Waching daily Jun 2 2018

So check it out. We get this question from this young man that basically said,

"alright dude, I've been reading your books, you guys have been educating me, so

I'm ready to go to town." By the way, good job! Good on you. I love it. But

you're out there on Zillow and you're like I found this house, it's in Spokane

Washington. Is it a good deal?

So this what we're going to do. Steven and I we're just going to actually hop in. We're

going to take a look. We're going to crunch some numbers and then we're going to kind

of give you an idea of whether what you might be looking at. Here is a good deal.

I got my calculator. Boom! And pull out your own calculator and do the math

along with us. And so we're looking at a home here it's at 14517

East, Broadway Avenue, Spokane Valley Washington. It's a four-bedroom

two-bath 2,400 square feet. So we're talking about a really basic home here.

And it's really interesting because in the description they say Great Valley

Rancher, three bedrooms, two baths. I'm like, "oh fourth bedroom non-conforming

under space for a fifth one below." Great Valley Rancher that gets me hungry. Oh yeah.

Makes me think of Hidden Valley Ranch and my grand cherry beans. Okay, so it's easy to look at something

like this. We can check out some of the pictures and it's like, okay the only

picture. Let me see there's more here. Check this out. Oh yeah huh, blue walls.

Check that out someone likes blue into hand and turquoise chairs. I

would only do the deal if the chair comes with it. The green walls, we got a lot of

colors in here. This is great. This is why you're getting it for a discount. No

everyone's it's just pink dude. They're

missing a light bulb right? I mean this is a super basic home right? You got

standard cabinets, everything's oak.

Yeah, it's linoleum. Looks like that's probably the linoleum right there.

Yeah. Moving along here, I think they used a wide angle lens to make everything

look bigger. Yeah. That space is probably forth.

Now, you got your backyard grass. I got everything. So really good basic house

and for a friend that's asking... Probably really good rental. Yeah absolutely. And

the question is, is this a good deal? So let's look at the numbers. Yep. Okay, so

first of all, it's for sale for a $185,900

and Zillow has a Zestimate of $208,468.

So what we're going to do is we're actually going to take the

price that it's for sale. We're going to divide it by what Zillow is saying it's

worth and we're just going to say well based on Zillow does it look like there

could be some equity? And so if you punch in the numbers, a $185,900

and then divide that by what you think

it's worth, $208,468. It actually ends up saying

show me. 89%. So that .89, you

could multiply that by 100 and then it would basically say we're at 89.2%.

Now, if you subtract 89 from one, it's really going

to reveal that you have around 11%.

equity if Zillow is accurate and their estimate here and their zestimate.

So before we actually talk about that part, what I want to tell you is that,

yeah, it doesn't look like... if that were a true zestimate, that we are at 11%

equity then you'd say? Yeah, that's a decent equity. Yeah, so you're

talking about what is that? $20,000, like $22-23,000

Yeah. And by the way, if you then go and make an offer

saying, "you know I'm really trying to get to 15% equity like we

talk about the book." Then all I need to do like for example take $208,468

you too, $208,468. Yep. And we're going to multiply that by 0.85

and if we're 85% of value, that tells us that we would need

to get the home for $177,000. So that's only $7 or $8,000

dollars off if you want a 15% equity position. So I might come

in on this deal and say you know what, we're going to offer $170,000. 15

grand below, it is a little bit of a lowball offer. It's not necessarily

disrespectful, it's not $20,000 below, 30,000 below. I would put

that offer out there. See I have a different opinion on this. A little

bit which is offer whatever you want to offer. I mean there's people

out there that get offended or they want to get offended at your offer but

honestly, I have also known people that have made massive lowball offers and

just said, "look, I'm not trying to offend you. Here's my offer. If you can take it,

great! If not, that's fine." It never hurts. Put the offer out. Yeah. It never hurts.

So put it out there. Yeah. Like Kris said, if you want to offer a

$170,000, Make the offer. The very worst thing that

will happen is they'll say, "forget you." right? The best thing that could happen

is they'll say, oh, I like that offer, yeah, we'll do that" But chances are something

in between what happened. Where they'll come back in the go she ate a little bit

and say, "you know, would you do 180? " You'll say, "well, I could do 175."

Well, what about 182, I can do 177." You know and you'll land right

there around your 15% probably. Now just two things that you need to

know about this. The first one is when you negotiate, try to do as much of it

verbally as possible, if you can. Because you can write up an offer, send it to

them and say, "you've got 48 hours to respond." And then they're like, "well, I'll

meet you in the middle, you got 48 hours to respond." And then weeks gone by and

someone else bought the house because they did this really cool thing called

telephone. And they actually say, "hey how are you doing? Good. I see you have a

house for sale? I do." "Listen, it's a little crazy but I got a client that

they're qualified and they really just want to pay that 170 mark." "Be honest.

If we submit that offer, do you think we got a shot? I think it's worth putting

the offer in. Really? Yeah. Do you think they're going to counter? They might.

Come on dude, what are the numbers? What do you think they're really needing

to be at? Just get real with me. Let's save some time. Yeah I can't

tell you exactly what they're looking for. Of course you couldn't. But

you could probably put that offer in and they make counter with

a little bit. They make counter with a little bit. Sure. Awesome! Hey, we're going to

get your offer, thanks. Okay, sounds good." Click. What do I know right now? That

they're going to counter a little bit. And so by the way... Or you could put it a

little bit higher offer in. Thank you. So instead I might say well I could even be

on that phone call be like, "so I'm just saying let's just say that we submitted

for 173, do you think that there would still be a counter? You could try that.

Okay, awesome!. Thank you. We'll see your offer shortly.

Okay. Okay." What we're doing right here is... Listen, videos not even supposed to be on

negotiating this. Dude, this is how actually you get in on some of the

really great deals without needing to waste a lot of time messing around. But

anyway, that wasn't what we want to show. This is what I would really want to talk

about. The question is, is this thing really worth? Does it have 11% equity.

Is it worth $208,000 and would I ever trust Zillow? Steven, do you trust Zillow?

I don't trust Zillow. With your life bet? I don't. What if you had to put all

your children on it, would you bet on it? Some of them. No I'm just kidding. No.

Okay, so here's the deal guys, Zillow, this whole ideas estimate, I'm glad they gave

it that name because estimate means pile of crap. It might be right on, but it might

be 20% high, it might be 20% low. Because here's the deal, the only way to know what something's

worth is what someone's willing to buy but dang it! You're the buyer. You

don't know if you really came across a really good deal here. So what you need

to do is get with a competent realtor and actually get him to do a CMA.

Comparable market analysis and say, "hey, find me a half a dozen or three other

comparables. Things that have sold. That are closest similar nature just like it

watch your other video on CMA, we talked about this. And if it comes back and

they're like, "actually, we did to see men and it came back at not too away to came

back at 2:11." "Oh Zillow may have been actually short by

three grand." or that happens sometimes. Zillow fluctuates right? Anyway..Yeah or

it could go the other way. And it could be like, "Oh actually we're showing that

this home is worth 187. You're like, "hah! Zillow almost snagged me there. This

thing's got 1,100 of equity not 11% of equity

right? So, you got to get that CMA so that you can put in an offer based on where

you want to end up. And we hope this video has been useful for you and just

saying wow! when you think picture... And by the way, how easy was it? Dude, you all can

go onto Zillow, you can all go to your local MLS and start you know screwing

around with some of the information we give you. You can get out there and start

learning how to crunch... Do you see how simple it was to crunch those numbers?

You also see the thought process. So I'm really appreciated this video because I

think it's a good example for all of you to know what happens in an investor's

mind and you're actually looking at doing some like this.

you

For more infomation >> Is This Property A Good Investment? - Duration: 8:22.

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Gorka: Brennan's track record is unpatriotic, un-American - Duration: 3:56.

For more infomation >> Gorka: Brennan's track record is unpatriotic, un-American - Duration: 3:56.

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Mistake Is Always a Mistake / Whatsapp Status / New Heart Touching 2018 Quote / Best Line - Duration: 0:34.

Mistake Is Always a Mistake / Whatsapp Status / New Heart Touching 2018 Quote / Best Line

For more infomation >> Mistake Is Always a Mistake / Whatsapp Status / New Heart Touching 2018 Quote / Best Line - Duration: 0:34.

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Annual Chalkfest is returning in Arbor Lakes - Duration: 3:28.

For more infomation >> Annual Chalkfest is returning in Arbor Lakes - Duration: 3:28.

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The Queen Is Lovely In A Lilac Outfit And Matching Floral Hat As She Arrives At Epsom Races - Duration: 2:42.

The Queen made an appearance at the Epsom Races on Saturday, looking lovely in a lilac

outfit and matching floral hat.

Her Majesty beamed as she made her way into the event, where she was greeted with a curtsey

from racecourse director Julia Budd - who wore a regal blue ensemble to greet her.

The Queen, who is famously passionate about racing, was surely looking forward to her

day out - where other racegoers included Elizabeth Hurley, Dame Helen Mirren and Millie Mackintosh.

Epsom's weekend of racing has proven to be quite the fashion show, with many stars stepping

out at the event in their formal best.

Friday's Ladies Day saw the likes of Charlotte Hawkins, Susanna Reid and Vogue Williams arrive

at the racecourse, with Charlotte taking best-dressed in her head-to-toe hot pink ensemble.

Pregnant Vogue, who attended the event with fiancé Spencer Matthews, posed for photos

with the Duchess of Cambridge's brother James Middleton, who of course has a connection

with Spencer, whose older brother is married to fellow expectant mum Pippa Middleton.

It looks like Her Majesty is the only royal to attend Epsom this year, and she made sure

to stop and chat to revellers in the sunshine.

It's been a busy week for the royal, as on Friday, she awarded Eamonn Holmes with his

OBE at Buckingham Palace.

But the presenter couldn't resist using their meeting to cheekily suggest an interview with

her!

"She talked about breakfast television and asked me how long I had been doing it and

I said 'too long'.

I told her that I have interviewed almost every member of her family except her.

I said, 'so you have got to put that right for me,'" he told the Press Association.

The Queen, however, did not reply to his request, simply choosing to laugh.

"She laughed - I think that meant no," said Eamonn.

The Derby is set to be a star-studded affair with celebrities such as Hollywood legend

Dame Helen Mirren, Liz Hurley, singer Frankie Bridge and reality TV stars Millie Mackintosh

and Hugo Taylor mingling with well-dressed horseracing fans and Royalty.

Gentleman turned up in suits and top hats while ladies wore colourful dresses, fascinators

and high heels as they totter around the Surrey site.

The race is the 'richest' in Britain, offering a prize money of £1.5million to the winning

horse.

For more infomation >> The Queen Is Lovely In A Lilac Outfit And Matching Floral Hat As She Arrives At Epsom Races - Duration: 2:42.

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Review (part 2): 'Action Point' Falls Flat On Its Face, Is As Funny As Falling On Yours - Duration: 5:54.

review actionpoint falls flat on its face is as funny as falling down yours

decades ago when exploitation next to Roger Corman opined that female new

petite was the best special effect on a low budget he reckoned without Johnny

Knoxville undercutting him with non-stop self-inflicted pain on a budget of 5

million dollars which mainly paid for a crew to follow Knoxville and his crazy

friends around with a camera as they cranked one another with violence and

deliberately bashed stunts the first Jackass movie made 64 million dollars

and the subsequent three significantly more

and while the entirety of the forth and parts of the first three bad grandpa

involved pushing the tolerance of unsuspecting onlookers the movies mostly

laughed at the harm the cast meted upon themselves voluntarily the results were

generally bloodless in name and really really funny like feature-length

versions of Jackie Chan sand credit out tapes where the martial arts master

messes of the big stunt and laughs at how nearly injured he was but with more

vomiting times have changed original troupe member Ryan Dunn is dead and

steve-o and Bam Margera have taken different points of view on sobriety

which had reportedly the hold up on another official installment but

Knoxville and Chris Pontius star back in a new movie that involves them hurting

themselves again dot dot dot and it only wishes it were on the level of the movie

series it pretends to be part of there are a couple of terms of interesting

movie ivy in action point which opens today's

bereft of even the usual Thursday night screenings one is that the notion of

some regulation free childhood utopia before politically correct safety laws

were applied to everything was in fact stupidly dangerous and irresponsible the

other is the story of the real-life action park an infamous New Jersey

amusement park that opened in May of 1978 was staffed but inattentive

drinkers and has been helped responsible for at least six deaths due to some

truly terrible ride designs action points is clearly based on this place as

the signature rides in the movie are the same the real parks Wikipedia page

however generates more laughs than the entirety of the movie part of this is

due to the fact that director Kim currently isn't a jackass guy and

doesn't know how to be the original stunts relied on viewers knowing they

were real shots on sheaths equipment in one take but if you shoot for example

Knoxville falling down the water slide with multiple angles on a

professional-grade camera in such a way that a dummy could easily be substituted

it becomes generic movies lack stickers the end credit out tapes indicate that

most of the stunts and crop hits were done by into the start for real but

serve only to demonstrate that the main movie should have shown that more

clearly second none of the new non Jackass characters surrounding Knoxville

and pontius are ever really given character traits

so then they take pratfalls we can't really care we need instead wonder which

one of them that what's again and then there's the whole part where the movie

is driven by a plot and a banal playing against everyone's strengths kind of

plot at that Knoxville opens the movie in his bad grandpa latex that's becoming

less and less necessary the young version of him in the 70s flashback that

makes up most of the movie should have fired his makeup person unless the goal

was to Nepean resemble Boris Karloff's Frankenstein as DC he's a reckless

hunter who runs action point which is the sort of adventure playground the

Jackass team would have a field day with if they were all still drinking heavily

Schlitz beer is everywhere but when a new professionally run being part moves

into the area DC's must resist any and all attempts to

buy his land out all while trying to be a good dad to his teenage daughter Lori

Eleanor Worthington Cox who's staying with him for the summer as the potential

land buyers report to sabotage to try to force DC to sell sub Police Academy

sequel style hijinks ensue the script by Knoxville and role model flash blades of

glory a team john else you learn and dave Krinsky really isn't funny and

Knoxville can't convincingly convey a heartbroken parent it feels like

everyone involved was hooking the stunts would be the centerpiece but they just

aren't her feet who's a veteran of scripted TV comedies would have done

better just to have the sets built hand punches and Knoxville the cameras and

let them improvise it certainly couldn't have come out worse as much as I like

these guys when they're unleashed I wanted to walk out before this one was

done not because they horrified me but because they bored me

I look forward to Knoxville one day hypothetically making something like his

version of Adam Sandler that's my boy a comedy that acknowledges a once

hilarious tick is no longer cute and it just makes everyone feel bad to watch

him try nowadays if there's enough self-awareness to do it in the prankster

semi can cuff head it's the kind of meta play he could use if you like what

you've just read it please check out my other articles on Forbes I

For more infomation >> Review (part 2): 'Action Point' Falls Flat On Its Face, Is As Funny As Falling On Yours - Duration: 5:54.

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Pedro Sánchez is sworn in as Spain's new prime minister - Duration: 5:22.

Pedro Sánchez is sworn in as Spain's new prime minister

Spains new Prime Minister Pedro Sanchez (left) alongside King Felipe VI and Mariano Rajoy (right). Spanish Socialist Pedro Sánchez has been sworn in as the countrys new prime minister by King Felipe after the ousting of conservative Mariano Rajoy.

Mr Sánchez, who is an atheist, took the oath to protect the constitution without a bible or crucifix - a first in Spains modern history. He plans to see out the remaining two years of the parliamentary term.

The Socialist leader won the support of six other parties to remove Mr Rajoy over a massive corruption scandal.

As Spains new prime minister, whose party only has a quarter of the seats in parliament, he now has to decide who to include in his cabinet and is expected to name them next week.

In a brief ceremony at the royal residence in Madrid on Saturday, Mr Sánchez, 46, promised to faithfully fulfil his duties with conscience and honour, with loyalty to the king, and to guard and have guarded the constitution as a fundamental state rule.

The BBCs Gavin Lee said Mariano Rajoys departure followed a political earthquake.

Mr Sánchez brought about the downfall of his predecessor Mr Rajoy by filing a no confidence motion in parliament following a scandal centred on a secret campaign fund that the conservative Peoples Party (PP) ran from 1999 until 2005.

Mr Rajoy is the first prime minister in modern Spanish history to be defeated in a no-confidence motion. Meanwhile, Catalonias new regional government was also sworn in on Saturday, ending seven months of imposed direct rule from Madrid.

The new Catalan President Quim Torra, who is a close ally of ousted separatist leader Carles Puigdemont, said that he was committed to continuing the drive for the regions independence from Spain. Who is Spains new prime minister?.

Pedro Sánchez emerged as a virtual unknown to win the Spanish Socialist party premiership in 2014. The photogenic economist and former basketball player won members over with a promise to unite a divided party and put the Socialists back in power.

Yet he subsequently suffered two humbling election defeats, in 2015 and 2016.

He was eventually forced to resign after his refusal to back Mariano Rajoy in an investiture vote plunged the country into a prolonged political stalemate and his party into bitter infighting.

Months later he confounded his many critics by returning to win the Socialist primary. Spains constitution states that the party presenting a no-confidence motion must be prepared to govern and replace the deposed prime minister if a parliamentary majority backs it.

Therefore, this moderate but ambitious 46-year-old from Madrid is now Spains prime minister, despite the fact that his party commands less than a quarter of seats in Congress. Mr Rajoys departure casts the EUs fifth-largest economy into political uncertainty.

Although Mr Sánchez leads the Socialist PSOE party, he is not a member of parliament. Correspondents say that with only 84 lower house seats, the party will struggle to find allies to get legislation enacted.

In return for having backed Mr Sánchez in the parliament vote, Spains left-wing Podemos (We Can) party is likely to demand significant policy concessions from the PSOE, and perhaps some key cabinet posts.

Mr Sánchez is likely to be challenged strongly over his plan to stick to the Rajoy budget.

Smaller groups - including Basque and Catalan nationalists - supported the no-confidence motion against Mr Rajoy, but it is unclear whether they will back the new government. The Ciudadanos party, which had been doing well in opinion polls, supported Mr Rajoy.