0:00 Martinez today I have a special guest returning guest, Mr. Casey Marico. from Twitter, please, if you haven't listened to that episode, please go listen to it. It is amazing. We covered a lot of cool, interesting stuff. But today is a deal breakdown. We cover cooler, interesting stories today. What is your cool, interesting story? Casey? Yeah. So 0:19 how do you get 0%? Financing right? Now I've done this move on multiple deals, right? So let's say that someone agrees to finance a property to you, it could be a house could be a commercial building, whatever it is, could be land, right? An easy way to get 0% financing is typically I really don't put interest rates in my offer. But a lot of times people ask for that, right? The interest is in there. I just I just don't write it down. So you know, I might ask them, hey, what do you want as far as an interest rate? Right? And they might say, 5%, right. And I would say back to them, Hey, you know, you get taxed on interest at ordinary income tax, but you don't get taxed. You don't have to get taxed on price, right. Like, if it's a commercial building, you can turn 31 on the price. If it's a residential building, you can sell that you live in, you can section 121 At a price and not pay any tax or defer taxes. So would you rather pay taxes or not pay taxes? Daniel? No, Texas sound nice. Yeah, no, Texas summer. Okay, well, 1:38 what why don't we just 1:39 raise? raise the price by 5%? Then? Right. But what happened there? Right? What happened is that we raise the price by 5%. You got taxed less, right. But essentially, I got 0%. So might work for both of us. 2:00 I've never heard that one before. So I was always taught equal monthly payments, to ask for equal monthly payments, but I've never, if they want an interest rate, just raise the price up to cover the difference. 2:10 Yeah. Price up to cover the difference. So what 2:13 did you what property to property? Did you get using the strategy? 2:17 I'll get a bunch of properties using that strategy. I probably got 20 properties using that strategy. So 2:26 that's good. That's good. You got 20 properties, like there's no individual story that that's that's the whole essay, is it? Nothing, nothing to it? 2:37 Well, I mean, it's like paying taxes, I'm just giving them what they want. It works out for both of us, I'm happy to pay a higher price if I don't have to pay any interest. So 2:49 what type of debt are looking for normally? Is there anything a 1015? year five year anything? That makes sense? 2:56 Yeah, I usually don't go for debt less than five years. Unless I can, like I'll go five years. But typically, I want a renewal, right? So if I do is something as small as five years, usually I'll put an a kicker in there that says, hey, I'll pay you X more dollars, but you gotta give me the same term. Right? So you know, in a million dollar deal, I might say, hey, I'll pay you 100,000 more dollars in five years, that doesn't count against the purchase price, I just owe it to you, right. But you gotta give me another five years. And now, that might be good, but you can make it better. The way you make it better is you might say to them, Hey, I'll give you 25 Right now, and we'll let 75 accrue, right, but $75,000 If in 10 years is 20 grand? Yeah, maybe less than that. Right? Yeah. So you should be thinking about how you can make better deals for yourself. And you know, like said, and then our other episode, given them more money is often a way that you can get that done. 4:06 That is brilliant. And this has been a episode of of a creative finance, how to get it but no, that's that's that's textbook I mean, I don't even think it's in the textbook actually. But that's this is at the school of hard knocks, I think as or we're gonna call it 4:26 got kicked in the head a lot to bring that information to your viewers and listeners. 4:32 Oh, man, and I thank you for that. And I think this this is why it pays to listen to podcast this is why it pays to get the information from people that do it. This is why it pays to know who we're getting the right information from because you don't know what you're gonna get and how you're gonna get it but I hope that made you a little bit more powerful in your business. I think it definitely for me. That's crazy. Thank you for coming on and so on for everybody here like scribe share with a friend If you like this episode go check out the other one man as a lot of good stuff in this one this is gonna be quick but I think we have one more out of this but we'll see what comes up please share with a friend we'll see you next episode guys thank you I really bye