Aluminum Years | Life For Sale

Aluminum Years | Life For Sale

October 14, 2019 100 By Luis Garrison


>>BEH MALLAH: WHAT THE F–K DO YOU MEAN, I’M NOT MYSELF? I BOUGHT THE PLACE FOR EIGHT BILLION BUCKS AND YOU KNOW, PROBABLY THROW A MILLION INTO IT AND HOPEFULLY IT’LL BE WORTH ABOUT 12 TO 13. REAL ESTATE 101. BUY IT. FIX IT. SELL IT. ♪ ♪>BEN: WE ARE HERE TODAY AT THE PROSPECT TOWER APARTMENTS FOR THEIR ANNUAL
CHRISTMAS PARTY. WE’RE PROVIDING A SUMPTUOUS DELICIOUS MEAL FOR THEIR LITTLE TUMMIES.>WOMAN: YOU’RE NOT SUPPOSED TO BE FILMING THIS. ♪>BEN: SO A FEW DAYS AGO WE CLOSED THE DEAL ON THIS 17 STORY 208 UNIT SENIOR APARTMENT COMPLEX. WE’RE GONNA COME IN HERE, WE’RE GONNA FIX THE PLACE UP. THIS PLACE IS IN MY OPINION A SLEEPING GIANT. IT’S A DIAMOND IN THE ROUGH AND THERE’S A LOT OF POTENTIAL FOR THIS PROPERTY. SANTA, YOU WEREN’T SUPPOSED TO SHAVE.>YEAH.>BEN: THOSE ARE SOME REAL SHORTS YOU GOT ON THERE.>BEN: AND IT’S NOT REALLY APPROPRIATE, TO TELL YOU THE TRUTH >JIMMY HART: WE HAVE A REBATES TO GO OVER, IT’S ALL READY FOR YOU. ♪>BEN: MERRY CHRISTMAS! I BOUGHT THE PLACE FOR EIGHT MILLION BUCKS AND YOU KNOW, PROBABLY THROW A MILLION INTO IT AND HOPEFULLY IT’LL BE WORTH ABOUT 12 OR 13. THE DEAL WAS, THERE WERE PEOPLE THAT WANTED TO PAY UP TO $2 MILLION MORE THAN ME. BUT WHEN THEY SAW THOSE PEOPLE WERE GOING TO PROBABLY JERK THEM AROUND AND NOT REALLY CARE ABOUT THE TENANTS THEY TOOK MY OFFER FOR $2 MILLION LESS BECAUSE THEY KNOW I’M FOR REAL. I’VE DONE STUFF ALL
OVER THIS TOWN. THEY KNOW WHO I AM. AND I’M GONNA TURN THIS PLACE AROUND AND MAKE IT A REALLY NICE MONEYMAKING PLACE AND STILL KEEP IT NICE FOR THE SENIORS. WE’RE GONNA PROBABLY HAVE TO TAKE THE NEXT YEAR TO FIX THIS PLACE UP AND GET IT TO WHERE IT SHOULD BE. AND THEN THERE SHOULD BE SEVERAL MILLION DOLLARS IN PROFIT FROM OUR HARD WORK OVER A WHOLE YEAR
OF FIXING IT UP, RAISING THE RENTS, MAKING IMPROVEMENTS, CUTTING EXPENSES THAT AREN’T NEEDED. IT’S PROBABLY BRINGING IN ABOUT 130 A MONTH RIGHT NOW. A HUNDRED GRAND WILL GO TO PAYING FOR EVERYTHING – THE BANK, THE TAXES, THE INSURANCE, THE MORTGAGE, THE PAYROLL, THE MAINTENANCE. AND THEN THERE SHOULD BE ABOUT 30 GRAND A MONTH LEFT AS A RETURN ON OUR INVESTMENT. BECAUSE WE DID PUT $1 MILLION DOWN. YOU KNOW, WE GOT A LOAN FROM THE BANK FOR ABOUT SIX MILLION EIGHT. AND WE’VE GOT ABOUT A MILLION TWO OF OUR OWN MONEY INTO IT. AND THEN WE’LL PROBABLY THROW ANOTHER HALF A MILLION AT LEAST IN IMPROVEMENTS. SO WE’LL PROBABLY BE IN THIS PLACE FOR ABOUT TWO MILLION BUCKS BY THE TIME IT’S ALL SAID AND DONE. AND HOPEFULLY THAT TWO MILLION WILL BE AT LEAST WORTH FOUR OR FIVE IN THE NEXT YEAR OR SO.>THREE AND SIX GOING TWICE. THREE AND SIX. ♪>JIMMY HART: A GREAT
TURNOUT TODAY. OVER 270 PEOPLE CAME IN TODAY. IT’S GOING TO BE A BEAUTIFUL YEAR COMING UP. YOU’RE UNDER NEW MANAGEMENT. AND SO FAR WHAT I’VE SEEN WITH THIS NEW MANAGEMENT IS UNBELIEVABLE. THEY’VE HAD A COUPLE OF DIFFERENT PARTIES SINCE THE TAKEOVER ABOUT FIVE MONTHS AGO. I KNOW PERSONALLY MYSELF I BROUGHT PIZZA OVER ONE WEEKEND I BROUGHT CHIPS AND SALSA, ONE OF MY FAVORITES, OVER THE WEEKEND. AND WHO KNOWS WHAT THE NEW YEAR HOLDS? ♪>BEN: I BOUGHT AND SOLD A LOT OF PROPERTIES IN MY CAREER. ALL DIFFERENT TYPES. BUT THE ONE THAT ACTUALLY I GET PLEASURE FROM IS THE SENIOR BUILDINGS. BECAUSE YOU KNOW, THESE ARE POOR OLD PEOPLE THAT PEOPLE HAVE FORGOTTEN, THEY’VE GOT NO FAMILIES. THEY GOT NO MONEY. WHATEVER HAPPENED IN THEIR LIFE IT DIDN’T TAKE THEM TO A VERY GOOD PLACE. SO THEY’RE HERE, STRUGGLING. I GET A TRUE PERSONAL SATISFACTION FEEDING PEOPLE, SENIORS THAT ARE HUNGRY OR PROVIDING THEM WITH A NICE PLACE TO LIVE AND HAVING SOME ACTIVITIES FOR THEM. THEY’RE NOT GONNA BE HERE MUCH LONGER. THEY’RE VERY SICKLY. THERE ARE A LOT OF PEOPLE HERE WITH NO LEGS, NO ARMS. CAN’T TALK. THEIR LIVES ARE MISERABLE. ♪ IF YOU CAN DO SOMETHING FOR SOMEBODY ELSE AND IT COST YOU, WHAT, A FEW BUCKS TO GIVE DINNER TO A COUPLE HUNDRED PEOPLE AND GIVE THEM A MUG AND MAKE THEM FEEL LIKE SOMEBODY GIVES A DAMN ABOUT THEM. YOU BLOW A FEW BUCKS BUT YOU MADE HUNDREDS OF PEOPLES’ DAY HERE WHERE THEY FEEL GOOD, THEY HAD A GOOD MEAL. YOU KNOW. ♪ I JUST YOU KNOW, WANT TO WISH EVERYBODY A MERRY CHRISTMAS, A HAPPY NEW YEAR. AND WE’RE GONNA DO EVERYTHING WE CAN TO MAKE OUR RESIDENTS HERE AT PROSPECT TOWERS COMFORTABLE AND HAPPY AND ENJOY THEIR GOLDEN YEARS. WHY DO THEY CALL IT GOLDEN YEARS? THEY’RE NOT REALLY THE BEST YEARS. I MEAN, THEY’RE MORE LIKE THE FRIGGING ALUMINUM YEARS. ♪ ♪>BEN: IF ANYBODY WANTS TO KNOW WHERE THE CELEBRITIES ARE NOW, HERE’S JIMMY HART NOW. HE’S HEADING TO PROSPECT SENIOR APARTMENTS. ♪