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In this episode, Brett McCollum interviews Nate Fugate, who shares his journey from military service to law enforcement and ultimately to real estate. Nate discusses his initial foray into wholesaling, the challenges of transitioning to flipping properties, and the realities of experiencing losses in the real estate business. He emphasizes the importance of adapting to market changes and introduces his new initiative, Equity Bridge Solutions, which aims to assist homeowners in need of financial support while selling their properties. The conversation highlights the resilience required in the real estate industry and the innovative strategies being employed to navigate current market conditions.

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Investor Fuel Show Transcript:

Brett McCollum (00:01.343)
All right guys, welcome back to the show. I’m here today with Nate Fugate and today we’re gonna talk about Equity Bridge Solutions. Guys, before we get into it, at Investor Fuel, we help real estate investors, service providers, and real estate entrepreneurs to 5X their businesses to allow them to build the businesses they’ve always wanted and allow them to live the lives they’ve always dreamed of. Without further ado guys, Nate, how are ya?

Nate (00:21.774)
.

Nate (00:26.44)
I’m alright man, how about yourself?

Brett McCollum (00:28.547)
I’m doing good man. We were talking pre show It’s almost like you and I were destined to be rivals forever. I’m you know, we’re in Opposing sports fan country, you know kind of thing. So but I’m I kid I kid Nate’s great guys You’re gonna we’re gonna have a great show for you and I cannot wait to talk to Nate and get get you guys to know him a little bit better Nate tell me a little bit man background. Who are you? How’d you get in real estate?

Nate (00:57.422)
So I joined the military right outside of high school. And when I left the military, I went right into law enforcement. And then 2019-ish, I started realizing, well, I want to do something more. wanted to have something. I wanted to do, I wanted a goal, right? And it’s just really hard to do on a normal nine to five, no matter what you do or how much you make.

Everybody wants a goal, right? You want something. And so, honest to God, I had like a million things in front of me. You know, I was, know, everybody wants to dabble in everything, right? Shiny object syndrome. I was probably the definition of that. had, I mean, affiliate marketing, everything in the world, and I had all this stuff in front of me. And I literally like, I just prayed one night. I was like, my God, like what do I do? And then I had this fortune cookie.

And this is a true story. I got a fortune cookie and it said, he who chases two hares gets neither. And so I was like, oh man. So, you know, I wish I could say, well, I just fell into it. My parents did it, whatever. And I found this breakthrough and whatever. It’s not the case. I actually just chose it just because I saw myself. You know, I was trying to dabble in too many things and I just said, it’s real estate, or die with it. It’s real estate. And so I got started. started…

Brett McCollum (01:56.289)
you

Nate (02:21.803)
looking people up and doing some research and then the rest is history.

Brett McCollum (02:26.194)
man, fortune cookie for the win, huh? Man, I’ve talked to a lot of people and I don’t think I’ve had anybody ever tell me, how did you get your start? A fortune cookie. That’s so good. No, but, all right, so you went military out of high school. Did I catch that correctly? What branch did you serve? Army, very cool, thanks for serving me. We appreciate that for sure.

Nate (02:41.612)
you

Nate (02:47.884)
Mhm. The army.

Brett McCollum (02:55.51)
Army to law enforcement. What brand? Wow, okay. Very cool. And how long were you doing? Was it a four year term in the military and then how long in law enforcement?

Nate (03:00.151)
and security.

Nate (03:09.998)
Uh, just a couple of years. Um, we did, I did from, was like 2018, 2020. Uh, and unfortunately, and, and, uh, on the federal side, um, when you’re the new guy, you’re the new guy if you’re under like five years or something. Uh, COVID, um, you know, obviously there was a lot of post-missing, missing, uh, and then there was, obviously there was those layoffs. So I was one of those, uh, new guys who was, uh, was a part of those layoffs. So.

Brett McCollum (03:24.576)
Wow, yeah.

Brett McCollum (03:36.855)
Sure. Yeah. So it was an army, it was a four year term, I imagine. Six. Wow, good for you, man. That’s amazing. Wow. So yeah, it’s funny, like in our world, in the real estate world, like you hear a lot of, there’s two or three of like very common real estate pros like in their backgrounds. It’s either you were an ex athlete, right? Your ex military.

Nate (03:42.862)
All

Brett McCollum (04:06.054)
Or, and now I this is a weird one, because I literally just interviewed somebody yesterday, you were in jail at one point.

Nate (04:12.206)
you

Brett McCollum (04:13.386)
Dude, you think I’m, like, I know it sounds silly, but like, the most successful people I’ve met in real estate have, it’s kind of in that, like, you were ex-athlete, ex-military, or you’ve been to jail. And I don’t know what it is about, like, the mentality of that, you know, you coming out of military that makes you successful in real estate, or athlete, I don’t, I don’t, it’s, maybe it’s a discipline thing, probably, I’m gonna imagine. But that’s like,

It’s kind of interesting, know? So it’s funny you say that. I didn’t know that you were in, we didn’t talk about that pre-show, so that’s really cool. So 2019, you said you kind of got into where you, where the fortune cookie told you, let’s get going. What kind of, what did you start with? Was it flips? Was it wholesale? What was it?

Nate (04:56.696)
You

Nate (05:02.766)
It was wholesale. I started, I just really wanted to take massive action. I, could, the time I couldn’t afford these massive courses. And I think if you remember, there was a massive gatekeep at that time in 2019 of like wholesaling information and you had to pay. I mean, if you even wanted a dribble of what wholesaling was, I mean, you had to pay for it. It was expensive. And I, you know, I wasn’t one those guys who could afford it. here I am.

You know, I’m just YouTubing stuff and trying to figure it out and then finally

Brett McCollum (05:34.496)
How did you hear about it in general? Do you remember?

Nate (05:37.178)
I was looking up, I believe it was, I don’t remember, I was some guru, can, I don’t remember who it was now. They were talking about different ways to make extra income and, you know, he was named, he was, he was name dropping people. I think he named drop Wholesale Inc, you know, for wholesaling and then he named drop like, you know, another marketing, you know, this marketing guru if you want to be in marketing. And then, you know, I, I think he was just.

Brett McCollum (05:55.254)
Mm-hmm.

Nate (06:05.09)
I don’t know, he was just spouting out different ways to make income and the people that could teach you that. And though I did it, I wanted to go through wholesale ink at the time. It was really, really hard because obviously I wasn’t in the financial position to pay what they were asking at that time. And then luckily a guy by the name of Sean Terry, yeah, he came out with a small little course and I cannot remember what it’s called.

Brett McCollum (06:26.134)
Flip through freedom!

Nate (06:34.414)
I believe it was called something along, what was it, Small Flips. I can’t remember what it was called now, but he was only charging like 300 bucks or something for it. It was just like a basic wholesale course and I bought it. And it was like, I had 500 bucks to my name and I bought that course. And I mowed through that course. I I went through it really fast and immediately started taking action.

Within about three months, I was calling for sale by owners. Obviously most of them were telling me to kick rocks. And then I had one and I was just honest with them. I know most people take the approach of, well, I wanna buy your house cash or whatever. I didn’t do that at all. I actually just approached the homeowner. I gave him a call, asked to meet with him. I met with him and I said, listen, I’m a wholesaler. This is what I wanna do. They had it listed for sale by owner.

In the city that I live in right now here in Tecumseh they give us for like 65 grand and I said hey You know, want you to take this off of Zillow And you know, I don’t think you’re gonna get 65 grand for it It needs too much work, but I think I can get you 10 and they said okay if you could get me at least 10 grand Right. Nobody’s even called them because they saw the pictures If you can get me at least 10 grand and we have a deal And I had turned around and wholesaled it for 12

So I did, they knew I was wholesaling it. I told them to start to finish what was happening and that ended up being my first deal.

Brett McCollum (08:10.294)
Amazing. It’s so funny, we have some crossover there, you and I do. My first introduction to wholesaling was also Sean Terry. 10 minute, watched a 10 minute webinar and I did my first deal from the 10 minute webinar. Yeah, that’s pretty crazy. Yeah, so, alright, so you’re wholesaling, you’re doing that and then what’s been the progression? Like, what’s been next for you?

Nate (08:19.693)
Yeah

Nate (08:26.35)
Amazing.

Nate (08:36.376)
So we started off wholesaling. I ended up partnering up with somebody. We ended up creating another company. Partnerships are okay like anybody else, Anybody that’s partnered with anybody knows that there’s ups and downs there. I got a partner and we were pretty successful. I found this guy and…

late 2020, we ended up officially partnering in 2021, took massive action in 2021, took insane action in 2022. That’s when we started flipping. I think in 2022 we grossed just under 1.8 in wholesale business. So we decided we were gonna be big dogs and we were gonna flip. And so we started flipping. And honestly,

It’s been a roller coaster journey for sure. If I said it was all sunshine and rainbows, I’d be lying. There’s the side of the business that a lot of people don’t like to talk about. feel like those things need to be addressed as well as the successes and stuff. there’s been deals where we’ve made six figures on, and then there’s deals where we’ve lost six figures.

Right? And then, you know, nobody really remembers the deal that you made all the money on. Everybody remembers the deal that you lost. Right? and then the losses are far more detrimental than the wins. So, you know, as far as impact. But we’ve done well. You know, a lot of that was on me as a leader. You know, just taking risk. And yeah, so we’ve, you know, we’ve…

Brett McCollum (10:06.518)
Absolutely.

Nate (10:25.004)
We’ve done really well. We’ve had this roller coaster, but now we’ve got a completely different thing that we’re doing. We’re adjusting with the market. So yeah, we’re still doing some flips here and there. We do wholesale, and then we have our new program.

Brett McCollum (10:40.81)
Yeah, well let’s rewind yet, because I do want to talk about that, but let’s rewind a little bit, because you’re not wrong. And I think people more today are saying, yeah, we should talk more about failure. I think it’s starting to become a little more common, fortunately, for people listening. Not to scare people, but to realize that it’s more common than people think. And I think that needs to be highlighted a little bit. And by the way, my definition of failure is not

is really just don’t try, quit trying, that’s failure, right? So when I’m talking about I was like, I lost six figures on that deal. So, I can agree, I’ve personally, I went through that with you, man. I was like, you know what, now I’m the big dog, gonna be flipping all the houses too, as we do. And I understand what it’s like to lose. And that part is,

You know that when you get into it because we’ve been around this for a long time and you’ve heard, I mean, I’m sure you’ve heard people around you like, yeah, I mean, if you’re in business long enough, you’re gonna lose. You’ve heard it said, but like, it doesn’t, at least for me, it didn’t really ring through until it happened.

You know, and because like I had this run for years of like win, win, win, win, win. All we do is win, you know, and then I hear these people losing, but like not me. And it wasn’t even out of. Not humility, wasn’t like a lack of humility, it’s just I I didn’t think I I just didn’t have the belief system that I could lose.

Nate (12:20.654)
Mm-hmm and you know and if you know I could go in one in particular just to give people context right so you know I agree with your definition of failure 100 % because I mean it’s you know if you know let me back up here so I don’t care you know you get into this business there’s a few things that are gonna happen right you grow enough you’re gonna have employees we’ve had employee we were up to I think 13 employees at one time

There’s some guarantees that are going to happen, right? You’re guaranteed you’re going to lose. It’s going to happen at some point. You’re going to take a risk. And then one particular deal I want to talk about because we did everything the right way. Our hard money lender assessed it. We assessed it. We got it appraised. Our private money lender assessed it. My partner assessed it. That’s five real estate professionals that assessed this property. And then I turned around and got one of my former partners who was an agent had him assess it.

Everybody said that deal was a good deal. We lost $102,000 eight months later. So it is going to happen no matter what. things are going to happen. We’ve had employees take our deals, work them on other CRMs, and close behind our back. Those things happen. And if the powerful decision isn’t saying, well, I’ll just keep it all to myself, or I won’t do this, or I’ll make sure I’ll keep everything, it’s going to happen. The powerful decision is,

is understanding that those things can happen, but choosing to do it anyway, right? You can clean that stuff up. I mean, it’s going to happen. Like we’ve had it happen. I I thought it was never gonna happen to me. I’m just gonna create this amazing culture in my business. And we did have a phenomenal culture in our business. We had a great culture at one point, but it didn’t, it doesn’t stop people from doing things that they’re going to do. I mean, at the end of the day, you don’t know what people go through. You don’t know what they’re doing. Turns out this guy had worked for us for three years.

awesome acquisition guy. He grabbed one of our other employees and they took off to another brokerage and they were working our deals from that other brokerage for months without us even knowing. like those things happen but I don’t look at that and say well you know I’ll just never again. I look at that and it’s a lesson learned. At the end of day they didn’t fit into the culture. It is what it is. I’m not gonna spend a bunch of time and energy worried about it thinking about it.

Brett McCollum (14:27.594)
Nowhere.

Brett McCollum (14:35.435)
Right.

Nate (14:42.35)
I don’t think about the deals that we lost. Honestly, I think about the future and like, hey, well, I’m glad I didn’t take them to the next level with me. That’s kind how I feel about it. But those things are going to happen. It’s going to happen. And the powerful thing to do is to choose to move forward anyway.

Brett McCollum (14:49.237)
Mm-hmm.

Brett McCollum (14:58.742)
Let’s keep going, yeah, let’s keep after it. Yeah, I love that man. that’s, mean, I’m glad you shared that story too, because I mean, that’s not a small loss, you know what I mean? Like that’s not a, that’s it, you know, and I, we could trade stories, you know, and almost very similar, you know, same thing, you know, eight months later, like literally timelines the same, you know what I mean? Like, man, but it’s a, you know, that’s why it’s important to understand, like, there is real risk involved in this.

the mindset, let’s say that, of even if that happens, I know it’s gonna be hard, but I’m gonna wake up tomorrow and choose to keep trying anyway. I think that’s very powerful that you said that. Cool, I’m glad we went back and did that. Pre-show, we were talking kinda like where you’re leading to, and you kinda touched on a little bit where things are at today. And we kinda talked, we even touched on it on the intro, the Equity Bridge Solution thing. It’s cool.

Nate (15:39.48)
Yeah.

Brett McCollum (15:59.095)
I think it’s a cool thing that you’re doing and adjusting and adapting with the market. That says a lot about you as a professional. I don’t know if you guys have heard of the book, Who Moved My Cheese? If you haven’t read it, read it. It’s basically what we’re all going through in the real estate world today of like, it’s different than it was yesterday. Who moved my cheese? Go find it. This is kind of a who moved my cheese moment. And unpack a little bit, man. What’s going on today? What are you guys doing?

Nate (16:08.193)
No.

Nate (16:21.134)
you

Nate (16:28.376)
So we came up, we’ve been wholesaling and whatnot and we’ve noticed, I mean everybody’s noticed the wholesale market has definitely dried up a little bit, right? Especially our market where we don’t have a lot of those higher value properties and say is like a Pennsylvania where you have Philly and then you have Pittsburgh. We have Detroit, which is, everybody knows what Detroit is, right? Your value I think is average at like 50 grand or something.

One of my mentors told me this. Sure, you all know a man by the name of Pace Morby. Pace is one of my mentors. I’m in his sub-two group. I’ve been there since 2021. And something that he said about a year and a half ago, I’ll never forget. And he said, the worst mistake you could ever make in your business is thinking that it’s always going to be the same when it’s good.

Brett McCollum (17:26.112)
Yeah.

Nate (17:27.278)
And so I’ve made that mistake a lot, right? Shifting markets and what works in a year ago does not work today and then work the year before that didn’t work last year, right? And so, you my thing was just feeling like, well, I mean, it doesn’t matter, you know, what interest rates are because demand is demand. And, you know, it doesn’t matter, you know, what, you know, if values lower 10 % in this market because I buy them good enough and it just doesn’t work that way. What works?

a year ago will not work today and will work right now, may not work a year from now. And so we wanted to come up with a solution because we had a lot of leads in our CRM. We would pitch the novation, we would pitch wholesale, and they just weren’t there. We’re seeing a lot of those sellers who were in that middle ground who they have a lot of equity in their property, the property needs to be repaired, or they just have a lot of equity and then they do want to sell but maybe

Brett McCollum (18:02.069)
Right.

Nate (18:25.998)
They’re just not open to taking that cash off. Or we break it down, I do it the RJ Bates style. I break it down for them, show them what we’re looking to make, show them the kind of repairs that it needs, and I let them. We do the whole nine yards. We’ve been doing this a while. We know how to screen a good deal. But for the most part, we were just finding what we would do in 2022 where we would close five deals in a month, or we would lock up two contracts, three contracts a week sometimes.

I mean, that very same method is getting us maybe a contract every week and maybe a closing every two weeks or something like that. So we wanted to come up with something that was a little bit different. Novations are good, but we’d pitch the novation and a lot of times, sometimes they’re open to it, but then you’ve really got to…

that equity protection program, gotta really sell the value on that. And I wanted something, I don’t have to sell the value. I just want them, I want the value to be there, but I want it, and I’m a lazy person. I’m actually kinda lazy at heart, so I don’t wanna have to sit there and sell somebody something that may or may not work for them, and I just don’t do it. That’s why I was such a good wholesaler, it’s because I didn’t have to sell anything. I just told them what I could do and what I couldn’t do.

And so I’m just not good at selling value. I’m just personally not that great at it. So I wanted to do something where the value is there and I didn’t have to sell it to them. They could see that value when I made that pitch. So I said, well, what if, cause we had, I mean 60 leads in the last six months who had tons of equity in their home. Some of them were even falling behind on payments. And then,

but they weren’t ready to take that cash offer and maybe they had tried to list it and then it didn’t work out because the property needed too much work or maybe they haven’t tried to list it yet because it needs work, the agent told them to clean it up. And so I said, well, what if we could come up with a solution that would take care of some of those cash needs that they have right now and then we could still work with these homeowners, whether it would be wholesale, whether it would be listing the property.

Nate (20:47.982)
Like what if we could come up with something right now to take care of that immediate cash need and still be in control of that sale? So We you know, I came together with a couple of my private money lenders and I said, okay Well, you know what could you know, what could we do in order to add value to the homeowner? But at the same time, right they don’t have to give us You know, we don’t have to get their house for For like a cash price, you know the 70 % repairs and that’s why

all that. know, we didn’t, that first meeting, we didn’t really come up with anything productive, but then it hit me. I had actually, a homeowner asked me, said, hey, well, do you guys do loans? I said, no, I mean, we don’t do loans, know, that’s the, we’re an investor company, we’re not, you know, I’m not a hard money lender. But then it hit me and he said, cause he came back and said, yeah, I mean, if I just had like 10 grand in my pocket, I’d sell you this house.

And I said, well, hold on a minute. 10 grand, how fast? He said, I need it in the next week. He’s like, then, like you guys could, he’s like, but I need it in the next week or this isn’t gonna work. So I got in touch with one of my lenders. And again, it’s not hard money because they’re not doing credit or they’re not doing anything like that. They’re not checking income or anything like that. I said, okay, well, what do you owe on your property? He said, it’s free and clear. It’s $180,000 house.

And so I said, okay, and so I talked to my lender, said, well, what if we could pull title, we can give them an equity loan, I’ll help facilitate all of this. I’ll be in control, they’ll sign the purchase agreement or the listing agreement, whatever we’re gonna use to do this thing. I’ll bond that and then we’ll do a performance note, mortgage note, we’ll do it the right way. You put you on the insurance before closing. We’d get this done like the next three to five days. Are you interested in this? And we’ll give you a normal 15%.

money, they’ll pay you interest payments, all that. Yeah, yeah, that sounds good. Yeah, sure. We got him the money in about six days. We did end up getting that deal. We, I believe that first one, he paid us a management fee of $2,500 at the end. And then we got to list that property as a novation. I think we ended up

Nate (23:12.654)
our very first one we made around 23, $24,000 on, because we were able to kind of solve that problem. And then it came up where we had a second seller. He just wanted to list his property, but his house just, mean, that had the red and yellow colors and the countertops were yellow and all that. He wanted to make updates. He didn’t have the income, he didn’t have the credit, so I came back and said, okay, well, what if we could…

Brett McCollum (23:32.333)
huh. Yeah.

Nate (23:39.534)
get him the money to do that, we’ll be in control of the full sale. I’ll help him manage it. he can’t make the repairs himself, we can do a draw system and get him the money. And we were all on board. I talked to them, like, hey, what if we can make a system out of this? We had the conversation right there and then. Like, hey, if I can get more lenders in on this, what would this look like? And so long story short, the house is worth, I believe the ARV on it was like 200,000. The house definitely needed about $20,000 of updates.

We ended up getting him a $35,000 loan. I charged a $5,000 broker fee. I charged a $2,500 management fee. And when I say management fee, I just call the contractors. We’re using the money that they got, right? I mean, it’s not my money. My risk is so low, right? Because I’m not using anything. I’m just calling the contracts and saying, hey, could you replace these cabinets? What’s my quote? Can you go?

paint this wall, know, it’s can you tear down that plaster and put up drywall. They’re minor repairs. And so they’re gonna pay a management fee and then I’m getting the listing at 3 % in the end. So I get paid my management fee and I get the listing at the end and I made my broker fee at the beginning. And so now, I mean, this is a very new, this is a very new program for us. just, you know, this has just only been since, know, beginning of November, we kicked this thing off.

But I mean, we probably have, I mean, since then, this month, I think alone, we have 40 inquiries to do this. All the people, you know, they have, because we screen them very well. We put right there in the form, you have 50 % equity, what is your home worth? Where’s your location? Is your value over $100,000? And so the lenders are able to secure their note. We go through a title company to do everything.

Brett McCollum (25:29.632)
So you can secure it against both the frame clear, but then also against the equity if it came to it. Yeah.

Nate (25:33.966)
Yes. Yeah, yeah. So we put them in second place or a lot of them, a lot of my private investors are just opting to take first place and take over the original loan is what I’m, what I’m saying. So like, you know, they, they owe 60 grand on their $150,000 house. And then my, lender is coming in and saying, okay, well, you know, I’ll loan them an extra 30, but I just want first place. Let me just loan them 90 grand.

Brett McCollum (25:56.609)
Yeah, it’s a little safer, right, for the lender. Yeah, they don’t want to be in second position.

Nate (26:00.782)
Yep, yep. So, you know, we charge our broker fee, we get paid that upon the first refinance when they get that money, we get paid as well. And then we charge our management fee that which gets paid at the end, depending on how big the project is, you know, we’ll, we’ll determine like what that will look like. And then we’ll get paid when we sell the house because they write up on your when we have we give them we get them a proposal right away. It’s a really awesome proposal. It just stays there’s no guarantee of funding. We do walk the house at least one time.

And we’re only operating here in Michigan because obviously this is where we’re licensed and it’s easier to get walkthroughs and stuff like that. But it’s subject to walking through the property, the proposal doesn’t guarantee them anything, but when they sign that proposal, they also sign off on my listing docs. Or if we’re wholesaling it, they sign off on the purchase and innovation agreement. They sign off on everything right there and then, so they know what we’re making, they know what the broker fee is, they know what the lender fees are, they know what everything is right up front.

Brett McCollum (26:56.618)
Yeah. Yeah.

Nate (26:57.664)
and nothing hidden at the back end. say, hey, if you got any back taxes or anything, you know, that, yeah, perfect. Yeah, it’s perfect. So they sign off on that. And then the only thing we wait on are walkthroughs. You know, we just gotta get people to walk through them or we walk through them ourselves just to verify the pictures and whatnot.

Brett McCollum (27:01.342)
I I’m ready to do it. Yeah.

Brett McCollum (27:14.858)
Yeah, well that 30K actually flipped this house, yeah.

Nate (27:18.158)
Will it flip the house? We’re doing a couple right now. We’re doing one right now in Ann Arbor, Michigan where the house doesn’t really need anything and they own it free and clear. It’s a $290,000 complex. Beautiful property and she just wants to take 120 grand out. She’s refinancing her personal home and that’s going to take 45 days per her lender.

We talked to her lender, lender, yeah, yeah, you know, this is just gonna take a little bit because of the amount of money she’s asking out of her personal home. She’s trying to get a large amount of money out of her personal home. So, you know, this is just a bridge of gap. She’s like, hey, when I refinance my personal home, I’m pay you guys off. She’s like, just give me 90 days. And so I’m charging, I don’t need a management fee or anything like that.

Brett McCollum (28:04.918)
But worst case scenario, you’ve got that 120 against that free and clear property of 290. Yeah, that’s beautiful.

Nate (28:11.566)
Yep, she’s gonna pay us back. And then she’s got two other properties that she’s getting ready to sell and that she wants to fix up and now she’s interested in doing those two properties as well. So, and the beautiful thing is we’re telling these homeowners, no, we’re not checking your credit, I’m not checking your income, it’s asset-based, I’m gonna help you out with this whole thing. And the reason we’re, essentially, that’s exactly what we’re doing,

Brett McCollum (28:24.342)
Pretty cool.

Brett McCollum (28:32.65)
You’re helping homeowners flip their own house. Yeah.

Nate (28:38.018)
You know, we got one where now I’m charging a $10,000 management fee, right? Because the rehab is a little bit more, but I mean, I’m not even the project manager on that, right? There is an actual project manager on that site. I mean, it’s beautiful thing, man. And so we’re able to help the homeowners, because I don’t have to sell the value, right? The value is that we’re not checking their credit, we’re not checking their income, they get money to fix up their house to sell it for top dollar, or they get money to f-

to satisfy that immediate cash need, right? And so now if I wanna do an ovation or I wanna list the house, right, I wanna wholesale it. I’m able to do that because their immediate needs are getting met, we’re fixing up the house, they’ve already signed off on all the agreements. It’s been really nice so far.

Brett McCollum (29:22.346)
Yeah, dude, that’s a great, I love the model. It’s definitely a kind of a twist I haven’t yet heard of, you know, and I love the, it’s very marketable, right? Flip your own house. You know, I love that. It’s really cool. Well, man, I wish we could talk forever. This is incredibly interesting and maybe we’ll just have to have you back on and just break it down a little bit further for us. But man, before we kind of get out of here though,

Nate, do me a favor. If people wanted to reach out to you, maybe they want to learn a little bit more about this. Where would they go?

Nate (29:54.682)
You can email me nate at allinhorizon.com. You can look me up on social media. And you know what, feel free to shoot me a text, 517-442-9585. That’ll come straight to me. I might launch a Facebook group or something. And if you want to learn more about it, I can go into that Facebook group and maybe teach a little bit more about it, how to acquire private learning to do this, and et cetera.

Brett McCollum (30:21.718)
Dude, guys, I’m serious. I will be person number one in there with you, right, Nate? This is amazing. I encourage everybody listening to reach out to him. It’s a nice little pivot, and especially in today’s market. We’re talking about the risk and stuff like this is a lot. This is really cool, Nate. So thanks for sharing that with us, Like I said, follow him. Get on with him. Guys, he gave you his phone number. He’s a little crazy for it, but he gave you his number.

Alright, reach out, okay? But with that being said guys, it’s been a great episode. Please be sure to keep tuning in as we keep learning new strategies in real estate. And until then, we’ll catch you guys on the next one. Take care everybody.

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