This is Real Estate Rookie Episode 174.

My name is Ashley Care and I am here with my co-host Tony Robinson.

And welcome to the Real Estate Rookie podcast where what we focus on is those guys and girls

who are at the beginning of their real estate journey who are looking to get started or maybe

looking to scale from one unit to five or anything in between. But every week, twice a week,

we bring you the inspiration, the information you need to get started or keep going.

Ashley Care, what's up? What's new? What have we got going on today?

Well, I think we should tell everyone about maybe our phone calls that we just both got

at the same time. So Tony and I had to take a little break if it's mean recording because we both

got phone calls. Tony, go ahead and start with yours.

Yeah, so I've mentioned on the show a few times we've been looking to buy some commercial kind

of hospitality properties this year. And we've submitted several L.O.I. since the summer.

But it finally feels like we're inching closed on one. So I got a text from the broker. He said,

hey, Tony, please calm when you get a chance. So I knew this is either good news or bad news.

It was kind of in between. So we offered, you know, I think a little less than what the seller

was asking for. So he's saying if we can come up just a little bit,

that he thinks he can make the deal work. So I got to go back and kind of double check our underwriting

and see if we can make the numbers work. We gave ourselves some cushion we initially submitted

the offer. But, you know, we just want to be diligent because this will be our first big

syndication and not even big, you know, but it'll be our first syndication. But, you know,

I've mentioned before that buying a single family house and turning it into a short-term rental,

I can do all day. But, you know, doing the syndication and raising money from a bunch

...