Our Quick Exit Strategy Involves Buying Low Selling Clean and Skipping Renovations | Ep 79

James: Welcome to the Furlo Capital Real Estate Podcast, where we're gonna talk about a house I just bought. Woo hoo woo. Actually, what we what we actually do is we talk about the intricacies of passive real estate investing. And our mission is to equip people to invest wisely, whether that's multi-families or single families or whatevers to invest wisely so that together we can build wealth while improving housing.

I feel like I'm forgetting something. Yeah. So that we can do that. Yeah, so anyways, I'm James and this is my wife Jessi.

Jessi: It sounds like we will invest in a teleprompter.

James: Oh, man. Yeah, this whole like, I've. Trying to change it up. I know. It is so hard adding the

Jessi: hook in and then you're like, wait, I'm out of the flow.

Ah,

James: I know. It always, I, it feels like a great idea when I enter into it. Yes. Like, oh, this is gonna be so great. Well, and because it's, it's interweave.

Jessi: Even if you say all the pieces, it was out of order, so it feels like you forgot something. I know, I know. It's just like,

James: it's like, did I talk about people and tes and buildings?

Invest wisely in both people and buildings. I don't think I, yeah. I was like, I know I'm missing people. I was like, I know I'm missing something

Jessi: in both properties, but what is it?

James: And people, sometimes I get that feeling too, when like, I'm investing in a place, I'm like, am I missing something? Did I, am I, did I cover all the numbers?

I think so. I actually had that today because well, we'll jump into it, I guess. Yeah. Let's, let's do it. So why not? So I so we, we, I sign all the paperwork. Yeah. And so we actually, we technically close. On Friday. Nice. But yeah, so super exciting. I literally got home after signing it and like went back and rechecked the numbers.

Interesting. It's way too late. I'm committed at this point. I've transferred the money. Yeah. That's

Jessi: not, that's not your typical,

James: I just, I don't know, reaction something about it. It, I was like, did I, did I

Jessi: miss anything? Something about it, huh?

James: Yeah, I just like, which it was fine. Did you find it? Yeah. Did you find anything?

It was fine. It was fine. It was fine, but I definitely was like, okay. All right. All right.

Jessi: Interesting.

James: Yeah. But that happens. I, it's pretty much every single time I do that. I don't, I don't know why. Yeah. I have this gut, like I need to go back and check the numbers. Well, I know

Jessi: as you are like approaching that point of closing on a property, you don't sleep like the night before.

You're just like, that's cool. We're gonna close. We're gonna close. Okay. Did I do everything? Did I do, did I check? Should I think about and everything? I slept

James: three hours last night. Yeah.

Jessi: Yeah. It's like the be the before and the after. Yeah. It's just hope, which I get it. Hopes tonight's. That'd be fantastic.

You're signing. It's a big deal. It's a big deal. You're using other people's money. You're signing documents, you're committing. It's official.

James: Yeah. I love it though. I do it anyways. Yeah. I have three days sleep. Well,

Jessi: I don't know. I mean, it's good. I feel like it's similar to the statement that we tell our kids where.

You're nervous about? Usually it's about like a performance or something. Yeah. If you're nervous, it means you care. It means you're invested. It means you are part of it. That's a very

James: positive way to look at things. I like it. Well,

Jessi: it is because you're like, oh, this is, this is a big deal. I'm on. Like I'm committing to something for other people.

Yeah. I want to do a good job. Yeah. And make sure that I,

James: that's fair.

Jessi: Checked all the boxes and Yeah. Did the research well and followed my process. Mm-hmm. You know, so it's like, it means you care.

James: I do care.

Jessi: And you're. Passionate about

James: this. Yeah. So I care about this particular project. Yeah. It is an independence organ.

Yeah. Yeah, exactly. Kaka. That's the eagle. That's my eagle sound. And so, yeah, super fun. It is a single family home. It's, oh my gosh, I should know this. I think it's one bathroom. I'm like, I'm running through all the rooms. One, two, I think it's a four bedroom. One bathroom, an opportunity to turn it into a multi two bathroom.

Jessi: I, I got a little nostalgia because that reminded me of like the home I grew up in. Turn it down. There were a lot of us in one bathroom. Lots of bedrooms. Dang. One bathroom. Dang. We ended up adding my parents. I didn't. I was a kid, but they added another bathroom. It was fantastic.

James: Yeah, I thought about, naming this episode as this Facebook ad made me 30 grand, but it's not true 'cause I haven't sold it yet. I just bought it. You haven't sold it quite yet, but the origin of this story is we run Facebook ads. Mm-hmm. And in the Willamette Valley area saying, would love to buy your house for you. Yep.

Specifically this one, I wrote it down. It's I label all my stuff. This one is the Facebook Fast cash and and that's essentially the ad is, Hey, would you like to get cash fast? Give us a call for your house. Yeah. And the way that our funnel works is it's it's I have a video ad, but this one is just a picture.

Speaker 3: Hmm.

James: They click on that, then go to our website. That has a nice video of me talking about how awesome we are and how we can help people. There's a form not

Jessi: supposed

James: to laugh at that.

Jessi: I don't know. Just the way you said it was just like, there's a video of me, man. Awesome. I'm awesome.

James: Yeah.

Jessi: Trust

James: me.

Jessi: And if you want the link, I'll send it to you.

James: Yeah, and the way that works is there's a form that they fill out. Yeah. And then we get back to 'em within 24 hours with an offer. There you go's the idea. And so this guy clicked on it January 5th. Hmm. 2025. There you go. Yeah. And if you're looking, looking at the calendar, you're like, well, that was a while ago.

Okay. So when they, because I had someone ask me like, do, is this a quick close? I was like,

Jessi: well, yes and no. Interesting. So when they're filling this out, what type of information are they giving you?

James: Address, name, contact.

Jessi: That's it.

James: That's all I need.

Jessi: So then what do I need when you, I don't know their backstory.

Why they're, why they wanna get rid of their property. Yeah. That's why I get on the phone with them. Well, that's true. True. You have follow up. But that's what happens.

James: Like when, whenever someone fills it out, we, like, you just call them instantly schedule meeting. Like, hey, okay,

Jessi: when can we talk? That's what you, that's like a next step.

James: Yep. Yeah. You learn more. We actually have an AI bot that does it all for us. What? Yeah. We're so advanced.

Jessi: That's wild.

James: Yeah. Oh, it's a sweet little website. If you wanna check it out, you can. It's a solid rock capital group.com. Long URL. Amazing results. I think I, I, what did I stole that from somewhere?

Oh my gosh. Where was it? It was bay Area Jobs Report board, something. It was a super long URL, but that was our whole thing was like long URL, but amazing results. I was like, nice.

Jessi: Perfect.

James: And then they just, that's how you got around that. They just changed it for each area and then like they did all the US It was kind of a cool idea.

It was just a job board. But anyways.

Jessi: So this guy filled out the form, filled out the form. You got his address to his contact info? We talked

James: to. We talked to him, yeah. And he told us his story. Okay. Which was, he grew up in this house. His mom owned it. Yeah. And she had recently passed away. Mm-hmm. And he was just looking off, haul it, he or offload it.

Yeah. He didn't wanna deal with realtors. He wanted something that was like, he was, he wanted a quick close. Yeah. As you can see, it wasn't, yeah. But that was what he was looking for. Hmm. He had a piece of land elsewhere in Oregon that he was looking to buy to start up like a, essentially a camp.

Interesting. For, or like a retreat, best better way to say it. A retreat for veterans. Yeah. To go to, it's got a sweet lake. He's got boats. Wow. He is. Are we are now friends. Super. He invited our family out once all this is done. Yeah. So like, I think this summer, we'll, we'll make it happen, which will fun.

Jessi: Wow.

That's very cool.

James: But yeah, and we just usually what we do in that situation is we go to the house and we're like, yeah, show us around. Give us a tour. And we sat in his living room and. Just kind of listen to his story, what was going on. Mm-hmm. And you know, and when we get the address, we immediately go to work.

Mm-hmm. Like, okay, what are the comps for this place? If this was fully fixed up, what would it be worth? Mm-hmm. That kind of thing. Mm-hmm. Yeah. So we kind of got an idea. Sure. Walking into it. And then part of what we're doing is we're looking at the condition. Yeah. What would it take to make this thing you actually work?

Yeah. Get to that level. Yep. Yeah. And so that was what we did. And on, let's see, I wrote this down. That was on the 18th. January is when we were, we actually made him an offer for $300,000. Mm-hmm. But the way that we structured it was really, really creative. Hmm. So what we said was, we gave him 20,000 down

Speaker 3: mm-hmm.

To

James: buy it for 300, but he had an existing loan on it. And we're like, we'll just keep that loan going.

Speaker 3: Mm-hmm.

James: And we'll just pay it for you. And, and we're like, whenever you move out, we'll take over.

Jessi: Mm-hmm.

James: And the 20 grand was to give him moving costs essentially.

Jessi: Okay.

James: And so that was what we did. Yeah.

And we're like, yeah, like, you know, just let us know. He goes, yeah, I'll be out in a month. And again, if you're listening to the podcast right now, you know, it didn't happen. And and so it was just, we just regularly check in, Hey man, how's the moving process going? He is like, oh, it's going. I'm like, okay.

That's so interesting. His mom had a lot of stuff, a lot of had a lot of dolls, a lot of clocks. Oh, a lot of antique type of furniture. She had to do, like

Jessi: estate sales and or something.

James: Get rid of

Jessi: things.

James: Donate things. Yeah. He didn't just take everything to the dump. He, like, he tried to piecemeal it.

Yeah. Which, which is fine. I totally get it. Yeah. And, for someone who wanted it quick. We're like, this is not a quick, this is not quick process, but that's okay. You know, like that's part of, that's part of the process. Yeah. And where on this? Yeah,

Jessi: so, okay, so I'm, I'm like trying to think through like the logistics and like, oh, I'll tell

James: you what we go

Jessi: like document side of things.

At, at that point it was just like this verbal agreement that you had that No, it was

James: written down.

Jessi: Okay. So you had a document. You had a closing date? We didn't handle a

James: $20,000 check. No. It was more like an option to purchase. So we Interesting. Yeah. Yeah. Okay. Great question. Yeah. 'cause I'm kinda like, so it was essentially, it was the least option.

Wait, why didn't he get out? So the whole idea was, okay. Yeah, great question. So we gave him 20 grand with an option to purchase it for 300,000 and, but once he moved out, we would start renting the place from him. And then our option was sometime in the next six months, we would then exercise that option to buy it.

Jessi: Okay.

James: And our whole thing was like, we're gonna go in. 'cause the house was in decent shape. Mm-hmm. Like, we're gonna go in, we're gonna remove whatever remaining trash is, do some cleanup, list it for sale. Okay. Like that was the entire thing. Yeah. It's called a whole tail strategy. Okay. And like that was our whole thing.

Mm-hmm. We're like, and he'll just have loan payments. We'll take those over, hopefully we can get this thing done and within six months and then we'll do a simultaneous close. We'll buy we'll when we sell it. Mm-hmm. We will then, you know, we'll buy it from him all in the same day.

Jessi: Yeah.

James: Which meant for us, we only had to raise the 20 grand.

Mm-hmm. Which we had, plus whatever cost it would do to fix it up, which is like five grand. Like again, we were not planning on doing much. Mm-hmm. Just clean it up. That was the whole thing.

Jessi: And the money to like. Pay them mortgage. Oh, yeah, yeah, yeah, yeah. We're gonna have to pay that too.

James: In the in between.

Yeah, yeah, yeah, yeah. Which was a couple grand

Jessi: each month lease, I guess. Well, whatever that works.

James: Which essentially all the lease was gonna be was utilities. The mortgage. And the mortgage. Okay. Like that was it? Yeah. Yeah. Interesting. Good question. That was, that was how we structured it. Huh? Super easy. And we were just waiting for him to move out.

So

Jessi: the signing that you just

James: did, he

Jessi: moved out,

James: you bought it. So things changed, so,

Jessi: Ooh,

James: that was in January, mid January. February came and went. Uhhuh March came and went. April came. This

Jessi: is so interesting,

James: and, and he, and we finally, he was like, Hey, we should meet and talk again. We're like, great. He goes, I'm not moved out yet.

Like, okay, obviously cool. He was like, but I ran outta money. I spent it all, I need a little bit more for me to finish the move out process. No. Yes. So. We gave him another 10 grand, but this is all part of, like, it's all contributing to the down payment. So essentially we're giving him money up front

Jessi: Right.

James: That he's not gonna get. And yeah, this is all documented. It's fine. Sure,

Jessi: sure. Yeah. You're not just writing checks. Yeah. That your buddy can't cash. Essentially it's earnest money down. And that was a different episode. Yes. That,

James: yes, that was, that was a while ago. Do you like it? But so yeah, so we, so that was what we did. And we're like, okay, but, and he goes, and for this new retreat that he was buying, he goes, interesting. I like my debt to income ratio doesn't work if I keep this loan on my books. So I actually need to sell the property. I can't, we can't do this whole lease option thing. And we were like,

Jessi: oh,

James: oh, exactly.

So we need to raise the money to buy this entire thing. And so he came back to him and said, that's different. Yes, we're happy to do that at two 80.

Jessi: Right.

James: And he said yes.

Jessi: Oh, okay.

James: Yeah.

Jessi: Yeah.

James: And so we gave him a check for 10 grand and we actually set up a closing date in April. Again, if you're listening to this podcast.

And we got, I'm like, we got all the, and we just talked to a lender and we're like, Hey, can we just get a, a quick loan to do this? Like we're, this is gonna last a couple of months. Mm-hmm. Like, that's the whole point. Yeah. And so we talked to a hard money lender, got everything lined up, we were all ready to rock.

And he goes. I'm not ready. I still need to move stuff out. And we're like, well, we're not closing until the stuff has moved out.

Speaker 3: Mm-hmm. Like, '

James: cause we, like the entire strategy here is predicated on us moving fast. Mm-hmm. And if you're still living here, we can't do it. Yeah. We

Jessi: can't move fast. Yeah.

James: And so that happened.

Mm-hmm. And so he was like, we need to, we need to delay it another month. To which our lender was like, it's like, well, I. Okay, we'll start this process all over again when a month happens. Mm-hmm. 'cause he's got other individuals who are investing in the deal. Right. It's not him, he's just a, a middleman Yep.

Type of guy. And so we're like I felt, I was like, that was actually super frustrating. We're like, okay, sounds good. And, and I was like, and we told him, if you delay on us again, like we, well ultimately we were like, we will not set a date until you are moved out. Mm-hmm. That's what we're doing. And so, oh.

Today, on Monday, he was like, or I guess like that Friday. Mm-hmm. He called us and was like, I moved out. I'm ready for you to come look at the place. And so we looked at it on Monday.

Speaker 3: Mm-hmm.

James: Today is Wednesday. Okay. And, and we looked at him, we're like, oh yeah. Like he, he's, he's done moving his stuff out.

Mm-hmm. All the stuff has not moved out, but he is done moving stuff out.

Jessi: Okay.

James: You left a pile of things. That's why we have now interesting. Two new medicine balls because that was part of the pile. And I went, oh, pile of things. Cool. I'll take that. You're like, yeah, sure, whatever. I'm not taking it with me.

Like, cool. And so, but he was moved out enough. We're like, all right, this is a day's worth of work to, to finish. Gathering all this stuff, taking it to the dump, taking stuff off the walls. Mm-hmm. You know, it's like the, the random nails and whatever. Yeah. There's a piece of drywall that needs to be fixed and like Sure.

Like that's it. Like, it's a day's worth of

Speaker 3: mm-hmm.

James: Cleanup work. And then so we're like, awesome. Cool. So we called up our lender and we're like, I think we're actually ready to close. Yeah. We're ready to rock. So whenever you're ready. Like, we're good. And he, I guess he called up a couple people and he goes, cool, we can close on Friday.

Yeah. Oh, okay. So when someone asked like, that's fast, can you close, quick? We're like, like yes and no. Right? Like this started back in January. Yeah. But then when the time came, 'cause we had already vetted everything, like the deal had already been fully vetted. Right. And so when we were finally like, yes, it was like boom, we moved quick.

Jessi: Hmm.

James: And so so yeah, so we signed everything today, so he'll sign everything tomorrow and we'll close on Friday.

Jessi: I am super grateful that you're closing and that's great. I'm like. My head goes to like, alright, what would we have done differently here? Like, you know, 'cause he was, he was kind of dragging his feet.

He had other things going on. He probably didn't wanna get rid of stuff or that, that's a process. Yeah. You know, to get rid of stuff. Mm-hmm. How would you have done anything differently? Oh, that's an interesting question. Looking back, like would you have offered service or help to get him to move stuff or, I don't know.

James: Yeah. I don't know. That's a hard one. I mean, we obviously, we structured in such a way where we didn't lose any money until Right. He moved out.

Jessi: Yes.

James: And, and so in that sense we were kinda like, Hey, we'll take as long as we want. Sure. Now, at some point in time I was like, I did not think he was gonna hold onto our 20 grand for four months.

Had I known that, I might've been like, Hey, there's an interest related to this. Yeah. That's essentially a loan. That's probably the one, that's probably the one thing I would change. Mm-hmm. Is like. Hey, if you get this thing done in a month zero interest mm-hmm. If not, like, we're gonna start charging you 5% interest on the money.

Right. And, and we just, we just deduct that Yeah. Out of, from the purchase price. Right. You know, so he doesn't pay it necessarily, it just Right. Just proceeds go down. Yep. And so that's probably the one like structural change, which could have, should have incentivized him Interesting to move a little bit faster.

Mm-hmm. 'cause each month he would've been like you know, had we done, if we do 6% off of 20 grand. That is $200. That's a hundred dollars a month.

Jessi: Okay.

James: And so, 'cause 12% would be 1%, 1% of 20,000 is $200, 6% is half that a hundred dollars. That's how I got to that. So you know, which is not like, which is not, that's not a ton.

Maybe not that incentivizing. Maybe, but still like, I'm like, Hey, this is what I would've, I would've had, I did have it in a high yield savings account, so at least offsets that. Mm-hmm. So that's kind of a interesting, yeah. So what we ended up doing, so we bought it, like I said, for two 80, and we are hard money lender brought $232,000 to the table.

Mm-hmm. So you're doing quick math in your head. And so we brought about 50 grand mm-hmm. To, to the closing table. We're seriously, we're gonna spend like five grand fixing it up. Mm-hmm. Like it's, this is not a rehab. Pretty amazing. Yeah. It's where we're literally, one day a guy's gonna get in there, clear out all this stuff, fix the drywall, and it's actually up against the fridge.

So it's like, do the drywall, paint it like we don't need to texture or anything. It's going to be hidden. Wow. Just the appraisal. Have a cow if he sees that. Sure. So we gotta cover it. We're gonna get cleaners in there. Mm-hmm. To clean it all. Yeah. And then we'll have our yard guy whom we love. Yeah. Do the yard and.

You know, take the moss off the roof and clean the gutters and

Jessi: Wow.

James: Like our whole goal is to have this, oh. And then we'll hire a photographer, take photos. Our whole goal is to have this done in two weeks.

Jessi: Wow.

James: Listed, and we're gonna list it for three 40.

Jessi: Okay.

James: With an understanding that someone's probably gonna offer us three 40 with $10,000 of seller credit.

So essentially, so you know, when you buy a place, you gotta do all the closing costs and stuff. Mm-hmm. So what we're saying, what we'll say is, well, we'll pay $10,000 at the closing cost. Okay. So it makes it, they have to bring less cash to the table. Sure. We, the price we want, it makes a bigger mortgage, blah, blah blah.

Speaker 3: Yeah.

James: Let's see here. So we're gonna do that and then let's see here. We assume real estate commissions 'cause the guy I am working with is representing us. So real estate commissions of 2.5%. So we'll have to pay like eight grand towards that future person. Mm-hmm. And yeah, when it's all said and done, we'll make a, you know, we're not gonna make a ton of money.

Mm-hmm. Like 15 grand,

Jessi: but still, you didn't do mean you waited, I guess. Right. And then you didn't do a ton of fix up or flipping or anything. Yeah. And so ultimately we're gonna sell it to someone. It's not bad

James: for, like I said, like, call it three 30 net. Mm-hmm. And, and then that person will go in and they'll do the sweat equity thing.

Right? That's the whole goal. Yeah. Because if this thing is actually fixed up nice. And you can, you can add a second. There's a way to add a second bathroom to this. Mm-hmm. That particular property is now worth over 400.

Jessi: So for this particular one, why would, why did you choose not to add the bathroom and make it nice and then sell it for the higher price?

James: Yeah. I think a lot of it was because of that original structure that we had in place. Mm-hmm. Where like we were never really gonna own it. It was all just leased and we were just doing some arbitrage. Yeah. At that point. And so the whole point was let's just get this thing sellable. Mm-hmm. And we'll earn a little bit of money for doing that.

That was the initial thought process. Mm-hmm. And so it, and that's, that's something that still stuck. Yeah. I guess. And we talked about like say, Hey, do we just do, do we do a full on raise? Mm-hmm. Get the funds, do the full on flip. Right. And, you know, and make this thing worth that much. We thought about it, but again, I think our goal is to help with the affordable housing piece and, yeah.

And to let other people contribute their sweat equity to it. Mm-hmm. And, and by us not doing, and so our goal is to get it lendable. Yeah. In this case it already is. Mm-hmm. So like, all right, cool. We don't have to do anything. We'll just clean it up and move on.

Jessi: Yeah. And, and that offers the opportunity for a family to move in and make it their own.

And a hundred percent do the projects. Everything. Yeah.

James: Yeah. Exactly. Take their time. Mm-hmm. You know, they can take. Two, five years. Yeah. To do it. I think the bathroom's kind of a big one and you know, semi optional, depending on who it is. Sure. But I think someone new family will come in. Mm-hmm. They'll repaint, they'll do new flooring.

Honestly, the roof's fine. The siding's fine. Yeah. And I think, I think, I think they'll, there's potentially some stuff you can do and like if you really want to get crazy, you could probably restructure some of the kitchen and the living room type of stuff. Maybe. Yeah. I like, I think long and hard before I do that, but like it could happen.

Sure. So, yeah, that's part of why, 'cause we don't want to, we want to let another family move in. Mm-hmm. And so,

Jessi: makes sense.

James: Yeah. That's what we're doing. So just kinda of a fun project That fun. It's, it is unique. Has been multiple months in the work. Each of them are

Jessi: unique. Yeah. I'm kind of

James: excited just 'cause it was because we we ran this ad, right?

Mm-hmm. It was like this Facebook ad that kicked off the whole thing. Yeah. And yeah. Yeah. And that was that was cool. Be like, oh cool, this actually works. Mm-hmm. And that's, that's I don't know if that's a majority of the ad of the leads we get now, but it's a lot of 'em is going through that way.

Super interesting. A lot of 'em don't work out. I just like hearing that,

Jessi: like obviously there's a person behind each of these deals, right? And so it's like, huh, alright. Yeah. You had a story and a motivation and things to work through and yeah, there's this negotiation process that you go through and.

There's some waiting sometimes and some adjusting. Yep. It's, it's not this cold kind of, we had a document, we all signed it, it was done. You know, it's like, no, there's, it's, it's, yeah. And in some ways I think it's okay that

James: he waited. 'cause now we're like a prime selling season. Sure. Now with the loan, I assume that we're gonna hold onto it for four months.

Speaker 3: Mm-hmm. And

James: so our, again, our timeline is get all the work done in two weeks. Mm-hmm. Get it listed, then that gives us a month. That gives us two and a half months mm-hmm. To find someone to buy it and then a month to close.

Jessi: Okay.

James: And like, that's how we underwrote everything. If things go faster than that, that's great.

That's great. We do have a minimum of three months with our lender. Mm-hmm. So like, so whatever, like that gives us a little bit of time. Mm-hmm. So. And given the time of year that we're in and the way that we priced it and what it is, we're like, yeah. I feel very confident that we'll get that done.

Mm-hmm. So hopefully in like a month or so I'll be like, Hey, remember that house? We sold it. Awesome. Quick turn. So yeah, it's it's been cool. Been enjoyable project. That's awesome. So yeah, looking forward to doing other deals similar to it. Yeah, I think it's good. It I am, we've talked a little bit about this, like I am, I'm on the cusp of having to hire.

Like a full-time handyman. Right. Or a part-time even. Mm-hmm. Just like, 'cause this kind of project, like it's a day's worth of work. I've got someone over another property tomorrow doing a day's worth of work. Mm-hmm. I've got another project, it's like a day's worth of work. I have a bunch of these, like, it's just like a day get

Jessi: onesy, twosie types of projects.

James: Yeah. Yeah. I was like, and they, they do start to add up in two weeks, but I'm just like, ah, I'm just not quite. Mm-hmm. Not quite there yet, but it's all good.

Jessi: Yeah. Maybe you need a Facebook ad for a handyman.

James: Dude, I've thought about that. Actually. Find a good handyman. It's funny, like I actually, I don't need a handyman.

I need someone who has a good like attitude about doing physical labor.

Jessi: Yeah.

James: Because I have all the tools. I can teach 'em all the stuff. I just need them to be like excited about it and learning like that's true. That's what I'm looking for.

Speaker 3: Yeah.

James: So there you go. Who know by the time this airs perhaps I'll actually be looking for someone.

Yeah. Hey, if you know someone I'm super interested in That's right. Talking to him, why not? Why not? I'm willing to stretch, figure it out. Mm-hmm. But yeah, anyways, I'm super pumped. It's excited. One of the things I do with my partner Lawrence, who he was on a podcast. Mm-hmm. Like a month ago now.

Yeah, man. Maybe two months ago, whatever. Anyways. Every single time we close on a place, our tradition is we go and eat pizza. Whether we buy or sell. Yeah. Which is like, it's awesome 'cause we both enjoy it. And so I'm gonna say something highly controversial that will mean something to some listeners and mean nothing to others.

We're going to American Dream.

Speaker 3: Ooh, for this one.

James: I know it's not. Wow. That's It is not my favorite. That's not your favorite? Well, 'cause we do a different place each time. Is that because

Jessi: it's independent? No. Like America Independence, you had to coordinate.

James: I did not put that together, but yes,

Jessi: that.

James: Okay.

Jessi: Why did you choose American Dream?

James: I don't. Well, because I actually wanna go to the breadboard.

Jessi: Yeah. That place is great. I know. They're the ones that have the Apple honey. Yes. Whatever. Pizza. So what we've decided is

James: we're doing that one when we close on this property because it's near independence. Okay.

So we're like, okay, that makes sense.

Jessi: Can I tag along on that one? Yes.

James: Please take me. That was pretty good. So I was like, like, but so I had like, we gotta counterbalance it with my least favorite pizza. 'Cause again, we try to do a different one each time.

Speaker 3: Yeah. So

James: I know, I know. So we're doing the dream.

For those of you who don't know, it's a lot of crust. Very yeasty. And they like non-traditional toppings. Yeah. And I'm a very traditional round table kind of guy.

Jessi: Yeah. Which I'm like, I'll eat any pizza that's in front of me as long as there's like sauce to dip the extra crust in. I'm good.

James: Yeah. Which they don't provide.

You gotta order it. But yeah. See that's annoying to me. Yeah. It is annoying. I should, I should try that 'cause we're gonna, I think we're gonna lunch tomorrow to celebrate. Mm. Yeah. Which is super fun. So. It's a fun little tradition. It's fun. We also we rate our pizzas just like it's a guy Dave pour port something.

I don't know his name, but you know that Just one

Jessi: bite? That Just one bite, yeah, just one bite.

James: So we we're totally in on that. So I downloaded the app for a while. No, that's fantastic. It's kind of fun. F Yeah, so we rate every, all of our pizzas and we haven't, we don't have spreadsheet where we track all of our numbers.

We totally should. The flop

Jessi: and the,

James: but yeah. Yeah. We check the Exactly. All that's awesome. Just totally goofy. Yeah. So anyways, that's what we're doing. Super fun. I'm looking forward to it. We do have other deals coming up where we actually are gonna be looking for investors to partner with us. And so if a deal like this, or even bigger ones I'm not allowed to talk about the podcast for SEC reasons sound interesting to you.

I would love to connect with you, learn more about who you are so we can talk more about investing together. And so you can learn more about us at Furlo.com. And yeah, love to connect and learn your story. And hopefully we'll do a deal. It'd be awesome. So thanks for listening and have a great day.