They you and try to rent them out and then became one. All right, everybody, this is October 2020. Monthly market update, you guys can find pass reports at simple passive cash flow calm slash investor letter. But let’s get going here, we always start off with a little bit of a free easter egg giveaway. And this month, we’ve actually got two of them. So I created a version of the Miracle Morning for real estate investors, which you guys can go and it’s quick PDF download, change your mornings and achieve your goals. It’s a quick read. To get this email me at Lane at simple passive cash flow calm. And also, you guys can get a downloadable return on equity tracker. So this is what I talk about a lot as one of the most common mistakes real estate investors make where they buy and they never sell. Well, I’m not saying you should sell but you definitely should be either doing a refinance or a HELOC, at least to be pruning that equity off. Because Have you seen it with turnkey rentals, you can make 30% pretty easily your first year, but that eventually tails off as you are your property gets more and more paid off your appreciated property appreciates. The money you make sort of stays the same rents typically increase a little bit but they generally stay the same. But the deployable equity that nominator the question of the equation, right the increases so this makes your return on equity goes down sophisticated investors always read leverage their equity to keep this return on equity high. Of course, let’s not be a bonehead, we have to look at our cash flow levels. But this spreadsheet allows you to figure out where is your lazy equity, you can go and get it at simple passive cash flow calm slash r o E. So here we are, if you guys want to join our community, go to our Facebook group. And you can check us out on I do these slides in the YouTube channel. And also this is recorded for podcasts for

Unknown Speaker 2:08

support passive cash flow podcast but doing it since 2016. First starting off with a little bit of a teaching point this month is even been looking at refinancing a lot lately, all time lows, and people are always asking Should I get a refinance. But we’re always remember, like the lenders are always pushing you to get a refinance. And it may not make sense for you there yet may they may call it a no fee refinance. But all they’re doing is they’re increasing the rate a little bit to kind of hide those fees. So astute investors know that you need to take into account rate and feed and see if it makes sense. There’s always a crossover point, you need to figure out what that crossover point is. But here’s on the screen, here are some rules of thumb on a 6% 5% mortgage and what the payment will be how much you will save, you use that return on equity spreadsheet, a lot to figure out, maybe you might want to just dump the asset and sell it and buy two to 10 more houses or three more syndication deals, creating like a lot more maybe three times and see your cash flow at that point certainly up multiplying your return on equity. Now we’re going to get into the monthly report this month. Some general thoughts on the economy’s takeaways here this past month, encouraging signs of GDP growth, we’ve seen some splurge spending, which is a pent up demand. This is what I think is going to be happened in 2021. Generally, people are shopping people who have got good jobs are looking to spend some money next year feeling get the heck out of their house, of course in a lot of people are struggling. But it’s unfortunate, right? Like you there have the haves and have nots kind of a situation here. Devin, definitely a progressive tool for different asset classes getting impacted very, very differently. I will go into this, this report will also have I’m going to be doing a little bit of a breakdown for different asset classes like office space, mobile, home parks, retail, multifamily, of course. And we’re talking about the real estate sector, and you have different asset classes. And within each of those sub asset classes are as well as sub asset classes where you’re talking about different types of offers, or different types of areas, different types of a Class B class and you can break it down from there. So a lot of news articles, they are very broad, right, because most people don’t dig into this stuff. But my hope is to educate you guys to a point where you haven’t read between the lines and we still wouldn’t be Watts’s. At the very least we’re not just going to read the headline, right? Not always up getting into a point of reading the whole article, but picking out the one line in that article that’s really important that maybe may or may not align with the headline, the clickbait One of the the books that came out of the ITR report that I don’t refer to a lot is if you wait for the macro economy to enter a full fledged recovery, you will fall behind the curve and the ITA report is a paid report that I pay for. And it is one of those that I think it’s a great resource if you guys are looking to get away from the mainstream media, which I think is a lot of garbage. That’s something to go and subscribe to. Also, the Richard Duncan is another great resource that you guys can learn more about down and support passive casserole.com slash Duncan, but budget threats to wash, like the onset of the flu season once the month momentum in total retail sales, what’s the feds doing oil prices? And the thing about I’ve always watched is us intermodal rail traffic, because I worked for what are the four major railroads for about seven years, they are definitely a leading indicator of what goods and services what goods are our big move on the rails, especially the raw materials like the lumber, they they’re a precursor to when the the raw materials first before it gets put into service several months later. So there’s some chitose there in the first half of September, uncertainty regarding unemployment benefits as the next MLS fun is working its way through the system, there’s always going to be risks, right? How else do you get people to watch the news, if there were no risk, nobody would ever watch you. And you wouldn’t have any advertisers on there. But for my syndicator point of view, talking to some of my peers, you hear a lot of rumblings about stimulus burning off, I would say we’re we’re not too concerned about that, especially if you’re, you know, good stable market, certainly away from the States. We were much more worried about the April May 2020. Collections First, the first stage of the COVID coming out how that will get what’s gonna happen pulling up the yardie matrix, one of great data sources out there in their August 2020 report, they showed that multifamily rents increase by $1. In August, over year over year basis, national rates declined by point 3%. And whenever you read this, you got to take it with a grain of salt, right. But they’re combining markets that I would never invest in one city never. But markets like San Francisco, Seattle, New York, the lifestyle asset class continues to be hit the hardest and like so asset class is the luxury stuff again, stuff we don’t invest in, we invest in what they call renter by necessity. So that is, as the name implies, you’re renting because you need to because you can’t afford it in house. So that’s a we like to invest in to provide good quality housing for those folks. So they held up well since the beginning of the pandemic care report with only eight of the top 30 market experienced negative friend growth in August, and also the Bay Area’s die.

Unknown Speaker 7:57

been investing with hp since 2017. To buy distressed mortgages and discounts to offer struggling families sustainable solutions to stay in their homes. When homes were vacant. He recognized that lenders frequently struggled as they tried to limit their losses. That’s why owner George Dewberry founded pre reo, a platform that gets these vacant properties into the hands of local investors like us during the foreclosure process, which mitigates losses to lenders and accelerates returns for investors a win win. I’m very excited about this platform that connects local investors with board appointed receivers in their area to cost effectively repair, lease and maintain and rent vacant homes during the foreclosure process and ultimately make a profit. I’ve been checking out local properties here in Hawaii. And I think it’s a great way finally pick up my home to live in. Even though I think homes, the buyers aren’t the best, you can learn more about pre reo by going to simple passive cash flow calm slash

Unknown Speaker 8:55

v Rio.

Unknown Speaker 8:59

I think a lot of people are running over to the sacramental part of the bay to seem to sum up ticket prices there. But yet people have finally got the group that that great. Second reason to get the heck out of this this overpriced city of San Francisco and the Bay Area. Again, the first was just generally it was too expensive. But now close quarters and a lot of social events are happening. It doesn’t make any sense why stay and why they love the tech couple years there are allowing their employees to go to sometimes next summer to work remotely. Now I will cabinet saying that not all office is out of business. Maybe look at all the places that aren’t tech hubs where you can do remote work, you see that a lot of those events kind of kind of change strong. And I think all of us agrees when maybe not us listening. But definitely in amongst our peers. There’s varying levels of productivity, I think generally would say that Yeah. offices nonpoint man, but let’s start at the top. What they found is that’s usually the feeder that everybody starts out with a single family home. So they typically multifamily not seen multifamily is the best asset class. But it is a great starting point. And that’s is where we will begin. business now reports that class B assets are the sweet spot and we’ll take family right now. And they are CD D showcase in resiliency during an economic downturn. RV business online reports on Marcus and Millichap that won’t take family fundamentals progress as government assisted waves, the kind of blue mesh type of headline article, but hey, I actually read the thing here and I pulled up this where they’re saying July 2020, available supply dropped to the lowest point since 1982. Meaning not everyone wanted to make the leap into home ownership can do so. So a lot of people with the rates low. We saw it we did see a lot of in our more higher end apartments, people opting to go and buy a part of buy a place to live in and moved out, we had a little bit of turnover for that. Obviously, that’s not happening in the B class C class type of stuff more than a B plus a minus type stuff. But getting back to the article for this reason Marcus and Millichap believes Class A garden style suburban rentals with larger square footage and Apple outdoor space will benefit in the future. Or a business also also reports the US economy adds 1.4 million jobs in August. And now unemployment rates return to single digits. So I think we had like a get a Yeah, I mean, it was just a bloodbath in March in April, which makes sense because we shut down the country. But it does seem like we are coming back unemployment rate dropped from 10% 10.2% to 8%. Last month or so property executive reports. And now we’re starting to go into some different asset classes, right. So you can see how things are recovering amongst different asset classes. And us investor takes this into account, I take the standpoint of I’d like to be diversified in all asset classes for at least being able to learn and to know what fields to go into. So that when when the world eventually changes every three years, we kind of move from one asset classes to another. So Blackstone, which is that big fund out there, and which I call smart money. They just bought almost half a billion dollars of hard assets. So they’re a buyer of mobile home parks. Bobby, because mobile home parks, if you ever been to a to one night, they’re not Schiller parks right there, these are pretty nice places to live, they, they’re cheaper. And they are good for people who enjoy their space, right? So they’re very pandemic friendly. Dallas developer from the Business Journal reports that the demick has slowed demand for luxury high rise apartments. Most of us will say no, no duck, commercial property executive now we’re talking about office space here, recreating office for the foreseeable future. So talking about some trends that you’re seeing in office, I think a lot of us see, it seems like a big part of my community lives in the West Coast. And we’re currently seeing what’s happening in San Francisco, Seattle, just got to remember that those are predominantly tech type of

Unknown Speaker 13:34

industry that are using that office, which is not the case in the rest of the country. So some office space needs to be decrease. They say in this article, but some firms are, and I quote twice as much space for social scene is so a firm will double down. There’s gonna be somebody went out of business not using a space so they are acquiring more space that they can adequately deal with their employees with the space he did socially distance. I would say a lot of other places other than tech hubs are realizing that their employees are really useless when they stay at home. And they play with their cat all day long while they’re supposed to be doing work. That’s me, talking to another recent investor saying brought up another point that we don’t have that mentorship. You don’t have that. That transmission of knowledge from senior employees down to junior employees. I mean, just imagine if you were coming out of college and your first day at the job was oil back at your house. That ain’t good at all. I think this whole trend is pretty temporary. But I also have the five word where are they building stuff right so Manhattan, Chicago, Boston, Los Angeles, Washington DC is where the inventory is happening. Here are where your tech your we call them assume communities because of the reliance on Zoo or just working from home. Starting at the top, San Jose, San Francisco, Los Angeles, San Diego, Denver, Salt Lake, Seattle, Portland, Sacramento, all those are West Coast tech hub cities and not until we get to the eighth or ninth position to be see Boston Austin, Washington DC New York, Phoenix, Minneapolis St. Paul. So what we’re seeing in these those are the top areas where most people are telecommuting began you don’t a lot of tech hubs again, pointing that out. Multi housing news reports American landmark denser begins Orlando developments now we’re talking about hotel stuff like tourism type of stuff. So I don’t know too much about hotels and leisure and like the high end stuff like that one, I I know that it’s very it does really well, good times, people were flying high with their short term rentals. But depending where you are, you could be shut down. Another article with Blackstone right? The Smart Money guys. So blacks Wall Street Journal reports that Blackstone is ready to lend after basic record property debt fund. So they are ready to get after it, which shows the Smart Money is acquiring Blackstone, they just bought back a billion dollars of mobile home parks. Now they’re loading up to people going after Warren properties. Yeah, I mean, it’s funny, right? Why is the smart money to eat this. But why is everybody having the same line of Oh, I want to see it how I want to see a vaccine first, or I’m uncertain, or I want to see who wins the election. Just making the observation. Commercial Property executive reports that ball dry giant strikes a $80 billion deal for JC Penney for Simon group. So the mall is buying JC Penney, and most of us know that JC Penney is the cleanest place to shop. And I don’t I’m not a big fan of commercial, retail, storefront type of stuff are certainly not walls. I think that they’re slowly going away. I don’t think e commerce is here to take them out in the next five years. But I think it’s a lowering trend. Like I don’t think people are going to use ATMs anymore. I just generally don’t agree with Yeah, that kind of usage. But I’d like this, this article is cool, because it’s like, people make make money. Real investors investment. There’s blood in the streets. And Who woulda thought buying a JC Penney, but I hope Simon does really good with it. Right? I mean, that’s what people talk a lot about, like all these guys not paying taxes. Well, they’re the guys who invested the year to before I wouldn’t when they put in extra funds to be able to deduct in the next tax year. Right. They kind of deserve deserve the text funds, because they’re the ones getting the reinvestment, when most of the country are just sitting around waiting. A couple articles here on a couple of asset classes. We don’t talk about too much senior housing, reads take stock a month added turbulence not it was aren’t going too well in senior housing, because if you had a senior housing, you probably stricken with operational costs, having to wash things every 50 seconds or whatever, right? I mean, there’s just more operational costs. And people think people ask me all the time, what I think about assisted living, I think it’s great. Silver wave is coming. But it’s not a real estate, investment. It’s a business, it’s no different than investing in a Burger King, or some other franchise. I kind of stay out of that type of stuff, operational businesses, preferred apartment communities exits student housing market is. So you have a big week, China unload some of their apartment communities for student housing. And again, student housing. I never liked it. I just never really liked catering to one little full for such as students. I would I prefer to go after workforce housing, because that’s the largest competition and so the message here is to stick to the basics. And the last asset class I’m kind of talking about today is if you’ve been watching, like a lot of TV, maybe you’ve been seeing the new Dave and Busters commercial, which I think is probably my pick of the Year for best advertisements on TV, but they have this like Asian girl who is a really good actor, she portrays herself as having a very low self esteem. She does that Dance Dance Revolution game every time she does a great step. She’s like, because Perfect, perfect, which makes you kind of want to go to Dave and Busters and play around and play some video games, but apparently they’re spending all that money on advertising. To get me to do that, because inner busters reports 85% dropping 40 revenue source with bankruptcy.

Unknown Speaker 20:09

So I don’t know, maybe the advertisements just last ditch effort. Or maybe it’s just a really good commercial and it got my attention. For those of you guys listening, watching on the YouTube channel, I have a 3d map from how much dotnet of the US cities with the highest economic output. And it’s kind of a cool 3d map with bunch of cones, and each cone represents how much money is being generated there. And, of course, New York, Boston are kind of the financial centers. But some of the surprising ones well, Chicago’s there to Los Angeles there to think surprisingly, is San Francisco is really not that big. Oh, it’s only half of 540 9 billion were of Los Angeles is $1 trillion. Houston is half a billion dollars. And Dallas has half a billion dollars, which is equivalent of San Francisco. But not not saying that these are the places you want to invest, but sometimes you just have to look where the money is going. Housing why reports that the Fed expects low rates to the year 2023. And I think we’ve seen pretty much rock bottom rates for the last was like, five, six months now. So they released the statement once they were all 17 members of fullback, which stands for the Federal Open Market Committee. He said that they expect to keep the central bank’s bank benchmark rate near zero at least next year and 13 estimated it would stay there through 2023 a little bit of a pop culture here. So ti the rapper I think he went to jail for a little bit a few years back but now he’s back out and he’s urging people to ditch cargar Cartier watches and believe baton sway to buy property instead. I don’t know if he’s talking about like we’re gonna stay for rentals or just buying it but we were he’s saying we were actually as a kind of a cool voice so I’m gonna tell it in my tea. I was we were just in a studio having discussion I just felt the need to actually that’s not very good. So he says that it’s just the Share it he says in the clip all y’all getting that money from the government. Eight no more partiers and eight or Todd’s you got to get some property please. Please y’all will get some property. So listen to TI get some property, lower interest rates. If you guys are looking for your first rental property, turnkey rental remote rentals. We got the group for that that’s the revolt investment debater and you can also check out the E car so you just want to study alone, I guess. Simple passive cash flow.com slash debater. And if you guys are more of our credit investor want to build your network with other credit investors to stay close to the in crowd to know who to work with what to do, how do you do your taxes, go to support passive cash flow calm slash journey and live for our group there. This is the part where I go over my little personal updates this past month and always trying to improve myself and the first one is growth. So I found this little article here that I tried to apply by this month. It’s from that episode or love it or even first first tip here is being quite passionate towards yourself. It’s okay to not be okay. And I think I put this in here because with the whole pandemic, there’s a lot of people out there having a hard time. You know, especially the extroverts, right, they want to be out there, people shaking hands, hugging people, maybe the introvert out there happy plans, maybe they’re not they never know, but yet just be more compassionate towards one another. Tip number two, develop a routine. Engage with search at anchor points or actions throughout the day to help route you. Sometimes I make myself go crazy. I feel like every day is the same I get a check. We do the same thing. I like routine. Number three, consume media that helps detach. Helps you detach from reality take a break from what is overwhelming you. It’s okay to distract yourself. I think unfortunately, he’ll do this a little bit too much. It’s think this one is assuming that it’s a minority part of your day. Before solve problems in your everyday life. Doing this can help with small barriers that can add up and increase the feeling of overwhelm. So what I personally do is once a week I kind of take inventory of my bigger projects. I have and likely I have

Unknown Speaker 25:02

probably been on my list for two or three weeks at that point. And I try and break it down into little steps. So try that out, see how that works. On number five, be grateful for the things that you have, it can lift your spirits, and the spirits of those who receive gratitude and gratitude. If you Google that term, and you look for all these articles on it, it is definitely one of those hacks out there. Or if you just change your mood and outlook, instantaneous, you share how you are struggling. So everyone is struggling in some way or another suffering is universal, and reach out to other people. And maybe they can empathize with you. Or maybe you might find somebody who’s struggling even more you can help them. But think you’re you guys aren’t alone. That’s why we stress community in our. And yeah, I’m a little wary, I say if you need something, let me know.

Unknown Speaker 25:53

But I talk to your circle of friends,

Unknown Speaker 25:55

right? I mean, or, and I think reach out to people in your circle, see if anything is going wrong, and just audit a little bit. So why we got contribution, we have over 350 investors in the investor club, and hopefully a year like they’re all on the road to financial freedom, investing in real assets, where they know the people they’re working with, and not getting screwed over by retail investments that may just make Wall Street rich. How am I going to get your significant system this month? Will I’ve been times I’ve been trying to be like Simon properties and trying to by being a little bit of a venture investor. I’m not buying JC Penney, I wouldn’t do that personally. What I am looking to, to invest in things that are definitely I think if people hear about it, they definitely agree to have a teacher reaction. For those who are closer to be in my community, certainly in my mastermind group reach out, I shall explain. Some big things come in, I have a little bit of uncertainty out I get a little bit of spice in my life. Well, I joined a second mastermind currently in a real estate mastermind, called the collective genius where I rub shoulders with a lot of high performing real estate investors and operators. But I’ve joined a second mastermind that is more entrepreneurial, it’s a it’s a digital online mastermind. A lot of high performers really cool actually got a really a lot of good ideas to have my next mastermind, which we are looking to have it in January, I’m still on the fence a little bit if we’re going to have it with all that is happening in Hawaii and how people are generally a little bit conservative up here. And we are a little bit behind the rest of the US mainland in terms of pronoun cases. But I got a lot of really original ideas and creative ways to use that platform. It takes a little bit of planning, but I kind of think I can make a better event virtually, then online. How did I get a little bit more certainty in my life? Well, during that mastermind, we had Derek Silver’s gave the keynote. And one quote that came out of that was scarcity comes clarity. So I think a lot of people suffer from abundance of choices. And maybe I did that in the last 30 minutes where I overwhelmed you with multi family assisted living, David busters, office retail, I’m missing some. But yes, so many choices to invest in. This is very synonymous with often markup. Gladwell is the book, The Paradox of Choice. The more choices you have, the more unhappy you are. When things are simple, you feel like you’ve made the right choice. And whether you make the right choice or not, you’re happier. So I think in terms of investing, just try and find deals that cash flow better at good areas. That’s my thesis these days, and lock it up with good debt. That will be your friend when inflation, inflation ultimately comes. But I just try and keep things simple and look at one thing at a time. A lot of investors get overloaded with choices, pick one and go deep. Don’t be one of those investors that just kind of looks at MSA data, or Oh, yeah, in industrial properties are good or office space is bad, or what they found me is good. You got to dig a little bit deep. And I think the only way to do that is to grow your network around you. I was just talking with a bunch of family offices today. It’s amazing how differently they think than the average person. It’s not like they’re smarter. It’s just more connected and they serve around just their circle of people is so much more different. How did I get a little bit loving connection this month? Well, I didn’t. I made a stride in that. That direction and I bought myself a pool table. Because full table is the watering hole of people people like to gather on the pool table. So if I get it I hopefully people will come and click Boise and hang out be my friend. Some new podcasts and articles that we released this month of had George with hp. Talking about pretty Rio, we had Russell gray talking about how to hedge against the recession, talked about the know how inflation is coming. I had a few short videos on how to use a 15 year mortgage or a 30 year mortgage. Those are all in the YouTube channel. You brought even Brazil to talk about costing patients and mice a little hack there but asked me doing that with your home you live in and moving out and moving back in. Talk to your CPA on that one. But yeah, getting created there I like it. I found this neat little card the x one credit card that’s supposed to give you four x reserved reward points and how to live a fulfilling life a little bit more type of podcasts. But yeah, try and sprinkle those in every once in a while. If you guys are looking for more, get a good topic for the podcasts that we know some resistance and barriers and noise for ask for you guys to help me out. I’ve been frustrated I can’t travel I was used to going at least six trips a year maybe seven or eight trips a year the six for like business to check out properties but this year I’m grounded. But by the time you guys probably listen to this I made I’ll be making a trip up to Cleveland to Sydney. Perfect. A lot of you guys there do dads I put this in here because if you’re going to buy something dammit call it a dude that call it a waste of money. And the thing I bought this this was a very expensive frog Ling’s slow juicer and this thing is pretty cool. He put like big carrots and whatever into it, it just uses that had got a bit I was spending like I think like 4050 bucks a month on those pre made juices. So spending a lot of money on that. So I figured I was just doing myself and actually pretty fun. I don’t know it’s kind of like an adult coloring book Zen type of activity that make juice and in health as well right so I figure it’s a good investment and then also kind of getting into work gardening these days. So I have like a worm farm. So this is like a pump where you put like the worm droppings into a bucket and you Airaid it and then it becomes like the world’s best organic fertilizer

Unknown Speaker 32:44

this thing is a little object that you stick like bottles in and then you can go on a trip and your plants will die and she didn’t water it but I like gardening yeah so just wrapping up here just a reminder that the easter egg go and grab it it’s the Miracle Morning for real estate investors email me at Lane at simple passive cash flow calm and also don’t forget that return on equity tracker simple passive cash flow calm slash bar he can get access to this and more at simple passive cash flow calm slash club. Those are our club members. And Robert not giving any tax legal advice here and we’ll see you guys next time but this website offers very general information concerning real estate for investment purposes every investor situation is unique always seek the services of licensed third party appraisers inspectors to verify the value and condition of any property you intend to purchase. Use the services of professional title and escrow companies and licensed tax investment and or legal adviser before relying on any information contained herein information is not guarantee as an every investment there is risk. The content found here is just my opinion and things change and I reserve the right to change my mind. Above all else. Do your own analysis and think for yourself because in the end, you’re the only person who is going to look out for your best interest

Transcribed by https://otter.ai

For George Soros, he bought t mobile and the biggest cell was peloton interactive via the biking people. Car iPod, he got LNG. And he sold HP and David Tepper bought T Mobile T Mobile again, he’s bigger sellers. amazon.com. JOHN Paulson biggest purchase was Bausch health companies vhc. And he sold fire call. Now the teaching block here is just because a big whale is doing something doesn’t mean that you should be doing it. These guys are wealthy billionaires. It’s very different from what 100 millionaire family office should be doing a $10 million net worth guy a $1 million net worth guy and possibly what you are doing at home

You may have seen recent headlines referring to an “eviction crisis”:

 The COVID-19 Eviction Crisis: an Estimated 30-40 Million People in America Are at Risk – The Aspen Institute

 Experts fear the end of eviction moratoriums could plunge thousands of people into homelessness – CNBC

President Trump signed an eviction moratorium order that effectively bans evictions nationwide through the end of the year. According to the Centers for Disease Control and Prevention (“CDC”), the moratorium order has been issued to provide housing stability and to prevent the further spread of COVID-19. However, it is important to note that rent is NOT cancelled through the end of the year. Let’s dive into how this order effects landlords and owners of real estate…

According to the moratorium, there are stipulations in order to receive this “eviction protection.”

Those who are eligible must meet additional criteria before presenting their landlords with a declaration, which will be made available on the CDC website. This criteria includes:

1. The resident has sought all available government rental assistance
2. The resident will earn no more than $99,000 in 2020 (or $198,000, if filing jointly)
3. The resident can’t pay their rent in full due to a substantial loss of income
4. The resident is trying to make timely partial payments, to the extent they can afford to do so
5. The resident would, if evicted, likely end up homeless or forced to live in a shared living situation

What to do if you (the landlord) receives a CDC Declaration from a tenant?

According to Colton Addy from Snell & Wilmer Law, if a landlord receives a CDC Declaration from a tenant, the landlord should respond in writing to the tenant to encourage the tenant to make partial payments of rent (and similar housing-related payments) to the extent the tenant is able, in accordance with the CDC Declaration. Additionally, the landlord’s written correspondence should remind tenants that the rental amounts are not forgiven and will ultimately need to be paid.

Additionally, many tenants may not be aware of the government assistance programs that are available to tenants to help tenants pay their rent during the COVID-19 Pandemic. Landlords should include a list of available resources that tenants can use to pay their rent. The Department of Housing and Urban Development (HUD) has stated that nonprofits that received Emergency Solutions Grants (ESG) or Community Development Block Grant (CDBG) funds under the CARES Act may use these funds to provide temporary rental assistance to tenants.

The following websites provide information on federal assistance that is available:

 www.hudexchange.info/programsupport

https://www.hud.gov/coronavirus

https://home.treasury.gov/policyissues/cares/state-and-local-governments

Additionally, landlords should include other programs that may be applicable in their jurisdiction. Landlords may also consider filing an eviction proceeding for one of the reasons permitted by the CDC Order, but landlords should use caution in pursuing such actions as eviction proceedings in the current climate are likely to draw additional judicial scrutiny.

 

Penalties:

 The penalties for individuals who violate the Order are severe, including:

• A fine of up to $100,000 and up to one year in jail, if the violation does not result in a death; or
• A fine of up to $250,000 and up to one year in jail, if the violation results in a death.

The penalties for an organization violating the Order are even more severe.

In summary, the moratorium order provides temporary relief to those residential tenants facing eviction who submit the required declaration, through the end of the year.  The order, however, does not absolve a tenant from paying rent or restrict a landlord from applying penalties, interest, or late fees on the tenant’s account for non-payment of rent.  Additionally, the order does not relieve landlords of their debt service obligations if a tenant seeks relief under the order.

Disclaimer: The materials contained in this blog post are for educational and informational purposes only. Nothing in this blog post is to be considered as the rendering of legal advice. Readers are advised to obtain legal advice from their own legal counsel. Additionally, please note that the orders and laws related to the COVID-19 Pandemic are changing on a daily basis and your jurisdiction may have stricter rules related to evictions in place. Please verify the rules currently affecting your property at any given time.

 

 

 

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landlords will still be permitted to evict tenants in certain cases such as instances which the tenant has destroyed property or poses a threat to health or safety of neighbors. This is a story about a dude named Lane moved to the mainland em, but one place to stay. And then one day he went try to rent them

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out. And then he became one

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we live this domain.

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Alright, let’s get started here. So this is the September 2020 monthly market update. We go over the latest headlines and some findings that I go over every month. You can find this at simple passive cash flow calm slash investor letter free giveaway for you guys is we’re giving away the E course. For trade lines. If you guys submit your lucky number which is zero to 99 to me at latency Passive cash flow calm before September 15. I’ll be making that giveaway. On that day. I’ll let the lucky winners know. And the straight line course if you guys haven’t heard of it trade line is a great way that I made 10 grand in 2019 on pace to do that again this year, but I use my existing credit lines, put people on as authorized users and charged them for it and pick up some nice passive cash flow. It’s a great way for non accredited investors and accredited investors to play a little bit of small ball so that you can save up money with or to put on down payment for syndication deals. We haven’t met before. My name is Lane Kawaoka. I put together this simple passive cash flow podcasts. Join our community online on Facebook and check out our podcasts on Spotify, YouTube, Google Play I heart, Stitcher and I too, so few teaching points I want to start off with this month we had Russell Bray, who is one half of the real estate guys, mentor to myself, great podcasts, the air the first half of the podcasts this past month, and we talked about the repo market. If you haven’t heard about the repo market, it still confuses me personally, you guys can check that out. And sort of the conspiracy theory that’s out there is that there was some financial trouble that the country was going through and COVID is the convenient cover up story to put in a whole bunch of stimulus money to put up the fire. whether it’s true or not, the fact remains that there is a whole lot of money being pumped into the system. And neither way you play it is you buy assets and when inflation comes you are the beneficiary. It’s the people that are saving money in the bank account and not doing anything are going to be the losers in the future. The next teaching point wanted to go over was I saw this article by marketwatch. They said that the new savings target is a modest 8 million. This has been going up I remember when I was like $2 million, and it was $4 million. I guess now it’s $8 million. And I don’t know where they get this stuff. Oh, if you can grow your money, with cash flow in art assets, I don’t think you need to grow your money to be too much. Of course, conventional retirement thinking is this idea of the accumulation theory where you need to build up a certain amount, where they’re saying it’s $8 million. Here is a lot of money. And what they say is the accumulate to this amount so you can withdraw at it at a certain rate, say three or 4% a year and live off your day days. In which here it’s about passive cash flow. We actually think the complete opposite and because we are trying to create streams of income today, so that that will further accelerate our passive cash flow and ability to buy more assets. But at the end of the day, that’s the end game, right streams of cash flow. And this is the last teaching point I want to bring up before we get into the news for the month. I checked the news. I try not to check it too much on a daily basis. But this article came up one day and I just thought it was a pretty bad article. This sort of happened in the middle of the month as stocks were rebounding stock market news, s&p 500 NASDAQ hit record highs as COVID-19 vaccine shamans and hopes rise. And let me just kind of highlight here like

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just because the stock market is up.

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And because of all the government stimulus and everything Despite that, unemployment still very high. Because all that’s still going on. It does not mean that it’s directly related to a COVID cure along the way. Remember, these news people, they’re just trying to sew headlines and they are trying to correlate what happened today, where the stocks actually went up this day to something that is happening in the news. It’s very often it does not horridly or caught causation, is in fact, it might be a correlation. Yes, today, there might have been an ace ball, one off headline where they did some research and this vaccine did move past to another scale of testing. But that doesn’t mean that that was the reason why the stock market went up. 400 points that day. But news does this all the time and I just wants to point it out because as sophisticated investors you guys need to fix me. watching the news is one thing being informed but being able to pick apart kind of nonsense like this article on August 24 is important. And for those of you guys checking this out on the YouTube channel, I have five wealthy billionaires and what their biggest purchases for this past month and what they were selling. Or Buffett picked up gold and he’s selling JPMorgan Chase, or George Soros. He bought t mobile and the biggest cell was peloton interactive, the the biking people car iPod, he got LNG and he sold hp. David Tepper bought t mobile and T Mobile again he’s biggest sellers on Amazon. Call john Paulson biggest purchase was Bausch health companies vhc. And he sold fire call. Now the teaching point here is just because a big whale is doing something doesn’t mean that you should be doing it. These guys are wealthy billionaires. It’s very different from what 100 millionaire family office should be doing a $10 million net worth guy, a $1 million net worth guy and possibly what you are doing at home, there’s always things that are kind of going on the background, and people have put a lot of emphasis on things like this, and I don’t really pay much attention to it. I mean, it’s it’s interesting to see some correlations, but I don’t trade stocks. So that’s just me, but people talk a lot about Oh, what Warren Buffett. What, you know, some some they’ve just pulled some random quote from Warren Buffett, but I think it’s always pulled out of context. I mean, you can pull his whole Good quotes just like the Bible, from Warren Buffett’s bag of quotes, and you can have it neat and anything more Buffett does essentially his advice companies with good management. Last time I checked, a lot of us don’t have enough money to do that. Then investing with hp since 2017, buy distressed mortgages and discounts to offer struggling families sustainable solutions to stay in their homes. When homes were vacant. He recognized that lenders frequently struggled as they tried to limit their losses. That’s why owner George Newberry founded pre reo, a platform that gets these vacant properties into the hands of local investors like us during the foreclosure process, which mitigates losses to lenders and accelerates returns for investors a win win. I’m very excited about this platform that connects local investors with board appointed receivers in their area to cost effectively repair, lease and maintain and rent vacant homes during the foreclosure process and all We make a profit. I’ve been checking out local properties here in Hawaii and I think it’s a great way finally pick up my home to live in. Even though I think homes the buyers aren’t probably the best. You can learn more about pre reo by going to simple passive cash flow calm slash free reo. All right now we get into the news on the middle of August, s&p rose to touch record levels yet again. So if you haven’t heard it, drop 30% in the start of COVID. And now it’s been retracing back up and we are right back up to all time highs now, which is great for you guys. Hopefully you stayed in it. You got out. Well, sorry. But hopefully you went into some sustainable asset like real estate that you actually understand because this makes no sense to me. Right unemployment is that a spike because of all that’s going on with a pandemic that’s still lingering

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This next article came out very recently a renters in the United States cannot be evicted through the end of the year due to Coronavirus CDC order states. So

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I’m going to read some of the highlights here. So this is us as best efforts to obtain all available government assistance for rent and housing. The individual cannot expect to earn more than $99,000 in the annual calendar year for 2021 more than 198,000 if joining tax return as a couple. So basically, it’s trying to exclude wealthy people. They’re trying to help out the people who need it the most. They’re saying the individual is unable to pay the full rent or make a full housing payment due to substantial loss of household income loss of income. compensation hours or of work or wages, a layoff, or extraordinary out of pocket medical costs. I believe that they’re going to make the person who’s kind of using this to get out of jail card, they’re going to have to sign something or certify that this was them. They’re still recommending individually using best efforts to make timely partial payments. Who knows how that’s going to be enforced. And then this is supposed to be to protect those who would be evicted and would render the individual homeless or forced individual move in and live in close the borders in a new shared living situation, because the individual has no other options. It does not apply to evictions for things other than non payment of rent and it does not prevent charging late fees. Big news. There was one little dewfall that I saw in here landlords will still be permitted to you evict tenants in certain cases, such as instances which that tenant has destroyed property, or poses a threat to health or safety of neighbors. So all you guys out there, you should be having your own property management on the front binds, because most of us here are investors. We try not to be landlords, of course, talk to your own legal counsel, but that might be an opportunity to still get out people out who are posing a threat to health and safety of neighbors. But yeah, tough times, right. It’s unfortunate, some people are really taking advantage of the system. And they have the means to pay. They spend they just don’t pay it and are kind of gaming it. I have a little map here on absentee voting regulations. So just check out what states are in some places have moved entirely to absentee male voting some happens. Check out your state, but yeah, get out there. votes I pulled this from the yardie matrix national multifamily report. It kind of shows how rents have been tracking through this COVID era we’re living in on the left is the year to year rent growth for all asset classes. So that’s if you called everything up in one on the national scale has gone down point 3%. So pretty much staying rightward is the middle row is the lifestyle asset class. This is more of your class, a higher end type of rentals. And then on the right side is more where we try and stand which is the renter by necessity and asset class, which makes sense renter by necessity. The national average there is it’s still going up by 1.2%. Phoenix, Inland Empire, Atlanta, Indianapolis, Sacramento are in the top five those are well above 3% ranking pieces per year. Still the big losers all the way bottom are Los Angeles, San Francisco. San Jose for the renter by necessity asset class. Of course, you might have Dallas as on here, it’s still a little bit better than 2% rent growth the year but it’s important to note that Dallas is a big MSA you really should be looking at your more sub market data. And more importantly, your sub market which could be 20 or 30 miles wide. You really should be looking at or you are an actual lock, john burns consulting, releases a nice map on market opportunities that they seed Sacramento and Inland Empire a little bit more on the California State for California, probably due to people running away from San Jose in the Bay Area to a little bit cheaper places in Sacramento and moving away from Los Angeles Inland Empire. Phoenix, Arizona is on here, Austin, Dallas Houston are on here. And in the southeast. We have Nashville, Atlanta and Tampa Bay get the bus multi housing news. dot com reports that how multi families defense, nature holds investor interest. So in look at the big landscape of all the real estate ish type of things to invest in, you’ve got all sorts of things like office space retail, you have workforce housing, you have luxury housing, you have all sorts of student housing, assisted living. The big losers are by far the retail strip malls and balls and office space and a little bit of living. But I think the darling out of the real estate world and possibly out of all asset classes on our multifamily real estate, I don’t only just kind of lucky but I count my lucky stars that that’s what I happen to invest in. And I quote here the sector’s resiliency is also illustrated by prolonged performance and durability since the onset of the virus in majority of markets rent collections are robust and occupancies are stable. And I think what you might see is, everyone’s going to start to see how stable multifamily is and maybe in the next six months to a year, people will start to move away from those other or non pandemic proof asset classes and find a safe haven in multifamily business now reports that New York City apartment rents are dropping as reticence leaves in droves. And this is also happening in the bay area that we showed last month in the last investor letter. A New York extends eviction moratorium. We start at the top with the National eviction rules. Each state has their own individual ones. So I suggest and checking out how it is where your rentals are, but they might have different kind of moratoriums to some may not have, but they may have the board’s close which is sort of essentially the same thing where it’s not processing that type of work, the time another example of people running away from San Francisco, Pinterest, The tech giant, if you guys don’t know what Pinterest is, it’s kind of like a social media channel where it’s just a bunch of pictures are actually kind of useful if you’re trying to find some good ideas on how to make your closet or arts and crafts or Home Improvement type of projects will pinch us walk away from their lease, which is a big deal because they have to pay at $90 billion cancellation fee. But they’re like, we don’t care. We’re out of here. Pinterest is actively recruiting across a range of roles where they’re evaluating their strategy to be a more distributed workforce across geographical locations. And this is also happening. A lot of other tech companies to multi housing news reports that classic vacancies rise and rents fall have been crisis this goes along to what’s been expected you’re very very high end Class A suffers and these type of situations. I would say that when I think what they’re talking about in this article is your your age plus class your luxury type both properties like if you guys just google Amelie am Li, they had very high end apartments. These are the ones that can kill first, as people kind of go to market value base type of living conditions. In any event, the search team, quote here, Class B and C vacancy rates also grew, but at a much slower pace. You can see a little chart courtesy of Marcus and Millichap or a broker, real estate broker how the vacancies have kind of tracked for class C, B and A in relation to each other. There’s some more stimulus coming out for all that’s going on hundred reveals almost 500 million for Corona virus relief. I put this out to the Facebook group I don’t really understand what is this exactly money going to always see these headlines but trying to figure out what exactly but money is going to try to position yourself in such a way to capture this is always difficult because there’s also a lag in terms of timing to they might sign something into law. But as I’ve mentioned, I still work on construction projects that took stimulus money, and it took like five or six years before the shovel on the ground, but I believe this is going to section eight housing, whatever that form may be to bolster reserves there or to expand the voucher program. I do not know. But money is coming out there. Multi housing news also reports that they interviewed the Amelie man Man, we will. Again they Amelie runs very luxury high end apartment complexes, I would call operator of class Bay. And, and some good insights in this article. So they said economic forecast released earlier in the year have had to be erased and completely withdrawn. And they asked them what’s your outlook for the multifamily for the next two years, they said, well, it’s roughly flat this year with an uptick next year and a nice abouts in 2022. As supply likely lessons, and I’ve been talking to a lot of investors in my club this past month and just kind of getting a poll out there informal poll and it just seems like those who are the term comes up a lot of just hunkering down financially, trying to build up capital just trying to see what happens to the election or whatever. Those are typically the low net worth guys, and maybe that’s causation or correlation. Maybe I should write a Article on that, but a lot of sophisticated credit investors, they have cash reserves and they are investing in the right projects where they are going in with great debt options may not have seen rates as low as like 2.7% or a couple weeks ago was like 2.9%. It’s amazing how low the rates are our business online reports that multifamily specialists remain optimistic predict return to normalcy in 2021. So a lot of these industry news sources are for predicting a flat rest of the year with a strong 2021 and a very strong 2022. The way I am playing in is I am just kind of going into deals that cacheable and taking advantage of the interest rates and pretty optimistic that there will be some kind of pent up demand and Tim serve maybe a year from now people want to get up they want to travel they want to buy things And unfortunately a lot of people were on the C class renter side and below might be, I think they’re slipping behind even further for unfortunate for all of this. But I think a lot of people have good jobs, they’re able to remote work. I think that country is going to get back in going Sam Zell, who is another guy, so I follow the homily a lot because they, they are kind of a leading indicator for the apartment space because they I call them a canary in the coal mine because they do that classmate rental properties. I follow them and I also follow the stem cell character. You can Google him but he sort of like a warren buffett. But I would say he’s probably better to follow than Warren Buffett, Warren Buffett kind of vice whatever. These days were senzel sushi investing off some kind of macro trend. So here he he’s saying that real estate retail real estate like malls And shitballs is a falling knife that has hit a bottom yet. pandemic has accelerated the amount of online retail. And I don’t think it’s ever going to change he added. And there has been dozens of retail bankruptcies and thousands of store closures adopted by Rito. Senior. Well Sam Zell is recognizing that issue but he is not jumping into that space. And another thing I watch is like if you set up a Google birth for Blackstone, yeah, that company they go in like sharks every time the last time this recession happened. They’re buying the single family homes by the truckload. Here’s more data on the dying mid range mall, which is in the retail space. So mid range, you want to think of it like a Macy’s or JC Penney for over 21 these are not your your high end stores. More recently, Brooks Brothers GNC gear one I think what you’re going to see is like one of the high end type of stores survive. But yeah, these mid range type of operators die out Simon adds bankrupt retail brands to shopping cart. So the mall owner Simon malls as far as that jeans brand and closing in on a deal for Brooks Brothers. So this kind of cool, right like a mall is going in and buying these distressed assets just like we buy apartments and I think this is kind of a cool way. It may be maybe it’s a falling knife, but for sure these stores are undervalued. I don’t know if they can go even lower but I think it’s nice to see these big companies take a stand and invest capital where there’s blood in the streets and this works this is how they make a lot of money. Commercial Property executive reports that Amazon unveils is six cities $1.4 billion office expansion. So again, like office is getting killed. I see some office deals out there and I’m like, geez, it’s a hard thing to sell right now. It’s like selling ice in the middle of winter. So Amazon is going in and actually buying office space in Manhattan, Dallas, Detroit, Denver, Phoenix, and San Diego, which we this is a well capitalized company and it’s super smart what they’re doing they’re buying stuff while it’s cheap. And some of them again, Manhattan, Dallas, Detroit, Denver, Phoenix, San Diego is where they’re buying and we’re kind of hitting the halfway point if you guys haven’t gotten the key one tracker for you guys can shoot me an email Lane at simple passive cash flow calm and I can shoot it over to you guys if you guys who deal pipeline club. You can join our club at simple passive cash flow calm slash club to get access to this but I made this little chakra form because I got a lot of key ones coming back and I just got to make sure that my CPA kind of captures all these dozens and dozens of K ones. So I don’t lose out on my sweet deductions. So I put all my k ones, all the deductions, and then your GP LP or whatever it is on there. So that I kind of know in my head, where to double check my CPA against they captured all these deductions. And I think they like it because I put the link in there where I put all the K ones on my Google Drive. So this way, it’s a great way for you to keep track of what you’d have going on to. You also get additional cost StG study articles and sample k ones to take a look at if you haven’t been in a syndication deal before. But yeah, that’s my key one trucker form sheet but I’m going to wrap up here with my little personal updates or things I’ve been doing this past month to get a little enrichment in my life. So the first one is growth here. So I’ve been stuck at home here in Hawaii. They just started another two weeks stay at home order. I started improv class every Monday we do this for a few hours. So there Why am I doing this? I mean, if you guys haven’t done improv, it’s super fun. I mean, when you first do it, it’s very nerve wracking for sure. And but I think it’s, I wish everybody did it. One thing that a lesson learned is, like this concept of Yes. And it’s, you know, those people at work who are so difficult, and they’re always like Dr. Nolan, like you always talk to them. And it’s always like, well are, but bla bla bla No, or, you know, just, I don’t know, nobody likes to hang out with these people. And you start to get really conscious of this when you do improv because in improv, you have to accept the readings If yes, and if somebody is doing something in like a skit or improv like rowing a boat. You have to just go with it is yes, no So I think if more people did that, I think we’d have less headaches and less people problems. So but the first reason I did this is just getting a little play. I think as adults, we don’t play at all, just mostly work all day long, and have to consciously put play into our schedule. Secondly, listening skills with improv the most new people when they do involve they’re always thinking, what kind of clever stuff they’re going to say, which is totally not worth what you’re supposed to supposed to listen, and then just react. You can’t react unless you’re listening. Maybe that is like talking to your spouse like you don’t listen, and just try to decode what you’re going to say to cover your butt. Right? Well, here’s Listen, listen, let’s learn improv. And then the last lesson learned improv is when you set somebody up, you give them a gift, right? That’s the set them up and then the next person is supposed to support and accept it no matter how stupid it is. Or, however, like a dead end type of topic. So I got a couple months for this, but it’s been pretty fun. I urge you guys to do it. I’m always trying to learn more stuff, which is why I went on this virtual sucky tour to Hiroshima. And it was like 150 people on this tour yesterday, but that was kind of fun that I did. Oh, how did I get a little contribution the worldwide kicked off the remote investor configurator and this is for the newer guys trying to pick up their first remote rental property. I kind of broke this group off for the mastermind, which is mostly accredited investors. You guys can learn more about that and credit investor passive, bad simple passive cash flow.com slash journey. But this remote investor incubator is simple passive cash flow.com slash incubator where we think we have like about 15 people in here, but it’s really cool that a lot of these guys are new. They’re really energetic, really motivated to buy their first rental property and for me when I started this journey back in 2000 Nine and I bought my first property, it really changed my life and buying that first property was really how this all kind of came about allowed me to quit my job being getting a little significance in my life. I’m just thankful that I have my job, that my job doesn’t get impacted by COVID. A lot of people out there realize that, like dentists, they want people to work. We had a lot of dentists clients here, and that’s just unfortunate. I brewed a thought that you can see patients for something as simple as cleaning team. A lot of industries out there in the tourist world had we had some like tech programmers thinking and leisure and tour apps just totally to get laid off. totally unfair. I think the lesson learned is you always want to have different streams that can come to counteract this and to diversify your income streams but not just a just taking a time for gratitude and being thankful. That we have we have a big thing. How did I get a little uncertainty in my life? Well, I did the improv class. It is kind of a pain. It’s like a few hours every week and in the evening and it takes time out of like a week, but I do think it’s important. So I scheduled it. Oh, something bad happened with my tradelines Chase. cancel my cards. Yeah, but it was all my wife’s cards. So for things she doesn’t have any introducing cards, they find a way to make it up to her somehow. But yeah, boo Chase Bank, hey, they had really good systems to look for this type of stuff, but still got all the other ones Barclays, Citi, Bank of America, US Bank, all these other banks to choose from. So keep in the good times, rolling with trade lines. Learn more at simple passive castle.com slash trade lines. And if you guys want to learn When the free ecourse that I’m giving away this one, give me your lucky number zero to 99. And I will see if you’re the winner this button.

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How do I get a little certainty in this month? Well, I paid off my students loan. So I had a guest on my podcast, and it hasn’t hit the air yet. But I asked my community for folks that they have worked with in the past. And this one gentleman came up who they use for their student loans. And I guess there’s this world of consultants who consult people on all their student loan debt. Since there’s I mean, I always knew there was some kind of game but then I talked to this guy and I had him on the podcast to kind of tell us some of the tactics and I realized like, wow, there’s a lot of stuff here. Everything from like student loan forgiveness programs to Alright, so maybe the solution is going in refinancing it into different loan options. So this guy, he’ll walk you through all the options. He works as a consultant basis, like he’s not just getting like referrals. fees off of the financing of the home, therefore proceed with just that one option. And he also is able to consolidate on that maybe are a high paid doctor, and you’re kind of weighing the option between maybe do you want to go to work in an underserved area? Get your student loan forgiveness? Or would you rather make top line dollar at somewhere else that he helps he works at so many other people, he sees the matrix and he’s able to consult so I was gonna get this guy I selfish so you can I always have guests and I still have selfish needs where I want to get something addressed for me. And my wife had some student loans and she’s been working as a teacher for 10 years. So I want to see I wanted to just pay him like 300 bucks just to make people work for me. But then it come to find out we only have like less than $2,000 in student loans. So it just paid that thing off. Maybe that gave me out a cost for getting off and chase cards revoked. Last thing loving connection. I’ve been missing a lot of people and I’ve been bored at home. So I did my hair out with a couple cooking with lane videos. I don’t think I’m the best cook, but I’m definitely the most efficient cofeb ever so on. So check this out on the YouTube channel, and I made your coffee here. I am halfway through, I made some kababs with tomatoes, garlic on end mushrooms and steak and bacon. I put them on a ski gear. And then maybe this week, and next week, I’ll make it I froze it so I can make it whatever. So that’s the beauty of this one is it’s kind of one of those things, you can just take out the freezer. So I will do that next. So if you join the YouTube channel and you subscribe there, click the bell. You’ll get notified when I launched that video, some new podcasts and articles that came out. And for those of you guys who are attending, you guys can type in any questions you have at this point but or you have any questions on any of these topics, let me know. So we had the VIX markets guys. It’s a crowdfunding way of investing in all kinds of geeky stuff like magic cards, Spider Man comics, it’s sort of like that wine crowdfunding website that we did the previous one. George Newbery came on the podcast and we discuss pre aureo, which is a great way to find distressed inventory locally. I check it out like once a month and to see what’s around in Hawaii. So pre reo is before it goes to reo. So it is usually in just show states, not just states, wherever he wants a harder. There’s a lot more options for pre aureo in there before the power goes to the court process. My buddy Kyle, he would have stayed jobs. We interviewed him on the podcast there and then also break came on the podcast and we discussed the repo market, the dark world that happens and then we also had Dr. Kim come in on did volunteer to do and coaching call, she was a credit investor so great to open up the personal financial sheet and kind of see what she’s doing. I know a lot of you guys are doctors out there making a big salary puggy good to take a listen to that we can change your name. And if you want to do like a coaching call where we record it for the podcast so other people can benefit from it. Let me know, shoot me an email plain and simple passive cash show. I think it always helps all people. At the end of the day, it’s kind of like there’s not too many different financial profiles. I see. Maybe like a dozen. It’s kinda like when I go to like Japan, I always see like, the same faces over and over again. Everyone’s got the same, there’s, you know, it was the same. There’s only like 20 or 30 faces like sometimes I see myself out there. I see my doppelganger out there. But yeah, in terms of financial profiles, it there hasn’t been. I’m starting to see a lot of patterns out there. A lot of very similar patterns. Everybody thinks are their special snowflake. You might be but most likely you follow one of these main categories. Check out the in the mastermind and incubator there are some details on it and some cool stuff that I bought this past month, which we call doodads, which I encourage you to put off until you have passive cash flow coming in to buy the stuff Chuck Norris has some bottled water called see force, I bought that and hopefully it gets delivered and all the water is in there and doesn’t break like some of my other Amazon stuff that comes in the mail. And for those of you guys who are on a lot of Zune calls. There is an app called Chris, which I’m actually using right now, which is why you don’t hear my very loud air conditioner in the background today. You guys can get the link to it at simple passive cash flow calm slash lane hack along with other life changing lane hacks out there. You You can also use the app that goes on your phone too. So you sign up for this thing. I think it’s like 30 or 40 bucks a year. To me, it’s well worth it. Actually, like my dog is barking and senses in the in the background for the past one day. And I don’t know if you guys are hearing it right now, but it should block things like that. So it also gives you the phone app and you can make calls from the phone app. And a little bit of a lane hack here is like you can do the dishes all you want. You can probably be on the toilet. I’m guessing I haven’t tried this yet. And you could be on a phone call and it’ll filter out everything that that’s not a human voice is AI. So yeah, check that out. Simple passive casual.com slash ln hat. Dean says he hears the word. One bar. Yeah, there’s several parts in here all those but yeah, here’s legal disclaimer and we’ll see you guys next one.

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This website offers very general information. Concerning real estate for investment purposes every investor situation is unique always seek the services of licensed third party appraisers inspectors to verify the value and condition of any property you intend to purchase. Use the services of professional title and escrow companies and licensed tax investment and or legal adviser before relying on any information contained here and information is not guarantee as an every investment there is risk. The content found here is just my opinion and things change and I reserve the right to change my mind. Above all else, do your own analysis and think for yourself because in the end, you’re the only person who is going to look out for your best interests.