This content has been republished, rebroadcast, and/or edited under the Creative Commons Attribution license (CC BY), which allows reuse, remixing, and redistribution with proper credit to the original creator. It has been enhanced by UUN for educational, entertainment, and archival purposes, which may include the addition of on-screen graphics, ads, narration, or presentation formatting. — Original Creator: [Channel or Name] • Source Video: [Hyperlinked • YouTube URL] • License: CC BY 4.0 • Content acquired: [insert date]
Urban City Podcast Group
Urban City Podcast Group
Major Takeaways:
Wire fraud and attorney embezzlement highlight the urgent need for buyers and investors to verify every step in real estate transactions.
Mega investors are active, but mom-and-pop landlords still control most of the housing market.
Rising rental costs are a business necessity, as insurance, taxes, and maintenance expenses continue to surge.
This Month in Real Estate Investing September 2025 (Fraud, Fortune, Crisis, & Empire)
If you’re listening to this, there’s a good chance you work within the real estate investing industry. There’s
another good chance that you would like to increase the sales of your products or services.
Well, you’re in the right place. United States Real Estate Investor is a
platform you need to place your brand directly in front of your target audience. With our focused, growing
audience of real estate investing beginners, enthusiasts, and seasoned professionals, you can continually reach
our captivated viewers and listeners with ease. To learn more or to get started today, just visit
unitstatesrealestateinvestor.com/advertising. That’s United States real
estate.com/advertising. Get ready to increase your brand
awareness and your bottom line. Attract clients with content.
Universe Media Network network.
[Music]
In real estate investing, where we separate the noise from the news. I’m your host, James Brown, and I show
people how they can make safe, secure returns through our prevetted passive investments. Feel free to download our
ebook, The Astute Investor: The Top 10 Mistakes Investors Make and How to Avoid
Them. Or join our private investor club, so you can get exclusive opportunity alerts that we don’t actually advertise
to the general public. Just go to acceleratemycap.com.
In this episode, we’re going to be breaking down a variety of real estate investing news items, including mega
investors snapping up properties, NAR antirust suit, bled realtors dry, and
Six Flags real estate monetization push. Don’t forget if you’re watching live on YouTube, you can share your thoughts and
questions during the show. Let’s start the show.
[Music]
All right. are normally we have three guests but uh
had some screw-ups. So we have just us, huh? Just just us. The two James’s.
Nice. There we go. Yeah. So couple James. We we can do this. We can do this.
We got it. Um let’s see. Why don’t you uh kind of give
people an idea of what you do? You know, share your background. Types of investing you do.
Yeah. So my name is James Mitchner. I’m here in Prescuit, Arizona, which is about an hour and a half north of uh
Phoenix. Been selling real estate for over a decade, going on my 13th year
here. And uh right now I uh run a real estate team of six agents. Uh we sell
about two to 300 homes a year, which is pretty cool. I do about 50 to 100 of
those. I back down from I used to do 150 a year just by myself. And uh so now I
have that uh real estate portfolio portfolio of those 35 uh rental properties, half of which are paid off,
which is amazing. And uh do some private money loans and uh fix and flips, which
I got four of those going. And uh um a little bit of wholesale as well. So got
a little wholesale group. Um and then got a beautiful little family, which I absolutely adore. And uh yeah, real
estate is uh not for me, it’s not a job. It’s like I would say it’s a hobby. It’s something I enjoy at this point in time.
So yeah, excited to be on the show as always with with you guys. Yeah, man. That’s that’s a good spot to
be in. Yeah, it’s beautiful, man. My uh buddy said, “Hey, fill out this
PFS for me, the personal financial statement.” And I was like, “Okay, because him and I do loans together.”
And he emailed me back. He’s like, “Dude, you’re in such a good spot.” Because he’s about 50 and I’m 37. and
he’s like, “Man, you have just done so well.” Which I’m super I know that, but sometimes it’s hard for me. My goalpost
is always moving, you know? Yeah, I hear. Um, and it’s hard for me to like really realize. I want to get to the 50 grand
mark a month in passive income, which I would feel pretty good about. I’m a little over 30 right now. Um, so yeah,
it’s good. But, uh, I really enjoy helping people. I like to be um my new
uh title is called janitor because I have to clean up stuff all the time and make stuff neat and tidy and yeah sub
So anyways, yeah. Yeah. Um, but that’s what real estate is, you
know, it’s always been really big challenge and I think that’s one of the things I like is it’s not sure it could
be the same thing over and over again. Like a lot of people could see it that way, but through my lens like there’s
different people, there’s different properties, there’s different scenarios, there’s just always something new that’s
coming up, right? So, it’s always keeping me on my toes. I don’t really have time to get bored. Um,
and now one of the biggest things that occupies my mind is how do I mix in my work with my family and my own personal
time, you know. So, yeah, that’s been an adventure in itself as well. So, yeah.
Yeah, finding a balance is tough. It is. And it doesn’t when we love what
we do, we get excited and it’s it’s fresh. Yeah, it doesn’t feel like work, but then
you’re like, maybe like I love dirt biking and kite boarding and like like I
need to go do that stuff, too. Like that’s good for my soul. Clear my head, you know. Well, you like uh snowboarding, too,
right? I see your snowboard back there. Oh, yeah. Yep. Where are you at? Where are you at? I’m in Denver. I’m in Denver.
Oh, cool. Nice. How’s your guys’ market? Yeah, it’s um starting to wake up a
little bit, you know, but nice. I mainly focus on listings and uh so that’s been challenging for getting
sellers to like understand, hey, it’s not 2020. Yeah, that’s been my biggest thing, too.
I’ve lost a lot of listings um this year because of pricing, but I don’t, you know, honestly, I
really don’t care because um yeah, it’s
I don’t want to waste my money. I don’t want to waste my time. And like I tell them, you’re going to have somebody else that’s going to come and tell you a
price. You’ll probably lower it, but you know, if you want them to sign a document that says if they come below
this price, then they owe me the commission. Let’s see how how trustworthy they are on that end.
Because if somebody’s willing to sign the listing agreement that says, “Hey, I owe James Mitchner X amount of my
commission if it sells below this price, then, you know, and I and I tell people that all the time. Like I say, you know,
this is the price I recommend and if I don’t sell it for that or if I if it goes below this price, I’ll drop my commission to this commission. Like
that’s how confident I am in it and it will help a lot. So, yep. Yeah, that’s a good tip.
Yeah. Cool. Well, I know we you and I could talk a bunch more and we are after this another
time, but uh let’s get into the meat of the show. Get into the news. Um, from
the Big Ben Sentinel, Indiana men sentenced in Marfa real estate wire
fraud scheme. So, two guys in Indiana were sentenced uh to prison prison for
orchestrating a wire fraud scheme in uh this was actually in Marfa, Texas.
Oh, wow. They tricked a buyer into wiring 60 grand to a fraud dealing account. So, I
guess they spoofed the the title company’s email. Got him, dude. You know, just from like a God
perspective, like how can you do that? Like, you’re going to have to answer at some point in time. Like, you know, like
God’s watching everything. Like, and karma is a true thing in my opinion. Like, why do that type stuff, you know?
I just don’t I don’t get it. I’ve never been sued. I hopefully I never get sued and I just
try to do things above board. So, yeah. Yeah. God, my my last transaction, I
found out after the fact from the buyer agent that the buyer wanted to sue me.
He had no grounds for it. Why? Oh, this is a long story, but basically it um
[Music] so it was a hoarder situation.
Yeah. Yeah. And I I shouldn’t have even taken this
listing, but I ended up spending days pulling stuff out of um the crawl space.
Um which she wasn’t supposed to have anything in it. Yeah, long story, but
it got down to the end and and the buyer, he had issues um PTSD and brain trauma and um and he
just kind of couldn’t handle some things and he’d just go flying off the the handle.
Yeah. And uh he was just he was mad towards the end because it wasn’t everything wasn’t perfect. And uh yeah,
he was telling the the buyer agent he was going to get an attorney and sue me and sue everybody. But and but she went
to bat for me. She’s like, “Are you freaking kidding me?” Like
you wouldn’t have a home to move into right now. Like that guy worked his ass off
with way way above and beyond to make sure this would close. and and now you’re talking about suing him.
Like, yeah, chill. Like, I have like three bad reviews and two of
them are from buyers that I didn’t accept their offers during like the 21 through 23 craze.
I’m like, I had to do what’s best for my client. Like, sorry you didn’t get the house. Like, it’s not my deal, you know?
So, yeah. Yeah. Anyways. Yeah. But can be tough. But
yeah, I can’t believe somebody would actually I can believe because I bought a house uh from a lady four years ago
and she told me this that she had to give the money to her boyfriend so he could pay his back taxes in London. I’m
like, “Oh, really? Have you met this guy?” “Yeah, I met him twice and we’re like pen pal like you know we’re
together and I’m like well have you sent him other money?” She’s like, “Yeah, I’ve sent him a lot of my savings because he’s always he’s always in
trouble and I’m trying to get him out of it.” And I’m like, ‘When was the last time you saw this guy? Just a couple months ago. I’m like, “So, you seen him
a total of three times then?” She’s like, “Yeah.” I’m like, “Well, why don’t you guys just move to his house in Phoenix?” “Oh, we just lost that.” I’m
like, “You’re getting scammed.” Yeah. If I buy this house from you, please don’t give them all the money that you can.
And I’m like, “Where are you moving to?” She’s like, “My brother’s house.” I’m like, “Okay.” So, I pray about it. I talked to some of
my friends. They’re like, “Somebody’s going to buy it if you don’t. Might as well buy it. Maybe do a hold back.” So, I asked her if I could do a hold back.
She said no. Called her three weeks later after we closed. I said, “How are you doing?” She said, “Uh, I’m all
right. Well, what’s going on? How are you and David?” I haven’t really talked to him because he wants he I gave him
all the money. 250 grand. She gave him and uh he just wants more and I don’t
know. We’re just kind of on the fritz right now. I’m like, “Oh my gosh, where are you? Are you staying here, brothers?” Yeah, I’m sleeping on the
floor. She’s like 80 years old. And I’m like I’m like, “You should have let me hold 40 grand over for you like I wanted to.”
But anyways, long story short, it is what it is. So, yeah.
Yeah. Yeah. I have a similar story. First first transaction as a realtor trying to
help this lady out, she sent all the money to somebody she never even met.
Yeah. Like what are you doing? Makes sense to this man. Sad.
Well, take away from this article, be careful. Follow your title company’s
rules. Well, I always tell my clients, I say call them back. Yep. And then get the person online that
you’ve been dealing with and then run it by me if you’re not comfortable with them. We’ll jump on a three through three-way call. Make sure you’re good to go.
Exactly. And don’t call a phone number that’s in an email you just got. Yeah. I know, right? Look it up on their website or whatever
the number you gave them as the Right. Always call to verify. Yeah.
Yeah. Okay. from realtor.com. Mega investors are snapping up properties in
these popular metros. Uh Atlanta, Memphis, and LA are the top targets.
Let’s see. Price’s got to be moving down then. Yeah.
Yeah, for sure. I mean, if you’re getting an owner carry situation or you’re getting some sort of
really good financing, then why not, right? It’s hard.
for me with doing fix and flips not to hold everything, you know? So,
right. Yeah. Yeah. Like just out of necessity, you got to keep the money coming and then
keep some of them or or did you mean something else? Like manufactured homes and stuff, I won’t usually keep them, you know? So,
but if I could flip them real quick, I will. I have How many do I have? two or three, I
think, but they’re on owner carries and then another one of them’s paid off, so it’s just like I might as well keep them
because they’re such low interest. But yeah. Right. Yeah. Yeah. That’s kind of common
um advice on the mobile mobile homes owner carry them so you’re not about
you know they count like the you know how you can only have like nine loans in your name? Conventional loans they say.
Yeah. It’s by the way, because am I allowed to say words like that? Yeah. On podcast.
I don’t care. Cool. Yeah, it’s because when I try to get another conventional loan,
they’re like, “Well, you have three of these owner carries, so they count against you as loans.” I’m like, “No, no, no. You guys said conventional.
Like, I negotiated that with the seller.” So, yeah. So, thank you, Antonio.
So, um, yeah. I just I think it’s total crap that they count those against you.
It should be non-conventional loans, right? Whatever I negotiate with seller is our freedom to do what we want to,
but whatever. It’s our money. They can do what they want. Yeah. Well, thank God we got DSCR loans.
Oh, that’s why I’m closing on one right now. Yep. Yeah. Just keep going. Yeah. Yeah.
Yep. So, um,
anyhow, so what was the other thing that we’re looking at the or did you have any more to add to the investor snapping up
those properties? Yeah, I mean that’s always a hot button thing like, oh, all these investors are
buying up all these rental properties and yeah, but when you look at actual stats, it’s not a huge amount. It’s
really most mom and mom and pops own. Well, in that article, does it say Blackstone’s doing it? When they say uh
investors, what are they referring to? Um here, let me click into the article.
See if it mentions. I know Blackstone and Black Rock are
always, you know, in there. It’s interesting because Black Rock used
to own Home Partners of America and that that’s my
niche is rent to own and they they backed out of the market for the rent to
own. Oh, they did at the first
of this year. And so let’s let’s go to the next article. Um, from Long Island Life and
Politics, Floral Park real estate attorney pleads guilty to embezzlement.
So I I read into this a little bit. Embezzled 1.7 million from escrow
accounts of, you know, 30 clients um within a
three-year period. He’s just using it for going to nightclubs, luxury hotels, adult
entertainment, whatever that is. What’s the guy’s name that was doing it? Terrence Dherty.
Dherty. Dherty. Yeah, man. Dherty.
How do you say it? Spell that. Uh, spelled like d o u g h
e r d y. Oh, here it is. Right here. Yeah. 13 counts of GL brand lararseny.
Like why would you do that? You’re a like you’re a attorney. Like
Yeah. I I just don’t understand why they would do that to
Yeah. risking everything. And guess what? He lost everything and he’s facing three to 10 years in prison.
Yeah. And honestly, it should be like a boxer that kills somebody. Like you’re using, you know, you’re using your
powers to steal from other people lesser than you. Like, dude, you’re done, man. Like, you know.
Yeah. It just makes no sense to me with people like that. Yeah. Yeah.
He doesn’t need to give attorneys a worst name. Yeah. I know, right? Seriously,
attorneys and realtors like us, people are giving them giving us a bad name.
I agree 100%. And this is a young guy, too. Like looking at his stuff just
right. Wait, was it in Florida or where is it? Floral Park. I don’t know where that is actually. Oh, Floral Park, New York.
Yeah, here he is. Oh, yeah. It was Long Island Life and Politics. Yep. Doesn’t look like the type that would be
a criminal, I guess, but like that. So, and going to the nightclubs. Yeah. Yeah. I guess he’s probably not an
old guy. Yeah. No, he’s young. He’s probably like around our age, like 40s or something
like that. Yeah. I’m older than you. I’m 55. You’re 55?
Yeah. Oh my gosh, dude. That’s crazy. Right.
You’re like 45, 43. That’s unreal. Nice. Good for you.
Looking very young. Yeah. Geez. Yeah. But I got the fountain of youth.
Yeah, you do. I’ll tell you all about it if But you’ll got to pay me. Yeah, I know. That’s funny.
Let’s go to the next one from realtor.com. DJ Calvin Harris
accuses his financial advisor of stealing 22.5 million to fund
quote boondoggle unquote real estate scheme. A complete fraud.
Calvin Harris’s Yeah. So I I I was reading it about it.
Um, so I guess his financial planner was trying to get him into this project
called um, CM NTY, Community Culture
Campus. It’s like a big project. Um, that was projected to have a $900
million valuation once it was completed. Um, and you know, it’s one of these things.
You read this article and Calvin Harris is saying he hasn’t received any payment on loans, no equity returns, calling it
a fraud. Maybe it is, but maybe he’s just pissed because he hasn’t got his money right
away. And of course, the other guy, the financial planner is like denying wrongdoing, arguing that delays
are due to market conditions. and says the development just is it remains
viable but so that’s crazy I’m looking up the story right now. Yeah.
Yeah. So yeah that’s a that’s a lot of money.
Wow. I mean I don’t know a DJ I know he’s a big name. 22 million is a lot of money.
Really big name but still. Yeah. But you know there’s two sides of every story. So maybe he’s just not getting it back
out. I mean, it’s a depressed market anyways, and we all know that, right? So, you got to buy right and do all that
stuff. And I think a lot of people that get into investing like that, they just send in their money, and they don’t
actually like uh they just they hope it works, right? But they they’re not looking at the
logistics. They hear it’s real estate, they hear it’s Los Angeles, they hear it’s high-rise, and then they expect it
to get done. But there’s a lot more uh factors that go into this. So, yeah.
Sure. There’s going to be two sides to every story on that. And maybe he’ll get the money back. It’s just not in the
time the manner or the timely manner that he was expecting. Yeah. Yeah. Like, you know, this is a
development project. This is that’s the pretty much the
riskiest thing you can do in real estate, right? Like flips flips are risky, but if you know what you’re doing, you
you you’re kind of making educated decisions. And but developments are so big and complex.
I mean, the nice thing about a flip though is if it doesn’t work out, you could rent it, right? If you get the time and the market really hits you. I
mean, that’s what I did. I had a flip and press kit that I thought I was going to make 100 grand on and then it got down to a price where I was going to
make like 20 or 30 and I’m like, I’m just not willing to do that. No. So, I have a renter in there and yeah, she’s
paying the mortgage plus 300 bucks a month. So, yeah,
it’s good. Yeah. Shoot, I just got logged out of my notes here
to stay on track. I’m gonna text her right now and see how she’s doing because we got to raise the
rents. How often are you raising rents? Once a year.
Yeah, same here. How much do you raise it? Uh, it depends. 50 or 100 bucks. Just
Yeah, like it depends on the the rent price, you know? I don’t know. What are
you doing? Yeah, I mean some of them like
I’m probably if I’m like 30% below market, which I
generally am because they’re it’s gone up so fast and I haven’t been raising rents, then I’m going up a 100 to 200
bucks a month on those, right? But I’m not going to go 500, but I’ll do that. And I had one of my tenants reach out to
me and goes, “Hey, if you’re going to keep doing this, I’m going to move out.” Like, go for it. Like that would be fine. like you’re still your rent is
1,800. The rent I just rented three other of those houses for 2350. You’re
550 under. Like I got to raise it because my insurance went up $10,000 from last year to this year on all my
rental properties. And then the the taxers went up. So, you know, my handyman went up. Like
everything went up. So, this is a business for me. Like I got I’m I’m not a charity man. Like, you know, and I do
help out a lot of people with the money I make. So, you know, I’m constantly giving it away because I for one, I like
doing that. But yeah, so yeah. Um,
anyways, so yeah, I try to go up 50 to 100 bucks as well.
Yeah, I’m trying to remember. We do we have a rent to own here in Denver. I forget what we bumped it up to. It was in the
lease, too. You know, we put a cap on it. It might have been a couple hundred bucks now that I think about it. I let
everybody know that, you know, it’s going to go up at some point in time. So, well, we’ll go up every year,
generally speaking. So, Yep. Yeah. Yep.
Cool. What What other news thing do we got? Uh, let’s take a break to learn about
one of our partners, if I can speak that up. Cool. Are you worried about where your money’s
headed in today’s unpredictable market? At Accelerated Capital, their investors
tell them that safety and security are their highest priorities. They want to
wake up every day knowing their hard-earned money is working hard for them. In the best interest of their
investors, Accelerated Capital carefully vets every opportunity, knowing that most of their investors want to avoid
risky strategies and stick with more boring but proven asset classes and
strategies. Accelerated Capital’s team of seasoned real estate experts and financial strategists value long-term
relationships and transparency. They’re also there to help investors find a fit for their own personal goals.
Accelerated Capital has options for both accredited and nonacredited investors at
any stage of their investing journey. Visit acceleratemycap.com to download a free copy of the astute
investor and join their legacy wealth collective private investor club or click schedule a call to book a short
capital accelerator call today to get started. Visit Accelerated Capital at acceleratemycap.com.
That’s accelerate capital.com. Accelerated Capital. Accelerate your
wealth with alternative investments. All right,
that that was the ad for for uh our our group. So, I I wanted to bring this up,
too, because what we were talking about on that last article was, you know, people putting big chunks of money into
these projects and not and just kind of going, I hope it works out, right? Yeah.
So, when you’ve got a a bunch of money like a Calvin Harris, he’s got that one
financial planner, but maybe he doesn’t have a whole team,
uh, you know, like a a a family office.
A lot of people don’t know what that is. basically, you know, a rich family has a team of people that are tax strategists,
you know, financial planners, a whole team of people, and they’re looking at these deals. They have guys
or gals, whatever, uh, that are looking at potential projects to put their money
in and to make them more money, but they they’re usually not those kinds of
families. They just want to protect their wealth and grow it, but not not be
their risk tolerance is is lower than somebody that’s trying to claw their way
up, right? Yeah. Um, so you got a team is my point
with with what we provide is kind of that same amount of due diligence for
um like apartment syndications is is what I’m getting at there. So we’ve got
a team of people that basically put a
a syndicator into a Shark Tank scenario. say they bring their deal and then we as
like syndicator sharks start asking them all the questions about their deal like
how long have they been in business? Have they, you know, done a syndication and gone full circle where they
refinanced out or sold it and got their investors their money back? Like how
many times have they done that? And so we have some limits. But having a group of people that know
the right questions to ask Yeah. makes somebody that’s just, you know, a doctor that’s got a bunch of
money and he wants to put it to work, but he doesn’t know, you know, how how do you calculate ROI?
Like he’s not looking at rent rolls and all that stuff. Um, and you guys have a meeting like a Zoom
meeting or an inerson meeting where you go over all this stuff and help answer questions.
Yeah. Yeah. Cool. Exactly. Yeah. And then, you know, we haven’t done one of those deals in a
little bit. Um, we’ve just kind of mainly focused on rent to own and co-living in the single
family space. You actually get better returns in in single family. Um, and
that’s kind of that’s my my focus. But, um, you know, we go over
what are the risks and benefits and rent to own is amazing. That’s why I got into
it. Like, tell me a little bit about rent to own. What do you mean by that? So, basically what we do is a call it a
reverse lease option. So, we find a buyer first that can’t get a loan from the bank but has a good chance to and
part of our process of to make rent to own work out because rent to own has
been given a bad name um from those big companies like Black Rockck, you know.
Um, yeah. And sometimes they do work out. Like I know people that it has worked out fine.
But we loop in a lender from the very beginning as kind of a CYA for
everybody. Yeah. Just to see like where are they at now? Why can’t they qualify? What do they
need to do to qualify? And how long that’s going to take. So once we know that and know that they’re a fit and
they’ve got some money to to pay upfront for their option fee, u we’ll go buy
them a house just usually on market. Um and they usually need one to three years.
But it’s amazing because the difference a house is you buy them a house.
We buy the house for them. Yep. No way. Yeah. Like if it’s on market like we
could just let them go pick out a house. That’s the same way like Black Rockck was doing it. Um
but uh and they have how much money down? So we look for 10% of the purchase price
or more. So it’s it’s it’s a sliver of the population that can’t get into some
kind of loan product. Yeah. But so it’s usually self-employed people. They’ve got some money, but
banks don’t like them. So they’re not checking all the boxes that the bank needs. Yeah. Yeah. Crazy.
Yeah. So, what if after say two years they’re like, “Okay, we’re ready to buy it from you.” Then you’re asking them to
essentially refinance you out of the loan, right? No. They go get their own a fresh loan
because we’ve Yeah. Yeah. They’re not assuming a loan because we’re going out and getting like
a conventional loan um with 20% down. Conventional being DSCR or conventional
being conventional because you can only do Right. because we just got done talking about that conventional stuff,
right? Yeah. So, not on FHA because it’s not like as an investor, we’re we’re not
living in it. So, get um that or DSCR. Yep. Yep. Okay.
Yeah. Cool. Could I mean we’re we and our our investors are just mom and pop
investors, not loaded like holding these thing in in all cash. So, there’s a loan
on it. Oh. So, okay. Lenders love us because they get a loan up front and a loan on the back end, too.
Yeah. Seriously. Yeah. They have no idea. I actually teach a CE class for agents and lenders
uh about all this. And once they get it, they’re like, “Oh, yeah, dude. That’s awesome.” Okay. Yeah,
that’s cool. Yeah, that’s something I want to look at as well is doing Yeah, we could talk about a more for
sure. Like the reason I bring rent own up is you’ve got
somebody with an owner’s mindset and some skin in the game that’s going to take care of the property because that’s
going to be their property, you know, officially down the road where, you know, regular render, they they might be
good people and take care of the property, but there’s no guarantee, no skin in the game, and that that kind of
mindset isn’t there. Yeah, dude. That’s amazing. Nice. Okay,
that’s something to think about. I was thinking about selling some of my stuff on owner carries because you can charge
up to 9.9% I think, you know, then if you advertise it over
30, balloon it in five or whatnot, like makes sense. But yeah. Yeah. Yeah, that’s good, too. Yeah. Then
you don’t have any Yeah. You’re just you’re the bank. You’re not getting calls and we don’t really get
many calls either. Video for you. No. What’s that?
Was my video freezing? Yeah, it was. Yeah. Okay. Uh I got too many windows open,
but I don’t know how how to get rid of all of them. No. Anyway,
uh well, hey, let’s keep things moving here. Um from House Beautiful, this chilling new real estate scam could cost
you everything. Well, we’re just here to scare people, I guess. Yeah, I know, right? So, I was like,
let’s get some positive stuff in here. I know, right? Uh we always follow up with a fun one at the end, but um so this is
talking about uh title pirates targeting vacant land. Us
second homes and vacant properties. Yeah. I I don’t know about you, like I
just the other day had somebody reach out, hey, you know, I want to sell some
land. Total cold message to me. Like, yep. I’m like, I’m not touching that. Like,
no. No one just reaches out to you. Hey, I see you’re an agent. Would you sell my land? No.
Yeah, I know. Yeah. It’s got to be a scammer. I just, you know, or they like write you and then they’re
like, well, I can talk through WhatsApp. It’s like, oh, yeah, I know who you are. Yeah. Oh, yeah. Big red flag. wish they would
have like a department that like you could just write into real quick, you know, like, hey, this number is trying
to give me do you want to take it from here? You know, type thing. So,
yeah. Yeah, they’re getting tricky with with that actually like getting getting
their names on title like it’s hard to hard to even figure out if it’s a scam.
Yeah. No. Yeah, actually right after this I got to go meet up with a seller for some land,
but I know he’s real. So, yeah. So,
yeah, those happen all the time. Just don’t be naive and if it sounds too good to be true, usually it’s going to be too
good to be true. Like, you just don’t want to get tied up and stuff like that. I never have because I’m always like,
“Sure, yeah, well, I don’t know. I just I I’m so busy. Yeah. I try not to keep
that time of day, you know. So, yeah. Yeah. Keep keep moving. Yeah. I
know my my uh partner Josh Shanley, he’s he’s been listing a lot more land recently,
which is really nice. Just you’re not dealing with a property, you know, like a building.
Yep. And emotions and all that, right? Yeah. Leaving the lights on and that type of thing. There’s pros and cons to
it for sure because some of them don’t move as fast but then when they do move you know it’s uh
yeah it’s usually not as emotional because people aren’t tied into it. Yep. Yeah.
It’s just dirt. Well, our next article from real estate
news. NAR has bled realtors dry. New antitrust suit alleges.
What’s that mean? I you know I I read into it a little bit more late last
night. Um it’s basically this guy he’s a managing broker has a
whole team the way I read it and he he was upset
that he’s paying NAR National Association of Realtors and his local realtor um
association association and then have It it also is getting into like multiple MLS’s that I
don’t know like like here in Colorado we’ve got 11 or 12 MLS’s. Yeah. And so the managing broker like this guy
has to be a member of all of those in order for his agents and he’s got a I don’t know how big his
agent team was, but it’s like he’s paying all these different fees just to be part of these
different MLS’s. So that’s what he’s he’s upset about. But they’re they actually they’re trying
to do here in Arizona, too, is just make it one one big MLS, which would be cool,
you know? Yeah. If it’s a good one, right? Like our our one here in Denver, the main one,
is is good. It’s wellrun. It’s just got bought out recently, but like there’s one
a couple hours away from us that is freaking terrible. Like, yeah,
they’re kind of old school and they’re just trying to make it hard for everybody. It’s like,
well, if if that was the one that we ended up going with and it sucked for
everybody. Yeah. You know, it could go either way, right? Absolutely.
Yeah. I don’t know that that’s a debate, a timeless debate. Like people don’t
like I had somebody in my I’ve got a group of like 6,000 Colorado agents and
uh somebody popped in. They’re like, “Hey, is there a brokerage I could join that doesn’t require you to join NAR?”
And it’s like, “Oh my god, there’s a can of worms.” Because it’s like, first of all, I I asked like, “Why are you not
wanting to join NAR?” Right? Some people don’t want to pay. They don’t see the value in it,
right? And sure, it’s not going to be perfect, but No, we could talk for hours on that, I
suppose. Do you have any thoughts on on this? Yeah, I mean
I I get where he’s coming from and I think one would be nice, but then you’re kind
of like monopolizing. I don’t know. It uh but each like the Sedona one that we
have here is like very close-knit. They like things certain way, which I get, and it holds the standard up higher,
right? There’s other ones that are a little bit more loosey goosey, but then you got to add all those fees onto it
if you want to sell out there. But that guy, like he’s complaining about how
it’s draining them, but that’s kind of the cost of business at that point. And he knew going into it that that’s what
it was going to be. So, uh I think for me, like if I want to go
sell in those other counties, then I just have to understand like that’s a cost of business and I’m going to have to go into it. But I guess I’d be afraid
of the monopolization, right, of Phoenix, you know, coming up here. And then when you add one big umbrella
like that and then a Phoenix agent can come up here and do more business, it’s going to make it more competitive and
dilute it a little bit. So maybe that adds a little bit of entry of barrier so that it keeps it to more local knowledge
than somebody outside somebody coming in from Phoenix just being able to sell everywhere we’ll just do it right
because they’re not very busy and they’re like okay cool I could do this but they’re not going to get the same
type of uh service because they don’t understand the area. You got to let them in as
agents unless you have a combo box. I just did two deals with two out of uh
Phoenix and agents. They asked me for my termite inspector, my home inspector, all this stuff. And I’m like, “All
right, I’ll do it because I want to get the deal done, right?” But like, I don’t know. It would have been cool if they would have because when you use an agent
here in our town, that money goes back into our community, right? When somebody comes sells property here, they take
that commission, they bring it back down to Phoenix, and they bring it into that economy. So, I don’t know. It’s just
and then they want to do their title in escrow down there in Phoenix. And it’s like but you’re selling a prescuit property then you’re using a prescuit a
or a you’re selling a press property but you’re using a Phoenix escrow company
then you’re using a Phoenix lender then you’re using a Phoenix uh uh agent lender and escrow company. So
all three of those big services are getting the filtered away from our community. So
yeah. Yeah. Yeah. Uh, good points. Yeah, that’s my thought on it. And
everybody will have their they can combat it and bring up their point and I’m more than willing to listen to it.
But yeah, that’s just my thoughts. Yeah. Yeah. Yeah. Those are good points. Yeah. We also mentioned um Compass was
involved in this and they’re um forcing the the co-founder of Zillow to come in
and and uh be under testimony for like three hours or something. Oh, really?
Yeah. Not sure. Boy, Zillow’s been under fire. That whole Compass thing, that’s a
whole other thing. Merging with um all these other companies. I’ll have to talk
about that another time. Yeah, I think well you were going to bring up N and I thought the number one
point I was going to bring up is that was our biggest mistake that we ever made was giving our listings to Zillow
and Realtor.com so that they could charge us for our leads. Yeah. And we didn’t charge Do we charge them
anything and they just get free data? Yep. Like they just took money out of all of our pockets. Like that’s the stuff I get
upset about because I’m the one that goes out, secures the listing, does all the marketing, and then they get to take
it and then market it back to me with the buyers that I want. Just doesn’t make sense. I don’t know
why they did that, but yeah. Yeah, it was smart.
Uh yeah, sucks for us. Yeah.
All right. Uh, from National Inquirer, Wolf of West Virginia, sentenced to
prison in real estate fraud scheme, ordered to pay nearly $400,000.
Theodore Miller sentenced to seven years in prison and ordered to repay that
400,000. 400,000 from 180 investors.
I didn’t do the math on that, but that’s a lot of different investors,
you know, some kind of a Say that one. Read that one more time. Yeah. So, he he defrauded 180 different
investors out of 400,000. Yeah. Like, what’s what’s the math on that?
like some kind of well that you know that’s why syndications and syndication
attorneys and law are in place so you can’t go take advantage of people that
are like oh I got five or 10,000 you know like here yeah go invest this
and and but they’re not in real estate they don’t have the wherewithal to like absorb a loss like that
you know yep I mean it’s just making the world a harder
place for people that want to get their money out there. Dude, my thing is is
like just treat people with kindness and don’t screw them over. Like why do we have to all do that? Like are you that
greedy? Like just work a little bit harder. The world would be such a better place. But
if we didn’t do that, but also people get off the hook too easily. So I think
it’s in India or some place, right? If you steal something, you get your hand chopped off. Like that’s pretty bad. But
most people don’t steal stuff because they don’t want their hand chopped off, you know. So, yeah. Yeah. Well, luckily guys like this, you know,
seven years in prison, that’ll make a him think. And, you know, we’re sharing
this, other people will be like, “Oo, maybe I should think twice before I try to defraud some people because
Yeah. Seven years in prison, that’s even if it’s shortened.”
Yeah. Right. One day in prison could change your life, right? Yeah. Maybe I don’t want to go. Oh, I wouldn’t want to go to prison. No,
no. I’m too pretty, man. Yeah. Yeah. I got my family, dude. I don’t want the bad rap of that. So,
I’m just not that person. No. God. But just treat people with kindness,
dude. I just don’t I just People would stop being so entrusting
obviously if we just had more trust. Like, we could just Yeah. be kind to each other. But it is what it is.
Yeah. My point to it is there’s got to be stiffer penalties for people that do stuff like Yeah.
Yeah. You can’t get in trouble over and over and over again. And then it’s Okay. So,
did I tell you what I told you one of my flips got broken into today or Yeah. Before we started the show. Yeah.
So, I called the police and uh um I they came over. They did a report
and I said, “Oh, I saw you. You were following us. you flipped a UEI and pulled over the guy that was behind us
and goes, “Oh, yeah.” He was going 50 and a 35. And he’s like, “Can the guy that got pulled over was like, “Can you
please not give me a ticket?” He’s like, “Well, when’s the last time you’ve been pulled over?” He’s like, “J July.” And he’s like, “What about before that?
January. What about time for that?” Well, it was uh November. He’s like, “You obviously haven’t learned. I’m
giving you another ticket.” Like, these people just don’t learn because there’s not harsh enough consequences. It’s
like, dude, if you get pulled over four times in 12 months for speeding, like there’s got to be more consequence
because they’re just not learning, you know, like in my opinion. And that speeding could kill kill a kid or like
injure somebody or something like that. It’s just Yeah, man. Yeah. We’re too loosey goosey with
stuff. That guy must be speeding all the time because like how many times I never get pulled over, dude. And I do
speed, but I’m I’m not super excessive about it, but I do speed. So, but just like you said, he must be speeding all
the time. So, yeah, excessively if he’s getting pulled over that many times.
For sure. Oh my goodness. Let’s go down onto our next scam uh article from from WWSB
Sarasota. Venice woman posed a real estate agent as a real estate agent and
scammed couple out of thousands. Andrea Moss, 59, Venice, Florida.
charged with grand theft from a person 65 or older. Um, that must be like a an extra penalty
and unlicensed real estate activity. So, um, I guess she got accepted $6,200 from
an out ofstate couple for a rental and it sounds like she was a property
manager, but um, but she didn’t have her license. Yeah.
Didn’t have a real estate license. Yeah. So, her Yeah. her management uh rights
had been revoked months earlier and formal charges were filed. Um so, she
just kept doing her thing and Yeah. scam these people. Yeah. That happens all the time where uh
people are trying to rent a home in my town. Yeah. And they put it on Craigslist or something like that and they get scammed
out of sending the deposits. Yep. somebody and creates a new
posting, right? People are like, they call me, they’re like, “Are you a real person?” And they’ll look me up and all that stuff, which I’m totally okay with. Like, I’d
rather them do that, you know, but because they don’t want to be scammed and I get it, which adds a
little bit more work for me because if I mean, I literally just rented two
apartments to people that I never met until they actually moved in, which was kind of crazy, but I’ve had good luck.
So yeah, usually if they pass the test of whatever I have in my mind. Yeah.
Yeah. So you’re managing all all of your properties. Yeah.
Good for you. But I have a good retention rate. It’s not as much work as you think it is. Yeah. If you
And I have guys that like the tenants have their number. So if there’s anything big, they just call them
directly or small, they just call them directly. And then if it’s big enough, my guys will call me and say, “Hey, this
is what’s going on. You’re cool with it.” They’ll send me a text. I’ll say yes. But if it’s like on the tenant, like this one tenant moved into one of
the places. And then all of a sudden, the toilet started clogging. So I had to get the sewer line cleaned, right? Then
it happened two days later. I had to get the sewer line cleaned. Well, guess what came out of that. I’ll give you one
guess. Um, feminine products. Yeah. Whatever.
Yeah. Yeah. So I’m like I I’m like, “Can you tell how old they are?” He’s like, “No,
I mean it’s pretty messy.” And I was like, “Okay, well now it’s scoped,
right? So if it happens again and there’s Fenin products, she’s going to pay for it.” So yeah, I just Yeah.
Anyways, yeah. Basic rule. Don’t flush those stupid things. Same with those flushable wipes
that they say are flushable. Like no, no, no, no, no. Like, yeah, those are clogged, too. Even though they
say flushable. Yep. Yeah. So, you flushable, dude. It’s not
flushable. Like, just Yeah. Yeah. Um,
but I I Yeah, I manage them. I like it. It’s just
It’s been good for me. And my retention I can’t tell you how many people are like, “Thank God you’re the landlord.”
like I don’t have to go through another company. I don’t have to do any of this. Like most people stay five years, you
know, with me. Although I’m raising rents, so maybe my retention won’t be as good. But, you know, as soon as
something’s broken, I get it fixed. Like, I don’t I’m not a slum lord. So, I literally got to put in two H Let me ask
you a question. So, one of my HBACs is going bad, right? I can save $2,000 if I
buy two of the units because then they don’t have to have the crane come back out. But one of them’s still working, one of them’s not. Like, do I just spend
the money and get two brand new ones or no? Wait, how much are you saving?
Two grand. Two grand. What are they per normally?
Like if you bought like eight grand each. So I’m uh
Yeah, it’s a good question. Well, how old are they? Uh, they both the same age
kind of end of life, I think. So, if they’re end of I mean, he said they were the same
thing. Let me see. Yeah, because if they’re both kind of end of life, it’s like Yeah,
he said he said if we do both brand new rudd
126, if we only do one, it’s 7,000.
Yeah. Yeah. What do you think, Antonio?
Yeah. That’s that’s an interesting I I I I would just
look and see, you know, if they’re end of life, then yes, for sure. But if they’re, you know, if it’s only a couple
years old, right? Yeah. It’s like, oh, well, yeah. No, save that money.
Um, so yeah, that’s one question I don’t know that I got clarified. Yeah, bring that up. Well, cool. Let’s
take a break for our next partner and we’ll get back into it.
Are you looking to elevate your business through exceptional content? Universe Media Publishing is your gateway to
success. We understand that in the world of business, content is king. But not just any content. Your business deserves
content that captivates, convinces, and converts your audience into clients. At Universe Media Publishing, we specialize
in crafting SEO rich web content, persuasive copywriting, and marketing copy that resonates with your audience.
We don’t just write, we engage, we connect, and we deliver results. Imagine
your brand’s voice amplified, your message crystal clear, and your presence dominating the digital landscape. That’s
the power of partnering with Universe Media Publishing. Don’t let your business just blend in. Stand out, be
heard, and make an impact. Connect with us at Universe Media Publishing and let’s turn your vision into reality.
Visit universe media publishing.com today. Your story, our expertise. Together we’ll create magic.
Okay, we’re back and from Jason Miller, Substack. This the first time we’ve had
a article from Substack. Autozone is repurposing the real estate
of bankrupt big box retailers as new mega hub stores. So they’re taking like
Bed Bath and Beyond, Big Lots, Toys R Us, Kmart, and turning them into these
mega AutoZone. Um I haven’t seen that here in the
Denver market. Um have you seen that? Probably not in Prescat, but down in
Phoenix. Have you heard of that? No. Yeah. I mean, I don’t We don’t get We’re
probably like I would say Arizona’s probably two years
behind California and then Prescuit is probably a couple years
behind Phoenix in some of those things. So, yeah. Yeah. Meanwhile, working on
Yeah, Antonio’s right. So, with the AutoZone play, say it one more time.
Oh, they’re just taking big big box stores and turning them into mega AutoZone. 50,000 square foot.
That would be I’ve never even seen one down in Phoenix that I can think of now. Yeah, it says Well, it says there’s 133
already. So, huh. Aiming for 300 nationwide.
Well, just like what Antonio said is like working on your car is getting more difficult anyway. So, like a lot of
those are getting more computerized. So, and the engines are kind of I don’t know. From what I can tell, it’s harder
to work on your vehicle. So, yeah. Antonio says he hasn’t seen one in
Vegas yet. Yeah. Interesting. I I wonder what they’re putting in there. 100,000 SKs.
Um, you know, I’ve been in my local auto zones. There’s a lot of stuff, but like
what what are they gonna fill 50,000 square feet with? It’ll be Dude, there’s no way that we have an
AutoZone and Pres Valley and a a uh we have a Napa and then we have a uh
O’Reillys, right? That’s it. And then they have the same three stores on Prescuit and that’s all
we have. So, it’s not We can’t support a 50 square 50,000. We can barely like
support a big furniture store. We’re only 150,000 people, you know, and that’s like a 20 mile radius.
So, yeah. Yeah. But it’s interesting. I mean, I would love to buy the commercial space
that AutoZone is in, you know? Yeah. Like, I think that’d be super cool. If
that ever came to me, I’d probably do it. So, yeah. Which I did just get offered like a 12plex to buy in a different town, which
I’ve been kind of thinking about. I don’t know. Do we have to stay to the topics that we’re talking about? like with those
circles. Is that what your audience likes or no? Can you deviate a little bit? We’ve we in this show we’ve deviated a
lot more than we normally do, but I I freaking love it. Let’s let’s do it because if I think if it’s interesting
to you and I let’s let’s just I mean, dude, so I can buy this 12plex, right, in a little town that’s growing
and I can buy it for under two million and I could sell two of my houses and have like half of the down payment down.
Yeah. you know, and it brings in 200,000 a year. And I’m like, dude, that would be really nice to have that, you know,
like I could go in, fix some stuff up, bring up the value of it, and then I
have 10 rental 12 doors right there. Yeah. For four of my houses, which four of my
houses bring in 24, 24, 100 grand, right? So, it just might make more sense
to do that. Now, I’m gonna have more headaches. So, I’ll probably have to pay a property manager. But maybe I could
have my in-laws doing that because they’re retiring here soon. So, Oh, there you go.
You know, just pay them like 30 grand for the year to just answer the phones and handle that. Like, it’s not going to
be a full-time job. It’s going to be super part-time, right? Yeah. So, yeah. I don’t know. What do you
Sounds cool, man. Yeah. Yeah. You run the numbers. Does it make sense? I mean, I can do it in my head
pretty quick and it’s like, yeah, that makes sense. But I’d have to do DSCR probably. Well, you’d have to do a jumbo loan, right?
Oh, is it anything over 750? Is that what it is? Oh, for DSCR, like a limit?
No, no, no. If you’re getting a loan over $750,000. Yeah. Yeah.
I’m not sure. Um I mean, would that be considered a commercial loan?
Oh yeah, would be a commercial loan. What am I thinking?
So, and I’m assuming that’s a 20 maybe 30%
down, right? At least 20 because it’s an investment if not more because it’s commercial.
Yeah. Lender. Yeah. I wonder if that would be Do
lenders, regular lenders do commercial loans like that? Not all. Yeah.
Um it I can put you in touch with my buddy Dominic Denino. Um he’s he’s a
broker and he does flips and all sorts of creative stuff rent to own and stuff.
Fact, he’d be a good good connection for you, I think. Either way. Oh, really? Okay.
Yeah, that’d be awesome. Yeah. Send him my way. Yeah. He’s actually considering getting
licensed and uh joining up with us, too. So, Oh, really? Yeah. Yeah, he has been in the past, but
he’s mainly been a lender, worked for, you know, and run some big teams on the
lending side as well. So, yeah, he’s a badass, but yeah, he could he could get you lined up.
Okay, cool. See what your options are. So, yeah. Okay, that’d be awesome.
Um,
okay. So, from stock titan, land and buildings issues l letter
detailing. Why? How? Easy for me to say. Land and build.
Land and buildings issues. Letter detailing. Why? Now is the time to
finally unlock Six Flags substantial trapped real estate value. That’s a long
one. Uh, I didn’t quite understand this uh
because they’re talking about separating Six Flags real estate through a REIT
doing a spin out or sale lease back that could generate up to $6 billion
and deliver as much as 130% upside for shutter holders.
Um, so, uh, this is when it’s nice to have like
maybe a commercial guy, uh, you know, on the show on the panel. Yeah.
Because Yeah. This is out of my zone, [Music] dude. That’s awesome, though. I mean,
why would they do that though? They they lease it back to themselves. Yeah. It’s interesting when they get all
creative doing that stuff. Well, there’s got to be some tax benefit and obviously monetary benefit, but
Yeah. Yeah. Yeah. 130% upside. They said $6 billion.
I don’t know if anybody’s listening on YouTube and can comment that knows what’s what this is. This
means let us know. That’s crazy. Yeah. Let’s go to our next one from USA
Today. Rent control gets another look amid a national housing crisis.
H. This always rears its head, doesn’t it? Yeah, it does. Always. Yeah.
Yeah. What are your thoughts on unlimit control? Oh, I think that it’s
the market will dictate it because it’s already happening here. So, I put up a
property for$,550 a month and I had one or two people inquire and I’m like, “Oh
man, I don’t like the people I’m getting. I’m going to have to go down a little bit lower. I thought I was going to have five or 10.
I lowered it down to 15. Still 1450. Got way better, but still not
enough. I dropped it to 14. And I had like 20 people that came and I’m like, “Okay, cool. This is what I want right
here.” And I got the right person. So, but the market told me it wasn’t worth 1550, you know. So, the market does its
own stuff. Yep. Just let it do its thing. you know,
they mentioned I don’t know rent controls. Yeah, I could see where
Well, you know, I’ve with their dollars, then it would be different. You know, if people just understood how they can truly win the
voting game and it’s with what you spend money on. So, my Apple Watch went dead,
right? And the screen broke and it was going to cost me essentially $300 to get everything fixed. I’m like, that’s like
buying a brand new one. So, I ended up buying a Fitbit off of Next Door that was brand new for 50 bucks and I love
it, but because I’m voting against buying something for 500 bucks from Apple because I just don’t want to,
especially if it can break that easily, you know? So, and I also vote with my dollars by
buying more expensive stuff through Costco because they warranty stuff. And I don’t know, man. It’s just voting with
your dollars. It’s like when a new movie comes out on Amazon or something and it’s like 30 bucks. Like if I really
want to watch that movie, I’ll wait until it goes down to like 10, 15, maybe 20 if I really want it. But that’s me
voting with my dollars. And that takes self-control. It takes restraint. And like maybe we all can’t do that all the
time, but if you practiced it, if everybody practiced it more often, then we would be in a much better spot in
this world. So yeah. Yeah. Yeah. This article
Yeah, but a lot of people like they say rent, they want rent control, but the
taxes go up, the insuranceances go up, the handymen go up. Like they can’t afford to keep up that building. Like
sure, if you want to live in a piece of crap house, then we can have it be rent controlled, but then if it’s going to be
rent controlled, then I want the government step in. If they’re going to step in and control what I rent, then they need to step up and control what
HVAC guys can charge me, roofers can charge me, handyman can charge me, right? you know, like like where do you
stop it, you know? I don’t know. Well, you hit on the main thing with rent control right there because if if
you’re deincentivized to Yeah. rent to people, you’re you’re not going
to keep up with the property. You’re not going to make improvements. Um the the quality of your rental is
just going to go down down down because you’re you’re hog tied. And then other investors aren’t going to
want to get into the game. they might not even be able to because the numbers don’t work and then the pool of rentals
dwindles and the quality dwindles and then you’ve just got these shitty
rentals and yeah, so that’s that’s really the gist
of why rent control just doesn’t work. And the other thing is like what
Antonio said is like if you look at all these beautiful cities like Seattle,
Portland, LA, uh New York City like they’re all ran by
I mean I’m getting a little bit political here, right? But look at what how they’re ran their Democratic party
and th those beautiful cities are just turning into uh what what’s the one on
Batman? U Gotham. Gotham. It’s turning into Gotham, dude. It’s just like there’s
crime everywhere. Like there has to be more order. There has to be more like they’re just you can’t let people do.
Human beings are meant to have a leader and like be like we we look to people
for that type of thing. Like we need more order. We need more God. We need more like we need more of
that type of thing. So yeah, we can’t be um
socialist. Yeah, we can’t be turning into socialist and communist cities without pol without the policies of the
communism, right? Like it just doesn’t work out. Like we can’t do that in my opinion. It’s
just a slippery slope, man. In my opinion. Yeah. Yeah. That’s a good Yeah. Slippery
slope. Yeah. Yeah. It’s you gota gota keep it. It’s like uh one of my friends I think
they went they went to Seattle or something like that. They said there’s needles all over the ground. There’s
people pooping all over the ground. Like there’s all these tents and everything. Like you’re not only gonna So you get
that, right? How many people want to bring their families there to go do tourism and stuff like that when they
see all of that because of it not being safe and exposing their kids? They’re not only going to lose money by that,
they’re going to lose everything when they lose the tourism and they move good people wanting to move in there. Like
that’s when the city just goes to trash and then it goes to, you know, I I’m all
about helping people and like getting them help, but don’t let them free fall through it, you know? So,
yeah. Yeah. Yeah. Needles, feces, trash all over the
place like Yeah. How are you seeing that in Denver at all?
Yeah, they’ve they’ve cleaned up some areas.
Um, and I don’t know what they did to clean them up, but the tent cities are gone in some areas. But I know like
the buyer on that condo I sold that became a nightmare where he was going to sue me. He he was trying to get out of a
neighborhood where apparently they’re busting in Venezuelans. Um, and it’s he
said I mean there’s people fighting every night and like he was scared for him and his kids.
Yeah. Yeah. So, he just wanted to get to a nicer area. So, like and I don’t know who’s busing
them in like from where? Because that these some of these different states will do that.
They’re like, “Oh, we’re cleaning up our cities.” And they’ll like pay pay them whatever, put them on a bus
and send them to another city. Like, what? That’s not solving the problem. Yeah. One of my friends telling me that
like Trump is putting kids in cages and stuff and shipping them out. I’m like, “Dude,
some kids should be in cages.” But uh Go ahead. Yeah, for sure. Yeah. Yeah. Yeah. Right.
But I just don’t believe that that’s I think there’s two parts to every story, right? And there’s the radical right and
the radical left. And like there’s just the point is is like if you can see if
if there is a strong case study that shows how certain cities are ran and you
can compare those two together and they’re ran by different policies. Yeah.
Which one’s doing better and you do that over and over and over again and that one keeps outshining the other.
Obviously this one works. So yeah. Yeah. Top five US cities showing strong
growth or momentum in 2025. Princeton, Texas surges about 30% in population
year-over-year, becoming one of the fastest growing cities in the country. Selena, Texas, leading growth rate of
more than 16% among sorry among US cities in 2025. Texas
also again Flusher also among the top fastest growing populations growth rate.
Huntsville, Alabama now estimate nearly 250 growing rapidly with close to 16%
increase. Yeah, that’s crazy to read that Antonio. So, um, those are
that’s big numbers. 30% increase. Dude, that’s huge. That’s like alarming.
I mean, Florida was doing that for a while, too, man. There was like thousand people a day moving in there in 2122.
It was just insane. So, yeah, got some challenges.
Yep. Yeah. All right, let’s go to our fun news item. Richest billionaires in real
estate from Stacker. Um, stacker.com.
See, Richest Billionaires in real estate showcase how property has created vast
fortunes through development, management, and investments. Donald Brenn leads the list with 19
billion, followed by Stephven Ross at 17 billion and Jeff Green at 9 billion. I
don’t know any of those those names, but neither do I. You know who I do know is
uh um
oh my gosh, what was his name? He owns like a billion dollars in real estate. I
I went to a party with him and talked to him for like 45 minutes. He was so cool. He’s a shorter guy.
Pace Morby. No, not Pace. I met him for like 10 minutes one time.
I know Beardy Brandon. You probably know Brandon Turner. Yep. I know him. And yeah, he’s a cool guy.
Yeah, very nice. How I got my start is Bigger Pockets.
Yeah, me too. That’s why I did podcast every single day while I was hiking first thing in the morning before I went
to work. And then my mindset was get listings so I can get commissions so I can get the rentals so I can pay them off so I can
get to financial freedom. There you go. Yeah. Yeah. He’s cool. I get because Bigger
Pockets is based here in Denver and then he flew in for a thing. So I got to meet him and Josh Dorcin, you know, the
original founder back in the day. It’s cool rubbing elbows with guys like that.
I just I just love Brandon Turner’s like vibe. He’s just got such a good
attitude. Yeah. Oh, dude. He’s such a great guy. Yeah. Uh Donald Trump.
Yeah. Rick Caruso, Leonard Stern also highlight diverse ways.
Seeing any of those? We’re talk we’re talking to the choir here. I mean, there’s a reason we’re in
real estate, right? Yeah. build wealth. I mean, I would love to be at that point. If I got to that point, I’d be
helping out a ton of people. I always said if I won that, what was it, like 1.3 million dollar uh
lottery that was here in Arizona? My son’s like, “What would you do?” I’m like, “What would you do?” He’s like, “Buy a 3D printer. What would you do?”
I’m like, “I would help a lot of people.” Yeah. Like that’s the thing I got the most excited about was helping people,
you know, people that are working hard and just striving to do stuff, you know, not Yeah.
Yeah. Because there’s a lot of people out there that are striving to do better for themselves and they’re working their butts off, but they’re just not gaining
traction. So, yeah. Yeah. Dude, I I need to send you a video I just put on Facebook
about that exact thing. Oh, really? Yeah. Yes. Um, I’ll I’ll connect with
you after this on Facebook, Instagram, and then uh I’ll share that. Cool.
But, uh, well, cool, man. This this flew by. I mean, I know it did. I was looking at, too. I
got a tenant coming over to drop off some money to me right now, so I got to run. But yeah.
Right on. This is awesome. Tell Antonio I said hi. Well, can you hang on for a few more
minutes? Yeah. Okay. Yeah. So, we’ll we’ll um
end this. I just got to finalize a few things. Uh like to thank our sponsors,
United States Real Estate Investor Advertising, Accelerated Capital at
AccelerateMycap.com, Universe Media Publishing at Universe Media Publishing.com, and of course,
thanks to our one and only guest, James Mitcher.
Thank you. Oh, why don’t you let people know how they can connect with you? Oh, uh, Instagram would be great if, uh,
they go to Financial Free Realtors, um, on Instagram or just look me up, uh, James R. Mitchner on Facebook.
Um, also send me a text if you’d like at 9283084700.
So, by the way, we’re like reorganizing all this stuff right here. So, yeah.
Okay, cool. Cleaning. That’s a little dirty. I see that there. It’s okay. What? What was it?
My office just looks a little bad right there. Whatever. It is what it is. So, yeah. So, cool. Thanks, James. I appreciate
it. Right. Cool. Yeah. Can you hang on a little bit more? Yes, sir. Okay. All right. Uh, again, I’m your
host, James Brown. Feel free to connect with me by going to linktree partner with James Brown. Got a bunch of
links on there. And if you want to want help on your investing journey, book time with me to see how we can work
together by going to James Brown real estate.com/coaching.
Also, huge thanks to our founder and producer Antonio Homeman with United States Real Estate Investor. Follow and
subscribe to This Month in Real Estate Investing at this month in real estate.com or your favorite podcast app. We’re on
all the podcast apps. Uh, if you run across any interesting news events or have suggestions for expert guests like
James Mitchner, feel free to share by emailing Antoniorealestateinvestor.co.
And remember, when one door closes, another door opens to financial freedom. See you next month.
Urban City Podcast Group
