The Titanium Vault hosted by RJ Bates III

Seller Goes OFF On Jerry's Offer | Can RJ Save The Deal?

RJ Bates III and Jerry Norton Episode 912

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An Unfiltered Seller Cold Open

SPEAKER_00

That's still too high.

SPEAKER_01

Well, we can still that guy was a character.

SPEAKER_00

Hi James, this is Jerry. I'm calling you about your house on Cutler Street.

SPEAKER_04

Oh yeah.

SPEAKER_00

Yeah, I understand you're looking to sell that. Is that right?

SPEAKER_04

Yeah, I'm thinking about it.

SPEAKER_00

You thinking about it?

SPEAKER_04

Yeah.

SPEAKER_00

What what would make you want to sell it?

SPEAKER_05

I want to get the fuck out of here.

SPEAKER_00

Why is that?

SPEAKER_05

Because there's too many hypocrites and backstabbing a bunch of southern bitches that live here.

SPEAKER_00

Is that is that your name?

unknown

What?

SPEAKER_00

Where are you gonna go?

SPEAKER_04

Uh somewhere down in there.

SPEAKER_00

Yeah. Well, let's let's see if we can help you out. What do you want for this property?

SPEAKER_04

Uh I think 160 for it.

SPEAKER_00

I bet you would. That's that's like the retail value.

SPEAKER_04

Well, what do you want you for the seller, bitch? Forty dollars?

SPEAKER_00

More than more than steal shit. More than $40. But you gotta give me a deal.

SPEAKER_04

Yeah. Well, how much do you get for it?

SPEAKER_00

Well, 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_04

Well, how much will you give for it? I see it.

SPEAKER_00

I 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_03

I'm not gonna I'm not gonna give it to you.

SPEAKER_00

I 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_00

That's still too high.

SPEAKER_01

Well, we can still that guy was a character.

SPEAKER_00

Oh sounded like Mater from uh from cars.

SPEAKER_02

I 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_02

Hey, it's James there.

unknown

That's me.

SPEAKER_02

Hey James, this is RJ Bates calling about your property down cutler. You uh you still interested in selling that?

SPEAKER_05

I could be.

SPEAKER_02

Awesome. How much are you looking to get for it?

SPEAKER_05

Well, I don't really know. I really thought I'm not gonna give it away, though.

SPEAKER_02

Okay.

SPEAKER_05

Like some of them cheap song bitches got stupid tomorrow.

SPEAKER_02

Say that again?

SPEAKER_05

I 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_02

What are they uh what are they offering you?

SPEAKER_05

112,000.

SPEAKER_02

112?

SPEAKER_05

Yeah.

SPEAKER_02

Fuck that guy.

SPEAKER_05

Yeah, that's where I said.

unknown

I told him don't call me no more.

SPEAKER_02

Uh all right. Well, what's your what's your situation? Why are you looking to sell?

SPEAKER_05

I want to move out of here.

SPEAKER_02

Where do you want to move to?

SPEAKER_05

Uh, 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_02

You know, yeah. Marble Falls is gorgeous.

SPEAKER_05

Yeah, it is. I've been down there.

SPEAKER_02

Yeah, 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_05

Oh, I know it. Yeah. Yeah, that ain't no shit.

SPEAKER_02

So like what's the deal? You need money from this to go buy another property?

SPEAKER_05

Yeah, probably. I'd make a little rolling around though if I would

Mortgage Numbers And Creative Deal

SPEAKER_05

have paid.

SPEAKER_02

Yeah. Do you owe anything on this?

SPEAKER_05

Yeah, about a hundred.

SPEAKER_02

Oh shit.

SPEAKER_05

Yeah, that's what kills me.

SPEAKER_02

Right.

SPEAKER_05

But I don't have to sell it. I can live here for the rest of my life, you know.

SPEAKER_02

How much cash do you actually need to walk away?

SPEAKER_05

Well, 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_03

Uh-huh.

unknown

And boy, that's a that was an efficient sum of a book, huh?

SPEAKER_05

I'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_02

Oh, you got a really good interest rate, don't you?

SPEAKER_05

Yeah, it's pretty good, yeah.

SPEAKER_02

Yeah, 3.1%?

SPEAKER_05

Yeah, something like that. It's not bad.

SPEAKER_02

Hell yeah. What's your monthly payment?

SPEAKER_05

Uh $1,200.

SPEAKER_02

Why is it so much?

SPEAKER_05

Uh well, I don't know. I tried to get it refinanced. I still still think about that.

SPEAKER_02

I thought you took a loan. I thought you took a loan out for $93,000 in 2022. Is that not accurate?

SPEAKER_05

Uh well, I gave $70,000 for it when I bought it. I bought it in $18.

SPEAKER_02

Uh-huh. And then you refinanced, right?

SPEAKER_05

Yeah. 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_02

But you're positive that the monthly payment is $1,200. That includes taxes and insurance?

SPEAKER_05

Sure does. My social security check pays it every month.

SPEAKER_02

Cause 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_05

Oh, 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_02

Right.

SPEAKER_05

But I can rent for twelve hundred a month or better.

SPEAKER_02

Yeah, yeah, yeah. But what I would want to do is is I would want to do owner finance.

SPEAKER_05

So yeah, yeah.

SPEAKER_02

But I so I would just give you cash to just walk away. Is that something that you'd be interested in?

SPEAKER_05

Might be. Might be.

SPEAKER_02

But I need you to tell me how much cash you need.

SPEAKER_05

Well, I don't know how much I'm gonna have to have to ramble around, you know.

SPEAKER_02

How are we gonna figure that out?

SPEAKER_05

I don't know. I just have to start looking around. See what I can find, you know what I mean?

SPEAKER_02

What you need to find land?

SPEAKER_05

Yeah, either that or find me another little place to live, you know.

SPEAKER_02

Well,

Finding The Walk Away Cash

SPEAKER_02

you had this listed earlier this year for 170 and you didn't get that. What were you gonna do if you got the 170?

unknown

Haul ass.

SPEAKER_02

So 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?

unknown

I don't know, I might. I might I might.

SPEAKER_02

The 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_05

Yeah, sure would.

SPEAKER_02

Okay, 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_02

bought it. Did they anybody make you any offers?

SPEAKER_05

That 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_02

Well that's fellow's advertising son of a bitch, I'll tell you that. How long did he have it listed?

SPEAKER_05

About 90 days or better. He never made me a cash offer like he says he does, you know.

SPEAKER_02

That was Mark Spain?

SPEAKER_05

Yeah.

SPEAKER_02

Man, you should have known just by looking at his face on the billboard.

unknown

Well, yeah, I know.

SPEAKER_02

That that dude, when I look at him, I'm like, guaranteed, he has slept with 15 other dudes' wives.

SPEAKER_05

Oh, I'm sure he is.

SPEAKER_02

Guaranteed.

SPEAKER_05

I'll be catching a fucking syphilis.

SPEAKER_02

Me too. The clap. Like give it to him. Some big you know he's got billboards all over the fucking United States.

SPEAKER_05

Oh, I see them everywhere. I drive a shop for a living. I say the motherfuckers everywhere, dude.

SPEAKER_02

Yep. Every time you see him now, just think to yourself, guaranteed he has to put cream on his dick every morning.

SPEAKER_05

Oh, I wouldn't have to dick it.

SPEAKER_02

Guaranteed. He ain't got one. That's right. He ain't got a dick. That's exactly it.

SPEAKER_05

That stomach has to squat the penis. So man.

SPEAKER_02

Hey, listen, James. You're my favorite person I've talked to today.

SPEAKER_05

Well, then I guess I might somebody tell you that.

SPEAKER_02

Yeah, 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?

unknown

No, they never did.

SPEAKER_02

Okay. 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_05

Well, I can't tell you until I go snooping around a little bit and see what I can find down south.

SPEAKER_02

All right. How much time do you need to do that?

SPEAKER_05

I 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_02

Listen, 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_05

I wouldn't move to Colorado if you give me land. That's a miserable son of a bitch. I hate that fucking Colorado.

SPEAKER_02

Is it because of the allergies or because of the politicians?

SPEAKER_05

Politicians and weather.

SPEAKER_02

Yeah. That makes sense. I probably should have known better. I mean, I am staring at the front of your house.

SPEAKER_05

Yeah, that's a bunch of radical son of a bitches there, boys. I'm telling you.

SPEAKER_02

Yeah. How do you feel about California?

SPEAKER_05

California's beautiful. I used to go out there every week.

SPEAKER_02

Holy 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_05

Well, that Well, I I'm not done yet.

SPEAKER_02

Oh, yeah.

SPEAKER_05

It'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_02

Exactly.

SPEAKER_05

That's a fucking third that was hashed out of Joe Biden's asshole. And live.

SPEAKER_02

Imagine if Mark Spain and and Gavin Newsom made a baby together.

SPEAKER_05

Oh my god. Well, I'll tell you what it'd be. It'd be the baby died and the afterbirth lived.

unknown

That's what that would be.

SPEAKER_02

Okay.

Setting A Follow Up Timeline

SPEAKER_02

I need you to figure out how much money you need to do this. So how long do you need to figure that out?

SPEAKER_05

I don't know. Let me give me about a week or so. Let me make some phone calls.

SPEAKER_02

Okay. Well, let's do that, and uh, I'll I'll call you here probably next Friday. Okay.

SPEAKER_05

Yeah, give me a little while so I can share down. Let me see what I can find.

SPEAKER_02

All right, James. I appreciate you.

SPEAKER_05

All right, my man.

SPEAKER_00

All right, bye-bye. I'm calling James. I can do better than that.

SPEAKER_02

You gonna get hung up on again?