Justin Colby

And they're like, we just want 140. And I was like,

okay um if we put a little bit of money into it it'd be worth 300 and they're like we just want 140 and i was like okay why don't we partner i'll bring the money in i'll do all the work i'll do everything and then 140 will be your baseline and i'll pull my money back out then i put an investment and we'll whack everything else up 50 50 yeah we just want 140. Why?

okay um if we put a little bit of money into it it'd be worth 300 and they're like we just want 140 and i was like okay why don't we partner i'll bring the money in i'll do all the work i'll do everything and then 140 will be your baseline and i'll pull my money back out then i put an investment and we'll whack everything else up 50 50 yeah we just want 140. Why?

Well, because we have two brothers that are scumbags, and if we don't just close this quick with a 140, they're going to try to move in here and lay claim to it. Okay, fine. So that contract, on that contract that I wrote on the house, and I said, is it okay with you if I just give you 140? And they're like, yeah, great, fine. So I wrote in the contract, like, it was like, four paragraphs.

Well, because we have two brothers that are scumbags, and if we don't just close this quick with a 140, they're going to try to move in here and lay claim to it. Okay, fine. So that contract, on that contract that I wrote on the house, and I said, is it okay with you if I just give you 140? And they're like, yeah, great, fine. So I wrote in the contract, like, it was like, four paragraphs.

And it was like, seller was notified that the house was worth way more than like 220,000 seller was given the option to joint venture partner with me where I would put all the money in and we would flip it for a profit seller declined. I mean, I just, I laid out everything that happened. So there was no way they could ever come back. Yeah.

And it was like, seller was notified that the house was worth way more than like 220,000 seller was given the option to joint venture partner with me where I would put all the money in and we would flip it for a profit seller declined. I mean, I just, I laid out everything that happened. So there was no way they could ever come back. Yeah.

and say this because if you're in the business of selling houses and that is that is your business not necessarily the hostess but if you're a real estate agent in the business of buying selling homes the worst thing that could ever happen to you is a google review that says this dude stole grandma's house ever ever like that would just that that would demolish you so you've got to be very careful when you have that license of always doing what's in the best interest and

and say this because if you're in the business of selling houses and that is that is your business not necessarily the hostess but if you're a real estate agent in the business of buying selling homes the worst thing that could ever happen to you is a google review that says this dude stole grandma's house ever ever like that would just that that would demolish you so you've got to be very careful when you have that license of always doing what's in the best interest and

I never would have believed it, right? When things were very separated, when realtors were over here and investors and wholesalers were over here and there was a hard line between the two and I'm over in this camp, I would always say like, you're an idiot if you sell your house. I used to go on and do videos and said, if the contract says and or a signee and you sign it, you're an idiot.

I never would have believed it, right? When things were very separated, when realtors were over here and investors and wholesalers were over here and there was a hard line between the two and I'm over in this camp, I would always say like, you're an idiot if you sell your house. I used to go on and do videos and said, if the contract says and or a signee and you sign it, you're an idiot.

You're guaranteed you're losing money. Guaranteed you're losing money if you do that. And I never would have believed it until I personally went on appointments where people were like, no, I don't want to deal with any of it. I just want to do this. And I'm like, it's not in your best interest to do this. And yet here we are.

You're guaranteed you're losing money. Guaranteed you're losing money if you do that. And I never would have believed it until I personally went on appointments where people were like, no, I don't want to deal with any of it. I just want to do this. And I'm like, it's not in your best interest to do this. And yet here we are.

Well, I think too, there's a shift There's a shift in real estate agents as it is with the NAR settlement and now the buyer broker stuff. And like, you've got to actually, you've got to have some, some source to you to get those, those contracts signed. There's got to be some substance to you. You can't just show up and be like, Oh, there's seller pays me a cost. I'm free to use.

Well, I think too, there's a shift There's a shift in real estate agents as it is with the NAR settlement and now the buyer broker stuff. And like, you've got to actually, you've got to have some, some source to you to get those, those contracts signed. There's got to be some substance to you. You can't just show up and be like, Oh, there's seller pays me a cost. I'm free to use.

So what do you care? I'm going to represent my aunt. Now it's on your hands. Like, wait a second. What are you actually going to do for this money? Cause I got to sign a contract. It says I have to pay you if they don't. Okay. That's a little different. Yeah. So we're seeing, you're seeing the bottom people wash out. You're already kind of seeing that.

So what do you care? I'm going to represent my aunt. Now it's on your hands. Like, wait a second. What are you actually going to do for this money? Cause I got to sign a contract. It says I have to pay you if they don't. Okay. That's a little different. Yeah. So we're seeing, you're seeing the bottom people wash out. You're already kind of seeing that.

But also, I think as the thin, I would like to say as the herd thins a little bit, you're going to see more people come in that are more about the business of real estate, not about the transactional side of the real estate.

But also, I think as the thin, I would like to say as the herd thins a little bit, you're going to see more people come in that are more about the business of real estate, not about the transactional side of the real estate.

Yeah.