March 29, 2024 • 44 mins
Jamie and Terrence go down the rabbit hole telling their own crazy stories starting with a game of 2 truths and a lie.
Have a wild, crazy, or interesting story of your own? SUBMIT YOUR ANONYMOUS STORIES HERE!
Jamie's 2 truths and a lie: I've walked in on a live stream of the building's lobby in someone's unit. I've taken a potential client to their dentist appointment. Or, I've had to break into a listing through an open window.
Terrence's 2 truths and a lie: I have had someone show up to a closing with cash.
I have had someone want to bring me jewelry, antiques, and gold and silver to show me that they had sufficient funds to close. And I had someone put on their application that their down payment was coming from the Lord.
Other Topics Discussed/Questions Answered:
What would Terrence do with a million dollars?
*** If anyone knows Photoshop, please send us a photo of Terrence riding a llama! realteachicago@gmail.com***
Terrence discusses a buyer who changed jobs 2 weeks before closing on their home
Jamie talks about a condo she is flipping in Rogers Park that she bought at auction
How do you get an offer accepted in a multiple-offer situation?
Why is Earnest money important?
Thank you so much for listening! Please don't forget to like, subscribe, and share this episode with anyone you know that will enjoy it.
Music by @Desert_Disco_Music
Art by Chelsea Leasure
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@JustBookJamie
@TheTitaniumLender
Email us with questions, requests, or stories - realteachicago@gmail.com
Want to stay anonymous? Submit your interesting real estate stories anonymously here.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
MIC2 (00:00):
How you doin
MIC1 (00:01):
Oh, it's a good day.
MIC2 (00:01):
Are you a Friends fan?
MIC1 (00:03):
A what?
MIC2 (00:03):
Friends.
MIC1 (00:04):
Like the show?
Yes.
Oh.
MIC2 (00:06):
Um, that's why you didn't get that.
How you doin Is
MIC1 (00:09):
Is that a friends thing?
MIC2 (00:10):
Yeah.
Joey Tribbiani.
Come on.
MIC1 (00:12):
I watched a couple episodes, stopped forever.
MIC2 (00:14):
forever.
No,
MIC1 (00:16):
No, but I've always wanted to start it.
MIC2 (00:18):
start it.
Is
MIC1 (00:21):
is it?
That's how it is for a lot ofshows.
MIC2 (00:34):
Welcome to another episode of the Realty Chicago podcast
I'm, jamie, and we are here toshare with you the most
interesting stories we can findin Chicago real estate.
And if you like what you hear,please don't forget to like, and
subscribe, tell all your friendsand family and even submit a
question.
A story, if you want, even.
(00:55):
Yes,
MIC1 (00:55):
please.
We
MIC2 (00:56):
can do it.
MIC1 (00:56):
all of the things.
You can do it anonymously.
Yep.
Meaning we won't tell who youare.
MIC2 (01:01):
have a google form that they can fill out and just stay
anonymous.
We don't even have to know whothey are.
Nice.
Yeah.
MIC1 (01:06):
So we really will be anonymous.
Yep.
That'll be exciting.
MIC2 (01:09):
I'm
MIC1 (01:09):
I'm very excited about this.
MIC2 (01:11):
I know.
Please fill out some stories,like we gotta find.
All right, so I thought today wecould talk about the fact that
Chicago has the world's onlybackwards flowing river.
MIC1 (01:25):
When you say backwards, like against gravity?
MIC2 (01:28):
Wait, you really didn't know this?
I thought this was commonknowledge in Chicago.
MIC1 (01:32):
No, I didn't know
MIC2 (01:33):
They reversed the flow of the river.
No, reverse it.
No, they did.
In 1900.
MIC1 (01:39):
Oh.
And then they never turned itback?
No.
MIC2 (01:41):
No,
MIC1 (01:42):
no, I just thought that there was a thing they can do I
could Flip it when they need thegreen dye to go one way and then
turn it back the other way whenit's Not st.
Patrick's day.
MIC2 (01:49):
the river was so polluted from waste and Nasty things then
it was flowing directly intoLake Michigan, which was
obviously polluting our drinkingwater so they spent eight years
on January 1st they reversed theflow of the river so that all
(02:09):
the polluted water wouldactually flow to the
Mississippi.
MIC1 (02:13):
Nice.
I had no idea.
I did.
I didn't know this was a fact.
Yes.
MIC2 (02:17):
Yes.
MIC1 (02:17):
So, note to self, do not go swimming in the Mississippi.
It is full
MIC2 (02:21):
Don't go swimming in the Chicago River.
I
MIC1 (02:24):
do that either.
I don't know.
MIC2 (02:25):
No, no, no, no, no.
I
MIC1 (02:26):
even touch that water.
MIC2 (02:28):
No, you shouldn't.
Anyone who's kayaking in theriver, like, you're fucking
MIC1 (02:32):
Yeah, it's gross.
I've never been on the ChicagoRiver and I never will.
MIC2 (02:34):
No.
MIC1 (02:35):
No.
MIC2 (02:35):
Absolutely not.
If you get, I think it's, if youare submerged more than half of
your body in the river, you aresupposed to go to the hospital
to be checked for waterborneillnesses.
MIC1 (02:47):
That's
MIC2 (02:47):
Like, Don't fuck around in the river.
That's nasty.
The lake's one thing.
The lake is much much
MIC1 (02:51):
cleaner.
Well yeah, the lake's fine, butthe river, that's
MIC2 (02:54):
the river.
That's nasty.
Nasty.
MIC1 (02:55):
I just never wanted to go in it because I just figured it
was full of poop and probablydead bodies and it's gross Do we
know how deep the chicago riveris
MIC2 (03:02):
I have no idea.
MIC1 (03:03):
All right.
Well,
MIC2 (03:04):
Well, the project was named one of the seven wonders
of engineering by the Americansociety of civil engineers in
1995.
MIC1 (03:13):
Depth of Chicago river at its deepest point.
The Chicago river is 21 feetdeep.
MIC2 (03:18):
Oh, that's not that deep.
I mean, I think it's deep for ariver.
MIC1 (03:23):
No, that is shallow
MIC2 (03:24):
for
MIC1 (03:25):
Um, the Mississippi river averages 30 feet.
Below Cairo, where the OhioRiver joins, the depth averages
50 to 100 feet deep.
The deepest part of the river isin New Orleans, where it reaches
200 feet deep.
So, I think 21 feet's a littleshallow.
MIC2 (03:43):
okay.
Yeah, you're right.
I was going to basing myknowledge off of the Rio Grande
in New Mexico, which is.
Extremely shallow.
Anyways.
day.
Yeah.
All right, do you have your twotruths and a lie ready for us?
MIC1 (03:57):
Hmm?
Well then.
MIC2 (04:05):
I have mine.
MIC1 (04:06):
Okay, well, we're going to let you go first.
And I will come up with mine aswe go.
MIC2 (04:13):
Okay.
MIC1 (04:13):
we can, I can.
We can do it.
We can just riff.
MIC2 (04:16):
It's fine.
You don't need to do a whole.
MIC1 (04:18):
we can do it later and I'll, you know, I'll think about
it as we go along.
MIC2 (04:21):
Okay, great.
So, mine are, I've walked in ona live stream of the building's
lobby in someone's unit.
I've taken a potential client totheir dentist appointment.
Or, I've had to break into alisting through an open window.
MIC1 (04:42):
I am going to say that that one is true.
The window I can see youshimmying through a window.
and I kind of just want thefirst one to be true because I
want to hear all about how thepolice came in and apprehended
this man afterwards or woman.
So I'm going to go ahead and saythe lie is the dentist.
MIC2 (05:02):
Okay.
MIC1 (05:03):
Are you going to tell?
I mean,
MIC2 (05:05):
I mean, of course I'm going to tell.
MIC1 (05:08):
Well, I didn't know if you were going to wait and tell us
on the next episode or tell ustoday.
Oh, no.
MIC2 (05:13):
It must have been too long ago that we recorded our last
episode because I revealed thesein the last episode.
MIC1 (05:19):
geez.
Did you?
MIC2 (05:20):
And you had the same guesses, I'm
MIC1 (05:23):
know what?
I'm nothing but consistent.
MIC2 (05:25):
Okay.
So story number one, um, I did alisting presentation with a
previous teammate, which meanswe go and we present ourselves
and our marketing, et cetera, etcetera.
And with that comes a tour oftheir unit.
So this woman, had been there.
I think she was an originalowner of this 1970s building.
(05:48):
She had been the board presidentfor like 20 years.
She no longer was and she wasmoving because she was elderly
and just It was her time to gofind, you know, different care.
So, we go through the wholeprocess, and then she takes us
to her unit, and we look around,and it's a unit of someone who
has lived there for almost 50years.
(06:10):
Like, packed full in a hoardertype of sense.
Which I guess is not uncommon.
and we're going through eachroom and there's stuff
everywhere and blah, blah, blah.
We get to our office and there'sa desk, there's notepads all
over the desk and a TV.
(06:30):
Like a old school TV so hugelike a box frame.
It's got the big butt in theback.
That's sticking out It's liketaped together.
I can tell this thing's reallyold.
MIC1 (06:41):
it have rabbit ears too?
MIC2 (06:42):
don't remember.
But on the TV is a live streamof the building's lobby.
MIC1 (06:49):
Um, why?
MIC2 (06:50):
was
MIC1 (06:53):
Did you ask?
MIC2 (06:54):
No, it was a very uncomfortable situation.
MIC1 (06:59):
Let me ask this question.
How many units were in thebuilding?
MIC2 (07:01):
Um, a lot.
Like it was a, it's not a highrise, it was a mid rise, maybe
15 to 20 stories?
Maybe not that many.
MIC1 (07:11):
So I mean, my brain is just
MIC2 (07:13):
Yeah.
MIC1 (07:14):
of things right now.
So does she have her own hiddencamera or is this like she
tapped into the buildingsecurity feed?
MIC2 (07:21):
My assumption is because she was the building president
at some point, the associationpresident, she had tapped into
the feed that was the securitycameras of the lobby, which I
also forgot to mention when wearrived and the front door man
called up, we overheard himbeing like.
Yeah, it's two women.
(07:42):
They're here sitting down in thelobby, which makes me think she
was like, Oh, is it two ladies?
Like she's sitting there watch.
She sat there and watched uswalk in.
MIC1 (07:50):
Hmm.
MIC2 (07:51):
And we left and we were just like, What the fuck?
And That's, that's
MIC1 (07:58):
I wonder, I'm thinking of a perfectly good explanation
here.
MIC2 (08:03):
Trying to give her the benefit of the
MIC1 (08:04):
giving her the benefit of the doubt.
I wonder if every unit has theability to see that camera.
MIC2 (08:09):
Lord, let's hope so.
Like,
MIC1 (08:11):
I don't know, I'm
MIC2 (08:12):
like It's like cable TV and you
MIC1 (08:14):
every unit you
MIC2 (08:14):
go to like
MIC1 (08:15):
channel zero and it's that one camera.
That's my thought and also myhope.
MIC2 (08:21):
Same.
MIC1 (08:22):
also I kind of hope it's not just to make it even more
fun.
MIC2 (08:28):
happened.
Nothing happened.
That was it.
We were just, like, shocked.
We didn't really know what todo.
I didn't know what to do.
The other person didn't knowwhat to do.
We were like, do we sayanything?
Do we do anything?
And then That was it.
MIC1 (08:46):
Did you sell the unit?
I ended
MIC2 (08:50):
going with a different agent, I'm assuming.
MIC1 (08:54):
So it did sell?
MIC2 (08:55):
I actually don't know.
I never went back and checked.
That's one where you're justlike, maybe I don't want my
hands in this one.
of curiosity, is it ethical?
for you to look up the listing,see who sold it and give them a
call and just say, Hey, I have aquestion.
Oh! Like, I mean, I know you can
MIC1 (09:12):
that, But I would just be
MIC2 (09:14):
curious.
Yeah.
I have no idea.
I mean, yeah, I guess I wouldhave to go back and even look
what building it was.
MIC1 (09:21):
Kind of like, you know how on one of our previous episodes
I gave, I used you somehomework.
MIC2 (09:25):
Oh yeah.
MIC1 (09:26):
To check on the guy whose unit she cleaned.
MIC2 (09:29):
Gotta call her.
Yeah.
MIC1 (09:32):
Hey, remember me?
I cleaned your unit.
you need to sell?
MIC2 (09:35):
need any
MIC1 (09:36):
unit?
Exactly.
Okay, so that was one of the
MIC2 (09:39):
The other one is, got a lead from an online source and
went to meet her and from thejump, it was bizarre.
she was coming from the suburbs,her, brother or one of her
family members was living in theunit with her furniture she's,
(10:06):
I'm in the lobby.
I'm like, Hey, I'm here.
Let me know when you arrive.
And she's like, Oh, I'm justgoing to be like 10 to 15
minutes late.
I had an emergency with my dog.
And I'm like, Oh no, I hope yourdog's okay.
And Turns out her dog, like, wasoutside and she couldn't find
it.
Anyways, that was bizarre.
(10:26):
Then she shows up, we go to theunit.
She's She was an over sharer, toput it nicely.
Um, I learned so much about thiswoman.
MIC1 (10:37):
Did
MIC2 (10:37):
you know?
I learned so much about thiswoman in like 45 minutes.
I think I barely even talkedabout real estate.
As I learned about herboyfriend.
How I think they recently brokeup.
Her brother who was living inthe unit.
I mean, the list goes on and on.
She was looking, she was tryingto find a new job.
(10:59):
And then in the midst of all ofthis, she was like, the reason I
wanted to do this appointmenttoday was because I have a
dentist appointment after thisin the loop.
And I'm like, oh, okay.
And she's like, I don't rememberwhat time it was or I don't
remember exactly the location.
Do you mind if I just look itup?
And I'm like, no, I don't mind.
(11:19):
Do what you gotta do.
So she's on her phone.
She's checking her email.
She's like, I can't find it.
I know I got a confirmation.
I can't find it anywhere.
And she's like, I don't rememberthe name of my dentist.
And I'm like, okay.
She's like, I know exactly whatbuilding it was in.
I know the address, but I don'tremember the name.
(11:40):
So I pull out my phone and Istart googling and I google the
address.
There's like 10 dentist officesin this one building in the
loop.
I'm like, does this sound right?
Does this sound right?
And then she's calling eachindividual dentist.
here Yes.
MIC1 (11:57):
Oh,
MIC2 (11:58):
And the poor thing She's calling.
After a few, she just startsbawling.
She's like, I don't know who itis.
I can't find the information andI'm like, don't worry.
We're gonna figure this out AndI don't think we figured it out,
but for some reason she wastalking about how she got a
great parking space.
Oh, she was gonna walk.
(12:19):
She was just gonna walk to thedentist because it was close
enough, but it was like aterrible day outside.
It was windy and cold and I'mpretty sure I offered the ride.
I don't think she asked becauseI wanted the listing.
It's like, how would I give youa ride?
So I gave her a ride to thedentist.
MIC1 (12:36):
but goes above and beyond for her clients.
I
MIC2 (12:38):
do.
MIC1 (12:39):
Did she become a client?
MIC2 (12:41):
She did not.
We're still in touch.
Um, but she sell?
Yeah, she didn't sell.
She ended up moving back intothe unit herself.
And the best part was, I don'tknow if it's the best part or
the saddest part.
She texted me later.
And she was like, So it turnsout my dentist appointment was
not today.
It's some other day.
(13:01):
Wow.
You
MIC1 (13:04):
Well, You know, You gained a client for life.
MIC2 (13:08):
I think I did.
I think when she's ready, shewill call me.
MIC1 (13:13):
Absolutely for a ride to the
MIC2 (13:15):
to the dentist.
Yeah, you know what?
Listen, people Sometimes peoplejust need someone to be there
and be empathetic, and I am veryOh
MIC1 (13:25):
it's one of my weaknesses.
MIC2 (13:26):
it's a
MIC1 (13:27):
I don't actually think it's a weakness, but I, I lack
Oh
MIC2 (13:32):
Empathy In
MIC1 (13:34):
many situations.
MIC2 (13:36):
Do you have an example?
MIC1 (13:38):
Not one, that Doesn't make me look like a complete asshole?
MIC2 (13:43):
Well, that's kind of what I was hoping for.
I was hoping to just call youout.
MIC1 (13:49):
because I mean, in that situation, I would just, I would
offer to take her, but Iwouldn't move until she found
the confirmation.
Like, sorry.
No.
MIC2 (14:01):
See, so if she was like, I'm just gonna walk, I'm just
gonna go and find
MIC1 (14:06):
Have a nice day.
Call me later.
MIC2 (14:07):
Even though you don't have to wait for her, like she's
going anyway, it's on your way
MIC1 (14:12):
no, I mean, if she wanted a ride to that building, I would
offer a ride to the
MIC2 (14:16):
That's exactly what I did.
That's fine.
And I gave her a ride to thebuilding.
MIC1 (14:19):
Okay.
MIC2 (14:20):
Yeah, I didn't stay there or walk her up or like try and
help her find the dentist.
MIC1 (14:26):
You kind of helped her try to find the dentist.
I
MIC2 (14:27):
did, I made calls for her on her behalf.
MIC1 (14:30):
You're an adult.
MIC2 (14:32):
Yeah.
Also, she's crying and needinghelp.
I just wanted to help.
MIC1 (14:38):
Tears don't do it for me.
MIC2 (14:40):
Yeah, you're a cold hearted bitch.
MIC1 (14:46):
Well, like we're, we're, we're grownups here.
Let's let's not cry.
Let's figure out a solution.
Let's let's work.
Let's work
MIC2 (14:53):
I tried to find the solution.
And she cried.
And she cried.
Poor thing.
Poor
MIC1 (14:57):
Poor thing.
That's okay.
Again, client for life.
You go above and beyond.
hmm.
I am.
I think I'm ready.
MIC2 (15:06):
Oh, hell yeah.
MIC1 (15:08):
my two truths and a lie.
MIC2 (15:11):
Let's hear them.
MIC1 (15:12):
In no particular order.
MIC2 (15:14):
Okay.
MIC1 (15:15):
Um, these are all potential actual people.
Well, I just wanted to throwthat out
MIC2 (15:21):
there.
MIC1 (15:22):
have had someone show up to a closing with cash.
I have had someone want to bringme jewelry and antiques and gold
and silver to show me that theyhad sufficient funds?
to close.
Yes.
And I had one woman that put onher application that her down
(15:49):
payment was coming from theLord.
MIC2 (15:51):
Oh my god.
Okay, this is a difficult one.
Her down payment's coming fromthe Lord.
That's like a little DeLulu.
These are all DeLulu people.
I kind of believe that someonetried to Okay, hold on.
What was the second one again?
MIC1 (16:03):
The second one was someone tried to bring me gold, silver,
and antiques.
To show that they had funds.
MIC2 (16:11):
as a down payment.
MIC1 (16:13):
Correct.
MIC2 (16:13):
I cannot believe that's true.
Fucking wild.
And then the first one again,
MIC1 (16:17):
That I had someone show up to a closing.
MIC2 (16:19):
With cash.
I don't believe that one,because you're too good of a
lender to let someone do that.
MIC1 (16:25):
First of all, thank you.
Um, But as we have heard, I dotell people what to do and what
not to do, and sometimes theystill do it.
But in this situation, you arecorrect.
I, thankfully, knock on wood, Ihave yet to have someone try to
show up to a closing with cash.
(16:45):
I've had many people ask,especially if the cash to close
isn't being paid.
You know five plus figures
MIC2 (16:53):
Yeah.
MIC1 (16:53):
but no one's done it thankfully but So when I first
started there was a woman thatWanted to bring me gold silver
antiques because on herapplication I She stated, you
know, X number of thousands ofdollars, but didn't input where
(17:17):
they're coming from.
Didn't say checking, savings,retirement.
Was she
MIC2 (17:22):
planning on selling them?
MIC1 (17:24):
No.
MIC2 (17:24):
So she wanted to give these to the seller?
MIC1 (17:27):
Awww.
Like this, this was her downpayment.
She didn't know who she wasgoing to give it to, but she,
here's my down payment.
And it should be worth X numberof dollars and I had to,
MIC2 (17:36):
break her heart.
MIC1 (17:38):
I did.
Um, I tried to use empathy.
MIC2 (17:43):
I
MIC1 (17:45):
I I was very nice.
I wasn't mean.
But I said, well, you're goingto have to liquidate these.
MIC2 (17:51):
Yes.
That's a fair response.
MIC1 (17:53):
See?
And she said, why?
Yep.
And I said, well, because all ofyour money has to be in liquid
money to be able to use it foryour purchase.
MIC2 (18:04):
Did she ask how to make money liquid because it's solid?
MIC1 (18:09):
she did not.
MIC2 (18:10):
Darn.
MIC1 (18:12):
So I told her, you know, once you've sold everything and
have, Proof that you've sold it.
Show me where the money camefrom.
Don't just show up with 50, 000in cash.
Cause, I mean, I don't knowwhere the gold and silver and
antiques came from.
They, you know.
(18:33):
So, I'm like, I just need toshow where they came from.
And we can use the funds.
Nothing ever came of that.
MIC2 (18:38):
Um, yeah.
MIC1 (18:40):
I'm sure she held on to her.
Paraphernalia
MIC2 (18:43):
Well, I guess it's maybe one thing in her mind to like
trade it for a house and anotherthing to actually like put it
online and sell it.
You know, like that's a verydifferent interaction.
MIC1 (18:55):
You don't necessarily have to take that stuff, you know to
sell it online I get it somepeople can't She was older So I
get it.
Some people aren't very computersavvy and want to do it online
Take to a pawn shop.
You
MIC2 (19:06):
can take it to there's plenty of places,
MIC1 (19:08):
dealers or Purchasers.
MIC2 (19:10):
But what I'm saying is like the trade for cash Is it
like different than a trade forsomething else valuable, which
obviously cash is valuable But Icould see in her mind being
like, oh i'm trading this for ahouse Versus oh i'm going to
sell my family's valuables tothen gain a house
MIC1 (19:32):
like
MIC2 (19:32):
that difference You Being a little bit more difficult
MIC1 (19:37):
I get it.
But we're also assuming theseare family heirlooms, Jamie
Book.
I Well, I mean, don't, don'tassume.
I assume the benefit of thedoubt with your lady that had
the closed circuit TV camera ofthe lobby and everybody had it.
This is why we source funds,Jamie Book.
We have no idea where they camefrom.
MIC2 (19:56):
You think she's Stealing
MIC1 (19:58):
Stealing them, maybe she murdered somebody, I don't know.
MIC2 (20:01):
Okay, but here's my question.
Does it matter if she stole it?
Like, do you have to have proofof where the artifact came from?
Or do you just need proof thatshe sold it and here's your
certificate or bill of sale?
MIC1 (20:17):
That's actually a very good question.
Now that I think about it, Idon't think so.
MIC2 (20:25):
so.
I no
MIC1 (20:25):
idea.
You know what we would probablyI mean To the letter of the law,
I suppose then I would needproof of acquisition Like a
paper trail of everythingbecause what we look at Here's
your real estate wisdom for theday We're gonna look at a two
month history of your bankstatements So if in one of her
(20:49):
last two months of statements, Isee You A 50, 000 deposit from
Pawn Stars.
I'm going to say, okay, where
MIC2 (20:59):
Sounds a lot like something else You
MIC1 (21:04):
clearly have never seen the show.
Uh huh.
MIC2 (21:09):
I've seen the Antique Road Show
MIC1 (21:12):
That doesn't sound nearly as interesting as Pawn Stars.
it.
I'm
MIC2 (21:18):
I'm just imagining someone scrolling and reading wrong, and
then being like, What the fuckis this?
MIC1 (21:24):
Yep.
MIC2 (21:24):
Make
MIC1 (21:27):
that when we transcribe this, the spelling is correct.
MIC2 (21:29):
correct.
Yeah,
MIC1 (21:31):
But yeah, if I
MIC2 (21:32):
see that
MIC1 (21:32):
deposit, I'm going to say, okay, well, where did this come
from?
Because it's a large deposit.
Greater than her monthly
MIC2 (21:39):
Okay, Okay, But say I steal a car three months ago and
then I sell it for 20, 000 and Ihave a bill of sale.
Are you going to ask me where Iacquired this car or are you
just going to say, oh, you got acar here and just give me the
(22:00):
bill of sale, show us where yougot this funds and move on with
your life?
MIC1 (22:04):
So let me ask this question.
You stole the car three monthsago.
MIC2 (22:08):
Maybe it doesn't matter when I stole the car, but
MIC1 (22:11):
Actually, it does.
Okay, because if you stole thecar three
MIC2 (22:14):
ago,
MIC1 (22:14):
ago Sold it deposited the money I look at bank statements
for the last two
MIC2 (22:21):
months There's the loophole.
Oh, God.
Don't nobody come after ussaying we said it was okay to
steal a car for your
MIC1 (22:32):
Exactly But if it was within the last two months, I
would probably ask for, well,the bill of sale.
I'm going to ask for the bill ofsale because I'm going to make
sure that it matches up with thedeposit.
And, I mean, if it's not yourname on the bill of sale, that's
a problem.
MIC2 (22:52):
well, obviously I would fake the bill of sale and it
would be my name on it.
That's
MIC1 (22:55):
No, that's fine.
You're the one committing fraud,not me.
MIC2 (22:57):
not me.
Okay.
I got needed.
Perfect.
Alright.
I got my question answered.
MIC1 (23:05):
This is the real tea how to commit
MIC2 (23:07):
fraud Oh my god, don't say that.
We do not condone this.
MIC1 (23:11):
And then my other
MIC2 (23:13):
Oh yeah, I forgot.
I was so excited about thisstory.
Really?
MIC1 (23:16):
See, I would have thought that
MIC2 (23:17):
the other one would have
MIC1 (23:18):
been more exciting,
MIC2 (23:19):
They're both quite exciting, if I'm being honest.
MIC1 (23:23):
This woman I actually met in person.
MIC2 (23:25):
Oooh.
MIC1 (23:26):
I think this was also 2018 2019.
Yeah.
she filled out an application.
And in the same section as, youknow, the other person with the
gold, silver, and antiques,there was down payment and there
was nothing.
There was nothing there.
So, as I'm going through theapplication with her, I, you
know, Oh,
MIC2 (23:44):
Oh, it's the same person?
No, it's a different person.
Oh.
MIC1 (23:46):
I'm saying the same section.
MIC2 (23:47):
Oh, got it.
MIC1 (23:48):
Assets, but as I'm going through the application on the
phone with her or she'd besitting sitting with her.
I'm like, okay You know, we haveyour your your income
information she wasn't workingshe was Receiving government
funds.
I'm like, okay, you have yourincome information We know, you
know a general idea of what youcan spend monthly on a home
Where what's your source offunds and she just looked at me
(24:11):
and said the Lord
MIC2 (24:12):
Oh, she said it in person.
Yes.
Oh.
MIC1 (24:15):
and I said, okay, And in my brain, I'm just, I'm, I'm
trying, I'm,
MIC2 (24:21):
Trying to be empathetic.
I'm trying my best.
MIC1 (24:23):
And I just said, when are those funds going to be
deposited?
MIC2 (24:29):
That's going to be, um, the name of this episode,
Terrence Tries Empathy.
MIC1 (24:35):
And she said, you know, um, When the time is right, he
will provide.
And I said, Amen.
Once
MIC2 (24:41):
are you gonna liquefy that?
MIC1 (24:48):
You're going to hell, not me.
So I said, Okay, um, When thosebecome available, just let me
know, but if you're looking topurchase a house at X price,
He'll need to provide about thismuch.
impressed with
MIC2 (25:05):
with your response.
was Very mature,
MIC1 (25:08):
Yes.
Mm hmm.
So, once the meeting concluded,she never answered my calls
again.
No, not once.
MIC2 (25:16):
Hmm.
MIC1 (25:16):
No idea why, I was very, very nice.
MIC2 (25:19):
The Lord did not provide.
MIC1 (25:20):
provide.
happened.
I I'm really kind ofdisappointed I think about it.
I would have liked
MIC2 (25:27):
I would have liked to see that miracle.
Maybe not a miracle, but, thatwould be a great story too.
MIC1 (25:31):
I mean, yeah.
Maybe, you know Being matureadult Terrence here.
Maybe she was going to get agift from the church.
MIC2 (25:40):
Oh, yes.
MIC1 (25:41):
Mm hmm.
Amateur Terrence was wonderingif she just wanted money to just
go right on the table and popup.
MIC2 (25:46):
Well, I feel like when somebody says the Lord will
provide it doesn't just mean itpops into your bank account.
no, no.
MIC1 (25:52):
lie, sometimes I think that.
MIC2 (25:54):
I'm sorry.
Dig deeper.
Explain
MIC1 (25:56):
Okay.
Whenever, I always, I alwaysthink back to a movie that I
watched a lot as a kid.
The Ten Commandments.
MIC2 (26:04):
I've never seen it.
MIC1 (26:05):
Comes on a lot on TV around Easter.
Yeah.
Yeah.
MIC2 (26:08):
Okay.
MIC1 (26:08):
coming up.
Starring
MIC2 (26:09):
is Easter this year?
MIC1 (26:10):
Coming up.
Yeah.
I want to say 60s.
Anyway, this is the story of,you know, Passover and part in
the Red Sea and all that funstuff.
And I always just think ofmiracles.
Things are just going popping upturning water to wine
MIC2 (26:30):
Right into the
MIC1 (26:32):
Right into the bank account
MIC2 (26:34):
if you woke up and there was just a million dollars in
your bank account?
You don't know where it camefrom, you just, it was there.
MIC1 (26:42):
Lord provided I'm telling nobody
MIC2 (26:46):
you just had, there was a note on the transfer that said
from the Lord.
MIC1 (26:51):
know Until you saw me riding down the street on a
llama or
MIC2 (26:56):
on a llama That's what you would do with a million dollars.
You would just trade your car infor a llama.
MIC1 (27:03):
a llama.
galloping, did I gallop?
Galloping down the street.
MIC2 (27:08):
Yeah, he'd probably you
MIC1 (27:10):
uh, Did you come into some money recently?
I'll be like, Yeah.
No?
Just wanted a llama.
MIC2 (27:15):
Could a llama even support you?
Nope.
MIC1 (27:18):
Not gonna lie, no idea.
No?
I just, aren't they about thesize of camels?
MIC2 (27:22):
No!
MIC1 (27:25):
Are they not?
I thinking about the rightanimal?
MIC2 (27:28):
so.
Wait.
And
MIC1 (27:30):
and they spit?
Yeah.
Aren't those llamas?
Yes.
They're the size of camels.
They are
MIC2 (27:37):
not.
They are not.
look look it up.
MIC1 (27:42):
this up here.
'cause I am, I'm crying.
MIC2 (27:44):
I'm
MIC1 (27:45):
positive that
MIC2 (27:46):
No.
MIC1 (27:47):
a llama is as big as a camel.
A camel's
MIC2 (27:51):
A camel's like bigger than a horse.
MIC1 (27:53):
Yeah.
This
MIC2 (27:53):
This fella
MIC1 (27:55):
Okay.
Llama next to camel.
I don't feel like that's anaccurate representation.
Yeah,
MIC2 (28:03):
that is an accurate representation.
That's why I'm laughing so hard.
I'm crying.
I feel that's,
MIC1 (28:12):
a baby llama.
MIC2 (28:14):
That's a llama.
MIC1 (28:15):
Welp.
MIC2 (28:16):
If anybody does photoshop, can you please photoshop
Terrence on a llama for it
MIC1 (28:21):
you know what?
I was almost certain that theokay Point is you'd never know
That I had a million dollars.
MIC2 (28:31):
If Terrence ever says I'm buying a llama, we know he's
come into some money.
MIC1 (28:35):
Won the lottery for the Lord provided.
MIC2 (28:40):
know that.
Yeah, me
MIC1 (28:42):
I really want to know what happened to that woman
MIC2 (28:43):
alright.
MIC1 (28:44):
I want to, Oh, I want to tell you about my, my
happenings.
Um, don't get too excited.
This is another one of those,you tell people not to do it.
MIC2 (28:52):
And they do it.
MIC1 (28:53):
they do it type stories This one had a it had a happy
ending.
It's fine Fortunately timing allworked out but on the list of do
not do's While you're buying ahouse Unless you tell your
lender first just do not changejobs
MIC2 (29:08):
Oh yes, fair.
MIC1 (29:09):
So Before closing we do a final verification of employment
where we call the employer Hey,so and so still here is
employment going to continue
MIC2 (29:17):
How soon do you call them?
MIC1 (29:18):
That one is done within two weeks closing
MIC2 (29:21):
Okay.
MIC1 (29:21):
So and are they still here is employment going to continue
If they say no It's a little bitof a problem
MIC2 (29:28):
Understandably So,
MIC1 (29:29):
Fortunately, we didn't get that far We were about a day
before we were going to actuallymake the call.
We got updated pay stubs.
One of the updated, updated paystubs looked a little bit
MIC2 (29:39):
Hmm.
Like,
MIC1 (29:41):
very different, like from a different employer.
And so my, uh, processor calledme and said, do you, uh, you
know, you know about this?
I'm like, no, about what?
She emailed me over a pay stub.
I'm like, that's, that's notwhere she works.
so I made a quick phone call.
I paced a little bit first, thenI made a phone call.
I said, hey, um, thank you forsending over your most recent
(30:01):
pay stub.
MIC2 (30:01):
What the fuck?
MIC1 (30:03):
Why does it look different than the last pay stub?
Oh, um, I got a new job.
I said, congratulations.
Terrence tries empathy I have somany questions for you.
Um, When, why, why, why, and howare you paid?
Because if how you're paidchanges, we may not be buying a
(30:23):
house right now.
And, and so she said, last week,I forgot to tell you.
I said, you know what, it'sokay.
Okay.
But I'm paid salary and I'mmaking more money now.
I'm like, the Lord provides.
So it all, uh, it all worked outjust a couple of extra steps.
Verification of employmentthrough a new employer.
(30:45):
And we closed.
MIC2 (30:46):
Okay, so moral of the story is you can change jobs as
long as you get paid the sameand more money.
MIC1 (30:54):
Definitely more money.
But.
How you're paid makes adifference.
If you are a salaried employeeand your pay structure changes
to a half salary, half bonuscommission.
MIC2 (31:07):
Right.
MIC1 (31:08):
No, because then I'm using the salary cause I don't have a
history of the variable income.
MIC2 (31:15):
Yep.
Okay.
There's your real estate wisdom.
Real
MIC1 (31:18):
wisdom.
Thankfully in this situation itwas salary
MIC2 (31:21):
to salary.
So, and just so people areaware, in order for bonuses to
count, you have to have a twoyear
MIC1 (31:28):
history?
Two years.
MIC2 (31:29):
Okay.
MIC1 (31:30):
Same thing with commission.
MIC2 (31:31):
Yep.
MIC1 (31:31):
The variable incomes is where we need two years.
MIC2 (31:34):
Mm-Hmm.
Say that again.
For the people in the back.
MIC1 (31:36):
I'm looking at you.
Two years.
Don't do it.
Don't leave your salary job tostart a business until after you
close.
That's all I got.
It's my wisdom for the day.
MIC2 (31:46):
It's beautiful.
MIC1 (31:47):
Thank you.
MIC2 (31:49):
talk about you.
Yeah, what about me?
MIC1 (31:52):
do you got going on?
MIC2 (31:53):
I'm working on a flip up in Rogers Park right now.
MIC1 (31:56):
How many beds and baths?
MIC2 (31:59):
It's three bed, two baths, it's huge.
It's gotta be over 1, 500 squarefeet, if not close to 2, 000.
it has this beautiful livingroom with curved windows.
It was built in the 1920s by awoman architect.
We bought it on auction, whichis a first for me.
MIC1 (32:18):
Nice.
MIC2 (32:19):
But we bought it with all of the, um, basically personal
belongings inside as well.
MIC1 (32:24):
So, Any treasures in there?
MIC2 (32:28):
definitely a lot of vintage finds.
So, this person had been inthere since, I think, the 70s?
If I'm,
MIC1 (32:38):
Ooh.
MIC2 (32:39):
wait, maybe that's not true.
But, um, basically, yeah, a lotof like vintage, um, vases and
glassware.
But the thing with foreclosuresand personal property is I
cannot sell any of it.
It all has to be donated ortrashed.
MIC1 (32:57):
I have a question.
MIC2 (32:58):
How
MIC1 (33:00):
How will they know?
MIC2 (33:01):
great question, Terrence.
Ethically, I need to beresponsible
MIC1 (33:08):
Mm hmm.
MIC2 (33:09):
because I do not want to jeopardize my business or my
business partner in any way
MIC1 (33:15):
Okay.
MIC2 (33:16):
Putting something online and then one of their family
members says, hey, that's
MIC1 (33:23):
that's
MIC2 (33:23):
My grandma's.
Oh, I'm actually entitled tothis property or I'm Entitled to
I don't know what um So it'sdefinitely more complicated and
more complex and I don't fullyunderstand everything about it,
but when you buy a foreclosedproperty at auction, there is a
(33:47):
difference between the physicalproperty in the unit, the real
estate left behind, and then thepersonal belongings left behind
and the way you have to dealwith each of those separately.
MIC1 (33:58):
So the personal stuff that they've left behind, you have to
donate it?
MIC2 (34:03):
Give it away, donate it.
I can't keep it or sell it,
MIC1 (34:06):
Okay, give it away, donate, throw it away.
throw it away.
yep.
MIC2 (34:10):
Okay,
MIC1 (34:10):
you just personally can't sell it?
MIC2 (34:13):
Correct.
MIC1 (34:14):
Okay, so.
Off the record.
Um,
MIC2 (34:19):
anything good that I want?
it's all gone.
So I put everything on FacebookMarketplace for free.
I said, come pick it up, um,Sunday from this time to this
time, first come, first serve.
I had a line waiting.
People were there an hour early.
And I cannot believe the thingspeople were taking.
(34:41):
And I, and people were there forall different reasons.
Like there was like teenagers,there furnishing their first
apartment.
There were older people who likeclearly had some sort of
business that they would resellall of this.
Like it was, Wild people whojust collected vintage antiques
(35:01):
and the vases and Yeah, it waslike a madhouse.
MIC1 (35:08):
madhouse.
No,
MIC2 (35:11):
I definitely checked all of them.
MIC1 (35:14):
I'm not selling
MIC2 (35:17):
Ethically, um, I'm not selling it, but I need to know
how much this is worth.
MIC1 (35:22):
much it is.
No, the
MIC2 (35:25):
No, the most expensive ones were like 500 bucks.
Yeah.
Okay.
But most of them were like 20 to80 dollars, which isn't nothing.
MIC1 (35:37):
How did you find this out?
MIC2 (35:39):
Reverse Google search.
MIC1 (35:41):
Oh, like the image.
MIC2 (35:42):
Mm hmm.
I took a picture, reverse Googlesearched it, looked up the um,
if it had a name on the bottomor something, looked it up.
Mm hmm.
MIC1 (35:51):
Okay.
Somebody walked out of therewith a couple of things worth
500 bucks.
MIC2 (35:56):
Yeah, I know.
MIC1 (35:58):
artwork
MIC2 (35:59):
I don't think there was any artwork to note.
There was this one photo of thislittle boy.
He was probably 5 years old.
Yeah, it was huge.
Probably like 18 by 12.
No, bigger than that.
18 by
MIC1 (36:15):
24.
the frame
MIC2 (36:15):
The frame?
The frame.
Right.
And the picture was so old andaged that this kid's skin had
turned grey and his eyes hadturned red.
He was a fucking demon child.
his hands looked way too big forbeing a five year old.
Like the more I looked at this,I was like, this is so weird.
(36:41):
Well, because you, you look atit and you're like, oh, it's
just a kid.
And then you look at a littlemore and you're like, wow, that
kid has really big hands.
And then you're like, oh my God,this photo's so aged.
His skin is graying.
And then you're like, and hiseyeballs are red
MIC1 (36:56):
Jamie, look, if there's one thing that I've learned in
all my years, Kids are thedevil.
MIC2 (37:03):
Someone took that picture, Lemme tell you.
MIC1 (37:05):
Wait, was it a photograph
MIC2 (37:06):
or anything?
It was, it was, a photograph.
MIC1 (37:07):
photograph.
That kid is in that picture.
MIC2 (37:09):
Maybe.
No, he's him.
MIC1 (37:11):
Let me, let me ask, when,
MIC2 (37:13):
um,
MIC1 (37:14):
did someone take this?
MIC2 (37:15):
Yes.
For the frame.
But someone took that picture,
MIC1 (37:19):
you should check on them.
MIC2 (37:21):
Well, one person took it off the wall and then I, like,
mentioned it.
I was like, did you notice howcreepy this kid is?
And they were like, we justliked the frame.
I mean people were takingumbrellas.
They took all the silverwareglassware Um golf clubs, which I
understand people were takingeverything
MIC1 (37:39):
I love it.
MIC2 (37:40):
Yeah.
MIC1 (37:41):
I'm stuck on this kid, though.
MIC2 (37:44):
I wish I'd taken a picture of the kid I mean just to show
you it's fucking creepy
MIC1 (37:49):
no, because then he would have ended up in your phone.
I'm with you.
No,
MIC2 (37:52):
he's probably in a video that I have of the unit
MIC1 (37:54):
I don't want to see it
MIC2 (37:55):
So if anyone's listening and interested in buying a
property in Rogers Park We'reabout to have a freshly
renovated three bed two bathseparate dining kitchen huge
beautiful vintage building notbe It's not haunted.
No.
MIC1 (38:12):
hands.
so Was he still in the
MIC2 (38:15):
in when they took the frame?
Yes.
Yes.
He was in the picture.
I've also been in there manytimes alone and there's no
vibes.
MIC1 (38:23):
Because the frame's gone.
MIC2 (38:24):
All good, vibes.
MIC1 (38:26):
Okay.
MIC2 (38:27):
So it should be on the market by April.
MIC1 (38:29):
Nice! Okay.
Just in time for the thick ofthe spring market.
Which starts, unofficially,Monday.
MIC2 (38:38):
Is the Superbowl this weekend?
Oh 1st.
I Who do you think is gonna win?
MIC1 (38:47):
17, final score.
MIC2 (38:49):
Oh, okay.
We're gonna hold you to that.
MIC1 (38:51):
Done.
MIC2 (38:52):
Um, don't hate me for this question.
Who does Travis Kelsey playmore?
MIC1 (38:57):
Um, Mr.
Swift plays for the Kansas CityChiefs.
You're welcome.
MIC2 (39:00):
Okay.
MIC1 (39:01):
Yeah, it's sunday.
So, um Who are you rooting for?
MIC2 (39:06):
you rooting for?
Okay.
Oh my
MIC1 (39:13):
my gosh.
Um not
MIC2 (39:18):
people.
MIC1 (39:19):
Oh, they've
MIC2 (39:22):
Um, Steve you?
Okay, cool.
MIC1 (39:27):
know?
Uh, the spring market startsMonday.
I know we just said that, butthat's very important.
So, do you get offers acceptedin multiple offer situations?
MIC2 (39:36):
talking about this today.
So, we say love letters are out.
MIC1 (39:40):
Love letters, meaning letters from the
MIC2 (39:43):
hmm.
But Anything creative, soanything that's going to make
your offer stand out.
I had a team member recently whohad multiple offers, two offers,
they were like essentially thesame, she said, that the, the
sellers didn't know how to makea decision.
They put in the same percentdown, same price, like same
terms, and the winning partyoffered a gift card to the
(40:06):
sellers for a restaurant.
I don't know about the legalityof that, but it worked.
MIC1 (40:13):
Well, I mean.
Technically speaking, then theiroffer was a little bit higher
than
MIC2 (40:17):
than the other person's.
Exactly.
Um, you know, there's a lot ofdiscussion right now about,
like, commissions.
And real estate so offering topay one side's commission, I
think is going to become a thingOffering to put earnest money
hard.
So your first thousand dollarssaying it's going hard whether
(40:37):
We close or not you get to keepthat
MIC1 (40:39):
my
MIC2 (40:40):
Um I'm giving away my trade secrets here.
MIC1 (40:43):
Yeah
MIC2 (40:45):
Um, what else?
I mean, honestly, you have tobutton up all of your terms.
So it's not just about price.
It's about price.
It's about closing.
It's about tax preparation.
It's about earnest money.
It's about your down payment.
And if a seller has five offers,they're going to look at every
single one of these individuallyand decide who is the most
(41:05):
qualified and who they think isgoing to get to that closing
table.
Cause you could have the highestprice, but if you're putting 5
percent down and 2, 000 inearnest money, And your tax
preparation, you're asking for110 percent and you're up
against an offer who's maybe alower purchase price, but they
(41:25):
have 10 percent or 15 percentdown and they're giving you 5
percent in earnest money.
That's definitely a safer optionfor a seller.
MIC1 (41:36):
Interesting.
Why?
MIC2 (41:37):
Why?
On all of that?
MIC1 (41:40):
Between those two offers, yes.
Why?
MIC2 (41:42):
reason I ask is
MIC1 (41:44):
ask is because I ask multiple agents this question
because I personally would liketo know why, because to me it
makes no difference.
MIC2 (41:49):
no difference.
It's, you know, people are wellqualified for mortgages, so the
likelihood of them closing arevery high.
So when you're comparing cash tomortgage, I think it depends on
the situation of whether one'sbetter or another one is.
at the end of the day, whenyou're talking who's going to
(42:11):
get to the closing table andmaybe who's more invested.
So earnest money is one of thosethings where, like, we know you
could get it back if somethingfalls through.
Right 99 percent of the timeit's not on the line But if
you're willing to give more upfront, it just shows a little
bit more commitment um, i've hadplenty of sellers who Looking at
(42:32):
two offers and one has lessearners money and they're
otherwise they're very similar.
They're saying oh this person'sputting a significant more down
in earnest money So it seemslike they're a little bit more
motivated and willing to putmore skin in the game
MIC1 (42:47):
Okay
MIC2 (42:49):
Tax proration when you're in a multiple offer situation
And you're asking the sellers topay 110 percent of the tax, the
latest tax bill, which wasprobably two years ago.
You don't know what those taxesare.
That's a disadvantage to someonewho's going to say to be
determined in attorney review,because that's going to be fair,
(43:10):
at least, or to someone who'ssaying 100%, because that buyer
is now offering to pay anyincrease in taxes on the
seller's behalf.
So it's all these little detailsthat are gonna help you in a
multiple offer situation.
MIC1 (43:26):
You made mouth noises.
Someone throwing it out there.
Yeah.
Oh, I've heard them a few times.
I just want you to know.
I know.
It's gross.
not gross, Jamie, but it's anatural bodily function.
MIC2 (43:35):
Well, it's kinda gross, but anyways, yeah.
MIC1 (43:39):
Well, thank you for that information.
MIC2 (43:41):
You're welcome.
MIC1 (43:42):
What else you got?
MIC2 (43:44):
How time
MIC1 (43:46):
What time is it?.
MIC2 (43:47):
it?
Well, shit.
thank you everyone for listeningto another episode of Realty
Chicago.
(44:08):
If you are interested in sharinga story, or finding us on social
media, or just connecting insome way, you can find us on
Instagram,@RealTea Chicago.
You can also email us atRealTeaChicago@gmail.com.
We do have a TikTok the RealtyChicago podcast.
and I've got a Google form ifyou wanna fill it out.
(44:29):
That's gonna be linked on ourInstagram
MIC1 (44:31):
our anonymous stories.
MIC2 (44:32):
Yes, so find us and let's connect.
MIC1 (44:37):
Signing out.
MIC2 (44:39):
And we're done.
MIC1 (44:40):
Okay, bye! Bye!
How you doin
MIC1 (00:01):
Oh, it's a good day.
MIC2 (00:01):
Are you a Friends fan?
MIC1 (00:03):
A what?
MIC2 (00:03):
Friends.
MIC1 (00:04):
Like the show?
Yes.
Oh.
MIC2 (00:06):
Um, that's why you didn't get that.
How you doin Is
MIC1 (00:09):
Is that a friends thing?
MIC2 (00:10):
Yeah.
Joey Tribbiani.
Come on.
MIC1 (00:12):
I watched a couple episodes, stopped forever.
MIC2 (00:14):
forever.
No,
MIC1 (00:16):
No, but I've always wanted to start it.
MIC2 (00:18):
start it.
Is
MIC1 (00:21):
is it?
That's how it is for a lot ofshows.
MIC2 (00:34):
Welcome to another episode of the Realty Chicago podcast
I'm, jamie, and we are here toshare with you the most
interesting stories we can findin Chicago real estate.
And if you like what you hear,please don't forget to like, and
subscribe, tell all your friendsand family and even submit a
question.
A story, if you want, even.
(00:55):
Yes,
MIC1 (00:55):
please.
We
MIC2 (00:56):
can do it.
MIC1 (00:56):
all of the things.
You can do it anonymously.
Yep.
Meaning we won't tell who youare.
MIC2 (01:01):
have a google form that they can fill out and just stay
anonymous.
We don't even have to know whothey are.
Nice.
Yeah.
MIC1 (01:06):
So we really will be anonymous.
Yep.
That'll be exciting.
MIC2 (01:09):
I'm
MIC1 (01:09):
I'm very excited about this.
MIC2 (01:11):
I know.
Please fill out some stories,like we gotta find.
All right, so I thought today wecould talk about the fact that
Chicago has the world's onlybackwards flowing river.
MIC1 (01:25):
When you say backwards, like against gravity?
MIC2 (01:28):
Wait, you really didn't know this?
I thought this was commonknowledge in Chicago.
MIC1 (01:32):
No, I didn't know
MIC2 (01:33):
They reversed the flow of the river.
No, reverse it.
No, they did.
In 1900.
MIC1 (01:39):
Oh.
And then they never turned itback?
No.
MIC2 (01:41):
No,
MIC1 (01:42):
no, I just thought that there was a thing they can do I
could Flip it when they need thegreen dye to go one way and then
turn it back the other way whenit's Not st.
Patrick's day.
MIC2 (01:49):
the river was so polluted from waste and Nasty things then
it was flowing directly intoLake Michigan, which was
obviously polluting our drinkingwater so they spent eight years
on January 1st they reversed theflow of the river so that all
(02:09):
the polluted water wouldactually flow to the
Mississippi.
MIC1 (02:13):
Nice.
I had no idea.
I did.
I didn't know this was a fact.
Yes.
MIC2 (02:17):
Yes.
MIC1 (02:17):
So, note to self, do not go swimming in the Mississippi.
It is full
MIC2 (02:21):
Don't go swimming in the Chicago River.
I
MIC1 (02:24):
do that either.
I don't know.
MIC2 (02:25):
No, no, no, no, no.
I
MIC1 (02:26):
even touch that water.
MIC2 (02:28):
No, you shouldn't.
Anyone who's kayaking in theriver, like, you're fucking
MIC1 (02:32):
Yeah, it's gross.
I've never been on the ChicagoRiver and I never will.
MIC2 (02:34):
No.
MIC1 (02:35):
No.
MIC2 (02:35):
Absolutely not.
If you get, I think it's, if youare submerged more than half of
your body in the river, you aresupposed to go to the hospital
to be checked for waterborneillnesses.
MIC1 (02:47):
That's
MIC2 (02:47):
Like, Don't fuck around in the river.
That's nasty.
The lake's one thing.
The lake is much much
MIC1 (02:51):
cleaner.
Well yeah, the lake's fine, butthe river, that's
MIC2 (02:54):
the river.
That's nasty.
Nasty.
MIC1 (02:55):
I just never wanted to go in it because I just figured it
was full of poop and probablydead bodies and it's gross Do we
know how deep the chicago riveris
MIC2 (03:02):
I have no idea.
MIC1 (03:03):
All right.
Well,
MIC2 (03:04):
Well, the project was named one of the seven wonders
of engineering by the Americansociety of civil engineers in
1995.
MIC1 (03:13):
Depth of Chicago river at its deepest point.
The Chicago river is 21 feetdeep.
MIC2 (03:18):
Oh, that's not that deep.
I mean, I think it's deep for ariver.
MIC1 (03:23):
No, that is shallow
MIC2 (03:24):
for
MIC1 (03:25):
Um, the Mississippi river averages 30 feet.
Below Cairo, where the OhioRiver joins, the depth averages
50 to 100 feet deep.
The deepest part of the river isin New Orleans, where it reaches
200 feet deep.
So, I think 21 feet's a littleshallow.
MIC2 (03:43):
okay.
Yeah, you're right.
I was going to basing myknowledge off of the Rio Grande
in New Mexico, which is.
Extremely shallow.
Anyways.
day.
Yeah.
All right, do you have your twotruths and a lie ready for us?
MIC1 (03:57):
Hmm?
Well then.
MIC2 (04:05):
I have mine.
MIC1 (04:06):
Okay, well, we're going to let you go first.
And I will come up with mine aswe go.
MIC2 (04:13):
Okay.
MIC1 (04:13):
we can, I can.
We can do it.
We can just riff.
MIC2 (04:16):
It's fine.
You don't need to do a whole.
MIC1 (04:18):
we can do it later and I'll, you know, I'll think about
it as we go along.
MIC2 (04:21):
Okay, great.
So, mine are, I've walked in ona live stream of the building's
lobby in someone's unit.
I've taken a potential client totheir dentist appointment.
Or, I've had to break into alisting through an open window.
MIC1 (04:42):
I am going to say that that one is true.
The window I can see youshimmying through a window.
and I kind of just want thefirst one to be true because I
want to hear all about how thepolice came in and apprehended
this man afterwards or woman.
So I'm going to go ahead and saythe lie is the dentist.
MIC2 (05:02):
Okay.
MIC1 (05:03):
Are you going to tell?
I mean,
MIC2 (05:05):
I mean, of course I'm going to tell.
MIC1 (05:08):
Well, I didn't know if you were going to wait and tell us
on the next episode or tell ustoday.
Oh, no.
MIC2 (05:13):
It must have been too long ago that we recorded our last
episode because I revealed thesein the last episode.
MIC1 (05:19):
geez.
Did you?
MIC2 (05:20):
And you had the same guesses, I'm
MIC1 (05:23):
know what?
I'm nothing but consistent.
MIC2 (05:25):
Okay.
So story number one, um, I did alisting presentation with a
previous teammate, which meanswe go and we present ourselves
and our marketing, et cetera, etcetera.
And with that comes a tour oftheir unit.
So this woman, had been there.
I think she was an originalowner of this 1970s building.
(05:48):
She had been the board presidentfor like 20 years.
She no longer was and she wasmoving because she was elderly
and just It was her time to gofind, you know, different care.
So, we go through the wholeprocess, and then she takes us
to her unit, and we look around,and it's a unit of someone who
has lived there for almost 50years.
(06:10):
Like, packed full in a hoardertype of sense.
Which I guess is not uncommon.
and we're going through eachroom and there's stuff
everywhere and blah, blah, blah.
We get to our office and there'sa desk, there's notepads all
over the desk and a TV.
(06:30):
Like a old school TV so hugelike a box frame.
It's got the big butt in theback.
That's sticking out It's liketaped together.
I can tell this thing's reallyold.
MIC1 (06:41):
it have rabbit ears too?
MIC2 (06:42):
don't remember.
But on the TV is a live streamof the building's lobby.
MIC1 (06:49):
Um, why?
MIC2 (06:50):
was
MIC1 (06:53):
Did you ask?
MIC2 (06:54):
No, it was a very uncomfortable situation.
MIC1 (06:59):
Let me ask this question.
How many units were in thebuilding?
MIC2 (07:01):
Um, a lot.
Like it was a, it's not a highrise, it was a mid rise, maybe
15 to 20 stories?
Maybe not that many.
MIC1 (07:11):
So I mean, my brain is just
MIC2 (07:13):
Yeah.
MIC1 (07:14):
of things right now.
So does she have her own hiddencamera or is this like she
tapped into the buildingsecurity feed?
MIC2 (07:21):
My assumption is because she was the building president
at some point, the associationpresident, she had tapped into
the feed that was the securitycameras of the lobby, which I
also forgot to mention when wearrived and the front door man
called up, we overheard himbeing like.
Yeah, it's two women.
(07:42):
They're here sitting down in thelobby, which makes me think she
was like, Oh, is it two ladies?
Like she's sitting there watch.
She sat there and watched uswalk in.
MIC1 (07:50):
Hmm.
MIC2 (07:51):
And we left and we were just like, What the fuck?
And That's, that's
MIC1 (07:58):
I wonder, I'm thinking of a perfectly good explanation
here.
MIC2 (08:03):
Trying to give her the benefit of the
MIC1 (08:04):
giving her the benefit of the doubt.
I wonder if every unit has theability to see that camera.
MIC2 (08:09):
Lord, let's hope so.
Like,
MIC1 (08:11):
I don't know, I'm
MIC2 (08:12):
like It's like cable TV and you
MIC1 (08:14):
every unit you
MIC2 (08:14):
go to like
MIC1 (08:15):
channel zero and it's that one camera.
That's my thought and also myhope.
MIC2 (08:21):
Same.
MIC1 (08:22):
also I kind of hope it's not just to make it even more
fun.
MIC2 (08:28):
happened.
Nothing happened.
That was it.
We were just, like, shocked.
We didn't really know what todo.
I didn't know what to do.
The other person didn't knowwhat to do.
We were like, do we sayanything?
Do we do anything?
And then That was it.
MIC1 (08:46):
Did you sell the unit?
I ended
MIC2 (08:50):
going with a different agent, I'm assuming.
MIC1 (08:54):
So it did sell?
MIC2 (08:55):
I actually don't know.
I never went back and checked.
That's one where you're justlike, maybe I don't want my
hands in this one.
of curiosity, is it ethical?
for you to look up the listing,see who sold it and give them a
call and just say, Hey, I have aquestion.
Oh! Like, I mean, I know you can
MIC1 (09:12):
that, But I would just be
MIC2 (09:14):
curious.
Yeah.
I have no idea.
I mean, yeah, I guess I wouldhave to go back and even look
what building it was.
MIC1 (09:21):
Kind of like, you know how on one of our previous episodes
I gave, I used you somehomework.
MIC2 (09:25):
Oh yeah.
MIC1 (09:26):
To check on the guy whose unit she cleaned.
MIC2 (09:29):
Gotta call her.
Yeah.
MIC1 (09:32):
Hey, remember me?
I cleaned your unit.
you need to sell?
MIC2 (09:35):
need any
MIC1 (09:36):
unit?
Exactly.
Okay, so that was one of the
MIC2 (09:39):
The other one is, got a lead from an online source and
went to meet her and from thejump, it was bizarre.
she was coming from the suburbs,her, brother or one of her
family members was living in theunit with her furniture she's,
(10:06):
I'm in the lobby.
I'm like, Hey, I'm here.
Let me know when you arrive.
And she's like, Oh, I'm justgoing to be like 10 to 15
minutes late.
I had an emergency with my dog.
And I'm like, Oh no, I hope yourdog's okay.
And Turns out her dog, like, wasoutside and she couldn't find
it.
Anyways, that was bizarre.
(10:26):
Then she shows up, we go to theunit.
She's She was an over sharer, toput it nicely.
Um, I learned so much about thiswoman.
MIC1 (10:37):
Did
MIC2 (10:37):
you know?
I learned so much about thiswoman in like 45 minutes.
I think I barely even talkedabout real estate.
As I learned about herboyfriend.
How I think they recently brokeup.
Her brother who was living inthe unit.
I mean, the list goes on and on.
She was looking, she was tryingto find a new job.
(10:59):
And then in the midst of all ofthis, she was like, the reason I
wanted to do this appointmenttoday was because I have a
dentist appointment after thisin the loop.
And I'm like, oh, okay.
And she's like, I don't rememberwhat time it was or I don't
remember exactly the location.
Do you mind if I just look itup?
And I'm like, no, I don't mind.
(11:19):
Do what you gotta do.
So she's on her phone.
She's checking her email.
She's like, I can't find it.
I know I got a confirmation.
I can't find it anywhere.
And she's like, I don't rememberthe name of my dentist.
And I'm like, okay.
She's like, I know exactly whatbuilding it was in.
I know the address, but I don'tremember the name.
(11:40):
So I pull out my phone and Istart googling and I google the
address.
There's like 10 dentist officesin this one building in the
loop.
I'm like, does this sound right?
Does this sound right?
And then she's calling eachindividual dentist.
here Yes.
MIC1 (11:57):
Oh,
MIC2 (11:58):
And the poor thing She's calling.
After a few, she just startsbawling.
She's like, I don't know who itis.
I can't find the information andI'm like, don't worry.
We're gonna figure this out AndI don't think we figured it out,
but for some reason she wastalking about how she got a
great parking space.
Oh, she was gonna walk.
(12:19):
She was just gonna walk to thedentist because it was close
enough, but it was like aterrible day outside.
It was windy and cold and I'mpretty sure I offered the ride.
I don't think she asked becauseI wanted the listing.
It's like, how would I give youa ride?
So I gave her a ride to thedentist.
MIC1 (12:36):
but goes above and beyond for her clients.
I
MIC2 (12:38):
do.
MIC1 (12:39):
Did she become a client?
MIC2 (12:41):
She did not.
We're still in touch.
Um, but she sell?
Yeah, she didn't sell.
She ended up moving back intothe unit herself.
And the best part was, I don'tknow if it's the best part or
the saddest part.
She texted me later.
And she was like, So it turnsout my dentist appointment was
not today.
It's some other day.
(13:01):
Wow.
You
MIC1 (13:04):
Well, You know, You gained a client for life.
MIC2 (13:08):
I think I did.
I think when she's ready, shewill call me.
MIC1 (13:13):
Absolutely for a ride to the
MIC2 (13:15):
to the dentist.
Yeah, you know what?
Listen, people Sometimes peoplejust need someone to be there
and be empathetic, and I am veryOh
MIC1 (13:25):
it's one of my weaknesses.
MIC2 (13:26):
it's a
MIC1 (13:27):
I don't actually think it's a weakness, but I, I lack
Oh
MIC2 (13:32):
Empathy In
MIC1 (13:34):
many situations.
MIC2 (13:36):
Do you have an example?
MIC1 (13:38):
Not one, that Doesn't make me look like a complete asshole?
MIC2 (13:43):
Well, that's kind of what I was hoping for.
I was hoping to just call youout.
MIC1 (13:49):
because I mean, in that situation, I would just, I would
offer to take her, but Iwouldn't move until she found
the confirmation.
Like, sorry.
No.
MIC2 (14:01):
See, so if she was like, I'm just gonna walk, I'm just
gonna go and find
MIC1 (14:06):
Have a nice day.
Call me later.
MIC2 (14:07):
Even though you don't have to wait for her, like she's
going anyway, it's on your way
MIC1 (14:12):
no, I mean, if she wanted a ride to that building, I would
offer a ride to the
MIC2 (14:16):
That's exactly what I did.
That's fine.
And I gave her a ride to thebuilding.
MIC1 (14:19):
Okay.
MIC2 (14:20):
Yeah, I didn't stay there or walk her up or like try and
help her find the dentist.
MIC1 (14:26):
You kind of helped her try to find the dentist.
I
MIC2 (14:27):
did, I made calls for her on her behalf.
MIC1 (14:30):
You're an adult.
MIC2 (14:32):
Yeah.
Also, she's crying and needinghelp.
I just wanted to help.
MIC1 (14:38):
Tears don't do it for me.
MIC2 (14:40):
Yeah, you're a cold hearted bitch.
MIC1 (14:46):
Well, like we're, we're, we're grownups here.
Let's let's not cry.
Let's figure out a solution.
Let's let's work.
Let's work
MIC2 (14:53):
I tried to find the solution.
And she cried.
And she cried.
Poor thing.
Poor
MIC1 (14:57):
Poor thing.
That's okay.
Again, client for life.
You go above and beyond.
hmm.
I am.
I think I'm ready.
MIC2 (15:06):
Oh, hell yeah.
MIC1 (15:08):
my two truths and a lie.
MIC2 (15:11):
Let's hear them.
MIC1 (15:12):
In no particular order.
MIC2 (15:14):
Okay.
MIC1 (15:15):
Um, these are all potential actual people.
Well, I just wanted to throwthat out
MIC2 (15:21):
there.
MIC1 (15:22):
have had someone show up to a closing with cash.
I have had someone want to bringme jewelry and antiques and gold
and silver to show me that theyhad sufficient funds?
to close.
Yes.
And I had one woman that put onher application that her down
(15:49):
payment was coming from theLord.
MIC2 (15:51):
Oh my god.
Okay, this is a difficult one.
Her down payment's coming fromthe Lord.
That's like a little DeLulu.
These are all DeLulu people.
I kind of believe that someonetried to Okay, hold on.
What was the second one again?
MIC1 (16:03):
The second one was someone tried to bring me gold, silver,
and antiques.
To show that they had funds.
MIC2 (16:11):
as a down payment.
MIC1 (16:13):
Correct.
MIC2 (16:13):
I cannot believe that's true.
Fucking wild.
And then the first one again,
MIC1 (16:17):
That I had someone show up to a closing.
MIC2 (16:19):
With cash.
I don't believe that one,because you're too good of a
lender to let someone do that.
MIC1 (16:25):
First of all, thank you.
Um, But as we have heard, I dotell people what to do and what
not to do, and sometimes theystill do it.
But in this situation, you arecorrect.
I, thankfully, knock on wood, Ihave yet to have someone try to
show up to a closing with cash.
(16:45):
I've had many people ask,especially if the cash to close
isn't being paid.
You know five plus figures
MIC2 (16:53):
Yeah.
MIC1 (16:53):
but no one's done it thankfully but So when I first
started there was a woman thatWanted to bring me gold silver
antiques because on herapplication I She stated, you
know, X number of thousands ofdollars, but didn't input where
(17:17):
they're coming from.
Didn't say checking, savings,retirement.
Was she
MIC2 (17:22):
planning on selling them?
MIC1 (17:24):
No.
MIC2 (17:24):
So she wanted to give these to the seller?
MIC1 (17:27):
Awww.
Like this, this was her downpayment.
She didn't know who she wasgoing to give it to, but she,
here's my down payment.
And it should be worth X numberof dollars and I had to,
MIC2 (17:36):
break her heart.
MIC1 (17:38):
I did.
Um, I tried to use empathy.
MIC2 (17:43):
I
MIC1 (17:45):
I I was very nice.
I wasn't mean.
But I said, well, you're goingto have to liquidate these.
MIC2 (17:51):
Yes.
That's a fair response.
MIC1 (17:53):
See?
And she said, why?
Yep.
And I said, well, because all ofyour money has to be in liquid
money to be able to use it foryour purchase.
MIC2 (18:04):
Did she ask how to make money liquid because it's solid?
MIC1 (18:09):
she did not.
MIC2 (18:10):
Darn.
MIC1 (18:12):
So I told her, you know, once you've sold everything and
have, Proof that you've sold it.
Show me where the money camefrom.
Don't just show up with 50, 000in cash.
Cause, I mean, I don't knowwhere the gold and silver and
antiques came from.
They, you know.
(18:33):
So, I'm like, I just need toshow where they came from.
And we can use the funds.
Nothing ever came of that.
MIC2 (18:38):
Um, yeah.
MIC1 (18:40):
I'm sure she held on to her.
Paraphernalia
MIC2 (18:43):
Well, I guess it's maybe one thing in her mind to like
trade it for a house and anotherthing to actually like put it
online and sell it.
You know, like that's a verydifferent interaction.
MIC1 (18:55):
You don't necessarily have to take that stuff, you know to
sell it online I get it somepeople can't She was older So I
get it.
Some people aren't very computersavvy and want to do it online
Take to a pawn shop.
You
MIC2 (19:06):
can take it to there's plenty of places,
MIC1 (19:08):
dealers or Purchasers.
MIC2 (19:10):
But what I'm saying is like the trade for cash Is it
like different than a trade forsomething else valuable, which
obviously cash is valuable But Icould see in her mind being
like, oh i'm trading this for ahouse Versus oh i'm going to
sell my family's valuables tothen gain a house
MIC1 (19:32):
like
MIC2 (19:32):
that difference You Being a little bit more difficult
MIC1 (19:37):
I get it.
But we're also assuming theseare family heirlooms, Jamie
Book.
I Well, I mean, don't, don'tassume.
I assume the benefit of thedoubt with your lady that had
the closed circuit TV camera ofthe lobby and everybody had it.
This is why we source funds,Jamie Book.
We have no idea where they camefrom.
MIC2 (19:56):
You think she's Stealing
MIC1 (19:58):
Stealing them, maybe she murdered somebody, I don't know.
MIC2 (20:01):
Okay, but here's my question.
Does it matter if she stole it?
Like, do you have to have proofof where the artifact came from?
Or do you just need proof thatshe sold it and here's your
certificate or bill of sale?
MIC1 (20:17):
That's actually a very good question.
Now that I think about it, Idon't think so.
MIC2 (20:25):
so.
I no
MIC1 (20:25):
idea.
You know what we would probablyI mean To the letter of the law,
I suppose then I would needproof of acquisition Like a
paper trail of everythingbecause what we look at Here's
your real estate wisdom for theday We're gonna look at a two
month history of your bankstatements So if in one of her
(20:49):
last two months of statements, Isee You A 50, 000 deposit from
Pawn Stars.
I'm going to say, okay, where
MIC2 (20:59):
Sounds a lot like something else You
MIC1 (21:04):
clearly have never seen the show.
Uh huh.
MIC2 (21:09):
I've seen the Antique Road Show
MIC1 (21:12):
That doesn't sound nearly as interesting as Pawn Stars.
it.
I'm
MIC2 (21:18):
I'm just imagining someone scrolling and reading wrong, and
then being like, What the fuckis this?
MIC1 (21:24):
Yep.
MIC2 (21:24):
Make
MIC1 (21:27):
that when we transcribe this, the spelling is correct.
MIC2 (21:29):
correct.
Yeah,
MIC1 (21:31):
But yeah, if I
MIC2 (21:32):
see that
MIC1 (21:32):
deposit, I'm going to say, okay, well, where did this come
from?
Because it's a large deposit.
Greater than her monthly
MIC2 (21:39):
Okay, Okay, But say I steal a car three months ago and
then I sell it for 20, 000 and Ihave a bill of sale.
Are you going to ask me where Iacquired this car or are you
just going to say, oh, you got acar here and just give me the
(22:00):
bill of sale, show us where yougot this funds and move on with
your life?
MIC1 (22:04):
So let me ask this question.
You stole the car three monthsago.
MIC2 (22:08):
Maybe it doesn't matter when I stole the car, but
MIC1 (22:11):
Actually, it does.
Okay, because if you stole thecar three
MIC2 (22:14):
ago,
MIC1 (22:14):
ago Sold it deposited the money I look at bank statements
for the last two
MIC2 (22:21):
months There's the loophole.
Oh, God.
Don't nobody come after ussaying we said it was okay to
steal a car for your
MIC1 (22:32):
Exactly But if it was within the last two months, I
would probably ask for, well,the bill of sale.
I'm going to ask for the bill ofsale because I'm going to make
sure that it matches up with thedeposit.
And, I mean, if it's not yourname on the bill of sale, that's
a problem.
MIC2 (22:52):
well, obviously I would fake the bill of sale and it
would be my name on it.
That's
MIC1 (22:55):
No, that's fine.
You're the one committing fraud,not me.
MIC2 (22:57):
not me.
Okay.
I got needed.
Perfect.
Alright.
I got my question answered.
MIC1 (23:05):
This is the real tea how to commit
MIC2 (23:07):
fraud Oh my god, don't say that.
We do not condone this.
MIC1 (23:11):
And then my other
MIC2 (23:13):
Oh yeah, I forgot.
I was so excited about thisstory.
Really?
MIC1 (23:16):
See, I would have thought that
MIC2 (23:17):
the other one would have
MIC1 (23:18):
been more exciting,
MIC2 (23:19):
They're both quite exciting, if I'm being honest.
MIC1 (23:23):
This woman I actually met in person.
MIC2 (23:25):
Oooh.
MIC1 (23:26):
I think this was also 2018 2019.
Yeah.
she filled out an application.
And in the same section as, youknow, the other person with the
gold, silver, and antiques,there was down payment and there
was nothing.
There was nothing there.
So, as I'm going through theapplication with her, I, you
know, Oh,
MIC2 (23:44):
Oh, it's the same person?
No, it's a different person.
Oh.
MIC1 (23:46):
I'm saying the same section.
MIC2 (23:47):
Oh, got it.
MIC1 (23:48):
Assets, but as I'm going through the application on the
phone with her or she'd besitting sitting with her.
I'm like, okay You know, we haveyour your your income
information she wasn't workingshe was Receiving government
funds.
I'm like, okay, you have yourincome information We know, you
know a general idea of what youcan spend monthly on a home
Where what's your source offunds and she just looked at me
(24:11):
and said the Lord
MIC2 (24:12):
Oh, she said it in person.
Yes.
Oh.
MIC1 (24:15):
and I said, okay, And in my brain, I'm just, I'm, I'm
trying, I'm,
MIC2 (24:21):
Trying to be empathetic.
I'm trying my best.
MIC1 (24:23):
And I just said, when are those funds going to be
deposited?
MIC2 (24:29):
That's going to be, um, the name of this episode,
Terrence Tries Empathy.
MIC1 (24:35):
And she said, you know, um, When the time is right, he
will provide.
And I said, Amen.
Once
MIC2 (24:41):
are you gonna liquefy that?
MIC1 (24:48):
You're going to hell, not me.
So I said, Okay, um, When thosebecome available, just let me
know, but if you're looking topurchase a house at X price,
He'll need to provide about thismuch.
impressed with
MIC2 (25:05):
with your response.
was Very mature,
MIC1 (25:08):
Yes.
Mm hmm.
So, once the meeting concluded,she never answered my calls
again.
No, not once.
MIC2 (25:16):
Hmm.
MIC1 (25:16):
No idea why, I was very, very nice.
MIC2 (25:19):
The Lord did not provide.
MIC1 (25:20):
provide.
happened.
I I'm really kind ofdisappointed I think about it.
I would have liked
MIC2 (25:27):
I would have liked to see that miracle.
Maybe not a miracle, but, thatwould be a great story too.
MIC1 (25:31):
I mean, yeah.
Maybe, you know Being matureadult Terrence here.
Maybe she was going to get agift from the church.
MIC2 (25:40):
Oh, yes.
MIC1 (25:41):
Mm hmm.
Amateur Terrence was wonderingif she just wanted money to just
go right on the table and popup.
MIC2 (25:46):
Well, I feel like when somebody says the Lord will
provide it doesn't just mean itpops into your bank account.
no, no.
MIC1 (25:52):
lie, sometimes I think that.
MIC2 (25:54):
I'm sorry.
Dig deeper.
Explain
MIC1 (25:56):
Okay.
Whenever, I always, I alwaysthink back to a movie that I
watched a lot as a kid.
The Ten Commandments.
MIC2 (26:04):
I've never seen it.
MIC1 (26:05):
Comes on a lot on TV around Easter.
Yeah.
Yeah.
MIC2 (26:08):
Okay.
MIC1 (26:08):
coming up.
Starring
MIC2 (26:09):
is Easter this year?
MIC1 (26:10):
Coming up.
Yeah.
I want to say 60s.
Anyway, this is the story of,you know, Passover and part in
the Red Sea and all that funstuff.
And I always just think ofmiracles.
Things are just going popping upturning water to wine
MIC2 (26:30):
Right into the
MIC1 (26:32):
Right into the bank account
MIC2 (26:34):
if you woke up and there was just a million dollars in
your bank account?
You don't know where it camefrom, you just, it was there.
MIC1 (26:42):
Lord provided I'm telling nobody
MIC2 (26:46):
you just had, there was a note on the transfer that said
from the Lord.
MIC1 (26:51):
know Until you saw me riding down the street on a
llama or
MIC2 (26:56):
on a llama That's what you would do with a million dollars.
You would just trade your car infor a llama.
MIC1 (27:03):
a llama.
galloping, did I gallop?
Galloping down the street.
MIC2 (27:08):
Yeah, he'd probably you
MIC1 (27:10):
uh, Did you come into some money recently?
I'll be like, Yeah.
No?
Just wanted a llama.
MIC2 (27:15):
Could a llama even support you?
Nope.
MIC1 (27:18):
Not gonna lie, no idea.
No?
I just, aren't they about thesize of camels?
MIC2 (27:22):
No!
MIC1 (27:25):
Are they not?
I thinking about the rightanimal?
MIC2 (27:28):
so.
Wait.
And
MIC1 (27:30):
and they spit?
Yeah.
Aren't those llamas?
Yes.
They're the size of camels.
They are
MIC2 (27:37):
not.
They are not.
look look it up.
MIC1 (27:42):
this up here.
'cause I am, I'm crying.
MIC2 (27:44):
I'm
MIC1 (27:45):
positive that
MIC2 (27:46):
No.
MIC1 (27:47):
a llama is as big as a camel.
A camel's
MIC2 (27:51):
A camel's like bigger than a horse.
MIC1 (27:53):
Yeah.
This
MIC2 (27:53):
This fella
MIC1 (27:55):
Okay.
Llama next to camel.
I don't feel like that's anaccurate representation.
Yeah,
MIC2 (28:03):
that is an accurate representation.
That's why I'm laughing so hard.
I'm crying.
I feel that's,
MIC1 (28:12):
a baby llama.
MIC2 (28:14):
That's a llama.
MIC1 (28:15):
Welp.
MIC2 (28:16):
If anybody does photoshop, can you please photoshop
Terrence on a llama for it
MIC1 (28:21):
you know what?
I was almost certain that theokay Point is you'd never know
That I had a million dollars.
MIC2 (28:31):
If Terrence ever says I'm buying a llama, we know he's
come into some money.
MIC1 (28:35):
Won the lottery for the Lord provided.
MIC2 (28:40):
know that.
Yeah, me
MIC1 (28:42):
I really want to know what happened to that woman
MIC2 (28:43):
alright.
MIC1 (28:44):
I want to, Oh, I want to tell you about my, my
happenings.
Um, don't get too excited.
This is another one of those,you tell people not to do it.
MIC2 (28:52):
And they do it.
MIC1 (28:53):
they do it type stories This one had a it had a happy
ending.
It's fine Fortunately timing allworked out but on the list of do
not do's While you're buying ahouse Unless you tell your
lender first just do not changejobs
MIC2 (29:08):
Oh yes, fair.
MIC1 (29:09):
So Before closing we do a final verification of employment
where we call the employer Hey,so and so still here is
employment going to continue
MIC2 (29:17):
How soon do you call them?
MIC1 (29:18):
That one is done within two weeks closing
MIC2 (29:21):
Okay.
MIC1 (29:21):
So and are they still here is employment going to continue
If they say no It's a little bitof a problem
MIC2 (29:28):
Understandably So,
MIC1 (29:29):
Fortunately, we didn't get that far We were about a day
before we were going to actuallymake the call.
We got updated pay stubs.
One of the updated, updated paystubs looked a little bit
MIC2 (29:39):
Hmm.
Like,
MIC1 (29:41):
very different, like from a different employer.
And so my, uh, processor calledme and said, do you, uh, you
know, you know about this?
I'm like, no, about what?
She emailed me over a pay stub.
I'm like, that's, that's notwhere she works.
so I made a quick phone call.
I paced a little bit first, thenI made a phone call.
I said, hey, um, thank you forsending over your most recent
(30:01):
pay stub.
MIC2 (30:01):
What the fuck?
MIC1 (30:03):
Why does it look different than the last pay stub?
Oh, um, I got a new job.
I said, congratulations.
Terrence tries empathy I have somany questions for you.
Um, When, why, why, why, and howare you paid?
Because if how you're paidchanges, we may not be buying a
(30:23):
house right now.
And, and so she said, last week,I forgot to tell you.
I said, you know what, it'sokay.
Okay.
But I'm paid salary and I'mmaking more money now.
I'm like, the Lord provides.
So it all, uh, it all worked outjust a couple of extra steps.
Verification of employmentthrough a new employer.
(30:45):
And we closed.
MIC2 (30:46):
Okay, so moral of the story is you can change jobs as
long as you get paid the sameand more money.
MIC1 (30:54):
Definitely more money.
But.
How you're paid makes adifference.
If you are a salaried employeeand your pay structure changes
to a half salary, half bonuscommission.
MIC2 (31:07):
Right.
MIC1 (31:08):
No, because then I'm using the salary cause I don't have a
history of the variable income.
MIC2 (31:15):
Yep.
Okay.
There's your real estate wisdom.
Real
MIC1 (31:18):
wisdom.
Thankfully in this situation itwas salary
MIC2 (31:21):
to salary.
So, and just so people areaware, in order for bonuses to
count, you have to have a twoyear
MIC1 (31:28):
history?
Two years.
MIC2 (31:29):
Okay.
MIC1 (31:30):
Same thing with commission.
MIC2 (31:31):
Yep.
MIC1 (31:31):
The variable incomes is where we need two years.
MIC2 (31:34):
Mm-Hmm.
Say that again.
For the people in the back.
MIC1 (31:36):
I'm looking at you.
Two years.
Don't do it.
Don't leave your salary job tostart a business until after you
close.
That's all I got.
It's my wisdom for the day.
MIC2 (31:46):
It's beautiful.
MIC1 (31:47):
Thank you.
MIC2 (31:49):
talk about you.
Yeah, what about me?
MIC1 (31:52):
do you got going on?
MIC2 (31:53):
I'm working on a flip up in Rogers Park right now.
MIC1 (31:56):
How many beds and baths?
MIC2 (31:59):
It's three bed, two baths, it's huge.
It's gotta be over 1, 500 squarefeet, if not close to 2, 000.
it has this beautiful livingroom with curved windows.
It was built in the 1920s by awoman architect.
We bought it on auction, whichis a first for me.
MIC1 (32:18):
Nice.
MIC2 (32:19):
But we bought it with all of the, um, basically personal
belongings inside as well.
MIC1 (32:24):
So, Any treasures in there?
MIC2 (32:28):
definitely a lot of vintage finds.
So, this person had been inthere since, I think, the 70s?
If I'm,
MIC1 (32:38):
Ooh.
MIC2 (32:39):
wait, maybe that's not true.
But, um, basically, yeah, a lotof like vintage, um, vases and
glassware.
But the thing with foreclosuresand personal property is I
cannot sell any of it.
It all has to be donated ortrashed.
MIC1 (32:57):
I have a question.
MIC2 (32:58):
How
MIC1 (33:00):
How will they know?
MIC2 (33:01):
great question, Terrence.
Ethically, I need to beresponsible
MIC1 (33:08):
Mm hmm.
MIC2 (33:09):
because I do not want to jeopardize my business or my
business partner in any way
MIC1 (33:15):
Okay.
MIC2 (33:16):
Putting something online and then one of their family
members says, hey, that's
MIC1 (33:23):
that's
MIC2 (33:23):
My grandma's.
Oh, I'm actually entitled tothis property or I'm Entitled to
I don't know what um So it'sdefinitely more complicated and
more complex and I don't fullyunderstand everything about it,
but when you buy a foreclosedproperty at auction, there is a
(33:47):
difference between the physicalproperty in the unit, the real
estate left behind, and then thepersonal belongings left behind
and the way you have to dealwith each of those separately.
MIC1 (33:58):
So the personal stuff that they've left behind, you have to
donate it?
MIC2 (34:03):
Give it away, donate it.
I can't keep it or sell it,
MIC1 (34:06):
Okay, give it away, donate, throw it away.
throw it away.
yep.
MIC2 (34:10):
Okay,
MIC1 (34:10):
you just personally can't sell it?
MIC2 (34:13):
Correct.
MIC1 (34:14):
Okay, so.
Off the record.
Um,
MIC2 (34:19):
anything good that I want?
it's all gone.
So I put everything on FacebookMarketplace for free.
I said, come pick it up, um,Sunday from this time to this
time, first come, first serve.
I had a line waiting.
People were there an hour early.
And I cannot believe the thingspeople were taking.
(34:41):
And I, and people were there forall different reasons.
Like there was like teenagers,there furnishing their first
apartment.
There were older people who likeclearly had some sort of
business that they would resellall of this.
Like it was, Wild people whojust collected vintage antiques
(35:01):
and the vases and Yeah, it waslike a madhouse.
MIC1 (35:08):
madhouse.
No,
MIC2 (35:11):
I definitely checked all of them.
MIC1 (35:14):
I'm not selling
MIC2 (35:17):
Ethically, um, I'm not selling it, but I need to know
how much this is worth.
MIC1 (35:22):
much it is.
No, the
MIC2 (35:25):
No, the most expensive ones were like 500 bucks.
Yeah.
Okay.
But most of them were like 20 to80 dollars, which isn't nothing.
MIC1 (35:37):
How did you find this out?
MIC2 (35:39):
Reverse Google search.
MIC1 (35:41):
Oh, like the image.
MIC2 (35:42):
Mm hmm.
I took a picture, reverse Googlesearched it, looked up the um,
if it had a name on the bottomor something, looked it up.
Mm hmm.
MIC1 (35:51):
Okay.
Somebody walked out of therewith a couple of things worth
500 bucks.
MIC2 (35:56):
Yeah, I know.
MIC1 (35:58):
artwork
MIC2 (35:59):
I don't think there was any artwork to note.
There was this one photo of thislittle boy.
He was probably 5 years old.
Yeah, it was huge.
Probably like 18 by 12.
No, bigger than that.
18 by
MIC1 (36:15):
24.
the frame
MIC2 (36:15):
The frame?
The frame.
Right.
And the picture was so old andaged that this kid's skin had
turned grey and his eyes hadturned red.
He was a fucking demon child.
his hands looked way too big forbeing a five year old.
Like the more I looked at this,I was like, this is so weird.
(36:41):
Well, because you, you look atit and you're like, oh, it's
just a kid.
And then you look at a littlemore and you're like, wow, that
kid has really big hands.
And then you're like, oh my God,this photo's so aged.
His skin is graying.
And then you're like, and hiseyeballs are red
MIC1 (36:56):
Jamie, look, if there's one thing that I've learned in
all my years, Kids are thedevil.
MIC2 (37:03):
Someone took that picture, Lemme tell you.
MIC1 (37:05):
Wait, was it a photograph
MIC2 (37:06):
or anything?
It was, it was, a photograph.
MIC1 (37:07):
photograph.
That kid is in that picture.
MIC2 (37:09):
Maybe.
No, he's him.
MIC1 (37:11):
Let me, let me ask, when,
MIC2 (37:13):
um,
MIC1 (37:14):
did someone take this?
MIC2 (37:15):
Yes.
For the frame.
But someone took that picture,
MIC1 (37:19):
you should check on them.
MIC2 (37:21):
Well, one person took it off the wall and then I, like,
mentioned it.
I was like, did you notice howcreepy this kid is?
And they were like, we justliked the frame.
I mean people were takingumbrellas.
They took all the silverwareglassware Um golf clubs, which I
understand people were takingeverything
MIC1 (37:39):
I love it.
MIC2 (37:40):
Yeah.
MIC1 (37:41):
I'm stuck on this kid, though.
MIC2 (37:44):
I wish I'd taken a picture of the kid I mean just to show
you it's fucking creepy
MIC1 (37:49):
no, because then he would have ended up in your phone.
I'm with you.
No,
MIC2 (37:52):
he's probably in a video that I have of the unit
MIC1 (37:54):
I don't want to see it
MIC2 (37:55):
So if anyone's listening and interested in buying a
property in Rogers Park We'reabout to have a freshly
renovated three bed two bathseparate dining kitchen huge
beautiful vintage building notbe It's not haunted.
No.
MIC1 (38:12):
hands.
so Was he still in the
MIC2 (38:15):
in when they took the frame?
Yes.
Yes.
He was in the picture.
I've also been in there manytimes alone and there's no
vibes.
MIC1 (38:23):
Because the frame's gone.
MIC2 (38:24):
All good, vibes.
MIC1 (38:26):
Okay.
MIC2 (38:27):
So it should be on the market by April.
MIC1 (38:29):
Nice! Okay.
Just in time for the thick ofthe spring market.
Which starts, unofficially,Monday.
MIC2 (38:38):
Is the Superbowl this weekend?
Oh 1st.
I Who do you think is gonna win?
MIC1 (38:47):
17, final score.
MIC2 (38:49):
Oh, okay.
We're gonna hold you to that.
MIC1 (38:51):
Done.
MIC2 (38:52):
Um, don't hate me for this question.
Who does Travis Kelsey playmore?
MIC1 (38:57):
Um, Mr.
Swift plays for the Kansas CityChiefs.
You're welcome.
MIC2 (39:00):
Okay.
MIC1 (39:01):
Yeah, it's sunday.
So, um Who are you rooting for?
MIC2 (39:06):
you rooting for?
Okay.
Oh my
MIC1 (39:13):
my gosh.
Um not
MIC2 (39:18):
people.
MIC1 (39:19):
Oh, they've
MIC2 (39:22):
Um, Steve you?
Okay, cool.
MIC1 (39:27):
know?
Uh, the spring market startsMonday.
I know we just said that, butthat's very important.
So, do you get offers acceptedin multiple offer situations?
MIC2 (39:36):
talking about this today.
So, we say love letters are out.
MIC1 (39:40):
Love letters, meaning letters from the
MIC2 (39:43):
hmm.
But Anything creative, soanything that's going to make
your offer stand out.
I had a team member recently whohad multiple offers, two offers,
they were like essentially thesame, she said, that the, the
sellers didn't know how to makea decision.
They put in the same percentdown, same price, like same
terms, and the winning partyoffered a gift card to the
(40:06):
sellers for a restaurant.
I don't know about the legalityof that, but it worked.
MIC1 (40:13):
Well, I mean.
Technically speaking, then theiroffer was a little bit higher
than
MIC2 (40:17):
than the other person's.
Exactly.
Um, you know, there's a lot ofdiscussion right now about,
like, commissions.
And real estate so offering topay one side's commission, I
think is going to become a thingOffering to put earnest money
hard.
So your first thousand dollarssaying it's going hard whether
(40:37):
We close or not you get to keepthat
MIC1 (40:39):
my
MIC2 (40:40):
Um I'm giving away my trade secrets here.
MIC1 (40:43):
Yeah
MIC2 (40:45):
Um, what else?
I mean, honestly, you have tobutton up all of your terms.
So it's not just about price.
It's about price.
It's about closing.
It's about tax preparation.
It's about earnest money.
It's about your down payment.
And if a seller has five offers,they're going to look at every
single one of these individuallyand decide who is the most
(41:05):
qualified and who they think isgoing to get to that closing
table.
Cause you could have the highestprice, but if you're putting 5
percent down and 2, 000 inearnest money, And your tax
preparation, you're asking for110 percent and you're up
against an offer who's maybe alower purchase price, but they
(41:25):
have 10 percent or 15 percentdown and they're giving you 5
percent in earnest money.
That's definitely a safer optionfor a seller.
MIC1 (41:36):
Interesting.
Why?
MIC2 (41:37):
Why?
On all of that?
MIC1 (41:40):
Between those two offers, yes.
Why?
MIC2 (41:42):
reason I ask is
MIC1 (41:44):
ask is because I ask multiple agents this question
because I personally would liketo know why, because to me it
makes no difference.
MIC2 (41:49):
no difference.
It's, you know, people are wellqualified for mortgages, so the
likelihood of them closing arevery high.
So when you're comparing cash tomortgage, I think it depends on
the situation of whether one'sbetter or another one is.
at the end of the day, whenyou're talking who's going to
(42:11):
get to the closing table andmaybe who's more invested.
So earnest money is one of thosethings where, like, we know you
could get it back if somethingfalls through.
Right 99 percent of the timeit's not on the line But if
you're willing to give more upfront, it just shows a little
bit more commitment um, i've hadplenty of sellers who Looking at
(42:32):
two offers and one has lessearners money and they're
otherwise they're very similar.
They're saying oh this person'sputting a significant more down
in earnest money So it seemslike they're a little bit more
motivated and willing to putmore skin in the game
MIC1 (42:47):
Okay
MIC2 (42:49):
Tax proration when you're in a multiple offer situation
And you're asking the sellers topay 110 percent of the tax, the
latest tax bill, which wasprobably two years ago.
You don't know what those taxesare.
That's a disadvantage to someonewho's going to say to be
determined in attorney review,because that's going to be fair,
(43:10):
at least, or to someone who'ssaying 100%, because that buyer
is now offering to pay anyincrease in taxes on the
seller's behalf.
So it's all these little detailsthat are gonna help you in a
multiple offer situation.
MIC1 (43:26):
You made mouth noises.
Someone throwing it out there.
Yeah.
Oh, I've heard them a few times.
I just want you to know.
I know.
It's gross.
not gross, Jamie, but it's anatural bodily function.
MIC2 (43:35):
Well, it's kinda gross, but anyways, yeah.
MIC1 (43:39):
Well, thank you for that information.
MIC2 (43:41):
You're welcome.
MIC1 (43:42):
What else you got?
MIC2 (43:44):
How time
MIC1 (43:46):
What time is it?.
MIC2 (43:47):
it?
Well, shit.
thank you everyone for listeningto another episode of Realty
Chicago.
(44:08):
If you are interested in sharinga story, or finding us on social
media, or just connecting insome way, you can find us on
Instagram,@RealTea Chicago.
You can also email us atRealTeaChicago@gmail.com.
We do have a TikTok the RealtyChicago podcast.
and I've got a Google form ifyou wanna fill it out.
(44:29):
That's gonna be linked on ourInstagram
MIC1 (44:31):
our anonymous stories.
MIC2 (44:32):
Yes, so find us and let's connect.
MIC1 (44:37):
Signing out.
MIC2 (44:39):
And we're done.
MIC1 (44:40):
Okay, bye! Bye!
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I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.