Who Needs A Corporate Culture – Everyone (CFFL 0255)

Who Needs A Corporate Culture - Everyone Jack Butala: Who Needs A Corporate Culture - Everyone. 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 with Jill DeWitt. Jill DeWit: Hi. Jack Butala: Welcome to our show, in this episode Jill and I talk about who needs corporate culture. Everybody needs it, even if you're a one person show. Great show today Jill. Before we get into it let's take a question posted by one of our members on successplant.com, our free online community. Jill DeWit: Eric wrote and asked, hello, I came across some subdivision land. Are they any good to invest in? I know the property taxes are higher and also there is an HOA. Most of the lots are less than point two five acres. Less than a quarter of an acre. I guess the real question is, if it's good for flipping? My short term goal is to build up more investment capital. Thanks in advance. Eric. Jack Butala: Awesome question, Eric. Get it all the time and heck yes, they're great for flipping. These kinds of deals are awesome, or they're fantastic for people who are super ambitious but don't have a ton of access to capital. A lot of our members are like that. When you hear people starting out with not a lot of money, quite frankly. You can buy these rural properties for less than five hundred dollars and sell them for a thousand all day long, which is a great way to build up a good bank balance so that you can do some serious acquisitions like forty twenty acre properties. You hear us talk about vacation lots east of the Mississippi all the time. You buy them for a thousand bucks. You sell them on terms or your sell them on cash for five, six, seven, eight, ten thousand dollars. If you don't have that kind of money to start out with, yeah, these little tiny properties are great. Jill and I have done thousands and thousands of deals of these tiny little lots and people love them. It's real easy for people to come up with eight or nine hundred dollars or a thousand bucks to buy one of these little properties and get in the real estate business. Our customers, we buy them in bulk for as little as twenty-five dollars, but typically we buy them for five hundred bucks and sell them for a thousand or fifteen hundred. People are their owners now. The answer is yes. Just to apply the four a rule to these properties as well as any other acquisition you do, what are the four a's? Does it have a good attribute? Is it close to something? Mountain views? Does it have lakes? Jill DeWit: Golf course? Jack Butala: Is it in the city? Is it close to the city? Golf course is good. Acreage. The more the better. Does this have that a of the four a's? No, not really. That's okay, it's not valueless. I've heard people say that. These properties are worth nothing. That bugs me. All property's worth something. Jill DeWit: Exactly. I agree. Jack Butala: Make sure you turn your cellphone off during our podcast. That's the next one. Jill DeWit: It's a repeat from the last show. Jack Butala: Last two a's are affordable. It sounds like you've got that worked out. The cheaper the better, and the fourth a is access. These subdivision way more often than not, you cannot create a subdivision unless it's got access to all the properties. Make sure you check. Some subdivisions are called paper subdivisions. They just exist on paper. They were created in the fifties before a lot of the rules that we have in place were in place, but heck, they're good. It's a good deal most of the time. Go ahead, Jill. Jill DeWit: A couple good things to point out too is, one, when there is an HOA I like that. Somebody's doing something. There's something out there. Someone's keeping an eye on the property. Things are being maintained.