Podcasts about section eight

Get inspired as Ja'Mal Green shares his mission to transform lives through real estate and community empowerment. Listen as he recounts his mother's relentless dedication to homeownership and discover unique strategies, including using Section Eight as a vehicle for home ownership and the power of mentorship to bridge the wealth gap. Plus, don't miss the unforgettable story of a property rehab gone awry, an experience that taught him lessons in grit and adaptability! Key takeaways to listen for How Ja'Mal's mother inspired his commitment to generational wealth and community investment Game-changing benefits of converting Section Eight vouchers into down payments and mortgage assistance Impact of property ownership and commercial investments on neighborhood revitalization Challenges and rewards of rehabbing properties and lessons on tenant management The importance of non-gatekeeping and sharing real estate knowledge to build wealth within the community Resources mentioned in this episode Freedom Venture Investments About Ja'Mal Green Ja'Mal has been fighting for economic empowerment for many years. In 2020, Green launched a movement against J.P Morgan Chase Bank for their lending practices in urban neighborhoods of Chicago. After his team shut down over 35 bank branches with millions watching around the world and Green being banned from every Chase bank in America, Chase made a one billion dollar commitment to Chicago and another 30 Billion worldwide. Connect with Ja'Mal Website: Generational Green Instagram: @jaymalgreen Facebook: Ja'Mal Green YouTube: Ja'Mal Green Email: nia@generationalgreen.com Connect with Leigh Please subscribe to this podcast on your favorite podcast app at https://pod.link/1153262163, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown. Sponsors "You Ask. Leigh Answers." Your Affordable Coaching Program Hey there, real estate pros! Are you ready for some more Leigh Brown wisdom in your life? Then don't miss out on my brand-new program, "You Ask. Leigh Answers." It's your exclusive gateway to the insights and advice you need to supercharge your real estate business. With "You Ask. Leigh Answers." you get Direct Access to Leigh Brown, directly! Expert Coaching, Community Connection, and Extensive Resources. Whether listening to this on the go or watching at home, sign up today at Answers.RealEstate and take your business to the next level. Trust me, you'll be glad you did!

As the cost of senior housing options continues to rise the need for affordable housing continues to rise and navigating affordable housing for seniors can be very confusing. In this episode, we help simplify the process of finding housing for seniors. In this episode, we'll discuss the ins and outs of HUD Section 8 housing for the elderly with our special guest, Russ Bell, the executive director of Finlay House.As the cost of senior housing continues to rise, many older adults find themselves struggling to afford a comfortable place to call home. HUD's Section Eight program offers a lifeline for seniors 62 and over, providing subsidized housing. Throughout the episode, Russ will share his insights on the application process, required documentation, and the benefits of living in a HUD-supported independent living community. We'll also touch on the importance of maintaining joy and connections while navigating the world of senior care and housing. So, whether you're a senior looking for affordable living options or a family member helping a loved one make the transition, this episode is packed with valuable information to guide you on your journey. Stay tuned as we delve into the world of HUD 8 housing and discover how it can help seniors thrive in their golden years.SeniorLivingGuide.com Podcast sponsored by TransMed Care Long Distance Medical Transportation The background music is written, performed, and produced exclusively by purple-planet.com.https://www.purple-planet.com/ *SeniorLivingGuide.com Webinars and Podcast represent the opinions and expertise of our guests. The content here is for informational and educational purposes. It does not necessarily represent the views, recommendations, opinions or advice of Fairfax Publishing/SeniorLivingGuide.com or its employees

Crimes Against Public Order and Morality. Crimes against public order and morality encompass a broad category of offenses that, at their core, challenge the societal norms and regulations established to maintain a sense of general peace, decency, and good order within a community. These crimes can range from acts that disrupt public peace to behaviors deemed immoral or harmful to societal standards. Understanding these offenses requires not just a grasp of their legal definitions but an appreciation for their impact on communities and the legal system's role in balancing individual freedoms with public welfare. 1. Disorderly Conduct. Disorderly conduct is a catch-all term for a wide range of behaviors that disturb the public peace or decency, or that are intended to annoy or alarm the public. Given its broad scope, what constitutes disorderly conduct can vary significantly from one jurisdiction to another, but it generally includes acts like fighting, making unreasonable noise, disrupting lawful assemblies, obstructing traffic, and using offensive words or gestures that are likely to provoke a violent reaction. Legal Considerations: The broad nature of disorderly conduct statutes means that enforcement can be highly subjective, leading to criticisms regarding potential overuse or misuse, particularly in situations that might implicate free speech rights. Courts often look at the context of the behavior, including its location, audience, and any specific intent to cause public disruption. Impact on Society: While some view disorderly conduct laws as necessary to maintain public order, others argue they can be used to target certain groups or to suppress dissent. The challenge for the legal system is to enforce these laws in a manner that respects individual rights while protecting the community from genuine disturbances. 2. Drug Offenses. Drug offenses cover a range of activities prohibited by law, including the possession, distribution, manufacture, and trafficking of illegal drugs. These laws are intended to reduce the availability of illicit substances, decrease drug abuse, and limit the harm that drugs can cause to individuals and society. Categories of Drug Offenses: Drug laws differentiate among various types of offenses based on the action (e.g., possession vs. trafficking), the type of drug (with different schedules classifying drugs according to their perceived danger and potential for abuse), and the quantity involved. Penalties can range from minor fines for simple possession to lengthy prison sentences for large-scale manufacturing or distribution. Controversies and Reforms: The "War on Drugs" has led to significant debate over the effectiveness and fairness of drug laws, particularly those that impose harsh sentences for offenses involving minor quantities of drugs. Critics argue that these laws disproportionately affect certain communities and contribute to an overburdened criminal justice system. In response, there has been a movement toward reform, including drug decriminalization, legalization of cannabis in several states, and an emphasis on treatment over incarceration for nonviolent drug offenders. 3. Prostitution and Vice Crimes. Prostitution and related vice crimes involve sexual activities that are considered immoral or illegal, including soliciting, promoting, or engaging in prostitution. These laws reflect societal norms regarding sexuality, morality, and public decency, but they are also subject to significant debate over issues of personal autonomy, public health, and the role of the state in regulating private behavior. Legal Frameworks: Jurisdictions vary widely in their approach to prostitution and vice crimes. Some places criminalize activities related to prostitution, including soliciting and brothel-keeping, while others have legalized or decriminalized certain aspects of sex work under regulated conditions. --- Send in a voice message: https://podcasters.spotify.com/pod/show/law-school/message Support this podcast: https://podcasters.spotify.com/pod/show/law-school/support

The doctrines of Res Judicata and Collateral Estoppel play pivotal roles in the judiciary system, ensuring the finality of judgments and preventing the re-litigation of cases and issues that have already been decided. These principles are not only foundational for the efficient operation of courts but also protect against the injustice of subjecting parties to multiple lawsuits for the same cause. Res Judicata (Claim Preclusion). Res Judicata, also known as claim preclusion, refers to the legal doctrine which bars parties from re-litigating a case that has already been judged on its merits by a competent court. Its application is fundamental to the concept of judicial finality and serves to conserve judicial resources, respect court judgments, and protect litigants from the burden of multiple lawsuits. Core Elements of Res Judicata. Final Judgment on the Merits: For Res Judicata to apply, there must first be a final judgment on the merits of the case. Preliminary rulings or decisions that do not address the substantive issues of the case do not trigger Res Judicata. Same Parties or Their Privies: The doctrine applies to the parties involved in the original lawsuit or their legal successors. This element ensures that only those who were part of the initial judgment are bound by its results. Same Claim or Cause of Action: Res Judicata prevents the litigation of all claims that were brought or could have been brought in the initial lawsuit. This encompasses all rights to relief arising from the same transaction or occurrence, regardless of whether they were presented in the first case. The Effect of Claim Preclusion. When applied, Res Judicata renders a previous judgment absolute and conclusive on the parties involved, barring any future lawsuit on the same claim. This principle not only applies to the substantive issues that were actually decided but also to every other matter that the parties might have raised in the first action. Collateral Estoppel (Issue Preclusion). Collateral Estoppel, known as issue preclusion, prevents the re-litigation of factual or legal issues that were already decided in a previous lawsuit between the same parties. Unlike Res Judicata, which is concerned with claims, Collateral Estoppel focuses on issues. Key Requirements for Collateral Estoppel. Identical Issue: The issue sought to be precluded must be the same as the one involved in the prior action. This means the specific question or element must have been litigated and decided previously. Previously Adjudicated: The issue must have been actually litigated and determined in a prior lawsuit. This requires that the parties had a full and fair opportunity to argue the issue. Necessary to the Judgment: The determination of the issue must have been essential to the final judgment in the first action. If the issue was incidental or not determinative, Collateral Estoppel does not apply. Mutuality: Traditionally, issue preclusion required mutuality, meaning only parties to the previous lawsuit could use or be bound by the determination. However, many jurisdictions have moved towards a more flexible approach, allowing non-parties to benefit from issue preclusion under certain circumstances, such as in cases of non-mutual defensive Collateral Estoppel. Impact and Application. Collateral Estoppel serves to streamline litigation by eliminating the need to reprove facts or legal issues that have already been resolved. It enhances judicial efficiency and consistency by acknowledging the binding nature of prior adjudications on specific matters. Differences Between Res Judicata and Collateral Estoppel. While both doctrines aim to prevent redundant litigation, they operate on different levels. Res Judicata applies broadly to claims and causes of action, meaning it can preclude all claims arising from a particular transaction that were or could have been raised in the initial litigation. --- Send in a voice message: https://podcasters.spotify.com/pod/show/law-school/message Support this podcast: https://podcasters.spotify.com/pod/show/law-school/support

Auxiliary Statements is back to reading Capital?!? Well, just the last section. We had to go back to our origin of capitalism bugbear sometime, after all. And maybe we should have just read this first. Reading: Capital, Section 8: The So-Called Primitive Accumulation (1867) by Karl Marx Send us a question, comment or valid concern: auxiliarystatements(at)gmail.com DISCORD: https://discord.gg/vfDswHX6

What does it take to run for office as a person with a disability? Rebecca LaMorte We talk to Rebecca Lamorte, who ran for city council in New York on a platform on disability rights.  Listen as she talks about her experiences running for a major office in the Big Apple. We also talk to Ventura City Council Member Liz Campos about working at a city hall that is inaccessible, her challenges finding accessible housing, and how she ran a successful campaign on only $3,000. Liz Campos Lastly, we talk to Denver City Councilman Chris Hinds about the unique challenges of being Colorado's first elected official with a physical disability. Chris Hinds This episode of Pushing Limits is hosted and edited by Denny Daughters, and produced and written by  Jacob Lesner-Buxton. Check out this database of elected officials with disabilities.    Add your favorite politician with a disability to the list. Rebecca Lamorte Website Campaign website for Liz Campos Website for Council Member Chris-Hinds Transcript Denny Daughters:  Welcome to Pushing Limits, KPFA's program by and about people with disabilities. We air every Friday afternoon at 2.30 p.m.  I'm Denny Daughters and I'll be voicing a script written by Jacob Lester Buxton. According to a 2019 estimate by Rutgers University, 10.3% of elected officials serving in federal, state, or local government have a disability.  People with disabilities are twice as likely to serve as local officials rather than as state or federal representatives. Today we will be talking to people with disabilities who have run for public office at the local level. Our first guest is Rebecca Lamorte.  She's a lobbyist for a labor union and she lives in Manhattan. In 2021, she ran for a seat on the New York City Council.  There were a total of seven candidates.  Unfortunately, she lost the election, coming in at third place. We asked Rebecca.  What motivated her to run? Rebecca Lamorte:   Anger, honestly. When I was pushed on the subway, I was 22 years old.  And I had just finished college.  I had just moved in to my first apartment alone in New York City. You know, I had my student loans, I had my bills, I had my friends. And in an instant, everything changed for me where I went from taking my body for granted and not looking at a flight of stairs, for example, and thinking twice about them to not being able to really leave my own apartment building for a long time because it had stairs and dealing with rude and invasive questions and comments and being faced with discrimination on the job and in public places. The most egregious thing for me that really made me and pushed me to take that step to decide I am gonna run for office is one day I was at New York City Hall for work.  I'm a lobbyist, I work for a labor union, and I have for 12 years now.  And at City Hall that day with union members, I was there with my cane and security told me if I couldn't walk up the stairs, maybe I didn't belong there.  And I got so angry.  I almost couldn't speak.  I was so angry because I felt if this is happening to me, what's happening to other people? Who cares about us?  Who's fighting for us?  Who else is experiencing this?  And so angry and so upset right now when they're just living life and going about their day like everybody else.  And I wanted to take my anger and do something positive from it.  And for me, working in the government space and being interested in politics, that was running for office to give disabled people like myself and others a seat at the table where decisions are made.   Where I was now witnessing and now very aware that those decisions were being made in ways that harmed us and harmed our community and ignored our needs, ignored accessibility, ignored disability rights and the inclusive society and city we could have.  And that's what made me throw my hat in the race for 2021.   Denny:   Lamorte put disability front and center of her campaign.  It raised some eyebrows among political people in the city. Rebecca:  Yes and no.  So, there have been some people in public office with disabilities.  Not everyone has been comfortable speaking about their disabilities, which I very much so understand.  You know, not many people go out every day in the world and get asked about their bodies and have people expect that we'll respond and share everything that's happening with us. But that's unfortunately reality for people with disabilities.  And there have been people in elected office in New York that haven't been comfortable speaking about their life, speaking about their accessibility needs, speaking about their lived experience as a person with a disability because of that stigma and discrimination, which is really unfortunate and keeps other disabled people from speaking out, feeling that commonality, knowing they have an ally in government. But outside of that, we've had some really great people in office right now. We have our first disabled New York City council member, a woman named Shahana Hanif from Brooklyn.  We used to have another amazing woman, Yuh-Line Niou in the New York State Assembly.  She unfortunately isn't there anymore, but we have some other great people out there fighting for us and making sure we have a seat at the table. But we need some more people.  Just having, you know, between five and 10 people with disabilities in office isn't going to change the conversation.  We need more voices in the chorus for us.   Denny:  To create the campaign she wanted to run, Rebecca first had to look inward.  There's the nitty gritty stuff, filing your paperwork to run for office.  Like you said, I made my decision and then I was like, well, what do I do now?  Like how do I make it a reality?  I'm, I'm, I'm here. I'm going to run, but what do I do? And so I did the like the nitty gritty stuff, file paperwork, tell the government I'm running, told local elected officials in the neighborhood that I was running, reached out to people in politics, consultants, other people I knew saying I'm going to run, what's your advice? And unfortunately, in doing that, I started getting back comments that wanting to run on a platform of disability issues, disability justice, as I refer to it for my campaign platform, that that was a niche issue.  And I should first run, then win, and work on it and tell people I care about it. And that was really hurtful for me as a disabled person, because it's like, well, do you see me every day when I'm out like this?  Like my life isn't a niche issue.  There are so many New Yorkers that have this experience too. So my first real campaign thing was getting comfortable, being uncomfortable as a disabled person, getting comfortable sharing things about my life, about my opinions, my experiences, my feelings, about my physical body — about certain social and emotional impacts that I deal with from being a person with a disability out in society that can be really difficult at times for us. And so that was the first thing.  Getting comfortable as a disabled woman, what I was comfortable talking about, how I was comfortable talking about it and really rooting myself that this was a campaign for disability justice, and everything would always pivot back to that center.   Denny:  We asked Rebecca how she handled being perceived as the woman who only talked about disability issues during her campaign. Rebecca:  That was the lady with a cane, the one trick pony with a cane. I would call myself at a point in time.  Um, what you're saying is true.  There were some people that would be able to see the far through the trees with me of affordable housing is a disability issue.  We need affordable, accessible housing and it's not just accessible with an elevator in the building.  That's my disability experience, but there are other people with disabilities that, okay, you need to have your handles lower.  You need to have your counter heights changed.   Denny:  Surely a candidate like Rebecca, who is so passionate about disability would be fully embraced by everyone in the community. Rebecca:  So unfortunately, there wasn't much support from formal disability groups for me during my campaign in New York City.  We have what is called the 504 Democrats, which is a citywide disability center Democratic club. And they endorsed a person without a disability in my race. And it really upset me. And that unfortunately kind of colored my experience and opinion with them and some other formal groups going forward. Coming from the political space, I understand wanting to go to the power and wanting to have a seat at the table.  And sometimes you have to choose the person that's going to win, even if there's someone else you like better.  But with something as personal as running for office with a disability, how few people do it and to have a candidate running so vocally, opening and powerfully as a woman with a disability on a campaign rooted in disability justice — that was really, really hurtful. I'm not going to lie to you. But outside of that, I was very blessed to have individual disability advocates from throughout the country come together to help me learn about disability issues that are not personal to me in my experience as a disabled woman, to help me meet other people that could offer advice that had run for office or were working within the government space and had experience with this.  And so it was those individuals that really surrounded me and gave me the cocoon of love from our community that I do wish had been there from other larger organizations, but just unfortunately was not, because politics makes for strange bedfellows as the saying goes, right?   Denny:  As a result of her campaign, Rebecca became more active in disability rights movements, including mentoring others who want to run for office. Rebecca:  I'm a board member of an organization called Disability Victory, which is aimed specifically at helping disabled people run for office and or work on campaigns that are accessible and engender real disability justice and disability inclusion in them. And through that, we do campaign trainings where it's everything from how do you talk about being a person with a disability on a campaign, getting comfortable with that, what you want to share, what you don't want to share.  Kind of like I spoke about with my own journey and experience on that — things like how do you develop a campaign platform?  And how do you then pivot those issues back to disability justice and disability rights? We actually just did a great hour-long talk about that specifically where I led the conversation.  I had everyone choose a policy.  And by the end of the hour, we took that policy from not being about disability rights to making it about disability rights to show that it is possible and these aren't niche issues.   And, if people are interested, they can follow Disability Victory on Facebook, X and Instagram. And we also have a website, DisabilityVictory.org. And we're doing more trainings coming up in 2024. Our next one will be about canvassing with a disability because, not surprising for anyone here that's listening, it's not so easy.   And campaigns are not made for disabled people.  And that's people like myself with mobility aids and mobility issues.  That's for people that are blind, that's for people that are deaf, that's for so many different disabled people because campaigns are made for one kind of person and it's a cis white rich man — typically. And that's not politics. That's not my politics. That's not what I want our country, our society, my city to be.  And so Disability Victory is working on that specifically.  And so in January, we'll be talking about canvassing with a disability.  We're going to be having some fireside chats to also just offer more emotional support for candidates in this space because running for office is so difficult and isolating.  But when you're running with a disability, it's even more so because traditional spaces in politics aren't made for us and they don't include us. And when we do go to them, we'll be made to feel that way, at least in my experience at times here in New York.  So, making sure that we have a space that is specifically for us.  And I'm really proud that that's Disability Victory now.   Denny:  In the world of politics, we were interested how Rebecca developed a thick skin. Rebecca:  I was born with a bit of a thick skin.  It definitely got thicker, though, after my subway accident. You know, when you go out every day and people see you and they're gonna pry and they're gonna ask questions, they're gonna look at you differently, and I am out here with an invisible disability with my cane — and I still get those stares and those questions and those uncomfortable moments.  So, it's made me develop a much thicker skin.  It's also made me get really quippy.  Like for example, when I walk down the sidewalk in my neighborhood and people are staring at me, I like to stop and look at them and go, “Show's here all day everybody” and then watch them laugh and get uncomfortable.  I also like to call people out if they're staring.  I'll be like “Let me do a trick!”  And then, they like look away anxiously and uncomfortably.  It's made me develop a thick skin but also, it's given me a confidence in myself that [pause]. I was always a confident person before, but it's a different and it's difficult to put into words the kind of confidence that comes from knowing who you are when you may be at your lowest.  And even if you're not there physically, but emotionally at your lowest from what someone has said or done or how you're feeling that day or (for me), what my mobility is that day.  And just knowing that still doesn't define who you are.   And if people see you as just that, that's a reflection on them. And it's such a confidence that I feel very lucky to have. And it's something that it took a while for me to develop, but I'm here now and I'm really thankful to be.  And to feel this good about myself 10 years in the game.  Lately, Rebecca offers motivation to those with disabilities who are interested in running for political office.  If you're a person with a disability, thinking about running for office, it's probably the scariest thing you've ever thought about for big and small reasons but it could also be the best thing you've ever thought about. I didn't win, but I am so thankful that I ran for office.  I am thankful for what it taught me about myself, what it taught me about disability rights, disability issues.  I'm thankful for the community it helped me create around myself.  And I'm also thankful for the platform it's given me as a person with a disability to now call out things that I see, share my experiences, shine a light on things that so many people have said, ‘I never thought about that, Rebecca'. Just today, a friend texted me, ‘a woman with a walker can't get down the subway stairs right now, and I wouldn't have thought about that if it wasn't for you', — talking about subway accessibility.  And that's a small thing, but that's someone that would have never thought about that if I hadn't been out there running as I was and talking about things like I did and getting comfortable being uncomfortable at times.  And so it's the scariest thing you may be thinking about, but it could be the best thing you've ever done, not just for yourself, for your community, for our larger disability community, for our country.   Because if we don't have a seat at the table, we're on the menu and policies never have us in mind.  And so we have to put ourselves in people's mind. So take that step!  Be bold!  Don't be afraid!  And feel free to reach out to me on social media, because I'm always going to be here to tell you that, you know, you're either a Smart A [Beep] with a mobility aid like me or, you know, something else that will build you up and get you back out there in the streets fighting for us.  Because we need more voices in our disability chorus.   Denny:  You're listening to Pushing Limits on 94.1 KPFA. I'm Denny Daughters.  We just heard from Rebecca Lamorte who ran for a New York City Council position in 2021.  Today, we are talking to people with disabilities who run for public office.  Our next guest is Liz Campos who sets on the Ventura City Council.  Campos decided to run for office because she was frustrated that city hall wasn't responding to the needs of the people in her community.  94.1 KPFA. Liz Campos:   Well, I've been active in my community for 20 years and particularly the last 10 years I spent on the board of the Westside Community Council, my neighborhood community council.  And after becoming chair of that board, I realized that City Council wasn't listening to the people, the diverse voices in the community properly.  I also, for almost seven years, attended every city council meeting, listened to what they were doing, spoke to them many times often with no result.  And I decided that it's important for people to be on an elected body who will listen to the entire community. So I didn't come just to be a voice for people with disabilities, but to be a voice for everyone who feels disenfranchised.   Denny:  While many people in the Compos community were excited by her candidacy, those in City Hall sang a different tune. Liz:  Because I had been active in my community.   Ventura has districts. My district is about 8,000 registered voters. But I had spent two and a half years in my community holding public rallies to fight against the expansion of a Southern California gas compressor that is across the street from an elementary school.  And that alone is disabling many children not just with asthma, but with central nervous system problems and cancers. So the community knew me already from that battle and had gotten accustomed to seeing me in the wheelchair, but knowing that I was there for them.  So, my community didn't show a lot of disdain or problem for me as a person with a disability. Where the pushback came was from a couple of the other candidates but also from some of the higher-level city staff who looked at me as an imbecile or had the attitude that I would never be able to serve on city council.  And so, I shouldn't be encouraged.  And that was a difficult battle, both before and after getting elected.   Denny:   Ventura City Hall wasn't ready for Campos to assume office, or any person with a physical disability for that matter.   Liz:  Ah Ventura City Hall is not the most accessible location, in part because it's up on the top of a pretty steep hill, California Street.  It has a beautiful view of the ocean, but for a person in a wheelchair — a manual wheelchair cannot make it up the hill by its own steam. I'm in an electric wheelchair and I can roll up to City Hall, but when I leave City Hall, I have to roll backwards because the hill is too steep.  And that's just to get to City Hall. There is a ramp on the street level that goes up into the building. And that is there because about 11 years ago, I sued the city for access. So they made the public area more accessible with bathrooms and a ramp and electronic doors. When I got elected to City Council, anyone would have expected that the council dais and council area would be made accessible. December 12th will be my one-year anniversary and I still cannot use the bathroom where all the other Council members use the bathroom. I have to leave the dais, exit the Council area out into the hallway, and go to the other end of the building for an accessible bathroom during meetings. For the first several months, the way I got up on the dais was they threw a piece of plywood over a steep staircase. And so I would roll up, but again, I had to roll backwards off of that.  And this was all during the tenure of that acting city manager who was here, who wasn't happy about me being here.  My wheelchair ultimately got broken rolling down because it started to slide sideways, and the brakes broke.  So, the city's paying for the repair of that wheelchair. That acting city manager resigned, and our new city manager is incredibly kind and generous and working very hard to ensure not just my access, but everybody's. He's had the city hold trainings for every staff member to learn about disability access.  And so, I appreciate that none of that would have happened had I not been here. And it's not just about me. It's about every person in the community that is challenged with barriers to access.   Denny:   One of their priorities for Liz is creating more accessible and affordable housing in the city, an issue she is currently experiencing. Liz:   So, I still have not found housing in my district that is wheelchair accessible and affordable.  And the cost of housing in Ventura just keeps getting higher and higher.  So, I'm currently living in a [pause]. It's, it's a van, but it's not a little tiny van.  It formerly was an access bus and a paratransit bus.   So, it has a ramp.  It's pretty big.  It's about 16 feet of living space. I have solar panels on top.  I can cook.  I have a camping toilet.  So, it suffices while I'm still looking for housing. But really — Affordable housing for people with disabilities and seniors on limited income does not currently exist in the city of Ventura except through Section Eight.  And the Section Eight waiting list currently is 15 years long.   Denny:  Upon hearing what Liz spent on her campaign, our interviewer Jacob was speechless. Liz:  I didn't raise a lot of money. I probably spent the least money of anyone who's ever run for Ventura City Council.  And people who are rich will spend a lot of money, but it really isn't about the money as much as about how you connect with people.  I put a website up that cost me $100, and I used it for fundraising.  And I had all the videos from the rallies I did and from public meetings and… I think I posted a video from one of the events I did with the ILRC [Independent Living Resource Center], and then I just made a couple short videos talking about the cost of running, but how important it is for me to be there to represent the people. I put a PayPal link to the campaign bank account, and I raised just about $3,000. Of that money, I had two events in a park and gave away free tacos that cost about $1,200.  And I spent $800 on t-shirts saying Vote for Liz Campos in two languages.  And I gave away the t-shirts free.  I had 2,000 t-shirts of all sizes.  So, people in my district were walking billboards for me. The other thing that's important to do is to meet with unions or organizations.  iIf you get their support and get an endorsement who will knock on doors for you. Because both Santa Barbara and Ventura, for example, are a little bit hilly and they're old.  There's narrow sidewalks.  There's front gates that a wheelchair can't get through.  People don't answer their doors to strangers. Because I couldn't knock on doors myself, I held events at the park. But I had CAUSE who endorsed me, and Stonewall Democrats and the county Democrats endorsed me, and they knocked on all the doors in my neighborhoods for me.  And they also paid for mailers.  Because they endorsed me, they paid for the mailers.  So, when I finished my campaign, I had $800 left that I donated to a local nonprofit organization.   Denny:   Like Rebecca, Liz also offers words of encouragement to people with disabilities who are interested in running for public office. Liz:  Don't hesitate to do it.  Get to know other people as much as possible.  Speak at rallies and events.  And make sure you get video of those things so that you can put it online when you're running.  That way other people who don't know you get to know you. But I think that there are people still who have animosity to us as people with disabilities, but more and more people are recognizing we're not so different from them. So, I would encourage everybody who wants to run for public office to run.  Even if you lose the first time, keep at it because it helps everybody in the disability community — win or lose — if people see us in public and hear us speak and recognize that we're good people.   Denny:   Our last guest is Chris Hinds on the Denver City Council. Chris Hinds:  I'm the first elected official in Denver's history, local, state or federal, who uses a wheelchair to get around.  My decision to seek elected office is because we've never had disability representation in Denver.  I have an acquired disability.  I grew up as an able-bodied individual.  I was in a crash in 2008. The Democratic National Convention was here in Denver in 2008. I was on a bike and got hit by a car.  So, um, I went from being on three soccer teams to, uh, learning how to sit up in bed and, uh, I have a spinal cord injury.  It is a T-3, do, um, third thoracic vertebra and, uh, I now use a wheelchair to get around. I started looking around and I didn't see people with disabilities in areas of power or influence, or I couldn't find a lot of role models that I really wanted to aspire to be.  You know, as the Gandhi quote is, “Be the change you want to see in the world”.  I realized that it was important for me, if I felt like I could represent people with disabilities, then I had an obligation to do so.   Denny:   Chris talks about a few challenges he faced while trying to run for office. Chris:   You know, much of campaigning is knocking on doors and telling people, you know, sharing with people, one-on-one, your story. I can't do that because most of the homes have at least one step right before the front entrance.  In some ways that was great for me because I can't knock on any doors at all because of my wheelchair and those steps to get to the front door, but no one else could either.  Because 80% of the people I represent in central Denver live in apartments or condominium buildings, you know, secure access buildings. Campaigning is grueling for anyone.  It, it takes a lot of time.  It takes a lot of energy.  It takes, it takes a lot of focus.  And so, someone with a, you know, with a disability has to spend more time doing things and can't do things that other people can.  And so being a candidate and campaigning and making phone calls and worrying about pressure sores, some pressure ulcers. I don't have control over my bowel or bladder function like I used to, because just it's all paralyzed.  I would be at a venue, turns out that the restroom wasn't wheelchair accessible.  I mean, there were times when I would pee on myself.  In addition to having to learn how to say something compelling to someone and really get them to want to vote for me instead of anyone else, I also had the more basic thing of I'm being myself, how do I minimize that? How do I keep someone from realizing that I am embarrassing myself in a public space?   Denny:  There are people with a wide variety of disabilities serving in various positions all across the USA. The National Council of Independent Living maintains an online database of elected officials that Jacob used to find guests for today's show. A link to the database can be found on the KPFA archives page for this show. We'd like to thank today's guests, Rebecca, Liz and Chris. And thanks also to the whole Pushing Limits collective for another great year of Disability Radio. Today's interviews and script were done by Jacob Lesner Buxton, announcing and audio production by Denny Daughters. Contact us by email (all one word) PushingLimits at KPFA.org, catch us on Facebook at Pushing Limits Radio, or you can visit our website at Pushing Limits Radio.org.   Stay tuned for Talk It Out.  This is 94.1 KPFA.   Keep on Pushing Theme Song. [Keep on Pushing sung by Curtis Mayfield] The post Politicians with Disabilities – Pushing Limits – December 29, 2023 appeared first on KPFA.

Want to grow your real estate investing business and portfolio?  You're in the right place. Welcome to the Property Profits Real Estate Podcast

In this episode of The Financial Guys Podcast, hosts Mike Lomas and Glenn Wiggle delve into a riveting discussion on economic issues, political corruption, and social policies. Mike Lomas, with his critical perspective, questions the Democrats' approach to equity and the implementation of Section Eight housing, drawing from his personal experiences in Cuba. He also … Continue reading Migrant Placement in Western New York Hotels → The post Migrant Placement in Western New York Hotels appeared first on The Financial Guys Podcast.

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Ten, Section Eight: The Meaning of Surrender - The Power To Choose Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 78 sections of the book! Join our Facebook Group "The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara" Contribute to our show here: https://anchor.fm/barbara-wainwright/support Learn more about Barbara Wainwright and our Coaching Courses here: http://www.LifeCoachTrainingOnline.com 800-711-4346 --- Send in a voice message: https://podcasters.spotify.com/pod/show/barbara-wainwright/message Support this podcast: https://podcasters.spotify.com/pod/show/barbara-wainwright/support

Have a seat at the executive table with Kalia King, Proximity's head of TV, and Tara Duncan, president of Onyx Collective, a premium content brand under Disney Entertainment. At Onyx, Tara's slate includes Reasonable Doubt, The 1619 Project Docuseries, the Academy Award-winning documentary feature Summer of Soul, and Anthem, produced by Proximity Media and directed by Pete Nicks. Previously, Tara served as president of Disney's young adult TV network Freeform where she launched Cruel Summer and Single Drunk Female. She had a producing deal at Hulu where she developed projects like The Other Black Girl. She held executive positions at AMC and Netflix where she produced shows like Bosch, Narcos, and Orange is the New Black. She got her start at Section Eight, George Clooney and Steven Soderbergh's production company. On this insightful episode, Tara and Kalia break down how they met and Tara's executive journey (2:30), their community of Black women creatives in Hollywood (08:07), what it's like to not have imposter syndrome (20:59), what goes into programming television for audiences (24:19), finding work-life balance as producers and executives (29:55), and their Prox Recs (34:07).Learn more and read the transcript of this conversation at ProximityMedia.com.Anthem is now streaming on Hulu.Listen to the new song "We Are America" by Ruby Amanfu, Charity Bowden, Kris Bowers, Dahi, Joy Harjo, and Cecilia Peña-Govea out now.CONNECT WITH PROXIMITY MEDIA:Follow us on Instagram, Twitter, and TikTok. We're also on YouTube.Learn more at ProximityMedia.com.Text PROX to 510-998-3176 or head to subtext.to/prox for updates on new episodes and latest projects from Proximity Media.CREDITS:In Proximity is a production of Proximity Media.Producer: Paola MardoExecutive Producers: Ryan Coogler, Zinzi Coogler, Sev Ohanian, Paola MardoTheme Song and Additional Music: Ludwig GöranssonSound Designer and Mix Engineer: Ken NanaEpisode Editor: Cameron KellWith Production Assistance From: Courtney ArcherdArtwork and Social Media: Alexandria Santana

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Eight, Section Eight: Enlightened Relationships - Give Up the Relationship with Yourself Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 78 sections of the book! Join our Facebook Group "The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara" Contribute to our show here: https://anchor.fm/barbara-wainwright/support Learn more about Barbara Wainwright and our Coaching Courses here: http://www.LifeCoachTrainingOnline.com 800-711-4346 --- Send in a voice message: https://podcasters.spotify.com/pod/show/barbara-wainwright/message Support this podcast: https://podcasters.spotify.com/pod/show/barbara-wainwright/support

It was an honor to host the Alabama District Ministers Licensing Seminar for 2023. For more information about the Alabama District of the United Pentecostal Church International, please visit the website below. https://alabamaupc.org/

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Seven, Section Eight: Portals into the Unmanifested - Conscious Death Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 78 sections of the book! Join our Facebook Group "The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara" Contribute to our show here: https://anchor.fm/barbara-wainwright/support Learn more about Barbara Wainwright and our Group Coaching Sessions here: http://www.LifeCoachTrainingOnline.com 800-711-4346 --- Send in a voice message: https://anchor.fm/barbara-wainwright/message Support this podcast: https://anchor.fm/barbara-wainwright/support

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Six, Section Eight: The Inner Body - Before You Enter The Body Forgive Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 78 sections of the book! Join our Facebook Group "The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara" Contribute to our show here: https://anchor.fm/barbara-wainwright/support Learn more about Barbara Wainwright and our Group Coaching Sessions here: http://www.LifeCoachTrainingOnline.com 800-711-4346 --- Send in a voice message: https://anchor.fm/barbara-wainwright/message Support this podcast: https://anchor.fm/barbara-wainwright/support

When you're starting out in your investment journey or aiming to build wealth, many people consider real estate investing. Our Dreamer this week, Yamundow Camara didn't just make it a reality - she used creativity to build a real estate portfolio in record time without overleveraging debt. Yamundow immigrated to the US in 2016 through a scholarship. Five years later she has acquired 28 real estate doors, taking advantage of the pandemic, when people were fearful of investing to build up her portfolio. This episode will not only give you a front-row seat into how Yamundow has been able to do that, but it will also remind anyone that your starting point doesn't have to define how far you can go. When Yamundow first moved to the US, like most immigrants, she believed in: getting a stable job and buying a home. But, she realized it didn't have to end there. She didn't just buy one property - she bought 28 doors.In this episode, Yamundow Camara discusses: Creative ways she acquired 28 doors in 2 years without overleveraging debtInvesting in real estate as an immigrant while on OPT (Optional Practical Training) visaHow to partner with banking institutions to support your real estate ambitionsHow to determine which markets and areas to invest inHow to find tenants who are more likely to stay in the house for a long timeA tip she uses to increase her listing inquiring rate How she built a team that she trustsWhy you should consider Section Eight rentersShort-term rentals vs. travel rentals and why she does bothHow she manages working two jobs while being a real estate investorA costly real estate mistake she made and what she learned from itIf you enjoyed today's episode, here's what you can do to support me and help more Dreamers discover the podcast:Leave a review on Apple Podcasts or wherever you listen to podcasts. I read every single review. I will select one review to read on the podcast every month.Follow the podcast, so you never miss an episode: Apple Podcasts | Google Podcasts | Spotify | iHeart Radio | Amazon Music | Listen NotesShare the podcast with your family, friends, and co-workers.Tag the podcast on Instagram @thedreamers.podcast and let me know what you like about it.Would you rather watch this episode? Go to our YouTube channel to enjoy the video version. And while you're at it, click the bell to subscribe so you can get notified when a new episode comes out.Connect with Anne-Lyse:Website InstagramInstagram (Personal) 

Episode 82 Psychedelic Japan, Part 2 Playlist Wha Ha Ha, “On the Floor” from Wha Ha Ha (1983 Recommended Records). This group released three records in 1981, all in Japan. Recommended Records, the UK-based record maker, released this compilation of tracks taken from all three of those records. The group Wha Ha Ha ended at that point but its four principle members went on to varied musical careers. Akira Sakata is an alto saxophonist, Kiyohiko Semba is a percussionist, Mishio Ogawa is a vocalist, and Shuichi Chino is a keyboardist and electronic musician. 10:08 Merzbow, “Untitled 1” from Material Action for Two Microphone (sp) (2nd version) (1984 artist cassette). Masami Akita is one of my long-time favorite Japanese electronic/noise practitioners. He would send me cassettes back in the 1980s and I've always tried to keep up with him. Not strictly a Japanese psychedelic artist, I include him here primarily because, like some of the other artists in this podcast, he has widespread influence on other genres of Japanese electronic music. This prolific Japanese noise artist has released over 500 recordings since 1979.Recorded at Merzbau. Tape, Recorder, Synth, Effects, Kiyoshi Mizutani; Tape, Violin, Electronics, Effects, Masami Akita. Early cassette by Akita. 22:30 Yoshiaki Kinno, track 4 from unknown cassette, 1984.Japanese guitar and saxophone improviser. In the 1980's he established a cassette label featuring a wide range of improvised music. 3:32 Boredoms, “Boil Out UFO” from Boretronix 88' (1988 Mega Scum Groove Inc.). I think this is their first cassette release, going back to 1988. Boredoms (ボアダムス), alternatively known as V∞redoms, is a Japanese experimental/noise/space rock/tribal drumming band from Osaka, founded in 1986 by Yamatsuka Eye. Known for their extended jams and heavy drumming, it is remarkable that they had some mainstream success in the 1990s. Bass, Hira; Drums, EDA; Drums, Vocals, Yoshimi P-We; Guitar, Yamamotor; Music by, Boredoms; Words By, Vocals, Tibetan Bell, Effects (EQ-phasing), cassette tape manipulation, electronics, Eye. 2:18 Boredoms, “Untitled” (excerpt) from Boretronix 3 (1990 Ltd.). Another early cassette release from Yamatsuka Eye on his private label. This cassette consists of remixes of unreleased Boredoms material and fully explores the noise and rhythmic aspects of their work. This is an interesting prelude to their latter, more cohesive works. Bass, Hira; Drums, EDA; Drums, Vocals, Yoshimi P-We; Guitar, Yamamotor; Music by, Boredoms; Words By, Vocals, Effects (EQ-phasing), cassette tape manipulation, electronics, Eye. 12:01 Otomo Yoshihide, “We Insist? A) Rinko-Gun; b) x-Day” from We Insist? (1992 Sound Factory). Japanese experimental musician, turntablist and guitarist. Additional musicians on these tracks, Bass, vocals, Numata Jun; Guitar, Saito Ken-ichi; Vocals, performer (Junk), Lim Soowoong. 5:37 Omoide Hatoba, “Satellite Groove” from Kinsei (1996 Birdman). Japanese psychedelic, alternative, experimental -rock band. Alto Saxophone Isamu Kawamura, Yoshimi Yamazaki, Bass, Vocals, Drums, Percussion, Synthesizer, Drum Machine, Atsushi Tsuyama, Drums, Takashi Ogushi; Drums, Computer, Tape, Chew Hasegawa, Guitar, Vocals, Violin, Percussion, Piano, Synthesizer, Drum Machine, Seiichi Yamamoto, Tenor Saxophone, Satoshi Kawanishi, Trumpet, Yoshimi, Written by, Omoide-Hatoba. 3:53. Omoide Hatoba, “Alternative Funkaholic” from Kinsei (1996 Birdman). A&R, David Katznelson; Alto Saxophone Isamu Kawamura, Yoshimi Yamazaki, Bass, Vocals, Drums, Percussion, Synthesizer, Drum Machine, Atsushi Tsuyama, Drums, Takashi Ogushi; Drums, Computer, Tape, Chew Hasegawa, Guitar, Vocals, Violin, Percussion, Piano, Synthesizer, Drum Machine, Seiichi Yamamoto, Tenor Saxophone, Satoshi Kawanishi, Trumpet, Yoshimi, Written by, Omoide-Hatoba. 2:30 Yasunao Tone, “Part I” from Solo for Wounded CD (1997 Tzadik). Yasunao Tone was one of the founding members of Japan's Fluxus movement and has also been an organizer and participant in many important music and performance groups such as Group Ongaku, Team Random (the first computer art group organized in Japan). He is a pioneer in the use of prepared CDs of which this work is a prime example. All sounds used were from scratched CD's. 14:28 Changing Hands, “Spaced” from Changing Hands (1997 Medium Productions Ltd.). Written, performed, produced by, Nobukazu Takemura, Richard Barbieri, Steve Jansen. Takemura is a Japanese electronic DJ, producer, and artist. Richard Barbieri is a keyboardist, engineer (once a member of the group Japan). Steve Jansen is an engineer, drum programmer/percussionist and DJ (and brother of David Sylvian). 6:54 Melt Banana, “Section Eight” from Charlie (1998 A-Zap Records). Melt-Banana is a band from Tokyo, Japan. They were formed around 1991/1992 by singer Yasuko Onuki who later recruited guitarist Ichirou Agata and added the bassist Rika. Additional drummer, Natsume. 3:49 Melt Banana, “Taen Taen Taen (?)” from Charlie (1998 A-Zap Records). Melt-Banana includes singer Yasuko Onuki, guitarist Ichirou Agata, and bass player Rika. Additional musician, electronics, Oshima. 0:45OOIOO, “1000 Frogs And 3 Sun In A House” from Feather Float (1999 Polystar). Bass, Handclaps, Maki; Drums, Handclaps, Yoshiko; Guitar, Vocals, Djembe, Bongos, Roland Juno and Casiotone synthesizers; Piano, Jew's Harp, Talking Drum, Scratches, Noises (Birds), Yoshimi; Guitar, Vocals, Handclaps, Kyoko; Producer, Yoshimi. 10:28 Opening background music: Junji Hirose + Yoshihide Otomo, “Noise From Far East” and “The Time to Live and the Time to Die” from Silanganan Ingay (1989 Tanga-tanga). Self-Made Instruments, Toy Rhythm Box, Toy (Voice-Changer), Toy Autoharp, Tenor Saxophone, Junji Hirose; Turntables, Cassette Tape, Hand-Made Guitar, Small Instruments, Toys, Otomo Yoshihide. Opening and closing sequences voiced by Anne Benkovitz. Additional opening, closing, and other incidental music by Thom Holmes. For additional notes, please see my blog, Noise and Notations.

The Boys are joined by action legend Daniel Bernhardt to talk his new movie Lou. They also talk Section Eight and again sing the praises of Chad Law. Daniel's Instagram

The days when Ryan Kwanten was best known for playing Jason Stackhouse on True Blood may be coming to an end. This year alone, he's toplined three films -- the upcoming action thriller Section Eight, last month's Glorious (a two-hander with J.K. Simmons), and  Expired.  Here, Ryan shares what drives his project choices and performances and tells us why he feels seen by Maximus Decimus  Meridius (as well as a fun and surprising alternate pick!).Then, Jordan has one quick thing -- breaking A24 trilogy news! 

Can you say the same thing with other real estate investment portfolios where value increases even during the pandemic despite catering to the bottom-level financially capacitated market besides being recession-proof? I am referring to Section 8 investing. Let's dive into this topic and find out what more exciting things to look forward to in this market. Rhett Wiseman is known as the Section 8 guy and has written an e-book called the Ultimate 101 Guide to Section 8 Real Estate. In this episode, Rhett shares how he has been involved in Section Eight investing for almost a decade and finds it lucrative even amid the pandemic and economic recessions. He has never seen it that way with other investment portfolios that he owns. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you will learn from this episode for 26 minutes: Learn how the government's Section 8 program protects landlords and learn to dispel myths about this market. Discover ways how tenants and landlords share a symbiotic relationship in this setup. Find out how you can be profitable running a Section Eight property even when dealing with a less financially capacitated market. Resources: Click this link to get the Ultimate 101 Guide to Section 8 Real Estate eBook: https://section8guy.com/products/the-ultimate-101-guide-to-section-8-real-estate-ebook Topics Covered: 00:57 - What is Section 8 Investing, and who are the clients for this investment? 02:43 - Busting myths about the Section 8 program 04:41 - How do you earn when you're dealing with not financially capacitated markets 07:446 - Criteria for selecting properties and locations for Section 8 housing 09:40 - Getting a guaranteed cash flow monthly 11:11 - How to get a rental increase in this type of market 12:31 - What he's up these days Key Takeaways: "When investing in Section Eight, finding the right market and zip code is crucial. And make sure those two things can work to be profitable." - Rhett Wiseman "Being able to provide a nice home for people who have less than I do, and who might be coming out of an awful situation, creating a really nice living environment for somebody gives people a chance to get out of that situation. That I took much pride in." - Rhett Wiseman "The government has shown that they print more money when things go bad, so you don't have to worry about them running out of money, so you get cash flowing monthly." - Rhett Wiseman "Section Eight investing is one of the only things that is recession-proof. I've had a Section A portfolio through two government shutdowns, a mini-recession at the beginning of COVID, March 2020, and a global pandemic. And the only thing that's happened throughout all of those dire circumstances is that my portfolio has gone up in value. And I can't say that about any other kind of asset or equity, or investment I've made." - Rhett Wiseman "Very recently, we're seeing incredible, incredible rent increases by HUD to make sure that Section Eight can keep up with incentivizing landlords to maintain a relationship with the program." - Rhett Wiseman Connect with Rhett Wiseman: YouTube: https://www.youtube.com/channel/UCFdlNStum2hqxCd2EoRtGhQ Connect with Dave Dubeau: Podcast: http://www.propertyprofitspodcast.com/ Website: https://davedubeau.com/home Investor Attraction Workshop: http://www.investorattractionworkshop.com/ Facebook: https://www.facebook.com/thedavedubeau LinkedIn: http://linkedin.com/in/davedubeau  

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Four, Section Eight: Mind Strategies for Avoiding the Now - The Past Cannot Survive in Your Presence Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 78 sections of the book! Thank you for joining us! Learn more about Barbara Wainwright and our Group Coaching Sessions here: http://www.LifeCoachTrainingOnline.com 800-711-4346 --- Send in a voice message: https://anchor.fm/barbara-wainwright/message

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Three, Section Eight: Moving Deeply Into The Now - Negativity and Suffering Have Their Roots in Time Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 78 sections of the book! Thank you for joining us! Learn more about Barbara Wainwright and our Group Coaching Sessions here: http://www.LifeCoachTrainingOnline.com 800-711-4346 --- Send in a voice message: https://anchor.fm/barbara-wainwright/message

In this brief Closing Cocktail episode of The MHP Broker's Tips and Tricks, we chatted with MHP broker Paul Schaaf and what he did to close on SC 77-Pad Mobile Home Park, a sweet park in South Carolina. As always, this episode is hosted by Maxwell Baker, the co-founder of The MHP Broker, and brought to you by our proprietary Community Price Maximizer. Use our four-step system through which we'll help you navigate, and guarantee you a higher price when you sell your mobile home park or RV community. Here Are Show Highlights: Paul recently closed on SC 77-Pad Mobile Home Park, a nice little “value-add” mobile home park in growing Hartsville, South Carolina before it even hit the market. (Max, 0:22) The owner had been in possession of the park for 20 years, She was reluctant to sell, but she knew it was time. (Paul, 1:23) A prime selling point was that there were all public utilities, and all billed back to the tenants. It was also in an Opportunity Zone, a major tax advantage. (Paul, 1:23) The value-add was due to the fact that the current owner was only operating at about one-third of pad capacity. A new owner could end up with a total of some 80 pads. (Paul, 1:23) The owner needed help with her Section Eight and tax situation. (Paul, 1:23) That's always a challenge in high-tax South Carolina. (Max, 2:31) Paul was able to help both buyer and seller successfully navigate the multiple tax challenges to the point where the seller was happy and Paul thinks the new owner will list the park with MHP when the time comes to sell. Despite its rather tricky tax situation, SC 77-Pad Mobile Home Park was a successful close. Let us help you sell your park. Just drop us a line at info@themhpbroker.com or give me a call at 678-932-0200. Power Quotes on This Episode:  “It was definitely a fun business transaction.” (Paul, 1:23) “The owner was just a delight to work with.” (Paul, 1:23) “We were able to get a very good price for this deal for the seller. The buyer had to navigate the tax variables. They're going to increase occupancy and I'm assuming they'll probably end up letting us list it for them exclusively on the back end, because it helped him out with the taxes.” (Max, 2:44)  

Ever heard of a deal where you get the benefits of both multifamily and single-family homes? Steve breaks down exactly how this is done through fourplexes as well as the considerations to make this process flow smoothly as possible.   Steve Olson is the director of the Fourplex investment group. They build master plan fourplex communities in Utah, Idaho, Arizona, and Texas. Listen as he shares the strategies to employ when dealing with fourplexes for better positioning.   [00:01 - 04:30] Opening Segment   Steve on discovering real estate in college and realizing that it's better than law school How buying land in 2010 was insane and building fourplexes are a good idea Bridging the gaps and producing value-adds on fourplexes   [04:31 - 11:19] How Fourplexes Generate the Benefits of Multifamily and Single-Family   Identifying the investor in the deal - fourplexes owned by different investors Adding value for higher potential stabilized cap rates through projections The virtue of patience and constantly building relationships with investors   [11:20 - 18:22] Why the Name of the Game is Flexibility   Getting the investors cross the debt finish line Steve shares the Idaho deal story - realizing adjustments to make in the process Defining affordable housing by considering the investor   [18:23 - 19:05] Closing Segment   Reach out to Steve See links below  Final words Tweetable Quotes   “As long as you do right by the investors and you deliver the product, it [finding more investors] doesn't tend to be a challenge. But that can ebb and flow with the challenges in the market.” - Steve Olson   “You got to focus on those markets with population growth, low unemployment. If you're building real estate in markets like that, and you're patient, you will generally win.” - Steve Olson   “The name of the game is flexibility.” - Steve Olson ----------------------------------------------------------------------------- Connect with Steve Olson on Linkedin. Visit his website and email him at solson@fig.us     Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Steve Olson  00:00 Take more time. Give yourself as much flexibility as you possibly can because we are in unknown waters right now. And while there's a tremendous demand for the product, it's difficult to bring it to the market. I will say it comes with a good thing. The rents are just going up when it's difficult to get products on the market. And there's a huge demand for that product. I don't like planning on higher rents, but I've never not seen it over the last 18 months. It's definitely happening.   Intro  00:28 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:40 Steve Olson is the director of the Fourplex Investment Group. They build Master Plan Four-Plex communities in Utah, Idaho, Arizona, and Texas. Steve, welcome to the show.    Steve Olson  00:50 Good to be here. Thank you for having me, sir.   Sam Wilson  00:52 Hey, man, pleasure's mine. Same three questions I asked every guest who comes on the show in 90 seconds or less. Can you tell us where did you start? Where are you now? And how did you get there?   Steve Olson 01:01 Well, I started in real estate. When I was in college, I worked for one of the late-night infomercial gurus just shipping boxes and administrative stuff. His name is Robert Allen, many people probably know him. And I just inadvertently heard some of the real estate coaches talking about real estate. And I thought, hey, that kind of sounds pretty good. And at the time, I wanted to be an attorney, I was going to go to law school. And I thought I could flip some houses and go to law school. And then after I did my first deal, I realized, why would I go to law school. This is way better. And so I have been involved in this business in one way or the other. Since then I've been through a couple ups and downs, I made it through the crash. I want to say I made it through COVID. Who knows what that even means anymore. But I'm still here. And I've worked with the four Plex Investment Group building these masterplan communities. I eat my own cooking typically try to acquire a couple of these a year and have started putting together some bigger deals as well with some of our investors. So I don't know that answer your question?   Sam Wilson  02:02  It does. Tell us about the Fourplex Investment Group. What is that?   Steve Olson  02:07 That's a group of five companies that partner together, we're based here in Utah, where I'm coming from today. The concept was hatched back in 2010. If you were in the business in 2010, you know that nobody was buying land, right in 2010, at least in the markets where we operate predominantly to Western US. And if you were buying land, people thought you were completely insane. And we were still reeling from Oh, eight, what is this all mean, so on and so forth. But there was still a lot of cash out there, a lot of cash on the sidelines looking for a secure return, a recession-resistant return. And really a four Plex is an excellent way to achieve those goals. So the whole concept was hatched that All right, if we could build new four Plex communities, and put them within an HOA because you and I both know, these old dilapidated four Plex communities that are in every neighborhood in America, right, they were built in the 70s and 80s. And they look like garbage now, because there isn't a continuity in the ownership. So the thought was to build a new, let's put HOA investor own control over the top of them. It gives people the advantages of multifamily because they have multiple tenants servicing that debt, but they have that great single-family debt 30-year fixed true 30-year amortized. So it gives you a way to kind of bridge both those gaps. So we've been building these communities ever since. And we're in four states right now, the secret sauce is a pre-construction deal. That's our value add, if an investor is willing to come in and close on a construction loan, and go through the build, go through the stabilization process, we can actually sell it at a better cap rate than they can get on the open market. So as an example, if you hire a realtor to go find you a four Plex right now, in a lot of these growing markets, that cap rates in the fours right now, right, that's what it's gonna take, right? And if it's higher than that, then there's some hair on that deal you don't know about yet, right? So we just disclose the hair, we say, well, it's not built yet. Right? You got to go through this construction process. And right now that's something everybody feels because that takes longer interest rates are going up. There's some risks that you absorb in the new construction world. So in exchange, we say in a market where you're trading at a four and a half, five cap, we're selling at six and a half. And that's the investors cherry on top for going through that process.   Sam Wilson  04:31 So walk me through that. I'm sorry if I'm a little bit slow here today. But when you say that's the investors cherry on top, it may be just, break down the whole who the investor is, what part they play in your process. I'm not sure I quite grasp that.   Steve Olson  04:45 No, that's okay. You and I, we went in cold on that one, so no worries. So take it like this. Let's say we identify 10 acres in Phoenix, Arizona, and we go through all the preliminary plat issues we determine yet can be a four Plex community, right? We're going to pre-sell or pre-reserve that entire project. So we'll subdivide it up into 54, plexes. Right. And then we go out to our investors, Bob, the doctor Susie, the attorney, Fred, the business owner, right? These are the kinds of people that say, Yeah, I want a four Plex in that community. Right? So we're the builder for the entire community. But each of those four Plex lots is closed on and acquired by a separate non-pa type investor got it, right. That's who the investor is. Our property management company does all the lease-up all ongoing management, our HOA division does all the community maintenance and Community Supervision. But if you drive through that project, it looks like all bunch of townhomes. Right. But in reality, it's platted as for plexes, and it's owned by different investors.   Sam Wilson  05:55 Got it. I see. And they can get traditional 30-year debt on that. And, you know, just like you're saying the benefits of owning a single-family home, except you've got, you know, a four Plex to go with it. So that's really intriguing. And then what were you saying about the cap rate? Why, what's the value-add there? Or what's the play on the cap rate, rewind that for me?   Steve Olson  06:16 Well, just to kind of go foundational level here, at the risk of being too complicated. We all know, in an apartment complex the value add, the traditional is, okay, I'm going to go find a dilapidated apartment complex that's underperforming for one reason or the other. And over the next 18 months to two years, I'm going to get that complex in tip-top shape, right, I've added value. Now it's making the most money that it can its expenses and income is all in line, right? Well, you want to buy that apartment complex, when it's stabilized when it's when the value has been added, you're gonna pay top dollar, you're gonna pay it for four and a half cap rate, right? Same thing goes for a brand new four Plex that has tenants in it, right? You're not just gonna walk into that thing at an awesome cap rate, and all the risk is taken out of the deal, right, then that's what somebody is gonna want to sell it for sure. So what we're saying is, hey, look, here's our projected income expenses, here's our projected cap rate, when this is done, we're willing to sell it at, say, a six or six and a half cap, because you coming in taking the construction loan where we don't have to go borrow that money, we don't have to go through that brain damage that's valuable to us. So you're taking that risk, you're saying that four flex doesn't exist yet. But I believe this pro forma, I believe that in 18 months, it'll have an NOI of X amount of dollars, right? So I'm willing to take that risk, all about future value.   Sam Wilson  07:40 And for that, and for taking that risk, you sell it to them at a higher potential stabilized cap rate, say six and a half or whatever it is they go. Right. Got it. Okay, sorry, I'm running a little bit slow, must not have…   Steve Olson  07:54 No, no, it's a new concept. It really is.   Sam Wilson  07:57 I mean, it's not something we've explored this model on the show yet. So this is kind of fun to really dig into the nuance of it. It seems like there would be some challenges on a couple of fronts and tell me, I'm missing this somehow. But challenge number one, I would assume is, let's say you're developing 10 acres, and you're putting 54 plexes on it finding 50 investors who want to invest in that style of project, is that a challenge?   Steve Olson  08:24 Occasionally, it's been a challenge. Right? Now, if we had 500 of these things, they'd be gone tomorrow. It really depends. If you select your markets and your neighborhoods, right? We're constantly building relationships with the investors. You know, at first, yeah, this was a mind blow, what is this thing, right, and somebody will dip their big toe in, they'll be very careful at first, understandably so right. But when that thing turns over, they get their certificate of occupancy, the leases start coming in, they start getting rent payments, that's when they call us and say I'll take two more in the next one. And here are my three friends. So as long as you do right by the investors, and you deliver the product, it doesn't tend to be a challenge. But that can ebb and flow with the challenges in the market. Right? Sometimes things happen in the market, that make it take a little longer, it's a little tougher to deliver that. And that's not hard to understand, right now, when we're dealing with supply chain construction, right? stuff just happens. So sometimes the market is nice and easy, and the investors line up. And this is easy. Other times, it's brutal. And you know, you got to work together to get to that finish line. But typically, once you get there, and those rents start coming in, and then people go Yeah, that's worth it. Because you got to focus on those markets with population growth, low unemployment. If you're building real estate in markets like that, and you're patient, you will generally win. Right? Right, that becomes difficult to screw up. But between those two points, you don't control all that the market can change. So you got to be flexible.   Sam Wilson  09:59 Finding investors is one thing. Do you guys handle all of the lease-up for them? Is this really four Plex build for rent turnkey, where they just they own it, but yet you guys own it and manage it or not? Do they own it, but you manage it, you find the tenant, you lease it up? I mean, this is completely turnkey. Is this what I'm hearing?   Steve Olson 10:17 You know, to the extent that new construction can be turnkey This is it. Right? Well, when you're taking something from Roger, all the way to least up with tenant, there's going to be things that happen along the way, of course, right. But yeah, our property management company that we're affiliated with handles the lease-up, as well as the ongoing management. There's a tricky thing in this business model that we had to work through long ago. And it's kind of similar to the HOA side if we build 54 plexes. And tell all the investors Hey, good luck, go lease them up. Oh, man. But that's you can just It's horrifying. Right? Right. So we actually have a requirement, and it's built into our CC and ours that you use our management company. And most people go along with that they understand every now and then somebody gripes about it, we have to hold their feet to the fire, because when you let those horses out of the barn, it's tough to get them back in.   Sam Wilson  11:10 Yeah, I can only imagine. And then just the chaos that would surround you know, two of the 5054 plexes being run by somebody out anyway, that could be a mess. How about getting your investors across the debt finish line? I mean, that's a whole series of people and processes. I can only imagine that you say, Hey, me, do you have preferred lenders they have to work with? How does that work?   Steve Olson  11:34 Yeah, that's another one we learned a long time ago, you've got to have a solid preferred lender that knows investors, because you know, the investor, they're going to look at it from the standpoint of, well, I know a guy, he's really affordable. And that's great. But there's a detailed process here. And affordability, that can quickly get trumped by inconvenience. And really, our guy works on volume anyway, very rarely beat out. But the big key here is to get a construction loan on the front end, you've got to be qualified for the long-term financing. Right? They call it a Fannie Mae, a US approval automatic underwriting system. And when we can deliver that to a local bank that likes to give construction loans to our investors, they'll give that because they know Okay, Bob, the doctor is approved, he can refinance out of this construction loan when the property is built. So our test then becomes conditioning Bob that Hey, Bob, don't go buy a Lamborghini for the next 12 months, don't go do anything stupid, that's gonna affect your ability to qualify for a mortgage 12 months from now, and Bob generally behaves himself. We've had a couple of instances where he did not. So we helped him sell it, we helped him get some kind of a portfolio loan, but really 99 times out of 100. It works.   Sam Wilson  12:53 Right. Yeah, I wouldn't have thought about that. You're not dealing with one person that could make you know, again, serious changes to their lend ability, if that's even a word you're doing a lot of is now like that, thanks for the vote of confidence. Yeah, yeah, sure. That's really absolutely intriguing. What are some, and you've been pretty candid and told us a lot of things. I think that you said, Hey, we, you know, we've learned some of this the hard way. Is there anything else you can think of, he said, Hey, here's some kind of learning curve or learning moment, things that happened in the build for rent for flex base?   Steve Olson 13:26 You know, what's on my mind this morning. We have a couple of projects, these are specifically in Idaho. And we are just getting brutalized on overages, construction is going to take a lot longer. And in our contract with the investors, it's a fixed bid 12-month contract. And these contracts were entered into a long time ago. And so it's going to cost millions to pay the investors the penalties that will be owed to them, because of going over the 12 months, right. And so to me, when you're building to the name of the game is flexibility, right? Not committing to anything too far in advance, giving yourself longer construction loans, just because it's just even when you build the volume that we do getting the subcontractors to show up regularly and streamline that process. It's tough because you know, that can oh, wait a lot of these subcontractors, right? The tile guy, the framers, a lot of these guys went out of business and never came back. Right. And now we have all this demand, but we don't have that trade base. Finding these guys is just really difficult. So you know, take more time, give yourself as much flexibility as you possibly can because we are in unknown waters right now. And while there's a tremendous demand for the product, it's difficult to bring it to the market. I will say it comes with a good thing. The rents are just going up when it's difficult to get product on the market. And there's a huge demand for that product. I don't like planning on higher rents, but I've never not seen it over the last eight 18 months. Definitely happening.   Sam Wilson  15:02 Right, yeah, absolutely. Good point. Yeah, that's intriguing. I mean, like you said, Well month to get it built. And if you don't get a built man, that's a lovely piece. Yeah, that's a lot of heroes. And how you deal with that, I guess, that'll determine where you go next in business. And, again, how you rewrite your contracts. I mean, maybe at this point in time, you know, I'm sure you guys are rewriting stuff where you say, hey, looked, well, it might be 18. I mean, materials, supplies availability, it just I mean, there are a lot of things happening right now that are outside of everyone's control. So that's right.   Steve Olson  15:29 We've made a lot of changes for when we roll new product out the door, but we have to live with the past two, we've got honor those commitments and get them to the finish line.   Sam Wilson  15:37 Right. Wow, Steve, thanks so much for taking the time to share today. I love what you guys are doing. That's really intriguing. I guess one last question on that the big hot button topic is affordable housing, which we won't get into why housing is unaffordable, necessarily. But yeah. Right. We'll be here for way too long for that. Yeah. You know, tell us on this front, is there opportunity to build fourplex affordable housing? Do you see that as a, you know, possible, you know, next move for you guys?   Steve Olson  16:04 Well, I just want to qualify that statement. Because when you say the words, affordable housing, right, it really depends on who you're talking to. One person is going to hear that is Section Eight, government subsidized housing. And generally when you say affordable housing, that's what is intended, but some people hear, I just need some housing that's affordable. Right? That's not sky high, you know, because these apartment complex keep getting renovated up to class A status, the rents are ginormous. So I see it on two fronts, we actually are just working on one. Here in Utah, where the city did require an affordable component, we have units that will be rented at 6080 and 100% of the AMI, the area median income, and that's we're getting a little bit into affordable weeds there. So they required us to peel off some of those. And you look at the cost of building those versus what the rents that you can charge are. And there are some perks that we get with that, that we can pass on the investors that make it worth it to them to acquire a unit where the rent they can charge is capped right. Now luckily, that rent flows with the AMI as it adjusts. But then you look at housing that is not affordable housing, but it's just affordable. It's easier to afford for a market renter, right. And we're certain I actually think that's what we are, you know, we're not building these giant club houses with a Ritz Carlton style pool and a trash valet. But we're not building you know, you can't build C class we're like a high B, right, where we get some good amenities, but we're not going over the top. So there are a couple 100 bucks less a month and they are for a class A apartment, and that has served us very well. Even though it's not the definite definition of affordable housing. It's a little more affordable, right? Therefore it's beneficial.   Sam Wilson  17:56 Yeah, and I think that's absolutely intriguing. Just like you said, the amenities aren't required in this style of bill. It just everything you've talked about on this product. I haven't pictured those Class A amenities I'm picturing a place to live. So yeah.   Steve Olson  18:11 We give them some good things. You know, they get a garage, right? They have a little more square footage, but we don't have your trash valet and you're not gonna be able to have a banquet at our clubhouse. You can work out there. We got pool, but it's nothing crazy.   Sam Wilson  18:23 Right, man. Absolutely love it. Steve, thanks for taking the time to come on today. If our listeners want to get in touch with you or learn more about you what is the best way to do that?   Steve Olson  18:31 Just go to our website. It's easy fig. Fig like the fruit.us fig.us   Sam Wilson  18:36 Awesome. Steve, thank you for your time today.   Steve Olson  18:39 Thank you.   Sam Wilson  14:34 Hey, thanks for listening to the How to Scale Commercial Real EstatePodcast if you can do me a favor and subscribe and leave us a review on Apple Podcast, Spotify, Google podcasts, whatever platform it is you use to listen. If you can do that for us that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories so appreciate you listening thanks so much and hope to catch you on the next episode.

We often hear investors tell the story about starting in single-family rentals and then quickly changing to multi-family properties to kick their growth into hyper-speed. But that transition is not always perfectly seamless. In this episode, Emil shares his struggle with one of his multi-family properties, and Michael helps him come up with a plan to solve his problem. --- 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 everybody? Welcome to another episode of The Remote Real Estate Investor. I'm Michael album and today I'm joined by my co host,   Emil: Emil Shour.   Michael: And today, Emil and I gonna be talking about his real life debacle that he's in with his triplex and how he's going to be getting himself out of it. So let's get into it.   All right, well, a meal first and foremost, and to all of our listeners and watchers. Happy New Year. We're recording this a couple days after the first, you have a good celebration?   Emil: Happy New Years, my friend. Yes. I had some delicious I made some wagyu steak at home. We fired up the hot tub at our new house. So it was very mellow, but very relaxing and awesome new year. How about you, man?   Michael: Nice. It was great. I went with my wife to a friend's house out in Stinson Beach. California was just right on the water hanging out through the beach walking doing some paddle boarding so no complaints very relaxing.   Emil: Very good man.   Michael: So today earlier before this episode, you and I were chatting and you've got this triplex and it's given you some headache. And I know you've talked about the this particular triplex in the past but maybe never in this capacity. So if you could bring all of our listeners up to speed what's going on with this triplex?   Emil: Oh, man, so for anyone who's probably been listening to the show for a while they know the infamous triplex I'm sure you're tired of hearing about it. But this was a triplex I bought is my first foray into small multifamily. I bought this the end of 2020, November 2020. middle of last year, we had as planned some tenants move out, which was great. We wanted to do some work because it was pretty far under market rent. And so long story short, took us a couple months got the work done. And this one unit of mine has just been sitting vacant for a very long time.   I had a my previous pm who wasn't very good. They came to me and they said, all right. It's very diplomatic of you. We have it I have a new property manager as of late so we're seeing how they're doing. But this property manager, we finished everything, the leasing agent. I thought this this property could probably rent for or this unit would rent for somewhere in like the $600 neighborhood. He's like, No, the market has gone up a ton. It's really hot in St. Louis right now. I'm going to shoot for $850 and kind of raise a red flag, but I'm like, You know what, I think this will be a good test of this leasing agent. If they're confident it they can make it happen. I mean, who's gonna say no to 200-250 bucks more rent per month, right? Like, I was like,   Michael: Okay, and this was, this was the old pm?   Emil: This is the old property manager. Correct. Okay, so sir, a 50. Crickets, I think a month later. Yeah, go ahead.   Michael: Sorry. Emil, what was the rent when you bought it?   Emil: The rent on this unit was I think 485 or something.   Michael: Okay, so you did the Reno and then your projection of six to 650 was already a big jump, but they're saying, Okay, now maybe almost double.   Emil: Right. Right. They're saying, you know, okay, we've seen rents go up across the country. They, I think they just overshot it. But I was, again, testing, right property manager I've been working with for about six months, new leasing agent, let's see what they can do. Right, let's see if they can, I think these are all just things to test, right. I try to trust and enable my property manager as much as possible. So I just let them run with it sits there for about a month, nothing, not getting really any applications with decided lower to 800 nothing for another two, three weeks, we lower it to 725 as Keep going Keep going. We get down to I think 675 650. And it had been months and months. And it was just the same old story, you know, property. The leasing agent coming back to me every week, telling me oh, I'm confident we're gonna get it this week. And it's just crickets every week.   And so, at that point, you know, this property with with getting it rehabbed and being marketed, were at like, five, six months of no rents. And to me it was just a major, major red flag. Like we're in a hot market, it's true rent is going up, but they just can't execute. And so for me, it was a time to pull the trigger and find a new property manager. I like to move fast. I don't want to wait too long. I think I gave them enough chance and I just wasn't really happy with what they were doing. So I have since then moved to a new property manager, the beginning of December. We've been Marketing at 650. And we're getting kind of similar stuff.   What's interesting though, what the difference is here, this property manager, they no longer accepting voucher tenants, and they just have higher qualifications, which I'm okay with. I'm okay if we wait a little.   Michael: And what's a voucher tenant?   Emil: Voucher is Section Eight, someone who meets a certain income threshold where the city the local authority is helping them pay their rent.   Michael: Okay, so this Pm is not accepting those tenants.   Emil: Yeah, they've decided, I think this is recent, they decided they're no longer filling vacant units with voucher tenants. So okay, which is fine. I want them to manage, you know, I want them to do whatever they're comfortable with, they have 1200 plus units, they manage they know this game, so I'm letting them handle it.   So it's a new year, you know, December was slow the holidays, we didn't get much. And so now it's like, my leasing agent comes to me, he's like, I think we should be at 600. That seems where the market is, is telling us to be. And so, you know, this is just a rough spot for me where I'm like, What do I do here? I've tried multiple property managers. Is it my location? Is it the property like what's going on? And I, you know, I get different answers every week. But it's like, Man, I don't know. I'm curious if you've been in positions like this, what do you what have you done to get a tenant in place? Some additional background, I'd call this a classy property over 100 years old, you know, it's been, there's things have been fixed, but it hasn't gone like I didn't got rehab this place or anything special. So okay. That's the context.   Michael: All right. Well, I've got an answer for your question. But I'm gonna first answer it with a couple of more quality questions for you, my friend. So this Pm that you got rid of, because I think I know, I've been hearing a lot of stories like this from people both in the academy, and then just people, fellow investor, friends and colleagues that they're frustrated with their PM, and they don't know what to do, and they don't know how to approach a situation. So was this lack of getting a proper at least, like the final straw? The, the, the, the property manager had been kind of screwing up up to this point. And this was the straw that broke the camel's back, or, or was this kind of that first, second and third strike for you that said, Hey, I gotta I gotta make a move.   Emil: The rehab, I think was it went a lot longer than originally anticipated. I think that's every rehab, right? Like, every time you hear about that, it was just like, you know, I got pictures back. And the quality of my property managers telling me, oh, work was great, blah, blah, blah, I'm looking at the work. I'm like, yeah, it's okay. And it looks like we you know, we didn't pay. It wasn't the cheapest, but it wasn't the highest. I don't know, just, it was a couple things for me. But I would say the majority of it, it's the if you can't lease my place, like, how can I continue working with you? That was the majority of it, like, your leasing agent isn't doing their job? I can just keep a property with you. That's sitting two thirds vacant?   Michael: Yeah. Now it makes total sense. And so what was the physical process that you went through to get a new property manager? Was it a, let's have a discussion with the existing pm saying kind of an ultimatum, hey, if you can't do this, then this is the consequence? Or was it you know what I'm so fed up. And now I did this other stuff. So walk me through what you did.   Emil: I thought about saying, Guys, if you don't get this place rented by the end of whatever, like, I need to move on. My fear there is then I'm basically forcing their hand to find a terrible tenant, just to fill the place and keep my business. So I refused. I didn't want to set an ultimatum and then be in a worse situation a couple months down the road, I try to work with them. You know, I'm following up. I'm not like playing on the sidelines, like I'm getting regular updates. I'm trying to just hold them accountable as much as I can. And just seeing how they do things. And I I wasn't happy with it for months. And so for me, it was just time to move on. Try something new.   Michael: And so were you interviewing other PMS? Did you cut the cord before you found a new one? What was that process? Like?   Emil: You know, I talked to this was my second property manager in St. Louis. So I had been talking to some other property managers, there's people in the academy who you know, I chat with in Slack, and they tell me, Hey, you should check out so and so. It's funny, you talk to two different investors who've used the same property manager and you get a different story. And so I hadn't, I hadn't there was one backup I was thinking of, but I had mixed reviews about them. And then actually, you had a friend who was raving about a property manager they use in St. Louis. And I, you know, I was getting fed up like, Hey, man, just give them a call. So I called them we had a good conversation. They seem like they really knew their stuff and so, so further out has been great.   You know, the last property manager, I was using smaller team, which I was curious to see, like, you know, do I get a little bit more sway with them because they don't have 1000 plus units. But I think sometimes you find that their operations are lacking, or as this company 1200 Plus units, their operations are much tighter, I get answers faster. They have a person who like they have people who master a certain domain, not like you're wearing seven hats within the company, which is actually yeah, I think better personally.   Michael: Yeah. Makes total sense. Just, you know, why did you say you're so surprised? Like, can you have a friend like, what are you just like, pick? I don't have friends.   Emil: And what was funny, because you asked, and I'm like, Well, you know how this story ends? She told me about the property manager. You're asking me like, you don't know. But you know,   Michael: It's it's part of the ship, man, you know, it's for the pod. Alright, cool. That makes sense. And I think that's really good takeaway from from like a process standpoint, for anyone who is in a similar situation or feels like they might be in a similar situation with the property manager of being kind of fed up or having the the demerits accumulate. This is a pretty repeatable process that anyone can go through. And frankly, I think you should be interviewing property managers, as soon as you get an inkling of yours not working out, because you don't want to wait till after the fact you don't wanna be playing catch up, you want to be proactive and have a plan B, and possibly even C, for if and when that day ever does come that you're like, I'm done.   Emil: Yeah, I can tell you personally, every time I've started to have doubts about a person, a vendor, or whatever, and I try to work through it, it almost always doesn't work out. So I feel like once you have that gut feeling like things aren't working out. Like you said, you should be talking to other people as a backup, because I found it rarely works out.   Michael: Yeah. But so do you think then now having had that experience, you as soon as your next vendor, or relationship you get that gut feel? Are you going to cut the cord sooner? Or are you still going to try to kind of work through it to give people the benefit of the doubt?   Emil: I stupidly still give people benefit of the doubt and try to work through it. Because you know, I'm, I'm not like going to fire somebody at the first. A mess up is different to me than like, I don't feel like this is going to work out. Everyone messes up its account, a bit like, are they accountable? Do they have a plan for how to fix this? It's a matter of like, when people mess up and there's no accountability, and they're not. They don't have a game plan for how we're going to fix this or anything. Or they're just being vague. That's when I'm like, Okay, this is starting to give me red flags.   Michael: Yeah, makes total sense. And then just out of curiosity, when you ran this, the numbers on this property, how did it cash flow? I mean, what was your expected monthly cash flow?   Emil: I don't remember the number I can probably go dig it up. It was probably gonna, I think it was gonna be once we rehabbed it, you know, if I include all the rehab costs, as like, my cash in the property, we were probably going to cash on cash around 10%. I think it was   Michael: Okay. And so now the fact that this property or this unit, the middle or whatever, the the unit is vacant, are you negative cash flow every month? Are you still able to cover your costs?   Emil: Uh, that one we were okay with when it was offline, we have the bigger townhouse style of the triplex vacant. That's the moneymaker. Right? That one's like 1000 Plus that we're marketing it for right now. It was at like 850 or 900. Before. So with just the one bedroom that we were talking about just now, offline or vacant, we were okay. But now that two are are vacant. Yeah, we're, I'm coming out of pocket every month. Right now.   Michael: Okay. All right. And so is your property manager seeming confident that I can get the bigger unit rented out just as easily as the smaller one.   Emil: They I mean, when I'm looking around my like, on Zillow for in the area for a three bedroom apartment. There's nothing right now. So for me, it's a rough time because it's the new year. It's cold, usually in colder climates, tougher to get people moving, like people don't move as much during the winter. Plus, you also just had the holidays. So not a lot of people, not as many people are moving. But in looking at the landscape. Like within a half mile mile radius. There's literally no three bedrooms for rent. So anyone who needs some bigger space, we're looking pretty good. I just think it was a time of year. So I'm more optimistic about that one. I'm just this this one bed one bath is like, Man, when are we going to figure this one out?   Michael: Yeah. All right. Well, that's super good perspective and good background. So getting back to the crux of your question with you know, advice tips have ever been a situation before? Yes to all three. In April of 2020. So right when COVID was really hitting hard in the States, I was trying to rent out a freshly rehabbed four unit that I talked a lot about on prior episodes, which is like, Oh, my God, could you have picked a worse time to have four units have to come online. And like at a at a premium, they were really expensive units, because I put a ton of money into them, they're very high end, because when I started the rehab in 2019, that's the way things were going. And so things would have worked out quite well.   And so we just could not get these things rented for the life of us, my property manager, somebody your started high, and then brought them down low, which I was fine with, because they've been vacant for so long. So it's an extra three, four or five weeks to try to get them leased up. So it would came to a point where we were kind of at our bottom threshold of where we could be. And I said, Hey, let's start doing some some moving specials. 200 bucks off, 300 bucks off 400 bucks off per month to get someone to move in, just so it made that easier for them to get in the door.   Because I think that I think a lot of people forget myself included, is when you physically go move into a new property. There are a lot of expenses associated with doing that. So first and foremost, there's the physical cost of moving, if you're going to rent, some kind of assistance, whether that's movers or a truck, whatever, then there's a security deposit, which is usually at a minimum, one month's rent could be one and a half month's rent. And then you have first month's rent, and sometimes last month's rent. So depending on what the lease structure looks like, I mean, so for that $600 A month unit, you're looking at a minimum of 1200 bucks if they move themselves 600 bucks and in deposit 600 bucks for the first month's rent. And so if you could just make it a little bit easier on someone to move in, it can often go a long way towards actually getting the needle moving, so to speak.   And so we did this on, I think three of the four units. And we had people in there, I think within a month, which was pretty awesome. And so what I did is basically I just said, Okay, how much is this each unit? How much is it costing me on a daily basis in like last opportunity costs essentially. And so what I figured out is, look, if I can get someone here in here in two weeks versus a month, and I'm giving them 400 bucks off, I'm kind of picking numbers here at random. That's actually cheaper than if the thing sat vacant for an additional two weeks. And so I would encourage you to do the same thing and sit down and say, Okay, what can I stomach from a financial perspective? Forget the ego side. But put that aside, your ego is not your Amigo. And you know, what can you financially stomach and say, Okay, well, if I can get if I give that to a discount, and somebody just to get them in here is you know, that can often be a really good move.   Emil: Yeah. I have a question. Did you find that you guys weren't getting a lot of activity? And then you did that special? And you were? Because we're we're getting interest? We're just not getting qualified applicants. So did you guys have a like a traffic problem? Or was there a quality problem as well that your PM was like, No, we don't want these types of this tenant doesn't qualify before you?   Michael: I, I think it was both, I think but because they handle all the inbound leads. That's not something that I get too involved in. So I don't I don't really remember specifically. But I think it was both a traffic and a quality issue. But try it. I mean, worst case scenario, you still don't get any qualified tenants inside two weeks, and you take it down, and you go back to what you're doing originally. I don't think it it hurts to try.   Emil: Yeah, yeah, I should. I should just email my leasing agent. Honestly, I'm gonna do that right after this episode be like, Hey, let's do a $200 off special. And we should just time bound it right. Did you guys time bound to like move in before the end of January or? Yeah,   Michael: Exactly. Yep. To encourage encourage people to stuff like, Hey, here's a carrot to do something.   Emil: Right. Cool. I'm doing that right after we hit pause on this. Yeah, stop record. Right.   Michael: Yeah. Can you post it? I think little things to differentiate yourself too. Because I mean, there might be a bunch of other ones in the area for 600 bucks a month. Right? But if you can be different. And we all like to think that we're different because of whatever we did to the property physically, that we put in granite countertop, whatever, why couldn't someone see the value here, like, of course is a good deal. But we need to remove ourselves from the situation. And so yeah, often just giving a monetary instead of like money talks.   Emil: From these experiences, do you when you go into a vacancy, and when you're going to rent it out? Where do you like to be? Do you go market do you start a little high and come down if it doesn't work out? Where do you how do you start the game?   Michael: Yeah. So on these ones, we started definitely top of market because they were brand new. And so that didn't work out. So then we kept lowering and lowering and lowering. So I think that especially for for some of the markets that I'm in and in the price points for the rents that I'm in the difference between market and under market, like isn't a huge deal, right? You know, 50 bucks, maybe maybe 100 bucks versus what does that vacancy cost? In, in the amount of time it takes you to get that unit leased?   Emil: Right.   Michael: So it tends to be nominal. And so I'm happy being slightly under market, just to get bodies into the property qualified bodies into the property. But that's how I think about it. And then once someone's in there, I mean, it's much easier to keep someone and incrementally incrementally increase the rent, as opposed to trying to get someone in at a much higher rent. And so that's what we did on the on that four Plex is I knew that we were well under market. And so I got seven to 9% rent increases almost across the board on those units, because the rent went up, but it was still a great deal. So that's kind of how I think about it.   Emil: Yeah, I'm, I'm starting to feel the same way. Like if my property manager ever wants to go above, I'm going to say, no, I'd rather be at or slightly below and get someone who men turns are the worst vacancies are the, like, they crush you. So if you can be a little bit under I mean, I get it for commercial stuff. You know, every extra dollar you get of NOI it changes the value of the property, I get that. But in the single family and small multifamily space where things are run on comps, right? Like, I think getting rid of your vacant like having less vacancy, having someone just stay longer. I mean, I've seen it in my own portfolio, like the best performers are the ones where the tenants just don't move, and you slowly increase their rent, you know, maybe, maybe it's even small moves, nothing, maybe it's 2%, whatever it is, but like, making sure you don't have vacancies is like so key.   Michael: It's so so key. It's so key. And I mean to that point, too. And when it comes time for renewals, like you mentioned, think about even maybe not raising my rent, if someone's a really great tenant, what's it worth, it's you to keep them, right, 25 bucks a month, 30 bucks a month of what you might get in an increase. I think we need to sometimes get outside the spreadsheet, and just look holistically and say, okay, is this truly worth it?   Emil: No, Michael, my cash on cash will only be 8% instead of nine. And I'm not happy with that.   Michael: And my pro forma said nine.   Emil: That's right. And I want to tell people about my percentage on the spreadsheet. But let me tell you the percentages blow up real fast when you have a three to six month vacancy.   Michael: Yeah. So yeah, very, very fast.   Emli: So anyway, that's, that's what I've learned.   Michael: Awesome. We'll do this was like super insightful and great, I think, for a number of different reasons to talk about problems with PMS problems with leasing problems with rent setting. This is all really real world stuff. And it's not always butterflies and rosebuds, so I appreciate you being vulnerable and sharing with us.   Emil: Absolutely. I mean, I like when people talk about this stuff, like the actual stuff going on instead of   Michael: The real stuff.   Emil: Yeah, instead of just, you know, it's always this we talk about all the time, this is this is part of the business, like you have to be good at dealing with problems. It's not, you know, just mailbox money all the time. That's not how it works. So I think people have more realistic expectations. It's easier to when you have those challenges to just work through them so…   Michael: Well, already when that was our episode, a big thanks to a meal for sharing. This was great, man. really insightful, really humanizing, you know, this is good. This is good. This is therapeutic. This is cathartic. It's good to talk about the crap stuff.   Emil: That's right. You gotta you gotta.   Michael: As always, if you liked the episode, feel free to leave us a rating or review wherever it is that you listen to podcast. We look forward to seeing on the next one. Happy investing.   Emil: Happy investing everyone.  

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Today my guest is Tom Cruz. Tom is a 33 year old real estate investor based in Wilmington, North Carolina. After graduating from UNC W. Tom started wholesaling real estate and then graduated to bind single small multifamily properties. And in just a minute, we're going to speak with Tom about Section Eight real estate investing.

Anna Kelley is a 4X Amazon #1 Best Selling author and frequent guest on Real Estate Investing podcasts. She speaks at REI groups around the country on Buy & Hold Investing, Multifamily Investing, Vacation Rentals, Creative Financing,  Flipping, the Unique Challenges of Being a Woman in Real Estate, & making wise, conservative real estate investment decisions that will last through every market cycle. In this episode, Anna shares her amazing journey to financial freedom. Through multiple failures and hardships, Anna's unbreakable motivation helped her push through adversity to build a multi-million dollar net worth and focus on what is most important to her, her family. She covers everything from single-family real estate, small multi-family and larger multi-unit syndications.  Anna's websites: reimom.com greaterpurposecapital.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: Hey, everyone, welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today with me I have a very heavy hitter multifamily investor syndicator Anna Kelly, throughout the entire episode I called Ana Anna and she was so graceful to not even correct me. So we have her on the show, and amazing woman, really a lot of great things that she talks about with regard to multifamily investing. Let's get right into it.   Michael: Anna Kelly, thank you so much for coming on the show this morning. I really appreciate you taking the time to hang out with me.   Anna: Thank you so much. I'm so glad to be here.   Michael: So for those people that don't know who you are and your background, I'd love if you could give us a little bit of brief history into who Anna Kelly is.   Anna: great, I will try to be really brief, right? I've been investing in real estate for a little over 20 years, I think I bought my first property in 1999. And before that I had a financial background. So I worked in the financial sector, I was a financial relationship manager for Bank of America and our private banks. So I worked with lots of traditional investments, and really had a 20 year corporate career in the traditional financial sector, working on investments for high net worth individuals.   And one of the things that was interesting, Michael, is that I learned a lot about investments and what to do with it once you became wealthy. But even through all of my years of financial advisory training and college, no one taught me how do you actually create the wealth other than waiting 45 days and 45 years until your retirement accounts are finally enough that you can retire.   And I had a couple of clients who were very wealthy who laughed at the double digit returns that we could offer at our bank at the time, because they made more money in real estate. And I went okay, I've learned nothing about real estate, I need to at least start to learn and see if that's something that I should consider once I have a lot of money.   So I knew a lot about investments thought about real estate. But it wasn't until I had my first baby that really changed my why like, I really want to be home. I have this great six figure career I climbing up the corporate ladder, but I want to be home with my kids. And so I'm going to have to try to figure out how do I replace a six figure income doing something different from home and real estate was the way I did that. And that began a 20 year journey for me and to small multifamily large multifamily, ultimately retiring a multimillionaire through small multifamily real estate, leaving AIG two and a half years ago. And since then, I've been focused on large multifamily syndications.   Michael: Oh my gosh, what the track record you had. That's awesome. So   Anna: It's been a long time.   Michael: I think just a blip on the radar as a blip on the radar when when you were doing your financial advising, did you think that real estate was a realistic vehicle for to get where you want it to go, or you only saw it as kind of the the finish line, that's when you could start?   Anna: The latter, I had no idea how to get started in real estate, I learned not a single thing about it. It was not even an option for growing financial wealth in terms of what we were taught. It was all about stocks, bonds, mutual funds, annuities, really to grow the wealth that you already had. And because we already worked mostly with wealthy people, we really weren't starting from the beginning with a lot of people like, you know, yes, we would, we knew what to tell you. We'd say hey, you know, set aside 10 or 15%, put it in stocks, you know, more aggressive when you're young and match, you know, everything you can for 401k company match and eventually you'll get that million dollar nest egg by the time you're 65 and then you can live on 4% of it like $40,000 a year. And supposedly you'd be really comfortable for the rest of your life. Right?   Michael: Yeah.   Anna: And we thought that was really smart and a good thing. But I figured it would take me that 45 years to develop that million dollar you know, nest egg I never thought wow, if I invest in something else I might be able to create a significant cash flow today that will make growing wealth possible before I'm 65 never even crossed any of the conversations that I had.   Michael: Interesting. It also blows my mind that you could get double digit returns by park your money in a bank.   Anna: Well in in tools and products that we had, sometimes they were you know hedge fund type investments.   Michael: I got you I got no Not a CD?   Anna: No, but CDs paid a lot more back then than they do today. So even then I think our CDs were probably seven or 8%. They were pretty high compared to today.   Michael: That's incredible. That's incredible. Okay, so So now let's fast forward. So you found real estate, you're like, This is what I'm doing. Talk us through that first deal. And then your subsequent How did you get into small multifamily after that first deal?   Anna: Yeah. So it's really interesting, kind of going back to that my, my mind was piqued that I needed to think smarter about money, and that I needed to think about real estate as something to at least explore. And I lived in Houston, Texas at the time, and my rent was really, really expensive. So as I was starting to think about am I making wise financial decisions? I thought it's really dumb that I'm blowing, you know, 1000 $1,200 a month on rent 20 years ago, why don't I buy a condo, maybe I could buy a condo, have my my total expenses be less, and then down the road, when I'm ready to buy a house, I can run out that property. So that's what I did. It wasn't that I thought real estate's gonna grow wealth, I thought real estate as a way to to live below my means a little bit and down the road to give me a little extra cash. So that's the only real thought I had about real estate when I bought that first condo.   And then I thought, you know, real estate is kind of a speculative thing. I got into about 20, 2002 2003. And a lot of people were starting to buy homes and build and kind of rough areas that were re gentrifying, and they were making $100,000 in a year or two after building and I thought, oh, we'll speculate we'll buy a house where there's, you know, it needs to grow. And the neighborhood's not so great, but right across the street, there's lots of expensive homes. And I thought we built it in a year, it would go way up in value, right?   Well, it didn't, didn't work, right. And then I had my baby, and I watched, I was on bed rest for three months, and I watched a lot of HGTV flip this house, it was the first year that they were coming out, like all the shows, okay? It's like, Oh, my goodness, honey, I said to my husband, I got a six figure career, but I work 40 hours, 50 hours a week, I could flip three houses and make that much money, let's flip the house.   So with a three month old baby in tow, we went and got a traditional mortgage on a second house and decided let's flip this house. It has a garage apartment in the back. So we'll get a little rental income while we're flipping it. And that was our next investment before I ever even thought about really making real money with rental real estate.   Michael: Okay, and how did that flip go?   Anna: It didn't go well. We lost money. We made a lot of mistakes. It's not as easy as it looks on TV, right?   Michael: Never is it didn't take only an hour to do?   Anna: No, no, we made so many mistakes, we could we could have a whole episode just on the mistakes that we made, right. But essentially, we bought in the wrong place at the wrong time didn't know what we were doing. Way over budget way over time. It took us a year to finish it and sell it. And we lost total about $10,000 with holding costs and everything, which honestly for our first flip wasn't terrible. But my husband during that time lost a job. So we had two mortgages, a six figure school loan, a new baby and one job and he said we're never doing that again.   So put real estate aside. We said okay, the way to wealth is entrepreneurship, my husband will start his own chiropractic business. So we moved to Pennsylvania, for him to start his own practice thinking that in a year or two, he'll make all this money. It was 2007 the height of the economy. And I told my company, I'm moving Can I work from home? So they gave me this like trial period. They said, well let you try it for three months. Back in oh seven, no one worked from home. So it was like I thought this is probably not going to work. We need to be really careful with our money.   So what we decided to do, Michael is instead of buying a big house in Pennsylvania, after we sold our big house in Houston, we decided to house hack, I saw this little four unit apartment building right behind us practice that had that was for sale. And I thought you know what the building that my husband wants to lease in is also for sale. I could buy that building. It has three tenants and four garages. And we could buy this four unit live in one of the units and essentially the rental income would cover the expense of living and the expense of starting his practice. So I never thought about that until I came here and saw these properties for sale. And I was just thinking, what would be a wise move? Well, that would be a wise move because we'd have a little extra money.   So it really started only as a protection airy move because we were relocating and starting a business. Not because at that point, I thought it was the way to Well, that took me a long time to figure that out.   Michael: Oh my gosh. And so how did it go once you bought those buildings?   Anna: It went really, really well. Obviously, we were living well below our means, right. But we were working on building his business and had another child at that point. And so I was working full time he was doing his business. And we learned to become landlords, we learned to update property, you know, update our units and fix toilets and answer tenant concerns and collect rents. We basically self managed everything because we didn't know any better, right? So we learned the hard way.   And what happened was the next year, my husband's business did amazing. But then the end of 2008, we hit the Great Recession, I worked for AIG, who was going under who was in the news every day, I was told, look for another job, we're probably going to be sold, we're probably going to have our department, you know, gone laid off. And I lost about three quarters of my 401k the same week. And i i It was one of the hardest weeks I've ever been through. I also found out I was pregnant with baby number three the same week. So my job lost the 401k. Pregnant. And I was the only breadwinner because my husband had a business startup with lots and lots of debt.   And the only thing that went well, during that time, my goal was that my tenants were still paying. And I thought, everything I've been taught and taught our clients about the stock market only works until it doesn't like the biggest companies are crashing, and they're not coming back. Right. So I learned that my trust in a job and my trust in the stock market was not well placed. And the only thing that was consistent was my tenants needed a place to live and they were still paying.   And so what I did is I took the rest of my 401k I took a loan against it, and I put it as a down payment on another four unit building. Because I thought if I lose my job, I'll at least have an extra 1000 to 1200 a month coming in to cover the cost of diapers and formula a new baby. And I just bought it again as a protectionary move because I realized the power of that income that was even stable during a mass recession, the great recession. And that was the first time I had the aha moment in early oh nine, that real estate was the path I was going to take for financial wealth creation and stability.   Michael: Wow. Wow. That's unbelievable. So.   Anna: It was crazy.   Michael: So I mean, you really saw these as as defense moves so much more than offense?   Anna: Yes, at the time. Absolutely. It was just, I got to put food on the table. We've got you know, we moved to rural Pennsylvania from one of the largest cities in the world, Houston. And so I knew I couldn't just go out and find another six figure job really quickly living literally in the middle of cornfields and farmland and chocolate. So I thought I've got to create extra income so that when I get laid off from AIG, and I take a lower paying job, we'll still be able to cover the cost of his business and to, to live for a while till things got better.   So, you know, I wish I could say I was smart enough to figure out 10 years before when I first heard about real estate, that it was a way to create wealth. But I just had to kind of figure that out through really, you know, the economy collapsing before I realized, wow, there's something more powerful about real estate than just something that'll cover our expenses like this is really a way to preserve wealth. Why didn't I ever learn about this?   So I decided at that moment, this is the time for me to go all in to learn. And I bought one book, didn't have blogs didn't have YouTube, I bought one book, Multifamily Millions by Dave Lindell. And I'm like, Oh, my goodness, I have these three properties now, basically 12 units. And if you buy multifamily, you can force appreciation, and you can make them worth more and not only create more income, but create equity to then be able to go buy the next one.   Well, I had no money, Michael, I mean, all of our money was in our stock, my stock market, and it was in these down payments, and it was in my husband's business. So I thought the only way for me to grow is I've got to fix up these units force the appreciation. So that one book was kind of like an aha at the same time. And I started just working on fixing up the unit's we had, making them worth more, and then waiting for banks to finally agree to let me take the equity to continue to buy the next one, then the next one and the next one. And once I figured that out, it was really, really quick, how wealthy we were able to become just from small multi units kind of doing the BRRRR method.   Michael: So you were house hacking before it was a thing you were doing birds before it was a thing that you were revolutionary, and this is amazing.   Anna: I never thought of it that way before. Yeah, makes me feel better about it taking me a decade to figure it out.   Michael: Totally, totally. So were you doing that fix up, work yourself? Are you having contractors do the work? What was that like?   Anna: Oh, We did everything the wrong way, looking back, but it made us we gained a lot of wisdom through the mistakes, right? We took it all on ourselves because we didn't have any other money. And so at the time, I didn't have a support group that could say you can use other people's money to buy these properties you get and there were no hard money lenders, they all went under, right during us, 08-09, like lending dried. And so I didn't know, you know, my banks wouldn't help the banks wouldn't let me have equity. They knew I worked for AIG, and was probably one week away from a job loss. Real estate was going under. So they didn't want to lend on real estate.   So I couldn't find anybody to say yes, to help me take that equity. And I didn't have anyone to encourage me that you don't need the banks to grow like, hey there seller financing, when I finally figured that out. And I was able to grow through seller financing. Like it was another one of those just the next thing and the next thing, but I just didn't have a support system or anyone to challenge my thinking, to let me realize that I really could grow more real estate even though I had no money.   Michael: Yeah. That's so interesting. That's so interesting. And so if we take just a step back, because you did something that I think so many investors have a really hard time wrapping their heads around, you went from single family to a four unit, almost seemingly overnight. Aside from being scared and and trying to play defense, was there a mental shift? Or how did you wrap your head around,Okay, well, I understand single families because I lived in one and I've owned one, I've tried to flip on to then buying a four unit building, that's a leap that I think a lot of people have a hard time with. How did you get there?   Anna: You know, I think I didn't really have that mind block of fear of that, because everything I was doing was so new, right? It was like, we're gonna start a business because I want to be home with my kid. And the only way for me to do it is become more reliable on my husband's income than mine. So we're just gonna have to figure out how to be an entrepreneur and start a chiropractic business, right. So I was like, Okay, I'm willing to move to an estate, start a business, my husband's a great doctor, but he was not a businessman, no entrepreneurial brain in a bone in his body, he just okay, wasn't thinking about that. So I'm like, I'll have to learn how to do his marketing, I'll have to learn how to do billing and how to hire people.   So I was willing to do whatever it takes, because my why was so important to me, like, I will get home with my kids, I don't care what I have to learn, I'm going to figure it out, to help him be successful. And the real estate was just a small piece of that. So it was another another one of those things, I looked at what it would cost to lease space. And it was really expensive. So I thought we're gonna have a lot of risk that we're signing a multi year lease, and 95% of businesses fail in the first couple of years. So that's not super smart.   But I see that there's a building here for sale or for lease, what if we bought it since there's tenants? What would that do to our expenses? And if the business failed? Could we lease it out to someone else? So it was just those wheels turning going, how can I figure this out? How can we start a risky business with a lot of money, a lot of debt, and do it in the safest risky way we can. And that's how I figured out hey, let's buy this property. It wasn't that I thought I'm gonna move to four units from a single family it was, let's do something that's financially smart, that protects us as much as possible. So I didn't have that that block, but I was willing to do whatever it took to succeed at me getting home with my kid, that's really what it came down to.   Michael: I love that. And it's something I talk about all the time with investors is have this why develop your why figure out what's going to push you through the scary times and pull you through the unknowns.   Anna: Absolutely. And that that removes fear when you have at least the confidence to say I know what it is that I want. And I'm willing to move Hell or High Water to figure it out, no matter how long it takes, it removes some of the fear, right? I never could say, I can't handle a four unit or I can't handle that, or it's too big it was, this is what I need to do. I've got to stretch myself, I got to start thinking outside of the box and just figure it out until I figure it out. And I think that that that attitude is what really helped me.   So if you're struggling to go from single to four unit, it's only scary in your mind because you think it's so different. But it's really not that much different. It's just four units in one building instead of buying, you know, for single family houses one at a time. So surround yourself with people listen to podcasts like this where you're hearing other people doing it, it makes it much less scary and then just do it.   Michael: Yeah, that's so good. And then so when did you move into the really scary five unit plus space?   Anna: So that first building was actually commercial, right? So it was like a mixed use five unit. And then I bought the four units and what I did is is after that great recession When I pulled my 401k, and I bought that third building and I read multifamily millions, then it was like, Okay, now I need a plan that if I want to replace, you know, $150,000 of income, I'm going to need to buy, you know, one four unit building every year for the next so many years, and then I'm going to need, you know, then it was I need three, four unit buildings to to really meet my number.   So I just made a plan that said, I need 60 units. And when I have 60 units, I can leave my job. So how can I get 60 units. And so in my market now, I wanted to go straight for that 60 unit, or a 30 unit or a 20. But I had no money. Zero. Banks wouldn't lend to me that wasn't going to happen. So I said, Where is there opportunity. And in my market space, there were a lot of four unit buildings for sale. And so I'm like, there's all these four unit buildings for sale, and they're sitting on the market, because this was the Great Recession, nobody was buying real estate.   So I thought four units is what I'm going to focus on because everyone's still buying the singles because now they're dirt cheap, richer, people are buying the bigger ones. So what can I buy? What can I afford? Well, I'll do one four unit at a time. And there's a whole bunch of them available. So I focused on the four units, because that's what there was, once I bought enough of them when I had 60 units. That's when I said Okay, at this point, I could literally walk away from my job and we didn't live on any of it. It took me five years to get 60 units.   Okay, so it's 12 units a year for five years, when banks said no. And when I got to that point, I decided, you know, before I quit my job, I really want to buy a much larger apartment building and syndicate my first deal. Because if I know I can do the first one. And I've already essentially, you know, for 10 years done the four unit buildings, it's just one in one location, instead of a whole bunch of separate ones, I had the confidence I could do a bigger complex because I was already managing 60 units, it's just a matter of making make it making it all in one building with more investment dollars.   Michael: So you were self managing that 60 unit portfolio?   Anna: Yes, I told you I learned the hard way, right. I wouldn't tell you all to do it that way now. But I live in rural Pennsylvania, I didn't have a lot of good property management options. And I didn't think I could afford them. Because again, my goal was get home with my babies like I need to figure out how to how to keep everything inexpensive to get the income where it needs to be. And my husband was a chiropractor working three days a week. So he had two days a week that he actually enjoyed the hands on. And he's like, I enjoy doing it. So I'll handle it.   So I did the money side, the people side and he did the maintenance side. Now we have staff and we have all kinds of other systems in place, right, but but at first it was just one rental at a time we'll self manage. We had some good contractors, right good trades in the area. And we'll get there. And then right before I decided to leave, that was my last goal is I'm going to syndicate my first deal. I found a 73 unit apartment building. Right in my backyard. It was off market. Right before it was listed. I met up with a seller and I bought it from him. And then I thought oh no, no, I'm gonna raise like $2 million that I don't have where am I going to find the money. So I reached out to some other people and I partnered with two people.   So we ended up joint venturing it instead of syndicating it. But when I did that first joint venture, and I had an investor say yes to me for a couple million dollar investment. Because I had worked with high net worth investors for 20 years, I knew how to talk to him about this investment, versus all these other type of investments, right. So I just said, this is a great investment. And once I got that first investment done, I knew that I would be able to syndicate and scale much, much bigger deals at that point.   Michael: That's incredible. And so I have to know that what came next after that 73 unit.   Anna: So after the 73 unit, I gave my notice to AIG. So all of that fear that I was going to lose my job in 2008. Because I worked with really complicated private placement hedge fund wrapped investments. Bermuda offshore, they couldn't sell our division, we were too complicated. And my job was really complicated. So I had that job safety because of what I did. That kept me from ever being laid off. And so I was able to give notice and walk away at 20 years and retire.   And at that point, I said to myself initially, okay, I'm just going to start doing bigger deals with my free time, right? And then I realized, all that desire that why for me to be home with my kids, and at this point, by the time I could finally retire I had four children, but they were all in school, Michael. So it's like, okay, they're all in school. What am I going to do with the rest of my time? Am I really going to sit back and you know, just go to the beach and You know, eat bon-bons, or am I gonna do something bigger?   And it took me a couple couple of months to really figure out what that bigger was. I didn't need to do a deal to do a deal anymore. I had created the wealth and the financial freedom. And what was really interesting is all that time I was so focused on the cash flow. And I never had to do a PFS because I was working with a small local bank. And that's when I had to do this big syndicate this big 73 and a joint venture. And I had to go to Freddie Mac for a, you know, multifamily loan and they needed a PFS. It was the first time that I realized that I actually have a multi million dollar net worth with all these apartments that I built up, I wasn't thinking about net-worth, I was thinking about income income, and how many do I need to grow this income?   When I realized that I had that net net worth and that I had the income and now I had partners who wanted to invest with me. I knew I could take my wealth growing to a much higher level by just continuing to do big deals. And so it was the first time that I decided, okay, I'm actually going to start syndicating bigger deals. I've worked with investors for 20 years, I've managed all these properties all this time. It just was kind of a natural thing for me to go into syndication, so I really didn't have any fear about it. It was really more taking time to figure out what's the best structure that I'm going to use for building multifamily syndications? Do I want to go solo? Do I want to partner with other people? Do I want to do joint ventures with a lot of different groups? So it took me some time to kind of figure that out with trial and error to see what my business model was going to be.   Michael: Okay. And now you've you've landed that multifamily syndications with multiple partners is is the way to go.   Anna: Yes. And for everybody, it's a little bit different, right. So some people are consummate entrepreneurs and the idea that multifamily syndications is passive is is a misnomer. That's not true. If you're really going to go into multifamily syndications, there's a lot of work you're you're just switching careers, right, you're going from whatever your W2 was to now I have a career of building a business, and being an entrepreneur with very large apartment buildings.   For me, because I worked 70 to 80 hours a week for over a decade, in order to create financial freedom. Once I created financial freedom, and I knew all the sacrifices I made all those years, I said I want to grow, but not just the set for the sake of being a serial entrepreneur growing some big wealthy company, my time was more valuable, valuable to me than additional money. So I decided very strategically that I'm going to grow my business really strategically, from nine to three every day. And the moment my kids come through the door, I'm not working.   So however many deals and how whatever model I need to figure out how can I continue to scale, but do it five, four to five days a week, nine to three, that's what I'm going to do. And so what I've decided for me, because my time left with my kids is so important. I have eight years before my baby's out of the house, I've decided to really joint venture with a couple of other really strong operators, I co asset, manage our deals, but I'm not responsible for everything. Like in the beginning with our own properties, we did everything.   Now I get to focus on what I'm really good at working with investors and asset management. And so I co-GP with a couple of other really good operators. Rather than starting my own company, where I'm hiring a director of acquisitions and hiring a marketing person and investor relations. I just don't want to grow the huge corporate company, because my time is so valuable to me.   Michael: Yeah. And I think that's really kind of reflected in your company's name. Right?   Anna: Yes. Greater Purpose Capital. Yeah, love it. And part of that, too. I'll just touch on that for just a second, if you don't mind, just because you just brought that up.   Michael: Yeah.   Anna: I grew up in Section Eight apartments, right. So Section Eight housing, I had nobody in my family with wealth or that knew anything about money. And I still have family that are in Section Eight housing. I have tenants that are in Section Eight housing. And so one of my big why's what I realized is once my once I was retired, right, I no longer say I'm retire, but I'm financially free, right and doing what I love with real estate. I knew that I wanted to make a bigger impact with what I do.   So part of that is really helping and educating other investors that want to invest passively how they can grow their wealth with passive wealth through syndications. But the bigger piece is that I really want to impact our residents while we're growing wealth. So if I can teach our residents financial principles and teach them financial literacy, so that they can move out of my apartments one day and become financially independent and grow and also give them hope that you can grow up in poverty and you can still change the trajectory of your future by making wise financial decisions. That's like a huge part of my why now so I spend a lot of my time working on materials to impact my residents.   Michael: Okay, that's so amazing. Anna, thank you for the work that you do, because I couldn't agree more that education is really the key key component here that's definitely lacking, I think, throughout our education system.   Anna: Absolutely. And even through, you know, look at me, I mean, I got my degree. And I was at Bank of America and a private bank, going through a multi year financial advisory training, and I still didn't even learn how to budget my own checkbook, and and develop the wealth. We can tell lots of people how to grow wealth once you have it. But there's very little financial education to show people, what are different ways you can actually truly create wealth. And really, there's no greater way than rental property, real estate.   Michael: That's so good. You're also quite humble and that you have not mentioned that you are an Amazon Best Seller as an author. I would love if you could share a little bit about your book with our listeners.   Anna: Sure. Thank you so much. So I have been actually in four books that are a compilation of authors like Chicken Soup for the Soul. One of them I'm really proud of is called The Only Woman in the room. And it's a bunch of women, real estate investors who in oftentimes, where we're going, we speak at these conferences, we speak if at the events and we're the only woman in the room, we're the only woman on stage. So it's really an inspirational book, I would encourage your listeners to get especially if you're a woman, or if you're married to someone that's a woman that really wants to be involved in real estate. It's highly motivational.   And then the last book that I did is actually called Bringing Value and Leaving a Legacy and Finding Solutions. And so it's all about that, that look, building your business for the purpose of leaving a legacy and creating a greater impact on the world with what you're doing.   Michael: I love that. And those are available on Amazon. Is there another website where folks can check them out?   Anna: Yes, you can find them on my website at REI mom calm.   Michael: Reimom.com. I love it. I love it.   Anna: Thank you.   Michael: And and Greater Purpose Capital is that have its own specific website as well.   Anna: It does. So Greaterpurposecapital.com is where you can find syndications, if you want to invest passively if you're an accredited investor, and apartment deals where we really go into make a meaningful impact on the lives of our residents.   Michael: So good, so good. And I want to spend just the last couple of minutes here picking your brain around why you think multifamily is such a powerful asset class as compared to single family or small multifamily?   Anna: Sure. You know, I think the biggest thing with multifamily is it's really shown resilience over many different market cycles for investors, whether you're looking to grow wealth, whether you're looking to create income, or whether you're looking for a safe place to park your money. While we can't say investments are safe per se, multifamily has often been a preservation of capital play during really rough times uncertain times, kind of like today, right. And so it's why a lot of institutional investors come in and swoop up and pay top dollar for multifamily apartments because they're very resilient to economic downturns.   So, you know, while they provide amazing tax benefits on top of income and growth, they typically don't lose value, because there's ways for us to force appreciation. So even if the market softens a little in terms of what they'll pay for every dollar of income. If there's inflation, I can usually raise rents, right. And so they're assets that will continue to go up in value during times like this of inflation, where my rents will continue to go up in value. And even if I can't sell it, because it's come down in value a little bit, I can usually live on that cash flow for quite some time. And the cash flow isn't tremendously impacted during downturns.   So for me, it's that it's that really recession resilient investment, as long as you're buying the right type of multifamily in the right markets, right. So if they're not all the same, just like single family house, and the million dollar range is not the same as a single family house in the $50,000 range. You've got to be making sure that you're in markets that are really resilient with population growth and job growth and wage growth and job diversity and low crimes and great schools.   So if you invest in those kind of really strong markets, you'll make significantly more money in multifamily than you will in single family and it's not transactional, you don't have to just buy and sell and buy and sell and buy and sell. You can buy one four unit building or 1 20 unit building or 100 unit building. And you can make a lot of money on it for a really long time and bank on that income for 510 20 years rather than having to you know flip and repurchase over and over and over again.   Michael: That's great. That's great. I think so many of our listeners are mostly single family investors some small multifamily and then some some mid sized to large multifamily. What are some Some tips, tricks, tidbits of advice you can give folks who are thinking about getting into multifamily, where they can hopefully avoid some of the stumbling blocks that you've maybe encountered or you've seen others encounter?   Anna: Absolutely, it's such a good question, you know, I would say first is start small and start where you are. So if you're in a market that has properties that you can afford that are profitable, start there, right? If you're not, then look for a market where you really have some, some alignment with some other investor that's in that market that knows it really, really well. So don't try to go into a whole new market on your own by yourself, if you don't have experience with larger multifamily, buy a small property and learn on a small scale. Because while there's a lot of and I speak at some of these events, right, so I'm not knocking it, but there's a lot of events and there's a lot of books that say go straight to syndication, right.   And the reality is, there's a lot of people that want to go straight to syndication, and now they're taking on millions of dollars of investor money, with very little experience. And when we have economic downturns like the Great Recession, like the pandemic, like where we are now, you better have made a whole lot of mistakes that made you really wise on the small mistakes that will keep you from losing your shirt and your investors millions of dollars, during times of uncertainty. So starting small gives us wisdom, it lets us fail small, so that we can fail up into the next thing and the next thing. So don't feel like if you're not ready or you don't feel that you have the competence or the scale or the money to jump straight into syndication, that you're doing yourself a disservice by starting small, starting small can actually be the wisest, safest way for you to do it.   And if you own the property yourself, 100% you can depend on that income for a much longer period of time than you can in a syndication.   Michael: That's so, so good. I once heard the phrase, I never trust anyone without a limp. And similar to what you're saying, if you've never done it before, you don't have the experience or the wisdom to fall back on when things go south.   Anna: Absolutely. And things can go south pretty quickly. You know, there's a lot to learn. So don't go it alone. That's the other thing is we started alone and because I did everything myself and I didn't even have a network of other people to bounce things off of. I made a lot of mistakes. You know, that took me a lot longer. So buy your own properties are buy with a partner but but listen to podcasts, you know, list, fill your mind with information, so that you can learn things without having to learn it by making the mistake.   Michael: Yeah. Oh, that's so good. That's so good. Anna this was so wonderful is the best way for people to learn more about you to get in touch with you via the websites that you mentioned previously.   Anna: Absolutely. You can also follow me on social on Facebook, LinkedIn and Instagram. I'm Anna “ReiMom” Kelley.   Michael: Awesome. Fantastic. Well, thank you again for hanging out with me. This has been so wonderful. We'll definitely be in touch soon. I can't wait to see where you head next.   Anna: Thank you so much. It's been my pleasure. Take care.   Michael: Alrighty, everybody that was our episode a big big big thank you to Anna for coming on the show. I learned a ton. We are definitely gonna be having her back on to talk more in depth about syndication, so keep an eye and ear peeled for that episode down the road. As always, if you liked the episode, feel free to leave us a rating or review wherever you listen your podcasts. We look forward to seeing on the next one. Happy investing

J. Darrin Gross I'd like to ask you, Tom Cruz, What is the BIGGEST RISK?   Tom Cruz   I would say the biggest risk in not even section eight housing, but just investment house air rental properties is going to be the tenant selection, because if you think about it, buying the property is very low risk, you can always refinance it, you can always sell it, you can always rent it, you'll always have that demand there, especially if you're buying affordable housing under 100. Grand right. But with a tenant, depending on where you're buying, the risk can be can be huge. I mean, if you're buying in the Northeast, and you put a wrong tenant in there, you could be waiting months to get the tenant out. Obviously, if you're buying in North Carolina, in the southeast, it's a lot more landlord friendly laws. So we can get a tenant out for 150 bucks in three weeks, and they're out by the sheriff. So and also you have the tenant the the damages from the tenant. So if you don't screen the tenant properly, or if you're lazy on that part, me, it could cost you 1000s of dollars, a lot of which, you know, you're gonna be out of pocket for because your security deposit won't handle it, Section Eight is surely not going to come in and handle the damage that a tenant calls independently. So I would say the biggest risk in rental properties is putting the wrong tenant in your asset. Um, and the best way to mitigate that, like I said, is through screening.

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Eight, Section Eight: Enlightened Relationships - Give Up the Relationship with Yourself Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 77 sections of the book! Thank you for joining us! Learn more about Barbara Wainwright and our Life Coach Courses here: http://www.LifeCoachTrainingOnline.com 800-711-4346

The Power of Now - A Guide to Spiritual Enlightenment with Gilda and Barbara In this episode, we cover Chapter Seven, Section Eight: Portals into the Unmanifested - Conscious Death Gilda Simonet and Barbara Wainwright have been studying Eckhart Tolle's work for ages. For the podcast purposes, we plan to go through the book from start to finish, reading only one section at a time. There are 77 sections of the book! Thank you for joining us! Learn more about Barbara Wainwright and our Life Coach Courses here: http://www.LifeCoachTrainingOnline.com 800-711-4346

The Power of Now - A Guide to Spiritual Enlightenment with Linda and Barbara In this episode, we cover Chapter Six, Section Eight: The Inner Body - Before You Enter The Body Forgive Linda Gallicchio and Barbara Wainwright have been studying Eckhart Tolle's work since 1995 and more specifically spent the last year doing a weekly book study. Over the last year, we have been flipping the book open to random pages, the content of which has miraculously been on target for our personal growth in the moment. However, for the podcast purposes, we plan to go through the book from start to finish, reading only a few pages/concepts at a time.

The Power of Now - A Guide to Spiritual Enlightenment with Linda and Barbara In this episode, we cover Chapter Four, Section Eight: Mind Strategies for Avoiding the Now - The Past Cannot Survive in Your Presence Linda Gallicchio and Barbara Wainwright have been studying Eckhart Tolle's work since 1995 and more specifically spent the last year doing a weekly book study. Over the last year, we have been flipping the book open to random pages, the content of which has miraculously been on target for our personal growth in the moment. However, for the podcast purposes, we plan to go through the book from start to finish, reading only a few pages/concepts at a time.

BE SURE TO SEE THE SHOWNOTES AND LISTEN TO THIS EPISODE HERE Eve Picker: [00:00:12] Hi there. Thanks so much for joining me today for the latest episode of Impact Real Estate Investing. My guest today is Richard Rothstein, a journalist and researcher at the Economic Policy Institute. He is widely lauded as the author of 'The Color of Law: A Forgotten History of How Our Government Segregated America.' In this book, he explores how federal, state and local policy explicitly segregated metropolitan areas nationwide. And he argues that these policies violated the Constitution. Richard recognizes that many small steps are being taken today to remedy this, but the damage done by these housing segregation policies is so overwhelming that he believes a very big step is needed to jumpstart desegregation in a meaningful way – a new civil rights movement, one focused on housing segregation. Be sure to go to EvePicker.com to find out more about Richard on the show notes page for this episode. And be sure to sign up for my newsletter so you can access information about impact real estate investing and get the latest news about the exciting projects on my crowdfunding platform, Small Change.   Eve: [00:01:46] Hello, Richard, I'm really delighted to have this opportunity to talk to you today.   Richard Rothstein: [00:01:51] Well, thank you very much for engaging with me on this topic.   Eve: [00:01:54] Oh, yes, it's an important one. You're perhaps best known today for the research you've done on the history of housing segregation in the United States, and the really important book that you've written that's called 'The Color of Law.' And I've heard you say every metropolitan area in this country is residentially segregated. I'm wondering how we ended up in this very racially segregated landscape.   Richard: [00:02:23] Well, we have a national myth about how we ended up. That myth is flawed. The myth is that what we've got is something we call 'de facto segregation' that just have sort of happened by accident. It happened because of private bigotry on the part of homeowners and landlords and white neighborhoods who wouldn't sell or rent to African Americans. Or because of businesses in the private economy, purely private economic actors like real estate agents, banks or insurance companies that discriminated. Or maybe we tell ourselves it's because people just like to live with each other of the same race. It's all natural that way. You feel more comfortable if we do it. Or maybe we say it's because of income differences. African Americans on average have lower incomes than whites, not all, but on average, and so can't frequently afford to live in higher opportunity. White neighborhoods, all of these individual bigoted but personal decisions, not governmental actions, is what created residential segregation. And we tell ourselves that what happened naturally can only happen naturally. It's other nonsense. The reason we have residential segregation in this country is because of a network of racially explicit federal, state and local policies that were designed to ensure that African Americans and whites could not live near one another. In any metropolitan area, we have a totally unconstitutional system of residential boundaries. They were established in the mid 20th century in such a powerful way that they still determine where we live today.   Eve: [00:04:06] Wow. So what what are some of these policies? Can you be a little more explicit?   Richard: [00:04:13] Sure. I could go on for hours, but I'll mention just a couple of them. In the post-World War II period, the Federal Housing Administration and Veterans Administrations determined upon a policy to move the entire white working-class and lower middle-class population out of the urban areas where they were then living, into single family homes in all white suburbs that came to ring American cities. At the time, in the post-World War II period, low- and middle-class, working-class and even middle-class families were all living in urban areas. We hadn't suburbanized at that point. They were living there because we were a manufacturing economy and factories had to be located near deep water ports or railroad terminals. So did banks and other service industries that were servicing those factories, because they needed to be able to get their parts and ship their final products, in that way. And so, we had an urban population, both African Americans and whites, living in urban areas. But the federal government determined to move the whites, not the African Americans, but the whites only, out of those urban areas of the single family homes into all-white suburbs. Perhaps the most famous of these is Levittown, east of New York City. 17,000 homes in one place, single family homes. The developer, William Levitt, could never have assembled the capital to build a subdivision that enormous on his own. No bank would be crazy enough to lend him the money to do that. To be worth, as I said, the suburban country, at that time. The banks thought that it was a crazy idea that nobody would want to move there. The only way that Levitt could assemble the capital is by going to the Federal Housing Administration and Veterans Administration, submitting his plans for the development, the architectural design of the homes, the construction materials, he was going to use, the layout of the streets, and a commitment that the Federal Housing Administration, the Veterans Administration required, that he never sell a home to an African American. The Federal Housing Administration and Veterans Administration even required that Levitt place a clause in the deed of every home prohibiting resale to African Americans or rental to African Americans. But this was a racially explicit policy. It wasn't the action of rogue bureaucrats working in federal agencies. It was written policy. The Federal Housing Administration had an underwriting manual that was distributed to appraisers throughout the country whose job it was to evaluate the applications of builders to create new subdivisions or even smaller projects. The manual said you could not recommend, for a federal bank guarantee, a loan to a developer who was going to sell to African Americans. And the manual went so far as to say you couldn't even recommend for a federal bank guarantee an all white project that was going to be located near where African-Americans were living, because in the words of the manual, that would run the risk of infiltration by inharmonious racial groups. This was, I say, an explicit racial policy. Levitt, with that kind of a guarantee, built this large subdivision and builders all over the country did the same. They were inexpensive homes. These were returning World War II veterans, mostly who bought these homes. They sold at the time for eight, nine thousand dollars, perhaps. Today's money, inflation adjusted, that's about 100,000 dollars. Well, as you know, those homes not in Levittown, not in any suburb in this country, no longer sell for 100,000 dollars.   Eve: [00:08:09] Right.   Richard: [00:08:10] The value of those homes appreciated. The families who bought them gained wealth from the equity they now had in their homes. And as a result, today, African American incomes are about 60 percent of white incomes. You'd expect African American wealth to be similar. But in fact, while African American incomes are 60 percent of white incomes, African American wealth is only five percent of white wealth. And that enormous difference between the 60 percent income ratio and the five percent wealth ratio is entirely attributable to unconstitutional, federal housing policy that was practiced in the mid 20th century. I'm sorry. Go on.   Eve: [00:08:53] Now, that's OK. So, One of the biggest consequences of this housing segregation is just the loss of generational wealth that we're struggling with today.   Richard: [00:09:04] Yes, absolutely. Those, the white families who bought those homes and gained this wealth use the wealth to send their children to college. They used it to perhaps take care of emergencies, medical emergencies or temporary unemployment. You know, if you have wealth and you lose a job, you can weather the temporary unemployment. If you don't have wealth, and you lose a job, you're pushed further down the social and economic scale. And the white families also use it to subsidize their retirements, and most importantly, to bequeath wealth to their children and grandchildren ...   Eve: [00:09:39] Yes.   Richard: [00:09:40] ... who then down payments for their own homes. So, that's why I say that these policies are so powerful that they still determine the racial landscape of today.   Eve: [00:09:50] So, how many years did it take us to get where we are today because of those policies?   Richard: [00:09:57] Well, you know, the policies began, the federal government wasn't involved in housing at all until the New Deal of Franklin Roosevelt and the Depression, the federal government's first entry into the civilian housing market was at the beginning of the New Dealm the Roosevelt administration. When the Public Works Administration, one of the first New Deal agencies, beginning in 1933, built the first public housing in this country for civilians and everywhere it built it, it segregated it. Frequently, again, creating segregated patterns where they hadn't previously existed. In many of these downtown urban areas, that I described earlier, that, where both blacks and whites lived. You know, the great African American poet, novelist, playwright Langston Hughes describes how he grew up in an integrated downtown Cleveland neighborhood in the early 20th century. That's not how we think of downtown Cleveland today. But, as I said, we had the factory districts. The jobs were located in a central location, so the black and white workers had to live in roughly the same areas. But so, Langston Hughes describes how he grew up in an integrated downtown Cleveland neighborhood. He said his best friend in high school was Polish. He said he dated a Jewish girl in high school. It was an integrated high school in an integrated neighborhood. The Public Works Administration went into that neighborhood, demolished housing to build two separate projects, one for whites, one for African Americans, creating a pattern of segregation there that hadn't previously existed. And it did this everywhere it went as did subsequent successor federal housing agencies and local housing agencies. So, I've mentioned now two big policies that the federal government followed. One was its public housing program. The other was its subsidization of suburbanization for whites only.   Eve: [00:11:58] Um hmm.   Richard: [00:11:58] And there were many, many other policies as well, followed by federal, state, local governments, all racially explicit, all of which interacted to create the segregated landscape that we now have in this country.   Eve: [00:12:11] So, are we trying to fix this now?   Richard: [00:12:16] No, we're not. We're not. There's ...   Eve: [00:12:19] Oh, that's awful.   Richard: [00:12:19] Well, no, we're not. We, to the extent that there's any attention to this issue, it's the attention to the condition of the low-income, segregated neighborhoods in which African-Americans are concentrated. Not all of them, but many of them. I'm not in any way suggesting we shouldn't be paying attention to that and focusing on things like evictions and rent control and inadequate housing supply. But we are not paying any attention yet to the segregated nature of those communities or to the segregated nature of communities outside those low-income downtown areas where they're segregated on an all white basis. But we need to pay attention to it. Our democracy, I think, is under great threat because of the extreme polarization we have in this country, political polarization that largely tracks racial lines. And I don't think it's conceivable that we can preserve this democracy in a healthy way if so many African Americans and whites live so far from each other that they can't empathize with each other or understand each other's life experiences. So, I think it's urgent that we do pay attention to these racial boundaries, but we are not yet doing so.   Eve: [00:13:43] So, A couple of things that have been attempted have been like the Fair Housing Act and eradicating redlining. Have they have any impact at all on this polarization of the landscape?   Richard: [00:13:58] Well, of course, they've had a small impact. I mentioned Levittown earlier in our conversation, created as an all white suburb by the Federal Housing Administration in the post-World War II period. That community of 17,000 homes is now about one to two percent African American. The homes there now sell for 400, 500,000 dollars. There are African Americans who can afford to buy those homes at those prices. But the, Levittown is located in a neighborhood that is about 15 percent African American. So, the difference between that, the two percent that the Fair Housing Act, you know, was able to address and the 15 percent that you would expect if it were not for these policies of segregation, is the difference that the Fair Housing Act cannot address. Those homes, as I say, are now unaffordable to working class families of either race.   Eve: [00:14:58] What do you think it will take to correct this?   Richard: [00:15:01] Well, the policies to correct this are well known. No mystery about them. What's missing is a new civil rights movement that's going to be as aggressive in addressing residential segregation as the civil rights movement of the 1960s was in addressing public accommodations and interstate transportation and employment segregation. We don't have that yet. We are, I will say, having a more accurate and passionate discussion in this country now about the legacies of slavery and Jim Crow than we ever have had before in American history. We had Black Lives Matter demonstrations this past summer and spring that engaged 25 million Americans, demonstrating for police reform, for community policing, for the demilitarization of the police. They didn't address housing issues, neighborhood segregation, but out of that consciousness, it's possible that a new civil rights movement will emerge that addresses the underlying causes of police abuse of African Americans, which are largely the fact that African Americans are so segregated in low-income neighborhoods and concentrated there. So, I'm hopeful, not confident, but I'm hopeful that such a new civil rights movement will emerge.   Eve: [00:16:28] And do you, do you know any organizations really actively working to correct the housing segregation issues, in particular?   Richard: [00:16:40] Well, there are many, many organizations doing, taking small steps, and being successful in taking small steps. It's not that we're not doing anything at all. But we don't have a systematic attack on segregation. There are some communities that are beginning to look at their zoning ordinances and the way in which they function ...   Eve: [00:17:08] Yeah.   Richard: [00:17:08] ... to perpetuate this unconstitutional system of segregation. There are organizations that are sponsoring mobility programs for African Americans, giving African Americans who have housing subsidies, we call them Section Eight vouchers, giving them more opportunities to find rental units in the higher opportunity communities. There is some work being done, but we don't have a systematic effort. I am involved now with a group of national civil rights leaders who are creating something they call the National Committee to Redress Racial Segregation. And it's hoped that they will be able to launch that national committee in the near future. And the purpose of that National Committee would be to support and create local civil rights groups that will take the kind of action that's necessary to make it uncomfortable to maintain these segregated patterns. But we're not there yet.   Eve: [00:18:16] Yeah, I think for me, I mean, this is a lot to absorb and pretty shocking. How do you educate so many people? There's this trickle down effect, right? So, every bank, every local community bank, that lends money to developers or home buyers or anyone like that has to really examine their practices very carefully. I know enough about what goes on in racially segregated neighborhoods and banking to know that that in itself is an enormous task to just educate everyone to behave differently.   Richard: [00:18:57] My perspective is that our focus should not be on educating banks and developers and insurance companies. Our goal should be to create local activists who will put pressure on those banks and insurance companies and developers, realtors, to behave differently. If this is not something that can happen from the top down any more than the civil rights victories of the 1960s came about because we educated restaurant owners or bus companies to behave differently. It happened because we have an activist civil rights movement to force them to act differently. And I think if we think of that as a model, we'll be on a better path to understanding how we can have these changes. As I said, we're having a more accurate and passionate discussion now about this in this country than we ever have had before. So, there's the potential for creating such civil rights groups, but they haven't emerged as of yet.   Eve: [00:20:05] Yeh, it's a really big task. And one of the question for you. How do you deal with pushback, like that was only in past, or there are a few bad apples, or arguments like that in the face of what you've uncovered and what's the truth?   Richard: [00:20:22] Well, we don't have unlimited time today, but I did describe two big policies that the federal government followed, both in creating the suburbanization and in its public housing program to create the segregation. That wasn't just a few bad apples. If we had more time, I could go through dozens and dozens of these policies at the federal, state and local level, all of which networked together to create this segregation. So, it was not a, it was not a few bad apples that that this. This was a systematic government policy. As I said, the segregation we have today is unconstitutional because it violated the Fifth and the Fourteenth Amendments to the Constitution when government enacted these policies.   Eve: [00:21:11] This is really fascinating, and I do hope that this new civil rights movement emerges, and I'd love to hear more. I'm going to be reading your book in great detail, and I hope all our listeners do as well. Thank you very much for your time.   Richard: [00:21:27] Thank you very much.   Eve: [00:21:36] That was Richard Rothstein. A history of housing segregation in the United States is a shocking one, and we will be grappling with the damage done for many decades to come. There is a glimmer of hope this year as more open and concrete dialogue emerges between blacks and whites. Richard's hope is that activists will rise up to insist on change to propel change forward quickly, a national civil rights movement to ensure that we all get to reap the economic benefits of living in this rich and diverse country. You can find out more about impact real estate investing and access. The show notes for today's episode at my website, EvePicker.com. While you're there, sign up for my newsletter to find out more about how to make money in real estate while building better cities. Thank you so much for spending your time with me today. And thank you, Richard, for sharing your thoughts. We'll talk again soon. But for now, this is Eve Picker signing off to go make some change.

The Power of Now - A Guide to Spiritual Enlightenment with Linda and Barbara In this episode, we cover Chapter Three, Section Eight: Moving Deeply Into The Now - Negativity and Suffering Have Their Roots in Time Linda Gallicchio and Barbara Wainwright have been studying Eckhart Tolle's work since 1995 and more specifically spent the last year doing a weekly book study. Over the last year, we have been flipping the book open to random pages, the content of which has miraculously been on target for our personal growth in the moment. However, for the podcast purposes, we plan to go through the book from start to finish, reading only a few pages/concepts at a time.

Bill and Kevin discuss what Section 8 is and how it works and how every investor with a residential buy and hold strategy should be renting to Section 8 tenants.

It is the end of the traditional work week listeners! As many of you head off into the weekend, take some time to listen to today's show and do two things. 1. Finish off the lesson from the last podcast on Property Management and,2. Listen to Steve's take on the "Linear Approach" to life.Are some of you out there waiting to get rich or start investing so that you can take care of the things that "should" come first in life? Could you perhaps makes those things easier by stepping out of the line and getting that second stream of income? Take some time today, or this weekend, to give this show a listen and reflect on your utilization on the only truly scarce resource, time.We hope you enjoy our show. Remember that you can email Steve directly at AskSteve@GetRealWealth.com; not only will he personally answer your questions but he might discuss it on air as well!

Good afternoon listeners! Yesterday, Steve found an article on BiggerPockets.com that was disparaging towards the cash flow that can come from real estate. The title openly declared that cash flow was NOT a good reason to invest. Naturally, Steve has something to say about that.Here are the notes!The Article I found on Bigger PocketsCallers, Callers, CallersA step back on Section EightListener EmailsWe hope you enjoy our show. Remember that you can email Steve directly at AskSteve@GetRealWealth.com; not only will he personally answer your questions but he might discuss it on air as well!

Welcome back from the holiday weekend! Today, Steve talks with Cindy Pham with Asset Preservation Incorporated to really break down the 1031 exchange. For all of you initiated, the 1031 exchange is the "secret" technique that real estate investors use to defer their taxes until well after their children's children are dead. Want to find out for yourself? Take a listen.Here are the notes!A few hot topic questionsCindy Pham with Asset Preservation Inc. - The 1031 ExchangeFollow up on the earlier questionsReally diving into Section Eight HousingWe hope you enjoy our show. Remember that you can email Steve directly at AskSteve@GetRealWealth.com; not only will he personally answer your questions but he might discuss it on air as well!

On today's #DailyDose, we discuss two legislative bills making their way through both the Baltimore City Council and the Baltimore County Council; one regarding a five-cent bag tax and the other focusing on Section Eight vouchers. We also uncover stories from the Baltimore Brew and Maryland Matters regarding one high-ranking city official who was allegedly let go and being investigated in Baltimore City Hall while another questions if voters are ready go back in time when electing their next Congressman! All that and more only at: www.dmvdaily.news

In this week's episode of Off Panel, artist John McCrea joins the show to talk his career and new Image series, Dead Rabbit. McCrea discusses how he and writer Garth Ennis met, how he got into comics, learning art, how his style shifted over the years, getting away with things on Hitman, the greatness of Dogwelder, his fondness of Section Eight, how Hitman affected him and his career, the origins of Dead Rabbit, Gerry Duggan's writing, the Image Expo reveal, character design, his style for Dead Rabbit, Mike Spicer's colors, the gross/sincere balance, and more.

Podcast: Martian Manhunter #5 & All-Star Section Eight #3 (2015) Frank summarizes and critiques two comedic comics: the fifth issue of the New 52/DC You Martian Manhunter series by Rob Williams and Eddy Barrows, plus the Alien Atlas' cover-spotlighted appearance in All-Star Section Eight by Garth Ennis & John McCrea! We enjoy dialogue on the red planet, so here are our non-telepathic contact options: Tweet host Diabolu Frank directly, or probe @rolledspine as a group. Email Diabolu If the main Idol-Head of Diabolu blog isn't your thing, try the umbrella Rolled Spine Podcasts. --- Send in a voice message: https://anchor.fm/diabolu-frank/message

Show Notes Kenny Mittleider from Knights of the Guild, Alien Nation: The Newcomers Podcast & My Gimpy Life Podcast and Simon Meddings from Waffle On Podcast discuss one of the most successful and longest running television series in history.. M*A*S*H Today we cover Season 5, Episode 23 -  Souvenirs 120th Episode Overall Directed by Joshua ShelleyTeleplay by Burt PrelutskyStory by Burt Prelutsky and Reinhold WeegeOriginally Aired on March 1, 1977Production Code is U-819Set during the Korean War in the 1950’s Plot Summary:Hawkeye and BJ try to stop a chopper pilot from selling souvenirs derived from war materials derived from locals facing danger getting them, and Klinger becomes a pole-sitter in his latest attempt to get a Section Eight. Hope you enjoy it, Kenny & Meds Find Us on the Web: Main website - http://MASH4077Podcast.com Listen on Stitcher Radio - HERE Twitter - @MASH4077Podcast Facebook Fan Page - http://www.facebook.com/MASH4077Podcast Email Us - MASH4077Podcast@Gmail.com Podcast promo’s played during the show this week: Waffle on Alien Nation: The Newcomers Podcast © Geekyfanboy Productions

Josh is back on the podcast and thankfully as Lady Death has come a'calling for Conor and Ron. But our heroes were able to hold on, for you dear listener, so that the massive stack of this week's comics can be discussed as well as we begin our look back at the year of 2015 in comics. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode we get to learn about Cpl. Maxwell Q. "I'm just plain crazy" Klinger, about how well the Army's supply chain works (Season 1 Ep 19 - The Longjohn Flap), and just how important the Army-Navy game is, even in a time of war (Season 1 Ep 20 - The Army-Navy Game).

Good evening:Episode NinetyWe discover Natalia Imbruglia's secret identity, and learn all about Section Eight. Plus an interview with comedian and feminist writer Kate Smurthwaite.