Why Real Estate is the Most Popular Way to Create Wealth (CFFL 0150)

Why Real Estate is the Most Popular Way to Create Wealth Jack Butala: Why Real Estate is the Most Popular Way to Create Wealth. 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 from Land Academy. Welcome to our Cash Flow from Land Show. We show you how to buy property for half of what it's worth, and we resell it the next day. Free information from Jack, that's me- Jill DeWit: And inspiration from Jill, that's me. Jack Butala: In this episode Jill and I talk about why real estate is the most popular way to create wealth. It's true. More millionaires have been created from real estate than anything else. Great show today Jill. It's a little bit different. It's fun actually. Before we start, let's take a question posted by one of our members on successplan.com, our free online community. Jill DeWit: Okay. Scott from Sacramento asks, "Super excited and ready to purchase my first investment property. What are your best tips or advice for me? I'm looking for guidance as I embark on my future as a real estate investor." Jack Butala: Congratulations Scott from Sacramento. That's awesome. You're definitely pointed in the right direction. You've got the right idea. Here's my advice, forget about this property, and here's why, what I want you to do first, especially if you're young and it sounds like you are, learn how to source super cheap properties. That talent, and it's what we teach here, that talent will serve you fro the rest of your life. I see many, many, many investors buy a property the incorrect way the first time out of the gate, and it destroys your appetite or that quest that you have and the interest in being a real estate investor. You want to start with education. You want to learn how to buy super undervalued property, which is what Jill and I specialize in and teach many of our members. Please consider forgetting about that first property and spend the next six months to a year learning, hopefully from us, but any resource that you can find about how to buy super cheap property. Jill DeWit: Love it. Just to recap Jack aka Steven. Jack Butala: Jack in my middle name. Jill DeWit: I know, but we don't use it very often. Now it just kind of fits. I still catch myself too. Jack Butala: People are starting to call us Jack and Jill and remembering it. Jill DeWit: I know. Jack Butala: It makes sense. Jill DeWit: It's true. Think about the numbers, don't get ... We joke about this, but it's all true. You're either going to win emotionally or you're going to win financially. Which would you like? Don't think emotionally, think financially. Think about the numbers. Jack Butala: This is a topic of a whole different episode, but one of the least significant things to look at in a real estate deal, the way we do it, is the real estate itself. The transaction's what matters. The numbers, who's going to buy it, how fast they're going to buy it, how they're going to buy it. The whole thing. The house itself, unless it's falling down, it's either turnkey or it's not, and if it's not you wholesale it to somebody who can make it turnkey. The real estate doesn't matter, and it's sad to see people who are out front, Jill, get really hung up on it. Jill DeWit: It's true. Jack Butala: All right. Why the heck is real estate the most popular way to create wealth? Here's the thing, and Jill, pipe in anytime here. Real estate has what I call the two major components of any type of investment that you really want. It immediately produces cash flow, but it's also, the value of it is increasing over time because inflation pushes it up. Theoretically,