Fuld transskription af Episode 35 A First-Time Buyer Walks Through Negotiation, Financing, And Full Renovation

that's not for personal uh prospect. 00:01:56.319 --> 00:02:06.560 It's usually for maybe a client's looking for something, or just prospecting the area just to gain more business, or telling other people that you're a real estate agent. 00:02:07.120 --> 00:02:13.680 Eventually we did reach to a person that were interested in selling, right? 00:02:14.000 --> 00:02:25.520 And from there we spoke to the sellers, and then once we scheduled for a meeting, from there we saw the conditions of the place and it needed a lot of work. 00:02:25.759 --> 00:02:26.080 Yeah. 00:02:26.240 --> 00:02:26.719 Oh yes. 00:02:26.960 --> 00:02:28.159 How how how much work? 00:02:28.319 --> 00:02:34.240 It needed the kitchen needs to be brand new, the bathroom needs to be brand new, as well as the floor. 00:02:34.400 --> 00:02:37.360 Basically, the entire condo needed brand new. 00:02:37.520 --> 00:02:38.000 Oh, okay. 00:02:38.080 --> 00:02:43.280 So like a complete gut renovation of everything, absolutely everything. 00:02:43.439 --> 00:02:43.759 Wow. 00:02:43.840 --> 00:02:45.199 And the owner knew about this? 00:02:45.360 --> 00:02:46.479 Like, she did. 00:02:46.879 --> 00:02:47.840 And what was she? 00:02:48.000 --> 00:02:50.319 Was she asking market price or at first? 00:02:50.400 --> 00:02:52.800 She was asking for marketplace, market price. 00:02:53.199 --> 00:02:56.719 The thing is, she wasn't living there, she was living in another state. 00:02:56.960 --> 00:02:57.439 Gotcha. 00:02:57.680 --> 00:02:58.560 And what state is that? 00:02:58.719 --> 00:02:59.120 Florida? 00:02:59.360 --> 00:02:59.840 Florida. 00:03:00.080 --> 00:03:01.439 Of course, Florida. 00:03:02.319 --> 00:03:05.680 You ever get a vacancy in New York of a home, right? 00:03:05.919 --> 00:03:10.800 There are 80% chance they're gonna be still in New York or in Florida. 00:03:11.120 --> 00:03:11.919 Yeah, Florida. 00:03:12.000 --> 00:03:13.759 It's because the weather is it's hot. 00:03:13.919 --> 00:03:15.120 Everyone loves Florida. 00:03:15.280 --> 00:03:20.000 I feel like for every transaction we get here in New York, there's like 10 transactions in Florida. 00:03:20.240 --> 00:03:22.159 Who wants to be in New York in the cold? 00:03:22.319 --> 00:03:22.639 Oh, yeah. 00:03:22.719 --> 00:03:23.439 Look at you, man. 00:03:23.520 --> 00:03:24.240 You have your hat on. 00:03:25.039 --> 00:03:26.479 I'm feeling a little sick. 00:03:26.719 --> 00:03:28.159 Yeah, it's the worst. 00:03:28.319 --> 00:03:31.599 You won't see it in this podcast, but Chris is constantly coughing. 00:03:31.680 --> 00:03:34.960 But we're gonna be editing that out because it's just been so cold. 00:03:35.199 --> 00:03:36.159 It's very bad. 00:03:36.319 --> 00:03:37.919 Yeah, it's so bad. 00:03:38.159 --> 00:03:41.919 And hit a like if you're also feeling incredibly cold. 00:03:42.159 --> 00:03:47.280 Oh yes, please support the podcast like that if you can relate. 00:03:47.520 --> 00:03:49.120 But yeah, man, wow. 00:03:49.280

--> 00:03:53.360 So you were doing general prospecting and you found this buyer. 00:03:53.599 --> 00:04:01.120 She wanted market value for a beat up property, but then basically you saw how much it needed in work and you started negotiating with her. 00:04:01.439 --> 00:04:02.240 That's yeah. 00:04:02.479 --> 00:04:15.199 So once I saw it from there, we did disclose that it's for my purposes to purchase the condo because you have to disclose if you're buying the property for yourself. 00:04:15.439 --> 00:04:26.720 So before we even negotiate, I did and Alex, we did tell her that we're buying this for ourselves, which she completely understands. 00:04:27.040 --> 00:04:32.879 It did take a while to negotiate just because she wanted market value on her place. 00:04:33.439 --> 00:04:43.439 But once we show her the comms, the conditions, everything, then she came to realize, like, okay, I won't get market value for my place. 00:04:43.680 --> 00:04:44.639 Exactly. 00:04:45.120 --> 00:04:48.480 And I mean, she just has it laying around, not really doing anything. 00:04:48.560 --> 00:04:52.800 So no, no, and that's the reason she was interested in selling, because she's not living there no more. 00:04:52.879 --> 00:04:54.000 She's living in Florida. 00:04:54.240 --> 00:04:54.800 Gotcha. 00:04:54.959 --> 00:04:57.279 She wasn't even renting it out, like not at all. 00:04:57.360 --> 00:05:03.120 It was just sitting there, as just collecting dust, dust, getting worse and worse condition and stuff. 00:05:03.199 --> 00:05:09.279 So yeah, you had a motivated seller there saying, Yeah, if I could just get rid of this for a good price, and that's it. 00:05:09.439 --> 00:05:11.680 And how long did it take to negotiate the price? 00:05:11.920 --> 00:05:15.279 It took one to two weeks, I'll say, to negotiate. 00:05:15.600 --> 00:05:15.920 Okay. 00:05:16.079 --> 00:05:18.079 And then from there we signed contracts. 00:05:18.319 --> 00:05:19.120 Awesome, man. 00:05:19.199 --> 00:05:21.519 So con wow, you guys did that pretty fast. 00:05:21.839 --> 00:05:23.120 Oh, yeah, it was pretty fast. 00:05:23.279 --> 00:05:26.399 She was motivated to sell, and also we show her the the facts. 00:05:26.639 --> 00:05:27.439 Right, exactly. 00:05:27.519 --> 00:05:32.399 You always gotta go in with facts and kind of like say, like, this is how I ride to this number. 00:05:32.480 --> 00:05:34.240 Like, come on, let's make it happen. 00:05:34.319 --> 00:05:36.639 Yeah, we both want this, you know. 00:05:36.879 --> 00:05:40.319 And from there, you started the loan process. 00:05:40.560 --> 00:05:41.199 Oh, yes. 00:05:41.439 --> 00:05:42.480 Loan process. 00:05:42.879 --> 00:05:45.600 Don't be scared of those documents you're sending. 00:05:46.560 --> 00:05:47.920 What documents did you have to send? 00:05:48.079 --> 00:05:56.079 Um, we had to send her basic uh the uh bank statements as well as your 1090 1099 form. 00:05:56.399 --> 00:05:58.160 And that's because you're an independent contractor? 00:05:58.319 --> 00:06:03.360 Yes, that's why you got your credit score and then some other copper documents you have to send her. 00:06:03.519 --> 00:06:06.720 Yeah, I'm pretty sure you had to send even more documents because you're not W 2. 00:06:07.120 --> 00:06:08.399 No, yeah. 00:06:08.639 --> 00:06:12.000 So for W 2, it's more like it's more stable. 00:06:12.160 --> 00:06:15.199 Like you know exactly what you're getting in and out every month. 00:06:15.360 --> 00:06:19.120 For an independent contractor like yourself, it varies, right? 00:06:19.439 --> 00:06:24.480 Like one year you can be making 15,000, the next year you can be making like a hundred thousand. 00:06:24.800 --> 00:06:26.000 Oh, yes, yeah. 00:06:26.240 --> 00:06:33.600 And I'm sure Heidi and her team have like a way of averaging those to kind of like see how much you qualify for. 00:06:33.920 --> 00:06:39.040 But um, yeah, I know that they probably asked you for a lot more documents and stuff than a W-2. 00:06:40.000 --> 00:06:42.240 And how was that process of the loan? 00:06:42.319 --> 00:06:47.759 Like, once you got the offer accepted, you you um accept those contracts? 00:06:48.000 --> 00:06:51.279 Yeah, so once we sign the contracts, we order the appraisal. 00:06:52.480 --> 00:06:58.399 Basically, the appraisal it gives their their own opinion, what is worth of the place, yeah. 00:06:58.639 --> 00:07:07.519 And as well, we order title to see if a title is clean, which it was clean, and also the uh appraisal came in very well. 00:07:07.680 --> 00:07:15.439 They actual conditions, and basically uh what we submitted is what it went, you know, went through with the deal. 00:07:15.680 --> 00:07:30.399 Yeah, no, absolutely the appraisal came back good, so there was no having to negotiate further in price and stuff because sometimes when there's a gap and it's like it comes at a lower price, then it gets it gets a little heavy because then the seller's gonna think, oh, you're ripping me off. 00:07:30.560 --> 00:07:32.560 Yeah, this and that you're getting a good deal. 00:07:32.800 --> 00:07:34.240 So yeah, exactly. 00:07:34.319 --> 00:07:40.879 But it's like what the bank values the property at it's not the thing that you can control, yeah. 00:07:41.040 --> 00:07:45.360 So I get you, and then you have to get insurance, home insurance, yes. 00:07:45.600 --> 00:07:51.360 You definitely gotta see what's included in the the plans, that's what who gives you the best uh rates, yeah. 00:07:51.839 --> 00:07:54.399 On an insurance, yeah, man. 00:07:54.720 --> 00:07:58.959 Yeah, like you said, you have to go over that with your attorney, I think. 00:08:00.240 --> 00:08:02.240 Mostly it goes to Heidi. 00:08:02.639 --> 00:08:03.839 Yeah, it goes to Heidi. 00:08:04.160 --> 00:08:11.839 Because I know a lot of the time when we're doing transactions and stuff, they'll be the ones who recommend like home insurance, like either them or the attorney. 00:08:11.920 --> 00:08:14.560 But

um the attorney does the the check the title. 00:08:14.720 --> 00:08:22.399 Yeah, checks the title, makes sure it's everything is clean, and that's why your agent usually sends in like clear one of the conditions being clear title. 00:08:22.480 --> 00:08:25.519 I mean, yeah, clean title. 00:08:25.839 --> 00:08:35.440 And if any violations and stuff pop up, you're obligated, you can step away if you know there's uh violations and stuff that are not taken care of. 00:08:35.679 --> 00:08:39.039 Oh, you never buy a house that has violations, yeah. 00:08:39.279 --> 00:08:44.799 Unless it's a good deal, and uh you're open to to clear those violations and go ahead. 00:08:45.120 --> 00:08:49.679 But if it's your first time buying a house, never ever buy a house. 00:08:50.000 --> 00:08:55.440 Unless you're very confident in in closing out those things at your own risk, you know? 00:08:55.840 --> 00:08:57.840 Because it could still be a good deal, right? 00:08:57.919 --> 00:09:05.919 It's just like the headache of going with departments and some stuff, because sometimes depending on the depending on the county that you're in, right? 00:09:06.080 --> 00:09:09.360 It can be a hit or miss with the department of buildings and all of that. 00:09:09.519 --> 00:09:09.840 Yeah. 00:09:10.159 --> 00:09:10.720 Oh yes. 00:09:10.879 --> 00:09:11.200 Right. 00:09:11.440 --> 00:09:14.559 It could be a long journey, long headache as well. 00:09:14.639 --> 00:09:16.480 You're gonna spend a lot of money. 00:09:16.720 --> 00:09:17.440 Oh yeah. 00:09:17.679 --> 00:09:18.720 Oh yes. 00:09:19.279 --> 00:09:23.759 You gotta make sure everything is up to code, and if it's not, then they gotta do a reinspection. 00:09:23.840 --> 00:09:33.840 You gotta waste more money on fixing things, and hopefully, when they come back the next time, they come back at a reasonable time and not delay it for god knows how long. 00:09:34.000 --> 00:09:40.879 Uh so you really want to make sure that honestly, it comes out with a clean title, so you don't have to worry about that. 00:09:41.120 --> 00:09:46.080 But yeah, once you once you went to the closing table, you have to sign a lot of documents. 00:09:46.240 --> 00:09:47.759 There was a lot of documents you have to sign. 00:09:48.480 --> 00:09:50.320 Mostly it was with the loan. 00:09:50.960 --> 00:09:53.039 You had to uh do your signature. 00:09:54.399 --> 00:09:59.200 There's a lot of signature that my hands did get uh it was a little uh hurt, tired. 00:09:59.440 --> 00:10:00.960 Yeah, but yeah, you were signing fatigue. 00:10:01.200 --> 00:10:03.679 A lot of a lot of signatures you have to write down. 00:10:04.480 --> 00:10:07.519 Well, also it was uh it was feeling great that day. 00:10:07.759 --> 00:10:08.399 Yeah, man. 00:10:08.799 --> 00:10:10.639 I mean uh a homeowner, dude. 00:10:10.720 --> 00:10:14.799 I did everyone look at you kind of like wait, this is the uh this is the homeowner? 00:10:15.360 --> 00:10:18.639 One person that or two

people, yeah, that was living the late. 00:10:18.879 --> 00:10:19.360 Who were they? 00:10:19.440 --> 00:10:23.279 What were the uh were was it the other attorney, the soul is attorney? 00:10:23.440 --> 00:10:24.639 Yes, and who else? 00:10:24.799 --> 00:10:28.080 And I think it's the uh probably, I don't remember. 00:10:28.399 --> 00:10:29.919 It's been a while, yeah. 00:10:30.559 --> 00:10:35.600 It's been a while, but yeah, it was it was one of them two that saw me like, are you buying the house? 00:10:36.000 --> 00:10:42.000 I was like, Oh yes, yes, ma'am my first my first condo, and hopefully uh more come, you know. 00:10:42.960 --> 00:10:43.919 That's inspirational. 00:10:44.240 --> 00:10:47.759 Yeah, so this is not gonna be your only one, you're gonna keep going. 00:10:48.559 --> 00:10:49.279 That's the go. 00:10:49.440 --> 00:10:51.440 Yeah, but you're gonna keep this one, right? 00:10:51.600 --> 00:10:52.639 Oh, I'm keeping this forever. 00:10:52.799 --> 00:10:53.919 Oh, you're keeping this forever? 00:10:54.080 --> 00:11:02.480 Well, you say that now, but then once you have your wife, your kids, and all that, you know, you might want to get a little bit more something more bigger, yeah. 00:11:03.519 --> 00:11:05.759 But yeah, you can always rent this out later on. 00:11:06.000 --> 00:11:08.240 Oh, yes, that is that is also true. 00:11:08.879 --> 00:11:15.120 Um because I want to do uh you know real estate, my entire yeah, it's your passion. 00:11:15.360 --> 00:11:19.679 That's why I want to buy properties to do flips, flips as well to rent as well. 00:11:20.080 --> 00:11:20.799 Long-term rentals. 00:11:21.120 --> 00:11:23.279 Yeah, no, I mean that's the dream, right? 00:11:23.440 --> 00:11:29.200 You get into real estate, there's so many opportunities that you want to take advantage of it, especially since you're learning the ins and outs. 00:11:29.360 --> 00:11:30.639 And you're like, you know what? 00:11:30.720 --> 00:11:32.000 This is just a beginning. 00:11:32.240 --> 00:11:35.759 Buying this condo is just like the beginning, stepping stones. 00:11:35.919 --> 00:11:40.879 Now that I have a place that you know I don't have to worry about rent going crazy and stuff like that. 00:11:41.039 --> 00:11:49.039 Now I can start focusing on putting my money to work for me and other assets on other real estate projects and stuff like that. 00:11:49.200 --> 00:11:50.720 Yeah, man, proud of you. 00:11:50.960 --> 00:11:52.639 Can't wait for those days as well. 00:11:52.960 --> 00:11:57.600 Yeah, they what they say, they say the first one is always the hardest, the hardest was to get. 00:11:57.759 --> 00:11:58.559 Oh, yeah. 00:11:58.879 --> 00:12:02.399 Because you don't you just don't know, right? 00:12:02.480 --> 00:12:05.600 But once you get in there, now you have an idea of how things work. 00:12:05.679 --> 00:12:12.399 Now you're a homeowner, and now for future people that you're kind of working with, you're like, I know how this works. 00:12:12.720 --> 00:12:14.000 Because I'm a homeowner. 00:12:14.320 --> 00:12:25.279 It's one thing to kind of like learn about it and stuff, like through books and through others, but it's a different, it's different, different type of knowledge once you start being a homeowner. 00:12:25.759 --> 00:12:26.399 Yeah. 00:12:26.960 --> 00:12:30.480 But yeah, man, after you closed on the on the deal, right? 00:12:30.720 --> 00:12:33.519 I know that you said it needed a gut renovation. 00:12:33.759 --> 00:12:36.879 Oh yes, it needed uh a lot, I'll say. 00:12:37.120 --> 00:12:45.600 So once we closed the next day, I think the first two or three days, we had to demolish almost everything. 00:12:46.000 --> 00:12:55.120 The doors, the cabinets, the tiles of the bathroom, the toilet we had to remove, the tub, the entire basically everything. 00:12:55.600 --> 00:12:56.000 Everything. 00:12:56.240 --> 00:12:56.799 Everything. 00:12:57.039 --> 00:12:59.600 Oh my goodness, and my goodness. 00:12:59.759 --> 00:13:01.759 I know you were talking about coats and stuff. 00:13:01.919 --> 00:13:15.519 You and Alex were talking about coats, like one of them was double the price of the other ones, and then one was in the middle, but then you guys chose the one at the bottom because he looked like he was humble and he looked like he was gonna do a good job. 00:13:15.679 --> 00:13:18.639 And from what I saw in the pictures, he did an amazing job. 00:13:18.799 --> 00:13:20.080 Yeah, he did a great job. 00:13:20.320 --> 00:13:22.559 We posting a little story, yeah. 00:13:22.799 --> 00:13:25.279 As well, I'm gonna do uh a TikTok video. 00:13:25.440 --> 00:13:26.559 You're gonna do a TikTok video? 00:13:26.799 --> 00:13:27.600 The whole journey. 00:13:27.759 --> 00:13:29.120 Yeah, you should have him in there, y'all. 00:13:29.360 --> 00:13:30.720 Say, there's the guy right here. 00:13:30.879 --> 00:13:33.840 Oh no, yeah, yeah, that'll do all the props to that person. 00:13:34.080 --> 00:13:36.559 Oh my god, they saved you so much money. 00:13:36.639 --> 00:13:40.559 And you were telling me that um, you know, all the little costs had up. 00:13:40.879 --> 00:13:41.840 Oh, yeah. 00:13:42.159 --> 00:13:50.960 I didn't see that until I did all the numbers on the renovations, and I saw, oh, one bill is this, or another bill's that. 00:13:51.039 --> 00:13:52.639 Oh, it just keeps going. 00:13:54.080 --> 00:13:56.480 So right, it's like a long paper. 00:13:56.559 --> 00:13:58.080 You're like, oh my god, it's still going. 00:13:58.240 --> 00:13:59.120 It's still going. 00:13:59.519 --> 00:14:03.679 I didn't even realize there was that that much until I did the numbers today. 00:14:03.919 --> 00:14:07.039 And you're still like adding up more costs and costs. 00:14:07.200 --> 00:14:07.679 Oh, yeah. 00:14:07.759 --> 00:14:09.759 I'm not we almost halfway done. 00:14:10.559 --> 00:14:12.879 So uh it's probably gonna be another double or say. 00:14:13.279 --> 00:14:15.919 Yeah, and what

what comes in the into the cost? 00:14:16.159 --> 00:14:18.960 It's it's the materials and then the labor. 00:14:19.200 --> 00:14:21.200 Yeah, those two materials and labor. 00:14:21.440 --> 00:14:24.320 Materials is where is is it's more expensive. 00:14:25.039 --> 00:14:25.919 Or Home Depot. 00:14:26.320 --> 00:14:27.519 Depending on the materials. 00:14:27.679 --> 00:14:32.080 Like sometimes you want high-end stuff like marble or you get quartz and stuff like that. 00:14:32.320 --> 00:14:34.080 Yeah, depends on it. 00:14:34.320 --> 00:14:34.799 Yeah. 00:14:35.120 --> 00:14:37.200 Also, you're going to Home Depot for materials. 00:14:37.519 --> 00:14:37.840 Yes. 00:14:37.919 --> 00:14:38.159 Yeah. 00:14:39.200 --> 00:14:40.320 Yeah, the standard. 00:14:40.720 --> 00:14:49.279 So, yeah, once we done the mission, our next step was to go to Home Depot to buy the materials. 00:14:50.080 --> 00:14:57.440 So it could take uh basically it was a whole week of job that we just bought in Home Depot. 00:14:58.720 --> 00:15:00.559 And that it was pricey, I say. 00:15:00.799 --> 00:15:03.519 Yeah, you had to use uh U-Haul, no? 00:15:03.759 --> 00:15:13.519 Yeah, we had to run out of U-Haul to take out the the trash, and then the next day, I think day three, that's when we went to Home Depot to buy the materials. 00:15:13.759 --> 00:15:16.240 I heard that taking out the trash was a lot of money. 00:15:16.879 --> 00:15:18.480 Yes, yes, it is. 00:15:18.799 --> 00:15:19.919 How much was it? 00:15:20.879 --> 00:15:27.679 So I think we had two trucks or three trucks, and they were averaging like 250 to$500. 00:15:28.720 --> 00:15:29.919 And that's just trash. 00:15:30.080 --> 00:15:33.519 Has that included the U-Haul, you know, the renting of U-Haul? 00:15:33.600 --> 00:15:33.840 Yeah. 00:15:34.080 --> 00:15:35.200 As well as labor. 00:15:35.600 --> 00:15:36.080 Gotcha. 00:15:36.240 --> 00:15:36.879 Wow, look at that. 00:15:36.960 --> 00:15:38.000 Yeah, every little thing, right? 00:15:38.240 --> 00:15:38.720 Every little thing. 00:15:39.360 --> 00:15:40.000 We'll add up. 00:15:40.080 --> 00:15:47.120 So you say okay, it's two two two hundred dollars found trick, but we're not including the you-haul and as well as the the labor. 00:15:48.159 --> 00:15:50.799 Wait, did you drive those U-Haules or what's no no no? 00:15:50.879 --> 00:15:51.759 I didn't drive it. 00:15:51.840 --> 00:15:53.919 No, I was somewhere else. 00:15:54.159 --> 00:15:54.879 Gotcha. 00:15:55.039 --> 00:15:58.240 But let's say if you drove it, you would have saved the hundred dollars. 00:15:58.320 --> 00:16:00.080 Would you would you have done that? 00:16:00.399 --> 00:16:04.000 Uh no, I'm not I'm not a physical guy. 00:16:04.159 --> 00:16:05.360 Um I'm a little weak. 00:16:05.519 --> 00:16:06.559 I'll say that. 00:16:07.039 --> 00:16:08.639 No, dude, you're strong. 00:16:08.879 --> 00:16:10.240 But man, yeah. 00:16:10.320 --> 00:16:13.440 Every little thing, every little thing you can think of

is just bum. 00:16:16.000 --> 00:16:16.480 Oh, yeah. 00:16:16.639 --> 00:16:19.759 I was I was praying that it didn't get declined. 00:16:19.840 --> 00:16:20.000 Yeah. 00:16:20.080 --> 00:16:23.919 And I was in Hope Depot because I never made a purchase that high. 00:16:24.159 --> 00:16:25.519 What card did you use for that one? 00:16:25.759 --> 00:16:26.399 Uh Chase. 00:16:26.559 --> 00:16:26.799 Chase. 00:16:27.120 --> 00:16:27.840 My debit card. 00:16:27.919 --> 00:16:29.919 So you use your debit card, not your credit card. 00:16:30.080 --> 00:16:30.720 No, no, no. 00:16:30.799 --> 00:16:31.759 My credit card, no. 00:16:31.919 --> 00:16:33.759 I don't uh my limit's not that high. 00:16:33.919 --> 00:16:36.639 I don't I don't put my credit card limit that high. 00:16:36.799 --> 00:16:39.759 I wasn't gonna say just open up a new credit card and get the bonus rewards. 00:16:39.840 --> 00:16:44.480 You know how they say you spend$5,000 and you get$300 back within three months? 00:16:44.639 --> 00:16:46.960 You could uh you could uh make it try that. 00:16:47.039 --> 00:16:48.399 Yeah, it's it's already too late. 00:16:48.480 --> 00:16:50.240 I already bought the materials, yeah. 00:16:50.559 --> 00:16:52.480 Damn, missed opportunity. 00:16:52.720 --> 00:16:57.679 But yeah, you could have maxed out all those credit cards and started getting like 300, 200 and all that. 00:16:57.759 --> 00:16:58.480 And that's yeah, yeah. 00:17:04.079 --> 00:17:05.839 You were already you were already gonna pay this. 00:17:06.240 --> 00:17:10.880 Regardless, so it's it's just like a way to like, you know, but it's neither here nor there. 00:17:11.039 --> 00:17:19.680 But yeah, man, that's the importance of like taking into account how much you're gonna spend in renovations before you submit the offer, too. 00:17:19.839 --> 00:17:23.680 Because I think you talked to contractors prior to making the offer too, right? 00:17:23.839 --> 00:17:30.799 And making this to see was the average cost in the ballpark for doing a good job, yeah. 00:17:31.119 --> 00:17:34.480 And man, they gave you some crazy numbers. 00:17:36.160 --> 00:17:43.200 But um, one that one did came in clutch with with the lowest price and great quality service. 00:17:43.279 --> 00:17:44.640 I saw the pictures, man. 00:17:44.799 --> 00:17:49.039 I saw those pictures, and man, they did a good, good job. 00:17:49.440 --> 00:17:51.359 You guys, you guys are gonna see what's done. 00:17:51.519 --> 00:17:53.759 I'm gonna edit it, I'm gonna post it on TikTok. 00:17:53.920 --> 00:17:55.440 Oh, yeah, absolutely, man. 00:17:55.599 --> 00:17:56.400 Absolutely. 00:17:56.559 --> 00:17:57.279 That's amazing. 00:17:57.359 --> 00:17:59.039 And like you said, this is the beginning. 00:17:59.200 --> 00:18:03.279 You're gonna start getting more and more properties in the future, hopefully, right? 00:18:03.440 --> 00:18:04.000 That's the goal. 00:18:04.160 --> 00:18:04.880 That's the goal. 00:18:05.039 --> 00:18:05.759 That's the goal. 00:18:05.920 --> 00:18:08.079 And now, when is this gonna be done? 00:18:08.160 --> 00:18:09.599 The the renovations? 00:18:09.839 --> 00:18:15.279 So our aim to go is end of this year, end of this year. 00:18:15.440 --> 00:18:16.960 Hopefully, and when did you start? 00:18:17.200 --> 00:18:19.920 We started two weeks ago, three weeks ago, I say. 00:18:20.079 --> 00:18:23.279 So the total time frame is a month and a half, a month and a couple days, I suppose. 00:18:23.519 --> 00:18:24.559 Yeah, got you. 00:18:24.720 --> 00:18:26.400 Wow, that's gonna be amazing, man. 00:18:26.480 --> 00:18:28.160 They're they're working pretty fast, yeah. 00:18:28.480 --> 00:18:31.359 Yeah, they're working pretty fast, my goodness. 00:18:31.519 --> 00:18:38.240 And yeah, once you finish the renovations, maybe you'll hop on another podcast and basically let us know how the renovations went too. 00:18:38.400 --> 00:18:40.000 I'd tell you a whole bunch of stories. 00:18:40.079 --> 00:18:41.200 What's going on? 00:18:42.559 --> 00:18:43.279 Yeah, man. 00:18:43.440 --> 00:18:46.720 Well, Chris, thank you so much, man, for being on the podcast. 00:18:46.960 --> 00:18:51.440 Now, do you have anything you want to tell the viewers before we end it? 00:18:51.599 --> 00:18:52.079 Oh, yes. 00:18:52.160 --> 00:18:55.920 If you see the opportunity and it's meant for you, go for it. 00:18:56.160 --> 00:18:57.839 Don't, don't, don't, don't hesitate. 00:18:58.079 --> 00:18:59.279 100% agree, man. 00:18:59.359 --> 00:19:00.559 Well, thank you so much, man. 00:19:00.720 --> 00:19:06.319 And thank you all for listening to this week's episode of the Bias Real Estate Podcast. 00:19:06.640 --> 00:19:07.519 Bye, guys.