
When to use the MLS for Immediate Resale Property (LA 707)
Land Academy Show · Steven Butala & Jill DeWit
April 24, 201817m 2s
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Show Notes
When to use the MLS for Immediate Resale Property (LA 707)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Hi.
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 sunny Southern California.
Steven Butala: Today, Jill and I talk about when to use the MLS for immediate resale of your property and when not to.
Jill DeWit: Some people don't realize you can use the MLS for any property type and any price amount, right?
Steven Butala: You know this is Equity Week, this week. How to create equity through buying and selling land. And I'm not sure that, it just occurred to me that most of the people get their informal training from becoming a real estate investor, from their parents during their primary residence, you know?
Jill DeWit: Right.
Steven Butala: Like your parents, or somebody you know, sold a house and made a lot of money, couple hundred thousand bucks, maybe even millions if you are in California or Manhattan. And a switch flipped, you know, it flipped in my head when I was younger. Like, what if I just did that four times a year?
Jill DeWit: Right.
Steven Butala: Really. I was really young. That could be your ... Dad, you'd make way more money if you just did four of these a year. Oh, yeah, son, you're probably right. I gotta go to work.
Jill DeWit: Exactly. Hand Dad his lunch. Bye.
Steven Butala: He pats you on your head.
Jill DeWit: Exactly.
Steven Butala: Don't knock yourself out. Do good at math today.
Jill DeWit: Isn't that funny? Alright. I know you have a lot. This is good.
Steven Butala: So, it truly is ... Some of this stuff is so simple once you accept this fact, that all the crap that you've learned about real estate investing, that you've absorbed like a sponge your whole life, you gotta kinda undo.
Jill DeWit: Mm-hmm (affirmative). It's so true. You know, you just brought us a good point that I wanted to say. I don't know if it was on social media or if was in our online community, but one of our members was so cool, put a note like, it's April first, or it was some day like that, and he's like, I've already made, you know ... whatever. I don't remember when it was-
Steven Butala: Three times as much as I did last year in my salaried job.
Jill DeWit: It's like, if I already made my salary up for the year, so the rest is gravy. I can't remember when it was. It might have been in some point last year. I don't know. It's all a blur.
Steven Butala: 2017 is a blur.
Jill DeWit: I know. But at some point throughout either this year or last year, he made a point to say, alright, today's the day. I already matched my salary, what I would've been working for the full year at my old job. Which was a good job, by the way. So, it was awesome.
Steven Butala: That's great.
Jill DeWit: Yep. Love it.
Steven Butala: What better endorsement for real estate investment is that?
Jill DeWit: Exactly.
Steven Butala: Before we get into the actual topic, let's take a question posted by one of our members on the landacademy.com online community. It's free.
Jill DeWit: Okay. Steven, this name comes up a lot here. Steven asks, I've been looking at county records while cleaning up RealQuest data for a mailing,