Jack Butala and Jill DeWit explore the real estate market, discussing the anticipated stagnation in 2024 and offering valuable insights for investors. Jack shares three crucial strategies to thrive in this shifting market: increasing offer volume, recognizing the rise in rental demand, and predicting demographic and relocation trends. With their expertise, Jack and Jill provide practical guidance for real estate investors adapting to changing conditions. Discover expert tips and strategies to excel in the evolving real estate landscape by watching this video.

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 1,997, and today we are talking about three ways to take advantage of the 2024 real estate stagnation that is sure to happen this year. A little later we'll talk about how we're going to take a look at how you respond to change. This change is going to happen this year, not just in real estate.

Jill K DeWit:Uh-oh. Is this a, "Jill, we're taking a deep dive into your psyche. How do you respond to things?"

Steven Jack Butala:I would not dare.

Jill K DeWit:Oh, gosh.

Steven Jack Butala:To put you center stage, and ask you all kinds of questions that put you out of your comfort zone. No joke.

Jill K DeWit:Yeah, right.

Steven Jack Butala:No, that's not what this is.

Jill K DeWit:Thanks a lot. We left my comfort zone a long ... way back there a long time ago, like 10 years ago.

Steven Jack Butala:Were you ever in your comfort zone, do you think? Seriously?

Jill K DeWit:Yeah. I mean, yeah. You know what? I was not in my comfort zone. I was in a comfort zone, and I hated it.

Steven Jack Butala:Me too.

Jill K DeWit:I felt trapped.

Steven Jack Butala:Me too.

Jill K DeWit:I felt stuck. I couldn't stand it. I hit the ceiling of where I was working. There was nowhere to go, and then that's why ... I've had that a couple times in my life, and I had to make changes, and now that we run our own companies, I don't have that problem anymore.

Steven Jack Butala:We just had this exact talk about, I don't want to blow the episode here, but how risky a W-2 job is, and it's so ironic because you think it's the greatest thing ever, "Oh, I got this great job. I'm going to get a new car. I'm going to buy a new house. I'm finally going to do the stuff I want to do." It's totally the opposite.

Jill K DeWit:It's true.

Steven Jack Butala:You should hunker down, especially this day and age, and prepare for that single point of failure to fail.

Jill K DeWit:It's true.

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

Jill K DeWit:Yup. All right, so Alicia wrote, "How many zip codes do you gauge your mailer on in the red yellow green test? So what I mean is, do you test 3 to 10 zip codes, and then if 6 out of 10 are good, and then 4 don't pass, what's your number? I'm sure I'm overthinking here." I like this question.

Steven Jack Butala:Alicia-

Jill K DeWit:How many is enough, and what's not too much?

Steven Jack Butala:You're not overthinking this at all, and I have to tell you, I love your contribution to Discord, not as a person who's ... you are using Discord how we intended it when we set it all up. She's asking tiny little questions every single step of the way. I can read through Discord on most of the channels, and I can see where you are in your career.

Jill K DeWit:That's sweet.

Steven Jack Butala:And at some point I'll tell you, and I say this with passion, we're just not going to hear from you again. That's how this always happens because you're off and running and, "Thanks, guys-

Jill K DeWit:That's true, "Loud, loud, loud, got it."

Steven Jack Butala:"I got what I needed from you, and bye."