All Forum Posts by: Jack Butala

@Alfred Green @Deborah Hill @Harry Asnien @Seth Williams

Thanks, Greg.  This is one of the many details we cover in our new effort.  It's an online academy that teaches real estate investors how to flip land.  Every single aspect is covered and it's a lot of fun.

Here is how it works:

1. A seller agrees to sell a property (let's say 10 acres in Southern California) for $1,000.  We cover the cost and strategy.

2. Generate all of the county specific documents required to transfer the property.  In this case its a deed and a PCOR (Southern California).  Cost is free.

3.  Locate a notary on http://www.123notary.com close to where the seller lives and they arrange to meet at the seller's home, office or nearby restaurant.  Notary cost is between $40 and $100.

4.  Send the documents and a Cashier's check to the notary with a self addressed stamped envelope with tracking number.  The notary meets the seller, notarizes the seller's signature on the documents and hands the person a cashier's check on the spot.  Then sends the documents back.  USPS packages are about $5.65 each or about $12.00 total.

5.  Receive the deed and related documents and send them into the county to be recorded. Cost is between $15.00 and about $40.00 to record documents.

6.  You own the land!  You can sell it on the internet on terms or wholesale it for cash.  

Land priced as low as $499.00 total cost (no funny business)..

Mortcare & Notesmith are the two industry standard packages. We use Mortcare for our own notes as well as with our students at landacademy.org. They work well but were written in DOS so don't expect them to look good. Mortcare works great to send out 1099-int interest statements to your customers for their taxes which is really what you need software for in addition to amortization math which you are probably doing correctly in Excel already.

Congrats on getting into flipping land in CO.  We continue to have a ton of success in Costilla county.

Great Access, Acreage and Affordability

20 Acres in Concho Valley, AZ

Apache County APN: 201-02-022

20 Miles NE of ShowLow, AZ at 6000 feet altitude.

GPS: 34.469890 -109.790031 for Google Earth

Please make a cash offer if you are interested.

We are looking for $3,500.00 total price.

It was title insured from our buyer.

[email protected]

Thanks, Steven Butala

We sell land on eBay and other places on the internet.  We've sold more than 15,000 properties since 1999 and just started to include videos.  We are getting great feedback from our customers but I need some feedback from people in the industry.  My goal is to reduce the tsunami of questions associated with each posting.  We are pretty happy with sales and sale prices.

Please be brutally honest.  Here are the links.  

Thanks in advance for your time and opinion.  SB.. 

https://www.youtube.com/watch?v=dWApBP9eJCQ

https://www.youtube.com/watch?v=7zuxShS0FH4

https://www.youtube.com/watch?v=T8kC-_ZN7m0

https://www.youtube.com/watch?v=cuZ0ArxNB7Y

LandStay.com is a land wholesale company. 15,000 properties sold since 1999

Video Link:

https://www.youtube.com/watch?v=7zuxShS0FH4

Please email me if you want the actual Google Earth file in the video. 

[email protected]

SIZE: 20 +/-Acres

APN: 448-120-04-08

LEGAL DESCRIPTION: Parcel No. 20, as shown on Parcel Map No. 8, filed February 19, 1968 in Book 1, Page 57, of Parcel Maps, in the Office of the County Recorder of said County.

STATE: CA

COUNTY: Kern

GENERAL LOCATION: 10 Miles South West of Tehachapi,California.

GPS: 35.111472 -118.645373 - Copy and paste this into Google Earth.

DRIVING DIRECTIONS: Merge onto CA-58 E - 36.7 mi.Take the CA-202 exit toward Tehachapi 0.3 mi - turn right onto CA-202 W/CA-58 Business/Tucker Rd-Continue to follow CA-202 W/Tucker Rd-1 mi-Turn right onto CA-202/W Valley Blvd- 3.4 mi-Turn left onto Banducci Rd-0.2 mi-Take the 1st right to stay on Banducci Rd-8.3 mi-Continue onto Comanche Point Rd-0.8 mi-Turn right onto Jacks Hill Rd-1.4 mi. At the end of the Jacks Hill Rd, please refer to maps and GPS. It yards away. Please see the “Special Note” below and check the detailed maps at the end of the posting for details.

CONVEYANCE DOCUMENT: Grant Deed

GENERAL ELEVATION: 4300 feet

ZONING: Rural-Residential (contact county for details)

ROADS: Dirt

PROPERTY TAX: Approximately $134/year. All property taxes are current.

@Jake Hartnett 

I have known Mark Podolsky since 1999.  We worked together at the same investment bank and I got him into this business.  We have partnered too many transactions to count since that time.  I have no affiliation with his package and don't get paid for this post in any way.

The package is the real deal. Its appropriate if you really need all of the details about buying and selling raw land.

He also gives a full refund (if you follow the rules) after you complete your first deal.

Its a step by step "how-to" process on the whole effort.

If you have any questions, please let me know.

@Sam Jones 

Our model is as follows:  Buy for $1,000.00 and sell for $2,000.00.  We sell a lot of properties where we only make a few thousand dollars per property.  The buyers are regular Joes looking for an honest and great deal on eBay.  They usually pay by credit card.

The Outline.

I Acquisitions:

• Get a list of the properties with accumulated back taxes associated with them. Most counties sell them very cheap.
• Contact the owners and separate the ones who don’t care about owning the property any longer (most of them inherited the dirt) with the ones who want to negotiate (keep those for later). You will get between a 5% and 20% response from direct mail. 
• Buy the property for very little – from $100 to $1,000 in the beginning (Yes, we do this all the time).

II Sales:

• Sell the property to a buyer for at least twice what you paid. You have reached them from one of three of your efforts.
  • A list you created of people in the real estate business who own similar property in the area (wholesaler). The best way.  Takes awhile to establish trust but they love you in the end.
  • Craigslist.org, landwatch.com, land&farm.com, Trulia.com, Zillow.com… ect. (Retailer).  Better price but you must have patience (I don't).
  • eBay.com. Either "Buy it Now" or a 30-day $1 no reserve auction.  You can predict your cash flow this way because it almost always sells. You get a new customer for the future with every sale. Definitely the way to go if you only expect to double your money.

There are 3 reasons why property does not sell quickly (it all sells eventually but we want to turn a quick buck):

• It’s not priced properly. Most people who complain about property not selling are asking too much for the land.
• The property is not good.  It does not have one of the three “A’s. (Access, Attributes, Acreage).  It should have all three.
• You are not reaching the right buyers with this opportunity.

You only need to sell 5-8 properties per month to make about $10K/mo or $120K per year.

I've received thousands of requests from people who would like to try this in their area. We are developing a comprehensive program to help them accomplish their own wealth accumulation.  Hope this helps.

@Jason Burton 

Thanks for the post.  I've made a career buying rural real estate through traditional channels and selling it for twice our basis in less than 30 days.  If you have any questions, give me a shout.  We have generated more than $15M in revenue and sold more than 14,000 properties since 1999.  Utah is a great place to purchase properties that sell pretty well in eBay.  Hope this helps.

Thanks, @Cody Ferguson.  Send me a note through my website with your schedule.  I'm happy to meet with you if our schedules work out.