Join Steven Jack Butala and Jill DeWit in this episode of The Land Academy Show! First, they discuss the significance of researching Land Academy before becoming a part of the community. Second, they explore the essential factors that dictate when to add or reduce the offer price for land deals. Tune in for valuable insights and tips for land investors. Gain expert knowledge, a sneak peak at our Member Discord, and be part of the Land Academy community by visiting landacademy.com.

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:This is episode number 1,974 and today we are talking about researching Land Academy prior to joining. And then-

Jill K DeWit:And-

Steven Jack Butala:Go ahead.

Jill K DeWit:... when to add ... When's it appropriate to add money or maybe take away money from your offer price.

Steven Jack Butala:Those are two fun topics, actually.

Jill K DeWit:Fun.

Steven Jack Butala:They are. I think that.

Jill K DeWit:Yeah.

Steven Jack Butala:I think researching something before you spend some dough on it-

Jill K DeWit:Is important.

Steven Jack Butala:Thank you, it is important. I also think that taking away and adding money, as crazy simple as it sounds, from your offer price or when you're selling the property, it's imperative to success. So, both of these things sound super simple but they're crazy important.

Jill K DeWit:Mm-hmm. That's what I said.

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

Jill K DeWit:Cool, all right. And don't forget, if you need some help or you're interested, questions, whatever it is, just send a note to my team via [email protected].

Steven Jack Butala:Let's take a question.

Jill K DeWit:All right. Greg wrote I have a place under contract to buy, about how to close on it. I sent... I have a place under-

Steven Jack Butala:Here, how about I'm going to read it, okay?

Jill K DeWit:I'm confused already with this first sentence.

Steven Jack Butala:I got a place under contract to buy and I'm about to close on it.

Jill K DeWit:Oh, that's it. There we go.

Steven Jack Butala:I sent out the photographer to get some photos and, the right of way, right through the neighbor's place the photographer gave the neighbor my contact information. He's got to drive through the guy's driveway, the neighbor's not happy about it, the photographer's probably not happy about it. Don't talk to me, don't kill the messenger.

Jill K DeWit:Call this guy.

Steven Jack Butala:Call the-

Jill K DeWit:Call Greg.

Steven Jack Butala:And so he did. Now he wants to buy it, the neighbor wants to buy it. He's not real interested in having people drive through his driveway and it's in his survey.

Jill K DeWit:Good.

Steven Jack Butala:So, he's not debating whether or not there's right away which usually happens. His price isn't as much as I'd like to get but it's still a money maker and it could make a real long-term pain without the right of way. He suggested a double close on it and we're going for that, I'm excited to see what happens.

Jill K DeWit:Everybody wins.

Steven Jack Butala:Yeah, I would not double close on this.

Jill K DeWit:Well, if it's already out there and disclosed and everything's fine with it, then, yeah.

Steven Jack Butala:Why would you double close? He suggested a double close?

Jill K DeWit:Yeah, don't rock the boat right now.

Steven Jack Butala:Does he know the owner? Is he going to go around you on the deal and go talk to the seller and say, "You know what? How about I just buy it and cut you out?"

Jill K DeWit:I'm assuming we're past that, we're down the road.