Household or industrial appliance for preserving food at a low temperature
Hour 2: Gio is very confident in the Bengals beating the Chiefs. The Bengals defense is awesome and Patrick Mahomes is hurt. Boomer said Mahomes will be significantly compromised. Jerry returns for an update, but first Gio tells us he opened the break room refrigerators and it's post apocalyptic. Jerry goes to check it out and brings back some smelly food. We heard from Aaron Rodgers on the Pat McAfee Show about his future with the Packers and potentially being traded. A young female reporter has a long question for Russell Westbrook. In the final segment of the hour, people were freaking out about Scott Rolen going into the Baseball Hall of Fame. Gio said it means nothing to him and doesn't understand people wasting time on this.
With the cold weather looming, this week we are talking about the greatest meteorologist in town, crisis pregnancies in a post-Roe v. Wade world, Awaken Wichita Falls 2023, and wrapping up our Friending series talking about relational poverty and refrigerator rights. Links From The Episode Jesse Thomas's Facebook The Center To sign up for The Center's Texting Prayer Team just send CenterPrayer to 940-322-4883. Did you miss Sunday? Before you listen to this episode, catch up with our weekly gathering at any of these places: Colonial Website Facebook YouTube Got questions or feedback? Join the conversation by emailing us at email@example.com and don't forget to subscribe and leave a review!
Nate, Kelly, and Chelsea delve into the first breakthrough video game that became available on multiple platforms (like a tiny-screened refrigerator computer) and even spawned the first arcade game! The game: Spacewar! The year: 1962. The fun: Not entirely existent! We discuss this piece of history, some code lore, some sci-fi legacy, and more! Plus, I SEE WHAT YOU DID THERE! Play Spacewar! on your own computer at https://www.masswerk.at/spacewar/ Have a First for us to discuss? Email us at firstname.lastname@example.org or tweet at us @debutbuddiesListen to Kelly and Chelsea's other show, Never Show the Monster.Check out Kelly and Cabe on Thirteenth Depository.Get some sci-fi from Spaceboy Books, including Nate's new book.Get down with Michael J. O'Connor's music!
A Jubal Phone Prank is when our listeners set-up a friend or family member to wake up with The Jubal Show, phone prank style. Today a woman is being set up by her husband because their frigerator is broken and it is under warranty, but they have been having trouble getting a new one! So to help, Jubal Fresh is calling from the warranty company to tell them a new item is being delivered, but it it may not be what she thinks!Leave a rating and review wherever you listen. It will help the show out in a big way. If that's not your thing, you can find us on social media here:https://instagram.com/thejubalshowhttps://twitter.com/thejubalshowhttps://www.tiktok.com/@thejubalshow
Consalvi (the Horror Queen) joins the boys to discuss the follow-up to her favorite graphic novel “Basket Full of Heads” with Rio Youer's “Refrigerator Full of Heads”. How will the sequel stand up to the original? Tune in and find out!
The biggest problem the children of Israel had in the wilderness was not their lack of faith that God could do great things. It was their inability to trust that He would take care of their personal needs. A recent experience exposed this problem in my own life, and I think Christians should face this reality. With all our faith in the greatness of God, there is still something in us that does not trust that He will meet our needs. This new year let's see that change and learn to trust Him with all our hearts. Show Notes: During the Feast of Tabernacles this year two recent messages became very meaningful for me personally. These messages are a blog titled “Do You Trust Him?” and a study guide titled “Do You Trust God's Motivation?” Both messages are available on this website, and I encourage you to read them. As I was reading these messages, something happened that made Tabernacles come alive to me. My refrigerator broke at a crucial time and there seemed to be no way to fix it. “What does a broken refrigerator have to do with Tabernacles?” you might ask. At Tabernacles we remember how the children of Israel saw God do many mighty things as He delivered them out of Egypt. Once they were in the wilderness, however, they had a big problem with God. And that problem was not their lack of faith in His power, it was their inability to trust that He would care for their simple daily needs. A broken refrigerator made me face my own need to trust God on a personal level. As Christians, as believers in Yeshua (Jesus), we have seen God's great salvation and deliverance in our lives. We have faith that God is able to do all things, yet there is still something deep in our spirits that does not trust Him to take care of the little things in our lives. This year I want God to take out of me every inability to trust Him even in the simplest ways. Key Verses: Deuteronomy 1:26–35. “But for all this, you did not trust the Lord your God.” Numbers 14:11–12. “How long will they not believe in Me, despite all the signs which I have performed?” Psalm 95:7–11. “Your fathers tested Me, they tried Me, though they had seen My work.” Hebrews 3:6–11. “your fathers tried Me by testing Me, and saw My works for forty years.” Hebrews 4:1–11. “Therefore let us be diligent to enter that rest.” Proverbs 3:5–6. “Trust in the Lord with all your heart and do not lean on your own understanding.” Isaiah 26:3-4. “Trust in the Lord forever, for in God the Lord, we have an everlasting Rock.” Matthew 7:24. “Everyone who hears these words of Mine and acts on them, may be compared to a wise man who built his house on the rock.” Philippians 4:19–20. “My God will supply all your needs according to His riches in glory in Christ Jesus.” Quotes: “Every time we fail by not trusting, I think we invoke the Lord's anger towards us as Israel did.” “We still exist in the place where we need to enter God's rest, and we enter God's rest through our ability to trust in Him with all of our hearts.” “I know we have faith in the Lord for the big things. But going forward I want to trust Him that He supplies all of my needs in everything that I face, that it's He who leads my path.” Takeaways: He provides the fire by night to keep us warm. He provides the cloud by day. He provides the water, the food, the covering, the shelter, the defense—all that we need. But it is born out of our ability to trust Him. This year, in all the difficulties we are beginning to face in the world, we need a rock to build our house upon. We need not to be moved by the things that will come against us. And that is born out of trust in the Lord. Lord, Your Word states that we are to trust You with all our hearts and not lean on our own understanding. Let this be the focal point of our lives this year. We trust You to provide it and create it within us.
A light news week sees some nostalgia for a late 90's DC book, that jumped to Dark Horse and may be jumping to Image? Plus, what was the most read single issue on DC Universe Infinity? You might need that for 2023! What we read last week, what we're looking forward to this week, the […] The post Longbox Heroes episode 638: the Talk to the Refrigerator Bowl appeared first on Longbox Heroes.
In this episode, Nate and Justin discuss ways that Tina could modify her food environment to keep moving toward her health goals. They also discuss the tricky aspect of social determinants of health and how that may (or may not?) hamper our efforts to help patients achieve healthy lifestyles.Share your reactions and questions with us at Speak Pipe . We might feature you on a future episode!=== Outline ===1. Introduction2. Chapter 1: Food Environment3. Chapter 2: Social Determinants of Health4. Chapter 3: Concluding the Nutrition Series5. Conclusion=== Learning Points ===Setting up an environment for success and encouraging new habits are the most important strategies for success in changing eating patterns. While it's important to understand the effects of social determinants of health, our patients are resilient in enacting change and should not be underestimated. Many fad diets and trends exist within mainstream cultures. At the end of the day: point patients to an evidence-based lifestyle (such as eating a whole food, predominantly plant-based diet).Time within the office is limited. Provide patients with brief, targeted teaching while they are within the office, and additional resources for patients to explore after the visit.=== Our Expert(s) ===Dr. Justin Charles is a graduate of the Yale Primary Care Internal Medicine Residency Program.His clinical interests are in Lifestyle Medicine, the use of evidence-based lifestyle interventions to not only prevent, but treat and reverse chronic disease from a root cause perspective. He has received training in Plant-Based Nutrition through the T. Colin Campbell Center for Nutrition Studies and eCornell, as well as Dr. John McDougall's Starch Solution Certification Course. === References ===Re: similarities between processed foods and “illicit” drugs: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4334652/ Re: our environment being obesogenic: https://www.sciencedirect.com/science/article/abs/pii/S0091743599905856 Structures being a fundamental cause of disease: https://www.jstor.org/stable/2626958 Re: systemic solutions mentioend at the White House Conference: https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/28/fact-sheet-the-biden-harris-administration-announces-more-than-8-billion-in-new-commitments-as-part-of-call-to-action-for-white-house-conference-on-hunger-nutrition-and-health/ *For additional resources discussed in the episode, check out our transcript!=== About Us ===The Primary Care Pearls (PCP) Podcast is created in collaboration with faculty, residents, and students from the Department of Internal Medicine at the Yale School of Medicine. The project aims to create accessible and informative podcasts about core primary care topics centered around real patient stories.Hosts: Nate WoodProducers: Nate Wood, Helen Cai, August AlloccoLogo and name: Eva ZimmermanTheme music and Editing: Josh OnyangoOther background music: Dan Henig, Bobby Richards, Asher Fulero, Jesse Gallagher, VYENInstagram: @pcpearlsTwitter: @PCarePearlsListen on most podcast platforms: linktr.ee/pcpearls
While talking about OLD PSAs that used to run when we were kids, Twitch brought up the ones where kids would get stuck in refrigerators... Why did we think that would happen??? See omnystudio.com/listener for privacy information.
Segment 2 – Why Sell Your Home As A Certified Pre-Owned HomeBarb, many home sellers fear the inspection. Many people think most buyers want to purchase their home as it is. What are some of the High-Cost Home Inspection Traps you come across selling homes?• Buyers want to buy – but in most cases NOT as is• Most sellers assume their home is selling AS-IS Not a time for UPGRADES but Buyers want broken things repaired• Home Sellers Become Really Frustrated with last-minute re-negotiations based on the home inspectors' findings.33 Physical Problems that come under scrutiny, with the inventory low, most buyers are stating they will not ask for cosmetic issues and will focus on major systems, health, and safety.Colorado does NOT require a license to be an inspector.Sellers HATE seeing Buyers Walk Away over “INSPECTION” AND NOT SAY WHY. Gives the Impression of Buyer's Remorse vs any real inspection issue.The high-cost things include:• Roof replacements – particularly high deductibles• Furnace replacements• Electrical panel• Structural stuff can be really costly• Sewer and Septic RepairsSome pre-planning with a great real estate agent can help go you ready to sell worry-free• TOP MECHANICAL SYSTEMS THAT COME UNDER HOME INSPECTION SCRUTINY:1. Mechanical Systems:• HVAC – clean and service furnace• Water Heater – check permit history, building code has changed2. Electrical • GFCI issues• Federal Pacific Panel3. Plumbing• There are often hidden things you may not see, it would not hurt to get your home pre-inspected• Stopped Up, slow leaks4. Appliances• These should be functional• Refrigerator, washer, and dryer are considered personal property. Makesure you offer them ‘as-is' as a courtesy rather than getting hit with repair requests.• Most people's ice makers don't work correctly!• MORE TOP MECHANICAL SYSTEMS THAT COME UNDER HOME INSPECTION SCRUTINY4. Sewer:• If the home does not have a sewer cleanout…• Had inspectors pull toilets and not replace seals• Run sewer scopes through inappropriate lines5. Septic• Can be VERY COSTLY• Most counties require an Inspection prior to the transfer of ownership – Why? The health of the Ground Water• Steps Have a Septic Inspect• If it needs repairs we have some trusted referrals that can save you thousands!• Once work is done apply on County health for transfer5. Roof Issues• Could be very costly or not! – Rifle Story• Tile Roofs – Cliff Point Story• Roofs with Solar Panels• Could be the cost of your deductibleWe are talking about Barb's Why Home Sellers Should Sell Their Homes As Certified Pre-Owned Homes. Barb, what are some other home inspection issues that come up?6. Decking / Broken Flatwork:• These could be a safety issue• Wood takes a beating in this climate• Much of these can be repaired.• Lately buyers are asking for broken concrete to be repaired. Not required by the lender unless it is a trip hazard.• Contractors say concrete will crackYou are listening to Barb Schlinker of Your Home Sold Guaranteed Realty, if you are thinking of making a move call Barb at 719-301-3900 or visit BarbHasTheBuyers.comWhen we come back we will be discussing: The cost to Sell My House Calculator#realestatevoice #barbschlinker #coloradosprings #yourhomesoldguaranteedrealtycolorado #barbhasthebuyers
What would you do, if you had a chance to do it all over again, to be, 17, again..-Would you rather have the first name Refrigerator or have the first name Dishwasher?-Would you rather float like a butterfly or sting like a bee? -All or Nothing-Would you rather experience the events of 13 going on 30 or 17 again?
Descriptions- EXPAT FILES SHOW #1199 FRI, DEC 02 (12-02-22) #1- Fake News the media pushes about Latin America that you should be aware of: The 1st world media fools push a lot of fake news about Latin America and most Americans swallow it hook line and sinker… except those Americans who live or have visited south of the border a good lo9ng while (as more than sun and fun tourists). #2- A word about ridiculous car, appliance and manufactured products prices in SOUTH AMERICA: Prices of cars and most imported an locally manufactured items in SOUTH AMERICA (like Refrigerator's, TV's, PC's and phones) can routinely be TWICE the price of the very same items when bought in the states or CENTRAL AMERICA. Today we explain why SOUTH AMERICAN's get gouged and don't even know it (they think it's normal) #3- A Boomer chimes in about having a “Plan B” on steroids: #4- Tips on selling a car in Latin America along with 10 ways to kill the resale value of that car: #5- Do you want to get into the exploding Crypto-currency world but don't feel quite confident enough to dive in? Our own Captain Mango has developed a unique one-on-one Crypto consulting and training service (he's been deep into crypto since 2013). To get started, email him at: email@example.com #6- Be sure to pick up my newly updated, "LATIN AMERICAN HEALTHCARE REPORT": The new edition for 2022 (and beyond) is available now, including the latest "Stem Cell Clinic" info and data and my top picks for the best treatment centers for expats and gringos. Just go to www.ExpatPlanB.com and click on the "Latin American Healthcare Report”.
Stochastic terrorists won't stop us from saying things Apple won't let us publish in this text field. Find us everywhere -------- Subscribe to our Patreon for as little as $1 a month and get a whole extra episode each week! Check out our links! Redbubble PDG Signal sticker pack vol. 1 Dolphins & Garages Signal sticker pack vol. 1 Leave us a voice message! Follow the hosts on Twitter: Zach Kelton Edited by Denis RPG music by Rose Azerty
This episode covers a pair of stakes races this weekend at Lone Star Park. Headed by the Refrigerator with horses like Instygator, Jess My Hocks, Midday News and others. Make sure you check out my preview for the Louisiana Million Trials from earlier in the week. Thanks for listening --- Support this podcast: https://anchor.fm/twentyoneseconds/support
Declutter and Organize Your Home on day 18 of THE 2022 HOME ORGANIZING CHALLENGE! If you don't clean out your refrigerator at least once a year, there are going to be some expired items taking up valuable space. It's time to take back that space. Today we are decluttering the fridge! The 2022 Home Organizing Challenge is here! We are organizing a different area in your home each day for the first 20 days of 2022. These are the perfect projects to tackle before the holiday hustle begins. Listen daily on The Intentional Edit Podcast for tips and strategies on how to successfully declutter and organize the space of the day and be sure to follow along on Instagram @intentionaledit to see how Lauren has all these areas organized in her home. Be sure to screenshot the 20 day checklist and share your progress as you complete each daily project. It's the perfect time to begin purging and organizing your home! Sign up to receive more details about the 2022 Home Organizing Challenge here. Get the checklist for the 2022 Home Organizing Challenge here! ********** SALE on Simplified Home Masterclass - 10% OFF - Enter Promo Code at Checkout = 2022HOC10 Code is good 11/20/22 through 11/22/22 Sign Up for the Simplified Home Masterclass here & use code 2022HOC10 for the discount Get the details here for the Simplified Home Masterclass! ********** Make sure you subscribe so that you never miss an episode of The Intentional Edit Podcast. If you are struggling with daily tasks, clutter, organization, and finding any sort of work/life balance, The Intentional Edit Podcast is for you. It's time to stop the chaos and create a life you love by implementing systems that put an end to the overwhelming, unorganized parts of life and finally, bring simplicity to your life and home. Now is the time to say goodbye to overwhelm, get organized and create systems so that you can live your best life at home and beyond. Simplify your life and home by creating routines, maximizing systems and decluttering! Meal Planning - https://www.intentionaledit.com/mealplanningcourse/ Simplified Home Masterclass – https://www.intentionaledit.com/simplified-home-masterclass/ 1:1 coaching with Lauren – A custom plan just for you! Topics include decluttering, organizing, time management, home routines & systems, daily/weekly schedules and more. https://www.intentionaledit.com/coaching/ Connect with Lauren @intentionaledit on Instagram, Pinterest, Facebook and TikTok Join the NEW Facebook group for The Intentional Edit Podcast Listeners – Declutter, Organize & Create Systems to Simplify Your Home & Life https://www.facebook.com/groups/1812445665608486 Everything is here – www.intentionaledit.com
The guys hit on a lot of topics starting with a nod to National Clean Out The Refrigerator Day and what's left in their golf bags after the season. The guys also discuss wins by Tony Finau on the PGA Tour and Tommy Fleetwood on the DP World Tour and the future of LIV Golf and how it will look in 2023. The contract non-renewals of familiar broadcast voices Roger Maltbie and Gary Koch is also discussed and what the best broadcast teams are across sports.
It's National Clean Out Your Refrigerator, Raisin Bran and Recycling Day. By the way, what was it that Barry saw outside the grocery store that stopped him in his tracks in the parking lot?
Steel is everywhere. And it's soaring to new heights on the demand for steel. The uses are vast, including: Automobiles. Aircraft. Construction. Refrigerators, washers and dryers. Surgical scalpels. Another beauty of steel is that after its recycled, it doesn't lose its strength ... and it's cheap to make. Using our Stock Power Ratings system, I found a company that produces and recycles steel for global consumption: It earns a “Strong Bullish” 97 out of 100 on our Stock Power Ratings system! The company raked in record revenues in the last quarter. The stock is trading at a new 52-week high. Listen to why this company is in line for more gains in the future. The Stock Power Podcast Be sure to subscribe to our https://www.youtube.com/channel/UCt9RDMMAOPBAIWODmDGactQ?sub_confirmation=1 (YouTube channel) for more videos. Have something you want us to talk about? Email Feedback@MoneyandMarkets.com and give us your thoughts. Check out https://moneyandmarkets.com/ (MoneyandMarkets.com) and sign up for our free newsletters that deliver you the guidance you need to make money — no matter what the market throws at you. Also, https://twitter.com/InvestWithMattC (follow me on Twitter).
Before you spend a fortune on a new fridge, see if your old one can be repaired! Honolulu Appliance Repair Pro (808-518-2966) offers affordable repairs for household and commercial refrigeration units. Go to https://honoluluappliancerepairpro.com for more details.
In this spooktacular edition of the Calm Down podcast, listen as Erin and Charissa talk about their new “television” finds, Erin expands on her Lindsay Lohan “Mean Girls” moment from this week's Pregame when she went as a bunch of grapes for Halloween, and Charissa cleans out the refrigerator.See omnystudio.com/listener for privacy information.
Shane and Pat are keeping things cool, calm, and collected on todays episode as the boys appreciation none other than the invention of the refrigerator! Refrigerator? I barely know her.
If you're sick of hearing appliance technicians say “we don't do that brand”, contact Honolulu Appliance Repair Pro (808-518-2966) - the team will send factory-trained technicians to repair every make and model you can imagine. Go to https://honoluluappliancerepairpro.com/oahu-appliance-repair for more information.
Soooo I am doing things a bit different this time around! I've had five amazing men on here who are also amazing husbands and fathers. When they came through the first time to talk about their story, one of the things they all spoke on was their marriage and their love to their wife. So I had this idea to have these men on again BUT with their wife this time! I thought it would only be fitting to put a name with a voice. This episode is the first of a 5 part series! If yall remember my boy Brandon who was on episode three, he spoke so highly of his beloved Ebony. I've only met Ebony a hand full of times but she's an amazing woman, she has to be to put up with Brandon lol. She graced us with her presence this week to talk about her life before Brandon, her perspective on marriage and how her and Brandon had to learn to work together through some obstacles thrown their way. Listen and be inspired!
Our kitchen appliances are one of the biggest investments we make in our home. Where these appliances are placed in the kitchen helps to determine their utility and value to the homeowner, especially to older adults. In fact, the types of appliances and where they're installed ultimately determine how smart, functional, and accessible a kitchen is. Many of the new designs for appliances from top manufacturers also help to make the kitchen stylish and beautiful. Let's explore what appliance features are at the top of the list when it comes to accessibility and function for the refrigerator.Samsung Family Hub RefrigeratorFrigidaire with Adjustable Freezer Drawer Cafe French Door Smart Energy Star RefrigeratorBlog Post: https://homedesignsforlife.com/2022/10/18/the-benefits-of-a-smart-refrigerator-for-seniors-at-home-2023/ Support the showhttps://firstname.lastname@example.org
In a rare display of bipartisanship, the U.S. Senate voted 69-27 in favor of ratifying a key international climate agreement aimed at curbing global warming. The Kigali Amendment to the Montreal Protocol, which has been ratified by 137 other countries so far, ends the use of climate-warming hydrofluorocarbons that are 1,000 times more potent than […]
'The Evening Edge with Todd Hollst' is heard exclusively on 1290AM and 95.7FM WHIO, Dayton.
Chris and Rob provide up-to-the-minute analysis of the first half between the Las Vegas Raiders and the Kansas City Chiefs, explain why the Green Bay Packers should try to trade for Panthers wide receiver DJ Moore since all signs point to a fire sale in Carolina, and take the refs to task for botching yet another roughing the passer call in Monday night Football. Plus, The Volume's Voch Lombardi swings by to discuss what the Dallas Cowboys need from Dak Prescott upon his return, why it's so important for both Ezekiel Elliott and Tony Pollard to remain involved in the offense, and much more!See omnystudio.com/listener for privacy information.
Join us for Episode #43 of the Last Call Trivia Podcast! To warm up, we dive into a round of general knowledge questions. Then, we're flexing our brains with a fun round of Common Bonds Trivia.Round OneOur show kicks off with a Children's Book Trivia question that challenges the Team to name the Dr. Seuss book based on its first line.Next, we have a Military Trivia question about a rare honor that was bestowed upon a famous American general.The first round concludes with a Movies Trivia question about a 1941 film that inspired two different rides at Disneyland Park.Bonus QuestionToday's Bonus Question takes us back to Disneyland, as referenced in the Movies question from the first round.Round TwoIn today's theme round, we're diving deep to find connections between everything from appliances to video game characters. We've got ourselves a round of Common Bonds Trivia!The second round of questions today are all in the same category of Common Bonds, and first up, we challenge the Team to identify the Mortal Kombat playable fighter that shares their name with a luxury refrigerator brand.Next, we have a question about a fictional spaceship that shares its three-word name with a phrase for a kind and generous person.Round Two concludes with a question about the word for a small settlement that also refers to the name of the source material from which The Lion King was adapted.Final QuestionWe've reached the Final Question of today's game, and the category of choice is Television. Grab a spot on the couch and let's do some binge-watching!The Trivia Team is given a list of five spin-off reality shows and asked to identify whether or not each of the titles named is an actual show.
This week we're asking whether your average 2022 refrigerator can outlive an Emperor Penguin. We also discuss how old the average car on the road is. Featuring: Jacob Ammon, Ethan Ammon & David Eventov Reach us on social media and let us know your thoughts! Please DM us with any good stats/numbers you find! Follow us on Instagram: Stat Rats, Jacob, Ethan and David
In hour three, Hoch wants more information out of Solana about a McDonalds Chicken Sandwich rug that was sent to his house. The young kids are cooking their chicken with NyQuil. Plus, a special addition of Talk About It Tuesday with Roy Bellamy of Meadowlark Media.
Essential Info About RV Refrigerators is the topic of Podcast 413. We interview Todd Henson from the National RV Training Academy. Do you have a compressor or absorption refrigerator? Find out all about the types and challenges for both for today's RVer.
P-Town isn't going to know what hit them. Chicago's best morning radio show now has a podcast! Don't forget to rate, review, and subscribe wherever you listen to podcasts and remember that the conversation always lives on the Q101 Facebook page. Brian, Ali, & Justin are live every morning from 6a-10a on Q101. See omnystudio.com/listener for privacy information.
The refrigerator mother theory is that a lack of maternal warmth causes autism. Current research indicates that genetic factors are suspected in the cause of autism. By F Guzzardi --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/hhmedia/message
Pete Neubig is a realtor who focuses on investment properties. Pete has been investing in real estate since 2001. He has owned and managed a 39, 52, and 100-unit apartment complex. He currently owns single-family homes and a 52-unit apartment complex. Pete created a property management company based on the motto "By investors for investors". His property management company has clients from Houston and all over the world. His technology-based systems allow owners to see everything that is happening at their property without having to be involved. Tune in for today's episode where Pete talks us through some of the mistakes that he made as an investor and how he's doing things differently today. Episode Link: https://www.vpmsolutions.com/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me, I have Pete Neubig who is a real estate investor and CEO of VPM solutions and Pete is going to be talking to us today about some of the mistakes that he made as an investor and how he's doing things a little bit differently today than maybe your typical investor. So let's get into it. Pete, what's going on, man? Thanks so much for hanging out with me today. Appreciate you coming on. Pete: Michael, thanks so much for having me, I'm really looking forward to it. Michael: No, me too and so before we hit record here, you were telling us about the three different lives that you've lived. So you are a super interesting guy. Needless to say. So for anyone who hasn't heard of Pete Neubig before, give them the quick and dirty rundown of who you are, where you come from, and what you're doing in real estate today. Pete: Sure. Well, real quick. Let's see, I'm from New York City originally, I moved to Texas in Houston back in 1995. So I have a gun. So I guess I'm a Texan now. Michael: Give me one when you move to the state, like I think… Pete: They give you a cowboy hat, a gun in some boots, you know. So I started buying real estate in 2001 when I bought my first property, actually, I bought a duplex and a single and a a 100 unit apartment complex like same day, like I closed on the same day, I ended up owning bunch of property that I ended up starting a property management firm and I got so busy doing that, that I stopped buying real estate for a while just to build the investment, the property management business, I ended up selling the property management business and now I started a an online platform. It's a virtual property management solutions or VPM solutions where we connect the real estate industry with virtual talent around the globe, so… Michael: That's so cool. Pete just taking a total step back to say you're from New York now living in Texas, do you remember like I don't know in the late 90s, early 2000s there was that pace salsa commercial where like all the cowboys were sitting around like, where's that guy from New York City, New York City? When you say that, that's like the first thing that I thought of like, oh, hey, salsa commercial. Pete: And I still can't say y'all correctly I get I get I get yelled at all the time and I'm down here saying y'all, so… Michael: Y'all with the New York accent, I love it, I love it. Well, you did you I mean, this is a really cool trajectory that that you've ended up on and I would love to focus on kind of the first stage of your investing career where you own a bunch of rentals and again, we were chatting before we hit the record button, and you were saying that you had sold a bunch of them off, and then actually paid off some of the remaining ones. So walk us through, you know, like, why because I think I think a lot of people would be like, oh, that's stupid, like, what is Pete doing? You gotta have leverage. That's how you juicy return. So, you know, walk us through how you built up the portfolio and then why you decided to sell them but then keep some free and clear. Pete: Sure thing. So I started buying on my own first right so I own like 12 I think it was like duplexes. I was for some reason I was love duplexes. I think most people would say, well, it's the cash flow, right? Duplexes, have a great cash flow and I was always looking at just cash flow and I think if I go back in my, in my investor life, I can tell you, Michael, I've lost so many millions of dollars by not buying houses with very low cash flow, because I forgot about this thing called appreciation, right? I wasn't buying cash flow, right and my goal at the time, I was a young man, I was early 30s, like 30-31 when I started buying, my goal was to get enough cash flow so I can just leave my corporate job. That's kind of what the way I was thinking. So I buy a bunch of properties and then I get I get talked into being a passive investor for 100 unit apartment complex and I told if I buy one apartment complex, I can retire right? So I'm like, oh, great, you know, monopoly, I'll buy a bunch of houses, sell them and all that good stuff. Well, it just never materialized. I was buying lower income homes and if anybody knows the lower income homes a cash flow is really just on the sheet of paper. It's not it's not true returns unfortunately, because there's little things like you know, the evictions or you know, not getting all the rent and in the make readies are not a couple 100 bucks or a couple of $1,000 because people in low income they take what's called parting gifts. You know, they take your AC, your doors… Michael: Your goodie bags, you know… Pete: Yeah, good. Yeah, exactly. Exactly. So, so I ended up connecting with a business partner named Steve Rosenberg, who he's kind of a a national speaker now but Steve and I ended up finding his guy who is offloading a lot of his portfolio. So we thought this is great and we ended up buying like 30 houses and we were both enamored with buying property. But we didn't had no idea what to do once we bought them. Like we were terrible and how to manage them. So what happened was… Michael: Pete was this was this local in New York or local in Texas, there was this remote? Pete: Yeah, great question. So I was, I was, I had lived in Texas at the time, we're buying everything in Houston. I there was no such thing as Roofstock that we knew have to go buy stuff in other areas and back in the early 2000s, the average price of a single family home in Houston was like around 130. I was buying it for 35,000. Like, lower low income houses. Yeah. Michael: But not have roofs, like, what's the deal? Pete: Man, they were just in low income and today, those houses are now worth about 150, right, 20 years later, and I was buying them at 35 and they were worth 50 to 55,000. So I was buying them below. But I just found an investor who wanted to offload stuff but he was offloading me all his problems, right and if you don't have good management, behind you, if you have a good management company, by the way, it's really difficult to manage these low income stuff. It just is because they don't pay online, they don't abide by the lease, they have dogs, when they say they're not going to have dogs, all that all this stuff that you have to deal with. It's just difficult and so Steve and I, we ended up buying 31 homes. So now I have 31 homes, and we advertise bad credit, okay, no credit, okay, like you have you have a pulse and $1 will, we're gonna let you in the house and of course, that comes back to bite you to the point where not only are we not making the cash flow that was projected, but we're losing money at the end of the year, now I have to come in and pay for my taxes and my insurance and so now I'm working even harder at my nine to five than I did and I'm working hard to manage these properties. But all of a sudden, this this like, dream that you have is becoming a nightmare and so, you know, caution, number of cautionary tale number one for your listeners is buy absorb, right, and then buy some more like don't just keep buying if you can't manage the assets, or number two is go find a professional management company that will take your properties. My problem was I had my problems was so low, I couldn't get a professional management company to take my properties. The manager companies know how hard they are and I'm like, Well, I'm gonna give you 25 They're like, Yeah, great. Keep it like, we want to charge you more. So I ended up creating the management company with Steve so we can manage our own properties and so there's been two there's two things, the two big instances that happen in my investing life that has propelled me to pay off properties, right. So let's get to your question. The first thing was I bought all those properties, and I wasn't making cashflow, right, but I had to pay the note every month, right and at the end of the year, now I'm getting in tax and insurance. And so there was no cashflow there and there's no appreciation I just told you it took him 25 years to get that double or triple of appreciation. So I own these properties for 10-12 years for 35,000 and they were worth like 45,000 right 50,000 I told you I got equity, but that nothing ever increased. So when that when the banks are coming and asking for their money, and I gotta go work a double because I need more money, or I gotta go sell off stock because I got to. So that that was something that kind of made me realize maybe I want to be the bank myself, or maybe I don't want to owe the bank so much money. So that was the first thing. The second thing was, I ended up buying that 100 unit apartment complex that I told you about and that 100 unit apartment complex. I am still today friends with the lead investor, he's a good guy, we just had a bad plan. We lost the apartment complex. Now I was a passive investor and now here's cautionary tale number two for your investor listeners. If you're going to be a passive investor, make sure that you either A have an attorney you trust or be read the documents yourself. So I was a passive investor, but I was legally on the hook for with my credit. So I personally signed the note. Yeah, I see you I see you if you for those of you not look, for those of you listening and not watching the video, Michael's jaw just dropped, right and so and then what happened was because the plan was bad, we couldn't we couldn't make a payment and so the bank led us to believe that we can restructure our debt. Well, they ended up having somebody that would buy the debt would buy the property from under us. So they foreclosed on us and sold the property for more than what we owed, which in normal cases, you think that's fine. I owed 1.1 million they sold for 1.5 million. I should be off the hook. Well, there was a little checkbox that said no, if they foreclose on me regardless how much they sell, they can sue me for that amount. So I got personally sued for one point $2 million. Oh my god all because now I will tell you this, I paid a mentor and I paid an attorney. Before I got into that deal thinking I covered myself, I got a guy who's done a bunch of apartment complexes, I have an attorney, they just missed that. They just missed it, the mentor wanted to deal to get done because he was the broker on a deal. So it really was it wasn't aligned. You know, are you know, of course, at the time, I was like, get the deal done. But he needed to protect me from myself at that time and so when you owe, so long story short, I ended up selling. I had a six unit apartment complex that I sold, made 30 grand, and I actually was able to, to pay $30,000 to make the lawsuit go away. So the bank knew that what they were coming after me, they knew that they didn't really have a good case because they made their money. So they just wanted their attorney fees paid for but that put the fear of God in me to be quite honest and so I vowed that I don't want to ever be over leveraged, right and so of course, Kiyosaki talks about other people's money and every you know, rich, Guru, Rich Dad, Poor Dad, guy, every guru out there will tell you, if you can borrow 110% borrow 110%. Well, back in the early 2000s, you were able to borrow 110% I don't know if you remember and so I did that, right now. I was fortunate that I was able to overcome when the properties weren't making any money because I had a job. But if you are again, a cautionary tale number three, if you are a full time real estate investor, you cannot survive when you when your cashflow negative, it's very, very difficult, and you have to sell off assets. But if the assets are worth less than what you owe, that's a challenge. So when I got into property management, I realized pretty quickly that people will manage Class B homeless people will buy and rent Class B homes, I always had this mindset that people will only manage or rent Class C or D homes. I'm like, no one's gonna pay $800 in rent or $1,200 in rent, and go buy a property, a nice property and have $1,200 on my mortgage, right? Like it was a mindset thing and so another tale is if you're an investor, don't you don't try to buy anything that you would live in you. Other people will live in stuff that you like, why would they rent stuff when I when you can buy something? So when I found that aha moment, I pivoted and I hired a property manager. Finally I was trying to property manage and I was terrible at it. Like, I'm like, I had to hire a property manager. First day she comes in, she goes, okay, we're gonna fire half your clients, this tree store, we had 67 doors, 30 of them were mine. She's like, we're gonna fire half your clients, because those houses are in are in a low income area. They're not worth managing. We're gonna pivot, we're gonna get these Class B homes. Oh, and by the way, you need to sell off your homes. We're not managing your homes either. So you know what I said, You know what, I've been trying to make this work for so many years and are every year I'm coming at the end of the year, I gotta pay money. Now I quit my job to start my property management firm, which by the way, I was making $105,000 a year now making $12,000 a year am I okay? These properties, they can't be an albatross around my neck. So I sold a bunch of homes. So I had, I think 31 of them and 25 are in kind of the lower income area and I couldn't get rid of some of them. So I owner financed them and that was when I had an aha moment. So I was able to wrap the note, I had a very good, I had a local bank and I had a very good relationship with a local bank, and they allow me to wrap the note, right. So basically what that means is I've sold the property to you Michael, right. But I still own the property, you pay me 10% 20% down, you're gonna pay me a mortgage, and then I'm gonna pay the bank, the mortgage, and I get the spread. Yeah, the first time ever that those properties made me money. Michael: Wow, okay. Were you able to sell them for much more than you paid for him? I know, you said there wasn't much appreciation. Pete: No appreciation. But remember, I did have equity. So I sold them for like 50,050 to 55,000. I bought it for 35,000. So I was able to make money that way but if you think about it, I lost so much by owning and by doing the rehabs that I kind of broke even. Okay, it's great. Like, I'm able to be on podcast now. Tell that story, I guess. You know, it's the school of hard knocks, right? That's it. So college is way more expensive than that, by the way that just took me a lot of time. I ended up breaking even and making a little bit of money on it. But what happened was so when I when I started my property management firm, I don't know if you've ever started a business from scratch, Michael, but it is not easy, right? I didn't I didn't build it. I didn't buy somebody else's business, right. I built it from scratch and, you know, it's at 90 hour weeks. It's every day, you know, and so I got away from the investing thing. So I sold off my assets at a 52 unit that I sold office well took a bath in there, investors lost money. So I don't like multifamily. I can just tell you that much. I know you do. I've listened to some of your stuff. But we could debate that on another pod. A lot of fun things off. So when I, when my property management firm seven years later started becoming like I was working now five hours a week, 10 hours a week, I started getting back into buying investment properties. So I was able to find and a bought a couple of properties for about $120,000. It's called Baytown. So it's a little bit it's like a Class B, B minus area, blue collar, I like it gray area of town in Houston to buy in, because there's a lot of renter's there, but I started buying them and I started buying cash. So of course, you have to have the cash, right. So I had some cash I was able to buy in cash and so all my other properties that I did keep, I kept paying those down, and I have those in cash. So today, instead of 31 non producing properties, I have eight properties, one of them is paid for, and I own the note. So I sold it, I did an owner financing sell and I make more money on that property now than I ever did when I rented it out. I have three others that are paid for three or four, four others that are paid for and then I have four others that have a note on them. With the four that I bought the last four, I bought a boat with a note, it was one of those commercial loans. Package note, I had to put 30% down I did, I bought them in January of 2020. So right before the pandemic, there I bought it for 535 from a California investor he was done. We I gotta because I own the management company. So before I went on the market, I made him an offer and so I got him for 535 they appraised at 640 and I put 30% down and they kept they cashflow beautifully and I have I have a small note and now if I want them to sell one of the houses, I can take it out of notes, sell it pay the note down. So now I own eight or nine properties total and they're worth you know, close to, I want to say like one like one, let's call it 1.2 million, I only want 300,000 or 350 on the whole thing, right and my cashflow is about 12,000 a month, uh, me a little bit less, a little bit less, a little bit less, maybe like 10, five around there and so, so I'm a big fan of owning the property outright. So I have both houses that aren't paid for right, so. So it's just hear me out on this, I am now in my 50s. So in my 30s I was a big fan of taking out mortgages, as much as you can bind as much as you can, because you got this thing called time on your side, you can make mistakes, right? At 50 you have less time, right? I've 20 years less, so I can't really make the same mistakes. So I believe even though I make less cash on cash, right? Less overall, I have this thing where I can sleep better at night, right? The house is paid for like, for example, I own a house, I just had to put in a brand new AC and heater, right cost me like I think like six grand. That's cash flow for a year in most in most instances, right and you can't afford it because you don't have the money. Well, when the house is rented for 2500 a month. That's only two to three months. It's not terrible. It doesn't it doesn't knock you out of the game. You're not always stressed for cash. In my in my in my bank account for my business, my housing business. I got like 30 to 35 to $45,000 sitting there all the time, right. So if anything ever happens, I'm okay and so that in now because they're paid for I have more cash flow. I don't have to pay all the notes all the time. So, so again, as you get older, you're like, okay, well, how can I have like, How can I afford to live day to day? Well, if I have $12,000 a month coming in, and I only have $22,000 going out for principal and interest. Well, now I'm at 10 grand and now you figure another 3000 a month in taxes and insurance. So now I'm at seven grand. Well, that's, you know, that's almost 80,000 a year in Texas. It's not terrible and of course if maintenance happens, which always does you never get that full 70% right you never get that full deal. So because of my past issues with banks, by the way the bank on the 100 unit apartment complex really, they really screwed us they let us believe one thing and kind of did the end around and so because of that, I'm really you know, just I was scared is not the right word, but very unjust and very hesitant, hesitant to do it now. That doesn't mean that I won't take on a note, especially if I can't afford to buy something in cash, but I'm gonna He's going to put 2030 40% down, whatever, whatever the bank wants, and then a little bit more and then I'm like, I'm at the back into my life, right? So I am looking to, to pay these things off. So I have 20, year amortizations. If I could, if I could pay them off in 15 years. Okay, I'm 60-65 and now I have no notes, and I have all these houses paid for and at the end of the day, you want to live on cash flow, right? You don't want to live on like hoping that your properties increase in value, and then you can take the money out. If they're if they're paid for in 10 years, I can go take you know, 80-70, 80% of the value of the house, which are increasing now. tax free. So I have so I do have ability to, to go take the money out. Should I should I choose to do that? Michael: Yeah, man, this is wild, man. This is this is such a cool story and of course, I'm so sorry to hear that you had to deal with all that nonsense, Bs. But it sounds like it helped lead you to the decision and kind of path where you are today. So would you say that you're thankful for those experiences as crummy as they were? Pete: Yeah, look, whatever doesn't kill you makes you stronger and I am truly I think I'm a better business partner today than I then I was back then I'm a better investor today for sure and so overall, I feel like I'm, I'm better, I'm a better as a person, because you won't like, like I said, if it doesn't kill you, the one thing that you as an investor, as a real estate investor, you have to make sure that you don't make the mistake that could put you out of business, right. So in my when I had the 100 unit apartment complex, I use my 401k. No my IRA money, so I went and did a self-directed IRA and that's how I invested my money, lost it all, by the way, okay. Again, at 31, I lost 120 grand, which is a lot of money for me back then. A lot of money for anybody right now. Okay but it didn't put me out of business. Once I once I was able to clear my name with the bank, my credit was cleared, everything was clear. Like it was never it's not on my it's not on my credit history at all, because they know that they messed up and I was part of our deal. So that allowed me to get back in the game and by I had another pair of business partners, that they ended up taking bad advice, they ended up using credit cards, taking money out of their credit cards, cash advances, to put money down to buy this apartment complex, because some guru told them that he did it, just because he did it and it's possible doesn't mean it's the right thing to do. Well, they had declared bankruptcy. So they were they were out of the game. They you have a bankruptcy, you're not going to be buying investment properties. Why don't you know, you're not going to buy your personal home, let alone investment properties. So as a real estate investor, for the for if you're listening to this, you know, it's great to take on some risk. I mean, obviously, we all take on some risk, right? We know there's no guarantee price is gonna go up. There's no guarantee that people are going to pay their rent. There's no guarantee but don't take on a risk that will put you out of business. Michael: Yeah, I love that and I think that makes a ton of sense. Pete, you said something kind of at the beginning of your story that I want to come back to and that's you were buying these low income properties, and you bought them and you scrimped and you saved and you and you put these deals together, and they really hadn't appreciated very much and you sold them because your property manager, right, yeah, that after that, they appreciate it. So like, talk to us about how people should be thinking about if they're in a similar situation, they bought a property. They did all this work to get the deal done. they scrimped and they save and they just haven't seen very much appreciation. Maybe they're in a similar situation where it's not cash flowing, or it's just covering its expenses. It's just not what they thought it was going to be. When should someone cut their losses and run and maybe go try something else or how do they know maybe they should keep hanging on because we're right around the corner from that appreciation jump? Pete: Yeah, that that is if I had a crystal ball, I could I could answer that. I can just, I can just tell you from my perspective, I did everything I could to make those properties work. I mean, I would put it you know, like when we did a rehab, we made the house even nicer than it was right? We got rents up, but for whatever reason, and we just can never get them to cash when we were losing money. After about five years, I think you got to if you do not have the cash flow, where you can lose money every year on your properties, and it hurts you. You know, I think you got to cut the cord after a couple of years of trying everything. You have to try everything though. I'll tell you my grandfather before he passed away, he was in his 80s and he when he passed away, he was worth I think 30 million. So this is a guy who knows a thing or two. But he told me one of the last conversation I had with him he said, Pete, never sell your property. When grandpa died here. We had a lot of property it was he was a mess. The guy didn't put any money into it. Son of a gun when we had to deal with it, but it was luckily all those properties appraise or appraised value over time, time heals all wounds if you can afford it and knowing like, hey, like, I can tell you this when I bought the properties in my early 30s, I needed the cash flow as a means to I try to exit out of the of my, you know, my w two life, right? Luckily, my w two allow me to handle those properties, right, allow me to handle the losses. When I got into starting my own business, I knew the upside of starting my own business was great but starting my own business meant I had to take a huge step back in how much money that I can afford, that I was going to be able to extract out at a business. I wasn't venture backed, none of that stuff, right. I mean, I literally just hung a shingle and I started working. Well, I couldn't afford to lose the money on those properties anymore. So that was, that was a big reason on why I decided to sell. Now I will tell you, I sold all those properties in 2015. I bought them in like 2008 2005 I bought most of them and I saw them 10 years later. So it wasn't for lack of trying Michael like I tried right? Even after 2015 they didn't jump up until recently, like this pandemic has me all jacked up, I have no idea what's up what's down, like, I thought the price would come down. So I sold my last property in that area of town for 120. I bought that piece of property for 50 in 20 in 2005, so here we are. So it kind of matches up right 2005. Here we are 15 years later and that thing actually, you know, more than doubled. Now that property I owner financed, I sold it at 120. It was probably worth 100. Alright, so probably doubled in value over those 15 years. I always pay, I always sell it for a little bit higher because I'm holding a note. I want to build in that appreciation. You want to go through the numbers on it real quick? Michael: Yeah, let's do it again. All right. Pete: So when I when I own the home, and I rented it out, I was renting for 1000 bucks a month. Michael: Okay, you bought it for 50 renting for 1000. So crushing the 2% rule. Everyone on paper is like, oh, you're killing it. Pete: Right? Exactly. On paper, right. So 1000 bucks a month. So now you like Pete, you're making $1,000 a month. But am I Michael? I'm not making $1,000 a month, right? What do we have? We have taxes 300 bucks a month now making 700 a month? What do we have? We have insurance 120 a month. Okay, so now I'm down to 580. My management fee was 80 bucks, I'm down to 500 bucks a month and that's before you get into maintenance and turn, right. So on my best month I make 500 bucks a month. Michael: Oh no. Pete: You wanna go through the numbers? Michael: Yeah, let's do it, man. Pete: Or go through the numbers. Okay, so I'm renting that property for $1,000 a month, right? I bought it for 50 rent it for $1,000 a month, right? So am I making $1,000? a month? No way? No, right because the taxes were 300 a month. So now I'm making 700. Right, my insurance is 120 a month. So now making 580 and my manager fees are 80 bucks a month. So I'm making 500 bucks a month and asked me for any kind of maintenance happens or turn. So the best I can do is 500 a month, right? So now I sold the property I sold for 120 got 10% down. So the notes 113. I sold on a 20 year amortization 7%, I found a company that will actually serve as the note for 30 bucks a month that I pushed on to the buyer. So right now it's cost me nothing. The principal and interest on that house is 7-78 and it's like I think it's like $67 is principal and $7 is interest and that's what I make on that house every month, right? If taxes go up, does it affect does it affect me and my cash flow? No insurance goes up doesn't affect my cash flow. Refrigerator breaks doesn't affect my cash flow Michael: Vacancy could be vacant doesn't affect your cash flow. Pete: Doesn't affect my cash flow. Now I ended up selling this one to an owner occupied. So I didn't sell to an investor on this one. So the owner occupied and he pays and all I gotta worry about is if he doesn't make his payment, I can foreclose on him. I don't know what the laws are in California in Texas, it's about 21 days. Before we before we can start the process and start the process. Michael: Okay, okay. Okay. Pete: So 21 back in the day used to be 21 days, you get them out now it's like… Michael: That's what I was going to ask. Yeah. Okay. So just real quick on owner financing, because I think this is something that a lot of our listeners who own property should hopefully their ears are perking up. How do you underwrite a buyer, someone who's going to be, you know, seller financing from you as the lender as the owner. Pete: So, I don't really care about credit at that point because if they had good credit, they're not coming they're not buying. Michael: They go then to a bank… Pete: Right, exactly. So what I'm looking for and what I'm always looking for is why is it credit bad, right? So are they not paying their rent or are they not paying the you know, the electric bill or whatever, whatever, you know, car or bill or whatever it is, right? So I want to know what kind of why they're why they have such bad debt. I don't care why they have such bad credit, I don't care that bad credit and then I'm looking at cash, how much money they make. So what happens is a lot of these guys, so guy that that bought my property, he's in like the construction business, right? So he has his own little deal, he can't show he shows no income, but he showed me his bank statements and he showed me his deposits for the last couple of years and so I just look at how much cash do you have, can you afford it right and then, as a property manager, I always go to two and a half to three times. So if I can get two and a half to three times of cash for what it's going to cost them all in, then I feel I feel at that point, it's not that big a deal. Also, he's paid me 10% down. So I have some cash there. So if he did move out, or couldn't afford any more, I got a little bit of cash, I could make the place a little bit nicer. Okay but the mentality of somebody who buys your property, even if it's owner finance verse, somebody who rents your property, let me just tell you what happens, right? When somebody used to rent that property, what they used to do there give me a long list of stuff that didn't work in the house, that they wanted me to fix it, right, even though the lease says, as is all that good stuff, right? When somebody buys a house, they're getting a long list, and they're improving the house. When somebody rents your house, they're paying the car to pay the electric, they're paying their damn Hulu bill before they pay you because they know that they can they know the eviction process all the way through and how long it take them right? When they own the house were they paying first and for paying… Michael: The mortgage first. Every time they pay the mortgage, first… Pete: Hulu gets put on the back burner, the car payment gets put on the back burner. So the mentality is completely different. I've only I've only you know, I think he's been over there a little over a year, never had one issue with payment. Knock on wood. Michael: That's great and is the term is the note do you get it full term to 20 years or is it a couple of shorter year term with a 20 year AM? Pete: I will have to double check but I'm pretty sure it's just a 20 year amortization and he just pays me to 20 years and then that's it. So what a lot of people say to me is well, Pete, you're missing out on the appreciation, right? Like, if you sold the house or 100, or the house is worth 120,000 or 200, right? So if you think about this, Michael, most people don't pay extra. Most people don't pay the house off early or if they do right grade, they pay the house off early. They make my money. But he's paying $60 In principal and $680 in interest, right? If you if you pay that house off in 20 years, he's gonna pay that he's gonna pay about 240,000 hours on that house. I think I got my appreciation. Michael: Just fine. Yeah. Oh, man. I love it, I love it. That is so cool Pete. That is such a great story. Pete: I built into cushion of 20,000 so that he can't refinance right away. Right, because the house is only worth 100. So by no one's gonna give him $110,000 or whatever it takes to refinance the house. So by increasing it a little bit, you save yourself at least those first you know, five years or so. Michael: Super, super smart. Super smart. Pete: Yeah, that's a good one. Michael: That's a that's a really that's really good, man. Pete, we could chat for hours, man. What's the best way if people want to learn more about you reach out to you for, nobody gets to cover your VPM solutions today, but learn more about your words, where is the best place to do so? Pete: Yeah, you know, best thing is they can actually I'm on all the socials I guess. But it's Pete Neubig NEU big and you can email me at: email@example.com or you can just go to our website to https://www.vpmsolutions.com/ and check us out. Michael: Right on man. Well, thanks again for coming on and sharing some wisdom, really appreciate you. Pete: Thanks, Michael. Very good talking to you. Michael: All right, when that was our episode, a big thank you to Pete for coming on super interesting way of thinking and doing things just a little bit differently than maybe we hear about what we need to be doing as investors. So as always, if you've liked the episode, we'd love to hear from you ratings and feedback are always appreciated, and we look forward to seeing you the next one. Happy investing…
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