Podcasts about cares act

One of the big challenges for community banks and credit unions is that they often have a very concentrated base of customers. The vast majority of their accounts could be with people and businesses within a 100-mile radius. While setting up digital tools can allow these banks and credit unions to expand beyond their home base, this comes with a lot of expense and complexity. When it comes to lending programs there is a much simpler alternative.My next guest on the Fintech One-on-One podcast is Vince Passione, the CEO and C0-Founder of LendKey. I last had Vince on the show all the way back in 2016, so a lot has changed since then. They have created this new technology they call network lending which solves for the problem of customer concentration for credit unions and banks, at least when it comes to the lending side of the balance sheet.In this podcast you will learn:The highlights of LendKey's evolution over the last nine years.Their long partnership with Navy Credit Union.How they have expanded into the home improvement market.The impact of the CARES Act on their education financing business.How the needs of credit unions have been evolving.The changes that will impact the ParentPLUS and GradPLUS lending programs.What differentiates those credit unions that can go after the younger generation and those that can't.Why private student loans will have to take up the slack, particularly for graduate student loans.How their network lending programs work.Why network lending is a great way for credit unions to diversify their portfolio.How they decide who becomes the lender of record for these loans.Why they launched ALIRO in 2021 to allow others to set up their own lending networks.What the next five to ten years look like for LendKey.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Disclaimer: This video was recorded in March of 2022.I had a killer conversation with Christa Hilton, the conservative single mom and entrepreneur behind Drunk Republic. We didn't get political. We got real. Christa started reading the entire CARES Act during COVID when her business consulting for small businesses had to shut down. What she discovered sent her down a rabbit hole of government waste, hidden spending, and ridiculous programs that American taxpayers unknowingly fund. We dove into the insanity of public school systems, why parents need to take back their power, and how Christa's approach to showing her son real life in Portland—drugs, homelessness and all—is creating a kid who thinks critically about everything. Christa shared how her 12-year-old son can already see through political BS on both sides. School choice, government spending, entrepreneurship, parenting—this conversation covers it all. Christa's podcast Drunk Politics is cutting through the noise and exposing what our government is really doing with our money. Go check her out on Instagram @thechristahilton and at drunkrepublic.co.We Meet:Connect:Connect with Rick: https://linktr.ee/mrrickjordanConnect with Krista: https://www.drunkrepublic.co/ Subscribe & Review to ALL IN with Rick Jordan on YouTube: https://www.youtube.com/c/RickJordanALLINAbout Krista: Conservative single mom & entrepreneur still living in Portland, OR. Started a brand called Drunk Republic and a podcast called Drunk Politics (it's a play on words calling out how drunk on power our politicians are) out of a burning need to get fellow Americans to wake up to the madness that is perpetuating in our country and then do something about it. She's been invited onto Newsmax multiple times talking about HOW conservatives can get involved in starting to take back their cities, especially the very liberal ones, as well as how she is raising her son with conservative values having pulled him out of the public school system to homeschool him while going on a cross country roadtrip before putting him in a small Christian private school.

PODCAST: LAS NOTICIAS CON CALLE DE 3 DE ABRIL DE 2025 - Federales metidos en Educación con subpoena contra senador PNP - El Nuevo Día - Alcaldes podrían cobrarle a pueblo por servicios, mientras a punto de perder 116 millones por informes malos - El Nuevo Día - Darian 5100 a familias que sufrieron daños por educación especial, tienen hasta 2 de junio - El Nuevo Día - EPA apoya a gobernadora para que no apliquen regulaciones ambientales ante emergencia - El Vocero - Hacienda tiene mega fallo dando acceso a gente al garete a secretos de contribuyentes - El Nuevo Día - Secretaria de Estado finalmente entrega documentos para confirmación- Primera Hora - Ciudad deportiva Roberto Clemente sigue en el teque - Primera Hora - Federales han detenido ya 70 millones de fondos de reconstrucción - El Vocero - Federales arrestan por Cares Act y fondos de pandemia - Wapa - Solteros tienen menos riesgo de demencia - Axios - Gobernadora envía carta a Peter Navarro asesor de Trump - Guerra económica de Trump, medicamentos exentos - Axios - Empiezas las tarifas a los carros - NYT- Israel extiende su guerra ahora a Syria, Líbano y otros parece que permanentemente - Bloomberg - Tarifa a China subió a 76% - ChadBown - Musk supuestamente quedaría fuera, pero dice que es Fake News - Politico - Varias ofertas para comprar Tiktok, Amazon y Blackstone tienen propuestas ante cierre el sábado - FT- Culpable Guillito - Primera Hora- Trump en guerra económica - Metro

#gobierno #campaña #politica Baile, botella y baraja para "celebrar" los cien días del gobierno de Jenniffer González. | La guerra comercial que se avecina con la imposición de aranceles de parte de la administración Trump. | Arrestan a dos hermanos de Georgie Navarro por fraude al Cares Act o fondos del CONIVD19. | Gobernadora se alinea con los fundamentalistas religiosos de Proyecto Dignidad y abraza el determinismo biológico. ¡Conéctate, comenta y comparte! #periodismoindependiente #periodismodigital #contexto

#investigación #historial #acusaciones Los hermanos del representante novoprogresista, Georgie Navarro Suárez, son acusados de pagar sobornos a un empleado de un banco para defraudar al gobierno federal a través de los PPP, prestamos con fondos del Cares Act en medio de la pandemia. Información, evidencia y análisis. | La Gobernadora y su orden ejecutiva de emergencia para eximir a empresas de producción de gas metano como NFE, en medio de su entrada al puerto de San Juan de una barcaza sin permiso de autoridades federales. ¡Conéctate, comenta y comparte!

#gobierno #campaña #politica Baile, botella y baraja para "celebrar" los cien días del gobierno de Jenniffer González. | La guerra comercial que se avecina con la imposición de aranceles de parte de la administración Trump. | Arrestan a dos hermanos de Georgie Navarro por fraude al Cares Act o fondos del CONIVD19. | Gobernadora se alinea con los fundamentalistas religiosos de Proyecto Dignidad y abraza el determinismo biológico. ¡Conéctate, comenta y comparte! #periodismoindependiente #periodismodigital #contexto

#investigación #historial #acusaciones Los hermanos del representante novoprogresista, Georgie Navarro Suárez, son acusados de pagar sobornos a un empleado de un banco para defraudar al gobierno federal a través de los PPP, prestamos con fondos del Cares Act en medio de la pandemia. Información, evidencia y análisis. | La Gobernadora y su orden ejecutiva de emergencia para eximir a empresas de producción de gas metano como NFE, en medio de su entrada al puerto de San Juan de una barcaza sin permiso de autoridades federales. ¡Conéctate, comenta y comparte!

Send us a textFairfax criminal defense lawyer Jonathan Katz named this podcast Beat the Prosecution in sync with his teacher SunWolf's watchword that reality is no obstacle. By shooting for the stars, great outcomes be achieved in court. Nonetheless, plenty of criminal defendants get convicted, requiring all criminal defense lawyers to be great at sentencing. Recently, Jon Katz's fellow criminal defense lawyer Bret Lee told Jon of his and lawyer Marvin Miller's Northern Virginia federal criminal defense client Felicia Donald, saying she was willing to be on Jon's podcast. Dr. Donald is a physician who in 2020 entered a guilty plea to one prescription drug violation count involving opioids and one health care fraud count. Despite the prosecution's request for a fourteen year prison sentence and to include obstruction of justice in her sentencing guidelines, Dr. Donald's legal team obtained a sentence that was half of that, and that avoided a finding of obstruction. Dr. Donald is Jon Katz's second former inmate to appear on the Beat the Prosecution podcast. A big difference between the two is that the first such guest, Susan Crane, engages in peace actions against armaments and military facilities, admits her actions and asserts their justification under international law. Most other criminal defendants, including Dr. Donald, never seek any prosecution nor attention to their prosecution. Where most convicted criminal defendants would prefer to keep a low profile about their cases, Dr. Donald does a big service to current and future defendants by here discussing step-by-step her oversight in not securing a lawyer before she reported alleged wrongdoing by one of her employees to law enforcement officers (LEO) and before she turned over her cellphone and business documents to LEO, how she chose her initial and subsequent legal team, how she weathered the storm of incarceration during the pandemic and found opportunities to help fellow inmates, how she witnessed seriously inadequate health care for numerous inmates and dealt with her own serious health issues as an inmate, and how she obtained a sentence commutation under the CARES Act. For this episode, then, beating the prosecution is about obtaining the best possible sentence and being as resilient as possible from the point of arrest to the time of release from incarceration. Jon thanks Felicia Donald and Bret Lee for joining him. This podcast with Fairfax, Virginia criminal / DUI lawyer Jon Katz is playable on all devices at podcast.BeatTheProsecution.com. For more information, visit https://KatzJustice.com or contact us at info@KatzJustice.com, 703-383-1100 (calling), or 571-406-7268 (text). If you like what you hear on our Beat the Prosecution podcast, please take a moment to post a review at our Apple podcasts page (with stars only, or else also with a comment) at https://podcasts.apple.com/us/podcast/beat-the-prosecution/id1721413675

Chris defends Thomas Massie against MAGA attacks for opposing the CARES Act. He slams the COVID cash drop as an inflationary disaster—your $1,200 check cost you more in rising prices. www.watchdogonwallstreet.com

Tom Raleigh, Founding Attorney of Halsted Law Group, returns after being on Episode 40 to talk evictions! Tom jumps right in by breaking down the eviction process and the timelines in 2025. He gives great tips on getting ahead of the process and emphasizes the importance of staying on top of tenants and not waiting too long to file the eviction case. Tom hits us with rapid fire eviction stats including neighborhoods and even streets where his office has had the most eviction filings. He closes with top insights on complying with Fair Housing and tenant screening to avoid eviction court altogether! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! ============= If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tom Raleigh, Halsted Law Group Link: Tom Raleigh's LinkedIn Link: Meditations (Book Recommendation) Link: Shawn Ryan Show (Podcast Recommendation) Guest Questions 02:27 Housing Provider Tip - Dial in your tenant screening process to prevent issues! 04:17 Intro to our guest, Tom Raleigh! 5:01 The Eviction Process in 2025. 12:48 How can landlords get ahead in the eviction process? 21:56 Rapid fire stats on Tom's eviction filings! 30:40 Housing Section of the CARES Act. 39.28 10 Day Notice for Cause. 47:36 Tips for Landlords to avoid Fair Housing violations. 55:41 What is your competitive advantage? 56:15 One piece of advice for new investors. 56:32 What do you do for fun? 56:58 Good book, podcast, or self development activity that you would recommend?  57:38 Local Network Recommendation?  58:38 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.

Kevin Howard's journey defies conventional political stereotypes. A former lifelong Democrat, military veteran, and business banker, he takes us through his shift in ideology after witnessing firsthand how economic policies have crushed small businesses and the middle class. In this explosive conversation, we break down the real causes of wealth inequality, the hidden manipulation of financial markets, and why Trump's support continues to rise despite media narratives. From the Powell Memo to the 2008 bailouts and COVID-era crony capitalism, this episode is a wake-up call for anyone disillusioned with both major parties.Chapters: 00:00:00 – Welcome to the Podcast: Introducing Kevin Howard 00:00:54 – A Democrat Who Voted for Trump: Kevin's Political Shift 00:02:10 – From Banking to Business: The Reality of the American Dream 00:05:59 – Why It's Harder Than Ever to Start a Business 00:07:24 – How Economic Policies Have Crushed the Middle Class 00:24:35 – The 2008 Financial Crisis: What Really Happened? 00:44:42 – Why the Stock Market Boomed While the Economy Collapsed 00:45:10 – The Federal Reserve's $4 Trillion Game-Changer 00:45:39 – Who Really Benefited From the CARES Act? 00:47:24 – PPP Loans: Lifeline or Massive Fraud? 00:49:11 – How the Fed Gave Corporations a Free Pass 00:56:42 – The Housing Market Bubble: Who's Driving Prices Up? 01:01:35 – Why Trump's Support Is Surging Across the Country 01:03:09 – Trump vs. The Establishment: What Drives Him? 01:10:09 – The Power Moves Behind Trump's First Term 01:22:28 – NATO, Ukraine, and The Global Chessboard 01:25:04 – Crimea, Russia, and The Peace Deals No One Talks About 01:26:34 – How NATO Expansion Shaped Global Conflicts 01:28:11 – The Media's Role in Shaping Public Perception 01:29:05 – Single-Issue Voters and Trump's Foreign Policy Moves 01:30:11 – Trump's 2024 Strategy: Who's Advising Him Now? 01:32:44 – How Endless Wars Shape America's Economy 01:35:38 – Historical Narratives vs. Reality: What We're Not Told 01:45:38 – Trump's Health Policies & The "Unity Agenda" 02:02:20 – The Kamala Harris Debate: Political Optics vs. Reality 02:05:07 – Climate Change: Hype or Economic Game-Changer? 02:06:42 – The Data War: Who Controls the Climate Narrative? 02:10:10 – How Climate Policy Impacts the Economy 02:14:39 – Moving Away from Fossil Fuels: What's the Real Plan? 02:18:31 – Can Innovation & Global Cooperation Solve the Crisis? 02:26:36 – Economic and Political Takeaways for the Future 02:40:46 – Final Thoughts & Kevin Howard's Call to ActionLinks and Resources:Onward, At Last by Kevin HowardWebsite------------Quickly- I'm Scott Groves - Husband, Father, Loan Officer, Coach, Author, Podcaster, and Blue Belt in Brazilian Jiu-Jitsu. I gave up boxing, where I was 5-0 in amateur fights, when I turned 40. BJJ is safer for old men than getting punched in the head :-)You can find out everything about me HERE:⁠⁠www.LinkTr.ee/ScottLGroves⁠⁠This podcast is paid for and brought to you by.... by me, Scott Groves :-)Because I think these kind of long form conversations are valuable, I pay for 100% of the production of this show out of my pocket. This channel is FAR from monetization and because of the subject matter, may never be monetized.I am a Mortgage Loan Officer & Loan Officer Coach in real life. It's the money that I earn, from helping home-buyers and home-owners obtain home-loans, that pays for this show. If you, your friends, or your family are looking for a home loan from an honest Loan Officer, please contact me at Scott@ScottGrovesTeam.com or find all my links to connect HERE: www.LinkTr.ee/ScottLGrovesI can do the loan for you (our team is licensed in 8 states) - OR - I can refer you to an amazing loan officer in the state where you're searching. ON WITH THE SHOW!!!New Full Episodes are released every THURSDAY at 10:00am and clips are released frequently throughout the week. SO MAKE SURE YOU SUBSCRIBE!!!-------------

3pm: Metro to resume bus fare inspections: What to expect // Washington Supreme Court hands landlords major victory after CARES Act challenge // Starbucks lays off 1,100 corporate employees as coffee chain streamlines // President Says Workers Who Don’t Respond to Musk’s Email Risk Being Fired // 'It's just chaos': Local TSA employee gets conflicting messaging about job justification query // I Stand Corrected - Ask, Tell, Correct, or Yell at John about anything // Thoughts on Trump’s approach to Ukraine // Zelenskyy refuses to sign Trump’s rare earths deal — but official says pact is close // Gen-Z has rediscovered sabbaticals; dubbed them “micro-retirements”

When Does a 5 Day Notice Become a 30 Day Notice? ============= If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mark Ainley, Straight Up Chicago Investor Podcast Link: Enforcing the CARES Act 30-Day Eviction Notice Requirement ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.

Deric Gilliard went from the civil rights and social justice space into the Federal governement, where he worked 25 years. He served under the past 5 administrations and is an expert in health care policy and communications. We discuss the Affordable Care Act, the art of legislation, the polarization of politics, and other topics.Deric A. Gilliard retired in 2022, after 25 years as a federal employee working withpolitical appointees in the Clinton, Bush, Obama, Trump, and Biden administrations.Prior to his work as public affairs advisor to the HHS regional directors for the eightsoutheastern states, Gilliard served as the national communications director for Dr.King's organization, the Southern Christian Leadership Conference. Gilliard also workedin communications for two HBCUs and wrote for USA Today, Time, and the WichitaEagle-Beacon, and was an editor for the Atlanta Daily World. Gilliard is currentlyworking as a consultant with WSP, a multi-national company that was awarded a grantby the DOI to develop a National Park Service monument to honor and memorialize thecontributions of the 1961 Freedom Riders. He is a career communications professionaladept at strategic planning and the execution of communication strategies that promoteorganizational messaging and branding. Key policy issues within his portfolio includethe Affordable Care Act, maternal health, HIV/AIDS, SUDS, Medicaid expansion,healthcare access, COVID, diversity, and the CARES Act. A public speaker andhistorian, Gilliard spoke to the troops in Germany shortly before Desert Storm andserved as the first keynote speaker at the Rosa Parks Museum in Montgomery, AL. Theson of military parents, Gilliard also served as the principal non-Muslim promoter of theMillion Man March, covered the Atlanta Missing and Murdered Children cases andworked with SCLC President Lowery to raise the issues of economic justice, voterredistricting, and the burning of the black churches. Gilliard authored his master's thesison Joseph Echols Lowery and the Resurrection of the Southern Christian LeadershipConference. He is author of Living in the Shadows of a Legend: Unsung Heroes and'Sheroes' who Marched with Dr. Martin Luther King, Jr. Earning his B.A. in Journalismat the University of Kansas and his M.A. in African-American Studies at Georgia StateUniversity, Gilliard is a member of Omega Psi Phi Fraternity, Inc., and the NationalAssociation of Black Journalists.

Welcome to the Financial Freedom & Wealth Trailblazers Podcast! In this episode, we'll dive into one of the most powerful strategies you can use: leveraging real estate to not only grow your wealth but also keep more of it in your pocket.  Jon Chan's journey into real estate began in March 2020, when the world shut down, and he found himself sitting at a breakfast table-turned-shared desk with his pregnant wife. It was a moment of realization: if one of them couldn't work, they wouldn't be in a good position. With no playbook for navigating a pandemic, Jon began searching for a better way. At the time, Jon was managing properties for his father, and while he'd always heard that real estate was the path to wealth, the numbers didn't seem to add up. Motivated and curious, he searched YouTube for “how to scale in real estate,” which was the catalyst for change. Taking a leap of faith, Jon used the CARES Act to pull out $200K and dove into the BRRRR method. He initially believed that success in real estate was as simple as “see property, buy property, collect rent.” However, he quickly discovered that building something meaningful required far more than numbers and transactions—it demanded grit, adaptability, and resilience. Real estate has become a transformative journey for Jon, not just as an investor, but also as a husband, father, friend, and son. It has challenged him to grow in ways he never anticipated, shaping how he approaches life and relationships. What began as a pursuit for financial security has evolved into a passion for building a future—brick by brick, lesson by lesson. Connect with Jon here:  https://www.facebook.com/jonchanrei https://www.linkedin.com/feed/ https://www.instagram.com/jonchanrei/ https://www.youtube.com/@jonchanrei =================================== If you enjoyed this episode, remember to hit the like button and subscribe. Then share this episode with your friends. Thanks for watching the Financial Freedom & Wealth Trailblazers Podcast. This podcast is part of the Digital Trailblazer family of podcasts. To learn more about Digital Trailblazer and what we do to help entrepreneurs, go to DigitalTrailblazer.com. Are you a coach, consultant, expert, or online course creator? Then we'd love to invite you to our FREE Facebook Group where you can learn the best strategies to land more high-ticket clients and customers.  QUICK LINKS:  APPLY TO BE FEATURED: https://app.digitaltrailblazer.com/podcast-guest-application DIGITAL TRAILBLAZER: https://digitaltrailblazer.com/

The US economy's extraordinary recovery since the darkest days of the COVID-19 pandemic has continued into the fall of 2025, with inflation retreating and the Federal Reserve cutting interest rates to keep jobs and investment humming along. Our expert panel discusses where the economy is growing fastest—and less fast—and what this means for state and local budgets and finances. Our panel of experts includes Rochester (Minnesota) Mayor Kim Norton, Georgia State Economist Robert Buschman, Fitch Ratings head of US State ratings Eric Kim, and PIMCO Senior Vice President Tom Schuette. Notable Quotes: “We were very pleased that money came directly to the cities and local jurisdictions, so we didn't have to go through a lot of time to get it through the state. It was very beneficial to get that money into our communities quickly, starting with ARPA and then the CARES Act funds.” - Mayor Kim Norton “Since the last quarter before the pandemic, Q4 2019, Georgia real GDP growth has run 2.4% per year, on average, slightly better than the 2.3% average for the nation. And though we had our own soft landing in the first half of 2023, we're up 3.5% since then, compared to 3% for the nation. Job growth has also outpaced the nation for most of the expansion.” - Bob Buschman “Growth coming out of the pandemic has been very robust nationally, so strong in fact that it beats expectations month after month, quarter after quarter, year after year. I think most economists were anticipating a recession for about two years before finally giving up and accepting that the economic growth was simply going to continue, even with the Federal Reserve ratcheting up interest rates above 5%.” - Eric Kim “I think in 20-plus years doing this at a rating agency and also on the buy side, I would argue that I've never seen the public sector so well-prepared for any turbulence or volatility on the revenue or expenditure side as they are right now.” - Tom Schuette Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.

Dennis is joined by Shawn Donovan, an Economic Recovery Corps (ERC) Fellow working in West Virginia. They discuss the Economic Recovery Corp, what it is like to be an ERC Fellow and Shaun's work in West Virginia. New River Gorge National Park ERC Project Project Title: Redefining West Virginia's Region 1's Economy; Life After Coal Host Community or Region: West Virginia Host Organization: Region I Planning & Development Council, in collaboration with the Town of Fayetteville, WV A New Partnership for Economic Transformation - 65 Fellows, 65 Catalytic Projects, 42 States, 2 Territories The Economic Recovery Corps (ERC) program launched in 2023 through a $30 million cooperative agreement with the U.S. Department of Commerce's Economic Development Administration (EDA). Funded through the CARES Act, ERC aims to address long-standing economic disparities in America that surfaced during the COVID-19 pandemic, build capacity in  -hard-hit communities, and cultivate the next generation of economic development leaders. The ERC program is led by the International Economic Development Council (IEDC) in partnership with six leading national organizations from across the economic development landscape. Over a 30-month Fellowship, 65 Fellows are working alongside Host Organizations in under-resourced communities, building a nationwide corps of diverse, cross-sector talent with the skills and expertise to activate regional strategies and promote innovation. The Fellowship promotes connectivity and knowledge-sharing among urban, rural, and tribal areas to elevate new practices and transform the field of economic development.

In this episode of our podcast, we sit down with Brock Blake, the co-founder and CEO of Lendio, to discuss the incredible journey of his company during the COVID-19 pandemic and beyond. Brock shares how Lendio pivoted to help hundreds of thousands of small businesses access vital funding through the Paycheck Protection Program (PPP) and the challenges they faced along the way.We dive into the impact of the pandemic on small businesses, the importance of integrity in lending, and the innovative technology Lendio is using to streamline the loan process. Brock also discusses the company's exciting new SaaS products aimed at both lenders and borrowers, and how they are leveraging data to better serve the small business community.Join us as we explore Brock's insights on leadership, the entrepreneurial spirit in Utah, and the lessons he's learned over nearly two decades in the industry. Whether you're a small business owner, an aspiring entrepreneur, or just curious about the world of lending, this episode is packed with valuable information and inspiration.00:00 - Introduction and Overview of Lindio's Journey00:19 - Impact of COVID-19 on Lindio01:54 - Challenges and Sacrifices During the Pandemic02:35 - Survival Mode and Motivation03:49 - Navigating the CARES Act and Compliance05:14 - Fraud and Scams During the PPP07:20 - Comparing Fraud Levels Across States08:03 - Identity Verification and Technology Use11:02 - AI's Role in Lindio's Operations13:19 - Why Lindio is Not a Lender14:48 - Longevity in Leadership and Experience16:08 - Insights on the State of the Economy19:05 - Phase Two: New Products and Services25:09 - SBA Loan Processing Improvements25:47 - Traction with Bank Products26:50 - Motivation and Daily Routine30:03 - Leadership Lessons Learned31:11 - Utah's Unique Business Environment32:04 - Final Thoughts on Giving ChancesIf you enjoyed this video and want to support us please leave a LIKE, write a comment on this video and Share it with your friends. Subscribe to our channel on YouTube and click the icon for notifications when we add a new video. Let us know in the comments if you have any questions. Our website: https://www.siliconslopes.comShow Links: https://www.lendio.com/Social:Twitter - https://twitter.com/siliconslopesInstagram - https://www.instagram.com/siliconslopes/LinkedIn - https://www.linkedin.com/company/silicon-slopes/YouTube - https://www.youtube.com/channel/UC8aEtQ1KJrWhJ3C2JnzXysw

In this episode of the Friends for Life Podcast, we dive into the critical discussions happening in Congress as the deadline for the Autism CARES Act reauthorization looms. The Autism CARES Act, a vital piece of legislation that has been the backbone of federal support for autism since 2006, is set to expire on September 30, 2024. With both the Senate and House proposing their versions of the bill, the future of autism research, services, and support hangs in the balance. We explore the key differences between the proposed bills and what they mean for the autism community. From increasing funding to introducing new provisions that focus on aging and speech limitations, these changes could significantly impact the lives of individuals with autism. The episode also discusses the importance of ensuring that federal investment aligns with the community's needs, particularly for those requiring 24-hour care and young adults transitioning to adulthood. As the deadline approaches, the urgency for action becomes more apparent. Join us as we unpack the potential implications of the Autism CARES Act's renewal and what it could mean for millions of people across the country. Will Congress come together to secure the future of this critical legislation, or will the autism community face a gap in essential support? Listen in to find out.

Frankly, we should probably trace this crisis back to Woodrow Wilson in 1913 and the establishment of a private banking cartel (The Federal Reserve) which has printed this nations currency into oblivion while funneling cold hard cash to the well-connected corporate, banking and government class for over 100 years.Or perhaps it was Nixon going off the gold standard in 1971 which took the shackles off the FED and created the drunken sailor spending politicians of the 20th Century. We could also scrutinize the 2008 real estate collapse which introduced us to ‘too big to fail' which bailed out Wall Street while screwing Main Street and finally the bubble bandaids and private equity schemes which have superficially inflated our economy ever since. It's a lot.The point is … this moment has been a long time coming, there are many culprits and there is NO easy way out. Simply labeling this ‘The Kamala Crash' is lazy and superficial.But a good start is the TRUTH. It will set us free and if we're honest … it was COVID Lockdowns, the establishment of ‘essential vs. non-essential' and a tidal wave of CARES Act debt spending that drove the final nail in the coffin and set us on the path to economic destruction.We START the discussion today on The Shannon Joy Show._______________________________Show Resources & Links:The CARES Act Sent You a $1,200 Check but Gave Millionaires and Billionaires Far Morehttps://www.propublica.org/article/the-cares-act-sent-you-a-1-200-check-but-gave-millionaires-and-billionaires-far-moreAn Editorial Comment on Private Equity - By Catherine Austin Fittshttps://brownstone.org/articles/hotez-calls-for-police-deployment-against-anti-vaxxers/You ARE The Commodity - Surveillance Capitalism - By Dr. Robert Malonehttps://brownstone.org/articles/surveillance-capitalism-you-are-the-commodity/_________________________________Please Support Our Sponsors:THRILLED to welcome Patriot Mobile to the Shannon Joy family of sponsors!! The LEADING Christian, conservative telecom company and the very definition of parallel economies. SWITCH today at www.patriotmobile.com/joy and use the promo code JOY for a FREE month of service!!Colonial Metals Group is a valued sponsor of the SJ Show! Set up a SAFE & Secure IRA or 401k with a company who shares your values and supports this show! Learn about your options HERE ——> https://colonialmetalsgroup.com/joySPECIAL OFFER: Get a FREE bottle of Nano Powered Omega-3's with your purchase of The Liver Health Formula!Go to GetLiverHelp. Extra special bonus from Field of Greens!!!!Plug in the promo code SHANNON for an additional 15% off your purchase!Go to www.fieldofgreens.com to shop and save! Support the Show.Please Support Our Sponsors! Achieve financial independence with Colonial Metals Group!!! Set up a SAFE & Secure IRA or 401k with a company who shares your values and supports this show! Learn about your options HERE ——>https://colonialmetalsgroup.com/joy Get FIT and healthy with your daily serving of Field of Greens!!! Go to www.fieldofgreens.com and use the promo code JOY for 15% off! For TOTAL phone security and privacy check out our sponsors at Connecta Mobil! Visit them TODAY at www.Phone123.com/Joy Or talk to a real person by calling: 941-246-2156

Michigan Attorney General Dana Nessel says criminals have been calling Michiganders and telling them they have CARES Act money available but must claim it immediately. WWJ's Greg Bowman reports the bad actors use that as an opening to steal your personal information. -- Good news for borrowers: The Federal Reserve seems increasingly convinced that the inflation rate will drop to the desired 2% which could signal rate cuts in the coming months.

What's poppin, con-gregation? Caleb Hearon joins us to discuss a cheating chief of police who falsified documents to hide his many affairs. Plus, a Texas resident scams millions of CARES Act money from Uncle Sam. Stay schemin!  Research by Sharilyn Vera.  Pre-Order Laci's book “Scam Goddess: Lessons from a Life of Cons, Grifts and Schemes.”  https://www.hachettebookgroup.com/titles/laci-mosley/scam-goddess/9780762484652/?lens=running-press On Sunday, Sept. 22nd, Laci will be hosting the Scam Goddess Live: 5 Year Anniversary @ the Regent Theatre in Los Angeles.  For Tickets: https://regentdtla.com/tm-event/scam-goddess-live-five-year-anniversary/ Follow on Instagram: Scam Goddess Pod: @scamgoddesspod Laci Mosley: @divalaci Caleb Hearon: @sooootruepod  SOURCES:https://heavy.com/news/jason-collier/https://www.dallasobserver.com/arts/three-timing-texas-police-chief-jason-collier-arrested-by-texas-rangers-11982954https://abc7news.com/ppp-fraud-houston-covid-funds-scam-business-owners-bought-luxury-cars-with-loans-ladonna-wiggins/10385500/

In this episode, we look at the intentional financial collapse of the United States, that will usher in Universal Basic Income. Website: thefacthunter.comEmail: thefacthunter@mail.comSnail Mail: George Hobbs PO Box 109 Goldsboro, MD  21636Show notes Will Trump chicken out of the presidential debate? Probably. He's a Grade-A coward. https://www.usatoday.com/story/opinion/columnist/2024/06/25/trump-biden-presidential-debate-cnn-rigged/74195698007/ Over 1,700 Ukrainian forces killed in 24 hours: Russia https://www.presstv.ir/Detail/2024/06/24/728059/Over-1,700-Ukrainian-forces-killed Covid-19 pandemic will ‘bring socialism to US' and transform the world – Nassim Taleb to RT https://www.rt.com/news/497465-nassim-taleb-pandemic-socialism/?ysclid=lxt46t5fjz706201515 Americans Must Now Accept The Hard, Cold Reality That The Coronavirus Outbreak Is Intentionally Being Used To Collapse The U.S. Economy https://www.nowtheendbegins.com/coronavirus-crisis-being-used-to-crash-american-economy-cloward-piven-strategy/ Cloward–Piven strategy https://en.wikipedia.org/wiki/Cloward–Piven_strategy Richard Cloward https://en.wikipedia.org/wiki/Richard_Cloward Democratic Socialists of America https://en.wikipedia.org/wiki/Democratic_Socialists_of_America Guaranteed minimum income https://en.wikipedia.org/wiki/Guaranteed_minimum_income Why you need to know about the Cloward-Piven strategy for destroying America https://www.naturalnews.com/052296_Cloward-Piven_strategy_liberals_destruction_of_America.html CARES Act https://en.wikipedia.org/wiki/CARES_Act Consolidated Appropriations Act https://en.wikipedia.org/wiki/Consolidated_Appropriations_Act,_2021 Rudy Davis Website https://yearofjubile.com Jeremy Brown https://www.jeremybrowndefense.com USSG Firearm Violence Pamphlet https://www.hhs.gov/sites/default/files/firearm-violence-advisory.pdf Orioles Pride Night https://www.thefacthunter.com/post/mlb-pushing-pride-agenda-on-our-youth

In this FPS Podcast Episode, my guests are Britt Biles of Womble Bond Dickinson and Tom Reynolds of HKA and we discuss the CARES Act and how four years after it was enacted, the Federal Government continues to investigate fraud and misappropriations of funds related to it.  CARES Act was meant as an emergency fund for businesses and other entities to allow the continuity of daily business operations to continue during the peak COVID-19 pandemic.  However,  it also became a money-grab for fraudulent activity.  The Federal Government has been actively investigating organizations for fraud and misappropriations even if the organization followed procedures to acquire the funds.  Britt and Tom discuss what is the current situation and how to organizations are dealing with the investigations.

I'm not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.When you purchase an item, launch a campaign or invest after clicking a link here, we may earn a commission. Engage to support our work.In today's episode of "Superpowers for Good," I had the pleasure of hosting Chris Miller, Founding Board Member and Chair of the National Coalition for Community Capital. We delved into an exciting discussion about diversified community investment funds, a vital tool for anyone interested in building vibrant, resilient communities.Chris eloquently introduced us to the concept and evolution of these funds, explaining their transformation from a theoretical concept to a practical solution energized by investment crowdfunding. As Chris noted, these funds are about harnessing local capital to solve local problems effectively, and he shared how these funds enable regular people to invest in the well-being of their communities.“The background is that there's been a fleeing of the idea that capital is controlled locally to it now being controlled by a very small number of people who don't live in your community,” Chris explained. He passionately argued for the return of local capital control, which investment crowdfunding facilitates, allowing community members to contribute to local businesses and projects.Moreover, Chris highlighted the dual focus of these funds on real estate and community businesses, emphasizing that while 60% of investments must be in real estate, the remaining can flexibly support local enterprises. This structure not only addresses urgent needs like housing but also bolsters local businesses, crucial for community vibrancy.One of the most compelling parts of our conversation was when Chris discussed the potential of these funds to make significant, tangible impacts: “Even a few million dollars here or there, you're talking real money, right?” This statement highlights the practical benefits and real-world applications of community investment funds, highlighting their role in revitalizing and transforming communities.As we wrapped up, Chris's enthusiasm was palpable. He shared his excitement about upcoming projects in Detroit and Cincinnati, where these funds are set to make a substantial impact. It's clear from our conversation that diversified community investment funds not only offer a promising avenue for economic development and community resilience but also represent a profound shift towards more equitable and locally-focused investment strategies.For anyone interested in sustainable community development and economic resilience, this episode is a treasure trove of insights and actionable ideas, all thanks to Chris's deep expertise and commitment to community capital.AI Episode Summary1. The episode features Devin Thorpe hosting Chris Miller from the National Coalition for Community Capital, focusing on diversified community investment funds, a key tool for community builders.2. Chris Miller describes his dual role working for a leading observatory telescope manufacturer and dedicating half his week to advancing community capital with NC3, a movement borne from economic development challenges in Michigan during the Great Recession.3. Miller discusses the initial logical and philosophical discussions around investment crowdfunding at NC3's inception, highlighting its importance in enabling non-accredited investors to invest locally and contribute to community well-being.4. The episode explores the limitations of charitable loan funds in community investment, pointing out their restrictions on investment returns and their charitable purpose constraints, which make them unsuitable for broader community wealth-building efforts.5. Diversified community investment funds are introduced as a solution that allows for pooled resources to be reinvested locally, with a primary focus on real estate investments and the flexibility to support various local businesses and projects.6. The structure and legal underpinnings of creating such funds are elaborated, with an emphasis on staying compliant with the Investment Company Act of 1940 by primarily investing in real estate while also supporting other community ventures.7. Chris Miller shares examples of piloted funds in Detroit and Cincinnati, aiming to rejuvenate neighborhoods through coordinated efforts involving local nonprofits, faith-based institutions, and innovative building projects to stimulate economic and community development.8. The conversation addresses the process of raising capital under regulation crowdfunding for these funds, detailing the strategic use of exemptions under the Investment Company Act that allow for raising money from non-accredited investors.9. Upcoming engagements and opportunities to learn more about diversified community investment funds are mentioned, including Chris Miller's speaking event at SuperCrowdChicago and other informational resources available through NC3.10. The episode wraps up with a discussion on the potential impact of these investment funds on community revitalization, wealth building, and the importance of capital recirculation within local economies for sustainable development.Guest ProfileChris Miller (he/him):Founding Board Member and Chair, National Coalition for Community CapitalAbout National Coalition for Community Capital: NC3 works to advance the Community Capital movement. This engagement of regular (retail) investors into businesses and projects in their own communities empowers citizens while it builds financial resilience and wealth for individuals and communities.Website: NC3now.orgLinkedin: linkedin.com/company/nc3now/Biographical Information: Chris MillerBoard Chair/Founding Member, National Coalition for Community Capital (NC3)Chris Miller is chair and one of the founding board members of the National Coalition for Community Capital, a 501c3.  Among NC3's goals are to empower ordinary citizens and strengthen local economies though community investment and ownership, with particular attention to wealth-building by non-accredited investors and to underserved populations and communities.Chris has been working on community, economic, and entrepreneur development in Michigan for nearly 20 years in a variety of roles, including as an appointed and elected city official, as a board member and frequent chair of a variety of community and economic development organizations, as a partner with student teams from the University of Michigan and Michigan State University,  as an Innovation Fellow at the Michigan State University EDA Center for Regional and Economic Innovation, and as the City of Adrian's economic developer. During that time, in addition to securing millions of grant dollars and matching private investments, he also developed a local investor group, led a community business plan competition, and worked with local schools to implement entrepreneurship education. While working his day job in Adrian, he also introduced and championed Michigan's MILE – an investment crowdfunding exemption that served as a national model, and he currently has introduced legislation that would create a first-in-the-nation investment incentive available to any state resident regardless of wealth.During 2023, Chris worked extensively on a new program the International Economic Development Council developed called the Economic Recovery Corps. Funded with Cares Act dollars from the Economic Development Administration, 65 ERC Fellows were awarded to 65 hosts from across the county. The Fellows will work full time with their hosts for 2.5 years addressing underserved communities in a variety of economic and community development projects. NC3 was awarded a Fellow to work in Michigan in the start-up and incubator space, adding community investors to capital required by new or expanding businesses.Over the past decade, Chris has spoken across the country on the promise and future of community capital, while also working on the ground on donation and investment crowdfunding campaigns with communities and entrepreneurs. Chris is the developer and lead for NC3's Community Capital Accelerator which is now piloting NC3's Diversified Community Investment Fund in large projects in Detroit, Michigan and Cincinnati, Ohio, and expects to see the launch of funds in Rhode Island and Petoskey, Michigan in 2024.  In addition, the organization is working on projects in nearly a dozen states.  Today, Chris and his wife Joyce own and live in a 170-year-old downtown Adrian building where they renovated the commercial floor for The Buzz Café and Marketplace.  Joyce and her business partners opened The Buzz during COVID, after an investment crowdfunding campaign that received investment from 45 investors in 7 different states.  When not working on their building renovation, Chris led the team that brought PlaneWave Instruments from California to Michigan and now serves as their Special Projects Consultant.  In that role, Chris serves as the primary community and education outreach lead, manages campus arts partners, and works with economic development organizations as well as State and Federal governments to secure resources for PlaneWave.  From their headquarters in Michigan, PlaneWave leads the world in the design and manufacture of high-tech observatory-class research telescopes.Linkedin: linkedin.com/in/christopher-miller-93391378/Upcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.* Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on May 21, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, you must first become an Impact Member of the SuperCrowd.* SuperCrowdHour, May 15, 2024, at 1:00 Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At this month's webinar, Bill Huston will share “Unleashing the Power of Crowdfunding for Affordable Housing.” Register here.* SuperCrowdChicago, June 12, 2024. This in-person event at Columbia College Chicago features some of Chicago's prominent citizens and community leaders, along with crowdfunding experts. Use the discount code “SuperCrowd” to save 30 percent!* Recently, we created an AI GPT to help you learn more about The Super Crowd, Inc., a public benefit corporation, and our upcoming events. Click here to try it.SuperCrowd Community Event Calendar* Successful Funding with Karl Dakin, Tuesdays at 10:00 AM ET * KingsCrowd's upcoming Demo Day, Thursday, May 16th at 12:00 am ET/9:00 am PT* Crowdfunding Professional Association Webinar, May 29, 2:00 PM ET* The Reg A & Crowdfunding Conference, June 20, Westchester Country Club (Save 20% with the code Super20)* Crowdfunding Professional Association, Summit in DC, October 22-23Click here to submit an event for us to share with the 4,500+ members of the SuperCrowd.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Send us a Text Message.On today's episode, we talk with Deborah Green. Deborah retired after 30 years of dispatching for both the Sacramento Police Department and the El Dorado County Sheriffs Office. Deborah was on duty the night of October 23, 2019 when she dispatched a call that no dispatcher ever wants to experience. The reports of "Shots Fired" and "Officer Down". We talk about her career and how that one night changed everything. Did you know that 9-1-1 dispatchers are currently not classified as first responders?Hard to believe, I know. At zero cost to American taxpayers, the 9-1-1 SAVES Act reclassifies 9-1-1 dispatchers as first responders and recognizes America's over 100,000 9-1-1 professionals for their work to save lives. Info on the 911 Cares Act below:https://www.congress.gov/bill/117th-congress/house-bill/2351&https://www.afscme.org/blog/911-saves-act-would-honor-dispatchers-give-them-access-to-additional-resourcesSupport the Show.

In this episode of the Inspired Money Live Stream Podcast, we take a fascinating journey through history's most significant economic downturns. Joined by guest experts Caleb Silver, Chris Wang, and Gary Brode, we discuss the complexities of financial crises and crucial lessons learned from the past. Episode Highlights: Exploring Economic History and Its Lessons "Financial Lessons from History: Insights from Economic Crises" served as a profound exploration of how past financial disasters have shaped the current economic strategies and investor behaviors. Our distinguished guests shared their insights, offering listeners a comprehensive view of the cyclical nature of markets and the importance of preparedness.

On today's episode Rich sits down with Savannah Arroyo “The Networth Nurse” - Entrepreneur, Real Estate Investor, Part-time Nurse, CEO & Founder of Networth Nurse, Author, and Coach. Savannah has worked as a Registered Nurse for over ten years, with extensive experience in leadership and healthcare administration. Through her personal brand, Networth Nurse, Savannah has helped hundreds of nurses with their finances. With an emphasis on education, Savannah leveraged her brand to purchase over $15M of real estate, partnering primarily with healthcare professionals to scale her portfolio. Eager to address financial literacy for the entire healthcare community, Savannah sought to expand her efforts by creating InvestHealth, a Financial Health Benefit for Healthcare Companies. Rich and Savannah start off by discussing meeting on Rich's old podcast and what Savannah has been doing since, investing in startups, being passionate about the healthcare community, what it was like working in healthcare during the COVID-19 pandemic, Savannah's work history as a nurse, Savannah's real estate portfolio, the current market rate environment, thinking long term, and where Savannah sees opportunity in Oregon.They then reflect on Savannah's search criteria for deals, seller financing and loan servicing, Savannah's startup - InvestHealth, financial literacy, paying off student loans, connecting Savannah's company to healthcare companies, in-person speaking events, and active vs passive investing.Lastly, they talk about the opportunity of investing with retirement funds, the opportunities of the tech space, the CARES Act, education and automation in real estate, withdrawing money from 401ks, Forex Trading, Savannah's real estate portfolio, what she's looking forward to in 2024, and celebrating financial freedom. Connect with Savannah on Instagram: @thenetworthnurseVisit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchaseBook a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

“The State of Post-Pandemic Evictions: Where Are We Now?” – KSN landlord/tenant attorney Jessica Ryan discusses important legal updates impacting Illinois landlords and rental property managers. Topics include the CARES Act, Cook Counties Early Resolution Program (ERP), rental assistance, and more. (64 mins.)

Democracy stands as one of humanity's most treasured institutions, but what if the very foundation it's built upon is less solid than we believe? What is an epistocracy and how could it work better as a form of government?Jason Brennan is a professor at Georgetown University and the author of several books. His latest work is titled Against Democracy.Jason and Greg discuss how voting, often romanticized as the pinnacle of civic duty, hides a twisted web of irrational loyalties and tribal instincts that can lead us astray. Jason explains the historical context of political discord and the role of expertise in an era where trusted figures become polarizing symbols. They scrutinize the influence of political factions and social signaling, the curious ways in which political interests align across different cultures, and whether deliberation in democracy genuinely elevates decision-making or merely intensifies division. Jason concludes by revealing the hidden trials and tribulations of pursuing a PhD, and the emphasis on research productivity over teaching, the financial realities of academic life, and the necessity of guidance for non-academic careers.*unSILOed Podcast is produced by University FM.*Episode Quotes:Why don't voters admit their ignorance and defer to experts in policy matters?16:37: You're right that even in markets when we do a lot of delegation, however, we still have a kind of check on this, right? So, I know only the most basic plumbing. So if I have any big problem, I'm going to have to call the plumber in. But when the plumber leaves, I can tell if there's still a leak underneath the bathtub, right? It's like, well, the water is still dripping, so he must have done a bad job. I couldn't fix it myself, but I can check to see whether he fixed it. [17:09] We don't have that same ability when it comes to politics. If a person implements a policy, I put in the Cares Act; did that make things better? How would you know? How would you measure that? That takes expert ability, not just to sort of know what's happened in the past five years as a result of it, but to disentangle the effects of that policy from all the other confounding things. I mean, you and I see policy papers where people try to do this, and it's extremely difficult. So the average person doesn't know how to do that. They do, however, defer to experts in a way, but the experts they defer to are people like comedians on late-night TV who make fun of the other side.Politics as Social Signaling28:46: A lot of what we're doing with politics is this kind of signaling to one another: we're the right kind of person, we're good, we're virtuous, we're kind. Please like me, be my friend, etc. I think that's what's happening in politics. We're using our vote as a way of getting social benefits for ourselves.Why does Europe's political landscape look different?23:21: One of the reasons why I think political distances, or differences, are less pernicious in most of Europe than they are in the U.S. is partly because when you have proportional voting systems, you have more viable political parties. And as a result, it's like your neighbors are all going to be people at different parties. It's really hard for you to segregate yourself in terms of your work, where you live, whom you date, and whom you befriend, because there's just so much variation. So, you can't afford to make that the same kind of signal that you do in the U.S., we have a first-past-the-post voting system that predicts there's going to be two major parties, and I think we get this behavior as a result.In politics, you don't get the same kind of reward-punishment system that you get elsewhere15:42: When it comes to politics, there are only two major parties, and so you can afford and get rewarded for excluding a bunch of people and just playing along with your team. So I think the incentive structure of politics is worse than the incentive structure we have in most other aspects of our lives.Show Links:Recommended Resources:EpistocracyJeremy WaldronAlexis de TocquevilleVoltaireJean-Jacques RousseauThomas ChristianoJohn RawlsGuest Profile:Faculty Profile at Georgetown UniversityWikipedia PageProfile on PhilPeople.orgHis Work:Amazon Author PageBusiness Ethics for Better BehaviorAgainst Democracy: New PrefaceDemocracy: A Guided TourCracks in the Ivory Tower: The Moral Mess of Higher EducationGood Work If You Can Get It: How to Succeed in AcademiaPolitical Philosophy: An Introduction (Libertarianism.org Guides Book 1)Injustice for All: How Financial Incentives Corrupted and Can Fix the US Criminal Justice SystemLibertarianism: What Everyone Needs to Know?Why Not Capitalism?When All Else Fails: The Ethics of Resistance to State InjusticeWhy It's OK to Want to Be RichIn Defense of Openness: Why Global Freedom Is the Humane Solution to Global PovertyA Brief History of Liberty (Brief Histories of Philosophy Book 1)Compulsory Voting: For and AgainstGoogle Scholar Page

Today, experts Toby Mathis, Esq., and Elliot Thomas, Esq., explain valuable tax strategies for real estate investors, traders, and various income earners. You'll hear about the optimal tax classifications for short-term rentals, using retirement funds for real estate investment, and the transition from W-2 to 1099 income for tax benefits. Additionally, Eliot and Toby discuss maximizing deductions through trading partnerships, the benefits of Health Savings Accounts, vehicle write-offs, and home office deductions. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: Is short -term Airbnb and VRBO (short term rentals) under Schedule C or Schedule E? - if it's just bare oversight management, etc. That might put it on Schedule E. Schedule C is if you have more substantive activity you're putting into it. I was told I could use my company assets of 401k to loan money to buy real estate investment. Is that true? If so, how? - its true, one is allowed to take a loan out by law, if your plan allows for it. If you don't pay it back it becomes taxable income. How how can I position my child's college tuition as a business expense? - let's say your child's handling the bookkeeping for your corporation, and they're taking accounting classes, then you can deduct the classes related to what that child's already doing in the corporation. What percentage of gains do I need to pay tax on if I trade for it, if I trade forex and if I put money into a holding LLC? Can I minimize it? - often it's gonna be section 1256, and You get a treat 60% as a long-term capital gain, and the other 40% is gonna be short-term capital gains, which means you're at your ordinary tax bracket rates. How do I deduct expenses if I have a W2 and a 1099? - generally speaking, on a W-2, there's nothing you can deduct business-wise against. If you had expenses that you incurred in order to get your W-2 income, they took that section away with the Tax Cut and Jobs Act back in 17. I just started my small business of being a mortgage broker. I own a single family rental about an hour from my house. Can I take a tax deduction for mileage expenses if I use my vehicle for both businesses? What about taking deduction on one car for mortgage and take deductions on the other car for the rental property? - We're going to recommend your vehicles be titled in your personal name. Usually we're going to deduct that mileage. If I purchased a property to rent it and I have it as an Airbnb and I did a lot of work in 2023, can I claim all the expenses for 2023 tax year, even if the house was not rented at all in 2023 because of work is estimated to be complete in quarter one of 2024. - You can in 2024, but we can't go back to ‘23, when the expenses were incurred, because it wasn't placed in service yet. Can I make charitable contributions from my business LLC income and take it as a business tax deduction? Due to the standard deduction, I can't deduct them from my personal return. - If it's a C corporation, then the C corporation can deduct up to 10% of its net income. Used to be 25% during the CARES Act but they've moved it back to the traditional 10% of your net income Started regular 15-year depreciation for capital improvement of rental property in 2021, didn't know any better. I switched to bonus depreciation and claimed the remaining amount in 2023. Are any home improvement projects tax deductible? - At its base level, no. But if you happen to have a home office, and you have a C corporation or an S corporation, then any your home improvement projects, yes, they will be deductible in the sense that if it's directly related to the office Resources: Free Emergency Estate Planning Kit https://aba.link/nzj Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=how-to-report-income-from-a-short-term-rental-property Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons  

Noticias Con Café 14/02/2024 Descubrimos quienes fueron los recipientes de $24M de los fondos que el Tesoro Federal autorizó para Puerto Rico y que ocultaron AFAF y Hacienda bajo Omar Marrero y Francisco Parés Alicea. Además, te traemos quienes son los nuevos recipientes de donativos políticos de la familia Stubbe y cuánto donaron en el momento en que el Gobierno le dio dinero de Cares Act. El Cano Delgado es dueño del negocio donde se registró la masacre en Toa Baja desde octubre del año pasado. Los federales volverán a la carga de lo que no hacen las autoridades de la Policía y Departamento de Justicia. ¡Sintoniza y Comparte! #periodismoindependiente #periodismodigital #puertorico #federicostubbe #joannerodriguezveve #felixdelgado

This week's episode covers a proposed rule on salary-history bans and pay transparency for job applicants and employees of federal contractors and subcontractors, a claim relating to Section 3610 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, new requirements for U.S.-based Infrastructure as a Service providers, and recent updates to the 1260H List, and is hosted by Peter Eyre and Yuan Zhou. Crowell & Moring's "Fastest 5 Minutes" is a biweekly podcast that provides a brief summary of significant government contracts legal and regulatory developments that no government contracts lawyer or executive should be without.

This Day in Legal History: The Maastricht Treaty Creates the EUOn this day in legal history, the Maastricht Treaty stands out as a monumental agreement that reshaped the political and economic landscape of Europe. Signed on February 7, 1992, by the members of the European Community, this pivotal treaty marked the foundation of the European Union (EU), a milestone in the integration of European countries. Officially known as the Treaty on the European Union, it signified a new era of cooperation and unity among its signatories.The Maastricht Treaty introduced significant legal and political changes, establishing the EU's three-pillar structure consisting of the European Communities, Common Foreign and Security Policy, and Justice and Home Affairs. This structure was designed to enhance economic collaboration, ensure stability, and promote a more harmonized approach to external relations and internal affairs among the member states.Going into force on November 1, 1993, the treaty set the stage for the introduction of a single European currency, the Euro, and laid the groundwork for the creation of the Schengen Area, enabling passport-free movement across member states. Furthermore, it established the criteria for membership in the EU, known as the Copenhagen criteria, setting the standards for new members aspiring to join the Union.Over the years, the Maastricht Treaty has undergone several amendments through subsequent treaties, such as those of Amsterdam, Nice, and Lisbon, each refining and expanding the EU's powers and scope. These amendments have contributed to the evolution of the EU, making it more efficient and better equipped to face the challenges of the 21st century.Today, the Maastricht Treaty is celebrated not only as the birth certificate of the European Union but also as a groundbreaking achievement in the quest for European integration and peace. Its signing on February 7, 1992, remains a landmark moment in legal and political history, illustrating the power of diplomacy and the enduring quest for unity among diverse nations.A US federal appeals court recently provided the Supreme Court with a potential exit from engaging in a dispute over Donald Trump's claim of immunity from criminal prosecution for alleged election interference. The US Court of Appeals for the DC Circuit issued a clear, well-reasoned 57-page decision unanimously rejecting Trump's assertion of absolute immunity for actions taken while in office, stating that such a claim "is unsupported by precedent, history or the text and structure of the Constitution." Legal experts commend the decision for its persuasive reasoning and thorough refutation of Trump's arguments, suggesting that the Supreme Court might be inclined to let the appellate court's ruling stand, avoiding further entanglement in Trump-related controversies.The decision was notable for its unanimous agreement among the judges, including appointees from both George H.W. Bush and Joe Biden, highlighting the legal community's broad consensus against Trump's position. The court criticized Trump's interpretation as "implausible," noting the lack of any precedent for requiring impeachment before criminal prosecution of federal officials. This unified stance from a diverse panel sends a strong signal to the Supreme Court, potentially reducing the likelihood of the justices taking up the case.Trump's response to the decision was sharply critical, framing it as detrimental to the presidency and the country, and his legal team is expected to seek Supreme Court intervention. Meanwhile, the backdrop of the 2024 presidential election adds complexity to the situation, with Trump facing charges related to his actions after the 2020 election and another legal battle regarding his eligibility to appear on Colorado's 2024 primary ballot under the 14th Amendment.Despite the DC Circuit's attempt to simplify the Supreme Court's decision-making process, the unprecedented nature of prosecuting a former president may compel the justices to review the case. Legal scholars are split on whether the Supreme Court will engage, recognizing the clear reasoning of the appellate court but also acknowledging the case's significant implications. Regardless of the Supreme Court's choice, the DC Circuit's decision stands as a robust rebuttal to Trump's claims, reinforcing the principle that no individual is above the law.DC Circuit Gives Supreme Court Easy Out of Trump Immunity FightTrump's New York criminal case, likely first for trial, faces crucial test | ReutersMergers and acquisitions (M&A) lawyers are experiencing a significant increase in workload due to the rising use of earnouts, a financial tool allowing buyers to delay full payment for a transaction until after the seller meets certain milestones. This tool has become particularly popular in recent years, especially in slow economic climates, as it helps bridge the gap between the buyer's and seller's price expectations while protecting buyers from future risks. Earnouts are now a common feature in negotiations, with their usage soaring in the last five years, contrasting sharply with the decline in overall deal volume.According to Bloomberg data, there were $80.2 billion in deals involving contingency payments last year, highlighting the growing reliance on earnouts despite a downturn in the economy and a drop in transaction volumes to $3.6 trillion, the lowest in recent years. The complexity of defining milestones and calculating payments significantly slows down transactions, increasing the legal work required to finalize deals.Earnouts have been particularly prevalent in the health and technology sectors, where early-stage companies often need capital for research and development before proving their concepts. These arrangements require careful negotiation to ensure both buyers and sellers agree on the metrics and accounting practices used to determine payouts.While earnouts can provide sellers with a significant portion of the sale price, they also introduce a level of uncertainty, as sellers must trust buyers to meet milestones that trigger these payments. Lawyers often advise sellers to be satisfied with the initial payment received at closing, treating any earnout payments as a bonus rather than a guaranteed sum.Disputes over earnouts are becoming more common, with an increase in legal dockets mentioning both earnouts and M&A. Lenders also play a critical role in these deals, often setting limits on earnout payments to prioritize repayment terms. Despite the potential for conflict, litigation remains relatively rare, as parties typically find it more beneficial to negotiate resolutions.M&A Lawyers See Flood of Work From Tool That Delays Deal PayoutsMarilyn Mosby, the former top prosecutor of Baltimore, was convicted in federal court for making a false statement on a mortgage application related to purchasing a Florida condominium. This conviction adds to her legal troubles, following two perjury convictions three months prior, where she was found guilty of falsely claiming financial hardship under the COVID-19 related provisions of the federal CARES Act to withdraw funds early from her retirement account. These funds were used for down payments on two Florida vacation properties. Despite being acquitted on a second count of falsifying a mortgage application for another Florida home, Mosby faces significant legal penalties, with the possibility of up to 30 years in federal prison for the mortgage application conviction and up to five years for each perjury count.Mosby, who gained national attention in 2015 for charging police officers in the death of Freddie Gray, had her career trajectory altered dramatically by these charges. At the time of the alleged offenses, she was earning a nearly $250,000 annual salary as Baltimore's state attorney. The case against her included allegations of misrepresenting a financial transaction between her and her husband to secure a lower mortgage rate. Mosby contends that the charges against her were politically motivated, aimed at undermining her re-election bid. The sentencing hearing for both cases has not yet been scheduled by U.S. District Judge Lydia Griggsby.Ex-top Baltimore prosecutor convicted of falsifying mortgage application | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Michael Faulkender is the Dean's Professor of Finance at Maryland Smith. He joined the University of Maryland in 2008 and was the Associate Dean of Master's Programs in 2017 and 2018. Dr. Faulkender left that role at the beginning of 2019 to serve as the Assistant Secretary for Economic Policy at the US Department of Treasury. In that role, he advised the Secretary on domestic and international issues that impacted the economy. During the COVID-19 pandemic, he assisted in negotiating the CARES Act and was the senior Treasury official who led the implementation of the Paycheck Protection Program (PPP). In January, he was awarded the Alexander Hamilton Award for Distinguished Leadership, the highest service award granted at the Department of the Treasury.His research lies at the intersection of financial economics and public policy. Examples include the job impacts of the PPP, corporate capital structure, risk management, corporate liquidity, and executive compensation. His work has been published in top academic finance journals, received numerous “best paper” awards, and has been cited in the Wall Street Journal, Washington Post, and The New York Times, among others.Professor Faulkender teaches classes in the MBA and EMBA programs at the Smith School. Professor Faulkender has a PhD in Finance from Northwestern and a Bachelor's Degree in Managerial Economics from UC Davis. He has also served as a faculty member at the Wharton School at the University of Pennsylvania, the Kellogg School at Northwestern University, and the Olin School at Washington University in St. Louis.Michael Faulkender PhD ~ Trump Administration Economist ~ Economic Plan Solves Momentous ProblemsOriginally Recorded on January 11, 2024Season 2, Episode 232Learn More at: GeneValentino.comImage(s) Courtesy of: Gene Valentino Join the Conversation: https://GeneValentino.com WMXI Facebook Page: https://www.facebook.com/NewsRadio981 More WMXI Interviews: https://genevalentino.com/wmxi-interviews/ More GrassRoots TruthCast Episodes: https://genevalentino.com/grassroots-truthcast-with-gene-valentino/ More Broadcasts with Gene as the Guest: https://genevalentino.com/america-beyond-the-noise/ More About Gene Valentino: https://genevalentino.com/about-gene-valentino/

Esto Es Lo Último 06/02/2024 Francisco Parés Alicea estaba en el Comité que desembolsó sobre $24M a entidades turísticas sin enviar contratos a la Oficina de la Contralora y sobre $2M a corporaciones e individuos que no cumplieron con la ley. En Vivienda, el hoy secretario de Vivienda, William Rodríguez Rodríguez dirigió AVP hasta el 2021 cuando se adjudicaron fondos sin contratos ni competencia. La vida más cara en la administración Pierluisi y la secretaria de DTOP le echa la culpa a pa administración Rosselló por aumento en la inspección. ¡Sintoniza y comparte! #periodismoinvestigativo #periodismodigital #yesminvaldivieso #franciscopares #carlossalgadoschwartz

Episode 154: Unlocking DPC's Legal Landscape: Dr. Phil Eskew Shares Expertise and TrendsIn this episode of the My DPC Story Podcast, Dr. Phil Eskew, a DPC physician, lawyer, and MBA, shares invaluable insights on the legal and regulatory aspects of Direct Primary Care (DPC). Dr. Eskew emphasizes the importance of clear patient agreements, discusses HIPAA compliance, HSA, and offers expert advice on DPC contracts and physician employment terms. He also provides key considerations for telemedicine models, state-specific regulations, and integrating clinical workflows. The episode delves into the significance of understanding the legalities of DPC and encourages listeners with legal questions to engage with the podcast. The episode offers a rich resource for DPC professionals, featuring discussions on legal, clinical, and administrative aspects of DPC, making it a must-listen for DPC physicians and those interested in the field.Join The Thrive Community Today: HERE Check out our DPC Swag Collections: HERESupport the showHave a DPC question?!? LEAVE US A VOICEMAIL HERE!Visit the DPC SWAG store HERE!Let's get SOCIAL! Follow My DPC Story! FACEBOOK * INSTAGRAM * LinkedIn * TWITTER * TIKTOK * YouTube

The recent resumption of student loan payments for millions of workers is impacting employees. Are you aware of how employers can help, reducing stress and turnover in the workplace? We'll explore how employers can provide support for employees during this challenging time. Listen in as we discuss: [0:50] The extent of student loan debt & who is most impacted [1:42] The impact on employees, turnover & stress [4:45] The cost to employers & what you can do [6:28] Tax-free student loan repayment under the CARES Act [8:36] 529 plans & how they can help [10:05] How the SECURE 2.0 Act can help starting in 2024 Copyright © 2023 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. This material is current as of the date of this episode (November 2023).

ChristiTutionalist Politics podcast (Freedom OF Religion, not From Religion)CTP: Weekly (weekends) News/Opinion-cast from #1 Bestseller Author Joseph M LenardListen on: Apple Podcasts Spotify Support the showKeep The Shannon Joy Show ON THE Air By Supporting The Sponsors! Buy Physical gold and Silver with Augusta at a GREAT price!!!

EPISODE SUMMARY: Unlock the mysteries of cost segregation and discover how it can boost your bottom line in our enlightening conversation with Erik Oliver from the Cost Segregation Authority. You'll gain a new perspective on how cost segregation can help real estate investors save on taxes. Erik, with his extensive accounting and sales background, will guide you through the intricate labyrinth of cost segregation and its importance in the real estate sector. See how CPAs can leverage this to specialize and offer more value to their clients. We'll also dig deeper into the 179D, the 45L, and other tax optimization strategies that can supercharge your current real estate portfolio. ERIK'S BIO: Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. GET IN TOUCH WITH ERIK: www.costsegauthority.com EPISODE CHAPTERS: (0:00:01) - Optimizing Real Estate Portfolio Erik and I discuss cost segregation, 179D, 45L, CPAs, and how it can save money. (0:11:07) - CARES Act and Tax Cuts Impact The CARES Act, Tax Cuts and Jobs Act, and bonus depreciation allow for 100% bonus depreciation of five-year assets in existing foreplexes. (0:21:41) - Deductions for Energy Efficient Real Estate The 179D and 45L tax deductions and credits can result in major savings for real estate developers since 2005, with additional benefits from the CARES Act and Tax Cuts and Jobs Act. For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal

Steve discusses why the CARES Act of 2020 unleashed every economic and moral evil we're dealing with in 2023 and how it cost Donald Trump his re-election. Then, Bob Vander Plaats from the Family Leader joins the show to talk about a recent (attempted) hit piece from Reuters on his organization. In Hour Two, Steve goes into great detail on why he endorsed Ron DeSantis for president. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mick Jagger, CrossFire Hurricane, And God Told Us So . . . Elvis Chan lies apparently under oath about the involvement of the FBI in the suppression of the Hunter Biden laptop story and a former FBI agent is expected to plead guilty for secretly working with a Russian oligarch. In this episode, join us to unpack the hypocrisy layered in both these events. We examine Ron Desantis' claims to be a futurist, but doubts persist about what plans he has to bring about this future; are these visionary enough? As he threads the needle concerning the election of Figurehead Biden, the American people still look for answers in an obviously sabotaged election.What does God's Word say? Matthew 24:4-254 Jesus answered: “Watch out that no one deceives you. 5 For many will come in my name, claiming, ‘I am the Messiah,' and will deceive many. 6 You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. 7 Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places. 8 All these are the beginning of birth pains.9 “Then you will be handed over to be persecuted and put to death, and you will be hated by all nations because of me. 10 At that time many will turn away from the faith and will betray and hate each other, 11 and many false prophets will appear and deceive many people. 12 Because of the increase of wickedness, the love of most will grow cold, 13 but the one who stands firm to the end will be saved. 14 And this gospel of the kingdom will be preached in the whole world as a testimony to all nations, and then the end will come.15 “So when you see standing in the holy place ‘the abomination that causes desolation,'[a] spoken of through the prophet Daniel—let the reader understand— 16 then let those who are in Judea flee to the mountains. 17 Let no one on the housetop go down to take anything out of the house. 18 Let no one in the field go back to get their cloak. 19 How dreadful it will be in those days for pregnant women and nursing mothers! 20 Pray that your flight will not take place in winter or on the Sabbath. 21 For then there will be great distress, unequaled from the beginning of the world until now—and never to be equaled again.22 “If those days had not been cut short, no one would survive, but for the sake of the elect those days will be shortened. 23 At that time if anyone says to you, ‘Look, here is the Messiah!' or, ‘There he is!' do not believe it. 24 For false messiahs and false prophets will appear and perform great signs and wonders to deceive, if possible, even the elect. 25 See, I have told you ahead of time.Episode Episode 1,010 Links:Happening Now: Former FBI agent Charles McGonigal is expected to plead guilty to working for a Russian Oligarch. This is the same agent who started the entire “Crossfire Hurricane” investigation into Trumps team when he sent an email about George Papadopoulos having dirt on Hillary!He played a crucial role into the investigation of Trump and the Special Counsel led by Robert Mueller. Now we're learning he worked secretly for a Russian the entire time. Is anyone surprised how corrupt our DOJ is? They always blame Trump for what they're actually doingFBI Special Agent Elvis Chan, who is responsible for colluding with Twitter & META to censor the Hunter laptop story, lied under oath about communications with Big Tech giants. The FBI is the biggest threat to democracy in America.DeSantis says if the 2024 election is a referendum on Jan. 6, 2021 or "what document was left by the toilet at Mar a Lago [...] We are going to lose."CNN, MSNBC, ABC, CBS, & NBC did not spend ONE second covering the heartbreaking testimony from Gold Star families who lost loved ones in Biden's horrific Afghanistan withdrawal. The legacy media is truly disgusting. Protecting Biden is their only goal. The Gold Star parents of Staff Sgt. Darin Taylor Hoover, who was killed during Biden's Afghanistan withdrawal, express their anger at the Biden administration. “The door was slammed shut on this investigation...We've had nothing for the last two years.” The US Post Office Supports The Democratic Party & Then Bags Stuffed With Valid, Completed Ballots Found In The California Santa Cruz MountainsCorroborated eyewitness testimony under penalty of perjury testifies: 130,000 - 280,000 completed ballots for the 2020 Presidential election were borrowed from the gracious State of New York by the battleground, the commonwealth of Pennsylvania.USPS whistleblower Jesse Morgan discusses how he drove his trailer in 2020, stuffed w ballots, from NY to PA, & then they disappeared. Pennsylvania Dems CHEATED!“Why did we have all those mail votes? Because of Trump turned the gov't over to Fauci, they embraced lockdowns. They did the CARES Act, which funded mail-in ballots across the country. Donald Trump signed that bill that funded the mail ballots” 4Patriots https://4patriots.com Protect your family with Food kits, solar generators and more at 4Patriots. Use code TODD for 10% off your first purchase. Alan's Soaps https://alanssoaps.com/TODD Use coupon code ‘TODD' to save an additional 10% off the bundle price. BiOptimizers https://magbreakthrough.com/todd Use promo code TODD for 10% off your order. Bonefrog https://bonefrog.us Enter promo code TODD at checkout to receive 10% off your subscription. Bulwark Capital http://KnowYourRiskRadio.com Find out how Bulwark Capital Actively Manages risk. Call 866-779-RISK or visit KnowYourRiskRadio.com Patriot Mobile https://patriotmobile.com/herman Get free activation today with offer code HERMAN. Visit or call 878-PATRIOT. RuffGreens https://ruffgreens.com/todd Get your FREE Jumpstart Trial Bag of Ruff Greens, simply cover shipping. Visit or call 877-MYDOG-64. 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 Topics include: 1)Rep. Chip Roy (R-Tx) calls on House GOP to use pandemic reauthorization bill for Covid reckoning;2)Minneapolis cop who held crowd back when George Floyd died was sentenced to 5 yrs. Carl reacts;3)WATCH the video: Gold-star dad Darin Hoover, father of fallen hero Marine Staff Sgt. Darin Taylor Hoover calls out the Biden Administration for the botched Afghanistan surrender;4)Dems introduce a 1000% excise tax on sport rifles and large capacity magazines; 5)Americans beware. Chinese hackers infiltrated Japan's computer systems, and 6)Gov. DeSantis says in an interview that Trump helped fund the mass mail-in-ballots by signing the CARES Act and it was his FBI that squashed the Hunter Biden laptop story. More: www.TheCarljacksonshow.com Facebook: https://www.facebook.com/carljacksonradio Twitter: https://twitter.com/carljacksonshow Parler: https://parler.com/carljacksonshow http://www.TheCarlJacksonPodcast.comSee omnystudio.com/listener for privacy information.

This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comJosh is an old friend, and a business and political journalist. He has worked for Business Insider, the NYT, and New York magazine. He currently runs his own substack called Very Serious, and he cohosts a legal podcast called Serious Trouble, also on Substack.We talk Biden — Josh's political hero. You can listen right away in the audio player above (or on the right side of the player, click “Listen On” to add the Dishcast feed to your favorite podcast app — though Spotify sadly doesn't accept the paid feed). For two clips of our convo — why Biden isn't polling better despite the improving economy, and the “emotional terrorism” Hunter has wrought on his family — pop over to our YouTube page.Other topics: growing up with a dad teaching econ at Harvard and a mom raising four kids; studying psych at Harvard before going into banking; monetary policy and the Fed; props to Mnuchin for the CARES Act; how the stimulus in early Covid helped Trump at the polls; the excessive flood of stimulus in 2021 as an overcorrection to 2008; the subsequent spike in inflation; how the US economy recovered from Covid more quickly than the rest of the West; how wages lagged behind inflation after 2020 but recently surpassed it; today's low unemployment and high consumer spending; slowing inflation; Biden's new strategy to quash student debt; how national debt is only a problem relative to GDP and growth; how inflation reduces the burden of debt; the lunacy of Modern Monetary Theory; the excess of Trump's tax cuts; the continuity of his trade policy toward China into the Biden years; Biden's factory building; his extremism on cultural issues; what happens when he has a McConnell moment; Trump's crazed dynamism; the new NYT poll on Trump's chances against Biden; Josh's jump to Substack; his porn stache; and his reasons for liking America more than Europe.Browse the Dishcast archive for another conversation you might enjoy (the first 102 episodes are free in their entirety — subscribe to get everything else). Coming up: Michael Moynihan on Orwell and conspiracy theories, Vivek Ramaswamy on his vision for America, Sohrab Ahmari on his forthcoming book, Freddie deBoer, Leor Sapir, Martha Nussbaum, Spencer Klavan, Ian Buruma, Pamela Paul and Matthew Crawford. Please send any guest recs and pod dissent to dish@andrewsullivan.com.

Are starter homes a thing of the past? Did the Fed just win? I provide commentary and perspective on both. Hear clips from: Donald Trump, Jamie Dimon, and Jerome Powell. Then, I answer four listener questions: Should I make my first real estate investment a new development from raw land? Does it make sense to sell some rental properties, pay off others, and make my life easier? My returns are down because my property repair bills are higher than expected. What should I do? Since the government has high debt, won't they keep printing dollars? If you have a listener question, ask it here: GetRichEducation.com/Contact Timestamps: The state of the real estate economy [00:00:01] Home prices and housing supply [00:01:33] Analysis of home prices reaching new highs, the decrease in new listings, and the impact on housing supply. Mortgage rates and the future of interest rates [00:03:54] Insights on the direction of mortgage rates, the unlikelihood of rates returning to the 3% range, and the opinions of Lawrence Yun, the chief economist at the NAR. The Fed's Soft Landing [00:10:31] Discussion on the Federal Reserve's efforts to control inflation and maintain economic stability. Building Development as a First Investment [00:12:49] Advice on whether it is a good idea for beginners to invest in land development and the challenges involved. Acquiring More Property or Paying Down Debt [00:19:02] Advice on whether to continue acquiring properties or pay off existing debt and downsize for a more enjoyable life. The philosophy of debt [00:21:11] Debt can be beneficial and indicate wealth, as seen in examples of successful individuals with high levels of debt. Managing repair costs for rental properties [00:24:18] Charging tenants for the first portion of repair bills can incentivize them to make minor repairs themselves and reduce long-term repair costs. Inflation and government debt [00:30:12] Inflation can debase government debt, reducing its value, similar to how it affects personal debt. The US government's ability to print money allows for easier repayment of debt. The housing supply and marketplace [00:31:30] Discussion on the historically low US housing supply and the importance of staying up to date with the inventory and other elements in the real estate market. Resources mentioned: Show Notes: www.GetRichEducation.com/459 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. First, I'll discuss the surprising state of the real estate economy. Then I answer your listener question Should I develop and build property myself? How do I keep my rental properties repair bill down? And two questions about real estate debt all today on Get Rich Education with real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. JTB is ready to help your money make money and to make it easy for everyday investors. Get started at JWB Real Estate.   Speaker 2 (00:01:01) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1 (00:01:24) - Welcome to the area from Warsaw, Poland, to Warsaw, Indiana, and across 188 nations worldwide. And Keith Weinhold in your listening to Get Rich Education.   Speaker 1 (00:01:33) - Earlier this month, CNBC reported that home prices have hit new highs again, another up just slightly year over year, though the popular sentiment is that by now people have gotten used to paying 7% or even more than 7% mortgage rates and higher rates. That puts the squeeze on housing supply. I mean, gosh, within this era of already paltry supply, I mean, we're talking about direly few homes in some markets here. Nationally, new listings are down 25% from a year ago. All right. Now, that's all national stuff. But look now, just over half of the nation's 50 largest housing markets and they're mostly in the Midwest and Northeast. They have either returned to their prior price peaks or they have set new all time highs. Annual home prices are still weaker out west, but even some of the Western markets has slumped. They're now seeing month over month gains. Yes, we're talking about gains now even in San Jose, San Diego, Los Angeles, San Francisco and Seattle. Now, look, our starter homes, a thing of the past.   Speaker 1 (00:02:47) - Some now think so with these higher prices. Just listen to this from an NAR survey, 40% of millennials who bought homes last year, they plan to stay in them 16 years or more. And for Gen Z, that number jumps up to 48%. Now, who knows if they'll really stay in those homes at that long. But see, what's going on here is just affirmation that so many buyers don't plan to trade in their starter home for a move up home. They got their starter homes when rates were low, though starter homes are not coming onto the market, potential sellers have ghosted the market, making for fewer listings and those fewer listings. That's what's fueling the price growth. So yes, starter homes could largely be a thing of the past, but of course not completely. Now, just two weeks ago here on the show, Jim Rogers told us why long term, he thinks interest rates will go much higher and opinions can be all over the place. So I don't want to get too bogged down in that.   Speaker 1 (00:03:54) - But shorter term, one prominent commentator, he is now emphatic that mortgage rates have hit their top, like, for example, hit their top for perhaps this year and next year. Lawrence Yun, chief economist at the NAR on the direction of mortgage rates. He says, quote, This is the top. It will begin to move down. But you can also says if you're a US home buyer waiting for a return to super low mortgage rates, don't hold your breath. The short lived era of 3% interest rates for 30 year fixed mortgages, that is over, and they are unlikely to return anytime soon, perhaps for decades. He goes on to say that one can never truly predict the future but don't see mortgage rates returning back to the 3% range in the remainder of my lifetime. That is all of what Yun said. Okay. The remainder of Lawrence Hoon's lifetime, he looks pretty healthy and that might be 40 years, 40 plus years. Did we see rates that low again, according to him? Now, did you see this? We posted this in our Instagram stories as our curious article of the week last week.   Speaker 1 (00:05:07) - The Washington Post get a hold of this title. They published an article and it was titled The Housing Market Recession is Already Ending. My preeminent thought is the housing market recession is already ending. That's a curious headline. What housing market recession? I don't get it. And the subtitle doesn't help. It's subtitled Last year's downturn in the housing market didn't last even with higher interest rates. Now prices are stabilizing. Is supply chains have eased up. All right. Well, even with actually reading the complete article, I don't know what they mean by a housing market recession last year. I guess that national home prices stopped appreciating last year and they just stabilized. But I don't know how the heck you get a recession out of that. Maybe with low housing supply, there were fewer transactions and that was being considered a recession. Now, look, I'm going to posit something really unpopular here in today's climate, but I think that this is a question that you really need to ask yourself today, and that is, did Jerome Powell just win? I told you it was unpopular.   Speaker 1 (00:06:20) - He's not a very well liked. Person in a lot of circles. But with CPI inflation at 9% last year and 3% now. Yet throughout this spin, we had a few banks that broke but no recession. Is it possible that Jerome Powell has engineered a soft landing? I've got more on that in a moment. But the actual person of one, Donald, John Trump, made some quick remarks about the economy this month. Let's listen in.   Speaker 3 (00:06:52) - We've never had an economy like we had just three years ago. It was unbelievable. And frankly, this economy is not doing well. But the reason it's doing okay is it's running on the fumes of what we built. But those fumes are running out and they're running out fast. And it's not going to be a pretty picture.   Speaker 1 (00:07:11) - Yeah, I don't know about that. When we look at the broader US economy, let's get something more substantive. And speaking of people that aren't well liked, Jamie Dimon had some great perspective. I think you know that he's the billionaire business exec and the banker that's led JPMorgan Chase since 2005.   Speaker 1 (00:07:30) - To put it another way. This man runs the largest bank in America.   Speaker 4 (00:07:36) - It's the other way around. America has the best hand ever dealt of any country on this planet today ever. Okay. And Americans don't fully appreciate what I'm about to say. We have peaceful, wonderful neighbors in Canada and Mexico. We've got the biggest military barriers ever built called the Atlantic and the Pacific. We have all the food, water and energy we will ever need. Okay. We have the best military on the planet, and we will for as long as we have the best economy. And if you're a liberal, listen closely to me in that one, okay? Because the Chinese would love to have our economy. We have the best universities on the planet. There are great ones elsewhere. But these are the best. We still educate most most of the kids who start businesses around the world. We have a rule of law which is exceptional. If you don't believe me and we talk about Britain, Brazil, Russia, India, Venezuela, Argentina, China, India, believe me, it's not quite there.   Speaker 4 (00:08:29) - We have a magnificent work ethic. We have innovation from the core of our bones. You can ask anyone in this room what you can do to be more productive. Ask your assistants, factory floors, redo it. It's not just the Steve Jobs. It's this broad death with the wires and deepest financial markets the world's ever seen. Okay. And if you. I just made a list of these things and maybe I miss something. It's extraordinary. It's extraordinary. And we have it today. Yes, we have problems. But, you know, when I hear people down, if you travel around the world, I mean, get an airplane, travel around the world and go to all these other countries and tell me what you think.   Speaker 1 (00:09:02) - Yeah, Jamie Dimon really bringing up a lot of those geographic advantages like Peterson and I discuss in depth here Diamond's remarks. They're not new remarks. Those weren't recent ones. And by the way, I don't really care for him calling out liberals, just like labeling people conservatives.   Speaker 1 (00:09:20) - That's counterproductive. I like the quality of ideas as soon as we start labeling things left or right, that quickly becomes more divisive than it does unifying. Don't do left right politics. I do. Up, down, up is integrity. The quality of your ideas concepts means for getting things done and track record. That's what matters. But anyway, coming off Jamie Dimon waxing poetic with American optimism and exceptionalism. Yeah, it is time to ask if the Fed is winning. And first, let's understand something fundamental The fact that high inflation occurred for two years that is irreparable. Let's not overlook that. I mean, you're Trader Joe's grocery store prices. They're not coming back down even if the rate of inflation has slowed. I mean, that is a big fat L, That is a loss. It came from printing all those dollars to paper over the pandemic, which created the high inflation with everything from the paycheck protection program to Stemi checks to the Cares Act. And yes, the executive branch created some of that too.   Speaker 1 (00:10:31) - But my point is, make the irresponsible people that don't have any savings feel some pain once in a while. If you just make money fall from the sky every time there's a crisis, then people are going to learn to not have any reserves or any cash flowing investments during the next crisis. Yes, supply chain constraints are part of the problem too. But since you tried to paper over the pain, see then creating that inflation that results, that makes everyone feel the pain that's middle class or below. All right. But after that understanding, is Jerome Powell now winning by landing the inflation softly without crashing the economy and keeping GDP rising a little in keeping unemployment low in see even the producers price index that's forward looking that measures this change. In selling prices of goods and services producers. That's falling out, right? That leading indicator for consumer price inflation. And that's why inflation expectations are finally dropping. And that doesn't mean that I like the Fed or the system at all. But by now you've at least got to begin to wonder if the Fed can get their soft landing.   Speaker 1 (00:11:47) - They've dropped down from 30,000 foot cruising altitude. There's no turbulence, and they're below, call it, 10,000ft. Now, for the first time in two years, wages are finally rising faster than prices.   Speaker 4 (00:12:01) - We at the Fed remain squarely focused on.   Speaker 1 (00:12:04) - Our dual mandate.   Speaker 4 (00:12:05) - To promote.   Speaker 1 (00:12:05) - Maximum employment and stable.   Speaker 4 (00:12:06) - Prices for the American people.   Speaker 1 (00:12:08) - Yes, sir. That is your job after all. Well, I want to turn to your listener questions here for the remainder of the show. And if you've got a question for me, you can always reach out at Get Rich education, slash contact. The first question comes from Tina in Monroe, Louisiana. She says, Keith, I love your show. Just started listening last month. Tina asks Keith, I have the idea of buying land and I want to know if this is a good idea to build new rentals on. Like for Plex's, I've already formed an LLC and hope to open a business line of credit, but this would be my first ever real estate investment.   Speaker 1 (00:12:49) - Okay, Tina, thanks for finding the show here. Welcome in. I expect that you'll have years of profitable listening ahead to start a new development from digging raw dirt all the way through to procuring your certificates of occupancy and have that be your very first investment for almost anyone. I have got to say no because there is just so much to development. Development is going to rely on your experience and your ability to build a team. You're going to need general contractors and subcontractors and vendors, suppliers and experience dealing with regulators and a municipality and bankers and perhaps investors. And legal development is risky for beginners. You're purchasing something that doesn't yet exist. You've got to be sure that you're buying the right land in the right place. And that means studying everything from geotechnical reports and Perc tests to understanding the demographics, whether you plan to buy that land there in Monroe, Louisiana, or wherever else it is, and then your exit strategy. And while it might not actually be to exit, but it's going to be either to sell your completed development or for you to hold it for rental income, you have really got to know what you're doing.   Speaker 1 (00:14:13) - I am not a developer, but I talked to a lot of them, especially build to rent developers. Now, the reason that I say that the answer is no for development as your first real estate investment for almost anyone. Well, I say almost because if you have a remarkable mentor, someone that's going to go out in the field with you almost every day, then it's a possibility. And even then that mentor should have a proven track record. You need approvals and subdivision and plans drawn and bringing in drainage and utilities and entitlement mean instead of all that for a beginner and really even for most veteran investors, it is substantially easier to buy something that's already built, that has a history of rental occupancy and income. And then the team that you have to build a so much smaller with that primary long term team member as your property manager. But thank you for the question, Tina, because I think a lot of real estate investors wonder about building themselves from raw land. And it seems that even more investors right in here wondering about, you know, just building one individual single family rental home or duplex or fourplex.   Speaker 1 (00:15:25) - And even then, if it's successfully done, it usually takes longer than you think. And then once you're done, the property is vacant and you need to find tenants. So it might be a few more months before it even cash flows. So buy property that's already built, learn investing that way. And what you've done is you've outsourced all of the development unknowns to someone else and they bring you the known and completed development project that is better for more than 99% of people. And then look into being a developer yourself when you've got sufficient experience. If that remains interesting to you, a great mentor with a proven track record or both, if you'd like to ask a question and potentially have me answer it on air here again, go ahead and reach out through get ratification smash contact because that's where you can either leave a voice message or a written one. I am just. Getting started with listener questions. I'm back with more of them. Straight ahead. I'm Keith Reinhold in You're listening to episode 459 of Get Rich Education.   Speaker 1 (00:16:30) - If you want some really passive income, listen to this. You know, I'll just tell you, for the most passive part of my real estate investing personally, I put my own dollars with freedom family investments because their funds pay me a stream of regular cash flow in. Returns are better than a bank savings account up to 12%. Their minimums are as low as 25. K. You don't even need to be accredited. For some of them. It's all backed by real estate and I kind of love how the tax benefit of doing this can offset capital gains in your W-2, jobs, income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 668660, and this isn't a solicitation If you want to invest where I do, just go ahead and text family to six six, 866. Jerry listeners can't stop talking about their service from Ridge Lending Group and MLS 42056.   Speaker 1 (00:17:43) - They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four Plex's. So start your pre-qualification and you can chat with President Charlie Ridge personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group.   Speaker 5 (00:18:12) - This is Jerry Operations lead Andrea Newburn. Listen to Get Rich Education with Keith Reinhold and don't put your daydream.   Speaker 1 (00:18:29) - You're listening to the show. It's created more financial freedom for busy people just like you than nearly any show in the world. This is guitarist Education. I'm your host, Keith Reinhold. The next question comes from Adam. He is a real estate agent in Seattle. And Adam asks this. Hi, Keith. I've been an avid listener and follower of yours for years now. Like you, the Little Purple Book changed my life early on and I was able to semi retire at age 35. The book that he's talking about, by the way, is that Poor Dad, I am 42 now and back working as a realtor because I love it.   Speaker 1 (00:19:02) - And then after he wrote I Love It in parentheses, he put well, sorta. So I don't know that he loves it too much and I am at a crossroad in my life. Do I keep acquiring more property and more debt or do I start paying down the properties I do have? I have seven properties now and with a mindset of less is more as I want to enjoy my life a bit more and I'm honestly getting tired of managing my three in state properties. Therefore I've been thinking about selling one to pay off the loan of two other properties and really start to downsize and truly be debt free. Life is too short and I want to enjoy the rest of my life. Do you have any advice or opinions for me? Thank you in advance. Okay. Adam. Well, since you've listened for years, you probably already understand that I don't pay off any of my properties, though I could. I don't want to. I'd lose leverage in all that. You probably understand that I don't self manage.   Speaker 1 (00:20:01) - You said that you self-manage three of your seven properties there in Washington state. So since you probably already understand all that, yes, I would acquire more property, more debt and outsource the property management. That way you can enjoy life if the property is in your home state, don't have high rents in proportion to their values. In a lot of places around Seattle, they don't have a high ratio there. Well then it's probably worth 1030 running into out of state property. Or if you really like those Washington properties, then find a property manager there in state and to find a suitable 1031 exchange facilitator with a proven track record, check the resources tab at GRI marketplace.com. That same website will help you find out-of-state properties if you like. You can also contact our coaches to help walk you through that at marketplace.com/coach. That is a free coaching service by the way. Now as far as keeping the instate Washington properties, if you decide that you do want to do that, the bigger Pockets forums can help you vet a qualified property manager there.   Speaker 1 (00:21:11) - Now, Adam, you did say something about the possibility of downsizing and becoming truly debt free, as you put it. But my question is, what's the problem with debt if someone else reliably pays it all for you? Of course your tenant pays a principal and interest and hopefully a little on top of that called cash flow. All right. In that case, all of that debt is outsourced. Now, let me get a little philosophical for a minute. I don't know the name of the person that's the biggest debtor in the entire world. But you know what? He is probably really wealthy or she all circle back to why in a second. Here's a fun way to understand this. The quarterback threw the most interceptions of all time. Oh, you must think that guy is a total loser. Well, you know what? The quarterback that's thrown the most interceptions all time by far is in fact, a Hall of Famer Brett Farve. Oh, well, how can that be? Well, it's because he got so many chances to play.   Speaker 1 (00:22:17) - He must have been a pretty good quarterback for the coach to put him on the field. Then often year after year, the baseball pitcher that lost the most ever games for his team all time, he is named Cy Young. Well, Cy Young also won the most games all time in Major League Baseball. He was one of the very first inductees into the Hall of Fame. And there's even an award given each year. Still, the most outstanding Major League Baseball player called the Cy Young Award. Yet he lost the most games and say, did you meet a guy on the street there where you live and you learn that he has $20 million in debt? I don't even need to know anything else right there. That tells me that he's probably a financial winner to have that much debt because, see, he would need to be highly credit worthy to even get all that debt in the first place. See, you're only looking at the $20 million debt side of his balance sheet. His asset side might be $50 million.   Speaker 1 (00:23:16) - Hey, that's a $30 million net worth. Even with high inflation, $30 million is fairly wealthy today and mad as Mark Zuckerberg is one of the wealthiest people in the world, he has a net worth. North of $100 billion. And the Zuckerbergs, they took a loan for their home even though they could pay cash for it many times over. And yet when Zuckerberg and his wife bought their home, they took out a loan for the leverage and the arbitrage. The wealthiest people in the world have the most debt AI model that you can model that I personally look to increase my debt as time goes on. And then simultaneously, I expect the asset side to increase faster than the debt side. The asset side increases faster because I've got the debt, hence the leverage. So this is why I have an aversion to being debt free. I hope there's both some helpful resources and a philosophical component for you to chew on there as well. Adam The next listener question comes from Heiko in Utica, New York. Sorry if I mispronounce your name.   Speaker 1 (00:24:18) - It's spelled at Jaakko. Maybe it's Jocko, but I'm going to go with Jocko. He asks. I've held my first ever purchase of a rental single family home for a little over a year. It's located in Holladay, Florida, though my property was projected to provide a cash on cash return of 6%, it only produced 3% because repairs cost more than expected On this 1978 built property. I use a local property manager that's been pretty communicative. I always anticipate reading my monthly email statement from him, just wondering how to manage costs over time. Signed Jocko. Okay. Jocko And by the way, I own rental single family homes myself, just about five miles from Holladay, Florida. And these areas are just north of Tampa. Well, Co only getting 3% rather than a projected 6%. It's actually not a terrible miss. Now, it would be if that were your only revenue source or your only return from an investment. But of course, this 3% cash on cash return is one of your five profit sources from income property.   Speaker 1 (00:25:28) - But suffice to say, one great long term strategy to keep myriad repair costs down over time. And it's something that Ken McElroy told me about, and that is charge the tenant for the first $50 in repairs or maybe charge the tenant for the first $100 of repairs. That way they're going to think twice before bugging you or bugging your manager. Now, this can have the desired effect of keeping your long term repair bill down in a few different ways, but yet ensure that you're still serving the tenant. All right. First of all, the first 50 or $100 a repair bill, it's really not that burdensome to most tenants, but yet they will think twice before calling you or it's calling your manager, in this case, Jocko, before calling about something ticky tacky and minor like the kitchen cabinet doors got a little loose on their hinges again. Now you want to provide clean, safe, affordable, functional housing. That is a core concept in mission here. At first, this might incentivize the tenant to make a 10 or 15 minute repair themselves so that you never even hear from them.   Speaker 1 (00:26:43) - And that also prevents, say, a $75 service call from being made in the first place. Now, if it's a repair that's beyond the tenants expertise or expectations to take care of themselves, say it's something like a kitchen faucet that just leaks a little, well, okay, you want to see that that's taken care of for them. But if they have to pay the first small portion of repairs themselves, then that incentivizes the tenant to report a number of small things in one batch. All right. Well, now, that makes it more efficient for you or for your property managers handyman. That makes for fewer service calls, fewer runs to Home Depot and a real reduction in your repair cost. See? Hello. The work from home movement. That's being good for us as residential real estate investors. But there is one downside to that. A few more tenants spend all day at home and there are more components that can wear out sooner. Or there's this more time that tenants spend at home to notice little things that are amiss.   Speaker 1 (00:27:47) - So that's why the time in the real estate market is right to charge the first portion of repair bills to the tenant. That's why this makes sense now. Now, there are a couple caveats around this. Hello. When the tenant first moves in, I'll go ahead and give them a week to bring you any findings and then those things should be taken care of without charging the tenant anything at all. Right? I mean, the tenant shouldn't have to inherit any problems. And the other caveat is that your tenant has to be communicative about items in disrepair that could create long term damage, like a leaky drain, because you don't want that to ruin your subfloor over. Time. So the short answer on how to lower your long term repair bills, especially in a work from home world, is to have it in the lease that the tenant pays for, say, the first $50 to $100 of repairs. Also, you may have heard it just ten episodes ago on episode 449, I discussed 12 ways that you can raise the red in add value to your property.   Speaker 1 (00:28:52) - There's a good bit of related content there to help you keep profitable and get your cash on cash return up. Now, plenty of properties. In fact, probably most properties have exceeded their return projections over the last three years, and that is primarily due to rapid appreciation. But see, you don't get the lessons from the winds, you get the lessons from the underperformers. And that's why I wanted to answer your question for everyone's benefit today. Taco Tacos question was microeconomics. Let's flip it to macroeconomics with this. Next question from Dave in Atlanta, Georgia. Davis This one a while ago. First, here's the remarkable part on the listener question form in the how did you hear about a section, Dave? You simply wrote, I've been listening to you from the very beginning. Gosh, Dave, this is so supremely appreciated. I know we've got a lot of great devotees and I'm incredibly grateful for it. Dave asks With the US government, 30 trillion in debt and there's some rounding there and if inflation is say 10% over a few years, doesn't inflation debase the government's debt just like it does ours, taking it from 30 trillion down to $27 trillion in this case? Yeah, that stays.   Speaker 1 (00:30:12) - Question That's right, Dave. You've 100% got it. I've talked about this in some prior episodes. Since we get to borrow our mortgage loans in the currency that's denominated in the units of the biggest detonation in the history of the world, the dollar in the USA, then they want to print Dave, just like you. If you had $1 million in debt but you couldn't pay it back right now and you had the ability to print dollars ad infinitum, then sure, the easiest way for you to pay back your debt is to print your own dollars, just like America is doing. And that is just another benefit of you keeping high debt on your properties. In fact, the true definition of inflation is an expansion of the money supply. It's not the result, which is a decline in purchasing power. Technically, if the same Chipotle burrito costs $10 last year at $11 this year, that's not inflation. That's the result of inflation. So the USA wants inflation for this reason and other reasons. I've said it before, the surest been investing is that the dollar is going to continue to decline in purchasing power and that's exactly why we are debtors rather than savers.   Speaker 1 (00:31:30) - Take the sure thing. Thanks for the listenership and thanks for the question, Dave. That's all for listener questions. I encourage you to help yourself out. No one's looking out for you more than you amiss. Historically low US housing supply. Gerri Marketplace is where the inventory actually is, and it's the right inventory. The properties that make the best rentals. Real estate pays five ways style. And the selection changes, of course, based on inventory and other elements. So stay up to date. And if you haven't lately, go ahead and log in. There are free coaching service is becoming popular as well in why not it's like your own concierge personal one on one if you want that it is all there for you at gray marketplace.com. I'll be here with you to run it back next week. I'm your host Keith Wayne a little bit. Don't quit your day dream.   Speaker 6 (00:32:35) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice.   Speaker 6 (00:32:45) - Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:33:03) - The preceding program was brought to you by your home for wealth building. Get rich education.    

“Bidenomics” is closely aligned with many—probably even most—of the middle-out economic principles that we discuss on this podcast every week. Much to our surprise and delight, Joe Biden has become the first President in 40 years to reject trickle-down economics in favor of building the economy from the middle out, and the results speak for themselves: Since the pandemic began, America has seen the strongest growth of any leading economy in the world. The economy has added 13 million jobs, inflation has fallen for 12 straight months, and a recession is no longer on the horizon. National Economic Council Deputy Director Bharat Ramamurti returns to the show to explain why Bidenomics has been so successful. Bharat Ramamurti is the Deputy Director of National Economic Council (NEC) for The White House. He previously served as a Member of the Congressional Oversight Commission for the CARES Act, and as the Managing Director of the Corporate Power program at the Roosevelt Institute.  Twitter: @BharatRamamurti Bidenomics is Working https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/28/bidenomics-is-working-the-presidents-plan-grows-the-economy-from-the-middle-out-and-bottom-up-not-the-top-down  The Transformation at the Heart of Biden's Middle-Out Economic Agenda https://prospect.org/economy/2023-02-09-biden-middle-out-agenda  Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer

OUTLINE of today's show with TIMECODES The more criminal charges against Trump, the more popular he becomes — and MORE charges are coming, this time for Jan6 (3:07)What Democrats hate most about DeSantis, and why they hate him more than Trump (11:38)When, not if, Biden should drop out (14:05)Pence embraces "Cluster Bombs" and chides Biden for not doing it sooner, so does Nikki Haley. WATCH — this is what cluster bombs do on the battlefield and what they do to civilians AFTER hostilities cease (24:40)How does the Ukrainian war stack up against the Christian idea of a Just (justified) War? Why would any Christian support it or, for example, Mike Pence? (21:04)Did Biden just commit a more egregious National Security crime than Trump? (41:21)Taylor Swift and her Swifties — what we can learn about celebrity cults and groupie politics (46:04)What's Trump end game? Jail? Pardon himself? A GOP President who will pardon him? Take the money and DON'T run? (52:24)CIA is Actively Rewriting Covid "History" Right NowSpooks are "ghostwriting" history and several of their "books" have hit the market. The psyop continues along with the measures they enacted (57:55)Fraud, UBI, and the Banksters' Cut on Covid Cash Trump & Biden tag-team put out $5 TRILLION in PPP and CARES Act, nearly $1 TRILLION in fraud — from the guy who tried to tell the Trump Administration. Bankers got their cut and the public's Overton Window was moved toward UBI (Universal Basic Income) (1:29:38)Ray Epps, another FOX lawsuit in the making. Who did more to lure people to Jan6 — Ray Epps or the media figures pointing the finger at Epps? (1:41:37)EXPOSED: Another Pharma Suicide Drug Allowed by FDASSRI's, asthma medicine, weight loss pills. Amazing how BigPharma gets these suicide inducing drugs past FDA which exists for the benefit of drug companies, NOT for the benefit of the public (1:58:53) QE Economist: "Inflation is a Tool to Drive Us Into CBDC" The economist and professor who created QE (Quantitative Easing) blows the whistle on the planned economic crisis and the CBDC "solution" (2:14:39)LGBT role in depopulation. At Ivy League school, Brown University, 43% of students are "non-binary". (2:39:37) Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT

Get our newsletter free here or text “GRE” to 66866. Are you curious about the direction of rents and property prices?  In this episode of Get Rich Education, host Keith Weinhold dives into the absolute 100% certainty of a housing crash and how mortgage rates affect home prices.  Keith is interviewed by Ken McElroy. He also shares the importance of real estate in reducing taxes and increasing income.  Keith discusses the attractive pricing and inflation in Ohio, and the benefits of investing in new build properties.  He even touches on the increasing gold purchases by central banks and the potential impact on personal finances.  Don't miss out on these valuable insights and learn about the prospects for a housing crash. Tune in now! Title [00:01:37] Advertisement for Freedom Family Investments An advertisement for Freedom Family Investments and the benefits of investing in real estate. Title [00:02:00] Introduction to Get Rich Education Keith White introduces the podcast episode and talks about the longevity and popularity of the show. Title [00:03:54] Real Estate Price Gains Since the Start of the Pandemic Keith White discusses the cumulative home price appreciation in different regions since February 2020. Title [00:12:33] Discussion on the attractiveness of real estate pricing and the impact on renters. Title [00:15:08] Keith's personal experience of starting with a fourplex and the concept of house hacking. Title [00:19:38] Exploring the house hack model as a solution to affordability issues and leveraging other people's money for real estate investment. Title [00:22:12] Investing Out of State The speaker discusses the benefits of investing in real estate out of state and the importance of choosing the right market and team. Title [00:24:58] Importance of Prioritizing Market and Team The speaker emphasizes the importance of prioritizing the market and team before considering the property in real estate investing. Title [00:27:19] Supply Crash vs Price Crash The speaker explains the significance of the housing supply crash that occurred in April 2020 and how it affects property prices and homelessness. Title [00:31:51] Inflation Measurement Challenges Discussion on the difficulty of accurately measuring inflation due to various factors such as personal preferences and hedonic adjustments. Title [00:34:05] Housing's Impact on Inflation and Interest Rates Exploration of the significant contribution of housing to the Consumer Price Index (CPI) and its implications for future interest rate changes. Title [00:35:38] Paradox of Rising Mortgage Rates and Home Prices Explanation of the counterintuitive relationship between rising mortgage rates and increasing home prices, with historical data supporting this trend. Title [00:42:28] Advantages of Investing in New Build Properties Discussion on why it makes more sense now to look at new build properties than in the recent past. Title [00:43:49] Feasibility of Building vs Buying in Different Markets Comparison of the cost per unit for acquiring existing properties versus building new ones in different markets. Title [00:46:28] Turnkey Rental Properties and Scarcity as an Investment Theme Exploration of the concept of turnkey rental properties and the importance of investing in scarce assets like real estate, gold, and bitcoin. Topic 1: Central banks buying gold [00:51:38] Discussion on how central banks are buying gold as a way to store value and hedge against the inflation and debasement of the US dollar. Topic 2: Increasing geopolitical uncertainty and gold [00:52:36] Exploration of how geopolitical events, such as trade agreements and conflicts, have led to increased uncertainty and a rise in the price of gold. Topic 3: Reasons why home prices won't crash [00:56:46] Explanation of several reasons why home prices are unlikely to crash, including a shortage of homes, strict lending guidelines, government intervention to prevent foreclosures, and the slowing of new home construction due to higher interest rates. Resources mentioned: Show Notes: www.GetRichEducation.com/456 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to Get Rich Education. I'm your host, Keith Weinhold, with a crucial update on the direction of rents and property prices. Then a discussion between Ken McElroy and I where I posit to his audience about why a housing crash is 100% certain and why what mortgage rates do to home prices is exactly the opposite of what everyone thinks. And more today on Get Rich Education. Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write offs. As an employee with a high salary, you're devastated by taxes. Lighten your tax burden. With real estate incentives, you can offset your income from a W-2 job and from capital gains freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle. This fund invests in real estate projects that make an impact, and you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first.   Speaker 1 (00:01:08) - Insiders enjoy cash flow on a quarterly basis, and the tax benefits are life changing. Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text Family to 66866. This is not a solicitation and is for accredited investors only. Please text family to 66866 for complete details.   Speaker 2 (00:01:37) - You're listening to the show that has created more financial freedom than nearly any show in the world.   Speaker UU (00:01:44) - This is Get rich education.   Speaker 1 (00:02:00) - Working from Hot Springs, Arkansas, to Palm Springs, California, and across 188 nations worldwide. You're listening to one of America's longest-running and most listened to shows on real estate. This is Get Rich Education. I'm your host and my name is Keith Weinhold. And with 456 weekly episodes, you probably know that by now. Hey, I'm really grateful that you're here. Carefully chosen buy and hold Real estate is not day trading. Rather it is decade trading. Yeah. I'm a decade trader. Perhaps you're one two. You just haven't thought of it that way before.   Speaker 1 (00:02:41) - When I was recently with Ken McElroy in person in his studio in Scottsdale, Arizona, we produced a terrific media interview and conversation together that I'm going to share with you later today. But first, you know, it's not just you're out of control. Trader Joe's grocery bill. The entire world seems to be losing its battle with inflation. U.S inflation is still double where the powers that be want it. The UK recently stunned markets will need jacked up interest rates a half point to the highest level in 15 years. The ECB, Australia, Canada, Switzerland and Norway. They have all announced recent rate hikes. But Turkey Turkey is raising rates and astounding. 6.5%. Yeah, you heard that right. 6.5% all in one fell swoop. That's how much interest rates are going up there. Yet many say that it's not enough for them to get on top of their wildly out of control inflation. Now, let's get into a few real estate numbers here before my fantastic chat with real estate influencer in Great Guy Ken McElroy.   Speaker 1 (00:03:54) - Now here's a great set of real estate numbers since inflation has hit real estate too. Okay, we'll talk about rents in a moment, but let's talk price first with credit to John Burns, Real Estate Consulting. Let's look at American real estate price gains since the start of the pandemic. Okay. So this is not annual. This is cumulative starting in February of 2020 up to today. Here we go. There is a national home price appreciation figure and then it's broken into ten regions. And I think this regional breakup is kind of quirky, and I'll tell you why in a moment. But nationally, since the start of the pandemic, national real estate is up 36%. But let's stop and think about what that means for a moment. Well, since that time, February 2020, which is when these figures are all tracked back to, has the real rate of inflation also been 36%? I'll just say that the answer is yes. Well, then real estate has no inflation adjusted gain in all that time.   Speaker 1 (00:05:03) - Well, here are the ten regions cumulative gain since that time. Okay. Going from lowest to highest, Northern California is up 27%. The Northeast up 29%. The northwest is up 32%. Southern California up 33% cumulatively since that time, about three and a half years here. The Midwest is also up 33%. The Southwest up 38%. Texas up 40%. The Southeast up 46%. North Florida up 50%. A lot of castle markets there in north Florida, too. And the top appreciating region, according to this stat set since February of 2020 with 56% cumulative home price appreciation is South Florida. Yeah, up 56%. And now some of those regions mentioned like in the West, they were actually up more than this a few months ago and they've given back a little bit of their gain. But that is a great stat set. The only thing that seems quirky about the methodology to me is that you've got Florida and California, each with two stat sets, yet the entire Northeast is lumped in together without, say, breaking out New England.   Speaker 1 (00:06:26) - But I don't know, There might be a reason for the odd amalgamations there. I might look into that. Maybe that's just some regional bias or some concern there. Since I am a Northeastern guy, I think that by now, any long time listener knows that I'm from Pennsylvania and have lived most of my life there. I'm in Pennsylvania every year and I like to avoid hot summers, so I spend my summertime and more time in Anchorage. AK So fantastic home price appreciation in the past three and a half years, partially demand driven. Partially inflation driven, you know, three plus years ago, a lot of people, but never me, a lot of people, including real estate influencers, they said that the pandemic would be awful for both real estate and stocks because people would lose their jobs and lose their homes and businesses would shut down. Oh, no. We talked here about agree with it or not, the government's safety net is on its way and it came with the PPE and the Cares Act and everything else.   Speaker 1 (00:07:29) - I mean, Biden won't let people lose their homes. That's what was going on back then. And then in late 2021, I stated Jerry's National Home Appreciation forecast that home prices would rise between 9 and 10% in 2022. They ended up rising 10.2%. And then you remember that late last year I forecast that there really wouldn't be much of any national home price movement this year. Okay, 0%. I am on record right here on the show saying that then and here we are near the year's midpoint. And I like how that forecast is looking. And it was interesting. Late last year, Realtor.com, they predicted 5.4% national home price appreciation for this year. Well, just last week they revised it down to a drop of 6/10 of 1%. Okay. So basically they've gone to 0% as well, much like I forecast late last year. But of course in our core investor areas of the inland in the south, home prices, they are rising just a little this year. What about rents? That's something you might care about more.   Speaker 1 (00:08:42) - CoreLogic They tell us that rents for both single family homes and apartments are up 4% year over year, and that's really unremarkable. That's just the historic long term norm. And it's really been interesting how the rent growth rate for single family homes and apartments has just been remarkably similar, like shadowing each other. But the real story is that rent growth has really decelerated because national rent growth, it peaked at about 14% a year and a half ago. And now among Single-family rental homes, what you'd expect in inflation is happening. High end property rents are up just 2% because they're the least affordable. And then the more affordable low end rents are up 6%. And like anatomy, there are so many ways to parse real estate. There are so many ways to dissect the frog here. So let's look at rental growth by region. And it's from that chart that I shared with you in last week's Don't Quit Your Daydream Letter. Rents are down 2% in the West. They are up 1%. In the South. They're up 5% in the Midwest and they're up 5% in the Northeast as well.   Speaker 1 (00:10:02) - And what's been persistently steadiest is the Midwest price growth in rent growth. I mean, they're in the Midwest. That is like as stable as the clover honey that's in your pantry right now. And also, did you know that honey is the only food that doesn't spoil? Did you know that? Yes. Yeah. It's also stable, so it doesn't need mixing either. Stable like Midwestern real estate. And that's the reason that's had that best ratio of high rents to a low purchase price, which is really that key metric that you care about as a real estate investor. Now, for example, let's take a look at this specific property in Exact Street address from Marketplace. I mean, this is a great example. This is 224 Baltimore Street in Middletown, Ohio. Middletown is between Cincinnati and Dayton. Okay. This duplex here has a monthly rent income of $1,400 total from both sides. The price is $139,900. And this duplex is substantially rehabbed. And the $1,400 rent that's broken down by $800 comes from the two bed one bath side and $600 from the one bed, one bath side.   Speaker 1 (00:11:26) - The duplex is 1680 eight square feet. It's in a classy neighborhood and the rental status is that both sides are already leased. Okay, So when you have an existing property like this, sometimes you have that as the advantage. It's leased and on a duplex when you have both sides leased, you know what questions I would want to know before I buy a duplex like this? What is the rent payment history of those tenants on each side of the duplex and where are they employed? I mean, one might have been paying the rent. But if they're employed at the malls, pop up, stand for 4th of July fireworks or something, Well, I would want to know that. Or if their employment is more stable than something like that. So this 140 duplex is something you could buy with a 25% down payment. So even with closing costs, you're in there for under 50 K. So yes, they're in America's seventh most populous state of Ohio and might take on a property like this. Is that this duplex that's for you? If you're more interested in cash flow than you are appreciation.   Speaker 1 (00:12:33) - I mean, my gosh does pricing like this almost make you feel like inflation missed Ohio? That's how it feels in hey, that's what attracts renters as well. And you can find their property in more like them, including an increasing proportion of new build property nationwide from Florida to Indiana to Texas to utah@marketplace.com. Coming up in this interview with Ken, where I was a guest on his show, you're going to hear me say some things that you might have heard me say before, but I sort of say them in a different way when someone else sees interviewing me and I talk about including why there is a 100% certainty of a housing crash in a few other surprising things. And then at the end I discuss some new things that I have not discussed previously, including what I personally champion and invest in myself outside of real estate. We don't run with the herd on the mainland, but you know, here in Jerry, we are not an island to ourselves either because the dust from the herd affects us. Our investing philosophy is on a profitable, I suppose, peninsula, if you will.   Speaker 1 (00:13:48) - That's why I definitely say things that you don't expect to hear in this interview. And you know what? If someone only says what you expected to hear, that would probably be a disappointment and a waste of your time and you wouldn't learn anything. A critical real estate conversation between Ken McElroy and I, straight ahead. I'm Keith Reinhold. You're listening to Get Rich Education. With real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. Genevieve is ready to help your money make money and to make it easy for everyday investors. Get started at GWB Real estate. Agree That's GWB Real estate. Agree. Jerry listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex.   Speaker 1 (00:15:08) - So start your prequalification and you can chat with President Charlie Ridge personally, though even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. This is Richard Duncan, publisher and Macro Watch. Listen to get rich education with cheap wine and don't quit your day drinks. Hey, everybody. I'm here with Keith Reinhold. Welcome back. Hey, it's so good to be here. It's interesting. I was last here in January of 2021. And remember, Ken, that's when we talked about how you can profit from inflation. Inflation was only 1.5% back then. So for all the viewers and listeners, had they watched that, they really were profited from that surge of inflation, we should go back and check that one out again, you know, because I remember that discussion was fabulous. And now now that's kind of the hot topic, the hot topic for sure. So Keith has a great company. It's called Get Rich Education. Before we go down that road, let's talk about how you started, because most people, you know, they struggle with just getting started.   Speaker 1 (00:16:22) - And I know you started with a fourplex. Yes. And you know, this is something very actionable for you, the listener, the viewer there. You can start off like I did. I didn't have a lot of money when I started out. I think that's a common investor's story. So how could I do more with less? And, you know, I was in Anchorage, Alaska, at the time when I was about to buy my first fourplex building, and I didn't have the inclination to know how to remodel places or be a landlord or anything like that. And, you know, Ken, it's a quote we've all heard, but it bears repeating the circle of friends I had fallen in with Harkins, the Jim Rohn quote, You are the average of the five people that you spend the most time with. Take your five closest friends income level. Take their educational attainment level, take the way they dress your five closest friends. If you want to change yourself, change your five. In two of my five in Anchorage, what I call pretty aspirational guys and two of my friends, they had made their first ever property a fourplex building with just a 3.5% down payment.   Speaker 1 (00:17:25) - So I learned how to do this from them. And you can still do this today. All you have to do is live in one of the units at least 12 months and just have a minimum credit score of 580. You can do that with a single family home, duplex, triplex or fourplex. That's how you can start with a bang and a small down payment. Yeah, we call that house hacking. Yeah, yeah, yeah. We talk a lot about this and I don't think people really realize, you know, and if you move into one side of a duplex and you buy a duplex with with this low money down and the lower credit score, you're basically you might not have a lot of cash flow if you live on the other side. But what you are is you're eliminating that huge expense that might have been for rent or something else, right? That's right, 100%. You know, everybody has their wacky landlord story. So I bought my first property living in one unit of the fourplex, renting out the other three.   Speaker 1 (00:18:16) - And like a duplex, like you said, where you might live. Did you tell me you were the owner? I because that's always thing. Yeah. You know, after a while after I got the new tenants in there, actually after I had moved offsite to another place, I didn't really want to admit I'm the owner. They ask all kinds of crazy things, but, you know, everything didn't go perfectly. For example, you know, shortly after I moved in, it was time for a tenant to pay the rent. It was the first that was due. They said they pay it the fifth. I was like, Oh, yeah, sure. Okay, whatever. Well, of course they didn't. I had to replace them. And you know how I qualified my next tenant in that vacant unit? What the qualifications were. Three females applied. They were attractive. So I let him move into the unit next to me based primarily on the fact that they were attractive. Well, that didn't work out very well.   Speaker 1 (00:19:00) - They had parties and they did not invite their landlord to the party. So everyone's got their wacky landlord story that's mine, but that's how you can start big. It is a good way to do it. And I think I don't think a lot of people realize that they can do that. So a lot of people I know are struggling with these affordability issues. So, you know, we've seen since our last podcast, you and I did, we've seen massive inflation, massive rent growth, obviously massive interest rate growth, which has driven people's mortgages up and doubling people, the mortgage payments up, plus we have all the inflationary components that I just mentioned. This is the best time to look at that house hack model because, you know, why wouldn't you grow.   Speaker 3 (00:19:38) - With inflation if you can do it with a with a two unit or four unit? Right now, there are some restrictions for for units and underwriters there something where if you go over that, it's a different kind of loan.   Speaker 1 (00:19:50) - That's right.   Speaker 1 (00:19:51) - Four units is the most you can do with that FHA loan in 3.5% down. So it's single family home, duplex, triplex or fourplex. And if you have VA Veterans Administration benefits, you can use that same plan with zero down. Believe it or not. It's a great way to start with the bank. Yeah.   Speaker 3 (00:20:07) - So you guys really need to look into this. If you could replace your living expenses large of the largest one, which is obviously typically rent and utilities and all that, then why wouldn't you?   Speaker 1 (00:20:20) - Yeah. And you know, here's the thing. Here's the takeaway. And I didn't understand this until I had owned that first fourplex for a couple of years. I think we've all learned we've all been influenced by the mantra that you don't want to invest with your money. You can build wealth profoundly by ethically employing other people's money. We're talking about doing it ethically. Providing people with housing that's clean, safe, affordable and functional. With that fourplex like I just described, I was using other people's money three ways at the same time.   Speaker 1 (00:20:50) - And you can do it too, because I use the bank's money for the loan and leverage. I use the tenant's money for the income that you were just talking about to offset all the building expenses and the mortgage payments. And then thirdly, I was using the government's money for very generous tax incentives, use other people's money three ways at the same time with the loan for income property, that's really going to accelerate your wealth building.   Speaker 3 (00:21:15) - That's right. That's right. And can you with that also do it with the down payment? That might be a fourth way.   Speaker 1 (00:21:21) - There are creative ways. For example, I know with FHA, sometimes you can get a gift. So that's a very astute question.   Speaker 3 (00:21:27) - Yeah. So that's another thing that a lot of people don't think about is, you know, I know with the FHA program, they're going to be looking at you. But there are there are ways to get gifts.   Speaker 1 (00:21:38) - That's right. And really use other people's money for the entire thing with keep using other people's money all that you can.   Speaker 3 (00:21:45) - The point is, guys, all can be OPM or other people's money. And that is the point. And so if you can't look into that, then it's now just an excuse. So let's talk about like you've done a very successful job of going out of state, out of the network and, and buying real estate. How have you done that? Because a lot of people are freaking out around, you know, how do I do I stay local? Do I go out of state? There's a lot of things to consider.   Speaker 1 (00:22:12) - I don't invest in my own local market. In fact, can I sell my last local meaning local to Anchorage, Alaska? I sold my last local apartment building last year. It's the first time in 20 years since I bought that first fourplex building. I don't own any local properties. I do all my investing out of state in investor advantage markets in the Midwest and South. And I know to some people it's scary to go out of state for the first time. You know, for some reason with stocks, people feel quite comfortable with, you know, buying stock for a company.   Speaker 1 (00:22:41) - They don't even know where that company's headquartered. But with real estate and something called turnkey real estate investing, that's one way to go across state lines. But really, here's my mindset in getting comfortable without estate investing, this is how I think of it. Can The property is only the fourth most important thing in real estate investing, and if you're thinking about investing, you often start by thinking about, okay, what would my next property be? It's important. But there are three things more important. Number one is you. What do you want real estate to do for you? This is what I like to share with people. Can Secondly is what market are you in? Thirdly, what's the team of professionals, especially your property manager, that you choose to surround yourself with? And then fourthly and only fourthly is the property. So let's go through that. It starts with you. What do you want real estate to do for you? Or are you looking for cash flow, which is common, or appreciation or tax advantages or a lifestyle benefit? Like maybe you want to live in it yourself.   Speaker 1 (00:23:37) - Once you've got that figured out what you want real estate to do for you, the market is the next most important thing. There is more risk with being in a little ho dunk market of 6000 people where half the employment is tied to the zinc mine than you think. So I like to be in larger metros have a diversification of economic sectors, something that you really excel in. Can So the market's at second thing because you need to have a place that's going to be filled with tenants. And when you buy your property, you need to have a reasonable expectation that 18 months down the road you're going to have another tenant that's going to be able to come in and fill that property. And then the third most important thing is the manager, your team. I mean, a bad property manager would drive a good property into the ground because you want this to be relatively passive. And fourthly and only fourthly is that property. And you know what happens. Can I see this happen? So often people get a 100% backwards.   Speaker 1 (00:24:30) - They go for three, two, one. First, they get all excited about a property and buy it because it has pretty blue shutters. Then they try to figure out if there's a good manager in the market because they don't like to get texts from tenants. And then secondly, they try to figure out the market that they bought in and it's too late. And then they go back to number one, which you're just so far out of line. And this is why a lot of people say that real estate doesn't work. So, again, the property is only the fourth most important thing. It starts with you market and team first. Yeah, I.   Speaker 3 (00:24:58) - Find that key. They do go for three, two, one all the time. Right? It drives me nuts because, you know, as you know and most professionals go one, two, three, four. And I think what happens is if when they get to one, they're they're figuring it out. You know, they need you to start there because it certainly clears up the vision, right?   Speaker 1 (00:25:18) - Yeah, 100%.   Speaker 1 (00:25:19) - And, you know, you intrinsically know this, but you just haven't thought it through before. Like, for example, you already know that the market is more important than the property. A giant mansion in a swamp outside Charleston, West Virginia, is not worth much, but yet a tiny 400 square foot efficiency apartment in the Tribeca neighborhood of Manhattan. Can be worth an awful lot. It's just reinforces the fact that the market's more important than the property and a lot of people get it wrong and always.   Speaker 3 (00:25:46) - Has been and always will be because you can you can screw up a purchase in a market that's going like this and you'll still look like a star.   Speaker 1 (00:25:55) - Yeah. And this will be true a decade and maybe even a century know. Yeah.   Speaker 3 (00:25:59) - So that's why the market is so important. So let's talk about the most controversial thing here, which is why there is 100% certainty, 100% of a housing crash. This is a I heard you talk about this and we talked a little bit about it for the podcast.   Speaker 3 (00:26:16) - I said, let's just wait, wait, wait, Let's talk about it on the podcast.   Speaker 1 (00:26:20) - There is a 100% certainty of a housing crash. And one might be wondering, first of all, how could you say that no one has complete clairvoyance to know the future? And the reason there is a 100% certainty of a housing crash in this era is because it already occurred. It happened in April of 2020, More than three years ago. It was a housing supply crash, not a price crash. In fact, the fact that we have had a supply crash really hedges against any sort of price crash. So using Freddie Mac data and I shared the chart with you before I came over to this video here so that you could see the backup. There are so many ways to go ahead and measure the available supply of homes, but about 1.5 million is what you'll see, Fred. The Federal Reserve economic data, about 1.5 million has historically been the amount of available homes going back to 2016. It began to fall after that with what happened in the health crisis.   Speaker 1 (00:27:19) - It plummeted in April of 2020 to 600,000 units and it still hasn't rebounded and it's continued to fall. So it's a 60% supply crash, 1.5 million down to less than 600,000 now. And that's what hedges against a price crash. That's why prices are continuing to stay buoyant at whatever demand level. The supply is really low, and that helps keep a bid on property. And really, I'd like to share with you the profundity of the fact that we've had a supply crash, not a price crash. I mean, think about this. We're the most powerful nation in the world, by so many measures, were the most powerful nation as far as political positioning and our military and our currency and our brand, the most powerful nation in the world. And we have trouble housing our own people. I mean, we're talking about food, shelter, safety, Maslow's hierarchy of needs, base level stuff here. So it's actually a bigger deal then a price crash. If you think about it, you may very well see more more homeless people in your in your hometown, for example.   Speaker 1 (00:28:25) - So the crash already occurred. A supply crash, not a price crash. Yeah. Yeah.   Speaker 3 (00:28:29) - It's important distinction, I think. I think people really need back up from this a little bit and understand where things are headed. You know, we have affordability problems. We definitely have homelessness issues creeping up. And so what really, really challenged everybody were these federal funds, increases in interest rates that went up. So all of a sudden, you know, we've also had the largest delta between rents and the the average mortgage price. So you got mortgages here. So rents and mortgages were kind of trending along at a pretty, you know, pretty equal amount. But now because of the whole prices that went up and the interest rates went up, there's a big, big gap between rents, even though rents have gone up. So that's also keeping people in their houses because they've got the 6%, let's say five, 6% interest rates, but they bought them at three. So they have this trapped equity, right? So so if you own a home that's 500 grand and you you have 3% on it, you're not going to move.   Speaker 1 (00:29:39) - Right? No, it's the mortgage interest rate lock in. Yeah, And that's a really astute point, Ken, because this plays in to the national dearth of supply on Iraq, 1.5 million available units down to 600,000. I talked to just lay people in everyday homeowners that have become landlords because they say, I don't want to sell my home. And it's 3.25% interest rate. So when I move out of it, I just want to hold on to that loan and rent it out. In the United States, you can't move your mortgage along with your property like that. So it's that interest rate lock in effect, that property, rather than coming up for sale, which would increase supply, doesn't it stays put. And almost two thirds of mortgage borrowers in the United States have a mortgage rate of 4% or.   Speaker 3 (00:30:24) - Less, a staggering number. It is. So I always tell people, Keith, you know, when I was growing up, cash was an asset, right? That was a liability. But now it's the opposite.   Speaker 3 (00:30:35) - Cash is now a liability because inflation. If you're if you have it in the bank is running faster and harder than what you're getting in interest. And now that debt at 3%, let's say, is an asset, you would actually be selling the property and you'll be getting rid of that asset. You can't borrow at 3% today because that is OPM or other people's money like we talked about.   Speaker 1 (00:31:00) - Right, Right. And if I borrow from a bank, say I'm a borrower and I want to take a loan from you. Well, of course, if I can do that at an interest rate, that's less than the rate of inflation. I want to do that because it's profitable. And how the mechanics of that work actually is when I repay Ken the bank in this case, every month that dollar debases on him faster than his interest can accrue on me. That's profitable for you if you can find that it's getting a little harder to find. But you can in some situations, still get interest rates lower than inflation.   Speaker 1 (00:31:33) - And inflation is such a fluffy number. We know that the CPI is manipulated with substitution and weighting and things, but if you can borrow at less than real inflation, that's exactly the transaction you're profiting from.   Speaker 3 (00:31:43) - What do you think real inflation is? Because I, I'm all over the Internet trying to figure this out, you know, and I go to all the shadow stats and all the things.   Speaker 1 (00:31:51) - Yeah, that's good that you're in shadow stats. There isn't really a good accurate way to measure inflation. I mean Ken and I a for next door neighbors were going to pay different rates of inflation. Say one of us is a vegetarian and the other eats beat then inflation in the price of steak affects one of us, but not the other. So if he commutes more than I do, gasoline prices affect him more than me. It's very difficult to pin down what the real rate of inflation is. There are hedonic reasons as well. Hedonic means pleasure seeking. So, for example, if home values go up 10% in a year, but now it's more common for homes to have quartz countertops in them a year later and they didn't have that in the homes of yesteryear.   Speaker 1 (00:32:33) - How do you adjust inflation for that? Because you're getting a better standard of living with quartz countertops. So this is why can and anyone has such a hard time pinning it down to what's the real inflation number. It's really nebulous.   Speaker 3 (00:32:45) - And I do know it's more.   Speaker 1 (00:32:48) - We do know it's more than what the CPI is reporting. How much more? No.   Speaker 3 (00:32:52) - One. I know it's true. It's all over the map. But I got to tell you, man, things are creeping up. You know, we were you know, my wife and I were you know, we just go to dinner and it's 100 bucks now. I mean, there's all these things that are there a lot more. But one thing is for sure, guys, if you can have an interest rate less than inflation, you're beating the market. That's the important thing to understand. And that's why, you know, go go the way back to Rich dad, poor dad with Kiyosaki. He was way ahead of his time when he said cash is trash.   Speaker 3 (00:33:27) - And, you know, savers are losers. And he doesn't mean that you are a loser. What he means is savers are losing money as compared with inflation. Back then, it was 2%. So now it's obviously more. Right?   Speaker 1 (00:33:41) - Yeah. And you know, really with inflation, I think the word is noticeable. No one talked about it when it was about 2% these past few years when it was right around the Fed target. It isn't until it became noticeable that it really became a thing. And you know, what do they say? What's Walmart greater say? They no longer say hello at the door. Instead, they just apologized for what's about to happen to you in there. It's noticeable.   Speaker 3 (00:34:05) - I noticed I was digging into the CPI or the Consumer Price Index recently for a video I was doing and I saw that housing was 44% of that number.   Speaker 1 (00:34:14) - Yeah. Between rent and owners equivalent rent, those two measures contribute to the CPI.   Speaker 3 (00:34:19) - So that's a lot. So think about that because I know, you know, what does that mean To me? That means that the Fed is not done increasing rates because, you know, I guess now they're reporting it at five.   Speaker 3 (00:34:33) - But if 44% of that 5% is housing in theory, then it looks to me like they're going to they're going to clip away at more of these federal funds rates. Right. What do you think?   Speaker 1 (00:34:46) - That's right. A lot of people think the Fed pivot will come later this year. The Fed pivot means when they stop hiking, which is increasing rates and begin to lower rates. I've got something really almost pretty trippy, really on interest rates to share with your audience here, Ken, because I think this is a real paradox that's going to blow some people away. What is it? So we know that mortgage interest rates have been up so much lately. And you know what happens with rising mortgage rates, right? When mortgage rates rise, home prices. You thought I was going to say fall, didn't you know? When mortgage rates rise, expect home prices to rise. And you might say what? That turns my whole world upside down. I mean, wouldn't one know that when mortgage rates rise.   Speaker 1 (00:35:38) - Well, that to. Creases affordability so one would afford less in prices would need to come down. And you know, the lens I like to look through a lot of times. Can we talk about applying economics to real estate? It's what I call history over hunches. I think it's really easy to have a hunch that when mortgage rates rise, well, obviously prices would have to come down due to impeded affordability. So maybe you're still wondering, well, what kind of upside down world would that happen? It's the world that you've been living in these past two years. What happened in 2021 and 2022? Home prices rose at a torrid pace, about 20% in 2021 and the following year last year, another 10% way beyond historic norms. And what happened with interest rates during that same time, they got doubled. I mean, they climbed a cliff. So that actually usually happens that when rates rise, prices rise. In fact, in the history over hunches, vane Winston Churchill is the one that said, the further you look into the past, the further you can see into the future.   Speaker 1 (00:36:44) - So let's open this up and look at the past, talk about why this happens, and then think about some lessons that you can learn from it. So in about the last 30 years, since 1994, mortgage rates have increased substantially nine times. That's defined as a mortgage rate increase of 1% or more. And during those nine times that mortgage rates rose, home prices rose seven of those nine times. This typically happens. And, you know, when I share this with real estate, people can a lot of them are blown away. They don't understand how they really don't even believe it. And I shared the data with you right before I came down here. You have the studio and maybe you can even put that chart up there to show people that I.   Speaker 3 (00:37:25) - Will do that.   Speaker 1 (00:37:25) - Jerry Yeah, but you know what? When I talk with doctors of economics, like the ones that I interview on my show, some of them aren't aware of it, but they all say, Oh yeah, I can believe it.   Speaker 1 (00:37:33) - I can understand how that would happen. All right. So what's going on here? Why does this happen? Why wouldn't mortgage rates rise? Would home prices rise? And, you know, there are for a couple of reasons. You know, can you and Donnell talk so eloquently about lag effects in the economy? Yeah, So that's one reason. But this can't completely be explained by lag effects because we have to think about what makes a person buy a home. Okay. We'll come back to that in a moment. But let's think about what happens when rates rise. Okay. Generally, the Fed is saying that the economy's hot, people are employed right now. There are some high profile tech layoffs for sure, but there are still more open job positions than there even are people to fill them. And this makes inflationary pressures heat up. So that's why they raise rates. When everyone has a job and you have an option if you get laid off to go to a second job and employers are competing for employees, what happens? You feel pretty secure in your job and what do you do when you feel secure in your job? You're likely to buy a home.   Speaker 1 (00:38:37) - So your situation, your income, your job security is an even more important factor than what mortgage rates are. So this is why, completely counter-intuitively and paradoxically, when mortgage rates rise, expect home prices to rise as well. And in fact, can. The only two times in the last nine that rates rose, that prices didn't rise as well. You know, they were they were 2007 and 2008 when there are really wacky aberrations going on in the market leading up to the global financial crisis. So, again, when rates rise, prices typically do two completely opposite of what most think.   Speaker 3 (00:39:12) - Yeah. And don't forget that part of the reason rates rise is because of the scarcity. So when you go from 1.4 million to 600,000, yeah, you have less just basic demand and supply. Less supply.   Speaker 1 (00:39:27) - That's right. And I think importantly, one needs to remember that there's less supply of both homes to buy and homes to rent. And even when one does want to buy and they continue to get shut out of the market with higher rates and higher prices than that obviously puts more people back in the renter pool, which is pretty good for guys like you.   Speaker 1 (00:39:45) - And I can know a lot of income priced right?   Speaker 3 (00:39:47) - That's why I did that video Renter Nation because it's not good by the way this you know housing is supposed to be balanced. So as somebody who owns a lot of rentals, we lose people. We lose people to single family home buying. That is the way it's supposed to be. Right? And then there are some people that when they're when they're done with the single family side, they want to come to rentals for convenience, for flexibility, for all kinds of things. So it's a natural stop. And so when one's out of whack or the other is out of whack, it's not necessarily good.   Speaker 1 (00:40:21) - No, it's not good. I mean, that impedes the upward mobility in really part of the American dream. Of course, you never want to lose a tenant from one of your apartments, but at least you can say, hey, congratulations, you moved up a rung or whatever. So this is the cost of any entry level. Housing is really high.   Speaker 1 (00:40:40) - In fact, when you parse the amount of available homes by the entry level type of, say, single family homes and duplexes, which tend to be the ones that make the best rentals, yeah, they're even more scarce.   Speaker 3 (00:40:51) - It's it's gotten worse. You know, I don't know that as a builder as you know, we built we can build entry level you know the.   Speaker 1 (00:41:00) - Most can't make it feasible.   Speaker 3 (00:41:01) - Cost the cost to build a house today is expensive.   Speaker 1 (00:41:05) - Yeah it really is. And you know, if you are looking to be a real estate investor in the 1 to 4 unit space, which is really an area where I specialize, if you can find a builder that builds entry level homes, I do know of a number of them in the Midwest and South, this could be a time for you to get a new build rental property more so than a renovated one. You know, that's really opposite of ten years ago. Ten years ago, we were still coming off the global financial crisis. Crazy.   Speaker 1 (00:41:32) - That was when the cost of property was even less than the replacement cost no one was going to build. Now you do have people building and, you know, can I know a number of these builders because mortgage rates are higher, that they're helping the investor, the individual investor down there. People like me, yeah, they're buying down the rates. So it's quite common for, oh, say on a $350,000 property for the builder to give you 2% of that 350 K purchase price. What is that, $7,000 at the closing table for you to buy down your mortgage rate? You also have turnkey newbuild companies that are giving 1 to 2 years of free property management. So new build typically costs more than renovated, which is why in the past a lot of investors like to buy a renovated property. But with the new builds and incentives like that and the fact that you're probably going to have lower insurance rates with new builds versus renovated, I think this really tilts toward you as the investors looking at property to your portfolio.   Speaker 1 (00:42:28) - It makes more sense now to look at new build than it has at any time in the recent past.   Speaker 3 (00:42:33) - Yeah, I know that like when we look at those big projects for for acquisition, you know, we're looking at what is it, what is the cost per unit for, let's say an acquisition in Phoenix versus building one? And in the last three years it was building all day long because the cost was 100,000 more per unit to buy crazy, crazy how existing product can get pushed up that high. And so all of a sudden that makes the building more affordable. Yeah, actually. And when you when you build the one next to the other, people are going to want the newer product all day long.   Speaker 1 (00:43:12) - Ken And maybe I can ask you a little something about being a builder. You know, I have learned from some builders that in a way some things are nice because they're not getting as much competition from resales on the market. We talked about why there aren't resales on the market. People want to hold on to their low mortgage rates so builders don't have the competition that way.   Speaker 1 (00:43:31) - But maybe you could let me know. Of course, it's going to vary by region and we've been talking very much nationally so far in the conversation here. But really, what's the lowest price point where it's still feasible as a builder to build where you have enough margin? Like what's the lowest price point on maybe a single family home? And then a larger. Yeah.   Speaker 3 (00:43:49) - So for me, it's mostly just apartments. So, you know, we'll go into a market. I'll give you a great example. We can buy in Austin, Texas, mid-nineties product, vaulted ceilings, nine foot ceilings, beautiful garages for $180,000 a door. Really nice. There's no way we can build that there for that price. Not even close. However, you take that exact project and you move it to Phoenix, it's 350 now. The rents are different, the expenses are different, the insurance is different, the property taxes are different. I understand the math. Is that the same? But, but on a per foot basis and a per unit basis, that's how different it is.   Speaker 3 (00:44:33) - So because of that, we're building in Arizona and buying in Texas. So now that can change. And also, you know that Austin could get really hot, those prices can go up and then we know that then it would change that dynamic. And so to your point, you always have to take a look at the difference between the deliverable. You know, do you buy The one thing I do like about buying is that it's immediate. You know, you could step into something immediate, make change immediate, whereas there's a bigger lag with the construction. So you do have some interest rate risk because you can't get a fixed rate loan on something that doesn't exist. It's land, it's air, and then it's built until it's in service, they call it. Then you can put fixed debt on it, but that's it. Up to that point, you're subject to a little bit of the whim of the fluctuations of the Fed and all the other things that that determine interest rates. So so you do have those things.   Speaker 3 (00:45:36) - We do love the new property. And so do our tenets. So when you build something new, people want to be there and they move out of that ten year or 15 year old product into something new. So there is that, plus you get a little bit more rent and, you know, all of those things. So there's positives and negatives for both.   Speaker 1 (00:45:55) - And so it's really, I'd say in the last ten years when you've seen the advent and proliferation of these build to rent companies, they're turnkey companies that build a finished product for you. That's the first thing that they do. And then the second thing they do is they place a tenant in it for you. And then thirdly, they hold it under management for you, the investor, if you so choose. Basically, it's those three things that define what a turnkey rental property is. So it's making more and more sense to do that with new build properties.   Speaker 3 (00:46:28) - Yeah, it certainly can and it's market by market. But you're right, you have to look at it each and every time.   Speaker 3 (00:46:34) - So before we wrap up, I'd like to talk about, you know, you always say invest in what's scarce, which I completely agree with. You know, And the other thing I like to say is invest the things that you can't print. So, you know, you could print dollars. You know, you can you can create a stock or ETF out of gold and all kinds of things, but you can't print gold, you can't print oil, you can't print trees. You can't print real estate. So let's talk about what's invest in what's scarce. So what do you mean by that?   Speaker 1 (00:47:05) - Oh, I love that. And we're so aligned on that. If I have any one investing theme, it comes down to one word scarcity. Yeah, I like to invest in what's scarce, not what's abundant and can be printed. You know, you don't even have to print anymore. It's just a few keystrokes and things like dollars and additional stock shares, abundant things, they can just be conjured into existence.   Speaker 1 (00:47:27) - So I avoid what's abundant like dollars in stocks and I focus on investing in what's scarce and is difficult to produce more of and take, yeah, real world resources to produce which is for me, it's real estate, gold and bitcoin that rounds out my scarcity theme. Why Real estate? It's a wealth builder really. Gold and bitcoin are not proven wealth builders. I think gold and bitcoin are maybe good places to move some capital once you've built it. Gold and bitcoin can be good stores of value gold really the classic store of value and bitcoin the real risk. But you know real world resources to produce. They're all scarce. Like we talked about the low supply of real estate. It has utility meaning usefulness. And yeah, when you buy a piece of real estate, a lot of people don't think about it this way, but break down all the commodities that you're buying when you buy a piece of real estate from drywall to gypsum, the copper wire to glass and all those sorts of things, it takes real world resources to produce that real estate.   Speaker 1 (00:48:27) - Real estate gives you advantages that gold and bitcoin don't like a reliable income stream and the ability to use leverage and terrific tax advantages. So that's why I'm a real estate guy. That scares gold, has a scarcity. What's really special about gold is it's one of the few things that's had enduring value for millennia, about 5000 years. You can say that about exceedingly few things. I guess you could make jokes about. It's intrinsic value. It's really not used that much industrially, but people have always flocked and gravitated toward that during times of uncertainty. And there's low supply inflation on gold that is very difficult to mine 2% more gold than it was the previous year. There were just challenges from exploration to mining and creating much more of this gold. And then thirdly, Bitcoin. You might not be that familiar with Bitcoin, but it takes real world resources, hardware, software and electricity to bring more Bitcoin into existence. There will never be more than 21 million bitcoins, so it has a fixed supply. You can't quite even say that about real estate and gold.   Speaker 1 (00:49:37) - A hard cap of fixed supply. More than 19 million bitcoin have already been mined. It's truly scarce and Bitcoin does have a role. It has some downfalls too, in case the government cracks down on it. I think that's the big risk with Bitcoin. But gold and dollars each have their downfall is difficult to transport gold across space due to its weight in its volume and security problems and then dollars. You can't transmit dollars across time due to inflation. Bitcoin is that one store of value. It's still volatile, it's still got some problems there, but it's the one store of value that you can transport across both space and time. You can't say that about dollars or gold. I'm a real estate guy. Real estate, you know, I think of it Ken is real estate is old and slow and analog and Bitcoin is young and fast and digital, so it is kind of a counterpoint. To the real estate with the Bitcoin. But yeah, if you need to build wealth and you don't have it yet, it's really difficult to invest in an asset class outside of real estate.   Speaker 1 (00:50:47) - Wealthy people's money either starts out in real estate or it ends up in real estate.   Speaker 3 (00:50:52) - Yeah, that's true. Yeah. I personally, I'm a big gold guy. I, I love being able to just throw a couple coins in my pocket and fly to wherever I want and pull them out and they're like, I got 4 or 5 grand.   Speaker 1 (00:51:04) - It's something tangible. You could actually look at it.   Speaker 3 (00:51:06) - It's nice. It's kind of nice to have that, you know, I don't particularly look at it as an investment, right? I look at it more as a hedge, an insurance policy, maybe a hedge against the dollar.   Speaker 1 (00:51:17) - Yeah, it's sort of like money insurance. I agree. And really a lot like an insurance policy. You hope you never have to use it, just like you hope you would never have to sell your goal. It's good money insurance. It's not a wealth builder. In my experience. It really just generally tracks inflation over time.   Speaker 3 (00:51:35) - Which is a good thing, by the way, especially now.   Speaker 3 (00:51:38) - I think what's interesting is have you had a chance to look at how much gold the central banks have been buying? I really have. So this is a really interesting point before we wrap up. So as you guys might know, central banks are in charge of printing money, basically. Well, other things, but one of those, that's one of them. So and they're kind of upset at the US dollar right now. Yeah. Because, you know, the world trades in US dollars and they're sitting on US dollars. And as we inflate and print US dollars, it looks like that a lot of them are buying gold, Right. And I would if, if they're they're trying to store their value in something that dollars so something other than dollars. I read an article the other day that said that we've been weaponizing the dollar against the rest of the world. Right.   Speaker 1 (00:52:28) - Right. So many foreign central banks, China, Russia and many more, they've really been loading up on gold these past few years.   Speaker 1 (00:52:36) - You see more and more international trade agreements, like you alluded to, cutting out the dollar and going through the yuan. You had the war in Ukraine, all these things increased geopolitical uncertainty. And that's why gold was on a tear and went over $2,000 recently.   Speaker 3 (00:52:49) - And then BRICs, BRICs is showing up. You know, that's the Brazil, Russia, India, China and South America. Right. And South Africa. Right. And I think there's a 30, 40 countries now. I've joined something like that.   Speaker 1 (00:53:04) - Yep. There's more and more. And they're not they're not pals of the United States.   Speaker 3 (00:53:07) - No, no. I don't know if you guys are watching this stuff, but it's something you have to watch. I mean, because your hard earned, your hard earned money is yours. And so you have to be a steward of it. You have to look at this stuff. It's not conspiracy theory stuff. You need to go out and Google this stuff and you'll see it's the dollar doomed. I don't know the answer, but I do know that you have to keep your eye on all this stuff.   Speaker 3 (00:53:30) - Right.   Speaker 1 (00:53:31) - Well, I'm glad you bring this up because one can speculate, one can make projections. But one of the few things that we do know and this is central to every investment that you make is that the dollar is going to continue to be debased. At what rate? We just don't know. But there are a few guarantees in life, but that's one thing that's virtually guaranteed. And really everything that we're talking about here hedges you against that. Again, dollars in stocks can easily be printed. Want to stay out of those sorts of checks?   Speaker 3 (00:53:59) - And if you could fix your rate while the government debases your dollar, you're winning.   Speaker 1 (00:54:05) - That's a winning formula for every million dollars in debt you have with just 5% inflation, you know the bank back 950 K after one year because wages and prices and everything, salaries are all higher. And with real estate, it's wow, your tenant pays all the interest for you while you're enjoying that debasement benefit. It's definitely counterintuitive. Get more debt. That's one of my favorite four letter words.   Speaker 3 (00:54:31) - Ha ha ha. Well, good. Keith, this has been awesome. So what's the best way people can reach you? I know I listen to your stuff, but I'm not sure everyone knows the.   Speaker 1 (00:54:40) - Get Rich Education podcast and get rich education YouTube channel. Real estate pays you five ways at the same time. Just regular buy and hold real estate. And it's actually okay that we didn't get into that because I made a free course with five videos, one on each of the five ways, just regular everyday buy and hold real estate pays and we're giving that away free right now at Get Rich education slash course. So it's a gift certificate and podcast and YouTube channel and again that free course real estate pays five ways which really reinforces why real estate is that generational wealth builder is a get rich education slash course. Awesome.   Speaker 3 (00:55:21) - All right, buddy, always great to see you.   Speaker 1 (00:55:23) - Love catching up, kids. Yeah. I hope that you enjoyed that vibrant conversation and a lot of original thoughts between Ken and I there.   Speaker 1 (00:55:36) - Ken is one of the more giving guys in the real estate industry. I like to hang around with the givers and reciprocate myself. One thing that I cannot take credit for as original is my part of the discussion where I was speaking about how the property is only the fourth most important thing in real estate investing. I learned at least some version of that from the real estate guys Robert Helms and Russell Gray. Now, when it comes to the prospect of a housing price crash, I think that a lot of the gloom and doom was that were completely wrong about that. Since 2020, you know, a lot of them have just dissipated or have gone away. Economic uncertainty that could not make home prices fall in any meaningful way like we've experienced the last three plus years and then last year a doubling of interest rates. Well, that couldn't really touch home prices either. Looking into the future, the rest of this year and into next year, I've got a good eight or so reasons here that home prices won't crash, although there could always be a black swan event, I suppose, from a pandemic to a direct hit by a meteor into the center of the United States.   Speaker 1 (00:56:46) - You are listening to someone that successfully invested through two recessions here. Home prices won't crash anytime soon because there aren't currently enough homes to house Americans. There are billions of dollars sitting on the sidelines right now just waiting for people to jump into the market. Lending guidelines have been strict for a decade plus, and that means those that own homes now can afford to make the payments. Home equity is also near record levels, so those that do have trouble making their payments, they wouldn't have to make a highly distressed fire sale. The government will do everything that they can to stop foreclosures, and on average, it takes 900 days to complete one. The population keeps increasing, although slowly US housing is still some of the most affordable in the world. And what higher interest rates do is that they also slow homebuilding. They slow that rate of new supply. This is all why housing prices cannot crash any time soon. We've got a fantastic show coming up here next week for you. If you're newer to this show or you just haven't seen my free real estate pays five Ways video course yet.   Speaker 1 (00:58:00) - Like I was telling Ken's audience about there, this is fundamental to you building the kind of life that you've always wanted for yourself. The course is truly free. I don't try to upsell you from that to some paid course. Perhaps the best thing that you can do for your financial future is to watch and understand all of the ways that you are paid. You can do that now at Get Rich Education slash course Happy independence Day. I'm Keith Winfield. Don't quit it.   Speaker 4 (00:58:35) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:59:03) - The preceding program was brought to you by your home for wealth building get rich education. Com.    

Dr. Steve is joined by Josh Zieglowsky, from ERC Specialist, as they talk about how to recoup some of the losses and revive businesses endured during the Biden lockdowns. Josh and his team have helped thousands of Turley talkers and patriot business owners take advantage of an amazing resource called the Employee Retention Credit.   Highlights:  ●      “There was another program at the exact same time as PVP called ERC, which stands for Employee Retention Credit, but you could not get both. In 2021, what President Biden did was he amended it and called it the American Rescue Plan Act, under the CARES Act. - Josh Zieglowsky” ●      “And our main purpose is to help people and go through that process. And that's what's kind of made us different from the competition is we've made it very automated, and easier for business owners to go through the questions, answer the questions for their business, upload a couple documents, t takes us about two, three weeks to get back to them and say, you're approved for, $322,000 and 11 cents. Do you want us to file? Because we don't charge anything up front. We only charge a percentage of what they get approved for when they get the money from the IRS, that's the one thing that's the bad part of the program is it does take the IRS six months to send out the money. We wait until the money's received and then we take 15% of that. - Josh Zieglowsky”  ●      “It's an amazing opportunity. You literally have free money out there that's just waiting for you to pick it up. And it's yours anyway. You're the taxpayer, so don't wait.”   Timestamps:     [02:29] What is this E.R.C? [07:03] Who's eligible to take advantage of the E.R.C credit? [13:09] What can they do right now to start taking advantage of this opportunity? Resources:  ●      Get your money back from Biden HERE: https://ercspecialists.com/?fpr=turley ●      Go to https://expressvpn.com/turley to find out how you can get 3 months free! ●      HE'LL BE BACK! Get your limited edition TRUMPINATOR 2024 Bobblehead HERE: https://offers.proudpatriots.com/ ●      Join Dr. Steve's Community of Courageous Patriots Building a PARALLEL Conservative World at https://join.turleytalks.com/insiders-club-evergreen/?utm_medium=podcast  ●      Join my growing FREE Courageous Patriot Network TODAY: https://group.turleytalks.com/telegram-chat-optin   Thank you for taking the time to listen to this episode.  If you enjoyed this episode, please subscribe and/or leave a review. Make sure to FOLLOW me on Twitter: https://twitter.com/DrTurleyTalks BOLDLY stand up for TRUTH in Turley Merch! Browse our new designs right now at: https://store.turleytalks.com/ Do you want to be a part of the podcast and be our sponsor? Click here to partner with us and defy liberal culture! If you want to get lots of articles on conservative trends, sign up for the 'New Conservative Age Rising' Email Alerts.