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Episode Synopsis
Bulk Mail Printing Explained
Jack Butala: Bulk Mail Printing Explained. 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: Welcome to Land Academy. I'm Jack Butala.
Jill : I'm Jill DeWit.
Jack: We show you how to buy real estate for half of what it's worth.
Jill : And sell it on the internet really fast.
Jack: (both speaking)
We are Jack and Jill and this is the Jack and Jill Show 2.
Jack: With over 15,000 completed transactions we're the experts at acquiring property.
Jill : Of all kinds, not just land.
Jack: For half price, and flipping them for way more.
Jill : All right, lets get this show started.
Jack: Jack Butala with Jill DeWit.
Jill : Hello.
Jack: Welcome to our show today, in this episode Jill and I talk about Bulk Mill Printing explained. It's Friday.
Jill : Happy Friday.
Jack: First lets take a question posted by one of our members on Land Academy's free online community.
Jill : Cool. All right. Brandon, not Luke, Brandon ... We have a lot of Luke's ... Brandon asked I have someone wanting to sell but is interested in maintaining the mineral rights. Before I call her back I want to be prepared. What is recommended? Try to keep mineral rights with the property if possible, or it's no big deal and proceed with the deed stating that she retains them. Any issues trying to sell the property with no mineral rights?
Jack: Would you like to go or should I?
Jill : Go for it.
Jack: This is how mineral rights are conveyed and have been conveyed since homesteading property. Let's say in the whole chain of title since homestead, there's 10 people and you are number 9, the person you are going to sell it to in a month from now is number 10. Does this property have mineral rights? How do I know? What happens is, between number 1 and number 8 somebody withheld the mineral rights and they put it right on the deed.
It says "I cam conveying this property whose legal description is this, and everything involved with it except mineral rights." How do you know if it was 2 or 3, how do you know the property still contains mineral rights? You have to go back and get all 8 documents. How realistic is that? Since back to the 1700's or whenever it was homesteaded. Extremely unlikely, in my opinion. That's how you know if the property has mineral rights. Best case, to answer one of these questions in here ... I love when there's like 6 questions ... The best case is that the mineral rights are still with the property, but it's going to take a lot of doing to find out. Mining companies are experts at it.
Jill : It's funny, a lot of the deeds nowadays, the mineral rights, once they get taken out when someone's keeping the mineral rights, most of the deeds stop putting that phrase in there because it's just the property legal description. Mineral rights are not even discussed in the legal description, to find out you really have to go back. Which is a good thing we have access to all of that stuff we can do it ourselves. You have to go back and look at the deeds and see who got them and when. If you want to make it easy on yourself, Brandon, this is one of the things that we do. We pretty much tell our folks unless otherwise stated, please assume our properties do not have mineral rights. Because most of the time they do not.
Jack: For the scope of what's going on here Jill, that's outstanding. Just assume that it doesn't have it. If you want to get in the mineral right business, and some people have done that and do that after they get involved with us, there's a lot of different ways to do that. Assume that it doesn't have any.
Jill : Do we have any properties selling the properties mineral rights? Not at all. That's what we do.
Jack Butala: Bulk Mail Printing Explained. 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: Welcome to Land Academy. I'm Jack Butala.
Jill : I'm Jill DeWit.
Jack: We show you how to buy real estate for half of what it's worth.
Jill : And sell it on the internet really fast.
Jack: (both speaking)
We are Jack and Jill and this is the Jack and Jill Show 2.
Jack: With over 15,000 completed transactions we're the experts at acquiring property.
Jill : Of all kinds, not just land.
Jack: For half price, and flipping them for way more.
Jill : All right, lets get this show started.
Jack: Jack Butala with Jill DeWit.
Jill : Hello.
Jack: Welcome to our show today, in this episode Jill and I talk about Bulk Mill Printing explained. It's Friday.
Jill : Happy Friday.
Jack: First lets take a question posted by one of our members on Land Academy's free online community.
Jill : Cool. All right. Brandon, not Luke, Brandon ... We have a lot of Luke's ... Brandon asked I have someone wanting to sell but is interested in maintaining the mineral rights. Before I call her back I want to be prepared. What is recommended? Try to keep mineral rights with the property if possible, or it's no big deal and proceed with the deed stating that she retains them. Any issues trying to sell the property with no mineral rights?
Jack: Would you like to go or should I?
Jill : Go for it.
Jack: This is how mineral rights are conveyed and have been conveyed since homesteading property. Let's say in the whole chain of title since homestead, there's 10 people and you are number 9, the person you are going to sell it to in a month from now is number 10. Does this property have mineral rights? How do I know? What happens is, between number 1 and number 8 somebody withheld the mineral rights and they put it right on the deed.
It says "I cam conveying this property whose legal description is this, and everything involved with it except mineral rights." How do you know if it was 2 or 3, how do you know the property still contains mineral rights? You have to go back and get all 8 documents. How realistic is that? Since back to the 1700's or whenever it was homesteaded. Extremely unlikely, in my opinion. That's how you know if the property has mineral rights. Best case, to answer one of these questions in here ... I love when there's like 6 questions ... The best case is that the mineral rights are still with the property, but it's going to take a lot of doing to find out. Mining companies are experts at it.
Jill : It's funny, a lot of the deeds nowadays, the mineral rights, once they get taken out when someone's keeping the mineral rights, most of the deeds stop putting that phrase in there because it's just the property legal description. Mineral rights are not even discussed in the legal description, to find out you really have to go back. Which is a good thing we have access to all of that stuff we can do it ourselves. You have to go back and look at the deeds and see who got them and when. If you want to make it easy on yourself, Brandon, this is one of the things that we do. We pretty much tell our folks unless otherwise stated, please assume our properties do not have mineral rights. Because most of the time they do not.
Jack: For the scope of what's going on here Jill, that's outstanding. Just assume that it doesn't have it. If you want to get in the mineral right business, and some people have done that and do that after they get involved with us, there's a lot of different ways to do that. Assume that it doesn't have any.
Jill : Do we have any properties selling the properties mineral rights? Not at all. That's what we do.
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