Real estate wholesaling involves acquiring properties under contract and assigning them to end buyers for a fee, requiring skills in deal negotiation, problem-solving for issues like unpermitted structures, and understanding closing processes including double closings and title work. Successful wholesalers must be able to negotiate creative solutions with sellers, such as splitting permit costs or adjusting down payments, while maintaining deal viability. The wholesaler's role includes passing inspection, coordinating with transaction coordinators, and ensuring all parties understand the deal terms before closing.
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How to Wholesale Real Estate on Zillow *LIVE Q&A*Added:
Okay. [snorts] Got a good energy going today.
>> [laughter] >> got an outdoor live stream today. Okay, so for the next three hours, um I'm going to take questions on wholesaling real estate. I'm going to try to get houses under contract. We're going to start off by calling my buyer who just walked a property that I sent him and we're going to see if it happens. So, I'm just going to demonstrate the up, the downs, the goods, the bads. Starting with is my $15,000 assignment fee passing its inspection.
Making a phone call now. Alina, come on up. Chris 247, come on up at Alina.
Oh, we're calling McKenna Kger. Call McKenna Kger.
>> Calling McKenna Crager.
Elena, I got you.
>> Chris 247.
Got you.
>> Hey, Richard.
>> Hey, how you doing?
>> Good. I'm at the house now.
>> Yeah. Uh Oh, okay. So, you probably need a little bit of time to walk through it.
>> I I actually just finished um House of >> Destroyed. It's destroyed. Deal's off.
No, the house looks small. There is an issue, but I want to talk to you about it.
>> Oh [ __ ] >> Um, the ADU is unpermitted. The engineer that built it wants another $6,000 to get the permit.
>> Oh, so the seller was actually telling me something about that. Did he Were you with the seller? Did he Did he uh >> I I stepped out uh so we could have a call, but yeah, he's still here as well.
>> Talk to him about that because I think he's willing to make it work. I'm I'm pretty sure that he can either He was telling me something about the engineer and the permit and and finishing it or something like that.
>> So, the engineer wants $6,000. Seller's broke and he doesn't want to split it.
The engineer offered to do three and three. The engineer pays three and the seller pays three. Um seller says he doesn't have the money for it. So, >> if I wanted to talk to you, maybe >> I'll just lower his down payment by the six. I'll just say, "Hey, we need to give it needs to be." So, I I'll just say >> exactly. And then I told him, "Let's have the engineer contact you. Agree."
The engineer pays the six, gets the permit done. We'll close once the permit's done, and then we can reimburse him the the three or whatever.
>> Um, >> wait, wait, wait. Say that again. We We'll close once the permit's done and we can reimburse the seller of the three or the builder.
>> The whoever pays it, the seller, the engineer, doesn't matter.
>> Okay. So, so >> I'm I'm thinking the engineer though because it sounds like the seller doesn't have any money.
>> Okay. Can you can you just um since you're with him on the ground and I think you're more likely to get that done. Can you just tell him like, "Hey, you know, we're going to actually do 39 instead of 45 since we had no idea that we need to pay your builder um 5,000 or $6,000 to get it done." Honestly, I think if we just if you want I can call him, but since you're like on the ground with him right now, say 39 instead of 45 because I have it at 45 down.
>> Perfect. Yeah, if you're okay with that, I'll do that. And then I'll tell him to have the engineer get in contact with us and we'll we'll have the engineer pay for it. We'll reimburse him at closing from the closing table. Everybody's happy. Um and we'll go from there.
>> Good. Good. Good. Good. Okay. Awesome.
But the rest of the house was okay.
>> Rest of the house is great. Yeah. You know, there's doors off the hinges and it's dirty, but nothing crazy.
Everything works.
>> Good. Good.
>> Looks good. Do you um just do you want to think you can talk to him in the next 10 minutes? See what he says? I I'm sure he's gonna say yes because the thing is he wanted 40k down. I offered him 45 to pay his realtor, but now the realtor's not being paid. So he's he's pretty much getting what he initially wanted.
>> Perfect. I'll talk to him right now and I'll call you back.
>> Huge. Thanks so much. Appreciate that, man.
>> Yeah. Hey, what's his name?
>> Um his name is Gerald. Gerald.
>> Gerald.
>> No, no, no, not Gerald. Gerald.
>> Gerald. Gerald. Okay.
>> Yeah. Correct.
>> Perfect. Richard, I'll talk you back.
Bye. Bye.
>> Okay. So, nice little hack getting my buyer to negotiate for me there. Um I don't want to have that conversation, but yeah, you know, there's an ADU on the property. ADU is not finished. Um in order to permanent builder needs $6,000, bro hasn't paid the builder 6,000. We're giving him 45. No, no, no. You're getting 39. Um but wow. Um Jezmar, that's a that's a 15K fee. I don't know if you saw that, but we got McKenna to pick up another deal that I got start to finish. So very very no audio. What? No audio.
>> I hear you. I hear you.
>> You're good. You're all good.
>> Gosh, that's my trigger word. I hate that. [laughter] No audio. Okay.
>> You're good, boss.
>> Okay. Okay. Um, how's the 20k bleed going? Slowly patching it. Slowly patching it. I mean, 20 20k while it's a lot of money, it's not going to sink the ship. Um, anyways, let's start uh getting through a couple people who had questions today and then I'm going to demonstrate actually a cash deal start to finish today. So, I'm going to do a I'm going to do a cash deal start to finish and um I'll show that as well.
But um Jezar, we were going to talk today about some sort of fix and flip. I actually have another lender for you just in case you need that.
>> Yeah. So, I'm going send you the address, right? But the only thing that she said was wrong with it was the deck.
And the deck needs 20k of work. So, the house was built in 2016.
It's a 32. The ranks can go for 1,500.
And yeah, I'm like, if it's only for 20,000, that's why I asked you about the hard money loan and if I can get a hard money loan just for the debt.
>> You can get a hard money loan.
>> If I can do that, that's crazy.
>> You can get a hard money loan for the renovation, which could include the deck. Um, I I typically fix decks. Like in my house on Merlin, we we had to redo the deck.
>> Same with the >> Right. But this one needs no work. Like the house looks pristine to Yeah, I sent you the link in which you me a DM.
>> Yeah, I might just be out of context, man. I'm sorry. I just might not be fully understanding what's going on here. Um, okay.
>> No, so the house is not distressed, but the deck is $20,000 worth of work. So, their financing keeps going through, like keeps falling through because they've been under contract like four times, and that keeps coming up the debt, but the no lender will lend on it.
So, I was thinking, okay, I can get a hard money loan interest, put $20,000, and takes the debt. Like do they do that or is it does does the house need to be distressed as well?
>> They they will do that. Yeah, they'll they'll do that. They'll do that for for whatever. Yeah, if you need 20,000, totally fine. Um this, however, is this is a fine house, but it I will be honest, it's not a particularly desirable house. It just looks like a slight tier above mobile home.
>> Um I want to make sure to fill up houses with with slightly more character because here's the thing, dude. Um It probably it probably would sell, but I um I feel like we should do more of a value ad. I I honestly This is one of those ones. How do I put this?
It You're right. It does look good. It doesn't really look like it needs anything, but I guess what do you what do you think it'll sell for after you do the deck? Just the 95 that they're asking. [snorts] >> That's So I I offered 50. They said they might say 5560. So, I was thinking maybe this might be a burr. I can put in 20,000, maybe bur out and and and do it that [clears throat] way. Or uh I think ARV could be like 110 120.
>> You get it for 55.
>> Yeah.
>> Yeah. She she was like they're so over like being under contract and falling out that they that she they they might take 5560.
>> Oh, actually. Okay, that changes it. I was thinking you were going to pick it up at like 80 and then put in that and then Oh, no. Okay. because I was like, "This house isn't really priced for distress." Um, and I don't think it could sell for much more than 100. Um, but but yeah, so you pick it up for 55.
Um, let me share my screen on closing costs here. So 55K [snorts] and I I'll bring people up today. I'm not doing a ton of calls today. I'll just I'll just try to do one call of my own today. 55 more likely seven for closing costs. And what do you think the debt deck is going to be? Like 10 15.
>> Okay. 15,000.
And then maybe you've paid 2,000 in holding costs and now you're in this thing for 79.
>> Um, >> I will say, you know, you're probably listing with a realtor at 100,000 and you're probably paying them 5%.
>> And walking with 95. So I feel like it could be a good rental, but your profit potential is only like >> what is - 79? 16K, >> you know?
>> So it would be a better burr. It'll be a better burr. I'll bur out and then just keep it as a rental and rent it out because the the rent says 1,500.
Oh, 15.
>> Yeah, 1,500. Look it up.
>> Okay. Okay. Okay. Yeah. Yeah. Honestly, valid. Valid. If you've got um if you could rent for 1,500, that is pretty valid. And you could probably get this project finished in like a week and a half, >> right? Just because it's the deck.
That's what she said. She said it keeps falling out of contract because people are picking it up and saying, "Oh, the lender's going to going to fund it." And then they they figure out the deck needs 16k of work and they don't fund. So, she said the seller is just kind of tired of that. So she said they she might they might take 55 for it.
>> I like where I like where your head's at. Hit him with 50. Not because you need it, just because you can, >> right?
>> Yeah.
>> I said, "Hey, can can you do 50?" And she got real silent. And she was like, she they might do that, you know, let me talk to them. And I said, "All right, let me know."
>> Dude, okay. Okay. Okay. Yeah. Yeah.
Yeah. Yeah. That's um I like that. I like that. Okay. Valid. Yeah. Do that deal. Do that deal. It's in Birmingham.
>> So yeah, Birmingham. Beautiful. So beautiful.
>> Very. And honestly, I I probably have a buyer for you as well. Um, understanding what it might rent for after that work is done. So, yeah, you could either hold this yourself, which it seems like it would be a pretty good hold. It's such a small house, so little could be wrong with it. Um, and then yeah, I would I would see if you could do the deck and then put that thing right back on the market.
>> Yeah. All right. So, I got the green light. So, this might be my first first little burrow play here. So, I appreciate you, though.
>> Absolutely. Absolutely. Um, wow. Well, that that's I like where your head's at, man. That's really cool that you're starting to acquire this stuff.
Oh. Oh, here we go. I'm getting a call back from McKenna. This high heart rate.
Let's go.
>> Hey, what's the word?
>> Hey, Richard. I'm here with the seller.
We're on speaker phone.
>> Oh, cool.
>> So, he is he's standing firm. He he can't take a penny less. Um, >> we were talking about 40k when we first talked. I we were talking about, "Hey, yeah, I'll do 40." And he said, "Okay, cool. but I need to pay my realtor. And then we found out that we don't need to pay the realtor and and we're still giving him the 45. So I I I mean >> my text message was 50.
>> I know you you said 50 and then when we talked we were talking about $40,000 and then you said I need to pay the realtor and I was like okay I could give you 45 but now we're not paying the realtor.
>> Yeah. No, like I I told you that the permit was in process. It wasn't going to be a guarantee that I could do it before closed. That was the hindrance I have. I was trying to wash my hands of this property, but I just can't go any lower than that.
I feel like I'm just losing money at that point. I'd rather just rent out my house.
>> Okay, Robert. Robert, I'm sorry. You sound like Robert McKenna. What if What if you and I split the difference? I'll cover half, you cover half.
>> How about this? Me and Richard cover it.
Can we get instead of six years, do six years, six months on the the balloon?
>> Um, okay. So, how So, you guys are going to half on the other >> Yeah, we we'll take care of the 3,000.
The engineer will do 3,000 and then we extend the balloon another six months.
>> Okay. Um, that that might work. Um, my concern is how much longer do I need to keep up the mortgage payments before closed, you know, like >> Well, you said 45 days for the permit.
>> Yeah.
>> So, probably one more payment.
>> Pretty much a wash at that point. Like just saving the 3,000. I have to pay the mortgage payment for that time. So, so I'll hold it for one more mortgage payment.
>> Yeah.
I mean, we can probably close before the next Well, I I guess May is almost >> It depends on the permit. I I don't want to close, Richard, until the the per I've had issues with Penllis County and permits. So, >> it it's a big issue if there's no permit, but the engineer says it's not going to be an issue. He can get it closed, the permit closed. So, >> okay. Okay. Um, so, so the >> and we can close them the day the the permits closed. We can we can go to title and close.
>> It's just my concern is like let's say the county gives me another issue like oh you forgot to place a dot on a certain thing. That's my issue. Like I'm gonna keep holding the house, you know.
I'll be in the contract with you guys longer than I'm expecting, you know, and I only have about 5,000 left in savings personally.
And after that point, I can't afford to.
>> So, we can cover it, man. But I I I can't really change the permit stuff, you know?
>> Yeah, we need the permit. Um, >> I'd say, you know, what we could do is let's let's agree to close when the permits are done.
>> Um, why don't we start marketing it for rent, too? Get it rented out and then, uh, use the rental income to cover the mortgage payment until the thing closed.
And then we're under contract the whole time >> and the find a tenant. it will find a tenant together and Dale will market it.
>> Okay.
>> You you need to get it cleaned up, get it moving, ready, and then uh we'll put a tenant in there, and then the the day that the permit's done, I just close on it, and then you're you're just the bank at that point, >> and I take over full-time management.
>> Okay. Yeah.
>> What do you think about that, Richard?
Is that all right?
>> I I'm okay with that. Yeah.
>> Yeah. If it means I don't have to pay next class, which is pretty good.
>> If we can get a tenant in. Yeah.
>> Okay. Yeah. And what we'll do, so whatever the rent is, 2400 2,600 maybe.
>> Yeah.
>> We'll just >> take that from the >> we'll pay the mortgage and we'll just, >> you know, I'll I'll take the rest and we'll be good to go.
>> Okay.
>> So then the mortgage gets paid and then we're just basically it's the the rest of the agreement and we're just waiting to close until the apartment's done.
Okay.
>> Yeah. The mortgage is only 1,500 bucks.
I mean, you you have $1,500 on the mortgage, right?$ 1,57.
Yeah. Plus the solar, >> right? Plus solar.
>> Yeah.
>> Okay. Okay. Yeah.
>> What do you think? Does everybody agree?
>> Yeah, I can do that.
>> Yeah.
>> Okay. Um I'll send out a group message or I'll send a message to Richard with everything we talk about just so it's in writing and we all know >> what we agree to.
>> Okay.
>> And then uh >> Awesome, man.
>> Okay.
>> We'll work together. Richard, can you connect us and we're gonna work on getting it rented.
>> Okay.
>> Yes. Yes. I I can do that. I can put you guys in the chat together. Um and then >> yeah, McKenna, give me give me a call after. Okay.
>> Yeah, [snorts] I'll call you back.
>> I'll Okay, perfect. Thank you.
>> Thanks, man. Anything else, Richard?
>> No, no, no. I'm okay. Thank Thank you.
>> So, I'm not entirely clear as to what is happening. I get the rent stuff, but who's paying for the ADU?
He said three, but he also said six. So, is it three or is it six for the ADU?
Hm. He told me six, but then he told the seller three. So, am I taking 1,500 off my assignment or am I taking three off of my assignment? The assignment is currently $15,000.
Now, thinking I should have pitched that thing for [sighs and gasps] 20. Um, but that's okay.
And the the ADU is either three or six.
I'm not really sure what it is, but um he's going to call me back. The reason I had him call me back is because I didn't want to He said something about engineer paying three. Yeah, he did, didn't he? I I didn't want to mention my assignment fee in front of the seller because if the seller finds out how much I'm making, he could be a little peeved because I'm kind of making a lot on this. Um so I didn't want to mention my assignment fee in front of the seller.
So you'll be taking 1,500 less. That's what I'm hoping, dude. If that's if that's okay and I'm getting 135, I don't care. 135 is an excellent fee for me.
Um, do you think he saw your post? Well, he knows I'm wholesaling. He knows I'm wholesaling the house. I told him that, um, the second day. I was like, "Yo, go meet my buyer there." That's my buyer.
He's a real good guy. Um, so, um, McKenna will call me back, McKenna. And then the seller for this property is what? The seller is Lonia.
Laconia Leonia le a mckenna. This is Jerro.
And then I'll just text McKenna.
Okay. All right. All right. All right.
Um I think we're good on that. I I do I I do want a little bit more clarity as to what's going to happen there. Um, I do think I got that one in the bag though, Adrian. Yeah, hopefully.
Hopefully. I got a couple people to bring up uh GB13 at GB13 come on up.
Um, hop on stage.
So, hop on stage if you can. And then I also had I do feel like I'm I do feel like I'm missing something.
I think I'm missing something, but I don't know what it is. Um, have a question about double close. Don't know what to do here. That's okay, Sue. I I can help you out with that. Um, so Sue, what's what's the word on these? He he likes the properties in Memphis. We found out about that yesterday. 20K assignment fee. Um, did we were we able to schedule inspections for the other ones?
>> Yeah, everything's set for tomorrow. So the only question is that the title company since this was my first deal, I didn't really know to ask for a different title company. So this uh real estate agency, they have like their own title company. I sent you the link in the in your DM, but it's like their affiliate with them and um they just sent me an email and I really don't know what to do. Should we ask? At one point he he told me like um he didn't say like this this isn't for wholesale, but he said like this shouldn't be for wholesale. And I was like >> don't worry.
>> Is your contract assignable or non-assignable?
>> It's non assignable. I I already was um was sure that it was going to be a double close because I was it was such a big contract and I I mean I was scared honestly. Okay. No, no, no. We can double close. We're very, we're very, very familiar with double closing. Um, so what do you need from me? We just need it to pass the inspection. We need EMDN. And then double closing is simply just notifying my TC that, hey, we're going to double this.
>> But would it be with that same title company that is affiliate with their real estate agency?
>> It's not the end of the world. They can't prevent us from double closing.
I'll put it this way. if we're in compliance with the contract and doing everything that the contract said we could do, which is doesn't say we can't double close. There's no law like that in Tennessee. Um, and they tried to cancel something and say, "You can't do that. I would file a lean against the property for 100,000, not because I need to be paid 100,000, but because I'd want to ruin them." So, they can't do anything. As as contract holders, we can file memorandums for breach of contract.
So, if they don't comply with the contract, a memorandum is a lean and I can just file a lean against the property that says I have to be paid or you have to be paid prior to any of this closing. So, if if a seller tries to back out or tries to do something else that we haven't discussed, I will file a lean. No problem.
>> Okay. So, they sent me an email today. I sent it to your DM. I I don't know what to answer, honestly. Could you could you read it a little bit?
>> What is the email? Okay. So, um our office is working with William Haynes representing your upcoming closing for property package live. I will be the pre-closer. Um please provide the following information. Okay. We need to have EMD in before we do any of this. Um this is all fine. This is all just part of the closing process. So, all this is fine, but we need to get EMD in before we start closing. So, it's we're putting the cart before the horse. Um, if we >> Oh, okay.
>> if we deal with any of this. So, so you guys don't deal with closing. We deal with closing and hold my hand wholesale.
You make the offer, we'll do everything else after the offer is expected and EMD is passed uh or EMD is submitted. So, so yeah, um we'll h we handle all of the title work. You'll never have to respond to a single email. Um we are simply going to um we're going to get this inspected um tomorrow and then if that's good, we'll have EMD submitted. Um, and once EMD is submitted, I can hand this off to my TC and my TC will coordinate with the title company and um, initiate a double closing.
>> Okay. Okay, perfect. So, do I wait for EMD to be posted uh, until I answer this one?
>> Um, yep.
>> Okay, awesome.
>> Or you can just say we need to pass inspection first.
>> Yes, of course. Of course. I know. We're we're still waiting for that tomorrow.
Okay. Thank you so much. All right. Talk soon.
>> But but it says it it also gave me like a verify your identity because uh Oh, they're going to give me the coordinates and I give it to your team, right?
>> Um I don't know what you mean by coordinates.
>> Oh, the like the wire details for the EMD or is it do investors usually bring like cashier check? How is that process?
>> We're going to send a wire transfer. We just need to get the wiring instructions from the title company, but none of none of that matters until we pass inspection. So, say, "Hey, I'm not going to initiate any closing stuff or verify ID. We need to make sure that this property makes sense. The realtor decided to open escrow. That's not their job. Sorry for them wasting your time.
Um, but we need to make sure this passes inspection before we do any of that."
>> Okay. Okay. Makes sense. Thank you so much.
>> Perfect. Perfect. Talk soon. Okay.
>> Bye.
>> Bye.
>> Bye.
um GB13. I'm going to call Joseph and I'm going to ask him about this.
Oh, >> because there was some he he to clarify he wants to buy it um per those leases.
Um just I think there's some interesting stuff going on here. So, let [music] me just You have it at 165, right?
>> Correct.
It's a nonassignable contract. That's why we have to double close.
And then where's Chris 247? Do we have Chris 247?
Chris 247.
>> Please leave your message for >> Okay. Not available.
call about the duplex you walked when you can. Um, he'll call me back. Stay on stage. I've got another guy here to talk to. Um, is there a shewall?
Shiv or shewall in here.
There you are. There you are. So, this guy got something kind of insane and I just wanted to talk to him about it because his deal is just phenomenal.
It's definitely going to sell. Um, and I think we could even share the address, right? Since it's under contract and nobody can go after that.
You're muted right now, so nobody can hear you. But can you hear me?
You just want to click the mute button and then it will unmute your microphone and you'll be able to speak.
Okay. Um, so whenever you're able to click that button, um, go ahead and click that button. Um, Alina, are you with me?
>> Hey, how's it going?
>> I'm I'm well. How are you?
>> Interesting times. Interesting times.
Um, anyway, I have uh an address in your DMs.
>> Okay. Um, I'm gonna have my employee DM you, Trey Lewis. Trey Lewis, do you have a phone number for me, too?
Do you have a phone number, Trey? Trey says he's trying to buy two of our deals, but isn't getting a hold of us?
Um, Trey, I just sent your Instagram, but if you have a if you have a phone number, I can have a team member reach out to you immediately.
And then Alina sent me a DM with some deals. [sighs] Um, is this Joseph Boulevard?
>> Yeah.
>> Okay. Joseph Boulevard. What's your plan for this?
>> So, I talked to her in April. Uh, this has to be seller finance. So, the property is free and clear. It's a duplex.
Um, like turnkey everything.
um last month they weren't ready like she didn't take the idea of uh seller finance well uh but they are still on the market.
They've been doing like little price drops. I feel like maybe they might be ready. Maybe you could sell them on it.
Uh >> no, there's no selling anybody on on seller finance. They're either open to it or they're not open to it.
All right. I just figured uh last month it was still a fresh listing. So, she was um you know, waiting for >> I'll tell you what. I'll tell you what.
If if you text or call them and they are open to seller finance, I will call them. We just need to find out if they're open to it because because we're not in the business of convincing people. We can show people that the deal doesn't work unless we seller finance it. However, I feel like this one would cash flow even if we didn't seller finance it. But we can show people that the deal wouldn't work. But but as we saw yesterday when I talked to the person who was open to seller finance but had these insane payments and then ended up hanging up on me even after we showed her reason. There's no convincing anybody. They're simply catching them at the right time by following up. So follow up with that individual and say, "Hey, is this an offer you wanted to reconsider?" And if if it's not an offer that they wanted to reconsider, then we can follow up with them a month later if it's still on market. But there's no special combination of words that we can say to c to to make somebody seller finance. Um there's no convincing. I learned that the hard way. Um so more so it's follow up. Hey, you're still for sale. Do you want to do this? Follow up.
Hey, you're still for sale. Do you want to do this? Um not so much like a silver bullet of words that we can tell them that makes them want to do it because at the end of the day, they have to be open to taking 10% of what their house is worth as a down payment.
>> Okay, cool. I also had uh a few general questions.
Uh so first of all if we do a double close is it just the like when we underwriting it is it just double the cost double the closing cost >> when we are underwriting what is it double the closing cost >> if we're doing a double close how do we calculate it just double the closing cost?
>> No you don't have closing costs as a wholesaler. So wholesalers don't have closing costs. You would add on closing cost since you didn't have it before. um closing costs are um are for the buyer.
So the buyer uh if they're buying a 100k house with a DSCR loan might have $10,000 in closing costs, but as the wholesaler, we don't have closing costs.
So it's not that it changes the buyer's entry fee. Um it's more so that it changes the profit that you'll make on the deal. So Sue, the woman who did have to double close previous to you, um she's looking at a $20,000 assignment fee, but she'll probably have $5,000 in double closed closing costs that come out of her end, not the buyer's end.
>> Okay. Uh and also, so um I asked like the group leaders a while ago about uh just closing costs in general, and um they say like one to 3%. But then uh I hear you all the time like only accounting for like 6K even on the 400,000 property.
>> So where you know >> because it's definitely not 3% not even 1%.
>> Yeah. So when you're doing when you're doing a seller finance deal closing costs are significantly less because there's no loan or origination. Um, so you're you're more realistically looking at like six to 7,000 for almost every single property that you do.
>> Also, tax benefits for the seller with creative deals.
>> Um, tax benefits for the seller. Uh, yeah. So, if you're a seller and you sell your house for 500K and your cap and your capital gains happens to be $500,000 um and you receive $500,000 upfront, you're going to pay 20% capital gains tax on the sale of the property.
>> Um I'm getting a call. But if you sell or finance it, you only pay capital gains tax on the money that you've actually received and not money that you are to receive. One sec.
>> Hey, what's up?
>> Hey, Richard. All right, I just left.
>> Oh, yeah. Sorry. I just didn't want to mention my fee or anything in front of him. Um, >> totally.
>> But but yeah, we we we can do that. So, builder needs $3,000. Um, I'll just take that I'll take half of that off the assignment and we'll go ahead and send it to you and you're good to move forward.
>> Deal. Yeah. Let's put in there in the contract that we don't close until we get the permit and then um he's got a solar panel issue, too. Do you know about that?
>> No. What's going on with the solar panel? He He's suing his solar provider because they're not working or something. I I don't know.
>> He did he might be able to get out of the solar loan, but I told him that we just take over solar loans. But yeah, if they're not working, why the hell would we pay for that?
>> But I would imagine that you don't need I would imagine you don't need to sue him. Like, hey, you installed solar panels and they're broken.
>> Yeah, I I'm not sure what's happening, but we need to I just want to know what's happening. like do we need to pay for the solar or not because I agree if they don't work I don't want to pay him 200 bucks a month [laughter] >> and let him fight it out. Um so I asked him to send whatever correspondence he has with his attorney to you. So he's going to be sending you I guess a demand letter they sent out and maybe an agreement he has with the attorney. The engineer is going to call you. Um, I told him that we want the engineer to front the 6,000 and then we'll pay back the engineer at the closing table. So, we'll give him the 3,000 at closing.
>> Okay, I understand.
>> So, he'll send that to me. Whatever he sends to me, I'll send to you. And I'm going to put you in a chat with my TC team, and my TC team is going to send you the assignment contract.
>> Okay. I have a feeling this thing's not going to close on time, but uh [laughter] should be fine. I I mean uh I've never had a closing that just as seamless, you know? It's just every every closing there's just something new, you know?
>> Well, I like my agreement with him. I'm going to get it rented. We're going to take the 1,500 and pay his mortgage and then I get the rest. So, it's actually a better deal for me if we never close.
[laughter] I just get all the rent.
>> Yeah. Yeah. I mean I mean that that that's I I thought that was a great idea. I wouldn't have thought about that myself.
>> Yep. So, hey, we're problem solvers, right?
>> Yeah.
>> Okay, man. Uh, let me know if we need to do anything. Um, I'm going to send out a text right now just so everybody's clear on the terms.
>> Okay. Okay. Perfect. Thanks so much, man. I I I appreciate it. We'll talk soon. Okay.
>> Talk soon. Bye.
>> $13,500 in the bag. That's great news. I don't have to reduce by, as that guy said, I don't have to reduce by um by $3,000. I have to reduce by 1500 and I really could care less about that. Um, so that's perfect guys. You guys saw that entire process start to finish. You saw me acquire that deal on the phone. I called the seller, got him to sign the contract start to finish. I then sent it to my buyer. My buyer agrees to a $15,000 fee. Come to find out, the ADU, which is like um a in-law suite that's on the property, is not permitted. um and and it will be permitted, but the builder needs more money. Um so we're going to split the difference 1,500. The buyer pays 1,500. I pay $1,500 um to get the building permitted. And um then it should be good to go. My total amount of time invested in this is probably about two hours. Probably about two hours. Um so two hours, $13,500.
I Come on. Come on. Come on. And I'm going to do it again today. After I get through these guys questions, I'm going to do it again. I'm gonna pull a deal for us.
So, my next step in this, because this is hold my hand wholesale, I'm supposed to demonstrate the process like start to finish entirely is going to be call my transaction coordinator. If you're curious who closes my deals, it's a company called, ready, listen. Gold KTC.
Goldt.
These pants are from Abbercrombie. I love them. Um, Gold QTC closes my deal.
So, I'm going to call a rep at Gold QTC and um, we're going to see if we can make it happen.
Come on, pick up the phone. Pick it up.
Bro, please don't wear a shirt like that again. Do you see my views right now?
They're way above normal.
Your call has been >> My dad when I was young MADE ME FEEL BAD ABOUT clothes that look feminine.
And now WHEN I SEE IT ON OTHER PEOPLE, GOD, IT JUST MAKES ME SO MAD. I CAN'T TAKE IT. AND NO, I'M NOT ATTRACTED TO MEN. I'm not attracted to men. Don't Don't ever say that again.
Remember Remember the call comes from inside the house. The call comes from inside the house. So, so uncover the comment and go deeper. What's deeper than that comment?
Okay, I'm going to go ahead and see if we can just put them in the chat.
Um, we're going to do we're going to do the buyer McKenna and then we're going to do the TC Lexi and then we're going to do the assistant TC Clarissa.
Come on.
And then we're go for me. Yes, for me. Sorry, I got another text. So, we're going to do Clarissa, assistant T. Oh, here she is.
Here she is. Here she is. Hello.
>> Hello, Mr. Taylor.
>> I just had a deal inspected, past inspection, $13,000 assignment fee, 135, and the buyer is McKenna Greger.
I love your lights and I love my life because I'm gonna close it for you, right?
>> Yes, of course. Of course. How could you not? Um, so I'm going to put you in a chat with everybody.
>> Um, [sighs and gasps] a couple interesting situations. Um, we're waiting for a an ADU permit.
>> Permit for the ADU. We're waiting for that. Um, and then the solar panels are not working and >> the seller might be trying to sue the solar company to to stop making payments because they're not working. But it seems to me that the solar company could just come back out there and fix the issue.
>> Yeah. Well, we'll have to work through that so the buyers aren't liable for anything.
>> Um, okay. I'll get more information on that and we'll connect with the appropriate people to figure that out.
I'll talk to the sellers, but when you drop me all the information, can you just mention that so I can load it in the CRM and I can remember to stay on top of that?
>> Absolutely. I'm going to put you guys in the chat now.
>> Okay. Thanks so much. Love it.
>> Absolutely. Talk soon. Bye-bye.
>> All right. Bye.
>> I'm sorry Instagram sound went out, but we just restarted that. Wow. Okay.
$13,500 in the bag. I'm very, very happy to hear that. Um, it's good to be pass inspection. It's not the best to take a small hit on my assignment, but we'll take it. Um, LexiTC McKenna and then I'll send a video.
Um, hey guys, let's assign and then what is this deal? Lassonia La Lass Lassonia drive. His estimate went up. Let's assign to McKenna for 13500 on top of my total entry fee of $45,000.
45,000.
Okay. 135. And then I'm going to go ahead and grab the contract here. I'm going to send it to the TC TC team and I'll just send a little video breaking down what's going on.
Okay. Okay. So, only hurdles that we have here, um, solar panels are not working. Seller is maybe suing the solar company to to get them to work or to get to stop payments or something like that.
I don't really understand that. Um, and then the other thing that's an issue is that we're waiting for the ADU permit.
That should be no problem. Um, but those are the only two hiccups here. Other than that, I think it's a pretty standard deal. This is a hybrid. So, we are taking over a 2.7% interest rate mortgage um at 260 or something like that. And then we have another seller carryback amount at 0% interest seller financing 600 bucks per month. Um house rents out for like 4,200 bucks. So, it's just phenomenal. Um then we also have the solar payment balance on the solar panels is like 41,000 or something like that.
And then let me go ahead and send this contract. Bear with me. Bear with me.
Bear with me. I'm almost done. Almost done. Almost done. And then I'm going to answer questions. And then you're going to watch me do it again. You're gonna watch me do it again because this is really something that could be done in like an hour of making calls, guys. You could make this happen.
So, [sighs] and then um as far as Miss Alina, Miss Alina, did we answer all of your questions in regards to double closing and your and your deal that you have? I will call if you get them to consider.
>> I'll call more small things once you're done with your contracting.
I had like a couple more things.
>> Okay. Okay. Um signed offer docuign docuign. Where is my docu sign?
>> Oh, Mr. Richard, my mic works now.
>> Oh, hello. Hello. Yes. I can't wait to speak to you. you have such an amazing amazing deal. I I'm I just I saw your deal today on on our marketing and I and I got a million people who picked that up. But um Oh my god. We just have to pick your brain about how you got that.
So bear with me for one second because I'm trying to get this contract and then I'll help Alina and then we'll talk to you and then we'll go ahead and demonstrate how to do a deal again and then my deal assuming that realtors are inclined to answer their phone today.
Okay. contract downloaded. That took forever for no reason.
And then I'm going to send the seller's name contract.
Sellers's name is Jerrell.
Phone number is just logistics here, guys. Almost done.
And then we'll make it interesting again.
Okay. Are we thinking about copying and pasting or no? Copy paste work.
And then mortgage statement.
That's okay. Didn't really need that. We already showed it to the buyer. Okay, cool. Um, that is closing. Um, that's done. Nothing else to be done there. I'm done. I don't I don't have I literally I don't have anything else to do.
$13,000.
I don't have anything else to do. That's done. The whole deal is done. You're not going to see me mention this until closing.
Be straight. Science time. When we go to the zoo and we see gorillas, dolphins, insects, virtually any kingdom in the animal kingdom being gay, is that a choice for the animal? Is the animal if if so, what societal pressure causes the animal to choose to be gay?
Because we know scientifically that homosexual tendencies exist in all groups of animals.
Is it that they're watching CNN and the liberal media is causing them to be gay?
I think I figured it out. I think I figured it out.
See how stupid that sounds, bro? You You see how stupid that sounds? It's not a choice. It's just you are or you are not. No choice. Anyways, um it's in the water. It's in the water.
Okay.
So, Alina has a couple more things that we're going to help her out with. Juan says, "Here we go." As if we shouldn't defend marginalized groups. What else can we um what else can we help you out with, Alina?
>> Okay, one little question. Uh so when I look at like um offmarket deals, a lot of them will ask uh about the closing timeline. So I'm guessing it's not the third standard 30day they're looking for. And I'm hearing like some of your uh regular buyers are willing to close faster. So, it's just like what does it depend on >> about uh the closing timeline, how quick something can close.
>> Yeah. Yeah.
>> Um I would say average closing is probably 30 days, but as I was telling McKenna on the phone, [ __ ] just happens, you know, like you're in closing and [ __ ] just happens. So, I like to tell sellers 30 days, but every closing has a new hurdle. Every closing has a new hurdle. And um you know it just uh it it it it could be 30, but I don't usually see it being more than 45. I have a deal right now that's been closing for about 45 days.
That's a long one.
>> But then Harry, for example, was saying like, "Oh, I'm willing to close quickly, two weeks, something."
>> Yeah. Yeah. Sometimes the title company can move that quickly. Sometimes the lender can move that quickly. It's always safe to put 30 days. But yeah, probably the fastest closing I've ever seen, maybe like 2 weeks, 12 days, something like that.
>> Okay, cool. And last thing, so uh you've been talking a lot about [clears throat] like uh retention like that the Discord has been uh dropping in terms of uh revenue like >> Yes.
>> Um student success, all of that stuff.
>> Yes. So, I've actually been like teaching for over 10 years. So, I have extensive extensive thoughts on this.
>> Tell me.
>> I'm assuming I'm assuming you don't like if you want to spend like stream time on this. If you want me to DM you.
>> No, no, it's relevant. It's relevant.
Tell me.
>> Okay. So uh first of all definitely like I hear it again and again in your streams where people will bring you like a bad deal or whatever ask basic questions. You tell them to go watch the courses and they will tell you yes I did watch the courses but there are a lot of things that could be improved in the courses.
So it has to be like shorter videos. It has to be uh different formats of information. So text, audio, video. Uh the tests that are currently there are I leave much to be desired. So that could be improved. There could be more tests.
>> Okay.
>> Um >> a lot of information could be added as well. So you you think you think we could have multiple small segmented courses rather than one bulk hour or hour and a half course that breaks down the entire topic?
>> Yeah, like all your like and the majority of the people here are either millennials or Gen Z attention span is not there.
>> Okay. And that is why people even those who do watch a course out of that 40 minutes they are locked in for five >> and then it kind of you know it trails off. Uh same thing um with why people don't come to streams.
>> Okay.
>> Because it's just too long.
>> Most for most people it's too long. Um but yeah so with with streams I think you should promote um the recordings more but that's a whole separate like I have a lot of like thoughts on this. So, yeah. So, there's a a way you could restructure.
>> Can we pause for one sec?
>> Can we pause for one sec? I'm getting a call from one of my buyers about this duplex we have, but I I do value this.
We'll revisit in just a sec.
>> Hey, what's going on, man?
>> Dad, how's it going?
>> Doing well. Um, two things. So, we are um one, I have the wholesaler who had that deal under contract. Do you want to give me a little bit of feedback about what you've found in the house? Because you saw the rent rules, right? You now know that the rent has been confirmed at that price.
>> Yeah, from what they sent over um what they sent over basically. So they they wouldn't It was interesting. They wouldn't let my property manager take any video or pictures of the property.
>> Why?
>> As he was walking it. Um assuming they obviously it sounds like they're trying to get >> uh because it has high paying tenants in there.
>> You cut out for a second. Sounds like they're trying to what?
>> They're trying to get the highest price for the property because it has high paying tenants in there.
>> Sure. Sure. Sure. Okay.
So, you know, there's that uh allegedly the the tenants that were there said that the nobody cares for the property, that the owners change hands pretty frequently, and uh my guy still wasn't able to see the bottom unit. Um the lady would not let him in there to see the bottom unit. And then the upstairs unit needs like a new kitchen, new sink, new like there's a lot of stuff that needs to be replaced because it's so outdated.
Uh the roof is based off what the roof looks like is going to need to be replaced. There's some bricks on the outside of the building that kind of need be need to be addressed. And then the worst part was the basement. From what it looked like looked like there was multiple uh situations where it flooded. So that needs to be scoped out.
And then the when he was engaging with the maintenance guy, the maintenance guy was apparently very hesitant to give any information about the constant flooding or other issues with the property. Um, and it just kind of gave him that that weird vibe. And then lastly, I guess the tenant upstairs had a lot of animals, snakes, spiders, >> nice little zoo.
>> Uh, yeah, basically is like a Yeah. Ace Ventura pet detective type of type of vibe. Uh he said he says smelled horrible. It smelled really bad but again the rent is high which is you know uh we saw a ledger. The next thing we'll have to see is bank statements to verify and validate because a ledger doesn't mean [ __ ] Anybody can make a ledger.
You and I can make a ledger uh for rents that aren't real. So the next thing will be to see bank statements uh to verify the to validate the rents and then we would have to make an offer. He said ideally to get this property the best price would be 135 because we're going have to dump money into it. Uh but that being said, you know, we got to we should we should obviously get inspected to see what we're really dealing with.
Uh we also have to make sure the seller is up mind and realizing that, you know, the price they have it listed at is for a full turnkey property. Technically, my my guy said for that area, a full turnkey duplex where you don't need to do anything, it should be 160 at a buy.
Uh I think they originally they had it listed for 200 and then now it's for 175 because they're just they're definitely shooting the moon for what you're walking into. I'll be >> we have it at 165. We might be able to get a 10k below that maybe. And that's a maybe 10k below. But but a 30 30k price drop when their perception is that many are interested is a very very hard pill to swallow for them. So >> I'm aware. I'm aware. I'm just telling you. I'm just telling you what was shared with me.
>> We can drop it. We can drop it already since you know I could drop it with you right now $7,000. So I could drop it with you $7,000 right now just out of my assignment fee without talking to the seller. Now when it comes to going beyond that, I'd have to talk to the seller.
>> We have to get it inspected. We would have to get inspected first before we talk to the insperer, the seller with a price drop, right? So, you we'd have to spend some money. We'll spend like 500 bucks. It's a big unit, so it's not going to be anything cheap. It's going to be a $500 at least inspection fee.
And then come to the seller and say, "Here's all the issues we found with your with your property, and here's what we're going to now counter our price down to." Right? That's what it would have to look like. So, okay, >> I'm not saying no, but I would say the last thing I would need to be comfortable with those payments is not a ledger, is actual bank statements. A T12 for the last, you know, 12 months that those tenants have been living there because they are paying pretty high like 1620 each for each tenant is a significant, you know, he goes usually you'll see 13 to,400 uh for those units each, 1500 max with section 8. They have it for 3220. Um, so that's the only thing that stands out and generally from and you know this all the properties that we've gone to buy with cash paying tenants, they're all late. They're all behind. Yes.
>> And it's not by a couple hundred bucks, it's by thousands, which is why I say a bank statement would be necessary next for this deal. So if we can push for a bank statement, we'll buy this deal because it clearly makes sense.
>> But we we just need to verify the rents.
So, bank statements of the rents being collected on time or to see if anything is behind would be the next step.
>> Okay.
>> Best foot forward, I would say.
>> So, the wholesaler is listening to you.
I think he got all of that. Um, we need the bank statement slashT12. Um, GB13, can you hear me?
>> Yes, sir.
>> Okay. So, go get go ask them, hey, um, I feel like anybody can create a ledger.
Can you get me the actual bank statements for that? Um, >> yep. I already requested them.
>> Perfect. Thank you so much. And then Joseph, um, can you guys I guess you have to schedule another inspection, but but I will say I don't know if we can drop it that far. Like that's that's pretty rare in my experience.
>> We don't want to we don't want to hit them with a with a price drop. We we we got to hit them with we got to see what the inspection tells us, right? So let's let's keep it at the original price, right, that we have it. Let's show that we're serious. You know, we'll go and get it inspected. I'm will I'm willing to take a gamble on that for that type those type of rent rolls. we just need let's verify the rent rolls via bank statements and then we'll go and uh do a proper inspection um because we like the property. So, we just tell the sellers that we like the property, we like the location. All right. Uh it's a big it's a big deal. Clearly, there's got to be some money put into it, but let's get the bank statements from them to verify everything. Once bank statements come through, we'll schedule an inspection and we'll go from there and we'll try to do the whole song advance.
>> Okay. Okay, cool. Um, well, I guess I'll just sort of wait for those bank statements to come in and then um >> the additional cost is gonna be snake in the basement. They're gonna know, and this is what if the wholesalers, listeners, tell the sellers, we're going to have to get the basement snaked because there was clear flood damage there. Clear flood damage. And we know that usually um that's either because it's just simple backed up piping or there's an actual tree root growing through the [ __ ] piping, which happened with one of our other properties. We only had a tree root grow in the in the piping which cost like $12,000 to repair because you got to rip up everything. So, you know, that's why and that's what we assume is the reason for the additional backing up of water from the basement.
>> Okay. Okay. All right. Um I will wait for bank statements. I'll send them over. I'm guessing that you probably want to see those prior to scheduling inspection.
>> Yeah, we we just need to make sure the rents are real. They send a ledger over, they should have an issue with sending a bank statement over.
>> Okay. Perfect. Thank you so much. I appreciate it. Um I will go ahead and get that over to you when I get it.
>> Cool. Thank you.
>> Bye-bye, >> guys. I figured out how to get my views up. My views are exponentially higher than they normally are. I just have to I have just have to wear some feminine clothing. The comment section cannot shut up about it. It's beautiful. It is beautiful. Um Alina, um we have a lot to get done here and I really value what you're telling me.
Would you mind sending me some DMs >> um about just your ideas about this? Uh just just keep it brief. My current takeaways are segment segment the classes due to int attention span and then have my team fix the tests. I didn't build those tests so I can't speak for those tests. I haven't even taken them myself. I can only speak for the courses that I filmed. But yeah, um I was actually considering refilming the cash course because I' I'm just learning so much from my own fix and flip process.
Yeah, I'll send you everything.
>> Um, yeah. Okay. Thank you so much. I appreciate that.
>> Thank you. Thank you.
>> Um, okay. Um, how do I I I I want to make sure I say your name right, but you're SD Hodwell.
Um, >> it's just Chev. That's my last name.
>> Chev. Chev. Got you. Okay. So, is it okay for me to share my screen on this deal? because I saw this deal that I dude and I was like, I need to know who did this because it's >> absolutely. You got it, >> dude. Amazing. Amazing. Amazing.
Amazing. We're briefly going to just hear from a student um and just have that student tell us a little bit about a deal that he got because what what I can't find the address. I'm sorry. What What's the address on this?
>> Uh 1915 Walnut Street in Montgomery.
>> Okay. So my goodness, Mont.
Oh, what? Why did my team say Birmingham? That is not Birmingham chat.
Hold on.
Hold on.
Oh, it it didn't I I I'm slow. I'm slow.
That didn't say that. 1915 Walnut. Oh, perfect, man. Perfect. Perfect. Perfect.
I cannot wait to show this deal. Okay.
So, how long have you been on Hold by Hand Who Wholesale?
>> So, I joined last January, but I only started calling during the March break.
>> Okay. So, you started calling in March.
And what's your call schedule look like?
How many people do you talk to per day?
>> Uh, typically I I spend around two hours per day. In March break, it was significantly more because I had more time, but yeah, I think about two three hours a day.
>> Two, three hours per day. Okay. And you've you've just got this stunning deal. So the house is listed for 250.
What'd you get this thing under contract for?
>> 290.
>> 290 >> 30,000 down and then 300 per month as principal.
>> Unbelievable. So he offered them $290,000. He offered way over list price. Guys, how is that okay? How can you go to a house listed for 250 and be like, "Hey, how about 290?" Well, in Hold My Hand Who Wholesale, we teach something entirely unique. We teach offering over list price as long as we can get it on monthly payments. Now, the payments you got, man, I have never seen payments this low in my entire life.
This is the This is a record. This is a record. Is this thing a This is a duplex. And And what does this duplex bring in per month?
>> Uh, currently it's actively listed. 950 aside.
>> Okay. They're literally not listed currently.
>> Okay. I gotta hold on.
I got to make a call and tell them that they're marketing this wrong.
>> Thank you for >> I gotta tell them this because that they literally wrote a different rent. So that will bring in $1,900 you think?
>> Yeah, $950 per side. Correct?
[clears throat] I just got to tell these guys the deal on 1915 walnut.
Okay, we're going to adjust that because they were saying it would bring in $1,700 and I was like, "Wait a second.
This thing is going to bring in way more than that." Okay, so the property is going to bring in $1,900 and you secured 0% interest payments of $300 per month.
>> Yes, sir.
It just doesn't get better than that, guys. It just It just does not get better. How the hell did you get them to accept that?
>> Um, to be honest, uh, the situation the seller was in, he the realtor told me he just wanted to get rid of the property.
So, I sent my first offer, I think, in April, end of April, and then I followed back up three weeks later, and he said, "Let's let's let's do it."
>> Wow.
>> Perfect.
>> I can't believe that. Sometimes it just happens. Sometimes it doesn't necessarily have to obey logic.
Sometimes it just happens. So guys, here's the deal. 290,000, $30,000 down, $300 per month. How the hell do you get a property for 290K or even 250K and get $300 per month in payments? That's ridiculous. How long is your balloon on this thing?
>> Six years. 72 months.
>> Perfect. That's that's just that's just amazing. That's just perfect. And and so you said you call about two hours per day. How many conversations is that?
>> About 20.
>> About 20 conversations. That's what it takes, guys. We hear it over and over and over again. But that's what it takes. Um man, your cash on cash is phenomenal. Your entry fee is phenomenal. Term length, purchase price, all of it's great. Um just just a a model deal. Just a perfect perfect deal.
So great great job. I have no doubt that that'll sell. Um, in fact, I could probably make a couple calls and sell it right now.
>> Perfect.
>> My first deal, too, so I'm pretty excited.
>> I think we should shoot for $10,000 assignment on this thing. What are you looking for?
>> I was looking to net around six.
>> Okay. So, let's That would be six. Um, let me go ahead and Yeah, I think I think 10 is fair because because we're we're kind of at the max entry fee on this. Um, but the cash flow definitely supports it. Definitely supports it. So, um, let me let me um let me put pitch this to somebody.
>> Hey, Joe.
>> Hey. Um, I got something insane that just popped up. Um, I have never seen anything like this before to create >> Don't tease me. Don't tease me, Richard.
>> It's not Detroit. It's not anything we normally talk about. Um, Montgomery, Alabama. You know that market?
>> Was that the one you sent me a screenshot on with that property for the seller finance deal?
>> It got better. Um, we had missing information. It got even better. Um, so house was just flipped. Fully flipped top to bottom just like mine. Looks phenomenal on the inside. I'm about to send you the link. The seller agreed to $300 a month in payments and it rents out for $ 950 aside. So, it's going to bring in $1,900.
Taxes and insurance in Montgomery are offensively low. I'm talking $200 taxes and insurance. You're paying $500% interest and you're bringing in $1,900 on a fully renovated duplex in Montgomery.
>> What are we missing on that? Look, Richard, usually there's something we're missing on a deal like this.
>> Um, we have we're 40k over list price, but at 0% at seller financing for six years. So, >> Okay. Okay. I see. I see. Because it's 20k over list price. Okay.
>> But but without the without the interest rate, it's it's essentially like it's essentially equals out.
>> Yeah. No, the no interest rate is is massive.
>> And then six years $3 a month.
>> Sorry, say that again.
>> Set payment at $300 a month.
>> $300 a month. It's straight principal.
>> What's the purchase price about on the property?
>> 290.
>> It's 290. Interesting. Okay. Versus two uh versus 250.
>> Correct. And um we're looking for a 10K fee on it.
>> Okay. Does it appraise for 250? I mean, I'm sorry. Yeah. Is it Does it appraise for 250 right now?
>> Appraisals come in drastically lower than purchase like pretty much everywhere. So, I would imagine it it does not appraise for that amount. Um, but I would say that I could pull a couple comps and we could we could see what the comps are looking >> because you know what I'm going to say, right? Six years from now, how do we make sure that it's going to appraise for what we need to in order to do a cash out refi?
>> Sure. Yeah. obviously we'll be paying down the principal so it'll make it easier to do a cash out refi but what's that going to look like six years from now so that way I can make you know I can help the the buyer see the level of protection >> of course so so what I will say is um I'm I'm looking around here and I can see a single family three beds two baths 1951 square feet sold for $235,000 so I I would imagine the area fully renovated can command prices like that um I see an unrenovated duplex for $180,000. So, I'll send you these two comps and their addresses. Um, but yeah, I would imagine that it's worth somewhere close to like 230 to 240 given these given these two sales that I'm seeing here, but these are both 2025 and 2026 sales. I'm going to text them over to you.
>> Great. That'd be great.
>> Okay. Yeah, >> send it. I'll put it I'll put it in front of a couple people that I know that would would want something like that. Yeah. Get the cash flow. Um, and the the wholesaler might even have like a balloon clause in here that states like, "Hey, if it doesn't appraise, we can um we could probably go ahead and uh extend the balloon." A lot of these deals have that.
>> Cool. Send it.
>> Perfect. Yeah, I just sent that over.
I'll also send you the Zill Zillow link here. That's That's It's just a Wow, crazy deal. Keep in mind, this thing is probably going to last for another 24 hours. So, if you're like, "What happened to that deal? My team is actively marketing it.
>> No, I get it. I get it. That's fine. I mean, it's it's it's unique. So, uh, but I might have some people for it and, uh, yeah, we'll run it from there.
>> Okay, perfect. Um, I just send it over to you. I'll send you the the terms as well.
>> Thank you, sir.
>> Talk soon. Bye-bye.
>> 300 per month. Holy [ __ ] We are above market value for sure. Sixy year.
Um, but I would imagine you don't happen to have any sort of appraisal contingency or clause, do you?
>> Uh, no. I just use the contract uh your thing generates.
>> That's okay. That's okay. Um, well, well, good, good, good, good, good, good. Um, that's that's a phenomenal deal. I just wanted to meet with you and just tell you good job and then set an example for everybody else because it's just really really good work, man.
>> Thank you so much, man. Thank you.
>> Absolutely. Talk soon. Bye-bye, Mr. Chris. Um, we were gonna we got agent contact information. Uh, what time would the agent let us into the property tomorrow?
>> She said that um, well, that tenants need 24-hour notice.
>> Okay. Okay.
>> I can let him know right now. If you tell me when he can walk, I can let him know right now. Maybe.
>> Should we try for like 5:00 p.m. EST tomorrow? Is that okay?
>> Let me text him.
Okay. Okay. Stay on stage and let me know. All right.
>> Okay. We'll do >> talk soon. GB13, you know what to do, right? We're just waiting for those that proof proof and then we'll schedule inspection and see if we can make something happen.
Mr. GB13, I'll bring you up tomorrow, GB3, because we have uh we're just we're waiting for those documents. tomorrow at 2 PM.
Remind me to bring up GB13.
>> Okay, I added it.
>> Okay. Uh, and then you're gonna stay on stage, Chris. And then GB13, I'll just go ahead and DM you. Uh, be on tomorrow. I'll bring you up. Can you um get the T12 bank statements proven rent? It's largely because many sellers lie about this stuff.
Okay, we'll bring you up tomorrow.
Yousef, you wanted to show me a deal really quick, didn't you?
>> Yes, sir. How are you doing?
>> I'm well. Um what what do you have for us today?
>> So, I I do have questions before showing you the deal. So, I know that you told me before that we can um get a single family to a multif family if it was not a multif family before, right?
>> I did do that and it was kind of a big headache and I don't really want to do it again, but others will. Yes.
>> Oh. Oh, no, no, no. I understand. Uh this is not my question. What about the opposite? If if we have a multif family, can we get it to a single?
>> Yeah, much easier to do that. Yeah.
Yeah. The inverse.
>> Oh, okay. You remember the deal that I sent you that I told you it's a duplex way. I'll send you the address again.
So, it's it's a 42. Um the the single family coms there are 200,000 and more and I got it for 60,000.
>> Yo, what?
>> It's it's crazy. Yeah. I didn't thought that too, but it just cames cames to my head and I thought like, hey, what what what about this deal for Chris?
>> Um well, I'm buying too. Let's check >> single families. Okay.
>> Yeah, I have a I have a >> You will be shocked of like the the single families prices there.
>> Okay.
>> It's crazy.
>> Okay. Um what I'm going to do is I'm just going to try to match this up on Zillow with the map.
>> It's off market by the way. You can share screen.
>> Oh, cool.
Um so there's that little triangle right there. And then we're right beneath here. Um okay.
Okay. Okay. So, I'll share my screen.
>> Where'd you get this deal?
>> Teaching realtors. I really want to sell this deal cuz I want to keep the relationship with the realtor. That's why I'm I'm a bit pushing it. So, yeah, this this is the area. You see that toll area? And >> so, can you tell me about >> this Oakland community?
>> Can you tell me about the house, its condition?
>> I sent you a link. You told me it's it's a 50,000 rehab if if we are going to, you know, rehab and sell it for an investor. But I felt >> the one that we we looked at.
>> Exactly. But I I felt if we're going to get it to a single family, a really good single family that, you know, would make it appealing for a retail buyer, it will like need 70,000 maybe.
>> Okay. Okay. Um that's a good estimate.
And is it a four bed, two bath >> or? Yeah, it's it's a two unit, four bed, two bath, 21 square foot feet. You got to take care when you're looking into the comps because sometimes you'll see um square feet is not uh right because they are adding the the basement square fee too. So, uh >> Okay. So, roughly in this area, single families.
>> No. Yep. Exactly. And and no and more and more the properties. And what is what how many beds, baths, square feet?
Four beds, two baths. How many square feet?
>> 21 square feet.
>> 2100 square feet. Okay. Um so let's price these things high to low. Let's filter for simply single family. Single family houses. And um Okay. So you've got one right here for 245. Does this other one happen to be right there, too?
Interesting.
>> Yeah. But >> Okay. So, that one for 245. Oh. Oh, we need to put in a date filter. Oops.
That's 2023. Very different market.
>> Um, I I didn't I didn't got like this area only. I I I went, you know, more more far a bit.
>> So, this is this is a big road right here. So, this Oakman Boulevard could >> Oh, no. No. I mean I mean the right road, not the left.
>> This one >> on the right.
>> Oh. Oh, you you went further this way.
>> Yeah. If you zoom, if you zoom out, if you zoom out this uh Oakman bullyard, I just got it all like here to here >> and and and from the beginning, too.
>> Okay.
>> I don't know if it's right or not, but >> Well, let's let's see. So, you're right here. Um >> Yeah, >> I would.
>> So, same street, but on the left. Yeah.
>> Yeah. Yeah. We I wouldn't say that's an impossible comp range, but this is definitely an interesting cluster right here. This is definitely a weird street by street thing. This area as you can see is much more desirable than this area. So Detroit is very street by street, right? So you see the trend, right? I do see those.
>> Oh, okay.
>> Yeah. AB absolutely very good sales. But that's that's like right here. This must let's look at the street view to understand this.
>> So we we want to understand this. But Detroit is one of those markets that is very street by street. So we want to really understand this area.
I mean [ __ ] looks like the same thing.
It's a It's a >> Yeah, it's the same.
>> It's a It's a It's a 2021 photo. Maybe it just got gentrified heavily or something, but I can't imagine this area is any different. Maybe even better.
Like, because that's doesn't look good.
That's not like a good area.
And then this photo is 2022.
Um, less trees, slightly better, but abandoned houses over here. Um, this is a this is an outlier. This is what we would call an outlier. This is strange. I see these. I I understand that, but this is a strange outlier thing. I'm more inclined to comp with the properties that are right around this area here. Um, and then the propstream value as well, you know, 119,000. So, >> I I I think I think that somebody could pick it up. I'm tempted to comp this range to this range to this range and click.
Well, let's look what's for sale as well.
>> Okay. Yeah. Sales. What's for sale kind of reflects what's sold. So, yeah. Um, >> you're definitely >> I understand now. I understand. Yeah.
>> You're definitely a bigger single family and you've got this at 60 >> 60,000. Yeah.
>> Yeah. I mean I mean, dude, I I I think you've got something. I mean, 50k rehab, just light rehab, then list that thing for like 160 170,000 as a single family over here. Somebody could pick that thing up. Um, I'm nervous because of the conversion project, but yeah. Um, I I feel like somebody could pick that up.
Um, Yousef, I'd also post this on Buybox Cartel. I'd post this on Facebook groups. Um, oftentimes, Yousef, if the sale is really important to you, you can find some buyers or potentially wholesalers that want to JB with you by going to groups and then posting it in in little groups like this. So, I would post it in five to 10 groups like this.
That's how I initially sold my wholesale deals. And um, that'll also get some more attention on it and more feedback from local buyers. There's no reason for me that it's not like a deal. It could totally be a deal, but I'm looking for more like cookie cutter standard stuff just because they talk about all the time rather than taking a risk for a similar profit figure, you know?
>> Gotcha. Gotcha. No, I feel I feel I feel you're right. It's it's not like the I didn't know that the areas area differences is really big here.
>> Um >> Yeah, it's very street by street, but dude, it's not it's not a bad deal. You don't have a bad deal. That's, you know, I know you know how to do your numbers, right?
>> Yeah, I got you. I got you. Okay. And my other question here is regarding seller financing and yeah, seller financing.
So, I just saw the deal that the guy showed you uh that you said that you said it's a good deal. So when I when I run the numbers for a seller finance deal, I really make sure that once the buyer hits the balloon time and he have to cash out refinance, he must cash flows when he cash out refinance too.
>> That's correct. So it's a matter of cash flow and equity.
>> Yeah, exactly. And for for this kind of deal that you just showed, I don't feel that he will make money when he cash out refinance. And at the same time, even though if he made money, he will not, let's say he cash out refinance with a DSTR loan, it will be negative cash flow.
>> But this this this here is being this is a flip, right? So somebody flips the property to a retail buyer. A retail buyer holds. They don't care about >> Gotcha.
>> So So the only time that matters is if you're selling a turnkey property that is only for an investor and it's on seller finance terms. But for something like what you just showed me, fix and flip, you know, the the refi doesn't really matter because your end buyer is somebody who could own it for 10, 20 years, you know.
>> Oh, no, no, no. I'm speaking about the the duplex deal in Montgomery, Alabama.
>> Oh. Oh, yeah. Yeah, yeah, yeah.
>> Yeah. So, most likely the buyers end up by cash out refinancing. They they are not putting on the market to sell it for a retail buyer.
>> Yes, I would imagine they refi. So for that deal, 290,000 minus $30,000 and then we barely pay it down considering we do 300* 72 216. So subtract 21600.
That's my only complaint about this deal is the price is too high. So 238400 on the refi, your monthly pay, >> let's say the rent is 2100 interest rates at that time. They would be higher than that. Six years of rent increases is more than $100 per side.
That's one year of rent increase. So, so I'll tell you, um, Yousef, when I lived in a rental property, I paid um, something like $2,800 and my landlord calls me next year and he's like, "Hey, by the way, we're raising this thing to $3,100 or $3,200."
So, that's very standard in the United States, you know, that that's that standard increase. So, and then guys, put your rental increases in the chat. A lot of people here are renting. What was your what was your increase last year?
Go ahead and put it in the chat.
Everybody here who's who had a landlord that increased their rent, what was the rent increase from the last year?
>> 100 250 >> Oh my god.
>> 175 350 5% 900 to 1050 200 negotiated 100,600 to 2300 increase 10%. Yeah. Yeah. Yeah.
So that's pretty standard man. That's that's um Yeah.
>> I keep getting accused of steroids on here. Holy white guy on trend.
It's crazy. Uh, everything about you pisses me off. Thanks for watching.
Okay. [laughter] And then dig deep. Remember, go internal. Why? Why? Why? Try to uncover.
Try to find your why. Why do I make you mad? What is it? Chances are it has to do with your father. Okay. Um, Yousef, uh, you all good?
>> Yep. Thank you. I really appreciate your time.
>> Talk soon.
Um, and then Chris, we're just waiting for >> Yeah. Uh, he's letting the tenant he's asking the tenants right now, so he's going to get back to me.
>> Okay. Um, and then, uh, hey, you posted something in the chat and I don't remember what it was, Devin, but it was worthy of you being brought up that I wanted to see.
>> It was, uh, it's in your DMs. It's a five unit in Cleveland. It's the lady who the agent that we sold that deal to Harry. She wants me to find a buyer and I think I found two buyers, but I figured I'd run it by you. Um, so she had it listed for 250. I got her accept 220 and then at 230 four of the five units are occupied. It's like >> wait. So, so, so we gota I gota paint a picture for myself here. What do you have it under contract for?
>> 220.
>> What's it listed for?
250.
>> Good.
>> It's only a 30k off.
>> It's It's fine. That's okay. It's okay.
Especially because of the cash on cash return. Um so let me let me just figure out your mortgage. So let's say we sell it for You say you got it for 220.
>> Yeah.
>> Let's say we sell it for 230. Down payment $43,000 interest rate 7 payment 1244. I would imagine taxes and insurance about 400 bucks on something like this.
>> Yeah. I was I think I had my all my PTI at 1,700 1766 or so. But yeah, do your I think 250 >> I it's it's five units and Cleveland's rather expenses on taxes and insurance.
So I would imagine it's a little bit more than that. What is Zillow talking?
>> Um what I did on Zillow.
Sorry, I think I just went to something that was like 240 and grabbed it and pulled that number. But if I was in Cleveland, I'm going to say, >> "Sorry, my phone's taking forever."
>> No, no, you're good.
>> Probably. Yeah, probably 400.
>> 400 450.
>> Okay. So, 1244 plus 450 1694. Um, occupied rent is >> um, it is in your DMs. Let me grab it.
It's It's >> 3376.
>> Yep.
>> 3376. And then we could get another >> 804 to 850. Probably >> 850. Okay. Okay. So, it'll bring in four mostly occupied. I'm going to consider it to bring in 42. I'm going to take um I'm going to take I'll guess I'll take 20 off the top. I I I guess, but you could argue 15. Um then I'm going to subtract your payment 1694 here. And I'll share my screen on this underwrite, guys, just so you guys understand.
[laughter] Chances are it has to do with your father. Guys, am I not right about that? If you see another man's outfit, if if you see another man's outfit and you're like, >> "Everything about you makes me mad."
Chances are it's about the dad, right?
Chances are that's the biggest influence in that field because the mom just doesn't really care. You know, she's just not going to comment on stuff like that. 1694. Dude, this is heat. That's heat, bro. I That's so far right here multiply. Oh my god.
>> Yeah. So, so at at the four out of five rented with just renting it like that, I got a 26.9% cash on cash. So, that's why with the five out of five, it's even better. And so that's why I was thinking 235 is probably like I was thinking 15 feet would be sufficient. And I have like I have two buyers, but I also am very appreciative of all that you do. So I always like to show um slight favoritism and give you personage.
>> Let's call him back because dude, that's so fire. Um here's the thing though.
>> Go ahead. Go ahead.
>> Every time that we have one of these that the realtor's like, "It's in good condition. It's in good condition." We find crazy [ __ ] So do you know anything about the condition?
Yes. So, it's an So, I have the full inspection report. I've reviewed it.
There's some miscellaneous things. The thing is four the four tenants are all old um veterans and so they don't they're like PTSD veterans and they let them kind of go go there until they die.
So, there's like some rehab that needs to be done, but it's one that probably wouldn't qualify for a like FHA, but it could probably qualify for a DSCR. So, that's why like we probably either need to go private money or cash.
or DSCR or DSCR, but it's it's more so like it's the the renters don't we're trying to avoid them getting kicked out because they're old veterans and they'd be displaced and they are like they don't even really like maintenance people because they're so old and they have PTSD and stuff. So that's why it's like the the rehabs don't need to happen until the people are out >> in a sense into the property.
Um, I believe so. You should be able to, but I have the full inspection report as well, so I can send to you. So, either one. I can text I can text the real right now. It's the same one that did that hairy deal. So, she likes me a lot.
>> Okay. Oh, so we we wait. Oh, did you and I just close? We just closed.
>> We closed that. Yeah. Yeah, we closed that six that 62 with Harry.
>> Right. Right. Right. Right. Right. Of course. Of course. No, this is good. Did you get the wholesale disclosure signed?
>> Yeah. She's She said it's it's fine.
She's to be signed. Yes. She's all good >> calling. I'll be tentative on the condition. We have a We have an inspection.
>> Yo, what's up?
>> Five units Cleveland 30% cash on cash return. Four out of five occupied. And we have an inspection report.
>> Uh, yes. Just checked for shootings.
>> I don't >> Cleveland, Ohio. Is it Is it East Cleveland?
>> Um, East Cleveland's a bad area. So to >> Yeah, I know. That's why I'm making sure >> there's there's the eastern side of Cleveland, but East Cleveland is a different is a different area entirely.
Devon, is this is this um Harvey?
>> Yeah, this is Harvey.
>> Okay, checking for you really quickly.
Um it's not East Cleveland because it would say East Cleveland. Um >> what's the purchase price?
>> Purchase price is 2 235. Yeah, 23.
>> So it's a it's a fiveplex. Is that Did I hear that right?
>> It's a fiveplex. We have an inspection report to save you some headache.
Long-term tenants in place, not on East Cleveland. Um, I can't I'm not going to say anything about the condition. I'm going to send you the inspection report.
>> Cool. And then is it sanction or cash?
>> I think it's I think it's cash tenants.
The seller or the the wholesaler is telling me that these are um uh veterans like veteran tenants who who just want to stay there until they're not here anymore.
>> Okay. Veterans means they get sometimes veteran payment from the VA. I'd be curious just to hear what that is. Um but yeah, especially Yeah, we're we're we're a fan of that.
>> Okay, cool. Well, let me go ahead and send this over to you. Um I'll send the inspection report and um we have 40 Hold on. We have It's like 4,400 coming in. Your payment is like 1,700.
I think I lost you.
>> I'm still here. Oh, I'm still here.
>> Oh, okay. Okay. Yeah. Well, >> you said 4,400's currently coming in with one of the units is vacant.
>> So, yeah, one unit is vacant. Um it's not $4,400 coming in. It's 4,400 less one rent. So, the active rent is um 3376, but you'll get another $850 for the other unit totaling um 4,400 I think.
>> Yeah, it sounds like a win. Send it over. That's an easy one.
>> Yeah. Okay. Um obviously inspection, we'll find out. Um but I'm I'm getting the inspection report right now and um I will go ahead and send that to you along with all the info.
>> All right. Thank you.
>> Talk soon. Bye-bye.
Okay. So, let's bring you up tomorrow.
Tomorrow at 2 PM. Remind me to bring up Devin.
>> Okay. I added it.
>> Okay. Got you locked in. And can you send me um can you send >> the report?
>> Yeah, the report.
>> Yeah. Do you want me to text it to you or email?
>> Um um would you mind uh DMing?
>> Yeah, on here.
>> Uh yes, please.
>> I got you.
>> Oh [ __ ] guys. I'm not going to get time to pull my own deal today.
Um and then this is occupied at 3376.
>> I said the right price, right? 235.
>> Yep.
>> I almost misspoke.
>> Well, that way we can go down if needed.
I'd rather do that. Absolutely. Good idea. 235 3376 coming in 4500 unit and then 950 for the other unit longterm long-term cash, right? Cash tenants.
>> Yeah. They So, she said that the VA will just give them we'll let them know when somebody wants to move in or they have somebody and so they have a property management that will stay if they like the buyer. But if not, then you know they find a new property management. But they have a pretty good relationship with one of the VA. So whenever somebody comes in, they're just like, "Yeah, here here's the other spot if you need." So nice plugin.
>> Excellent. Excellent. Excellent.
Excellent. Um >> saving the file and send it to you right now.
>> Okay, so that's really good, dude. It's It's really simple to find a good deal, guys. The part that I see these falling apart on is is it in good condition? Oh, yeah. It's great. Hey, dude. So, you don't have a roof. But that's Who needs a roof? Who needs a Why would you need a roof? You don't like the rain. That's like what I run into every day. So, >> yeah. Well, well, the crazy thing is, so I uh I had somebody ask me to get them a deal in like Connecticut and then somebody else in New Jersey and then somebody in St. Louis. And then I called this lady in St. Louis and she's like, "Oh, I have I have the seller finance, but it's already probably being sold, but I'll have another one in a month."
And I'm like, "Shit, but if you find me one, I'll give you a seller a finder fee." So I think I just got like four five other buyers. So some of them want to join. One, a couple of them want to join your buyer list. Then a couple of them just random.
>> Click the link in my bio or go to buy cartel and they can build themselves a profile fully free.
>> Oh, dope, dude. Appreciate it, man.
Yeah, I've got a couple kids that or not kids, but people I'm mentoring. So I I appreciate all that you've done, dude.
>> Dude, rockstar.
>> Hell yeah. Hell yeah. I'd love to do another deal with you and um I will Can I get that inspection?
>> Yeah. Yeah, I'll send it right now.
>> Thanks. And then >> it should be a good deal.
>> Guys, I'm gonna do a couple calls after this. I'm gonna try to pull a deal because we've been seeing good deals all day. I want I want to see if I can pull a deal, too. Okay. I'd like to get one on my own. I mean, I know I got one the other day or today. I have a flip in Detroit. Can you bring me up?
All right. All right. One more. All right. One more.
>> Um, so it says that it exceeds the file size limit.
>> [ __ ] I'm gonna send you my email.
Okay, >> I think I have to do >> emails in your DMs.
>> Okay, >> Jesse, make it quick. Jesse_1, make it quick. Quick.
>> Uh, yeah. I'm sending over the uh to your DM right now.
>> Okay. Royal Foundations, I got you, man.
All right. All right. I want to call and then send that over to me. I just accepted your friend request.
Damn, Richie really got caught by the LGBTQ community. You say, "What is LGBTQRS?"
Like Audi RS. LGBTQRS.
What is that? Okay. Um, interesting.
Uh, I have they have an offer for 5. Oh.
Oh, you don't have it under contract yet?
>> Uh, yeah. It's not under contract yet, but the um they are willing to accept 55 and um we will pay for the closing cost.
>> 10K below list price can't be 10K below list price. Please please please take the courses. That is >> uh well I did but you know the um they were asking 67 and the property looked in a really good condition. It doesn't need anything for I mean I believe it would need like 20k work >> and the ERV is I believe it's really good. So, what do you think?
Okay. Um, I'll send it to Chris. I'll send it to Chris and I'll put you in a chat with Chris. Um, but but here's the thing.
>> Yeah.
>> I collect buyers and these buyers say, "Can you send me discounted properties?"
And I say, "Yes." And then if we send them one that's 5K below list because remember we add a fee onto yours, right?
So if you get it at 55, we add 5K and it's listed at 65, they see that the deal is 5K below list price and it completely defeats the purpose of me having those buyers on my buyer list and they will remove themselves. They'll unsubscribe from my email, my email campaigns where we market these properties to them. They'll unsubscribe from it or unsubscribe from our text campaigns when they see that we are sending them houses that are that are 10K below list price. So, um, I'll tell you what. I'm going to send this and your phone number to Chris, and Chris will text you if he's interested. Chris is my business partner.
>> Okay. Uh, let me tell you this. It was on the market like a month ago or two months ago for 90 90K.
>> Big price.
>> And yeah, and I went again on the market for 66 and I uh I offered 52. Uh, I saw that the condition is not so bad. Uh so uh they told me uh 57 and then I you know negotiated a little bit with them.
So they said 55 is okay. So yeah. Uh so I figured I that's not the title deal for the uh buyer list in the uh in the group but I think you know it would be good for Chris if he would uh consider it taken up.
>> I'll tell you what. Send me your phone number please. Okay.
>> Oh yeah. I will send it over to you right now.
Is it my turn?
>> Maybe [snorts] I'll be.
>> Okay. Um Devin, wait. Oh, you sent me the inspection. You sent me. That's >> the email. I just sent you the email, so it should be in there.
>> Okay, cool. I got >> It's a long one. Um, but yeah, let me know if you need anything. I think you still have my email, my phone number, but I'll worst case just talk to you tomorrow.
>> I have a reminder to bring you up tomorrow. I just sent it to the buyer.
Okay.
>> Appreciate you, Doug.
>> Um, Jesse, let's see if we got that number.
Yes, we did. Is that a Is that a That's a US number, right?
>> Yeah. Yeah.
>> Wait, wait, wait, wait.
Wait, no it's not. There's like way too many digits in there. We can't text numbers that aren't US numbers as >> you >> What do you have?
>> Oh, you guys.
>> Oh, it's an it's a I can't hear you anymore. But but a US number has three digits, three digits, and four digits. This is >> I know this is not a US number. Uh, it's a number from Egypt, but uh, you can send me an IM text.
>> Okay, I'm going to text you. Tell me if it goes through. Okay.
>> Okay.
>> Oh, it's blue. Okay. Did that did go through. Okay, that went through. All right.
>> Yeah, I got >> Okay, it's hooked up to an iPhone.
That's why it works. Okay.
You should make calls immediately.
>> Hey.
>> Yeah.
>> Um, student sent me something. It's not really discounted, but it got a massive price drop on Zillow. So, they only have it 10K below list, but it just got price dropped 35,000. Looks like a light rehab. They're saying ARV is 135. I'm not going to put you in a chat with them, but I'm gonna give you their phone number. They have an iPhone, but it's a weird number, but it works as an iMessage. Um, if you want to underwrite it for a potential single family flip of your own, um, >> yeah, >> I'll send it over to you and and and and, um, you can text her. Her name is Jesse, just in case you're interested in that deal.
>> Yeah. Yeah. Yeah. I think I'm really close on these two deals that I'm looking at right now, and so I'd like to get more lined up. So, you said ARV is what and the list price is what?
>> 55K is what she can get it for. ARV is 135. It's listed for 65, but on the 11th of May, it had a $30,000 price drop.
>> And it only needs how much in rehab?
>> I haven't done a lot of effort in looking into it, but it doesn't look like it would be the end of the world if you lived in it now. It almost looks turnkey.
>> Okay. Okay. Yeah, I'll take a look.
gross exterior. Needs roof, needs deck work, needs new carpet. Um, and then needs plant removal and maybe some bathroom looks weird. Bathroom looks weird, >> dude. Yeah. Okay, let me let me take a deeper dive into it. Um, could you text me the address and the student's number >> already in your messages?
>> Great. Okay, cool. I'll look at it right now. Thank you.
>> All right, cool. Talk soon. Bye-bye. All right, see you. Bye.
>> If he's interested, he'll text you.
Okay.
Okay, sounds great. Thank you.
>> All right, byebye.
Last one. Royal Foundations.
>> Wee wee, baby.
>> What's going on, man?
>> Uh, yo, check your phone. Uh, I believe you got my number, right?
>> I currently have 50,000 text messages.
>> You 100% right. Here, what? Here, peep this.
Boom. Got it.
>> I also got a warehouse in Connecticut, but we going to focus on the uh Detroit one. Good old Gotham City.
>> Yeah.
>> What is a bad area kind of neighborhood?
>> Okay. What type of deal? Flip >> coin toss.
Uh, it's estimated around like from Propstream like 130 around the area. I drew a border of it. I literally took a screenshot today. Looks like ARV at best could be around like 170 175. Got a few solid comps for it. It's a 4 bed, two bath, single family property. Uh, 1238 square ft. If I recall, this was built in.
>> Is this >> Appaline?
>> Yeah, I actually brought this cuz I think this might be something you might be interested in, but I'm also I'm also okay with a joint venture. I don't give a damn.
>> Oh, wait. You're you're live. My bad.
Sorry.
Um, >> bear with me. It's off market.
>> Yo, >> okay. I still need to pull it. It's If it's off market, Zillow kind of hides these things from me.
>> So, I need to mask this thing up.
>> My god, I flabbered. Everyone's gassed right now, bro. Like, started the thing.
It sounds like >> Gosh, why does Why do they make this so hard?
God, they make it so hard to find this stuff. There's the 10. And then we are the first second block over past the 10.
Okay. Uh, also no cap, these pictures were actually I believe were taken like oh the first one's just like like a screenshot from like you know like maps or whatever, but the rest of the uh pictures I sent you I think they were actually taken a few days ago according to the seller but you know >> okay >> and I'm not hold my breath on it but we do have an inspection. The property is vacant and on a lock box. I got the code to it, too.
>> Okay. Um, so first things first, this is these are all the houses that are for sale here. Um, you will see that the highest listing is 145 and then we got that 159 over there. What are you thinking ARV might be?
I mean, it's honestly like I say 175 as a stretch, but on a realistic side, somewhere around like 150, 155ish, >> 42.
>> Cuz I have a property uh 16231 Appaline Street. It's a 4 bed, one bath, but 1,400 ft. That sold for 155.
>> Okay, check it out. So, um, 43, the highest sale in the area is 3 230, but obviously it's a big boy. And then you got 182,000 for a 43 with 2,300 square feet. Um, and then you got a 177 for 2,000 square feet, also 43. You're a 41.
Yep. Um, >> um, actually, surprisingly, they updated it to a 42, but they uh, Zillow didn't feel me.
>> Okay.
>> And update [clears throat] that.
>> Okay. So, um, square footage is going to be important here. So, I see that you have other four walls selling for one, you know, 155, 158, 162 for all four ones. 41 is a common layout here or 42 even 42 right here. Um, but square footage is really important. So, we need a comp within 250 ft like this guy right here. So, this is this guy's sold for 150,000. Um, 1243 feet as a 32. You're a 42. That's great. Um, and then this guy a little bit more square footage. So, you'd have to comp with properties that are within that square footage range.
So, I'm going to take this guy's price per square foot. This guy's price per square foot is looking like, what are you going to show me? 107. So, 107. So, we're going to average three price per square foot of nearby sold comps. That guy. And then you also had your um that's a different type of house, so I don't want to use that. Um you also had this this one, right? Yeah, that one. That guy's price per square foot is 121. 121. And then this, we got one more price per Oh, [ __ ] >> I believe I sent you pictures of two properties uh that I use as like much more direct comps.
>> I want to make sure that using >> one on the same street, the other on Steel Street.
The other one still street that sold for 174. 175 is a 42. 1,600 square feet is a little bit of a jump, but I mean it's kind of close in range.
>> So that one for 135 a square foot.
That's going to help you a lot right there. So these are my these are my best comps that I found. Most relevant closest comps. Average price per square foot 121. You that's that's good. That means we just completely got rid of that that right there. And your subject property square footage >> is 1238 >> is 1238. So a fair ARV here um [snorts] as you said just about 150,000. So yeah, I'd put it anywhere between 140 and 150,000.
>> All right, cool beans. Cool beans.
>> Um what do you have it for?
>> Uh I actually got Buddy for 70.
>> Okay, >> tell me how much you love me. Come on.
>> Well, I I don't I need to see photos.
Um, what is it? What does the inside look like?
>> Uh, checker checker.
>> Am I text?
>> Yep.
>> I just have photos of comps. Oh. Oh, I see.
Just a leak.
Yeah.
Probably like 30k. needs mechanicals, leak fixed, floors refinished, maybe some paint, maybe some exterior work, maybe like 30k, probably sell for 150. You'd be in it for 110. There's room for somebody to make profit on this. Um, I'll tell you what. I'll tell you what. I've got three flips going on right now. I'll pick up another, but I want it to be a multif family because I do have one single family I'm flipping right now. I don't know how that's going to go, so I'm nervous to flip to single family, but my business partner is looking for one. Um, so I'm going put you in a chat with him.
Ah yeah.
>> Hey Chris, this guy has a property under contract for $70,000. It looks like it has a small leak in it and other than that it's damn near livable. So I would say 30,000 rehab Detroit, you know, you'd be in it for 110. It'll sell for 150 and it would be a good rental as well. So, um, this is another one for you to underwrite and he'll go ahead and send all the details.
Yeah, Chris will get you an assignment fee if it makes sense to him, but if not, submit it to my team. We'll blast it out, see what we can do.
Yeah. Um, Liz, I've been doing deals live like all day long. We we got a $13,500 assignment fee pass inspection today. Showed the whole process and the negotiation prior. Um, but Royal Foundations, you're with him.
I I got to head out. You're all good.
It's just a little outside of the box here, but do you deal with like commercials? Because I got a warehouse in Connecticut.
>> Not so much warehouse, but commercial on the on the on the retail or on the residential side where it's like commercial, five unit, six unit, seven unit, that sort of stuff. So, we do commercial, but not so much warehouses.
Ah, because I have a warehouse and a plot of land in combination under contract in New Haven, Connecticut.
>> If it were on creative finance terms, that would help. But Chris is texting me back. I got to move on, man. I'm sorry.
I got to go.
>> Of course, of course, of course, of course. It' be easy.
>> Stu, you're back up here. Was there something else?
>> Yeah, the agent didn't want to extend the EMD.
>> EMD for tomorrow.
My homepot is acting up. [clears throat] >> Hold on. I I'll tell Joseph.
>> How much is EMD?
>> Uh 4,400.
>> It's high.
Talk to me. What you got?
>> Hey, we could not another deal, but update on EMD. Um, we can't get EMD extended. Agent declined it. EMD has to be in by tomorrow or the deal is going to fall out.
>> What property? What property?
>> Memphis five pack.
>> Yeah. No, I'm aware. I saw that.
>> Okay. Yeah. Just letting you know update. We would have to submit EMD tomorrow um in order to keep that deal going. So, ideally, if your guy can get in tomorrow and then >> I told her to send me over I told her to send me over the wire instructions and the um the title company.
>> Good. We'll get that over to >> the expiration of the >> I feel like it's possible because we can um we you can you know you can check out the property, see if they're good by tomorrow. The rest of the ones you haven't seen, but usually if you know if a landlord keeps a property in that condition, the rest are probably in that condition. But I feel like we could probably hit that. I'll tell Sue to send the wire instructions to the chat.
Yeah, that'd be great.
>> All right, perfect. Talk soon. Bye. Bye.
>> Hello.
>> Yeah. Hey, I'm in the middle of a meeting. Is it okay um if you call me back in like 30 minutes or so?
You're Oh. Oh. Um I'm I'm sorry. I'm just in a I mean like is my my what panel?
>> Oh. Oh, okay. I'm so sorry. I just don't have a way to deal with this right now.
I'm in a I'm in a Zoom meeting. I just >> Is that something we can we can get fixed or probably not?
>> Not today, of course, but just in the future.
Okay.
>> Oh, you think it does need a fix if it just dries out?
>> Okay, just get me a quote for that and we can we can talk more about that.
>> Okay. Well, if you could send me a quote as well, that would be super helpful.
Thank you so much.
All right. Bye-bye.
Boat ownership is rough. [snorts] Okay. Um, Sue, try to get wiring instructions in that chat, please. Okay.
>> Yeah, I said I would get it tomorrow.
Just to be clear, it's a refundable EMD if we're not satisfied in inspection.
>> Good. I will let them know. Actually, let them know that now.
>> I put it in the in the chat. Yeah.
Okay. Should be fine. Should be fine.
>> Thanks. Thank you. Bye.
>> Bye.
>> Bye.
Richard, um the agent hasn't gotten back to me. He said he left the tenants voicemails.
So, I don't know if I can get you a number or something so I can reach out to you or >> um I will bring you up tomorrow.
>> Okay. And uh also um the EMD on this one was three days. He didn't want to budge on that one.
>> [ __ ] Okay. Well, we'll see if we can get him in over the weekend or tomorrow. Okay.
>> Okay.
>> All right.
>> Tomorrow at 2 PM. Remind me to bring up Chris 247.
Um Kai, I don't know what Columbus is.
Oh. Oh, Columbus, Tennessee. Yeah, your guy won't respond. Get him to respond. I don't know. I don't know why he won't respond. Highland app. Yeah, I'll text him.
Hey, Michael.
I'll piss off if you say the word.
Let me know if your seller is saying no now.
Okay. Um All right. All right. Um, Chris, we'll bring you back up tomorrow.
Guys, I I'm gonna I'm just going to try to find something. This is what I wanted to do today, but we didn't we didn't get to that. We had a lot of questions. Um, no, I'm not taking any more questions.
Absolutely not. I'm sorry. Um, but you can talk to the next speaker after this who definitely knows the answer to your question. Um, but I'm going to look for something really quickly here.
So, [sighs and gasps] I'm going look for a little like cash deal. I'm going to go in Memphis, Tennessee. I'm going to filter for multifamilies, property type, multif family, because those things cash flow really well. Um, I'm going to price low to high just to see what these things start at here. Um, I feel like anything listed for these prices could be a Oh, actually that's just fine.
1,500 a month. But 140 is terrible. 140 for 1500. That is a bad deal, man.
That's a bad deal. 140 for 1500 does not make sense.
Okay. So, that's that won't pass inspection. Most certainly won't. Yeah.
No, that's not going to pass inspection.
That's not going to pass inspection.
None of these will pass inspection. That could that could pass inspection actually.
Uh, it's kind of gross though. It's not terrible, just a bit gross. Okay. What are your tenants paying? Tenant occupied. Oh god, that's just terrible, guys. Occupied at $1,100 per month, guys. When I see a price point of $130,000 occupied at $1,100 per month, that's bad. [laughter] Y'all need to know that. Like, quick, quick, quick. That's [ __ ] Um, so going into slightly higher price range here.
That needs a new roof. Won't pass inspection. Um, what are you? That looks nice. Roof looks good. Um, what the what the [ __ ] is that?
Why does it look like that? Oh. Oh. Oh.
Oh. No. That won't pass inspection, guys. Come on. What is this bathroom?
What is this?
No. No. You can't just stick [ __ ] on and call it good, guys. Um, that's what they're doing here. So, I I I haven't even found one that I'm interested in calling yet. Like, sure, we could pitch creative on all of these.
One side rented. Oh, [ __ ] That's what I'm talking about.
Oh, yeah. Yeah. Yeah. Yeah. Yeah. Yeah.
Yes. That's the one right there. That's the one. Absolutely. That would pass inspection. Those are new windows. Don't you dare steal my my deal. I'll attack.
Um, this thing is literally producing over 2,000 a month and is listed for 190.
Yes. Yes. That's the [ __ ] right there.
I've stood up this whole live stream.
That's so good for my my legs, my back, and everything. Hell yeah. Okay, let's figure out what we need to offer on this. I mean, without doing any math, probably like 160, right? Um just to get a nice little discount for the buyer. Um thanks, Bart. It has been the topic of discussion today for sure. So, um let's run cash on cash return at their asking price. Everybody watching my screen right now? Check shootings. Good question. Good, good question. Good question.
Um, it seems to be that's less of a discussion point today.
No shootings. Hell yeah. Um, you know what's more important than shootings?
Condition. Whoa. Walt, what are you doing here, bro?
What are you doing here?
You going to come up and and say where you've been? Where did you go? Do you go you you f What happened? I thought I could get away. Uh I've just been busy with school, man. I've just been locked in with school.
>> I respect it.
>> Pretty far in.
>> I'm a rising senior and I'm just trying to, you know, graduate on time. I'm too too far in now to >> No, no, no. I am not a guru that tells you to back out of college. I have I I got the degree. I I I I saw it through and I think you should do the same. And honestly, dude, I'm I'm really happy I do. Everybody I know who stopped college early is just down bad about it, dude.
The degree is worth it. Get that thing.
Not that it will make you a ton of money, but it's nice to have.
>> I think I I think you said this before, but I think that for the older generation, it is a sign of like competency. Yeah, >> it is. It really is. I I you know, I I I my business partner Chris doesn't have a degree. We meet with limited partners, LPs, um to fund our real estate deals, and the first thing they say is, "What is your degree?" And I say, "I have a bachelor's of science." And um he's has to say, "I don't have one." And that's never been super easy for him. So, yeah, that's um I'm I think it's I think it's good to finish. Dude, try to try to line something up um before you before you graduate um in this next year or so because I will say when you hit the workforce, life becomes different.
Everybody I know who's finished college and didn't line something up before because right now, right, you're you know, you've got homework and stuff, but you know, you probably either have like um student loans so you don't have to pay back yet or or support from a family member and um life hasn't hit yet, so you still have the capacity to make [ __ ] happen. But get that degree, but try to try to like figure out how to make 4K.
Just 4K per month. If you can figure out 4K per month, you don't have to enter the workforce and you can you can grow from there.
>> Yeah. No, I'm starting to make calls again and I want to do pick and flips like like you're doing right now.
>> Yeah, it's Yeah. Yeah. So, since you've been gone, I have multiple hard money lenders that we've added into the group.
I actually just got another one, guys, that I will add right after this live stream. Um, and we actually have what's called a GAP lender. The gap lender funds the down payment difference that you need to come up with. So even if you don't have the money for a fix and flip, you can apply for a gap loan that covers that difference, which is really cool.
>> I would love to love to get involved with that.
>> Yeah. Yeah. Yeah. Yeah. Fix and flip course has been filmed. Of course, I'm just waiting for my editor, but um I'm gonna make a call right now. I just wanted to say hi.
>> Hey, good to see you.
>> See you guys. Walt was ripping, you know, when he was doing deals here. He was like another Yousef. He was just doing lots and lots and lots of deals.
Walt doesn't know about Yousef. Yousef is an Egyptian killer. He's just an absolute killer in the community. Um, okay. So, let's run cash on cash return.
I'll make an offer and um we will go ahead and see if this thing makes sense.
So, first and first things first, let's run it at 170. I think we could get it for 170. No problem. Um, what's your down payment on 170? $24,000.
Oh, what am I doing? $34,000. $34,000.
Uh, monthly payment 904. Taxes and insurance in Memphis. Not like Detroit.
Dummy cheap. Probably like 150. Yep. 150 plus 63. Call it 210.
210 taxes and insurance. So 9005 + 210.
905 + 210. And if you'd like to follow along in a formulabased way, rent time.8 8 minus PITI * 12 / total cost of entry entry using 10K for close closing and 20% down. So this is your formula and some directions if you'd like to follow along. I'll also let you know that um oh Yen is in here. What?
I haven't seen Yen in a while. Oh, cool.
Hello. Um, so yeah, this is uh this right here is probably probably perfect.
I I really believe in this deal, guys, if I'm being honest. I really like what I'm looking at here. So very excited about this so far.
Okay, so there's your formula. We're going to add these two together. That's your PNI, PITI, actually.
[clears throat] And um then we're going to take our rent. We're we're occupied at um one is rented for 1075, the other 1050. So that what is that? 2125.
Yeah, 2125.
And then we're going to subtract we're going to multiply that by uh 085 since it has tenants in place.
And then we're going to subtract our 115.
That's how much you make per month.
Wait.
Okay. That's how much you make per year.
Divide that by total cost of entry. 34 + 10 for closing costs. Um 10 for closing costs. It makes it 44.
O. So close.
So close.
Oh [ __ ] I paused my screen share.
Sorry.
Oops. Sorry. I'm sorry. I'll redo it.
I'll redo it. Let me redo the math. So 2125 comes in. I'm going to take off say 10% because it's fully occupied and fully renovated. Then I'm going to subtract my 1115.
Um then I'm going to multiply this by 12. Then I'm going to divide by total cost of entry. That's 44,000.
Then I'm going to reum rerun numbers with 15% off the top because I feel like I'm not I feel like I'm being biased right here with my own deal. So take 15% off the top. That's valid. 15% of fully occupied valid. Um and then go ahead and subtract your 115.
That's your PITI. 1115 is PITI.
Multip multiply this by 12. That's how much you make per year. Divide by total cost of entry, 44,000.
That's 18.8. So, we're very, very, very, very close on this. Um, I think I need to offer $160,000 on this thing, which is my guess before I did the math just based on a $30,000 discount. Um, so $30,000 discount here. Not impossible. I would say not impossible.
Um, I'll also combine it with a seller finance offer because you never know, you know, you never know. So, Lloyd Patterson did not put his phone number here. That's okay because we can use a website called PropStream to find it.
20th anniversary. Wow. Propstream's been around since Holy [ __ ] Really?
Propstream came out in ' 06.
What?
Who knew that? That's pretty cool. 06.
Wow.
Um, okay. So, the realtor's phone number.
So, this for 160. I'd probably make5 to $7,000 on this. Um, call it six. I probably make 6,000. If I get this at 160, it's listed for 190. I'm going to shoot my shot right here. Chances are they say no. But you shoot your shot anyways.
I'm wholesaling this. I'm not concerned if the housing market crashes at all.
>> You wish the voicemail of May Rosemore with realtor. Please your name, number, and a brief message.
>> That's not the realtor. The realtor is a guy named Lloyd.
Let's make another call. Memphis realtor.
Lloyd. Gosh, my back is hurting. There he is. Hey there, Mr. Lloyd.
Thanks for sharing your phone number, dog.
What?
Call failed. Oh, that's my service.
[ __ ] >> Please leave your message for >> double dial. I'll do it. What's the worst that could happen? He's going to yell at me. I'll give it 10 9 8 765 432. Okay, we're calling. Should I FaceTime him? Hey there, Lloyd.
Please leave your message.
>> No. All right. It is late. Okay.
All right. Well, that's my one. That's my one. I'd get that for 160 and I offer creative on it, too. Hits 20% cash on cash at that price.
And we're going to do Um, not really. No, not yet, Tyler.
Unfortunately. I wish I wish we could fix that, but I think we're going to have to go another route. Um, but we'll figure it out. Figure it out. [snorts] So, look how many greens I've gotten recently, guys. These are all Well, that's not And that's not either. Okay, so that's kind of a lie. Reset. Yeah, that's Those are not deals. Um, I don't think we got that either.
Okay, I'll text him.
Hey Lloyd, I own uh 1347 Herbert A in Memphis.
Just saw your listing on Hope Street.
The mortgage mortgage payment at 190K is 1,400 and rent is 2100.
Expenses eat up the profit.
I could pick this up for $160,000 plus plus all closing costs.
So, I just sent him that offer, fired that out right there. I'm going to add him to my contacts, not by his name, but more so the address dash agent dash agent.
And I'll say, can you represent me in presenting this?
Come on, phone. Stop. Oh my god, I need a new phone so bad. This thing is trash.
Um, look at this. I can't type.
It's just black. Just a black screen.
You know what? This thing slowed down a month ago. I think Apple is still purposely slowing down their phones so that you buy a new one.
It's terrible.
Um, okay. Okay. So, I'm going to say, um, can you represent me in presenting this offer to your client?
My name is Richard Taylor.
My company is GT Properties Group.
My email is and then we'll send him proof of funds and then we follow up with him tomorrow.
Maybe he'll text me back tonight. I see that happening a lot of the time.
Yeah. I I don't know. I think it's frustrating that Apple does that. Um I think that they should stop doing that, but that definitely is what's going on.
I mean, it still works, right? It's just like it used to be like quick and now I feel like it's not quick and I bought this thing like I feel like I bought it like a year ago.
Whoa. I almost have $300,000 liquid. Oh [ __ ] We'll have to put that in the Discord.
Oh my god.
The most money I've ever had liquid is I think I had I think I had 450 one time.
Oh, that's for the Discord [ __ ] New PF is posted in the Discord for you with date on it from today just in case you need it.
All right. All right. I'm gonna give away I'll spin the wheel, guys. I'll spin the wheel. We had good viewers today. I'll reward good viewers today by spinning the wheel. Okay.
Did you drop your PF in Tik Tok? No. No.
What do you mean?
No.
Hold on. I'll be right back. I'm getting the wheel.
Okay, I've got this wheel, guys. I spin it at the end of every live stream and um it lands on a prize that we give away to our audience. Can I win that giveaway? Of course not. You have to be in the Discord for that. Unless you're in the Discord.
AirPods.
AirPods.
They landed on AirPods.
They're [clears throat] the new ones, not some Not some shitty ones, guys. New AirPods.
Any house is worth buying in the Beaverton area. I'm going to sell this bad boy in three years.
AirPods. AirPods.
Okay. Um, let's do a number to make it fair, guys.
Right. Let's do a Let's do a number to make it fair.
Okay. So, how this is going to work is I'm going to put a line in the chat and when I put the line in the chat and the question's already there and I tricked all of you.
Everybody's like, "The question is, what's the capital of Brazil?"
Um, all right.
Is it Rio? I don't think it is. Is it?
No, it's Brazilia.
Capital of Brazil is Brazilia. Brazilia.
Brazil. Don't you remember from school?
And I don't think I can take that. Pam Brasoy. [laughter] Pam wrote Brasoy.
Carlos, that's got to be you. That's got to be Carlos right there, guys. You think Carlos won? I think Carlos won.
Carlos, I'm glad you won because man, I don't think you've won before. Is that your first win? I think we just got a new member. Or maybe not a new member, but a first- time win. Did Have you ever won before?
>> I have to be winning one.
>> Have you ever won one before?
No, this is the first time.
>> Are Where are you located, man?
>> Mexico. Oh, >> can >> Mexico City.
>> Can Amazon ship things to Mexico?
>> I think they do.
>> Let's find out if I can ship things to Mexico. Can I ship things to Mexico from Amazon?
>> Yes, you can ship from items to Mexico and Amazon Amazon US or Amazon Mexico.
Cool. Yes, you can. Looks like you can.
Let's see if there's any issue. So, I've never done that before. Can you send me name, address, phone number, and I'll send you a pair of AirPods? And if not, we'll send you the cash equivalent for what I'm paying for it.
>> Okay.
>> All right. Sorry, there was a problem.
Sorry, there was a problem. What do you mean? Why can't I add these to my cart?
Sorry, there was a pro. We're sorry. The AirPods for wireless no longer available from the seller you selected. Shut up. Yes, they are.
>> Okay.
>> Why [clears throat] are they saying that? just they're totally available.
Okay.
>> If if you wish to write the the or change the the the iPhones, we can do probably a month or of of >> Oh, we could do more than that because these dude I'm these are $150 headphones, man. These are these are expensive. So, we can do more than that. Um, but but I'm going to see what we can do here.
Why is it doing this? Continue to check out Amazon. Just be normal.
Okay. Change. And let me see if I can ship something to Mexico because I can ship to Canada. So, add new delivery address. Um, Mexico. Mexico.
Mexico.
And then full name. I don't know your name.
Carlos something. Just go ahead and send me name, address, phone number, and we'll see if we can get this done.
Carlos.
And then it needs a street address.
We'll go ahead and send that. Why not order straight from Apple Mexico? I don't know. I've never done that before, but I think Amazon might have better prices. What do you think about wholesaling land? It works. I don't really do it though.
>> What is it? Did you do you need name, address, and >> I need I need address, name, phone number?
>> Okay, that's already in in your message.
>> I don't have it right now. Did you send it to me on Discord or Instagram?
>> Discord.
>> I don't have anything from you. I'm going to send you a screenshot. Yes.
So, what what type of device are you on?
>> Um, I'm Windows.
>> Okay. Right click on my face and click message.
I just panned.
>> Hey, Jason. Anybody going live after this?
Live restricted for some audience. Your live cont contains themes that some may find uncomfortable and has been restricted.
Um, no, no, I didn't do anything. Y'all reporting me now? reporting me.
Okay, thank you.
Okay, I'm going to put it in there just as you wrote it. Um, and I will send you a screenshot to confirm.
>> Hey, thanks. Great shirt.
>> Is it Did you send me a postal code? Oh, is it the 5080?
That's it. Okay.
Why? I have never done this before.
Postal code.
Isn't Mexico City like one of the biggest cities in the world?
>> Uh, no, no, no. It's not. Uh, it's not Mexico City. Uh, >> I see. I see. I just asked a question about it.
>> Okay. Okay, I'm going to send you a screenshot of this and you tell me if this looks right to you. Okay, because this is just not anything like our USA addresses. I'm not familiar with it. So, tell me if that looks right to you.
Okay, [clears throat] >> that looks right.
>> Okay, I'm going to go ahead and order this. Let's see if there's any issue.
Use this address.
You have to validate the zip code.
There was a problem with the items.
Sorry, Apple.
Can't be shipped. Oh [ __ ] it can't be shipped.
Uh um what do you want? Three months. You want three months free of Hold My Hand Who Wholesale?
>> Yeah, that's that's great.
>> Okay. Can I I have your phone number.
Um, I'm going to put you in a Well, is that an iPhone or is that a Android?
>> It's an Android.
>> Can you text us numbers with it?
>> Okay.
Hey, Chris, can we give this guy three months free of my hand? So, yeah, sorry.
Amazon just wasn't shipping to that area. you can, but this particular product wasn't being shipped to that area um for whatever reason. I just haven't um haven't done that. But um you're in a chat with Chris, however, the message has not delivered.
So, if he doesn't respond, I would text him there, but if that doesn't happen for you, please let me know. I'm worried about your phone number. Um >> Okay.
Uh, I'll I'm going to send send you my US number that I just recently recently acquired.
I'll put you in another chat with Chris.
Did you get my text message?
Yeah, >> you did. Okay. Let me know if that goes through. I'll also text Chris to see if it goes through. Um, but we'll go ahead and give you apply three months free to your account and um, see if we can make that work. But, um, I'm sorry about that, man. I thought we could ship it over there.
>> Never mind, Richard. That's great.
>> Perfect. Perfect. Um, well, um, I will talk to you guys later. Thanks so much for hanging out with me. And I think we have another speaker after this. So, if there's anything else that y'all need, um you guys can probably um probably talk to that individual as well if that ends up happening. So, guys, I'll be back tomorrow and um have an amazing rest of your night. This has been fun.
Bye-bye.
Oh my god, that was a long time to stand up. YouTube, thanks for watching.
Appreciate it. Marathon stream. Bye-bye.
Um anybody here who'd like to join Hold My Hand Who Wholesale? Yes, this is my only account. Um, you can join Hold My Hand Who Wholesale by clicking the link in my bio. Everybody who is showing me deals today, everybody who is having their deals sold to me, sold by me on the phone today, those were members of Hold My Hand Who Wholesale, the link for that is in my bio. If you'd like to book me personally for a 30 minute phone call, you can also do that via the link in my bio. Please do not respond to any DMs that you get as they are not me.
Anyways, I'll catch you guys in the next one. Link in bio for all of your ner your needs. Bye-bye.
Catch you later.
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