Confidence in Your Success AND Failure (LA 1618)

14:26
 
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Manage episode 305550218 series 2791667
על ידי Steven Butala & Jill DeWit, Steven Butala, and Jill DeWit התגלה על ידי Player FM והקהילה שלנו - זכויות היוצרים שמורות למפרסם, לא ל-Player FM, והשמע מוזרם ישירות מהשרתים שלכם. הירשמו כדי לעקוב אחר עדכונים ב-Player FM, או הדביקו את כתובת העדכונים באפליקציות פודקאסט אחרות.
Confidence in Your Success AND Failure (LA 1618) Transcript: Steven Jack Butala: Steve and Jill here. Jill DeWit: Well, hello. Steven Jack Butala: Welcome to the Land Academy Show. It's 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 Jill and I talk about confidence and your success and your failure. I think this came from Jill's binge watching PBS biographies. Jill DeWit: Specials. Might have been. Exactly. Are we going to hear a football coach story? Steven Jack Butala: Oh, I don't know. It's only so many times I can tell these football coach stories. Jill DeWit: I was just going to say, we've kind of all heard it. Steven Jack Butala: I think we'll leave it alone. Jill DeWit: Yeah. Okay. Thank you. I was saying that to save you, listener. Steven Jack Butala: If you're brand new, the whole gist of it is- Jill DeWit: Uh oh. Steven Jack Butala: Celebrate your failure. Jill DeWit: There we go. Okay. Steven Jack Butala: Make the best of it. Jill DeWit: We'll get into that. Steven Jack Butala: Because you're on your way to success. Before we get into this though, let's take a question posted by one of our members on the landinvestors.com online community. It's free, and don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like. Jill DeWit: [Erin 00:01:07] wrote, "Has anyone mailed Hawaii? Wondering if there is anything weird, different, or just anything to know or avoid? For example, lava zones. I don't want to buy a [foreign language 00:01:23]-" Steven Jack Butala: I think it's [foreign language 00:01:25], yeah. Jill DeWit: "Or something and find out that the locals don't approve. I see there is a HARPTA withholding for non-residents of 7.5%." Steven Jack Butala: Same thing in California. Jill DeWit: But it looks like you can apply to get that back. Sounds like Canadian stuff too. Also, that seems to be two land systems will require some reading up on. Steven Jack Butala: That's all true. Jill DeWit: Okay. Steven Jack Butala: We have another member who piped in here who's got a lot of experience in Hawaii and I included this question in here because this is the kind of typical thing that happens in Discord. Jill DeWit: I love it. Steven Jack Butala: They all help each other. Jill DeWit: Help each other out. So, Steven, a different Steven wrote, "Hey Erin. There are unique things to Hawaii like other states. I've done a number of deals there in the lower price points on the Big Island, and I'm now working on a larger deal so it's possible. Avoid lava zones one and two, lower Puna. Demand is generally not high for most areas on the Big Island as supply is high and the weather is poor. The land court system isn't a big deal if you close through title companies. Title companies in general are more expensive and slower. Hit me up if you get stuck." That's so cool. Steven Jack Butala: There's several subdivisions that are very much non developed on the Big Island where I purchased property in the past. I actually took a trip there a lot of years ago and met in Honolulu, met with everybody, met with the state people about tax properties and back tax properties and I was met with nothing except roadblocks for a lot of reasons, so... Jill DeWit: Is it because you're from the mainland? Steven Jack Butala: Probably. Jill DeWit: Ah, okay. Steven Jack Butala: That was definitely part of it. There's no doubt about it, so... I'm used to a system here out in the Southwest, in Southern California, in Arizona, New Mexico, Texas, where tax sales are part of life and they happen in some cases, in Texas's case, weekly. So, that's just not the case there. In fact, every time I read about Hawaii and real estate, they're off out in the Pacific Ocean on their own. They make their own rules. Everything's slower. The state is forever caught up in this, "Yeah,

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