{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.792,"endTime":3.192,"body":"Hey, Welcome back"},{"speaker":"Average Joe Finances","startTime":0.792,"endTime":3.192,"body":"to the Average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":3.192,"endTime":7.522,"body":"I'm your host, Mike Cavaggioni"},{"speaker":"Average Joe Finances","startTime":3.192,"endTime":7.522,"body":"and today's guest is Chris Giorgi."},{"speaker":"Average Joe Finances","startTime":7.542,"endTime":9.342,"body":"So Chris, super excited to talk to you."},{"speaker":"Average Joe Finances","startTime":9.342,"endTime":11.562,"body":"We talked a little bit off"},{"speaker":"Average Joe Finances","startTime":9.342,"endTime":11.562,"body":"camera, and I think we're gonna"},{"speaker":"Average Joe Finances","startTime":11.562,"endTime":13.362,"body":"have a great conversation."},{"speaker":"Average Joe Finances","startTime":13.602,"endTime":14.352,"body":"Welcome to the show."},{"speaker":"Chris Giorgi","startTime":15.822,"endTime":16.212,"body":"Thanks, Mike."},{"speaker":"Chris Giorgi","startTime":16.342,"endTime":17.932,"body":"I've been waiting for a"},{"speaker":"Chris Giorgi","startTime":16.342,"endTime":17.932,"body":"long time to talk to you."},{"speaker":"Chris Giorgi","startTime":18.202,"endTime":20.662,"body":"As I told you, listen,"},{"speaker":"Chris Giorgi","startTime":18.202,"endTime":20.662,"body":"just about all your shows."},{"speaker":"Chris Giorgi","startTime":20.662,"endTime":24.842,"body":"I listened to two of them today"},{"speaker":"Chris Giorgi","startTime":20.662,"endTime":24.842,"body":"just to make sure, I got my mind"},{"speaker":"Chris Giorgi","startTime":24.842,"endTime":26.492,"body":"right and so I'm excited for this."},{"speaker":"Average Joe Finances","startTime":26.972,"endTime":27.362,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":27.542,"endTime":29.112,"body":"I really appreciate that."},{"speaker":"Average Joe Finances","startTime":29.332,"endTime":33.172,"body":"It's always awesome to bring somebody on"},{"speaker":"Average Joe Finances","startTime":29.332,"endTime":33.172,"body":"the show that's, that listens to the show"},{"speaker":"Average Joe Finances","startTime":33.482,"endTime":36.787,"body":"because you know what to expect and the"},{"speaker":"Average Joe Finances","startTime":33.482,"endTime":36.787,"body":"conversations are a little bit smoother."},{"speaker":"Average Joe Finances","startTime":37.117,"endTime":41.677,"body":"But hey, I wanna start this off this same"},{"speaker":"Average Joe Finances","startTime":37.117,"endTime":41.677,"body":"way I start every podcast episode off,"},{"speaker":"Average Joe Finances","startTime":41.677,"endTime":43.897,"body":"and you should know how this works by now."},{"speaker":"Average Joe Finances","startTime":44.017,"endTime":45.997,"body":"And we wanna know more about you."},{"speaker":"Average Joe Finances","startTime":46.057,"endTime":48.967,"body":"So if you could share a little bit"},{"speaker":"Average Joe Finances","startTime":46.057,"endTime":48.967,"body":"about yourself, share your story."},{"speaker":"Average Joe Finances","startTime":49.297,"endTime":51.807,"body":"Tell us who is Chris Giorgi?"},{"speaker":"Chris Giorgi","startTime":53.437,"endTime":54.427,"body":"Surely Mike, thanks."},{"speaker":"Chris Giorgi","startTime":55.207,"endTime":56.687,"body":"As Mike said, my name's Chris Giorgi."},{"speaker":"Chris Giorgi","startTime":56.857,"endTime":60.667,"body":"I'm currently doing this and leaving"},{"speaker":"Chris Giorgi","startTime":56.857,"endTime":60.667,"body":"right now in Bavaria, Germany."},{"speaker":"Chris Giorgi","startTime":60.937,"endTime":64.357,"body":"Happily married to my wife, who"},{"speaker":"Chris Giorgi","startTime":60.937,"endTime":64.357,"body":"is also an American and are two"},{"speaker":"Chris Giorgi","startTime":64.357,"endTime":66.227,"body":"daughters 9 and 11 years old."},{"speaker":"Chris Giorgi","startTime":66.707,"endTime":69.047,"body":"As I told you, Mike, they're"},{"speaker":"Chris Giorgi","startTime":66.707,"endTime":69.047,"body":"in the German school system."},{"speaker":"Chris Giorgi","startTime":69.052,"endTime":72.227,"body":"They're one of the reasons that"},{"speaker":"Chris Giorgi","startTime":69.052,"endTime":72.227,"body":"why we're staying here in Germany."},{"speaker":"Chris Giorgi","startTime":72.827,"endTime":75.887,"body":"And so they're completely bilingual,"},{"speaker":"Chris Giorgi","startTime":72.827,"endTime":75.887,"body":"which is for me was very important."},{"speaker":"Chris Giorgi","startTime":76.397,"endTime":79.337,"body":"And so they won't get out to"},{"speaker":"Chris Giorgi","startTime":76.397,"endTime":79.337,"body":"get out of the high school for"},{"speaker":"Chris Giorgi","startTime":79.337,"endTime":80.987,"body":"another seven to eight years."},{"speaker":"Chris Giorgi","startTime":80.987,"endTime":82.427,"body":"So that's my investing timeline."},{"speaker":"Chris Giorgi","startTime":83.207,"endTime":85.277,"body":"I work for a defense contracting company."},{"speaker":"Chris Giorgi","startTime":85.727,"endTime":89.447,"body":"I'm an army veteran and"},{"speaker":"Chris Giorgi","startTime":85.727,"endTime":89.447,"body":"that's what we're doing now."},{"speaker":"Chris Giorgi","startTime":89.507,"endTime":94.247,"body":"But if you wanna back it up, my"},{"speaker":"Chris Giorgi","startTime":89.507,"endTime":94.247,"body":"investing career started when I was 16."},{"speaker":"Chris Giorgi","startTime":94.427,"endTime":97.507,"body":"And that's only cuz my dad, I think"},{"speaker":"Chris Giorgi","startTime":94.427,"endTime":97.507,"body":"met with the financial advisor when he"},{"speaker":"Chris Giorgi","startTime":97.507,"endTime":100.237,"body":"was, whatever age he was when I was 16."},{"speaker":"Chris Giorgi","startTime":100.237,"endTime":100.267,"body":"Okay."},{"speaker":"Chris Giorgi","startTime":100.837,"endTime":104.507,"body":"And so he started a mutual"},{"speaker":"Chris Giorgi","startTime":100.837,"endTime":104.507,"body":"fund for me for all the kids."},{"speaker":"Chris Giorgi","startTime":104.567,"endTime":109.327,"body":"There was four of us, and I think"},{"speaker":"Chris Giorgi","startTime":104.567,"endTime":109.327,"body":"we put $2,000 of like baby bonds"},{"speaker":"Chris Giorgi","startTime":109.327,"endTime":111.607,"body":"that we had growing up into it."},{"speaker":"Chris Giorgi","startTime":111.877,"endTime":118.657,"body":"And from when I was 16, almost every"},{"speaker":"Chris Giorgi","startTime":111.877,"endTime":118.657,"body":"paycheck from when I was a pizza delivery"},{"speaker":"Chris Giorgi","startTime":118.662,"endTime":122.827,"body":"guy, pizza maker, lifeguard, I put a"},{"speaker":"Chris Giorgi","startTime":118.662,"endTime":122.827,"body":"little bit of money into that mutual"},{"speaker":"Chris Giorgi","startTime":122.827,"endTime":127.897,"body":"fund, and I still had it in 2018 when"},{"speaker":"Chris Giorgi","startTime":122.827,"endTime":127.897,"body":"I started repurchasing properties."},{"speaker":"Chris Giorgi","startTime":128.947,"endTime":133.457,"body":"So I was 16, bought my first property"},{"speaker":"Chris Giorgi","startTime":128.947,"endTime":133.457,"body":"after my first deployment in 2004."},{"speaker":"Chris Giorgi","startTime":133.907,"endTime":135.377,"body":"It was a foreclosure condo."},{"speaker":"Chris Giorgi","startTime":135.527,"endTime":140.597,"body":"Didn't really know what I was"},{"speaker":"Chris Giorgi","startTime":135.527,"endTime":140.597,"body":"doing, but I went all in on that."},{"speaker":"Chris Giorgi","startTime":140.677,"endTime":144.787,"body":"I was in a unit that had a lot of"},{"speaker":"Chris Giorgi","startTime":140.677,"endTime":144.787,"body":"combat engineers and a lot of other"},{"speaker":"Chris Giorgi","startTime":144.787,"endTime":146.827,"body":"guys like plumbers, electricians."},{"speaker":"Chris Giorgi","startTime":147.532,"endTime":150.322,"body":"Guys that knew tile carpeting,"},{"speaker":"Chris Giorgi","startTime":147.532,"endTime":150.322,"body":"and so I just hired all these"},{"speaker":"Chris Giorgi","startTime":150.322,"endTime":153.712,"body":"guys, 20 bucks, can you come over"},{"speaker":"Chris Giorgi","startTime":150.322,"endTime":153.712,"body":"here, show me how to do this."},{"speaker":"Chris Giorgi","startTime":154.492,"endTime":155.572,"body":"Figured all that stuff out."},{"speaker":"Chris Giorgi","startTime":155.572,"endTime":158.392,"body":"I was pretty handy already, but I had"},{"speaker":"Chris Giorgi","startTime":155.572,"endTime":158.392,"body":"never really done that stuff myself."},{"speaker":"Chris Giorgi","startTime":158.992,"endTime":160.042,"body":"So that was my first one."},{"speaker":"Chris Giorgi","startTime":160.762,"endTime":162.862,"body":"Six months later, I met my now wife."},{"speaker":"Chris Giorgi","startTime":163.042,"endTime":165.177,"body":"So we were we dated for a little bit."},{"speaker":"Chris Giorgi","startTime":165.267,"endTime":168.777,"body":"I deployed my second"},{"speaker":"Chris Giorgi","startTime":165.267,"endTime":168.777,"body":"deployment after I got back."},{"speaker":"Chris Giorgi","startTime":168.777,"endTime":170.537,"body":"We moved in together in Savannah."},{"speaker":"Chris Giorgi","startTime":172.122,"endTime":175.557,"body":"We did two flips there, turns"},{"speaker":"Chris Giorgi","startTime":172.122,"endTime":175.557,"body":"out she's more handy than"},{"speaker":"Chris Giorgi","startTime":175.557,"endTime":177.117,"body":"I am, which is very useful."},{"speaker":"Chris Giorgi","startTime":177.597,"endTime":179.037,"body":"So we did two flips."},{"speaker":"Chris Giorgi","startTime":179.127,"endTime":183.507,"body":"She sold one of the property as for sale"},{"speaker":"Chris Giorgi","startTime":179.127,"endTime":183.507,"body":"by owner herself, and we did a couple,"},{"speaker":"Chris Giorgi","startTime":183.577,"endTime":187.597,"body":"we did a two year live-in Flip where"},{"speaker":"Chris Giorgi","startTime":183.577,"endTime":187.597,"body":"we completely gutted the place, like"},{"speaker":"Chris Giorgi","startTime":187.597,"endTime":190.627,"body":"a 2,700 square foot house pretty big."},{"speaker":"Chris Giorgi","startTime":191.197,"endTime":195.367,"body":"And we did, took two years to do"},{"speaker":"Chris Giorgi","startTime":191.197,"endTime":195.367,"body":"that, had our first daughter there."},{"speaker":"Chris Giorgi","startTime":195.967,"endTime":197.857,"body":"Then we bought a couple other properties."},{"speaker":"Chris Giorgi","startTime":197.977,"endTime":204.097,"body":"Until about 2013 and then 2013"},{"speaker":"Chris Giorgi","startTime":197.977,"endTime":204.097,"body":"I went to Estonia for 10 months."},{"speaker":"Chris Giorgi","startTime":204.787,"endTime":207.067,"body":"She stayed back cuz she was"},{"speaker":"Chris Giorgi","startTime":204.787,"endTime":207.067,"body":"pregnant with our second child."},{"speaker":"Chris Giorgi","startTime":207.337,"endTime":209.797,"body":"She had the kid and then"},{"speaker":"Chris Giorgi","startTime":207.337,"endTime":209.797,"body":"she came over in December."},{"speaker":"Chris Giorgi","startTime":211.477,"endTime":214.477,"body":"But bottom line, life just got"},{"speaker":"Chris Giorgi","startTime":211.477,"endTime":214.477,"body":"really busy, got a little higher"},{"speaker":"Chris Giorgi","startTime":214.482,"endTime":219.517,"body":"and rank, took some harder jobs,"},{"speaker":"Chris Giorgi","startTime":214.482,"endTime":219.517,"body":"more deployments to Iraq or Kuwait."},{"speaker":"Chris Giorgi","startTime":220.027,"endTime":222.937,"body":"And so we didn't invest"},{"speaker":"Chris Giorgi","startTime":220.027,"endTime":222.937,"body":"anymore from 13 to 18."},{"speaker":"Chris Giorgi","startTime":223.447,"endTime":224.137,"body":"In 2018."},{"speaker":"Chris Giorgi","startTime":224.137,"endTime":224.887,"body":"I knew I was getting out."},{"speaker":"Chris Giorgi","startTime":225.397,"endTime":229.527,"body":"So I stopped all investments to the TSP,"},{"speaker":"Chris Giorgi","startTime":225.397,"endTime":229.527,"body":"which I was heavily investing in the TSP."},{"speaker":"Chris Giorgi","startTime":229.727,"endTime":234.432,"body":"Actually the first thing I did was"},{"speaker":"Chris Giorgi","startTime":229.727,"endTime":234.432,"body":"I read Rich Dad, poor Dad, which, I"},{"speaker":"Chris Giorgi","startTime":234.432,"endTime":238.572,"body":"kicked myself, my buddy gave it to"},{"speaker":"Chris Giorgi","startTime":234.432,"endTime":238.572,"body":"me in 2003 when we were in Korea."},{"speaker":"Chris Giorgi","startTime":238.812,"endTime":241.792,"body":"I looked at it and I was like"},{"speaker":"Chris Giorgi","startTime":238.812,"endTime":241.792,"body":"I don't have time to read this."},{"speaker":"Chris Giorgi","startTime":241.797,"endTime":245.862,"body":"And I put it back down and then I"},{"speaker":"Chris Giorgi","startTime":241.797,"endTime":245.862,"body":"didn't pick it up again until 2018."},{"speaker":"Chris Giorgi","startTime":246.882,"endTime":252.142,"body":"And then from 2018, like September is"},{"speaker":"Chris Giorgi","startTime":246.882,"endTime":252.142,"body":"when I bought my fifth property until."},{"speaker":"Chris Giorgi","startTime":252.532,"endTime":259.432,"body":"Mid 2021, I went from four properties"},{"speaker":"Chris Giorgi","startTime":252.532,"endTime":259.432,"body":"to 36, and then I sold four of them"},{"speaker":"Chris Giorgi","startTime":259.432,"endTime":263.692,"body":"last year, and now I'm thinking"},{"speaker":"Chris Giorgi","startTime":259.432,"endTime":263.692,"body":"about maybe getting back in the game"},{"speaker":"Chris Giorgi","startTime":263.692,"endTime":266.822,"body":"and purchase some, purchasing, some"},{"speaker":"Chris Giorgi","startTime":263.692,"endTime":266.822,"body":"other ones even with the the interest"},{"speaker":"Chris Giorgi","startTime":266.827,"endTime":267.932,"body":"rates as high as they are right now."},{"speaker":"Average Joe Finances","startTime":268.412,"endTime":268.832,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":269.222,"endTime":269.312,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":269.312,"endTime":271.617,"body":"So you have 32 active right now then."},{"speaker":"Average Joe Finances","startTime":271.617,"endTime":271.917,"body":"Right?"},{"speaker":"Chris Giorgi","startTime":272.707,"endTime":273.157,"body":"Yes."},{"speaker":"Chris Giorgi","startTime":273.337,"endTime":275.437,"body":"One of those is a 12 Plex."},{"speaker":"Chris Giorgi","startTime":275.457,"endTime":279.192,"body":"We'll talk about when or"},{"speaker":"Chris Giorgi","startTime":275.457,"endTime":279.192,"body":"whenever you want, but one of"},{"speaker":"Chris Giorgi","startTime":279.192,"endTime":281.672,"body":"my mistakes was that 12 Plex."},{"speaker":"Average Joe Finances","startTime":281.692,"endTime":283.582,"body":"Alright,"},{"speaker":"Average Joe Finances","startTime":281.692,"endTime":283.582,"body":"Chris, so I gotta ask you obviously"},{"speaker":"Average Joe Finances","startTime":283.582,"endTime":284.992,"body":"you read the purple Bible, right?"},{"speaker":"Chris Giorgi","startTime":285.002,"endTime":285.152,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":285.272,"endTime":287.402,"body":"And kicked"},{"speaker":"Average Joe Finances","startTime":285.272,"endTime":287.402,"body":"yourself after that oh, I wish"},{"speaker":"Average Joe Finances","startTime":287.407,"endTime":288.272,"body":"I would've read this sooner."},{"speaker":"Average Joe Finances","startTime":288.332,"endTime":289.682,"body":"I totally get that man."},{"speaker":"Average Joe Finances","startTime":290.072,"endTime":294.462,"body":"I try to make sure, every young person I"},{"speaker":"Average Joe Finances","startTime":290.072,"endTime":294.462,"body":"meet, I tell them to go read that book."},{"speaker":"Average Joe Finances","startTime":294.562,"endTime":294.922,"body":"But yeah."},{"speaker":"Average Joe Finances","startTime":294.922,"endTime":300.482,"body":"So you were in the army and you"},{"speaker":"Average Joe Finances","startTime":294.922,"endTime":300.482,"body":"were, obviously deployed a lot."},{"speaker":"Average Joe Finances","startTime":300.672,"endTime":305.472,"body":"Because for most of us that served"},{"speaker":"Average Joe Finances","startTime":300.672,"endTime":305.472,"body":"at least I, my entire 20 years in the"},{"speaker":"Average Joe Finances","startTime":305.472,"endTime":309.942,"body":"Navy was during wartime, so got plenty"},{"speaker":"Average Joe Finances","startTime":305.472,"endTime":309.942,"body":"of deployments under my belt as well."},{"speaker":"Average Joe Finances","startTime":310.972,"endTime":313.922,"body":"Understandably, that could"},{"speaker":"Average Joe Finances","startTime":310.972,"endTime":313.922,"body":"be very difficult especially"},{"speaker":"Average Joe Finances","startTime":313.922,"endTime":315.122,"body":"if you have a family, right?"},{"speaker":"Average Joe Finances","startTime":315.122,"endTime":316.952,"body":"So you got married, you"},{"speaker":"Average Joe Finances","startTime":315.122,"endTime":316.952,"body":"started having kids."},{"speaker":"Average Joe Finances","startTime":317.642,"endTime":319.652,"body":"That can make things very complicated."},{"speaker":"Average Joe Finances","startTime":320.102,"endTime":325.562,"body":"Now, you stopped buying properties"},{"speaker":"Average Joe Finances","startTime":320.102,"endTime":325.562,"body":"in 2013, and then you didn't"},{"speaker":"Average Joe Finances","startTime":325.562,"endTime":326.912,"body":"start purchasing it until 2018."},{"speaker":"Average Joe Finances","startTime":326.912,"endTime":329.042,"body":"Why is it that you stopped in 2013?"},{"speaker":"Average Joe Finances","startTime":329.092,"endTime":333.772,"body":"Was it the op tempo schedule you had with"},{"speaker":"Average Joe Finances","startTime":329.092,"endTime":333.772,"body":"the deployments, or what was it that made"},{"speaker":"Average Joe Finances","startTime":333.772,"endTime":335.632,"body":"you decide to pause for a little bit."},{"speaker":"Chris Giorgi","startTime":337.507,"endTime":338.197,"body":"A couple reasons."},{"speaker":"Chris Giorgi","startTime":338.197,"endTime":339.037,"body":"One, yes."},{"speaker":"Chris Giorgi","startTime":339.037,"endTime":339.817,"body":"The OP temple."},{"speaker":"Chris Giorgi","startTime":339.877,"endTime":345.337,"body":"So I was an operations officer,"},{"speaker":"Chris Giorgi","startTime":339.877,"endTime":345.337,"body":"I was in the brigade staff."},{"speaker":"Chris Giorgi","startTime":345.397,"endTime":346.777,"body":"Those are not nine to five."},{"speaker":"Chris Giorgi","startTime":346.832,"endTime":347.972,"body":"They're not nine to five jobs, right?"},{"speaker":"Chris Giorgi","startTime":348.002,"endTime":352.252,"body":"Nothing in the army is, but"},{"speaker":"Chris Giorgi","startTime":348.002,"endTime":352.252,"body":"you're going to 19:00-20:00 at"},{"speaker":"Chris Giorgi","startTime":352.252,"endTime":354.082,"body":"night tied to the Blackberry."},{"speaker":"Chris Giorgi","startTime":355.222,"endTime":361.102,"body":"I actually thought I, what I was gonna do"},{"speaker":"Chris Giorgi","startTime":355.222,"endTime":361.102,"body":"is retire and then start flipping houses."},{"speaker":"Chris Giorgi","startTime":361.712,"endTime":362.372,"body":"And I figured."},{"speaker":"Chris Giorgi","startTime":363.017,"endTime":364.787,"body":"With 50% retirement pay."},{"speaker":"Chris Giorgi","startTime":364.887,"endTime":367.697,"body":"I only had to flip two or three"},{"speaker":"Chris Giorgi","startTime":364.887,"endTime":367.697,"body":"houses a year and we'd be good."},{"speaker":"Chris Giorgi","startTime":368.507,"endTime":373.487,"body":"Then when I was like, we're staying"},{"speaker":"Chris Giorgi","startTime":368.507,"endTime":373.487,"body":"in Germany now, I kicked myself"},{"speaker":"Chris Giorgi","startTime":373.487,"endTime":379.322,"body":"for not buying stuff from 2013"},{"speaker":"Chris Giorgi","startTime":373.487,"endTime":379.322,"body":"to 18 at the same time, there was"},{"speaker":"Chris Giorgi","startTime":379.322,"endTime":380.852,"body":"two or three deployments in there."},{"speaker":"Average Joe Finances","startTime":381.242,"endTime":381.482,"body":"Yeah."},{"speaker":"Chris Giorgi","startTime":381.512,"endTime":386.322,"body":"There was, it was just"},{"speaker":"Chris Giorgi","startTime":381.512,"endTime":386.322,"body":"life two kids and just trying to."},{"speaker":"Chris Giorgi","startTime":386.892,"endTime":389.082,"body":"Keep it all together and keep my sanity."},{"speaker":"Chris Giorgi","startTime":389.382,"endTime":391.992,"body":"There was one time when I was a company"},{"speaker":"Chris Giorgi","startTime":389.382,"endTime":391.992,"body":"commander, we were flipping a house"},{"speaker":"Chris Giorgi","startTime":392.712,"endTime":394.512,"body":"and after work it was like 1800."},{"speaker":"Chris Giorgi","startTime":394.517,"endTime":398.792,"body":"I'm driving to the property, I fell asleep"},{"speaker":"Chris Giorgi","startTime":394.517,"endTime":398.792,"body":"in this broad daylight out and I didn't"},{"speaker":"Chris Giorgi","startTime":398.792,"endTime":403.757,"body":"crash but, my car hit the center median"},{"speaker":"Chris Giorgi","startTime":398.792,"endTime":403.757,"body":"and it woke me up and I was like, cuz"},{"speaker":"Chris Giorgi","startTime":403.787,"endTime":406.667,"body":"I'd stay there, it's like midnight and"},{"speaker":"Chris Giorgi","startTime":403.787,"endTime":406.667,"body":"then wake up at five 30 in the morning"},{"speaker":"Chris Giorgi","startTime":406.667,"endTime":408.167,"body":"to go PT and it was just like that."},{"speaker":"Chris Giorgi","startTime":408.497,"endTime":409.847,"body":"I can't keep on doing this."},{"speaker":"Chris Giorgi","startTime":409.847,"endTime":411.797,"body":"Like it's gonna have to,"},{"speaker":"Chris Giorgi","startTime":409.847,"endTime":411.797,"body":"something's gotta give."},{"speaker":"Chris Giorgi","startTime":411.797,"endTime":414.257,"body":"And so the real estate"},{"speaker":"Chris Giorgi","startTime":411.797,"endTime":414.257,"body":"investing gave a little bit."},{"speaker":"Average Joe Finances","startTime":414.902,"endTime":416.462,"body":"Yeah"},{"speaker":"Average Joe Finances","startTime":414.902,"endTime":416.462,"body":"that's pretty taxing on the body."},{"speaker":"Average Joe Finances","startTime":416.462,"endTime":418.112,"body":"And that was the thing"},{"speaker":"Average Joe Finances","startTime":416.462,"endTime":418.112,"body":"that had to give, right?"},{"speaker":"Average Joe Finances","startTime":418.112,"endTime":422.012,"body":"Because you had a contract with the"},{"speaker":"Average Joe Finances","startTime":418.112,"endTime":422.012,"body":"United States government and you"},{"speaker":"Average Joe Finances","startTime":422.012,"endTime":425.882,"body":"were owned by the Army during that"},{"speaker":"Average Joe Finances","startTime":422.012,"endTime":425.882,"body":"time, so that had to be number one."},{"speaker":"Average Joe Finances","startTime":426.692,"endTime":427.082,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":427.322,"endTime":431.342,"body":"Now I wanna rewind back a little bit"},{"speaker":"Average Joe Finances","startTime":427.322,"endTime":431.342,"body":"further, Chris, because you were talking"},{"speaker":"Average Joe Finances","startTime":431.342,"endTime":435.542,"body":"about when you were 16 years old, your"},{"speaker":"Average Joe Finances","startTime":431.342,"endTime":435.542,"body":"dad got you a mutual funds account, right?"},{"speaker":"Average Joe Finances","startTime":435.912,"endTime":437.586,"body":"And did he teach you about that?"},{"speaker":"Average Joe Finances","startTime":437.586,"endTime":441.966,"body":"Like why he was putting all of"},{"speaker":"Average Joe Finances","startTime":437.586,"endTime":441.966,"body":"your bonds and money into that."},{"speaker":"Average Joe Finances","startTime":442.116,"endTime":445.066,"body":"Was there any type of"},{"speaker":"Average Joe Finances","startTime":442.116,"endTime":445.066,"body":"education that came with that?"},{"speaker":"Chris Giorgi","startTime":446.746,"endTime":449.506,"body":"Not really and I think"},{"speaker":"Chris Giorgi","startTime":446.746,"endTime":449.506,"body":"my mom was actually against it,"},{"speaker":"Chris Giorgi","startTime":449.866,"endTime":453.706,"body":"but, so I wasn't dumb with finance."},{"speaker":"Chris Giorgi","startTime":453.706,"endTime":455.891,"body":"I had a personal finance book for dummies."},{"speaker":"Chris Giorgi","startTime":455.951,"endTime":459.731,"body":"I think I was reading it when I was"},{"speaker":"Chris Giorgi","startTime":455.951,"endTime":459.731,"body":"14, and so I understood the concepts."},{"speaker":"Chris Giorgi","startTime":460.211,"endTime":461.501,"body":"I just didn't know."},{"speaker":"Chris Giorgi","startTime":461.561,"endTime":464.171,"body":"All I knew was put"},{"speaker":"Chris Giorgi","startTime":461.561,"endTime":464.171,"body":"money into this account."},{"speaker":"Chris Giorgi","startTime":464.171,"endTime":466.691,"body":"My dad said, put, always put"},{"speaker":"Chris Giorgi","startTime":464.171,"endTime":466.691,"body":"some money into this account."},{"speaker":"Chris Giorgi","startTime":466.991,"endTime":469.071,"body":"I wasn't even sure what"},{"speaker":"Chris Giorgi","startTime":466.991,"endTime":469.071,"body":"it was invested in."},{"speaker":"Chris Giorgi","startTime":469.431,"endTime":470.961,"body":"Probably like the broad stock market."},{"speaker":"Chris Giorgi","startTime":471.911,"endTime":473.261,"body":"Some index fund back then."},{"speaker":"Chris Giorgi","startTime":473.891,"endTime":477.251,"body":"But it was either that or put it into"},{"speaker":"Chris Giorgi","startTime":473.891,"endTime":477.251,"body":"a savings account and I knew the bank"},{"speaker":"Chris Giorgi","startTime":477.251,"endTime":478.811,"body":"savings account wasn't paying anything."},{"speaker":"Chris Giorgi","startTime":478.811,"endTime":482.441,"body":"So I put it in there and I know you get"},{"speaker":"Chris Giorgi","startTime":478.811,"endTime":482.441,"body":"the monthly or the quarterly statements,"},{"speaker":"Chris Giorgi","startTime":482.441,"endTime":484.871,"body":"you could see it going up and going down."},{"speaker":"Chris Giorgi","startTime":485.081,"endTime":487.601,"body":"I was always a long-term optimist."},{"speaker":"Chris Giorgi","startTime":487.601,"endTime":489.281,"body":"I knew the market would go up and down."},{"speaker":"Chris Giorgi","startTime":489.686,"endTime":492.896,"body":"But I wasn't, I didn't"},{"speaker":"Chris Giorgi","startTime":489.686,"endTime":492.896,"body":"know why or anything."},{"speaker":"Chris Giorgi","startTime":492.896,"endTime":497.216,"body":"I just knew put money in here and it'll"},{"speaker":"Chris Giorgi","startTime":492.896,"endTime":497.216,"body":"be there and it'll continue to grow."},{"speaker":"Average Joe Finances","startTime":499.526,"endTime":499.886,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":499.886,"endTime":500.156,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":500.156,"endTime":500.636,"body":"Right on."},{"speaker":"Average Joe Finances","startTime":500.636,"endTime":503.876,"body":"Reading that book at 14 probably really"},{"speaker":"Average Joe Finances","startTime":500.636,"endTime":503.876,"body":"helped you out a lot when it came to this."},{"speaker":"Average Joe Finances","startTime":504.206,"endTime":507.256,"body":"Now did I hear you correctly when"},{"speaker":"Average Joe Finances","startTime":504.206,"endTime":507.256,"body":"you were sharing your background,"},{"speaker":"Average Joe Finances","startTime":507.256,"endTime":510.506,"body":"that you were taking your entire"},{"speaker":"Average Joe Finances","startTime":507.256,"endTime":510.506,"body":"paycheck and putting it into this,"},{"speaker":"Average Joe Finances","startTime":510.506,"endTime":512.006,"body":"or was it just a very large amount?"},{"speaker":"Chris Giorgi","startTime":513.521,"endTime":514.841,"body":"Yeah, it"},{"speaker":"Chris Giorgi","startTime":513.521,"endTime":514.841,"body":"was a very large amount."},{"speaker":"Chris Giorgi","startTime":514.991,"endTime":520.991,"body":"So when I was deployed, I would, sometimes"},{"speaker":"Chris Giorgi","startTime":514.991,"endTime":520.991,"body":"I'd put 60% of my paycheck into the TSP."},{"speaker":"Chris Giorgi","startTime":521.651,"endTime":526.381,"body":"On top of that, I would put other,"},{"speaker":"Chris Giorgi","startTime":521.651,"endTime":526.381,"body":"another percentage into non -TSP."},{"speaker":"Average Joe Finances","startTime":526.381,"endTime":528.556,"body":"No, I was talking"},{"speaker":"Average Joe Finances","startTime":526.381,"endTime":528.556,"body":"about when you were 16 into the mutual."},{"speaker":"Chris Giorgi","startTime":528.556,"endTime":528.711,"body":"Oh no."},{"speaker":"Chris Giorgi","startTime":528.716,"endTime":529.161,"body":"Okay."},{"speaker":"Chris Giorgi","startTime":529.166,"endTime":529.191,"body":"Okay."},{"speaker":"Chris Giorgi","startTime":529.191,"endTime":534.831,"body":"When I was 16, not the entire paycheck,"},{"speaker":"Chris Giorgi","startTime":529.191,"endTime":534.831,"body":"but I was putting probably 40 to 50%,"},{"speaker":"Chris Giorgi","startTime":534.931,"endTime":539.866,"body":"it wasn't, so it could have been,"},{"speaker":"Chris Giorgi","startTime":534.931,"endTime":539.866,"body":"500 or a thousand dollars a month"},{"speaker":"Chris Giorgi","startTime":539.866,"endTime":543.406,"body":"in the summer when I was working"},{"speaker":"Chris Giorgi","startTime":539.866,"endTime":543.406,"body":"and which was a lot of money for me."},{"speaker":"Chris Giorgi","startTime":543.406,"endTime":545.716,"body":"I was never a huge spender on stuff."},{"speaker":"Average Joe Finances","startTime":545.771,"endTime":546.101,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":546.861,"endTime":548.241,"body":"So actually, excuse me."},{"speaker":"Average Joe Finances","startTime":548.241,"endTime":553.281,"body":"With the TSP, did you, were you part"},{"speaker":"Average Joe Finances","startTime":548.241,"endTime":553.281,"body":"of, or did you switch over to the"},{"speaker":"Average Joe Finances","startTime":553.281,"endTime":557.211,"body":"blended retirement so you can get some"},{"speaker":"Average Joe Finances","startTime":553.281,"endTime":557.211,"body":"type of TSP matching, or were you still"},{"speaker":"Average Joe Finances","startTime":557.211,"endTime":558.801,"body":"stuck under the old plan like I was."},{"speaker":"Chris Giorgi","startTime":559.506,"endTime":561.336,"body":"Yeah, I"},{"speaker":"Chris Giorgi","startTime":559.506,"endTime":561.336,"body":"was stuck on the O plan."},{"speaker":"Average Joe Finances","startTime":561.546,"endTime":563.436,"body":"Okay, so"},{"speaker":"Average Joe Finances","startTime":561.546,"endTime":563.436,"body":"everything you were contributing"},{"speaker":"Average Joe Finances","startTime":563.436,"endTime":565.086,"body":"was straight up your money."},{"speaker":"Average Joe Finances","startTime":565.091,"endTime":568.296,"body":"There was no employer"},{"speaker":"Average Joe Finances","startTime":565.091,"endTime":568.296,"body":"contribution or anything."},{"speaker":"Chris Giorgi","startTime":568.986,"endTime":569.766,"body":"No matching."},{"speaker":"Chris Giorgi","startTime":569.946,"endTime":572.226,"body":"My company does that now, but"},{"speaker":"Chris Giorgi","startTime":569.946,"endTime":572.226,"body":"nothing like that in the army."},{"speaker":"Chris Giorgi","startTime":572.226,"endTime":573.996,"body":"And I hear about it now"},{"speaker":"Chris Giorgi","startTime":572.226,"endTime":573.996,"body":"and I'm like, oh my gosh."},{"speaker":"Average Joe Finances","startTime":574.746,"endTime":575.106,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":575.156,"endTime":575.456,"body":"On net."},{"speaker":"Average Joe Finances","startTime":575.456,"endTime":578.931,"body":"Did you roll your TSP over until a"},{"speaker":"Average Joe Finances","startTime":575.456,"endTime":578.931,"body":"401k with the company you're with now?"},{"speaker":"Chris Giorgi","startTime":579.711,"endTime":583.611,"body":"So I actually rolled it over"},{"speaker":"Chris Giorgi","startTime":579.711,"endTime":583.611,"body":"to self-directed IRA and with that money."},{"speaker":"Average Joe Finances","startTime":583.611,"endTime":584.121,"body":"Very smart."},{"speaker":"Chris Giorgi","startTime":584.171,"endTime":586.271,"body":"I'm invested in multiple."},{"speaker":"Chris Giorgi","startTime":587.441,"endTime":588.791,"body":"Syndications with that money."},{"speaker":"Average Joe Finances","startTime":589.331,"endTime":589.661,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":589.751,"endTime":591.581,"body":"Hey, let's talk about"},{"speaker":"Average Joe Finances","startTime":589.751,"endTime":591.581,"body":"that real quick then."},{"speaker":"Average Joe Finances","startTime":591.581,"endTime":592.871,"body":"So how did that work out?"},{"speaker":"Average Joe Finances","startTime":592.871,"endTime":595.721,"body":"So you rolled it over"},{"speaker":"Average Joe Finances","startTime":592.871,"endTime":595.721,"body":"into a self-directed 401k."},{"speaker":"Average Joe Finances","startTime":596.301,"endTime":601.156,"body":"Can you explain to our listeners"},{"speaker":"Average Joe Finances","startTime":596.301,"endTime":601.156,"body":"how a self-directed 401k, I'm"},{"speaker":"Average Joe Finances","startTime":601.156,"endTime":606.216,"body":"sorry self-directed IRA can be"},{"speaker":"Average Joe Finances","startTime":601.156,"endTime":606.216,"body":"used to invest in multifamily"},{"speaker":"Average Joe Finances","startTime":606.216,"endTime":607.296,"body":"real estate the way you did it."},{"speaker":"Chris Giorgi","startTime":608.271,"endTime":608.571,"body":"Sure."},{"speaker":"Chris Giorgi","startTime":608.631,"endTime":609.621,"body":"It was actually pretty easy."},{"speaker":"Chris Giorgi","startTime":609.621,"endTime":612.801,"body":"I listened to a bunch of podcasts"},{"speaker":"Chris Giorgi","startTime":609.621,"endTime":612.801,"body":"and when you listen to it once you're"},{"speaker":"Chris Giorgi","startTime":612.801,"endTime":615.981,"body":"like, okay, you hear the concept and"},{"speaker":"Chris Giorgi","startTime":612.801,"endTime":615.981,"body":"then you hear three or four people"},{"speaker":"Chris Giorgi","startTime":615.981,"endTime":618.651,"body":"talking about it, and then I'm like,"},{"speaker":"Chris Giorgi","startTime":615.981,"endTime":618.651,"body":"okay, maybe this is worth something."},{"speaker":"Chris Giorgi","startTime":618.651,"endTime":623.081,"body":"So I got on Google, just did some"},{"speaker":"Chris Giorgi","startTime":618.651,"endTime":623.081,"body":"research, found a few companies talked"},{"speaker":"Chris Giorgi","startTime":623.081,"endTime":627.781,"body":"to them, and I was like, it is really"},{"speaker":"Chris Giorgi","startTime":623.081,"endTime":627.781,"body":"as easy as finding a self-directed IRA"},{"speaker":"Chris Giorgi","startTime":627.811,"endTime":629.781,"body":"custodian who will take your money."},{"speaker":"Chris Giorgi","startTime":630.691,"endTime":633.296,"body":"You put them in contact with the"},{"speaker":"Chris Giorgi","startTime":630.691,"endTime":633.296,"body":"TSP, there's paperwork you gotta"},{"speaker":"Chris Giorgi","startTime":633.296,"endTime":637.046,"body":"fill out and then you literally"},{"speaker":"Chris Giorgi","startTime":633.296,"endTime":637.046,"body":"just fill the TSP paperwork."},{"speaker":"Chris Giorgi","startTime":637.136,"endTime":641.991,"body":"They will roll over all of that money"},{"speaker":"Chris Giorgi","startTime":637.136,"endTime":641.991,"body":"into a self-directed IRA account."},{"speaker":"Chris Giorgi","startTime":642.501,"endTime":645.461,"body":"Now it's still considered a IRA account."},{"speaker":"Chris Giorgi","startTime":645.461,"endTime":649.001,"body":"It's still retirement, but from"},{"speaker":"Chris Giorgi","startTime":645.461,"endTime":649.001,"body":"there you can use that money"},{"speaker":"Chris Giorgi","startTime":649.001,"endTime":651.581,"body":"to invest into real estate."},{"speaker":"Chris Giorgi","startTime":651.641,"endTime":656.711,"body":"You invest in many things, I think"},{"speaker":"Chris Giorgi","startTime":651.641,"endTime":656.711,"body":"anything but there's three or four"},{"speaker":"Chris Giorgi","startTime":656.711,"endTime":659.921,"body":"things that you can't invest in, but"},{"speaker":"Chris Giorgi","startTime":656.711,"endTime":659.921,"body":"if you're a real estate investor, you"},{"speaker":"Chris Giorgi","startTime":659.921,"endTime":661.781,"body":"can definitely invest in real estate."},{"speaker":"Chris Giorgi","startTime":661.871,"endTime":666.131,"body":"And so I took that and I split it"},{"speaker":"Chris Giorgi","startTime":661.871,"endTime":666.131,"body":"up into multiple syndication deals."},{"speaker":"Average Joe Finances","startTime":667.241,"endTime":668.531,"body":"Yeah"},{"speaker":"Average Joe Finances","startTime":667.241,"endTime":668.531,"body":"that's pretty awesome man."},{"speaker":"Average Joe Finances","startTime":668.531,"endTime":672.571,"body":"So a another way to, take some"},{"speaker":"Average Joe Finances","startTime":668.531,"endTime":672.571,"body":"money that you've been saving up"},{"speaker":"Average Joe Finances","startTime":672.571,"endTime":675.901,"body":"quite a bit of, cuz TSP, I mean"},{"speaker":"Average Joe Finances","startTime":672.571,"endTime":675.901,"body":"you, with how much you were putting"},{"speaker":"Average Joe Finances","startTime":675.906,"endTime":677.551,"body":"into it, that was definitely a lot."},{"speaker":"Average Joe Finances","startTime":677.951,"endTime":680.616,"body":"So you probably had a nice"},{"speaker":"Average Joe Finances","startTime":677.951,"endTime":680.616,"body":"chunk of change there to throw"},{"speaker":"Average Joe Finances","startTime":680.616,"endTime":682.401,"body":"into a couple deals as a LP."},{"speaker":"Chris Giorgi","startTime":683.181,"endTime":683.331,"body":"Right."},{"speaker":"Average Joe Finances","startTime":683.781,"endTime":684.741,"body":"Yeah that's awesome, man."},{"speaker":"Average Joe Finances","startTime":684.771,"endTime":690.561,"body":"Now, besides that, now you started"},{"speaker":"Average Joe Finances","startTime":684.771,"endTime":690.561,"body":"back up in 2018, you started purchasing"},{"speaker":"Average Joe Finances","startTime":690.561,"endTime":692.961,"body":"properties again yourself, right?"},{"speaker":"Average Joe Finances","startTime":693.426,"endTime":696.426,"body":"Yes, but at this point you"},{"speaker":"Average Joe Finances","startTime":693.426,"endTime":696.426,"body":"were in Germany, right?"},{"speaker":"Chris Giorgi","startTime":697.326,"endTime":698.016,"body":"I was in Germany still."},{"speaker":"Average Joe Finances","startTime":698.376,"endTime":701.266,"body":"Alright,"},{"speaker":"Average Joe Finances","startTime":698.376,"endTime":701.266,"body":"Chris, then this is what we need to"},{"speaker":"Average Joe Finances","startTime":701.266,"endTime":704.116,"body":"discuss now is how did that work out?"},{"speaker":"Average Joe Finances","startTime":704.116,"endTime":709.486,"body":"Because I could tell you I bought a duplex"},{"speaker":"Average Joe Finances","startTime":704.116,"endTime":709.486,"body":"back in Virginia when I was out here in"},{"speaker":"Average Joe Finances","startTime":709.491,"endTime":712.696,"body":"Hawaii, and it was such a painful process."},{"speaker":"Average Joe Finances","startTime":712.696,"endTime":715.756,"body":"I did everything sight unseen,"},{"speaker":"Average Joe Finances","startTime":712.696,"endTime":715.756,"body":"everything over video and pictures."},{"speaker":"Average Joe Finances","startTime":716.216,"endTime":718.766,"body":"Very difficult probably"},{"speaker":"Average Joe Finances","startTime":716.216,"endTime":718.766,"body":"because I didn't have the right"},{"speaker":"Average Joe Finances","startTime":718.766,"endTime":720.116,"body":"team in place when I did it."},{"speaker":"Average Joe Finances","startTime":720.116,"endTime":720.176,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":720.566,"endTime":723.656,"body":"So it was one of those hard"},{"speaker":"Average Joe Finances","startTime":720.566,"endTime":723.656,"body":"lessons learned for me as I"},{"speaker":"Average Joe Finances","startTime":723.656,"endTime":724.766,"body":"went through that process."},{"speaker":"Average Joe Finances","startTime":725.126,"endTime":730.436,"body":"But you went from four to 36"},{"speaker":"Average Joe Finances","startTime":725.126,"endTime":730.436,"body":"properties from 2018 to 2021."},{"speaker":"Average Joe Finances","startTime":730.826,"endTime":735.596,"body":"Obviously you were in Germany that whole"},{"speaker":"Average Joe Finances","startTime":730.826,"endTime":735.596,"body":"time, so to increase of 32 properties."},{"speaker":"Average Joe Finances","startTime":736.146,"endTime":739.616,"body":"What does that look like,"},{"speaker":"Average Joe Finances","startTime":736.146,"endTime":739.616,"body":"especially living overseas?"},{"speaker":"Chris Giorgi","startTime":741.026,"endTime":744.596,"body":"So I can tell you it's a lot"},{"speaker":"Chris Giorgi","startTime":741.026,"endTime":744.596,"body":"of late nights, a lot of early mornings."},{"speaker":"Chris Giorgi","startTime":745.106,"endTime":746.006,"body":"Number five."},{"speaker":"Chris Giorgi","startTime":746.126,"endTime":749.276,"body":"So I read David Green's Long"},{"speaker":"Chris Giorgi","startTime":746.126,"endTime":749.276,"body":"Distance Real Estate Investing."},{"speaker":"Chris Giorgi","startTime":749.796,"endTime":752.226,"body":"Read that book, read it I think twice."},{"speaker":"Chris Giorgi","startTime":752.736,"endTime":754.956,"body":"And then I just, I was like,"},{"speaker":"Chris Giorgi","startTime":752.736,"endTime":754.956,"body":"okay I'm buying something."},{"speaker":"Chris Giorgi","startTime":754.956,"endTime":757.206,"body":"And so everything was in"},{"speaker":"Chris Giorgi","startTime":754.956,"endTime":757.206,"body":"Fort Bragg, North Carolina."},{"speaker":"Chris Giorgi","startTime":757.206,"endTime":759.366,"body":"I spent two years there."},{"speaker":"Chris Giorgi","startTime":759.366,"endTime":761.346,"body":"I knew the market decently."},{"speaker":"Chris Giorgi","startTime":761.886,"endTime":766.116,"body":"Or at least I knew the area and the"},{"speaker":"Chris Giorgi","startTime":761.886,"endTime":766.116,"body":"property manager that I had who was still"},{"speaker":"Chris Giorgi","startTime":766.116,"endTime":770.226,"body":"managing my first condo, I called her up"},{"speaker":"Chris Giorgi","startTime":766.116,"endTime":770.226,"body":"and I'm like, this is what I want to do."},{"speaker":"Chris Giorgi","startTime":770.326,"endTime":771.466,"body":"She really didn't understand."},{"speaker":"Chris Giorgi","startTime":771.466,"endTime":772.906,"body":"She's you wanna buy something from there?"},{"speaker":"Chris Giorgi","startTime":772.906,"endTime":774.586,"body":"I'm like, yes, but I want"},{"speaker":"Chris Giorgi","startTime":772.906,"endTime":774.586,"body":"you to do everything for me."},{"speaker":"Chris Giorgi","startTime":775.276,"endTime":775.811,"body":"And she's okay."},{"speaker":"Chris Giorgi","startTime":776.451,"endTime":780.501,"body":"That was bottom line, that one that was"},{"speaker":"Chris Giorgi","startTime":776.451,"endTime":780.501,"body":"so painful, and she didn't understand that"},{"speaker":"Chris Giorgi","startTime":780.501,"endTime":782.001,"body":"I wanted to do it over and over again."},{"speaker":"Chris Giorgi","startTime":782.571,"endTime":785.871,"body":"And so it didn't work with her"},{"speaker":"Chris Giorgi","startTime":782.571,"endTime":785.871,"body":"after I bought the fifth one."},{"speaker":"Chris Giorgi","startTime":786.081,"endTime":789.121,"body":"So I did a quick Google"},{"speaker":"Chris Giorgi","startTime":786.081,"endTime":789.121,"body":"search, found another company."},{"speaker":"Chris Giorgi","startTime":789.121,"endTime":790.351,"body":"They had a really good website."},{"speaker":"Chris Giorgi","startTime":791.356,"endTime":793.246,"body":"And they looked professional,"},{"speaker":"Chris Giorgi","startTime":791.356,"endTime":793.246,"body":"got good reviews."},{"speaker":"Chris Giorgi","startTime":793.246,"endTime":794.206,"body":"I sent 'em an email."},{"speaker":"Chris Giorgi","startTime":794.776,"endTime":798.616,"body":"That lady called me that morning"},{"speaker":"Chris Giorgi","startTime":794.776,"endTime":798.616,"body":"and it was Saturday morning, I think"},{"speaker":"Chris Giorgi","startTime":798.616,"endTime":802.796,"body":"it was like seven o'clock her time,"},{"speaker":"Chris Giorgi","startTime":798.616,"endTime":802.796,"body":"and I'm still, she then I told her"},{"speaker":"Chris Giorgi","startTime":802.796,"endTime":803.786,"body":"what I wanted to do and she was."},{"speaker":"Chris Giorgi","startTime":804.126,"endTime":804.936,"body":"I'm an investor."},{"speaker":"Chris Giorgi","startTime":804.996,"endTime":805.926,"body":"I flip houses."},{"speaker":"Chris Giorgi","startTime":805.926,"endTime":808.566,"body":"I was born and raised in"},{"speaker":"Chris Giorgi","startTime":805.926,"endTime":808.566,"body":"the Fayetteville area."},{"speaker":"Chris Giorgi","startTime":810.276,"endTime":811.176,"body":"I can do this for you."},{"speaker":"Chris Giorgi","startTime":811.416,"endTime":812.616,"body":"And I was like, sweet."},{"speaker":"Chris Giorgi","startTime":813.246,"endTime":815.446,"body":"And We didn't even have"},{"speaker":"Chris Giorgi","startTime":813.246,"endTime":815.446,"body":"any the five stages of team"},{"speaker":"Chris Giorgi","startTime":815.446,"endTime":817.156,"body":"developments, the storming phase."},{"speaker":"Chris Giorgi","startTime":817.366,"endTime":818.806,"body":"We were just clicking."},{"speaker":"Chris Giorgi","startTime":819.466,"endTime":821.656,"body":"Actually she might have got mad"},{"speaker":"Chris Giorgi","startTime":819.466,"endTime":821.656,"body":"at me cause I kept on sending her"},{"speaker":"Chris Giorgi","startTime":821.656,"endTime":823.606,"body":"all of these, all these areas."},{"speaker":"Chris Giorgi","startTime":823.606,"endTime":826.541,"body":"And so she's Chris, if it has"},{"speaker":"Chris Giorgi","startTime":823.606,"endTime":826.541,"body":"this address or this zip code,"},{"speaker":"Chris Giorgi","startTime":826.541,"endTime":827.261,"body":"don't even send it to me."},{"speaker":"Chris Giorgi","startTime":827.321,"endTime":828.251,"body":"I'm just deleting it."},{"speaker":"Chris Giorgi","startTime":828.821,"endTime":833.291,"body":"But she was the number one reason"},{"speaker":"Chris Giorgi","startTime":828.821,"endTime":833.291,"body":"why I was able to scale so quickly."},{"speaker":"Chris Giorgi","startTime":833.321,"endTime":834.611,"body":"She even managed some of my."},{"speaker":"Chris Giorgi","startTime":835.746,"endTime":837.396,"body":"I didn't flip anything, but we did burrs."},{"speaker":"Chris Giorgi","startTime":837.396,"endTime":841.686,"body":"We did complete rehabs, and she was the"},{"speaker":"Chris Giorgi","startTime":837.396,"endTime":841.686,"body":"the manager of all those, all the subs."},{"speaker":"Chris Giorgi","startTime":842.196,"endTime":844.716,"body":"She took a little fee, but Okay."},{"speaker":"Chris Giorgi","startTime":844.836,"endTime":847.991,"body":"Without that, I wouldn't be"},{"speaker":"Chris Giorgi","startTime":844.836,"endTime":847.991,"body":"able to continue to invest."},{"speaker":"Average Joe Finances","startTime":848.661,"endTime":849.316,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":849.316,"endTime":851.806,"body":"Especially if she's taking"},{"speaker":"Average Joe Finances","startTime":849.316,"endTime":851.806,"body":"care of everything for you."},{"speaker":"Chris Giorgi","startTime":851.906,"endTime":852.086,"body":"Yeah."},{"speaker":"Chris Giorgi","startTime":852.596,"endTime":854.456,"body":"We had it down at it'd be WhatsApp video."},{"speaker":"Chris Giorgi","startTime":854.456,"endTime":855.346,"body":"She would do a walkthrough."},{"speaker":"Chris Giorgi","startTime":856.151,"endTime":859.051,"body":"She would, if I wasn't able to"},{"speaker":"Chris Giorgi","startTime":856.151,"endTime":859.051,"body":"attend right then, she would"},{"speaker":"Chris Giorgi","startTime":859.051,"endTime":860.551,"body":"video for me, send it to me later."},{"speaker":"Chris Giorgi","startTime":861.091,"endTime":864.316,"body":"And, it was just, I found"},{"speaker":"Chris Giorgi","startTime":861.091,"endTime":864.316,"body":"a good property manager."},{"speaker":"Chris Giorgi","startTime":864.316,"endTime":865.546,"body":"I found a good title company."},{"speaker":"Chris Giorgi","startTime":865.876,"endTime":869.686,"body":"I was able to use the law office"},{"speaker":"Chris Giorgi","startTime":865.876,"endTime":869.686,"body":"on post to get the notary done."},{"speaker":"Chris Giorgi","startTime":870.346,"endTime":875.331,"body":"Everything, after you do it once or"},{"speaker":"Chris Giorgi","startTime":870.346,"endTime":875.331,"body":"twice, it's just like an SOP battle drill."},{"speaker":"Average Joe Finances","startTime":876.771,"endTime":877.011,"body":"Nice."},{"speaker":"Average Joe Finances","startTime":877.011,"endTime":879.331,"body":"Actually did you come up"},{"speaker":"Average Joe Finances","startTime":877.011,"endTime":879.331,"body":"with something like that?"},{"speaker":"Average Joe Finances","startTime":879.331,"endTime":882.461,"body":"Like something in writing or"},{"speaker":"Average Joe Finances","startTime":879.331,"endTime":882.461,"body":"was it just known because of the"},{"speaker":"Average Joe Finances","startTime":882.461,"endTime":883.721,"body":"relationship that you guys had?"},{"speaker":"Chris Giorgi","startTime":885.101,"endTime":886.261,"body":"We had"},{"speaker":"Chris Giorgi","startTime":885.101,"endTime":886.261,"body":"some things in writing."},{"speaker":"Chris Giorgi","startTime":886.261,"endTime":891.886,"body":"Like we were using Google Drive, we"},{"speaker":"Chris Giorgi","startTime":886.261,"endTime":891.886,"body":"were sharing Excel sheets for I would"},{"speaker":"Chris Giorgi","startTime":891.886,"endTime":893.136,"body":"do as much of the research I could."},{"speaker":"Chris Giorgi","startTime":893.141,"endTime":893.771,"body":"I knew she was busy."},{"speaker":"Chris Giorgi","startTime":893.771,"endTime":898.211,"body":"She had plenty of other clients,"},{"speaker":"Chris Giorgi","startTime":893.771,"endTime":898.211,"body":"so I'd put Zillow links in there."},{"speaker":"Chris Giorgi","startTime":898.211,"endTime":899.501,"body":"I'm like, Hey, go here."},{"speaker":"Chris Giorgi","startTime":899.551,"endTime":900.001,"body":"Look at this."},{"speaker":"Chris Giorgi","startTime":900.001,"endTime":900.661,"body":"Tell me what you think."},{"speaker":"Chris Giorgi","startTime":901.111,"endTime":906.456,"body":"But After a while, she would school me"},{"speaker":"Chris Giorgi","startTime":901.111,"endTime":906.456,"body":"on my analysis or lack of it to help"},{"speaker":"Chris Giorgi","startTime":906.456,"endTime":909.126,"body":"her out, which I definitely appreciated."},{"speaker":"Chris Giorgi","startTime":909.516,"endTime":914.196,"body":"So yeah so we used a lot of Google"},{"speaker":"Chris Giorgi","startTime":909.516,"endTime":914.196,"body":"Drive and then usually WhatsApp"},{"speaker":"Chris Giorgi","startTime":914.196,"endTime":915.426,"body":"to communicate on the videos."},{"speaker":"Average Joe Finances","startTime":916.626,"endTime":917.046,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":917.046,"endTime":917.316,"body":"On now."},{"speaker":"Average Joe Finances","startTime":918.471,"endTime":923.811,"body":"When you were searching for deals"},{"speaker":"Average Joe Finances","startTime":918.471,"endTime":923.811,"body":"yourself in Germany, you mentioned"},{"speaker":"Average Joe Finances","startTime":923.811,"endTime":925.011,"body":"sending over Zillow links."},{"speaker":"Average Joe Finances","startTime":925.011,"endTime":929.371,"body":"Was there anything else that you used"},{"speaker":"Average Joe Finances","startTime":925.011,"endTime":929.371,"body":"to try to find the right kind of deal?"},{"speaker":"Chris Giorgi","startTime":931.741,"endTime":932.011,"body":"Let's see."},{"speaker":"Chris Giorgi","startTime":932.011,"endTime":934.351,"body":"I'm Trulia."},{"speaker":"Chris Giorgi","startTime":934.351,"endTime":935.521,"body":"They used to have the crime map."},{"speaker":"Chris Giorgi","startTime":936.361,"endTime":937.501,"body":"They no longer use it."},{"speaker":"Chris Giorgi","startTime":937.501,"endTime":940.471,"body":"So I would, I tried"},{"speaker":"Chris Giorgi","startTime":937.501,"endTime":940.471,"body":"doing everything I could."},{"speaker":"Chris Giorgi","startTime":941.191,"endTime":944.671,"body":"To make sure make her job easier,"},{"speaker":"Chris Giorgi","startTime":941.191,"endTime":944.671,"body":"because I, what, the one thing I didn't"},{"speaker":"Chris Giorgi","startTime":944.671,"endTime":947.011,"body":"wanna do, I didn't wanna piss her"},{"speaker":"Chris Giorgi","startTime":944.671,"endTime":947.011,"body":"off, I didn't wanna waste her time."},{"speaker":"Chris Giorgi","startTime":947.261,"endTime":950.931,"body":"Because she, I don't think I was gonna"},{"speaker":"Chris Giorgi","startTime":947.261,"endTime":950.931,"body":"be able to find somebody else that would"},{"speaker":"Chris Giorgi","startTime":951.741,"endTime":953.596,"body":"do as much as she was doing for me."},{"speaker":"Chris Giorgi","startTime":954.276,"endTime":958.416,"body":"There was a couple apps I was"},{"speaker":"Chris Giorgi","startTime":954.276,"endTime":958.416,"body":"using I forget the name of one of"},{"speaker":"Chris Giorgi","startTime":958.416,"endTime":959.256,"body":"'em, I'll have to get it later."},{"speaker":"Chris Giorgi","startTime":959.256,"endTime":963.356,"body":"But, you just pull the address"},{"speaker":"Chris Giorgi","startTime":959.256,"endTime":963.356,"body":"in, it pulls it from, is it Zillow"},{"speaker":"Chris Giorgi","startTime":963.716,"endTime":965.096,"body":"and it populates everything."},{"speaker":"Chris Giorgi","startTime":965.126,"endTime":965.606,"body":"And within."},{"speaker":"Chris Giorgi","startTime":966.416,"endTime":969.946,"body":"Within a minute you can tell what the ROI"},{"speaker":"Chris Giorgi","startTime":966.416,"endTime":969.946,"body":"is gonna be, what the cash flow is gonna"},{"speaker":"Chris Giorgi","startTime":969.946,"endTime":971.746,"body":"be you tell, it calculates all that stuff."},{"speaker":"Chris Giorgi","startTime":972.316,"endTime":975.796,"body":"And so I got pretty good"},{"speaker":"Chris Giorgi","startTime":972.316,"endTime":975.796,"body":"at doing my own analysis."},{"speaker":"Chris Giorgi","startTime":975.796,"endTime":978.816,"body":"And so when I give it to her, it"},{"speaker":"Chris Giorgi","startTime":975.796,"endTime":978.816,"body":"wasn't gonna be one that she was"},{"speaker":"Chris Giorgi","startTime":978.816,"endTime":980.046,"body":"just gonna say no right away."},{"speaker":"Average Joe Finances","startTime":980.376,"endTime":980.586,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":980.586,"endTime":983.851,"body":"So you have already vetted it"},{"speaker":"Average Joe Finances","startTime":980.586,"endTime":983.851,"body":"and made sure that, you know it"},{"speaker":"Average Joe Finances","startTime":983.851,"endTime":985.531,"body":"passed your initial sniff test."},{"speaker":"Average Joe Finances","startTime":985.861,"endTime":987.601,"body":"Now it's gotta pass her sniff test."},{"speaker":"Average Joe Finances","startTime":988.081,"endTime":993.931,"body":"Did you, so after you figured out like"},{"speaker":"Average Joe Finances","startTime":988.081,"endTime":993.931,"body":"your method of screening a property."},{"speaker":"Average Joe Finances","startTime":994.601,"endTime":996.881,"body":"Cause obviously, before that"},{"speaker":"Average Joe Finances","startTime":994.601,"endTime":996.881,"body":"she was telling you to kick"},{"speaker":"Average Joe Finances","startTime":996.881,"endTime":998.171,"body":"rocks on a bunch of them, right?"},{"speaker":"Average Joe Finances","startTime":998.681,"endTime":998.861,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":998.891,"endTime":1003.121,"body":"So Chris, how, after you figured"},{"speaker":"Average Joe Finances","startTime":998.891,"endTime":1003.121,"body":"out how to do it, I guess"},{"speaker":"Average Joe Finances","startTime":1003.121,"endTime":1004.831,"body":"more to her liking, right?"},{"speaker":"Average Joe Finances","startTime":1004.886,"endTime":1006.836,"body":"How many were kicked back after that?"},{"speaker":"Average Joe Finances","startTime":1006.841,"endTime":1009.236,"body":"Or did you have a much"},{"speaker":"Average Joe Finances","startTime":1006.841,"endTime":1009.236,"body":"higher acceptance ratio?"},{"speaker":"Chris Giorgi","startTime":1010.236,"endTime":1012.776,"body":"I had a much higher"},{"speaker":"Chris Giorgi","startTime":1010.236,"endTime":1012.776,"body":"acceptance ratio, and then it got"},{"speaker":"Chris Giorgi","startTime":1012.776,"endTime":1015.896,"body":"to the point where she knew I was a"},{"speaker":"Chris Giorgi","startTime":1012.776,"endTime":1015.896,"body":"serious buyer and I would tell her,"},{"speaker":"Chris Giorgi","startTime":1016.406,"endTime":1018.316,"body":"Hey, at this point, I got enough for."},{"speaker":"Chris Giorgi","startTime":1019.036,"endTime":1020.386,"body":"Five more properties"},{"speaker":"Chris Giorgi","startTime":1019.036,"endTime":1020.386,"body":"or something like that."},{"speaker":"Chris Giorgi","startTime":1020.386,"endTime":1023.206,"body":"Or also I can buy like maybe five"},{"speaker":"Chris Giorgi","startTime":1020.386,"endTime":1023.206,"body":"more loans, or also I can buy a"},{"speaker":"Chris Giorgi","startTime":1023.206,"endTime":1027.156,"body":"few with cash and then I'll get"},{"speaker":"Chris Giorgi","startTime":1023.206,"endTime":1027.156,"body":"a, do a cash out refi later on."},{"speaker":"Chris Giorgi","startTime":1027.816,"endTime":1032.446,"body":"And then she just knew a lot of"},{"speaker":"Chris Giorgi","startTime":1027.816,"endTime":1032.446,"body":"people, like she knew wholesalers,"},{"speaker":"Chris Giorgi","startTime":1032.536,"endTime":1036.886,"body":"she knew people, she was connected"},{"speaker":"Chris Giorgi","startTime":1032.536,"endTime":1036.886,"body":"and the real estate market, obviously."},{"speaker":"Chris Giorgi","startTime":1036.886,"endTime":1041.836,"body":"And so people, I don't know, I think"},{"speaker":"Chris Giorgi","startTime":1036.886,"endTime":1041.836,"body":"they call 'em pocket listings or listings"},{"speaker":"Chris Giorgi","startTime":1041.836,"endTime":1044.086,"body":"that weren't official on the MLS yet?"},{"speaker":"Chris Giorgi","startTime":1044.296,"endTime":1045.676,"body":"Yeah, she give them to me."},{"speaker":"Chris Giorgi","startTime":1045.976,"endTime":1049.786,"body":"And she offered them to me"},{"speaker":"Chris Giorgi","startTime":1045.976,"endTime":1049.786,"body":"first, according to her, over"},{"speaker":"Chris Giorgi","startTime":1049.786,"endTime":1050.986,"body":"any of her other clients."},{"speaker":"Chris Giorgi","startTime":1050.986,"endTime":1053.776,"body":"And so I got like the right of"},{"speaker":"Chris Giorgi","startTime":1050.986,"endTime":1053.776,"body":"first refusal and some of them"},{"speaker":"Chris Giorgi","startTime":1053.776,"endTime":1055.156,"body":"were just too big to take down."},{"speaker":"Chris Giorgi","startTime":1055.156,"endTime":1056.896,"body":"Some of them weren't"},{"speaker":"Chris Giorgi","startTime":1055.156,"endTime":1056.896,"body":"the right deal for me."},{"speaker":"Chris Giorgi","startTime":1056.926,"endTime":1058.996,"body":"Many of them I actually ended up buying."},{"speaker":"Chris Giorgi","startTime":1059.716,"endTime":1061.716,"body":"And so it was good."},{"speaker":"Average Joe Finances","startTime":1061.716,"endTime":1061.996,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1062.056,"endTime":1067.251,"body":"So 32 properties in a three year period,"},{"speaker":"Average Joe Finances","startTime":1062.056,"endTime":1067.251,"body":"she must have been taking you seriously."},{"speaker":"Average Joe Finances","startTime":1067.761,"endTime":1071.001,"body":"From the first one that you bought,"},{"speaker":"Average Joe Finances","startTime":1067.761,"endTime":1071.001,"body":"which is your fifth property to"},{"speaker":"Average Joe Finances","startTime":1071.001,"endTime":1074.091,"body":"the final one that you bought,"},{"speaker":"Average Joe Finances","startTime":1071.001,"endTime":1074.091,"body":"which was your 36th property."},{"speaker":"Average Joe Finances","startTime":1074.931,"endTime":1078.981,"body":"How many, like, how, what was that"},{"speaker":"Average Joe Finances","startTime":1074.931,"endTime":1078.981,"body":"transition like between 2018 and 2021?"},{"speaker":"Average Joe Finances","startTime":1078.981,"endTime":1083.841,"body":"Because obviously in between"},{"speaker":"Average Joe Finances","startTime":1078.981,"endTime":1083.841,"body":"that we had a pandemic, right."},{"speaker":"Average Joe Finances","startTime":1084.231,"endTime":1086.451,"body":"And things were different."},{"speaker":"Average Joe Finances","startTime":1086.721,"endTime":1090.771,"body":"Probably where you lived in Germany versus"},{"speaker":"Average Joe Finances","startTime":1086.721,"endTime":1090.771,"body":"what was going on back here in the States."},{"speaker":"Average Joe Finances","startTime":1090.821,"endTime":1094.481,"body":"How did that affect you in that"},{"speaker":"Average Joe Finances","startTime":1090.821,"endTime":1094.481,"body":"time period when, when we moved"},{"speaker":"Average Joe Finances","startTime":1094.481,"endTime":1099.731,"body":"from 2019 to 2020 and there was so"},{"speaker":"Average Joe Finances","startTime":1094.481,"endTime":1099.731,"body":"much of this unknown, like a lot of"},{"speaker":"Average Joe Finances","startTime":1099.731,"endTime":1101.261,"body":"people stopped buying real estate."},{"speaker":"Average Joe Finances","startTime":1101.741,"endTime":1103.091,"body":"Obviously you kept going, right?"},{"speaker":"Average Joe Finances","startTime":1103.091,"endTime":1105.431,"body":"You kept going until 2021, so."},{"speaker":"Chris Giorgi","startTime":1105.521,"endTime":1105.581,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1105.911,"endTime":1109.211,"body":"What did"},{"speaker":"Average Joe Finances","startTime":1105.911,"endTime":1109.211,"body":"that time period look like for you?"},{"speaker":"Chris Giorgi","startTime":1110.921,"endTime":1114.001,"body":"So in Germany, they"},{"speaker":"Chris Giorgi","startTime":1110.921,"endTime":1114.001,"body":"took Covid very seriously, right?"},{"speaker":"Chris Giorgi","startTime":1114.001,"endTime":1117.601,"body":"I remember looking at the"},{"speaker":"Chris Giorgi","startTime":1114.001,"endTime":1117.601,"body":"screen, seeing the hot flashes."},{"speaker":"Chris Giorgi","startTime":1117.601,"endTime":1119.311,"body":"It started in northern Italy."},{"speaker":"Chris Giorgi","startTime":1119.971,"endTime":1121.861,"body":"And you're like, okay, it's"},{"speaker":"Chris Giorgi","startTime":1119.971,"endTime":1121.861,"body":"from China and now in Italy."},{"speaker":"Chris Giorgi","startTime":1121.861,"endTime":1123.321,"body":"And everyone's okay,"},{"speaker":"Chris Giorgi","startTime":1121.861,"endTime":1123.321,"body":"it's Italy's not here."},{"speaker":"Chris Giorgi","startTime":1123.351,"endTime":1125.721,"body":"Then all of a sudden you"},{"speaker":"Chris Giorgi","startTime":1123.351,"endTime":1125.721,"body":"hear a report somewhere else."},{"speaker":"Chris Giorgi","startTime":1126.231,"endTime":1129.146,"body":"And then Germany went full."},{"speaker":"Chris Giorgi","startTime":1130.556,"endTime":1132.436,"body":"I won't say it, they went"},{"speaker":"Chris Giorgi","startTime":1130.556,"endTime":1132.436,"body":"full lockdown, right?"},{"speaker":"Average Joe Finances","startTime":1132.436,"endTime":1132.526,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1132.586,"endTime":1133.066,"body":"Shut down."},{"speaker":"Chris Giorgi","startTime":1133.066,"endTime":1137.476,"body":"And so I actually, because"},{"speaker":"Chris Giorgi","startTime":1133.066,"endTime":1137.476,"body":"I worked for a defense contractor"},{"speaker":"Chris Giorgi","startTime":1137.476,"endTime":1139.336,"body":"company, I really couldn't work at home."},{"speaker":"Chris Giorgi","startTime":1139.726,"endTime":1142.096,"body":"I had to show up on, on post,"},{"speaker":"Chris Giorgi","startTime":1139.726,"endTime":1142.096,"body":"cause that's what the contract"},{"speaker":"Chris Giorgi","startTime":1142.101,"endTime":1143.896,"body":"called for the whole army was gone."},{"speaker":"Chris Giorgi","startTime":1144.406,"endTime":1148.996,"body":"But Fayetteville, North Carolina didn't"},{"speaker":"Chris Giorgi","startTime":1144.406,"endTime":1148.996,"body":"really do too much covid, lockdowns,"},{"speaker":"Chris Giorgi","startTime":1149.026,"endTime":1151.041,"body":"it was very open from what I remember."},{"speaker":"Chris Giorgi","startTime":1151.521,"endTime":1152.721,"body":"And properties were still cheap."},{"speaker":"Chris Giorgi","startTime":1152.961,"endTime":1158.036,"body":"So in that time period, you can find"},{"speaker":"Chris Giorgi","startTime":1152.961,"endTime":1158.036,"body":"$40,000, single family, three bedroom,"},{"speaker":"Chris Giorgi","startTime":1158.036,"endTime":1162.386,"body":"two baths that needed maybe 20 or"},{"speaker":"Chris Giorgi","startTime":1158.036,"endTime":1162.386,"body":"30,000 work there was tons of them."},{"speaker":"Chris Giorgi","startTime":1162.596,"endTime":1165.331,"body":"And that's what I was, that's what"},{"speaker":"Chris Giorgi","startTime":1162.596,"endTime":1165.331,"body":"I was buying those in duplexes."},{"speaker":"Chris Giorgi","startTime":1165.961,"endTime":1166.321,"body":"Covid."},{"speaker":"Chris Giorgi","startTime":1166.321,"endTime":1168.601,"body":"I was lucky I didn't have anybody."},{"speaker":"Chris Giorgi","startTime":1169.081,"endTime":1171.331,"body":"I'm not even sure if I had"},{"speaker":"Chris Giorgi","startTime":1169.081,"endTime":1171.331,"body":"anybody not pay the rent."},{"speaker":"Chris Giorgi","startTime":1171.931,"endTime":1175.391,"body":"She was pretty ruthless when it"},{"speaker":"Chris Giorgi","startTime":1171.931,"endTime":1175.391,"body":"came to, she knew all the laws."},{"speaker":"Chris Giorgi","startTime":1175.961,"endTime":1178.901,"body":"There was a time when you couldn't"},{"speaker":"Chris Giorgi","startTime":1175.961,"endTime":1178.901,"body":"kick anybody out, and that was"},{"speaker":"Chris Giorgi","startTime":1178.901,"endTime":1180.041,"body":"well over a year and a half."},{"speaker":"Chris Giorgi","startTime":1180.821,"endTime":1182.191,"body":"There might have been"},{"speaker":"Chris Giorgi","startTime":1180.821,"endTime":1182.191,"body":"actually I stand corrected."},{"speaker":"Chris Giorgi","startTime":1182.191,"endTime":1186.001,"body":"I think there were a few tenants who"},{"speaker":"Chris Giorgi","startTime":1182.191,"endTime":1186.001,"body":"didn't pay and then we ended up just"},{"speaker":"Chris Giorgi","startTime":1186.061,"endTime":1189.841,"body":"getting rid of them and replaced them"},{"speaker":"Chris Giorgi","startTime":1186.061,"endTime":1189.841,"body":"once North Carolina rescinded that."},{"speaker":"Chris Giorgi","startTime":1190.981,"endTime":1193.651,"body":"Whatever law it was that you can't"},{"speaker":"Chris Giorgi","startTime":1190.981,"endTime":1193.651,"body":"kick out somebody during covid."},{"speaker":"Chris Giorgi","startTime":1194.381,"endTime":1198.251,"body":"But it wasn't as bad as it could have been"},{"speaker":"Chris Giorgi","startTime":1194.381,"endTime":1198.251,"body":"for the amount of properties that I had."},{"speaker":"Chris Giorgi","startTime":1199.001,"endTime":1202.661,"body":"And at the time, I didn't really"},{"speaker":"Chris Giorgi","startTime":1199.001,"endTime":1202.661,"body":"have too many reserves because I"},{"speaker":"Chris Giorgi","startTime":1202.661,"endTime":1204.801,"body":"was, if you think about it, you're"},{"speaker":"Chris Giorgi","startTime":1202.661,"endTime":1204.801,"body":"buying all these properties."},{"speaker":"Chris Giorgi","startTime":1205.041,"endTime":1206.841,"body":"I'm not buying these brand new, right?"},{"speaker":"Chris Giorgi","startTime":1206.846,"endTime":1212.311,"body":"All of 'em need between 10 and"},{"speaker":"Chris Giorgi","startTime":1206.846,"endTime":1212.311,"body":"20, 30,000 worth of work and."},{"speaker":"Chris Giorgi","startTime":1213.981,"endTime":1218.151,"body":"I wasn't sitting on a boatload of"},{"speaker":"Chris Giorgi","startTime":1213.981,"endTime":1218.151,"body":"cash to put all the stuff in, so I"},{"speaker":"Chris Giorgi","startTime":1218.151,"endTime":1223.071,"body":"was using all the rents, recycling"},{"speaker":"Chris Giorgi","startTime":1218.151,"endTime":1223.071,"body":"it right back into the properties"},{"speaker":"Chris Giorgi","startTime":1223.551,"endTime":1228.401,"body":"and using my W2 income, my wife's W2"},{"speaker":"Chris Giorgi","startTime":1223.551,"endTime":1228.401,"body":"income, just to stabilize everything."},{"speaker":"Chris Giorgi","startTime":1229.001,"endTime":1229.961,"body":"We grew a lot faster."},{"speaker":"Chris Giorgi","startTime":1229.961,"endTime":1236.561,"body":"Like my goal was 20 properties"},{"speaker":"Chris Giorgi","startTime":1229.961,"endTime":1236.561,"body":"by 2022, and I hit that I think"},{"speaker":"Chris Giorgi","startTime":1236.561,"endTime":1239.861,"body":"in 2019, and so I was like, holy"},{"speaker":"Chris Giorgi","startTime":1236.561,"endTime":1239.861,"body":"the cow, and then it went to 36."},{"speaker":"Chris Giorgi","startTime":1240.461,"endTime":1244.601,"body":"So it wasn't exactly the plan, but some"},{"speaker":"Chris Giorgi","startTime":1240.461,"endTime":1244.601,"body":"of the deals were just too good and."},{"speaker":"Average Joe Finances","startTime":1244.991,"endTime":1246.371,"body":"Yeah,"},{"speaker":"Average Joe Finances","startTime":1244.991,"endTime":1246.371,"body":"just too good to pass up."},{"speaker":"Average Joe Finances","startTime":1246.701,"endTime":1246.971,"body":"Nice."},{"speaker":"Average Joe Finances","startTime":1247.061,"endTime":1247.151,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1247.301,"endTime":1251.051,"body":"And on top of that, you're doing"},{"speaker":"Average Joe Finances","startTime":1247.301,"endTime":1251.051,"body":"all of this completely sight unseen."},{"speaker":"Average Joe Finances","startTime":1251.056,"endTime":1253.906,"body":"So what was this what was it like?"},{"speaker":"Average Joe Finances","startTime":1253.906,"endTime":1257.661,"body":"So I know you did some video"},{"speaker":"Average Joe Finances","startTime":1253.906,"endTime":1257.661,"body":"calls and stuff over WhatsApp."},{"speaker":"Average Joe Finances","startTime":1257.666,"endTime":1258.29,"body":"I did the same thing."},{"speaker":"Average Joe Finances","startTime":1258.29,"endTime":1261.5,"body":"I did stuff over video and"},{"speaker":"Average Joe Finances","startTime":1258.29,"endTime":1261.5,"body":"text and pictures and all that."},{"speaker":"Average Joe Finances","startTime":1262.13,"endTime":1267.68,"body":"But to, and I did it for one property and"},{"speaker":"Average Joe Finances","startTime":1262.13,"endTime":1267.68,"body":"it like, made me want to lose my mind."},{"speaker":"Average Joe Finances","startTime":1267.98,"endTime":1269.39,"body":"You did it for 32."},{"speaker":"Average Joe Finances","startTime":1269.39,"endTime":1274.78,"body":"So I, what's the secret sauce here,"},{"speaker":"Average Joe Finances","startTime":1269.39,"endTime":1274.78,"body":"Chris, that, that made this work for you?"},{"speaker":"Average Joe Finances","startTime":1274.785,"endTime":1278.6,"body":"So if any, there's anybody else,"},{"speaker":"Average Joe Finances","startTime":1274.785,"endTime":1278.6,"body":"any Americans living overseas"},{"speaker":"Average Joe Finances","startTime":1278.6,"endTime":1283.22,"body":"that still want to invest back"},{"speaker":"Average Joe Finances","startTime":1278.6,"endTime":1283.22,"body":"in the States, how do they do?"},{"speaker":"Average Joe Finances","startTime":1284.045,"endTime":1288.495,"body":"How do they do it the way that you did"},{"speaker":"Average Joe Finances","startTime":1284.045,"endTime":1288.495,"body":"it, where it worked out successfully?"},{"speaker":"Average Joe Finances","startTime":1288.865,"endTime":1291.55,"body":"Obviously I know that there was"},{"speaker":"Average Joe Finances","startTime":1288.865,"endTime":1291.55,"body":"times where you were probably ripping"},{"speaker":"Average Joe Finances","startTime":1291.55,"endTime":1292.9,"body":"your hair out and stressed out."},{"speaker":"Average Joe Finances","startTime":1293.24,"endTime":1296.4,"body":"But that's gonna happen even"},{"speaker":"Average Joe Finances","startTime":1293.24,"endTime":1296.4,"body":"if you hear on site, right?"},{"speaker":"Average Joe Finances","startTime":1296.4,"endTime":1298.35,"body":"No matter what stuff"},{"speaker":"Average Joe Finances","startTime":1296.4,"endTime":1298.35,"body":"like that's gonna happen."},{"speaker":"Average Joe Finances","startTime":1298.71,"endTime":1301.62,"body":"But man, sight unseen for 32."},{"speaker":"Average Joe Finances","startTime":1302.35,"endTime":1305.15,"body":"I need to know how did you make this work?"},{"speaker":"Chris Giorgi","startTime":1306.38,"endTime":1310.01,"body":"So I think one of the"},{"speaker":"Chris Giorgi","startTime":1306.38,"endTime":1310.01,"body":"most important things for me was that"},{"speaker":"Chris Giorgi","startTime":1310.01,"endTime":1312.29,"body":"my property manager was also my realtor."},{"speaker":"Chris Giorgi","startTime":1312.84,"endTime":1315.72,"body":"When you try to split those two"},{"speaker":"Chris Giorgi","startTime":1312.84,"endTime":1315.72,"body":"up, they each have different"},{"speaker":"Chris Giorgi","startTime":1316.44,"endTime":1317.97,"body":"different motivations, right?"},{"speaker":"Chris Giorgi","startTime":1317.975,"endTime":1320.75,"body":"So your property, your realtor,"},{"speaker":"Chris Giorgi","startTime":1317.975,"endTime":1320.75,"body":"she's just trying to, she or he is"},{"speaker":"Chris Giorgi","startTime":1320.75,"endTime":1321.92,"body":"just trying to sell you something."},{"speaker":"Chris Giorgi","startTime":1321.92,"endTime":1324.89,"body":"So they get that commission and then"},{"speaker":"Chris Giorgi","startTime":1321.92,"endTime":1324.89,"body":"they can move on to the next person."},{"speaker":"Chris Giorgi","startTime":1325.55,"endTime":1330.59,"body":"Your property manager is just trying to"},{"speaker":"Chris Giorgi","startTime":1325.55,"endTime":1330.59,"body":"manage whatever you give them, right?"},{"speaker":"Chris Giorgi","startTime":1330.59,"endTime":1332.06,"body":"When it's the same person like."},{"speaker":"Chris Giorgi","startTime":1333.345,"endTime":1335.145,"body":"There's times when she wore multiple hats."},{"speaker":"Chris Giorgi","startTime":1335.205,"endTime":1336.915,"body":"She's okay, Chris, I'm talking"},{"speaker":"Chris Giorgi","startTime":1335.205,"endTime":1336.915,"body":"to you as your realtor."},{"speaker":"Chris Giorgi","startTime":1337.125,"endTime":1337.785,"body":"As your broker."},{"speaker":"Chris Giorgi","startTime":1338.445,"endTime":1340.995,"body":"Yes, I can tell you this,"},{"speaker":"Chris Giorgi","startTime":1338.445,"endTime":1340.995,"body":"but as your product manager,"},{"speaker":"Chris Giorgi","startTime":1340.995,"endTime":1342.105,"body":"I'm not managing it for you."},{"speaker":"Chris Giorgi","startTime":1342.915,"endTime":1344.84,"body":"And I was like, okay,"},{"speaker":"Chris Giorgi","startTime":1342.915,"endTime":1344.84,"body":"then we're not doing it."},{"speaker":"Chris Giorgi","startTime":1344.93,"endTime":1345.86,"body":"Let's go to the next one."},{"speaker":"Chris Giorgi","startTime":1346.4,"endTime":1349.21,"body":"Where if you had two different people,"},{"speaker":"Chris Giorgi","startTime":1346.4,"endTime":1349.21,"body":"I would've been in a world of her."},{"speaker":"Chris Giorgi","startTime":1349.25,"endTime":1352.1,"body":"I probably would've stopped because"},{"speaker":"Chris Giorgi","startTime":1349.25,"endTime":1352.1,"body":"I would've bought a couple that,"},{"speaker":"Chris Giorgi","startTime":1353.34,"endTime":1356.64,"body":"they briefed well, they were good"},{"speaker":"Chris Giorgi","startTime":1353.34,"endTime":1356.64,"body":"on paper, but there were in areas"},{"speaker":"Chris Giorgi","startTime":1356.82,"endTime":1358.29,"body":"that my property manager had."},{"speaker":"Chris Giorgi","startTime":1358.29,"endTime":1359.19,"body":"I not told her about it."},{"speaker":"Chris Giorgi","startTime":1359.34,"endTime":1362.37,"body":"If she was somebody different, she"},{"speaker":"Chris Giorgi","startTime":1359.34,"endTime":1362.37,"body":"just wouldn't have managed it and"},{"speaker":"Chris Giorgi","startTime":1362.37,"endTime":1363.39,"body":"it would've not have been good."},{"speaker":"Chris Giorgi","startTime":1363.87,"endTime":1365.31,"body":"So I think that's number one."},{"speaker":"Chris Giorgi","startTime":1365.56,"endTime":1369.29,"body":"Number two is, not every property,"},{"speaker":"Chris Giorgi","startTime":1365.56,"endTime":1369.29,"body":"but almost every property."},{"speaker":"Chris Giorgi","startTime":1369.29,"endTime":1373.39,"body":"I got a home inspection and I know some"},{"speaker":"Chris Giorgi","startTime":1369.29,"endTime":1373.39,"body":"people will skip 'em, not that expensive."},{"speaker":"Chris Giorgi","startTime":1374.02,"endTime":1377.59,"body":"Three to 600 bucks and a few"},{"speaker":"Chris Giorgi","startTime":1374.02,"endTime":1377.59,"body":"deals I actually walked away on."},{"speaker":"Chris Giorgi","startTime":1377.77,"endTime":1379.81,"body":"I would go through it"},{"speaker":"Chris Giorgi","startTime":1377.77,"endTime":1379.81,"body":"with my property manager."},{"speaker":"Chris Giorgi","startTime":1380.365,"endTime":1383.175,"body":"I put all my notes on there and I'm"},{"speaker":"Chris Giorgi","startTime":1380.365,"endTime":1383.175,"body":"like, what do you think about this?"},{"speaker":"Chris Giorgi","startTime":1383.175,"endTime":1385.885,"body":"And, sometimes it was"},{"speaker":"Chris Giorgi","startTime":1383.175,"endTime":1385.885,"body":"like a group decision."},{"speaker":"Chris Giorgi","startTime":1385.885,"endTime":1388.875,"body":"It's ultimately my decision, but,"},{"speaker":"Chris Giorgi","startTime":1385.885,"endTime":1388.875,"body":"she would gimme her point of view"},{"speaker":"Chris Giorgi","startTime":1389.355,"endTime":1390.725,"body":"and then just okay it's up to you."},{"speaker":"Chris Giorgi","startTime":1390.725,"endTime":1392.585,"body":"If you want this, we can do it."},{"speaker":"Chris Giorgi","startTime":1392.645,"endTime":1393.635,"body":"I'll manage it for you."},{"speaker":"Chris Giorgi","startTime":1394.895,"endTime":1396.215,"body":"But there's other deals out there."},{"speaker":"Chris Giorgi","startTime":1396.425,"endTime":1400.235,"body":"And so I really trusted her, and"},{"speaker":"Chris Giorgi","startTime":1396.425,"endTime":1400.235,"body":"I didn't try to think that I knew"},{"speaker":"Chris Giorgi","startTime":1400.235,"endTime":1404.23,"body":"better than she did, especially since"},{"speaker":"Chris Giorgi","startTime":1400.235,"endTime":1404.23,"body":"I had no plans on going back there."},{"speaker":"Chris Giorgi","startTime":1404.47,"endTime":1404.95,"body":"It's not."},{"speaker":"Chris Giorgi","startTime":1405.665,"endTime":1408.11,"body":"Not like a quick airplane"},{"speaker":"Chris Giorgi","startTime":1405.665,"endTime":1408.11,"body":"ride to get back there."},{"speaker":"Average Joe Finances","startTime":1408.29,"endTime":1408.47,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1408.95,"endTime":1409.88,"body":"No, definitely not."},{"speaker":"Average Joe Finances","startTime":1409.88,"endTime":1413.18,"body":"That's, it's yeah, that's like a whole"},{"speaker":"Average Joe Finances","startTime":1409.88,"endTime":1413.18,"body":"day's trip for something like that."},{"speaker":"Average Joe Finances","startTime":1413.18,"endTime":1414.655,"body":"But, I like how."},{"speaker":"Average Joe Finances","startTime":1414.715,"endTime":1418.655,"body":"You pointed out to get the home"},{"speaker":"Average Joe Finances","startTime":1414.715,"endTime":1418.655,"body":"inspections done right, because I think"},{"speaker":"Average Joe Finances","startTime":1418.955,"endTime":1422.74,"body":"that was one of the biggest mistakes"},{"speaker":"Average Joe Finances","startTime":1418.955,"endTime":1422.74,"body":"I made was especially because at the"},{"speaker":"Average Joe Finances","startTime":1422.74,"endTime":1425.645,"body":"time when I purchased it, it was like"},{"speaker":"Average Joe Finances","startTime":1422.74,"endTime":1425.645,"body":"I was trying to make it move fast."},{"speaker":"Average Joe Finances","startTime":1426.275,"endTime":1429.215,"body":"I waived the home inspection"},{"speaker":"Average Joe Finances","startTime":1426.275,"endTime":1429.215,"body":"because I had my GC walk through"},{"speaker":"Average Joe Finances","startTime":1429.215,"endTime":1431.975,"body":"there and just give it a quick look"},{"speaker":"Average Joe Finances","startTime":1429.215,"endTime":1431.975,"body":"and make sure everything's good."},{"speaker":"Average Joe Finances","startTime":1431.975,"endTime":1434.755,"body":"And, I got, the report back from them."},{"speaker":"Average Joe Finances","startTime":1435.19,"endTime":1439.83,"body":"And, I thought, they knew to look at"},{"speaker":"Average Joe Finances","startTime":1435.19,"endTime":1439.83,"body":"everything and then next thing you know"},{"speaker":"Average Joe Finances","startTime":1439.83,"endTime":1444.595,"body":"we make the purchase and everything starts"},{"speaker":"Average Joe Finances","startTime":1439.83,"endTime":1444.595,"body":"breaking or falling apart and this and"},{"speaker":"Average Joe Finances","startTime":1444.595,"endTime":1446.695,"body":"that or the other, and I'm like, huh."},{"speaker":"Average Joe Finances","startTime":1447.355,"endTime":1447.985,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1448.035,"endTime":1450.225,"body":"I messed up a little bit here."},{"speaker":"Average Joe Finances","startTime":1450.645,"endTime":1452.745,"body":"So yeah, getting that"},{"speaker":"Average Joe Finances","startTime":1450.645,"endTime":1452.745,"body":"property inspection is huge."},{"speaker":"Average Joe Finances","startTime":1452.795,"endTime":1458.335,"body":"To spend, three to 600 bucks to save"},{"speaker":"Average Joe Finances","startTime":1452.795,"endTime":1458.335,"body":"you thousands in the future is huge."},{"speaker":"Average Joe Finances","startTime":1458.34,"endTime":1460.035,"body":"And it lets you know what"},{"speaker":"Average Joe Finances","startTime":1458.34,"endTime":1460.035,"body":"you're walking into, right?"},{"speaker":"Average Joe Finances","startTime":1460.035,"endTime":1462.875,"body":"It, it gives you an idea of"},{"speaker":"Average Joe Finances","startTime":1460.035,"endTime":1462.875,"body":"this is the must-haves, the"},{"speaker":"Average Joe Finances","startTime":1462.875,"endTime":1464.705,"body":"needs that you have to fix."},{"speaker":"Average Joe Finances","startTime":1465.005,"endTime":1468.005,"body":"And then here's other stuff"},{"speaker":"Average Joe Finances","startTime":1465.005,"endTime":1468.005,"body":"that might be cosmetic or."},{"speaker":"Average Joe Finances","startTime":1468.465,"endTime":1472.035,"body":"Might not be as big of a"},{"speaker":"Average Joe Finances","startTime":1468.465,"endTime":1472.035,"body":"deal, right now at this time."},{"speaker":"Average Joe Finances","startTime":1472.425,"endTime":1475.125,"body":"And it makes you more comfortable"},{"speaker":"Average Joe Finances","startTime":1472.425,"endTime":1475.125,"body":"to, to make the purchase."},{"speaker":"Average Joe Finances","startTime":1475.345,"endTime":1479.485,"body":"I think even more than that though,"},{"speaker":"Average Joe Finances","startTime":1475.345,"endTime":1479.485,"body":"especially with you doing it sight"},{"speaker":"Average Joe Finances","startTime":1479.485,"endTime":1482.245,"body":"unseen cuz you are in Germany."},{"speaker":"Average Joe Finances","startTime":1482.785,"endTime":1484.435,"body":"This is back in North Carolina."},{"speaker":"Average Joe Finances","startTime":1484.815,"endTime":1485.595,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":1485.745,"endTime":1488.815,"body":"That's it gives you that I guess"},{"speaker":"Average Joe Finances","startTime":1485.745,"endTime":1488.815,"body":"the take some of the pressure"},{"speaker":"Average Joe Finances","startTime":1488.82,"endTime":1489.895,"body":"off your shoulders, right?"},{"speaker":"Average Joe Finances","startTime":1490.225,"endTime":1493.475,"body":"When you go to sign the"},{"speaker":"Average Joe Finances","startTime":1490.225,"endTime":1493.475,"body":"contract and make this happen."},{"speaker":"Chris Giorgi","startTime":1493.795,"endTime":1494.085,"body":"Yeah."},{"speaker":"Chris Giorgi","startTime":1495.155,"endTime":1498.725,"body":"I think the more pictures you can see,"},{"speaker":"Chris Giorgi","startTime":1495.155,"endTime":1498.725,"body":"the more videos that you can see of the"},{"speaker":"Chris Giorgi","startTime":1498.725,"endTime":1504.215,"body":"property, especially I was using the"},{"speaker":"Chris Giorgi","startTime":1498.725,"endTime":1504.215,"body":"same home inspector for a while and then."},{"speaker":"Chris Giorgi","startTime":1504.98,"endTime":1508.0,"body":"Eventually he said, Hey, you want me"},{"speaker":"Chris Giorgi","startTime":1504.98,"endTime":1508.0,"body":"to just do the big ticket items, the"},{"speaker":"Chris Giorgi","startTime":1508.0,"endTime":1511.08,"body":"roof, the hvac, plumbing, electrical."},{"speaker":"Chris Giorgi","startTime":1511.62,"endTime":1513.35,"body":"And he's it can save you"},{"speaker":"Chris Giorgi","startTime":1511.62,"endTime":1513.35,"body":"a little bit of money."},{"speaker":"Chris Giorgi","startTime":1513.38,"endTime":1514.07,"body":"I was like crap."},{"speaker":"Chris Giorgi","startTime":1514.13,"endTime":1516.53,"body":"I didn't even know that was the thing cuz"},{"speaker":"Chris Giorgi","startTime":1514.13,"endTime":1516.53,"body":"I already know I'm gonna gut the place."},{"speaker":"Chris Giorgi","startTime":1517.07,"endTime":1517.94,"body":"Yeah, just do that."},{"speaker":"Chris Giorgi","startTime":1517.945,"endTime":1521.705,"body":"And so I was able to save some money"},{"speaker":"Chris Giorgi","startTime":1517.945,"endTime":1521.705,"body":"and he just concentrated on those and"},{"speaker":"Chris Giorgi","startTime":1521.705,"endTime":1525.715,"body":"it was a better report and everything"},{"speaker":"Chris Giorgi","startTime":1521.705,"endTime":1525.715,"body":"else, I knew I was ripping out so I"},{"speaker":"Chris Giorgi","startTime":1525.715,"endTime":1527.715,"body":"didn't need him to waste time or money."},{"speaker":"Chris Giorgi","startTime":1528.51,"endTime":1531.72,"body":"A full home inspection, I did"},{"speaker":"Chris Giorgi","startTime":1528.51,"endTime":1531.72,"body":"do what you did a few times."},{"speaker":"Chris Giorgi","startTime":1531.72,"endTime":1534.62,"body":"I waived it and every time I"},{"speaker":"Chris Giorgi","startTime":1531.72,"endTime":1534.62,"body":"waved it I regretted it later on."},{"speaker":"Average Joe Finances","startTime":1535.52,"endTime":1535.7,"body":"Oh man."},{"speaker":"Average Joe Finances","startTime":1536.66,"endTime":1539.005,"body":"At least I only did it"},{"speaker":"Average Joe Finances","startTime":1536.66,"endTime":1539.005,"body":"once, but it's all good."},{"speaker":"Average Joe Finances","startTime":1539.605,"endTime":1539.965,"body":"No."},{"speaker":"Average Joe Finances","startTime":1540.015,"endTime":1543.525,"body":"And Chris, that's it's those kind of"},{"speaker":"Average Joe Finances","startTime":1540.015,"endTime":1543.525,"body":"lessons that you learn that you're like,"},{"speaker":"Average Joe Finances","startTime":1543.615,"endTime":1548.415,"body":"okay, I'm not gonna do that again, because"},{"speaker":"Average Joe Finances","startTime":1543.615,"endTime":1548.415,"body":"not, it's part of that expensive education"},{"speaker":"Average Joe Finances","startTime":1548.415,"endTime":1549.705,"body":"you get as a real estate investor."},{"speaker":"Average Joe Finances","startTime":1549.805,"endTime":1551.965,"body":"You're either gonna pay for a"},{"speaker":"Average Joe Finances","startTime":1549.805,"endTime":1551.965,"body":"course or you're gonna pay for it"},{"speaker":"Average Joe Finances","startTime":1551.97,"endTime":1555.365,"body":"by making the mistakes that you"},{"speaker":"Average Joe Finances","startTime":1551.97,"endTime":1555.365,"body":"would've learned not to make in a"},{"speaker":"Average Joe Finances","startTime":1555.365,"endTime":1556.985,"body":"course or with a coach or whatever."},{"speaker":"Average Joe Finances","startTime":1557.425,"endTime":1557.755,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1558.175,"endTime":1563.375,"body":"So with all of that being said"},{"speaker":"Average Joe Finances","startTime":1558.175,"endTime":1563.375,"body":"obviously to go from four to 36"},{"speaker":"Average Joe Finances","startTime":1563.715,"endTime":1565.905,"body":"in that short window is a lot."},{"speaker":"Average Joe Finances","startTime":1566.265,"endTime":1571.57,"body":"What do you have any like CRM systems"},{"speaker":"Average Joe Finances","startTime":1566.265,"endTime":1571.57,"body":"or management tools that you use"},{"speaker":"Average Joe Finances","startTime":1571.57,"endTime":1574.48,"body":"now to manage these properties?"},{"speaker":"Average Joe Finances","startTime":1574.51,"endTime":1578.795,"body":"Especially, growing that"},{"speaker":"Average Joe Finances","startTime":1574.51,"endTime":1578.795,"body":"quickly in that three year span."},{"speaker":"Average Joe Finances","startTime":1579.195,"endTime":1582.855,"body":"Obviously you can't just"},{"speaker":"Average Joe Finances","startTime":1579.195,"endTime":1582.855,"body":"wing it anymore, right?"},{"speaker":"Average Joe Finances","startTime":1582.955,"endTime":1584.425,"body":"And there's gotta be"},{"speaker":"Average Joe Finances","startTime":1582.955,"endTime":1584.425,"body":"something that you are using."},{"speaker":"Average Joe Finances","startTime":1584.425,"endTime":1587.495,"body":"So is there something that you"},{"speaker":"Average Joe Finances","startTime":1584.425,"endTime":1587.495,"body":"can't live without a system or"},{"speaker":"Average Joe Finances","startTime":1587.495,"endTime":1588.605,"body":"CRM system or anything like that?"},{"speaker":"Chris Giorgi","startTime":1589.985,"endTime":1592.115,"body":"So I don't"},{"speaker":"Chris Giorgi","startTime":1589.985,"endTime":1592.115,"body":"have anything fancy."},{"speaker":"Chris Giorgi","startTime":1592.115,"endTime":1594.605,"body":"The biggest thing I do"},{"speaker":"Chris Giorgi","startTime":1592.115,"endTime":1594.605,"body":"is I have QuickBooks."},{"speaker":"Chris Giorgi","startTime":1594.845,"endTime":1597.575,"body":"So I set that up in okay, 2018."},{"speaker":"Chris Giorgi","startTime":1597.665,"endTime":1604.195,"body":"And I think in 2000, late 2018 or 2019 I"},{"speaker":"Chris Giorgi","startTime":1597.665,"endTime":1604.195,"body":"started it became a little much for me."},{"speaker":"Chris Giorgi","startTime":1604.255,"endTime":1607.355,"body":"I one of the accounts, I couldn't"},{"speaker":"Chris Giorgi","startTime":1604.255,"endTime":1607.355,"body":"figure out how to split it all up"},{"speaker":"Chris Giorgi","startTime":1607.355,"endTime":1609.965,"body":"and it was just, I was banging my"},{"speaker":"Chris Giorgi","startTime":1607.355,"endTime":1609.965,"body":"head, especially cuz I started."},{"speaker":"Chris Giorgi","startTime":1610.745,"endTime":1612.215,"body":"QuickBooks after a little late."},{"speaker":"Chris Giorgi","startTime":1612.215,"endTime":1613.985,"body":"And so I was trying to play catch up."},{"speaker":"Chris Giorgi","startTime":1614.675,"endTime":1618.035,"body":"So I listened to one podcast and"},{"speaker":"Chris Giorgi","startTime":1614.675,"endTime":1618.035,"body":"they introduced me to Upworks,"},{"speaker":"Chris Giorgi","startTime":1618.365,"endTime":1621.095,"body":"where I found upworks.com, where"},{"speaker":"Chris Giorgi","startTime":1618.365,"endTime":1621.095,"body":"I found a virtual assistant."},{"speaker":"Chris Giorgi","startTime":1621.395,"endTime":1621.755,"body":"Oh yeah."},{"speaker":"Chris Giorgi","startTime":1621.815,"endTime":1625.415,"body":"And so I got a QuickBooks Master, he"},{"speaker":"Chris Giorgi","startTime":1621.815,"endTime":1625.415,"body":"lives in the Philippines, and so he"},{"speaker":"Chris Giorgi","startTime":1625.42,"endTime":1629.96,"body":"logs on all the time, and he knows"},{"speaker":"Chris Giorgi","startTime":1625.42,"endTime":1629.96,"body":"which accounts he, he's gotta sort"},{"speaker":"Chris Giorgi","startTime":1629.96,"endTime":1632.75,"body":"for me and which ones I'm gonna do."},{"speaker":"Chris Giorgi","startTime":1632.75,"endTime":1634.16,"body":"And he does that at the end of the year."},{"speaker":"Chris Giorgi","startTime":1634.16,"endTime":1635.51,"body":"He does all reconciliations."},{"speaker":"Chris Giorgi","startTime":1636.14,"endTime":1638.03,"body":"So that's one of the biggest ones."},{"speaker":"Chris Giorgi","startTime":1638.03,"endTime":1640.69,"body":"Without that, some of those"},{"speaker":"Chris Giorgi","startTime":1638.03,"endTime":1640.69,"body":"are now short term rentals."},{"speaker":"Chris Giorgi","startTime":1641.23,"endTime":1643.415,"body":"So those are done just a"},{"speaker":"Chris Giorgi","startTime":1641.23,"endTime":1643.415,"body":"little bit differently."},{"speaker":"Chris Giorgi","startTime":1643.445,"endTime":1645.415,"body":"I wouldn't have been"},{"speaker":"Chris Giorgi","startTime":1643.445,"endTime":1645.415,"body":"able to keep up with it."},{"speaker":"Chris Giorgi","startTime":1646.655,"endTime":1648.595,"body":"But yeah, so again, nothing fancy."},{"speaker":"Chris Giorgi","startTime":1648.595,"endTime":1650.285,"body":"Everything is stabilized now."},{"speaker":"Chris Giorgi","startTime":1651.56,"endTime":1653.62,"body":"In 2018 through, not too long ago."},{"speaker":"Chris Giorgi","startTime":1653.62,"endTime":1654.13,"body":"It wasn't."},{"speaker":"Chris Giorgi","startTime":1654.13,"endTime":1654.34,"body":"Yeah."},{"speaker":"Chris Giorgi","startTime":1654.49,"endTime":1659.84,"body":"And but now I'm just hoping"},{"speaker":"Chris Giorgi","startTime":1654.49,"endTime":1659.84,"body":"to reap the benefits of all"},{"speaker":"Chris Giorgi","startTime":1659.84,"endTime":1660.86,"body":"this work that I put into it."},{"speaker":"Average Joe Finances","startTime":1661.31,"endTime":1662.39,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1662.73,"endTime":1665.67,"body":"I second using Upwork to find a good VA."},{"speaker":"Average Joe Finances","startTime":1665.7,"endTime":1668.32,"body":"That's actually where I found"},{"speaker":"Average Joe Finances","startTime":1665.7,"endTime":1668.32,"body":"my assistant right now that"},{"speaker":"Average Joe Finances","startTime":1668.32,"endTime":1669.79,"body":"does everything for my podcast."},{"speaker":"Average Joe Finances","startTime":1669.79,"endTime":1671.35,"body":"She's absolutely amazing."},{"speaker":"Average Joe Finances","startTime":1671.91,"endTime":1678.47,"body":"And it's, man, you could find some real"},{"speaker":"Average Joe Finances","startTime":1671.91,"endTime":1678.47,"body":"quality folks on Upwork five or two,"},{"speaker":"Average Joe Finances","startTime":1678.47,"endTime":1683.42,"body":"but my experience has always been that"},{"speaker":"Average Joe Finances","startTime":1678.47,"endTime":1683.42,"body":"Upwork usually had higher quality VAs"},{"speaker":"Average Joe Finances","startTime":1683.425,"endTime":1684.68,"body":"depending on what you're looking for."},{"speaker":"Average Joe Finances","startTime":1684.68,"endTime":1685.85,"body":"But yeah, man, that's awesome."},{"speaker":"Average Joe Finances","startTime":1685.85,"endTime":1686.54,"body":"Good to know."},{"speaker":"Average Joe Finances","startTime":1686.7,"endTime":1690.64,"body":"This is one of those things I feel like"},{"speaker":"Average Joe Finances","startTime":1686.7,"endTime":1690.64,"body":"at once you get to a certain level it is"},{"speaker":"Average Joe Finances","startTime":1690.64,"endTime":1692.65,"body":"very hard to manage by yourself, right?"},{"speaker":"Average Joe Finances","startTime":1692.65,"endTime":1693.76,"body":"So you have your team, right?"},{"speaker":"Average Joe Finances","startTime":1693.76,"endTime":1697.43,"body":"You have your real estate agent"},{"speaker":"Average Joe Finances","startTime":1693.76,"endTime":1697.43,"body":"who was also your property manager."},{"speaker":"Average Joe Finances","startTime":1697.43,"endTime":1700.52,"body":"You have your person that works"},{"speaker":"Average Joe Finances","startTime":1697.43,"endTime":1700.52,"body":"all the books for you, right?"},{"speaker":"Average Joe Finances","startTime":1700.52,"endTime":1703.845,"body":"And it frees up the time that"},{"speaker":"Average Joe Finances","startTime":1700.52,"endTime":1703.845,"body":"you would spend into that."},{"speaker":"Average Joe Finances","startTime":1703.85,"endTime":1706.485,"body":"So you can still work that"},{"speaker":"Average Joe Finances","startTime":1703.85,"endTime":1706.485,"body":"W2 that you got right now."},{"speaker":"Average Joe Finances","startTime":1706.915,"endTime":1707.07,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1707.12,"endTime":1710.82,"body":"You said now you're actually getting ready"},{"speaker":"Average Joe Finances","startTime":1707.12,"endTime":1710.82,"body":"to start looking at scaling again, right?"},{"speaker":"Chris Giorgi","startTime":1712.38,"endTime":1712.53,"body":"Yeah."},{"speaker":"Chris Giorgi","startTime":1712.53,"endTime":1718.11,"body":"So I'm actually, I went from no"},{"speaker":"Chris Giorgi","startTime":1712.53,"endTime":1718.11,"body":"syndications in 2018 to not even"},{"speaker":"Chris Giorgi","startTime":1718.11,"endTime":1722.72,"body":"understanding what a syndication"},{"speaker":"Chris Giorgi","startTime":1718.11,"endTime":1722.72,"body":"was to, I think I have 11 or 12 now,"},{"speaker":"Chris Giorgi","startTime":1722.81,"endTime":1726.76,"body":"and so I think that's enough money"},{"speaker":"Chris Giorgi","startTime":1722.81,"endTime":1726.76,"body":"in those, and I'm now talking to"},{"speaker":"Chris Giorgi","startTime":1726.76,"endTime":1728.92,"body":"another company, real estate company."},{"speaker":"Chris Giorgi","startTime":1729.22,"endTime":1733.63,"body":"They're pretty popular and they do turn,"},{"speaker":"Chris Giorgi","startTime":1729.22,"endTime":1733.63,"body":"they sell turn turnkey rentals in Ohio."},{"speaker":"Chris Giorgi","startTime":1733.887,"endTime":1738.177,"body":"I'm researching that market to"},{"speaker":"Chris Giorgi","startTime":1733.887,"endTime":1738.177,"body":"make sure you know it meets my buy"},{"speaker":"Chris Giorgi","startTime":1738.177,"endTime":1743.907,"body":"criteria, but some of the returns, what"},{"speaker":"Chris Giorgi","startTime":1738.177,"endTime":1743.907,"body":"they're saying, it's 15 to 20% ROI."},{"speaker":"Chris Giorgi","startTime":1744.117,"endTime":1747.027,"body":"And I was looking at one"},{"speaker":"Chris Giorgi","startTime":1744.117,"endTime":1747.027,"body":"today and I was like that."},{"speaker":"Chris Giorgi","startTime":1747.032,"endTime":1747.567,"body":"That's crazy."},{"speaker":"Chris Giorgi","startTime":1747.567,"endTime":1751.287,"body":"So I'm trying to pick it apart and I have"},{"speaker":"Chris Giorgi","startTime":1747.567,"endTime":1751.287,"body":"a meeting with them scheduled later on"},{"speaker":"Chris Giorgi","startTime":1751.467,"endTime":1756.417,"body":"this week, but I think I need, and so I'm"},{"speaker":"Chris Giorgi","startTime":1751.467,"endTime":1756.417,"body":"a little risky having so many properties"},{"speaker":"Chris Giorgi","startTime":1756.467,"endTime":1758.627,"body":"in one market, which I know, but."},{"speaker":"Chris Giorgi","startTime":1759.137,"endTime":1762.407,"body":"It's hard trying to go to somewhere"},{"speaker":"Chris Giorgi","startTime":1759.137,"endTime":1762.407,"body":"else when I don't wanna start all"},{"speaker":"Chris Giorgi","startTime":1762.407,"endTime":1765.702,"body":"over with the the lady and her team"},{"speaker":"Chris Giorgi","startTime":1762.407,"endTime":1765.702,"body":"who are managing my properties."},{"speaker":"Chris Giorgi","startTime":1766.322,"endTime":1770.962,"body":"But I think if I do buy some more"},{"speaker":"Chris Giorgi","startTime":1766.322,"endTime":1770.962,"body":"maybe in a few MSAs, different ones in"},{"speaker":"Chris Giorgi","startTime":1770.967,"endTime":1773.172,"body":"Ohio, and that's what I'm looking at."},{"speaker":"Average Joe Finances","startTime":1773.172,"endTime":1773.262,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1773.262,"endTime":1777.312,"body":"You're also in 11 or 12 syndications"},{"speaker":"Average Joe Finances","startTime":1773.262,"endTime":1777.312,"body":"too, which I'm sure in different markets."},{"speaker":"Average Joe Finances","startTime":1777.312,"endTime":1778.872,"body":"That provides a lot of diversity."},{"speaker":"Average Joe Finances","startTime":1779.212,"endTime":1781.872,"body":"I don't think people realize the"},{"speaker":"Average Joe Finances","startTime":1779.212,"endTime":1781.872,"body":"benefit of being in a real estate"},{"speaker":"Average Joe Finances","startTime":1781.872,"endTime":1784.512,"body":"syndication and being completely passive."},{"speaker":"Average Joe Finances","startTime":1784.512,"endTime":1788.832,"body":"It's pretty awesome that you get to put"},{"speaker":"Average Joe Finances","startTime":1784.512,"endTime":1788.832,"body":"your money into this, sit back and collect"},{"speaker":"Average Joe Finances","startTime":1788.832,"endTime":1793.602,"body":"your dividends, AKA rent while it's, while"},{"speaker":"Average Joe Finances","startTime":1788.832,"endTime":1793.602,"body":"they're seasoning it, and then turn around"},{"speaker":"Average Joe Finances","startTime":1793.602,"endTime":1797.022,"body":"and get a nice check at the end when"},{"speaker":"Average Joe Finances","startTime":1793.602,"endTime":1797.022,"body":"the asset sells or they cash out refi."},{"speaker":"Average Joe Finances","startTime":1797.452,"endTime":1799.702,"body":"It's my preferred way to invest right now."},{"speaker":"Average Joe Finances","startTime":1799.802,"endTime":1800.912,"body":"I enjoy doing that."},{"speaker":"Average Joe Finances","startTime":1800.942,"endTime":1803.222,"body":"It's I like being a little"},{"speaker":"Average Joe Finances","startTime":1800.942,"endTime":1803.222,"body":"more hands off so I could free"},{"speaker":"Average Joe Finances","startTime":1803.222,"endTime":1804.482,"body":"up my time for other things."},{"speaker":"Average Joe Finances","startTime":1805.012,"endTime":1806.117,"body":"But yeah, man that's awesome."},{"speaker":"Average Joe Finances","startTime":1806.117,"endTime":1807.857,"body":"And now you're gonna be looking"},{"speaker":"Average Joe Finances","startTime":1806.117,"endTime":1807.857,"body":"to get into another market."},{"speaker":"Average Joe Finances","startTime":1807.862,"endTime":1811.077,"body":"So I wouldn't sell yourself short and"},{"speaker":"Average Joe Finances","startTime":1807.862,"endTime":1811.077,"body":"say that you're stuck in one market."},{"speaker":"Average Joe Finances","startTime":1811.107,"endTime":1812.487,"body":"You're pretty well diversified."},{"speaker":"Average Joe Finances","startTime":1812.487,"endTime":1812.872,"body":"I think."},{"speaker":"Chris Giorgi","startTime":1813.577,"endTime":1813.817,"body":"Okay."},{"speaker":"Chris Giorgi","startTime":1814.027,"endTime":1816.517,"body":"Yeah, so I actually"},{"speaker":"Chris Giorgi","startTime":1814.027,"endTime":1816.517,"body":"just got an email today."},{"speaker":"Chris Giorgi","startTime":1816.817,"endTime":1821.287,"body":"It said capital call on it, on the"},{"speaker":"Chris Giorgi","startTime":1816.817,"endTime":1821.287,"body":"subject line for a syndication."},{"speaker":"Chris Giorgi","startTime":1821.527,"endTime":1821.887,"body":"I'm just like,"},{"speaker":"Average Joe Finances","startTime":1822.557,"endTime":1823.637,"body":"You better read that one."},{"speaker":"Average Joe Finances","startTime":1823.637,"endTime":1826.157,"body":"Those are, yeah, those"},{"speaker":"Average Joe Finances","startTime":1823.637,"endTime":1826.157,"body":"are important to read."},{"speaker":"Average Joe Finances","startTime":1826.577,"endTime":1829.547,"body":"So I thankfully have not had to"},{"speaker":"Average Joe Finances","startTime":1826.577,"endTime":1829.547,"body":"deal with any of those yet, and I"},{"speaker":"Average Joe Finances","startTime":1829.547,"endTime":1831.527,"body":"hope to not deal with any of those."},{"speaker":"Average Joe Finances","startTime":1831.527,"endTime":1833.007,"body":"But it happens."},{"speaker":"Average Joe Finances","startTime":1833.157,"endTime":1833.787,"body":"It happens, man."},{"speaker":"Average Joe Finances","startTime":1833.787,"endTime":1834.627,"body":"Yeah, unfortunately."},{"speaker":"Average Joe Finances","startTime":1834.777,"endTime":1837.627,"body":"And in an ever-changing market"},{"speaker":"Average Joe Finances","startTime":1834.777,"endTime":1837.627,"body":"that we're in right now, you"},{"speaker":"Average Joe Finances","startTime":1837.627,"endTime":1839.067,"body":"could probably expect a few more."},{"speaker":"Average Joe Finances","startTime":1839.117,"endTime":1841.217,"body":"It's just the reality of"},{"speaker":"Average Joe Finances","startTime":1839.117,"endTime":1841.217,"body":"where we're at right now."},{"speaker":"Chris Giorgi","startTime":1842.117,"endTime":1842.267,"body":"Correct."},{"speaker":"Average Joe Finances","startTime":1842.447,"endTime":1842.807,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1843.287,"endTime":1847.767,"body":"Now, you had mentioned earlier too a"},{"speaker":"Average Joe Finances","startTime":1843.287,"endTime":1847.767,"body":"12 unit is part of the 36 properties"},{"speaker":"Average Joe Finances","startTime":1847.767,"endTime":1849.387,"body":"that you have, that 12 unit as well?"},{"speaker":"Chris Giorgi","startTime":1850.557,"endTime":1850.947,"body":"Yes."},{"speaker":"Chris Giorgi","startTime":1851.007,"endTime":1853.127,"body":"So, that's probably why it's 36."},{"speaker":"Chris Giorgi","startTime":1853.127,"endTime":1855.467,"body":"Cause I guess it was 24 before that."},{"speaker":"Average Joe Finances","startTime":1855.797,"endTime":1856.037,"body":"Okay."},{"speaker":"Chris Giorgi","startTime":1856.147,"endTime":1856.717,"body":"Or 20."},{"speaker":"Chris Giorgi","startTime":1856.867,"endTime":1857.197,"body":"And then I bought."},{"speaker":"Average Joe Finances","startTime":1857.257,"endTime":1859.657,"body":"Was that the last"},{"speaker":"Average Joe Finances","startTime":1857.257,"endTime":1859.657,"body":"acquisition you had was the 12 unit?"},{"speaker":"Chris Giorgi","startTime":1860.377,"endTime":1862.417,"body":"No, I actually bought"},{"speaker":"Chris Giorgi","startTime":1860.377,"endTime":1862.417,"body":"two properties that were being"},{"speaker":"Chris Giorgi","startTime":1862.417,"endTime":1867.157,"body":"sold by an old, older gentleman"},{"speaker":"Chris Giorgi","startTime":1862.417,"endTime":1867.157,"body":"that it wasn't on the market yet,"},{"speaker":"Chris Giorgi","startTime":1867.157,"endTime":1869.317,"body":"but my, again, my broker knew him."},{"speaker":"Chris Giorgi","startTime":1869.437,"endTime":1872.227,"body":"She, yeah, it was two different"},{"speaker":"Chris Giorgi","startTime":1869.437,"endTime":1872.227,"body":"houses on the same lot."},{"speaker":"Chris Giorgi","startTime":1872.227,"endTime":1873.187,"body":"He was fixing one up."},{"speaker":"Chris Giorgi","startTime":1873.937,"endTime":1876.157,"body":"She was like, this first one"},{"speaker":"Chris Giorgi","startTime":1873.937,"endTime":1876.157,"body":"would be great for an Airbnb,"},{"speaker":"Chris Giorgi","startTime":1876.157,"endTime":1877.597,"body":"the back one, a long-term rental."},{"speaker":"Chris Giorgi","startTime":1878.137,"endTime":1879.757,"body":"And so that's what I was able to get it."},{"speaker":"Chris Giorgi","startTime":1879.937,"endTime":1884.777,"body":"And it just appraised for like"},{"speaker":"Chris Giorgi","startTime":1879.937,"endTime":1884.777,"body":"well over six figures from what I"},{"speaker":"Chris Giorgi","startTime":1884.777,"endTime":1886.457,"body":"bought it, and I only bought it."},{"speaker":"Chris Giorgi","startTime":1888.257,"endTime":1888.857,"body":"Like a year ago."},{"speaker":"Average Joe Finances","startTime":1889.247,"endTime":1889.937,"body":"It's very nice."},{"speaker":"Average Joe Finances","startTime":1889.937,"endTime":1892.457,"body":"Oh, so you even got some short"},{"speaker":"Average Joe Finances","startTime":1889.937,"endTime":1892.457,"body":"term rentals going on too?"},{"speaker":"Chris Giorgi","startTime":1893.447,"endTime":1898.127,"body":"Yeah I had unfortunately,"},{"speaker":"Chris Giorgi","startTime":1893.447,"endTime":1898.127,"body":"so I had six and I'm down to four now."},{"speaker":"Chris Giorgi","startTime":1898.132,"endTime":1898.287,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1898.457,"endTime":1898.487,"body":"Okay."},{"speaker":"Chris Giorgi","startTime":1898.487,"endTime":1901.097,"body":"just pulled two"},{"speaker":"Chris Giorgi","startTime":1898.487,"endTime":1901.097,"body":"out, made 'em medium term rentals."},{"speaker":"Chris Giorgi","startTime":1902.007,"endTime":1902.732,"body":"Everybody jumped."},{"speaker":"Average Joe Finances","startTime":1902.737,"endTime":1904.052,"body":"You've"},{"speaker":"Average Joe Finances","startTime":1902.737,"endTime":1904.052,"body":"got short term rentals, medium"},{"speaker":"Average Joe Finances","startTime":1904.052,"endTime":1908.942,"body":"term rentals, long-term rentals,"},{"speaker":"Average Joe Finances","startTime":1904.052,"endTime":1908.942,"body":"multifamily and syndications going on."},{"speaker":"Average Joe Finances","startTime":1909.527,"endTime":1911.387,"body":"You got the whole gamut going on, Chris."},{"speaker":"Chris Giorgi","startTime":1913.157,"endTime":1915.317,"body":"Trying to stay diversified."},{"speaker":"Average Joe Finances","startTime":1915.317,"endTime":1915.527,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1915.527,"endTime":1916.967,"body":"When are you gonna start your podcast?"},{"speaker":"Average Joe Finances","startTime":1916.967,"endTime":1917.537,"body":"Geez, man."},{"speaker":"Average Joe Finances","startTime":1917.537,"endTime":1918.617,"body":"You could talk about it all."},{"speaker":"Average Joe Finances","startTime":1919.847,"endTime":1920.327,"body":"It's awesome, dude."},{"speaker":"Chris Giorgi","startTime":1920.327,"endTime":1920.537,"body":"Probably."},{"speaker":"Average Joe Finances","startTime":1922.607,"endTime":1924.492,"body":"I just, I'm"},{"speaker":"Average Joe Finances","startTime":1922.607,"endTime":1924.492,"body":"just saying I didn't realize that."},{"speaker":"Average Joe Finances","startTime":1924.977,"endTime":1927.977,"body":"You did all of those as"},{"speaker":"Average Joe Finances","startTime":1924.977,"endTime":1927.977,"body":"well, I'm thinking, 36 units."},{"speaker":"Average Joe Finances","startTime":1927.977,"endTime":1928.307,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1928.307,"endTime":1933.247,"body":"He's got 36, long-term tenants, and"},{"speaker":"Average Joe Finances","startTime":1928.307,"endTime":1933.247,"body":"getting his, getting paid monthly."},{"speaker":"Average Joe Finances","startTime":1933.247,"endTime":1936.377,"body":"But no, you've got, couple of them"},{"speaker":"Average Joe Finances","startTime":1933.247,"endTime":1936.377,"body":"are short term, couple of 'em are"},{"speaker":"Average Joe Finances","startTime":1936.382,"endTime":1938.537,"body":"medium term, couple are long-term."},{"speaker":"Average Joe Finances","startTime":1938.537,"endTime":1940.722,"body":"And you're talking about, I'm not"},{"speaker":"Average Joe Finances","startTime":1938.537,"endTime":1940.722,"body":"sure if I'm diversified enough."},{"speaker":"Average Joe Finances","startTime":1940.752,"endTime":1942.222,"body":"Oh man, come on dude."},{"speaker":"Average Joe Finances","startTime":1943.452,"endTime":1944.412,"body":"No this is good stuff."},{"speaker":"Average Joe Finances","startTime":1944.412,"endTime":1946.122,"body":"This really is Okay."},{"speaker":"Average Joe Finances","startTime":1946.252,"endTime":1948.767,"body":"So how did, how'd you get"},{"speaker":"Average Joe Finances","startTime":1946.252,"endTime":1948.767,"body":"into that 12 unit then?"},{"speaker":"Average Joe Finances","startTime":1948.767,"endTime":1952.707,"body":"Because if if you were buying like,"},{"speaker":"Average Joe Finances","startTime":1948.767,"endTime":1952.707,"body":"smaller multifamily, like duplexes"},{"speaker":"Average Joe Finances","startTime":1952.707,"endTime":1957.317,"body":"and then some single families to"},{"speaker":"Average Joe Finances","startTime":1952.707,"endTime":1957.317,"body":"get into a 12 units, that is a"},{"speaker":"Average Joe Finances","startTime":1957.317,"endTime":1958.877,"body":"commercial multifamily, right?"},{"speaker":"Average Joe Finances","startTime":1958.927,"endTime":1959.737,"body":"Anything six or more."},{"speaker":"Average Joe Finances","startTime":1960.147,"endTime":1963.477,"body":"So what was the difference between"},{"speaker":"Average Joe Finances","startTime":1960.147,"endTime":1963.477,"body":"going after what you were doing"},{"speaker":"Average Joe Finances","startTime":1963.477,"endTime":1965.877,"body":"before to going after this asset?"},{"speaker":"Chris Giorgi","startTime":1967.717,"endTime":1969.397,"body":"I found it"},{"speaker":"Chris Giorgi","startTime":1967.717,"endTime":1969.397,"body":"on Facebook marketplace."},{"speaker":"Chris Giorgi","startTime":1970.387,"endTime":1971.102,"body":"I literally was."},{"speaker":"Average Joe Finances","startTime":1971.102,"endTime":1971.982,"body":"Of all places."},{"speaker":"Chris Giorgi","startTime":1972.512,"endTime":1975.672,"body":"Of all places, I took"},{"speaker":"Chris Giorgi","startTime":1972.512,"endTime":1975.672,"body":"my phone into the bathroom doing"},{"speaker":"Chris Giorgi","startTime":1975.677,"endTime":1977.322,"body":"my business, swiping up and down."},{"speaker":"Chris Giorgi","startTime":1977.832,"endTime":1983.502,"body":"I see this 12 Plex and I'm like,"},{"speaker":"Chris Giorgi","startTime":1977.832,"endTime":1983.502,"body":"and I think it was $710,000."},{"speaker":"Chris Giorgi","startTime":1984.012,"endTime":1987.472,"body":"And I'm like obviously I"},{"speaker":"Chris Giorgi","startTime":1984.012,"endTime":1987.472,"body":"can't afford cash for that."},{"speaker":"Chris Giorgi","startTime":1987.472,"endTime":1991.072,"body":"But I probably, with the money"},{"speaker":"Chris Giorgi","startTime":1987.472,"endTime":1991.072,"body":"that I had remaining from that"},{"speaker":"Chris Giorgi","startTime":1991.072,"endTime":1994.297,"body":"fund, remember that fund, I was"},{"speaker":"Chris Giorgi","startTime":1991.072,"endTime":1994.297,"body":"16 years old, I had some money."},{"speaker":"Chris Giorgi","startTime":1994.297,"endTime":1997.357,"body":"That's where I used most of that"},{"speaker":"Chris Giorgi","startTime":1994.297,"endTime":1997.357,"body":"for my all my down payments."},{"speaker":"Chris Giorgi","startTime":1997.657,"endTime":1998.197,"body":"And."},{"speaker":"Chris Giorgi","startTime":1998.857,"endTime":2002.582,"body":"So I had a little bit left and I"},{"speaker":"Chris Giorgi","startTime":1998.857,"endTime":2002.582,"body":"think I was doing a cash out refi at"},{"speaker":"Chris Giorgi","startTime":2002.582,"endTime":2007.232,"body":"the same time too, and so I figured I"},{"speaker":"Chris Giorgi","startTime":2002.582,"endTime":2007.232,"body":"had enough to do to take a commercial"},{"speaker":"Chris Giorgi","startTime":2007.232,"endTime":2009.302,"body":"loan, pass it over to my broker."},{"speaker":"Chris Giorgi","startTime":2010.202,"endTime":2013.562,"body":"She found out that a guy was"},{"speaker":"Chris Giorgi","startTime":2010.202,"endTime":2013.562,"body":"wholesaling it and the owners didn't"},{"speaker":"Chris Giorgi","startTime":2013.562,"endTime":2016.772,"body":"know it, so they broke the contract"},{"speaker":"Chris Giorgi","startTime":2013.562,"endTime":2016.772,"body":"with him and they sold it to me."},{"speaker":"Chris Giorgi","startTime":2017.522,"endTime":2021.952,"body":"And yeah, so I always wanted to"},{"speaker":"Chris Giorgi","startTime":2017.522,"endTime":2021.952,"body":"get into something about 10 units."},{"speaker":"Chris Giorgi","startTime":2021.957,"endTime":2022.372,"body":"I said."},{"speaker":"Chris Giorgi","startTime":2022.807,"endTime":2026.297,"body":"I was told her, if you give me a"},{"speaker":"Chris Giorgi","startTime":2022.807,"endTime":2026.297,"body":"10 unit, I will fly back and do"},{"speaker":"Chris Giorgi","startTime":2026.297,"endTime":2029.597,"body":"the inspection, and then we can"},{"speaker":"Chris Giorgi","startTime":2026.297,"endTime":2029.597,"body":"finally meet, blah, blah, blah."},{"speaker":"Chris Giorgi","startTime":2029.837,"endTime":2032.097,"body":"And but the timing didn't work out."},{"speaker":"Chris Giorgi","startTime":2032.097,"endTime":2037.017,"body":"I think it was during Covid and I didn't"},{"speaker":"Chris Giorgi","startTime":2032.097,"endTime":2037.017,"body":"actually get an inspection on that one."},{"speaker":"Chris Giorgi","startTime":2037.107,"endTime":2038.097,"body":"She walked it through."},{"speaker":"Chris Giorgi","startTime":2038.517,"endTime":2039.592,"body":"She's this is solid."},{"speaker":"Chris Giorgi","startTime":2040.222,"endTime":2042.982,"body":"The owners are just"},{"speaker":"Chris Giorgi","startTime":2040.222,"endTime":2042.982,"body":"trying to get out of it."},{"speaker":"Chris Giorgi","startTime":2043.402,"endTime":2045.802,"body":"They wanna move on somewhere else,"},{"speaker":"Chris Giorgi","startTime":2043.402,"endTime":2045.802,"body":"and she's it's worth a lot more,"},{"speaker":"Chris Giorgi","startTime":2045.802,"endTime":2046.912,"body":"but it's gonna take some work."},{"speaker":"Chris Giorgi","startTime":2047.722,"endTime":2050.842,"body":"It's not it's kinda like a syndication,"},{"speaker":"Chris Giorgi","startTime":2047.722,"endTime":2050.842,"body":"what syndications do, right?"},{"speaker":"Chris Giorgi","startTime":2051.952,"endTime":2052.972,"body":"Heavy value add."},{"speaker":"Chris Giorgi","startTime":2053.092,"endTime":2055.822,"body":"Increase the NOI and then sell it again."},{"speaker":"Chris Giorgi","startTime":2056.362,"endTime":2058.972,"body":"And so it's completely rehab."},{"speaker":"Chris Giorgi","startTime":2058.972,"endTime":2062.122,"body":"Now two of those are, three"},{"speaker":"Chris Giorgi","startTime":2058.972,"endTime":2062.122,"body":"of them are short term rentals"},{"speaker":"Chris Giorgi","startTime":2062.122,"endTime":2063.142,"body":"of tho those apartments."},{"speaker":"Chris Giorgi","startTime":2063.722,"endTime":2065.487,"body":"And now I'm just really doing."},{"speaker":"Chris Giorgi","startTime":2066.597,"endTime":2072.597,"body":"Doing the math if I should sell it"},{"speaker":"Chris Giorgi","startTime":2066.597,"endTime":2072.597,"body":"now or wait until next year, but the"},{"speaker":"Chris Giorgi","startTime":2072.597,"endTime":2074.217,"body":"rents aren't gonna go up too much more."},{"speaker":"Chris Giorgi","startTime":2074.217,"endTime":2075.987,"body":"So I think I know what I should do."},{"speaker":"Average Joe Finances","startTime":2076.932,"endTime":2077.262,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2077.382,"endTime":2077.622,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2077.622,"endTime":2078.102,"body":"Right on."},{"speaker":"Average Joe Finances","startTime":2078.732,"endTime":2079.302,"body":"All right, man."},{"speaker":"Average Joe Finances","startTime":2079.332,"endTime":2080.382,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":2080.432,"endTime":2083.842,"body":"It's good to know, Chris, like all the"},{"speaker":"Average Joe Finances","startTime":2080.432,"endTime":2083.842,"body":"different areas that you've dabbled in"},{"speaker":"Average Joe Finances","startTime":2083.842,"endTime":2086.847,"body":"and the, also, the strategies that you've"},{"speaker":"Average Joe Finances","startTime":2083.842,"endTime":2086.847,"body":"used to do it, you were able to cash"},{"speaker":"Average Joe Finances","startTime":2086.847,"endTime":2090.307,"body":"out some of that some of those mutual"},{"speaker":"Average Joe Finances","startTime":2086.847,"endTime":2090.307,"body":"funds that you had since you were 16."},{"speaker":"Average Joe Finances","startTime":2090.577,"endTime":2093.607,"body":"You did some cash out refis and"},{"speaker":"Average Joe Finances","startTime":2090.577,"endTime":2093.607,"body":"some properties that you had."},{"speaker":"Average Joe Finances","startTime":2093.907,"endTime":2096.832,"body":"So you were very what's the right"},{"speaker":"Average Joe Finances","startTime":2093.907,"endTime":2096.832,"body":"word that I'm looking for here?"},{"speaker":"Average Joe Finances","startTime":2097.632,"endTime":2102.372,"body":"Having a brain fart, you're very creative"},{"speaker":"Average Joe Finances","startTime":2097.632,"endTime":2102.372,"body":"with how financed these properties."},{"speaker":"Average Joe Finances","startTime":2102.372,"endTime":2106.492,"body":"You use creative financing tools, which"},{"speaker":"Average Joe Finances","startTime":2102.372,"endTime":2106.492,"body":"is great for the people that are listening"},{"speaker":"Average Joe Finances","startTime":2106.497,"endTime":2109.467,"body":"right now that maybe have bought a couple"},{"speaker":"Average Joe Finances","startTime":2106.497,"endTime":2109.467,"body":"properties and they're like, ah, I don't"},{"speaker":"Average Joe Finances","startTime":2109.467,"endTime":2111.177,"body":"know if I can qualify for another loan."},{"speaker":"Average Joe Finances","startTime":2111.177,"endTime":2112.647,"body":"Or what's another way I can do this?"},{"speaker":"Average Joe Finances","startTime":2112.957,"endTime":2116.742,"body":"Being able to hear somebody else talk"},{"speaker":"Average Joe Finances","startTime":2112.957,"endTime":2116.742,"body":"about how they were able to keep buying"},{"speaker":"Average Joe Finances","startTime":2116.742,"endTime":2120.432,"body":"by doing these different creative"},{"speaker":"Average Joe Finances","startTime":2116.742,"endTime":2120.432,"body":"ways of doing it can really help."},{"speaker":"Average Joe Finances","startTime":2120.652,"endTime":2123.022,"body":"Kinda get them pushed"},{"speaker":"Average Joe Finances","startTime":2120.652,"endTime":2123.022,"body":"in the right direction."},{"speaker":"Average Joe Finances","startTime":2123.022,"endTime":2124.342,"body":"So I definitely appreciate that."},{"speaker":"Average Joe Finances","startTime":2124.732,"endTime":2129.032,"body":"But now Chris, what I'd like to do cuz"},{"speaker":"Average Joe Finances","startTime":2124.732,"endTime":2129.032,"body":"I didn't realize we, we could probably"},{"speaker":"Average Joe Finances","startTime":2129.032,"endTime":2132.182,"body":"talk about this stuff all day, but"},{"speaker":"Average Joe Finances","startTime":2129.032,"endTime":2132.182,"body":"we've been going for for a minute now."},{"speaker":"Average Joe Finances","startTime":2132.492,"endTime":2135.067,"body":"I'd like to transition this into"},{"speaker":"Average Joe Finances","startTime":2132.492,"endTime":2135.067,"body":"what I call the final round."},{"speaker":"Average Joe Finances","startTime":2135.067,"endTime":2137.527,"body":"It's where I'm gonna ask you the same"},{"speaker":"Average Joe Finances","startTime":2135.067,"endTime":2137.527,"body":"four questions I ask everybody that comes"},{"speaker":"Average Joe Finances","startTime":2137.527,"endTime":2142.437,"body":"on the show and It gets us a little bit"},{"speaker":"Average Joe Finances","startTime":2137.527,"endTime":2142.437,"body":"deeper into your mind when it comes to"},{"speaker":"Average Joe Finances","startTime":2142.437,"endTime":2146.337,"body":"some of the mistakes that you've made or"},{"speaker":"Average Joe Finances","startTime":2142.437,"endTime":2146.337,"body":"what you do when you're under pressure."},{"speaker":"Average Joe Finances","startTime":2146.342,"endTime":2148.777,"body":"So if you're ready to go"},{"speaker":"Average Joe Finances","startTime":2146.342,"endTime":2148.777,"body":"we'll get this party started."},{"speaker":"Chris Giorgi","startTime":2149.497,"endTime":2149.797,"body":"All right."},{"speaker":"Chris Giorgi","startTime":2149.802,"endTime":2150.187,"body":"Let's do it."},{"speaker":"Average Joe Finances","startTime":2150.667,"endTime":2151.627,"body":"All"},{"speaker":"Average Joe Finances","startTime":2150.667,"endTime":2151.627,"body":"right, Chris, let's do it."},{"speaker":"Average Joe Finances","startTime":2151.677,"endTime":2156.357,"body":"First question is, what is the biggest"},{"speaker":"Average Joe Finances","startTime":2151.677,"endTime":2156.357,"body":"mistake you've ever made in real estate?"},{"speaker":"Chris Giorgi","startTime":2158.047,"endTime":2162.032,"body":"I've made just about all the"},{"speaker":"Chris Giorgi","startTime":2158.047,"endTime":2162.032,"body":"mistakes, but one of the most, One of the"},{"speaker":"Chris Giorgi","startTime":2162.032,"endTime":2164.312,"body":"hardest one was on that 12 unit, right?"},{"speaker":"Chris Giorgi","startTime":2164.822,"endTime":2168.392,"body":"I told you I bought it, scraped"},{"speaker":"Chris Giorgi","startTime":2164.822,"endTime":2168.392,"body":"up enough money for the commercial"},{"speaker":"Chris Giorgi","startTime":2168.397,"endTime":2170.162,"body":"loan, but that was all I had."},{"speaker":"Chris Giorgi","startTime":2170.252,"endTime":2180.262,"body":"So I had $0 for CapEx, $0 for repairs,"},{"speaker":"Chris Giorgi","startTime":2170.252,"endTime":2180.262,"body":"$0 for paying the very first mortgage."},{"speaker":"Average Joe Finances","startTime":2180.262,"endTime":2182.362,"body":"So you were"},{"speaker":"Average Joe Finances","startTime":2180.262,"endTime":2182.362,"body":"100% leveraged at that point."},{"speaker":"Chris Giorgi","startTime":2182.887,"endTime":2183.277,"body":"Yes."},{"speaker":"Chris Giorgi","startTime":2183.277,"endTime":2183.997,"body":"I had nothing."},{"speaker":"Chris Giorgi","startTime":2183.997,"endTime":2187.337,"body":"I only had whatever was coming in from"},{"speaker":"Chris Giorgi","startTime":2183.997,"endTime":2187.337,"body":"my W2 job and then the other rentals."},{"speaker":"Chris Giorgi","startTime":2187.757,"endTime":2188.407,"body":"But they were paying for."},{"speaker":"Average Joe Finances","startTime":2188.407,"endTime":2189.307,"body":"Dangerous spot to be."},{"speaker":"Chris Giorgi","startTime":2189.877,"endTime":2192.177,"body":"Yes, and I had a"},{"speaker":"Chris Giorgi","startTime":2189.877,"endTime":2192.177,"body":"very conceptual plan in my head."},{"speaker":"Chris Giorgi","startTime":2192.177,"endTime":2192.357,"body":"Okay."},{"speaker":"Chris Giorgi","startTime":2192.367,"endTime":2195.817,"body":"I would fix up each unit"},{"speaker":"Chris Giorgi","startTime":2192.367,"endTime":2195.817,"body":"as the tenants moved out."},{"speaker":"Chris Giorgi","startTime":2195.817,"endTime":2197.227,"body":"This would take two or three years."},{"speaker":"Chris Giorgi","startTime":2197.917,"endTime":2199.777,"body":"The very first night that I owned it."},{"speaker":"Chris Giorgi","startTime":2200.137,"endTime":2204.877,"body":"The tenant started a fire in one of the"},{"speaker":"Chris Giorgi","startTime":2200.137,"endTime":2204.877,"body":"buildings and the place didn't burn down."},{"speaker":"Chris Giorgi","startTime":2205.267,"endTime":2205.597,"body":"Yeah."},{"speaker":"Chris Giorgi","startTime":2206.137,"endTime":2209.207,"body":"But the fire department came, there"},{"speaker":"Chris Giorgi","startTime":2206.137,"endTime":2209.207,"body":"was a fire, there was a closet"},{"speaker":"Chris Giorgi","startTime":2209.207,"endTime":2211.207,"body":"with four of the water heaters."},{"speaker":"Chris Giorgi","startTime":2211.597,"endTime":2215.347,"body":"They threw a pan in there or something,"},{"speaker":"Chris Giorgi","startTime":2211.597,"endTime":2215.347,"body":"and so created a lot of smoke."},{"speaker":"Chris Giorgi","startTime":2215.527,"endTime":2216.577,"body":"There was some fire."},{"speaker":"Chris Giorgi","startTime":2217.297,"endTime":2220.897,"body":"The insurance company luckily"},{"speaker":"Chris Giorgi","startTime":2217.297,"endTime":2220.897,"body":"covered a bit of it, but not."},{"speaker":"Chris Giorgi","startTime":2221.302,"endTime":2223.242,"body":"As much as what I needed for the rehabs."},{"speaker":"Chris Giorgi","startTime":2223.332,"endTime":2227.242,"body":"And so my landlord said we gotta, or"},{"speaker":"Chris Giorgi","startTime":2223.332,"endTime":2227.242,"body":"my private manager said, we gotta rehab"},{"speaker":"Chris Giorgi","startTime":2227.247,"endTime":2228.532,"body":"all four of these at the same time."},{"speaker":"Chris Giorgi","startTime":2228.592,"endTime":2229.072,"body":"And I'm like."},{"speaker":"Average Joe Finances","startTime":2229.304,"endTime":2231.009,"body":"Was"},{"speaker":"Average Joe Finances","startTime":2229.304,"endTime":2231.009,"body":"that one of the smoke damage?"},{"speaker":"Chris Giorgi","startTime":2231.379,"endTime":2232.039,"body":"The smoke damage."},{"speaker":"Average Joe Finances","startTime":2232.129,"endTime":2232.609,"body":"Oh, wow."},{"speaker":"Chris Giorgi","startTime":2233.179,"endTime":2235.514,"body":"And so at the same"},{"speaker":"Chris Giorgi","startTime":2233.179,"endTime":2235.514,"body":"time other tenants were moving out."},{"speaker":"Chris Giorgi","startTime":2236.024,"endTime":2239.109,"body":"And so I had Multiple credit"},{"speaker":"Chris Giorgi","startTime":2236.024,"endTime":2239.109,"body":"cards with that brand new LC."},{"speaker":"Chris Giorgi","startTime":2239.109,"endTime":2241.804,"body":"So I bought, obviously I bought it in the"},{"speaker":"Chris Giorgi","startTime":2239.109,"endTime":2241.804,"body":"name of LC and I had some credit cards."},{"speaker":"Chris Giorgi","startTime":2242.464,"endTime":2244.774,"body":"Those saved my life."},{"speaker":"Chris Giorgi","startTime":2244.774,"endTime":2249.334,"body":"In fact, next month will be the"},{"speaker":"Chris Giorgi","startTime":2244.774,"endTime":2249.334,"body":"first time that they're all paid off."},{"speaker":"Chris Giorgi","startTime":2249.334,"endTime":2251.134,"body":"It was like 125,000."},{"speaker":"Chris Giorgi","startTime":2251.139,"endTime":2251.194,"body":"Wow."},{"speaker":"Chris Giorgi","startTime":2251.624,"endTime":2252.674,"body":"Wow dollars."},{"speaker":"Chris Giorgi","startTime":2252.704,"endTime":2253.064,"body":"Yeah."},{"speaker":"Chris Giorgi","startTime":2253.334,"endTime":2254.804,"body":"That I had to do for rehab."},{"speaker":"Chris Giorgi","startTime":2255.434,"endTime":2259.589,"body":"This includes like the short term rentals,"},{"speaker":"Chris Giorgi","startTime":2255.434,"endTime":2259.589,"body":"furniture and furnishing and all of that."},{"speaker":"Chris Giorgi","startTime":2260.099,"endTime":2264.149,"body":"But it was a lot of money that"},{"speaker":"Chris Giorgi","startTime":2260.099,"endTime":2264.149,"body":"I didn't have at the time."},{"speaker":"Chris Giorgi","startTime":2264.669,"endTime":2266.589,"body":"And so there was some"},{"speaker":"Chris Giorgi","startTime":2264.669,"endTime":2266.589,"body":"sleepless nights there"},{"speaker":"Average Joe Finances","startTime":2266.809,"endTime":2268.884,"body":"And at a very"},{"speaker":"Average Joe Finances","startTime":2266.809,"endTime":2268.884,"body":"high interest rate too, man, credit"},{"speaker":"Average Joe Finances","startTime":2268.884,"endTime":2270.384,"body":"cards are no joke when it comes to that."},{"speaker":"Average Joe Finances","startTime":2270.594,"endTime":2273.834,"body":"Now the insurance company must have been"},{"speaker":"Average Joe Finances","startTime":2270.594,"endTime":2273.834,"body":"like, dude, you've had this thing one day."},{"speaker":"Average Joe Finances","startTime":2273.834,"endTime":2274.374,"body":"What is going on?"},{"speaker":"Chris Giorgi","startTime":2275.724,"endTime":2278.324,"body":"They were but luckily it's"},{"speaker":"Chris Giorgi","startTime":2275.724,"endTime":2278.324,"body":"the same insurance company that I was"},{"speaker":"Chris Giorgi","startTime":2278.324,"endTime":2279.944,"body":"using for all the rest of my properties."},{"speaker":"Chris Giorgi","startTime":2280.124,"endTime":2280.304,"body":"And okay."},{"speaker":"Chris Giorgi","startTime":2280.544,"endTime":2280.874,"body":"Right on."},{"speaker":"Chris Giorgi","startTime":2280.874,"endTime":2284.124,"body":"It's not like I was their,"},{"speaker":"Chris Giorgi","startTime":2280.874,"endTime":2284.124,"body":"I was a first time customer."},{"speaker":"Chris Giorgi","startTime":2284.129,"endTime":2286.974,"body":"I had, I used them for just"},{"speaker":"Chris Giorgi","startTime":2284.129,"endTime":2286.974,"body":"about everything else, and so"},{"speaker":"Chris Giorgi","startTime":2287.274,"endTime":2288.384,"body":"I never had a claim before."},{"speaker":"Chris Giorgi","startTime":2289.484,"endTime":2291.469,"body":"I don't think they were happy about"},{"speaker":"Chris Giorgi","startTime":2289.484,"endTime":2291.469,"body":"it, they raised my rates the next"},{"speaker":"Chris Giorgi","startTime":2291.469,"endTime":2292.519,"body":"year, but there's nothing I can do."},{"speaker":"Chris Giorgi","startTime":2292.579,"endTime":2295.429,"body":"I really wanted to hurt those tenants."},{"speaker":"Average Joe Finances","startTime":2296.639,"endTime":2296.929,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2296.934,"endTime":2297.229,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2297.279,"endTime":2300.869,"body":"Sometimes people don't care about"},{"speaker":"Average Joe Finances","startTime":2297.279,"endTime":2300.869,"body":"things if That they don't own, right?"},{"speaker":"Average Joe Finances","startTime":2300.919,"endTime":2301.039,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2301.039,"endTime":2303.529,"body":"It's just, it is just, it"},{"speaker":"Average Joe Finances","startTime":2301.039,"endTime":2303.529,"body":"comes with territory, right?"},{"speaker":"Average Joe Finances","startTime":2303.529,"endTime":2305.869,"body":"Depending on the quality tenants"},{"speaker":"Average Joe Finances","startTime":2303.529,"endTime":2305.869,"body":"that you have and everything, which"},{"speaker":"Average Joe Finances","startTime":2305.869,"endTime":2308.569,"body":"you have no control over, that"},{"speaker":"Average Joe Finances","startTime":2305.869,"endTime":2308.569,"body":"when you're buying an asset that"},{"speaker":"Average Joe Finances","startTime":2308.569,"endTime":2309.829,"body":"already has tenants in place, right?"},{"speaker":"Average Joe Finances","startTime":2309.829,"endTime":2311.809,"body":"You have no control over who, right?"},{"speaker":"Average Joe Finances","startTime":2311.814,"endTime":2315.509,"body":"Who's living there and you had no"},{"speaker":"Average Joe Finances","startTime":2311.814,"endTime":2315.509,"body":"way to screen them or vet them."},{"speaker":"Average Joe Finances","startTime":2315.849,"endTime":2317.799,"body":"Yeah, you can expect"},{"speaker":"Average Joe Finances","startTime":2315.849,"endTime":2317.799,"body":"things like that to happen."},{"speaker":"Average Joe Finances","startTime":2317.799,"endTime":2322.524,"body":"So it sucks, but obviously you"},{"speaker":"Average Joe Finances","startTime":2317.799,"endTime":2322.524,"body":"made it past it and now have all of"},{"speaker":"Average Joe Finances","startTime":2322.524,"endTime":2324.324,"body":"that paid off, which is fantastic."},{"speaker":"Average Joe Finances","startTime":2324.324,"endTime":2325.704,"body":"So congratulations on that, man."},{"speaker":"Average Joe Finances","startTime":2325.704,"endTime":2326.274,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":2326.274,"endTime":2326.664,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":2327.034,"endTime":2330.094,"body":"Okay, so the next question, Chris,"},{"speaker":"Average Joe Finances","startTime":2327.034,"endTime":2330.094,"body":"ties into this last one, they all"},{"speaker":"Average Joe Finances","startTime":2330.094,"endTime":2334.464,"body":"tie into each other, but is what is"},{"speaker":"Average Joe Finances","startTime":2330.094,"endTime":2334.464,"body":"something that you've learned that you"},{"speaker":"Average Joe Finances","startTime":2334.464,"endTime":2336.294,"body":"wish you knew when you first started?"},{"speaker":"Chris Giorgi","startTime":2338.364,"endTime":2338.784,"body":"Two things."},{"speaker":"Chris Giorgi","startTime":2338.784,"endTime":2343.044,"body":"One is a mentor, and I know you're"},{"speaker":"Chris Giorgi","startTime":2338.784,"endTime":2343.044,"body":"big on mentors and coaching."},{"speaker":"Chris Giorgi","startTime":2343.854,"endTime":2348.364,"body":"I wrestle with should I buy or"},{"speaker":"Chris Giorgi","startTime":2343.854,"endTime":2348.364,"body":"should I pay for a full-time"},{"speaker":"Chris Giorgi","startTime":2348.364,"endTime":2350.044,"body":"mentor or full-time coach?"},{"speaker":"Chris Giorgi","startTime":2350.704,"endTime":2356.584,"body":"What I've settled on is, I found a few"},{"speaker":"Chris Giorgi","startTime":2350.704,"endTime":2356.584,"body":"people, podcasters like yourself, but"},{"speaker":"Chris Giorgi","startTime":2356.589,"endTime":2360.894,"body":"other guys who are doing the same thing"},{"speaker":"Chris Giorgi","startTime":2356.589,"endTime":2360.894,"body":"or have done the same thing that I've"},{"speaker":"Chris Giorgi","startTime":2360.894,"endTime":2362.094,"body":"done, and I just reached out to them."},{"speaker":"Chris Giorgi","startTime":2362.094,"endTime":2368.799,"body":"I said, Hey, Do you do offer any coaching"},{"speaker":"Chris Giorgi","startTime":2362.094,"endTime":2368.799,"body":"or offer any pay for mentoring services?"},{"speaker":"Chris Giorgi","startTime":2368.799,"endTime":2372.159,"body":"And they actually said, the one guy who"},{"speaker":"Chris Giorgi","startTime":2368.799,"endTime":2372.159,"body":"I've used multiple times, he's yeah, I"},{"speaker":"Chris Giorgi","startTime":2372.159,"endTime":2373.659,"body":"charge one 50 an hour, blah, blah, blah."},{"speaker":"Chris Giorgi","startTime":2373.659,"endTime":2377.139,"body":"And I was like, shit,"},{"speaker":"Chris Giorgi","startTime":2373.659,"endTime":2377.139,"body":"that's, I can afford that."},{"speaker":"Chris Giorgi","startTime":2378.669,"endTime":2383.314,"body":"As opposed to, I don't know how much I"},{"speaker":"Chris Giorgi","startTime":2378.669,"endTime":2383.314,"body":"thousands of dollars for longer term ones."},{"speaker":"Chris Giorgi","startTime":2383.884,"endTime":2385.324,"body":"Myself, I pride myself on."},{"speaker":"Chris Giorgi","startTime":2386.284,"endTime":2389.704,"body":"Doing the research, doing as much as"},{"speaker":"Chris Giorgi","startTime":2386.284,"endTime":2389.704,"body":"I can, trying to educate myself, not"},{"speaker":"Chris Giorgi","startTime":2389.704,"endTime":2391.564,"body":"just going, Hey, will you mentor me?"},{"speaker":"Chris Giorgi","startTime":2391.594,"endTime":2392.734,"body":"Will you teach me everything?"},{"speaker":"Chris Giorgi","startTime":2392.794,"endTime":2393.304,"body":"I'm like, no."},{"speaker":"Chris Giorgi","startTime":2393.364,"endTime":2395.194,"body":"I'm gonna figure out as much as I can."},{"speaker":"Chris Giorgi","startTime":2395.194,"endTime":2398.564,"body":"And when I get stuck, or if I'm trying"},{"speaker":"Chris Giorgi","startTime":2395.194,"endTime":2398.564,"body":"to make a very strategic situation like"},{"speaker":"Chris Giorgi","startTime":2398.564,"endTime":2401.314,"body":"I did last year when I was deciding if"},{"speaker":"Chris Giorgi","startTime":2398.564,"endTime":2401.314,"body":"I should sell these four properties."},{"speaker":"Chris Giorgi","startTime":2402.494,"endTime":2403.274,"body":"I did all the math."},{"speaker":"Chris Giorgi","startTime":2403.324,"endTime":2407.164,"body":"I had the calculations, and then about"},{"speaker":"Chris Giorgi","startTime":2403.324,"endTime":2407.164,"body":"an hour of the guy's time and he looked"},{"speaker":"Chris Giorgi","startTime":2407.164,"endTime":2408.784,"body":"at it and we walked through for an hour."},{"speaker":"Chris Giorgi","startTime":2409.954,"endTime":2411.064,"body":"And that really helped me."},{"speaker":"Chris Giorgi","startTime":2411.064,"endTime":2413.584,"body":"It gave me a lot of clarity"},{"speaker":"Chris Giorgi","startTime":2411.064,"endTime":2413.584,"body":"and I was able to make a better"},{"speaker":"Chris Giorgi","startTime":2413.584,"endTime":2415.534,"body":"informed decision right after that."},{"speaker":"Chris Giorgi","startTime":2416.164,"endTime":2419.219,"body":"And you don't have to buy a"},{"speaker":"Chris Giorgi","startTime":2416.164,"endTime":2419.219,"body":"full-time coach or full-time mentor."},{"speaker":"Chris Giorgi","startTime":2419.639,"endTime":2423.089,"body":"You can do it for a lot"},{"speaker":"Chris Giorgi","startTime":2419.639,"endTime":2423.089,"body":"cheaper, but it is worth it."},{"speaker":"Average Joe Finances","startTime":2423.419,"endTime":2424.829,"body":"Yeah, man."},{"speaker":"Average Joe Finances","startTime":2424.829,"endTime":2427.049,"body":"I think at this point you could"},{"speaker":"Average Joe Finances","startTime":2424.829,"endTime":2427.049,"body":"probably start coaching people,"},{"speaker":"Average Joe Finances","startTime":2427.049,"endTime":2429.499,"body":"especially with all the experience that"},{"speaker":"Average Joe Finances","startTime":2427.049,"endTime":2429.499,"body":"you've had, that's that's good stuff."},{"speaker":"Chris Giorgi","startTime":2429.499,"endTime":2430.099,"body":"I've been thinking about it."},{"speaker":"Average Joe Finances","startTime":2430.609,"endTime":2430.909,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2431.299,"endTime":2432.089,"body":"No, awesome man."},{"speaker":"Average Joe Finances","startTime":2432.359,"endTime":2435.479,"body":"Or even make a course or something"},{"speaker":"Average Joe Finances","startTime":2432.359,"endTime":2435.479,"body":"that, you know, that you can go over,"},{"speaker":"Average Joe Finances","startTime":2435.484,"endTime":2437.149,"body":"Hey here's how to invest from overseas."},{"speaker":"Average Joe Finances","startTime":2437.149,"endTime":2440.509,"body":"Cuz I don't think I, you don't see"},{"speaker":"Average Joe Finances","startTime":2437.149,"endTime":2440.509,"body":"too much of that out there actually,"},{"speaker":"Average Joe Finances","startTime":2440.509,"endTime":2443.989,"body":"and that's why I think you should"},{"speaker":"Average Joe Finances","startTime":2440.509,"endTime":2443.989,"body":"start a podcast or have a course"},{"speaker":"Average Joe Finances","startTime":2443.994,"endTime":2445.039,"body":"or start coaching or something."},{"speaker":"Average Joe Finances","startTime":2445.039,"endTime":2447.069,"body":"I think you've you'll really"},{"speaker":"Average Joe Finances","startTime":2445.039,"endTime":2447.069,"body":"have something there because"},{"speaker":"Average Joe Finances","startTime":2447.069,"endTime":2448.059,"body":"there's a market for that."},{"speaker":"Average Joe Finances","startTime":2448.059,"endTime":2450.699,"body":"There are a lot of Americans"},{"speaker":"Average Joe Finances","startTime":2448.059,"endTime":2450.699,"body":"that live overseas that like"},{"speaker":"Average Joe Finances","startTime":2450.699,"endTime":2451.869,"body":"to invest back in the states."},{"speaker":"Average Joe Finances","startTime":2452.169,"endTime":2453.639,"body":"I know a guy in Japan that does it."},{"speaker":"Average Joe Finances","startTime":2454.189,"endTime":2455.959,"body":"And it's very it's a very big thing."},{"speaker":"Average Joe Finances","startTime":2455.959,"endTime":2459.619,"body":"And there are other people that he"},{"speaker":"Average Joe Finances","startTime":2455.959,"endTime":2459.619,"body":"talks to that wanna do it, but they're"},{"speaker":"Average Joe Finances","startTime":2459.619,"endTime":2460.939,"body":"not quite sure how to do it right."},{"speaker":"Average Joe Finances","startTime":2461.179,"endTime":2462.739,"body":"And he's trying to help them"},{"speaker":"Average Joe Finances","startTime":2461.179,"endTime":2462.739,"body":"out and stuff like that."},{"speaker":"Average Joe Finances","startTime":2462.739,"endTime":2466.039,"body":"So I know that there's a market"},{"speaker":"Average Joe Finances","startTime":2462.739,"endTime":2466.039,"body":"for that, and I think you'll really"},{"speaker":"Average Joe Finances","startTime":2466.044,"endTime":2469.129,"body":"be able to make a positive impact"},{"speaker":"Average Joe Finances","startTime":2466.044,"endTime":2469.129,"body":"for a lot of people overseas."},{"speaker":"Average Joe Finances","startTime":2469.129,"endTime":2469.429,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2469.819,"endTime":2470.479,"body":"Next question."},{"speaker":"Average Joe Finances","startTime":2470.869,"endTime":2473.839,"body":"Do you have any tips or tricks"},{"speaker":"Average Joe Finances","startTime":2470.869,"endTime":2473.839,"body":"that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":2473.839,"endTime":2475.429,"body":"that is just getting started today?"},{"speaker":"Average Joe Finances","startTime":2475.429,"endTime":2480.529,"body":"And we'll say somebody that is overseas"},{"speaker":"Average Joe Finances","startTime":2475.429,"endTime":2480.529,"body":"starting to invest in real estate today?"},{"speaker":"Chris Giorgi","startTime":2482.729,"endTime":2486.519,"body":"So the, so this one's"},{"speaker":"Chris Giorgi","startTime":2482.729,"endTime":2486.519,"body":"not for a brand new person, right?"},{"speaker":"Chris Giorgi","startTime":2486.519,"endTime":2487.869,"body":"But maybe within a year or two."},{"speaker":"Chris Giorgi","startTime":2488.529,"endTime":2491.559,"body":"It's understanding the concept"},{"speaker":"Chris Giorgi","startTime":2488.529,"endTime":2491.559,"body":"of the velocity of money."},{"speaker":"Chris Giorgi","startTime":2491.739,"endTime":2494.499,"body":"And so we talked about this a little"},{"speaker":"Chris Giorgi","startTime":2491.739,"endTime":2494.499,"body":"bit, but we haven't used those terms."},{"speaker":"Chris Giorgi","startTime":2494.949,"endTime":2497.749,"body":"And that's about, how fast"},{"speaker":"Chris Giorgi","startTime":2494.949,"endTime":2497.749,"body":"can you get your money back?"},{"speaker":"Chris Giorgi","startTime":2497.749,"endTime":2500.749,"body":"How fast can you get the ROI"},{"speaker":"Chris Giorgi","startTime":2497.749,"endTime":2500.749,"body":"back, and then made that money"},{"speaker":"Chris Giorgi","startTime":2500.749,"endTime":2502.039,"body":"invest it somewhere else."},{"speaker":"Chris Giorgi","startTime":2502.489,"endTime":2507.499,"body":"And so what I did, I don't know if"},{"speaker":"Chris Giorgi","startTime":2502.489,"endTime":2507.499,"body":"you've heard of Keith Weinhold with"},{"speaker":"Chris Giorgi","startTime":2507.709,"endTime":2512.689,"body":"Get Rich Education, big podcaster,"},{"speaker":"Chris Giorgi","startTime":2507.709,"endTime":2512.689,"body":"big on economics, big on real estate."},{"speaker":"Chris Giorgi","startTime":2513.289,"endTime":2516.409,"body":"He always, almost every podcast"},{"speaker":"Chris Giorgi","startTime":2513.289,"endTime":2516.409,"body":"he was like, return on equity is"},{"speaker":"Chris Giorgi","startTime":2516.409,"endTime":2518.029,"body":"zero, return on equity is zero."},{"speaker":"Chris Giorgi","startTime":2518.149,"endTime":2522.284,"body":"And I didn't understand it for a year"},{"speaker":"Chris Giorgi","startTime":2518.149,"endTime":2522.284,"body":"and until finally another guy that I was"},{"speaker":"Chris Giorgi","startTime":2522.289,"endTime":2524.234,"body":"listening to, he mentioned the same thing."},{"speaker":"Chris Giorgi","startTime":2524.624,"endTime":2529.759,"body":"And so I got on Google, did some more"},{"speaker":"Chris Giorgi","startTime":2524.624,"endTime":2529.759,"body":"researching and then, we all have, as."},{"speaker":"Chris Giorgi","startTime":2530.404,"endTime":2533.674,"body":"As real estate guys, we all have an"},{"speaker":"Chris Giorgi","startTime":2530.404,"endTime":2533.674,"body":"Excel sheet, and so I have one with"},{"speaker":"Chris Giorgi","startTime":2533.674,"endTime":2537.184,"body":"all my numbers on there, but I didn't"},{"speaker":"Chris Giorgi","startTime":2533.674,"endTime":2537.184,"body":"have the return on equity on there,"},{"speaker":"Chris Giorgi","startTime":2537.664,"endTime":2541.954,"body":"and some of my properties were fully"},{"speaker":"Chris Giorgi","startTime":2537.664,"endTime":2541.954,"body":"paid off, but, they were condos and"},{"speaker":"Chris Giorgi","startTime":2541.954,"endTime":2543.304,"body":"they weren't pulling that much money."},{"speaker":"Chris Giorgi","startTime":2543.334,"endTime":2545.439,"body":"And so some of the return on equity is 3%."},{"speaker":"Chris Giorgi","startTime":2546.069,"endTime":2551.199,"body":"And so what that meant was I'm only making"},{"speaker":"Chris Giorgi","startTime":2546.069,"endTime":2551.199,"body":"3% on what I have invested in there."},{"speaker":"Chris Giorgi","startTime":2551.229,"endTime":2557.034,"body":"So if I have $80,000 and it's making"},{"speaker":"Chris Giorgi","startTime":2551.229,"endTime":2557.034,"body":"3000 a year, After everything."},{"speaker":"Chris Giorgi","startTime":2557.054,"endTime":2560.599,"body":"I think it comes out to"},{"speaker":"Chris Giorgi","startTime":2557.054,"endTime":2560.599,"body":"about a little less than 3%."},{"speaker":"Chris Giorgi","startTime":2561.449,"endTime":2566.639,"body":"So what I did was I did all the"},{"speaker":"Chris Giorgi","startTime":2561.449,"endTime":2566.639,"body":"cash out refis of those and then,"},{"speaker":"Chris Giorgi","startTime":2566.879,"endTime":2569.629,"body":"I was listening to a few podcasts a"},{"speaker":"Chris Giorgi","startTime":2566.879,"endTime":2569.629,"body":"while ago and they said, never sell."},{"speaker":"Chris Giorgi","startTime":2569.634,"endTime":2571.699,"body":"So I was pretty dogmatic about that."},{"speaker":"Chris Giorgi","startTime":2571.699,"endTime":2576.079,"body":"Never selling, but then I started actually"},{"speaker":"Chris Giorgi","startTime":2571.699,"endTime":2576.079,"body":"doing more math than just what's my"},{"speaker":"Chris Giorgi","startTime":2576.109,"endTime":2578.779,"body":"cash flow and selling the properties."},{"speaker":"Chris Giorgi","startTime":2579.059,"endTime":2582.749,"body":"I looked at it and it was, it"},{"speaker":"Chris Giorgi","startTime":2579.059,"endTime":2582.749,"body":"would take me 10 years to make."},{"speaker":"Chris Giorgi","startTime":2583.574,"endTime":2585.134,"body":"What I would make if I sold it."},{"speaker":"Chris Giorgi","startTime":2585.494,"endTime":2589.244,"body":"And so the cash I would get"},{"speaker":"Chris Giorgi","startTime":2585.494,"endTime":2589.244,"body":"selling it, say it was a hundred"},{"speaker":"Chris Giorgi","startTime":2589.244,"endTime":2593.144,"body":"thousand, it would take 10 years"},{"speaker":"Chris Giorgi","startTime":2589.244,"endTime":2593.144,"body":"to make that in monthly cash flow."},{"speaker":"Chris Giorgi","startTime":2593.624,"endTime":2595.214,"body":"So then from there you'd"},{"speaker":"Chris Giorgi","startTime":2593.624,"endTime":2595.214,"body":"do like another formula."},{"speaker":"Chris Giorgi","startTime":2595.214,"endTime":2599.804,"body":"Okay, if I invest this into a syndication,"},{"speaker":"Chris Giorgi","startTime":2595.214,"endTime":2599.804,"body":"I could two x it in five years and"},{"speaker":"Chris Giorgi","startTime":2599.809,"endTime":2601.214,"body":"then I could, yeah, two x that."},{"speaker":"Chris Giorgi","startTime":2601.274,"endTime":2603.254,"body":"So four x it, and the amount of time."},{"speaker":"Chris Giorgi","startTime":2603.254,"endTime":2605.414,"body":"And so it just didn't make"},{"speaker":"Chris Giorgi","startTime":2603.254,"endTime":2605.414,"body":"sense to keep some of these."},{"speaker":"Chris Giorgi","startTime":2606.014,"endTime":2610.094,"body":"So understand the velocity of"},{"speaker":"Chris Giorgi","startTime":2606.014,"endTime":2610.094,"body":"money, understand some of the."},{"speaker":"Chris Giorgi","startTime":2610.859,"endTime":2615.679,"body":"Other calculations other than just, Hey,"},{"speaker":"Chris Giorgi","startTime":2610.859,"endTime":2615.679,"body":"what's my ROI and what's my cashflow?"},{"speaker":"Average Joe Finances","startTime":2616.579,"endTime":2617.989,"body":"Yeah, no that's fantastic."},{"speaker":"Average Joe Finances","startTime":2617.989,"endTime":2620.689,"body":"That's great advice too for any,"},{"speaker":"Average Joe Finances","startTime":2617.989,"endTime":2620.689,"body":"anybody here that's listening."},{"speaker":"Average Joe Finances","startTime":2621.119,"endTime":2625.349,"body":"Understanding what that return's"},{"speaker":"Average Joe Finances","startTime":2621.119,"endTime":2625.349,"body":"gonna look like over that time period,"},{"speaker":"Average Joe Finances","startTime":2625.859,"endTime":2628.079,"body":"holding the property versus selling now."},{"speaker":"Average Joe Finances","startTime":2628.459,"endTime":2629.479,"body":"Yeah that's really great, man."},{"speaker":"Average Joe Finances","startTime":2629.529,"endTime":2630.309,"body":"Appreciate that Chris."},{"speaker":"Average Joe Finances","startTime":2630.969,"endTime":2631.419,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2632.154,"endTime":2633.744,"body":"Final question of the final round."},{"speaker":"Average Joe Finances","startTime":2633.964,"endTime":2636.034,"body":"It is not like the other questions."},{"speaker":"Average Joe Finances","startTime":2636.034,"endTime":2638.164,"body":"This is more of an opinion based question."},{"speaker":"Average Joe Finances","startTime":2638.624,"endTime":2640.664,"body":"But you've already named the"},{"speaker":"Average Joe Finances","startTime":2638.624,"endTime":2640.664,"body":"Purple Book, so I'm gonna ask you"},{"speaker":"Average Joe Finances","startTime":2640.664,"endTime":2641.864,"body":"not to name that one this time."},{"speaker":"Average Joe Finances","startTime":2641.864,"endTime":2645.504,"body":"But do you have a favorite"},{"speaker":"Average Joe Finances","startTime":2641.864,"endTime":2645.504,"body":"business investing or real estate"},{"speaker":"Average Joe Finances","startTime":2645.504,"endTime":2647.814,"body":"related book or podcast or both?"},{"speaker":"Chris Giorgi","startTime":2649.374,"endTime":2650.424,"body":"So I have both."},{"speaker":"Chris Giorgi","startTime":2650.844,"endTime":2656.174,"body":"So I'm gonna recommend Travis Watts"},{"speaker":"Chris Giorgi","startTime":2650.844,"endTime":2656.174,"body":"with the Best Ever Real Estate podcast."},{"speaker":"Chris Giorgi","startTime":2656.894,"endTime":2660.044,"body":"And Keith Weinhold on Get Rich Education."},{"speaker":"Chris Giorgi","startTime":2660.044,"endTime":2661.004,"body":"Both of those guys."},{"speaker":"Chris Giorgi","startTime":2661.484,"endTime":2663.554,"body":"Phenomenal value for"},{"speaker":"Chris Giorgi","startTime":2661.484,"endTime":2663.554,"body":"real estate investors."},{"speaker":"Chris Giorgi","startTime":2664.184,"endTime":2667.184,"body":"And then for the book,"},{"speaker":"Chris Giorgi","startTime":2664.184,"endTime":2667.184,"body":"this is one you never had."},{"speaker":"Chris Giorgi","startTime":2668.114,"endTime":2669.794,"body":"And of course my screen"},{"speaker":"Chris Giorgi","startTime":2668.114,"endTime":2669.794,"body":"goes out at the same time."},{"speaker":"Chris Giorgi","startTime":2670.244,"endTime":2670.844,"body":"Hold on one second."},{"speaker":"Chris Giorgi","startTime":2671.204,"endTime":2673.304,"body":"It's called Grandpa's Fortune Fables."},{"speaker":"Chris Giorgi","startTime":2673.574,"endTime":2675.984,"body":"It's by Will Rainey."},{"speaker":"Average Joe Finances","startTime":2676.284,"endTime":2677.934,"body":"I have"},{"speaker":"Average Joe Finances","startTime":2676.284,"endTime":2677.934,"body":"had that on here before."},{"speaker":"Average Joe Finances","startTime":2677.934,"endTime":2679.764,"body":"Cause I've had Will Rainey on the podcast."},{"speaker":"Chris Giorgi","startTime":2679.764,"endTime":2680.094,"body":"Yes."},{"speaker":"Chris Giorgi","startTime":2680.154,"endTime":2681.504,"body":"That you're where I got him from."},{"speaker":"Average Joe Finances","startTime":2682.314,"endTime":2682.614,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2682.619,"endTime":2686.574,"body":"Oh, have you ever My kids"},{"speaker":"Average Joe Finances","startTime":2682.619,"endTime":2686.574,"body":"absolutely loved that book."},{"speaker":"Average Joe Finances","startTime":2686.674,"endTime":2689.764,"body":"I think every parent should"},{"speaker":"Average Joe Finances","startTime":2686.674,"endTime":2689.764,"body":"get that book for their kids."},{"speaker":"Average Joe Finances","startTime":2690.124,"endTime":2690.664,"body":"A hundred percent."},{"speaker":"Chris Giorgi","startTime":2690.664,"endTime":2691.229,"body":"I'm reading it."},{"speaker":"Chris Giorgi","startTime":2691.229,"endTime":2695.219,"body":"I've read it to my oldest daughter,"},{"speaker":"Chris Giorgi","startTime":2691.229,"endTime":2695.219,"body":"and I'm on like chapter six with"},{"speaker":"Chris Giorgi","startTime":2695.219,"endTime":2698.609,"body":"my younger daughter, and every"},{"speaker":"Chris Giorgi","startTime":2695.219,"endTime":2698.609,"body":"night she's daddy, let's read it."},{"speaker":"Chris Giorgi","startTime":2698.679,"endTime":2699.369,"body":"It's time to read it."},{"speaker":"Chris Giorgi","startTime":2699.459,"endTime":2704.389,"body":"And so you could just see in their minds,"},{"speaker":"Chris Giorgi","startTime":2699.459,"endTime":2704.389,"body":"like the seeds are being planted on how to"},{"speaker":"Chris Giorgi","startTime":2704.389,"endTime":2706.729,"body":"invest in different ways to look at money."},{"speaker":"Average Joe Finances","startTime":2707.099,"endTime":2707.609,"body":"It's amazing."},{"speaker":"Average Joe Finances","startTime":2707.609,"endTime":2708.689,"body":"Yeah, a hundred percent."},{"speaker":"Average Joe Finances","startTime":2708.989,"endTime":2709.199,"body":"There."},{"speaker":"Average Joe Finances","startTime":2709.204,"endTime":2712.889,"body":"There's two books, two children's"},{"speaker":"Average Joe Finances","startTime":2709.204,"endTime":2712.889,"body":"books that I will always recommend."},{"speaker":"Average Joe Finances","startTime":2712.919,"endTime":2713.729,"body":"That's one of 'em."},{"speaker":"Average Joe Finances","startTime":2714.059,"endTime":2716.879,"body":"And the other one is how to turn a"},{"speaker":"Average Joe Finances","startTime":2714.059,"endTime":2716.879,"body":"hundred dollars into a Million Dollars."},{"speaker":"Average Joe Finances","startTime":2717.779,"endTime":2721.979,"body":"Both fantastic reads because that one's"},{"speaker":"Average Joe Finances","startTime":2717.779,"endTime":2721.979,"body":"more for maybe like tweens and teens."},{"speaker":"Average Joe Finances","startTime":2722.489,"endTime":2725.189,"body":"But it explains compound"},{"speaker":"Average Joe Finances","startTime":2722.489,"endTime":2725.189,"body":"interest a little bit better."},{"speaker":"Average Joe Finances","startTime":2725.429,"endTime":2730.379,"body":"But the grandpa's fortune fables is"},{"speaker":"Average Joe Finances","startTime":2725.429,"endTime":2730.379,"body":"more of, to me, when I had Will on"},{"speaker":"Average Joe Finances","startTime":2730.379,"endTime":2734.639,"body":"the podcast and we talked about it, I"},{"speaker":"Average Joe Finances","startTime":2730.379,"endTime":2734.639,"body":"told him, I said, this feels like it's"},{"speaker":"Average Joe Finances","startTime":2734.639,"endTime":2736.499,"body":"the richest man in Babylon for kids."},{"speaker":"Average Joe Finances","startTime":2736.599,"endTime":2738.939,"body":"That's what it felt like to me"},{"speaker":"Average Joe Finances","startTime":2736.599,"endTime":2738.939,"body":"when I read through the book."},{"speaker":"Average Joe Finances","startTime":2739.239,"endTime":2742.809,"body":"And then of course my wife was reading it"},{"speaker":"Average Joe Finances","startTime":2739.239,"endTime":2742.809,"body":"to the kids and they absolutely loved it."},{"speaker":"Average Joe Finances","startTime":2742.809,"endTime":2743.709,"body":"They thought it was fun."},{"speaker":"Average Joe Finances","startTime":2744.399,"endTime":2748.114,"body":"And they really understood the"},{"speaker":"Average Joe Finances","startTime":2744.399,"endTime":2748.114,"body":"concepts and I really liked that"},{"speaker":"Average Joe Finances","startTime":2748.564,"endTime":2753.174,"body":"it was a fun and easy read for"},{"speaker":"Average Joe Finances","startTime":2748.564,"endTime":2753.174,"body":"them that taught them so much."},{"speaker":"Average Joe Finances","startTime":2753.894,"endTime":2756.204,"body":"That's, no, I appreciate you"},{"speaker":"Average Joe Finances","startTime":2753.894,"endTime":2756.204,"body":"you bringing that book up, man."},{"speaker":"Average Joe Finances","startTime":2756.204,"endTime":2756.829,"body":"That's awesome."},{"speaker":"Chris Giorgi","startTime":2757.774,"endTime":2760.654,"body":"I wasn't sure, but I thought"},{"speaker":"Chris Giorgi","startTime":2757.774,"endTime":2760.654,"body":"I might have heard him from your podcast."},{"speaker":"Average Joe Finances","startTime":2761.254,"endTime":2761.464,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":2761.524,"endTime":2764.094,"body":"Yeah, no, yeah, I had will on"},{"speaker":"Average Joe Finances","startTime":2761.524,"endTime":2764.094,"body":"that, that was a great interview."},{"speaker":"Average Joe Finances","startTime":2764.344,"endTime":2765.904,"body":"Just like this was a great interview."},{"speaker":"Average Joe Finances","startTime":2765.904,"endTime":2770.549,"body":"And Chris, I just wanna say again, thank"},{"speaker":"Average Joe Finances","startTime":2765.904,"endTime":2770.549,"body":"you so much because you provided so much"},{"speaker":"Average Joe Finances","startTime":2770.554,"endTime":2772.809,"body":"value to, to my listeners here today."},{"speaker":"Average Joe Finances","startTime":2773.229,"endTime":2776.019,"body":"And with that being said, I do"},{"speaker":"Average Joe Finances","startTime":2773.229,"endTime":2776.019,"body":"have one more question for you."},{"speaker":"Average Joe Finances","startTime":2776.019,"endTime":2780.589,"body":"And this is the most important question"},{"speaker":"Average Joe Finances","startTime":2776.019,"endTime":2780.589,"body":"of all, because, there might be some"},{"speaker":"Average Joe Finances","startTime":2780.589,"endTime":2784.234,"body":"people listening to this episode right"},{"speaker":"Average Joe Finances","startTime":2780.589,"endTime":2784.234,"body":"now that are saying, I wanna learn"},{"speaker":"Average Joe Finances","startTime":2784.234,"endTime":2788.734,"body":"how to invest from overseas cuz I live"},{"speaker":"Average Joe Finances","startTime":2784.234,"endTime":2788.734,"body":"overseas and I listen to the Average Joe"},{"speaker":"Average Joe Finances","startTime":2788.734,"endTime":2794.284,"body":"Finances podcast from overseas because"},{"speaker":"Average Joe Finances","startTime":2788.734,"endTime":2794.284,"body":"it's so awesome and I wanna know how,"},{"speaker":"Average Joe Finances","startTime":2794.944,"endTime":2797.404,"body":"where I could find more information"},{"speaker":"Average Joe Finances","startTime":2794.944,"endTime":2797.404,"body":"about Chris and how he does this."},{"speaker":"Average Joe Finances","startTime":2797.674,"endTime":2800.824,"body":"So do you have a website or"},{"speaker":"Average Joe Finances","startTime":2797.674,"endTime":2800.824,"body":"social media, anything like that"},{"speaker":"Average Joe Finances","startTime":2800.829,"endTime":2801.784,"body":"you could share with us today?"},{"speaker":"Chris Giorgi","startTime":2802.834,"endTime":2804.394,"body":"So I'm"},{"speaker":"Chris Giorgi","startTime":2802.834,"endTime":2804.394,"body":"pretty at linkedIn it."},{"speaker":"Chris Giorgi","startTime":2804.394,"endTime":2808.474,"body":"So if you just look me up there,"},{"speaker":"Chris Giorgi","startTime":2804.394,"endTime":2808.474,"body":"I'm also on Facebook, but I'm pretty"},{"speaker":"Chris Giorgi","startTime":2808.474,"endTime":2812.774,"body":"active on, on LinkedIn and I respond"},{"speaker":"Chris Giorgi","startTime":2808.474,"endTime":2812.774,"body":"to every DM if you send me something."},{"speaker":"Average Joe Finances","startTime":2813.794,"endTime":2814.724,"body":"Okay, perfect."},{"speaker":"Average Joe Finances","startTime":2814.724,"endTime":2819.794,"body":"So Chris, I'll make sure I have your"},{"speaker":"Average Joe Finances","startTime":2814.724,"endTime":2819.794,"body":"LinkedIn put in the show notes to make"},{"speaker":"Average Joe Finances","startTime":2819.794,"endTime":2821.324,"body":"it easier for everybody to find you."},{"speaker":"Average Joe Finances","startTime":2821.574,"endTime":2824.394,"body":"Hey, my listeners, just copy"},{"speaker":"Average Joe Finances","startTime":2821.574,"endTime":2824.394,"body":"and paste or click away."},{"speaker":"Average Joe Finances","startTime":2824.394,"endTime":2825.834,"body":"Just don't do it while you're driving."},{"speaker":"Average Joe Finances","startTime":2826.264,"endTime":2828.364,"body":"Again, Chris, thank you so much man."},{"speaker":"Average Joe Finances","startTime":2828.364,"endTime":2829.474,"body":"This was fantastic."},{"speaker":"Average Joe Finances","startTime":2829.504,"endTime":2830.404,"body":"A lot of value."},{"speaker":"Average Joe Finances","startTime":2831.214,"endTime":2834.584,"body":"I enjoyed our conversation especially"},{"speaker":"Average Joe Finances","startTime":2831.214,"endTime":2834.584,"body":"talking with another veteran."},{"speaker":"Average Joe Finances","startTime":2834.584,"endTime":2836.084,"body":"That's doing amazing things, man."},{"speaker":"Average Joe Finances","startTime":2836.324,"endTime":2838.064,"body":"I just wanna say great work."},{"speaker":"Average Joe Finances","startTime":2838.374,"endTime":2842.814,"body":"And you know what another thing I wanna"},{"speaker":"Average Joe Finances","startTime":2838.374,"endTime":2842.814,"body":"point out too is that, a lot of times"},{"speaker":"Average Joe Finances","startTime":2842.814,"endTime":2850.119,"body":"people in our space, Lose sight of their"},{"speaker":"Average Joe Finances","startTime":2842.814,"endTime":2850.119,"body":"why, and I feel like you've crushed"},{"speaker":"Average Joe Finances","startTime":2850.419,"endTime":2852.189,"body":"your why for why you're doing this."},{"speaker":"Average Joe Finances","startTime":2852.409,"endTime":2856.194,"body":"You even got out of the"},{"speaker":"Average Joe Finances","startTime":2852.409,"endTime":2856.194,"body":"military at 15 years."},{"speaker":"Average Joe Finances","startTime":2856.199,"endTime":2859.524,"body":"You just had five more to go where"},{"speaker":"Average Joe Finances","startTime":2856.199,"endTime":2859.524,"body":"you could have retired and got that"},{"speaker":"Average Joe Finances","startTime":2859.529,"endTime":2864.054,"body":"pension for the rest of your life,"},{"speaker":"Average Joe Finances","startTime":2859.529,"endTime":2864.054,"body":"but you made that choice at 15 years"},{"speaker":"Average Joe Finances","startTime":2864.654,"endTime":2867.954,"body":"to get out and pursue this real"},{"speaker":"Average Joe Finances","startTime":2864.654,"endTime":2867.954,"body":"estate so you can keep your family"},{"speaker":"Average Joe Finances","startTime":2868.404,"endTime":2870.594,"body":"in Germany and live that dream."},{"speaker":"Average Joe Finances","startTime":2870.939,"endTime":2873.909,"body":"That you had for you and your"},{"speaker":"Average Joe Finances","startTime":2870.939,"endTime":2873.909,"body":"family, which is amazing."},{"speaker":"Average Joe Finances","startTime":2873.909,"endTime":2875.199,"body":"So I commend you on that."},{"speaker":"Average Joe Finances","startTime":2875.469,"endTime":2877.749,"body":"And again, thank you so much"},{"speaker":"Average Joe Finances","startTime":2875.469,"endTime":2877.749,"body":"for joining me today, Chris."},{"speaker":"Chris Giorgi","startTime":2879.189,"endTime":2879.639,"body":"Thanks Mike."},{"speaker":"Chris Giorgi","startTime":2879.699,"endTime":2880.359,"body":"It's been a blast."},{"speaker":"Average Joe Finances","startTime":2880.629,"endTime":2881.229,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":2881.229,"endTime":2885.789,"body":"And hey, to my listeners, I also wanna"},{"speaker":"Average Joe Finances","startTime":2881.229,"endTime":2885.789,"body":"thank all of you for joining me and"},{"speaker":"Average Joe Finances","startTime":2885.789,"endTime":2889.689,"body":"our special guest, Chris Giorgi, on"},{"speaker":"Average Joe Finances","startTime":2885.789,"endTime":2889.689,"body":"the average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":2890.049,"endTime":2892.359,"body":"Go leave us a five star review"},{"speaker":"Average Joe Finances","startTime":2890.049,"endTime":2892.359,"body":"and tell us what you liked about"},{"speaker":"Average Joe Finances","startTime":2892.359,"endTime":2894.729,"body":"today's episode with Chris."},{"speaker":"Average Joe Finances","startTime":2894.939,"endTime":2899.289,"body":"Aloha from Hawaii and from Germany,"},{"speaker":"Average Joe Finances","startTime":2894.939,"endTime":2899.289,"body":"and have a great rest of your day."}]}