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Coffee with Danielle How We Invest Our Money Part 2

How We Invest Our Money in Stocks, Bitcoin, Real Estate, and more. Part 2 | Ep. 194 | Business Podcast

How We Invest Our Money in Stocks, Bitcoin, Real Estate, and more. Part 2 | Ep. 194 | Business Podcast

Coffee with Danielle How We Invest Our Money Part 2
Coffee with Danielle How We Invest Our Money Part 2

Summary

This Friday Danielle and I pick up our conversation from Ep. 189 where we started talking about how and where we invest the money we make from our businesses.

Today Danielle lays out her real estate investing strategy. How she got started, alternative financing products, how she manages her properties, what she looks for and more real estate investing high percentage tips.

We want to help you make some money by investing!

Brandon uses Coinbase and you can make an instant $10 by buying or selling $100 or more of cryptocurrency on Coinbase when you use this link.


Tranparency and Disclaimer:
1) by using the link above we receive $10 for referring you to Coinbase.

2) we are not financial advisors and we are not offering advice, only sharing what we do with our investing. Our risk tolorance and knowledge is different than yours. Be sure to consult a professional before making any investment decisions based on what you hear in this episode.

Hello friends,

Brandon:

Welcome to the Edge. Today is part two of having coffee with Danielle talking about how we invest our money and Danielle today lays out her real estate investing strategy. She has over 10 properties and we talk all about how she put this whole program together. If you want to jump right to the meat of it, fast forward two minute 22 if you want to catch up on the things we’ve been doing in our business and things happen in the world today, then enjoy the start through minute 22 after a minute 22 we jump right into Danielle’s investing strategy.

Brandon:

Here we go.

Brandon:

Welcome to the Edge podcast, your weekly playbook about the inner game of building a successful business, making you a happier, healthier and richer business owner and here’s your host, Brandon White and y’all Jenkins friday, Hey happy friday, look at that. You got, I mean what are you doing man?

Brandon:

You got that tree, I saw it on instagram and I felt like it was a little bit ahead of its time.

Brandon:

So you’re right. Usually I do not put up my Christmas tree until December one but on sunday last week I woke up and it was like like little flurries of snow and it was just the most perfect day and I did so much stuff.

Brandon:

I actually went a little bit christmas shopping and then I was like, you know what, I’m gonna come home, we’re going to open a bottle of champagne and we’re gonna put up the christmas tree. I was just christmasy on sunday make it puts pressure on the rest of us?

Brandon:

Some people put up their Christmas tree like November one.

Brandon:

I find it, I find it problematic, but hey, look, you know, if people want to celebrate, who am I to say that? I just think it’s sort of crazy to do that. But um, mainly because it puts puts pressure on me, get the christmas tree out of the garage, which inevitably that will ask for, which means like I get on the ladder and about kill myself to get this stupid tree down from the, we have, I guess that looks like a fake tree to, it is a fake tree.

Brandon:

Yeah, it’s all the folk, a tree I think.

Brandon:

So it has elements of a real tree and a fake tree that are plastic.

Brandon:

It looks real.

Brandon:

Yeah, ours looks real. It’s like one of those expensive ones. We got it on sale like the day after christmas or something.

Brandon:

But yeah, they’re super expensive and they look real and they don’t want to say they’re easy to put up, but They’re easier than dragging that tree and I’m 5050 on the whole tree thing.

Brandon:

I don’t know about you, but people are like, Oh, you don’t cut down trees as well.

Brandon:

They do replant the forest.

Brandon:

Yes, they do.

Brandon:

I mean it’s not like they’re cutting down wild forest, redwood trees in the, in the, in the redwood basin? I agree, but it, it is easier. So today we are. Do you like it?

Brandon:

Oh, I like it. It’s really, it’s really pretty tree. I mean very you it’s over the top.

Brandon:

I mean it’s silver and sparkly and yeah, it’s pretty, I mean anybody who runs a company called Domestic Diva cleaning company would have a tree like that.

Brandon:

I would expect nothing absolutely less. Thank you. Thank you. Those balls are big.

Brandon:

Yeah, I have some, so I always have like a normal, like there’s some silver, regular sized and sparkly, regular sized and white. And then I have 12 decorative like really nice big ones that are placed all over. Those balls are supposed to be snowflakes.

Brandon:

There’s snowflakes in there too. I don’t know if you can see that there are in place as well and then I have one at the very top.

Brandon:

I don’t know if you can see it. There’s a little pizza ornament.

Brandon:

Pizza ornament. Well, I mean pizza needs to be represented during the holidays. That’s that’s my other half’s contribution to the tree.

Brandon:

Well, we won’t comment on his design ability, but I guess we should be grateful for that.

Brandon:

Yeah.

Brandon:

Anyways, how are you?

Brandon:

A long week?

Brandon:

Uh huh.

Brandon:

I got my body fat tested this week.

Brandon:

Yeah.

Brandon:

No, it really wasn’t.

Brandon:

But I knew I knew it wasn’t going to be as good as I had planned or had hoped so um yeah, there’s some work to do, but you wouldn’t think so.

Brandon:

But with all the bike riding I do but it just goes to show you at the end of the day.

Brandon:

You know you can ride the bike, you can exercise all day long but you can’t out exercise a bad diet.

Brandon:

I’ll give you a caveat to that because I’ve experienced it.

Brandon:

You can out exercise a bad diet if I know on the bike I can’t I don’t know what the equivalent is running.

Brandon:

But if you bike more than 150 miles a week you can basically lose weight on eating crap.

Brandon:

Mhm.

Brandon:

But if you are not putting in that sort of effort you just can’t just creeps up on you daniel.

Brandon:

Yeah but you were doing like a push up challenge.

Brandon:

Yeah early.

Brandon:

I thought you ate very well.

Brandon:

I generally eat well.

Brandon:

But I got to tell you the last I mean as I look back like last week I had a craving JIA was in town and we were doing a shutdown and I I saw a commercial for Doritos and I haven’t had Doritos.

Brandon:

I mean I don’t want to say I haven’t had him since I was a kid but I haven’t had him in a long time.

Brandon:

And you had never had a Dorito What?

Brandon:

Exactly.

Brandon:

So I said we’re gonna buy we’re gonna get some Doritos and ate the whole bag.

Brandon:

I mean you know you can’t do that.

Brandon:

Yeah you know I love your stories.

Brandon:

They make me laugh.

Brandon:

You can’t, you can’t do that.

Brandon:

And then um yeah, then she, we were getting, there’s these tri tips, tri tip is cut of beef that generally a lot of places other places other than California don’t really have it, but it’s an incredible cut of beef.

Brandon:

It tastes really good.

Brandon:

We have this, try to sandwich place that is a, like a many whole foods, if you will, it’s called New Leaf.

Brandon:

They have the best tri tip sandwiches, they have the best, that’s the best sandwich in Half Moon Bay, I’m going to call that.

Brandon:

There’s some really good burgers and stuff around here and good food, but if we’re just going to talk about a sandwich, um there’s another place downtown san Bernardino house, that’s good place.

Brandon:

But anyway, I said hey and they put it on fresh sour dough and anybody who knows san Francisco Bay area, like sour dough is the thing because of the temperature here and all this stuff and I don’t know all the, the whatever the yeast that they growed out of all came out of this one thing.

Brandon:

And yeah, sour dough is like one of those, like, it’s like a story behind it, like my grandmother had a thing of sour dough and then she made a pizza out of it and then like saved me a little piece and then it grew and then I made a pizza that’s literally what sour dough is and it’s good and if you’re going to eat bread, which I don’t eat bread, I don’t really eat any bread like that.

Brandon:

We don’t eat any waiter green.

Brandon:

That’s not, it’s really not good for you.

Brandon:

But regardless of what the whole grain marketing thing says, it’s not good for you at all.

Brandon:

But the I do eat sour dough and if you’re going to eat bread, that’s about the best bread you can eat because of the way it’s cooked and all this crap.

Brandon:

So anyway, we went in there and then she goes over and I’m walking around with, I said you gotta get this sandwich and we’re walking around and then she sees these butter um what are they calling recent?

Brandon:

Like, like they’re Reese’s pieces cups, what do they call those chocolate?

Brandon:

Still peanut butter covered in chocolate.

Brandon:

Yeah.

Brandon:

What do you call like Reese’s peanut butter cups.

Brandon:

Yeah, but they’re not racist.

Brandon:

They’re this other brand and she’s like, oh I had these and they’re so good.

Brandon:

So then you pick up that, so all this goes to say like yes, You can ride your bike and you can generally eat well.

Brandon:

But if you’re, you know, if you fall down below 60% eating well, you know, you’re you’re not not doing, I’m not £20 overweight.

Brandon:

I’m just, you know, I got It just depends.

Brandon:

Well at one time I was at 1:43, believe it or not.

Brandon:

And um so I got probably legitimately £10 if I really want to get the race weight 15.

Brandon:

So it’s fine?

Brandon:

You know I do this deck scan, it’s 98 accurate.

Brandon:

I originally started doing it one because it’s a very very very accurate body fat and it can do visual fact.

Brandon:

That’s the main thing that I’m working.

Brandon:

You worry about which is fat around the organs but it does bone density and for bike Rogers and guys like people not just guys, people like me, I have had three A.

Brandon:

C.

Brandon:

L.

Brandon:

Reconstructions and I don’t walk.

Brandon:

Yeah that’s that’s what happens to a kid who grows up in Maryland playing lacrosse and she can walk but and I have no access anymore but eventually I’ll get a new knee and it’ll all be fine but I just don’t walk.

Brandon:

It’s not as if I’m in pain.

Brandon:

I went to the stanford performance lab got really lucky to get in there and they they?

Brandon:

Re taught me how to walk in a way that is pain freeze.

Brandon:

So I did I’ve done all that but I don’t walk.

Brandon:

I probably walk, you know, I mean besides around the house and whatever, like dedicated walking, I’d probably walk six miles a week or something.

Brandon:

But bike riders can have low bone density because you do need to walk to increase the density, your bones.

Brandon:

So originally I was like man I really been right, you know I ride my bike a lot.

Brandon:

Maybe I’m not walking a lot, should I be worried about this?

Brandon:

So that’s why I originally my bone density is absolutely fine visual fats, you know, I’m not off the charts.

Brandon:

Um but ironically I didn’t gain my legs gained muscle, which makes sense because I’ve been riding more, which harshly tired.

Brandon:

Um but my muscle in other parts of my body went down, which makes sense because I, I built a home gym, but I have been going to the gym as much because I’m not anti masker, any of this crap that you and I’ve talked about it, but I just find it hard to work out in a mask.

Brandon:

Right?

Brandon:

That’s it.

Brandon:

I mean, you know, some people say, hey Brandon, it’s not a problem, good for you man.

Brandon:

But I struggle with it too.

Brandon:

So I built this home gym and I just, it’s easier and more convenient, but I’ve road more bikes and then getting to your question, then we’ll talk about what we’re supposed to talk about.

Brandon:

But um because I’m clearly on a rant this morning maybe and I don’t drink caffeine anymore, so, oh no, I haven’t drank caffeine in probably a year now.

Brandon:

And what was your reasoning behind that?

Brandon:

Just, it wasn’t good for you or you had, it definitely has an effect on you, you know, and it’s a dependent, you don’t realize it, People say, well I’m not dependent you’re absolutely dependent on and the half life of caffeine is really long.

Brandon:

So you’re if you’re drinking, If you’re not drinking caffeine at like 6:00 AM and then stopping by seven or something, I’m rounding here, then you’re going to bed with caffeine in your body, right?

Brandon:

It’s the half life is really long.

Brandon:

So you’re on this continual cycle of caffeine and I just thought that um and to get the real benefit of caffeine, it’s good not to do it.

Brandon:

So if I ever need to get jacked up, You know, if I have one cup, yeah, I could have one cup of cap.

Brandon:

I have not had though I’ve not done that.

Brandon:

I almost did that three weeks ago but I didn’t, I said I’m not gonna start it, so I’m not on caffeine.

Brandon:

Um and then go into the push up thing I am on day 48.

Brandon:

No, today Last night I think was day 48 of doing 100 push ups a day.

Brandon:

But here’s the thing that is not necessarily like the bodybuilding type lifting that I do because it’s doing strength, not different muscle fiber.

Brandon:

So I could be lose, obviously I’ve lost muscle, I’ve gained strength, my legs have gained muscle but then the muscle and the upper part of my body has turned to more fat.

Brandon:

So you know, some people be like, oh you’re over analyzing brand £10 or anything.

Brandon:

But basically if you basically have to eat right, every single meal.

Brandon:

Yeah, and then you’ll lose about £2.5 of fat a week now women can be a little bit different, but if you stick to it, so it’s all doable.

Brandon:

I mean, yeah, I eat a very high protein diet.

Brandon:

That’s good, which I know you have referenced many times with my steaks and things, but that’s why I like doing cardio.

Brandon:

I like to work my organs, my heart, um, keep my lungs good.

Brandon:

I do drink coffee, but I also have no problem sleeping.

Brandon:

So, you know, I wake up, I can have a good routine and we’ve talked about that many times in the mornings, you know, your, your daily in your morning routine, but at nighttime I could drink a cup of coffee before going to bed and I would go to sleep at my normal time and sleep solid all night and wake up at a normal time.

Brandon:

That’s really good.

Brandon:

How’s the pellet ongoing.

Brandon:

Love the peloton.

Brandon:

Um, that’s a great invention.

Brandon:

It’s just like, great.

Brandon:

Like you and I talked about, you know, going to the gym and struggling with the masks and things like that and I just love it.

Brandon:

It’s downstairs in my basement and I just ride and I get a good sweat on and a good workout in and I just feel good after who’s your favorite instructor so far.

Brandon:

Um, Ooh, I like Alex Alex sam, you know his last name?

Brandon:

Tucson?

Brandon:

Yeah, him and Cody.

Brandon:

Bigsby Grigsby or something like that.

Brandon:

Yeah, yeah, he’s great.

Brandon:

I love his energy and there’s another really well known guy, um oh, for me, I’m forgetting what his name is, but well that’s good.

Brandon:

Are you just doing mostly biking?

Brandon:

Yeah, I mean I do my own strength workouts and stuff, right?

Brandon:

So I don’t need the peloton to really go through those.

Brandon:

So I’ll do my own little workouts either before or after.

Brandon:

But I do enjoy the stretch is like, they have a good stretch program that they do right after their um, cycles and I love them.

Brandon:

I think they’re great.

Brandon:

I do my own meditation in my own, so I should probably check the milk because I am paying, I’m paying for it in my membership.

Brandon:

Um, but I usually just do my own, you have that new peloton so you can turn the screen around, right?

Brandon:

Yeah, we altered ours.

Brandon:

There was uh, we don’t have the new new one.

Brandon:

We have not the first generation, probably second generation, you have third generation.

Brandon:

And I was looking at their stock price and their stock price took it went down and everybody’s like, oh, peloton peloton is not over the community.

Brandon:

I mean, wouldn’t you agree?

Brandon:

You’re relatively new person?

Brandon:

Would you agree that community is pretty strong and oh my God, yeah, like the amount of people that I’ve connected with on just even rides like people high Fiving me that we’ve connected and like, you know now I have them like on instagram and you know, it’s crazy the amount of people like since I’ve gotten one, I think like four or five of my friends have purchased them.

Brandon:

Like I should be getting some kind of check from peloton for them buying bikes on affiliate program.

Brandon:

You gotta, you gotta sign up for their affiliate program.

Brandon:

I didn’t even know there was one.

Brandon:

I don’t know.

Brandon:

But I would, I would hope that there will be one.

Brandon:

Right?

Brandon:

Yeah.

Brandon:

Yeah.

Brandon:

Because I put like my little clips on instagram and then people are like, oh my God, I’ve wanted one for so long.

Brandon:

Like what do you think if you tell me to buy one, I’ll buy one literally like three or four of my girlfriends have and my mom bought one.

Brandon:

Yeah, I mean, you know, I mean I’m an outside bike roger, but when you need to ride inside it, it’s a good, it’s a very good bike.

Brandon:

I’m not, I don’t like to see it that much.

Brandon:

But as it relates to having a community instead of those old bikes where you didn’t know as a screen and sort of self motivated.

Brandon:

I mean they have challenges.

Brandon:

They, they sell out of their clothes.

Brandon:

I’m not, I don’t do this close thing, but if it does.

Brandon:

Um I gotta Pelton’s shirt I think for doing 200 rides or, but the the clothes sell out in seconds.

Brandon:

Yeah, yeah minutes.

Brandon:

I mean, so I find that interest, but I’m glad you’re, you like it.

Brandon:

Uh, you know, I saw you did, uh, a quick session between meetings and that’s, that’s what I love about it.

Brandon:

Like even like with this for example, like we’ll probably be on the podcast until like 12 30 or something, Right?

Brandon:

And then I have another call at 1 30 so I can just go down and do a quick 20 minute, right?

Brandon:

And then I can go on my call.

Brandon:

I love it.

Brandon:

Yeah, it’s great. It’s a, I think, you know, it’s the best home quote unquote community gym that I’ve seen.

Brandon:

I’d like that tonal thing mainly because it has cables, but A guy I work with is getting one.

Brandon:

So we’ll see how it is.

Brandon:

I don’t have room on a wall is the issue for it.

Brandon:

But the thing I miss is cables.

Brandon:

I have a, I have a bench, I have a pull up bar, a dip bar.

Brandon:

I have weights all the way through 45, which isn’t super heavy, but it does the job for me.

Brandon:

I have a straight bar and I have, thanks to my friend Sean a squat bar.

Brandon:

I got to get the weights for it.

Brandon:

So I mean I have a lot of that, a lot of that stuff.

Brandon:

But Yeah, well we better, we’re on minute 22 listeners.

Brandon:

I’ve been putting in the show notes.

Brandon:

I tell people, Hey, look, if you just want to skip the, you don’t want to know about what’s happening in the world or what we’re doing, then skip that we’re talking about.

Brandon:

Yeah, just like the stuff we’re catching up on from the last week.

Brandon:

Yes.

Brandon:

So today we’re doing part two of how we invest our money and you’re gonna talk about how you invest the money you make from your company.

Brandon:

So I, first of all, I wanted to add a note in regards to our conversation last week.

Brandon:

I took it upon myself in some minutes that I had to myself um to do some research on crypto.

Brandon:

Um just because like I told you before, obviously it’s just never been something that I’ve been interested in because one I’m not very techy.

Brandon:

Yeah two.

Brandon:

I’ve never spent the time to actually research it.

Brandon:

So you know, I’m not just going to throw tens of thousands of dollars to something if I have no idea what it’s all about.

Brandon:

And so I researched some and maybe I’ll just, you know, dabble and see what, what type of, when you say research did you read about it?

Brandon:

Do you have an idea I mean, do you understand what stand what it is?

Brandon:

It’s really what more just general research. So I just literally typed into google like, Bitcoin crypto, like just so I can understand, you know what I mean?

Brandon:

Like a little bit more of it because obviously I know, you know you can trade it, you can buy sell it, you know all those things just like any other stock but I still need to understand it if that makes sense right?

Brandon:

Because it’s just something that I’ve never cared to even listen or research or look into.

Brandon:

So so maybe I’ll be the next Bitcoin mug.

Brandon:

Oh you could be, I I bought it at 62,000 but it’s down to 50. You know you read all these commentaries I mean unless there’s insiders who hold and there are some insiders in the universe who hold You know thousands if not probably hundreds of thousands of bitcoins which control the market, people don’t really know but it’s off of its high, it was at 68,000 and I bought it again at 62 It’s down to 57 900 today your ethereum is up but really down for the week, it’s down to 40, Um those are my main too.

Brandon:

But yeah I mean Bitcoin cash was up to but I think the um what you might call it, I think you have to, if you go into crypto you’ve got to put the money in realizing you could lose it.

Brandon:

Yeah but I think Bitcoin is generally safe now like I mean generally nobody quote me daniel and I are not stock advisors or any advisors.

Brandon:

This is my personal opinion that I just think it’s too popular to many places are using it.

Brandon:

Countries forget that country who’s using it now as their main currency, It’s not going to go away.

Brandon:

The question is when is it going to stabilize and where is it going to go?

Brandon:

So Right what’s it what’s it going to get to as a normal cost or price?

Brandon:

Right so we’ll take that as you did some research and you’re going to allocate some of that into your alternative investment allocation of your of your investment strategy.

Brandon:

Yes, maybe I’ve been looking into it so back to investment.

Brandon:

So I know um I want to I don’t want to like drag it out like we always do because we seem to just talk about everything and anything.

Brandon:

So we were talking last week obviously about like your investment and how you are you know big in stocks and things like that and how we you know a lot of people have many different um ways of investment.

Brandon:

So I’m big in real estate.

Brandon:

I Enjoy, I feel safe in real estate.

Brandon:

Some people think I’m crazy they think you know a little like the crash of 2008.

Brandon:

So one thing that I learned um young I know I am young but younger when I was going through all of my you know issues when I was a young adult and I had a child to take care of and I was struggling and I was working eggs Ilyin hours and still no money.

Brandon:

I pretty much did so much research on how can I make money um you know while I’m sleeping or or make more money when there’s no more hours in the day.

Brandon:

So a big thing was obviously investment, I read all the books, Rich dad, poor dad, um you know all of those things just to try and kind of get some kind of insight and majority of them were, ended up being real estate, even some of them being Through the 2008 crash saying that you know, they held them, you know like that was the big thing for a lot of real estate moguls, they just held things and that kind of seems to be the bottom line of all investment is the smartest thing to do is to hold like you said about Bitcoin or crypto or whatever it could be holding, it’s probably the best thing to do and I know there’s people out there to do the day trading, right?

Brandon:

So they like put in and they pull out, they’re monitoring like daily, I don’t have the time to sit in front of my computer and monitor the markets and pull out and put in and all of those things like that’s a full time job on its own.

Brandon:

So I feel safe in real estate.

Brandon:

Um you know, there’s times sometimes where people are like, oh the market’s going to crash because of this or this, I’m not worried about it because at the end of the day, that’s my retirement right?

Brandon:

Like with my company, I don’t have a pension really that I pay into because it’s my company.

Brandon:

So at the end of the day, even if I buy one now and in 30 years when I retire it’s probably going to be worth more than what I own it for now right?

Brandon:

So that’s where my mindset is.

Brandon:

I don’t invest to live today, like that’s my end goal if that makes sense where some people invest to make money tomorrow.

Brandon:

So for me Um I guess where did I get started?

Brandon:

So actually I started trading some small stocks um when I was young through my bank at TDI had a stock trading accounts.

Brandon:

Um I think it was the Canadian, I do have Canadian and American ones now, I think it was Canadian, I was like 18.

Brandon:

Um So I invested like 100 bucks into, I think it was a rare Canada oh God, I don’t even really, I should have researched this before I even went on this or came on today, but I think they’re Canada me like I saw it grow and I got excited like this, this is a cool thing right?

Brandon:

And and I just kept it there, I don’t even know what’s in there now.

Brandon:

Same, you know, I’m not sure if you just let your stock sit there and you don’t pay attention to them, you probably do, I don’t, So I think I have probably over the last few years have probably put in like $10,000 in stocks, I probably have like 30 40,000 sitting there and just like five or six different stocks.

Brandon:

Um just and honestly I go days without even looking at it, so if I look at him and just down 40% I’m like a, you know, it is what it is, it’s just something that I did dabble in when I was young, but then when I got into real estate, so really it’s a big thing um and things are that I’m going to say are probably going to be different because your tax laws and accounting and stuff like that are much different than ours in here in Canada, but kind of the same concept, so if I say anything maybe you can elaborate on how it would work there or vice versa, so what I did to first get into real estate, so I bought my first house, so I saved up my down payment, bought my first home that I don’t own anymore because I lost it in my separation.

Brandon:

Um we weren’t married but in our separation a couple years ago um but I bought that home very cheap, I was very young, didn’t have a lot of money, so I bought a fixer upper and I bought that, put a bunch of cash into it to fix it up, lived there.

Brandon:

So then I saved that money, I knew that I wanted to get into real estate investment and so I saved up as much as I could for new construction.

Brandon:

New construction is a big thing for me.

Brandon:

I prefer new construction over any other kind of real estate.

Brandon:

So I saved up money to buy a new construction and here Sometimes they can be anywhere from 30,000 as a deposit to 100,000.

Brandon:

It just depends on the builder, the development the area, things like that.

Brandon:

So I saved up I think the first one was 40,000.

Brandon:

So I saved up to 40,000 bought a new construction.

Brandon:

So I put the deposit down, it was supposed to be built in I don’t know 11 to 12 months.

Brandon:

So that was like that was the biggest thing, I was super excited about it.

Brandon:

So I put it down all went well closed on that.

Brandon:

So here in Canada there is a mortgage product that one of the alternative lender.

Brandon:

So obviously being self employed and I’m sure it’s the same with you, we can’t get traditional mortgages as self employed right?

Brandon:

Like you know you can’t go to the bank and get a traditional mortgage.

Brandon:

Usually it’s alternative.

Brandon:

So here in Canada at an alternative lender, there is a product that if you purchase a new construction and the value of the home of the new build goes up enough you can get the as long as you put your deposit down, which you have to so there’s no way around that.

Brandon:

You can use the equity that is already went up for the remainder of your down payment.

Brandon:

Does that make sense?

Brandon:

Do you understand that?

Brandon:

It seems to make sense there, but it’s all fake, it’s all fake money.

Brandon:

It is yes.

Brandon:

So further just giving you credit for the for the increase in price and you’re still going to have to mortgage that money.

Brandon:

But they’re saying that that increase will take that as credit for your down payment.

Brandon:

Right? Exactly.

Brandon:

So What had happened, I knew that I put this 40,000 down, I was going to meet, I think it was another 70,000 to close on this for the down payment, which was going to be the 20% to be able to close here in Canada, you have to put 20% down um with an alternative lender and I’ve always had alternative mortgage because I’ve always been self employed.

Brandon:

So I saved up an additional 70,000 to be ready to close on this place. And that was hard. It’s hard saving money. It’s, I hate it. Like you know, we may have these assets and we may be very good at at holding all of this, but I hate saving money.

Brandon:

I really do.

Brandon:

And I’m sure you’re gonna test it. It’s hard like these people, I understand how hard it is to save money like you really have to have a set goal and like I knew that if I was not going to save that money, I was gonna get sued because I was not gonna be able to close on that house and I was gonna being sued.

Brandon:

So why is it why is it? I’m curious why is it hard to save money?

Brandon:

I just I have always are you spending it?

Brandon:

You know what I don’t want to say it’s hard.

Brandon:

I can I don’t maybe it’s not hard. I don’t like to like I didn’t I don’t see you buying, you know, I’m sure you have nice things but I mean look some people do have trouble saving money because they spend it or they don’t make enough.

Brandon:

I mean that’s that’s a separate, that’s another issue.

Brandon:

That’s another episode. But the you know I I generally, I’ll be honest, I generally don’t have any trouble saving money and I like saving money mainly because I grew up poor.

Brandon:

I don’t want to say that’s not that’s an exaggeration a little, but when you do dress up with a single mom and you go through that, you know it wasn’t like we were rolling in cash and we weren’t going to Xerox for for uh winter break vacation.

Brandon:

I mean just not what we were doing.

Brandon:

So for me saving is the ability to have some sort of insurance now there’s going to be a balance at some point like well if you don’t spend it and you’re dead, it doesn’t matter.

Brandon:

But anyway, I appreciate you alive and so you don’t like it because you’d rather use the money.

Brandon:

Yes.

Brandon:

So I should be clear on that.

Brandon:

I obviously can save money because I have to, when I want to invest it, you know, I have to hold on to money to get to an amount and then just, you know, use it I think, yeah, I don’t like to because I like to utilize that money and I hate it sitting there when I know that I could be utilizing it.

Brandon:

That’s I guess I should have been more clear on that.

Brandon:

I can save money.

Brandon:

There’s a big value to saving money because obviously it can get you more money.

Brandon:

I just don’t like to, at the end of the day, that’s fair.

Brandon:

Okay, so you save the $40,000 for this house, they give you the up, right, the price increase equity, you get credit for in the mortgage down payment and now you just finance that money along with the remaining balance.

Brandon:

Right?

Brandon:

So, so what had happened and I mean, I guess I maybe got, I don’t want to say lucky.

Brandon:

We talked about, you know, being in the right place, right time, right things happening and kind of things like that.

Brandon:

So I had saved up this other 70,000 to put it down on this condo and to be able to close on it short, like just before when we were working on getting the mortgage for it.

Brandon:

Um we did this this product whereby, so what had happened, I purchased a place for, I think, don’t quote me, I think it was around 600 It went up to like 7:30, so there was $130,000 in there minus the Ford had already put down and I only needed 70 and I think the product goes up to 70% loan to value, so they will give you that up to 70%.

Brandon:

So Basically I didn’t have to put any other money down, I already put my 40 and they had taken the rest.

Brandon:

It was a big choice because my mortgage was obviously going to be higher, but I knew that I could rent it out to cover that.

Brandon:

There’s a big scary moment that was pivotal, right?

Brandon:

Because this is now all like holy sh it it’s real getting tenants, I’m getting a mortgage for this property that I’m not living in.

Brandon:

Like, it’s a lot when you’re not used to doing it, it’s a lot and I can understand where it’s, it’s scary for people that are trying to get into it.

Brandon:

So then I went ahead with all of that and I was like, well this is where I want to be.

Brandon:

I know this is what I want and need to be able to get to where I want to be and how I can make more money without having to work exactly in more hours.

Brandon:

So I did that then I have this an additional $70,000 left because I just saved it up to put down that I didn’t really need to put down.

Brandon:

So I bought two more constructions With those because the deposits on that with 35 and then it just went from there.

Brandon:

So then two years later I refinanced Because it had went up.

Brandon:

I mean obviously again we’re not financial advisors.

Brandon:

This is just sign of the times.

Brandon:

This is just like what happens to us.

Brandon:

It may not or may happen to you.

Brandon:

I’m not definitely not saying that all properties are going to go up 400,000 when you buy them Some go up you’re just saying what you did.

Brandon:

Yeah we’re doing here.

Brandon:

I’m just giving a total disclaimer here. I got very lucky with that property, it went up even more in the area so I was able to refinance and take another $60,000 out two years later. So that property, I was lucky I want to say it set me up to be able to you know to get into it.

Brandon:

But I was also in a in a growth hustle mode. I mean I still am, I’m still acquiring more that is something that is big and important for me.

Brandon:

So um and that’s where it kind of all started from there. So you know whenever I can I refinance because they’re taking care of the properties are being covered by the mortgage is like the rent that people are paying is covering the mortgages. I have one property that I, the more the rent doesn’t cover the mortgage, but and I guess this goes back, this goes back to the savings, sorry, that should have been off, this goes back to the saving.

Brandon:

Um There’s one property that costs me $500 out of my own money a month.

Brandon:

Um the rent is lower and I just did that out of the goodness of my heart, but at the same time it’s a property that I’ve acquired that I own, it’s like a savings plan?

Brandon:

Right?

Brandon:

So I’m putting $500 a month into that and in 20 years, if I still own it, it’ll just be, you know that $500 a month will be worth way more. So to me, I don’t mind doing it on that one. Um You know, every property has its own kind of scenario and that’s where we went from there. So along the line, obviously my accountants and lawyers were going well, you know, you kinda have to be careful here because now you have a lot in your own and you also have retained earnings in the company.

Brandon:

So how do you want to deal with this because you obviously want to get screwed for taxes and things like that.

Brandon:

So now we are not now. But then we acquired a holding company, um that borrows money from domestic divas cleaning co inc uh a low interest rate.

Brandon:

So it’s a tax write off to purchase more.

Brandon:

And so that’s where it is. So then it’s me very minimal and that other company owns all of them. So on paper, you know, for tax reasons and I hope the government isn’t listening to this, but for tax reasons, um Danielle doesn’t own much the company does and that’s what we do with that money.

Brandon:

So, Well, it’s all totally legal.

Brandon:

Just, I mean, I’m just saying, you know, I think we all, and including me, I find myself apologizing for following the laws that were built that allow us to do this.

Brandon:

Most of us just knowing how to do it.

Brandon:

I mean, I mean, the fact is, most people are under understand this.

Brandon:

They don’t understand the tax advantages of doing these things and it’s not illegal, but you’re like, oh, I’m saving money as if these governments around the world have indoctrinated us into believing that it’s bad things, not give them money.

Brandon:

Yeah, it’s a bad thing to earn money and it’s a bad thing not to give it to him.

Brandon:

I think that’s just bullshit, but and I think that narrative, I’m so I’m so over it, Danielle, I’m so over it.

Brandon:

But anyway, go ahead.

Brandon:

Yeah, no, I agree.

Brandon:

But yeah, so that’s so that’s what we do. So basically the company so domestic divas cleaning co retained earnings they lend and look at it as and I mean I’m sure you understand this, but for anybody listening I guess look at it as two individual people.

Brandon:

one company is lending money to another at a low interest rate.

Brandon:

The company, you know, they write off that attack. So the holding code for the company right off that tax and the company doesn’t have any record, it doesn’t have as much retained earnings.

Brandon:

Um So so yeah, so I mean I’m gonna be honest, I don’t know too much about the accounting side of things. I know the figures at the end of the year and and throughout the year I’m not an accountant.

Brandon:

I choose not to because I have so many other things going on in my head, I don’t need to fill it with all of those things. That’s why we have professionals. Um But yeah, so that’s how I got started and that’s that’s what I like to do. So I’m sorry now I have 10 rented out um and to being built and you know, I’m acquiring more. I love it. I initially wanted five, that was my goal and I honestly I thought that that was never going to happen.

Brandon:

I thought that that was kind of like a dream come true. Um And then you know, you just keep doing more and more and I love it. I think it’s great I mean it isn’t for the faint of heart. I mean there’s obviously things that come along with having tenants but I think that comes with everything you know like as a company we have employees you have to get them, you have to trust that they’re going to be great.

Brandon:

You have to do your due diligence and you have to do the same with tenants and I treat them well you know I I remember their birthdays and I helped them out I don’t give them too much. Obviously you have to you know if they don’t want you don’t want them to take advantage and things like that.

Brandon:

But you know there’s um I treat them well. I treat them like my employees because at the end of the day they make me money and that’s I guess the way we have to look at things so I treat them well and I treat the property as well and but you know we can talk more like the one I just acquired one so I have one closing, let me think about this one closing in March april it just got pushed, it was supposed to close january or december january.

Brandon:

Just got pushed.

Brandon:

Um one closing next october which also got pushed.

Brandon:

I think Covid’s kind of been a big factor in that and then we were acquiring one that my friend and I went in on I think I was telling you about that.

Brandon:

We went in and we split the deposit on that and I’m gonna be honest, you always have to follow your gut And this is a big thing, especially with any real estate or any investment.

Brandon:

I think it’s important and maybe you can attest to this after.

Brandon:

So we put down the deposit. Um but no, no papers had been signed yet. So we had given our copies of the Bank draft for the deposit. I think the deposit was 42,000 total. So it ended up being 21,000 each person.

Brandon:

So we we gave the deposit um in a bank draft we sent it to them.

Brandon:

I was near Niagara Falls. Do you know where Niagara Falls is?

Brandon:

I I do. Okay. All right. Well I don’t know, maybe you don’t. I know my geography. Yes, I know where Niagara Falls is. Seems like seems like a destination area.

Brandon:

Perfect. Yeah, it’s beautiful. And I mean that’s why we chose this development. So they’re stacked townhouses quick and easy.

Brandon:

You know, it’s supposed to be done in 2023. They said spring of 2023. So we thought perfect, well each about 21,000 down. You know, by the time it’s built probably go up about 50,000 will either hold it and sell it after a year or we will rent it out maybe by then tourism like it just depends on what’s going on in the world, right?

Brandon:

Like maybe tourism will open back up again, maybe it’ll be good for Airbnb who knows? So so we had talked about all these things, we got everything kind of pre drafted with the lawyers. Um even with friends, everybody listening, get your ship signed through a lawyer.

Brandon:

It will save your friendship and save your ask at the end.

Brandon:

And so so we did all that and we never actually went and signed the agreement yet.

Brandon:

They were saying that they would let us know mid november.

Brandon:

So we got in touch with the guy and when we put the deposit down on this, he said please hurry up and fill out the worksheet because we only have two units left. I thought oh that’s great. Like places selling out like hot cakes like this is going to be a great investment. The area is a great investment um lots going on there. So I felt really good about it.

Brandon:

So that’s what he said and then we sent him a picture of the bank draft or the certified check um for for the deposit and then still no update on when we can go and do the signing because once you sign like that’s it like you’re in so it’s been a few weeks and so I was talking with kelly on it and I said listen like I kind of a bad feeling about this.

Brandon:

So she messaged the guy and said um like any update on, on when we can sign.

Brandon:

And he said, well we haven’t sold enough yet.

Brandon:

And I said, that’s it.

Brandon:

I said like we’re pulling out on this one because the thing is one, he lied about the fact that there was only two left and that we needed to hurry up and get in a saab.

Brandon:

I think in Canada, I Not sure, don’t quote me on this.

Brandon:

I think a builder has to sell like 60 or 70% before they can actually start digging so they can always have the money to be able to finish the project.

Brandon:

Right? So, um, yeah, so I said, you know, I don’t feel comfortable. So I said, well give it to the end of november because if they can’t sell now, um, investors are hot here, you know, like people will buy 23 or even five of them at a time and I just don’t feel confident that it’s been on the market for so long and we just did some more research.

Brandon:

Always do your research, they actually tried to sell this project pre Covid as well.

Brandon:

And then Covid, nobody was buying at the initial, like at the beginning of Covid, because everybody thought that the whole market was gonna crash again and nobody was going to buy.

Brandon:

So it took a few months before investors starting and started investing in properties again.

Brandon:

And and so then they put the project on hold and now they reopened it back up again and I said, you know, we’ll give it till november, but if they don’t let us sign or you know sell enough by the end of november, then we’re backing out.

Brandon:

So you know, things like that do happen. Um We haven’t lost any money but it’s a risk, right?

Brandon:

Like you just never know. Um And sometimes you have to like really telling people down, people get very excited.

Brandon:

My girlfriend, she’s an amazing woman, I love her dearly, but she gets very excited about things like this and she was like oh my God, it’s gonna go up like 300,000 and you know, I’m gonna make 100 and 50,000 on this and I’m like well, you know, let’s just uh let’s not count our eggs before they are laid, right?

Brandon:

So um yeah, so it’s fine.

Brandon:

I I like it just like you kind of get a rush out of the crypto in the Bitcoin and stuff, I enjoy real estate thoroughly and and don’t plan on slowing down any time.

Brandon:

And the fact that I started young, I mean it’s never too late I think to start um you know, even if you just obtain one or two.

Brandon:

Um but my reasoning for doing it now, one obviously for tax benefits of the company um to it’s my retirement, so I’m young, I’m 25 right, almost 26.

Brandon:

Um So even now at at 10, By the time I’m say 50 all of those mortgages will be paid off if not sooner and then it’ll just be money there.

Brandon:

So even if I didn’t have the company, I mean, you know, it’s it’s an investment for a reason, it’s long term.

Brandon:

Um I know a lot of people that are like crazy real estate flippers and they will buy only new builds that or or like torn down houses, but on the new build side they will buy them where they can do free assignment.

Brandon:

So they will basically by them Sell them before they even built pocket 4050K by the next one by the next one by the next one and just keep like flipping, flipping and and making quick cash.

Brandon:

But for me, I make quick, I don’t want to make quick cash now I make a living now and that’s my long term in um investment for retirement. So that’s that’s what I do.

Brandon:

So that’s me. I know it was a lot, it’s a good plan. I’ll say a few things.

Brandon:

one for listeners and it’s true in Canada, it’s during the United States, you can create your investment company and you can borrow money from your money source, however you have that whatever company you have, but there is a pegged rate, a minimum rate.

Brandon:

So I think it’s whatever the, I forgot I want, there is a rate.

Brandon:

Yeah, I just don’t want listeners to think that, Oh I’m Gonna loan the money at .00001%.

Brandon:

You you cannot do that.

Brandon:

But it is very, it is very low.

Brandon:

It’s not, it’s very low and it’s all in your own ecosystem if you set that up.

Brandon:

So I think that the second question is do you use a man, you know when I had rentals, the worst thing for us was managing the rental people.

Brandon:

I mean I’m not saying that they were a pain but things go wrong.

Brandon:

You’re gonna have issues, there’s gonna be a pipe or even a new construction.

Brandon:

There’s issues, there’s cracks and walls, they don’t let the foundation settle as long as they used to. They I mean there’s there’s 100 issues that happen these days.

Brandon:

So do you have a management company or do you actually manage your properties?

Brandon:

So that is something that has become like a new a new thing to think about. Um I’m very lucky obviously with my time that I have.

Brandon:

I mean I’m obviously very busy with the company but if there’s you know a problem I like to deal with it head on. I mean I I own it, I like to be that person that deals with the same with you know in the company when there’s a fire. I put it out. Um there’s a plumbing issue or something like that. I have people that I call like I have a great plumber here in town that will go and deal with it, things like that. I’ve been very lucky where I haven’t had to deal with crazy bad tenants so I don’t have necessarily a property management company but with that being said it has come to our attention within many of our larger clients in my prime company that it is a much needed um service.

Brandon:

So now we have started maybe thinking about opening like an umbrella, like a secondary division just for property management, one for mine and then for the rest of our clients that want them.

Brandon:

So I have two of my staff right now actually um looking at doing like a property management course, you do it online just to kind of get like an insight and maybe we’ll see what happens there.

Brandon:

So that is something that obviously we are looking at now that I’m acquiring more and more because it’s getting a little bit um hard but I’ve never had any problems like collecting rent or anything like that so I don’t necessarily want to say that it’s not an important thing.

Brandon:

I’ve just been lucky that I kind of brushed it off and never actually needed to acquire that until now. Yeah I think I mean real estate investing can be really good but it’s not without its costs and that’s including your time and you’ve been lucky so far but it does take, you still have to send, you still have to make sure you get the rent, you still have to pay the insurance, you still have to answer the phone call when they call and say X.

Brandon:

Y.

Brandon:

Z.

Brandon:

And you know it that doesn’t get equated enough in the spreadsheet over time to understand your R.

Brandon:

O.

Brandon:

I.

Brandon:

But I tend to agree with you especially holding that long term that having some sort of real estate asset I want I want to get a storage unit company or car wash.

Brandon:

That’s that’s what’s on my um I do a laundry mat too.

Brandon:

I think you know those are a big big thing here um laundry mats.

Brandon:

People love investing in them And you know what is I’ve also researched on vending machines, vending machines.

Brandon:

You can make a lot of money.

Brandon:

That that’s sort of one of those things though that you know people say that and I met some people who own vending machine um I guess you’d call them companies but you know they they run that and I think you can make money but it’s never as easy as it sounds right.

Brandon:

I mean and you still have to hire an employee to go out there and we do the vending machines and restock them and collect the money and then they get robbed.

Brandon:

I mean I’m not saying I’m just I’m just saying it’s not without its and the same thing with laundry mats.

Brandon:

I mean there’s a lot of coins that you’ve got to get out of there.

Brandon:

You know on a regular basis and they can, they can become problematic.

Brandon:

But I like on a square footage basis storage units our way are much better.

Brandon:

I am looking at a few lots to put container homes on So which are really cool.

Brandon:

I’ve done a lot of research and you can put up a really nice place for you know, under $200,000.

Brandon:

So if you can get the land you can rent it out.

Brandon:

I mainly did that.

Brandon:

I originally started that because I wanted to have another garage to put my cars because our car garages only holds two cars and I had more but I sold my one car this week.

Brandon:

Kid seemed excited sort of a Trying to get my head around it at BMW that I had at 1:35 and or I am, which is an M series car.

Brandon:

It’s not the stick shift.

Brandon:

Em for all you BMW people out there.

Brandon:

I’m a BMW guy.

Brandon:

I’m not cleaning.

Brandon:

It was uh, one car that was in 1 35.

Brandon:

I am.

Brandon:

It was experimental car in 2012 and it’s just the coolest little car.

Brandon:

It got me to California. I drove across country but I just and I really wanted to keep it but I’ve got my jeep hot rod coming.

Brandon:

I’ve got this Tesla thing, my wife has a car and just no room.

Brandon:

Yeah.

Brandon:

Yeah, no, that’s a good idea.

Brandon:

I like the idea of storage.

Brandon:

I mean there’s an egg zillion things, right?

Brandon:

That the people can do.

Brandon:

I think you just have to find what you like you trust and what you’re willing to accept.

Brandon:

I guess quote unquote problems from, I mean, you know, everything comes with potential risk or problems you’re going to have to deal with.

Brandon:

And actually I was just having this conversation with a girlfriend of mine.

Brandon:

Um, and we were talking about, you know how Covid has shown that there could be a lot of problems in something that could be flawless, you know, just even with staffing employment rules, like just, you know, little things and I literally just said that is why they say that with entrepreneurship, you really have to love what you do because if you don’t working 100 hours a week stressing about these problems with something at something that you hate your like you’ll die, like you’ll just give up, you know what I mean?

Brandon:

Where um, and so I understand where, you know that passion has to lie and you really just have to like it and I don’t like Bitcoin or crypto yet. So that’s why I do stay.

Brandon:

Look, it’s not and you know, those things aren’t for the faint of heart, it’s not a, it’s hard, it can be hard to understand that there is this thing that somebody made up that holds value that has a limited amount and that people are willing to pay that much money for and you know it’s different, it’s it’s um the whole the whole online world is different, you know there’s going to be the whole meta universe according to the facebook but I I can easily see that, I’m not saying that I would and I’ve experienced those sort of environment, I think they’re cool.

Brandon:

Is it a replacement for human contact?

Brandon:

I wonder what happens when humans don’t get touched when they don’t have that human interaction when you know what happens to the human body.

Brandon:

Yeah agreed.

Brandon:

I love like even this like you know I like that we can do this because clearly we’re a gazillion miles apart but like I’m like chomping at the bit to be able to be like okay coming to California like you know what I mean?

Brandon:

And I love that but I think as generations go on unless human contact becomes a thing, I think that’s I think we’re just gonna have to adapt to that.

Brandon:

Yeah I guess we’ll see.

Brandon:

But um sounds like you got a little mini real estate thing going there which is really cool and you know you took took one of them to sort of just prime the pump so to speak to get them all going.

Brandon:

So I I like the strategy and from a leverage if you run the spreadsheet and you do the leverage, someone else is paying your savings account.

Brandon:

It’s they’re the R.

Brandon:

O.

Brandon:

I.

Brandon:

Is a very strong return for sure.

Brandon:

It is and I mean, yeah there’s risk and you know obviously the market here was even hotter six months ago than it is now, it’s still hot, but you know, maybe it wasn’t going up in the way that maybe I wanted to, but I mean again I’m holding on right, so it’s you know, a long time and honestly at the end of the day, as long as They’re paid off in 25 years, You know, then I’ll have $10 million dollars worth of assets sitting there um that I can kind of like liquidate and then live on right.

Brandon:

Like if all else fails, that’s that’s kind of the end goal.

Brandon:

So um yeah, like and and even like I’ve looked at and I thought like I’ve talked to so many people about this, right?

Brandon:

So even with my first one, even if they necessarily didn’t have that product where I was able to have that additional 70,000 that I saved up for my down payment and then was able to buy more, I mean it would have just put me back a year, right?

Brandon:

Like I would have just saved up more money to be able to buy the next one.

Brandon:

So it would have still happened just maybe not as quick as it did because I just kind of got lucky with that product that happened um with that one, but some of them I haven’t been able to do that because the equity hasn’t went up enough.

Brandon:

You know, it’s only went up 20 or 30,000.

Brandon:

Uh now it’s worth more.

Brandon:

But at the time of closing it’s not necessarily always that way.

Brandon:

So yeah, it depends on the market.

Brandon:

You gotta get, you gotta, I mean you get a little bit of luck but I think what you said is key and I think that’s what people forget.

Brandon:

You’ve got to be willing to hold on to these things for the long term.

Brandon:

It’s just a society thing.

Brandon:

We think there’s going to be this instant, get rich, it’s going to be quick.

Brandon:

It’s going to be doing that.

Brandon:

Well, You know, had, I thought that was Bitcoin, I would have sold Bitcoin when I bought it for $400.

Brandon:

I would have sold it when it made when it went up to 1000.

Brandon:

Right?

Brandon:

And some people can say well you should have done that well maybe but I didn’t and it’s worth 57,000.

Brandon:

So do the math on Bitcoin when, when you hold Bitcoin, I mean uh and I think that’s the truth with real estate and I think, I don’t know if we’ve talked about it but there was a, let me get this wrong but it’s in a book.

Brandon:

I think I put it back on the bookshelf.

Brandon:

But there’s a study, I think I wrote about it in the newsletter, The study Peter Lynch.

Brandon:

I think it’s the Magellan Funny had it returned the highest returns over 30 years.

Brandon:

And, and I mean I’ll perform the market like crazy.

Brandon:

And they did a study on the investors in that fund.

Brandon:

I think Fidelity, I could be getting all this wrong, but I’m going out of my head this morning.

Brandon:

Uh, the company that Peter lynch and I think it’s Fidelity did, I did research on the investors in that fund.

Brandon:

So the fund itself Made money every year for 30 years except two or something.

Brandon:

I mean something crazy and outperform the market.

Brandon:

But the study found that the investors who were investing in that mutual fund time lost money, right?

Brandon:

And the reason they lost money is because they put their money in when they thought the market was going up and when the market fell they put the they took the money, they they took the money out and then they believe that they could time the market and put it in and they actually lost money.

Brandon:

That, which is crazy.

Brandon:

But it goes to what we’re talking about which is put your money in and let it sit.

Brandon:

You can’t do I look at my stocks every day.

Brandon:

I don’t know every day.

Brandon:

But I do regularly look at the market right.

Brandon:

I don’t recommend anybody who invests in the stock market or even the real estate market or any market.

Brandon:

Look at it daily.

Brandon:

It’s not good for you.

Brandon:

It’s news will and there’s another study I’m going to write about that I found, I mean these are scientific studies, not just general observations that following the news on a regular basis and checking your portfolios like that you’re going, you’re going to react and you’re probably going to do something wrong which is not hold, I mean if you believe in, if you believe the world isn’t going to blow up In 50 years, you should probably hold on to the things that you invest in or if you’re going to day trade then understand or whatever day trade, weak trade flip houses understand that, You know, you understand what your bed is.

Brandon:

Like you said, some of your properties have gone up, 20,000, 30,000 not all of them went up 120,000 and there and they’re not going to, that’s just it.

Brandon:

So, and then people get discouraged and then they say it doesn’t work and then they lose money because they start panicking and it just, and and it’s true.

Brandon:

I mean, you know like here An average safe thing to think about is if real estate goes up between 8-10% a year, that’s very conservative, very low.

Brandon:

But even on those numbers, which very seldomly it’s usually maybe even double that right.

Brandon:

Like especially with right now like we’re dealing with in your lifetime Danielle, but if we extend back real estate does appreciate.

Brandon:

But um, you know, it’s not going to be an astronomical numbers but it’s a, at a healthy number, Right?

Brandon:

Exactly.

Brandon:

And so you know, like maybe right now, yeah, they’re going up but maybe maybe in five years, some of the properties that I have are only going to go up 8% a year, which is so great.

Brandon:

I mean if you’re if you have Money sitting in the bank, you know, would be great if it could go up 8% a year.

Brandon:

And that’s really how I look at, I look at the real estate, my real estate as a bank account, that’s all it is, you know?

Brandon:

Um and so I just look at it as going up.

Brandon:

So even if it goes up at 8% a year, by the time I’m 55 60 it’ll still be enough for me to retire very well and to live comfortably.

Brandon:

Um You know, for however long that is all it is to me, I mean if it goes up even more it’s a bonus.

Brandon:

Right?

Brandon:

But that’s all it is to me.

Brandon:

So when I crunch, yeah, it’s even more than that though really because when you do the math, It’s not just about your real estate appreciation is that someone else is actually even if they’re only like in your one house where you’re paying 500, there’s still offsetting the majority probably of that people means that that they’re, you know the leverages the leverage is where you make your money in real estate, but you know where you, it’s like trading on margin, where where your leverage, there’s risk and as long as you can keep the people renting your property or withstand a few months or whatever it is then Yeah, but yeah, I don’t think you should watch, I don’t think people should watch it every day.

Brandon:

I know that’s sort of off the cuff comment that seems easy to say, but from having doing it, you just have to be disciplined.

Brandon:

Yeah, you do.

Brandon:

Um because yeah, if I, if I looked at some of them, I mean it gets, it gets scary especially, but it all comes down like you and I have talked about this like mindset right?

Brandon:

Like you and I have said oh it’s such like a cliche thing like the whole mindset, but you really just have to have it in your mind set of a specific thing that we like keeps you calm right that when it, when it comes to those things like you said, people have probably been like, oh you should, you should sell it 1000 bucks a Bitcoin, but now it’s, you know 40,000 Bitcoin or whatever it is.

Brandon:

Um I’ve had people that have said that I should have sold all the properties last spring when things were being sold for $200,000 more than what they’re being listed at and it’s still happening here, Like where I’m living, there’s houses literally being sold going into bidding wars Three hours later after they’ve been listed and selling for $150-$200,000 more.

Brandon:

So if I wanted to make a quick million bucks, I could sell them all, probably put them on a bidding war and and make that money.

Brandon:

But then that’s it.

Brandon:

That’s all I’m going to get.

Brandon:

Unless I invest that million to make, you know, the money that I want.

Brandon:

But if I hold on to those, you know, like, I don’t know, it depends on how you think about it.

Brandon:

Like I’m not, well, there’s a, it’s easy to say that it’s always easy on the sideline to say that crap.

Brandon:

You know, we haven’t talked about your tax implications.

Brandon:

We haven’t talked about, you know, you can only here in the United States, you can only roll over.

Brandon:

I think it’s 500 grand now if it’s a business thing and maybe it’s more, but it’s, it’s, you know, there’s more to it than, well, you should’ve just sold it and flipped it.

Brandon:

I mean, maybe, but you have no tax consequences Over 20 or 30 Year Horizon.

Brandon:

It’s going to go up.

Brandon:

Someone else is going to pay for it.

Brandon:

Yeah, I mean things go up and things go down.

Brandon:

It doesn’t always go up.

Brandon:

You know, stock market doesn’t always go up, your business doesn’t always go up.

Brandon:

You hope it does.

Brandon:

I mean you definitely hope it does.

Brandon:

I hope everybody’s business goes up.

Brandon:

But sometimes then go up as fast as you want and you know, things happen like covid that You just don’t expect you.

Brandon:

But I mean that’s what the thing is right now.

Brandon:

You know, I’ve seen so many things online like courses on how to get rich quick from Bitcoin, right?

Brandon:

And they’re selling you a course for $5,000 to get alerts from an apparent Bitcoin person who can beat the market 87% and They can make you money, which is great.

Brandon:

Maybe I’ll make a quick $1,000 tomorrow.

Brandon:

And I think this is a really nice, I don’t know if this is my honest opinion.

Brandon:

I think that’s how they get people to buy their their courses and get him because to a lot of people to put in 100 bucks and make 1000 bucks in two days, like that’s a big deal, right?

Brandon:

Like that’s like cool.

Brandon:

Like if I could do that in one day, what can I do in 10 days or a month or 10 months, Right?

Brandon:

And I think that’s how they get people where instead of thinking rationally and thinking like a long term plan or goal, that makes sense.

Brandon:

And you know, I think that that’s much better.

Brandon:

But I think this is how these people get your get, get these poor people that end up, you know, losing a lot of money or or getting their hopes crushed and burned.

Brandon:

Well, I think a few things on the course today, I don’t want to go off on that, but because I have of course, but how to build a business plan.

Brandon:

Um, and we have another one that’s going to be on modern threat training for people, which in today’s day and age, you really need, not from physical to cyber, but I think a few things, one a lot of the courses if you are actually good, but here’s the statistic that nobody tells you nobody takes the whole course.

Brandon:

So I stopped selling my course the way I did and I will only teach it in a certain way and probably live like a school mainly because the stats show that people don’t use the course, right?

Brandon:

And then they don’t follow of course.

Brandon:

Now I know people who have taken some of those courses and followed it and done quite well.

Brandon:

I can’t comment on the Bitcoin, get rich quick.

Brandon:

That’s just a day trading thing.

Brandon:

And yeah, you, you could, you could make 1000 bucks in a day and you could easily lose 1000 bucks in a day and you need to think about what you’re gonna do over time and you need to think about how much time you have in the day to sit there and look at this stupid computer.

Brandon:

Uh and I say stupid uh, probably cause it’s friday and I’ve been on this computer.

Brandon:

Uh, and it’s been a long week, but the because not stupid, ironically, it’s how I’ve made all my money, but mostly the, yeah, I mean, I think if your hope if you’re hoping to get rich overnight, then I think that you should take that money and go to Vegas and I think you should put it on black or white Are black and red, maybe white.

Brandon:

I think zero and 00, you can put it on right and get 32-1 or something.

Brandon:

But I mean go do that.

Brandon:

I mean that’s or or read a poker or blackjack book and try to do that.

Brandon:

But over time it’s very hard to beat the market.

Brandon:

There’s only certain people in the world who have beaten markets or beaten the odds and you can do it.

Brandon:

I’m, I’m a believer, I won the Harley Davidson free ride, shoot takes one and 52.

Brandon:

I’m a believer.

Brandon:

But I’m also believed that you can get lucky and you can be a winner, but you need to be careful on betting that that’s going to happen every time because you’re probably not gonna, you’re probably not going to do that every time.

Brandon:

But um, right, you do have to take shots, You do and I’m all for it.

Brandon:

I mean, everything is a risk, you know, real estate crypto whatever whatever people choose to do, even stocks, right.

Brandon:

Um, but I like these, like you said these get rich quick Bitcoin things if you can make a grand on a day.

Brandon:

Cool.

Brandon:

Which that’s cool.

Brandon:

If I if I had some extra time um Maybe I could like lay in bed and you know invest 100 bucks, watch the market for 20 minutes and and by himself and make a quick grant.

Brandon:

Cool.

Brandon:

That’s not that’s not security to me that’s just extra money.

Brandon:

You know what I mean?

Brandon:

Like I wouldn’t like I know a lot of people that are like oh you know I’m making between 500 1000 bucks a day and I have done for the last month which good for you man.

Brandon:

That’s that’s awesome.

Brandon:

Well talk to me in two years.

Brandon:

Exactly, that’s what I mean.

Brandon:

So unless you are making that money saving that money and buying real estate or or something that I feel like a long term security net like is that the right word?

Brandon:

I don’t know but but these these quick 1000 bucks a day and stuff like it’s just fun money, it’s like okay you go on vacation with it or something but like it’s not it’s not a long term plan and I mean it’s an extra skill but these people that’s all they’re doing like that’s like they don’t have another job, they don’t have another company, they don’t have any other investments, this is what they’re doing and then they’re going and buying Lamborghinis and like saying that they’re like you know the new generation millennial millionaire because they made their money on their phone flipping Bitcoin in every minute.

Brandon:

I think that’s awesome and I think some people can do that, I just would like to understand over some longer timeframe how that works out and look trait, people make money trading, I mean there’s Wall Street so people you can make money but you do need to be a professional, there’s a few people out there who teach themselves and become really good at it and do make it.

Brandon:

But the majority of people don’t and it takes a real commitment to do it and it takes a lot of risk to do it.

Brandon:

And anybody to me that makes that money and goes out and buy a Lamborghini, I mean, God bless you man, that’s cool, but that’s not wealth.

Brandon:

And I think what you’re, you know, I don’t know if it’s a safety net, I tend to believe that if you can sell something that solves someone problem and they pay you money for it, that’s a good way to generate money, built a business and have something long term versus you know what happens if Elon musk tweets today that he’s selling all his Bitcoin that Tesla holds, I’ll tell you what’s going to happen, that market’s gonna go down unless you have an inside tip on that’s happening and you did and you can make money when the market you make money when the market moves, that’s all that matters.

Brandon:

But you just need to know which way to bet, how would you know to bet that?

Brandon:

Right?

Brandon:

So I’m not scaring people, but I’m also not taking away from people who do trade.

Brandon:

Um and and make a living.

Brandon:

I think you can do that.

Brandon:

I think it’s also unless you build a bot that’s trading automatically, which you can do, but you better know how to engineer that and train the algorithm then you’re stuck in front of your computer all day, right?

Brandon:

And I mean I’m not being negative to those things.

Brandon:

I mean that’s cool, right?

Brandon:

It’s like it’s like playing the lottery really, you know like that’s how I look at it that way I’ve always been, you know, I want to have that, but but even down to if I didn’t have the company, I wouldn’t put every last dollar into real estate.

Brandon:

You know what it’s like you have to have that even keel because I’m not hoping that the rent that I get from my 10 property is going to make pay for my lifestyle.

Brandon:

But even down to that there’s people that I see on instagram that you know, there’s this woman that the claims that she lives a millionaire lifestyle on the rent, on the profit of rent she gets from her properties, which in my brain doesn’t make sense because I have obviously like separate accounts and stuff like that.

Brandon:

And then I’m sure you do too where any extra profit.

Brandon:

I just keep in those accounts because what if that person needs a new roof, that property needs a new roof or like, you know what I mean?

Brandon:

So I I don’t know.

Brandon:

Maybe there’s smart ways or not.

Brandon:

I think here’s the bottom line.

Brandon:

I think if someone wants to make that claim, I am open to it being true.

Brandon:

Please let me see.

Brandon:

Please let me see your numbers.

Brandon:

That’s it.

Brandon:

Like I want the story behind the story.

Brandon:

If you say you can do it.

Brandon:

God bless you man.

Brandon:

I want to learn from you.

Brandon:

But I want to see your numbers.

Brandon:

It’s like someone telling you, hey, didn’t you?

Brandon:

I I I started this company online and we’re making money and we’re here’s what they say, We did $1 million dollars in revenue in six months.

Brandon:

I think that’s absolutely incredible.

Brandon:

I do.

Brandon:

And that’s hard to do.

Brandon:

But what was your profit?

Brandon:

And can I see your numbers?

Brandon:

Because if I can’t see your numbers, I’m sorry, I’m not really going to believe it.

Brandon:

And I’d like to understand what that looks like.

Brandon:

And and the whole story, not just your numbers and your profit margin, but your tax strategy.

Brandon:

What’s going on here like that’s a better a better conversation.

Brandon:

So yeah.

Brandon:

Yeah.

Brandon:

So you know, for everybody out there listening, if you want to get rich quick thing.

Brandon:

I don’t know, I think it’s better to invest in stock market real estate and some other things that we’ve talked about um maybe invest in a dog like Benny, maybe that increases increases, you know what, there’s business in it, there’s business in Beni like business and Benny is, there is like with french bulldog puppies, they can go anywhere from five grand to, oh my God, I don’t want to get into that discussion.

Brandon:

I don’t know if that should happen.

Brandon:

Well, I need the girl that like I get Benny from and potentially another one soon.

Brandon:

Like that’s her business, that’s what she does, breeds dogs, Yeah, breeds french bulldogs, blue french bulldogs, so that’s, that’s their prime.

Brandon:

Being very excited this morning when I saw him on instagram.

Brandon:

Oh yes, we were um I think I was putting away some laundry and he was jumping at himself in the mirror.

Brandon:

So that is, that is my dog.

Brandon:

He is a smart boy, very excited all the time.

Brandon:

Yeah, he’s a great dog, I love him.

Brandon:

Well, cool, I appreciate you sharing everything for everybody.

Brandon:

Uh and laying it out and ah, thanksgiving’s coming up.

Brandon:

Are we going to do?

Brandon:

We’re going to do a well it’s thanksgiving in America.

Brandon:

So you already had thanksgiving, so you’re you’ll be free next friday morning.

Brandon:

Yeah, so it is your thanksgiving next weekend, it’s next thursday, but uh we’re gonna, you know, I’m going to, we’re going to be on here on friday.

Brandon:

Okay, Most people, most people, the United States take off the next day in general or it’s sort of a half day.

Brandon:

But I’m going to take off all four days and do whatever I want, which isn’t which may or may not be working on the, on on the business, but it would be my choice not have incoming.

Brandon:

I’m going to tell everybody that we have working for us that unless it’s an absolute emergency.

Brandon:

I I I love you all, but I do not want to hear from you.

Brandon:

Good for you.

Brandon:

That’s awesome.

Brandon:

Question for you.

Brandon:

Did you get your whiteboard up in your studio?

Brandon:

So maybe you should do that on your four days off.

Brandon:

I do, I need to do it.

Brandon:

I it’s sitting right here and it’s ready.

Brandon:

I’ll tell you what’s been happening.

Brandon:

Well one is we did that shut down and we built a desk.

Brandon:

I got a new desk in here, which is, I’m gonna drill so that when we do live recordings again, I can have people to the studio which which I’m feeling like people want to come to Half Moon Bay and but I’ve been airing this place out because this wall behind me has been I call it off gassing.

Brandon:

But it’s just it has been like the cigarette smell in here.

Brandon:

It’s not cigarettes, but it’s gotta smell.

Brandon:

So I’ve been leaving the doors open and everything and I don’t want the humidity to screw up the paint but I am I need to, I got that whiteboard stuff right there.

Brandon:

I I need to yeah, the answer is no that’s a It’s a long usually when people take a long time to answer your question Danielle it means that they feel guilty or something’s wrong.

Brandon:

So that’s my 90’s second answer to your question of no on the whiteboard but I appreciate you remembering that.

Brandon:

Oh yeah I think about it all the time.

Brandon:

I wonder if I can find is quite poor it up yet because like that was supposed to happen a while ago.

Brandon:

It’s me.

Brandon:

It’s amazing how that how things that you want to do like time really flies by but I am going to actually want to try to get it done this weekend.

Brandon:

I’d love to have that up there and I missed the white board last week.

Brandon:

But yeah, I got that on my, I got to ride my bike.

Brandon:

I’m going to get my eyes checked for the first time probably in 2.5 years.

Brandon:

Uh this morning At Costco for $125 which is half the price of this other place.

Brandon:

Which I don’t want to name because I don’t want to hurt their business.

Brandon:

But um and I’m going to already did some work this morning.

Brandon:

You gotta do some more work but I’m gonna try to get on my bike.

Brandon:

Are you gonna ride the Taliban today?

Brandon:

I am yeah, so when I’m done here um I actually have some errands to, I got something like you know me like friday is kind of like my my my day, you know I do my little errands and sometimes I’ll go get my nails done or something.

Brandon:

So I actually have to go and pick up some ornaments that I got ordered for some people.

Brandon:

So you know custom ornaments?

Brandon:

Yeah.

Brandon:

Um I have to go and pick up some orders from Canadian tire.

Brandon:

Let’s go to the bank and I’m gonna go get my nails done.

Brandon:

Um Yeah so that’s what I’m doing this afternoon and deal with whatever may come in because you know it never stops well have fun.

Brandon:

It was good catching up with you.

Brandon:

We’ll talk next friday and enjoy your weekend you as well.

Brandon:

Thank you.

Brandon:

See you Danielle.

Brandon:

Bye bye everyone.

Brandon:

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