Millionaire Phenomena - Property: JOSH HUNT (continued) business.
My Move into Property But I found that the bank would give me money for property. When they told me they’d give me 80 per cent. I thought that’s fantastic because that means I’ve only got 20 per cent left to find. I’m just about there. So I thought what I’m going to do, I’m going to go into the property sector. I’m not going to sell it. I’m going to find a way to actually get this extra 20 per cent and I’m going to get the bank to give me the rest.
day and I thought I’ll go and – anyway, I came up with this fantastic plan and the vendor actually agreed with it. He said, yes, no worries, you’re on. So he thought he’s going to get his price and all the rest of it. So all of a sudden I’m in the property market. Now, what I’ve got to do, I’ve got six months and so I work out in this six months, what do I need to do to actually increase this property’s value by at least 20 per cent so that I can actually buy it. So I worked out my time lines and my renovations and all this sort of stuff and I came up with this fantastic plan and this is my third point.
So what I did, I went to – I found this property on Buderim Hill. Now, if you know the Sunshine Coast, Buderim Hill is a nice place and there were a couple of limiting factors with this. It was an absolute renovator’s delight and had some big trees in the back yard and it was a real mess.
I went and saw my solicitor. I didn’t actually know what a solicitor did at this point of my life as far as property conveyancing is concerned. I knew of plenty of other solicitors. The correspondence that I’ve ever had from a solicitor up to this point was always negative – pay me, you bastard, you know, this sort of stuff.
So what I did, I went and I negotiated the deal with the vendor.
So I went to this solicitor, I looked him up and I went and said, I’ve got this plan and I told him this is how I want to do it. He says, Josh, that’s not legal. I said, okay.
Now, this is when the property market was dead. Property wasn’t moving. It gets back to the blame game. Yes, the market’s booming, you can’t do that now, the market’s booming or you can’t do that now, the market’s dead. There’s always an excuse why you can’t do something. Stop making excuses, starting finding solutions. That’s what we’ve got to do. Move beyond that point. So anyway, the market was dead but I thought 80 per cent. I can make a go of this property thing, it’d be all right. So what I did, I went and negotiated with this vendor and I said, there’s a couple of things that I want to do. I want to buy your property, I’m going to buy it at the list price and he thought, that’s fantastic, it’s been on the market for a while. I said, but it’s got to have four things. No deposit, six months settlement, I want the first six months rent free -because I had no money and then the last one was you’ve got to give me the approval to do renovations, because I thought what I’ve got is cash flow from my job. So me and my wife were off working and we were working long hours. We were working 10 hours every
You know how like you come up with a really good one-liner, like it’s normally a day late? You should’ve thought, if I was quicker, I could’ve just cut the guy down at this. So I thought about that a day later. So I went back to my solicitor the next day and I said exactly the same thing verbatim and he thought he was in some form of time warp like, didn’t you say this yesterday? But today I had a come back because I wanted to bring him to the same point where I had a come back. I had to bring him to the same point. So I thought to bring him to the point, I’ve got to go through the whole thing again. He says, Josh, didn’t we have this conversation yesterday? That’s not legal. I said to him, have you just not done it before or have you looked into it and you know it’s not legal? Then I said to him, I’m going to give you two days to come up with the answer and I’ll come back and see you. I no longer use this solicitor.
Don’t Take No For An Answer - If You Want Something Bad Enough, You’ll Find a Way to Do It
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