Staying Involved in a Professional Grade Land Investor Group (LA 1313)

Staying Involved in a Professional Grade Land Investor Group (LA 1313) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hello. Steven Butala: Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit, broadcasting from sunny Southern California. Steven Butala: Today, Jill and I talk about staying involved with a professional grade land investor group just like Land Academy. Jill DeWit: The value of this is- Steven Butala: Every role, every professional job I've ever had where I worked big company, small company, usually bigger companies more so, they have a thing called continuing education, which I'm a huge fan of, and that's what the show is really about. We didn't want to just throw out some program and then not support it. And so we supported it in a million ways by land investors site, doing a Thursday webinar, and I can list off all the stuff. We do this daily show so we're big fans of continuing education and updating stuff as it happens. Jill DeWit: I completely agree with everything that you just said. Even for me, I see it a little bit different, which it's like an alumni group. It's like a fraternity. How about this? I see this as being with investors at your level and always wanting to be involved with investors at your level because there's going to be times you help each other out. Hey, remember that deal we did back in 2000 and whatever? Do you want in on this one? I got one of those again and I need a money guy or whatever it is. There's going to be something- Steven Butala: You're going to run out of something. For us, it's always money. And just now we have- Jill DeWit: Or expertise or something. Steven Butala: Endless capital to buy the... We both know that we're good at buying property, really cheap. But when you spend $4 million in a month on acquisitions and then you're rolling through them and they're smoking deals, you start to bring in partners. And it's good to be involved in a group, which is what this is, and have access to stuff like that. Jill DeWit: I want to talk more about this in a minute on the show here. Steven Butala: Oh, yeah. Jill DeWit: Thank you. Steven Butala: Before we get into it, let's take a question posted... I got ahead. Posted by one of our members on the landinvestors.com online community. It's free. Jill DeWit: John wrote, "I have a potential parcel acquisition that is bordered on one side by a railroad. The road has an access road that runs parallel with it as well. It's a desert property in Northern Arizona. Is this a bad thing or does it even matter? Thanks." Steven Butala: Jill? Jill DeWit: I think it's great. I heard access road. Steven Butala: You got to be real careful on- Jill DeWit: Depending how big it is. Steven Butala: On utility access roads like in the mountains where there's really large power lines coming out of a power plant. A lot of times there's gates and stuff. This is not my first choice on property. And if you put a gun to my head and said, "Is railroad property good or bad?" I would say bad. I think there are some positives to it. Number one, it's not out in the middle of nowhere, right? There is something there still, but in general, we're experiencing... Here's the reason I included this question. We are experiencing as a group, certainly Jill and I, but as a whole group, some of the best acquisitions we've ever done ever because of this COVID because people they need money. They're in a situation where a life event happened, that COVID happened or probably some job related thing or where people are passing away, and they're selling us their property. So I don't think you have to sell. Jill DeWit: We could be pickier now, which is true. Bordered on one side by a railroad and it's 40 acres, I'm not going to worry about it because I could be over here. 40 acres is pretty big with the railroad way over there. You know what I'm saying? Steven Butala: