UREI-27 JV Equity Split Testimonial

Are you ready to move your business in 4 weeks? This is part two of that series and we are discussing how to run your business virtually! Today we have Dan Collins, a real live testimonial that was able to make way more than they planned by partnering with us for the sale of their home. Dan had a property that it was inherited within your family for quite some time after a brief conversation, 10 minutes, a very Frank conversation of his experiences with my company, easy sell property solutions on [00:01:12] How initially our cash offer was substantially lower than what you wanted and how we came up with this creative offer, which we do maybe about six to eight times a year, the equity lift program. And I think, I don't think I know you're going to be a perfect case study because your, an astute seller. [00:01:28] So you are somebody that. You'd know this business inside now, because I want you to explain what you do for a living, but like you're an educated, super educated individual when it comes down to this. So dealing with us on that level, I know you're going to hold us to a highest regard than somebody who is a layman who really doesn't understand the process. [00:01:47] You drill this. You were very specific, you were very detailed oriented. You put us through the ringer. So let's just start from the beginning in regards to the property, your sister, what the situation was, why you wanted to sell. And we'll just. We'll have a Frank conversation. We'll take it from there. [00:13:22] So let's talk now numbers. So we initially set out to, to have you and your family walk away with $250,000. Let's just walk through the numbers piece and show, what the end result actually was in your experience. In my experience, when we were negotiating the overall contract, we got to a point where we were setting the price. [00:13:43] We were working on the numbers and in the beginning, this is where we zero or flat line that we set a number of 385,000 as a sale price, which meant that to get me the two 50. You had an element of risk in there to make all of everything else work. And just to touch point on that, if it's sold for less than the 3d five, you were still guaranteed your two 50, that's the element of risk you have to perform to those numbers, which means that we had to really do our due diligence to ensure that everything we were getting ourselves into. [00:14:19] That we looked at the risk factors and said, you know what? This is something we dialed in a numbers. We're going to make a return on this. And if the market should shift slightly was still covered and as 100% still guarantee will in his family to $250,000. So it was a vetting process and a risk factor process on both ends and we both needed to be comfortable. [00:14:37] And so to that point to that point, we, you and I worked out the numbers, we worked out what the cap would be on. The profit for your side, with respect to, the construction costs and all the other costs. So that in the end it was, we knew where we were starting from. As you can see we beat all expectations that Dan had for us and truly held us accountable every step of the way! Tune in and find out! Check out billyalvaro.com and billyssecrets.com Talk to you all soon!