Episode Transcript
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Speaker 1 (00:00):
Welcome to the
Everyday Millionaire Show with
Ryan Greenberg and Nick Kalfas.
Alright guys, welcome back toanother episode of the Everyday
Millionaire Show.
We're here, hopefully the lastepisode in the basement.
Speaker 2 (00:17):
We've heard that
before.
Speaker 1 (00:20):
Our office is
officially closing on Thursday
of this week, so hopefully thenext episode will be in our new
space.
So a couple things that Iwanted to cover today.
One, the viral video and allthe comments that people
completely broasted me.
Definitely need to talk aboutthat.
We're going to talk about that.
We're going to update and talkabout our training and how that
(00:43):
has been going.
We have this.
Iron man race is officiallycoming down to like four weeks.
I'm talking about it for like ayear now, so it's coming you
don't sound too excited about it.
Speaker 2 (00:52):
Five years four or
five weeks away.
I'm excited.
We'll talk, we'll talk, we'lllet him get through his little
spiel and that's it.
Speaker 1 (00:59):
I don't know what
else.
There was something else, but Ijust forgot the plane oh, I
don't know if we want to talkabout that yeah, maybe not.
I don't want another no um,buying a private jet and renting
it out as a business plan andthe write-off expense did you?
You could write off the entirepurchase of a jet on your taxes.
(01:22):
Just just's, just just sayingjust do it for thought um, all
right.
So first a stupid video thathad me talking about my broken
boat and how this is your brokentrailer well it started with a
broken.
You know broken boat, so Icalled this company to fix it.
Speaker 3 (01:44):
Poseidon marine in
tampa right, you named it, oh I
named, dropped it now, yeah andput it in the comments, but I
didn't even know what the namewas I put it in the comments too
.
Speaker 1 (01:55):
Um, yeah, they, they
just they ended up screwing me
over.
I said on the video the wholetrailer was eleven hundred
dollars.
I was obviously being facetious.
I actually don't know how muchthe trailer is worth because I
bought it with the boat as apackage a new trailer like.
That's probably right aroundsix to seven thousand dollars
(02:15):
okay, so I was off on that and Igot it, but a used one would
you can probably get a news used, one for you know 2500, 3500
yeah, but there was a level ofsarcasm there.
Speaker 3 (02:25):
Yeah, no for sure,
like I mean it's a cheap trailer
.
Why am I spending a third ofthe price?
Of the price of breaks, yeahbreaks that I probably won't
even use or need or whateveryeah, so anyway.
Speaker 1 (02:36):
Um.
So yeah, I don't know how muchI paid for the trailer, but some
of the freaking comments, manwere funny dying.
They were funny as hell dyingso that video what was weird too
for anybody that like is asocial media guru that uh can
answer this that video wasposted for a few days, didn't
really do anything.
Then another video that weposted, and when that new video
(02:59):
got posted, this one got amillion views, 1.4 million views
in like 24 hours.
So it was like alreadymarinating.
Speaker 3 (03:06):
It was already like
posted for several days yeah, I
think like once the engagementin the comments starts to pick
up and then it just, whetherit's negative or positive, it
just picks up.
Oh, there was negative yeah, Idon't.
Speaker 2 (03:18):
I don't know if, like
, facebook was just testing,
like an algorithm thing or what,like they were just saying, hey
, let's push this out.
And then they pushed it out andpeople started commenting and
that's what blew it up or what.
But, um, I, I had texted ryanthat day and he, like, I just
like saw the video and I waslike, dude, where am I at like
(03:38):
300k on this, this video?
And uh, he texted back.
He's like yeah, I'm gettingroasted in the comments.
Speaker 1 (03:44):
So I go look at the
comments and they were ripping
him a new one.
Speaker 2 (03:48):
Like people were
saying, his trailer was from
timu that was such a good one,he said yeah $100 trailer.
Speaker 1 (03:55):
Would you get it from
timu?
Speaker 2 (03:57):
that's a good one
they revoked his man car because
he couldn't change it.
Some guy was like he was likecry me a river, you rich like
yeah you know I can't say therest, but yeah, he was saying.
Speaker 1 (04:07):
Somebody said like oh
, if you were a man you'd fix
yourself.
Speaker 2 (04:10):
I'm like I'm a
thousand miles away yeah but it
was funny because, like otherpeople, were arguing with other
people in the comments they werelike, if you watch the video,
like did you even listen to whathe was saying?
Speaker 1 (04:21):
I'm trying to find a
thousand.
Get to some of these thousandmiles away.
Speaker 2 (04:25):
But, um, it was just.
Yeah, it was interesting.
But I texted ryan back that daybecause I had on on tiktok,
like I've I've been there, I'veexperienced that before and I
was like dude, like welcome tosocial media and the internet
trolls, but also at the rate atwhich this is going, like we
were at 300, I look back andwe're at 350 and it was only.
(04:46):
It only been like 15, 20minutes and I texted him.
I was like dude, this is gonnahit a mill today.
And then it did yeah but it'sjust like I was telling him when
the views and the engagementare just that fast, it's just
it's getting pushed out.
So yeah, so I guess that's theimportant thing is just getting
that engagement, whether like.
Speaker 3 (05:03):
So I guess that's the
important thing is just getting
that engagement, whether like.
We can start that engagementourselves right, because it's
the every millionaire show, andthen we have our individual
facebook uh uh pages and we cancomment on there and start like
going back and forth and thenseeing on future videos.
Speaker 2 (05:18):
You can yeah, if it
may pick it up yeah, sometimes.
But the other part is like thatengagement was all organic from
people outside of our following.
So, like what facebook does andlike this, we're like diving
deep into like the algorithmhacks and stuff like facebook
knows who's following who andwho's friends with who.
(05:39):
So, like, when you start tryingto hack the algorithm to get
engagement, facebook kind ofpenalizes you for that.
Speaker 3 (05:46):
Oh, really yeah.
Speaker 2 (05:48):
Because then they'll
just push it out to your friends
they think that your friendslike it.
So, then they'll just startpushing that content out to your
friends.
But what do you got comments.
Speaker 1 (05:57):
Dude just, oh man too
funny.
Speaker 2 (06:01):
Some of it you can't
even say man yeah.
Speaker 1 (06:06):
Well, rich people's
problems are so painful to hear
about.
How do they manage?
Have you any other boringstories, dude?
Some of those are some things Ireally mean.
I don't even want to say someof the words, but it's funny.
I mean I could definitely seehow, when people get really
famous, how you just can't readthe comments ever.
Speaker 2 (06:29):
Yeah.
Speaker 1 (06:31):
Because imagine
everybody actually knew you.
Like I don't know, you're somecelebrity and you read your
comments.
You just ultimately have to bedepressed.
Speaker 3 (06:42):
No, I mean, I see it
in some form, but like, when you
get to that point, it's likethey're just words that you
don't really care about.
You don't care who's saying it,or whatever yeah, and that's
what you know.
The same way, with this you canlook at it like like who cares?
The people that are talkingshare to the people that don't
have shit, basically so yeah,well, that's what I told him.
Speaker 2 (07:01):
I was like welcome to
the internet.
And I was like but at leastyou're getting made fun of by
people on the internet who'snever met you or seen you like
dude.
My dad used to make fun of mefor making tiktoks dude.
He would like record me doingthe videos of me dancing and
stuff and like you know.
So, like it is what it is, butit's, that's the, that's the
internet for you I would havemade fun of you too.
Speaker 1 (07:19):
Yeah, I mean that's.
It's fair it.
Speaker 2 (07:22):
It's a valid point.
Good you know whatever.
But, I got sponsorships andstuff so I wasn't mad about it.
Speaker 3 (07:31):
I just want to know
where you get an $1,100 trailer
from, because I need one of them.
Speaker 2 (07:34):
man Team you.
Speaker 1 (07:35):
Oh my God, Now I got
to get the trailer appraised.
I'm going to call a trailerappraisal company and get my
trailer appraised And'll post iton the on facebook so everybody
could see put it in thecomments very transparent
exactly how much it is, whetherit's 3 000 or 5 000, like I have
no idea um, but well, you haveto get it appraised and tell
(07:56):
them that you didn't just get.
Speaker 3 (07:57):
You got the brakes
done right, yeah they did the
brakes yeah, so when you get theappraiser out there, just have
him appraise it without havingnew brakes, because I wanted to
know what the value was beforethey put $1,100 into it.
Okay, that might not evenincrease the value at all,
actually, I don't even thinkthey replaced the brakes.
Speaker 1 (08:13):
I think they just
bled them or did something
stupid to get them working.
I have no idea what they didhonestly.
They probably didn't even doanything.
They just charged me elevenhundred dollars and didn't do
anything.
Yeah so, anyway, the boat isstill not.
I mean it's, it works fine.
(08:34):
It was just a rod holder thatbroke off, but like just
annoying.
I went to this whole processand yeah so, but ultimately we
got a viral video out of it, sothat eleven hundred dollars went
to good use.
Got a couple, maybe like athousand, followers on Facebook,
so that's good.
Next, what did I say we weregoing to talk about?
Next, the office.
(08:54):
I think.
Did I say the office?
Speaker 2 (08:56):
I don't know if you
said the office, maybe not.
Oh, our training.
I'm just excited about theoffice.
Speaker 1 (09:01):
I know I'm buying
Chase his own little place to
raise his chickens.
I get some eggs, um, oh yeah.
So the, the race that we'vebeen talking about on this
podcast for like a year, it'sfinally four weeks away.
I think four or five five years.
Speaker 3 (09:19):
Yeah, it's already
april.
Yeah, it's close I've been.
Speaker 2 (09:22):
Last this weekend I
like just jumped on youtube
because I hadn't looked atanything.
Chattanooga was like I'd justbeen kind of ignoring it, to be
honest, like kind of putting itoff, and uh, our training's been
ramping up so I'm trying tofigure out, like the course
layout.
You know that, the elevationgain, like the swim map and
everything like that.
So, like this weekend I lookedinto it and watched some videos
and it's actually a super coolrace.
(09:44):
Like there's so many supporters, like part of the bikes on the
highway and there's likesupporters out on the highway
with signs.
So I was, you said I likesounded depressed.
I'm depressed because it's alot of work and time.
Um, I'm not depressed, but yeah, I wouldn't say depressed just
it's, it's work, I mean.
Speaker 1 (10:01):
So saturday we did a
two and a half hour bike and
then ran five miles.
Sunday I ran 10 miles, swamover a mile.
Is that yesterday, biked andran today?
it's like every day and liftedweights each day too yeah that
was a cherry blossom on sundayright, that's where you went
(10:24):
yeah, yeah, so just a lot oftime spent freaking working, but
it'll be worth it, it's gonnabe fun.
We have a good group of peoplecoming, like there's like 15
people or something.
I think 12 people are doing therace, 16 people maybe a total
are coming, so nick, are yougonna come and hold a sign for?
Speaker 3 (10:44):
us chattanooga,
tennessee, okay paint.
Speaker 1 (10:48):
Maybe you can paint
yourself like a color yeah,
that'd be cool um, but yes, weare still.
We're picking up with our runclub on wednesday uh, wednesday
morning at 6 30 at la fitness inpasadena.
Whoever wants to be there torun, I'm trying to.
We went to St Pete and saw thisrun club, remember that.
Speaker 2 (11:10):
Yeah, it was like 100
deep A hundred.
Speaker 1 (11:12):
I think that was
generous.
It might have been more likehundreds of people in this run
club, so I'm trying to blow itup here too.
I think, we're up to like sixright now.
Speaker 3 (11:25):
Six people.
Speaker 1 (11:28):
So yeah, wednesdays
630 Pasadena.
Speaker 2 (11:31):
And it's just a
casual run too.
It's not like anything crazy.
Speaker 1 (11:35):
We never try to kill
anybody.
So if you're trying to go,nicky boy trying to get back,
yeah.
Speaker 3 (11:41):
Yeah, I mean, with
the warm weather coming, I think
it's a good time to get usstarted um, did you buy a boat?
Speaker 1 (11:47):
speaking of going
back to the boat thing, yeah,
I'm picking it up tomorrow whatI saw, that on your stories or
something, what'd you get?
Speaker 3 (11:56):
I got a monterey m65
what uh, how big uh, 26 and a
half 26, nice, that's nice.
Speaker 1 (12:06):
A boat and you have a
boat lift at, yeah, yeah I just
got it fixed.
Speaker 3 (12:10):
Um, like the
controller was burnt out and I
had some guy come over and fixedit for like 100 bucks nice and
he like angled the bunksproperly to fit my boat, which
was pretty cool, nice it's yourfirst boat I have a pontoon boat
that we keep at the oceanduring the summer, but it would
be.
Yeah, where do you have apontoon boat that we keep?
Speaker 1 (12:25):
at the ocean during
the summer, but it'll be.
Yeah, where do you keep thepontoon boat in the winter?
Speaker 3 (12:30):
I have my parents,
yeah, yeah, they have like a
what's next to their propertyand a long driveway, so I just
keep it down in the back nicevery cool chase I'm the only one
by boat chase I know kristensaid that we have to buy a house
first.
Speaker 2 (12:43):
She's like we need a
single family before you don't
need a boat chase I know kristensaid that we have to buy a
house first.
Speaker 3 (12:45):
She's like we need a
single family before you don't
need a boat if you have friendswith boats, so you're good.
Speaker 1 (12:48):
Yeah, I know, that's
true, that is very true.
Um, so I know there was anotherthing that we're supposed to
talk about right now, after thishmm, carl, edit this out.
I don't know also I will saylet's, I'm gonna get this out
(13:10):
there, because I told him I'drecord a video.
But eric campbell, our youtubeconsultant, I'll call him right?
Is that what you would call?
yeah um, he is handling likecutting up videos, getting
shorts posted and videos postedat the right time and tricking
the algorithm or doing whateverthose young guys do and figuring
(13:30):
it out.
Um, so shout out to ericcampbell.
He's been doing a great job.
Our views are like through theroof, um, tens of thousands of
views more than what we weregetting before, um on youtube
specifically, so he's been agreat resource for us, um, and
yeah, so shout out to eric notonly that, stand up dude for
getting in the comments andfighting for you.
(13:51):
Man, it is, it was great,fucking hysterical that he was
in there battling with thesepeople in the comments and I'm
like hell yeah, that's what.
Speaker 2 (14:00):
That's what I'd like
to see like eric's, not even in
maryland, like he's a virtualguy that we met.
Speaker 1 (14:05):
Oh, that's so funny
though the comments are, we're
yeah, there's battles going on,but yeah, no.
Shout out to eric.
So that's been cool to see that, growing like the, the youtube
channel, that was the hardestthing to grow, I feel like the
youtube is really, really tough.
Speaker 2 (14:19):
I saw a statistic
today that said only 33 percent
of podcast listeners watch video.
Speaker 1 (14:25):
Yeah, so that's a
tough cookie to yeah, really.
I think maybe it's gonna goleaning more towards like the
youtube shorts yeah, and that'swhere a lot of people would take
in our content and hopefullycross and into what listening
audio listeners, um, but yeah,so that's cool nick.
(14:48):
Have you bought anything, soldanything?
Speaker 3 (14:51):
I just sort of
flipped yesterday and I was
supposed to buy a house today.
And here's a quick little storyI was supposed to buy a house
today it was from a wholesaler,so obviously it was a you know
different title company than Itypically use and I got to hud
we didn't have a time scheduledyet, but I got it yesterday I'm
reviewing it and there was afour thousand dollar water bill
(15:13):
um credit on the seller side andthey tried to charge me that
four thousand dollars.
And yes, technically, like if Ipaid the seller four grand and
I have the four water credit,yeah, that credit is essentially
mine, but I won't see that forthree years.
So why would I want to put up$4,000 of that credit to pay now
(15:33):
when I won't see the return ofthat for many years to come?
So I told them I'm like I'm notpaying a $4,000 to the seller
for their $4,000 water credit.
Like how do you even get a$4,000 water?
The seller for their $4,000water credit, like how does this
?
How do you even get a $4,000water credit to begin with?
And like the seller can takethat out with the water
department.
So we didn't close today.
I'm still trying to work backand forth with the wholesaler
(15:54):
and the seller to see whatthey're willing to do, if the
wholesaler is willing todecrease their assignment fee
and if the seller is willing todo something with not accepting
the whole amount.
But in my opinion I just don'tthink it's it's fair for me to
be punished by putting out fourthousand just because the seller
had a four thousand dollarwater bill credit.
(16:15):
What's your take on that?
Speaker 1 (16:16):
uh, so they prepaid
four thousand dollars to the
beach yeah, but the water bill,yeah, but what probably happened
was the city was billing themwrong, right?
Speaker 3 (16:26):
yeah, which happens a
lot.
Speaker 2 (16:27):
Yeah, I don't think
anyone would take four thousand
dollars to hear a water bill soI mean, in my eyes, though, that
, unless the wholesaler has beenpretty transparent, that seller
thinks that the buyer is goingto take over right, and he's
buying the house and he's goingto take over and own it for
enough time to use that fourthousand dollar water credit.
(16:48):
So, like I don't really faultthe seller, but it's, it's
nobody's fault really you knowwhat I
Speaker 3 (16:53):
mean so like yeah, I
don't.
Speaker 2 (16:55):
I don't know what you
would do in that situation.
I mean, I guess I would justtell the seller to take it up
with the water company.
Speaker 1 (17:00):
Yeah, the only other
thing you could do is tell them
that you want the payment, butyou'll pay them back as you
receive it oh, like pay.
Speaker 3 (17:11):
Like not pay any at
closing, but as new water bills
come in, pay the seller yeah, Imean, are you flipping or are
you keeping it?
I'm probably gonna keep thisone, which over time, yeah, but
then you know, that's just thesurface of it.
And then when I get a tenant inthere, if a tenant checks the
water bill online and they thinkthat they don't owe anything,
but that's just like a wholeother thing the main thing is
like why would I prepay a fourth?
(17:33):
I'm basically prepaying thewater bill $4,000 at settlement.
That doesn't make any sense tome at all.
Speaker 2 (17:38):
Yeah.
Speaker 3 (17:39):
When I have a tenant
in there, the tenant's going to
pay that water bill right, socertainly doesn't make sense.
Speaker 2 (17:43):
Yeah, it doesn't help
you with the way things are
going on expenses.
Speaker 1 (17:47):
The four thousand
dollars only last you a couple
months.
Yeah right, yeah, oh, thisperson has a four thousand
dollar.
What about credit?
Speaker 3 (17:53):
let's try to make
their like there's a leak there
and drive up the bill.
There's been properties thatare occupied right now by
long-term tenants and the waterbill would stay consistent.
Let's say just just an examplelike 120 a month, right, and
then, like for like three monthsin a row, it spiked up to like
$300.
Nothing changed, no repairswere done, because we go to the
property check it, nothing needsto be done, no toilets running,
(18:14):
no, nothing.
And then, like three monthslater, it drops back down to
that same 120.
We're like nothing happened, wedidn't do anything, we didn't
fix anything, we didn't noticeanything wrong, we didn't notice
any tool that's running, andthen it just magically drops
back to the normal rate whichdoesn't make any sense, and
that's you, baltimore City.
We're watching you.
Speaker 2 (18:32):
Yeah, yo speaking of
I guess this is not the city
Towson is technically.
Baltimore County right, Did youguys see that kid that got
suspended for pointing out tothe baltimore county school
board that there was not a flagand a couple of his american
flag in a couple of hisclassrooms?
Speaker 3 (18:50):
no, yeah, he got
suspended for that suspended and
trespassed.
Speaker 2 (18:55):
So apparently he
brought it up to the vice
principal a couple times and thevice principal said he'd look
at, look into it, and it'sactually the.
This is the crazy part.
It's actually a maryland lawthat states every classroom in
the state of maryland has tohave a maryland flag and
american flag, and so he wasjust pointing that out and he's
(19:15):
actually going to join themarines when he gets out of high
school.
But he asked the vice principalhey, can you take a look at
this?
Didn't come back a couple timesor whatever.
And then he goes to the boardin towson and he asked to speak
to a supervisor and they didn'tlet him in.
And then they trespassed andthey call the cops.
He has a video on it.
Speaker 1 (19:32):
It's crazy I just saw
it on the news uh on facebook,
but damn, absolutely crazy.
Speaker 2 (19:38):
Baltimore county city
.
You guys, that's some wild,acting wild.
Speaker 1 (19:44):
So that's a law,
though, to have a flag in every
classroom.
Speaker 3 (19:49):
Mm-hmm.
Speaker 1 (19:50):
I didn't know that.
I don't think I had a flag inmy classroom when I was a
teacher.
Speaker 3 (19:53):
You probably took it
down.
Speaker 1 (19:57):
Definitely didn't do
that.
No, no, I had the most Americanclassroom.
Speaker 2 (20:00):
Yeah, I didn't know
it was either until recently,
hmm.
Speaker 3 (20:07):
Interesting.
I mean there's still yeah, Ididn't know it was either until
recently interesting, I meanthey still the like the pledge
of allegiance too right, I don'tthink so, dude, they don't do
that anymore.
Speaker 2 (20:12):
No, I think they do
maybe at the beginning of the
day, doing it every hour, everyclass face the flag.
Speaker 3 (20:20):
so if those
classrooms didn't have a flag
like, how would would they Right?
That's crazy.
Speaker 1 (20:26):
I just thought of
something funny to say, but it
might get me canceled.
No say it no, no, no.
Go viral again, man, no, no, no.
One viral video this week isenough.
Got it Now.
I can't get this joke out of myhead, but Whisper it in my ear.
Yeah, now I can't get this jokeout of my head, whisper it in
(20:48):
my ear.
Speaker 2 (20:48):
Yeah, so but that's
the only thing you've bought
recently.
Is that what you're working on?
I bought that one.
Speaker 3 (20:54):
Bought one, maybe
like two weeks ago, pig town.
I have another one um, anotherone under contract that should
be settling on.
We're just waiting for a liencertificate to come in.
Speaker 1 (21:06):
That should be next
week um yeah, that's pretty much
it we can um talk about kind ofwhat we're doing with like the
pre-selling things and the newconstruction yeah so we're um
currently under contract on twolots um, one in annapolis, one
in shadyside and we're building.
(21:27):
We're going to build them, butwe're waiting on building
permits.
While we wait on the buildingpermits, and we're doing this
with a house in the city as welland a couple other ones, but
pre-list it.
So we're listing it with justlike renderings and like the
drawing and footprint orwhatever, and then allowing
people to customize the buildout um, and with renovo funding
(21:53):
we don't pay any interest on theescrow.
so we haven't essentially andwe're kind of seller financing
the lots, so we really don'thave to pay any money while we
wait.
Yeah.
Speaker 3 (22:07):
Especially when
you're doing a big build like
that, like you don't want to bepaying interest on money that
you haven't even used yet.
Speaker 1 (22:11):
Right.
So like that build out, I'mimagining we'll probably borrow
like 350, 300,000 or 350,000.
We won't pay any interest onthat until we start using it
we'll only pay incrementally aswe start using it.
So we're going to focus on acouple of those this year and
yeah, yeah, it's a it's a coolniche.
Speaker 2 (22:30):
Um, I'm doing some of
tyler's like pre-listings.
He's they got him and hispartners have a few uh in locust
point and he's buying some morein luzane.
We have an investor that we'redoing it with right now.
So it's like a cool nichebecause it's like semi-custom
but it's not fully custom.
So you're not like letting themlike change layouts and do all
this crazy stuff, but you aregiving them opportunity to like
(22:52):
change tile and paint the houseto color out their finishes.
Yeah, and and yeah, pick outhardware and stuff like that.
So it's a very unique niche andit's popular.
Man, I'll tell you what, likeI'm getting absolutely blasted
in locust point for those houses, so yeah, that's cool yeah,
it's, it's a really cool thingand then, like just being able
to like talk to the people andthem being like have the vision
(23:13):
in their head and they're like,oh, I want to do this and that
it's cool to see people excitedabout buying houses I mean even
our last flip.
Speaker 1 (23:19):
Um, at the end the
neighbor's brother ended up
buying that house, that bighouse that we're doing over here
, and he at the last minutewanted to upgrade the um
driveway and I'm sure his thisbrother said that he wants to
get some stuff done in thekitchen in his kitchen across
the street, I think, orsomething.
The wife was saying that.
(23:39):
Um, so that was cool, likeliterally put the sign up.
These people called and theywere right across the street.
They ended up.
We went under contract beforewe even went live.
Speaker 2 (23:51):
We didn't even list
it so yeah, I actually got a
call today from a broker who wasdriving by and saw it and
wanted to buy it.
He said, uh.
He said, and how big is the lot?
And I was like, oh, it was anacre.
He's like only an acre.
I was like, so we're in a park,dude, what are you going?
Yeah?
Speaker 1 (24:10):
How many acres do you
want?
Um, but yeah, that was, thatwas a that, that one.
We locked it in and called in alot of favors for people not to
buy it or bid it up, Because Ifelt like that one could have
got bid up more.
It made it not as desirable ofa deal, but we locked it up, we
(24:33):
got it done, so it's a winner.
It's going to be a winner,unlike Lakeston right now Our
other one is coming close tobeing a loser.
It's so annoying so we couldtalk about this actually like
how this kind of went down.
So we went contingent thepeople that were buying it had
to sell their house all right,hold on, let's backtrack a
(24:56):
little bit here.
Speaker 2 (24:57):
We go live on the
market.
Within the first week we hadlike 14 showings, like
absolutely blown up.
We had people saying they'reabout to write an offer.
We got an offer within what wasit like?
The first four, you know fiveor six days, whatever it was.
And um, so we go under contractwith the first buyer.
His financing starts changing.
(25:17):
It gets weird and we're justlike all right, we're not
comfortable with like you're,you were contingent on having to
just rent your house, nowyou're contingent on having to
sell your house.
You're changing lenders.
It was just a lot of weirdstuff that was going on.
So we backed out of thatcontract.
He had an inspection donealready, so we knew the things
that we needed to fix because hehad the inspection.
(25:38):
So we go under contract againwith the second buyer and we had
already fixed that some of thethings from the inspection.
Well, that buyer had theinspection before we fixed those
things and they just saw thethings that were on the
inspection.
Like all right, we don't wantany of this.
And so they didn't even give usan opportunity to like fix
(25:59):
anything.
Um, I guess they just thoughtlike craftsmanship, like hey
none of it was a big deal either.
Speaker 1 (26:04):
It was all like
stupid stuff yeah, first time
home buyer probably.
Speaker 2 (26:08):
Yeah, they get
spooked about a little, yeah so
I'm sure they were like you guysmissed this, like what else are
you missing?
But you know, nonetheless, theydidn't even give us a chance to
like, fix it, so they just backout so that that was the the
second buyer.
Speaker 3 (26:22):
They looked at the
first buyer's home inspection
report.
Yeah, how'd they get that?
Speaker 2 (26:26):
we sent it to them.
Speaker 3 (26:26):
Oh, you guys sent it
to them, yeah thinking that it
was just you know stuff that youwere gonna fix.
Speaker 2 (26:30):
And yeah, we and we
told them like hey, like there's
a couple things on there thatwe're gonna fix, but here's the
inspection.
You don't have to pay for it.
You know, we locked them in atfull, asking too.
Speaker 3 (26:40):
So, um, they were
trying to negotiate and that was
part of our negotiation didthey request additional things
and like, in addition to whatyou guys had already planned to
fix, or did they just see thingsand just get spooked and just
wanted to?
Speaker 2 (26:51):
back.
No, yeah, it was like the thirdday.
They saw, like saw the report,and just they were like all
right, no, we're good.
And they backed out yeah, thatthat might.
Speaker 3 (26:59):
Yeah, I guess that's
a little tricky because maybe
they in their head they couldalso be thinking like why do
they have this report?
Why did they go under contractand fall out of contract?
Are are they telling the truthabout why they fell out of
contract?
The first time, sure.
So I mean, I guess it's alwayslike you never know, like should
you just give them thathomosexual report or should you
just allow them to like run thecourse how they should and just
order their own home inspectionand let that come through and
(27:21):
maybe get some different itemsthat may pop up or whatever,
just to make it a little biteasier?
Speaker 2 (27:26):
yeah, I think that's
a fair point, um, something that
we should definitely ab to usnext time.
But you know, again, we got outof contract with them
nonetheless and that first buyercircles back and he's like, hey
, I have my house on the marketnow.
So we're like, all right, he'sgot the house on the market,
it'll probably be dc, it'llprobably be sold within, you
know, 30 days, 40 days, whatever.
(27:47):
But that was right before allthe layoffs.
And you know, we get undercontract.
No kick out clause, no, nothing.
We gave him 30 days to sell hishouse, basically, and I don't
think he let us back out untillike the 21st day.
So he held us up for an extra21 days.
We'd been under contract and nowwe can you, you can still be
(28:08):
live pending like you can beactive under contract yeah but
not a lot of agents show housesthat are active under contract.
Speaker 1 (28:18):
So yeah, so that one
just kind of sat dead for weeks
and weeks and weeks and then wewent back live and we've had
show.
This is such so weird too, likewe've had showings.
Feedback comes back where it'slike how did you like this thing
?
Excellent, are you interested?
Maybe like how did you thinkabout the price?
(28:38):
Just right, like all positiveshit, yeah, and like they're not
making it offers like multiple.
I look on these things and I'mlike, okay, this is good, this
is good, I'm waiting for thatkicker.
Speaker 3 (28:50):
Like yeah, price is
too high I had a last question
like why did you?
Speaker 1 (28:54):
not.
What would you rate this?
Five out of five, I'm like okay.
Speaker 3 (28:57):
Well then, write me
an offer, baby, come on right,
it's too good to be true.
Speaker 2 (29:00):
Yeah.
Speaker 3 (29:01):
It's going to go too
fast.
I'm going to let the otherbuyer have it.
Speaker 2 (29:03):
Yeah, I just I don't
get it.
I keep texting him.
I'm like I don't understandwhat's going on down there.
Speaker 1 (29:09):
I don't know, but
we're working on it.
Speaker 3 (29:11):
So if you're out
there and you're listening and
you we got you Are you guyscalling the people who are
giving the good feedback andsaying, hey, are you guys going
to submit an offer?
That's a good question.
Speaker 2 (29:21):
Nick, yeah, I mean, I
think our agent is you think
it's what he says he's doing.
Speaker 1 (29:27):
The agent that works
for Chase.
Speaker 2 (29:30):
Well, that's what he
says he's doing.
Wait, who's the agent?
Speaker 3 (29:35):
Justin.
Oh, but yeah, anyways, he sayshe's calling him, so I believe
him, yeah I mean, I'm not sayinghe's not, I just didn't know if
you guys were yeah, yeah, soand it's dude it is.
Speaker 2 (29:48):
It is challenging to
get hard.
Uh, get a touch of agent, getsurprisingly right.
Speaker 3 (29:53):
It's like it's.
Shouldn't they be answeringtheir phones, yeah?
Speaker 2 (29:56):
even when I call
agents to like ask them like I'm
interested in, like personallyI'm interested in buying the
house it's hard to get in touchwith.
I'm like dang, how are yougonna sell?
Speaker 3 (30:04):
the house.
Why post it for sale if youdon't want the phone calls?
Speaker 1 (30:07):
right.
So, dude, I just realized.
Yesterday I started taking the.
I have some continued educationI need to do for my license oh,
me too, I gotta have it done byapril.
Speaker 3 (30:17):
Oh, it is april,
april 20th mine's may 11th, I
think.
Speaker 1 (30:22):
But dude, the one um
literally said like there was a
question that said, like genderis a um, like literally it was
like there are more than twogenders, gender is not connected
to your biology and I was likethat's a wild take for realtor.
Speaker 2 (30:41):
Like uh association
to have like why like shut up.
Speaker 1 (30:47):
I just I hate that
that's like so like didn't we
get rid of that idea?
Speaker 2 (30:53):
I thought so, but I
don't know I don't know that.
Speaker 1 (30:56):
That to me was just
weird.
There's so much in that umcontinued ed that's so
unnecessary.
Speaker 2 (31:04):
But 10 and a half
hours I'll be there clicking,
click, click, click, click awayhow do you find out where that
like, when that's due, do youget an email?
Speaker 3 (31:12):
well you should have.
I think you have to renew itevery two years, right, two
years I got an email saying thatI was gonna lose my license
yeah oh, and you have.
I think.
I'm not for sure, but I thinkyou have to start doing it like
way before your stuff expires,whereas before it was like you
can do it up until like the lastday.
But I don't think they want youdoing that anymore.
I think they at least want youto wait and do it.
Speaker 1 (31:34):
You know mine's
getting done time before.
Speaker 2 (31:35):
Very much last minute
yeah, so it's like nix's too I
mean, I know, this is more lastminute mine's, so I don't think
mine renewals this year it's.
Speaker 1 (31:47):
It had to complete
like an ethics class I have a 20
hour like the middle of thismonth.
I have a 20 hour train ridecoming up, so plan on banging
out a lot of stuff on that trainride.
Speaker 2 (31:58):
Yeah, that's my plan
I was gonna say a joke, but I
can't I was gonna say a joke too, but I can't oh goodness um
that's funny.
Speaker 3 (32:08):
Should we just have a
private channel and just say
them?
Speaker 1 (32:11):
yeah, yeah, we could
just clip this for just the
facebook group yeah, I, I needto get the.
Speaker 2 (32:19):
I mean, most of our
agents are new, though, so like
they're not even close to theirtwo-year mark, some, I mean some
of them are, but I need alittle tracker or something that
yeah tracks their ce renewals.
Speaker 1 (32:29):
Yeah, we should
probably be tracking their
locations too.
Oh man, I am, I'm on it.
Um, what else we got?
What else we got guys, I don'tknow man, trying to build more
businesses?
Really, I'm kind of tired ofbuying real estate and doing all
(32:51):
these flips and making a couplegrand or whatever.
I really want to build anotherbusiness or buy a business.
I'm like some insurance kind ofbusiness, like an insurance
restoration company or somethingI was looking at one locally
yeah, I don't want to say toomuch.
Speaker 3 (33:08):
You mean like a
restoration company that does
like insurance work?
Speaker 1 (33:11):
yeah, yeah because
that's like the market, that
we're not touching on thecontracting side as much like
the insurance stuff.
So I feel like that's somethingthat I could, uh, could, grow.
The idea is really, if we couldjust like increase the revenue
of what we're doing now and putit with another business, we can
(33:33):
package it up and resell itdown the road for a whole lot
more.
Speaker 2 (33:38):
Speaking of selling,
uh, we just had a consultation
with purple plum, who doesdesign consultations for like
crms for mondaycom.
So we're like building thislike custom crm that's gonna fit
, like it's gonna house, likethe cancer group, uh p home
buyers and p home remodeling,and try to be able to track,
(34:00):
like construction sales, p homebuyers transactions, the cancer
group transactions should bepretty cool, but I don't know
how any of it works yeah, it'svery, very confusing.
I'm leaving it up to young chaseto figure it out and it's just
a management system at the endof the day, just client, you
know, client management systemthat can manage projects and
(34:21):
manage, manage them throughouttheir life cycle.
And basically we can be able totrain some of our agents who
have clients that need to gettheir houses ready for market.
We can train them to sell theconstruction up front without
the client having to come out ofpocket, and then when we close,
ryan gets paid, they get paid,everybody's happy is that what
(34:42):
was posted earlier?
the um tyler posted somethingabout yeah, yeah, so we've been
doing this.
Um, I actually just did it inmy neighborhood.
Um, we did it somewhere else.
Where else did we do it?
Piping rock, yes, piping rock,my neighborhood, that was your
(35:02):
neighborhood, and so, like Imean, for piping rock, for
example, that was 30 grand thatthe seller didn't have to come
out of pocket for up front.
We did all the work, got itmarket ready, sold it stressful
so do you want to work up front?
Speaker 1 (35:16):
yeah, because I was
sitting on a thirty thousand
dollar bag and we were and theseller wasn't being realistic
with an offer, like taking anoffer yeah, that's another thing
to worry about, and you're notgetting any interest on that
money that you put up, right?
right, right.
Well, that's another thing thatyou kind of have to like
negotiate like you.
You have to like jack up theprice a little bit to cover that
you know expense of holding themoney out.
(35:37):
But then you got to manage this, the client, and make sure that
they accept a reasonable offer,because we were like 50, 60,
that thousand dollars off onwhat he wanted versus what you
know.
We knew we were going to getkind of at the end and I was
just sitting there with a thirtythousand dollar bag out.
So that does it does getstressful, but yeah, it's
(36:01):
something that we're trying tooffer, um for clients to get top
dollar from yeah you know fromtheir listings, um, but it
definitely comes with thesechallenges.
I'll say, um, yeah, what elsebefore I go to eat a bunch of
sushi?
Speaker 2 (36:21):
uh well, I just built
out a business plan for hvac
company, so you did yeah yeah,listen to this, he's gonna go
around he's gonna dress in atutu just him.
Speaker 1 (36:34):
He's gonna go around.
He's gonna dress in a tutu anda singlet, so, like his, you
know his nips will be out andall that and um, he'll have a
little cap on and he's gonna goaround with a little duster and
I think it's like 40 bucks amonth or yeah, 20 or 40 a month
subscription base.
He's gonna go around a littlefairy dancing around and uh just
(36:57):
brushing down and changingfilters, exactly, exactly.
Speaker 2 (36:59):
I'm going to disrupt
the industry.
I'm telling you that now youguys just wait.
Speaker 1 (37:03):
It's like OnlyFans
HVAC CoLab.
Speaker 3 (37:07):
So they get to hire
you in the different color tutus
that you're going to put on.
Speaker 2 (37:11):
Yeah, I was inspired,
by Miami real estate agents.
Speaker 1 (37:15):
Yeah, nice, so that's
good.
Also, chase made us into actionfigures today.
Speaker 3 (37:23):
Oh, yeah, that was
funny.
I saw that.
Yeah, that was funny.
Speaker 1 (37:27):
They were really
generous with my muscles, so
that was good.
Speaker 3 (37:30):
Are they just
pictures, or are they actually?
Speaker 2 (37:32):
Yeah, how do you make
that?
So, actually, shout out toJames at Vibe the creative
director.
I had seen the prompt beforebefore, but he put the prompt in
there and just challengedpeople to like, hey, make them,
and then, like, I'll send youcoffee, like for the best one.
And so I threw the prompt andchad gbt, you put the picture in
there.
(37:52):
So, like I had pictures of allthe guys and if I didn't, I just
went to facebook and snaggedone and, uh, just uploaded it
and said, hey, this is, this isconstruction agent ryan.
Build out his thing and givehim construction accessories.
Um, and your, your picture wasthe the one of you running in
your tri-suit.
Speaker 1 (38:12):
So that's so funny,
that's why you got the tri-suit
yeah, look, jacked, maybe carlcan post these up on the uh
youtube.
Speaker 2 (38:19):
That's funny yeah,
they were very generous with my
head size too.
Speaker 3 (38:24):
They made my head
super big yeah, you just see
what happened yeah, this is abig head, and because you got a
little p head yeah, I don't knowwhat's going on you said they
were very generous.
They made sean look like peytonman.
Speaker 2 (38:39):
They made Sean look
like Peyton Manning.
Speaker 1 (38:45):
Yeah, he does look
like Peyton Manning.
Speaker 3 (38:47):
Oh yeah, that's so
funny, oh man so you guys have a
couple flips going on right now.
Speaker 2 (38:55):
That's the one of
them that you mentioned.
That's a little rocky.
Speaker 3 (38:57):
Any active ones right
now that are under construction
.
Speaker 1 (38:59):
The one that's under
contract that we just finished,
and then the one that's dying.
Those are the only two, besidesthe new constructions that we
have active.
Speaker 3 (39:11):
So you guys are
buying the lands that you bought
.
Is that for something thatyou're building?
Yeah, got it.
Yeah, we own the land orselling the building, but you're
going to try to find a buyerduring the construction phase to
kind of let them do their stuff.
Speaker 1 (39:26):
Yeah, we're trying to
pre-sell it completely.
So the idea is that the newbuyer can bring the construction
loan from their end, so then wecould close down our loan with
Renovo, potentially withoutpaying anything at all besides
maybe some point or two, a pointand a half, whatever, whatever
it is Um.
So that's kind of the idea.
(39:46):
And then you know, we give themthe baseline, what's included,
like it'll be PVC shower pans,for example.
If you want to upgrade the tile, it's going to be X upgrade.
Speaker 3 (39:56):
What are you looking
to make off of the new builds?
Um two gonna make off of thenew builds um two pennies.
That's something that we shoulddiscuss.
Speaker 2 (40:06):
Uh well, I mean in
general, like if I'm doing, if
I'm doing a flip, like just ageneral rehab, I like to make
between six figures it's gonnabe six figures yeah, yeah yeah,
um that, and it depends on thetime too, but that's the other
thing that people don't realizeis, like you, he says six
figures, but it takes six monthsat the very minimum, it's gonna
(40:26):
take a while so like you coulddo three flips and make 30 grand
a pop or whatever.
Speaker 1 (40:32):
Yeah, so it's, but it
is honestly like there's less
variables in the build out andyou use a lot of subcontractors,
so it's it's much more scalablein my opinion, um, because,
like you're using a foundationsubcontractor, then you're using
like a framing subcontractor.
You can repeat that with manydifferent subcontractors where,
(40:52):
like when you're running liketurnover crews and like these
quick flip crews that we have umit, you can't do that many at a
time because that crew couldonly handle a couple of jobs at
a time, but when you're managingit with mostly subs, you can
line everybody up perfectly yeah, as
Speaker 3 (41:09):
long as you don't
have 15 foundations to do at the
same time, you can bounce fromone to the next, to the next
yeah, that's what I starteddoing over time and like when I
first started it was just likemy crew is doing every single
thing.
And then it's like I know thatnow I get drywall crews out
there They'll hang the drywall200 sheets in one day and then
they'll come the next day andspackle and then come the next
(41:29):
day and spackle again and sandand whatnot, and that's a lot
easier.
It's like the time it wouldtake my guys who don't hang
drywall every day.
It just almost costs me thesame amount.
Might as well get it done.
Might as well get it done likesooner and faster and just have
them just start doing the trimafter that and the flooring and
all yeah, that's.
Speaker 1 (41:48):
That's why the new
builds are nice, because they're
just.
They're planned out like youcan have just a set of fixtures
and a set of finishes and justreorder the same thing.
I mean, the two houses thatwe're building, one on Dorsey
and Annapolis and the other oneon Shadyside, are almost like
damn near the identical house.
So it's four beds, two and ahalf bathrooms, like all the
(42:10):
fixtures and finishes are allpre-picked out.
Speaker 3 (42:17):
And if they want to
upgrade.
Speaker 1 (42:19):
It's going to cost
them some money.
So that's what we're going toniche into.
I think a lot of.
There's just so many peopleflipping.
You know, everybody canrenovate a house, but people are
scared, I think, maybe of newconstruction.
Or it's just like they've neverlike I was forced into new
construction when a house felldown that we were working on but
um once you do it, you're'relike oh wow, this is actually
way easier pound for pound thanremodel work.
Speaker 3 (42:42):
So the plans.
For example, how much do theycost up front to just get an
architect to give you the plans?
Speaker 1 (42:49):
So what's nice about
most of the ones that we're
doing is that we're building thesame plans, so you can just use
that each time.
You can reuse the same designplans and you can get them
slightly altered by a, adesigner, um, for 1500 bucks, or
or less, um, if you just wantedto like.
Oh, can you make this a littlebit wider?
You know, whatever.
(43:10):
Um, yeah, once you have thoseplans and those sets and you've
done a couple of them, it alsobecomes easier from a project
management perspective because,like my, my lumber guy, for
example, did a huge lumbertakeoff on this drawing I'm like
, hey, I'm building another oneof those.
Well, it's the same exact lumberorder that I did before my go,
(43:31):
just order that again, it's thesame exact draw order you know
exactly how it.
Once you do one, you knowexactly to the sheet how many
sheets you need.
Speaker 2 (43:41):
I mean, that's um
yeah, I think just you know your
numbers a lot better yeah so,but I think most people are just
scared of new constructionbecause of the time frame that
it takes and then also theupfront capital for some people
yeah, it would take.
Speaker 3 (43:59):
For me, it's just
like when I do my houses I'll go
in there with a spray cane, aspray cane, spray can and a
measuring tape and I'll designthe house how I want it with
that, right then and there,whereas like a new construction,
like I don't deal witharchitects, I don't deal with
designers, so that's new to me.
Um, learning about how to build, like if I can build on the
(44:22):
property, like I don't deal withdesigners, so that's new to me.
Um, learning about how to build, like if I can build on the
property, like I don't know muchabout that, like I don't know
well, yeah, that's a good point.
Speaker 2 (44:27):
So, like I get, I'm
getting.
There's this one guy, um manny,that's sending me a lot of land
deals right now and I'm likeslowly like have like telling
him and showing him about thelots because, like some of the
lots are critical areas, some ofthem aren't big enough to build
, like there's different thingsthat pop up that make buying
land a lot more difficult thanjust like what we're doing.
(44:50):
We're like the shady side lot,like it's almost, it's almost
ready to go, essentially likepermits already going to be in
hand, so on and so forth, andlike that's just a turnkey lot
versus like having to go throughthe whole steps of like working
with engineers and architectsand the the permit office, those
those things.
So yeah a lot of unknowns therefor investors, I think, and
(45:15):
house flipping just a littlesimpler to grasp at first.
Speaker 1 (45:20):
Yeah, definitely to
grasp.
There's just so many morevariables, which is that's why
new construction is just nice,but hey, not everybody could do
everything.
I think, uh, this is a goodniche for us to stick in for a
little bit.
I think new houses are alsoselling faster than existing
houses and flipped houses Idon't think I know it's a
statistic.
Um, especially in other, inplaces where the market's really
(45:44):
tanking, like florida, the newbuilds are still outperforming
the ones that are listed on themarket, it's really bad there.
It's really bad.
Yeah, I.
You look at zillow and it'slike lit up like a christmas
tree.
Everything is for sale.
Speaker 3 (45:58):
It's crazy I had a an
investor call me last week.
He said he got my info off aninvestor lift and he said I was
flipping a house.
We renovated it, it got hit bythe storm and now I'm having a
really difficult time selling itand I might have to go into
foreclosure because I can'tafford my hard money loan.
And like we talked about theprivate for a little while and
I'm I've been interested.
(46:18):
He said it's not in a floodzone but that storm just like
destroyed a good part of it,like some roofs, some trees fell
.
And I looked it up on a map andit's like right behind like a
mcdonald's.
I'm like that's gonna be toughto sell.
He's like, yeah, that's when wehad on the market before the
storm.
He's like that was like theinside of the house is like
perfect for a lot of the buyers,they said.
But the location, it wasliterally just right behind a
(46:40):
mcdonald's and I'm like, yeah,man, I'm gonna have to pass on
this, like if it was likefarther, like away from the main
road and just like businesses,it'd be probably a good
opportunity.
But I think the location isalso important but think about
those late nights.
Speaker 1 (46:52):
You come home stumble
to mcdonald's.
Speaker 3 (46:55):
You need a little
mcriddle you can get like a
little scooter, ride it down theroad at least.
At least get me a few housesaway from mcdonald's yeah,
location is super important.
Speaker 2 (47:04):
That's what me and
ryan were talking about with
upper marlboro and then pasadena.
We were like dude, imagine thatwe could.
I mean we are, we're gonnaclose on pasadena more than
likely before lakes unless somemiracle happens, but that's,
that was the deciding factor.
Like the people that are buyingit their family lives right
there, like they're gonna ownthis little corner of the block
(47:27):
and it's because of the location, yeah, and and we're getting
mass, massive amounts of callpre calls before it even went on
the market but also locationdoesn't matter when the markets
crashing too, because becauselike in florida, look at, like
historic northeast and st pete,those, that's a really nice
neighborhood and it is selling,everybody's selling yeah a lot
(47:49):
of people are selling.
Speaker 1 (47:50):
So I think for a lot
of reasons I don't think those
like super expensive houses sellbecause insurance got too high,
but maybe is that what you'rehearing a lot of, though, just
in general, I think in general,like the insurance costs have
gone up so much that people likeregular people just can't
afford to pay for the olderpeople that are retired on fixed
incomes down there right solike yeah, if they get shacked
up and they're screwed, yeah,yeah that's eating away their
(48:13):
fixed income.
So but that's a problem I thinkyou're right.
Speaker 2 (48:16):
I don't think most of
the time the the bigger houses
that are in like st pete, themore expensive houses.
It's not like an insurancething.
I mean you were talking likesome of the people are going
back to work that were remote,so now they're having to go back
to the state where their job islocated versus being in nice,
florida, working remote.
So dude.
Speaker 1 (48:37):
Another thing
recently that got crushed.
The freaking stock market gotcompletely crushed.
My NVIDIA is not doing so hotright now.
I got to buy.
I bought another couple shares,yeah.
Speaker 2 (48:52):
You didn't text me to
buy more shares.
Speaker 1 (48:55):
I know.
I don't want to tell anybody todo anything right now.
Speaker 3 (48:59):
What was it the last
time you looked?
Speaker 1 (49:07):
$100.
$100?
Speaker 3 (49:08):
Oh wow, it's up from
like your buying point right, oh
, yeah, yeah.
No, I'm up overall, but I meanit was at like 150 or something
like that yeah, and I have like1600 shares.
Speaker 1 (49:13):
So 50 times 1600 is a
good bit of shavings yeah got
shaved.
Yeah, pretty good got shaved.
Um, but it'll come back, it'llbounce back it's.
I think you know the tariffsthing is throwing everybody for
a loop.
I saw some funny signs when wewere running that cherry blossom
(49:36):
race.
It was very like a very liberalobviously, like you're at the
fucking cherry blossom festivalin dc gonna be a lot of liberals
, a lot of blue hair.
And the one was like we wererunning a 10 miler and the one
sign was like we're actuallyrunning 12 miles due to
inflation and like one sign islike uh, run fast before the
(49:57):
tariffs do something.
And and I'm like, oh, my god,we are in dc.
Yeah, it's like everything islike something to do with
politics.
Speaker 2 (50:05):
I saw one uh
speculation that basically
trump's doing this on purpose sothat way he can get rates down
so you can refinance all thattoo.
Speaker 3 (50:12):
The debt, the debt,
yep the national debt.
Speaker 2 (50:15):
So that would be
interesting move if they.
They tank the market just toget rates down to refinance.
Speaker 3 (50:22):
Why else would that
be happening?
Speaker 1 (50:24):
I don't know that
would be.
This is not news.
We are not a news station.
Speaker 2 (50:29):
So don't take
anything with these idiots.
I said it's speculation man.
Speaker 3 (50:33):
Yeah, I mean, if the
rates come down, we're all
getting more rich.
Speaker 1 (50:37):
Yeah, yeah, we do
need the rates to come down.
So, daddy, let's, let's getthat to happen, hopefully.
Um, the yeah dude.
If rates go down to like five,think about that.
Rates go down to five.
Oh my god, the refinances thatwe would get.
It would be I would buy anotherboat, we could buy another boat
(50:59):
.
Yeah no no.
Speaker 3 (51:01):
I would be really
excited if they came down to
five.
Yeah, I mean, I have a lot atlike 8%.
Speaker 1 (51:06):
That's what I'm
saying.
I got a lot at 8%.
Speaker 3 (51:08):
My primary is at 7%,
so if it came down to five or
four and a half, that'd bepretty good.
Speaker 2 (51:13):
I mean you could get
a 5.8 right now.
Arm.
Speaker 3 (51:18):
For like your primary
.
Mm arm for, like your primary,mm-hmm, what do you mean?
Like an arm, like fuck, like itjust worried.
Okay, that's a good time to getthat, because it's probably not
gonna go up yeah yeah you'dsave a point a year on a million
dollars.
Yeah, I pay like seven grand amonth now.
I mean my mortgage is 63 but Ijust pay seven, so I'd probably
(51:39):
come down to like 55 maybe yeah,maybe something to look into.
It's a point, 1.2 points thecredit unions man, zero, zero
points to refi yeah well, so mythe lender that I used dml to uh
to buy the property.
They gave me two years torefinance it for free.
(52:01):
I mean, obviously I still gottapay for like the appraisal and
everything, but they won'tcharge any lender fees during
that period, just because when Ibought it they were like super
high, the rates were high yeah,I would look into it.
Speaker 2 (52:12):
I mean, I've always
been scared of arms, and I think
you had too until, like seanstarted talking to us about it
yeah, I mean three years ago Iwouldn't do an arm.
Speaker 1 (52:21):
Now's the perfect
time right, yeah, you don't want
to do arms when it's threepercent yeah but when it's
freaking seven, eight percent,then it starts making more sense
.
But any of those three percent,four percent ones like lock it
in, lock me in for 30, on thatI'm not gonna get greedy yeah, I
mean it's not gonna get muchlower than three or four.
So right, that's what I'msaying yeah so there were some
(52:43):
good days, though.
Speaker 3 (52:44):
Three and four
percent.
I actually had a dscr loanlocked in at like 2.875.
Well, I mean, I I closed on itat 2.875.
I'm like looking back, I'm like, how did that even happen?
Like I didn't even think thatthat was down that low I had.
I have a one that's at 2.75, butit's in my personal name maybe
it was three, I think it was 3.8, because I was refinancing a
(53:05):
lot of like four and a quarter,four anda quarter, and all of a
sudden I refinanced one.
It was like 3.875, that's whatit was, but still like that was
like it's a good time.
Speaker 1 (53:14):
Yeah, yeah, the good
times have passed hopefully they
come back.
We'll see yeah, hopefully theycome back um.
All right, that's all I got fortoday that's always what do you
got?
Anything to add no, our eventuh, it's not.
This isn't gonna come out forthat, so all I got that won't
(53:37):
matter, all right.
Well, maybe next time we'llhave an office and a cool studio
set up, don't no promises.
But that's the thing.
All right, guys, till next time.
Thank you peace.