Speaker 1: Y'all ripped up.
Speaker 2: News need advice, so you don't have come running.
Speaker 3: Just as fast as we can, Shooter's gonna help come.
Speaker 4: Man, This is the Troubleshooter Show.
Speaker 5: No Tom Martino, Hey Tom Martino here, welcome to the show.
Speaker 5: Three oh three Martino. You can see that number of
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Speaker 1: And of course you can call it while we're live
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Speaker 1: Can also text us. I'll get to that in a minute.
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Speaker 5: us or any show. Really, if you put the name
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Speaker 5: text me privately on my cell phone, and really it
Speaker 5: is it's forwarded right to my cell phone. Seven four
Speaker 5: seven nine fifty two eighty. Now is Barry in the
Speaker 5: house today?
Speaker 2: He is.
Speaker 1: He's looking very dapper feeling. Okay, well, get that camera up.
Speaker 1: Let's get that camera up and running camera.
Speaker 5: Oh okay, I'm sorry, it's not coming up on my board,
Speaker 5: which means that.
Speaker 1: It's not the right link.
Speaker 6: Send a link again and on the first break I'll
Speaker 6: launch it.
Speaker 1: Okay.
Speaker 5: Anyway, Well, welcome Barry, thank you for being here. We
Speaker 5: got some exciting news to announce with Barry and me,
Speaker 5: and but first I want to talk about Barry himself,
Speaker 5: and then I want to go to callers. Callers always
Speaker 5: get priority on any topic, So let's go to the
Speaker 5: callers first, and then we'll talk to Barry and about
Speaker 5: his investment program. And it's really more of a real
Speaker 5: estate it's just basically becoming a landlord. Here's what I say,
Speaker 5: become a landlord without the conventional risks and hassles and
Speaker 5: pains in the ass. Really, they handle almost every aspect
Speaker 5: of it for you. No one can control the market,
Speaker 5: but what they have been doing is buying and selling
Speaker 5: in such a way that you're getting actual, verified returns of.
Speaker 1: Anywhere from what to what.
Speaker 7: Barry the lowest forty two percent now and the normal
Speaker 7: most forty two to fifty eight percent.
Speaker 2: The exceptions are above it.
Speaker 7: Occasionally we find land a super deal with the.
Speaker 5: End is that a year or over the holding Over
Speaker 5: the holding period you're talking that is.
Speaker 2: For one year.
Speaker 7: They're doubling almost everybody now and has for four plus
Speaker 7: years doubling their money.
Speaker 5: How long are we going to be able to ride this, Barry, Well,
Speaker 5: I'm just getting in on it.
Speaker 1: Yeah, yeah, and I want to stay in on it.
Speaker 7: The riding this is is likely the following answer for
Speaker 7: at least nineteen of the next twenty years.
Speaker 2: Why we all come on, we always know the market.
Speaker 5: But I thought places, I thought real estate prices were exaggerated,
Speaker 5: and we don't have a lot more upside.
Speaker 7: There's a lot of upside when the median price is
Speaker 7: two hundred and seventy five thousand dollars in great markets.
Speaker 7: And there always are great markets, yep, one of them.
Speaker 5: That's the secret finding the great markets. Festerturnkey dot com.
Speaker 5: Let me talk to Kim. Kim, what's going on?
Speaker 8: What happened? Was Tom? I ended up getting a divorce
Speaker 8: from my ex wife.
Speaker 1: It was? And when did you get the divorce?
Speaker 2: Sir?
Speaker 8: Okay, what's that? Well? I'm John.
Speaker 1: When was it finalized?
Speaker 8: Like a year ago or so? And they gave.
Speaker 1: Us okay, so go ahead, I let it.
Speaker 8: They let us cohabitate. I stayed in my woodshop that
Speaker 8: I belt Wait a minute.
Speaker 1: Wait a minute.
Speaker 5: As part of the final divorce decree, they let you
Speaker 5: stay there and your wife obviously obviously you both had
Speaker 5: to agree to this in the in the terms and stuff.
Speaker 5: And so did you guys go to mediation or did
Speaker 5: you have an attorney?
Speaker 1: How did it work?
Speaker 8: We didn't have any mediation. We did during COVID, So
Speaker 8: we did this thing over the phone. We got that's
Speaker 8: for it.
Speaker 1: That's what that is mediation. Yes, good, well, let let
Speaker 1: well let me get the results.
Speaker 5: Let me get the results. Your divorce was finalized last year,
Speaker 5: and you and you were allowed to cohabitate where in
Speaker 5: the garage and the attic?
Speaker 1: Where in my shop?
Speaker 8: Yes, that's right.
Speaker 1: I did my chase from And how long did they
Speaker 1: give you to get out of there?
Speaker 8: It was? It went on and on and on because
Speaker 8: I couldn't get heard of, so.
Speaker 5: I know, But what did the what did what did
Speaker 5: the decree say about what was supposed? Obviously they didn't
Speaker 5: leave it that you were going to live there forever?
Speaker 1: Right?
Speaker 8: No, they didn't give us any set time really at
Speaker 8: that time. And then when they did, really.
Speaker 5: It was never addressed. It was never addressed. Six months,
Speaker 5: a year, ten years, never not one word.
Speaker 8: Well you can see what they wrote in the thing.
Speaker 8: It didn't say much to nothing. I mean I didn't.
Speaker 8: They were supposed to get a mediator. I mean I
Speaker 8: never got a funk calls boy. Anyways, she ended up
Speaker 8: telling the house.
Speaker 1: So who wrote hold on? Who wrote up this order? Kim?
Speaker 1: Did you have an attorney?
Speaker 8: I don't. I can't afford to her and I had
Speaker 8: a stroke.
Speaker 1: Did she have Did she have an attorney? Kim? I
Speaker 1: don't need stories right now? Did Kim? Did she have
Speaker 1: an attorney?
Speaker 5: I do not okay, okay, who wrote up this decree
Speaker 5: that the judge ordered as the final decree?
Speaker 1: Who wrote it up? I'm not sure, tom, Okay.
Speaker 5: I think her attorney. Did you see when you don't
Speaker 5: have an attorney? And yeah, he would write, but you
Speaker 5: had to agree to this stuff in the in the agreement, so.
Speaker 8: They have to read it, and they let us stay
Speaker 8: in this cohabitate. And then I went and seeing the judge. Well,
Speaker 8: halfway through the judge retired Albo County and then another
Speaker 8: judge that didn't even or anything.
Speaker 5: Yeah, so here's what I need to know. What are
Speaker 5: you calling about today? Are you still at the house?
Speaker 8: No? No, no, she sold the house. She took all
Speaker 8: the money, and I have nowhere to stay, Joe, I
Speaker 8: don't know. All as I want is half of my money.
Speaker 8: I don't want to you know, but you.
Speaker 1: Well, well hold on now, hold on, hold on, man, Kim.
Speaker 5: Did the divorce decree say that you split the equity
Speaker 5: in the home? Yes, okay, so obviously then when what
Speaker 5: when did the house close.
Speaker 8: About? Let's see, I don't know about three four months ago?
Speaker 8: I guess, Well, are you.
Speaker 2: On the deed?
Speaker 8: No, I was not. But the judge, the male judge,
Speaker 8: he said that didn't matter at all. It's still fifty
Speaker 8: to fifty.
Speaker 1: We've been together for No, No, it doesn't matter.
Speaker 5: But you have a document saying you get half of
Speaker 5: the net profit or equity. You don't get half of
Speaker 5: the price because they take out commissions.
Speaker 1: Okay, So what was the what was the total property?
Speaker 8: It was seven and thirty thousand.
Speaker 5: Total, and you were supposed to get half of that. Well,
Speaker 5: take her back to court. She can't keep that money.
Speaker 8: Well I know that, but how can I get it?
Speaker 8: I can't get it?
Speaker 5: Well, okay, now listen bro Oh wait a minute. You
Speaker 5: can find an attorney to take this case because you
Speaker 5: got money coming. Okay, did you have an attorney? You
Speaker 5: got to tell me something, tell me something. Did you
Speaker 5: have an attorney review your decree?
Speaker 8: No?
Speaker 1: Okay, then how do you know you can't? Kim? Kim,
Speaker 1: how do you know you can't get an attorney?
Speaker 5: How do you know you can't get an attorney?
Speaker 2: Okay?
Speaker 5: So you're telling me when you call an attorney, they say, Kim,
Speaker 5: we're not going to talk to you.
Speaker 1: We're taking no new clients. Is that what they say?
Speaker 8: They talk to me, and then I have to have
Speaker 8: five thousand dollars up front and I don't have a job.
Speaker 5: Okay, there's something called hold on If that's why I
Speaker 5: said this. An attorney with brains who looks at a
Speaker 5: decree can decide if there is a leanable interest in
Speaker 5: the case. They can then lean the case and take
Speaker 5: the case. So we just have to find an attorney
Speaker 5: who is not so busy they don't want to bother
Speaker 5: with it. There might be some attorneys too busy for it.
Speaker 5: But if you're if you're going to get three hundred
Speaker 5: and sixty thousand or three hundred and fifty thousand.
Speaker 9: Is this?
Speaker 5: Did she or her attorney make any attempt to get
Speaker 5: you money? What did the title company do?
Speaker 8: I don't even know the title company's name?
Speaker 10: I have.
Speaker 1: Well, how do you know.
Speaker 5: She didn't spend the money? How do you know she
Speaker 5: didn't Where is she now?
Speaker 8: She I don't know. I think she went back to
Speaker 8: Florida maybe or something.
Speaker 1: I have no idea.
Speaker 8: I can't get old tried, you know, and tried and tried.
Speaker 5: Well, then kim you okay, then you're not gonna You're
Speaker 5: not going to be able to sue her.
Speaker 1: You can't find.
Speaker 8: Her, Well, I can find her. I mean, if I
Speaker 8: go find her, I can find her. I know she's
Speaker 8: one of the two places. She's probably with her parents
Speaker 8: in Florida.
Speaker 5: Or put this money? Does she really? But does she understand, Kim?
Speaker 5: And I don't need a long story? Did she understand? Like,
Speaker 5: during the process of selling it, did she say to you,
Speaker 5: I know you get half of this or is she
Speaker 5: claiming she has?
Speaker 8: She did she said I would never do something like
Speaker 8: that to you, and the book sold underneath me and
Speaker 8: I was I never got on hearing from her anymore.
Speaker 5: Hey, Tom, how long how long were you too? Wait
Speaker 5: a minute, doctor, please? How long were you guys married?
Speaker 8: Forty out thirty? About thirty six years?
Speaker 1: How long are you in that home?
Speaker 8: Twenty? Prombly? I'd say, all.
Speaker 1: Right, have you called her attorney? Since this? Have you
Speaker 1: called her attorney? Just? What's that?
Speaker 8: I don't even know. I don't even know her name, Tom,
Speaker 8: I'm so confused on everything. It's just it's crazy, han't.
Speaker 1: Kim, Kim? How old? How old are you? Howld a you? Kim?
Speaker 8: Uh? Sixty five this year?
Speaker 4: Okay?
Speaker 5: You sound kind of like, why are you so confused.
Speaker 5: I mean, it's very basic. You have a divorce decree,
Speaker 5: you have things in writing.
Speaker 8: I had a joke, and I'm not like I used
Speaker 8: to be.
Speaker 5: Okay, all right, Kim, all right now I understand him.
Speaker 5: I understand you need your money. You need your money.
Speaker 1: Question how long ago? Wait?
Speaker 2: Doc?
Speaker 1: Just one second?
Speaker 5: Yes, I didn't forget you, Doc, Kim, how long ago
Speaker 5: did you have your stroke?
Speaker 8: Right after? It's been two years?
Speaker 1: Okay, all right, go ahead, Doc.
Speaker 11: Well, I just want to know how much was the
Speaker 11: equity in the house and how much is available after
Speaker 11: the sale.
Speaker 1: We already told him. He already said that, Doc.
Speaker 5: He said that in the very beginning, seven hundred and
Speaker 5: thirty thousand dollars.
Speaker 12: That's after taking out with the house.
Speaker 8: It was paid to her in cash. Toue. I found
Speaker 8: that out.
Speaker 1: I hope she still has it.
Speaker 5: I do too, because you'd be do you know what
Speaker 5: Here's there's no crime here.
Speaker 1: So if she spent that money, do you.
Speaker 5: Know how long it would take her to pay you
Speaker 5: back three hundred and fifty thousand dollars unless she bought
Speaker 5: a house and then he could put a lean on it.
Speaker 5: But you know, Kim, we can't fool around. We have
Speaker 5: to talk to an attorney for you and explain what's
Speaker 5: going on. I think you're your first enemy. I think
Speaker 5: when you talk to attorneys you confuse the hell out
Speaker 5: of them.
Speaker 1: And I don't especially.
Speaker 5: If you say you I had to pull out the
Speaker 5: information I needed from you. And I don't think you're
Speaker 5: describing your case properly, because any decent attorney would want
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Speaker 5: sixteen twenty two. Hi Tom Martino, you're troubleshooter. We will
Speaker 5: get an attorney on to talk about that with Kimber
Speaker 5: right now, let me move on to other callers. Then
Speaker 5: we have Barry. We're going to be talking about the
Speaker 5: stere turnkey. Please hang on. That's a very important question
Speaker 5: people are going to have. Valerie wants to talk about
Speaker 5: State Farm. Valerie, what's going on with you? What's happening?
Speaker 13: Well, for about a year going on a year and
Speaker 13: a half now, I've been trying to fight with State
Speaker 13: Farm to get something done with my thought that happened
Speaker 13: in my condo also went down into the neighbors. But
Speaker 13: they do it.
Speaker 1: Okay, Valerie, I want to I want to ask a
Speaker 1: few questions, Okay, Okay, you own this. I assume you
Speaker 1: own the condo and you were living in it.
Speaker 13: No, I was taking care of my mom on the
Speaker 13: other side of town, and that's why I wasn't there
Speaker 13: when the pilot light went out.
Speaker 5: Yeah, okay, when the pilot light went out, what happened
Speaker 5: at froze?
Speaker 13: Yeah, the the lower air filters broke and the upper
Speaker 13: fast broke also.
Speaker 5: So so you have your mechanical. Is your mechanical in
Speaker 5: the ceiling?
Speaker 1: No, not that I know what what actually broke? Tell
Speaker 1: me how it actually flooded? What?
Speaker 5: What?
Speaker 1: Where did water come from?
Speaker 13: The water came from well out of the water. When
Speaker 13: the air filters break and the fawcet breaks, then that's
Speaker 13: where it came out.
Speaker 1: Okay, I don't understand the air filter you're talking about.
Speaker 13: If that part I don't get right there underneath the
Speaker 13: sink and they broke. Yeah, okay, do you do you
Speaker 13: live on a bottom on the bottom floor. No, No,
Speaker 13: you know you don't.
Speaker 5: Yeah, okay, So it was that cold. It was that
Speaker 5: cold that when your heat went out. So when your
Speaker 5: heat went out, it really caused major coldness, or I
Speaker 5: mean you really got frozen inside there and it broke
Speaker 5: a Piper.
Speaker 13: Two right exactly.
Speaker 5: And I'll tell you this is one of the reasons
Speaker 5: I think they're not paying. And by the way, with
Speaker 5: a condo insurance it works differently, but that would be
Speaker 5: something in your unit that would be covered, and you
Speaker 5: would also be covered for the liability for someone else
Speaker 5: that you damage. But the reason they're not covering it,
Speaker 5: I'll tell you right now, is because.
Speaker 1: It was vacant.
Speaker 13: Well, they said they would cover it, and they had
Speaker 13: people out, and so I'm getting them out of.
Speaker 5: Thirty Then well, ok, then let me ask you another way.
Speaker 5: Then let me put it another way. What was your
Speaker 5: formal rejection for Why did they reject it?
Speaker 13: Well, they didn't reject they Oh so.
Speaker 1: In other words, they're going to pay you. They just
Speaker 1: been wait they are paying.
Speaker 13: Yeah, they did pay, but they didn't pay three hundred
Speaker 13: sum that the company that came out and kept telling
Speaker 13: me they were going to put me to creditors. But
Speaker 13: I said, well, it's not.
Speaker 1: Done with y Valerie.
Speaker 5: How much right now, let's just get right to it.
Speaker 5: How much? I just need raw numbers, no stories. What
Speaker 5: was the total amount of damage?
Speaker 13: Well, they had something like thirteen thousand written down.
Speaker 1: Who no, who had something like thirteen thousand.
Speaker 13: Day Farm people that I've been talking to all this time.
Speaker 5: Okay, did you ever have a contractor come in and
Speaker 5: give you a total estimate?
Speaker 13: A regular contractor besides State Farm?
Speaker 5: Yes, State Farm's not a contractor. Their insurance people and.
Speaker 13: They ye the reconstruction.
Speaker 5: But the contractors they call, the contractors that State Farm
Speaker 5: will call will cheap it out because they want to
Speaker 5: do what's best for State Farm.
Speaker 13: Now, you should have called people they work with, because
Speaker 13: I didn't know anyone, which.
Speaker 1: Wasn't very Okay, I see, I get it. Okay.
Speaker 5: So you asked, hey, do you have any contractors? And
Speaker 5: they had contractors come in, and that's what I need
Speaker 5: to know before we go any more further. What was
Speaker 5: the total amount? Did you say the total amount? Thirteen thousand?
Speaker 13: Yeah, I'm trying to find it.
Speaker 5: Is that to your unit and to the neighbors unit
Speaker 5: or is that just your unit?
Speaker 14: Oh?
Speaker 13: That would just be mine. It was thirteen thousands, okay.
Speaker 2: Got it?
Speaker 5: Okay, So thirteen thousand in damage? And then are you
Speaker 5: telling me how much have they actually paid outs?
Speaker 1: And what was your deductible?
Speaker 5: Oh?
Speaker 13: One thousand I paid that okay.
Speaker 1: So they're going to pay you twelve right, Yeah, I'm more.
Speaker 13: Or less, you know, I haven't got the paper in
Speaker 13: front of me right now, I get it.
Speaker 1: How much have they paid out so far?
Speaker 13: Everything but the three hundred, three hundred and sixteen dollars.
Speaker 13: I had to pay half upfront and half of the
Speaker 13: other half. And they said they weren't.
Speaker 1: Wait wait, but you already paid.
Speaker 5: You already paid your thousand dollars deductible. Yeah, so you
Speaker 5: have paid one thousand dollars towards the towards the damage.
Speaker 5: State Farm has paid the rest, and the only thing
Speaker 5: left right now is three hundred.
Speaker 13: Three hundred and sixteen. Yeah, they and plus they're not.
Speaker 5: That's what you're calling about. I want to get this straight.
Speaker 5: That's what you're calling about today. Three hundred and sixteen dollars.
Speaker 13: And the time they're not doing the tiling they refuse
Speaker 13: and their tolls and the tiling, so you know from
Speaker 13: the okay.
Speaker 1: Now the tiling what tiling? What tiling? Are we talking about?
Speaker 1: Floor tiling?
Speaker 13: That was next to the place where it leaked in
Speaker 13: all between refrigerators and I.
Speaker 1: Think it wasn't tile on the is it? Is it
Speaker 1: on the counter? The backsplash or the floor.
Speaker 13: It's on the floor, okay.
Speaker 5: Well there's tile on blacksplashes sometimes. Okay, so your tile floor.
Speaker 5: So the three hundred and something bill they're not paying,
Speaker 5: that's three hundred and something. How much is the tile
Speaker 5: they're not paying for?
Speaker 13: Well, I haven't had a thing done, so you know,
Speaker 13: I don't know.
Speaker 1: I mean, how much will it be? You didn't get
Speaker 1: it estimated?
Speaker 13: No, because no, they're not going to do it.
Speaker 11: Okay, Why well they're motioning a tile if they're reconstruction
Speaker 11: people exactly.
Speaker 13: And they said no. And then of course when they
Speaker 13: pulled the washing machine out, the dishwasher out so many times,
Speaker 13: it broke the countertop, which is one of those tipper countertops.
Speaker 13: But they said they're not going to do that. There's
Speaker 13: a big couch in it.
Speaker 1: Wait a minute, Wait a minute, Wait a minute. What's
Speaker 1: the name of the contractor, John Lingo, John Lean Express
Speaker 1: or whatever? Yeah, express, right, John Lean l e A
Speaker 1: n no ling l y n G.
Speaker 13: I believe John Line Line.
Speaker 1: Okay, got it, I got it. I got it. Okay.
Speaker 5: So and this was this was State Farm.
Speaker 1: State Farm recommended them.
Speaker 13: Yeah, that was recommendation.
Speaker 1: Okay.
Speaker 5: So so I don't know what Matt, what would Matt Paragon?
Speaker 5: What Paragon say Mark about this? Do you think? I mean,
Speaker 5: he's not going to take this case for three hundred bucks.
Speaker 5: But I'm wondering if there's but there's tile and all that.
Speaker 5: But wait a minute, But if there's tile involved, there
Speaker 5: might be a lot of other stuff they should pay
Speaker 5: for that they're not paying.
Speaker 6: Well, I mean there could be. I mean it's worth
Speaker 6: giving him a call. Where are you locating?
Speaker 13: Well, my condo is out east and I'm out west.
Speaker 6: Where where it's an additional ten thousand dollars?
Speaker 1: Matt's looking at a grand Yeah, where are we looking?
Speaker 1: Where is your condo? In general? Just tell me the town.
Speaker 13: By fair amount drive an ell Ametos So it's by
Speaker 13: Fairmount Cemetery.
Speaker 5: Okay, it's not terrible. Here's what I would do right now.
Speaker 5: A public adjuster, by the way, is someone that you
Speaker 5: hire to go over your policy and to make sure
Speaker 5: your insurance company is being fair with you. Now, it's
Speaker 5: not the adjuster the insurance company sends out. It's one
Speaker 5: that works for you.
Speaker 13: Okay.
Speaker 1: They only charge on what they collect. Okay, there might
Speaker 1: not be enough.
Speaker 5: There might not be enough there for him to mess
Speaker 5: with because he just gets a small part of it.
Speaker 5: But he could give you some advice, or he could
Speaker 5: find a lot more that you were supposed to get
Speaker 5: that you did not get. Because it seems to me
Speaker 5: you never had anyone advocating for you.
Speaker 1: No, well, I.
Speaker 5: Think now we ought to turn those tables and you
Speaker 5: should get someone advocating for you. Mark off the off hand,
Speaker 5: do you have Do you have the number? I'll put
Speaker 5: it in here, see if I can get it real quick?
Speaker 12: Valley? What's the name you have? Development?
Speaker 1: I have it? I haven't.
Speaker 13: It's called which Village?
Speaker 15: Two?
Speaker 13: I believe? Yeah? What's high Village anyway?
Speaker 2: Really amazing?
Speaker 1: Why do you care? Why do you care?
Speaker 5: Doc?
Speaker 12: Why do we care about it?
Speaker 13: It's Eye Building off Valencia?
Speaker 12: Okay, No, I know exactly which development she's in.
Speaker 5: Yeah, okay, okay, So here's Paragon ready his phone number set?
Speaker 1: Paragon Services Matt Stanford.
Speaker 5: When you talk to Matt, you simply say, look, I
Speaker 5: just need to know of I'm being treated fairly, and
Speaker 5: don't don't give them a lage. I just say they've
Speaker 5: paid all but a few hundred bucks, but they refuse
Speaker 5: to do my tile. And they broke my counter And
Speaker 5: I just want you to give him a call and
Speaker 5: ask him he might come over and take a look.
Speaker 5: Seven to one nine seven to seven two six zero
Speaker 5: zero two zero.
Speaker 13: Oh, that'd be great. Yep, that'll help.
Speaker 5: Call him and let us know what he says he
Speaker 5: might be able to help you. Three oh three seven
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Speaker 5: pay a cent until you're content. Time for an insurance
Speaker 5: check up free, no obligation. In comparison, call Compass Insurance
Speaker 5: paying too much your coverage at dozens of insurance companies
Speaker 5: find out now three oh three seven to seven to
Speaker 5: one help. You'll think you're his only when you choose
Speaker 5: Frank durand the real estate Man dot com to list
Speaker 5: your home with Remax Alliance three three nine two zero
Speaker 5: sixteen twenty two. Hi Tom Martino here three three seven
Speaker 5: to one three talk three O three seven one three
Speaker 5: A two five five.
Speaker 1: Welcome to the show.
Speaker 5: Now we have a Bonnie Shield's attorney at law. I
Speaker 5: want to get to Kim because that was a very
Speaker 5: serious issue. And then Dean has a tax question that
Speaker 5: I want to get to Vestera turnkey too. So Bonnie Shields,
Speaker 5: Attorney at law, Bonnie Shields Law dot com.
Speaker 1: Bonnie, this is a weird one.
Speaker 5: I didn't see the decree, but I had a question
Speaker 5: for you, a procedural question. Kim was divorced a year
Speaker 5: and a half ago and he was allowed to live
Speaker 5: in his shop at the house until they sold the house. Okay,
Speaker 5: they sold the house and he had to move, and
Speaker 5: the divorce decree says he gets half of the net proceeds,
Speaker 5: but his wife moved to Florida and never never distributed
Speaker 5: the money. The reason the title insurance did excuse me,
Speaker 5: the title company didn't is he wasn't on deed. Now
Speaker 5: for the divorce decree, the judge said, that doesn't matter
Speaker 5: if you're on the deed. You guys lived there forty years,
Speaker 5: it's half yours and there was no dispute.
Speaker 1: They agreed to that.
Speaker 5: That divorce decree specified he gets fifty percent of net proceeds.
Speaker 5: He can't get them. That's now the net proceeds. He says,
Speaker 5: I find it hard to believe. Now, wait a minute, Kim,
Speaker 5: I should ask you this. When you said seven hundred
Speaker 5: and thirty. Was that the total price of the sale
Speaker 5: of the house or was that your profit.
Speaker 8: He got from the people about the house and never
Speaker 8: didn't cash that.
Speaker 5: He didn't have a more Kim, Kim. Was the house
Speaker 5: paid for? Was the house paid for?
Speaker 8: It was paid for?
Speaker 1: Okay?
Speaker 5: Yeah, And I don't know why you make a big
Speaker 5: deal about cash. She sold the house for seven hundred
Speaker 5: and thirty thousand dollars. It doesn't matter if it was carrots.
Speaker 5: She sold it for a purchase price of seven hundred
Speaker 5: and thirty thousand plus. Is that after commissions? You got
Speaker 5: to take all the commissions out and all of that?
Speaker 5: Did you do all that math?
Speaker 8: Right? Well, she got Jevin and thirty thousand dollars for
Speaker 8: the price of the house.
Speaker 5: That's what she all right, So let's just say let's
Speaker 5: say let's say even at even at six hundred thousand, Bonnie,
Speaker 5: he would have three hundred coming to him. Okay, Now
Speaker 5: here's what I want to ask as here's what I
Speaker 5: want to ask as an attorney. He said, I can't
Speaker 5: get anyone to represent me. I don't have five thousand
Speaker 5: dollars up front. So here's what I'm asking you. I've
Speaker 5: heard of this once, especially when it came to divorces,
Speaker 5: and I wondered if it's possible if you looked at
Speaker 5: the divorce decree and you saw that it was pretty
Speaker 5: clearly spelled out, and then you saw the closing docs,
Speaker 5: or you see that this man does have no matter what,
Speaker 5: he has a clean case forgetting let's say three hundred
Speaker 5: or three point fifty. Is there such thing as taking
Speaker 5: a case like this and putting a lean on the
Speaker 5: uh on the award?
Speaker 16: Well, isn't it already gone? Isn't she off the Florida
Speaker 16: with her money?
Speaker 1: Yeah?
Speaker 5: But what I'm saying is can't that be clawed back?
Speaker 5: Are you saying attorneys don't want to get involved in that?
Speaker 16: No, I'm saying, I'm wan you're saying last year. I
Speaker 16: want to know how old is this? Like, I don't
Speaker 16: know if this is a a He could get a judgment, Okay,
Speaker 16: he could reduce the amount he was supposed to get
Speaker 16: to a judgment and the okay, that judgment. I mean,
Speaker 16: that's one way to do.
Speaker 6: It, right, Yeah, but no, no, so Bonnie Bonnie, the
Speaker 6: one part, the one part I want to explain.
Speaker 5: He has zero money, He's living in his truck. I'm
Speaker 5: asking if they're truly. Yeah, but if there's truly an
Speaker 5: award coming and an attorney can see that.
Speaker 6: Award, she could have already got why outed that money
Speaker 6: by some romeo in Florida. So I guess that's the risk, right, Bonnie,
Speaker 6: Even if you put a lien on it, if she's
Speaker 6: spent it all, there's nothing he can do about it.
Speaker 16: Yeah, I mean, how do you put a lien on
Speaker 16: You can put a lean on a bank account, you can.
Speaker 16: I know what should have happened, and the court could
Speaker 16: have put in an.
Speaker 5: Order that the title I saw the reason I'd be
Speaker 5: the only reason I mentioned it, Bonnie.
Speaker 1: I saw a divorce one time where they.
Speaker 5: Had a sizeable estate but she had no cash, and
Speaker 5: the attorney took the case and filed a lean on
Speaker 5: the case. That's I mean, it really happened. I don't
Speaker 5: know if it's normal or how they do that, but
Speaker 5: that lean had to be satisfied before she could get
Speaker 5: her money.
Speaker 16: Right, we're late or too late to that party?
Speaker 1: Oh please, no money?
Speaker 13: You kid.
Speaker 16: Just can't put a lien on some money that she got.
Speaker 16: It had to be and I'm not a collections expert
Speaker 16: by any stress.
Speaker 1: Tom, But no, no, I get it.
Speaker 13: What you're talking.
Speaker 16: About is that that attorney put a lien on the house.
Speaker 5: And there's some or put a lien on whatever the
Speaker 5: proceeds or whatever, and the and the court recorded the
Speaker 5: lean and it was understood in fact, both attorneys did
Speaker 5: it because they had no money, and so both attorneys
Speaker 5: worked for and they had to submit their bills to
Speaker 5: be paid before the proceeds were divided to the spouses. Right, Okay,
Speaker 5: but what you're saying is now this is after the fact.
Speaker 5: You can't we can't say, wait a minute, he's supposed
Speaker 5: to get this, so let's put a lien on what
Speaker 5: he's supposed to get.
Speaker 15: Right.
Speaker 16: So, well, here's what I'm wondering is if maybe somebody
Speaker 16: in the collections field could find out and somebody else
Speaker 16: that could find out has she bought property, because he
Speaker 16: could put a lien on that. There's not a central
Speaker 16: location where you can find out. If somebody has a
Speaker 16: bank account, well, I'm not sure how to find out
Speaker 16: somebody in the bank account. This could be reduced to
Speaker 16: a judgment and you could put a lien on a
Speaker 16: bank account.
Speaker 1: Okay, let's talk about that.
Speaker 5: How would he First of all, to get it reduced
Speaker 5: to a judgment, he would first have to have a
Speaker 5: decree that spells it out. Then he'd have to have
Speaker 5: closing docs to show what it was. I mean, that
Speaker 5: would take that would take a hearing of some kind,
Speaker 5: right well.
Speaker 16: Not necessarily, not at all. But I think the trickiest
Speaker 16: part is going to be getting the closing documents because
Speaker 16: the title company is not going to want to disclose though,
Speaker 16: right so, I'm not sure if there's a way around
Speaker 16: it the real estate agent, if they would provide those,
Speaker 16: or if you're going to have to actually get a
Speaker 16: court order. I mean, and in that case, maybe it
Speaker 16: is filing some sort of case against.
Speaker 5: The title You know what's funny, Hurt, she had an attorney,
Speaker 5: She had an attorney, and as an officer of the court,
Speaker 5: if he would call that attorney and say, look, I
Speaker 5: want the closing docs. You know, I was part of
Speaker 5: the decree. Couldn't that attorney do that just to be
Speaker 5: a mensch?
Speaker 13: They could.
Speaker 16: He could also go back in through the divorce case
Speaker 16: if the attorney wouldn't cooperate, and through the divorce case,
Speaker 16: he could get a court order for her to hand
Speaker 16: over that closing information. Then he knows that so much
Speaker 16: heat from the closing, when he knows what she walked
Speaker 16: away with, then he could reduce that to a judgment.
Speaker 16: And that's not going to require a hearing.
Speaker 13: But I don't know, Kim.
Speaker 16: Somebody take it on a contingency basis.
Speaker 5: You might No, Yeah, it's going to be hard, Kim. Kim,
Speaker 5: let me ask you something, man, I'm wondering, if we
Speaker 5: go the collection route, just keep it out of family
Speaker 5: altogether and just go collection route, maybe a frank ball
Speaker 5: would happen.
Speaker 1: You still got to get a judgment. He's got to
Speaker 1: convert that.
Speaker 6: He's got to go through every step she just said
Speaker 6: to convert that into a judgment first, right, that's right,
Speaker 6: and that's tim.
Speaker 16: Will be a few hours of attorney time. I don't
Speaker 16: think you're going to find someone to do that on contingency.
Speaker 16: But it is not going to require it's not going
Speaker 16: to require a hearing. So it's not a huge deal.
Speaker 16: It's not a huge but I'd start by just asking
Speaker 16: the attorney if you can get it, and then you
Speaker 16: literally just file a motion asking the court to convert
Speaker 16: it to a judgment. Then you and you file a
Speaker 16: blank judgment. I mean it's filled out and the judge
Speaker 16: just signs it. So it's pretty easy to get that
Speaker 16: judgment if it comes.
Speaker 13: Out of a court order.
Speaker 16: Because the court looks at their order and they know
Speaker 16: that it's right. It's pretty easy to get the judgement.
Speaker 5: And then he's got a finder. No, I know there's
Speaker 5: a lot involved here. Hold on, I got to take
Speaker 5: this break out. Go with a sure thing Denver's best
Speaker 5: roofer Excel Roofing dot com.
Speaker 1: You don't pay a cent until you're content.
Speaker 5: Wait time for an insurance checkup free no obligation comparison
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Speaker 5: to seven to one.
Speaker 1: 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.
Speaker 1: Wait, I think we exhausted that topic.
Speaker 5: Hi, I'm Tom Martino, Dean. What is your question on taxes?
Speaker 14: Dean?
Speaker 17: Hey Tom, how are you doing today?
Speaker 1: Good man? What's going on?
Speaker 17: Here's the issue. I rented some equipment to a guy
Speaker 17: last year, and uh it kind of ended on a
Speaker 17: sour note. He was kind of abusing my stuff.
Speaker 3: I couldn't get along with him.
Speaker 17: I was trying to work with him using equipment, so
Speaker 17: I just like.
Speaker 5: Wait, wait, wait, were you renting equipment to Were you
Speaker 5: renting your equipment to this person?
Speaker 1: Okay, yeah, Mike, good, go ahead.
Speaker 18: But what happened to the day we parted way?
Speaker 17: And uh so, near the end of the year, his
Speaker 17: wife was sending me request for a W nine.
Speaker 5: All right, hold on, this sounds sneaky. Okay, that might
Speaker 5: be a tax scam. Hang on, and we'll talk about
Speaker 5: that coming right up. And then we're gonna get to
Speaker 5: Vesteraturnkey dot com. I promise go with a sure thing
Speaker 5: Denver's best roofer Excel Roofing dot com.
Speaker 1: You don't pay a cent until you're contenth.
Speaker 5: Time for an insurance checkup free no obligation 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 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 8: Ripped Up.
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Speaker 1: You need advice so you don't have.
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Speaker 4: This is the Troubleshooter Show.
Speaker 5: No Tom Martine, Hi Tom Martino here, Welcome to the show.
Speaker 5: And this show is the only show that actually you
Speaker 5: solved fraums, answer questions, take complaints, make your.
Speaker 1: Life a little easier.
Speaker 5: This is brought to you by frankarand the real Estate
Speaker 5: Man dot com. He'll make your life easier by telling
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Speaker 5: list it. Because he's has so much experience in this market.
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Speaker 5: Really it takes into all market aspects like the interest rates,
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Speaker 5: rand the real Estate Man dot com. Speaking of real estate,
Speaker 5: we have Barry Miller with us. And Barry, if I
Speaker 5: was to ask you to describe your program in a
Speaker 5: paragraph or less, really, how would you do it?
Speaker 1: Because I know how I do it? How do you
Speaker 1: do it.
Speaker 7: I do it by saying, thorough research and extensive research
Speaker 7: finds the best economies and marketplace for residential properties for
Speaker 7: consumers who want maximum growth, like forty five to fifty
Speaker 7: percent annual returns in the most safe environment known to investing.
Speaker 7: You can have it both ways, highest return, highest safety
Speaker 7: because of our extensive research and it's turnkey. We handle
Speaker 7: all the details for the consumer. They could sit back
Speaker 7: and watch their money double in two years.
Speaker 1: Now here's the other thing. I like.
Speaker 5: Okay, and because I'm doing it with you, and when
Speaker 5: I say and I'll explain that more.
Speaker 1: But I believe in the program.
Speaker 5: So a person becomes a landlord, but they're really not
Speaker 5: running around fixing things or doing things. And it's not
Speaker 5: in Denver, it's not in Colorado. And that's a good
Speaker 5: thing because but why I know is this. If you
Speaker 5: have dozens of clients, let's say that go into a
Speaker 5: hot market because you've identified it, and then you guys
Speaker 5: start selling, you're actually raising the comps and kind of
Speaker 5: decreasing the viability of that market by your own performance.
Speaker 5: Does that make sense?
Speaker 7: It's theoretically economically it makes sense, but that's not what
Speaker 7: happens because while we have a good share of those markets,
Speaker 7: not enough share, and we don't sell instantly. We're not
Speaker 7: selling all of the same time. That's what makes the Oh.
Speaker 1: That's right, okay. And the whole time is between what
Speaker 1: is the whole time?
Speaker 7: Usually the whole time it is usually two to two
Speaker 7: and three quarter years. Literally, we have it down to
Speaker 7: two years and two and three quarter years because we
Speaker 7: put seasonality on when a customer should sell their home
Speaker 7: to get maximum dollars. So it's under three years, and
Speaker 7: they're doubling their money and selling one good, great property
Speaker 7: and buying two good, great properties at no out of
Speaker 7: pocket money.
Speaker 1: Okay.
Speaker 5: Now let's talk to Dean with his tax question. Dean,
Speaker 5: so let's uh, let's do your story here. You rented
Speaker 5: out equipment to somebody. It did not work out. He
Speaker 5: wasn't he wasn't doing I imagine this is heavy equipment
Speaker 5: we're talking about.
Speaker 9: Yeah.
Speaker 17: Yeah, and he wasn't taking care of it.
Speaker 20: He was abusive.
Speaker 4: I had to tell him, what is.
Speaker 5: The situation right now? Then tell me about the situation right.
Speaker 17: So what happened is his wife was bugging about filling
Speaker 17: out a W nine. Later in last year at twenty four.
Speaker 5: I would like, now, a W nine is something that
Speaker 5: you would fill out if you worked for them.
Speaker 17: Exactly, he's trying to use a ten ninety nine for
Speaker 17: a rental.
Speaker 1: Well, actually don't even.
Speaker 5: Know if I paid you. Well, a lot of people
Speaker 5: get confused. A lot of people get confused about this.
Speaker 5: And you can go both ways. I actually used to
Speaker 5: have people like they pay me an endorsement fee, let's say,
Speaker 5: and I would have people want me that they would
Speaker 5: send me a ten ninety nine for the money they
Speaker 5: paid me, right, that would be income. And I said, well, well,
Speaker 5: well it's a ten ninety nine meaning, but it was
Speaker 5: improper in that I'm a corporation.
Speaker 1: They're a corporation.
Speaker 5: And it's like I asked them, do you send ten
Speaker 5: ninety nine's to your grocery store?
Speaker 1: Do you send ten ninety nine's to your car dealer?
Speaker 1: You know you don't.
Speaker 5: You don't, But it doesn't do you any harm because
Speaker 5: the ten ninety nine you're going to claim the income anyway.
Speaker 5: So you just put the ten ninety nine into your tax.
Speaker 5: And here's what I had to do. Here's where it
Speaker 5: got me.
Speaker 6: Listen, if you don't put it comes down to this though,
Speaker 6: you issue a ten ninety nine to anybody you paid over,
Speaker 6: I believe it's six hundred bucks other than a corporation.
Speaker 1: That's it. That's right. But Mark here, here's what he did.
Speaker 1: You got hold on one.
Speaker 3: You finished, but I don't want.
Speaker 5: You to finish yet because I want to say this
Speaker 5: to get the right information out for people listening.
Speaker 1: Okay, then you can finish your story.
Speaker 5: But when we're on the topic, they do issue them
Speaker 5: to corporations, and they do it in error.
Speaker 1: But when they do.
Speaker 5: Issue it, it would be wrong for you not to
Speaker 5: include it because you end up getting dinged. I'm going
Speaker 5: to tell you from personal experience. When you get a
Speaker 5: ten ninety nine, whether it was issued an error or not,
Speaker 5: you put it.
Speaker 1: On your tax return.
Speaker 5: And here's what I say, included in corporate income line
Speaker 5: numbers such and such.
Speaker 1: That's all I do. Okay, Now, what were you going
Speaker 1: to say, Dean?
Speaker 17: Okay, so he doesn't have any of my personal information
Speaker 17: because I don't want I don't trust the guy. So
Speaker 17: what he did is he went to my wife's business
Speaker 17: EI N and sent her a ten ninety nine, which
Speaker 17: I'm a manager of the LLC. But he doesn't. He didn't,
Speaker 17: he didn't get anybody signed anything, and then all of
Speaker 17: a sudden, I'm getting this massive W nine and I
Speaker 17: haven't went through the checks. I went through the bank.
Speaker 14: Dean.
Speaker 5: I want to ask you something, But here's what I
Speaker 5: want to ask you. Let's just get right down to
Speaker 5: the facts. I don't want to talk about the substance.
Speaker 5: How much money did he actually pay? How much money
Speaker 5: did he actually pay you in rent for the year.
Speaker 17: He's put down twenty three thousand. I don't know if
Speaker 17: that's accurate or not.
Speaker 5: Okay, so let's say let's say he really did pay
Speaker 5: you twenty grand. Okay, let's just say he did. Now
Speaker 5: if what I don't understand. What I do not understand
Speaker 5: is why do you care if he sends you a
Speaker 5: ten ninety nine for twenty grand but he should he
Speaker 5: paid you? Yeah, Well, it depends are you dean? Did
Speaker 5: he rent from you as an dean? Did he rent
Speaker 5: from you as an individual? Or did he rent or
Speaker 5: were you a corporation.
Speaker 17: I'm gonna well, he paid me to my name, to
Speaker 17: my personal name.
Speaker 5: Okay, that's why you're getting a ten ninety nine. And
Speaker 5: when he could not get a.
Speaker 6: Ten ninety nine to you, to my wife, Dean, Dean,
Speaker 6: I heard that, and I'm explaining that to you.
Speaker 5: That's just because they want to get a tax deduction,
Speaker 5: so they want to give it to something an entity
Speaker 5: that they can.
Speaker 1: And it's in error.
Speaker 5: But what you should do, and I don't know why
Speaker 5: you're not, is give him the proper information so he
Speaker 5: can amend it and say.
Speaker 17: Because he's a felon and I don't want him having
Speaker 17: my information.
Speaker 5: Dean, Dean that I'm sorry, you're in the wrong here.
Speaker 5: Well you're in the wrong. You're in the wrong, Okay, yeah,
Speaker 5: you are, because you absolutely are. If someone pays you, Dean, if.
Speaker 15: You just listen, you'd hear I understand that, or you
Speaker 15: can write I am telling you.
Speaker 5: I am telling you that. If you hang up on Dean,
Speaker 5: I'm done with Dean. I'm done with him. If someone
Speaker 5: pays you more than six hundred dollars a year, you
Speaker 5: must supply them with a W nine. If you don't
Speaker 5: like the guy you're doing business with, then don't take
Speaker 5: his money. But if you're a know it all, just
Speaker 5: do whatever you want.
Speaker 1: But you're wrong, Dean.
Speaker 5: He should be giving you a ten ninety nine and
Speaker 5: whether you like the guy or not doesn't matter.
Speaker 1: The tax code doesn't.
Speaker 5: Say you only I get ten ninety nine's from people
Speaker 5: you like. I don't even know what that damn issue is.
Speaker 5: He was asking a question, but he knew it all.
Speaker 5: The bottom line is this, if you get paid, you
Speaker 5: fill out a W nine and if you don't fill
Speaker 5: it out.
Speaker 1: Now what he was wrong? What he did?
Speaker 5: Yes, that other guy was wrong, just just willy nilly
Speaker 5: giving it ten ninety nine.
Speaker 1: To his wife.
Speaker 5: But still she's gonna have to deal with that and
Speaker 5: the easiest way.
Speaker 1: To deal with it is to do it properly. That's
Speaker 1: the way.
Speaker 5: That's the easiest way is to have it issued in
Speaker 5: your name. Now, if he destroyed your equipment or you
Speaker 5: had to make repairs, that comes off of the ten
Speaker 5: ninety nine as a deduction. But that's the way it's done. Scott,
Speaker 5: what's going on with you?
Speaker 1: Scott?
Speaker 3: Yeah, Hey, Tom, this this is a little bit jimming.
Speaker 3: This is car related. But I just have a quick Yeah,
Speaker 3: I just need some guidance, Okay. So I live in
Speaker 3: Arizona from Colorado. Have been listening to you for years.
Speaker 3: I'm a no birds So I live here in the winter,
Speaker 3: and then I live up in Wisconsin. In the summer,
Speaker 3: I leave two new cars in my garage in Arizona, Okay,
Speaker 3: a twenty two Ram True and a T eighteen twenty
Speaker 3: eighteen Chief Wrangler.
Speaker 1: And how long do you leave?
Speaker 3: Usually about five months roughly. Is it wise for me
Speaker 3: to disconnect the batteries because this takes a toll on
Speaker 3: batteries down here. Is it wise for these newer cars
Speaker 3: to be disconnected from a battery for that long or not?
Speaker 1: Now, it would do no harm they sit.
Speaker 5: It would okay, but over all that time it would
Speaker 5: erase some of your stuff and you'd have to reprogram
Speaker 5: if you don't have the onboard batteries the little mini
Speaker 5: batteries to keep them charge, so it doesn't do you
Speaker 5: a lot of harm.
Speaker 1: That's really up to you.
Speaker 5: Now, if you have a third battery or a second battery,
Speaker 5: A lot of cars like Mercedes have a battery for
Speaker 5: keeping on, then you would want to disconnect that one too, literally,
Speaker 5: because disconnecting one will just erase, will just kill the
Speaker 5: other one. Anyway, you may as well disconnect them both.
Speaker 5: There's nothing wrong with disconnecting, but they make right now.
Speaker 5: Solid state battery tenders you could use as well, or
Speaker 5: solar battery tenders, but that's up to you if.
Speaker 1: You want to disconnect it.
Speaker 5: You feel better that way, I mean, ultimately, that's probably
Speaker 5: the one thousand percent safest way battery tenders, even though
Speaker 5: nowadays they're near perfect.
Speaker 1: Who knows what can happen, right, all right.
Speaker 3: So with newer engines, with all the electronics, I wasn't
Speaker 3: sure if it was okay to leave them, you know
Speaker 3: there would do that.
Speaker 1: It would do no harm to them. It would do
Speaker 1: no harm to them, you know.
Speaker 5: Again you as far as the odometers and stuff, I
Speaker 5: think they have a little on board battery and that
Speaker 5: will last for years without being powered. Okay, so you
Speaker 5: don't have to worry about LED readouts, but just be
Speaker 5: ready when you come home. Sometimes you got to reprogram
Speaker 5: your siege, your your radio stations, your all your stuff.
Speaker 5: Even your GPS could lose it's it's memory stuff.
Speaker 1: Yeah.
Speaker 5: So Kevin Kevin Caulkin, a Sheridan auto tech answered that
Speaker 5: for somebody one time who was asking him a very
Speaker 5: similar question. And I remember what he told them, that
Speaker 5: there's no harm at all, but you disconnect, you know
Speaker 5: what you disconnect, right? You disconnect the the ground end.
Speaker 3: I actually bring the batteries into the Oh okay, then
Speaker 3: do that the laundry room.
Speaker 1: Okay, do that.
Speaker 3: Yeah, just all right, get them out of the heat.
Speaker 8: You know what I mean?
Speaker 5: Yep, okay, yeah, you can do it that way, all right,
Speaker 5: And and then you oh, I see what you're saying. Yeah,
Speaker 5: it would it would. And don't store a battery on
Speaker 5: a hard surface.
Speaker 3: Okay, yeah, I put them on a other Pandy twelve.
Speaker 3: I set them on a piece of wood.
Speaker 5: Okay, it would better, It would be good to Okay,
Speaker 5: there's nothing wrong with that. I would put two twos
Speaker 5: and stem them across. For some reason, batteries or maybe
Speaker 5: not the new batteries, but there used to be something
Speaker 5: about storing them on hard surfaces. And maybe someone can
Speaker 5: chime in that knows about that on YouTube or something.
Speaker 5: But I don't think it's gonna make a big deal
Speaker 5: with the new batteries. Three oh three seven one three
Speaker 5: talk seven to one three, yes, sir, while.
Speaker 11: We're on the top of the batteries, is it people,
Speaker 11: there's this myth. I don't know if it's true or
Speaker 11: not that if you have batteries, like you know, when
Speaker 11: you have your triple A and double A batteries for
Speaker 11: all your devices. Is it better to sell them in
Speaker 11: the refrigerator than in a at room temperature?
Speaker 5: Okay, if it's truly room temperature, it's fine. But most
Speaker 5: of the time where you think is room temperature gets
Speaker 5: very very hot and then it won't very well get cold,
Speaker 5: but it gets very very hot. The only reason people
Speaker 5: keep them in a a in a refrigerator. The only
Speaker 5: benefit there is that it's an even temperature.
Speaker 1: It's not so.
Speaker 5: Much being cold, but being even in fact cold will
Speaker 5: discharge it faster. I wouldn't put my batteries in a refrigerator.
Speaker 5: You just want to keep them in a stable environment.
Speaker 5: But if it's too hot or too cold, it will
Speaker 5: discharge them, especially the cold. That's why evs and cars
Speaker 5: discharge faster and cold.
Speaker 11: So if any everybody in the kitchen has a junk
Speaker 11: draw right, so just put him in a junk draw
Speaker 11: in the.
Speaker 1: I I storm in a drawer.
Speaker 5: I don't call it a junk drawer because it's very
Speaker 5: neat and clean and organized.
Speaker 1: But yes, as your house, I have not one. I
Speaker 1: have not one junk drawer in this house. Your house,
Speaker 1: they can get out one nothing can get misplaced, not
Speaker 1: one nothing, not one thing. Nope.
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Speaker 5: Three oh three nine ninety six nine thousand, Adrian has
Speaker 5: a comment on batteries.
Speaker 1: Go ahead, Adrian, good day sir.
Speaker 15: How are you today?
Speaker 1: I'm doing good? Thank you. What is your comment on batteries?
Speaker 15: My comment is you don't ever ever disconnect it. Leave
Speaker 15: a little too whine trickle charger or a low en
Speaker 15: trickle charger.
Speaker 1: Okay, as long as you don't.
Speaker 15: You can't set them on concrete or dirt. Put them
Speaker 15: on two by four.
Speaker 5: Hey, by the way, why is it you can't set
Speaker 5: them on a hard surface?
Speaker 1: I never got an explanation. Battery asked The.
Speaker 15: Power will drain out of it into the ground.
Speaker 5: Wow, right now, okay, yeah, and okay, now tell me, though,
Speaker 5: tell me why you will you wouldn't disconnect them and
Speaker 5: put them on a two by four in the house.
Speaker 15: It can be detrimental to the computerized systems in cars nowadays.
Speaker 15: It can affect them. Really, yes, yes, don't ever have.
Speaker 1: Just from removing power?
Speaker 4: Pardon really?
Speaker 5: Could you let me ask you something silly? Could you
Speaker 5: theoretically just get a little these battery maintainers you're saying
Speaker 5: they're pretty damn safe.
Speaker 15: Yeah, A little two app a little trickle charger, that's
Speaker 15: all you need.
Speaker 5: Yeah, yeah, and so what about if you bought a
Speaker 5: little battery. What if you bought he didn't want to
Speaker 5: leave the battery because it gets so hot in that garage.
Speaker 1: What if you took the battery.
Speaker 5: You had a battery just for I know this sounds crazy,
Speaker 5: for the summers.
Speaker 1: You leave and you have just a maintainer battery you.
Speaker 15: Use, I'd still have a trickle charger on it.
Speaker 6: Yeah, but I mean, this guy's talking, this guy's talking Phoenix.
Speaker 6: I mean it can hit one hundred and twenty five
Speaker 6: up to one hundred and fifty degrees in his garage.
Speaker 6: I mean, how does the battery even? What does it
Speaker 6: do at one hundred and fifty degrees? I have no idea.
Speaker 1: You know.
Speaker 15: My experience with that is I've had some awful hot
Speaker 15: days in the garage here, and the worst I've ever
Speaker 15: seen as far as what it does to the battery
Speaker 15: is some of them swell up a little bit. But
Speaker 15: hot or cold. I mean, these batteries are good to
Speaker 15: minus twenty degrees and and plus one hundred and twenty degrees.
Speaker 15: They're they're all that doesn't hurt them.
Speaker 2: Wow.
Speaker 5: Yeah, well, you know I just didn't know. Well, now
Speaker 5: I want to know this. Though now I know a
Speaker 5: little bit about electronics, I need to ask you this,
Speaker 5: What is it that would do I can't think of
Speaker 5: a computer chip or anything electronic that would be that
Speaker 5: would go bad because.
Speaker 1: It did not have any power to it.
Speaker 6: My car happened my car if literally it ran out
Speaker 6: of power I would have I don't even think I'd
Speaker 6: be able to move it after recharging it. Literally, Really,
Speaker 6: it wouldn't know who it was, right Mark, Why wouldn't.
Speaker 1: What update it was on you?
Speaker 15: Oh?
Speaker 1: Oh I see, I see? Or your key and all
Speaker 1: that you mean my key would I mean nothing.
Speaker 6: I wouldn't even be able to get the car moving.
Speaker 6: But but it wouldn't do any harm to it.
Speaker 5: Yes, you would have to reprogram but it wouldn't destroy anything.
Speaker 7: Absolutely not.
Speaker 15: The worst case scenario would be they have to take
Speaker 15: it to the dealer to have it reprogrammed.
Speaker 1: Okay, you're ruined the computer?
Speaker 6: No way, No, okay, okay, you'd have to get towed
Speaker 6: though you're not going to go anywhere.
Speaker 5: No no, yeah, no, no, I'm in agreement with both
Speaker 5: of you.
Speaker 1: Absolutely. Yeah. What you're saying is the pain in the ass.
Speaker 1: Why go through all of that? Yeah, Okay, it's not
Speaker 1: going to be as simple.
Speaker 3: As just charger.
Speaker 15: Yeah, the battery doers are cheap and it's perfect.
Speaker 1: I use them. I use them on my aircraft.
Speaker 6: That's what my RV does to when it's plugged into
Speaker 6: a fifty amp in the house batteries or the starting
Speaker 6: batteries dropped to whatever like twelve five.
Speaker 1: I don't know the exact amount.
Speaker 6: It'll actually trickle charge from the actual fifty amp plug
Speaker 6: for a matter of time till it hits it.
Speaker 1: Then it cycles off. It's pretty cool.
Speaker 15: Yeah, it's automatic.
Speaker 3: It cycles on and michaels off.
Speaker 15: The charger does it'll stop charging and it's at a
Speaker 15: certain voltage.
Speaker 6: And I did you know that guy that called before
Speaker 6: or no, it was Doc. I had an uncle, and
Speaker 6: it flashed me back to like forty years.
Speaker 1: This dude kept.
Speaker 6: Every battery you know, nine volts in double a's, triple
Speaker 6: a's DC.
Speaker 1: He kept them all in his freezer.
Speaker 6: And for the life of me, I have no idea
Speaker 6: why he kept his batteries in the freezer, but he did.
Speaker 1: He probably still does. He's ninety six.
Speaker 15: Well, evidently if nothing happened, nothing happened. But it's not
Speaker 15: advised to do such a thing, says right on the package,
Speaker 15: A certain temperature range and refrigerator is.
Speaker 8: Kept on the one.
Speaker 1: Yeah it's weird.
Speaker 15: Yeah, I've never kept him in them, but I wouldn't
Speaker 15: advise putting them a refrigerator anyway. A nice cool cabinet.
Speaker 1: Were a junk droy like Tom's.
Speaker 15: He doesn't have a junk drawer yet, so very organized,
Speaker 15: nicely and there's not a piece of junk in it.
Speaker 15: I bet this stuff that he uses.
Speaker 6: I remember he had a toolbox sitting in our office
Speaker 6: here at the station, and in one of the drawers
Speaker 6: for this toolbox it was organized.
Speaker 1: Oh my god.
Speaker 6: He had no less than thirty LPT cables for old
Speaker 6: school dot matrix printers that hadn't been used, I know,
Speaker 6: since the early two thousands.
Speaker 5: I know he probably know what I no. No, I
Speaker 5: don't hoard stuff, but I don't like waste. And when
Speaker 5: Mark told me this isn't waste, they're never gonna come back.
Speaker 5: But I hear Mark, I swear to God, I hear
Speaker 5: your voice. You know you brought that up. I saw
Speaker 5: that toolbox, by the way, and it's here and I
Speaker 5: still have cables in it, and every time I walk
Speaker 5: by it, I hear Mark, I really do. So when
Speaker 5: I open that up and I see these cables, I think,
Speaker 5: am I ever.
Speaker 1: Going to use? How many lightning cables have you hoarded?
Speaker 1: Oh man, over the years of lot?
Speaker 15: Sure take a couple for five years from now you'll
Speaker 15: want one of those people.
Speaker 6: Oh yeah, you know they're going to go back to
Speaker 6: the old LPT cables.
Speaker 14: Fuck.
Speaker 6: Hey, J has a comment, keep player too, Tom, just
Speaker 6: in case.
Speaker 1: Yeah, Jay, what is your comment? Go ahead, Jay?
Speaker 18: A couple of things. A couple of things, Tom. The
Speaker 18: first one is you can take the battery out of
Speaker 18: your modern everyday car, flight around the world in an
Speaker 18: airplane twice, pick it back in. You've heard exactly nothing.
Speaker 18: What you will do is reprogram your radio stations and
Speaker 18: as you drive it might relearn your your habits a
Speaker 18: little bit. You would never notice the difference otherwise.
Speaker 4: But but a Tesla was different.
Speaker 1: Oh my god, dude, I'd have to get it to
Speaker 1: the deal with you.
Speaker 18: Yeah, that Tesla things a whole different lot of wax.
Speaker 18: But you can take a modern battery out set on
Speaker 18: your grudge floor an extra car. I ain't gonna hurt nothing.
Speaker 18: But back in the day plastics being what they weren't,
Speaker 18: it would actually the humidity and the moisture from the
Speaker 18: concrete could actually witch believe it or not slightly and
Speaker 18: drain your battery and grow a little bit of green buzz.
Speaker 18: And it was pretty ugly. But now modern batteries they
Speaker 18: don't care that plastics are so insulative, so nothing happens, you.
Speaker 5: Know what you know, I know, batteries have come such
Speaker 5: a long way. I love the the fabric rat wrapped batteries,
Speaker 5: and they now the AGM. Is that what they call.
Speaker 1: Them, the a GM Yep, that's what I got in
Speaker 1: the r V.
Speaker 5: Yeah, well those are the ones I have in my aircraft.
Speaker 5: I think they're called a GM's are they? They're solid
Speaker 5: right inside.
Speaker 18: J great batteries.
Speaker 20: They're great batteries.
Speaker 18: And okay, another word about batteries is that like any electricity,
Speaker 18: the hotter it gets, the less efficient that it is,
Speaker 18: and also at a stain range of the same thing
Speaker 18: with cold, So heat's actually way harder on a battery
Speaker 18: than cold is. We'll recover from the cold, but heat
Speaker 18: can kill on my MAT's. Just if you look at
Speaker 18: any electrical program, it'll a call for a certain amount
Speaker 18: at a certain temperature, Like if you're in a really
Speaker 18: really really hot desert, they might want twelve dach wire
Speaker 18: where if you're in Alaska, fourteen spine.
Speaker 3: So yeah, I.
Speaker 18: Sat an efficient.
Speaker 5: So anyway, I want to ask it, when you get
Speaker 5: in your car mark and it's hot or really cold,
Speaker 5: does your range actually show a difference?
Speaker 6: Oh, man, I have parked it. We were in Norfolk, Nebraska.
Speaker 6: I think it's probably been two years. It was negative
Speaker 6: five or ten. I had a sixty percent charge on
Speaker 6: it at about seven o'clock at night. We got up
Speaker 6: to start heading back. At about five or six am,
Speaker 6: it was negative five or ten and that sucker was
Speaker 6: down to thirty percent. It dropped thirty percent no over,
Speaker 6: Oh crap?
Speaker 1: Or it dropped no drop fifty fifty percent overnight?
Speaker 2: Right?
Speaker 1: Wow? Ho is crap? Great? Okay, we got more coming up.
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Speaker 1: You don't pay a cent until you're content.
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Speaker 8: All right, Barry.
Speaker 5: Miller's with us from vesteraturnkey dot com, where they help
Speaker 5: you become a landlord. So, Barry, a man walks in
Speaker 5: from the street, a woman walks in from the street,
Speaker 5: a couple walks in from the street, a retired people, whoever,
Speaker 5: and they say, what, Barry, I want to get involved.
Speaker 1: What's the first step?
Speaker 2: Yeah, the first yes, they say that.
Speaker 7: And the first step is really what we call a
Speaker 7: short conversation. What are their wealth building wants, needs and questions?
Speaker 7: And then we get They usually say, well, we want
Speaker 7: the highest return in our money, and then we talk
Speaker 7: about how we get that, and there's nothing comparable forty
Speaker 7: five to fifty percent or more annual return. And these
Speaker 7: are lower returns than we had two three and four
Speaker 7: years ago. Why because we've had higher interest rates.
Speaker 1: Right, that's right.
Speaker 5: So then when they want to get involved, and this
Speaker 5: is something I tell people all the time, you're not
Speaker 5: putting them in a group of people that own a
Speaker 5: rental or time or a bunch of them.
Speaker 1: Each person, each client owns their own rental.
Speaker 7: They own their own rental outright now, we're overseeing it
Speaker 7: for them, and we tell them that early, yes, so
Speaker 7: they don't have to manage it. We oversee the manager
Speaker 7: that we have, you know, found, vetted and selected. And
Speaker 7: they say, oh, thank goodness, you know because we hear
Speaker 7: stories about that. And I said, yeah, the stories are
Speaker 7: usually because of poor management, and we don't allow poor management.
Speaker 2: Plus we're overseeing it.
Speaker 5: Plus you get you screened, the clients that the renters
Speaker 5: and all that. So I want to I want to
Speaker 5: get into the nitty gritty. So when the person that
Speaker 5: comes to you to invest also has to qualify for
Speaker 5: the loan on that rental.
Speaker 2: Yes, they do.
Speaker 7: Now, we have some customers that choose to go all cash.
Speaker 2: That's their choice. There, I wouldn't.
Speaker 7: I wouldn't either, because you're getting one good investment where
Speaker 7: with all the cash they have, they could get four
Speaker 7: times the return, that's right, But that's their choice.
Speaker 2: But yeah, you're right, they have to be approved for
Speaker 2: the loan.
Speaker 7: But that means Tom, they have to put down twenty
Speaker 7: or twenty five percent of the purchase price.
Speaker 2: And to find.
Speaker 7: The best properties in the United States of America, not
Speaker 7: second best. There's no second best out there, and we
Speaker 7: are vest there a turnkey and there is no second
Speaker 7: best statistically mathematically. But to do that, you still have
Speaker 7: to have seventy or seventy five thousand dollars and that's
Speaker 7: not in everybody's extra IRA four oh one or savings.
Speaker 1: Okay, Okay.
Speaker 5: Now, when somebody invests and then they have a loan,
Speaker 5: who makes that loan payment?
Speaker 7: They do? They make it themselves. The property management does
Speaker 7: not make that for them.
Speaker 1: Okay. So what does property management do for them?
Speaker 2: Okay?
Speaker 7: First of all, they make sure the property is renderable.
Speaker 7: We're talking to the property managers before our customers ever
Speaker 7: owned the property, understand So they they then advertise get
Speaker 7: tenants very quickly, get good qualified tenants who are not
Speaker 7: trouble makers. Our record on that is like ninety nine
Speaker 7: point eight percent. Okay, It's like ivory soap. It's really
Speaker 7: really good. But in any case, they then manage the property.
Speaker 7: They all take care of the occasional which is about
Speaker 7: once every two years there's a minor little problem, maybe
Speaker 7: a screen broke or a window broke, or you know,
Speaker 7: a toilet gets stuffed and blocked.
Speaker 5: Okay, But the magic is, the magic is finding the
Speaker 5: right client, the right tenants, right the.
Speaker 7: Right tenants, and they find them through ultra screening, I
Speaker 7: mean lots of screening of the tenants, and that that's
Speaker 7: the case.
Speaker 5: You only buy properties where you would have a positive
Speaker 5: cash flow.
Speaker 7: Right neutral to positive cash flow. Yes, the higher rate, Okay,
Speaker 7: you know, you know have made that.
Speaker 5: Alle you you're not doing it though, you're not doing
Speaker 5: it for the cash flow. You're mainly doing it for
Speaker 5: the equity growth.
Speaker 7: Equity equity growth is twenty times what cash flow brings
Speaker 7: into people. We're not against cash flow. We want positive
Speaker 7: cash flow. It's pretty much a requirement, okay, that we
Speaker 7: have some even.
Speaker 2: A little.
Speaker 1: Do they ever have to feed the cash flow.
Speaker 7: We have had nearly nearly and I mean the statistic
Speaker 7: again is zero point one percent okay of our customers
Speaker 7: have even ever had to pay the first month mortgage
Speaker 7: before a tenant was they're paying it for them, so
Speaker 7: nearly no feeding.
Speaker 6: Yeah, but if you had a furnace, I got to
Speaker 6: take something like that. I mean, you could go negative
Speaker 6: in a month.
Speaker 2: If you have a furnace break.
Speaker 7: There was a mistake in buying the property because we
Speaker 7: are so so it can happen, and I tell everybody
Speaker 7: it can't happen.
Speaker 2: Now.
Speaker 7: The however, is we're screening the furnace before our buyers
Speaker 7: even buy it, before they have a full time inspector
Speaker 7: buy it. And the big things that we screen our furnace,
Speaker 7: air conditioning, and roof, the big guts of the of
Speaker 7: the property.
Speaker 1: And I gotta take a break.
Speaker 5: Go okay, just hold on three all three seven one
Speaker 5: three eight two five five. KH Home Solutions three h
Speaker 5: three fourths seven one fifty. Well let me give you
Speaker 5: the real number here, I get the mix of it.
Speaker 5: It's four to one seventy one hundred. So it's KH
Speaker 5: Home Solutions three h three four to one seventy one hundred,
Speaker 5: window siding, doors and more.
Speaker 1: KH has what you're looking for.
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Speaker 1: You don't pay a cent until you're content. Time for
Speaker 1: an insurance. Yeah, cup free, no obligation.
Speaker 5: In comparison, call Compass insurance paying too much your coverage
Speaker 5: at dozens of insurance companies find out now three all
Speaker 5: three seven to seven to one help. You'll think you're
Speaker 5: his only customer when you choose Frank durand the real
Speaker 5: estate man dot com to list your home with Remax
Speaker 5: Alliance three all three nine two zero sixteen twenty two.
Speaker 1: Hey Tom Martin know here?
Speaker 5: Three oh three seven one three talk seven one three
Speaker 5: eight two five five.
Speaker 1: I want to go to the phone. So well, let's
Speaker 1: talk to Barry.
Speaker 5: So, Barry, what is the minimum investment for getting involved?
Speaker 7: Yeah, the minimum investment through vester Era is typically just
Speaker 7: around seventy thousand dollars. That's everything down payment and closing costs.
Speaker 5: Okay, then they get a loan, then they put in
Speaker 5: seventy and they let you guys take care of it.
Speaker 5: And how much a year to take the phone calls
Speaker 5: and hassle and all of that. Do you charge?
Speaker 7: Yes, we now charge six hundred dollars a year per property.
Speaker 7: It's paid a time of closing, not up front. You
Speaker 7: know what those are pennies.
Speaker 1: Pennies.
Speaker 7: Oh my god, I have customers calling me stupid. They said, Barry,
Speaker 7: you're one of the smarter people, but you're stupid. And
Speaker 7: they've said you got to double that. Well I don't
Speaker 7: and I haven't yet.
Speaker 2: Wow.
Speaker 1: It's just amazing to me.
Speaker 5: Okay, So then what about the management company itself?
Speaker 1: Do you add to that fee on top?
Speaker 7: Say, we take no money from anyone the lenders. You know,
Speaker 7: lenders sometimes say, you know, thanks for the business, and
Speaker 7: I say, and they have maybe one one hundredth a
Speaker 7: few dollars. I said, pass that off to our customers,
Speaker 7: thank you.
Speaker 5: Okay, Now does AU how does it work? For expenses
Speaker 5: and all of that? Are the owners assessed monthly?
Speaker 1: Quarterly? Do they keep it cashing hown? Going? With the rent?
Speaker 1: How does it work?
Speaker 7: No, I mean the expenses of the property rental? Yeah yeah,
Speaker 7: well but but all the more the rent is covering
Speaker 7: all the costs of the rental. We include everything in there,
Speaker 7: all the costs. Okay, if there's you know, h oa.
Speaker 5: That's so very Seldom does an owner have to kick
Speaker 5: in money?
Speaker 7: Oh oh oh not not even once every eighteen months?
Speaker 2: Oh my god. Oh yeah, you know.
Speaker 1: You've really you really perfected this thing.
Speaker 2: Thank you.
Speaker 7: But our customers say that, and now you know you're
Speaker 7: experiencing that and you're seeing it, and yeah, yes, we
Speaker 7: still don't want it to sound too good to be true.
Speaker 5: We do a lot of work now, of course make
Speaker 5: it happen, but no, no, such no, And we're going to
Speaker 5: talk about people who don't That's the I wanted to
Speaker 5: lead up to people who don't have the seventy five
Speaker 5: or seventy but they still want to be part of it.
Speaker 5: And that's what I'm doing with vest Era, and I'm
Speaker 5: proud to be doing it. We'll talk about that coming
Speaker 5: up and more on the Troubleshooter Show. Go with a
Speaker 5: sure Thing Denver's best roofer Excel Roofing dot com.
Speaker 1: 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: 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 10: Ye rid of.
Speaker 3: You needed that?
Speaker 13: Who you don't have to.
Speaker 1: Run anxiousness fast as we can.
Speaker 2: Show Shooter's gonna help.
Speaker 13: Come man, this is.
Speaker 4: The Troubleshooter Show. No, Tom Martinez.
Speaker 1: Hey, I'm Tom. Welcome to the show.
Speaker 5: We got Barry Miller with us from Vestera Turnkey. We'll
Speaker 5: talk about his program and how I'm getting involved. Right now, though,
Speaker 5: we go to Christy, who has an issue with her
Speaker 5: car making noise.
Speaker 1: What's going on? Christy?
Speaker 5: You can always call us at three o three seven
Speaker 5: to one three talk seven one three eight two five
Speaker 5: five or twenty four to seven three oh three. Martino
Speaker 5: is always available. What's going on? What's happening, Christie?
Speaker 10: Yes, I have a new twenty twenty five CRV hybrid
Speaker 10: and I bought it February first, and I it's my
Speaker 10: first hybrid, so I started, you know, sharing really on
Speaker 10: day one, a whining noise and a ticking noise, and
Speaker 10: I went in to service to see, you know, is
Speaker 10: this just a hybrid thing? Because it seems it doesn't
Speaker 10: seem right to me. But I didn't know because I
Speaker 10: haven't ye hybrids.
Speaker 1: By the way, how many by the way, are you
Speaker 1: please otherwise? Please? He's with it? Is it? Is it
Speaker 1: a great car?
Speaker 10: I think so, I'm just having a hard time. I
Speaker 10: want to love the car, and I love the way
Speaker 10: it looks the sport models and it's dark blue and
Speaker 10: it's got the black you know, wheels and grill and yeah,
Speaker 10: I think it's beautiful. But I need to get over
Speaker 10: I need to figure out this these noises because they're
Speaker 10: literally making me feel sad.
Speaker 5: Okay, so did you Here's something I always suggest people do. Christy,
Speaker 5: Here's something I suggest people do many times. If you
Speaker 5: go to the same dealer and you ask them about it,
Speaker 5: that once they've decided it's nothing or it's this, or
Speaker 5: it's that, they don't change. But if you go to
Speaker 5: another dealer, even if it's not the one you want
Speaker 5: to keep going to for service, and just say, by
Speaker 5: the way, you know, what is this noise?
Speaker 1: Have you done that?
Speaker 6: Have you tried other dealers? Well, it looks like it's normal.
Speaker 6: It's the high pressure injectors basically that are warming up.
Speaker 6: I mean, there's a lot of people that talk about it,
Speaker 6: and everybody says it's a one hundred percent normal.
Speaker 1: What did the dealer.
Speaker 10: Say, so I have an appointment Friday. I've already talked
Speaker 10: to them twice that they haven't driven it for this issue,
Speaker 10: so I'm going to find out Friday. I kind of
Speaker 10: put them on notice that, you know, I just really
Speaker 10: want someone really good to make sure.
Speaker 1: What are the noises? Now?
Speaker 5: The whining noise is the electric The electric motor makes
Speaker 5: a really weird sound. I mean, I remember when Mark
Speaker 5: was pulling out of my driveway just the other day.
Speaker 5: I heard I turned around, said, what the hell it?
Speaker 5: It sounds like an outer spaceship. But it's it's a whine.
Speaker 5: That is probably what you're hearing the wine about that,
Speaker 5: it's it's the.
Speaker 10: Yeah, that's a different name. So the wine I'm hearing
Speaker 10: is almost constant from zero to seventy, it gets higher
Speaker 10: and higher pitched. And once it had seventy, either it's
Speaker 10: beyond my ability to hear it, or or there's so
Speaker 10: much road noise you can't hear it anymore.
Speaker 1: Oh.
Speaker 5: Does it start out low pitched and it goes m
Speaker 5: like that? I mean, just starts out low and goes hi.
Speaker 10: It starts out medium and goes higher. It's just go
Speaker 10: higher and hide.
Speaker 5: Okay, and have you ever had anyone actually experience the
Speaker 5: noise along with you?
Speaker 13: Yes?
Speaker 10: And I actually last Friday I went in to have
Speaker 10: them look at it, but they couldn't because I didn't
Speaker 10: have an appointment, which is why I'm going back this Friday.
Speaker 10: But last Friday, the salesperson that sold me the car
Speaker 10: so I don only drive another one, she had a
Speaker 10: carbon copy of my car and we drove the other
Speaker 10: one and I didn't hear either of the noises.
Speaker 1: Okay, got it.
Speaker 5: So that other car was completely as you expected and yours.
Speaker 1: Makes different noises.
Speaker 5: Well, then that tells you right there, because the next
Speaker 5: thing I was going to say is other than another dealer,
Speaker 5: go to someone who has one, and you did, and
Speaker 5: I guess you've You've already proven it that it's not
Speaker 5: the way to go. I mean, it's just not working.
Speaker 5: So somebody's got to do something. What you said, You
Speaker 5: took it to a dealer, but they never actually listened.
Speaker 5: This is the first time you're actually going for them
Speaker 5: to listen.
Speaker 10: It's the first time they will be able to listen
Speaker 10: to it. Yes, it is this Friday at ten, and
Speaker 10: I'll certainly follow up with you because I'm just half
Speaker 10: expecting them to tell me, yes, it's normal, and I'm
Speaker 10: going to tell them now it's not normal because I
Speaker 10: drove a different one and it makes this noise, and
Speaker 10: I just maybe, I'm well.
Speaker 5: Why do you think they're Here's what I want to know.
Speaker 5: Why are you so bent on thinking they're going.
Speaker 1: To say that.
Speaker 10: I guess I'm a pessimist.
Speaker 5: Sorry, yeah, yeah, but have you taken it in for
Speaker 5: any service before?
Speaker 1: How many miles are on it? Hardly any? Right?
Speaker 10: Well, I when I bought a head around eight hundred,
Speaker 10: and I guess that got driven up from Arizona. And
Speaker 10: I think that's why I'm a little confirmed, is because
Speaker 10: when I bought the car, it you know, I acted
Speaker 10: too quickly. But whatever, I'm fine with the car. It's beautiful,
Speaker 10: but yeah, but it comes from Arizona and it had
Speaker 10: the TPMs light on, and of course we closed the
Speaker 10: deal late on a Saturday. So the following week I
Speaker 10: came in and they had service look at the tires
Speaker 10: and they're like, your air pressure is fifteen to twenty PSI.
Speaker 10: That's like dangerously low. Like this is how you call
Speaker 10: me the car?
Speaker 1: So I'm like, what.
Speaker 10: Else did you?
Speaker 21: Yeah?
Speaker 6: But that can change drastically with cold temperatures. That's not
Speaker 6: a big deal.
Speaker 5: No.
Speaker 1: I mean.
Speaker 5: What I would do right now, I would just see
Speaker 5: what they're going to say. I wouldn't anticipate anything, just saying, look,
Speaker 5: you know, it's funny. I was in my friend's car
Speaker 5: the other day, just like this one, but it has
Speaker 5: no and that's when I realized I have some weird
Speaker 5: noises going on. That's all I'd say. And I'd like
Speaker 5: to get to the bottom of it.
Speaker 8: Now.
Speaker 1: That car had.
Speaker 5: Was never sold before, right, It wasn't a return lemon
Speaker 5: or anything, was it.
Speaker 10: That's correct. They told me they traded it for another
Speaker 10: vehicle in Arizona, and so I.
Speaker 1: Wait a minute. I didn't wait a minute. So it
Speaker 1: wasn't you're the second owner.
Speaker 10: No, they well, they sold it to me new and
Speaker 10: I did ask for a carfax and they said, well,
Speaker 10: there won't be a carfax because you haven't titled it yet.
Speaker 10: And I said, well, so I went home and I
Speaker 10: pulled the carfax anyway, just for a peace of mind,
Speaker 10: and it did listen and the dealer in Arizona, and
Speaker 10: then it listed the dealer in Colorado.
Speaker 5: Oh okay, so you are the first owner, because I
Speaker 5: was wondering. Sometimes, you know, if you're not the first owner.
Speaker 5: I'm not saying the car's automatically bad, but sometimes they
Speaker 5: trade somebody out of it if they can't figure out
Speaker 5: what the problem is and they hope the new person
Speaker 5: doesn't get it.
Speaker 10: That's I'm concerned about. So, I mean, I'll go yeah.
Speaker 1: But you said you're the first owner. Though it's not
Speaker 1: like they did that because you're the first owner.
Speaker 10: That's that's what the carfax said.
Speaker 5: Yes, do you have the do you have the blue
Speaker 5: that is the deeper blue, that almost purple blue.
Speaker 13: It's dark.
Speaker 10: I don't know if i'd call it purply.
Speaker 3: It's not.
Speaker 10: It's kind of metallic, but you can't really see the
Speaker 10: metallic it.
Speaker 1: So what kind of mileage are you getting?
Speaker 10: Not as well as I had thought I would. I'm
Speaker 10: getting like what thirty six maybe?
Speaker 1: And oh I would think you'd get more than that.
Speaker 10: I would think so too.
Speaker 1: I mean, I just, yeah, why didn't you go all electric?
Speaker 1: I'm just curious why you didn't go all electric?
Speaker 10: I didn't want to do a plug in. I couldn't say,
Speaker 10: would have done more research and maybe wouldn't have even
Speaker 10: gotten a hybrid, but I got in a hurry. I
Speaker 10: wanted to get out of the other vehicle I had,
Speaker 10: and I just anyway, this is where I'm now, and
Speaker 10: I'm trying.
Speaker 1: Not to what dealer sold it to What dealer sold
Speaker 1: it to you? What dealer sold it to you, Corwin, Honda?
Speaker 1: What is the call? Okay, Mark, do we know anything
Speaker 1: about them?
Speaker 5: Yeah?
Speaker 1: Haven't you know any about them?
Speaker 5: No that I don't think we have a problem with them,
Speaker 5: So that's pretty cool. Call us back and let us.
Speaker 1: Know when are you taking it in Friday at tim.
Speaker 5: Okay, Well, Friday is car Day, so we're going to
Speaker 5: be actually talking cars all day.
Speaker 1: On Friday until two o'clock.
Speaker 5: If you if you get a chance to call, even
Speaker 5: while you're there and they're checking it out, give us
Speaker 5: an impression.
Speaker 1: Thank you.
Speaker 5: Three oh three, seven to one three talk seven to one,
Speaker 5: three eight two five five A warrant. You have a
Speaker 5: comment on car batteries, Go ahead?
Speaker 21: Yeah, I had comment, And then a question if that's
Speaker 21: okay about.
Speaker 18: Storing battery Okay, So for like that house batteries, your
Speaker 18: double a's triple.
Speaker 9: As all that.
Speaker 21: I bought it on Amazon. It's called battery Caddy it's perfect.
Speaker 18: Yeah, I got one a little Yeah, that's all I
Speaker 18: was gonna say.
Speaker 6: You mean for storing home battery like it has double
Speaker 6: a triple A nine bold, It has every little pocket
Speaker 6: for every battery I.
Speaker 5: Know, and and and Daphney bought me one one time.
Speaker 5: Bet Daphney bought me a Christmas present. I still use
Speaker 5: it to this day. It's it's a neat place to keep.
Speaker 1: All of your battery. Tom generally just keeps his in
Speaker 1: a junk drawer. Yeah, yeah, right, yeah, warrant.
Speaker 4: Yeah.
Speaker 21: Question, Do you have a minute for a question?
Speaker 1: Yep, Yes, go ahead.
Speaker 21: Okay, So there's about a car battery. Now there's the
Speaker 21: old wives tale. I don't know if it's true or
Speaker 21: not about storing a battery on cement.
Speaker 8: Will that drain your buttery or not?
Speaker 5: Now I'm getting a lot of people that say yes,
Speaker 5: But I got some texts that said that's ridiculous. These
Speaker 5: are plastic batteries, and it makes no difference if it's
Speaker 5: on dirt or if it's on cement, or if it's
Speaker 5: on wood. But I swear to you from personal experience,
Speaker 5: when I store it on a shelf like a wire
Speaker 5: shelf in my hangar as opposed to storing it on
Speaker 5: the floor, they last longer. So I don't know. I
Speaker 5: don't know the definitive answer. I don't know it.
Speaker 2: I guess i'll do.
Speaker 17: But haven't you heard no battery diet?
Speaker 1: Yeah?
Speaker 5: I mean, haven't you heard the same thing that you
Speaker 5: shouldn't store it on a hard surface?
Speaker 16: Yeah?
Speaker 21: I've heard it, something about the grounding. You know what,
Speaker 21: grounding will discharge the battery somehow, I.
Speaker 1: Don't even understand what I heard.
Speaker 6: It would possibly work, considering like you just said time,
Speaker 6: they're plastic, How the hell would it drain?
Speaker 5: I know that I don't know. You know, I don't know.
Speaker 5: I think it might be an urban legend.
Speaker 6: I mean batteries. Maybe they used to be made out
Speaker 6: of metal.
Speaker 1: I don't know.
Speaker 6: Well, seriously, what the hell was the battery made out
Speaker 6: of before plastics?
Speaker 5: Let's see, I don't actually wait, actually wait, I don't
Speaker 5: think they were metal?
Speaker 1: Were they that would I don't think they'd be metal,
Speaker 1: but they could have been.
Speaker 5: Maybe the grounding part was metal, and then they had
Speaker 5: a terminal for the positive and the and the ground.
Speaker 6: Were made of porous materials like hard rubber, which could
Speaker 6: absorb moisture from the concrete leading to a self discharge. However,
Speaker 6: modern batteries with plastic cases cannot experience the series.
Speaker 1: Okay, so Marcus.
Speaker 5: Learning the joy of U of Chat GPT.
Speaker 1: I remember we have more? Oh yeah, you remember that.
Speaker 5: We got more coming up on the Troubleshooter Show three
Speaker 5: oh three seven one three talks seven one three two
Speaker 5: five y five. Somebody asks about that again. Renew Home
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Speaker 5: pay a cent until you're content. Time for an insurance
Speaker 5: check up free, no obligation. In comparison, call Compass insurance
Speaker 5: paying too much your coverage at dozens of insurance companies
Speaker 5: find out now three oh three seven to 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. Hi Tom Martino, you'r troubleshooter
Speaker 5: three O three seven one three talk seven on three
Speaker 5: two five five. Barry Miller is with us with a
Speaker 5: Fester era turnkey, and we're going to talk to him
Speaker 5: again about his program and a special. When is our
Speaker 5: seminars at March sixth No?
Speaker 7: No, no, April fifth, Saturday, April fifth, in.
Speaker 5: April, I'm sorry, April fifth, Okay, April fifth. We're going
Speaker 5: to talk about that now, Paul, you have a question
Speaker 5: about landlord.
Speaker 1: What's going on?
Speaker 22: Sure, I might have original property and I have a
Speaker 22: renter in there and the lease is coming due, but
Speaker 22: I want to sell the property. So what's the best
Speaker 22: way to put him on month to month? Or should
Speaker 22: I offer another release to make it more attractive to
Speaker 22: a potential buyer?
Speaker 7: Oh?
Speaker 1: I never thought of that, Barry, What do you think?
Speaker 7: No, I don't recommend the year because a lot of
Speaker 7: people then well, then you limit your buyers to investors,
Speaker 7: and if you're wanting to sell it to a regular homeowner,
Speaker 7: they're not going to wait a year.
Speaker 5: Got to be I agree, Yeah, that's what I definitely
Speaker 5: would do.
Speaker 1: And then of course they may want to buy it.
Speaker 2: Yeah, yeah, month to month is a good you.
Speaker 1: Want to buy it, Paul, So what are you going
Speaker 1: to do? Are you going to remain a landlord or not?
Speaker 1: You're going to remain a landlord?
Speaker 12: Out?
Speaker 2: No, no, this time.
Speaker 20: Thank you for calling, and they'll have you put them
Speaker 20: on notice.
Speaker 22: Thank you?
Speaker 1: Yeah, all right man, thank you now.
Speaker 2: Barry.
Speaker 5: So we talked about people having seventy thousand dollars or
Speaker 5: seventy five seven whatever, and they get involved with you,
Speaker 5: they qualify for a loan. You guys take care of
Speaker 5: basically all the nitty gritty. It's a very easy way
Speaker 5: to have to be a landlord without actually having to
Speaker 5: fix things and to be around for phone calls in
Speaker 5: the middle of the night. And uh, you pick the properties. Well,
Speaker 5: you very seldom have major maintenance. Your whole time is
Speaker 5: a year and a half to two years. Maybe did
Speaker 5: you ever go over two years?
Speaker 13: No?
Speaker 7: Ownership of two years? Yeah, a little bit, you know,
Speaker 7: two two and a half years. Kay, that's normal, all right.
Speaker 5: So people were asking me and again, I already have
Speaker 5: my first one going. It's called Vestera one LLC, and
Speaker 5: the next one will be Vestera two LLC.
Speaker 1: And here's what I'm doing.
Speaker 5: I am putting together an LLC for people that now
Speaker 5: Now again, I've made this very clear, your best returns
Speaker 5: are going to be when you can do a unit
Speaker 5: on your own and it's yours. However, I'm putting people
Speaker 5: together who don't want to do the whole seventy but
Speaker 5: they want to invest twenty. My minimum will be twenty
Speaker 5: thousand dollars. I will qualify for the loan, So I'm
Speaker 5: not going to make anyone qualify for the loan.
Speaker 1: They don't have to be on the loan at all.
Speaker 5: That the property will secure the loan and I will
Speaker 5: guarantee the loan.
Speaker 1: I will also manage the LLC.
Speaker 5: Well, what I mean by that is I'll be the
Speaker 5: interface with Barry and his team. You guys don't have
Speaker 5: to worry about that even and I'm not going to
Speaker 5: charge a management fee. So people say, well, why are
Speaker 5: you doing it? Well, I'm doing it for a few reasons.
Speaker 5: It's an extra service for my people that come to
Speaker 5: Waive eight Wealth Management.
Speaker 1: It's also a.
Speaker 5: Way for meet to get involved with Vistara and add
Speaker 5: that service to people.
Speaker 1: Plus I want to get involved. I think it's great.
Speaker 5: So we already have the first one ready to go,
Speaker 5: and I'm ready for a second one soon.
Speaker 1: I got a couple people.
Speaker 5: It's a minimum of twenty now, Barry. Someone asked me
Speaker 5: the other day they had forty they wanted to put
Speaker 5: into my first LLC, and I said to them, no,
Speaker 5: wait for my second one and do two. I mean,
Speaker 5: don't you still agree with that? Why would you put
Speaker 5: forty in one if you can put.
Speaker 1: Twenty in one and twenty in another.
Speaker 7: I understand they're thinking Tom and it's valid because most
Speaker 7: people have never seen what thorough research brings. All of
Speaker 7: our properties are home run properties. We get asked the
Speaker 7: same question, well, well should I wait for another property? No,
Speaker 7: they're all very much the same on the return, so
Speaker 7: it would make sense if they want to. If you
Speaker 7: needed forty to close, you know, your vest therey two.
Speaker 7: So there's okay, they're smart to wait. But it's not
Speaker 7: it's not like the vesting or spreading it out because
Speaker 7: all these properties are the same.
Speaker 5: I happen to tell the yeah, I happen to tell
Speaker 5: the guy, well, you get more diversity if you had
Speaker 5: two properties. But what you're saying is there really is
Speaker 5: no diversity as much because they're pretty much right.
Speaker 2: Right.
Speaker 11: Come were you going to ask Doc, Well, if I
Speaker 11: were to do with Sarah on my own, I get
Speaker 11: to pick and shoes when to sell the property, correct,
Speaker 11: if I do it through?
Speaker 5: Well, okay, I'm going to answer that Barry. First of all,
Speaker 5: somebody asked me that about the LLC. If I'm going
Speaker 5: to have Barry's expertise to buy and the expert he's
Speaker 5: to manage, I'm going to have his expertise when to sell,
Speaker 5: I'm not going to tell him when.
Speaker 1: But Barry, how would you answer that?
Speaker 16: Well?
Speaker 7: Well, well, if somebody want they could, then it's up
Speaker 7: to them when they want to sell.
Speaker 2: However, they're always asked.
Speaker 7: Ninety nine percent of our customers say, Barry, we want
Speaker 7: to get maximum returns.
Speaker 2: You tell us what that means and when.
Speaker 7: It's maximum to sell, So it's it's more ninety nine
Speaker 7: percent say, hey, you're the experts, you tell us when.
Speaker 7: But if you want that freedom or if a you know,
Speaker 7: an economic need comes up and that doesn't have to
Speaker 7: be a disaster, could be a very positive one of
Speaker 7: some event you need to help a family member, well, okay,
Speaker 7: you just tell us though, and we'll do it.
Speaker 5: Well, sure, so you're not going to refuse to sell it,
Speaker 5: so doc, Yeah, it's ultimately your property. You can keep
Speaker 5: it forevery of you on. You can sell it in
Speaker 5: a year. But I mean, what I'm saying is I
Speaker 5: think it's best to take their expertise and do what
Speaker 5: they say.
Speaker 11: What I'm asking is if you did one of yours
Speaker 11: where I put in twenty thousand and something came up
Speaker 11: and I needed the money, how could I get out?
Speaker 12: And what would be my resu.
Speaker 1: No, no, no.
Speaker 5: When you're in the LLC, it's you're in there for
Speaker 5: the duration of the property. Okay, now there's an emergence.
Speaker 5: I mean, I guess it's like any other investment you make.
Speaker 5: If you if you made a bond investment for two
Speaker 5: years or you made it, it's going to be tied up.
Speaker 5: I'm barry in my agreement and you tell me if
Speaker 5: it's right. I'm saying it can be anywhere from one
Speaker 5: to three years. Should I make it three and a
Speaker 5: half years.
Speaker 1: To be safe or what should I do?
Speaker 7: I'd make it three and a half, but I don't
Speaker 7: think that's going to be needed. But why not put
Speaker 7: a little safety factor say, I don't have to change
Speaker 7: legal docums, and.
Speaker 6: Why not let someone else take that position? If someone
Speaker 6: needs the cash, what's a big deal?
Speaker 5: Well no, no, but here's the Okay, let me tell
Speaker 5: you there's nothing wrong with taking a position. But then
Speaker 5: how do you cash out the guy that wants to
Speaker 5: get out in a year and and then make it
Speaker 5: fair for the guy that got in after a year.
Speaker 5: Where how do you allot those future profits or or
Speaker 5: the current profit. You'd have to do a calculation what's
Speaker 5: called the net asset value. Whenevery, whenever someone gets out
Speaker 5: of an investment, we do what's called a net asset value,
Speaker 5: like on our on our hedge fund or a stock,
Speaker 5: it's just whatever it's selling for. But how would you
Speaker 5: do a net asset value, Barry, If someone wanted to
Speaker 5: get out of the LLC.
Speaker 1: Praise a year earlier, we could.
Speaker 7: Do all that cost Well we could, well, this is
Speaker 7: where I'm going. We could do a market analysis and
Speaker 7: all of this. But there's costs to everything. And if
Speaker 7: somebody is going to be in a group investment, they're
Speaker 7: going to have to know if they want out, there's
Speaker 7: going to be a fee for it, a penalty, right.
Speaker 5: Yeah, and and also if you think about it, Mark,
Speaker 5: if we do a net asset value and then something
Speaker 5: happens to the market, man, well, I guess that's.
Speaker 1: Just the way it is.
Speaker 2: That's the way it is.
Speaker 1: Somebody gets out high.
Speaker 5: Yeah, so you know, if Doc is a good question,
Speaker 5: I haven't given a thought to people who want to
Speaker 5: get out early. I would think they could find someone
Speaker 5: to take their spot. I wouldn't mind them transferring it
Speaker 5: or selling it. There's nothing wrong with that, But I
Speaker 5: don't know if I want to get involved in that.
Speaker 5: And again I can ask Barry. We're doing our first one,
Speaker 5: and in our first one, I will allow owners to
Speaker 5: sell to their siblings or to transfer it in an
Speaker 5: estate or something like that. But I didn't want to
Speaker 5: get into me being an intermediary trying to sell their shares.
Speaker 5: Then that gets to be too much like a security,
Speaker 5: and that's what we're trying to avoid, and Barry has
Speaker 5: avoided for a long time, being called the security.
Speaker 7: Yeah, at East right into the return. There's a cost
Speaker 7: if you're going to be changing a group's plan. But
Speaker 7: if people in an emergency would understand it and pay
Speaker 7: it right, that's typically not the idea.
Speaker 1: Doc it's usually discretionary funds.
Speaker 2: It was just a.
Speaker 5: Question, Yeah it is, Hey, Steve, what is your question?
Speaker 5: Is it on a rental property or what we're talking about?
Speaker 20: Well, just no, a rental property. I owned twelve different properties.
Speaker 20: I've done this for a long time. But these two
Speaker 20: guys that I've been running to for seven or eight
Speaker 20: years and they've been extremely low maintenance and blah blah blah.
Speaker 20: You know, I don't have to fix anything type thing,
Speaker 20: even though I call them periodically to check out. And
Speaker 20: I own the house next door as well, and so
Speaker 20: I see him from times time. But last June, they
Speaker 20: didn't pay the rent, and then I, you know, chased
Speaker 20: after him and talked to this buddy of mine that
Speaker 20: was a property official property manager versus myself, and he says, hey,
Speaker 20: you got to get a ten day notice on their door.
Speaker 20: And I did that. And the short story is they
Speaker 20: finally paid up and paid all the light late fees,
Speaker 20: and I was way money I had. And again it
Speaker 20: happened in November. It wasn't to the extent it did
Speaker 20: in June, and then it happened again in January. So
Speaker 20: I'm thinking, I don't want to put up this nonsense,
Speaker 20: you know any longer. And this property management guy says,
Speaker 20: based on the laws of Colorado these days, it's hard
Speaker 20: to get somebody out of a property. You know, you
Speaker 20: got to tell them, say listen, I'm going to do
Speaker 20: some remodeling here that you guys need to get out.
Speaker 5: What are your suggestions, Well, there are all kinds of ways,
Speaker 5: and I wouldn't even begin to venture. I would call
Speaker 5: Bradley O'Brien O'Brien Legal Services, That's what I would do,
Speaker 5: because that's going to be important that you do this right.
Speaker 5: But there is a way to do it legally. There
Speaker 5: are reasons you can do it, and you can do
Speaker 5: it legally, but there are some reasons you can't use.
Speaker 1: And they get to stay if they want.
Speaker 5: That's it's become a terrible, terrible, terrible rental market. I
Speaker 5: got to take a break. Three oh three seven one
Speaker 5: three talks seven one three two five five. Okay, somebody
Speaker 5: asks and again you can give this number out again.
Speaker 5: But if you want to get involved, you can reach
Speaker 5: festeraturnkey dot com and say I want to do the
Speaker 5: LLC with Tom. You don't have to call me directly,
Speaker 5: or you can call us as well at Waveeightcapital dot com.
Speaker 1: But I'd suggest you.
Speaker 5: Go to Barry and first and get all the information
Speaker 5: about the program, and then if you want to be
Speaker 5: part of the LLCU the smaller chunks, he'll he'll forward
Speaker 5: you to me.
Speaker 1: Isn't that the best way to do it, Barry?
Speaker 5: I think you should the comers, Oh, absolutely, So I'd
Speaker 5: like them to know the whole program, and you're the
Speaker 5: one to control that. I mean, I want you to
Speaker 5: explain the whole program to him. So three oh three
Speaker 5: seven one three a two five five go with a
Speaker 5: sure thing Denver's best roofer Excel Roofing dot com. You
Speaker 5: don't pay a cent until you're content. Time for an
Speaker 5: insurance check up free, no obligation. In comparison, call Compass
Speaker 5: Insurance too much your coverage at dozens of insurance companies
Speaker 5: find out now three all three seven seven to one 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 all three nine two zero
Speaker 5: sixteen twenty two.
Speaker 6: All right, three oh three seven one three eight two
Speaker 6: five five. You've been ripped off or taking advantage you
Speaker 6: of have any questions on anything we've been talking about,
Speaker 6: we'd love to hear from you.
Speaker 1: We have open lines right now.
Speaker 6: Three zero three seven, one three eight two five five
Speaker 6: three zero three.
Speaker 1: Martino, It's so funny.
Speaker 6: We go from talking about rental units to car batteries
Speaker 6: to pretty much anything you can imagine on this show.
Speaker 6: We're a consumer show. In the bottom line, what we'd
Speaker 6: love to do is educate and help you out personally.
Speaker 6: My favorite part is when you have a bad contractor
Speaker 6: that ripped you off, maybe did a shoddy job, maybe
Speaker 6: ever even showed up and did any work. I can
Speaker 6: think of that more often than not, which is really
Speaker 6: sad these days. And how about landlords. We've been getting
Speaker 6: a ton of problems with landlords lately. Let me ask
Speaker 6: Barry something with Festeria properties. You know, you and Tom
Speaker 6: were kind of talking about how it works. I think
Speaker 6: you guys and not necessarily get into the weeds too much.
Speaker 6: But the bottom lines is you find a great place,
Speaker 6: you find a great area, forget even about the house.
Speaker 6: You find a great area, and then you find the
Speaker 6: right property. A lot of people think is that a
Speaker 6: fix and flip? Is that where I'm making the money. No,
Speaker 6: you find something that's ready to rent out day one,
Speaker 6: day one, and then that person purchases it. They can
Speaker 6: put twenty percent down or whatever their bank or their lender,
Speaker 6: their mortgage company is willing to do for him. They
Speaker 6: can finance the whole deal period, end of story. And
Speaker 6: that's how most of it works, right, And then they
Speaker 6: can sell it any damn time they want.
Speaker 2: Let's just get right to time, anytime they want.
Speaker 6: They could sell it three months later and make ten
Speaker 6: thousands if they wanted to. But can they use their
Speaker 6: own realtor at that point? Sure they can, they can
Speaker 6: do whatever. I guess what I'm trying to get through
Speaker 6: to people is I don't want to overcomplicate it. It's
Speaker 6: pretty damn simple. And they're only paying you, what, four
Speaker 6: hundred bucks a year?
Speaker 7: Yeah, he want six hundred, which is the same as
Speaker 7: four when you see all they're getting. But yeah, but
Speaker 7: that's what I'm saying, Bucks, it's no big money to us.
Speaker 2: Six hundred dollars that you know, and that that's.
Speaker 1: And you don't care what lender they use.
Speaker 7: Not really, we do have our lenders set up because
Speaker 7: they'll work all fifty stags.
Speaker 1: My question but they can use whoever they want. Absolutely,
Speaker 1: they pay cash.
Speaker 2: They could pay cash.
Speaker 6: Yeah, I understand you probably got deals set up with
Speaker 6: everybody with their filters with.
Speaker 2: Banks, and that's the turnkey.
Speaker 1: But they don't have to use those absolutely do not.
Speaker 2: The consumers are free to bring in.
Speaker 6: How about if you have property right now, an investment property,
Speaker 6: and you're sick and tired of all the rule changes
Speaker 6: in Colorado and Colorado in general, and you don't want
Speaker 6: to have to pay all the capital gains?
Speaker 1: Can you help through that aspect?
Speaker 7: Mark, We're doing that every day right now this week,
Speaker 7: three three callers, three listeners of this show you know,
Speaker 7: have called us. We're listing their property reduced commissions. Why
Speaker 7: because it's bulk great, it's part of the team, it's
Speaker 7: a big deal. So we save them thousands of dollars
Speaker 7: in commissions. But again, you bet. So many people are
Speaker 7: smart and leaving the Denver market, and typically Denver Metro,
Speaker 7: they're selling one property and buying two or three.
Speaker 6: And so once again, it's your property, it's needed in
Speaker 6: your name.
Speaker 1: You can do whatever you want with it.
Speaker 6: And I could walk in with an all in one
Speaker 6: loan where I have a three years love the line
Speaker 6: of credit, love the all basically, still have access to
Speaker 6: the money, have the house that you found for me,
Speaker 6: and have a renter that's paying rent, and then if
Speaker 6: I need to cash, I don't have to sell it
Speaker 6: right then because I've got the all in one loan yep.
Speaker 7: And if you don't have a line of credit, you
Speaker 7: could use your four oh one K or IRA all
Speaker 7: of those.
Speaker 12: That was my question. Better.
Speaker 11: So if I take money out of my four o
Speaker 11: one k oh my IRA, do I pay taxes on that?
Speaker 11: Or because I'm purchasing a property, is there no tax consequences?
Speaker 6: You get basically someone that monitors it, and it's an
Speaker 6: outside company that I'm sure Barry's got some suggestions for
Speaker 6: you and your four oh one K.
Speaker 1: You're not going to be uh, You're not gonna have
Speaker 1: any issues with it. You're basically that's my question, no
Speaker 1: tax consequence.
Speaker 12: Okay, thank Rry.
Speaker 7: Going well, I say Wave eight Wealth Management can handle
Speaker 7: such things.
Speaker 1: Yeah.
Speaker 8: Yeah.
Speaker 6: Basically what happens, doc, is you get a fiduciary that
Speaker 6: agrees to the investment. Now, if you can't find one
Speaker 6: that agrees to the investment, they think it's too risky
Speaker 6: or outside the scope of retailirement account. Then they might
Speaker 6: not do it. They might but in general, but in
Speaker 6: general they're going to sign off on it. I've actually
Speaker 6: bought property, a commercial building to give you an idea,
Speaker 6: using some of my retirement money and then some just cash,
Speaker 6: and the retirement money wasn't affected at all. When I
Speaker 6: finally sold the property, made money and put it back in,
Speaker 6: it went right back into an IR.
Speaker 11: I would assume that most people don't have seventy grand
Speaker 11: lying around their checking account, so most likely they would
Speaker 11: be taking it from their IRA or four to one cake.
Speaker 6: That's most people that this investment is good for would
Speaker 6: have seventy grand laying around.
Speaker 1: I don't think I would think that.
Speaker 6: I mean I don't necessarily think they have to go
Speaker 6: in their retirement. I think a lot of people might
Speaker 6: have already had rentols to begin with, like Bo, Deputy
Speaker 6: Bo has rentals and he wants out of Colorado, so
Speaker 6: basically Barry's help.
Speaker 7: They're working with Bo, etc. And then a lot of
Speaker 7: people have equity in the home their primary residents. Yeah,
Speaker 7: and they're borrowing from that.
Speaker 1: All right, we got to take a break.
Speaker 6: Listen open lines three oh three seven one three eight
Speaker 6: two five five any questions about this or anything else?
Speaker 1: Three zero three Martino.
Speaker 5: Go with a sure thing Denver's best roofer Excel Roofing
Speaker 5: dot com.
Speaker 1: 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 Remax Alliance three
Speaker 5: oh three nine two zero sixteen twenty two.
Speaker 6: You know something interesting is when I leave here, I
Speaker 6: usually tune in, Okay, listen to this even when I'm
Speaker 6: coming here. I live in Franktown and we're in the
Speaker 6: dts see that's where the mothership is. And I lose
Speaker 6: the AM signal a little past Castle Rock because I
Speaker 6: go down towards Frank down that hill.
Speaker 1: You know what. I just found this out. Check it out.
Speaker 6: If you haven't used the new redesigned iHeartRadio app. It's unbelievable.
Speaker 6: You can actually save k how and that's what I do.
Speaker 6: I save this station right here k How on the
Speaker 6: actual app. And not only I'm not listening in AM,
Speaker 6: but I'm listening in FM on the app, and I
Speaker 6: never lose a signal all the way to my house
Speaker 6: and then in the morning coming in listening to Brown
Speaker 6: or like I said, when I leave, I listened to
Speaker 6: Ryan and it's incredible. But if you haven't updated or
Speaker 6: you haven't downloaded the k How app, it's time to
Speaker 6: do it and make sure you said k How. I'm
Speaker 6: telling you that said. It is a preset on the
Speaker 6: iHeartRadio app today. You can find it in the app store,
Speaker 6: of course, or if you have those what are those
Speaker 6: other phones called Apple something? What is it called the
Speaker 6: Apple store? If you're one of those people, you can
Speaker 6: only do that. Three oh three seven one three A
Speaker 6: two five five. I'm gonna go to the phones here.
Speaker 6: We do have some lines open. We've got Larry's got
Speaker 6: a question on real estate with Larry. I promise we're
Speaker 6: gonna come up against a break in about twenty seconds,
Speaker 6: So I'm gonna take you after this, Larry, you'll be first.
Speaker 6: Three oh three seven one three eight two five five.
Speaker 6: Any questions, complaints, any issues you have, We want to
Speaker 6: hear from you after the break. Another hour to go
Speaker 6: right here on the Troubleshooter Show.
Speaker 5: Go with a sure thing Denver's Best roofer Excel Roofing
Speaker 5: dot com.
Speaker 1: You don't pay a cent until you're.
Speaker 5: Contenth time for an insurance check up free, no obligation
Speaker 5: in comparison all Compass insurance paying too much your coverage
Speaker 5: at dozens of insurance companies find out now three all
Speaker 5: three seven to seven to one help. You'll think you're
Speaker 5: his only customer when you choose Frank durand the real
Speaker 5: estate Man dot com to list your home with Remax
Speaker 5: Alliance three all three nine two zero sixteen twenty two.
Speaker 1: Ripped up news you needed.
Speaker 2: That's who you don't have.
Speaker 1: Run as fast as we can.
Speaker 2: Show Shooter's gonna help.
Speaker 10: Come.
Speaker 1: This is the.
Speaker 4: Troubleshooter Show Now Tom Martinez, Welcome, Welcome.
Speaker 1: My friends to the only show of his kind.
Speaker 6: We're here to solve problems, answer questions, take complaints.
Speaker 1: You've been ripped off.
Speaker 6: You need help recouping money, you need help just understanding something.
Speaker 6: We've got a list of experts at referral lists dot
Speaker 6: com that are just great. We have attorneys, we have
Speaker 6: real estate experts. We have pretty much you name it,
Speaker 6: you'll find it referral list dot com. These are people
Speaker 6: we've also background checked, they've signed.
Speaker 1: Our code of ethics. But they're there to help you
Speaker 1: as well.
Speaker 6: So if you do need help, the number simple three
Speaker 6: zero three Martino. That's three ZHO three Martino. Or you
Speaker 6: can always email us at help HLP at troubleshooter dot com.
Speaker 6: That's helping troubleshooter dot com. I got to ask something
Speaker 6: just for the people in this room real quick. Then
Speaker 6: we're going to go to a phone call, but we
Speaker 6: do have some lines open. Three oh three Martino. The
Speaker 6: Menendez brothers, I guess the governor, the great liberal governor
Speaker 6: of California, is doing a risk assessment if they should
Speaker 6: let them out. They murdered their parents with shotguns, if
Speaker 6: I recall, and they shot the hell.
Speaker 1: Out of them.
Speaker 6: I mean, we're not talking one shot. And through the
Speaker 6: whole trial they lied about it. They said that someone
Speaker 6: broke in it first, and then ultimately everybody figured out
Speaker 6: what was going on and it was them. And then
Speaker 6: after that, at least according to a documentary I watched,
Speaker 6: after that, while they're in prison, they start talking about
Speaker 6: how they were abused. So the father was sexually abusing them.
Speaker 6: But once again, this is so after the fact.
Speaker 1: This is this is after they said they had nothing.
Speaker 6: To do with the murder, and they never told anybody apparently,
Speaker 6: and now they're thinking of cutting them out of jail.
Speaker 6: So the two questions that I'd like to hear you guys.
Speaker 1: Just your thoughts on it. I guess I'll do them
Speaker 1: one at a time.
Speaker 6: But one, let's say the father or for that matter,
Speaker 6: the mother did sexually abuse or even just abuse.
Speaker 1: I don't even know what the allegations are anymore. I
Speaker 1: think they're.
Speaker 6: Sexually But even if they did do it, is that
Speaker 6: a greenlight to take a shotgun to the mother and
Speaker 6: the father. I'll go down that road because it was
Speaker 6: both of them, and the argument would be the one
Speaker 6: knew it was happening even though the other was doing it,
Speaker 6: I assume, and blast them like twelve times each and
Speaker 6: spread their brains all over the room and then.
Speaker 1: Cut them free.
Speaker 11: Oh well, my question first to me, how old were
Speaker 11: they when this occurred?
Speaker 2: They were twenty about they weren't.
Speaker 6: I don't think they were kids because they went directly
Speaker 6: to jail.
Speaker 1: Don't pass go they were adults.
Speaker 6: Yeah, and they never said anything as far as what
Speaker 6: I knew about what their parents were doing to them.
Speaker 6: It's not like they went and told an uncle or somebody, right, right.
Speaker 1: So what are your thoughts? Doc?
Speaker 11: Well, if they were adults, you make them serve the
Speaker 11: sentence that they were given at the trial.
Speaker 6: Well that's forever. I mean, that's basically I'm trying to
Speaker 6: see how old they were. Wow, they were born in
Speaker 6: sixty eight. That doesn't help me. Uh, Menendez when they
Speaker 6: killed parents?
Speaker 1: What the hell did we do before Google?
Speaker 11: Like?
Speaker 1: Man, what did we do?
Speaker 5: Like?
Speaker 1: How would I know?
Speaker 6: How would I possibly find out how old Eric Menendez
Speaker 6: was when he killed his parents? It happened, you know,
Speaker 6: I think it happened like in nineteen ninety.
Speaker 12: You have to go to the California Penal records or.
Speaker 1: Or you'd have to get one of those fish tapes
Speaker 1: at a library for the Media Britannica. So one of
Speaker 1: them was twenty one and one was eighteen.
Speaker 2: Yeah, what did I say? Eighteen twenty number?
Speaker 1: Grocery stores used to give those out.
Speaker 6: I remember you could get those little green stamps and
Speaker 6: if you collected enough of them where you shopped would.
Speaker 2: Give you SNH stamps.
Speaker 11: I would give you two years mark selling those things. No,
Speaker 11: I was doing program analysis for that company. Oh my
Speaker 11: SNH the snah my first programming job.
Speaker 2: I'll be done.
Speaker 1: That's great.
Speaker 6: I just remember I worked in a grocery store. I
Speaker 6: was probably seventeen at the time, and I remember people
Speaker 6: getting you know, they'd come in once a month and
Speaker 6: get a through f or.
Speaker 1: Whatever the hell they were selling. It's crazy. But what
Speaker 1: do you think on that?
Speaker 7: Well?
Speaker 6: I I And by the way, who you're listening to
Speaker 6: is Barry Miller. He's with Vestair Turnkey. In fact, we're
Speaker 6: gonna Larry's got a question on real estate in a second.
Speaker 2: And me, Barry Miller.
Speaker 7: I have some very first hand experience in my family
Speaker 7: with terrible abuse of type situations. My heart goes out
Speaker 7: to all of them, including the Mendez. I don't know
Speaker 7: if it was both of them or one of them
Speaker 7: both okay that was sexually assaulted.
Speaker 2: As one of them. I believe one of them was okay,
Speaker 2: but I know that is the.
Speaker 7: Wrongs they did. Killing is still blatantly wrong. And I
Speaker 7: end up at the same spot they should get the
Speaker 7: same selling.
Speaker 2: Through everything, even going through everything. Now.
Speaker 7: Can they have a lighter sentence, Can they have some
Speaker 7: kind of mental support, maybe not spend all years in jail. Maybe,
Speaker 7: But they've got to be punished for the wrong they did.
Speaker 7: You can't just blame it on sexual abuse after the
Speaker 7: fact or the trauma.
Speaker 6: How would you actually prove any of it happened.
Speaker 7: That's the tough part, you know, It's almost impossible. It's
Speaker 7: almost impossible if.
Speaker 11: Not if they had been like thirteen and fourteen. I
Speaker 11: can understand that thirteen.
Speaker 1: And fourteen, I don't think they'd have a life sentence, right.
Speaker 11: But they also wouldn't know how to deal with it.
Speaker 11: They wouldn't know who to go to.
Speaker 1: Agreed to one hundred percent.
Speaker 11: Yeah, But these these eighteen and twenty one were old
Speaker 11: enough to deal with it in a nonviolent way.
Speaker 6: I just don't understand why Newsom or any governor would
Speaker 6: be just kind of looking into it. I remember when
Speaker 6: our governor. I think it was Hicck and Looper. God,
Speaker 6: I'm kind of dating myself. I think it was Hicck
Speaker 6: and Looper, but we had who was the guy that
Speaker 6: shot up the chuck E Cheese pizza or was it showbiz?
Speaker 6: I think it was Chuck E Cheese, Nathan dun Lap,
Speaker 6: Lathan dun Correct, Nathan Dunlap, and he got I mean,
Speaker 6: this guy walked in and blasted people, and he had
Speaker 6: he had the death sentence. And I think it was
Speaker 6: Hick and Looper that basically said, I forget.
Speaker 1: It, We're not going to do that. I just find
Speaker 1: it crazy. Well, I'm interesting.
Speaker 23: I have an interesting point on this because being from California. Yeah,
Speaker 23: and in nineteen eighty nine, I was a senior in
Speaker 23: high school.
Speaker 1: Oh when the thing went down.
Speaker 23: When the Menendez brothers went on. I think you're missing
Speaker 23: a very key point that after they killed their parents,
Speaker 23: they went on this enormous spending spree big time, and
Speaker 23: they bought Ferrari's, they bought everything, designer everything, their dad.
Speaker 6: My understanding was pretty strict. Even though they were from
Speaker 6: a very wealthy family. They weren't driving around in that stuff.
Speaker 23: No, absolutely not. But the other thing about this trial,
Speaker 23: and in California, that's all you got twenty four hours
Speaker 23: a day like OJ almost very much so, and it
Speaker 23: also catapulted court TV and their reading.
Speaker 1: The biggest for that was definitely O Jess. So I
Speaker 1: just wanted to make that point now that's a good point.
Speaker 6: I remember actually watching the oj trial in the nineties
Speaker 6: I believe the early nineties, and it was amazing.
Speaker 1: It was like a soap opera or how you.
Speaker 6: Know, old people from Oklahoma would call it. It was
Speaker 6: like the stories and watching it was just amazing. I
Speaker 6: learned a lot about our legal system. I learned a lot, man,
Speaker 6: I learned about showmanship. You can think whatever you want
Speaker 6: about the trial in the outcome, but to tell me
Speaker 6: Johnny Cochrane is not it was, I guess he's passed away.
Speaker 1: But I mean he must.
Speaker 6: Been one of the best criminal defense attorneys to walk
Speaker 6: this planet.
Speaker 12: No question.
Speaker 11: I'm just going to say one thing, Mark, I can
Speaker 11: understand Hick and Lupa be morally opposed to the death penalty.
Speaker 12: Yeah, actually, let me finish.
Speaker 11: Anybody can be morally opposed to it, But if you
Speaker 11: commute it to life in prison without parole, I can
Speaker 11: certainly understand that.
Speaker 6: I see, Okay, So that's fair. Well, okay, I like
Speaker 6: how you both say it's fair. I don't think it's fair.
Speaker 6: As a taxpayer, I don't want to take care of
Speaker 6: somebody for forty years in prison at one hundred thousand
Speaker 6: dollars a year or whatever ridiculous amount we throw at
Speaker 6: the average inmate, compared to what seventy five cents of academy.
Speaker 11: What are the point that you can't You can't argue
Speaker 11: with somebody's moral stance.
Speaker 6: If they can, I can argue with you can argue
Speaker 6: with the understand if someone killed my daughter, if someone
Speaker 6: killed my son, if someone killed my wife, I would
Speaker 6: argue all day.
Speaker 1: They should have a bullet in their head.
Speaker 11: Absolutely, But there's a difference between personal and objective. If somebody,
Speaker 11: if somebody kidnaps someone you love or I love, I
Speaker 11: would pay the ransom and a heartbeat. But if you
Speaker 11: ask most people, should we negotiate with terrors?
Speaker 1: Agree?
Speaker 6: They say no, agreed. That's that's a good point there.
Speaker 6: All right, let's take this call. By the way, three
Speaker 6: o three seven one three eight two five five three
Speaker 6: oh three Martin know, hey, Larry, what is your question?
Speaker 20: Sir?
Speaker 24: Yeah, hey, by the way, great job everything you do, Tom,
Speaker 24: And uh, yeah, I was I heard all the talk about.
Speaker 25: The U during real estate.
Speaker 9: That's sarahs and.
Speaker 25: Buying real estate, and so that's Sarah.
Speaker 2: Okay, that's it.
Speaker 25: That was kind of just wanting more information, But I
Speaker 25: guess that question would be. One of my problems is time,
Speaker 25: So I don't have the time to deal with the
Speaker 25: real estate or deal with the rental.
Speaker 1: Or Hey, Larry, I got a question.
Speaker 6: I got a question for you before we dive in
Speaker 6: to your question.
Speaker 1: Is that fair?
Speaker 12: Sure?
Speaker 6: How much did you hear about last hour us talking
Speaker 6: about Vistaia? How much, like would you.
Speaker 1: Say, ten minutes, ten minutes?
Speaker 6: And what did you take? And I'm doing this so
Speaker 6: I get better at this. What did you take out
Speaker 6: of it? And I mean it, if you had to
Speaker 6: describe what you were listening to, I would love to
Speaker 6: know what you retained and what you heard about what
Speaker 6: we were talking about.
Speaker 1: And I'm being dead serious.
Speaker 24: Okay, sure, yeah, it was the last about the last
Speaker 24: five minutes. But I heard that you could get rid
Speaker 24: of some of the complexity of buying real estate. I
Speaker 24: heard that you could possibly use your parol and kves
Speaker 24: to doing nothing right now and I can't touch it
Speaker 24: from my perspective to purchase. Also, I heard, you know,
Speaker 24: but like I said, they would deal with some of
Speaker 24: the red tape we have. That's kind of what I
Speaker 24: got from it, which sounds very appealing.
Speaker 1: What do you what do you what.
Speaker 24: Did you mean by red tape, the red tape of
Speaker 24: of all the title company, of.
Speaker 9: The being dealing with fixing, you know, doing some of
Speaker 9: the getting a house ready, selling house, all the whole deal.
Speaker 24: Maybe somebody that would just the whole turnkey asking.
Speaker 6: Yeah, okay, hold on, man, I got to take this break.
Speaker 6: We'll come back and then we'll dive into it. Three
Speaker 6: oh three Martino.
Speaker 5: Go with a sure thing Denver's Best roofer Excel Roofing
Speaker 5: dot com.
Speaker 1: 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: 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: All right, three oh three seven one three A two
Speaker 6: five five. I don't want to I don't want to
Speaker 6: go down a rabbit hole on vester Era.
Speaker 1: And here's what I mean.
Speaker 6: There's so many questions and I and I always think this, Barry,
Speaker 6: it's impossible to explain in a second. So people really
Speaker 6: do need to call you. But for that guy, he
Speaker 6: had to go, which is fine. D I promise I'll
Speaker 6: get to you in a second. By the way, we
Speaker 6: do have a couple lines open three oh three seven,
Speaker 6: one three eight two five five. But I really want
Speaker 6: to lay out how it works. They make a phone
Speaker 6: call to you and you'll go over this stuff. But basically, Barry,
Speaker 6: the guy sitting next to me for thirty years or longer,
Speaker 6: how long.
Speaker 2: Have you been doing it doing vest era, Well, how.
Speaker 6: Long have you been finding hot pockets in the country
Speaker 6: and buying properly over and making money over forty years?
Speaker 6: I don't care if you called it one two three LLC.
Speaker 6: You've been doing it a long time time, Okay, So
Speaker 6: over this forty year period of time, Barry's got this
Speaker 6: secret sauce to find hot pockets. One of the ways
Speaker 6: I described that when people ask me, he might have
Speaker 6: information that SpaceX is moving from California to Corpus Crispy Texas,
Speaker 6: Corpus Crispy Cornflake Texas wherever. Here's my point, though, he
Speaker 6: gets that kind of information and even if it's public knowledge.
Speaker 6: I'm not saying he knows somebody in SpaceX, but he
Speaker 6: does the research where the jobs are coming, where the
Speaker 6: homes are going to start appreciating quicker than other areas,
Speaker 6: And in almost every area homes do appreciate. The key
Speaker 6: to that aspect is finding the growth spots that are
Speaker 6: going to happen quicker.
Speaker 7: Correct and then it's growth spots within the growth spots,
Speaker 7: and it's.
Speaker 6: Growth spots the nice neighborhoods, the nice school districts. It's
Speaker 6: like saying Denver Metro, there's a big difference between you know,
Speaker 6: downtown Hell as I call it, and going out to
Speaker 6: Highland's Ranch or Castle Rock.
Speaker 7: Three hundred different neighborhoods is typically the number for Denver.
Speaker 7: One hundred and twenty five different neighborhoods for Colorado Springs.
Speaker 7: Not all of them are at any means they're appreciating
Speaker 7: at the same rate. We want the best, small, popular,
Speaker 7: but the best for three years. Mark not a flash.
Speaker 2: In the pan. And Larry, who had.
Speaker 7: His question, is it okay I talk about I have
Speaker 7: an hour long Saturday show. Oh right here in the
Speaker 7: same studio eight to nine o'clock in the morning, yes,
Speaker 7: that's where we cover it in more details.
Speaker 6: Get more depth, and we'll give that information out again.
Speaker 6: But after he finds that neighborhood and dials down the area,
Speaker 6: and it's not going to be in Colorado, Colorado, we're
Speaker 6: at the top right now, We're like California was ten
Speaker 6: years ago.
Speaker 2: We have stupid laws too.
Speaker 1: Oh well, and then the rental laws are ridiculous.
Speaker 6: But anyhow, so he's going to find the right place
Speaker 6: with the right laws, in the right neighborhood, then he's
Speaker 6: going to find the right house.
Speaker 1: A house is ready to go.
Speaker 6: It's not something you got to go in and redo
Speaker 6: the countertops. It is ready to rent out. They're going
Speaker 6: to check out the furnace before you close on the house.
Speaker 6: They're going to check out everything to make sure it's
Speaker 6: a good house. They're going to find a management company
Speaker 6: to collect the rent and make sure the right tenants
Speaker 6: get in there that aren't going to do any damage.
Speaker 6: Then they're going to manage it. You collect the rent
Speaker 6: every single month, you own the property, the deeds in
Speaker 6: your name. You could sell it any day you want.
Speaker 6: There's no there's nothing holding you back from selling it,
Speaker 6: not contractually. Nothing you can sell it period, end of story.
Speaker 6: You can hire you your own realtor you can do
Speaker 6: whatever you want. It's your house, Okay. Then when it
Speaker 6: does appreciate, and this is once again where Barry's knowledge
Speaker 6: of over forty years comes in. He's going to say, hey,
Speaker 6: you know, it's been two and a half years. The
Speaker 6: market's slowing down a little. Here, everything's evening out. I
Speaker 6: suggest we sell it now. You can take to cash,
Speaker 6: or we can look for another area for you.
Speaker 2: Yep, yep. And we have the data.
Speaker 7: Mark that we have the data, and it's a secret
Speaker 7: sauce data where we know when markets are slowing down.
Speaker 7: Before the Real Tour National Association of Real Tours.
Speaker 2: I'm very active there, so I could say what it is.
Speaker 7: Sure they don't know for six to eight to twelve
Speaker 7: months after we know, and we're out of there by
Speaker 7: the time they say, well this is not a good
Speaker 7: market anymore.
Speaker 2: We're gone. We've been gone.
Speaker 6: And then the other question he had, he said his
Speaker 6: four oh one K wasn't doing anything.
Speaker 1: So here's a couple of things.
Speaker 6: One, if you work for a company and you still
Speaker 6: have an active for a one K, you're not going
Speaker 6: to be able to use that four A one K
Speaker 6: money for this most likely there might be some companies
Speaker 6: out there that might allow it, but in general, if
Speaker 6: you work for Walmart or Sears, you're either in there
Speaker 6: fur a one.
Speaker 1: K or you're not. They do the match.
Speaker 6: But if you have an orphan for a one k
Speaker 6: that you haven't converted into an IRA, once you get
Speaker 6: it to there, once you get into that IRA money,
Speaker 6: these guys can help you to where you're not going
Speaker 6: to have tax consequences investing in this real estate and
Speaker 6: basically still have a IRA.
Speaker 7: Correct correct, And if you have to borrow from your
Speaker 7: own IRA money, okay and pay that borrowing fee. We
Speaker 7: calculate that and say, well, okay, your gain, your annual
Speaker 7: gain won't be forty five percent per year, You'll be
Speaker 7: a thirty six percent.
Speaker 6: Then, if you're a landlord listening, and by the way,
Speaker 6: Barry's all over the country, like I said, we're not
Speaker 6: just talking places in Colorado. So if you're a landlord
Speaker 6: listening to this podcast or on YouTube or listening right now,
Speaker 6: and you want to get out of Colorado and you've
Speaker 6: got a few rentals here, he can help with the
Speaker 6: ten thirty one exchange, meaning you don't have to pay
Speaker 6: taxes on whatever appreciation you would sell that for.
Speaker 1: You can roll it over into a new property.
Speaker 6: For that matter, you might be able to take one
Speaker 6: that's appreciated over the last twenty years in Denver.
Speaker 1: Hell, you might have made a half a million.
Speaker 6: Bucks without blanket on that one and turn that into
Speaker 6: ten properties around the country that amount of money without
Speaker 6: having to pay taxes on that game you made using
Speaker 6: the ten thirty one exchange. So I mean, I think
Speaker 6: that's it in a nutshell. Now, let me ask this.
Speaker 6: It's vest era turnkey. We just went all through that.
Speaker 6: So let me say that vestraturnkey dot COM's the best
Speaker 6: way to get info vest eraturnkey dot com.
Speaker 1: Simple as that. Now, d what is your question?
Speaker 3: Hey?
Speaker 2: D Yes, how are you.
Speaker 19: Okay? I have a question about some real estate. If
Speaker 19: someone has a property and it wasn't foreclosure and all
Speaker 19: of that stuff has been done and everything already, usually
Speaker 19: is there any what do you call the money that
Speaker 19: you actually gained from actually the company developing the interest
Speaker 19: over time? Does that go back to the owner?
Speaker 6: I guess I'm not understanding, but let me take a
Speaker 6: stab at what you're asking.
Speaker 1: Were you foreclosed on.
Speaker 19: No, not now, A long time ago, okay to me,
Speaker 19: I'm asking.
Speaker 6: Yeah, okay, Well so but at some point you were
Speaker 6: somebody you know was foreclosed on.
Speaker 1: Yeah, I assume they had some equity in.
Speaker 25: The house, right, that's the word, yes.
Speaker 1: Equity, That's what I thought you were looking for.
Speaker 6: So, example is someone forecloses on a house that is
Speaker 6: worth a half a million and you only owe four
Speaker 6: hundred thousand on it. They foreclose, it goes up for auction,
Speaker 6: and they get a half a million for it. Are
Speaker 6: you asking, are you supposed to get that hundred thousand?
Speaker 19: Well, I guess if that's what what is the value
Speaker 19: after the foreclosure that.
Speaker 1: Would be you would be absolutely correct.
Speaker 6: You got to throw in attorney's fees and court cost
Speaker 6: and whatever goes into that.
Speaker 1: But you're absolutely correct.
Speaker 6: I can't foreclose on you for a four hundred thousand
Speaker 6: dollars debt because you haven't been paying, and then sell
Speaker 6: the house for a million dollars and give you nothing.
Speaker 6: It just simply doesn't work that way under almost all circumstances,
Speaker 6: but not all.
Speaker 19: All right, So how come the county doesn't tell people
Speaker 19: when when that's done?
Speaker 1: What do you mean by that, they don't they how
Speaker 1: much do you know?
Speaker 6: I mean, I'm just going to ask Marry this because
Speaker 6: some of the uh, the rule changes.
Speaker 1: What county are you in or what county are we
Speaker 1: talking about?
Speaker 19: What timeframe is that? What you said?
Speaker 8: No?
Speaker 1: What what is it in Colorado?
Speaker 19: Yes, just in Colorado, in Ontario County.
Speaker 6: So on a foreclosure in Colorado. I'm just going back
Speaker 6: to the show in two thousand and eight and ten
Speaker 6: where everybody and their mother was facing foreclosure. The county
Speaker 6: at one point, the county at one point would actually
Speaker 6: get involved.
Speaker 7: Well, yeah, but the consumer has to receive written notices.
Speaker 1: Yeah, of course.
Speaker 7: But she's sounded like somebody didn't know they were being
Speaker 7: so closed.
Speaker 19: The point they weren't notified at all. It just happened
Speaker 19: and they wouldn't notify that it's going to be foreclosed.
Speaker 6: Well, what do you say, They're not being notified. The
Speaker 6: notices would generally go to the property address.
Speaker 19: Well, that's what I'm saying. There was a management company involved,
Speaker 19: if I'm correct, if I remember correctly, But no people
Speaker 19: work for taxes or for anything, so the people can
Speaker 19: utilize whatever it is that they have to pay pay
Speaker 19: taxes for that time period that the property may have
Speaker 19: accrued and all that sort of thing, and got no
Speaker 19: notification whatsoever, absolutely none from anyone.
Speaker 6: Are you saying that you didn't get information, for example,
Speaker 6: on how much it ultimately sold for.
Speaker 19: Yeah, that's correct.
Speaker 6: Well we could look at up. That's not a hard
Speaker 6: thing to look up. Yeah, that'll be public records. So
Speaker 6: is that the only number you're looking for?
Speaker 19: Yeah, that's what all I see.
Speaker 6: Those could be tricky too. And I'm not saying this happened.
Speaker 6: Well I know it's happened, there's no doubt about it.
Speaker 6: But you know, it goes to auction on a wink
Speaker 6: wink and someone's brother in law buys it for next
Speaker 6: to nothing, and then six months later they sell it
Speaker 6: for the actual price. I mean, it happens with cars
Speaker 6: and it happens with homes. So but we can tell
Speaker 6: you what it's sold for if you have the property address.
Speaker 19: Oh no, I don't have that at all. So that
Speaker 19: has the county who I supposed to which which division
Speaker 19: of the government that has to notify the owner?
Speaker 6: Well, okay, hold on a second, dragons, hold on a
Speaker 6: sec dragons yelling at me, We'll come back to you,
Speaker 6: right after this.
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Speaker 1: Help.
Speaker 5: You'll think you're his only customer when you choose Frank
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Speaker 6: All right, three oh three seven one three eight two
Speaker 6: five five. That poor woman dropped off. I'm not sure
Speaker 6: what happened there, but the bottom line is there is
Speaker 6: a rule one twenty hearing the county in Colorado. All
Speaker 6: I'm talking about is Colorado. The county's going to actually
Speaker 6: notify you of the foreclosure. Now listen, if you don't
Speaker 6: live there and have a management company or whatever she
Speaker 6: was trying to explain, well, you might have not gotten notification.
Speaker 6: But the county and of course the lender will both
Speaker 6: send notices. They have to send notices to the house.
Speaker 6: Then you have a hearing. A hearing a one twenty
Speaker 6: and generally you have one hundred and twenty days to
Speaker 6: basically bail out of the foreclosure. In other words, do
Speaker 6: a short sale and pay off the loan, or take
Speaker 6: a second or some kind of four barans or something
Speaker 6: along those lines. But if you can't figure any of
Speaker 6: that out, then it goes to auction. If it goes
Speaker 6: to auction, whoever bids the highest actually gets the property.
Speaker 6: But usually the lender will start the bidding at exactly
Speaker 6: what is owed.
Speaker 1: So if you owe.
Speaker 6: Four hundred and twenty and the house is worth six hundred,
Speaker 6: they're gonna start the bidding at four hundred and twenty thousand,
Speaker 6: and if nobody else buys it, the bank's gonna end
Speaker 6: up with it for that four hundred and twenty thousand.
Speaker 6: Then they can sell it for whatever they want, and
Speaker 6: I believe they don't have to pay you anything, but
Speaker 6: generally it wouldn't happen that way. Generally, someone's gonna say,
Speaker 6: oh my god, that's two hundred thousand dollars lower than
Speaker 6: everything else in the area. We'll go ahead and bid
Speaker 6: and try to get this house. That's typically what happens
Speaker 6: in a foreclosure in Oklahoma. So the notifications were there.
Speaker 6: They don't have to give you personal service on that,
Speaker 6: as far as at least going back years, they haven't
Speaker 6: had to. Hey, Steve, you got a question for Vestera?
Speaker 1: Go ahead, sir, Yeah.
Speaker 14: I was wondering what happens if you have a property
Speaker 14: in one of his markets and the economy tanks kind
Speaker 14: of quickly, like what happened and the nineteen eighties in
Speaker 14: Denver with Hexon.
Speaker 1: Or even two thousand and eight two, well, a couple.
Speaker 6: Or even let's even get crazier than that. Let's take
Speaker 6: something like Flint, Michigan, where all of a sudden the
Speaker 6: water source is bad and everything drops in half.
Speaker 1: I mean, yeah, what happens?
Speaker 2: Okay, A couple of things.
Speaker 7: First of all, first and foremost, the two thousand and
Speaker 7: eight other events were not quick. Okay, even Flint, Michigan
Speaker 7: had warnings. Okay, because if you're researching as we are
Speaker 7: twenty four to seven, there are warnings. However, we also
Speaker 7: say it would have to be sorry to say this,
Speaker 7: ladies and gentlemen, but it has to be a nine
Speaker 7: to eleven type disaster coming out of nowhere with no
Speaker 7: preview intelligence or research able to show it. That can happen. However, however,
Speaker 7: look at Flint, Michigan, look at any of the bad markets,
Speaker 7: look at the Great Recession of two thousand and eight
Speaker 7: to twoy ten, and you will find that a certain
Speaker 7: price of homes, certain type homes, did not go down
Speaker 7: too much and too much they went down. However, if
Speaker 7: you've had a year or two of equity, we're in
Speaker 7: a position to undercut the market and typically sell so
Speaker 7: that you don't.
Speaker 2: Lose from your original price. That's our objective. That's how
Speaker 2: we handle that.
Speaker 6: And here's how I heard that. Hey, things can happen,
Speaker 6: but the chances of it happening.
Speaker 1: Are slim, are very slim.
Speaker 6: It's almost like, well, I wouldn't say it's exactly like this,
Speaker 6: but like, there is a possibility a plus plus life
Speaker 6: insurance company could possibly go out of business. It hasn't
Speaker 6: happened for my god for a long, long, long, long, long,
Speaker 6: long long time. But yes, anything can happen. I can't
Speaker 6: guarantee the earth, I can't get yeah, exactly, I can't
Speaker 6: guarantee we can wake up and have oxygen. But it's
Speaker 6: nice though, Steve that I mean, you own the house,
Speaker 6: you can do whatever you want with it. You don't
Speaker 6: have to hold on to it as long as Barry
Speaker 6: tells you to. You could sell it the next day.
Speaker 6: If you can make a profit on it. God bless you.
Speaker 6: You know what I'm saying. Yeah, yeah, but there's no
Speaker 6: it's like any other investment.
Speaker 1: There's no guarantees.
Speaker 18: The nine to eleven.
Speaker 14: What's a good example, great example the Exon in the
Speaker 14: nineteen eighties. And I don't know if you remember that,
Speaker 14: but within a week or two the whole economy in
Speaker 14: Denver turned around.
Speaker 6: That's before my time. When you say, Xon, I swear
Speaker 6: to God, you're gonna find this funny. I actually didn't
Speaker 6: realize you associated with Denver. I was sinking Alaska and
Speaker 6: the Valdees, and I bet that just destroyed whatever communities
Speaker 6: were there.
Speaker 2: Yeah.
Speaker 14: Well they had a lot of office buildings here and
Speaker 14: they just like all of a sudden moved out and
Speaker 14: the market just really changed, you know that.
Speaker 6: Yeah, Well, not much warning, but that would be that
Speaker 6: That's where you got to kind of leave it up
Speaker 6: to these experts to say, hey, this could possibly happen,
Speaker 6: and to kind of look at the different scenarios out there.
Speaker 6: But I mean, there's really, there's really not much. I
Speaker 6: don't care if it's a stock you buy, I don't
Speaker 6: care what the exception of some annuities, nothing's really safe.
Speaker 6: And like I said, even on some annuities, there's a
Speaker 6: chance that a meteorite hits and you never get your
Speaker 6: principle back.
Speaker 7: I mean, anything can happen, Anything could happen, and doom
Speaker 7: and gloom.
Speaker 2: You cannot over down that you could. Ah, there you go.
Speaker 1: So, I mean it's kind of nuts that way, but
Speaker 1: hold on, we'll be right now.
Speaker 12: Question, how can you wake up dead?
Speaker 1: Well, that's why I said it.
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