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All right so we\'re gonna beat up on a prisoner is a little bit wrong to talk about the Freeport area or talk about things all right. Yes so would you tell me what you\'re running into with your praises and I\'ll tell you what I\'m writing to tell you the very specific story. Because he\'s in the wilderness right now so you can hear us. He you know a decent souls business he did very very well the right one I only bought the properties all cash yep well they were praise like mad so we\'re just looking to get these things refi right the little cash out refi and pull pull some cash out we actually were looking to do is take him out of a personal name put into an LC actual smart sort deals and get some money out of it and we have been lingering with these deals for months it\'s just not a high priority right right on to the pop up and we got a deal 17 we gotta go fun and do this and occasionally around and kind of just strips to the back burner but. Like hello confrontation were absolutely going to get this thing done for make sure our partners get this cash out feels good and. On the phone the appraiser he\'s like a you the contact in my eye and it\'s actually my partners but it\'s me and I can what what do you need he\'s like you know I\'m going to go look at him I came in there all been recently updated they\'re all looking really really good rents are section 8 we\'re getting 110 percent over the over the standard market rent yep and he\'s like that sounds great I\'m like yeah we definitely need a regular appraisal for the value of the property and then if you could give us a rent to praise. He\'s like sure Mike awesome as I wanna head out there next week on like fantastic I think I have one side of the duplex that is not complete but it\'ll will be very very close it might be just some doorknobs and maybe the HVAC guy finishing up in his work with the other side of the duplex is 100 percent complete same finishes everything so you\'ll be able to evaluate that right and then the other 2 properties as well they\'re all duplexes and it just like crickets on the other end. Hi Mike you there is like there duplexes unlike gather duplexes he\'s like all right well let me get back to. Okay guy gets back to me and says Hey I\'m not to be able to do those duplexes put it back in the hopper it\'s probably another 6 weeks I\'m like I\'m so exactly what happened I\'m so glad he\'s in Minnesota right now because that will he want nuts right right so now we\'re kicking the can another 6 weeks and. We had to deal with it right so. Guys are making quick money on a single family that that\'s exactly really really simple it was more work in he said out yeah I got 15 in a backyard that a single family that I can knock out fine and I could do this and that\'s you know. A 20 on my desk right now there\'s no way I\'m going to object in the time on the on a duplex to figure out what it\'s worth it\'s it\'s crazy oh my god L. yeah it\'s I\'m I\'m running across the same stuff you know I sit in it and they\'re waiting on appraisals and and you know I had one that here recently and it was it was a little bit of an oddball property same thing this actually tri plex and yeah it was every bit of. 6 to 8 weeks and then they came back with the price was over grant all right as you push in like in a helpful multi 53 units here but yeah and I have to do it because I can\'t get anybody to do I know we had a lot of money dealing I came back and said I\'m not gonna present much more than what you bought for Mike you\'re kidding me right the combined into one nineties 3 units will put $80000 repairs in it and my rental B. 4500 Bucks here tell me is only worth one nineties like. Copyright Mr. Texas Real Estate@2021.