Podcasts about fairman

Get Surfshark VPN at https://surfshark.deals/tracklimits - Enter promo code Tracklimits for 83% off and 4 EXTRA months for FREE! In this dynamic podcast episode, we welcome two distinguished guests from the world of motorsport media: Matt Amys, Head of Content for Quadrant, Lando Norris's creator entertainment brand, and Katy Fairman, host of the Small Torque Podcast and a seasoned motorsports journalist. Join us as we delve into their fascinating careers, behind-the-scenes insights, and the unique challenges of content creation and journalism in the high-octane world of motorsports. The conversation kicks off with Katy Fairman discussing her impressive career and the work ethic that has propelled her to success in motorsports journalism. She shares her approach to preparing for high-stakes interviews with top drivers, including memorable experiences with Sebastian Vettel, and the unique challenges of covering motorsports events around the globe. Matt Amys then takes us into the world of Quadrant, offering a behind-the-scenes look at his role in planning and producing content for Lando Norris's entertainment group. He shares some of the most memorable and challenging shoots, providing a glimpse into the logistics and fun of creating engaging content with one of F1's brightest stars. Both guests reflect on the balance between work and passion in their respective fields. Katy recounts her travel struggles, including a dramatic journey to Mexico interrupted by a tornado, while Matt discusses the humorous incidents and difficulties encountered during filming for Quadrant. We explore the unique aspects of motorsports journalism and content creation, with both Matt and Katy offering insights into the ever-evolving digital landscape of motorsport media. They discuss the importance of innovation in content creation, strategies for handling negativity, and the fulfillment of bringing unique motorsport stories to life. Here are Katy & Matt's socials so you can follow them on their journey: https://www.instagram.com/katymotorsport/ https://www.instagram.com/mattamys/ Make sure to subscribe, review and follow us on our socials: https://www.instagram.com/tracklimits/ https://twitter.com/tracklimits_pod/ https://www.tiktok.com/@tracklimitspod Join our mailing list to learn more about Track Limits: https://www.tracklimitspod.com/ We have launched our MERCH STORE with some exclusive items. Unlock free shipping worldwide using the code FREESHIPPING at https://shop.tracklimitspod.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Send us a Text Message.Hold onto your bagels, folks! This week, we're serving up something extra special. Join us as Neil drops by for some vodka on the rocks and spills the beans on his incredible journey. We talk with Neil about his Montreal frozen bagel stash and all the incredible South Florida development projects Neil has been involved with. Get ready to race through his love for fast cars, his adventurous college dropout story and traversing Iran, Afghanistan, and India, and his rise to the top of the development world. From navigating industrial warehouses in Montreal to tackling major projects in Russia, and now leading the Magic City Innovation District – Neil's ride is as wild as it gets.Tune in for an episode full of laughs, inspiration, and maybe a few surprises. You don't want to miss this one! Looking to dive deeper into the Miami commercial real estate scene? Well, you've stumbled upon our favorite topic of conversation. So, whether you're a curious beachcomber or a seasoned investor, drop us a line at info@gridlineproperties.com or dial us up at 305.507.7098. Or if you're feeling social, you can stalk us on LinkedIn and connect with us there. Let's make some waves in the 305 real estate world together! Ben Hoffman's bio & LinkedIn ( linkedin.com/in/ben-hoffman-818a0949/ ) Felipe Azenha's bio & LinkedIn ( linkedin.com/in/felipeazenha/ ) We extend our sincere gratitude to Büro coworking space for generously granting us the opportunity to record all our podcasts at any of their 8 convenient locations across South Florida.

Foresight Group was a pioneer in renewable energy investment back in the 1990s. Today, it's a diversified investment group listed in London. Its founder and chairman, Bernard Fairman, talks about its expansion into global infrastructure, why he favours hydrogen over electric, and his plans to build out the firm's UK venture investment arm into an international-regional growth equity franchise.

Host Cara Corridoni discusses the latest developments in West Chester including the opening of several new shops, the closing of Fairman's and the proposal to build houses at the site of the West Chester Growers Market.

#17: In this podcast episode, private lending and fund manager Bill Fairman shares strategies of taking someone's assets from $300k to $1.9 million using the power of compounding interest. He discusses his journey from the 2008 market crash to today and some of the very exciting things he is teaching others. Whether you're an investor, lender or entrepreneur this episode offers valuable insights into wealth building and achieving financial goals. Bill Fairman is a best-selling author, national speaker, and serial entrepreneur who has been in the mortgage banking industry for 30+ years.

www.sdelamare.blogspot.comwww.taletellerclub.com

My chosen book today is read by Kirks Voice...Robots Forever!!!! More robots and futurism on my site of course www.taletellerclub.comPaul W. Fairman, a versatile writer and editor, contributed to various genres under his own name and pseudonyms. His detective story “Late Rain” appeared in the February 1947 issue of Mammoth Detective, while “No Teeth for the Tiger” graced the pages of the February 1950 edition of Amazing Stories1. Fairman's literary journey extended beyond detective fiction, encompassing science fiction as well.Here are three intriguing science fiction short stories by Paul W. Fairman:Deadly City: The protagonist awakens in darkness, pain throbbing in his head. His touch reveals a lump—a safety precaution, perhaps. The story unfolds against the backdrop of an alien invasion in Chicago, where a handful of survivors grapple with a deserted city and impending annihilation.Secrets of the Martians: Set in a colony where few have encountered Martians, this tale explores unexpected trouble. Spencer's death and Rex Tate's entrapment hint at Martian involvement. What secrets lie hidden?.Traitor's Choice: Kendall faces a harrowing decision: defy the aliens and risk Clare's gruesome fate, or comply and doom an entire planet. The weight of responsibility rests heavily on his shoulders2.These stories, rich in suspense and imagination, offer glimpses into otherworldly realms and the choices that shape them. If you're intrigued, you can explore the full audiobook recording of “Three SF Short Stories by Paul W. Fairman” on LibriVox2. Fairman's legacy continues to captivate readers and listeners alike.

Join our host, Vic Faust, as he engages in a riveting discussion with Sophi Fairman from PigCareers.com!

Getting naked doesn't have to be a shameful thing. Your body was made to be good and to be celebrated in caring and boundaried ways. Join Chris, Scott and their friend Thomas Fairman as they discuss all things nudity, masculinity and body. #arousal #desire #shame #attraction #story #vulnerability #body #men #masculinity #naturism #nudist #nude #natural You can connect with Thomas at https://www.wyldmen.com. SUBSCRIBE NOW so you don't miss any exciting episodes. You can CONNECT with Chris and Scott at https://www.sexcessfulmen.com.  

That's right, the gang is back together! We're joined by Katy Fairman ahead of the new Formula E season which kicks off this week. Why should you watch it? Which new tracks are on the calendar? And how did Tommy nearly crash the new Gen3 car? We've got all the answers.You can sign up to our Patreon here! You'll get access to exclusive episodes you won't hear anywhere else, every P1 episode ad-free, full driver interview videos, early access to tickets and more!Follow us on socials! You can find us on Twitter, Instagram, Twitch, YouTube and TikTok. Hosted on Acast. See acast.com/privacy for more information.

I hosted Former WTF1 editor, F1 journalist-Katy Fairman for the last podcast of this year. Katy shares with us how she would prefund her tickets to F1 races before eventually landing her first F1-related paid job at WTF1. We asked for names and Katy candidly shared how she landed interviews with Pierre Gasly, Max Verstappen, Sebastian Vettel and many others. ⌚️TIMESTAMPS 00:00 - Intro 01:56 - How I started 09:18 - I asked Pierre Gasly 12:50 - My interviews early on 16:05 - Joining & leaving WTF1 26:34 - From freelancer writer to F1 journalist 30:41 - My question to Lewis Hamilton 33:33 - F1 drivers I have interviewed 41:09 - My full circle moment interviewing Nico Rosberg 43:27 - Critics from passionate F1 fans 50:00 - Working in a male-dominated industry

Gabriel Fairman, Founder and CEO of Bureau Works, joins SlatorPod to talk about the potential of generative AI in translation management. Gabriel shares the origin story of Bureau Works, where over the years his perspective shifted towards viewing translation as an information management challenge, leading Bureau Works to transition into a tech-enabled business.Gabriel discusses the challenges and opportunities presented by large language models, touching on issues of cost, workflow integration, and the potential for a more interactive and fluid translator-computer relationship.Gabriel rejects the idea of comparing language models like GPT to human translators, viewing them as aids to improve the human experience rather than alternatives.Gabriel Fairman explains the flexibility of Bureau Works' UI, which aims to optimize productivity and a sense of authorship, in contrast to the repetitive and frustrating nature of traditional machine translation post-editing.BWX is concentrating on simplification in 2024, introducing features like the learning terms tool, and aiming to integrate translation seamlessly into various tools and simplify project creation and management.

In this podcast, Scott Summerfield, Senior Director, Pharmaceutical Metabolism at Pharmaron discusses his recent publication on Free Drug Theory (FDT) with Simon including the principles, arguments, and project impact. This article was an invited contribution to a special edition of the Pharmaceutical Research Journal recognizing the achievements of Professor Margareta Hammarlund-Udenaes and Kp,uu.The episode addresses the following questions:What is the FDT?How FDT relates to fundamental physical and biochemical principles?How ambiguity in its definition can hamper discussions in drug design?Importance of linking drug-at-target concentrations to drug-target bindingHow to apply FDT as a starting point to understanding concentration-effect relationships and PK/PD?Speaker:Scott Summerfield, Ph.D.  - Senior Director, Pharmaceutical Metabolism at PharmaronDr Scott Summerfield is currently Senior Director and Head of Pharmaceutical Metabolism at Pharmaron where he leads the UK group and its support of the Life Sciences industry.  He studied Chemistry at Coventry University followed by a PhD in Biological Mass Spectrometry at Warwick University and then a Post Doctoral fellowship at Manchester University.  Scott joined the Pharma industry in 1997 as a member of SmithKline Beecham's DMPK group.  At the formation of GSK he moved to Neuroscience Discovery serving in a range of roles from leading the bioanalytical and biotransformation team, DMPK program representative, and member of the company's Blood-Brain Barrier Working Group.  Scott has led WW groups supporting nonclinical and clinical PK and Biomarker Bioanalysis and has published over 60 scientific articles and book chapters.  He is a Fellow of the Royal Society of Chemistry, a children's book author, a professional Coach, and a Kung Fu instructor.  Reference:Summerfield, S.G., Yates, J.W. and Fairman, D.A., 2022. Free Drug Theory–No Longer Just a Hypothesis?. Pharmaceutical Research, 39(2): 213-222. Stay tuned for more podcasts in our Pharmaron DMPK Insights Series!

In this podcast, Dr. Paul Morgan, Head of DMPK at Grünenthal Group, discusses the development of the publication that introduced the “5R framework” and improved the likelihood of AstraZeneca candidate survival from candidate drug nomination to Phase III. We will then discuss how the area has developed since then and where the field may go in the future.The episode addresses the following questions:What was the situation like that led to the development of the 5Rs?How was the analysis conducted?How was this analysis accepted both within the organization and externally?What changes occurred as a result of this?As we sit here today has this work led to the improvements suggested?What do you see as the future? Have we done enough? What else is needed?Speaker:Paul Morgan, Ph.D. - Head of DMPK at Grünenthal GroupDr Paul Morgan has worked in Pharma R&D for 30 years across multiple therapeutic areas taking projects from early discovery through all stages of drug development and registration.  With specialism in Drug Metabolism and Pharmacokinetics (DMPK), he has led R&D departments in Pfizer, AstraZeneca, Sosei Heptares and now Grunenthal working across the interface between DMPK and Med Chem, Pharmacology, Safety, Clinical and CMC.  He has a keen interest in R&D productivity enhancement and has contributed to major initiatives at both Pfizer and AstraZeneca to introduce frameworks for the improvement of drug survival.   Paul is an honorary senior lecturer in Department of Pharmacology at University of Liverpool where he did his PhD.   Paul is originally from Belfast, Northern Ireland and is currently based in North-West England just outside Manchester.  He is married with two grown-up children and a lively dog!References:Morgan, P., et al, 2018. Impact of a five-dimensional framework on R&D productivity at AstraZeneca. Nature reviews Drug discovery 17.3: 167-181.Summerfield, S.G., Yates, J.W. and Fairman, D.A., 2022. Free Drug Theory–No Longer Just a Hypothesis?. Pharmaceutical Research, 39(2): 213-222. Smith, D.A., and Rowland, M., 2019. Intracellular and intraorgan concentrations of small molecule drugs: theory, uncertainties in infectious diseases and oncology, and promise. Drug Metabolism and Disposition 47.6: 665-672.Smith, D.A., Di, L. and Kerns, E.H., 2010. "The effect of plasma protein binding on in vivo efficacy: misconceptions in drug discovery." Nature reviews Drug discovery, 9.12: 929-939.Stay tuned for more podcasts in our Pharmaron DMPK Insights Series!

A long lost Egyptian royal cache, theft, and a moral conundrum. It can only be one of the greatest Egyptian films of all time, The Night of Counting the Stars. In this episode, I shall look into the fascinating background information of the film, asses its historical accuracy, and review the film.Email: mummymoviepodcast@gmail.comBibliographyAfrica in motion. (2023). Al-Mumia: The night of counting the years 1969. Retrieved from https://www.africa-in-motion.org.uk/ Aldred, C. (1979). More light on the Ramesside tomb robberies. In J. Ruffle, G. Gaballa, and K. Kitchen (Eds), Glimpses of Ancient Egypt: studies in honour of H. W. Fairman (pp. 96-99). London: Aris and Phillipsal-Salām, S. A., & Toufic, J. (1999). The Night of Counting the Years (aka The Mummy). Discourse, 21(1), 89-126. Belova, G. A., & Graefe, E. (2010). The royal cache TT 320: A re-examination. Der el Kutub. Broekman, G. (2018). The 21st Dynasty: The theocracy of Amun and the position of the Theban priestly families. The Coffins of the Priests of Amun: Egyptian Coffins from the Collection of the National Museum of Antiquities in Leiden, 13-20. Cinema Sojourns. (2022). The Night of counting the years. Retrieved from https://cinemasojourns.com/ Cooney, K, M. (2009). Private sector tomb robbery and funerary arts reuse according to West Theban documentation. In Toivari-Viitala, J, Vartiainen, T, and Uvanto, S (Eds), Deir el-Medina Studies: Helsinki, June 24-26, 2009: proceedings (pp. 16-29). Helsinki : Suomen Egyptologinen Seura ry.Ikram, S. (2001). The iconography of the hyena in Ancient Egyptian art. Mitteilungen des deutschen archaologischen instituts abteilung Kairo, 127-14IMDB. (2023). The night of counting the years. Retrieved from https://www.imdb.com/?ref_=nv_homeJohnston, J. (2013). Rewriting History: Shadi Abdel Salam's ‘The Night of Counting the Years'. A. Dodson et al. A Good Scribe and An Exceedingly Wise Man: Studies in Honour of WJ Tait, 168-176. Rotten Tomatoes (2023). The night of counting the years. Retrieved from https://www.rottentomatoes.com/ Hosted on Acast. See acast.com/privacy for more information.

Murder, mystery and romance, it's all here in the 1981 film, Sphinx! In this episode, a trained archaeologist and Egyptologist looks into the background information, asses the historical accuracy, and reviews the film.Email: mummymoviepodcast@gmail.comBibliography Aldred, C. (1979). More light on the Ramesside tomb robberies. In J. Ruffle, G. Gaballa, and K. Kitchen (Eds), Glimpses of Ancient Egypt: studies in honour of H. W. Fairman (pp. 96-99). London: Aris and PhillipsCarter, H. (1923). The Tomb of Tutankhamun: Volume 3: The search, discovery and clearance of the antechamber (Vol. 1). Bloomsbury publishing. Hart, G. (2005). The Routledge dictionary of Egyptian gods and goddesses. Routledge. Hornung, E., HILL, M., & Burton, M. (1991). The Tomb of Pharaoh Seti 1/Das Grab Sethos'1. Zurich and Munich. IMDB. (2023). Sphinx. Retrieved from https://www.imdb.com/?ref_=nv_home Janssen. (1970). Commodity prices from the Ramesside Period. Leiden: BrillJones, M. (1990). The temple of Apis in Memphis. The Journal of Egyptian Archaeology, 76(1), 141-147. Kitchen, K, A. (1983). Ramesside inscriptions: historical and biographical. Volume V. Oxford: BlackwellKitchen, K, A. (2012). Ramesside inscriptions: translated & annotated: translations. Volume VI. Oxford: BlackwellRotten Tomatoes (2023). Sphinx. Retrieved from https://www.rottentomatoes.com/ Hosted on Acast. See acast.com/privacy for more information.

While no business can be 100% recession-proof, you can become recession resistant and wildly successful in most markets. Bill Fairman and Wendy Sweet run a family business that includes owning short-term rental properties, self-storage facilities, and buying and selling certain properties. But their main thing is... lending. As private lenders with years of experience, they share their real estate expertise on how to protect and build your income with smart investing strategies. You'll enjoy the different ways to get creative with investing! Wendy & Bill's Website: https://www.carolinahardmoney.com/ Email To Contact: Bill@carolinahardmoney.com

Get investing with Freetrade! Receive a free share worth £10-£100 when you sign up to Freetrade using freetrade.io/tll You'll need to fund your account with £50 and be a new 18+ customer in the UK. Capital at risk. The probability is weighted, so more expensive shares will be rarer. Other terms and conditions apply. See here for details: http://freetrade.io/tll #AD Katy Fairman and Ciaran Stroll F1 talke the CHAOS of the Monaco Grand Prix! Katy chats WTF1 and they debate the possible return of Honda with there deal at Aston Martin! To watch & listen to the FULL podcast here: Listen on Spotify -  https://open.spotify.com/show/1H9KOhG8cBmI0WbL3ZQNdJ?si=d697634073a742c0 Tommo: https://youtube.com/c/TommoOnYoutube https://twitter.com/TwommoF1 Niran: https://www.youtube.com/user/FlyingNirangatang https://twitter.com/theofficialfng Katy: https://twitter.com/katyfairman?t=YXAzQfkOhSDA0zECkYCYyg&s=09 Ciaran: https://www.tiktok.com/@ciaranstrollf1

This week, we chatted with Katy Fairman on the podcast, motorsport writer and content creator with six years of experience and bylines in Sports Illustrated, WTF1, Formula E and more! Tune in as we chat about things media, both traditional and new, and how it continues to evolve along with the popularity of the sport. Hosted on Acast. See acast.com/privacy for more information.

Ep. 108: Josh Fairman of Sunsquabi & LVNDR.SOUND Weird Music Podcast is all about learning from inspirational musicians and music industry entrepreneurs about how to channel creative energy. This episode features producer & musician Josh Fairman, who plays bass and synth in Sunsquabi as well as his new project LVNDR.SOUND with Perception Records. Josh talks about being an artist, life on the road, where music is headed, and much more. Enjoy! Check out LVNDR.SOUND here: https://www.lvndrsound.com/ And find tickets to Sunsquabi tour here: https://www.sunsquabi.com/tour-dates Perception Records: https://www.perceptionrecords.com/ And let us know if you'd like a handmade ice-dyed Weird Music Podcast t-shirt! — https://forms.gle/Ri5grzaMoC4QUXRU8 Produced by: Katie Daly Sponsored by: VooDoo Ranger ( https://www.newbelgium.com/beer/voodoo-ranger-ipa/ ) Thrax CBD & THC ( http://thrax.shop/ ) JNJ Distribution ( https://jnj-distribution.com/ ) We are very grateful for our generous listeners & sponsors! Feel free to give a tip on Venmo — @Cam_Elkins

In this re-released episode, we dive into, The Awakening, staring Charlton Heston from 1980.Email: Mummymoviepodcast@gmail.comBibliographyAldred, C. (1979). More light on the Ramesside tomb robberies. In J. Ruffle, G. Gaballa, and K. Kitchen (Eds), Glimpses of Ancient Egypt: studies in honour of H. W. Fairman (pp. 96-99). London: Aris and PhillipsCline, E. H. (2006). Thutmose III: a new biography. University of Michigan Press.Kitchen, K, A. (2012). Ramesside inscriptions: translated & annotated: translations. Volume VI. Oxford: BlackwellMiddleton, R. (1962). Brother-sister and father-daughter marriage in ancient Egypt. American Sociological Review, 603-611.Roehrig, C. H., Dreyfus, R., & Keller, C. A. (2005). Hatshepsut, from queen to Pharaoh. Metropolitan Museum of art.The Awakening. Retrieved from https://www.boxofficemojo.com/Wilkinson, R. H., & Reeves, N. (1996). The complete Valley of the Kings: tombs and treasures of Egypt's greatest pharaohs. Thames and Hudson. Hosted on Acast. See acast.com/privacy for more information.

In this episode, we dive into, The Awakening, staring Charlton Heston from 1980.Email: Mummymoviepodcast@gmail.comBibliographyAldred, C. (1979). More light on the Ramesside tomb robberies. In J. Ruffle, G. Gaballa, and K. Kitchen (Eds), Glimpses of Ancient Egypt: studies in honour of H. W. Fairman (pp. 96-99). London: Aris and PhillipsCline, E. H. (2006). Thutmose III: a new biography. University of Michigan Press.Kitchen, K, A. (2012). Ramesside inscriptions: translated & annotated: translations. Volume VI. Oxford: BlackwellMiddleton, R. (1962). Brother-sister and father-daughter marriage in ancient Egypt. American Sociological Review, 603-611.Roehrig, C. H., Dreyfus, R., & Keller, C. A. (2005). Hatshepsut, from queen to Pharaoh. Metropolitan Museum of art.The Awakening. Retrieved from https://www.boxofficemojo.com/Wilkinson, R. H., & Reeves, N. (1996). The complete Valley of the Kings: tombs and treasures of Egypt's greatest pharaohs. Thames and Hudson. Hosted on Acast. See acast.com/privacy for more information.

Bill Fairman (00:01): Greetings, everyone. We are live. Thank you for joining us. Wendy will not be with us today. She is currently at, I don't know, 30,000 feet on, on an airplane. So we're gonna talk about the year end review, even though the year isn't over with yet, but I don't know what much more will transpire between now and the first. So we're gonna, I'm do a, I'm, we're in a review today and we'll get to that right after. It's funny, that graphic we're showing the, the passive income gang. Yeah. With all the money flying. I'm going, that looks kinda active to me. ,   Jonathan Davis (00:59): He makes so much money passively, he just actively throws it away. Is that what Yeah, I guess that's   Bill Fairman (01:03): The, so by the way, welcome to the show. We are what is the name of the show? I keep forgetting? It's real estate. Real Estate Investor Show Hard Money for real estate investors. We are Carolina Capital Management private lenders in the Southeast for real estate professionals. If you have a project that you would like us to take a look at, please go to carolina hard money.com. Click on the apply now tab. If you're a passive investor looking for passive returns, we have a place for you as well. Click on the accredited investor tab. Don't forget to like, share, subscribe, hit the bell. And don't forget about Wednesdays with Wendy, since this is Thursday. She's not here. . So Wendy Dev devotes 30 minutes per person on Wednesdays to talk about anything real estate. Yep. She's usually booked up in advance quite a bit. So there's a link to get on her calendar.   Jonathan Davis (02:07): Yeah. She's usually a month or two out. Yeah.   Bill Fairman (02:09): Yeah. Take advantage of it.   Jonathan Davis (02:11): Mm-Hmm. . Absolutely. Well, a month in review, or a month in review, A year in review, that's even worse. But   Bill Fairman (02:18): First   Jonathan Davis (02:18): Yeah.   Bill Fairman (02:29): I always like freaking out our production group.   Jonathan Davis (02:31): I love that. Yeah. I mean, we'll, we'll get to the, we'll get to the breaking news in a second. But yeah, I mean, just kind of a, an over overarching cap. Like we   Bill Fairman (02:39): Had a lot   Jonathan Davis (02:39): Going on this year has been Wow. It's just, you know,   Bill Fairman (02:44): Yes.   Jonathan Davis (02:45): Not to, you know, the same, the same investor loan that would've captured over 4.1% in January is capturing an 8.7% rate in December. I mean, it's, that's a big swing.   Bill Fairman (02:58): Yeah. And if you're, you know, if you bought a piece of property and before you get it finished and then the numbers don't work out for you mm-hmm. you're gonna have to readjust. Yeah. Obviously.   Jonathan Davis (03:10): Yeah. I mean, I think the, you know, if you, you know, $400,000 investment in house, you know, typically, you know, you need about $1,800 of rental income at a three and a half percent rate to cover it. And with the rates jumping where they are, and now you need $2,700 in rents to cover the, the payment Yeah. Rents while increasing didn't increase that much. Right.   Bill Fairman (03:34): And they will eventually. But, but do, do you wanna lose money until then? No, you always have to have cash. It has to cash. Even if it's only $200 a month.   Jonathan Davis (03:48): Even if it's only $50. I mean something, you know, 200 is better than 50, but Yeah. Don't have a negative cash flow. Yeah.   Bill Fairman (03:55): But like I said, in the long run the rents will eventually outpace. Mm-Hmm. And then, you know, at some point rates should come down and then you can refinance and improve that.   Jonathan Davis (04:09): I love the certainty of the wood. Should makes me not think of that. Never know. What's that phrase? Don't should all over me.   Bill Fairman (04:16): Don't shit all over me. It's nice. All right. But before we get to this year end review we have a little bit of breaking news. I a little, oh, the corner. You guys can't see it from here, but we got an emoji of Oh my gosh. What are you talking about,   Jonathan Davis (04:46): ? Well, so, you know, not necessarily breaking, but you know, it's news nonetheless. What is interesting is the days on market or the inventory market in, in a single family is 1.6 months for October for the prior month, which is almost,   Bill Fairman (05:07): That's not even close to normal,   Jonathan Davis (05:08): Not even, but for the last five years, that is the lowest days on market for the last five years.   Bill Fairman (05:18): Is that nationally?   Jonathan Davis (05:19): Yes. Nationally for the last five years. So that even, even with what we're going through, higher interest rates, low, you know, low supply, we still, you know, loans are, houses are still closing and they're closing fast.   Bill Fairman (05:34): So as we always say here, a stable market is six months worth of inventory. Mm-Hmm. . And so now we're talking about still less than two months. Yeah.   Jonathan Davis (05:42): Yeah. Absolutely. also, you know, you know, just wanna throw out North Carolina, Charlotte, and Raleigh they made it into the top 10 best markets for growth for multifamily and single family. So looks like Raleigh Raleigh came in at nine and Charlotte came in at seven. Wow.   Bill Fairman (06:06): Yeah. Well that just goes to show you all the people that are migrating to these parts.   Jonathan Davis (06:11): Yeah. And notables, you know, Tampa came in in the top 25. So did Atlanta. And those are also places that we lend in. Yeah. so, you know, we love that. And then, you know, the top five multifamily markets to invest in, just released by, who is it? Yardi, Yardi Matrix. Number one is Atlanta. You know, we get that. But number four, Charlotte. Wow. Yeah. So, you know, even, even with everything going on, you know, it still rounds out the top five for markets to invest in a multi-family.   Bill Fairman (06:44): Yeah. I, I lived in Atlanta in the very late seventies and early eighties while I was going to school down there. And I was always told if you can't get a small business off the ground in Atlanta, you'll not be able to get a small business off the ground   Jonathan Davis (07:01): Anywhere. That's true. There's a lot of small businesses in   Bill Fairman (07:03): Atlanta. Cause it was just a market that even in those high I mean that at that time they were high interest rate. We were in the middle of recession as well.   Jonathan Davis (07:14): Yeah.   Bill Fairman (07:15): And people were still very optimistic about you know, business growth in the Atlanta market. Mm-Hmm. . And that has really kind of translated into most of the, the southeast, because Yeah. A lot of people are migrating here. You got anything else?   Jonathan Davis (07:30): Just, you know, I thought it was interesting. Maybe you all will as well. I did not know exactly how many hours the average renter had to work to pay for their rent. Mm-Hmm. it's 62 hours. Yeah. 62 and a half hours.   Bill Fairman (07:44): For the month's rent.   Jonathan Davis (07:45): For the month's rent, they have to work 62 and a half hours to, you know, to pay their month's rent, which is now, which that is up six hours more than it was Yeah. Before the pandemic. So, you know, you have to work six more hours to live in the same place. I, I like, you know, equating those things together, it's like what, you know, we, we can say it costs $200 more, but, you know, or it's, you know, you know, we like, you know, we like the expression of time returning time return on effort. You have to work six more hours to stay in the same place.   Bill Fairman (08:15): Well, you think about that if you're trying to qualify for a mortgage, your housing expense can't be more than what, 28%?   Jonathan Davis (08:26): Yeah. Yeah. 28. Yeah. I think that's right.   Bill Fairman (08:29): Brian, if Brian's listening, he'll   Jonathan Davis (08:31): Go correct it. Yeah.   Bill Fairman (08:32): He'll chime in. But I, I think it's in the 28% range, so mm-hmm. that's much higher. 62 hours is much higher than what it's gonna be to qualify for a mortgage. Yeah. So rents are going up higher than your affordability for Oh yeah. Buying a home.   Jonathan Davis (08:52): Yeah. You know, and they'll say like, rents have, you know, have slowed down. They have the rate of appreciation or arising has, has slowed down, but they still rose seven over 7% year over year for October. Yeah. Which is, you know, yeah. You know, more than average, but, but slowing down.   Bill Fairman (09:12): Okay. So let's talk about the, and I'm gonna talk about single family prices first or home appreciation for the year in review.   Jonathan Davis (09:23): This is the year in review. ,   Bill Fairman (09:34): It looks like a heavy metal here in   Jonathan Davis (09:36): Review. I love it. I only did that cuz I like to throw bill off.   Bill Fairman (09:39): That's okay. It's easy to do. So peak home appreciation hit in June of 2022 at an annualized rate of 20%.   Jonathan Davis (09:56): Did you round I think it was 19.8.   Bill Fairman (09:58): Yeah, I rounded it. Yeah. 20%. That's incredibly high. And as we always talk about here, unsustainable   Jonathan Davis (10:07): , 20% growth. Yeah. Was is unsustainable.   Bill Fairman (10:11): So what what's funny, I, I hear a lot of the, the pundits talk about this and how all the markets are overvalued, which they are for the most part. And as the things shake out, they believe that appreciation will drop all the way down to between two and a half and three and a half percent.   Jonathan Davis (10:31): You mean to normal,   Bill Fairman (10:32): Which is been the normal rate of appreciations. It's the fifties.   Jonathan Davis (10:36): It's terrible. It's going to, it's gonna just crash. The market's gonna crash, it's gonna get down back to normal appreciation.   Bill Fairman (10:43): 2022, I also saw record energy prices.   Jonathan Davis (10:48): That is true. Yeah.   Bill Fairman (10:50): Our fuel has gone through the roof, which means that's gonna add pain to everything that we do. Yep. Everything.   Jonathan Davis (10:59): Everything.   Bill Fairman (10:59): Yep. That's one. I mean, we had inflation because of supply chain, which was, you know, kind of a short term thing.   Jonathan Davis (11:07): Yeah. I I didn't, it was supply chain. It had nothing to do with four, you know, what was it trillions of dollars? Was it 4.2 trillion being printed? Well, that didn't help.   Bill Fairman (11:16): Yeah. But I mean, we did have inflation because we, we had a lot of people demanding stuff. We couldn't get it. Yeah. So if you could get it, you were gonna pay more for it.   Jonathan Davis (11:25): Sure. But you had 4 trillion more dollars.   Bill Fairman (11:27): No, I, I get all that. I'm not saying that's not the only thing, but that would've been temporary. But the, the cost of energy going up keeps it going even longer. Yeah. And then the Fed, in my opinion, it's not the rates that were so low that caused a lot of this and then the free money that the government was giving out, but the balance sheet of the Fed mm-hmm. . I just wanna, they weren't reigning that   Jonathan Davis (11:55): In. Just wanna point out, bill said, you know, the free money that the government was handing out, as you all know now, there is no such thing as free money. You're feeling, everyone's been feeling for how long? Yeah.   Bill Fairman (12:07): It's free to some people.   Jonathan Davis (12:10): Not to us. Yeah.   Bill Fairman (12:12): And here's another thing that's been kind of an issue. We have the lowest employment participation rate since the oh eight crash.   Jonathan Davis (12:22): Yeah.   Bill Fairman (12:23): And that's also causing inflation, but it's, it's more of a employment inflation because you're, you have a shortage of of workers. Yep. And so you have to pay more to get 'em there. And then a lot of them are, you know, playing that off and just going from one place to another.   Jonathan Davis (12:41): mm-hmm.   Bill Fairman (12:42): .   Jonathan Davis (12:42): And, you know, you, you know, record energy prices you brought up. And it's not just here, it's in Europe and everywhere abroad. But I thought it was notable. I remember mentioning this way back after, you know, right after the pandemic. Do you, do you all remember what the first business or first thing that Warren Buffet bought coming outta the pandemic?   Bill Fairman (13:07): Oh,   Jonathan Davis (13:08): An energy company. Oh, no. Smart guy.   Bill Fairman (13:11): Yeah. That's why he was the, what do they call him? The something of Omaha, the,   Jonathan Davis (13:18): Oh, I don't know.   Bill Fairman (13:19): No. Anyway, something important of Omaha. The Oracle. Jonathan Davis (13:25): The   Bill Fairman (13:26): Oracle. The Oracle of   Jonathan Davis (13:27): Omaha. I had no sir Dam in my head. I couldn't, couldn't get   Bill Fairman (13:30): It out. Yeah. No, he, he's a smart guy. , let's go to how things have changed. So 2020 OB or 2021, we obviously had inventory issues with single family housing. Yeah. So in, in order to keep up with that change a lot of investors started moving into smaller and multifamily and self storage. Yep. Those are two property types that are still recession resistant. Sure. the multifamily, you still have to have a place to live mm-hmm. . And while the, you know, the zero, there's a few more zeros on 'em, there's still great investment opportunities. Yeah. so what do you think about that? From an investor's perspective? People get a little concerned about the extra zeros that makes them a little afraid. It makes, it's easier to do the single family homes because it makes you feel better. You can get rid of one. If you run into trouble, if you have an apartment complex or a self storage facility you're dealing in a lot higher dollar amounts and people get a little nervous about that.   Jonathan Davis (14:43): Oh, that's true. You know, there's a whole lot of different ways to look at it. So we, we know that in like sales and cap rates, multifamily was the big winner in 2021. Mm-Hmm. . And it looked like in 2022 for the first half of the year, they were going to be as well. And then, you know, then the interest rates and inflation and everything happened. But with single family, you are tied solely to the conditions of the market to that ebb and flow, to demand supply interest rates. You are tied solely to those things. And there's not much you can do to increase your value beyond market. You know, unless there's just, you know, no supply. And, and then we've seen that what's, you know, 20% appreciation in multifamily. While there are more zeros, you have more control. And you can, you know, with the rising or rising rents, you know, rents are, are, are rising.   (15:48): So you can increase your net operating income. And that is based off of the capitalization rate of whatever the market is in that area. We know how much demand is. But you know, you're kind of stuck with that. And so now what do you do? Well, you can create a shared laundry room where you create additional, you know, income or you can create other avenues of income for this property or, or take away expenses from the property and you can, and you can inflate or deflate that price or that value accordingly. So it just gives you a little more control. So we're still seeing multi-family selling. Not like it was, you know, six months ago and definitely not like it was a year ago. You know, October, November and December of last year. I mean, we saw record sales and multi-family. The interest rates are, you know, are hurting a bit of that cuz you know, you have to buy in at a much lower operating capitalization rate, which just means how much you're gonna make off of it.   (16:55):  So that's really compressing the market for a lot of people. Those additional zeros. Most people kind of get around that additional risk factor by bringing other people in, whether it's equity investors or partners in the llc, what have you to kind of share that risk across the board. Which you don't really, you see it in single family, but the, the, you know, to buy a hundred thousand dollars house or a million dollar multi-family, I mean, you know, you can, you can make the risk more palatable on a hundred thousand. You can a million for one person. Yeah.   Bill Fairman (17:30): There. And there's differences in commercial financing. It finances differently in a lot of cases. You can't get 30 year fixed rate. You have to go to more of a a on multifamily 20. I mean there are some available, it's not,   Jonathan Davis (17:47): We do 30 year fixed on multifamily.   Bill Fairman (17:50): The way to value of property is based on the income that it receives. Mm-Hmm. , you can add value to the property, raise rents and then, or lower expenses or a combination of the two. Mm-Hmm. and you will add value to the property, which is not gonna happen on a single family home. No. It's just gonna go based on what home down the street sold for.   Jonathan Davis (18:15): Exactly. Exactly.   Bill Fairman (18:16): So there's a lot more you can do with those that you can with a single family home. That said, if you need to move it quick, single family homes are the most liquid   Jonathan Davis (18:27): . That's true. There are more buyers in that. And it's, it's a faster move. It's a, yeah.   Bill Fairman (18:32): It's   Jonathan Davis (18:32): Easier financing, lower due diligence period. You know, all those things. Yeah. Wendell asked, will appreciation go below inflation? Well, I like that you didn't put a time period on that, so I'm gonna say yes.   Bill Fairman (18:46): Well, the numbers for appreciation will go be below the current inflation rate, but I don't know if they go below the inflation rate at the time they, they drop down to the lower single digits.   Jonathan Davis (19:04): Say that again to me. I'm not sure. I   Bill Fairman (19:06): Don't know that we'll have high, that high of inflation when I'm expecting appreciation at some point to be in the five to six range. Yeah. We may not have inflation at five or 6% when that occurs. Well, we could, but that's okay. It, it's   Jonathan Davis (19:24): Are you saying it be above or   Bill Fairman (19:26): Below? But what I'm saying is inflation may be in the fours when we have appreciation in the sixes, but it could be that it goes into the threes and we still have inflation in the sixes.   Jonathan Davis (19:38): Mm-Hmm. ,   Bill Fairman (19:39): It's not gonna stay that way for long.   Jonathan Davis (19:41): Yeah.   Bill Fairman (19:42): It will eventually bottom out. And again, if, if the homes appreciation rate, if you're buying single family homes for rental, it doesn't matter because it's about the cash   Jonathan Davis (19:54): Flow. It's about the cash flow and what you bought in at.   Bill Fairman (19:56): Yeah. And you know, and Wendell, you already know this, the house does not care what it's worth. Mm-Hmm. , it depends on the income that's coming in. It's all about the money coming   Jonathan Davis (20:05): In. But yeah, I mean, in short, yes. Appreciation will go below inflation. I mean, you know, they ebb and flow as Wendell knows. That was a great question.   Bill Fairman (20:15): Yeah, that was awesome   Jonathan Davis (20:16): Question. But, you know, win win is always, it's, it's not, you know, it's not really if it's, you know, it's win and no one really knows that.   Bill Fairman (20:24): I'm also seeing, and this is just from me noticing this is not scientific data , I've noticed a few self storage facilities, the a class property types, I'm noticing a lot more available tags on the doors versus locks.   Jonathan Davis (20:44): Mm. Okay.   Bill Fairman (20:45): So vacancy rates are getting a little, little bit higher.   Jonathan Davis (20:48): I always wondered where you win in the afternoons. I guess you're just, you know,   Bill Fairman (20:51): I'm just perusing self storage facilities. I'm gaping through the fence.   Jonathan Davis (20:56): Ooh. Available .   Bill Fairman (20:58): But I am seeing occupancy rates starting to drop a little bit in the cell storage. But that's,   Jonathan Davis (21:07): And that's, and that's okay because they've been, you know, if doing, they're, they're class A and if they're doing what they're supposed to do, they're, they've been pushing those rents Yeah. Month after month pushing them up and now they have to bring 'em back down a little   Bill Fairman (21:19): Bit. Right? Yeah. People will not change facilities if you move it up 10 or 20 bucks a year. Mm-Hmm. . But when you move it up 10 or 20 bucks every quarter   Jonathan Davis (21:32): Or every month, some of them have gone, I've seen some dollar, like five, $10 a   Bill Fairman (21:35): Month. Yeah. They'll, people say my $500 worth of stuff needs to go somewhere else. Mm-Hmm.   Jonathan Davis (21:41): . Yep. Absolutely.   Bill Fairman (21:43): But those are great markets to be in. I am, well we are going, it's all about me. We are we're gonna discuss Carolina Capital now for the end of the year.   Jonathan Davis (21:57): Everything that happened to Carolina Capital was all because of Bill   Bill Fairman (22:01): . Yeah. we had record dollars funded for the years since we've been in business thanks to this man.   Jonathan Davis (22:09): Right. All it was a team effort, but all of us, yeah. So we, you know, as we set right now we're at 71 and a half million dollars out the door this year, year to date. So   Bill Fairman (22:22): What was our, what was our biggest year?   Jonathan Davis (22:24): The biggest year before that Yeah. Was like 36 million. Yeah.   Bill Fairman (22:29): Yeah. So that was a big jump in a year. Yeah. So 2022 was really good to us. We also had the highest fund returns since 2017. And, and Ysa since 2017. Or why is it different? Why the returns higher? Well, in 2017 we were charging a lot more for loans.   Jonathan Davis (22:51): , you were charging a lot more and you had less assets under management. That's true. So the, the fewer assets you have under management, the easier it is to organically produce higher returns. Right. The more money and more assets you have under management, the more difficult it becomes to produce those higher returns.   Bill Fairman (23:14): And and back then we didn't have a lot of competition. And during the end of 17 and the 18 and the 19 you had a lot more Wall Street firms coming into the hard money space. Yeah. And, you know, we obviously had to get competitive cuz they were charging a lot lower rates because money cost them nothing.   Jonathan Davis (23:34): I remember seeing someone advertising hard money at five and a half or 5.75. It's like, wow,   Bill Fairman (23:42): That right there is not very good management of your client's money.   Jonathan Davis (23:48): Well, and the thing is,   Bill Fairman (23:49): The risk, the risk is so much higher than a 5%   Jonathan Davis (23:53): Interest. Well, and, and here's the thing. They were probably returning through investors a high single low double digit return, but they had that money levered four or five times. So when things, you know, when things change, like we just saw change their investors are last in line to get their money and all the creditors that they levered their money with are first. So   Bill Fairman (24:14): Now that said, with the proper leverage, you can have, and I'll give you a quick example. You have a fund that is loaning money on an apartment complex, right? Mm-Hmm. . And they can be giving the apartment complex market rates and still return their investors well above   Jonathan Davis (24:34): Market. And if you wanna find out about that, schedule a call with Bill. Cause this is the year in review.   Bill Fairman (24:39): That's right. I won't get into it. . All right. And then we lastly we have the highest amount of money under management now that we've had since we've been in business,   Jonathan Davis (24:49): Correct?   Bill Fairman (24:50): Yes. And this is not a sales pitch, but we could always use more.   Jonathan Davis (24:54): Yeah. Always more So, you know, give the disclaimer real quick before I start throwing out some numbers.   Bill Fairman (25:01): Yes. your mileage may vary. This is consult your attorney, read the PPM before you invest and invest wisely.   Jonathan Davis (25:10): Invest wisely. Yes. so last year our fund averaged 10 and a half percent return to the investors. This year through three quarters. It's done the same and it's done the same with more money under management or more assets under management. So we have as a team been able to absorb that money, additional capital, place it, and manage it, and still meet or exceed the returns we were doing with less money. And, you know, if you know anything about managing a fund, that is, that, that's the difficult part. That is the very hard part of this. And you know, Wendy, you, me and then our team here, like everyone has done such a great job helping us, you know, manage and place money. It's it's,   Bill Fairman (26:04): And, and we and we do it without leverage.   Jonathan Davis (26:08): Correct. So we do not lever our fund at all. If something happens and investors in our fund need their money, they are the first in line to get it. There's no one in front of them. Right.   Bill Fairman (26:20): And that, that's key. There's two reasons you don't wanna lever your money. And one is that, that your investors are in second position essentially. Yeah. And number two, if you're investing with an ira, the IRS doesn't like your IRA being levered and they could charge you a EBIT tax on that as well.   Jonathan Davis (26:42): But if you're making high enough returns, you don't really care. It's just the filing that really gets you Yeah. It's a pain. It's a pain, you know.   Bill Fairman (26:48): Well,   Jonathan Davis (26:49): But, but no, it's, it's been a great year. Yeah. We started out, like I said at the very beginning of this, you know, we could do loans at 4.1% on a 30 year fixed. And now, you know, we're, we're looking at, you know, mid to high eights. There's some people even doing nines and tens on, on investor loans bridge loans and, and like fix and flip and new construction, you're still seeing, there's a few guys out there doing it. Probably, what, eight to 10%? Probably not many. Most people are going to be in that 10 to 14% range right now. Just, just because, you know, like we have cost of funds and then every, every risk profile above zero gets assigned an interest rate above that. And, you know Sure. So as you move down the line, you know, you, you, you know, you get new construction right now, new construction is, you know, unpredictable at best, , and definitely especially on the timeframe.   Bill Fairman (27:47): All right. So as an investor, I'm not worried at all in this market. We needed things to slow down because they were unsustainable. Mm-Hmm. . There's still plenty of opportunities out there. And another thing this type of market does is it shakes out the trees. It takes the people that were doing it part-time, the folks that were just looking at hgtv. Yeah. it takes the real estate agents and brokers that were essentially part-time and it allows the real professionals to handle the customers because   Jonathan Davis (28:19): Like Don Harris. Yeah.   Bill Fairman (28:22): It, it's a shame that the people that are just doing it part-time, a lot of times they don't, they don't have the number of transactions that they have gone through to get the experience, not to make mistakes. Mm-Hmm. and what it does, it reflects badly on the industry. Same thing would happen to, you know, a new fix and flip person who gets into the industry and hasn't had the bumps and bruises, or worked with a mentor to understand some of the mistakes that can happen. Mm-Hmm. . And it can give that industry, you know, a bad name as well. Yeah, very true. So what's gonna happen now, because things are a little bit tighter, it's the professionals that are gonna be maintaining and they're still, like I said, there's always gonna be deals in any market. Mm-Hmm.   Jonathan Davis (29:07): And the professionals know that whether the interest rate is 8% or 15%, it doesn't matter. It's how much, you know, how much risk can I tolerate and how much money will I make? And that's all that matters.   Bill Fairman (29:19): And you make your money on the buy.   Jonathan Davis (29:21): Yep. Absolutely   Bill Fairman (29:22): Not the   Jonathan Davis (29:23): Sale. And if you can't make it on the buy, well, you try to make up for it on the rehab and then that doesn't really work. And   Bill Fairman (29:29): . All right. So before we go Wendy is gonna be speaking at a few places. I don't wanna run through that real quick. And the first one is Quest Expo.   (29:44): Oh, I'm sorry. Quest Con . It is online version, and it starts on December 9th. There is a discount code. Carolina 15 gets you $15 off, unlike the Fairman 30 that got you. $30 off, but it's not as expensive. So take the break. What else we got coming up for Wendy. Okay. Invest her. Wendy is actually doing a, she's hosting a, a webinar on December 14th. We don't have a link for that yet, but we'll make sure we get it in the notes. Yeah. What else we have? Oh, and then the Raleigh tria, that's the greater triangle area of High Point. Winston-Salem, Greensboro Raleigh, or no, maybe that's Carrie Durham, chapel Hill, I don't know, but she'll be speaking at   Jonathan Davis (30:42): Somewhere in North Carolina,   Bill Fairman (30:44): January the 12th. We'll get you some information on that too. They have a great R group up there. They really do. Mm-Hmm. . Anything else inside cell storage? Wendy is actually, yeah. Gonna be a featured speaker in Las Vegas. Do you see how she elbows her way into speaking positions? We've owned a self storage facility for like six months and she's already a featured speaker at Self Storage do it nationally. So we'll make sure that if you can't attend, we'll do our best to get some video of it. Yeah. All right. Are we good? All right. Excellent. Folks, thank you so much for joining us. I hope your year was as good as ours and as blessed as ours has been,   Jonathan Davis (31:41): Those are my favorite moments.   Bill Fairman (31:42): He, he has got to get that thing   Jonathan Davis (31:44): In there, didn't he? I think he's just messing with you right now. .   Bill Fairman (31:48): So, thank you so much for joining us on The Real Estate Investor, show Hard Money for Real Estate and Investors. We are Carolina Capital Management. We are private lenders for real estate professionals. If you'd like us to take a look at one of your projects, go to carolina hard money.com and click on the Apply Now tab. If you are a passive investor looking for passive returns   Jonathan Davis (32:07): And, and you wanna, you know, join the other investors that we have, that outpaced inflation.   Bill Fairman (32:12): Yep. Go to the accredited investor tab. Don't forget the like, share, subscribe, hit the bell, all that good stuff. Next week.

From a hotel room in upstate NY, first we get Jeremy's thoughts on how our first week of Holiday Shows is going...he's our toughest critic:) Then Michael Fairman helps us make sense of what's happening and will happen on DAYS…also who's the hook, and will Maxie and Spinelli get back together on GH! We have the conversations that everyone who watches is having!! This Episode Of That's Awesome Is Brought To You By: HEAT HOLDERS!! THE WARMEST THERMAL SOCK!!! Go to HEATHOLDERS.COM, and enter the code, “AWESOME”, and save 15% OFF your order! Receive FREE SHIPPING on any purchase of 25$ or more! SHOPIFY Grow your business with Shopify today - go to SHOPIFY.com/thatsawesome right now for a FREE TRIAL! SHOPIFY.com/thatsawesome and PLUTO TV! Watch movies and tv for free! Free of passwords...free of payments...FREE! So just lean back. Drop in and enjoy the show. It's free. PLUTO.TV For Everything Steve and Bradford including tickets to LIVE HOLIDAY SHOWS visit us at StoneColdandtheJackal.com

53 year old Suzanne Fairman was found murdered in her home on May 9th, 2019. No one in her life appeared to be a suspect. Who could have murdered this well loved college administrator and grandmother? Make sure to subscribe, like, and leave a review. We can be found on:Instagram at  https://www.instagram.com/married2murderpodcastTwitter at  https://twitter.com/Married2_Murder  Facebook at  https://www.facebook.com/Married-2-Murder-Podcast-107933798398670 Email any case suggestions our comments to Married2murderpodcast@gmail.com. Discord group https://discord.gg/XbsvJmYZmKCheck out our website at https://married2murderpodcast.buzzsprout.comDisclaimer: Any verbal opinion by the hosts of any person's involvement with a crime who has not been found guilty by a jury of their peers is pure speculation and should not be considered as fact. #married2murderpodcast #truecrime #truecrimepodcast #podcast #truecrimecommunity #murder #married2murderSources:RichmondTimes-Dispatch.comnbc12.comwtvr.comvcu.edulaw&crime.comhttps://www.wric.com/news/local-news/richmond/trial-for-man-accused-in-rape-murder-of-vcu-administrator-begins/https://www.wric.com/news/crime/employer-of-contractor-accused-of-raping-murdering-vcu-administrator-knew-of-past-rape-conviction/https://www.wric.com/news/crime/ankle-monitor-removed-from-alleged-killers-leg-just-days-before-the-crime/

On the 79th episode of The Richard Robbins Show, I sit down with an agent who, at the age of 23, started her real estate journey. Just 13 years later, she is a Certified Luxury Home Marketing Specialist enlisted in RE/MAX's Top 100 in Canada, a Million Dollar Guide Award holder, Diamond Award holder, and inducted into the RE/MAX Hall of Fame & Lifetime Achievement circle.  Sydney Fairman, an RRI Coaching Member working out of the Northumberland County area, is a high-spirited, honest and clever real estate professional. Despite all of her career success, she would tell you that her biggest accomplishment has been running her business while also being a full-time mother. “I worked my business around breastfeeding, around nap time, it's a real thing for a woman. I booked my appointments around my schedule.” You can find show notes and more information by clicking here:

In this episode of the podcast, I sit down with Ciaran Fairman to discuss his work on the use of autoregulation in exercise oncology. Ciaran is an Assistant Professor at the University of South Carolina where he studies the use of exercise, nutritional and psychosocial interventions for individuals with cancer during and after their cancer treatments.Onyx:https://www.onyxstraps.com/ with code PHILWL for 10% offhttps://www.instagram.com/onyx_straps/Weightlifting House:https://www.weightliftinghouse.com/ with code PHILWL for 10% offCheck out the AI:https://weightlifting.ai/Follow Ciaran:https://www.researchgate.net/profile/Ciaran-Fairman-2https://podcasts.apple.com/us/podcast/reach-research-in-exercise-and-cancer-health/id1223832935Follow me:https://www.instagram.com/josh_philwl/

Bill Fairman 00:00:00 I don't even see it up there. Oh, hi folks, bill Fairman here. We are going to talk about what freedom financial freedom actually means to you right after this greetings from the grand downtown rock hill, South Carolina. Woohoo. We are Carolina capital management. Thank you so much for joining us on the real estate investor show hard money for real estate investors. Wendy reminds me. I have to smile.   Wendy Sweet 00:00:57 You can do it. You can talk. At the same time.   Bill Fairman 00:01:00 We are Carolina capital management. We are private lenders in the Southeast for real estate professionals. And if you have a project that you would like us to take a look at good Carolina, hard money.com, click on the apply. Now tab. If you are a passive investor looking for passive returns, then click on the accredited investor tab. Don't forget to like share subscribe, hit the bell. And don't forget about Wednesdays with Wendy. Wow. That   Wendy Sweet 00:01:35 Was cool. And short and sweet. And it matched my junior high school school colors. That's   Bill Fairman 00:01:40 Right. Very nice. So Wendy donates 30 minutes of her day per person on Wednesdays to talking about real estate. She's usually booked up a couple of months in advance. So there's the link. It will be over in the comments and questions side, which is either gonna be on the right hand side of your screen or underneath, depending on the platform that you are viewing us from. Well, since we teased it last week, this show is recorded.   Wendy Sweet 00:02:08 That's   Bill Fairman 00:02:08 Right. So we don't have any breaking news because that would've been last week's news.   Wendy Sweet 00:02:12 That's right. We don't know. We can't see into the future. Although sometimes we claim that we do, but we really can't.   Jonathan Davis 00:02:18 I mean, when it works out, you have any   Bill Fairman 00:02:19 Additional commentary you'd like to add for the fake breaking news for   Jonathan Davis 00:02:23 The fake breaking news.   Wendy Sweet 00:02:24 Yeah.   Jonathan Davis 00:02:26 No, but no breaking news, but you know, we are, we, we would where we're at, like the first month in 17 months where homes are selling under asking price. Oh   Bill Fairman 00:02:38 Nice.   Wendy Sweet 00:02:38 Yeah. Yeah. That's so amazing.   Jonathan Davis 00:02:39 The first time is 17 months homes are now selling under asking price.   Bill Fairman 00:02:43 It must be a crash.   Jonathan Davis 00:02:45 That's what they would have you believe. Yeah.   Bill Fairman 00:02:47 Do you remember back in the day when people actually negotiated price?   Jonathan Davis 00:02:52 No one knows what negotiation means anymore.   Wendy Sweet 00:02:54 Well, we do now and that's, you know, that's something that investors really need to, especially wholesalers. And rehabers really need to understand that because if you're using cops from six months ago, they're not real, are they? They're real. They're just not relevant. Yeah, that's right. You need to use the ones from, from very, very, you know, past 30 days or less, or from the future, you know,   Jonathan Davis 00:03:15 You can do that,   Wendy Sweet 00:03:17 Which is what we do   Bill Fairman 00:03:19 Kind of our point here is that you don't wanna hear, you don't wanna listen to the noise. The noise is just that it's noise. We were not in a normal market. We haven't been in a normal market and several years. Yeah. It has been crazy out there. And all we're doing is we're coming back   Wendy Sweet 00:03:34 To reality,   Bill Fairman 00:03:35 To a normal market. And we're still above the, the normal market. Yeah. Yes. I mean, we really need 60 to 90 days on market for homes and we still don't have that yet.   Jonathan Davis 00:03:46 I mean, the, the average home value, I think is like 3 75 now, which is way more than it was two years ago. Yeah.   Bill Fairman 00:03:52 And listen, I don't see the days on market slowing down an awful lot. I mean, it's gonna come down. I get it. But we, we still, yeah, but   Wendy Sweet 00:04:02 We change, sorry. We had this   Jonathan Davis 00:04:04 Conversation the other day and it really got me   Wendy Sweet 00:04:06 Stop limit me around.   Bill Fairman 00:04:08 We still have a housing shortage out there. We're about 5 million behind on new homes. Yeah. And we still create households. People still need a place to live.   Wendy Sweet 00:04:16 Rents are going up.   Bill Fairman 00:04:17 All right. So I'm going to pause right now for another fancy David Phelps moment.   Jonathan Davis 00:04:32 I just took a deep breath, man. That's how I feel when I'm around David. So yeah, that's really, really relevant.   Bill Fairman 00:04:38 David has been gracious enough to give us two shows. He's an awesome guy, great friend of ours. Let's bring him on. Thank you so much for joining us. David   David Phelps 00:04:49 Brush off the beach. I'm here.   Wendy Sweet 00:04:51 You get a sunburn from that.   Bill Fairman 00:04:56 So one of the great things that you do is you teach people, mainly private professionals,   Wendy Sweet 00:05:05 Doctors, dentists, but,   Bill Fairman 00:05:06 But anybody that wants to learn, cuz you have a lot of books out there about this too, is about being financially independent and, and free. So what does it mean to be financially free?   David Phelps 00:05:20 It's to have enough income, enough cash flow that's produced by investments. I like, I like asset based investments. So asset based income that will produce the cash flow that you need for your essential lifestyle, whatever that lifestyle is to me, that's financial freedom. And we'll go into more depth on what that, what that allows people to have, why I think it's important, but essentially financial freedom gives you choices and options. If you don't have to go to work or keep the business running or operating the way you've been doing it or putting up with certain people or clients or whatever it is you think you have to do when you have, when you're financially free, you can change the model. You can try things, you can test things, you can take new ideas on it. And that's that's I think the, the real goal in being financially free, it's not to do nothing.   David Phelps 00:06:11 It's not to be on that beach that you guys stuck me on for the last week. That was great. I don't, I don't, no, I can't live there forever, which is nice. I, I, I need to be doing something, but I wanna do it the way I wanna do it. I wanna work with people that I choose to work with that. I think we have some, some values in, in, in common that I can actually provide a service or a product that, that they actually appreciate. And there's an exchange for services. It's about the money, but it's at that point, not all about the money and that's what changes your whole mindset about always trying to, you know, eat out enough money to pay the bills and have a nice vacation. And maybe you get a better car. That's just the, the common we call the treadmill last week or the hamster wheel. Jonathan said that too many people are on. And it's just, it's just changing the mindset about how money works that can really change the lives of, of people at any, any dimension in their, their life, whether they're modest income earn, moving their way up or middle income or, or even higher income, which typically they have the hardest problem. High income actually have the harder problem with this than people that are a little bit lower on the scale.   Bill Fairman 00:07:20 Hmm. Interesting. Is, is that, do you think that's because they had that mindset of, they don't know what enough is yet.   David Phelps 00:07:28 Yeah, I think, I think, I think not knowing how much is enough. And then I think also there's that tendency to elevate one's lifestyle because as you earn more money, because you're more proficient efficient, better at what you do, better products or services. That's, that's great. We should all aspire to do that. As the income goes up, then typically it's like, well I need nicer things and there's nothing wrong with that. It's just, don't let that get out of hand. I, I, I'd rather see people make investments that can then provide for the nicer things that they choose to have.   Wendy Sweet 00:07:59 Well, one of the things that, that I think is so important that you teach through freedom founders is you, you allow people to have the fear removed what's gonna happen. If I stop, if you know, highly paid professional is, you know, their business is running great, as long as they're there, but when you're no longer there what's gonna happen. If I stop, how can I stop? I have this great fear of doing that. And you have just done an incredible job of teaching people that they can throw that fear out the window because alternatives, right?   David Phelps 00:08:41 Yeah. And it's, it's not even just to stop Wendy it's, it's just even to, to cut back a little bit or let's just be very pragmatic. It's getting home in time to actually have dinner and maybe go to your kids' soccer games. I hardworking people who just feel like they have to grind to your point. Don't know how much is enough. Feel like that they'll miss the opportunity. If they don't get all they can while they're young and energetic, but they miss out on the very thing that they can regret later in life. When they get to a point of quote retirement, don't like the word, but you know, retirement, but then where are the kids? Kids are gone. It's like, oh, but now I have the time I have some discretionary money. I could actually live my life that you missed out. And so giving permission back, removing the fear that people have by not having to grind and actually take some extra time off.   David Phelps 00:09:32 That's the biggest thing that, that showing people, how investments in alternatives, particularly real estate provides that sustainable passive income that can start to replace the need for the person, the hard worker to have to grind as hard as they grind. So you can start to taper it back. I've got docs that are, you know, in their thirties and forties, you've met many of them. They don't have any, any idea of, of giving up, you know, what they do anytime soon. But they just like the fact that they can actually take, you know, a full day off during the week or maybe a day and a half, or, you know, get it down to three days a week and not feel compelled to have to keep at that grind because everybody else is. And that's like Harrison factor that doesn't serve. Absolutely. That's pretty well at all.   Jonathan Davis 01:10:15 Yeah, no, you know, touch on, on financial freedom. It reminds me of a few episodes back. We had Chris miles on here and Dr. Phelps, I know you watched it, so I'm not gonna tell anything you don't know, but you know, he was on there. He's telling about, you know, the financial freedom model that everyone is prescribed in America. And the world abroad is invest, you know, put money into your 401k, you know, put money in savings. And he gave this, you know, description of his father retired and you know, was gonna draw on his 401k. And he wanted Chris to look at it. And Chris did and said, well, you're gonna have to die in about five years because that's all this is gonna last you. And like, and that was like the wake up point for him and, and his dad apparently too, but like that's not financially free. So, you know, that model of what we're prescribed, doesn't seem to work your model. David, can you kind of, I know you've kind of tiptoed around him, but can you kind of give us a little more of the nuts and bolts and the nuances of what you are telling your people, how to build this financial freedom and that, that maybe isn't 401k.   David Phelps 01:11:27 Yeah. The 401k, the traditional financial retirement model, as you describe it, Jonathan is an accumulation model. It, it is about discipline and discipline's important. That's taking money and, and putting it in a vehicle, this, this case, an IRA or a 401k, that's basically invested by somebody else. Who's gonna choose stocks, mutual funds, bonds, whatever. It might be kind a mixed financial portfolio. And, and that's supposed to just, just, you know, sit in those accounts and, and grow over over the years. Well, they grow. And then of course, then we have a market downturn and, and it, and it drops back down and, and back to contribution level this up and down what retirement requires, or let's just say removing yourself from active income, what it requires is cash flow, not at accumulation. It requires cash flow. The traditional model that we're talking about, the 401k does not provide for cash flow.   David Phelps 01:12:19 The, the whole game there is well build up as much as you can. And then you ask a financial advisor today. Well, how much should that be for, you know, any one person just, they can't give a really clear answer? Well, of course not because the, the, the variability in the economics today with inflation factors and, and all the volatility, they can't really. So what they tell people is just, well, as long as you can keep working, keep working, you know, well that's cause they wanna manage more, more the capital. There's a little bit of a incentive in there for, to keep, you know, keep managing their money. But the problem is they accumulation models based on you have so much. And they try to run these algorithms with this fancy software to say, okay, well, based on how much you've got here, we're trying to forecast, you know, another 25, 30 years down the road, how can they forecast the economic models?   David Phelps 01:13:03 Could they, could they forecast COVID could they forecast all the helicopter money we've had? Can they forecast? No, they can't forecast any of that. How do we do it with cash flow? Well, it's the fundamentals of real estate. As we know them very well is in as real estate keeps pace with inflation. So I don't think it's very healthy for our economy to be running it eight and a half or 9% inflation. The CPA CBI rate that we have now, that's not healthy, but you know what our assets, and you've already talked about it earlier, reds, go up the values, go up. So at least we can keep pace financial model, not, not the case. You start having to deplete that financial model, that accumulation model depleted over time and try not to run out of money. Chris miles talking about his father was looking at that saying, yeah, dad, you, you need to take out this much every year or two pay for your burn rate because there's no cash flow in this model.   David Phelps 01:13:50 It's just, you just stacked it up as high as you could get, but you only stacked up enough to last you five more years. You look at inflation rate today and let's just say, let's just, let's just P it at eight point half percent or even 8% to I do the math in my head, use the rule of cutting two every nine years with an 8% inflation rate, the purchasing power of your dollar or your a hundred thousand dollars or your million dollars, whatever you have is cut in half, cut in half. So you thought you had a million dollars. It was me. That's gonna work really well for me for the next next number of years. Oh, but gee, in nine years it's only gonna be worth half a million dollars. And then in another nine years, it's worth a quarter of a million dollars. How's that gonna work out when you've not attached your, your plan to a vehicle that actually keeps pace with inflation?   Bill Fairman 01:14:35 Very well said very well said. Yeah. And when, when you, when you look at that model as well, it has a lot to do with timing. I, I know our mutual friend, Ryan Parsons and Chris miles. I, I had discussions about this when you use that accumulation model, when you're using the 401k, putting money in the stock market, especially with the 401k we have. And then this is anecdotally, I don't have actual statistics on this, but everyone that I've known that   David Phelps 01:15:05 I'm surprised you don't,   Bill Fairman 01:15:08 That I know that has had a 401k over a period of 20 years, they end up with about the same amount of money yeah. That they had for their contribution and their employer's contribution. They made no more or no less, pretty much in that same ballpark. So having it in the stock market, really, for the most part over that long period of time, all it did was hold it in place.   David Phelps 01:15:32 Well, it's, it's, you know, it's it's wall street, wall street is a, you know, billions and billions of dollars, trillions of dollars platform, major marketing marketing platform, and essentially wall street indoctrinates the majority into thinking that's the plan. And so it's, it's just trying to change people's mindset to say, there is another way to do it, right? It's not as easy as cooking a mouse. It's not as easy as just, you know, having money pumped into your 401k. But if that plan's not gonna work, then I tell people, shouldn't you be considering something different, even if it means you have to do a little work and do get a little education to figure out how this is gonna happen. Doesn't that make sense for you? Otherwise, you're gonna be in a very nebulous place when you want to actually take your foot off the pedal of that active income and actually go into some transition to maybe some kind of retirement model. Whenever that might be, you can't do that with the accumulation model. It's just, it's not, not, it's not there.   Wendy Sweet 01:16:28 Yeah. Well, and just as inflation changes, so does your financial number, you know, depending on what age you are and you know, what's happened all around you, you know, how do you keep up with that change in what your number is? How often should people reevaluate where they are and where they're going?   David Phelps 01:16:52 Well, I think relatively often, and, and most people don't, you know, we talk about in businesses and I think you mentioned earlier, you know, Wendy about, about having, you know, a with, with a business, you know, you have a regular monthly, you know, financial meeting and you go through, you know, the expenses and, and the, the revenues and look at profit. And I think you've gotta do that on the personal side too, whether you do that yourself and you're using a QuickBooks, or you have a, you know, have a accountant or somebody can help you. But I think you've gotta look at it on a regular basis because there is creep even without high inflation there's creep. So you add inflation into the normal creep and, and, and things can get out of hand. So you've gotta keep a real eye on what that creep looks like and realize that, that it, it does increase over time, unless you really are judicious about, about removing the things that are no longer need to be part of that burn rate that we talked about   Bill Fairman 01:17:46 Something you okay, you're always taking a breath. I'm not sure. Well, the good, the good news is I'm taking breaths. So I, I know we all preach diversification in our real estate portfolios, and everyone has different goals with their freedoms, freedom. Some of it is traveling a lot. Some of it is, you know, making sure I have a legacy that I can pass on spending time with the grandkids. Yeah. Good causes that you wanna participate in. Do you feel like it's more important to own actual assets or to be a part of more passive invested in investing syndications funds? Yeah. And again, I, I know it probably depends on, on each person and what their goals are, but we'll just talk about you in your opinion, because of your lifestyle, what you wanna do. Are, are you more in the passive stuff or more in the property holdings? It's extravagant lifestyle driving around that 1996 Toyota. Yeah. Right. It's more of a, it's a Honda accord because they are the most   David Phelps 01:19:07 Reward.   Bill Fairman 01:19:07 It's expensive to operate over a period of time.   David Phelps 01:19:12 I, I think your answer is right. It depends. And it, it it's changed in my life. So when I'm younger and I have much more time than I have money or capital to invest, then it makes sense for me to put the time in and, and really own the specific assets. Like that's what I did. I started buying properties, rental properties. I got into understanding the, the note side or the debt side and, and, and financing properties and carrying paper or buying paper. But basically I was, I was involved in the operational aspect of, of locating, acquiring the, managing the, the, these particular assets when I was younger. And that made sense where I'm in my life today. No, I don't want, I don't wanna talk to another tenant. I I'm done. I'm done with that. I'd rather have somebody else managing my assets. And that's what I call, you know, one degree of separation from your money.   David Phelps 02:20:06 Now, if I'm managing my own stuff, then I'm, I'm, I'm fully engaged with that. I get to call the shots. And so that's control and control's good, but then control also requires time. I want more time back in my life. So I can, I, I can be one degree of separated, separated from my money by investing my money in Carolina capital, because I know bill Winnie and Jonathan, I, I, I get to know you, I meet with you. I break bread with you. I'm inside kind of inside like the boardroom of what's going on with how you're managing my money. That's as best I can get without doing it myself on wall street. I could never do that. I maybe I get some financial reports, but I never actually get to talk to the people, the principals who are actually running operations to really know what's going on inside the culture. You're very open and transparent. You, you talk to people all the time. You have Wednesdays with Wendy and you're you do these shows. And I can really get to know you and decide, you know, are these people that I really know, like and trust. And, and I want to be a past investor in this point in my life. So I think it just mattered depends upon where you are in building your, your game plan, your wealth plan as to how active or passive you might want to be.   Wendy Sweet 02:21:14 And it, the networking is so important in, you know, being involved in a community that has the same values and goals. People that are like-minded that networking is so very important. You know, we we'd love everybody in the world to put their money in our fund, but we also have friends that operate funds and syndications, and that we're happy to refer to other people because we know those operators as well. So, you know, you find one good one, you know, ask them, you know, who else would you recommend? Because we all kind of think alike. We, those of us that think alike stick together, and you've done such an incredible job of doing that through freedom founders, the, the, the group of people that you have chosen not only as trusted advisors, but the people that are coming in as members of freedom founders, it's, it's just amazing how you've been able to pull just the right matchup of people.   David Phelps 02:22:25 It, it is important to surround yourself with people that are like mine have similar, similar values and are on a similar path of, you know, again, in this case, you know, creating freedom, different ways to do that different definitions, but with the same mindset of, of, we don't have to follow the herd. You heard mentality the group, think of you do the 401ks. I mean, it's one of the first things that happened when people come, you know, to our group, right? Is, is they typically have, have the 401ks and they've done all that, but they really recognize very quickly that in a place where they are networked and associated with like-minded people that there is a no like, and trust element to it, that they can go off in a different path and be much more successful as their own financial advocates and not just advocating it to, you know, a platform like wall street.   Wendy Sweet 02:23:13 So, David you've, you've said this before, if your, your, your current self was talking to your younger self, what advice would you give yourself in starting off investing your, your 25 years old? What, what advice would you give yourself?   David Phelps 02:23:34 Well, I, I started about then at that age. And so that was a good thing. I got started. Just make a decision get started. So that's number one. What I, what, what I, what I could have done better. And maybe it wasn't my fault, but I, I, I would've found mentors like local mentors more quickly. And, you know, we didn't, this is back in the dinosaurs where we didn't have smart phones. We didn't have internet, we didn't have Facebook, we didn't have up groups. There probably was some kind of real estate group that, but you know, how do you, you know, I didn't know how to find them. I just, you know, just, I didn't know today, it's so easy to get connected. So I'd say, make the decision get started, but surround yourself, find somebody a group, or, you know, a mentor. What I have found is that, you know, I've been a mentor now to mentees in the same regard that I wish I would've had, where I have deployed capital.   David Phelps 02:24:32 And you do the same thing when you deploy capital with somebody who is, you know, boots on the ground investor, rehabbing houses to fix and flip or hold as a portfolio asset. They they'll, they'll ask you for advice. I mean, the smart ones will, the smart ones say, and of course you're not gonna loan money, unless you think the, the, the business plan is, is relevant, but no, you're there not only to deploy capital with them and help them with that aspect. But also you've got all these years of advice. Why not access that while you're building your plan?   Wendy Sweet 02:25:02 Exactly. That's, you know, that's what I try to tell my kids too. I try to remind them, remember, I've got 61 years of experience. So I, through all that stuff that you're, you're trying to avoid,   Bill Fairman 02:25:15 That's what you're thinking. You're just old.   Wendy Sweet 02:25:17 Yeah, that's true. That's   Bill Fairman 02:25:19 True. I don't need to be listening to them.   Wendy Sweet 02:25:21 It's it is tough. I often say I was never as smart as I was when I was 21. That's   David Phelps 02:25:27 All downhill.   Bill Fairman 02:25:28 Well, David, let's talk about your book inflation. I, I want to plug that, but I also, there's another one I wanna plug. As soon as we're done here, we'll have the link to the Amazon in the chat as well. Let, let's talk about your newest book first.   David Phelps 02:25:47 Yeah. The inflation book we published in April this year, I sort of saw the T leaves of what was probably coming. And so we got, got with it and wrote this book to give people a sense of what, what does, what does this mean in a time of inflation, which we haven't seen in 40 years, really, since the seventies in early eighties, did we not have inflation of this level? And what does that mean to the financial markets? What does that mean for people's retirement plans? What does that mean for, you know, all the financial plans that people put in place, there's gotta be some changes there. And so the book creates a lot of the economic backdrops of how, how this came to be, how we got to here. But most importantly, like what do we do going forward as our own financial advocates? So the books there, thanks for putting the link up.   Bill Fairman 02:26:29 Oh, absolutely. The other one, since we're talking about financial freedom, I want to talk about own your freedom. It's another book that is fairly recent. And you want to talk a little bit about that as well?   David Phelps 02:26:42 Yeah. Own your freedom. I co-wrote with one of my mentors, Dan Kennedy, who has, who I've spent a lot of time with. And so we co-wrote the book we had. We, we outlined it. So didn't really be a lot of the fundamentals of how, how money works, the mindset of money. We each wrote separate chapters, but they, they, they, they cross pollinate each other. So you get to hear two different voices, different experiences. I'm very pleased with that book, cuz I think at a, at a very high level, it has something in there for everybody, no matter where you are in your life, what age you are, there's concepts that it's really a book of concepts. I'm not giving specific strategies about how to go out and you know, flip houses or you know how to invest your money per se. But it's a lot of key concepts that I, I wanna make it an evergreen book that would be kind of a, a really a staple in somebody's library if they chose to, to utilize it.   Wendy Sweet 02:27:35 Well. And then your other book too, I have to talk about this. When we talked about the next gen and what you would say to your younger self, what's the book that is good for your teens and young twenties,   Bill Fairman 02:27:49 The apprentice   Wendy Sweet 02:27:50 Model. Yeah. The apprentice model. That one, I, I gave that to both my kids and both my   David Phelps 02:27:57 Sons. Well, yeah, yeah. Oh, thank you. There. I was looking for it. I should be on a shelf here somewhere close by. Shouldn't have funny how that works. The apprentice model. Yeah. That's a book I wrote a few years ago really to, to focus on next gen younger generation. And, and you know, some of the concepts we talked about today about, about, you know, getting started early and realizing there's different pathways to get to freedom. You don't have to get degree after degree after degree in college or graduate school. It's not, it's not a requirement at all. Now. I'm not saying it's not something for some people to do, but I think there's better pass. And the defense model is really based on a mentor, mentee experience, find people in business or investing or real estate that, that are good people that you value who they are as a person and their values and that they also have some business or investing sense. Just go work for them. I don't care what you make. You know, that's not the important part. It's just go work for 'em for six months a year, get the experience. It's the best thing you can do as a young person before you get out and get kind of roped into to a, a career path, you'll have a much bigger exposure to the world and really what's important for you.   Wendy Sweet 02:29:07 Yeah,   Bill Fairman 02:29:08 Well frankly, that's the way the trades all used to work. Yeah.   Wendy Sweet 02:29:12 The   Bill Fairman 02:29:13 That's why we have a shortage. Tradesmen is because you don't have that apprentice model anymore. And the guidance counselors at all, the high schools pushed you into a four year college and it's   Wendy Sweet 02:29:26 Almost like they get a kickback, isn't it?   Bill Fairman 02:29:28 Well, here, here's the thing. If, if you are, if you have any business acumen at all and you follow an apprenticeship model yourself, you can be in business for five years and then open up your own place and make tons of money   Wendy Sweet 02:29:45 Easily and be happy in what you   Bill Fairman 02:29:46 Do. Yes, absolutely.   David Phelps 02:29:48 David. So yeah. There's I was gonna say there's, there's, there's so many skill outside of a technical expertise skillsets that are transferable sales, communication, marketing, just understanding the operations of the business. Anybody can take those degree or no degree and go run with that. And I think those are important skill sets that, that are missing badly today.   Wendy Sweet 03:30:09 Absolutely. Absolutely.   Bill Fairman 03:30:11 Listen, I, I appreciate you being so gracious. Yes. Thank you. Coming on and spending all this extra time with us,   Wendy Sweet 03:30:19 It's been great.   Bill Fairman 03:30:20 It's been an awesome show. I know it's be beneficial to a lot of folks out there and can't wait to see you in October. Yeah. Weeks, but it's a little more in a few weeks, but it's close enough.   David Phelps 03:30:34 Well, I'm back to the green room, the beach and the Mar   Bill Fairman 03:30:40 Food going now.   Wendy Sweet 03:30:42 Are you gonna be at quest? You're gonna be at the quest event.   David Phelps 03:30:44 I'm not gonna be able to make that one. I can't.   Wendy Sweet 03:30:46 Oh, I hate we're gonna miss you there. Yeah,   Bill Fairman 03:30:49 Well it's okay. It's hot and humid.   Wendy Sweet 03:30:50 That's right. Well who lives there?   David Phelps 03:30:53 Not the hotel, the hotel.   Bill Fairman 03:30:59 So anyway, thanks again for joining us. Thank you, Dave folks.   David Phelps 03:31:04 Good. See you.   Wendy Sweet 03:31:11 Yeah.   Bill Fairman 03:31:11 Okay. So I forgot something, which is our question of the week. What is your financial focus? Priorities values is your money management in line with all of that. And you can leave a comment in the comment section and we will get to the answers on the following show. Since we're doing all these in advance, it's hard for me to keep up with them. Anything else we need to put?   Wendy Sweet 03:31:40 Yeah. Just say, bye.   Bill Fairman 03:31:41 Okay, bye. So, oh, we're back. They're gonna mess with me now. Thank you so much for joining us on the real estate investor show hard money for real estate investors. We are Carolina capital management, private lenders in the Southeast for real estate professionals. If you have a project you'd like us to look at, go to Carolina, hard money.com and click on the apply. Now tab, if you are a passive investor looking for passive returns, click on the accredited investor tab. Don't forget the like share subscribe, hit the bell. And don't forget about Wednesdays with Wendy.  

Bill Fairman 00:00:01 Hi folks greetings today. We're gonna talk about your burn rate. What's important about it. Does it change over time? We will get that and more with our special guest, Dr. David Phelps, right after this Wendy's Hasling me because I wasn't smiling enough. So I'm just gonna talk like this, the rest of the way. Greetings. I am bill Fairman Wendy sweet in the middle and Jonathan Davis, over there to the left. We are Carolina capital management. And thank you so much for joining us on the real estate investor show hard money for real estate investors. Like I said, we are Carolina capital management. We are a private lender in the Southeast for real estate professionals.   Wendy Sweet 00:01:04 If you're unprofessional, won't, don't call us.   Bill Fairman 00:01:07 If, if you'd like us to take a look at one of your projects, go to Carolina, hard money.com and click on the apply. Now tab, if you're a passive investor, looking for passive returns, click on the accredited investor tab, don't forget to like share, subscribe and hit the bell. And don't forget about Wednesdays with Wendy, Wendy donates 30 minutes per person on Wednesdays to talk about anything real estate related or faith. If you'd like to discuss faith, she's really good about that. She only makes fun of you sometimes. Just kidding. She's always booked up though. So here's the link to get on her calendar.   Wendy Sweet 00:01:58 Awesome. And what was really cool? The last Wednesday happened to fall on a couple months previous, I had done a special talking event with some of the kids from freedom founders. Oh cool. And I'm saying this cuz of course David is with us today and my calls all last Wednesday was all freedom. Founder, children of freedom, founder people. It was really cool.   Bill Fairman 00:02:24 Nice. Yeah. Well we do have a question and comment section on the right hand side of your screen or the bottom, depending on the platform you're viewing us from, you can also get all the links that we're sharing over there as well. So we have, we don't have any, there's nothing breaking this week, right?   Wendy Sweet 00:02:43 Broken. We had a little   Jonathan Davis 00:02:44 Bit of commentary in before we go into the burner. Yeah.   Bill Fairman 00:02:48 Okay. Well, in that case, I'm gonna surprise SHA cuz I said we had, no,   Wendy Sweet 00:02:53 You should ask your cohos breaking   Bill Fairman 00:02:55 News. So I'm gonna say I'm giving I'm talking over longer so she can have plenty of time to queue up the breaking news. When will it end? I feel like I'm on a mission and possible said anyway that awesome. Thank you SHA for jumping right in there and taking over. So yeah,   Jonathan Davis 00:03:35 Well we're, we're gonna talk about burn Ray, which we're gonna let Dr. David Phillips explain exactly what that is, but kind of to build into that, you know, just last month we received reports that consumer spending and consumer debt rather is a lot higher than it has been in fact way higher in, in 20 years. Yeah. People   Bill Fairman 00:03:56 Living off their credit card.   Jonathan Davis 00:03:57 Yeah. Well that's, that's the thing. It, I think year over year rose a hundred billion dollars in credit card usage. Wow. A hundred billion dollars. So that is more people stacking up consumer debt and we can let Dr. David Phelps tell you how that'll affect your burn rate. Also we're seeing, you know, slowing down in the appreciation of homes, we're continu, I think we're four or six, four to six months of continual slow slowing down in that, which is good. We needed it. It's getting to normal. It's down to 18 now. Yeah. Woo. That's great. Down to 18, you're seeing more, you know, more inventory lingering on the market. Hopefully, you know, people will lower prices and we can start moving things and get a little bit back to normal, whatever that means for the time period that we're in. The only thing that is still rising are rents. Right? They are. Thank you Lord. Going up. Yes. That's great. Which it, it was, the report came out for the highest rent appreciation, I suppose, in the nation and by percentage. Right. Do you know what city that was? Hopefully Charlotte, no, no Lexington, Kentucky where I'm from really. Wow. Interesting is the highest I got, you know,   Bill Fairman 00:05:21 Because it started off so low   Jonathan Davis 00:05:22 It's exactly. Yeah, exactly. Yeah. Lexington, Kentucky is number one, followed up by Corpus Christi in Texas. Now on the list on the top declining markets in rents are Irving, Texas and Plano, Texas, really? And number four and five. Huh? Chicago's number three. Huh? Yeah. But interesting. So, you know, Corpus Christi, Cincinnati and Columbus, Ohio. So basically what you're seeing is affordable places that have been historically affordable yeah. Are rising again because people are seeking out that affordability. Yeah. That makes sense. Yeah. That makes sense. You know what I   Wendy Sweet 00:05:57 Thought thought was really interesting too. You were talking about how, how sharply consumer debt has increased when, you know, two years ago, you know, COVID COVID time, you know, and, and as a, a, a friend of mine, who's speaking on sunrises tomorrow, Jordan Nabb, he's an attorney. He said when the helicopter was flying around dropping money on everybody, the not only was consumer debt really low, but savings was really, really high.   Jonathan Davis 00:06:28 I, I didn't put the chart up and I'll, I'll make it available to everyone. But yeah, you can see in 2020, when you know, extra surplus money was made available to everyone, it was a negative 17% year over year. Wow. Wow. Which means people just crush their debt down just, and then now since then we're up at, oh gosh, where we're at. Nope. 12.6%.   Wendy Sweet 00:06:53 Wow. Year over   Bill Fairman 00:06:54 Years. And it's the fed continues to raise rates. Then those cards are costing you even   Wendy Sweet 00:06:59 More that's right. That that's right. That's right. Exciting news.   Bill Fairman 00:07:03 O okay. So that was some great breaking news.   Jonathan Davis 00:07:05 Hey, you know, builds for Mr. David fell. Our Dr. David helps Rather's   Bill Fairman 00:07:10 For sure. David's gonna get bored sitting over here in the green room. So I'm gonna bring him on in just a second, but we have a special visual treat for him first that that's where we all wanna be right now, David,   Wendy Sweet 00:07:30 That you   Bill Fairman 00:07:32 And   David Phelps 00:07:37 The room looked like God, it was close. It was close. So thank you for that. Thank you for having a nice place for me to rest and relax before I on your,   Bill Fairman 00:07:49 You left some snacks for others later   David Phelps 00:07:52 With a little umbrella. Yeah. It's all there.   Bill Fairman 00:07:56 So, so our, our first burning question for you is what is a burn rate,   David Phelps 00:08:04 Burn rate? Yeah. That's, that's overhead, that's a cost of operations. And that can go for one's personal life, personal overhead, personal burn rate. Certainly if you have a business that you run, you've got an overhead or a burn rate in your business. And you know, within that, there's fixed in variable costs, but we all need to know what our burn rates are, you know, personal line business, because, well, I'm probably leading the witness here, but burn rate burn. Rate's very important. I'll let you get, let you take 'em there. I'm not interviewing you. You're interviewing me. So I'll give it back to   Bill Fairman 00:08:33 You. No, listen, we love that. You can take a question and just go with it. We always love the interviews that we have with folks that will go yes.   Wendy Sweet 00:08:42 That's it.   Bill Fairman 00:08:45 Or no.   Jonathan Davis 00:08:48 So   David Phelps 00:08:49 You're gonna give like essay questions. Is that what you're saying?   Wendy Sweet 00:08:53 Your own words? My   Jonathan Davis 00:08:54 Own words.   Bill Fairman 00:08:56 So what's, what's the importance of getting your burn rate and we'll say under control or at least knowing what it is.   Jonathan Davis 00:09:03 Yeah. What does it even mean? It's just, what does it mean, basil?   David Phelps 00:09:07 So, so, so I'm, I'm gonna focus on the personal side. Remember there's burn rate for personal and business. Both are important. I'm gonna focus on the personal side burn. Rate's important because I talk a lot as we all do, because we love real estate. As a vehicle, as an investment real estate provides, you know, cash flow. So if I want to gain freedom in my life, then I need to somewhere start replacing my burn, my personal burn rate with something else that doesn't require me to go to work now, nothing wrong with going to work. We all start there. We need to work. We get an education. We get training in something, get a career, or be an employee somewhere. We, we earn money to pay for our burn rate. But if our burn rate starts to escalate over time, which often it does, because the idea is is you travel through life, your education you're experience, your skillsets, allow you to earn more money.   David Phelps 00:09:56 That's a good thing. But what happens to too many people is they let the lifestyle burn rate also escalate. Now I'm not saying it's bad to aspire to have a, a nicer home, bigger home, maybe a better car than which you started with when you were just getting outta school, which that's nothing wrong with that. But if we focus on what's my real burn rate and how quickly here's the question, how quickly with a plan in place, could I start to replace the cash flow? The income required to fund my burn rate with asset based income? How quickly could I do that? That's what I call a freedom number. And that's why it's important to understand what's my burn rate. Cause we don't have any goals set on that. It can continue to escalate forever. And that's where people get on that treadmill. The treadmill of I earn more, earn more.   David Phelps 01:10:44 It's all good. It's all good. I'm living out a bigger life, a nice life, great life provide for my family, but I'm on this treadmill and where do I ever get up? Get the treadmill even a little bit, even drop the incline a little bit. Right? I mean, you guys go to the gym, you know what I'm talking about? You know, at some point you just can't keep that incline up here, running it in higher RPMs. You've gotta drop it down. Well, in real life, once you're on that trim, it's, it's hard to turn it back down again.   Jonathan Davis 01:11:09 Yeah, yeah. You know, it's makes me think of hamster on the wheel. I mean, yeah. That will, can only go as long as that hamster's running and once you step off, it's done. So, you know, to kind of illustrate the point, you know, we need something that's moving that wheel even when we're not on it.   Bill Fairman 01:11:27 And I don't wanna lead the question, but I'm going to already know the answer, but I'm gonna, I'm gonna ask it anyway.   Jonathan Davis 01:11:39 You know, I've found that when people say that most often they don't know the answer.   Bill Fairman 01:11:48 Is it easier to lower the burn rate than it is to increase the income?   David Phelps 01:11:54 I think it's easier to increase the income personally. I, now you can do both. You can do both. And I think people should do some of both to look hard at the burn rate and say, where could I potentially cut back? But I would say it's easier or probably most focused should go on increasing the income, the cash flow.   Bill Fairman 01:12:15 And, and, and that's something that, you know, we all want to do is take that active income and turn it into passive income. And we're gonna talk about that on our next week's show is about our freedom number and how to get there and the best way to get there. And the, in my opinion, the, the, the best class of assets to get there with.   Jonathan Davis 01:12:37 Can I jump in real quick? Absolutely. So, you know, when you said increasing the income is the easier path, I would, I would probably assume that most people watching this would've thought decreasing your expenses, cuz it kind of like fits into that. Like, you know, Dave Ramsey mindset, like, like to be wealthier, to be successful, to be free, there has to be suffering involved. Like you have to, you have to take away. And I love that you came in and said, no, like it's easier to add income, right? I mean, when you, well,   David Phelps 01:13:12 We're, we're all about suffering here. Are we not? We're we're suffering each other right now. No, we're not. We're enjoying this, but, but yes, Jonathan look, there's, there's a sacrifice period. Unless you were born with a silver spin in your mouth or a trust fund baby, there is a sacrifice period. We have to go through it. Working hard, being dedicated, persevering at whatever is in front of us, whatever our goals are, task career path business. Yes. We have to sacrifice to an extent. So if you wanna call that suffering, maybe there's a little bit of suffering. I think we all had jobs, you know, as we were growing up that maybe you look back, you know, that was suffering, but it was a good for our character building. All right. So get beyond the suffering though. And let's get to a place where we can be more strategic and leverage our experience, leverage collaboration with other people, which is a lot what we're doing right now today.   David Phelps 01:13:59 What you, you all do so well, there's ways to enhance your income, even if it's it's part of your business plan or also as we'll talk about, I'm sure on the, on the passive side, you can do both more easily than you can on the quote suffering side. So I don't want people to think about suffering, but yes, I think I talked to young people and, and Wendy, you were talking about, I'm so glad you were able to connect with, with our, our, our young next, next gen from freedom founders and sewing to them. You know, if I could go back and, and talk to my younger self or talk to these kids as we do, it's, it's like, don't lift your lifestyle escalate too quickly. You know, stay in that mode where, you know, you, you've had to kind of, you know, eek it out and, and, and don't ramp it up.   David Phelps 01:14:46 I was talking to a, a doctor just this last week, you know, he, he does quite well, but he's, he's kept his burn rate low. And I said, I said, how have you been able to do that? Because most people, as they escalate, their income goes right up. And he said, you know, my wife and I just got used to the fact that when we got outta school, we had student loans to pay off. And that required us to, you know, to live modestly. And he said, even after we got our student loans paid off, we decided to know happiness and joy doesn't come from necessarily elevating our, our lifestyle. So we've kept our burn rate low. Well, that doctor today has, has, has a son and a daughter ages four and eight. So he's, he's under 40 just giving you a little bit of character. He's under 40. And, and he's got a lot of flexibility in his life. A lot of flexibility to, to, to do different things. Even with his technical expertise in dentistry, he does different things. He's not, he's not anchored down to one schedule, one place to go, you know, four or five days a week, like so many are. And so he's built that freedom and by keeping his burn rate modest,   Wendy Sweet 01:15:45 You know, it's funny when you're talking about that, it really reminds me of my two sons. I have a 19 year old son and a 21 year old son. And they are like rich, but dad, poor dad, you know, one is, is, you know, saves his money. He works hard. He, he, he almost bought himself a boat and he asked my opinion, mom, should I do this? When I I'm really interested in buying a house, that's my big goal. And he's 19. And I said, well, how does buying a boat help you get a house? And he said, that's all I needed to hear. And he walked away from that desire. Now had I said that to my, well, my 21 year old wouldn't have even asked me, but you know, had I said that to him, he'd be flying around in a boat. Yeah.   Wendy Sweet 01:16:35 You know, as fast as he could on the lake. So, oh, I was getting ready to say, that's, that's pretty incredible that he could fly on the boat. Yeah. It's an near boat, but it's, it's, you know, I loved when we were at your last freedom founders event and you were talking about burn rate and you, you, with this group, you went through all the things you really need to look at. And question, is this something you really need now? Do you really need the big house? You know, do you really need the fanciest? You went down that list. And if you could talk just a little bit about just really giving people an idea of things they really should be looking at to decrease that burn rate.   David Phelps 01:17:22 Well, house living quarters is certainly one of the big ones, whether you rent or, or own, you know, the larger, the square footage, the more utility cost you have just to heat and cool, right. Property taxes are higher. Insurance is higher, just maintaining a certain square footage, interior and exterior has a cost factor to it. So even if you have a free and clear house, which is a great goal to have, but if it's large, then it's gonna require a certain overhead or a burn rate just to sustain that large capacity house. If you rent, I mean, same thing. You're gonna pay proportionately for the size. So do you need all of that? Right? I think so that that's a big one. I think other aspects would be. And I, I just look at vehicles, I, for me, a vehicle or car is just something that will securely and reliably get me, you know, from here to there where whatever my, my transportation needs are, I'm not judging people who want to have nice cars at all.   David Phelps 01:18:20 I'm just saying, it's just look at, I, I just always buy used cars and I just drive. 'em a lot of miles. That's just that's me. It is. It's like, it's almost like a badge of honor for me. And I think I got that from my dad. My dad was the same way. So like father, like son, you know, I just, I just drive. But you know, I just feel good about that because going back to your point, Wendy, about your two sons, I've always looked at the additional discretionary dollars I have by not having those, you know, inside of my burn rate, having to put fund my lifestyle. If I can cut that back, I've got more dollars I can put into investments. The ones I like that will produce, you know, additional income. So when I do want to enjoy something more, like rather than buy a boat, I would just tell your son rent, go rent the boat.   David Phelps 01:19:03 You can rent a really nice boat for a weekend or a week or whatever you wanna do. And then just give it back. See, I think that's the way to do those nice things. People like to have vacation homes again, not judging, but I think it's better personally to, well, you'll like this Wendy rent, Airbnb, you go where you want to go rent the air and B for in the weekend, the week, whatever you can go to different places and people, oh, well you you're just wasting your money. No, actually I didn't have the extra expenses, the, and, and the hard costs and, and the mortgage and everything else on that. Airbnb. Now, if you run it as a business, different ballgame, but I'm just saying people that like a vacation home, why don't you just get the extra money, invest it in something, an asset they'll produce. And then you can go have, have vacations all over the place when you decide to do it.   Wendy Sweet 01:19:46 That's right. And if you go to sweet spots, stay vacations, you can find any kind shameless blog shameless.   David Phelps 01:19:56 I hear that to you just about right. Was that about the right letter? Yes.   Wendy Sweet 01:19:59 Thank you. The other thing too, I, I think little things make a difference as well. And people don't think about this. How much are you really paying for your cable TV that you really need it? Like, even, even us as a company, every time we have our financial meeting, once a month, we still go through all of our credit card statements. We look at all the auto, automatic payments that are being made here and there, those little things, the first time we ever did it, we saved $16,000.   Jonathan Davis 02:20:28 And that was nothing big. That was all just like little, little things here and there that were just tacked on. I mean, we, you know, all the time it   Bill Fairman 02:20:36 Was outdated. We weren't using it. Like we should have it wasn't efficient,   Jonathan Davis 02:20:40 But I mean, David hit a, a great point and, and I don't want it to be lost on people. It's like, you know, your, your burn rate can increase, but do it in conjunction with your assets producing income increasing. Absolutely because that, that's the, that's the first piece, get the assets producing. Then you can increase over here, cuz these assets are, are supply that which is counter to most Americans who've added a hundred million or a hundred billion in instant gratification. Yeah. In instant debt.   David Phelps 02:21:14 Yeah. To me, to me, to me having asset based income quote, passive income in, in the right investments is, is like the best insurance policy. Sure. When, when I have the benefit and the blessing to, to work with couples and again, these are, you know, educated couples, typically one, one of the others, a professional practice owner, oftentimes not always, but oftentimes the spouse who, who is the spouse, who is the matriarch, the then I call the, typically the nurturer, the protector of the family. And, and they do a great job of that. We have to hand it to the, the moms and our wives who, who, who they function at much higher degree than we do typically in that regard. So they look at everything from the standpoint of, of, you know, investment or expense and most things are in expense to them. Cuz they're trying to again, protect the family, protect the family.   David Phelps 02:22:04 What I realize is, is in talking to a lot of these couples, the high income earner who goes out and you know, works, works outside the home is, is thinking well, you know, sky's the limit, you know, I can, you know, keep earning and keep building and she's thinking security, security, okay. Well guess we have insurance. We have life insurance and disability insurance. And, but that's not enough. I want to know if something happened to his or her income capabilities, what's there besides an insurance policy that would keep some kind of cash flow coming. And what I realized is when I showed them that you don't need to be able to just replace hi his or her income, if you can just replace your burn, rate your lifestyle burn rate with that asset based income, that's like the best security in the world because now, and, and I see the, the stress come out of their faces. They don't have to understand all the financial machinations of how real estate works and all that. They just wanna say, you know, are there checks in the mail or ACH, you know, that are coming in, that I can actually see and they're coming from not his or her work it's coming from this investment that we made and that's producing and sustainable is predictable. That's what, that's what so many of the women I see that are these protectors and nurturers, they wanna understand that part.   Bill Fairman 02:23:16 Right. Right. Well, I, I did wanna touch on one little thing before we wrap up this segment, you still have a motion that gets involved with that home that you've been in for probably 20, 30 years raised your kids in even, you know, if it's free and clear and, and in my opinion, that's, that's a way to downsize take that extra money and use it to invest in something that is gonna create some cash flow for you. But you, you know, you still have that emotion. When I first started originating mortgage loans, as soon as the wife started talking and I'm sorry, it's usually the wife. I don't mean to, yeah, don't be a bigot. But   Wendy Sweet 02:23:59 Usually   Bill Fairman 02:23:59 When they're already talking to me about, you know, they've picked up or picked the curtains for certain rooms, I knew this transaction was going through. Yeah. Because it's about the emotion. How do you overcome that emotion or, or do you,   David Phelps 02:24:13 Well, I don't think, I don't think you overcome it. I think, I think that that, that plays into part of everybody's lives to some extent. And so if you're talking about the, the sentiment of a family home, that you've raised all your kids in, but look, I think we have to, at some point, let go, you can, you know, you can always take pictures, I take pictures,   Wendy Sweet 02:24:36 Take pictures.   David Phelps 02:24:37 And, and then when you get together at Wendy's Airbnb and you call this great memories you had there, but yes, John effectively, you got the money working better for you. So   Bill Fairman 02:24:50 Yeah. You remember when aunt SU kept tripping over that step? You wouldn't fix there.   David Phelps 02:25:00 Memories, bad memories there, the book you don't keep those.   Bill Fairman 02:25:05 That's   Wendy Sweet 02:25:06 Awesome. We wanna also bring up his book, right? Yeah. Let's talk about your book, David.   David Phelps 02:25:11 Sure. All right. Well, I, I published the book. I published the book get's behind me, but I, I actually have a yeah. Copy there. And I think it's there's so it's inflation inflation, the silent retirement killer. You all were talking about a little bit on the front end of, of the opening of the show today is that yeah, we are in different times than this country is seen in really four decades. And we're seeing, you know, heavy headwinds of inflation and what the fed is trying to do to offset that and what, what that may cause as a, as a down line situation with recession correction. So we just, yeah, we, we put together this book and, and it's a there's there's history and, and fundamentals and economics in it, but there's also, you know, what you can do. I mean, part of this show today is like what people can do to protect and hedge themself against inflation, the high costs, and then protect against, you know, downside risk protection in, in the markets. I'm talking about like financial markets that are very, very volatile typically. And that's why we like real estate because there's much less volatility in real estate, much more predictable.   Bill Fairman 02:26:13 So you can, we   David Phelps 02:26:14 Got, you can pick. Yeah. You can pick that book up off of Amazon and thank you for putting the   Bill Fairman 02:26:20 Oh, absolutely. Absolutely. We, we have a, a direct link to the page over there in the chat and we will, well, that will stay on there so you can just click it on and go right to it. David has a lot of books and he does a really nice job of explain, taking the complicated and making it simple to understand. And   David Phelps 02:26:39 I like, I like the idea of, of how to outwit the fed that's Jerome Powell. Don't you wanna, everybody wanna outwit Jerome Powell? I kinda do. I wanna outwit him. So we have a prior attack on how to outwit Jerome Powell. I'm not, I'm not saying he's a bad guy. I'm just saying let's just outwit him. Right. He's   Wendy Sweet 02:26:56 Shouldn't be too hard.   Jonathan Davis 02:26:57 And   Bill Fairman 02:26:57 I may just comment last week, the real estate space in the right space. It it's a defensive play that continues to grow. So you can still get growth over time. You get, you can get some tax benefits as well. And, and it's still a, a defensive play. Although if you read the headlines and they talk about the real estate crashes, those are the people that aren't investing.   David Phelps 02:27:21 Yeah. Well, headlines are click baked. I mean, they just, they, they have to always make hype everything. Everything, everything is is, is extreme, extreme, right. Everything today. And so yes, if you're, don't, don't watch that the, we know from our experience decades, decades of investing in real estate, that real estate is much less fault. Yes, it is affected, but we there's lag time. There's plenty of time to position yourself the right way. And, and that's what I love about real estate. I don't have to be a trader in fact, watch the market every day and see what's happening. Go, oh my gosh. You know, I just lost 20% on my, my account. Nope. That didn't happen in my real estate. Nope. Didn't happen. Right.   Wendy Sweet 02:27:57 That's right. That's   Jonathan Davis 02:27:58 That's, that's the point I was gonna bring in the stocks. You worry about actual principle loss often. And in real estate, you very rarely have to worry about principal loss. Right? Right.   Bill Fairman 02:28:09 David, thank you for being so gracious and being on our show. I wanna mention that David will be on next week's show. So if you see all of us in the same close,   David Phelps 02:28:18 Because   Bill Fairman 02:28:19 We're recording this right after this one,   David Phelps 02:28:22 Just one question. Do I have to go back and sleep in the green room for the next week?   Jonathan Davis 02:28:26 Yeah. You   Wendy Sweet 02:28:27 Hope you send yourself some green. M and Ms.   Bill Fairman 02:28:32 Thank you so much, David. Thank   David Phelps 02:28:34 You guys.   Bill Fairman 02:28:35 Jonathan, would you like to ask the question of the   Jonathan Davis 02:28:38 Week? The question of the week is this one right here? That's right.   Bill Fairman 02:28:41 We're fancy have Monica   Wendy Sweet 02:28:48 It's right there on the screen.   Bill Fairman 02:28:49 Scott told me to pause.   Jonathan Davis 02:28:50 I, that picture looks like I have way more white hair than I don't. I dunno. Makes you look smarter. Okay. All right. All right. So the question of the we guys we want to know is what is like, well, I mean, money mindset is a precursor to spinning behavior. What is your money mindset right now? Is it positive? How do you think about and relate to money? We wanna know. I mean, this on the heels of talking about burn rate, what you can do to, you know, increase income. Also consumer spending is higher than it's ever been in 21 years. So just kinda wanna know what your mindset is. And   Wendy Sweet 02:29:23 You can answer right here on our chat. Yeah. Whether it's live or not,   Jonathan Davis 02:29:26 You can below side, I don't know. Wherever it is on your, there might be a be you ring. I don't know.   Bill Fairman 02:29:33 And yes, it's an essay question because it's like don't   Wendy Sweet 02:29:36 Pal question.   Jonathan Davis 02:29:37 Yeah. We won't accept answers less than two paragraphs.   Bill Fairman 02:29:41 We upcoming quest and you, you can still get 30% off by using the code. Fairman 30, which is also over in the chat bar. Yeah. It's a great way to network with folks and learn all about ways to invest your self-directed IRA who see you there.   Jonathan Davis 03:30:18 One of my fun personal games is to count the second I, that it takes you to realize that you've been muted and something else is playing, but you're still talking.   Bill Fairman 03:30:28 Listen, I never stopped talking three. Okay. Thank you so much for joining us on the real estate show hard money for real estate investors. We are Carolina capital management, private lenders in the Southeast for real estate professionals. Like I told, look at a project of yours, go to Carolina, hardman.com and click on the apply. Now tab, if you're a passive investor, looking for passive returns and click on the accredited investor tab. Wait a minute. Okay. Don't forget. Delight, share, subscribe, and hit the bell. And don't forget about Wednesdays with Wendy C next week.   speaker 1 03:31:14 Hey.  

Bill is a private lender that specializes in short-term purchase money loans with a construction component for real estate investors/builders in the Southeast.Also, a managing member of Carolina Capital Management, the manager of Carolina Capital Reserve Fund I, a Private Pool Mortgage Fund created to raise capital fromaccredited investors and deploy it into real estate secured loans. He is responsible for raising capital and managing the day-to-day operations of the fund and management company.A regular speaker at real estate investor and private lending events around the country,Bill has 30 years of mortgage experience that includes residential and commercial, the vast majority of that time spent in the wholesale space.He has had a unique opportunity to be involved in literally thousands of mortgage transactions and thus has seen almost every type of scenario play out, both good and bad, giving him a unique depth of experience in the real estate investment space.One of the most common questions I get is how can I put my money to work like the bank?The next step for you would be to click the link below to schedule your free 30min “Be the Bank” strategy call.http://www.carolinahardmoney.com | https://BillFairman.comInfluential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-bill-fairman-co-founder-of-carolina-capital-management

Bill is a private lender that specializes in short-term purchase money loans with a construction component for real estate investors/builders in the Southeast.Also, a managing member of Carolina Capital Management, the manager of Carolina Capital Reserve Fund I, a Private Pool Mortgage Fund created to raise capital fromaccredited investors and deploy it into real estate secured loans. He is responsible for raising capital and managing the day-to-day operations of the fund and management company.A regular speaker at real estate investor and private lending events around the country,Bill has 30 years of mortgage experience that includes residential and commercial, the vast majority of that time spent in the wholesale space.He has had a unique opportunity to be involved in literally thousands of mortgage transactions and thus has seen almost every type of scenario play out, both good and bad, giving him a unique depth of experience in the real estate investment space.One of the most common questions I get is how can I put my money to work like the bank?The next step for you would be to click the link below to schedule your free 30min “Be the Bank” strategy call.http://www.carolinahardmoney.com | https://BillFairman.comInfluential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-bill-fairman-co-founder-of-carolina-capital-management

Bill Fairman 00:00:02 Hi everyone. We are continuing this theme of how to build wealth, whether it's in the stock market or real estate. And we've got a wonderful guest right after this,   Bill Fairman 00:00:37 Your eatings, once again, from the, I wanna say it's the capital of South Carolina, but it really isn't. It is not. No, yeah, we're just on top of the hill here. That's rock hill, South Carolina. Thank you so much for joining us on the real estate investors show hard money for real estate investors. We are Carolina capital management. We are private lenders and the Southeast for real estate professionals. If you're interested in having us look at one of your projects, go to Carolina, hard money.com and click on the apply out tab. If you're a passive investor, looking for passive returns, go to our accredited investor tab and click it on and get all the fine info there. Don't forget the like share subscribe, hit the bell. And don't forget about Wednesdays with Wendy when Wendy dedicates 30 minutes per person on Wednesdays to talk about anything real estate for free, even though it's free, it's it has value.   Jonathan Davis 00:01:49 Oh, it's extremely valuable. Now,   Bill Fairman 00:01:51 Especially if you're talking real estate, now you can talk anything you want, but you wouldn't be wasting your time if you didn't talk about real estate. So if she's usually booked out a couple of months in advance, there's the link to get on her calendar. And it's also in the chat section, which depending on the platform that you're viewing us from, it's either gonna be on the right hand set of your screen or underneath.   Jonathan Davis 00:02:13 Yeah.   Bill Fairman 00:02:14 Welcome.   Jonathan Davis 00:02:15 Welcome. And on this show, we're excited. We have Dean Rogers with us. Former NFL player turned real estate investor. It's it's gonna be a great show and we're gonna kind of, you know, pick his brain on how to build wealth and you know what he's experienced over, over his tenure in, in investing before we get to that though, do you have any breaking news or   Bill Fairman 00:02:39 Actually, I don't know if it's breaking news, but the president signed the bill that supposed to be lowering inflation, if not. So that was kind of anti-climatic. Yeah,   Jonathan Davis 00:03:06 Well, you know, to, to build on that inflation is down in July from June from 9.1 to 8.5, right? It's flat month over month, I guess is the best way to describe that rents are still rising in a lot of metros. We are seeing decline in, in some, you know, namely Miami we're seeing the highest rent climbs in, well, Raleigh's in the top three,   Bill Fairman 00:03:34 By the way, average median rent nationwide for the first time hit $2,000 a month.   Jonathan Davis 00:03:43 Wow. Yep. Still going up, man. Yeah. So yeah. All that I think, yeah. I said for all these number three, I think San Francisco is number one, but I think they were hit the hardest. So, I mean, you expect the one that dropped the most would have the yeah. Hopefully have the highest appreciation. So yeah. Other than that, millennials now make up 43% of all home purchases in 2022.   Bill Fairman 00:04:10 Good.   Jonathan Davis 00:04:10 Look at that. Look at   Bill Fairman 00:04:11 Them, go they're the largest population. They should be climbing even higher.   Jonathan Davis 00:04:16 Yep. Absolutely. Well, without further ado, I guess we need to bring on our guests and we talk about building wealth.   Bill Fairman 00:04:22 Yeah. So before I bring him on, you know, Dean played in the NFL with San Diego chargers, I, I don't know why he would've left other than what most people leave for worried about your, your health because your body is being brutalized in the NFL. Yeah. But he was, I'm not sure if he still lives there or not. And we will ask, but San Diego it's like room temperature all the time.   Jonathan Davis 00:04:48 Yep.   Bill Fairman 00:04:49 And they have some great food there too. Dean created a book, the wholesale playbook and provides resources to people that want to get into the real estate investing business. He owns an active seven figure business in real estate. And we want to talk to him about creating wealth. Yeah. Whether it's best through the stock market or real estate and you know, where our bias is. So without further ado, Dan, come on outta that green room.   Dean Rogers 00:05:23 Well it's time guys. How you doing?   Bill Fairman 00:05:25 I'm doing great. Thank you so much for joining us.   Dean Rogers 00:05:28 Yeah. Thanks for having me. I mean, we we're, we're just meeting, but I, I can't help, but say I like you guys a lot already, not only the, the humor, but some, some implied opinions on some certain topics can't help, but, but like where you're, what, what you're thinking.   Bill Fairman 00:05:47 Well, we are somewhat opinionated,   Bill Fairman 00:05:53 You know, in, in my working career, I've either been self-employed or I've been commissioned only for the vast majority of my life. And I think when you're an entrepreneurial in the first place, and Jonathan's the same way you, you just have a different take it's about it. It's about hard work. It it's about working smart and you have to use common sense when you're talking about business. I have very little patience for people that expect to get handouts. Now there's nothing wrong with helping people that fall through the cracks and helping people that are needy. But if you're fully able and capable, I ain't got no time for you.   Dean Rogers 00:06:40 I can't help. But agree with that.   Jonathan Davis 00:06:43 Well, well, Dean tell, tell us about, you know, you know, first getting in, you know, in the NFL and then what made you wanna leave and then kind of, why did you choose real estate?   Dean Rogers 00:06:55 Yeah. So let me, let me take you a trip down memory lane here. So, you know, going back to when I was a little kid, you know, I was, I was the sports guy. It's all I, all I did, right. Eat, sleep and breathe it. And, and, and class, when you fill out, what do you want to be when you grow up? I was almost embarrassed to write that I wanted to be a professional athlete and you know, every other year was, I want to be in the NFL or, you know, be in the NBA through high school. I finally realized that, you know, my best shot was probably playing in the NFL as opposed to the NBA, cuz you know, 6, 2, 6, 3, and, and, and didn't necessarily jump out the gym as I would've probably needed to. But that being said, that's, that's what my whole life was.   Dean Rogers 00:07:44 You know? And for me, I also recognized me kind of like reflecting on, on my life and having different perspective. Now I always wanted to be that guy. I always wanted to be the provider. I always wanted to like put, put the family on my shoulders. And I grew up in a good family of entrepreneurs who provided everything that was needed. And, and I saw the ups and downs of that. And it actually funny enough convinced me by seeing the ups and downs, that when I was older, when I grew up, I wanted to go be a hard worker for a company and get paid a lot of money, but not have to take on the risk, which is interesting where I, where I wound up. But that being said, being the sports guy, you know, I was kind of under recruited my, my whole life.   Dean Rogers 00:08:37 I always got stuff done, but maybe overlooked or maybe wasn't fast enough or whatever it was, but always, always showed up, put in the work and then got the results on the field. And, and that without question is translated to my professional working career now, but yeah, get getting through kind of the, the system of high school and, you know, excelling and, and doing great there being recruited by, by different colleges. And ultimately I went to UC Davis to play football there, a small school, not really on the radar, but had a history of quarterbacks and tight ends going to the NFL and I played tight end. And so, you know, my, my later seasons, I had Scouts coming to practices and, and watching me and, and some other people. And, and there, there it happened, you know, it came together was, was called and signed by the chargers.   Dean Rogers 00:09:37 And, and all of a sudden my, my dreams became a reality and it was the most, you know, surreal experience ever. Now the, the thing that kind of led me to making the decision to walk away and hang up the cleats was not because I didn't like it. I loved it. It was, it was insane. You know, I had a locker, you know, four for lockers down from Phillip rivers and I'm one of the guys, right? I'm, I'm, you know, talking with Antonio gates and, and you know, these are my teammates, these are my peers. These are the people who I looked up to and played the video games, played as them on the video games. And now I'm, I'm one of them. Right. And it was, it was a dream come true. And I've got endless stories that could go down about what that experience was like.   Dean Rogers 01:10:31 But it, it was without question that Hollywood first, you know, a class lifestyle, first class lifestyle kind of roll out the red carpet experience everywhere we went. And, you know, it was pretty wild. Now that being said that year 2011, when I, when I went into the NFL was the year that ESPN finally started talking about concussions. They never really talked about it before, but now all of a sudden they're talking about concussions and oh my God, they're bad for you. Well, no kidding. But, but now, now we're talking about it. Okay. Now that same year junior Sal kills himself. Right. And I'm now on the other side of the fence, seeing these veterans, seeing the, you know, alumni and seeing how some of these people are just beat to hell. And for me, what was the biggest shift and why I made the decision I did is they changed positions on me.   Dean Rogers 01:11:34 So I went from tied end to full back. Okay. And as you can imagine at, at fullback, instead of being on a, let's say a running play, instead of being a tight end, then you're a yard or two yards away from, from the defensive end. And you gotta, you know, get 'em at a nine technique and block 'em and, and, and seal the edge there. Or you're, you're blocking with the tackle and, you know, rolling up to the, the linebacker, who's three or four more yards away. You're now running 10 yards, full speed, trying to kill each other. Right. And you're trying to run through a hole that's this narrow and the best way to do that because my shoulders are so wide is to lead with my head, right. If I want to be effective and I wanna block this guy effectively, I gotta lead with my head because that's, that's the first thing that's going through the hole.   Dean Rogers 01:12:25 So I would literally go back from just practices and be icing my head thinking like, holy crap, I, I don't know how long I can do this. Because from the neck down, I felt amazing. Like, I felt like a superhero. I, I had the best nutrition, the Bo best vitamins, the best, you know, support team to, for physical therapy and everything. After every practice, every game, I felt amazing from the neck down. But from the, from the neck up, I was like, okay, I'm gonna be brain dead in, you know, 10 years from now when I'm done playing. And so it was hard now, what made it even harder? Okay. And, and probably what makes me sleep well at night and feel some somewhat fulfilled is I had north Turner stop me in the hallways, tell me I'm gonna have a long career. Just keep doing what you're doing.   Dean Rogers 01:13:13 And I'm like, holy crap, man. Like, this is crazy. You know, I I've made it. I got this dude who I've been watching coaching, you know, winning teams telling me this, like this, this means something right. I'm onto something. I, I, I know I'm here and I've made it, but I had this terrible feeling inside. If I keep doing this, I'm gonna be dead in a vegetable. So there was only a handful of people that made the decision around this time. But people started to make the decision like, Hey, you know what? I got other things to live for. I got other skills. Right. I got other opportunities. So I made, you know, the hardest decision in my life to this day to walk away from the game I love from, from, you know, what the lifestyle provides, you know, millions of dollars, literally on the line to walk away from it. So I still have dreams, you know, I'll wake up and think I'm still there in the locker room playing, getting ready for a game. And you know, it makes me a little sad, but at the same time, I know if I would've stuck through and done it, I'd be in a world of pain right now, without question,   Bill Fairman 01:14:18 Well, you, you made the right decision. It, it's nice to have those that, that adrenaline every week. Yeah. Not to mention the adrenaline after the game where the after parties,   Dean Rogers 01:14:30 But,   Bill Fairman 01:14:32 And, and it's, I know it, I don't know from experience, cuz I've never been at that level, but I can only imagine what it's like to, you know, not have the, we'll call it the adoring fans hanging around all the time. Yeah. So I know that's kind of, kind of tough to give up, but again, you have a lot, what's the average career in the NFL about three years or   Dean Rogers 01:14:59 Something like three years. Yeah. Yeah.   Bill Fairman 01:15:01 So you do, you do have life after football. Yeah. I was fortunate enough to be a, a colleague with Allen Vinegrad. He was a offensive tackle for the Cowboys during the Emmett Smith years won several super bowls. And when I first met him, I thought he was a basketball player because he was so skinny and I couldn't believe all that. He had to go through to maintain his weight as a offensive tackle. It's amazing. He looked completely different, but that said, so what got you into the, to the real estate business? Yeah.   Jonathan Davis 01:15:40 You, you you're walk, you decide that you don't wanna do this. Yeah. What, what triggers you to, to say, okay, here's my path.   Dean Rogers 01:15:47 Yep. So I walk away from football, right. And, and some close buddies, buddies of mine that I played college with. One, one in particular reached out and he said, Hey Dean, you know what, now you're done playing football, but I got a really great opportunity for you. I'm working for this corporation and San Francisco. So I'm thinking to myself, well, great. You know, he explained to me everything that was going on and it just seemed like the, exactly what I was dreaming of once I got into my professional working career. Right. So he basically walks me in the door. I, I join and start working for them and move to San Francisco. And after a year of busting my ass, doing what I always do, like I, I literally would be, you know, spinning in my, my seat thinking like, this is all it is like, I just gotta slap this keyboard around. This is the easiest thing I've ever done in my life. Like, this is a joke, you know? Right. Like I get paid to do this   Bill Fairman 01:16:42 After two days   Dean Rogers 01:16:44 After, after, you know, waking up at six and you know, practicing all day and then you you're in film and everything. You're, you're not getting outta there till 8:00 PM. You know, you're just doing it all day long. And, and this was just incredibly easy to me. So I, I worked my butt off. And at the end of the year, I'm thinking, well, surely they're gonna recognize how skilled I am and the value that I bring, like, I'm, I'm ready for the big pay raise right now, mind you, I went from signing a seven figure contract and walking away from it to signing a $65,000 annual salary. Right. So I kind of had to, to adjust to that, but I'm thinking, all right, I I'm ready to take it to the next level. I'm ready for the six figure, you know, pay, pay, increase, like, let's do this thing.   Dean Rogers 01:17:34 And they're like, wow, you know, great work. We're gonna increase your salary by $2,000. You know, like, congratulations. I'm like, what now, mind you, I wasn't in a sales position where, you know, my effort could necessarily have those big jumps, but that being said, it really opened up my eyes like, holy crap. If, if I wanna have the lifestyle that I, that I had in my, my hands and my fingertips and, and I wanna be able to provide and live the lifestyle of, you know, abundance and freedom and, and create wealth. Like I wanna be that guy, remember I wanna be that guy that provides and, and generationally people are like, wow. He, he, he paved the way for all of us. And, and now we have this, this wealth and freedom. This was not the path, right. This was not the path. So I did the good old Google how to get started in real estate and found Sean, Terry don't know if you know Sean, Terry, but Sean Terry has the, the flip two freedom podcast.   Dean Rogers 01:18:35 And all it was was a free podcast that I listened to and immediately was obsessed. Like as soon as the first episode I listened to, I was like, whoa, how to get started with little to no money, how to, you know, basically start a business from scratch without any prior experience. Like you can find deals, you know, by following these strategies, to me, it was, it was something that just, you know, drew me to it. So I became obsessed was listened to it all day, every day at every opportunity I could. And three months from that very first day, I found it. I did my first deal. Coincidentally, I actually did it by co wholesaling it with Sean Terry, because I was following what he was saying. So to the book that I was actually marketing in his market rather than my own in, in Phoenix.   Dean Rogers 01:19:28 So that was the proof of concept. That's all it took for me to know, this is what I want to do after doing like a couple deals that first year I even told my wife, Hey, you know what, you, you could stop working. I got this thing figured out little little did I know that it definitely required a lot more effort, a lot more work to create that consistency and build the income, but yeah, flash forward to where I'm at today. You know, we have a, a seven figure a year business doing wholesale and flips, you know, kind of started out by wholesaling, single family houses. And then after a year found my business partner, we started flipping houses, which we've done, you know, hundreds of flips at this point. And, and for me, I realized that there was kind of a, a, a lot of de missioning returns.   Dean Rogers 02:20:19 The more flips we did, right? The more cash was out. The more I was stressed out, the, the less money we were making per flip, but we were really good at finding deals. So in 2018, the, the, the light bulb went off. Well, dude, if I, if I wanna build wealth, I'm on the hamster wheel right now doing 20 flips at a time doing a hundred flips a year. And I, it is just a revolving door of cash and always feel like I have none. So in order for me to have that shift, we focused on more wholesale with the, you know, handful of flips at a time and buying rentals. Okay. So for me, I finally realized that to build wealth, the, the people who are truly wealthy, they own real estate, and they get all the benefits that we, we all know about the appreciation, the principle paydown the depreciation and the cash flow, right?   Dean Rogers 02:21:16 So all four of those were all the areas that the light bulb went off. And for me, I was like, okay, I need to start buying. So to this day, we've, we've got a 63 doors or something like that, nothing too crazy, but it's, you know, $10 million worth of real estate that if I do nothing else, I don't buy another property, which I know I'll buy many, many more properties just with appreciation and principle paydown is gonna be, you know, multiple eight figures, you know, 10, 20, $30,000. By the time my kids take it over. And for me, that, that feels like a great accomplishment already, but naturally I can't help myself competitive and driven and, and wanna to grow it more and more.   Bill Fairman 02:22:01 Yeah. Well, you know, it's funny people don't think about the, the fix and flip and the wholesale business in the way of, I mean, you can get wealthy that way, but you're not growing wealth that way. It you're only as good as the last deal that you did. You   Jonathan Davis 02:22:17 Can get rich that way.   Bill Fairman 02:22:18 Yeah. Yeah. And you know, one of the things that you didn't mention about owning the real estate is if you leverage it with cheap, long term money, you're at that point, you're also paying in inflation adjusted dollars, much less over time, which that helps even more, in my opinion, this is why we don't do any long term loans. Oh yeah. Personally, out of our fund, we only do short term. Yeah.   Jonathan Davis 02:22:49 It's inflation adjustment also while rents. Right. Do what increase   Bill Fairman 02:22:53 That that's right. Yeah. I tell you, I like the old school loan business where, and you're probably too young for this. We would do. What's called a call option. Not a, not a, what do you call it after three years or five years.   Jonathan Davis 02:23:13 Oh, you mean an arm? Yeah. Yeah. You do a call auction on it. Yeah.   Bill Fairman 02:23:16 So you do a call option where you're allowed to either adjust for rate increases. You can leave it the same, or you can actually lower it if you want, or you could call the thing due. And that way you're never obligated to a long term contract. Now, what market are you ending?   Dean Rogers 02:23:36 So to answer your question earlier, I still live in San Diego. I was in San Francisco, realized holy smokes, it's cold and windy here. And I don't see myself raising a family. I, I was pretty, I was pinching myself when I was playing in San Diego. So we moved back to San Diego. We're in LA JOA, if you know where that's at. Yep. And so, so love that area. Yeah. We, we love it here. We, we do the, the golf cart life. You know, we drive the golf cart to the beach and to go work out and get food and all that stuff. So I still pinch myself all the time about that. But my business is actually where I grew up, which is central California. So for me, I love investing in the market where I grew up because it's all, you know, houses that are actually at and below the medium, the, the national medium price point, which in California, I mean, most people don't even know that exists.   Dean Rogers 02:24:32 Right, right. Central California, where I grew up, which is more intimately known as the central valley people don't even realize that it's there. I tell 'em, oh yeah, I'm from Visalia. And a lot of times they're like, well, where's that, you know? And so the nearest city that people kind of relate to is Fresno and maybe be they, because Fresno state has kind of put them on the map. Right? Sure. From a sports standpoint. So for me, you know, houses, I'm buying for a hundred, 200, $300,000. It's rare that I'm buying anything above that. And, and so for me, I sleep so well at night because those are just easy to understand. There's such a, such a demand for that price point. Now you look at compared to San Diego, I've done some flips here. I mean, I was thinking all the time about my flip that I had in ocean beach that, you know, I bought for $560,000 and, and had it on the market to sell for seven 50 after I put, you know, 60, $70,000 into, I couldn't help, but think about it every day, because the interest payment was, you know, 6,000 bucks a month or something.   Dean Rogers 02:25:43 Whereas, you know, in, in my market, it's, you know, pretty much a thousand bucks or less. And, and you can have a lot more of those that you're taking on. So,   Bill Fairman 02:25:53 Yep. Go ahead. I was gonna say, that's exactly what we preach. Yeah. We only lend in those median price points anyway, because as a lender, we have to look at it this way. If we have another 2008, so there's a worst case scenario and everyone's a seller and no one's a buyer. We can at least rent out those homes. Yep. For our expected return in our fund, it is the most liquid of the single families because you've got empty nesters that are looking for those homes. You have first time home buyers and you have investors that will all look at those homes. So it is the most liquid. And it's the easiest to move. If you have to, you're also not gonna get big price fluctuations when the markets change in those markets as well. So yep. There, there's another thing we have in common.   Dean Rogers 02:26:44 Yes.   Bill Fairman 02:26:45 That's awesome. Listen, I, I wanna make sure that I promote your, you have a, do you have a class or a book or   Dean Rogers 02:26:54 Yes. So I have a coaching program. So something unique that I'll just kind of touch on is over the past couple years when pardon part, in my opinion, but when the scam demo happened, you know, I, I couldn't help, but notice that the more that I networked and, and reached out to other people that more opportunities kept coming to me. So the more that I helped, the more that I had the abundant mindset, the more that opportunities came to me from other people and, you know, blessed our business. And, and we kept, you know, doing more deals, making more money. So that same kind of concept with, with good friends around me, kind of encouraging me to, to do deals with other people to, to help other people learn, had some good friends, kind of push me off the edge to get into the education business.   Dean Rogers 02:27:45 So I started what I call the wholesaling playbook, which is essentially step by step exactly what we're doing in our business from, you know, a marketing standpoint, how we're negotiating, how we're, we're structuring our deals and analyzing them and the processes and systems we have in place, how we built our team, how we built out our CRM, everything that we're doing from a to Z, we cover that in the wholesaling playbook. So sweet with that. You know, I have a coaching program that has all of that. You can go to Dean rogers.com and check it out. I got a video that explains everything that's in it. And, and really my goal with that is to build a community of other people who are developing the skills, who are getting deals, closing deals and, and helping them elevate in their life and change their lifestyle and, and their resources.   Dean Rogers 02:28:42 And, and as a result of that, there'll be many more people around me in my community that are also winning. And that just without question opens up more doors, right? Absolutely. The whole reason I just joined the family mastermind, where we met was being around other winners who are doing the same thing. And already as a result, it's opening other doors and new relationships. So that's kind of the motive behind the wholesaling playbook and the coaching program is just to elevate other people. Naturally, I'm super passionate about the business and, and love, love doing deals and helping other people do deals too.   Bill Fairman 02:29:21 Excellent. Well, we, we are very passionate about masterminds as well. We also have that abundance mentality. All it does is bring more like-minded people into the fold. You can't think of PE people that are in that business as competition, because at some point you guys are gonna be doing deals together anyway. Yeah.   Jonathan Davis 02:29:42 Rob Robert Ingersol, you know, we rise by lifting others. Yep.   Bill Fairman 02:29:45 Now, absolutely.   Jonathan Davis 02:29:47 Before I forget, I want to go ahead and get the question of the week out to everyone.   Bill Fairman 02:29:53 Yes. Go ahead.   Jonathan Davis 02:29:53 Yeah. So   Bill Fairman 03:30:03 We have to be, we have to be careful. I love it. We, we don't hesitate for our graphics coming in. Yeah. We   Jonathan Davis 03:30:08 Just talk. So we wanna know what is your preferred way of building wealth? You just heard from Dean, you know, he was in the NFL kind of kicked around in the corporate life and then figured out, Hey, I wanna build well through realized wholesaling, wasn't it. So, you know, rentals. So into the real estate section, what are you doing? We wanna know, and we'd love to talk about it next week.   Bill Fairman 03:30:33 So yeah, you can put it in the comment section and then we will follow up with you guys next week and we'll put it in our lab broadcast. Thank you very much, Dean. Thank you so much for joining us. I appreciate you spending time with us. You got a great story. The, the one thing that I caution you on is that you still live in California.   Dean Rogers 03:30:56 I still question that too. It's so beautiful here. You know, I, I know to look out the front door and see a, a little sliver of the beach. I go to the corner of the, the end of the block and, and see it and can drive to it in the golf cart. So it's, it's hard to leave that, but man, they, they sure make it easy to wanna leave.   Bill Fairman 03:31:13 We have many friends out in California and the typical comp you know, comeback from that is that's the price of living in paradise.   Dean Rogers 03:31:22 Yep. True.   Bill Fairman 03:31:25 Again, thank you so much. Hang around. We'll we'll talk here right after we get done folks. Thank you so much for joining us on the real estate investors show. We are Carolina capital management. We are private lenders in the Southeast for real estate investors. If you have a project you'd like us to take a look at, please go to Carolina, hardman.com and click on the apply. Now tab, if you're a passive investor looking for passive returns, then go to the accredited investor tab. Don't forget the like share subscribe, hit the bell. I did forget that to mention that we're gonna be at the quest expo September. I believe it's 23rd through the 25th. That's also over in the comment section. You can get a discount of 30% by putting in Fairman 30. That's also in the comments. We will see you guys next week. Have a great week.  

Bill Fairman 00:00:01 Hi everyone. Bill Wendy and Jonathan here. We're gonna talk about rich dad. Poor dad. Who's your daddy. Once again, greetings. Thank you so much for joining us on the real estate investor show hard money for real estate investors. We are Carolina capital management lenders in the Southeast for real estate professionals. If you would like us to take a look at one of your projects, please go to Carolina, hard money.com and click on the apply. Now tab, if you're a passive investor, looking for passive returns, go to the accredited investor tab and   Wendy Sweet 00:00:59 Send us some money.   Bill Fairman 00:01:00 That's right. Don't forget to like share most importantly subscribe, and then you can hit a bell too. If there's one available Wednesdays with Wendy it's. So unlike me to be so busy talking, I forget about   Wendy Sweet 00:01:26 The grand page. Yeah.   Bill Fairman 00:01:28 Anyway, Wednesday with Wendy is a volunteer thing that Wendy does to donate her time to anybody who wants to talk about real estate. She gives everyone 30 minutes, but get on the list, her calendar she's booked out all the time.   Wendy Sweet 00:01:47 Not all the time.   Jonathan Davis 00:01:47 All there's times available.   Wendy Sweet 00:01:49 Yeah.   Bill Fairman 00:01:51 Get it while it's high.   Wendy Sweet 00:01:52 Yeah, that's right.   Bill Fairman 00:01:53 Am I leaving anything out? Quest expo?   Wendy Sweet 00:01:56 Yeah, that's coming.   Jonathan Davis 00:01:59 There's a graphic for that.   Bill Fairman 00:02:14 It's coming up soon. Anyway. It is a great opportunity to meet like-minded people. You can get a 30% discount by using Fairman 30 and it's September the 23rd through the 25th. I highly recommend it.   Wendy Sweet 00:02:30 Great networking opportunity. Absolutely great opportunity to learn about all the different opportunities to invest your money. Yep. Right? Absolutely. There's a lot of stuff.   Bill Fairman 00:02:41 So do we have a, a question of the week by the week?   Jonathan Davis 00:02:45 Yeah. So the question of the week, and we'll, we'll follow it up later in the show as well, but in your opinion, you know, what is the difference between being rich and being wealthy? Hmm. And, you know, kind of a, you know, a caveat off of that is what are some strategies that you employ to build wealth now we'd, we'd love to talk about those next week. So anyone that puts it in the comments, we will be discussing it. And   Wendy Sweet 00:03:14 We'll actually be talking about that over the next few weeks. So yeah, there's, we've got a lot of great speakers and, and topics lined up to where we're really addressing building wealth versus getting rich because there's a big difference in the two and, and rich dad, poor dad is what came to mind when, when we were coming up with this and yep, absolutely great book. If you haven't read it and you've been living under a rock, if you haven't, but it's, it's a great book. Rich dad, poor dad by I think that's key.   Bill Fairman 00:03:49 So for breaking   Jonathan Davis 00:03:52 The news,   Bill Fairman 00:03:53 Breaking news,   Wendy Sweet 00:04:06 When was the last time your home was rated?   Bill Fairman 00:04:10 Last time I used bug spray. Yeah,   Wendy Sweet 00:04:13 That's good.   Bill Fairman 00:04:14 So the producer price index came out today for the month of July. That's basically what manufacturers pay for their goods before they're manufactured and then passed on to the consumer. It was slightly below what expectations were. But when you strip out food and energy, food is way up there. Yeah. Energy dropped and we all know that gas prices oil came down.   Wendy Sweet 00:04:48 Not much. We're still above where we should be.   Bill Fairman 00:04:50 Right? No, I get that. Yeah. But the point to this is that it's still into 9%, almost. It was 9.8%. They were expecting 10 something. So it's still high. They're still gonna manufacturers still have to push their cost increases forward. So we're, we're gonna be in inflation territory for, for quite some time. And unfortunately,   Wendy Sweet 00:05:14 If you wanna call it inflation   Bill Fairman 00:05:17 And the fed don't   Jonathan Davis 00:05:18 Call it recession. I mean,   Wendy Sweet 00:05:19 We're not,   Jonathan Davis 00:05:20 It is not a recession.   Wendy Sweet 00:05:21 That's right.   Jonathan Davis 00:05:22 Don't vote this November for not in a   Wendy Sweet 00:05:25 Recession donation. That's right.   Bill Fairman 00:05:28 So, you know, the fed is gonna continue to, to raise rates until they, I, I, I heard the chairman of the Minneapolis fed say that they're getting down to 2%, no matter what. So they will continue to raise rates until they get the inflation rate down to 2%, which means they're gonna continue to raise rates   Wendy Sweet 00:05:49 For a while. Yeah. Yeah.   Bill Fairman 00:05:51 I did wanna touch on the general mortgage outlook what's been going on. So I got this article from the mortgage news daily, and this is, this is based on refinancing. And I said last week it has picked up refinance index was up 3.5% from the previous week. It's largest gains it's June, but it was 82%, less than last June at this time. Just   Wendy Sweet 00:06:22 A little bit different.   Bill Fairman 00:06:25 We, we had Brian on a couple of weeks   Wendy Sweet 00:06:28 Ago, Brian Maddox.   Bill Fairman 00:06:29 And you know, if you're in the mortgage industry and you weren't paying attention to your purchase money business, you're in a world of hurt right now. Excuse me. I   Jonathan Davis 00:06:40 Don't know. You're up three and a half percent.   Bill Fairman 00:06:44 No, you're down   Wendy Sweet 00:06:45 82%. It's all on how you look at it. I was, I was at the airport at 4:00 AM this morning. That's a whole nother story. But while I was sitting there, I was reading about loan Depot, big company. They had 11,500 employees. They've laid off almost half of 'em.   Bill Fairman 00:07:08 Wow. Well, I didn't hear about half.   Wendy Sweet 00:07:10 Yeah. And they expect 900 more. Yeah. I hear they're going to be laid off. Yeah. So they're and they're stopping their wholesaling, which I thought was interesting. Yeah.   Bill Fairman 00:07:19 Well, they're not gonna have too many retail businesses that are gonna be using   Wendy Sweet 00:07:25 Them. Yeah. That'll be selling 'em now, you know, they're finishing out their pipeline, right. They're not leaving anybody hanging. Like it happened back in, you know, oh eight. But, but they're making some big changes.   Bill Fairman 00:07:36 Now, purchase applications decline 1% week over week, but they're, they're just down 19% from a year ago, which is still bad, but that's better than 82. If you're in the mortgage business, that's where you're gonna get your right. You know, your, your workflow from your cash flow. Now I thought was interesting was the size of the mortgages grew from now, these are refinances 378,000 to last, last week. It was 374 or no 374 7 is they've gone up, you know, $4,000. Almost obviously people are taking advantage of still having equity in their house. And in my opinion, if you're refinancing, now it's not rate and term it's, it's cash out. Refinances. People are hoarding a little bit of cash. Yeah. Or they're spending a bunch of their money with credit cards to pay for food and shelter and gas. Yeah. With their cards and they, they need more cash.   Jonathan Davis 00:08:47 Well, I mean, it could be rate term, probably not. I mean, you probably have some five, one and seven one arms that are coming due that are, you know, people have   Bill Fairman 00:08:54 To, if you, you had a five, one or a seven one arm in the last three or four years, you're on moron.   Wendy Sweet 00:08:59 That's crazy. Yeah. Crazy.   Jonathan Davis 00:09:01 Well, well, you wouldn't come due in the last three or four   Wendy Sweet 00:09:03 Years. Yeah, that's right. You would've been, you would've five years ago.   Jonathan Davis 00:09:06 Well, seven years ago.   Bill Fairman 00:09:08 My point is, why wouldn't you have refinanced before then? I mean, you couldn't qualify   Jonathan Davis 00:09:13 Well, remember in 2018, you know, mortgage rates were in the fives. Yeah. I mean, just that's four years. Guess   Bill Fairman 00:09:19 What? I mean, as soon as they got down below three. Yeah. Why wouldn't you have been refining?   Jonathan Davis 00:09:23 Well, I'm saying, so you'd be, you'd be refinancing from 2015 to 2018. Yeah. And yeah, I wouldn't, your rates would be pretty comparable to where they are now   Bill Fairman 00:09:32 Or higher, but that just means they're, they're going to an adjustable and yeah. You might wanna go to a higher fixed rate and be stuck with a higher adjustable and not knowing where it's gonna go. I get that. But I think again, unless you couldn't qualify, you should have already done that. So you're still more on or not paying attention.   Wendy Sweet 00:09:53 Do you have a graph that you wanted to show no online or that's just for us to look at. Okay.   Bill Fairman 00:09:59 That's that's going into our next segment. Oh, gotcha. But thanks for reminding me purchase mortgages prices rose to 416,300 from four 13. So we still have prices that are going up   Wendy Sweet 01:10:15 A little bit and that's nationwide too. So it's gonna be different depending on where you are located. Sure,   Bill Fairman 01:10:22 Sure. So average interest rate for a conforming loan was, you know, between it was 5.47 compared to 5.43, which is not a big deal. Here's what really surprised me though. Jumbo 30 year fixed the rate was 5.9% since when is a jumbo more expensive than   Jonathan Davis 01:10:45 5.09.   Bill Fairman 01:10:47 Yeah. Yeah.   Jonathan Davis 01:10:47 Okay. Yeah. 5.09.   Bill Fairman 01:10:49 Yeah. What did I say? 5.9. Yeah. Okay. 5.09. So barely a tick above five. So since when is jumbo rates lower than conventional rates?   Wendy Sweet 01:10:59 Yeah. Amazing. Huh?   Jonathan Davis 01:11:00 Because most loans are jumbo now with, you know, 4, 4 16 being the average loan   Wendy Sweet 01:11:05 Size.   Bill Fairman 01:11:07 And that really shocked me. Yeah. That is that's crazy. And it, this, this article, and again, it was in mortgage news daily, yesterday, you can get the whole thing, but they were showing these rates with, you know, some points, a little bit of points, but the points were basically the same. Yeah. For all of these, I'm just, I'm just shocked that the jumbos   Wendy Sweet 01:11:29 And the key to all this is how is that really going to affect real estate investors when they're trying to fix and flip properties, you know, how are the sales gonna change if they're, they're going to change. We still through all of this, have a shortage of housing. Yeah. You know, we're, we're still low on the housing. So, you know, things are still gonna be moving along.   Bill Fairman 01:11:53 Well, the, the one thing I want to add to this is that unless you're in California or certain areas of the country bubble units, you're not gonna be getting, if, if you're an investor, you're not getting a jumbo. So if, if those houses are, are moving, it's gonna be for more than likely people that are owner occupied. Sure. Yeah. In smaller units that are gonna have a lot of investors in. So as people are getting priced out of the market, the market will come back to them. Eventually wages still aren't keeping up with inflation, but at some point wages will, as inflation starts to come down and then prices on, on homes will, I don't wanna say flatten, but they'll get more realistic.   Jonathan Davis 01:12:42 Yeah. Yeah. Everything will adjust.   Bill Fairman 01:12:43 You keep beating the same drum here that this appreciation rate is unsustainable   Jonathan Davis 01:12:50 And it's a great time to be a landlord. Yeah. Yeah. That's a great job. Rent have never been higher. That's right. Rent's never been try.   Bill Fairman 01:12:57 All right. So we are going to talk about wealthy versus rich,   Jonathan Davis 01:13:05 Wealthy versus rich.   Bill Fairman 01:13:07 So what I'd like to talk about is the difference between getting rich in the stock market and getting wealthy in real estate. You have any thoughts on that?   Jonathan Davis 01:13:19 Do I have thoughts? I have a lot of thoughts on that. I mean, I'll focus more on the real estate size. That's more of my, my wheelhouse. There are so many different ways to invest in real estate and there's. And so you can be diverse between asset classes be between geography. You can, you know, have cash flow. You can have appreciation. We were just talking about unsustainable appreciation, but you can also have depreciation, which is a tax advantage. You can even hypothecate if you want. So, you know, it's just pledging an asset without conveying title. So there's all kinds of ways. And, and the thing to remember, I think for real estate is where the shiny object syndrome happens in, in stock market. My cousin put, you know, 10,000 in, on this stock and it blew up and he, now he's a millionaire that, you know, that's great.   Jonathan Davis 01:14:24 But the chances of that occurring are so minimal. Like it it's, it's it? Yeah. It's so tiny, but in real estate, you don't get that quick fix that everyone like, you know, like, you know, it's a headline, everyone just wants the headline. I made a, I made $400,000 when I sold this house. It was fantastic. Like that's not typical. It's, it's, it's not, it's a, it's a long process. Yes. And it's a long game that you have to play and you have to diversify yourself. But that long process is the wealth. That is where the wealth is generated. In that process. You can, you can get, become a millionaire in stock market overnight from some anomaly happening that you had no control over. It could have gone a thousand different ways, but it went this way for you. Congratulations. Now, what do you do with it? I suggest take that money invested in real estate, but you   Wendy Sweet 01:15:19 Know, yeah. Yeah. Plus, I mean, you talked about assets and all of that, you know, different classes, but not only that, but you can also choose to be active or passive in investing in real estate, whether you're funds syn syndications, or are you investing in individual people that, you know, are you buying notes? You know, there's   Jonathan Davis 01:15:43 Yeah.   Wendy Sweet 01:15:43 Are, are so many different things   Jonathan Davis 01:15:45 You're buying and selling notes. Are you buying performing assets? Non-performing assets, reperforming assets, commercial, residential, you know, mixed use, raw land, whatever, you know, what have you, I mean, there's so many different avenues you could do. You can do seller financing, you can create a note and then sell that note or sell a portion of that note, sell the first half of it and retain that the second half. Like there's, there's so many options. And again, I'm only speaking from the real estate side that I know, but I don't think you have that many, well, you have options in, in stock market, but I don't think you have, it's not the control tied with an asset.   Wendy Sweet 01:16:26 Right.   Jonathan Davis 01:16:26 That's, that's what we   Bill Fairman 01:16:27 Like. If you're confused about all the different ways and how to do this, how, how many people that are invested in the stock market know all the different ways to invest in the stock market. That's   Jonathan Davis 01:16:39 Right. Probably none of them,   Bill Fairman 01:16:41 Most of them just have money managers that they can say, okay, that sounds good to me. I did. I read an article yesterday from JP Morgan chase advisors and the, in the article, it was stating that the average investor after inflation ends up with about a 2.9 to 3.1% return. Wow. Over the 20 years, because they always buy it the wrong time. They sell it the wrong time. They pay too high of fees, all that stuff, taxes. Yeah. All, all that is involved because they, they don't know. They trust other people to manage it for 'em and if they try to do it themselves, they, they make even less money.   Wendy Sweet 01:17:28 Yeah. They run scared.   Bill Fairman 01:17:30 So through, if you'll put up that graph that shows the home prices versus the stock market since 1900. So it's the, here's the appreciation. And, and let's talk about, and, and I, I couldn't find one that went beyond 2010, really, that would show a long term in the market. So this is since the 1900 stock market versus home appreciation basically. So the red line is the stock market. And as you can see, they run fairly parallel through from 1900, all the way to 2010. So the values are basically the same. Yeah. The prices are basically,   Jonathan Davis 01:18:20 The only difference is you don't have steep losses and gains in the housing. As you do in stock.   Bill Fairman 01:18:27 Housing is, is pretty steady until you get to, you know, 2008 and eight where it went down, but it, you know, it recovered fairly well. Just like the snack market did in 2008. I mean, it dropped two. Yep. But here's a little difference in building wealth versus getting rich. Could you put that back up again, if you don't mind with that, the housing, those prices are the same, but the value is not in the price. The value is in the income that those properties pay. You let's switch over to that graph where I have the, there, there we go. And I know it's kind of hard to read this. This is the 30 year and the 20 year history of the S and P 500. And these are the returns for 30 years. The average return was nine point. I can't read   Jonathan Davis 01:19:24 That 9.84.   Bill Fairman 01:19:25 Yeah. 9.8, 4%. And then adjusted for inflation. It was 7.15. Now this is in price, right? If you're, if you own real estate and you're getting rental income from real estate, do you think you're gonna get somewhere in the seven to 9% return on those investments?   Jonathan Davis 01:19:48 I think most people that we work with get somewhere between seven and 12% on their   Bill Fairman 01:19:53 Investment. Okay. Now that's on the, we'll call it the dividend part on the real estate. Yeah. You're not gonna get a dividend like that in the stock market, your typical dividend paying stocks, number one are not going to follow that same trend line as far as pricing goes. And your dividend typically is gonna be between, depending on the company two and a half to 4% return. Yeah. Okay. With the housing market. We'll, we'll just say in single family, I'm not gonna talk about anything else right now, because the graph is based on single family housing, you are getting a seven to 9% increase over time, every single year with a few exceptions, but over time. Yeah. You're, you're getting that same appreciation as the stock market, but you don't get paid in the stock market until you sell. Right. Well, with real estate, you're getting seven to 9% returns. And then you get DEP profit. When you sell, if you decide to sell, plus you also get the tax advantages. Yep. With, with depreciation. Now, a lot of people are gonna say, well, yeah, that's fine and dandy, but I don't, I don't wanna be a landlord. That's a lot of trouble to get what   Jonathan Davis 02:21:12 Property management companies   Bill Fairman 02:21:14 Are for. That's right. You don't have to do it yourself. You can invest in funds that do the same thing that are that's right. Backed by the same assets. Yeah. Or you can get the same tax advantages that you can buy owning real estate because you essentially do own the real estate because it being an equity partner in a fund, you are one of the owners. Right. And you get those, those same tax benefits.   Jonathan Davis 02:21:37 Yeah. And you say all of those things that are included into the real estate and building wealth, and we, you know, sometimes get overlooked, but the amortizing loan, like you get to buy a property or, you know, or, or refinance or whatever you do with it, with to, and pay that loan in today's dollars for the next 30 years. Like the value of that is immense.   Bill Fairman 02:22:05 Let's touch on. Yeah. Leverage. So you can do the same thing in the stock market. You can leverage, you can get loans to buy more stock and you have money to buy the stock with. Yeah. But what happens if the price of that stock goes down? Oops, what is your lead forage happen? What happens? You either you have to sell   Jonathan Davis 02:22:24 Called. Yeah.   Bill Fairman 02:22:25 You either have to sell, or you have to put up more money because that leverage is based just like on a house, a percentage of the value. So if the value drops, you have to bring your percentage back up again by either adding cash or selling the asset. Yeah.   Bill Fairman 02:22:41 And the housing market, it doesn't matter if the price of the house drops, they're not calling your loan or making you put up any more money. No. The only time you would have to put up more money is if you had to sell for some reason and you owed more than, you know, what the mortgage before, or, or yeah. You couldn't sell it for what the mortgages were. Yeah. And, and again, and I'm gonna continue to quote this until the day I'd die, because it's a great quote from David Phelps, the house doesn't care what it's worth.   Jonathan Davis 02:23:11 That's right.   Bill Fairman 02:23:12 It's still producing an income. Yeah. And even in down times, recession periods, people still need a place to live. They still need to eat. And in real estate, you're providing them with a place to live. Now, there is very important. Sure. If you're in certain states, they may, the government may come in and say, I'm sorry, these people can't afford it. And we're not gonna let you a victim.   Jonathan Davis 02:23:41 Yeah. Yeah. That's why we don't like to do business in those states. So you have to be,   Bill Fairman 02:23:46 You know, due diligent about where you buy your real estate.   Wendy Sweet 02:23:50 Right. Right.   Bill Fairman 02:23:51 Very important. So that does happen.   Wendy Sweet 02:23:55 But not in most places. Yeah. That's not happening in most places.   Jonathan Davis 02:23:58 Yeah.   Bill Fairman 02:23:58 And most people wanna pay their rent. You are gonna get people that play the system. But in most cases, you're gonna get people   Wendy Sweet 02:24:06 That wanna pay. You know, another thing that I think we should touch on too, is, you know, when we talk about building wealth, you talk, we were talking about all the advantages you get when you're in real estate versus being in the stock market. Well, if you, when you're getting into real estate, that be careful about how, what dollars you're taking money from, you know, are you investing with a IRA, 401k, or are you investing with cash knowing that if you're owning property, you don't really wanna use your IRA to own the property because then there's so many other advantages tax advantages that you're not gonna get using your IRA.   Jonathan Davis 02:24:51 Yeah. The   Wendy Sweet 02:24:51 Depreciation ver versus using cash for that. So, or   Jonathan Davis 02:24:57 Someone else's   Wendy Sweet 02:24:57 Money. Yeah. So leverage, so make sure you, you, you are investing from the right pool, buying the right things from the right pool. Does that make sense? Yeah.   Jonathan Davis 02:25:08 Yeah. Absolutely.   Bill Fairman 02:25:09 There are rules you have to follow with self-directed retirement accounts. And we've always found that if you're investing your retirement account, be a lender in a business that does is not tax advantage. Then that's where you put your IRA in. Yeah. If you're investing in something that is tax advantage, you're not getting that advantage because you're already using money. That's tax deferred or tax   Wendy Sweet 02:25:38 Exempt. And it's not a bad investment. No, it's just not as, Wise's not,   Bill Fairman 02:25:42 You're not utilizing your, all the benefits. Yeah. All the benefits entitled. Yeah. I have one other thing I wanted to talk about on this subject, but I'm old and I forgot   Jonathan Davis 02:25:53 Why I'm thinking about it. Let me share the, the question of the week again. So we, you   Wendy Sweet 02:26:11 Type fast. I know, right?   Jonathan Davis 02:26:13 We want to know, in your opinion, what is the difference between being rich and being wealthy and then what do you do to achieve being wealthy? We assume that's what you want.   Wendy Sweet 02:26:25 Yeah. So how can people answer this question? You can do it right online watching this.   Jonathan Davis 02:26:30 Yeah. You can believe in the comments and we'll, we'll pull it from the comments,   Wendy Sweet 02:26:33 Whether we're live or recorded. It doesn't matter. We're still gonna see it. Yeah.   Jonathan Davis 02:26:37 We're pull it in. Glad   Bill Fairman 02:26:38 You didn't say dead.   Jonathan Davis 02:26:40 We're gonna talk about it next week. Cuz we're interested to see what other people are doing. Yeah. What, what strategies you all are employing to build wealth or get rich. I don't know what, whatever you wanna do.   Bill Fairman 02:26:53 Excellent. So   Wendy Sweet 02:26:55 Nothing wrong with both.   Bill Fairman 02:26:56 Does anyone have a last word?   Jonathan Davis 02:27:00 So last word. I don't know. Like   Wendy Sweet 02:27:09 Hypothecate yeah, that was a good one.   Bill Fairman 02:27:13 That's it?   Jonathan Davis 02:27:14 Hypothecate hypothecate do it if you can, because you do not have to convey title   Wendy Sweet 02:27:20 And then for next week.   Jonathan Davis 02:27:22 So we're gonna, we're gonna close out here. It's been great. Hope. It's been entertaining and hope. You've learned something next week. We're going to have Dean Rogers on with us and we're gonna be talking, you know, former   Wendy Sweet 02:27:36 FF N NFL football player. Oh, turned apartment. Yep. Fish a good one.   Jonathan Davis 02:27:44 Yeah. So, so we're gonna talk about building wealth versus getting rich. It's kind of a thing that we're going with here. And again, we'll have Dean Rogers with us. So guys it's been great. If, you know, remember we are Carolina, hard money, Carolina capital management, go to Carolina, hard money.com and you can click on the investor tab. If you would like to invest into our fund, a passive investment that gets outsized returns. You can click on the borrower tab and fill out an application if you would like to borrow money for fix and flip new construction, short   Wendy Sweet 02:28:15 Term and long term, right? Yeah.   Jonathan Davis 02:28:17 Multifamily. And we do long term rental loans as well. So it anything else to add guys,   Bill Fairman 02:28:23 See you next week.  

James Fairman is a former RAF helicopter pilot, and founder of AFCS Help.Social Media: @afcshelpGez's social media is: @grjbooksAudiobooks available at: https://www.audible.co.uk/search?searchAuthor=Geraint+JonesIf you are a veteran struggling with mental health, or you just want a bit of help adjusting to civvie life, then say hello to the Royal British Legion at @royalbritishlegion or http://www.rbl.orgThank you to our sponsors! The show doesn't happen without them!Combat Fuel - www.combat-fuel.co.ukCombat Combover - www.combatcombover.comwww.theescapegames.co.uk Kamoflage Ltd - www.kamoflage.co.ukRite Flank - www.riteflank.co.ukZulu Alpha Strap Company - @zulualphastrapsSupport the show

https://youtu.be/pgjlTpBq7VA Bill Fairman 00:00:01 Hi, everyone. It's great to be back in this show. We're gonna answer this burning question. Greetings I'm bill Fairman I'm with Carolina capital management and welcome to the real estate investors. Show hard money for real estate investors. If you are in the market for a loan for one of your projects, go to Carolina, hard money.com and click on the applying L tab. If you're an investor looking for passive returns, go to Carolina, hard money.com and click on the accredited investor tab. Don't forget the like chair subscribe, hit the bell. And don't forget about Wednesdays with Wendy,   Bill Fairman 00:01:07 Wendy devotes, 30 minutes per person on Wednesdays to talk about real estate. Well, she'll talk about anything, but you're smart if you'll choose the real estate thing, because that's where all the value is. Anyway, she's usually booked up a couple of months in advance. So go ahead and get on her calendar. It's also gonna be over in the comment section. Speaking of comments, sections, we have comments, questions that you can answer on the right side of your screen or underneath, depending on the platform that you're viewing us from. And one last little bit I want to talk about is the upcoming quest expo in September   Bill Fairman 00:02:05 Quest expo is excellent event. It's all education on real estate and investing and how you can invest yourself directed to IRAs. We have a coupon code, Fairman 30, get you 30% off. It's like I said, it's an awesome event. It's three days wonderful place to network and learn about how to invest that self-directed IRA. I can tell you that most people go through the hard part of getting their money rolled over into a self-directed account, but they fail to invest enough of the money and it just sits there. That's not helping you at all. So it's a great place to go okay. To our show. Well, I have an investor that sent me a video a few weeks ago. His name is Steve. I'm not gonna tell you his last name, cuz I didn't get his permission, but he sent me a video of, of a fella. His name is Nick Joley. He runs Reveture consulting and he's a data guy. And the big headline was wall street, landlords taking huge, huge losses and is gonna be forced to do liquidation. So I wanna kinda go over his data and I'm not arguing with his data. I am just, I don't agree with his conclusions. So let's start with this first clip   Video Clip 00:03:43 Market. Redfin just reported a couple days ago that investor home purchases crashed by 17%. In the first quarter of 2022, they quoted a realtor in Nashville who said that a few months ago, 95% of homes for sale in Nashville would get at least one cash offer from an investor, but not anymore folks because today most homes aren't getting any investor offers. The realtor went on to say that this is good news for regular home buyers, regular home buyers. Like you all watching this channel are gonna have more inventory and cheaper home prices to choose from. However you need to note this investor fire sale and crash is gonna be most severe and specific cities and neighborhoods around America in 2022 that I'm gonna reveal to you later in.   Bill Fairman 00:04:26 Okay. So a couple of things I wanna address with that, yes, investor purchases have dropped and you know, for a couple of reasons, number one, lack of inventory, it it's harder and harder to find inventory out there. Another reason is the prices have gotten too high for investing numbers to make sense. So if the numbers don't work as investor, why are you gonna be buying properties? When Redfin is interviewing realtors about investor offers, I always take that with a grain of salt, most investors, professional investors, number one, they don't buy retail. They don't buy off the MLS. So let let's face it. Those Redfin and the realtors don't do anything about those purchases. They're they're buying off market properties. That the only way they would know about those purchases, if they did a search on title transfers in the area and yeah, the hotter markets are the ones that are gonna have investor purchases dropping the most. And because like I said, the prices are too high. Investor purchases are not emotional. They're they're about the numbers. And if the numbers don't work, they're not gonna purchase. Now. Of course he, he calls it crashing 17%, but they were all already way up there. Now the ones that bought early enough in a lot of these markets, when the prices were relatively low, they could still buy stuff off the MLS and still make the numbers work. But not anymore. The prices have just gotten too high. Scott let's do the next, but   Video Clip 00:06:14 First I need to address a question that I think is already brewing on a lot of your minds. You guys are probably San to yourselves. Wait a minute. All we heard about for the last six to 12 months was that investors were taking over the housing market. Why are they now all of a sudden bailing out what's going on? Well, folks, the answer to this question has everything to do with two main trends that are developing right now in the housing market. Number one is increasing mortgage cost and cost of debt. Well, number two is declining profitability for landlord rentals. And that second point on declining profitability is a key one that a lot of people don't understand because if you look at the last eight years of data on investor cap rates, AKA the rental profit that comes from buying and renting outta house, we can see that the cap rate is all the way down to 4.4%.   Video Clip 00:06:54 Meaning that if a wall street investor bought the typical priced home in America of 350, 2000, they would earn about 16,000 a year in net rental income. After deducting expensive. This cap rate in investor return has been on a consistent downward decline over the last eight years, forcing many investors to accept lower profits in order to buy into the housing market. Now here's, what's interesting, accepting lower profits made sense for a while because these wall street investors could borrow at very cheap costs of debt. Especially during the pandemic. You can see if we add the orange line to this graph 30 year mortgage rate in America during the pandemic that cost of debt went down to 2.7%. Meaning that even though the profitability of the rental was declining, the cost of debt was declining by more, which meant that there was still an incentive to buy.   Video Clip 00:07:39 However, this incentive no longer exists today. As the mortgage rate has shot all the way up to 6% well above the income potential of the property. And this is a huge deal, everyone because the fact that the mortgage rate now the cost of debt is above the rental profit yield. That means that any investor buying into the 2022 housing market with debt is likely losing money after they rent the house out to a tenant and then pay their lender, which is why way fewer investors bought homes in the first quarter of 2022. And why fewer are buying homes this quarter and why by the end of the year, we're gonna see a big real estate investor sell off, especially in certain cities, cities.   Bill Fairman 00:08:14 Okay, let yeah, let's stop there. All right. So there's a lot to unpack here. First of all, the big wall street landlords that you talked about earlier have less than a 7% market share on single family homes nationwide. So it's really the mom and pops investors. The PE the people that have probably five to seven houses are the ones that have most of the single family homes in the us as investment properties. By the way, they're not losing money because interest rates are going up. They're, they're not buying properties. You're not gonna sell off a bunch of properties because interest rates have gone up because you already have locked in the nice long, low rate mortgages, just because rates are going up. Doesn't mean your're losing money. You wouldn't buy. If your rates are too high, you'd have to buy at a, a lower price.   Bill Fairman 00:09:16 I don't know anybody that is buying single family rental properties in a four cap, a four and a half cap. If, if you're investing in single family homes, you're gonna be at worst a seven or an eight. And again, you're buying off market properties. So in the end, you're probably more at the eight or a nine cap rate in those areas, the, the 4%, four and a half percent cap rates. Those are class, a apartment complexes and self storage type properties. Those are not single family homes. That makes no sense. And he is correct. Those cap rates are way too low, but in my opinion, it's not on single family homes. Okay. Now Brian is correct. One of the benefits of a 6% rate now is that we currently have a 9% inflation rate. So as you're paying these mortgages off over time, you're paying it with dollars that continue to be worth less and less and less.   Bill Fairman 01:10:27 And then your values of these properties will continue to go up and then rents will continue to increase, but you're not gonna buy a property that you're losing money on. So yes, he's correct that the, the purchases are gonna slow down, but there's not gonna be a big giant sell off because those properties aren't losing money. Of course, I'm gonna address that later with some occupancy issues. But then again, there's a lot of tools in the toolbox for that. So the slow down and investor purchases, in my opinion, is not gonna be a crash. We actually need a slowdown in purchases overall, a normalized market. Since the fifties has been three to three and a half percent appreciation, we've been at 1720 or higher in some markets. And that is just not sustainable. Yes, things are slowing down. They should, they need to, in order to have a healthy market, it has to get lower because we can't sustain that type of appreciation. Scott, you wanna go to the next clip   Video Clip 01:11:39 Where companies like progress, residential operate progress. Residential is the largest private landlord in America. They own over 80,000 housing units and they've been very active in buying up single family homes during the pandemic, and then trying to Jack up the rent on prospective tenants. You can see this very clearly on a property that progress residential owns in Phoenix. They bought it for $427,000 in early April paying 200% over the previous sales price. They then listed it at 24 50 a month for rent a sky high rental rate for this market. However, they haven't been able to find a renter and they've been having to cut the rent ever since. And it's likely that progress residential is gonna need to cut the rent even further on this house in Phoenix, in order to attract a tenant, which is gonna be an issue, cuz it means that their income yield and their return is gonna go even lower just as progress residentials cost of debt and borrowing is surging.   Video Clip 01:12:30 Cuz over the last 12 months, we can see that the interest rate progress residential is having to pay on its mortgage back security issuances, which it uses to finance these acquisitions. Well, the interest rate's gone from a minuscule 2.2% in the summer and fall of 2021 all the way up to 5.3% in June of 2022. So this is the explanation for the data we looked at in the beginning of the video that 17% slump in investor home buying it's all related to increasing interest rates and declining profitability. And I believe when Redfin's second quarter investor home buying report comes out. We're gonna see an even bigger crash in purchases, which already is dramatically pushing inventory up in certain cities around America and pushing prices down, particularly in a Metro like Phoenix, where investors have purchased nearly 30% of all the homes on the market. In the last 12 months, I predict home values in Phoenix are going to plummet over the next six months as this investor fire sale takes hold, particularly in certain zip codes to the Southwest, into the west of the Metro where nearly 50% of all the homes in certain neighborhoods are being purchased by investors.   Video Clip 01:13:29 We could see massive paying 20, 30, even 40% price decline. Another Metro that's in the crosshairs is Charlotte. North Carolina, over 30% of home sales in the last year were to an investor and amazingly there's certain zip codes were over 60% of sales were to investors and in just one second, I'm gonna reveal even more cities that investors are gonna crash cuz you folks need to understand.   Bill Fairman 01:13:51 All right. Thank you Scott. So again, a lot here to unpack that specific example of a house in Phoenix is they obviously just paid too much for that house in the first place. And that market is, and I agree that market is slowing down and is overpriced. That's one of the markets where things are gonna slow down, but we need that additional inventory to bring the market back to normalcy again. Okay? Yes. They, they overpaid for that house. It has nothing to do with their, the financing or the leverage that they used. They just paid too much for that house based on the rents. As you can see it, they paid 20% more than it was worth a year earlier. So those are the markets that heated up too quickly. They own 80,000 units. They have, he showed one example of a house that was over bought at the wrong price and they're gonna have to lower the rents.   Bill Fairman 01:14:54 That's what happens sometimes. So you gotta be smarter about your purchasing now on the Charlotte side of things. Yes. There's certain zip codes that have a really high investor percentage of ownership, but these are the markets that people are continuing to migrate to. So I'm not very, I'm not too concerned about that. We still have some upside in the Charlotte market. Now here's the other thing he's talking about a liquidate. These people are gonna be forced to liquidate again. I said that you've already got most of these in place at, at lower rates. You know, you have more tools in your toolbox than just dumping your properties. You don't have to continue to raise rates. You should have had enough margin in there where you can keep your rental rates at flat or even lower it in, in some cases, if you need to, you should have enough margin in there he's predicting and you, you didn't get that part of the, the clip, but he's predicting an inventory surge similar to the crash of 2008, with all these people getting rid of these rental properties.   Bill Fairman 01:16:12 That's going a little over the top. I think because like I said, just now within the last probably six months or so is when the interest rates have gone up, that has nothing to do with the homes that have already been purchased and have already been priced appropriately. Your professional investor is not buying at retail. They're buying at wholesale. They're making sure that they're in it properly and they have good cash flow. The cash flow is going to continue no matter what the economy is, people always need a place to live. If anything would happen where they would have to get rid of some properties, it would be in the multi-family space because that's where most of the institutional investors own their rental properties is in the multifamily spaces, not the single family spaces. So in my personal opinion, I, I don't disagree with the data because he's just using raw data. I disagree with his conclusions. We are not gonna be into a crash. We do need some normality back into our market. What I said was earlier that what we had is unsustainable. It's gotta slow down at some point and it's, you know, market corrections, keep in mind if there's more inventory, anytime there's a downturn in the market, that is more opportunity for you to get properties at a lower price. At this point in the game, you guys should be holding onto your cash.   Bill Fairman 01:17:59 So you can take advantage of these opportunities that come up. It doesn't mean you crawl into a hole and not buy anything. You just have to be. You just have to make sure that the numbers work that's all. And again, you have plenty of tools in the toolbox. You don't have to sell a house because your occupancy drops. You just lower the rents a little bit. Those values on those homes over time are gonna go up. If you're invested in real estate, it's not a short term thing. It's a long term thing. It's just like investing in the stock market. If you're investing into different types of funds, they're all gonna be five to 10 years maximum or minimum investments, rather because of the liquidity nature of real estate. This is not other than your fix and flip. These are long term investments. And over the long term, the history is you're always gonna end up with, with good value in real estate. So thank you guys so much.   Bill Fairman 01:19:02 Lemme see. Do we have one other? No. All right. Thanks so much for, oh, our money is still a good source of funding deals. Yes, sir. Mr. J, that, that's another thing. If, and I'll, I'll leave you with this. When things start to tighten up, you need a network of people that you can get private capital from and it's getting more and more apparent right now as wall street is starting to get a little concerned. A lot of your short term bridge lenders are having a hard time getting securitizations now, and they're not offering the same deals that they did recently. And we'll, we'll do a show on that too. We had a big securitization that happened last week from some institutional lenders that are doing short term bridge loans, like what we do, but you know, they're selling it on wall street as securitizations and the securitization had failed.   Bill Fairman 02:20:02 So when I get some more information on that, hopefully we can add that on the next week's show. Thank you so much for joining us on the real estate investor show hard money for real estate investors. We are Carolina capital management. We are lenders in the Southeast for real estate and investors. If you have a project that you'd like us to take a look at, go to Carolina, hardman.com and click on the apply. Now tab, if you are a passive investor looking for passive returns, click on the accredited investor tab, don't forget the like share, subscribe and hit the bell. Have a great week. Talk to you soon.  

Bill shares how the journey of life left him wanting control over his income. He had an understanding of the loan numbers and learned how the money works as an investor and loan provider. Building relationships and hanging out with people who have done it and are willing to share their wisdom. His biggest success has been in the ability to give back to the community and help others. 8:45 Shortage of houses 12 Housing bubble- normalize- appreciation slowing 15 Find- people can invest in 16:10 Need to surround yourself with people 20:21 Keep a journal 29 Traditional items- appraisal- close in 7-10 days, 10-11% interest 30 Character of borrower credit 38 Gratitude- be respectful of everyone 52 In shore-saltwater fishing 54 Retirement system is broken Check out more of Bill Website: carolinahardmoney.com LinkedIn: /company/carolina-hard-money/ Instagram: @/carolina_hard_money/?hl=en Facebook: /carolina-hard-money Youtube: /UCYzCFOvEt2n9TchgECLwpww Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people. Get our free gift of 11 Hacks from Successful Entrepreneurs @ AddValue2Entrepreneurs.com. Do you struggle with procrastination? Sign up for a 5 day challenge to help you take more action and make more money in your business AddValue2Life.com/action Need some hope? Get your copy of the Dose of Hope @AddValue2Life.com/dose. Follow us at facebook.com/n2rpeterson, instagram.com/n2rpeterson,

From skydiving in Hawaii to upcoming content days, Brigid and Ty briefly look back at their week to highlight "wins". From her struggles to her triumphs, Sam then joins us and gives everyone a glimpse into her zig-zagging journey through the challenging world of business. Fortune favors the bold. Tune in to hear her inspiring story.

Today on Amplify Nursing, we talk with Dr. Julie Fairman, Professor of Nursing at the University of Pennsylvania School of Nursing. Dr. Fairman is a renowned nurse historian who has made significant contributions in studying how 20th-century healthcare issues have influenced current nursing and health care trends. Her remarkable career has sparked a new paradigm for studying the history of health care and health policy, with her current research focusing on the intersection of the Civil Rights Movement. Dr. Fairman talks with us about the nuances involved with studying the history of healthcare, the role of nurses in addressing structural racism and social injustice, and how historical perspectives shape the landscape of healthcare practice and policy today.

How we consume content changes constantly, which means as business owners and marketers, we may have to adapt how we create content . Listen as Mark and Trevor have special guest Sam Hobson Fairman, Founder of Sauce Media Group talk about how to create great content in 2022.

Welcome to The Cool Down Podcast, guest number 25, WTF1 Editor extraordinaire, Katy Fairman. We talked all about her career journey to this point, some of the cr*p she had to go through to get here, and how we felt about incorrectly predicting Ocon beating Alonso... 

Episode 20! We discuss Ciaran's passion for exercise and cancer research, common misconceptions around exercise during treatment, and much more!Ciaran details his research into effective resistant training for cancer participants aged 60-90!For more expert health information like this like, share, and subscribe!DISCLAIMER: The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advicehttps://lnkd.in/gKWWGQVe #nutrition #help #experience #buildingTimestamps: -Intro to Ciaran's start in oncology research -3:33 Can everyone going through cancer treatment engage in resistance training? -7:47 How cancer affects the body and what happens when cancer is present in the body?-16:11 The stats and benefits of resistance training for cancer patients -25:07 Due to his research Ciaran learned and applied to better manage his own health? -28:29 Genetic testing for cancer prevention - similar to what Angelina Jolie underwent-30:04 What can listeners take action on in their prevention of cancer? -32:29 Cardiovascular training or resistance training for cancer treatment and prevention? -33:41 What do runners miss out on by not engaging in resistance training? -34:59 Why runners and athletes don't become slower due to weight training -34:46 What typical resistance training approach does Ciaran use in his research? -40:52 How does Ciaran adapts workout sessions to participants' ability? -42:27 How important is participant psychology in treatment and resistance training?-47:25 The most profound benefits Ciaran notices with participants in his research? -49:59 Can resistance training add years to our lives or add quality to the years-50:56 Ciaran's work with barbells for boobsCiaran's links: Twitter - https://twitter.com/CiaranFairmanPodcast - https://reach.fireside.fm/Email/contact - https://reach.fireside.fm/contactGoogle scholar - https://scholar.google.com/citations?hl=en&user=vULk4MQAAAAJBarbells for boobs - https://twitter.com/barbells_usa#cancerresearch #science #cancer #exercise #cancertreatment #cancerrecovery #resisatncetraining #resistance #exercisescience #exercisephysiology #podcast #healthpodcast #progressionhealthpodcast

Ask yourself, what is truly important? Does it really matter? These things are Doug and  Bill Spoke about. Most of the time we tend to think that things are important and we set aside what's truly important, like having a property and how it can help to generate income or rather having a business that you are so focused on and lost connection to your people and loved ones. At the end of this podcast it helps you to realize what is truly important. Learn more at https://carolinahardmoney.com (https://carolinahardmoney.com) You can find the audio podcast feed athttps://my.captivate.fm/www.TerminalValuePodcast.com ( )www.TerminalValuePodcast.com You can find the video podcast feed at www.youtube.com/channel/UCV5a4QbT-dXhpgb-8HJHdGg Schedule time with Doug to talk about your business athttps://my.captivate.fm/www.MeetDoug.Biz ( )www.MeetDoug.Biz

This episode covers Dave Fairman, who's a filmmaker based in Lansing, Michigan. Dave summarizes himself as a director, writer and editor on his website. He also has a podcast called INDIEfinitive, where he documents his journey as a filmmaker, and has discussions with other individuals in the industry. . The conversation ranges from Dave's current project, to influences, and overall tips he has for other aspiring filmmakers. Dave's website has the tagline “I just like to make stuff. Hope you like some of it.” So be sure to follow the links below to stay updated on the kind of things that Dave's making. . Main website: https://davefairman.com/ . Instagram: @davefairman . Twitter: @davidfairman . Debt (Film): https://debtthemovie.com/ . Aaron Sorkin Filmography: https://letterboxd.com/writer/aaron-sorkin/ . Movers & Shakas Program: https://www.moversandshakas.org/ . Interested in being featured in a future episode? Find Juxtaposed Journeys on PodMatch and request an interview, or send an e-mail to juxtaposedjourneys@gmail.com for further inquiries.

This week, Jenny is joined by her good friend & Head of Fawn's Social Media Team, Sam Fairman. The two talk about their morning routines & how they spark motivation. Sam shares her struggle with anxiety & how she's able to determine the difference between anxiety & intuition. She also gives a life hack on how to stay focused when self-doubt gets in the way. Instagram: @saammwiches @saucecreativeagency @jenny.l.wecker @fawndesign @thatsmyjamwithjenny Websites: saucecreativeagency.com fawndesign.com

Gar is joined this week by David Fairman, Chief Security Officer APAC for Netskope, venture partner for SixThirty, and advisor for Istari Global. He has also been a CSO for NAB, as well as Group Chief Information Security Officer for Royal Bank of Canada and spent time in JP Morgan and Royal Bank of Scotland. David shares his experience and thoughts on the difference in approach and outcome between cyber security and cyber resilience, the creation of a risk aware culture in an organisation and how to fight complacency. Gar and David also discuss zero trust, digital risk vs cyber risk, and the integration of fraud, cyber and physical into a broader enterprise security approach For the latest cyber news and insights head to www.getcyberresilient.com

If you prioritize people and principles over profit, you'll be able to better understand your customers' goals and needs. Join us in this episode as Bill Fairman explains why clients are the number one priority when it comes to lending money. Key takeaways to listen for Ways for accredited investors to invest  How to keep an IRA working Things you need to know with investing in different asset classes Building customer relationship Importance of applying what you learn When you should turn down a deal About  Bill Fairman Bill Fairman is a regular speaker at real estate investor and private lending events around the country, Bill has 30 years of mortgage experience that includes residential and commercial, the vast majority of that time spent in the wholesale space. He has had a unique opportunity to be involved in literally thousands of mortgage transactions, and thus has seen almost every type of scenario play out, both good and bad, giving him a unique depth of experience in the real estate investment space. Connect with Bill Website: Carolina Capital Management Youtube: Carolina Capital Money For Real Estate Investing Podcast: The Alternative Investor   Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com.  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form. Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr

In this episode Grant and Shara (the Five Peaks Team!!) sit down and discuss life, purpose, and following dreams. We also discuss some of the differences between convention and functional health medicine as it relates to treating people holistically as each person has their own bio-individuality. This was a great conversation that sets off the beginning of a regularly occurring conversation centered around the topic of "Holistic Lifestyle" Shara is currently finishing a Masters Degree from Georgetown University on her way to becoming an Acute Care Nurse Practitioner. She is also a Critical Care Registered Nurse and is studying Functional Health Medicine through the School of Applied Medicine (SAFM). You can follow Shara on IG @fivepeakswellnessco --- Send in a voice message: https://podcasters.spotify.com/pod/show/theheroandthehealer/message Support this podcast: https://podcasters.spotify.com/pod/show/theheroandthehealer/support

Wendy is a veteran in the real estate industry, sporting a 30-year career that ranges from an agent, a mortgage broker, and now together with her brother, they currently run a hard money lending fund for residential and commercial projects throughout the Carolinas. Bill Fairman has 30 years of mortgage experience that includes residential and commercial, the vast majority of that time spent in the wholesale space. He has had a unique opportunity to be involved in literally thousands of mortgage transactions. Thus, he has seen almost every type of scenario play out, both good and bad, giving him a unique depth of experience in the real estate investment space.   [00:01 – 05:01] Opening Segment I introduce and welcome our guests, Wendy Sweet and Bill Fairman They talk about how their hard money lending business is fairing in this pandemic [05:02 – 27:11] The Brother and Sister Duo Wendy and Bill talk about their backgrounds They talk about what they do in Carolina Capital Management The story behind their business How hard money lending works They share what it's like being business partners with your siblings The advantages and disadvantages  [27:12 – 35:37] Looking for the Right Partners Are you looking for partners? Listen to Wendy's and Bill's tips for you! Their advice for both active and passive investors [35:38 – 46:48] Raising Capital Improve your skill to raise capital with Wendy's and Bill's advice [46:49 – 51:28] Wednesdays with Wendy Wendy talks about Wednesdays with Wendy Teaching and sharing her knowledge to help fellow real estate enthusiasts  Having the mindset of abundance [51:29 – 56:43] The Contrarian 3-Pack What would you say is the most contrarian investment you've made? Making loans on used trucks What's your favorite activity to do with your friends and family outside of work? Bill: Deep sea fishing with my brother and nephew Wendy: Meditate What actions, whether within work or family, offer you the most fulfillment in life? Our business is our ministry. We have had a lot of opportunities to touch lives with what we do. Get in touch with Wendy and Bill. See the links below.   Tweetable Quotes: “Our attitude is not, you know, we need money from you. It's more like, will you allow us to help you build wealth, and we really approach it from that mindset.” – Wendy Sweet “We know that what we have to offer is helping someone else improve their life.” – Wendy Sweet  “There's plenty of stuff that's outside of your control anyway. All you can do is control the controllables that you can control.” – Bill Fairman    Resources Mentioned: https://www.linkedin.com/company/carolina-hard-money/ (Carolina Capital Management) https://www.facebook.com/groups/124386431440487/ (Sonrisers (Facebook Group))   Get in touch with Wendy and Bill at their websitehttp://carolinahardmoney.com/ ( http://carolinahardmoney.com/). Send Wendy an email at wendy@carolinahardmoney.com LEAVE A REVIEW + help the podcast grow by sharing it with your friends, family, or someone in need. Follow me on https://www.linkedin.com/in/joblanto/ (LinkedIn) or visit our http://contrariancashflow.com/ (website) to know more.   Think Different. Earn Different. Live Fulfilled.

Sam Hobson Fairman is joining us today to chat about the ins and outs of social media and how her failed businesses ultimately lead her to create her own marketing company. Sam runs Sauce Creative Agency, a marketing agency designed to help businesses make the most of social media, along with her own podcast: The Sauce Boss Podcast. She offers so much golden knowledge on her platforms that I just HAD to invite her on to chat. We talked about how she navigated failure in her first businesses, overcoming imposter syndrome, the effect of 2020 on social media as a whole, and making social media the best platform for you personally and as a business. Listen to her podcast, The Sauce Boss Podcast, for free business advice, social media marketing strategies, and much more! Follow along @saammwiches + @saucecreativeagency Submit stories and follow along @sideyewithmadeye. Don't forget to rate and review! Thanks Side-Eye Squad! --- Support this podcast: https://anchor.fm/sideeyewithmadeye/support

Ciaran is an Assistant Professor in Exercise Science the University of South Carolina. His research focuses on the impact of exercise, nutritional supplementation and behavioral interventions on the health and wellness of  individuals with cancer. Ciaran received his PhD in Kinesiology from Ohio State University and recently completed a Post-Doctoral Research Fellowship in Exercise Oncology within the School of Medical and Health Science (SMHS) at Edith Cowan University.   Ciaran is also strong advocate of the dissemination of scientific research to a variety of audiences. He is the founder, CEO, and chief exercise physiologist at REACH (Research in Exercise and Cancer Health), a company designed to provide evidence-based guidelines of physical activity to health/medical professionals and individuals with cancer. Ciaran's Instagram Ciaran's Twitter Ciaran's staff profile at the University of South Carolina The Reach Podcast Ciaran's Website In this episode we cover: How Ciaran got into exercise science and eventually cancer research What is exercise oncology? What physical and mental changes happen during cancer and cancer treatment and how can exercise benefit them? The importance of building physiological reserves for cancer treatment How does prostate cancer treatment lead to muscle loss and what other issues can arise? Why is muscle mass important for preventing falls? Is muscle mass or muscle strength easier to improve in clinical exercise programs and why? The importance of consistent progressive overload and tailored resistance programmes in eliciting the benefits of resistance exercise The reason some doctors are very cautious about recommending exercise programmes The importance and skill of building rapport with the patient's wider care team The complexity of developing an exercise programme for a patient that can have multiple different difficulties from the disease or treatment The need for long term behaviour change to ensure patients continue with their exercise to continue to reap the benefits Helping people find their own motivation that will keep them exercising The value of peer-support and shared experiences in encouraging patients in their exercise How can creatine play a role in exercise oncology? How do researchers actually diagnose sarcopenia? The role that nutrition can play in helping patients during their cancer treatment