Podcasts about Seychelles

Music: PERFECT PACE by @asha.imuno What's the worst day of the week? 1:10 / Autumn Equinox + Do we need Mercury, the planet? 3:07 / YouTube Gurus, End Times? + “Spiritual Warfare” 8:37 / Negative Thoughts Welcome Negative Spirits 17:19 / Is Time Linear or Circular? 19:45 / Hidden Continents pass Antarctica + Mermaid people in Seychelles, Africa 23:51 / White-lash over Halle Bailey Little Mermaid 27:12 / Sometimes Racism is Funnier than “Wokenness” 33:50 / Tiktok is nothing but Reactions of Reactions of a Reaction 38:16 / Immigrants sent to Kamala Harris' Home 46:23

Chino Deportes de hoy: se juegan cinco partidos del Apertura, un amistoso de lujo: San Marino vs Seychelles. Y todo el fútbol internacional.

Get bonus content on Patreon On this edition of SPORTS GOOFS presented by Mr. Tortilla: Browns fans Brett Favre's alleged fraud Zack Hample sucks MLB Food Fight 2022 Round 2 Splatoon 3; FAU; The Orville College Football Week 3 NFL Week 2 WWE & AEW happenings Try the Famous 1-Carb Tortilla in Multigrain or Pico de Gallo! Listen to us on Podhero! Support the Goofs on Patreon. Sports Goofs' Social Media: Facebook | Twitter | Instagram | Discord | TikTok Francisco's Social Media: Twitter | YouTube Andrew's Social Media: Twitter | Twitch Charles' Social Media: Twitter Goof States of America (40.5): California, Virginia, Florida, Washington, New Jersey, Oregon, Ohio, Texas, New York, Illinois, Arizona, Michigan, Indiana, Massachusetts, North Carolina, Georgia, Montana, Delaware, Alabama, Minnesota, Wisconsin, Pennsylvania, South Carolina, Kentucky, Rhode Island, Utah, Kansas, Maryland, Connecticut, New Hampshire, Iowa, Colorado, Louisiana, Mississippi, Tennessee, Missouri, Idaho, New Mexico, Hawaii, District of Columbia, Oklahoma Goof World Order (57): USA, India, Canada, Ireland, Vietnam, Nepal, Singapore, Germany, France, United Kingdom, Italy, Israel, Finland, Pakistan, Brazil, Malaysia, Thailand, Egypt, Croatia, Norway, Puerto Rico, Belize, Oman, Japan, Kyrgyzstan, South Africa, Algeria, Australia, Bangladesh, Switzerland, Iran, Iraq, Sri Lanka, Morocco, Portugal, Nicaragua, Bahrain, Netherlands, New Zealand, Philippines, Bulgaria, Saudi Arabia, United Arab Emirates, China, Seychelles, Sweden, Spain, Serbia, Indonesia, Poland, Qatar, Lebanon, Czech Republic, South Korea, Russia, Taiwan, Tunisia #MLB #NBA #NHL #NFL #NCAA #WWE #AEW Hosted on Acast. See acast.com/privacy for more information. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/sports-goofs/message Support this podcast: https://anchor.fm/sports-goofs/support

C'est la priorité du plan « Comores émergent » élaboré en 2019 par les autorités. Le secteur touristique doit se développer. Pour cela, les autorités favorisent les investisseurs étrangers, dans l'hôtellerie notamment. Elles espèrent concurrencer d'ici dix ans les Seychelles et l'île Maurice. Les Comores, ses plages de sable blanc, ses lagons émeraudes, ses tortues marines et ses fleurs de vanille, avaient attiré en 2019 45 000 touristes étrangers. Si l'on excepte l'année 2020, l'année Covid, les chiffres progressent de façon régulière. « En 2019, le secteur a généré à peu près 31 milliards de francs comoriens de recettes touristiques, soit 6% du PIB, indique Marie Attoumane, directrice nationale du tourisme. Et le secteur a employé directement 2 007 personnes à peu près. » Des chiffres encore modestes au vu des potentialités de l'archipel. Les Comores comptent davantage de plages, par exemple, que l'île Maurice et les Seychelles réunies. Un constat qui a poussé les autorités à placer le secteur touristique en tête des priorités de développement du plan « Comores émergent ». « Il a défini d'ailleurs une diversification des produits touristiques, tels que la relance du tourisme balnéaire, le tourisme d'affaire en Grande Comore et l'écotourisme à Mohéli. À cela s'ajoute le tourisme durable et responsable, donc un tourisme impliquant les communautés locales et la préservation de l'environnement », poursuit Marie Attoumane. Pour y arriver, le pays doit cependant construire les structures hôtelières qui font encore défaut. « Nous n'avons pas beaucoup de lits dans l'archipel, et de plus en plus, il y a une fréquentation internationale qui se dirige vers les Comores, pour plusieurs raisons, pour des conférences, pour des travaux. Et pour cela, les Comores ne sont pas assez équipées. Il y a vraiment un besoin », constate Ibrahim Ali Mzimba. Ibrahim Ai Mzimba s'est lancé dans l'investissement hôtelier. Avec des partenaires français, il a déboursé 8 millions d'euros pour la construction d'un hôtel de luxe en Grande Comore, l'Al Camar lodge. Outre les emplois directs créés, une quarantaine en saison haute, l'hôtel fait vivre l'économie locale. « À savoir les agriculteurs, car ce sont eux qui nous intéressent. Ils nous fournissent les œufs, les salades, les légumes et les fruits. Ils sont contents car au lieu de devoir aller à Moroni vendre leurs produits, ils viennent à notre hôtel, à cinq-dix minutes et on leur achète tout. Donc oui, nous faisons bien fonctionner l'économie locale. » L'État donne aussi l'exemple au secteur privé. Puisqu'il a trouvé les financements pour rebâtir le légendaire palace Galawa, en Grande Comore. Un cinq étoiles mythique, détruit en 2009, et qui renaîtra à l'horizon 2024. Reste que pour espérer un plus grand dynamisme de ce secteur ; l'État doit aussi consentir à des efforts en matière de routes, d'accès au numérique et d'assainissement, ce sont du moins les attentes formulées par les hôteliers du secteur privé.

Interview with Fireman, 1974 KL, Manila, Hong Kong, Seychelles, Kuching, East Grinstead --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/ononh3/message Support this podcast: https://anchor.fm/ononh3/support

The Athletic's Adam Hurrey is joined by Charlie Eccleshare and David Walker for the Adjudication Panel. On the agenda this week: the NFL embraces the "cold, wet night in Stoke", alarming reports of ball plinths in the seventh tier, a comprehensive preview of San Marino's no-love-lost showdown with Seychelles, and the Premier League table of club badges. Meanwhile, the panel gracefully accept Adam's climbdown over the "cometh the hour, cometh the man" furore and Charlie takes on the Turkish Super Lig Transfer Window Quiz. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this edition of SPORTS GOOFS presented by Mr. Tortilla:MLB Food Fight 2022Death Stranding; FWAA; & Splatoon 3College Football so far in 2022NFL Week 1 recapA little baseballCharles' big offseason wrestling recapTry the Famous 1-Carb Tortilla in Multigrain or Pico de Gallo!Listen to us on Podhero!Support the Goofs on Patreon.Sports Goofs' Social Media: Facebook | Twitter | Instagram | Discord | TikTokFrancisco's Social Media: Twitter | YouTubeAndrew's Social Media: Twitter | TwitchCharles' Social Media: TwitterGoof States of America (40.5): California, Virginia, Florida, Washington, New Jersey, Oregon, Ohio, Texas, New York, Illinois, Arizona, Michigan, Indiana, Massachusetts, North Carolina, Georgia, Montana, Delaware, Alabama, Minnesota, Wisconsin, Pennsylvania, South Carolina, Kentucky, Rhode Island, Utah, Kansas, Maryland, Connecticut, New Hampshire, Iowa, Colorado, Louisiana, Mississippi, Tennessee, Missouri, Idaho, New Mexico, Hawaii, District of Columbia, OklahomaGoof World Order (57): USA, India, Canada, Ireland, Vietnam, Nepal, Singapore, Germany, France, United Kingdom, Italy, Israel, Finland, Pakistan, Brazil, Malaysia, Thailand, Egypt, Croatia, Norway, Puerto Rico, Belize, Oman, Japan, Kyrgyzstan, South Africa, Algeria, Australia, Bangladesh, Switzerland, Iran, Iraq, Sri Lanka, Morocco, Portugal, Nicaragua, Bahrain, Netherlands, New Zealand, Philippines, Bulgaria, Saudi Arabia, United Arab Emirates, China, Seychelles, Sweden, Spain, Serbia, Indonesia, Poland, Qatar, Lebanon, Czech Republic, South Korea, Russia, Taiwan, Tunisia#MLB #NBA #NHL #NFL #NCAA #WWE #AEW Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information.

If you're looking to invest and live abroad, then this episode is for you!   The world's most sought-after expat consultant, Mikkel Thorup, sits down with us to provide expert insights on how to legally invest and obtain a second residency and citizenship overseas. Through his travels, he discovered different ways to thrive internationally and he shares these secrets with us today.   Mikkel is the founder and CEO of Expat Money, a private consulting firm started in 2017. He hosts the popular weekly podcast, the Expat Money Show, and wrote the definitive #1-Best Selling book: Expat Secrets - How To Pay Zero Taxes, Live Overseas And Make Giant Piles Of Money.    [00:01 - 04:29] From School Dropout to World Traveler Mikkel on how he started his business Traveling the world as a teenager and visiting 110 countries From his experiences all over the world, he learns a lot about immigration and taxes He decided to devote himself to entrepreneurship and created a podcast   [04:30 - 13:41] Expanding Your Freedom Overseas Some people want to have a kind of insurance plan or backup plan offshore during these times of uncertainty Overcoming obstacles as an expat They set up an online virtual school for clients' children What are the best places to go to and what are the benefits? You don't need to be a multimillionaire to be able to implement a plan. It depends on the country you plan to go to.   [13:42 - 21:50]  Creating a Foreign Investment Portfolio How investments, especially in real estate, can get you a permanent residency The importance of due diligence and local representation Real estate is an excellent option to hold the value of your worth What makes Panama a great country to go to   [21:51 - 23:44] Closing Segment Reach out to Mikkel!  Links Below Final Words Tweetable Quotes   “The writing is on the wall with these lockdowns that have happened, with the war, with shortages, with diesel running out, with food, with more mandates. You just need a safe place.” - Mikkel Thorup “If I can do this as a high school dropout and a dyslexic who was told that his brain didn't work well and I have a family and I have figured out all these types of things, literally anybody can do this.” - Mikkel Thorup “If you have absolutely no money, then this might be very difficult, but at the same extent, don't need to be a multimillionaire to go offshore by any stretch of the imagination.” - Mikkel Thorup -----------------------------------------------------------------------------   Connect with Mikkel at expatmoney.com. Check out the Expat International School and listen to The Expat Money Show podcast. Join the Expat Money Summit on November 7-11, 2022 for FREE at expatmoneysummit.com.   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: [00:00:00] Mikkel Thorup: A lot of people are just looking to sit on the money and just have it hold its value. You know, we've got some dark times ahead of us. Like, I'm not a doomsday prepper by any means, but, I mean, the writing is on the wall, you know, with these lockdowns that have happened, with the war, with shortages, with diesel running out, with food, with more mandates, I mean, you just need a safe place. And for a lot of my people, foreign real estate just kind of tick that box and now they can sleep a lot sounder at night because of it.  [00:00:41] Sam Wilson: Mikkel Thorup is the world's most sought-after expat consultant. He focuses on helping high- net worth private clients to legally mitigate tax liabilities, obtain a second residency and citizenship, and assemble a portfolio of foreign investments. Mikkel, welcome to the show.  [00:00:56] Mikkel Thorup: Thanks very much, Sam. I'm very happy to be here. Amazing show, amazing audience. Hopefully inspire a few people today. [00:01:02] Sam Wilson: Man. I hope so. I'm pumped about this conversation. Mikkel, there are three questions I ask every guest who comes in the show: in 90 seconds or less, can you tell me where did you start? Where are you now? And how did you get there?  [00:01:12] Mikkel Thorup: Ooh, in 90 seconds or less. Okay. I was diagnosed with a learning disability when I was a small child and they pulled me outta school and sent me to a special school. And I was there for three years, and the only problem, Sam, was, it actually was not a special school. It was a regular school with a special class. And I used to get in a ton of fights and picked on and bullied. And this is no woe is me story. I'm certainly no victim. I got hit and I hit straight back. I would never claim otherwise, but it left a very bad taste in my mouth for school. And long story short, I dropped out of school when I was 12 years old. I stopped going to school when I was 12 and I officially dropped out when I was 15 and I started traveling the world as a teenager. And 22 years later, and I'm still at it. I've visited 110 countries. I've lived in nine and I've circumnavigated the globe over 400 times. And during that process, I have learned just an absolute ton of secrets and different ways of doing things and options and abilities for going offshore and eliminating your tax bill and immigration and the different residencies and passports. So I am certainly no armchair traveler or armchair researcher on this. I really spend my time boots on the ground to go through everything. And I think that's probably why my story resonates with a lot of people.  [00:02:35] Sam Wilson: Well, your story certainly resonates with me. I hated school from the day I showed up to the day, my last day there. Sorry to say it for all you educators and people here. I love, absolutely love to learn. I just hated school.  [00:02:47] Mikkel Thorup: Absolutely.  [00:02:47] Sam Wilson: Yeah. I was like, oh my gosh, please, no, like you count it down. You know, there's 185 school days a year. You're like checking 'em off one at a time going, oh gosh, only nine more years after this. You shouldn't be doing that in third grade, I don't think. But either way, that's the way it was. How in the world did you come up with the business you're in now? Like, okay, so you're a teenager. I'm going to go travel the world, which probably you don't have time on the show to just to tell us all the backstory there, but how did you come up with the business that you're in now? How did you form it as a, even in business planning said, Hey, I think I can go out and make a business out of this.  [00:03:22] Mikkel Thorup: Yeah. So, I mean, when I started traveling, I was doing whatever odd job I could, you know, working in hospitality, working in kitchens, doing whatever I could to make money. Eventually, I got into entrepreneurship and investing when I was in my twenties and I actually spent seven years trading derivatives and doing okay at it. In 2016, 2017 around then I decided that I really wanted to devote myself to just entrepreneurship. And I decided I wanted to take the few things that I love the most in the world. Number one, being investing and number two, living overseas and traveling. So I basically smushed the two of them together. And I created the Expat Money show, which is my podcast, which we're about to celebrate episode 200 of. So that's wild to think over the last six years, 200 episodes. But I mean, that was really the genesis. I had been doing some business consulting and things like that on the side, but that really became my primary thing back then. And that's what I do full time now. And we have literally millions of people who read my stuff and listen to the podcast and lot of really satisfied people. [00:04:29] Sam Wilson: Man, that's cool. What problem are you solving in the marketplace?  [00:04:33] Mikkel Thorup: Yeah, so what we have seen over the last couple of years is that people really realize that they need to have a plan B some type of a backup plan, and some type of political insurance. There's a lot of people who do not agree with the way that COVID has been handled with lockdowns, with mandates, with all of these types of things. Now, I honestly don't care what side of the aisle you sit on, but from my perspective, it's about freedom and liberty and personal choice and personal responsibility. And I think that that is the absolute main thing that we're able to help people with is having that type of political insurance and having a plan B set up. So I get half my people who are just done with the states, done with Canada and they want to move overseas. And another 50%, another half that need to have the plan B. And at some point they might want to actuate that plan, but it's that really, really small niche that's where I live, Sam.  [00:05:28] Sam Wilson: I love the idea of a plan B and I'm sure that in what you do, people commonly throw up objections to why they can't plan B. What are some of those objections you commonly hear and then how do you reasonably overcome those?  [00:05:45] Mikkel Thorup: So, one of the main things that I used to get is families. So people would say, oh, I can't do this because I have kids or my wife is not supportive. Or, you know, I used to get told all the time, oh, this is great, living overseas. But you know, at some point you're going to have to come home and settle down and get a real job and, you know, start a family. I mean, okay. I'm Canadian. Danish heritage. I met my wife in Germany. She's from mainland China. We got married in the Seychelles in Africa. My daughter was born in Abu Dhabi. My son was born in Brazil and we live in Panama right now. So I mean, like if I can do this as a high school dropout and a dyslexic who was told that his brain didn't work well and stuff like this, and I have a family and I have figured out all these types of things, like literally anybody can do this. I mean, yes, there's a lot of knowledge. Yes, there's a lot of that has to go into it. And you know, when I started, there was no one there to support. I had to figure this out myself, but now there's tons of resources we put out at expatmoney.com and all these types of things. So that's number one is, you know, I can't do it because A, B, or C or I can't do it because I have a family or I have kids and they need to go to school. We actually created an online school to solve one of these problems. It's called Expat International School of Freedom on Entrepreneurship. If you go to expatschool.io, it's a completely virtual school. It goes from ages 8 to 19. We've got three different programs in there. And my business partner has been working in education for over 32 years. He's a published, twice-published author, international speaker, thought leader in the ideas of Socratic thinking and Socratic thought. So we try to overcome any and all objectives that people have when they try to go overseas. [00:07:33] Sam Wilson: Right. No, that's really cool. I guess here's a very strategic question. Where are people going? I mean, the COVID lockdowns, whatever it was, the chaos in the US. I mean, it doesn't matter what aisle side you're on, it's all just a crazy show. I think a clown show in the end, but where in the world is the grass even remotely greener? [00:07:53] Mikkel Thorup: Yeah, absolutely. So. It is the number one question is where do we go after all of this? We've seen the most amount of freedom in certain places in Latin America. Mexico pretty much stayed wide open the entire time. We went to Brazil for six months during COVID and it was like, C did not exist there. You would see the random person wearing masks, but that was it. All the restaurants, the bars, everything was still going. Panama is very popular right now. You know, I had a lot of clients coming down here at the Panama. It's also good because the tax situation is fantastic in Panama. There's actually legal ways that you can really eliminate your tax bill and it's one of the things that I do help my clients with. I mean, that comes with a ton of caveats and I'm not getting individual tax advice certainly on an open podcast like this, but we are getting rid of people's tax bills legally. Costa Rica is popular. Nicaragua was even coming up. They stayed completely open during COVID. There's different things in those countries, so you really have to balance what the person is after, what their objectives are and their likes wants, and needs in a hierarchy of different things. But yeah, I would say Mexico, Brazil, Panama, Columbia was doing quite well. And then they elected someone not so great to the presidency a few weeks ago. So we're still watching the situation there, but mostly Latin America. Europe, not many people are interested in Europe anymore, and not many people are interested in Australia or New Zealand. They had an extraordinarily strict lockdown. So actually we're doing the opposite we used, I used to help people get to Australia. Now we're helping people get out. Asia, same thing, not many people going to Asia at the moment either.  [00:09:36] Sam Wilson: Right. Yeah. That's really helpful. Thanks for kind of breaking some of those countries down and places where, you know, people are looking to expand their freedom, or at least just maintain the freedoms that they have. Tell me this, what does somebody need to have in net worth, in business, in dry powder, cash savings, things like that to even begin thinking about doing these, implementing this sort of plan? [00:10:00] Mikkel Thorup: You know, it's really dependent on the country that you're going to go to. I mean, are you going to be able to go to, I don't know, Malta if you're making a thousand dollars a month? No, probably not. I mean, they have a citizenship by investment program. It starts at a million dollars. But there are countries like Nicaragua where the minimum investment for permanent residency, there is only $35,000. That's quite affordable, I would have to say. That gives you a ton of freedom. You can come and go from the country whenever you like. If you have some kind of an online business, you know, you're a coach, a consultant, an Amazon FBA, you have real estate, anything like this, it works perfect because they won't tax you 'cause it's considered a territorial tax system. Now your tax in your home country, we would have to deal with that, but there's still ways around it. And in between. Malta and Nicaragua, there's 101 options in between, but that could kind of paint a little bit of a picture. Yeah, if you have absolutely no money, then this might be very difficult, but you also, at the same extent, don't need to be a multimillionaire to go offshore by any stretch of the imagination. [00:11:10] Sam Wilson: Right, yeah. And I guess that's the question that I think that a lot of people, you know, who are interested in this sort of thing think is like, what's the quickest way to build that plan B now, like how do I implement that now? Maybe I'm not a multimillionaire, but I need to find at least developing that plan B. And I guess so you've answered kind of the money question, how places like, you know, Nicaragua, what you said it was citizenship by investment? [00:11:35] Mikkel Thorup: Multicitizenship by investment in Nicaragua is a permanent residency.. It gives you the legal right to live and work in the country for as long as you want.  [00:11:44] Sam Wilson: What's the difference between that and being a citizen?  [00:11:47] Mikkel Thorup: So the citizen you're actually going to be able to get your passport. So that travel document enter in on that passport. For this, you would still use your US passport or your Canadian passport or your German passport, or whatever it might be. [00:12:00] Sam Wilson: Got it. Got it. What do you see people doing when you talk about foreign investments? Like, what are people doing? Is it all real estate related that they're doing? Or what are people doing right now when you see your clients, you know, for the first time diving into foreign investing? [00:12:14] Mikkel Thorup: The majority is real estate. I mean, I really promote and talk about and believe in tangible assets. I like things that I can touch and smell and feel and you know, real stuff. Yes, we do condos and things like this and commercial real estate. We're also seeing a big boom in agricultural land, timber plantations, these types of things, things that actually produce, which are great for income in Latin America. You know, and we're always trying to pair some type of a residency or citizenship on the back of an investment. I'll give you an example. Panama has a program, it's called the Friendly Nations Visa. It's a $200,000 real estate investment. There's a couple of other ways to qualify, but the best one is a $200,000 real estate investment. And I mean, it's not a government-approved project, meaning you can get real estate anywhere in the country. We do your legal work for you. We go through the contracts and this allows you to get your permanent residency here. So now you can come and go from Panama. You can live here, works as a good plan B, but the best thing, Sam, is to keep your visa active, you only need to visit Panama one day, every two years. Okay, so to put things in context, there's other countries that would need you to be there for six months or there's even some countries that want you to be there pretty much every day of the entire year. Maybe you can go on vacation for seven days, but that's it. But for me, I like these types of programs that have minimal commitment on the ground and then maximum freedom on the back end of that.  [00:13:50] Sam Wilson: Absolutely. How are people finding real estate assets to invest in in places like Panama or any of these other countries? I mean, and have any degree of certainty as to what it is they're getting into? [00:14:03] Mikkel Thorup: Yeah. I mean, that's why a lot of people will come to me because I do a ton of due diligence with everybody that I work with. So we work in, I mean, the extended list of countries is probably 40 countries, but our core countries that I work in is about 21 or 22 different countries. And in all of these countries, I have real estate agents who check our contracts. I always highly, highly, highly suggest that you work with local representation. Don't try to read the contracts and do this yourself. There's just too much to it. I have tons of real estate investors from Canada in the United States. It's a very different ballgame outside of North America, how things function and how things work. So someone would come to me, they would work with me. I would introduce 'em to the lawyers. We could deal with the tax issues. We'd deal with the real estate developer, a broker or real estate agents. We would see how we want it structured. Is it going to be structured in your own name? If so, what are the tax consequences? How are the filing requirements? Same if it was going to be done through an IBC or an LLC, or if we wanted to put it in a trust or a foundation, what are all of the obligations with that? You know, the closing times is the title deed is at least hold, everything like this. This is a pile of things to work through. So I suggest that you work with a professional and certainly local representation.  [00:15:20] Sam Wilson: Are people buying income-producing real estate or a lot of your clients, is it just buying it so that they can then acquire either permanent residency or citizenship? [00:15:31] Mikkel Thorup: I kind of have the whole gambit to be honest. A lot of people are looking for income-producing. But at the same time, I have an equal amount who are just looking to park money offshore. They know that inflation is through the roof right now. The published amounts are probably twice what they've been in the last 20 some odd years. But you know, the unofficial numbers are likely much higher than that. So real estate is an excellent option for someone who wants to just hold the value of their worth. And traditionally we know real estate keeps up with inflation. So you move your money offshore, you get it outside of your country of birth, it can protect you in a lot of ways from litigation. There's a lot of ways that we can do things privately, anonymously, you know, especially when we're using different types of structures, like a foundation. And a lot of people are just looking to sit on the money and just have it hold its value. We've got some dark times ahead of us. Like I'm not a doomsday prepper by any means, but I mean, the writing is on the wall, you know, with these lockdowns that have happened, with the war, with shortages, with diesel running out, with food, with more mandates, I mean, you just need a safe place. And for a lot of my people, foreign real estate just kind of ticks that box and now they can sleep a lot sounder at night because of it.  [00:16:49] Sam Wilson: Outside of maybe the COVID lockdowns and you know, some of those maybe having less restrictions, why are these countries such as Panama or Costa Rica or Nicaragua, why are those good places to go to? I guess what makes them more favorable over somewhere else?  [00:17:10] Mikkel Thorup: Yeah. I mean, there are many different reasons. I'll tell you a couple of mine. If you're actually going to spend time in the country, we're talking about food-independent countries, water-independent countries. I personally like Panama a lot more than Costa Rica. Costa Rica is really highly dependent on their tourism sector. Now Panama does have a tourism sector, which is excellent, and we get foreign direct investment coming in because of that. But we also have two other really important things. Number one is the Panama Canal, which brings in literally billions of dollars a year into the economy, you know? This will also bring products and goods and services into the country because of the Canal itself. But one of the other thing that a lot of people don't know and understand is that Panama is actually the center of the banking sector for Latin America. So what ends up happening as countries turn socialists like Venezuela and Peru and Bolivia and you know, hopefully not Columbia, but we'll see what happens. The business owners, the factory owners, the people who have wealth, the entrepreneurs, the people who create things, they get their money out of those countries and the first place that they move it to is Panama and the first thing that they do is they put it into real estate. Now, this is not a market, which is highly leveraged. It's going to be extraordinarily difficult to get a mortgage here. So people are paying cash for things, which means it's very, very stable. So as I said, we've got the tourism industry that has lots of money coming in from that,we have the Panama Canal, we have the banking sector, we have the real estate market, and then we have it as the center of the offshore world. So there's more companies incorporated here than anywhere else in the world, outside of Hong Kong. And we're seeing a massive exodus of companies from Hong Kong as China gets more aggressive with Hong Kong. So they're moving things out of there and they're moving to a safer jurisdiction like Panama. Does that make sense? [00:19:04] Sam Wilson: It makes all the sense. I mean, no pun intended, makes all the sense in the world. That's absolutely awesome. I love what you said there about food and water- independent countries. I think that's something that people just aren't really paying attention to right now is where are things going on a food supply basis. I mean, we've got an absolute war on energy. We've got a war on food, as you've seen, you know, here recently, where was where was the tractor? The big tractor convoys? Was that in the Netherlands? Where was that?  [00:19:31] Mikkel Thorup: Yeah, there was a big one in the Netherlands with the manure and going to the...  [00:19:34] Sam Wilson: Yes. [00:19:34] Mikkel Thorup: Government buildings and stuff like that.  [00:19:37] Sam Wilson: Right. So we've got the head of what's Exxon here recently saying that that they'll never be another refinery built in the United States, another oil refinery. So we've got a war on energy. You've got a war on food. Fertilizer prices have gone bananas. My brother's a farmer up in Ohio and he owns like 5,000 acres. And he's like, my gosh, 'cause I called him. I called him earlier this year. I said, and like January, I said, Hey man, if you lock in your fertilizer prices for this year, he's like, no, not, yeah. I was like, dude, the writing's on the wall. It's going through the roof. And then like three months ago he called me, he was like, dude, fertilizer prices have gone through the roof. I'm like, yeah. I told you this was coming. And like you said, the, you know, the diesel shortages, fuel shortages, food, and water-independent countries. I mean, that's going to be a critical and a place where food can grow year-round. [00:20:20] Mikkel Thorup: I lived in the middle east in Abu Dhabi for eight years. And I had a great time there and it was beautiful and it was very safe and it was a great place. But when I saw the writing on the wall, I was like, no, I got to get my family out of here. I mean, literally, everything is brought into the country. They're building 11 nuclear reactors there. I have a friend of mine who sits on the board of directors for the project. And he was telling me as soon, like day one, when the projects go live, 60% of it will be going to desalination for water. They're so behind in their water production, that 60% of the nuclear power will be going straight to that. And I'm like, I don't want to be in a country which is so dependent on energy for these one things. It's like, I needed to get somewhere where we have rainfall, where we can grow everything. It's all like a volcanic soil here in central America is basically, you know how this was formed. So you just take a seed, you throw it in the ground, and tomorrow you have a fruit tree and it's producing. I'm being silly, but I mean, it's true. Like, anything and everything grows here. This makes me feel a lot more stable and secure, right?  [00:21:26] Sam Wilson: Yeah. Hands down, hands down. And being in a place like Panama is a place where people want to go. That's where, like you said, you're attracting the best producers in the world. If all your businesses, all your business, people from socialist countries, people in Hong Kong, they're like, Hey, I'm out, I'm out. And we're going to go somewhere else where our interests can be protected and continue to thrive. Then they're just going to come into that economy. And it's just going to get that much stronger. [00:21:50] Mikkel Thorup: Exactly.  [00:21:50] Sam Wilson: That's really, really cool. Mikkel, I love what you're doing. This speaks very, very near and dear to me. So I appreciate you coming on the show today and kind of just sharing with us what you're doing for you and for your clients, how you guys have thrived living around the world, the programs you guys are putting out, and it was expatmoney.com is your website, right? [00:22:09] Mikkel Thorup: Correct. expatmoney.com.  [00:22:11] Sam Wilson: Expatmoney.com So make sure we certainly, certainly check that out. I know you had several other resources on there. If our listeners want to get in touch with you or learn more about you, what is the best way to do that?  [00:22:21] Mikkel Thorup: Yeah, absolutely. So we're actually doing an online summit. It's November 7th to 11th. Tickets are completely free. There's no charge to attend. If you guys go to expatmoneysummit.com, expatmoneysummit.com. You're going to be able to pick up a free ticket on there. Now we do have a paid ticket. We got a VIP option. If you guys want a bunch of bonuses and a lot of other cool stuff, that's great, but it's certainly not mandatory. And if you're just curious about these things and how they fit together and the tax strategies and the different countries and the residencies and the real estate options, then you got to check out the summit. We're putting on a ton of things we were talking before the show, Sam. My friend, Doug Casey, he'll be a speaker. Ron Paul is going to be a speaker. We've got some really, really fantastic people this year. So expatmoneysummit.com. [00:23:11] Sam Wilson: That is fantastic. Mikkel, thank you so much. Appreciate you coming on today and have a great rest of your afternoon. [00:23:17] Mikkel Thorup: Pleasure's all mine. Thanks, Sam. 

Some mission experts estimate that up to 90% of young people who consider missions cease to pursue it because of various fears and obstacles, including the fear of fundraising. Some workers view fundraising as a rite of passage or as an obstacle to overcome. Others understand God’s purposes to include each follower of Jesus in His worldwide kingdom work through going, serving, sending, praying, encouraging, and giving.

NFTs – where creativity and regulation can converge. Welcome to the intriguing world of NFTs – or non-fungible tokens – which can sell for millions of dollars or for nothing at all. NFTs continue to grab news headlines, in particular with the likes of artists, gamers, sports teams and celebrities stepping into the NFT realm. And yet what exactly are NFTs? What is the process of creating an NFT? How are they used, who uses them and why, and can they be regulated?In this ‘Tech Talks' series episode of The Appleby ‘Bermuda Shorts' podcast, partner Jerome Wilson and associate Carl Meyer, delve into NFTs from a regulatory, creator and consumer/platform angle. From smart contracts, to intellectual property, to where NFTs fall under Bermuda's Digital Assets Business Act (or DABA) and what the regulator wants to understand about a NFT-related business looking to launch from Bermuda, they examine aspects of the ever-evolving NFT space and what lies ahead for these unique digital assets.Listen to learn what you need to be thinking about from a legal and regulatory perspective when entering this new arena. Whether you are a creator, a platform or looking to invest in a platform, Bermuda's legislation is unique and forward-looking enough to cover all these activities and allow them to flourish in a safe, regulated environment. Let's talk about your plans and ideas – we would love to work with you: Contact us here. The Bermuda Shorts Podcast SeriesThe Appleby ‘Bermuda Shorts' podcast features short talks on all things business and Bermuda with our lawyers from Bermuda and other industry experts. Our ‘Tech Talks' series focuses on topics and trends in technology which are transforming businesses, markets and everyday life. Listen to learn more about Appleby, Bermuda and our Technology expertise, and subscribe to be the first to hear the latest episodes.About Appleby Appleby is one of the world's leading international law firms. Our global teams of legal specialists advise public and private companies, financial institutions and private individuals. We are a full service law firm providing comprehensive, expert advice and services across corporate, dispute resolution, property, regulatory, and private client and trusts practice areas. We have offices in ten highly regarded, well-regulated global locations, operating in nine and practising the laws of eight jurisdictions. Our office locations include the key international jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and the Seychelles, as well as the international financial centres of Hong Kong and Shanghai.

Choosing a college or a university with your child is a big decision.Today, we are continuing the conversation about substance use among college students by talking through how best to choose a school that is serious about substance abuse prevention.    Host and Full House and Fuller House star Jodie Sweetin, is once again joined by special guests: Amy McCarthy, Clinical Social Worker at Boston Children's Hospital, Rich Lucey, who is the Senior Prevention Program Manager of the Community Outreach and Prevention Support section for the DEA, Sally Linowski, who is the Associate Dean of Students Off Campus Student Life and Community Engagement at the University of Massachusetts Amherst, and recent college graduate and star of season 1 of Awkward Conversations Seychelles Mizel.    In this episode, you will hear important advice for how to get the most out of your college campus tours by asking the right questions related to substance use prevention. Seychelles talks about using vlogs to get a better idea of campus life and culture before choosing a school. This episode ends with important advice for how to identify warning signs of substance abuse and how to use technology as a way to stay connected with your kids. IN THIS EPISODE: [00:30] What are questions that parents should ask when on campus tour about prevention services [04:34] What are campus culture things to look at when touring colleges [05:47] Seychelles' hot tip for how she chose which college to attend [08:00] What questions to ask for students who may be in recovery [13:22] Understanding the issues of substance abuse and what resources are available for students with substance abuse struggles [16:35] Warning signs of substance abuse KEY TAKEAWAYS: When touring colleges, be sure to ask about what mental health resources are available and what their policy is on substance use. You can also ask to meet with someone in the Student Affairs office to talk about prevention activities and services. One thing parents can do is make sure that your kids know they can always call if they are struggling with substance abuse or any other issues that they might face at school. Parents should embrace technology, like FaceTime, as a way to stay in touch with your student. It also helps when looking for warning signs of substance abuse so you can see their face, see how they are doing, or even see the people they are hanging out with. Resources:   Growing Up Drug Free: A Parent's Guide to Substance Use Prevention     Campus Drug Prevention    One Pill Could Kill   Never Thought I'd Say This Podcast with Jodie Sweetin     BIO:   Jodie Sweetin is an American actress and television personality known for her role as Stephanie Tanner in the ABC comedy series Full House and its Netflix sequel series Fuller House. Jodie is joined by Content Expert Amy McCarthy, a Senior Clinical Social Worker at Boston Children's Hospital. @jodiesweetin   Rich Lucey is a senior prevention program manager in the Drug Enforcement Administration's Community Outreach and Prevention Support Section. Rich plans and executes educational and public information programs, evaluates program goals and outcomes, and serves as an advisor to the Section Chief and other DEA officials on drug misuse prevention and education programs. Rich formerly served as special assistant to the director for the federal Center for Substance Abuse Prevention, and worked as an education program specialist in the U.S. Department of Education's Office of Safe and Drug-Free Schools.   Sally Linowski, Ph.D., CHES has 30 years of experience in substance abuse prevention, community building and teaching in higher education. She serves as a consultant to campuses nationally on the strategic implementation of comprehensive prevention programs, including extensive experience ensuring compliance with federal mandates and planning and implementing individual and environmental prevention approaches. She has expertise in building meaningful campus and town partnerships and engaging students in addressing off campus student concerns as peer leaders. Currently, Sally is Senior Director, Off Campus Student Life and Community Engagement at UMass Amherst, where she oversees the Off Campus Student Center, Sorority and Fraternity Life, and Student Parent Programs. Sally is an adjunct assistant professor at the UMass Amherst School of Public Health and Health Sciences and founder/co-chair of the Campus and Community Coalition to Reduce High Risk Drinking.       The views, information, or opinions expressed during the Awkward Conversation series are solely those of the individuals, speakers, commentators, experts and or hosts involved and do not necessarily reflect nor represent those of the production, associates or broadcaster or any of its employees. Production is not responsible and does not verify for accuracy any of the information contained in the series available for viewing. The primary purpose of this series is to educate and inform. This series does not constitute medical or other professional advice or services. This series is available for private, non-commercial use only. The production, broadcaster or its channel cannot be held accountable for all or any views expressed during this program.   About Elks   As a 150-year-old organization, they are 100% inclusive with a membership of close to 1 million diverse men and women in over 2,000 Lodges nationally, and while they consider themselves faith based, they are nondenominational and open to all creeds. The Elks have always prided themselves on civic duty, and the Elks Drug and Alcohol Prevention (DAP) program is the nation's largest all volunteer Kids Drug & Alcohol Use Prevention program. The Elks are also strong supporters of our brave men and women in the military, having built and donated the nation's first VA Hospital to the U.S. government. The Elks have donated more than $3.6 billion in cash, goods, and services to enrich the lives of millions of people!    About DEA The United States Drug Enforcement Administration was created in 1973 by President Nixon after the government noticed an alarming rise in recreational drug use and drug-related crime. A division of the Department of Justice, DEA is tasked with enforcing the controlled substances laws by apprehending offenders to be prosecuted for criminal and civil crimes. DEA is the largest and most effective anti drug organization in the world, with 239 domestic locations and 91 foreign offices in 68 countries.   Elks Kid Zone Website     Watch Awkward Conversations Season 1 the series:  Awkward Breakfast Conversations - Ep. 1  Awkward Lunch Conversations - Ep. 2  Awkward Dinner Conversations - Ep. 3  Elks Drug Awareness Program Website  Elks DAP on Twitter    Elks DAP on Facebook  Elks DAP on YouTube  DEA Website  DEA on Instagram  DEA on Twitter  DEA on Facebook  DEA YouTube Channel 

Au nord de l'Éthiopie, voilà une semaine que les combats ont repris entre l'armée fédérale et les rebelles du Tigré, après cinq mois de trêve. Mehdi Labzaé est sociologue au Centre d'études et de documentation économiques, juridiques et sociales (Cedej) du Caire, en Égypte. Pour ce chercheur français, la guerre reprend notamment parce que le blocus humanitaire de la province du Tigré n'a jamais été levé pendant la trêve. RFI : Pourquoi cette reprise des hostilités dans le nord de l'Éthiopie ? Mehdi Labzaé : On peut considérer que c'est l'échec d'un processus de négociations qui a certainement été entamé pour gagner du temps. On sait depuis environ une semaine qu'il y a eu des rencontres directes entre le gouvernement du Tigré, le Front de libération du peuple du Tigré (TPLF), et le gouvernement fédéral de l'Éthiopie au cours des semaines passées. Cependant, les préconditions qui sont posées de part et d'autre ne sont donc pas acceptées et les combats ont repris depuis maintenant une semaine. Des rencontres secrètes ont eu lieu ces dernières semaines à Djibouti, aux Seychelles ? À Djibouti et aux Seychelles, et puis un processus de négociations sous l'égide de l'Union africaine avec un émissaire, l'ancien président nigérian Olusegun Obasanjo, mais qui est jugé par le TPLF comme trop proche des positions du gouvernement fédéral. Il faut reconnaître qu'Obansanjo considérait comme négociable la levée du blocus qui pèse depuis un an sur le Tigré. La levée de ce blocus étant considérée par le TPLF comme une précondition aux négociations, et non pas comme devant faire l'objet de négociations. Autre élément qui est refusé par le TPLF, c'est l'idée d'avoir, autour de la table des négociations, l'Érythrée qui est depuis des décennies maintenant l'ennemi politique du TPLF. Le conflit n'était pas du tout en pause dans la région de l'Oromia Depuis samedi 27 août, les rebelles tigréens se sont emparés de la localité de Kobo, à une quinzaine de kilomètres au sud de la frontière du Tigré. Est-ce le signe d'une nouvelle offensive du TPLF, un an après celle de 2021 ? Tôt, mardi matin, un des porte-paroles du TPLF, Getachew Reda, a diffusé un communiqué de presse dans lequel il expliquait qu'il y avait maintenant une contre-offensive du TPLF après les attaques du gouvernement fédéral. On a des rumeurs contradictoires sur l'avancée réelle aujourd'hui des troupes du Tigré. Ce qui est sûr, c'est que, mardi matin, on avait encore des communications avec la ville de Lalibela et que les gens savaient que les troupes du TPLF étaient dans les environs de Mudja à une cinquantaine de kilomètres, mais pas encore dans la ville de Lalibela à proprement parler. ►À écouter aussi : Invité Afrique - Guerre au Tigré : « On a une vraie politique de nettoyage ethnique » Donc, ce que vous craignez en fait, c'est une généralisation du conflit comme en 2021 ? Oui. Et on peut dire que cette généralisation est déjà là. Je voudrais rappeler que, bien que les armes se soient relativement tues au Tigré depuis environ cinq mois, avant cette reprise cette semaine, le conflit n'était pas du tout en pause dans la région de l'Oromia, qui est la plus peuplée d'Éthiopie. Là-bas, on continuait à avoir des massacres, des villages brûlés et des affrontements entre les forces fédérales, les forces de la région d'Oromia et le Front de libération Oromo dont on se souvient qu'il avait officialisé une alliance militaire avec le TPLF en août 2021. On a une famine qui a toujours lieu au Tigré Pendant les cinq derniers mois de trêve au Tigré, il y a quand même eu des signaux positifs, notamment la libération de responsables du TPLF par le gouvernement éthiopien. Est-ce qu'on ne peut pas espérer une reprise de ces négociations ? Je voudrais nuancer cette idée de points positifs à travers la libération de gens qui ont été présentés comme des cadres du TPLF, parce qu'on pense notamment à Sebhat Nega qui est certes un cadre historique, mais quand il a été arrêté, il n'avait plus de responsabilités dans le parti. Et d'autres personnes, qui avaient toujours des responsabilités dans le parti et qui ont été arrêtées, demeurent, elles, détenues par le gouvernement fédéral. Donc, ce pas en avant qui avait été fait par le gouvernement fédéral en janvier 2022 était plus symbolique qu'autre chose. Surtout parce que le gouvernement fédéral a maintenu ce blocus sur le Tigré, un blocus humanitaire qui a empêché l'aide d'arriver, et donc on a une famine qui a toujours lieu au Tigré et on a l'essentiel de la population de la région, très largement rurale, qui a un besoin d'aide alimentaire majeure pour ne pas mourir. ►À lire aussi : Le chef de l'OMS qualifie la situation au Tigré de «pire catastrophe dans le monde» Donc, pour vous, la paix passera par la levée du blocus et peut-être la nomination d'un nouveau médiateur ? Du côté du gouvernement du Tigré, ils ont été assez clairs là-dessus. Debretsion Gebremichael, le secrétaire général du TPLF, a bien dit dans un communiqué la semaine dernière qu'ils avaient le choix entre mourir de faim ou se battre pour leur dignité. Donc, à moins qu'ils soient anéantis militairement, il me semble que, oui, un nouvel émissaire qui serait jugé plus impartial par les Tigréens est nécessaire.

This session will share answers on how to select a mission agency. Each person who attends will receive a card when they enter the room. The moderator, John McVay, will group and select questions, direct them to appropriate panelists, and receive questions from the floor. Probable topics discussed from questions expected are: agency focus, doctrine, finances, services, leadership, locations, compatibility.

Tune in for today's episode where Michael and Lori answer questions that we have received from listeners and members of the Roofstock Academy. We cover questions on property management, appraisals on all cash offers, editing lease agreements, wire transfers on EMDs, insurance assumptions, and renter's insurance. Please submit your questions as comments on YouTube for the next round! --- 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.   Pierre: Hey, everyone, and welcome to the Remote Real Estate Investor Podcast. Today I'm joined by Michael Albaum and it is my distinct honor and pleasure to welcome Lori Ruddle. Lori, welcome to the podcast for the first time.   Lori: Thank you.   Pierre: Do you want to give a brief introduction for yourself?   Lori: Let's see right now, I am the Roofstock membership concierge and also one of the coaches.   Michael: Yeah, you are!   Pierre: Today we're going to be tackling some more questions that we got from members of the Roofstock Academy and also some listener submitted questions. So let's hop right into it.   All right, so let's jump right into the questions. So I'll just pitch these out to you and whoever's excited about responding to the question, feel free to pipe in.   Michael: Let's do it.   Pierre: First one here. Can you have a property manager, only qualified tenants?   Michael: Ooh, Lori… You are all over this!   Lori: Yes, I will do my best! You have the ability to do like have them do everything that they would normally do or you can piecemeal it out and do everything ala carte. So you prefer to do the screening, which is very uncommon, but perhaps you prefer to do the screening and then you can do the screening and have them handle the month to month. So like collection of rents, all those different kinds of things, so you can definitely piecemeal it out.   Michael: And then if you because I've had this question come up to if you wanted someone to only do the leasing piece of it, do you think that most property managers are open to doing that, like with a leasing agent, and then you do the actual management yourself?   Lori: It depends upon the location, like some location, you know, it depends on where you're located, because some locations, some areas have a higher percentage of you know, leasing done by realtors and others have a higher percentage that are done by property managers. So it really kind of depends upon where you're located. Like in my area, it's not very common for realtors to do leasing, so…   Michael: Yep, yeah, same for me. I was super surprised to learn that that was like something that Realtors did. I was totally foreign to me.   Lori: Yeah, so it depends.   Michael: Yeah. Okay, so I guess kind of, like so many things, ask reach out to the property manager, ask them? Is that something that they're open to and what the fee structure would look like if they are?   Lori: Yeah, and definitely check with the realtor that you've been using, if you're using one in that area, because maybe it's cheaper, maybe they do it one off, you just never know, it's just good to kind of find out which way is going to work better for you.   Michael: Yeah, super good point and even to that point, I love working and I've chatted with a lot of people about this in the academy. But I love working with agents who are also property managers, or vice versa. Because I always say you date your agent, and you marry your property manager and so if your agent sells you a crummy deal, they're off to the next transaction, you might never hear or see them again, but a property manager there with you for the long haul, assuming it's a good working relationship and so having an agent that also spotted manager, they're not going to want to sell you their own headache and something that I've also encountered is if they are if they do wear both hats, asking the property manager, hey, what is your leasing fee look like if I buy through you. So I actually worked with a couple property managers that didn't charge me a tenant placement fee, because I bought the property through them. So there could be some additional added benefits you can stack on just by using the same folks and personnel.   Lori: For sure and it's also you know, if you are utilizing a property manager or leasing or realtor, depending upon, you know, it may be more cost effective for you to do all of it versus just take out one small piece of it. So depending upon the pricing structure.   Michael: Super great point. So hopefully that was a very long winded way of getting to a semblance of an answer but great question.   Pierre: Let's stretch out that wind a little longer, I have one more…   Michael: Yeah, let's do it!   Pierre: A nugget to drop on there. Yeah, I know. We're we can't make recommendations of who you go to on this the show in particular, but you can look up this property management light companies as well, that allow you that provide exactly this service. So we've had a property manager on the show before that, that showed their product, which is very much like this. It's very minimal fees, and you could employ them to the degree that you want them involved in your property.   Michael: Yeah, yeah. Since you were appointed yeah, those companies it's kind of tech enabled companies are coming becoming more popular seemingly to for the ala carte style.   Pierre: Exactly.   Michael: Sweet.   Pierre: I consider that sufficiently answered…   Michael: Closed, signed, sealed onto the next one.   Pierre: All right, next one here. Can you add or change verbiage in a lease?   Michael: Oh Lori, this is your this is right up your alley too.   Lori: Yeah, this is right up my alley! Yeah. 100%. Um, they usually property managers, or if it's the realtor, they have, like a pre canned version that they use. But, you know, usually it's best to say, okay, have you included something about this or about that something that's important to you and usually, it's covered in the leases that they have but if not, you can absolutely added it.   Michael: So Lori, question for your pop fire question. Yeah, I had a really bad experience with a tenant. They trashed the house on the way out and so I want a $20,000 deposit security deposit for my next tenant. Is that something that I can add to the lease?   Lori: Well, you could try, but that's never going to happen. No one's ever going to agree to that.   Michael: Yeah, I think I think it's a super good point, like, is it within the realm of possibility. Another caveat, I would add is also make sure that it's legal to do because there are some things that, you know, if you added it to a lease, and someone signed it, and this is your kind of binding legal agreement, and then you had to go to court for some reason, someone could look at the lease and say, hey, this is illegal, like, you can't, this is an unenforceable lease, and the whole thing becomes moot. So definitely, don't just be adding things willy nilly work with your property manager working with local attorney to find out hey, is this is this legal in the state of which the lease is being enforced?   Lori: Yeah, and one of the things I always like to add is a rent increase for the next year. So you kind of like, kind of, you know, hit that before you even begin, you know, like, okay, if you stay in, if you want to sign on for a second year, then this is going to be the amount the increase will be.   Michael: That's so good!   Lori: …known entity, and you don't have to have that discussion, which can be awkward sometimes, or, you know, feel like that you have to negotiate some sort of rent increase. It's just a done deal.   Michael: It's just this is plain black and white language. I love that, I love that. One instance of when this happened, actually, not with regard to the rent increases, but I was listening to a podcast, and they were talking about this exact issue about adding certain things to the lease and so it was like a hold harmless clause about litigation, and the tenant basically waives the right to sue people. So I called my property manager and was like, hey, is this in our leases and he goes, I'm not sure let me check and he got with the attorney. He was like, dude, like, great call out. We're adding it to all of our leases now. So don't think that just because you're hearing about it for the first time that other people aren't as well and don't be afraid to ask those questions or make those suggestions.   Lori: But keep in mind with something like that. Yes, it's a hold harmless for sure. But that may or may not stand up in court.   Michael: Right, fingers, fingers crossed…   Lori: And it doesn't stop anybody, right. It definitely deters it and but it doesn't necessarily stop anyone from suing you.   Michael: Right as landlords often know, all too well.   Lori: Yeah, yeah   Michael: Signed, sealed, delivered. Next.   Pierre: Yeah, check. Let's go. Buying with all cash, is it a recommended practice to pay for a professional appraisal before making an offer?   Lori: You should take this on Michael.   Michael: So before making an offer, I wouldn't say so. I don't think I've never gotten an appraisal prior to making an offer oftentimes, that especially in today's market, we're recording this mid-August 2022, you also have to shoot first ask questions later, sort of a thing. So get your offer out there, get it accepted, get into the due diligence phase, and then figure out all of your questions that need answering and I actually have also never used an appraisal contingency when making an all cash purchase. A lot of agents will tell you investors will tell you that every contingency you have and your part of your offer weakens the offer. So the offer with the least amount. Is that Is that fair to say Lori?   Lori: 100%!...   Michael: Yeah, so…   Lori: …A realtor! Yeah, for sure. Never seen it!   Michael: Yeah. You've never seen it. You oh, you've never seen it with an all cash offer and appraisal contingency?   Lori: No, never.   Michael: Well, there you have it, folks. So I think it's maybe a wise thing to do for yourself, if that's something you need to do. But the I think the thought process behind it is that oftentimes, if you're making an all cash offer, you might be buying the property for less than market value or less than list and so you're building in some buffer there and so the appraisal doesn't really mean anything other than you're buying it based on what an appraiser thinks is fair market value, so all that to say…   Lori: Because, yeah, and the whole reason to buy with cash is because you can get a better deal, you know, yeah, and usually that negates a need for are any sort of appraisal anyway…   Michael: Yeah, I will send me I guess there's an argument to be made of will, hey, we're in a super-hot market properties listed for 100 but I come in 110, all cash. So I'm overpaying and if the appraisal did come back at 100, I mean, maybe there's an argument to be made that, hey, I can, I can negotiate with the seller to reduce the price to 100. But, again, you're just adding more contingencies to your offer. So it all comes down to like, how comfortable are you with the offer you're making with the market value that you can determine with the other tools and resources that you have at your disposal and then, like, if you're wrong, if the number if the market value is lower than what you're actually buying it for? Do you care? Does that mean if you're gonna buy and hold the thing for 10 years, which is my intent for a lot of these properties? I don't really care because like property, still cash flows really well. So, Lori, do you have thoughts kind of in that regard?   Lori: Yeah, I mean, I feel like with the, you know, anytime you're adding anything to be able to get out of the deal, you're lessening your bargaining power 100%. You know, like, you might as well just do it with a loan than why buy with cash, the whole point of cash is, so you have bargaining power…   Michael: Yeah, that's a great, that's a great question. I mean, what about putting in that as part of your offer, as, hey, I reserved, you know, this is an all cash offer, but I reserve the right to go get financing, if I decide to do that. Have you ever seen that?   Lori: You know, I've seen that and it didn't I mean, then then you're just like every other offer, you know, that's looking for a loan, you know, it's like, okay, well, then why would they, you know, you start getting the buyer, the seller, or the agent starting to question like, why are they doing that? Why are they adding that in there? Why are they adding one more obstacle to the purchase?   Mchael: Yeah, I love it.   Lori: Because it's a totally different ballgame. If you have a lender, then you have so many more hoops, you have to jump through…   Michael: Yeah and I think, too, and thinking about this, like, let's try to take off our investor hats for a minute and put on the seller hat and think about, okay, if I'm in the seller seat, and I get this these two offers, one has an appraisal contingency and one doesn't. How would I How would I respond and when we can think about that, and think about how do we set ourselves apart from all the other offers that the seller is seeing that helps shed light on the scenario as well…   Lori: Oh, 100%! Yeah, if I, when I've had multiple offers on one of my investment properties, I'm not looking at anything has any sort of contingency, and I definitely have preferred cash and picked cash because I know I can close in a couple of weeks.   Michael: Yeah and you probably took lower offers in cash than you would find the next one, man, we're just lining these up, knocking them down   Lori: and giving long answers…   Pierre: All right.   Michael: Big meaty answers, that's important!   Pierre: That's good, though, you know, you need to provide all the contexts around them. All right, next one here. How often does a buyer use the same property manager that the seller was using?   Lori: I would say like 70-80% of the time I've seen it. It also depends on how forthcoming the current property manager has been to the new buyers, I've had where, you know, the current property manager was a nightmare and didn't want to disclose anything they didn't have to and that didn't set them up. Well, they didn't get to manage the property moving forward with the new buyer.   Michael: What, as a follow up Lori, when do you think, like, what are the pros and what are the cons of staying with the same property manager, if you're an investor buying the property from a seller.   Lori: If you, if you keep that current property manager, they already know the property, they know the issues of the property. The negative would be that you're inheriting any issues that may have been a communication between the property manager and the tenant, you could have all sorts of you just don't know for sure, you know, so I'd say, you know, definitely favor the possibility of using the current property manager, but definitely do your research and make sure you have the best option available.   Michael: Totally. Yeah, I agree. 100% and one other thing I would add to that is if you are changing property managers, like stuff gets fumbled all the time. Like there's a lot of moving pieces, it just a real estate transaction and now we're adding a tenant and property management into the equation and so there's like a physical key handoff that has to happen once you close and then there's documents that have to get handed off and the tenant has to know where are they paying their rent and maybe they have to get on to a new property managers lease so there's just stuff that has to happen so it's not necessarily as plug and play as if you keep the same property manager so I guess I'm going to think about is even if you don't love the new property manager, stick it out for 30 days 15-30 days whatever just get the transaction piece done, let the dust settle and then you can go switch things are less likely to get missed I would I would get I would garner…   Lori: Or even wait till you know you it's time to renew the lease because the lease is going to follow the tenant. So they're not going to change, the lease doesn't get changed necessarily right away, it would follow the tenant. So if you know the lease was only a couple of months in, then you still have 10 months, so you have to follow that lease as the new owner and property manager.   Michael: Sweet! Pierre's speaking from experience.   Pierre: And don't be shy to change your property manager, though, if I'm speaking from experience, what we're going through right now, in this moment, I think we wait, we waited a little too long. We're paying the price, so…   Michael: You're not a real investor and so you fired a property manager…   Pierre: Is it simple for an account holder at your typical bank to wire the EMD online from your bank's website?   Michael: Great question. It depends. I've got, you know, I have I had that ability with my bank. But I don't think every bank offers that. So I would say just do your homework ahead of time and determine what that looks like for you and your bank and if it's physically possible, because if it is great, if it's not, that could be a problem. But the other piece of that I would say to as a follow up is not just the end, but the rest of your deposit. So my bank has an online weekly wire limits, which I've exceeded at times trying to do a deal and I was like, oh, crap, like, I gotta get into a physical bank branch to send the wire because they don't like doing that stuff over the phone. So just make sure that you've got your T's crossed, and I's dotted with regards to how you're physically going to get the money from where it currently is to where it needs to go well in advance of when it actually has to happen.   Lori: Yeah and also be really careful about wire transfers, because I have seen it happen and it was horrendous, where a person had like, they just emailed and got the wire information. But somebody had intercepted it and gave them a different wire transfer information and they wired, I think it was about 100,000 to a bank, never saw the money again. No, just be I'm just saying yeah, make the call. Call the institution that your wire transferring to, and make sure you get like someone telling you the information because I've seen it happen. It's not pretty!   Michael: Yes, we had, we had someone on the podcast a while back, and we were talking about this exact thing and so what Lori is talking about is when you receive the wire instructions, it's probably going to be from the title or escrow company, pick up the phone and call that title or escrow company and say, hey, tell me what you just sent me, I want to confirm the wire instructions and they're going to tell you the account number, the routing number, the bank address where it needs to go and then you can feel more confident that hey, this okay, I'm talking to the person that's on the other end the receiving end of this, as opposed to just a bank in the Seychelles or wherever off the coast…   Lori: Yeah, because once that wire transfer is done, it's done.   Michael: It's gone, yeah.   Pierre: Yeah. Nuts are just Bitcoin.   Michael: Oh, there you go but I guess if you transfer Bitcoin to an account that you didn't want it to, could you…   Pierre: You can get one character wrong, and that those bitcoins will never be asked, and again.   Michael: Bye, bye…Best day ever to wake it up…   Lori: Where the hell did this come from?   Pierre: Yeah. All right, we're gonna go to the next one here. Do lenders typically fund 80% of the appraised value, 80% of the purchase price or whichever is lower?   Michael: Lori, you want it?   Lori: Whichever is lower? Yeah... Any way they cannot give you more money…   Michael: Yes. It's the sad reality. So you got to take your purchase price, and then your appraised value, if you're getting an appraisal, but of course, if you're using a lender, they're going to make you get an appraisal and so we're going to take 80% of that and whichever is lower and a lot of lenders do, by the way, like aren't going up to 80%. LTV, I'm seeing 70 or 75%. LTV. So the 8020 rule is not a rule, I would say it's kind of a guideline and so ask your lender. Hey, how much what LTV? Can I get out? I got anything else on that one? Yeah, that's, that was an easy way to stay straightforward.   Pierre: Yeah, that's a that's an easy one. Next one here: What is a rough rule of thumb for calculating insurance costs for a rental when you are evaluating properties during that time before you're making offers?   Michael: I'll take a stab at this one! Yeah, so I have kind of two, two thresholds one is for a property purchase price of 150k or less, and the other is for 150k or more, and so on 150k or less, I see for like, strong quality insurance point eight to 1.2% of the purchase price. So if we just roll that straight up the middle on $100,000 house, if you're paying about 1000 bucks a year Insurance, I'd say that's probably pretty close. Now, could you go get insurance for 500 bucks 600 bucks a year? Probably that that exists, I would imagine. But what's it going to cover is the question we need to be asking and so if we're trying to save 2, 3, 4-100 bucks a year on insurance costs, but we're cutting out a huge subset of the coverages or taking a really high deductible, it might come back to bite us in the butt and so you don't need to become an insurance expert to invest in real estate. But you definitely want to have a base level of understanding of okay, what are the coverages that are available? What do they actually cover? So not just, hey, these are the checkboxes, I'm checking for coverage but what do they mean? How do they come into effect and then what do they cost and you'll see like, there are some really expensive coverages that might not be worthwhile and there might be some really cheap coverages that, absolutely, you should be paying the extra 20 bucks a year to get and so I think that point eight to 1.2%, will get you within the realm of closeness and insurance costs change over time to like, just like property values change over time, insurance markets harden and soften and I come from this world, for better or for worse and so the market has been hardened in like the last eight, nine years or so and so costs are going up. Now, we'd go to the subset of properties 150k, or more in terms of purchase price, and we're probably in that point five to point seven ballpark range. So if you're buying a property for $280,000, I would be shocked if you were paying $2,500 a year in insurance, you might be at the 14-15 $1,600 price point, again, for some really great coverage and so a lot of the reasoning behind that is might be getting too deep in the weeds here. But there's just a minimum policy amount that insurance companies charge, baseline doesn't really matter how little the coverage is. So you could be getting an insurance policy for a $10,000 house or an $80,000 house, those two policies might cost fairly similarly, because they're on the lower tier just of cost for the insurance company to issue that policy. As you start getting higher and higher, your cost of insurance tends to go down on a percentage, or $1 threshold dollar per square foot threshold. So Lori, I hope I didn't just get too deep in the weeds there. But any, any thoughts?   Lori: No, no, you are the insurance expert, I leave that to you…   Michael: If I am the expert here then we are all in trouble. But that's again, just a very rough ballpark rules of thumb, I would say and that's going to be for your dwelling policy itself. There are lots of different kinds of insurances that people can get. But the kind of the big ones are the dwelling fire or the landlord policy is what people often refer to that covers, like the structure itself, and then also some liability for the owner. But there are both on insurance policies as well that don't come standard and so you really need to understand, hey, if you're getting this insurance policy, what's not covered and that's a really great question to ask of your insurance carrier, it's often going to be but not entirely limited to, that's my legalese disclosure there, flood is going to be a separate policy as his earthquake, wind can or cannot be depending on the area. So you again, you need to really understand what are the natural hazards that are affecting this area? Is it in a flood zone? If it is, and you have a loan lender is likely going to require that you get flood insurance…   Lori: 99% of the time! Yeah!   Michael: Right, so if you're the person that's using all cash, and not getting their appraisal, I guess an appraisal probably wouldn't pick that stuff up. But if you're using an all cash offer, you want to be darn certain about if you're in a flood zone or not because no one might come to your rescue and tell you, oh, hey, by the way, investor, this is in a flood zone, please go get flood insurance. So you just again, want to understand what the exposures are in the area and talking to a local insurance agent is going to be I think one of the best ways to do that, if that's something you're not comfortable doing on your own, unless you're like a total NAT has nerd like me, which I hope no one else out there is…   Lori: Well, and flood zones are super common in certain areas, like we have in where I live, you know, it's like there's some definite flood zones, and then those are prime investor properties because nobody wants to purchase them to live in as their primary because you have to pay for flood insurance, and it can be quite cost prohibitive for someone who's, you know, in that income range and living in those properties. So, you know, but as an investor, it's absolutely doable.   Pierre: And Mike, so does fire insurance come standard in your current policy at your primary?   Michael: Yes. And so that's the biggest hazard that's being protected against in in a standard dwelling policy or landlord policy.   Pierre: And then a separate question across your portfolio. Do you require all of your renters to have renter insurance?   Michael: That's a really good question. Yes, I think like technically by the letter of the law they are supposed to, whether they are get it or not is a different issue I really pushing to have that kind of be the uniform across the board. But it's I think, if you asked me today a gun to my head does every single one your renters have it? I would probably say no…   Lori: I know that like, and different college towns, I know that they require it. So it's like, if you don't already have it, and you have to prove that you have it, then you have to purchase through them. So through the property manager, so that's also an option too.   Pierre: Yeah and is there like a standard process because I know that when you're renting, you kind of as you're signing the lease and collecting all of the papers, you require them to submit their insurance? What about when you renew the lease? Are you asking them to send in updated insurance proof for each renewal of the lease?   Lori: I mean, it's definitely a good idea to do, so. You know, it can just be you know, when you know, because you'll have a copy of their current renter's insurance and you'll see when it expires, and you can just say, hey, you know, part of the process, you know, you just put it in as an extra clause in the lease.   Michael: I think it's a great idea.     Pierre: All right. Final question from this lesson, I think we'll wrap up on this one, who will replace the property in case of total property loss as a part of replacement costs? Will the insurance company construct or pay cash to rebuild…   Michael: I love that everyone's asking this insurance questions. So it's gonna go like this. So I had two fires in a property.   Pierre: I was gonna throw that in the question, if your property catches fire, Michael, yeah, twice, what do you do   Michael: What do you do? So the insurance company is you are the insurance companies client and so the property manager can assist in this whole process and it is a process getting everything squared away and corrected. But the idea is that the insurance company is going to read pay to have the property rebuilt, they are not going to go find the contractors, they're not going to go pull permits, they're not going to work with the city to make that happen, that's going to be on you as the owner. So if you have a total loss strap in, because it's probably going to suck, but it can, it can be okay, like, don't freak out, something I would absolutely recommend doing is if the insurance company is not playing ball with you go get a public adjuster. This is someone who's an advocate for you as a client, they're often paid based on commission. So however much additional they're able to help you collect from the insurance company, they'll get a cut of that it's worth every stinking Penny, because without them, you wouldn't have a dime more than the insurance company is willing to give you. That being said, so the insurance company is going to pay to have the house rebuilt up to the limit of the policy, and the policy limit that's stipulated in the policy itself. So that's kind of the guiding light, if you will, as to how much the insurance company is going to pay.   Now, they are often going to give you a check to get the property construction started to kind of get the process underway. But if you opt to not rebuild the property, the amount of money that you're going to walk away with is likely going to be less than the number listed on your policy. So if you have $100,000 policy, and the house burns down, do not expect a check for $100,000. They're gonna say, okay, well, here's $40,000, to start get the property rebuilt and as you do that, they're likely going to give you incremental draws on the policy as the property is getting rebuilt or they might say, hey, you know what, here's 90 grand, you get the other 10% once the property is completed, or once the construction is X percent done, because they're going to say, hey, if you don't rebuild the property, if you're going to take the cash, we're going to give you less. So that's kind of in a nutshell how it works. It's a lot more nuanced than that the policy can respond in a number of different ways and so policy language is really beyond the scope of this show, and my knowledge to because every policy is little bit different. But if you have a replacement cost policy, that's likely how it's how it's going to go. If you have an actual cash value policy and ACV policy, it's going to be a little bit different. They're going to look at that $100,000 house and say, hey, it's 30 to 2030 years old, it's only worth 60 grand. Here's a check. 60 grand, thank you very much best of luck to you and so I think it's very, very, very important to evaluate, especially if you have a loan, especially if you have a loan, what type of insurance policy you're getting is a replacement cost or is it actual cash value? Replacement Cost is the stronger of the two. It's the safer of the two I would argue but it's the more expensive of the two on most single family homes are see replacement cost is for sure the way to go on multifamily if you can get it like I have. I have properties that were built in 1908. The insurance company didn't even give me the option for replacement costs it was here's the actual cash value, take it or leave it kind of a thing and with partial losses, that's where you can get in to real, real trouble. So again, I'm gonna step off my soapbox here for a minute and leave you all with that.   Pierre: Lori, do you have anything to add on that one or did Mike just…   Lori: No really, me it's pretty straightforward. I always like it, just simplify it. I always just say, you know, think about when you have a car and it gets, you know, you have an accident or whatever, it's the same kind of thing, you know, like, they're not going to go find you a new car, you know, to purchase, they're gonna give you the money and you have to handle the rest of yourself. So, yeah, so like a simplified version.   Pierre: Excellent. Thanks, Lori, for joining us. We're happy to have you back on.   Lori: Thanks.   Pierre: And thank you all for submitting your questions, keep them coming. We love answering your questions. You can submit them on iTunes or as comments on YouTube and we will catch you on the next episode.   Michael: Happy investing…

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