Busting Real Estate Myths: Investing Doesn’t Have To Be Risky!

Is real estate investing risky? Not if you do it right! In this episode, Steven Jack Butala and Jill K DeWit tackle the myth that real estate investment is inherently risky, offering practical strategies for minimizing risk and maximizing returns. They explore the importance of due diligence, market research, and leveraging data to make informed decisions. They also discuss the benefits of surrounding yourself with a supportive community, such as the Land Academy network, to gain valuable insights and avoid costly mistakes. Discover how you can confidently navigate the real estate market, reduce your risk exposure, and achieve your investment goals with greater peace of mind. Listen to the podcast here Busting Real Estate Myths: Investing Doesn't Have To Be Risky! Land Academy Member QuestionThis is Episode 2077, and the topic is we are talking about myths. This is our fourth myth, “Real estate investment is risky.” I don't think so. We are going to explain to you why real estate agents think that they are smarter than you and they are not. Each day on the show, we answer a question from our Land Academy member Discord forum and take a deep dive into land-related topics by popular request. Let's take a question.I have to admit. Here's what happened. I had a little bit of a rant about a particular topic. There are some very good, smart, “experienced” real estate agents that I know, and I appreciate that whole place. I happened to be ranting. This one, it's like a dog with a bone. He's funny. I was going off a little bit. I will share it next time. I have a lot to say. Here’s the question that we have from Discord. Michael wrote,“Hi, Land Academy Community. I need help. In the four years I have been at Land Academy, I haven’t done great, but I have always made money. This calendar year, however, I am completely stuck. I have sent nearly 40,000 mailers, but I haven’t landed a single deal, and I’m down to less than $10,000 of working capital. I have some personal financial commitments coming due, and I need some profits. Have you ever been in a similar situation? What did you do to find success? Do you have hints on how to break my losing streak and close on some deals? Thanks in advance for any suggestions and encouragement.” I put this in because we have all been in this situation. If you have ever owned a company or participated in life, you know there are ups and downs financially. Especially, and I chose this question because our topic if you take any type of risk. Getting into this business to buy and sell land and make money is slightly risky. Buying and selling land, in my opinion, has a very small amount of risk, which we’ll talk about. Michael, we have all been in this situation. Jill, what was your response?You’ve got to change some things. I see this happening a lot. Who’s answering the phone? Is the best person taking those calls? You sent out enough mailers you should have some deals. My first thought was whoever’s taking those calls may not be the best person at creating a deal. Number one. Number two, have they created several deals, and you kicked them all to the curb because your due diligence checker or picker is off? I have seen all of these things happen.You’ve got to shake it up, and something’s got to change. Some of these have good ideas, and it ties to my talk that I did for the Land Academy Community for advanced training. One of them said, “Go back to your pipeline.” It ties in with those deals that maybe kicked him to the curb. Why did you kick him to the curb? Maybe there's something there.Maybe whatever was going on then with you, or the seller, has changed. Someone said, "Go back to your stupid pipeline and see what's there, and give them a callback.” TWhichI would like to add, give them a callback. See what's going on with them, understand the deal, and see if you can't put something together but you are at the end of the year. Start dropping things like,