The Everyday Millionaire Show
The Everyday Millionaire Show
How My Broken Boat Turned into a Viral Video (Full Podcast)
When random internet strangers decide to roast you about your boat trailer, you might as well lean into it and laugh along. That's exactly what Ryan does in this episode as he recounts his experience going viral for all the wrong reasons. A casual video about boat repair costs unexpectedly blew up to 1.4 million views, all while the resulting comment section battles became their own form of entertainment, proving once again that social media is unpredictable, brutal, and occasionally hilarious.
The conversation shifts to their real estate ventures, revealing both successes and struggles. Whether you're fascinated by real estate investing, training for endurance events, building businesses, or just enjoy authentic conversations about wealth-building, this episode delivers valuable insights wrapped in engaging, often humorous dialogue.
Welcome to the Everyday Millionaire Show with Ryan Greenberg and Nick Kalfas. Alright guys, welcome back to another episode of the Everyday Millionaire Show. We're here, hopefully the last episode in the basement.
Speaker 2:We've heard that before.
Speaker 1:Our office is officially closing on Thursday of this week, so hopefully the next episode will be in our new space. So a couple things that I wanted to cover today. One, the viral video and all the comments that people completely broasted me.
Speaker 1:Definitely need to talk about that. We're going to talk about that. We're going to update and talk about our training and how that has been going. We have this. Iron man race is officially coming down to like four weeks. I'm talking about it for like a year now, so it's coming you don't sound too excited about it.
Speaker 2:Five years four or five weeks away. I'm excited. We'll talk, we'll talk, we'll let him get through his little spiel and that's it.
Speaker 1:I don't know what else. There was something else, but I just forgot the plane oh, I don't know if we want to talk about that yeah, maybe not. I don't want another no um, buying a private jet and renting it out as a business plan and the write-off expense did you? You could write off the entire purchase of a jet on your taxes. Just just's, just just saying just do it for thought um, all right. So first a stupid video that had me talking about my broken boat and how this is your broken trailer well it started with a broken.
Speaker 1:You know broken boat, so I called this company to fix it.
Speaker 3:Poseidon marine in tampa right, you named it, oh I named, dropped it now, yeah and put it in the comments, but I didn't even know what the name was I put it in the comments too.
Speaker 1:Um, yeah, they, they just they ended up screwing me over. I said on the video the whole trailer was eleven hundred dollars. I was obviously being facetious. I actually don't know how much the trailer is worth because I bought it with the boat as a package a new trailer like. That's probably right around six to seven thousand dollars okay, so I was off on that and I got 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 of sarcasm there.
Speaker 3:Yeah, no for sure, like I mean it's a cheap trailer. Why am I spending a third of the price? Of the price of breaks, yeah breaks that I probably won't even use or need or whatever yeah, so anyway.
Speaker 1:Um. So yeah, I don't know how much I paid for the trailer, but some of the freaking comments, man were funny dying. They were funny as hell dying so that video what was weird too for anybody that like is a social media guru that uh can answer this that video was posted for a few days, didn't really do anything. Then another video that we posted, and when that new video got posted, this one got a million views, 1.4 million views in like 24 hours. So it was like already marinating.
Speaker 3:It was already like posted for several days yeah, I think like once the engagement in the comments starts to pick up and then it just, whether it's negative or positive, it just picks up. Oh, there was negative yeah, I don't.
Speaker 2: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 and people started commenting and that's what blew it up or what. But, um, I, I had texted ryan that day and he, like, I just like saw the video and I was like, dude, where am I at like 300k on this, this video? And uh, he texted back. He's like yeah, I'm getting roasted in the comments.
Speaker 1:So I go look at the comments and they were ripping him a new one.
Speaker 2:Like people were saying, his trailer was from timu that was such a good one, he said yeah $100 trailer.
Speaker 1:Would you get it from timu?
Speaker 2:that's a good one they revoked his man car because he couldn't change it. Some guy was like he was like cry me a river, you rich like yeah you know I can't say the rest, but yeah, he was saying.
Speaker 1:Somebody said like oh, if you were a man you'd fix yourself.
Speaker 2:I'm like I'm a thousand miles away yeah but it was funny because, like other people, were arguing with other people in the comments they were like, if you watch the video, like did you even listen to what he was saying?
Speaker 1:I'm trying to find a thousand. Get to some of these thousand miles away.
Speaker 2:But, um, it was just. Yeah, it was interesting. But I texted ryan back that day because I had on on tiktok, like I've I've been there, I've experienced that before and I was like dude, like welcome to social media and the internet trolls, but also at the rate at which this is going, like we were at 300, I look back and we're at 350 and it was only. It only been like 15, 20 minutes and I texted him. I was like dude, this is gonna hit a mill today.
Speaker 2:And then it did yeah but it's just like I was telling him when the views and the engagement are just that fast, it's just it's getting pushed out. So yeah, so I guess that's the important thing is just getting that engagement, whether like.
Speaker 3:So I guess that's the important thing is just getting that engagement, whether like. We can start that engagement ourselves right, because it's the every millionaire show, and then we have our individual facebook uh uh pages and we can comment on there and start like going back and forth and then seeing on future videos.
Speaker 2:You can yeah, if it may pick it up yeah, sometimes. But the other part is like that engagement was all organic from people outside of our following. So, like what facebook does and like this, we're like diving deep into like the algorithm hacks and stuff like facebook knows who's following who and who's friends with who. So, like, when you start trying to hack the algorithm to get engagement, facebook kind of penalizes you for that.
Speaker 3:Oh, really yeah.
Speaker 2:Because then they'll just push it out to your friends they think that your friends like it. So, then they'll just start pushing that content out to your friends. But what do you got comments.
Speaker 1:Dude just, oh man too funny.
Speaker 2:Some of it you can't even say man yeah.
Speaker 1:Well, rich people's problems are so painful to hear about. How do they manage? Have you any other boring stories, dude? Some of those are some things I really mean. I don't even want to say some of the words, but it's funny. I mean I could definitely see how, when people get really famous, how you just can't read the comments ever.
Speaker 2:Yeah.
Speaker 1:Because imagine everybody actually knew you. Like I don't know, you're some celebrity and you read your comments. You just ultimately have to be depressed.
Speaker 3:No, I mean, I see it in some form, but like, when you get to that point, it's like they'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 can look at it like like who cares? The people that are talking share to the people that don't have shit, basically so yeah, well, that's what I told him.
Speaker 2:I was like welcome to the internet. And I was like but at least you're getting made fun of by people on the internet who's never met you or seen you like dude. My dad used to make fun of me for making tiktoks dude. He would like record me doing the videos of me dancing and stuff and like you know. So, like it is what it is, but it's, that's the, that's the internet for you I would have made fun of you too.
Speaker 1:Yeah, I mean that's. It's fair it.
Speaker 2:It's a valid point. Good you know whatever. But, I got sponsorships and stuff so I wasn't mad about it.
Speaker 3:I just want to know where you get an $1,100 trailer from, because I need one of them.
Speaker 2:man Team you.
Speaker 1:Oh my God, Now I got to get the trailer appraised. I'm going to call a trailer appraisal company and get my trailer appraised And'll post it on the on facebook so everybody could see put it in the comments very transparent exactly how much it is, whether it's 3 000 or 5 000, like I have no idea um, but well, you have to get it appraised and tell them that you didn't just get.
Speaker 3:You got the brakes done right, yeah they did the brakes yeah, so when you get the appraiser out there, just have him appraise it without having new brakes, because I wanted to know what the value was before they put $1,100 into it. Okay, that might not even increase the value at all, actually, I don't even think they replaced the brakes.
Speaker 1:I think they just bled them or did something stupid to get them working. I have no idea what they did honestly.
Speaker 1:They probably didn't even do anything. They just charged me eleven hundred dollars and didn't do anything. Yeah so, anyway, the boat is still not. I mean it's, it works fine. It was just a rod holder that broke off, but like just annoying. I went to this whole process and yeah so, but ultimately we got a viral video out of it, so that eleven hundred dollars went to good use. Got a couple, maybe like a thousand, followers on Facebook, so that's good. Next, what did I say we were going to talk about? Next, the office. I think. Did I say the office?
Speaker 2:I don't know if you said the office, maybe not. Oh, our training. I'm just excited about the office.
Speaker 1: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've been talking about on this podcast for like a year, it's finally four weeks away. I think four or five five years.
Speaker 3:Yeah, it's already april. Yeah, it's close I've been.
Speaker 2:Last this weekend I like just jumped on youtube because I hadn't looked at anything. Chattanooga was like I'd just been kind of ignoring it, to be honest, like kind of putting it off, and uh, our training's been ramping up so I'm trying to figure out, like the course layout. You know that, the elevation gain, like the swim map and everything like that. So, like this weekend I looked into it and watched some videos and it's actually a super cool race. Like there's so many supporters, like part of the bikes on the highway and there's like supporters out on the highway with signs. So I was, you said I like sounded depressed. I'm depressed because it's a lot 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:So saturday we did a two and a half hour bike and then ran five miles. Sunday I ran 10 miles, swam over a mile. Is that yesterday, biked and ran today?
Speaker 1:it's like every day and lifted weights each day too yeah that was a cherry blossom on sunday right, that's where you went yeah, yeah, so just a lot of time spent freaking working, but it'll be worth it, it's gonna be fun. We have a good group of people coming, like there's like 15 people or something. I think 12 people are doing the race, 16 people maybe a total are coming, so nick, are you gonna come and hold a sign for?
Speaker 3:us chattanooga, tennessee, okay paint.
Speaker 1:Maybe you can paint yourself like a color yeah, that'd be cool um, but yes, we are still. We're picking up with our run club on wednesday uh, wednesday morning at 6 30 at la fitness in pasadena. Whoever wants to be there to run, I'm trying to. We went to St Pete and saw this run club, remember that.
Speaker 2:Yeah, it was like 100 deep A hundred.
Speaker 1:I think that was generous. It might have been more like hundreds of people in this run club, so I'm trying to blow it up here too. I think, we're up to like six right now.
Speaker 3:Six people.
Speaker 1:So yeah, wednesdays 630 Pasadena.
Speaker 2:And it's just a casual run too. It's not like anything crazy.
Speaker 1:We never try to kill anybody. So if you're trying to go, nicky boy trying to get back, yeah.
Speaker 3:Yeah, I mean, with the warm weather coming, I think it's a good time to get us started um, did you buy a boat?
Speaker 1:speaking of going back to the boat thing, yeah, I'm picking it up tomorrow what I saw, that on your stories or something, what'd you get?
Speaker 3:I got a monterey m65 what uh, how big uh, 26 and a half 26, nice, that's nice.
Speaker 1:A boat and you have a boat lift at, yeah, yeah I just got it fixed.
Speaker 3:Um, like the controller was burnt out and I had some guy come over and fixed it for like 100 bucks nice and he like angled the bunks properly to fit my boat, which was pretty cool, nice it's your first boat I have a pontoon boat that we keep at the ocean during the summer, but it would be. Yeah, where do you have a pontoon boat that we keep?
Speaker 1:at the ocean during the summer, but it'll be. Yeah, where do you keep the pontoon boat in the winter?
Speaker 3:I have my parents, yeah, yeah, they have like a what's next to their property and a long driveway, so I just keep it down in the back nice very cool chase I'm the only one by boat chase I know kristen said that we have to buy a house first.
Speaker 2:She's like we need a single family before you don't need a boat chase I know kristen said that we have to buy a house first.
Speaker 3:She's like we need a single family before you don't need a boat if you have friends with boats, so you're good.
Speaker 1:Yeah, I know, that's true, that is very true. Um, so I know there was another thing that we're supposed to talk about right now, after this hmm, carl, edit this out. I don't know also I will say let's, I'm gonna get this out there, because I told him I'd record a video. But eric campbell, our youtube consultant, I'll call him right? Is that what you would call?
Speaker 1:yeah um, he is handling like cutting up videos, getting shorts posted and videos posted at the right time and tricking the algorithm or doing whatever those young guys do and figuring it out. Um, so shout out to eric campbell. He's been doing a great job. Our views are like through the roof, um, tens of thousands of views more than what we were getting before, um on youtube specifically, so he's been a great resource for us, um, and yeah, so shout out to eric not only that, stand up dude for getting in the comments and fighting for you.
Speaker 1:Man, it is, it was great, fucking hysterical that he was in there battling with these people in the comments and I'm like hell yeah, that's what.
Speaker 2:That's what I'd like to see like eric's, not even in maryland, like he's a virtual guy that we met.
Speaker 1: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 hardest thing to grow, I feel like the youtube is really, really tough.
Speaker 2:I saw a statistic today that said only 33 percent of podcast listeners watch video.
Speaker 1:Yeah, so that's a tough cookie to yeah, really. I think maybe it's gonna go leaning more towards like the youtube shorts yeah, and that's where a lot of people would take in our content and hopefully cross and into what listening audio listeners, um, but yeah, so that's cool nick. Have you bought anything, sold anything?
Speaker 3:I just sort of flipped yesterday and I was supposed to buy a house today. And here's a quick little story I was supposed to buy a house today it was from a wholesaler, so obviously it was a you know different title company than I typically use and I got to hud we didn't have a time scheduled yet, but I got it yesterday I'm reviewing it and there was a four thousand dollar water bill um credit on the seller side and they tried to charge me that four thousand dollars. And yes, technically, like if I paid the seller four grand and I have the four water credit, yeah, that credit is essentially mine, but I won't see that for three years. So why would I want to put up $4,000 of that credit to pay now when I won't see the return of that for many years to come? So I told them I'm like I'm not paying a $4,000 to the seller for their $4,000 water credit.
Speaker 3:Like how do you even get a $4,000 water? The seller for their $4,000 water credit, like how does this? How do you even get a $4,000 water credit to begin with? And like the seller can take that out with the water department. So we didn't close today. I'm still trying to work back and forth with the wholesaler and the seller to see what they're willing to do, if the wholesaler is willing to decrease their assignment fee and if the seller is willing to do something with not accepting the whole amount. But in my opinion I just don't think it's it's fair for me to be punished by putting out four thousand just because the seller had a four thousand dollar water bill credit. What's your take on that?
Speaker 1: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 them wrong, right?
Speaker 3:yeah, which happens a lot.
Speaker 2:Yeah, I don't think anyone would take four thousand dollars to hear a water bill so I mean, in my eyes, though, that, unless the wholesaler has been pretty transparent, that seller thinks that the buyer is going to take over right, and he's buying the house and he's going to take over and own it for enough time to use that four thousand dollar water credit. So, like I don't really fault the seller, but it's, it's nobody's fault really you know what I
Speaker 3:mean so like yeah, I don't.
Speaker 2:I don't know what you would do in that situation. I mean, I guess I would just tell the seller to take it up with the water company.
Speaker 1:Yeah, the only other thing you could do is tell them that you want the payment, but you'll pay them back as you receive it oh, like pay.
Speaker 3:Like not pay any at closing, but as new water bills come in, pay the seller yeah, I mean, are you flipping or are you keeping it? I'm probably gonna keep this one, which over time, yeah, but then you know, that's just the surface of it. And then when I get a tenant in there, if a tenant checks the water bill online and they think that they don't owe anything, but that's just like a whole other thing the main thing is like why would I prepay a fourth?
Speaker 3:I'm basically prepaying the water bill $4,000 at settlement. That doesn't make any sense to me at all.
Speaker 2:Yeah.
Speaker 3:When I have a tenant in there, the tenant's going to pay that water bill right, so certainly doesn't make sense.
Speaker 2:Yeah, it doesn't help you with the way things are going on expenses.
Speaker 1:The four thousand dollars only last you a couple months. Yeah right, yeah, oh, this person has a four thousand dollar. What about credit?
Speaker 3:let's try to make their like there's a leak there and drive up the bill. There's been properties that are occupied right now by long-term tenants and the water bill would stay consistent. Let's say just just an example like 120 a month, right, and then, like for like three months in a row, it spiked up to like $300. Nothing changed, no repairs were done, because we go to the property check it, nothing needs to be done, no toilets running, no, nothing. And then, like three months later, it drops back down to that same 120. We're like nothing happened, we didn't do anything, we didn't fix anything, we didn't notice anything wrong, we didn't notice any tool that's running, and then it just magically drops back to the normal rate which doesn't make any sense, and that's you, baltimore City.
Speaker 3:We're watching you.
Speaker 2:Yeah, yo speaking of I guess this is not the city Towson is technically. Baltimore County right, Did you guys see that kid that got suspended for pointing out to the baltimore county school board that there was not a flag and a couple of his american flag in a couple of his classrooms?
Speaker 3:no, yeah, he got suspended for that suspended and trespassed.
Speaker 2:So apparently he brought it up to the vice principal a couple times and the vice principal said he'd look at, look into it, and it's actually the. This is the crazy part. It's actually a maryland law that states every classroom in the state of maryland has to have a maryland flag and american flag, and so he was just pointing that out and he's actually going to join the marines when he gets out of high school. But he asked the vice principal hey, can you take a look at this? Didn't come back a couple times or whatever. And then he goes to the board in towson and he asked to speak to a supervisor and they didn't let him in. And then they trespassed and they call the cops. He has a video on it.
Speaker 1:It's crazy I just saw it on the news uh on facebook, but damn, absolutely crazy.
Speaker 2:Baltimore county city. You guys, that's some wild, acting wild.
Speaker 1:So that's a law, though, to have a flag in every classroom.
Speaker 3:Mm-hmm.
Speaker 1:I didn't know that. I don't think I had a flag in my classroom when I was a teacher.
Speaker 3:You probably took it down.
Speaker 1:Definitely didn't do that. No, no, I had the most American classroom.
Speaker 2:Yeah, I didn't know it was either until recently, hmm.
Speaker 3:Interesting. I mean there's still yeah, I didn't know it was either until recently interesting, I mean they still the like the pledge of allegiance too right, I don't think so, dude, they don't do that anymore.
Speaker 2:No, I think they do maybe at the beginning of the day, doing it every hour, every class face the flag.
Speaker 3:so if those classrooms didn't have a flag like, how would would they Right? That's crazy.
Speaker 1: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 is enough. Got it Now. I can't get this joke out of my head, but Whisper it in my ear. Yeah, now I can't get this joke out of my head, whisper it in my ear.
Speaker 2: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:Bought one, maybe like two weeks ago, pig town. I have another one um, another one under contract that should be settling on. We're just waiting for a lien certificate to come in.
Speaker 1:That should be next week um yeah, that's pretty much it we can um talk about kind of what we're doing with like the pre-selling things and the new construction yeah so we're um currently under contract on two lots um, one in annapolis, one in shadyside and we're building.
Speaker 1:We're going to build them, but we're waiting on building permits. While we wait on the building permits, and we're doing this with a house in the city as well and a couple other ones, but pre-list it. So we're listing it with just like renderings and like the drawing and footprint or whatever, and then allowing people to customize the build out um, and with renovo funding we don't pay any interest on the escrow.
Speaker 1:so we haven't essentially and we're kind of seller financing the lots, so we really don't have to pay any money while we wait. Yeah.
Speaker 3:Especially when you're doing a big build like that, like you don't want to be paying interest on money that you haven't even used yet.
Speaker 1:Right. So like that build out, I'm imagining we'll probably borrow like 350, 300,000 or 350,000. We won't pay any interest on that until we start using it we'll only pay incrementally as we start using it. So we're going to focus on a couple of those this year and yeah, yeah, it's a it's a cool niche.
Speaker 2:Um, I'm doing some of tyler's like pre-listings. He's they got him and his partners have a few uh in locust point and he's buying some more in luzane. We have an investor that we're doing it with right now. So it's like a cool niche because it's like semi-custom but it's not fully custom. So you're not like letting them like change layouts and do all this crazy stuff, but you are giving them opportunity to like change tile and paint the house to color out their finishes.
Speaker 2:Yeah, and and yeah, pick out hardware and stuff like that. So it's a very unique niche and it's popular. Man, I'll tell you what, like I'm getting absolutely blasted in locust point for those houses, so yeah, that's cool yeah, it's, it's a really cool thing and then, like just being able to like talk to the people and them being like have the vision in their head and they're like, oh, I want to do this and that it's cool to see people excited about buying houses I mean even our last flip.
Speaker 1:Um, at the end the neighbor's brother ended up buying that house, that big house that we're doing over here, and he at the last minute wanted to upgrade the um driveway and I'm sure his this brother said that he wants to get some stuff done in the kitchen in his kitchen across the street, I think, or something. The wife was saying that. Um, so that was cool, like literally put the sign up. These people called and they were right across the street. They ended up. We went under contract before we even went live.
Speaker 2:We didn't even list it so yeah, I actually got a call today from a broker who was driving 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 an acre. He's like only an acre. I was like, so we're in a park, dude, what are you going? Yeah?
Speaker 1:How many acres do you want? Um, but yeah, that was, that was a that, that one. We locked it in and called in a lot of favors for people not to buy it or bid it up, Because I felt like that one could have got bid up more. It made it not as desirable of a deal, but we locked it up, we got it done, so it's a winner.
Speaker 1:It's going to be a winner, unlike Lakeston right now Our other one is coming close to being a loser. It's so annoying so we could talk about this actually like how this kind of went down. So we went contingent the people that were buying it had to sell their house all right, hold on, let's backtrack a little bit here.
Speaker 2:We go live on the market. Within the first week we had like 14 showings, like absolutely blown up. We had people saying they're about to write an offer. We got an offer within what was it like? The first four, you know five or six days, whatever it was.
Speaker 2:And um, so we go under contract with the first buyer. His financing starts changing. It gets weird and we're just like all right, we're not comfortable with like you're, you were contingent on having to just rent your house, now you're contingent on having to sell your house. You're changing lenders. It was just a lot of weird stuff that was going on. So we backed out of that contract. He had an inspection done already, so we knew the things that we needed to fix because he had the inspection. So we go under contract again with the second buyer and we had already fixed that some of the things from the inspection. Well, that buyer had the inspection before we fixed those things and they just saw the things that were on the inspection. Like all right, we don't want any of this. And so they didn't even give us an opportunity to like fix anything. Um, I guess they just thought like craftsmanship, like hey none of it was a big deal either.
Speaker 1:It was all like stupid stuff yeah, first time home buyer probably.
Speaker 2:Yeah, they get spooked about a little, yeah so I'm sure they were like you guys missed this, like what else are you missing? But you know, nonetheless, they didn't even give us a chance to like, fix it, so they just back out so that that was the the second buyer.
Speaker 3:They looked at the first buyer's home inspection report. Yeah, how'd they get that?
Speaker 2:we sent it to them.
Speaker 3:Oh, you guys sent it to them, yeah thinking that it was just you know stuff that you were gonna fix.
Speaker 2:And yeah, we and we told them like hey, like there's a couple things on there that we're gonna fix, but here's the inspection. You don't have to pay for it. You know, we locked them in at full, asking too.
Speaker 3:So, um, they were trying to negotiate and that was part of our negotiation did they request additional things and like, in addition to what you guys had already planned to fix, or did they just see things and just get spooked and just wanted to?
Speaker 2:back. No, yeah, it was like the third day. They saw, like saw the report, and just they were like all right, no, we're good. And they backed out yeah, that that might.
Speaker 3:Yeah, I guess that's a little tricky because maybe they in their head they could also be thinking like why do they have this report? Why did they go under contract and fall out of contract? Are are they telling the truth about why they fell out of contract? The first time, sure.
Speaker 3:So I mean, I guess it's always like you never know, like should you just give them that homosexual report or should you just allow them to like run the course how they should and just order their own home inspection and let that come through and maybe get some different items that may pop up or whatever, just to make it a little bit easier?
Speaker 2:yeah, I think that's a fair point, um, something that we should definitely ab to us next time. But you know, again, we got out of contract with them nonetheless and that first buyer circles back and he's like, hey, I have my house on the market now. So we're like, all right, he's got the house on the market, it'll probably be dc, it'll probably be sold within, you know, 30 days, 40 days, whatever. But that was right before all the layoffs. And you know, we get under contract. No kick out clause, no, nothing. We gave him 30 days to sell his house, basically, and I don't think he let us back out until like the 21st day. So he held us up for an extra 21 days.
Speaker 2:We'd been under contract and now we can you, you can still be live pending like you can be active under contract yeah but not a lot of agents show houses that are active under contract.
Speaker 1:So yeah, so that one just kind of sat dead for weeks and weeks and weeks and then we went back live and we've had show. This is such so weird too, like we've had showings. Feedback comes back where it's like how did you like this thing? Excellent, are you interested? Maybe like how did you think about the price? Just right, like all positive shit, yeah, and like they're not making it offers like multiple. I look on these things and I'm like, okay, this is good, this is good, I'm waiting for that kicker.
Speaker 3:Like yeah, price is too high I had a last question like why did you?
Speaker 1:not. What would you rate this? Five out of five, I'm like okay.
Speaker 3:Well then, write me an offer, baby, come on right, it's too good to be true.
Speaker 2:Yeah.
Speaker 3:It's going to go too fast. I'm going to let the other buyer have it.
Speaker 2:Yeah, I just I don't get it. I keep texting him. I'm like I don't understand what's going on down there.
Speaker 1:I don't know, but we're working on it.
Speaker 3:So if you're out there and you're listening and you we got you Are you guys calling the people who are giving the good feedback and saying, hey, are you guys going to submit an offer? That's a good question.
Speaker 2:Nick, yeah, I mean, I think our agent is you think it's what he says he's doing.
Speaker 1:The agent that works for Chase.
Speaker 2:Well, that's what he says he's doing. Wait, who's the agent?
Speaker 3:Justin. Oh, but yeah, anyways, he says he's calling him, so I believe him, yeah I mean, I'm not saying he's not, I just didn't know if you guys were yeah, yeah, so and it's dude it is.
Speaker 2:It is challenging to get hard. Uh, get a touch of agent, get surprisingly right.
Speaker 3:It's like it's. Shouldn't they be answering their phones, yeah?
Speaker 2:even when I call agents to like ask them like I'm interested in, like personally I'm interested in buying the house it's hard to get in touch with. I'm like dang, how are you gonna sell?
Speaker 3:the house. Why post it for sale if you don't want the phone calls?
Speaker 1:right. So, dude, I just realized. Yesterday I started taking the. I have some continued education I need to do for my license oh, me too, I gotta have it done by april.
Speaker 3:Oh, it is april, april 20th mine's may 11th, I think.
Speaker 1:But dude, the one um literally said like there was a question that said, like gender is a um, like literally it was like there are more than two genders, gender is not connected to your biology and I was like that's a wild take for realtor.
Speaker 2:Like uh association to have like why like shut up.
Speaker 1:I just I hate that that's like so like didn't we get rid of that idea?
Speaker 2:I thought so, but I don't know I don't know that.
Speaker 1:That to me was just weird. There's so much in that um continued ed that's so unnecessary.
Speaker 2:But 10 and a half hours I'll be there clicking, click, click, click, click away how do you find out where that like, when that's due, do you get an email?
Speaker 3:well you should have. I think you have to renew it every two years, right, two years I got an email saying that I was gonna lose my license yeah oh, and you have. I think. I'm not for sure, but I think you have to start doing it like way before your stuff expires, whereas before it was like you can do it up until like the last day. But I don't think they want you doing that anymore. I think they at least want you to wait and do it.
Speaker 1:You know mine's getting done time before.
Speaker 2:Very much last minute yeah, so it's like nix's too I mean, I know, this is more last minute mine's, so I don't think mine renewals this year it's.
Speaker 1:It had to complete like an ethics class I have a 20 hour like the middle of this month. I have a 20 hour train ride coming up, so plan on banging out a lot of stuff on that train ride.
Speaker 2: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:Should we just have a private channel and just say them?
Speaker 1:yeah, yeah, we could just clip this for just the facebook group yeah, I, I need to get the.
Speaker 2:I mean, most of our agents are new, though, so like they're not even close to their two-year mark, some, I mean some of them are, but I need a little tracker or something that yeah tracks their ce renewals.
Speaker 1: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't know man, trying to build more businesses? Really, I'm kind of tired of buying real estate and doing all these flips and making a couple grand or whatever. I really want to build another business or buy a business. I'm like some insurance kind of business, like an insurance restoration company or something I was looking at one locally yeah, I don't want to say too much.
Speaker 3:You mean like a restoration company that does like insurance work?
Speaker 1:yeah, yeah because that's like the market, that we're not touching on the contracting side as much like the insurance stuff. So I feel like that's something that I could, uh, could, grow. The idea is really, if we could just like increase the revenue of what we're doing now and put it with another business, we can package it up and resell it down the road for a whole lot more.
Speaker 2:Speaking of selling, uh, we just had a consultation with purple plum, who does design consultations for like crms for mondaycom. So we're like building this like custom crm that's gonna fit, like it's gonna house, like the cancer group, uh p home buyers and p home remodeling, and try to be able to track, like construction sales, p home buyers transactions, the cancer group transactions should be pretty cool, but I don't know how any of it works yeah, it's very, very confusing.
Speaker 2:I'm leaving it up to young chase to figure it out and it's just a management system at the end of the day, just client, you know, client management system that can manage projects and manage, manage them throughout their life cycle. And basically we can be able to train some of our agents who have clients that need to get their houses ready for market. We can train them to sell the construction up front without the client having to come out of pocket, and then when we close, ryan gets paid, they get paid, everybody's happy is that what was posted earlier?
Speaker 2:the um tyler posted something about yeah, yeah, so we've been doing this. Um, I actually just did it in my neighborhood. Um, we did it somewhere else. Where else did we do it? Piping rock, yes, piping rock, my neighborhood, that was your neighborhood, and so, like I mean, for piping rock, for example, that was 30 grand that the seller didn't have to come out of pocket for up front. We did all the work, got it market ready, sold it stressful so do you want to work up front?
Speaker 1:yeah, because I was sitting on a thirty thousand dollar bag and we were and the seller wasn't being realistic with an offer, like taking an offer yeah, that's another thing to worry about, and you're not getting any interest on that money that you put up, right?
Speaker 1:right, right. Well, that's another thing that you kind of have to like negotiate like you. You have to like jack up the price a little bit to cover that you know expense of holding the money out. 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 on what he wanted versus what you know.
Speaker 1:We knew we were going to get kind of at the end and I was just sitting there with a thirty thousand dollar bag out. So that does it does get stressful, but yeah, it's something that we're trying to offer, um for clients to get top dollar from yeah you know from their listings, um, but it definitely comes with these challenges. I'll say, um, yeah, what else before I go to eat a bunch of sushi?
Speaker 2: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 a tutu just him.
Speaker 1:He's gonna go around. He's gonna dress in a tutu and a singlet, so, like his, you know his nips will be out and all that and um, he'll have a little cap on and he's gonna go around with a little duster and I think it's like 40 bucks a month or yeah, 20 or 40 a month subscription base. He's gonna go around a little fairy dancing around and uh just brushing down and changing filters, exactly, exactly.
Speaker 2:I'm going to disrupt the industry. I'm telling you that now you guys just wait.
Speaker 1:It's like OnlyFans HVAC CoLab.
Speaker 3:So they get to hire you in the different color tutus that you're going to put on.
Speaker 2:Yeah, I was inspired, by Miami real estate agents.
Speaker 1:Yeah, nice, so that's good. Also, chase made us into action figures today.
Speaker 3:Oh, yeah, that was funny. I saw that. Yeah, that was funny.
Speaker 1:They were really generous with my muscles, so that was good.
Speaker 3:Are they just pictures, or are they actually?
Speaker 2:Yeah, how do you make that? So, actually, shout out to James at Vibe the creative director. I had seen the prompt before before, but he put the prompt in there and just challenged people to like, hey, make them, and then, like, I'll send you coffee, like for the best one. And so I threw the prompt and chad gbt, you put the picture in there. So, like I had pictures of all the guys and if I didn't, I just went to facebook and snagged one and, uh, just uploaded it and said, hey, this is, this is construction agent ryan. Build out his thing and give him construction accessories. Um, and your, your picture was the the one of you running in your tri-suit.
Speaker 1:So that's so funny, that's why you got the tri-suit yeah, look, jacked, maybe carl can post these up on the uh youtube.
Speaker 2:That's funny yeah, they were very generous with my head size too.
Speaker 3:They made my head super big yeah, you just see what happened yeah, this is a big head, and because you got a little p head yeah, I don't know what's going on you said they were very generous. They made sean look like peyton man.
Speaker 2:They made Sean look like Peyton Manning.
Speaker 1:Yeah, he does look like Peyton Manning.
Speaker 3:Oh yeah, that's so funny, oh man so you guys have a couple flips going on right now.
Speaker 2:That's the one of them that you mentioned. That's a little rocky.
Speaker 3:Any active ones right now that are under construction.
Speaker 1:The one that's under contract that we just finished, and then the one that's dying. Those are the only two, besides the new constructions that we have active.
Speaker 3:So you guys are buying the lands that you bought. Is that for something that you're building? Yeah, got it. Yeah, we own the land or selling the building, but you're going to try to find a buyer during the construction phase to kind of let them do their stuff.
Speaker 1:Yeah, we're trying to pre-sell it completely. So the idea is that the new buyer can bring the construction loan from their end, so then we could close down our loan with Renovo, potentially without paying anything at all besides maybe some point or two, a point and a half, whatever, whatever it is Um. So that's kind of the idea. And then you know, we give them the 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:What are you looking to make off of the new builds? Um two gonna make off of the new builds um two pennies. That's something that we should discuss.
Speaker 2:Uh well, I mean in general, like if I'm doing, if I'm doing a flip, like just a general rehab, I like to make between six figures it's gonna be six figures yeah, yeah yeah, um that, and it depends on the time too, but that's the other thing that people don't realize is, like you, he says six figures, but it takes six months at the very minimum, it's gonna take a while so like you could do three flips and make 30 grand a pop or whatever.
Speaker 1:Yeah, so it's, but it is honestly like there's less variables in the build out and you use a lot of subcontractors, so it's it's much more scalable in my opinion, um, because, like you're using a foundation subcontractor, then you're using like a framing subcontractor. You can repeat that with many different subcontractors where, like when you're running like turnover crews and like these quick flip crews that we have um it, you can't do that many at a time because that crew could only handle a couple of jobs at a time, but when you're managing it with mostly subs, you can line everybody up perfectly yeah, as
Speaker 3:long as you don't have 15 foundations to do at the same time, you can bounce from one to the next, to the next yeah, that's what I started doing over time and like when I first started it was just like my crew is doing every single thing. And then it's like I know that now I get drywall crews out there They'll hang the drywall 200 sheets in one day and then they'll come the next day and spackle and then come the next day and spackle again and sand and whatnot, and that's a lot easier. It's like the time it would take my guys who don't hang drywall every day. It just almost costs me the same amount. Might as well get it done. Might as well get it done like sooner and faster and just have them just start doing the trim after that and the flooring and all yeah, that's.
Speaker 1:That's why the new builds are nice, because they're just. They're planned out like you can have just a set of fixtures and a set of finishes and just reorder the same thing. I mean, the two houses that we're building, one on Dorsey and Annapolis and the other one on Shadyside, are almost like damn near the identical house. So it's four beds, two and a half bathrooms, like all the fixtures and finishes are all pre-picked out.
Speaker 3:And if they want to upgrade.
Speaker 1:It's going to cost them some money. So that's what we're going to niche into. I think a lot of. There's just so many people flipping. You know, everybody can renovate a house, but people are scared, I think, maybe of new construction. Or it's just like they've never like I was forced into new construction when a house fell down that we were working on but um once you do it, you're're like oh wow, this is actually way easier pound for pound than remodel work.
Speaker 3:So the plans. For example, how much do they cost up front to just get an architect to give you the plans?
Speaker 1:So what's nice about most of the ones that we're doing is that we're building the same plans, so you can just use that each time.
Speaker 1:You can reuse the same design plans and you can get them slightly altered by a, a designer, um, for 1500 bucks, or or less, um, if you just wanted to like. Oh, can you make this a little bit wider? You know, whatever. Um, yeah, once you have those plans and those sets and you've done a couple of them, it also becomes easier from a project management perspective because, like my, my lumber guy, for example, did a huge lumber takeoff on this drawing I'm like, hey, I'm building another one of those.
Speaker 1:Well, it's the same exact lumber order that I did before my go, just order that again, it's the same exact draw order you know exactly how it. Once you do one, you know exactly to the sheet how many sheets you need.
Speaker 2: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 construction because of the time frame that it takes and then also the upfront capital for some people yeah, it would take.
Speaker 3:For me, it's just like when I do my houses I'll go in there with a spray cane, a spray cane, spray can and a measuring tape and I'll design the house how I want it with that, right then and there, whereas like a new construction, like I don't deal with architects, 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 property, like 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 property, like I don't know much about that, like I don't know well, yeah, that's a good point.
Speaker 2: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 like slowly like have like telling him and showing him about the lots because, like some of the lots are critical areas, some of them aren't big enough to build, like there's different things that pop up that make buying land a lot more difficult than just like what we're doing. We're like the shady side lot, like it's almost, it's almost ready to go, essentially like permits already going to be in hand, so on and so forth, and like that's just a turnkey lot versus like having to go through the whole steps of like working with engineers and architects and the the permit office, those those things.
Speaker 2:So yeah a lot of unknowns there for investors, I think, and house flipping just a little simpler to grasp at first.
Speaker 1:Yeah, definitely to grasp. There's just so many more variables, which is that's why new construction is just nice, but hey, not everybody could do everything. I think, uh, this is a good niche for us to stick in for a little bit. I think new houses are also selling faster than existing houses and flipped houses I don't think I know it's a statistic. Um, especially in other, in places where the market's really tanking, like florida, the new builds are still outperforming the ones that are listed on the market, it's really bad there.
Speaker 1:It's really bad. Yeah, I. You look at zillow and it's like lit up like a christmas tree. Everything is for sale.
Speaker 3:It's crazy I had a an investor call me last week. He said he got my info off an investor lift and he said I was flipping a house. We renovated it, it got hit by the storm and now I'm having a really difficult time selling it and I might have to go into foreclosure because I can't afford my hard money loan. And like we talked about the private for a little while and I'm I've been interested. He said it's not in a flood zone but that storm just like destroyed a good part of it, like some roofs, some trees fell.
Speaker 3:And I looked it up on a map and it's like right behind like a mcdonald's. I'm like that's gonna be tough to sell. He's like, yeah, that's when we had on the market before the storm. He's like that was like the inside of the house is like perfect for a lot of the buyers, they said. But the location, it was literally just right behind a mcdonald's and I'm like, yeah, man, I'm gonna have to pass on this, like if it was like farther, like away from the main road and just like businesses, it'd be probably a good opportunity. But I think the location is also important but think about those late nights.
Speaker 1:You come home stumble to mcdonald's.
Speaker 3:You need a little mcriddle you can get like a little scooter, ride it down the road at least. At least get me a few houses away from mcdonald's yeah, location is super important.
Speaker 2:That's what me and ryan were talking about with upper marlboro and then pasadena. We were like dude, imagine that we could. I mean we are, we're gonna close on pasadena more than likely before lakes unless some miracle happens, but that's, that was the deciding factor. Like the people that are buying it their family lives right there, like they're gonna own this little corner of the block and it's because of the location, yeah, and and we're getting mass, massive amounts of call pre calls before it even went on the market but also location doesn't matter when the markets crashing too, because because like 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 of people are selling.
Speaker 1:So I think for a lot of reasons I don't think those like super expensive houses sell because insurance got too high, but maybe is that what you're hearing a lot of, though, just in general, I think in general, like the insurance costs have gone up so much that people like regular people just can't afford to pay for the older people that are retired on fixed incomes down there right so like yeah, if they get shacked up and they're screwed, yeah, yeah that's eating away their fixed income. So but that's a problem I think you're right.
Speaker 2:I don't think most of the time the the bigger houses that are in like st pete, the more expensive houses. It's not like an insurance thing. I mean you were talking like some 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 is located versus being in nice, florida, working remote. So dude.
Speaker 1:Another thing recently that got crushed. The freaking stock market got completely crushed. My NVIDIA is not doing so hot right now. I got to buy. I bought another couple shares, yeah.
Speaker 2:You didn't text me to buy more shares.
Speaker 1:I know. I don't want to tell anybody to do anything right now.
Speaker 3:What was it the last time you looked?
Speaker 1:$100. $100?
Speaker 3:Oh wow, it's up from like your buying point right, oh, yeah, yeah. No, I'm up overall, but I mean it was at like 150 or something like that yeah, and I have like 1600 shares.
Speaker 1:So 50 times 1600 is a good bit of shavings yeah got shaved.
Speaker 1:Yeah, pretty good got shaved. Um, but it'll come back, it'll bounce back it's. I think you know the tariffs thing is throwing everybody for a loop. I saw some funny signs when we were running that cherry blossom race. It was very like a very liberal obviously, like you're at the fucking cherry blossom festival in dc gonna be a lot of liberals, a lot of blue hair. And the one was like we were running a 10 miler and the one sign was like we're actually running 12 miles due to inflation and like one sign is like uh, run fast before the tariffs do something. And and I'm like, oh, my god, we are in dc. Yeah, it's like everything is like something to do with politics.
Speaker 2:I saw one uh speculation that basically trump's doing this on purpose so that way he can get rates down so you can refinance all that too.
Speaker 3:The debt, the debt, yep the national debt.
Speaker 2:So that would be interesting move if they. They tank the market just to get rates down to refinance.
Speaker 3:Why else would that be happening?
Speaker 1:I don't know that would be. This is not news. We are not a news station.
Speaker 2:So don't take anything with these idiots. I said it's speculation man.
Speaker 3:Yeah, I mean, if the rates come down, we're all getting more rich.
Speaker 1:Yeah, yeah, we do need the rates to come down. So, daddy, let's, let's get that 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 that we would get. It would be I would buy another boat, we could buy another boat. Yeah no no.
Speaker 3:I would be really excited if they came down to five. Yeah, I mean, I have a lot at like 8%.
Speaker 1:That's what I'm saying. I got a lot at 8%.
Speaker 3:My primary is at 7%, so if it came down to five or four and a half, that'd be pretty good.
Speaker 2:I mean you could get a 5.8 right now. Arm.
Speaker 3:For like your primary. Mm arm for, like your primary, mm-hmm, what do you mean? Like an arm, like fuck, like it just worried. Okay, that's a good time to get that, because it's probably not gonna go up yeah yeah you'd save a point a year on a million dollars. Yeah, I pay like seven grand a month now. I mean my mortgage is 63 but I just pay seven, so I'd probably come down to like 55 maybe yeah, maybe something to look into.
Speaker 3:It's a point, 1.2 points the credit unions man, zero, zero points to refi yeah well, so my the lender that I used dml to uh to buy the property. They gave me two years to refinance it for free. I mean, obviously I still gotta pay for like the appraisal and everything, but they won't charge any lender fees during that period, just because when I bought it they were like super high, the rates were high yeah, I would look into it.
Speaker 2:I mean, I've always been scared of arms, and I think you had too until, like sean started talking to us about it yeah, I mean three years ago I wouldn't do an arm.
Speaker 1:Now's the perfect time right, yeah, you don't want to do arms when it's three percent 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 that I'm not gonna get greedy yeah, I mean it's not gonna get much lower than three or four. So right, that's what I'm saying yeah so there were some good days, though.
Speaker 3:Three and four percent. I actually had a dscr loan locked in at like 2.875. Well, I mean, I I closed on it at 2.875. I'm like looking back, I'm like, how did that even happen? Like I didn't even think that that was down that low I had.
Speaker 3:I have a one that's at 2.75, but it's in my personal name maybe it was three, I think it was 3.8, because I was refinancing a 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 what it was, but still like that was like it's a good time.
Speaker 1:Yeah, yeah, the good times have passed hopefully they come back. We'll see yeah, hopefully they come back um. All right, that's all I got for today that's always what do you got? Anything to add no, our event uh, it's not. This isn't gonna come out for that, so all I got that won't matter, all right. Well, maybe next time we'll have 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.
