Welcome to another insightful episode of the Land Academy Show! Join Steven Jack Butala and Jill DeWit as they dive into essential tips for improving land due diligence with the 7th and 8th A's. Discover the truth about the real amount of money you can make in the land business. Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights to boost your success. Don't miss out on the secrets to maximizing profits and navigating the world of land investments. Tune in now!

Transcript:

Steven Jack Butala:I am Steven Jack Butala.

Jill K DeWit:I'm Jill DeWit. This is the Land Academy Show.

Steven Jack Butala:Today we have a couple of topics. We're going to talk about first improving land due diligence. We've got the six As already. We have formally added the seventh and eighth A.

Jill K DeWit:It feels weird.

Steven Jack Butala:It does. I agree. But I promise it's good.

Jill K DeWit:Do you know, as we're working on new content for 2024, I'm here ... Hey, spoiler alert. This isn't it. I've been dropping nuggets in our community about stuff coming in 2024. One of the reasons you're in our community and you're listening right now is because of our experience and who we are, the number of deals we've done, and how we can watch. We know the trends. We live the trends. We can spot things that are coming, we can adjust, and we can come up with things that are going to help you that nobody else has or knows about, because you don't have it unless ... I have to poke ... unless you have this. This is called gray hair. You'll never hopefully see my gray hair if I do this right.

Steven Jack Butala:I've got enough for both of us.

Jill K DeWit:There we go. We'll show his gray hair. Mine you won't see, but trust me, it's there.

Steven Jack Butala:You want experience.

Jill K DeWit:That's it. But my point today was the seventh and the eighth, they are not really the whole 2024 new content.

Steven Jack Butala:No.

Jill K DeWit:No. We got some stuff that is really important to professional land investors like you and us.

Steven Jack Butala:We're adjusting with the business. Then, a little later in the show, we'll talk about the truth about the actual real amount of money that you can make in the land business.

Jill K DeWit:It's not a billion dollars, and it's not 13 cents. It's somewhere very healthily in the middle. Each week on the show, we answer questions from the Land Academy Member Discord Forum, and we review land acquisitions from our weekly Thursday member webinar. We take a deep dive into the two land-related topics by popular requests, like I just mentioned. If you want a sneak peek on our Discord Forum, go to landacademy.com. It's free.All right. Let's see. Greg wrote, "I just closed on my first unintentional wholesale." I'm waiting to see, let me see if it tells him what he means by wholesale here because there's two meanings. "I sent out a photographer during the due diligence period, and he stirred up the neighbor accessing the property via right of way through the neighbor's land. He stirred up with the neighbor by accessing the property via the right of way, which was on the neighbor's property." Got it. "The neighbor suggested a double close and then made an offer to buy it right from me, like, "Let's just do it. I'll give you this.' I would have liked to have gotten more for it, but heck, since I didn't put any money down at all, I didn't put any money into it, we just did it all at one time. I'll take the proceeds with a check for $16,000."

Steven Jack Butala:Let me paraphrase what happened here, which I think is-

Jill K DeWit:I like it.

Steven Jack Butala:... really, really healthy. Greg puts a property under contract for, let's say, I'm just going to use round numbers, $10,000, and it's in escrow. He orders a photographer to go out there because he's prepping to sell it on the sales side with maybe the real estate agent that he has, but probably not.