Jared's Epic First Deal: The Doozy of a Lifetime!
Yo, so we’re diving into the wild ride of Jared’s first real estate deal—yep, it was a doozy! He snagged a sweet $10K profit, but trust me, the journey was anything but smooth. From scary moments with the title company to negotiating utilities, we’re breaking it all down. You’ll get the scoop on how building solid relationships made a huge difference, especially when things got tricky. So, grab a snack, kick back, and let’s see how Jared turned chaos into cash!
$10K First Deal: Lessons They Don’t Teach You
Visit https://www.paynelessflipping.com to learn how to do real estate deals the payneless way!
Diving into the wild world of real estate deals, we got Jared, a total champ who just snagged his first deal, and boy, was it a rollercoaster! This convo is all about the nitty-gritty of that deal, the ups, the downs, and how he wrangled through it all without losing his mind. You’ll hear how Jared started off terrified to even show the property, but then learned that the hustle is real and money can be made without falling victim to scams. It’s like getting that first taste of freedom when you finally realize that the grind pays off. We chat about the importance of building solid relationships, especially with buyers and other wholesalers, ‘cause it’s all about that network, right? Strap in, ‘cause this journey is full of twists and turns, and you’ll wanna take notes!
Takeaways:
- Getting your first deal done is super intense but totally worth it, just dive in!
- Building solid relationships with buyers can make or break your real estate game, trust me!
- Even a simple deal can turn into a wild ride with lots of unexpected twists and turns.
- Communication is key between all parties; keeping everyone in the loop saves a ton of headaches!
- Don't underestimate the power of networking; connecting with others can lead to great opportunities.
- Expect the unexpected in real estate; every deal is a unique adventure waiting to unfold!
Companies mentioned in this episode:
Transcript
What is up?
Speaker A:Facebook Live.
Speaker A:If you saw that I was.
Speaker A:I don't know what was going on with my stream yard, but we are happy.
Speaker A:We got Jared, the freaking legend.
Speaker A:Morris.
Speaker A:What's up, Jared?
Speaker A:Good to see you, man.
Speaker B:What's going on?
Speaker B:Nathan?
Speaker B:Good to see you, bro.
Speaker A:I'm so happy for you guys.
Speaker A:If you're tuning in, what we're going to be diving in today is how Jared just got his first deal and we're not gonna.
Speaker A:We're not gonna church it up.
Speaker A:We're not.
Speaker A:Not gonna, you know, make it sound prettier than it is.
Speaker A:He got his first deal, but it was a doozy, was it not?
Speaker B:It was a doozy and a half, Nathan.
Speaker A:Yes.
Speaker A:Well, hey, dude, my first deal, like I was telling you earlier freaking night, it was crazy, bro.
Speaker A:I was like scared to show people the house.
Speaker A:I was do.
Speaker A:I was just doing everything wrong and.
Speaker A:And somehow we got it done.
Speaker A:But it taught me that this is real, that there's like, you can make money.
Speaker A:This isn't fake.
Speaker A:This isn't a scam.
Speaker A:And that's kind of.
Speaker A:Is it that.
Speaker A:That's what you were looking for too?
Speaker A:You just want to get the first one across the finish line, right?
Speaker B:Yeah, absolutely.
Speaker B:It was, you know, we.
Speaker B:I put a lot of work into it, so just wanted to check that off, proof of concept and have some more rolling in after that.
Speaker A:So let's break it down, man.
Speaker A:I think for everybody that's going to watch this, they're gonna.
Speaker A:They can learn from your experience.
Speaker A:This was your first one and we want to know how you got it done.
Speaker A:So real quick, before we dive into that deal, how much was.
Speaker A:Did you make on it?
Speaker B:10K on this one.
Speaker A:You know, that's a.
Speaker A:That's a lot.
Speaker A:That's a lot of money.
Speaker B:For some.
Speaker A:Some people that's a game changer.
Speaker A:But you're saying, hey, man, I just want.
Speaker B:Absolutely.
Speaker A:That's great.
Speaker A:That's great.
Speaker A:To make money.
Speaker A:But you.
Speaker A:I wanted that proof of concept, right?
Speaker B:For sure, for sure.
Speaker A:Let's talk about it, man.
Speaker A:How did it happen?
Speaker A:From the beginning, you.
Speaker A:You joined.
Speaker A:Yeah, Painless.
Speaker A:You know, you joined my.
Speaker A:My club and you know, you started learning, bro.
Speaker A:You dived in because you were asking me questions and I appreciate that.
Speaker A:Not a lot of people dive in and really take hold and learn, but let's start from there.
Speaker A:You started learning.
Speaker A:Tell me.
Speaker B:Yeah, absolutely.
Speaker B:So, like, one of the first things I started doing was a just like building out a strong buyers list and connecting with a lot of Buyers and then B was also just connecting and networking with other wholesalers.
Speaker B:So through your program, you connected me with one of the buyers that was in the buy box.
Speaker B:Criteria guy, super legit's been doing it 20 plus years nationwide.
Speaker B:And as opposed to kind of just like sending him a message, I connected with him on the phone and stayed in touch with him throughout the weeks, throughout the months, just to make sure I had that solid relationship with him.
Speaker B:So he ended up being the buyer on this deal.
Speaker A:Let me ask you a question.
Speaker B:Yeah.
Speaker A:Do you feel like if you just would have connected with him over a text, it would have, you would have had the same outcome with this deal?
Speaker B:No, definitely not.
Speaker B:I mean, I think I built a decent amount of rapport over the phone with him and just continuing to follow up and touch base and stay in touch.
Speaker B:So I was top of mind and you know, he'd be receptive to anything that I had for him.
Speaker A:Oh man.
Speaker A:And I just want everyone to know, like, I don't care if you got a million buyers on your buyers list or, or 10,000.
Speaker A:It's not so much about how many you have, it's about the relationships you have.
Speaker A:Because I'm sure we're going to get into kind of this deal being tricky and how the relationship you had with him kept it going, I'm assuming.
Speaker B:Yeah, for sure.
Speaker B:Absolutely.
Speaker A:Okay.
Speaker B:So.
Speaker A:Yeah.
Speaker A:So let's continue.
Speaker B:So you, you've.
Speaker A:You connected, you found the buyer, then developed a relationship.
Speaker A:What else happened?
Speaker B:Yep.
Speaker B:Yeah.
Speaker B:So I connected with the wholesaler that brought me this deal.
Speaker B:On a different deal prior, I had a different buyer go to look at this property that he under contract.
Speaker B:That one didn't out.
Speaker B:But he continued to send me deals and he sent me the deal that ended up closing and I thought this actually looks really good for what I know this buyer is looking for.
Speaker B:So I sent it over to him and he got back to me pretty instantly and was like, we like this.
Speaker B:I like it a lot.
Speaker B:I can move on it very quickly.
Speaker B:So this was on a Friday.
Speaker A:Were you still.
Speaker A:How did you feel when he responded?
Speaker B:So it's funny.
Speaker B:So it's funny.
Speaker B:So it's.
Speaker B:I sent it to him, it was on a Friday and that Friday I had a 60 minute massage.
Speaker B:So I was off my phone during those 60 minutes and of course during that he, I get a bunch of texts, look at my phone and he's like, I like this.
Speaker B:I want to move on it can submit EMD as long as I can go view it.
Speaker B:And that was the beginning of it.
Speaker B:So like I was, I was pretty excited about that.
Speaker B:That's when it kind of started to get tricky.
Speaker B:So when I connected back with the other wholesalers, hey, my buyer really likes it.
Speaker B:Just needs a 24 hour inspection to check it out and we pretty much be good to go.
Speaker B:Wow.
Speaker B:They were like, there's no.
Speaker B:Sorry, but there's like, there's no inspection period.
Speaker B:We can't allow for an inspection period.
Speaker B:They need to submit EMD without inspection.
Speaker A:This guy's a new.
Speaker A:So also, they're just in.
Speaker B:I'm gonna, I'm gonna try to keep this as simple as possible to walk you through it.
Speaker B:So then what happened was they were gonna be able to view the property and I convinced them to go view the property with their inspector.
Speaker B:So they were basically gonna walk in and expected at the same time.
Speaker B:But then the problem became that it was going to be a group showing.
Speaker B:There was going to be a bunch of people showing up and it was going to turn into a bidding work and my buyer wasn't about that.
Speaker A:So I was able around at the same time that you, your buyer wanted it.
Speaker A:Is that right?
Speaker B:Correct.
Speaker B:They were going to have a bunch of people show up at this property and basically take the highest bid.
Speaker B:So that wasn't going to work for my buyer.
Speaker B:I convinced the other wholesalers to allow my buyer to be the only one that shows up.
Speaker B:I told them, you know, I'm looking for a long term relationship.
Speaker B:We can do a lot of deals together, yada yada yada.
Speaker B:So they agreed and allowed my buyer to be the only one that went and walked the property.
Speaker B:My buyer showed up with his inspector.
Speaker B:They liked it.
Speaker B:He called me back, said, hey, it's going to take about 5k more than we were expecting or 10k more than we were expecting.
Speaker B:Can you take 5 off off the price?
Speaker B:So what I did, instead of just dropping 5 off mine, I went back to them, asked them if they could drop it as well.
Speaker B:Everyone agreed.
Speaker B:We agreed on price and that that looked good.
Speaker B:So that's, that's like first part.
Speaker B:Okay.
Speaker B:Then they needed to submit 5k EMD, which was no problem.
Speaker B:But where it got tricky was in the contract.
Speaker B:There was this line at the end of the contract that said Closing must occur 72 hours after vacancy.
Speaker B:So there was a tenant occupied and they were going to be there through the end of the following month.
Speaker B:Okay.
Speaker B:The problem was if my buyer submits 5k EMD and then for whatever reason, the tenant decides to move out tomorrow, now he needs to close in three days.
Speaker B:And that's not enough time to get funds for the deal.
Speaker B:Right, Right.
Speaker B:So went back and forth on trying to get that line out.
Speaker B:The agent that they were dealing with was non responsive.
Speaker B:They literally just.
Speaker A:On market.
Speaker B:It wasn't on market, but it was through an agent.
Speaker A:Okay, gotcha.
Speaker B:So they literally just like crossed it out with a red line.
Speaker B:It wasn't even signed.
Speaker B:And like that's not legit.
Speaker B:Right.
Speaker B:This is a contract.
Speaker B:Like it's not legitimate, but.
Speaker B:And they're demanding that the EMD is deposited by noon the next day.
Speaker B:And I was like, this isn't going to work.
Speaker B:So what I had them do is I had them put in the assignment contract.
Speaker B:If the agent and sellers don't sign on this updated agreement, my buyer's EMD is refundable.
Speaker B:Just to give my buyer a little peace of mind.
Speaker B:So they agreed.
Speaker B:EMD gets deposited.
Speaker B:We're good.
Speaker B:Now we're waiting for tenant to move out at the end of the month.
Speaker B:Okay.
Speaker B:He also put in the contract that he has 14 days to close after vacancy.
Speaker A:Okay.
Speaker B:Which is going to be huge as we get to the end of this.
Speaker B:So EMD is deposited, everything's good.
Speaker B:We're waiting for the tenant to move out and then close.
Speaker B:So.
Speaker B:And if you have any questions on this as I'm going through it or want to add anything, let me, let me know.
Speaker A:No, it's.
Speaker A:It just seems like there's a lot of moving pieces.
Speaker A:Right.
Speaker A:The tenant needs to move out the.
Speaker A:The EMD.
Speaker A:They don't.
Speaker A:Your suppliers, like.
Speaker A:I'm not losing 5k if they're.
Speaker A:If this doesn't go according to plan.
Speaker A:Right.
Speaker A:Is that kind of what's going on?
Speaker B:He didn't even say that.
Speaker B:But I just.
Speaker B:Because I want.
Speaker B:I'm looking for long term relationships.
Speaker B:I wanted to protect his end, so that's why I threw that in there.
Speaker B:Like if they don't sign, your EMB is refundable.
Speaker B:So now everything's good.
Speaker B:We're in the waiting period for the tenant to move out, which was going to be June 30th and then we have 14 days to close from then.
Speaker B:So tenant moves out on June 30, as expected.
Speaker A:Thank goodness.
Speaker B:Thank goodness.
Speaker B:I was a little concerned, but that was no issue.
Speaker B:Yeah, yeah.
Speaker B:So then the buyer goes to walk the property once the tenant is moved out and when they walked it the first time.
Speaker B:So this property is in St. Pete, Florida, has a pool.
Speaker B:Didn't need that much renovation when they went and viewed it.
Speaker B:Pool was blue, look good, no issues.
Speaker A:Okay.
Speaker B:Tenant moves out.
Speaker B:They go to walk the property, and the sellers turn the power off in the house.
Speaker B:Now this is in Tampa, Florida.
Speaker B:I don't know if you've seen the heat in the US right now, but it's like 100 plus degrees.
Speaker B:The buyer goes, powers off.
Speaker B:So now his main concern is the pool is not going to be service.
Speaker B:It's not maintained.
Speaker B:The amount of damage that can occur between tenant moved out and when we close could be thousands of dollars.
Speaker B:Mold in the house, whatever.
Speaker B:And in the contract, it says that sellers will maintain property through closing, including pool.
Speaker B:So he's like, sellers.
Speaker B:Sellers need to turn the utilities back on.
Speaker B:This is what it says in the contract.
Speaker B:And I'm just like this middleman between my buyer, the other wholesalers, the agent and the sellers.
Speaker B:So I'm basically like brokering this whole deal the whole time.
Speaker B:My buyer saying utilities need to get turned on.
Speaker B:Pool is going to go to crap.
Speaker B:House is going to get moldy.
Speaker B:The sellers are like, no, like, we're not doing it.
Speaker B:We're not turning it back on.
Speaker B:House is being sold as is conditioned.
Speaker B:So we're going back and forth on this for a few days.
Speaker B:Buyer's not happy about it.
Speaker B:Long story short, I get my buyer to put the utilities in his name early and turn the utilities on so that the pool can be maintained and the house is good.
Speaker A:Okay.
Speaker B:So got through that.
Speaker B:I have all these notes of like, everything that that happened.
Speaker A:So you were crushing it, got through.
Speaker B:That, set the utilities up.
Speaker B:And that was on, like, Wednesday, Thursday, and we were set to close on the following Monday.
Speaker B:We're supposed to close on July 10th.
Speaker A:Okay.
Speaker B:Title Agent that we're dealing with has a serious family emergency over the weekend.
Speaker B:Death in the family.
Speaker B:She's working the file this whole time.
Speaker B:Come Monday, she's not in the office.
Speaker B:Passed to her colleagues.
Speaker B:They're not in the loop on what's going on with the file.
Speaker B:Then my buyer is bringing funding to the deal, which shouldn't be an issue, but title's making it seem like it's an issue.
Speaker B:So there's all these other issues.
Speaker B:Now the lender is saying to Title that the name on the deed and the title don't match, and they won't find the until it matches.
Speaker B:And title is saying that we can provide you an affidavit will guarantee 100%.
Speaker B:And the lender's like, no, that's not going to work.
Speaker B:We need a hard copy of an updated deed.
Speaker A:And the lender is the hard money lender, correct?
Speaker B:Yeah.
Speaker B:Okay, so lender's like, no, that's not going to work.
Speaker B:We need a hard copy of, of the updated deed with everything matching.
Speaker B:So title company doesn't know what's going on.
Speaker B:The person who was past you didn't even know we were supposed to close on Monday.
Speaker B:Now the lender is demanding a hard copy.
Speaker B:And this is why I'm saying the 14 days that to close after vacancy is coming into play here because vacated on June 30 was supposed to close on July 10 and now July 10 was on a Monday.
Speaker B:Now this whole week is going by a back and forth between lender, buyer, title, deed, all title company doesn't know what's going on.
Speaker B:So now we're, now we're on Thursday.
Speaker B:14 days is Friday.
Speaker B:Yeah, I know.
Speaker B:This is all over the place.
Speaker B:I hope, I hope you're following.
Speaker A:Well, I'm following you.
Speaker B:Yeah, yeah, yeah.
Speaker A:This, you know you got a lot of people to go through just to communicate, right.
Speaker A:There's a lot of moving pieces.
Speaker A:The agents involved, the sellers, you got the wholesalers.
Speaker A:And then you're brokering with the buyer.
Speaker B:Right?
Speaker B:So seller signed on their end.
Speaker B:My buyer signs on Thursday, everything is signed, which is good.
Speaker B:But now we're waiting for the funding to be deposited.
Speaker B:So that was on Thursday that everything is signed.
Speaker B:Once it's signed, it should be a few hours after title and lending gets approved.
Speaker B:But the title company was such a mess that the title agent that was working the file didn't send what she needed to send to the lender until Friday at 3:00 clock Eastern.
Speaker A:So wait all weekend, huh?
Speaker B:Well, Friday is 14 days.
Speaker B:Right.
Speaker B:So if funding doesn't get deposited in 14 days, the contract to cancel.
Speaker B:So title really screwed up.
Speaker B:They didn't send what they needed to do until Friday at 3 Eastern.
Speaker B:So now it's the weekend and I'm not really sure what's going on.
Speaker B:I called title on Monday morning.
Speaker B:They tell me that.
Speaker B:Oh, I'm sorry, let me, let me backtrack real quick.
Speaker B:So the lender didn't want to approve the affidavit.
Speaker B:Right.
Speaker B:They wanted the hard copy.
Speaker B:My buyer has a really, really strong relationship with the lent this lending company.
Speaker B:Of course he got on them and pushed it through.
Speaker B:So he made them push it through.
Speaker B:They deposited their funds.
Speaker B:I get a call on Monday morning saying I got the lender's funds but I don't have the buyer's funds for the down payment.
Speaker B:Meanwhile, my buyer has receipts of Depositing his funds on Friday.
Speaker B:They were just such a mess at the title company.
Speaker B:They didn't even see it.
Speaker B:Even though it was deposit the whole time.
Speaker B:They find the buyer's funds, they got the lenders, fines, it closes out and the deal is finally done.
Speaker B:But it was like, I.
Speaker B:Like you said, it was a doozy.
Speaker A:It sounds like the biggest issue and the biggest struggles we had in this deal was.
Speaker A:Well, there was a lot.
Speaker A:Right.
Speaker A:But the title company kind of screwed it up.
Speaker A:Right.
Speaker B:The title company was a little messy on this one.
Speaker B:Yeah.
Speaker A:So who chose the title company?
Speaker A:Was it your buyer or was it the seller and the agent that were.
Speaker B:Like, we want so?
Speaker B:No, it was.
Speaker B:It was the seller and the agent that chose the title company.
Speaker B:If it was up to my buyer, they use one title company for every other deal.
Speaker A:So.
Speaker B:So yeah, the.
Speaker B:The other wholesalers and the agent chose the title company.
Speaker A:So why did you use that title?
Speaker A:Like, I know they chose it, but did you suggest using another one?
Speaker A:And they were like, now we'll only go with this one.
Speaker A:Or how did that did that conversation?
Speaker A:You ever have that conversation?
Speaker B:I didn't on this one.
Speaker B:But after this close.
Speaker B:Cause like, I want to do more business with like these guys, these other wholesalers.
Speaker B:They're doing a lot of deals.
Speaker B:My buyer's doing a lot of deals.
Speaker B:There's.
Speaker B:I'm fine.
Speaker B:My relationship is fine with my buyers and these other wholesalers, I want to do more deals with them.
Speaker B:So I reached out to them, was like, hey, like, after this mix up, buyer is not going to want to use this title company again.
Speaker B:Are you guys open to using their title company?
Speaker B:So.
Speaker A:And they were like, yeah, Heck yeah.
Speaker A:So that just kind of giving you a suggestion on the way this moves.
Speaker A:The smoothest is the buyer is able to choose the title company so they can have direct communication.
Speaker A:They trust whoever is there.
Speaker A:That would solve a lot of these issues.
Speaker A:And then, you know, it is.
Speaker A:It always gets a little tricky when there's an agent involved with the seller.
Speaker A:Right.
Speaker A:And then yet they communicate with you.
Speaker B:It was like seller, agent who was not a responsive agent.
Speaker B:So it's seller, sellers, agents, other wholesalers, myself, buyer.
Speaker B:So like, myself and the other wholesalers are basically brokering this whole deal.
Speaker B:Like the, the agent did nothing.
Speaker B:I said to the other wholesalers, we.
Speaker B:We deserve this guy's commission.
Speaker B:We worked this deal for two months.
Speaker A:Wow.
Speaker A:And the thing is, like, look how many people got paid on this, right?
Speaker A:Like you, you the wholesaler and the agent.
Speaker A:But the agent, you're Right.
Speaker A:Like, didn't do much.
Speaker B:Right.
Speaker A:Dang, that's wild.
Speaker A:So very good lessons learned on this one.
Speaker B:Oh, for sure.
Speaker B:Many.
Speaker B:Yeah.
Speaker A:Let me ask you a question on the buyer, on the wholesalers that had the deal.
Speaker A:Why do you think they went with you?
Speaker A:I know you said you convinced them, but you said the hair is.
Speaker A:Yeah, yeah, they're doing deals.
Speaker A:Why do you think they went with you versus, you know, do just showing it to everybody and doing that route.
Speaker B:Yeah, I mean, I basically, I connected with them and was like, look, like I'm looking for a long term relationship here.
Speaker B:I'm looking to do a lot of deals together.
Speaker B:My buyer, he's legit.
Speaker B:He's been doing this for a very long time.
Speaker B:He's nationwide wide.
Speaker B:And like, if we can, if we can have this work out, like, I think we can do a lot more deals together.
Speaker B:So that was basically the value that I was bringing.
Speaker B:And yeah, that's how I was able to kind of set that up.
Speaker A:And they probably like the fact that he, you know, you could just send them through.
Speaker A:He was going to bring a specter at the same time and give you.
Speaker A:He'd give you a solid answer, right?
Speaker B:Yeah, yeah, yeah.
Speaker A:So let me ask you this.
Speaker A:So did you have to make an offer to this wholesaler on his deal or do you just say, hey, dude, I let me ask my buyer.
Speaker A:And then you got back to me like, dude, my guy wants this.
Speaker A:How.
Speaker A:How did that.
Speaker B:All I.
Speaker B:So on this one, all I did was.
Speaker B:All I did was mark up their price.
Speaker B:So they assigned the contract to me, I assigned it to my buyer.
Speaker B:So there was two assignment contracts in it.
Speaker B:And then at closing, I got wired my assignment, they got wired their assignment, and that was it.
Speaker B:So.
Speaker A:So this technically wasn't even a jv, because a JV is like when you agreement and you split it or you figure out this was correct, they assigned you their contract, and then you assign one to your buyer.
Speaker A:Solid.
Speaker B:Yeah, solid.
Speaker B:Yeah.
Speaker A:And did this cost you any money in marketing to get this deal?
Speaker A:Did you have to spend any money?
Speaker B:No, not a dollar.
Speaker A:So let me tell you something.
Speaker A:I know that this was a doozy, but how much worse would this have been if you spent five to $6,000 in mailers, ads or whatever, and then after spending $6,000, you went through all this, made 10, and you only got to keep 4?
Speaker A:4.
Speaker A:That's.
Speaker B:Yeah, for sure.
Speaker B:I mean, like, obviously the net is a lot less, but, like, for the amount of time and work I put into this, if I had to spend money, too.
Speaker B:I mean, time is money.
Speaker B:So the money on this one was my time on this one for sure.
Speaker A:Just know from all the experiences I had, I've had on doing deals like this, even if you spend money to get deals, you.
Speaker A:There's still tons of issues.
Speaker A:I've been working on a deal in Del Rio, Texas, for two years.
Speaker A:For two years, and it still hasn't closed yet.
Speaker A:It's a title.
Speaker A:So imagine that.
Speaker A:It's like, bro, like, I just spent.
Speaker A:I spent all this money, and I still.
Speaker A:Now it'll probably be a $30,000 deal.
Speaker A:This could have been a 30.
Speaker A:I mean, who.
Speaker A:Who knows?
Speaker A:But I'm just saying, like, issues arise, and if it's not from, like, trying to negotiate with everyone or figure out what's going on with everyone, it's, you know, other things, like title, death, probate.
Speaker A:There's some of them go super smooth, some of them doozies.
Speaker B:Yeah.
Speaker A:But congrats, man.
Speaker A:Thanks for telling us all that.
Speaker A:Anybody that's watching this can definitely be like, okay, I'm gonna hit up Jared if I have any problems.
Speaker A:And Jared, let me tell you, like, you can help people, and you can be like, yo, I'll help you take this to the finish line, but let's let me get involved.
Speaker A:Let me make some money.
Speaker A:So, yeah, you can definitely work with people.
Speaker B:Yeah, absolutely.
Speaker B:Learned.
Speaker B:Learned a lot through this, like, dealing with title.
Speaker B:Just the contracts, the paperwork.
Speaker B:Like, so.
Speaker B:Learned a lot.
Speaker B:Absolutely.
Speaker B:And happy to help anyone else.
Speaker A:Well, the power of having a good buyer is.
Speaker A:Is so important because imagine if you didn't have that relationship where you could just be like, hey, dude, pay for the utilities, you know, a hundred percent.
Speaker B:And like, that.
Speaker B:You know, that.
Speaker B:That was no easy ask either, but I'm glad that he was able to set it up and do it.
Speaker B:But on top of which, like, as I mentioned, and I know.
Speaker B:I know we're at time, but I'll go a few minutes over.
Speaker B:It's all about the relationship building, right?
Speaker B:And this guy's been doing this for a long time.
Speaker B:He's doing a lot of deals.
Speaker B:He's making a lot of money in real estate and from this deal and just being ethical and a good commun with him, I'm looking to now partner with him on future deals and invest myself.
Speaker B:So it's a win, win, win, dude.
Speaker A:You find a property that meets this criteria next time.
Speaker A:This is what I do a lot with my buyers now, is I say, dude, pay me a little bit less on the wholesale fee, but cut me back on the flip, keep me in on the deal, let me own a percentage, so then you can start owning real estate without even having to worry about managing it.
Speaker A:Maybe that's something he might be willing to do because he likes you, Right?
Speaker A:So that's what I do for the Airbnb I have.
Speaker A:It's like, hey, I want to start owning more real estate.
Speaker A:Instead of taking 10 or 15, just give me five and give me ownership.
Speaker A:And then that way I can make, you know, money without having to worry.
Speaker A:But anyway, congrats, bro.
Speaker A:I know we're over time.
Speaker B:Appreciate it.
Speaker A:Yeah, no, I appreciate you, man.
Speaker A:Thanks for helping us out in our community, and you're definitely an inspiration for those that are trying to get there.
Speaker A:So thanks for.
Speaker A:Thanks for sharing your experience.
Speaker B:Yeah, absolutely.
Speaker B:Thank you, Nathan.
Speaker A:And by the way, you have a job, bro, like a lot of people.
Speaker B:I do.
Speaker B:I got a full time job, baby.
Speaker A:Yeah, you got to get going one to your full time job.
Speaker A:But everybody listen, whether you're full time or not, this is something you can do.
Speaker A:So Jared can do it.
Speaker A:I can do it.
Speaker A:You can do it.
Speaker A:Peace out, everybody.
Speaker B:All right, see you guys.
