4.5 Million Dollar House Hack! Resort journey begins

Hello YouTube and welcome back and welcome to the Robin Hood Resort. We've hinted about this on our channel for a little bit. We are finally under contract and Cody is in fact moving in. I live here to our biggest seller finance deal. Cody, tell them a little bit about where we're at and what the deal is.

Well, I didn't qualify for FHA 3.5% down, so I had to do $1 million down seller finance. This system's backwards. However, we are at the Hood Canal. This is the Robin Hood Village Resort. It's actually next to the Alderbrook, if you're familiar. It's just south of Belfair, and we're super stoked. I'm moving in to be learning some of the business systems, how we're actually going to operate this hospitality. Is going to be super exciting, and we have actually some of the best people to teach us along the way.

Yep. Now, if you notice, we've said on the channel a few times, we never wholesale because a deal worth wholesaling is worth buying. One of the rules, if you are gonna wholesale or you're gonna buy any property, make sure that you have absolute certainty that you could close if things don't go the way you think.

This is why we don't like wholesalers, 'cause people that try and tie something up just to sell it and they have no chance of closing, they back out on feasibility, that's the dumbest thing we've ever seen.

Yep, so we're following our principles. Buy properties that you are 100% certain that you can close on. We are so certain that Cody has canceled his lease, we've moved him in today, and if we fail this, which we're not going to, I'm homeless. We're 100% all in, and that is where you should be on every deal. This is, uh, this is really fun because we get to practice exactly what we preach by doing this, and you get to watch it live because every single Saturday—

but not this Saturday— we're going to be posting a video on resort best practices and how to run a hospitality business. Yep.

Now Amazon was a little bit slower on emailing me all the equipment that I wanted to bring Cody, and we now have two locations, so As soon as I have equipment on site for Cody to do the filming, we'll start actually putting together the whole story of how we put this together. We'll put it online and then all the details of what does it take to run a resort. If you've noticed, we're multifamily guys. One of our principles is you have to have enough multifamily in annual leases to be able to afford your other projects before you have new ventures.

So if this didn't make a dime, we could float it. Now we don't want to just float, we want to swim, we want to have abundance. However, you want to protect yourself in worst-case scenarios. So we've got enough multifamily today to justify the fun stuff, and now the fun stuff allows us to build out the legacy for eventually family and for clients and friends. So if you want to come visit, we've got kayaks.

Yep, kayaks. We got fire pits, hot tubs, individual cabins, and acres.

We actually just bought a swing for $4.5 million, and we got this for free.

So yeah, this is just in the Form 34. This is just an addendum.

Yeah, this is just the extra piece.

I'm just kidding, that is not true. Don't, uh, we're buying the real estate, it comes with the swing. But I just wanted to share, this is a short video for us, but we just wanted to share with you, this is what we're doing, this is the project. We're gonna share the entire story from A to Z. How do you move into and run a seller-financed resort?

And make sure that it cash flows. Yep.

Also, make sure you like, subscribe, share this with your friends. This is gonna be fun eventually.

And if you wanna visit the resort, check out our How to Find Any Property Owner Ever video, 'cause our phone number's in there. Turns out you can find anybody that way. Give us a call and we'll make it happen.

All right, we're out.