0:03 This show is sponsored by hive mind CRM. It is more than just a CRM. It is a real estate and business mastermind that comes with an all in one CRM. You can have unlimited websites and users, you can call text, RVM, and email all in one user interface and you can set up custom automations. For any type and multiple businesses. 65% of companies start using a CRM system within the first five years of business. Once implemented, the hive mind will save you on marketing give you more time and make more money. One of our users had his first $100,000 month using our system in June, we want to see you automate and accelerate your business text us at 2109728 t 42. For future meetings. And of course to get our $1 course on how to make more than six figures on one Landale, you can schedule your free demo today at hive mind CR m.io. 1:01 Hey, what's up guys? We're here with cash money, Mike. This is a lightning round of the hive mind hive with this podcast, and we're covering deal breakdown story. So these are amazing, crazy, ridiculous deals that you've done before that are notable some of your favorite deals. And Mike says he has one for us. But you got Mike. Yeah. So 1:17 you hear about people like they say to buy the block. Right? Try to buy the block by the block. I got a little I got a little board here. Can I do it on the board shall 1:25 be amazing. 1:26 Yeah. So here we go. We got the street right here. And we've got all these all these houses. And all these houses are the same. They're all three ones. This is on the west side of Charlotte. And everybody told me don't go to the west side of Charlotte. And I said why? They said it's bad. And I said, I'm from New York, if you've never been through the Bronx at night, you don't know what bed is. This place was beautiful. So ultimately, I bought this house right here, I wound up paying $19,900 for this house. And the goal was to buy that piece of property by one at the time was to buy one for my daughter, one for my son, the other one for my son, buy three of them, rent them out. And then when they turned 18, I would just hand the house over to him, tell him to get out of my life for a little while. Let me get some of my life back. After I'd spent so much time raising them that my company my construction company got so busy that I never had time to renovate this house. And it just sat there I didn't even put insurance on the house. Literally. All I did was just cut the lawn and make sure that Mecklenburg County wouldn't like, like continue to send me a nuisance letter. And at the time I was pushing my wife to get a broker's license. She gets her license and I go, why don't we do this? Why don't we list this house. And let's put it on the on the on the market for 99,000. This is 24 months later. And we put it on the market and the day we put it on the market, we put it under contract. And the day we put it on the market and put it under contract, this house comes up on the market for 60,000. So I immediately said to my wife, I said put a full price offer in on the $60,000 house. We just sold this for 99. There's another 40 sitting here, let's just right, so we we put this under contract, we wound up putting a full price offer in on this and I took three weeks of due diligence process. And in North Carolina, the due diligence process is the fee that's negotiated. So ultimately, what happens is that the seller is looking for the most money with the least amount of time the buyer is looking for the most amount of time with the least amount of money. This way you could pull out of the deal for whatever reason. So long story short, I get into the due diligence process have about three weeks, and I'm down to the last week. And we have to go ahead and call the listing broker to meet us up there so I could see the house. So I put the full price offering on the house. never even seen the house and I go up there. And as I'm walking in, what's what's really crazy about the way these houses are built is all of the bathrooms are right in the middle of them. And when the bathrooms leak, what it does, is it starts to pull down on the structure. And you see a little bit of like a dip in the roofline. So I would drive down the I would drive down the road and I'd look at all of the dips in the roofline, and I go, that bathroom has been leaking forever. And that bathroom has been leaking forever. So when I walk in here, sure enough, there was a leak in this bathroom. And I was a little uneducated, and I pulled out of the deal. And as I'm walking out the door, a guy walks out of this house and he goes hey, do you buy houses? And I go, Yeah, and he goes on selling this house. And I walked I pulled out of the deal. I got this one under contract have this went under contract pulled out of it, walked over here with the guy and as I walk in, I go, What are you looking to get on this one and he goes 40 And I turn around. Turn around with one swipe, and I go, I'll make your one offer. I said, I'll give you $35,000 all cash. I'll close it as soon as Title gets back. I don't need any inspection. I'll have title done in two weeks. He says it's a deal. I closed on this one. I paid $35,000 for this one. The day after I closed I turned around. I put it on the market for 139 and sold it in a day. It's crazy, man. Crazy. You did buy the whole black by the block. Yeah, but you know what? You know what's funny? Is that like, had I kept them? Do you know? 5:54 Yeah, yeah. Looking back, there's nothing you can do, man. 6:00 You got it. Yeah, there's nothing for you back there. You got to just stay ahead. Yeah, look 6:04 back and I'm like, dang, I probably lost more money than I made just by selling. But are good we live we live to play the game. 6:12 Yes, sir. 6:14 Awesome. Like, man. Well, yeah, this was amazing. Dude, thank you so much for hanging out and hanging out with this little extra. And yeah, we definitely gonna have to do a part two man and go into some of these deep dives. 6:22 Sounds good, man. It was good seeing you guys again and hopefully I catch up with you soon. 6:26 Glad we got to connect man. Yeah, I was looking forward to Daniel man we I wish we had a better chance to talk to that guy. So this was it. Thank you brother. 6:33 Yeah, brother. I appreciate 6:39 the show is sponsored by the list guys. Do you need more leads in your local or virtual market? One intense small businesses don't invest in any kind of marketing. The list guys have over 35 plus list types to choose from and you can mix and match any list or criteria. We also use to skip trace lists and provide up to seven numbers and email addresses every list you purchase will be scrubbed against previous purchases. The list guys are here to save you time. Contact the list guys today at www dot one this guy's dot com. That's www dot the number one list guys.com