Think you need a fortune to invest in real estate? Think again! This episode debunks the myth that it takes a ton of money to get started in real estate, especially when it comes to land investing. Steven Jack Butala and Jill K DeWit share practical strategies for building wealth with limited capital, including their proven method for turning $10,000 into $250,000 within a year. They also explore creative financing options, such as leveraging other people's money and partnering with funders within the Land Academy community. Discover how you can unlock the potential of real estate investment, even with limited funds, and achieve financial freedom through strategic land acquisitions.
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Busting Real Estate Myths: It Doesn't Take A Ton Of Money To Invest!
This is episode number 2076. We are talking about myths all week. This episode’s myth is that it takes a ton of money to invest in real estate. I don't think so.I t takes a ton of money to invest in real estate. In some properties, it does. If you're brand-new and you’re doing houses, and you don't have a community or you don't have people behind you, it does take money. I hear a lot of people saying, “I can't jump into it because I don't have $200,000 to plop down on a median-priced home in a good area. I can’t plop down $200,000 and put $60,000 into renovations to hopefully sell it for $350,000,” because in that area, that's what it's worth. It’s between $350,000 and $400,000. Those would be real numbers. Maybe they’re like, “I don't have the credit score. I don't have this.” It needs money for that product type. I'm talking about SFR. We didn't even talk about, “I want to have an apartment complex or a duplex,” or fill in the blank. It gets higher.People automatically think they are not candidates, that they can't do this, or that they're not going to be in the club because they haven't saved up a couple hundred thousand dollars. I'm here to tell you I got a great way for you to get a couple hundred thousand dollars. When you know of my way and my plan on how to easily go from $10,000 to a couple hundred thousand dollars, seriously, you're going to realize, “Why would I even ever change that plan?” to which I say, “Exactly.”I want to hear Jill’s quarter-million-dollar plan.It's easy. We're going to do it on the show. We haven't even gotten to the show. We have a question to do. We have all kinds of things.Land Academy Member QuestionEach 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. Johnny wrote, “I am brand-new to Land Academy. My brother and I are partners. We are wondering if there are any states or counties that may look good when trolling but we should not waste our time on.”There are terrible states to buy and sell land in and there are amazing states to buy and sell land depending on who you are and what you like. We have many members who buy and sell and put food on the table full-time. Buy and sell land in California. We have made a lot of money in California. We no longer do for a lot of reasons. In the last several years, it has changed. It has changed politically, tax-wise, and all of that. You are subject under a microscope in that state. For that reason, we don't buy land there. Half of you who are tuning in to this are going to completely disagree and that's fine.It's fine. I'll also look at the deals if you need funding.West Virginia has a lot of problems with what we call undivided interest. Long story short, multiple APNs were assigned to people, not to the properties. The way we send out mail and look at data doesn't apply to West Virginia. In the New England states, we have some people there from our Land Academy group that smash it. Jill and I do tend to avoid that state. It's got more regulations.We are middle-of-the-country people, in general. All those middle states,

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