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Special Guest: Jim Adams –The Co-Founder and President of EquityProtect Points covered · The services EquityProtect provides · FBI Cybercrime Statistics · Difference between Equity Protect and other Home Title Lock Companies · Equity Protect Risk Analysis Biography Jim Adams has 23 years of Title and Escrow experience both as an employee and an owner. Throughout his career in title Jim held many positions as he worked his way up. Starting with sales and ultimately as the National Director of all customer facing technology for First American Title. Jim has also been the creator of many industry products that are used to this day in the title and escrow industry. Jim owns a title company based in Nevada. Website www.equityprotect.com Brought to you by the J.C. Cooley Foundation, "Equipping the Youth of Today for the Challenges of Tomorrow."#ItsYourLife #Talkshow #Podcast #Radio #equityprotectSupport the show: http://www.cooleyfoundation.org/See omnystudio.com/listener for privacy information.
Marketing a 135-year-old B2B brand comes with unique challenges. How do you honor rich history while embracing modern trends? And how can marketing shift from a cost center to a revenue driver in a traditional B2B environment?Chelsea Sumrow, CMO of First American Title and Insurance, joins Elena and Rob to tackle these questions head-on. She shares her strategy for transforming marketing at an established brand, balancing heritage with innovation, and proving marketing's value to the bottom line.Topics covered: [05:00] Starting with purpose, not logo redesigns[08:00] Building revenue attribution models in B2B[11:00] Breaking out of "rinse and repeat" marketing[13:00] Empowering teams to be good data storytellers[16:00] Connecting upper funnel activity to bottom line results[19:00] Using brand perception studies to drive strategy[22:00] Why Chelsea loses it over marketing dashboards[24:00] The value of moving from specialist to generalist roles To learn more, visit marketingarchitects.com/podcast or subscribe to our newsletter at marketingarchitects.com/newsletter. Resources: 2023 ResearchGate Article: https://www.researchgate.net/publication/370741969_EXPRESS_The_Achilles_Heel_of_Established_Brands_The_Effect_of_Brand_Age_on_Consumers'_Brand_Choice Get more research-backed marketing strategies by subscribing to The Marketing Architects on Apple Podcasts, Spotify, or wherever you listen to podcasts.
Navigating the complex landscape of title underwriting requires a deep understanding of legal nuances, historical records, and emerging risks. Join us as William O'Connell shares his expertise on the challenges and opportunities facing title professionals today. Discover how new technologies and legislative changes shape the industry and gain invaluable advice for staying ahead of the curve. What you'll learn from this episode The importance of underwriting in title insurance and why it's both an art and a science Key endorsements in title insurance and how to avoid common pitfalls How to handle complex title issues and prevent delays in transactions The role of legislation in shaping the title industry and what title agents need to know to stay compliant Best practices for title agents in staying organized and handling complex transactions Resources mentioned in this episode The 7 Habits of Highly Effective People by Stephen Covey | Paperback, Hardcover, and Kindle Outliers by Malcolm Gladwell | Paperback, Hardcover, and Kindle The Perfect Mile by Neal Bascomb | Paperback, Hardcover, and Kindle Parker89 About William O'Connell William joined First American Title in 2008 as Maryland State Counsel and was promoted to the additional position of South Atlantic Regional Underwriting Director in 2018. He oversees underwriting and affiliated responsibilities, including regulatory matters, processes, and communications. Prior to joining First American Title, he was general counsel of a large real estate brokerage and affiliated title company located in Maryland. His background also includes 12 years of experience as a general civil litigator in the State and Federal courts in Northern California; in six of those years, he litigated only title and escrow matters for a large national underwriter. He received a Bachelor of Science in journalism from the University of Maryland, a Juris Doctor from the University of San Francisco School of Law, and is licensed to practice law in Maryland, the District of Columbia, Virginia, and California. He is the president of the Maryland Land Title Association, chair of the Legislative Committee of the Real Property Section Counsel of the Maryland State Bar Association, and co-chair of the First American Railroad Practice Group. Connect with William Website: First American Title LinkedIn: William O'Connell Connect With Us Love what you're hearing? Don't miss an episode! Follow us on our social media channels and stay connected. Explore more on our website: www.alltechnational.com/podcast Stay updated with our newsletter: www.mochoumil.com Follow Mo on LinkedIn: Mo Choumil
Our special guest today is April Stopka, State Commercial Escrow Manager for First American Title. We discuss her role of supporting military veterans and first responders through assistance in the real estate purchase process, her military service as an Army reservist, the good work American First Title does in their community via "People First" initiatives and the impact of A.I. on business and society.When April is not at work, you can find her spending time with her family, lifting weights at the gym, playing golf, fulfilling her life's purpose in volunteering in charity organizations, and serving in any capacity as needed within her church community.Major Ed Pulido, U.S. Army (Ret.) is the founder of the John-Daly - Major Ed Heart of a Lion Foundation, co-founder of Warriors for Freedom Foundation, co-founder and former Sr. VP of the Folds of Honor Foundation, author of Warrior For Freedom, Challenge, Triumph, & Change. Major Ed has been awarded the Bronze Star with Valor, Purple Heart, Meritorious Service Medal and Joint Service Commendation and Achievement Metals during his 19-year Army career before medically retiring in 2005.Major Ed always says: "It's a great day to be an American!" Future episodes will feature celebrity guests, special friends, businessmen and women doing amazing things in their communities plus stories of trial and triumph. Major Ed tells stories of military families, community supporters and positivity from all over this great nation. https://www.majored.orghttps://www.jdme1991.orghttps://www.warriorsforfreedom.orgSponsored by First American Title: https://local.firstam.com/ok/offices/nichols-hills
Ross Hamilton is the founder of Connected Investor, which was sold to First American Title a little over a year ago. On today's show we are talking about some of the technology innovations that are coming to the world of real estate transactions. To connect with Ross, you can email him directly at ross@successcap.com. His charity is savinghomes.org which is doing amazing work to help people out of distress situations. ------------- Host: Victor Menasce email: podcast@victorjm.com
Join Nick Lamagna on The A Game Podcast with his guest Ross Hamilton, an author, entrepreneur and business owner who went from dumpster diving to financially free real estate investor worth millions. After becoming a semi-pro BMX rider he suffered an injury that caused him to stumble and fall into real estate at an early age where he quickly accumulated 50 properties using creative finance strategies paired with tenacity to succeed and motivation to be lazy! Ross took his profits and founded Connected Investors and Privatelenders.com creating a unique environment for real estate investors to connect as well as access legitimate lenders for their funding needs. Ross eventually sold his tech company to First American Title for $100 Million dollars and since then has drastically increased his portfolio buying over 200 homes in just one single year. Ross now gives back and is focusing on helping others in need for the next 20 years through his non-profits such as Savinghomes.org, helping solve the affordable housing crisis in our country. From doing triathlons and iron mans to listening to punk rock or selling his companies you will be on the edge of your seat for this wild journey to success Ross takes us on. He brings some extremely important information and predictions on the upcoming real estate market that all real estate investors are going to want to hear! Topics for this episode include: ✅ What is a short cut to success in real estate investing ✅ How to tell real from fake lenders in real estate ✅ How to build a real estate portfolio with little to no money ✅ How to put partnerships together for rental properties ✅ How is the blockchain going to change real estate investing ✅ The difference between hard money lenders and private money lenders ✅ How to be more attractive to a lender in real estate + More! See the show notes to connect with all things Ross! Connect with Ross: Ross@successcap.com savinghomes.org Ross Hamilton on LinkedIn Inside Guide To Funding Real Estate Investments --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers
Laura Kleinsmith from First American Title was on the show today. We were able to talk with her about the recent increase in fraudulent activity relative to home sales and title and what can be done to prevent it. We also talk about easements, which we see a lot of on the central coast. Whether it's utility easements, road easements or any other type, we talk about the importance of documenting the agreement, when they run with the land and when they don't, and how to find out. Contact Laura Thanks for listening! Please follow us on Instagram and Facebook. Email us with any question or comments.
Today we celebrate Major Ed's "Alive Day" of August 17th. On that date in 2004, Major Ed's Humvee was struck by a roadside bomb in the Iraq desert, leaving him seriously injured. He endured 17 operations, numerous hospital stays, amputation of his left leg, rehabilitative sessions and a diagnosis of traumatic brain injury with post-traumatic stress. Major Ed has since used his experience and faith to positively impact the world through motivational speaking, philanthropy and fundraising. Today you get the opportunity to hear Major Ed's story and how he's working to make the world a better place for our veterans, first responders, senior citizens and anyone in need through the work of his foundation.Major Ed Pulido, U.S. Army (Ret.) is the founder of the John-Daly - Major Ed Heart of a Lion Foundation, co-founder of Warriors for Freedom Foundation, co-founder and former Sr. VP of the Folds of Honor Foundation, author of Warrior For Freedom, Challenge, Triumph, & Change. Major Ed has been awarded the Bronze Star with Valor, Purple Heart, Meritorious Service Medal and Joint Service Commendation and Achievement Metals during his 19-year Army career before medically retiring in 2005.Major Ed always says: "It's a great day to be an American!" Future episodes will feature celebrity guests, special friends, businessmen and women doing amazing things in their communities plus stories of trial and triumph. Major Ed tells stories of military families, community supporters and positivity from all over this great nation. https://www.majored.orghttps://www.jdme1991.orghttps://www.warriorsforfreedom.orgSponsored by First American Title: https://local.firstam.com/ok/offices/nichols-hills
Host Tracy Woodrum welcomes back Matt Hudson of First American Title to discuss Title Insurance. (3rd of a 4 part series.)
Host Tracy Woodrum welcomes back Matt Hudson of First American Title to discuss Title Insurance. (2nd of 4 part series)
Host Tracy Woodrum welcomes back Matt Hudson of First American Title to discuss Title Insurance. (4th of 4 part series.)
Stacy Axan from First American Title joins us to discuss the differences between escrow and title, how title removes risk and ultimately, how it protects you and helps create wealth through real estate. Reach out to First AmericanThanks for listening! Please follow us on Instagram and Facebook. Email us with any question or comments.
In the first of a four-part series, host Tracy Woodrum welcomes Matt Hudson of First American Title.
Today Richard is joined by his guest Grant Alley. Grant is a Title Rep at First American Title and has been in the business for over 15 years. Topic #1, Richard and Grant dive into the importance of title insurance and helping you understand title nuances. Topic #2, Grant gives us a data dump on local South Bay information and even some off-market deals! And topic #3, Grant shares his most valuable advice that he has learned from his time in the business. For more South Bay real estate insights, subscribe to Richard's weekly blog at https://manhattanpacificrealty.com/blog/
This is Your Company not a Side Hustle (LA 1818) Transcript: Steven James Butala: Steve and Jill here. Jill K DeWit: Hello. Steven James Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill K DeWit: And I'm Jill DeWit, broadcasting from sunny Southern California. Steven James Butala: Today. Jill and I talk about how this is your company, not your side hustle. I love this topic. Jill and I were talking about it earlier, because we are really, for some reason in 2022 here attracting people that want to make a massive change in their life and make a bunch of dough. Jill K DeWit: The right people. Steven James Butala: Yeah. Instead of let's see what happens and I'm not sure. I just kind of want to make extra money on the side. Jill K DeWit: Right. I mean, I'm not going to be that serious about it, because I've got this going on, which I understand. Steven James Butala: I do too, and I love this level of commitment. Jill K DeWit: Yeah. Steven James Butala: This topic came out of a total different conversation Jill and I were having just in life about commitment and follow through. Jill K DeWit: Welcome to my world. Steven James Butala: What would you rather be talking about? Jill K DeWit: Where we're going for dinner tonight? That's what I'd rather be talking about, not commitment. Steven James Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free, and I hope you know by now Jill and I instruct a class, a 10 unit, 10 week class called Career Path, which is very specifically for the topic we're talking about today. If you want this to be your career, not necessarily your side hustle, this might be for you. Please check out support@landacademy.com and ask them all kinds of questions. Jill K DeWit: Cool. Nicholas wrote, "Question. I'm in the process of pulling a list from DataTree. When I'm messing with the filters, there's a change in the numbers. When I change the living area square foot and the assessed improvement, the assessed improvement gives me a smaller number than the living area. Do I keep both filters on or just one?" Steven James Butala: Nicholas, I know you're new, and I put this question in here for the benefit, obviously, of everyone. I can tell by this type of question you're going to do very, very well at this. This is a very extremely intelligent question for a new person and I will explain. I'll answer your question. In DataTree, which is owned by First American Title, they were all nice enough to write an amazing piece of software that gives us really organized access to an assessor's data base. That's what we're looking at. There are 3,200- Jill K DeWit: 3,144- Steven James Butala: 3,100- Jill K DeWit: Roughly, approximately- Steven James Butala: 3,124- Jill K DeWit: Counting some parishes. Steven James Butala: Townships, like Jill said, counties and in Louisiana parishes that generate their own little database to make sure that they can have control over and they can effectively tap property tax areas, property in their jurisdiction. And so during the course of that, if you can imagine, most assessors are elected. And so they have a time and then they leave, and then another one gets elected, and so they go in and so... Each assessor manages that data based on how important it is to them, or how important it is to their board of supervisors. Jill K DeWit: And there's no... What am I trying to say? Lists of qualifications I think they have to have going into it, like I have a PhD in tax history. Steven James Butala: I mean, or- Jill K DeWit: Pretty sure that I wish they would, but I'm pretty sure they don't. Steven James Butala: Do you look good in a cowboy hat seems to be one of the criteria for assessors, which I kind of respect. There should be, in my opinion, maybe, can you pass an eighth grade math test? Jill K DeWit: That would be nice.
This is Your Company not a Side Hustle (LA 1818) Transcript: Steven James Butala: Steve and Jill here. Jill K DeWit: Hello. Steven James Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill K DeWit: And I'm Jill DeWit, broadcasting from sunny Southern California. Steven James Butala: Today. Jill and I talk about how this is your company, not your side hustle. I love this topic. Jill and I were talking about it earlier, because we are really, for some reason in 2022 here attracting people that want to make a massive change in their life and make a bunch of dough. Jill K DeWit: The right people. Steven James Butala: Yeah. Instead of let's see what happens and I'm not sure. I just kind of want to make extra money on the side. Jill K DeWit: Right. I mean, I'm not going to be that serious about it, because I've got this going on, which I understand. Steven James Butala: I do too, and I love this level of commitment. Jill K DeWit: Yeah. Steven James Butala: This topic came out of a total different conversation Jill and I were having just in life about commitment and follow through. Jill K DeWit: Welcome to my world. Steven James Butala: What would you rather be talking about? Jill K DeWit: Where we're going for dinner tonight? That's what I'd rather be talking about, not commitment. Steven James Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free, and I hope you know by now Jill and I instruct a class, a 10 unit, 10 week class called Career Path, which is very specifically for the topic we're talking about today. If you want this to be your career, not necessarily your side hustle, this might be for you. Please check out support@landacademy.com and ask them all kinds of questions. Jill K DeWit: Cool. Nicholas wrote, "Question. I'm in the process of pulling a list from DataTree. When I'm messing with the filters, there's a change in the numbers. When I change the living area square foot and the assessed improvement, the assessed improvement gives me a smaller number than the living area. Do I keep both filters on or just one?" Steven James Butala: Nicholas, I know you're new, and I put this question in here for the benefit, obviously, of everyone. I can tell by this type of question you're going to do very, very well at this. This is a very extremely intelligent question for a new person and I will explain. I'll answer your question. In DataTree, which is owned by First American Title, they were all nice enough to write an amazing piece of software that gives us really organized access to an assessor's data base. That's what we're looking at. There are 3,200- Jill K DeWit: 3,144- Steven James Butala: 3,100- Jill K DeWit: Roughly, approximately- Steven James Butala: 3,124- Jill K DeWit: Counting some parishes. Steven James Butala: Townships, like Jill said, counties and in Louisiana parishes that generate their own little database to make sure that they can have control over and they can effectively tap property tax areas, property in their jurisdiction. And so during the course of that, if you can imagine, most assessors are elected. And so they have a time and then they leave, and then another one gets elected, and so they go in and so... Each assessor manages that data based on how important it is to them, or how important it is to their board of supervisors. Jill K DeWit: And there's no... What am I trying to say? Lists of qualifications I think they have to have going into it, like I have a PhD in tax history. Steven James Butala: I mean, or- Jill K DeWit: Pretty sure that I wish they would, but I'm pretty sure they don't. Steven James Butala: Do you look good in a cowboy hat seems to be one of the criteria for assessors, which I kind of respect. There should be, in my opinion, maybe, can you pass an eighth grade math test? Jill K DeWit: That would be nice.
This is Your Company not a Side Hustle (LA 1818) Transcript: Steven James Butala: Steve and Jill here. Jill K DeWit: Hello. Steven James Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill K DeWit: And I'm Jill DeWit, broadcasting from sunny Southern California. Steven James Butala: Today. Jill and I talk about how this is your company, not your side hustle. I love this topic. Jill and I were talking about it earlier, because we are really, for some reason in 2022 here attracting people that want to make a massive change in their life and make a bunch of dough. Jill K DeWit: The right people. Steven James Butala: Yeah. Instead of let's see what happens and I'm not sure. I just kind of want to make extra money on the side. Jill K DeWit: Right. I mean, I'm not going to be that serious about it, because I've got this going on, which I understand. Steven James Butala: I do too, and I love this level of commitment. Jill K DeWit: Yeah. Steven James Butala: This topic came out of a total different conversation Jill and I were having just in life about commitment and follow through. Jill K DeWit: Welcome to my world. Steven James Butala: What would you rather be talking about? Jill K DeWit: Where we're going for dinner tonight? That's what I'd rather be talking about, not commitment. Steven James Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free, and I hope you know by now Jill and I instruct a class, a 10 unit, 10 week class called Career Path, which is very specifically for the topic we're talking about today. If you want this to be your career, not necessarily your side hustle, this might be for you. Please check out support@landacademy.com and ask them all kinds of questions. Jill K DeWit: Cool. Nicholas wrote, "Question. I'm in the process of pulling a list from DataTree. When I'm messing with the filters, there's a change in the numbers. When I change the living area square foot and the assessed improvement, the assessed improvement gives me a smaller number than the living area. Do I keep both filters on or just one?" Steven James Butala: Nicholas, I know you're new, and I put this question in here for the benefit, obviously, of everyone. I can tell by this type of question you're going to do very, very well at this. This is a very extremely intelligent question for a new person and I will explain. I'll answer your question. In DataTree, which is owned by First American Title, they were all nice enough to write an amazing piece of software that gives us really organized access to an assessor's data base. That's what we're looking at. There are 3,200- Jill K DeWit: 3,144- Steven James Butala: 3,100- Jill K DeWit: Roughly, approximately- Steven James Butala: 3,124- Jill K DeWit: Counting some parishes. Steven James Butala: Townships, like Jill said, counties and in Louisiana parishes that generate their own little database to make sure that they can have control over and they can effectively tap property tax areas, property in their jurisdiction. And so during the course of that, if you can imagine, most assessors are elected. And so they have a time and then they leave, and then another one gets elected, and so they go in and so... Each assessor manages that data based on how important it is to them, or how important it is to their board of supervisors. Jill K DeWit: And there's no... What am I trying to say? Lists of qualifications I think they have to have going into it, like I have a PhD in tax history. Steven James Butala: I mean, or- Jill K DeWit: Pretty sure that I wish they would, but I'm pretty sure they don't. Steven James Butala: Do you look good in a cowboy hat seems to be one of the criteria for assessors, which I kind of respect. There should be, in my opinion, maybe, can you pass an eighth grade math test? Jill K DeWit: That would be nice.
If you have a deed in a drawer - and the government doesn't know about it - does it legally count? Well, *puts on real-estate goggles* it depends. This week, Rachele is joined by Zach Bux, sales representative for First American Title, to talk about one of the most frequently misunderstood aspects of real estate: title insurance. Zach is here to help home owners and agents stay out of trouble by sharing his insight.Speaking of, Zach also talks about how he landed in “the accidental profession” of title insurance, honoring the Golden Rule, learning to close, ostriches, and much more, on Episode 97, out now!Show Links:YOU KNOW We'll break it down for you.SO MANY QUESTIONS YOU DIDN'T EVEN KNOW TO WORRY ABOUT!!!Join us!Don't worry, Cassandra and I will over-explain everything & we'll take your questions - Post in the comments and we'll do our best to answer!Welcome to the AgentRx & CEO Lender Show.Rachele Evers Contacts:Website: https://www.agentrx.netFB: @AgentRacheleIG: @agentracheleLN: https://www.linkedin.com/company/76600293/Phone: 810-923-5421Cassandra Evers Contacts:Website: www.ceolender.comFB: https://www.facebook.com/ceolenderEmail: cassandra@ceolender.comPhone: 269-207-2193Guest LinksZach's LinkedIn: https://www.linkedin.com/in/zacharybux/ Learn more about Zach's work: https://www.firstam.com/rep/zbux/index.html
Josh interviews wife, mother, and leader Jessica Duty with First American Title & First American Home Warranty. Jessica shares her career, how she encourages her kids, and how she always tries to show grace.
Senior VP of First American Title, George Sines, sits down with Barry Saywitz to discuss many of Orange Counties hot topics in the commercial insurance industry and what we might see in the near future.
What is title insurance and why do you need it? Today we're talking with Susan Pastoor from First American Title about title in the world of Real Estate. Susan has some great stories from her years working with First American that you don't want to miss! Get more from May Group Realtors at http://marketgrandrapids.com or over on Instagram @maygroupgr.
This week Matt Hudson, Title Expert with First American Title, explains the different ways you can hold title to real property in Michigan.
Join us as we sit down with Jennifer Peterson of First American Title to discuss - Title 101. We'll cover the basics and dive into the nitty-gritty: - What is title? - What are the different title insurance policies available? - What is a title company's role in a transaction? - What are some common "red flags" on title reports? And more! Connect with us here: Instagram: https://www.instagram.com/urbanashteam Facebook: https://www.facebook.com/UrbanAshley LinkedIn: https://www.linkedin.com/company/urbanashteam Twitter: https://twitter.com/urbanashteam Website: http://www.urbanash.com
Basically, title insurance is an extremely important part of any real estate transaction. It helps indentify title issues when taking a listing and before closing the deal. Greg Ives of First American Title joins Jeffrey Rutkowski to dive deeper into this topic. Together, they discuss the importance of aligning with a reliable title company, how to carefully review a title report for the first time, and the best approach to Covenants, Conditions, and Restrictions (CC&Rs). Greg also talks about the advantages of executing a binder on your title insurance, specifically in saving a huge amount of money.
Host Tracy Woodrum welcomes Matt Hudson, Title Expert with First American Title, who explains the difference between foreclosures and short sales and what is an REO property.
Title professional and attorney John Friedman, joins Jason to discuss if the title to your house can really be stolen. Buying a property can be the biggest investment you make. It is therefore only natural that you would want to make sure that your title to your house is fully protected. John Friedman is a New Jersey State Council at First American Title. Tune in until the end to learn: Why it is not easy (but possible) for someone to steal the title to your house. What happens to you if someone steals the title to your house. What you can do to fully protect yourself from having the title to your house stolen. Timestamps [00:30] Who is John Friedman, Esq.? [00:53] Have you heard the ads about the title of your house getting stolen? [01:33] The protections in place that prevent people from stealing the title to your property. [02:33] Can your property get stolen despite the protections in place? [03:39] What happens if someone actually gets a mortgage on your property? [05:48] Is standard title insurance enough to protect your title? [09:54] Who is eligible for enhanced title insurance and how much is it? [10:27] How can you get in touch with First American Title? 3 Key Takeaways There are many protections in place preventing people from stealing the title to your property. Title insurance companies evaluate real estate transactions carefully and determine who the owner of the property is. Buyers also need notaries to be involved when buying property, and it is a notary's job to verify that each person in the transaction is who they say they are. Sometimes, it does indeed happen that the title to your property gets stolen. Sometimes, the lender doesn't require title insurance and/or the notary is on it (the perfect storm). If someone buys the title to your property in an invalid way, they won't be able to put you on the street. The issue now is that you would have a cloud on the title that you would have to clean up. The question is, who pays for it? Buying enhance title insurance can cover your back in such scenarios. Useful Links Connect with John Friedman: https://www.linkedin.com/in/jonathan-friedman-esq-42b70829/ (LinkedIn )| https://www.firstam.com/ (First American Title Website) Connect with Jason Gabrieli: https://www.linkedin.com/in/jasongabrieli (LinkedIn) | Email Like what you've heard… Learn more about HFM https://hfmadvisors.com/working-with-hfm (HERE) Schedule time to speak with us https://calendly.com/hfminquirycall/360 (HERE) Open an HFM Ignite account https://hfmadvisors.com/ignite (HERE)
Today we're talking everything you need to know about title and escrow! What does that even mean? Well listen up! Colleen Sullivan and Kortney Thorson of First American Title tell us everything about why you need title insurance, what is title insurance, and how they fit into a transaction.
Taxpayer Alert! is a Public Information program produced at the Calaveras County Public Access TV Studio.
In this SPECIAL EDITION episode, Mary talks with Mark Lowery, Editorial Director at October Research, who lends his expertise in unpacking their 2021 State of the Industry report. This free download offers key insight about what 2021's story will be. You can reach Mark via email at mlowery@octoberresearch.com.During the interview, Mary and Mark mention:October Research recently published their 2021 State of the Industry report.Industry underwriters, Old Republic Title, Fidelity National Title Group, and First American Title recently published their earnings reports. The newly appointed, but not yet confirmed, CFPB director is expected to be Rohit Chopra. Read more about him in this article.The CFPB filed a lawsuit against Townstone Financial Inc., a Chicago-based nonbank retail-mortgage creditor.RON and RIN are key points of interest in this year's report. ALTA has created a Digital Closing Resource Library, including information on Federal and State legislation. You'll also want to check out this eClosing article from RamQuest!The Federal Housing Finance Agency released an eMortgages Report in September of 2020.Data Privacy is a major industry topic. Mark mentions the California Consumer Privacy Act, which you can read about in this article.Mark highlighted October Research's RESPA News publication.If you're following student loan reform, like Mark, here's a recent article on the subject.Redfin recently reported a record 52% of homes are under contract within 2 weeks.On the topic of forbearance and foreclosure, Mark mentions reading they are at an all time low. Here's an article confirming the same and this report from the FHFA speaks to the impact of pandemic-relate Forbearance and Foreclosure relief for single-family mortgages.Mary and Mark discuss the CLOSINGCORP/STRATMOR SURVEY regarding pandemic-period remote loan closings. Mark references a report that HUD is working to reallocate commercial real estate for residential space. This article offers an overview of this adaptive concept. Mark and Mary talk briefly about the Detroit Home Mortgage project, launched after the early aught recession, as a collaborative effort of local and national banks, foundations, and nonprofit groups. Read more about that here.If you'd like to contact the Pandemic Podcast, email podcasts@ramquest.com. Don't forget to subscribe, rate, and review this podcast on Apple Podcast, Spotify, or wherever you listen to podcasts, or visit RamQuest.com/pandemicpodcast to download the latest episode. Lastly, we love to see when and how you're listening. Share our posts, or create your own and tag them: #PandemicPracticesPodcast
Today we will uncover the most often overlooked critical detail when it comes to closing on your next deal. Skipping this one detail could cost you thousands of dollars and possibly result in you losing ownership of the property you intend to buy. I am talking about the details found in your title insurance commitment, precisely the info found in section B 2 of the commitment where exceptions to title insurance coverage are listed. Before we dive in, I’d like to briefly explain what title insurance is and why you need it. Title insurance is designed to protect a buyer of real estate if any past issue relating to the marketability of title has been overlooked over the entire history of ownership for that particular property. Title insurance only protects you in the event of PAST title issues, not future ones. It’s designed to protect you from problems that may arise from things that happened before buying the property. By the way, when I say “property,” I mean any real estate where ownership transfers whether it be residential or commercial, vacant land, whatever. What’s an exception? An exception is a specific item set forth that is not covered by the policy, which is excluded from coverage. STANDARD EXCEPTIONS. Every commitment has standard or regional exceptions. The traditional Owner's Policy will not cover any defects in title, losses, or claims, which fall within the standard exceptions. Here are some examples of standard exceptions found on title insurance commitments: Municipal Liens (for things such as water, sewer, garbage service unpaid bills) Assessments for Water, sewer, streetlight, drainage, or other types of improvements arranged for by your local government. Unpaid Property Taxes Federal Tax Liens Court Judgments Foreclosure Proceedings Fines Rights of tenants as about specific unexpired lease backed rights Encroachments Boundary Issues Restrictive covenants such as deed restrictions or other restrictions that pertain to the use of the land Child Support Liens Please note that the actual value of any property, regardless of use, lies in the marketability of its title. To get a copy of a free cheat sheet put out by First American Title, go to cashflowguys.com/title If you buy any real estate piece without first obtaining Title Insurance, you are taking a huge risk! In many cases, if you buy a property from a wholesaler with a double close, you will not receive title insurance for the purchase, meaning you are entirely uninsured against issues from the past cropping up and ripping you off. In a perfect world, your Realtor should be reviewing the title commitment with you if you are buying a property. If you are not working with a Realtor, then understand that the title company or closing Attorney is usually NOT required by any law (per se) to review these items with you or to call your attention to them. However, they must provide a copy to you, often buried in a mountain of other documents. Sometimes these issues will prevent a lender from originating a new loan that uses the property in question as collateral. If issues are found and NOT listed as exceptions to coverage, the title insurance policy will pay for legal expenses and any other related expenses to correct the title issue if it impacts the marketability of the title. When reviewing this document before closing, you can see that the title company and seller clear all the exceptions before closing. Once the issues are corrected, be sure to either have a replacement title commitment created or insist that the one with the problem documented be “marked up” and signed off by the title closing agent/attorney. Once the item has been either removed or marked upon the commitment, you will have insurance protection if it comes up again as it relates to the marketability of the title.
You have always wondered, ¿what is a title insurance and how important is? we had the pleasure of interview a guest with experience on the topic. One of the best in California.
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by Melissa Koch, co-founder and CEO of InFront Compliance. We visit about the issues she is seeing for FinTech in new normal of Covid-19 and going forward. We also consider the state of New York enforcement action involving First American Title and its implications going forward. InFront is a next-gen online assessment and reporting platform focused on reducing risk and simplifying compliance for highly regulated entities, such as our nation's supply chain and financial institutions. Founded by seasoned technology lawyers with a deep understanding of the fast-evolving regulatory landscape, InFront offers a secure digital solution built on extensive expertise and an intuitive interface that is accessible across all stakeholders. You can check out their website, here.
https://youtu.be/nM-SwF7sbuEPassion First Podcast Episode 040, Season 4: Kyle Snyder: Appraisals, Title Co & Understanding Real Estate StatsPublished Date: 10/13/2020 Guest: Kyle Snyder uses his nearly 20 years in the real estate business and a lifetime as a community influencer to help new and experienced Real estate professionals grow their business and income through his unique approach as a small business consultant. Kyle is a top Account Executive at First American Title and he also has experience as a real estate investor, appraiser as well as the Chairman of the Board for the Longmont CO Chamber of Commerce. Kyle made his mark in the real estate business through his monthly real estate stats report that he's been publishing since 2007. His stats have been published in local, state, and national publications and are distributed around the world. Contact info:720-534-8355ksnyder@firstam.comhttps://www.facebook.com/LongmontTitleBook Recommendations: Outliners: https://amzn.to/2zo5hNN The Passion First Podcast:Explore what creates financial freedom, what turns passion into purpose, and what habits lead to a successful life. Studying the science of success and the tools, systems, mindsets, and strategies of other business owners, investors, and entrepreneurs just like you so we can model their habits and strategies. Subscribe, like, and share the channel with a friend. If you have any questions regarding real estate or podcasting please reach out! For anyone pursuing a purposeful and passion-filled life, this show is for you, and for anyone passionate about real estate, investing, and growing their own business this is the podcast for you! Halo Group- Real Estate Advisors: https://linktr.ee/HaloGroupREYouTube: http://bit.ly/YouTubeAustinHartleyInstagram: @AustinJamesHartleyPodcast: The Success ScienceLinkTree: https://linktr.ee/AustinjHartleyWebsite: https://www.halogroupre.com/
Our guest’s name is Kadie Ryherd. She is an Escrow Officer in First American Title in Overland Park, Kansas.Obtaining title insurance is an important part of purchasing a piece of real estate. Title insurance protects you as the buyer from any issues that may arise during a transfer of ownership. On today's show, we're diving into the world of title insurance! You'll learn about the different types of title insurance, how to get title insurance, as well as who pays for the policy. We'll talk about different issues that could arise beyond the title search, and how title insurance can protect you in those instances!"Real Estate U with Lettiann" - Season 3. Episode 13.Feel free to reach out to Lettiann with questions or comments:Lettiann@Lettiann.com816-898-5477https://Lettiann.comFollow and connect with us here for more cool stuff:Instagram: https://www.instagram.com/lettiann_realestate/Facebook Page: https://www.facebook.com/lettiannandassociates/Twitter: https://twitter.com/lettiann1LinkedIn: https://www.linkedin.com/in/lettiannmogentalebetts/
In this episode, I take a deep dive into the first cyber-security enforcement action brought by the state of New York, Department of Financial Services. It was against First American Title. In this exploration I am joined by Jordan Arnold, the Chief Innovation Officer at K2 Intelligence FIN. He is the founder and Global Chair of K2 Intelligence’s Private Client Services practice, which provides privacy and security services to ultra and high net worth families and clients in the entertainment, music, and sports industries and Surjeet Mahant, Managing Director in K2 Intelligence FIN’s Financial Crimes Risk and Compliance practice, where he leads cyber risk services. With over 20 years of experience in cybersecurity and privacy risk solutions for large institutions, Surjeet assists clients in developing the tools and strategies needed to protect the confidentiality of their data, the availability of their systems, and the integrity of their operations. Some of the highlights include: Overview of the enforcement action; What are the broader consequences for the industry; significance of regulation/action; need for proactive actions; What is the DFS and why is it regulating an insurance company around cyber? Why has cyber become a part of the broader compliance conversation? What specific steps can entities take to mitigate a violation or breach of data? What can entities expect in the future from regulators in the cyber space? For more information on K2 Intelligence FIN, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week we speak with Laurie Wilson of First American Title, about the home building title industry and life in Houston!
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt and Tom go into the weeds to look at the first Cybersecurity breach case brought by the state of New York’s Department of Financial Services. Some of the highlights include: What is the DFS? What is Reg 500, Cyber Rules? What were the First American comedy of errors? CISO disavowed ownership of the issue, stating, among other reasons, that such controls were not the responsibility of respondent’s information security department. No training for new employee charged with remediation. First American said it did nothing wrong. Resources See Matt’s blog post, Parsing DFS’ First Cybersecurity Case on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices
What You Will Learn: How to connect with the right people to reach your expansion goals faster In the latest episode of GWP’s Constructing Brands podcast, we speak with Jeffrey Greif, Executive Vice President at First American Title Insurance Company. If you are looking for real estate opportunities to expand your business, you don’t have to bear the risk on your own. Jeffrey shares his experience helping leaders in the building industry with networking, and finding partners with like minded interests to reach their expansion goals faster, without enduring the risk on their own. In this podcast we discuss the importance of networking, ways to accelerate expansion, and how we can help you get in front of your target audience. About Jeffrey Greif Jeffrey Greif is the Executive Vice President at First American Title Insurance Company. As a professional salesman in the real estate title insurance industry since 1987, Jeffrey assists his clients and friends in building their businesses, with less liability. First American Title Insurance Company provides full service commercial and residential real estate title services regionally, nationally, internationally. Jeffrey’s specialty is helping his clients network with one another in order to facilitate real estate transactions. Resources: Website: https://www.firstam.com/ LinkedIn: https://www.linkedin.com/in/jeffreygreif/ Facebook: https://www.facebook.com/First.American.Financial
Bryan's guests today are from First American Title - a dream team of sorts, Nikki Lam, Lexi Hutchings, and Beth Sando. The show started out catching up on what's been going on with Bryan for the past month and then they all gave a wonderful explanation about Title in a real estate transaction. Our co-producer, Susan Finch, said it was great to have it explained to someone NOT in the industry. The group morphed into a conversation about the importance of partnerships, rather than strictly vendor/client relationships - be invested. Tune in to listen to it all.
How to Turn a Hate Call into a Love Call (LA 1118) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hi. Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala Jill DeWit: And I'm Jill DeWit broad casting from sunny Southern California. Steven Butala: Today, Jill and I talk about how to turn a hate call into a love call. Guess whose show this is? Jill DeWit: Could you imagine, what would your title be if it was your show? Steven Butala: Why data is important. Jill DeWit: Oh, I would say how to turn a hate call into a- Steven Butala: Hang up. Jill DeWit: There you go. Perfect. Awesome. Who would hang up first? Steven Butala: Oh I would. I devised, this is funny, one time, this is long before you came came aboard. I devised, before there were tree systems, you know, "Press one." So we devised this whole thing about, "If you don't want our offer, press one. If you do want to accept our offer, press two." And we still got tons of property. But I look back on that now and I'm like, "Wow, we probably lost a lot of deals." Because I hear you on the phone. Yeah, I mean that's what this whole show's about. This whole episode is all about how Joe takes someone who's ready to just beat us over the head because of the offer we sent into a transaction. Jill DeWit: Right. Into something that we actually buy and everybody's happy. Steven Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. Jill DeWit: Lee asks, "Hey, all I have a lot. My wife and I recently inherited locally that I'm going to sell. My question is everything I look that the lot line runs right through the neighbor's house. This lot was previously owned by a family friend who built the house and owned both lots. I've checked Google Earth, Google Maps, parcel fact, and also First American Title, that I have access to, and they all show the same thing. Are they all using incorrect data or is the house straddling the lot lines? Thanks." Steven Butala: So this is really an interesting and timely question because I'm scouring some back tax property right now because I'm training two people internally, two young guys, to kind of take this over for me so I don't have to do it anymore. And yeah, I mean there's a lot of property that it's on the back tax lists where there's a house and it's smack in the middle on a line between two lots. And so what ends up happening is that through the years, there's no mortgage on the property. So if there was, the mortgage company would figure this out and rectify it. Steven Butala: But the person gets a tax bill, whoever's living in the . maybe somebody died and the kids live there now or something. But they don't know the whole story. They get a tax bill and they pay it and they think the lot is, they just think it's their house. It's a very logical thing. And so the other one just doesn't get paid. They don't know what that is. And so it goes back to the taxes. So this is actually a lot more common than people think. We see this all the time. So what do you do? Is that the question here? Jill DeWit: Yeah. Well I guess the question, "Is could this be an answer?" Yes, it could be. It could be exactly what you think. Steven Butala: It's not crazy common, but it happens all the time. Jill DeWit: What you are pulling up is very, very likely true, that the house is built right down the middle and nobody expected them to divide the property exactly in half or they wouldn't h...
How to Turn a Hate Call into a Love Call (LA 1116) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hi. Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala Jill DeWit: And I'm Jill DeWit broad casting from sunny Southern California. Steven Butala: Today, Jill and I talk about how to turn a hate call into a love call. Guess whose show this is? Jill DeWit: Could you imagine, what would your title be if it was your show? Steven Butala: Why data is important. Jill DeWit: Oh, I would say how to turn a hate call into a- Steven Butala: Hang up. Jill DeWit: There you go. Perfect. Awesome. Who would hang up first? Steven Butala: Oh I would. I devised, this is funny, one time, this is long before you came came aboard. I devised, before there were tree systems, you know, "Press one." So we devised this whole thing about, "If you don't want our offer, press one. If you do want to accept our offer, press two." And we still got tons of property. But I look back on that now and I'm like, "Wow, we probably lost a lot of deals." Because I hear you on the phone. Yeah, I mean that's what this whole show's about. This whole episode is all about how Joe takes someone who's ready to just beat us over the head because of the offer we sent into a transaction. Jill DeWit: Right. Into something that we actually buy and everybody's happy. Steven Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. Jill DeWit: Lee asks, "Hey, all I have a lot. My wife and I recently inherited locally that I'm going to sell. My question is everything I look that the lot line runs right through the neighbor's house. This lot was previously owned by a family friend who built the house and owned both lots. I've checked Google Earth, Google Maps, parcel fact, and also First American Title, that I have access to, and they all show the same thing. Are they all using incorrect data or is the house straddling the lot lines? Thanks." Steven Butala: So this is really an interesting and timely question because I'm scouring some back tax property right now because I'm training two people internally, two young guys, to kind of take this over for me so I don't have to do it anymore. And yeah, I mean there's a lot of property that it's on the back tax lists where there's a house and it's smack in the middle on a line between two lots. And so what ends up happening is that through the years, there's no mortgage on the property. So if there was, the mortgage company would figure this out and rectify it. Steven Butala: But the person gets a tax bill, whoever's living in the . maybe somebody died and the kids live there now or something. But they don't know the whole story. They get a tax bill and they pay it and they think the lot is, they just think it's their house. It's a very logical thing. And so the other one just doesn't get paid. They don't know what that is. And so it goes back to the taxes. So this is actually a lot more common than people think. We see this all the time. So what do you do? Is that the question here? Jill DeWit: Yeah. Well I guess the question, "Is could this be an answer?" Yes, it could be. It could be exactly what you think. Steven Butala: It's not crazy common, but it happens all the time. Jill DeWit: What you are pulling up is very, very likely true, that the house is built right down the middle and nobody expected them to divide the property exactly in half or they wouldn't h...
We sat down with Ben Hsu from First American Title and fills you in on quick tips and common errors he sees from clients that can help you avoid a delay when closing the sale of your new home. Sit back, relax and let our title expert help you with these quick and easy tips.
Hey Everyone! www.SunCityRL.com Sun City Center, Florida is a premier 55+ community. Nestled between Tampa and Sarasota on the west coast of Florida, Sun City residents enjoy ALL that Florida is known for. With over 100 clubs, five golf courses and daily activities available, Sun City residents can choose to be as active as they want to be. With plenty of sunshine and warm temperatures throughout the year, Sun City residents LOVE Retirement life! We have a team of specialists ready to make Sun City Center, Florida YOUR Retirement home. Sheila Sanford is our local Realtor with Keller Williams South Shore. Sheila is a Senior Real Estate Specialist, who has received extensive training in helping 55+ home buyers and sellers. Sheila understands that the decision to move can be stressful and she can help you navigate your choices, while serving as a resource and guide. Go to the Sun City Retirement Life website for this week's featured property at - www.SunCityRL.com/properties Ready to MOVE to Sun City Center? Call Sheila at 813-629-7589 It's Tuesday....and that means it's Podsquad Tuesday! www.SunCityRL.com Podsquad Tuesday is when I interview one of the experts from our Real Estate squd, to answer all of your questions about buying & selling your home. Today.... we are answering a question from Margaret, who lives in Atlanta, Georgia. Margaret asks...... What is Title Insurance and WHY Do I Need it? Since I don't know anything about Title Insurance Margaret, I am turning this over to our Podsquad expert.....Renae Allison. Renae Allison is the Escrow Manager for First American Title, right here in Sun City Center. Renae performs many tasks when she is assisting you with Title Services. Some of the tasks she performs are: a. A Title Search b. Acts as an Escrow Agent, holding deposit & other payments, until the transaction is completed. c. Issues Title Insurance, for the Buyer & the lender, which protects you against any claims or issues with the property. d. Orders property surveys e. Acts as a "closing agent," at the closing. Renae Allison answers the following questions during today's interview: What does a Title Company Do? Do I NEED Title Insurance? What are some issues that a Title Search would discover on a property? What are some "hidden" issues a complete title search would reveal? What does a closing agent do? Does a Survey have to be completed for EVERY property? What are the average costs for a Title Search and Insurance? Can someone get a mortgage without buying Title Insurance? If you're purchasing a home in the Sun City Center, Florida area, contact Renae Allison at First American Title! Renae Allison - Escrow Manager 1647 Sun City Center Plaza Suite 204F Sun City Center, FL 33573 Phone: 813-498-4781 Email: RAllison@FirstAM.com www.SunCityRL.com Sun City Center, Florida is a premier 55+ community. Nestled between Tampa and Sarasota on the west coast of Florida, Sun City residents enjoy ALL that Florida is known for. With over 100 clubs, five golf courses and daily activities available, Sun City residents can choose to be as active as they want to be. With plenty of sunshine and warm temperatures throughout the year, Sun City residents LOVE Retirement life! We have a team of specialists ready to make Sun City Center, Florida YOUR Retirement home. Sheila Sanford is our local Realtor with Keller Williams South Shore. Sheila is a Senior Real Estate Specialist, who has received extensive training in helping 55+ home buyers and sellers. Sheila understands that the decision to move can be stressful and she can help you navigate your choices, while serving as a resource and guide. Go to the Sun City Retirement Life website for this week's featured property at - www.SunCityRL.com/properties Ready to MOVE to Sun City Center? Call Sheila at 813-629-7589 Diane Daniels is a Medicare expert, who consults with Medicare beneficiaries across the United States. Diane knows Medicare can be complicated and she takes the time and patience to ensure you will make a sound decision in finding the Medicare plan that fits your unique needs. Questions about Medicare? Call Diane at 813-731-1237 Or..... Go to our website at www.SunCityRL.com/contact to learn more. Sun City Center, FL 33573 is ALL about Retirement Call 855-855-7266, or go to www.SunCityRL.com to learn more about Sun City Retirement Life. Thanks for listening to today's episode! We'd love for you to SUBSCRIBE to Sun City Retirement Life, so you don't miss out on all our timely information! If you found our content helpful, give us a 5 Star Rating and Review on Apple Podcasts! The more Reviews we get, the more people will find Sun City Retirement Life Podcast! Thanks again and we'll see you next week! Diane Daniels Medicare Expert www.TheMedicareNation.com
Our In-House Title Escrow Company is COMING SOON (028) Steven Butala: Steve and Jill here. Jill DeWit: Hello. Steven Butala: Welcome to the House Academy show. Entertaining real estate 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 our in house title escrow company and how it's coming soon. Jill DeWit: Oh yep. Steven Butala: Actually it's been around for a while. Jill DeWit: Yep. Steven Butala: It was so popular we had to turn it off. Jill DeWit: Yep. Steven Butala: Jill's going to explain it all. Jill DeWit: Yep. Steven Butala: We're bringing it back. House Academy is not that old. We're bringing it back. It's the single most requested tool that we have. Where is Title Mind? Where is it, what happened? Jill DeWit: Title Mind is what it is. It's coming. Steven Butala: Before we get into it, let's take a question posted by one of our members on the HouseAcademy.com online community, it's free. Jill DeWit: Stacy asks, what are acceptable closing costs for a $250000 house? Steven Butala: What do you think Jill? Jill DeWit: $2000 Steven Butala: Wow, just boom. Jill DeWit: Yeah. Steven Butala: The answer is, it really depends on the market you're in. There's some markets where it's very inexpensive to close on a house. Texas is one of them. There's some markets, as you would imagine, like California where it's a lot more. Some of those costs are not real costs, they're actual prorations for taxes. Taxes are real high in Texas. Jill DeWit: That's not including that. I'm just talking closing costs. That's all I'm talking. Steven Butala: So what you need to know in this venue is there's HUD-1 and I heavily encourage you to look up HUD-1, just look at, there's a million HUD-1 on Google. Just look at the price of the house, what the seller proceeds went to on the buyer and seller. It's debit and credit thing, like an accounting thing. It's not complicated at all. You've got to look for line 1400. Is it 1100 or 1400? I think it's 1400. And that's where escrow companies love to jam cost-centing, $45 for FEDEX. Jill DeWit: I'm including all that in there. Steven Butala: I know. Jill DeWit: So that's like, for our deals that we've done, we've done several in that price range, and that's the sweet spot. Steven Butala: That's what to plan for. It could be less, could be a little bit more. Jill DeWit: Sometimes I can get a little bit less. I'm lucky and get it down to 1400 or 1200, but just to give you a gauge, if you're spending 2000 it's not crazy. That's everything in there. They'll pad their notary fees, they'll pad their mail fees. You just have to be, they do. It's ridiculous. Steven Butala: Got to watch them. Jill DeWit: Then sometimes it's just the way it is. They don't back down. That's partially why Title Mind is coming back. We can explain more about that here. Steven Butala: Today's topic, our in-house title escrow company is coming soon. This is why you're listening. Jill DeWit: This is one of the reasons why we're doing this. Steven Butala: Yeah. Jill DeWit: I'm tired of it. I'm tired. Steven Butala: That's my girl. Mad as hell and I'm not going to take it anymore. Jill DeWit: Gosh. If you've not been through this, you're lucky and it's coming. But I tell you, these escrow companies, they charge $150 no matter what. They're sending something with a $0.49 stamp or a $6 postage, we're like, you know what, sorry. Every deal we put in $150 for all the mail to go back and forth for signing, things like that. I'm like, you've got to be kidding. It costs all of $40, and they're sorry that's just the way it is. They also do this with notaries. This one's a good one too. We all know the notary costs $50 or $75, but no, it's $150. Like, okay fine. There's nothing you can do about it. Or what you can do though is what we're doing. Open your own title company. Jill DeWit: What it is, is Title Mind. We opened it a while back as escrow only, even thought Title is in the title, it's a little confusing. So phase one is going to be what it was back then, which is escrow only. There's a lot of us doing transactions that are small enough, easy enough, no one's going to build on it. There's several reasons they need to do it quick and easy and fast. They only need escrow at this point. If you've ever tried to find a company that will only do escrow for you, which is basically being an unrelated third party, close the deal for you, prepare the deed, get recorded, handle the passing of the money, it's very hard to find that. I know, I can't think of one right now off the top of my head even that will do it. Steven Butala: I can't either. I don't know of anyone. Jill DeWit: They can't process that. So many of the deals that we're doing, I might be closing myself. So what we've been doing here, it's started with the land business where we were self closing deals and that's where we brought up Title Mind. So now what we're going to do, what happened was, it got over, we got overwhelmed. The day we opened the door and basically took the curtain down on the website, we were flooded with transactions. So much so, we couldn't complete our own deals, let alone keep up with everything, with the volume. Steven Butala: That was our thought. We're doing our own deals anyway. We've got a staff of people that are closing our deals, hey why not, let's just put up a website with a little form on it and we can do your deals too. It was a beautiful theory and we're certainly capable of doing that, but we got 35 orders or something. Jill DeWit: It was hilarious. Couldn't keep up. There's a little bit of work. What the process is, this is really more for land and I'll tell you how it's going to relate to houses in a minute, but for a land buyer, say you're buying a property for $4000 and you're going to sell it for 12 or 10, something like that. It's straightforward, the guy has owned it forever, never built on it. There's situations like that, I don't really need title, it's only for hunting or camping, the guy is not going to do anything with it like that. So instead of self-closing it, which is a person doing their own deed, like me going out writing my own deed, arranging my own notary, lining up the signing, over nighting it to the guy, my seller. Him signing it, my notary handing him the payment, which I put in an envelope for him with instructions. Then it's coming back to me, now I'm getting it together and sending it in to be recorded and then come back to me, now I'm ready to sell it kind of thing. Jill DeWit: We took that over and we're doing it for everyone and that's why everybody loved it. They're like wow, I can just call Title Mind and I just negotiate the deal, I call Title Mind, they process the rest. Awesome. Steven Butala: Think of it like this. You send a mailer out, you get 10 deals back that you want to do. You've got the money for it and you're convinced that everything is pretty good on the deal and you just want to keep being a deal maker. That's what you want. You want to be a deal maker, you don't want to be a paper pusher. Jill DeWit: Now you're bogged down with doing a deed and a notary and everything. Steven Butala: Just shove it all to us. Jill DeWit: That's what it is. Steven Butala: Shove it all to our staff and they process it and we get paid out of escrow. I don't know exactly how it's going to go. We take a little bit of money up front to make sure everybody is serious and then all the actual costs get paid out of escrow on the acquisition. Jill DeWit: Well still do the escrow thing too. Here's what's going to happen. That's perfect. The point you just made, which I love is you don't want to get bogged down with these, which is true. The deal is done, you should be moving on your next acquisition and posting this one for sale and making sure that happens. The paper part in the middle is where a lot of us are, it takes some work and we don't need to do it. Somebody else can do it. What's going to happen now, I'm going to tell you, we're going to bring back Title Mind, it's probably several weeks away, just so you know, we're working on the escrow part as well. We're going to bring it back. Phase one will be a version of what we did before, which is escrow only where we're basically the transaction coordinator doing the deeds, getting it recorded, sending the mail, arranging the notary, everything to take it off your plate. Then phase two will be a traditional in house title company. Steven Butala: Exactly like First American Title. Jill DeWit: Right. Steven Butala: Same situation. Jill DeWit: Where you can call us with land or houses. Steven Butala: It's better service, probably a little bit cheaper. Jill DeWit: It could be, yeah. And you know what my note was? Here's the thing I think we should think about, we haven't even reopened the site yet or really got back into it yet, but I was thinking, what's different about us is its by investors for investors. Nobody but us really knows what we need. You as an investor, you don't need the fluff. You don't need to be padded. I'm not going to pad these fees. I'm so mad about it, you can probably tell. I am adamant about passing through directly what the costs are. We'll get paid for our time and doing the transaction in the middle, but there's not going to be any fluff. I'm going to make sure of that. Steven Butala: For you out there, you experienced investors, you know how frustrating it is to wait on title. It happens all the time. You know how refreshing it is to get, let's say, a closing attorney or a really good title agent that's Johnny-on-the-Spot about it. Investors specifically know what they're doing. For us, honestly they're the easiest people to deal with because they understand our language. It's the retail people and the home owners themselves and the home sellers that are going to do this once or twice or three times in their whole life that are the problem. We remove all that. You don't want to deal with that. Let us deal with it. We've been doing 16000 deals ago we learned, here we are. Jill DeWit: Exactly. I'm excited. Steven Butala: I am too. I really am actually. It was, of all the products we've released like Parcel Fact and Counting Wise and all of them. Jill DeWit: O2O Steven Butala: Offers to Owners. This one has got the best response and just buried us. Jill DeWit: I know people are, [inaudible 00:09:52] here's my only thing, the minute we said it, like this show, the day this show airs, I know you guys are going to be holding back, saving that one, saving that one for Title Mind. Saving that one for Title Mind. Steven Butala: Please don't do that. Jill DeWit: Get them closed because we're a few weeks/months away, but we want you to know it's in the works. We're bringing it back. We all need it. Steven Butala: We know your time is valuable. Thanks for spending some of it with us today. Join us next time for the episode called Winning Over a Seller. Jill DeWit: And we answer your questions posted on our online community found at HouseAcademy.com. It is free. Steven Butala: You are not alone in your real estate ambition. I'm real excited about Title Mind. This industry, here's the truth. Jill DeWit: Yeah. Steven Butala: This industry is just run over with publicly traded companies that some actuary sits in an office somewhere and says, hey we should charge $25 more for all, across the board, for notary services and it should be mandatory that we have to send one out. You know how this goes. Jill DeWit: Totally. Steven Butala: We're going to make $16 million more tomorrow. Jill DeWit: Yep, just by doing that. Steven Butala: I'm excited. Jill DeWit: I am too. I can't take it. Wherever you're watching, wherever you're listening, please subscribe and rate us there. We are Steve and Jill. Steven Butala: Information. Jill DeWit: Inspiration. Steven Butala: To buy undervalued property.
Miller Johnson attorney Karen Custer discusses title commitments and title insurance with Gary Wadsworth of First American Title. For more information about Miller Johnson, visit millerjohnson.com
Age is No Barrier for House Investment (020) Transcript: Steven Butala: Steve and Jill. Jill DeWit: Happy Day. Steven Butala: Welcome to the House Academy Show, entertaining real estate investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill Dewitt, broadcasting from sunny southern California. Steven Butala: Today, Jill and I talk about how age is no barrier for house investing. Man, Isn't that true? Jill DeWit: You know what's funny to me is I'm sure there's people out there that think that it's true, but it's natural, but bums me out. Steven Butala: What do you think they think? I'm too old? Jill DeWit: Yeah. Steven Butala: I'm too young. Jill DeWit: Yep. I'm too young. No one's going to take me seriously. I'm too old. No one's going to take me seriously. Seriously. Steven Butala: I don't know. I don't know. I wouldn't stop me from doing anything. Jill DeWit: Well, we're going to talk about that. Steven Butala: Before we get into it, let's take a question posted by one of our members on the houseacademy.com online community. It's free. Jill DeWit: Mark asked, how much is The House Academy program and how long does it take to learn all this? Steven Butala: Go ahead, Jill. I don't know how much this stuff is. Jill DeWit: I actually don't know either. Jill DeWit: Fuck. I will say this. We often have specials on things going on, so you can find them on the houseacademy.com website. How about this? Zip on over to houseacademy.com, go to join and you'll find a whole menu item and it's right there. And that's one thing that I love about us and I know all of our community loves about us, that it's right there. It's no hidden. You'll never find on a website of ours that if you have to go click here, schedule a call, and then on the phone call we might share with you how much it costs. And I hate that. Steven Butala: Yeah, that's just ... Jill DeWit: Isn't that awful? Steven Butala: That's games and smoke and mirrors and silliness. Jill DeWit: It's silly. It's right there. Steven Butala: Just to get you on the phone to talk to a salesperson. We don't play those games like that for anybody. Jill DeWit: Exactly. Steven Butala: It's silly. It's ridiculous. Disrespectful Jill DeWit: And we don't have any upgrade-y, "Oh, but for this, you got this." And then, "Oh, but if you want that, you got to pay for this." Steven Butala: We have one product. We have one product for one price and a monthly access fee to the data that you need and some of the other tools. Jill DeWit: Sheet male and all that. Steven Butala: Yeah, the data in the mail that you need that you ... Stuff you need to do that send offers out anyway. You're going to pay for it anyway. And it's twice as- Jill DeWit: Cheaper through us. Steven Butala: ... way cheaper for us than anywhere. Jill and I have spent hours, hours and hours and hours, on all the companies that we have, making sure that we are the cheapest and the best in the industry. And if we're not, we cancel it. Here's an example. We used to have a company called Title Mind where we essentially outsourced while we became an escrow company. Jill DeWit: In-house. Steven Butala: Yeah, exactly. Jill DeWit: In-house. Yeah. Steven Butala: And we couldn't do it better and cheaper than First American Title, so we stopped doing that. The other projects that we have at any of our websites, you can see the DeWit family companies down there. They're all fantastic or you don't see it there. You don't know. Or we pull it down and we make it better and then we put it back up. Jill DeWit: Exactly. And how long does it take? I've heard several of our members and usually they recommend, and I like this concept, to go through the whole program first. Just blow through it once. One sitting. And that will take you, The House Academy, 10, 12 hours roughly to get through the whole content. Then, watching your head then sleep on a little bit, go back through it. Then go segment by segment by segment. Things will start to really kick in a little bit more and you'll figure out what areas come easy to you like, "Oh, I understand that. No problem." And then all these areas you need to work on are like, "All right, I need to watch this one three times." That's, that's the best way. So if you planned, I'd say, really two weeks, so your head more hurt. If you give yourself two weeks to get through the content twice, and I'm assuming you have a full-time job and a family and other things going on, I think that's a really good timeline. Steven Butala: And you should schedule it all out for yourself. That's what I recommend in the program. So if you're going to learn all this because you've got vacant Sundays of time, then schedule it out that way. Jill DeWit: Yeah. Four hours every Sunday until it's done kind of thing. Steven Butala: Learning all of this, everything, you have to be incredibly organized or it's just going to become an afterthought and you have to schedule everything out. Just like everything. That's just how it is. I love that part of this. I love scheduling everything out and getting it all done. Jill DeWit: I know you do. Steven Butala: Today's topic, age is no barrier for house investing. This is why you're listening. Jill DeWit: Okay. Let's not ignore that comment by the way because it's so funny how different we are. And it ties into some of this here too. It'll tie into my last part of this topic. You are a scheduling fiend and I'd like to just have an idea of what I'm doing and then I move it around and it depending on the day that goes. And sometimes I wake up, maybe I'm a plan doing something that involves a big outdoor event and it's raining. Come on. Maybe it's a hike. This doesn't happen very often, but- Steven Butala: It's raining. Jill DeWit: ... it's raining. I'm going to reschedule it. Maybe the night before I might reschedule what I'm doing the next day because of how much fun I'm having the night before that happens. So, I like to leave a little bit of wiggle room in there. For you, it's a lot of wiggle room. I find it funny. But no matter what, we can find a way to work together. Steven Butala: We get a lot of stuff done because of scheduling. Amazing amount of work done. We own I don't know how many companies now, how many lines of revenue, how many deals we do. And a lot of it's because we have a great staff. And that didn't happen on accident either. But I'll tell ya, it's a lot of, it's just an immense amount of scheduling and over-scheduling. And then not communicating too much about it and just showing up for whatever's in the schedule. Jill DeWit: Well, not only that, but the talent. Steven Butala: Well, that taps into age, so I don't know. I think that it's real hard to be in your 50s or 60s and not know a lot about something. Am I stepping on your toes here? Jill DeWit: No, no, this is good. Steven Butala: You've been doing something for 50 years, so hopefully you've better have become a master at it. Jill DeWit: Right. And it's legal. Steven Butala: Where did that come from? Jill DeWit: I don't know. I don't know. Steven Butala: Where does illegal come from? Jill DeWit: I don't know. I don't know. Steven Butala: You mean maybe you're just really good at being a hooker? Jill DeWit: No. Steven Butala: Is that what you're getting at? Jill DeWit: Maybe they're behind bars. I don't know. You're doing something for 50 years. I don't know. All right, can I jump in? Steven Butala: Yeah. Jill DeWit: Okay. Steven Butala: Yeah, for sure. Jill DeWit: Age is no example in this industry and doing house transactions is kind of the topic. So we have examples, like we alluded to earlier, we have guys doing this in their twenties, couples in their twenties and then we have couples that are, gosh- Steven Butala: Way retired. Jill DeWit: ... way retired. This is their got into it because what usually happens, I found a lot of them, they got into to find their retirement dream home and they realize, "Hey. By the way, that got us a retirement dream home at a great price. What if we do a couple of these on the side and help pay for our retirement dream home." And they just back into it that way. Steven Butala: This a fantastic retirement work day, average work day. I think this is great. This is what I plan on doing on my own retirement. Jill DeWit: Exactly. Especially for those individuals, those of you that are retired, sitting on a chunk of cash and are looking for a way better way to place your money than whatever little interest or getting in a variety of other ways, so that's a beautiful thing. So that's my number one example. I have examples, young and old. Jill DeWit: Also, I was thinking age doesn't matter because talent exists regardless. There are people we all know that are just born with data and spreadsheets and numbers. Remember that show Numbers? You'd see all the numbers come together and just fit for him. Some people see it no problem. Some people were like, "Oh, that makes my head hurt." Yeah. They can't look at a spreadsheet with too many numbers that can't look at pages with too many words, so there's different talents. Jill DeWit: Also experience. So whether you're young or old, your talents are your talents, period. Also for a lot of us older ... Hate to use the word older, but let's just say more than 30 or you know what I mean? Steven Butala: Just say it. Jill DeWit: All right. For a lot of us that have some experience in other careers before doing this. Your life experience, you already know, it brings so much value to anything that you do. You know how to read people, you've been through ups and downs, you've seen businesses start and fail and thrive and all kinds of things. So there's so much value that you bring based on that. Jill DeWit: And then my final thing about age doesn't matter. Wherever you are, whatever you are missing, if you really want to kill it, you will sit down, put it down on paper and find that partner. And that's, I think, the best way because there's some things you can learn and teach yourself and there's things that you just can't. As much as you want to, you're not going to be that good and you have to face that fact. And the best thing you can do is do like I did and find a partner who has the same goals that you want also, but they fill in that missing piece. Steven Butala: So I am quite often a victim of age discrimination and it's actually a pretty humorous thing for me to go through. I smile every time it happens. I was born in 1966 and all through my toddlerhood and grade school years, Steve Jobs and Bill Gates were creating the computer industry as we know it. So right about the time I go to seventh grade, they've got computer classes which I take and develop and develop and develop. Fast forward to college and post-college where the vast majority of the people in the workforce don't have a computer on their desk yet, but I do. So I'm that very, very, very first generation of people my age who understand computers. And then, of course, the internet comes and cell phones and not necessarily in that order and the whole thing as in here ... Again, fast forward to where we are today. Steven Butala: I very much embraced this stuff and not everybody my age does. Not everybody took to it. And in fact, if you're two to three years older than I am, we have a lot of friends that are two or three or four years older than I am. They missed that window and they don't understand except for like what they have to do at work on a computer, don't understand it. So, young people constantly locked me into, "Well, let me help you with that." They just don't think that I understand how to use a computer when in fact, I was programming when they were long before they were born. So it cracks me up every single time. I usually take it out of their hand and say, "Let me show you exactly what the back end of this thing looks like." Steven Butala: So if you're older and you're struggling with computers long before you buy into anything like selling houses or buying houses or anything, you gotta learn how to use a computer. And you've got to learn how to put somebody in your life, like Jill said, that does know how to use the computer. And so all this age experience that you have, you guys can both win. We have a lot of people that come to our live event that are sitting together, two guys, one in their thirties and one in their one who's 65 and working great together and smashing it out of the park. So, age doesn't matter and there's nothing that, from this relationship/partnership standpoint, in my opinion, that can't be overcome. Jill DeWit: I could not add anything more to that. That was beautiful. Steven Butala: It's true. Jill DeWit: Thank you. Steven Butala: Hey, we know your time's valuable. Thanks for spending some of it with us today. Join us next time for another interesting episode. Jill DeWit: And we answer your questions posted on our online community at houseacademy.com. It is free. Steven Butala: You were not alone in your real estate ambition. Jill DeWit: I was mesmerized at what you were saying. Steven Butala: Why? Jill DeWit: Well I just cause your way of explaining it is a little bit different and it was great and I like how you brought in, that which is true, that's the value of doing ... We haven't done any live events for House Academy yet. I don't even have any scheduled, but I know it's coming. We waited a long time for Land Academy before people were beating down the door saying, "You got to have a live event. We got to do this. We need to know we're not alone out here," so I'm waiting. I want to get our membership up a little bit and I will do a House Academy live event, so sit tight. But it is such a great way to make a connection and get a partnership. And if anything, maybe meet your money guy face to face. Steven Butala: Yeah, exactly. Jill DeWit: Or a money guy face to face. Maybe it's us. So, a lot of value there. Thank you for saying it. Steven Butala: Let's just be honest. I didn't finish saying it. This is all technology- driven 20 years ago. If you're listening or watching this and you're my age or older, you know how hard it was to sell a house before the internet. The MLS was in a phone book sized book, and you'd look through your books and they're three weeks old, eight weeks old. And then you know how long it took, before email, how to mail something or FedEx your documents and stuff before DocuSign, so that's not a deterrent. That's experience. And so you should be able to really say, "Well, wait a minute. We used to use to take two months to do this. Now we can do it in two minutes. All right, well let's just kick it up a few notches," because the concepts never change. Jill DeWit: Exactly. Steven Butala: I'm going on too much. Jill DeWit: Great. Thank you. Wherever you're watching, wherever you are listening, please subscribe and rate us there. Steve and Jill: We are Steve and Jill. Information- Jill DeWit: and inspiration ... Steven Butala: ... to buy undervalued property.
Miller Johnson attorney Karen Custer discusses title commitments and title insurance with Gary Wadsworth of First American Title. For more information about Miller Johnson, visit millerjohnson.com
How to set Offer Prices in House Mailers (HA 013) Steven Butala: Steve and Jill here. Jill DeWit: Hi. Steven Butala: Welcome to the House Academy Show, entertaining real estate 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 to set offer prices in house mailers. This is one of my favorite topics of all the episodes that we can do, because it's like cheating. Jill DeWit: I gotta ask you: how the heck are you going to cover this in a podcast? This is pretty in-depth, detailed stuff. So I can't wait to see what you're going to share with us. Steven Butala: I make it this part of this so easy it's silly. Jill DeWit: Ah. Steven Butala: I think it's easy, and we're getting a huge positive responses about how easy it is. Jill DeWit: Yes. We are. Steven Butala: Before we get into it, let's take a question posted by one of our members on the houseacademy.com online community. It's free. Jill DeWit: John asks, "What's a difference between DataTree and RealQuest?" Jill DeWit: This is great. Will you first define ... Steven Butala: Sure. Jill DeWit: Okay, thank you. Define the two companies- Steven Butala: There's three major data sources for real estate investors like us like for any real estate investor. And they all come from ... the source of the information comes from the county assessors. There's 3,144 county assessors that keep data on properties so that they can properly send tax bills out. Steven Butala: These three companies, DataTree, RealQuest, and TitlePro247 all are data aggregators. What's different about them is that they all include assessor data, but some of them pull in data from other places. Which makes it viable- Jill DeWit: More valuable. Steven Butala: Makes it viable. In DataTree's ... to answer your question, in DataTree's case, they pull in a tremendous amount of financial information that's very current in the format that we need it to send out a mailer. So that's great for houses. For land, there's more spatial ... there's a larger spatial data set which allows us to send offers to land owners, because almost all land owners don't have any debt. There's not a financial component. Steven Butala: And then TitlePro is built for title agents. So those data sets include a lot of title information to research properties. So when we send out land mailers, we use RealQuest. When we send out house mailers, we send use DataTree. And when that stuff comes back- Jill DeWit: We do our due diligence. Steven Butala: We do our due diligence with TitlePro247. We're licensed providers for all three. Jill DeWit: Right. I want to add in there ... when you mentioned the DataTree, which is First American Title's company, the financial component that he's talking about is all about mortgage lending, where they stand on it, how much the lender is- Steven Butala: How much they owe. Jill DeWit: ... how much they owe, how long they've had it. Steven Butala: Yeah. Jill DeWit: That's the tweak and why we use DataTree for house offers and why it's special. Steven Butala: They're both very ... we have a long history of [inaudible 00:02:58] success with all three, and now our members do. Land Academy members, House Academy members are proving our theory correct. Jill DeWit: Yeah. Steven Butala: So, you know ... Jill DeWit: That's what I love. I didn't mean to interrupt you, but- Steven Butala: No, no. I was done. Jill DeWit: One of the reasons that we're here is that ... for someone starting out on the industry ... God, we haven't said this in a while. But boy, I wish we had us. Jill DeWit: You know? When you're new in this industry, even if you know exactly what to do it's like, "Gosh, I need to get my hands on this stuff." And some of the stuff ... it's not readily available. You can't just go order it off the street. Some of these tools you cannot get. You have to be in the business ... like especially like the Black Knight Financial Services, TitlePro ... Steven Butala: Which is TitlePro. Jill DeWit: You know, that level ... everybody can get AgentPro247. Everybody can use a little scaled down mini version of what they think your top choices should be. Everybody can get ahold of that. But to have access to the back-end of everything that a title agent has, which we have and we share with our people, is huge. And that's one of the reasons I say, "I wish we had me. I wish we had us." Steven Butala: All three of these companies have cute little applications. Jill DeWit: Yes. Steven Butala: For your iPhone, for you. RealQuest that aren't ... you know, they're sending out 10 offers a day. Jill DeWit: Right. Steven Butala: You might be able to get away with having some limited success, but the people that are in our groups or have companies ... they're own investment companies. Jill DeWit: Yeah. Steven Butala: For RealQuest, it's ListSource. I get this question all the time. What's the difference between RealQuest and ListSource? Well, ListSource is at the back end [crosstalk 00:04:28] of ListSource ... Steven Butala: The back end of List Source is RealQuest Pro. If you're a real investor, you want RealQuest Pro. If you want to horse around it and see what happens, use ListSource. DataTree is as real as it gets. The back end of that is all of First American Title. And you can use that in many, many, many different ways. And TitlePro is actually for title agents. Steven Butala: So I guess what I'm saying is we're not horsing around. This is a good question. Actually, I don't remember ever getting this question before. Jill DeWit: Yeah? Steven Butala: Today's topic: how to set offer prices in house mailers. This is why you're listening. Steven Butala: So you got a big list of houses that you've gone through all the motions on. Let's say your list is 3,000 houses in a single zip code that you've chosen because the days on market are real low, and a bunch of other stats pass all your tests. And you're sitting staring at a thousand houses in your data set, in your DataTree dataset. How do you price them? You know who owns them. You know that they don't have any liens, you know that they don't have any mortgages, you know all this other stuff that's very, very ... well, it's imperative to getting the mailer yield that you want. You need to set a price that's going to A, not turn off the seller because it's so low. But B, not be over the retail value of the house. Because then what the heck is the use of that? Steven Butala: You want to buy a property under valued so it's enough to spark their interest, and catch them in a life situation where they're like, "You know, I know my house is worth 300 grand, but I'm happy to sell it to these guys for 250 because it's painless convenience fee." Steven Butala: So this is what we do. And this is to answer your question, Jill. How I can do this on the radio instead of doing it on the screen. Steven Butala: We've all gone to Zillow, Trulia, Redfin, RealtyTrac, all those sites to see the value of some piece of real estate. Whether it's your own house, your grandma's house, or something. And they all have algorithms that are assigned to their houses. So if you go to Redfin and look up an address, it might say $236,000 and 14 cents or some number like that. Redfin, same thing. Realtor.com, RealtyTrac, DataTree ... they all have an algorithm that generates, in their opinion, what that house is worth today. And it moves every day. All the time. Steven Butala: What we do is we line them all up in all 3000 lines. We put columns in for each one of those algorithms, and we input those, and then we divide by six. So all this power from these algorithms is in your hands now for you to decide what these assets are ... what their value is, and how much money you want to make. So now we have a number from all six of these algorithms. We divide by that number, and we apply ... we subtract $30,000, let's say. Because that's the profit margin we want to make. Or some number like that. Steven Butala: And it varies very much in different markets. In southern California here, the average house price is $800,000. We tend to make a little bit more than 30 grand. In an area like Phoenix, where the average price is 250,000 to 300,000 it tends to be a little bit less. In the center part of the country, I know people that regularly make $10,000 in, let's say, Kansas City on a deal very quickly. That is how you price mailers. House mailers. Jill DeWit: Thank you. What? You did a great job of explaining that. And then I was just thinking this is nothing that you should be doing one by one line by line yourself. This will take you a month probably, or longer- Steven Butala: Yeah. It's like doing your own offers. Jill DeWit: ... If you have a day job, could you imagine? So just to kind of give you a little insight as to how we do it, and how we can help you do it is that you can submit to us a data sheet to one of our companies ... 3000 of these, and wait about 24, 48 hours. Steven Butala: Yeah. Jill DeWit: And they'll send it back to you done. So just so you know ... I know what you just explained ... I love that you explained perfectly. Thank you very much ... exactly what goes into it. If I'm listening I'd be like, "Oh, this is great Steve, but how do I do it?" You know? Steven Butala: Oh, that's great Steve. Jill DeWit: That's great, Steve. Steven Butala: I don't have a month to do this. Jill DeWit: Thanks a lot. You know? I guess I'll get my kids on that. No, don't do that. Don't get your kids. Okay, Joey, you're on this one. Amanda, you're over here. Could you imagine if someone was doing that? I have six kids. I have them all ... that'd be like a sweatshop. Don't do that. Jill DeWit: But we can help you with that. Steven Butala: They'd run out of patience fast. Jill DeWit: Could you imagine? Steven Butala: No. Plus you don't know if it's right. Jill DeWit: That's true. Exactly. And one of them ... that's how you learn they're dyslexic because they keep moving the numbers around. Just kidding. That's what we do. We do a mass at a time. And you know, that's why we're here. We're going to get you there. We're sharing with you all the little tidbits, all the little nuggets of what goes into this for you to decide if this is what you want to do. And if it is, we'll help you get to our level. Steven Butala: There's a lot ... and you know, we have another land company. And there's a lot of art and feeling that goes into pricing land, but not with houses. It's really like our version of the easy button. I love doing land mailers, because I can tell you with a tremendous degree of accuracy how many things are going to get signed back- Jill DeWit: Land or houses? Steven Butala: With houses. Jill DeWit: Oh, with houses. You like doing houses for that. Steven Butala: Yeah. Jill DeWit: Yeah. Steven Butala: I mean, I love doing both. But house mailers it's like, "Yep, this is what's going to happen." Jill DeWit: Yup. Steven Butala: Hey, we know your time's valuable. Thanks for spending some of it with us today. Join us next time for the episode called: How to Choose a Good House Zip Code to Send Mail. Jill DeWit: And we answer your questions posted on our online community at houseacademy.com. It is free. Steven Butala: You are not alone in your real estate ambition. Steven Butala: You know, House Academy itself and its show is so new that I'm getting this core stuff out of the way. Jill DeWit: Oh, I like this. Steven Butala: Yeah. Jill DeWit: This is good. Steven Butala: Like, this is how you do it. Or how we do it. Jill DeWit: I love it. Steven Butala: So I know it might not be- Jill DeWit: Exciting? Steven Butala: The most exciting type of episodes for you to do, but thanks for your patience. Jill DeWit: You know what? If you're sitting in this, it is exciting. Seriously. It is for me. Steven Butala: Good. Jill DeWit: Wherever you're watching or wherever you are listening, I hope it's exciting. So please subscribe and rate us there. We are Steve and Jill. Steven Butala: We are Steve and Jill. Information- Jill DeWit: And inspiration. Steven Butala: ... to buy undervalued property.
How to Protect Yourself Legally (LA 959) 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 DeWitt, broadcasting from sunny southern California. Steven Butala: Today Jill and I talk about how to protect yourself legally in the land business. Jill DeWit: It sounds like it's scary. Like do I need protection? What am I missing? Steven Butala: So I was coming up with topics before the show today, writing down topics as we always do. We try to do the whole weeks topics all at once and our customer service extraordinaire, Amy, helped us come up with this and she said, "There's one person in particular that really wants to start off and make sure that she's legal." And it- Jill DeWit: I like that. Steven Butala: ... just occurred to me, actually this whole week is kind of back office admin week and how to get a mailer out. Just the basics. Basic, basic stuff. Amy was nice enough to share that we have a bunch of new people, for whatever reason, in the last few months and they really need to just basic 101 type stuff, so Jill and I are happy to help. Jill DeWit: Thank you. Steven Butala: So how do you protect yourself legally? We'll talk about it in a second. Jill DeWit: Yep. Steven Butala: I have, as always, a lot of ideas on that. Jill DeWit: As always, a lot to say. Steven Butala: Before we get into it, let's take a question, posted by one of members on the LandInvestors.com online community. It's free. Jill DeWit: John A. asks: What's the difference between DataTree and RealQuest? Steven Butala: Okay, I'll give the background and you get to answer the question. Jill DeWit: Oh. Okay. Steven Butala: We are, Jill and I, licensed providers of the three major and the only three worthwhile, in my opinion, data sources for assessor data. RealQuest Pro, which has been the old standby since the late 90s. TitlePro 24/7, which is kind of a newer but not totally new data set that helps title agents, actually, help figure out ... Close a deal. And then the third on is DataTree, which is First American Title's almost brand new answer to RealQuest and TitlePro. So what do you think the differences are between the three, Jill, in general? Jill DeWit: Well, first of all, RealQuest, I still love the best because especially for land because every time you go into accounting ... And let's go back. RealQuest is CoreLogic's data company. A lot of it is direct pull from the county assessors and some stuff is fed in, it's manually, because we all know there's counties out there that are still using books on shelves, believe it or not. So RealQuest sends people out and they pull those books off the shelves and they sit there- Steven Butala: I don't mean to interrupt- Jill DeWit: Okay. Steven Butala: In the spirit of 101, I'm going to take- Jill DeWit: Oh, okay. Steven Butala: ... a step back further. There's 3144 counties in this country. Counties, parishes. Jill DeWit: Exactly. Steven Butala: They all have a tax roll or an assessor role and that's essentially a database with all the statistics- Jill DeWit: Of all the property. Steven Butala: ... about every single property in their county. Why? Because they tax it every year.
How to Protect Yourself Legally (LA 959) 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 DeWitt, broadcasting from sunny southern California. Steven Butala: Today Jill and I talk about how to protect yourself legally in the land business. Jill DeWit: It sounds like it's scary. Like do I need protection? What am I missing? Steven Butala: So I was coming up with topics before the show today, writing down topics as we always do. We try to do the whole weeks topics all at once and our customer service extraordinaire, Amy, helped us come up with this and she said, "There's one person in particular that really wants to start off and make sure that she's legal." And it- Jill DeWit: I like that. Steven Butala: ... just occurred to me, actually this whole week is kind of back office admin week and how to get a mailer out. Just the basics. Basic, basic stuff. Amy was nice enough to share that we have a bunch of new people, for whatever reason, in the last few months and they really need to just basic 101 type stuff, so Jill and I are happy to help. Jill DeWit: Thank you. Steven Butala: So how do you protect yourself legally? We'll talk about it in a second. Jill DeWit: Yep. Steven Butala: I have, as always, a lot of ideas on that. Jill DeWit: As always, a lot to say. Steven Butala: Before we get into it, let's take a question, posted by one of members on the LandInvestors.com online community. It's free. Jill DeWit: John A. asks: What's the difference between DataTree and RealQuest? Steven Butala: Okay, I'll give the background and you get to answer the question. Jill DeWit: Oh. Okay. Steven Butala: We are, Jill and I, licensed providers of the three major and the only three worthwhile, in my opinion, data sources for assessor data. RealQuest Pro, which has been the old standby since the late 90s. TitlePro 24/7, which is kind of a newer but not totally new data set that helps title agents, actually, help figure out ... Close a deal. And then the third on is DataTree, which is First American Title's almost brand new answer to RealQuest and TitlePro. So what do you think the differences are between the three, Jill, in general? Jill DeWit: Well, first of all, RealQuest, I still love the best because especially for land because every time you go into accounting ... And let's go back. RealQuest is CoreLogic's data company. A lot of it is direct pull from the county assessors and some stuff is fed in, it's manually, because we all know there's counties out there that are still using books on shelves, believe it or not. So RealQuest sends people out and they pull those books off the shelves and they sit there- Steven Butala: I don't mean to interrupt- Jill DeWit: Okay. Steven Butala: In the spirit of 101, I'm going to take- Jill DeWit: Oh, okay. Steven Butala: ... a step back further. There's 3144 counties in this country. Counties, parishes. Jill DeWit: Exactly. Steven Butala: They all have a tax roll or an assessor role and that's essentially a database with all the statistics- Jill DeWit: Of all the property. Steven Butala: ... about every single property in their county. Why? Because they tax it every year.
On this episode of the show The Stan Abraham & John Vitale Team sit down with First American Title to ask questions they are often asked by their clients such as what exactly is a title company and when will the seller see their money. OAD: 04-12-19
An interview with Courtney Rogers from First American Title. Learn all about the escrow process and the title insurance policy for the homeowner and the lender.
In this episode “Yay! We’re in escrow... What is escrow?” we are interviewing Steve Skare, Senior Escrow Officer at First American Title with more than 25 years experience in the Portland market. Steve explains what escrow is, the difference between escrow and title, title insurance, early issue policy, what it means to be “on title”, vesting and the prevalence of wire fraud.
New Podcast Content Ideas (JJ 670) Transcript: Jack Butala: Jack and Jill here. Jill DeWit: Hi. Jack Butala: Welcome to the Jack Jill show, entertaining real estate involvement talk. I'm Jack Butala. Jill DeWit: And I'm Jill Dewit, broadcasting from sunny southern California. Jack Butala: Today, Jill and I talk about new podcast ideas. There's no meat to this show. Jill DeWit: No, but it's good talking about the process and how we pick topics and how much that goes into them, because there's a lot. Jack Butala: Yeah, you're right. It's fun, mostly. Jill DeWit: It is, yup. Cool. Jack Butala: Before we get into that, though, let's take a question posted by one of our members on the jackjill.com online community. It's free. Jill DeWit: Okay. Jared asks, so this is awesome, he's leading into and getting a head start on House Academy is what this sounds like here. Jared says, "I have a buyer for some SFRs," so single-family residences, "but I'm not sure how to get the data that would let me know that the sellers don't have any mortgages. I looked in TitlePro247 and Real Quest Pro. In TitlePro, if I set the mortgage amount to zero, it returns zero results. The same is true for RealQuest Pro. Any advice on how to scrub out the houses with mortgages on them in the data pull? My assumption is that I would pull sale dates between 20 years ago and older, I assume, and assume if there hasn't been a sale in that amount of time, either the property's paid off or the mortgage is really low." I like where his workaround- Jack Butala: Well, and he's right. Jill DeWit: That's a good workaround. Okay, if they've done it, they've been paying for it for over 20 years, maybe it's almost done. So, that was awesome. Jack Butala: Jared's 100% correct in every statement that he made here. In Title Pro, zero sets it to zero, and on and on. RealQuest and TitlePro are overlays for datasets. DataTree, which is First American Title's data arm, pulls mortgage data, actual data on the [inaudible 00:01:57], from other sources, which is what we use. DataTree will be the dataset that's included with House Academy. Jill DeWit: Mm-hmm (affirmative). Jack Butala: So, your workaround is exactly what he explained. We've used that in the past, where you just look at the age of the mortgage or the age of the house that's purchased and kind of assume that, well, there's a good chance that they didn't refi, or, what. You're still just kind of throwing a dart at the board. The absolute best way to do it is with DataTree, and again, it comes with the subscription when we release House Academy. It's a whole different world in there. It's 21st century. But until then, you've gotta do it this way, the way that he described. Jill DeWit: Yeah, stay at it. Jack Butala: And it works. Jill DeWit: We'll hook you up, Jared. When we have a House Academy. Jack Butala: Yeah. It works. It actually works. Jill DeWit: Mm-hmm (affirmative). Jack Butala: But it's just not as accurate. Jill DeWit: Right. Jack Butala: Wouldn't you like to just throw at the board and hit the center every single time? Jill DeWit: Wouldn't that be nice? Jack Butala: That's DataTree. Jill DeWit: I know there's other things that you can pull in there,
New Podcast Content Ideas (JJ 670) Transcript: Jack Butala: Jack and Jill here. Jill DeWit: Hi. Jack Butala: Welcome to the Jack Jill show, entertaining real estate involvement talk. I'm Jack Butala. Jill DeWit: And I'm Jill Dewit, broadcasting from sunny southern California. Jack Butala: Today, Jill and I talk about new podcast ideas. There's no meat to this show. Jill DeWit: No, but it's good talking about the process and how we pick topics and how much that goes into them, because there's a lot. Jack Butala: Yeah, you're right. It's fun, mostly. Jill DeWit: It is, yup. Cool. Jack Butala: Before we get into that, though, let's take a question posted by one of our members on the jackjill.com online community. It's free. Jill DeWit: Okay. Jared asks, so this is awesome, he's leading into and getting a head start on House Academy is what this sounds like here. Jared says, "I have a buyer for some SFRs," so single-family residences, "but I'm not sure how to get the data that would let me know that the sellers don't have any mortgages. I looked in TitlePro247 and Real Quest Pro. In TitlePro, if I set the mortgage amount to zero, it returns zero results. The same is true for RealQuest Pro. Any advice on how to scrub out the houses with mortgages on them in the data pull? My assumption is that I would pull sale dates between 20 years ago and older, I assume, and assume if there hasn't been a sale in that amount of time, either the property's paid off or the mortgage is really low." I like where his workaround- Jack Butala: Well, and he's right. Jill DeWit: That's a good workaround. Okay, if they've done it, they've been paying for it for over 20 years, maybe it's almost done. So, that was awesome. Jack Butala: Jared's 100% correct in every statement that he made here. In Title Pro, zero sets it to zero, and on and on. RealQuest and TitlePro are overlays for datasets. DataTree, which is First American Title's data arm, pulls mortgage data, actual data on the [inaudible 00:01:57], from other sources, which is what we use. DataTree will be the dataset that's included with House Academy. Jill DeWit: Mm-hmm (affirmative). Jack Butala: So, your workaround is exactly what he explained. We've used that in the past, where you just look at the age of the mortgage or the age of the house that's purchased and kind of assume that, well, there's a good chance that they didn't refi, or, what. You're still just kind of throwing a dart at the board. The absolute best way to do it is with DataTree, and again, it comes with the subscription when we release House Academy. It's a whole different world in there. It's 21st century. But until then, you've gotta do it this way, the way that he described. Jill DeWit: Yeah, stay at it. Jack Butala: And it works. Jill DeWit: We'll hook you up, Jared. When we have a House Academy. Jack Butala: Yeah. It works. It actually works. Jill DeWit: Mm-hmm (affirmative). Jack Butala: But it's just not as accurate. Jill DeWit: Right. Jack Butala: Wouldn't you like to just throw at the board and hit the center every single time? Jill DeWit: Wouldn't that be nice? Jack Butala: That's DataTree. Jill DeWit: I know there's other things that you can pull in there,
Census Tract Mailer Pricing Transcript: Jack Butala: Jack and Jill, here. Jill DeWit: Hi. Jack Butala: Welcome to the Jack & Jill Show, entertaining real estate investment talk. I'm Jack Butala. Jill DeWit: And, I'm Jill DeWit. Broadcasting from sunny Southern California. Jack Butala: Today, Jill and I talk about census tract mailer pricing. It's how I actually, the cuckoo system that I've devised, to accurately price SFR mailers. Jill DeWit: Is that your legal term? It's the cuckoo way Jack gets this done. But you know what I was gonna say, by the way? I think it's amazing how you do this. I was trying to think about this. I swear, it's like a third science, I think it's a third art, and I think it's a third experience. What do you think? How'd I do? Jack Butala: I don't know, you know. I mean, thank you for the ... Jill DeWit: Trying to explain it? Jack Butala: I think that's a compliment, and thank you. Jill DeWit: Yeah. Jack Butala: But I'll tell you, it all was derived out of necessity. We just weren't getting the results that we wanted to get for regular pricing. So the way that we priced mail, the way that we priced purchasing land, it's just not appropriate here. Jill DeWit: Sure. Jack Butala: It's a totally different animal. So I'll try to explain it the best I can through this venue. Jill DeWit: Awesome. And I'll try the best to entertain you, so you don't fall asleep during this. Jack Butala: I was just gonna say, that's the thing. I will try as hard as I can to make sure Jill stays awake. Jill DeWit: Yep. There you go. Jack Butala: Before I get into this, though, let's take a question posted by one of our members on the JackJill.com online community. It's free. Jill DeWit: Okay. Joe M. wrote, "Hi all, I've been exporting comps in Redfin and realtor.com, to determine average days on market for vacant lots in a neighborhood. But I have a feeling there's a much faster way. Have you noticed a correlation between how long your vacant lots take to sell in comparison to SFRs average days on market in a specific area? Also, what are some of your favorite sites to reference when determining your next target market? Any insight would be greatly appreciated. Thanks, Joe M." Jack Butala: Joe, this is a perfect question for our topic today. Jill DeWit: Yep. Jack Butala: It's perfect. I use exactly those two websites, Redfin and realtor. And I use it in conjunction with DataTree. We're a licensed provider of DataTree information, which is a ... Jill DeWit: First American Title's ... Jack Butala: It's First American Title's ... yeah ... data company. And it's by leaps and bounds ... I think, some of the best data available. So when you use a version of days on market here, in this case from Redfin or Realtor. I prefer Redfin for a bunch of reasons. And you meld it with the data that gets collected by the assessor, and then processed by a world class company like First American, you literally, the result is this ... you to remove probably 98% of the risk that you would incur from a real estate investment. Jill DeWit: Exactly. Now you're talking houses. Jack Butala: Yeah, houses only. Jill DeWit: Now, so his question is, does the house stuff apply to land? Do you ever look at that, Jack?
Census Tract Mailer Pricing Transcript: Jack Butala: Jack and Jill, here. Jill DeWit: Hi. Jack Butala: Welcome to the Jack & Jill Show, entertaining real estate investment talk. I'm Jack Butala. Jill DeWit: And, I'm Jill DeWit. Broadcasting from sunny Southern California. Jack Butala: Today, Jill and I talk about census tract mailer pricing. It's how I actually, the cuckoo system that I've devised, to accurately price SFR mailers. Jill DeWit: Is that your legal term? It's the cuckoo way Jack gets this done. But you know what I was gonna say, by the way? I think it's amazing how you do this. I was trying to think about this. I swear, it's like a third science, I think it's a third art, and I think it's a third experience. What do you think? How'd I do? Jack Butala: I don't know, you know. I mean, thank you for the ... Jill DeWit: Trying to explain it? Jack Butala: I think that's a compliment, and thank you. Jill DeWit: Yeah. Jack Butala: But I'll tell you, it all was derived out of necessity. We just weren't getting the results that we wanted to get for regular pricing. So the way that we priced mail, the way that we priced purchasing land, it's just not appropriate here. Jill DeWit: Sure. Jack Butala: It's a totally different animal. So I'll try to explain it the best I can through this venue. Jill DeWit: Awesome. And I'll try the best to entertain you, so you don't fall asleep during this. Jack Butala: I was just gonna say, that's the thing. I will try as hard as I can to make sure Jill stays awake. Jill DeWit: Yep. There you go. Jack Butala: Before I get into this, though, let's take a question posted by one of our members on the JackJill.com online community. It's free. Jill DeWit: Okay. Joe M. wrote, "Hi all, I've been exporting comps in Redfin and realtor.com, to determine average days on market for vacant lots in a neighborhood. But I have a feeling there's a much faster way. Have you noticed a correlation between how long your vacant lots take to sell in comparison to SFRs average days on market in a specific area? Also, what are some of your favorite sites to reference when determining your next target market? Any insight would be greatly appreciated. Thanks, Joe M." Jack Butala: Joe, this is a perfect question for our topic today. Jill DeWit: Yep. Jack Butala: It's perfect. I use exactly those two websites, Redfin and realtor. And I use it in conjunction with DataTree. We're a licensed provider of DataTree information, which is a ... Jill DeWit: First American Title's ... Jack Butala: It's First American Title's ... yeah ... data company. And it's by leaps and bounds ... I think, some of the best data available. So when you use a version of days on market here, in this case from Redfin or Realtor. I prefer Redfin for a bunch of reasons. And you meld it with the data that gets collected by the assessor, and then processed by a world class company like First American, you literally, the result is this ... you to remove probably 98% of the risk that you would incur from a real estate investment. Jill DeWit: Exactly. Now you're talking houses. Jack Butala: Yeah, houses only. Jill DeWit: Now, so his question is, does the house stuff apply to land? Do you ever look at that, Jack?
Debt is Bad Equity is Good Transcript: Jack Butala: Jack and Jill here. Jill DeWitt: Oh my goodness. Hi. Jack Butala: Welcome to the Jack Jill Show, entertaining real estate investment talk. I'm Jack Butala. Jill DeWitt: And I'm Jill DeWitt, broadcasting from sunny Southern California. Jack Butala: Today, Jill and I talk about how debt is bad, but equity is good. Jill DeWitt: I had to try to trip you up there. It's just too fun. So I'm going to- Jack Butala: That goes against every single radio, audio ... tripping your co-host up, and I'm all for it because it goes against everything. Jill DeWitt: You know what? When have you known me to go with the flow and just be a sheep, you know? Jack Butala: Exactly. Jill DeWitt: Again, boy, my parents wish I would go with the flow and be a sheep, but no, no, no, no. Jill has to do it her own way. Jack Butala: Well if that is bad, and equity is good, then how the hell can you ever get anything done if you don't have any money? Jill DeWitt: Yeah, what do you drive around in? I don't understand. Jack Butala: That's the answer. Jill DeWitt: This is odd. Jack Butala: You will get the answer to that. Jill DeWitt: It's not possible, is it? Jack Butala: You will get the answer to that question, Mr. Bender, next Saturday. Jill DeWitt: Oh thank you. Jack Butala: Breakfast Club. Jill DeWitt: Got it. Jack Butala: Before we get into this topic, we're going to go ahead take a question posted by one of our members on that jackjill.com online community. It's free. Jill DeWitt: Okay. Julian R. Asked, "Hi. I wanted to know if you also experienced ... " oh boy. I love this first sentence. "I wanted to know if you also experienced frustration with title companies." Can we just stop there? Jack Butala: We could do a whole podcast on that topic. Jill DeWitt: I could stop there, but this is a good question. I'm going to read the whole thing here. "I have lost my second deal today, because the seller backed out on deals more than $5,000. Kids wanted to keep the land in the family even though it has not been used in years. It seems like the solutions/options are, one, keep losing deals." That's just part of the business, since the seller was not really motivated in the first place. Jack Butala: No, that's not one. Jill DeWitt: "Two, close with a notary first, then get title," but it kind of defeats the purpose. Jack Butala: That is a fantastic solution. Jill DeWitt: "Three, find a much faster company to close with using such as TitleMind, when it is ready over three weeks in both cases." Jack Butala: You can't pay for publicity like that. Jill DeWitt: Right. "We'd love to hear your experience with this kind of issue." Jack Butala: Can I start with a story? Jill DeWitt: Sure. Jack Butala: I drove to Flagstaff and stayed for two days training ... This is a lot of years ago. Training a First American Title group of people in an office up there, and they were experienced, because it's a small town. They were just ready to have 30 to 80 more deals a month. They were staffed up for it and ready and it seemed like a perfect...
Debt is Bad Equity is Good Transcript: Jack Butala: Jack and Jill here. Jill DeWitt: Oh my goodness. Hi. Jack Butala: Welcome to the Jack Jill Show, entertaining real estate investment talk. I'm Jack Butala. Jill DeWitt: And I'm Jill DeWitt, broadcasting from sunny Southern California. Jack Butala: Today, Jill and I talk about how debt is bad, but equity is good. Jill DeWitt: I had to try to trip you up there. It's just too fun. So I'm going to- Jack Butala: That goes against every single radio, audio ... tripping your co-host up, and I'm all for it because it goes against everything. Jill DeWitt: You know what? When have you known me to go with the flow and just be a sheep, you know? Jack Butala: Exactly. Jill DeWitt: Again, boy, my parents wish I would go with the flow and be a sheep, but no, no, no, no. Jill has to do it her own way. Jack Butala: Well if that is bad, and equity is good, then how the hell can you ever get anything done if you don't have any money? Jill DeWitt: Yeah, what do you drive around in? I don't understand. Jack Butala: That's the answer. Jill DeWitt: This is odd. Jack Butala: You will get the answer to that. Jill DeWitt: It's not possible, is it? Jack Butala: You will get the answer to that question, Mr. Bender, next Saturday. Jill DeWitt: Oh thank you. Jack Butala: Breakfast Club. Jill DeWitt: Got it. Jack Butala: Before we get into this topic, we're going to go ahead take a question posted by one of our members on that jackjill.com online community. It's free. Jill DeWitt: Okay. Julian R. Asked, "Hi. I wanted to know if you also experienced ... " oh boy. I love this first sentence. "I wanted to know if you also experienced frustration with title companies." Can we just stop there? Jack Butala: We could do a whole podcast on that topic. Jill DeWitt: I could stop there, but this is a good question. I'm going to read the whole thing here. "I have lost my second deal today, because the seller backed out on deals more than $5,000. Kids wanted to keep the land in the family even though it has not been used in years. It seems like the solutions/options are, one, keep losing deals." That's just part of the business, since the seller was not really motivated in the first place. Jack Butala: No, that's not one. Jill DeWitt: "Two, close with a notary first, then get title," but it kind of defeats the purpose. Jack Butala: That is a fantastic solution. Jill DeWitt: "Three, find a much faster company to close with using such as TitleMind, when it is ready over three weeks in both cases." Jack Butala: You can't pay for publicity like that. Jill DeWitt: Right. "We'd love to hear your experience with this kind of issue." Jack Butala: Can I start with a story? Jill DeWitt: Sure. Jack Butala: I drove to Flagstaff and stayed for two days training ... This is a lot of years ago. Training a First American Title group of people in an office up there, and they were experienced, because it's a small town. They were just ready to have 30 to 80 more deals a month. They were staffed up for it and ready and it seemed like a perfect...
House Academy is Coming Transcript: Jack Butala: Jack and Jill here. Jill DeWit: Hi! Jack Butala: Welcome to the Jack Jill Show. It's here that we provide entertaining real estate investment advice. I'm Jack Butala. Jill DeWit: Yes we do, and I'm Jill DeWit, broadcasting still from sunny Southern California, but next week it's gonna change. Jack Butala: Today Jill and I talk about House Academy, and it's coming! What is it? It's our next company release, next year. Jill DeWit: Yay! What is it, Jack? Jack Butala: What is house academy? Jill DeWit: What is it, Jack? What is that? Jack Butala: I will answer that question. Before I do, though, let's take a question posted by one of our members. Jill DeWit: I have to wait? I have to work? Jack Butala: Well, you've heard of LandAcademy.com, where you're not alone in your real estate ambition about land investing. Well, turns out same thing's happening, only times 80 with houses for us right now. We decided to share it with everyone. Jill DeWit: Gee, could it be because the whole planet is asking for it? Jack Butala: Yes, that's exactly why. Jill DeWit: Possibly. This question is from our online community, JackJill. You can find it off JackJill.com, and it is free. Joe M wrote, "Does anyone out there deal in attorney states? I have a few residential spec builders asking me to find lots." Jack Butala: So, before we get into this question, there's states that you can close transactions with through a title company, or an escrow company, and there's states that you have to choose, or you have to close through lawyers. Of course, all of them, what they never tell you is that you can actually walk the deed in, or send the deed in yourself and do your deed. This is a lot of what we teach here. But there's a perception out there of these "Attorney States" where you need a lawyer to close your real estate deal. So go ahead, Joe. Jill DeWit: "I've already negotiated a deal with an attorney to facilitate the close for $500 per property. Are there any things to watch out for that I should consider besides the longer closing timeframe due to having an attorney involved?" Well, that's for sure. "My plan is to delegate the majority of the due diligence to the builders, so that they can determine if the leads are viable options. Naturally I will require some form of non-compete clause on any leads I provide them. If a lot meets their criteria, I will get it under contract and sign it over for a pre-determined price. Any insight would be appreciated." -Joe Jack Butala: I love the take on this. That's the good news here is that you're dealing with professional people in a business instead of end-users, you've pre-negotiated with a lawyer, so at $500 a property, which is really cheap, there's probably a lot of properties that you're dealing with. That's good. All this lawyer is gonna do, by the way, is call First American Title or some large company and get a title insurance policy for you and check the stuff that our staff checks. Jill DeWit: What does that look like? Jack Butala: I'm not gonna do much, but that's okay. It's a good peace of mind. So, do I have any good insight? No, I think you're doing everything right. I would, if there's tons and tons of property and you don't own it, you don't completely control it, be careful of the people that are professionals in this business, like home builders, because they might want to snatch them.
House Academy is Coming Transcript: Jack Butala: Jack and Jill here. Jill DeWit: Hi! Jack Butala: Welcome to the Jack Jill Show. It's here that we provide entertaining real estate investment advice. I'm Jack Butala. Jill DeWit: Yes we do, and I'm Jill DeWit, broadcasting still from sunny Southern California, but next week it's gonna change. Jack Butala: Today Jill and I talk about House Academy, and it's coming! What is it? It's our next company release, next year. Jill DeWit: Yay! What is it, Jack? Jack Butala: What is house academy? Jill DeWit: What is it, Jack? What is that? Jack Butala: I will answer that question. Before I do, though, let's take a question posted by one of our members. Jill DeWit: I have to wait? I have to work? Jack Butala: Well, you've heard of LandAcademy.com, where you're not alone in your real estate ambition about land investing. Well, turns out same thing's happening, only times 80 with houses for us right now. We decided to share it with everyone. Jill DeWit: Gee, could it be because the whole planet is asking for it? Jack Butala: Yes, that's exactly why. Jill DeWit: Possibly. This question is from our online community, JackJill. You can find it off JackJill.com, and it is free. Joe M wrote, "Does anyone out there deal in attorney states? I have a few residential spec builders asking me to find lots." Jack Butala: So, before we get into this question, there's states that you can close transactions with through a title company, or an escrow company, and there's states that you have to choose, or you have to close through lawyers. Of course, all of them, what they never tell you is that you can actually walk the deed in, or send the deed in yourself and do your deed. This is a lot of what we teach here. But there's a perception out there of these "Attorney States" where you need a lawyer to close your real estate deal. So go ahead, Joe. Jill DeWit: "I've already negotiated a deal with an attorney to facilitate the close for $500 per property. Are there any things to watch out for that I should consider besides the longer closing timeframe due to having an attorney involved?" Well, that's for sure. "My plan is to delegate the majority of the due diligence to the builders, so that they can determine if the leads are viable options. Naturally I will require some form of non-compete clause on any leads I provide them. If a lot meets their criteria, I will get it under contract and sign it over for a pre-determined price. Any insight would be appreciated." -Joe Jack Butala: I love the take on this. That's the good news here is that you're dealing with professional people in a business instead of end-users, you've pre-negotiated with a lawyer, so at $500 a property, which is really cheap, there's probably a lot of properties that you're dealing with. That's good. All this lawyer is gonna do, by the way, is call First American Title or some large company and get a title insurance policy for you and check the stuff that our staff checks. Jill DeWit: What does that look like? Jack Butala: I'm not gonna do much, but that's okay. It's a good peace of mind. So, do I have any good insight? No, I think you're doing everything right. I would, if there's tons and tons of property and you don't own it, you don't completely control it, be careful of the people that are professionals in this business, like home builders, because they might want to snatch them.
How Much Time Does Startup Really Take Jack Butala: How Much Time Does Startup Really Take. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala for Land Academy, welcome to our Cash Flow From The Land show. In this episode, Jill and I discuss starting a new company and how much time it takes, and some of the associated resources we think are needed. Jill I love this topic, and heck, while LandStay, our regular old land selling operation is what, 17 years plus years old. Land Academy is still very much in the startup stage so I think this is a timely topic and as usual, I think we're pretty qualified to discuss it. Hey before we do though, let's take a question from a caller. Jill DeWit: Okay. Steven from Washington called in and asked, "I've only ever used county tax roles as data to send out mailers. Why is Data To Doorstep any better than the actual county assessor data?" Jack Butala: What's Data to Doorstep? Jill DeWit: What is Data to Doorstep? Jack Butala: I'm asking you. Jill DeWit: I know what Data to Doorstep is. Data to Doorstep is our brand new data and mailer bundled program. We have two levels, we have a membership level for our Land Academy members and then we have a Rogue Pro level because we have a number of professionals out there like real estate agents and things that they just need the data and the mailer part. So they have a Rogue Pro ... Jack Butala: We are a licensed provider of First American Titles data. The same data they use to write title policies. We are not a list reseller, which everybody else is. Jill DeWit: Right. Jack Butala: We're going to actually have a podcast- Jill DeWit: That's a good point. Jack Butala: -on that whole topic. Data to Doorstep is a product that Jill and I launched. Developed and launched. Both of us personally launched it, based on requests we were getting from our Land Academy members. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You log into a database- The same one that First American Title uses. It's online, and you choose the records that you want based on a bunch of instructional videos that I produce and that are just I guess basically out there on the internet. Not just mine, but any of them. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You choose a data set and then you print it out. Print out offers and wait for them to come back in the mail and buy some properties super under value. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: That's my two cents. Jill DeWit: Interesting. Jack Butala: That's my description of the silliness that we just created. Jill DeWit: Well the question was, why is it different by the way? How is it better? Well, because the format. I mean, that's a- That's a whole other podcast but with Data to Doorstep you do this in a couple hours on a Sunday. You can sit, pull the data, merge it into a spreadsheet ... you know, upload it to a printer. Jack Butala: Yeah. Jill DeWit: Monday they can be printing it out and putting your letters and your offers in the mail. That's the beauty of it, versus the old way. Jack Butala: What's the old way? Jill DeWit: If I'm lucky..
How Much Time Does Startup Really Take Jack Butala: How Much Time Does Startup Really Take. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala for Land Academy, welcome to our Cash Flow From The Land show. In this episode, Jill and I discuss starting a new company and how much time it takes, and some of the associated resources we think are needed. Jill I love this topic, and heck, while LandStay, our regular old land selling operation is what, 17 years plus years old. Land Academy is still very much in the startup stage so I think this is a timely topic and as usual, I think we're pretty qualified to discuss it. Hey before we do though, let's take a question from a caller. Jill DeWit: Okay. Steven from Washington called in and asked, "I've only ever used county tax roles as data to send out mailers. Why is Data To Doorstep any better than the actual county assessor data?" Jack Butala: What's Data to Doorstep? Jill DeWit: What is Data to Doorstep? Jack Butala: I'm asking you. Jill DeWit: I know what Data to Doorstep is. Data to Doorstep is our brand new data and mailer bundled program. We have two levels, we have a membership level for our Land Academy members and then we have a Rogue Pro level because we have a number of professionals out there like real estate agents and things that they just need the data and the mailer part. So they have a Rogue Pro ... Jack Butala: We are a licensed provider of First American Titles data. The same data they use to write title policies. We are not a list reseller, which everybody else is. Jill DeWit: Right. Jack Butala: We're going to actually have a podcast- Jill DeWit: That's a good point. Jack Butala: -on that whole topic. Data to Doorstep is a product that Jill and I launched. Developed and launched. Both of us personally launched it, based on requests we were getting from our Land Academy members. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You log into a database- The same one that First American Title uses. It's online, and you choose the records that you want based on a bunch of instructional videos that I produce and that are just I guess basically out there on the internet. Not just mine, but any of them. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You choose a data set and then you print it out. Print out offers and wait for them to come back in the mail and buy some properties super under value. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: That's my two cents. Jill DeWit: Interesting. Jack Butala: That's my description of the silliness that we just created. Jill DeWit: Well the question was, why is it different by the way? How is it better? Well, because the format. I mean, that's a- That's a whole other podcast but with Data to Doorstep you do this in a couple hours on a Sunday. You can sit, pull the data, merge it into a spreadsheet ... you know, upload it to a printer. Jack Butala: Yeah. Jill DeWit: Monday they can be printing it out and putting your letters and your offers in the mail. That's the beauty of it, versus the old way. Jack Butala: What's the old way? Jill DeWit: If I'm lucky..
It never hurts to be extra cautious when making one of the biggest financial decisions of your life. Here’s how you can avoid a title scam that’s making its rounds online.Buying a home? Click here to perform a full home searchSelling a home? Click here for a FREE Home Price EvaluationI’m excited to be joined today by one of our preferred title reps, Carol Wise with First American Title. She’s here to talk a little bit about title fraud and how scammers have recently been able to successfully rip people off via email.At least as far as Carol and First American Title are concerned, they will always send any personal documentation through a secure email. The con artists out there now are posing as a title rep sending a secure email, but they are actually phishing for your account info.Ask questions and pay attention. The key to avoiding a problem is to ask questions and pay attention. Never assume you’re receiving the right info until you confirm it with either your lender or your title rep on the phone or in person.If you have any questions for Carol, you can reach her at clwise@girstam.com or give her a call at (614) 554-2232. If you have any other questions for me, you can always give me a call or send me an email. I look forward to hearing from you.
How to Create Equity from Real Estate Acquisition (CFFL 430) Jack Butala: Jack Butala, Jill DeWitt. Jill DeWitt: Hi. Jack Butala: Welcome to our show today. In this episode Jill coughs on the air [laughter 00:00:06]. In this episode, Jill and I talk about how to create equity from a real estate acquisition. This is near and dear to my heart, and it's Friday and I cannot, honestly, cannot wait to talk about this. Jill DeWitt: Oh good. I'm so sorry, I didn't mean to cough in everybody's ears. Jack Butala: Before we get into it, lets take a question posted by one of our members on the Landinvestors.com online community, it's free. Jill DeWitt: Okay, Kevin ask, "I'm looking for a title company that will issue me just the title policy without having to pay escrow. I called First American Title, Chicago Title and a few others, but they all say the same thing. They tell me that in California they will only do title if escrow is involved. The property is in San Bernardino, California. Thanks in advance for the help." Well, one of our members has already chimed in, it's kind of a comment. Nat said, "Good luck, let me know if you find one. I've never heard of one that doesn't include escrow." I hear that. Jack Butala: So it turn out, and I agree with that too. So, we're gonna solve it, like we solve everything. We put together a website called, Titlemind.com. And it you go to that website, you will see when the launch date is. It hasn't been launched yet. But there's a count down to the website launch and, long story short, you type in the address of the state/county and APN. You put it in, just like you'd put something into Google, and somebody closes your deal and it way, way cheaper than going to First American or anything else. We have cut a deal with the National Title Company, this is the future. Jill DeWitt: Just going to get Title Policies. Jack Butala: Well you can choose ... Jill DeWitt: You can do both. Jack Butala: You can choose just to get a Title Policy, just to satisfy your own mind. You can choose to full-blown escrow with it or you can choose just escrow and no title. It's pretty cool. I wish I had this when I started. Jill DeWitt: Oh, I know. Jack Butala: Now, I'm tellin ya. How much money have we probably wasted on retail value Title Policies. Jill DeWitt: Exactly. Jack Butala: How many trees died? Jill DeWitt: Right. Oh my gosh. Jack Butala: Do you have a question or do you want to be on the show, reach out to either one of us on landinvestors.com. Today's topic, How to create equity from real estate acquisitions. Okay, I'll just have to say how much I love this. Jill DeWitt: Good. Jack Butala: So it use be that you would create equity by developing real estate. So, you'd take a piece of land, you'd put a shopping mall on top of it, and you'd lease the thing out to a bunch of retail outlets, and bang. Now you've created equity because the raw value of the land itself and the building cost, let's say just for fun, 10 million bucks. Now you have a revenue stream and the capitalization rate yields 20 million, lets say. Jill DeWitt: Right. Jack Butala: And you sell it. Jill DeWitt: Right. Jack Butala: That's the whole game. That's what real estate developers do. They develop it, lease it up and sell it on a cap rate. They've created , in that example, 10 million dollars worth of equity. I give you this for thought.
How to Create Equity from Real Estate Acquisition (CFFL 430) Jack Butala: Jack Butala, Jill DeWitt. Jill DeWitt: Hi. Jack Butala: Welcome to our show today. In this episode Jill coughs on the air [laughter 00:00:06]. In this episode, Jill and I talk about how to create equity from a real estate acquisition. This is near and dear to my heart, and it's Friday and I cannot, honestly, cannot wait to talk about this. Jill DeWitt: Oh good. I'm so sorry, I didn't mean to cough in everybody's ears. Jack Butala: Before we get into it, lets take a question posted by one of our members on the Landinvestors.com online community, it's free. Jill DeWitt: Okay, Kevin ask, "I'm looking for a title company that will issue me just the title policy without having to pay escrow. I called First American Title, Chicago Title and a few others, but they all say the same thing. They tell me that in California they will only do title if escrow is involved. The property is in San Bernardino, California. Thanks in advance for the help." Well, one of our members has already chimed in, it's kind of a comment. Nat said, "Good luck, let me know if you find one. I've never heard of one that doesn't include escrow." I hear that. Jack Butala: So it turn out, and I agree with that too. So, we're gonna solve it, like we solve everything. We put together a website called, Titlemind.com. And it you go to that website, you will see when the launch date is. It hasn't been launched yet. But there's a count down to the website launch and, long story short, you type in the address of the state/county and APN. You put it in, just like you'd put something into Google, and somebody closes your deal and it way, way cheaper than going to First American or anything else. We have cut a deal with the National Title Company, this is the future. Jill DeWitt: Just going to get Title Policies. Jack Butala: Well you can choose ... Jill DeWitt: You can do both. Jack Butala: You can choose just to get a Title Policy, just to satisfy your own mind. You can choose to full-blown escrow with it or you can choose just escrow and no title. It's pretty cool. I wish I had this when I started. Jill DeWitt: Oh, I know. Jack Butala: Now, I'm tellin ya. How much money have we probably wasted on retail value Title Policies. Jill DeWitt: Exactly. Jack Butala: How many trees died? Jill DeWitt: Right. Oh my gosh. Jack Butala: Do you have a question or do you want to be on the show, reach out to either one of us on landinvestors.com. Today's topic, How to create equity from real estate acquisitions. Okay, I'll just have to say how much I love this. Jill DeWitt: Good. Jack Butala: So it use be that you would create equity by developing real estate. So, you'd take a piece of land, you'd put a shopping mall on top of it, and you'd lease the thing out to a bunch of retail outlets, and bang. Now you've created equity because the raw value of the land itself and the building cost, let's say just for fun, 10 million bucks. Now you have a revenue stream and the capitalization rate yields 20 million, lets say. Jill DeWitt: Right. Jack Butala: And you sell it. Jill DeWitt: Right. Jack Butala: That's the whole game. That's what real estate developers do. They develop it, lease it up and sell it on a cap rate. They've created , in that example, 10 million dollars worth of equity. I give you this for thought.
5 Mistakes New Land Investors Make Jack Butala: 5 Mistakes New Land Investors Make. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala with Jill DeWit. Jill DeWit: Hey there. Jack Butala: Welcome to our show today. In this episode, Jill and I talk about the 5 mistakes we see new land investors make. Good show Jill. First, before we get into it, let's take a question posted by one of our members on thelandacademy.com online community, it's free. Jill DeWit: All right. Luke asks, "With owner financing, who do you have pay the taxes if you're carrying the financing? How do you structure this?" Great question because some properties would buy and flip for cash and some would carry, $99 down, $99 a month. Jack Butala: Exactly, good background. Jill DeWit: Gosh, okay. I have the property, the guy's paying me $99 for 6 years, who's going to pay the taxes? Jack, do you want to tell [inaudible 00:00:48]? Jack Butala: Yeah. Jill DeWit: You're the number person. Jack Butala: There's 2 ways to do it. Well 3. One way is you build the taxes into the payment. If you, let's say ... Here's the deal. We'll just use a 5 acre property that you purchase for 1000 bucks and you sell it for 5000 on terms, on payments. Let's say it's $99 down and $99 a month, so here's 3 ways you can handle that, paying the property taxes annually on that deal. You actually build it into the price or into the interest rate or however you look at it, or into the payment and then you pay the taxes, so you take on a note. You basically create a private mortgage and you take on that note and create an income stream. The tax bill comes the next November, whatever the tax time is for that state and you write the check personally. You take it out, not personally, but your company or whatever. You pay the taxes and you manage it. This is how we choose to do it and have chosen to do it for years because we want to make sure the taxes get paid. We would rather take that responsibility to do that than have the buyer forget to pay the taxes and then we don't know about it. Pretty soon the county is sending us letters saying, "You have back tax property now," so that's one way and I think the best way. To answer your question Luke, that's how we do it. Another way is to open escrow and then have either a note manager or an escrow manager manage the transaction all throughout the years that they make those payments. They literally collect the payment, the person writes the check out to First American Title, or whoever managing it for you, then at the end of the month, if you have hundreds and hundreds of notes and they're all with the same person, they cut them one big huge check. Some people pay, some people don't, some people are late. They handle all that for you. They also handle the taxes. The third way, of course, is the first way we mentioned but only the seller actually pays the taxes, so the property is in our name, the sellers name ... I'm sorry, the buyer. The property is in our name for the duration of the payment cycle. Then when we get the taxes, we send the bill to the seller and then just pray that they're going to pay. Jill DeWit: I know. They really did follow through. Jack Butala: That's the worst. Jill DeWit: Then you're kind of babysitting it. I don't feel comfortable, even if they say, "Yeah, done." I kind of want to check it. Jack Butala: I don't know anybody who does it that way, by the way.
5 Mistakes New Land Investors Make Jack Butala: 5 Mistakes New Land Investors Make. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala with Jill DeWit. Jill DeWit: Hey there. Jack Butala: Welcome to our show today. In this episode, Jill and I talk about the 5 mistakes we see new land investors make. Good show Jill. First, before we get into it, let's take a question posted by one of our members on thelandacademy.com online community, it's free. Jill DeWit: All right. Luke asks, "With owner financing, who do you have pay the taxes if you're carrying the financing? How do you structure this?" Great question because some properties would buy and flip for cash and some would carry, $99 down, $99 a month. Jack Butala: Exactly, good background. Jill DeWit: Gosh, okay. I have the property, the guy's paying me $99 for 6 years, who's going to pay the taxes? Jack, do you want to tell [inaudible 00:00:48]? Jack Butala: Yeah. Jill DeWit: You're the number person. Jack Butala: There's 2 ways to do it. Well 3. One way is you build the taxes into the payment. If you, let's say ... Here's the deal. We'll just use a 5 acre property that you purchase for 1000 bucks and you sell it for 5000 on terms, on payments. Let's say it's $99 down and $99 a month, so here's 3 ways you can handle that, paying the property taxes annually on that deal. You actually build it into the price or into the interest rate or however you look at it, or into the payment and then you pay the taxes, so you take on a note. You basically create a private mortgage and you take on that note and create an income stream. The tax bill comes the next November, whatever the tax time is for that state and you write the check personally. You take it out, not personally, but your company or whatever. You pay the taxes and you manage it. This is how we choose to do it and have chosen to do it for years because we want to make sure the taxes get paid. We would rather take that responsibility to do that than have the buyer forget to pay the taxes and then we don't know about it. Pretty soon the county is sending us letters saying, "You have back tax property now," so that's one way and I think the best way. To answer your question Luke, that's how we do it. Another way is to open escrow and then have either a note manager or an escrow manager manage the transaction all throughout the years that they make those payments. They literally collect the payment, the person writes the check out to First American Title, or whoever managing it for you, then at the end of the month, if you have hundreds and hundreds of notes and they're all with the same person, they cut them one big huge check. Some people pay, some people don't, some people are late. They handle all that for you. They also handle the taxes. The third way, of course, is the first way we mentioned but only the seller actually pays the taxes, so the property is in our name, the sellers name ... I'm sorry, the buyer. The property is in our name for the duration of the payment cycle. Then when we get the taxes, we send the bill to the seller and then just pray that they're going to pay. Jill DeWit: I know. They really did follow through. Jack Butala: That's the worst. Jill DeWit: Then you're kind of babysitting it. I don't feel comfortable, even if they say, "Yeah, done." I kind of want to check it. Jack Butala: I don't know anybody who does it that way, by the way.
You Can't Lose Jack Butala: You Can't Lose. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here for LandAcademy, welcome to our Cash Flow From Land Show. In this episode, Jill and I talk about how you cannot lose at buying undervalued property. All you need to bring to the table is ambition and commitment. Jill, this has a promise to be a really fun show. Jill DeWit: Mm-hmm (affirmative). Aren't they all fun? Jack Butala: I'm sure that we're going to find a way to make it all go sideways, but before we get into it, let's take a question. Jill DeWit: They're all fun. Okay. Jack Butala: Oh, and we never ever mention the phone number. Jill DeWit: I need to do that. Well, I will. It's 888-735-5045. Couple things, real quick I'll remind everybody. Call that number. Leave us a question. We might use your question, or you even on the air. Then, as a side note, don't forget everyone, rate this show on iTunes and you're in the drawing every month for a free property. Okay. Stephanie from Fresno called in and asked, "I've heard you say that your data resource works for all types of properties. I'm a realtor. How can this help me?" Jack Butala: Oh, ho. Jill DeWit: Yeah. Jack Butala: Oh, Jill, you should answer this. This is one of your favorite questions. Jill DeWit: I know. I'm putting something together. Stephanie, I'm putting something together for you. It's coming. I have a few realtors that are already using our data with success, but the word has not gotten out yet that what we do could be for single-family homes. Jack Butala: Yeah. Jill DeWit: It can be for people who are flippers. Jack Butala: Apartments. Jill DeWit: It could be for people buying apartments. It can be for investors looking for whatever type of properties. It works for it all. Basically, the ... Our data resource is the best out there, and it has ... I haven't been able to stump it as far as ... It's unstumpable as far as whatever detail you need. Jack Butala: That's right. Jill DeWit: You need to canvas an area by a location, you can do that. Canvas it by zip code, you can do that. Jack Butala: By map. Jill DeWit: By a map. By a county. Jack Butala: It's not a data list, so I get a lot of questions like that. Jill DeWit: No. Jack Butala: It's not like ... We don't send you a list. Jill DeWit: Mm-hmm (negative). Jack Butala: You access the actual same database that First American Title does to write title insurance properties. It's the best data on the planet. I cannot say that enough. Jill DeWit: Well my big thing is it does things that other ... There's things out there that have some of the capabilities but they're limited to those if that makes sense. Jack Butala: Yeah. Jill DeWit: There are versions of this out there, but they cannot get in and do ... You cannot specify improvement percentage. You cannot specify all the details that we have that are in there. You can get nitty gritty detail. You want to know loan type. Jack Butala: Yeah. Jill DeWit: Loan value. Jack Butala: Foreclosures or something. Jill DeWit: You want to know foreclosures. Jack Butala: Mortgage amounts. All that. Jill DeWit: You want to know square footage, mortgage amounts, liens if there are any. Jack Butala: It's powerful, man. Jill DeWit: Even the names that their liens are in. I mean it's stellar. Jack Butala: This is the single way, the best way, that I know of to get a listing as a realtor. Jill DeWit: Mm-hmm (affirmative). Jack Butala: Is to send out direct mail based on a very specific crite...
You Can't Lose Jack Butala: You Can't Lose. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here for LandAcademy, welcome to our Cash Flow From Land Show. In this episode, Jill and I talk about how you cannot lose at buying undervalued property. All you need to bring to the table is ambition and commitment. Jill, this has a promise to be a really fun show. Jill DeWit: Mm-hmm (affirmative). Aren't they all fun? Jack Butala: I'm sure that we're going to find a way to make it all go sideways, but before we get into it, let's take a question. Jill DeWit: They're all fun. Okay. Jack Butala: Oh, and we never ever mention the phone number. Jill DeWit: I need to do that. Well, I will. It's 888-735-5045. Couple things, real quick I'll remind everybody. Call that number. Leave us a question. We might use your question, or you even on the air. Then, as a side note, don't forget everyone, rate this show on iTunes and you're in the drawing every month for a free property. Okay. Stephanie from Fresno called in and asked, "I've heard you say that your data resource works for all types of properties. I'm a realtor. How can this help me?" Jack Butala: Oh, ho. Jill DeWit: Yeah. Jack Butala: Oh, Jill, you should answer this. This is one of your favorite questions. Jill DeWit: I know. I'm putting something together. Stephanie, I'm putting something together for you. It's coming. I have a few realtors that are already using our data with success, but the word has not gotten out yet that what we do could be for single-family homes. Jack Butala: Yeah. Jill DeWit: It can be for people who are flippers. Jack Butala: Apartments. Jill DeWit: It could be for people buying apartments. It can be for investors looking for whatever type of properties. It works for it all. Basically, the ... Our data resource is the best out there, and it has ... I haven't been able to stump it as far as ... It's unstumpable as far as whatever detail you need. Jack Butala: That's right. Jill DeWit: You need to canvas an area by a location, you can do that. Canvas it by zip code, you can do that. Jack Butala: By map. Jill DeWit: By a map. By a county. Jack Butala: It's not a data list, so I get a lot of questions like that. Jill DeWit: No. Jack Butala: It's not like ... We don't send you a list. Jill DeWit: Mm-hmm (negative). Jack Butala: You access the actual same database that First American Title does to write title insurance properties. It's the best data on the planet. I cannot say that enough. Jill DeWit: Well my big thing is it does things that other ... There's things out there that have some of the capabilities but they're limited to those if that makes sense. Jack Butala: Yeah. Jill DeWit: There are versions of this out there, but they cannot get in and do ... You cannot specify improvement percentage. You cannot specify all the details that we have that are in there. You can get nitty gritty detail. You want to know loan type. Jack Butala: Yeah. Jill DeWit: Loan value. Jack Butala: Foreclosures or something. Jill DeWit: You want to know foreclosures. Jack Butala: Mortgage amounts. All that. Jill DeWit: You want to know square footage, mortgage amounts, liens if there are any. Jack Butala: It's powerful, man. Jill DeWit: Even the names that their liens are in. I mean it's stellar. Jack Butala: This is the single way, the best way, that I know of to get a listing as a realtor. Jill DeWit: Mm-hmm (affirmative). Jack Butala: Is to send out direct mail based on a very specific crite...
Throwing Land at Jill Jack Butala: Throwing Land at Jill. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here form Land Academy. Welcome to our Cash Flow from Land show. In this episode Jill and I talk about how many deals we are managing at any given time, and how we choose which ones to complete. Jill, it's raining land deals right now. I see it on the computer every single morning. I can't wait to talk about this with you, but hey, as always, before we do, let's take a question. Jill DeWit: Sure. Jonathan, from Alabama, asks, "There are no tax sales here. How can I buy land for my house?" Good question. Jack Butala: What does that mean, do you think? Jill DeWit: What's up in Alabama? First question is: Why are you leaving Alabama, because ... Jack Butala: Oh, my gosh. Jill DeWit: I'm just kidding. I'm just kidding. One of my best friends from years ago lives in Montgomery, Alabama, and I know she's very happy there, so Steven ... Jack Butala: I think he means how can I buy land to buy a house on, or I think what he really means is, I want to buy land, or I want to buy inexpensive property right near here, and I can't find any tax sales. Jill DeWit: Is there any chance that they're not ... I mean, I don't know. I'm looking to you because I have not dealt with Alabama. Jack Butala: There is virtually ... Well, they have, I'm sure, from a statute standpoint, you have to have some type of tax thing, but maybe there is somebody that ... Who knows? Let's just say he's right. Let's say there is no tax sales. I think we're kind of in the business of sending mailers here, so what I would recommend is to send a mailer out to some highly focused areas that you want to buy a house in, or a data product, Data to Doorstep works just as well with buying houses, if not better. Buying land, in fact Jill and I are in a process of releasing a very specific program using the same data to help buy houses and help realtors get listings and all of that. I would highly recommend if you're having issues anywhere, not just Alabama, with buying property as inexpensively as you expect to, to implement the Data to Doorstep product that Jill and I have. Back to this tax sale thing, I mean, if it wasn't ... if you didn't want to buy it just to buy a house, you could go straight to Florida, there's a great tax, they have a tax sale there every week in every county. Jill DeWit: Accept for just investment purposes and making some money to pay for you house in Alabama. Jack Butala: Yeah, exactly. Yeah, I guess that ... Here's the big picture to answer that question: you're never stuck. I don't care where you are in the country, there's data. Jill DeWit: That's true. Jack Butala: The Data to Doorstep program that we have contains the best real estate data in the country. It's the same data that First American Title uses to write policies. It's not just a list. You're downloading from an active data base, so that is the right way to do it. Jill DeWit: The main thing is too, don't give up. Just because you think you hit a brick wall, there's a work around. There's a work around for everything. Jack Butala: Think twice before you ask questions because we don't know how to answer them sometimes. Jill DeWit: Very funny. How did this make it on? Just kidding. I'm teasing. Jack Butala: How did we come to title a program called Throwing Land at Jill? Jill DeWit: Oh, my God. It was based on, last night in my car at 9:00, getting a call. Jack Butala: I have a lot to say about this. At this point in your career should you be taking direct phone calls in a car? Jill DeWit: I didn't know, okay, so here's the deal: we can flip a switch here in our office where calls can be forwarded anywhere, to a certain person,
Throwing Land at Jill Jack Butala: Throwing Land at Jill. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here form Land Academy. Welcome to our Cash Flow from Land show. In this episode Jill and I talk about how many deals we are managing at any given time, and how we choose which ones to complete. Jill, it's raining land deals right now. I see it on the computer every single morning. I can't wait to talk about this with you, but hey, as always, before we do, let's take a question. Jill DeWit: Sure. Jonathan, from Alabama, asks, "There are no tax sales here. How can I buy land for my house?" Good question. Jack Butala: What does that mean, do you think? Jill DeWit: What's up in Alabama? First question is: Why are you leaving Alabama, because ... Jack Butala: Oh, my gosh. Jill DeWit: I'm just kidding. I'm just kidding. One of my best friends from years ago lives in Montgomery, Alabama, and I know she's very happy there, so Steven ... Jack Butala: I think he means how can I buy land to buy a house on, or I think what he really means is, I want to buy land, or I want to buy inexpensive property right near here, and I can't find any tax sales. Jill DeWit: Is there any chance that they're not ... I mean, I don't know. I'm looking to you because I have not dealt with Alabama. Jack Butala: There is virtually ... Well, they have, I'm sure, from a statute standpoint, you have to have some type of tax thing, but maybe there is somebody that ... Who knows? Let's just say he's right. Let's say there is no tax sales. I think we're kind of in the business of sending mailers here, so what I would recommend is to send a mailer out to some highly focused areas that you want to buy a house in, or a data product, Data to Doorstep works just as well with buying houses, if not better. Buying land, in fact Jill and I are in a process of releasing a very specific program using the same data to help buy houses and help realtors get listings and all of that. I would highly recommend if you're having issues anywhere, not just Alabama, with buying property as inexpensively as you expect to, to implement the Data to Doorstep product that Jill and I have. Back to this tax sale thing, I mean, if it wasn't ... if you didn't want to buy it just to buy a house, you could go straight to Florida, there's a great tax, they have a tax sale there every week in every county. Jill DeWit: Accept for just investment purposes and making some money to pay for you house in Alabama. Jack Butala: Yeah, exactly. Yeah, I guess that ... Here's the big picture to answer that question: you're never stuck. I don't care where you are in the country, there's data. Jill DeWit: That's true. Jack Butala: The Data to Doorstep program that we have contains the best real estate data in the country. It's the same data that First American Title uses to write policies. It's not just a list. You're downloading from an active data base, so that is the right way to do it. Jill DeWit: The main thing is too, don't give up. Just because you think you hit a brick wall, there's a work around. There's a work around for everything. Jack Butala: Think twice before you ask questions because we don't know how to answer them sometimes. Jill DeWit: Very funny. How did this make it on? Just kidding. I'm teasing. Jack Butala: How did we come to title a program called Throwing Land at Jill? Jill DeWit: Oh, my God. It was based on, last night in my car at 9:00, getting a call. Jack Butala: I have a lot to say about this. At this point in your career should you be taking direct phone calls in a car? Jill DeWit: I didn't know, okay, so here's the deal: we can flip a switch here in our office where calls can be forwarded anywhere, to a certain person,
Little Old Lady From Pasadena Jack Butala: Little Old Lady From Pasadena. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Welcome to Land Academy, this is the cash flow from land show, where we show you how to buy unwanted vacant land and sell it for more on the internet. I'm Jack Butala. Jill DeWit: I'm Jill DeWit. We are your hosts. Jack Butala: With over 15,000 completed transactions, we are the experts in this nichy land flipping business. Jill DeWit: We hold a drawing to win a free property every month. Enter to win by reviewing this show on iTunes, and downloading our free e-book at landacademy.com. All right, let's get this show started. Jack Butala: Jack Butala here for the land academy, welcome to our cash flow from land show. In this episode, Jill and I talk about how Jill is helping a little old lady in Pasadena prepare her estate. Jill, you can't make this stuff up. I titled it like this because I know you like the Beach Boys. Jill DeWit: It is a little old lady from Pasadena too, and I love the Beach Boys. Jack Butala: For all of you young listeners out there, there's a song out there by ... Well, you don't care. Hey, as always, I can't wait to talk about this, but before we do, let's take a question. Jill DeWit: Sure, okay. We have a question from a caller, Robert from San Francisco asks, when do I need title insurance? Jack Butala: Oh, that's a good question and it comes up all the time. Hey, if you want to be on this show and you want to have us read your question or actually even be on the show, call 888-735-5045, and we'll listen to your message and give you a call back, and talk a little bit more. If you're funny, we'll have you on the show. If you sound like Eeyore, we'll probably just read it. Sorry, Robert from San Francisco. Jill DeWit: Answer the question, Steven. Answer the question, Claire. I have something to say about that too, go ahead. Jack Butala: When do you need title insurance? Well, the hard and fast rule cutting to the super chase for us is if we buy an asset for more than about $4,000-$5,000, we almost always get title insurance. The reason is, not because we are concerned, but it's more because when we go to sell it, it just makes regular buyers, especially retail buyers, more comfortable. When do you need, need, need title insurance, without what I just said? When you're buying a house, when you're spending a lot of money, when there's any question in your mind that there may not be a clean title, but the way that we do it and the way that we teach it and all of our members do it, there's pretty much no ... I mean, there's not no question, but your risk is so low you kind of act as your own title agent/escrow agent, because you check to see who owned it and who owns it, and that's what we teach. Jill DeWit: Do your own due diligence. Jack Butala: Be a very informed buyer. Jill DeWit: You are a very informed buyer, that's exactly right. Jack Butala: We show you exactly how to do it, and we provide the tools. We have a product called Data to Doorstep, where you get all the data to send mailers out, and it's literally an ongoing, constantly replenishing database that First American Title, among many other customers, uses to write title policies, so we're literally getting the exact same, and so are our members, our Data to Doorstep members. Getting the exact same data that escrow and title agents...
Little Old Lady From Pasadena Jack Butala: Little Old Lady From Pasadena. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Welcome to Land Academy, this is the cash flow from land show, where we show you how to buy unwanted vacant land and sell it for more on the internet. I'm Jack Butala. Jill DeWit: I'm Jill DeWit. We are your hosts. Jack Butala: With over 15,000 completed transactions, we are the experts in this nichy land flipping business. Jill DeWit: We hold a drawing to win a free property every month. Enter to win by reviewing this show on iTunes, and downloading our free e-book at landacademy.com. All right, let's get this show started. Jack Butala: Jack Butala here for the land academy, welcome to our cash flow from land show. In this episode, Jill and I talk about how Jill is helping a little old lady in Pasadena prepare her estate. Jill, you can't make this stuff up. I titled it like this because I know you like the Beach Boys. Jill DeWit: It is a little old lady from Pasadena too, and I love the Beach Boys. Jack Butala: For all of you young listeners out there, there's a song out there by ... Well, you don't care. Hey, as always, I can't wait to talk about this, but before we do, let's take a question. Jill DeWit: Sure, okay. We have a question from a caller, Robert from San Francisco asks, when do I need title insurance? Jack Butala: Oh, that's a good question and it comes up all the time. Hey, if you want to be on this show and you want to have us read your question or actually even be on the show, call 888-735-5045, and we'll listen to your message and give you a call back, and talk a little bit more. If you're funny, we'll have you on the show. If you sound like Eeyore, we'll probably just read it. Sorry, Robert from San Francisco. Jill DeWit: Answer the question, Steven. Answer the question, Claire. I have something to say about that too, go ahead. Jack Butala: When do you need title insurance? Well, the hard and fast rule cutting to the super chase for us is if we buy an asset for more than about $4,000-$5,000, we almost always get title insurance. The reason is, not because we are concerned, but it's more because when we go to sell it, it just makes regular buyers, especially retail buyers, more comfortable. When do you need, need, need title insurance, without what I just said? When you're buying a house, when you're spending a lot of money, when there's any question in your mind that there may not be a clean title, but the way that we do it and the way that we teach it and all of our members do it, there's pretty much no ... I mean, there's not no question, but your risk is so low you kind of act as your own title agent/escrow agent, because you check to see who owned it and who owns it, and that's what we teach. Jill DeWit: Do your own due diligence. Jack Butala: Be a very informed buyer. Jill DeWit: You are a very informed buyer, that's exactly right. Jack Butala: We show you exactly how to do it, and we provide the tools. We have a product called Data to Doorstep, where you get all the data to send mailers out, and it's literally an ongoing, constantly replenishing database that First American Title, among many other customers, uses to write title policies, so we're literally getting the exact same, and so are our members, our Data to Doorstep members. Getting the exact same data that escrow and title agents...
This week on All in the Industry, Shari Bayer is talking with Bruce Bronster, Attorney, Windels Marx Lane & Mittendorf, LLP. Bruce F. Bronster’s practice focuses on several key areas: hospitality and restaurants, commercial disputes, tax lien and mortgage foreclosures and general business advice. His numerous high-profile representations include corporations and individuals, such as: Tower Capital Management, Capital One Bank, One West Bank, Credit Suisse, First American Title, Chicago Title, IndyMac, JD Carlisle, Pat LaFrieda Wholesale Meats, GMC, New Valley Realty, Tiffany & Co., Bear Stearns, JP Morgan Chase, BlackRock, XSPAND, CGM Group, EMC Group, Mooring Tax Asset Group, Jay Leno, The Moinian Group and numerous high-profile celebrities, restaurants, and others. “Real estate dovetails well with the hospitality industry.” [09:00]
How Much Time Does Startup Really Take Jack Butala: How Much Time Does Startup Really Take. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala for Land Academy, welcome to our Cash Flow From The Land show. In this episode, Jill and I discuss starting a new company and how much time it takes, and some of the associated resources we think are needed. Jill I love this topic, and heck, while LandStay, our regular old land selling operation is what, 17 years plus years old. Land Academy is still very much in the startup stage so I think this is a timely topic and as usual, I think we're pretty qualified to discuss it. Hey before we do though, let's take a question from a caller. Jill DeWit: Okay. Steven from Washington called in and asked, "I've only ever used county tax roles as data to send out mailers. Why is Data To Doorstep any better than the actual county assessor data?" Jack Butala: What's Data to Doorstep? Jill DeWit: What is Data to Doorstep? Jack Butala: I'm asking you. Jill DeWit: I know what Data to Doorstep is. Data to Doorstep is our brand new data and mailer bundled program. We have two levels, we have a membership level for our Land Academy members and then we have a Rogue Pro level because we have a number of professionals out there like real estate agents and things that they just need the data and the mailer part. So they have a Rogue Pro ... Jack Butala: We are a licensed provider of First American Titles data. The same data they use to write title policies. We are not a list reseller, which everybody else is. Jill DeWit: Right. Jack Butala: We're going to actually have a podcast- Jill DeWit: That's a good point. Jack Butala: -on that whole topic. Data to Doorstep is a product that Jill and I launched. Developed and launched. Both of us personally launched it, based on requests we were getting from our Land Academy members. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You log into a database- The same one that First American Title uses. It's online, and you choose the records that you want based on a bunch of instructional videos that I produce and that are just I guess basically out there on the internet. Not just mine, but any of them. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You choose a data set and then you print it out. Print out offers and wait for them to come back in the mail and buy some properties super under value. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: That's my two cents. Jill DeWit: Interesting. Jack Butala: That's my description of the silliness that we just created. Jill DeWit: Well the question was, why is it different by the way? How is it better? Well, because the format. I mean, that's a- That's a whole other podcast but with Data to Doorstep you do this in a couple hours on a Sunday. You can sit, pull the data, merge it into a spreadsheet ... you know, upload it to a printer. Jack Butala: Yeah. Jill DeWit: Monday they can be printing it out and putting your letters and your offers in the mail. That's the beauty of it, versus the old way. Jack Butala: What's the old way? Jill DeWit: If I'm lucky..
How Much Time Does Startup Really Take Jack Butala: How Much Time Does Startup Really Take. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala for Land Academy, welcome to our Cash Flow From The Land show. In this episode, Jill and I discuss starting a new company and how much time it takes, and some of the associated resources we think are needed. Jill I love this topic, and heck, while LandStay, our regular old land selling operation is what, 17 years plus years old. Land Academy is still very much in the startup stage so I think this is a timely topic and as usual, I think we're pretty qualified to discuss it. Hey before we do though, let's take a question from a caller. Jill DeWit: Okay. Steven from Washington called in and asked, "I've only ever used county tax roles as data to send out mailers. Why is Data To Doorstep any better than the actual county assessor data?" Jack Butala: What's Data to Doorstep? Jill DeWit: What is Data to Doorstep? Jack Butala: I'm asking you. Jill DeWit: I know what Data to Doorstep is. Data to Doorstep is our brand new data and mailer bundled program. We have two levels, we have a membership level for our Land Academy members and then we have a Rogue Pro level because we have a number of professionals out there like real estate agents and things that they just need the data and the mailer part. So they have a Rogue Pro ... Jack Butala: We are a licensed provider of First American Titles data. The same data they use to write title policies. We are not a list reseller, which everybody else is. Jill DeWit: Right. Jack Butala: We're going to actually have a podcast- Jill DeWit: That's a good point. Jack Butala: -on that whole topic. Data to Doorstep is a product that Jill and I launched. Developed and launched. Both of us personally launched it, based on requests we were getting from our Land Academy members. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You log into a database- The same one that First American Title uses. It's online, and you choose the records that you want based on a bunch of instructional videos that I produce and that are just I guess basically out there on the internet. Not just mine, but any of them. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: You choose a data set and then you print it out. Print out offers and wait for them to come back in the mail and buy some properties super under value. Jill DeWit: Mm-hmm (affirmative)- Jack Butala: That's my two cents. Jill DeWit: Interesting. Jack Butala: That's my description of the silliness that we just created. Jill DeWit: Well the question was, why is it different by the way? How is it better? Well, because the format. I mean, that's a- That's a whole other podcast but with Data to Doorstep you do this in a couple hours on a Sunday. You can sit, pull the data, merge it into a spreadsheet ... you know, upload it to a printer. Jack Butala: Yeah. Jill DeWit: Monday they can be printing it out and putting your letters and your offers in the mail. That's the beauty of it, versus the old way. Jack Butala: What's the old way? Jill DeWit: If I'm lucky..
Now Licensed to Sell Best Data in the World Jack Butala: Now Licensed to Sell Best Data in the World. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here, for Land Academy. Welcome to our "Cash Flow from Land" show once again. In this episode, Jill and I talk about our licensing deal, our brand-new licensing deal with First American Title. I'll tell you, I couldn't be more excited about this topic and actually doing this podcast. Say, right before we do this, before we get started, let's take a question from a caller today. I think that you brought it up right before the show. Jill DeWit: We do have people call in and leave questions for us, and I'd like to answer one right now from Martin in southern Arizona. Martin called in and asked this: "I'm a licensed agent and I'm having difficulty getting comfortable completing my own transactions without an escrow or a title agent. What do you recommend?" Jack Butala: What I think he really means, and this is a very common issue with ... I'm so glad, by the way, that this person called in, because I think this can really help a lot of people. Jill DeWit: It's a good question. Jack Butala: Many of the members that we have are real estate agents or former real estate agents. A couple of people come to mind who are recently retired and extremely seasoned real estate agents who made enough to retire on buying and selling homes and land and ranches for other people, representing other people. Here's how it goes, and when ... I think this is a great question, because a lot of very seasoned people and a lot of real estate agents, once they negotiate the deal or help the buyer and the seller get to an agreement to sell their property or buy their property, they shove it off to a title or an escrow agent, who are, by the way, some of my favorite people on the planet. I've had many, many, many, and have many, former escrow and title people ... Jill DeWit: Many? How many? Jack Butala: Many, many. They send the deal over to the title escrow agent, and then no one talks for, what, 15 days, and they magically produce all the papers to sign. Jill DeWit: Right, then a few e-mails, and then that's it. Jack Butala: The agents never learn to do their own deal, like Jill does, that her staff does all the time. They don't physically produce a deed. They don't arrange for signatures and do all kind of the paperwork piece of this. Martin is a little gun-shy, a little bit, and probably a little ... I have to congratulate him for at least bringing it up. A lot of people are real embarrassed about it. Jill DeWit: Just to say that? Jack Butala: Lot of real estate people, yeah. Jill DeWit: I have one that I'm doing right now. Jack Butala: Let's hear it. Jill DeWit: Have I told you about this? I have a real estate agent who reached out to me months ago, and connected with me on a real estate form that we share, that we're involved in. Not our own, it's a different one. Anyway. Next thing you know, he's bringing deals to me. I'm like, "Wait a minute. I thought he was reaching out to me because he wanted to learn to do what we're doing," which I think he does, but he's so ... It's just like this. He must be gun-shy, because he's negotiating the deal and then handing the whole thing to me, and I'm like ... Jack Butala: Because you're the title agent. Jill DeWit: Because I ap...
Now Licensed to Sell Best Data in the World Jack Butala: Now Licensed to Sell Best Data in the World. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here, for Land Academy. Welcome to our "Cash Flow from Land" show once again. In this episode, Jill and I talk about our licensing deal, our brand-new licensing deal with First American Title. I'll tell you, I couldn't be more excited about this topic and actually doing this podcast. Say, right before we do this, before we get started, let's take a question from a caller today. I think that you brought it up right before the show. Jill DeWit: We do have people call in and leave questions for us, and I'd like to answer one right now from Martin in southern Arizona. Martin called in and asked this: "I'm a licensed agent and I'm having difficulty getting comfortable completing my own transactions without an escrow or a title agent. What do you recommend?" Jack Butala: What I think he really means, and this is a very common issue with ... I'm so glad, by the way, that this person called in, because I think this can really help a lot of people. Jill DeWit: It's a good question. Jack Butala: Many of the members that we have are real estate agents or former real estate agents. A couple of people come to mind who are recently retired and extremely seasoned real estate agents who made enough to retire on buying and selling homes and land and ranches for other people, representing other people. Here's how it goes, and when ... I think this is a great question, because a lot of very seasoned people and a lot of real estate agents, once they negotiate the deal or help the buyer and the seller get to an agreement to sell their property or buy their property, they shove it off to a title or an escrow agent, who are, by the way, some of my favorite people on the planet. I've had many, many, many, and have many, former escrow and title people ... Jill DeWit: Many? How many? Jack Butala: Many, many. They send the deal over to the title escrow agent, and then no one talks for, what, 15 days, and they magically produce all the papers to sign. Jill DeWit: Right, then a few e-mails, and then that's it. Jack Butala: The agents never learn to do their own deal, like Jill does, that her staff does all the time. They don't physically produce a deed. They don't arrange for signatures and do all kind of the paperwork piece of this. Martin is a little gun-shy, a little bit, and probably a little ... I have to congratulate him for at least bringing it up. A lot of people are real embarrassed about it. Jill DeWit: Just to say that? Jack Butala: Lot of real estate people, yeah. Jill DeWit: I have one that I'm doing right now. Jack Butala: Let's hear it. Jill DeWit: Have I told you about this? I have a real estate agent who reached out to me months ago, and connected with me on a real estate form that we share, that we're involved in. Not our own, it's a different one. Anyway. Next thing you know, he's bringing deals to me. I'm like, "Wait a minute. I thought he was reaching out to me because he wanted to learn to do what we're doing," which I think he does, but he's so ... It's just like this. He must be gun-shy, because he's negotiating the deal and then handing the whole thing to me, and I'm like ... Jack Butala: Because you're the title agent. Jill DeWit: Because I ap...
Building your business and growing your wealth starts with improving your mindset. Cappi Pidwell, today's special guest, is a leading expert in human behavior as a Master of NLP (Nero Linguistic Programming) and Advanced Hypnotherapy; she has been studying human behavior for 19 years. As a business owner, speaker and "inner" success Master, Cappi has worked with thousands of individuals and corporations, educating all levels of executive management and professionals, on how to increase their abilities and mindset, personally and professionally. Such companies as: Re-Max Real Estate, First American Title, Keller Williams, Coldwell Banker, Century 21, Prudential, Hoag Hospital and Fidelity Title have all benefited from her keen success building methods and powerful subconscious mindset formulas. For more information about the Show and Mat and Mark, visit www.refreshyourwealth.com.
Building your business and growing your wealth starts with improving your mindset. Cappi Pidwell, today's special guest, is a leading expert in human behavior as a Master of NLP (Nero Linguistic Programming) and Advanced Hypnotherapy; she has been studying human behavior for 19 years. As a business owner, speaker and “inner” success Master, Cappi has worked with thousands of individuals and corporations, educating all levels of executive management and professionals, on how to increase their abilities and mindset, personally and professionally. Such companies as: Re-Max Real Estate, First American Title, Keller Williams, Coldwell Banker, Century 21, Prudential, Hoag Hospital and Fidelity Title have all benefited from her keen success building methods and powerful subconscious mindset formulas Join me on Tuesday, November 11th, at 11am PST / 2 EST! You can call in and listen LIVE on the road at 646-200-4285, or listen in here from your computer.
Building your business and growing your wealth starts with improving your mindset. Cappi Pidwell, today's special guest, is a leading expert in human behavior as a Master of NLP (Nero Linguistic Programming) and Advanced Hypnotherapy; she has been studying human behavior for 19 years. As a business owner, speaker and "inner" success Master, Cappi has worked with thousands of individuals and corporations, educating all levels of executive management and professionals, on how to increase their abilities and mindset, personally and professionally. Such companies as: Re-Max Real Estate, First American Title, Keller Williams, Coldwell Banker, Century 21, Prudential, Hoag Hospital and Fidelity Title have all benefited from her keen success building methods and powerful subconscious mindset formulas. For more information about the Show and Mat and Mark, visit www.refreshyourwealth.com.
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