The Titanium Vault hosted by RJ Bates III
RJ Bates III, affectionately referred to as the Viking Wizard by his students, started his real estate investing career in 2014 after attending a real estate education program that put him $65,000 in debt. RJ contracted his first deal he found on the MLS and wholesaled it for a $7,500 assignment fee. That was the end of his former life and the beginning of his venture into becoming a real estate investor. Since that moment, RJ has become an influential figurehead in the real estate investing industry. He has successfully purchased and sold over 2,000 properties all across the USA including wholesale deals, rehabs, rentals, owner finances and short term rentals. One of his passions is being the host of The Titanium Vault Podcast where he interviews the top real estate investors. He has won back to back Closers Olympics earning him the reputation as the King Closer! Finally, RJ and Cassi DeHaas, his partner, have started their education platform called Titanium University.
The Titanium Vault hosted by RJ Bates III
Seller Goes OFF On Jerry's Offer | Can RJ Save The Deal?
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If you’re new to my channel my name is RJ Bates III. Myself and my partner Cassi DeHaas are the founders of Titanium Investments.
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Over 10 years in the real estate investing business
Closed deals in all 50 states
Owned rentals in 12 states
Flipped houses in 11 states
Closed on over 2,000 properties
125 contracts in 50 days (all live on YouTube)
Back to back Closers Olympics Champion
Trained thousands of wholesalers to close more deals
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An Unfiltered Seller Cold Open
SPEAKER_00That's still too high.
SPEAKER_01Well, we can still that guy was a character.
SPEAKER_00Hi James, this is Jerry. I'm calling you about your house on Cutler Street.
SPEAKER_04Oh yeah.
SPEAKER_00Yeah, I understand you're looking to sell that. Is that right?
SPEAKER_04Yeah, I'm thinking about it.
SPEAKER_00You thinking about it?
SPEAKER_04Yeah.
SPEAKER_00What what would make you want to sell it?
SPEAKER_05I want to get the fuck out of here.
SPEAKER_00Why is that?
SPEAKER_05Because there's too many hypocrites and backstabbing a bunch of southern bitches that live here.
SPEAKER_00Is that is that your name?
unknownWhat?
SPEAKER_00Where are you gonna go?
SPEAKER_04Uh somewhere down in there.
SPEAKER_00Yeah. Well, let's let's see if we can help you out. What do you want for this property?
SPEAKER_04Uh I think 160 for it.
SPEAKER_00I bet you would. That's that's like the retail value.
SPEAKER_04Well, what do you want you for the seller, bitch? Forty dollars?
SPEAKER_00More than more than steal shit. More than $40. But you gotta give me a deal.
SPEAKER_04Yeah. Well, how much do you get for it?
SPEAKER_00Well, see, I gotta buy it. I gotta buy it from you, fix it up, and resell it and make money, so I I can't I can't pay market value, right?
SPEAKER_04Well, how much will you give for it? I see it.
SPEAKER_00I don't know. I gotta look at it. What's uh if I'm if I'm you tell me this, if I'm all cash, close quickly, as is, you don't have to do anything, you can walk away with cash in your pocket. What would you pay for an offer like that? What would you take?
SPEAKER_03I'm not gonna I'm not gonna give it to you.
SPEAKER_00I know I'm not expecting that, but what's the next what's the next notch up from give it to me?
Should We Call Him Back
SPEAKER_00That's still too high.
SPEAKER_01Well, we can still that guy was a character.
SPEAKER_00Oh sounded like Mater from uh from cars.
SPEAKER_02I think what would make this video fantastic is RJ and that guy on the phone together. Call him back. I I feel like this is worthy of happening.
RJ Reconnects And Builds Rapport
SPEAKER_02Hey, it's James there.
unknownThat's me.
SPEAKER_02Hey James, this is RJ Bates calling about your property down cutler. You uh you still interested in selling that?
SPEAKER_05I could be.
SPEAKER_02Awesome. How much are you looking to get for it?
SPEAKER_05Well, I don't really know. I really thought I'm not gonna give it away, though.
SPEAKER_02Okay.
SPEAKER_05Like some of them cheap song bitches got stupid tomorrow.
SPEAKER_02Say that again?
SPEAKER_05I said, I'm not gonna give it away like some of them cheap ass pastors that's been calling me, wanting to want me to give it to them, but I ain't gonna do that.
SPEAKER_02What are they uh what are they offering you?
SPEAKER_05112,000.
SPEAKER_02112?
SPEAKER_05Yeah.
SPEAKER_02Fuck that guy.
SPEAKER_05Yeah, that's where I said.
unknownI told him don't call me no more.
SPEAKER_02Uh all right. Well, what's your what's your situation? Why are you looking to sell?
SPEAKER_05I want to move out of here.
SPEAKER_02Where do you want to move to?
SPEAKER_05Uh, whether I'm down south, Texas, down around Marble Falls or somewhere down in there, Gonzales, I don't care. Or maybe I'd like to move to Florida, but it'd take me a while to get ready where I could do that.
SPEAKER_02You know, yeah. Marble Falls is gorgeous.
SPEAKER_05Yeah, it is. I've been down there.
SPEAKER_02Yeah, I love Marble Falls. It's like you drive to I live in Fort Worth, so when I drive to San Antonio, it's like I get to Marble Falls and it's gorgeous, and then you just keep driving, and then you get to San Antonio and you regret that you kept driving.
SPEAKER_05Oh, I know it. Yeah. Yeah, that ain't no shit.
SPEAKER_02So like what's the deal? You need money from this to go buy another property?
SPEAKER_05Yeah, probably. I'd make a little rolling around though if I would
Mortgage Numbers And Creative Deal
SPEAKER_05have paid.
SPEAKER_02Yeah. Do you owe anything on this?
SPEAKER_05Yeah, about a hundred.
SPEAKER_02Oh shit.
SPEAKER_05Yeah, that's what kills me.
SPEAKER_02Right.
SPEAKER_05But I don't have to sell it. I can live here for the rest of my life, you know.
SPEAKER_02How much cash do you actually need to walk away?
SPEAKER_05Well, I don't know. I'm I'd have to do some snooping around to see what I could get somewhere else, you know. What I'd like to do is uh go down there and buy me just a good little spot of land, and I go back because I bought one of the new uh uh double eyed palm harbors one time.
SPEAKER_03Uh-huh.
unknownAnd boy, that's a that was an efficient sum of a book, huh?
SPEAKER_05I'd like to uh hit that spot of land, I'd buy me another one of them or something, you know what I mean?
SPEAKER_02Oh, you got a really good interest rate, don't you?
SPEAKER_05Yeah, it's pretty good, yeah.
SPEAKER_02Yeah, 3.1%?
SPEAKER_05Yeah, something like that. It's not bad.
SPEAKER_02Hell yeah. What's your monthly payment?
SPEAKER_05Uh $1,200.
SPEAKER_02Why is it so much?
SPEAKER_05Uh well, I don't know. I tried to get it refinanced. I still still think about that.
SPEAKER_02I thought you took a loan. I thought you took a loan out for $93,000 in 2022. Is that not accurate?
SPEAKER_05Uh well, I gave $70,000 for it when I bought it. I bought it in $18.
SPEAKER_02Uh-huh. And then you refinanced, right?
SPEAKER_05Yeah. Yeah. But I didn't get uh I didn't take nothing like that. I don't even have much. I I got a little bit to do some work around here on it. But I can't remember how much I refinance it for.
SPEAKER_02But you're positive that the monthly payment is $1,200. That includes taxes and insurance?
SPEAKER_05Sure does. My social security check pays it every month.
SPEAKER_02Cause what I was thinking is, is like I could probably give you if you would let me take over the mortgage, I could just give you cash to walk away and let you move on. And what I would do is I would just start making the monthly payments on it and put somebody in there as a tenant and just keep it as a rental property.
SPEAKER_05Oh, I can rent it, right? This this old bitch that lives across the street from me. Uh she's got a little old Mickey Mouse realtor company. Uh she told me she said I could put up a rent sign in that yard today, and she said tomorrow that I'd have a hundred phone calls.
SPEAKER_02Right.
SPEAKER_05But I can rent for twelve hundred a month or better.
SPEAKER_02Yeah, yeah, yeah. But what I would want to do is is I would want to do owner finance.
SPEAKER_05So yeah, yeah.
SPEAKER_02But I so I would just give you cash to just walk away. Is that something that you'd be interested in?
SPEAKER_05Might be. Might be.
SPEAKER_02But I need you to tell me how much cash you need.
SPEAKER_05Well, I don't know how much I'm gonna have to have to ramble around, you know.
SPEAKER_02How are we gonna figure that out?
SPEAKER_05I don't know. I just have to start looking around. See what I can find, you know what I mean?
SPEAKER_02What you need to find land?
SPEAKER_05Yeah, either that or find me another little place to live, you know.
SPEAKER_02Well,
Finding The Walk Away Cash
SPEAKER_02you had this listed earlier this year for 170 and you didn't get that. What were you gonna do if you got the 170?
unknownHaul ass.
SPEAKER_02So you would have had you would have had like 55,000 in your proper in your pocket. So 55,000 gets you to haul ass level. Well, we ain't getting to haul ass level. So what's what's right below that? Well, I ain't really sat down and really give it much thought because of uh what's let's think about it together. 45,000. You haul an ass?
unknownI don't know, I might. I might I might.
SPEAKER_02The the barometer changed very quickly. We went from 55, you were out of there. 45, you're like, I don't know. What about 10? What 10,000? What happens if I give you 10,000? You hang up on me, right?
SPEAKER_05Yeah, sure would.
SPEAKER_02Okay, so 45,000, we're thinking about it. 10, you're saying, fuck off, RJ. I'm never talking to you again. We're we're now or this is how we're thinking about it. Because honestly, if I were to do like 20 to you, I might be able to get that back from somebody that comes in and does seller finance. More than that, it's probably coming out of my pocket. We're getting upwards of that $30,000, $35,000 range. I hear you. So it just really depends on like. I mean, what was the feedback when you had it listed at $170? Nobody
Billboards, Agents, And Politics
SPEAKER_02bought it. Did they anybody make you any offers?
SPEAKER_05That fucking Mark Spain's a piece of shit. He's a lying motherfucker to bitch. That son of a bitch. I never got nobody to look at it, and he never offered me 10 cents.
SPEAKER_02Well that's fellow's advertising son of a bitch, I'll tell you that. How long did he have it listed?
SPEAKER_05About 90 days or better. He never made me a cash offer like he says he does, you know.
SPEAKER_02That was Mark Spain?
SPEAKER_05Yeah.
SPEAKER_02Man, you should have known just by looking at his face on the billboard.
unknownWell, yeah, I know.
SPEAKER_02That that dude, when I look at him, I'm like, guaranteed, he has slept with 15 other dudes' wives.
SPEAKER_05Oh, I'm sure he is.
SPEAKER_02Guaranteed.
SPEAKER_05I'll be catching a fucking syphilis.
SPEAKER_02Me too. The clap. Like give it to him. Some big you know he's got billboards all over the fucking United States.
SPEAKER_05Oh, I see them everywhere. I drive a shop for a living. I say the motherfuckers everywhere, dude.
SPEAKER_02Yep. Every time you see him now, just think to yourself, guaranteed he has to put cream on his dick every morning.
SPEAKER_05Oh, I wouldn't have to dick it.
SPEAKER_02Guaranteed. He ain't got one. That's right. He ain't got a dick. That's exactly it.
SPEAKER_05That stomach has to squat the penis. So man.
SPEAKER_02Hey, listen, James. You're my favorite person I've talked to today.
SPEAKER_05Well, then I guess I might somebody tell you that.
SPEAKER_02Yeah, you did. Uh so listen, here's the thing. I I do need you to figure out how much money you need to walk away from this. Because if it was listed for 170, I will tell you this. They did, if there was an offer that was presented, that was made, they had to present that to you. So if they didn't do that, then that means you didn't get any offers. So did they did they ever present an offer to you?
unknownNo, they never did.
SPEAKER_02Okay. So we know we're not getting that number or close to that number. That's my question to you is what number makes this acceptable to you to walk away from?
SPEAKER_05Well, I can't tell you until I go snooping around a little bit and see what I can find down south.
SPEAKER_02All right. How much time do you need to do that?
SPEAKER_05I I called a realtor the other day asked if he could look, see if he could find me a good little spot of land over there somewhere, you know. And uh I had two acres over at Balver, West of Sayre, when I bought that place over there. God damn, I wish I kept that land boy.
SPEAKER_02Listen, I got land. I mean, if you if you really don't have anywhere to go, I got land in Colorado that you could go stay on. I got land in North Carolina you could go stay on.
SPEAKER_05I wouldn't move to Colorado if you give me land. That's a miserable son of a bitch. I hate that fucking Colorado.
SPEAKER_02Is it because of the allergies or because of the politicians?
SPEAKER_05Politicians and weather.
SPEAKER_02Yeah. That makes sense. I probably should have known better. I mean, I am staring at the front of your house.
SPEAKER_05Yeah, that's a bunch of radical son of a bitches there, boys. I'm telling you.
SPEAKER_02Yeah. How do you feel about California?
SPEAKER_05California's beautiful. I used to go out there every week.
SPEAKER_02Holy shit. Of all the things that I didn't think you were gonna not get upset about, you didn't get upset about California.
SPEAKER_05Well, that Well, I I'm not done yet.
SPEAKER_02Oh, yeah.
SPEAKER_05It's a beautiful place. I was out there every week for 14 years. Every week. I all frozen made to California and produced back to Dallas, Fort Worth, Savit and Austin. But most of the time had to come back to Dallas. I was out there every week. I've been all over that fucking place from the northern end to the southern end. It's beautiful. But I couldn't afford to live in that high dollar soluble place. Besides that, Newsom's are fucking government.
SPEAKER_02Exactly.
SPEAKER_05That's a fucking third that was hashed out of Joe Biden's asshole. And live.
SPEAKER_02Imagine if Mark Spain and and Gavin Newsom made a baby together.
SPEAKER_05Oh my god. Well, I'll tell you what it'd be. It'd be the baby died and the afterbirth lived.
unknownThat's what that would be.
SPEAKER_02Okay.
Setting A Follow Up Timeline
SPEAKER_02I need you to figure out how much money you need to do this. So how long do you need to figure that out?
SPEAKER_05I don't know. Let me give me about a week or so. Let me make some phone calls.
SPEAKER_02Okay. Well, let's do that, and uh, I'll I'll call you here probably next Friday. Okay.
SPEAKER_05Yeah, give me a little while so I can share down. Let me see what I can find.
SPEAKER_02All right, James. I appreciate you.
SPEAKER_05All right, my man.
SPEAKER_00All right, bye-bye. I'm calling James. I can do better than that.
SPEAKER_02You gonna get hung up on again?