From the high-stakes drama of auctions to the detailed work of renovations, the real estate market is a whirlwind. We kick things off by sailing through the nuances of real estate investing, contrasting the personal joy of a home purchase with the calculated moves of investment strategizing. We're connecting the dots between property upgrades and smart homes, providing insights that real estate aficionados and novices alike can latch onto.
It's a mix of practical advice, industry secrets, and personal anecdotes that serve up a compelling cocktail for anyone looking to turn properties into profits or simply curious about the life of a real estate enthusiast.
From the high-stakes drama of auctions to the detailed work of renovations, the real estate market is a whirlwind. We kick things off by sailing through the nuances of real estate investing, contrasting the personal joy of a home purchase with the calculated moves of investment strategizing. We're connecting the dots between property upgrades and smart homes, providing insights that real estate aficionados and novices alike can latch onto.
It's a mix of practical advice, industry secrets, and personal anecdotes that serve up a compelling cocktail for anyone looking to turn properties into profits or simply curious about the life of a real estate enthusiast.
You need to be in front of a computer and like ready to run comps right when you're on the phone figuring things out. So because, like you, have just a couple of minutes to keep these people's attention and like either get an appointment in person or get a contract down to them.
Speaker 3:Yeah, I don't know if it's just for me being around real estate people, but I feel like there's more people that are trying to become wholesalers and also I see a lot more people trying to like offer like construction services.
Speaker 1:Welcome to the everyday millionaire show with Ryan Greenberg and Nick Calvis. Alright, guys, welcome to another episode of the everyday millionaire show. We're here, just Nick and I. Another internal we have Chase filling in for Marcus, so Chase is also on the mic, since we have been doing some business with Chase. What's going on, guys?
Speaker 2:What's up? Thanks for filling in Chase. What's up? What's up? Thanks for having me again.
Speaker 1:Yeah, it's a little bullshit light setup we have here compared to what Marcus usually brings, but we did our best. Chase has that light there and hopefully you guys can see us, they can see us. So a couple of cool things that we got going on. Nick just tangled up in this wire. Nick just bought a big house. Nobody knew he was buying.
Speaker 3:I did. I didn't want to spill the beans until I closed on it because I didn't want to jinx anything. It was a lot of paperwork for the lender to go through. Thank you everybody at DML who helped out Billy, jeff, kevin, jamie. They were a big help with getting the loan closed. I had my tax returns for 450 documents, so add settlement. They were 450 plus documents. I had to flip through and just make sure that I was signing and initiating all of my tax papers as well as the settlement papers as well. So that was exciting to settle on that and it was a relief to get it done because I was stressing out the whole time.
Speaker 1:So, just so people that are listening know, you've been living in a small condo for the last several years.
Speaker 3:Yeah, the last four and a half years.
Speaker 1:So living in a small condo. Then I see on Instagram had no idea, we're friends, you don't call me, you don't tell me this. I just see on Instagram a picture of this giant waterfront house that you posted saying like home, sweet home. And I'm like what the fuck, dude? You just bought a waterfront property and didn't tell anybody about it.
Speaker 3:Yeah, so it happened. I got it from the auction, as you guys know. I briefly told you guys about it beforehand, but it was listed for 1.2 on the market. Then they had a couple of price reductions. Eventually the owner decided to take it to auction and I monitored the auction website. It's like a hawk and I saw it and I'm like let me check this property out. I wanted to go see it the day before it went up for auction, scheduled a showing, saw the property and I'm like I really want this house. I'm gonna bid on it. So I started bidding on it and I'm like I'm not gonna let somebody outbid me. I want to buy this. This is a liability, this isn't an ad set. So I'll pay a little bit more than whoever else is gonna bid and make sure I can secure the property.
Speaker 1:Well, I don't think anybody's buying that as an investment property.
Speaker 3:Yeah, yeah, well, that's well, but I had to take my investment hat off to get to that realization like hey, if I want this property I'm gonna have to pay for it and I'm not gonna look at it as an investment, because those type of houses they're more of a liability than asset. But it's definitely something that I've been wanting for a while and I kind of live a lot below my means for the last four and a half five years now to buy something like that.
Speaker 1:So, speaking of living below your means, I was just gonna talk about your waterfront condo in Ocean City. Are you bringing your boat here or are you gonna buy another boat?
Speaker 3:Yeah, I'm gonna keep one there in Ocean City for the.
Speaker 1:So, speaking of living below your means. Guys, just make sure that you understand that there's a beachfront condo, there's a now waterfront property, a small, small other condo. Do you still own the other condo?
Speaker 3:Yeah, yeah, I might rent that out.
Speaker 1:Luckily, you're still living below your means.
Speaker 3:So what was cool about the place I lived in the condo? It's a two bedroom condo, nothing fancy. My mortgage was maybe 700 bucks a month and it was $200 condo fee, so I was under $1,000 a month. It was right across the street from my lot that I rent.
Speaker 3:that has all of my landscaping equipment dump trucks and trailers and it was right across the street from where we take Lucie to daycare so it was literally like a little triangle, like everything we needed. We'd take Lucie a dropper off work from home. If I had to go over to the lot for any reason to meet the guys, I can easily go across the street to meet them. So that was a cool thing about that location for so long. But where we're at now it's not much farther. It's probably 10, 15 minute drive, so it's not terrible.
Speaker 1:Nice. So it's got how many bedrooms.
Speaker 3:Four beds, four bathrooms. Nice and it's got a giant yard, Very big yard for a waterfront, A lot of. When I think of waterfront, I think of being very close to your neighbors, because when they build them they like to build them as close as they can to fit as many waterfront properties as possible. But this thing is at the point, and it's. The yard is very, very large.
Speaker 1:So you got to get another boat.
Speaker 3:Yeah. And probably another jet ski, probably Yep, and a floating jet ski dock.
Speaker 1:Let's see how long it takes to get my boat up there. Come party, yeah, so all right. So the numbers you listed at 1.2 and what'd you end up closing at?
Speaker 3:It was 906,000. So 906,300 is what I bought it for.
Speaker 1:But then did you have a 10% buyers premium?
Speaker 3:10%. No, so it was. The final price was 855 plus the 10% buyers premium took it to 906. Okay, yep.
Speaker 1:Not bad. And so this is another crazy thing you did. So you went under contract, you bid and you put $90,000 is a deposit Correct, without knowing that you were approved for the loan. Yeah, how did that feel.
Speaker 3:It just felt like something I needed to get done, knowing that I knew I had to, you know, put the pedal to the metal and figure out what needed to be done in order to get the loan. So a lot of people out there listening, you know, when you buy a house, you typically need to be pre-approved first. Well, when you deal with auction properties, anybody can bid on the auction property whether they're pre-approved or not, and I guess the determining factor on whether or not they're serious is when they have to put that deposit down. In this case it was a 10% deposit, so the 10% of the you know 906, it was like $90,630 I had to put down, not knowing that I was pre-approved yet. So I wired the deposit that same day because you needed to do it within 24 hours.
Speaker 3:And then I called my lender that I used to buy the condo. I was like, hey, can you run some numbers for me to see if things look good for me? I just got this house under contract and I have a very large deposit out on it because it was an auction property and they required 10% down. And he ran some numbers you know preliminary numbers and he's like, yeah, I think you look good, but you know them going through all of my tax returns. It was a job. It was a job and a half for them to do all that and I was definitely very, very nervous until you know, I got to the closing table. That's why I didn't want to mention anything until it was closed out because I didn't.
Speaker 3:You know, I didn't want anything to go south.
Speaker 1:I'll be honest, that's some savage shit you did, man. That's some I would be scared. I would be too scared to do that.
Speaker 2:So, congratulations.
Speaker 3:It's a sick house.
Speaker 1:I'm excited for the housewarming party. Oh yeah, I won't put your address down there so people don't start showing up, but it'll be a fun party.
Speaker 3:A really good time.
Speaker 1:Good thing you own a landscaping company too. I saw that yard. I was like damn, that's going to take so long to mow if you don't have a big shit, All right. Next thing I have on my list is our event coming up on April 11th. I started marketing today. I promised myself I would do it like one month before and hit it hard. So anybody that's looking to sponsor April 11th at CVPs in Towson six to nine, it's going to be fun. We got food, drinks, giveaways, all sorts of stuff. If Nick gets drunk enough, maybe he'll start giving out his address for his housewarming party. Who knows?
Speaker 3:Yeah, yeah, because that'll be. It'll be after that, right? Yeah, it's April 20th.
Speaker 1:So ask for the invite. All right, so I know we've been talking about the direct to seller stuff. That was one thing that we've been kind of chasing. I really just chasing. I right now I've just been kind of hammering in on trying to dial down the system of direct to seller.
Speaker 3:It's heart, man, yeah.
Speaker 2:Chase has been on the phone with how many people Over 50 people Just this week After the cold callers.
Speaker 1:So the cold callers, give them to Chase. And then he still got to talk to them for an hour on the phone.
Speaker 3:So from an outsider's point of view and what I mean by outsider for those listening is somebody who, like I, don't wholesale, so like the time and energy that it takes you guys doing this, other wholesalers. That's why wholesalers want their wholesale fee. That's why they need to make sure that they're able to get a good assignment fee to make up for all of the money that they put out their time paying for the list, paying for people to call the cold callers, virtual assistants that all adds up, it does.
Speaker 1:Yeah, it is adding up because we haven't actually had income yet, any real income. So it's definitely like a grind. And I, somebody hit me up the other day like a client of mine, sort of a friend, through another friend and he was like hey man, I think I'm back getting into this, you know, direct to seller stuff. He's got a full time job. He's like a, you know a hobbyist investor kind of thing. Like he has a couple of properties and he's trying to get more into it. He's like I'm going to, you know, hire the cold callers, go to Faisal's list. I'm like, dude, like you better be ready to grind because like you have a full time job and like there's no way if you had a full time job you'd be all able to do what you're doing. No, shot.
Speaker 2:There's no way. Yeah, no shot. I'm doing this with a full time I you know it's hard enough for me to keep up now and I'm just transitioning out of their force. I could not imagine coming home at five o'clock and then making you know, five to 10 calls and you're on that the phone for hour a piece.
Speaker 3:Yeah, and a big important piece of that is is the follow up.
Speaker 1:So, like what happens if a seller calls you during those working hours, right, you gotta be ready and you gotta be like, and even like Chase was talking about the other day like you need to be in front of a computer and like ready to run comps right when you're on the phone figuring things out. So because, like you have just a couple minutes to keep these people's attention and like either get an appointment in person or get a contract down to them.
Speaker 1:And it's fucking competitive, man. Like they're the one lady man I don't even know who was they called Chase called on the lead and she's like you're the fifth person they're called today. So like all these wholesalers are just hammering the phones on the same leads.
Speaker 3:Yeah, I don't know if it's just for me being around real estate people, but I feel like there's more people that are trying to become wholesalers and also I see a lot more people trying to like offer like construction services.
Speaker 1:Well, okay, two things. One, the construction services people are people that have been flipping houses and managing crews themselves and, of course, flipping slowed down deals are tough to come by. They wanted to keep those crews busy and they see people making money contracting. There's a bag to be made contracting.
Speaker 1:It really is. Like I'm living proof of it. Like we, we did that exact thing in kind of a different order. We did the contracting thing first Well, not really. We started flip, then we started heavy contracting, doing small amount of flips where not now the flippers are coming into. They were full time flippers, now they're trying to be contractors.
Speaker 1:But the that game is hard, man. That that game is also hard. But the the direct to seller stuff, like I think the common, like misconception about it is that you can do it with no money down. There's no way you can do and be competitive with no money down. Like Chase is building a website right now. That's going to be end up 1000 bucks or whatever by the time you. You know you break it down and then a couple hundred bucks a month. We got the list that you got to pay for the cold callers and now we're looking into hiring internal VA's instead of like a cold calling service.
Speaker 1:And then Chase is doing a sales training what's that one called? What are you doing? Aaron Neville, I think so. Some, like you know, sales guru, he's paying for that. He's doing role play with that, then creating a sales course for our people internally. Like that's not. None of that stuff is free. So if you're like out there like I'm going to start wholesaling and it's no money down, like people think, I feel, like people think you just drive around and you see a house that's shitty and you knock on the door and then they sell it to you.
Speaker 3:Yeah, I mean there's like cases where you can find deals without putting money out. But if you want to actually create like a whole sound business, you certainly need some funds to put in to you know marketing and and you know, like you said, you're creating a website and just having that ability to well to get a good domain name to, because that's another big thing. It's the domain name and then the SEO about it.
Speaker 1:Like so you know Dave, a buddy of ours, you know Dave Shannon, so I've been hanging out with him a lot down in Florida and like he spent I hope he doesn't mind me saying $25,000 on his website. Like that's a crazy amount of money to spend on a website.
Speaker 2:But like he's doing.
Speaker 1:He's doing great Like he's doing it, but for somebody to start out and just be dropping 25k on a website, that's a that's a huge risk that you're taking if you don't have already have an established business.
Speaker 1:Like you know, dave's been doing this for a long time now. That is just one piece of it. Then you have the VA's, then the cold callers and like you got to have people on the street too. Like we got to go like Chase is going to appointments next week, you know in person to try to get these either listings, wholesale contracts, whatever. So, yeah, I get why these wholesalers are charging what they're charging. It's a pain. I mean even the. I have one under contract right now that I'm wholesaling. It didn't come from our VA's or anything, came from an internal lead. But I'm trying to sell it. I'll make, you know, a nice, nice profit on it. But even the disfo of it, like we thought it'd be easy, like I'll post it on the group, people will buy it. Like today I was on the phone with somebody for an hour, one of actually TJ. I was back and forth with him. You know, tj came.
Speaker 1:Yeah, I was back and forth with him and then another guy it was like an hour of my day Was just eaten up by talking to people, and not that I don't mind, you know I don't mind it, but it's an hour of my day. I'm just talking to them about potentially buying it, answering questions and stuff like that. Like there's a whole lot that goes into the yeah, so I just I just sold a property.
Speaker 3:The reason I sold it was because when I first bought it it was a foreclosure and it was under contract. I had an under contract for almost a year before it's ratified and during that period it was broken into two or three times and I was like man I don't know if it was like an old contractor who was upset with the, the previous owner, who maybe didn't pay them or something but they were like break in, took all their stuff out, then they broke and again stole the whole entire back door off, stole all the kitchen cabinets that were already in Stubb with granted on top of them, and then they stole all the interior doors. I'm like somebody's gonna come here and do that. It's probably like a contractor that didn't get paid versus, like you know, a junkie just breaking in trying to steal some copper wire or something right.
Speaker 3:So finally settled on that and I it was like 90% done when I bought it and then it went back to like 85% because everything they stole. So I got it to 100%. I'm like man, I want to get out of this neighborhood. I don't, I don't want to be in this neighborhood. So I listed it on Facebook marketplace and I had three people come to look at it and it wasn't any of them who bought it, but it was another, another investor that I know who reached out. He's like hey, I'm interested in your property, you sell you out? I'm like no, and he ended up.
Speaker 1:What area?
Speaker 3:it was over on Denison.
Speaker 2:I think I mentioned that to you.
Speaker 1:I have one on Dennis, yeah, yeah.
Speaker 3:Yeah, cuz when I was trying to sell it. I think I mentioned it to you.
Speaker 1:I don't have I managed one on Denison.
Speaker 3:But yeah, I ended up selling a, selling that one. I he just signed the documents yesterday and that was. You know, didn't have to put too much effort into that. One is where I'm getting that.
Speaker 1:But I could imagine sometimes easy. I mean we just chase his house. So we sold that one went under contract in a couple days. The Lincoln for the one in Beltsville that I just did went under contract in a couple days. But the wholesaling, like we can't really put it up on the ML, like I I don't. I feel we're putting some of these up on the MLS.
Speaker 3:Oh, yeah, yeah, yeah I. There's like a gray area they. I don't know all the rules and regulations as far as yeah doing that, but yeah.
Speaker 1:So I guess, speaking of gray areas and real estate sales, we have some announcement to make about my partnership with Diana DK law, who Also owns Lux Realty, who we partner now I own half of Lux Realty with her, so we're gonna be building out a brokerage Chase, is kind of our number one Agent that's gonna be helping me facilitate building out the team and stuff.
Speaker 1:So that's a. That's some exciting stuff and just another thing that I didn't need to take on, that I decided to take on. So any agents that are looking to you know, come over we're. We have competitive splits and we're really investor based, like we're. We have, you know, retail stuff that we're doing. But like I really want all of the agents that we're Working with to be investors, like that's our, that's my goal anyway, because it's easier for me to then place them with investor buyers and investor sellers, because they speak the language they know, you know, and, and with that comes Definitely there's there's a lot of competition, I feel like, in the investor realtor space, but we have like so many things under our roof with the contracting, with the property management, that I feel like we kind of separate from the rest.
Speaker 3:Oh, a hundred percent, there's not that many agents that have as much knowledge as you do and as I do in terms of, like, real estate investing. Right when I first started in real estate and became an agent, I knew nothing about real estate investing but, like you, would look at other agents before I became a realtor and think like, oh, if you're a real estate agent, you have to know something about real estate investing. But that's not the case. I heard this was on a tic-tac, so this is could be completely false.
Speaker 1:Maybe, chase, can you look this up. How many realtors in this country own their own house? Right, there's a small percentage. It's a small present small way smaller than you think. And then the other. The other one in that same video was how many realtors own an investment property, so it was like and investment property, so it was like one.
Speaker 1:It was at least a half of the people that owned one property, that owned an actual investment property so, like I don't know, it's like less than 10% of agents actually have an investment property of their own. Which is a staggering number. You'd think if you're selling real estate for a living, you think you're gonna more people would actually start buying real estate. But I also think that goes to show you how many agents out there that don't actually do anything.
Speaker 3:I guess you know how many agents are out there who just rent and don't own, but then you're out there selling houses.
Speaker 1:And then to me that's kind of like BS right, like how and I'm sorry for any agents that I know that are renting right now but like If you've never even walked through the process yourself, like it's kind of hard for me to believe that you're gonna help me walk through the process of.
Speaker 3:I feel like you can only learn so much by hearing, and there's a different level of experience that you gain when you actually do it yourself. So, if you don't own a house and you're walking people through that process.
Speaker 1:Yeah, it's funny, like when you hear I talked to so many agents and Some of them they'll call me like hey, I have this deal. One of them, dude, this is funny. I'm not gonna say names, but An agent called me the other day saying they have a house in Fells Point. It's fully renovated. He can't sell it because they forgot the investors forgot to put HVAC in. So there's no duck work, there's no furnace, there's no nothing. So I was like how can you build a whole, like it's a brand new renovation, like White Shaker cabinets, like the whole nine, that's so crazy. But there's no duck work, there's nothing, there's nothing.
Speaker 3:A huge thing to forget.
Speaker 1:It's one of the three main trades. Yeah, I mean that's very important.
Speaker 3:Some things that happened to me, I think at least once was like we forgot to put maybe a closet in a bedroom, but to forget. You're one of the trades like that. That's insane.
Speaker 1:So I was like, well, in my head I was like there's no way that you pulled permits. There's no way that they pulled permits on that property if they. There's no inspectors that would just pass rough ends without Like, how do you get passed? You can't do that. So yeah, they're stuck with this property now and I actually tried to get it off market kind of an off market deal because I can go put the HVAC in and duck work and everything Pretty cheap. But they wanted like a this agent wanted like a ridiculous number for it and he was like, oh well, you know, it's only going to cost like six grand or seven grand to put. I'm like, in what world are you doing? Brand new duck work, brand new furnace central framing bullcats drywall, bullcats, everything.
Speaker 1:There's no way.
Speaker 3:Yeah.
Speaker 1:You're at 20,000. If you're retail, you're probably at $20,000.
Speaker 3:Mm-hmm.
Speaker 1:Right Minimum. So I thought that was just like another. It's just so funny like an agent Like that was, I think, walking them through this whole like investment process, they just forgot to put an HVAC system in.
Speaker 3:That's pretty crazy.
Speaker 1:That is pretty, pretty crazy. So one thing that I did want to plug, though we have been still using Faisal's list at Pinpoint Skip, so those lists are really good. So if you're looking for lists, go to PinpointSkipcom and get whatever list. There's so many different lists. So if you're like an agent that's the one I was poking through the website the other day If you're an agent and you're just looking for leads to potentially buy, to potentially get listings like, you can filter through the list to like generate that that stuff. That is maybe not like needs complete rehab, it's just needs a listing agent that might do a better job or whatever.
Speaker 1:So all that data stuff, man, it's really really cool. So go to PinpointSkipcom and get your data. So what are you got? You got some numbers.
Speaker 2:Yeah, I couldn't find anything good, but from 2007 to I think it was 2012,.
Speaker 1:80% of agents own their own home, so I don't think I saw some fake TikTok news.
Speaker 3:Yeah, that seems like a lot, because you know how many agents are like not really in the business after a couple years or so, yeah, what's the rate of agents?
Speaker 1:that don't Well.
Speaker 3:That's a cool, that timeline too, like 2007, like subprime mortgage was happening, so that's probably a good reason, yeah, of why everyone own a home. Well, most of them.
Speaker 1:But you just Google it.
Speaker 2:Yeah, there was no good data on it that I could find really quick.
Speaker 1:Yeah, I don't know, maybe I just saw some fake news, but it was like they said, wherever I heard it, that it was like less than 10% owned an investment property, which I thought was really interesting. Anyway, to backtrack to our brokerage and our real estate team, we are trying to focus on having investor friendly agents, investor based agents, people that are investors themselves, and I'm trying to spread out, like I got this girl down in Potomac. That's going to start with us and I feel like having, like the whole, like all the different counties and stuff is some of these leads come in and they're far away. It would be nice to have somebody on the Eastern Shore, somebody on you know on in Montgomery County, somebody out in Western Maryland, frederick, whatever. So, yeah, so agents looking to come on, definitely give us a call, yeah, so any agents looking to come on? I think that's. We had a little pause here, so, I'm sorry, lost my train of thought. Maybe, nick, maybe you'll be leaving KW soon and coming over to Lux.
Speaker 3:Maybe Get a big, get your big deal. Are you guys, like I know you said the office is in? Oh he's knows. Is that the office for, like all of all of the businesses?
Speaker 1:So there's an office in Owings Mills and then we have an office in Highland Town, Canton, and I mean offices are like cool but they're just like obsolete too at the same time for most people. But anybody's welcome, Like. Sometimes we go up to our office and work, Sometimes we work down here.
Speaker 2:Dianna also has Regis, which is like they have a couple of offices in Baltimore that you could just go and hang out. She has like a membership.
Speaker 3:Yeah, no, I was just curious. I mean, yeah, like you said, I haven't been to the KW office in years. So yeah, I mean a lot of people work from home or you know the office.
Speaker 1:Yeah, I mean the only reason I like to go to the office, cause I have a nice printer and a scanner there that like work really well and you know it's less distracting sometimes, especially during this construction process at my house. That's another thing, dude, I got to show you these lights. I'm so excited about these Phillips Hue smart lights. Phillips Hue needs to sponsor the podcast after this because, dude, you got to get smart lights. It's the coolest thing ever.
Speaker 1:So, like I can change the scene of my house Like the outside, I did exterior like strip lights but they're like kind of hidden, and then you can light them up and make a Christmas you know, christmas themed and all sorts of stuff my bedroom. I can press like one button and all the lights turn like red and pink for, like you know, like a romance setting or like you could do, like it's too cool. So, phillips Hue, you need to sponsor the podcast and whoever's out there listening if you want to spend way too much money on lights. Buy.
Speaker 3:Phillips Hue, I'm still trying to figure out how to get my lights that go all the right around my property to turn on, so I got to figure that out first, before I start adding more.
Speaker 1:Dude, I saw that actually one of my friends he had some of these like smart lights in his house and like you'd walk and there'd be like motion sensors and lights would turn on and turn off as you look, and I was like, oh, that's pretty cool. And then he was like, yeah, then you can automate them to turn on and turn off at certain times. So like we have it like where you can turn on like the sun, the sun will like wake you up, you know. So it'll like dim, turn on, like really dim, and then get brighter and brighter and brighter.
Speaker 3:Okay, like the sun's rising.
Speaker 1:Yeah, and then we got an. I ordered a automated blind to the front window.
Speaker 3:I need one of those. I've actually been searching the last couple of days, so you gotta let me know where you get those from.
Speaker 1:Yeah, so for the one window in the front, guess how much? Stupid, stupid amount of money 800? $6,000.
Speaker 3:$6,000 for one window. Wow, I guess I must. I was probably looking at something cheap, cause something did pop up on my phone I don't know cause I've ever heard me talking about it and it was like 300 bucks for like a regular size blind that came down remotely.
Speaker 1:So this is a, it's a Hunter Douglas, it's called a silhouette, where it has, like it looks like a regular blind, but then it also has an option to have a shade internally, and then it also has a blackout option. But it's all automated. So the same thing you can, it'll raise at like 6am. It'll just come up automatically. Paige and I always fight about the blinds being up or down, you can get them in whatever color.
Speaker 1:I think the fabric's white and the blinds are white and then, the fabric's white, and then there's like a blackout thing that comes over.
Speaker 3:That just like comes down. It comes out in addition to the blinds that are there. Yeah, if you want it.
Speaker 1:So there's like three different settings. It's called a silhouette Hunter Douglas silhouette, but it's funny because I, so we measured that window 126 inches. I didn't know I was getting this blind system before. I kind of knew, but I didn't get it quoted. The blinds, the smart blinds, the ones that I'm getting only come up to 120 inches, so I had to get three panels of blinds. So if I were to have, if I were to just frame the window six inches smaller, it would have been 2700 bucks.
Speaker 1:It would have like less than half, but because I need three separate systems. It's like it's 5800 and change or something like that for one stupid way.
Speaker 3:How did you find that place? Or did you like shop around multiple different?
Speaker 1:No, so I probably should shop around just cause that number is crazy. But the one of my old employees and friends, tatiana her family owns that company. So they did do all sorts of high-end blinds, shutter, shades, drapes, interior design, that kind of stuff.
Speaker 3:She just send them the measurements and they kind of send you something of like what kind of what do you think it would look like they came out, they had samples you know, yeah, they come out, they measure it, they have samples, they.
Speaker 1:They could give you an estimate, basically right there in the spot.
Speaker 3:Nice, it was a cool. It's a cool process, but yeah, I'll definitely have to call them.
Speaker 1:It's definitely a way I was like ready for like 1500 bucks to you know, even like 2000,. I was like, yeah, I saw that bill as like shit and I really had no choice, like I already ordered the window, the windows in being made, so like I couldn't tell you they had to cancel the window, which was another you know a couple of thousand bucks, or just bite the bullet and do this shit. So yeah, it's fun dude Certain things like that not planning ahead when you're building like high-end editions.
Speaker 3:Yeah, I guess that's cause it's like not really something to think about. Right, you're thinking about everything else besides your blinds, you know I had the paint color picked out before I thought about the blinds you know, and I just always thought I was like oh well, they'll just make it to whatever size To fit the window.
Speaker 1:Yeah, and nope, 120 inches. Six inches off, so shitty.
Speaker 3:but so then do they have to cut one and like cut one to get that extra six inches, or are you just putting it?
Speaker 1:No, I don't know. So, like the way the window is, it's two casement windows on either side and then a picture frame in the middle. So it's whatever. 120 divided by three is equal, so each pane has its own one. But then you just automate them to go up and down together. Got it. Yeah, it's pain in the ass but it's good.
Speaker 2:It's good.
Speaker 1:All right, anything else that we have before we wrap this baby up. We got some more guests. I have some more guests lined up. Unfortunately, we've been just I've been so busy and then my house is kind of just getting put back together.
Speaker 3:So yeah, they sound like they were still working upstairs when I got here. Yeah, they were. The window was open, I guess they need that for air and light. Yeah.
Speaker 1:But yeah, so we'll be back grinding with some new guests coming soon. I got some cool people lined up to come on Anything else you have for us.
Speaker 3:I guess are you having anything under contract to buy? Are you doing any flips right now?
Speaker 1:So we have this three unit under contract that I think I'm probably gonna end up taking down. We have a flip that's selling on Thursday Thursday, I hope and closing up a rental right now. I actually got three houses under contract. Remember I was telling you about that like state program that we bought these houses from we're still under contract, that other one that I sent you in Bella Edison.
Speaker 1:Remember, I sent you one in Bella Edison. I was like, hey, is this a good area in Bella Edison. Did I send you that the other day? I think I did.
Speaker 3:And I was like Possibly.
Speaker 1:I forget the address, but anyway, they had a buyer fail and it's like a Bella Edison three bed, two bath for like 40K or 45K oh that's not, yeah, that's a good deal.
Speaker 1:So I was like, yeah, I'm gonna take that down too. So the buyer failed on that. But we've been under contract since before COVID on these houses. So the two that I have one's on Baltimore Street, which a shell right now, is 175, 180. We're under contract for 99,000. And then there's another one just on the other side of 40. I forget what street it's on, but we're under contract on that and that's like 50,000. But it's basically renovated. It just needs like paint and whatever.
Speaker 1:So, we'll be all in it for like probably 65k and it's gonna rent for I don't know 1500 in section 8. So we got three of those, three of those house under contract, but who knows when they're gonna, when they're gonna close, and Chase has been looking. Every single day We've been looking man trying to buy some more properties.
Speaker 2:We got stripper under contract.
Speaker 1:Oh yeah, we did buy. Well, that's for a client, but we did. We're under contract on a rental for a New York buyer, trying to get into the game. So we're working as much as we can. I mean, we offered how we did get it below asking on that one, right, yeah, so things are starting to soften up, I think a little bit in certain areas but, that won't be good for him. I mean, it's definitely over a 10% cash on cash return and in this market.
Speaker 1:I feel like that's all you can really ask for.
Speaker 3:Yeah, it's tough. I mean high interest rates, prices are still pretty, pretty high and you need somewhere to park your money.
Speaker 1:It's a good place to park your money and some of these rental properties. But you just got to hold out until the rates drop and hope in the next couple years they go down a four or five percent where you can, you know, buy back a couple points. And yeah, I mean hopefully this year they do that.
Speaker 3:I seen this price on to do with it, but like even I see a lot of posts on like, facebook and other social media platforms of the crypto how that's going up. I'm trying to like not look at that, because I just want to like yeah. Just keep focusing on real estate. Last time I got involved in that it was good for the time being, and then it wasn't good.
Speaker 1:I'm pretty big not big, but like I do invest in stocks a bunch and I have some. I have crypto, we buy a hundred. I buy a hundred bucks of Bitcoin every week. It's on auto buy for the last, I don't know, probably two years, and I don't look at it.
Speaker 1:Like I signed in the other day because it was going crazy and I was like, oh, let me see how much I have, but that I try not to dump too much into yeah at all. But what I will tell you about Women's tennis, dude, actually men's tennis too. I Was showing chase. I've been crushing it betting on women's tennis.
Speaker 1:No this is not in. This is not investment advice. Please, anybody that's listening. This is kind of embarrassing actually. So I Tennis happens like all day and all night long, like in other countries, like I'm betting on Chinese Tennis players, australian open, like all these different things. So my strategy is I get like crazy odds when, like the people are definitely gonna win right, like they're like minus 3000 odds and like they're two sets or three sets in there and they've lost like most of the set. We're like in tennis, like at that point, like there's no way you're coming back. So I like parlay like two or three of these, like minus one thousand, minus two thousand odds and Just run my account up and like tennis matches are pretty quick, so you could do it. So I'll parlay like three of them. I was showing him dude, I made like a grand in the last two days just and like very little losses because, like I'm betting on like almost guaranteed winners.
Speaker 1:But like if you bet like, you bet like a hundred dollars. If you bet on just the one, you bet a hundred and you'd win like three dollars.
Speaker 3:Yeah, yeah like it would be crazy.
Speaker 1:But when you do like two or three of them together and you know for sure they're definitely gonna win, and if, if you are yeah, if you're out there listening don't, don't do this. I don't know if it's good or not, but it's working.
Speaker 2:for now it's working right now.
Speaker 3:It's working right now. It works until it doesn't.
Speaker 1:I've been making pretty steady money and like losing very little, and then like after I get so after Start, after I get to a thousand, what I've been doing so in, when my account gets to a thousand, because then this is what happened the other day. This is great, this is so stupid. So I had a big. I had a big one. It was like 500 or so dollars, right, and it was three and a four of them already won and I need this fourth one to win and they were winning the entire time. I don't know what country it was in, I forget. There was a rain delay, right, so they didn't come back till the next day. And then the girl lost, damn, the next day, and I was dude. It said like on the fan duel thing. It said like I forget what it said postponed or whatever. I'm literally googling, like foreign countries tennis players, to find out what's happening with this game. I can't find it on YouTube. Like I'm trying to figure out what's happening with this freaking tennis match. I've probably spent 30 minutes like.
Speaker 1:Funny because it's probably horrible, since in another country nobody knows of this Person in Korea playing tennis and like that, I'm not the idiot that I am betting on it. Anyway, she came back and lost. So that was like I lost like 500 bucks or whatever. And then I was like, okay, I'm not gonna do that again. So now every time that the account goes over a thousand, I pull out 500 and put it back in my bank account. But I've been running it up, dude, I've been running it up, it's fun.
Speaker 2:Dude there my father-in-law was telling me the the place he plays poker at, you can bet on pickleball now. Like just random people playing pickleball outside is there's this.
Speaker 1:This is getting into more than I want to admit, but I there's dude, I could bet on ping pong right now. Yeah, literally like fandal is crazy, and I had to put it away for a little while because I saw myself getting a little bit too out of control. And Let me, let me pull up some crazy shit that you can bet on right now because it's fun.
Speaker 3:Well, you know, like the prop best during, like the Super Bowl, like if somebody were run out onto the field, there's like an article that kept, like you know, coming back up from like somebody from I think it was a couple Super Bowls ago, and like he put down like I forget what it was like 50,000 or 100,000 and one like 400,000 bet because he went, he's.
Speaker 2:Look, here you go.
Speaker 1:Brazil men's volleyball in Brazil. This is one team is negative 1200. Like their prop, like let's see, you can watch the stream they're negative 1200. They're definitely gonna win, like they're almost guaranteed to win. So like if I put, let's see, if I put 250 bucks, I Only win $20, but if you think about it, $20 by 250 it's an 8% return. That volleyball against me over 20 minutes dude.
Speaker 2:I can make 8% 20 minutes like it's not a bad return.
Speaker 1:It's not a bad return Right that's true, but it's it's still gambling and you shouldn't do it, and people get addicted to it. I think I might be slightly getting addicted to it.
Speaker 2:So I have to slow down.
Speaker 1:You have to provide him with the hope line but like yeah, yeah, well, no, you know, when I know it's a problem, because I watch the stream, sometimes when I'm in bed at night and or in the morning like early, I wake up and then Fandu will say, like reality check, it'll come up with a thing. It'll say reality check you've been on this app for like X amount of minutes or whatever like that's probably put it away and talk to somebody with help, but just bet responsibly.
Speaker 1:I'm betting a couple hundred bucks in the grand scheme of things. I'm not betting my house and you know, my wedding ring, but it is fun, man, like it sucks that Maryland legalize that sports betting thing, because it is another, just another stupid thing that you deal with your money. But, just like the poker games to go and play.
Speaker 3:Yeah, I mean, that's fun because it's networking and you know you get socialized a little bit with people there but there I'm guaranteed to lose.
Speaker 1:At least I'm winning here.
Speaker 3:Yeah.
Speaker 1:I go play poker with these guys, I get fucking crushed.
Speaker 3:Are you going on the ninth?
Speaker 1:This weekend? No, I'm in Florida. I did commit and then I booked a trip to going back down Florida.
Speaker 3:That's yeah.
Speaker 1:I have one more month with my boat down there, so I'm trying to hammer it and get back here for the summer. Nice. All right, that's all I got today, guys. Thanks, chase for filling in. Thank you.
Speaker 3:Talk to you guys next time, april 11th. We'll see you guys at our event at CVP in Towson.
Speaker 1:Like and subscribe to the podcast and all the different platforms Instagram and all that stuff. Thanks, guys.