Jill Friday – 3 Relationships You Need in Your Land Business (LA 1612)

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Jill Friday - 3 Relationships You Need in Your Land Business (LA 1612) Transcript: Steven Jack Butala: Steve and Jill here. Jill DeWit: Hello. Steven Jack Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit broadcasting from the Valley of the Sun. Steven Jack Butala: Today is Jill Friday. And she's going to talk about the three relationships that you really should have, or that you need in your land business. Jill DeWit: They're not husbands, it's not children, it's not boss, it's not accountant. Steven Jack 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 please don't forget to subscribe to the land academy YouTube channel and comment on the shows you like. Jill DeWit: Ian wrote, hey everyone, I have a property owner I'm talking to who owns a piece of property that has a dilapidated trailer on it. The property is pretty far back from a highway, but there appears to be a lengthy dirt road that goes through several pieces of property. Looks like there are a few other homes back down this road. Does anyone have any recommendations for determining legal access to the property? The sellers don't know much about it as they inherited it. There's nothing in writing that they know of. They told me they use the road to get to the property, but like I said, the trailer needs to be torn down and they really go back there. Is this an implied easement situation? Any input is appreciated. Steven Jack Butala: It's a very good question and just like yesterday, it's a question that I directly got involved in on discord. All these things start with a plat map. A plat map is one of those... It's black and white. It's some type of a surveyor or way back in the day before even surveyors, there are people that would hand write maps based on the stuff that they found from the measurements that they took. And it's the most basic map you can get. We don't use them a lot anymore because of Google earth and things like that and data tree, but a plat map will have in when it was subdivided the legal roads. Nine times out of 10, way more than that actually probably. And they're identified by dotted lines, not straight lines. Straight lines are property lines, dotted lines are roads or easements if they're involved in other properties. Steven Jack Butala: So you'll start with that and you'll see it. If it goes along people's property lines and there are no properties between it, that's just a driveway and you won't see that on a plat map. Think about your own driveway or a driveway in a subdivision or even a parking lot in an apartment building. You won't see that in a plat map, you'll just see the property line and that's it and here's the dirt. And so this is going to take some digging into and it's worth it because I love these kinds of deals, by the way. If there's an old mobile home and it's way back somewhere off the road and it... You started to tell the story about the sales story here. Jill DeWit: Right? Steven Jack Butala: So I'd definitely get to the end of it. In a rare case if they find out, there's no easement at all. It sounds like the property is being used that way, or it has been used that way. So if you just talk to the neighbors and say, "Hey, do you mind if we make this official? I'm going to call my lawyer and we'll just redraft this stuff. The guys can sign some stuff so I can use it. That'd be great." Jill DeWit: Right? Steven Jack Butala: That happens a lot with us because she's on the phone doing it and she's talking nice to these neighbors. Flies with honey kind of thing. Jill DeWit: Thank you, sweetheart. Steven Jack Butala: Today's Jill Friday. She's going to talk about the three relationships you need in your land business. This is the meat of the show. Jill DeWit: So there aren't three individual people because every transaction is differ...

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