Basement Tales: Recent Episodes
Charlie Einsmann
The hosts of "Basement Tales" uncover how to profit from distressed properties and succeed in the real estate investing industry - all while sharing wild and crazy real life situations they have endured throughout their 20+ years of experience.
For more information visit: www.soldintwodays.com www.cskyfinancial.com
In this episode, the crew discuss the “zombie apocalypse,” which is the decline of effort people put into their work because of the pandemic, resulting in awful customer service and the need for repeated nagging to get the government to do anything.
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In this episode, the crew talks about inflation and how no one really knows what anything costs anymore in the housing market. Send us your questions and tales to yourstory@basementtales.com.
In this episode, the crew discuss ethic in how to deal with people trying to take advantage of you.
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Charlie explains 6 major pitfalls (really 8 as he adds 2 at the end) when buying a house, and Sam and Ed tell stories about their encounters with the pitfalls. Send us your questions and tales to yourstory@basementtales.com.
In this episode, the crew talk about a property they bought from a tax lien that seemed to be abandoned, but was actually occupied.
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In this episode, Carter joins the podcast again to discuss wills and what happens to properties when wills are contested.
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In the episode, Ed asks Sam and Charlie whether millennials should buy houses in the current state of the market, or wait for the market to crash and buy while prices are low.
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In this episode, the crew talk about legal challenges posed by seller held financing involving the lack of a trustee.
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The crew talks about how Zillow’s algorithm severely overvalued houses, and the impending housing market crash.
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In this episode, Charlie tells the story of a business acting as a “concierge” in house flipping, a concept which is very strange in terms of a business model.
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In this episode, the crew discusses what Tax Liens are and Ed tells a story about how he was screwed over with questionable auction procedures.
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In this episode, Charlie talks about a tenant who hadn’t been paying rent and upon confrontation revealed that she had a high paying job but almost no financial knowledge. Charlie explained how he helped her set up a budget, and the crew talked about how it's easy to assume things without knowing people’s stories.
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In this episode, Charlie talks about a $1.6 million loan that they almost made before realizing that the recipient of the loan was not the owner of the house put up for collateral. Later in the episode, Sam talks about a situation with getting an insurance payout from a property with backed up sewage that leaked into the basement.
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This episode is mostly Charlie telling the story of an occupancy check he did that turned out to involve someone whose house was being foreclosed on without their knowledge, partially due to a mixup with his address.
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Sam begins this episode by talking about how investments are high even though the housing market is low, which leads into a discussion about tax liens and lien sales. The episode concludes with Charlie telling a basement tale about a “Basic B&E” he did to determine if a house was vacant.
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In this episode, each member of the crew gives their insight and opinion to what will happen to the housing market after Labor Day, as the past month has been very slow.
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The topic of this episode is what will happen as the foreclosure moratorium lifts (whenever that ends up being). The debate centers around whether there will be a “tsunami” of foreclosures, or if the whole thing is overblown.
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This episode talks about persistence in getting things done, for example calling or emailing people more and more frequently as deadlines approach.
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In this episode, Charlie talks about the circumstances around a pre-foreclosure (which are rare during COVID) which turns out to be a popular potential deal. The crew then discusses what will happen post-covid around moratoriums, foreclosures, interest rates, and the housing market.
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Look back on funny and interesting moments from the first season of Basement Tales! Send us your questions and tales to yourstory@basementtales.com!
In this episode, the crew discusses easements based on an audience question. We also hear Sam’s experience with his own property with “the dick tree.” After Sam’s story, Charlie discusses a recent example of the “bankruptcy boogie” that one of their hard money loan colleagues encountered.
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Warning: This episode contains mature language
Episode #33 shares how people can follow through with things you need to get done. In the middle, Carter the handyman joins the conversation with some funny dialogue and one-liners you don't want to miss!
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In this episode, the crew talks about the housing market bubble, how people are working remotely and moving further away from jobs, how prices in cities are dropping, and the “cliff” of when people will begin selling.
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This is the episode about inflation, beginning with Charlie talking about “WF” not allowing him to transfer his money, and otherwise consisting of talks about whether inflation is happening or not, unemployment, and what’s going to happen post-covid.
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Episode 30 dives into a business lunch Sam, Charlie and Ed had before recording and how to converse with potential business partners. Sandra asks the question of “How do I get started doing all this?”, prompting the crew to discuss finding the “hidden market.”
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This episode features Tom Zeeb who talks about wholesaling and finding deals.
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This episode talks about a fascinating plan executed by an auction bidder.
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In the episode, Sam and Ed answer Sandra’s question “Who pays for this?”, in regard to tenants not paying rent for extended periods of time. Sam also asks Sandra about her tenants and the crew talks about DC fines for improper upkeep.
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Sam’s “Basement Tail” is an X-rated tale about a worker having an argument with a presumed sex worker, and Charlie’s story is about a debtor in possession financing.
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The topic of episode 25 was a sketchy investment opportunity that Charlie ran into, and all different types of lying and schemes investors run into.
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Episode 24 of Basement Tales discuss a strange auction Charlie encountered, a gunfight/shootout at a property Sam acquired, and how to fire a contractor.
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This episode discusses “development nightmares” and includes a story of Charlie receiving a call from an SEC lawyer about a real estate brokerage for one of his sons’ friends.
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The hosts of Basement Tales discuss problem tenants and Sandra shares a story about the “lumpy yard.”
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The tales in the episode are about checking vacancy at a property that had defaulted on a loan. The hosts also discuss liens and the risks involved. Charlie did a "nail polish test" on the car, dumpster, and front door.
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This episode covers the desperation of investors in the unprecedented market COVID has caused (re: low rates).
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This episode is about liens and the “second trust sandwich.”
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The hosts of Basement Tales sit down with Martin Saenz where he talks about non-performing-notes.
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The hosts of Basement Tales sit down with Catrina to discuss all the legal headaches associated with landlord tenant relationships and section 8 (which she corrected to HCVP, housing choice voucher program).
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This episode is about how a Capitol Hill property that was over encumbered having been a cascading hard money deal.
Dr. Joe Asamoah sits down with the hosts of Basement Tales to discuss how he maintains a strong relationship with his tenants.
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The episode talks about the “Bankruptcy Boogie” and legal issues with auction purchases and vacancy checks.
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The topics of the episode are pre-foreclosures and titles. One story of this episode centers around the “newspaper guy” who had money stored in massive stacks of newspapers.
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Episode 12 centers around setting up LLC’s and the importance of building relationships with lawyers.
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Basement Tales episode 11 centers around what Charlie called “The middle-class abyss” regarding the nature of few housing vacancies due to COVID coupled with poor financial knowledge from potential tenants.
TW: Episode 11 mentions death and baby loss that may be uncomfortable for some.
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Basement Tales features Charlie Einsmann, Sam Jacknin, Ed Grass and Sandra Delancy. Send us your questions and tales to yourstory@basementtales.com!
This episode centers around the difference between a judicial foreclosure state and a normal one like Virginia. We cover legal definitions of different kinds of foreclosures and how the processes work.
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The trials and tribulations of having/finding Section 8 Tenants.
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This episode is about dealing with excess bureaucracy and how to escalate matters up the chain to get things done in an effective way.
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Sandra’s new property in DC leads to a conversation about egressing (nail salon in basement), and Charlie shares a story about an absurdly low quote for tree removal that falls into the “trust and verify” mantra. Always double checking to make sure you aren’t being lied to.
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Stacie joins us to share her experience and bootstraps tale of finding distressed assets to buy and flip and buy and subdivide/develop to create a growing real estate empire from scratch.
Basement Tales episode 5 features Charlie Einsmann, Sam Jacknin, Ed Grass, Sandra Delancy and special guest, Stacie.
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Jad explains how to get your first rental/renter and keep rolling to your next 100 with “Buy Renovate Refinance Repeat” and build a nice cash flow and even better real estate portfolio with other people’s money.
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We look at a real estate deal that went south and opportunities that come up through the bankruptcy court.
Additionally, the team reviews what to do if you inherit a property and you want to flip it.
We cover how the real estate industry has responded to the pandemic.
Featuring Charlie Einsmann, Sam Jacknin, Ed Grass and Sandra Delancy.
For more information visit:
www.cskyfinancial.com
www.soldintwodays.com