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So this is a very analytical and a very, very good question again. No, this group really attracts analytical people. Two final points here, for whatever reason, and it’s us, I’m sure, this group.
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And his results were don’t do the back tax properties. Let’s test back tax property versus let’s test the way Jack and Jill do it. He tested his, do I mail only back tax property. I was thinking back to the one that a guy did a whole thing on his own. Everybody-Įveryone now and then comes up with these interesting ways of looking at things, and then they’re pleasantly surprised when they realize how fast it really is moving. And I would argue too, that back then, things wasn’t even as hot as the market when you’re doing homes that it is now. We’ve done rehabs in 45 days start to finish. We have done homes start to finish in 30 days, like on the day. This forbearance thing is a drop in the bucket compared to what happened between 20 in this country with foreclosures. It’s the same amount of time and has nothing to do with forbearance. With the red, green, yellow test takes care of all that.Īnd you bought something in an area that things are just, you go on Zillow and you see, look, there’s only 20 for sale and 120 sold in the last six months. You know what another variable is we’re not even talking about? Is how hot is the area. So you need to spend a lot of time, it’s not going to happen overnight, finding the right one.
#GOODNOTES 5 SALE HOW TO#
And you know how to market it, by namely putting a sign in the ground. If you buy it right and then you list it for the right price, not for a … That all is going to have happen very quickly. In the end, it’s those constants that are tough. And what Jill’s referring to, we’ve done deals in two weeks from start to finish. With title insurance and the whole thing. … and with a smile on her face in about seven days. Because we’ve had title agents … We have one right now in one specific state that can get a deal done easily. So now you’ve taken out all the stress of 100% of it. So, you know it’s going to sell quickly, and it is. Well, I’m going to assume you bought it for a great price, because that’s what we do here, in a great area that has been vetted through the red, green, yellow test and the whole darn thing. So let’s very quickly take a look at the variables. In every deal, there’s constants and variables. Jill covered the sales part, as she always does. So let’s apply some deconstructive logic here. I never even get to post a property for sale. And I get calls and I’ll sell property with a sign on the ground. So one of the things that we also do too is put a stupid sign in the ground, as silly as this is. So when you own it, man, you can start marketing it right away. Get your drone stuff done and you have everything ready to go. So while you’re buying the property, you’re already getting the photographer out there. You’re in the process of buying the property. If you’re not doing this, please do this. I have deals still where I put a sign in the ground and you go out and take pictures, and you have your photographer. So, it’s funny because I still have it all over the place.
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Seems it’s been longer with the corona backing up everyone, combined with forbearance ending, to jumpstart more investors buying homes.” Is this home related or land related or anything related? Luke wrote, “I think it’s going to be interesting to start a poll for everyone’s average deal timeline from start to finish, meaning from the seller’s signature to the end of the buyer’s wire hitting the bank. And don’t forget to subscribe on the Land Academy Channel on YouTube and comment on the shows you like. Before we get into it, let’s take a question posted by one of our members on the online community. So, that’s what we’re going to talk about here. Would I do that my first week in the business? No. So this person, for whatever reason, that is within their comfort zone to send out a thousand mailers. I got five calls back after about two weeks.” And you can go back and listen to the question, and the first 10, five calls or whatever were from people that. Yesterday, we answered a question from a person who said, “I just sent out a thousand mailers. There’s nothing rational about anything that I do, is there?Actually, that’s a whole nother show. Well, that’s one of the reasons you’re the girl for me. What if I don’t want rational? I think I want through the roof growth. Today, Jill and I talk about rational growth and cashflow in your land business. I’m Steven Jack Butala.Īnd I’m Jill DeWit, broadcasting from the Valley of the Sun. Welcome to the Land Academy Show, entertaining land investment talk. Rational Growth and Cash Flow in the Land Business (LA 1644)