Inside the Mind of a Finance Maverick | Aaron Chapman | Part 2
Summary
TLDRIn this insightful podcast episode, the hosts Flip and Danny, along with their guest Aaron Chapman, delve into the intricacies of real estate investment amidst an inflationary environment and rising interest rates. Aaron, a seasoned investor, emphasizes the importance of understanding the true value of real estate and the power of leveraging a 30-year fixed mortgage to build wealth. He debunks common misconceptions about refinancing and the allure of lower interest rates, arguing that the potential for appreciation and rental income in real estate remains a compelling investment strategy. The discussion underscores the significance of patience, strategic planning, and focusing on long-term gains rather than immediate cash flow. Aaron also introduces his investment tool app, designed to help investors calculate the time value of money and make informed decisions. The episode is a treasure trove of practical advice for both new and seasoned real estate investors, highlighting the continued relevance and profitability of real estate in uncertain economic times.
Takeaways
- 📈 **Inflation Impact**: The real rate of inflation is significantly higher than the interest rates being paid on loans, which means the purchasing power of the dollar is decreasing over time.
- 🏠 **Real Estate Investment**: Despite high inflation and interest rates, investing in real estate can still be a smart move due to the potential for appreciation and rental income.
- 💰 **Cash Flow Importance**: While cash flow is important, focusing solely on cash-on-cash return can lead to overlooking the long-term value of real estate investments.
- 📊 **Compounding Effect**: Small increases in rent can lead to significant growth in cash flow over time due to the compounding effect.
- 🔒 **Interest Rate Lock-In**: Locking in a low interest rate for a 30-year fixed loan can be beneficial in an inflationary environment as it provides a hedge against rising rates.
- 🚫 **Refinancing Caution**: Refinancing a loan may not always be in the borrower's best interest, as it can extend the payback period and result in paying more in interest over time.
- 📱 **Mobile Accessibility**: The increasing use of mobile devices suggests that making real estate investment information and tools accessible on smartphones could be advantageous.
- 🤝 **Teamwork**: Success in real estate investment often involves collaboration and teamwork, leveraging the expertise of professionals in the field.
- 📚 **Education**: Emphasizes the importance of educating oneself and future generations on how to effectively use assets for wealth creation.
- ⏰ **Urgency**: There is a sense of urgency to invest in real estate now to secure a legacy for future generations, given the current market dynamics and potential for increasing housing unaffordability.
- 🚀 **Action Over Inaction**: Encourages taking action in real estate investment rather than waiting for the 'perfect' market conditions, which may never come.
Q & A
What is the significance of understanding the real rate of inflation compared to interest rates?
-Understanding the real rate of inflation compared to interest rates is crucial because it impacts the purchasing power of money over time. Despite single-digit interest rates, inflation can erode the value of money significantly, leading to less repayment in real terms as time goes on.
How does annual planning help in business?
-Annual planning helps in taking a step back from the day-to-day operations to evaluate and adjust business strategies. It allows for identifying areas that need improvement, setting priorities, and ensuring that the company's efforts are aligned with its long-term goals.
What are the three main categories that team members should focus on when evaluating their projects?
-The three main categories are Revenue, Customer Experience (CE), and Critical Process Improvement (CPI). These categories help in determining the priority and importance of each project in relation to the company's overall objectives.
Why is it important to regularly reassess and prioritize projects in a business?
-Regularly reassessing and prioritizing projects ensures that the business stays agile and can adapt to changing circumstances. It allows for the reallocation of resources to more critical or high-impact tasks and helps maintain focus on the most important goals.
What is the role of marketing in building a company's foundation?
-Marketing plays a vital role in building a company's foundation by creating brand awareness, driving customer engagement, and generating revenue. It is a key investment area that can significantly contribute to the company's growth and success.
How does launching an app benefit a company's marketing efforts?
-Launching an app makes the company's offerings more accessible to users, especially given the trend of mobile device usage. It simplifies user interaction, provides a direct channel for communication, and can enhance customer experience, thereby potentially increasing customer retention and revenue.
Why is it recommended not to pay off a loan faster despite having the means to do so?
-Paying off a loan faster is not always beneficial due to inflation. As the value of money decreases over time, the real cost of the loan reduces, meaning that you effectively pay less over the life of the loan. Keeping the extra cash flow can be better utilized for other investments or opportunities.
What is the potential downside of refinancing a loan?
-Refinancing a loan can be disadvantageous because it often results in the loan term starting over, which means you may end up paying more in interest over time. Additionally, it can trap borrowers in a cycle of financial servitude, continually paying down interest rather than making significant progress on the principal.
What is the importance of understanding the time value of money in real estate investments?
-Understanding the time value of money is essential in real estate investments because it helps investors assess the true worth of their investment over time, considering factors like inflation, cash flow, and appreciation. This understanding can inform better investment decisions and strategies.
Why should investors consider buying real estate despite high inflation and interest rates?
-Despite high inflation and interest rates, buying real estate can be a smart move because it serves as a hedge against inflation due to potential rent increases and property appreciation. Additionally, locking in a mortgage rate can protect investors from further interest rate increases.
How can investors ensure they are making informed real estate investment decisions?
-Investors can ensure they are making informed decisions by seeking advice from experts, educating themselves on market trends, and using tools like the qjo investment tool to understand the time value of money and the potential returns on their investments.
Outlines
📈 Inflation and Interest Rates Impact on Real Estate Investment
The speaker discusses the high rate of inflation compared to single-digit interest rates, emphasizing how paying back a loan results in less value given to the lender over time due to inflation. They also mention the importance of annual planning and the excitement of sharing insights with Aaron, who is featured in the episode. The discussion touches on the holiday season's impact on business and personal life, highlighting the cultural differences in celebrating Christmas, especially between the United States and the Philippines.
📊 Prioritizing Business Projects for Maximum Impact
The focus is on the importance of prioritizing business projects based on their relevance to revenue, customer experience, and critical process improvement. An exercise is introduced where team members categorize their tasks under these three headings to streamline efforts and drop non-essential projects. The conversation also addresses the need for adaptability in planning, ensuring that tasks align with company goals and that everyone is aware of their responsibilities.
🏡 Real Estate Investment Insights with a Focus on Long-Term Value
Aaron Chapman shares his expertise in finance and real estate investment, emphasizing the importance of understanding the true value of real estate properties. He criticizes the common focus on cash on cash return as a metric for property value, instead advocating for considering rental income, appreciation, and the ability to raise rents. The math behind a 30-year fixed loan is explored to illustrate the power of long-term investment and how property value can grow significantly over time.
💵 The Erosion of the US Dollar and Its Impact on Investments
The paragraph delves into the historical devaluation of the US dollar and its impact on purchasing power. It contrasts the stability of gold as a store of value with the fluctuating value of currency. The discussion then shifts to the benefits of locking in a loan and interest rate, highlighting how inflation reduces the real cost of repayment over time. The speaker advises against refinancing, explaining that it often benefits banks more than individuals and can lead to financial servitude.
📉 The Risks and Misconceptions of Refinancing and ARMs
The speaker warns against the pitfalls of refinancing, explaining how it can reset the mortgage balance and lead to paying more in interest over time. They also discuss the misconceptions around Adjustable Rate Mortgages (ARMs), suggesting that they may lead to a flood of housing inventory if rates rise, causing people to default on their payments. The paragraph emphasizes the importance of understanding the long-term financial implications of mortgage choices.
🚗 The Appeal of Classic Cars and the Importance of Time Perspective
The conversation takes a personal turn as the speaker expresses his love for classic cars, particularly his 1967 GTO. The discussion includes a humorous anecdote about getting a speeding ticket and the benefits of driving a cool car. The speaker also shares his preference for action movies over comedies and scary movies, citing the latter's unsettling spiritual implications.
🏠 Urgency to Invest in Real Estate Amidst Market Fluctuations
Aaron Chapman stresses the urgency of investing in real estate, given the rising inflation and interest rates. He argues that despite the challenges, now is a great time to buy property due to the shortage of inventory and the potential for long-term appreciation. He encourages educating oneself and future generations on the importance of assets and advises against going at it alone, emphasizing the importance of teamwork and seeking expert advice.
📚 The Role of Education and Family Trust in Wealth Building
The final paragraph emphasizes the significance of education and the use of family trusts in building wealth through real estate. The speaker provides his contact information for those seeking guidance and reiterates the importance of not attempting to navigate the investment landscape alone. He also mentions the 'infinite banking strategy' as a valuable approach to leveraging real estate investments.
📝 The Benefits of Master Notes for Investors
The speaker introduces the concept of master notes as an investment opportunity, particularly beneficial for non-accredited investors. They explain that these notes offer a 10 to 12% interest rate over five years and are automatically renewable, providing flexibility for investors. The speaker encourages potential investors to reach out for more information and to inquire about other opportunities available for the upcoming year.
Mindmap
Keywords
💡Inflation
💡Interest Rates
💡Real Estate Investment
💡Cash on Cash Return
💡Appreciation
💡Rental Income
💡Leverage
💡Refinancing
💡Dollar Erosion
💡Housing Inventory
💡Investment Strategy
Highlights
Inflation is currently very high compared to the single-digit interest rates being paid, leading to a decrease in the real value of debt payments over time.
An 8% inflation rate implies a loss of purchasing power in the dollar, which benefits debtors as they effectively pay back less than the original value of the loan.
Annual planning is crucial for businesses to step back, evaluate, and prioritize projects based on revenue, customer experience, and critical process improvement.
The concept of 'bandwidth' in a business context refers to the capacity to handle more work or projects without leading to inefficiency.
Marketing is identified as a key area of focus for the company, with significant investment made in 2023 to build a strong foundation.
The importance of prioritizing tasks that align with revenue generation, customer experience, and critical process improvements is emphasized.
The discussion of an exercise to help team members categorize their projects and drop those that do not contribute to the company's main goals.
The necessity for businesses to regularly check their direction and priorities, whether during quarterly or annual planning phases.
The introduction of a new app being developed by the team to make courses more accessible via mobile devices, reflecting modern user preferences.
The significance of understanding the real value in real estate investments, moving away from the cash on cash return metric.
An explanation of how the appreciation of real estate and inflation can work in favor of investors, despite the common misconceptions about interest rates.
The potential for a shift towards a subscription-based economy in housing, with large financial institutions anticipated to control a significant portion of the housing market by 2030-2035.
The recommendation for families to invest in real estate now to secure a legacy for future generations amidst rising inflation and interest rates.
A warning against the common practice of refinancing mortgages, which may not be as beneficial for the homeowner as it is for the banks.
The assertion that housing prices will continue to rise despite fluctuations in interest rates, advising investors to lock in prices now.
The introduction of the QJO Investment Tool, an app designed to help investors understand the time value of money and make informed decisions.
The emphasis on the importance of education and leveraging assets to build wealth through real estate, especially for future generations.
Transcripts
you start looking at the real rate of
inflation it's very very high and it's
extremely high compared to what we're
paying in interest our interest that
we're paying is still single digits
because of that single digigit interest
you get to see that as you're paying it
back you actually give them less and
less every single month if you're just
at a flat 8% inflation which we've been
above that since the 90s actually since
the 80s when you look at the real rate
of inflation a flat 8% means that your
dollar is losing 666 per of its buying
power every single month wow so as
you're paying some me back you'll start
to see that today's interest rates
you'll actually pay less than what you
borrow hey everybody flip and Danny here
welcome to another episode of the
freedom
show we're super excited to be back if
you are coming back because you heard
last week's and you are like I can't
wait for part two to be released well
then welcome back because we're super
excited to be sharing Aaron with you
again today um but before we get into
that episode um we wanted to talk to you
a little bit about um annual planning
and preparing for 2024 because um this
is the holiday season that's right um
holiday season oh she's been listening
to Christmas music since
Halloween um uh yes yeah as soon as
Halloween yeah that was actually thanks
to you you actually put you you put
lights around the house and everything
and I was like yes it's Christmas time
that's right so
but we don't we don't beat the the our
team in the Philippines because they
they actually decorated on September 1st
yes did you know that in the Philippines
they spent four months right they start
in September September so September
October November four months of
Christmas and here in the states we get
yelled at if if we have decorations up
before
Thanksgiving that's so funny oh my
goodness um so yeah so annual planning
um uh uh I really love planning because
it really it what many times we get
caught up in working in the business
instead of on the business right and and
when planning comes around it's the
opportunity to take a little step back
um put yourself Elevate yourself you
know way way way up here and look down
and go oh oh we should probably fix that
yeah yeah we need to fix that part that
one right there y um and I was just uh
um we had a post in we have this uh
channel in our Google chat called core
leaders um and it's really kind of the
leadership team within our um company
and we are talking about bandwidth and
how that it seems to be probably one of
our biggest problems right now is that
everybody is just at the you know very
very limits of what they can handle um
in terms of bandwidth and so uh you know
I said okay well here's an exercise that
um that we can all do and I actually
started it with Caitlyn our marketing
director um so I didn't see didn't use
Tiffany hi Tiffany I'm talking about
Caitlyn right
now so hey I heard Caitlyn swear the
other day just letting I'm letting
everybody know oh man Caitlyn's been
outed on a podcast on a podcast um so uh
I I was talking to Caitlyn and she's you
know she's the marketing director and
she's you know over all of the companies
and so what's on her plate is insane and
we've really grown her team like like
heavily um because marketing is really
one of the most important things that we
could be doing here um and and it was a
foundation uh builder in 2023 anyway we
really invested a lot of money into
building our foundation in 2023 we we
did our website we brought two websites
and made them one um redesigned our logo
we did all this this podcast room like
all of this stuff is brand new and the
fact that we finally launched season two
of the freedom show is literally because
we focused on marketing here in 2023
right um so um I she was there was two
more things that I jumped on and I'm
like I'm very impulsive I'm like yes we
need that we're working on it anyway and
this is going to get us there faster so
let's get it and so I got two things and
one thing
squirrel it's not squirrel we're working
on it anyway um uh uh one thing's
actually going to lift the burden a
little bit off of one of the team
members in the marketing department um
and the other thing was a little bit of
an addition but it's going to be more
effective in our ability to launch it so
we're launching some courses um this
year and we are going to put it on our
go high level and just have you know
website and the normal you know desktop
uh uh course and uh I was on this
webinar and there are just like more
people use their phones these days and
they do desktops and it's more
advantageous to have things at people's
fingertips it makes it simpler for them
so I'm building an app I'm not building
it my team's building it but I put that
and I said it and and and Caitlyn Smiles
she's so sweet she smiles and she's like
oh and she she's happy at the same time
I can see it like in her head going not
another project I can't do another
project I going to do another project um
so uh I was just like okay we need to
Let's look at what all the projects are
um and let's make sure that you know
you've got capacity and let's like like
throw some that don't aren't necessary
and put them on C to one or whatever so
you're always having to do these things
in business so it doesn't matter if it's
quarterly planning or annual planning um
you should always be checking yourself
if you see something that lines up with
something that you were doing anyway and
suddenly that becomes a priority over
some of the other projects by all means
you don't have to stick to the script
just you know grab the stuff that isn't
as important dump it down and then make
sure you're always um uh prioritizing
what's most important so um Chris
actually mentioned something in the core
leader channel uh about the bandwidth
and so I said here's an exercise that
I'm working on with Caitlyn I didn't say
it to Caitlyn this way because I'm
actually helping her with this so I can
figure out what we can what we can dump
but I told him I said if we could just
have all team members write down what
are you doing right what are you doing
right now what are the projects that
you're working on and then if you can
write next to them the word Revenue the
word customer experience or the word
word critical process development or uh
Improvement critical process Improvement
um so CPI for critical process impr
Improvement customer experience is CE
and then Revenue if you can write those
three words if that if something's on
your list that has nothing to do with
those three things um so for instance on
one of the things on Caitlyn's list is
swag we want to get our swag store up
right um because we want to have cool
shirts and stuff it that's it's barely
Revenue because we don't really make
money on swag yeah maybe a dollar
customer experience it would be fun but
it's not the type of customer experience
when we're talking about excellence and
really serving our investors better and
then um critical process Improvement it
definitely doesn't do that so that got
dropped off or listen into q1 um even
though it would be fun to do she might
throw it on back on our list because she
has the capacity to do it and it's fun
so it might like move back up but that
was the point of the exercise if it
doesn't fall in those three categories
it can get moved but if it's Revenue it
is first like what anything you wrote
Revenue um on you're going to put it the
very very top of the list anything that
you wrote customer experience on um
you're going to put it um third in this
scenario and I'm going to explain why
and then where we shift it um for custom
uh critical process Improvement you're
going to put it number two because
typically a critical process Improvement
is a bottleneck in the company which
affects revenue and so Revenue one CPI
is number two because it has to do with
Revenue um and it has to do with
customer experience if it's a bottleneck
it's not only affecting Revenue it's
expecting affecting the customers
customer experience is only because
those other two had to be put first um
uh so uh but the customer experience
then you have those things and depending
if if your job is to really focus on the
first two you could say hey flip you
actually don't have these first two on
your list can I give you these three
customer experience pieces and boom now
it's number one priority for you right
so now we lifted the customer back into
a number one seat um as far as a
priority so we're going through that
process and I just encourage everybody
to go through it no matter if it's
planning stages or not those are always
important processes but I just get
excited when it comes to this because we
really get clarity we like we we put our
blinders on just like the horse and we
go this is where we want to go we
fine-tuned it we know what direction we
put some accountability pieces in place
um we know like who's responsible for
what um we know what uh they're
reporting on every single week and um
that type of clarity like fuels me yeah
I know and plus it's it's also make sure
that everybody on the team knows exactly
what we're doing yes you know in case
somebody's like well I'm not sure you
know our quarterly planning puts
everyone back in line you know because
two three months that's enough to get
somebody start straggling over here yes
so yeah no I love it yeah absolutely um
and also I think it really helps new
team members too right we talked last
episode about how hard it is sometimes
to make sure that you're conveying the
vision that's in your head to the team
and making sure that they understand
where the company's going that's just as
important for the investors right where
is the company going so that 12-part
series that um uh we did that helped
communicate that so we're just getting
better and better and so um those are
the things that we do and that those are
the things that we talk about and those
are the things that we want our
investors to know we want active
investors to know so you can apply hey
oh that's a good idea let me let me go
ahead and do this because we only know
what we know now through all the trials
and the pain and the suffering that we
went through to go oh this is how we
should do it um so uh yeah I love
talking about this type of stuff at the
very beginning so now we're going to
dive back into Aaron yes um uh so this
episode is going into a superpower yes
yeah um and uh we're doing math yes and
uh I think I think that's what they call
it and I think last week we said have a
calculator already if you're not in a
car yeah if you're not driving
calculator would be helpful for for most
yeah there's some people out there that
could handle the simple calculations
that he's going to
ask not me we had some fun with it
though we're not going to give you any
more secrets about what's about to
happen we're just going to let you guys
dive in um here is part two that's right
of Aaron Chapman
[Music]
enjoy let's jump into your superp power
this is really why I wanted to have you
on this podcast really um share what's
going on in the market right now um
share your superpower which is really
the finance industry and you serve
investors like ourselves so you serve
our clients and that's why I'm so
excited to introduce you to everybody um
so we've already talked about uh um how
got started um so tell us a little bit
about how you help investors and what
the real estate investor needs to know
about today's market right now thank you
the the superpower I don't know if it's
really superpower I just believe it's I
have the ability to dumb things down to
a way that people can understand it
because what we have in the world
between the attorneys and between the
the uh the people out in on Wall Street
and the politicians they take the most
simple things and complicate the piss
out of it so it makes it look like we
need them and then when we start to feel
like we're starting to get ahead of them
a little bit and we don't really need
them as bad they change the rules just
so you need them again they keep
manipulating everything and messing with
it so my goal is to help people
understand what the where the real value
of things are and the main thing is
understanding where the value in real
estate is we spent the last 12 13 years
mistakenly understanding where value in
in investing in real estate was and it
was because everybody kept using the
cash onh return metric as the key to
understanding what whether there's a
good property not a good property now
albe it a great metric if you get great
cash on cash return why would you not
but the problem of it is is those that
ship sale be able to get a stupid cash
on cash return 14 15% right out of the
gate one unachievable if it is
achievable I guarantee this property
that you're buying is going to eat you
alive in maintenance because that you're
underpaying probably for a piece of crap
that's going to rent high but every time
you get your the person out of it it's
going to cost you a fortune to maintain
it and get it rent ready again and you
you didn't get any cash on cash you just
look great on paper so what I explain to
people is where the real value is and
that makes you and I are going to have
to do some math to to be able to to
illustrate this so okay what we're GNA
do you guys pick amongst you who's going
to do the math because we're going to do
it together I'm going to ask the
question you're going to explain the
answer and just know it's simple math
and you are prone to get it wrong
because your brain sees one thing but
the reality is something else even
though it's simple and the reason I do
it this way is it's going to sync up our
minds and I need the people listening to
be able to say oh okay yeah now I get it
because if if we can't sync their minds
up they'll glaze over it so I need
everybody to check the math here so
we're going to say a person's buying a
$200,000 single family residence they're
going to put 20% down they're going to
finance 80% they're going to get $1,800
a month in rent and they're going to
only get say $100 a month in cash flow
and this is a 30-year fixed loan so
where a person needs to focus their
energy at is not what's my cash on cash
it's going to be can I keep this
property reasonably rented the entire
time I own it does it appreciate and can
I raise rents that's it now we're even
going to beat the appreciation up we're
going to beat everything up on these
numbers so here's where the math comes
in if you're putting buying a $200,000
home you're putting 20% down how much
you putting down $40,000 40,000 bucks
okay check that math make sure we all
agree it's 40 Grand now let's say
between the lender fees appraisals taxes
Insurance title fees all this crap it's
very expensive let's say it's 10 grand
I'm not saying that's what people pay us
I'm just saying let's do round numbers
is 10,000 so if you put 40,000 down now
you have 10,000 how much did you invest
$50,000 50,000 invested that's your
money in the deal how much was the loan
amount the loan amount was
$160,000 60,000 a lot of people you did
very very well a lot of people like to
say 150 cuz the automatically in their
mind they think I invest in 50 they it's
it's amazing how often that happens
160,000 so if you we said this is
30-year fixed if you did your job as the
CEO of your investment real estate
investment business and you got to keep
it reasonably rented the entire time you
own it who pays off the $160,000
loan my resident the tenants or group of
tenants over 30 years so let's take
160,000 divide it by 30 and let's see
how much they're actually giving you
average over that 30
years I don't have my
phone and I can't do that math in my
head flip uh roughly
53,000 it's 5300 5300 sorry you had a
just a decimal point off which I mean
you got that right $
5,333 34 per year is what they're
averaging payoff now I know there's an
amorz table and it's only going to be
about probably 1,200 bucks or 1,300
bucks first year I'm talking about
average because we're talking about a
30-year long game so they're average
giving you $5,300 a year well what
percentage of 50,000 which is your
investment is
5,300 it is 10% close to 10% yeah a
little over 10%
10.66% okay so we're getting
10.66% increase every single year
averaged over 30 years correct correct
just by having somebody paying off the
loan you're not getting a single dollar
of cash put in your pocket they're just
paying off the loan that you got that
right there is increasing your
investment by 10.66% averaged over 30
years now I know the first year it's
going to be probably like three or 4%
but we see what the potential is now we
spit that on the shelf that right there
we know that growth now we live in an
inflationary environment do you know
what K Schiller Black Knight and cor
logic said that properties were
appreciating in
2023 no they said they're averaging
8.9%
much higher than what they thought
coming into 2023 because everybody new
rates were going to go up so they
thought maybe five maybe 6%
8.9 so let's beat that number way down
let's say you're only appreciating this
$200,000 house by two and a half perc
that's a very very low number and easily
achieved number in any market so what 2
and a half% of
$200,000 two and a half
two oh two four 5,000 we both did gave
you different answers so which one is it
5,000 was correct all right bam oh man
and the easiest way to do that the way I
had to do it in my head is well if 100
it's 2 and a half% of 100,000 is 2500
bucks you just double it right so so 25
so it's $5,000 is what you're gaining
every single year now it's compounds
right it's not 5,000 every year it's
5,000 the first year then it's 2 and a
half% of of
$2,500 or or 205,000 right so you can
see how they compounds but just that
first year that 5,000
what percentage of your
50,000 is that
5,000 5% 10% 10%
5,000 another 10 right so look at double
digit percentages right not even
factoring the compound that there that
is a 20.6% average increase not even
factoring the compounding effect right
so when you only take to a consideration
Compound Effect you're already at 20%
20% plus and that's before any cash flow
hit your pocket that's before any tax
benefits that hit your pocket right so
now we talk about the cash flow we said
he was making a 100 bucks a month right
for the for the first year but then you
get to raise rents how much are rents
going up by year-over year right now in
your guys' markets we predict 3% but
it's actually higher yeah it's between
six and eight depending upon where
you're at but let's say three let's just
use your three okay what's 3% of 1800
because that's the rent we said it was
1,800 bucks a month what's 3% of
1800
um
480 it's 56
bucks we needed our calculator for this
episode
$56 like when you people think about
like oh it should be going up high no
it's only 56 bucks here's the thing
about this you don't get excited about
56 bucks your landlords don't get
excited about 60 56 bucks and your
tenants do not get excited about 56
bucks like oh cool it only went by 56
bucks but what that do your cash flow
went from 100
to
156 that's a 56% increase in your cash
flow look at the compound growth there
people think these small percentages
they look at oh it's only 3% increase in
rents I'm going to go find a different
house no can this house stay reasonbly
rented is it one that is in a good area
is it what type of grade are we talking
about is a c-grade house is an a grade
house what type of house is it look at
all the factors just by having somebody
stay in there long term look at that
growth you will within year five six or
seven you'll see some massive cash onh
return but you got to be patient it's
all the other things where the wealth is
being created now that's where not where
it gets sexy does the lender get to
raise the payment on the loan because of
inflation no they do not a thiry year
fixed that some is locked for the
entire 30 years here's what's very
interesting about that we live in an
inflationary environment we just talk
about that's why we get to raise rents
and that's why appreciation happens on
homes but what happens to the value of
the US dollar goes down it declines
here's here's a way to illustrate how
much it has declined back in the early
1900s and late 1800s they used to Mint a
$20 gold piece it was a single ounce of
gold is about 098 something per pure
because they had to add some other
Alloys to make it durable but that $20
gold piece you can walk into a
department store get a hat because hats
were a big deal back then right you can
get the Hat you can get a suit you get a
shirt a tie a belt a pair of shoes and a
pair of socks for that $20 gold piece
you can't walk into an Department Spore
Spore department store and spend 20
bucks for a pair of socks these days
it's more expensive than that right
especially decent socks my socks cost 40
bucks right because they're they're a
wool so because that we know that the
dollar is completely eroded
significantly but here's what's
interesting you can still get all the
things I just said with an ounce of gold
why because an ounce of gold is worth
over
$2,000 it's not that the gold has gone
up in value it's not that the clothes
have gone up in value it's that the
instrument we're exchanging for them has
eroded so much in value so where this is
a benefit to everybody listening here is
when you lock in a loan and an interest
rate and you get all caught up and
what's are what are rates doing think
about what the rate of in of inflation
is doing inflation's much higher than
what they're claiming they're claiming
to be between four and 5% it's closer to
about probably 11 to 12 uh when you
really start factoring things in because
they're talking to us what the rate of
inflation is is in in the CPI or
Consumer Price Index it's an index it's
not everything it's it's a few things
that they monitor not everything that we
spend our money on when you start
looking at the real rate of inflation
it's very very high and it's extremely
high compared to what we're paying in
interest our interest that we're paying
is still single digits because of that
single digit interest you get to see
that as you're paying it back you're
actually give them less and less every
single month if you're just at a flat 8%
inflation which we've been above that
since the 90s actually since the 80s
when you look at the real rate of
inflation a flat 8% means that your
dollar is losing 666 per of its buying
power every single month wow so as
you're paying some me back you'll start
to see it today's interest rates you'll
actually pay less than what you borrowed
in this scenario you pay 160 was it
$160,000 in in principal but in
principal and interest it's be about
$42,000 over the life of the loan that's
where everybody's like oh I'm going to
pay this off early or I'm going to
refinance and try and get this rate down
because that's all this interest
interest but what you don't realize is
that the long you take to pay the less
you actually pay because that dollar is
worth less and less and less you come to
find out you're paying about 152,000 in
actual dollar value so keep your extra
cash flow don't pay it off any faster
and don't get caught up in the freaking
refi let me ask you this who does it
benefit when you refinance the bank bank
benefits the banks it doesn't benefit
you everybody thinks it benefits you now
if you're pulling cash out to buy more
investment yes that benefits you using
somebody else's money to expand your
Holdings and did you invest any when you
take pull cash out of a house you take
all that money and put it to other
Investments and let's say you buy three
houses with with what you got on the
loan for one did you put any money up no
you put a single dollar every bit every
single scent of return is an infinite
return because there's no way to
calculate it there's none of your money
that's how rich people get rich it's all
leverage now when you start looking at
the benefits for the bank of refinance
everybody's like how could that benefit
the bank I just dropped my interest rate
by 1% well I had a client of mine came
to me had $120,000 mortgage when he
bought this house he came to refinance
it 48 months later it's the 47th month
and we did the math on it it's like dude
you paid almost $37,000 in principal and
interest on this over the last 47 months
his new payment was coming due he was
making that payment so 48 months have
gone by he paid over
$37,000 but only dropped the balance by
like
$6,500
look at all that that went to interest
tons of money went to interest I tried
to talk him out the refinance but he
wouldn't wouldn't listen to me when he
refinance that where is his cost years
they go they go back into the loan right
so we had it back into loan because they
didn't want to come into the money with
to the table with any money it took his
balance to within $106 of the original
balance it was 119,000 in change so he
literally reset himself where he was 48
months before but still paid out over
$30,000 like $31,000 in interest and
started that over again people are being
conditioned to refinance every four to
five years it's been common within our
industry why because you keep people in
financial servitude that's why there's
so much front-loaded interest up front
because that's when people are
programmed to come in and do that
refinance again we've heard it being
said if it drops at least this much or
you get to this point you should always
refinance that was always being
perpetuated by the bank right the same
same way De Beers convinced everybody to
spend at least a month salary on a
freaking ring to get married so it's all
marketing you've been conditioned and if
you keep doing that same pattern as this
guy he would have paid over $180,000 in
20 years but never moved the needle on
his mortgage never where somebody else
could have paid the original payment for
the entire 20 years and had it
two-thirds paid
off wow and then could have p a t of
equity and bought five houses right so
that's the other realize you're being
put into Financial servitude when you
get caught up in the refinance
game yes that is mind-blowing and again
something that nobody talks about um you
always hear from even your mortgage um
Professionals for the most part with the
exception of you Aaron are talking about
refinancing and correct me if I'm wrong
but they're getting paid to refinance
you as well yes 100% that's why they're
talking about it that is your career
their career path so what very very
recently there's a lot of people in the
mortgage industry that saying well you
just take an arm loan because you get a
lower interest rate and then refinance
when the rates go down well what I'm
explaining to everybody because I had a
big run for about a year there after
well probably about six months
everybody's saying can you guys do an
arm everybody says I should do an arm
like why do you think they're saying
that they say because I can refinance in
five years well one you're just setting
yourself up to be their future business
and that's exactly what all the leaders
in the industry are saying sell the arms
so you have future business right keep
track of those clients and Market to
them in the few years so that's their
future business model and business plan
secondly who says the rates are going
down that's right yeah do you guys know
the name Charlie Munger yes sure do so
he was on a c I think it's CNBC or MSNBC
I can't remember which one I think it
was Christy quick that she was he was
being interviewed by and in that
interview it was earlier this year he
said that we saw 40 Years of declining
interest rates they anticipate to see 40
Years of increasing interest rates I had
a clip of that on YouTube I go to that
clip now and it's taken down you can't
access that clip anymore I have spent
about six hours of going through every
edited version of that um that interview
and it's no longer in there what's also
interesting I downloaded the interview
what I believe is the interview and it's
been redacted from the transcripts I
can't find it why do you think they
can't find it because they don't want
people to know that we could be on a
40-year increase of interest rates so
you don't lock it now you wait till the
next thing now there's so many people
sitting here waiting well I'm just going
to wait till the rates go down cuz say
they rates go down well okay let's say
they do what do you think house prices
are gonna do they're gonna still go up y
Canna keep going jump right y we went I
it's amazing how many Realtors I talk to
or I've heard from like you banks in the
damn rates and they're at us like
it's us right it's like well what about
you damned realtors that would tell your
your your client when they want to buy a
house that you better come to the table
of 30 to 50,000 over list just to get in
the game
nobody bed about raising prices 30 to
50,000 because interest rates were 2 and
a half per. you gave away the benefit of
the interest rate in the price of the
house yeah so now we're at an
equilibrium where the price of housing
have kind of semi stagnated they really
have an 8.9% increase but there's some
areas that actually have come down a
little bit I'm telling people You better
lock in the price now because if you're
right let's say Aaron Chapman's wrong
and the interest rates do go down you
better have locked it in now because
you're going to get screwed hard and
what's really interesting is even though
the rates are are going up the cost of
housing is not going down why is it not
going down what are the hedge funds
doing they're buying the hell out of it
you got you got Black Rock you've got um
Vanguard and State Street are
anticipated this is anticipation I don't
have all the statistics on this this is
anticipation for them to control 60
plus% of the available single family
housing by 2030 to 20
2035 if they do that they will have
accomplished turning into a subscription
based economy for the next few
Generations our generation will make it
through but what about our grandkids
I've got a grandkid here at my house
today I've been watching her most of the
morning she's not going to have a shot
at this if we don't do something now you
want to talk about freedom family
Investments the freedom for the family
should be buying investment real estate
now because it's not going to be
available later I just closed on two
houses in Missouri because I have two
kids moving out there both five five
bedroom homes for a couple hundred
thousand we the Our Family Trust paid
cash I put leans on it I'm going to
refinance pull the cash back out of it
put it back in my in my accounts to keep
expanding our Holdings but that's the
only way they got a shot at this is to
rent from the trust and then the trust
is going to keep growing it and keep
growing it for the future Generations
because if we don't do that they're
going to be taken advantage of and it's
my opinion again my opinion because I
don't know the future if we're not doing
this now we're going to end up being the
ones paying the subscriptions not
offering the subscriptions that's right
that's right wow so powerful um and to
to tie back into Charlie Munger um I
just want for the everybody in the
audience that does not know who Charlie
Munger is um it's Warren Buffett's
partner um and that's something that I I
learned um like you know a few years ago
somebody I was on the phone with talking
about similar things as you are talking
about today Erin I was like have you
been following Charlie Munger if you if
you're not following him you need to
write his name down and start listening
to what he has to say um so gosh that is
so powerful and another thing speaking
of Charlie and Warren Warren said you
can Google this he said that the 30-year
fix is the greatest Financial instrument
in history because it's a one-way BET
right if you're wrong if I'm let's say
the rates go down you just refinance who
gives a if you want to refinance I
don't think you should but if you want
to you can but if you're right and they
keep going up and if I'm right and if
Charlie's right you just protect
yourself from from some heavy Financial
Devastation I was listenting I've got a
guy on my team's named Scotty bear he he
helps people on the interest rates and
figures out what's the best one for you
in the available market and he had CNBC
in the background and they were talking
and there was a comment that was made
was interesting that housing inventory
is very very very low and very lean but
they anticipate when some of these arms
come due the five years and 10 years and
arms that we're going to see a flood of
inventory because people are not going
to be able to make their payments
because the rates are going to jump that
high it was a quick little blurb and
only somebody like myself would catch it
but that's what they're talking about so
if you think they're coming down think
again the other thing that a person
needs to have is the numbers I gave you
earlier about what's happening with the
dollar you don't have to try and figure
that on your own you can go to your app
store right now and search for the
qjo investment tool that's my app and
that app will actually show you and run
those numbers for you the time value of
money you're not going to know how to
use it so you shoot me a text at and I'm
just going to give you guys my number
just text me 62 291 3357 again at 602
291 3357 say send me the you can
schedule appointment with me I'll have
my assistant Bri but you text me I'll
have her set it up and ask for the
videos on how to use the app and it's
called again the qjo investment tool
which stands for the quit jerking off
investment tool because that's what
you're doing when you're trying to hunt
for the rates you're trying to wait for
the market to get better you're just
wasting time on something of zero
value bam I love that okay so uh you are
listening to the freedom show with flip
and Danny and our guest is Aaron Chapman
we are going to be right back after this
short commercial break add new income
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trust visit freedom family
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review so we know how we're doing and
what you guys are enjoying all right and
welcome back to the Freedom show with
flip and Danny Our Guest is Aaron
Chapman we are going to do one of our
favorite parts of the show this is real
quick with flip but before we get into
that Aaron I just want to say thank you
the power that you come and the value
that you provided in this episode of uh
why people should not be sitting on
their hands right now um and why they
should be connecting with people like
you um who can teach and educate them on
uh the importance importance of the
Investments things that that you're
sharing that they're not hearing from
anybody else um it just blows me away
and I am so glad that you're part of our
Network I'm so glad that you help our
clients and I hope everybody downloads
that app and we're going to put it in
our show notes um and I hope that you
Text Aaron because he is a vault of
information that again flip and I
invited into our company to tell all of
our you know team and lo and behold our
team already had connected with Aon um
so super super excited um and before we
get we're gonna recap some of that again
so you guys know how to get uh in touch
with Aaron but flip you ready to jump
into to this real quick with flip you
know you know we've been doing this for
a number of episodes now I don't think
this has been more anticlimactic for me
to jump in and do this this this segment
um yeah I feel like I I should have like
a clown hat on and a little you know
little noise maker uh yeah okay so now
we're gonna get to something completely
useless all
right all right so this we call this uh
real quick with
[Music]
flip so again uh I told you before we
started recording so it's going to be
like this that or the other I'm going to
give you two options you can choose one
of them but if you don't like either one
of them then you can choose another and
so uh so are you ready wait I don't know
how quick I'm gonna be because usually
my quickness is on other things so we'll
see what happens yeah yeah you know we
call this real quick with it's not quick
at all just have fun yeah yeahh all
right so the first one I'm gonna I'm I'm
gonna lob set you up with a nice lob
here uh country music or rock and roll
let's go with rock but there is a lot of
country that is um
man it's a lot of my history man you
don't cattle ranch without listen that
kind of stuff so there's a lot of good
memories to that but it's always going
to be Rock nice all right we can't see
it in the in your screen here but messy
desk or clean desk it's clean for the
stuff needs to be worked on but I do
have stuff stacked uh over here so it's
actually cleaner than normal there you
go H so are you a morning person or a
night owl I'm a morning I'm 4:30 a.m.
every single day yes us too well our
Bulldogs
are the reason I don't set an
alarm okay so what would you rather have
a time machine or a magic
wand probably a time machine um I would
imagine the oneand would probably act as
time machine so maybe the one but I
would say a time machine because there's
a lot of things in history I want to see
um and I want to see for myself because
I think people have really uh they have
messed with it and changed it and we
don't know the reality I would like to
know what the reality was ah the truth
with a capital T yep all right comedy
movie or scary
movie you don't neither I don't comedy
anymore is stupid and scaries they're
they get too close to the spiritual and
I don't want to mess with that crap
right you know i' I've been to a few of
those sometimes scary movies are funny
though because if you're in the theater
with the right people you just start
watching them and it's awesome some of
the biggest meanest looking Sun
just crawling out of there and they want
out especially these these devil style
ones these satanic ones I hate those
things but me I'm more of an action
movie guy that's and I'll laugh my head
off at action movies have somebody get
their head chopped off and I'm and I'm
laughing y y i I think we're we're both
the same I think the last comedy we saw
was the Ricky Bobby uh if you're not
first right yeah all right uh football
or
baseball again I ne on that one I
haven't watched either in so stinking
long last time I sat through a full
football game other than power room we
did the uh the Raiders was Super Bowl 23
you know and I just don't attend any any
games cuz like it's so so much time
wasted it's like it's crazy to think
that a person goes to a game or they got
to sit up and watch it's like there's
it's gone and what do you have you the
frustrated or happy but for what you
didn't do a damn thing right so what are
you frustrated for and what are you
happy for you did nothing and it's
amazing how many people fight because
they have somebody's freaking logo on
their shirt why are these guys fighting
who gives a damn right so it's it's it's
a very interesting Dynamic to me to
watch all that kind of stuff I just
don't get it and and for those of you
that are listening uh for quick
reference he said Super Bowl 23 I think
right now we're in Super Bowl 50
something so just giv you an idea how
long it's been how many years ago that
was playing though I'd rather play
football I loved playing football it was
a blast I played defense it was I was a
head I just I was a head hunter of
quarterbacks man I was a defensive end I
loved it I love it okay so would you
rather live in 1969 or
2069 probably
1969 uh cuz I have a 1967 GTO sitting
out here and that was the era for cars
man that was just that late 60s there
was no better time in the world for
being a a Gearhead than in the late 60s
in my opinion y I met somebody the other
day who was got a 1972 Chevy Nova just
yeah love it love it um that's a car
just so okay all right uh pineapple
pizza or candy corn P Pizza all day long
I'll do the pineapple with pepperoni on
that thing candy corn to me is one of
the nastiest things the world is ever
produced and again I'm sorry Tiffany no
one has yet to pick candy corn it's zero
for GU candy GL people that eat that
crap because they're the ones that leave
my pineapple pizza alone maybe who knows
yeah yeah there yeah yeah I I I put this
one in here because I thought this would
be would be fun uh do you rather shop
online or shop in store online person
because it's just I don't have the time
for store I would like to be in the
store I'd like to see it and see what
I'm getting and make sure I'm getting
what I want um but it's it's a time
thing anymore I'm so engaged with
something else that I can click a button
much faster I can drive and deal with
whatever what also sucks is when Home
Improvement stuff right how many times
you got to go back and forth to to to
the Home Depot or Lowe's or whatever it
is or Ace Hardware for to do the same
project because you keep get missing
crap it's it's amazing I hate I just
hate shopping all together how about
that just should
just that'd be a nun I am with you got
it got it all right well you just
mentioned the 1967 uh GTO outside uh so
last question speeding ticket or parking
ticket probably speeding ticket because
you're opening up that GTO right and I
did get pulled over for speeding in that
one time I did something crazy just
boiled smoke out of thing was hauling
ass and I had to pull in my parking lot
at work and up pulls a cop and he
blocked me in and I had my boss's son
with me and he comes over and wraps on
my window I'm like crap he rolls down
the window he goes dude goes I'm gonna
have one question for he goes um why are
you driving like that I'm like it's a 67
GTO bro how would you drive it and he
handed me back my thing goes I'd slow it
down and he goes but I like the answer
and he
left you can get away with stuff it's
amazing how much you can get away with
when you have the car to do it if I was
in a Honda Civic doing that he
would have probably cuffed
me I would have cuffed
[Laughter]
you I love it so H Aaron give one one
quick recap on um why people should be
buying real estate today um in today's
market despite inflation and interest
rate just one or two sentences um for
those people who listened to this
podcast and went wow that was a bunch of
amazing valuable information can Aon sum
that up for me so they get off their
hands and give you a call the two things
you just mentioned our inflation and
interest rates is the reason why you
should be buying invest in real estate
right now because inflation will
continue to keep going up and interest
rates are going to continue to go up
that's just the way it is and if they go
down you have another play you could
always refinance but I don't know that
we're going to have that option but we
do know housing is going to keep going
up there's a massive shortage in
inventory anybody that says well we
could go through the 2008 again no we're
not that was an enormous amount of
inventory and not enough demand we have
the exact inverse people are not getting
you they're people are not able to get
into housing period And if you don't
start doing it now your grandchildren
will not have a shot at it you are the
hope of your future future you want to
leave a legacy quit thinking it's money
it's education and it's assets those two
things educate your family get the damn
assets and educate them on how to use
the assets and you need to look at the
infinite banking strategy you need to
look at how to how to utilize Family
Trust to put their whole engage your
whole family in the process and if you
need to understand how to do that you
freaking call me and I told you
602291 3357 just text me or go to Aaron
chapman.com but get it get a connected
up you will get on my calendar Bri will
syn us up and I'll explain it all you
can't you're not going at this alone
that's the other thing never ever think
you have to do this by yourself because
you do you're going to lose this is not
a this is not a solo sport this is a
team sport and you got to be careful
people you're putting on our team
there's a lot of predators out there my
industry is full of them I don't give a
damn where you go most of them don't
understand investment real estate most
of them don't do investment real estate
and nobody gives a damn what investment
real estate you're buying they just want
to close the deal and they'll back you
into a corner financially if they
can yes yes bam you did it so um
everyone this is why we're bringing our
Network onto the show because of value
like Aaron Chapman just brought so give
him a call download his app um utilize
this resource he is here for you we are
so excited that we had you on the show
today Aon thank you so much for your
time I know we went long but it was
freaking worth it so um thank you so
much and everybody else uh we are going
to see you next Wednesday bye wow okay
so I am horrible at math in my head
that's all I have to say that was fun
yeah yeah yeah I was thinking is it
basic addition no then I need a
calculator somebody help me please and
the funny thing is is that like we've
seen him on stage go through this
exercise we've seen him with our team go
through this exercise and we didn't
think to bring a calculator up to the
podcast room um because I didn't realize
he was going to do this on the podcast
too and boy oh boy um so man that was
just a powerful episode there's a reason
why he's in our Network there's 's a
reason why on these podcast episodes we
are introducing you to our Network um
for those of you who um have been
sitting on your hands because of the
high inflationary environment because of
high interest rates because of materials
and all the other other things that are
happening in the real estate um world um
and in the economy these days he just
gave you all the reasons to get off your
freaking hands and call him um because
of how real estate is such a powerful
wealth Builder and how right now is
still a great time to buy real estate um
I saw something on social media the
other day and I sent it to the team and
I said hey you need to fact check this
and then send it out to our audience
because it was literally somebody who
went back and said hey the last time we
were at this interest rate was X like
and it was like the eights or something
like that we were at this and for all
the people at that point in time that
were waiting for interest rate to go
down they would have waited like 14
years in which time the the housing
prices quadrupled in 14 years but people
were SC if they were scared of eight and
they were waiting to get back down to 7
six 5 four whatever it was um then they
just sat on their hands and meanwhile
everybody else that jumped in was
actually Building Wealth just simply
through appreciation but maybe through
cash flow too right so there is so many
ways to build wealth through real estate
cash flow is not the only thing and
that's why Aaron get into don't look at
cash on cash yes it is a way to like
view the properties and for some of you
that's going to be a metric to look at
but right now in this environment as
rise as interest rates are rising um
that is not the only metric to be
looking for um and we in Ohio like to
say don't count on appreciation you're
always going to look at cash flow we
still say that we still try our very
best to get to the 1% rule it is not
always possible and it doesn't matter
you don't have to have 1% rule in order
to buy a property um because uh there
was something that we were really
surprised about you were um cing a
property on a street go and tell that
story yeah uh somebody was asking me
about what property and I'm like oh I
know that street well we bought a
property on there just a couple years
ago and I thought it was two years ago
it was 5 years ago um and uh and so then
I went wow let me look into this
property and and uh and I was like holy
smokes the values on the street are are
really high and I'm like I don't we
didn't sell it to him for that high what
did we sell it for and and I had to look
back at the data and and I think we sold
it to him for
$799 and it was now worth like close to
140 or over 140 uh we don't sell by
appreciation but men that sure sweet
yeah yeah yeah I was like would somebody
call that owner and just tell them their
house doubled yeah yeah their house
almost double in value we tell them
don't count on appreciation oh by the
way but your house just doubled so um
there is appreciation in Ohio folks but
we just say don't count on it right
what's that slow and steady wins the
race that's that's the appreciation in
Ohio yeah that's right but we still
don't have the swing so that incredible
like um example of appreciation um we
don't have the swings of Arizona of um
California um sometimes Florida not as
much um so uh but so we love the Dayton
in Cincinnati Market because of that and
so um Aaron was really really hitting
home today to start looking at the right
numbers like like shift your mindset
because I can't tell you how many people
that we have talked to that are
predicting that interest rates will not
go down at all for years to come like
this is the new environment and this is
not that scary we've been in this
environment before we've had interest
rates like this before we all just got
spoiled um so I really want to encourage
you really state is one of the biggest
Wealth Builders that there is so if you
have questions about this if you're
still unsure about this Aaron gave you
his phone number dial that phone number
text that phone number get on the phone
with him because he will individually
talk to you about your situation and uh
help you understand the ways in which
you can achieve wealth through real
estate even in today
um market and he'll show you what
numbers actually matter so again that
was a powerful member of our Network
brought to you guys that's why we're
doing the freedom show um I just loved
those
episodes and I'm super excited when we
do like these long ones and we get to
split it into two it just it's a little
bit more fun for me I don't even know
why it's like this anti anticipation of
the second half um and that they were so
good that we sat here and talked for an
hour yes um so uh one uh thing that I
want to hit right before we go is m note
so um we're getting close to the end of
the year I last episode I talked to you
about Cottonwood syndication and about
tax benefits and how powerful those are
um at the point of this episode
releasing I am guessing we have probably
closed that that particular uh
syndication down um we have taken the
tax benefits ourselves if it didn't get
backfilled so because we're recording
this early um feel free to call and ask
just in case I'm wrong um but I want to
talk about master notes um it is we uh
fully tend on keeping it open through
the end of the year so even by the time
this one um airs you will be able to
take part in the master note program it
is one of our pop most popular programs
it's for non- accredited investors and
accredited investors you're going to get
anywhere from 10 to 12% interest um it's
a five-year Auto renewable note so it'll
automatically renew if you don't want if
you don't tell us hey hey flip and Danny
CJ and Ben we'd like to take our money
out you can do that at any any point in
time um and you can cash out at any year
so in the note it's going to tell you
hey give us notice by this time so that
depending on where your funds are being
used we can make sure we can pull it
back out and get those funds over to you
um so uh feel free to to to call CJ and
Ben go to chatwi freedom.com ask them
about the master note program ask them
about any other opportunities we do have
available there's a lot we have
launching in 2024 I almost said
2023 um as we close out 2023 we're super
excited about everything that we have
going on in 2024 we're glad that you're
a part um of our world um and we're
super excited to be able to share new
things with you anything else flip I
know I think that wraps it up for the
year all right so happy 2023 I'm not
even sure exactly when this is going but
this might have been the last episode
before 2024 if it is Happy New Year hope
you had a great Christmas Christmas
whatever holidays are happening right
now um hope it was awesome and we're
going to see you next Wednesday
[Music]
bye nothing on the show should be
considered specific personal or
professional advice please consult an
appropriate tax legal real estate
Financial or business professional for
individualized advice opinions and
information on the show are not
guaranteed all investment strategies
have the potential for profit or loss
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