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So I've got seven days to buy a house in the United States of America using none of my own money. Oh Terrance, and I speak the sword is prepared to give it ours, man. I mean, uncommon. I'll go freakin' supposed to do. Confirm with them every 15 minutes. Thanks for nothing. We have a lease option on it, and then he has a renter. Rent.
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Yeah, yeah, yeah. What would be the most you could accept to live with? And what do you think? Obviously, I need to do something to my. What were the lowest you can accept and still live with? It's hard because there's a lot of properties that are really, really cheap if we want it cash and we just went for it. Milly's, although sometimes 74, we point on performance, 60s without the defend you, 60-nine lights over the logo, 65, 63 system on that, or 69 over 60. Is that this up? Is up because as low as you're pretty close to if we did 1601 but asking you to pay for the transfer fees and stuff. That work for you? He's trying to play with numbers. If you paid 69 and I could contribute 3%, okay. So you're basically saying if we bought in 69, you got off something if you're really, really serious about it, right? Okay, if I pay the closing costs or anything, right? Let's do 86 cash. Everything. Pay the closing costs. I'll pay the transfer tax. If I don't, would it take from the top? Needs to be going out the movie. You could do it next week. Well, that's quite cool. That's quite cool. Lease option agreement. Will either pay the price that you want, but on our terms, or we'll pay the price that we want, but on your terms of fun. So if we might listen cash tomorrow, yeah, we've more like a bit about a bit of our work in essays by bit, did by occasional attacks whatsoever. Yeah, interesting. Yeah, cap cares. Yeah, this is weekend. Given that they'll maybe give you watch 65,000. Yeah, and then we've been completely financed into you. And that's your offer because ever set up trying but home to other projects at the same time. The benefit long is we would do the beefed up in the house. And if we, if you never hear from us again, you've got a silly we thought price. That's a pocket. Always easily say we go to the bank, take out three grand, fix everything up, put tenants back in it, you know, it's a plus one, three better. No, I can have a guy come here tomorrow, take this back in this whole floor for me, and then start painting on Saturday for at least nine hundred dollars. In five years, how much do you think this place we want? Oh, [ __ ] five years. Like I said, they want a common face. No more than that. Easy work. That yeah, you want 65? Yeah. Would you be up for any sort of deal? Any sort of arrangement? Or any sort of deal with perhaps we come to our new try a higher amount, but not straight away? It's a Mike riddle. No, I'm not ready to like at least one. So like maybe I know 85. Wait, five hundred, a thousand in three years. But in the meantime, what we'll do is we will essentially be your tenant. We'll give you a monthly rent. We'll give you eight five thousand four in three years. No red one. Your foot now. I know it's early. No, no, just to see what lobby walking me that do the same thing. I'm like, not just drink air because my team to do. I think the cash. Hmm. Goodbye more. Yeah, if you got a really good deal on this the cash, like a really good deal. Yeah. Well, we'd have to Christmas that orange to know for sure. But if we got it like after 20, at least 20, 22, 25. Ask it like it 150. 150. Why would you? Why would you 255 but then not 85 in three years? You don't use the moment. Yeah. And then we know why that you'd be prepared to do a completion. Do that because I have.
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He was just standing in the middle of the road. Look, what the heck is he doing? He looked like he wanted to kill me.
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Yeah, duration. Like, okay, no. So basically, he's open to the idea of us taking on his mortgage and everything like we talked about. But he's just got a couple of concerns and what's to make sure it's done properly. I totally get that. That's cool. So what do you mean? Are you, are you around? You want to join or maybe meet and just go through all the different ifs and buts? And I can talk you through. We can, I mean, I don't know what you want to do. Okay. Yeah, I mean, we were just leaving Camden. It's a bit of, it's not been great. So I think this property would be a lot better. I guess we could probably be there about half hour. Yeah, calling 40 minutes just in case because it just in case traffic. But yeah, that's great. And we can have a chat and see what happens. So would you do it? Would you just text me the address again because I can't remember the exact address and I'm just, we're just in the car and stuff at the moment. If you text me the address and, and we'll be there in next 40 minutes. I appreciate that, man. You're awesome. I'll see you in 40 minutes. Cheers, bro. Bye bye. Oh, dude, I think we're gonna get a deal. Yeah. So what's the plan? How far is it for me to the problems ahead? It should be really, really hope that we don't miss this appointment. Listen, hold on. Me. Well, that's what did he say? The concerns will were the telephones. So if we can put his concern is that we're gonna bugger off back to UK. He turns from the trashed place and I grab you never hears from us again. Okay, we need to meet him. If this, if we get the agent inside that guy, we can 1 billion percent do this. I think. I mean, if we can get Mervyn on our side, yeah, if Mervyn wants this deal to happen, it will happen because the seller is motivated. So we need to go over and get him on side big time. Maybe, uh, let me do the talking. I get why, but that means to come on. We can afford it. I think the thing is, what, so, so what's the crack then? What's you actually? So we happy to do early? So concern about everything else? The tendons and the, you know, that the year, the five years, you know, he's open to him and I still, you know, a decade obviously. So, well, his mortgage pleasures, his mortgage treatment is roughly just, it's two hundred dollars a month. So that's what it is. That you're selling? Yes. Okay. That's cool. What she, what she's main concern was? Main concern is just the duration. I mean, that's the biggest thing. The duration of the deal. Can you get a little extra? Yeah. So I get that. Okay. If we said table, give a few thousand hundred for right, they will pay him 200 per month to cover his more, which and then in five years, we'll give him seventy five thousand pound. What he will he be up for that? Like 350? Next 150 bucks long? Oh, he's gonna get that back in the first. He's gonna get two grand in the first year. He's gonna get an extra, it's six, seven runs. Mm-hmm. What are you giving the gal at this deal? If we do this, how are you gonna get paid? Oh, well, the field that I have to give would have to be negotiated. And to negotiate anything about that markup would be my fee. Or you guys can pay me on the society. Even if that's something you're open to. But usually, if there's an assignment of these types of deals, that's typically the traditional way. But basically, and what you're saying is you would like potentially something up front from us. You know, how much money waving a knife up this day? If he goes off, well, we know the Lorraine is approached to make. Well, you tell us. You told us 8 to 12. Yes, that we've confirmed with other people. This other make neighbors know that my family is basically we're paying him to depends a month. We will win it out and we'll make that property difference. And then in five years, this property will point it with a lot more than tell me five. Yeah. And then when we play him 75, we obviously will be able to cash in the difference. We can even sell it at the end of the term if you want to see if we say, if we said to him, he's never doing the extraction before we've done. If we say to him, we'll take it over the mortgage payments. Will be the person that makes everything happen. And where he kept all of the cash flow, all of it. So anything above 300, 200. Well, we said we're gonna give 350. Okay. We have thought because we don't only be in 2000. No, there's no, no, because he, that 2000 pound was really for him. Yeah. Yes, 100% 100%. So if we give the vendor also, we leave him to own this because if he overs this, he'll make it happen. He didn't care what happened because we can't speak to Sarah be with ya. If we say to him, look, we'll help you and teach you what a lease option is. Right? Pay the owner 200 bucks a month. Anything above that, you keep. But you're responsible with that money for the maintenance of the property. But then at the end of the time, we have the option to buy it. This is the most complicated agreement a bucket a sphere. Yeah, yeah, yeah. We have a lease option on it. And then, yeah, we'll have the option to buy. Is upstairs? And then you married kids? Where did you live with? Okay, how much money to make? Come on, hold on. On average. Okay, how much the boy? This is how much you made last month. Okay, so basically, it's been slow because you only get paid when you make a deal, right? Have you ever thought about managing properties? Managing them? You're just open to making money, right? And learning new things? Uh-huh. Okay, here's the thing. If we buy this problems, you're on a lease option agreement. We will make really good cash flow every single month. Okay. The problem it is with from our point of view is we're not, we're not in the area. Which is also a problem for the owner because he's thinking, all these guys aren't in the area. What happens if there's bad tenants? Doesn't make sense. We're suggesting that we buy on an option, but you manage it and you keep 100% of the cash flow. 100%. So listen, we pay the landlord 200 bucks a month. The owner. Okay. Then you rent it out. How much would you rent this place out for as it is? Good. So you pay him 200, you keep 800. And I mean, you might have to pay some costs and stuff. But any profit you make, you keep 100%. And then in five years, we'll buy it for 75 grand. That'll be our option to buy it. And then you can continue managing it for us. And we'll give you a percentage of the rent, probably. But that's five years. You'll be a millionaire by then. I'll be a millionaire by then. I don't know. What do you think? Okay, you need to speak to the owner. You need to tell him we'll pay them 200 bucks a month. We'll bite the 75,000 pounds in five years. I'll give you all the contracts and stuff to do that, which he can sign. I'll also send you another memorandum of understanding, which we can sign, which is what I basically just told you, like the bullet points of this conversation and the agreement. And you can sign it. We'll sign it. Then you get that. If you can get the seller on board, you be sure you should be making at least three, four hundred bucks a month. And just, just for managing it. Let's do it. Done. Let's do it. Dale, man, dude, you're freaking awesome. Awesome. Absolutely stoked. We just sent over the contract to Marvin. The broker. He has sent it back. The deal has been agreed. And tomorrow morning, we are flying back from New York to London, England. What a week. What a week. You know what? It's been an incredible, incredible journey. I hope that you managed to make sense of what was going on. So basically, we are buying the house on a no-money-down lease option agreement. But the estate agent, he is going to be managing it and taking control of it and benefiting from the cash flow. It's the perfect joint venture. Where also we spoke to Marvin. We're going to be doing more deals with him. And he's learned so much. He's so inspired. He's now going to be looking to do some lease option agreement himself. You know what? Just blows it on the line. But I think the lesson in this is not that I fantastic. Not at all. I actually was a bit of a dummy of this week. The real lesson is that was the right knowledge and the right gritty determination. Any body can make money in the property industry anywhere in the world. You just need to take action, get the knowledge, and go do it. Wow. Look at this. Well, we did it. I can't believe that we did it. But we did it. What a day to be alive.
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To think, when did we found? We found you just from Zillow. And now we're doing business together. So this is gonna be on YouTube. Are you okay with that? Are you okay to go on YouTube? Oh, man. You know what? We're really killing it in the UK. Okay. We're here. My name is Samuel. Samuel Leeds. My name. Yeah. Yeah. We're killing it in the UK. We came to the state. We've no money. Yeah. Yeah. You just basically on a on a challenge to try and do a deal with no mama. And if it wasn't for you, we wouldn't have been able to do this deal. So you are the friggin man. No, no, no. But you know what? This is this is awesome. And I can't wait to do business with ya. So you're, we'll just imagine like what's called a memorandum or sale to go. It's basically just so it just lays like what we've agreed. You present that to the degree. You send those. Will be your contracts. Bioscience on their doctors on. And that's what you do. Anyway. Yeah. Then you sign them in the vendor center. And then we send them to the. Yeah, it's my English. It's my English. / So once we've got their beefs, once I will sign outside, give it to the owner. Hugh sign it. And then we can put them in touch with the. Is this, is this like the strangest agreement you've ever made? Going forward, you're gonna be responsible for pitting tenants in here. Okay. Advertising it. Collecting the rent. You can do that corner. You're gonna keep the rain. You don't have to pay Samuel any rent. The only thing you're gonna need to pay, obviously, just the basic. As it. No, it's gonna be as if you own the property. The mean to this. I'm pilot umpire D and buy them expand in the rain every month. Just maybe, maybe just keep the box by. I mean, yeah, that's cool, man. Do or something. Thank you. I appreciate this opportunity. This is awesome. You're all some breath company. UK, man. Yeah, come to UK. Nine. Thank you so much. I appreciate your business. I look forward to working with you. I look forward to it, man. We'll be in touch. I'm training a dog, my friend.
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