Seeing Greene - David Greene & Brandon Turner | Episode 47

Summary

Podcast Title: The David Greene Show
Episode: Seeing Greene - David Greene & Brandon Turner | Episode 47
Release Date: April 3, 2025
Hosts: David Greene & Brandon Turner
Description: Real Talk Real Estate with David Greene dives deep into the world of real estate business and investing, offering unfiltered stories, insider details, and expert insights to help listeners build wealth, pivot their careers, or simply understand the dynamics of the real estate industry.

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Introduction and Guest Welcome

[00:00 - 03:30]
David Greene opens the episode with his signature enthusiasm, welcoming listeners to "Real Talk Real Estate." He introduces his special guest, Brandon Turner, highlighting his charm and intelligence in a humorous exchange about finding a suitable "B" word for intelligent. Their light-hearted banter sets a friendly and engaging tone for the show.

Notable Quote:

• David Greene: "We're not going to go back and re-edit this so that I can sound smarter. We're going to show you." [00:52]

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The Role of AI in Real Estate

[03:30 - 07:45]
The hosts delve into the topic of artificial intelligence, specifically discussing Chat GPT and its future in the AI landscape. Brandon humorously admits to relying heavily on AI tools, while David contrasts this by emphasizing the value of using one's own intellect.

Notable Quotes:

• Brandon Turner: "I just asked Chat GPT to tell us what's a B word for intelligence and it said brilliance. Brains. Bright, you got that one right." [00:59]
• David Greene: "I will every time. That's what I do. I have my on-site haircut, stylist, barber." [03:08]

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Navigating FHA Loans and Mortgage Challenges

[08:39 - 22:22]
A substantial portion of the episode focuses on listener questions about FHA loans and the complexities of securing a mortgage. Jonathan Boston, a real estate broker from Boston, shares his frustration with the opaque nature of the FHA loan approval process. Brandon and David dissect the intricacies of mortgage applications, underlining issues like disorganized loan officers, stringent FHA requirements, and the power dynamics between borrowers and lenders.

Notable Quotes:

• Jonathan Boston: "After a while, I asked them, what are the actual requirements that the underwriter needs to approve me for this loan." [08:39]
• Brandon Turner: "FHA does have a lot of requirements, and they got to fit all these round pegs and these round holes." [11:15]
• David Greene: "Nobody likes to be the villain in their own story." [14:50]

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Real Estate Partnerships and Managing Opportunities

[34:35 - 43:37]
Cody Newstator from Canada poses a question about entering a partnership with two realtors to raise capital for real estate projects. Brandon emphasizes caution against spreading oneself too thin and questions the necessity of forming partnerships without clear objectives. They discuss the potential pitfalls of partnerships, such as dilution of control and possible conflicts, advising listeners to deeply evaluate the reasons behind partnerships.

Notable Quotes:

• Brandon Turner: "Anytime somebody's like, we should partner, I'm always like, I'm questioning why is there actually a reason to partner?" [35:24]
• David Greene: "It's a weird question...No one asked it about any other profession." [41:07]

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Balancing Real Estate Investments with Student Loan Debt

[43:18 - 52:08]
Brendan Bogdanovich, a fourth-year medical student, seeks advice on whether to sell a rental property in Savannah, Georgia, to pay off student loans or to refinance and continue renting it out. Brandon analyzes the financial implications, weighing the benefits of appreciating property values against the desire to eliminate high-interest student debt. They explore strategies like property management, refinancing, and the importance of cash flow versus long-term appreciation.

Notable Quotes:

• Brandon Turner: "If you hold it, if you got enough income to be able to hold it. Cool. I get nervous a little bit about when I hear 3,800." [46:37]
• David Greene: "Market appreciation equity...you buy in a market that is more likely to appreciate in value." [47:35]

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Listener Comments and Social Media Interaction

[56:38 - 66:51]
David and Brandon engage with listener comments, addressing topics ranging from wind insurance in Hawaii to opinions on tech workers' work ethics. They clarify misconceptions, debunk rumors, and provide humorous takes on various comments. This segment reinforces the hosts' commitment to interacting with their audience and providing insightful responses to diverse queries.

Notable Quotes:

• David Greene: "Let me know in the comment section what's up with this wind rumor so that we can get rid of disinformation." [56:38]
• Brandon Turner: "People are definitely doing them. We don't." [32:55]

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Quick Hitters: Rapid-Fire Social Media Responses

[66:51 - 68:49]
In the "Quick Hitters" segment, David and Brandon swiftly address a series of brief comments from listeners. Topics include the importance of consistency in podcasting, overpriced plumbing services, and general listener feedback. Their quick exchanges are filled with humor and candid opinions, showcasing their dynamic chemistry.

Notable Quotes:

• David Greene: "My social media is way behind. I don't post hardly anything." [66:59]
• Brandon Turner: "Supply and demand is a myth." [69:18]

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Closing Remarks and Final Interactions

[68:49 - 72:28]
As the episode winds down, David and Brandon share light-hearted interactions, including playful banter about Brandon's tattoos and personal anecdotes. They encourage listeners to engage with their social media platforms and promote upcoming events like the REI Summit 2025. The hosts conclude with warm goodbyes, reinforcing their camaraderie and appreciation for their audience.

Notable Quotes:

• David Greene: "This is me." [52:12]
• Brandon Turner: "You gotta amplify that money before you go and invest it." [52:08]
• David Greene: "This is David Green for the handsome devil himself, Brandon Turner, signing off." [72:28]

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Key Takeaways and Insights

1. Understanding Mortgage Complexities: Navigating FHA loans can be daunting due to stringent requirements and sometimes disorganized loan officers. It's crucial to work with reliable professionals and stay informed about the underwriting process.

2. Strategic Real Estate Partnerships: While partnerships can provide additional resources and expertise, it's essential to establish clear roles and objectives to prevent conflicts and ensure successful collaborations.

3. Balancing Debt with Investments: Real estate can be a powerful tool for building wealth and managing debt. However, it's vital to assess whether selling properties to pay off high-interest debts or leveraging them for continued investment aligns with long-term financial goals.

4. Managing Workload and Avoiding Overextension: Expanding a real estate portfolio requires careful management to avoid spreading oneself too thin. Prioritizing properties that offer the best returns and aligning them with personal capacities is key.

5. Engaging with the Audience: Active interaction with listeners through comments and social media enhances the show's relatability and provides diverse perspectives on real estate challenges.

6. Adapting to Market Changes: The real estate landscape is dynamic, influenced by factors like interest rates and market demand. Staying adaptable and informed is essential for sustained success.

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Conclusion

Episode 47 of "The David Greene Show" featuring Brandon Turner offers a comprehensive exploration of real estate investment challenges and strategies. From dissecting the intricacies of FHA loans to balancing student debt with property investments, the conversation provides valuable insights for both novice and seasoned investors. The hosts' camaraderie, combined with their expertise, ensures that listeners gain not only knowledge but also a sense of community and support in their real estate journeys.

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Follow Us:
Stay updated with the latest episodes and real estate insights by subscribing to "The David Greene Show" on Apple Podcasts, Spotify, or YouTube.

Connect with David Greene:
Instagram: @davidgreen24
Website: davidgreen24.com

Next Episode Preview:
Join David and Brandon as they explore advanced strategies for maximizing rental property returns and overcoming common investment pitfalls.

Transcript

[David Green]

Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS and no sales pitches. I'm David Green and I've been doing this for over 10 years. I've seen the ups, the downs and everything in between. This is the show where we pull back the curtain and show it to you too. So if you want to build wealth through real estate or you just love learning about it, you found your home. What's going on, everyone? Welcome to the what's going on, everyone?

[Brandon Turner]

Welcome.

[David Green]

I can't say that I missed that, but I'm also kind of glad that it's here. Welcome to Real Talk Real Estate. We've got a special guest in the house. The handsome, the charming, the bearded, the built, the buff and the intelligent Bawandan Tuna.

[Brandon Turner]

I'm really sad you didn't, you didn't get a B word for intelligent. Isn't there a B word for intelligent? You had the BBBB and then you couldn't.

[David Green]

I couldn't think of one as I was talking and I really can't think of one now.

[Brandon Turner]

Bright, right?

[David Green]

Oh, and see, folks, this is how you know that this is legit show because we're not going to go back and re edit this so that I can sound smarter. We're going to show you.

[Brandon Turner]

I just asked Chat GPT to tell us what's a B word for intelligence and it said brilliance. Brains. Bright, you got that one right. Brain power.

[David Green]

And this is why in five years I will be way smarter than Brandon because he will have used Chat GPT and I will actually still be using my brain.

[Brandon Turner]

You got to use the tools you got, man.

[David Green]

Brandon loves Chat gbt. How often a day do you use that thing?

[Brandon Turner]

Oh, 20 times a day at least.

[David Green]

Okay, first, first question of the show. Do you think that in the future the words CHAT GPT will be equivalent in AI to when we say Ms. Dos? Do you remember dos?

[Brandon Turner]

I do remember dos. I used to use DOS back in the day. Yeah, you know, probably it'll be replaced by like four other things over time. We don't know the winner yet. It's kind of like, you know, back in the day of cars, we didn't know which car brand was going to be the big one. It didn't. I mean, Ford was one of 2, 000 car companies and it happened to be become the big one. We don't, we don't know who it is. We don't know. ChatGPT is just going to be one of Those. Oh yeah, remember that one thing. Unless it becomes like the big one right away and then like just takes everyone out and kills us all, which is also probably 50 50.

[David Green]

So I don't think it'll call be called chat GPT. I think it'll be the call the name of a person and it'll be custom. Yeah, that's probably true. If you guys like that and you want to know more about who Beelzebub is, send me the word faith on Instagram in my DMs, an auto reply and I'll be telling more about it. But in today's show I'm joined by my best friend Brandon Turner on Scene Green. He's going to be joining me answering questions from you, the listener base to participate in the show. If you guys would like to be featured on the show, head over to David green24.com ask where you can submit your question. And guess what? If you don't, we won't have a show and you'll just have to listen to Brandon and I talking about nonsense like chat GPT and alliteration in compliments for, for him. And I don't know that he's going to get a haircut every single time before the show like he did today.

[Brandon Turner]

I will every time. That's what I do. I have my on, on site haircut, stylist, barber. That's what they're called.

[David Green]

Every time you say that, you sound like a rich jerk. You know how often you do that? I have an on site massage person. It's not enough that I have enough money to get a massage, but I have no sight massage.

[Brandon Turner]

They live. They're full time, 40 hours a week. They literally live right here. And they just, they come over and they cut my hair every day. It's really a beautiful thing. No, I go to Phyllis down at DK Barbershop down in Kihei. He does, which is. Phyllis is great.

[David Green]

Phyllis is okay. Yeah, I know a little bit about Phyllis. You could call her great. There's other words that could probably be described. I think she's loyal. I'll give her that.

[Brandon Turner]

She's loyal.

[David Green]

She's great. All right. So Brandon, have you ever watched the Seeing Green episode on the David Green show?

[Brandon Turner]

No.

[David Green]

You've never done it?

[Brandon Turner]

I've watched clips. I don't watch podcasts.

[David Green]

Okay, well hopefully our listeners do, otherwise they probably wouldn't be hearing this.

[Brandon Turner]

They watch clips. That's why this show is so good is because you get like 50 clips out of it. You put them on Social media.

[David Green]

Yeah.

[Brandon Turner]

Who has time for a podcast?

[David Green]

People that still use their brains and don't think.

[Brandon Turner]

People that drive to work. I just. I walk 12ft.

[David Green]

Second question. Does it feel weird and awkward to not be the one opening the show where I have to wait for my.

[Brandon Turner]

Yeah, that's why I had to interrupt you and cut in. It's not allowed.

[David Green]

I like that you're admitting it. I respect that. I knew it had to be hard.

[Brandon Turner]

No, this is super easy, man. I live on podcasts these days. That's all I do anymore, is podcast, podcast, podcast, and this is my favorite podcast on the planet, so I'm honored to be here.

[David Green]

You heard it here first, folks. All right, today's show, before we get into it, is sponsored by Turbo Tenant. Turbo Tenant is a property management software designed to help property owners streamline the rental process by providing tools for listing properties, screening tenants, collecting rent online, and managing leases. We use Turbo Tenant for all of my long term rentals. And guess who else has two thumbs and uses Turbo Tenant?

[Brandon Turner]

This guy.

[David Green]

That's right. Brandon and I both like it. Anything you want to add about it?

[Brandon Turner]

Just that I think that they are probably the most affordable for the. What you get. If that makes. I mean, you can spend 20, 20 grand a year, 30 grand a year.

[David Green]

Best ROI.

[Brandon Turner]

Yeah, but, yeah, best ROI, it's like, it's like a Netflix account. It's like super cheap. And they do like a million things and they do it well. So big fan.

[David Green]

So if you like to make good business decisions, you like a good roi and you want to use what the cool kids use. We're also assuming that Brandon and I are cool kids. We're probably very much dorks in a lot of ways. Go check out Turbo Tenant. All right, Brandon, anything you want to say or ask or do before we get to our first question here?

[Brandon Turner]

Yeah, I just want to say that I am honored to be here and that anything I say can and will be used against me in a court of law.

[David Green]

So this is the first person in my career that ever Mirandized himself before. That's how strong his guilty conscience is. I'm gonna Mirandize me, in case you forget.

[Brandon Turner]

Do you know the whole thing still?

[David Green]

That's a good question. In fact, when we used to say it. Funny story. Let me give you, like, the background on law enforcement here. The. The. The. I was. I think Arizona versus Miranda is where the case comes from, and it came from a person that was asked questions by police when they were in custody, and they used the Statements that were made by him in law. And the lawyer came in and said, hey, he never would have said that if he knew that he could have had a lawyer. So after that, we made it rule in law enforcement that anytime you want to interrogate someone or ask them questions and they are in custody, you have to say this first. A lot of people think that this means you're not under arrest. If the cops forget to tell you. It's like one of those. Like the people that all think that they're lawyers that think that the arrest doesn't count if they don't say. It's not that. It's just if they don't tell you that any statements that you make won't be admissible in court. But they might ask you on the stand, do you know the Miranda rights, Officer Green? And I'd say, yes. And they'd say, recite them for me when you're nervous. So what we would do to get around this, this is what it was like a cat and mouse game with law enforcement all the time. We would always read out of a little book we had what the Miranda statement was, even though we had it memorized. You would do that and you'd put in your report. I read them their Miranda rights per my department issued blue bl blankety blank book, so that if the attorneys in court wanted to try to make me say it, I could pull the book out and I could read it on the stand, and I didn't look stupid because you don't want to look dumb in front of the jury, that you don't remember it. And that's how I'm going to get out of saying that. I don't know if I know.

[Brandon Turner]

At heart, by heart, I was gonna say, where. Where's the book? You're gonna pull it out right now?

[David Green]

Yeah. It started with, you have the right to remain silent. Anything you say can and will be used against you in court. You have the right to an attorney. If you cannot afford an attorney, one will be appointed to you. That's probably where it goes. I lose it all. The cops that are listening are like, come on, man, you're halfway there.

[Brandon Turner]

You can do it, man.

[David Green]

Better question, have you ever been read those rights in your life?

[Brandon Turner]

No.

[David Green]

You've never?

[Brandon Turner]

For the time that we were rolling in jiu jitsu, and you pinned my arms behind my back, jumped atop me, then you got really into the moment and started yelling them the. The Miranda rights at me, and then you actually threw me in the back of a cop car. And took me to jail.

[David Green]

That was a weird day, except it was a Tesla. And.

[Brandon Turner]

And we went to the beach and.

[David Green]

We went to Starbucks. Yeah, yeah.

[Brandon Turner]

And I was on top.

[David Green]

And it was.

[Brandon Turner]

Yeah.

[David Green]

You know, your first tap out was using a police hold. When you described it to me, it was actually how we would put someone in handcuffs from the prone position. Do you remember this?

[Brandon Turner]

The little old lady that was like £80? Yeah.

[David Green]

Well, no, the first one back. Yes, that's what she did. You put her arm behind her back. You just kept going until she said tap, which is the same way that we would get compliance from people that were fighting. And then we put the handcuffs on. So you got a little intercop in you yourself.

[Brandon Turner]

You know, that's. That's. It's important. I've gone far in life because of that.

[David Green]

That in the haircut. All right, let's get into the first question here. First question comes from Jonathan Boston about FHA loans.

[Jonathan Boston]

Hi, David. I'm pretty stoked on the podcast. It's good to have a sober perspective on the tough side of real estate and not just fluff about how every deal is a cakewalk. I'm a real estate broker in Boston. I own seven rental properties, and I've guided hundreds of people through selling and buying homes. I thought I knew how my clients felt.

[David Green]

Okay, before we go any further, Brandon, do you believe that this man is indeed from Boston, based on that accent?

[Brandon Turner]

I was just gonna say I'm really disappointed by the accent. I was a little sad. I think he's. I think he's hiding something.

[David Green]

I'm waiting to see if he says an R. If he says an R, I'm gonna be like, this is a fraud on the first fraud on the David Green Show.

[Brandon Turner]

All right, let's see down at the bar.

[Jonathan Boston]

Going through the process of getting FHA mortgages.

[David Green]

Yeah, he didn't say moggages. He said mortgages.

[Brandon Turner]

You're right.

[Jonathan Boston]

I recently went through this process of getting my first FHA loan on a primary residence for my wife and I. It sort of threw me for a loop. I think the lending industry is supposed to be crystal clear and transparent. It felt like a never ending checklist of one more thing after another with no clear guidelines. After a while, I asked them, what are the actual requirements that the underwriter needs to approve me for this loan. They seemed unable to provide me with a list. And I kept getting the feeling that there wasn't a specific criteria of requirements. It was more about the underwriter's gut feeling about Me, I didn't run into many issues about owner occupancy, but I did have to write them a letter explaining why I was moving to the new house. Is there a criteria around this, or is it as simple as the underwriter getting a good feeling about my letter? Also, who is the mystery underwriter? And I feel like I'm dealing with the man behind the curtain in the wizard of Oz. And if he says I need to dress up like the Tin man and overnight my bank statements to him by flying monkey post, I guess I have to do it if I want the house. And I'm just dying to know, why does the process feel so unclear?

[David Green]

All right. The lobotomy that is getting a mortgage. I've got a mortgage company. You've got a mortgage company. Tell me, Brandon, what do you think about this question so far?

[Brandon Turner]

Yeah, I mean, I think there is getting up, getting a bank loan, whether it's FHA or otherwise. I always say it's like a combination lock, right? You gotta, like, turn it three times this way, four times that way, five times that way, but it will open every time you get the lock, right? You know, and those lock, those combinations, or those numbers are like your debt to income, your loan to value, the condition of the property, your credit score, right? It's like this next. You got to get the combo right? Now, I think what he's alluding to in the problem is, like, in the questions, how, like, why are there so many combinations? Like, why there are so many numbers on this combination?

[David Green]

Why?

[Brandon Turner]

I just keep going, and they keep wanting more and more. I would say that's probably one of three things, is my thought. Number one, it just is. There's a lot of stuff. FHA has a lot of requirements. If you're used to doing, like, DSCR loans, which they're like, hey, can you breathe?

[David Green]

Great.

[Brandon Turner]

Here's your loan. Not quite that bad. But DSCR loans are way easier to qualify for. FHA does have a lot of requirements, and they got to fit all these round pegs and these round holes, and if you're a little bit off, they're going to make you then therefore go and back that up. So it could just be complicated. Number two, a lot of lenders are just. Are just unorganized, just disorganized. Loan officers are just disorganized. Like, you send them paperwork, and then like a week later they're like, hey, can I get that paperwork? And you're like, I sent it. And they're like, no, you didn't. Then you have to, like, go show them the email. They're like, oops. And they just constant. Right. Because they're people and they're just unorganized. And then third is, I do think that there's some kind of like that, like, power trip that you do get sometimes where there's like, well, I got a hunch that, you know, this guy might be making this thing up. So I'm going to get some more proof on this. You know, I need to see three months of pay stubs instead of two. I think that's the most unlikely scenario here. But what do you think?

[David Green]

I think that's some really good insight that you just provided. I think this is a common frustration with loans. This comes up a lot of the time, I actually think, and I pray to God he's not using the one brokerage because he's having a bad experience and I'm about to incriminate ourselves. And I haven't been read my Miranda rights, so this can't be used against me. If this is the case. Yeah, I think he has a bad loan officer. Here is the way the process works. We often use the phrase lender and loan officer synonymously, but Brandon caught himself when he started to do that, because there is a difference. The lender is the person funding your deal. The loan officer is basically like the broker that's brokering this. So lenders are like, hey, find us a person that match these requirements and we'll give them this much money. But then they offload the work of finding out if you meet those requirements. And to the loan officer who also found the lead, which is the person. The loan officer that makes a lot of money is really good at finding the leads. They have good marketing, they have a good personality. They know all the people. They make you feel good, but they're often not the good. The person that's good at doing their job. Like you said, they're disorganized. So what happens in reality is the loan officer says, here's the stuff I need. They send you a link that their broker put together. They have no idea how it works. You go through this excruciating process of submitting all these PDFs and downloading documents and doing everything. Loan officers, you know what you did. He looks and says, okay, is everything where it's supposed to be? I think so. He sends it off to the lender who has their own underwriter. And the underwriter's job is to make sure that the loan officer did everything they're supposed to do. The loan officers usually don't check it. At the one brokerage, we pound our guys about this. Like, your job is to get it before the underwriter ever can. It's not just to give it to them. Well, when they're lazy, they give it to the underwriter. The underwriter comes back, says, here's all the stuff that you missed. Get it right. And then the loan officer goes back to you, the borrower, and is like, hey, here's all the stuff I need. And you're like, what the hell? I gave you this one. Or why didn't you tell me that before? And they don't want to tell you because I didn't look at it, because I'm disorganized, because I don't know, because I'm lazy. So I let the underwriter tell me what I need, and then I go ask it from you. A wise man with a nice haircut once told me that nobody likes to be the villain in their own story, which means nobody likes to admit that they're wrong. So your loan officer doesn't want to tell you that they screwed this thing up. They just want you to like them. And they, a lot of them, especially salespeople, they really like to be liked. Not being liked is their kryptonite. And so that's how you get this stupid back and forth game of constantly being asked for things that you already gave. Ask for new things now. It took too long because they're two weeks behind. So now they need another set of pay stubs because it's been two weeks and it can get really frustrating. What do you think about that?

[Brandon Turner]

I think you nailed it, man. That's exactly it.

[David Green]

Nobody likes to be the villain in their own story. Do you remember how long it was ago that you first told me that?

[Brandon Turner]

No.

[David Green]

What do you think it was that led you to tell me that? Do you think it was like your way of saying, david, you'll never admit when you're wrong?

[Brandon Turner]

I don't think it was about you. I think that a lot. I think everyone believes they're the hero, just like King David in the Bible. Was he.

[David Green]

That's funny. Should we get into that? Should we tell people why you're bringing that up? I just.

[Brandon Turner]

David Green here has a man crush on King David from the Bible. And I just enjoy poking that stick and with a. Poking that wound with a stick and saying, are you sure he's a good guy? You sure he's a worthy hero?

[David Green]

Do you think this is the one thing that we might Actually fall on different sides over.

[Brandon Turner]

No, I don't think I have much of an opinion other than you don't care that much.

[David Green]

You just like that. It gets to me. Yeah. So the background here is that King David did a lot of amazing things for the kingdom of God. He also did some horrible things in his personal life. Okay. Brandon likes to focus on the horrible things that he did and ignore the amazing heroic feats that the guy accomplished.

[Brandon Turner]

He murdered a dude. He murdered a dude.

[David Green]

He murdered a guy indirectly. That's one of those bad things.

[Brandon Turner]

Yeah, yeah, it's one of those things. Like in today's world, we put him in the electric chair for that. It's like, that's not. It's not like, oh, he cheated on his high school, you know, entrance test or whatever. No, he. He had a dude murdered because he wanted to sleep with his wife.

[David Green]

He already slept with his wife. He didn't want to get caught for doing it.

[Brandon Turner]

He don't want to get caught, and he wanted to do it again. So he goes, kills the guy and then marries the woman.

[David Green]

Not his best day. Absolutely. This is an example of God's grace. However, we're also leaving out the fact that David killed thousands or tens of thousands of people that were enemies of the Israelites that were trying to kill them and attack them and terrorize them and murder them. So how many lives did he save, Brandon? You're.

[Brandon Turner]

How many fathers.

[David Green]

Your analysis.

[Brandon Turner]

How many fathers did not come home because. Because of David? How many little kids cried at night because their daddy would never come home because of evil?

[David Green]

We're probably talking about, like, Nephilim giants that were just.

[Brandon Turner]

I'm talking about eating people alive. He worked at the local, you know, house building guild, and he got drafted into some army, and out there on the field, he doesn't know what he's doing.

[David Green]

Bob the Philistine, that's.

[Brandon Turner]

That's who Bob the Philistine gets straight up hacked in half from King David because David's got an ego and he thinks he needs to hack everyone in half when really he should have been at home.

[David Green]

These are conversations that Brandon and I have live for all of you to hear. All right, let's get to our next question from Sarah Schoolcraft.

[Sarah Schoolcraft]

Hi, David, my name is Sarah Schoolcraft. I just want to say thanks for all. You do love the channel, of course, with real estate, spiritual life coaching. So thanks for all your knowledge. Been watching you for a couple years now, and you've actually guided me through my first program, property. It was a House Hack bought it for 309, 3% down. It's a two bedroom, two bath, excellent area, 10 minutes walking to the beach. Similar units right now are selling for about 315, 320 others in the neighborhood, about 4, 450. And so first year I was renting out one of the rooms. Now I rent out both sides and been blessed with excellent tenants. So that's not the issue. The thing is right now there's been a lot of repairs and it seems like they just keep growing and growing. So first it was a trench drain, first guy was a scammer, that's a whole other story. But now there's a hot water issue, sediment in the water pipes. So it's just like one thing after the next right now. Not really cash flowing, cash for like 100 bucks a month. But there is potential for a lot of appreciation. And that's the question. So should I be moving that energy to something that's better, not so much of a headache and cash flow is better, or suck it up, do the repairs and wait for that appreciation? That is, of course, future goals is build generational wealth, build a lot of equity so I can, you know, quit my job and travel the world, but I don't need to sell it. I mean, right now I do have a decent amount in savings, have a full time job, self employed, and I'm actually closing on my second property which is going to be a DSCR loan and that's in Spartanburg, South Carolina. And yeah, I would just love your opinion on all of that, where the people can find me. I also post a lot of travel content on my YouTube channel, travel with Sass. And yeah, hope I make the cut. Thanks for all you do, David.

[David Green]

Cool. All right. Sarah did indeed make the cut and you're welcome. And this is a true fan because she knew all the stuff I talk about. She mentioned the faith stuff and she even used the phrase energy when talking about the equity in her house, which is the thing that I've been saying. So this is someone who's been paying attention. And now, Brandon, you get to weigh in on this dilemma of what should she do and is she in a hurry to get too many properties to be able to travel the world?

[Brandon Turner]

I don't think she's in a hurry. I think that's fine. I just think it's weird. Like I've never had a rental property with like problems. It's like super strange to me that like you'd have.

[David Green]

Just kidding. She must have done something terribly wrong. Yeah.

[Brandon Turner]

What did you do wrong? I mean like, I was like, oh, water heater issues. No, I'm, I'm kidding. Of course, that is the life of a real estate investor. In fact, I would probably argue you will never make. I'll stay a bold statement here. You'll never make any cash flow on that property. You'll lose money every single year for as long as you own that property, maybe for the next five or 10 years. And eventually maybe rents will go up so high that you're going to make money. But let's just assume you will never make money on that property. Cash flow, however, I think you're aware of that, that the appreciation is the play on that one. If you got good debt that you're not worried about, if you got a good career and job, you can handle breaking even. I mean, if you start losing a thousand bucks a month every month because of stuff, fine, deal with it. I would just accept the fact that you're not going to make any money. Reevaluate your return on equity often so you can figure out if you can take, I mean, if you got 100 grand equity, okay, fine, dump that into something you can make more cash flow from. Fine. Or get more appreciation from. Or do a burr where you can immediately improve the value so you get a big bump right up front. But I would argue that most rental property owners are in the same, the same place you are and they don't realize it that rental properties don't actually produce much cash flow. What I would consider though, if you want to increase your cash flow is switch your strategy up. Maybe just traditional rental. Did she say it was traditional rental just like normal or did she say.

[David Green]

She mentioned it was near the beach and it was 300000 so it almost sounded like a condo from when she was just.

[Brandon Turner]

Well, yeah, even if it was a. I mean like I wonder because. Yeah, because she has great tenants. So they are long term. So I guess I would consider. Could you do with that property. And then again you rent out both sides. Was she mentioned duplex? Is this a lock off condo maybe Like I have.

[David Green]

I don't think she said what kind of property it was.

[Brandon Turner]

Yeah, either way I would look into maybe like can you get more out of a midterm rental? That would be my first, my first approach. There would be. If you, if you really care about the cash flow, you might be able to get an extra thousand bucks a month out of a midterm rental. Have a little bit more vacancy in the, you know, a little Bit more maybe and you got to pay a little bit more for utilities. But I, I would look at that if you're going to care about cash flow. Otherwise just say, hey, I got my first deal. It's not cash flowing. The super lot got me into the game. It is what it is. I'm going to sell it later and move on.

[David Green]

How much of this do you think comes from the wrong expectations in the beginning where she was told that you're going to get a lot of cash flow, Cash flow is going to get you out of the rat race and then you can travel the world once you get a couple properties.

[Brandon Turner]

Yeah, probably a fair amount, I think. I mean the advice that used to work that was true. Like you could buy a house on MLS and make 500 bucks a month in cash flow on it. Actual pure cash flow after the water heater and all that that did used to exist in some markets. And so now all the books, including ours, written in those times.

[David Green]

Yeah.

[Brandon Turner]

And all the comment and all the podcasts back then were in that, you know, YouTube videos were in that time. That is not today. And so when you're paying 8% for your, your rate or 7% for your rate and prices are double, you're not knocking that cash flow again. I, I'm not one to say you can't get cash flow. I think you just got to go midterm rental, short term rental, rent by the room, assisted living, something like that. If you want to get cash flow, you're not going to get it off traditional long term tenants and, and hope to survive. Now can you survive through and get the appreciation? Sure. I think rents are gonna, I mean property value is going to keep going up, but solid point, gotta expect different.

[David Green]

I think if Sarah wants to travel the world, she's going to need a combination of a lot of the things you said. So she's going to need to get a couple more properties, more intensive, let's just say short term rentals or medium term rentals where you're going to have some communication but you can do that while traveling. Then you're going to want to meet some people that also have properties like that in your area. You're going to manage it for them and you're going to get some extra income coming in. If you kind of combine becoming a property manager for other, managing your own properties and creating income outside of just the cash flow that your tenant pays you on a long term rental, you can get to the point that she's talking about. It's just Much harder than when the books that were written about it describe it.

[Brandon Turner]

Agreed. And yeah, you know, if I wanted the fastest way to get to like 10,000amonth so I could like quit my job and travel the world I like personally, I would probably go do one. I'd spend a whole year learning and planning and strategizing and working for somebody who does this. I would buy one. After that year, I'd buy one. Residential assisted living. I'd spend a year figuring it out. Making all the mistakes you're going to figure out. And at the end of that year, you're never going to make any money on your first deal. Most people don't. Your second deal, though, is going to get you retired. Just two deals in residential assisted living. The first one you're going to break even on because you're going to make a bunch of mistakes. Second one is where you're going to make your money. And two years in, you could quit your job and travel the world. That's just one strategy. I'm not saying you have to, but that's what I would do. If I were like, I needed to get 10k a month quickly. I do residential assisted living.

[David Green]

If you had residential assisted living property and you had people in it and you went to visit it, would you or would you not eat the jello?

[Brandon Turner]

I would totally eat the Jello. I just made jello for my kids the other day. It was so freaking good. We've never had. They've never had jello. That was our first time. It was just like a impulse buy at the grocery store. Like, wouldn't it be funny if we made Jello? Dude, it's so good. It's gotta be the red Jello though, like cherry or strawberry. It can't be the orange stuff.

[David Green]

Jello is also a really good roi. Like, the enjoyment level out of what you spend on Jello is pretty solid.

[Brandon Turner]

I agree. Growing up, my family would always do my mom still to this day, every holiday, it's my favorite dessert. It's not dessert. They call it salad Jello salad, but it's literally just whipped cream or Cool Whip mixed with like half hard jello. It's like not all the way, like solid, but like, not like liquid. And you mix it all together with like, with Cool Whip or whatever in a mixer with mixing it is the best tasting thing you've ever had.

[David Green]

It's so we do something similar on Thanksgiving every year. They have it. Yeah. And it actually contrasts kind of nice with like the turkey and the gravy. It's a little more heavy and that's a little lighter.

[Brandon Turner]

I agree.

[David Green]

Funny, I didn't know other people did that. Also, if you guys didn't know, there's not a human being alive that's not named Joey Chestnut. They can eat faster than Brandon Turner. He is a freak of nature and he is this skinny. I'm convinced that you just have a host of tapeworms that you feed every four hours and that's how you do this.

[Brandon Turner]

I keep. I've named them too. It's like Chuck and Meredith. It's great.

[David Green]

All right. Our next question comes from Travis Lake in shop in South Carolina.

[Travis Lake]

Hey David, this is Travis from South Carolina. I've been wrestling with this question for about six months now, really trying to figure out what the best route is. I currently have a five bedroom home that I renovated, put about $70,000 in renovations in. My current mortgage is 1,200. My rent is about 2,100. My interest rate is 8%. So my question is, should I do a cash out refi or should, should I leave it alone Right now? I don't have any cash reserves. All of my money is pretty much tied up in this home. I do have a sixty thousand dollar HELOC that I can tap into if I need to, so I'm doing fine. I'm not losing any sleep over the fact that I don't have cash reserves, but I really don't feel like I have the ability to scale and buy more properties because my money's tied up in equity in this home. Also my interest rate being at 8%, if I refi now, I can get 7% so I can get a 1% better rate. So my dilemma is really I feel the squeeze a little bit. I'm not losing any sleep at night, but I feel like if I had this money I could really kind of be on the lookout for more deals and have the ability to buy, but I wouldn't have anything to buy at the current moment. So I could be just waiting for a while. So just kind of wanted to get your thoughts on whether I should do cash out refi now, get a little bit of a lower rate and just start looking for deals immediately and release some of that equity or should I just wait? Thanks.

[David Green]

All right, so he's house rich, cash poor. What do you think that he should do if it.

[Brandon Turner]

Do you think the helocs on that property or do you think it's on a different property?

[David Green]

Like his own person sounded like you.

[Brandon Turner]

Think it's on that one because in that case, like there's, I mean, other than saving the interest dropping from 8 to 7, you might even be able to get a high 6, like, you know, 6, 7, 5. I just got one for my Atlanta house that I just bought. So you can probably get down to the high sixes. I mean, maybe that's worth it. Spend three grand, four grand in closing costs to save yourself 100 bucks a month. Probably worth it mathematically. But the, the 60K HELOC is probably enough that like if something went wrong, you can pull from that. I think it's probably silly to go and refi, pull out 30, 40, 50, 60k in cash that you're now paying interest on and stick it in the bank. That seems a little silly to me. Just so you feel comfortable having money. But as he alluded to, if he had that money, he'd go buy something more 100%. I would do it for that reason. If you need it, if you get that cash out, I would rather do that than do a heloc because he locks are going to be variable interest rate usually. So I'd rather refi, get the cash, take that money and go turn it into more money. As long as you believe you have the skill set to go out and turn that money into more than what you're paying for the interest, I think that's sound.

[David Green]

I would, I would rather see him do a rate in term, refi, don't take cash out, go from 8 to 7%. That's about, if it's only 100 bucks, that's $1200 a year. You're saving in three years, that's 3, 600. So if you're gonna hold it for three years or more, which it sounds like he is, that's a good move. And then don't take money out of it like you said, because you have a heloc. If you don't have a heloc, we do those at the one brokerage for investment properties. You put that on it so that if the opportunity comes up, you have the cash to go get it. Or if something goes wrong, you have the cash right there, but don't put it in the bank and pay a decent interest rate. Remember when we were first starting this thing, rates were like 4 or 5%. Then they hit 3 and the answer was just always, yeah, take out the money. Take out the. It's 3%. Take out the money. Now it's actually like some people, he's at 8%. That's not cheap. That's actually kind of expensive, especially if it's a higher loan balance.

[Brandon Turner]

Yeah, I agree. 8% is. Is up there. He got about that at the height. You know, we're down a little cheaper than that now, but. But, yeah, I know. I just think, like, you sit there and if you don't do anything and you don't have a lot more cash coming in from some job or some other thing, like, what are you gonna do? Sit around for 10 years and not, you know, like, yeah, you're gonna make. You're probably making 500 bucks a month in actual cash flow. Let's just say hypothetically, you know, I don't know the actual situation. Let's say you're actually clearing 500 after repairs, maintenance, vacancy, capex, all that. Okay, so you sit around for 10 years, six. Or was that 120 months, saving your 500 bucks a month? Like, okay, finally, now you got enough to go buy another big property. Okay, what, are you gonna wait till you're 75, 80 to get into real estate? So, like, yeah, if you want to speed this up, you're gonna have to constantly recapitalize, which is what? That would be a refi. Get the money out, dump it in a new one, get that one going, pull your money out as fast as you can, get into the next one. The velocity of money matters. Now, if that's not the goal, if you just want more cash flow, then may just pay the property off over time, and then you'll have a nice retirement with, you know, two grand a month in cash flow. That's also a doable thing. But great point.

[David Green]

I think you're 100% right. And if you guys would like to learn more about how to do what Brandon just said, always be buying property and adding equity to them and paying under market value and improving the property, go check out my book, better than cash flow, the 10 ways you make money in real estate, finally available in paperback. So if you're one of those people that's been waiting for it in paperback, I have fixed my problems with Amazon and you can go get it there. It describes how to look for ways to analyze real estate from 10 different perspectives where you can be building up equity and then recapitalize, like Brandon said, to scale your portfolio without having to wait 10 years because ain't nobody got time for that. All right, we're going to take a very short break, and right after that, I have a question from Cody that Brandon was bought in personally, just to answer. All right, everyone, thanks for listening to the David Green Show. Our second show sponsor is Hospitable, a property management platform tailored for short term rental hosts. We use it because it helps us automate guest communications, booking management and has a pricing Optim. Optim and has a pricing optimization function across multiple booking sites. It does a great job streamlining our operations and allows us to manage our properties more efficiently and most of all, improve the guest experience. In a nutshell, Hospitable lets you take bookings that come from Airbnb, vrbo, or even Direct, where they have a feature that allows you to book people directly and save tons of money. Puts them all in the same calendar and the same communication app. So no matter where the person is coming at you from your, you harness it all into one central place. Probably my favorite app in all of property management. I highly recommend you check them out. I've had a great experience with this company. Tell them David Green sent you. All right, our next question. I'm excited to hear what Brandon has to say about this one. Comes from Cody Newstator in Canada. Brandon, you're from south Canada, right? Isn't that where you.

[Brandon Turner]

Canada Light. Canada Light.

[David Green]

It was like growing, growing up there.

[Brandon Turner]

Yeah. Well, every day you had to walk uphill both ways to get to school. And we had our milk in a bag. A bag. That was really good. Yeah.

[David Green]

It wasn't a bag.

[Brandon Turner]

It wasn't a bag. It was a bag.

[David Green]

Can you imagine what the world would look like if in a different timeline in the Marvel universe, Brandon never left Minnesota and went to watch it?

[Brandon Turner]

Oh, yeah, sure. That'd be so good.

[David Green]

That's what we heard for years. Learning how to invest in real estate.

[Brandon Turner]

Yeah, you've got to buy the real estate, you know? Don't you know? Don't you know my mom still talks like that down in southern Minnesota.

[David Green]

Did they dress you in like flannel pajamas when you were a kid with one of those little hats with the earmuffs and the red plaid?

[Brandon Turner]

I definitely have that, David. Definitely. We didn't hear this thing or not. What's going on?

[David Green]

I can't. I can't focus. That's so good. I don't do the Minnesota accent. It's one that I don't have.

[Brandon Turner]

Oh, you do the Scottish accent.

[David Green]

No, that's good. Yeah, I could do Scottish Russian. Really? Almost all of them, except for Minnesota.

[Cody Newstator]

Hey, David, this is Cody and I'm filming all the way up from Winnipeg, Manitoba, Canada, in my basement office here. And before I get to my question, I wanted to give a little context to it. So in our city right now, there's opportunities where you can buy a plot of land or a house and tear it down and subdivide it into two lots. And the city will almost auto approve two duplex builds on what was previously one lot, quadrupling the housing density.

[David Green]

Okay.

[Cody Newstator]

And so I got approached by two realtors at my office to start a, a partnership between the three of us where we raise capital. The one realtor has a building company. We would find these deals, bring in other investors for the other money, and then do an equity split as well as a profit split on the corporation. My question is, I'm still trying to build up my real estate business as an agent here. And so how do you avoid in all of your ventures? You've started spreading yourself too thin. One of these other opportunities come up. Thanks.

[David Green]

And you can see why I bought Brandon Turner in for this. Because this is a complicated question about splitting up deals. And Brandon knows all about how to split up a big pie. And also shiny object syndrome, which I think Brandon Turner is probably the world's foremost expert in how to handle this. So what is your. What is.

[Brandon Turner]

I don't handle it.

[David Green]

Okay, Canadian Cody.

[Brandon Turner]

All right, Canadian Cody, a couple thoughts. One, I like that strategy a lot. I like ADUs, which is kind of that, but this is a little different. But I just adding more density to a house. Whether you add an ADU or you tear down and put up a duplex, in this case build up four units. I love that strategy. I think that's awesome. My question would be, first of all, it's easy to just be like, let's just partner together with two other guys now we got three of us and we'll just split it a third. Third. Third, maybe. And it's like, well, why? Like, I'm not saying you shouldn't do that, but why go three ways? Now all of a sudden you're getting a third as much? Is it because you don't want to take leadership and ownership of running the system and then hiring people who can do construction? You'll get way more and have way less, you know, budding heads again? Maybe these people are amazing and they're going to be mad that I said that, but I just. Anytime somebody's like, we should partner, I'm always like, I'm questioning why is there actually a reason to partner? And maybe there is. Maybe like, they're just really good at construction and they're going to bring their value for sure. I've got lots of partnerships. The shiny object Question though is a little more difficult. Right? Like I'm not an agent, but I do know that to be an agent you can't be halfway there. Like, I don't know many good agents that are not like fully in it, committed for life. Like that's their thing. That's all they do. And they do it well. Those are the only ones that are seeming to make it today. There's just not room in the marketplace for mediocrity anymore. And if you're splitting your time, you're going to become more mediocre. And so that makes me nervous to be able to split. That said, I hate being a real estate agent. The idea of being a real estate agent. Sorry, David, but just you're trapped in one market for a long time. You leave and you lose your entire network and there's no pat. You can't sell the business. Really. I mean, yeah, I know technically you can build up a big team and sell it, but it's so rare. It's like almost every real estate agent is building a business that you can never sell, you can never get out of. You're trapped in it forever. It's entirely market dependent. It's like the worst aspect of every job and you gotta be self motivated enough to go do all the work needed to make the money. So I'm not a big fan of the real estate agent business in general because I think it takes a very rare type of person. So therefore I would lean heavily into the real estate thing. If you got an avenue there, partner or no partner. Yeah, that's what I'd say. What do you think?

[David Green]

You're smiling because you know how good your advice was and you, you surprised yourself with that.

[Brandon Turner]

That's not why I was smiling. Smiling because it's just like I'm the worst person to give advice about shiny object syndrome because I'm.

[David Green]

You're the best. Because you've been an addict for years and you know how to help people avoid it.

[Brandon Turner]

Yeah. I have 13 companies right now. Shiny object is a thing.

[David Green]

Brandon just gave incredible advice to Cody from Canada. And let me tell you guys, the first time Brandon and I ever spoke was on bigger pockets, episode 169. And on that show Brandon said something wise and then said he was quoting a wise man and it was his own quote. And he. We've gone full circle from Brandon quoting himself and saying a wise man once said to actually saying something wise.

[Brandon Turner]

I simply said it's like the phrase. And I said the phrase and you said, did you make that up. But I was like, well, maybe I didn't quote myself. I just said a statement. That happened to be an important statement.

[David Green]

It was a good statement that you weren't Mirandized. So that can't be held against you if it ends up being wrong. Folks, go listen to episode 169 of the Bigger Pockets podcast. Don't be scared when you see what I look like, because it's very different than what I look like today. Yes, a little bit. Pop quiz, though. Do you remember what you were eating when I got on the Zoom and you guys weren't ready to record yet? It was just you and me.

[Brandon Turner]

Was it. I don't know. Was it nachos or something? I don't know.

[David Green]

I don't remember. No, but that's a good guess. I don't expect you to remember. But I remember I was telling. Someone was asking me the other day, she's got a brother. And I was eating the same food, or I was buying it. And she's like, why do dudes always eat soup? It's not a real meal. And I'm like, no, it's fast. It's easy. It fills you up for a dude. Soup is like. It caters to our worst nature, but it's what we love. It's like just. We love convenience. When we're eating, we will eat what is right in front of us. And if we don't have a woman in our lives cooking, we're going to eat really bad. And you were eating soup on that call, and I remember the way you said it, it sounded kind of funny. This is back when you lived in Grays harbor and it was pre beard.

[Brandon Turner]

Yeah. Soup was a. Soup was a staple back then. When you live in a cold climate, you just eat a lot of soup.

[David Green]

There you go. All right. I think it's really good advice for Cody. I also think it's really good advice for real estate agents. I'm getting the question a lot these days. Should I get my license so I don't have to pay the commission? It's just a weird question. Like, no one asked it about any other profession. They don't say, should I get a lot of Inspector? Yeah, yeah. Can I get a. Should I just learn how to do loans and do my own mortgage? Should I become an electrician and fix my own electrical problems? It's you. It's a lot to learn. It takes years to figure out what you're supposed to do. And there's a lot of uncertainty. And frankly, 90 of the business goes through the top 10% of the agents that are all sharks and everyone else is a guppy getting eaten up. It's not a fun thing to do like it's portrayed on tv. I think it has a low barrier to entry, which entices a lot of people into getting into it. And then oftentimes when you're like, I want to buy that house, I'm just gonna buy it. You realize how easy that was for the realtor. And so you think in your head, this is what it's always going to be like. That's like 2% of the time. It's 98 of the time. Constantly doing research, looking things up, talking on the phone, begging someone to like you, hoping that they're not using another agent just to be disappointed that nothing ends up ever happening. And nobody ever loses sleep about wasting their realtors time and not buying a house. They will always say, well, that's his job. He's supposed to take me to look at the house.

[Brandon Turner]

Yep.

[David Green]

But then when it's an easy deal, they're like, why didn't they give me back the commission? That's not fair. It's just, it's kind of an effed up system, if I'm being honest with you. It reminds me of in California, an ambulance ride is like $15,000. Yeah, three miles. And I, I talked to the ambulance ride drivers when I was a police officer and they said it's because like 20% of people actually pay their medical bills. It's almost all transients that never pay. And so you're paying so much every time to make up for all the people that didn't pay. And then they just go to collections. They don't care because they're homeless. And so that's, it's kind of a similar dynamic with the world of real estate. That's why commissions are high, because they don't get paid for most of the work they do. So I think Brandon give great advice. No, don't become an agent unless you love people and you love talking on the phone and you love working on weekends and you love answering your phone at all. Given time. You never want to have a vacation where you can tune out because like Brandon said, you can't get out of it. Like, even if you try to, which a lot of people do, by trying to build a team, your team members will usually, they just want your leads. They don't want to treat the leads really good. Like a lot of people have had that experience using a real estate team and they were Disappointed by the junior agents that they had to work with. That's the nature of the beast, my friend. So I think you do what Brandon said. You focus on what you're buying. And Brandon and I have a mutual friend, Daniel Del Real. And he also says wise things like Brandon does from time to time. He told me one time, no, he never takes credit for. He's way more humble than you. But Daniel said we were talking about partnerships. He's like, David, nobody likes to take the leap alone. That's why most people become a partner. There's no objective, real reason why you should do it. It's because you're scared and you want other people in it with you when you're scared. And it can create bigger problems later. Like you said, when it hurts Mo. I mean, how many partnerships have you seen that, like, worked out where it didn't hurt? The friendship?

[Brandon Turner]

Yeah, not many.

[David Green]

It's. It. No one talks about that. Right. They always talk about the good ones, but it's. It's rare that people become partners, and it actually ends up being a positive thing for the. For the people involved. All right, we have one more video question, this one coming from Brennan Bogdanovich.

[Brendan Bogdanovich]

Hey, David. My name is Brendan Bogdanovich. I'm a fourth year medical student. I've been listening to you since you were on Bigger Pockets. I just wanted to say thank you for all that you do for the real estate community. I'm a huge fan. I love listening to your stuff. I do have a couple questions for you. So I have three rental properties. One's located in Roswell, Georgia. The other is located in Augusta, Georgia. Both of those have interest rates that are about 3.2%. So I'm not super interested in doing anything with those right now. But I have a third property that's located in Savannah, Georgia, and my interest rate on that one's about 7.45%. My monthly PITI is around 3,600. It might go up to about 3,800 after my homestead falls through. But I'm graduating medical school here in the middle of May, and I'll have about $200,000 in student debt. The interest rate on those loans ranges just because they change every year. So they range from about 5 to 8.5%, but when you average it out, it's around 6 and a half percent. So it's about $1,000 a month of simple interest that's accruing on those loans. And so my thought, or my question to you is, what are your thoughts on Me selling the Savannah property. So I bought the house for about $465,000. My loan right now I owe about $400,000 on the property. I put a little bit of money down. I believe I could sell it for around $600,000 right now. I've added a bedroom and a half bath and properties appreciated a little bit. I do own that property, 5050 with my parents. So if I sold it, I might make around $100,000. So what are your thoughts on me selling the property and paying off a good portion of my student loans versus keeping the property, trying to refinance into. Into a lower interest rate, lower monthly payment, and then continuing to rent that out? Because I do see Savannah as a really great location. The other thing I do want to note is that I put a decent amount of money into that property. I probably put about $50,000 into it. And so it's one of those things where I think I've finally gotten to the point where I'm not going to be spending a lot on capital expenditures every year. And so I may be able to enjoy the benefits of that cash flow a little bit more. Now. Once I start making an income in my residency position, I'll be able to use the income from all three of my properties to put towards student loans, which should be about $5,000 a month. So the question I have for you is, is do I go ahead and sell it, put the hundred thousand dollars towards my loans and cut my loans in half, or do I try and keep it and then continue to enjoy the cash flow from that property? Even if I'm going to be a couple hundred miles away at a residency spot? The last thing that I'll add is I am taking in about $5,000 a month on that property. It's a rent by the room Strategy. I have five different bedrooms that rent for about $1,000 a month. Again, my pit has a about 3,600. And so I do recognize that renting by the room is definitely more labor intensive and I won't have a ton of time. So I have thought about converting it into a single family rental. That would be much less time intensive for me. However, I recognize that the rents would probably not garner me $5,000 a month. It would be quite a bit less, maybe 4,000. So I will probably try and keep it as a rent by the room strategy. David, I really do appreciate your help. I know that was a bit long, but I thought it was important for you to kind of understand the situation so you can make your best assessment. Appreciate the help and hope to talk to you soon. Thanks.

[David Green]

All right, Brandon, did you know that there was a Sacramento Kings player, I believe, from Serbia, whose name was Bogdan Bogdanovich?

[Brandon Turner]

I did know that because I played a video game at some point of basketball one, and I'm pretty sure that was one of the characters.

[David Green]

It's a funny name, isn't it?

[Brandon Turner]

Yeah. What do you think, man?

[David Green]

Okay. I like him. Holding this one is my first thoughts. I like the fact that it's in Savannah, which I am actually bullish on. I think that's a good area to be in in the book, better than cash flow. I kind of break down the different ways that you make money in real estate, and one of them is what I call market appreciation equity. This is where you buy in a market that is more likely to appreciate in value more than the surrounding areas or the national average. And I think Savannah is relatively cheap compared to a lot of parts of the country. And you still get good weather. A lot of the Florida folks, they call them halfbackers, they move from New York down to South Florida, and now they're coming kind of halfway back and they're all settling in that south Georgia, north Florida area. So I think you're going to see growth there. He's got a good rate. He's got a good system of renting out the rooms. Like, if you're able to keep five rooms occupied at $1,000 a month, I don't know where else he's going to deploy 100 grand and get $5,000 of income. That's actually going to make sense. What do you think?

[Brandon Turner]

Yeah, a couple of thoughts. I also, I like the appreciation play quite a bit. I think that long term you're going to make a lot of money, more than the 7%, 6% you're paying on your student loans. I also just absolutely hate student loan debt and any kind of debt whatsoever other than real estate debt, I just hate it. And so I'm a big fan of just getting out of it as fast as possible because it just holds you back in life. But you can, like, here's the thought. It's like you could pay the 100 grand right now, and now you only have 100 grand left in student loan debt. And then you can pay out that student 100 grand over the next 10 years, or you can just let that property go up for the next five years and then pay the whole thing off. And so if you can hold it, if you got enough income to be Able to hold it. Cool. I get nervous a little bit about when I hear 3,800. You know, payment, interest, taxes, insurance, or principal interest, tax, insurance. Pity. You're at 3800 when you on a rent by the room, that's bringing in a total of five. This might just sound like aggressive, but I don't believe you're cash flowing at that. Like, I think you will lose all of that because I mean, like, and again, maybe there's some numbers I'm not understanding, but like on rent by the room, you typically pay for water, sewer, garbage, electricity, tax. I mean Internet, repairs, maintenance, vacancy, capex. I say that it's like you're paying for everything. Yeah, that, that's gonna be a thousand bucks a month. Your vacancy alone on a rent by the room, it's probably going to be 10% right there, which is 500 bucks a month just in vacancy. And so when you add all that together, I actually don't know if it's cash flowing at all at that state. Now my mind then goes to, okay, can you get nine bedrooms out of that? Like, can you get the kitchen out of there? You know, shrink the kitchen, get the living room, take a family room, turn the basement, and now you got nine bedrooms at a thousand bucks a pop. Now we're talking. Not for sure. I would then keep and just keep driving up. But yeah, my. I, I would, yeah, I would question whether or not long term you're gonna actually make much cash flow on that for the same reason we've been talking this whole show about.

[David Green]

That's a good point. I think I just assumed that he was cash flowing when he said that. But breaking it down like that. It's harder to get a tenant to rent a room than it is to find someone to rent a house. Depending on the market. But in general, yeah, most of them are like. And the ones I do that are rent by the room. We're having a problem with everyone being super bougie and wanting their own bathroom.

[Brandon Turner]

Like, yeah.

[David Green]

Even though the ones with shared bathrooms are significantly less. They're just like, nope, I do not want to share. That could be a California thing. I don't know. Maybe in Minnesota people pee in buckets and so they don't mind sharing a bathroom with somebody. But have you had that same problem with any of yours?

[Brandon Turner]

I mean, I, I only, I have two right by the room. I haven't got either rented yet. We're in the middle of the rehab on both of them. My, my understanding, I'm friends with the guy that like, you know, founded pad split and so we, we talk about this. He's been on my podcast. I think that you, you probably are going for bougier people where like a typical pad split is more people that you know. Again, not to put anybody down here, but like you work at target, you're making 11 an hour. Those people, they can't afford 1500 dollars a month for a studio apartment. So they are happy to pay 9 for a bedroom and they're happy to share the bathroom because they just don't have any other options. There is nothing. I do think California is a little different. The I. The interesting thing about rent by the room is that the rent the room, the room rental rate for rent by the room is about the same. No matter where you go, it's always about a thousand dollars a month. Even if you had a million dollar house or a $200,000 house, it doesn't really make a big difference. So rent by the room works really, really well in markets where the rent is high. Like average rent is high, but it doesn't have to be California. So. Yeah. So I don't know, I guess I would lean. Yeah, for all that reasons, I would probably lean towards selling the property. I might question this though. I mean here's just a off the. Off the wall. Is that the right phrase? Like a out left field sort of idea. If you could take that 200k, don't pay your parents back yet, ask them to roll it into another deal, take that 200k and go flip a few houses for cash. No debt, no whatever. Just find some houses you can buy for 200 grand, flip those houses, turn that 2 into 250, turn that 250 into 3. 3 to 350. 350 to 4. Now split that with your parents, take the 200k, pay off your student loan debt and your parents get their money out as well. You can probably do that in two years or less. I understand though, being a resident or doing residency, you might not have time to flip houses. But I would love. What's that phrase you always use, David? Like you got to multiply your money first. Is that what it is? Or you got to like something, your money and then you can scale it.

[David Green]

Yeah, it was basically make it, amplify it and invest it. Yeah.

[Brandon Turner]

So you got to amplify that money before you go and invest it at 12%, best case, 12. Cash on cash is what you're making, but in reality you're probably half that or less.

[David Green]

I had no idea that you were listening to the things I said. I thought you only quoted yourself.

[Brandon Turner]

I also listened to you. In fact, I was on a podcast this morning. The Real Estate rer. You know, whatever. Oh, it's from Omaha. They're gonna hate that. I just butchered their name. It's the Real Estate Investors Association. Radio Rea. Ria Radio. Anyway, and I. I quoted you several times. It's like my friend David Green says, blah, blah, blah. And we talked about you.

[David Green]

That is me.

[Brandon Turner]

They actually asked me. That was a good question. One of the best podcast questions I've ever been asked. They said, you have to fight either David Green, Josh Dworkin, AJ Osborne, Alex Feliz, or shoot. There was one more in there. J. Scott. And who is the easiest to tap out and to win? And you have to.

[David Green]

I got thrown into. That's the people that they put me in the category with.

[Brandon Turner]

That's what they put you with.

[David Green]

Was this an ego test to see how prideful I am?

[Brandon Turner]

No, but you should go listen to. I did not say you. I did say somebody else have to go listen to the episode of the Rearrange.

[David Green]

I feel like I know who would have been said, because one of those names makes fun of us every time we roll. Like, oh, are you guys doing the thing where you hug and sweat all over each other? And how does it feel to hug another man and feel his breath on your neck? Like I would imagine that person probably doesn't.

[Brandon Turner]

Yeah, that's exactly what I think I said. That's probably who I said. But I did say the person I would least likely hope to dominate was David Green, because that guy's a beast. So I did.

[David Green]

We had some pretty good sessions because I think you had a lot more training than me, and your cardio was better. People don't understand. Yeah, everyone thinks they're a tough guy until they get freaking tired, man. Chill. Sonnen has a quote. I've heard him say that fatigue makes a coward of all men.

[Brandon Turner]

That's a good question.

[David Green]

When you get tired, it is a complete. I've never in my life been jealous of small, short, petite men until I took Jiu Jitsu. And I would catch myself looking at a guy, 5 foot 1, 110 pounds, thinking he's so lucky. I wish I was born 110 pounds. And no one would ever think that until you actually go try to do it.

[Brandon Turner]

Yeah, you can just last forever or just become a runner. Like, I've. I have good endurance because I'm a runner, and so Like, I can. I can breathe while rolling quite a bit. Like, I can.

[David Green]

You have a really good build for it also. Like, you're. You're very sneaky. Yes. You're like, your legs are long, your arms are long. And so you would. I would always be surprised. Like, there's no way he could reach me from where. No, you did. You were sort of, I would say, like Dulcim from Street Fighter.

[Brandon Turner]

So I go for. I haven't rolled in forever, though. I miss it. But the only jiu jitsu gyms in my area, they only roll at 6:00 at night. There's, like, two of them. They're both six o'clock at night when.

[David Green]

The sun goes down.

[Brandon Turner]

Yeah, I'm like, I can't do it without. Like, I can't just leave my kids, like, a couple times a week.

[David Green]

No. But I'm sorry. And we can set up something out there.

[Brandon Turner]

And I know we need, like, a daytime. Though I did hear Jerry, our good friend Jerry, just opened up a gym. It's like 40 minutes away, 30 minutes away. But they have a new.

[David Green]

Is it in Kahului?

[Brandon Turner]

Yeah, it's up in Kahului. So in reality, I probably get there in 25 minutes at noon because there's no. No traffic. So I could drive 25 minutes, roll at noon, be back home. I'd only miss two hours of my day, you know, 30 minutes there, our roll, 30 minutes.

[David Green]

That's hard right now, though.

[Brandon Turner]

It's hard.

[David Green]

You're burning the kennel on both ends right now.

[Brandon Turner]

Yeah. Two hours in the middle of the day is not really a thing I can do right now, but maybe in the next year I can easily.

[David Green]

Yeah, I mean, that's like. That's like a whole day of work for a normal person. 2 hours. Especially in the middle of your day.

[Brandon Turner]

I can just do what rich people do. And that is, I could literally just call Jerry and be like, hey, I'll pay you double of what I used to pay you, but drive to my house. And then he'd probably drive here, and I'd probably spend a thousand bucks a month, and I'd have private instruction multiple times a week. I'm just being lazy.

[David Green]

Could you get it? Could you take it out of your haircut budget or your massage budget?

[Brandon Turner]

I can't take out a massage budget. I can't. I can't mess with that one haircut. I could have Heather cut my hair.

[David Green]

Good answer. All right, moving into the next section of the show. This is the comment section. I'm David Green. He's Brandon Turner. And this is the part where we read comments from my YouTube or my social media where y'all make incredible fun of me. And I put myself up here because I don't have as much of an ego as Brandon wants to think I do. And take it in the chest. First comment comes from the Mortgage Monday episode where we talked about what happens if your home is destroyed and you don't have homeowners insurance on it. From Tasha Wong said in Hawaii, we are being told that our wind insurance is no longer available and we now need to find wind insurance on our own. Brandon, what do you think about this Hawaiian wind insurance problem?

[Brandon Turner]

I've never heard that. I don't, I don't think that's a thing. I could be wrong.

[David Green]

I hope it's not a thing.

[Brandon Turner]

It's definitely. It's not a thing.

[David Green]

And I think that in Hawaii particularly. Please don't roast me, Hawaiians, we love you. There is a bit of a culture of, like, I heard from someone who said. Who said a bad thing and then they.

[Brandon Turner]

Yeah, Coconut wireless. That's okay.

[David Green]

There's a name for it. Yeah, I noticed it. I didn't know how to put a phrase into it. So this may have been talk around the coconut tree and it might not be accurate.

[Brandon Turner]

Yeah, I mean, I. If they. Yeah, I don't know. First of all, wind insurance, like, I don't even have wind. Just called it home insurance. Like it covers wind.

[David Green]

I think what she's saying is the home insurance policies no longer cover wind and so they have to. To get wind coverage, they have to get separate insurance.

[Brandon Turner]

Yeah, I mean, I've not heard of it. I've not seen it. We don't even have a wind problem where I'm at. Like, I don't know many areas of Hawaii that have a real bad wind. Wind problem. Like this isn't Florida, the coast.

[David Green]

And you live really high up on the mountain, so you would know if there was. You live with the rich people.

[Brandon Turner]

I, I do. I, I live with the medium rich people.

[David Green]

I'm sorry. I know there are much richer people than you in Maui.

[Brandon Turner]

That is, the rich people are down at the beach, we're up on the hill, we're up in the slums at the four million dollar houses.

[David Green]

Solid point.

[Brandon Turner]

40. Yeah.

[David Green]

He's joking. All right, our next one. If you're from Hawaii, let me know in the comment section what's up with this wind rumor so that we can get rid of disinformation and misinformation and increase wind information or go get better insurance. Brandon needs to get somebody working on that. From Angela Yan I am not sure if I like your opinion that you think there are many tech workers only working a few hours a day. Do you know the stress of working at Facebook, Google and Amazon etc when you are reviewed several times a year you are judged on that you may never be good enough and are replaceable not just by AI but by someone younger or possibly more talented than than you. I don't have those jobs but I have friends in tech and we live in the Bay Area. But I do see your point that there is a huge need for blue collar jobs and I love it. When I meet young folks that want to go into plumbing, electrical or construction, I praise them hugely. First off, nice use of the word hugely. I've never heard a person say that other than Donald Trump one time. It's going to be big. It's going to be hugely, hugely bigger than anything that's ever happened before. Absolutely fantastic. But, but other than that, what do you think about this comment?

[Brandon Turner]

I didn't know you were harsh on these people. But I mean do you remember the video that like took down like Elon, like took down like Twitter? It was like a girl going a day in the life working at Twitter. Do you remember this? Before Elon, right before Elon bought it.

[David Green]

Yeah. She's got a coffee cup and. Yeah. Spend two hours doing Jack.

[Brandon Turner]

Exactly. Yeah. Then I go in the meditation pod and I sit there for three hours and then I got my nails done, I get free lunch, I do that for two hours and then I get my third coffee of the day and it was like. And then I finally get to work. It's like 3:30 and I work for 30 minutes and then I leave by 4.

[David Green]

Yes.

[Brandon Turner]

That is, I believe a lot of. I'm not saying every company's out there, but that definitely exists. I think the work from home thing that's going on right now, I think most people that work from home probably are not working 40 hours a week.

[David Green]

That's. Those are the people I was referring to. They work in tech, they work a three hour day. No one's there to see it, but they get paid for eight and their morale is really bad and we have so many people doing that and not enough people that are doing the blue collar jobs. That was my, the hot take I had. You know, I went and visited a couple times. You probably did too. I went to the Google campus and spoke about real estate. I went to Twitch. I saw their campus and what they had, and it was amazing. It was like you couldn't believe. It was like Richie Rich, you know, like, he's got a McDonald's in his house type of thing. They have vending machines set up that don't require any money. You just go push F4 and they have AirPods in there. They had phone chargers. If you forgot your phone charger at home so that you could just get a free phone charger and, like, keep it with you. It was like all free food, free drink, pingpong games, pool tables, video game rooms. If you were too stressed out and you needed to de stress, you go play Halo on purpose. You don't have to hide it. It wasn't like you were hiding your screen. And this was like when the economy was just cranking along and no one wanted to work. And so these companies would offer this stuff just to get somebody to work there. I don't know that everybody's like that. I think there are plenty of people that work in tech that are doing the 20% that are doing the work for the 80% that are slacking. And they probably heard me say that and they probably got offended by it, which makes sense. But I think if you looked at everybody that was at home getting paid and saw what they were doing, they're not doing close to 40 hours of work.

[Brandon Turner]

I agree.

[David Green]

I agree. Hugely. Thank you.

[Brandon Turner]

Hugely.

[David Green]

All right, from seven out, Hop Daddy. David, stay away from politics. I haven't even watched this video and I already know you are going to lose 50% of the people that watch you. I actually contacted Maury Povich about this and we did an analysis and the lie detector has determined that I have not lost anybody on my YouTube account. Still at 36,6300 people. Please share this with somebody else so we can at least gain one more. What's your thoughts, Brandon? I don't get into politics like that. I talk about political change like I was talking about tariffs, basically, like how tariffs could affect the economy and the fact that if. If they are passed, which I don't even know how much that's actually going to play out. I think that it's often you make your first offer and then they counter. Right, that's what's happening. But if it did take with some of these places, I think we have to start manufacturing stuff in the country and that puts people to work. And so I was talking about this could be like a way that we combat the AI taking away jobs as we create manufacturing jobs. And so Americans still work. Do you think that is counts as politics, and do you think I need to stay away from them?

[Brandon Turner]

I think it probably counts as politics, though. I just think it's funny. Have you ever heard a conservative say, like, stay out of politics? Like, no, no. It's like, they never. I'm not saying, okay, there are. There are conservatives that are. There are bad conservatives and annoying conservatives, and there are bad and annoying liberals, but conservatives tend to just, like, welcome dissenting opinion and debate a whole lot better. And so when somebody's like, stay away from politics, I'm like, I know who you voted for, and you can't handle the fact that somebody might have a different opinion than you. And so what you're looking for is an echo chamber. And you're like, I just want to be in a space where everyone agrees with me or they don't say it. If they do disagree with me, that's what they're actually saying. And I think that's stupid. I think that also. 90, this is going to be a bold statement, but I would guess 90% of people who listen to you and me are on the conservative side of the spectrum. That is simply because, like, you.

[David Green]

What's that?

[Brandon Turner]

There's, like, a joke around there. It's like everyone's. Everyone's liberal until they have to get their own Netflix account.

[David Green]

It's like all of a sudden, it's like, comedian. Yeah, yeah.

[Brandon Turner]

It's like, almost. Yeah, I've seen that, like, on Instagram. It's like, everyone gets conservative as they get older. When you have to start to pay taxes, and then you don't want to pay taxes, and you realize that, like, you want. If you work hard, you make more money, and therefore you have a better life for your family. People just shift conservative. So our audience is almost entirely conservative. And so, yeah, when we talk about politics, as long we're not being like, I just wish Joe Biden would just be the king of the world. I love him so much, I want to actually marry him. Am Then people might tune off. But if we're just talking about things that generally are more conservative in general, no one's getting pissed.

[David Green]

I don't think I ever give a political opinion. I think I share what. What they're doing and what we should think. I talk about Trump's housing policy and Kamala's housing policy. I did say Kamala instead of Kamala, and I got a whole lot of angry people. But I bet you that if I.

[Brandon Turner]

Had said, it's like, it's Kamala.

[David Green]

Kamala. Yeah. I bet if I had mispronounced Trump's name, I don't think conservatives would have gotten angry. You do make a solid point here, that it's only half of the people that, like, get really offended when this stuff comes up and they're not listening to you anyway. Well, I did lose one, apparently, because Maria Christina said, I used to love David and followed him on all BP episodes. But the fact that you agree with the clown's policies. I am just going to look for someone else's RE and economy adviser. I think she meant advice. She also capitalized a lot of words in there that didn't make sense. Jose Fernandez said, I bet you don't. And Anna Varia said, bye, Felicia, Next time, no need to announce your departure. No one really cares.

[Brandon Turner]

That is also another thing. People love to announce their departures like, this is ridiculous. I am leaving here. And then they don't. They just say that I need a better echo chamber. I don't like that you disagree with my beliefs on how the world works. So I'm going to go find a new room.

[David Green]

I just don't know that I said I agree with his policies. I think I said this is what he's planning to do. You should know about that. You live in. In the economy where this is going to have a big effect.

[Brandon Turner]

Okay, give me a few minutes. I'm on a phone call.

[David Green]

Is that Wilder? You want to bring him in? Wilder.

[Brandon Turner]

Want to come say hi? Come here. Look, look, it's Uncle David. I'm Uncle David.

[David Green]

Hey, buddy.

[Brandon Turner]

We're going through our emo phase right now. Look at this.

[David Green]

Wow, he is emo. Are you over there listening to Fallout Boy?

[Brendan Bogdanovich]

Yeah.

[Brandon Turner]

Will you do me a favor? I want you to say really loud, where are you? Try it.

[David Green]

No, he got us. He got us.

[Brandon Turner]

You tricked me. Get out of here. All right, I'm gonna be in the house in a few minutes to look at your Minecraft tape. Okay? I gotta finish my. I gotta finish this. Okay? Okay. Okay. Thank you, booty butt.

[David Green]

All right.

[Brandon Turner]

All right.

[David Green]

That was my nephew Wilder, looking as cute as ever and keeping Brandon on his toes. All right, thanks for joining me in the comment section there. All right, folks, the last segment of the show, I'm gonna get Brandon out of here. He's got a cute little boy that needs some attention, and I love that kid, so I want him to get some. The last segment is Quick Hitters. This is where we take statements from you guys from social media and share them for Everyone to hear because they're often hilarious. All right, first quick hitter from Gordon Mack, bro, where you at? One video every two weeks ain't gonna cut it. Consistency is key. I don't know if he's sad that I'm not posting more or if he is throwing shade. What do you think there?

[Brandon Turner]

I think both. I think he's holding you to a higher level. That something that you are capable of and you are slacking on and you need to step up. Mr. David Green.

[David Green]

Solid point. My social media is way behind. I don't post hardly anything. In fact, the last post I had came from Brandon himself, who said, you need to put this on your Instagram. You haven't posted in a long time.

[Brandon Turner]

It did really well, didn't it?

[David Green]

It did amazing. I mean, if you guys want to know what I look like without a shirt on, go check out Instagram. You're in for a treat about one of my Smoky Mountain properties. You're going to show it to everybody on YouTube, aren't you? Or are you to show them yours?

[Brandon Turner]

I might. You know, we'll see. I want to show you this one. It's going to be kind of hard to see. I found a new AI app that will. That will give me tattoos. Look at that guy. Look at that handsome devil right there.

[David Green]

Man. That. Look at that. That literally is a devil. Did you say make me look like a handsome devil? No, I just. My favorite part is the belly button.

[Brandon Turner]

I know. Yeah, the belly button mouth like. Yeah.

[David Green]

If you guys are listening to this on Apple or Spotify, thank you so much for doing so. Let me just say you saved yourself nightmare fuel that everybody on YouTube just had to experience.

[Brandon Turner]

I gotta find you anyway. Keep going.

[David Green]

All right, our next quote comes from Chase the Golden Life, who said sweet place death. Not an A frame, though. This is on one of my Smoky Mountain cabins that I did some work on. This is me hugging a very white and beta looking version of Jesus with a halo around his head. Again, somewhat disturbing, but AI is weird.

[Brandon Turner]

AI is weird.

[David Green]

It maybe it wasn't an A frame. Guys, go check out CTC getaways on Instagram. Look at the post. That has what I thought was an A frame cabin because it looks like an A and it's the frame. And tell me what I got wrong. And if you're one of those structural experts, maybe we can bring you on the show and you can explain what exactly A mid century modern versus ranch versus a colonial. What are all the other things that you hear on House Hunters that You thought would be a part of real estate that you never hear ever.

[Brandon Turner]

Yeah, that's.

[David Green]

That's it, right? You're like, I don't know what any of those things mean. I must be the only idiot. No, even the us, we're bigger idiots. We don't know what any of that is ever.

[Brandon Turner]

It's a pretty house. That's what it is.

[David Green]

From legacy op. Plumbers are not overpriced because of a lack of them. That's a ridiculous statement. Okay, legacy op, why do you think plumbers are overpriced? What do you think, Brandon? Why are plumbers overpriced? Overpriced? Or is it.

[Brandon Turner]

I think supply and demand is a myth. I think. I think supplying demand is a myth. So whatever, it doesn't. Doesn't exist.

[David Green]

Do you think that legacy op is a plumber? And he doesn't like that. I'm saying that it should be cheap, maybe.

[Brandon Turner]

I think if there were 10,000 plumbers in your neighborhood, I think that change in a toilet would be like 85 bucks. But because there's like four and they take three weeks to get in, it's $850 to change the toilet.

[David Green]

That was my literal point. I have a property. I need the toilet changed. We. My assistant Angela called a plumber. She was quoted eleven hundred dollars. She called me and I said, do me a favor. I'm going to make this a teaching point. Go to home depot.com and Google how much a toilet costs. And she did. And it's like, I mean, 100 bucks or something, 120 bucks, maybe 150. And then say, call him back and ask him how long it takes him to install a toilet, but don't tell him how much we want to pay. And she said, he said he could have it done in an hour. I was like, so basically, he's asking for $1,000 an hour to put in a toilet. Right. I think that's overpriced. We ended up finding a handyman that knows how to connect wire tubes together. That. That did it for 100 bucks of labor and picked up the toilet. And it was like 150 bucks for that. I don't know what it was, but, yep, way cheaper. And you don't need a super skilled plumber to fix that problem. So legacy op, if you think they're not overpriced. I don't know. Maybe you don't live where I do. And from Jeff Reagan, what's the best way to get an alert for your meetups? Is anything in Los Angeles coming up? Unfortunately, no. I don't have anything in coming up in Los Angeles. I don't know. Are people still doing meetups? Are you doing them out there in Maui?

[Brandon Turner]

I mean, people are definitely doing them. We don't.

[David Green]

We.

[Brandon Turner]

There is one in Maui I don't go to very often Saturday morning, which is like family time. But we are having the REI Summit 2025 where David Green and I will be hanging out together. Get your tickets@rei summit2025.com look at that.

[David Green]

Wow, you sound like you rehearsed that. That's really good, man. You got a silky radio voice.

[Brandon Turner]

It's my radio voice.

[David Green]

Do you think radio will ever make a comeback?

[Brandon Turner]

I think radio and podcasting will someday kind of more merge into a just digital listening experience. And I don't know what that looks like, but I don't think listening is going away. That said, when everybody. I still don't think it will. When everyone is not driving their car. I mean, five years from now, no one's driving a car. Maybe ten at most.

[Sarah Schoolcraft]

Right?

[Brandon Turner]

We're all to be driven around. Do we just all just stop listening? Because now you can actually read or watch a movie or something or scroll tick tock the whole time.

[David Green]

Or we just close our eyes and a movie plays in our brain or something like that.

[Brandon Turner]

That's probably likely you put on your oculus or something. Yeah.

[David Green]

Disturbing stuff. All right, everybody, I'm David Green. He's Brandon Turner. We hope you enjoyed this episode of Seeing Green. I sure did. Brandon. If people want to follow you, if they're like, who's this guy that's really handsome and really fit and has very disturbing and cringy tattoos? Where can they find you?

[Brandon Turner]

You can go to cringy tattoo.com and follow. You can follow me anywhere you get your social fix at Beardy Brandon.

[David Green]

There you go. Look up Beardy Brandon. And if you are interested in a faith based community where we talk about the Bible, we interpret it in its proper context and we walk people through, especially like newer Christians. That's a great opportunity. Send me a DM that says faith on Instagram. Also go check out Better Than Cash Flow, available now in paperback. Brandon, thanks for joining me. I'm going to let you get out of here. We'll do this again sometime.

[Brandon Turner]

Thank you for having me.

[David Green]

This is David Green for the handsome devil himself, Brandon Turner, signing off.