These two 24-year-old friends are up to big things. They’ve jumped into the real estate market at an age when most people wouldn’t dare. And wait until you hear their story … they had a real life angel guiding them, navigated several curve balls with different properties, had potential tenants knocking on the neighbours doors looking for information and managed to get a lease signed on their very first investment property. These two guys are super impressive, they’re always learning, reading and sharing lessons back and forth between each other and doing all the work it takes to be successful in this business. We’re always excited when people in their 20’s get started with investing because of the amount of time they have on their side. Enjoy this episode of The Your Life! Your Terms! Show with Anthony Molinaro and Adrian Omasta.
Hey, it’s Tom Karadza. And this is another episode of The your life your term show. And listen, I’m pretty excited about sharing this. This is Anthony Molinaro. He actually works with us here at Rockstar. He’s part of the membership team. He works with Rockstar inner circle members all the time. Absolutely great guy. And him and his buddy from high school. Adrian, let me get the last name right, Adrian Omasta. They got together to buy their first investment property, which is amazing. We believe if you’re going to get any investments, if you can get them when you’re in your 20s you just have so much time that’s going to work to your advantage that you’re like, well on the way to creating a foundational base of wealth for yourself and your family that might change your lives. I think it will change your life. So to get started in your 20s to us is absolutely incredible. But the reason we call this episode adventures in real estate is there’s obviously some challenges that come with real estate that they go on to share, which is really cool to hear some of the things that they go through once they close in their first investment property, just with some different showings and some of the different characters that show up at the property. Wait, do you hear this? It takes us I don’t know. Five or 10 minutes maybe to really get rolling on this episode, but once we do we have a good, a really good time with it. So thank you so much, Anthony. Thank you so much Adrian for sharing your story. This is what Rockstar is all about. We’re trying to help people live life on their terms. And when we all share our own stories, we believe we’re all motivating and helping each other even if we don’t all know each other through this podcast, we’re hearing each other’s stories, and in some way, shape or form. We’re helping each other all as Canadians kind of build our own wealth success story for ourselves. So thank you guys for sharing this. And listen, if you are listening to this, and you like this kind of stuff, you should know that for the next 60 days on Instagram, we are answering a question a day about real estate business lifestyle the whole bit. You can go to rock at Rockstar inner circle that’s at Rockstar inner circle on Instagram and ask ask us a question. I can’t speak ask us a question. ask us a question or get your question answered. We I think same thing. ask us a question. Yes. And we might select your question to answer it. Sorry. am I’m out of it today. But if you go to Instagram we are answering questions for 60 days straight on Instagram at Rockstar inner circle. Let’s leave it at that I’m a mess today on with the show. Are you ready to live life on your terms? Is it time to take charge? Real Estate, business building the economy, health and nutrition and more. It’s the your life your terms show with Tom and Nick.
Are you ready? Let’s go.
Okay, we are live with Anthony mulinaro and Adrian Adrian, I don’t even know your last name. Somehow you got yourself on to this podcast and I don’t even freaking know your last name. What’s your last name? My last name is Oh mosta omasta. Adrian omasta
guess Yes, the national motto. Don’t get
it. Adrian omosta Bulgarian know what is it Polish Gonna Say Polish i thought was too obvious. Yeah, damn on Master, but almost as not a Polish name. That’s right You look Polestar I mean, it’s like Adrian talk about sorry. Yeah, there we go. Yeah. So you’re, you’re both your parents Polish came to Canada as immigrants, correct? Yeah. And same old story. They fly over to take a boat over Do you know?
They’re pretty young still so they flow over they
flew over. Yeah, they’re sophisticated. Yeah.
But my dad actually grew up here for a bit. He moved here when he was like, maybe in grade five. So he does have like some Canadian in him. Okay, cool. My mom’s more like she came here when she was 20. So she was my parents are pretty young, like my dad’s 44 and my mom’s 43. So
yeah, awesome. Yeah, that is cool. Yes. smokes. Yeah.
Super young. So they had you when they were like, 19 2018 1919 Oh, awesome. Well, I don’t know if that was awesome for them or you’re here. Yeah, it’s all right. He’s here. And then an Anthony. We’ve asked you this story before but Since we’ve now decided that Adrian has Polish ancestry, we might as well just get yours out of the way because you’re, you’re half Italian, half Italian,
half Irish. That’s
like a powerful mix, man. That is to me and I don’t even say that lightly, like, Irish ancestry and the Italian ancestry all blended together, man. Yeah, that’s,
that’s crazy. There’s more common things than you would think. But it’s Yeah, very different culture. Different
areas. Yeah. Both very smart both have histories of being very smart in business. So one in different with this in slightly different ways. Yeah. But yeah, very cool. My parents are older so my mom sitting across the hallway from you guys. I don’t know if you guys know that we keep the money in the family in this business. And our father came over on our mom did take a plane over our father came over on a boat, But enough about that. So how did you guys we’re going to talk about the real estate stuff. You guys are both 24 years old. Yeah. How did you how did you meet
grade nine science class,
grade nine science one like what was somebody one of you guys got out 99 on the on the test and the other one got a nice And you said I’m going to get you next time was that what it was? You guys were just competing for top marks now
is way less nerdy than that?
I don’t know. Just buddies. Yeah, just common interest,
sat beside each other and just shot the shit and got along. Yeah,
so and this is in Brampton at you said Notre Dame
yet noted, Maria.
And Adrian just told me I don’t have that. Trust me. I’m okay. I was like, Okay, I’m dragging today. Okay, so then walk me through. Let’s get to the point where you decide, like, how does this journey unfold? You’ve before you got your first real estate property, which just happened, which we’re super pumped about, how does this happen? How do you go from high school? What’s your next step after high school for both of you guys? I don’t know how much you want to share it don’t but could you just map that out for me?
Yeah, I can kind of go back and connect the dots. So graduated high school didn’t really know what I wanted to do. I knew I wanted to get in business on my own business one day. So I got into the sales jobs after high school, started selling credit cards. realize those pretty good good at selling like went to New Finland I was like selling credit cards around like new Finland for 10 days.
What do you mean they flew you to Newfoundland?
Yeah, selling Canadian Tire credit cards. And then they flew me to Newfoundland to sell them like around Canadian tar gas stations. were selling the gas credit cards. So
yeah, so that was that was a full time gig for you.
Yeah, full time. At a high school. Yeah. Awesome. Great experience learned. I like selling and business and I was like, Okay, I need I need to do this. Like I need to start a business.
But how Finland was the untapped market that they decided to
Newfoundland untapped market. We killed it. We crushed it. Apparently new Finland people don’t have Canadian Tire credit car. Yeah.
Yeah, so I realized, yeah, like, I want to start a business. I don’t know what I don’t know how I’ll go to business school and try and figure it out. So I went to University of Guelph Humber ended up majoring Small Business Management and entrepreneurship. My second year of university, I ran out of money I was maxed out on my pay my tuition like, so I started working this job this warehouse job at Pepsi paid like 16 bucks an hour. At the end of the summer they offered a chance to go full time. I didn’t go for it because I was in school full time already University. I’m like, I can’t do both. Like, it’d be great. It was great money was like 20 bucks an hour benefits. Everything was like, I can’t do both. So whatever go part time I go to school, come back Christmas break, they needed to work for the Christmas holidays. And, and they offered me full time again. They’re like if you, you know, there’s we’re hiring full time. I’m like, okay, but I’m in school, like, but as I was there full time over Christmas, I was doing exams full time and I was like, Okay, I can juggle this. Like I did my final exams while working full time. I could do this all year, like at least could try. So I was like, let me try it out. So one for full time, got in for full time had to convince them that I could do it because they’re like, no, you’re in school. So then eventually, yeah, they let me on. started working there full time and then I saw my parents got the Toronto Star delivered. So I saw a personal Finance, journalist, whatever he would you’d writing questions, you’d email him a question he answered in the star. So I’m like, okay, that’s free personal finance advice. Like I was making good money. I didn’t want to blow it.
So guys freak me out and those columns, but anyway, go ahead.
So yeah, we’ll get to that because that’s how it all started. So uh, so yeah, email this guy my question. And I’m like, Hey, I’m making about 56 K a year. I’m in university full time, I want to buy my first place right out of school. Like, I don’t want to blow the money. So then I forgot about this. You submitted the questions. Yeah. And this is it’s kind of wraps around, but so it goes out into this guy. So yeah, the guy gets it. He gives me a call. He’s like, Oh, hey, this is kind of a cool story. You’re doing both things full time. Like, let me write an article about you. I’m like, Okay, cool. Whatever. Like, do I get the advice? He’s like, yeah, I’m gonna give you advice. I’m like, okay, so he writes the article they send like photographer over to my house. It’s just the weirdest thing. I’m like, I just wanted some free advice. So the editor and of the struggle star ends up liking it so much, they put it on the front page. So then totally forgot
about this. Man,
so then, like all this, like commotion happened after that, like friends and family saw it as a little crazy like having that 15 minutes. But then a week after the article comes out, I get a package in the mail. It’s Rich Dad, Poor Dad, somebody had mailed me the book, I have no idea how she got my address, like no idea whatsoever. So I open up the book, whatever. It’s got a message. Hey, I didn’t like the advice the Toronto Star gave you. It was just generic advice like, hey, invest in index funds.
Yeah, the classic stuff classic,
which I mean, if you want to be hands off and invest in the stock market, sure. Invest in index funds. Like,
I haven’t met anybody that’s going anywhere investing in index funds. I just want to be real man, I really haven’t met a single person. I’ve been down that path like, anyway, stock market has gone up for the last 10 years. So who am I to say, but anyway, go on. So yeah, I’m so happy this anonymous we should do some reverse KGB analysis and figure out who, who sent you this to that book?
Oh, no, I know. Okay. So so it has business card and it’s like Tucker Finn, singer songwriter. I’m like, What the heck is this? So I read this book. And Rich Dad, Poor Dad is a great book. Like, it’s a bit like your mind. It blows
your mind. It’s
honestly been life changing for me. I gave it to my girlfriend. She’s like, for me, I’m like, this was a life changing, like, how can you not
be? I’m in the wrong quadrant?
Yeah, I’m like, I have no assets. I’m not gonna get rich. So
yeah, so I read the book. And then I reach out on my cape. Thanks for sending this like, kind of random, whatever. And she’s like, yeah, and she kind of starts talking to me. She’s like, I’m into real estate bubble blah. Like, this woman sounds really interesting. Like, can I take you for coffee or something? She’s like, Yeah, absolutely. So I go to like North Toronto, take her out for a coffee. And she just breaks down her whole real estate portfolio. And I know nothing about real estate. Nothing about investing. And she showed me how she went from one property to now eight properties so
kind of her just
woman is all generous. This woman was the most generous like she just how many? How old? Was she? Uh, she’s 50. She was 56 Emily passed away last year. Oh, no way. Yeah. But she totally changed my life like amazing woman, just like put me on this pathway that I’m on now. So yeah, so whenever I met her, I really liked the whole real estate aspect. And, and she kind of became a mentor to me. So I’d be texting her. Like every week we’d be texting, you know, asking her questions, you know, like, what’s a refinance? Like? What, like, how do you pull money out? And then what? Like, all these things about real estate, no idea like it blew my mind. And I was like, I love this. I’ve always wanted to be in business. When I
hear you ask that. Sorry, I want you to keep going. When I hear you say like, what is a refinance? Sometimes I have to pull myself back because I always think that’s such like, because so many people ask us that like, Yeah, can you take your existing property and get money out of it? And I always take that for granted because then they can I have been doing that for like so long, that when you tell people yeah, you can do something called a refinance and pull the money out of the property if it’s gone up in value, or if you pay down debt and use that money for something else. And I just see people’s mind blown like Gosh, and I’m looking around like, Oh my gosh, like I take so much for granted at this point. I don’t realize it that’s like, not common knowledge. Oh, no. Free to continue with the story.
Yeah so um she became a mentor to me and I end up graduating school I stayed at Pepsi I slugged it out for like two years and just working full time and stuff. Graduated. And then I was miserable. I hated Pepsi. Hated where I was in the warehouse. Did you still drink it? No, but my dad did. And so he’d be buying Pepsi one time I because I got Adrian a full time job at Pepsi shortly after and Adrian, a little also at the University of Guelph Humber. He did the exact same thing I did. He was he was in school full time. Pepsi full time. Okay,
so you guys were in high school together. You were in the same program together. It’s just the Humber campus. Right up just north of Woodbine center.
Yes. Oh, yeah.
Yeah, got it. So yeah, we both started doing it. And then I start getting Adrian into real estate to wait a second. You hated working in the Pepsi job. So you you get your best friend, a job. The place you hate it. Yeah, he’s, like, just want to get that. Oh yeah, this sucks. But listen, why don’t you come here? You’re still there, right? Yeah.
Yes, Dana does suck.
That’s terrible. But it’s short term pain hopefully for long, totally.
You know what I was just I was just explaining to Anthony something. And we’ll get back to the timeline here, Anthony. But Anthony, we always kind of, we feel really blessed and grateful that he works here with us. And he does all these little things that are really important to us. Like for example, our training room The next morning after a class always needs a little bit of organization, few chairs tucked in glass boards, white, nothing major, but a little things but can easily just be dismissed as not important. He always does these little things that are super important. And yeah, and it’s a big deal, Nick and I both notice that kind of stuff. And he made a comment to me, there’s gonna be all kinds of noise in the background guys, because we’ve asked these guys who are installing our doors here. So we’re still under construction in this new office to just go ahead and get it done because we don’t want it we don’t want them to leave without it being done. But the we internet were chatting. And you were saying that compared to what you did before, and this is why Pepsi so great and serving you so much. Is that like what you’re doing now isn’t a big deal. And I have that same context because I used to work construction for my father is basically slave labor. I shouldn’t say that. He did. He did. He did pay us but he gave us some of the nastiest jobs like I was picking up boxes of urine that people like, you know, oh, yeah, like these papers, boxes that were lined with plastic and people would just kind of like yeah, I mean, I was being I was the one had to clean it up, and I would pick it up and one time I’ll never forget, I bent down to pick it up. And it’s, it’s a cardboard box, right? So it bends when you pick it up, but it was completely full. And this isn’t your look, it’s the middle of the summer. You know what that smell is like when you so I had to squat down you know, get into a squat position that I put my arms around it and I tried to lift it straight up the box would shift. So then it would start spilling on lads, but this starts spilling on Yeah. And then I would go in and have you ever worked in economy. condominium construction site, but I was like 16 floors up and there’s these little garbage, you’d never see the garbage sheets that go down the sides of condominiums. So I would walk over, I’m on the 16th floor to the garbage chute, and I would just put it out like into the garbage chute and I would just let my arms go and then I would just hear all the way down on my shirt and I was just discussed, everything was like rough and horrible. And but that all of those experiences kind of like set this context for me that when someone says things are crap, or it’s hard work, we’re doing what we’re doing now or whatever I always look at like, Are you joking? Like this is this is actually nothing man. This is no problem. You know, if I’m not picking up crap off the floor, this is this is not hard work. So I think Pepsi’s kind of giving you some of that context was Yeah, you were doing kind of repetitive. manual work. Yeah, correct.
Yeah, just slugging cases and, you know, over 40 degree warehouse in the summer. Yeah, just gives you that perspective. Totally this job is amazing. like
totally okay, yeah, that’s very very kind of you to say that but but so so can go on to your Pepsi so we’re so yeah, you’re a Pepsi,
what’s the next move? But let’s like let’s buy a property so I dragged Adrian out to like some, you know, seminars and stuff. I’m like, Yeah, dude like this is, you know, we paid like good money to go to some seminars. We’re buying books from chapters, we’re reading the books got, you know,
awesome both of your reading these books. Yeah,
we were like we both buy them and then just take turns reading like, we get this one when I’m done this, you take this one, and then we just keep to flip and flop and awesome, man. Awesome.
Yeah. So Adrian was all into like, once he understood it, because I had the connection with Tucker, you know, texting her all the time, like she so I was just like, kind of became Adrian’s mentor just passing on the knowledge side mentor did like you say like, if Tucker is a, you know, eight out of 10 then I’m, you know, her teaching me I was like a one at a 10 but Adrian was zero to 10. So works so at work. So it was just that knowledge transfer, and then You know, Adrian became all in. And then it was like, Let’s buy a property. Like, let’s, let’s do it, we wanted to buy our own individual ones, obviously, for credit reasons, you know, financing, you know, future properties instead of both going on title, but just the way our income wise and stuff, and what we could qualify for, in order to get a good investment property. You know, we had to go and joint venture together and build and
there’s nothing wrong with that, man. I know me and Nick and I started the same way. It’s like, hey, how much money do you have and then for a little while, I had a little bit of a different income situation, which was a little higher than the Knicks, he was actually making good money but he was like kind of self employed at that point. So when you’re self employed, you’re not always kind of showing it on paper as much and so then we would leverage my income, but he would put money together so you do whatever you have to keep going right? So there’s nothing wrong with starting together like that at all.
It’s a lot easier I feel to start especially for your first one just to get the JV
totally and and then especially when the fears kind of start you know, you can keep each other in check a little bit because I’m sure one of you freak out. over something and the other ones like, Hey, dude, just settle down and the other one gets out about something. Or it’s just one person is always freaking whatever it is, you know what I mean? But you need that, right? So very cool. So you, you spent some money on some courses, sounds similar to us. We spent a lot of money on courses, money we shouldn’t have been spending. And I just mean, I shouldn’t say that it all worked out, it was just a lot of money. Now that I know, the value isn’t necessarily in the information. Now I know the value is in surrounding yourself with people who are taking action. Like you can get a bit of information about real estate from books. And after you have that little bit of information, just put yourself around people who are already taking action. You don’t need to spend the high amounts of money for some super crazy training. You know, and I say that because I know people who are spending 10s of thousands of dollars and then they’ll come to us and they’ll say I can’t buy a property because like I spent all this money on training, you know, and I now know get a base of knowledge and then just surround yourself like this lady who is kind of coaching you, you find people who are doing stuff you put yourself in the middle of that those people and stuff will just happen. Yeah,
you know, that’s the biggest thing.
Yeah. So okay, so so you decide you want to buy a real estate you’re going to do it together. How does this work? Because then you eventually I guess checked out rock star or something somehow you trickled into our sphere of influence.
Yeah. So while I was at Pepsi was doing a lot of weight lifting, I hurt my shoulder width between the slug in the cases the weight lift, everything got so tight, I ended up like turn like a minor tears on my rotator cuff and stuff. And I just kept slugging it out at Pepsi like, what am I doing? Like, let me just take time off, because they put the fear of God and you did take time off from like, whatever I’m going on short term display, I was just fed up with the job. I’m like, I’m going on short term, which isn’t a big deal. Like I should have my show. I couldn’t do the job, or whatever. So I go on short term. Like a month off on short term, I’m sitting at home I’m just like, I’m never going back. Like I had a month off after like three and a half years of working there. I was like, that’s it like, I can’t go back. So it was just like, all my energy was going into like, Okay, I need a property I need to get any job, all this stuff and then the I was trying to find a good deal on a property. And I was trying to find an off market deal. Because you know, you read a bow, that’s where the real deals are. So I was trying to get this off market deal. And I was like, Okay, how can I get like a wholesale thing?
Good. We’ve all been down this path, man. We’ve all been Yeah,
like, so I’m like, Okay, I need to meet people. So like, I need to go to some investment groups. So I’m searching up investment groups. And I come across, I guess, rock star real estate, read about it, and some blog posts that it’s like a Oakville investment group. So I think that’s how I found out about you check you out.
That’s how we’re reported as an Oakville Investment Group. Yeah, okay. Cool.
That’s what it was in the article. Yeah, it was all the Ontario and it was Julie Broad. It was okay.
we approve of that.
Yeah, no, it’s good news. Good. Got me here.
Yeah, so then I got sucked into the to the Rockstar marketing that we’re so good at and then came up to the, to the free real estate class. At
that point, you had it had you made an offer on a property of any No okay and Okay, so you were still
the only reason why I was when I was on short term on Pepsi. I couldn’t qualify for a mortgage because they said you have to return to full duties. Yeah, so because I was my first thing I’m like, let me get a property while I’m still at Pepsi before I leave. Right so I was like trying to get the property couldn’t do it and but I knew I was like, I’m never going back so whatever let’s figure something out. I don’t know. So I come to this class. The class was awesome. I met yourself taught a great class I learned a lot.
So when you started stalking us a little bit
So for those of you listening and you don’t know Anthony works with I just in case we’re not clear I’ll have done this in the introduction as well. But Anthony works with us now. At Rockstar as one of the membership coordinators taking care of all the great members that we have here which has been like a perfect fit Anthony but I remember attending one of the classes It was a Saturday. I don’t know why I remember this class. And after the Saturday classes sometimes my my son or daughter My son now drives with my daughter needs to go somewhere something if my wife’s not around for whatever reason. Usually she handles it but I need to get home Take care of some family stuff and I’m wrapping up. I kind of keep looking around like two or three people asking me questions, which is normal. It’s totally fine. I want to be helpful. But then I I feel like you were kind of lingering a little bit. I’m like, What is this guy doing? Like what, you know, came up to me I think right at the end is I was trying to clean up the classroom and just get out of there. Yeah, and I think you said something. I can’t remember what you said, like I want to work with you guys. Or I don’t know what you said. I think you knew we were we had a we had a job posting out I think at the time
you sent out a posting and then two days later, I’m like, this is it like I’m going for it. It was like an administrative position. I just wanted to get in here. So I started getting my resume together. And as soon as it’s all together, the postings like gone I’m like, there’s no way they found someone that fast.
And we didn’t find someone that fast. It’s just what happens when we put a posting out first of all for the coaches here we’ve never really advertised to grow Rockstar and that way coaches who work here with other investors have always just come from you know, different weird sources. I just want to make that clear because we’ve never really advertised for. For coaches. We have advertised for different positions like your Anthony. And when we put that posting up there, I don’t know, we got like Nick was handling it. I think we got between 200 and 350 resumes in a few days. So we have to you have to turn it off because you can’t even you can’t even sort through it. Yeah. So the fact that you came in person? Yeah. Because here’s what I remember you came to that class. Yeah. And I think we had a bigger event, because you joined up as a member and you came to the bigger event. And I think you said Hi, again. Yes. Where I think you looked different to me because you had glasses on a longer beard or less of a beard, and I can’t remember. Yeah,
there was like three versions of me.
Yeah, yeah. Yeah. And I couldn’t, I’m like, I think the same guy. And I’m old guy, I can’t remember the same. And then and then I was telling Nick and Nick was going through all the resumes and it’s a bit of a task right to do that. And I’m like, Hey, there Don’t forget there’s also this guy this member, I don’t know, I keep showing up and he’s, I think he wants to apply for the job. And it’s like, really, okay, like, put him on the short pile. You know, so just this is just a lesson for anyone who wants a job anywhere. If you You walk in and make yourself known, you’re automatically even if the person doesn’t like you, which wasn’t the case for you. Yeah. But you’re automatically going to get yourself higher on the list of probability of getting that job. Yeah. Because I think at one point, you even came in, in person in the office. And both Nick and I were like, super busy that day. And I think it was Christina, who came in and said, hey, there’s some guy here. What was that about? Well, I just I was like,
because after the Fast Start class, when I talked to you, you’re like, yeah, we have this position, actually open it up marketing position. I’m like, perfect. Like,
right. That’s the position. Yeah. And you’re like, Yeah,
but it’s my brother does the hiring, I’d only met yourself. So I’m like, Okay, next thing. This
was my way of saying, dude, don’t even bother me. Just talk to me.
Yeah. So I’m like, Okay, next guy. So I’m like, I need to meet Nick. So then I was like, I’m just gonna show up like, he works there. Right. So, and I don’t even really want to say this, because now people are going to show up at Rockstar or something. But I was like, I’m just gonna show up. And Christina is like, no, like, they don’t I call them I’m like, Hey, can I just kind of come in?
Yeah, Christine. Meet people who just walk in.
Yeah, she’s like, No, they don’t take meetings. I’m like, oh, okay, like, what if I just kind of hang out in the front? Or like what you said? Yeah. Well, I wasn’t like,
shut you down Big
Mo she did. She was just like, no, like, that’s I’m like, Okay, I’m gonna just come in and drop something off. And then I was just hoping to, like, run into neck or something. And then I came in, I’m like, Hey, I’m the guy who called. I’m just here. I just wanted to drop this off the neck, or whatever. Like,
yeah, cuz I think Christina came in and told us and me and Nick, were dealing with something. I don’t know what it was. And I think it was like, who’s at the front? And what, like, we couldn’t even understand what was going on to one of us come and say hi, at least
Yeah, Nick. Yeah, you came around. You’re like you broke through the barrier, like, and I was just like, yeah, just wanted to give this to Nick and then Nick sod. He’s like, okay, like I think Nick respected the fact that I went to that totally. So then Nick was like, Okay, let me talk to you. So we talked for like 10 minutes and then you know, applied for the job went through the whole hiring process. And then you know, got the job, which is amazing.
Very cool. Okay, so so you got the job with us here, but you still have you guys had still not purchased a property. And then as soon as like you’re telling Adrian you let your leaving Pepsi now you’re working at this rock star place what what Adrian, what do you think, do you because Did you even know but us and the company is called a rock star real estate? Were you worried for your buddy here?
Like I’ve never heard of rock star before? But uh, No, I wasn’t worried he he’s a smart guy. He knows what he’s doing. So I have full confidence he made the right choice and I’m kind of jealous to be honest. It cuz I see how he is now and he still seems like he loves working here and just couldn’t be a better fit. Cool.
give them another year. We’ll break them down, break them down. But that’s cool. Okay, so then you start working here and then another one. What’s the next step? What happened?
It’s Yeah, prequalify. Immediately, I got the new income. prequalify couldn’t qualify for much from my own. I knew Adrian was similar income to me over at Pepsi, so I knew he would be the same. I’m like, dude, let’s just do this together. And then because our mentor a talker was telling us try not to do it together if you don’t have to.
Yeah, and I could see where she would be coming from. Sometimes joint ventures can get sticky. So I could totally respect that advice for sure.
I mean for her was just like from a credit point of view like just for financing for more like don’t corner sell totally
pigeonhole yourself great lady. She was amazing. That level of advice is top notch, man.
I can’t even they’re free to like it was crazy. Yeah, yeah.
Yeah, we would just take her out and always talk right into the mic. There we go.
Yeah, we would just take her out, like for lunch, and I’d bring it epic. Hey, can I bring my buddy Adrian, and then so I’d introduce Adrian and then I would tag along pretty much agent would tag along and we would just pepper
Adrian full respect to you for tagging along and doing that. There’s your age, there’s a million other things you could have been doing right. So that’s awesome. And way to go. Thank you. Like that shows a lot about you. So I was super interested at the time. So just I was absorbing everything she was saying. So it was great experience and I wish she was still around just to thank you for all that.
yeah. Yeah, well, we have one day you guys could do something nice for there might be a family there or something. Yeah, send you guys a book. Maybe you send her some family member some random thing one day, you know what I mean? Yeah, there’s always a way to Pay it forward like that that would it? How cool would that be? 100%? Yeah. So, okay, so you’re here now you get pre qualified. And then how do you start deciding like, because you know, we talked a lot about different real estate stuff here. Right. So how do you decide what property what city like how did that process work? Yeah, it was like your own thinking like, what was it? Like? I just want any investment property? Like, did you say I want a student rental or I want cash flow, or I want the city?
Yeah, cash flow was a requirement. Okay. positive cash flow. We both well at Pepsi speculated in Weed Stocks. Yeah, like everybody else. And we took a hit. And that’s when I learned we both learned don’t speculate, invest. Yeah. Awesome. That was cool. It had to pay us.
Yeah, cool. Awesome. That is a big step. Because for years I didn’t understand that. And I didn’t understand the difference even between flipping homes which Nick and I were doing were like I didn’t like this is it took us about a decade to understand that. Wow. Flipping homes isn’t real estate investing. That’s like speculation. Which isn’t bad, you can make money at it. Absolutely. We both did. And you can lose money out that we know people who have it. And so there’s nothing wrong with it. I don’t want to confuse that matter at all. It’s just it took us about a decade to understand, oh, wait a second investors actually are buying streams of cash flow, like investors, like, buy something. And there’s like a cash flow component to the investment. All the sophisticated investors we’ve met, you know, real estate or otherwise, right. So, okay, cool. So that’s a that’s a huge lesson you picked up early, I learned the hard way. Okay. So it had to have some cash flow component. And then what what was another criteria?
Yeah, so our thing was, let’s get a duplex and we could qualify for a certain amount. And we started looking, okay, where can we get a duplex that were just priced out of pretty much every city like we were looking for Hamilton?
couldn’t really what was your price point that you guys were capping out at that you need to hit for 60? Okay, okay.
And has to be turnkey because we didn’t have any money for renovations or anything. So you may have certain criteria. that we’re looking for. So
yeah, between the two of us, we had enough scrape together for a down payment. That’s it. So it had to be turnkey that yeah, that’s another good criteria. And we started looking and the only kind of turnkey places that were like rent ready, that we could turn around and rent there either in a horrible location, like a bad pocket of St. Catherine’s and this, tons of amazing pockets, but there’s, you know, a certain bad shot, like any city, or they were non conforming. And I was taking advice from you from our coach, from all the lessons,
because you’re working with Mike desorb here. So I know you know, all the coaches, and you’ve talked to of course, everybody here, but he primarily that’s who you ended up working with.
Yeah. And then all the content you guys produce as well like, and then as direct advice from you podcasts. We both probably listened to every single podcast on this show,
especially the one with you and Mike about just filling your property and stuff. There’s a lot of good information in that was awesome, cool.
Thank you for sharing that. And we’ve had a bunch of people who haven’t even purchased properties with us at all. Start who have listened to that particular podcast. And they’ve come and told us that one of them told Mike actually said, hey, I’ve been an investor for, I don’t know, five or six or seven years. I’ve never, I’ve never failed properties before myself. But after listening to that podcast, I felt confident I didn’t have to hire it out anymore. And I just followed what you guys said in that podcast. So if you are listening to this and you want to know how to fill a property circle back to that episode, I don’t even know idea which episode it is how to fill the property. It’s probably titled that I would
get in the car because we ended up going with a rental on to
Yeah, sorry. So you bought a single family home in St. Catherine’s?
Yeah, yeah. But I would get in the car to like drive to St. Catherine’s and Adrian to have that podcast teed up. And he would just be like to rewind back to like someone Spidey be like, dude, we’re not doing this. Like we need to do this. And Adrian, like, it was so much it got to the point was like, I can’t listen to these guys anymore. I’m like, eight hours a day. Like here. I’m a rock star. I’m always listening to our content is the podcast. Like it was that same podcast over and over? I’m like, dude, event feels like I can’t listen to me, man.
Yeah, I want to fill this property. I don’t care.
Yeah, but he just kept like rewinding
So when you guys bought the rent own obviously didn’t have a tenant, you bought a single family home, the people who were living in it moved out you so you then had a vacant property. So that’s why you’re listening to this podcast, you’re trying to Adrian, you’re basically saying I gotta get somebody in this because it’s funny that the number one fear of most new investors is like, vacancies, right? Like, we’re never going to find somebody for this property, this property is going to not be rented for eight months. Number one, of course, and it’s normal. So that’s why you were listening to that so much.
Yeah. Any more confidence and
yeah, it’s good. So just to go back quickly, we wanted to do the duplex, but the only ones we could find that met that criteria. Were non conforming, and we listened to you advice. Okay, would you buy this property? If you’re comfortable with the worst case scenario? And would you hold it for a minimum of 10 years, even if the worst case scenario happened? And if you’re okay, it sounds like good advice. That’s something we said. That’s something you said directly. To me. It sounds really good. I like that advice. So if you’re ready to buy that property and hold on to it for the next 10 years, no matter what even if the worst case scenario happens. Then you’re you can’t lose your good. And we actually had an offer in on this one property and went through all the motions and negotiating our first property and stuff like that feeling like you’re getting ripped off every time. Yeah. And just like such a huge experience for us. And then and then we ended up back into the deal after the home inspection. And here’s where like the value of the Rockstar network comes in. Because we’re like, it’s non conforming. Our worst case scenario is somebody reports it to bylaw and they kind of shut down the basement unit, which was non conforming, and we’re only getting one income and then we’d be negative cash flow would be in the hole every month. And we’re like, That’s bad. Like, we don’t want that. So we I then reached out to Andy Tran to ask him about it and Andy’s the legal second sweet guy who consults people how to add second sweets and stuff. And then Andy Tran put me in touch with the home inspector he works with who’s also a rock star member rob chain. And then Rob chain a tight circle did our home inspection and which was great because when we met him for the home inspection, we’re like, okay, what’s your ballpark range? How much is it going to cost us to legalize because he does all The legalization inspections with Andy Tran. So we found out the exact number is going to take some 40 grand and we’re like, we’re not going to have 40 grand,
you guys freaked out. So we’re like,
we’re like, worst case scenario is like we’re in the hole and it costs it’s going to cost us 40 grand like that might not be a big deal. Five years from now, maybe we have some equity, maybe
someday you’ll be in a different place financially. You’re spending 40 grand,
so we’re like worst kid. That’s bad. Okay, so what’s our next play? And so we backed out the deal. And then it was like, what about this rent own thing? This thing rock star talks about all the time. So we’re like, we can cash
this over. And we’re clear on this. We used to do so many rent to owns, and now it’s probably less than even 10% of our overall, you know, investor business that we get here. But it’s still a completely viable strategy that a lot of people don’t want to use. Yeah, but that’s cool. So you guys went down that path. I don’t even know what a gentleman was like when he was explaining it. I was like, Okay, let’s try it.
Yeah, so we go rent own. So as soon as we know rent home, we’re like we need a property for rent own. So then We’re not looking at duplexes anymore. We’re looking at, you know, good single family homes, nice homes, nice areas. So we found our property, put an offer in, got the property and on our way to filling our rent own. So
yeah, awesome. So then how long did it take start because you guys are living in Brampton driving to St. Catherine’s, like, kudos to that. Yeah. You know, like, that’s a big undertaking, like on a Tuesday night when you’re tired. And you don’t feel like want to St. Catherine’s that’s not an easy place to get to.
We’re doing like three showings at first one during the week and then two on weekends just because we’re so eager to fill it and you learn that
that’s right too much. But yeah, yes. And Kathy, it took us six weeks to
Okay, so you were advertising six weeks how were how were those first few meetings in the house? Were you guys together when tenants were coming in to look at the house?
Okay, most times did you guys have any freakout mode? The reason I want to share something I can’t remember if you know this or not Anthony, but I know one of our very first rent to owns very first, I was there by myself for some reason, Nick was going to come up a little bit later. Some guy, I think it was literally the first on our first rent to own and the first guy in the door, he chewed me up he literally rips me an asshole. Like, you guys are crazy if you think you’re going to get this rent in this neighborhood, because we were even charging aggressive rent it was just slightly higher than like what normal rent would be like. I don’t mean $1,000 a month. I mean, just I think it was like $150 higher was it hardly anything higher. And, and then the buyout price he like you’re crazy. If you think homes in this area are going to be sold for that much. You know, and I literally remember going he left no one came for a few days. I walked up the stairs into one of the bedroom, I sat, there’s no furniture. I sat against the wall, put my head I think just between my knees and thinking, what have I done? What have we bought? Why? Why do we always buy the worst piece of real estate? We’re going to fail. I’ve ruined my life. My family’s life. I’ve probably ruined Nick’s life. And then from there we’ve gone on with rock star to do over 1000 at least Justin Hamilton on right to say Hamilton oh my gosh, I should go counted again. And we stopped counting at about 800 and change in the Hamilton area. But yeah, we’re well over 1000 total on just just that strategy nevermind student rentals, legal second suites, flip people, rehabs birth strategy stuff, like everything you can imagine, right? But that one first property, I thought, oh my god, and then Nick showed up like 10 minutes later. And I guess Nick hadn’t been through that experience. So and he was just like, Hey, we gotta get this done. He’s like, you better snap out of this dude. Like, what’s wrong with you? You’re gonna get this rented Jake nickel,
get you on track
real just snap out of it. And we’ve had different times. And then it’s funny because on that very first property, the tenant who moved in there didn’t ultimately buy the property. And they left the property. And we were used to be worried if that but then we just rented it out actually, that particular property, we turned into a student rental, because we did the math and we’re like, oh, my gosh, there’s this one happens to be close to Mohawk. Why don’t we just try a student rental? So we just advertise it as a student rental. We got more rent than we were getting before. And the guy who didn’t buy it didn’t buy because his girlfriend didn’t like the size of the house. When he got a new girlfriend, so they moved to a bigger house, he like walked away from it. And we rented it out as a student rental. And then once a set of students kind of trashed the house a little bit out of all our years owning a student, it wasn’t even trashed. I would say, we were both going on summer vacations. And it was right before summer vacation. And we had to deal with like some repairs and some they had moved out and left beds and dressers. It wasn’t you’ve trashed it was just they left the house kind of messy. Right? And we had to go deal with it. And Nick was just like, sell this piece of crap. sell this house. Just get rid of this house you know when you’re in that so you guys be warned you’ll be in that emotional moment. And I had to be the one like Nick. We’re not selling assets. We got to hold on to assets we’re keeping it and we look back at that day thinking thank God we did not sell that property because that property is gone up at least two $300,000 at this point value, right? So uh, sorry, a long story to just share our own kind of craziness. So when you guys were in the house yourselves, yeah, what who freaked out at first? Was it Anthony your age? I know what are you freaked out?
You told me Uh, I mean our first showing was just a Gong Show. We invited half of st Catherine’s to come and we were we had a fake ad before because apparently you’re not allowed to advertise your property before closing or something like that.
So okay because you well you didn’t have it’s not really a fake ad you didn’t have possession of the property you own the property and you were already advertising
Yeah, but like a fake but we were using like photos of another house. Okay, that are close. We try to find pictures that we’re using an end unit townhome. I think they pulled it from like Fergus, okay, and the photos like Alyssa and I were like, okay, nobody’s going to be looking in Fergus answer Catherine’s
Okay, cuz you’re running this trying to get leads and it sounds like
it worked to build up leads. So then the day we get possession, we hit the ground running. We got like leads lined up. Come to come to the house and
the pictures that they saw.
Yeah, we close actually, man. We closed Halloween night. drove there. We drove up there after work that day and We made business cards at Staples saying rent to own with our cons all credit welcome with our phone number like our 24. info line. And we put this this rent to own isn’t trick. It’s a treat for your whole family, something like that. And then we dropped them with the candy and like kids bags because we know the parents are out there. We put a sign on the front lawn Really? Oh, let’s try it.
So it’s a vacant property just used to it and you’re giving your candies to kids who are coming by for you to kind of market their cars. So your March you’re using Halloween to carry your marketing messages.
100% just pure scumbag.
Marketing. You’re hustling man. We’re
hustling. Yeah, we’re trying everything. We sent out letters to the whole neighborhood saying this is what we’re doing smart. You know, don’t be alarmed by the all credit welcome thing and then and that people
do get alarmed by that. So that’s super smart.
Well, I picked that up from Erica’s podcast on here. Yeah. Awesome. Great tip. And then we sent that out what else we’re doing? Yeah, so our first showing we weren’t even showing the right property. So the day before when we did our confirmation calls to get people to actually show up. We’re like hey, by the way. It’s a different property. We just couldn’t advertise. We just told them the truth. We’re like, we couldn’t advertise with the actual photos. So we tried to find a similar property. But yeah, it’s still beautiful. Like, here’s the new listing, we put up the listing as soon as we got possession of the actual house, and then had them come out. But we invited like half the St. Catherine’s so there was like, 14 by units. So 14 different people at the house, but they would bring their wives
14 is two families
within like a half hour, maybe more. Yeah, because we had likes crazy them come in the first half hour then more people come in the second half hour. So the doorbell is ringing off the hook. Adrian was manning the sign in sheet at the front, which is I guess, a rock star tip where you sign in with the amounts with your name and stuff. And then with the amount you have available to put down as your option payment for the house.
Yeah, if you’re listening to this, and you don’t understand rent to own in exchange for accepting somebody with bad credit, you ask for an option fee, you’re selling an option for them to buy the property and you sell that option to get some money up front. And the reason you’re getting money up front is that gives you some security because they don’t have good credit. So that’s the exchange. Well, let’s In the house with bad credit, our security is some lump sum of money up front. That’s how our rent own works. That’s the exchange. Okay? Yeah,
yeah, so all these people setting up Adrian’s man in the front trying to get everyone to sign in. It’s my first showing so I don’t even know what to do.
greeting people sign in, please, please. Yeah,
I’m in the kitchen. I was gonna explain the program because I was a bit more familiar with it. So I’m explaining the program there’s like groups of people waiting like shit I’m keeping people waiting. So I would like gather everyone together like a like a huddle. I be like explaining to the whole huddle. And I’m selling the program. I don’t even know how the program fully works. Like I didn’t even understand it complete.
Oh, geez. We let you down Anthony. No,
I did. I knew I knew what I had to know that tell them but like, the next steps, like, I like halfway through the showing. I’m like, I think I should be getting deposits. So and I had been in the classes and said, you just get overwhelmed. You got to do it. You got it. Yeah. So then you get overwhelmed. So then I run out. I’m like Adrian, cover the kitchen. There’s all these people in the house. I call Mike in the middle of the show and like I should get in deposits, right. He’s like, yeah, okay, we get deposits. Hang up start getting deposits from that first showing we actually got we hit the trifecta what we call the rental and trifecta we had you can explain a good income so the rent the income had to be three times the rent
a good option payment like a decent amount of option payment and
just just good gut feel about the person that which
is important. Yeah, to feel good story.
Yeah. And it was
the credit and stuff like that. Awesome, right? It wasn’t too big of a deal. But like just like
so you guys thought you had trouble? Yeah, you guys thought you thought you finished it.
Yeah. So yeah, we had the first we had we hit the trifecta 15 grand option payment. And I remember like telling you about I’m like, Yeah, like, yeah, that’s pretty cool. And you’re like, dude, that’s huge. I’m like, Oh, yeah, okay, they’re showing
fell just from it from an investment point of view. And I know this one did not come together. Yeah, right. But when when you hear someone say 15,000 and you’re not getting excited about it, I’m like, hey, just, if you had put that money you used for the down payment in like, let’s say the stock market and within the first six weeks you got $15,000 back the ROI. On that is absolutely massive. So people I find in real estate sometimes they’re dismissive of certain aspects of real estate. And I’m like, Are you crazy? Like, where else? Are you going to be able to get that? Like, it’s insane? Yeah, it’s non refundable, that you can go and use to do whatever else you want. Anyway, let’s stay on track. So these people ultimately, though, don’t pan out.
Yeah, no, they don’t pan out. We’re on the way to sign the lease with them in St. Catherine’s. We’re on the Burlington skyway, or Hamilton skyway, whatever, and then she texts me She’s like a cold feet, cold feet back down. I’m like, all right, Turner, which is
valid, right? Like somebody a parent, a family member, somebody told him Oh, what are you doing about a house? Like it’s a big deal for the tenant moving into? Right? Yeah, you always want to kind of respect that. And I just want to rewind just a little bit when you were showing properties Nick and I don’t feel bad about not knowing what you’re doing in the property. Nick and I knew so little whenever anybody to train us, right, so we had one buddy, he wasn’t even a buddy. He was more like a mentor to us and Ohio kinda explain this stuff to us. We drove to Ohio to talk to him but we’d already bought a rental here and started showing it We thought you had to get people to fill out applications before they entered the house. So we were at the front door application we’re like oh if you want to see this house you have to fill out an application so there was a little half wall like when people would walk in and we would make them fill out a fill out application for the rent own and only that then after we’re like okay, the guests that we got all information Okay, welcome look through the house
telling the guy after he’s like, what is your because you don’t get people to like apply for the house that they’ve never seen, man, you got to let them choose.
Oh, but it taught me the power of when you confidently ask for something with conviction in your voice. Anything is possible in the world. You know, like that’s where I learned that like, Oh my gosh, grown adults who you know who I thought know more than me about real estate. Were just listening to me say you need an application, like on our application, get driver’s license number, your social insurance, social insurance number and they just gave us all the information before they walk through the house. It just was such a big lesson even though it was the wrong thing to do. Yeah, I learned Oh,
if you’re in your 20s right like you’re Yeah,
our 20s everyone’s twice your age you’re
Yeah. Other thing people like we’re just a couple of young guys. Right. So it’s like that you talking to older people? Yeah.
So like, I know like we teach at the classes and stuff, you know, dress casually and like don’t be the mister real estate professional and stuff. But I’m like, like, I’ve got a baby face like maybe I should be just a bit more formal, like make myself a bit.
Yeah, just was fine. Nobody brought it up. Like a couple of young nobody brought it up. Yeah, yeah.
They’re looking to they have a problem with your offering a solution for they have a family that needs to live somebody somewhere. They’re not debating you guys at that point. They’re like, they got a problem. They’re focused on them. Right. They’re focusing on you. Yeah, you know what I mean? Yeah. So. Okay, so you get the call in the Burlington skyway. You’re like, shit, we knew it was too good to be true. These Rockstar guys, they don’t know what they’re talking about. And then you pulled her you turned around and went home, I guess. turned around. It was.
Yeah, just you know, we were Took the wind out of your sails a bit we had. This is another lesson we learned we had turned off marketing. Stop marketing. Yeah, we thought we had it. Yeah, we thought we had it in the bag. It was like she was fired up. She was ready. She had the money. Good, great people. It was the trifecta were like first showing like yeah, and then turned off marketing. And then, you know, took the wind out of her sails. And then we just realized after a couple days, like she’s not signing this, like we got to fill this thing. So kicked it back up again. And then just every show and beyond that we just be like, Okay, what did we do wrong? What can we learn from how can we improve and then each one was just like a learning experience and then improving on each one
and looking back I’m actually happy she backed out just because of the amount of stuff we learned without within the six weeks like how we can improve what we can do to get better for next time
you guys actually went through remember right right inside your Speak softly I need you right in the mic. The reason you guys have no idea the education you just picked up there because sometimes investors do fill a property on their first showing and actually comes back to the haunt them a little bit. Because then they’re going to buy their second property and if they don’t fill the property on the very first showing on their second property, they are sometimes convinced themselves that the markets saturated and they’re never going to rent their house and they slip into this real like almost like a dark place where you really have to motivate them say no like you feel the property on the first showing last time that’s great. It doesn’t always happen that way. Give it 234 or five so if at the six week mark in this market, you haven’t filled it then yes, let’s talk but let’s give it some time here and so what what you guys went through is actually moved your experience level higher faster, so it was actually a positive? Yeah, right. Yeah. So okay, so you turn up the marketing again, and you’re going back down there anything else? Anything else happen?
Oh, yeah, for sure.
Yeah, I feel like I know one story that
I want to bring up throw Adrian on a fun
Well, I don’t know if it’s throwing Adrian under the bus. You get thrown under the bus. I knew one story so there’s no
he didn’t do anything wrong. You have a quasi stalker type tenant. Yeah.
So we we had our invoice number for voicemail. Oh yeah. And we started getting all these voicemails from this woman who, you know isn’t in the best place in life might not be, you know, just whatever she’s not in the best place starts leaving these kind of crazy voicemails
sorry maybe not mentally stable.
Yeah. Okay. Trying to put it in a polite way but yeah, just these crazy voicemails like demanding we rent the house she’s like I need this house like rent to me she’s screaming like top of her top of her lungs scream manager like what the hell? So she’s freaking us out of it so we obviously don’t respond. hoping she goes away or something just hoping she goes away. She doesn’t she just keeps leaving these crazy voicemails and like, telling us all these crazy things. And then one day we do a showing on like a Wednesday night we’re driving back, I think I think we’re in like Oakville, driving through Oakville still on the way to Brampton. And I get a call from the next door neighbor at the house who we had introduced ourselves to the first night which is a good thing because he had a number so we give us a call. He’s like some like drunk like crazy woman. Just showed up at my door. Like, just like looking for looking for the rental property like for years, I guess next door, we had just left so we just missed this woman and we weren’t we didn’t put her address up we had just the main intersections not even like this the street because it was a suburb like we had the main intersection like two main roads. And she somehow found the property. And so she she was like trying to force her way into like the neighbor’s house. And she was and then she left us a voicemail after she actually got my personal number. She called me. Yeah, so he calls me I’m like freaked. I’m like, holy crap. Like, this must be the woman who’s leaving the voicemails. Like it has to be her. Right as I’m thinking that and I think before I even could call Adrian or maybe I was on the phone with them telling them what’s happening. We’re like both freaking out. She She calls me and then I think I merged Adrian onto the call. Oh, yeah. So I merge Adrian on so we’re both driving down the 410 in Brampton, at this point, and I pull up next to his car is this woman’s talking to me and i
and i look at his face, I drive up and he’s like,
and I just looked at He didn’t know his beside I look over his face as he’s driving. He’s just like, oh my god, and then I look at it he looks at me like, we’re just like mouthing to each other like what the hell? And? And she was Yeah, she was just like all the kids are already calling me grandma like the neighbors kids. And I think they’re saying like, like yelling to their grandma like grandma was a crazy woman at the door or something. Yeah, so whatever just freaked this out. We thought she’s gonna throw like a brick through the window. You know, we told her we had rented it out. We’re like, We’re sorry, we can’t rent the lease has already signed she’s like telling us to rip up the lease and rent to her.
So we both get freaked out and welcome to
dealing with the general population, man.
But I’m talking to like Adrian the next day about it. And he’s like, Yeah, dude, I took down the ads. And I was just, I was like, Wait, what? Like, dude, we still have to fill it.
So Adrian, yours is like, forget it. I’m not advertising this promise. Like who
else is out there? That’s gonna like keep doing just like
it still but you’re like, we’re not gonna advertise it anymore.
Like just for like a couple days.
I get where he’s coming.
Thank God you guys had each other That, like if you’re on your own, this is the kind of thing where it is valuable, especially when you’re younger to have like a buddy or a partner, you know, do it with you, because you need that sounding board. And this is where we tell everyone you need a team around you too, because you need some other people in your life to be able to say, Hey, this is normal. There are some people out there that are gonna maybe get a little excessive on tracking you down for properties. We’ve had it arsenic and I have both had that kind of stuff happen. Just keep doing your thing you ultimately own the property you approve who gets in the property, not them. And because when I was younger, sometimes I felt intimidated by people like oh my gosh, this person like they’re telling me they’re getting the property like they’re the ones getting the property. And I didn’t even know if I wanted to select them, you know, and I would be influenced a little bit when I was younger as crazy and sad as maybe that sounds Yeah. So cool. You guys had each other to get through that. Yeah, but you put the
ads back on after two days I realized like this woman is not worth it. And this property is way more important than Yeah,
cool. She didn’t go away. She She kept driving by she calls she signs still up on the front lawn like the rental So
when did she eventually just disappear I just I just
was like, what are we doing here? Like this woman, like we’re driving to another showing? And we’re like, what if this woman just that I’m like, we just got fed up. I’m like, dude, I’m just gonna call her. So we’re in the car together. I just called her. I’m like, Listen, you need to leave us alone. We can’t help you. Like, we wish we could help you. We can help you like, I’m sorry, but I was just like, super firm with her. And she was like, whatever doing her thing, but then she was like, Okay, and then that was it
got it got her clear, concise communication. Ultimately, the frustration got to you and you did it. So good for you another big step. Awesome. Yeah,
the more we ignored it, like the more aggressive she got it. So we had
totally met Nick and I have this thing in life, man. It’s like the things you don’t want to do or you don’t want to face are the things you must do and must face good way to look at it. You know what I mean? It’s like, unfortunate, but it’s true. Yeah, you know, and every time we’ve like, addressed one of these situations that we were kind of like avoiding. It’s always kind of raised our experience level up. Yeah. So good for you guys. Man. Cool. So you got through that you advertise it. Go do some more showings took you about six weeks and you find somebody
Yeah, we had another person who got cold. wasn’t so much cold feet but um, she had 13 grand down hit the trifecta. We’re gonna go with her and, and then but her money yet her money was locked up in a gic and it would have cost her 1800 bucks to break it. And then that’s when we learned another huge lesson. Like, just make it up as you go because she was like, Oh, I like if I break this gic, I’m gonna have to pay an 1800 dollar penalty. And instantly it was just like, okay, let’s think on our feet, okay, well, what if we knock the option payment down to 11 grand because you’re gonna lose that close to two grand. So 11 instead of 13 and then we’ll take off 1800 off the buyout price as well. Like you can just make it up like I didn’t realize you could do that but you can just make stuff up
as Yeah, I want to just check your language there a little bit. It’s not necessarily just making up because that sounds like you’re fabricating something. Yeah, but you can adjust on the fly the world’s your oyster like these numbers when it comes to real estate. You are in control of them. Right. So you’re right is like making it up, pulling it from thin air, whatever you want to say but yeah, it’s it’s you were doing something that you could rightfully Do you have to change what you were asking for? To adjust to the situation?
Yeah, there’s Yeah, the better way of putting would be that, like, there’s no rules to it. No rule. That’s what I mean. Like there’s which, which obviously I personally love. Yeah. gives you so much flexibility. Yes. Right. Yeah. So cool. And then that one didn’t come. So no, she didn’t want to break the gic. That’s fine. She might contact us in the future for future and tone. She’s still pretty interested. But so that one didn’t work out either. So that was like, by then we had learned keep the marketing up, you know, so we, you know, Adrian was great with that. He never let off marketing. Awesome. And I learned my lesson. Yeah. So yeah, he was great. He Keep it up. And then I would have my part, you know, trying to close the deal and talk to the person but just get the lease signed. Split up TAs like, it’s just been great. Yeah.
Cool. So you ultimately, and then so what did you sign? Are you willing to share that?
Yeah, so the guy put 8000 down. He’s paying 2290 for Town Hall. Cool.
And is it are you you’re getting the cash flow on the monthly amount that you I want to have a discussion, but are you covering your costs are you $50 Under $50, over right on, where are you?
Yeah, we’re breakeven, bring like 25 bucks under but if you count the option payment and divide that $8,000 option da,
I feel like you’re doing that for me it because yeah, the discussion here was at one point on one of the things you guys had somebody who was pretty interesting, I think they might have been the second person I forget. But the monthly rental amount that you were negotiating, I think was going to be like $100, under your carrying costs. And I think the wording that you would use to me was that it doesn’t cash flow. And I’m like, what will will will will time out here, someone’s going to give you $8,000 or 10 or 15, whatever that situation was. You have that in your bank already. You must count that as some of your cash flow that’s coming back into your life. Yeah, like we can’t just say no, that’s not, no, that is casual if you want, take the whatever amount divided, but how long is this least 3636 month divided by 36 months and whatever that amount is monthly. Just assume that you’ve you’ve now taken that Front Yeah, and so many people on our rent to own strategy kind of dismissed that I’m like whoa that’s that’s that’s one way to do math but you are in that math is omitting a lot of cash flow that went directly into your bank very early on in the owners yeah
it’s not the big picture like it’s not
getting people are you get lost in it yeah but good for you guys so so you kind of breaking even on the monthly but you got the $8,000 up front that you can then now use to as a return on your investment or start putting towards whatever else you want to do. So super cool, man. How did you when you signed that? Were you guys both did one of you signed the lease? Were you both there? What happened with that? The lease I think you signed right?
Yeah, what chain? Yeah,
yeah. So you signed it? How did you how did you guys feel when he called you and said hey, we signed it and you collected the money
just felt amazing. It’s like wow, we actually filled the rent own properties like
yeah, I didn’t even college and I sent him the guy paid his cash money. So we have Yeah, that we had like because he did first last and then cash. So we had like, I had like 12 grand on the kitchen counter in cash, like hundred dollar bills. So I put on like some rap songs like a Drake Song 10 bands 10 bands.
Are you guys man rapping
about like bands of cash? I think a band is I don’t know how much a band is. I was in 2000 Yeah, so we had more than 10 bands, I sent agent, the song 10 bands. And like Dan said, I got the cash in my hand, and Adrian just gets off work at Pepsi at 10. He sees the video and he’s just like, amazing.
Good for you guys. And there’s going to be more ahead like we’re talking about now. You know, anytime rent is late, you can’t you know, buy into any excuses. Unfortunately, even though there may be legitimate reasons that they can’t make rent, you have to run this now as a business. This is a business right? So you have to be firm. That was the next mistake, Nick and I would make we bought into people’s stories for not paying rent and we would give them so much leeway. Three, four months would go by and we were eating the cost on the property that we couldn’t be affording because the mortgage still came out of our bank account and then we got frustrated, you know, back to your point how you got for us. With this lady who was kind of like all over you, Nick and I just got frustrated said, hey, look, you got to pay his rent. Like we, we can’t make it anymore, we’re going to lose the freakin house. And it was when we got to that point, we’re like, we’re never gonna let that happen again. So now the way it is, unfortunately, or fortunately, however you want to look, look at it is the day after rent is due. If we don’t get it, we fill out the end for form. And we start the process and we tell everybody, hey, look, we know you’re going to pay in like three days. This is just something we do on every property. This is a business to us, we make no bones about it, right. And as soon as we kind of ran it like that, things got a lot more straight. We weren’t as buddy buddy with some of our tenants. And it was a little bit more, you know, tenant landlord relationship. It’s still very friendly and respectful. But it was just a little bit more businesslike. Yeah, that’ll be the next thing we have to watch with you guys. Just how you process all that stuff. Right? Yeah. So cool. So what’s Uh, yeah, good, good, good. Good job. You played the Drake music or wherever it was. God’s plan came out or whatever. You, You sent the text message over and there must have been a sigh of relief. So for sure, yeah. Good for you. Okay, feeling good for you guys, man, congrats at 24 years old for you guys to be doing this. It’s good times ahead, you know? Yeah, and and I really believe all the stuff that you’re going through. Let’s call some of this stuff mistakes which I don’t even think there are mistakes but like the way you handled some of these people and that kind of stuff like you wish you call this lady sooner and you wish you didn’t take the marketing down. I tell everyone and I said, Hey, listen for you to have a successful life and whatever success means to you. You need to make a lot of mistakes, because it’s the mistakes that are the raw material that produce your success. And what I mean by that if you don’t make any mistakes, you can’t make a good decision next time. Right? So you need the mistakes to be able to say, oh, I’ve been in this situation before. I’m going to do this now. Not that. If you don’t have the pool of mistakes, you don’t have the raw material to make the good next decisions. And I get this With some people who get into like business, right? And they say, well, Tom, I’m not going to put out YouTube videos like you guys. And they’ll somehow think our YouTube videos are good, which I look at our YouTube videos and like, you know, but they say, I’m not as good as you guys on YouTube, I’m not gonna put, I’m not gonna put them out. And I’m like, No, you have to put them out. And I’ll say, Why do you think you can’t do that? And they’re like, Well, I’m not good on video. And I’m like, well show me your last 10 videos that you put out. And then they don’t have any, like, Well, how do you know you’re not good at doing writing videos, doing creating your own business? If you haven’t even tried it? You know, I mean, and I know you guys are working on another business that we’re not talking about too much today. But the value in that even and I’m sure this business will be a great success. But even if even if it’s not the success, your own personal success is going to benefit from whatever happens with this business. Good, bad or ugly. Does that make sense? Yeah. So you need the message. mistakes. The mistakes are the success needs raw material, the raw material are your previous mistakes. That’s what mistakes are there mandatory if you do nothing because you’re too scared, sorry, I know I’m ranting, I should show 24 and I feel like I should listen to this. But but if you don’t make mistakes in life, because a lot of people I meet in my 40s now, they’ll come to me and they’ll say, I can’t do this because now I can’t make a mistake. I have a family to support and I have this happening. And I’m like, No, no, no, even with the families what you must try new things. If you live the rest of your life on this planet, never making mistake. You’re never going to do anything that you want. Yeah, so the fact that you guys are out there now doing all the stuff. It’s great, you know?
Yeah, we kind of say like, winner learn, right?
Yeah, they’re gonna win. McGregor’s coach. Yeah, that’s a great little book. I like that. Yeah, john Kapinos Yeah, winner love that winner learn when I started hearing that I’m like, yeah, that’s totally the right approach man. So just watching you guys from like a fight you know, close to you guys but a little bit of fire from the situation. To really, man, we’ve been cheering for you the whole time. Yeah, so this is super cool. Yeah, so you’re glad you got that Rich Dad Poor Dad book. And I’m a life change totally totally or what or what you guys reading any? Is there another book maybe that comes to mind that you really like? Have you read Stephen pressfield book yet? The War of Art? No, I have it. The Art of War. Let me Google this up
the art of war is that like really old boy?
Yeah, so this is the War of Art right by that son today. That’s not that one. Not the War of Art. Yeah,
I have it. I haven’t read it yet.
Oh, my god, you’re gonna love it. You’re going to love it. You have that book? I have. And I’ve heard people talk about the War of Art through the blocks and when your inner creative battles Yes, Sergio, who just on this podcast earlier this week, I’m losing track of time. And he mentioned this book. I usually have copies around so I’ll give you a copy. I just don’t know where our books are in the office yet. Do you know anything?
I do. Yeah.
Do you I do know if we have this book here. Have I given you this book and I haven’t read it yet. Right now. I’m
gonna have to yell at you, my brother. You gave me You gave me the winner learned book who I I read it and I shared it with AJ awesome awesome cool
cool yeah the War of Art really quick read trust me read that book man winning on that book done what’s next now like what what do you what’s yet you so you’re a Pepsi still you’re here at Rockstar you guys have this other business at another time we’ll talk about but is it more now let’s see if we can save up for another property develop this business What are you guys up to
yet yet it’s more properties trying to get more properties and working on our side hustle on our business trying to grow that and
it’ll be you know we are guys like getting the first one was tough enough with the money the qualifying we think we can get another one together within the next cool within 2020 so 2020 definitely one and then joint venture game either so we have some goals to get awesome another joint venture on top of
so you have an Instagram you What is your Instagram Can you handle? Yeah, I don’t know.
Yeah, I haven’t used it in like two years but I feel like I should start sharing some real estate stuff especially if I’m going to be you know, going for joint back Josh, you
know, there’s gonna be a 23 year old listening to this 22 year old 30 year old a four year old listening to this. I might have a question for you, man. totally sure
yet, so it’s Anthony marinero and th o ny Molyneux, Mo l i n AR o underscore
on Instagram and Moliro underscore
gonna have to go back on Instagram I think
Yeah. Cool. We’ll link to that in the show notes for so Rockstar inner circle calm forward slash podcast on the link for this episode. We’ll also put that there Yeah, Adrian you’re not on Instagram right now right now. Make one but save it save it for next we’ll have you for your business you don’t have to force yourself on there. I actually respect that you’re not on Instagram right now you’re doing other stuff you’re you’re buying properties you’re on your way. I’m trying
to set the foundation first before I
totally if I start Yeah,
and I want you guys to know man, we’re here for you. Right so like whatever you need. You guys tell us your network. The your your your personal power and speed of what ever you want to accomplish in life has a lot to do with the people you hang around. If we can play a tiny little part in that, leverage it, ask us do whatever we can, you know, if we can’t do something will tell you, right. So you’re surrounded by a lot of people who definitely want to help you. Just make sure you’re asking for whatever you want. You know, it’s important. Appreciate it. Cool. Thank you anything else to share? I think we covered a lot of cool stuff here.
And what I think is good. Yeah, yeah, yeah.
Yeah, yeah, yeah, yeah, you’ll see it. But don’t worry even about the listens. Because, man, listen, that one lady sent you that one, one book to one person. Yeah. And that changed your life? Yeah, your life. It might change. You guys don’t have families yet. What she the impact she had on this lady might affect your kids lives. So the amount of listens on this episode of this podcast doesn’t really matter. If it’s 10 people and you impact them or motivate them in some way or make them think about life in a different way. That is, how can anyone pay that back? Do you know what I mean? Yeah, so to Holy really really thank you for doing this you guys will have you guys back as you guys kind of evolved through your journey and whether it’s another property or this business that we’re alluding to we’ll have you guys back on to talk about all that stuff. I really want to thank you for being so open and sharing some of your some of those stories are awesome, guys. I really really appreciate this. We’ll leave it at that perfect cool thanks guys. awesome awesome Hey everyone, it’s Tom crowds against hopefully enjoyed that episode. Thanks again to Anthony and Adrian, the story of that person entering their life just seems magical, almost like an angel to me. So just you know, love that kind of stuff. And if you’re listening to this and you want some more real estate investing information, you can check out our Instagram right now at Rockstar inner circle. we’re answering a question a day you can go there pose your question, we’re answering a bunch of questions. Have some fun with it. That’s at Rockstar inner circle on Instagram. That’s it for now. Until next time, your life your terms.