Whiskey and Real Estate #2 "How Investing in Real Estate Bulids Wealth"

Transcript

SPEAKER_00 0:00

Ready? Yeah. No more crimpling your bottles back there. Hey guys, welcome back to Whiskey at Real Estate the Podcast in Nebraska. I'm Chuck. I'm Aaron. Thank you for coming back. Yeah. Hopefully you watched the first episode. Yeah, this is episode two. Episode two. We are drinking today. Um we drink it. A Texas whiskey burglar. I know, I know, I know. This is smells good. Yellow Rose. Smells good. So it's a local. This was a favorite of mine for gifts for clients. They have two different types. It's not bad. Yeah, this is I like it. And it's not $500 a bottle. So it's pretty good. It does the job. Um yeah, it'll do the job. Let's see. Uh 92 proof, 46% alcohol. Cool. It'll be all right. Uh so thanks for coming back, guys. Uh episode two. Welcome back. Episode one was a little bit of a success. Hey, we both showed up, so you gotta show up. Yeah. So episode, I think we're 14 or 15 downloads on Buzz Sprout through the podcasting platforms. And then YouTube. I was so busy this morning, I forgot to look at YouTube. I don't know what our views are. I know at least 100 of them are me and you. So probably so hey. Hey, whatever. It's like who's on this anyway? Points made up. Rules don't matter. Yeah. So um today we talk about today's investing in real estate and how building or how investing in real estate builds wealth. Yeah. And also we wanted to come back to you guys, and the biggest question I think a lot of people would might have like, why the heck am I gonna listen to these two clowns? So we talked about experience, yeah.

SPEAKER_01 1:35

So how we got here. Yep. Um, that's why uh uh we have a lot of expertise in this. Well, you do. I don't I have a little bit. You have about what five years? Six five, six years of investing. Yeah, yeah, yeah. Um, it's not just property management or sales that uh uh we have experience in, uh, even more than that is an spare in investment groups, investments on your own, taking people that didn't even think they would be an investor, becoming an investor. Yeah, he's one of them. I took him. He he didn't invest at first in properties, and and and look what he's done. Um, so that's what this episode's gonna be about. It's gonna we're gonna talk about a bunch of things in it, and maybe you'll have interest in it, maybe not. Maybe this isn't for you, but you'll learn something, I hope. Maybe, or get some laughs at us for being like, look at these clowns. So what's your journey? How how did you start? I know I helped you start. I talked you into it, but tell them how you started.

SPEAKER_00 2:32

So I like my wife and I both military. We started uh bought a house next to Chuck. He was our neighbor. Um, and then we were on our way out of Nebraska to Texas, and um I wanted to keep the house as a rental house. My wife did not, she wanted to sell, and then finally Chuck was like, Well, let me buy it. And then my wife goes, Wait a second, hold on. If Chuck wants to buy it, I was like, Exactly, that's what I'm telling you. There's value in real estate.

SPEAKER_01 2:55

So that's especially at a certain time when the the market was good before 2021. Yeah, the um and you you left before then, but but um there every not just military, everybody should take a glance at investment properties um and see if it works for them, if it would work in your performance portfolio. Um I personally I love the stock market too, but uh I don't have a lot as much in the stock market. I'm 70-30, I like that percentage. Yeah, 70% real estate because it's what I know and it's what I do. 30% stock market. So um everybody's different. Everybody, some are 50-50, some don't even have any in real estate. I think it's good to diversify yourself in that, yeah. Um, so you're not all in one thing.

SPEAKER_00 3:43

So yeah, it's all about leverage, right? Um and I think leverage is overused to some degree, but when we talk about everything, good credit, bad credit, there's bad credit, there's good credit, real estate. You know, it it can be both, but it's it's how you apply everything collectively. So and it takes I mean, there is it's risk, there is risk involved. There's nothing that's risk-free.

SPEAKER_01 4:07

So talking about real estate, what are the reasons somebody may want to get into investment properties? Why would you?

SPEAKER_00 4:18

I think to you for me. I mean, it's you have the tax benefits, you it is of supplementary income. It's it's kind of a retirement account if you if you treat it clearly.

SPEAKER_01 4:27

Somebody's buying your house for you.

SPEAKER_00 4:29

And then the renter is pay paying your mortgage.

SPEAKER_01 4:32

Um and you own it in the end, and then it continues to make you money in your retirement, it's getting a paycheck every month through that rental process.

SPEAKER_00 4:42

Everybody's all in up in arms about the interest rates, which uh last I looked, I on average 6.4% right now. Is that where they're at? I didn't look at it but that's primary home. That is your primary residence interest rates. Um, that's another thing we talk about. That's another kind of loophole, right? You buy real estate as a primary residence, as an individual, you get a little bit of a lower rate than an investor would, because an investor does commercial loans.

SPEAKER_01 5:08

And there's different ways to do the commercial loan. I mean, as an investor, you can do it through commercial loans. You can put multiple houses under one commercial loan. Yes, it's a little bit more expensive on interest, um, and it doesn't include taxes and insurance, you have to pay those separately, so all you're paying is pressure. Yeah, no escrow account or anything like that. Um, it's how I do it now because I'm no longer allowed to use my VA to do it. Yeah, um, there is a certain point when the VA says no more of that. But you at one point I had four homes under one uh VA certificate, and that's how I started.

SPEAKER_00 5:45

You used your VA more than once?

SPEAKER_01 5:47

Yeah, yeah, I did.

SPEAKER_00 5:48

And that is possible. Yep. Yeah. So we we touched on it last episode, we're gonna say it again. Find you an agent, find you an advisor, someone you trust if you're a veteran, that knows the ins and outs of the VA, because you can use your VA more than once, and you can make your VA home a rental home under certain guidelines.

SPEAKER_01 6:09

And for those people that are active duty right now, everywhere you should you go, your duty station, you should buy. Buy a house wherever you go, keep it when you move to your next duty station, rent it out. If you possibly can make that happen, you should be doing that. Yep. And then when you get to the retirement age and you go to your permanent home, wherever you end up wanting to go, you then have all these properties that you can either consolidate and buy where you're going, or continue keeping them to avoid capital gains. But in the military, you have what is it, seven or nine years? I I think it is. There's a lot, I mean, every branch. There's a lot of stipulations on capital gains. Yeah.

SPEAKER_00 6:51

So every branch is oh, I thought you meant orders.

SPEAKER_01 6:55

No, I think that you have so the normal person has three years, I believe, um that's not in the military before they can avoid capital gains. So they can rent out for two years and still avoid capital gains if they sell. But if they go into four years, then they'd have to pay the capital gains. However, if they move back into it for a year, they can avoid paying that. There's all kinds of stipulation. There's loopholes in it. With military, they get more time. Legal loopholes. They get more time to where they don't have to pay the capital gains. That's the big difference. So um you know, real estate it to me is uh uh it's a means to building my wealth. Yeah, um it's a great asset that I was able to use through the VA process, through uh commercial loans, through banks. Um but it's built my wealth through the years quite a bit and and done well for me.

SPEAKER_00 7:52

How did you get started? Was it by accident? Or did were you intentional?

SPEAKER_01 7:58

I w I honestly I wish I would have the first two houses that I had, I wish I would have kept them at this point. But the third house, when I got married, we we bought it, and at that point I was in real estate and I knew I was just starting. Yeah, but I knew that what I was gonna do, and I was big into property management. So I took that first uh um that well, the third house, but the first house with my wife and I took and we made a rental property, we bought our next one with a VA loan, um, and then we assumed two others with our V my VA loan um at that point. So um assumption is a great method to get low interest uh on a home because you're taking over somebody else's loan. Um so if they owed 200k on it, if that's what their mortgage is, you assume that 200k. If they're at 2.75%, you assume that 2.75. So you basically take over their mortgage. And then if the difference between what they owe and what they're selling it to you for, let's say you they owe 200, you're assuming you're buying it, you come to an agreement with them at 300, that means you have to come up with a hundred thousand dollars cash to give them at closing to assume that loan. And a lot of people can do that, yeah. It's very hard to do, and uh, and unfortunately not everybody comes up. But I will say you can't get a loan on it either. It's not something you can get a loan or mortgage on.

SPEAKER_00 9:18

I have some rumblings that some people have figured out a loophole to do it. But from I've done seven assumptions as an agent in Texas, and they aren't quick. They're a little they are a little slow.

SPEAKER_01 9:32

They can be quick depending, but yeah, looking at two to six months typically for an assumption. All of mine were like very all of mine were like very tight.

SPEAKER_00 9:42

Uh like you're talking the seller selling the house for $350, um, and their loan was $340.

SPEAKER_01 9:50

So there wasn't a big difference. There's not a big difference.

SPEAKER_00 9:52

So that that makes it easier. That makes sense.

SPEAKER_01 9:55

But in those cases, you usually don't have a good percentage interest rate. No, some of these they owed so much.

SPEAKER_00 10:01

Some of these guys did because they bought new construction down in San Antonio. So they they were they had the special rates and the fours and the three and the high threes. So it's still better than 6.4.

SPEAKER_01 10:12

But there's yeah, you can take that, you don't even have to live in it. I had uh uh a military member who bought a home, lived in it two weeks and got orders, then had to leave. You get orders that waiting. You can rent it out. I mean, as long as you move into it, it could be two days, you can turn it into an investment property if you had to, or if you wanted to. So it's not like it's there's a set in stone. Once the loan's done, the loan's done.

SPEAKER_02 10:37

Yep.

SPEAKER_00 10:37

Um so there, and then there's a big there's a big misconception. Like I think we we talked about a little bit last week, is you know, the fear of getting into real estate.

SPEAKER_01 10:48

There's a big fear of purchasing, yeah, investment properties.

SPEAKER_00 10:51

You don't have to have a ton of money. So and I know we we're gonna harp on VA a lot because that's we're both veterans.

SPEAKER_01 10:57

But that's how we both got how we both got started.

SPEAKER_00 11:00

But you you can use a conventional mortgage, you can use FHA, you you know, assumptions. You don't you do not have to be a veteran to assume a VA loan. Now, most veterans won't let a non-veteran assume it because then that keeps her eligible tied to it.

SPEAKER_01 11:18

Because they'd have to leave their certificate with it, yeah, and still have a tie to that property and that mortgage, which is always a risk.

SPEAKER_00 11:25

But all government backed mortgages are assumable, yeah, not just VA loans. Um, and then basically the biggest thing is no, we're gonna have to cut this part out. We were forget. We were rolling.

SPEAKER_01 11:39

No, I think uh that the best way, it it like Darren was saying, there is different ways to do this. It's not just veterans, it's not just VA. Um and you you don't have to have a lot of money to get into this if your credit's right. Um, because you can do commercial loaning, you can do mortgages, you can do commercial lending. Um, you know, typically you do commercial lending, you do it through an LLC or corporation. Um, you don't do it as an individual individual. If you're doing your first house, do it as an individual. You'll get a lower rate. Um, you'll get taxes and insurance included into it. You can do a conventional loan, so you don't have to live in it. It's an investment property. Um, so that is a how most people that aren't military can get into it. There's other avenues to get involved in. Um, you can look at REITs. Um, not a big fan of REITs uh because there it's usually a huge corporation that owns a lot of properties, and you're buying into that reality.

SPEAKER_00 12:41

What does REIT stand for?

SPEAKER_01 12:42

Real estate investment trust. Um it's governed by the SEC, Securities Exchange Commission. Uh so they inv they watch it and monitor it and everything like that. That is one way you have no connection beside it's just like buying stock. Yeah, it's the same thing. You're just buying it in a REIT, which is investment properties. The other, the other one that I like is called a REAG. It's a real estate investment group. Um, reags are not large, they're usually 10 to 20 people at most. Um it's it's a way for somebody who has $5,000 to get into real estate. Um, you don't have to be able to buy your own house, basically. You buy shares in a company, which is a Reg. Um, it's not investigated by the SEC. In fact, that it's a small group that you sign off on that says that you agree that this is not monitored by the SEC. Um, so you buy shares in a company, you everybody's buying shares and the money's coming in per share. You take that money and you buy an investment property. So somebody with $5,000 can buy a share or a half share, depending on what the shares are for that company, and they become an ownership in that company which owns real estate. You get the same write-offs, you get the same tax deductions, you get the same income, um, the houses build um in value, you get all the same benefits, just more of a percentage of what the company owns. So if you have 1%, you get 1% of the write-offs, 1% of the income, 1% of all that.

SPEAKER_00 14:14

But the advantage there, not only is the entry lower there, but you also the risk. Oh, yeah. So you spread the risk amongst the whole group. So we have one person.

SPEAKER_01 14:25

If you have an $8,000 air conditioning repair, then it's spread out amongst everybody, not the other advantage of that is is and you can get loans through in commercial loans if you will if you're if your shareholders wanted to do that. But the other advantage is you're paying cash for houses, so you're getting income right away. Um and then you just build that income by the next house, or you split your shares and get more shares. There's lots of ways to do it. But um, that's one way that somebody who wants to get into um you just need to contact somebody or figure out how uh who's doing real estate investment groups. I can help you do that. I have one of my own that um it's called Husker Ground that I'd love to talk to people about if they're interested in. You really thought hard about that name, huh? Yeah, I did.

SPEAKER_00 15:09

So well, and like Chuck said, like real estate's like I'm a car guy too. So real estate's I kind of think of it to make it more understandable, like getting into investing is it's whatever car you want to jump into, right? There's you want to jump in right off the bat, 20, 30 down, conventional. If you can do it, you're jumping in the Ferrari. You know, if you if you want to do a little bit more slower pace, you're jumping into the Corolla.

SPEAKER_01 15:34

But make sure you talk to somebody who has experience in it because there are some properties that aren't good rental properties. No, um you have to look at the property. There's some personally, I have opinions on. I'm not into apartments, I don't like multiple units um in one in one dwelling. Um, I it's just not me. Um, it's a lot more risk in it, and I don't like that much risk. I like the single family homes. Yeah, I like single family. I and I even stand a certain price range. Yeah, I I do love duplexes. Yeah, but that's single family. That's not a multi-unit. That's a that's that's still a single family. It is even certain condos or town homes are still single family. I'm talking like apartment bullets. Yeah, or anything above a four-plex is multi-unit to me, and it's just too much risk in it. Um, I I just don't like it. I like the single family, and there is a certain, like I said, level that you want to stay at too. You don't want a 400,000 plus house. No, that'd be tough. You can, and we do it for our owners, but but the goal would be the 300 range, and the two to three hundred range is kind of where I like to be. Um, I don't know where you're at if you're in there, so different. It it depends on the house, and the market's changed so much, and houses are so much more expensive now, so it really depends on the house.

SPEAKER_00 16:50

So for me, uh like for Aaron as an investor, I look at like my wife and I, when we bought our investment properties in Texas, we looked at like, okay, what do we as a family look at in a home? Because at the end of the day, like families are renters too. So I I tend to like the big a little bit bigger homes, um, a little bit bigger square footage. And I know you're not a big bigger fan, you're not a huge fan of the bigger homes, but they're harder to rent.

SPEAKER_01 17:19

They're way more expensive to rent for people. There's a a certain number of people that can't. Yeah, your pool's smaller for the same. Your pool's smaller. So um it is easier to maintain. To be honest, it's easier to maintain all houses the same because they all really have the same stuff. Um the bigger houses um cost a little bit more because it costs more to paint them, or it costs more to fix an AC in them if they have multiple ACs or or HVAC systems. Um I I I manage a lot, we have houses that are 4,000 square feet that we manage. Um and we do keep them rented. We just don't have a lot of them. We had a lot of them, it would be hard to keep those rented at those price ranges.

SPEAKER_00 18:01

I think so. And then overall though, um, as far as income and real estate. What do you what's the your what's your categories for income and real estate? Because stock market you buy it, you don't get paid. Right. So you sell it. Right. So real estate.

SPEAKER_01 18:21

And I know we talked about this before. Gold is the what everybody looks at. The standard, yeah. The standard. And how gold increases, and then there's very little risk in gold, and it's always going up. Real estate's the same damn thing. It is God only made so much gold, he also only made so much land. Uh real estate's just like gold. The benefit of real estate over gold, in my opinion, is gold. You make money every day that you have somebody in it that's renting. Real estate. You said gold. Real estate, real estate, you're making it better than gold. You're making money on it. It's just not sitting there, and it's someday you'll sell it and you'll get your money back. No, real estate, when you have investment properties, I am sleeping and I'm making money.

SPEAKER_00 19:00

The income streams for real estate are tax.

SPEAKER_01 19:08

Yep, your write-offs. Um if you put any uh put anything into it, into the property, new windows, new roof, whatever, you can write that up.

SPEAKER_00 19:18

I mean, appropri uh not appreciation. Yep. So like yeah, you have multiple levels of income in a calendar year for that one property. Yeah. So um, and if you have a rented, someone's paying your mortgage.

SPEAKER_01 19:29

Yeah. If they have a pet, they're paying pet fees. There's extra money on that. I mean, it's there isn't you just make more in real estate than you would sitting on a piece of gold. That's the biggest difference. Gold's great and everything, but real estate is better than gold.

SPEAKER_00 19:45

So in today's market, we've talked about it a couple of times, rates are a little high. Housing in some areas are expensive. It's still expensive here to some degree, but still a lot of affordable homes. It's gone up everywhere. Yeah, it's not like it was five years ago. Yeah, no.

SPEAKER_01 20:02

Five years ago, a hundred and fifty thousand dollar house today is now. I'm seriously, five years ago, you paid $150,000 for it. It is now uh $250,000 to $300,000. It's gone up that much in five years.

SPEAKER_00 20:14

It's insane. Yeah, my our neighborhood, your old neighborhood, where I live now, two springs, it's insane. Yeah, yeah. House went on the market last weekend, already sold.

SPEAKER_01 20:25

Some of them are doubling in value than when where they were in 2020. Um, so yeah, it's how's it going up? It doesn't matter where you're at. Um, the good thing about Nebraska in this market and why we do investment property, why I want investment properties here, why I started Husker Ground is because it's cheaper to buy the house. The cost of living's less. There's more of a um, there's still a huge amount of room for growth in those houses that we purchase. Yeah. Huge growth. Um the tenants are available, the military uh alone, and then home house full medical. Yep. Um, lots of medical, lots of doctors, lots of nurses, lots of schools. I mean, there's a great need for uh rental properties. There's too many people here and not enough houses. Yeah. Um housing shortage, yeah. Yeah, we have a housing shortage here. So we're different from the rest of the country in that. And it's still cheap, recent decently cheap to buy a house here.

SPEAKER_00 21:19

Yep, and I think that's where the Omaha market, and when we say Omaha market, that's metro. You know, that's all the the little towns outside of Omaha, Bellevue, Papillion, La Vista, Ralston, even Plasmuth. Plasmoth is getting kind of a boom too. Everything is pretty far south.

SPEAKER_01 21:37

But um and they are building, they're building, building, building. There's still not enough being built to keep up with the demand because it's growing so much here.

SPEAKER_00 21:45

So and as far as you know, why that's kind of brings us why why the Midwest is a good place to be a first time home, like first time investor. Cost of living and the housing market is is cheaper. Than most of the bigger areas.

SPEAKER_01 22:02

Well, my investors that are in my group, they're not even from here. Yeah, there's a couple out of times. I'm the only one that actually lives here. Oh, there's one more that lives here. But uh most of them are clients that are military or clients that um live in different parts of the country. They know how good an investment property is here. Um so they've invested in it and and it's just a good place to get started in it. It's a lot safer. Um less risk because it's less money. Yeah. Uh you can get more for your money here. So um yeah, there's other ways that you can get involved by yourself, um doing personal loans, buying property.

SPEAKER_00 22:43

Um, there's yeah, then like I said, there's different cars that jump in and everybody loves the I mean Chip and Joanna made it famous. Let's let's you know the flipping flip all the houses and re you know, redo Waco, which they didn't, they didn't that that does work, but that's still it worked for that time frame.

SPEAKER_01 23:00

It it it doesn't really it's hard to flip a house these days. It is tough every time. Because it costs so much and the and you're buying it and people know what their houses are worth now, even the so you're overpaying for the house and then you're putting a bunch into it, which products cost more now. If you're doing it yourself, you can make money at it. But if you're doing it hiring it out, yeah, labor costs very difficult to make money for product costs, yeah.

SPEAKER_00 23:22

I mean, it is there. So I mean, flipping flipping to me, I mean it's still real estate. Flipping to me, though, is is a full-time job. It is a full-time job. Because you have to do it yourself, you're gonna make money. Yeah, it's it's it's it's tough. And here, there's still people that make money. Um I do see, but I it's just still a lot, a lot of talk about risk. That's there's a lot of risk there. Yeah. You're putting a lot of money into a home.

SPEAKER_01 23:47

And if you don't get it done in a certain amount of time, you're losing money every day.

SPEAKER_00 23:50

Yeah, and if you're doing a hard money long, you only have you're paying interest only for six months. Yeah, and it's normally on 12, 13, 14 percent. So that's that's a tough, tough pill to swallow when you're trying to sell too.

SPEAKER_01 24:03

The Omaha market why we like it so much is because they're I we manage over 300 houses. Uh I don't own over 300, but we manage over 300 houses. And we keep a 98% fill rate. I mean, we we it it's amazing that we've been able to keep that rate and keep these houses rented at that rate. It it is because there's just such a demand for it.

SPEAKER_00 24:31

Well, um overall, like we went back to like the military, right? So I think the Air Force I know has changed how they do orders. So the people stay at bases longer. Like the old saying when I was active duty was once you get to off it, you don't get off it. Well, now that's when you're off it, yeah. Like that's even more true. Yeah, once that's even more true now. Um, you know, people people staying at a base. Military are not, you know, six sets.

SPEAKER_01 24:56

It's expensive to move military around, and they're figuring that out to cut costs to keep people where there's you know, at one location.

SPEAKER_00 25:03

That makes sense. And I think we're we're lucky with the business we run. And that's credit to you, Chuck, is we treat tenants well, we treat them right. So they want to stay in our home in the homes we manage. Yeah. And so even if they're not military, we have a lot of long-term tenants that aren't military. And what is what's your long what is our longest tenure tenant off the top of your head? Um what seven years?

SPEAKER_01 25:30

Well, I've had I took on the house in 2020 is when I started managing it, and it they've been in there since then. I think they were in there five years before that. So a long time. So they've paid for this house for this owner. Um they could have bought it on their own, but they over that time frame. And the owners kept the cut. So I am a big proponent of those that pay on time and take care of the house. I don't like to increase rent if we don't have to. Taxes in Nebraska suck. Yep. Um, it's expensive. Taxes, why? Uh it's just expensive. So you have to increase your your rents, of course, to make up for taxes and insurance. And now insurance is going ballistic as well. Yeah, it is. So those increases have to happen. But if we can keep somebody in a house and not kill them with the increases and they paid on time and they take care of the house, we do that. I want to do it, the owners want to do it. It's easier and it's cheaper for everybody if those tenants stay in the house that are taking care of it. But we do have to increase their costs, their rents over time.

SPEAKER_00 26:37

Vacancies cost money.

SPEAKER_01 26:38

But at the same time, if you're in it for 15, 20 years, it you wouldn't be able to find that same house if they moved. Yeah, for that rate. Yeah. So they're getting a good deal on it.

SPEAKER_00 26:50

Yeah, and that that kind of goes to what Chuck said, like, so if you are local here in Nebraska and you're listening, and you're you're military, you're a renter in our management group, you're living in Ryzenview, you're in an apartment, and you want to talk about you're thinking about buying your buying at your first-time home, or you've had a rough go of it, divorce. I've I've been divorced. Chuck's been divorced. We're we're still here. Um, people make it, it's really easy to make excuses, but we're here to help you. And even if you're a year away, give us a call, let us know that you're interested in buying. And we we talked about it last episode. We can put those pieces in place to help you repair your credit and pair you with a lender that does credit repair to kind of get you a roadmap so in a year you don't have to renew renew your lease and you can be your own, you can buy a home.

SPEAKER_01 27:44

Our goal is to take tenants and make them buyers of their own home, and to take those tenants that bought their own home with us and take them to buy an event an investment property. So we try to take them through the whole process. Um, I have tenants that are now own two or three houses and we um and they're investment properties and they're making money and they're and they're building wealth. The goal is to build wealth over for not just yourself. Yeah. So you're not worried. It's for your kids and your grandkids. And through real estate, if you hold those assets and you keep them up, that's another thing, is it costs money to have properties. Um, you can't be a slumlord, you can't not put the work in on it. If it needs a system or an AC or a repair or paint or carpet, you have to update these houses to get the highest rent on them. That is my biggest pet peeve is you have to put the money into it every few years so you can get that more rent. So it increases in rent. It will benefit you. Plus, you get the write-offs from it. Why wouldn't you? Yeah, and then you put all that out.

SPEAKER_00 28:51

You look at all these apartment complexes nowadays, like tile floors, they do it almost every time somebody moves in and out. There is well, and then it's crazy. The apartments are nice. Yeah, like and then I had a I had a someone the other day I was talking to uh a homeowner. Um, they're like, Well, uh, this apartment over the across the street's getting $2,200 a month for rent. I was like, Yeah, it's crazy. It's brand new, it's a four-bedroom house. Like they put top-tier amenities in there. Yeah, it's like it's crazy. So, like, I'm not like you don't be a slumlord, but at the same time, like what if you're sitting there and you're thinking about being an investor, you're like, oh, I can't, it's not for me. Well, think of it. What would you other have? Like, do you want to buy that new truck that depreciates the second you drive it off the lot? Or do you want to save on buying that $100,000 truck and buy a house that appreciates over time? And that's kind of like my I was terrible at that. I when I was younger, I was balling on credit. Uh like, you know, I didn't have I didn't have two pennies to rub together to make a dollar. No, awful. But I learned real quick, like, okay, we talked about good credit, bad credit. I learned real quick, okay, I don't need the new truck. I don't need the new car right now. I can I drove, you know, when my wife and I started our investment journey and true investment journey in 2019, like I had a 2011 F-150. I kept that that truck until 2024. So and I just like so it does there's risk involved, but there's out you do have you can mitigate that risk a little bit by how you live. Don't go up, don't go get that Starbucks one couple days, don't buy that new vehicle. You know, live within your means, and you would it's it's changed my life, it really has. Like, I'm not I'm not saying that just to say it, but it really has helped propel me to the next level.

SPEAKER_01 30:47

So but um yeah, we would love to talk more about uh if if you're interested in being an investor, yeah, uh or taking that step, um that's what we're here for. Reach out to us. I could I I could talk all day about that. Yeah, we really could. We could. Um it's my favorite subject. It's one of my favorite things to talk about. And and my favorite thing to do is take people who aren't investors and make them investors and make them money. We're here, just like in a financial advisor, we're here to make you money. Um when you make money, it makes us feel good. We also make money, but it makes us we can develop that with you in that process and that uh path with you. Um that's one of our favorite things to do, yeah, is rollers, and that's why we do this.

SPEAKER_00 31:31

But but um and we can we can do that because of what we have under this roof. So we have Hadley Management Group, which are property management company. We have Revel Realty, which is our buying and selling. Uh so it's the parent company, they they commingle each other, but that's where we're it's and this is what we do every day.

SPEAKER_01 31:50

We are huge with property management. Um, that is our uh expertise. Investors, that is our expertise. Portfolio management. We can do the the sales too as well, you know, the the single sales here and there, and we love doing that, working with clients. But if you're really looking at building and developing your portfolio besides stocks or besides a 401k, real estate is key in building wealth. Yep, it is if the wealthiest people in the world have real estate, and this is how they do done it. Bill Gates is a long the largest landowner in America. Yeah, it's farmland, yeah. Yeah, Ted Turner. Um I know people don't like it. Donald Trump, but I mean look how he got where he was. It's real estate. Even Elon, Elon has real estate, so so real estate is a means to an end when it comes to wealth. Um, and we would love to be in that take that trip with you and be a part of it and and help people do that. So um hopefully you enjoyed it, learned something. Yeah, and and the and you know, it's I feel we talked about this.

SPEAKER_00 32:56

I've been an agent for six years, been doing the real estate investing thing for about the same time, maybe like I'd say maybe seven years. But it it's taken it takes time.

SPEAKER_01 33:07

It's taken you've got a quick process. I mean, I've been doing this. 16 years, almost 20 years, yeah, 60, 17 years.

SPEAKER_00 33:13

Like it takes time. So it's the get rich scheme isn't isn't this isn't a day trading. Like this, and you know, the there's like there's risk involved, there is there's things that you have to put in place to make it work. Um, and you're not so it's not gonna you're not gonna be rich overnight.

SPEAKER_01 33:28

You need a good partner, and we can help you do that and partner with you to do that. So definitely.

SPEAKER_00 33:33

But I think that's it. We're good. Yeah. Well, well, though we got we got Husker football coming up soon. Oh, yeah, it's exciting. We're all getting pumped.

SPEAKER_01 33:42

We got some good recruits coming in. It's like the cowboys. I love the fall. Chuck's like after the 4th of July, all that matters is uh fantasy football and college football. Chuck's like a Cowboys fan.

SPEAKER_00 33:53

He's like every year. This is our cheese fan.

SPEAKER_01 33:55

This is our year, yeah, whatever. Cheese fan, cheese fan. So we got football coming up.

SPEAKER_00 34:00

Unfortunately, the World Cup's over for America for the U.S.

SPEAKER_01 34:03

Yeah, they lost last night. Lost last night poorly.

SPEAKER_00 34:06

Yeah, it was they did good.

SPEAKER_01 34:08

Yeah, I was hoping for a better yeah, but they did for them, they've gotten in a long time. So yeah, yeah, but um we enjoyed talking to you. We do. Um, we'll see you later in the next episode, and uh hopefully you enjoyed it and learned something from don't forget to subscribe, follow us, YouTube whiskey and real estate Nebraska, our TikTok whiskey and real estate Nebraska, Rebel Reality NE. Yep, we're TikTok Rebel Reality NE on um Instagram and Facebook. Um we're on everything, so we're all over. Check us out. Give us a shout.

SPEAKER_00 34:42

If you have any questions, feel free to send them our way.