{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":2.37,"endTime":3.45,"body":"Hey,"},{"speaker":"Average Joe Finances","startTime":2.37,"endTime":3.45,"body":"how's it going everybody?"},{"speaker":"Average Joe Finances","startTime":3.45,"endTime":8.07,"body":"So today's guest is no stranger to"},{"speaker":"Average Joe Finances","startTime":3.45,"endTime":8.07,"body":"the average Joe finances podcast."},{"speaker":"Average Joe Finances","startTime":8.07,"endTime":11.7,"body":"He's been here before, back on"},{"speaker":"Average Joe Finances","startTime":8.07,"endTime":11.7,"body":"episode 24, but she just reminded"},{"speaker":"Average Joe Finances","startTime":11.7,"endTime":13.05,"body":"me of, cause I couldn't remember."},{"speaker":"Average Joe Finances","startTime":13.41,"endTime":16.47,"body":"So I want to welcome back"},{"speaker":"Average Joe Finances","startTime":13.41,"endTime":16.47,"body":"at Anthony Richie, right?"},{"speaker":"Average Joe Finances","startTime":17.185,"endTime":19.975,"body":"Runs the podcast called"},{"speaker":"Average Joe Finances","startTime":17.185,"endTime":19.975,"body":"rich state of mind."},{"speaker":"Average Joe Finances","startTime":20.365,"endTime":23.305,"body":"And the last time we had him on,"},{"speaker":"Average Joe Finances","startTime":20.365,"endTime":23.305,"body":"he was talking about some of his"},{"speaker":"Average Joe Finances","startTime":23.305,"endTime":27.351,"body":"properties that he had, including"},{"speaker":"Average Joe Finances","startTime":23.305,"endTime":27.351,"body":"a triplex down back in Virginia."},{"speaker":"Average Joe Finances","startTime":27.406,"endTime":29.865,"body":"And we talked about some of"},{"speaker":"Average Joe Finances","startTime":27.406,"endTime":29.865,"body":"the different processes and"},{"speaker":"Average Joe Finances","startTime":29.865,"endTime":31.065,"body":"what got him into real estate."},{"speaker":"Average Joe Finances","startTime":31.955,"endTime":35.258,"body":"And we also talked about, different things"},{"speaker":"Average Joe Finances","startTime":31.955,"endTime":35.258,"body":"like that, about him being in the Navy."},{"speaker":"Average Joe Finances","startTime":35.498,"endTime":37.988,"body":"So we're going to, we're going"},{"speaker":"Average Joe Finances","startTime":35.498,"endTime":37.988,"body":"to dive a little bit deeper today"},{"speaker":"Average Joe Finances","startTime":38.258,"endTime":40.358,"body":"on what he's doing, excuse me."},{"speaker":"Average Joe Finances","startTime":40.988,"endTime":43.148,"body":"And some new adventures that"},{"speaker":"Average Joe Finances","startTime":40.988,"endTime":43.148,"body":"he's on right now, which I'm"},{"speaker":"Average Joe Finances","startTime":43.148,"endTime":44.348,"body":"really excited to talk about."},{"speaker":"Average Joe Finances","startTime":44.678,"endTime":48.218,"body":"So I don't want to spoil any of that"},{"speaker":"Average Joe Finances","startTime":44.678,"endTime":48.218,"body":"here, but for those of you that don't"},{"speaker":"Average Joe Finances","startTime":48.218,"endTime":51.578,"body":"know who Anthony is, like I said, he's the"},{"speaker":"Average Joe Finances","startTime":48.218,"endTime":51.578,"body":"host of the rich state of mind podcast."},{"speaker":"Average Joe Finances","startTime":51.848,"endTime":53.228,"body":"He's a real estate investor."},{"speaker":"Average Joe Finances","startTime":53.378,"endTime":55.748,"body":"He's active duty in the Navy"},{"speaker":"Average Joe Finances","startTime":53.378,"endTime":55.748,"body":"as a chief petty officer."},{"speaker":"Average Joe Finances","startTime":56.203,"endTime":59.713,"body":"And he is married to a very"},{"speaker":"Average Joe Finances","startTime":56.203,"endTime":59.713,"body":"good friend of mine, who I also"},{"speaker":"Average Joe Finances","startTime":59.713,"endTime":61.563,"body":"served in the Navy with Amyra."},{"speaker":"Average Joe Finances","startTime":61.563,"endTime":63.826,"body":"Really excited to have"},{"speaker":"Average Joe Finances","startTime":61.563,"endTime":63.826,"body":"you back on here, Anthony."},{"speaker":"Average Joe Finances","startTime":64.096,"endTime":67.786,"body":"It's every time we talk, it's always"},{"speaker":"Average Joe Finances","startTime":64.096,"endTime":67.786,"body":"a blast because we talk a whole"},{"speaker":"Average Joe Finances","startTime":67.786,"endTime":69.946,"body":"bunch offline besides podcasts."},{"speaker":"Average Joe Finances","startTime":70.156,"endTime":72.916,"body":"I know I've been on your show a"},{"speaker":"Average Joe Finances","startTime":70.156,"endTime":72.916,"body":"couple times and now you're coming"},{"speaker":"Average Joe Finances","startTime":72.916,"endTime":77.202,"body":"back on my show for round two and"},{"speaker":"Average Joe Finances","startTime":72.916,"endTime":77.202,"body":"I'm super stoked and super excited"},{"speaker":"Average Joe Finances","startTime":77.202,"endTime":78.732,"body":"to have you back on, man thanks."},{"speaker":"Anthane Richie","startTime":79.362,"endTime":82.146,"body":"And thank you also for"},{"speaker":"Anthane Richie","startTime":79.362,"endTime":82.146,"body":"switching up the times for me as well."},{"speaker":"Anthane Richie","startTime":82.146,"endTime":83.136,"body":"Thank you for being accommodating."},{"speaker":"Anthane Richie","startTime":83.851,"endTime":88.112,"body":"And I also just happened to look to when"},{"speaker":"Anthane Richie","startTime":83.851,"endTime":88.112,"body":"I was on your podcast last episode, 24,"},{"speaker":"Anthane Richie","startTime":88.112,"endTime":89.492,"body":"it was actually on my 30th birthday."},{"speaker":"Anthane Richie","startTime":89.612,"endTime":92.962,"body":"It was like it published"},{"speaker":"Anthane Richie","startTime":89.612,"endTime":92.962,"body":"out on my birthday."},{"speaker":"Anthane Richie","startTime":92.962,"endTime":94.324,"body":"Yeah, it was pretty good memory."},{"speaker":"Average Joe Finances","startTime":94.392,"endTime":94.894,"body":"Good stuff"},{"speaker":"Anthane Richie","startTime":94.894,"endTime":97.684,"body":"But you're you're"},{"speaker":"Anthane Richie","startTime":94.894,"endTime":97.684,"body":"right, man, every time we talk, I"},{"speaker":"Anthane Richie","startTime":97.684,"endTime":101.764,"body":"love how our relationship, as far as"},{"speaker":"Anthane Richie","startTime":97.684,"endTime":101.764,"body":"feeding information back and forth or."},{"speaker":"Anthane Richie","startTime":103.069,"endTime":104.369,"body":"Just to share experiences."},{"speaker":"Anthane Richie","startTime":104.393,"endTime":107.311,"body":"And I also, I even tell Amyra like,"},{"speaker":"Anthane Richie","startTime":104.393,"endTime":107.311,"body":"Hey, if there was one person I was"},{"speaker":"Anthane Richie","startTime":107.311,"endTime":109.85,"body":"going to do a syndication, it was"},{"speaker":"Anthane Richie","startTime":107.311,"endTime":109.85,"body":"some type of deal with it would"},{"speaker":"Anthane Richie","startTime":109.85,"endTime":111.613,"body":"be Mike and probably nobody else."},{"speaker":"Anthane Richie","startTime":111.744,"endTime":113.574,"body":"And you're remote, you're not even CONUS."},{"speaker":"Anthane Richie","startTime":113.66,"endTime":115.4,"body":"That just shows how much"},{"speaker":"Anthane Richie","startTime":113.66,"endTime":115.4,"body":"trust I got for you, man."},{"speaker":"Anthane Richie","startTime":115.4,"endTime":120.54,"body":"I appreciate you being such a good peer"},{"speaker":"Anthane Richie","startTime":115.4,"endTime":120.54,"body":"partner in this process, its been fun."},{"speaker":"Average Joe Finances","startTime":120.744,"endTime":123.624,"body":"I absolutely"},{"speaker":"Average Joe Finances","startTime":120.744,"endTime":123.624,"body":"same way feel the same way about just"},{"speaker":"Average Joe Finances","startTime":123.624,"endTime":125.304,"body":"playing off ideas with each other."},{"speaker":"Average Joe Finances","startTime":125.634,"endTime":128.47,"body":"And it's funny because we run"},{"speaker":"Average Joe Finances","startTime":125.634,"endTime":128.47,"body":"similar types of podcasts."},{"speaker":"Average Joe Finances","startTime":128.47,"endTime":132.01,"body":"We talk to similar types of guests"},{"speaker":"Average Joe Finances","startTime":128.47,"endTime":132.01,"body":"we've even had some of the same guests."},{"speaker":"Average Joe Finances","startTime":132.25,"endTime":134.098,"body":"So some people probably"},{"speaker":"Average Joe Finances","startTime":132.25,"endTime":134.098,"body":"listening, probably oh, these"},{"speaker":"Average Joe Finances","startTime":134.098,"endTime":136.328,"body":"guys much must be arch rivals."},{"speaker":"Average Joe Finances","startTime":136.738,"endTime":140.352,"body":"No if he's my rival then we're"},{"speaker":"Average Joe Finances","startTime":136.738,"endTime":140.352,"body":"good friends, as rivals, because I"},{"speaker":"Average Joe Finances","startTime":140.372,"endTime":142.482,"body":"absolutely love listening to his show."},{"speaker":"Average Joe Finances","startTime":142.498,"endTime":144.521,"body":"And and some of the interviews"},{"speaker":"Average Joe Finances","startTime":142.498,"endTime":144.521,"body":"that he has, I'm like, Hey, man,"},{"speaker":"Average Joe Finances","startTime":144.521,"endTime":145.721,"body":"I need to talk to that person."},{"speaker":"Average Joe Finances","startTime":145.721,"endTime":147.641,"body":"Let me get their info and back and forth."},{"speaker":"Average Joe Finances","startTime":147.694,"endTime":151.631,"body":"I don't know how many times we've traded"},{"speaker":"Average Joe Finances","startTime":147.694,"endTime":151.631,"body":"off guests and different things like that."},{"speaker":"Average Joe Finances","startTime":151.631,"endTime":152.201,"body":"And just that."},{"speaker":"Average Joe Finances","startTime":153.026,"endTime":153.376,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":153.376,"endTime":153.686,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":153.716,"endTime":154.706,"body":"It's Michael."},{"speaker":"Average Joe Finances","startTime":154.765,"endTime":157.134,"body":"It's always been good, to just"},{"speaker":"Average Joe Finances","startTime":154.765,"endTime":157.134,"body":"have a good meeting of the minds."},{"speaker":"Average Joe Finances","startTime":157.464,"endTime":160.591,"body":"And this is one of the things we talk"},{"speaker":"Average Joe Finances","startTime":157.464,"endTime":160.591,"body":"about on this show and that Anthony"},{"speaker":"Average Joe Finances","startTime":160.591,"endTime":164.731,"body":"talks about on his show as well, is"},{"speaker":"Average Joe Finances","startTime":160.591,"endTime":164.731,"body":"linking up with like-minded people."},{"speaker":"Average Joe Finances","startTime":164.736,"endTime":167.002,"body":"And I know he goes to"},{"speaker":"Average Joe Finances","startTime":164.736,"endTime":167.002,"body":"different real estate meetups."},{"speaker":"Average Joe Finances","startTime":167.032,"endTime":169.072,"body":"I go to some as well out here in Hawaii."},{"speaker":"Average Joe Finances","startTime":169.096,"endTime":172.35,"body":"It's about surrounding yourself"},{"speaker":"Average Joe Finances","startTime":169.096,"endTime":172.35,"body":"with people that are doing the same"},{"speaker":"Average Joe Finances","startTime":172.35,"endTime":174.54,"body":"thing, or even better than you."},{"speaker":"Average Joe Finances","startTime":174.566,"endTime":178.232,"body":"I like to surround myself with people that"},{"speaker":"Average Joe Finances","startTime":174.566,"endTime":178.232,"body":"are doing better than me because it just"},{"speaker":"Average Joe Finances","startTime":178.232,"endTime":182.732,"body":"motivates me and pushes me to take it to"},{"speaker":"Average Joe Finances","startTime":178.232,"endTime":182.732,"body":"the next level and talking with Anthony."},{"speaker":"Average Joe Finances","startTime":182.743,"endTime":186.985,"body":"Him and I like go back and forth"},{"speaker":"Average Joe Finances","startTime":182.743,"endTime":186.985,"body":"about whose podcast is ranking higher"},{"speaker":"Average Joe Finances","startTime":186.985,"endTime":188.425,"body":"this month or doing this and that."},{"speaker":"Average Joe Finances","startTime":188.665,"endTime":190.405,"body":"And we're always feeding"},{"speaker":"Average Joe Finances","startTime":188.665,"endTime":190.405,"body":"off of each other."},{"speaker":"Average Joe Finances","startTime":190.405,"endTime":193.793,"body":"And it's that type of energy"},{"speaker":"Average Joe Finances","startTime":190.405,"endTime":193.793,"body":"that motivates us to just"},{"speaker":"Average Joe Finances","startTime":193.793,"endTime":195.176,"body":"keep going harder and harder."},{"speaker":"Average Joe Finances","startTime":195.192,"endTime":198.192,"body":"It's definitely a pleasure to"},{"speaker":"Average Joe Finances","startTime":195.192,"endTime":198.192,"body":"continue doing that and continue"},{"speaker":"Average Joe Finances","startTime":198.192,"endTime":199.215,"body":"having these conversations."},{"speaker":"Average Joe Finances","startTime":199.228,"endTime":203.308,"body":"Anthony, I want to get right into it about"},{"speaker":"Average Joe Finances","startTime":199.228,"endTime":203.308,"body":"some of the things that you've been doing."},{"speaker":"Average Joe Finances","startTime":203.375,"endTime":207.879,"body":"But for those of our listeners that"},{"speaker":"Average Joe Finances","startTime":203.375,"endTime":207.879,"body":"haven't listened to episode 24 yet"},{"speaker":"Average Joe Finances","startTime":207.879,"endTime":209.402,"body":"definitely go back and listen to it."},{"speaker":"Average Joe Finances","startTime":209.402,"endTime":212.966,"body":"But Anthony, if you can give us like"},{"speaker":"Average Joe Finances","startTime":209.402,"endTime":212.966,"body":"a background about how you got started"},{"speaker":"Average Joe Finances","startTime":212.966,"endTime":214.376,"body":"in real estate, that would be helpful."},{"speaker":"Anthane Richie","startTime":214.376,"endTime":215.949,"body":"Started about"},{"speaker":"Anthane Richie","startTime":214.376,"endTime":215.949,"body":"five years ago, I was wanting to"},{"speaker":"Anthane Richie","startTime":215.949,"endTime":218.679,"body":"educate myself on passive income."},{"speaker":"Anthane Richie","startTime":218.709,"endTime":223.959,"body":"I felt like I made too much money in the"},{"speaker":"Anthane Richie","startTime":218.709,"endTime":223.959,"body":"Navy to live paycheck, to paycheck, and I"},{"speaker":"Anthane Richie","startTime":223.959,"endTime":225.399,"body":"didn't want to live just to pay the bills."},{"speaker":"Anthane Richie","startTime":226.329,"endTime":227.529,"body":"So I started researching and things."},{"speaker":"Anthane Richie","startTime":228.729,"endTime":230.636,"body":"Got my financial literacy up."},{"speaker":"Anthane Richie","startTime":230.726,"endTime":233.082,"body":"And I real estate landed on real estate."},{"speaker":"Anthane Richie","startTime":233.101,"endTime":235.483,"body":"Fast forward, several"},{"speaker":"Anthane Richie","startTime":233.101,"endTime":235.483,"body":"years of doing research."},{"speaker":"Anthane Richie","startTime":235.693,"endTime":237.103,"body":"I decided to use my VA loan."},{"speaker":"Anthane Richie","startTime":237.673,"endTime":240.523,"body":"I don't remember off the top of my head"},{"speaker":"Anthane Richie","startTime":237.673,"endTime":240.523,"body":"who schooled me on it, but it was like,"},{"speaker":"Anthane Richie","startTime":240.553,"endTime":242.833,"body":"Hey, you could a house hack your VA loan."},{"speaker":"Anthane Richie","startTime":242.833,"endTime":246.143,"body":"So I've got the triplex renting out,"},{"speaker":"Anthane Richie","startTime":242.833,"endTime":246.143,"body":"the three bedroom and a two bedroom."},{"speaker":"Anthane Richie","startTime":247.073,"endTime":249.953,"body":"Lived in a studio and I ended"},{"speaker":"Anthane Richie","startTime":247.073,"endTime":249.953,"body":"up going on a deployment."},{"speaker":"Anthane Richie","startTime":249.953,"endTime":251.453,"body":"So I just rented it out anyways."},{"speaker":"Anthane Richie","startTime":251.524,"endTime":255.041,"body":"Turned around me and Amyra, bought"},{"speaker":"Anthane Richie","startTime":251.524,"endTime":255.041,"body":"a duplex a couple months after that."},{"speaker":"Anthane Richie","startTime":255.041,"endTime":256.151,"body":"So we had our five units."},{"speaker":"Anthane Richie","startTime":256.211,"endTime":260.828,"body":"And so we just cashflowed those for"},{"speaker":"Anthane Richie","startTime":256.211,"endTime":260.828,"body":"a while, a really good experience."},{"speaker":"Anthane Richie","startTime":260.878,"endTime":264.358,"body":"And when I say good experience,"},{"speaker":"Anthane Richie","startTime":260.878,"endTime":264.358,"body":"even from bad situations, we learned"},{"speaker":"Anthane Richie","startTime":264.358,"endTime":270.028,"body":"a lot on what we, the style of"},{"speaker":"Anthane Richie","startTime":264.358,"endTime":270.028,"body":"investing we want to do in the future."},{"speaker":"Anthane Richie","startTime":270.061,"endTime":274.531,"body":"And that has carried us into now"},{"speaker":"Anthane Richie","startTime":270.061,"endTime":274.531,"body":"transitioning to be a more passive."},{"speaker":"Anthane Richie","startTime":274.891,"endTime":278.821,"body":"So we've sold the duplex and we're"},{"speaker":"Anthane Richie","startTime":274.891,"endTime":278.821,"body":"actually in the process right now."},{"speaker":"Anthane Richie","startTime":278.851,"endTime":281.655,"body":"I just had about three"},{"speaker":"Anthane Richie","startTime":278.851,"endTime":281.655,"body":"showings for the triplex."},{"speaker":"Anthane Richie","startTime":281.737,"endTime":286.087,"body":"So that, that collectively"},{"speaker":"Anthane Richie","startTime":281.737,"endTime":286.087,"body":"we've amassed about 200 grand in"},{"speaker":"Anthane Richie","startTime":286.087,"endTime":287.377,"body":"the last two and a half years."},{"speaker":"Anthane Richie","startTime":287.827,"endTime":289.539,"body":"And I'm really happy that experience."},{"speaker":"Anthane Richie","startTime":290.439,"endTime":291.819,"body":"She's been very patient with me, man."},{"speaker":"Anthane Richie","startTime":292.569,"endTime":295.893,"body":"Amyra has been very patient because"},{"speaker":"Anthane Richie","startTime":292.569,"endTime":295.893,"body":"there's been times where she's just like"},{"speaker":"Anthane Richie","startTime":295.893,"endTime":300.063,"body":"Anthane, if one more thing goes with"},{"speaker":"Anthane Richie","startTime":295.893,"endTime":300.063,"body":"this bad, with this property, it's over."},{"speaker":"Anthane Richie","startTime":300.1,"endTime":302.606,"body":"So I've I, especially during"},{"speaker":"Anthane Richie","startTime":300.1,"endTime":302.606,"body":"the pandemic, it allowed me to"},{"speaker":"Average Joe Finances","startTime":302.876,"endTime":305.816,"body":"it's over as"},{"speaker":"Average Joe Finances","startTime":302.876,"endTime":305.816,"body":"in the investing part right now."},{"speaker":"Average Joe Finances","startTime":308.526,"endTime":310.897,"body":"I want wanna, I want to"},{"speaker":"Average Joe Finances","startTime":308.526,"endTime":310.897,"body":"make sure we we know that."},{"speaker":"Anthane Richie","startTime":313.417,"endTime":316.951,"body":"I and I'm actually"},{"speaker":"Anthane Richie","startTime":313.417,"endTime":316.951,"body":"stealing this from Michael and Suzy."},{"speaker":"Anthane Richie","startTime":316.951,"endTime":321.018,"body":"And you interviewed them when your episode"},{"speaker":"Anthane Richie","startTime":316.951,"endTime":321.018,"body":"50 too, we pivoted instead look at you"},{"speaker":"Anthane Richie","startTime":321.018,"endTime":322.68,"body":"man, you know my episodes better than me."},{"speaker":"Anthane Richie","startTime":323.34,"endTime":323.88,"body":"Oh yeah."},{"speaker":"Anthane Richie","startTime":323.926,"endTime":327.058,"body":"That's actually where I stole"},{"speaker":"Anthane Richie","startTime":323.926,"endTime":327.058,"body":"some of my questions to ask them."},{"speaker":"Anthane Richie","startTime":327.448,"endTime":327.808,"body":"Nice."},{"speaker":"Anthane Richie","startTime":328.948,"endTime":329.278,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":329.36,"endTime":333.58,"body":"So yeah, so pivot and not panic during"},{"speaker":"Anthane Richie","startTime":329.36,"endTime":333.58,"body":"the pandemic and that's what we decided"},{"speaker":"Anthane Richie","startTime":333.58,"endTime":336.705,"body":"to do in order to still come out on top."},{"speaker":"Anthane Richie","startTime":336.705,"endTime":339.645,"body":"And we did, and I heard a lot of"},{"speaker":"Anthane Richie","startTime":336.705,"endTime":339.645,"body":"stories, whether it was people I was"},{"speaker":"Anthane Richie","startTime":339.645,"endTime":343.862,"body":"interviewing or people, I was just,"},{"speaker":"Anthane Richie","startTime":339.645,"endTime":343.862,"body":"seeing it forms by having a foreclose"},{"speaker":"Anthane Richie","startTime":344.162,"endTime":347.282,"body":"at a head to put themselves on a payment"},{"speaker":"Anthane Richie","startTime":344.162,"endTime":347.282,"body":"plan with the mortgage companies."},{"speaker":"Anthane Richie","startTime":347.552,"endTime":348.962,"body":"And we didn't have to do any of that."},{"speaker":"Anthane Richie","startTime":349.022,"endTime":351.452,"body":"And my biggest goal was, Hey,"},{"speaker":"Anthane Richie","startTime":349.022,"endTime":351.452,"body":"I don't want to pay any of"},{"speaker":"Anthane Richie","startTime":351.452,"endTime":352.472,"body":"these mortgages out of pocket."},{"speaker":"Anthane Richie","startTime":352.472,"endTime":353.342,"body":"And he didn't do that."},{"speaker":"Anthane Richie","startTime":353.522,"endTime":357.122,"body":"And so now two and a half years"},{"speaker":"Anthane Richie","startTime":353.522,"endTime":357.122,"body":"later, I would say our planning"},{"speaker":"Anthane Richie","startTime":357.122,"endTime":360.656,"body":"got accelerated by maybe three"},{"speaker":"Anthane Richie","startTime":357.122,"endTime":360.656,"body":"years because of the inflation."},{"speaker":"Anthane Richie","startTime":360.656,"endTime":364.734,"body":"From COVID and all that I think our"},{"speaker":"Anthane Richie","startTime":360.656,"endTime":364.734,"body":"properties probably went up probably"},{"speaker":"Anthane Richie","startTime":364.734,"endTime":366.544,"body":"about 30% more than I thought they would."},{"speaker":"Anthane Richie","startTime":366.56,"endTime":370.37,"body":"So it has allowed us to sell them and"},{"speaker":"Anthane Richie","startTime":366.56,"endTime":370.37,"body":"announced transition over to where"},{"speaker":"Anthane Richie","startTime":370.37,"endTime":373.633,"body":"we've talked a lot about offline"},{"speaker":"Anthane Richie","startTime":370.37,"endTime":373.633,"body":"with syndicating private lending."},{"speaker":"Anthane Richie","startTime":373.663,"endTime":377.993,"body":"And then now also BRRRRNB so"},{"speaker":"Anthane Richie","startTime":373.663,"endTime":377.993,"body":"something where we, I would"},{"speaker":"Anthane Richie","startTime":377.993,"endTime":379.493,"body":"say collectively, I had put."},{"speaker":"Anthane Richie","startTime":380.348,"endTime":382.958,"body":"Maybe 60 grand into those two properties."},{"speaker":"Anthane Richie","startTime":383.438,"endTime":386.318,"body":"And we churned out 200 grand."},{"speaker":"Anthane Richie","startTime":386.828,"endTime":389.673,"body":"And I would say, whatever that percentage"},{"speaker":"Anthane Richie","startTime":386.828,"endTime":389.673,"body":"is on the return on investment, I"},{"speaker":"Anthane Richie","startTime":389.673,"endTime":392.673,"body":"don't know at the top of my head,"},{"speaker":"Anthane Richie","startTime":389.673,"endTime":392.673,"body":"but that is, I like those numbers."},{"speaker":"Anthane Richie","startTime":392.763,"endTime":395.253,"body":"I think anybody that if they got"},{"speaker":"Anthane Richie","startTime":392.763,"endTime":395.253,"body":"those numbers or guaranteed those"},{"speaker":"Anthane Richie","startTime":395.253,"endTime":398.403,"body":"numbers in the stock market, they"},{"speaker":"Anthane Richie","startTime":395.253,"endTime":398.403,"body":"would like those numbers and ed"},{"speaker":"Anthane Richie","startTime":398.403,"endTime":400.313,"body":"has allowed us now to do more."},{"speaker":"Anthane Richie","startTime":401.433,"endTime":402.213,"body":"More passive."},{"speaker":"Average Joe Finances","startTime":402.483,"endTime":402.733,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":402.773,"endTime":405.053,"body":"It's a little more, it's"},{"speaker":"Average Joe Finances","startTime":402.773,"endTime":405.053,"body":"a little more than 150%."},{"speaker":"Average Joe Finances","startTime":405.081,"endTime":406.641,"body":"You three extra money right there."},{"speaker":"Average Joe Finances","startTime":406.971,"endTime":407.271,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":407.271,"endTime":408.321,"body":"It's about"},{"speaker":"Anthane Richie","startTime":407.271,"endTime":408.321,"body":"two and a half years."},{"speaker":"Anthane Richie","startTime":408.431,"endTime":408.731,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":410.141,"endTime":411.861,"body":"So yeah, we were definitely"},{"speaker":"Anthane Richie","startTime":410.141,"endTime":411.861,"body":"blessed about that."},{"speaker":"Anthane Richie","startTime":411.861,"endTime":415.629,"body":"And it has been a lot of due diligence,"},{"speaker":"Anthane Richie","startTime":411.861,"endTime":415.629,"body":"which I would say people, I think we"},{"speaker":"Anthane Richie","startTime":415.839,"endTime":419.919,"body":"glamorize now we as me, you, but I think a"},{"speaker":"Anthane Richie","startTime":415.839,"endTime":419.919,"body":"lot of people glamorize it commercialized"},{"speaker":"Anthane Richie","startTime":419.919,"endTime":421.719,"body":"real estate as an it's easy."},{"speaker":"Anthane Richie","startTime":421.769,"endTime":422.905,"body":"Maybe it's easy to understand."},{"speaker":"Anthane Richie","startTime":423.545,"endTime":427.115,"body":"But it is not easy to follow through and"},{"speaker":"Anthane Richie","startTime":423.545,"endTime":427.115,"body":"make sure it gets done the right way."},{"speaker":"Anthane Richie","startTime":427.235,"endTime":428.855,"body":"So you can get a good"},{"speaker":"Anthane Richie","startTime":427.235,"endTime":428.855,"body":"return on your investment."},{"speaker":"Anthane Richie","startTime":428.855,"endTime":431.135,"body":"So yeah, you may be putting a"},{"speaker":"Anthane Richie","startTime":428.855,"endTime":431.135,"body":"little bit more work in than you"},{"speaker":"Anthane Richie","startTime":431.135,"endTime":435.065,"body":"did just throwing your money into"},{"speaker":"Anthane Richie","startTime":431.135,"endTime":435.065,"body":"the stock market when your TSP 401k."},{"speaker":"Anthane Richie","startTime":435.305,"endTime":439.785,"body":"But I think you can definitely get your"},{"speaker":"Anthane Richie","startTime":435.305,"endTime":439.785,"body":"returns tenfold if you do it right."},{"speaker":"Average Joe Finances","startTime":439.799,"endTime":442.359,"body":"I'm really"},{"speaker":"Average Joe Finances","startTime":439.799,"endTime":442.359,"body":"glad you pointed that out about how"},{"speaker":"Average Joe Finances","startTime":442.959,"endTime":446.286,"body":"investing in real estate, how it's"},{"speaker":"Average Joe Finances","startTime":442.959,"endTime":446.286,"body":"glamorized right now, because I"},{"speaker":"Average Joe Finances","startTime":446.286,"endTime":447.516,"body":"think you're a hundred percent right."},{"speaker":"Average Joe Finances","startTime":447.566,"endTime":451.191,"body":"You have different shows"},{"speaker":"Average Joe Finances","startTime":447.566,"endTime":451.191,"body":"like our shows, right?"},{"speaker":"Average Joe Finances","startTime":451.242,"endTime":456.028,"body":"Our podcasts bigger pockets, and"},{"speaker":"Average Joe Finances","startTime":451.242,"endTime":456.028,"body":"other like bigger real estate shows"},{"speaker":"Average Joe Finances","startTime":456.268,"endTime":461.697,"body":"that really push this narrative about"},{"speaker":"Average Joe Finances","startTime":456.268,"endTime":461.697,"body":"how real estate is like the bread"},{"speaker":"Average Joe Finances","startTime":461.697,"endTime":463.737,"body":"and butter to building your wealth."},{"speaker":"Average Joe Finances","startTime":463.737,"endTime":465.447,"body":"And it certainly is."},{"speaker":"Average Joe Finances","startTime":465.458,"endTime":467.94,"body":"And you hear some of these people"},{"speaker":"Average Joe Finances","startTime":465.458,"endTime":467.94,"body":"talk about it and you say, man,"},{"speaker":"Average Joe Finances","startTime":467.94,"endTime":469.17,"body":"they make this sound so easy."},{"speaker":"Average Joe Finances","startTime":470.19,"endTime":474.36,"body":"And then if you really listen to the"},{"speaker":"Average Joe Finances","startTime":470.19,"endTime":474.36,"body":"episode and you're not just listening"},{"speaker":"Average Joe Finances","startTime":474.36,"endTime":477.87,"body":"to the surface of it, and you listen"},{"speaker":"Average Joe Finances","startTime":474.36,"endTime":477.87,"body":"to some of the descriptions that these"},{"speaker":"Average Joe Finances","startTime":477.87,"endTime":480.75,"body":"guests are talking about and guests"},{"speaker":"Average Joe Finances","startTime":477.87,"endTime":480.75,"body":"on my show, guests on your show that"},{"speaker":"Average Joe Finances","startTime":480.806,"endTime":485.562,"body":"we've had on, they talk about the work"},{"speaker":"Average Joe Finances","startTime":480.806,"endTime":485.562,"body":"that went in, it wasn't just, it's easy"},{"speaker":"Average Joe Finances","startTime":485.562,"endTime":488.352,"body":"when you look at the numbers, when you"},{"speaker":"Average Joe Finances","startTime":485.562,"endTime":488.352,"body":"look at, okay, Hey, I did this and this"},{"speaker":"Average Joe Finances","startTime":488.352,"endTime":489.942,"body":"worked and I did this and it didn't work."},{"speaker":"Average Joe Finances","startTime":490.517,"endTime":494.357,"body":"But when you're in the moment, actually"},{"speaker":"Average Joe Finances","startTime":490.517,"endTime":494.357,"body":"doing those things, when you're dealing"},{"speaker":"Average Joe Finances","startTime":494.357,"endTime":498.617,"body":"with those contractors, when you're"},{"speaker":"Average Joe Finances","startTime":494.357,"endTime":498.617,"body":"getting a quote for this price and then"},{"speaker":"Average Joe Finances","startTime":498.617,"endTime":501.917,"body":"the contractor comes in and does the"},{"speaker":"Average Joe Finances","startTime":498.617,"endTime":501.917,"body":"work and says, yeah, it's actually about"},{"speaker":"Average Joe Finances","startTime":501.917,"endTime":506.387,"body":"2000 more than what I quoted you because"},{"speaker":"Average Joe Finances","startTime":501.917,"endTime":506.387,"body":"I had to do ABC and D after the fact,"},{"speaker":"Average Joe Finances","startTime":506.482,"endTime":508.192,"body":"things like that happen and come up."},{"speaker":"Average Joe Finances","startTime":508.462,"endTime":510.292,"body":"And that's not the stuff that you see."},{"speaker":"Average Joe Finances","startTime":510.322,"endTime":513.161,"body":"I, as matter of fact, I had a guy on"},{"speaker":"Average Joe Finances","startTime":510.322,"endTime":513.161,"body":"my show, not too long ago, that was"},{"speaker":"Average Joe Finances","startTime":513.161,"endTime":514.582,"body":"like the preface of our interview."},{"speaker":"Average Joe Finances","startTime":514.582,"endTime":515.572,"body":"I think it was episode 24."},{"speaker":"Average Joe Finances","startTime":516.252,"endTime":518.082,"body":"No 24 0 episode 25."},{"speaker":"Average Joe Finances","startTime":518.082,"endTime":519.372,"body":"I think it was, oh, no, 22."},{"speaker":"Average Joe Finances","startTime":519.582,"endTime":520.182,"body":"It was somewhere around."},{"speaker":"Average Joe Finances","startTime":521.192,"endTime":524.942,"body":"But we talked about the"},{"speaker":"Average Joe Finances","startTime":521.192,"endTime":524.942,"body":"unsexy side of real estate."},{"speaker":"Average Joe Finances","startTime":524.972,"endTime":525.632,"body":"22, right?"},{"speaker":"Average Joe Finances","startTime":525.902,"endTime":526.082,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":526.082,"endTime":526.352,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":526.352,"endTime":526.742,"body":"22."},{"speaker":"Average Joe Finances","startTime":526.742,"endTime":527.072,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":527.072,"endTime":528.422,"body":"See, man, you're on it."},{"speaker":"Average Joe Finances","startTime":530.282,"endTime":532.052,"body":"I'll just say, I think you've"},{"speaker":"Average Joe Finances","startTime":530.282,"endTime":532.052,"body":"got your phone up or something."},{"speaker":"Average Joe Finances","startTime":532.116,"endTime":535.218,"body":"You're you're just doing it out but Hey,"},{"speaker":"Average Joe Finances","startTime":532.116,"endTime":535.218,"body":"if you ain't cheating, you ain't trying."},{"speaker":"Average Joe Finances","startTime":535.28,"endTime":536.46,"body":"That's you gotta do what you gotta do."},{"speaker":"Average Joe Finances","startTime":536.489,"endTime":540.125,"body":"And we talked about like the different"},{"speaker":"Average Joe Finances","startTime":536.489,"endTime":540.125,"body":"sides of it that you don't really"},{"speaker":"Average Joe Finances","startTime":540.125,"endTime":541.505,"body":"hear about on some of these shows."},{"speaker":"Average Joe Finances","startTime":541.505,"endTime":543.405,"body":"I guess some people will"},{"speaker":"Average Joe Finances","startTime":541.505,"endTime":543.405,"body":"touch on it a little bit."},{"speaker":"Average Joe Finances","startTime":543.405,"endTime":546.923,"body":"You don't really to talk about"},{"speaker":"Average Joe Finances","startTime":543.405,"endTime":546.923,"body":"it's one thing to experience."},{"speaker":"Average Joe Finances","startTime":546.923,"endTime":550.733,"body":"It's another, so when you talk about"},{"speaker":"Average Joe Finances","startTime":546.923,"endTime":550.733,"body":"the glamorization of it, I can say,"},{"speaker":"Average Joe Finances","startTime":550.733,"endTime":552.663,"body":"I really appreciate that because."},{"speaker":"Average Joe Finances","startTime":552.735,"endTime":556.751,"body":"It is something that, you'll go listen to"},{"speaker":"Average Joe Finances","startTime":552.735,"endTime":556.751,"body":"a podcast episode, get super motivated and"},{"speaker":"Average Joe Finances","startTime":556.751,"endTime":558.551,"body":"say, oh man, yeah, I'm going to do that."},{"speaker":"Average Joe Finances","startTime":558.551,"endTime":559.301,"body":"I'm going to crush it."},{"speaker":"Average Joe Finances","startTime":559.301,"endTime":561.971,"body":"I'm going to go be a general"},{"speaker":"Average Joe Finances","startTime":559.301,"endTime":561.971,"body":"partner and get all these"},{"speaker":"Average Joe Finances","startTime":561.971,"endTime":563.231,"body":"investors and do a syndication."},{"speaker":"Average Joe Finances","startTime":563.231,"endTime":563.951,"body":"And then you go to do it."},{"speaker":"Average Joe Finances","startTime":563.951,"endTime":565.481,"body":"And you're like, holy crap."},{"speaker":"Average Joe Finances","startTime":565.511,"endTime":569.143,"body":"I got to open up a, an LLC and I got"},{"speaker":"Average Joe Finances","startTime":565.511,"endTime":569.143,"body":"a do all this stuff through the sec"},{"speaker":"Average Joe Finances","startTime":569.143,"endTime":572.923,"body":"and make sure that I'm legally okay to"},{"speaker":"Average Joe Finances","startTime":569.143,"endTime":572.923,"body":"take on investors and this and that."},{"speaker":"Average Joe Finances","startTime":572.923,"endTime":576.193,"body":"It's a lot of work and it's a lot of"},{"speaker":"Average Joe Finances","startTime":572.923,"endTime":576.193,"body":"money that you have to put into it."},{"speaker":"Average Joe Finances","startTime":576.433,"endTime":578.863,"body":"And a lot of people don't"},{"speaker":"Average Joe Finances","startTime":576.433,"endTime":578.863,"body":"realize those upfront costs and"},{"speaker":"Average Joe Finances","startTime":578.863,"endTime":580.813,"body":"time that you have to put in."},{"speaker":"Average Joe Finances","startTime":581.143,"endTime":584.313,"body":"And you pointed this out when you"},{"speaker":"Average Joe Finances","startTime":581.143,"endTime":584.313,"body":"talked about starting your journey."},{"speaker":"Average Joe Finances","startTime":584.873,"endTime":589.663,"body":"How you educated yourself, you took"},{"speaker":"Average Joe Finances","startTime":584.873,"endTime":589.663,"body":"a lot of time to really understand"},{"speaker":"Average Joe Finances","startTime":589.663,"endTime":592.663,"body":"what you're doing before you bought"},{"speaker":"Average Joe Finances","startTime":589.663,"endTime":592.663,"body":"that first house hack that you did."},{"speaker":"Average Joe Finances","startTime":592.663,"endTime":595.663,"body":"So I just want to say, I"},{"speaker":"Average Joe Finances","startTime":592.663,"endTime":595.663,"body":"appreciate that perspective."},{"speaker":"Average Joe Finances","startTime":595.663,"endTime":596.563,"body":"It's super important."},{"speaker":"Average Joe Finances","startTime":596.983,"endTime":600.223,"body":"I don't want to ramble too much because"},{"speaker":"Average Joe Finances","startTime":596.983,"endTime":600.223,"body":"there's something that you mentioned"},{"speaker":"Average Joe Finances","startTime":600.703,"endTime":604.213,"body":"and it's something I definitely"},{"speaker":"Average Joe Finances","startTime":600.703,"endTime":604.213,"body":"want to talk about on this show is"},{"speaker":"Average Joe Finances","startTime":604.483,"endTime":606.743,"body":"you said something called BRRRRNB."},{"speaker":"Average Joe Finances","startTime":607.003,"endTime":609.403,"body":"I heard you talk about"},{"speaker":"Average Joe Finances","startTime":607.003,"endTime":609.403,"body":"this on the ADPI podcast."},{"speaker":"Average Joe Finances","startTime":609.403,"endTime":611.173,"body":"And that was a really"},{"speaker":"Average Joe Finances","startTime":609.403,"endTime":611.173,"body":"fun episode to listen to."},{"speaker":"Average Joe Finances","startTime":611.459,"endTime":612.582,"body":"Dude, let's talk about this."},{"speaker":"Average Joe Finances","startTime":612.582,"endTime":615.702,"body":"What the heck is a BRRRRNB tell us,"},{"speaker":"Anthane Richie","startTime":616.302,"endTime":620.172,"body":"so everybody knows"},{"speaker":"Anthane Richie","startTime":616.302,"endTime":620.172,"body":"what BRRRR is, a BRRRR buy rehab,"},{"speaker":"Anthane Richie","startTime":620.442,"endTime":622.182,"body":"rent, refinance, and repeat."},{"speaker":"Anthane Richie","startTime":622.243,"endTime":628.398,"body":"And so what I heard about, a year"},{"speaker":"Anthane Richie","startTime":622.243,"endTime":628.398,"body":"ago, I believe on the podcast as"},{"speaker":"Anthane Richie","startTime":628.428,"endTime":631.368,"body":"is one of the, it was a female"},{"speaker":"Anthane Richie","startTime":628.428,"endTime":631.368,"body":"talking about that concept."},{"speaker":"Anthane Richie","startTime":631.488,"endTime":635.028,"body":"And I was just like, I wonder how that"},{"speaker":"Anthane Richie","startTime":631.488,"endTime":635.028,"body":"would work because she was doing it"},{"speaker":"Anthane Richie","startTime":635.178,"endTime":637.708,"body":"where she was putting up her own money"},{"speaker":"Anthane Richie","startTime":635.178,"endTime":637.708,"body":"and he'd get a hard money lender."},{"speaker":"Anthane Richie","startTime":638.188,"endTime":641.638,"body":"And then refinancing and then going"},{"speaker":"Anthane Richie","startTime":638.188,"endTime":641.638,"body":"ahead and putting somebody in there."},{"speaker":"Anthane Richie","startTime":641.638,"endTime":645.008,"body":"But I was like, I wonder if there's like"},{"speaker":"Anthane Richie","startTime":641.638,"endTime":645.008,"body":"a low barrier of entry way to do it."},{"speaker":"Anthane Richie","startTime":645.023,"endTime":649.161,"body":"And there is there's a 15% down"},{"speaker":"Anthane Richie","startTime":645.023,"endTime":649.161,"body":"conventional loan renovation,"},{"speaker":"Anthane Richie","startTime":649.161,"endTime":650.361,"body":"conventional loan way to do it."},{"speaker":"Anthane Richie","startTime":650.396,"endTime":655.057,"body":"So let's just say it's a hundred"},{"speaker":"Anthane Richie","startTime":650.396,"endTime":655.057,"body":"grand, I buy it for 60 repair for 40."},{"speaker":"Anthane Richie","startTime":655.937,"endTime":660.517,"body":"It's the being a hundred grand I'm only"},{"speaker":"Anthane Richie","startTime":655.937,"endTime":660.517,"body":"putting 15,000 down while plus closing"},{"speaker":"Anthane Richie","startTime":660.517,"endTime":665.437,"body":"costs is another seven was saying to the"},{"speaker":"Anthane Richie","startTime":660.517,"endTime":665.437,"body":"sentence on point 23 grand down, which"},{"speaker":"Anthane Richie","startTime":665.467,"endTime":670.455,"body":"is awesome in comparison to cause you"},{"speaker":"Anthane Richie","startTime":665.467,"endTime":670.455,"body":"have a house that's not buy as is right."},{"speaker":"Anthane Richie","startTime":670.515,"endTime":671.115,"body":"There's no repairs."},{"speaker":"Anthane Richie","startTime":671.115,"endTime":674.101,"body":"You have to worry about down the road"},{"speaker":"Anthane Richie","startTime":671.115,"endTime":674.101,"body":"a very quickly everything's done roof"},{"speaker":"Anthane Richie","startTime":674.132,"endTime":675.822,"body":"water, heaters, carpet, all of that stuff."},{"speaker":"Anthane Richie","startTime":675.822,"endTime":679.618,"body":"And it allows you to have a,"},{"speaker":"Anthane Richie","startTime":675.822,"endTime":679.618,"body":"I would say a more flexible."},{"speaker":"Anthane Richie","startTime":680.728,"endTime":683.552,"body":"Because, you're only"},{"speaker":"Anthane Richie","startTime":680.728,"endTime":683.552,"body":"paying 15% on every dollar."},{"speaker":"Anthane Richie","startTime":683.727,"endTime":685.643,"body":"So that's how I looked at it as, okay."},{"speaker":"Anthane Richie","startTime":685.643,"endTime":686.706,"body":"I could be a little bit more lenient."},{"speaker":"Anthane Richie","startTime":686.706,"endTime":690.731,"body":"I'm gonna get L LVP instead of just a"},{"speaker":"Anthane Richie","startTime":686.706,"endTime":690.731,"body":"regular laminate, get some of the nice"},{"speaker":"Anthane Richie","startTime":690.751,"endTime":692.846,"body":"led lights inside the wall instead"},{"speaker":"Average Joe Finances","startTime":693.446,"endTime":695.968,"body":"Stepping up, those"},{"speaker":"Average Joe Finances","startTime":693.446,"endTime":695.968,"body":"renovations instead of just the basics."},{"speaker":"Anthane Richie","startTime":695.968,"endTime":696.508,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":696.688,"endTime":697.048,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":697.078,"endTime":698.608,"body":"And so that's how I looked"},{"speaker":"Anthane Richie","startTime":697.078,"endTime":698.608,"body":"at it, like, all right."},{"speaker":"Anthane Richie","startTime":698.608,"endTime":702.02,"body":"15 cents to the dollar, then I think"},{"speaker":"Anthane Richie","startTime":698.608,"endTime":702.02,"body":"we can go a long way with this."},{"speaker":"Anthane Richie","startTime":702.248,"endTime":704.8,"body":"And like I was telling you earlier,"},{"speaker":"Anthane Richie","startTime":702.248,"endTime":704.8,"body":"I was trying to transition away from"},{"speaker":"Anthane Richie","startTime":704.811,"endTime":708.792,"body":"for the time being direct landlording"},{"speaker":"Anthane Richie","startTime":704.811,"endTime":708.792,"body":"on long-term rentals and switching"},{"speaker":"Anthane Richie","startTime":708.792,"endTime":710.322,"body":"over to something passive, but."},{"speaker":"Anthane Richie","startTime":710.422,"endTime":713.15,"body":"That's a contradiction when it"},{"speaker":"Anthane Richie","startTime":710.422,"endTime":713.15,"body":"comes to short term rentals, right?"},{"speaker":"Anthane Richie","startTime":713.15,"endTime":717.453,"body":"Because I'm every day, let's just say,"},{"speaker":"Anthane Richie","startTime":713.15,"endTime":717.453,"body":"or we'll say 60% of the month, I am"},{"speaker":"Anthane Richie","startTime":717.903,"endTime":723.273,"body":"having somebody occupy the rental, but"},{"speaker":"Anthane Richie","startTime":717.903,"endTime":723.273,"body":"you can't deny the cashflow on these"},{"speaker":"Anthane Richie","startTime":723.563,"endTime":726.193,"body":"BRRRRNBs or just these Airbnbs period."},{"speaker":"Anthane Richie","startTime":726.193,"endTime":730.706,"body":"We're talking about my mortgage being"},{"speaker":"Anthane Richie","startTime":726.193,"endTime":730.706,"body":"900, but I'm bringing in $3,000 a month"},{"speaker":"Anthane Richie","startTime":730.766,"endTime":732.416,"body":"and this is from a single family home."},{"speaker":"Anthane Richie","startTime":732.986,"endTime":734.126,"body":"And so this is why a lot of people."},{"speaker":"Anthane Richie","startTime":734.619,"endTime":737.95,"body":"Even hearing properly short-term rental,"},{"speaker":"Anthane Richie","startTime":734.619,"endTime":737.95,"body":"it's come up a little bit, even I even"},{"speaker":"Anthane Richie","startTime":737.95,"endTime":742.21,"body":"see bigger pockets has their own videos"},{"speaker":"Anthane Richie","startTime":737.95,"endTime":742.21,"body":"on it now because they've become a"},{"speaker":"Anthane Richie","startTime":742.21,"endTime":745.72,"body":"very popular, a lot of people doing"},{"speaker":"Anthane Richie","startTime":742.21,"endTime":745.72,"body":"arbitrage, which is where they, they rent"},{"speaker":"Anthane Richie","startTime":745.81,"endTime":747.79,"body":"out apartment in an apartment complex."},{"speaker":"Average Joe Finances","startTime":748.132,"endTime":749.632,"body":"I've heard of that a lot."},{"speaker":"Average Joe Finances","startTime":749.644,"endTime":752.525,"body":"The rental arbitrage thing, you're talking"},{"speaker":"Average Joe Finances","startTime":749.644,"endTime":752.525,"body":"about your mortgage on this property that"},{"speaker":"Average Joe Finances","startTime":752.525,"endTime":756.836,"body":"you bought is, going to be 900 bucks a"},{"speaker":"Average Joe Finances","startTime":752.525,"endTime":756.836,"body":"month and it's bringing in 3000 a month."},{"speaker":"Anthane Richie","startTime":757.016,"endTime":760.286,"body":"So yeah, it will"},{"speaker":"Anthane Richie","startTime":757.016,"endTime":760.286,"body":"bring in, so it's $170 a day."},{"speaker":"Anthane Richie","startTime":760.676,"endTime":765.397,"body":"Cause I had this I dunno if I'd probably"},{"speaker":"Anthane Richie","startTime":760.676,"endTime":765.397,"body":"said on the podcast, ADPI AirDNA."},{"speaker":"Anthane Richie","startTime":765.657,"endTime":769.467,"body":"That coast will tell me, based off the"},{"speaker":"Anthane Richie","startTime":765.657,"endTime":769.467,"body":"amenities and based off my house and"},{"speaker":"Anthane Richie","startTime":769.467,"endTime":774.017,"body":"in an area how much I could charge a"},{"speaker":"Anthane Richie","startTime":769.467,"endTime":774.017,"body":"day at based off of that time of year."},{"speaker":"Anthane Richie","startTime":774.437,"endTime":779.843,"body":"And so my average throughout the"},{"speaker":"Anthane Richie","startTime":774.437,"endTime":779.843,"body":"year will be $172 a day off of I have"},{"speaker":"Anthane Richie","startTime":779.843,"endTime":782.813,"body":"an 80% occupancy rate in my area."},{"speaker":"Anthane Richie","startTime":782.843,"endTime":784.613,"body":"Now I say 60 to be modest."},{"speaker":"Anthane Richie","startTime":784.673,"endTime":789.683,"body":"Let's say another COVID situation"},{"speaker":"Anthane Richie","startTime":784.673,"endTime":789.683,"body":"happens, but off of an 80% occupancy"},{"speaker":"Anthane Richie","startTime":789.683,"endTime":795.768,"body":"rate, I will cash and not even"},{"speaker":"Anthane Richie","startTime":789.683,"endTime":795.768,"body":"revenue, but cashflow about 45 grand."},{"speaker":"Anthane Richie","startTime":795.828,"endTime":802.727,"body":"And so whatever, but yes,"},{"speaker":"Anthane Richie","startTime":795.828,"endTime":802.727,"body":"after so 45 divided by 12."},{"speaker":"Anthane Richie","startTime":802.907,"endTime":804.947,"body":"So 3700 3700."},{"speaker":"Anthane Richie","startTime":807.077,"endTime":807.887,"body":"That's projected."},{"speaker":"Anthane Richie","startTime":807.887,"endTime":810.887,"body":"So I like to also be modest and"},{"speaker":"Anthane Richie","startTime":807.887,"endTime":810.887,"body":"I have to fight myself to be very"},{"speaker":"Anthane Richie","startTime":810.887,"endTime":812.057,"body":"conservative with my numbers."},{"speaker":"Anthane Richie","startTime":812.057,"endTime":812.237,"body":"So"},{"speaker":"Average Joe Finances","startTime":812.837,"endTime":815.747,"body":"what's that"},{"speaker":"Average Joe Finances","startTime":812.837,"endTime":815.747,"body":"going off the 60% occupancy that you"},{"speaker":"Average Joe Finances","startTime":815.747,"endTime":817.757,"body":"were talking about or is that 80%"},{"speaker":"Anthane Richie","startTime":818.087,"endTime":819.037,"body":"that's off the 80."},{"speaker":"Anthane Richie","startTime":819.057,"endTime":823.097,"body":"So it was 66 is what"},{"speaker":"Anthane Richie","startTime":819.057,"endTime":823.097,"body":"my modest numbers were."},{"speaker":"Anthane Richie","startTime":823.517,"endTime":828.608,"body":"And that was probably a little bit"},{"speaker":"Anthane Richie","startTime":823.517,"endTime":828.608,"body":"more around around 3000, 2,829, which"},{"speaker":"Average Joe Finances","startTime":829.508,"endTime":831.068,"body":"is phenomenal numbers."},{"speaker":"Anthane Richie","startTime":832.238,"endTime":832.538,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":832.538,"endTime":833.888,"body":"And so definitely location."},{"speaker":"Anthane Richie","startTime":834.038,"endTime":837.188,"body":"So just short term rentals"},{"speaker":"Anthane Richie","startTime":834.038,"endTime":837.188,"body":"has the same rules."},{"speaker":"Anthane Richie","startTime":837.428,"endTime":840.918,"body":"This applies as long-term rental"},{"speaker":"Anthane Richie","startTime":837.428,"endTime":840.918,"body":"in regards to location, right?"},{"speaker":"Anthane Richie","startTime":840.923,"endTime":843.46,"body":"For those that are familiar with the"},{"speaker":"Anthane Richie","startTime":840.923,"endTime":843.46,"body":"Hampton roads area you're not going to"},{"speaker":"Anthane Richie","startTime":843.46,"endTime":845.37,"body":"put your short-term rental in Portsmouth."},{"speaker":"Anthane Richie","startTime":845.59,"endTime":847.305,"body":"Until that casino gets built, then yes."},{"speaker":"Anthane Richie","startTime":847.335,"endTime":850.605,"body":"Then that will make a lot of sense in"},{"speaker":"Anthane Richie","startTime":847.335,"endTime":850.605,"body":"2024, when it gets finished being built."},{"speaker":"Anthane Richie","startTime":850.635,"endTime":852.905,"body":"But for now, you're not going"},{"speaker":"Anthane Richie","startTime":850.635,"endTime":852.905,"body":"to put your short time at 10"},{"speaker":"Anthane Richie","startTime":852.905,"endTime":853.965,"body":"and Prentice Park Portsmouth."},{"speaker":"Anthane Richie","startTime":854.265,"endTime":855.945,"body":"You don't want your short-term"},{"speaker":"Anthane Richie","startTime":854.265,"endTime":855.945,"body":"rentals in Chesapeake."},{"speaker":"Anthane Richie","startTime":855.945,"endTime":858.435,"body":"And what's your short term"},{"speaker":"Anthane Richie","startTime":855.945,"endTime":858.435,"body":"rentals in Virginia Beach,"},{"speaker":"Anthane Richie","startTime":858.525,"endTime":859.795,"body":"which is very hard right now."},{"speaker":"Anthane Richie","startTime":859.799,"endTime":861.749,"body":"Or even Williamsburg, right?"},{"speaker":"Anthane Richie","startTime":861.805,"endTime":865.292,"body":"So location is still Price occupants"},{"speaker":"Anthane Richie","startTime":861.805,"endTime":865.292,"body":"occupancy, because you could have a"},{"speaker":"Anthane Richie","startTime":865.292,"endTime":867.856,"body":"decent price, if you put it in an area"},{"speaker":"Anthane Richie","startTime":865.292,"endTime":867.856,"body":"that nobody wants to know, then you"},{"speaker":"Anthane Richie","startTime":867.856,"endTime":870.946,"body":"just got this pretty house sitting and"},{"speaker":"Anthane Richie","startTime":867.856,"endTime":870.946,"body":"you might as well just turn it into a"},{"speaker":"Anthane Richie","startTime":870.946,"endTime":873.226,"body":"longterm rental that's fully furnished."},{"speaker":"Average Joe Finances","startTime":873.98,"endTime":874.7,"body":"Yeah, for sure."},{"speaker":"Average Joe Finances","startTime":874.7,"endTime":875.044,"body":"For sure."},{"speaker":"Average Joe Finances","startTime":875.095,"endTime":875.395,"body":"Wow."},{"speaker":"Average Joe Finances","startTime":875.395,"endTime":876.574,"body":"That's yeah that's a."},{"speaker":"Average Joe Finances","startTime":877.324,"endTime":878.014,"body":"That's really good."},{"speaker":"Average Joe Finances","startTime":878.014,"endTime":883.39,"body":"So now looking at the Hampton roads area,"},{"speaker":"Average Joe Finances","startTime":878.014,"endTime":883.39,"body":"right in particular in that market now I"},{"speaker":"Average Joe Finances","startTime":883.39,"endTime":888.88,"body":"would assume that summertime is probably"},{"speaker":"Average Joe Finances","startTime":883.39,"endTime":888.88,"body":"the hottest, no pun intended, but the"},{"speaker":"Average Joe Finances","startTime":888.88,"endTime":893.654,"body":"hottest months for rentals, especially"},{"speaker":"Average Joe Finances","startTime":888.88,"endTime":893.654,"body":"if you're looking like access to the"},{"speaker":"Average Joe Finances","startTime":893.654,"endTime":895.814,"body":"Virginia Beach area and things like that."},{"speaker":"Average Joe Finances","startTime":896.084,"endTime":900.164,"body":"Now, if you're closer to, like"},{"speaker":"Average Joe Finances","startTime":896.084,"endTime":900.164,"body":"you said, Williamsburg, I think"},{"speaker":"Average Joe Finances","startTime":900.164,"endTime":904.844,"body":"like the fall timeframe and winter"},{"speaker":"Average Joe Finances","startTime":900.164,"endTime":904.844,"body":"timeframe is probably going to be"},{"speaker":"Average Joe Finances","startTime":904.844,"endTime":907.574,"body":"a pretty hot market in that area."},{"speaker":"Average Joe Finances","startTime":907.574,"endTime":912.494,"body":"So where do you find that happy"},{"speaker":"Average Joe Finances","startTime":907.574,"endTime":912.494,"body":"medium would be a good place to"},{"speaker":"Average Joe Finances","startTime":912.494,"endTime":917.324,"body":"buy in that particular area or"},{"speaker":"Average Joe Finances","startTime":912.494,"endTime":917.324,"body":"you focused solely on one area?"},{"speaker":"Anthane Richie","startTime":917.374,"endTime":918.334,"body":"I'm glad"},{"speaker":"Anthane Richie","startTime":917.374,"endTime":918.334,"body":"you asked that question."},{"speaker":"Anthane Richie","startTime":918.394,"endTime":919.834,"body":"I focused on a few things."},{"speaker":"Anthane Richie","startTime":920.014,"endTime":922.634,"body":"I wanted a good appreciation on"},{"speaker":"Anthane Richie","startTime":920.014,"endTime":922.634,"body":"my home because it's a BRRRR."},{"speaker":"Anthane Richie","startTime":922.894,"endTime":925.384,"body":"So I still want a good equity."},{"speaker":"Anthane Richie","startTime":925.744,"endTime":929.344,"body":"I focused on being close to Virginia"},{"speaker":"Anthane Richie","startTime":925.744,"endTime":929.344,"body":"Beach, but not in Virginia Beach"},{"speaker":"Anthane Richie","startTime":929.374,"endTime":932.689,"body":"because they've made Virginia Beach"},{"speaker":"Anthane Richie","startTime":929.374,"endTime":932.689,"body":"very hard to now have short term"},{"speaker":"Anthane Richie","startTime":932.689,"endTime":934.759,"body":"rentals and in a safe neighborhood."},{"speaker":"Anthane Richie","startTime":934.879,"endTime":937.217,"body":"So Chesapeake was perfect for"},{"speaker":"Anthane Richie","startTime":934.879,"endTime":937.217,"body":"those of you that's knows about"},{"speaker":"Anthane Richie","startTime":937.217,"endTime":940.887,"body":"Hampton roads, 80% Chesapeake"},{"speaker":"Anthane Richie","startTime":937.217,"endTime":940.887,"body":"that you would probably live in."},{"speaker":"Anthane Richie","startTime":940.902,"endTime":944.067,"body":"And so this one's in the Indian"},{"speaker":"Anthane Richie","startTime":940.902,"endTime":944.067,"body":"river area and it was perfect."},{"speaker":"Anthane Richie","startTime":944.081,"endTime":950.425,"body":"Got it for 129, but the other homes"},{"speaker":"Anthane Richie","startTime":944.081,"endTime":950.425,"body":"that are similar to that one, we're"},{"speaker":"Anthane Richie","startTime":950.425,"endTime":955.763,"body":"being soulful at 169, as it is"},{"speaker":"Anthane Richie","startTime":950.425,"endTime":955.763,"body":"after the repairs and everything."},{"speaker":"Anthane Richie","startTime":955.793,"endTime":957.773,"body":"It was going to be capped out about 203."},{"speaker":"Anthane Richie","startTime":958.313,"endTime":962.233,"body":"So I'll have about 40 grand in"},{"speaker":"Anthane Richie","startTime":958.313,"endTime":962.233,"body":"equity and then everything's done."},{"speaker":"Anthane Richie","startTime":963.283,"endTime":966.743,"body":"And the it's funny talking about"},{"speaker":"Anthane Richie","startTime":963.283,"endTime":966.743,"body":"this because the way the conventional"},{"speaker":"Anthane Richie","startTime":966.743,"endTime":971.093,"body":"loan is set up, there's a cap on"},{"speaker":"Anthane Richie","startTime":966.743,"endTime":971.093,"body":"how much you can actually rehab and"},{"speaker":"Anthane Richie","startTime":971.093,"endTime":973.463,"body":"it allows there to be equity in it."},{"speaker":"Anthane Richie","startTime":973.463,"endTime":977.089,"body":"So I think my cap was 45 grand in"},{"speaker":"Anthane Richie","startTime":973.463,"endTime":977.089,"body":"comparison to what the home was going"},{"speaker":"Anthane Richie","startTime":977.089,"endTime":978.769,"body":"to be worth active, all these repairs."},{"speaker":"Anthane Richie","startTime":978.829,"endTime":980.629,"body":"And so now I still have built in equity."},{"speaker":"Anthane Richie","startTime":981.499,"endTime":982.189,"body":"And that's what I call it."},{"speaker":"Anthane Richie","startTime":982.249,"endTime":985.458,"body":"This this type of BRRRRNB on training"},{"speaker":"Anthane Richie","startTime":982.249,"endTime":985.458,"body":"wheels, because with the conventional"},{"speaker":"Anthane Richie","startTime":985.458,"endTime":987.738,"body":"15%, there's a lot of rules."},{"speaker":"Anthane Richie","startTime":987.738,"endTime":991.968,"body":"And like I said, pros and cons for those"},{"speaker":"Anthane Richie","startTime":987.738,"endTime":991.968,"body":"experience, investors is probably the most"},{"speaker":"Anthane Richie","startTime":991.968,"endTime":994.488,"body":"frustrating process like it right now."},{"speaker":"Anthane Richie","startTime":994.488,"endTime":997.808,"body":"It's been very frustrating"},{"speaker":"Anthane Richie","startTime":994.488,"endTime":997.808,"body":"because this, I can't even."},{"speaker":"Anthane Richie","startTime":998.598,"endTime":1000.968,"body":"I got a thousand dollar"},{"speaker":"Anthane Richie","startTime":998.598,"endTime":1000.968,"body":"credit card from my son."},{"speaker":"Anthane Richie","startTime":1001.238,"endTime":1001.568,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":1001.658,"endTime":1004.678,"body":"I added him as an authorized"},{"speaker":"Anthane Richie","startTime":1001.658,"endTime":1004.678,"body":"user to build his credit and"},{"speaker":"Anthane Richie","startTime":1004.678,"endTime":1006.048,"body":"they're up my butt about that."},{"speaker":"Anthane Richie","startTime":1006.118,"endTime":1009.312,"body":"Hey, you got a thousand dollar credit"},{"speaker":"Anthane Richie","startTime":1006.118,"endTime":1009.312,"body":"card what's going on with that."},{"speaker":"Anthane Richie","startTime":1009.312,"endTime":1011.772,"body":"Your debt to income ratio"},{"speaker":"Anthane Richie","startTime":1009.312,"endTime":1011.772,"body":"is going higher now."},{"speaker":"Anthane Richie","startTime":1011.821,"endTime":1012.111,"body":"Come on."},{"speaker":"Anthane Richie","startTime":1012.111,"endTime":1013.432,"body":"Credit limit, leave me alone."},{"speaker":"Anthane Richie","startTime":1013.492,"endTime":1015.414,"body":"So I have to send those"},{"speaker":"Anthane Richie","startTime":1013.492,"endTime":1015.414,"body":"statements every month."},{"speaker":"Anthane Richie","startTime":1015.474,"endTime":1015.714,"body":"Oh man."},{"speaker":"Anthane Richie","startTime":1015.714,"endTime":1015.924,"body":"Wait,"},{"speaker":"Average Joe Finances","startTime":1015.991,"endTime":1017.3,"body":"Wait till your close man."},{"speaker":"Average Joe Finances","startTime":1017.68,"endTime":1018.2,"body":"Tell you something."},{"speaker":"Average Joe Finances","startTime":1018.2,"endTime":1018.954,"body":"Hey just hold up."},{"speaker":"Average Joe Finances","startTime":1018.984,"endTime":1020.854,"body":"Like another couple of days, man."},{"speaker":"Average Joe Finances","startTime":1020.883,"endTime":1021.813,"body":"I don't like that, so"},{"speaker":"Anthane Richie","startTime":1021.813,"endTime":1024.18,"body":"and we're also"},{"speaker":"Anthane Richie","startTime":1021.813,"endTime":1024.18,"body":"buying our primary home too, so"},{"speaker":"Anthane Richie","startTime":1024.18,"endTime":1025.55,"body":"like that also happened to us."},{"speaker":"Anthane Richie","startTime":1025.55,"endTime":1029.58,"body":"So I don't like holding on my"},{"speaker":"Anthane Richie","startTime":1025.55,"endTime":1029.58,"body":"life for 45, 60 days to close."},{"speaker":"Anthane Richie","startTime":1029.64,"endTime":1030.48,"body":"I just can't."},{"speaker":"Average Joe Finances","startTime":1030.54,"endTime":1030.93,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1030.97,"endTime":1033.61,"body":"You're you're under contract"},{"speaker":"Average Joe Finances","startTime":1030.97,"endTime":1033.61,"body":"for two properties right now."},{"speaker":"Anthane Richie","startTime":1033.61,"endTime":1035.366,"body":"Yeah, my"},{"speaker":"Anthane Richie","startTime":1033.61,"endTime":1035.366,"body":"primary home that closes."},{"speaker":"Anthane Richie","startTime":1036.311,"endTime":1037.121,"body":"And three weeks."},{"speaker":"Anthane Richie","startTime":1037.421,"endTime":1037.841,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1038.261,"endTime":1039.071,"body":"Congrats man."},{"speaker":"Average Joe Finances","startTime":1039.131,"endTime":1039.701,"body":"Good stuff."},{"speaker":"Anthane Richie","startTime":1039.731,"endTime":1040.101,"body":"Thanks."},{"speaker":"Anthane Richie","startTime":1040.169,"endTime":1041.909,"body":"Yeah, so I wasn't trying"},{"speaker":"Anthane Richie","startTime":1040.169,"endTime":1041.909,"body":"to hold up those things."},{"speaker":"Anthane Richie","startTime":1041.966,"endTime":1044.256,"body":"Begrudgingly I'm providing"},{"speaker":"Anthane Richie","startTime":1041.966,"endTime":1044.256,"body":"all that information."},{"speaker":"Anthane Richie","startTime":1044.256,"endTime":1047.543,"body":"But again, like I said"},{"speaker":"Anthane Richie","startTime":1044.256,"endTime":1047.543,"body":"they do keep you in line."},{"speaker":"Anthane Richie","startTime":1047.591,"endTime":1051.314,"body":"They keep the contract is in line"},{"speaker":"Anthane Richie","startTime":1047.591,"endTime":1051.314,"body":"too and there, and they, I think my"},{"speaker":"Anthane Richie","startTime":1051.314,"endTime":1053.094,"body":"contract is a bit for their patience."},{"speaker":"Anthane Richie","startTime":1053.114,"endTime":1054.717,"body":"I've worked with them in the past before."},{"speaker":"Anthane Richie","startTime":1054.722,"endTime":1056.912,"body":"Mostly actually Amyra has,"},{"speaker":"Anthane Richie","startTime":1054.722,"endTime":1056.912,"body":"cause she worked with them"},{"speaker":"Anthane Richie","startTime":1056.912,"endTime":1058.082,"body":"mostly when I was on deployment."},{"speaker":"Anthane Richie","startTime":1058.922,"endTime":1061.739,"body":"But they don't a lot of contractors"},{"speaker":"Anthane Richie","startTime":1058.922,"endTime":1061.739,"body":"don't like these because there's"},{"speaker":"Anthane Richie","startTime":1061.739,"endTime":1064.209,"body":"so many rules, there's so many"},{"speaker":"Anthane Richie","startTime":1061.739,"endTime":1064.209,"body":"paperwork, so much paperwork."},{"speaker":"Anthane Richie","startTime":1064.256,"endTime":1069.176,"body":"But if you are a novice, you just"},{"speaker":"Anthane Richie","startTime":1064.256,"endTime":1069.176,"body":"started, I would say, still do this"},{"speaker":"Anthane Richie","startTime":1069.506,"endTime":1072.206,"body":"because there are some mistakes or"},{"speaker":"Anthane Richie","startTime":1069.506,"endTime":1072.206,"body":"some things you wouldn't take in"},{"speaker":"Anthane Richie","startTime":1072.206,"endTime":1076.45,"body":"consideration that the your loan officer"},{"speaker":"Anthane Richie","startTime":1072.206,"endTime":1076.45,"body":"will, and they have to, because it's"},{"speaker":"Anthane Richie","startTime":1076.45,"endTime":1077.92,"body":"part of the underwriting process."},{"speaker":"Anthane Richie","startTime":1078.07,"endTime":1082.54,"body":"Also, when it comes to the"},{"speaker":"Anthane Richie","startTime":1078.07,"endTime":1082.54,"body":"contractors, doing their rehab,"},{"speaker":"Anthane Richie","startTime":1083.05,"endTime":1085.83,"body":"they get paid per milestone."},{"speaker":"Anthane Richie","startTime":1086.185,"endTime":1090.355,"body":"And so that, and they get inspected"},{"speaker":"Anthane Richie","startTime":1086.185,"endTime":1090.355,"body":"after those milestones are completed as"},{"speaker":"Anthane Richie","startTime":1090.355,"endTime":1092.035,"body":"well, to ensure that it's done properly."},{"speaker":"Average Joe Finances","startTime":1092.685,"endTime":1093.005,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1093.335,"endTime":1095.515,"body":"This involves like different"},{"speaker":"Average Joe Finances","startTime":1093.335,"endTime":1095.515,"body":"draw periods, right?"},{"speaker":"Anthane Richie","startTime":1095.875,"endTime":1096.355,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":1096.805,"endTime":1098.545,"body":"And so that saves people."},{"speaker":"Anthane Richie","startTime":1098.545,"endTime":1101.912,"body":"I know I've heard plenty of people that"},{"speaker":"Anthane Richie","startTime":1098.545,"endTime":1101.912,"body":"from the experiences of where they did"},{"speaker":"Anthane Richie","startTime":1101.912,"endTime":1107.117,"body":"their BRRRR and either the contractor just"},{"speaker":"Anthane Richie","startTime":1101.912,"endTime":1107.117,"body":"went off and left on them, after they gave"},{"speaker":"Anthane Richie","startTime":1107.117,"endTime":1109.685,"body":"them a deposit or they didn't do it right."},{"speaker":"Anthane Richie","startTime":1109.715,"endTime":1110.255,"body":"They didn't find out."},{"speaker":"Anthane Richie","startTime":1110.255,"endTime":1111.165,"body":"So after the fact."},{"speaker":"Average Joe Finances","startTime":1111.755,"endTime":1113.69,"body":"Yeah, you do hear"},{"speaker":"Average Joe Finances","startTime":1111.755,"endTime":1113.69,"body":"a lot of those horror stories, which"},{"speaker":"Average Joe Finances","startTime":1113.69,"endTime":1117.124,"body":"is why it's super important to make"},{"speaker":"Average Joe Finances","startTime":1113.69,"endTime":1117.124,"body":"sure you're vetting your contractors."},{"speaker":"Average Joe Finances","startTime":1117.394,"endTime":1120.694,"body":"But the other thing too, that I've"},{"speaker":"Average Joe Finances","startTime":1117.394,"endTime":1120.694,"body":"also heard a lot of people run into,"},{"speaker":"Average Joe Finances","startTime":1120.694,"endTime":1124.749,"body":"especially doing any type of renovation"},{"speaker":"Average Joe Finances","startTime":1120.694,"endTime":1124.749,"body":"loan is I've heard of, people running"},{"speaker":"Average Joe Finances","startTime":1124.749,"endTime":1127.473,"body":"into the situation where they didn't"},{"speaker":"Average Joe Finances","startTime":1124.749,"endTime":1127.473,"body":"realize they had these draw periods."},{"speaker":"Average Joe Finances","startTime":1127.528,"endTime":1129.098,"body":"They thought, oh, okay, cool."},{"speaker":"Average Joe Finances","startTime":1129.128,"endTime":1130.538,"body":"I'm getting the loan for"},{"speaker":"Average Joe Finances","startTime":1129.128,"endTime":1130.538,"body":"this amount of money."},{"speaker":"Average Joe Finances","startTime":1130.538,"endTime":1131.678,"body":"I'll get it all right away."},{"speaker":"Average Joe Finances","startTime":1132.248,"endTime":1134.858,"body":"I'll go buy all the materials"},{"speaker":"Average Joe Finances","startTime":1132.248,"endTime":1134.858,"body":"and this and that, and then pay"},{"speaker":"Average Joe Finances","startTime":1134.858,"endTime":1135.728,"body":"the contractors and get them."},{"speaker":"Average Joe Finances","startTime":1136.763,"endTime":1138.744,"body":"And it's actually we're only"},{"speaker":"Average Joe Finances","startTime":1136.763,"endTime":1138.744,"body":"going to give you like this"},{"speaker":"Average Joe Finances","startTime":1138.744,"endTime":1140.229,"body":"much, during this time period."},{"speaker":"Average Joe Finances","startTime":1140.229,"endTime":1142.359,"body":"And then when it's done,"},{"speaker":"Average Joe Finances","startTime":1140.229,"endTime":1142.359,"body":"we'll come inspect it, then"},{"speaker":"Average Joe Finances","startTime":1142.359,"endTime":1143.409,"body":"we'll give you the next draw."},{"speaker":"Average Joe Finances","startTime":1144.029,"endTime":1145.509,"body":"So a lot of people don't realize that."},{"speaker":"Average Joe Finances","startTime":1145.959,"endTime":1150.785,"body":"So it's very important that you do"},{"speaker":"Average Joe Finances","startTime":1145.959,"endTime":1150.785,"body":"your own due diligence on the program"},{"speaker":"Average Joe Finances","startTime":1150.785,"endTime":1153.861,"body":"you're going through the loan type"},{"speaker":"Average Joe Finances","startTime":1150.785,"endTime":1153.861,"body":"that you have, and you understand"},{"speaker":"Average Joe Finances","startTime":1153.861,"endTime":1155.031,"body":"what you're getting yourself into."},{"speaker":"Average Joe Finances","startTime":1155.031,"endTime":1157.731,"body":"That is super important and"},{"speaker":"Average Joe Finances","startTime":1155.031,"endTime":1157.731,"body":"a very good point to make."},{"speaker":"Average Joe Finances","startTime":1158.091,"endTime":1163.136,"body":"Now with the, so your intention"},{"speaker":"Average Joe Finances","startTime":1158.091,"endTime":1163.136,"body":"with this property from the"},{"speaker":"Average Joe Finances","startTime":1163.136,"endTime":1165.116,"body":"beginning was to make it an Airbnb?"},{"speaker":"Anthane Richie","startTime":1165.686,"endTime":1166.136,"body":"Yes."},{"speaker":"Anthane Richie","startTime":1166.145,"endTime":1170.494,"body":"Because I was, I did not want a,"},{"speaker":"Anthane Richie","startTime":1166.145,"endTime":1170.494,"body":"I love multi family and I did not"},{"speaker":"Anthane Richie","startTime":1170.494,"endTime":1174.244,"body":"want a single family home just"},{"speaker":"Anthane Richie","startTime":1170.494,"endTime":1174.244,"body":"to make $200 a month in cashflow."},{"speaker":"Anthane Richie","startTime":1174.544,"endTime":1178.248,"body":"It is very hard to meet the 1% rule"},{"speaker":"Anthane Richie","startTime":1174.544,"endTime":1178.248,"body":"the Hampton roads area unless you"},{"speaker":"Anthane Richie","startTime":1178.248,"endTime":1182.448,"body":"have the time to do a lot of direct"},{"speaker":"Anthane Richie","startTime":1178.248,"endTime":1182.448,"body":"mailing and find something off market,"},{"speaker":"Anthane Richie","startTime":1183.108,"endTime":1187.038,"body":"which I found myself trying to do,"},{"speaker":"Anthane Richie","startTime":1183.108,"endTime":1187.038,"body":"driving for dollars and all that."},{"speaker":"Anthane Richie","startTime":1187.608,"endTime":1188.568,"body":"I don't have the time."},{"speaker":"Anthane Richie","startTime":1188.598,"endTime":1189.348,"body":"I really don't."},{"speaker":"Average Joe Finances","startTime":1189.388,"endTime":1191.268,"body":"Still being"},{"speaker":"Average Joe Finances","startTime":1189.388,"endTime":1191.268,"body":"active duty in the Navy and stuff"},{"speaker":"Average Joe Finances","startTime":1191.268,"endTime":1193.008,"body":"it's yeah, totally understandable."},{"speaker":"Average Joe Finances","startTime":1193.158,"endTime":1193.848,"body":"And a brand new thing."},{"speaker":"Average Joe Finances","startTime":1194.838,"endTime":1195.468,"body":"Exactly."},{"speaker":"Average Joe Finances","startTime":1195.468,"endTime":1197.073,"body":"She's podcast officially on the show."},{"speaker":"Average Joe Finances","startTime":1197.073,"endTime":1197.643,"body":"Congratulations."},{"speaker":"Anthane Richie","startTime":1197.643,"endTime":1198.243,"body":"I appreciate that."},{"speaker":"Anthane Richie","startTime":1198.243,"endTime":1198.543,"body":"Thank you."},{"speaker":"Anthane Richie","startTime":1198.543,"endTime":1198.903,"body":"Thank you."},{"speaker":"Anthane Richie","startTime":1198.903,"endTime":1200.493,"body":"We're very proud of her."},{"speaker":"Anthane Richie","startTime":1200.493,"endTime":1200.943,"body":"Actually."},{"speaker":"Anthane Richie","startTime":1201.063,"endTime":1201.953,"body":"She's already holding a bottle."},{"speaker":"Anthane Richie","startTime":1201.993,"endTime":1202.953,"body":"She's only three months old."},{"speaker":"Average Joe Finances","startTime":1203.103,"endTime":1204.153,"body":"Oh, that's fantastic."},{"speaker":"Average Joe Finances","startTime":1204.873,"endTime":1206.883,"body":"She's adorable by the way for my audience."},{"speaker":"Average Joe Finances","startTime":1207.693,"endTime":1207.933,"body":"She's"},{"speaker":"Anthane Richie","startTime":1207.933,"endTime":1208.413,"body":"adorable."},{"speaker":"Anthane Richie","startTime":1208.863,"endTime":1209.853,"body":"Oh, thank you thank you."},{"speaker":"Anthane Richie","startTime":1210.333,"endTime":1213.803,"body":"So with all that on our plate I"},{"speaker":"Anthane Richie","startTime":1210.333,"endTime":1213.803,"body":"have to figure out what is going"},{"speaker":"Anthane Richie","startTime":1213.803,"endTime":1215.393,"body":"to be the best use of my time."},{"speaker":"Anthane Richie","startTime":1215.843,"endTime":1219.798,"body":"And I was like, I got this 10 31."},{"speaker":"Anthane Richie","startTime":1219.948,"endTime":1223.518,"body":"And so I completely skipped how I still"},{"speaker":"Anthane Richie","startTime":1219.948,"endTime":1223.518,"body":"want to properties that sold I 1031'd it."},{"speaker":"Average Joe Finances","startTime":1223.818,"endTime":1224.268,"body":"Oh yeah."},{"speaker":"Average Joe Finances","startTime":1224.275,"endTime":1225.335,"body":"Let's get into that, man."},{"speaker":"Average Joe Finances","startTime":1225.965,"endTime":1226.715,"body":"How'd you do that?"},{"speaker":"Anthane Richie","startTime":1226.756,"endTime":1229.411,"body":"There's only one"},{"speaker":"Anthane Richie","startTime":1226.756,"endTime":1229.411,"body":"bank in this area that does it."},{"speaker":"Anthane Richie","startTime":1229.538,"endTime":1232.122,"body":"Her name is Ute who's is the lady."},{"speaker":"Anthane Richie","startTime":1232.152,"endTime":1234.012,"body":"I think she's from Russia"},{"speaker":"Anthane Richie","startTime":1232.152,"endTime":1234.012,"body":"is the lady that helped me."},{"speaker":"Anthane Richie","startTime":1234.612,"endTime":1239.73,"body":"And they process your 10 31 and they"},{"speaker":"Anthane Richie","startTime":1234.612,"endTime":1239.73,"body":"keep your profits from the property"},{"speaker":"Anthane Richie","startTime":1239.73,"endTime":1241.2,"body":"that you sell in an escrow account?"},{"speaker":"Anthane Richie","startTime":1242.01,"endTime":1248.7,"body":"I had a 30 days to identify about three"},{"speaker":"Anthane Richie","startTime":1242.01,"endTime":1248.7,"body":"properties and I have about 90 days."},{"speaker":"Anthane Richie","startTime":1249.24,"endTime":1249.39,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":1249.4,"endTime":1251.07,"body":"She gave me like, I think"},{"speaker":"Anthane Richie","startTime":1249.4,"endTime":1251.07,"body":"it was like 30 days."},{"speaker":"Anthane Richie","startTime":1251.07,"endTime":1252.63,"body":"I may be wrong, maybe 45."},{"speaker":"Anthane Richie","startTime":1252.728,"endTime":1255.128,"body":"She gave me from October 11th."},{"speaker":"Anthane Richie","startTime":1255.158,"endTime":1257.078,"body":"I sold my home in mid-September."},{"speaker":"Anthane Richie","startTime":1257.608,"endTime":1261.478,"body":"I had until October 11th to"},{"speaker":"Anthane Richie","startTime":1257.608,"endTime":1261.478,"body":"identify three properties."},{"speaker":"Anthane Richie","startTime":1261.898,"endTime":1265.588,"body":"And then I had till February 22nd"},{"speaker":"Anthane Richie","startTime":1261.898,"endTime":1265.588,"body":"to close on one of those properties."},{"speaker":"Anthane Richie","startTime":1265.638,"endTime":1268.578,"body":"I can't complain because she"},{"speaker":"Anthane Richie","startTime":1265.638,"endTime":1268.578,"body":"literally wrote up that 10 31"},{"speaker":"Anthane Richie","startTime":1268.578,"endTime":1273.348,"body":"for me in 24 hours because I had"},{"speaker":"Anthane Richie","startTime":1268.578,"endTime":1273.348,"body":"something going on that week."},{"speaker":"Anthane Richie","startTime":1273.348,"endTime":1276.108,"body":"I was completely swamped and"},{"speaker":"Anthane Richie","startTime":1273.348,"endTime":1276.108,"body":"I was like, hold up, I'm not"},{"speaker":"Anthane Richie","startTime":1276.108,"endTime":1277.248,"body":"trying to pay taxes on this."},{"speaker":"Anthane Richie","startTime":1278.038,"endTime":1278.568,"body":"I called her."},{"speaker":"Anthane Richie","startTime":1278.628,"endTime":1281.568,"body":"I was like, Could you"},{"speaker":"Anthane Richie","startTime":1278.628,"endTime":1281.568,"body":"really draft this up for me?"},{"speaker":"Anthane Richie","startTime":1281.568,"endTime":1282.648,"body":"I close on Friday."},{"speaker":"Anthane Richie","startTime":1282.648,"endTime":1282.888,"body":"I know."},{"speaker":"Anthane Richie","startTime":1282.888,"endTime":1284.568,"body":"Today's like Wednesday afternoon."},{"speaker":"Anthane Richie","startTime":1284.958,"endTime":1287.938,"body":"I called it like a 1600"},{"speaker":"Anthane Richie","startTime":1284.958,"endTime":1287.938,"body":"and they drafted everything"},{"speaker":"Average Joe Finances","startTime":1287.938,"endTime":1289.638,"body":"4 O'clock"},{"speaker":"Average Joe Finances","startTime":1287.938,"endTime":1289.638,"body":"for you non-military folk."},{"speaker":"Anthane Richie","startTime":1289.908,"endTime":1290.658,"body":"Oh yeah, sorry."},{"speaker":"Yeah, 4","startTime":1290.658,"endTime":1291.738,"body":"00 PM."},{"speaker":"Yeah, 4","startTime":1292.218,"endTime":1295.041,"body":"And she really looked out she's"},{"speaker":"Yeah, 4","startTime":1292.218,"endTime":1295.041,"body":"actually been very good with me."},{"speaker":"Yeah, 4","startTime":1295.086,"endTime":1298.476,"body":"Very patient, apparently in this"},{"speaker":"Yeah, 4","startTime":1295.086,"endTime":1298.476,"body":"area she's known to do that."},{"speaker":"Yeah, 4","startTime":1298.476,"endTime":1300.786,"body":"She's the only one that does it"},{"speaker":"Yeah, 4","startTime":1298.476,"endTime":1300.786,"body":"and she's really good at doing it."},{"speaker":"Yeah, 4","startTime":1301.236,"endTime":1301.506,"body":"Nice."},{"speaker":"Yeah, 4","startTime":1301.593,"endTime":1303.983,"body":"And she has an assistant and that"},{"speaker":"Yeah, 4","startTime":1301.593,"endTime":1303.983,"body":"really is really good at it too."},{"speaker":"Yeah, 4","startTime":1304.053,"endTime":1305.133,"body":"That she's actually turning it over to."},{"speaker":"Yeah, 4","startTime":1306.228,"endTime":1307.158,"body":"So I did that."},{"speaker":"Yeah, 4","startTime":1307.158,"endTime":1309.78,"body":"And the reason why people do that so"},{"speaker":"Yeah, 4","startTime":1307.158,"endTime":1309.78,"body":"that they don't have to pay capital"},{"speaker":"Yeah, 4","startTime":1309.78,"endTime":1311.44,"body":"gains tax on their properties."},{"speaker":"Yeah, 4","startTime":1312.22,"endTime":1317.01,"body":"And if you are somebody who's rinsing"},{"speaker":"Yeah, 4","startTime":1312.22,"endTime":1317.01,"body":"and repeating a lot of cash throughout"},{"speaker":"Yeah, 4","startTime":1317.01,"endTime":1320.76,"body":"the year, you'll be glad that something"},{"speaker":"Yeah, 4","startTime":1317.01,"endTime":1320.76,"body":"like this exists because you don't want"},{"speaker":"Yeah, 4","startTime":1320.76,"endTime":1324.33,"body":"to be paying 17 grand or $55,000 profits."},{"speaker":"Yeah, 4","startTime":1324.41,"endTime":1325.644,"body":"It's actually a discouraging."},{"speaker":"Yeah, 4","startTime":1325.711,"endTime":1329.185,"body":"So I did that so that I can, cause I"},{"speaker":"Yeah, 4","startTime":1325.711,"endTime":1329.185,"body":"already knew the property that I wanted."},{"speaker":"Yeah, 4","startTime":1329.425,"endTime":1330.385,"body":"I already found it."},{"speaker":"Yeah, 4","startTime":1330.475,"endTime":1332.095,"body":"I was like, I called dibs."},{"speaker":"Yeah, 4","startTime":1332.395,"endTime":1335.332,"body":"I, and I put it in a price"},{"speaker":"Yeah, 4","startTime":1332.395,"endTime":1335.332,"body":"point and the guy offered it."},{"speaker":"Yeah, 4","startTime":1335.362,"endTime":1337.754,"body":"It was a lawyer and he was just"},{"speaker":"Yeah, 4","startTime":1335.362,"endTime":1337.754,"body":"trying to, get it off his books."},{"speaker":"Yeah, 4","startTime":1338.204,"endTime":1340.256,"body":"And they're easy to work"},{"speaker":"Yeah, 4","startTime":1338.204,"endTime":1340.256,"body":"with a lawyer by the way."},{"speaker":"Yeah, 4","startTime":1340.256,"endTime":1343.916,"body":"Cause he writes up everything on, on his"},{"speaker":"Yeah, 4","startTime":1340.256,"endTime":1343.916,"body":"own as far as the negotiation process."},{"speaker":"Yeah, 4","startTime":1345.086,"endTime":1347.042,"body":"And I was like, yes, got, everything."},{"speaker":"Yeah, 4","startTime":1347.052,"endTime":1352.482,"body":"And so throughout that process, Anytime"},{"speaker":"Yeah, 4","startTime":1347.052,"endTime":1352.482,"body":"you can also use your 10 31, not only"},{"speaker":"Yeah, 4","startTime":1352.482,"endTime":1355.662,"body":"just as the down payment, but you"},{"speaker":"Yeah, 4","startTime":1352.482,"endTime":1355.662,"body":"can use it towards the closing costs."},{"speaker":"Yeah, 4","startTime":1355.672,"endTime":1359.874,"body":"So like earnest money deposits"},{"speaker":"Yeah, 4","startTime":1355.672,"endTime":1359.874,"body":"appraisals inspections."},{"speaker":"Yeah, 4","startTime":1359.934,"endTime":1365.748,"body":"You can take that money from the"},{"speaker":"Yeah, 4","startTime":1359.934,"endTime":1365.748,"body":"escrow because I don't like the term."},{"speaker":"Average Joe Finances","startTime":1365.748,"endTime":1368.372,"body":"I've talked about"},{"speaker":"Average Joe Finances","startTime":1365.748,"endTime":1368.372,"body":"10 30, 1 exchanges several times with"},{"speaker":"Average Joe Finances","startTime":1368.612,"endTime":1371.342,"body":"other guests and I never knew that."},{"speaker":"Average Joe Finances","startTime":1372.052,"endTime":1375.167,"body":"I never knew you could use it for other"},{"speaker":"Average Joe Finances","startTime":1372.052,"endTime":1375.167,"body":"things because I've never done one myself."},{"speaker":"Average Joe Finances","startTime":1375.184,"endTime":1379.133,"body":"So I never knew that you can"},{"speaker":"Average Joe Finances","startTime":1375.184,"endTime":1379.133,"body":"actually use that for, different"},{"speaker":"Average Joe Finances","startTime":1379.133,"endTime":1380.333,"body":"inspection fees and things like that."},{"speaker":"Average Joe Finances","startTime":1380.333,"endTime":1383.393,"body":"In closing, I thought it was like"},{"speaker":"Average Joe Finances","startTime":1380.333,"endTime":1383.393,"body":"strictly down payment on the next."},{"speaker":"Average Joe Finances","startTime":1384.428,"endTime":1385.988,"body":"No, that's pretty cool to know."},{"speaker":"Average Joe Finances","startTime":1386.048,"endTime":1386.438,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":1386.768,"endTime":1388.268,"body":"And earnest money too, you said, right?"},{"speaker":"Anthane Richie","startTime":1388.508,"endTime":1388.718,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":1388.718,"endTime":1389.748,"body":"I used it for my earnest money."},{"speaker":"Anthane Richie","startTime":1389.776,"endTime":1390.756,"body":"They'll be paying me back."},{"speaker":"Anthane Richie","startTime":1390.816,"endTime":1392.196,"body":"So I had to do two earnest monies."},{"speaker":"Anthane Richie","startTime":1392.259,"endTime":1396.348,"body":"I had, I paid the one earnest money out of"},{"speaker":"Anthane Richie","startTime":1392.259,"endTime":1396.348,"body":"pocket because the, I needed their wiring"},{"speaker":"Anthane Richie","startTime":1396.748,"endTime":1397.968,"body":"number and I couldn't get it in time."},{"speaker":"Anthane Richie","startTime":1398.03,"endTime":1401.177,"body":"Ute, they said, Hey, we'll just pay"},{"speaker":"Anthane Richie","startTime":1398.03,"endTime":1401.177,"body":"you back at closing from the escrow."},{"speaker":"Anthane Richie","startTime":1401.327,"endTime":1403.637,"body":"And then the other earnest"},{"speaker":"Anthane Richie","startTime":1401.327,"endTime":1403.637,"body":"money deposit I had to do."},{"speaker":"Anthane Richie","startTime":1403.637,"endTime":1408.317,"body":"Cause I needed an extension because we"},{"speaker":"Anthane Richie","startTime":1403.637,"endTime":1408.317,"body":"had to get some new, a new appraiser and"},{"speaker":"Anthane Richie","startTime":1408.317,"endTime":1413.192,"body":"a new inspection on with the contract"},{"speaker":"Anthane Richie","startTime":1408.317,"endTime":1413.192,"body":"on what else he needed to get done?"},{"speaker":"Anthane Richie","startTime":1413.265,"endTime":1415.747,"body":"So I had to pay a $5,000 earnest"},{"speaker":"Anthane Richie","startTime":1413.265,"endTime":1415.747,"body":"money deposit to get that"},{"speaker":"Anthane Richie","startTime":1415.747,"endTime":1417.817,"body":"extension and go towards closing."},{"speaker":"Anthane Richie","startTime":1417.847,"endTime":1419.377,"body":"But I paid it through my escrow."},{"speaker":"Anthane Richie","startTime":1419.377,"endTime":1420.397,"body":"I didn't pay that out of pocket."},{"speaker":"Anthane Richie","startTime":1421.417,"endTime":1425.707,"body":"So it's been a very handy because"},{"speaker":"Anthane Richie","startTime":1421.417,"endTime":1425.707,"body":"it's like my own little utility"},{"speaker":"Anthane Richie","startTime":1425.707,"endTime":1427.327,"body":"bank until I actually closed."},{"speaker":"Anthane Richie","startTime":1427.837,"endTime":1430.182,"body":"And when it comes to that,"},{"speaker":"Anthane Richie","startTime":1427.837,"endTime":1430.182,"body":"though, you want to make sure"},{"speaker":"Anthane Richie","startTime":1430.182,"endTime":1432.222,"body":"that all your ducks in a row."},{"speaker":"Anthane Richie","startTime":1432.222,"endTime":1433.542,"body":"Cause like I said, training wheels."},{"speaker":"Anthane Richie","startTime":1433.632,"endTime":1437.38,"body":"So if you had a divorce, the divorce"},{"speaker":"Anthane Richie","startTime":1433.632,"endTime":1437.38,"body":"decree, your child support court order,"},{"speaker":"Anthane Richie","startTime":1437.38,"endTime":1440.38,"body":"your driver's license, all the things"},{"speaker":"Anthane Richie","startTime":1437.38,"endTime":1440.38,"body":"that almost like again, a regular house"},{"speaker":"Anthane Richie","startTime":1440.41,"endTime":1443.474,"body":"that you had to provide you want to"},{"speaker":"Anthane Richie","startTime":1440.41,"endTime":1443.474,"body":"make sure you have all that together."},{"speaker":"Anthane Richie","startTime":1443.534,"endTime":1447.471,"body":"You obviously want to have your"},{"speaker":"Anthane Richie","startTime":1443.534,"endTime":1447.471,"body":"six to seven months of reserves for"},{"speaker":"Anthane Richie","startTime":1447.471,"endTime":1449.691,"body":"the mortgage in the bank as well."},{"speaker":"Anthane Richie","startTime":1449.691,"endTime":1453.801,"body":"And like I mentioned, If you don't"},{"speaker":"Anthane Richie","startTime":1449.691,"endTime":1453.801,"body":"want to get harassment more paperwork"},{"speaker":"Anthane Richie","startTime":1453.812,"endTime":1456.684,"body":"don't add anything more to your"},{"speaker":"Anthane Richie","startTime":1453.812,"endTime":1456.684,"body":"credit in the meantime as well."},{"speaker":"Average Joe Finances","startTime":1456.755,"endTime":1460.185,"body":"So don't open up"},{"speaker":"Average Joe Finances","startTime":1456.755,"endTime":1460.185,"body":"a authorized user account for a kid."},{"speaker":"Average Joe Finances","startTime":1460.695,"endTime":1461.305,"body":"Is that what you're saying?"},{"speaker":"Anthane Richie","startTime":1461.305,"endTime":1461.745,"body":"Don't do it?"},{"speaker":"Anthane Richie","startTime":1463.075,"endTime":1463.575,"body":"Don't do it."},{"speaker":"Anthane Richie","startTime":1464.265,"endTime":1465.185,"body":"I'm just impatient."},{"speaker":"Anthane Richie","startTime":1466.905,"endTime":1467.835,"body":"I'm very impatient."},{"speaker":"Anthane Richie","startTime":1467.915,"endTime":1471.015,"body":"If I find out a good idea, I want"},{"speaker":"Anthane Richie","startTime":1467.915,"endTime":1471.015,"body":"to learn as fast as possible, and I"},{"speaker":"Anthane Richie","startTime":1471.025,"endTime":1474.82,"body":"want to do it as fast as possible, as"},{"speaker":"Anthane Richie","startTime":1471.025,"endTime":1474.82,"body":"long as it doesn't obviously hurt the"},{"speaker":"Anthane Richie","startTime":1474.82,"endTime":1476.858,"body":"business or hurt our personal home."},{"speaker":"Anthane Richie","startTime":1477.913,"endTime":1479.293,"body":"And that's what I try"},{"speaker":"Anthane Richie","startTime":1477.913,"endTime":1479.293,"body":"and make sure we go by."},{"speaker":"Anthane Richie","startTime":1479.293,"endTime":1481.783,"body":"So that's been a process with that."},{"speaker":"Anthane Richie","startTime":1481.847,"endTime":1482.547,"body":"And oh yeah."},{"speaker":"Anthane Richie","startTime":1482.547,"endTime":1485.287,"body":"W what I wanted to say earlier was"},{"speaker":"Anthane Richie","startTime":1482.547,"endTime":1485.287,"body":"that I don't like the term no money."},{"speaker":"Anthane Richie","startTime":1486.092,"endTime":1486.822,"body":"There's no such thing."},{"speaker":"Anthane Richie","startTime":1486.822,"endTime":1489.869,"body":"Maybe you can use other people's money"},{"speaker":"Anthane Richie","startTime":1486.822,"endTime":1489.869,"body":"for a down payment and that's what"},{"speaker":"Anthane Richie","startTime":1489.869,"endTime":1492.419,"body":"you have some type of partnership,"},{"speaker":"Anthane Richie","startTime":1489.869,"endTime":1492.419,"body":"but who's paying for the inspection."},{"speaker":"Anthane Richie","startTime":1492.419,"endTime":1493.889,"body":"Who's paying for the"},{"speaker":"Anthane Richie","startTime":1492.419,"endTime":1493.889,"body":"earnest money deposit."},{"speaker":"Anthane Richie","startTime":1494.159,"endTime":1495.389,"body":"Who's paying for the appraisal."},{"speaker":"Anthane Richie","startTime":1495.449,"endTime":1497.609,"body":"If you have to get a surveyor,"},{"speaker":"Anthane Richie","startTime":1495.449,"endTime":1497.609,"body":"who's paying for that."},{"speaker":"Anthane Richie","startTime":1497.669,"endTime":1500.399,"body":"And that could be even more expensive"},{"speaker":"Anthane Richie","startTime":1497.669,"endTime":1500.399,"body":"than the inspection, because I had"},{"speaker":"Anthane Richie","startTime":1500.399,"endTime":1505.439,"body":"to survey this property as well,"},{"speaker":"Anthane Richie","startTime":1500.399,"endTime":1505.439,"body":"because I intend to renovate and turn"},{"speaker":"Anthane Richie","startTime":1505.439,"endTime":1507.269,"body":"the standalone garage into a studio."},{"speaker":"Anthane Richie","startTime":1508.529,"endTime":1509.789,"body":"So I had to get a surveyor."},{"speaker":"Anthane Richie","startTime":1510.029,"endTime":1513.839,"body":"And then I also had to get a"},{"speaker":"Anthane Richie","startTime":1510.029,"endTime":1513.839,"body":"architect to draw out the plan before."},{"speaker":"Average Joe Finances","startTime":1514.589,"endTime":1516.059,"body":"So"},{"speaker":"Average Joe Finances","startTime":1514.589,"endTime":1516.059,"body":"you're going to turn a single"},{"speaker":"Average Joe Finances","startTime":1516.059,"endTime":1518.039,"body":"family home into a duplex then."},{"speaker":"Anthane Richie","startTime":1518.999,"endTime":1519.539,"body":"Essentially."},{"speaker":"Anthane Richie","startTime":1519.539,"endTime":1519.749,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":1519.749,"endTime":1522.629,"body":"So a single family home"},{"speaker":"Anthane Richie","startTime":1519.749,"endTime":1522.629,"body":"will be it's the big, short."},{"speaker":"Anthane Richie","startTime":1522.629,"endTime":1523.169,"body":"Term rental."},{"speaker":"Anthane Richie","startTime":1523.169,"endTime":1525.919,"body":"And then the standalone garage"},{"speaker":"Anthane Richie","startTime":1523.169,"endTime":1525.919,"body":"will be the studio where I"},{"speaker":"Anthane Richie","startTime":1525.919,"endTime":1527.259,"body":"charged like 75 bucks a night."},{"speaker":"Average Joe Finances","startTime":1527.287,"endTime":1530.177,"body":"Is that where"},{"speaker":"Average Joe Finances","startTime":1527.287,"endTime":1530.177,"body":"the 1 75 comes in a hundred for the,"},{"speaker":"Anthane Richie","startTime":1530.327,"endTime":1530.776,"body":"oh no."},{"speaker":"Anthane Richie","startTime":1530.776,"endTime":1533.96,"body":"75 was only, that was only talking"},{"speaker":"Anthane Richie","startTime":1530.776,"endTime":1533.96,"body":"about the the single family portion."},{"speaker":"Average Joe Finances","startTime":1535.37,"endTime":1536.021,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1536.048,"endTime":1539.408,"body":"So we're actually talking about a"},{"speaker":"Average Joe Finances","startTime":1536.048,"endTime":1539.408,"body":"higher number then if that's the case."},{"speaker":"Average Joe Finances","startTime":1540.343,"endTime":1541.273,"body":"Ah, come on, man."},{"speaker":"Average Joe Finances","startTime":1541.273,"endTime":1542.083,"body":"You're killing me here."},{"speaker":"Average Joe Finances","startTime":1542.143,"endTime":1542.773,"body":"That's awesome."},{"speaker":"Anthane Richie","startTime":1543.033,"endTime":1544.473,"body":"I was actually,"},{"speaker":"Anthane Richie","startTime":1543.033,"endTime":1544.473,"body":"yeah, I forgot about that."},{"speaker":"Anthane Richie","startTime":1544.483,"endTime":1546.313,"body":"Cause that was the big house."},{"speaker":"Anthane Richie","startTime":1546.963,"endTime":1551.053,"body":"When you do air DNA, it only"},{"speaker":"Anthane Richie","startTime":1546.963,"endTime":1551.053,"body":"takes a consideration the house."},{"speaker":"Anthane Richie","startTime":1551.293,"endTime":1553.703,"body":"It doesn't know that you're"},{"speaker":"Anthane Richie","startTime":1551.293,"endTime":1553.703,"body":"trying to convert the the garage."},{"speaker":"Average Joe Finances","startTime":1553.703,"endTime":1556.66,"body":"You got an air"},{"speaker":"Average Joe Finances","startTime":1553.703,"endTime":1556.66,"body":"DNA at I guess maybe put it in as like"},{"speaker":"Average Joe Finances","startTime":1556.66,"endTime":1558.475,"body":"a separate property, or a separate unit."},{"speaker":"Average Joe Finances","startTime":1559.015,"endTime":1559.435,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1559.645,"endTime":1559.915,"body":"And then."},{"speaker":"Average Joe Finances","startTime":1560.81,"endTime":1563.33,"body":"Tells you what you can get for"},{"speaker":"Average Joe Finances","startTime":1560.81,"endTime":1563.33,"body":"it because it might come back."},{"speaker":"Average Joe Finances","startTime":1563.36,"endTime":1565.19,"body":"So you can get more than a 75."},{"speaker":"Average Joe Finances","startTime":1565.75,"endTime":1567.65,"body":"I might come by and say,"},{"speaker":"Average Joe Finances","startTime":1565.75,"endTime":1567.65,"body":"Hey, you can get a hundred."},{"speaker":"Anthane Richie","startTime":1568.4,"endTime":1569.38,"body":"I did put it aside."},{"speaker":"Anthane Richie","startTime":1569.38,"endTime":1571.251,"body":"I didn't create cause you"},{"speaker":"Anthane Richie","startTime":1569.38,"endTime":1571.251,"body":"can do something like that."},{"speaker":"Anthane Richie","startTime":1571.251,"endTime":1572.511,"body":"You can add a property."},{"speaker":"Anthane Richie","startTime":1572.931,"endTime":1577.101,"body":"But what I did was I looked up what the"},{"speaker":"Anthane Richie","startTime":1572.931,"endTime":1577.101,"body":"average was for studios in the area."},{"speaker":"Anthane Richie","startTime":1577.461,"endTime":1579.579,"body":"And that's what I came up with 70 to 75."},{"speaker":"Anthane Richie","startTime":1580.914,"endTime":1584.484,"body":"And again, it can be adjusted based on"},{"speaker":"Anthane Richie","startTime":1580.914,"endTime":1584.484,"body":"the amenities, what you have in there."},{"speaker":"Anthane Richie","startTime":1584.904,"endTime":1589.854,"body":"But I got a coffee maker and a TV to"},{"speaker":"Anthane Richie","startTime":1584.904,"endTime":1589.854,"body":"comes out the wall and, wifi and Disney"},{"speaker":"Anthane Richie","startTime":1589.854,"endTime":1592.224,"body":"plus maybe I have to charge 80 bucks now."},{"speaker":"Average Joe Finances","startTime":1592.644,"endTime":1592.884,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1592.884,"endTime":1593.094,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1593.694,"endTime":1597.517,"body":"And it's amazing that you could just"},{"speaker":"Average Joe Finances","startTime":1593.694,"endTime":1597.517,"body":"put a little extra into it and get"},{"speaker":"Average Joe Finances","startTime":1597.517,"endTime":1602.677,"body":"that much more because that difference"},{"speaker":"Average Joe Finances","startTime":1597.517,"endTime":1602.677,"body":"that $10 difference from 70 to 80, like"},{"speaker":"Average Joe Finances","startTime":1602.677,"endTime":1608.411,"body":"might not seem like much, but over the"},{"speaker":"Average Joe Finances","startTime":1602.677,"endTime":1608.411,"body":"period of a year at a 60% occupancy"},{"speaker":"Average Joe Finances","startTime":1608.411,"endTime":1612.679,"body":"rate or 80% occupancy rate, like that's"},{"speaker":"Average Joe Finances","startTime":1608.411,"endTime":1612.679,"body":"going to pay off that's pretty good."},{"speaker":"Average Joe Finances","startTime":1612.679,"endTime":1615.374,"body":"Like you'll probably pay for"},{"speaker":"Average Joe Finances","startTime":1612.679,"endTime":1615.374,"body":"the TV or you'll probably pay"},{"speaker":"Average Joe Finances","startTime":1615.374,"endTime":1617.144,"body":"for that subscription right."},{"speaker":"Average Joe Finances","startTime":1617.174,"endTime":1617.684,"body":"Easily."},{"speaker":"Anthane Richie","startTime":1617.689,"endTime":1618.319,"body":"Yeah, you're right."},{"speaker":"Anthane Richie","startTime":1618.319,"endTime":1622.658,"body":"So 20 days out of the month, on average"},{"speaker":"Anthane Richie","startTime":1618.319,"endTime":1622.658,"body":"you're talking about $10 a night."},{"speaker":"Anthane Richie","startTime":1622.658,"endTime":1626.648,"body":"So $200, 200 times 12,"},{"speaker":"Anthane Richie","startTime":1622.658,"endTime":1626.648,"body":"and talking about a 2,400."},{"speaker":"Anthane Richie","startTime":1626.897,"endTime":1628.637,"body":"So actually 2,400, you've added to"},{"speaker":"Average Joe Finances","startTime":1630.167,"endTime":1633.517,"body":"paying 2,400 on"},{"speaker":"Average Joe Finances","startTime":1630.167,"endTime":1633.517,"body":"TV, then that's just insane in itself You"},{"speaker":"Average Joe Finances","startTime":1633.517,"endTime":1637.897,"body":"could probably get a really decent large"},{"speaker":"Average Joe Finances","startTime":1633.517,"endTime":1637.897,"body":"TV for a couple of hundred bucks to throw"},{"speaker":"Average Joe Finances","startTime":1637.897,"endTime":1640.537,"body":"in there and have a really nice setup."},{"speaker":"Average Joe Finances","startTime":1640.567,"endTime":1642.217,"body":"So yeah, that's, it's profitable."},{"speaker":"Anthane Richie","startTime":1642.847,"endTime":1643.087,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":1643.087,"endTime":1645.757,"body":"The cool thing I love about investing"},{"speaker":"Anthane Richie","startTime":1643.087,"endTime":1645.757,"body":"is that, and this is anything it's not,"},{"speaker":"Anthane Richie","startTime":1645.757,"endTime":1647.057,"body":"it doesn't just have to be real estate."},{"speaker":"Anthane Richie","startTime":1647.057,"endTime":1649.458,"body":"I think that the thing that gives"},{"speaker":"Anthane Richie","startTime":1647.057,"endTime":1649.458,"body":"people's like how much money they have"},{"speaker":"Anthane Richie","startTime":1649.458,"endTime":1653.568,"body":"to provide our front, but not focusing"},{"speaker":"Anthane Richie","startTime":1649.458,"endTime":1653.568,"body":"on how much could you get back in return."},{"speaker":"Anthane Richie","startTime":1654.588,"endTime":1660.455,"body":"And yeah, I paid $700 for that TV,"},{"speaker":"Anthane Richie","startTime":1654.588,"endTime":1660.455,"body":"but in, let's say another $7 a month."},{"speaker":"Anthane Richie","startTime":1660.455,"endTime":1662.321,"body":"It was at 7 99 for Disney plus, okay."},{"speaker":"Anthane Richie","startTime":1662.321,"endTime":1667.001,"body":"So now I paid another seven, 10,"},{"speaker":"Anthane Richie","startTime":1662.321,"endTime":1667.001,"body":"but they just raised the price."},{"speaker":"Anthane Richie","startTime":1667.031,"endTime":1667.891,"body":"Those crooks."},{"speaker":"Anthane Richie","startTime":1668.081,"endTime":1668.651,"body":"Now they did,"},{"speaker":"Anthane Richie","startTime":1669.751,"endTime":1670.691,"body":"My subscription"},{"speaker":"Average Joe Finances","startTime":1670.691,"endTime":1671.411,"body":"just renewed."},{"speaker":"Average Joe Finances","startTime":1671.411,"endTime":1673.451,"body":"It was, it used to be like 69 99."},{"speaker":"Average Joe Finances","startTime":1673.451,"endTime":1675.081,"body":"And then now it's 79 99."},{"speaker":"Anthane Richie","startTime":1675.15,"endTime":1675.75,"body":"It was coming."},{"speaker":"Anthane Richie","startTime":1675.84,"endTime":1677.55,"body":"I knew it was gonna stay"},{"speaker":"Anthane Richie","startTime":1675.84,"endTime":1677.55,"body":"down low for that long."},{"speaker":"Average Joe Finances","startTime":1678.33,"endTime":1679.17,"body":"The mouse don't play."},{"speaker":"Anthane Richie","startTime":1681.5,"endTime":1683.85,"body":"So yeah, now you"},{"speaker":"Anthane Richie","startTime":1681.5,"endTime":1683.85,"body":"get 2,400 back and now you've"},{"speaker":"Anthane Richie","startTime":1683.85,"endTime":1686.478,"body":"paid off that TV times three."},{"speaker":"Anthane Richie","startTime":1686.496,"endTime":1689.674,"body":"And you pay, oh, you paid it off in"},{"speaker":"Anthane Richie","startTime":1686.496,"endTime":1689.674,"body":"a quarter, first quarter of the year."},{"speaker":"Anthane Richie","startTime":1689.674,"endTime":1692.164,"body":"So you got to look at it like"},{"speaker":"Anthane Richie","startTime":1689.674,"endTime":1692.164,"body":"that when it comes to investing,"},{"speaker":"Average Joe Finances","startTime":1693.304,"endTime":1694.924,"body":"especially"},{"speaker":"Average Joe Finances","startTime":1693.304,"endTime":1694.924,"body":"in real estate, like you."},{"speaker":"Average Joe Finances","startTime":1696.199,"endTime":1699.559,"body":"Sure you can build your wealth relatively"},{"speaker":"Average Joe Finances","startTime":1696.199,"endTime":1699.559,"body":"quickly with real estate, but it's"},{"speaker":"Average Joe Finances","startTime":1699.559,"endTime":1701.089,"body":"definitely a get rich slow thing."},{"speaker":"Average Joe Finances","startTime":1701.479,"endTime":1704.39,"body":"It's not, you're gonna, you're going"},{"speaker":"Average Joe Finances","startTime":1701.479,"endTime":1704.39,"body":"to dump, some, a couple thousand"},{"speaker":"Average Joe Finances","startTime":1704.39,"endTime":1709.04,"body":"dollars or 20, $30,000 into a"},{"speaker":"Average Joe Finances","startTime":1704.39,"endTime":1709.04,"body":"property and turn around and now"},{"speaker":"Average Joe Finances","startTime":1709.25,"endTime":1710.72,"body":"your net worth is a million dollars."},{"speaker":"Average Joe Finances","startTime":1710.72,"endTime":1712.97,"body":"No, you're going to have"},{"speaker":"Average Joe Finances","startTime":1710.72,"endTime":1712.97,"body":"to do that for quite a few"},{"speaker":"Average Joe Finances","startTime":1712.97,"endTime":1714.14,"body":"properties before you get there."},{"speaker":"Average Joe Finances","startTime":1714.14,"endTime":1719.568,"body":"But at the same time, every year, That"},{"speaker":"Average Joe Finances","startTime":1714.14,"endTime":1719.568,"body":"goes by that somebody else is paying"},{"speaker":"Average Joe Finances","startTime":1719.568,"endTime":1724.068,"body":"down your mortgage and increasing"},{"speaker":"Average Joe Finances","startTime":1719.568,"endTime":1724.068,"body":"your equity in that house every year,"},{"speaker":"Average Joe Finances","startTime":1724.068,"endTime":1728.068,"body":"that goes by for each property, you"},{"speaker":"Average Joe Finances","startTime":1724.068,"endTime":1728.068,"body":"have your net worth is jumping and"},{"speaker":"Average Joe Finances","startTime":1728.068,"endTime":1732.058,"body":"jumping and jumping to the point where"},{"speaker":"Average Joe Finances","startTime":1728.068,"endTime":1732.058,"body":"you have enough properties to where."},{"speaker":"Average Joe Finances","startTime":1732.553,"endTime":1735.043,"body":"Every year, it's jumping significantly."},{"speaker":"Average Joe Finances","startTime":1735.463,"endTime":1739.153,"body":"And that's where you build your wealth"},{"speaker":"Average Joe Finances","startTime":1735.463,"endTime":1739.153,"body":"investing in real estate, right?"},{"speaker":"Average Joe Finances","startTime":1739.153,"endTime":1743.705,"body":"It's not like I'm going to go all in on"},{"speaker":"Average Joe Finances","startTime":1739.153,"endTime":1743.705,"body":"doge coin at, half a cent and then it goes"},{"speaker":"Average Joe Finances","startTime":1743.705,"endTime":1745.535,"body":"up to 60 cents and now I'm a millionaire."},{"speaker":"Average Joe Finances","startTime":1745.895,"endTime":1746.935,"body":"That's, it's not like that."},{"speaker":"Average Joe Finances","startTime":1747.85,"endTime":1751.031,"body":"Now those are all speculations of"},{"speaker":"Average Joe Finances","startTime":1747.85,"endTime":1751.031,"body":"people getting lucky, but at the"},{"speaker":"Average Joe Finances","startTime":1751.031,"endTime":1755.204,"body":"same time you go into real estate,"},{"speaker":"Average Joe Finances","startTime":1751.031,"endTime":1755.204,"body":"like it's a process, but it's a"},{"speaker":"Average Joe Finances","startTime":1755.204,"endTime":1757.854,"body":"process that you can control, right?"},{"speaker":"Average Joe Finances","startTime":1757.854,"endTime":1762.024,"body":"You don't have to worry about too"},{"speaker":"Average Joe Finances","startTime":1757.854,"endTime":1762.024,"body":"many outside entities affecting."},{"speaker":"Average Joe Finances","startTime":1762.679,"endTime":1764.539,"body":"What you can make and profitability."},{"speaker":"Average Joe Finances","startTime":1764.539,"endTime":1764.869,"body":"Sure."},{"speaker":"Average Joe Finances","startTime":1764.899,"endTime":1767.599,"body":"There, the real estate"},{"speaker":"Average Joe Finances","startTime":1764.899,"endTime":1767.599,"body":"market is its own beast."},{"speaker":"Average Joe Finances","startTime":1767.646,"endTime":1771.426,"body":"But at the same time, it's a lot"},{"speaker":"Average Joe Finances","startTime":1767.646,"endTime":1771.426,"body":"easier to follow when you're trying"},{"speaker":"Average Joe Finances","startTime":1771.426,"endTime":1775.806,"body":"to project how much equity or how much"},{"speaker":"Average Joe Finances","startTime":1771.426,"endTime":1775.806,"body":"appreciation you can make in a house."},{"speaker":"Average Joe Finances","startTime":1775.81,"endTime":1778.709,"body":"You can look at your amortization"},{"speaker":"Average Joe Finances","startTime":1775.81,"endTime":1778.709,"body":"table and figure out how much"},{"speaker":"Average Joe Finances","startTime":1778.739,"endTime":1781.169,"body":"equity are you going to have"},{"speaker":"Average Joe Finances","startTime":1778.739,"endTime":1781.169,"body":"in the next two or three years?"},{"speaker":"Average Joe Finances","startTime":1781.251,"endTime":1784.341,"body":"Hey, I know if I need to do a"},{"speaker":"Average Joe Finances","startTime":1781.251,"endTime":1784.341,"body":"cash out refi five years from"},{"speaker":"Average Joe Finances","startTime":1784.341,"endTime":1785.481,"body":"now and pull some money out."},{"speaker":"Average Joe Finances","startTime":1785.721,"endTime":1791.736,"body":"I could probably pull t his much out,"},{"speaker":"Average Joe Finances","startTime":1785.721,"endTime":1791.736,"body":"based off of an 80% loan to value ratio."},{"speaker":"Average Joe Finances","startTime":1791.752,"endTime":1796.274,"body":"So it just, there's a lot more, you"},{"speaker":"Average Joe Finances","startTime":1791.752,"endTime":1796.274,"body":"can play around with versus just"},{"speaker":"Average Joe Finances","startTime":1796.274,"endTime":1799.664,"body":"investing in like a single stock"},{"speaker":"Average Joe Finances","startTime":1796.274,"endTime":1799.664,"body":"or a crypto or something like that."},{"speaker":"Average Joe Finances","startTime":1799.934,"endTime":1802.366,"body":"So there's so many different things"},{"speaker":"Average Joe Finances","startTime":1799.934,"endTime":1802.366,"body":"and there's so many different"},{"speaker":"Average Joe Finances","startTime":1802.366,"endTime":1805.321,"body":"things in real estate that you"},{"speaker":"Average Joe Finances","startTime":1802.366,"endTime":1805.321,"body":"can do that are profitable."},{"speaker":"Average Joe Finances","startTime":1805.35,"endTime":1807.445,"body":"So an example with Starting off, right?"},{"speaker":"Average Joe Finances","startTime":1807.475,"endTime":1808.915,"body":"Like you had that triplex, right?"},{"speaker":"Average Joe Finances","startTime":1808.915,"endTime":1809.675,"body":"That you house hacked."},{"speaker":"Average Joe Finances","startTime":1809.695,"endTime":1813.025,"body":"House hacking is one thing, but then"},{"speaker":"Average Joe Finances","startTime":1809.695,"endTime":1813.025,"body":"you moved out and now you're renting"},{"speaker":"Average Joe Finances","startTime":1813.025,"endTime":1817.285,"body":"all three units out and boom, now"},{"speaker":"Average Joe Finances","startTime":1813.025,"endTime":1817.285,"body":"you've got three rental properties"},{"speaker":"Average Joe Finances","startTime":1817.285,"endTime":1819.025,"body":"right now that's cash flowing."},{"speaker":"Average Joe Finances","startTime":1819.385,"endTime":1822.922,"body":"Now, you're going to, you're going"},{"speaker":"Average Joe Finances","startTime":1819.385,"endTime":1822.922,"body":"to do a Airbnb that you're BRRRR it."},{"speaker":"Average Joe Finances","startTime":1822.976,"endTime":1827.656,"body":"So you're gonna have this BRRRRNB"},{"speaker":"Average Joe Finances","startTime":1822.976,"endTime":1827.656,"body":"it's a whole different kind of"},{"speaker":"Average Joe Finances","startTime":1827.656,"endTime":1829.546,"body":"way of investing in real estate."},{"speaker":"Average Joe Finances","startTime":1829.936,"endTime":1833.206,"body":"That's going to be probably more"},{"speaker":"Average Joe Finances","startTime":1829.936,"endTime":1833.206,"body":"profitable than your investments that"},{"speaker":"Average Joe Finances","startTime":1833.206,"endTime":1837.496,"body":"you have, but, and to be fair though,"},{"speaker":"Average Joe Finances","startTime":1833.206,"endTime":1837.496,"body":"it's gonna be a little more work."},{"speaker":"Average Joe Finances","startTime":1837.496,"endTime":1839.913,"body":"Like you have to be active in that,"},{"speaker":"Average Joe Finances","startTime":1837.496,"endTime":1839.913,"body":"as people are coming to go into"},{"speaker":"Average Joe Finances","startTime":1839.913,"endTime":1842.523,"body":"there's turnovers and stuff like"},{"speaker":"Average Joe Finances","startTime":1839.913,"endTime":1842.523,"body":"that, it's a little more active."},{"speaker":"Average Joe Finances","startTime":1842.553,"endTime":1843.621,"body":"But that's the thing."},{"speaker":"Average Joe Finances","startTime":1844.411,"endTime":1848.37,"body":"Anything that you're involved in, the"},{"speaker":"Average Joe Finances","startTime":1844.411,"endTime":1848.37,"body":"more active you are most likely the"},{"speaker":"Average Joe Finances","startTime":1848.52,"endTime":1851.67,"body":"better return on investment you're going"},{"speaker":"Average Joe Finances","startTime":1848.52,"endTime":1851.67,"body":"to get, versus where the stuff that's"},{"speaker":"Average Joe Finances","startTime":1851.67,"endTime":1855.571,"body":"a little more standoffish, the more"},{"speaker":"Average Joe Finances","startTime":1851.67,"endTime":1855.571,"body":"passive you get, the less you'll get back."},{"speaker":"Average Joe Finances","startTime":1855.584,"endTime":1857.114,"body":"So that's just one of the"},{"speaker":"Average Joe Finances","startTime":1855.584,"endTime":1857.114,"body":"things to keep in mind."},{"speaker":"Average Joe Finances","startTime":1857.114,"endTime":1860.924,"body":"But at the same time, there's so many"},{"speaker":"Average Joe Finances","startTime":1857.114,"endTime":1860.924,"body":"different things you can do in real"},{"speaker":"Average Joe Finances","startTime":1860.924,"endTime":1864.134,"body":"estate versus like other asset classes."},{"speaker":"Average Joe Finances","startTime":1864.134,"endTime":1865.784,"body":"And that's one of the things"},{"speaker":"Average Joe Finances","startTime":1864.134,"endTime":1865.784,"body":"that I love about it so much."},{"speaker":"Average Joe Finances","startTime":1865.784,"endTime":1871.514,"body":"It's just, you can diversify your"},{"speaker":"Average Joe Finances","startTime":1865.784,"endTime":1871.514,"body":"investments and stay strictly in"},{"speaker":"Average Joe Finances","startTime":1871.514,"endTime":1875.684,"body":"real estate and not go into anything"},{"speaker":"Average Joe Finances","startTime":1871.514,"endTime":1875.684,"body":"else you can get into different"},{"speaker":"Average Joe Finances","startTime":1875.684,"endTime":1879.764,"body":"neighborhoods, different states,"},{"speaker":"Average Joe Finances","startTime":1875.684,"endTime":1879.764,"body":"different kinds of properties."},{"speaker":"Average Joe Finances","startTime":1879.764,"endTime":1884.714,"body":"You could be in mobile home parks in one"},{"speaker":"Average Joe Finances","startTime":1879.764,"endTime":1884.714,"body":"property, apartment a in one state, a"},{"speaker":"Average Joe Finances","startTime":1884.714,"endTime":1886.544,"body":"apartment complex is in another state."},{"speaker":"Average Joe Finances","startTime":1886.874,"endTime":1890.834,"body":"And in a, in another area that's"},{"speaker":"Average Joe Finances","startTime":1886.874,"endTime":1890.834,"body":"very like a big for tourists."},{"speaker":"Average Joe Finances","startTime":1891.014,"endTime":1892.874,"body":"You can have a whole"},{"speaker":"Average Joe Finances","startTime":1891.014,"endTime":1892.874,"body":"bunch of vacation rentals."},{"speaker":"Average Joe Finances","startTime":1893.114,"endTime":1896.534,"body":"So there's so many different ways"},{"speaker":"Average Joe Finances","startTime":1893.114,"endTime":1896.534,"body":"you can diversify your real estate"},{"speaker":"Average Joe Finances","startTime":1896.534,"endTime":1898.634,"body":"portfolio to just make it where."},{"speaker":"Average Joe Finances","startTime":1898.672,"endTime":1901.894,"body":"If something happens, you're still"},{"speaker":"Average Joe Finances","startTime":1898.672,"endTime":1901.894,"body":"in a pretty good and safe spot."},{"speaker":"Average Joe Finances","startTime":1902.314,"endTime":1903.429,"body":"So is that fair to say?"},{"speaker":"Anthane Richie","startTime":1903.909,"endTime":1904.839,"body":"No, it is fair to say."},{"speaker":"Anthane Richie","startTime":1904.839,"endTime":1907.807,"body":"And you made me think about"},{"speaker":"Anthane Richie","startTime":1904.839,"endTime":1907.807,"body":"another thought process that I had."},{"speaker":"Anthane Richie","startTime":1907.891,"endTime":1910.411,"body":"I found it easier when I say easier."},{"speaker":"Anthane Richie","startTime":1910.501,"endTime":1915.421,"body":"It was not as far as labor, it was"},{"speaker":"Anthane Richie","startTime":1910.501,"endTime":1915.421,"body":"definitely harder but easier to, for"},{"speaker":"Anthane Richie","startTime":1915.421,"endTime":1917.491,"body":"my sanity to manage my own properties."},{"speaker":"Anthane Richie","startTime":1918.541,"endTime":1921.556,"body":"And so for the five units that"},{"speaker":"Anthane Richie","startTime":1918.541,"endTime":1921.556,"body":"I was managing I don't remember"},{"speaker":"Anthane Richie","startTime":1921.556,"endTime":1922.516,"body":"the net off the top of my head."},{"speaker":"Anthane Richie","startTime":1923.701,"endTime":1926.011,"body":"But the cash the revenue was about."},{"speaker":"Anthane Richie","startTime":1926.071,"endTime":1928.831,"body":"I think I was about 57 between five units."},{"speaker":"Anthane Richie","startTime":1928.864,"endTime":1932.357,"body":"And when I did the math with"},{"speaker":"Anthane Richie","startTime":1928.864,"endTime":1932.357,"body":"the BRRRRNB the revenue was"},{"speaker":"Anthane Richie","startTime":1932.357,"endTime":1934.427,"body":"like 53, something like that."},{"speaker":"Anthane Richie","startTime":1934.544,"endTime":1937.154,"body":"So something like that,"},{"speaker":"Anthane Richie","startTime":1934.544,"endTime":1937.154,"body":"something very close to that."},{"speaker":"Anthane Richie","startTime":1937.544,"endTime":1940.569,"body":"And so I was just like, yeah,"},{"speaker":"Anthane Richie","startTime":1937.544,"endTime":1940.569,"body":"I got to, it's a day-to-day"},{"speaker":"Anthane Richie","startTime":1940.569,"endTime":1945.429,"body":"turnover, but I'm trading in me"},{"speaker":"Anthane Richie","startTime":1940.569,"endTime":1945.429,"body":"managing five different tenants."},{"speaker":"Anthane Richie","startTime":1946.314,"endTime":1950.992,"body":"On a monthly basis to just, one stop"},{"speaker":"Anthane Richie","startTime":1946.314,"endTime":1950.992,"body":"shop, probably people coming in and"},{"speaker":"Anthane Richie","startTime":1950.992,"endTime":1952.942,"body":"maybe top two to three days at a time."},{"speaker":"Anthane Richie","startTime":1953.332,"endTime":1955.702,"body":"And now, and then I"},{"speaker":"Anthane Richie","startTime":1953.332,"endTime":1955.702,"body":"get to do other things."},{"speaker":"Anthane Richie","startTime":1955.702,"endTime":1958.762,"body":"And so I was like, I like this"},{"speaker":"Anthane Richie","startTime":1955.702,"endTime":1958.762,"body":"better where I'm getting more"},{"speaker":"Anthane Richie","startTime":1958.762,"endTime":1963.823,"body":"cash on a single family, one unit"},{"speaker":"Anthane Richie","startTime":1958.762,"endTime":1963.823,"body":"and adding that studio is well by"},{"speaker":"Anthane Richie","startTime":1964.123,"endTime":1965.863,"body":"running those five different units."},{"speaker":"Average Joe Finances","startTime":1966.193,"endTime":1966.373,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1966.373,"endTime":1969.924,"body":"And something, I want to point out on"},{"speaker":"Average Joe Finances","startTime":1966.373,"endTime":1969.924,"body":"that too, is, managing it yourself."},{"speaker":"Average Joe Finances","startTime":1969.924,"endTime":1974.121,"body":"Of course more of a return, but"},{"speaker":"Average Joe Finances","startTime":1969.924,"endTime":1974.121,"body":"with the amount of profits at this"},{"speaker":"Average Joe Finances","startTime":1974.121,"endTime":1975.951,"body":"property has the potential to make."},{"speaker":"Average Joe Finances","startTime":1976.131,"endTime":1980.417,"body":"If you ever get sick of it, you could"},{"speaker":"Average Joe Finances","startTime":1976.131,"endTime":1980.417,"body":"easily hire a manager, to take care of"},{"speaker":"Average Joe Finances","startTime":1980.417,"endTime":1984.694,"body":"that for you and just, have them give"},{"speaker":"Average Joe Finances","startTime":1980.417,"endTime":1984.694,"body":"you updates as things go, because you'll."},{"speaker":"Average Joe Finances","startTime":1984.743,"endTime":1986.963,"body":"It's profitable enough to do that."},{"speaker":"Average Joe Finances","startTime":1987.233,"endTime":1988.8,"body":"But at the same time,"},{"speaker":"Average Joe Finances","startTime":1987.233,"endTime":1988.8,"body":"you live right there."},{"speaker":"Average Joe Finances","startTime":1988.8,"endTime":1992.37,"body":"So it's pretty easy if you want to jump"},{"speaker":"Average Joe Finances","startTime":1988.8,"endTime":1992.37,"body":"in and keep taking care of it yourself,"},{"speaker":"Average Joe Finances","startTime":1992.4,"endTime":1995.502,"body":"but that's one of the beautiful things"},{"speaker":"Average Joe Finances","startTime":1992.4,"endTime":1995.502,"body":"is you could do it on your own for now."},{"speaker":"Average Joe Finances","startTime":1995.502,"endTime":1997.968,"body":"And then if you decide, ah, I'm"},{"speaker":"Average Joe Finances","startTime":1995.502,"endTime":1997.968,"body":"getting tired of doing these"},{"speaker":"Average Joe Finances","startTime":1997.968,"endTime":1999.828,"body":"turnovers every four or five days."},{"speaker":"Average Joe Finances","startTime":2000.218,"endTime":2003.038,"body":"And I want to, I want this to"},{"speaker":"Average Joe Finances","startTime":2000.218,"endTime":2003.038,"body":"be someone else's headache."},{"speaker":"Average Joe Finances","startTime":2003.038,"endTime":2004.868,"body":"Let me hire a manager for this."},{"speaker":"Average Joe Finances","startTime":2005.198,"endTime":2006.038,"body":"You can totally do it."},{"speaker":"Anthane Richie","startTime":2006.141,"endTime":2010.221,"body":"I know I already"},{"speaker":"Anthane Richie","startTime":2006.141,"endTime":2010.221,"body":"know about a year once I master."},{"speaker":"Anthane Richie","startTime":2010.231,"endTime":2010.371,"body":"So"},{"speaker":"Average Joe Finances","startTime":2010.371,"endTime":2011.871,"body":"if you don't"},{"speaker":"Average Joe Finances","startTime":2010.371,"endTime":2011.871,"body":"want a mural, probably make it."},{"speaker":"Average Joe Finances","startTime":2011.871,"endTime":2014.371,"body":"She be like, Hey, I'm done"},{"speaker":"Average Joe Finances","startTime":2011.871,"endTime":2014.371,"body":"with, I'm done with you spending"},{"speaker":"Average Joe Finances","startTime":2014.371,"endTime":2016.095,"body":"all this time on this Airbnb."},{"speaker":"Anthane Richie","startTime":2016.845,"endTime":2017.085,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":2017.115,"endTime":2017.305,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":2017.325,"endTime":2019.761,"body":"So family family makes"},{"speaker":"Anthane Richie","startTime":2017.325,"endTime":2019.761,"body":"you really reconsider."},{"speaker":"Anthane Richie","startTime":2020.211,"endTime":2022.701,"body":"I'm not saying this is"},{"speaker":"Anthane Richie","startTime":2020.211,"endTime":2022.701,"body":"everybody's case, but family to"},{"speaker":"Anthane Richie","startTime":2022.701,"endTime":2024.111,"body":"me makes me reconsider my time."},{"speaker":"Anthane Richie","startTime":2024.141,"endTime":2029.726,"body":"And so after I've done something for"},{"speaker":"Anthane Richie","startTime":2024.141,"endTime":2029.726,"body":"a certain amount of time and I justify"},{"speaker":"Anthane Richie","startTime":2029.726,"endTime":2033.506,"body":"the profits to a mirror like, Hey look,"},{"speaker":"Anthane Richie","startTime":2029.726,"endTime":2033.506,"body":"babe, I've been, I know I've been at"},{"speaker":"Anthane Richie","startTime":2033.506,"endTime":2037.092,"body":"this computer a lot, but look how much"},{"speaker":"Anthane Richie","startTime":2033.506,"endTime":2037.092,"body":"money it's making after about a year or"},{"speaker":"Anthane Richie","startTime":2037.092,"endTime":2041.662,"body":"two, she's looking at me like, Hey, I"},{"speaker":"Anthane Richie","startTime":2037.092,"endTime":2041.662,"body":"need you to figure out how can you still"},{"speaker":"Anthane Richie","startTime":2041.662,"endTime":2045.402,"body":"make this money, but passively to where"},{"speaker":"Anthane Richie","startTime":2041.662,"endTime":2045.402,"body":"you can still spend time with family"},{"speaker":"Anthane Richie","startTime":2045.402,"endTime":2046.992,"body":"because it was the point of me doing this."},{"speaker":"Anthane Richie","startTime":2046.992,"endTime":2051.176,"body":"It was so that I can have the time,"},{"speaker":"Anthane Richie","startTime":2046.992,"endTime":2051.176,"body":"the luxury to spend time with family"},{"speaker":"Anthane Richie","startTime":2051.176,"endTime":2052.656,"body":"and not trading time for money."},{"speaker":"Anthane Richie","startTime":2052.656,"endTime":2055.731,"body":"Because once we get out the military,"},{"speaker":"Anthane Richie","startTime":2052.656,"endTime":2055.731,"body":"I don't plan to work for anybody again."},{"speaker":"Anthane Richie","startTime":2055.737,"endTime":2059.671,"body":"I'm con by contract, I'm at work"},{"speaker":"Anthane Richie","startTime":2055.737,"endTime":2059.671,"body":"today or Monday through Friday"},{"speaker":"Anthane Richie","startTime":2059.729,"endTime":2061.109,"body":"minus this 96, we got coming up."},{"speaker":"Anthane Richie","startTime":2061.259,"endTime":2062.338,"body":"We'll be good for Thanksgiving."},{"speaker":"Anthane Richie","startTime":2062.338,"endTime":2063.402,"body":"That's my thought process."},{"speaker":"Anthane Richie","startTime":2063.402,"endTime":2065.802,"body":"Once I figure something out,"},{"speaker":"Anthane Richie","startTime":2063.402,"endTime":2065.802,"body":"man, I really tried to figure out"},{"speaker":"Anthane Richie","startTime":2065.802,"endTime":2067.362,"body":"ways to where I can out contract."},{"speaker":"Anthane Richie","startTime":2067.362,"endTime":2070.932,"body":"And so virtual assistant was the first"},{"speaker":"Anthane Richie","startTime":2067.362,"endTime":2070.932,"body":"entertain in my mind to manage that"},{"speaker":"Anthane Richie","startTime":2070.932,"endTime":2073.405,"body":"account and pay $2 an hour or something."},{"speaker":"Both","startTime":2073.696,"endTime":2077.352,"body":"It'll probably been more than that,"},{"speaker":"Both","startTime":2073.696,"endTime":2077.352,"body":"but for the Philippines, so yeah, I know"},{"speaker":"Both","startTime":2077.352,"endTime":2078.312,"body":"I'm saying you probably can more than"},{"speaker":"Average Joe Finances","startTime":2078.45,"endTime":2081.2,"body":"I love to outsource"},{"speaker":"Average Joe Finances","startTime":2078.45,"endTime":2081.2,"body":"things whenever I can, excuse me."},{"speaker":"Average Joe Finances","startTime":2081.2,"endTime":2084.143,"body":"So it's so I just hired a new"},{"speaker":"Average Joe Finances","startTime":2081.2,"endTime":2084.143,"body":"virtual assistant to help me run"},{"speaker":"Average Joe Finances","startTime":2084.143,"endTime":2086.093,"body":"stuff with Average Joe Finances and."},{"speaker":"Average Joe Finances","startTime":2086.127,"endTime":2087.957,"body":"This one has been absolutely phenomenal."},{"speaker":"Average Joe Finances","startTime":2088.407,"endTime":2092.453,"body":"And and I'm paying more than"},{"speaker":"Average Joe Finances","startTime":2088.407,"endTime":2092.453,"body":"$2 an hour but she's been great"},{"speaker":"Average Joe Finances","startTime":2092.453,"endTime":2093.863,"body":"and really helping me out a lot."},{"speaker":"Average Joe Finances","startTime":2093.893,"endTime":2097.7,"body":"And I think it's super important"},{"speaker":"Average Joe Finances","startTime":2093.893,"endTime":2097.7,"body":"that, for anybody that's an investor,"},{"speaker":"Average Joe Finances","startTime":2097.7,"endTime":2100.26,"body":"you're going to put this time into"},{"speaker":"Average Joe Finances","startTime":2097.7,"endTime":2100.26,"body":"whatever it is you're trying to do"},{"speaker":"Average Joe Finances","startTime":2100.26,"endTime":2101.43,"body":"or whatever you're trying to build."},{"speaker":"Average Joe Finances","startTime":2101.97,"endTime":2104.893,"body":"Remember the why, the reason why"},{"speaker":"Average Joe Finances","startTime":2101.97,"endTime":2104.893,"body":"you're doing it for me, it was to"},{"speaker":"Average Joe Finances","startTime":2104.893,"endTime":2106.783,"body":"stop trading so much time for money."},{"speaker":"Average Joe Finances","startTime":2106.824,"endTime":2107.891,"body":"I want to be able to take my money."},{"speaker":"Average Joe Finances","startTime":2108.386,"endTime":2109.496,"body":"And trade it for time."},{"speaker":"Average Joe Finances","startTime":2109.736,"endTime":2112.646,"body":"I want to be able to have enough that I"},{"speaker":"Average Joe Finances","startTime":2109.736,"endTime":2112.646,"body":"could trade that money for time, which is"},{"speaker":"Average Joe Finances","startTime":2112.646,"endTime":2114.356,"body":"what I do when I outsource certain things."},{"speaker":"Average Joe Finances","startTime":2114.626,"endTime":2117.77,"body":"So that is definitely something"},{"speaker":"Average Joe Finances","startTime":2114.626,"endTime":2117.77,"body":"that, to keep in mind sure."},{"speaker":"Average Joe Finances","startTime":2117.77,"endTime":2121.58,"body":"It might be great to start and get"},{"speaker":"Average Joe Finances","startTime":2117.77,"endTime":2121.58,"body":"more profits that way to start, but"},{"speaker":"Average Joe Finances","startTime":2121.58,"endTime":2125.45,"body":"then you gotta find that happy medium"},{"speaker":"Average Joe Finances","startTime":2121.58,"endTime":2125.45,"body":"where, Hey, where do I scale back?"},{"speaker":"Average Joe Finances","startTime":2125.905,"endTime":2127.585,"body":"To get some of that time"},{"speaker":"Average Joe Finances","startTime":2125.905,"endTime":2127.585,"body":"back with my family."},{"speaker":"Average Joe Finances","startTime":2127.585,"endTime":2128.864,"body":"So I'm really glad that"},{"speaker":"Average Joe Finances","startTime":2127.585,"endTime":2128.864,"body":"we're touching on this."},{"speaker":"Average Joe Finances","startTime":2128.864,"endTime":2130.307,"body":"Cause that is a big thing."},{"speaker":"Average Joe Finances","startTime":2130.33,"endTime":2132.91,"body":"Cause I, I have those"},{"speaker":"Average Joe Finances","startTime":2130.33,"endTime":2132.91,"body":"same conversations here."},{"speaker":"Average Joe Finances","startTime":2132.981,"endTime":2135.059,"body":"It's all about Hey, we want to"},{"speaker":"Average Joe Finances","startTime":2132.981,"endTime":2135.059,"body":"go do something this weekend."},{"speaker":"Average Joe Finances","startTime":2135.069,"endTime":2139.617,"body":"I'm like, oh, I've got ABC or D or"},{"speaker":"Average Joe Finances","startTime":2135.069,"endTime":2139.617,"body":"whatever, so the way I'm looking at"},{"speaker":"Average Joe Finances","startTime":2139.617,"endTime":2143.997,"body":"it is like I've got about another"},{"speaker":"Average Joe Finances","startTime":2139.617,"endTime":2143.997,"body":"nine or 10 more months of like really."},{"speaker":"Average Joe Finances","startTime":2145.207,"endTime":2150.394,"body":"Pushing hard doing like my time in"},{"speaker":"Average Joe Finances","startTime":2145.207,"endTime":2150.394,"body":"the Navy, as well as the podcast"},{"speaker":"Average Joe Finances","startTime":2150.394,"endTime":2151.894,"body":"and investing and being a realtor."},{"speaker":"Average Joe Finances","startTime":2152.464,"endTime":2155.693,"body":"And then after I retire from the"},{"speaker":"Average Joe Finances","startTime":2152.464,"endTime":2155.693,"body":"Navy, like that's when I can finally"},{"speaker":"Average Joe Finances","startTime":2155.723,"endTime":2160.283,"body":"really step back and breathe and I"},{"speaker":"Average Joe Finances","startTime":2155.723,"endTime":2160.283,"body":"could focus strictly on investing the"},{"speaker":"Average Joe Finances","startTime":2160.283,"endTime":2163.543,"body":"podcast and being a real estate agent"},{"speaker":"Average Joe Finances","startTime":2160.283,"endTime":2163.543,"body":"and getting some of that time back."},{"speaker":"Average Joe Finances","startTime":2163.783,"endTime":2168.169,"body":"And I don't plan on, on I'm not trying"},{"speaker":"Average Joe Finances","startTime":2163.783,"endTime":2168.169,"body":"to be like the top agent in Hawaii."},{"speaker":"Average Joe Finances","startTime":2168.169,"endTime":2171.649,"body":"Like I'm not trying to be like,"},{"speaker":"Average Joe Finances","startTime":2168.169,"endTime":2171.649,"body":"whatever I just need to sell a couple"},{"speaker":"Average Joe Finances","startTime":2171.649,"endTime":2173.539,"body":"of homes per year and I'm happy."},{"speaker":"Average Joe Finances","startTime":2173.929,"endTime":2175.542,"body":"And and that's where I want to be at."},{"speaker":"Average Joe Finances","startTime":2175.542,"endTime":2178.332,"body":"And as a matter of fact, I"},{"speaker":"Average Joe Finances","startTime":2175.542,"endTime":2178.332,"body":"want to be at the point where I"},{"speaker":"Average Joe Finances","startTime":2178.362,"endTime":2179.652,"body":"don't even have to sell a home."},{"speaker":"Average Joe Finances","startTime":2179.652,"endTime":2183.072,"body":"And I'm actually very close to being"},{"speaker":"Average Joe Finances","startTime":2179.652,"endTime":2183.072,"body":"there where I don't even have to worry"},{"speaker":"Average Joe Finances","startTime":2183.072,"endTime":2185.172,"body":"about selling one property at all."},{"speaker":"Average Joe Finances","startTime":2185.172,"endTime":2187.702,"body":"That if I do it cool, that's, lunch money."},{"speaker":"Average Joe Finances","startTime":2187.713,"endTime":2189.003,"body":"So things like that."},{"speaker":"Average Joe Finances","startTime":2189.043,"endTime":2192.83,"body":"That's kinda, why I've been pushing"},{"speaker":"Average Joe Finances","startTime":2189.043,"endTime":2192.83,"body":"so hard with everything else and I"},{"speaker":"Average Joe Finances","startTime":2192.83,"endTime":2193.88,"body":"see you doing the same thing, man."},{"speaker":"Average Joe Finances","startTime":2193.88,"endTime":2194.54,"body":"That's why I love it."},{"speaker":"Average Joe Finances","startTime":2194.597,"endTime":2198.057,"body":"I love having these conversations"},{"speaker":"Average Joe Finances","startTime":2194.597,"endTime":2198.057,"body":"with you and I was jokingly calling"},{"speaker":"Average Joe Finances","startTime":2198.057,"endTime":2201.733,"body":"it a rival before, but I think"},{"speaker":"Average Joe Finances","startTime":2198.057,"endTime":2201.733,"body":"it's more of a brotherhood, right?"},{"speaker":"Average Joe Finances","startTime":2201.733,"endTime":2204.925,"body":"Because, we constantly were having"},{"speaker":"Average Joe Finances","startTime":2201.733,"endTime":2204.925,"body":"conversations, whether it's over"},{"speaker":"Average Joe Finances","startTime":2204.925,"endTime":2208.375,"body":"messenger on the phone or just"},{"speaker":"Average Joe Finances","startTime":2204.925,"endTime":2208.375,"body":"passing ideas by each other."},{"speaker":"Average Joe Finances","startTime":2208.585,"endTime":2209.395,"body":"And I think it's important."},{"speaker":"Average Joe Finances","startTime":2209.9,"endTime":2213.53,"body":"Anybody that wants to get into this"},{"speaker":"Average Joe Finances","startTime":2209.9,"endTime":2213.53,"body":"type of space that you have other"},{"speaker":"Average Joe Finances","startTime":2213.53,"endTime":2217.28,"body":"people that you can talk to and"},{"speaker":"Average Joe Finances","startTime":2213.53,"endTime":2217.28,"body":"run ideas off of, or have somebody"},{"speaker":"Average Joe Finances","startTime":2217.28,"endTime":2218.717,"body":"say, Hey, that sounds stupid, man."},{"speaker":"Average Joe Finances","startTime":2218.717,"endTime":2219.227,"body":"Don't do that."},{"speaker":"Average Joe Finances","startTime":2219.227,"endTime":2221.927,"body":"Or you might be wasting your"},{"speaker":"Average Joe Finances","startTime":2219.227,"endTime":2221.927,"body":"time and your money, or, Hey, I"},{"speaker":"Average Joe Finances","startTime":2221.927,"endTime":2223.337,"body":"did this, it didn't really work."},{"speaker":"Average Joe Finances","startTime":2223.367,"endTime":2224.567,"body":"Maybe try this instead."},{"speaker":"Average Joe Finances","startTime":2224.693,"endTime":2227.683,"body":"Surround yourself with those"},{"speaker":"Average Joe Finances","startTime":2224.693,"endTime":2227.683,"body":"people that, that have the same"},{"speaker":"Average Joe Finances","startTime":2227.683,"endTime":2229.273,"body":"goals and aspirations as you."},{"speaker":"Average Joe Finances","startTime":2229.633,"endTime":2230.603,"body":"And that's why dude."},{"speaker":"Average Joe Finances","startTime":2230.623,"endTime":2231.853,"body":"I love talking to you."},{"speaker":"Average Joe Finances","startTime":2231.853,"endTime":2235.935,"body":"I love talking to Amyra because, it's just"},{"speaker":"Average Joe Finances","startTime":2231.853,"endTime":2235.935,"body":"like this mindset that you guys have that"},{"speaker":"Average Joe Finances","startTime":2236.295,"endTime":2239.953,"body":"just, it helps motivate me and the way"},{"speaker":"Average Joe Finances","startTime":2236.295,"endTime":2239.953,"body":"you did things, married with kids and a"},{"speaker":"Average Joe Finances","startTime":2239.953,"endTime":2243.872,"body":"family, we're in very similar situations"},{"speaker":"Average Joe Finances","startTime":2239.953,"endTime":2243.872,"body":"and being active duty in the Navy."},{"speaker":"Average Joe Finances","startTime":2243.982,"endTime":2245.692,"body":"It's where do you find that happy, medium?"},{"speaker":"Average Joe Finances","startTime":2245.692,"endTime":2249.652,"body":"Where do you find that time to,"},{"speaker":"Average Joe Finances","startTime":2245.692,"endTime":2249.652,"body":"to make things mesh well together?"},{"speaker":"Average Joe Finances","startTime":2249.652,"endTime":2253.102,"body":"And I really respect that and I"},{"speaker":"Average Joe Finances","startTime":2249.652,"endTime":2253.102,"body":"really respect the fact that you"},{"speaker":"Average Joe Finances","startTime":2253.102,"endTime":2255.722,"body":"bring that up because a lot of"},{"speaker":"Average Joe Finances","startTime":2253.102,"endTime":2255.722,"body":"people don't really talk about that."},{"speaker":"Average Joe Finances","startTime":2255.75,"endTime":2259.57,"body":"You listen to other podcasts and it's all"},{"speaker":"Average Joe Finances","startTime":2255.75,"endTime":2259.57,"body":"about, oh yeah, Hey, I did this, and this."},{"speaker":"Average Joe Finances","startTime":2259.57,"endTime":2263.142,"body":"And now, now I've got this going, I've"},{"speaker":"Average Joe Finances","startTime":2259.57,"endTime":2263.142,"body":"got this much assets under management,"},{"speaker":"Average Joe Finances","startTime":2263.142,"endTime":2264.072,"body":"blah, blah, blah, blah, blah."},{"speaker":"Average Joe Finances","startTime":2264.129,"endTime":2265.479,"body":"But what about the other part of it?"},{"speaker":"Average Joe Finances","startTime":2265.502,"endTime":2267.406,"body":"You're doing this to try"},{"speaker":"Average Joe Finances","startTime":2265.502,"endTime":2267.406,"body":"to get time back right?"},{"speaker":"Average Joe Finances","startTime":2267.556,"endTime":2271.039,"body":"Now some people just want to keep growing"},{"speaker":"Average Joe Finances","startTime":2267.556,"endTime":2271.039,"body":"and growing and growing and that's,"},{"speaker":"Average Joe Finances","startTime":2271.062,"endTime":2274.232,"body":"their goal and that's their aspiration,"},{"speaker":"Average Joe Finances","startTime":2271.062,"endTime":2274.232,"body":"but everybody has different reasons."},{"speaker":"Average Joe Finances","startTime":2274.232,"endTime":2275.642,"body":"Everybody has a different why."},{"speaker":"Average Joe Finances","startTime":2276.002,"endTime":2279.452,"body":"So it's super important to"},{"speaker":"Average Joe Finances","startTime":2276.002,"endTime":2279.452,"body":"understand what your, why is."},{"speaker":"Average Joe Finances","startTime":2280.012,"endTime":2281.122,"body":"As you move forward."},{"speaker":"Average Joe Finances","startTime":2281.332,"endTime":2283.91,"body":"And I think on your show, you"},{"speaker":"Average Joe Finances","startTime":2281.332,"endTime":2283.91,"body":"call it, what is your rich state"},{"speaker":"Average Joe Finances","startTime":2283.91,"endTime":2287.046,"body":"of mind, that's super important"},{"speaker":"Average Joe Finances","startTime":2283.91,"endTime":2287.046,"body":"that people think about that."},{"speaker":"Average Joe Finances","startTime":2287.087,"endTime":2288.437,"body":"What is your state of mind?"},{"speaker":"Average Joe Finances","startTime":2288.437,"endTime":2291.647,"body":"What is it that you're thinking when"},{"speaker":"Average Joe Finances","startTime":2288.437,"endTime":2291.647,"body":"you start investing in real estate?"},{"speaker":"Average Joe Finances","startTime":2291.677,"endTime":2292.667,"body":"Why are you doing it?"},{"speaker":"Average Joe Finances","startTime":2292.697,"endTime":2293.147,"body":"Why?"},{"speaker":"Average Joe Finances","startTime":2293.245,"endTime":2296.785,"body":"So I think that's super important in a"},{"speaker":"Average Joe Finances","startTime":2293.245,"endTime":2296.785,"body":"very good point for you to make, so I"},{"speaker":"Average Joe Finances","startTime":2296.785,"endTime":2298.045,"body":"definitely want to say, I appreciate that."},{"speaker":"Anthane Richie","startTime":2299.095,"endTime":2299.93,"body":"No, thank you, man."},{"speaker":"Anthane Richie","startTime":2299.995,"endTime":2304.41,"body":"I like the fact that I guess this is maybe"},{"speaker":"Anthane Richie","startTime":2299.995,"endTime":2304.41,"body":"unsexy part two of real estate investing"},{"speaker":"Anthane Richie","startTime":2304.41,"endTime":2310.107,"body":"or where I don't want people to think"},{"speaker":"Anthane Richie","startTime":2304.41,"endTime":2310.107,"body":"it's easy as 1, 2, 3, and then go, ah,"},{"speaker":"Anthane Richie","startTime":2310.137,"endTime":2314.277,"body":"but at the same time I want, I definitely"},{"speaker":"Anthane Richie","startTime":2310.137,"endTime":2314.277,"body":"want to encourage people to still invest."},{"speaker":"Anthane Richie","startTime":2314.487,"endTime":2317.697,"body":"And if you listen to our shows, you could"},{"speaker":"Anthane Richie","startTime":2314.487,"endTime":2317.697,"body":"obviously tell that real estate investing"},{"speaker":"Anthane Richie","startTime":2317.697,"endTime":2320.157,"body":"in real estate is definitely our niche."},{"speaker":"Anthane Richie","startTime":2320.187,"endTime":2321.307,"body":"We like to cover other things, but."},{"speaker":"Anthane Richie","startTime":2321.374,"endTime":2324.544,"body":"I want people to be like, all right,"},{"speaker":"Anthane Richie","startTime":2321.374,"endTime":2324.544,"body":"I'm gonna go into it, but let me"},{"speaker":"Anthane Richie","startTime":2324.544,"endTime":2327.244,"body":"make sure I check these boxes first."},{"speaker":"Anthane Richie","startTime":2327.574,"endTime":2329.914,"body":"So when I go into it, I'm not"},{"speaker":"Anthane Richie","startTime":2327.574,"endTime":2329.914,"body":"that person they're like, oh yeah,"},{"speaker":"Anthane Richie","startTime":2329.944,"endTime":2332.044,"body":"don't do the real estate market."},{"speaker":"Anthane Richie","startTime":2332.074,"endTime":2334.549,"body":"It's going to crash it,"},{"speaker":"Anthane Richie","startTime":2332.074,"endTime":2334.549,"body":"it didn't work out for me."},{"speaker":"Anthane Richie","startTime":2334.999,"endTime":2336.829,"body":"I don't know at any point in time."},{"speaker":"Anthane Richie","startTime":2336.829,"endTime":2340.865,"body":"And I think in these last two, three"},{"speaker":"Anthane Richie","startTime":2336.829,"endTime":2340.865,"body":"years, we've been has been a bit unique."},{"speaker":"Anthane Richie","startTime":2341.285,"endTime":2345.567,"body":"In a way, because we've had where"},{"speaker":"Anthane Richie","startTime":2341.285,"endTime":2345.567,"body":"it was stable and it went up and"},{"speaker":"Anthane Richie","startTime":2345.567,"endTime":2349.137,"body":"then everybody went frantic and"},{"speaker":"Anthane Richie","startTime":2345.567,"endTime":2349.137,"body":"then people were not paying rent."},{"speaker":"Anthane Richie","startTime":2349.167,"endTime":2352.767,"body":"I think for those that haven't been"},{"speaker":"Anthane Richie","startTime":2349.167,"endTime":2352.767,"body":"invested the last two or three years, and"},{"speaker":"Anthane Richie","startTime":2352.767,"endTime":2356.697,"body":"that was that's your lifetime of investing"},{"speaker":"Anthane Richie","startTime":2352.767,"endTime":2356.697,"body":"and you've had a very unique lifespan."},{"speaker":"Anthane Richie","startTime":2356.727,"endTime":2359.457,"body":"And you've probably added about"},{"speaker":"Anthane Richie","startTime":2356.727,"endTime":2359.457,"body":"seven years of experience on"},{"speaker":"Anthane Richie","startTime":2359.457,"endTime":2361.707,"body":"CSL, vice the normal three to"},{"speaker":"Anthane Richie","startTime":2359.457,"endTime":2361.707,"body":"somebody who's been through."},{"speaker":"Anthane Richie","startTime":2362.157,"endTime":2364.952,"body":"And for those that have made it"},{"speaker":"Anthane Richie","startTime":2362.157,"endTime":2364.952,"body":"through this timeframe, kudos to you"},{"speaker":"Anthane Richie","startTime":2364.952,"endTime":2369.123,"body":"because you've, hopefully you've took"},{"speaker":"Anthane Richie","startTime":2364.952,"endTime":2369.123,"body":"more good things from this than bad"},{"speaker":"Anthane Richie","startTime":2369.123,"endTime":2372.91,"body":"because this was an opportunity to"},{"speaker":"Anthane Richie","startTime":2369.123,"endTime":2372.91,"body":"just pivot all of this and business."},{"speaker":"Anthane Richie","startTime":2372.916,"endTime":2375.546,"body":"Figuring out where's the money"},{"speaker":"Anthane Richie","startTime":2372.916,"endTime":2375.546,"body":"going, the money doesn't go."},{"speaker":"Anthane Richie","startTime":2375.796,"endTime":2377.086,"body":"It doesn't disappear."},{"speaker":"Anthane Richie","startTime":2377.116,"endTime":2378.286,"body":"It just goes somewhere else."},{"speaker":"Anthane Richie","startTime":2378.796,"endTime":2381.79,"body":"So there was someone I was talking"},{"speaker":"Anthane Richie","startTime":2378.796,"endTime":2381.79,"body":"to them, a lot of my episodes"},{"speaker":"Anthane Richie","startTime":2381.876,"endTime":2383.676,"body":"money went towards self storage."},{"speaker":"Anthane Richie","startTime":2384.036,"endTime":2387.004,"body":"So if you were in"},{"speaker":"Anthane Richie","startTime":2384.036,"endTime":2387.004,"body":"commercial real estate, yes."},{"speaker":"Anthane Richie","startTime":2387.004,"endTime":2391.654,"body":"You may have gotten a, felt the pinch on"},{"speaker":"Anthane Richie","startTime":2387.004,"endTime":2391.654,"body":"your one to four unit properties or maybe"},{"speaker":"Anthane Richie","startTime":2391.654,"endTime":2396.009,"body":"a big multi-family, but if you were in"},{"speaker":"Anthane Richie","startTime":2391.654,"endTime":2396.009,"body":"self storage, That's where a lot of people"},{"speaker":"Anthane Richie","startTime":2396.009,"endTime":2400.545,"body":"were put getting money because people"},{"speaker":"Anthane Richie","startTime":2396.009,"endTime":2400.545,"body":"were downsizing during the pandemic and"},{"speaker":"Anthane Richie","startTime":2400.545,"endTime":2401.835,"body":"they had to put their stuff somewhere."},{"speaker":"Anthane Richie","startTime":2402.195,"endTime":2404.985,"body":"So the money just goes"},{"speaker":"Anthane Richie","startTime":2402.195,"endTime":2404.985,"body":"shifts to somewhere else."},{"speaker":"Anthane Richie","startTime":2405.055,"endTime":2408.165,"body":"And you as the business person,"},{"speaker":"Anthane Richie","startTime":2405.055,"endTime":2408.165,"body":"entrepreneur asked to identify"},{"speaker":"Anthane Richie","startTime":2408.165,"endTime":2410.968,"body":"that you have to solve that problem"},{"speaker":"Anthane Richie","startTime":2408.165,"endTime":2410.968,"body":"for people so that you just don't"},{"speaker":"Anthane Richie","startTime":2410.968,"endTime":2413.818,"body":"get rolled by the circumstance."},{"speaker":"Average Joe Finances","startTime":2414.164,"endTime":2416.204,"body":"Yeah,"},{"speaker":"Average Joe Finances","startTime":2414.164,"endTime":2416.204,"body":"those are all fantastic points."},{"speaker":"Average Joe Finances","startTime":2416.204,"endTime":2419.371,"body":"And, to think about what it's been like"},{"speaker":"Average Joe Finances","startTime":2416.204,"endTime":2419.371,"body":"over the last two years, especially with"},{"speaker":"Average Joe Finances","startTime":2419.371,"endTime":2425.486,"body":"the pandemic, the experiences that we've"},{"speaker":"Average Joe Finances","startTime":2419.371,"endTime":2425.486,"body":"had, as investors as somebody just trying"},{"speaker":"Average Joe Finances","startTime":2425.486,"endTime":2429.895,"body":"to live life and get through, like what"},{"speaker":"Average Joe Finances","startTime":2425.486,"endTime":2429.895,"body":"it's been like the past two years, it's"},{"speaker":"Average Joe Finances","startTime":2429.895,"endTime":2431.635,"body":"definitely something to look back on."},{"speaker":"Average Joe Finances","startTime":2431.736,"endTime":2434.613,"body":"Probably something that we'll look"},{"speaker":"Average Joe Finances","startTime":2431.736,"endTime":2434.613,"body":"back on, 10 years from now, 10, 15"},{"speaker":"Average Joe Finances","startTime":2434.613,"endTime":2437.388,"body":"years from now and be like, man,"},{"speaker":"Average Joe Finances","startTime":2434.613,"endTime":2437.388,"body":"What a crazy time, like what a crazy"},{"speaker":"Average Joe Finances","startTime":2437.388,"endTime":2441.198,"body":"time to start getting involved and"},{"speaker":"Average Joe Finances","startTime":2437.388,"endTime":2441.198,"body":"in investing in things like that."},{"speaker":"Average Joe Finances","startTime":2441.198,"endTime":2444.078,"body":"And for a lot of people, like"},{"speaker":"Average Joe Finances","startTime":2441.198,"endTime":2444.078,"body":"they're starting off now."},{"speaker":"Average Joe Finances","startTime":2444.188,"endTime":2446.898,"body":"And I think it's, you have to"},{"speaker":"Average Joe Finances","startTime":2444.188,"endTime":2446.898,"body":"be careful because it's not"},{"speaker":"Average Joe Finances","startTime":2446.898,"endTime":2447.948,"body":"always going to be like this."},{"speaker":"Average Joe Finances","startTime":2447.948,"endTime":2450.275,"body":"You're not always going to,"},{"speaker":"Average Joe Finances","startTime":2447.948,"endTime":2450.275,"body":"buy a piece of property."},{"speaker":"Average Joe Finances","startTime":2450.275,"endTime":2452.615,"body":"That's going to appreciate"},{"speaker":"Average Joe Finances","startTime":2450.275,"endTime":2452.615,"body":"15% in one year."},{"speaker":"Average Joe Finances","startTime":2452.615,"endTime":2455.031,"body":"It's just, it's not realistic."},{"speaker":"Average Joe Finances","startTime":2455.101,"endTime":2459.029,"body":"But again, you have this whole"},{"speaker":"Average Joe Finances","startTime":2455.101,"endTime":2459.029,"body":"scarcity going on right now with"},{"speaker":"Average Joe Finances","startTime":2459.029,"endTime":2462.449,"body":"real estate because properties are"},{"speaker":"Average Joe Finances","startTime":2459.029,"endTime":2462.449,"body":"getting snatched up left and right."},{"speaker":"Average Joe Finances","startTime":2462.581,"endTime":2464.681,"body":"Again, it's not always"},{"speaker":"Average Joe Finances","startTime":2462.581,"endTime":2464.681,"body":"going to be like this."},{"speaker":"Average Joe Finances","startTime":2464.681,"endTime":2469.008,"body":"So take advantage while you can, but at"},{"speaker":"Average Joe Finances","startTime":2464.681,"endTime":2469.008,"body":"the same time, be careful because you"},{"speaker":"Average Joe Finances","startTime":2469.008,"endTime":2473.008,"body":"don't want to get yourself over leveraged"},{"speaker":"Average Joe Finances","startTime":2469.008,"endTime":2473.008,"body":"to the point where, you did too much."},{"speaker":"Average Joe Finances","startTime":2473.008,"endTime":2476.439,"body":"And then if things start to go south,"},{"speaker":"Average Joe Finances","startTime":2473.008,"endTime":2476.439,"body":"you're going to be in the hurt locker."},{"speaker":"Average Joe Finances","startTime":2476.5,"endTime":2480.706,"body":"And you want to do everything like you"},{"speaker":"Average Joe Finances","startTime":2476.5,"endTime":2480.706,"body":"said earlier with with how modest you were"},{"speaker":"Average Joe Finances","startTime":2480.706,"endTime":2486.077,"body":"being with, Hey, the website tells me 80%,"},{"speaker":"Average Joe Finances","startTime":2480.706,"endTime":2486.077,"body":"but I'm going to really actually look 66%."},{"speaker":"Average Joe Finances","startTime":2486.084,"endTime":2488.724,"body":"So you want to be a little conservative"},{"speaker":"Average Joe Finances","startTime":2486.084,"endTime":2488.724,"body":"in your numbers and if the numbers"},{"speaker":"Average Joe Finances","startTime":2488.724,"endTime":2492.714,"body":"still work, when you're conservative"},{"speaker":"Average Joe Finances","startTime":2488.724,"endTime":2492.714,"body":"in your numbers, versus what any other"},{"speaker":"Average Joe Finances","startTime":2492.714,"endTime":2497.334,"body":"calculator or anything else is telling you"},{"speaker":"Average Joe Finances","startTime":2492.714,"endTime":2497.334,"body":"always bring it back just a little bit."},{"speaker":"Average Joe Finances","startTime":2497.557,"endTime":2500.121,"body":"Just in case, because, I'm"},{"speaker":"Average Joe Finances","startTime":2497.557,"endTime":2500.121,"body":"pretty sure I shared this"},{"speaker":"Average Joe Finances","startTime":2500.121,"endTime":2501.561,"body":"story with you on your podcast."},{"speaker":"Average Joe Finances","startTime":2501.561,"endTime":2502.701,"body":"And when I was a guest a while."},{"speaker":"Average Joe Finances","startTime":2503.736,"endTime":2507.336,"body":"About my duplex that I had back in"},{"speaker":"Average Joe Finances","startTime":2503.736,"endTime":2507.336,"body":"Chesapeake, where I had a renter that"},{"speaker":"Average Joe Finances","startTime":2507.336,"endTime":2509.136,"body":"couldn't pay rent for almost nine months."},{"speaker":"Average Joe Finances","startTime":2509.225,"endTime":2512.795,"body":"And I was eating that, that entire time"},{"speaker":"Average Joe Finances","startTime":2509.225,"endTime":2512.795,"body":"until I was able to get him in this"},{"speaker":"Average Joe Finances","startTime":2512.795,"endTime":2517.385,"body":"program that actually back paid me the"},{"speaker":"Average Joe Finances","startTime":2512.795,"endTime":2517.385,"body":"rent that he owed, which was fantastic."},{"speaker":"Average Joe Finances","startTime":2517.385,"endTime":2520.58,"body":"But at the same time, that"},{"speaker":"Average Joe Finances","startTime":2517.385,"endTime":2520.58,"body":"could have also never happened."},{"speaker":"Average Joe Finances","startTime":2520.581,"endTime":2522.947,"body":"They could have also never"},{"speaker":"Average Joe Finances","startTime":2520.581,"endTime":2522.947,"body":"made that program and I could"},{"speaker":"Average Joe Finances","startTime":2522.947,"endTime":2524.147,"body":"have been stuck eating that."},{"speaker":"Average Joe Finances","startTime":2524.147,"endTime":2527.047,"body":"So it's definitely something you"},{"speaker":"Average Joe Finances","startTime":2524.147,"endTime":2527.047,"body":"always want to take into consideration."},{"speaker":"Average Joe Finances","startTime":2527.098,"endTime":2531.058,"body":"We were living in unique times right"},{"speaker":"Average Joe Finances","startTime":2527.098,"endTime":2531.058,"body":"now, but at the same time, it's never"},{"speaker":"Average Joe Finances","startTime":2531.058,"endTime":2532.558,"body":"going to be the same five years from now."},{"speaker":"Average Joe Finances","startTime":2532.588,"endTime":2535.048,"body":"It's always, it's, everything's"},{"speaker":"Average Joe Finances","startTime":2532.588,"endTime":2535.048,"body":"always ever changing."},{"speaker":"Average Joe Finances","startTime":2535.378,"endTime":2538.697,"body":"And what you have to do is change and"},{"speaker":"Average Joe Finances","startTime":2535.378,"endTime":2538.697,"body":"adapt to whatever your environment is."},{"speaker":"Average Joe Finances","startTime":2538.697,"endTime":2542.295,"body":"Being an investor, especially in real"},{"speaker":"Average Joe Finances","startTime":2538.697,"endTime":2542.295,"body":"estate, you need to be a chameleon."},{"speaker":"Average Joe Finances","startTime":2542.355,"endTime":2545.265,"body":"You need to find whatever the"},{"speaker":"Average Joe Finances","startTime":2542.355,"endTime":2545.265,"body":"next thing is and change colors"},{"speaker":"Average Joe Finances","startTime":2545.293,"endTime":2546.295,"body":"and get with the program."},{"speaker":"Average Joe Finances","startTime":2546.655,"endTime":2546.985,"body":"Otherwise."},{"speaker":"Average Joe Finances","startTime":2547.955,"endTime":2550.685,"body":"You're going to be sticking out like"},{"speaker":"Average Joe Finances","startTime":2547.955,"endTime":2550.685,"body":"a sore thumb, and some predators is"},{"speaker":"Average Joe Finances","startTime":2550.685,"endTime":2551.975,"body":"going to come along and snatch you up."},{"speaker":"Average Joe Finances","startTime":2552.335,"endTime":2554.705,"body":"So that's just, a good"},{"speaker":"Average Joe Finances","startTime":2552.335,"endTime":2554.705,"body":"way to look at it now."},{"speaker":"Average Joe Finances","startTime":2555.335,"endTime":2555.725,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2556.155,"endTime":2557.225,"body":"I want to ask you something."},{"speaker":"Average Joe Finances","startTime":2557.225,"endTime":2559.445,"body":"I didn't ask you last time, and"},{"speaker":"Average Joe Finances","startTime":2557.225,"endTime":2559.445,"body":"this is something I want to start"},{"speaker":"Average Joe Finances","startTime":2559.445,"endTime":2560.969,"body":"asking guests that come on the show."},{"speaker":"Average Joe Finances","startTime":2560.969,"endTime":2566.042,"body":"But I'd like to know if you have a"},{"speaker":"Average Joe Finances","startTime":2560.969,"endTime":2566.042,"body":"favorite business investing or real"},{"speaker":"Average Joe Finances","startTime":2566.042,"endTime":2568.185,"body":"estate related book or podcast."},{"speaker":"Average Joe Finances","startTime":2568.215,"endTime":2570.345,"body":"So I would say my"},{"speaker":"Average Joe Finances","startTime":2568.215,"endTime":2570.345,"body":"favorite pocket is yours."},{"speaker":"Average Joe Finances","startTime":2571.745,"endTime":2573.275,"body":"As far as business podcasts."},{"speaker":"Average Joe Finances","startTime":2573.339,"endTime":2574.266,"body":"Thank you very much."},{"speaker":"Average Joe Finances","startTime":2574.566,"endTime":2575.826,"body":"So average Joe finances."},{"speaker":"Average Joe Finances","startTime":2576.006,"endTime":2578.886,"body":"I happen to be very fond of"},{"speaker":"Average Joe Finances","startTime":2576.006,"endTime":2578.886,"body":"Rich State of Mind myself,"},{"speaker":"Anthane Richie","startTime":2579.236,"endTime":2580.086,"body":"Thank you thank you."},{"speaker":"Anthane Richie","startTime":2580.416,"endTime":2581.166,"body":"A book."},{"speaker":"Anthane Richie","startTime":2581.256,"endTime":2585.676,"body":"I am actually, and I'm a little late,"},{"speaker":"Anthane Richie","startTime":2581.256,"endTime":2585.676,"body":"but you said business book, right?"},{"speaker":"Anthane Richie","startTime":2585.691,"endTime":2586.531,"body":"I guess the small"},{"speaker":"Average Joe Finances","startTime":2587.671,"endTime":2589.571,"body":"business"},{"speaker":"Average Joe Finances","startTime":2587.671,"endTime":2589.571,"body":"investing or real estate related."},{"speaker":"Anthane Richie","startTime":2589.571,"endTime":2592.555,"body":"Richest man in Babylon,"},{"speaker":"Anthane Richie","startTime":2589.571,"endTime":2592.555,"body":"I'm really late to that party, but"},{"speaker":"Anthane Richie","startTime":2592.555,"endTime":2594.511,"body":"I actually started I'm almost done."},{"speaker":"Anthane Richie","startTime":2594.991,"endTime":2596.071,"body":"And I started reading that book."},{"speaker":"Anthane Richie","startTime":2596.071,"endTime":2599.671,"body":"So I like the fact I'm reading this"},{"speaker":"Anthane Richie","startTime":2596.071,"endTime":2599.671,"body":"actually, because I think when it comes"},{"speaker":"Anthane Richie","startTime":2599.671,"endTime":2605.746,"body":"to finances and real estate, We're so"},{"speaker":"Anthane Richie","startTime":2599.671,"endTime":2605.746,"body":"advanced now as to what we were, this"},{"speaker":"Anthane Richie","startTime":2605.746,"endTime":2609.606,"body":"is say at the beginning of my journey"},{"speaker":"Anthane Richie","startTime":2605.746,"endTime":2609.606,"body":"and that book has actually realigned"},{"speaker":"Anthane Richie","startTime":2609.627,"endTime":2614.326,"body":"me back to some of the fundamentals"},{"speaker":"Anthane Richie","startTime":2609.627,"endTime":2614.326,"body":"that I actually was getting away from."},{"speaker":"Anthane Richie","startTime":2614.746,"endTime":2619.186,"body":"And it's perfect timing because our"},{"speaker":"Anthane Richie","startTime":2614.746,"endTime":2619.186,"body":"day-to-day finances will change."},{"speaker":"Anthane Richie","startTime":2619.216,"endTime":2621.946,"body":"Once we move into a new"},{"speaker":"Anthane Richie","startTime":2619.216,"endTime":2621.946,"body":"house, a new mortgage."},{"speaker":"Anthane Richie","startTime":2622.076,"endTime":2622.856,"body":"New bills."},{"speaker":"Anthane Richie","startTime":2622.913,"endTime":2626.632,"body":"The richest man in Babylon if he had"},{"speaker":"Anthane Richie","startTime":2622.913,"endTime":2626.632,"body":"never read that book before check it out."},{"speaker":"Anthane Richie","startTime":2626.632,"endTime":2630.649,"body":"I think whether you are a"},{"speaker":"Anthane Richie","startTime":2626.632,"endTime":2630.649,"body":"individual, that's leaning towards"},{"speaker":"Anthane Richie","startTime":2630.649,"endTime":2632.159,"body":"the Dave Ramsey's of the world."},{"speaker":"Anthane Richie","startTime":2632.159,"endTime":2634.459,"body":"But you want to get something"},{"speaker":"Anthane Richie","startTime":2632.159,"endTime":2634.459,"body":"with a different flavor."},{"speaker":"Anthane Richie","startTime":2634.579,"endTime":2638.206,"body":"That's a good book to read, or if"},{"speaker":"Anthane Richie","startTime":2634.579,"endTime":2638.206,"body":"you're just looking to get a re"},{"speaker":"Anthane Richie","startTime":2638.206,"endTime":2642.616,"body":"honing back on your back on track"},{"speaker":"Anthane Richie","startTime":2638.206,"endTime":2642.616,"body":"financially, because you feel like you"},{"speaker":"Anthane Richie","startTime":2642.616,"endTime":2644.55,"body":"get into some bad habits with money."},{"speaker":"Anthane Richie","startTime":2644.64,"endTime":2645.45,"body":"That's a good book too."},{"speaker":"Anthane Richie","startTime":2646.05,"endTime":2647.28,"body":"And was that it?"},{"speaker":"Anthane Richie","startTime":2647.4,"endTime":2648.0,"body":"Was it one more?"},{"speaker":"Average Joe Finances","startTime":2648.39,"endTime":2649.509,"body":"Yeah, no fantastic."},{"speaker":"Average Joe Finances","startTime":2649.525,"endTime":2649.705,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2649.705,"endTime":2650.785,"body":"Richest man in Babylon."},{"speaker":"Average Joe Finances","startTime":2650.815,"endTime":2651.325,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2651.715,"endTime":2654.826,"body":"No, and that's good feedback too,"},{"speaker":"Average Joe Finances","startTime":2651.715,"endTime":2654.826,"body":"especially what it, what it's about"},{"speaker":"Average Joe Finances","startTime":2654.826,"endTime":2656.089,"body":"and what, what it's done for you."},{"speaker":"Average Joe Finances","startTime":2656.089,"endTime":2657.932,"body":"So that's good stuff now."},{"speaker":"Average Joe Finances","startTime":2657.997,"endTime":2662.767,"body":"We've had you on the show before, but I"},{"speaker":"Average Joe Finances","startTime":2657.997,"endTime":2662.767,"body":"would like a reminder for people if they"},{"speaker":"Average Joe Finances","startTime":2662.767,"endTime":2667.11,"body":"could, where they could find out more"},{"speaker":"Average Joe Finances","startTime":2662.767,"endTime":2667.11,"body":"about Anthane and Rich State of Mind."},{"speaker":"Average Joe Finances","startTime":2667.151,"endTime":2669.311,"body":"Can you share your website"},{"speaker":"Average Joe Finances","startTime":2667.151,"endTime":2669.311,"body":"and social media with us?"},{"speaker":"Anthane Richie","startTime":2669.981,"endTime":2670.551,"body":"Yes."},{"speaker":"Anthane Richie","startTime":2670.649,"endTime":2672.919,"body":"So websites, richstateofmind.com."},{"speaker":"Anthane Richie","startTime":2673.199,"endTime":2676.384,"body":"We have a blogs up there, got new"},{"speaker":"Anthane Richie","startTime":2673.199,"endTime":2676.384,"body":"ones coming out been pushing out"},{"speaker":"Anthane Richie","startTime":2676.384,"endTime":2679.334,"body":"maybe about two or three a day,"},{"speaker":"Anthane Richie","startTime":2676.384,"endTime":2679.334,"body":"probably for about the next two weeks."},{"speaker":"Anthane Richie","startTime":2679.334,"endTime":2680.073,"body":"I'll be doing that."},{"speaker":"Anthane Richie","startTime":2680.073,"endTime":2684.886,"body":"We have the podcast were up to"},{"speaker":"Anthane Richie","startTime":2680.073,"endTime":2684.886,"body":"71 right now, but plus a bonus"},{"speaker":"Anthane Richie","startTime":2684.886,"endTime":2686.206,"body":"episode with Mike Cavaggioni."},{"speaker":"Anthane Richie","startTime":2686.228,"endTime":2687.355,"body":"And then we have recently"},{"speaker":"Average Joe Finances","startTime":2687.355,"endTime":2688.645,"body":"I really"},{"speaker":"Average Joe Finances","startTime":2687.355,"endTime":2688.645,"body":"liked that guy by the way."},{"speaker":"Anthane Richie","startTime":2688.825,"endTime":2689.205,"body":"Yeah."},{"speaker":"Anthane Richie","startTime":2689.272,"endTime":2689.881,"body":"He's awesome."},{"speaker":"Anthane Richie","startTime":2689.889,"endTime":2694.129,"body":"And we have our resource pages as"},{"speaker":"Anthane Richie","startTime":2689.889,"endTime":2694.129,"body":"well, where I try to give templates"},{"speaker":"Anthane Richie","startTime":2694.129,"endTime":2698.082,"body":"for leases estaple agreements"},{"speaker":"Anthane Richie","startTime":2694.129,"endTime":2698.082,"body":"addendums good books to read."},{"speaker":"Anthane Richie","startTime":2698.082,"endTime":2699.402,"body":"I have my ebook up there."},{"speaker":"Anthane Richie","startTime":2699.402,"endTime":2701.412,"body":"I got to put my other two"},{"speaker":"Anthane Richie","startTime":2699.402,"endTime":2701.412,"body":"eBooks up there as well."},{"speaker":"Anthane Richie","startTime":2701.412,"endTime":2706.122,"body":"So recommended books and budget guides"},{"speaker":"Anthane Richie","startTime":2701.412,"endTime":2706.122,"body":"as well, cheat sheets that people"},{"speaker":"Anthane Richie","startTime":2706.122,"endTime":2707.442,"body":"could use on that resource page."},{"speaker":"Anthane Richie","startTime":2707.442,"endTime":2710.562,"body":"So check it out if you want"},{"speaker":"Anthane Richie","startTime":2707.442,"endTime":2710.562,"body":"something very quick, it's all free."},{"speaker":"Anthane Richie","startTime":2710.605,"endTime":2713.005,"body":"Subscribe, if you want, add"},{"speaker":"Anthane Richie","startTime":2710.605,"endTime":2713.005,"body":"your email to the email list."},{"speaker":"Anthane Richie","startTime":2713.005,"endTime":2713.545,"body":"When I put up more."},{"speaker":"Anthane Richie","startTime":2713.586,"endTime":2717.068,"body":"We have a Facebook page for state"},{"speaker":"Anthane Richie","startTime":2713.586,"endTime":2717.068,"body":"of mind with a light page and a"},{"speaker":"Anthane Richie","startTime":2717.068,"endTime":2720.608,"body":"group page under rich state of"},{"speaker":"Anthane Richie","startTime":2717.068,"endTime":2720.608,"body":"mind and we have a Instagram,"},{"speaker":"Anthane Richie","startTime":2720.608,"endTime":2723.008,"body":"which is rich state of mind page."},{"speaker":"Anthane Richie","startTime":2724.388,"endTime":2724.598,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2724.828,"endTime":2725.258,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2725.304,"endTime":2727.69,"body":"We'll make sure we get the"},{"speaker":"Average Joe Finances","startTime":2725.304,"endTime":2727.69,"body":"link in the show notes as well."},{"speaker":"Average Joe Finances","startTime":2727.69,"endTime":2731.103,"body":"Anthony dude, it's been an absolute"},{"speaker":"Average Joe Finances","startTime":2727.69,"endTime":2731.103,"body":"pleasure having you on again."},{"speaker":"Average Joe Finances","startTime":2731.103,"endTime":2734.654,"body":"We had to flex a little bit cause a"},{"speaker":"Average Joe Finances","startTime":2731.103,"endTime":2734.654,"body":"conflicting schedule stuff going on right"},{"speaker":"Average Joe Finances","startTime":2734.654,"endTime":2737.094,"body":"now, but I appreciate your flexibility."},{"speaker":"Average Joe Finances","startTime":2737.101,"endTime":2739.614,"body":"As well as working with me here"},{"speaker":"Average Joe Finances","startTime":2737.101,"endTime":2739.614,"body":"so we can make this happen."},{"speaker":"Average Joe Finances","startTime":2739.904,"endTime":2741.386,"body":"Always a pleasure talking to you."},{"speaker":"Average Joe Finances","startTime":2741.386,"endTime":2744.046,"body":"I, every time we talk, I feel like I"},{"speaker":"Average Joe Finances","startTime":2741.386,"endTime":2744.046,"body":"was like, man, I wish we could just hit"},{"speaker":"Average Joe Finances","startTime":2744.046,"endTime":2746.836,"body":"a record button and just record some of"},{"speaker":"Average Joe Finances","startTime":2744.046,"endTime":2746.836,"body":"this because there's always great stuff."},{"speaker":"Average Joe Finances","startTime":2746.866,"endTime":2747.569,"body":"Every time we talk."},{"speaker":"Average Joe Finances","startTime":2747.57,"endTime":2750.39,"body":"Having you back on the show again, as"},{"speaker":"Average Joe Finances","startTime":2747.57,"endTime":2750.39,"body":"matter of fact, you're the first person,"},{"speaker":"Average Joe Finances","startTime":2750.39,"endTime":2752.67,"body":"I think the, to come on the show twice."},{"speaker":"Average Joe Finances","startTime":2752.682,"endTime":2756.105,"body":"So I'm really excited to, to get"},{"speaker":"Average Joe Finances","startTime":2752.682,"endTime":2756.105,"body":"this one out there for our listeners,"},{"speaker":"Average Joe Finances","startTime":2756.105,"endTime":2759.251,"body":"because it's always great content"},{"speaker":"Average Joe Finances","startTime":2756.105,"endTime":2759.251,"body":"when we're talking and you're"},{"speaker":"Average Joe Finances","startTime":2759.251,"endTime":2760.721,"body":"doing some really good stuff, man."},{"speaker":"Average Joe Finances","startTime":2760.721,"endTime":2762.087,"body":"You have really positive energy."},{"speaker":"Average Joe Finances","startTime":2762.13,"endTime":2766.141,"body":"With with everything that you're doing"},{"speaker":"Average Joe Finances","startTime":2762.13,"endTime":2766.141,"body":"and just giving back to the community the"},{"speaker":"Average Joe Finances","startTime":2766.141,"endTime":2771.121,"body":"way you do with your podcast, blog, and"},{"speaker":"Average Joe Finances","startTime":2766.141,"endTime":2771.121,"body":"the resources that you offer for free."},{"speaker":"Average Joe Finances","startTime":2771.361,"endTime":2772.471,"body":"I'm going to point that out, everybody."},{"speaker":"Average Joe Finances","startTime":2772.471,"endTime":2776.038,"body":"So go check out his stuff, go to rich"},{"speaker":"Average Joe Finances","startTime":2772.471,"endTime":2776.038,"body":"state of mind.com really good content"},{"speaker":"Average Joe Finances","startTime":2776.038,"endTime":2779.908,"body":"out there and go listen to his podcast"},{"speaker":"Average Joe Finances","startTime":2776.038,"endTime":2779.908,"body":"because I'm telling you, if you listen"},{"speaker":"Average Joe Finances","startTime":2779.908,"endTime":2781.724,"body":"to my podcast, you'll love his show."},{"speaker":"Average Joe Finances","startTime":2781.774,"endTime":2782.486,"body":"Go check it out."},{"speaker":"Average Joe Finances","startTime":2782.491,"endTime":2783.301,"body":"Anthony, Hey man."},{"speaker":"Average Joe Finances","startTime":2783.301,"endTime":2785.761,"body":"Again, absolute pleasure"},{"speaker":"Average Joe Finances","startTime":2783.301,"endTime":2785.761,"body":"talking with you today, brother."},{"speaker":"Anthane Richie","startTime":2786.271,"endTime":2786.661,"body":"Thank you."},{"speaker":"Anthane Richie","startTime":2786.961,"endTime":2788.391,"body":"Awesome talking to you as well, man."},{"speaker":"Average Joe Finances","startTime":2788.731,"endTime":2789.331,"body":"Aloha."}]}