Seller Called Back on My Offer – Wants More Money (CFFL 0137)

Seller Called Back on My Offer - Wants More Money Jack Butala: Seller Called Back on My Offer - Wants More Money. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here for LandAcademy. Welcome to our Cash Flow from Land Show, in this eight-part series Jill and I talk about what to do when sellers begin to call you back based on the letters and offers that you've mailed them. Jill, this is Episode two of eight and it's called Seller Called Back on my Offer and They Want More Money. Great show today as always. Before we start, let's take a call. Jill DeWit: Sure. Jack Butala: Excuse me. Jill DeWit: You got it. Alex from Chicago called in and asked, "I haven't made the jump yet into real estate investing. It's not that my wife and I can't afford it. She's a nurse, I'm a plumber. We can make the jump perhaps a little easier than some. The problem for me is," I love this, "is convincing my wife that Real Estate can be as good of an investment plan, if not better, then perhaps traditional investment methods like 401k, Roth IRA and so on. How can I convince her?" Jack Butala: Have you noticed Jill, that the question get more detailed and more ... I mean, it's a great thing, it used to be like what's my last name. That was a question- Jill DeWit: What! Jack Butala: But now, no, Alex this is a great question. Do you want to go first, or should I Jill? Jill DeWit: This is kind of more you, your thing. You're a big planner and big picture person and stuff Steven so I'd like you to take it. Jack Butala: You know, this isn't a [inaudible 00:01:29] ... Retirement and IRAs and things like that they're out. They should be included in everyone's, or just about everyone's investment portfolio. So this is not a passive ... If you're looking at a passive investment vehicle, this is not it. This is a part-to-full-time business opportunity to earn some huge payouts of income but it's, you know. You're running a business. I'm not saying you're working eighteen hours a day, I'm saying ... I mean you can do it on many, many, many ... Most of our members just do it on the weekend until they make enough money to quit their jobs. But to answer your question Alex. You should do both, but if you're not interested in running a part-time gig this is not for you. That's a little negative, isn't it Jill? Jill DeWit: Yeah like where are you going with that? Jack Butala: I'm just being honest. Jill DeWit: I'm just kidding. Jack Butala: It's not a passive investment vehicle. Jill DeWit: No, you know, it's really good I mean, I guess, the point is here listen to your wife A) you never want to tick off your wife, come on [crosstalk 00:02:35] You don't want to be married very long Alex. Yeah Alex, dump all that, do this and don't tell her because you know it's better. Jill DeWit: So, there you go. Yeah, if you're not happy with your marriage this is a good out. Anyway, the bigger picture is it is hard to have all your eggs in one basket. You don't have all your eggs in one basket. We don't have all our eggs in one basket. You know, it's all within basically real estate base but it's not all the same kinds and not all ... It's a variety of things, under a variety of companies, by the way, because we've got to that level. We have a lot of fallback plans. You're right Steven, take the ball and run on this. It is a great opportunity and don't discount your wife. And maybe that's the answer. How can you convince her? By telling her you're not going to jump ship on all those other things. By saying, "You know what babe, here's what we're going to do. I get it, and you know what, your gut instinct is telling you this,