Land Investing is Not Sexy but Money Sure is (LA 892)
Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hello. Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit, broadcasting from sunny southern California. Steven Butala: Today, Jill and I talk about how land investing is not really that sexy, but making money sure is. Jill DeWit: This is from that conversation that I had with someone that was so darn funny. I love it. I'll share it more as we get into the meat of the show where it came from, but it was a good little story. Steven Butala: All the little subsections of niches that I've chosen in real estate since the early 90s, someone has said this sentence to me. "Oh, yeah, I understand you want to buy and sell nursing homes, but it's not that sexy." I'm like, I'm not sexy. I'm not trying to be sexy. I'm trying to make a bunch of dough. Jill DeWit: Love it. Steven Butala: It's pretty sexy when you're on the back of your yacht because you own a bunch of nursing homes. I'll tell you that. That's the whole point of this. Actually that's the whole show right there. Before we get into it, let's take a question posted by one of our members on TheLandInvestors.com online community. It's free. Jill DeWit: Jeff asks, "First, thank you in advance for advice and your response. I was looking at census data to find lower populated counties. Then I thought to myself, what would a good lower number, I would assume lower the better, but I could be mistaken, and should I be basing it off of the square miles? Like X amount of people in a square mile in the county? I know I would not be buying back tax properties as a priority, but I want to see how good/bad a county is with how many tax delinquent properties they have. My question is, how would I determine if a county has a high percentage based off of how many people live in the county of delinquent taxes? Thanks again for your help." Steven Butala: These are all incredibly intelligent questions, and all the answers are at a website that I put together called County Wise, and it was in response, like everything, in response to getting these types of questions. And the answer is, you know what this guy did, is he came up with by himself the three ways to pick a county of rural vacant land without actually seeing the program. Jill DeWit: I thought he was a member asking more information. Steven Butala: I mean, it seemed to me like- Jill DeWit: I could be wrong. Steven Butala: I mean he reinstated that, so either way, however you got to where you are, you're asking the absolute right questions. So delinquent tax information is on County Wise as are population densities census maps. So you're taking those two counts. You want a rural property, or you want to choose a rural county first of all, for rural vacant land. Once you've done that, they're color coded, so it's real easy. Once you've done that, you want to check the delinquent tax levels just like you're suggesting. I wouldn't do it in a per capita manner like you are, because the more delinquent properties there are in a county is not tied to population by any stretch. It's tied to economic situations and some things that went on with subdivisions in the 60s and 70s. Economic being like Detroit. There's tons of back tax property there, and subdivision 50s, 60s, 70s laws like there are in Mojave County, Arizona, where everything got subdivided according to the rules back then and there weren't any. Everybody just went and subdivided property. Crazy. If you enjoyed the podcast, please review it in iTunes . Reviews are incredibly important for rankings on iTunes. My staff and I read each and every one. If you have any questions or comments, please feel free to email me directly at Steven@BuWit.com The Buwit Family of Companies include: https://BuWit.com https://LandAcademy.com https://LandInvestors.com https://HouseAcademy.com https://Offers2Owners.com https://ParcelFact.com https://InfillReports.com https://TitleMind.com I would like to think it’s entertaining and informative and in the end profitable. And finally, don’t forget to subscribe to the show on iTunes.
Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hello. Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit, broadcasting from sunny southern California. Steven Butala: Today, Jill and I talk about how land investing is not really that sexy, but making money sure is. Jill DeWit: This is from that conversation that I had with someone that was so darn funny. I love it. I'll share it more as we get into the meat of the show where it came from, but it was a good little story. Steven Butala: All the little subsections of niches that I've chosen in real estate since the early 90s, someone has said this sentence to me. "Oh, yeah, I understand you want to buy and sell nursing homes, but it's not that sexy." I'm like, I'm not sexy. I'm not trying to be sexy. I'm trying to make a bunch of dough. Jill DeWit: Love it. Steven Butala: It's pretty sexy when you're on the back of your yacht because you own a bunch of nursing homes. I'll tell you that. That's the whole point of this. Actually that's the whole show right there. Before we get into it, let's take a question posted by one of our members on TheLandInvestors.com online community. It's free. Jill DeWit: Jeff asks, "First, thank you in advance for advice and your response. I was looking at census data to find lower populated counties. Then I thought to myself, what would a good lower number, I would assume lower the better, but I could be mistaken, and should I be basing it off of the square miles? Like X amount of people in a square mile in the county? I know I would not be buying back tax properties as a priority, but I want to see how good/bad a county is with how many tax delinquent properties they have. My question is, how would I determine if a county has a high percentage based off of how many people live in the county of delinquent taxes? Thanks again for your help." Steven Butala: These are all incredibly intelligent questions, and all the answers are at a website that I put together called County Wise, and it was in response, like everything, in response to getting these types of questions. And the answer is, you know what this guy did, is he came up with by himself the three ways to pick a county of rural vacant land without actually seeing the program. Jill DeWit: I thought he was a member asking more information. Steven Butala: I mean, it seemed to me like- Jill DeWit: I could be wrong. Steven Butala: I mean he reinstated that, so either way, however you got to where you are, you're asking the absolute right questions. So delinquent tax information is on County Wise as are population densities census maps. So you're taking those two counts. You want a rural property, or you want to choose a rural county first of all, for rural vacant land. Once you've done that, they're color coded, so it's real easy. Once you've done that, you want to check the delinquent tax levels just like you're suggesting. I wouldn't do it in a per capita manner like you are, because the more delinquent properties there are in a county is not tied to population by any stretch. It's tied to economic situations and some things that went on with subdivisions in the 60s and 70s. Economic being like Detroit. There's tons of back tax property there, and subdivision 50s, 60s, 70s laws like there are in Mojave County, Arizona, where everything got subdivided according to the rules back then and there weren't any. Everybody just went and subdivided property. Crazy. If you enjoyed the podcast, please review it in iTunes . Reviews are incredibly important for rankings on iTunes. My staff and I read each and every one. If you have any questions or comments, please feel free to email me directly at Steven@BuWit.com The Buwit Family of Companies include: https://BuWit.com https://LandAcademy.com https://LandInvestors.com https://HouseAcademy.com https://Offers2Owners.com https://ParcelFact.com https://InfillReports.com https://TitleMind.com I would like to think it’s entertaining and informative and in the end profitable. And finally, don’t forget to subscribe to the show on iTunes.