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The Titanium Vault hosted by RJ Bates III
RJ Bates III, affectionately referred to as the Viking Wizard by his students, started his real estate investing career in 2014 after attending a real estate education program that put him $65,000 in debt. RJ contracted his first deal he found on the MLS and wholesaled it for a $7,500 assignment fee. That was the end of his former life and the beginning of his venture into becoming a real estate investor. Since that moment, RJ has become an influential figurehead in the real estate investing industry. He has successfully purchased and sold over 2,000 properties all across the USA including wholesale deals, rehabs, rentals, owner finances and short term rentals. One of his passions is being the host of The Titanium Vault Podcast where he interviews the top real estate investors and finally, RJ has won back to back Closers Olympics earning him the reputation as the King Closer!
The Titanium Vault hosted by RJ Bates III
Real Estate Hot Takes with Dolmar & Keisha Cross
Join Dolmar & Keisha Cross from A&E's Zombie House Flipping in this episode of Real Estate Hot Takes as they discuss five different topics while attempting to eat the hottest buffalo wings in Tampa, Florida. Enjoy the laughs and hopefully enjoy the interview!
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All right, guys, welcome to Real Estate Hot Takes, episode two, with Dolmar and Keisha. So, guys, here's the rules, all right, I've got five questions for you. We've got five wings Y'all are going to share. Okay, it's y'all couple, y'all share, okay. Yeah, I asked you a question. You take a bite of that. I guess you could take the first bite, pass it down to Dolmar, okay, and each of you will answer the question, okay. Okay, you cannot answer until you've taken a bite of the wing. Okay, got it. Don't be the first person to give up either. I'm going to give you Dolmar, all right.
Speaker 2:Do we each have to answer separately or are we just having a combo answer?
Speaker 1:Preferably I want Dolmar to have to talk. I don't have any problem with you. You're going to be just fine, and we're just worried to see if Dolmar can last us five minutes.
Speaker 3:Okay, let's do this we ready.
Speaker 1:Ready, all right. Question number one Zombie house flipping. Oh, here we go. Here we go, jesus. What do you guys feel about being on TV? My bad, I was messing up.
Speaker 3:What was that? That sounds funny.
Speaker 1:Look at that. Can you show them how to take a bite the same wing?
Speaker 2:Yeah, the same wing, take a big bite.
Speaker 3:You're going to regret it. Oh, you're going to regret it.
Speaker 1:Oh my God Bro, she showed up just like on the TV show.
Speaker 3:She's amazing on the show, by the way. I think the show's amazing now that she's on. I think the show is amazing now that she's on, but I love it. You know, I didn't ever want to be on camera. I'm more of a guy that's behind the scenes. We build brands, personal brands, for other people behind the scenes. So this is my first time stepping out in the forefront and on TV, but the experience has been interesting. Can I drink some more? Yep, you get it already, don't you? The experience has been interesting. They don't prepare you, you know they don't prepare you. You're just thrown in with no coaching, no mentorship, no guidance and you have to figure out how to marry both our real business with TV and their deadlines and their process. So it's interesting. It's been quite a learning curve, but I think a year and a half later we're finally starting to figure out, figure things out in final way. There you go, what about you what's about the question?
Speaker 1:you like being on tv? You know, you know rj, can you fill your mouth? Yeah, okay, there you go, yeah um, so can he, because he didn't take any bites.
Speaker 2:I don't really watch it that much. Yeah, I just shoot and then I go home. So you know I'm not really recognized, which I like, you know I'm hoping it won't get that way, I hope it won't go bad. There, you go, you know.
Speaker 1:There you go.
Speaker 2:Sort of behind the scenes. I like it All you know. Sort of behind the scenes.
Speaker 1:I like it All right. Question number two Real what is real?
Speaker 2:You got to take a big bite first. Okay, Different wing, different wing, bro, different wing, I get all the hot stuff off of that one.
Speaker 3:Okay, so a big bite? Yeah, come on Get yourself.
Speaker 1:That's not even. No, that was legit. He got some on. He's going to fill that. Come on. Oh, I got to take one too.
Speaker 2:Yeah, what do you mean? The same one.
Speaker 1:Yeah.
Speaker 3:Oh good one.
Speaker 1:Oh, I bet that might work.
Speaker 3:Oh man, all right. So Real represents all of our brands, okay, so we have our real estate, we have our education company, Real Advisors. We have our marketing company, real Advisors. We have our marketing company, real Agency, and we have our real estate investment company called Real Capital. So Real just represents all of our different brands that we have. We want to bring real insights, tips, strategies, ideas to the marketplace in whatever we do. Come on, baby. Yeah, rj, is that it? These are kind of mild to me. Oh my goodness, you kind of get used to it now. Yeah, rj, is that it? These are kind of mild to me. Oh my goodness, you got to get used to it now.
Speaker 1:After a while. You just get hey, alex. On episode one, the veins started popping on three more. Okay, we're not there yet, go ahead. What do you think on real? So I'll blend the question for you. Okay, with being on TV and then having your brand called real. Okay, how do you feel those two blend? Because we both know there's things that you have to do while being on tv that's not real, right, but we try to make it as real as possible. So how do you feel those two blend together?
Speaker 2:can I talk first, before I took a?
Speaker 1:bite.
Speaker 2:You took a bite, you're free well, like what you said, you try to blend the two, so you try to make it as real as possible. Considering a lot of reality shows, home run shows are not the real deal. They're more scripted. One thing about this one is that we were very adamant about that part needing to be real, even though other things have come up and it's like oh, we want you to do this. No, I'm sorry, but that's not real. People know me and I'm not about to be called a fraud, so right, so yeah, that's one thing I know he refuses to do anything.
Speaker 1:That's not. Yeah, you good, I'm good, I'm just breathing, all right. Question number three All right, right, what's been your worst loss as an entrepreneur? Your worst loss as an entrepreneur? Okay, new wing.
Speaker 3:Huh, new wing, bro, I was trying to get the back side of this. Look at all this meat right here.
Speaker 2:Look at that one Juicy right there, get that one Juicy one. Okay, no, no, that one doesn't have as much like there you go, yeah All right. That's a small. Oh ew, that's a small Ew. Did you hear that? That's weird? Right, that was just weird, yeah.
Speaker 1:Come on now. You said these are mild.
Speaker 3:Let's go, rj, let's go. Come on, you can't be like delaying the question. You gotta sit in a little bit. You gotta make it marinate.
Speaker 1:Worst loss, let's go. Worst loss, worst loss, Worst loss.
Speaker 3:This is back in, I think, 2017. I bought a house from a guy who it was a wholesaler sold me a house and one day before I was going to sell it to a hedge fund and make $100,000 on it, I got served papers that I was involved in a fraudulent transaction. Turns out the wholesaler bought the house via quick claim deed from another guy who was married but going through a divorce. Oh God, he forged his wife's signature to deed her interest over to him and he sold this house to this wholesaler via quick claim deed. And then that wholesaler sold it to me, Tied the company up, didn't catch anything. Everything looked legit. I bought it via warranty deed, but when I got this lawsuit I was like, oh my gosh, oh my gosh. So investigations happen.
Speaker 3:About three months later, my buddy tries to sell me my own house, because now I own this house, I brought it in a land trust. Three months later, one of my good buddies starts trying to pitch me my own house. I'm like, bro, this is my house. What's going on here, Right? He tells me oh, I didn't know, I didn't even look it up, I just got it from this other person and I know it's the type of deals you like. I thought you'd be interested. I was like, well, can you stay in the deal and get all the paperwork from him? Let me just try to investigate what's going on. Turns out the same original seller, the homeowner, the husband, forged my trustee's signature to try to sell the house from under me, again trying to find somebody that would just pay him $200,000 for a quick claim deed to buy the house. And the house is worth like 500 something thousand. So it would have been a great deal, but someone not knowing real estate would have been taken advantage of.
Speaker 3:Long story short, we go to court everything.
Speaker 3:There's obvious proof that there's clear fraud here.
Speaker 3:I lose the house, but in this, during this entire it took a year I still make money payments to my hard money lender and I made those payments every single month, even though I could not sell this house, and it ended up instead of making a hundred thousand dollars, I lost a hundred thousand dollars because I also rehabbed the house as well.
Speaker 3:I rehabbed the house, I did some work to it and all those payments like a hundred thousand dollars loss. Now, good news is my hard money lender was grateful, thankful, that I still made my payments. In fact, they're still one of my biggest lenders today. You know, for them that was like dude, you took it on the chin, but you made right on the deal because I got a warranty deed and a title insurance. The lender got their money back as well, but I still had to make those payments and make it with my lender for a year when I couldn't do anything with this. I ended up losing the house, but I got a judgment against the guy. The court gave me a judgment, but that was my biggest loss.
Speaker 1:That's crazy. Yeah, all right, you ready. You get to answer the fun side. What's been the biggest win? Win you got to eat, you got to eat.
Speaker 2:I'm starting to sweat now. Well, he just answered for six minutes. I know that was a long ass answer. I know, Alright, that was easy, man, which one that?
Speaker 3:was easy, it's getting easier.
Speaker 1:Let's get that one.
Speaker 2:This one. I don't like these kind. Here I'll have oh Jesus.
Speaker 1:See, I don't even eat these.
Speaker 2:I know, that's why I'm laughing, because he would never eat these. So you're making it.
Speaker 1:Oh yeah, y'all are handling this way better, I'm just saying, than Alex. Alex is a baby. Where's Alex?
Speaker 2:Yeah, I'm taking like a champ.
Speaker 3:She takes a lot of things like a champ Shut up.
Speaker 2:I didn't mean it like that. I didn't mean it like that. I didn't mean it like that. I didn't mean it like that. I didn't mean it like that. Oh my God.
Speaker 3:I didn't mean it like that. I didn't. I was like wink, wink, wink.
Speaker 1:I didn't mean it like that. Guess, we're not monetizing this on.
Speaker 2:YouTube, you can cut that out, okay.
Speaker 1:What was the?
Speaker 2:question, I'm sorry. What's your biggest win as an entrepreneur?
Speaker 3:oh man, let's see my biggest win yeah, hmm, dude, can I answer for her?
Speaker 2:no, I would probably say one win, no go ahead.
Speaker 3:Answer for me she's like the secret ghost writer, so a lot of people don't know this about t-shirt. She's like the secret weapon behind a lot of the big brands out there. She writes courses, curriculum, coaching materials for you know, cardone fortune builders like kenny harrington. So you're the brains, she is the brains, she's a rock, but she doesn't even have a website. She doesn't promote herself All word of mouth, but she's been the brainchild behind a lot of the yeah with their curriculum. The brainchild.
Speaker 2:But yeah, like a lot of my, I guess my biggest win is like, I guess, a compilation of wins in terms of not needing to market for what I do and just everything is really word of mouth and I'm turned down like a lot of people.
Speaker 1:I mean it makes a lot of sense. I've had people say that they've learned a lot from Dolmar and then I met Dolmar so I knew there had to be brains behind the operation.
Speaker 3:So it makes a lot of sense my bad bro. That's the truth. She is the, she's the genius behind everything. All right, one more question we're ready.
Speaker 1:Yeah, dang, that's the truth. She is the, she's the genius behind everything. Alright, one more question we ready yeah, dang, that's five already, yeah, you know five. I mean, I don't know, you guys have powered through these you know.
Speaker 2:Like RJ, you gotta do a little better next time alright you know we gotta. I mean, this wasn't you know?
Speaker 3:can I ask a question? Why are you not eating this? Why are you not participating?
Speaker 1:That's a good question. I'm on a diet. That's a good question.
Speaker 3:I need to put you on the no more diet we're going to have to.
Speaker 1:You got to keep it sexy.
Speaker 2:Yes, last question the biggest bite I'm going to take all the meat off.
Speaker 3:I'm ready.
Speaker 1:If you could only tell your followers one thing to change their lives, what would it be?
Speaker 3:Okay, alright, here we go. You're going to have the same question.
Speaker 2:Come on, eat. They're starting to tingle a little. Okay, you're making weird fucking noises. Just eat the thing. You don't need to make all the noises. It's juicy. Oh my God, stop All right. Oh my God, please stop him, all right.
Speaker 1:You love it moist.
Speaker 3:Oh my God, I mean it is juicy. Okay, all right, sorry, all right, it's just going to sit in my mouth for a little bit, all right. So if I were to tell my followers, like, think about even the young dormer. If I were to tell my 20-year-old self which is the age I was when I got into real estate, if I were to give myself advice or a brand new person advice, I would say you got to find a mentor as soon as possible.
Speaker 3:One of the biggest mistakes I made early on is thinking I knew it all or I could study on my own or get started on my own, with no advice, no mentor, no coach and no guidance. And I failed miserably on my first four deals. In fact, I was a broke college student back against the wall. I didn't have any pennies, nickels, diamonds or quarters to rub together. Pot to pissing. Making balloon animals in restaurants. You were a balloon artist. I don't know if I should have told you that. Balloon artist yeah, I was a balloon artist making pregnant monkeys Like I regret telling you that because now you're never going to let me live that down. Pregnant monkeys yeah, pregnant monkeys. Lovebirds kissing.
Speaker 2:You know around. Oh, you want me to make you a balloon for the little kid yeah, but no one says yeah, make me yeah, that's what I did.
Speaker 3:That's how I made money, and I just got tired of being broke and I tried to do real estate on my own when I found out about real estate and I failed miserably. The last deal, fourth, they put me 65 000 on the debt. It wasn't until I found my mentor where things turned around for me and literally the first three months of that mentorship I made $60,000. And so that was a big lesson for me, and my mentors helped me to shift my mindset from this consumer-lacking, loser mindset where I say, hey, I can't afford this, I can't do this, to how can I do this, how can I make this work? And so that's what I would tell someone getting started in real estate. The other thing, rj, is I had zero support. My parents, my father. I had zero support. My parents, my father I grew up in the church, my dad was a pastor did not believe that real estate was possible for me, because at 20 years old, it's starting to burn. Now, at 20 years old, I just got swallowed. Did I just spit on your?
Speaker 1:shoes. You spit all over my shoes, yeah you sure did.
Speaker 3:Oh my gosh, yeah, you sure did. Oh, my gosh, yeah, I was feeling that one.
Speaker 1:Guess we know where that TV mug is going.
Speaker 2:I didn't really spit on your shoes.
Speaker 3:So at 20 years old, my dad passed across His only idea of success here in America was to go to school, graduate, go to corporate America and climb the rungs of that ladder. My ex-girlfriends thought they laughed at me. They said that, Gomer, you're not going to amount to anything. You're a balloon artiste. Who do you think you are? My college friends said I'll fail before I even start.
Speaker 3:When you think about those people, friends, people you're in relationships with, your parents, these are the people you normally go to when you have an idea, a dream, passion. And when all of them crap on your dream or don't believe in you, like what do you do? Most people quit, walk away, they become depressed, they develop fear, lack of confidence, frustration and all of those things and maybe put their dream on the back burner. You got to surround yourself and immerse yourself in a community of like-minded people who are going to push you, motivate you, empower you, inspire you. And if I was going to start over all over again, I would have got into groups like that a lot sooner. Groups like what, like the ones we're in, Find a mentor a lot sooner. So that's why I would tell someone is you can skip a lot of mistakes, costly mistakes, by just aligning yourself with the right people and getting a mentor. What about you? Come on, baby. What?
Speaker 2:about you. He just said everything for the both of us.
Speaker 1:He said a lot. Yes, he did.
Speaker 2:I feel like that's a big enough answer I'm hot as hell.
Speaker 1:Has he taught that much at home? I?
Speaker 2:mean.
Speaker 1:Does he always make those weird noises?
Speaker 2:Yes, it's really weird. I always say my kids call him cringy. My daughter's like oh my God, she's like I can't stand when he. Yeah. My daughter's like oh my god, she walks in with her. She's like I can't stand when he eats because it's so gross. I'm sorry, okay, so what was that? Yeah, so I don't think I need another question we're done, yeah, well this is a weird episode no, no no, you're not done.
Speaker 3:She has to. No, you're not. You came on here like I'm ready, weird sounds.
Speaker 1:You're like you said inappropriate things. You guys, bro, I'm already cancelled on TV. What the fuck, bro? Alright, well, it was good. This is Real Estate Hot Takes, episode 2, don't Mark on Me Cancelled Again. Make sure you like the video. See you guys next time. Oh man.
Speaker 2:I'm so sorry.
Speaker 1:Did it work out.