You Don’t Need a License to Buy and Sell Real Estate (LA 987)

You Don't Need a License to Buy and Sell Real Estate (LA 987) Transcript: Steven Butala:                   Steve and Jill here. Jill DeWit:                            Hello. 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 how you don't need a real estate license to buy and sell real estate. Jill DeWit:                            What?! Wait, what? Jill DeWit:                            Yes, that's true. Steven Butala:                   Of all the things that you need a license for, and I'm sure Jill's got a whole list of them she's going to describe, because some of them are silly, like being a barber. Jill DeWit:                            Yup. Steven Butala:                   You do not, in any way, need to a license to buy and sell real estate. Jill DeWit:                            Yup. Steven Butala:                   [inaudible 00:00:38] we have a lot more freedom than we all think. Jill DeWit:                            Yup. Steven Butala:                   Before we get into it, let's take a question, posted by one of members on landinvestors.com online community. It's free. Jill DeWit:                            Damien asks, I primarily wholesale residential buildable lots inside ... okay, wait, wait, wait. Can you go back up here? Steven Butala:                   I primarily wholesale residential buildable lots inside of sub-divisions. Jill DeWit:                            [crosstalk 00:01:07] Inside of sub-divisions. He put a question mark and that's what threw my there. I'm like is that a question or a statement? Looking to branch out to other markets, however, I was wondering if there was a way I could find only counties with land that primarily uses public water and sewer and don't need perk tests, wetlands tests, environment tests, et cetera. Jill DeWit:                            Okay, so we want to find infill lots that don't need those items. Steven Butala:                   What he's asking is, is there something in a data set in RealQuest, DataTree or whatever you're using that identifies the buildability of a given piece of property, land. Jill DeWit:                            Thank you for translating. Steven Butala:                   The answer's no. Jill DeWit:                            [inaudible 00:01:51]. Steven Butala:                   So these data sets, while they're extraordinary in the amount of information that they provide. Jill DeWit:                            That would be cool. Steven Butala:                   What they generally provide, this is how I mentally see it. What they generally provide is all the stuff that you could put on a piece of paper about a piece of property, but no so much the stuff about the physical asset. Now, there's lots of exceptions to that, so you can get square footage very easily if it's a house, and certainly if it's land most of the time. Does it have a pool to how many bedrooms does it have and stuff, but we're talking about land right now, so it's almost all, does it have a mortgage? That's one there, that's one a piece of paper, but the attributes of the land, where utilities are? Is it in a flood plains? Things like that, those are happen afterward, and so if you're brand new at this, this is a very good question, if you're new at this, when you open this data set for the first time and you start horsing around in there, you don't know what to expect. And a lot of times people, just because it's curiosity, it's not like they're wrong, they don't fully understand that the actually physical attributes about the property, access, and specifically access, nothing, it's not there. Jill DeWit:                            I look at it this way, which is true,