It's crazy because...
So, this is the toughest part of my job, right?
It's when I come here, I knock on the door,
and I try to figure out what's going on, right?
The reason why I say it's...
the toughest part of my job, it's because it's not...
comfortable to come and say to someone, "Hey, you gotta leave.
You are in my house, right?"
If you have to, yes. That's business.
Because I know this is a business but at the end of the day,
I like to put my head on a pillow and sleep.
-Right. -Right?
Because I believe in karma, whatever goes around, comes around.
So, when I approach whoever is living in the property,
I come from a place where I wanna create
a win-win situation.
-So, whatever I can do... -OK.
I have partners on this as well, right?
So, we gotta look at all angles and situations,
because I see you as my first costumer,
-does that make sense? -Well, I will tell you...
-the story behind this place. -OK.
The gentleman that owned it...
he approached me, I didn't approach him.
I was in a house already.
He approached me and asked me, first, to replumb the place.
So I replumbed it.
Then he, by two years...
Are you a contractor by trade?
-Yeah. -Oh, nice.
-I ran my own handyman service. -Oh, amazing.
OK, cool.
Then he came back and said, "Well..."
I was just getting ready to change houses and he said,
"I'll let you live in this house. I want you to fix it up,
so I can rent out both sides."
And I said, "OK, no problems." I got here, the place is empty.
So, I talked to one
of the Code Enforcement people that I knew.
He told me what I needed to bring it up
to bare minimum standards.
So, I put 20 grand of my money into this house.
-Wow. -'Cos I was expecting
-to stay here for 12, 15 years. -Makes sense.
It would justify the investment.
So, I got it brought up.
The landlord was supposed to get with me,
buy me the materials to fix the rest of the house.
I fixed the part I was in.
He was supposed to buy me materials to fix the rest of the house.
-He decided he didn't wanna do that. -Makes sense.
I decided I wasn't gonna pay him rent
and buy materials to fix this house too.
It would not make sense, yes.
So, this part that we got fixed,
-I got it. -and across the years,
-it's slowly... -Slowly deteriorating.
-Yeah. -So, we see here...
There's no AC anywhere.
Oh, you guys don't have AC upstairs either?
-No... so that... -Not even on the other unit?
Just what I've bought.
-OK. -So, the...
the listing she had originally put in,
it said that this place had central heating and air conditioning.
But it doesn't.
Maybe she was planning to put it on.
-So, uhm... -See, I had gone out...
these cabinets, have been purchased to put in the kitchen...
-Upstairs or downstairs? -Down here.
Yeah, OK.
I put the cabinets upstairs that I bought.
I bought cabinets to put down here,
but I didn't put my cabinets in, 'cos he never paid for them.
Makes sense. So, in your mind,
how much would it cost to fix downstairs?
For, well...
For a normal person to fix this entire place
it would cost him about 40 grand.
The biggest reason for that is...
-it needs a roof. -Downstairs and upstairs.
OK. And the roof...
has asbestos shingles.
Got it.
So, it's the asbestos fumigations what's gonna cost all the money.
-Makes sense. OK. -Uhm...
So, down here, she brought a replacement.
Fortunately...
-Is the electrical working down here? -The electrical has to be redone.
Got it.
It has been sealed with cloth and paper.
The top was... rewired.
This never was.
So, you gotta do electrical downstairs.
It needs to be completely rewired. Problem is, once you start,
everything has to be done, because the inspectors
will look at everything.
-The plumbing... -So, they don't look just downstairs?
-The plumbing... -But, if upstairs was done,
what's the reason that...
Because it's a challenging property.
It wasn't done according to the code?
It was according to the code,
But it wasn't giving an O/C.
-A final occupation. -Got it.
-So, you fixed just so you could... -'Cos this...
Got it. Makes sense.
So, they can't do it for the whole building.
OK. Got it.
So, it's in your mind... Would you be interested
in buying the whole thing, or just the unit upstairs?
Just downstairs... Do you wanna buy it as is,
do you wanna buy it after it's fixed?
-What's your... -I'd be willing to buy it...
-...as is. -OK.
Have you ever thought about making an offer?
-Yes, I did. -OK.
I asked her how much she wanted for it.
-So, let's forget Christine. -OK.
What won't you do this? Why don't you crunch your numbers?
I already did my first assessment, I'll be back tomorrow, uhm...
I need to contact some contractors and all that.
Because me, personally...
Because I'm now on a fixed income.
Even though I can't work on the outside of it,
I know I am capable of putting forth,
$500 to $700 a month.
-OK. -For eight or nine years.
-Got it. -With no problems.
Which, I mean, that's how much is it...
$48,000 in eight years.
-OK. -But I'd be willing to buy it as is,
because then I can repair it,
-It'd cost me less, because I... -Now, what if I do this?
Uhm... so, the challenge behind that,
and I already know what you're offering,
I'm gonna write it down and discuss that with my partners.
Uhm...
So, that's plan A. If plan A doesn't work...
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