Ep 181 - Week 26 Live Progress Update

Flip and Danny report their LOI on a multifamily property was accepted and they're closing in mid-to-late July. They're hiring an Asset & Operations Manager, launching a merchandise store, and building an education platform over the next 3 to 6 months.
Hey, everybody. Flip and Danny here, founders of the Freedom Real Estate Group family of companies. And if you listen closely, you'll hear a Spartacus off in the distance.
Yes. If you're on the video, you might even see him walking around.
Yeah, we had to bring our little boy into the office to.
Yes, we did.
So. But anyway, welcome to another episode.
Live.
Live, live. Of our podcast.
And our podcast is called Freedom through Passive Income.
That's right. And this is another live episode. This is week 26.
26.
We're halfway. Yeah, baby, we're halfway.
That's right.
But this is Week 26 live. And this is one of our. Just talking about this last week, and. And there's been times where we. We sit down and we get ready for this episode and what happened this last week, it was so crazy. But first and foremost, if you're watching, you already know because you can see us and you see Dani in her Freedom Through Passive Income T shirt. And then I've got the. I've got a jacket. This thing is awesome, by the way. And that's right here. What's that say?
Invest smart, live happy.
Yeah, it's upside down. I can't read it. So anyway, so the swag store is officially. So when you go to freedomcapitalinvestments.com you'll see in the menu, right in the middle, swag.
Yes. Yeah. So we're super excited about that. We even as soon as we got it, we were trying on all the shirts and then we went outside on our back deck and we took pictures and recorded a short. A YouTube short. So a YouTube short means it's like got to be less than a minute or something. We'd never done one before. And so we recorded it.
I recorded it the wrong way and.
You realized it has to be vertical, so that's just a funny very first.
So everyone got to stare at me instead of Danny the entire time. That was awesome.
That's hilarious.
Yeah.
Anyway, so we're super excited. We got to test out the merchandise and. Yeah, yeah, they feel good. The shirts are so soft and they fit nice. Like, I ordered a normal size and it fits great. So super excited. The white ones are a little see through, so just a little bit. Yeah. So that would be the only caveat.
Right.
If you don't. If just.
And also, just to let you know, we don't make any money off of anything that's on the store. In fact, all of the proceeds that. That, you know, besides the cost, everything beyond that all goes to charities, so we're not. This isn't for profit or anything like that. Just to let you know.
Yeah. All right, so then, Flip, take a trip to Michigan. You had a boys weekend, right?
We had a boys night out. It was sponsored by aarp. And I was up in the middle of the woods in northern Michigan and I found out that the mosquitoes up there are no joke. No. Even after putting on deep woods off, because I was deep woods. I threw deep woods off. Right. They just kind of went. But whatever. Shirt. Whatever. They go right through their shirt. Yeah. It was. I drove home going, I have so many mosquito bites everywhere. But anyway, we had a great time and nobody got hurt. I still have all ten fingers and toes.
That's great.
Yep. Nobody burnt anyone. So we're out there.
Last Thursday we talked about that we had written an LOI on a property and that we are walking it today. Actually we weren't because we couldn't get out there, but our team was walking it and our partner Ken was walking it. Well, there was multiple Lois put in on that property and we got to the top and our LOI was accepted. So they're working on and preparing the contract now to be signed. So that's super exciting. Another multifamily deal. Woohoo.
Yep. And now we're officially hiring an AM and an om. Or is that an AM and an om?
It's an AM and Om.
Am. We're officially hiring an amom. Do you want to explain what an AM OM is?
So we've talked about this on previous episodes, live episodes that you know, we're likely going to be hiring an asset manager. Tina is our acting asset manager now. But it just got to the point where we said, hey, it's time to do it. So I've got a LinkedIn ad. I've got an Indeed ad up. So we are actively hiring an asset and operations manager for Freedom Capital Investment. So I'm super excited about that.
That's what that stands for.
Because I've been needing the help for a very, very long time and we're finally at a stage where we can make that happen. And that is going to be the needle mover that launches us this year. Because if I get the help that I need, we have so many opportunities in front of us that I just don't have the time to dig into yet. So I keep saying no and no and no. And that's going to change.
Yep. And because obviously you can tell from our schedule that we both have a lot of free time. We are now in talks with a new partnership to create an education platform.
Yes.
Well, I've got an empty five minutes over here. Let's do it.
Well, this came from the fact that we were asked to create videos and be a coach for the Legacy Academy. And they said, hey, we're gonna, you know, share your social media. Share any, like, education that you put out there. And I was like, well, we don't have any education. Guess we're gonna create some education. We kind of do it through this freedom through passive income, but we can really dive deep. And so we happen to know somebody through a friend who is gonna probably partner with us and do this. So we'll announce it as it gets there, but it's probably still three to six months out.
Yep. And. And also, if you're following us on social media, you know that we posted last two weeks ago a picture of the little Florida house that we're looking at, and that came to a pretty big decision yesterday. So now we're past another hurdle. We're still moving forward. Tentative close. Middle to end of July.
Yep.
And the Ohio house, which we weren't going to list until, you know, way after we had moved into the Florida house. We're going to just do it nice and easy. Do one and then do the other. No, that would be way too easy. Let's do it all at the same time.
It was actually our realtor, Mark Woodring. You guys might know him from our other podcast, our company's podcast, Real Talk. So he's featured on that podcast a lot. He's the one listing our house. He came and walked the property, and he was just like, why don't you just sell it as is? Like, the view here is what's going to sell this property. And somebody else can then, you know, do anything that they want to do based. Yeah, based on their desires, as opposed to us replacing the flooring that we would like. Now they can replace the flooring to what they would like. So we're going to sell.
Yeah, yeah, I got to get out of here to go get pictures of it, because it's going live tonight.
Yes. Boom.
And then the last one we signed, you want to talk about.
Yeah, yeah. Right. When we walked in the door, it was actually, we got in the car and I got a voxer from Jody, and. And Jody said, hey, we've got more refinance documents for you to sign. And so they had to be notarized and in blue ink and all these rules. Right. And so I said, hey, can you just make sure Betty's in the office because she's our notary and so forward him to Betty. So right when I walked in the door, pile of paper, sign, sign, sign, sign, sign. And I and I told betty, flip doesn't know we have to sign these. You're going to have to stop him when he walks in the door.
I walked in and she's like, we have like 27 pages for you to sign. And I'm like, haha, that's funny. Now there was really like 27 pages. That was a lot of. I'm like. And there was pages where it was a blank page with my name to sign above my name. What is this for? What did I just sign? I have no idea what I just signed. With you around, I have no idea what I just signed.
Anyways, it's exciting to see the progress, you know, go for this refinance. So, yeah. So we've had a really good week. It's been busy and crazy and I know that we've got to end this because you do have to go meet.
The photographer, but I do like these episodes because then I can, you know, remember what we just did this last week.
Yeah, true.
Anyway, make sure you're heading on over to our website, not only for the investor club, but for the swag. That's right, but. And then let us also know if there's something that's not on the swag thing, like, oh, hey, I'd really like a coffee cup or whatever. Tell us about that.
Yeah.
Excuse me. Because there's lots of other things that we can add to it, but we like to end all of our episodes with invest smart, Live happy. Bye, everybody. Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on this show are not guaranteed. All investment strategies have the potential for profit or loss.
Sam.
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