Run to the Bank Notary Close Title Insurance Afterward (LA 1063)

Run to the Bank Notary Close Title Insurance Afterward (LA 1063) Transcript: Steven Butala':                  Steve and Jill here. Jill DeWit:                            Happy Friday. Steven Butala':                  Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit:                            And I am Jill DeWit, broadcasting from gorgeous, sunny southern California. Steven Butala':                  Today, Jill and I talk about a run to the bank, notary close, and then going to get title insurance afterward, after the property's in your name. Jill DeWit:                            This sounds so weird, but you can do this. Steven Butala':                  And it's not- Jill DeWit:                            It's okay. Steven Butala':                  Yeah, it's not complicated. Jill DeWit:                            Right. Steven Butala':                  It's just a step-by-step process, and it accomplishes one of the most important things in a real estate transaction that you could ever hope for, which is speed. Jill DeWit:                            Yup. Also, just getting it done. Steven Butala':                  Time kills deals. Jill DeWit:                            Yes, it does. Sometimes you have to be scrappy. Steven Butala':                  Especially with certain personality types. Certain personality types, meaning sellers, really need to get things done quickly. They need money and there's a lot of different reasons, but it's a such a good property. It needs title insurance. Jill DeWit:                            Right. Steven Butala':                  This is a little product that Jill and I together devised. I'm not afraid to say it over a pretty nice bottle of wine. Jill DeWit:                            Thanks. Steven Butala':                  Before we get into it. Let's take a question posted by one of our members on the landinvestors.com online community. It's free. Jill DeWit:                            About that bottle of wine, by the way, just pause, I'm not so into wine anymore. But you know what? I'm developing a good taste for this tequila. Steven Butala':                  Oh my gosh, Jill. Jill DeWit:                            I'm not kidding. I never- Steven Butala':                  You're my dream girl. Jill DeWit:                            Oh really? But I've been learning. We have a new neighbor who has a strong affection for good tequila. And I thought all tequila was bad, because we all have bad experiences and bad hangovers and bad party situations and doing stupid shots of tequila. Well, I didn't know until recently you don't have to drink all tequila that way. I didn't know you could put a nice ice in a nice glass, pour tequila in there and just enjoy it and sip it. Steven Butala':                  Yeah. Jill DeWit:                            And I like the caramel-y ones. I'm here to tell you I'm not a smokey tequila one. I'm learning that too. How funny and why I love that. This is my version of being ... I can't be a wine snob, but I can like tequila. Steven Butala':                  Here's the new name of this show. Jill DeWit:                            Uh-oh (negative) Steven Butala':                  Jill goes to a tequila tasting. Jill DeWit:                            That's right. That is the new name of the show. Steven Butala':                  Gets carried home. Jill DeWit:                            Thank you. Steven Butala':                  Steve carries her home. Jill DeWit:                            That was good. Okay. Alright, so back to the question. Robert wrote, "I purchase a parcel in the Joshua Tree area last year. The previous owner had purchased a parcel from a tax deed sale. I sold the parcel double what I bought it for a short while later." Steven Butala':                  We do this all the time. Exactly this situation.