Why Land is a Good Place to Start REI Career (LA 994)

Why Land is a Good Place to Start REI Career (LA 994) Transcript:  Steven Butala:                   Steve and Jill here. Jill DeWit:                            Good day. 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 sunny, southern California. Steven Butala:                   Today Jill and I talk about why land is a good place to start your REI career, real estate investment career. Jill DeWit:                            It really is, when you think about it. Some people look at these transactions, I think, because some of them, we self-close, and we'll talk about that in a minute, but it's so important to learn that process. I guess it's like driving a stick. You need to learn how to do it one way, because it'll really help you with all kinds of other things. Steven Butala:                   We've all been exposed, afar, from real estate deals. Jill DeWit:                            Right. Steven Butala:                   You watched your parents buy a house or something like that, some version of an example of a deal. You've decided you want to do this yourself. Land is a great place to start, because there's no real lenders. There's no real estate agents. There doesn't have to be an escrow agent if you don't want there to be one. There's just you, the buyer, and the seller. Jill DeWit:                            Exactly. Steven Butala:                   And Microsoft Word. Jill DeWit:                            Exactly. Steven Butala:                   Before we get into it, though, let's take a question posted by one of our members in the LandInvestors.com online community. It's free. Jill DeWit:                            Jeff- Steven Butala:                   And- Jill DeWit:                            Go ahead. Steven Butala:                   And it's long. And it's good, though. It's good. Jill DeWit:                            Okay. Jeff asks, "Hi, everyone. I have six offers accepted and I am awaiting my final decision, but I can't even locate some of them. They are all in Presidio County, Texas. Some of them have a legal description that makes it possible to find the parcel, but not the actual location of the land. For example, number 8238 has a legal description of one, DNP Section 143. Yes, that description leads to a 640 acre parcel, however, this one is only 20 acres. So which 20 acres is it?" This is... Beauty of Texas. Steven Butala:                   Yeah. Jill DeWit:                            "If you have some system for finding these, please let me know. I have several others with similar problems. Thanks, Jeff." And then Kevin wrote in- Steven Butala:                   Kevin Ferrell, our site moderator, who's also a very successful member answers and he says this, "Jeff, that looks like a difficult county to get data from. I can pull it up on ParcelFacts.com, but the parcel shown on the map may be 600 plus acres. The county has a pretty good GIS system, but when I pull up that account and click on the map, it shows a different APN of that same 600 plus acres and no real explanation given about the 20 acre lot that lies within that parcel." Jill DeWit:                            Right. Steven Butala:                   It goes on to say, "Next step: Call the county and talk to the GIS department. Maybe they can explain. Crack the code, though, and you'll be able to do these deals." And another member, Matt Peterson, also clocked in and said, "There will be plat map for all of these properties, section by section by section." And then they kind of go on, so my point in including not only the original question and then a couple of answers from members and the site moderator is this, you can get just about anything answered in Land Investors- Jill DeWit:                            Land Investors.