Working with Your Spouse (JJ 635)

Working with Your Spouse Transcript:  Jack Butala:                         Jack and Jill here. Jill DeWit:                            Hi. Jack Butala:                         Welcome to the Jack Jill Show, entertaining real estate investment advice. I'm Jack Butala. Jill DeWit:                            And, I'm Jill DeWit, broadcasting from sunny southern California. Jack Butala:                         Today, Jill and I talk about working with your spouse. Jill DeWit:                            What could be more fun? Jack Butala:                         This is a topic I feel extremely qualified to discuss. Jill DeWit:                            Aw. Jack Butala:                         In public. Jill DeWit:                            It's every day. Jack Butala:                         Unlike most of the topics we talk about. Jill DeWit:                            There's a new surprise that just makes me want to do it more. Jack Butala:                         So, what should the title really be? Jill DeWit:                            Oh, my gosh. Jack Butala:                         It should be Working with your Spouse- Jill DeWit:                            Without Killing Someone. Jack Butala:                         Working with your Spouse,- Speaker 3:                           Go ahead. Jack Butala:                         Without Killing Someone. Jill DeWit:                            Or, Yourself. Jack Butala:                         I think that's how it should be, Work Without Your Spouse. Jill DeWit:                            Oh. Jack Butala:                         How did we end up like this? Working together? Jill DeWit:                            You know why? Jack Butala:                         What the hell- Jill DeWit:                            I have a lot to say about this. Jack Butala:                         We'll get into it in a minute here. Jill DeWit:                            Okay. Jack Butala:                         Before we actually do get into it, let's take a question posted by one of our members on the jackjill.com online community, it's free. Jill DeWit:                            Okay, Rick G. asked, "Hi. I have a seller who will sell a 40 acre property in ___ County, Arizona, for $8,000.00, about eight miles from ___ city. The owner tells me," he wrote, I'm not doing that on purpose, "roads are good enough to be traverse with a two wheel drive." This is really good. "Planning to re-sell at $12,000.00, which should be more competitive than when I typically see on Land Watch for this county." Aw, and he even included a satellite image of a property on this site. "I'm looking for a money partner to fund this deal, and split the profits 50/50. Here are the sample prices from Land Watch for this county on 40 acre properties," and he puts $32,000.00, $25,000.00, $24,900.00, $13,000.00, $39.9, $24.4, $29.9 ... do you want me to keep going, Jack? Jack Butala:                         No, it's $30,000.00. $20,000.00-$30,000.00 comparison values. Jill DeWit:                            There's one funky one in there for $13,000.00, so the lowest is $13,000.00- Jack Butala:                         Which is probably a Land Academy member. Jill DeWit:                            Right? And, the highest is $37,500.00 thousand dollars. Jack Butala:                         It might even be us. Jill DeWit:                            So, this is really, really good. Thank you for doing your homework. We all know he can buy it for $8,000.00. Okay. "Planning on posting this on the Member Deal Board, also, but I'm working with getting it set up. Please let me know if interested." Jack Butala:                         I love it. Jill DeWit:                            Okay. Jack Butala:                         So, you did every single thing right here.