All right, welcome back. So these are going to be fun because these are real life examples, and I can show you exactly how I put some of those 13 extra ways to make money to use. And I think, and I hope it'll bring everything together for you. Um, so, okay. Without any further delay, let's look at this next slide. Okay. So here's an example, two 20 south west 18th street, Pompano beach. And this is what it looked like on the way in. So my all-in purchase price was 70,000 and change. My after repair value was 135,000. I purchased this anti tax deed sale. The sale was held on April 13th, 2016. I know it was long time ago, but this is one I had pictures of. And this is a story, Ms. Shirley, she was my best and my greatest adversary as the occupant man, she, she ran circles around me and I liked to hail her whenever I do this training because man, she kicked a dog do out of me. So with regard to, um, getting possession, I self-initiated an eviction lawsuit for two 50. And the steps I took to clear title says here, clear to sell, but it wasn't. It was a, I think it was a lawsuit, but, well, listen, you gotta, you gotta follow your instruments. I may have, I may, I may, I did, um, clear to sell. Let's see in the next slide. Okay. So here's a picture of the front. If you can believe it. This is a picture of the front of the house. Look pretty rough to me. I mean, I bought it. I wasn't afraid of the junk and the house looks relatively decent. The roof. I can't really tell too much from the roof in the photo, but I don't remember being too afraid of it, especially at the what the 15 grand my number was, this is a closeup of the stuff in the backyard. Now the problem I really got here is that if you see a front yard and a backyard like this, People usually keep their houses the same way on the inside as they keep it on the outside. So you can't tell me that someone that keeps their yard like this, that their house is going to be all straight. So Hey, listen. That's what it is. All right. So let's go. The next slide. I'm just leaving these up here so you guys can appreciate that direct. That was there. Okay. Here's the side yard. And she had dog cages and dog cages usually mean dogs and dogs. Does it mean fleas and dogs also means poop everywhere. Dog also means dog smelling the carpet. So dogs are not good for me as an investor, Then a good for you either. So go ahead and move on to the next one. And here's the other side. Here's a wrecked car looking at big cars, man. That car was a 1980 something. Look at how wide that thing was. Anyways, here's a big screen TV. Here's a sink. Can I think that maybe the inside sink was fixed and here's the old one I could, but I'm not stupid. And this is the other side yard. This must be where they eat because it's the cleanest least they can have some chairs there. Um, but listen, I have, I don't really have any high hopes for the inside of this house, but here is it at the end of the day, this is the front. As you can tell, he had to put a brand new roof on that sucker. Cause it was single going in. Here's the backyard. Why did I put a, uh, a, a tar roof on that house? I don't remember, but the tar roof don't belong in that house. So here's the backyard. Here's the bathroom after it's all rehabbed. Nice and pretty same with the inside. Nice and pretty. Here's my new kitchen. It looks nice. Typical home Depot lights, right? So she's looking pretty fake word floors in the master. Pretty nice. Look at that yard, new fence and everything. All right, let's see what it costs me. Okay. Here's on the way out. So there were city and municipal liens that claimed the entire surplus. There was a $41,000 surplus. And man, did I have my eye on that, but carrying it and the rehab cost me 71,000. Where's the pen? Uh, I don't even know there it is. So it costs me 71,000 to carry and rehab. Well, you could tell that was a big rehab cause it a roof. Uh, I sold it for 2 0 5, even though it appraised for one 90, that was kind of fun. I think the buyer came in with some extra cash, so my total cost to buy it. And my carry was 1 41 in change and I made a reasonable profit of almost 50 grand. It took me a long time to do it. And Ms. Shirley, she was tough. She made me promises. She broke my heart several times, but listen, she was a homeowner in distress. So that's the way it looked in the way I still made 50 grand. It was a good day. Let's go to the next day. Okay. So here's a recap. I was offered $90,000. Somebody wanted to offer me 90,000, but I had obstacles. I had no, I couldn't give him title. I couldn't get possession. I started the rehab before occupancy because the municipal fines were going up every day, every day, every day. So Ms. Shirley was kind enough to let us go in and start doing the rehab for the items that were being affected by the municipal fines. And that was the, that was mostly the garbage and the fence. So evidently I must have known that the liens were going to outstrip the surplus amount. So I went ahead with clear to title it cleared up, uh, clear to sell because it got me a quicker result. Unfortunately there's no surplus available, but I still had a nice day, $48,000 profit on that thing. And my contractor made a lot of money on it also, didn't they? Okay. So here's my next real life example. And I love that that point. I'm looking at face. Okay. Next one is 33 48 north weighed 17 court on the way in my purchase price was 53,000. Should I use the pen? I think I like using the pen. My purchase price on the way in is 58,000 after sale number was 21, 25. So my guess is I was looking at about less than 50% is what I wanted to pay for this thing. It looks like less than 60% almost. It's a tax deed sale where I bought it. I bought it in May, 2016 and I took steps to quiet title by filing a lawsuit. And you're going to see why in just a second. Eh, she is look at that 1980s Cadillac or something, man. So this here's the beauty little dark Little beauty. Now I also suspect that I had a small roof leak that had to be addressed. And there it is to skylight, I guess, rotten wood, you name it, something's wrong with it. And here's that kitchen look at that baby. Cause that leak, that leak is right here. Here's the leak right there. And it's every time it rained, everything came down and it made everything worse. So that was nasty. That's terrible. But listen, what do you expect? You're going to get at a tax deed sale. You're not going to get a princess. You're going to get a toad. Okay. So let's see the next one. This is more of that ceiling. So I think I need a roof on this house. What do you think? I can't even tell what room this is. That's either a window or an AC. I don't know. And see, here's all kinds of black mold in there and I was terrible. Had to remunerate all that. Okay. So I guess this looks to me to be, uh, when the contractor had already cleaned out all this stuff, because those are studs and they're old time studs too. You can tell they're pressure treated and those are solid pieces of wood. And this be, like I said, when the contractor's inputs up, sell some stuff up because I may or may not either have the time or I could walk in that room before when they started doing the work. Yeah. This is clearly on the way with the rehab being finished. Cause it's nice and clean. Now this is one of the bedrooms. That's still a before picture. And this is after now this picture doesn't do a lot of justice to the house, but it's a good, it's a, it's a nice look in front and it was, didn't have the curb appeal that I would have liked because I don't want to spend money on any shrubs, but here's that old bedroom with the windows that we saw. Here's the beautiful floor. And one of the bedrooms, probably the master look at that kitchen. Huh? Now we're talking all home Depot stuff and here we got, let's talk numbers now. So I've got rehab and carrying costs are 63 grand. So mind you that carrying cost and cruise my monthly payment on my, um, on my end number, I think I paid 50 something, 53. So I had to pay interest on that during the month. I don't pay at the end of the deal. I have to pay monthly. So this can, this is some of my interest, but at the bulk of it is summers to rehab. Uh, and unfortunately, you know what, when you pay rehab money, you gotta pay it out of your pocket. Right now, the contractor has to pay his boys. So in any event, I wasn't real happy about that, but it was okay. Uh, sold it for one 60 for my total cost. And Carrie was one 17 and I made less money on this deal than I made with Ms. Shirley, but there's more sit tight. It gets good or better. Anyways, here's a recap. The surplus was 34,600 city of Lauderhill claimed 8,000 of it. And I worked with the city assistant attorney, uh, attorney assistant attorney, um, what's her name? Angel petty, a good friend of mine. And that left 26,000. I split it with the owner 50 50. So we made the owner made 13,000. I made 13 grand. So the profit on the sale was 46,000, but I added on another 13,000 from the profit on my surplus to total 59th, almost 16 grand. And it worked just like I told you, I filed the quiet title lawsuit with a lawyer. He includes a clause or, or what do they call those account in the complaint? And I don't really clear my title, but to allow the court to make a determination on who's entitled to the surplus, the mortgagee defaulted and Yahoo, when that order was entered, I was walking on air. I was nine feet ground, cause I just made an extra 13 grand just because I structured my quiet title lawsuit properly. So I hope you learned something from this and I hope I can help each and every one of you when it comes time to fashion your quiet title lawsuits. Because like I said, if you purchase this in premium package, you're getting coached and we're going to be talking and I'm going to make you such a great tax deed investor that nobody's going to recognize you. You're going to move right to the top of your sphere of influence. People will be coming to you to answer questions. And just like the guy in Fiddler on the roof says, listen, if you have money, people don't even care whether you know or not, they just know that you have money. So in any event, I think that's it for the training. I have a couple of videos at the end where I say goodbye formerly. But um, I hope to see on another training. I hope you appreciate this and I hope you apply what you learned anyways. This is Alfred Einstein signing off. I'll see you again some other time. Thank you again.
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