{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.1,"endTime":2.44,"body":"Hey, welcome back"},{"speaker":"Average Joe Finances","startTime":0.1,"endTime":2.44,"body":"to the Average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":2.44,"endTime":6.49,"body":"I'm your host Mike Cavaggioni"},{"speaker":"Average Joe Finances","startTime":2.44,"endTime":6.49,"body":"and today's guest is Alex Jarbo."},{"speaker":"Average Joe Finances","startTime":6.494,"endTime":8.29,"body":"So Alex, super excited."},{"speaker":"Average Joe Finances","startTime":8.29,"endTime":9.43,"body":"Thank you for joining me today."},{"speaker":"Alex Jarbo","startTime":10.03,"endTime":11.17,"body":"Oh, thanks"},{"speaker":"Alex Jarbo","startTime":10.03,"endTime":11.17,"body":"for having me on, man."},{"speaker":"Average Joe Finances","startTime":11.5,"endTime":12.28,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":12.285,"endTime":15.639,"body":"Hey, I wanna start things off the same"},{"speaker":"Average Joe Finances","startTime":12.285,"endTime":15.639,"body":"way I start every podcast episode,"},{"speaker":"Average Joe Finances","startTime":15.97,"endTime":17.38,"body":"and we wanna know more about you."},{"speaker":"Average Joe Finances","startTime":17.38,"endTime":19.51,"body":"So if you could share a little"},{"speaker":"Average Joe Finances","startTime":17.38,"endTime":19.51,"body":"bit about yourself, tell"},{"speaker":"Average Joe Finances","startTime":19.58,"endTime":21.685,"body":"your story who is Alex Jarbo?"},{"speaker":"Alex Jarbo","startTime":21.805,"endTime":22.285,"body":"Yeah, man."},{"speaker":"Alex Jarbo","startTime":22.285,"endTime":25.725,"body":"So I'm the CEO and founder of Sargon"},{"speaker":"Alex Jarbo","startTime":22.285,"endTime":25.725,"body":"Investments, which is a short-term"},{"speaker":"Alex Jarbo","startTime":25.725,"endTime":27.669,"body":"rental development and management firm."},{"speaker":"Alex Jarbo","startTime":27.679,"endTime":31.011,"body":"And where I got started at, if we"},{"speaker":"Alex Jarbo","startTime":27.679,"endTime":31.011,"body":"wanna go all the way back, was coming."},{"speaker":"Alex Jarbo","startTime":31.011,"endTime":33.8,"body":"I served four and a half years in the"},{"speaker":"Alex Jarbo","startTime":31.011,"endTime":33.8,"body":"Marine Corps and I was  coming on the"},{"speaker":"Alex Jarbo","startTime":33.8,"endTime":37.61,"body":"end of my enlistment and I just had"},{"speaker":"Alex Jarbo","startTime":33.8,"endTime":37.61,"body":"decided that I didn't wanna reenlist."},{"speaker":"Alex Jarbo","startTime":37.61,"endTime":41.729,"body":"I was stationed in DC at the"},{"speaker":"Alex Jarbo","startTime":37.61,"endTime":41.729,"body":"time and I just started diving"},{"speaker":"Alex Jarbo","startTime":41.789,"endTime":43.169,"body":"last year of my enlistment."},{"speaker":"Alex Jarbo","startTime":43.169,"endTime":45.989,"body":"I started diving into a lot of"},{"speaker":"Alex Jarbo","startTime":43.169,"endTime":45.989,"body":"different, like just looking at"},{"speaker":"Alex Jarbo","startTime":45.989,"endTime":50.757,"body":"different asset classes, whether it"},{"speaker":"Alex Jarbo","startTime":45.989,"endTime":50.757,"body":"be stocks, crypto, real estate, and"},{"speaker":"Alex Jarbo","startTime":51.037,"endTime":52.947,"body":"M\u0026A just, or overall business stuff."},{"speaker":"Alex Jarbo","startTime":53.247,"endTime":56.607,"body":"And real estate had really caught"},{"speaker":"Alex Jarbo","startTime":53.247,"endTime":56.607,"body":"my eye and just cause I liked the"},{"speaker":"Alex Jarbo","startTime":56.637,"endTime":58.287,"body":"complete control you had over it."},{"speaker":"Alex Jarbo","startTime":58.506,"endTime":60.049,"body":"So I dove really deep into that."},{"speaker":"Alex Jarbo","startTime":60.049,"endTime":62.414,"body":"Learned flipping multi-family."},{"speaker":"Alex Jarbo","startTime":62.514,"endTime":66.204,"body":"Any self-storage book that was out there"},{"speaker":"Alex Jarbo","startTime":62.514,"endTime":66.204,"body":"at the time, mobile home park books."},{"speaker":"Alex Jarbo","startTime":66.714,"endTime":70.494,"body":"And I originally landed on flipping and"},{"speaker":"Alex Jarbo","startTime":66.714,"endTime":70.494,"body":"I had joined a flipping mentorship while"},{"speaker":"Alex Jarbo","startTime":70.494,"endTime":71.814,"body":"I was still a part of the Marine Corps."},{"speaker":"Alex Jarbo","startTime":72.444,"endTime":76.039,"body":"And what I realized was the gentleman"},{"speaker":"Alex Jarbo","startTime":72.444,"endTime":76.039,"body":"that ran that flipping mentorship,"},{"speaker":"Alex Jarbo","startTime":76.039,"endTime":79.339,"body":"all of his long-term wealth was"},{"speaker":"Alex Jarbo","startTime":76.039,"endTime":79.339,"body":"tied into short-term rentals."},{"speaker":"Alex Jarbo","startTime":79.849,"endTime":81.479,"body":"And so I got him on a call."},{"speaker":"Alex Jarbo","startTime":81.993,"endTime":83.483,"body":"And I was like, this is awesome."},{"speaker":"Alex Jarbo","startTime":83.483,"endTime":84.895,"body":"I love the unique aspect of it."},{"speaker":"Alex Jarbo","startTime":84.945,"endTime":87.345,"body":"I come from a hosting family,"},{"speaker":"Alex Jarbo","startTime":84.945,"endTime":87.345,"body":"so I was like, I love the"},{"speaker":"Alex Jarbo","startTime":87.35,"endTime":88.771,"body":"hosting piece to it as well."},{"speaker":"Alex Jarbo","startTime":88.78,"endTime":92.92,"body":"And he had showed me his like cash flows"},{"speaker":"Alex Jarbo","startTime":88.78,"endTime":92.92,"body":"and his numbers and they were just insane"},{"speaker":"Alex Jarbo","startTime":92.95,"endTime":94.3,"body":"compared to like long-term rentals."},{"speaker":"Alex Jarbo","startTime":94.93,"endTime":97.66,"body":"And so I like, at that point"},{"speaker":"Alex Jarbo","startTime":94.93,"endTime":97.66,"body":"I had decided, okay, I want to"},{"speaker":"Alex Jarbo","startTime":97.66,"endTime":98.8,"body":"get into short-term rentals."},{"speaker":"Alex Jarbo","startTime":98.83,"endTime":101.434,"body":"And he had helped me decide on a market."},{"speaker":"Alex Jarbo","startTime":101.524,"endTime":104.734,"body":"And then once we decided on that"},{"speaker":"Alex Jarbo","startTime":101.524,"endTime":104.734,"body":"market, the day I got out of the"},{"speaker":"Alex Jarbo","startTime":104.824,"endTime":106.454,"body":"Marine Corps is when I drove here."},{"speaker":"Alex Jarbo","startTime":106.724,"endTime":109.656,"body":"And I had some money saved up"},{"speaker":"Alex Jarbo","startTime":106.724,"endTime":109.656,"body":"and I had a place set aside cause"},{"speaker":"Alex Jarbo","startTime":109.656,"endTime":110.946,"body":"I had visited prior to that."},{"speaker":"Alex Jarbo","startTime":110.946,"endTime":114.126,"body":"But the day I got out of the"},{"speaker":"Alex Jarbo","startTime":110.946,"endTime":114.126,"body":"military, moved here, got my broker's"},{"speaker":"Alex Jarbo","startTime":114.126,"endTime":117.113,"body":"license, my real estate license,"},{"speaker":"Alex Jarbo","startTime":114.126,"endTime":117.113,"body":"and then I started looking for"},{"speaker":"Alex Jarbo","startTime":117.113,"endTime":118.343,"body":"a short term rental for myself."},{"speaker":"Alex Jarbo","startTime":118.883,"endTime":122.123,"body":"And what I realized really quickly at"},{"speaker":"Alex Jarbo","startTime":118.883,"endTime":122.123,"body":"that time was everything was either"},{"speaker":"Alex Jarbo","startTime":122.123,"endTime":125.753,"body":"even back in 2015 and 16, everything"},{"speaker":"Alex Jarbo","startTime":122.123,"endTime":125.753,"body":"was either way out of my price range."},{"speaker":"Alex Jarbo","startTime":126.358,"endTime":129.246,"body":"Or it was in my price range"},{"speaker":"Alex Jarbo","startTime":126.358,"endTime":129.246,"body":"or it just wouldn't have done"},{"speaker":"Alex Jarbo","startTime":129.246,"endTime":130.266,"body":"well as a short-term rental."},{"speaker":"Alex Jarbo","startTime":130.266,"endTime":132.786,"body":"It maybe would've done well if I"},{"speaker":"Alex Jarbo","startTime":130.266,"endTime":132.786,"body":"would've pulled like a long-term tenant"},{"speaker":"Alex Jarbo","startTime":132.786,"endTime":134.556,"body":"in there, but not a short-term rental."},{"speaker":"Alex Jarbo","startTime":134.668,"endTime":139.378,"body":"So my very first real estate investment"},{"speaker":"Alex Jarbo","startTime":134.668,"endTime":139.378,"body":"was a new construction ground up"},{"speaker":"Alex Jarbo","startTime":139.383,"endTime":143.599,"body":"development that we owned to this day,"},{"speaker":"Alex Jarbo","startTime":139.383,"endTime":143.599,"body":"it's an 800 square foot a-frame and"},{"speaker":"Alex Jarbo","startTime":143.675,"endTime":147.125,"body":"one turned into two really quickly,"},{"speaker":"Alex Jarbo","startTime":143.675,"endTime":147.125,"body":"two turned into four, brought on some"},{"speaker":"Alex Jarbo","startTime":147.525,"endTime":151.115,"body":"investor capital, and today we're"},{"speaker":"Alex Jarbo","startTime":147.525,"endTime":151.115,"body":"developing 10 million worth of cabins"},{"speaker":"Alex Jarbo","startTime":151.115,"endTime":152.594,"body":"and hoping to triple that next year."},{"speaker":"Average Joe Finances","startTime":152.706,"endTime":154.176,"body":"Man, that is fantastic."},{"speaker":"Average Joe Finances","startTime":154.176,"endTime":157.029,"body":"So you started off so while you"},{"speaker":"Average Joe Finances","startTime":154.176,"endTime":157.029,"body":"were still active duty in the Marine"},{"speaker":"Average Joe Finances","startTime":157.029,"endTime":159.819,"body":"Corps, you like, okay, I'm gonna"},{"speaker":"Average Joe Finances","startTime":157.029,"endTime":159.819,"body":"go to this flipping mentorship."},{"speaker":"Average Joe Finances","startTime":159.819,"endTime":163.096,"body":"I wanna learn about this, I see a lot"},{"speaker":"Average Joe Finances","startTime":159.819,"endTime":163.096,"body":"of people doing things with these flips."},{"speaker":"Average Joe Finances","startTime":163.426,"endTime":167.949,"body":"And while you were there you learned that"},{"speaker":"Average Joe Finances","startTime":163.426,"endTime":167.949,"body":"the guy was doing short-term rentals."},{"speaker":"Average Joe Finances","startTime":167.971,"endTime":170.087,"body":"That's where most of his wealth"},{"speaker":"Average Joe Finances","startTime":167.971,"endTime":170.087,"body":"was actually coming from."},{"speaker":"Average Joe Finances","startTime":170.237,"endTime":171.197,"body":"So that's fantastic."},{"speaker":"Average Joe Finances","startTime":171.267,"endTime":173.999,"body":"Was it more they were doing"},{"speaker":"Average Joe Finances","startTime":171.267,"endTime":173.999,"body":"flips just to build capital to"},{"speaker":"Average Joe Finances","startTime":173.999,"endTime":175.619,"body":"buy more short-term rentals?"},{"speaker":"Alex Jarbo","startTime":175.728,"endTime":177.508,"body":"I don't even,"},{"speaker":"Alex Jarbo","startTime":175.728,"endTime":177.508,"body":"that's what he was doing."},{"speaker":"Alex Jarbo","startTime":177.718,"endTime":177.808,"body":"Okay."},{"speaker":"Alex Jarbo","startTime":177.813,"endTime":180.898,"body":"And I was like, let me just skip"},{"speaker":"Alex Jarbo","startTime":177.813,"endTime":180.898,"body":"that piece and just go straight"},{"speaker":"Alex Jarbo","startTime":180.898,"endTime":182.108,"body":"into the short-term rentals."},{"speaker":"Average Joe Finances","startTime":182.208,"endTime":182.628,"body":"Nice."},{"speaker":"Average Joe Finances","startTime":182.628,"endTime":182.958,"body":"Nice."},{"speaker":"Average Joe Finances","startTime":182.958,"endTime":183.168,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":183.168,"endTime":185.707,"body":"So you know, the funny thing is man yeah."},{"speaker":"Average Joe Finances","startTime":185.847,"endTime":188.631,"body":"I don't know if this is just something"},{"speaker":"Average Joe Finances","startTime":185.847,"endTime":188.631,"body":"that you got from your time in the Marine."},{"speaker":"Average Joe Finances","startTime":188.731,"endTime":191.761,"body":"or this is just something that I"},{"speaker":"Average Joe Finances","startTime":188.731,"endTime":191.761,"body":"find with so many people that are"},{"speaker":"Average Joe Finances","startTime":191.761,"endTime":193.291,"body":"entrepreneurs and just go-getters."},{"speaker":"Average Joe Finances","startTime":193.771,"endTime":196.231,"body":"But you got out of the"},{"speaker":"Average Joe Finances","startTime":193.771,"endTime":196.231,"body":"Marine Corps, right?"},{"speaker":"Average Joe Finances","startTime":196.231,"endTime":198.931,"body":"You had some cash and you"},{"speaker":"Average Joe Finances","startTime":196.231,"endTime":198.931,"body":"said, this is where I'm going."},{"speaker":"Average Joe Finances","startTime":198.936,"endTime":200.431,"body":"This is where my market's gonna be."},{"speaker":"Average Joe Finances","startTime":200.761,"endTime":201.691,"body":"I'm moving there."},{"speaker":"Average Joe Finances","startTime":201.691,"endTime":204.941,"body":"We're gonna make it happen"},{"speaker":"Average Joe Finances","startTime":201.691,"endTime":204.941,"body":"and you did, you got out."},{"speaker":"Average Joe Finances","startTime":204.941,"endTime":208.826,"body":"You went straight there and got"},{"speaker":"Average Joe Finances","startTime":204.941,"endTime":208.826,"body":"yourself a place and said, all"},{"speaker":"Average Joe Finances","startTime":208.826,"endTime":209.906,"body":"right, we're gonna make it happen."},{"speaker":"Average Joe Finances","startTime":210.206,"endTime":211.616,"body":"But then you ran into some hiccups, right?"},{"speaker":"Average Joe Finances","startTime":211.616,"endTime":214.226,"body":"You ran into okay, some of this"},{"speaker":"Average Joe Finances","startTime":211.616,"endTime":214.226,"body":"stuff's outside of my price range."},{"speaker":"Average Joe Finances","startTime":214.243,"endTime":216.274,"body":"What did you do to get around that?"},{"speaker":"Alex Jarbo","startTime":216.432,"endTime":219.06,"body":"Yeah, I realized that"},{"speaker":"Alex Jarbo","startTime":216.432,"endTime":219.06,"body":"there was nothing on the market"},{"speaker":"Alex Jarbo","startTime":219.06,"endTime":220.38,"body":"that was in my price range."},{"speaker":"Alex Jarbo","startTime":220.38,"endTime":223.935,"body":"And at that time it was, it still"},{"speaker":"Alex Jarbo","startTime":220.38,"endTime":223.935,"body":"is cheaper to build than buy cause"},{"speaker":"Alex Jarbo","startTime":223.985,"endTime":225.485,"body":"they're still an inventory shortage."},{"speaker":"Alex Jarbo","startTime":225.485,"endTime":228.966,"body":"But I mean we just, I was like, okay,"},{"speaker":"Alex Jarbo","startTime":225.485,"endTime":228.966,"body":"what is the smallest property I can"},{"speaker":"Alex Jarbo","startTime":229.026,"endTime":234.126,"body":"build that is still livable, but at"},{"speaker":"Alex Jarbo","startTime":229.026,"endTime":234.126,"body":"the same time still feels spacious?"},{"speaker":"Alex Jarbo","startTime":234.156,"endTime":236.046,"body":"And that was the floor"},{"speaker":"Alex Jarbo","startTime":234.156,"endTime":236.046,"body":"plan we had decided on."},{"speaker":"Alex Jarbo","startTime":236.046,"endTime":239.526,"body":"It was like, if people hop on my website,"},{"speaker":"Alex Jarbo","startTime":236.046,"endTime":239.526,"body":"they can like just go straight to the"},{"speaker":"Alex Jarbo","startTime":239.531,"endTime":243.611,"body":"Airbnb link, but it's like an open floor"},{"speaker":"Alex Jarbo","startTime":239.531,"endTime":243.611,"body":"plan, full kitchen, full bathroom, two"},{"speaker":"Alex Jarbo","startTime":243.611,"endTime":245.681,"body":"bedroom, or it's one bedroom with a loft."},{"speaker":"Alex Jarbo","startTime":245.687,"endTime":246.92,"body":"But that can sleep six people."},{"speaker":"Alex Jarbo","startTime":246.92,"endTime":249.543,"body":"But it's a very spacious, so that,"},{"speaker":"Alex Jarbo","startTime":246.92,"endTime":249.543,"body":"that's how we got around that was"},{"speaker":"Alex Jarbo","startTime":249.543,"endTime":254.013,"body":"just optimizing the floor plan on that"},{"speaker":"Alex Jarbo","startTime":249.543,"endTime":254.013,"body":"first one, because there's no wasted"},{"speaker":"Alex Jarbo","startTime":254.018,"endTime":257.703,"body":"square, not, there's not one square"},{"speaker":"Alex Jarbo","startTime":254.018,"endTime":257.703,"body":"foot that's wasted in that property."},{"speaker":"Alex Jarbo","startTime":258.003,"endTime":261.325,"body":"And every, even 10 square foot"},{"speaker":"Alex Jarbo","startTime":258.003,"endTime":261.325,"body":"will set you back two grand"},{"speaker":"Alex Jarbo","startTime":261.325,"endTime":262.405,"body":"or whatever that number is."},{"speaker":"Alex Jarbo","startTime":262.705,"endTime":265.975,"body":"So it's like just optimizing the square"},{"speaker":"Alex Jarbo","startTime":262.705,"endTime":265.975,"body":"footage was very important compared to"},{"speaker":"Alex Jarbo","startTime":265.975,"endTime":267.905,"body":"just purchasing an already built property."},{"speaker":"Average Joe Finances","startTime":268.005,"endTime":268.04,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":268.04,"endTime":270.59,"body":"So you right off the bat,"},{"speaker":"Average Joe Finances","startTime":268.04,"endTime":270.59,"body":"got right into development."},{"speaker":"Average Joe Finances","startTime":270.59,"endTime":271.67,"body":"Then it wasn't even."},{"speaker":"Alex Jarbo","startTime":271.67,"endTime":275.24,"body":"It took about six months"},{"speaker":"Alex Jarbo","startTime":271.67,"endTime":275.24,"body":"of me, like bidding on properties."},{"speaker":"Average Joe Finances","startTime":275.24,"endTime":275.27,"body":"Okay."},{"speaker":"Alex Jarbo","startTime":275.27,"endTime":276.77,"body":"Losing out"},{"speaker":"Alex Jarbo","startTime":275.27,"endTime":276.77,"body":"and blah, blah, blah."},{"speaker":"Alex Jarbo","startTime":276.77,"endTime":278.63,"body":"So about six months of frustration."},{"speaker":"Alex Jarbo","startTime":278.66,"endTime":278.96,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":279.56,"endTime":280.01,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":280.01,"endTime":280.49,"body":"That's fair."},{"speaker":"Average Joe Finances","startTime":280.76,"endTime":285.45,"body":"So what were you doing in the meantime"},{"speaker":"Average Joe Finances","startTime":280.76,"endTime":285.45,"body":"while you were figuring out how to"},{"speaker":"Average Joe Finances","startTime":285.45,"endTime":287.627,"body":"get this capital to buy real estate."},{"speaker":"Alex Jarbo","startTime":287.627,"endTime":287.687,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":287.717,"endTime":288.767,"body":"Or"},{"speaker":"Average Joe Finances","startTime":287.717,"endTime":288.767,"body":"do these developments."},{"speaker":"Alex Jarbo","startTime":288.767,"endTime":288.827,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":288.885,"endTime":291.365,"body":"What were you doing"},{"speaker":"Average Joe Finances","startTime":288.885,"endTime":291.365,"body":"for cash flow during that time frame?"},{"speaker":"Alex Jarbo","startTime":291.594,"endTime":293.632,"body":"I love that question"},{"speaker":"Alex Jarbo","startTime":291.594,"endTime":293.632,"body":"and it's funny cause like that"},{"speaker":"Alex Jarbo","startTime":293.962,"endTime":296.882,"body":"question's only gonna come from a"},{"speaker":"Alex Jarbo","startTime":293.962,"endTime":296.882,"body":"previous military person as well."},{"speaker":"Alex Jarbo","startTime":296.907,"endTime":297.257,"body":"Is."},{"speaker":"Alex Jarbo","startTime":297.622,"endTime":300.356,"body":"So I had half of my bachelor's"},{"speaker":"Alex Jarbo","startTime":297.622,"endTime":300.356,"body":"completed when I was in the"},{"speaker":"Alex Jarbo","startTime":300.356,"endTime":301.706,"body":"Marine Corps, a little over half."},{"speaker":"Alex Jarbo","startTime":301.75,"endTime":305.447,"body":"So I went to school online through"},{"speaker":"Alex Jarbo","startTime":301.75,"endTime":305.447,"body":"finished up my bachelor's relatively"},{"speaker":"Alex Jarbo","startTime":305.447,"endTime":309.107,"body":"quickly, moved into a master's and I'm"},{"speaker":"Alex Jarbo","startTime":305.447,"endTime":309.107,"body":"finishing up a doctorate right now."},{"speaker":"Alex Jarbo","startTime":309.107,"endTime":312.377,"body":"So school kept me busy while"},{"speaker":"Alex Jarbo","startTime":309.107,"endTime":312.377,"body":"I was going through all that."},{"speaker":"Alex Jarbo","startTime":312.377,"endTime":315.179,"body":"And then obviously like the"},{"speaker":"Alex Jarbo","startTime":312.377,"endTime":315.179,"body":"military will pay for your"},{"speaker":"Alex Jarbo","startTime":315.179,"endTime":316.329,"body":"housing while you're doing that."},{"speaker":"Alex Jarbo","startTime":316.329,"endTime":318.055,"body":"But then I was also a licensed broker."},{"speaker":"Alex Jarbo","startTime":318.085,"endTime":320.58,"body":"Like most of my money came"},{"speaker":"Alex Jarbo","startTime":318.085,"endTime":320.58,"body":"from doing deals as well."},{"speaker":"Average Joe Finances","startTime":320.806,"endTime":321.526,"body":"Okay, great."},{"speaker":"Average Joe Finances","startTime":321.526,"endTime":324.365,"body":"So you were getting that basic"},{"speaker":"Average Joe Finances","startTime":321.526,"endTime":324.365,"body":"allowance for housing that you"},{"speaker":"Average Joe Finances","startTime":324.365,"endTime":328.175,"body":"get when you're using your post"},{"speaker":"Average Joe Finances","startTime":324.365,"endTime":328.175,"body":"9-11 GI bill, so that's fantastic."},{"speaker":"Alex Jarbo","startTime":328.295,"endTime":328.355,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":328.475,"endTime":329.97,"body":"And then of"},{"speaker":"Average Joe Finances","startTime":328.475,"endTime":329.97,"body":"course, yeah you had mentioned that"},{"speaker":"Average Joe Finances","startTime":329.97,"endTime":332.552,"body":"you, when you first moved there, you"},{"speaker":"Average Joe Finances","startTime":329.97,"endTime":332.552,"body":"got your broker's license and you"},{"speaker":"Average Joe Finances","startTime":332.557,"endTime":333.692,"body":"were doing that, so that's great."},{"speaker":"Average Joe Finances","startTime":333.719,"endTime":336.545,"body":"The good thing about that too is, most"},{"speaker":"Average Joe Finances","startTime":333.719,"endTime":336.545,"body":"people, when they get their real estate"},{"speaker":"Average Joe Finances","startTime":336.545,"endTime":338.226,"body":"license at first it it's a struggle."},{"speaker":"Average Joe Finances","startTime":338.231,"endTime":340.086,"body":"I know that from when I got mine, right?"},{"speaker":"Alex Jarbo","startTime":340.136,"endTime":340.546,"body":"Absolutely, men."},{"speaker":"Average Joe Finances","startTime":340.566,"endTime":341.82,"body":"It's a"},{"speaker":"Average Joe Finances","startTime":340.566,"endTime":341.82,"body":"struggle when you're trying to"},{"speaker":"Average Joe Finances","startTime":341.82,"endTime":345.3,"body":"figure it out and you don't have a"},{"speaker":"Average Joe Finances","startTime":341.82,"endTime":345.3,"body":"job and you don't have an income."},{"speaker":"Average Joe Finances","startTime":345.65,"endTime":350.007,"body":"So to see that you've stuck it out"},{"speaker":"Average Joe Finances","startTime":345.65,"endTime":350.007,"body":"and be, to be able to do what you"},{"speaker":"Average Joe Finances","startTime":350.007,"endTime":353.813,"body":"did and build what you've built so"},{"speaker":"Average Joe Finances","startTime":350.007,"endTime":353.813,"body":"far and to see where you're going"},{"speaker":"Average Joe Finances","startTime":354.113,"endTime":355.943,"body":"is just absolutely amazing, man."},{"speaker":"Average Joe Finances","startTime":355.948,"endTime":357.533,"body":"And that's why you're on my show, because."},{"speaker":"Alex Jarbo","startTime":357.538,"endTime":358.223,"body":"Oh, I appreciate that, man."},{"speaker":"Average Joe Finances","startTime":358.223,"endTime":359.764,"body":"You're the"},{"speaker":"Average Joe Finances","startTime":358.223,"endTime":359.764,"body":"kind of person I wanna talk to."},{"speaker":"Average Joe Finances","startTime":359.834,"endTime":362.196,"body":"I just got out of the Navy, this"},{"speaker":"Average Joe Finances","startTime":359.834,"endTime":362.196,"body":"is one of those things that kind of"},{"speaker":"Average Joe Finances","startTime":362.196,"endTime":364.296,"body":"motivates me to get off my button Yeah."},{"speaker":"Average Joe Finances","startTime":364.566,"endTime":366.856,"body":"And keep doing what I'm"},{"speaker":"Average Joe Finances","startTime":364.566,"endTime":366.856,"body":"doing because I know."},{"speaker":"Average Joe Finances","startTime":366.882,"endTime":368.502,"body":"It's gonna be profitable in the future."},{"speaker":"Average Joe Finances","startTime":368.502,"endTime":369.612,"body":"It's gonna work out, right?"},{"speaker":"Average Joe Finances","startTime":369.612,"endTime":370.602,"body":"So you just gotta keep going."},{"speaker":"Average Joe Finances","startTime":370.602,"endTime":371.352,"body":"You gotta stay the course."},{"speaker":"Average Joe Finances","startTime":371.393,"endTime":372.233,"body":"That's awesome, man."},{"speaker":"Average Joe Finances","startTime":372.503,"endTime":376.511,"body":"Now I understand that, you are"},{"speaker":"Average Joe Finances","startTime":372.503,"endTime":376.511,"body":"having trouble finding deals, right?"},{"speaker":"Average Joe Finances","startTime":376.511,"endTime":377.661,"body":"At least in your price range."},{"speaker":"Average Joe Finances","startTime":377.661,"endTime":381.867,"body":"What made you come up with thinking that,"},{"speaker":"Average Joe Finances","startTime":377.661,"endTime":381.867,"body":"buying cabins or just or developing them."},{"speaker":"Average Joe Finances","startTime":382.297,"endTime":386.377,"body":"Would be more cost effective"},{"speaker":"Average Joe Finances","startTime":382.297,"endTime":386.377,"body":"than just going out and finding"},{"speaker":"Average Joe Finances","startTime":386.377,"endTime":387.397,"body":"a deal that's already made."},{"speaker":"Average Joe Finances","startTime":387.466,"endTime":391.336,"body":"I feel like there's so much more"},{"speaker":"Average Joe Finances","startTime":387.466,"endTime":391.336,"body":"involved in the development side"},{"speaker":"Average Joe Finances","startTime":391.696,"endTime":393.916,"body":"versus, and plus that wait time too."},{"speaker":"Average Joe Finances","startTime":394.366,"endTime":397.816,"body":"So what made you decide to just go"},{"speaker":"Average Joe Finances","startTime":394.366,"endTime":397.816,"body":"that route instead of maybe even"},{"speaker":"Average Joe Finances","startTime":397.816,"endTime":399.016,"body":"trying to find off market deals?"},{"speaker":"Alex Jarbo","startTime":399.116,"endTime":401.216,"body":"Yeah, so the,"},{"speaker":"Alex Jarbo","startTime":399.116,"endTime":401.216,"body":"a couple things with that."},{"speaker":"Alex Jarbo","startTime":401.216,"endTime":405.305,"body":"So a lot of people ask me like how were"},{"speaker":"Alex Jarbo","startTime":401.216,"endTime":405.305,"body":"you so confident that was gonna do well?"},{"speaker":"Alex Jarbo","startTime":405.635,"endTime":409.932,"body":"And it's I wasn't, I just had"},{"speaker":"Alex Jarbo","startTime":405.635,"endTime":409.932,"body":"backup plans put in place, I always"},{"speaker":"Alex Jarbo","startTime":409.932,"endTime":411.522,"body":"like to think of the exit in mind."},{"speaker":"Alex Jarbo","startTime":411.522,"endTime":415.537,"body":"And with real estate investors, that's"},{"speaker":"Alex Jarbo","startTime":411.522,"endTime":415.537,"body":"pretty easy to understand, but when"},{"speaker":"Alex Jarbo","startTime":415.537,"endTime":418.687,"body":"you're putting together like a business,"},{"speaker":"Alex Jarbo","startTime":415.537,"endTime":418.687,"body":"it's a little difficult to think about"},{"speaker":"Alex Jarbo","startTime":418.687,"endTime":420.997,"body":"your baby, your business ending one day."},{"speaker":"Alex Jarbo","startTime":421.207,"endTime":424.05,"body":"But you always need to be thinking"},{"speaker":"Alex Jarbo","startTime":421.207,"endTime":424.05,"body":"no matter what you're in, you need"},{"speaker":"Alex Jarbo","startTime":424.05,"endTime":425.31,"body":"to be thinking the exit in mind."},{"speaker":"Alex Jarbo","startTime":425.332,"endTime":426.562,"body":"Outside of marriage, I would say."},{"speaker":"Alex Jarbo","startTime":426.892,"endTime":430.309,"body":"And so I had underwritten that"},{"speaker":"Alex Jarbo","startTime":426.892,"endTime":430.309,"body":"property as a long-term rental"},{"speaker":"Alex Jarbo","startTime":430.309,"endTime":433.639,"body":"initially, and then the second exit"},{"speaker":"Alex Jarbo","startTime":430.309,"endTime":433.639,"body":"was just selling that property."},{"speaker":"Alex Jarbo","startTime":433.699,"endTime":436.939,"body":"All of our properties are permanent"},{"speaker":"Alex Jarbo","startTime":433.699,"endTime":436.939,"body":"foundation stick-built houses, so like"},{"speaker":"Alex Jarbo","startTime":436.944,"endTime":440.209,"body":"anybody can get a loan on our properties"},{"speaker":"Alex Jarbo","startTime":436.944,"endTime":440.209,"body":"if we ever sold them individually."},{"speaker":"Alex Jarbo","startTime":440.779,"endTime":444.679,"body":"So those were the two exits I had in"},{"speaker":"Alex Jarbo","startTime":440.779,"endTime":444.679,"body":"mind was I was like, okay, if this"},{"speaker":"Alex Jarbo","startTime":444.679,"endTime":447.621,"body":"doesn't work out as a short-term rental"},{"speaker":"Alex Jarbo","startTime":444.679,"endTime":447.621,"body":"I'm just gonna either rent it out"},{"speaker":"Alex Jarbo","startTime":447.621,"endTime":449.511,"body":"mid-term or long to a long-term tenant."},{"speaker":"Alex Jarbo","startTime":449.881,"endTime":451.111,"body":"Or I'm just gonna sell it off."},{"speaker":"Alex Jarbo","startTime":451.137,"endTime":454.543,"body":"Where it came to comparing the numbers"},{"speaker":"Alex Jarbo","startTime":451.137,"endTime":454.543,"body":"to answer your original question I had a"},{"speaker":"Alex Jarbo","startTime":454.543,"endTime":457.963,"body":"GC friend of mine that I just asked him"},{"speaker":"Alex Jarbo","startTime":454.543,"endTime":457.963,"body":"what the price per square foot was and"},{"speaker":"Alex Jarbo","startTime":458.173,"endTime":460.093,"body":"site costs and everything like generally."},{"speaker":"Alex Jarbo","startTime":460.125,"endTime":464.303,"body":"And I had an idea that it would"},{"speaker":"Alex Jarbo","startTime":460.125,"endTime":464.303,"body":"rent better or it would, it was just"},{"speaker":"Alex Jarbo","startTime":464.303,"endTime":466.158,"body":"cheaper to build than it was to buy."},{"speaker":"Alex Jarbo","startTime":466.166,"endTime":468.296,"body":"And to put it in perspective,"},{"speaker":"Alex Jarbo","startTime":466.166,"endTime":468.296,"body":"I always like to use that"},{"speaker":"Alex Jarbo","startTime":468.296,"endTime":469.556,"body":"first one as a good example."},{"speaker":"Alex Jarbo","startTime":470.206,"endTime":473.999,"body":"We built, we purchased the land and there"},{"speaker":"Alex Jarbo","startTime":470.206,"endTime":473.999,"body":"was a separate land deal that happened"},{"speaker":"Alex Jarbo","startTime":473.999,"endTime":475.409,"body":"that we made some money on that too."},{"speaker":"Alex Jarbo","startTime":475.409,"endTime":479.069,"body":"But we purchased the land,"},{"speaker":"Alex Jarbo","startTime":475.409,"endTime":479.069,"body":"turnkey, built the property."},{"speaker":"Alex Jarbo","startTime":479.069,"endTime":481.049,"body":"It was about 250 grand turnkey."},{"speaker":"Alex Jarbo","startTime":481.619,"endTime":485.669,"body":"I probably put about 30 grand of my"},{"speaker":"Alex Jarbo","startTime":481.619,"endTime":485.669,"body":"own money, 35 grand of my own money,"},{"speaker":"Alex Jarbo","startTime":485.669,"endTime":490.619,"body":"withholding costs and furnishing and"},{"speaker":"Alex Jarbo","startTime":485.669,"endTime":490.619,"body":"everything that property last year"},{"speaker":"Alex Jarbo","startTime":490.994,"endTime":496.874,"body":"grossed 83,000, 82,000, and then it"},{"speaker":"Alex Jarbo","startTime":490.994,"endTime":496.874,"body":"netted after debt service, 46,000."},{"speaker":"Alex Jarbo","startTime":497.444,"endTime":501.924,"body":"So it's like my ROI on that property,"},{"speaker":"Alex Jarbo","startTime":497.444,"endTime":501.924,"body":"again, that's prior to Covid, but my ROI"},{"speaker":"Alex Jarbo","startTime":501.944,"endTime":505.964,"body":"on that property has been over a hundred"},{"speaker":"Alex Jarbo","startTime":501.944,"endTime":505.964,"body":"percent an annualized, which is crazy."},{"speaker":"Alex Jarbo","startTime":505.97,"endTime":506.62,"body":"Every year."},{"speaker":"Alex Jarbo","startTime":506.86,"endTime":511.685,"body":"And if you factor in covid, Cost"},{"speaker":"Alex Jarbo","startTime":506.86,"endTime":511.685,"body":"of labor, cost of materials, you're"},{"speaker":"Alex Jarbo","startTime":511.685,"endTime":515.825,"body":"still looking at like a 50 to 70%"},{"speaker":"Alex Jarbo","startTime":511.685,"endTime":515.825,"body":"return on your money, which is crazy."},{"speaker":"Alex Jarbo","startTime":516.515,"endTime":520.043,"body":"So that, to answer your original question,"},{"speaker":"Alex Jarbo","startTime":516.515,"endTime":520.043,"body":"that's what I look, we looked at the"},{"speaker":"Alex Jarbo","startTime":520.043,"endTime":523.403,"body":"numbers and it was just, if it looked"},{"speaker":"Alex Jarbo","startTime":520.043,"endTime":523.403,"body":"like it was cheaper to build cause we"},{"speaker":"Alex Jarbo","startTime":523.403,"endTime":527.363,"body":"had complete control over it, even if"},{"speaker":"Alex Jarbo","startTime":523.403,"endTime":527.363,"body":"we had to wait another 8 to 10 months"},{"speaker":"Alex Jarbo","startTime":527.363,"endTime":528.873,"body":"for the property to be fully done."},{"speaker":"Average Joe Finances","startTime":528.973,"endTime":529.243,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":529.273,"endTime":529.663,"body":"Wow."},{"speaker":"Average Joe Finances","startTime":529.715,"endTime":533.101,"body":"That's insane when you actually"},{"speaker":"Average Joe Finances","startTime":529.715,"endTime":533.101,"body":"put the numbers out there."},{"speaker":"Average Joe Finances","startTime":533.371,"endTime":535.861,"body":"Now, this was back in 2015, right?"},{"speaker":"Average Joe Finances","startTime":535.861,"endTime":536.841,"body":"2015, 2016."},{"speaker":"Alex Jarbo","startTime":536.861,"endTime":539.791,"body":"2017 is by the time"},{"speaker":"Alex Jarbo","startTime":536.861,"endTime":539.791,"body":"that first one was fully built."},{"speaker":"Alex Jarbo","startTime":539.821,"endTime":540.061,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":540.091,"endTime":540.391,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":540.541,"endTime":540.841,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":540.841,"endTime":541.261,"body":"Right on."},{"speaker":"Alex Jarbo","startTime":541.266,"endTime":541.321,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":541.321,"endTime":543.811,"body":"And then we started development"},{"speaker":"Alex Jarbo","startTime":541.321,"endTime":543.811,"body":"on other ones while that was"},{"speaker":"Alex Jarbo","startTime":543.811,"endTime":545.506,"body":"like almost completed as well."},{"speaker":"Average Joe Finances","startTime":545.636,"endTime":546.126,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":546.256,"endTime":546.406,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":546.916,"endTime":550.227,"body":"Now So I'll get back to the"},{"speaker":"Average Joe Finances","startTime":546.916,"endTime":550.227,"body":"reason why I asked the timeframe."},{"speaker":"Average Joe Finances","startTime":550.227,"endTime":553.243,"body":"But I wanted to ask you something else"},{"speaker":"Average Joe Finances","startTime":550.227,"endTime":553.243,"body":"too, like with when you, after you"},{"speaker":"Average Joe Finances","startTime":553.243,"endTime":556.153,"body":"developed that first one, or actually"},{"speaker":"Average Joe Finances","startTime":553.243,"endTime":556.153,"body":"before you even developed it, how did"},{"speaker":"Average Joe Finances","startTime":556.158,"endTime":558.913,"body":"you figure out where you wanted to build?"},{"speaker":"Average Joe Finances","startTime":558.943,"endTime":559.343,"body":"What was."},{"speaker":"Alex Jarbo","startTime":559.36,"endTime":559.758,"body":"I love that."},{"speaker":"Alex Jarbo","startTime":559.758,"endTime":560.078,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":560.128,"endTime":561.556,"body":"What was the"},{"speaker":"Average Joe Finances","startTime":560.128,"endTime":561.556,"body":"things you were looking at, some"},{"speaker":"Average Joe Finances","startTime":561.556,"endTime":563.453,"body":"of the KPIs and things like that."},{"speaker":"Alex Jarbo","startTime":563.6,"endTime":566.606,"body":"Yeah, so it's KPI, so"},{"speaker":"Alex Jarbo","startTime":563.6,"endTime":566.606,"body":"it's not really a number to put on it."},{"speaker":"Alex Jarbo","startTime":566.606,"endTime":568.726,"body":"It's more like there's two"},{"speaker":"Alex Jarbo","startTime":566.606,"endTime":568.726,"body":"things that come with that."},{"speaker":"Alex Jarbo","startTime":568.726,"endTime":571.486,"body":"One is if you're just starting"},{"speaker":"Alex Jarbo","startTime":568.726,"endTime":571.486,"body":"off brand new and you're like,"},{"speaker":"Alex Jarbo","startTime":571.491,"endTime":572.806,"body":"I'd have no idea where to invest."},{"speaker":"Alex Jarbo","startTime":572.806,"endTime":574.246,"body":"I live in a busy metro market."},{"speaker":"Alex Jarbo","startTime":574.246,"endTime":577.156,"body":"Most of my properties are in a"},{"speaker":"Alex Jarbo","startTime":574.246,"endTime":577.156,"body":"more rural setting, about 15 to"},{"speaker":"Alex Jarbo","startTime":577.156,"endTime":578.686,"body":"25 minutes away from downtown."},{"speaker":"Alex Jarbo","startTime":579.226,"endTime":582.076,"body":"So that's number one is I like to"},{"speaker":"Alex Jarbo","startTime":579.226,"endTime":582.076,"body":"go a little bit further out than"},{"speaker":"Alex Jarbo","startTime":582.076,"endTime":583.666,"body":"the city, land prices are cheaper."},{"speaker":"Alex Jarbo","startTime":584.066,"endTime":587.576,"body":"People are now used to driving,"},{"speaker":"Alex Jarbo","startTime":584.066,"endTime":587.576,"body":"compared to just Ubering everywhere,"},{"speaker":"Alex Jarbo","startTime":587.576,"endTime":591.026,"body":"like to these, like I invest in"},{"speaker":"Alex Jarbo","startTime":587.576,"endTime":591.026,"body":"mountain markets, mountain and wooded"},{"speaker":"Alex Jarbo","startTime":591.026,"endTime":593.946,"body":"markets, so people already understand"},{"speaker":"Alex Jarbo","startTime":591.026,"endTime":593.946,"body":"they're driving to these areas."},{"speaker":"Alex Jarbo","startTime":594.046,"endTime":596.986,"body":"I like to say to people who are just"},{"speaker":"Alex Jarbo","startTime":594.046,"endTime":596.986,"body":"starting that live in busy metro"},{"speaker":"Alex Jarbo","startTime":596.986,"endTime":601.206,"body":"markets that want to get into this is"},{"speaker":"Alex Jarbo","startTime":596.986,"endTime":601.206,"body":"no matter where you live, there is a"},{"speaker":"Alex Jarbo","startTime":601.206,"endTime":605.706,"body":"community or a pocket or a city, or it"},{"speaker":"Alex Jarbo","startTime":601.206,"endTime":605.706,"body":"might be multiple cities that people"},{"speaker":"Alex Jarbo","startTime":605.706,"endTime":609.816,"body":"like to vacation in your city, that"},{"speaker":"Alex Jarbo","startTime":605.706,"endTime":609.816,"body":"people like to take weekend extended"},{"speaker":"Alex Jarbo","startTime":610.306,"endTime":613.506,"body":"vacations to, like extended weekends"},{"speaker":"Alex Jarbo","startTime":610.306,"endTime":613.506,"body":"vacations to .That market might be"},{"speaker":"Alex Jarbo","startTime":613.506,"endTime":615.141,"body":"anywhere between one to three hours away."},{"speaker":"Alex Jarbo","startTime":615.141,"endTime":616.881,"body":"I like to use the two extreme examples."},{"speaker":"Alex Jarbo","startTime":616.881,"endTime":617.781,"body":"You have New York City."},{"speaker":"Alex Jarbo","startTime":617.781,"endTime":620.301,"body":"On one side of the country,"},{"speaker":"Alex Jarbo","startTime":617.781,"endTime":620.301,"body":"people will drive to upstate new."},{"speaker":"Alex Jarbo","startTime":620.826,"endTime":621.366,"body":"all the time."},{"speaker":"Alex Jarbo","startTime":621.696,"endTime":624.066,"body":"And then on the other side of the"},{"speaker":"Alex Jarbo","startTime":621.696,"endTime":624.066,"body":"country, you have San Diego, people"},{"speaker":"Alex Jarbo","startTime":624.066,"endTime":625.776,"body":"drive to Big Bear Lake all the time."},{"speaker":"Alex Jarbo","startTime":625.986,"endTime":628.026,"body":"So the, those are the two"},{"speaker":"Alex Jarbo","startTime":625.986,"endTime":628.026,"body":"extremes I like to use."},{"speaker":"Alex Jarbo","startTime":628.326,"endTime":631.656,"body":"And those, there's hundreds of those"},{"speaker":"Alex Jarbo","startTime":628.326,"endTime":631.656,"body":"cities throughout the whole country that"},{"speaker":"Alex Jarbo","startTime":631.656,"endTime":633.216,"body":"people can invest in that are close."},{"speaker":"Alex Jarbo","startTime":633.666,"endTime":637.296,"body":"So that's number one, is identifying"},{"speaker":"Alex Jarbo","startTime":633.666,"endTime":637.296,"body":"that pocket market or that pocket city"},{"speaker":"Alex Jarbo","startTime":637.476,"endTime":638.886,"body":"that you can build these properties in."},{"speaker":"Alex Jarbo","startTime":639.096,"endTime":642.208,"body":"And then the second thing is, and this"},{"speaker":"Alex Jarbo","startTime":639.096,"endTime":642.208,"body":"goes for any property you're developing."},{"speaker":"Alex Jarbo","startTime":642.349,"endTime":646.099,"body":"You want to be thinking about the you"},{"speaker":"Alex Jarbo","startTime":642.349,"endTime":646.099,"body":"want to be thinking about the entire"},{"speaker":"Alex Jarbo","startTime":646.099,"endTime":650.078,"body":"guest experience and what that means"},{"speaker":"Alex Jarbo","startTime":646.099,"endTime":650.078,"body":"is not just the experience of the guest"},{"speaker":"Alex Jarbo","startTime":650.083,"endTime":653.678,"body":"staying at your property, but also"},{"speaker":"Alex Jarbo","startTime":650.083,"endTime":653.678,"body":"the drive to and from the property."},{"speaker":"Alex Jarbo","startTime":654.308,"endTime":657.898,"body":"So access is very important, and when"},{"speaker":"Alex Jarbo","startTime":654.308,"endTime":657.898,"body":"I say access, you don't want your"},{"speaker":"Alex Jarbo","startTime":657.898,"endTime":661.648,"body":"guest to be driving 30 minutes up on"},{"speaker":"Alex Jarbo","startTime":657.898,"endTime":661.648,"body":"Gravel road to get to your property."},{"speaker":"Alex Jarbo","startTime":661.858,"endTime":664.018,"body":"A lot of times the guest is"},{"speaker":"Alex Jarbo","startTime":661.858,"endTime":664.018,"body":"gonna be driving at night."},{"speaker":"Alex Jarbo","startTime":664.198,"endTime":665.248,"body":"A lot of times the guest."},{"speaker":"Alex Jarbo","startTime":665.415,"endTime":669.525,"body":"New to the area and maybe their cell phone"},{"speaker":"Alex Jarbo","startTime":665.415,"endTime":669.525,"body":"reception just cut out for some reason."},{"speaker":"Alex Jarbo","startTime":669.855,"endTime":673.065,"body":"You don't want your guests to be"},{"speaker":"Alex Jarbo","startTime":669.855,"endTime":673.065,"body":"annoyed and scared or scared by the"},{"speaker":"Alex Jarbo","startTime":673.065,"endTime":674.515,"body":"time they even get to your property."},{"speaker":"Alex Jarbo","startTime":674.52,"endTime":677.685,"body":"So a outside of market selection"},{"speaker":"Alex Jarbo","startTime":674.52,"endTime":677.685,"body":"and property selection."},{"speaker":"Alex Jarbo","startTime":677.795,"endTime":680.645,"body":"When you're looking for land"},{"speaker":"Alex Jarbo","startTime":677.795,"endTime":680.645,"body":"access is probably the most"},{"speaker":"Alex Jarbo","startTime":680.65,"endTime":682.295,"body":"important to thing to think about."},{"speaker":"Alex Jarbo","startTime":682.835,"endTime":685.805,"body":"We like to be off of some sort"},{"speaker":"Alex Jarbo","startTime":682.835,"endTime":685.805,"body":"of paved road, even if we have"},{"speaker":"Alex Jarbo","startTime":685.805,"endTime":687.095,"body":"to put our own driveway in."},{"speaker":"Average Joe Finances","startTime":687.295,"endTime":688.007,"body":"Yeah, that's fair."},{"speaker":"Average Joe Finances","startTime":688.057,"endTime":692.518,"body":"And a big key point to take away there"},{"speaker":"Average Joe Finances","startTime":688.057,"endTime":692.518,"body":"too, access it might not be something you"},{"speaker":"Average Joe Finances","startTime":692.518,"endTime":695.818,"body":"think about, especially if you're building"},{"speaker":"Average Joe Finances","startTime":692.518,"endTime":695.818,"body":"or developing in like rural areas."},{"speaker":"Average Joe Finances","startTime":695.818,"endTime":699.328,"body":"Like you said, very common to"},{"speaker":"Average Joe Finances","startTime":695.818,"endTime":699.328,"body":"see like dirt and gravel roads."},{"speaker":"Average Joe Finances","startTime":699.355,"endTime":703.06,"body":"And if you have people that are"},{"speaker":"Average Joe Finances","startTime":699.355,"endTime":703.06,"body":"traveling from, Florida City or, yeah."},{"speaker":"Average Joe Finances","startTime":703.081,"endTime":704.713,"body":"Or just even driving pretty far, right?"},{"speaker":"Average Joe Finances","startTime":705.073,"endTime":707.862,"body":"And they're used to paved"},{"speaker":"Average Joe Finances","startTime":705.073,"endTime":707.862,"body":"roads or they're driving their"},{"speaker":"Average Joe Finances","startTime":707.862,"endTime":709.182,"body":"nice car and they don't wanna."},{"speaker":"Average Joe Finances","startTime":709.219,"endTime":710.509,"body":"Get the rocks, chipping it up."},{"speaker":"Average Joe Finances","startTime":710.509,"endTime":713.961,"body":"So that's huge that, it's funny that"},{"speaker":"Average Joe Finances","startTime":710.509,"endTime":713.961,"body":"you mentioned those two extremes, right?"},{"speaker":"Average Joe Finances","startTime":713.961,"endTime":717.561,"body":"Because I know people that live in San"},{"speaker":"Average Joe Finances","startTime":713.961,"endTime":717.561,"body":"Diego that invest in Big Bear Lake."},{"speaker":"Alex Jarbo","startTime":717.591,"endTime":717.651,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":717.831,"endTime":720.201,"body":"I know people"},{"speaker":"Average Joe Finances","startTime":717.831,"endTime":720.201,"body":"that live in New York and invest in"},{"speaker":"Average Joe Finances","startTime":720.201,"endTime":724.221,"body":"upstate New York because it's just,"},{"speaker":"Average Joe Finances","startTime":720.201,"endTime":724.221,"body":"that's just where people go, right?"},{"speaker":"Average Joe Finances","startTime":724.226,"endTime":725.386,"body":"That's where people migrate to."},{"speaker":"Alex Jarbo","startTime":725.436,"endTime":725.676,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":725.736,"endTime":728.136,"body":"Especially"},{"speaker":"Average Joe Finances","startTime":725.736,"endTime":728.136,"body":"like certain times of the year"},{"speaker":"Average Joe Finances","startTime":728.136,"endTime":729.456,"body":"where it gets really specific."},{"speaker":"Average Joe Finances","startTime":729.501,"endTime":731.524,"body":"People traveling upstate"},{"speaker":"Average Joe Finances","startTime":729.501,"endTime":731.524,"body":"New York not only."},{"speaker":"Average Joe Finances","startTime":731.919,"endTime":735.249,"body":"You have of course your busy summer"},{"speaker":"Average Joe Finances","startTime":731.919,"endTime":735.249,"body":"months and everything too, but the"},{"speaker":"Average Joe Finances","startTime":735.249,"endTime":736.959,"body":"fall, like you get a lot of stuff."},{"speaker":"Average Joe Finances","startTime":736.981,"endTime":737.211,"body":"Especially."},{"speaker":"Alex Jarbo","startTime":737.211,"endTime":738.171,"body":"Fall huge where I'm at."},{"speaker":"Alex Jarbo","startTime":738.171,"endTime":739.551,"body":"That's our busiest season here."},{"speaker":"Alex Jarbo","startTime":739.611,"endTime":740.331,"body":"Yeah, for sure."},{"speaker":"Average Joe Finances","startTime":740.511,"endTime":741.681,"body":"Especially"},{"speaker":"Average Joe Finances","startTime":740.511,"endTime":741.681,"body":"yeah, in the mountains, right?"},{"speaker":"Average Joe Finances","startTime":741.686,"endTime":744.806,"body":"You said you invest in mountain"},{"speaker":"Average Joe Finances","startTime":741.686,"endTime":744.806,"body":"and wooded areas, so that's huge."},{"speaker":"Average Joe Finances","startTime":745.106,"endTime":748.886,"body":"So knowing like when your busy"},{"speaker":"Average Joe Finances","startTime":745.106,"endTime":748.886,"body":"times are gonna be is also"},{"speaker":"Average Joe Finances","startTime":748.891,"endTime":750.056,"body":"pretty important too, right?"},{"speaker":"Average Joe Finances","startTime":750.056,"endTime":754.531,"body":"Because you're probably gonna be getting"},{"speaker":"Average Joe Finances","startTime":750.056,"endTime":754.531,"body":"more calls, more bookings, more questions"},{"speaker":"Average Joe Finances","startTime":754.536,"endTime":755.981,"body":"being asked during that timeframe."},{"speaker":"Average Joe Finances","startTime":755.981,"endTime":757.6,"body":"Actually let's talk about"},{"speaker":"Average Joe Finances","startTime":755.981,"endTime":757.6,"body":"that for a second too."},{"speaker":"Average Joe Finances","startTime":757.6,"endTime":762.763,"body":"How do you manage, your actual time when"},{"speaker":"Average Joe Finances","startTime":757.6,"endTime":762.763,"body":"it comes to putting this all together"},{"speaker":"Average Joe Finances","startTime":762.793,"endTime":766.523,"body":"during your busy times, during your down"},{"speaker":"Average Joe Finances","startTime":762.793,"endTime":766.523,"body":"times, what is something that you would"},{"speaker":"Average Joe Finances","startTime":766.523,"endTime":768.353,"body":"do during, I guess maybe off peak season?"},{"speaker":"Alex Jarbo","startTime":768.52,"endTime":770.65,"body":"So let me say something"},{"speaker":"Alex Jarbo","startTime":768.52,"endTime":770.65,"body":"into the seasonality piece."},{"speaker":"Alex Jarbo","startTime":770.65,"endTime":774.88,"body":"So usually I like to say we're building"},{"speaker":"Alex Jarbo","startTime":770.65,"endTime":774.88,"body":"Instagramable properties is what I say."},{"speaker":"Alex Jarbo","startTime":774.88,"endTime":778.09,"body":"It's properties where people would be"},{"speaker":"Alex Jarbo","startTime":774.88,"endTime":778.09,"body":"proud to put on their social media."},{"speaker":"Alex Jarbo","startTime":778.63,"endTime":783.765,"body":"With that being said our high season is"},{"speaker":"Alex Jarbo","startTime":778.63,"endTime":783.765,"body":"summer and fall, like I just said, but"},{"speaker":"Alex Jarbo","startTime":783.865,"endTime":787.105,"body":"we're building a frames, we're building"},{"speaker":"Alex Jarbo","startTime":783.865,"endTime":787.105,"body":"log cabins, we're building cottages."},{"speaker":"Alex Jarbo","startTime":787.135,"endTime":789.655,"body":"We're playing around with tree"},{"speaker":"Alex Jarbo","startTime":787.135,"endTime":789.655,"body":"houses and stuff like that."},{"speaker":"Alex Jarbo","startTime":789.985,"endTime":791.845,"body":"These types of unique properties."},{"speaker":"Alex Jarbo","startTime":792.217,"endTime":795.607,"body":"There's some sort of seasonality, they're"},{"speaker":"Alex Jarbo","startTime":792.217,"endTime":795.607,"body":"not as seasonal is what I'm trying to say."},{"speaker":"Alex Jarbo","startTime":795.907,"endTime":798.307,"body":"And the reason being is nothing"},{"speaker":"Alex Jarbo","startTime":795.907,"endTime":798.307,"body":"gets outside of, again, the"},{"speaker":"Alex Jarbo","startTime":798.307,"endTime":800.227,"body":"summer and fall, busy season."},{"speaker":"Alex Jarbo","startTime":800.527,"endTime":803.737,"body":"Nothing gets more iconic than like"},{"speaker":"Alex Jarbo","startTime":800.527,"endTime":803.737,"body":"a log cabin with a mountain view."},{"speaker":"Alex Jarbo","startTime":803.737,"endTime":804.667,"body":"With a hot tub right."},{"speaker":"Alex Jarbo","startTime":804.667,"endTime":805.267,"body":"In the winter."},{"speaker":"Average Joe Finances","startTime":805.687,"endTime":805.747,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":805.837,"endTime":808.715,"body":"So the unique cab,"},{"speaker":"Alex Jarbo","startTime":805.837,"endTime":808.715,"body":"the unique properties tend to"},{"speaker":"Alex Jarbo","startTime":808.745,"endTime":810.005,"body":"be a little bit less seasonal."},{"speaker":"Alex Jarbo","startTime":810.185,"endTime":812.885,"body":"When it comes to the management"},{"speaker":"Alex Jarbo","startTime":810.185,"endTime":812.885,"body":"piece, I like to keep a pretty"},{"speaker":"Alex Jarbo","startTime":812.885,"endTime":815.735,"body":"lean crew, and there's three or"},{"speaker":"Alex Jarbo","startTime":812.885,"endTime":815.735,"body":"four parts to the entire crew."},{"speaker":"Alex Jarbo","startTime":816.245,"endTime":819.595,"body":"Number one is automating most of"},{"speaker":"Alex Jarbo","startTime":816.245,"endTime":819.595,"body":"your messaging and you can use an"},{"speaker":"Alex Jarbo","startTime":819.595,"endTime":822.9,"body":"automated messaging tool called"},{"speaker":"Alex Jarbo","startTime":819.595,"endTime":822.9,"body":"Hospitable that syndicates about"},{"speaker":"Alex Jarbo","startTime":822.96,"endTime":825.06,"body":"60 to 70% of my own messaging."},{"speaker":"Alex Jarbo","startTime":825.136,"endTime":828.766,"body":"My pre-check in message, my"},{"speaker":"Alex Jarbo","startTime":825.136,"endTime":828.766,"body":"check-in message, my check-out"},{"speaker":"Alex Jarbo","startTime":828.786,"endTime":831.726,"body":"message, my pre-checkout"},{"speaker":"Alex Jarbo","startTime":828.786,"endTime":831.726,"body":"message, and my checkout message."},{"speaker":"Alex Jarbo","startTime":831.876,"endTime":832.926,"body":"All of that's automated."},{"speaker":"Alex Jarbo","startTime":833.556,"endTime":835.476,"body":"60 to 70% of that's automated."},{"speaker":"Alex Jarbo","startTime":835.566,"endTime":838.716,"body":"The other 20 to 30% that"},{"speaker":"Alex Jarbo","startTime":835.566,"endTime":838.716,"body":"doesn't get automated is then"},{"speaker":"Alex Jarbo","startTime":838.721,"endTime":840.106,"body":"pushed to a virtual assistant."},{"speaker":"Alex Jarbo","startTime":840.106,"endTime":842.899,"body":"And the virtual assistant we"},{"speaker":"Alex Jarbo","startTime":840.106,"endTime":842.899,"body":"source them from places that."},{"speaker":"Alex Jarbo","startTime":842.999,"endTime":846.359,"body":"The virtual assistant has either worked"},{"speaker":"Alex Jarbo","startTime":842.999,"endTime":846.359,"body":"with Marriott or Airbnb in the past,"},{"speaker":"Alex Jarbo","startTime":846.839,"endTime":850.689,"body":"and we not poached them, but like they"},{"speaker":"Alex Jarbo","startTime":846.839,"endTime":850.689,"body":"have hospitality experience, so they"},{"speaker":"Alex Jarbo","startTime":850.689,"endTime":852.399,"body":"handle 20 to 30% of the messaging."},{"speaker":"Alex Jarbo","startTime":852.699,"endTime":856.619,"body":"The third piece is gonna be a third"},{"speaker":"Alex Jarbo","startTime":852.699,"endTime":856.619,"body":"party cleaning company that specifically"},{"speaker":"Alex Jarbo","startTime":856.619,"endTime":857.849,"body":"works with short-term rentals."},{"speaker":"Alex Jarbo","startTime":858.249,"endTime":860.63,"body":"There's a big difference between"},{"speaker":"Alex Jarbo","startTime":858.249,"endTime":860.63,"body":"a cleaning company that just"},{"speaker":"Alex Jarbo","startTime":860.63,"endTime":863.21,"body":"takes care of people's houses"},{"speaker":"Alex Jarbo","startTime":860.63,"endTime":863.21,"body":"and then short term rentals."},{"speaker":"Alex Jarbo","startTime":863.282,"endTime":865.656,"body":"So the third party cleaning"},{"speaker":"Alex Jarbo","startTime":863.282,"endTime":865.656,"body":"company, we handles our"},{"speaker":"Alex Jarbo","startTime":865.661,"endTime":867.996,"body":"inventory, they handle everything."},{"speaker":"Alex Jarbo","startTime":868.026,"endTime":871.606,"body":"They take our linens offsite, clean"},{"speaker":"Alex Jarbo","startTime":868.026,"endTime":871.606,"body":"them, bring them back and they handle"},{"speaker":"Alex Jarbo","startTime":871.606,"endTime":872.701,"body":"a hundred properties in our market."},{"speaker":"Alex Jarbo","startTime":873.046,"endTime":876.106,"body":"Outside of our stuff, all of our"},{"speaker":"Alex Jarbo","startTime":873.046,"endTime":876.106,"body":"calendars are synced, so I don't have"},{"speaker":"Alex Jarbo","startTime":876.111,"endTime":877.666,"body":"to talk to anyone when it comes to that."},{"speaker":"Alex Jarbo","startTime":878.146,"endTime":880.646,"body":"And then I like to say that"},{"speaker":"Alex Jarbo","startTime":878.146,"endTime":880.646,"body":"the cleaning company is also."},{"speaker":"Alex Jarbo","startTime":881.236,"endTime":885.078,"body":"You can avoid having a COO or boots"},{"speaker":"Alex Jarbo","startTime":881.236,"endTime":885.078,"body":"on the ground manager because they"},{"speaker":"Alex Jarbo","startTime":885.078,"endTime":887.893,"body":"are going through your property"},{"speaker":"Alex Jarbo","startTime":885.078,"endTime":887.893,"body":"at least one to two times a week."},{"speaker":"Alex Jarbo","startTime":888.223,"endTime":890.263,"body":"So they're gonna be telling you if"},{"speaker":"Alex Jarbo","startTime":888.223,"endTime":890.263,"body":"something is broken, they're gonna"},{"speaker":"Alex Jarbo","startTime":890.263,"endTime":893.233,"body":"be able to handle your lost and"},{"speaker":"Alex Jarbo","startTime":890.263,"endTime":893.233,"body":"found if their guest decides if the"},{"speaker":"Alex Jarbo","startTime":893.233,"endTime":896.323,"body":"guest decides to leave their wallet"},{"speaker":"Alex Jarbo","startTime":893.233,"endTime":896.323,"body":"at the property, stuff like that."},{"speaker":"Alex Jarbo","startTime":896.443,"endTime":899.589,"body":"And then if like the wallet is left"},{"speaker":"Alex Jarbo","startTime":896.443,"endTime":899.589,"body":"or anything, they also know to talk"},{"speaker":"Alex Jarbo","startTime":899.589,"endTime":902.409,"body":"to my virtual assistant and my virtual"},{"speaker":"Alex Jarbo","startTime":899.589,"endTime":902.409,"body":"assistant knows to talk to them."},{"speaker":"Alex Jarbo","startTime":902.649,"endTime":904.911,"body":"And then the last piece is"},{"speaker":"Alex Jarbo","startTime":902.649,"endTime":904.911,"body":"gonna be or there's two more"},{"speaker":"Alex Jarbo","startTime":904.916,"endTime":906.231,"body":"pieces, a dynamic pricing."},{"speaker":"Alex Jarbo","startTime":906.766,"endTime":910.156,"body":"That adjusts pricing based"},{"speaker":"Alex Jarbo","startTime":906.766,"endTime":910.156,"body":"off of the market every single"},{"speaker":"Alex Jarbo","startTime":910.156,"endTime":911.339,"body":"night or every single day."},{"speaker":"Alex Jarbo","startTime":911.339,"endTime":913.163,"body":"That we use a tool called Price Labs."},{"speaker":"Alex Jarbo","startTime":913.163,"endTime":916.749,"body":"And the very last thing is when you"},{"speaker":"Alex Jarbo","startTime":913.163,"endTime":916.749,"body":"get over three to five properties,"},{"speaker":"Alex Jarbo","startTime":916.929,"endTime":921.189,"body":"I recommend getting like a part-time"},{"speaker":"Alex Jarbo","startTime":916.929,"endTime":921.189,"body":"maintenance person or a maintenance person"},{"speaker":"Alex Jarbo","startTime":921.189,"endTime":922.719,"body":"on retainer is what we do right now."},{"speaker":"Alex Jarbo","startTime":922.749,"endTime":925.269,"body":"And then we pay them hourly based"},{"speaker":"Alex Jarbo","startTime":922.749,"endTime":925.269,"body":"off the work that they have to"},{"speaker":"Alex Jarbo","startTime":925.274,"endTime":926.929,"body":"do and then everything else."},{"speaker":"Alex Jarbo","startTime":927.029,"endTime":930.809,"body":"Gets covered by those 5-P, The three"},{"speaker":"Alex Jarbo","startTime":927.029,"endTime":930.809,"body":"main pieces is the virtual assistant,"},{"speaker":"Alex Jarbo","startTime":930.809,"endTime":933.779,"body":"the cleaning company, and the maintenance"},{"speaker":"Alex Jarbo","startTime":930.809,"endTime":933.779,"body":"person for the boots on the ground stuff."},{"speaker":"Average Joe Finances","startTime":934.289,"endTime":934.499,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":934.499,"endTime":935.113,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":935.216,"endTime":937.821,"body":"You have a very good"},{"speaker":"Average Joe Finances","startTime":935.216,"endTime":937.821,"body":"system put in place right."},{"speaker":"Average Joe Finances","startTime":937.871,"endTime":938.891,"body":"With you being hands off."},{"speaker":"Alex Jarbo","startTime":939.141,"endTime":939.336,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":939.396,"endTime":942.106,"body":"Like for the most part, I like"},{"speaker":"Alex Jarbo","startTime":939.396,"endTime":942.106,"body":"to think about it like this."},{"speaker":"Alex Jarbo","startTime":942.106,"endTime":945.356,"body":"If you had to step away from your business"},{"speaker":"Alex Jarbo","startTime":942.106,"endTime":945.356,"body":"right now, could it survive like right"},{"speaker":"Alex Jarbo","startTime":945.356,"endTime":949.046,"body":"now, like if I just got up and left and"},{"speaker":"Alex Jarbo","startTime":945.356,"endTime":949.046,"body":"had to go visit family in Michigan or"},{"speaker":"Alex Jarbo","startTime":949.046,"endTime":950.915,"body":"whatever, Could I be able to do that?"},{"speaker":"Alex Jarbo","startTime":951.005,"endTime":953.885,"body":"And it's like the answer right now is"},{"speaker":"Alex Jarbo","startTime":951.005,"endTime":953.885,"body":"yes, but like for a while it wasn't."},{"speaker":"Alex Jarbo","startTime":953.89,"endTime":956.898,"body":"And it's like I put those,"},{"speaker":"Alex Jarbo","startTime":953.89,"endTime":956.898,"body":"I sought the right mentors."},{"speaker":"Alex Jarbo","startTime":957.078,"endTime":960.258,"body":"I put those systems in place, the"},{"speaker":"Alex Jarbo","startTime":957.078,"endTime":960.258,"body":"right knowledge to be able to do that."},{"speaker":"Alex Jarbo","startTime":960.528,"endTime":962.598,"body":"No matter what business that should"},{"speaker":"Alex Jarbo","startTime":960.528,"endTime":962.598,"body":"be, your goal is to be able to"},{"speaker":"Alex Jarbo","startTime":962.598,"endTime":964.038,"body":"step away from it if you need to."},{"speaker":"Average Joe Finances","startTime":964.182,"endTime":964.482,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":964.512,"endTime":965.064,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":965.064,"endTime":965.533,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":965.533,"endTime":970.145,"body":"I find myself outsourcing more and more"},{"speaker":"Average Joe Finances","startTime":965.533,"endTime":970.145,"body":"every day because it's super helpful"},{"speaker":"Average Joe Finances","startTime":970.205,"endTime":974.543,"body":"and it also shows that it shows growth"},{"speaker":"Average Joe Finances","startTime":970.205,"endTime":974.543,"body":"when you're able to do that, right?"},{"speaker":"Average Joe Finances","startTime":974.813,"endTime":978.28,"body":"And when you're more comfortable"},{"speaker":"Average Joe Finances","startTime":974.813,"endTime":978.28,"body":"passing the reins off to someone else"},{"speaker":"Average Joe Finances","startTime":978.308,"endTime":980.992,"body":"to allow them to also grow and develop."},{"speaker":"Average Joe Finances","startTime":980.992,"endTime":983.959,"body":"But I think the key thing here is"},{"speaker":"Average Joe Finances","startTime":980.992,"endTime":983.959,"body":"the systems that you put in place."},{"speaker":"Average Joe Finances","startTime":984.126,"endTime":987.149,"body":"Essentially automated this"},{"speaker":"Average Joe Finances","startTime":984.126,"endTime":987.149,"body":"all the functions, right?"},{"speaker":"Average Joe Finances","startTime":987.167,"endTime":990.45,"body":"And what I think is really neat too is"},{"speaker":"Average Joe Finances","startTime":987.167,"endTime":990.45,"body":"that your calendar syncs up with your"},{"speaker":"Average Joe Finances","startTime":990.45,"endTime":991.86,"body":"cleaning company's calendar, right?"},{"speaker":"Average Joe Finances","startTime":991.865,"endTime":994.95,"body":"So they know when you have somebody"},{"speaker":"Average Joe Finances","startTime":991.865,"endTime":994.95,"body":"coming and going when they have"},{"speaker":"Average Joe Finances","startTime":994.95,"endTime":998.61,"body":"to get in there and, change"},{"speaker":"Average Joe Finances","startTime":994.95,"endTime":998.61,"body":"the linens and clean the place."},{"speaker":"Average Joe Finances","startTime":998.61,"endTime":999.693,"body":"And that's fantastic."},{"speaker":"Average Joe Finances","startTime":999.721,"endTime":1003.471,"body":"Having the right systems in place"},{"speaker":"Average Joe Finances","startTime":999.721,"endTime":1003.471,"body":"is also important, not just any"},{"speaker":"Average Joe Finances","startTime":1003.471,"endTime":1005.126,"body":"system but the right system."},{"speaker":"Average Joe Finances","startTime":1005.126,"endTime":1006.986,"body":"So you named a couple good ones here."},{"speaker":"Average Joe Finances","startTime":1006.986,"endTime":1010.364,"body":"So for my listeners that are thinking"},{"speaker":"Average Joe Finances","startTime":1006.986,"endTime":1010.364,"body":"about getting into short-term"},{"speaker":"Average Joe Finances","startTime":1010.364,"endTime":1013.154,"body":"rentals or if you're already into"},{"speaker":"Average Joe Finances","startTime":1010.364,"endTime":1013.154,"body":"short-term rentals and looking to do"},{"speaker":"Average Joe Finances","startTime":1013.154,"endTime":1016.08,"body":"something different look at what Alex"},{"speaker":"Average Joe Finances","startTime":1013.154,"endTime":1016.08,"body":"is doing, man, this is fantastic."},{"speaker":"Average Joe Finances","startTime":1016.5,"endTime":1019.971,"body":"Now, I wanted to to ask you"},{"speaker":"Average Joe Finances","startTime":1016.5,"endTime":1019.971,"body":"something about the the virtual"},{"speaker":"Average Joe Finances","startTime":1019.976,"endTime":1021.555,"body":"assistance, cause I use VAs too."},{"speaker":"Average Joe Finances","startTime":1021.555,"endTime":1022.515,"body":"Absolutely love them."},{"speaker":"Average Joe Finances","startTime":1022.682,"endTime":1026.352,"body":"You'd said probably about 20 to 30% of"},{"speaker":"Average Joe Finances","startTime":1022.682,"endTime":1026.352,"body":"your messaging is coming through VAs."},{"speaker":"Average Joe Finances","startTime":1026.385,"endTime":1028.2,"body":"And you kind of did,"},{"speaker":"Average Joe Finances","startTime":1026.385,"endTime":1028.2,"body":"but didn't poach them."},{"speaker":"Average Joe Finances","startTime":1028.424,"endTime":1031.543,"body":"So how are you finding and I don't"},{"speaker":"Average Joe Finances","startTime":1028.424,"endTime":1031.543,"body":"do short term rentals, so this is"},{"speaker":"Average Joe Finances","startTime":1031.543,"endTime":1034.685,"body":"more for my listeners, but how are"},{"speaker":"Average Joe Finances","startTime":1031.543,"endTime":1034.685,"body":"you finding VAs that are in the"},{"speaker":"Average Joe Finances","startTime":1034.685,"endTime":1037.025,"body":"hospitality space that are available?"},{"speaker":"Alex Jarbo","startTime":1037.67,"endTime":1040.764,"body":"Yeah, the platform that I feel"},{"speaker":"Alex Jarbo","startTime":1037.67,"endTime":1040.764,"body":"like everyone uses that we use is Upwork."},{"speaker":"Alex Jarbo","startTime":1040.811,"endTime":1042.744,"body":"Upwork, Airbnb uses Upwork."},{"speaker":"Alex Jarbo","startTime":1042.844,"endTime":1043.044,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1043.044,"endTime":1043.045,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1043.05,"endTime":1043.224,"body":"That's fair."},{"speaker":"Average Joe Finances","startTime":1043.253,"endTime":1043.793,"body":"I use Upwork."},{"speaker":"Average Joe Finances","startTime":1043.883,"endTime":1044.623,"body":"That's how I found my VA."},{"speaker":"Alex Jarbo","startTime":1044.64,"endTime":1046.2,"body":"We just put"},{"speaker":"Alex Jarbo","startTime":1044.64,"endTime":1046.2,"body":"a job posting out there."},{"speaker":"Alex Jarbo","startTime":1046.272,"endTime":1050.142,"body":"We like to confine it to the Philippines"},{"speaker":"Alex Jarbo","startTime":1046.272,"endTime":1050.142,"body":"because that's where all their VAs are at."},{"speaker":"Alex Jarbo","startTime":1050.472,"endTime":1053.37,"body":"And then I'm not a huge fan of"},{"speaker":"Alex Jarbo","startTime":1050.472,"endTime":1053.37,"body":"actually looking for VAs, like the"},{"speaker":"Alex Jarbo","startTime":1053.37,"endTime":1056.539,"body":"job posting things way easier, have"},{"speaker":"Alex Jarbo","startTime":1053.37,"endTime":1056.539,"body":"people to come to you based off of"},{"speaker":"Alex Jarbo","startTime":1056.539,"endTime":1057.619,"body":"the stuff that you're putting out."},{"speaker":"Alex Jarbo","startTime":1057.739,"endTime":1059.449,"body":"And for people who don't know"},{"speaker":"Alex Jarbo","startTime":1057.739,"endTime":1059.449,"body":"what I'm talking about, you can"},{"speaker":"Alex Jarbo","startTime":1059.449,"endTime":1062.959,"body":"either look on, look for VAs on the"},{"speaker":"Alex Jarbo","startTime":1059.449,"endTime":1062.959,"body":"website, on Upwork, or you could"},{"speaker":"Alex Jarbo","startTime":1062.959,"endTime":1064.279,"body":"put your own job posting out there."},{"speaker":"Alex Jarbo","startTime":1064.279,"endTime":1067.325,"body":"It's like similar to Indeed and"},{"speaker":"Alex Jarbo","startTime":1064.279,"endTime":1067.325,"body":"they'll just filter themselves"},{"speaker":"Alex Jarbo","startTime":1067.33,"endTime":1070.745,"body":"through, and it's not necessarily"},{"speaker":"Alex Jarbo","startTime":1067.33,"endTime":1070.745,"body":"that they're like, it's cheaper labor"},{"speaker":"Alex Jarbo","startTime":1070.745,"endTime":1073.175,"body":"like, They know what they're doing."},{"speaker":"Alex Jarbo","startTime":1073.235,"endTime":1076.645,"body":"Like they, they have worked in the"},{"speaker":"Alex Jarbo","startTime":1073.235,"endTime":1076.645,"body":"space, they understand the platforms,"},{"speaker":"Alex Jarbo","startTime":1076.715,"endTime":1080.085,"body":"they understand what needs to get"},{"speaker":"Alex Jarbo","startTime":1076.715,"endTime":1080.085,"body":"done, if there's a guest issue."},{"speaker":"Alex Jarbo","startTime":1080.085,"endTime":1083.802,"body":"And it's, the labor is way cheaper, but"},{"speaker":"Alex Jarbo","startTime":1080.085,"endTime":1083.802,"body":"you're also paying them almost triple"},{"speaker":"Alex Jarbo","startTime":1083.802,"endTime":1085.166,"body":"what they would make in their own country."},{"speaker":"Average Joe Finances","startTime":1085.166,"endTime":1086.901,"body":"Yeah, no,"},{"speaker":"Average Joe Finances","startTime":1085.166,"endTime":1086.901,"body":"that's, and that's a great point."},{"speaker":"Average Joe Finances","startTime":1086.957,"endTime":1091.125,"body":"And just want to say that's exactly"},{"speaker":"Average Joe Finances","startTime":1086.957,"endTime":1091.125,"body":"what I did when I hired my VA as well,"},{"speaker":"Average Joe Finances","startTime":1091.151,"endTime":1095.071,"body":"cause the first one I hired, I went"},{"speaker":"Average Joe Finances","startTime":1091.151,"endTime":1095.071,"body":"out and looked for that was a mistake."},{"speaker":"Average Joe Finances","startTime":1095.461,"endTime":1097.891,"body":"The second one I hired, I put"},{"speaker":"Average Joe Finances","startTime":1095.461,"endTime":1097.891,"body":"the job posting out there."},{"speaker":"Average Joe Finances","startTime":1097.891,"endTime":1100.226,"body":"And as a matter of fact some of the people"},{"speaker":"Average Joe Finances","startTime":1097.891,"endTime":1100.226,"body":"that actually helped me with this was"},{"speaker":"Average Joe Finances","startTime":1100.226,"endTime":1104.033,"body":"another real estate investor that I know,"},{"speaker":"Average Joe Finances","startTime":1100.226,"endTime":1104.033,"body":"and also another short-term rental guy."},{"speaker":"Average Joe Finances","startTime":1104.074,"endTime":1107.797,"body":"He was actually the one that told me, Hey,"},{"speaker":"Average Joe Finances","startTime":1104.074,"endTime":1107.797,"body":"just go put the job posting on Upwork."},{"speaker":"Average Joe Finances","startTime":1107.802,"endTime":1108.847,"body":"Let them come to you."},{"speaker":"Average Joe Finances","startTime":1109.497,"endTime":1110.326,"body":"and filtered them out."},{"speaker":"Average Joe Finances","startTime":1110.326,"endTime":1111.166,"body":"And I said, okay."},{"speaker":"Average Joe Finances","startTime":1111.346,"endTime":1112.156,"body":"And that's what I did."},{"speaker":"Average Joe Finances","startTime":1112.336,"endTime":1116.236,"body":"I put the job posting out there,"},{"speaker":"Average Joe Finances","startTime":1112.336,"endTime":1116.236,"body":"filtered it out to the top five."},{"speaker":"Average Joe Finances","startTime":1116.506,"endTime":1119.716,"body":"I looked at those five even harder, took"},{"speaker":"Average Joe Finances","startTime":1116.506,"endTime":1119.716,"body":"one more out, and then I interviewed"},{"speaker":"Average Joe Finances","startTime":1119.716,"endTime":1121.396,"body":"four people and picked the one."},{"speaker":"Average Joe Finances","startTime":1121.484,"endTime":1125.084,"body":"And that particular VA has"},{"speaker":"Average Joe Finances","startTime":1121.484,"endTime":1125.084,"body":"been absolutely fantastic."},{"speaker":"Average Joe Finances","startTime":1125.089,"endTime":1127.934,"body":"As a matter of fact, I pulled"},{"speaker":"Average Joe Finances","startTime":1125.089,"endTime":1127.934,"body":"her off of Upwork and I now pay"},{"speaker":"Average Joe Finances","startTime":1127.934,"endTime":1130.094,"body":"her a monthly salary instead."},{"speaker":"Alex Jarbo","startTime":1130.124,"endTime":1130.76,"body":"I've done"},{"speaker":"Alex Jarbo","startTime":1130.124,"endTime":1130.76,"body":"that, I've done that."},{"speaker":"Average Joe Finances","startTime":1130.76,"endTime":1131.55,"body":"She's absolutely awesome."},{"speaker":"Alex Jarbo","startTime":1131.637,"endTime":1131.787,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1131.787,"endTime":1133.017,"body":"And that's great advice."},{"speaker":"Alex Jarbo","startTime":1133.437,"endTime":1133.677,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":1133.682,"endTime":1137.118,"body":"For people who are looking to do the"},{"speaker":"Alex Jarbo","startTime":1133.682,"endTime":1137.118,"body":"VA thing I have nothing against taking"},{"speaker":"Alex Jarbo","startTime":1137.118,"endTime":1140.508,"body":"them off the platform because you can"},{"speaker":"Alex Jarbo","startTime":1137.118,"endTime":1140.508,"body":"essentially pay them the same thing"},{"speaker":"Alex Jarbo","startTime":1140.508,"endTime":1141.768,"body":"if you take them off the platform."},{"speaker":"Alex Jarbo","startTime":1141.768,"endTime":1143.598,"body":"Except they'd be making 20% more."},{"speaker":"Average Joe Finances","startTime":1143.63,"endTime":1143.84,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1143.84,"endTime":1144.29,"body":"They're not losing."},{"speaker":"Alex Jarbo","startTime":1144.335,"endTime":1145.695,"body":"They'll be"},{"speaker":"Alex Jarbo","startTime":1144.335,"endTime":1145.695,"body":"even happier to do that."},{"speaker":"Alex Jarbo","startTime":1145.862,"endTime":1146.132,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1146.162,"endTime":1146.492,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1146.732,"endTime":1149.432,"body":"Now, and Upwork was great though"},{"speaker":"Average Joe Finances","startTime":1146.732,"endTime":1149.432,"body":"because one of the things I liked about"},{"speaker":"Average Joe Finances","startTime":1149.432,"endTime":1152.192,"body":"it too was like, how about actually"},{"speaker":"Average Joe Finances","startTime":1149.432,"endTime":1152.192,"body":"tracked hours and tracked time?"},{"speaker":"Average Joe Finances","startTime":1152.432,"endTime":1153.632,"body":"It was very good about."},{"speaker":"Alex Jarbo","startTime":1153.662,"endTime":1156.992,"body":"Once you get a feel for, okay"},{"speaker":"Alex Jarbo","startTime":1153.662,"endTime":1156.992,"body":".This person knows what they're doing and"},{"speaker":"Alex Jarbo","startTime":1156.992,"endTime":1159.602,"body":"they're not gonna screw me over, that's"},{"speaker":"Alex Jarbo","startTime":1156.992,"endTime":1159.602,"body":"where you can take them off the platform."},{"speaker":"Alex Jarbo","startTime":1159.602,"endTime":1159.722,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":1160.147,"endTime":1160.657,"body":"Exactly."},{"speaker":"Average Joe Finances","startTime":1160.717,"endTime":1161.167,"body":"And that Yep."},{"speaker":"Average Joe Finances","startTime":1161.227,"endTime":1161.517,"body":"And that's."},{"speaker":"Alex Jarbo","startTime":1161.517,"endTime":1161.677,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":1161.677,"endTime":1162.192,"body":"Exactly what I did."},{"speaker":"Average Joe Finances","startTime":1162.222,"endTime":1165.475,"body":"I just want to second what Alex"},{"speaker":"Average Joe Finances","startTime":1162.222,"endTime":1165.475,"body":"said that's fantastic advice."},{"speaker":"Average Joe Finances","startTime":1165.475,"endTime":1167.275,"body":"So definitely check out Upwork."},{"speaker":"Average Joe Finances","startTime":1167.605,"endTime":1167.935,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1168.175,"endTime":1168.595,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1168.595,"endTime":1171.565,"body":"Now I wanna get back to the whole"},{"speaker":"Average Joe Finances","startTime":1168.595,"endTime":1171.565,"body":"thing that I was talking about with the"},{"speaker":"Average Joe Finances","startTime":1171.57,"endTime":1173.545,"body":"dates and why that was important to me."},{"speaker":"Average Joe Finances","startTime":1173.575,"endTime":1173.965,"body":"Excuse me."},{"speaker":"Average Joe Finances","startTime":1173.965,"endTime":1175.945,"body":"So you did that first one back in 2017."},{"speaker":"Average Joe Finances","startTime":1176.012,"endTime":1181.913,"body":"And now, a lot has changed since"},{"speaker":"Average Joe Finances","startTime":1176.012,"endTime":1181.913,"body":"2017, we've had a pandemic since then."},{"speaker":"Average Joe Finances","startTime":1181.913,"endTime":1186.038,"body":"We've had all these, shortages"},{"speaker":"Average Joe Finances","startTime":1181.913,"endTime":1186.038,"body":"and supply chain issues and all"},{"speaker":"Average Joe Finances","startTime":1186.038,"endTime":1187.833,"body":"this kind of craziness going on."},{"speaker":"Average Joe Finances","startTime":1187.833,"endTime":1192.386,"body":"Are you finding right now that"},{"speaker":"Average Joe Finances","startTime":1187.833,"endTime":1192.386,"body":"short-term rentals are still profitable?"},{"speaker":"Alex Jarbo","startTime":1192.386,"endTime":1194.028,"body":"The unique"},{"speaker":"Alex Jarbo","startTime":1192.386,"endTime":1194.028,"body":"ones are for sure, man."},{"speaker":"Alex Jarbo","startTime":1194.064,"endTime":1194.864,"body":"Like we're at."},{"speaker":"Alex Jarbo","startTime":1195.529,"endTime":1199.358,"body":"We keep raising our prices on our unique"},{"speaker":"Alex Jarbo","startTime":1195.529,"endTime":1199.358,"body":"ones, like on the ones that we mainly own."},{"speaker":"Alex Jarbo","startTime":1199.358,"endTime":1200.468,"body":"And they're still book."},{"speaker":"Alex Jarbo","startTime":1200.521,"endTime":1203.791,"body":"We have a cabin that sleeps 14,"},{"speaker":"Alex Jarbo","startTime":1200.521,"endTime":1203.791,"body":"usually the luxury, bigger cabins."},{"speaker":"Alex Jarbo","startTime":1204.196,"endTime":1206.566,"body":"Tend to have a little bit"},{"speaker":"Alex Jarbo","startTime":1204.196,"endTime":1206.566,"body":"of lower occupancy, but a"},{"speaker":"Alex Jarbo","startTime":1206.566,"endTime":1207.926,"body":"higher average daily rate."},{"speaker":"Alex Jarbo","startTime":1207.973,"endTime":1211.753,"body":"But like our ones that sleep anywhere"},{"speaker":"Alex Jarbo","startTime":1207.973,"endTime":1211.753,"body":"between four to six people, those are"},{"speaker":"Alex Jarbo","startTime":1211.753,"endTime":1215.353,"body":"booked out 90%, 95% plus on occupancy."},{"speaker":"Alex Jarbo","startTime":1215.593,"endTime":1220.963,"body":"What Covid did was it pushed people out"},{"speaker":"Alex Jarbo","startTime":1215.593,"endTime":1220.963,"body":"of the cities into the more rural setting,"},{"speaker":"Alex Jarbo","startTime":1221.233,"endTime":1222.733,"body":"and people got comfortable with that."},{"speaker":"Alex Jarbo","startTime":1222.762,"endTime":1223.602,"body":"If you look at."},{"speaker":"Alex Jarbo","startTime":1223.702,"endTime":1227.587,"body":"The National Forest and the National"},{"speaker":"Alex Jarbo","startTime":1223.702,"endTime":1227.587,"body":"Park numbers for the last two years since"},{"speaker":"Alex Jarbo","startTime":1227.587,"endTime":1231.577,"body":"Covid happened, they experienced record"},{"speaker":"Alex Jarbo","startTime":1227.587,"endTime":1231.577,"body":"numbers cause that's all people were"},{"speaker":"Alex Jarbo","startTime":1231.582,"endTime":1233.99,"body":"allowed to do, was just to be outside."},{"speaker":"Alex Jarbo","startTime":1233.99,"endTime":1236.776,"body":"So that people, we got more"},{"speaker":"Alex Jarbo","startTime":1233.99,"endTime":1236.776,"body":"comfortable with traveling."},{"speaker":"Alex Jarbo","startTime":1236.776,"endTime":1240.478,"body":"And then the unique property piece, like"},{"speaker":"Alex Jarbo","startTime":1236.776,"endTime":1240.478,"body":"we talked about,  people are not getting"},{"speaker":"Alex Jarbo","startTime":1240.478,"endTime":1243.358,"body":"more high maintenance, but they're"},{"speaker":"Alex Jarbo","startTime":1240.478,"endTime":1243.358,"body":"expecting more from what they're seeing."},{"speaker":"Alex Jarbo","startTime":1243.358,"endTime":1246.439,"body":"Especially with now, like we're"},{"speaker":"Alex Jarbo","startTime":1243.358,"endTime":1246.439,"body":"going through a correction recession,"},{"speaker":"Alex Jarbo","startTime":1246.439,"endTime":1247.429,"body":"whatever you wanna call it."},{"speaker":"Alex Jarbo","startTime":1247.969,"endTime":1251.018,"body":"People are gonna be a not penny"},{"speaker":"Alex Jarbo","startTime":1247.969,"endTime":1251.018,"body":"pinching, but they're gonna be"},{"speaker":"Alex Jarbo","startTime":1251.018,"endTime":1252.893,"body":"more specific on what they book."},{"speaker":"Alex Jarbo","startTime":1253.238,"endTime":1257.076,"body":"So if they can book this beautiful cabin"},{"speaker":"Alex Jarbo","startTime":1253.238,"endTime":1257.076,"body":"or this beautiful a-frame compared to"},{"speaker":"Alex Jarbo","startTime":1257.316,"endTime":1260.736,"body":"a hotel room or maybe a boring looking"},{"speaker":"Alex Jarbo","startTime":1257.316,"endTime":1260.736,"body":"house, they're gonna do that all day"},{"speaker":"Alex Jarbo","startTime":1260.736,"endTime":1263.082,"body":"because it is just, they're gonna"},{"speaker":"Alex Jarbo","startTime":1260.736,"endTime":1263.082,"body":"get more bank for their buck here."},{"speaker":"Average Joe Finances","startTime":1263.182,"endTime":1263.482,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1263.512,"endTime":1264.504,"body":"No that's a great point."},{"speaker":"Average Joe Finances","startTime":1264.504,"endTime":1268.357,"body":"And other people that I know that are"},{"speaker":"Average Joe Finances","startTime":1264.504,"endTime":1268.357,"body":"also doing short-term rentals at least the"},{"speaker":"Average Joe Finances","startTime":1268.357,"endTime":1271.505,"body":"ones that I've seen that are doing super"},{"speaker":"Average Joe Finances","startTime":1268.357,"endTime":1271.505,"body":"well, are very unique, like you said."},{"speaker":"Average Joe Finances","startTime":1271.524,"endTime":1274.447,"body":"And that whole thing that you mentioned"},{"speaker":"Average Joe Finances","startTime":1271.524,"endTime":1274.447,"body":"earlier, like even in the wintertime that,"},{"speaker":"Average Joe Finances","startTime":1274.514,"endTime":1279.751,"body":"an amazing mountain view and a hot tub"},{"speaker":"Average Joe Finances","startTime":1274.514,"endTime":1279.751,"body":"would make anybody say, ah, okay, that's"},{"speaker":"Average Joe Finances","startTime":1279.751,"endTime":1281.131,"body":"somewhere I can go in the wintertime."},{"speaker":"Average Joe Finances","startTime":1281.131,"endTime":1283.814,"body":"So it's the little things like"},{"speaker":"Average Joe Finances","startTime":1281.131,"endTime":1283.814,"body":"that just make it different"},{"speaker":"Average Joe Finances","startTime":1283.814,"endTime":1285.846,"body":"than just a standard home."},{"speaker":"Average Joe Finances","startTime":1286.426,"endTime":1289.267,"body":"Right in the mountains, you have something"},{"speaker":"Average Joe Finances","startTime":1286.426,"endTime":1289.267,"body":"that makes it a little bit different."},{"speaker":"Average Joe Finances","startTime":1289.267,"endTime":1291.972,"body":"Something that makes people say"},{"speaker":"Average Joe Finances","startTime":1289.267,"endTime":1291.972,"body":"a weekend there would be nice."},{"speaker":"Average Joe Finances","startTime":1291.977,"endTime":1292.596,"body":"So yeah."},{"speaker":"Average Joe Finances","startTime":1292.61,"endTime":1293.122,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":1293.122,"endTime":1296.714,"body":"So that's great to know, my big thing is"},{"speaker":"Average Joe Finances","startTime":1293.122,"endTime":1296.714,"body":"I know like short-term rentals has been"},{"speaker":"Average Joe Finances","startTime":1296.719,"endTime":1301.766,"body":"like the new hotness now for a while and,"},{"speaker":"Average Joe Finances","startTime":1296.719,"endTime":1301.766,"body":"a lot of people started getting into it"},{"speaker":"Average Joe Finances","startTime":1301.966,"endTime":1305.146,"body":"and you're starting to see a lot more"},{"speaker":"Average Joe Finances","startTime":1301.966,"endTime":1305.146,"body":"regulation and that's like the biggest"},{"speaker":"Average Joe Finances","startTime":1305.146,"endTime":1309.066,"body":"thing that I feel is maybe holding some"},{"speaker":"Average Joe Finances","startTime":1305.146,"endTime":1309.066,"body":"people back, is the regulation, like I"},{"speaker":"Average Joe Finances","startTime":1309.066,"endTime":1310.656,"body":"know where I live at, out here in Hawaii."},{"speaker":"Average Joe Finances","startTime":1311.016,"endTime":1312.206,"body":"It's almost."},{"speaker":"Alex Jarbo","startTime":1312.206,"endTime":1312.846,"body":"Oh, it's intense."},{"speaker":"Alex Jarbo","startTime":1312.996,"endTime":1314.166,"body":"I know it's intense in Hawaii."},{"speaker":"Average Joe Finances","startTime":1314.166,"endTime":1314.946,"body":"Make"},{"speaker":"Average Joe Finances","startTime":1314.166,"endTime":1314.946,"body":"it happen out here, right?"},{"speaker":"Average Joe Finances","startTime":1315.017,"endTime":1318.277,"body":"There's specific areas and then you"},{"speaker":"Average Joe Finances","startTime":1315.017,"endTime":1318.277,"body":"have to have a license, and then they"},{"speaker":"Average Joe Finances","startTime":1318.277,"endTime":1322.507,"body":"only let 30,000 people have a license"},{"speaker":"Average Joe Finances","startTime":1318.277,"endTime":1322.507,"body":"and they're all given away, right?"},{"speaker":"Average Joe Finances","startTime":1322.512,"endTime":1323.199,"body":"So it's it's hard."},{"speaker":"Average Joe Finances","startTime":1323.204,"endTime":1326.979,"body":"So now you gotta find a property that"},{"speaker":"Average Joe Finances","startTime":1323.204,"endTime":1326.979,"body":"you know is in one of those zoned areas."},{"speaker":"Average Joe Finances","startTime":1327.147,"endTime":1330.002,"body":"There's a license with the property"},{"speaker":"Average Joe Finances","startTime":1327.147,"endTime":1330.002,"body":"that, that could transfer over to you."},{"speaker":"Average Joe Finances","startTime":1330.272,"endTime":1332.555,"body":"So it's crazy, like I've worked"},{"speaker":"Average Joe Finances","startTime":1330.272,"endTime":1332.555,"body":"with a couple clients that are like."},{"speaker":"Average Joe Finances","startTime":1332.555,"endTime":1334.426,"body":"Yeah, I wanna buy a short"},{"speaker":"Average Joe Finances","startTime":1332.555,"endTime":1334.426,"body":"term rental in Hawaii."},{"speaker":"Average Joe Finances","startTime":1334.431,"endTime":1337.606,"body":"And when I explain to them, this"},{"speaker":"Average Joe Finances","startTime":1334.431,"endTime":1337.606,"body":"is how you have to go about doing"},{"speaker":"Average Joe Finances","startTime":1337.606,"endTime":1338.926,"body":"it, I don't hear from them again."},{"speaker":"Alex Jarbo","startTime":1339.026,"endTime":1339.746,"body":"Yeah, for sure."},{"speaker":"Average Joe Finances","startTime":1339.803,"endTime":1340.893,"body":"It's"},{"speaker":"Average Joe Finances","startTime":1339.803,"endTime":1340.893,"body":"rough, but that's one of the"},{"speaker":"Average Joe Finances","startTime":1340.893,"endTime":1341.803,"body":"things to pay attention to."},{"speaker":"Average Joe Finances","startTime":1341.83,"endTime":1344.83,"body":"So that's one of the things I wanna"},{"speaker":"Average Joe Finances","startTime":1341.83,"endTime":1344.83,"body":"point out for the listeners is just pay"},{"speaker":"Average Joe Finances","startTime":1344.83,"endTime":1348.057,"body":"attention to what's going on in your"},{"speaker":"Average Joe Finances","startTime":1344.83,"endTime":1348.057,"body":"specific area where you're thinking"},{"speaker":"Average Joe Finances","startTime":1348.062,"endTime":1352.946,"body":"about investing, because change in"},{"speaker":"Average Joe Finances","startTime":1348.062,"endTime":1352.946,"body":"regulations or law can get passed"},{"speaker":"Average Joe Finances","startTime":1352.946,"endTime":1354.085,"body":"and it can kind of mess things up."},{"speaker":"Average Joe Finances","startTime":1354.085,"endTime":1356.792,"body":"But the reason why I bring this"},{"speaker":"Average Joe Finances","startTime":1354.085,"endTime":1356.792,"body":"up because Alex, you had mentioned"},{"speaker":"Average Joe Finances","startTime":1357.032,"endTime":1358.562,"body":"having multiple exits, right?"},{"speaker":"Average Joe Finances","startTime":1358.631,"endTime":1361.511,"body":"You had mentioned that, okay, if this"},{"speaker":"Average Joe Finances","startTime":1358.631,"endTime":1361.511,"body":"isn't gonna work as a short-term rental,"},{"speaker":"Average Joe Finances","startTime":1361.564,"endTime":1365.224,"body":"will it work if I rent it out monthly"},{"speaker":"Average Joe Finances","startTime":1361.564,"endTime":1365.224,"body":"or midterm rentals and things like that."},{"speaker":"Average Joe Finances","startTime":1365.584,"endTime":1367.793,"body":"So that's just the things that I"},{"speaker":"Average Joe Finances","startTime":1365.584,"endTime":1367.793,"body":"wanna put out there to get people"},{"speaker":"Average Joe Finances","startTime":1367.798,"endTime":1370.754,"body":"thinking that, it doesn't necessarily"},{"speaker":"Average Joe Finances","startTime":1367.798,"endTime":1370.754,"body":"have to be just a short-term rental."},{"speaker":"Average Joe Finances","startTime":1370.783,"endTime":1374.002,"body":"Think of make sure that it'll"},{"speaker":"Average Joe Finances","startTime":1370.783,"endTime":1374.002,"body":"cash flow other ways as well."},{"speaker":"Average Joe Finances","startTime":1374.002,"endTime":1375.295,"body":"cause you never know what"},{"speaker":"Average Joe Finances","startTime":1374.002,"endTime":1375.295,"body":"absolutely gonna happen."},{"speaker":"Average Joe Finances","startTime":1375.356,"endTime":1375.536,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1375.696,"endTime":1376.016,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1376.045,"endTime":1377.288,"body":"With everything else that happened."},{"speaker":"Average Joe Finances","startTime":1377.348,"endTime":1379.838,"body":"So actually, because you're"},{"speaker":"Average Joe Finances","startTime":1377.348,"endTime":1379.838,"body":"on the development side"},{"speaker":"Average Joe Finances","startTime":1379.838,"endTime":1380.888,"body":"too, I want to ask you this."},{"speaker":"Average Joe Finances","startTime":1380.952,"endTime":1385.899,"body":"How has the supply chain shortage and like"},{"speaker":"Average Joe Finances","startTime":1380.952,"endTime":1385.899,"body":"lumber and everything else like that, how"},{"speaker":"Average Joe Finances","startTime":1385.899,"endTime":1388.654,"body":"has that kind of affected your operations?"},{"speaker":"Average Joe Finances","startTime":1388.659,"endTime":1391.954,"body":"I know you're in the middle of"},{"speaker":"Average Joe Finances","startTime":1388.659,"endTime":1391.954,"body":"trying to build more cabins, right?"},{"speaker":"Average Joe Finances","startTime":1391.959,"endTime":1394.707,"body":"So how has that affected"},{"speaker":"Average Joe Finances","startTime":1391.959,"endTime":1394.707,"body":"you in your specific market?"},{"speaker":"Alex Jarbo","startTime":1394.807,"endTime":1395.077,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":1395.077,"endTime":1399.187,"body":"So when all that stuff started to happen"},{"speaker":"Alex Jarbo","startTime":1395.077,"endTime":1399.187,"body":"it didn't necessarily happen right off"},{"speaker":"Alex Jarbo","startTime":1399.187,"endTime":1403.427,"body":"the bat with the lockdowns it, it was"},{"speaker":"Alex Jarbo","startTime":1399.187,"endTime":1403.427,"body":"delayed for probably three, probably the"},{"speaker":"Alex Jarbo","startTime":1403.427,"endTime":1406.997,"body":"first three to six months, I'd say Closer"},{"speaker":"Alex Jarbo","startTime":1403.427,"endTime":1406.997,"body":"to six months when things really started"},{"speaker":"Alex Jarbo","startTime":1406.997,"endTime":1410.828,"body":"to, and it, they go up quick and it takes"},{"speaker":"Alex Jarbo","startTime":1406.997,"endTime":1410.828,"body":"a very long time for them to come down."},{"speaker":"Alex Jarbo","startTime":1410.828,"endTime":1414.515,"body":"We did hold off on building for a"},{"speaker":"Alex Jarbo","startTime":1410.828,"endTime":1414.515,"body":"while cause we had some budgets that"},{"speaker":"Alex Jarbo","startTime":1414.515,"endTime":1416.045,"body":"were cut in the middle of all that."},{"speaker":"Alex Jarbo","startTime":1416.41,"endTime":1419.558,"body":"But all of our budgets now are"},{"speaker":"Alex Jarbo","startTime":1416.41,"endTime":1419.558,"body":"done to today's numbers with"},{"speaker":"Alex Jarbo","startTime":1419.563,"endTime":1421.317,"body":"contingencies built in as well."},{"speaker":"Alex Jarbo","startTime":1421.332,"endTime":1425.45,"body":"When it came to those, we've always,"},{"speaker":"Alex Jarbo","startTime":1421.332,"endTime":1425.45,"body":"even to this day, like even with the new"},{"speaker":"Alex Jarbo","startTime":1425.45,"endTime":1429.136,"body":"budgets that we're doing for all the other"},{"speaker":"Alex Jarbo","startTime":1425.45,"endTime":1429.136,"body":"cabins that we're building we like to"},{"speaker":"Alex Jarbo","startTime":1429.136,"endTime":1433.096,"body":"go with like mid-tier finishes and then"},{"speaker":"Alex Jarbo","startTime":1429.136,"endTime":1433.096,"body":"if something goes wrong, that's where"},{"speaker":"Alex Jarbo","startTime":1433.096,"endTime":1435.629,"body":"we can go down a level if we need to."},{"speaker":"Alex Jarbo","startTime":1435.899,"endTime":1439.949,"body":"The structure of the house really sells"},{"speaker":"Alex Jarbo","startTime":1435.899,"endTime":1439.949,"body":"the property for the most part, and the"},{"speaker":"Alex Jarbo","startTime":1439.949,"endTime":1441.591,"body":"colors and the design and everything."},{"speaker":"Alex Jarbo","startTime":1441.691,"endTime":1444.481,"body":"So we can, instead of tiling the"},{"speaker":"Alex Jarbo","startTime":1441.691,"endTime":1444.481,"body":"bathrooms, maybe we do something"},{"speaker":"Alex Jarbo","startTime":1444.481,"endTime":1445.651,"body":"different and stuff like that."},{"speaker":"Alex Jarbo","startTime":1445.967,"endTime":1447.197,"body":"Same thing with flooring options."},{"speaker":"Alex Jarbo","startTime":1447.197,"endTime":1449.657,"body":"Instead of going with engineered"},{"speaker":"Alex Jarbo","startTime":1447.197,"endTime":1449.657,"body":"hardwood, we go with vinyl plank"},{"speaker":"Alex Jarbo","startTime":1449.657,"endTime":1450.857,"body":"flooring and blah, blah, blah."},{"speaker":"Alex Jarbo","startTime":1451.247,"endTime":1455.357,"body":"So that's one way and then when it came"},{"speaker":"Alex Jarbo","startTime":1451.247,"endTime":1455.357,"body":"to supply chain issues, when we started"},{"speaker":"Alex Jarbo","startTime":1455.357,"endTime":1458.972,"body":"picking back up again I was a huge"},{"speaker":"Alex Jarbo","startTime":1455.357,"endTime":1458.972,"body":"believer in terms of the finish work or"},{"speaker":"Alex Jarbo","startTime":1458.977,"endTime":1461.012,"body":"some of the smaller things that can like."},{"speaker":"Alex Jarbo","startTime":1461.072,"endTime":1464.852,"body":"I remember specifically like a sink being,"},{"speaker":"Alex Jarbo","startTime":1461.072,"endTime":1464.852,"body":"have to reorder, like we have to reorder"},{"speaker":"Alex Jarbo","startTime":1464.852,"endTime":1466.862,"body":"a sink like three times that held us up."},{"speaker":"Alex Jarbo","startTime":1467.172,"endTime":1469.944,"body":"When you're looking at like Lowe's,"},{"speaker":"Alex Jarbo","startTime":1467.172,"endTime":1469.944,"body":"home Depot Builders, first Source 84"},{"speaker":"Alex Jarbo","startTime":1469.944,"endTime":1474.054,"body":"Lumber, trying to purchase stuff that's"},{"speaker":"Alex Jarbo","startTime":1469.944,"endTime":1474.054,"body":"o only in stock has helped us a lot."},{"speaker":"Alex Jarbo","startTime":1474.054,"endTime":1477.654,"body":"It might not be exactly what you're"},{"speaker":"Alex Jarbo","startTime":1474.054,"endTime":1477.654,"body":"looking for, but at least it's in stock"},{"speaker":"Alex Jarbo","startTime":1477.804,"endTime":1481.575,"body":"compared to a number that a lot of times"},{"speaker":"Alex Jarbo","startTime":1477.804,"endTime":1481.575,"body":"was like made up during Covid was like,"},{"speaker":"Alex Jarbo","startTime":1481.575,"endTime":1485.115,"body":"oh no, it's in stock, but it's when"},{"speaker":"Alex Jarbo","startTime":1481.575,"endTime":1485.115,"body":"delivery date comes, it's not in stock."},{"speaker":"Alex Jarbo","startTime":1485.265,"endTime":1488.115,"body":"Or like maybe the delivery company"},{"speaker":"Alex Jarbo","startTime":1485.265,"endTime":1488.115,"body":"lost it or something, which has"},{"speaker":"Alex Jarbo","startTime":1488.115,"endTime":1489.115,"body":"happened multiple times to us."},{"speaker":"Alex Jarbo","startTime":1489.115,"endTime":1492.048,"body":"Building stuff that's in stock,"},{"speaker":"Alex Jarbo","startTime":1489.115,"endTime":1492.048,"body":"people who are starting now."},{"speaker":"Alex Jarbo","startTime":1492.215,"endTime":1494.165,"body":"Are going to be dealing"},{"speaker":"Alex Jarbo","startTime":1492.215,"endTime":1494.165,"body":"with today's prices."},{"speaker":"Alex Jarbo","startTime":1494.165,"endTime":1495.215,"body":"So don't let that scare you."},{"speaker":"Alex Jarbo","startTime":1495.215,"endTime":1498.818,"body":"The only thing you gotta deal with now"},{"speaker":"Alex Jarbo","startTime":1495.215,"endTime":1498.818,"body":"is interest rates and that's a whole"},{"speaker":"Alex Jarbo","startTime":1498.818,"endTime":1501.98,"body":"different conversation, but when it"},{"speaker":"Alex Jarbo","startTime":1498.818,"endTime":1501.98,"body":"come, I'm a writer for bigger pockets"},{"speaker":"Alex Jarbo","startTime":1501.98,"endTime":1505.888,"body":"for their short term rental content,"},{"speaker":"Alex Jarbo","startTime":1501.98,"endTime":1505.888,"body":"and one of their, so I write for their"},{"speaker":"Alex Jarbo","startTime":1505.888,"endTime":1509.778,"body":"blog and one of the first topics I wrote"},{"speaker":"Alex Jarbo","startTime":1505.888,"endTime":1509.778,"body":"for them was when interest rates really"},{"speaker":"Alex Jarbo","startTime":1509.778,"endTime":1511.518,"body":"started to go up in June of this year."},{"speaker":"Alex Jarbo","startTime":1511.998,"endTime":1515.297,"body":"And they're only going up, they're"},{"speaker":"Alex Jarbo","startTime":1511.998,"endTime":1515.297,"body":"only, they're continuing to go."},{"speaker":"Alex Jarbo","startTime":1515.402,"endTime":1517.322,"body":"And they're projected to go up even more."},{"speaker":"Alex Jarbo","startTime":1517.922,"endTime":1521.192,"body":"And what I say to people who are scared of"},{"speaker":"Alex Jarbo","startTime":1517.922,"endTime":1521.192,"body":"that, outside of all the stuff we talked"},{"speaker":"Alex Jarbo","startTime":1521.192,"endTime":1526.375,"body":"about, market regulations and blah, blah,"},{"speaker":"Alex Jarbo","startTime":1521.192,"endTime":1526.375,"body":"blah, is do not throw away real estate"},{"speaker":"Alex Jarbo","startTime":1526.375,"endTime":1528.295,"body":"investing entirely during this process."},{"speaker":"Alex Jarbo","startTime":1528.295,"endTime":1530.815,"body":"We're seeing some phenomenal"},{"speaker":"Alex Jarbo","startTime":1528.295,"endTime":1530.815,"body":"deals hit the market right"},{"speaker":"Alex Jarbo","startTime":1530.815,"endTime":1532.045,"body":"now because of interest rates."},{"speaker":"Alex Jarbo","startTime":1532.124,"endTime":1535.584,"body":"So go through your underwriting even"},{"speaker":"Alex Jarbo","startTime":1532.124,"endTime":1535.584,"body":"if the interest rate's seven and a"},{"speaker":"Alex Jarbo","startTime":1535.584,"endTime":1538.854,"body":"half, 8, 8 and a half percent, yeah,"},{"speaker":"Alex Jarbo","startTime":1535.584,"endTime":1538.854,"body":"it sucks that it's at that, but you"},{"speaker":"Alex Jarbo","startTime":1538.854,"endTime":1539.994,"body":"don't know when it's gonna go down."},{"speaker":"Alex Jarbo","startTime":1540.504,"endTime":1542.274,"body":"You don't know if they're"},{"speaker":"Alex Jarbo","startTime":1540.504,"endTime":1542.274,"body":"gonna continue to go up."},{"speaker":"Alex Jarbo","startTime":1542.274,"endTime":1546.673,"body":"So it's do not completely disregard"},{"speaker":"Alex Jarbo","startTime":1542.274,"endTime":1546.673,"body":"real estate investing right now"},{"speaker":"Alex Jarbo","startTime":1546.673,"endTime":1547.873,"body":"while we go through this correction."},{"speaker":"Alex Jarbo","startTime":1547.873,"endTime":1550.093,"body":"So there, there's phenomenal"},{"speaker":"Alex Jarbo","startTime":1547.873,"endTime":1550.093,"body":"deals out there, right."},{"speaker":"Average Joe Finances","startTime":1550.205,"endTime":1553.364,"body":"Yeah, that is a"},{"speaker":"Average Joe Finances","startTime":1550.205,"endTime":1553.364,"body":"fantastic point, Alex, because one of the"},{"speaker":"Average Joe Finances","startTime":1553.364,"endTime":1557.466,"body":"things that, with being a licensed realtor"},{"speaker":"Average Joe Finances","startTime":1553.364,"endTime":1557.466,"body":"out here as well is I talk to many clients"},{"speaker":"Average Joe Finances","startTime":1557.471,"endTime":1559.236,"body":"who are scared about interest rates."},{"speaker":"Average Joe Finances","startTime":1559.242,"endTime":1561.752,"body":"Especially military folks that"},{"speaker":"Average Joe Finances","startTime":1559.242,"endTime":1561.752,"body":"are coming here for a three year"},{"speaker":"Average Joe Finances","startTime":1561.752,"endTime":1564.4,"body":"period, and the biggest thing that"},{"speaker":"Average Joe Finances","startTime":1561.752,"endTime":1564.4,"body":"I tell them is if you could find"},{"speaker":"Average Joe Finances","startTime":1564.405,"endTime":1565.99,"body":"a property where the numbers work."},{"speaker":"Alex Jarbo","startTime":1566.47,"endTime":1566.62,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1566.62,"endTime":1568.42,"body":"At the"},{"speaker":"Average Joe Finances","startTime":1566.62,"endTime":1568.42,"body":"current interest rate, just"},{"speaker":"Average Joe Finances","startTime":1568.42,"endTime":1570.26,"body":"think about what's gonna happen"},{"speaker":"Average Joe Finances","startTime":1568.42,"endTime":1570.26,"body":"when the interest rates go back."},{"speaker":"Alex Jarbo","startTime":1570.36,"endTime":1570.81,"body":"Crazy."},{"speaker":"Average Joe Finances","startTime":1570.884,"endTime":1571.874,"body":"And at the same time."},{"speaker":"Alex Jarbo","startTime":1571.874,"endTime":1573.254,"body":"You're gonna be more than set."},{"speaker":"Average Joe Finances","startTime":1573.284,"endTime":1573.339,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1573.339,"endTime":1575.979,"body":"And if you're gonna be here at least"},{"speaker":"Average Joe Finances","startTime":1573.339,"endTime":1575.979,"body":"three years, you're gonna be okay."},{"speaker":"Average Joe Finances","startTime":1576.099,"endTime":1580.119,"body":"Because the market out here in"},{"speaker":"Average Joe Finances","startTime":1576.099,"endTime":1580.119,"body":"Hawaii, consistently, even before"},{"speaker":"Average Joe Finances","startTime":1580.119,"endTime":1581.839,"body":"Covid goes up 3% to 5% every year."},{"speaker":"Average Joe Finances","startTime":1582.264,"endTime":1584.304,"body":"It's insane even during a correction."},{"speaker":"Average Joe Finances","startTime":1584.334,"endTime":1586.494,"body":"Right now, we're not"},{"speaker":"Average Joe Finances","startTime":1584.334,"endTime":1586.494,"body":"seeing home prices drop."},{"speaker":"Average Joe Finances","startTime":1586.592,"endTime":1590.432,"body":"Maybe small drops, but that's"},{"speaker":"Average Joe Finances","startTime":1586.592,"endTime":1590.432,"body":"because the listing agent probably."},{"speaker":"Alex Jarbo","startTime":1590.432,"endTime":1592.292,"body":"You're not getting"},{"speaker":"Alex Jarbo","startTime":1590.432,"endTime":1592.292,"body":"20 offers in the first three"},{"speaker":"Alex Jarbo","startTime":1592.292,"endTime":1593.672,"body":"hours that's not normal."},{"speaker":"Average Joe Finances","startTime":1593.722,"endTime":1593.932,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1593.951,"endTime":1597.685,"body":"Now we're back to one or two"},{"speaker":"Average Joe Finances","startTime":1593.951,"endTime":1597.685,"body":"offers, after an open house."},{"speaker":"Alex Jarbo","startTime":1597.762,"endTime":1597.912,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":1597.912,"endTime":1601.832,"body":"Which was considered a seller's"},{"speaker":"Alex Jarbo","startTime":1597.912,"endTime":1601.832,"body":"market in 2017, 8 and 15."},{"speaker":"Alex Jarbo","startTime":1601.832,"endTime":1605.375,"body":"Like it is just like we got so used to"},{"speaker":"Alex Jarbo","startTime":1601.832,"endTime":1605.375,"body":"the low interest rates for two years."},{"speaker":"Average Joe Finances","startTime":1605.855,"endTime":1608.129,"body":"Yeah, the thing"},{"speaker":"Average Joe Finances","startTime":1605.855,"endTime":1608.129,"body":"is inventory's still low, right?"},{"speaker":"Alex Jarbo","startTime":1608.129,"endTime":1608.189,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1608.189,"endTime":1609.809,"body":"You still have"},{"speaker":"Average Joe Finances","startTime":1608.189,"endTime":1609.809,"body":"the inventory problem, and that's why"},{"speaker":"Average Joe Finances","startTime":1609.809,"endTime":1612.539,"body":"you're not seeing these prices drop,"},{"speaker":"Average Joe Finances","startTime":1609.809,"endTime":1612.539,"body":"like everybody who's thinking that"},{"speaker":"Average Joe Finances","startTime":1612.539,"endTime":1618.252,"body":"they were gonna drop will there be a"},{"speaker":"Average Joe Finances","startTime":1612.539,"endTime":1618.252,"body":"dramatic drop in prices or a crash maybe?"},{"speaker":"Average Joe Finances","startTime":1618.282,"endTime":1620.122,"body":"I don't have a crystal"},{"speaker":"Average Joe Finances","startTime":1618.282,"endTime":1620.122,"body":"ball, but at the same time."},{"speaker":"Alex Jarbo","startTime":1620.122,"endTime":1622.597,"body":"If you build these"},{"speaker":"Alex Jarbo","startTime":1620.122,"endTime":1622.597,"body":"properties the way we're talking about."},{"speaker":"Average Joe Finances","startTime":1623.037,"endTime":1623.157,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":1623.157,"endTime":1627.177,"body":"400 square foot to"},{"speaker":"Alex Jarbo","startTime":1623.157,"endTime":1627.177,"body":"maximum 1500, 1600 square foot."},{"speaker":"Alex Jarbo","startTime":1627.292,"endTime":1630.682,"body":"That square footage is"},{"speaker":"Alex Jarbo","startTime":1627.292,"endTime":1630.682,"body":"always going to be desirable."},{"speaker":"Alex Jarbo","startTime":1630.737,"endTime":1633.952,"body":"If you're looking to sell that, like"},{"speaker":"Alex Jarbo","startTime":1630.737,"endTime":1633.952,"body":"that's a starter home for someone."},{"speaker":"Alex Jarbo","startTime":1633.952,"endTime":1636.232,"body":"If they're built like an"},{"speaker":"Alex Jarbo","startTime":1633.952,"endTime":1636.232,"body":"A-frame, a couple's gonna"},{"speaker":"Alex Jarbo","startTime":1636.232,"endTime":1637.492,"body":"move into that in a heartbeat."},{"speaker":"Alex Jarbo","startTime":1637.827,"endTime":1641.264,"body":"Outside of even renting it out as a"},{"speaker":"Alex Jarbo","startTime":1637.827,"endTime":1641.264,"body":"short-term rental, just like people"},{"speaker":"Alex Jarbo","startTime":1641.264,"endTime":1643.62,"body":"are gonna wanna live in something"},{"speaker":"Alex Jarbo","startTime":1641.264,"endTime":1643.62,"body":"like that, I back consider that"},{"speaker":"Alex Jarbo","startTime":1643.74,"endTime":1645.33,"body":"price range, like affordable housing."},{"speaker":"Average Joe Finances","startTime":1645.43,"endTime":1647.702,"body":"That, that goes back"},{"speaker":"Average Joe Finances","startTime":1645.43,"endTime":1647.702,"body":"to the having multiple exit strategies."},{"speaker":"Average Joe Finances","startTime":1647.716,"endTime":1648.839,"body":"Because you never know"},{"speaker":"Average Joe Finances","startTime":1647.716,"endTime":1648.839,"body":"where things need to go."},{"speaker":"Average Joe Finances","startTime":1648.844,"endTime":1651.905,"body":"Like I said, the market can correct"},{"speaker":"Average Joe Finances","startTime":1648.844,"endTime":1651.905,"body":"even more, who knows, right?"},{"speaker":"Average Joe Finances","startTime":1652.192,"endTime":1654.322,"body":"But at the same time, just pay"},{"speaker":"Average Joe Finances","startTime":1652.192,"endTime":1654.322,"body":"attention to the market that you're in."},{"speaker":"Average Joe Finances","startTime":1654.322,"endTime":1657.06,"body":"It's gonna be very market specific,"},{"speaker":"Average Joe Finances","startTime":1654.322,"endTime":1657.06,"body":"like out here in Hawaii, I don't"},{"speaker":"Average Joe Finances","startTime":1657.065,"endTime":1660.771,"body":"see, the million dollar house"},{"speaker":"Average Joe Finances","startTime":1657.065,"endTime":1660.771,"body":"price dropping down to 800,000."},{"speaker":"Average Joe Finances","startTime":1660.801,"endTime":1661.821,"body":"I just don't see it happening."},{"speaker":"Average Joe Finances","startTime":1661.845,"endTime":1664.874,"body":"Maybe it'll drop another 50,000 but"},{"speaker":"Average Joe Finances","startTime":1661.845,"endTime":1664.874,"body":"then it's gonna go right back up."},{"speaker":"Average Joe Finances","startTime":1664.95,"endTime":1666.09,"body":"If you look at history, right?"},{"speaker":"Average Joe Finances","startTime":1666.09,"endTime":1668.04,"body":"You look at the 2008, 2009 timeframe."},{"speaker":"Average Joe Finances","startTime":1668.045,"endTime":1668.13,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":1668.19,"endTime":1668.94,"body":"Which is what I did."},{"speaker":"Average Joe Finances","startTime":1669.0,"endTime":1669.15,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":1669.222,"endTime":1669.717,"body":"Out here."},{"speaker":"Average Joe Finances","startTime":1669.752,"endTime":1673.216,"body":"It dropped maybe 10% and within"},{"speaker":"Average Joe Finances","startTime":1669.752,"endTime":1673.216,"body":"that next year it came back."},{"speaker":"Average Joe Finances","startTime":1673.216,"endTime":1675.352,"body":"Just pay attention to where you're"},{"speaker":"Average Joe Finances","startTime":1673.216,"endTime":1675.352,"body":"at, the specific areas that you're at."},{"speaker":"Average Joe Finances","startTime":1675.354,"endTime":1676.974,"body":"Alex, I really love"},{"speaker":"Average Joe Finances","startTime":1675.354,"endTime":1676.974,"body":"what you're doing, man."},{"speaker":"Average Joe Finances","startTime":1677.021,"endTime":1679.65,"body":"You put out so many like"},{"speaker":"Average Joe Finances","startTime":1677.021,"endTime":1679.65,"body":"great golden nuggets here."},{"speaker":"Average Joe Finances","startTime":1679.661,"endTime":1682.151,"body":"So I think now I want to"},{"speaker":"Average Joe Finances","startTime":1679.661,"endTime":1682.151,"body":"transition this into something"},{"speaker":"Average Joe Finances","startTime":1682.151,"endTime":1683.351,"body":"that I call the final round."},{"speaker":"Average Joe Finances","startTime":1683.651,"endTime":1685.781,"body":"That's where I'm gonna ask you"},{"speaker":"Average Joe Finances","startTime":1683.651,"endTime":1685.781,"body":"the same four questions that I ask"},{"speaker":"Average Joe Finances","startTime":1685.781,"endTime":1686.891,"body":"everybody that comes on the show."},{"speaker":"Average Joe Finances","startTime":1687.221,"endTime":1690.071,"body":"And I think I have a good idea of"},{"speaker":"Average Joe Finances","startTime":1687.221,"endTime":1690.071,"body":"where your mind's at with this,"},{"speaker":"Average Joe Finances","startTime":1690.071,"endTime":1694.202,"body":"but this is gonna help us see how"},{"speaker":"Average Joe Finances","startTime":1690.071,"endTime":1694.202,"body":"Alex is under pressure or when"},{"speaker":"Average Joe Finances","startTime":1694.202,"endTime":1695.372,"body":"putting in a tough situation."},{"speaker":"Average Joe Finances","startTime":1695.372,"endTime":1697.391,"body":"So if you're ready to go, we'll"},{"speaker":"Average Joe Finances","startTime":1695.372,"endTime":1697.391,"body":"we'll get this party started."},{"speaker":"Alex Jarbo","startTime":1698.021,"endTime":1698.471,"body":"Let's go."},{"speaker":"Alex Jarbo","startTime":1698.891,"endTime":1699.161,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1699.161,"endTime":1699.831,"body":"Let's do it."},{"speaker":"Average Joe Finances","startTime":1700.031,"endTime":1700.541,"body":"All right, Alex."},{"speaker":"Average Joe Finances","startTime":1700.541,"endTime":1703.708,"body":"So the first question I have for"},{"speaker":"Average Joe Finances","startTime":1700.541,"endTime":1703.708,"body":"you, What's the biggest mistake"},{"speaker":"Average Joe Finances","startTime":1703.918,"endTime":1705.538,"body":"you've ever made in real estate?"},{"speaker":"Alex Jarbo","startTime":1705.738,"endTime":1708.228,"body":"Yeah, so the biggest"},{"speaker":"Alex Jarbo","startTime":1705.738,"endTime":1708.228,"body":"mistake goes back to the first one."},{"speaker":"Alex Jarbo","startTime":1708.308,"endTime":1712.16,"body":"There was a couple big mistakes,"},{"speaker":"Alex Jarbo","startTime":1708.308,"endTime":1712.16,"body":"but I hadn't verified utilities."},{"speaker":"Alex Jarbo","startTime":1712.226,"endTime":1713.476,"body":"Like to the property."},{"speaker":"Alex Jarbo","startTime":1713.476,"endTime":1716.662,"body":"So we actually had built that first"},{"speaker":"Alex Jarbo","startTime":1713.476,"endTime":1716.662,"body":"a frame with a generator essentially,"},{"speaker":"Alex Jarbo","startTime":1716.662,"endTime":1719.262,"body":"cause none of the neighbors wanted"},{"speaker":"Alex Jarbo","startTime":1716.662,"endTime":1719.262,"body":"to give us an electricity easement."},{"speaker":"Alex Jarbo","startTime":1719.742,"endTime":1723.082,"body":"So making sure that you're ver and that,"},{"speaker":"Alex Jarbo","startTime":1719.742,"endTime":1723.082,"body":"that almost cost us 200 grand because the"},{"speaker":"Alex Jarbo","startTime":1723.472,"endTime":1727.022,"body":"property was built with no electricity"},{"speaker":"Alex Jarbo","startTime":1723.472,"endTime":1727.022,"body":"and no access to solar as well."},{"speaker":"Alex Jarbo","startTime":1727.024,"endTime":1730.414,"body":"So that was probably, that could"},{"speaker":"Alex Jarbo","startTime":1727.024,"endTime":1730.414,"body":"have been the biggest mistake."},{"speaker":"Alex Jarbo","startTime":1730.414,"endTime":1733.354,"body":"And the second mistake that I've"},{"speaker":"Alex Jarbo","startTime":1730.414,"endTime":1733.354,"body":"had before was pitching a deal"},{"speaker":"Alex Jarbo","startTime":1733.354,"endTime":1736.474,"body":"to investors that ha I hadn't"},{"speaker":"Alex Jarbo","startTime":1733.354,"endTime":1736.474,"body":"fully gotten under contract yet."},{"speaker":"Alex Jarbo","startTime":1736.474,"endTime":1737.764,"body":"I had verbal yeses."},{"speaker":"Alex Jarbo","startTime":1737.817,"endTime":1741.863,"body":"But it's it's really easy to jump"},{"speaker":"Alex Jarbo","startTime":1737.817,"endTime":1741.863,"body":"the gun and get excited over a deal"},{"speaker":"Alex Jarbo","startTime":1741.868,"endTime":1744.563,"body":"when people have verbally agreed"},{"speaker":"Alex Jarbo","startTime":1741.868,"endTime":1744.563,"body":"to terms, but you don't have a"},{"speaker":"Alex Jarbo","startTime":1745.063,"endTime":1747.997,"body":"contract was a little embarrassing"},{"speaker":"Alex Jarbo","startTime":1745.063,"endTime":1747.997,"body":"that I wasted people's time on that."},{"speaker":"Alex Jarbo","startTime":1747.997,"endTime":1750.698,"body":"And then the other end was the"},{"speaker":"Alex Jarbo","startTime":1747.997,"endTime":1750.698,"body":"first cabin, which not verifying"},{"speaker":"Alex Jarbo","startTime":1750.698,"endTime":1752.438,"body":"utilities, almost cost me 200 grand."},{"speaker":"Average Joe Finances","startTime":1752.55,"endTime":1752.88,"body":"Wow."},{"speaker":"Average Joe Finances","startTime":1752.94,"endTime":1756.387,"body":"Alex, I appreciate the transparency"},{"speaker":"Average Joe Finances","startTime":1752.94,"endTime":1756.387,"body":"there, and that's, I think that's"},{"speaker":"Average Joe Finances","startTime":1756.387,"endTime":1757.407,"body":"a new one for that question."},{"speaker":"Average Joe Finances","startTime":1757.46,"endTime":1760.028,"body":"Most people say, oh, I wish I would've"},{"speaker":"Average Joe Finances","startTime":1757.46,"endTime":1760.028,"body":"started when I was younger, type deal."},{"speaker":"Alex Jarbo","startTime":1760.028,"endTime":1761.058,"body":"I started when I was 22,"},{"speaker":"Average Joe Finances","startTime":1761.058,"endTime":1762.348,"body":"Yeah, there you go, man."},{"speaker":"Average Joe Finances","startTime":1762.431,"endTime":1765.13,"body":"But I like how, you didn't"},{"speaker":"Average Joe Finances","startTime":1762.431,"endTime":1765.13,"body":"hesitate to tell us like some"},{"speaker":"Average Joe Finances","startTime":1765.13,"endTime":1766.461,"body":"of issues that you ran into?"},{"speaker":"Average Joe Finances","startTime":1766.826,"endTime":1770.302,"body":"I, yeah, I can see the not getting"},{"speaker":"Average Joe Finances","startTime":1766.826,"endTime":1770.302,"body":"an easement from your neighbors for"},{"speaker":"Average Joe Finances","startTime":1770.682,"endTime":1772.972,"body":"electricity could be a huge problem."},{"speaker":"Average Joe Finances","startTime":1773.127,"endTime":1776.197,"body":"And then also the embarrassment"},{"speaker":"Average Joe Finances","startTime":1773.127,"endTime":1776.197,"body":"with the not having the deal"},{"speaker":"Average Joe Finances","startTime":1776.227,"endTime":1777.517,"body":"completely under contract yet."},{"speaker":"Average Joe Finances","startTime":1777.543,"endTime":1780.208,"body":"That's tough stuff, man, but,"},{"speaker":"Average Joe Finances","startTime":1777.543,"endTime":1780.208,"body":"it's things like that you learn"},{"speaker":"Average Joe Finances","startTime":1780.208,"endTime":1781.228,"body":"from that make you better."},{"speaker":"Average Joe Finances","startTime":1781.408,"endTime":1782.578,"body":"And look at you now, man."},{"speaker":"Average Joe Finances","startTime":1782.594,"endTime":1783.381,"body":"Just crushing it."},{"speaker":"Alex Jarbo","startTime":1783.447,"endTime":1783.597,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":1783.597,"endTime":1784.277,"body":"I appreciate it."},{"speaker":"Average Joe Finances","startTime":1784.692,"endTime":1785.292,"body":"No worries man."},{"speaker":"Average Joe Finances","startTime":1785.292,"endTime":1788.443,"body":"So the next question that I have"},{"speaker":"Average Joe Finances","startTime":1785.292,"endTime":1788.443,"body":"ties into this one and it's what is"},{"speaker":"Average Joe Finances","startTime":1788.443,"endTime":1791.813,"body":"something that you've learned that you"},{"speaker":"Average Joe Finances","startTime":1788.443,"endTime":1791.813,"body":"wish you knew when you first started?"},{"speaker":"Alex Jarbo","startTime":1791.913,"endTime":1794.927,"body":"Yeah, and this goes"},{"speaker":"Alex Jarbo","startTime":1791.913,"endTime":1794.927,"body":"back to the military is and I'm"},{"speaker":"Alex Jarbo","startTime":1794.927,"endTime":1797.357,"body":"mainly speaking to military people"},{"speaker":"Alex Jarbo","startTime":1794.927,"endTime":1797.357,"body":"here, but I'm sure a lot of people"},{"speaker":"Alex Jarbo","startTime":1797.357,"endTime":1798.977,"body":"can take some nuggets out of this."},{"speaker":"Alex Jarbo","startTime":1798.977,"endTime":1802.555,"body":"So I think, I see it with a lot of"},{"speaker":"Alex Jarbo","startTime":1798.977,"endTime":1802.555,"body":"my friends, but also just in general,"},{"speaker":"Alex Jarbo","startTime":1802.555,"endTime":1803.845,"body":"people who leave the military."},{"speaker":"Alex Jarbo","startTime":1804.175,"endTime":1807.205,"body":"I think the biggest thing that we"},{"speaker":"Alex Jarbo","startTime":1804.175,"endTime":1807.205,"body":"struggle with is we don't realize"},{"speaker":"Alex Jarbo","startTime":1807.21,"endTime":1810.465,"body":"how big, we might realize it, but"},{"speaker":"Alex Jarbo","startTime":1807.21,"endTime":1810.465,"body":"the military gives us a structure."},{"speaker":"Alex Jarbo","startTime":1810.494,"endTime":1813.854,"body":"We can lean very heavily on the"},{"speaker":"Alex Jarbo","startTime":1810.494,"endTime":1813.854,"body":"military structure to, to get"},{"speaker":"Alex Jarbo","startTime":1813.854,"endTime":1814.964,"body":"us through our days or whatever."},{"speaker":"Alex Jarbo","startTime":1815.654,"endTime":1818.631,"body":"And I think what guys or anyone who"},{"speaker":"Alex Jarbo","startTime":1815.654,"endTime":1818.631,"body":"gets out of the military struggles"},{"speaker":"Alex Jarbo","startTime":1818.636,"endTime":1820.451,"body":"with is that structure is then gone."},{"speaker":"Alex Jarbo","startTime":1820.511,"endTime":1823.697,"body":"And it's a little difficult to sometimes"},{"speaker":"Alex Jarbo","startTime":1820.511,"endTime":1823.697,"body":"keep yourself accountable cause in"},{"speaker":"Alex Jarbo","startTime":1823.697,"endTime":1826.157,"body":"the past you leaned on the structure"},{"speaker":"Alex Jarbo","startTime":1823.697,"endTime":1826.157,"body":"and the people that you were around."},{"speaker":"Alex Jarbo","startTime":1826.245,"endTime":1827.882,"body":"I wish I would've take."},{"speaker":"Alex Jarbo","startTime":1827.912,"endTime":1830.102,"body":"I have multiple mentors"},{"speaker":"Alex Jarbo","startTime":1827.912,"endTime":1830.102,"body":"in my life at this point."},{"speaker":"Alex Jarbo","startTime":1830.442,"endTime":1831.422,"body":"Outside of the military."},{"speaker":"Alex Jarbo","startTime":1831.422,"endTime":1834.812,"body":"I wish I would've pursued a mentor"},{"speaker":"Alex Jarbo","startTime":1831.422,"endTime":1834.812,"body":"in the first, like the first three"},{"speaker":"Alex Jarbo","startTime":1834.812,"endTime":1837.845,"body":"years I had nobody helping me and"},{"speaker":"Alex Jarbo","startTime":1834.812,"endTime":1837.845,"body":"I wish I would've paid it, even"},{"speaker":"Alex Jarbo","startTime":1837.845,"endTime":1838.835,"body":"if I put it on a credit card."},{"speaker":"Alex Jarbo","startTime":1838.84,"endTime":1843.102,"body":"I wish I would've paid into a mentor"},{"speaker":"Alex Jarbo","startTime":1838.84,"endTime":1843.102,"body":"earlier on after me getting out of"},{"speaker":"Alex Jarbo","startTime":1843.102,"endTime":1846.295,"body":"the military cause the mentor gave"},{"speaker":"Alex Jarbo","startTime":1843.102,"endTime":1846.295,"body":"me that structure that I was used to."},{"speaker":"Average Joe Finances","startTime":1846.715,"endTime":1849.192,"body":"That's fair and"},{"speaker":"Average Joe Finances","startTime":1846.715,"endTime":1849.192,"body":"I think this could also be tied to"},{"speaker":"Average Joe Finances","startTime":1849.261,"endTime":1851.081,"body":"anybody, outside of the military as well."},{"speaker":"Average Joe Finances","startTime":1851.149,"endTime":1852.769,"body":"If you just graduated college, right?"},{"speaker":"Average Joe Finances","startTime":1852.802,"endTime":1856.132,"body":"You had that whole structure of"},{"speaker":"Average Joe Finances","startTime":1852.802,"endTime":1856.132,"body":"going to school and then now you're"},{"speaker":"Average Joe Finances","startTime":1856.132,"endTime":1857.422,"body":"getting out into the real world."},{"speaker":"Average Joe Finances","startTime":1857.455,"endTime":1860.66,"body":"Or if you had a really good career"},{"speaker":"Average Joe Finances","startTime":1857.455,"endTime":1860.66,"body":"field and you got out of that, right?"},{"speaker":"Average Joe Finances","startTime":1860.66,"endTime":1862.721,"body":"So it's things, it's change, right?"},{"speaker":"Average Joe Finances","startTime":1862.721,"endTime":1865.181,"body":"It's big changes that we have in"},{"speaker":"Average Joe Finances","startTime":1862.721,"endTime":1865.181,"body":"life that you have to deal with."},{"speaker":"Average Joe Finances","startTime":1865.217,"endTime":1867.709,"body":"But yes, I can definitely"},{"speaker":"Average Joe Finances","startTime":1865.217,"endTime":1867.709,"body":"relate to the military piece."},{"speaker":"Average Joe Finances","startTime":1867.709,"endTime":1872.232,"body":"After being out for a little over"},{"speaker":"Average Joe Finances","startTime":1867.709,"endTime":1872.232,"body":"two months now, it's been it's"},{"speaker":"Average Joe Finances","startTime":1872.237,"endTime":1875.262,"body":"been very different because I don't"},{"speaker":"Average Joe Finances","startTime":1872.237,"endTime":1875.262,"body":"have anybody telling me what to do."},{"speaker":"Alex Jarbo","startTime":1875.542,"endTime":1878.032,"body":"Lot of times it's the reason"},{"speaker":"Alex Jarbo","startTime":1875.542,"endTime":1878.032,"body":"you get out, but then you're like,"},{"speaker":"Alex Jarbo","startTime":1878.037,"endTime":1879.412,"body":"there's it's a double-edged sword."},{"speaker":"Average Joe Finances","startTime":1879.472,"endTime":1879.682,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1879.682,"endTime":1880.677,"body":"It's which is nice, right?"},{"speaker":"Average Joe Finances","startTime":1880.977,"endTime":1884.968,"body":"But at the same time, it's kinda oh, if I"},{"speaker":"Average Joe Finances","startTime":1880.977,"endTime":1884.968,"body":"don't do this on my own, it's not gonna."},{"speaker":"Alex Jarbo","startTime":1885.068,"endTime":1885.698,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":1885.703,"endTime":1886.112,"body":"So that's huge."},{"speaker":"Alex Jarbo","startTime":1886.112,"endTime":1888.452,"body":"But you need to sit down"},{"speaker":"Alex Jarbo","startTime":1886.112,"endTime":1888.452,"body":"every night and be like, okay, what is"},{"speaker":"Alex Jarbo","startTime":1888.452,"endTime":1890.402,"body":"my schedule today and for this week?"},{"speaker":"Average Joe Finances","startTime":1890.642,"endTime":1890.912,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":1890.972,"endTime":1894.965,"body":"And that's literally on my calendar is"},{"speaker":"Average Joe Finances","startTime":1890.972,"endTime":1894.965,"body":"make tomorrow's schedule your calendar or,"},{"speaker":"Average Joe Finances","startTime":1894.965,"endTime":1896.365,"body":"to look at your calendar for the next day."},{"speaker":"Average Joe Finances","startTime":1896.605,"endTime":1899.968,"body":"And then on Sunday it's to"},{"speaker":"Average Joe Finances","startTime":1896.605,"endTime":1899.968,"body":"review the entire next week and"},{"speaker":"Average Joe Finances","startTime":1900.448,"endTime":1901.543,"body":"move stuff around if needed."},{"speaker":"Average Joe Finances","startTime":1901.555,"endTime":1901.705,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1901.705,"endTime":1902.425,"body":"That's huge, man."},{"speaker":"Average Joe Finances","startTime":1902.425,"endTime":1903.385,"body":"Definitely appreciate that."},{"speaker":"Average Joe Finances","startTime":1903.655,"endTime":1908.455,"body":"All right, Alex, the third question of the"},{"speaker":"Average Joe Finances","startTime":1903.655,"endTime":1908.455,"body":"final round is, do you have any tips or"},{"speaker":"Average Joe Finances","startTime":1908.455,"endTime":1912.365,"body":"tricks that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":1908.455,"endTime":1912.365,"body":"that is just getting started today?"},{"speaker":"Alex Jarbo","startTime":1912.465,"endTime":1912.735,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":1912.735,"endTime":1915.045,"body":"And the getting started in anything."},{"speaker":"Alex Jarbo","startTime":1915.342,"endTime":1917.502,"body":"One of the best books I've"},{"speaker":"Alex Jarbo","startTime":1915.342,"endTime":1917.502,"body":"read on this topic is the One"},{"speaker":"Alex Jarbo","startTime":1917.502,"endTime":1918.702,"body":"Thing by Gary Keller and J."},{"speaker":"Alex Jarbo","startTime":1918.702,"endTime":1921.612,"body":"Papasan that will give you the"},{"speaker":"Alex Jarbo","startTime":1918.702,"endTime":1921.612,"body":"framework that you need if you can't"},{"speaker":"Alex Jarbo","startTime":1921.612,"endTime":1923.002,"body":"like, afford a mentor or something."},{"speaker":"Alex Jarbo","startTime":1923.002,"endTime":1927.173,"body":"But the tip I'd give everyone is,"},{"speaker":"Alex Jarbo","startTime":1923.002,"endTime":1927.173,"body":"Literally sit, no matter how busy"},{"speaker":"Alex Jarbo","startTime":1927.173,"endTime":1929.873,"body":"your schedule is, you have an hour"},{"speaker":"Alex Jarbo","startTime":1927.173,"endTime":1929.873,"body":"to spend, whether it be take it away"},{"speaker":"Alex Jarbo","startTime":1929.873,"endTime":1933.372,"body":"from your sleep or something put one"},{"speaker":"Alex Jarbo","startTime":1929.873,"endTime":1933.372,"body":"to three hours into something that"},{"speaker":"Alex Jarbo","startTime":1933.582,"endTime":1937.152,"body":"you're really focused on and do that"},{"speaker":"Alex Jarbo","startTime":1933.582,"endTime":1937.152,"body":"for the next, like two to three years."},{"speaker":"Alex Jarbo","startTime":1937.332,"endTime":1941.266,"body":"And that sounds boring as hell, but"},{"speaker":"Alex Jarbo","startTime":1937.332,"endTime":1941.266,"body":"that's the secret to success is doing"},{"speaker":"Alex Jarbo","startTime":1941.296,"endTime":1943.126,"body":"very boring things consistently."},{"speaker":"Average Joe Finances","startTime":1943.294,"endTime":1944.044,"body":"That's fair."},{"speaker":"Average Joe Finances","startTime":1944.104,"endTime":1944.914,"body":"That's very fair."},{"speaker":"Average Joe Finances","startTime":1944.914,"endTime":1947.227,"body":"And that's a great book recommendation,"},{"speaker":"Average Joe Finances","startTime":1944.914,"endTime":1947.227,"body":"which is actually gonna be one of the"},{"speaker":"Average Joe Finances","startTime":1947.227,"endTime":1948.677,"body":"next questions I ask you, but that's fine."},{"speaker":"Average Joe Finances","startTime":1948.721,"endTime":1951.895,"body":"Yeah I think when you put it in"},{"speaker":"Average Joe Finances","startTime":1948.721,"endTime":1951.895,"body":"that perspective, it's, I feel"},{"speaker":"Average Joe Finances","startTime":1951.895,"endTime":1954.145,"body":"like you just gotta get out"},{"speaker":"Average Joe Finances","startTime":1951.895,"endTime":1954.145,"body":"there and make it happen, right?"},{"speaker":"Average Joe Finances","startTime":1954.475,"endTime":1957.074,"body":"Get out there and do and don't"},{"speaker":"Average Joe Finances","startTime":1954.475,"endTime":1957.074,"body":"let nobody hold you back."},{"speaker":"Average Joe Finances","startTime":1957.123,"endTime":1959.733,"body":"The only person that can really"},{"speaker":"Average Joe Finances","startTime":1957.123,"endTime":1959.733,"body":"hold you back is yourself."},{"speaker":"Average Joe Finances","startTime":1960.063,"endTime":1961.443,"body":"So definitely appreciate that, Alex."},{"speaker":"Average Joe Finances","startTime":1961.473,"endTime":1964.623,"body":"Okay, now the final question, and you"},{"speaker":"Average Joe Finances","startTime":1961.473,"endTime":1964.623,"body":"already mentioned a really good book,"},{"speaker":"Average Joe Finances","startTime":1964.623,"endTime":1966.873,"body":"so now you're gonna get a chance to"},{"speaker":"Average Joe Finances","startTime":1964.623,"endTime":1966.873,"body":"tell us another one that you like."},{"speaker":"Alex Jarbo","startTime":1967.023,"endTime":1967.203,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1967.288,"endTime":1970.193,"body":"But do you have"},{"speaker":"Average Joe Finances","startTime":1967.288,"endTime":1970.193,"body":"a favorite business investing or real"},{"speaker":"Average Joe Finances","startTime":1970.193,"endTime":1972.673,"body":"estate related book or podcast or both?"},{"speaker":"Alex Jarbo","startTime":1972.858,"endTime":1975.5,"body":"Yeah, so it's gonna"},{"speaker":"Alex Jarbo","startTime":1972.858,"endTime":1975.5,"body":"be a, just a general economy book."},{"speaker":"Alex Jarbo","startTime":1975.586,"endTime":1979.336,"body":"The Creature from Jekyll Island"},{"speaker":"Alex Jarbo","startTime":1975.586,"endTime":1979.336,"body":"is the best book I've ever read."},{"speaker":"Alex Jarbo","startTime":1979.353,"endTime":1982.622,"body":"Some people might classify it as a"},{"speaker":"Alex Jarbo","startTime":1979.353,"endTime":1982.622,"body":"conspiracy book, but it has a hundred and"},{"speaker":"Alex Jarbo","startTime":1982.622,"endTime":1984.422,"body":"something pages of references in the back."},{"speaker":"Alex Jarbo","startTime":1984.471,"endTime":1989.241,"body":"And every successful person that"},{"speaker":"Alex Jarbo","startTime":1984.471,"endTime":1989.241,"body":"I've studied that is alive today"},{"speaker":"Alex Jarbo","startTime":1989.271,"endTime":1992.121,"body":"for some reason, if you go through"},{"speaker":"Alex Jarbo","startTime":1989.271,"endTime":1992.121,"body":"their social media or something or"},{"speaker":"Alex Jarbo","startTime":1992.126,"endTime":1995.1,"body":"ask them that exact question you"},{"speaker":"Alex Jarbo","startTime":1992.126,"endTime":1995.1,"body":"just asked me, that book kept coming,"},{"speaker":"Alex Jarbo","startTime":1995.218,"endTime":1996.423,"body":"was the creature from Jekyll Island."},{"speaker":"Alex Jarbo","startTime":1996.423,"endTime":1999.573,"body":"So I think it's very important to"},{"speaker":"Alex Jarbo","startTime":1996.423,"endTime":1999.573,"body":"understand how our money system works."},{"speaker":"Alex Jarbo","startTime":1999.783,"endTime":2000.863,"body":"And it was very interesting."},{"speaker":"Alex Jarbo","startTime":2000.953,"endTime":2003.856,"body":"I had read that book prior to Covid,"},{"speaker":"Alex Jarbo","startTime":2000.953,"endTime":2003.856,"body":"right when I got out of the military."},{"speaker":"Alex Jarbo","startTime":2004.216,"endTime":2008.451,"body":"And it's, it was very interesting"},{"speaker":"Alex Jarbo","startTime":2004.216,"endTime":2008.451,"body":"to see that play out with how Covid"},{"speaker":"Alex Jarbo","startTime":2008.451,"endTime":2011.958,"body":"played out, like with how our money"},{"speaker":"Alex Jarbo","startTime":2008.451,"endTime":2011.958,"body":"system was handled and stuff like that."},{"speaker":"Average Joe Finances","startTime":2012.288,"endTime":2012.708,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2012.723,"endTime":2013.558,"body":"That is bonkers."},{"speaker":"Average Joe Finances","startTime":2013.948,"endTime":2014.248,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2014.248,"endTime":2017.958,"body":"I just wanna say that I've done"},{"speaker":"Average Joe Finances","startTime":2014.248,"endTime":2017.958,"body":"a lot of interviews, right?"},{"speaker":"Average Joe Finances","startTime":2017.958,"endTime":2020.418,"body":"And I've asked people this question a lot."},{"speaker":"Average Joe Finances","startTime":2020.472,"endTime":2023.589,"body":"The first time I heard this book"},{"speaker":"Average Joe Finances","startTime":2020.472,"endTime":2023.589,"body":"recommended, I said, okay, cool."},{"speaker":"Average Joe Finances","startTime":2023.599,"endTime":2026.522,"body":"The second time I heard it recommended,"},{"speaker":"Average Joe Finances","startTime":2023.599,"endTime":2026.522,"body":"I was like, oh, okay that's more than"},{"speaker":"Average Joe Finances","startTime":2026.522,"endTime":2027.812,"body":"one person recommending this book."},{"speaker":"Average Joe Finances","startTime":2028.292,"endTime":2031.295,"body":"Then the third time, which was"},{"speaker":"Average Joe Finances","startTime":2028.292,"endTime":2031.295,"body":"actually recently I said, this is the"},{"speaker":"Average Joe Finances","startTime":2031.3,"endTime":2035.029,"body":"third time somebody has recommended"},{"speaker":"Average Joe Finances","startTime":2031.3,"endTime":2035.029,"body":"this book, and now the fourth time."},{"speaker":"Average Joe Finances","startTime":2035.047,"endTime":2037.689,"body":"Which is funny because so many"},{"speaker":"Average Joe Finances","startTime":2035.047,"endTime":2037.689,"body":"people would mention other books,"},{"speaker":"Average Joe Finances","startTime":2037.689,"endTime":2040.178,"body":"there's so many other books"},{"speaker":"Average Joe Finances","startTime":2037.689,"endTime":2040.178,"body":"that I've had repeat offenders."},{"speaker":"Average Joe Finances","startTime":2040.478,"endTime":2042.531,"body":"This one has just been trickling in there."},{"speaker":"Average Joe Finances","startTime":2042.579,"endTime":2043.449,"body":"And now I feel."},{"speaker":"Average Joe Finances","startTime":2044.064,"endTime":2046.704,"body":"This being the fourth time it's"},{"speaker":"Average Joe Finances","startTime":2044.064,"endTime":2046.704,"body":"been mentioned, it's becoming"},{"speaker":"Average Joe Finances","startTime":2046.704,"endTime":2048.354,"body":"more of a solid recommendation."},{"speaker":"Alex Jarbo","startTime":2048.384,"endTime":2048.465,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":2048.465,"endTime":2049.99,"body":"It's a thick boy though, man."},{"speaker":"Average Joe Finances","startTime":2050.02,"endTime":2050.471,"body":"Yeah, I heard."},{"speaker":"Alex Jarbo","startTime":2050.471,"endTime":2051.773,"body":"Get Ready, it's 600 page book."},{"speaker":"Average Joe Finances","startTime":2051.778,"endTime":2052.013,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":2052.043,"endTime":2052.463,"body":"But."},{"speaker":"Average Joe Finances","startTime":2052.522,"endTime":2054.502,"body":"It's not"},{"speaker":"Average Joe Finances","startTime":2052.522,"endTime":2054.502,"body":"a easy read, but it's like one"},{"speaker":"Average Joe Finances","startTime":2054.502,"endTime":2055.762,"body":"of those must reads, right?"},{"speaker":"Alex Jarbo","startTime":2055.806,"endTime":2055.981,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":2055.981,"endTime":2058.726,"body":"It's like the goggles, like you put"},{"speaker":"Alex Jarbo","startTime":2055.981,"endTime":2058.726,"body":"the goggles on and you're like, oh,"},{"speaker":"Alex Jarbo","startTime":2058.726,"endTime":2062.073,"body":"like this is how our money system"},{"speaker":"Alex Jarbo","startTime":2058.726,"endTime":2062.073,"body":"works or the you it's a really good"},{"speaker":"Alex Jarbo","startTime":2062.073,"endTime":2063.632,"body":"predictor of what happens next."},{"speaker":"Alex Jarbo","startTime":2063.632,"endTime":2066.22,"body":"If our government starts"},{"speaker":"Alex Jarbo","startTime":2063.632,"endTime":2066.22,"body":"printing trillions of dollars,"},{"speaker":"Alex Jarbo","startTime":2066.58,"endTime":2067.78,"body":"inflation's gonna go up."},{"speaker":"Alex Jarbo","startTime":2067.78,"endTime":2069.46,"body":"Federal Reserve has to tame that."},{"speaker":"Alex Jarbo","startTime":2069.46,"endTime":2071.47,"body":"So it's very easy to predict"},{"speaker":"Alex Jarbo","startTime":2069.46,"endTime":2071.47,"body":"what's gonna happen next."},{"speaker":"Alex Jarbo","startTime":2071.47,"endTime":2072.45,"body":"After you read that book."},{"speaker":"Average Joe Finances","startTime":2072.83,"endTime":2074.748,"body":"Yeah, so you"},{"speaker":"Average Joe Finances","startTime":2072.83,"endTime":2074.748,"body":"have a better understanding of what"},{"speaker":"Average Joe Finances","startTime":2074.748,"endTime":2078.152,"body":"just recently happened and what is"},{"speaker":"Average Joe Finances","startTime":2074.748,"endTime":2078.152,"body":"currently, happening as further on."},{"speaker":"Alex Jarbo","startTime":2078.182,"endTime":2080.262,"body":"I was too young"},{"speaker":"Alex Jarbo","startTime":2078.182,"endTime":2080.262,"body":"for 2008 and nine for me to"},{"speaker":"Alex Jarbo","startTime":2080.262,"endTime":2081.462,"body":"be investing in real estate."},{"speaker":"Average Joe Finances","startTime":2081.467,"endTime":2081.651,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":2081.861,"endTime":2085.697,"body":"I dedicated like three months"},{"speaker":"Alex Jarbo","startTime":2081.861,"endTime":2085.697,"body":"to reading just general economy books."},{"speaker":"Alex Jarbo","startTime":2085.697,"endTime":2086.987,"body":"And that was the number one book."},{"speaker":"Alex Jarbo","startTime":2087.137,"endTime":2089.147,"body":"It's just understanding"},{"speaker":"Alex Jarbo","startTime":2087.137,"endTime":2089.147,"body":"how market cycles work."},{"speaker":"Average Joe Finances","startTime":2089.477,"endTime":2091.922,"body":"No, that's"},{"speaker":"Average Joe Finances","startTime":2089.477,"endTime":2091.922,"body":"great, man, because my first property"},{"speaker":"Average Joe Finances","startTime":2091.922,"endTime":2094.452,"body":"that I bought was in 2007, so you"},{"speaker":"Average Joe Finances","startTime":2091.922,"endTime":2094.452,"body":"can guess how that went, right?"},{"speaker":"Alex Jarbo","startTime":2094.482,"endTime":2094.682,"body":"Yeah."},{"speaker":"Alex Jarbo","startTime":2094.682,"endTime":2095.082,"body":"Perfect timing."},{"speaker":"Average Joe Finances","startTime":2095.107,"endTime":2096.484,"body":"Yeah"},{"speaker":"Average Joe Finances","startTime":2095.107,"endTime":2096.484,"body":"man that's great stuff Alex."},{"speaker":"Average Joe Finances","startTime":2096.532,"endTime":2097.522,"body":"Great recommendation."},{"speaker":"Average Joe Finances","startTime":2097.527,"endTime":2098.922,"body":"Definitely gonna add that to the list."},{"speaker":"Average Joe Finances","startTime":2098.945,"endTime":2102.298,"body":"It's actually already on my list, but"},{"speaker":"Average Joe Finances","startTime":2098.945,"endTime":2102.298,"body":"it's moving up now, so I appreciate that."},{"speaker":"Average Joe Finances","startTime":2102.3,"endTime":2104.77,"body":"Now Alex, that is it for the final round."},{"speaker":"Average Joe Finances","startTime":2104.785,"endTime":2108.625,"body":"However, I have one more question for"},{"speaker":"Average Joe Finances","startTime":2104.785,"endTime":2108.625,"body":"you, and it is the most important question"},{"speaker":"Average Joe Finances","startTime":2108.625,"endTime":2112.24,"body":"of all because people have listened to"},{"speaker":"Average Joe Finances","startTime":2108.625,"endTime":2112.24,"body":"this interview and they're like, Hey,"},{"speaker":"Average Joe Finances","startTime":2112.63,"endTime":2115.21,"body":"Alex, put out some fantastic information."},{"speaker":"Average Joe Finances","startTime":2115.265,"endTime":2120.036,"body":"The host did pretty good too, but we"},{"speaker":"Average Joe Finances","startTime":2115.265,"endTime":2120.036,"body":"wanna know more about Alex and where we"},{"speaker":"Average Joe Finances","startTime":2120.036,"endTime":2121.486,"body":"can find more information about them."},{"speaker":"Average Joe Finances","startTime":2121.516,"endTime":2124.756,"body":"Alex, if you could share where people"},{"speaker":"Average Joe Finances","startTime":2121.516,"endTime":2124.756,"body":"could find more information about you."},{"speaker":"Average Joe Finances","startTime":2124.756,"endTime":2127.211,"body":"Do you have a website, social"},{"speaker":"Average Joe Finances","startTime":2124.756,"endTime":2127.211,"body":"media anything like that?"},{"speaker":"Alex Jarbo","startTime":2127.891,"endTime":2130.408,"body":"Yeah I have a free"},{"speaker":"Alex Jarbo","startTime":2127.891,"endTime":2130.408,"body":"YouTube channel that I document most"},{"speaker":"Alex Jarbo","startTime":2130.408,"endTime":2133.007,"body":"of the stuff that I'm working on"},{"speaker":"Alex Jarbo","startTime":2130.408,"endTime":2133.007,"body":"through that and it trickles down."},{"speaker":"Alex Jarbo","startTime":2133.007,"endTime":2134.507,"body":"Sometimes I'll post three times a week."},{"speaker":"Alex Jarbo","startTime":2134.512,"endTime":2135.797,"body":"Sometimes I'll post one time a week."},{"speaker":"Alex Jarbo","startTime":2135.802,"endTime":2138.379,"body":"But the YouTube channel's Alex"},{"speaker":"Alex Jarbo","startTime":2135.802,"endTime":2138.379,"body":"builds, it's a little logo of"},{"speaker":"Alex Jarbo","startTime":2138.379,"endTime":2139.769,"body":"a blue treehouse, essentially."},{"speaker":"Alex Jarbo","startTime":2139.776,"endTime":2140.976,"body":"That's how people can find it."},{"speaker":"Alex Jarbo","startTime":2140.976,"endTime":2144.216,"body":"And then my personal website as well,"},{"speaker":"Alex Jarbo","startTime":2140.976,"endTime":2144.216,"body":"I recently put together a course."},{"speaker":"Alex Jarbo","startTime":2144.671,"endTime":2147.671,"body":"Detailing everything that I've"},{"speaker":"Alex Jarbo","startTime":2144.671,"endTime":2147.671,"body":"learned in the last six years."},{"speaker":"Alex Jarbo","startTime":2147.851,"endTime":2151.175,"body":"Essentially I created the course that I"},{"speaker":"Alex Jarbo","startTime":2147.851,"endTime":2151.175,"body":"wish I had when I started six years ago."},{"speaker":"Alex Jarbo","startTime":2151.175,"endTime":2154.475,"body":"If I would've had this course, probably"},{"speaker":"Alex Jarbo","startTime":2151.175,"endTime":2154.475,"body":"would've saved $300,000 at this"},{"speaker":"Alex Jarbo","startTime":2154.475,"endTime":2155.948,"body":"time in a whole bunch of headaches."},{"speaker":"Alex Jarbo","startTime":2155.983,"endTime":2158.723,"body":"But that's gonna be on my"},{"speaker":"Alex Jarbo","startTime":2155.983,"endTime":2158.723,"body":"personal site, alexjarbo.com."},{"speaker":"Alex Jarbo","startTime":2158.748,"endTime":2161.95,"body":"That's where all my interviews live,"},{"speaker":"Alex Jarbo","startTime":2158.748,"endTime":2161.95,"body":"that's where that course lives as well."},{"speaker":"Alex Jarbo","startTime":2162.19,"endTime":2165.28,"body":"You guys can like, click on the little"},{"speaker":"Alex Jarbo","startTime":2162.19,"endTime":2165.28,"body":"thing, sign up for it, and then if you"},{"speaker":"Alex Jarbo","startTime":2165.28,"endTime":2166.72,"body":"guys wanna purchase it at the end, feel."},{"speaker":"Average Joe Finances","startTime":2166.847,"endTime":2167.777,"body":"All right, fantastic."},{"speaker":"Average Joe Finances","startTime":2167.777,"endTime":2169.847,"body":"And I know you're also a"},{"speaker":"Average Joe Finances","startTime":2167.777,"endTime":2169.847,"body":"bigger pockets contributor."},{"speaker":"Alex Jarbo","startTime":2169.847,"endTime":2169.968,"body":"Yep."},{"speaker":"Alex Jarbo","startTime":2169.991,"endTime":2173.351,"body":"I write for the Bigger Pockets blog,"},{"speaker":"Alex Jarbo","startTime":2169.991,"endTime":2173.351,"body":"if you guys hop on their social, if you"},{"speaker":"Alex Jarbo","startTime":2173.351,"endTime":2176.853,"body":"hop on the, their free blog, like I'm"},{"speaker":"Alex Jarbo","startTime":2173.351,"endTime":2176.853,"body":"the short-term rental guy, or at least"},{"speaker":"Alex Jarbo","startTime":2176.853,"endTime":2178.053,"body":"one of the short-term rental people."},{"speaker":"Average Joe Finances","startTime":2178.103,"endTime":2178.651,"body":"There you go."},{"speaker":"Average Joe Finances","startTime":2178.678,"endTime":2180.273,"body":"Hey I'm gonna make it easy for everybody."},{"speaker":"Average Joe Finances","startTime":2180.278,"endTime":2182.973,"body":"I'm gonna have all those links"},{"speaker":"Average Joe Finances","startTime":2180.278,"endTime":2182.973,"body":"in the show notes so you guys"},{"speaker":"Average Joe Finances","startTime":2182.973,"endTime":2184.443,"body":"can copy and paste or click away."},{"speaker":"Average Joe Finances","startTime":2184.443,"endTime":2185.793,"body":"Just don't do it while you're driving."},{"speaker":"Average Joe Finances","startTime":2185.865,"endTime":2188.355,"body":"Alex, this has been a real"},{"speaker":"Average Joe Finances","startTime":2185.865,"endTime":2188.355,"body":"treatment, a real pleasure."},{"speaker":"Average Joe Finances","startTime":2188.355,"endTime":2189.825,"body":"Thank you so much for joining us."},{"speaker":"Alex Jarbo","startTime":2189.925,"endTime":2190.765,"body":"Thanks for having me on, man."},{"speaker":"Average Joe Finances","startTime":2191.035,"endTime":2191.785,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":2191.785,"endTime":2194.605,"body":"And hey, to my listeners, thank"},{"speaker":"Average Joe Finances","startTime":2191.785,"endTime":2194.605,"body":"you so much for joining me and"},{"speaker":"Average Joe Finances","startTime":2194.605,"endTime":2198.265,"body":"our special guest, Alex Jarbo, on"},{"speaker":"Average Joe Finances","startTime":2194.605,"endTime":2198.265,"body":"the Average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":2198.565,"endTime":2200.755,"body":"Go leave us a five star review"},{"speaker":"Average Joe Finances","startTime":2198.565,"endTime":2200.755,"body":"and tell us what you liked"},{"speaker":"Average Joe Finances","startTime":2200.755,"endTime":2202.885,"body":"about today's episode with Alex."},{"speaker":"Average Joe Finances","startTime":2203.155,"endTime":2205.675,"body":"Aloha from Hawaii and have"},{"speaker":"Average Joe Finances","startTime":2203.155,"endTime":2205.675,"body":"a great rest of your day."}]}