So what we’re doing is I got a connection, you know, through networking. I’m working with Daniel Daniel owns a cold calling company in Egypt. So if any of you guys are interested in cold calling Daniels, your guy pulled the leads from batch pulled the leads, skip tracing, what we’re doing is Daniel has found a potential seller that’s in pre foreclosure, and we’re gonna go and call them. We’re gonna call the seller right now.
All right, so let’s see, Danny, I got that. Got it right here. So we got Matthew. All right.
Yeah. Hey, Matthew,
how you doing?
I’m alive and kicking.
Matthew, my name is Nathan. I just got off the phone with Daniel, one of my business partners. And he was telling me that you’re, you’re interested in selling the property. So I wanted to see if you had a couple minutes to chat. Yeah. Yeah. Okay. He to kind of give me a little bit of the rundown of what’s going on that you you need to sell the house by February February 2. Is that correct?
Well, I’d like to have a close before that,
if I can. Yeah, I think he said that it’s in pre foreclosure. So is there an auction date on February 2? Where it would get auctioned at that date? Or is there an auction date? And there is an auction date set? And it’s February 7,
so you’d like to get it done? Be obviously before that, like February 2 Is the goal or before? Right? Yeah. Well, um, do you have about 1015 minutes? So we could go over things? Because I think we might be able to work something out. Yeah,
I got plenty of time. I’m retired, don’t do anything.
He kind of gave me an idea that was rented and that renders left in a mess. And now it’s just needs a lot of work. Is that is that kind of the situation? Or is there something else? Yeah, that’s about it. Evicted the tenants back in November? Because non payment and let’s put it this way here I had 30 yard dumpster brought in to clean it out. 30 yard dumpster? Yep. and I put a lot of stuff out to the curb also. So with with this property, how far are you behind on your payments with the mortgage, like to catch it up, if we were just to catch it up for you and take over take over the property’s payments, using years and years, you have kind of an idea like a payoff of what they’re telling you your payoff is, if you were to get a current,
There’s no getting a current, it’s got silver. So it’s like, I have to pay them 43,200 some odd dollars. And like I told you, buddy, I have a judgment against me, when I’m looking for 50,000 with a judgment against the judgment is against me not against the house. Okay, after the sale of the house, all proceeds left must go to that judgment. They won’t pay the judgment or what stops them from coming back at you. And trying to say for wasting, we’ve got to get all money. No, sorry. You’re paid with proceeds. And Mr. McCormack still owes you? Yeah, you’ll get it?
Yeah, we can get that all set up a title. So when we purchased the property, they’re going to be able to divvied up to pay off the mortgage, and then the rest could go towards the judgment. I mean, we can get that all figured out. Are there any other options you’ve explored to sell this other than to sell to a cash buyer like me? Have you thought like, is there any other like ways that you’re looking at? Or is it really just this is your only option?
I’ve gone back to some friends and relatives and tried to borrow. I’m still waiting on some replies. But at this point, I haven’t been able to get more than the 10,000 hour promissory Got you.
So if you’re okay, I can kind of tell you what, what we can do to help. And if it’s something you like, we can proceed, and if not, you know, no, no harm, no foul, no pressure, I just want to be completely transparent with you. Because we’re at a point right now, where this is like a game time, right? It’s like, do or die? Yes. Okay. So the way we do business is I personally live in Salt Lake City, Utah, but I invest in areas all over the country, you know, rentals fix, and flips, it depends on the area depends on the property. So the way I work is we sign an agreement with the seller, we send in our partners that work with us to inspect the property, so we have to like pay, we have to send our people out.
And for this one, I mean, we’d have to, we’d have to get working on it immediately. Because I’m not trying to like come up to the my back against the wall and put you in a bad spot. So that’s how we work we would send some people out, you know, just to verify the condition see how much it would cost I would be completely real with you. I wouldn’t say Hey, this is down the studs 250,000 I would say look, this is what we found. Now if it works out, and we’re able to make money or help you get out of this situation like we’ll close on it before February 2 that the goal would be honored before February 2, but I just want to let you know, I can’t like sit here right now and just say hey, I promise you I’ll buy your house. I can tell you from looking at the numbers that it makes sense 45,000 If we were to purchase it for 45,000 It looks like we could put depending on like the how terrible the condition is, but put like 30 to 40 in it. We’re in about 80 and we You’d probably rent it out, we’d probably resell it for an ARV of around like 121 40. Because I did see that there are a lot of mobile homes south of you that are selling in that range.
So that’s the strategy. And if you’re okay, if you’re okay with working with me, I’d love to send you a contract and get working on this. I just don’t want you. I don’t want to give you the wrong expectation that like no matter what, at this very moment, I’m buying this house because I have to obviously go send my people and just make sure, unfortunately.
all right now it’s down to the wire where by the time you get all your people in and back and forth, I’m locked in on something, and I can’t do anything else if it falls through. So I totally get that. So the only thing that I could say to you about that is you give me less time to do it. We have to do whatever you feel comfortable with. Because I have to have an agreement so I can get the process going. Because I can’t just send say, okay, you don’t want agree with me, let me send my people out because you might sell to someone else. And it might just be a complete waste of both of our time. But if we can work out something where we negotiate a time period of price where you feel comfortable, I feel comfortable, I can get this done for you, because I’ve done this before, but we just have to both be on the same page. But what do you think would be the best way to work together?
Because I am interested in buying the property. I mean, I buy properties in Florida, we work in that area, but I just I hate to just lie and not be honest with you about like how the process goes because I don’t want to make you have some sort of feeling of certainty when it’s it really depends on the process. What would make you feel more comfortable in like a perfect scenario, perfect world, what would you want for a cash buyer like me to do?
Like I said, 50,000 would be the lowest I’d go, Okay, you still have that option available to you? You say no, you got a 55 potential, but it looks good. Yeah. But with me, you’re saying if I can do 50, if I can give in a short amount of time, go in there said, you know, my, my contractors, my partners through and give you a solid Yes, with earnest money deposit and everything where it’s solid, would you be willing to give me that?
Give me again, tomorrow, and we go from there. there’s absolutely no pressure on my end, I want you to be able to get this done. So I’m not pulling this off of the table by any means. But the only issue is the amount of time I have, because if we were to agree on something, I would get working on it right at this very moment. Because we don’t have a lot of time. So you can wait tomorrow, that’s fine. But if we were able to agree on something right now, I can tell you, we would have an answer to you this week. Well, hold on it Today’s Thursday. So I mean, I could if you gave me until Tuesday, and it doesn’t work out, you would have still about two weeks to reach out to the 55 and talk to your neighbor and I would I would cancel the contract and agreement to tie up. No problem. If you just gave me until Tuesday at what price? You know me, sir. I mean, I’d love to be I’d love to be as low as possible. I’m and I know you want to be as high as possible. Can we do 50?
I’m willing to go 50 guidelines. Yeah, that’s it. Yeah. Just to put something towards that judgment. I totally understand your situation, you got to be able to show them something. So they don’t come after you anymore. And they give you gave you a break. But if you’re willing to get this going and not waste any time let’s let’s agree on 50 will give me a due diligence period until Tuesday. I’ll give you a solid that we’re ready to go. I’ll give you earnest money. And we’ll proceed and we’ll close before honor before the second that will be the goal. You have a deal. Yeah. So all I need to do is send you an agreement. And and I’m just going to walk you through it. I’m assuming you’re by a computer or phone and I can send it to you over to you right now. Yeah. computer illiterate. So when it comes to signing, you’ll have to walk me through.
That’s the goal. So that’s why I go through this because the deal is, I don’t want you sign anything you don’t feel comfortable with. So I’m going to send it to you right now. I’m gonna fill it out. We’re going to go through it together while I’m on the phone with you. Okay, so I’m just writing up the agreement. I want to make sure I have the right information. So Matthew McCormick, you’re the one on title. Yeah, I’m the only one okay. 20 512 West, no. West Main Street, Leesburg, Florida.
That’s the property that you’re buying. Okay, purchase price. 50,000. So I’m giving myself until Tuesday for the due diligence period, because I again, I’m not trying I’m not here to tie you up, waste your time. So I have until the 24th. That’s right deposit, I’ll do $500 We don’t really even lose our earnest money deposit unless we go past our due diligence and back out. I’m going to let you know on Tuesday, it’s a done deal or not closed date Feb on or before February 2. I’m sending this to you right now. Let me know it should be in your email in the next let’s say 20 seconds because I just sent it let me know if you pull it up and can pull it up at the moment and we’ll read through it right now together I and I’ll sign my part and you’ll sign yours if you’re ready to go. Alright, so let’s go through this. I’m just gonna go over it pretty quickly. Just kind of a brief summary.
I’m sure you’ve seen these before. I just want to make sure you feel comfortable and confident signing this before we move forward. So Just as the contracts today between you and my company, the address 2512 purchase and sale of the property is at that address purchase price. 50,000. Like we chatted about due diligence deadline Tuesday, the 24th of this month proliferations that talks about taxes, obviously, we’re going to get that all taken care of at title defects. You know, you’re letting us know if there’s any hazardous materials in the property. That’s why we do an inspection anyway.
So there’s no problem, no judgments, of course, we’re going to handle that we’re going to talk to title about that get that figured out possession at close, we want possession of the property inspection and contingency we already discussed this, we’re gonna go inspect the property risk of loss, if we buy the property and something happens to be the time by the time we close it, we’d have to renegotiate if it’s been destroyed or something happened other than what we agreed on acceptance right now, deposit $500 closing date to 23. Honor before other agreements, this just talks about we’re buying the house and as is we’re able to get an appraisal if we need to, we can work with partners on this deal. If we go past the due diligence period, you get our earnest money, if we back out and you agree that you’re selling this property to us in this timeframe, you’re not going to sign with anyone else. 15 is Time is of the essence. That means we have the time allotted to us to purchase the property marketing.
When we buy properties before we close, we reach out to people let them know that we’re purchasing the property so we can be prepared to resell it quickly. Buyers disclosure, we have to tell you that we are looking to make a profit on this. So if you see that we flip it and make money or sell it, you’re not coming back to us and saying what I could have sold it for more, right? That’s what we have to do. And 18 is a this for some reason we have to go to court over this property. It just describes the attorney fees, who pays for what 19 You acknowledge seller acknowledgement, you acknowledge that mean? You have agreed on this? I didn’t make you do this. And 20 prohibition. And that’s pretty much it. So curious, how do you feel? Do you feel confident signing this right now?
Looking back at 18? Yeah, let’s talk about 18. So basically, what this talks about is if you are to, you know, sue us for some reason, we get upheld in court, we don’t want to pay for your attorney fees.
I think I can live with that. Okay, well, I’ll
sign my portion right now. For as the buyer, are you able to work it on? Are you on your phone are you doing on a computer on a computer, okay, all you have to do is click on where it says Signature for
you. That’s not a signature that’s printed. It
works. It gets the job done. Yeah. And then once you sign it, you shouldn’t be able to just say complete, and then it will send you an email of the signed agreement on both of our ends.
That’s it You got here. You see my second channel. All right, sounds
good. I just got into my email, you should be getting an email as well. So let’s get let’s get to work. I will get the ball rolling on this thing. And we will be in touch. What we’ll do right now is we’ll send this over the title and I’ll have title reach out to you when they when they need more information from you. Because we’re probably going to have to work pretty speedily with them to get everything taken care of right.
Yeah. The only thing I will be available between one and two tomorrow afternoon. I won’t be available between 930 and 11 o’clock on Monday. Okay.
Thank you for letting me know that. All right, man. It’s been a pleasure. How you know, we are going to work on the speedy is there. Is there anything else you’d like to let me know before I let you go? No, I think we’re set for now. Okay. All right, man. Well,
you have a good won’t be in touch. I appreciate you your time. See it. All right. All right. What do you think Brother?
Freaking shock man? Freaking beast. Yeah. Now, that’s why is the natural way. Like, that’s, I’ll be honest, I’ve seen a lot of things throughout the years, like I’ve seen a lot of acquisitions, or a lot of people closing people. A lot of people are not, they’re not transparent, and they’re very unnatural. So what I can just notice right away is you’re very natural and very open to people and very transparent, which just sets the expectations right away and makes things way easier.
And that’s the key because like, you can’t tell this guy Yeah, I’m a buyer, I swear. And then like, you can’t find a buyer or it’s gonna be a waste of his time. It’s better to say look, bro, this is what we’re gonna do. You gotta give me some time. I can I can get some people over there in four days, for sure. That’s what it’s all about. Like, me and Daniel are working together on this so I’m gonna pay him off this deal. I didn’t spend any money on this lead. You know, we have a relationship. So it’s the same thing. You guys can all do this. You can network with people and work together and use your strengths. And it’s not about you know, blowing money on marketing. It’s about really it’s all about relationships. Okay.
