Just another BuschytaleZ Confession
And since THE HOLY CHURCH OF OUR ANOINTED SAVIOR was mine, for a few,
What did that make me?
BRING IN THE OIL... lol 🙂
My greedy friends tell me I`M AN IDIOT but my giving friends say I`M THE MAN?
THIS IS THE DEAL THAT CRASHED MY BUSINESS BUT SAVED MY SOUL
I made no money on this dal, NADA, but I made points in heaven and Karma still smiles at me 🙂
BIG FAT DISCLAIMER: Nothing here is real but exactly as I remember it.
FROM THE BEGINNING:
A cool perk of doing business my way (I BUY REAL ESTATE ALL CASH AS IS) is that you are considered "for real" by bankers so the often call you to unload their REO properties.
A good business friend, REO manager for a huge nationwide bank called me one day and made me an offer...
Dario, I have a gospel church for you really cheap but you have to give me your commitment right now ¨site unseen¨.
Well, that got my attention, shoot I said.
We foreclosed on the loan, the pastor and his wife live in the upstairs of the building and we don`t want to evict them to sell it, we are Christians, he said.
So you want me to do it huh? I said.
Right, and you`ll make a killing doing it, only $450,000 and it`s worth at least 2 million, no work needed, it is occupied and used daily by the congregation he said.
¨SOLD¨ I SAID
I drove down to the building to ¨negotiate an amicable move¨, which basically is a mutually agreed upon eviction, I met the pastor and his wife
Pastor Mathew and his wife Malory were so super nice I felt like shit having to tell them that I just bought the building and are here to negotiate them moving out.
I WAS SILENT BUT BLASPHEMY UTTERED FROM MY EVERY PORE
There was no way in hell I was doing it, NO WAY IN HELL
I had done it t hundreds of times in the past, that`s why the banker called me
BUT THIS TIME SOMETHING HAPPENED AND IT WAS SIMPLY ¨NO WAY IN HELL¨.
So instead I told them I bought the building but not to worry because they could stay in it... FOR FREE...
What a fucking promise from the top of my head, lol, I`m such a dumbass...
Now I had to fulfill my promise and here`s how I did it:
1) I flipped the building to one of my investor clients for $1,500,000.00 (one and a half million)
2) I gott him a good low rate loan so that what Pastor was paying to the on the old loan would cover my buyer`s new loan
3) I donated all of my profits, $1,050,000.00 (one million fifty thousand dollars) to THE CHURCH OF OUR ANOINTED SAVIOR to be used towards their rent payments, thus making their occupancy of the building TOTALLY FREE.
I MUST CONFESS THAT THIS WAS THE MOST REWARDING DEAL I`VE DONE IN MY ENTIRE LIFE
You see, I did this WAY dramatically... just to impress a girl (my girlfriend at the time)... with WICKED EFFECT:
My girlfriend and I walked in to the church on Sunday mass after I had closed on the sale of the building that Friday.
It was a gospel church so there was some mega groovy James Brown type stuff going on.
I kind of danced in James Brown style as I waived to Pastor who waived back and signaled me to come forward to the stage.
Pastor knew I had closed on the BUYING of the building and I`m sure he wanted all details about his staying FOR FREE.
When the band hit the last chord of that mega-funk, I walked up to the stage.
Pastor introduced me to his congregations as ¨the new landlord¨...
I interrupted him saying ¨Forgive me Pastor for I have failed you... I got rid of the building... I sold it instead of keeping it... one of my clients is your landlord now, I`m out of the picture but have something to say to you all.
Everyone in the congregation was aware of the bank wanting to evict them so a ooooooooh went across the congregation, so they didn`t know how to react, to be happy or sad or laugh or cry.
I felt them actually saying inside ¨NO SHIT, NO PLEASE NO¨ in their Christian humble way
I had come to save them but I had failed, at least that`s what I said...
Then I continued by saying ¨Your new landlord will be sending you your payment coupons to pay the rent, I have no cue how much it will be but I know him and he is a fair guy but to fulfill my promise of you staying for free, here is my donation to your church, the $1,050,000.00 I made on the sale of the building, I cannot keep it and want you to use it towards your rent payments or in any other way you see fit¨.
AND HEY... HOLY FUCKING SHIT IN HELL... THE CONGREGATION WENT ON FIRE
Not real fire, Great White was'nt playing, lol, SPIRITUAL FIRE
The band cranked out a super groove, the choir began their hallelujahs, and the entire congregation joined in singing.
I did a James Brown style slide walk to the edge of the stage, grabbed the cashier`s check from Andrea`s hand (my girlfriend at the time, and slid back in the same James Brown sideways slide bavck to Pastor holding up the check, and handed it to Pastor, it was craaazy, Wo! I feel good, I knew that I would now.
I STARTED TO CRY LIKE A LITTLE GIRL I T WAS SO EMOTIONAL
No money in the world can make you feel like that, NONE.
Obviously, It got me totally addicted to it, worse than heroin.
I had to do it again, and I did, I did, I did
I stopped making money for myself, just gave it away to foreclosure victims, similar scenarios with all types of organizations and families in trouble, banks suck.
Can you do the same thing?
Sure, I¡m not that special, especially if you want to, it feels awesome, but first you must learn THE REAL ESTATE FUNNEL, join the club 🙂