In this episode of the Land Academy Show, Steven Jack Butala and Jill DeWit discuss why they never struggle to find land deals. Later in the episode, they dive into the concept of the entrepreneurial rat race and explore how it relates to the traditional W2 rat race. Discover the truth about these rat races and how they can affect your entrepreneurial journey. As always, the show covers questions from their Land Academy member Discord forum and reviews land acquisitions from member webinars. If you're curious about their Discord forum, you can get a sneak peek at landacademy.com. Don't miss this insightful episode.

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 number 1,975, and today we're talking about why we don't have any trouble at all finding land deals. A little later in the episode we will talk about, well, I'm wondering if are you part of the rat race, the entrepreneurial rat race? We all know what the-

Jill K DeWit:The regular rat race is.

Steven Jack Butala:... the W2 rat race is.

Jill K DeWit:Totally.

Steven Jack Butala:I've learned recently-

Jill K DeWit:Or the education rat race, like people who are just like non-stop college students. I understand. I mean, I don't understand it, but I know that.

Steven Jack Butala:I've learned recently and been researching, you'll learn the result of all this, the fact that this rat race thing is real and it's also primarily in our heads. So if you were running the rat race, here's a spoiler alert. If you were running the rat race in a W2 environment and you become a startup expert or you attempt a startup or an entrepreneur, you need to check and see if you're making that a rat race for yourself too.

Jill K DeWit:I'm super curious. So is there going to be an entrepreneurial twist to this that you've done some research on?

Steven Jack Butala:Yes, I have so much to say.

Jill K DeWit:Well, that's normal. That does not surprise me at all.

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. If you want to sneak peek of our Discord forum, go to landacademy.com. It's free.

Jill K DeWit:Cool. By the way, if you would like some help getting started or you have a question that you want to see here, send a note to my team via [email protected]. So Dave wrote, "Does anyone in the group have experience with raising and using private funds to purchase a large property? I'm looking at raising funds from a few acquaintances to purchase a good sized property over a hundred acres in a desirable mountain location that can be subdivided into 10 to 20 acre parcels. The preliminary numbers are pretty good, but I'm really just wondering about the logistics of how to structure the deal as far as setting up the fund entity, what kind of compensation I should build into the deal as the fund manager and anything else I should be aware of. I'm not soliciting for funds here, by the way. I already know who will be investing. I'm just asking for advices. I haven't done anything like this yet. Thanks in advance."

Steven Jack Butala:This question goes to the very root of my soul. On around June or July of 2014, Jill and I were in a Los Angeles suburb on the beach wondering what we're going to do with the rest of our lives because buying and selling land and everything was going great and is going great, and that has been unchanged in an uninterrupted manner. So we're on vacation and I look at her and I say, "You know, what would you like to change in your life? What would make you happier next week versus this week? Where is this all going?" She said, "Geez, I'll tell you." She said, I'm obviously paraphrasing, "We have more deals than we know what to do with.