Luke Mitchell

Luke Mitchell replied to the topic Does my llc need to register in AR in the forum **Pro-Only Members – Ask A Question** 2 days ago

Nope. Done several deals there and its not been an issue on my end with my GA based LLC.

Luke Mitchell replied to the topic Mailer Template Purchase Agreement in the forum **Ask A Question** 2 days ago

Hey Laurie, thanks so much! Loved your recent interview by the way…you are doing great things and are an inspiration to us just starting out!

Luke Mitchell replied to the topic Mailer Template Purchase Agreement in the forum **Ask A Question** 4 days ago

Thanks so much, Kevin!

Luke Mitchell started the topic Mailer Template Purchase Agreement in the forum **Ask A Question** 5 days ago

Hey guys, hope everyone is doing well. Just curious how many of you send just the PA in the mailer from O2Os to the title company/attorney versus closing with another version of a PA, perhaps even as far as a state or Realtor version of a PA? I only bring this up because many attorneys have sort of chuckled at my PA I’ve used when I was…[Read more]

Luke Mitchell replied to the topic Buyer wants to live on land with owner financing in the forum **Pro-Only Members – Ask A Question** 1 week ago

Just out of curiosity, how much did this buyer put down? I ask because sometimes the percentage will reflect the ability of the buyer to actually do what they say and it is a good barometer for how things will play out.

Luke Mitchell replied to the topic RGY Test: Quick Question in the forum **Pro-Only Members – Ask A Question** 2 weeks ago

I have not yet. Hoping Steven or Jill could help narrow down their preferred timelines.

Luke Mitchell replied to the topic Are you on Clubhouse? Join Jill Today! in the forum **Ask A Question** 2 weeks ago

Looking forward to it!

Luke Mitchell replied to the topic RGY Test: Quick Question in the forum **Pro-Only Members – Ask A Question** 3 weeks ago

Yeah, I’ve got enough data but getting the right time frame is important in the metrics. If I do 3 or 6 months, that percentage for “New List to Sold” percentage is very different than if I did 3 or 5 years. I’m not sure if this data point is as important as say the “active to total properties” data point, but either way they both reflect a color…[Read more]

Luke Mitchell started the topic RGY Test: Quick Question in the forum **Pro-Only Members – Ask A Question** 3 weeks ago

Hey guys, hope all is well. I’m doing a more diligent job this time around with the RGY test and was following along with Jack and Jill in Lesson 3 on 1.0 Rural Vacant Land. I see where Redfin is on Column K in the Equity Planner and was curious how many days or months are we supposed to go back on Redfin’s data for this data point? I see Redfin…[Read more]

Luke Mitchell replied to the topic Owner Financing Question in the forum **Pro-Only Members – Ask A Question** 1 month ago

Wow! Never thought of using Tik Tok as a sales platform. I appreciate the insight Luke!

Luke Mitchell replied to the topic Owner Financing Question in the forum **Pro-Only Members – Ask A Question** 1 month ago

Thanks guys!

Luke Mitchell started the topic Owner Financing Question in the forum **Pro-Only Members – Ask A Question** 1 month ago

Hey guys,

Hope all is well with everyone as we ring in 2021! Quick question….I have two infill lots in Arkansas and they are both priced under $2,200. I am wondering if I should offer OF on them, as they are both on slight slopes, which is why I’m having a hard time moving them. I am just curious if I should offer OF on them since they are…[Read more]

Luke Mitchell started the topic Great VA's for Mail Merging and Data Scrubbing in the forum **Pro-Only Members – Ask A Question** 1 month ago

Hey guys,

Hope everyone had an amazing Christmas! I’m looking into Land Masters for helping me with mail merging and data scrubbing. I wanted to hear everyone’s input if they have experience with them or any suggestions on another VA service with these features to help me with the data part of the business. I have heard Jack and Jill mention…[Read more]

Luke Mitchell replied to the topic More Pricey Lots Sell as Fast? in the forum **Ask A Question** 2 months ago

@ Anthony Great data points! Thanks for the insight.

@Kevin Yeah, I definitely agree about selling for less. “I was timid when I first started to work with larger, more expensive parcels. The real problem is not in selling them. The problem is buying them. The sellers are not as motivated and are more knowledgeable (in general).” <— This is a…[Read more]

Luke Mitchell replied to the topic Title company in Arkansas in the forum **Ask A Question** 2 months ago

City Title in Fayetteville is superb. Reach out to Eric Crawford.

City Title & Closing

3790 N. Bellafont Blvd., Ste. 3

Fayetteville, AR 72703

479-935-4177- Main

479-313-8884- Direct

Luke Mitchell started the topic More Pricey Lots Sell as Fast? in the forum **Ask A Question** 2 months ago

Hey guys, hope everyone is having a great week! My question is concerning higher priced lots and their associated timeline to sell. We all know by now that purchasing around 30 to 35% of FMV will result in our resell price to be around 60 to 70% of FMV, allowing us to double our money. Is this really the basis and only driving factor for quickly…[Read more]

Luke Mitchell replied to the topic Timely response in selecting the best deals in the forum **Ask A Question** 2 months ago

Sounds like a great problem, Thomas!

Luke Mitchell replied to the topic Do I need Title Insurance here? in the forum **Pro-Only Members – Ask A Question** 2 months ago

@Kevin I think this is a great answer and perspective on the situation. Basically, if he is willing to wait, he can get the full offer price but if he demands a hurried close, you need to be able to protect yourself, therefore, a smaller price. Pretty clear to me. Good luck to you @Josh!

Luke Mitchell replied to the topic Do I need Title Insurance here? in the forum **Pro-Only Members – Ask A Question** 2 months ago

Hey Kevin, I think he was talking about the seller not being patient to wait to close the deal.

As far as the survey and title insurance, why not wait to get those done and cleaned up after you buy. This will allow you to close on a great deal and still resolve the issue with title. I’ve never done this before but heard Jack speak about doing this.

@landjmf

January 2021