Today, Steven and Jill offer crucial insights for successful land acquisition in the 2024 recession, emphasizing the need for the cheapest property and strategic deal creation. They also share experiences and advice on working with a spouse in the land business, highlighting the importance of open communication. Stay tuned for exciting announcements about Land Academy Ladies, a monthly gathering for female investors associated with Land Academy.

Transcript:

Steven Jack Butala:I'm Steven Jack Butala.

Jill K DeWit:And I'm Jill DeWit, and this is the Land Academy Show.

Steven Jack Butala:This is episode 1,995 and today we are talking about what your land acquisitions need to look like to survive the recession that's going to happen here in 2024, and a little bit later we're going to talk about working with your spouse.

Jill K DeWit:Yay. That's what I think.

Steven Jack Butala:So much fun to work with your spouse.

Jill K DeWit:It's the best thing when people go, "Wait a minute, and you guys, you live together?" Uh-huh. "You travel together?" Uh-huh. "And you work together?" Uh-huh. "And you're here at the bar drinking together?" Uh-huh, now you know why we drink.

Steven Jack Butala:That's the result of that.

Jill K DeWit:Here we go. But we're still laughing.

Steven Jack Butala:I feel compelled to quote Homer Simpson.

Jill K DeWit:Uh-oh.

Steven Jack Butala:Alcohol is the cause of and the cure for everything.

Jill K DeWit:There we go. That's great, babe. That obviously sung to you 12 years ago.

Steven Jack Butala:Yep.

Jill K DeWit:There we go. That's awesome. All right, so what are we going to talk about today? So land surviving, this is the interesting. I've had a lot of conversations, I'm glad you picked this topic. I've had a lot of conversations with people recently who are coming to us because of this. They're like, "Hey, I looked around. I've got so much figured out now, I understand there's money to be made in land, and it checks all those boxes, and now I'm trying to figure out, who's best to show me the way and navigate this? Because you're not the only ones anymore." I'm like, "Nope, you're right." "And we know that we're coming to you because you've been through a thing or two." Yep, you're right. Come on, we didn't, like you just said last week, it's been 30 years that we've been doing this, and pushing, we have around 17,000 transactions. I always clarify, that's not Land Academy, that's us, mostly him. And then we've been through three terms?

Steven Jack Butala:This will be our third full professional recession.

Jill K DeWit:And we are still here. And boy, I can even remember since I got involved in '09, I can remember the actual names of people that were other investors with us and who didn't-

Steven Jack Butala:Gone forever.

Jill K DeWit:Weather the storm. They're alive, but they did not weather the storm, and I feel bad.

Steven Jack Butala:We're going to talk about how to avoid that here in just a minute. All of those key points.

Jill K DeWit:This is good.

Steven Jack Butala:Each week on the show we answer questions from our Land Academy member Discord Forum, review land acquisitions from our weekly member webinars. I'm going to take a deep dive into two land related topics by popular requests.

Jill K DeWit:Okay.

Steven Jack Butala:We have a question, Jill.

Jill K DeWit:Yes.

Steven Jack Butala:I have to say.

Jill K DeWit:What?

Steven Jack Butala:I love this question, and I'll read it if you want because I would like you to answer it.

Jill K DeWit:Oh, okay, go ahead.

Steven Jack Butala:Troy says, "Today, I called up three realtors for a price opinion in a new area to me. Realtor one was driving and asked if I could text her the APN and she would get back to me by the end of the day. End of day is here and gone. No email, no callback. Realtor number two must have let a 2-year-old pick up the phone and say something about her toy in 2-year-old gibberish and ...