Ep 533: How To Subdivide A House With Josh Culler

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hey welcome to the H podcast I'm your
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host Danel Martinez today we have
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returning guest Josh Culler if you have
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not seen the othere other episode please
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go check it
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[Music]
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out we talk about podcast marketing and
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Gary Indiana of all topics but
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definitely go check it out but today is
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deal breakdown where we cover cool
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interesting stories provided by today
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Josh Culler so what is a cool
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interesting story you have for us today
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oh man so in that recording first of all
Chapter 2: The Tree Incident: A Wholesaling Story.)
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thanks for having me on great great
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questions that you brought to the table
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so make sure you guys go listen to that
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we talked about kind of like my origin
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story where I got started that sort of
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thing I've been in this industry for
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over 10 years now go going on 13 years
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and my it's kind of funny dude so my
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very first deal that I ever did so I'm
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in the marketing field so I I do a lot
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of marketing with Real Estate Investors
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coaches Educators in our in our industry
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I only work with people in the real
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estate investing space so I don't do a
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lot of deals myself but early on in my
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career I did a few my very first one I
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was doing it with my buddy Gary Harper
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and we were wholesaling in Michigan at
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the time and this was not saying that we
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invented it but this was back when
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virtual wholesaling really wasn't a
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thing but Gary and I both knew that we
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didn't want to travel out that far to go
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look at properties so we did virtual
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wholesaling and we kind of put the
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pieces together Gary's a very uh systems
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and processes driven person so he helped
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a lot with with that and then I did a
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lot of the tech side of things and the
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first deal that we ever did um together
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he had done some off by himself before
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that but me
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involved um I locked down a property
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found found a property in Michigan I
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can't I think it was in just south of
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calabazo Michigan and locked it down
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this was like I was 20 years old I
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believe we locked it down got under
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contract and long story short a bad
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storm came through that area of Michigan
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and and knocked a massive massive tree
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like I'm not like this was like one of
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the biggest trees I've ever seen in my
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life next to a house knocked it over
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fell directly into the middle of the
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house we had already signed the contract
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to buy the house and we didn't get
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insurance on it so tree fell right
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through the middle of the house
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literally like split it in two equal
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pieces was crazy it didn't it didn't
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just like chunk off like one like small
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part of the house it like smacked up in
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the middle and it was a it was like very
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you know traditional ranch style house
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and that sort of thing so basically had
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a like the house was done for like
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couldn't do anything with it and luckily
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I think we had only paid like 32k for it
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something like that but that was a
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lesson learned luckily we were able to
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find a buyer only took like a $5,000
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bath on
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it because the buyer wanted to rebuild
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it he wanted luckily he wanted the
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property because I think he owned the
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one on the like on the lot that was
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behind the house and he wanted it to be
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able to build like a couple houses there
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so he bought that from us we I think we
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had to have held on to it for at least a
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year and a half or something like that
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so he bought it from us took like a
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$5,000 bath on it we it it could have
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been much worse but I got under contract
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I did Gary just trusted me he's like do
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it all yourself and so I did it all
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myself and forgot couple key
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steps and that's what happened so that
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was a lot of fun so long story short I
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made sure that I uh had a very clean
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like standard operating procedure every
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time I got a house under contract and
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yeah after after all that happened we
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had signed the contract and everything
Chapter 3: Lessons from the First Deal.)
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like the seller was gone they didn't
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they didn't care they were done with us
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so I'm gonna call this episode how to
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subdivide a house how yeah there you go
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there you go it's it's easier than you
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think it is you just need to pull a tree
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down on top of your
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house that's okay it's really all you
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gota
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do it's funny because I do a lot of
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subing with land so like how to
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subdivide a house I've never this is the
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first story of how to subdivide a house
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so I didn't know it was possible y it's
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very possible yeah just need a little
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bit of luck that's all you
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need man that that is that is hilarious
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I appreciate you bringing that story I
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think I think your first story is always
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the best one um yeah uh your first
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couple are always they're good memories
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and it's good notches on your belt to
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give you the experience but you
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definitely learn a
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lot well I another quick quick story as
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you and I talked about Gary Indiana like
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randomly Gary Indiana like on our on our
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core podcast episode and my first flip
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that I ever did I bought a house for
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like 12 Grand in Gary and I think I put
Chapter 4: The Gary, Indiana Flip.)
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like 25 into it and it's hard to lose
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money on that small of an investment
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yeah like under a $50,000
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investment and I lost like six grand on
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that one like and that one definitely
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could have been worse too I just like I
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think I don't think I bought it wrong I
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just put too much into
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iTab yeah on a rehab so I never did and
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it was like the most miserable effing
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thing I've ever done in my life so I
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that was my first and only flip that I
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ever did in my life because I tried to
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do everything myself I think I was 21 at
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that point this was after this tree tree
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deal you were hard-headed back then I
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was I was trying to do everything myself
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and not being resourceful that sort of
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thing and so I learn very quickly that I
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need help and I should stay not just
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stay in my Lane but like stay focused on
Chapter 5: Conclusion and Where to Find Josh.)
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my expertises and then delegate the rest
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of it so that's it that's it uh work
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people find you online this been deal
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breakdown with Josh
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color color
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media color media.com and he does uh
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content production for podcast go check
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it out and R marketing weekly for
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everybody here go like share subscribe
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thank you Josh for coming on the episode
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we'll see you next time than hey guys we
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hope you're enjoying this content if you
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have leads that you need to dispo
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anywhere in the country please visit hi
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bc. like Hive buers club. and we'll help
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you move those deals that you need to
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get into the market place