Speaker 1: Yeah, ripped up, didn't need advice, so you don't have.
Speaker 2: Come running. Just as fast as we can.
Speaker 3: Shooter's gonna help come.
Speaker 4: Man Dix's The Troubleshooter Show. No Tom Martino, Hello.
Speaker 5: Tom Martino, here fighting for you, going on forty five years,
Speaker 5: same radio show, same person, same action. I got some
Speaker 5: other people helping me out as usual. They're great people
Speaker 5: and they're all ready to do it. We love taking
Speaker 5: retired executives, retired or people who are still active even
Speaker 5: and putting them to work for us and for you.
Speaker 5: We also have lawyers and doctors and accountants and experts.
Speaker 5: That's what we do here today. In addition to everything else,
Speaker 5: will be talking about solar. Solar is misunderstood. A lot
Speaker 5: of people think, well, that may not be a good
Speaker 5: option anymore. We'll talk about that. I'm also talking about scams.
Speaker 5: I can't believe that.
Speaker 6: So this is.
Speaker 5: Scams are the most ridiculous things, and yet it is
Speaker 5: the number one reason people are losing money. It is absolutely,
Speaker 5: positively the biggest reason people are losing money.
Speaker 6: There are so many.
Speaker 5: People losing money life savings from scams, scams, and the
Speaker 5: biggest scam right now, Well, I don't know if it's
Speaker 5: the biggest. It's biggest for dollar amounts. It may not
Speaker 5: be biggest for the most people involved, but it's biggest
Speaker 5: for dollar amounts.
Speaker 6: Anybody want to take a guess on it?
Speaker 7: Uh, I would guess the biggest and dollar amounts would
Speaker 7: be the people who file fraudulent titles to your home
Speaker 7: and then they take out ginormous loans against your equity.
Speaker 6: Now it's probably the most prophet title title theft is
Speaker 6: one of the lowest forms of fraud there is. Oh,
Speaker 6: how about per event romance scams?
Speaker 8: Number one about people calling older people and impersonating you
Speaker 8: know what.
Speaker 5: I didn't have that on my list. I got to
Speaker 5: do that. That's called the grand parent scam. The grandparent
Speaker 5: scam is where someone calls up. It's amazing how grandparents.
Speaker 5: I don't know how they fall for it. So somebody
Speaker 5: simply calls and says grandma, and they.
Speaker 6: Say is this you harry?
Speaker 5: And then yes it is, and then they they impersonated
Speaker 5: a grandson or a granddaughter in trouble. Oh, I've never
Speaker 5: heard of a granddaughter. I imagine it happens. They impersonate
Speaker 5: somebody in trouble.
Speaker 9: They're in Mexico and jail.
Speaker 8: My uncle got tom My uncle got scammed out of
Speaker 8: thirty thousand dollars from that, yes, six years ago.
Speaker 10: It was really bad.
Speaker 8: They called and they acted like they knew his nieces,
Speaker 8: and he said, is.
Speaker 10: That my niece Joe Anne?
Speaker 2: Yes?
Speaker 8: Yes, So they they glombed onto the name and he
Speaker 8: went to the bank and withdrew practically his life savings
Speaker 8: and Western Union to some place in Mexico.
Speaker 5: Hey, give us a call if you've been scammed. Of
Speaker 5: course you can call us with any problem, question or complaint.
Speaker 5: But basically, deputy Doc hit. It the biggest scam. They
Speaker 5: call it. You know what the nickname is in the
Speaker 5: scam world for this, butchering pigs.
Speaker 6: They call it butchering pigs. And it's a.
Speaker 5: Terrible name, but or pig bookscher, bookscher butchering. Now, what
Speaker 5: what they do is they basically feine interest in you,
Speaker 5: they call it. And when they feign interest in you,
Speaker 5: you get interested in them. They start exchanging emails and
Speaker 5: eventually they ask for money, money to come see you,
Speaker 5: or money to get married. Unbelievable, but it's one. It's
Speaker 5: one of the very most common scams. And uh, it's terrible.
Speaker 11: Tom treats me about these. I get a lot of
Speaker 11: these on the AARP line, and what amazes me is
Speaker 11: that people don't understand reality. You have thirty You have
Speaker 11: fifteen sixty year old men and women who get involved
Speaker 11: with people who are thirty years younger than them, who
Speaker 11: are overseas and never ever talk to them or face
Speaker 11: time them, and they have no reality testing mechanisms.
Speaker 12: They don't understand.
Speaker 5: Yeah, but don't let don't let don't let a FaceTime
Speaker 5: or a zoom be the deciding factor because they know
Speaker 5: how to fake those two.
Speaker 11: No, But what they don't they don't realize is that
Speaker 11: if you're a fifty five year old man or woman,
Speaker 11: there's no twenty eight year old model or a special
Speaker 11: Forces person that's going.
Speaker 12: To be interested in you.
Speaker 6: If they're rich, they would be, But these aren't rich people.
Speaker 12: And I can tell them to look as well.
Speaker 5: I'm well, look, there are a lot of people. Think
Speaker 5: now listen, I got a text here saying that scammers
Speaker 5: are shameless. They're vicious, heartless, greedy sociopaths.
Speaker 6: You know, Mark, do you remember we talked to one
Speaker 6: on air and he actually told us.
Speaker 13: Actually I didn't find him that way. I'll tell you
Speaker 13: how I found him. I found him like it was
Speaker 13: a job. He would split I think forty percent, he'd
Speaker 13: get forty percent of his take. And he would show
Speaker 13: up at an office and they were I think they
Speaker 13: were in Jamaica, and he was just like very matter
Speaker 13: of fact. It's not like I'm just screwing people. It's
Speaker 13: like a job. It's like selling an undercoatd a car.
Speaker 13: I mean, do these car dealers screw people when they
Speaker 13: try to sell you all the flim flam and the
Speaker 13: mop and glow.
Speaker 6: I don't know. No, No, we're talking.
Speaker 5: There's a difference between shady business practices and out and
Speaker 5: out skin.
Speaker 6: I agree, or just said.
Speaker 13: But in his mind that's what I believe. To him,
Speaker 13: that was just his job. He didn't personalize the people
Speaker 13: he was talking to.
Speaker 5: Ah, I'm bringing up the studio now, Brooke White's there
Speaker 5: from Red Rocks Roof and so Brook people. What's the
Speaker 5: biggest stumbling block to getting solar right now? I think
Speaker 5: it would be that they don't know they're going to
Speaker 5: stay in their house. But that's my guess. What is
Speaker 5: the what would be the biggest stumbling block?
Speaker 14: I think it depends on if you're talking residential or commercial.
Speaker 5: So let's talk residential. What's the biggest block to residential?
Speaker 15: Definitely the equity piece.
Speaker 14: I think, like you said, how long are they going
Speaker 14: to stay in their home and what's the sale value
Speaker 14: of the solar when they go? Because right, racing systems
Speaker 14: kind of destroyed that relationship with solar and realtors and
Speaker 14: it still hasn't recovered.
Speaker 6: What do you mean, what do you mean leasing solar?
Speaker 14: Yeah, so back in the early two thousands when solar
Speaker 14: was starting to get more popular, it's because they were
Speaker 14: doing leases. So if you bought a system, let's say
Speaker 14: from Tesla, Tesla would own the system. They would just
Speaker 14: sue it on your roof space for twenty years.
Speaker 6: Twenty five years, Yeah, twenty five years.
Speaker 14: And then after that they would come back and either
Speaker 14: take it or you would buy out the system.
Speaker 5: And so with that during that twenty five years, are
Speaker 5: you saying it impeded home sales?
Speaker 15: Yes, absolutely, there was a lot.
Speaker 14: Of issues with home sales if you leased a system.
Speaker 5: I can see that because if a new person didn't
Speaker 5: want to take it over, you couldn't leave it there.
Speaker 5: You'd have to take it with you, and that would
Speaker 5: be cost prohibitive.
Speaker 14: You couldn't take it with you because it was tied
Speaker 14: to that property. So you would have to either pay
Speaker 14: for it, continue to pay it, or.
Speaker 6: You pay it in full.
Speaker 2: Yep.
Speaker 5: So when you pay it in full early, can you
Speaker 5: get financing for it?
Speaker 15: For lease systems, you either have to pay it all.
Speaker 6: Well, wait a minute, that would be silly. You can't.
Speaker 5: You can't do that if you're leasing. If you are
Speaker 5: on a twenty five year lease and you're fifteen years
Speaker 5: into it or ten years into it and you sell
Speaker 5: your house, you couldn't take a loan out to pay
Speaker 5: for that because it's you know, there's nothing to secure it.
Speaker 5: I mean, you're selling the house with the solar system,
Speaker 5: So that's stupid.
Speaker 6: When I said, do they take.
Speaker 5: A loan so they have to take out of their
Speaker 5: celle proceeds enough money to pay off that lease?
Speaker 14: Sometimes they would, but even sometimes it wouldn't go through
Speaker 14: depending on who you leased it through. They weren't always
Speaker 14: the most cooperative companies either, from what I've heard.
Speaker 6: I mean, even if you wanted to pay them off,
Speaker 6: even if.
Speaker 15: You wanted to pay off the lease.
Speaker 14: This is just Hearsaye from what I've heard from realtors,
Speaker 14: this was a system that was put in place long
Speaker 14: before I started doing solar, so I'm not exactly sure
Speaker 14: on the specs. I just know that it did cause
Speaker 14: issues with sales of homes back in the day.
Speaker 5: Okay, yeah, no, I know it did. I know it did,
Speaker 5: and it was it was they were leases. When the
Speaker 5: new owner didn't want to take over the lease, the
Speaker 5: old owner had to pay it off and it came
Speaker 5: out of their cell proceeds. I mean, they just you know,
Speaker 5: they had to pay it off.
Speaker 6: It was. It was a contingent on them paying it off.
Speaker 5: And then what happens is the new owner gets it
Speaker 5: free and clear, and if you can get more for
Speaker 5: your house, you can try.
Speaker 6: But a lot of people won't pay more for solars.
Speaker 5: Some actually avoid solar, so it's really a weird situation.
Speaker 5: We all recognize solar to be good, but we do not,
Speaker 5: we truly do not.
Speaker 6: Believe that when we go out to buy a house.
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Speaker 16: You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up free no obligation comparison
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three all three seven
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate Man dot
Speaker 5: com to list your home with Remax Alliance three oh
Speaker 5: three nine two zero sixteen twenty two. Hey Tom Martino
Speaker 5: here three oh three seven one three talks seven one
Speaker 5: three eight two five five. It's interesting looking at these
Speaker 5: scams that go on.
Speaker 6: I mean, there are so many of them.
Speaker 5: And uh, I'm getting a lot of texts about it.
Speaker 5: And you can text me at seven four seven nine
Speaker 5: nine nine fifty two eighty or through iHeart at the
Speaker 5: short code five seven seven three nine Put Tom in there,
Speaker 5: get to me. Somebody says, I find paranoia to be
Speaker 5: very useful with all online interactions. The worst part of
Speaker 5: it is valid organizations that use the same methods online
Speaker 5: end up being victims. Another said, repeat after me, No
Speaker 5: matter what they say, there is no reason to give
Speaker 5: my money to someone I only know through the Internet.
Speaker 5: You'd be shocked how many people they pay so much
Speaker 5: and so over the years, I put together some of
Speaker 5: these scams, and there are so many of them that
Speaker 5: I put together, so many and the tech scam that
Speaker 5: is really the PC tech scam. So what they do
Speaker 5: is they get you get up, your computer freezes up,
Speaker 5: or you call for support, or they call you and
Speaker 5: they say they're from Microsoft and they want to gain
Speaker 5: access to your computer. It's all part of a phishing scam.
Speaker 5: But these PC tech scams, oh my god, it's amazing
Speaker 5: what people do.
Speaker 6: Some of these older people let them into their.
Speaker 5: Computer and then everything, every dime they've ever had is gone,
Speaker 5: just gone, because someone went into their bank account. It's
Speaker 5: it's hard to believe, but it happens all the time.
Speaker 5: Called screener, let's go to Shelley. Hi, Shelley, you were
Speaker 5: working with Deputy d and this was an RV issue.
Speaker 6: How long ago was this one?
Speaker 9: Shelley first called a April third.
Speaker 5: April third, Okay, so what was the original problem with Shelle?
Speaker 6: Any of you, Shelley or d.
Speaker 2: Tom.
Speaker 7: Shelley called in because because she lived in an RV
Speaker 7: which was parked in the street and then Denver came
Speaker 7: and towed it away, and Shelley does not want the
Speaker 7: RV back, but she wanted some more time to remove
Speaker 7: some of her personal belongings from the RV.
Speaker 9: So she went to the impound yard.
Speaker 6: I remember this.
Speaker 7: Yeah, she gained access to the RV, but she felt
Speaker 7: like she wasn't given enough.
Speaker 6: She was given fifteen minutes, and she said, that's not fair.
Speaker 6: I thought. The sheriff's department said she was there for
Speaker 6: more than an hour.
Speaker 7: Yeah, So I spoke with the sheriff's department. They checked
Speaker 7: their records. They claimed that she was there for an
Speaker 7: hour before they finally kicked her out. So I asked
Speaker 7: the sheriff's office to please get her, give her another
Speaker 7: chance to come in for a fifteen minute interval and
Speaker 7: grab her stuff. And the sheriff's department said, yeah, that's fine,
Speaker 7: she can come back. She'll be supervised by a deputy,
Speaker 7: which is their policy, and she'll have fifteen minutes. And
Speaker 7: so I called Shelley a few days after that initial
Speaker 7: phone call from her.
Speaker 9: We discussed.
Speaker 7: I asked her to come up with a plan, like
Speaker 7: figure out what she wants to get, how she's going
Speaker 7: to get it in fifteen minutes and be in and
Speaker 7: out and and that's it. So now Shelley's calling because
Speaker 7: I assume show he kind of hit a snag.
Speaker 9: In that plan and something.
Speaker 6: Well did they let you back, Shelley?
Speaker 17: And well, they did, but they only they said one
Speaker 17: of only one of us to go in My roommings
Speaker 17: went in and I was sitting in the car and
Speaker 17: I opened the door and he said, you do not
Speaker 17: supposed to see her? They said one. They said only
Speaker 17: one of you can go in. I didn't enter it.
Speaker 17: They kind of live on in there, not even five minutes.
Speaker 17: But he also found that a lot of our stuff
Speaker 17: was stolen. My jewelry box, while all the drawers were missing,
Speaker 17: the power tools were missing, you know, you know, I mean,
Speaker 17: both of us know what we had in there, but
Speaker 17: I don't know who hereinning packed us too much. I
Speaker 17: understanding they didn't even enter it for thirty days. After
Speaker 17: the thirty days, the inventory is right, and so's Sheriff's
Speaker 17: impound as my friends here.
Speaker 6: Yeah, so I'm not sure of the process. Are they
Speaker 6: supposed to get personal property back?
Speaker 9: Yes, they do have a policy of allowing people in.
Speaker 6: I mean, what is the law on it, you know,
Speaker 6: I don't.
Speaker 9: Think there is a law. I wasn't able to find
Speaker 9: any law.
Speaker 12: It is.
Speaker 7: It appears to be the Denver Sheriff's office policy. And
Speaker 7: they do allow one person in and you've got fifteen minutes.
Speaker 7: And my understanding is they only allow you one event
Speaker 7: like that and after that you're done.
Speaker 9: You either bail out your.
Speaker 7: RV or you abandon it with the Sheriff's office. So
Speaker 7: I'm not surprised to hear Shelley say that they would
Speaker 7: not allow her and her roommate to enter the RV.
Speaker 7: And I'm also not surprised to hear that a bunch
Speaker 7: of stuff had been stolen. So whether it got stolen,
Speaker 7: you know, before the before the RV got towed, or
Speaker 7: while it was at the Sheriff's department, I don't doubt
Speaker 7: that stuff was stolen. I doubt that there is anything
Speaker 7: that the sheriff's office is going to do about stolen
Speaker 7: stuff though, I.
Speaker 6: Don't think so.
Speaker 17: We know what we've been there.
Speaker 5: Yeah, but I don't think who are you going to blame?
Speaker 5: They're going to deny it. I mean, this is this
Speaker 5: is almost an unwinnable situation when people say this. Now,
Speaker 5: towing companies in Colorado must release certain essential items without
Speaker 5: any payment whatsoever. Prescription meds, medical equipment, child restraint systems,
Speaker 5: credit cards and cash, state or federal issued identifications in
Speaker 5: your wallet, and cell phones. That's the only, well not
Speaker 5: the only, but that those are some of the things
Speaker 5: they must release. The items must be released upon demand
Speaker 5: during business hours, and that is during the first twenty
Speaker 5: four hours of the of the tow with an hour's
Speaker 5: notice outside of business hours.
Speaker 6: Yeah, so that's that, with one hour's note. What's that mark?
Speaker 6: I mean, that's that.
Speaker 13: It's it that twenty four hours has coming gone a
Speaker 13: long time ago for them to have to release anything.
Speaker 7: But yeah, but gentlemen, keep in mind that law does
Speaker 7: not apply in this case. Why because this vehicle was
Speaker 7: impounded by the Sheriff's office. Oh yeah, touch company. So
Speaker 7: it's it's in the Denver impound yard. Oh, and I
Speaker 7: could find no law that addresses Denver's responsibility with regard
Speaker 7: to the vehicle owner or occupant. So that's why we
Speaker 7: looked at Denver Sheriff's department policy, which was explained to
Speaker 7: me in great detail, and it's a very simple policy
Speaker 7: and it's exactly what I just told you.
Speaker 6: So did you end up so you and a lot
Speaker 6: of the stuff was stolen? Is that what you're telling us?
Speaker 17: Well, and then it wasn't a lot that it was
Speaker 17: on his power tools my jewelry, right.
Speaker 5: And so are you accusing the Sheriff's department of stealing
Speaker 5: it or who?
Speaker 6: Or people at the impound yard?
Speaker 2: Who?
Speaker 6: Who do you think stole it?
Speaker 17: No, because there's a guard at the gates. So the
Speaker 17: inventory they inventoried it. So it was and they said
Speaker 17: because things were laid out like on the bed, and
Speaker 17: they do.
Speaker 5: You have a sheet from the Sheriff's department showing that
Speaker 5: there were power tools and now they're gone.
Speaker 17: No, they were in their inventory in but they took
Speaker 17: somebody took stuff.
Speaker 5: Out, so it had when they did the inventory list.
Speaker 5: Were the power tools listed on the inventory list?
Speaker 17: You didn't show us an inventory list because it's not
Speaker 17: up for They can't even sell it until the thirty days?
Speaker 2: Is that?
Speaker 17: But we have we have thirty days to reclaim our things.
Speaker 17: But when they only give us, we were not there.
Speaker 5: In an hour by you know, the law doesn't address
Speaker 5: this is interesting because the law doesn't address how much
Speaker 5: time they give you.
Speaker 6: It doesn't say a word about it. Well, I don't
Speaker 6: think she can move that thing.
Speaker 17: Don't want to move it.
Speaker 9: I just want Yeah.
Speaker 13: I know that means no one's going to get paid
Speaker 13: for the toe and stuff. That's my point of saying that.
Speaker 12: So, Shelley, are.
Speaker 7: You calling because your stuff was stolen? Or are you
Speaker 7: trying to get into the r V again to get someone?
Speaker 17: Because they only gave him five minutes and then they
Speaker 17: told us we had to leave because I was in
Speaker 17: the backseat. They said only one person could enter. He
Speaker 17: was the only one that went inside. I stayed in
Speaker 17: the car and he said, oh, get here, and I'm like,
Speaker 17: this is my home now with my car. So if
Speaker 17: I mean, I think we've suffered enough. They took the
Speaker 17: right mansfield completely out. I don't know what they did
Speaker 17: with it. That that's how they got in fite of
Speaker 17: it because.
Speaker 5: We have by the way, by the way, if there
Speaker 5: they're not allowed to limit your time.
Speaker 9: Well, that's the private pound yards.
Speaker 6: Or why are you.
Speaker 5: Saying that the Sheriff's department doesn't have to follow anything.
Speaker 7: Well, they have to follow something. But the law that
Speaker 7: you just quoted place the private impound yards and in
Speaker 7: private towing companies. This is this is outside of the
Speaker 7: scope of that law. This is the sheriff's impound yard.
Speaker 6: I don't think how much is the stuff worth it's missing.
Speaker 17: I would say it probably about a thousand dollars.
Speaker 6: You're going to have a hell of a time trying
Speaker 6: to get that.
Speaker 7: There's zero chance that the government is going to accept
Speaker 7: responsibility enough that somebody claims was stolen from there.
Speaker 6: They're not going to even if they have a video.
Speaker 9: Of somebody's stealing it from the umpiled yard. They're not
Speaker 9: going to do anything. They're the government. They're not they don't.
Speaker 5: Want I'm sorry, Shelley, I don't think you're gonna retrieve that.
Speaker 5: I mean, I'm just being straight with you. I don't
Speaker 5: think you're going to retrieve that stuff. Three oh three
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Speaker 5: lubricate it if it needs it. Some of those are
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Speaker 5: sure everything is ready to go for the spring rains,
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Speaker 5: Time for an insurance check up free, no obligation. In comparison,
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three all three seven
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate Man dot
Speaker 5: com to list your home with Remax Alliance three all
Speaker 5: three nine two zero sixteen twenty two. Hi Tom Martino
Speaker 5: three three seven one three talk seven one three eight
Speaker 5: two five five. All right, you know these scams, man,
Speaker 5: It's just amazing to me how many there are. I'm
Speaker 5: going to start mentioning these a little each time on
Speaker 5: the air. But first I want to take this call,
Speaker 5: and here he is, Okay, go ahead, Bob, you want
Speaker 5: to talk about Excel Energy.
Speaker 6: What's going on with you?
Speaker 18: Yeah, mister Martino, I used to have a rental in Colorado.
Speaker 18: I lived in Colorado my whole life, and I recently
Speaker 18: moved to northeast Wyoma. But I had two houses.
Speaker 19: And I rented one out.
Speaker 18: Well, one of my tenants wanted to buy the house
Speaker 18: in twenty twenty, so I sold the house tour and
Speaker 18: I've got the documents to prove it, and that was.
Speaker 18: Everything was fine for like three years, and then twenty
Speaker 18: twenty three, she sold the house to a renter, and
Speaker 18: I guess the render decided they didn't have to pay
Speaker 18: the electric bill because the electric bill stayed on. So
Speaker 18: Excel Energy saying that I owe them over seven hundred
Speaker 18: dollars because there was a landlord.
Speaker 5: Were you on the account? You were on the account
Speaker 5: the whole time this woman owned it.
Speaker 18: Well, I wasn't aware that I needed to call Excel
Speaker 18: Energy and cancel the landlord agreement. So three years went by,
Speaker 18: and you know, obviously the lady I sold her to
Speaker 18: always pay her bill.
Speaker 20: So you know, I'm that dumb and happy.
Speaker 18: I'm a disabled vet, moved to Northeast Wyoming, I'm retired,
Speaker 18: and now all of a sudden, I'm getting calls from
Speaker 18: Excel And now today I got a text from Harris
Speaker 18: and Harris, which I don't know if they don't know
Speaker 18: how to contact me, but it's a collection agency saying
Speaker 18: that they're representing Excel Energy. So you know, I don't
Speaker 18: know what to do here. Am I going to have
Speaker 18: to pay it and then go after the.
Speaker 20: Person the house?
Speaker 21: Yes, that's what I'm gonna have to do.
Speaker 5: Yes, Yeah, Unfortunately, unfortunately you you go to small claim
Speaker 5: score and how much is it?
Speaker 18: I don't don't know what was seven hundred dollars?
Speaker 11: So this will.
Speaker 5: Did you try did you try offering Excel proof of
Speaker 5: sale documents?
Speaker 22: Yeah?
Speaker 20: In fact, one.
Speaker 18: Lady, the first lady I talked to when I called,
Speaker 18: she goes, just email is proof of the sale and
Speaker 18: it won't be a problem, it'll be expunged. And then
Speaker 18: so I sent it. She gave me an email address
Speaker 18: and I sent the documents stuff in even with the
Speaker 18: account number and stuff with Xcel and lo and behold,
Speaker 18: I kept getting notices, so I called them again and
Speaker 18: the different ladies says, she.
Speaker 22: Told you incorrectly.
Speaker 18: You know you'd never canceled this landlord agreement, so you're
Speaker 18: responsible for it. And I'm like, well, what about the
Speaker 18: person that's been living there for two years and not
Speaker 18: paying for electricity?
Speaker 20: I mean, surely they.
Speaker 5: Knew that person. That person is responsible to you. Right listen,
Speaker 5: I'm going to tell you something. I'll tell you what
Speaker 5: your biggest enemy is. And I would go to small
Speaker 5: claim scored against that homeowner, get a judgment and put.
Speaker 6: A lien on the house.
Speaker 5: I would Your biggest problem is that went on for
Speaker 5: three years or more. That's your biggest problem. Had you
Speaker 5: caught this right away, I think they would have done it.
Speaker 5: But I think they're probably thinking, you know what, he
Speaker 5: might be responsible.
Speaker 6: It's really very It's your worst.
Speaker 5: Nightmare is letting time pass on stuff like this. It's
Speaker 5: not not a good idea. Three all three seven to
Speaker 5: one three talk, yeah, thank you, three all three seven
Speaker 5: one three eight two five five.
Speaker 6: Bo. Do you have a question for Uh?
Speaker 12: Yes, I do.
Speaker 6: Hi Brook Brook White with Red Rock Solar, Go ahead.
Speaker 8: Brook, I have a question about these tax credits that
Speaker 8: you get from other customers that.
Speaker 6: What do you mean you get from other customers? What
Speaker 6: are you talking?
Speaker 8: Well, if they buy a solar system and they get
Speaker 8: like a thirty or forty thousand dollars credit, they they
Speaker 8: might be in a situation where they cannot use the
Speaker 8: credit because oh, oh any taxes, right, So.
Speaker 5: Uh, he's asking if you've had any customers that can't
Speaker 5: use the credit, and then what do they do?
Speaker 6: Do they sell it?
Speaker 8: Yes, I'd like to know Brook, how how I kind
Speaker 8: of know how that works. But let's say I were
Speaker 8: to buy a tax credit from one of your customers.
Speaker 8: Can I use that like for years down road, like
Speaker 8: for twenty twenty six, twenty twenty seven, or do I
Speaker 8: have to use the tax credit in the same year
Speaker 8: that I purchase it?
Speaker 15: So it depends on how you buy the tax credit.
Speaker 15: This is a great question.
Speaker 14: So if you buy the tax credit as a person,
Speaker 14: then you can only use it for the year that
Speaker 14: you bought it moving forward, but you have twenty years
Speaker 14: to utilize it so you can use it in the future.
Speaker 15: What's a smarter way to do it is to buy it?
Speaker 2: Wait?
Speaker 6: Wait, wait, wait, wait wait, I think you just said
Speaker 6: you didn't say both.
Speaker 5: I mean, didn't you get the impression boat way either
Speaker 5: he can take it or he can So as an individual,
Speaker 5: you said he had to take it in the year
Speaker 5: you bought it, but then you said he had twenty years.
Speaker 6: I'm confused.
Speaker 14: Yeah, absolutely, So with commercial or if you buy it
Speaker 14: as a business, you can actually backdate your taxes so
Speaker 14: you can go backwards to recoup some money you've already
Speaker 14: paid the government.
Speaker 15: If you buy it as a person.
Speaker 14: You have to do it in the starting year is
Speaker 14: the year that the system achieved what's called permission to
Speaker 14: operate or PTO you. So let's say you buy it
Speaker 14: this year because the system became active this year, then
Speaker 14: you could do twenty twenty five and twenty years moving forward.
Speaker 14: If you buy it as a buss, okay, then you
Speaker 14: can go from twenty twenty two and use those that
Speaker 14: as your first year for twenty years isolate.
Speaker 5: So as an individual, you get to go for the
Speaker 5: present year the system became activated for twenty years onward.
Speaker 5: If you're a business, you can go back retroactively.
Speaker 10: Yep, Okay, Well I'm not I'm broke, I'm not a business.
Speaker 8: I'd like to buy one and then use it like
Speaker 8: five years down, use a little bit every year.
Speaker 15: Yeah, absolutely, How much are you looking for? I got
Speaker 15: fous it wouldn't to sell.
Speaker 5: Now wait a minute, So to buy a tax credit,
Speaker 5: how do they assign it to you?
Speaker 14: So both parties have to be set up with the
Speaker 14: IRS in order to do that. It's a pretty simple
Speaker 14: process that usually takes about two to three weeks for
Speaker 14: the IRS to review the application, but the application itself
Speaker 14: takes about five minutes to complete when you submit it.
Speaker 15: Once they both have their registration.
Speaker 14: Numbers, then you can then Party A just sells it
Speaker 14: to Party B abnormal contract terms so usually.
Speaker 6: And how much of a discount are they going for?
Speaker 6: Right now?
Speaker 5: If I bought one thousand dollars in tax credits, how
Speaker 5: much would it sell for?
Speaker 6: Approximately?
Speaker 15: Can I do it the opposite way?
Speaker 14: So if somebody is selling one thousand dollars in tax credits,
Speaker 14: you're going to pay them about seven hundred dollars, so
Speaker 14: you make about thirty percent.
Speaker 5: Yeah, So the person buying gets a discount of thirty
Speaker 5: percent yep.
Speaker 14: And the person selling gets access to funds that they
Speaker 14: wouldn't have access to because they don't have the tax liability.
Speaker 8: Okay, Okay, So if you bought one hundred thousand dollars
Speaker 8: tax credit, you'd be paying about seventy thousand. Yep, you
Speaker 8: mentioned a thirty percent discount. Yeah, that's gonna be a
Speaker 8: lot more like you because that tax credits.
Speaker 14: You get to decide what the contract looks like. So
Speaker 14: if somebody really will never be able to use it
Speaker 14: and they're willing to take a fifty percent drop, I mean,
Speaker 14: it's a contract that you set up in party, Yeah, exactly.
Speaker 6: I mean it's it's supplying to man man.
Speaker 5: If if someone wants to get rid of them and
Speaker 5: they'll never use them, they might sell them for fifty
Speaker 5: cents on the dollar, she said. Normally it's about thirty
Speaker 5: percent discount. All right, We have more coming up on
Speaker 5: the Troubleshooter Show. Three oh three seven one, three eight
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Speaker 5: three nine two zero sixteen twenty two. Hi Tom Martino
Speaker 5: here three O three seven one three talk seven one
Speaker 5: three eight two five five John, Welcome to the show.
Speaker 6: What's going on with you? John?
Speaker 22: Hey?
Speaker 20: Tom?
Speaker 22: How are you today?
Speaker 6: Good? What's happening?
Speaker 11: Oh?
Speaker 22: So, I just wanted to see if you had any
Speaker 22: tips or ideas on doing a lump sum payment for
Speaker 22: a credit card.
Speaker 6: We do have good information on that.
Speaker 5: Tell me what you're talking Are you talking about paying
Speaker 5: a reduced amount?
Speaker 22: Yes, it's just kind of like a artt.
Speaker 6: How much do you have on there? How much do
Speaker 6: you have on there?
Speaker 22: Got it matched out at seventeen thousand?
Speaker 6: One of them is just one card or more than one?
Speaker 22: Just one?
Speaker 6: Okay? Are you looking have you?
Speaker 13: I'm just curious here? Are you looking at just like
Speaker 13: negotiating it down or are you looking at what what
Speaker 13: exactly are you trying to do.
Speaker 5: He's trying to negotiate a lower price for a complete settlement.
Speaker 13: Then, just out of curiosity, do you have a lot
Speaker 13: of other assets that come into play. The worst thing
Speaker 13: for your credit report is going to be that you're
Speaker 13: better off as far as the credit goes, depending on
Speaker 13: your circumstance. To consider doing a chapter seven or eleven,
Speaker 13: depending on what your DBT looks like.
Speaker 5: Gotcha, Yeah, here's the deal, bro Eleven is way too complicated.
Speaker 5: Ninety percent of them fail. But we're gonna come back
Speaker 5: to you. We're gonna come back to you right, thank you, Mark,
Speaker 5: it is a thirteen or seven. We're gonna come back
Speaker 5: to you and explain that to you and try to
Speaker 5: get our expert on Mike Wink if we can during
Speaker 5: the break. So hang on, I'm Tom Martine. This is
Speaker 5: a good topic. Let's talk about seven and thirteen. Go
Speaker 5: with a sure thing Denver's Best roofer Excel roofing dot com.
Speaker 5: You don't pay a cent until you're content. Time for
Speaker 5: an insurance check up free, no obligation. In comparison, call
Speaker 5: Compass insurance paying too much your coverage at dozens of
Speaker 5: insurance companies find out now three oh three, seven to
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate man dot
Speaker 5: com to list your home with Remax Alliance.
Speaker 6: Three oh three nine two zero sixteen twenty two.
Speaker 2: Yeah, ripped you need that's so you don't have come running.
Speaker 2: Just as fast as we can.
Speaker 3: Shooter's gonna help come.
Speaker 4: Man six is the Troubleshooter Show.
Speaker 5: No Tom Martino, Hello, Tom Martino, here fighting for you.
Speaker 6: Let's talk.
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Speaker 5: Three oh three, seven to one three talk seven one
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Speaker 5: three Martino twenty four to seven around the clock. We
Speaker 5: will pick up your message and call you and get
Speaker 5: you on the show. So whatever's on your mind. Let
Speaker 5: us know. John has credit card debt and he wants
Speaker 5: to know about a lum sum settlement. John, you say
Speaker 5: you owe about seventeen grand Is that right?
Speaker 11: Correct?
Speaker 6: Do you owe anything else in your life?
Speaker 5: Let's take a let's take a look, and Mike Wink
Speaker 5: from the Wink law firm. He's a bankruptcy attorney and
Speaker 5: a debt settlement attorney.
Speaker 6: He's listening.
Speaker 5: So you owe seventeen grand in credit card debt?
Speaker 6: What else?
Speaker 23: So because of that debt, I also well, today I'm
Speaker 23: selling my car that I bought two years ago, and
Speaker 23: I'm dropping off five hundred and fifty dollars for a
Speaker 23: month's payments on that.
Speaker 6: Well, what do you get? What are you doing for transportation?
Speaker 20: Well, so I bought a.
Speaker 23: Little oh seven Highlander for sixty seven hundred and I'm
Speaker 23: actually going to make it, hopefully a couple of thousand on.
Speaker 22: The sale of this Kiya.
Speaker 23: And and in lieu of paying off this credit card,
Speaker 23: I got a junior loan to decrease the percentage of
Speaker 23: the payment.
Speaker 5: But wait, are you talking about the seventeen thousand dollars balance?
Speaker 6: You got a loan on it?
Speaker 23: Yeah, I got all the junior loan of the second
Speaker 23: mortgage basically, and that paid out yesterday. So unprepared to
Speaker 23: make a lum some payment, I just don't want to.
Speaker 23: I don't have to pay the seventeen dollars I got it.
Speaker 5: So you got a second mortgage on your home and
Speaker 5: pulled out seventeen grand for this debt, and now you
Speaker 5: want to try to make it less.
Speaker 6: Is that correct?
Speaker 22: That's it? Yeah, that's it in a nutshell.
Speaker 5: And you also you're also selling your car to reduce
Speaker 5: that payment by five hundred a month.
Speaker 23: Right, Yeah, that's that's going to I went from five
Speaker 23: point fifty to now I'm paying.
Speaker 6: What's your what's your income?
Speaker 23: By the way, I'm sitting at it about forty two
Speaker 23: thousand a year before.
Speaker 5: Ye know, Mike wink, if this guy took a second
Speaker 5: on his home. Now, how much equity do you have
Speaker 5: in your home? John, I got to ask you that
Speaker 5: one well after the.
Speaker 23: REFI yeah, yeah, after that it ended up being it's
Speaker 23: still sitting around three sixty.
Speaker 5: If you have three point fifteen equity in your home,
Speaker 5: you just pulled out lump sum of seventeen grand and
Speaker 5: you're selling your car and you're not going to have
Speaker 5: that payment. Mike, I think he's a bad candidate for
Speaker 5: a settlement.
Speaker 6: What about you?
Speaker 24: Well, it all depends on I mean, first of all,
Speaker 24: he's well positioned to settle, right, I Mean the main
Speaker 24: thing is he had cash, and I don't know if
Speaker 24: he's in default on that credit card, but he would
Speaker 24: have to go in the default in order to achieve
Speaker 24: a settlement. And you know, if he comes in the
Speaker 24: default for at least about four or five months, he's
Speaker 24: probably gonna be able to save you know, about half
Speaker 24: of that ballance. So let's say eighty five hundred dollars there.
Speaker 24: You know, there'll be some fees, So let's say it's
Speaker 24: you know, he'll say seventy five hundred dollars. But that's
Speaker 24: the kind of savings he can achieve. Now, I guess
Speaker 24: the question is, you know, should he be filing bankruptcy instead?
Speaker 24: And with three hundred fifty thousand of home equity, he's
Speaker 24: close to the highest limit there is in Colorado to
Speaker 24: protect and you only get that high if either he
Speaker 24: or somebody are dependent in the home is either sixty
Speaker 24: or older or disabled. How old are you.
Speaker 22: Saying fifty two on Monday?
Speaker 25: Yeah?
Speaker 24: And there's nobody in the home disabled or over sixty?
Speaker 6: No?
Speaker 24: Yeah, So with his home equity, bankruptcy would require him
Speaker 24: to repay all the debt. So actually, settlement is a
Speaker 24: good play, and he's well positioned for it because he's.
Speaker 25: Got the cash.
Speaker 16: Now I think, okay, now, Mi, I am.
Speaker 24: A color You're going to sell the car for a profit,
Speaker 24: so you're not looking at a deficiency. Violence there is
Speaker 24: that right, right?
Speaker 2: Correct?
Speaker 22: Okay, yeah, Hey.
Speaker 5: Mike, Mike, I have a question. I want to clarify
Speaker 5: home equity. Home equity is up for grabs beyond exemptions.
Speaker 5: What are the normal exemptions for a home Starting with
Speaker 5: just a regular person with no infirmities, not old, just
Speaker 5: middle aged person, what how much do you get to.
Speaker 24: Shelter fifty thousand of home equity? And then it goes to.
Speaker 5: Three And if you're a married couple filing do do
Speaker 5: you get the five hundred if you have a wife.
Speaker 24: No, it's the same. So Colorado law basically says there's
Speaker 24: one homestead attemption for home So if you're married, you
Speaker 24: still only get too fifty. You're still you get too fifty.
Speaker 24: It's the same deal.
Speaker 5: Okay, that's different with the tax law. But because with
Speaker 5: the tax well you get to exclude five hundred grand
Speaker 5: from your taxes from your capital gains.
Speaker 24: Sure, yeah, and it's different than most other attemptions in Colorado.
Speaker 24: So for example, you get fifteen thousand a vehicle equity
Speaker 24: and you if you're married, you and your spots each
Speaker 24: get fifteen, but you still don't get one home.
Speaker 13: How about just out of curiosity, how about if you
Speaker 13: were tenants in common.
Speaker 24: It's like I said, it's one homestead for property. So
Speaker 24: there's been a lot of wow.
Speaker 5: Okay, so a normal taxpayer who's going a normal taxpayer
Speaker 5: going bankrupt will have two hundred and fifty thousand dollars protected. Okay,
Speaker 5: what goes beyond two hundred and fifty thousand?
Speaker 24: What do you mean by that?
Speaker 6: Which kind of.
Speaker 5: A filer of a bankruptcy would have more than two
Speaker 5: hundred fifty thousand?
Speaker 24: Right, So, typically a homeowner would find it unacceptable to
Speaker 24: lose their home in bankruptcy. And frankly, even if they
Speaker 24: wanted to get out of the home, they'd be better
Speaker 24: off selling it and dealing with creditors, probably outside of bankruptcy.
Speaker 24: So if you are, if you are over the two
Speaker 24: fifty and bankruptcy still makes sense, it's probably because you're
Speaker 24: not that far over to fifty and or you have
Speaker 24: a lot of debt.
Speaker 5: Right, So then then we can all right, But Mike,
Speaker 5: what I'm asking for. What I'm asking for, I'm asking
Speaker 5: for specific individuals that would be able to exclude more
Speaker 5: than the standard two fifty.
Speaker 6: Are there any other exceptions?
Speaker 24: No, it's just if you're if you're sixty or older,
Speaker 24: if you are a dependent in your home is sixty
Speaker 24: or older or disabled, then you could protect three hundred
Speaker 24: and fifty thousand. And that's the only other okay, sort
Speaker 24: of type of home set exemption that there is.
Speaker 6: Okay, it's either two fifty or three fifty. Okay.
Speaker 5: So John, by the way, Wink and Wink they do
Speaker 5: credit card and all debt settlements.
Speaker 6: You may want to contact him.
Speaker 5: Okay, it's Wink Law Firm dot com.
Speaker 6: The Wink Law Firm dot com.
Speaker 12: Hey, can I ask John a question?
Speaker 6: Yeah?
Speaker 11: Hey, John, do you have any feeling of a moral
Speaker 11: obligation to pay your debts?
Speaker 6: Why do you ask that?
Speaker 20: Well?
Speaker 6: Because he yeah? But why do you ask that? Doc?
Speaker 5: Because you don't have to answer that, John, Because John,
Speaker 5: you don't have to answer that.
Speaker 23: I do, but yeah, because he Hell, the rules are
Speaker 23: set up though, do.
Speaker 1: Just the way it is.
Speaker 6: Man, I'm just king.
Speaker 12: I don't.
Speaker 6: I don't get into the morality, Okay. Listen. The only
Speaker 6: time I would get.
Speaker 5: Into the morality of a bankruptcy is if somebody was
Speaker 5: stashing gold or cash and cheating the system.
Speaker 6: But if you're using the.
Speaker 5: Rules of the system the way the rules of the
Speaker 5: system are written, then more power to you if you
Speaker 5: need to. I'm but but, but so, what was the purpose?
Speaker 5: I'm just wondering, Doc, I mean, if you were if
Speaker 5: you were out of out of options, would you not
Speaker 5: consider it because of the morality of.
Speaker 11: It, Whether he purchased something or somebody provided a service
Speaker 11: that they're entitled to get paid for what they did.
Speaker 6: They are entitled to get paid.
Speaker 5: So I'm asking you, Doc, if you were in a
Speaker 5: situation where you could not pay your bills, you would
Speaker 5: not do a bankruptcy.
Speaker 6: You would try to pay everyone I would.
Speaker 5: Okay, okay, so there are people, But you know, do
Speaker 5: you understand that there are situations that are so hopeless.
Speaker 5: What if you're a half a million dollars in debt
Speaker 5: with medical bills?
Speaker 6: What about that?
Speaker 12: Well, I was going to ask if it was medical bills.
Speaker 6: No, what I'm asking.
Speaker 5: What I'm asking you is don't you think there's ever
Speaker 5: a time when a bankruptcy is apropos?
Speaker 12: Yes, but I think for seven thousand dollars it's not.
Speaker 5: That's just okay, well, I no, I understand you didn't
Speaker 5: clarify it before when you asked about the morality. But
Speaker 5: so you're saying seventeen grand John, you understand though seventeen
Speaker 5: grand in your position is a small amount to pay
Speaker 5: compared to what you have. And again you can still
Speaker 5: get a lumpsum settlement. Mike Wink said, Listen, you know.
Speaker 13: I still have they're ready to I still would like
Speaker 13: clarification on something. And I don't know if Mike nose
Speaker 13: or not, but I think I used the wrong term before.
Speaker 13: But if you and I own a house together, Tom,
Speaker 13: and it's joint Tennancy, you own fifty percent of the house.
Speaker 6: I own fifty percent of it. It's not like a.
Speaker 13: Married couple and we somehow both claim bankruptcy at the
Speaker 13: same time. Is he saying that only two hundred and
Speaker 13: fifty thousand total, So my exemption as a person not
Speaker 13: married owning half that house would only get one hundred
Speaker 13: and twenty five thousand exemption. That that's I mean, I'm
Speaker 13: sure it's happened, you know what. Hold on, we hear
Speaker 13: what he says.
Speaker 24: If let's say that you guys don't know home you
Speaker 24: both live in it and one of you files bankruptcy,
Speaker 24: the home has three hundred and fifty thousand of home equity.
Speaker 24: You're under sixty. You can only protect the two fifty,
Speaker 24: so you only get to fifty, and then the amount
Speaker 24: above that only half of it would be the bankruptcy estate.
Speaker 24: The other half would be to the person who didn't
Speaker 24: file bankruptcy. So you'd get one hundred and twenty five
Speaker 24: and then you get half of the extra hundred or
Speaker 24: whatever it is over the two fifty. Does that make sense?
Speaker 13: Yeah, But how about if both of them did bankruptcy
Speaker 13: at the same time, and let's say there was a
Speaker 13: five hundred thousand inequity, would they each get two hundred
Speaker 13: and fifty thousand inequity?
Speaker 24: No, there's like I said, there's only one homestead.
Speaker 6: Wow, that's that's what I didn't know that, Thank you Mike.
Speaker 25: Here.
Speaker 5: So the ownership, the ownership of joint tenancy is where
Speaker 5: they both own equal shares Mark okay, and and the
Speaker 5: other one has right of survivor they automatically passes.
Speaker 6: That's what a joint that's what a married couple does.
Speaker 5: The tenants in common would be maybe if you and
Speaker 5: I bought a house together, because and we live there.
Speaker 5: You know, tenants in common we each own we each
Speaker 5: own a share depending on what the partnership agreement is,
Speaker 5: it could be seventy thirty sixty forty, And in that
Speaker 5: case then there is no right of survivorship. Your share
Speaker 5: goes to you and your estate, and the other share
Speaker 5: goes to their estate. So co owners have the right
Speaker 5: of the entire property, regardless of percentage. So it's more
Speaker 5: Tenants in common is more unified, but it's not good
Speaker 5: for married couples. Now, Mike wink, what is the most
Speaker 5: difficult debt to settle?
Speaker 24: The most difficult debt to settle tends to be business,
Speaker 24: Certain business debts where the creditor has done a good
Speaker 24: amount of due diligence, so they feel like they know
Speaker 24: a lot about the business and or the individuals. So
Speaker 24: the more that the debt is qualified, the more that
Speaker 24: the creditor knows. And in certain cases, the creditor just
Speaker 24: feels like, hey, I know this person can pay this debt.
Speaker 13: Yeah, because they filed like UCCS on the equipment or inventory, right, Mike, Right.
Speaker 24: So it tends to be different than credit card right,
Speaker 24: because there's a certain only a certain baseline level of
Speaker 24: qualification that a credit card lender does before granting you
Speaker 24: the credit. Many cases, they're just soliciting you into debt,
Speaker 24: whereas the bigger the loan, you know, you get in
Speaker 24: the six figure lines of credit. For businesses and things,
Speaker 24: they can also be settled, but it often then depends
Speaker 24: on the financial those circumstances above the business and the guaranteur,
Speaker 24: and then what the bank knows about those circumstances.
Speaker 6: Yeah, hey, real quick, Mike.
Speaker 13: So if this guy only had two hundred and fifty
Speaker 13: thousand in equity and he was going to be exempt
Speaker 13: for them taking the house, let's talk about credit real quick,
Speaker 13: because you've seen this for people. I would argue that
Speaker 13: doing a bankruptcy would be a lot better because, Ay,
Speaker 13: he's getting rid of the debt altogether, the seventeen thousand.
Speaker 13: He doesn't have a car or anything they can take
Speaker 13: that's not exempt. I don't know about firearms and jewelry,
Speaker 13: but the assumption would be he doesn't have any of that.
Speaker 13: So bankruptcy compared to doing this, let's talk credit. I
Speaker 13: would say in two years, he's going to have a
Speaker 13: million credit card offers back there again because he can't
Speaker 13: do bankruptcy again, where if he does his settlement, he's
Speaker 13: got to pay half of it or whatever you can
Speaker 13: settle for him, and he's not going to get another
Speaker 13: credit card for maybe five years.
Speaker 24: Right, This is a this is a good case that
Speaker 24: you know, sort of touches on a everything guys we're
Speaker 24: talking about because the amount of debt that he has.
Speaker 24: If I was having a consultation with him, I said, look,
Speaker 24: he's different than a lot of the people I talk
Speaker 24: to because he actually could pay his debt if he wants,
Speaker 24: so he it sounds like he's got the money to
Speaker 24: do it. He's also getting rid of a car and
Speaker 24: taking an older car to survive, So you know, I
Speaker 24: certainly wouldn't blame him for filing, and filing would be
Speaker 24: the cheapest way to deal with it. And then he'll
Speaker 24: have a you know, a couple about a year of
Speaker 24: really tight credit and then within two to three years,
Speaker 24: you know, you can have a seven hundred credit score
Speaker 24: and be eligible from you know, a low interest rate mortgage.
Speaker 13: So yeah, a lot of people don't realize it's way
Speaker 13: worse on a credit report having a bankruptcy on there, because,
Speaker 13: like Mike said, a year or two years from now.
Speaker 13: I mean your credit could be up to seven hundred again.
Speaker 13: Credit card offers cars, whatever you want. But if you're
Speaker 13: if you're consistently thirty sixty days late on your mortgage,
Speaker 13: forty you know, four or five months plus on a
Speaker 13: credit card, Yeah, your your credits toast Man and Mark Mark.
Speaker 5: Those many people have gone through debt settlement and they've
Speaker 5: spent four and five years paying every single time, and
Speaker 5: then no one will look at him for the next
Speaker 5: seven years. And they're they're more penalized, as you say,
Speaker 5: than doing a bankruptcy, more penalized, oh big time.
Speaker 6: And then for not paying, and I mean for reasons
Speaker 6: for not paying.
Speaker 13: And one of the reasons with credit cards or unsecured
Speaker 13: is these companies are going, look, maybe he's he's got
Speaker 13: a house. It's definitely got some equity in it. Whether
Speaker 13: it's in the exemption or not doesn't matter. But they
Speaker 13: can't file bankruptcy again once you file it. That's why
Speaker 13: your credit comes back so quick, right, Mike, Because if
Speaker 13: you do get in debt again and you do have equity,
Speaker 13: they can go snag.
Speaker 24: It exactly exactly. And why you guys are many time moneys.
Speaker 24: If your credit is bad enough, bankruptcy is actually the
Speaker 24: fastest way to rehabilitated. And that's kind of an odd concept,
Speaker 24: but it is definitely chewing for certain types of people.
Speaker 5: And and Mike, is four to one zero seventeen to
Speaker 5: twenty still a good number?
Speaker 2: Uh?
Speaker 24: Yeah, that number works. We also have that five two
Speaker 24: three zero six two zero seventeen zero five two.
Speaker 13: Three And I'm sorry, I'll give that or give that
Speaker 13: out again in a second, Mike. But one more question
Speaker 13: just is for everybody listening, are you.
Speaker 5: Seeing Mark do me a favor? Mark, do me a favor.
Speaker 5: We don't have time for the answer. I'm right to
Speaker 5: give them more time right after the break.
Speaker 6: So let's do this. Come right back.
Speaker 5: Go with a sure thing Denver's best roofer Excel Roofing
Speaker 5: dot com.
Speaker 16: You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up free no obligation comparison
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three oh three seven
Speaker 5: to seven to one help. You'll think you're his only
Speaker 5: customer when you choose Frank durand the real estate Man
Speaker 5: dot com to list your home with Max Alliance three
Speaker 5: all three nine two zero sixteen twenty two. Hi Tom
Speaker 5: Martine here three oh three seven one three talk three
Speaker 5: oh three seven one three eight two five five.
Speaker 6: So Mark, you were going to ask Mike Wink from
Speaker 6: Wink Law Firm dot Com a question?
Speaker 13: God, just just I'm curious. Are we seeing an uptick
Speaker 13: a down tick? I mean, what's been going on if
Speaker 13: we go back to when I first met you, Mike,
Speaker 13: going back to like twoenty ten or maybe a little
Speaker 13: after that, My god, bankruptcies were like every other person
Speaker 13: I knew was going through a bankruptcy, generally because of
Speaker 13: possible foreclosure on their home.
Speaker 6: I mean, those were the good old days for you guys.
Speaker 13: You know, you were doing so many bankruptcies you had
Speaker 13: to turn away business.
Speaker 6: Where are we at now and what do you see
Speaker 6: the future being.
Speaker 26: We're definitely on the uptick, probably not to where that
Speaker 26: peak was after the nine financial crisis, but we're seeing
Speaker 26: a lot more activities sort of steadily ramping over the
Speaker 26: last i'd say eighteen months twenty four months, and there's
Speaker 26: a lot of people getting sued by credit card menders.
Speaker 26: I'm finding small business failures.
Speaker 6: If you had if you had to say the number
Speaker 6: one reason.
Speaker 13: Now, is it just mismanagement credit card debt or is
Speaker 13: it a small business going under? I know it's a
Speaker 13: hodgepodge of everything, but what what do you what?
Speaker 6: What is your gut say?
Speaker 13: The main reason is people spending beyond their means like normal, right,
Speaker 13: I would.
Speaker 26: Say that that the tail end of COVID led to
Speaker 26: people incurring more debt, especially small business owners, to survive. Yeah,
Speaker 26: And what's happened is they then went into default, and
Speaker 26: the defaults of now age to the point where you're
Speaker 26: starting to see legal action and and that's really what
Speaker 26: pushes people to contact us.
Speaker 13: And a lot of people now are going to have
Speaker 13: to start repaying these student loans forever, which you can't
Speaker 13: get rid of in debt. So I mean that's going
Speaker 13: to most likely make them occur debt somewhere else. How
Speaker 13: about hospitals real quick medical bills. I know they can't
Speaker 13: like report on your credit report for like a year
Speaker 13: or something, but how does that look in bankruptcy? If
Speaker 13: you owe a half a million dollars for a surgery
Speaker 13: in emergency surgery, you couldn't afford or a helicopter ride
Speaker 13: to it or something like that, How.
Speaker 6: Does that look these days? Does the hospital sue you
Speaker 6: and you still got to pay it? Eventually?
Speaker 26: Absolutely? Absolutely, medical creditors will sue you eventually. I think
Speaker 26: you're right that a smaller, smaller medical bills will report
Speaker 26: on your credit. You know, that's one of those kind
Speaker 26: of steady I don't know that's a cyclical. Is like
Speaker 26: credit card debt and business debt and those defaults. I mean,
Speaker 26: there's just there's just certain people who don't have the
Speaker 26: right insurance cover jorin the ability to pay you know,
Speaker 26: the high out of pocket costs. Yeah, and so you
Speaker 26: know that's kind of a city thing. But you can
Speaker 26: absolutely settle those debts or get a discharge on them
Speaker 26: in bankruptcy.
Speaker 27: So there's ways to deal with it.
Speaker 26: And we see, you know, we see a lot of that,
Speaker 26: But like I said, I don't know that that's driving
Speaker 26: the current.
Speaker 6: You know what I got.
Speaker 13: I got a friend or I should say an acquaintance
Speaker 13: or a neighbor, he was telling me the other day.
Speaker 13: So in three months his furniture from American Furniture comes
Speaker 13: due or else, all the interest kicks in from day one,
Speaker 13: which in his case was like one year, eight months ago.
Speaker 13: So his twenty thousand bucks in furniture is going to
Speaker 13: be like fifty grand and he hasn't He's made just
Speaker 13: some minimum payments on it.
Speaker 6: But it all comes due.
Speaker 13: His tires come due like this month, and then his
Speaker 13: roof repairs come due in about six months.
Speaker 6: And how many people do you think do that they
Speaker 6: put off?
Speaker 13: They put all this interest off for one or two years,
Speaker 13: and all of a sudden, you owe one hundred thousand
Speaker 13: bucks or else's interest is kicking in at twenty nine percent.
Speaker 26: Yeah, yeah, I mean that sounds like a real like
Speaker 26: triple adrupo whae. I mean, I'm not sure that that's
Speaker 26: the most common example, but it's definitely it's indicative of
Speaker 26: the fact. And again COVID kind of contributed to this
Speaker 26: where you were able to put certain things off like
Speaker 26: pseudo loans right and not.
Speaker 24: Rank payments to start paying them right right.
Speaker 26: And so we do see that, and I think that's
Speaker 26: what is driving the market, is just like certain things
Speaker 26: are come and do now and then, and not only that,
Speaker 26: but people are in default on them.
Speaker 13: And I do want to I want to ask you
Speaker 13: about some place Doc was going to go. I probably
Speaker 13: have in doc place I mean, join him, but let's
Speaker 13: let Mike do it, you know, putting guilt on someone. Hey,
Speaker 13: you got the money, you owe it. Well, let's talk
Speaker 13: about Trump. I love Trump, but here's the reality. He
Speaker 13: did a ton a ton of bankruptcies with his businesses.
Speaker 13: Because that's part of our code. Why wouldn't you use that?
Speaker 13: Everybody uses it. You'd be insane not to play. Yeah,
Speaker 13: I'm not saying.
Speaker 6: Play outside the rules.
Speaker 13: But if you can make all your debt go away
Speaker 13: and make your credit card situation better in a couple
Speaker 13: of years, and make your life better for that matter,
Speaker 13: and that's part of the rules this country's set up.
Speaker 13: I don't see any problem doing that whatsoever. I would
Speaker 13: never feel guilt about it because everybody's done it, or
Speaker 13: anybody that needs to. In fact, i'd say people that
Speaker 13: wouldn't consider it wouldn't do it and actually end up
Speaker 13: paying more money, hurting their credit, not being able to
Speaker 13: buy their kids stuff, not being able to go on
Speaker 13: a vacation because they decided not.
Speaker 6: To do it. I think they're the ones that are wrong.
Speaker 13: So, as a bankruptcy attorney, i'd like your opinion on that.
Speaker 26: Well, it's a good topic. I mean you know, part
Speaker 26: of what our job is is almost part therapist to
Speaker 26: help people come to grips with the need for debt relief.
Speaker 26: And I think that part of the issue is that
Speaker 26: when they can't pay their debt, they've already achieved, they've
Speaker 26: already got the problem, but they view bankruptcy as the problem,
Speaker 26: when bankruptcy is actually the solution. Most people who file.
Speaker 24: The vast majority of people who file, are feel terrible
Speaker 24: about it.
Speaker 26: They never wanted to be here, was they there was
Speaker 26: their fault or not, it doesn't matter. Still, they didn't
Speaker 26: plan on it right, and so coming to gritsuy is
Speaker 26: a difficult thing. What I like to point out number
Speaker 26: one is, like you said, the law is there, right,
Speaker 26: so why not take advantage of the law.
Speaker 24: And then number two, which.
Speaker 26: I think is also important to look at, is the
Speaker 26: borrower is in a personal dilemma. Well, the bank doesn't
Speaker 26: view that things that way. They enforce their rights legally,
Speaker 26: and so I try to get people to think in
Speaker 26: those terms. You're not you know, you're taking this personal,
Speaker 26: but for the bank, you're just the number, you know,
Speaker 26: and they're not going to necessarily, you know, feel for
Speaker 26: you based on your hardship.
Speaker 24: They aren't going to necessarily just forgive your debt.
Speaker 26: And when it comes to banks for your family and
Speaker 26: your future.
Speaker 13: When it comes to bank side, even go a step
Speaker 13: further and say, these are the same organizations that I'll
Speaker 13: just take my lifetime. I remember it to peer of time,
Speaker 13: where my goodness, if we were three dollars short in
Speaker 13: our bank account, we'd owe them one hundred. We'd be
Speaker 13: negative in the hole on a ten dollars check when
Speaker 13: we were in our teens. I mean, I remember banks
Speaker 13: putting the screws to me in my late teens in
Speaker 13: early twenties, like you couldn't believe. Then credit card dead
Speaker 13: to twenty nine percent, showing up on campuses and basically
Speaker 13: ramming credit card down these kids' throat because they get
Speaker 13: a free CU sweatshirt if they sign up for a
Speaker 13: credit card.
Speaker 6: My god, they're asking for the problem. They are the problem.
Speaker 6: Mark faked.
Speaker 5: Thank you very much, we got We gotta take a break.
Speaker 5: I'm Tom Martine more on the Troubleshooter Show.
Speaker 12: Coming up.
Speaker 5: Go with a sure thing Denver's Best roofer Excel roofing
Speaker 5: dot com. You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up free, no obligation. In comparison,
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three all three seven
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate Man dot
Speaker 5: com to list your home with Remax Alliance three oh
Speaker 5: three nine two zero sixteen twenty two.
Speaker 6: Hi Tom Martine here three O three seven one three
Speaker 6: talks seven one three eight two five five. Uh.
Speaker 5: John has another question for Mike Wink from the Wink
Speaker 5: Law Firm Winklawfirm dot Com. Go ahead, John, And then
Speaker 5: we have Robert who also has a question.
Speaker 6: Go ahead John.
Speaker 22: Uh Yeah, Mike. So I'm just curious, like, working with you,
Speaker 22: the likelihood Dad's gonna get cut down, and like, what
Speaker 22: are the consequences if it doesn't. I go to sure sure.
Speaker 26: Very very high likelihood that you're going to achieve the
Speaker 26: debt relief that we're that we're selling you and the extemp.
Speaker 26: There's a range of outcomes. I will point that out.
Speaker 26: The types of debt that you're not going to get
Speaker 26: out of typically would be like what would be considered
Speaker 26: like civil theft. You know certain you know, certain kinds
Speaker 26: of domestic support obligations, certain kinds of taxes. But we're
Speaker 26: very good at identifying on the front end before you
Speaker 26: even retain us. You know what you can get relief
Speaker 26: on and what you can't, and if you can't, well
Speaker 26: we'll tell you that, okay, And then and then the
Speaker 26: consequences tend to be that. You know, we talked about bankruptcy.
Speaker 26: After you file bankruptcy, you're going to have really tight
Speaker 26: credit for six to twelve months, and then it's going
Speaker 26: to loosen up, and then within two to three years
Speaker 26: you're going to have very very good credit. If you
Speaker 26: just do things to improve your credit, like get a
Speaker 26: credit card and use it and pay it every month,
Speaker 26: that's like the best thing you can.
Speaker 24: Do, and you know, pay it on time, of course.
Speaker 26: And if you're settling debt, we kind.
Speaker 24: Of talked about that too.
Speaker 26: While you're settling, your credit kind of suffers. Maybe it
Speaker 26: doesn't go as low as it goes when you file bankruptcy,
Speaker 26: but it might sort of suffer for longer. I kind
Speaker 26: of say bankruptcy is like a surgery on your credit,
Speaker 26: where settlement is like a homeopathic solution, so you might
Speaker 26: be a little sick longer, even though you might not
Speaker 26: be quite as weak as you'd be after surgery. But
Speaker 26: in both cases, once it debts relieved, your credit will improve.
Speaker 22: Gotcha. Okay, Yeah, I'm not too worried about the credit card.
Speaker 22: I prefer just to go without any credit cards for
Speaker 22: the time being, obviously. But yeah, so like a love
Speaker 22: some payment at some point, and I just don't want
Speaker 22: to go backward like not paying this credit card company.
Speaker 22: But they can obviously see that I'm getting nowhere with it.
Speaker 24: So yeah, I mean that's the thing.
Speaker 26: When you're on that financial treadmill of minimum payments, you
Speaker 26: know that you're you know, you're not getting out of debt,
Speaker 26: and the cost of the debt then becomes like a
Speaker 26: multiple of it, like one hundred and fifty two hundred
Speaker 26: percent when you paid overtime.
Speaker 22: Absolutely Okay, Tom, Mike Mark, thank you so much.
Speaker 5: All right, see you man, thank you for and uh,
Speaker 5: we have another question for you or another issue.
Speaker 6: Let's talk to uh, let's talk to Robert. Go ahead, Robert.
Speaker 19: Yeah, hi, Tom, thank you for taking my call. Uh,
Speaker 19: mister wink, I understand that it inherited Ira is attachable
Speaker 19: when filing a bankruptcy.
Speaker 22: Is that correct?
Speaker 26: That is that is so so Almost all retirement accounts
Speaker 26: are protected, even ones awarded in a divorce.
Speaker 25: But when you inherit, when you lose that protection, there
Speaker 25: may be ways to roll it over in to an
Speaker 25: IRA in your name and thereby achieved protection.
Speaker 26: So that's something we could look at. But the starting
Speaker 26: point would be if you inherit an IRA, it's not
Speaker 26: a protected asset.
Speaker 20: Okay, well say, I.
Speaker 19: Appreciate your help. The second part of the question would be,
Speaker 19: I live in Phoenix, will be moving back to Colorado.
Speaker 19: I understand you have to have residency in the state
Speaker 19: for three months, is that correct prior to filing bankruptcy
Speaker 19: in that state?
Speaker 17: Correct?
Speaker 26: I mean it's it's not quite that formal, but three
Speaker 26: months does the trick?
Speaker 6: Really?
Speaker 26: The better part of ninety days, even fifty days is
Speaker 26: just efficient?
Speaker 19: Okay, thank you all, reach out all right the process,
Speaker 19: Thank you sir, Thank you all right.
Speaker 6: Now Parker has a comment on bankruptcy.
Speaker 28: Go ahead, Parker, Yeah, Hi, Tom, and miss Rinky.
Speaker 27: What mister Rink was saying there ran into that. During
Speaker 27: the two thousand and nine the ball play, my dad
Speaker 27: and I had had a building that we had with
Speaker 27: our business and uh, you know, our company lost like
Speaker 27: about a million and a half dollars in about a
Speaker 27: nine month period just due to losing some big customers
Speaker 27: that we had, you know. And I'll tell you what,
Speaker 27: you know, we he mister wink is right.
Speaker 28: I mean, the banks really do not care, you know,
Speaker 28: on a personal level. You know, we tried everything to
Speaker 28: work with them to you know, keep from having to
Speaker 28: take a bankruptcy, but they you know, we just couldn't
Speaker 28: work with them. It was just a matter of you know,
Speaker 28: either pay or you guys, we're gonna go. We're gonna
Speaker 28: foreclose on your building here, you know, ultimately.
Speaker 5: And Mike, why do you think, Mike, why do you
Speaker 5: think that attitude prevailed?
Speaker 2: Then?
Speaker 6: What what tell me what you think?
Speaker 26: Well, I think it's a it's a good question because
Speaker 26: there's definitely times when their aggression leads to them getting
Speaker 26: less than they would have if they would have worked
Speaker 26: with you, especially if you're a good candidate for bankruptcy.
Speaker 26: I think that there's also situations where the debtor is
Speaker 26: buffaloing the creditor and has more means to pay, and
Speaker 26: you know, the creditor doesn't know, right, They really don't
Speaker 26: know what's on the other side, and so I think
Speaker 26: that part of the reason they take the the tactic
Speaker 26: of we're going to run our collection playbook regardless of
Speaker 26: what you say, is that they don't believe you or
Speaker 26: they can't you know that. They just bright that that
Speaker 26: a better, better way to go, and it's hard to
Speaker 26: get them out of that playbook. I've tried a lot,
Speaker 26: and very few times have I ever had success with it.
Speaker 6: All right, Mike Wing, thank you very much.
Speaker 5: Wink Law Firm dot com eight eight eight Now Wink
Speaker 5: go with a sure thing Denver's best roofer Excel Roofing
Speaker 5: dot com.
Speaker 16: You don't pay a cent until you're content.
Speaker 5: Leave time for an insurance check up free no obligation
Speaker 5: comparison call Compass Insurance. Pay too much your coverage at
Speaker 5: dozens of insurance companies find out now three oh three
Speaker 5: seven seven to one help. You'll think you're his only
Speaker 5: customer when you choose Frank durand the real estate Man
Speaker 5: dot com to list your home with Remax Alliance three
Speaker 5: all three nine two zero sixteen twenty two.
Speaker 21: Yeah, rip.
Speaker 2: New you needed that, so you don't have to run
Speaker 2: inxious stas as you can.
Speaker 3: Shooter's gonna help.
Speaker 21: Come.
Speaker 6: Six is the Troubleshooter Show.
Speaker 5: No, Tom Martine, Hey Tom Martino here, Welcome to the show.
Speaker 5: Three oh three seven to one three talk three oh
Speaker 5: three seven one three eight two five five. All right,
Speaker 5: So bo I understand you have a follow up on
Speaker 5: a kid you're working on.
Speaker 8: Yes, actually, Choppers case we're working on together. Came in
Speaker 8: Tuesday at eleven forty five. The caller's name is Bonnie
Speaker 8: She and she.
Speaker 5: On March eighth, she bought a twenty thirteen cheap Wrangler
Speaker 5: one hundred and seven thousand miles from Automation Subaru. After
Speaker 5: a month, check engine light came on. It was low
Speaker 5: on oil. She added oil, but it did not clear
Speaker 5: the code. Some friends checked that out, told her no
Speaker 5: problems on oil solenoid. Solenoid she finds out failed. She
Speaker 5: has a ten year unlimited mileage warranty. She paid thirty
Speaker 5: one hundred and ninety eight bucks for the warranty. Is
Speaker 5: denying the claims, saying the reason that oil solenoid went
Speaker 5: out is because she was low on oil.
Speaker 12: Yeah, they were.
Speaker 10: Saying that she ran the vehicle out of oil.
Speaker 8: Yeah, so apparently she they drove after twenty five hundred miles,
Speaker 8: it did lose three and a half quarts of oil.
Speaker 10: That's a lot, so they were not She took it
Speaker 10: over to auto I believe is the Chrysler Jeep dealer.
Speaker 8: I don't know what was going on there, but the
Speaker 8: warranty claim and the dealer wouldn't do anything about it.
Speaker 10: They were accusing her of running the vehicle out.
Speaker 6: Of and they had no evidence of that.
Speaker 10: Right.
Speaker 8: So apparently someone from the AutoNation dealer was listening to
Speaker 8: the show Tuesday and we made a few inquiries. That afternoon,
Speaker 8: the service manager, Matt Klick, called Bonnie and said to
Speaker 8: bring the vehicle in that they were going to conduct
Speaker 8: an oil consumption tests on the vehicle and if they
Speaker 8: could prove this, then they're going to go back. They're
Speaker 8: going to step up and go back to the warranty company.
Speaker 6: Did they do it yet, Bonnie, I'm sorry, she.
Speaker 9: Was going to take the vehicle, kay.
Speaker 10: So this is a step in the right direction.
Speaker 8: Now they're admitting that they need to do something because
Speaker 8: this warranty was an expense.
Speaker 6: But how would an oil consumption test help her?
Speaker 8: I think the oil consumption test would prove beyond a
Speaker 8: doubt that she wasn't She didn't run it out of oil,
Speaker 8: that is using oil.
Speaker 10: I mean, I mean, you're right.
Speaker 8: They need they need to start somewhere instead of just right.
Speaker 5: Okay, Well, at least now she's getting some action, and
Speaker 5: that's better than nothing.
Speaker 8: Because of the show that they're going to take some
Speaker 8: sort of action and if they can get this verification
Speaker 8: of the consumption, then hopefully they warrant you will kick
Speaker 8: in and do the engine repair.
Speaker 5: Now, there are a lot of people up in arms
Speaker 5: about a summer camp for kids, and I don't know
Speaker 5: if this is real news or not, but I think
Speaker 5: it is because I went to Boulder.
Speaker 6: Valleyhealth dot org teen.
Speaker 5: Clinic sex said it's the sex Ed Summer Camp. And
Speaker 5: I've gotten a lot of messaging on the show here
Speaker 5: saying what do I think of it.
Speaker 6: I haven't had a.
Speaker 5: Lot of time to digest it, but according to this pamphlon,
Speaker 5: looks like it comes from Boulder Valley Health Center. They
Speaker 5: do all kinds of services, including abortions and all kinds
Speaker 5: of other things like STDs and prevention and all that,
Speaker 5: and they're going to have a sex summer camp, and
Speaker 5: it says learning ourselves in our world. This justice rooted
Speaker 5: camp will help guide your young people in navigating their
Speaker 5: changing bodies and this changing world. They will talk about
Speaker 5: bodies beyond the binary, the mysteries of puberty, feelings and
Speaker 5: how to navigate them, consent and communication, and so much more.
Speaker 5: This is for grades fifth, sixth, seventh, and eighth. And
Speaker 5: it says that the title of the camp make you
Speaker 5: feel squirrely. If so, you this might be a perfect
Speaker 5: camp for you or for your kid. Said, summer camp
Speaker 5: is everything your camper won't always get to learn in school.
Speaker 6: Some topics will include bodies beyond binary, and then they
Speaker 6: go on for all the rest, of course.
Speaker 5: Join us at one of our caregiver meetings to find
Speaker 5: out more. So, I I'm not reading anything shocking, I
Speaker 5: think if you have, I mean, but if you have
Speaker 5: conversations with your kids at home outside education is going
Speaker 5: to be an adjunct to that.
Speaker 6: It doesn't sound What do you think? Anybody? Mark? What
Speaker 6: do you think of this class? Our mark?
Speaker 5: Orsue's Mark's not there right now? Anyway, I've been I
Speaker 5: sent so many people have sent me this brochure because
Speaker 5: they feel it's not appropriate.
Speaker 7: I don't think Tom, you know, in my opinion, based
Speaker 7: on what you just read, that sounds like it's just
Speaker 7: over the line between sex said and actual grooming.
Speaker 6: Grooming whoa.
Speaker 7: For aberrational sexual activities with minors. There is absolutely no
Speaker 7: stranger out there who belongs in this kind of a
Speaker 7: conversation with somebody else's child.
Speaker 9: And that age.
Speaker 7: Is way too early to start talking about, not by
Speaker 7: non binary and transition and sexual afficilities for anybody but parents.
Speaker 7: So these are adults that are sticking their nose exactly
Speaker 7: where it doesn't.
Speaker 6: Why do you think they're doing it?
Speaker 5: Why is there such an emphasis nowadays about getting to
Speaker 5: our kids? Honest to god, why is there such I
Speaker 5: don't understand it.
Speaker 6: I mean, do you truly think they want to groom them?
Speaker 5: I refuse to believe that a bunch of adults got
Speaker 5: together and said, let's groom these kids so they're more amenable.
Speaker 9: This is perverted.
Speaker 7: I mean, if somebody really wants to educate young kids
Speaker 7: of the age that you just described, there are so
Speaker 7: many more appropriate topics for strangers and teachers to discuss
Speaker 7: with children.
Speaker 9: But to me, talking about.
Speaker 12: This is voluntary.
Speaker 11: It's not a school sponsored or a state sponsored.
Speaker 6: No, it is voluntary.
Speaker 7: Voluntary, but I'm talking about perverted adults sticking their nose
Speaker 7: into strangers children's private business, and that nose does not
Speaker 7: belong there.
Speaker 9: Voluntary.
Speaker 6: So well yeah, okay, well what do you think about it?
Speaker 2: Doc?
Speaker 6: What do you think about it?
Speaker 12: I I agree with Dimitri.
Speaker 6: Okay, okay, So.
Speaker 7: According to you too, you know your your your comments
Speaker 7: sounded more accusatory than in.
Speaker 5: No, no, what he meant was what he meant was
Speaker 5: that we all have our own voice on this, and
Speaker 5: he agrees with you. But I mean, so here's what
Speaker 5: I want to know. Why are people up in arms
Speaker 5: about this? If it's voluntary, don't send your kid?
Speaker 6: I mean, I mean are you saying are you saying that.
Speaker 5: Other kids shouldn't have? What if other parents want their
Speaker 5: kids to see this? So anyway, that was my point.
Speaker 5: You know what, and here's a thing it's going to
Speaker 5: be let me just I just finished ahead.
Speaker 12: It's going.
Speaker 11: It's going to be woke parents who want their children
Speaker 11: to be woke. And if they didn't go to.
Speaker 6: And they have a right to do it, they would
Speaker 6: they would.
Speaker 12: Get it at home.
Speaker 11: So it really to a point because the only people
Speaker 11: that are going to be sending their kids there are
Speaker 11: people who already believe in this nonsense.
Speaker 5: Okay, And one thing I wanted to mention, they're they're
Speaker 5: seeing from emails that I get from friends and colleagues
Speaker 5: and people who just send me stuff. There seems to
Speaker 5: be a fear out there amongst conservatives that somehow the
Speaker 5: schools and the liberal agenda wants to groom your children
Speaker 5: to accept brands gendering more than ever before. It's it's
Speaker 5: a major topic. And and I want to know Mark, No,
Speaker 5: Mark's not here, sus.
Speaker 6: Can you do a poll? Do you know how to
Speaker 6: do a poll?
Speaker 2: Do?
Speaker 6: Let's do a poll on YouTube.
Speaker 5: Do you believe that the liberal agenda and school system
Speaker 5: is to do you believe the agenda of the of
Speaker 5: liberals and the school system is to groom your children
Speaker 5: to accept and to encourage transgendering.
Speaker 6: I'm curious again.
Speaker 5: I'm not waving a flag here or trying to tell
Speaker 5: you what to do. All I'm saying is what do
Speaker 5: you think? Do you think there is a concerted effort?
Speaker 5: You know, look at all the stuff going on outside
Speaker 5: of schools and inside schools even but it almost likes
Speaker 5: they're trying to indoctrinate our children.
Speaker 9: Not almost there's brainwashing going on, but a lot.
Speaker 5: Of people would say that's happening with conservatives or the
Speaker 5: Christian right, you know, the same kind of thing, only
Speaker 5: the other side.
Speaker 6: It's also brainwashing. Again.
Speaker 5: I think parents and family see were melting pot in
Speaker 5: America other than and I don't think anybody liberal or
Speaker 5: conservative truly believe in discrimination and hate.
Speaker 6: I don't.
Speaker 5: I think those are weapon words used by each other
Speaker 5: to make them look bad. I think that if we
Speaker 5: can agree that we're not coming from a position of hate,
Speaker 5: then we should be able to groom our own children.
Speaker 5: Our children should be brought up with our system of values.
Speaker 5: That's what families are, and different families have different values.
Speaker 5: One family can't dictate another family. Okay, that's where I stand.
Speaker 5: I mean, why is there a concerted effort with these
Speaker 5: story times and morality plays and summer camps. Why is
Speaker 5: there a concerted effort to try to groom our children?
Speaker 6: Or is there not?
Speaker 5: Maybe I'm exaggerating, you're saying, you're saying there's brainwashing.
Speaker 6: I'd like to know, sus.
Speaker 5: If you can put up that poll, we'll find out
Speaker 5: right after this, I'm Tom Martino. More coming up, Go
Speaker 5: with a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 5: You don't pay a cent until you're content. Time for
Speaker 5: an insurance checkup free, no obligation. In comparison, call Compass
Speaker 5: Insurance paying too much your coverage at dozens of insurance
Speaker 5: companies find out now three all three seven to seven
Speaker 5: to one.
Speaker 6: Help.
Speaker 5: You'll think you're his only customer when you choose Frank
Speaker 5: durand the real estate Man dot com to list your
Speaker 5: home with Remax Alliance three three nine two zero sixteen
Speaker 5: twenty two. Hi, Tom Martine, your troubleshooter. Let's talk to Chris.
Speaker 5: Hey Chris, what's going on with you?
Speaker 20: Yeah? Hey, time, I just want to Chris comment on this.
Speaker 5: Yes, do you think our children are being groomed? Do
Speaker 5: you think our children are being groomed?
Speaker 2: Yeah?
Speaker 22: It's and that's why this summer camp exists. This stuff
Speaker 22: is selling like hotcakes right now.
Speaker 12: Totally.
Speaker 5: Wait, I think, don't you think they're being more rejected
Speaker 5: than accepted?
Speaker 22: Well, well, I guess that that that. We'll have to
Speaker 22: wait and see if they make any money on this
Speaker 22: disgusting endeavor.
Speaker 6: I'm not sure they're doing it for money. I don't know,
Speaker 6: you know, I don't get it anyway.
Speaker 5: There are so many people now that believe that they
Speaker 5: have a right to raise our children.
Speaker 6: The school system. Do you know there were school.
Speaker 5: Systems under the Biden administration, The Department of Education classified
Speaker 5: parents as domestic terrorists, as possible domestic terrorists because they
Speaker 5: wanted to they wanted to have a say in their
Speaker 5: son and daughters.
Speaker 6: Activity at school and right.
Speaker 5: I don't know if it is like this now, but
Speaker 5: it was under the Biden administration.
Speaker 6: And I read posts from girls, real girls. This happened to.
Speaker 5: They're in their locker room and a boy walks in
Speaker 5: and takes off his clothes, fully a boy, but he
Speaker 5: calls himself a girl.
Speaker 6: And he has never once, never, ever, ever done that
Speaker 6: in all the previous years. You know.
Speaker 5: Now people can say, well, now it's accepted, that's why,
Speaker 5: and that's a good thing. But I mean, not even
Speaker 5: the commitment of a sex change operation or hormones. Just
Speaker 5: a full blooded boy saying I'm a girl and everyone
Speaker 5: accepts it. Whoever heard of such a thing. That's the
Speaker 5: part that gets me. Do you know they were getting
Speaker 5: people going to prison. And if the man said I'm
Speaker 5: a woman, it didn't matter if he ever lived as
Speaker 5: a woman for a second in his life, they would
Speaker 5: believe him and he could go to a woman's prison.
Speaker 6: Now that's sick.
Speaker 5: But I think the big problem, the really the biggest
Speaker 5: problem is I want people to live and let live.
Speaker 5: But I believe there's a certain fairness, and it's it's
Speaker 5: killing female sports. That's the part that bothers me, is
Speaker 5: that you can live the way you want, But why
Speaker 5: in God's name would you take a girl's worked her
Speaker 5: ass off for all of her life and she gets
Speaker 5: beat out by some rank male who couldn't make it
Speaker 5: in the male world. It just it's just it's it's
Speaker 5: amazing to me that the women's see this, the women's
Speaker 5: lib movement from years ago.
Speaker 6: You know, it's nothing like it used to be. Nothing, nothing.
Speaker 5: They've become so woke they have forgotten to protect their
Speaker 5: own people, and and it has stound The whole thing
Speaker 5: astounds me. I don't mean to make a speech, but
Speaker 5: it astounds me. And it should astound you too, one
Speaker 5: way or another.
Speaker 6: You should be.
Speaker 5: Either highly in favor or against it. But you can't
Speaker 5: stay neutral on that three oh three seven one three
Speaker 5: eight two five five. Go with a sure thing Denver's
Speaker 5: best roofer Excel Roofing dot com.
Speaker 16: You don't pay a cent until you're content than.
Speaker 5: Time for an insurance check up free no obligation comparison
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three oh three seven
Speaker 5: to seven to one help. You'll think you're his only
Speaker 5: customer when you choose Frank durand the real estate Man
Speaker 5: dot com to list your home with Remax Alliance three
Speaker 5: oh three nine two zero sixteen twenty two. Hi Tom
Speaker 5: Martine here three O three seven one three talk seven
Speaker 5: one three eight two five five. So if you have
Speaker 5: a problem, question or complaint, make sure you give us
Speaker 5: a call, and if not, just listen and be smarter
Speaker 5: for it. I began talking about scams on my show earlier,
Speaker 5: and this this has been since COVID. There has never
Speaker 5: been a period in time when there are these many
Speaker 5: scams going on, and I kind of outlined some scams here.
Speaker 6: I want to go over it, and.
Speaker 5: I would love for you to expose scams if you
Speaker 5: were even if someone attempted to scam you, or if
Speaker 5: you know of a scam better Yet, the best call
Speaker 5: in the world would be if a scammer, a con
Speaker 5: artist calls me and says, yeah, I'm one, and here's why.
Speaker 5: I would absolutely love it. But I'm gonna give I'm
Speaker 5: going to go over some of them now. The bank
Speaker 5: access scams, the bank account access access scams, we all
Speaker 5: have seen them right or heard about them. That's where
Speaker 5: somehow they want to gain access to your bank account
Speaker 5: through a phishing expedition. So what does that mean. Well,
Speaker 5: they can do it with a PC scam, they can
Speaker 5: do it with a all kinds of scams, a check scam,
Speaker 5: they can do it with, Oh we debited your account
Speaker 5: by mistake, we have to put them money back in.
Speaker 6: There are so many excuses they give.
Speaker 16: And never ever, ever, ever, ever, ever, ever, ever.
Speaker 5: Will a bank employee ask for access to your account.
Speaker 6: Ever.
Speaker 5: They will never be on the phone with you to
Speaker 5: do that. They won't do it by phone. They won't
Speaker 5: even do it in person. If someone knocked at your
Speaker 5: door and said, I'm from the bank and we need
Speaker 5: access to your account.
Speaker 6: No one will ever do that. They have access to your.
Speaker 5: Account, so bank account access scams. If anyone wants any
Speaker 5: kind of exposure access numbers to your bank account, just
Speaker 5: say no. Never ever, ever, there's no reason. The only
Speaker 5: time you do your your your routing number and account
Speaker 5: number to someone is if it is a respectable online portal,
Speaker 5: like let's say you want it to take an ACCH
Speaker 5: payment out to pay your electric bill or something like that.
Speaker 5: You can enter those into your login portal and make
Speaker 5: all payments, but be very careful that you're on the
Speaker 5: real portals.
Speaker 6: It's very, very dangerous.
Speaker 5: So bank account access scams, my god, are they dangerous?
Speaker 5: Because again, do you know you're going to excel the
Speaker 5: real site to put in your bank information. There are
Speaker 5: a lot of clone sites out there. There are ways
Speaker 5: to read URLs to see that you're in the true website,
Speaker 5: so listen. I've gotten texted before and went on the
Speaker 5: link and been tricked before on certain things. Never did
Speaker 5: I get any money stolen because I realized it was
Speaker 5: a scam because they always come up with clever ways
Speaker 5: to get you to link. You should never ever press
Speaker 5: a link on a text ever, never ever, ever, unless
Speaker 5: and even if it's from a friend of yours. They
Speaker 5: are even cloning or hacking into your friends and sending
Speaker 5: out bad links.
Speaker 6: What were you gonna say.
Speaker 12: Doc, Ever, ever.
Speaker 11: Allow someone to use a program called any desk. Any
Speaker 11: desk allows the scammer total access to your computer and
Speaker 11: all your files, so anytime something.
Speaker 5: There are other remote programs as well, though, Doctor, Okay,
Speaker 5: I say don't let them.
Speaker 6: Use any I mean any kind of access to your
Speaker 6: PC ever ever?
Speaker 5: Three oh three seven one three talk seven one three
Speaker 5: eight two five five.
Speaker 6: Now that's just one scam.
Speaker 5: Bank account access scams which takes on many forms. Okay,
Speaker 5: so it's one major category, but takes on many forms
Speaker 5: more coming right up on the Troubleshooter Show. Listen to this, Okay,
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Speaker 5: keep you out of probate. Or if you're facing probate,
Speaker 5: someone just died, or you found out you have an illness.
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Speaker 5: need a simple will. Dan McKenzie, McKenzie law. He's a
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Speaker 5: with a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 5: You don't pay a cent until you're content. Time for
Speaker 5: an insurance check up free, no obligation. Comparison call Compass
Speaker 5: Insurance paying too much your coverage at dozens of insurance
Speaker 5: companies find out now three oh three seven seven to
Speaker 5: one help. You'll think you're his only customer when you
Speaker 5: choose Frank durand the real estate Man dot com to
Speaker 5: list your home with Remax Alliance three oh three nine
Speaker 5: two zero sixteen twenty two.
Speaker 6: I I'm Tom Martino. You're a troubleshooter DJ. What's going
Speaker 6: on with you?
Speaker 29: DJ?
Speaker 6: How can we help you?
Speaker 20: Question? Vise a card?
Speaker 6: There you are? Go ahead. Yeah.
Speaker 20: So this was a music merchant, so UH paying for
Speaker 20: music lessons. So we were we were going back to
Speaker 20: the same place. We agreed to. UH pay on a
Speaker 20: come as you go basis, like when you have a
Speaker 20: lesson pay So yeah, I think it would. So it's
Speaker 20: been squared away. The merchant isn't burtantly. UH kept my
Speaker 20: credit card information and UH I went to a lesson.
Speaker 20: They were busy. I didn't pay afterwards, so they they
Speaker 20: charged it and that's okay. But I didn't like him.
Speaker 20: He never asked me if they could keep my credit
Speaker 20: card information, and.
Speaker 21: They in it burtontly in it burtantly. They had a
Speaker 21: recurring charge of two hundred and ten dollars that came
Speaker 21: on my account that had nothing to do with me,
Speaker 21: And so I called them and we ironed it out,
Speaker 21: and since then I've moved forward.
Speaker 20: But I'm not doing business with them for some other reasons.
Speaker 21: But my question is, how about a credit card?
Speaker 22: Tom?
Speaker 20: For forty eight years I've had credit cards. I've never
Speaker 20: had a merchant keep my own. I think they made
Speaker 20: a mistake, but I've never had a movie.
Speaker 6: Well hold on now, DJ hold on.
Speaker 5: In almost every credit card transaction I do, there's a
Speaker 5: little checkbox that says keep for future payment.
Speaker 6: Question mark.
Speaker 5: Now, sus with us, isn't there a regulation on how
Speaker 5: you keep credit card information? And if you keep it,
Speaker 5: and don't you have to get permission to keep it?
Speaker 6: Do you deal with that sometimes? Right, Susan?
Speaker 30: I mean you have to stay compliant with the merchants
Speaker 30: that you use. And yes, Tom, you can't just store.
Speaker 30: You can't willy nilly store credit card information, that's for.
Speaker 5: Sure, Right, you have to give specific pormation US permission
Speaker 5: to store your credit card information.
Speaker 6: Yes, and you've never done that.
Speaker 30: No, I don't get permission. But most of it's coded
Speaker 30: like GJDJ.
Speaker 5: Might have done it without knowing it, because sometimes when
Speaker 5: you when you're filling stuff out, it says sometimes to
Speaker 5: opt out of it. You know, it's tricky, So you
Speaker 5: could have filled out something that said they had the
Speaker 5: right to do that.
Speaker 20: I never filled out anything, so it was just over
Speaker 20: the counter with the computer jazz like.
Speaker 6: Listen to this. I believe it was I believe it
Speaker 6: was years ago. It was direct TV. Listen to this one.
Speaker 5: A dad helped out his daughter and paid her direct
Speaker 5: TV bill or it could have been cable for some reason.
Speaker 5: I'm remembering direct TV, and so she then paid him back.
Speaker 5: She is an adult daughter. Sometime down the road she
Speaker 5: got into financial trouble again and there was an amount
Speaker 5: passed due. They took it out of his previous credit card,
Speaker 5: and there was little small print for anyone who made
Speaker 5: a payment on that account, mostly the account holder they
Speaker 5: meant it for, but for if you were making a
Speaker 5: payment on that account, you agreed by making this pay
Speaker 5: by cricket card that any future death is it could
Speaker 5: be taken from it. So who knows what you signed
Speaker 5: DJ But it's a good thing you discontinued business with them,
Speaker 5: and that's a wise thing to do.
Speaker 6: You have to really be careful.
Speaker 5: You know, there are these services now True Bill and
Speaker 5: stuff like that on that you can download these apps
Speaker 5: and they crawl your credit card bills. Now, those alone,
Speaker 5: I get spooked about because they want to know your
Speaker 5: user name and pass where, and they get into your
Speaker 5: credit card. But they apparently say they're going to find prescriptions.
Speaker 5: You didn't even know you had subscriptions. You didn't you
Speaker 5: know you had things that you pay on a regular
Speaker 5: basis that you know you had. And they say it's
Speaker 5: a very prevalent problem that almost every credit card holder
Speaker 5: will have monthly charges on there they never check or
Speaker 5: know about.
Speaker 6: Now I do, because of sues.
Speaker 5: But she doesn't do. She does our business cards, she
Speaker 5: doesn't do my personal ones. I fear there's so much
Speaker 5: junk on my personal card. I fear to look at it.
Speaker 5: I mean so much junk, meaning that I didn't authorize.
Speaker 5: I get texts once in a while, Did you authorize this?
Speaker 6: Did you authorize that?
Speaker 2: No?
Speaker 5: No, what I mean, is this I charge so much
Speaker 5: it's hard for me to go.
Speaker 6: Through and remember every one of them. And they're not.
Speaker 5: All just obvious, like if you buy a cup at
Speaker 5: the cup store, it might come through as you know,
Speaker 5: Porcelain Unlimited.
Speaker 6: I don't know. I mean the name of the company.
Speaker 5: Doesn't always match what you shopped or where you shopped.
Speaker 6: It doesn't always do it. Yeah, and it's hard. So
Speaker 6: I need sus.
Speaker 5: I need to hire suits and start going over my
Speaker 5: private stuff as well, because she's like the bomb when
Speaker 5: it comes to she's like, Radar, what did you do
Speaker 5: this charge for? She's found more crap on me. So anyway,
Speaker 5: that's what we need to do. We need to be
Speaker 5: more vigilant. For sure. We got more coming up on
Speaker 5: the Troubleshooter Show. Oh we're all done with brakes. I'm
Speaker 5: happy about that, Brooke White.
Speaker 6: I got a.
Speaker 5: Text about solar somebody said specifically they want to know
Speaker 5: about the REAP grant. They thought it was only rural businesses.
Speaker 5: Go ahead, elaborate on that. This is for anyone in
Speaker 5: business who is thinking about a solar system.
Speaker 6: They want to know about that. Go ahead.
Speaker 2: Yeah.
Speaker 14: So unfortunately, the REAP grant was a federal grant and
Speaker 14: that has been put on hold with.
Speaker 15: A couple of the federal grant program.
Speaker 5: Oh because wait a minute, because of Elon so.
Speaker 6: Rich, which would be weird.
Speaker 14: The state has a micro grid grant that anybody can
Speaker 14: apply to. It's not depending on location, it's dependent on
Speaker 14: what that solar field will provide power to. It goes
Speaker 14: up to two and a half million, where it would
Speaker 14: do fifty percent of the project or twenty five percent
Speaker 14: of the project, depending on how big the project is.
Speaker 6: Oh so this is still a pretty good program.
Speaker 15: Yeah, it's it's a great program.
Speaker 14: It's actually better than the rep grant program because it's
Speaker 14: not dependent on can you get.
Speaker 6: One hundred percent? Can you get one hundred percent done?
Speaker 2: Uh?
Speaker 14: So, let's say the project's one hundred thousands. It's the
Speaker 14: exact same setup as the REAP grant, So the bare
Speaker 14: minimum you would get back would be one hundred and
Speaker 14: thirteen percent of the projects So one hundred and thirteen
Speaker 14: thousand to do it plus the income.
Speaker 5: Are there people, Brooke, are you telling me there are
Speaker 5: really people who get a solar system paid for with
Speaker 5: a government grant and put cash in their pocket?
Speaker 2: Yeah?
Speaker 15: Absolutely, one hundred percent.
Speaker 6: Liar, liar, pants on fire? Are you kidding me? Really?
Speaker 17: Yeah?
Speaker 5: Really, it's incredible. Why would the government allow that overpayment?
Speaker 5: Why do they allow it?
Speaker 15: Why were the rules set up that way? I think
Speaker 15: it's the same way to say, why I were bankruptcy
Speaker 15: rules set up that way?
Speaker 14: I mean, okay, so in another word, I can't dictate
Speaker 14: you apply it and you.
Speaker 6: Don't have to do anything fishy at all.
Speaker 5: If I have a business, agriculture or regular business, and
Speaker 5: I apply for this grant and the system costs me
Speaker 5: one hundred grand, I can literally put in a I
Speaker 5: can get one hundred and thirteen and put thirteen in
Speaker 5: my pocket.
Speaker 2: Yep.
Speaker 14: Absolutely, as long as you've got the tax liability, the
Speaker 14: grant will cover fifty percent of the project or twenty
Speaker 14: five again, depending on the size, and the government benefits
Speaker 14: will either cover between sixty four percent of the project
Speaker 14: or ninety four percent of the project.
Speaker 5: It just a pot So is part of that a
Speaker 5: tax credit or is it an actual grant?
Speaker 14: The tax credits range from forty percent of the project
Speaker 14: to seventy percent of the project, and then depreciation is
Speaker 14: twenty four percent.
Speaker 5: Okay, so what you're saying is in order to get
Speaker 5: that full amount, you have to have a tax obligation
Speaker 5: that can absorb a seventy seventy percent tax credit exactly.
Speaker 2: Yep.
Speaker 6: Are you allowed to put it into the future, yep, yep.
Speaker 15: You've got twenty years to roll it over and.
Speaker 5: Then almost anyone, almost anyone could do that, right or
Speaker 5: are there people? Are there businesses virtually not hardly paying
Speaker 5: and they can't do it. So you're saying you have
Speaker 5: to have you have to be able to use the credits.
Speaker 5: Can you sell the credits like consumers do.
Speaker 15: Yeah, absolutely, you can sell the tax credits.
Speaker 5: So what you're saying is if you have a commercial outfit,
Speaker 5: most likely you don't even pay.
Speaker 6: For the system.
Speaker 2: Uh.
Speaker 15: I want to make it really clear.
Speaker 14: Everything in solars as a reimbursement, So you would be
Speaker 14: paying initially, but you would be receiving that reimbursement within
Speaker 14: the year that it was installed. So if you started
Speaker 14: the project now, you would pay me one hundred thousand,
Speaker 14: but before December of this year, you would have all
Speaker 14: of that back, right, Brooks, So real clear, it's a
Speaker 14: real Okay.
Speaker 6: I understand brook We Deputy d as a question, go
Speaker 6: ahead dated Brook.
Speaker 7: It sounds like, you know, when you initially started this conversation,
Speaker 7: you use the term grant to cover both a payment
Speaker 7: from the state and a tax credit.
Speaker 9: But as you know, they're totally different.
Speaker 6: To me.
Speaker 7: A grant means she knows that she knows, and the
Speaker 7: tax credit is something you apply to your taxes later.
Speaker 9: So this one hundred thousand dollars example that you just used.
Speaker 6: Part of it is grand and part of.
Speaker 7: Much of the check will I get by the end
Speaker 7: of the year, and how much of it will be
Speaker 7: a tax credit?
Speaker 14: Yeah, that's a great question, depending on your taxes. So
Speaker 14: if you're doing this as a business, and let's say
Speaker 14: in the last for three years of business, you've paid
Speaker 14: the government thirty grand every year, then as a business,
Speaker 14: you're able to redo your taxes for three years past.
Speaker 14: So that would actually be a hard rebate check back.
Speaker 14: Your tax credits would become a rebate.
Speaker 15: Does that make sense.
Speaker 5: Yes, So you get a tax rebate from the past
Speaker 5: three years and you go future twenty years for credits.
Speaker 14: Yep, you can as long until you use up the
Speaker 14: full amount, and then the grant covers, like I said,
Speaker 14: twenty five or fifty percent, depending on the system size.
Speaker 5: So really, so if you get twenty five percent and
Speaker 5: plus the tax credit, you're going over one hundred percent.
Speaker 15: You can. Yeah, it just depends on where you're located.
Speaker 14: So again, places like Cripple Creek where it's considered low income,
Speaker 14: it's an old mining community, there's a.
Speaker 15: Couple other things.
Speaker 14: Those places actually have ninety four percent of a system
Speaker 14: covered by tax credits. If you have a system that
Speaker 14: you're looking at out in Parker, you're looking at having
Speaker 14: sixty four percent of it covered with tax benefits and
Speaker 14: then the twenty five percent in the grant.
Speaker 15: You might not make it to one hundred. So it's
Speaker 15: low location.
Speaker 14: Based as well for all of the tax credits, but
Speaker 14: you're minimally getting sixty four percent covered with tax credits
Speaker 14: wherever you're located.
Speaker 6: Any follow ups, I mean, I think it's incredible.
Speaker 5: Now, what's the best you can do for a homeowner
Speaker 5: when it comes to money?
Speaker 15: You get thirty percent? Homeowners are still fat thirty Yeah.
Speaker 6: Thirty percent of the whole cost.
Speaker 7: But yeah, but tax credit tax credit only or do
Speaker 7: you also get a rebate?
Speaker 5: You don't get a rebate credit over do you get
Speaker 5: rebates as a residence you.
Speaker 14: Can get a rebate depending on where you're located. So
Speaker 14: the folks that are in the city of Boulder get rebates.
Speaker 14: Sometimes in Denver, depending on if they add like a
Speaker 14: heat pump or something else, they can get rebates. There's
Speaker 14: places certain utility.
Speaker 15: Companies give rebate programs.
Speaker 14: So the utility company that's by Gramby does a solar
Speaker 14: rebate program, so that one's specific to location as well.
Speaker 5: Okay, so in addition to that, there is something else
Speaker 5: I want to talk about. We may need to do
Speaker 5: it later or after the break, but maybe we can
Speaker 5: touch upon it because it blew my mind. With residential
Speaker 5: systems solar farms. A guy had a big lot and
Speaker 5: he said, you did it for him, and he's actually
Speaker 5: making money by selling back to the grid.
Speaker 6: He makes a living.
Speaker 2: Yep, yep.
Speaker 15: You can make money by selling back to the grid.
Speaker 15: You could. Let's say you have some space.
Speaker 14: And you've got some neighbors that want to connect to
Speaker 14: your grid. Then you become the utility company there. There's
Speaker 14: a lot of ways you can make money. The best
Speaker 14: people with the best return on investment are commercial building
Speaker 14: owners with tenants in their building, where they charge the
Speaker 14: tenants for the solar system plus some because they're getting
Speaker 14: the commercial tax credits as well as making retail value
Speaker 14: income for the power that it's producing.
Speaker 15: Your that's your best situation.
Speaker 5: Okay, then also that's the best situation. But I also
Speaker 5: talked to this one guy. Now maybe he was agur,
Speaker 5: maybe he was commercial, but he said, you did the system.
Speaker 5: He had a field next to him, he put a
Speaker 5: he put a farm in, and he said he's getting
Speaker 5: like twenty grand a year or more or maybe even
Speaker 5: more than that. Do you remember the call?
Speaker 7: I do remember the call, But what I don't know
Speaker 7: is how much did it cost him to install that equipment?
Speaker 6: And do you get a tax credit on the solar farm?
Speaker 9: So what was the total cost?
Speaker 7: What was the rebate check, and what was the tax
Speaker 7: credit going forward?
Speaker 6: And then he gets income by selling back to the grand.
Speaker 7: And twenty thousand sounds like a lot, but I'm wondering
Speaker 7: if he spent two million dollars on it.
Speaker 6: I don't know.
Speaker 9: It's good to get the math.
Speaker 6: Yeah, we should talk about that. Let's do that. We'll
Speaker 6: talk about that, like what what it cost to do
Speaker 6: a solar field that would make me twenty grand? A Yeeric?
Speaker 6: That Yeah, just like, can.
Speaker 5: You look up that guy? Do you know who I'm
Speaker 5: talking about? I don't have his name right here, but
Speaker 5: I can try to find it. Hey, I'm Tom Martino.
Speaker 5: We have more coming up on The Troubleshooter Show three
Speaker 5: o three seven one three talks seven one three eight
Speaker 5: two five five. Go with a sure thing Denver's best
Speaker 5: roofer Excel Roofing dot com. You don't pay a cent
Speaker 5: until you're content. Time for an insurance check up free,
Speaker 5: no obligation. In comparison, call Compass Insurance paying too much
Speaker 5: your coverage at dozens of insurance companies find out now
Speaker 5: three oh three seven seven to one help. You'll think
Speaker 5: you're his only customer when you choose Frank durand the
Speaker 5: real estate Man dot com to list your home with
Speaker 5: Remax Alliance three oh three nine two zero sixteen twenty two.
Speaker 2: New so you don't have as ask.
Speaker 3: Yeah, the Shooter's gonna help coming Man Dix.
Speaker 4: Is the Troubleshooter Show. No Tom Martino, Hey.
Speaker 5: Tom Martino here at three oh three seven one three
Speaker 5: talk seven one three eight two five five. This is
Speaker 5: the only show of it's kind, the consumer show that
Speaker 5: helps you with problems questions and complaints. Boy, we've had
Speaker 5: an eclectic show today, have many many things. We started
Speaker 5: out talking about scams. We then moved into solar and
Speaker 5: tax credits. And I'll tell you, I think you'd have
Speaker 5: to be a moron not to buy tax credits and
Speaker 5: why would you buy tax reds?
Speaker 6: So think about this, people.
Speaker 5: If somebody puts the solar system in and they get
Speaker 5: thirty percent tax credit and they don't pay a lot
Speaker 5: of taxes, they might want to cash out and.
Speaker 6: Even though they can go forward in time.
Speaker 5: Tell me why, Tell me why, Brooke, someone would choose
Speaker 5: as an individual to sell their tax credits.
Speaker 2: Uh.
Speaker 14: There's a lot of reasons, but the biggest one is
Speaker 14: usually they just don't pay any federal taxes. So you
Speaker 14: might be retired where your retirements a roth that you're
Speaker 14: making income off of things that aren't taxable, especially if
Speaker 14: you need a bigger system to offset your electric bill.
Speaker 15: That happens all the time.
Speaker 14: Also, folks that are low income, you know, where they're
Speaker 14: already getting all their government money back for whatever reasons,
Speaker 14: tax credits aren't helpful for those guys either.
Speaker 5: Okay, do you have tax credits available right now?
Speaker 2: Yep? I do.
Speaker 14: I definitely have clients that are looking to sell their
Speaker 14: tax credits about how much, like how many dollars worth
Speaker 14: in tax credits?
Speaker 5: Yeah, if you put them all together, how many dollars worth?
Speaker 14: It's a couple million. Because of the solar field projects
Speaker 14: that we're working.
Speaker 6: Oh my god.
Speaker 5: But here, here's what I'm saying to you. You mean
Speaker 5: to tell me, let's just say and I'm not saying
Speaker 5: this is me.
Speaker 6: But let's just say it's me.
Speaker 5: Let's say I had a four hundred thousand dollars not
Speaker 5: to crack or five hundred thousand, I mean, real big money. Right,
Speaker 5: you got to pay five hundred thousand in taxes and
Speaker 5: I want to go out and cover that with credits.
Speaker 5: How much of a discount can I get if I
Speaker 5: was going to buy five hundred thousand dollars in tax credits?
Speaker 14: Yeah, So the industry standard is seventy cents on the dollar.
Speaker 14: So if you wanted to cover half a million in
Speaker 14: tax credits, you.
Speaker 6: Would pay yeah, somewhere around three or a little less.
Speaker 14: Yeah, three and a half if you follow that, or
Speaker 14: three and a half of the you're writing a contract
Speaker 14: with folks, so you could get a better or worse deal,
Speaker 14: just depending on how that contract goes.
Speaker 5: And if somebody came to you with a big chunk
Speaker 5: of tax burden like five hundred thousand, four hundred thousand,
Speaker 5: three hundred thousand, would you have to put together a
Speaker 5: number of people, Right? You can't go to one source
Speaker 5: for that, right, There's not a system big enough.
Speaker 6: Right.
Speaker 14: No, there's definitely systems that are big enough to handle
Speaker 14: that tax liability. Like I said, the solar field projects
Speaker 14: that we're working on, I mean the gross amount is
Speaker 14: five million. One of these projects is in Cripple Creek,
Speaker 14: so ninety four percent of it's covered with tax benefits.
Speaker 6: So is there any risk to buying?
Speaker 5: And let me ask you, is there any risk to
Speaker 5: buying a tax credit? I'm fascinated by this. I pay
Speaker 5: taxes every single year, and I'd be a fool not
Speaker 5: to get take a thirty percent discount. I mean, why
Speaker 5: wouldn't I want a thirty percent discount?
Speaker 2: Yeah?
Speaker 15: I mean yeah, absolutely, Are there any risks at all?
Speaker 16: Tell me?
Speaker 5: Tell me are there any risks at all in buying
Speaker 5: tax credits from somebody who installed solar?
Speaker 2: Yeah?
Speaker 14: The only risk is making sure that the system works,
Speaker 14: that it's turned on that it's accepted by the uh
Speaker 14: HJ or the people that you permit through and accepted
Speaker 14: by the utility company.
Speaker 15: So if you will, you have to.
Speaker 6: Buy the tax credit before that.
Speaker 5: Can't you buy the tax credit after it's been activated?
Speaker 14: You can buy the tax credit right away, or you
Speaker 14: could do like a payment plan where you say, hey,
Speaker 14: I want to buy your tax credit. I'm going to
Speaker 14: give you half now and then half once PTO is received. Right,
Speaker 14: that's a normal way that these agreements go.
Speaker 9: Brook.
Speaker 7: Why couldn't you just enter into a contract with a
Speaker 7: seller that's contingent on his system being PTO.
Speaker 6: Why couldn't you?
Speaker 9: Why do you have to make a payment now?
Speaker 2: You don't.
Speaker 15: You can do it however you want to. It's a
Speaker 15: contract that you deem the terms with us.
Speaker 6: Yeah, that's the safest way. So here here you agree
Speaker 6: to pay X.
Speaker 5: Amount of dollars upon activation of the system and verification
Speaker 5: of the tax credits.
Speaker 6: Yep. Yeah, that's a no brainer.
Speaker 9: That's a simple, simple, clean toal.
Speaker 14: Yeah, because the tax credits become viable on a solar
Speaker 14: project when there's a five percent deposit made and assigned contract,
Speaker 14: So they can be viable years before the system actually
Speaker 14: gets installed.
Speaker 6: But oh, hold on, hold on, hold on, hold on,
Speaker 6: hold on, hold on way way wait wait wait wait,
Speaker 6: they have a tax credit years before they can actually
Speaker 6: use it.
Speaker 14: You're saying, no, no, no, I'm saying that to do
Speaker 14: a solar field project, like five million dollars in solar,
Speaker 14: it's going to take me a little bit of time
Speaker 14: to do engineering and approved and all of that stuff.
Speaker 15: Right, But I'm collecting I get it. Yeah.
Speaker 14: And then the requirements to make sure that the tax
Speaker 14: credits remain viable is that the system hits PTO or
Speaker 14: permission to operate, ten years after you claim them.
Speaker 5: So, but that could be okay, hold on, then, Brooke,
Speaker 5: if I bought a big chunk of tax credits because
Speaker 5: someone put five percent down and financed it, and then
Speaker 5: someday five years later it goes, it goes belly up,
Speaker 5: I need to pay that money back to.
Speaker 6: The government exactly.
Speaker 15: So that's your risk, I.
Speaker 30: Mean, right to a shit.
Speaker 9: So I think the risk.
Speaker 6: But you're telling me PTO could be ten years.
Speaker 14: No, no, no, the government requires PTO happens within ten years. You'll
Speaker 14: have that conversation in that contract with whoever's installing the project,
Speaker 14: and who's selling you that because you're going to.
Speaker 15: Be involved in the process.
Speaker 5: I guess what I'm saying is this, I've seen enough
Speaker 5: clowns in the solar business, and I'm not talking about you,
Speaker 5: that I would never buy a tax credit contingent on
Speaker 5: that system being completed, because that's just my luck. I'm
Speaker 5: going to buy a tax credit and guess what, there's
Speaker 5: no tax credit.
Speaker 6: I just bought nothing.
Speaker 15: I agree.
Speaker 5: I mean, I guess you could put money in escrow.
Speaker 5: Is there any reason why I need to know this
Speaker 5: straight up? Is there any reason why you must or
Speaker 5: you can't wait until activation to buy the tax credit
Speaker 5: when it's locked in?
Speaker 6: Or but that question first?
Speaker 5: That question first ahead, Just can you buy it when
Speaker 5: it's locked in?
Speaker 14: Absolutely, you can buy a tax credits whenever, one hundred
Speaker 14: percent you could wait.
Speaker 6: Okay, no reason why I wouldn't.
Speaker 7: So Tom's so Tom is trying to make this a
Speaker 7: little risk transaction. So my only question now is are
Speaker 7: there any tax credits that are ripe to be purchased
Speaker 7: right now?
Speaker 6: Do you have any right now?
Speaker 5: That's a great question this year, Do you have any
Speaker 5: tax credits right this minute that we can purchase and use.
Speaker 14: Yeah, absolutely, yeah, absolutely, they have close to one hundred
Speaker 14: thousand in tax credits viable right now where the project
Speaker 14: is hit PTO or received it.
Speaker 5: Okay, I'm going to buy them. I'm going to buy them. Okay,
Speaker 5: account I'm going to buy them. Okay, So how many
Speaker 5: different clients do I have to buy them?
Speaker 9: How many contracts are there to sign?
Speaker 6: How many clients do I have to buy them from?
Speaker 2: They'll be for that.
Speaker 14: There's four clients that I have in the top of
Speaker 14: my head, and we can definitely put the contracts together
Speaker 14: and I can get that to you, i'd say.
Speaker 15: By Monday, yep.
Speaker 6: Yeah.
Speaker 5: And then then how does the government know those tax
Speaker 5: credits are now mine?
Speaker 14: You have to register with the IRS to say that
Speaker 14: you're going to be a person that buys tax credits
Speaker 14: the people that are selling and register with the IRS
Speaker 14: saying that they're going to sell them to you, and
Speaker 14: then you fill out a form thirty four sixty eight
Speaker 14: saying that you claim the tax credits and here's your
Speaker 14: number saying that you can and then the details of
Speaker 14: the solar system.
Speaker 6: And I can go forward on those credits if I
Speaker 6: ever need to.
Speaker 14: Yeah, you can immediately, and you can if you again
Speaker 14: buy them with your business, you can backdate it three years.
Speaker 5: Okay, wait a minute, let's do Brooke. I don't even
Speaker 5: want you looking anymore. I will buy every tax credit
Speaker 5: you generate. I'm not kidding, by the way, I'm not kidding.
Speaker 2: Yeah.
Speaker 15: Absolutely, I'll get this all set up and then off.
Speaker 14: Le's tell you the rules on how to set it
Speaker 14: up with the irs so you can buy the tax credits.
Speaker 15: Yep, not a problem.
Speaker 6: Well, I mean, how can how can anybody go wrong?
Speaker 2: Now?
Speaker 6: Jim, you have a question, Jim, welcome to the show.
Speaker 6: What is your question?
Speaker 20: Yes, we have a cabin in the mountains.
Speaker 31: It is on a county road, and off of that
Speaker 31: county road behind us is a private road that runs
Speaker 31: about a quarter of a mile and along that private
Speaker 31: road there are a number of other properties that use
Speaker 31: that road as their main access. The property owner at
Speaker 31: the end of the road has sent out a letter
Speaker 31: to everyone who has access on that road asking for
Speaker 31: asking them to sign some kind of an agreement to guarantee.
Speaker 32: The sport I'm looking for and ease much.
Speaker 6: He wants a joint maintenance agreement.
Speaker 31: Well, I haven't seen a letter. I just heard this
Speaker 31: from a neighbor.
Speaker 6: I'll guarantee you.
Speaker 5: Listen, who maintains the road.
Speaker 9: The owners.
Speaker 31: It's not maintained by the county.
Speaker 5: The owner at the end of the road is the
Speaker 5: one that owns the road, right.
Speaker 31: No, I don't know, that's for sure. That's part of
Speaker 31: the problem. The road has been there for since nineteen forty.
Speaker 20: Two, and people I have had use of it.
Speaker 31: Without any kinds of issues. Now somebody who bought property
Speaker 31: at the very end of the road is asking for
Speaker 31: an eagemn everybody that.
Speaker 6: Oh, I get what you're saying.
Speaker 5: So people buy property, do they have a deeded easement
Speaker 5: on that property or do they just use it casually?
Speaker 31: I think it's the use is casual. But it's been
Speaker 31: for the it's been since nineteen forty two.
Speaker 6: I understand that. I understand that.
Speaker 5: But no one ever filed an adverse possession, No one's
Speaker 5: claiming to own it, No one pays taxes on it,
Speaker 5: do they?
Speaker 31: Well, the road actually is on different people's property front.
Speaker 6: Okay, I got it. Listen.
Speaker 5: I did a subdivision that way where I had a
Speaker 5: road going across people's lots. Those people had to had
Speaker 5: to give easements in perpetuity. Now the like, let's just
Speaker 5: say I'm in that subdivision right now and part of
Speaker 5: the road goes over my property. I unless it's needed,
Speaker 5: unless it's an easement, I can take it. I can
Speaker 5: say you can no longer use this part of the road.
Speaker 5: Isn't that correct?
Speaker 31: Well, I don't know who owns the rude.
Speaker 6: That's what it is. Correct.
Speaker 5: I'm telling you it's correct because I've developed fourteen subdivisions.
Speaker 5: Here's what I'm telling you. The guy at the end
Speaker 5: is worried and he thinks this is a shambles. This
Speaker 5: is like rinky ding town. We need to get this formalized.
Speaker 5: And he's probably doing you all a favor because he
Speaker 5: probably wants a joint maintenance and a joint use agreement
Speaker 5: in perpetuity, meaning that everyone on that road agrees that
Speaker 5: you can use the road and will chip in for maintenance.
Speaker 6: If that's what he wants.
Speaker 5: Before criticizing it, look at what he wants, because I
Speaker 5: think that's probably what he's doing.
Speaker 31: Okay, I have not seen the letter.
Speaker 5: Right Well, without seeing that, you know what, get a
Speaker 5: hopy of that letter and get it to us.
Speaker 6: I would love to see it.
Speaker 5: I can help you I'm Tom Martinez. Got more coming
Speaker 5: up on the Troubleshooter Show three oh three seven on
Speaker 5: three Talks seven one three two five five. Frank rand
Speaker 5: the real estate Man right now, will give you a
Speaker 5: market evaluation of your home, what it will sell for
Speaker 5: and why, the comps, the neighborhood, the supply and demand,
Speaker 5: the interest rates, all free, complimentary. He wants to be
Speaker 5: of service to you, and he really means it. Three
Speaker 5: oh three nine two zero sixteen twenty two. Frank durand
Speaker 5: the Realestateman dot com. Go with a sure thing Denver's
Speaker 5: best roofer Excel Roofing dot com. You don't pay a
Speaker 5: cent until you're content than time for an insurance checkup free,
Speaker 5: no obligation. In comparison, call Compass Insurance paying too much
Speaker 5: your coverage at dozens of insurance companies find out now
Speaker 5: three oh three seven to seven to one help. You'll
Speaker 5: think you're his only customer when you choose Frank durand
Speaker 5: the real estate Man dot com to list your home
Speaker 5: with Remax Alliance three oh three nine two zero sixteen
Speaker 5: twenty two.
Speaker 6: I am Tom Martino.
Speaker 5: You're Troubleshooter three o three seven one three Talk seven, three, eight,
Speaker 5: two five five, Jaba, what's going on?
Speaker 6: Hey?
Speaker 29: Tom, how's it going? And I just wanted to let you,
Speaker 29: good man, that that service. I just checked myself in
Speaker 29: the hospice today and they do have the pill or
Speaker 29: the concoction that you put together to in your life.
Speaker 22: Wow, was telling me, Now, wait a.
Speaker 6: Minute, is this in Is this in Colorado?
Speaker 29: Yeah, it's right here in Colorado at the Denver Health
Speaker 29: look up M A I D M A I D.
Speaker 6: It was in February.
Speaker 5: It was in February when you said you were going
Speaker 5: in for treatment.
Speaker 6: Did you get treatment?
Speaker 29: No, I'm not doing chemo.
Speaker 21: Because they told me, okay, you.
Speaker 29: Lived maybe two more months after chemo.
Speaker 6: Oh oh oh what kind of cancer do you have?
Speaker 29: Oh?
Speaker 12: It's all over the place.
Speaker 30: I'm sorry, Jaba.
Speaker 6: What did it start? As it does? Suck? What did
Speaker 6: it start?
Speaker 2: As?
Speaker 29: It started as something in my sagrenal glands, and then
Speaker 29: it went up my canal of my liver, put a
Speaker 29: little tumor on the outside of my liver, and now
Speaker 29: it's spreading everywhere. I got a little spot on my kidney.
Speaker 29: You got a little spot on my lung. So it's like,
Speaker 29: you know, you're trying to hit and miss with chemo,
Speaker 29: and I said no, and then I have so many
Speaker 29: people who went through that process and it was just miserable.
Speaker 6: So now I'm in hospital, Jaba.
Speaker 5: So do you plan on taking this fentanyl breath mint
Speaker 5: or whatever it is?
Speaker 22: Uh?
Speaker 21: Yeah?
Speaker 29: So what this is? What they do is they they
Speaker 29: give it to you. You have to have two physicians,
Speaker 29: two separate physicians tell you that you're not going to
Speaker 29: live more than six months. And so then you get
Speaker 29: this package of stuff. I don't know what it is yet,
Speaker 29: but they nail it to you or get it to you,
Speaker 29: and if you win, then choose. At the very end,
Speaker 29: you know, like your liver shuts down, everything shuts down.
Speaker 29: They said that you can administer all this stuff that
Speaker 29: they have a contoxin, and in about one or two
Speaker 29: hours you just go to sleep.
Speaker 6: Okay, Jaba. My heart goes out to you, bro, thank you.
Speaker 6: But I don't want to get I don't want to
Speaker 6: get preachy.
Speaker 5: But there are those who believe, including me, that there's
Speaker 5: way more to life than life.
Speaker 6: So I wish you the best.
Speaker 30: We were thinking of your java.
Speaker 29: Thank you, guys.
Speaker 21: I appreciate it.
Speaker 28: Really, just really what I.
Speaker 29: Wanted to do.
Speaker 30: I'll be sure to tell him when I see him.
Speaker 6: You picked the day he was he's not here, Well,
Speaker 6: he was here earlier. Okay, I want to go to Ben. Ben,
Speaker 6: you're curious about tax credits.
Speaker 5: Sorry, Ben are I'm already in line. I'm sorry, just kidding.
Speaker 5: Go ahead, Ben.
Speaker 32: Hey, Thanks Tom, you piqued my interest with your guests
Speaker 32: talking about selling tax credits. The situation I'm in is
Speaker 32: I don't make enough money to have a tax liability,
Speaker 32: so I have wanted tax credits sitting out there. How
Speaker 32: do you sell what kind.
Speaker 15: Of tax cond it?
Speaker 32: Do you have him already solar panels? The solar panels
Speaker 32: already been installed, it was installed.
Speaker 5: Do you have the tax credit? Do you have the
Speaker 5: tax credits sitting there?
Speaker 22: As far as I know, I do, yes.
Speaker 5: How does he find out exactly? Like, how does he
Speaker 5: find out?
Speaker 14: When you were saying that it got installed? Do you
Speaker 14: know when it started working?
Speaker 32: March of twenty twenty three.
Speaker 15: Yeah, So you just need.
Speaker 14: To register with the IRS that you want to sell
Speaker 14: your tax credits and then you just find somebody that
Speaker 14: wants to buy them from you and they're viable right away.
Speaker 14: How many how much of the tax credits have you
Speaker 14: used so far?
Speaker 25: None?
Speaker 15: How many do you have open?
Speaker 6: Tell me? Yeah?
Speaker 5: How much do you have in tax credits?
Speaker 32: I was told about thirteen thousand at this point.
Speaker 22: Now that made me wrong.
Speaker 32: Okay, you're I'm really green at this, so I apologize.
Speaker 15: It's okay. Do you know how much the whole system costs?
Speaker 32: About twenty five thousand?
Speaker 6: Oh?
Speaker 33: Wait, so it costs you twenty five out of so
Speaker 33: you pro you if it was twenty five thousand and
Speaker 33: twenty twenty four, then you have six five hundred in
Speaker 33: tax credits that are available.
Speaker 5: Okay, yeah, unless they get But isn't it possible they
Speaker 5: gave him the net price when he says twenty five
Speaker 5: and it was really more?
Speaker 2: Yeah?
Speaker 14: Absolutely, everything's possible. Do you have a copy of the contract?
Speaker 22: I do, yes, I just don't have it with me.
Speaker 2: That's okay.
Speaker 5: If you're comfortable, you can get a hold of redrocksars
Speaker 5: dot com and Brooke will help you.
Speaker 2: Yeah.
Speaker 15: Yeah, just email it.
Speaker 5: She's a Yeah. Listen, folks, I was serious. I'm going
Speaker 5: to buy tax credits. I mean, what fool would not
Speaker 5: buy a tax credit? I can think of nothing. Why
Speaker 5: would anyone?
Speaker 6: Never? Why would they never.
Speaker 5: I mean, if you're going to pay a dollar in
Speaker 5: tax and that dollar is now seventy cents, who.
Speaker 6: Would not do that? Who would not do that? Brooke?
Speaker 6: I don't know.
Speaker 5: You said you had a couple of million. You're sitting
Speaker 5: on millions and tax thredits. Well, you got a customer
Speaker 5: for life, and I can get you more customers.
Speaker 6: I mean, who would not do it?
Speaker 2: No?
Speaker 6: I mean the only time you wouldn't do it is
Speaker 6: if you go ahead.
Speaker 14: No, you're right, Yeah, absolutely, as long as it's a
Speaker 14: done deal like pcos hit, you have no risk.
Speaker 15: When you're buying.
Speaker 5: These, you have zero risk and you have the government
Speaker 5: and it's money you don't have to pay.
Speaker 6: So Brook's my new best friend. Everyone stay away.
Speaker 3: From her sucking.
Speaker 6: Yeah, okay, Brooke.
Speaker 5: This is Redrosars dot Com and they do you know,
Speaker 5: the real purpose here is they do solar systems. They
Speaker 5: do a great job, and you know, I want you
Speaker 5: to know that.
Speaker 6: We got more coming up on that one.
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Speaker 5: Insurance paying too much your coverage at dozens of insurance
Speaker 5: companies find out now three oh three seven to seven
Speaker 5: to one help. You'll think you're his only customer when
Speaker 5: you choose Frank durand the real estate Man dot com
Speaker 5: to list your home with Remax Alliance three oh three
Speaker 5: nine two zero sixteen twenty two.
Speaker 6: Hi Tom Martino here three O three seven one three talk.
Speaker 5: I can't find that call anywhere I'm looking at three
Speaker 5: twenty five?
Speaker 6: Was that last year? Was it this year?
Speaker 30: Six of twenty twenty four? Last year? It's on three
Speaker 30: twenty six twenty and Alexis.
Speaker 5: So it was way back then that that she helped us.
Speaker 5: Brooke helped us with a problem, way back then. I'm
Speaker 5: going back to see it and meanwhile explain what the
Speaker 5: original problem was while I looked for my notes.
Speaker 14: Yeah, it was a pretty complex case. I've actually never
Speaker 14: seen a case as bad as this one.
Speaker 5: So, oh wait a minute, I have a feeling it
Speaker 5: wasn't about that scumbag company.
Speaker 6: I was so upset about.
Speaker 30: One Solar through Valor. Yes, yep, if you search Valor
Speaker 30: VA l R, you're gonna get the call on your screen. Tom.
Speaker 5: Yeah, man, I can't. I can't see it anywhere. And
Speaker 5: I mean I'm looking at the date and I don't
Speaker 5: see it.
Speaker 2: Over there.
Speaker 6: It is Loi and Alexis. I just saw it Loi
Speaker 6: and Alexis.
Speaker 5: So what I have here is they contracted with one
Speaker 5: Solar through Valor Solar, and Valor's a scumbag as well
Speaker 5: in October of twenty twenty two to install a solar
Speaker 5: system fifty four thousand dollars. During the application process, they
Speaker 5: did not file the proper supplement report.
Speaker 6: That's the company.
Speaker 5: Therefore, they did not know that Excel will not approve
Speaker 5: any solar systems in that area until that a new.
Speaker 6: Substation is built. Oh my god.
Speaker 5: Now the consumers are stuck with the system. They can't use,
Speaker 5: can't be activated. There are only options were to completely
Speaker 5: go off grid with a full battery backup system and
Speaker 5: or have one Solar removed the system and give a refund.
Speaker 6: What the heck went on? What did you do with it?
Speaker 16: Brooke?
Speaker 14: Yeah, so I've been working on this case since then.
Speaker 14: Sometimes solar cases take a long time to have any.
Speaker 15: Sort of resolution.
Speaker 14: So I had a conference call with Goodleap, who is
Speaker 14: the financing company, and One Solar a week ago or so,
Speaker 14: and One Solar has dried the case completely, so that
Speaker 14: I know that Lloy and Alexis are still going to
Speaker 14: have to go after them for the damages to the
Speaker 14: appliances and their home and they are other things. But
Speaker 14: Good Leap, which is the financing company, ended the loan
Speaker 14: and told the consumers that they were going to give
Speaker 14: them a reimbursement for what they've paid. So at least
Speaker 14: now there's not a monthly bill that they have to
Speaker 14: face from the financing company, and the lean on their
Speaker 14: house gets removed, so it's definitely a step.
Speaker 5: So wait a minute, so they don't so now they
Speaker 5: don't owe the money anymore, or will First Solar come
Speaker 5: after them directly?
Speaker 14: One Solar can't come after them directly because of all
Speaker 14: of the issues that One Solar caused in this case,
Speaker 14: and the PUC filings and the other evidence against them
Speaker 14: showing that they can't it's against their contract.
Speaker 2: Life.
Speaker 6: So here's what I want to know. Then, here's what
Speaker 6: I want to know.
Speaker 5: If these people got this system now free, even though
Speaker 5: it was screwed up, they can take that money to
Speaker 5: make this right, yes or no?
Speaker 2: Yeah?
Speaker 14: Absolutely, they can add in the battery system that they
Speaker 14: need to, or they could sell the solar parts.
Speaker 15: And get a roof replacement.
Speaker 2: Yep.
Speaker 6: So what do you think they should do?
Speaker 14: Uh, that's a tough one because it's not my life.
Speaker 14: Off grid life is hard. I don't think I could
Speaker 14: do an off grid lifestyle. So that's very unique to
Speaker 14: each couple and kind of their sanity.
Speaker 5: So the finance company, why did they just why did
Speaker 5: they decide to do this?
Speaker 14: Because it was clear what the evidence posed, that the
Speaker 14: system could never get activated, that One Solar failed to
Speaker 14: comply with the rules and regulations of installing, that it
Speaker 14: was against their contract in that if they continued to
Speaker 14: charge lloy and Alexis for.
Speaker 15: This, that they would be under legal.
Speaker 14: Action as well, because they've been aware of everything that
Speaker 14: was going on in the case. So what happened was
Speaker 14: was Goodly paid one Solar the money, but then when
Speaker 14: they found out the system wasn't activated, they took all
Speaker 14: that money back from one Solar. So good Leap's not
Speaker 14: out anything besides administrative fees to process alone.
Speaker 5: No, but that's great. That is great. We are learning
Speaker 5: so much about the solar industry. So my next question
Speaker 5: is with Doze in all of this, even though Musk
Speaker 5: is in the solar business, how long are credits going
Speaker 5: to be? There must be some chatter in the industry.
Speaker 5: Are we thinking solar tax credits are here to stay?
Speaker 2: Uh?
Speaker 14: I think that the administration now is a little bit
Speaker 14: of a wildcard. I think everybody can agree that. You know,
Speaker 14: things changed pretty rapidly with this new administration.
Speaker 15: Yeah, but last time.
Speaker 14: He was in office, he extended the tax credits till
Speaker 14: twenty thirty two, So his history shows that he did
Speaker 14: additional work for it. Yes, he did get rid of
Speaker 14: federal grants for solar, but he got rid of federal
Speaker 14: grants for a lot of other things, right, So I
Speaker 14: don't think he's going against what he's done in the past,
Speaker 14: And I don't think there's any issues to worry about
Speaker 14: what tax credits. Nothing has been produced or shown to
Speaker 14: eliminate tax credits at all, not even a hint of it.
Speaker 5: All Right, we got more coming up on the Troubleshooter
Speaker 5: Show three of three seven to one three talk. By
Speaker 5: the way, we were talking about scams that I didn't
Speaker 5: even get through half of them.
Speaker 6: I'll have to do this again.
Speaker 5: Because it's incredible what I've come across when I went
Speaker 5: through my data bank of records here on all of
Speaker 5: the tax credit scams. I mean not excuse me, not taxer,
Speaker 5: I mean scams in general. So I had told you
Speaker 5: just about a few of them, okay, and I'm going
Speaker 5: to get let me just mention a few more because
Speaker 5: these are incredible. We had the bank account access scam, Okay,
Speaker 5: I went through that. Phishing scams.
Speaker 6: Fishing scams are more are anytime they try to get
Speaker 6: information from you.
Speaker 5: And almost every scam is linked to phishing because you
Speaker 5: got to do the fishing to get the other scam.
Speaker 5: The other one romance scams. My god, have people been
Speaker 5: taken by romance scams? And it's usually women. This one
Speaker 5: is where the women, middle aged to later middle aged
Speaker 5: women think some hunk as they used to call them,
Speaker 5: or some handsome You ever.
Speaker 6: Hear that, You never heard that expression.
Speaker 5: They think some handsome dude is interested in them and
Speaker 5: want them, and then they talk them into giving them money.
Speaker 5: And then you have the one that is common to
Speaker 5: a lot of other scams. You know, they all entertainle
Speaker 5: the cashiers check scams where you get a cashiers check,
Speaker 5: they say deposit to send us the rest back. It's
Speaker 5: a bad cashiers check. Fake landlord scams. You want to
Speaker 5: rent a place, They meet you, they take a deposit,
Speaker 5: They give you keys.
Speaker 6: There's a set of keys from their junk drawer.
Speaker 5: They don't work, You never get to move in, and
Speaker 5: then the landlord disappears. That's happening a lot. We got
Speaker 5: more coming up on the Troubleshooter Show. Go with a
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Speaker 6: Hey Tom Martine here.
Speaker 5: Well, we were talking about a lot of things, and
Speaker 5: one of them was the scams that people come across.
Speaker 5: So many people are victims of scams. And there are
Speaker 5: a lot of solar scams. Now Brickwright as Red Rocks,
Speaker 5: Roof and Solar. We love having a legit company on
Speaker 5: but Brooke. Through the years, there were a lot of
Speaker 5: bad solar companies that would sell at the door and
Speaker 5: then then you'd never see him again.
Speaker 6: Has the industry cleaned up a bit?
Speaker 2: Well?
Speaker 14: I think even from our conversation you can see how
Speaker 14: confusing tax credit conversations can.
Speaker 15: Be right today.
Speaker 14: Yes, So the biggest thing that I hear is, oh,
Speaker 14: the solar person told me that I was going to
Speaker 14: get a check back from the government for X amount
Speaker 14: of dollars. And this is a person that has no
Speaker 14: tax liability and won't be able to do that. That
Speaker 14: is still ongoing and I don't think that that will
Speaker 14: ever get fixed. I would highly recommend anybody I'm so sorry,
Speaker 14: no go ahead. I would highly recommend anybody looking to
Speaker 14: solar to talk to ACPA or somebody else to say, hey,
Speaker 14: is this legit and what can I expect to get
Speaker 14: back with my specific taxes?
Speaker 5: By the way, I already looked on the website to
Speaker 5: sign up for Why do they want me to sign
Speaker 5: up as a buyer of tax credits?
Speaker 6: I'm going to do it, but.
Speaker 14: Why do they want me to Why does the IRS
Speaker 14: require the the process?
Speaker 6: Why do they require me the buyer to sign up?
Speaker 14: I'm really sorry, I have no idea. I just know
Speaker 14: that it's part of the process that's been ongoing since
Speaker 14: tax credits can be sold.
Speaker 6: So what it says is, here's what it says is
Speaker 6: that your personal identification. You got to do it a
Speaker 6: whole identity thing.
Speaker 5: Then you sign up, and then it says obtain a
Speaker 5: registration number.
Speaker 6: The IRS will give you a registration number.
Speaker 5: Once approved, you'll receive this number and this number must
Speaker 5: be included to validate your tax transfer.
Speaker 6: Man, do you know how to do all this? Brooker?
Speaker 6: Do you have an accountan that knows how to do it?
Speaker 2: Yeah? Yep.
Speaker 15: It's actually a lot easier than what it sounds.
Speaker 14: You just put that registration number on that form F
Speaker 14: three sixty eight, and that's how it gets tied directly
Speaker 14: to you. For you to use those tax credits.
Speaker 6: There's a publication called Publication fifty eight eighty four that
Speaker 6: has comprehensive and instructions. And I have learned so much.
Speaker 5: Say, you know, I know we've talked about this before
Speaker 5: in the past, but it never really hit me that
Speaker 5: you'd have to be a moron not to buy tax credits.
Speaker 5: If you're gonna pay tax, why not pay less? I mean,
Speaker 5: they're unused tax credits. Everybody's a winner. The people of
Speaker 5: the tax credits are a.
Speaker 6: Winner, and you're a winner. Yeah, I mean it's great.
Speaker 5: So yeah, I'm your steady I'm going to be your
Speaker 5: steady customer from now on. Okay, So we talked about
Speaker 5: bank account assets scams, access scams, phishing scams, romance scams,
Speaker 5: cashier check scams, fake landlord scam. Then this one is
Speaker 5: quite complicated, the freight forwarding scam. That's where they ask
Speaker 5: you to simply receive items, repackage them and send them
Speaker 5: out for payment, and they do pay you, and you
Speaker 5: are getting paid. So all of a sudden, you getting
Speaker 5: a bunch of cell phones or you're getting certain things
Speaker 5: and you have to repackage them and send them out.
Speaker 5: Why because they're buying this stuff with stolen credit cards.
Speaker 5: By you receiving the stolen merchandise and then re sending
Speaker 5: it out, you become, in this chain of.
Speaker 6: Events a criminal.
Speaker 5: Of course, it's unintentional, and many times that the FBI can.
Speaker 6: Verify that, they'll let you off the hook. But for
Speaker 6: the most part, you're a criminal.
Speaker 12: And Tom, don't forget. That really hurts.
Speaker 6: I forgot.
Speaker 16: I forgot about the puppy scam.
Speaker 2: I'm down.
Speaker 6: Puppy scams.
Speaker 5: Yeah, it is where they tell you this puppies for sale,
Speaker 5: they take your money, never ship the puppy.
Speaker 6: No freight forwarding scams go ahead.
Speaker 11: And then they have oh, the puppies at the airport,
Speaker 11: but he needs a special crate.
Speaker 12: Then he's got to.
Speaker 2: Know I get it.
Speaker 6: Yeah, I am, And it's all the same.
Speaker 5: Then you have unexpected package delivery scams. That's where something
Speaker 5: shows up at your house and and they call you
Speaker 5: and say, oh, forward that to such and such. Again,
Speaker 5: that's another freight for forwarding scam, but this one you
Speaker 5: don't sign.
Speaker 6: Up to do and get paid.
Speaker 5: It's just like it was accidentally sent to you by mistake.
Speaker 6: Another one.
Speaker 5: Fake jobs, Oh my god, They're all over the place.
Speaker 5: Fake jobs. You pay for getting a job, or to
Speaker 5: do a job at home, or some registration fee and
Speaker 5: it turns out to be fake. We already talked about
Speaker 5: the grandparents scam, where they pretend the caller pretends he's
Speaker 5: your grandson or granddaughter or niece or nephew, and it's
Speaker 5: amazing how they do it.
Speaker 6: Hey, grandma, is this you Timmy anyway?
Speaker 5: And then also the PC tech scams where they go
Speaker 5: online and say we're a tech from Microsoft and we're.
Speaker 6: Going to help you.
Speaker 5: And then what they do is they get into your
Speaker 5: computer and they put either something in your computer that
Speaker 5: feeds back to them or they simply view and download
Speaker 5: the information. Celebrity impersonation scams where they pretend to be
Speaker 5: a celebrity interested in following you and then eventually get
Speaker 5: money from you. And then puppy scams. As Deputy Doc represented,
Speaker 5: we got more coming up tomorrow. Don't forget car Day
Speaker 5: on Friday, and you can always call us and get
Speaker 5: in line at three oh three Martino three O three
Speaker 5: sixty two seven eight four sixty six