“$2.3 Million In 2 Days” Part One of Four
My 6 month mentor program:
A few Case Study Video Interviews with my Students:
Read Transcript for “‘$2.3 Million In 2 Days’ Part One of Four”
Jim: I’m Jim Dralle. I’ve been with Joe Crump’s program for about five years and I head up the “Team Leader Program” with the coaching students.
Jim: You’re watching the late night television and you see the commercials for real estate investors or you read stuff in the paper. When I met Joe, I came with some of that stuff. I came with some of those thoughts about being a real estate investor, especially no money down. You’re thinking that you must be taking advantage of somebody to get this done and for you to be able to make money, and nothing could be further from the truth.
Jim: When I met Joe, I was recovering from a back surgery so I had been completely sort of ruined in my life. I had gone from being a filmmaker. I had gone from building up a really good career that took me about 10 years, and basically in one fell swoop, I was shot down. I was hurt. I couldn’t work anymore. I had to go through bankruptcy. I had a lot of financial trouble. I had a lot of pain. And so, in one very short moment, I went from doing very well to being in a jam.
Jim: As it happens, a good friend of mine, Billy, who I work with in the film business, asked me if I wanted to shoot a film for a friend of his in Indianapolis, who ended up being Joe Crump by the way. All I knew about the shoot was that Joe was an investment teacher and that he wanted to do an example video with one of his students and that’s basically all the information that he had. But, I was at home raising a couple of kids at the time, so I went from running film sets to running my house and two little toddlers, so I would have done just about anything to get out of my house and so I gladly agreed to do all of that.
Jim: So, we drove down to Indianapolis and I met Joe for the first time and Joe said, ‘What we’re going to try and do here over the next three days is one of my students, Osom, is going to try and buy a million dollars of property. We’re never going to use our own money and we’re never going to use our own credit.’ And again, I probably brought a lot of baggage to that as well. I’d seen the late night television commercials. I’d read a couple of books and this and that on investing. I assumed basically we would be having to take advantage of people to get that done. I knew it was doable so I was interested on one level but then again, I really didn’t expect that – I don’t know what I expected, but I expected something different than what happened.
Jim: We decided to try for three days and try and buy a million dollars of property. And anybody that knows anything about filming – we were shooting with 3 cameras, we had audio problems, difficulty setting up, all kinds of production issues so we went really late into the first day before we even got really started, and I remember calling my wife and saying that I wasn’t really sure how this was going to go. By the end of the second day, we had done 2.3 million dollars’ worth of property. I think that was 13 houses, about $355,000 worth of hard equity on deals that we had done. We never left the office in Indianapolis. We never used money or credit to do any of those things.
Jim: So, number one, I think that was one of the first most shocking things – that that could be done. And not only could it be done but I watched it get done, I filmed it and I got to listen to it. I edited it too. I spent about $100 with it so I got to listen to it over and over and over again, and that was the first surprising thing.
Jim: The thing that really shocked me that I didn’t expect, to be honest, was that the people who we were doing deals with, we helped. I knew enough about real estate to know that the people who we were talking to were really in a jam and there wasn’t anybody else who could come in and help them. These people weren’t in a position where anybody else could help them. These specific people – they all needed help, and we were really the only people could help them. And so that first day, I remember at the end of the second day, my memory of it was this: I called my wife up and I said, ‘I know what I’m going to do with the rest of my life.’ Now, my wife’s reply was, ‘It sounds like you joined a cult.’ And I said, ‘I know what it sounds like but you have to see it because it’s amazing.’
Jim: Truly that was the most incredible thing. And I don’t know at that point, I didn’t know what really happened but I knew it worked because I saw it work live. I got to listen to it work. I watched the faxes and the contracts come in from all over the country, and that part was amazing. I saw and I got to listen to people on the phone who were elated that they were getting a phone call and that we were helping them, because nobody else had helped them. And that stuff was shocking to me.
Jim: Five years later, what I’ve learned most, or what I find most interesting about this business at all, is not only do I get to do that, because I came from a business where – the film business and the music businesses aren’t the most friendly businesses in the world. As a matter of fact, they’re pretty rough businesses to grow up in. and, I got to do something where I made really good money and I got to help people.
Jim: And what I REALLY love about this business is not only can I make a really good living doing it and not only can I help people but – it gives me time. I get to choose how I live my life and that’s a whole different concept. And it’s not the first thing people think about when they get into this. When they get into this, it’s about making some money and making yourself stable. What I really love about this business is not only does it make me stable, but it gives me time – it gives me my life – it really does. Because you can make money, but if you’re tied to a job that you never get to leave or that you don’t like, what’s it worth? – I mean, really – what’s it worth?
Jim: This allows me to do something that I really like. It allows me to help people every day, so I get to do something that I enjoy. I love helping people. Really, I get a kick out of that. The fact that I can make good money doing that is excellent, and the unbeatable part of it is that I can help people and I get to live my life the way I want to – I get to stay home every day and see my kids off to school, and so does my wife. I get to watch my kids come home from school every day and I get to spend time with them the way I want to and I can run a really successful business doing all of that. So that is the most remarkable thing about this business. And the most grateful part for being able to do that. I couldn’t have asked to have met a better person or worked with a better group.
Jim: It’s funny – I always say that you always try to pick a destination in your life that you want to get to and that includes choosing a path to walk down to get there. I could have never chose the path that I got to that I used to get where I am at right now, but I couldn’t be more grateful for all of this stuff that happened – even the bad stuff. I went through surgery. I went through some really hard money times. I went through some really bad problems. My family – we had it hard for a while. And I wouldn’t trade any of it. My wife and I were just talking about that, and I have to say that I wouldn’t trade any of it because it got me to where I am at now and I couldn’t be happier. I couldn’t be happier. The time that I get to spend with my family and being able to do that comfortably, is bar none, the best thing in the world. So I’ve got the best job in the world.