On a Hunt for $80M Deal

I knew about a property that I've been looking to buy. Class A, baby, where I belong. Everybody's saying, "Oh, you want $35 million for your house. " LOOK AT THAT. HERCULES. YOU KNOW WHAT? YOU'RE FIRE. WE'RE IN a 1031. So, I'm on the hunt, baby. And I'm going big. I'm looking at the big time stuff. And I hope Ben and Vincent are ready for it because this is the kind of stuff I want to own. So, we're going to crank the numbers and see if it makes sense because if it makes sense, it makes dollars. This place is only a couple of years old and it's CLASS A, BABY. CLASS A, where I belong. So, we're going to check it out and see if we can make the numbers work. We got a lot of tax benefits riding on it and see if we can make a deal. Baby, when you're looking at properties like this, you better be ready for the high maintenance and operating cost, cuz these places have everything. They got fancy gyms. This one has boat docks. It's got all kinds of amenities. And the tenants, they like their amenities. Got a big garage. There's a lot of moving parts to the management. And you have to always know what your expenses are going to be. If you're looking in South Florida and you're looking at older buildings, you better make sure you it passed its 40-year certification, okay? Because a lot of buildings close to the water are deteriorating, and they're going to need a lot of capital improvements to pass their 40-year inspection. So, do your homework. Luckily, this building here is only a couple of years old, so I ain't got to worry about it. All right, we went to some big shot outdoor stores, Restoration Hardware, outlet stores, looking for stuff. But you know what? I had the stuff I want sitting right here. And I'm going to take the furniture from the house and try it on the boat. And then I don't have to spend no money. But we got to clean it first cuz somehow I think the ash from the fire pit got on it and blew spots in it. It's going to take a little elbow grease to do it. Why are you doing it? — Why not? What am I too good? Cuz I'm saving money. Cuz if I clean this stuff up, then that means I don't have to buy Like new, baby. Like new. Now I found the chairs, but the next problem is getting them up there. The plan is I want to see you put one over your head. Hey, look. His hair matches the furniture. It's not wet. Look at that. HERCULES. — HERCULES. — Look at that. Now, just step up there and then maybe you can grab it from him. — Use the ladder to get higher. Look at that. Piece of cake. I love it. — I got it. Hold on. It's very slim now. — Yeah. — I could become a yacht decorator. Sell tomorrow. 6 and 12. — Six and a half. — Maybe take six after all the smoke clears. — This is literally maybe a minute after I arrive on the market. — How'd you get a deal? — Because I'm a persistent prick. And not a lot of people are buying boats right now, are they? When was the last time you bought a boat? Big shot. — Anyway, I love the boat. It's good. I might push it all the way to Nassau because I joined Albany with Tiger Woods and Justin Timberlake and all the big shots there. — I don't know what that is. — I of course you don't because you're a jackass sitting in the desert like a jack rabbit in the Nevada desert. — What's that make him? — He's got money. — You don't. All you got is what you've been mooching off of him. See guys like you. — It's good though. — Yes. But it's good. — All you do is mooch. — Yes, but how could you complain? — You're not a big shot. — Crumbs. He's getting the good crumbs though. — Yeah. — Listen, the last time I heard about the money he had in the bank, how much money can you raise right now in cash? — 600 grand. — Oh, he didn't know that. You're in trouble now, baby. — I'm surprised you didn't say, "YOU KNOW WHAT? YOU'RE FIRED. " Even a fat guy didn't eat that much. I think you got to do it. All right. — Yeah. — This was 4,000 ft. — 4,000 square ft. What are you going to do in here? Play ping pong? — Yeah. — All right. Well, that's brilliant. — I'm renting out the front house for 11 grand. — 11 grand a month? — Yes. — Where are you going to sleep? — I'm sleeping in my house. — In the old house with the roommates. — Yeah. — Very good. Congratulations. How much did you pay for it? The big game is almost here, baby. And there's no better way to cash in during America's biggest sporting event than Prize Picks, WHERE IT ALWAYS FEELS GOOD to be right. Prize

Picks app is simple to use. Just pick more or less on two to six player stat projections. If you get your picks right, you can cash in, BABY. I WON PLENTY of times. And now, Price Pick has early payouts. This week, Price Picks has a special max discount for the big game live in the app now. Drake May JUST NEEDS ONE PASSING YARD FOR THE MAX DISCOUNT to win. Just add another player to your lineup and if your picks hit, YOU CAN CASH IN, BABY. I'm picking Cooper Cup for more than one and a half reps. Download the PRIZE PICKS APP TODAY and use code Mala to get $50 in lineups after you play your first $5 lineup. That's Prize picks. It's good to be right. — I paid 1. 4 — 1. 4 million. You're gonna get a big space to play in and you're gonna collect $11,000 a month, which is 30 grand a year coming in. — What's your mortgage? — 57. — Out of the 11,000. What's your property taxes? What's your insurance? How much is it costing you to operate and own that place? All in. Utilities, everything. — How much? — 6700. — With taxes, insurance. Who's paying utilities? Splitting them. — I'm paying them. — You're paying them? — Yeah, but I have solar. — You're what? I have solar and there's no gas to the house. — You California. — So I'm cash flowing like 4,4200 a month. — And what was your down payment? — Like 400 grand, 25%. — So you're getting 10% return on your money and you get a free place to play. — Yeah. — Hey, if it works for you, God bless you. — I got a seven-year arm. — Seven-year arm. He's got an arm, but he ain't got no brain. Arm. Adjustable rate mortgage. So you What do you fix for the first seven? Then it goes to an arm. What do you got? Uh yeah, fixed for the first seven. And then — what do you fix that? — 5. 5725. — Okay, that's good. — Plus principal, plus taxes, plus insurance. You sure you got you sure your numbers are right on that? Don't lie to yourself like a lot of other people do out there. — Maybe $7,000 a month is what it would cost me. The thing is, I had to put a lot down, so I'm only I'm taking on less than a million. — I mean, you get 10% on your money. That's good. — And you got a free place to play and park Teslas. That's right. — Are you going to use it for a studio and all that [ __ ] — Yeah. — So, it's a big tax write off and I'm charging the iced coffee hours $0 in rent. — You should be because you make your whole life revolves depends on him. — That's good. Exactly. That's — That means you're finally bringing something to the table. — YOU GOT TO STOP SPENDING TIME with this guy. There's too MANY IDEAS. — IT'S ABOUT TIME YOU BROUGHT SOMETHING to the [ __ ] table except your [ __ ] appetite. — Too many. You know, we went, YOU KNOW, WE STOPPED, WE GOT OFF OUR PLANE, we stopped at Goldbergs, the best deli around. Guy comes up and you can't believe it, it's me. Blah, blah. He, he's telling me he came from New York and he went to Florida, did everything I did and he got away from the management company, blah blah blah. He went off on his own. He's getting ready TO DO A $5 MILLION refi from nothing because he watched my channel and the [ __ ] cheap bastard. All he did was buy our lunch. mother made millions from nothing from New York and he buys us lunch. — What should he have done? — Nothing. Listen, I'm very happy when people tell me success stories like that. I'm very happy. It's not about the money. — What are you doing? — Uhoh. Nice to meet you. — The mafia is here. — How's it going? I'm Jack. How's it going? Nice. — I don't like you skinny in shape. Good-looking guys. I got a $15 million possible tax bill hanging over my head right now. Question is, am I going to have to pay it or not? We just finished the podcast with Stephan Graham and his buddy Whack Jack at the Ice Coffee Hour. Don't forget, hit the link description and check it out. On our way home from Fort Lauderdale, I knew about a property that I've been looking to buy. I've been launching it for a couple of months. We ain't got them down to my price yet. And it's a value ad, baby. Look at here. This is value ad. It's a big beautiful complex, but there was a fire. I don't know how the fire affected two buildings here. That kind of I have to do some more investigation, but I was told there was a fire and they gutted the whole place. Problem is, they're starting to put windows in. So, the thing back together. I need to come in before they put it back together. and I put it back together cuz that's where your upside is. So, here we are out at night looking for a big deal. I'm much more motivated now to see the location. I see the condition and now I see the added value here that I'll have cuz this is not that difficult of a

build to do. The structure is already here. All I got to do now is come in and do all the finish work. Look up in there. All the plumbing and stuff. I don't know. I'm going to do some more homework. Currently, they have 250 units occupied, but there's 50 units I can build out, baby. That'll make it 300. So, I got to get it for the right price. I got to figure out how much it's going to cost to put these 50 units back online. Then I'll have 300 units. How much will it be worth? How much am I paying? Is there a value ad play here? That's what we need to find out. Two floors that I heard is actual elevators in the units, which really scares me. I can't imagine the cost of having to repair people's elevators if they ever break down. And if this place floods, the only thing that's going to flood is the garages, landscaping. Not much to do really. Get some fountains in the lake. It'll lit up. That would be real nice. What the hell is Gilligan doing now? What are you doing? Why are there six cars here when I ask you to do a simple thing? All you got to do is get some sand and fill it in the goddamn driveway. You turn it into a major [ __ ] production. What are you doing to me except costing me a fortune? — Do you know how much the paver company wanted? — Stop. Okay. You go out there and you spread some sand. — It's polymeric sand. — So basically, I think you're polyureic. The point is I ask him to do a simple job and what does he do? He hires an army to come do it for him. — Got 8,000 square feet. Put some sand in the cracks in the driveway and you turn it into a major production. — It is So, this is before and this is after. I want it done today. — You know, it's a process. But — we got pressure wash. — Who the hell's driving a Tesla? Whose Tesla is this? — You bought a Tesla. — Congratulations. It looks like you. And the reason why Rafal was able to buy a Tesla is because of every one of you. because if you didn't watch the videos, he'd be driving his broke down Mazda right now. So, make sure you say thank you to everybody. — Thank you very much. — And if you want to make some money and buy a Tesla, go to benmelon. com, consult with Ben, get me on THE PHONE. WHO ELSE DO you know you could talk to that's going to give you the real story? This is like a day off for Mike Winger. — This is easy money today. — Listen, what we're doing is we're going to God damn it. Everybody's saying, "Oh, you want $35 million for your house? " Yeah. Why? Because it's worth it. You got three lots here. They were worth 10 million a piece. That's 30 million right there. To build this goddamn house cost at least 20 plus. I'm giving somebody $50 million for only 35. But we're going to make the place picture perfect. Cuz when I sell stuff, I sell it picture perfect. and everything down to the cracks in the driveway are going to be picture perfect. We're testing to see is it worth spending $200 or $3,000 to fly home from Fort Lauderdale. Today is your test. So, we're on our way to the airport, but we're going to drop the rental car off there, which is a little bit more of a hassle than dropping it off at the private plane like we normally do. So, let's see if we can live with that. — So far so good. We got the rental car turned in. We got on the shuttle bus. We got off at the right terminal. We're smoking our last cigarette. And we're getting on a plane, baby. We make to the gate. And we got to stop for a drink, of course. That's why we got to get to the airport early so she can have a cocktail. But this is like taking her OUT ON A DATE. It's boring. You go to the private airport, you they take your car away, you get on the plane. THERE'S NOTHING TO DO. THAT'S TOO SIMPLE. This is fun. ARE YOU HAVING FUN? — I'm having a great time. — There you go. And we're saving money, baby. All right. We ran into a problem. Why? Because Carla packs a blender in her goddamn bag. The cup with blades on it. Who does that? Okay. So, now she just lost the blades to her blender trying to get through security. — Okay. My defense, I totally forgot about it. — You know you drink too much when you got to carry a goddamn blender around in the airport. We found the right gate. — Okay. Long story short, this guy here who's doing big time stuff in Canada is bought us lunch and we're going to take a picture with him. Look, he's even got his glasses. Okay, these guys are from Pittsburgh. I'm not talking to them. All right, cuz I don't trust nobody from Pittsburgh. We made it. — Almost didn't make it, but Benjamin, — you see? — Okay, so let me ask a question. Is it worth it? Is it still worth it? — So far, I'm still okay even though they changed the gate three times, but we haven't made it there yet. We'll find out. What's rule number one? Save and money. — Yeah, she saves all her money and spends mine. — Look at that. She even got the comfy seat. We went big time. First class on silver, baby.

— And I brought my own drink, too. — Buddy, — what are you laughing at, lady? — Did you hit your head? — Yeah, I hit my head getting out of the seat. That's right. It's a spirit flight. We made it back to Tampa. Here we are. Will I do it to save 2,800 bucks again? Hell yeah. I'll do it. — You know what's funny? — I saw the guy that fixes your boats. — What's funny besides your ponytail? — Yeah. Yeah. I saw the guy that fixes your boats inside of Walgreens. I said, "Man, that guy looks Yeah, that's what he's doing down here. What's he doing my [ __ ] boat? " — Of course he is, man. Got to get that thing done, man. Like, I watched your so much of your content. — Yeah, but are you doing anything? Are you buying anything? Are you trying? Are you saving? We're saving. — All right. But get you get a you apply for FHA loan. — I haven't yet. — Do you have an income? A legal one? — No. — Oh, there you go. — You know, — I can spot a guy out of the way. — Yeah. No, — that's fine. — I mean, you know, you got to get loans. You need the bank's money. — No doubt about it. — You can't I mean, you save up for a small down payment, but you got to get work on the bank. — I will. — That's what it's all about. — 100%. — But you got money for this fancy car, don't you? What is it? — I know. It's Don't look at it too hard. It's a few different colors. — What the hell? What is that? A 400? It's a 400R. — Yeah, but that 400R, it was an upgrade. — Yeah, it is. It's an upgrade. You want a picture? — Uh, yeah, dude. I would love a picture, dude. I completely forgot. Oh, yeah. Five bucks. I got you, bro. No problem. — That's so crazy. — Hey, thanks a lot. We appreciate it. You guys have a great night. Thank you. — We don't want to see your [ __ ] bare hair chest hanging out. — You know what? beauty. — Listen, I'm just trying to get like — I hate guys like him in shape. Look at him all in — shape. I'm trying. I'm — solid, man. — Thanks, bro. I appreciate it. — You guys have a great night. — You too, brother. — Oh my god. — Real estate. — How are you? How are you, brother? — Nice to meet you. — Thanks very much. I appreciate it. — I love how you do your kids, man. — Well, if you're in construction, you're one step ahead of everybody else in real estate. — Oh, yeah. I get stuck on plaster ret. — Well, then you need to be finding stuff you can add value to or fix it up. Listen, I make friends everywhere. We stopped in a Walgreens and I'm meeting people. I'm getting contacts. That's the way you got to be in life. You got to network. The more people you know, the more [ __ ] you can do. Hey, I appreciate it. Thanks very much. — Yeah, man. — Now, another message FROM MY MOTHER. SHARE THE GODDAMN VIDEO, YOU SON OF A [ __ ] I'VE BEEN SAYING THAT FOR AN HOUR. — DON'T FORGET ABOUT OUR SPONSOR, Prize Picks.