What to Do When you Can’t Stay on Your Own Schedule (LA 1638)

What to Do When you Can't Stay on Your Own Schedule (LA 1638) 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 Dewitt broadcasting from the Valley of the Sun. Steven Butala: Today, Jill and I talk about what to do when you can't stay on your own schedule. Jill DeWit: Hey, for a minute. I was like, "I'm going to be just like the listeners right now. I don't know what this topic is about." And then I remember what we were talking about earlier. I'm like, "Okay, I got it." This came out of your intensive, right? Steven Butala: Came out of a discussion that you and I had earlier- Jill DeWit: Oh shit. Steven Butala: ...about writing topics for the podcast this week. Jill DeWit: Well, there is that. Steven Butala: And it was your idea. Jill DeWit: Thank you. Which came out of the intensive which wrapped up last week and I got to be a guest, if you will, on your last session, and that was very fun. Steven Butala: Yup. Jill DeWit: It was really cool. Steven Butala: Totally. Jill DeWit: Different groups. It was really interesting, I got to jump in on yours and you jumped in at the end of mine and we all talked about very different things. So it was cool. Awesome. Steven Butala: Before we get into it, let's take a question posted by one of our members on thelandinvestors.com online community it's free, and don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like. Jill DeWit: Greg wrote, "Bought this 1.29 acre lot up in the mountains of Eastern blank for $2,259 back in February. Last week, we're going to a nearby city from Pennsylvania and after ignoring this property for most of a year- Steven Butala: Been there. Jill DeWit: We just, right? Steven Butala: Ignoring this, because he bought it, but- Jill DeWit: You forget. Steven Butala: He just didn't get around to sell it. Jill DeWit: Yeah. Steven Butala: Story in my life. Jill DeWit: Now you're know, Greg, you see how easy it is to forget, what, "Oh yeah. I still own that. Oh yeah." Okay. So anyway, we decided to stop by and take some pictures, do a drone video, dash cam video, and then put up a sign. It was a beautiful sunny day and I got some great colorful shots from both the ground and from the drone. Steven Butala: And so it's cool. He put all this in there. Jill DeWit: This is it. Steven Butala: He put the content in there, like the shot, you know- Jill DeWit: The pictures? Steven Butala: Yeah. Jill DeWit: That's cool. Steven Butala: It was really cool. Jill DeWit: After four hours or about four hours after we left, we got a call from a neighbor who had seen our sign and wanted to know our price. We hadn't quite settled on a price. So I told him somewhere around $16,000. He said, "I'm just curious" and local Tennessee folks wouldn't pay that much. But if you could get people from Florida to pay that, if not more. This seemed like an unusual but interesting opinion of the market value of the land in this area. So then, the next morning, this is so good. I get, "What did you pay?" You paid 2259, or something like that, right? Steven Butala: Let's see. Jill DeWit: Yeah. Wow, I have good memory 2259 and he said it's only around 16. So then the next morning I got a call from another neighbor who was out for her morning walk and saw our sign. She said she lived very close by and was looking for land for her daughter and daughter's husband, both of who live in Florida and want to move to this state. Jill DeWit: Given the opinion that I got from the local guy, I said that the price is $20,000. She thought about it for a minute and then said, "Yes." We now have signed purchase agreement and title company working on this. When all is said and done, we will make about $16,000 profit off our 2259 purchase. Although I was really looking forward to working on the listin...