SUBJECT: PIVEC, BROCK
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FILE: REAL ESTATE ANNEX JURISDICTIONS: MICHIGAN + ALABAMA STATUS: 2 DEALS IN CLOSING

Two doors, both in closing.

While the trading rebuild runs in public, the real estate lane went from cold lists to contracts: a duplex assignment in Grand Rapids, Michigan and a seller-financed single-family in Bessemer, Alabama, both sitting with the title company right now. This page documents them the way the rest of the file documents everything: honestly, and only what is real. Final numbers print here when the deals record, not before.

SEC. R-01

The active docket

Both deals were found off-market, negotiated directly with the sellers, and structured with creative finance. Names, exact addresses, and fee figures stay out of the public file until closing: that protects the sellers, the buyers, and the deals themselves. Everything below is real and current.

Exhibit RE-1 · assignment side● In closing

The mortgage takeover

Duplex · northwest Grand Rapids, Michigan

A tenant-occupied Section 8 duplex taken under contract subject-to: the seller's existing mortgage stays in place and the property is held through a land trust. I contracted it as a principal, then assigned the contract to a funded end buyer in June 2026, the first executed assignment in the file (it is on the front-page ticker).

  • Found off-market, negotiated direct
  • Purchase agreement signed
  • Assignment executed · June 2026
  • Buyer's earnest money in, non-refundable
  • Trust setup + title work · underway
  • Close of escrow · pending
Transaction coordination: Gold Key TC. Assignment fee prints on the settlement statement at closing; the number publishes here when it records.
Exhibit RE-2 · acquisition side● In escrow

The seller-finance single

Single-family · Bessemer, Alabama (metro Birmingham)

A single-family locked directly with the seller on seller financing: the seller carries the note, no bank in the middle. This is the acquisition lane of the same playbook, negotiated on the phone from the same lists the machine builds.

Structure, as contracted
Price$90,000 · seller carry
Down$10,000
Payment$500 / month
BalloonYear 10
  • Found off-market, negotiated direct
  • Terms agreed, contract signed
  • Opened escrow · Gold Key
  • Earnest money deposited
  • Title confirmation · pending
  • Close of escrow · pending
Escrow is where deals go quiet and sometimes die. This one has been slower than I want, and that goes in the file too. Updates post when something real happens.
SEC. R-02

How a 22-year-old gets two contracts to a title company

No license required for any of this, because I only ever buy and sell my own position in a contract. The playbook is old; the difference is the AI machine that runs the boring parts. Same system documented across the rest of this site.

Step 01 · the lists

Find the owner nobody else is calling

Pre-foreclosures, out-of-state landlords, tired Section 8 owners, expired listings. Public records, skip tracing, and a pipeline the machine rebuilds constantly. Grand Rapids and Bessemer both came out of lists like these, not the MLS.

Step 02 · the phone

Talk like a person, offer like an underwriter

Every deal is a conversation about the seller's actual problem: payments they do not want, a tenant they are done with, a house they left behind. The offer is whatever structure solves it: cash, subject-to (take over the payments), or seller finance (the seller becomes the bank). Both live deals are creative structures because that is what the sellers actually needed.

Step 03 · the paper

Contract as principal, protect everyone

Purchase agreement, disclosures, earnest money, review windows. On the assignment side, the end buyer takes my seat in the contract for a fee that prints on the settlement statement. No hidden anything: the buyer knows, the seller knows, the title company documents all of it.

Step 04 · the close

Let the professionals land the plane

A transaction coordinator (Gold Key on both files), a title company, and on the trust deal an experienced closer structuring it so everyone stays protected. This step is slow, unglamorous, and where deals die. Which is why nothing on this page is counted as money.

A deal is a story until it records. Then it is a receipt.
House rule · the real estate annex
SEC. R-03

The rules of this lane

Same honesty policy as the trading file. These are the standing rules the real estate lane runs on, written down so you can hold me to them.

R-1
Principal only. I buy and sell my own contract positions. I am not a real estate agent or broker, I do not list property for others, and nothing here is an offer of brokerage services.
R-2
No number before its time. Fees and profits publish after closing, from the settlement statement. Deals in escrow are worth exactly $0 until they record.
R-3
Sellers get the truth. Every seller knows what I am: an investor buying at a discount or on terms, not a rescuer, not an agent. Creative structures get explained in plain English before anyone signs.
R-4
Tenants are people. The Grand Rapids duplex is occupied. Whatever happens at closing, the tenants' housing does not become content.
R-5
Losses go in the file. If either deal dies in escrow, that gets documented with the same font size as a win. That is the whole point of this site.
SEC. R-05

Interrogatories

What is real estate wholesaling?
Putting an off-market property under contract as a principal, then selling that contract position to an end buyer for a fee. I never list the property for anyone else; the fee prints on the settlement statement at closing, in the open.
What is a subject-to (mortgage takeover) deal?
The buyer takes over the property while the seller's existing mortgage stays in place, usually held through a land trust. The loan is not assumed or refinanced. It has real risks, including the lender's due-on-sale clause, which is exactly why the Grand Rapids file has an experienced closer and a title company structuring it.
What is seller financing?
The seller acts as the bank: a price, a down payment, a monthly payment on a note, and a balloon date when the balance comes due. The Bessemer deal is $90,000 with $10,000 down, $500 a month, balloon in year ten.
Are these deals closed? Did you make money yet?
Not yet, and not yet. Both are in closing: contracts signed, earnest money in, title work underway. Deals die in escrow all the time, so this page counts nothing until it records. When either closes, the settlement numbers publish here and in the ledger.