EP 122: Coming Soon From The Hivemind

Transcript

are you are you still partnering with

the

junior league

what did you just say are you partnering

with junior leon deals

trying to yeah

oh man how has the leap flow been pretty

good for you guys

see here i gotta turn the volume up

there we go

what was the last thing you said there

i said what were you guys uh how is his

lead flow been

um man i've been hitting facebook hard

hard hard

looking for jb opportunities or what

yeah well i mean i've been hitting

facebook trying to get these i'm on

dyspo

yeah i've gotten a lot of i've gotten a

lot of hits but haven't reeled anything

in yet

yeah man a lot of times on facebook a

lot of people are

you know

they have deals that they know they

didn't know how to price correctly and

all that so you have to sort through a

lot of information to be able to get a

good deal but it is possible

yeah so what what i'm doing is i'm just

pointing out that we have property

available

and then replying with uh

you know replying getting their email

address and replying letting them let

letting them know that we have leads

available and what they're interested in

and trying to get them a list

but i get probably

maybe one or two out of ten if that

are actual people that are wanting to

buy land i get a lot of new western oh

my goodness

it seems like every third response is a

new western realtor or keller williams

you know and so i asked did you straight

up ask him are you a realtor you know

we're looking for end buyers we're

looking for cash buyers

and a lot of other uh wholesalers too

i'm not looking today's chain

yeah man so i've heard a lot of good

things about new western's uh dyspo

abilities i've i've never worked with

them but um

i've heard good things about them i

think they did like 890 million last

year or something like that the year

before

yeah i talked to one of their i talked

to one of them last night she said

they're like the largest or the fastest

growing

uh and i wouldn't doubt it i just got an

offer

on a piece that i picked up on facebook

um but it my seller's too high i

couldn't take it

but i don't know i don't i mean my

seller

i think my seller's high on the

the problem with this property is he got

it for six grand like

just like middle of last year or you

know eight months ago something like

that

and so anytime anybody pulls the

property up it shows that he paid six

grand for it

now the guy was a neighbor so

you know i don't know how much cash was

passed you know behind

that wasn't taxed you know

but uh

that's the problem i'm having is a lot

of this property is people are wanting

three and five times what they paid for

it just six or eight months ago

everybody knows the market's going crazy

and then the marketers are going crazy

and all that stuff so yeah again just

sorting through a lot of information is

it probably the only way to get it done

yeah

i got a card right here from dan diaz i

wanted to share this with you guys

um it says uh use this when a seller

asks if you're going to give them a

lowball offer

it says we cannot pay for market value

for your property there needs to be some

kind of margin for us

but we will make up for that in speed

and convenience knowing this is there a

reason for us to still talk about your

property and situation

that's it because if you're going to

comb through a lot of information you

need to get to cut to the chase pretty

quick

i tell every single seller that hey i'm

a i'm an investor and i look for

properties where there's a little bit of

room for me and i asked him do you think

there's any room for me on this and then

let him tell you yes or no right then

and there

and then um also if you're high man i

mean

you can still go back in and try to work

out some kind of creative finance or

something like that so even if they are

high you can still try to piece a deal

together you know i've even done deals

where i've offered them more than they

were asking and just well how does that

work

i'm gonna need a little bit of time with

the property you know maybe 12 to 24

months

that makes sense that makes sense i just

missed one the guy

i passed on it for 25

and uh he sold it like yesterday or

today he sold it for 30. it was uh two

half acre lots and a builder came in and

bought it

and so i missed you know an easy five or

five grand or so if i just would have

said okay yeah i'll take it and

but uh it's on a cistern and i just sold

one up in that neighborhood for 22.5 and

the guy was squirming and didn't want to

pay 22.5

but yeah

things are going crazy

hey does anybody in the hive do um

short-term rentals

i'm about to right now hopefully we're

closing on one you know maybe tomorrow

monday something like that but i have a

i don't know i'm not doing it myself

daniel has a battery daniel

yeah i have a guy and we're trying to do

more in atlanta right now too

68 yeah

i mean i have a lead i have a lead on 68

uh short-term rentals that they're

selling as a bundle

i don't know i'm working out them i'm

getting more details i'm just seeing if

there's anybody interested in it i know

it's uh

but yeah is that the one from data

are they trying to sell it

yeah

you know that's another thing too

because somebody might have bought it

and then thought that you know it was

going to be very easy right like the

gurus tell you and then it turned out to

be more work and they wanted to mess

with so

i know daniel knows a guy i think that

what he does is he partners with them

and then he just shares revenue with the

person that owns it

yep so he does like uh like a management

agreement

sounds like property management but he

he negotiates a higher spread but he

does buy too

um the problem with like sometimes with

the portfolios the airbnb portfolios

they'll try and sell it like commercial

as far as cap rate so it's not even the

land the house value

so they're usually trying to sell over

arv which

says defender right buyer for it that's

all

right

it's a cool business model

yep hey guys so the reason we wanted to

just bring everybody together today is

uh we were interested in talking to

those of you that would like to you know

build your your business

uh scale

build extend like the software portion

of your business i feel like a lot of

people don't grasp you know why we

created a software company instead of

scaling and focusing on our real estate

company

but um you know i think it just leads

down to one one phrase right and that's

human capital

and i don't i don't know if everybody in

the hive mind quite grasped yet we don't

talk about it a whole lot but the only

thing that would help you scale your

business faster than anything else is

human capital

so imagine this right imagine if you had

50 or 100 people

that come into an office every day or

they're working from home and they're

working on your behalf

what do you think would happen to your

business

if anybody could just unmute just what

would you think would happen if you had

100 people texting and coming bro

it would grow tremendously

it would be nuts it would be absolutely

nuts right

and uh that was the model so what the

software does is it gives you permission

to share the information with people in

a way so that if they do partake in the

software

they build their company inside of the

crm well you're holding their hand you

know bringing them to the meetings

getting other people to help them do

deals

it makes things very very simple

so right now i have eight people working

with me helping me do deals answering

leads like calling leads for me doing

the first touch running comps you know

so for every deal that i'm doing i'm

doing very very little effort and then

even like sometimes i don't even know

how to closing like title would just

text me and be like hey can you be here

by 3 30 i'm like uh sure what's going on

like oh you have a signing today

there's nothing special that i did

there's nothing there's no magic formula

you know there's no 8 000 pay wall

it's just

sourcing human capital was the whole

entire purpose behind hiveline is to

find people that

that can help you and you can help them

even if you're brand new and you don't

have a lot of capital then you can offer

your time to somebody else that's in the

group and i think maybe some some of us

feel a certain way like we said well i

don't want to you know bother people and

i don't want to jump in people's inbox

they might not like it but that's our

business model

you know the business model is a hive

it's for for us to be able to lean on

each other count on each other

and if you can give somebody else your

time maybe do some some cold touch on

some leads help with dyspo those types

of things that somebody who's doing a

ton of deals like if somebody said hey

anthony can i pay you a 100 bucks an

hour to make phone calls the answer is

already no

i don't have that kind of time to invest

anymore so

i try to provide leads to my team

members so that they can do those warm

touches and then they're getting paid

you know really really nicely um one of

my team members on the day we're going

to close in about 12 days

she's going to make about 35 000 on that

lead

um so

it's like why would i give up 35 000

for somebody to spend an hour and a half

two hours working on a deal

and the answer to that is leverage

because

nowhere in my mind am i thinking like oh

i would give up two hours of my own time

so i can capture that 35 000 because if

you're thinking about it that way

then

you're gonna have a hard time scaling in

the long run

because again if i can have 100 people

or 200 people or like 320 330 and

hiveline right now helping me do deals

then i don't need to make 100 of the of

each deal you know if i only made 30 of

each deal and i'm doing 100 deals a

month you know i'm doing okay

so it is hard for me to accept that and

see that you know i just gave away 35

grand when i could have did it myself in

two hours but

it's about where i'm headed

it's where i'm headed in the future

so i'm not too worried about what's

happening right now because i know what

i'm building and that's what i wanted to

chat with

with you guys about today

see how you're you know what are you

doing in your business

um how are you leveraging your resources

and if you're not thinking about human

capital um what can we do to you know

kind of turn that switch on in your

brain so that we can start to help you

scale your company

so anthony i kind of want to i think

this brings up like the whatever we're

going to call that the

so we're getting a property sub to uh

this next version was that we're closing

the property anthony the the big hot the

big house well we're hoping to meet them

tomorrow if not maybe it'll push until

monday or something other saturday so

we're getting a

five bedroom five bedroom five bedroom

five bath house that we're turning into

the hive mine headquarters um we kind of

mentioned it a couple weeks ago that's

going to happen um

everybody said yes yes

all that process has been through and

through so we're supposed to get the the

keys

friday or monday

and um one thing we're going to do

next month i don't know what we're going

to call it yet but this is kind of like

the pre pre-sale to that

is uh we're going to show you exactly

what anthony is doing to find that deal

um we locked up 2000 acres using that

same strategy we found the house using

that strategy

um it's just texting a lot of people so

we're gonna do um

one one year subscription

with uh

it was 1 300 acres not not 2 000. oh my

bad 1 300 acres sorry

so you like the 1300 acres in the house

that he's getting tomorrow um using just

a text blasting strategy so we're

probably gonna do this uh in march

but we'll give you uh it's going to come

with room and board food

and we're going to cover the software

real estate negotiating land deals all

that good stuff and it's like a week in

the trenches we're thinking we're

thinking of a name still but

it's going to be and you get a year

subscription of hivemind with this for

29.99 so it's going to push it we're

going to put you to work that's all it

is it's going to be work we'll provide

the leads we'll provide the marketing

we'll teach you how to do it and we'll

provide room and board and food and

hopefully you'll make ten twenty

thousand dollars working there for three

days you know

we really want you to succeed

and uh get traction quicker

so um a friend of ours did this recently

and he got had really big success with

it so we're trying something similar see

if it works out so whoever's interested

in doing being our first test dummies

um we're gonna we're gonna make it

happen so i'll probably fly out and

teach the system and anthony's gonna

like put you in the put you put you to

work working working the phones and the

sms that way we can uh get some get some

big big deals on the pipeline

so i uh i just wanted to introduce

myself um

anthony and i we've

i guess known each other for

quite some time now my name's connor

hood i know bob's on the call too i've

talked to him as well

i am a farm and ranch broker this is my

first um

hive meeting i guess uh

with y'all so hope everyone is doing

well

but anyway i i am a farm and ranch

broker

and i've talked to anthony about this in

the past before

and i can tell the group this i have got

some big investors

who

um can spend quite a bit of money

and they're looking for anything

basically within an hour

from any major city

uh 500 acres and up

and as long as 10 to 15 percent

of the properties are not in

um a flood plain

uh they can spend ten

thousand to fifteen thousand an acre

uh price wise for these guys

you know they really don't have a budget

as long as it's kind of the right fit

from an hour from every major city

and so um i've talked to anthony in the

past before he sent me some deals but if

you all have got

anything in the pipeline that might be

worth my interest

definitely be interested i kind of know

how y'all's business model works i'm

kind of on the

opposite side of it and i've talked to

anthony about it um in the past on

how we could basically work out some

deals together anthony i don't know if

you want to

step in and talk to them about that

model

um but i think that model could be

advantageous for everybody

hey man i'm not too sure which model

you're referring to

okay so um

basically

deal with more of the retail side of

farm and ranch right

whenever y'all get a chance y'all can go

check out the website um

and i can like text a link or you know a

website later but it's hood

hoodrealestateinc.com

and all we do

is farm and ranch properties uh we got

stuff all the way up to 150 million

currently

and

basically with the wholesaling side of

you know if you all find a deal you know

uh currently as a wholesale like

for an example if you all find a

thousand acres

uh contracted on five thousand an acre

my guys can pay

retail for it because they're buying

holds

and say you know retail value just for

talking purposes is 7 500 an acre

right um

you know basically we contract on it buy

and we can either work out a deal where

i can make a commission

uh from y'all on the deal while you all

make money as well on that 2500 an acre

gain

or if the sellers that y'all talk to

if they are not interested

wanting to

on paper try to sell their property

for not a wholesale price and want to

sell it for a retail price

you can refer me to those guys and with

whatever commission that i make

um you know we could work out a deal

with hive mind or something as a

consulting fee

and

get you all paid on those deals

does that make sense

make sense to me man

yeah i gotcha

appreciate that man

sure sure yeah it's uh

you know as a

as a broker it's it's hard for me um

because uh

you know i deal with a lot of people who

buy retail now of course if i find the

deals that are wholesale deals

obviously you know i would take those to

my clients like right away um

but i think uh

it could be beneficial for all parties

in this circle

um because uh

um you know

both parties can make money either way

like okay

pay um

party a

you know y'all approach them

you know they don't want to sell their

property for

you know or y'all contracted and try to

make money on it and then talk to me if

i got a buyer for it great and if not if

they want to sell it for retail

then i can you know basically bring my

buyer in buy it with that commission

and then you know get you all paid as

well

hey i'll say uh don't discount what uh

connor's saying right here

um if you have like a 1.5 million dollar

deal and he gives you just one and a

half percent of his commission

we're looking at like 22 000

so instead of not closing the deal we're

with connor here

right yeah exactly i mean

you know i've uh i've already talked to

bob and uh to anthony kind of about this

uh approach

um already

and um anyway

it's just never come to fruition because

we never really had the time to discuss

and i knew i was supposed to talk to one

of bob's partners and we never got the

opportunity to do that yet

but uh anyway like i said

if you think a deal is going south on a

wholesale deal fine if they want to sell

it for retail fine right and then we

could work out some type of deal hey

thank you all so much for the lead

i bring in my buyer to sell it or you

know to sell that property and if i

don't have a buyer um that can

you know that can take it down if

they're interested in listing it

you know best case scenario with icing

on the cake

uh you know we could do a six percent

commission

and uh worst case is three percent and

then whatever that commission base is

um you know for whoever sends me the

lead i can write a check um you know as

a consulting fee

uh so what states are you licensed to

list the properties in

say that

again which states are you licensed to

list the properties

i'm just a broker here in the state of

texas um

but as far as people in other states

i can represent people in other states

do negotiations i just can't uh

legally have a promulgated form

and draw it up in another state

but as far negotiations go i can do it

verbally like in new mexico colorado

other states

but uh it would have to be on a another

broker's form that we would have to

verbally do that deal with

but as far as texas goes

i'm full blown i'm all over the state of

texas

you know you can ask anthony and bob

about me you know we've uh

uh i mean we go all the way to marfa

alpine amarillo

uh anawak near you know east of houston

south texas to hebronville um you know

we're all over the state so

and connor you said that's uh strictly

uh farmland

farm and ranch property yes sir

strictly farming ranch

great man thanks for the opportunity

appreciate that

yeah yeah no problem and like i said um

you know if you all want to uh uh go

check out uh our website and whatnot um

i'd be more than happy to send uh if

anybody wants to send me their

information um

you know we can uh uh definitely you

know get in contact with each other and

uh you know go from there

hey connor you can just pop your um pop

your uh

website right in the chat and then

everybody can just uh copy it down

yeah let me see here how do i do that

three buttons on the lower right hand

corner uh should be chat or more or

something like that and then you can

just put it right in there in the

messages

yeah let me see here

okay here we go

i got it

cold thanks man

yeah no problem

for sure

muted thanks connor appreciate that man

so yeah

yeah i appreciate that so then you got

big deals shoot it to connor

we worked with him on a bunch of other

deals before so definitely the person

you want to connect with and no

um so uh we kind of have a uh there's

connor's information

um so people are asking me so the high

boot i'm gonna cover high boot camp

again real quick it's gonna be monday to

friday five days comes with room board

food uh one year subscription of hive

mind and it's gonna be uh 29.99 for one

person if you have a partner you want to

bring in it's 49.99

uh we're gonna have a link for that up

so uh probably

by friday probably by tomorrow so if you

guys are interested definitely hit us up

go ahead danielle

have you guys decided when in march

um it's probably gonna be the march 7 to

11. that's what we're doing march 7th

okay all right

yeah march 7 to 11 and uh we just picked

up a property uh

for this that we're gonna

remodel and make make uh make do i don't

know if we'll do it again but we're

gonna try it out and see how many people

come too many people are interested in

it um

and uh mike novak i don't know how much

beer will be provided but you can bring

some

that's gonna be that so we're working on

a lot of different things right now um

we're gonna launch that in march like i

said first second week of march

i'll have a website for you guys

tomorrow just look for that in the

facebook group everybody that's

interested in that dm me on instagram

facebook or text me if you have my

number whoever that is i sex a bunch of

people might hear my number interested

in that um

we're trying to launch hive university

so i'll kind of paint a picture what

have university is going to be like

hype university is going to be

weekly calls

based off of certain niches

so uh hphs already agreed to come on and

cover creative finance and sub

um we're gonna make it affordable um so

they're gonna do one hour minimum per

week

um minus holidays so at least be three

three times a week

to some effect um but they're gonna

cover we're gonna have different people

covering different things so uh chad

doherty is going to cover how to build a

portfolio and do real estate um hbhs is

going to cover creative finance

anthony's going to cover uh doing large

lane deals subdivide and all that stuff

um i'm probably going to do it for uh

like hive mind just base calls

uh maybe at least

maybe two to three a week two or three a

month i mean um covering like hide mind

questions if you guys need help with

anything on the hive mind side um so

we're really gonna try to provide a lot

of value um

more than we are now on a large scale so

the whole thing is we really want people

to learn and learn how to do business

better and like i said hopefully i'm

going to bring airbnb

sales

credit you name it i'm going to bring a

lot of different educators covering

those topics specifically and you can

jump in between

courses and productions

we're going to launch that hopefully by

the end of the month

we also have we're launching a high

buyers club

that'll be launched hopefully within the

next week or so we have some people

contributing on that side is that

anybody has any deals that need help

with dispositions or if they want to

shoot deals

we're going to try and buy as many deals

as possible in texas so if anybody has

any any type of deal single family

houses

uh we'll look at all those in the next

two to three weeks as well that's coming

out as well by the end of the month

other thing coming out by the end of the

month is hive media if you guys do a lot

of media content we're launching a

subscription-based unlimited video

editing platform called hive media

essentially will edit unlimited videos

for you

for 1500 a month or some side effect

hey daniel uh real quick uh

with the uh purchasing of like single

family home stuff that you guys are

planning on doing yeah um

will that only be in san antonio and and

the

surrounding areas or are you you know

basically throughout all of texas it'll

be all over texas um like i said we'll

buy the single-family homes but um

schreier who is here right now we're

looking for uh large deals half a

million or higher bigger as well for

multi-family commercial and industrial

and land as well so literally we wanted

to see every deal you guys got because

we might buy them

um and and is he is i'm sorry is he um

thinking about portfolios as well

uh schreier

yes did you leave

i think

where'd he go he was just getting let's

go go try her

oh hey

sorry i for some reason my car draft

everybody uh this is for ryer i'm

i'm from houston i do most of my

buying and selling in houston now in

dallas market so i know anthony

and the team and everybody else for a

long time right so that's happy to jump

in uh for the commercial deals anybody

would have any questions around those

bye to anthony and daniel and i'm at the

back end of it uh what i can walk you

through up to 20 25 million dollar deal

i actively buy lands and i don't buy

single family i stopped buying single

family i should say

but i also buy

commercial assets apartments and lawn

apartments as well so

anybody would have any questions any

deal you know pass that to danielle

anthony i'll come on the back end and

get you guys a preliminary number

and also i can create the

range of prices you could go in

potential negotiating strategy

then if the number goes out happy to

help you to sell and or buy as well

yeah so that's shariah khan right yep

yep

okay greg yeah we had a conversation

before i'll keep in touch

hey thanks for ironman

um i just wanted to say that

it's probably going to be schreier doing

the commercial portion for the hive

university um he's also talking about

creating a portal so that when you have

a deal that you can submit um if you put

in all the deals uh the details about

the deal then it'll automatically

respond to you and let you know if it's

a deal or not so yeah lots of cool stuff

in the works

so uh we'll have the link for that hide

buyers club for all your deals to submit

we'll have that up

probably i'm gonna shoot for let's say

saturday or sunday

um so all that stuff is we're working on

a lot of different stuff there's a lot

of up-and-coming stuff where we're

releasing so keep an eye on that for the

in the facebook group um but we're

working really hard to make sure you

have a lot of

as much help as you need in different

areas as you need so

there's definitely a lot of opportunity

that we're releasing and coming out with

on side side note the podcast side

we're uh

we're releasing five episodes a week

check us out on all platforms um we

brought on co-hosts so i i got uh frank

spalding helping out matt rogers

and

oh uh ariane ariana villanueva is

helping out with our spanish section so

we're releasing more podcast episodes in

spanish in the near future so we're

really focusing on that so there's going

to be a lot of

a lot just going on and all different

directions um hive event this year chai

trap event 20 20 22

we're shooting for end of september

i mean end of august early september

it's gonna be that last week of august

or first week of september we're gonna

lock it in between those two it's gonna

be in fort lauderdale and deandre's

backyard

so uh we're gonna we're gonna have some

fun down there uh for hive event 2.0

we did one last year in dallas so we're

gonna do that again except in fort

lauderdale so there's a lot going on a

lot of things happening and we hope you

guys get a ton of value from all of that

but yeah um what else i got

oh um

man though there was some there's so

much we're working on this is crazy um i

think we're working on releasing a hive

nft

with uh

with frank spalding

and we're working on hopefully having

our first hive storage

by the end of the year

we're starting a storage company so

we're doing crazy things i hope you all

can uh stay along for the ride we're

doing we're doing some big stuff this

year so i'm excited i hope you all are

excited um anthony anything else you

want to cover or um or mention

um just about the airbnb uh sheridan

says that he has a 6 000 square foot

building he's working on in houston um

it's going to be the same thing so that

there's a local center for everybody to

go and work kind of co-working space for

the hive mind

but we would like to have one in every

major city so if somebody finds a

commercial building or a big house you

know like three to five thousand square

feet plus um let's take a look at that

and maybe we can help you take it down

so we can start to be established in

every city so again

looking for people that you can work

with grow a team network with people

it'll take a lot of stress off your

plate um it'll add a lot of value to

your business

and uh a million and one reasons to do

it but yeah just keep your eyes peeled

for sub twos and that type of stuff

i forgot about the co-working space

that's that's crazy so

we're probably going to turn that office

in san antonio into a co-working space

so anybody local can go there if you

want to come visit let anthony know but

we're probably going to turn into a

co-working space uh like said schreier's

working on something similar in houston

so we'll have something in houston and

san antonio

and then we're looking in la san diego

and atlanta right now as well

so if anybody has any large

airbnb houses or office space in those

areas we're looking as well

good eloy

no i just found an airbnb that somebody

wants to sell looking for a house my on

my own but i don't think it's what y'all

need it's a little bit smaller it's a

big house but it's like it's kind of

made for airbnb as a pool and everything

in brandon

close to tampa like 15 minutes away from

tampa

so um

i can tell you that

i can't afford it myself like it was

like a personal house but uh i could

send you the lead you want send it we'll

look at it yeah i'm gonna say yeah just

just fyi two

[Music]

as a strategy you know we wouldn't be

looking for something that's like a sub

two so we're not trying to take out a

million dollar loan in every city right

so if we can put down 10 20 50 000 and

just take over the house that's that's

kind of what

there you go

um yeah so keep an eye out for those we

have people everywhere so keep your eyes

open plenty of opportunity

plenty of things going on to participate

in um i think evan you want to go evan

yeah i'll go ahead

i just wanted to put a quick plug in um

this last week we officially launched

offmarkethive.com in milwaukee at tony

romo's event or excuse me tony romero's

event

not to be confused with the football

player

but

basically what we're doing is we're

taking off market

property blasting it to all the realtors

in texas we're only serving texas only

at this moment

but we do um so basically you spend a

property on our website

we set up class on friday for the

following week we'll blast it out to all

the realtors in that area and then they

call you back how we're charging for it

is uh it's either 500 up front or 10

percent on the margin on the back end

um just know just everybody know we're

not a full dispo service we're just

notifying all the realtors of your deal

um and we

um require that you pay them at least

four percent commission uh to get them

motivated

um but it's pretty straightforward um if

you wanna know more about that

uh you can

i'll drop the website link in and you

can message me if you have more

information

there you go does anybody have any

questions about anything that we talked

about because i know it was a lot

[Music]

anything anything anything

um today is ladies call

so they are going to take over after

this call go ahead bob

yeah i'm uh man i'm excited to get into

some

some storage spaces man that you know

per square foot you can't beat you know

100 bucks a month for a 100 square foot

uh 10 by 10 storage unit man i would

love to get into that

oh well well once we get a handle on it

we'll teach you how to do it too

it's one of those things where uh

we're open books so we're kind of

exploring in our own direction

and uh we're here to educate and bring

you along with us

so we'll definitely we'll definitely

share the information as we get it going

we'll probably document the whole

process as well

anybody have any questions

go ahead connor

oh no i was just saying uh uh thanks for

the opportunity for letting me talk and

uh yeah that's basically it so

finally join i've talked to anthony

about it i'm like man i just haven't had

the time to join and i was still here in

my office and uh still working on some

stuff and i was like man i'll just take

you know 30 minutes of my time to you

know kind of uh talk to everybody and

all that and kind of network so i and

i'm glad i did so

you don't know how far this will end up

connor

right right so

the

hive is strong go ahead bob

and you don't know where this will end

up this could this might be on youtube

i didn't know they were i didn't know

they were recording the other day i

didn't even think about it

and uh i got uploaded on youtube thank

you very much

i was

gone for the first part and then you

guys started a good conversation

on um

you know on cold calling and i didn't

want to interrupt that so i didn't

finally i didn't get back into the

conversation though about a half an hour

through the uh through the podcast or

the zoom meeting

hey we'll make you famous bob go on

deandre

hey yeah i want to ask um

who uh how do you manage a contractor

from five hours away

uh i think this is an anthony question

anthony

yeah the answer is man it's just going

to cost you a little bit more and then

i always make sure that they're both

licensed and insured that's obviously

not a complete fail safe but that's the

way i've always done it because uh you

can hold their feet to the fire if they

do something goofy

a lot of contractors are going to try to

extract more more capital up front than

they've done before than work they've

done and for materials but then i don't

work with people like that if they don't

have enough money to float sections of

the job and get paid after that each

section is inspected then i just don't

work with them at all it's already a red

flag if they don't have you know five or

10 grand in their bank account to to

keep things moving along so um

i think pretty much just that's really

all you can do to safeguard and then i

would hire a third third-party inspector

like an engineer just to pass by and

check it out they're super inexpensive

it's like three or four hundred bucks a

visit

yeah i asked that uh because um so i had

this contractor working on this single

family today and i told this guy say

look you know i just want you to paint

the cabinets don't touch anything else

just paint your responsibilities the

cabinets and this guy paints the entire

kitchen and i told him just to do the

cabinets it's not a big deal but it's

like uh you know it's my first time

dealing with contractors and i'm like

five hours away from the property

so it's like i don't know did i maybe he

didn't understand what i said maybe i

wasn't clear but i'm like hey you're

responsible for painting the cabinets we

already got someone painting the the

kitchen walls just do the cabinets and

these guys text upon this so you know

what i'm going to paint the whole

kitchen you know and i was just like ah

here we go you know

those are the overachievers you gotta

watch

yeah i was gonna say for sure uh dealing

remotely is every line item has to be

checked off so there's no

misunderstanding of what's included and

what's not included because if you ever

end up in court right just like real

estate you want to make sure that every

single line item is very very clear

about what's expected and what's being

covered and what's not being covered

that way in case he does something like

that no he says i'm just gonna you know

some contractors will do that they'll

reach and try to beat you up for some

more cash

um so just making sure that your

paperwork is is excellent

yeah if i could change if i could chime

in for a second here deandre mann i had

a uh i had the same situation going on

where i hired a contract i met him on

site we shook hands we talked about

everything that needed to be done we

discussed the scope of work

and i mean i literally told him do not

tear out the bidet because i don't want

to have to replace the floor

well sure enough

he tears he's like oh i was taking out

the bidet or i broke a tile and so i

decided i'm just gonna i'll just put a

new floor in for you

well who's paying for the floor are you

paying for the floor am i paying for the

floor who's paying for the floor

he uh you know i was like well since

we're replacing the floor i'll go ahead

and do more than i wanted to do before i

knew it things snowballed

um i mean it turned out to be a disaster

uh because some of his subs that showed

up on the job site brought their kids

their kids were used picked up spray

paint and we're spray painting on the

concrete i mean it was a nightmare

so what i'm doing now when i'm if i'm

not on the job

everybody's got a smartphone everybody's

got a camera on their smartphone

do the face time thing and say show me

show me you can be right there deandre

you can be in the house

on your smartphone and say show me what

you're doing show me what you did

and i would do it you know a couple

times a day depending on what's going on

i mean

the guy ripped out like way more trees

than he was supposed to and uh i wound

up he wound up costing me fifteen

thousand dollars

on the uh on the back end on the sale of

the house because

i couldn't get

i couldn't get bank financing because

you didn't have the doors in on time for

the bank to walk through and say that it

was a livable

property

i lost that deal and by the time he had

the doors in i wound up um having to

take a

take 15 grand left on the deal so

use that phone use that smartphone use

that camera and and hound the guy and if

he's not answering your calls man that's

a big red flag right there too

thanks boy you understand how much i

appreciate your answer man

there you go go ahead schreier

i was going to say deandre this happens

a lot i have nine rehabs going

20 27 people running around what we

start doing is all these scopes are as a

pictorial basis

we don't even talk i mean we explain but

everything on a picture whatever you

want to do take a picture mark it up so

i mean that has reduced a lot of double

work a lot so if you do any projects

especially when you are not there

try to build a word document or

presentation where you take the pictures

of the unit and you write it down this

this this one two and three or put an

example what it needs to be at the end

of the day when they're done

with those two we have reduced a lot of

turns

for the scope i just want to share that

that's that's a good idea because i made

sure that i got the scope of work oh

that was not starting until i got the

paperwork so i got it and everything is

broken down but i didn't uh do the

picture thing so that's it seems like

that's what i'm missing the pictures and

kind of what bob said like hey they're

in the house they're doing the work hey

what's the update i'm right here show me

that so that's right

that's the main thing i'm i'm missing

right now it's my the first um

first project i'm working on so uh you

know i know the first one's always gonna

be a struggle i'm gonna make mistakes

i'm gonna learn a lot so just trying to

you know pick some things up and this

one is just appetizers it's just hang

tight dinner's coming

i know i know

so on that note also we uh we used to go

a lot to the job site now we don't uh we

do facetime so almost everybody has

we just get on a whatsapp call and they

just walk the house middle of the day so

we can run a lot of things and save a

lot of time driving back and forth so we

go now once a week but two or three

times a week uh we'll just get on there

and on midday you know zoom call now

don't call your whatsapp call and

everybody got whatsapp or whatever app

that you're going to have and we use

that to give us update

that was some uh

management gems right there

yeah and i'm going to tag onto that i'm

going to reiterate what anthony said

about the money

if they

you know

if you let them string you out man

uh you're gonna be

um you're gonna be behind the ball you

know and you're gonna be at their mercy

and so you know you got more money into

this thing and they're like well now i

got to keep paying them to get the job

done don't don't let it start out that

way

get them in there get them get their you

know get them to have skin in the game

um and you know only pay him for what's

done and

all everything you do

you can't you can't control it man i

mean i i have things happen all the time

but

you know it seems like these guys on the

job they look for any reason to not do

something you told me to do

[Laughter]

i was i thought i was the only one there

i feel way better i thought i was the

only one

now i had the homeowner told me don't

make any dust in the basement so

therefore i i didn't do the drywall down

there

you could have called me you know that's

my job to deal with the customer not

yours you know if you if something

something's inhibiting you from doing

what i'm paying you to do you need to

call me and let me know

so yeah you're gonna have you're gonna

have hiccups and bumps just uh those

but those facetime calls i i would

definitely stay up on that i should have

done that i was supposed to go out

that day with that drywaller there and i

didn't go because it was

he's pretty good dude and he

knows what he's doing but

one little comment from the customer and

boom now i got another

you know that didn't get done and so

now we've got another trip out there and

who's paying for that

you are

uh i'm working on i'm working on a flip

right now i'm thinking i'm just gonna

wholesale it i don't want to deal with

oh that's funny

things you learn things you learn um

anybody else and any final questions

they want to cover we're just going to

hand over to the ladies hey um

i have a quick question see i was doing

something too sorry it's a delay on my

head

um i was wondering for the subject too

is that a course going to be

specifically just for texas or is it

going to be further like

specific states

[Music]

you cut out

um sorry i was just asked that's better

is the subject to course that you're

going to have your mind university going

to be for

just texas or other states this should

be this should be it should be

nationwide um but it's going to be

really focused on tickets because

they're out of texas so we'll make sure

they have material that's a good

question but they should cover other

states too as well um if anything

we'll have the resources to point you in

the right direction if you do find

something out of state

out of state besides texas

thank you

no problem

uh any other questions about anything we

spoke about today

we covered a lot

a lot a lot

nope no no no

all right how much how much is that

program again there's a three three

thousand dollars yeah yeah so it's gonna

be uh monday to friday food room and

board

um and a year subscription of hive it's

gonna be in san antonio for 29.99

and that's coming up uh

when second week of march

oh that's pretty quick

yeah that's pretty soon yeah yes pretty

soon pretty soon so we picked up a five

bedroom five

five it's a five five it's five bed five

five bed five bath house

it's about five thousand square feet so

it's got the space and ability to host

all these people so we're gonna try it

out see how it works out the first time

um but we're gonna cover a lot of

different things go out of it

daniel's actually a five bed seven bath

there you go my bad five bed seven bath

look at that i'm wrong

there's extra bathrooms for no reason

and a house full of chandeliers

there you go

so uh we'll have a we'll have a website

for that we'll have a link up for that

uh to buy tomorrow

definitely a lot going on

any final questions we're gonna get over

to sharonda and the ladies

all right

let's do it this is not really a

question but it's more of a comment um

if anybody has any lots in

port charlotte

marion oaks ocala or lehigh acres my

buyers are literally asking me like

every other day

and um i think a lot of other people are

having problems the same problem as well

getting um inventories just wanted to

put it out there if anybody wants a jv

all right there you go

what are your uh

eloy it's matt what are your buyers

paying for single family lots in lehigh

it um it very it depends like it really

depends on the location

and um

because if you know anything about

lehigh it was 33976

it's probably more like 15 000 but it's

like 33972

it'll probably be like thirteen thousand

around that range it also depends if

it's close to like like um electric

poles yeah that's cool we can we can

talk offline that's what i figured they

were probably paying that's what mine

are paying to so it's very fairly common

okay cool

good schreier hey um just gonna add uh

add to it a couple of things um

for my end of it i'm actively looking

for lands and the class a locations and

or development opportunities if you know

anything okay especially north dallas 50

plus acres

and within the houston

and the dallas area inner city

and i'll buy

so far this year i closed on 11

properties i have 70 more to go

on the commercial end anybody has any

apartments

three to 15 million dollars let me know

i have i think my plan is to buy four to

six i have two under contract one three

million no one two million sorry two and

a half million the other one is 17

million so if you guys have any leads

don't know how to underwrite reach out

to me i'll help you out

and you know you can do

what

what um what is your um minimum

uh doors

that you're looking at

so it depends on the location right and

i'm playing mostly in houston area but

i'm also looking in the florida market

and arizona market and colorado market i

have three teams that i'm working within

dubai so on the taxes market larger is

better right anything

less than

2 million 30 35 dollars is too small if

it is the inner city right in the middle

of the houston austin and dallas area

fine but if it's outside larger it's

better

right

okay not down to the south side close to

the borderline

the population needs to be hundred 000

or higher so in a smaller town it kind

of pans out it just doesn't work out

but whatever you have and i can give you

an opinion right even though i don't buy

it but the athletes have a data point to

go about it

i know

so just want to

uh share that with everybody

yeah and yeah i appreciate it in this

character oh my bad deandra go ahead man

go ahead

no i was just going to say man i

appreciate it because now with um

with shirat talking i remember our

conversation it was about a

a mobile home park in uh michigan and he

gave me some great advice on it and um

you know i steered away from it and with

good cause so sherrod knows exactly what

he's talking about and um anybody got a

question like that and um most

definitely hit him up

thanks

yeah i was just gonna say i guess i'm

buying single families nationwide um me

and uh louis morales i have a um a

property under contract with him right

now in alabama a single family uh so if

you got some single families and the

numbers make sense shoot them my way i

will definitely look into them and i

might make an offer and buy it

not if we don't buy it first

right exactly exactly

there you go uh we appreciate everybody

coming out today we're gonna head over

to ladies uh sharonda is gonna take it

over uh ladies call is second thursday

of every month

um and shirana runs that so we're gonna

hand that over hope she has a great time

we appreciate everybody coming out join

us for the next call saturday at noon

central have a great day guys

AllListenableLiveRecently uploadedWatched