Tune in to Jack & Jill's conversation on navigating financial pitfalls associated with borrowing money – a practice we avoid. Wondering why? Discover a superior approach with an equity partner and ample funding opportunities within the Land Academy community. Let 2024 be a year marked by wise financial choices!

Transcript:

Steven Jack Butala:I am Steven Jack Butala.

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

Steven Jack Butala:Today we are talking about Land Academy's really unique position to get members' deals funded. It separates us from everybody else out there, in my opinion. And our advice a little bit later in the episode on how to not get sucked into some of the financial tricks out there that we're all subject to, car loans come to mind, and we'll talk a little bit how that bleeds into or can bleed into-

Jill K DeWit:Real estate.

Steven Jack Butala:... our land businesses. Yeah.

Jill K DeWit:That's true. Isn't that amazing? I mean seriously. Remember, I was just thinking about that. I remember buying a car back in the day, only brand new, because it was 0.9% financing and I'm like, "Well gee, duh." I'm sure that was all baked in somewhere, probably in the sticker price, but I'm like, all I heard was 0.9% financing. How can I not buy this car? How can I not do that? So, yeah, did it. But the good news is I'm not going to tell you what kind of car it was.

Steven Jack Butala:Thank you.

Jill K DeWit:Exactly.

Steven Jack Butala:Because I'm having a good day.

Jill K DeWit:Exactly. Let's just say there were little kids involved and so, anyway, and I did drive that car all the way through the whole thing and then for several years after it, so I did pay it off and then drive around a free vehicle for a while, which was nice. Not free, but paid for vehicle for a while. That was really good. That's always in my thing now. You know what? I can't do car payments. I would just like... I can't take it.

Steven Jack Butala:Neither can I.

Jill K DeWit:And that's a financial thing. "Oh, just come on. Look at the payments." Nope, not doing it.

Steven Jack Butala:Well, we're going to cover all that. Okay, here's a spoiler alert. There's a few components to all of this, only one of which you have control over, and we'll talk about that later.

Jill K DeWit:I can't wait to hear.

Steven Jack Butala:Each week on the show, we answer questions from our Land Academy member Discord forum, we review land acquisitions from our weekly member webinars, and we take a deep dive into two land related topics by popular request.

Jill K DeWit:And by the way, if you want some help, you want to learn more about us, you want to talk to somebody, easy, reach out to my team via [email protected] right. So here's the question. Paul wrote, new member in the corrupt state of Illinois. I love this. My wife and I are retired engineers. I speak Excel fluently, so I'm definitely the data guy. I am also a member under another mentor, which I have learned a lot, but I realize he's only done a few deals and Jack and Jill are crushing it real time, so I jumped in on this opportunity. Yay. One difference in training is the other program has us sending neutral letters saying, "If you want to sell your land, please call." I got less than 10 responses from 1,500 letters. Jack and Jill have us send an offer in the initial letter, which seems much better to me, although I haven't mailed it yet. So what response rates are you all seeing?

Steven Jack Butala:Boy, I'll tell you what, we've been doing this for a while, 10 years next year. I can tell you-

Jill K DeWit:As Land Academy.

Steven Jack Butala:Yeah, we've done 35 years really, but 10 years next year. Well, it's 30 years and 10 years. Geez. And I can tell you guys are all set up for this. If you've got technical backgrounds, you're retired, so you've got time, you've got a bunch of experience behind you, and I think that you made the right choice,