Speaker 1: News you needed. That's who You don't have to.
Speaker 2: Come running just as fast as we can.
Speaker 1: Shooter's gonna help me come.
Speaker 3: This is the Troubleshooter Show. No Tom Martino, Hey, hey, hey, hey.
Speaker 4: Tom Martino here and I welcome you to the show.
Speaker 4: What's going on with you? Let's make this a fun show.
Speaker 4: I'm at the mother Ship today. I had to see
Speaker 4: get my fix of Shannon before the end of the year. Uh,
Speaker 4: because uh, you just can't. You can't go a whole
Speaker 4: year without seeing him. Actually I haven't gone a whole year.
Speaker 4: And then we have guests today, well, we have a guest,
Speaker 4: but he makes up for two guests. He's our car,
Speaker 4: our car expert, Kevin Cocking, Uncle Kevin. I call im
Speaker 4: from Sheridan Auto Tech. And uhs Jeff was Jeff's supposed
Speaker 4: to note No, Jesse was supposed.
Speaker 5: To comunity he had at the horse.
Speaker 4: I hope he's okay, okay, okay. And then of course
Speaker 4: we have Deputy Doc and uh Kachina and Kachina Chlory
Speaker 4: and as I mentioned, Shannon, and we'll see who else
Speaker 4: is going to show up, maybe d maybe Bo, maybe
Speaker 4: someone else. But we're here to solve problems. That's what
Speaker 4: we do every day. Three Mark, Oh, he's I thought
Speaker 4: he was going to I am not leaving for a
Speaker 4: couple hours. Oh okay, that's good. Then great. You didn't
Speaker 4: hear what I said about you?
Speaker 6: Then?
Speaker 4: Yes, I always hear. I hear everything. Okay, Well I
Speaker 4: just said that there's not a note here. Actually there
Speaker 4: there are some note. No no, no, no, no, no notes.
Speaker 4: That would be too much. Asked, Hey, be happy I
Speaker 4: got all the inventory done. You're good man. You do
Speaker 4: a great honest to god, I'm I don't want to
Speaker 4: patronize you. I mean, I love it. Hey, let's talk
Speaker 4: to some people now, Gary. He wants to talk about
Speaker 4: an issue with one source. Now I've heard of one
Speaker 4: source before, but enlighten me here, Gary, what's going on
Speaker 4: with one source?
Speaker 6: Yes, sir, am I on now, yes you are sir, Yes, sir.
Speaker 6: We had an issue on our house. A heater went out. Well,
Speaker 6: story short. We called one source. They say they're locally,
Speaker 6: but either way, we heard the guy. When was this
Speaker 6: It was a December seventh is when it came out
Speaker 6: on a Saturday. Okay, one person came out. He said
Speaker 6: he couldn't get the part he said it was the
Speaker 6: part that he needed. Was they called a I would
Speaker 6: call this switch pressure switch.
Speaker 4: Yeah, okay, he went and he.
Speaker 6: Bought it Monday.
Speaker 4: Now we're talking about a regular hot air furnace.
Speaker 7: This is not a.
Speaker 6: Boiler, right, No, that's a regular furnace.
Speaker 4: Okay, got it one house.
Speaker 6: So he went and he got it and he installed it.
Speaker 6: And then well, prior to that, he said, there's nothing
Speaker 6: wrong with the heater. The motor's perfect. Everything's perfect, electrical
Speaker 6: bubb blah. So I told me, I'll go ahead and
Speaker 6: install it. He told me at that time and be
Speaker 6: like four hundred, four hundred, and I got four hundred
Speaker 6: and fifty four hundred and eighty four dollars.
Speaker 4: Did you have him do it? Yeah? God, we did okay.
Speaker 6: And he came back upstairs and he said, I he
Speaker 6: hay to tell you this. I don't want to take
Speaker 6: your seven hundred dollars from you. I really don't want to.
Speaker 6: I go what he goes, the motor's dad need me motor?
Speaker 6: So I said, well, how much is that going to cost?
Speaker 6: He said, well, I could run a couple of thousand
Speaker 6: the more told me and my wife put it in.
Speaker 4: I guess, well, why would you? Why would you?
Speaker 5: Ever?
Speaker 4: How old is your furnace?
Speaker 6: It's only about eight you's six years older? Thank ten?
Speaker 6: Maybe maybe ten if that?
Speaker 4: Well? Why why? Okay? So he said you had both
Speaker 4: the blower motor and you needed the pressure switch or
Speaker 4: did he change his mind about the pressure switch.
Speaker 6: No, he still put that in, and then he came
Speaker 6: back he said, we need a vent then assembly.
Speaker 4: Well, what is the ventilator inducer? That's not a fan.
Speaker 6: It's kind of like a fan slash. It looks kind
Speaker 6: of like a car fan. It only weighs out maybe
Speaker 6: a pounds maybe that there's six folks to take it
Speaker 6: off in two plug games.
Speaker 4: So anyway, okay, we're not talking about the blower motor.
Speaker 6: No, No, it's a it's an assembly or ventilator inducer.
Speaker 4: Okay, it's for your it's ventilator inducer is a fancy
Speaker 4: name for a fan in the flu or in the
Speaker 4: in the intake. Well, listen, that shouldn't cost that much.
Speaker 4: Just get that. That's a ripoff.
Speaker 6: Well, here's the thing, mister Martinez. First of all, I
Speaker 6: want to thank you. We've been listening for decades. Nobody
Speaker 6: will listen to me. What it is is when I
Speaker 6: asked with the old motor, I got this fish.
Speaker 4: How much was this total repair?
Speaker 8: Now?
Speaker 4: Everything?
Speaker 6: Three chelsands three thousand three?
Speaker 4: Do you have heat?
Speaker 6: Thirty two hundreds?
Speaker 4: Is it thirty seven to thirty two?
Speaker 6: Let me say, I'm trying to find that. Just one
Speaker 6: of them was two thy seven hundred and ninety one.
Speaker 4: I'm not going to do it, okay, that's why. And
Speaker 4: the other one was four so thirty two? Got it?
Speaker 4: So now hold on, man, here's what I need to know.
Speaker 4: Did they fix the problem.
Speaker 6: They fixed the problem, and I paid them because I
Speaker 6: didn't want them to lean me.
Speaker 4: Yeah, I know. Okay, So where does the sand right now?
Speaker 8: Where?
Speaker 4: What are you upset that you paid that much?
Speaker 6: Well, here's the problem. The problem gets worse now. I
Speaker 6: took the old motor down to an established license.
Speaker 4: When you say motor, okay, when you say motor, you're
Speaker 4: talking about a little blower fan, a little tiny fan
Speaker 4: like is in.
Speaker 6: A computer exact Well, it's about a car heater.
Speaker 4: Maybe, No, I I know what you mean.
Speaker 9: It.
Speaker 4: What it does is it pulls fresh air in from
Speaker 4: that okay.
Speaker 6: In fact, so I went down there and they gave
Speaker 6: me a paper saying there was nothing wrong with the
Speaker 6: old motor. So then we went to source one and
Speaker 6: I talked to the gentleman and I told him by
Speaker 6: the way, I went to Green Sure and I took
Speaker 6: the two old parts. Once they took off, they gave me.
Speaker 6: The price for the one is fifty three seventy seven
Speaker 6: and the price with that other assembly was two hundred
Speaker 6: and six dollars and two cents.
Speaker 4: So total parts are how much.
Speaker 6: Let's toget it one was fifty.
Speaker 4: Just total bro totals about three fifty three, about three
Speaker 4: hundred bucks. So well, hold on now for a place
Speaker 4: to come out and guaranteeing all that. Okay, I would
Speaker 4: say six hundred for parts. I know you don't like
Speaker 4: hearing it, and the world doesn't like hearing it, but
Speaker 4: that's just like, it's six hundred in parts. But how
Speaker 4: long were they at your house?
Speaker 6: That's than an hour they screwed and so.
Speaker 4: The total bill was thirty thirty two hundred. We got
Speaker 4: to call these clowns. We can just have to call
Speaker 4: them to justify it. Now, Listen, I've always said this before,
Speaker 4: and I'll say this about our same people. I don't
Speaker 4: control pricing, okay, and people are expensive, even our own
Speaker 4: people on referrals dot com. They're good, but that I
Speaker 4: think when I say expense, they're not cheap, I don't
Speaker 4: mean overly expensive. Okay, So I don't know if this
Speaker 4: is a fair price or not. I think we should
Speaker 4: research it, but it doesn't sound.
Speaker 6: Good to me, Miss Martineu. I went to Affordable punt
Speaker 6: in the heating. They're good lpit here in the Springs
Speaker 6: and their bit for the total job, same parts replacement
Speaker 6: and installed it five hundred and fifty seven.
Speaker 4: Yeah, but listen, that could be true. But I think
Speaker 4: one thing's unfair is asking someone else after you've had
Speaker 4: it done, did you tell them how much you were charged? Yes,
Speaker 4: they did, Okay, I don't want.
Speaker 5: To do that.
Speaker 4: I want to call up one of our buddies out there.
Speaker 4: Let's call Smith Kitchina. We know Mike's a great guy
Speaker 4: down there, Mike Robinson. Let's call Smith Plumbing, Heating, cooling,
Speaker 4: electric drains and as Kim to evaluate this for us.
Speaker 4: I just want to know roughly. I mean, like I said,
Speaker 4: we can't control pricing. If they got it done and
Speaker 4: it works, But you're saying there's nothing wrong with the
Speaker 4: damn motor.
Speaker 6: No, I got paperwork on that from the other company
Speaker 6: being in business for Census seventies. They put it in writing.
Speaker 4: Oh they did. Now listen, No, I don't care about
Speaker 4: cost of parts. Don't don't even bother me about cost
Speaker 4: of parts. Okay, we'll double the cost of parts. But
Speaker 4: I don't understand thirty seven hundred or thirty two hundred,
Speaker 4: especially when the dang thing that would didn't need replacing.
Speaker 4: So the name of this place is one source Kachina
Speaker 4: or let's talk to Mike if we can get them
Speaker 4: on the air, talk and then if we have to
Speaker 4: go further. I'm going to give this to Deputy Doc
Speaker 4: to shake it down. Because so hold on and Kaschina
Speaker 4: get the information for deputy Doc. But what I want
Speaker 4: you to do? Have you called them back and said
Speaker 4: I did some research, the parts were three hundred, even
Speaker 4: I gave you six hundred for parts. I didn't even
Speaker 4: need that one motor. Did you tell them all this, sir?
Speaker 6: I went in person, me and my son and I
Speaker 6: spoke to the gentleman and I told him, look, I.
Speaker 4: Just need no no, okay, okay, I did ask did
Speaker 4: you go now here's what I want to know what
Speaker 4: did they say? I just need to know that.
Speaker 6: He offered me one thousand dollars in future tune ups,
Speaker 6: and I tol him. Why would I want?
Speaker 4: Yeah, why would you want? Why would we want you?
Speaker 4: Your freaking clown, your piece of garbage. I'm getting pissed.
Speaker 4: If you're telling me the truth, I'm getting pissed. One
Speaker 4: source in Colorado Spring I'm pissed, all right, thank you
Speaker 4: very much. On a Friday, on a card day, I'm pissed.
Speaker 4: And I didn't want to be pissed today. I want
Speaker 4: to be happy.
Speaker 6: But miss Martine, everything I had in hard coffee, there's
Speaker 6: nothing nice. Everything in hard coffee, but nobody in Springs
Speaker 6: from town we lived, to the to the disc nobody
Speaker 6: would listen to me at all. And I tol him,
Speaker 6: but I got I got taken over three thousand dollars.
Speaker 6: I'm not even reasonable. Well, come on, give me a
Speaker 6: price list, but what the parts costing?
Speaker 5: The labels?
Speaker 4: It doesn't Matt, listen, Gary, let me let me just
Speaker 4: school you. Because I'm on your side. It's none of
Speaker 4: your business what they paid for parts. It's none of
Speaker 4: your business. And it's none of you. What is your
Speaker 4: business is what did they charge you? And was it
Speaker 4: reasonable and honest? That's all that matters. Okay, Now when
Speaker 4: I say reasonable, unfortunately they can overcharge and be expensive.
Speaker 4: What they can't do is lie to you about a
Speaker 4: part that did not need replacing. So I'm not going
Speaker 4: to demand that they tell me how much they paid
Speaker 4: for parts. And I'm not going to demand anything except
Speaker 4: did the motor need replacing or that little fan the
Speaker 4: inducer fan? And where was it properly replaced? And I
Speaker 4: think I want to get a gauge of what this
Speaker 4: job would cost somewhere else. I'm Tom Martinez. We got more.
Speaker 4: Come and go with a sure thing Denver's Best roofer
Speaker 4: Excel Roofing dot com. You don't pay a cent until
Speaker 4: you're content. Time for an insurance checkup, free, no obligation
Speaker 4: comparison call Compass Insurance paying too much your coverage at
Speaker 4: dozens of insurance companies find out now three all three
Speaker 4: seven seven one help. You'll think you're his only customer
Speaker 4: when you choose Frank durand Thereal estate man dot com
Speaker 4: to list your home with Remax Alliance three all three
Speaker 4: nine two zero sixteen twenty two. Hey, Tom Martino here
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Speaker 4: them to twelve grand. Anyway, let's keep going and we
Speaker 4: uh Kachina, are you getting Mike on from Colorado Springs?
Speaker 9: Can you?
Speaker 4: Okay? Thank you. I'm gonna move on then, and I'm
Speaker 4: going to talk to Chris. He says he has an
Speaker 4: issue with an ho A. Hello, Chris, what's happening? All right?
Speaker 4: Hold on, I'll get you right now my phone right there. Okay,
Speaker 4: there's the button. Okay, Chris, what's going on?
Speaker 7: Hey, thanks for taking my call. Yes, sir, we inherited
Speaker 7: a condo from my wife's dad. He passed away in
Speaker 7: twenty twenty one.
Speaker 4: Oh okay, twenty twenty one, this happened, all right, Yeah,
Speaker 4: so we took over the payments.
Speaker 7: Well I should. We paid it off and we are
Speaker 7: partner with our with my sister in MW.
Speaker 4: Okay, So he left it, he left it to two
Speaker 4: of you.
Speaker 7: Well there's three. We bought him out. It's complicated, but okay.
Speaker 4: So now so now your wife and her sister own it.
Speaker 7: Yes, that's correct.
Speaker 4: Okay.
Speaker 7: So now so we started paying you know, the bills, electricity, water.
Speaker 4: HOAP was Now who lives in it? By the way,
Speaker 4: we have rinters in there, okay.
Speaker 7: And so we started paying h OAF at two fifty
Speaker 7: a month, which seemed high for an eleven hundred square
Speaker 7: foot house.
Speaker 9: Yeah, I know, but it's but you know what you said.
Speaker 4: It's a condo, you said, though, yes, sir, okay.
Speaker 7: So then pass forward to April of this year. They
Speaker 7: actually it had been having some roof problems and they
Speaker 7: had a roof claim on one of the units.
Speaker 4: There's like twenty units I know, and there's going to
Speaker 4: be an assessment.
Speaker 7: Yeah, so they if they pre star HOA to six
Speaker 7: fifty a month for a three bedrooms condot.
Speaker 4: Yeah, for sure, for sure, it's happening all over the
Speaker 4: country and especially here in Colorado. In fact, they can
Speaker 4: do it. They can do it one of two ways.
Speaker 4: If if they're if they have a roof claim and
Speaker 4: they went short in the coffers and they want to
Speaker 4: build them up, then they would increase the dues. If
Speaker 4: they're short in the coffers literally short, then they can
Speaker 4: sometimes do an assessment, which means a one time payment
Speaker 4: from each homeowner.
Speaker 7: And that's what they're actually considering doing. So not only
Speaker 7: did they increase our hoah four hundred months, but now
Speaker 7: they're asking for an approval for an unknown amount for
Speaker 7: a loan. We don't know what that number is.
Speaker 4: Well, and like we're confused, Chris, can I explain something
Speaker 4: to you? And this is the mindset I find confusing.
Speaker 4: And I'm not criticizing you, but I want to give
Speaker 4: you a dose of reality and I'll make you smarter.
Speaker 4: I promise you. You're talking about the hoas if it's an
Speaker 4: entity other than yourself you are, or your your wife
Speaker 4: and her sister. They are part of the ha. Okay
Speaker 4: ha might have a management company and of course short
Speaker 4: of crooked ha people or a management company which about
Speaker 4: ninety nine point nine percent of the time. They're not crooked,
Speaker 4: but everyone thinks they are. But what I'm saying is
Speaker 4: short of that, the HOAY simply has to keep a budget.
Speaker 4: Now here's what happens over the years. Sometimes ha's try
Speaker 4: to get increases in fees and everyone votes them down.
Speaker 4: But what people don't realize is when you turn down
Speaker 4: an increase in an HOA fee and expenses keep going up,
Speaker 4: you will eventually run out of money. Okay, you will
Speaker 4: eventually run out of money or run short of money.
Speaker 4: At that time, the HOA or management company have to
Speaker 4: make a decision what do we do. In some cases
Speaker 4: they raise the ha but that's not enough, so in
Speaker 4: other cases they have to get a loan or they
Speaker 4: have to get an assessment. Either way, it's something that
Speaker 4: everyone has to do. It is not them against you now.
Speaker 4: The only time it's them against you as owners is
Speaker 4: if they are lying and cheating period. Other than that,
Speaker 4: if they need a loan, they don't know how much
Speaker 4: they're being honest, they don't have to tell you how much.
Speaker 4: I mean, what difference does it make to you if
Speaker 4: the loan is two hundred thousand or five hundred thousand
Speaker 4: if they need it. If they need it, they need it.
Speaker 4: It's up to you as an owner to attend meetings
Speaker 4: and look at the books and be informed. It is
Speaker 4: not a situation where the HOA is apart from you.
Speaker 4: If that's the one thing people do not understand. They
Speaker 4: have every right to see why they need a loan.
Speaker 4: What is the analysis, what is the budget? What is
Speaker 4: the paperwork? They shouldn't lie to you, and or not
Speaker 4: lie to you. They shouldn't hide that from you. Now
Speaker 4: are there times that the HOA are taking kickbacks and
Speaker 4: payments and management companies are charging too much? That could be,
Speaker 4: but very seldom. The best way to take control of
Speaker 4: the situation is to get involved, get involved in the meetings,
Speaker 4: or get involved on the board. Does I know that
Speaker 4: sounds overly simplistic, But you don't have a problem with
Speaker 4: the HOA. There is no problem. The problem is with
Speaker 4: the problem is with insurance and the problem is with
Speaker 4: contractors and prices. That's the real problem.
Speaker 7: I don't know who to be mad at because because
Speaker 7: I feel like there's something going on with insurance. We
Speaker 7: had insurance, they're roof claim. We had a roof claim
Speaker 7: and they won't pay it.
Speaker 4: Let me put it, Let me put it into perspective.
Speaker 4: Let me put it into perspective. I'll tell you who
Speaker 4: to be mad at. No One, No one in Colorado.
Speaker 4: In Colorado right now, you have to be insane to
Speaker 4: own a condo or a town home right now. It's
Speaker 4: the worst time in history to own anything like that
Speaker 4: because you have no control over the situation. Insurance companies
Speaker 4: are refusing to cover them, or they're saying the deductible's
Speaker 4: going to be you know, like eighty percent or fifty percent,
Speaker 4: or sometimes they say we're not going to cover you
Speaker 4: at all. Do you know there are condo projects right
Speaker 4: now that have no insurance for the roof. None. If
Speaker 4: the roof goes out, everyone in the condo project will
Speaker 4: have to pay twenty grand. Twenty grand, I mean we're.
Speaker 7: Paying it anyways, like we're we're the insurance won't cover us,
Speaker 7: so we are liable for the roof because no one
Speaker 7: will cover us.
Speaker 4: Well, there, that's another issue. If the insurance isn't paying,
Speaker 4: you have to ask why why isn't the insurance pay
Speaker 4: I agree, I mean why? I mean you guys could
Speaker 4: hire a public adjuster and make the insurance pay if
Speaker 4: it's due what reason I see. I don't understand this.
Speaker 4: You guys had hail damage and the insurance company said
Speaker 4: we're not going to cover it.
Speaker 7: I don't even think it was pail damage. It's it's
Speaker 7: just deteriorating.
Speaker 4: And well, okay, guess what insurance doesn't. Insurance is not
Speaker 4: a warranty. Sure insurance only covers Listen carefully, a casualty
Speaker 4: event that's a plane crashing into it, or a weather
Speaker 4: related incident that or a satellite crashing into it. It
Speaker 4: is not deterioration. The worst thing that can happen to
Speaker 4: a condo project is deterioration. Wait until the parking lot
Speaker 4: needs to be repaved, that's not an insurance thing. Or
Speaker 4: the swimming pool has to be rebuilt, or the fencing
Speaker 4: has to be redone, or it has to be painted
Speaker 4: on the outside. See this is what I'm telling people.
Speaker 4: They think when they move to a condo they don't
Speaker 4: have to worry about maintenance. They have to worry about
Speaker 4: maintenance just as much as any homeowner does. They just
Speaker 4: think that this HA is some entity that needs to
Speaker 4: take care of them. So, really, I know you didn't
Speaker 4: call for this, but you're going to be smarter for it. Chris,
Speaker 4: you are a part of the HOA and a part
Speaker 4: of the management company, and you have to take the
Speaker 4: bull by the horns in order to find out what's
Speaker 4: being done and if it's being done efficiently, and if
Speaker 4: anyone's cheating. If no one's cheating, then you're all victims
Speaker 4: of everything of like roofs wear out, parking lots wear out.
Speaker 4: Life has a way of doing that.
Speaker 10: Hey, I have a question.
Speaker 11: Can he call up the president of the HA and say,
Speaker 11: just on a friendly bay, say hey, look what's going on,
Speaker 11: where's the money coming from? And see if you can
Speaker 11: get some answers that way.
Speaker 4: Well, anybody can try, But I mean, yeah, if I'm
Speaker 4: president of the HUA, I don't want to take phone
Speaker 4: calls from two hundred owners. Owners. You go to a
Speaker 4: meeting and or you make a formal request. The bylaws
Speaker 4: set out exactly how to see the books. The bylaws
Speaker 4: set out exactly what your rights are. Now again, I
Speaker 4: want everyone who has an HOA excuse me and a
Speaker 4: condo and a townhome to listen. I am not giving
Speaker 4: them an excuse to lie and cheat. If that's happening,
Speaker 4: that's a different story. Here's the problem. It mostly is
Speaker 4: not happening, and people are just pissed off that they
Speaker 4: have to pay the piper. Go with a sure thing
Speaker 4: Denver's Best roofer Excel Roofing dot com. You don't pay
Speaker 4: a cent until you're content. Time for an insurance checkup free,
Speaker 4: no obligation. In comparison, call Compass Insurance paying too much
Speaker 4: your coverage at dozens of insurance companies find out now
Speaker 4: three all three seven to seven to one. Help. You'll
Speaker 4: think you're his only customer when you choose Frank durand
Speaker 4: the real estate Man dot com to list your home
Speaker 4: with Remax Alliance three all three nine two zero sixteen
Speaker 4: twenty two. Hi Tom Martino here, you know, going into
Speaker 4: the new year, there are things I never want to
Speaker 4: hear again in my life. Ever, one is every day
Speaker 4: on the Today Show or other shows. I don't want
Speaker 4: to hear about Taylor Swift. I don't really care. I mean,
Speaker 4: she's a wonderful woman, she's got a great concert, very talented.
Speaker 4: I don't want to hear about her life. I don't
Speaker 4: care about her life. Can we can we agree on
Speaker 4: that one? She she outsold the Beatles well, she she didn't.
Speaker 4: But well, let's talk about dollars. Well, yeah, of course,
Speaker 4: now that's talk about let's talk about this. I don't
Speaker 4: want to hear about body shaming or fat shaming anymore.
Speaker 4: I don't want to hear about people boohooing about it. Okay, Now,
Speaker 4: I think you should never be mean to people. I
Speaker 4: totally agree you shouldn't be mean. There's no reason to
Speaker 4: be mean. But when you say to somebody, hey, bro,
Speaker 4: that's not good for your blood pressure. You know you're
Speaker 4: drinking coffee, you go, am I? Am I blood pressure
Speaker 4: shaming him? I'm not am I? Or Hey, you know
Speaker 4: that that uv A tanning or uv B or whatever
Speaker 4: the hell it is. That the one that's really really,
Speaker 4: really bad. You're doing it every other day. It's not
Speaker 4: healthy for you. Am I son tan shaming them? I'm not, Hey,
Speaker 4: that's not good for your eyes? Man, I'm I shaming you.
Speaker 4: You're fat. I'm not body shaming you. It's obesity. It's bad.
Speaker 4: There is not one study in the entire universe that says, oh,
Speaker 4: it's okay, now, some obesity. I'm thinking, you know other
Speaker 4: people's business some obesity. You're right, But if you know
Speaker 4: someone Hey, By the way, some obesity people can't really
Speaker 4: help it is. It is metabolic and maybe some different issues.
Speaker 4: Most obesity is non most is non so. So I
Speaker 4: don't think the shaming. Why have we come to a
Speaker 4: point in America where we can't even everything is wrong
Speaker 4: because of the left. That's very easy. Everything is wrong.
Speaker 4: It's the woke, it's the DEI, it's all that real.
Speaker 4: Three seven one three talk seven one three eight two
Speaker 4: five five. All right, let's go back to the phones,
Speaker 4: and I'm going to talk to uh. Okay, now, who
Speaker 4: do we have?
Speaker 5: Garrett?
Speaker 4: Good? We have Garrett at eight eight eight heating dot com.
Speaker 4: Love Garrett. Hey, Garrett, how you doing man?
Speaker 12: Hey, Tomy Martinez doing good?
Speaker 4: Hey? We had And again I don't control pricing. I
Speaker 4: think fair prices, good prices, even expensive at times. Look,
Speaker 4: I don't care about pricing so much. I just want
Speaker 4: to give this guy a gauge. It was another company
Speaker 4: unrelated to you guys, and that he had a couple
Speaker 4: things done. A pressure switch which I don't know what
Speaker 4: that is, but it's a pressure switch that regulates when
Speaker 4: to turn on and off the the exhaust airfan inducer.
Speaker 12: Yeah, yeah, that's just a vacuum switch.
Speaker 4: Okay, so ye had the vacuum switch changed, and he
Speaker 4: had the exhaust airfan inducer, that little fan, not the
Speaker 4: big blower motor. But okay, he had them replaced. Oh yeah, okay,
Speaker 4: So what would be now? I don't want to go
Speaker 4: I just want to find out that. By the way,
Speaker 4: as it turned out, the supply house or or excuse me,
Speaker 4: another vendor told them there was nothing wrong with that
Speaker 4: motor at all. But that's neither here nor there, not
Speaker 4: for you. But can you explain what would it cost
Speaker 4: around in the market. I'm not talking about you necessarily today,
Speaker 4: but in your knowledge, what what is a fair price?
Speaker 4: Where a normal price for that?
Speaker 12: Well, there's a there's a lot of factors into that.
Speaker 12: There's high efficiency, standard efficiency, you know, modulating motors all
Speaker 12: the way down to a single stage markers.
Speaker 4: So there's a lot of wait, wait, so that would
Speaker 4: change That would change the inducer, I mean that fan.
Speaker 12: Yeah, that would change price substantially.
Speaker 4: Okay. I want to ask Gary. Let's ask Gary, Gary,
Speaker 4: what kind of furnace. What kind of furnace are we
Speaker 4: talking about?
Speaker 6: They're talking about a good one, I guess.
Speaker 4: And is it a high efficiency or regular. Do you
Speaker 4: know how old is? It's about eight years old?
Speaker 12: Okay? Do you know if it's a high efficiency furnace
Speaker 12: or a standard just regular? Just a regular, not a
Speaker 12: high efficiency, No, just a regular one. Okay. Yeah, you
Speaker 12: know the company pricing is all all the time and
Speaker 12: it really just depends on it really does depend on
Speaker 12: the company. But you know, what you have paid for
Speaker 12: that is down in the Colorad Springs market may be fair,
Speaker 12: but I would say that our pricing is definitely for
Speaker 12: a standard swap out. If you're talking very standard, that
Speaker 12: ours is definitely lower than that.
Speaker 4: Okay. In the Denver market, what would be would you
Speaker 4: think an average price for that vacuum switch?
Speaker 13: Average?
Speaker 12: And I would say vacuum switches fans and if they're
Speaker 12: doing all the checks and balances to make sure the
Speaker 12: system's safe after that instead of just you want to
Speaker 12: be in a park swapper. You always want to give
Speaker 12: a good service with you. You know, you don't want
Speaker 12: to if your cardinal and the canic and have them
Speaker 12: change attire and I'll not tell you the brakes you're bad, right,
Speaker 12: So yeah, you know, if you have the whole service done,
Speaker 12: you know, I would say Ridge fare pricing, which I
Speaker 12: hate to do because it's such a big gage.
Speaker 4: But so okay, okay, and see and thank you.
Speaker 5: Gary.
Speaker 4: I knew you would be us, be straight with us
Speaker 4: in general. And he's a great guy. And of course,
Speaker 4: don't forget they do that deep clean for forty five
Speaker 4: bucks and they have the best prices on high efficiency units.
Speaker 4: By the way, everyone should go high efficiency to these days. Now, Gary,
Speaker 4: here's the thing. Not only were you charged double of
Speaker 4: what the Denver market is, not that that's against the law,
Speaker 4: but you didn't even need the motor. So we're gonna
Speaker 4: give this I was gonna give it to Deputy Doc.
Speaker 4: But as he aptly pointed out, Deputy Bow used to
Speaker 4: be in this business. We're gonna give it to Bow
Speaker 4: to work on with this company.
Speaker 6: Okay, all right, that's so anything I can do to
Speaker 6: play it, you'll.
Speaker 4: Be hearing from him, Deputy Bow. I'm Tom Martine three
Speaker 4: zero three seven to one three talk seven one three
Speaker 4: eight two five five Frank durandereal Estateman dot com. We'll
Speaker 4: tell you what that house can sell for without going
Speaker 4: through a whole listing, no obligation. You're wondering what the
Speaker 4: hell's going on? Is my house gonna sell for a lot?
Speaker 4: Am I gonna make a lot of money? A little money?
Speaker 4: He'll just do it all. A complete analysis, free of charge, complimentary.
Speaker 4: Frank Duran, the real Estateman dot com one of the
Speaker 4: finest people I know three oh three nine two zero
Speaker 4: sixteen twenty two. Go with a sure thing Denver's best
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Speaker 4: Hey Tom Martino here three oh three seven one three
Speaker 4: talks seven one three eight two five five Back to
Speaker 4: the phones, and Uh, Mike wants to talk about a
Speaker 4: cracked windshield. Mike, what's happening? Man? Oh, there's me? Hold on,
Speaker 4: I don't even say it, don't even say it. There
Speaker 4: it's Okay, that's the button. Go ahead, Mike.
Speaker 8: I can.
Speaker 4: I could explain it to everyone, but I'm not going
Speaker 4: to go ahead, Mike. What's happening, man.
Speaker 14: Well, we we rented a little mini van in order
Speaker 14: to take some house guests around showing the state a
Speaker 14: little bit. And on the way back from the trip,
Speaker 14: we saw we had a crack in the windshield. We
Speaker 14: had paid for the rental with a credit card which
Speaker 14: has the the collision damage waiver, and in other words.
Speaker 4: They will they will pay up to the collision for
Speaker 4: up to the before you on the rental. Right, what
Speaker 4: card do you have? Capital one or which one?
Speaker 14: It's a Fidelity Visa.
Speaker 4: Card and it does have rental car coverage, is what
Speaker 4: you're saying it does.
Speaker 14: Okay, it's not as the primary coverage since we are
Speaker 14: our own automobile policy, right, the card will pay anything
Speaker 14: that the automobile policy doesn't cover.
Speaker 4: I don't even understand that part of it because I
Speaker 4: felt like that makes no sense. Yeah, none at all,
Speaker 4: because if you have an automobile policy, if you do
Speaker 4: the waiver, you shouldn't have anyway, it makes no sense.
Speaker 4: Keep going with your story.
Speaker 14: Okay, Well, I just need your advice. Yes, we haven't.
Speaker 14: We don't need to return the thing until Saturday. And
Speaker 14: well I haven't contacted either the rental car company or
Speaker 14: my automobile insurance company. Now what would be your advice
Speaker 14: should I go ahead?
Speaker 4: What was the name of that credit card? I want
Speaker 4: to hear that again.
Speaker 14: Well, it's the Fidelity, which is that, you know, investment company,
Speaker 14: Fidelity Visa?
Speaker 4: What is it?
Speaker 12: It's a visa card?
Speaker 4: Yeah, okay, yeah, Now listen, I need to know if
Speaker 4: you have glass coverage on your car. You are your
Speaker 4: primary insurance.
Speaker 14: Yes, we have a full glass coverage on our truck.
Speaker 4: Yes, okay, and that's the one that you Uh okay,
Speaker 4: So that should cover you on the rental, is the
Speaker 4: answer I.
Speaker 7: Would think, So, well it does.
Speaker 4: Yeah, if you have that coverage, it'll cover you. I
Speaker 4: can get Compass on, but they'll tell us the same thing.
Speaker 12: Mm hm.
Speaker 4: So you you call your insurance company and here's what
Speaker 4: they usually want to do. Because I went through the
Speaker 4: same exact thing, the same exact thing, a rental, I
Speaker 4: have zero deductible glass coverage. Brian Burns a Compass insurance
Speaker 4: group where you call for your insurance check up three
Speaker 4: three nine nine six, nine thousand. I called him and
Speaker 4: I said, Brian, what do I do? He says, Well,
Speaker 4: with another person's car, it's different than you going to
Speaker 4: get it done. When you have a rental car, you
Speaker 4: have them get it fixed and then send you the
Speaker 4: bill and your insurance pays it.
Speaker 15: You know, he's got that coverage on that credit card, man,
Speaker 15: So just call I got the eight hundred number here,
Speaker 15: call up the credit card claims and they're going to
Speaker 15: cover it.
Speaker 4: I mean, if you want to go through your glass coverage, fine, yeah.
Speaker 4: I want to ask you something, though, Mark, when you
Speaker 4: have both, can the rental car, can the credit card
Speaker 4: say we only back you up beyond your own insurance?
Speaker 4: Or in other words, can you choose which one you
Speaker 4: want to use?
Speaker 8: Yeah?
Speaker 15: Of course in this circumstance, because he used that credit card,
Speaker 15: he's covered up to seventy five thousand dollars for damage
Speaker 15: to the vehicle in theft.
Speaker 4: It doesn't have anything to do with liability, of course. Okay,
Speaker 4: so maybe you do that man.
Speaker 15: Yeah, that whole set you just somehow you read something incorrectly.
Speaker 15: It's not a secondary coverage, it's it's primary when it
Speaker 15: comes to damage to the vehicle.
Speaker 11: Hey, Mark, what is uh what if premiums go up
Speaker 11: if he just makes a uh windshield claim?
Speaker 4: Of course not No, they shouldn't. All they shouldn't. But
Speaker 4: those are not chargeable.
Speaker 15: But hold on, like Safeco who I have. It's only
Speaker 15: a certain amount of windshields per year, so it could affect.
Speaker 4: Him down the road if one of his own cars
Speaker 4: needs one. You have a certain number of windshields a year, right,
Speaker 4: I guarantee you do too, tyw, I know.
Speaker 10: No, he's just better off calling up visa.
Speaker 15: Well, yeah, because that's what the card's for. But you
Speaker 15: you reserved and paid for it with that.
Speaker 4: Visa, right I did? Yeah, so you're covered with them. Man,
Speaker 4: here's the number.
Speaker 15: It's one eight hundred five four six ninety eight oh
Speaker 15: six eight hundred and five four six ninety eight oh six.
Speaker 15: And that's where you make a claim for the fidelity
Speaker 15: visa coverage.
Speaker 14: Okay, that's that's not what my literature says. But you
Speaker 14: may be seeing something new.
Speaker 4: What what does your literature say?
Speaker 14: Well, I don't want to waste your time, but well.
Speaker 4: Just in your in general, what does it say.
Speaker 14: It says that the coverage that the card provides if
Speaker 14: I have my own insurance. Then the card is only
Speaker 14: secondary to cover something like the if you.
Speaker 4: Buy I see what he's saying.
Speaker 15: That's only if you buy the rental cars coverage of insurance,
Speaker 15: which you did it right?
Speaker 5: No he didn't, he tell me.
Speaker 15: Way forget Just call that number. They'll handle it. Bro
Speaker 15: Thank you, Mark, and thank you for calling.
Speaker 4: Let us know, Mike if you need anything else. I'm
Speaker 4: Tom Martino. Hey, we got on from Kevin here. We've
Speaker 4: taken car calls and all of your problems, questions and
Speaker 4: complaints coming up. I'm the troubleshooter show go with a
Speaker 4: sure thing Denver's best roofer Excel Roofing dot com. You
Speaker 4: don't pay a cent until you're content. Time for an
Speaker 4: insurance check up free, no obligation. In comparison, call Compass
Speaker 4: Insurance paying too much your coverage at dozens of insurance
Speaker 4: companies find out now three oh three seven seven to
Speaker 4: one help. You'll think you're his only customer when you
Speaker 4: choose Frank durand the real estate Man dot com to
Speaker 4: list your home with Remax Alliance three oh three nine
Speaker 4: two zero sixteen twenty two.
Speaker 1: Ripped news need so you don't have come running just
Speaker 1: as as we can. Shooter's gonna help come.
Speaker 3: This is the Troubleshooter Show. Now, Tom Martino, Hello.
Speaker 4: Tom Martino here, solving problems, answering questions, taking complaints, Marks
Speaker 4: on remote and then we have Deputy Dog here, we
Speaker 4: have Uncle Kevin Sheridan auto tech. Uncle Kevin. Somebody wants
Speaker 4: to know how often do they have to do their
Speaker 4: flushing of a coolant system?
Speaker 5: Typically every two years? Okay, depending on us and everything,
Speaker 5: but yeah, two years is standard.
Speaker 4: Okay, two years is standard for that. And uh what
Speaker 4: about when just maintaining there's nothing else to do? You
Speaker 4: just keep the level?
Speaker 14: Right?
Speaker 5: Yeah? Okay, yeah, so they're good long life any freezes,
Speaker 5: but yeah, two years, three years at the most.
Speaker 4: All right, three all three seven one three talk seven
Speaker 4: one three eight two five five Back to the phones.
Speaker 4: Darryl has a question on a loan for his property
Speaker 4: or for a property. Hey, hey, Daryl, what's going on?
Speaker 16: Oh?
Speaker 4: Cut, shut up, Mark, I'm gonna Darryl, what's that I'm
Speaker 4: doing better than Joe Biden? What's going on with you? Bro?
Speaker 17: Well, that's uh, that's okay, what's happening?
Speaker 6: Okay?
Speaker 17: So I think it's called a bridge loan, but.
Speaker 4: It's a bridge loan. Is a bridge loan is when
Speaker 4: you're you own a home, you're selling and you're buying
Speaker 4: a new one and you need something in between.
Speaker 17: Yeah, so kind of kind of like that. So I
Speaker 17: got a piece of property that under contact that closes
Speaker 17: in March.
Speaker 4: When you say a piece of property, you're talking about land.
Speaker 18: Yeah, okay, And and what what I'm what I'm looking.
Speaker 17: For is is to get a loan against the property
Speaker 17: before it closes and then pay it off at closing.
Speaker 4: Wait wait, wait, wait, why why do you need it
Speaker 4: before closing? Usually you pay at closing.
Speaker 17: No, no, no, no, I just I just need some
Speaker 17: money between now and closing.
Speaker 4: I understand that. I'm just asking not to be nosy,
Speaker 4: But for the reason, what do you need the money
Speaker 4: for before closing?
Speaker 17: Oh okay, I see what you're saying. Yeah, just for
Speaker 17: business expenses.
Speaker 4: Okay. It has nothing to do with the land.
Speaker 17: No, no, And the land is pretty and clear.
Speaker 4: Okay, then why did you even mention it? In other words,
Speaker 4: I was just confused. What you need is a loan period.
Speaker 17: Yeah, like the line of credit, yeah, or something like that, And.
Speaker 4: It has nothing to do with the land. You just
Speaker 4: need a loan.
Speaker 17: Well, but the reason why I brought the land up
Speaker 17: is because that would be I mean, I don't, I
Speaker 17: don't you know. Obviously that would be the collateral, right.
Speaker 4: Not if you don't own it. It would only be
Speaker 4: collateral when you own it.
Speaker 17: I own it.
Speaker 4: You said you close in March. Wait? Wait, are you
Speaker 4: buying or selling this property?
Speaker 5: Selling?
Speaker 4: Now? I understand. I'm so sorry, bro, I'm so sorry. Now,
Speaker 4: so you're selling. I just assume you're buying it. So
Speaker 4: you are selling your land. You have a contract on it,
Speaker 4: and you will get paid in March, and you need
Speaker 4: something to hold you over. I get it. Now. How
Speaker 4: sure is that closing?
Speaker 17: What do you mean?
Speaker 4: Well, how sure is the closing? If I wanted to
Speaker 4: loan your money?
Speaker 17: You said, yeah, it's it's it's it's like anything, right,
Speaker 17: It's not one hundred percent?
Speaker 7: Okay, all right?
Speaker 4: And what are the terms? When you close it? You're
Speaker 4: going to get cash cash? And how much are you
Speaker 4: selling it for?
Speaker 17: Ten million?
Speaker 4: What for ten million? What the hell kind of land
Speaker 4: do you have? Well?
Speaker 17: You know what land is, Tom, well, I.
Speaker 4: Do, but to be ten million, I'm just curious what?
Speaker 4: What where is where.
Speaker 17: You've done it, You've been there, You've done it.
Speaker 4: Yes, I have both the good and the bad and
Speaker 4: the ugly. But I want to ask you seriously, where
Speaker 4: is it? No no falling around?
Speaker 17: Where is it Well County?
Speaker 4: It's in well County, Well County. I don't think all
Speaker 4: of Weald Counties worth ten million? But okay, what kind
Speaker 4: of was waiting for that? Is it commercial? Is it residential?
Speaker 17: What is it residential?
Speaker 4: How much? How many acres?
Speaker 17: Seventy?
Speaker 4: Okay? And who's buying it? Developer? Okay? All right? And
Speaker 4: so did you get any earnest money? I'm trying. Here's
Speaker 4: why I'm asking, because the strength of that is going
Speaker 4: to be the strength of you getting alone. But you're saying,
Speaker 4: you're saying that even if you don't close, the land
Speaker 4: is your collateral. So would you allow someone right now
Speaker 4: then to put a first deed of trust on that land?
Speaker 17: Well, that's probably what it's going to take, right.
Speaker 4: I think it's going to take it. Yeah, But when
Speaker 4: you said line of credit and stuff, I thought you
Speaker 4: were talking unsecured. But okay, so you have two hundred
Speaker 4: and seventy acres and you truly okay, So two hundred
Speaker 4: and seventy acres. And what I want to know is this,
Speaker 4: how much do you have to borrow.
Speaker 17: A million?
Speaker 4: So with two? Now, that to me sounds like an
Speaker 4: o brainer because, first of all, I doubt, I doubt, well,
Speaker 4: I don't know. I don't know in Well County, if
Speaker 4: it was prime residential land you're talking you're talking a
Speaker 4: value of thirty seven thousand per lot. I'm not sure
Speaker 4: or per excuse me, per acre. I'm not sure it's
Speaker 4: worth that. Maybe it is. I don't know. I don't
Speaker 4: know anything about Well County. But what But the other
Speaker 4: thing you're talking makes more sense. You're looking for a
Speaker 4: million dollars hold on divided by two seventy. So let's see.
Speaker 4: So you're asking for thirty seven hundred dollars an acre
Speaker 4: for a loan, and I don't know. We let's put
Speaker 4: it out there, man, somebody.
Speaker 8: Origination see I want it? Yeah?
Speaker 17: And so what you know? And then and like I said,
Speaker 17: I've never done this before. But basically, then when at closing, look,
Speaker 17: then I investor.
Speaker 4: All kinds of things, including loans. And what Mark was
Speaker 4: talking about when he said ten percent origination fee might
Speaker 4: be a little high, but people are gonna want points
Speaker 4: up front. It's not high right now, there's no way
Speaker 4: for something like that. And for land and points they're
Speaker 4: gonna want at least I think sick. They won't go
Speaker 4: beyond sixty percent loan to value. So do you have
Speaker 4: an appraisal of the two seventy.
Speaker 5: I don't have.
Speaker 17: I don't have an appraisal. No, but I'm assuming the
Speaker 17: developer did or he wouldn't offer that.
Speaker 4: Well, that's not true at all, but sometimes they do
Speaker 4: it because they have a hunch. I want to ask
Speaker 4: you something. Do you have adjacent property?
Speaker 6: Yes?
Speaker 4: Okay? And I mean adjacent property you don't own.
Speaker 17: There's adjacent property I don't own, and there's adjacent property
Speaker 17: that I do own.
Speaker 4: Now, the adjacent how did you acquire all this land
Speaker 4: out of curiosity? Were you a farmer or what?
Speaker 5: Yes?
Speaker 4: Okay, and you're you're selling the farm one of them, okay,
Speaker 4: and then you know that.
Speaker 15: I think the bottom line, though, is if the collateral's there,
Speaker 15: whether it's his home, residence, the land all combined, it's
Speaker 15: gonna it's there.
Speaker 4: I mean it's a ten percent deal, ten percent interest.
Speaker 15: You're saying no, I'm saying a ten percent origination and
Speaker 15: then like closing ninety days or.
Speaker 17: Else ten percent origination. Say you're saying, you're saying one
Speaker 17: hundred thousand.
Speaker 4: Yeah, I'm not sure of that. I'm not sure. I'm
Speaker 4: not disputing it. I'm saying I'm not sure because like,
Speaker 4: let's get Brent Ivanson or someone on. Okay, but he
Speaker 4: doesn't do he doesn't know private loans, I don't think,
Speaker 4: but we can ask him. You're right. And here's the thing, Darryl,
Speaker 4: I have done. I have literally done private loans. In fact,
Speaker 4: Mark and I have done private loans. So Mark, we
Speaker 4: didn't charge ten percent, did we?
Speaker 15: I think in a case like this, once again, the
Speaker 15: biggest thing is if the.
Speaker 4: Collateral is there for.
Speaker 15: Me to loan that money to him, how long would
Speaker 15: you seriously need it?
Speaker 6: Man?
Speaker 4: When when is it a guaranteed payback? But to ask
Speaker 4: you can't ask for a ninety day?
Speaker 15: Well, my note would be note would be called in
Speaker 15: whatever time. Tom, I mean, I'm not going to sit
Speaker 15: on it for ten years.
Speaker 4: No, but if you get listen, man, if you get
Speaker 4: ten points, if you get ten points and you get
Speaker 4: a decent interest rate, it would be hoofy to have
Speaker 4: it out there for how long how long would it
Speaker 4: come back?
Speaker 17: In March?
Speaker 15: So, I mean he's talking four or five months, So
Speaker 15: I would stick with what I said it would be.
Speaker 15: It would be called do at that point. And you know,
Speaker 15: if something happens and we talked, that's fine, but the
Speaker 15: paperwork's not going to say that. But I would want
Speaker 15: ten percent origination and I wouldn't charge you any interest
Speaker 15: for the five months.
Speaker 4: Oh, I would get that, just the origination. That's different.
Speaker 4: That's a whole different ball game. That's way fairer. So
Speaker 4: you're talking from basically a flat fee loan for three months?
Speaker 10: Is why can't we use these other farmer's collective months?
Speaker 4: The loan five months? I'm sorry, Tom.
Speaker 17: Yeah, but that's I mean, you're talking right, I mean
Speaker 17: you're talking.
Speaker 11: But Darryl, why can't you use your other farm as collateral?
Speaker 4: For you have the other farm land paid?
Speaker 17: Yeah?
Speaker 4: Okay, well can't that well done?
Speaker 15: And you have I'm telling you, Brent can give us
Speaker 15: info on this. I know he doesn't do this kind
Speaker 15: of stuff through ideal we get.
Speaker 4: Does do this stuff, We'll get him on Mark. I
Speaker 4: also have a ton of investors that invest with me,
Speaker 4: and that's why I'm asking this question. I mean, I
Speaker 4: have all kinds of involved. How about you know another
Speaker 4: good one might be Barry I'm not sure. Actually he doesn't.
Speaker 4: I don't know if he does private stuff like this.
Speaker 4: But here's what we're gonna do. We're gonna ask Brent Ivanson.
Speaker 4: Let's get him on for my idea.
Speaker 15: I'm just curious what other people, not whether they'll do
Speaker 15: it or not, but what is the going rate or
Speaker 15: something like this?
Speaker 4: That's right, Darryl. If you truly have value, truly have value,
Speaker 4: there's gonna be no problem getting that money.
Speaker 8: Yeah, I don't.
Speaker 17: I mean, you're you know, talking ten percent. I just
Speaker 17: I mean, I guess that's what really I was fishing
Speaker 17: for more than anything.
Speaker 4: Well, I don't know it's he percent, Daryl. I don't
Speaker 4: know what it's going to cost you. The bottom line is,
Speaker 4: I cannot tell you what an investor will expect for
Speaker 4: for one million dollars for what really turns out to
Speaker 4: be a six month loan. You're looking for a six
Speaker 4: month loan of one million dollars, isn't that it in
Speaker 4: a nutshell?
Speaker 8: Yeah?
Speaker 4: Okay, so let's figure it out. Hold on, we'll ask
Speaker 4: some people who do loans I'll ask my finance people
Speaker 4: at Waveight Wealth Management, I'll ask him what, because we
Speaker 4: have funds that do stuff like that, but certainly not
Speaker 4: high risk, and it's land. Is Land is high risk
Speaker 4: for a few reasons because there, while there is value there,
Speaker 4: it also has to be purchased by someone who can
Speaker 4: extract the value and then some in other words, there
Speaker 4: are they're not plentiful buyers. The buyer have to be
Speaker 4: able to take the land, subdivide the land, sell the land.
Speaker 4: So that's why i'd be interested to know about your
Speaker 4: developer and how solid has that developer who's buying your land.
Speaker 4: Have they done similar ventures? Yeah, okay, it's it sounds
Speaker 4: like you're not a fool. It sounds like you know
Speaker 4: what you're doing. So hold on. We'll talk about that
Speaker 4: coming up and if anyone has any ideas, give us
Speaker 4: a call. Three oh three, seven to one three Talks
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Speaker 4: Denver's best roofer Excel Roofing dot com. You don't pay
Speaker 4: a cent until you're content. Time for an insurance check
Speaker 4: up free, no obligation. In comparison, call Compass Insurance paying
Speaker 4: too much your coverage at dozens of insurance companies find
Speaker 4: out now three all three seven to seven to one help.
Speaker 4: You'll think you're his only customer when you choose Frank
Speaker 4: durand the real estate Man dot com to list your
Speaker 4: home with Remax Alliance three all three nine two zero
Speaker 4: sixteen twenty two. Hi Tom Martino, you're a troubleshooter three
Speaker 4: all three seven one three talk three all three seven
Speaker 4: one three eight two five five. Welcome to the Shultz
Speaker 4: Keep going here. Brent Ivenson from Ideal Home Loans one
Speaker 4: of our experts. He is an expert in the loan industry,
Speaker 4: and even though they don't do private loans, they know
Speaker 4: a lot of people and I bet you they've participated
Speaker 4: before in the past with some things. Who knows. Brent,
Speaker 4: Thanks for being here, so you've got absolutely I know
Speaker 4: you probably get calls from people who need a private
Speaker 4: loan here and there, and you've probably hooked him up
Speaker 4: with an investor. Maybe not, but I know that you
Speaker 4: have to know a about them. And what we want
Speaker 4: to know is this. We got a guy that owns
Speaker 4: a lot of property, a lot of farmland in Weald
Speaker 4: County and he says he has a contract with a
Speaker 4: developer for two hundred and seventy acres for ten million bucks. Now, again,
Speaker 4: I don't know the strength of the contract or the
Speaker 4: buyer or anything. Darryl says, he does know that the
Speaker 4: buyer has done this before, has developed. So let's assume
Speaker 4: it's a decent contract. Let's just assume that for argument's sake,
Speaker 4: and he wants a bridge loan until closing. Closing's five months,
Speaker 4: so let's call it a six month loan of not
Speaker 4: the ten million, but of one million of it. So
Speaker 4: if he wanted to take two hundred and seventy acres
Speaker 4: and he wanted to do a one million dollar loan
Speaker 4: for six months, what do you think a lender, if
Speaker 4: truly it a praise in all of that? What loan
Speaker 4: to value do you think on a private loan on
Speaker 4: vacant land, would a lender be comfortable a private lender
Speaker 4: be comfortable with.
Speaker 19: You know, we don't see many of them on just Land. Normally,
Speaker 19: when we're dealing in that space, there's a dwelling attached
Speaker 19: to it, they're going to appraise the dwelling and they'll
Speaker 19: get pretty aggressive on the loan to value, you know,
Speaker 19: when we're dealing with the dwelling. So my guess would be,
Speaker 19: if you're only looking at ten percent of the appraised
Speaker 19: value or you know, the deal, let's call it, my
Speaker 19: guests would be you could go to a private investor
Speaker 19: and probably get that done. You might even be able
Speaker 19: to go to a local bank up there. That would happen.
Speaker 19: Appetation nobody.
Speaker 4: You know, that is a good question, Darryl. Have you
Speaker 4: tried a bank?
Speaker 20: Well, I haven't even It was just something that I'm just.
Speaker 13: Starting to No.
Speaker 4: I know you're just exploring this right now, Darrel, Yeah, yeah, Darrel, Right,
Speaker 4: what about this? What about this? Brent asked something and
Speaker 4: that is one tenth of the deal, and or you know,
Speaker 4: it's ten percent of the deal and all of that
Speaker 4: and you need it for about six months and so
Speaker 4: that all sounds and looks good where a lender shouldn't
Speaker 4: have a problem. But I'm asking for loan to value Brent,
Speaker 4: would you think they would still want fifty percent or
Speaker 4: sixty percent loan to value no more, or would they
Speaker 4: go eighty or ninety percent.
Speaker 19: Now we've had we've had numerous deals where again this
Speaker 19: is on just a home, not a working farm, not
Speaker 19: a bunch of acreage where they'll go to, you know,
Speaker 19: eighty five and ninety percent on these deals. And again,
Speaker 19: the way to think about this stuff, Tom, is these
Speaker 19: private equity guys, they want their money out for a
Speaker 19: year and then they want to back. So they're going
Speaker 19: to charge you a fairly hefty interest rate for that
Speaker 19: year to use that money, and then there is a
Speaker 19: balloon at the end of that year that's got to
Speaker 19: get paid back.
Speaker 4: What do you think, What do you think the points
Speaker 4: would be. Let's let's just talk points. What do you
Speaker 4: think they would be or would it be just interest?
Speaker 19: No, it would be interesting points. You know, it varies
Speaker 19: from deal to deal. You know, we've got a handful
Speaker 19: of guys that we use, and you know, it all
Speaker 19: depends on what their appetite is.
Speaker 15: Brent, I threw out there. Tell me what you think
Speaker 15: of this? Brent, I threw out there. Ten percent origination,
Speaker 15: six months deal, no interest.
Speaker 19: Yeah, they're gonna charge They're not gonna charge you ten
Speaker 19: percent origination. They'll probably charge you three maybe fourth. Then
Speaker 19: they're gonna want an interest right on top of that.
Speaker 19: That's right, all the money's out as well.
Speaker 4: Yeah, so so what would that interest be? Do you think,
Speaker 4: just from what you're hearing.
Speaker 19: Typically ten to eleven percent?
Speaker 4: Okay, so I mean my deal's better. Yeah, yeah, that
Speaker 4: would be.
Speaker 12: You're right.
Speaker 19: I agree your deal is better.
Speaker 4: But but Brent, I also said this with vacant land.
Speaker 4: You have to have a special buyer if you want
Speaker 4: to get a million dollars back on two hundred and
Speaker 4: seventy acres, even though it's worth way more, it's only
Speaker 4: worth way more after development. I mean not not after development,
Speaker 4: but if you have the capacity to develop, and that's
Speaker 4: a rare buyer, and and really that it's not as
Speaker 4: locked as you might think it is. But anyway, I
Speaker 4: appreciate your time. That's Brent Ivanson, Ideal Home Loans dot
Speaker 4: Com three h three eighth sixty seven seven thousand. So
Speaker 4: back to you, Darryl.
Speaker 20: Yeah, so so there's the kind So here's my question. Yes, knowing, yeah,
Speaker 20: not knowing anything. So does the does the contract mean anything.
Speaker 4: Yes, Yes, it does. Yes, it does. It means that
Speaker 4: they're going to be paid back if it's a solid contract.
Speaker 4: It absolutely does. Now, did you say you had earnest
Speaker 4: money on that contract?
Speaker 9: Yes? I got, Yes I did. I had.
Speaker 20: I had non refundable earnest money upfront that has already
Speaker 20: went in and out of escrow and it was non refundable.
Speaker 4: And how much was that? I just want to know.
Speaker 4: That'll tell us how serious the buyer is. Five hundred
Speaker 4: thousand man, Darryl, This sounds like a solid deal to me.
Speaker 4: It does. If you have somebody who put up five
Speaker 4: hundred grand that was yours to keep there, they're gonna close.
Speaker 4: They're gonna close all that.
Speaker 20: That's the reason why I did it, Tom, because I said,
Speaker 20: I'm not gonna I'm not going to put this thing
Speaker 20: out for because it's a year that it started out.
Speaker 20: That's what it was from start to finishes a year,
Speaker 20: and I said, I'm not gonna I'm not going to
Speaker 20: do this without hard money.
Speaker 5: That I know that.
Speaker 4: You're serious, Darryl, Daryl, you're a smart man here. I
Speaker 4: want to ask something else that'll tell you their seriousness
Speaker 4: to close. Because I have walked away from hard money
Speaker 4: before because I did some due diligence and it was
Speaker 4: the wiser move than to move forward. Now, I didn't
Speaker 4: put up five hundred grand, but I have walked away
Speaker 4: from two hundred before on a big project because of
Speaker 4: the due diligence. So my next question is this, what
Speaker 4: do dill legends did they conduct?
Speaker 20: Well, they've they've done quite a bit already.
Speaker 4: Have they been to the county. Have they been to
Speaker 4: the county with a put?
Speaker 20: Well, actually this is this is in the city.
Speaker 4: Limits, oh, in Greeley.
Speaker 21: In Greeley, Okay, so they've already went to They've already
Speaker 21: went through planning and zoning and the process.
Speaker 4: Darryl, leave your number with Leave your number with Kachina.
Speaker 4: You're a real This is a real deal in my opinion.
Speaker 4: I mean just what I'm hearing. I'll look into it, Okay, Darryl,
Speaker 4: I'll look into it.
Speaker 8: I would I also appreciate it.
Speaker 4: I would also advise this and listen carefully. I think
Speaker 4: you should try first. Conventional means it'll be cheaper for you.
Speaker 4: Try that.
Speaker 20: Well, Like I said, I you know, marks ten percent.
Speaker 20: He'd have to come work on the farm for free
Speaker 20: for six months.
Speaker 4: Yeah, no, no, no, no. You know what, when you
Speaker 4: think about what he was saying, he's talking about one
Speaker 4: hundred grand. Okay, you can just break that down pretty easily.
Speaker 4: One hundred grand divided by six right, and that's what
Speaker 4: you're talking about is sixteen grand and sixteen almost seventeen
Speaker 4: grand a month. Okay, so you have to just amortize that.
Speaker 4: See what it is. That is a little high.
Speaker 15: And I hate to tell it to both of you.
Speaker 15: I don't think it's high right now.
Speaker 4: Okay, well, did you do that?
Speaker 8: Hold on, hold on?
Speaker 4: No no, no, no, no, no, no no. Did you do
Speaker 4: the percentage on it? I haven't done the percentage yet.
Speaker 4: If you take a million dollars and you take sixteen
Speaker 4: thousand a month amortized, be twenty percent. Yeah, but you're
Speaker 4: only talking six months, right, Yeah, that's why it would
Speaker 4: be twenty percent. Anyway, here's the deal. I think that's
Speaker 4: highway robbery in my opinion, Daryn.
Speaker 9: If you're asking, well, I I that's why I said he's.
Speaker 4: Gonna have I sound we sound like this. We sound
Speaker 4: like the shark tank. Now where Mark and I are
Speaker 4: arguing over the deal, I'll give you this and I'll
Speaker 4: give you this and I'll give you a BackRub. Hey, Darryl, listen, man,
Speaker 4: seriously leave your information and uh but I implore you
Speaker 4: to explore local conventional banks. Okay, I'm Tom Martine. We
Speaker 4: have more coming right up on the Troubleshooter Show. Go
Speaker 4: with a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 4: You don't pay a cent until you're content. Time for
Speaker 4: an insurance check up free, no obligation. In comparison, call
Speaker 4: Compass Insurance paying too much your coverage at dozens of
Speaker 4: insurance companies find out now three O three seven seven
Speaker 4: to one help. You'll think you're his only customer when
Speaker 4: you choose Frank durand the real estate Man dot com
Speaker 4: to list your home with Remax Alliance three all three
Speaker 4: nine two zero sixteen twenty two. Hi Tom Martino here
Speaker 4: three all three seven one three talk three all three
Speaker 4: seven one three eight two five five. All right, did
Speaker 4: you get that guy's information? I'll bet you there are
Speaker 4: a lot of private investors that would be interested in
Speaker 4: that one. Yep, I emailed it to you. Thank you. Now.
Speaker 4: Deputy Bo's got a follow up, but lo, let me
Speaker 4: take Andrew first deputy. Uh, Andrew, you have an issue
Speaker 4: with Okay, this is for Kevin. It's a twenty thirteen
Speaker 4: f one fifty. Go ahead, Andrew, talk to us. Where
Speaker 4: you go? Yeah, Andrew, go ahead. Are you there? He's
Speaker 4: not there? Okay, I'm gonna put him on a hold.
Speaker 4: Check him. I thought he was there. I'm gonna take
Speaker 4: bo bo. What's going on with Shamphundai? When was that from?
Speaker 4: From December eleventh?
Speaker 9: Yeah? This was last Wednesday. Mar Major was the host. Okay,
Speaker 9: so this one's not turning out good at all. Oh,
Speaker 9: k yeah, it's bad. Kenny took his twenty twelve day in.
Speaker 9: He had battery issues, so they replaced the harness wiring harness,
Speaker 9: charged him a thousand dollars, took the vehicle out, drove
Speaker 9: it and only drove like four or five miles and
Speaker 9: the battery totally drained.
Speaker 15: It's got hybrid, tom, so you understand what we're talking about.
Speaker 9: Okay, So twelve Monday hybrid.
Speaker 4: Okay, okay, so go ahead.
Speaker 9: So he took the car back and then they said
Speaker 9: he needed a belt tensioner kit. That was eleven hundred dollars.
Speaker 9: He gave me the authorization to do that. So during
Speaker 9: all of this, one of the technics at this dealership
Speaker 9: told Kenny, hey, we think he it's of the text
Speaker 9: opinion that it's the battery. The battery losses l and
Speaker 9: that's what I tend to say.
Speaker 4: What was the original job again, did you say it
Speaker 4: was only it was only holding ten percent charge or no,
Speaker 4: that's not true. Here's what would happen.
Speaker 15: The battery would charge up, but it would be completely
Speaker 15: dead within ten miles.
Speaker 4: It was due to a charging issue, okay, and then
Speaker 4: that's when they started removing and replacing. So what happened
Speaker 4: what ended up happening.
Speaker 9: Now the dealership has told him that there's a noise
Speaker 9: in the transmission and in order to make the vehicle light,
Speaker 9: they want to replace the transmission. Kenny says, the transmission
Speaker 9: has nothing to do with it. Your text said, it's
Speaker 9: a battery issue. I have a lifetime work on a battery.
Speaker 9: I want you guys to replace the battle.
Speaker 4: How much did he spend up to this point twenty
Speaker 4: two hundred and still he still had the problem.
Speaker 9: The car is still at the shop. They have chomp und.
Speaker 9: They will not work, they will not look at the
Speaker 9: battery issue and they're not going to do anything till
Speaker 9: he agrees to replace the battery.
Speaker 4: So Tom, wait wait wait, you mean agree to replace
Speaker 4: the transmission.
Speaker 9: I'm sorry to transmission.
Speaker 5: Yes, sorry, Yeah, but they took twenty five hundred bucks
Speaker 5: before they did the transmia.
Speaker 4: Now here's what I want to know. Is there a
Speaker 4: way we can just have that independently evaluated by another dealer.
Speaker 9: Absolutely, that's a great, that's a great.
Speaker 15: Yeah, but he's going to be he's when he picks
Speaker 15: it up. I assume he's got to pay whatever he
Speaker 15: owes there now.
Speaker 4: Yeah, but I don't think we'll have a problem getting
Speaker 4: it back if it turns out they were full of crap.
Speaker 4: Oh look who we're dealing with. Well, small claims call
Speaker 4: Mark for twenty two hundred. I think that's true. I
Speaker 4: think I think he'd win if we can get it
Speaker 4: to a good place, and we know some good Hyundai
Speaker 4: places like Donald Hunday.
Speaker 9: Yeah. I I called the service manager three times, and
Speaker 9: on the fourth time, I said, look, we're gonna go.
Speaker 9: I'm gonna have that Kenny go to the dealer board.
Speaker 4: If you can, I can. I just tell you this, bro,
Speaker 4: Let me just tell you something. First of all, the dealer.
Speaker 4: Board's dealing only with They don't deal with service. They
Speaker 4: deal only in sales. But let me tell you about Schamp.
Speaker 4: They suck. Schamp is a terrible organization. Now, Schamp used
Speaker 4: to be a great organization. That's what's said about it.
Speaker 4: The kid took it over, no no, when the mom
Speaker 4: owned it Lisa. Actually the dad had it originally Ralph.
Speaker 4: Now then it went to Lisa, and then Lisa I think,
Speaker 4: sent it to her son, which was basically unfortunate. Her
Speaker 4: son's a freaking idiot.
Speaker 9: All right, Well, the caller doesn't want to really pay
Speaker 9: to pay the twenty two hundred tom because he feels
Speaker 9: that this aireen harness and belt tensioner didn't didn't solve
Speaker 9: the problem. It's still the battery just trained out.
Speaker 4: Are they looking? Would they let him go and get
Speaker 4: it checked?
Speaker 9: Probably not now now without paying the bill. I talked
Speaker 9: to the Pete Rash that he's this service manager. I
Speaker 9: called it on a back door number. He picked up
Speaker 9: the phone.
Speaker 7: He's very rude to me.
Speaker 9: He says, I'm not talking to you till we talked
Speaker 9: to our corporate attorneys back east, and I go.
Speaker 4: Oh wait, wait, wait, wait, wait wait wait, wait, wait,
Speaker 4: wait back you so wait, maybe Shamp's out of there too, now,
Speaker 4: is that the sense you got? They don't eat Shomps
Speaker 4: night him.
Speaker 9: I mean he had he had to go back east
Speaker 9: to talk to a corporate attorney and said, we don't
Speaker 9: need to talk to an attorney. Let's just help your
Speaker 9: customer that has had the car in there for several
Speaker 9: weeks and address the battery issue. And he just basically
Speaker 9: hung up on me once I told him who I was.
Speaker 4: Okay, it's it's I have a feeling that this is
Speaker 4: not I mean, does Shamps still own Shomp? Doesn't do anybody?
Speaker 4: Does anybody know? I actually don't know. We have to
Speaker 4: figure this out.
Speaker 9: I have a feeling he don't. Their customer service sucks.
Speaker 4: Well it again, that's hard to say because it always sucked.
Speaker 4: I mean after the sun took over. So it's either
Speaker 4: sucking more or sucking less. I don't know. This is
Speaker 4: terrible the message here though, for everyone avoids Shomp. They suck.
Speaker 4: That's all I can say. I mean, what else can
Speaker 4: we do?
Speaker 9: But I mean I guess here he'll have to try
Speaker 9: and maybe pay the bill to get the car. Do
Speaker 9: the car.
Speaker 4: Yeah, he can always go back and try to get
Speaker 4: some kind of resolution if it turns out they were
Speaker 4: full of horse crap? Do you think they were full
Speaker 4: of horse crap?
Speaker 9: What these two repairs?
Speaker 5: Yeah?
Speaker 9: Yeah, they It didn't solve the problem.
Speaker 4: Yeah, but sometimes just so you know, sometimes it's they
Speaker 4: need more than one thing, right keV.
Speaker 5: Well, yeah, but why weren't they worried about the transmission
Speaker 5: noise before they charge them twenty two hundred bucks? They're
Speaker 5: worried about it now that they won't warranty his battery,
Speaker 5: but they certainly didn't bring it up before they turn.
Speaker 4: Ye bo, They're totally unreasonable, right, yeah.
Speaker 9: Right, they want to replace the transmission and what does
Speaker 9: that have to do with the flipping battery? I get it,
Speaker 9: And they won't address the battery.
Speaker 5: He needs to get it out of it.
Speaker 4: I gotta take this break though. Uh. Three oh three
Speaker 4: seven one three eight two five five. Compass Insurance Group
Speaker 4: into a free insurance check up to make sure you're
Speaker 4: not paying too much, you're not under insured or maybe
Speaker 4: even over insured. It's all free and complementary due to
Speaker 4: Compass and the show three oh three nine nine six
Speaker 4: nine thousand. The Insurance Help Center dot com go with
Speaker 4: a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 4: You don't pay a cent until you're content. Time for
Speaker 4: an insurance check up free, no obligation. In comparison, call
Speaker 4: Compass Insurance paying too much your coverage at dozens of
Speaker 4: insurance companies find out now three all three seven to
Speaker 4: seven to one. Help. You'll think you're his only customer
Speaker 4: when you choose Frank durand the real estate Man dot
Speaker 4: com to list your home with Remax Alliance three all
Speaker 4: three nine two zero sixteen twenty two. Hi Tom Martino
Speaker 4: here three oh three seven one three talk seven one
Speaker 4: three eight two five five. I want to talk to
Speaker 4: uh Cris been waiting well, Deputy Bow. Oh, we talked
Speaker 4: to Deputy Bow. What are we gonna do about that?
Speaker 4: I mean, I don't really know yet. We're gonna have
Speaker 4: to try to figure out. Maybe he pays.
Speaker 5: He gonna have to pay the bill and get it moved.
Speaker 4: And pays by credit card, can contest it as well.
Speaker 4: Andrew's back. Andrew, you have hot air. You have hot
Speaker 4: air blowing out of the dry side on your f
Speaker 4: one fifty.
Speaker 19: Yeah, fifty.
Speaker 13: I can only get heats on the driver's side right now.
Speaker 22: Kevin, you say this, I think you take one of
Speaker 22: these every week. About blend the blending mote doors. You know,
Speaker 22: there's so many different actuators and doors inside there, the
Speaker 22: direct air different places.
Speaker 4: The fact that you're getting hot air somewhere means the
Speaker 4: heater course working.
Speaker 23: Yep, yep, yeah, you're just losing the only only one eater?
Speaker 13: Is it vacuum operated?
Speaker 5: Are those electric?
Speaker 12: Electric?
Speaker 5: Or electric? Little actuators sit on top of the doors.
Speaker 5: The door has like a stem on it, and the
Speaker 5: little motor will turn the door open or closed or
Speaker 5: halfway and so forth. So probably it's an actuator of
Speaker 5: the time.
Speaker 13: So I've got the floor shifter?
Speaker 7: Is that?
Speaker 13: Am I just going to have to tear everything apart.
Speaker 5: To get to it? You know, I've got to look
Speaker 5: at a diagram because there's so many different ones. Some
Speaker 5: you can actually we call it gumby. I got one
Speaker 5: guy's got real skinny flexible arms. He gets up in there.
Speaker 5: Uh so you can. Some you can get without pulling
Speaker 5: the parts. Something You got to pull the whole dash out.
Speaker 4: Oh no, yep, are you doing it yourself? Are you
Speaker 4: doing it yourself?
Speaker 13: Andrew it depends on I mean, I'll bring it into
Speaker 13: him and have them.
Speaker 5: Look out up on YouTube. You know, they'll give you
Speaker 5: some general ideas and.
Speaker 4: You can give me a general idea from what to what.
Speaker 5: Well, I don't know. I mean it could be one
Speaker 5: hundred bucks to you know, plus the actu waiter upwards
Speaker 5: to eight to twelve hundred bucks. That's a bit huge spread.
Speaker 4: Because of the parts.
Speaker 5: No, because one one you can get to like through
Speaker 5: the glove box. You take a leg glove box, That's
Speaker 5: what I'm asking. So another the next one though you
Speaker 5: have to pull the entire dash out.
Speaker 4: So if you can get to it, it's a few hundred.
Speaker 4: If you can't, it's.
Speaker 16: Been twelve to fifteen hundred bucks. Yeah, because of the labor. Yep, yeah, yep,
Speaker 16: here's your range, bro, I hope, geez. But you can
Speaker 16: find out with a vein number or something.
Speaker 5: Well, yeah, we can get a look at it.
Speaker 4: You have him take a look at it. Won't cost
Speaker 4: you anything. On Tom Martino three oh three seven one
Speaker 4: three Talks seven one three eight two five five. We
Speaker 4: got another two hours ago on the Troubleshooter Show, Solving problems,
Speaker 4: answering questions, taking blanks. Go with a sure thing Denver's
Speaker 4: Best roofer Excel Roofing dot com. You don't pay a
Speaker 4: cent until you're content. Please time for an insurance check
Speaker 4: up free, no obligation comparison call Compass Insurance paying too
Speaker 4: much your coverage at dozens of insurance companies find out
Speaker 4: now three oh three seven seven one help. You'll think
Speaker 4: you're his only customer when you choose Frank durand the
Speaker 4: real estate Man dot com to list your home with
Speaker 4: Remax Alliance three oh three nine two zero sixteen twenty two.
Speaker 1: Ripped news needs so you don't have run as can
Speaker 1: Shooter's gonna help.
Speaker 2: Come.
Speaker 3: This is the Troubleshooter Show. No Tom Martinez.
Speaker 4: Hello, I'm Martino here, solving problems, answer questions, taking complaints.
Speaker 4: Mark's on remote. And then we have Deputy Dog here.
Speaker 4: We have Uncle Kevin Sheridan Auto tech Uncle Kevin. Somebody
Speaker 4: wants to know how often do they have to do
Speaker 4: their flushing of a coolant system?
Speaker 5: Typically every two years? Okay, depending on you, sence and everything,
Speaker 5: but yeah, two years is standard.
Speaker 4: Okay, two years is standard for that? And uh what
Speaker 4: about when just maintaining there's nothing else to do you
Speaker 4: just keep the level right?
Speaker 5: Yeah? Okay, Yeah, so they're good long life any freezes,
Speaker 5: but yeah, two years, three years at the most.
Speaker 4: All right, three all three seven one three talk seven
Speaker 4: one three eight two five five. Back to the phones.
Speaker 4: Darryl has a question on a loan for his property
Speaker 4: or for a property. Hey, hey, Daryl, what's going on?
Speaker 21: Oh?
Speaker 4: Cut, shut up, Mark, I'm gonna Darryl. What's that I'm
Speaker 4: doing better than Joe Biden? What's going on with you?
Speaker 11: Bro?
Speaker 20: Well, that's uh, that's okay, what's happening?
Speaker 6: Okay?
Speaker 17: So I think it's called a bridge loan, but it's
Speaker 17: a bridge loan.
Speaker 4: Is a bridge loan is when you're you own a home,
Speaker 4: you're selling and you're buying a new one and you
Speaker 4: need something in between.
Speaker 17: Yeah, so kind of kind of like that. So I
Speaker 17: got a piece of property that's under contact that closes
Speaker 17: in March.
Speaker 4: When you say a piece of property, you're talking about land.
Speaker 18: Yeah, okay, And and what what I'm what I'm looking.
Speaker 17: For is is to get a loan against the property
Speaker 17: before it closes, and then pay it off at closing.
Speaker 4: Wait wait, wait, wait, why why do you need it
Speaker 4: before closing? Usually you pay at closing.
Speaker 17: No, no, no, no, I just I just need some
Speaker 17: money between now and closing.
Speaker 4: I understand that. I'm just asking not to be nosy.
Speaker 4: But for the reason, what do you need the money
Speaker 4: for before closing?
Speaker 17: Oh okay, I see what you're saying. Yeah, just for
Speaker 17: business expenses.
Speaker 4: Okay, it has nothing to do with the land.
Speaker 17: No. No, And the land is pretty and clear.
Speaker 4: Okay, then why did you even mention it? In other words,
Speaker 4: I was just confused. What you need is a loan period.
Speaker 17: Yeah, like the line of credit, yeah, or something like that.
Speaker 4: And it has nothing to do with the land. You
Speaker 4: just need a loan.
Speaker 17: Well, But the reason why I brought the land up
Speaker 17: is because that would be I mean, I don't I
Speaker 17: don't you know. Obviously that would be the collateral, right.
Speaker 4: Not if you don't own it. It would only be
Speaker 4: collateral when you own it.
Speaker 17: I own it.
Speaker 4: You said you close in March. Wait, wait, are you
Speaker 4: buying or selling this property?
Speaker 5: Selling?
Speaker 8: Now?
Speaker 4: I understand. I'm so sorry, bro, I'm so sorry. Now,
Speaker 4: so you're sell it. I just assume you're buying it.
Speaker 4: So you are selling your land. You have a contract
Speaker 4: on it, and you will get paid in March and
Speaker 4: you need something to hold you over. I get it. Now.
Speaker 4: How sure is that closing?
Speaker 17: What do you mean?
Speaker 9: Well?
Speaker 4: How sure is the closing?
Speaker 20: If I wanted to loan your money, you said, yeah,
Speaker 20: it's it's it's.
Speaker 17: It's like anything, right, It's not one hundred percent?
Speaker 4: Okay?
Speaker 6: All right?
Speaker 4: And what are the terms? When you close it? You're
Speaker 4: gonna get cash?
Speaker 9: Cash?
Speaker 4: And how much you selling it for?
Speaker 17: Ten million?
Speaker 4: What for ten million? What the hell kind of land
Speaker 4: do you have?
Speaker 6: Well?
Speaker 17: You know what land is, Tom, Well, I.
Speaker 4: Do, but to be ten million, I'm just curious what what?
Speaker 4: Where is it?
Speaker 8: Where you've done it?
Speaker 17: You've been there, you've done it.
Speaker 4: Yes, I have both the good and the bad and
Speaker 4: the ugly. But I want to ask you seriously, where
Speaker 4: is no no fooling around?
Speaker 17: Where is it Well County?
Speaker 4: It's in well County, Well County. I don't think all
Speaker 4: of wald counties worth ten million? But okay, what kind
Speaker 4: of was waiting for that? Is it commercial? Is it residential?
Speaker 17: What is it presidential?
Speaker 4: How much? How many acres?
Speaker 17: Two and seventy?
Speaker 4: Okay? And who's buying it?
Speaker 14: Developer?
Speaker 4: Okay? All right? And so did you get any earnest money.
Speaker 4: I'm trying. Here's why I'm asking, because the strength of
Speaker 4: that is going to be the strength of you getting
Speaker 4: a loan. But you're saying, you're saying that even if
Speaker 4: you don't close, the land is your collateral. So would
Speaker 4: you allow someone right now then to put a first
Speaker 4: deed of trust on that land?
Speaker 17: Well, that's probably what it's going to take, right.
Speaker 4: I think it's going to take it. Yeah, But when
Speaker 4: you said line of credit and stuff, I thought you
Speaker 4: were talking unsecured. But okay, so you have two hundred
Speaker 4: and seventy acres and you truly okay, So two hundred
Speaker 4: and seventy acres, And what I want to know is this,
Speaker 4: how much do you have to borrow.
Speaker 17: A million?
Speaker 4: So with two Now, that to me sounds like an
Speaker 4: o brainer because, first of all, I doubt, I doubt, well,
Speaker 4: I don't know. I don't know in Welld County, if
Speaker 4: it was prime residential land, you're talking you're talking a
Speaker 4: value of thirty seven thousand per lot. I'm not sure
Speaker 4: or per excuse me, per acre. I'm not sure it's
Speaker 4: worth that. Maybe it is, I don't know. I don't
Speaker 4: know anything about Weld County. But what But the other
Speaker 4: thing you're talking makes more sense. You're looking for a
Speaker 4: million dollars hold on divided by two seventy. So let's see.
Speaker 4: So you're asking for thirty seven hundred dollars an acre
Speaker 4: for a loan and I don't know. We let's put
Speaker 4: it out there, man, somebody.
Speaker 8: Origination see I want it? Yeah?
Speaker 17: And so what you know? And then and like I said,
Speaker 17: I've never done this before. But basically, then when at
Speaker 17: closing look.
Speaker 4: Then I inator all kinds of things, including loans and
Speaker 4: what Mark was talking about when he said ten percent
Speaker 4: origination fee might be a little high, but people are
Speaker 4: gonna want points up front. It's not high right now,
Speaker 4: there's no way for something like that. And for land
Speaker 4: and points, they're gonna want at least I think sixty.
Speaker 4: They won't go beyond sixty percent loan to value. So
Speaker 4: do you have an appraisal of the two seventy.
Speaker 6: I don't have.
Speaker 17: I don't have an appraisal. No, but I'm assuming the
Speaker 17: developer did or he wouldn't offer that.
Speaker 4: Well, that's not true at all, but sometimes they do
Speaker 4: it because they have a hunch. I want to ask
Speaker 4: you something. Do you have adjacent property? Yes? Okay, And
Speaker 4: I mean adjacent property you don't own.
Speaker 17: There's adjacent property I don't own, and there's adjacent property
Speaker 17: that I do own.
Speaker 4: You, Jason, how did you acquire all this land out
Speaker 4: of curiosity? Were you a farmer or what?
Speaker 9: Yes?
Speaker 4: Okay, and you're you're selling the farm one of them, okay,
Speaker 4: and then you know that.
Speaker 15: And I think the bottom line, though, is if the
Speaker 15: collateral's there, whether it's his home, residence, the land all combined,
Speaker 15: it's gonna it's there.
Speaker 4: I mean it's a ten percent deal, ten percent interest.
Speaker 15: You're saying, No, I'm saying a ten percent origination and
Speaker 15: then like closing ninety days or.
Speaker 17: Else ten percent origination. Say you're saying, you're saying one
Speaker 17: hundred thousand.
Speaker 4: Yeah, I'm not sure of that. I'm not sure. I'm
Speaker 4: not I'm not disputing it. I'm saying I'm not sure
Speaker 4: because like, let's get Brent Ivanson or someone on. Okay,
Speaker 4: but he doesn't do he doesn't know private loans, I
Speaker 4: don't think, but we can ask him. You're right. And
Speaker 4: here's the thing, Darryl, I have done. I have literally
Speaker 4: done private loans. In fact, Mark and I have done
Speaker 4: private loans. So Mark, we didn't charge ten percent, did we?
Speaker 15: I think in a case like this, once again, the
Speaker 15: biggest thing is if the collateral is there for me
Speaker 15: to loan that money to him, how long would you
Speaker 15: seriously need it?
Speaker 4: Man? When when is it a guaranteed payback? But to
Speaker 4: ask you can't ask for a ninety day.
Speaker 15: Well, my note would be my note would be called
Speaker 15: in whatever time, Tom. I mean, I'm not going to
Speaker 15: sit on it for ten years.
Speaker 4: No, but if you get listen, man, if you get
Speaker 4: ten points, If you get ten points and you get
Speaker 4: a decent interest rate, it would be hoofy to have
Speaker 4: it out there for how long? How long would it
Speaker 4: come back?
Speaker 17: In March?
Speaker 15: So, I mean he's talking four or five months, So
Speaker 15: I would stick with what I said it would be.
Speaker 15: It would be called do it that point, and you know,
Speaker 15: if something happens and we talked, that's fine, But the
Speaker 15: paperwork's not going to say that. But I would want
Speaker 15: ten percent origination, and I wouldn't charge you any interest
Speaker 15: for the five months I would get that.
Speaker 4: Just the origination. That's different. That's a whole different ball game.
Speaker 4: That's way fairer. So you're talking from basically a flat
Speaker 4: fee loan for three months is why can't you.
Speaker 10: Use his other farmer's collabse the loan five months?
Speaker 17: I'm sorry, Tom, Yeah, but that's I mean, you're talking
Speaker 17: ten percent, right, I mean you're talking ten percent.
Speaker 11: But Darryl, why can't you use your other farm as
Speaker 11: collateral for me?
Speaker 4: You have the other farm land paid?
Speaker 17: Yeah?
Speaker 4: Okay, well can't that be well done?
Speaker 15: And you have I'm telling you, Brent can give us
Speaker 15: info on this. I know he doesn't do this kind
Speaker 15: of stuff through ideal. Get me does do this stuff.
Speaker 4: We'll get him on. Mark. I also have a ton
Speaker 4: of investors that invest with me, and that's why I'm
Speaker 4: asking this question.
Speaker 15: I mean, I have all kinds of involved. How about
Speaker 15: you know another good one might be Barry. I'm not
Speaker 15: sure actually he I don't know if he does private
Speaker 15: stuff like this. But here's what we're gonna do. We're
Speaker 15: gonna ask Brent Ivinson. Let's get him on for my idea.
Speaker 15: I'm just curious what other people, not whether they'll do
Speaker 15: it or not, but what is the going rate or
Speaker 15: something like this?
Speaker 4: That's right, Darryl, if you truly have value, truly have value,
Speaker 4: there's going to be no problem getting that money.
Speaker 8: Yeah, I don't.
Speaker 17: I mean, you're you know, you're talking ten percent. I
Speaker 17: just I mean, I guess that's what really I was
Speaker 17: fishing for more than anything.
Speaker 4: Well, I don't know it's ten percent, Daryl, I don't
Speaker 4: know what it's going to cost you. The bottom line
Speaker 4: is I cannot tell you what an investor will expect
Speaker 4: for one million dollars for what really turns out to
Speaker 4: be a six month loan. You're looking for a six
Speaker 4: month loan of one million dollars, isn't that it in
Speaker 4: a nutshell?
Speaker 8: Yeah?
Speaker 4: Okay, so let's figure it out. Hold on, We'll ask
Speaker 4: some people who do loans. I'll ask my finance people
Speaker 4: at Wave eight Wealth Management. I'll ask him what, because
Speaker 4: we have funds that do stuff like that, but certainly
Speaker 4: not high risk. And it's land. Is Land is high
Speaker 4: risk for a few reasons because there, while there is
Speaker 4: value there, it also has to be purchased by someone
Speaker 4: who can extract the value and then some in other words,
Speaker 4: there are they're not plentiful buyers. The buyers have to
Speaker 4: be able to take the land, subdivide the land, sell
Speaker 4: the land. So that's why I'd be interested to know
Speaker 4: about your developer and how solid has that developer who's
Speaker 4: buying your land, have they done similar ventures? Yeah, okay,
Speaker 4: it's it sounds like you're not a fool. It sounds
Speaker 4: like you know what you're doing. So hold on. We'll
Speaker 4: talk about that coming up, and if anyone has any ideas,
Speaker 4: give us a call. Three h three seven to one
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Speaker 4: one help. You'll think you're his only customer when you
Speaker 4: choose Frank durand Thereal estate man dot com to list
Speaker 4: your home with Remax Alliance three all three nine two
Speaker 4: zero sixteen twenty two. Hi Tom Martino, your troubleshooter three
Speaker 4: all three seven one three talk three all three seven
Speaker 4: one three eight two five five. Welcome to the Shultz
Speaker 4: Keep going here. Brent Ivenson from my Deal Home Loans
Speaker 4: one of our experts. He is an expert in the
Speaker 4: loan industry, and even though they don't do private loans,
Speaker 4: they know a lot of people and I bet you
Speaker 4: they've participated before in the past with some things. Who knows. Brad,
Speaker 4: Thanks for being here so as I know, you probably
Speaker 4: get calls from people who need a private loan here
Speaker 4: and there, and you've probably hooked him up with an investor.
Speaker 4: Maybe not, but I know that you have to know
Speaker 4: about them. And what we want to know is this.
Speaker 4: We got a guy that owns a lot of property,
Speaker 4: a lot of farmland in Weald County and he says
Speaker 4: he has a contract with a developer for two hundred
Speaker 4: and seventy acres for ten million bucks. Now, again, I
Speaker 4: don't know the strength of the contract or the buyer
Speaker 4: or anything. Darryl says he does know that the buyer
Speaker 4: has done this before, has developed, So let's assume it's
Speaker 4: a decent contract. Let's just assume that for argument's sake,
Speaker 4: and he wants a bridge loan until closing closings five months,
Speaker 4: So let's call it a six month loan of not
Speaker 4: the ten million, but of one million of it. So
Speaker 4: if he wanted to take two hundred and seventy acres
Speaker 4: and he wanted to do a one million dollar loan
Speaker 4: for six months, what do you think a lender, if
Speaker 4: truly it a praise in all of that, what loan
Speaker 4: to value do you think on a private loan on
Speaker 4: vacant land would a lender be comfortable a private lender
Speaker 4: be comfortable with.
Speaker 12: You know, we don't see many of them on just land.
Speaker 19: Normally, when we're dealing in that space, there's a dwelling
Speaker 19: attached to it.
Speaker 12: They're going to appraise the.
Speaker 19: Dwelling and they'll get pretty aggressive on the loan to value,
Speaker 19: you know, when we're dealing with the dwelling. So my
Speaker 19: guess would be, if you're only looking at ten percent
Speaker 19: of the appraised value or you know, the deal let's
Speaker 19: call it, my guess would be you could go to
Speaker 19: a private investor and probably get that done. You might
Speaker 19: even be able to go to a local bank up
Speaker 19: there that.
Speaker 4: Would happen happening you know, you know that is a
Speaker 4: good question, Darryl. Have you tried a bank?
Speaker 20: Well, I haven't even It was just something that I'm just.
Speaker 7: Starting to no.
Speaker 4: I know you're just exploring this right now, Daryl, Yeah, yeah, Darryl,
Speaker 4: all right, what about this? What about this? Brent asked
Speaker 4: something and that is one tenth of the deal and
Speaker 4: or you know, it's ten percent of the deal and
Speaker 4: all of that, and you need it for about six months,
Speaker 4: and so that all sounds and looks good where a
Speaker 4: lender shouldn't have a problem. But I'm asking for loan
Speaker 4: to value, Brent, would you think they would still want
Speaker 4: fifty percent or sixty percent loan to value no more?
Speaker 4: Or would they go eighty or ninety percent?
Speaker 17: Tully.
Speaker 19: We've had we've had numerous deals where again this is
Speaker 19: on just a home, not a working farm, not a
Speaker 19: bunch of acreage, where they'll go to you know, eighty
Speaker 19: five and ninety percent on these deals. And again, the
Speaker 19: way to think about this stuff, Tom, is these private
Speaker 19: equity guys, they want their money out for a year
Speaker 19: and then they want to back. So they're going to
Speaker 19: charge you a fairly hefty interest rate for that year
Speaker 19: to use that money, and then there is a balloon
Speaker 19: at the end of that year that's got to get
Speaker 19: paid back.
Speaker 4: What do you think, what do you think the points
Speaker 4: would be. Let's let's just talk points. What do you
Speaker 4: think they would be? Or would it be just interest?
Speaker 19: No, it would be interesting points, you know, and it
Speaker 19: varies from deal to deal. You know, we've got a
Speaker 19: handful of guys that we use, and you know, it
Speaker 19: all depends on what their appetite is.
Speaker 15: Brent I threw out there, Tell me what you think
Speaker 15: of this.
Speaker 4: Brent I threw out there.
Speaker 15: Ten percent origination, six months deal, no interest.
Speaker 19: Yeah, they're gonna charge They're not going to charge you
Speaker 19: ten percent origination. They'll probably charge you three maybe four.
Speaker 19: But then they're gonna want an interest on top of that.
Speaker 19: That's right, while the money's out as well.
Speaker 4: Yeah, so what would that interest be? Do you think
Speaker 4: just from what you're.
Speaker 19: Hearing, typically ten to eleven percent?
Speaker 4: Okay, so I mean my deal is better? Yeah, yeah, that.
Speaker 19: Would be You're right, I agree is better.
Speaker 4: But but brent I also said this with vacant land,
Speaker 4: you have to have a special buyer if you want
Speaker 4: to get a million dollars back on two hundred and
Speaker 4: seventy acres even though it's worth way more. It's only
Speaker 4: worth way more after development. I mean, not not after development,
Speaker 4: but if you have the capacity to develop. And that's
Speaker 4: a rare buyer and and really that it's not as
Speaker 4: locked as you might think it is. But anyway, I
Speaker 4: appreciate your time. That's Brent Ivanson, Ideal Home Loans dot
Speaker 4: Com three h three eighth sixty seven seven thousand. So
Speaker 4: back to you, Darryl.
Speaker 20: Yeah, so so there's the cod.
Speaker 9: So here's my question.
Speaker 8: Yes, knowing, yeah, not knowing anything.
Speaker 20: So does the does the contract mean anything?
Speaker 4: Yes? Yes it does, Yes it does. It means that
Speaker 4: they're going to be paid back if it's a solid contract.
Speaker 4: It absolutely does. Now did you say you had earnest
Speaker 4: money on that contract?
Speaker 5: Yes?
Speaker 9: I got, Yes, I did. I had.
Speaker 20: I had non refundable earnest money up front that has
Speaker 20: already went in and out of escrow and it was
Speaker 20: non refundable.
Speaker 4: And how much was that? I just want to know.
Speaker 4: That'll tell us how serious the buyer is. Five hundred
Speaker 4: thousand man, Daryl, This sounds like a solid deal to me.
Speaker 4: It does if you have somebody who put up five
Speaker 4: hundred grand that was yours to keep, they're they're going
Speaker 4: to close, they're going to close.
Speaker 20: Well that that's the reason why I did it, Tom,
Speaker 20: because I said, I'm not gonna I'm not going to
Speaker 20: put this thing out for because it's a year that
Speaker 20: it started out. That's what it was from start to
Speaker 20: finishes a year. And I said, I'm not gonna. I'm
Speaker 20: not going to do this without hard money. That I
Speaker 20: know that you're serious, Darryl.
Speaker 4: Darryl, you're a smart man here. I want to ask
Speaker 4: something else that'll tell you their seriousness to close, because
Speaker 4: I have walked away from hard money before because I
Speaker 4: did some due diligence and it was the wiser move
Speaker 4: than to move forward. Now, I didn't put up five
Speaker 4: hundred grand, but I have walked away from two hundred
Speaker 4: before on a big project because of the due diligence.
Speaker 4: So my next question is this, what due diligence did
Speaker 4: they conduct?
Speaker 20: Well, they've done quite a bit already.
Speaker 4: Have they been to the county. Have they been to
Speaker 4: the county with a put Yeah?
Speaker 20: Well, actually this is in the city limits.
Speaker 4: Oh in Greeley.
Speaker 21: In Greeley, Okay, so they've already went to they've already
Speaker 21: went through planning and zoning and the process.
Speaker 4: Darryl, leave your number with, Leave your number with. You're
Speaker 4: a real This is a real deal in my opinion.
Speaker 4: I mean, just what I'm hearing. I'll look into it, Okay, Darryl,
Speaker 4: I'll look into it. I would I also appreciate it.
Speaker 4: I would also advise this and listen carefully. I think
Speaker 4: you should try first. Conventional means it'll be cheaper for you.
Speaker 4: Try that first.
Speaker 20: Well, like I said, I you know, marks ten percent,
Speaker 20: he'd have to come work on the farm for free
Speaker 20: for six months.
Speaker 4: Yeah, no, no, no, you know what, when you think
Speaker 4: about what he was saying, he's talking about one hundred grand. Okay,
Speaker 4: you can just break that down pretty easily. One hundred
Speaker 4: grand divided by six right, and that's what you're talking
Speaker 4: about is sixteen grand and sixteen almost seventeen grand a month. Okay,
Speaker 4: so you have to just admortize that. See what it is.
Speaker 4: That is a little high. And I hate to tell
Speaker 4: it to both of you. I don't think it's high
Speaker 4: right now, Okay, well, did you do that?
Speaker 8: Hold on?
Speaker 4: Hold on, no, no, no, no, no, no, no, no, did
Speaker 4: you do the percentage on it. I haven't done the
Speaker 4: percentage yet. If you take a million dollars and you
Speaker 4: take sixteen thousand a month amortone be twenty percent. Yeah,
Speaker 4: but you're only talking six months, right, Yeah, that's why
Speaker 4: it would be twenty percent. Anyway, here's the deal. I
Speaker 4: think that's highway robbery in my opinion, Daryl. If you're asking, well,
Speaker 4: I that's reaan why I said he's gonna I sound
Speaker 4: we sound like this. We sound like the shark tank
Speaker 4: now where Mark and I are arguing over the deal.
Speaker 4: I'll give you this, and I'll give you this, and
Speaker 4: I'll give you a BackRub. Hey, Darryl, listen, man, seriously
Speaker 4: leave your information and uh but I implore you to
Speaker 4: explore local conventional banks. Okay, I'm Tom Martinez. We have
Speaker 4: more coming right up on the Troubleshooter Show. Go with
Speaker 4: a sure thing Denver's Best Roofer Excel roofing dot com.
Speaker 4: You don't pay a cent until you're content, wait time
Speaker 4: for an insurance check up free no obligation comparison call
Speaker 4: Compass Insurance paying too much your coverage at dozens of
Speaker 4: insurance companies find out now three all three seven seven
Speaker 4: to one. Help. You'll think you're his only customer when
Speaker 4: you choose Frank durand the real estate man dot com
Speaker 4: to list your home with Remax Alliance three all three
Speaker 4: nine two zero sixteen twenty two. Hi Tom Martine here
Speaker 4: three all three seven one three talk three all three
Speaker 4: seven one three eight two five five All right, did
Speaker 4: you get that guy's information? I'll bet you there are
Speaker 4: a lot of private investors that would be interested in
Speaker 4: that one. Yep, I emailed it to you. Thank you. Now,
Speaker 4: Deputy Bo's got a follow up. But lo let me
Speaker 4: take a Andrew first. Deputy Andrew, you have an issue
Speaker 4: with Okay, this is for Kevin. It's a twenty thirteen
Speaker 4: f one fifty. Go ahead, Andrew talk to us. There
Speaker 4: you go, yeah, Andrew, go ahead. Are you there? He's
Speaker 4: not there? Okay, I'm gonna put him on a hold.
Speaker 4: Check him. I thought he was there. I'm gonna take
Speaker 4: Bo Bo. What's going on with champ Hyundai? When was
Speaker 4: that from? From December eleventh?
Speaker 6: Yeah?
Speaker 9: This was last Wednesday. Mar Major was the host. Okay,
Speaker 9: so this one's not turning out good at all? Oh Kat, Yeah,
Speaker 9: it's bad. Kenny took his twenty twelve Hyundai in. He
Speaker 9: had battery issues, so they replaced the harness wiring harness,
Speaker 9: charged him a thousand dollars, took the vehicle out, drove
Speaker 9: it and only drove like four or five miles and
Speaker 9: a battery totally drained.
Speaker 4: It's not hybrid, tom, So you understand what we're talking about.
Speaker 9: Okay, So twelvenday hybrid?
Speaker 4: Okay, okay, so go ahead.
Speaker 9: So he took the car back and then they said
Speaker 9: he needed a belt tension or kit. That was eleven dollars.
Speaker 9: He gave me the authorization to do that. So during
Speaker 9: all of this, one of the technicians that this dealership
Speaker 9: told Kenny, hey, we think he's of the text opinion
Speaker 9: that it's the battery. The battery loss is l and
Speaker 9: that's what I tend to think.
Speaker 4: What was the original job again, did you say it
Speaker 4: was only it was only holding ten percent charge or no,
Speaker 4: that's not true. Here's what would happen.
Speaker 15: The battery would charge up, but it would be completely
Speaker 15: dead within ten miles.
Speaker 4: It was due to a charging issue, okay. And then
Speaker 4: that's when they started removed and replacing. So what happened?
Speaker 4: What ended up happening.
Speaker 9: Now the dealership has told him that there's a noise
Speaker 9: in the transmission and in order to make the vehicle light,
Speaker 9: they want to replace the transmission. Kenny says, the transmission
Speaker 9: has nothing to do with it. Your text said, it's
Speaker 9: a battery issue. I have a lifetime work on a battery.
Speaker 9: I want you guys to replace the battle.
Speaker 4: How much did he spend up to this point twenty
Speaker 4: two hundred and still he still had the problem.
Speaker 9: The car is still at the shop. They have chomp
Speaker 9: one day. They will not work, they will not look
Speaker 9: at the battery issue, and they're not going to do
Speaker 9: anything until he agrees to replace the battery.
Speaker 4: So Tom, wait, wait, wait you mean agree to replace
Speaker 4: the transmission.
Speaker 9: I'm sorry to be transmission.
Speaker 5: Yes, sorry, Yeah, but they took twenty five hundred bucks
Speaker 5: before they've did the transmion.
Speaker 4: Now here's what I want to know. Is there a
Speaker 4: way we can just have that independent evaluated by another dealer?
Speaker 9: Absolutely, that's a great, that's a great.
Speaker 15: Yeah, but he's gonna be he's when he picks it up.
Speaker 15: I assume he's got to pay whatever he owes there now.
Speaker 4: Yeah, but I don't think we'll have a problem getting
Speaker 4: it back if it turns out they were full of crap.
Speaker 4: Look who we're dealing with. Well small claims called Mark
Speaker 4: for twenty two hundred. I think that's true. I think
Speaker 4: I think he'd win if we can get it to
Speaker 4: a good place, and we know some good Hyundai places
Speaker 4: like McDonald Hyundai.
Speaker 9: Yeah, I called. I called the service manager three times,
Speaker 9: and on the fourth time, I said, look, we're gonna go.
Speaker 9: I'm gonna have that. Can you go to the dealer
Speaker 9: board if you can, I can.
Speaker 4: I just tell you this, bro. Let me just tell
Speaker 4: you something. First of all, the dealer board's dealing only
Speaker 4: with They don't deal with service. They deal only in sales.
Speaker 4: But let me tell you about Schamp. They suck. Schamp
Speaker 4: is a terrible organization. Now, Schamp used to be a
Speaker 4: great organization. That's what's sad about it. The kids took
Speaker 4: it over. No, No, when the mom owned it, Lisa,
Speaker 4: Actually the dad had it originally, Ralph. Now then it
Speaker 4: went to Lisa, and then Lisa I think, sent it
Speaker 4: to her son, which was basically unfortunate. Her son's a
Speaker 4: freaking idiot.
Speaker 9: All right, Well, the car doesn't want to really pay
Speaker 9: to pay the twenty two hundred tom because he feels
Speaker 9: that this wiring, harness and belt tensioner didn't solve the problem.
Speaker 9: It's still the battery just trained out.
Speaker 4: Are they looking? Would they let him go and get
Speaker 4: it checked?
Speaker 9: Probably not now now without paying the bill. I talked
Speaker 9: to the Pete rash that he's this service manager. I
Speaker 9: called it on a back door number. He picked up
Speaker 9: the phone. He's very rude to me. He says, I'm
Speaker 9: not talking to you till we talked to our corporate
Speaker 9: attorneys back east, and I go, oh.
Speaker 4: Wait, wait wait wait wait wait wait wait wait wait
Speaker 4: back you so wait? Maybe out of there too? Now?
Speaker 4: Is that the sense you got? They don't eat shomps?
Speaker 4: Night him?
Speaker 9: I mean he had he had to go back He's
Speaker 9: to talk to a corporate attorney and said, we don't
Speaker 9: need to talk to an attorney. Let's just help your
Speaker 9: customer that has had the car in here for several
Speaker 9: weeks and addressed the battery issue, and he just basically
Speaker 9: hung up on me once I told him who I was.
Speaker 4: Okay, it's it's I have a feeling that this is
Speaker 4: not I mean, does shamp still own shomp doesn't do anybody?
Speaker 4: Does anybody know? I actually don't know. We have to
Speaker 4: figure this out.
Speaker 9: I have a feeling he don't, cause their customer service sucks.
Speaker 4: Well it ok A, yeah, that's hard to say because
Speaker 4: it always sucked. I mean after the sun took over.
Speaker 4: So it's either sucking more or sucking less. I don't know.
Speaker 4: This is terrible. The message here though, for everyone avoids shomp.
Speaker 4: They suck. That's all I can say. I mean, what
Speaker 4: else can we do?
Speaker 9: But I mean I guess here he'll have to try
Speaker 9: and maybe pay the bail and to get the car.
Speaker 6: Do the car.
Speaker 4: Yeah, he can always go back and try to get
Speaker 4: some kind of resolution if it turns out they were
Speaker 4: full of horse crap. Do you think they were full
Speaker 4: of horse crap.
Speaker 9: With these two repairs?
Speaker 5: Yeah?
Speaker 9: Yeah, they It didn't solve the problem, he.
Speaker 4: Has the Yeah, but sometimes just so you know, sometimes
Speaker 4: it's they need more than one thing, right Kevin?
Speaker 5: Well, yeah, but why weren't they worried about the transmission
Speaker 5: noise before they charge them twenty two hundred bucks? They're
Speaker 5: worried about it now that they won't warranty his battery.
Speaker 5: But they certainly didn't bring it up before they church.
Speaker 4: Yeah, they're totally unreasonable, right, yeah, right, they want to
Speaker 4: replace the transmission and what does that have.
Speaker 9: To do with the flipping battery? I get it, and
Speaker 9: they won't address the battery.
Speaker 5: He needs to get it out of it.
Speaker 4: I got to take I gotta take this break though,
Speaker 4: uh three all three seven one three eight two five five.
Speaker 4: Compass Insurance Group into a insurance check up to make
Speaker 4: sure you're not paying too much, you're not under insured
Speaker 4: or maybe even over insured. It's all free and complementary
Speaker 4: due to Compass and the show three oh three nine
Speaker 4: nine six nine thousand the Insurancehealthcenter dot com. Go with
Speaker 4: a sure thing Denver's Best roofer Excel Roofing dot com.
Speaker 4: You don't pay a cent until you're content time for
Speaker 4: an insurance check up, free, no obligation. In comparison, call
Speaker 4: Compass Insurance paying too much your coverage at dozens of
Speaker 4: insurance companies find out now three oh three seven seven
Speaker 4: to one help. You'll think you're his only customer when
Speaker 4: you choose Frank durand the real estate Man dot com
Speaker 4: to list your home with Remax Alliance three oh three
Speaker 4: nine two zero sixteen twenty two. Hi, Tom Martine here
Speaker 4: three oh three seven one three talk seven one three
Speaker 4: eight two five five. I want to talk to you. Uh,
Speaker 4: he's been waiting. Well, Deputy Bow. Oh, well we talked
Speaker 4: to Deputy Bow. What are we going to do about that?
Speaker 4: I mean, I don't really know yet. We're going to
Speaker 4: have to try to figure out. Maybe he pays, he.
Speaker 5: Don't have to pay the bill and get it moved.
Speaker 4: And pays by credit card, can contest it as well.
Speaker 4: Andrew is back. Andrew, you have hot air. You have
Speaker 4: hot air blowing out of the driver's side on your
Speaker 4: f one fifty.
Speaker 13: Yeah, fifty. I can only get heats on the driver's
Speaker 13: side right now.
Speaker 4: Kevin, you say this, I think you take one of
Speaker 4: these every week. About Blend, the Blend and Mote doors.
Speaker 5: You know, there's so many different actuators and doors inside there,
Speaker 5: the direct air different places.
Speaker 4: The fact that you're getting hot air somewhere means the
Speaker 4: heater core is working.
Speaker 23: Yep, yep, yeah, you're just losing the only only one
Speaker 23: eater is it vacuum operated?
Speaker 9: Are those electric?
Speaker 5: Little actuators sit on top of the doors. The door
Speaker 5: has like a stem on it and the little motor
Speaker 5: will turn the door open or closed or halfway and
Speaker 5: so forth. So probably it's an actuator ninety percent of
Speaker 5: the time.
Speaker 13: So I've got the floor shifter?
Speaker 6: Is that?
Speaker 13: Am I just going to have to tear everything apart.
Speaker 12: To get to it?
Speaker 5: You know, I've got to look at a diagram because
Speaker 5: there's so many different ones. Some you can actually we
Speaker 5: call it gumby. I got one guy's got real skinny
Speaker 5: flexible arms. He gets up in there. Uh so you can.
Speaker 5: Some you can get without pulling it aparts. Some you
Speaker 5: got to pull the whole dash out.
Speaker 4: Yeah, no, yep, are you doing it yourself? Are you
Speaker 4: doing it yourself? Andrew?
Speaker 13: It depends on I mean, I'll bring it into him.
Speaker 5: And have to look it up on YouTube. You know.
Speaker 5: They'll give you some general ideas.
Speaker 4: And give me a general idea from what to what?
Speaker 5: Well, I don't know. I mean it could be one
Speaker 5: hundred bucks to you know, plus the actuator upwards to
Speaker 5: eight to twelve hundred bucks. That's a huge spread.
Speaker 4: Because of the parts.
Speaker 5: No, because one one you can get to like through
Speaker 5: the glove box.
Speaker 4: You take a let glove box, That's what I'm asking.
Speaker 5: And another the next one though you have to pull
Speaker 5: the entire dash out.
Speaker 4: And get to it as a few hundred If you can't.
Speaker 16: It been twelve to fifteen hundred bucks. Yeah, because of
Speaker 16: the labor. Yep, yeah, yep, there's your range, bro. I
Speaker 16: hope these but you can find out with the VIN
Speaker 16: number or something.
Speaker 5: Well, yeah, we did. We did get a look at
Speaker 5: it today.
Speaker 4: You have them take a look at it. Won't cost
Speaker 4: you anything on Tom Martino three oh three seven one
Speaker 4: three talks seven one three eight two five five. We
Speaker 4: got another two hours ago on the Troubleshooter Show. Solving problems,
Speaker 4: answering questions, taking complaints. Go with a sure thing Denvers
Speaker 4: Best Roofer, Excel Roofing dot com. You don't pay a
Speaker 4: cent until you're contenth time for an insurance check up,
Speaker 4: free no obligation comparison call Compass Insurance paying too much
Speaker 4: your coverage at dozens of insurance companies find out now
Speaker 4: three oh three seven to seven to one help. You'll
Speaker 4: think you're his only customer when you choose Frank durand
Speaker 4: the real estate Man dot com to list your home
Speaker 4: with Remax Alliance three oh three nine two zero sixty
Speaker 4: twenty two.
Speaker 2: Yeah ripped up new need advice. Who you don't have,
Speaker 2: come running just.
Speaker 3: As fast as we can.
Speaker 1: Shooter's gonna help come.
Speaker 3: Man six is the Troubleshooter Show. Now, Tom Martino, Hey.
Speaker 4: Tom Martino here, Welcome to the show. Three all three
Speaker 4: seven one three talk is the local number here in
Speaker 4: the studio. You can call directly, or you can call
Speaker 4: twenty four to seven three oh three Martino and you'll
Speaker 4: get through when we're here. Three oh three six two
Speaker 4: seven eight four six six. Before the end of the
Speaker 4: last hour, I was talking about, Uh, the monsters are
Speaker 4: due on Maple Street a Twilight Zone episode where aliens
Speaker 4: disrupted the power in this neighborhood Maple Street and isolated
Speaker 4: the people and I think their cars wouldn't run or anything,
Speaker 4: so they're all isolated. And then they started casting suspicion
Speaker 4: on each other as to who caused her, what they're
Speaker 4: all about, and how weird they are, and the the
Speaker 4: whole theme of the of the of the whole thing
Speaker 4: was that aliens did this on purpose, and the neighborhood
Speaker 4: devolves into chaos, and then they say to each other
Speaker 4: how easy it is to manipulate humans into self destruction
Speaker 4: and paranoia and suspicion of each other. And they say,
Speaker 4: now all we have to do is do this in
Speaker 4: other streets. And so with the when and when, I
Speaker 4: I remember hearing about the the drones, and people are saying, oh,
Speaker 4: it's this, it's that, it's the cartel, it's the government,
Speaker 4: it's uh whatever. There's there's a million theories, and I'm
Speaker 4: thinking there's some aliens watching saying, hmm, this doesn't take much.
Speaker 10: Remember the one to Serve Man that was the best
Speaker 10: Twilight Zone.
Speaker 4: Serf man to serve s the rve Well just I
Speaker 4: don't may not know the title, but what was it about.
Speaker 11: Well, these aliens came down and they did all these
Speaker 11: great things to the humanity and then they said, you
Speaker 11: know what, if you like it here, you can go
Speaker 11: back to our planet. It'll even be better. And they
Speaker 11: have this book that said to serve Man and it
Speaker 11: turned out to be a cookbook.
Speaker 4: Oh god, how ridiculous.
Speaker 10: But that was a true Twilight episode.
Speaker 4: I truly loved the episodes of Twilight Zone. How about
Speaker 4: the one where you see these people talking about you
Speaker 4: see these people talking over a patient. Oh yeah, and
Speaker 4: she's being unwrapped after plastic surgery, and you just hear
Speaker 4: voices and you can see and you're seeing through the
Speaker 4: eyes of the patient as the as the mummy is
Speaker 4: being unwrapped, how hers her raps are coming off, and
Speaker 4: it's getting lighter and lighter, and they say we and
Speaker 4: one nurse you can hear saying, I hope we've taken
Speaker 4: away her hideous looks, and let's hope this worked, this
Speaker 4: surgery so she can blend in with society instead of
Speaker 4: being a freak, basically right, And they keep unwrapping and unwrapping,
Speaker 4: and all of a sudden, now there was there was
Speaker 4: a bunch before the episode, but you never saw the
Speaker 4: people involved. You only saw her rap So finally, first
Speaker 4: you're seeing it from her. You know, you're absolutely seeing
Speaker 4: it first from her eyes, because when they unwrap her
Speaker 4: eyes and she looks out, they scream and say, oh
Speaker 4: my god, she's still hideous and ugly. And what the
Speaker 4: patient is looking at are pig men and pig women,
Speaker 4: and what they're looking at is a beautiful blonde woman
Speaker 4: who is the patient. And the beautiful blonde woman was
Speaker 4: the one who was having the surgery done to try
Speaker 4: to get rid of those hideous looks. And it didn't work.
Speaker 4: And so at first you're seeing it through her eyes
Speaker 4: as they're unwrapping the bandages, and then you hear them
Speaker 4: scream and the doctor leans over her and says she's
Speaker 4: still hideous, and that doctor is a pig man. So
Speaker 4: the whole the whole episode was beauty is in the
Speaker 4: eyes of the Beholder, right, And all of their episodes
Speaker 4: had single themes like that basically on It's just amazing anyway,
Speaker 4: there was one where people were in an environment and
Speaker 4: they kept disappearing, or they kept appearing new ones, and
Speaker 4: then food would just magically appear, and toys for the
Speaker 4: kids and all that, and it turns out at the
Speaker 4: end they were playthings in an artificial environment for some
Speaker 4: kind of giant aliens and it was akin to how
Speaker 4: what we do with animals and gerbils and all that.
Speaker 4: So it was just another weird episode. I may not
Speaker 4: be thinking of the details exactly, but the themes for sure,
Speaker 4: and I just always thought they were ingenius. And then
Speaker 4: Star Trek tried to do that in another way, not
Speaker 4: so much in a horror genre, but in a science
Speaker 4: fiction e space drama anyway. So if it's just cool anyway, Raven.
Speaker 4: She wants to talk about her transmission. Hey, Raven, twenty
Speaker 4: twenty one buick in vision. Wait, Raven, this is one
Speaker 4: we took. I remember you. I'm sorry. I told you
Speaker 4: to wait and see what they did with the rental car.
Speaker 4: To make a long story short, this woman bought this
Speaker 4: car new and had nothing but trouble, nothing nothing, nothing
Speaker 4: but trouble. And she just got so frustrated with them.
Speaker 4: And they said it was the control module, right, Kevin,
Speaker 4: and it would take months, possibly years.
Speaker 5: Well I think they were sarcastic saying years, but yeah.
Speaker 4: Anyway, she was so upset, and they said, and if
Speaker 4: you keep calling here, we're going to take your your
Speaker 4: loaner away, or we're going to make you pay for it.
Speaker 4: And I told her, as long as she has a loaner,
Speaker 4: let it go, because that's less miles and where she's
Speaker 4: putting on her call wall to sit at the dealer.
Speaker 4: And as long as they're willing to replace whatever the
Speaker 4: module is and pay for a that's free use of
Speaker 4: that car. Go as long as we can. And then
Speaker 4: what we'll do is check back in a month or
Speaker 4: two to see if the parts in what why are
Speaker 4: you calling so soon. Did something change, Yes.
Speaker 24: Sir, after we got I was so lound up. But
Speaker 24: you she said you would have an investor contact soon.
Speaker 24: And what had happened was I just got off the phone.
Speaker 24: I didn't get to tell you on the radio that
Speaker 24: I spoke with Alisa, who was supposed to be customer
Speaker 24: service of General Motors. But about October sixteenth, when I
Speaker 24: told my vehicle back to the dealership, the dealership basically
Speaker 24: told me that they were not the ones.
Speaker 10: It was General Motors.
Speaker 24: So I contacted them and at that time asked for
Speaker 24: some answers. Well, there's just now. I received a call
Speaker 24: from Alisa but the case number, and she'd liked to
Speaker 24: let me know ahead of times that they are not
Speaker 24: reproducing my vehicle. I've been declined for anything. And the
Speaker 24: part is if they have it will not even be
Speaker 24: shipped for till February.
Speaker 4: Ending of February, Okay, all right, Yeah, we suspected it
Speaker 4: was going to be a while. But they're also providing
Speaker 4: a loaner vehicle, yes, sir, but.
Speaker 24: They also said they're not going to do a repurchase
Speaker 24: show for me, not even to have that considered.
Speaker 4: Well, first of all, Raven, they don't get to decide
Speaker 4: if they're doing a repurchase. Okay, they don't get to
Speaker 4: decide that. And again, right now, I think you should
Speaker 4: do what I said. You're getting yourself worked up because
Speaker 4: there's no reason to get yourself worked up. You're not
Speaker 4: using your twenty twenty one buick in vision, you're not
Speaker 4: putting miles on it. You're using the vehicle they're supplying
Speaker 4: to you at their cost. And the here's the here's
Speaker 4: the ultimate downside. Okay, let's say let's say that you
Speaker 4: have a loaner. I'm not saying this would happen. You
Speaker 4: have a loaner for three years. It did you no harm.
Speaker 4: You never have to worry about it. If you don't
Speaker 4: have to do maintenance, you don't have to do tires,
Speaker 4: you don't have to do anything but gas. You literally
Speaker 4: have a free car. If that was worst case, it's
Speaker 4: not going to be. But when they tell you, oh,
Speaker 4: by the way, we looked at your case number, your
Speaker 4: car is not I don't know what they mean, is
Speaker 4: not being supported anymore. But no matter what, if they
Speaker 4: cannot fix this car under warranty, now, if they want
Speaker 4: to rent you a car the rest of your life,
Speaker 4: I guess they could do that if they want. Technically
Speaker 4: they won't, but they don't get to say whether they're
Speaker 4: going to repurchase it, because, as you heard from the
Speaker 4: attorney we had on she said, she said, you absolutely
Speaker 4: have a good case against them, and this is a
Speaker 4: case for repurchase or for damages. So I don't see
Speaker 4: how they're going to get out of it. Why do
Speaker 4: you even let see, Raven, just listen to us and
Speaker 4: don't let yourself get worked up? Right now, what does
Speaker 4: it matter if for the next year you have a
Speaker 4: replacement vehicle? What does it matter? Tell me? Is there
Speaker 4: some emotional attachment?
Speaker 24: What would be the I think it was it was
Speaker 24: the lie seeing that I was able to work for
Speaker 24: and pay off and now I'm sick.
Speaker 4: And Raven, Raven, I'm asking a question, please, dear. I
Speaker 4: know that you're focused on your health. I understand, But
Speaker 4: if if truly for the next year you drove a
Speaker 4: nice replacement vehicle, what harm would it do you?
Speaker 24: I guess I wanted to enjoy the car that I
Speaker 24: picked for myself.
Speaker 4: I understand that, I totally do.
Speaker 5: Let me.
Speaker 4: I understand that. Yeah, that's reasonable, That's what I was asking,
Speaker 4: But it's doing you no harm, really.
Speaker 24: And you're right. I just wanted to update you that
Speaker 24: that's what they said. So I got nervous when the
Speaker 24: lawyer told us arbitration we could ask for repurchase that way.
Speaker 4: What she meant was, here's what she meant, she says,
Speaker 4: Tom right now. Here's what she said, Tom, right now.
Speaker 4: They're paying for the placement vehicle, so we ought to
Speaker 4: ride that. The next thing is, let's see how long
Speaker 4: it takes to get the part. And then the next
Speaker 4: thing is if they can't do any of those, the
Speaker 4: replacement vehicle or the part, then we can sue them.
Speaker 4: And she most assuredly will either get her money back
Speaker 4: or another car. That's what and it hasn't changed, Raven.
Speaker 4: Don't let anyone upset you. And you did right by.
Speaker 4: You did right by calling us back. We're on your side, okay,
Speaker 4: we really are. Okay, thank you very much, and we do.
Speaker 4: How can I say this, We babysit these cases. We
Speaker 4: have someone on it and we will get directly involved.
Speaker 7: Now.
Speaker 4: I know in the media, by the way, there are
Speaker 4: all kinds of people who claim to solve problems and
Speaker 4: to be on your side and whatever other moniker they
Speaker 4: want to give and I understand that, and there's nothing
Speaker 4: wrong with that. The more people we can get shaken
Speaker 4: up the system, the better. But they do one thing,
Speaker 4: and one thing only. They draw publicity to it, which
Speaker 4: is good, But they never get directly involved. Never, not once,
Speaker 4: not once have any of them hired an attorney, Not
Speaker 4: once have any of them gone to court, Not once
Speaker 4: have any of them ever did anything like find another
Speaker 4: contractor to do it. So when people say they get involved,
Speaker 4: they're on your side and they're problem solvers. You know
Speaker 4: that's good. It's better than nothing. But trust me when
Speaker 4: I tell you this brand that I built over forty
Speaker 4: five or fifty years, this is direct involvement for you.
Speaker 4: I'm Tom Martinez. We got more coming up. Go with
Speaker 4: a sure thing Denver's Best Roofer Excel Roofing dot com.
Speaker 4: You don't pay a cent until you're content, Wait time
Speaker 4: for an insurance check up free, no obligation. In comparison,
Speaker 4: call Compass Insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three all three seven
Speaker 4: seven to one help. You'll think you're his only customer
Speaker 4: when you choose Frank durand the real estate man dot
Speaker 4: com to list your home with Remax Alliance three all
Speaker 4: three nine two zero sixteen twenty two. All right, I'm
Speaker 4: Tom Martino. You're a troubleshooter. I'm not sure what this
Speaker 4: text means. And by the way, you can text me
Speaker 4: at twenty four to seven. You can always text me
Speaker 4: and uh or during the show, and then my Google
Speaker 4: number comes right to my cell phone. It's seven four
Speaker 4: seven nine nine nine fifty two eighty seven four seven
Speaker 4: nine nine nine fifty two eighty. You can also do
Speaker 4: that a iHeart short code that all the other shows
Speaker 4: use as well, five seven seven thirty nine. But anyway,
Speaker 4: so on my Google text, it says, have you noticed
Speaker 4: all buicks are driven by Chicanos? What the hell does
Speaker 4: that mean? I no, okay, but okay, and I don't
Speaker 4: know what that was supposed to be a joke. And
Speaker 4: then the other one says, Tom, here's what here's something
Speaker 4: from Wikipedia. According to witness reports, the drones flew in
Speaker 4: grid grid formations in groups of nineteen up to nineteen
Speaker 4: visible at night between six and ten. The FAA, FBI,
Speaker 4: and local law enforcement investigated, but have not yet determined
Speaker 4: the operator of the drones flying drones at night without
Speaker 4: a waiver is a violation of federal Well why haven't
Speaker 4: they done anything about it? I find that shock that.
Speaker 4: I mean, are we that stupid? Well, I'll bet you
Speaker 4: those drones will be shot down if ever they had
Speaker 4: like magaflat maga lights, you know, like LED's maga. Anyway,
Speaker 4: sometimes digital hoarding is good. I talked about digital hoarding guys,
Speaker 4: and it's where you have everything on your computer like
Speaker 4: you went around a house. You never get rid of
Speaker 4: a file. Anyway, sometimes it's good. I have a computer
Speaker 4: repair shop here in Sterling, and there's been times when
Speaker 4: we have to reload a customer's computer and they have
Speaker 4: specific software they use. Oftentimes we can find that software
Speaker 4: from their old downloads. Okay, I see what they're saying.
Speaker 4: All they have to do are a computer backups. You
Speaker 4: don't have to do a hoarding. But anyway, like last week,
Speaker 4: we had to reload a customer's computer. They had an
Speaker 4: older version of QuickBooks and didn't want to up date.
Speaker 4: So they oh, I see, so anyway, well that would
Speaker 4: if you update, you can update all that. You know.
Speaker 4: What I mean is backup is what I mean. She
Speaker 4: was able to find the original version from four or
Speaker 4: five years ago, So in this case, hoarding served her
Speaker 4: to get her computer back to the way. It was, actually,
Speaker 4: all right, Tom, glad you're doing better than our president
Speaker 4: Joe Biden, because I'm sure he can't wait to move
Speaker 4: on from that meat grinder of the White House. And
Speaker 4: that's because I was saying, hey, at least they'm doing
Speaker 4: better than Biden, right, because people sometimes make fun of me, Okay,
Speaker 4: but good fun there. There's no one vicious here. Somebody
Speaker 4: wants to know what about mineral rights? And that was
Speaker 4: based on a call about and it's too much to
Speaker 4: get into, but basically, I just want to say this,
Speaker 4: Mineral rights do not always go along with land rights,
Speaker 4: not only sometimes they were sold earlier and when you
Speaker 4: buy land, someone who as the mineral rights may have
Speaker 4: access to your land to get those minerals. And it
Speaker 4: depends on what the deed restrictions are.
Speaker 11: Is that what Title Insurance will cover, Tom, Title Insurance
Speaker 11: will show it, right, Yeah, they'll show exceptions, obligation.
Speaker 4: They'll show exceptions. Yeah. Now, looking for an extended warranty
Speaker 4: for my twenty twenty one GMC Sierra fifteen hundred, I
Speaker 4: am out of my three year thirty six thousand mile
Speaker 4: factory warranty. So what they're looking for is a true
Speaker 4: extended warranty, one they can pick up. Now. Now, what's
Speaker 4: odd is a GM should have written to them before
Speaker 4: this and offered, and if they did, I would just
Speaker 4: continue the factory warranty. Yes, that's the safest. I do
Speaker 4: not like Carshields and the rest of them.
Speaker 5: Do you, No, they're not up to part with the
Speaker 5: OE stuff, not at all.
Speaker 4: Or call a GM dealer, or call somebody at GM
Speaker 4: and ask him. Now, I was having a conniption fit
Speaker 4: listening to Mark about his A one C. He says
Speaker 4: he eats really healthy for thirty days and then goes
Speaker 4: and gets his blood work done and the A one
Speaker 4: C looks excellent, and he wanted to know, so what
Speaker 4: good is that?
Speaker 6: No?
Speaker 4: I know, I know what this guy's saying. He's to
Speaker 4: make his blood work looks good. He does a I
Speaker 4: heard him saying.
Speaker 5: Something.
Speaker 4: But that doesn't mean he's healthy.
Speaker 5: It just means.
Speaker 4: Your trick. Yeah, that's a hack, he says. Anyway, so
Speaker 4: this doc chimed in and didn't know how long it
Speaker 4: was that A one C goes back. A one C
Speaker 4: is a three month rolling average. You knew that right, Doc,
Speaker 4: Go with a sure thing Denver's best roofer Excel Roofing
Speaker 4: dot com. You don't pay a cent until you're content.
Speaker 4: Time for an insurance check up free, no obligation. In comparison,
Speaker 4: call Compass Insurance paying too much your coverage at dozens
Speaker 4: of insurance companies find out now three all three seven
Speaker 4: seven to one help. You'll think you're his only customer
Speaker 4: when you choose Frank durand the real estate Man dot
Speaker 4: com to list your home with Remax Alliance three all
Speaker 4: three nine two zero sixteen twenty two. Hi Tom Martino,
Speaker 4: your trouble shooter three all three seven one three talks
Speaker 4: seven one three A two five five listen. I wanted
Speaker 4: to uh tell you that I've had a number of
Speaker 4: people that we are getting to and I apologize if
Speaker 4: we have an on Wave eight Wealth Management and I
Speaker 4: certainly appreciate your trust. And we have found numerous cases
Speaker 4: where people have been being overcharged and inappropriate investments and
Speaker 4: they thought they were doing wonderful look at I don't
Speaker 4: want to be a debbie down or if you have
Speaker 4: a great way of doing things, will tell you. I
Speaker 4: promise you that's not what this is about. I want
Speaker 4: you to be doing well. There are some people we've
Speaker 4: told they're doing great, and some people don't need any
Speaker 4: help whatsoever, and they can do things they were doing
Speaker 4: on their own, by the way, totally on their own, anyway.
Speaker 4: So if you want help, if you want us to
Speaker 4: go over it. I've met with people personally and we've
Speaker 4: gone over their results and they've been very, very happy
Speaker 4: with what we've told them. Here's the point, and I
Speaker 4: took some notes on some of the stuff. I'm finding
Speaker 4: a lot of people are building equity, but they're not
Speaker 4: planning for cash flow in retirement. Equity'll do you no
Speaker 4: good as you grow toward retirement. You have to start
Speaker 4: thinking of equity as transferring to income or retirement. And
Speaker 4: that doesn't always mean an annuity, by the way, there
Speaker 4: are many many ways to do that. But it's like anything.
Speaker 4: I mean, an exaggerated example would be artwork, for example. Okay,
Speaker 4: that's equity, meaning it grows and it's valuable, but it
Speaker 4: does nothing for you as you get older. If it's
Speaker 4: not income unless you want to leave it, that's different.
Speaker 4: But this is what's really important. It's the conversion from
Speaker 4: equity to cash flow. And then when you're younger or
Speaker 4: middle aged and you have cash flow but you're not
Speaker 4: converting it to equity, that's another mistake because cash flow
Speaker 4: can be spent or just saved and you end up
Speaker 4: losing it, or it deteriorates or inflation eats it up.
Speaker 4: But if you take some of that cash flow and
Speaker 4: move it into equity and then let that sit, that'll grow.
Speaker 4: So there's two ways that you gain net value, but
Speaker 4: only one way to achieve wealth, and that's in the
Speaker 4: knowledge of when to transfer back and forth from equity
Speaker 4: to cash flow. Okay, that's really the importance. That's the
Speaker 4: biggest mistakes people make. They're either top heavy in cash
Speaker 4: flow with no equity or top heavy inequity with no
Speaker 4: cash flow, or they don't know when to go back
Speaker 4: and forth. And I want to say one thing about
Speaker 4: real estate investment. Real estate is great, but here's something
Speaker 4: you need to know about real estate. And this is
Speaker 4: why Barry over at Vestera Turnkey, if you listen to
Speaker 4: his program, he very seldom keeps his people in the
Speaker 4: rentals more than three years. Very seldom he moves them in.
Speaker 4: He moves them out. Sometimes they ten thirty one into
Speaker 4: new ones. Sometimes they just sell and take the money.
Speaker 4: Why does he do that? Well, this is something you
Speaker 4: need to know about real estate. If you're investing to
Speaker 4: become a landlord, you get depreciation and you get right
Speaker 4: off for expenses, and then you get income for rent.
Speaker 4: The object is to get rental income, which is offset
Speaker 4: by depreciation to OxT extent. So the depreciation is an
Speaker 4: invisible expense, right, So that's good for you. Now what
Speaker 4: you have then is equity as well. So now you
Speaker 4: have depreciation, it helps in taxes, you have rent which
Speaker 4: helps with income, and then you have equity which helps
Speaker 4: later on to sell. It's all wonderful, but here's the mistake.
Speaker 4: A lot of people make whore landlords. They get into
Speaker 4: it for too long. So as you get into your
Speaker 4: sixties or later and you have all this equity the
Speaker 4: assets getting older. When you have equity growing and assets
Speaker 4: getting older, you have the risk of an event, a
Speaker 4: major event, a big giant HVAC system or roof or
Speaker 4: just anything. I'm not saying it always happens, but no
Speaker 4: matter what, there will always be something. Because it is
Speaker 4: not monolithic and permanent. It is a deteriorating asset and
Speaker 4: you have to keep up on it. So as you
Speaker 4: get older. While you love that income and you love
Speaker 4: that equity, you should harvest that equity and then convert
Speaker 4: it to a safer form of income so you still
Speaker 4: get the income you love from real estate without having
Speaker 4: to go over and paint or change bulbs or have
Speaker 4: a management company. You could take the equity now and
Speaker 4: put it into municipal bonds or even a fixed indextinuity
Speaker 4: or other investments where the income is still there but
Speaker 4: the deterioration and depreciation is long behind you. So again conversion.
Speaker 4: The mistake people make sometimes is not the accumulation, it's
Speaker 4: the conversion and knowing when to convert. I love talking
Speaker 4: about this stuff because I see it every day. And
Speaker 4: here's the problem. I think a lot of people if things,
Speaker 4: if they haven't addressed them in a while, they start saying,
Speaker 4: you know what, I don't want to think about it.
Speaker 4: It's just something you keep putting off. I know I
Speaker 4: do that sometimes that I don't get to my financial
Speaker 4: statements or my when you balance your accounts or your
Speaker 4: quick books. The longer you stay away, the harder to
Speaker 4: get back. But then once you do it, you feel
Speaker 4: so good? Right anyway? Our number three oh three seven
Speaker 4: won three talk seven one three eight two five or
Speaker 4: three oh three Martino three oh three six two seven
Speaker 4: eight four sixty six. By the way, you can also
Speaker 4: if you want to get a hold of Wave eight
Speaker 4: Wealth Management for a free consultation. You want to talk
Speaker 4: to me and shoot the breeze three oh three seven
Speaker 4: seven to one help three oh three seven seven one
Speaker 4: four three five seven. You can text or call and
Speaker 4: leave a message three oh three seven seven one help.
Speaker 4: The website is Waveeightcapital dot com, the number eight and
Speaker 4: uh two interesting items. This guy said from the United
Speaker 4: Healthcare This is a text United Healthcare murder. Oh do
Speaker 4: I have to take this break? Okay? Real kick? His
Speaker 4: family is very rich and if he had some claim
Speaker 4: denied for surgery, his family could have paid for it.
Speaker 4: And he apparently had oh oh oh oh, I'm sorry
Speaker 4: they're talking about not the CEO, the suspect. He is
Speaker 4: rich from a rich family, so therefore, even if he
Speaker 4: was turned down, they could have paid for it. And
Speaker 4: the second one, he wasn't even a customer.
Speaker 10: Right that. That's the weird part of it, don't you think, Tom.
Speaker 4: Yeah, maybe he had a friend going through something. Maybe
Speaker 4: they came to him saying, Hey, I know you have
Speaker 4: back problems. I have back problems. What did you do
Speaker 4: my insurance company? Who knows We're gonna find out? Go
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Speaker 4: three nine two zero sixteen twenty two. Hi Tom Martine
Speaker 4: here three all three seven one three talk three oh
Speaker 4: three seven one three eight two five If Kevin Coggin,
Speaker 4: what are we going to do in the car business now?
Speaker 4: As far as the coming days, are things the same
Speaker 4: getting better? Anything? People should watch out for buying a car,
Speaker 4: servicing cars, use cars? What are you seeing? Let's just
Speaker 4: talk about that.
Speaker 5: These cars are hard to find and they're expensive, so
Speaker 5: get them pre checked.
Speaker 4: Yes, sure, a ton.
Speaker 5: Of pre checks, and probably half of the cars don't pass.
Speaker 4: Wow seriously, or at least they know what they're facing. Yes,
Speaker 4: because when you PreCheck, you can say, hey, this car
Speaker 4: is going to need this, this and this, and this
Speaker 4: is what it will cost exactly. So then you take
Speaker 4: that cost and you compare it to the purchase price.
Speaker 5: And you can either renegotiate price or just get a
Speaker 5: different car in better shape or whatever. But yeah, please please.
Speaker 4: You said about half of the cars end up being
Speaker 4: one they failed.
Speaker 5: I mean they need more than two thousand dollars in repairs.
Speaker 4: And what level of car are you checking for?
Speaker 5: People?
Speaker 4: What price ranges?
Speaker 5: Probably between ten and twenty most of them.
Speaker 4: Okay, yeah, but it at the prices you charge, you
Speaker 4: should even get a car checked. If you're paying five
Speaker 4: or six grand, Oh.
Speaker 5: Absolutely, for one hundred and fifty bucks, yeah yeah, why not?
Speaker 4: Come on, man, that is unbelievable. And you what you
Speaker 4: do is you find out the condition of a car.
Speaker 4: And as far as the uh uh tires, I wanted
Speaker 4: to ask you something. If you have a choice of
Speaker 4: all weather or snow tires in Colorado, I'm almost leaning
Speaker 4: toward all weather because snow tires. What if you put
Speaker 4: them on in the last show storm this dry.
Speaker 5: Page unless you somebody goes to the mountains a lot, okay,
Speaker 5: because the differs with snow tires is the ice that
Speaker 5: you get blizz acts and things they grip like studded
Speaker 5: snows to do without studs.
Speaker 4: So but let me ask you this, just how bad
Speaker 4: is regular pavement on snows Kenny?
Speaker 5: It's just yeah, you get twenty five thousand miles on
Speaker 5: a set of snow tires, were you know, fifty sixty
Speaker 5: on a set all season mile or twice?
Speaker 4: But you have so you always have trade off.
Speaker 5: Yes, they're softer, that's why they griped the out.
Speaker 4: Do you change snow tires too all the time? When
Speaker 4: do you put them on?
Speaker 5: Uh? Anymore? People aren't putting them on because.
Speaker 4: I know, I know that's anyway. I'm Tom Martino. Don't
Speaker 4: forget referral lists dot com and of course Wave eight
Speaker 4: Capital three oh three seven seven one help and then
Speaker 4: you can call three oh three Martino around the clock
Speaker 4: for help, information and referrals and save all your problems
Speaker 4: for me.