Confronting 33-Year Old YOLO’ing Nurse on Stocks & Real Estate! | The Financial Audit by Meet Kevin

I don't think you're going to get a loan

for a while right so I wouldn't even be

worried about buying right now believe

it or not I make a lot more than my

managers do the next 18 months you are

probably going to go through a pretty

rough real estate

start welcome to the first ever

Financial audit from meet Kevin we've

got Phil here thank you so much for

joining us we're going talk a lot about

you and your situation very excited

about that this is the first time we're

actually doing this so I'm a licensed

financial adviser for the purposes of

this video this video will be Financial

advice it will be actual Financial

advice solely from me with two

additional commentaries here from Mike

and McKay Mikey we prefer Mikey uh but

anyway welcome aboard thank you so much

Phil for coming out here tell us about

yourself what are your goals man where

do we start yeah thanks for having me um

so my name is Phil um I'm a registered

nurse in Columbus Ohio go bu guys um I

make about 110 to 130k a year um as a

registered nurse and I am a brand new

real estate agent agent as well um just

got my license in June um I'm a five

course member of yours truly oh my gosh

well thank you so much I think you you

had brought your badge too that you came

to the New York Stock Exchange that's

amazing thank you so much for that by

the way mean he's in the profit portal

so he gets access to all of the yeah

look at that that is so cool so I'm glad

glad to to be able to break down your uh

situation how much do you work a week I

mean you're in your scrubs now it's it's

like I just got off work man coming over

you got a grind got to grind um it

varies honestly um as an RN I probably

put in like 30 to 40 hours a week um but

it's only because I'm trying to expand

other avenues okay um so I could ramp

that up to like 50 60 70 hour weeks um I

make right now I'm manipulating kind of

the crap out of the hospital um and I

make like 105 110 an hour oh my gosh

that's awesome right so I mean we can

deep or dive deeper into that here in a

minute um but right now I'm trying to

scale up uh my real estate portfolio um

I currently own a condo and a duplex um

I guess to give a little bit more of a

background about me I started investing

in apple when the iPhone first came out

and I just threw every penny in there

and I became an investing addict um

during uh undergrad I graduated pretty

much without any debt I was fortunate

enough to have some uh financial

assistance from my parents um but after

that I was only making like 33 Grand a

year um from ages we'll call it 21 to

26 um during that time period I actually

lived in a frat house I lived there for

free because I needed a house Dad um so

oh yeah like see I mean like what other

what give me any responsibility I just

want to live here for free I think it's

great right so when I went to a grad

school um I went to the nursing route um

I basically lived there for free um and

you know that's something for anybody

else out there trying to think of like

cheaper ways to save on housing um look

into student organizations that that

need a live in advisor um and you can

save some money there so um after

nursing school I um started working as a

nurse my mom got cancer um we thought

she was going to die there for a second

but we're all good there in fact

tomorrow is her um 5year anniversary of

surgery so cancer-free awesome right

that's really good yeah wasn't it the

odds of remission declined over time yes

dramatically so uh but because of that

we thought we thought she was going to

die um so we put her condo in my name

because her cancer diagnosis occurred

literally in the transition of her

moving from Chicago to Columbus so I

technically own her house she gifted me

the uh mortgage payment uh or excuse me

the down payment um and we just put the

mortgage and everything in my name

because we assumed that she was going to

pass so rather than have the the

hairiness of it all of probate and all

that stuff so we put it in my name

thankfully she's still alive so like

great news there awesome um so but that

kind of leads to one of the questions I

have for you is um and we can go a

little bit further into that as well um

I have a duplex um it is I'm house

hacking got some grant money um

everything's working out good there but

technically my mom is gifting me the

mortgage every month um from tax because

she's renting the condo essentially

correct um so she's not paying me rent

but rather she's gifting me the money

and according to my accountant that's

like the most tax efficient way doing

things because you don't have to clear

it as income or anything along those

lines um so one of the big questions I

have for you guys and like I said we can

go into that a little bit further is um

I'm trying to grow my real estate

portfolio but I do have her condo kind

of weighing me down from a debt to

income perspective because because

you're getting a gift you're not getting

income there's a double-edged sword of

that you don't pay taxes you don't get

to call it income right right right uh

Good Old Uncle Sam trying to take his

cut you know so um but yeah uh when I

bought the duplex I

um um used Grant funds um I want to ask

you about that tell just even for the

audience I think this is very

interesting tell me about these Grant

funds because people forget that there's

free money available to buy places you

bought a duplex using grant money yes

tell us about that um so um my employer

um had this down payment assistance

program where if you bought within a

certain vicinity of the hospital um they

would Grant you money towards the down

payment of your house it was up to

15,000 so I maxed that out um which was

really nice because it served as 5% um

of the total acquisition of the property

so then I only had to come up with 10%

um I just heard Fanny and Freddy adjust

the duplex down payment requirements

from 15 down to five but when I bought

it it was 15 so um I had to come up with

the other 10% in which case I utilized

my Roth um I had a lot of profits in my

Roth used 10K um as well as um the

contributions that I made throughout the

years so between out taxfree great yep

um so but yeah the grant money I got for

my employer so I mean there's definitely

programs out there for um people who

have like a W2 type of situation

sometimes the employer provides grant

money but also um as I've done a little

bit more research um I know in Ohio um

there's grant money for nurses and

doctors it's called grant for grads um

but there are just tons of like you

could Google um grant money and I would

I would encourage and you could

certainly give your you know input on

that if is like anything that would

apply to you whether like new grad

Google that nurse graduate uh nurse

Google that doctor you know that's a

that's a great suggestion I mean not

only Googling that but then throw your

county in there right hey Ventura County

down payment assistant or whatever

County you're in or nursing down payment

assistance doctor whatever it might be

student uh I think that's a great

suggestion for individuals and it's

great you took advantage of that maybe

our boss can do that like if if you buy

you know within a mile or whatever that

be cool we should we should do that

that's a really good idea it gets

everyone close yeah that's the other see

that's actually

brilliant yeah so now when the hospital

wants to uh hey you got time to pick up

another shift or whatever you're only a

minute away you right yeah um brilliant

and with the shift work it's it's you

know they're so desperate for work right

now that it's literally I could go in is

it still that way is it still so high

demand has it gotten better it is it's

still high demand is it Peak demand I

wouldn't say that um and to be honest

with you hospitals have begun to like

shut down

so because we don't have enough staff um

they've begun to cut the qual like you

know quantity versus quantity um so

they've decided to kind of close

hospital rooms and ultimately the people

that suffer there are the sick people

well yeah of course you know well it's

longer weights I mean three four five

six day weights in the ER um are you

serious yesun I've seen no it's it's a

mess yeah it's a total mess you got to

go somewhere else then you got to get

somewhere else and like I don't want to

tell you which employer I work at but

you can deduce yeah but uh we are the

best hospital in Columbus and so even if

you've got like a three-day weit at our

place two day weight at our place where

are you going yeah interesting are

Urgent Cares the same way uh to be

honest with you I'm not sure um I don't

have access to that kind of like waiting

room data um so I would definitely

encourage people that if they could like

you know PSA if you can go to an urgent

center go there uh because the hospitals

are pretty full wow that's wild that is

wild so okay now one of the things you

mentioned is expand other avenues is

that your real estate agent goal tell me

about that a little bit where did that

come from just because you're house

hacking now or sure um so I I bought my

duplex um right before the pandemic uh

there job thank you I got lucky um there

was a wedge deal component I probably

made like 20 30k of initial Equity so

nothing crazy but still like 10% plus

plus the down payment assistance program

and right so that's also part of the

wedge I free money and you could any

resale restrictions on this well yes um

technically I have to live there for

five years but then it's a 0% if

whatever component I don't live is a 0%

interest loan you're three years into it

four four yeah look at that because you

bought it even before okay you're almost

done that's great okay so so um you know

that's that's kind of cool um and then I

took advantage of the eidl that's

actually where I found you wow was April

of 2020 cuz you were putting out you

know like stimulus package uh videos

left and right and um those were the

videos I was just like well what can I

take advantage of exactly and I'm not

going to lie as a healthcare worker

during the pandemic I thought they were

going to throw us a little extra nothing

ever kind of can the hero's pay was

supposed to come never did in which case

I've got my own conspiracy as far as why

that uh we can perhaps go down to some

hot takes but if you guys want yeah um

but um but yeah so um and then I took

mortgage forbearance as well um also

kudos to you so thank you for

that so um so yeah so I knew that I was

going to grow my real estate Port

portfolio at some point so I figured

well I could get my real estate agents

license on the side um the position that

I'm in now is I have access to like a

thousand nurses and doctors um and the

um I'm kind of known now as the finance

real estate Enthusiast within the

hospital so retirement planning all that

stuff # notot Financial advice um like

I've I've you know I've got an economics

degree as well um so people kind of know

me as the real estate and financial whiz

so I have access to those thousand

nurses and doctors so I was wondering if

perhaps what do you guys think if I

should kind of put my nursing career

kind of on the back burner and

accelerate my real estate agent keeping

in mind that I make like 105 an hour um

you know it's it's not a bad situation

there um or do you think I should just

kind of refer it out um how long have

you had your license so far June so okay

so you just got your your license so

congratulations you got a license in the

worst possible time ever

cheers now the good news is if you can

sell during this kind of time when we

get to that next Bull cycle you'll be

breaking in the dough yeah this is this

is a very difficult time so uh in in a

situation like this uh as actual

Financial advice I would be there's no

way I would walk away from what you're

making this $10 $130,000 a year in this

environment sure uh we have no idea how

long this real estate bleed lasts the

beautiful thing is you're working 30 40

hours a week man right do you have kids

no okay so and I want to be clear for

the viewer I don't know anything about

Phil other than what he's telling you in

this video so I want to be clear I

haven't gone through anything from you

on purpose because I want to ask the

questions here and hear you to answer

them so uh you're working 34 4 hours a

week you don't have kids uh are you in a

relationship yes okay uh how long uh 4

and a qu years okay okay so it's you're

probably past the initial like honeymoon

phase right good okay great when and

what is uh what does the uh the other

person do uh Natalie she is in marketing

um she was in real estate marketing

ironically oh um coincidentally work

from home then um now she works for

marketing for like pharmaceutical um um

like pharmaceutical style mark marketing

uh with new drugs or whatever sort of it

was it's more to like get in front of

the uh like Physicians eyes or healthare

providers how how do you close that

appointment with a physician right so

ironically apparently I think I'm on a

couple of her lists cuz she'll like can

look through like marketing targets so

it's kind of ironic that is yeah that's

awesome okay got it so how many hours

work a week is she working uh she's got

to work from home type of situation um

30 40 yeah also about the same 50 for

yeah yeah for whoever's watching 50 60

otherwise 20 yeah okay good so I I mean

you have free time the beautiful thing

is you could do both yeah there's no

reason you can't hustle in real estate

without having to give up that art

personally I would look at um uh it

depends on on how you're feeling but you

could pick up these extra shifts and

probably get to 45 50 hours at I it's

it's this lovely situation where I could

put uh yeah you the luxury yeah yeah I

have a question

in terms of your ceiling as a nurse do

you think this is the most income you

can make as a nurse or is there is there

more certifications or more things that

you can do because the threshold from

going from zero to 100K in real estate

will be a lot harder than going I don't

know the nursing route but getting a

little bit of extra income as being a

nurse like what's the limit in terms of

being a nurse um I am pretty much like

maxed out on all the shirts um the um at

this point it's really just a you put

the time in you get the paycheck I mean

I know and I'm not exaggerating I know

guy who cleared 500k as a nurse now

granted he anesthesiology no no no just

as a floor nurse W how just killed

himself with hours Bingo there's no way

though I mean but if you're working 40

hours and you're making 110 even at

overtime there's no way you're getting

to 500 unless you're I mean he was doing

like 5 six s 12 a week sometimes even

16s which is the legal limit you're

you're allowed to do 16 hour days in the

healthcare world I'm sure the care is

like really high quality you know at the

yeah Caff consumption alltime high in

what other like benefits do you get as

an RN um well like I said I'm I'm making

like 105 one 10 an hour um I've

basically completely forgone all medical

benefits like I'm I'm purely a mercenary

at the hospital are you a contractor

then no um I still technically yes um

although technically my uh so I'm only

required to work 16 hours a month right

um and it's called PRN or as needed in

the medical world um so I'm only

required to work 16 hours a month now

I'm also not guaranteed anything so if

there is a dry spell like let's say they

hire a bunch of travel nurses which is

kind of where we are right now the

hospital that I work at has brought in a

decent amount of travel nurses but

that's got to be more expensive for them

uh probably similar similar pay um

I I make more than a travel nurse a lot

of travel nurses don't think like that

like they they think travel nursing

makes the most yeah yeah yeah that's the

impression that people have it is but

being in uh perhaps it's just my

hospital that kind of uh made a little

oopsy doopsy as far as calcul

what should we pay our internal staff um

but perhaps I don't know the contract's

in place for another two years though so

um I've got this what I like to call

desperate pay um at my disposal for the

next year and a half two years um so um

but yeah I completely like I don't get

medical benefits I don't get anything I

I do get like a 401k match type of

situation like 3% or something uh

actually it's it's this here's another

hint if anybody knows the Ohio well um I

have to put put 10% in and then it gets

matched to 12% oh that's great um so

it's a 1012 match that's great um and I

opted out of the pension for an

alternative retirement plan of like a

401k kind of thing okay um so yeah I

don't really get anything I just get

pure cash now what happens after this

one and a half years is it contract

renewal where your your pay might go

down substantially or what what happens

yeah yeah so um this uh incentive pay is

the technical term for it um that is

through the summer of 25 um which

basically says if you work above your

contracted hours you get an additional

$40 an hour w at Peak it was an

additional $70 an hour wow um so what I

said is is like well I demand to be

demoted then um so I got demoted down to

16 hours a month which is minimum hours

yeah and now you get the bonus on more

hours right every every hour I work

above 16 is getting paid out and and

that's why you said you manipulated the

G you I mean you just did what was smart

here's here are the options what do you

want to say how do you want to play it

go and then on top of that you get

overtime time and a half weekends all

that stuff that makes sense so um it

essentially at Peak it was like three

and a half Xing your income um by

demoting yourself um now it's closer to

like two and a half um so after this

time period um I would be down to I

would like I don't think that they're

going to get rid of this program just

because of supply and demand um there's

such a labor shortage in healthcare um

so afterwards let's say they do get rid

of that um then I'm probably looking at

a standard RN salary which in Columbus

Ohio you're probably talking like 80 to

100 yeah okay all right so the the risk

is is maybe that extra 20 30% basically

yeah what uh I mean do you like what you

do do you like this are you over it or

are you exhaust both yeah I mean burnout

it's it's uh being a nurse is awesome

right but at the same time you do kind

of open yourself up um and it can kind

of wear you down a little bit stress you

out um so um yeah it's it's not that I

like dislike what I do um but it's also

one of those things where it's like I

definitely don't think I could do this

for the next 40 years yeah and that's

fair yeah well the nice thing is you you

probably wouldn't have to because I like

where you're going with this idea of you

know your econ background and real

estate agent uh the the way to do that

though like the time to transition I

think is when you're in that up swing

Market that bull cycle where you know

you start start getting those clients

now maybe you do open houses it's fun

it's exciting you also at the same time

you keep building your portfolio hey if

you can get your hands on to another

property great uh now you're not only

the guy who's talking about it but

you're actually doing it which is great

that's and then tell all the people

you're working with oh I'm closing on

this other property you know look look

at the before and afters whatever hey I

want to do that too you know it's almost

like you're marketing by doing it right

or talk about it at open houses that's

what I used to do I'd have an open house

uh when I was a new agent I'd put up

like before and after pictures yeah

people like oh what's that they like oh

I'm glad you asked right you know right

so uh the cool thing is you can play as

you say the pedal game now maybe you do

two shifts you working 24 hours what are

you on tws well that's fours I pick I

can basically four hour shift think of

it Legos you know I could stack as many

four-hour blocks as I want in a given

day up to 16 which is the legal limit

okay why would you ever do a four I mean

just getting getting into that mindset

like you may as well do the a know it's

called the princess shift um so uh you

basically just get in you kind of do

your thing and you get out it's real

quick sometimes um that's all that's

available right like so you get what you

you know that makes sense so take what

you can get kind of thing okay right um

and the only reason why I've probably

been doing 30 to 40 hours is because

I've been getting my real estate license

I've been getting affiliated with Keller

Williams um kind of onboarding there

like I said historically I probably do

to like 50 or 40 to 50 hours um and so

that's where the it takes time to get

set up that's awesome Okay so so you're

setting up the side hustle you got

licensed in June so that means now

you're you probably have your business

cards you've got things already okay all

right that's exciting yeah absolutely

and uh you've got so you have a tenant

that you're also house hacking with

what's the scoop with the tenant do you

you manage the property I'm guessing yes

okay and then your mom is living in the

property where she's gifting you the

mortgage correct the condo all right so

what about uh this um your your debt to

income then so what's your payment on

the condo sure the condo

um is 1070 a month okay um there is an

HOA of like 250 to 300 but she's my

mom's been paying that like she's kind

of just taking care of that okay so my

the uh my portion of the mortgage is

$170 that's principal and interest

correct and insurance and insurance okay

got it and what about property taxes uh

that's built in there built in that's

your P got it okay great and then so uh

what What's that worth if you were to

rent it out that's 1320 total you know

plus some pairs a couple hundred bucks

here or whatever yeah so if I if it was

like a non family member right right

right um you're probably talking like 23

oh wow 100 a month oh that's great well

it totally makes sense then for your mom

to be uh uh renting this uh for for

gifting you the payment in other words

right and like I said like it it was

hers it made totally make sense what

about your second unit in the duplex and

what's your payment on the duplex sure

so for the entire building it's uh 1911

a month um mortgage payment is and

that's

Piti um they are paying 1750 a month wow

um very good yeah and I mean there is uh

so it was a wedge on multiple fronts um

it was a wedge in that the renter the

previous owner actually lived out in

California um and he was renting it from

afar so he had no idea what happening

what was happening in the market right

and I noticed I've lived in this area

for the last 12 years right and you've

got What's called the short North which

is where like the bars restaurants is

and then you got campus right and then

the piece of land in between like the

mile long used to be a little uh um

sketch lack of better words and so just

over time these uh land masses kind of

like grew together right so I bought

like right in the middle because because

I lived there for so long I saw the

merging of the two uh um you saw the

progression you knew what was going on

and you felt comfortable living there

yeah yeah so um so that's where that's

where I bought that and why I bought

that um so it was under uh the rents

were under rented um

and the side that I ended up living on

literally the kitchen cabinets were like

falling off the wall like there was

definitely some uh little love that

needed to be thrown into it um so plus

the down payment assistance and all that

other stuff so for me it was a good deal

all the way around um but

anyway they rent from me from 1750

mortgage is 1900 my site's a little bit

nicer than theirs just because I've

lived in it had some more time to it um

so so the entire building would probably

rent for like

3637 with a mortgage of 19 um I've also

um hardwired the wifi into it um so that

way R some ethernet and that yeah right

right um I live on the one side so

YouTube TV I buy it and I share it with

them so that's a tax wrof too because

well have that's part of the living here

there you go so service provided by the

building exactly right so okay so now

your tax returns the last two years what

have you declared as as your adjusted

gross income that um I let me see I've

got my tax filings with me okay uh okay

so we just took a quick little pause and

we just took a glance at your 2021 22

tax returns in uh 21 it looked like you

had uh income from wages salaries tips

basically your job 76k 90k uh in uh 22

here the uh downside that you have is

that the payments that you're making on

these two properties bed is about 38,700

bucks a year okay and on top of that

you're getting about ,750 in rent so

you're getting about 21k back but you're

going to get diluted on that we'll run

some numbers here so uh you mentioned

that you right now you can make 110 to

130 per year is that just the difference

of hours no no no I do make the um I I

wonder if it's because of like

depreciation um right off cuz

the the duplex it required me to put in

uh like 50k worth of Renovations and

stuff like that so um that would impact

the AGI would it not yeah it so I was

just looking here let me see 22 let me

look at it here so on

22 I have let's see here total amount

from your W2 of the 91,000 and then you

have the rental loss essentially of the

11,000 that's where you're going to get

your depreciation your mortgage interest

deduction and all that that comes from

your schedule e uh and then in the 20

one filing your wages uh before your

adjusted gross income it's just number

one it's page three on your 2021 for

example uh it shows your W2 at

766 so those those are probably where if

you've gone to a lender and you've said

imagine you've gone to a lender and

you've said hey like I uh uh I want to

qualify for rental or whatever they're

going to look at those two numbers and

in your case uh you have an increasing

number which is great uh they could take

that 81,000 and that's

76,000 uh and uh because you're W2

they're not even going to average these

out they're just going to go okay well

it's increasing let's assume you can

keep doing that if your pay stubs are

reflecting that they're going to say

you've got $91,000 of income so $91,000

of income to be able to qualify uh with

with all your other debts probably going

to be no more than about a 45% debt to

income ratio yeah which uh gets you to

payments of up to about

41,000

41,000 uh is is what your able to make

payments on and you've got total

payments already of about

38,700 offset by that additional rent

right sure so the additional rent if we

add that in let's throw in 21,000 give

me one sec we'll do some quick math on

that that additional rent coming from my

mom or the half of my my half of the

duplex of$ your half of the duplex so

your mom's uh payment to you is zero

you're not getting any of that correct

so now we're looking at you've got maybe

qualifying income that'll get you to a

45 perish debt to income ratio of about

50,000 bucks yeah so that's only leaving

you the ability to qualify for about

,000 a month okay so the only way to

really qualify for something in with

with the numbers here is if it was a

th000 bucks a month or it was like

really cash flowing right you know but

you could buy anything if it's really

cash flowing but today with a loan

Nothing Cash flowing at 8% right so and

that's because everybody expects rates

are going to come down and the market

will go back up and whatever whatever

and what what I uh let me interject real

quick um there was a substantial uh pay

raise um at the end of 21 which is why

there right right so that's how you got

that 76 oh that's perfect and and um

I'll be honest at there was a a time

period where they like I said lowered

the pay from 70 an extra 70 an hour down

to 40 yeah so I took like a three-month

sabatical hell yeah and that's when I

started working on my real estate agent

license and I'm like all right well if

you're going to take away my money I'm

going to take away my labor and I'm then

going to start building alternative

things and that's see it like probably

the the 110 to 130 is if that's all

you're doing is at 40 hours a week it's

no time off but that's not a fun life

anyway right sure sure and I mean I was

just off for the last three months and

and and that's exactly because you're

getting a real estate license you're

starting another business here and all

of that's fine uh the question now is

how do we make it easier to qualify

right for another deal uh and that's the

challenge so the easiest way and the

where where you're going to get the most

Leverage is if you can move again right

what about uh cash what kind of cash do

you have and other Investments do you

have sure um so just to give some quick

stats um net worth is like 650 nice um

I've got about 550 in the stock market

okay oh that's really good wow so most

of it is actually in the stock market

well I mean there's uh like I've got

student loans um so got you okay I've

got about 550 in the stock market those

are grad school ones because you

graduated one of them Deb free correct

got it um and actually I um oh we won't

go into that oh no um in my retirement

accounts I've got about 275 um in

non-retirement I've got

268 margin debt I've got minus 87K at

7.25 good old M1 Finance they make it

too easy right and uh I've got hel lock

debt at- 98 okay at

8.81 and student loans at minus

44 at 3.4 with the monthly of uh 315 are

you already making that payment on the

student loan oh yeah it's private um

okay yeah so you didn't have the

forbearance as long anyway no so if I

sold everything um and paid off my

margin paid off my he helck kept my

student loans if I did all of that I'd

have 83 grand in cash plus 98,000 HELOC

Equity or a credit line that I could tap

into if Poss right exactly wow so the

the question right now is maybe what is

the rush for you in your situation to

buy something right now sure so uh

Columbus Ohio has that Intel plant um I

I know we've talked you want to

speculate on Intel well a little bit um

it's uh a 20 billion plant um Google and

Amazon are thrown in um a couple plants

in that area as well I've got um some

photos if we want to check out a map let

see it I have I have the maps that you

drew on right here if you want those

sure um so let's do the

seabus uh OSU and Intel got that um so

all right the let's see go put that up

on screen if we can there Christian

there we go all right so the blue dot is

generally where I live okay uh always

chose the red circle that's like Airbnb

where you're like oh it's going to be

generally where this dot is right right

right right and Intel is going up in

that corner right just underneath Intel

in fact if we wanted to open up the

seabus future developments okay so let's

tab away there for a sec Christian there

we

go cbus future the ABCDE no no we could

do that third oh there it is there it is

okay

nice forgive my drawing skills oh that's

great all right so um Columbus is

obviously the dead center um the red

line is a rumored outer belt highway

system the blue line is a rumored highd

speeed to highspeed rail to Chicago um

and then everything in Black is approved

already in the works right so Intel is

going in that top right corner Amazon's

underneath it Google is underneath that

hence the need for that rumored outer

belt um and then Honda is building a $4

billion EV battery plant down where it

is written so that's just to kind of

give a little layout of Columbus it's

growing like wild fire it's expected to

double in the next 20 to 30 years its

population um so that's one of the

reasons is Intel is supposed to kind of

get done um in the next couple years

building that chip Fab um so I kind of

want to get in sooner rather than later

because I do fear that everybody of Our

Generation basically went to college and

I feel like there's a lack of Tradesmen

so I'm concerned that the supply of

housing just is the supply and demand

ratio is the demand's going to shoot up

because of all this development the

Supply is tight because well Supply is

tight everywhere um so that's one of the

reasons why I want to get in sooner

rather than later as far as the last map

that I had drawn um we could Deep dive

into that a little bit more if you

wanted it's a little bit more zoomed in

um but it's basically a rough uh

ABD rating of the neighborhoods so to

speak yeah my personal interpretation

throw that one up there question um I

mean I like that I do the same thing too

it's great so not to be confused with

the class in commercial real estate

where it's based on age this is based on

where do you not want to go to do a

Craigslist transaction at night correct

correct so um the uh orange star is the

Intel plant okay um the two red dots are

basically like the main shopping

districts um and the yellow highlights

is either Ohio State or downtown

downtown has all the sports facilities

so like any sort of NHL game or anything

like that any concerts Taylor Swift

whatever um is going in the yellow zones

so as far as the letter scheme um

anything in yellow has uh good schools

anything with um the green text is less

favorable schools but there are some and

s's the super fancy so s is highest uh f

is lowest um but yeah so if it's got

green lettering is probably not got the

best schools so if you're in an S green

you're probably doing private schools um

if you're in an a yellow the public

schools are great um so that's how to

kind of read my drawing nice nice that's

awesome now one of the reasons you're uh

a little anxious is because of

population growth so you had mentioned

what it's expected to double in Columbus

yeah the next 20 to 30 years 20 so over

the last 20 years in Columbus it's gone

up about 35% so is there is it because

of this this rail that you had suggested

or or what what's their reason for that

that kind of doubling Chris we can pull

off that one thank you for that um so

Columbus is kind of like the city in

Ohio I'm from Cleveland originally and

love it but it is a it's Cleveland okay

um you know since is that where you were

from where you went to school Christian

Dayton Dayton Dayton okay where's that

uh southwest corner of uh Ohio gota um

and with no no offense to Dayton either

uh he he doesn't like Dayton yeah uh

Dayton you know akan you don't like it

either right okay yeah s it Cincinnati

um but that one too um like there Ohio

state is a massive pull um I mean we're

pulling in 20 young people on an annual

b or 20,000 young people on an annual

basis maybe it's not quite that much but

it's there's a lot of young talent

coming to Ohio excuse me Columbus um

there's a lot of headquarters there

Limited Brands everan fit um JP Morgan's

got a regional campus so there's just a

lot of of people um or a lot of

businesses that kind of draw that kind

of attention attention um and like I

said Amazon Google Now intel they're

they're throwing a lot of money into the

Columbus area so I don't know if other

cities like to brag about their

Investments and and kind of status but

um there's it's called like the silicone

Heartland or something and there's this

expectation that Columbus is going to be

kind of really bumping and uh what what

fears do you have about the real estate

market over the next few years so the

obviously we have the interest rates

skyrocketing um and that's going to put

a real crimp on demand um whether the

influx of Supply is there or not I don't

really know um

so that's my kind of like biggest fears

um I guess there is an I don't want to

say a fomo element to what I'm doing but

I there

is um I want to get in sooner rather

than later um because like I said Intel

and all these other companies in

addition um Ohio state is building a

brand new hospital um and so like

there's 's going to be more jobs coming

in and and uh all that other stuff so

okay so you you like it there you're not

planning on leaving anytime soon I mean

I could be persuaded okay you got a job

there you go that's awesome so uh well

that's you know going back to job that's

actually what what I wanted to hit on

because right now you've got you know

outside the real estate Dad do you have

car Dad no okay I drive a a beater good

for you so you've got

$229,000 in other debt though that's

HELOC student loan margin

uh and uh right now you are making you

know we it probably take about two and a

half years if you took every penny of

your income and no taxes to to pay that

off uh if you only used your actual

income as opposed to rating your

retirement account which is about 268

which you could use like you said the

retirement is 275 the non-retirement IS

268 if I if I sold all of my positions I

would be left with 83 cash no debt with

the ex of the student loans and um 98k

of helck available right so the question

then is what do you let's say

theoretically you even did that you you

liquidated this 268 to get rid of the

229 in debt uh even in that scenario you

are still in a situation where your debt

to income is not going to let you

qualify because I didn't even consider

well first of all your margin debt is

not going to show up in your DTI but the

HELOC debt will unless you included that

in the total monthly payments you gave

me I did not but the idea would be that

I would wipe right that

but even if YouRock and your student

loan were paid off which both of those

are hitting you on your debt to income I

still am only getting to being able to

basically afford a th000 bucks a month

okay so the way to now the flip side is

you're going to be able to move out of

that duplex right so you can move out of

that duplex and now you have that rental

income coming from the other side

correct that's going to get whittel down

maybe that's going to bump you up to

where you can qualify for say $2,000 a

month maybe you can squeeze it and buy

something like in that scenar Ario right

2,000 bucks a month what can you buy

what how much you want to spend on a

place I mean I'm totally okay with

dropping 5 six 700 on like a single

family and I understand like not with

2,000 bucks right right right I get that

now real quick that 2000 is that

assuming that we keep my mom's condo as

a gift yes okay so if we converted that

to a rental um and that is one of the

questions where's she G to go no no no

no I'm saying this is I guess one of the

questions I have is keep my mom in the

house turn it into a rental and then my

mom's the tenant

right now I wouldn't obviously evict her

or along those lines but from a um like

renting like to get that money on my

income um is that a thing is that

possible of course yeah I mean you could

just when you receive it you just

declare it as rental income right but I

don't imagine you're going to ask your

mom to pay Market rent so even if this

boosts your qualifying ability to the

tune of 600 bucks a month now it puts

you about 2600 bucks a month right yeah

so 2600 bucks a month I mean you're

going to be what is that even going to

get you a $400,000 place a loan right

now a $400,000 loan is going to get you

a $3,000 a month payment uh at the rates

where they are now right sure the point

of where I'm going with this is I think

you actually have a really interesting

opportunity and and you have an ambition

around real estate but uh one of the

things that you can do is leverage your

enthusiasm for Real Estate now get as

many clients as you can and let's get

you that extra income first if we can

while you're milking this RN Job why

don't we start taking every commission

check and every Commission check you're

loing it off on your debt right away

right start with your helck cuz the cool

thing about paying off your helck right

away is you could pull it right back out

you know you pay same thing with your

margin debt actually whichever you know

whichever one gives you the flexibility

or the higher I think the higher

interest rate was actually your helck

and you could always move from your

helck into your margin quickly for

whatever reason you needed to uh you

know usually margin's pretty scary but

you've got you've got plenty of funds

here are these both at the same uh

broker the retirement account the non

retirement accounts um no there's a it's

a little bit either way there's plenty

of time to to move funds around and and

I don't think you're knocking on the

door of a margin call what what are the

underlying positions in the

non-retirement account good old Tesla

okay oh well that is volatile but

honestly even if even if that went half

I mean I I my portfolio um would have to

drop uh currently that portfolio is

about 200k or excuse me that account is

200k it would have to drop an additional

65k before a margin call gets triggered

uh earnings are tomorrow right earnings

up baby turn your phone off tomorrow

right actually what happened I the where

the HELOC de came from was back in uh

August through January I basically

pulled Equity out of my duplex and I

just DCA 25k a month um on red days

where it was like severely red from

August to January I just well that's

great because your basis on those trades

was probably like 150 or something like

that right right and so that's another

thing is is I'm I'm intentionally

waiting because my oneye cap gains line

is coming up in two three months so um

yeah I would I would say h what excites

me a lot is your motivation for real

estate and I'd say let's start like

squeezing that lemon okay now it's a

very hard time to do that because it's

hard to find people to buy the people

who are able to buy and willing to buy

right now have larger incomes you happen

to be around a lot of those people

though doctors and anesthesiologist

nurses the other thing that you can do

at the same time and I wanted to ask

this earlier but I forgot is can you

come an anesthesiologist nurse and

probably triple your income right so

there is um here's another fun fact for

anybody interested looking to get into

the healthcare World specifically the

nursing side of things um the money's at

the bedside um because for just to be

honest it's it's the trenches you know

so nobody wants to be in the trenches

right so supply and demand of like well

believe it or not I make a lot more than

my managers do and like the director

position like the the money's at the

bedside yeah um now as far as CRNA

school um that would probably take two

to three years um and they do make good

money they make the high hundreds um

maybe low 200s as far as a CRNA um but

the problem with that is you're looking

at tuition uh you're probably talking

100 Grand at tuition wow um and there's

the opportunity cost of every hour you

are a student is one and less hour I'm a

nurse yep right and so like I said with

105 110 an hour right now I'm only doing

like 30 to 40 hours a week yeah um but

like I could put that pedal to that

metal so I could out earn a CRNA um

granted that is the short term like I

don't know how long that that bacon is

going to be there you know you want have

children in the future too yeah yeah so

I'm I'm I'm hoping to kind of grow the

real estate portfolio a little bit while

like so right now the money's good right

um and I'm trying to leverage my

situation where I'm kind of manipulating

the hospital a little bit um to kind of

benefit from the fact that I've had this

these higher earnings yeah use that to

qualify for more real estate than

perhaps I would have otherwise is that a

little risky yeah sure but well I don't

actually think it would be risky for you

to take that advantage and put the pedal

to the metal and and take as much money

as you can especially while you're under

this higher contract because the next 18

months you are probably going to go

through a pretty rough real estate start

it's going to be very very difficult and

that's not to demotivate you it's just

that like I said if you can if you can

even get one or two deals done and you

take that money and pay off you know

some of the loans or whatever that's

just going to open up your doors to

being able to qualify and get into a

good deal and I don't anticipate the

real estate market at least from what

I'm seeing is going to run away from you

sure I think you've got a couple years

here to do some good buying you know we

feel that way with house Haack as well

we we don't want to say no to

opportunities but we're a little more

aggressive now where we're hey you know

an opportunity comes up our offers are a

little lower just because of what we're

seeing in in in the Market at this time

there's a little bit more risk now the

nice thing about that is it gives you

time and how old are you 33 33 so so

right now you have the luxury of time

and uh when do you H have children

ideally uh oh whenever it happens okay

all right so you have this luxury of

time right now where where you don't

have children where you could throw in

uh essentially what you would be doing

is working two jobs right you're working

the real estate job to try to get

clients which the best way to do that

you know you're doing the open hous

you're getting yourself out there you're

talking to people at your work it's kind

of like you're working the same job

twice right one's one's marketing the

other one's uh and and see what you can

do in real estate because the there is

also the the downside risk of okay well

if if we don't sell anything in real

estate and then your contract goes away

you don't want to be in a place where

you've got now even more debt because

you got into another property and then

what if it's something to think about

what if real estate prices go down 3%

this year 3% next year 3% next year and

you have that bleed sure now it's like

crap now so I don't know that I want to

set you up in this place where in you

know three years four years you're be

like crap now I haven't paid down any of

this debt but I have another place next

to Intel and I'm upside down on it you

know what I mean so uh I the other thing

that makes me a little nervous is you

did mention that some of these projects

the highway the highspeed rail they

rumored projects right don't bet on the

government right never bet on the

government it ain't coming ain't coming

just like just like the healthcare extra

pay the uh the heroes act I think there

was the heroes and then the uh I know

there were so many of the Nancy Pelosi

plans yeah so uh okay so I like the idea

of uh where you

are I I let me clarify this I don't love

the idea of taking your stocks M and uh

and dumping them to pay off your debts I

would much prefer you have that sort of

anchored like don't even think about

where those capital gains are just just

let it sit let that be like your safety

net now just work your butt off and pay

off those debts okay and uh when you get

closer you could always you know talk to

a lender about this to see see the ACT

actual detail but when you get closer

you could always switch your mom to okay

now I'm calling this rent right as

opposed to a gift because that is just

about the gift limit $113,000 or so for

the year so you guys have that perfectly

worked out right it's not not a uh not

an accident that that that worked out

that way yeah yeah so uh now uh the

other thing is when you move I suspect

you're living in a duplex now what is it

like a two in one uh two one and a half

yeah so uh you you and your uh

girlfriend then fiance girlfriend

girlfriend I imagine you probably want

to move into that5 $600,000 house you're

talking about for you to live in right

no it would be to be rental yeah

eventually um and so um with that map of

Columbus um one of the questions would

be um even even though the Intel area is

getting a massive investment and

infusion of cash from all of these

different firms yeah um I would like to

live closer to Ohio State hint hint

that's where I work I guess that's cats

out of the bag there it makes sense to

be close to where you work though um but

it's also like an S it's a green s so

bad kind of bad schools sure um but um

the proximity to the hospital is insane

um I already ride my bike to work it'd

be nice to be even closer so I can stack

those 4our blocks as much as I can but

also and one of the things that I think

I have a relative un theque perspective

on is the state of the Health Care

system like I said is not the greatest

um I think travel nurses are really

going to be I don't want to say over

utilized but continue to be highly

utilized don't tell me midterm rentals I

well well uh there there is um to use

Ohio State as an example um the um we

are basically doubling the amount of

rooms that we have m um it's a beautiful

hospital it's going to be great um but

we

already could benefit by having more

staff um and so we are already kind of

tapped out on the ability that we can

find home staff so we've got a lot of

travel nurses coming in right and so if

we with this new hospital the doubling

of the rooms you're not going to see a

doubling of the travel RNs it's going to

be an exponential right because we've

already got as many as many staff that's

willing to stay has already stayed right

so right now and I'm just creating a

number out of thin air right now if

heart staff is 20% Then what's going to

happen is that we're not going we're not

going to stay at 20% it's probably going

to get 40% is travel staff or 50% is

travel staff so I think there's going to

be a higher demand for Real Estate close

to the hospital for that reason but also

if you're doubling the home staff let's

just say now there's twice as many

doctors and nurses that want to live

close to work and stuff like that so I

feel like what's the risk though of

people saying I can make 50% more money

moving to California and I'm done with

Ohio I mean that's that's a real thing

um the um in fact my little brother his

his girlfriend's a nurse out here um so

shout out to well I don't know if she

wants to say so um to her right shout

out to her um so um yeah I mean there's

definitely the real possibility of that

but um

like with I guess with that if there is

an exodus to say people from Ohio

wanting to go to California that just

then creates even more demand for travel

nurses because if we're short staffed

then the influx he's an econ major you

got the stats on everything man you got

the stats on everything I am a little

concerned that um your your laser is a

little

like I need to focus it's yeah little I

have an opinion but what what do you

guys think what I think you're never

wrong to double down on income

especially when the DTI is already a

little tight I mean that's kind of uh

kind of where mindset my mindset is work

as hard as you can increase the DTI

because like Kev increase your income

increase your income because Kevin's

always like the real estate Market's not

going anywhere there's always going to

be an opportunity somewhere the wedge

deals are never going to run out make as

much money as you can not in our

lifetime at least they're not going to

run out yeah what about quick question

what was your margin debt again uh

807k at rate yeah uh 725 725 yeah I mean

I totally agree with mck like if if it

was me I would definitely double down on

work that's good income the the hours

are they're there if you want to take

them um you can only make better

relationships with all the basically

potential tenants over there and uh from

what I've learned from Kevin doctors and

nurses tend to pay their rent on time so

that's definitely a safe bet there's no

harm in doubling down in the hours right

now especially since you don't have a

family you don't have like all these

other obligations like now is the time

to grind it out at work and you can

still do the real estate stuff on top of

that and I think I think when you it's

not like what we want to hear right it's

like crap like I'm tired of my job but

we want to turn this this like job into

like your marketing opportunity for your

real estate agent business right so you

know every pillow gets a little business

card slid under it well actually I I did

think about that and I think it' be a

little a smidge uh unethical from be

careful no no no I'm joking about that

you got to be careful about the

marketing to the like the poor people

who are like in a hospital getting help

like oh look this person's in the ICU

let me Trav need to sell your home quick

if you if you have in your pocket no no

no no don't even go there no no to to to

your clients you know stay not to

clients your coworkers exactly stay stay

away from the clients so uh the my

thinking though is the laser perspective

for you is is you have an opportunity to

do both you have an opportunity to make

a lot of money at your job you have a

lot an opportunity to do uh your to to

become a real estate agent or at least

try that and the real estate agent bis

could absolutely take off for you right

like let's say within the next year

you're like Kevin I just closed my 10th

deal I'm up a 100 grand

I just haved my debt it's like okay now

now we're start now you're on this path

where you're not going to be a nurse for

more than the next like 2 or 3 years

right so I would make my number one

laser focus being that real estate agent

and at the same time what could I do to

make sure I'm getting enough I'm putting

enough work in at my orang shift I'm not

saying no to too many shifts to where

I'm still getting that income coming it

so the way you balance that is I mean

what's a real estate agent doing who

doesn't have deals on Monday Tuesday

Wednesday Thursday or Friday almost

nothing if you don't have deals there's

almost nothing going on during the week

you get them on the weekend so take off

for Broker tour during the week which

might be a Wednesday Thursday or

whatever meet the agents that's good

dress up in the suit meet the agents you

got your card shake hands smile great

then do the open houses on the weekend

so dedicate that time on the weekend 1

to 4 whatever you do in your area 12:00

to 3 do your open houses get your name

out there uh then go have fun with your

girlfriend you know Friday night

Saturday night like you can still have a

life sure you could run you could do

both of these and have a really fun life

make sure you don't skimp out on that

though that's that's a big red flag is

is when when people only work and they

don't you know get to go have drinks or

Diet Cokes in your case you know with

their friends or family Kevin yeah coke

with Kevin exactly right

right of course so uh you can do this

and I I I think you have the I think I

believe the personality to to do sales

you could do sales for sure well also

Crush

I've also thought about going into like

pharmaceutical sales um dude the

freaking laser Man it keeps getting

thinner J

Christ at that point I would forgo the

RN life into the pharmaceutical sales

life right I would not get rid of RN

until you had another consistent income

that was at least what you're making at

as an RN if not more for example uh you

know I I look at um when I was a college

student I became a real estate agent and

I'm like okay well you know will try

doing real estate and uh my thought was

well okay by the time I'm done with

college I'm not making more than I could

you know being a manager at like a

restaurant or something like that then

then maybe real estate isn't for me but

by the time I was four years into real

estate and I was making $150 $200,000

well why would I take a 50k job at a

restaurant the same could be true for

you in two or three years or four years

you could be in a situation where you're

like look I'm I'm making 200k from Real

Estate Sales I'm killing it I own this

place now well not only you're going to

get some of the best deals but you're

going to call us up and go Kevin we got

some deals for house Haack out here you

know and look there you got some CL look

we can be a buyer for you man you know

start sending us that's what I would do

it start sending absolutely deals I was

if I was listening to this and wanted

another source of income I would start

finding get a license and start finding

deals for housec easy because we have a

very easy outline for what we're looking

for but I also think something that is

useful is having that metric of you can

work at if real estate right now is zero

you're in come right now let's just easy

say 100K you that's a metric that's like

okay I just need to close x amount of

deals to hit that 100K it's an easy

measuring stick to like to motivate

yourself and I think rather than just

like an like random number it's like as

soon as I do this then I can start to

decrease my hours a little bit and you

can start to kind of climb that that

staircase down yeah that's awesome so uh

now but okay I I just I wrote down some

of the things you said just so you could

hear it yourself there's Pharma sales

there's midterm rentals There's real

estate agent there's nursing there's

being property manager and there's being

a stock investor and then now you know

on on the side you do the economist work

who I learn it from Kev

well you know I I I know I do a lot of

things the the crazy thing for I mean

for me is I'm I'm always trying to look

at okay what's what's the laser right

sure so uh and and that's something that

maybe isn't so obvious from the outside

but all of it uh points to to One

mission for for what we're doing and

YouTube is uh is is part of that sure uh

so for our world it makes a lot of sense

you know to to make videos and uh what

we're doing with house Haack and other

words it it all contributes to to One

mission uh I don't know how much uh us

worrying about um the you know some some

of these other directions will do for us

if we haven't fully explored one of them

right and I would fully explore that

real estate agent one okay I think

you're really into that I mean maybe

maybe you're not and tell me if I'm

wrong it sounds to me like

you really want to do this real estate

business huh yeah I mean for sure um

it's one of those things where um I

think I would be good at it and I think

I've got the drive and motivation and

and work ethic to grind it out I did my

Nursing degree in one year bachelor's

degree yeah I mean it was not fun and um

but we can if if you want we could talk

about that as well um but the it's one

of those things where it's like all

right you know a bird in a hand is

better than two in the bush or whatever

the expression is where it's like hey

I've got this $100 an hour gig right or

not gig but job um you know and even

though I do think potentially you know

two 3 400 is not an un lofty goal to

have in real estate sales it's like well

I can do that right now as an RN right

why don't you do that oh I I am but it's

it's like right now I'm making like 110

to 130k a year for this year okay

um and I took a couple months off me and

my girlfriend we went down a central

americ had a good time all that so um

but it's one of those things where if I

wanted to pedal to the medal on the RN I

could right but I got my real estate

license like I'm I am um diversifying

careers if you will um and perhaps

you're right maybe I do need to just

laser in on on One Thing versus the

other so because I think your goal as

anybody's is is Building Wealth and so

you have these you're like at the these

starting lines for many different ways

you can run the race the end of the race

is the same it's how can you get your

hands on more properties how can you buy

you know one rental every 2 three years

you're already convinced in that you

know the path you know the path is let

me I mean you did it last year let me

DCA a Tesla stock or whatever well how

can you build the assets that you have

you're killing that you're doing a great

job you're 33 you're in a great place

you've got the even just the experience

that you have from what you're doing

with real estate this is fantastic with

duplex and house hacking and and what

you've gone through with with stocks now

the question is how can we make sure

that you don't reset right and and at

the same time how can we get you

reasonably into more properties the the

thing that I want to make sure we we are

very clear about is I don't think you're

going to get a loan for a while right

so I wouldn't even be worried about

buying right now because if I couldn't

get a loan what's the point I'm not

going to get a hard money loan no way we

just we were just outside we were just

looking at a guy they bought a flip for

like .79 and uh they listed it for they

bought it in this in June they closed

for it uh they put it on for like $8.99

and they just dropped at like over

$100,000 uh their listing price and

after their renovation cost they're

going to be negative sure but I think

what they're seeing is they're panicking

because the winter is coming and they're

probably on a hard money loan right you

know with like a three-month term

they're going to go bankrupt like no no

no no so if there's no financing

available and you're not paying cash

there's there's no there's a restriction

there you're anytime soon anyway even if

as we ran the numbers even if you pay

off this Deb M it doesn't change the

debt to income numbers we did right even

if you rent it out your your mom's place

and considered that rent it's going to

get you 22,000 to 2500 bucks a month

worth of qualifying it's not going to

get you what you're looking for at this

point now you can qualify the rents on

the next one to some degree 75% of it

towards it so maybe we can play a game

here maybe but are are we speculating

then with 8 half% interest rates right

is it better to say you know let's see

if I can you you proved it to yourself

and got your Nursing degree in a year I

bet you a year from now you can prove it

to yourself in real estate and nursing

and if you really want to get into some

more of these assets I wouldn't be

surprised you can come back in a year

and be like Kevin look look what I was

able to do look at the numbers I was

able to pull it's not easy right you

know and and that's where you also have

to make a choice like well what do you

want to do do you want to keep grinding

or if you're burned out like you were

saying from ning right then you ask

yourself okay well what's the rush then

let's let's make money and put aside you

know 25k a year Lop that off on the

helck and the March there's no rush to

pay the helck off you're not going to

get called right you know that's going

to amortise out over 20 years the

student loan you got 44k left on that

that'll go away over time all like

there's there is literally no rush for

you to do anything mhm from what I'm

gathering I think you're just excited to

do it yeah I mean I think I definitely

agree that I think there's like a a time

is of the time of time is of the essence

component to it like I do try I am

trying to get it done faster yeah um and

that is one of the questions I I brought

with me was is how can I Snowball the

real estate collection if you will

faster right um income right income the

people who buy the most real estate have

the most income it's so

simple um so yeah um okay cool what what

else am I missing here what am I not ask

think your ambition is the problem I

think you can do both got the ambition

it's a laser get distracted man yeah I

mean I I do the same thing I was like

comeing to Kevin with like these small

ideas like focus on what will help you

the long term like the best trajectory

and I think you brought the the answers

here yourself was real estate and

nursing and then just try to beat the

game in real estate to get to where you

are in nursing take both of those

incomes and just go buy as many

properties as you can for as long as you

can have you ever done the the uh

magnifying glass with the sun oh yeah I

never have I was a pyromaniac as

absolutely I just saw Jack doing that in

the alley for the first time and he's

like Dad look I'm making a fire I'm like

what are you talking about I look and it

was like catching fire I'm like this is

great did I just see five fire

extinguishers ordered on Amazon yeah

exactly what are these commercial Great

Fire EX triple checking you have

homeowners insurance yeah like quick

agent lower the deductibles we're about

to get a new house oh gosh Jack is

plotting against you

or is he plotting for us him to do it

LA's like Jack go play in the backyard

with the magnifi go play with fire son

we need a new house insurance agent that

is not true that's just a joke but uh no

it's it's interesting because that it

just makes me think of uh of of that

when you laser focus then then it then

it's it's going to go it's going to go

or you'll know it's either going to go

or you'll know right you go laser focus

hardcore on real estate this next year

and it's a hard time to do it even if

you close a deal between now and then

it's probably actually great and you I

mean send us good deals all the time you

know it' be very interesting we we could

look at your stuff too and and then if

anything at the the very least you'd get

is by sending us deals is you get the

experience you know you're at an open

house like hey I'm working with this

this you know institutional buyer and

these are their parameters you know

maybe maybe you have slightly different

parameters and I can help you he what

like that's going to help you build some

kind of clout when you're at the open

house and meeting people talking to

people you don't have a problem talking

to people yeah and what am I missing

well I well that that was one of the the

the things that I was trying to uh

juggle most

was maybe I just got uh hung up on like

my mom's situation it's like is that

really anchoring down stuff like that um

I I don't mind working I really don't

you know like going out and and kind of

Paving the way you know what I mean so

it's I was curious to see what you guys'

uh thoughts and and stuff like that was

in the grand scheme of things I don't

think that $3,000 gift will make the

difference between how many properties

you can acquire I think the biggest

difference you can make is it's just by

killing it in real estate it's $28,000

worth of income that's what that's what

it's hitting you by okay so in case

you're wondering it's 28k of income

right so so you get then ask yourself

like okay well I can make that up as an

RN there's the answer and then you're

still having your mom get like great

deal and and you're building equity in

it right right yeah I mean so um free

Equity free property right right right

so the the

um is there a way um so we bought bought

the condo for 185 it's now worth about

285 um I have not lived there so I can't

capitalize on any like homeowner

occupied uh tax right right sure um so

is there a way that I could uh gift it

back to her considering there's 100K

100K in equity is there any way that I

could offload that back to her because

like I said it's basically her money

both is the down payment and what's the

loan balance uh like 140 I mean you

could just sell it to her for below low

market value like whatever it was I

don't I mean if you sold it to her for

for 280 or what it's worth that I don't

think she's going to go for that does

she have income can she qualify uh now

she does um I don't know if she could

qualify um that would be the bigger

problem I I I don't you know I think the

the stress you're going to put on your

mom for that 28k it's not even worth it

for you right uh you that that counter

you're going to get I I don't I don't

know I I don't I I wouldn't touch that

and you've got Equity there it's like if

anything she would want it back without

the equity so it's not like you're going

to get the 100K out no no matter when

she passes I mean let's be honest here

we all have a a shot clock at that's

going to exp at some point so whenever

that happens it's going to be in my M

anyway unless you sold it back to her

correct well even then um I are you the

only air no um but does she have a will

uh not yet but that is that is on our

all right first thing after this

holographic will look it up in in Ohio

if that's possible Right One okay that

was actually one of the things I wanted

to hit on is earlier you mentioned the

reason she transferred to the property

was to avoid probate she needs a trust

man right right uh yeah no so so

extremely long story short um I looked

at her finances a few years back and I

was just like hey you need to get out of

Chicago you can't afford to be here

anymore right um she was spending alone

like 1,300 a month in HOAs just in h the

condos right right it was insane so I'm

like you can't do that anymore um you

need to move back to somewhere else so

she picked Columbus right and during

that process literally we got in

contract to sell out in Chicago 4 days

later we got in contract to buy in

Columbus 3 days later she was diagnosed

with pancreatic cancer Lord granted it

was a a misdiagnosis but uh and I don't

know if you guys are aware but

pancreatic cancer wor yeah you're

looking at two to four month survival um

so it's like my mom's going to die

right so the options were you could stay

in Chicago and she had crap Insurance

out there or you can come to Columbus

you're prove we can easily prove prove

that you were moving prior to any sort

of disease right and then we can

cherry-pick the health insurance

companies we can get the very best

health insurance and get you into the

very best Hospital right the James shout

out um um so the that was why we put it

in my name because she didn't have a job

so we used my paycheck to qualify for

the mortgage and since I kind of put

myself out there my mom was just like

well let's just put everything in your

name got it got it um so that's where

like the uh background is there so at

the very least look up see if

holographic Wills are legal in Ohio but

that literally means she could take out

a piece of paper right and just write

down you know you get a third you get a

third you get whatever it is right

however many errors there are whatever

she wants and just sign it right and

scan that and have that that you should

have like now right like in two hours

you should have that okay everybody

should have everybody watching this

should have that it doesn't even matter

how old you are everybody should have

one not Financial advice yeah well it's

just life advice yeah life advice yeah

here you go so uh other than that it

probably is a good idea for her to look

into a trust right that takes a little

bit more effort to set up okay so uh I I

don't know that at this point it makes

sense to because like we said either way

either way you sliced it on that condo

it's probably not a huge impact it it

just it's yeah it's not going to make

much of a difference at this point now

again you can cont if you if you want to

buy another rental in the future great

you could put 25% down but where's that

25% down going to come from right now

because if you do 25% down plus fix up

on a 500K property you're going to be in

at 175 now you're liquidating your

stocks again and then are you doing that

at 88.3% on the interest rates uh again

the qualifying problem we got the other

debt problem we didn't even figure in

the other debt with the other debt you

have right now there's no way right you

would need to liquidate the stocks to

have the down payment but you need to to

liquidate the stocks to pay off the debt

because otherwise you wouldn't qualify

anyway just you need more money right

now okay so so like the next like two

years more money gotcha okay that's what

our financial advice is going to end

with every time you need more money is

your girlfriend working to work uh more

hours you said 30 to 40 can she do like

40 to 50 is that an option uh we've

actually kind of talked about her like

double dipping the uh work from home

type of situation she's also a dance

teacher um so uh cool she was a Cavs

girl oh so that was that's cool good for

you man right awesome she's a good

dancer wow yeah that's amazing um but

yeah so um she was thinking about that

um but yeah I mean obviously there is

that component as well yeah I I I did

generally don't go there like asking

guys to ask the lady to work

more babe they asked exactly the harder

you work now the harder you chill later

that's right oh wow uh yeah okay so look

I'm excited for you I think you've got

you've got a lot of good fires lit yeah

some of I I think some of the fires I

would just like you know close the lid

on for right now you could always open

it again in the future like the

medium-term rentals the if you wanted

like pick either real estate or Pharma

sales pick one of those right but make

that decision and be done with it

because the more you're in this

Purgatory of well I could do this this

this this this you're in analysis

paralysis and you're not doing I'm

frozen how many open houses have you

held since June zero ex well to be fair

I was out of the country for like two of

those months so you chose to be gone to

be and to be honest um this I have not

announced to the world that I've got my

real estate AG okay so link down below

we're going to get your info and put it

down below and my YouTube channel nurse

Phil if anybody wants to learn how to

manipulate your shift Bo see there you

go you can learn that's great nurse

phille I like that so um but uh yeah put

um you ever thought about being a doctor

uh yes Dr pH Dr Phil Dr Phil that's TR

that was the school and that was the

tradition the no that was the um that

was the CR the anesthesiologist same

thing probably

I I at this point given my credentials I

would be better off going the cnna route

than the MD route um and to be honest

with you unless you're going to be like

a specialist like a cardiologist

dermatologist something like that

honestly you're more when they well that

but also when they say like you

shouldn't become a doctor for the money

they mean it because you're bringing in

300 Grand of student loans I mean it's

it's you're broke until you're like low

40s yeah yeah that's good point so they

all buy a watch right away you need a

Rolex like mandatory right right in a

three series

um and and how many hours a week is the

CRNA school because yeah it is like two

or three years it looks like I mean that

would be like a full-time situation wow

okay yeah like 40 50 60 hours a week

high opportunity cost yeah exactly so

that's where you you ask yourself then

it's like am am I going to be able to

make more with the real estate agent

Direction because you might say in the

future like oh this is hands down for me

as being a real estate agent I'm going

to make more than nursing I get to

transition into housing and real estate

and that or you might say it's not for

me you know I had a client I hated it

right and then you go you know what

maybe I do want to be a CR and then you

could do those two yeah ideally you do

that before you have children yeah yeah

you work the 80 hours and then you have

kids and stuff like that's that's a fuse

that's not going to last long and then

you're miserable and then you know then

there's divorce and all the stuff that

happens it's just terrible those things

are all bad so so Now's the Time to burn

but you still have fun right there

plenty of hours man but we just did the

math the other day you could sleep 8

hours and

have3 112 we literally just did the math

on the way here cuz we were figured we

might talk about yeah yeah 112 hours

left you know so so you I mean obviously

you need time to like like eat and and

do stuff exactly get ready for the day

but uh yeah man I I'm excited for you I

bet in a year you're get well I know

with certainty within a year if you

start doing these open houses you really

start putting yourself out there you'll

know if you like real estate or not sure

get out there and start talking to

people that's a big deal at the same

time get those shifts but uh real estate

let's go like 25 like 2025 winter at the

very least like yeah like that would be

a good goal the earliest I would even

think about it you know maybe you kill

it over next year the earliest I would

think about it next winter okay after

the election okay you know when when

everything's like cold and gloomy in

Ohio that's when you strike okay and the

benefit you'll actually have is you'll

know how bad are these wars going to get

how bad is is inflation truly transitory

what's the fed's trajectory did

something break and fall off a cliff or

is it just like slowly coming down

you'll know that by next winter and I I

don't think Intel is going to get their

crap together within the next year or

the railway we've been waiting one for

decades here in

California one year is not going to make

a difference use this next year to to

really figure out your path your laser

yeah CU right now you got two lasers can

I get a third no no more lasers no more

Las should I become a mortgage lender

no yeah yeah yeah boy yeah um

you know I I hated mortgages did you

well because the only value ad that you

have I shouldn't say that it's offensive

to mortgage lenders but like the the

biggest value ad is your rate in terms

because people they there's no loyalty

they just call you go what's your rate

in terms uh okay well this guy's half a

point Cheaper by you know and like this

guy could be a scumbag and you could be

the best salesp person ever makes no

difference real estate agent people

don't really care all the sellers are

paying 2 and a half% 2 to 2 and a half%

so the cost is the same basically unless

you get you know a 1%er but that's rare

like the discount agent not like the 1%

like high income like like the opposite

it's like the um anyway and then what

the buyers don't care because the

sellers paying so they love you they're

like no I I don't I don't care about the

other I I just want to work with you you

know yeah it's a people business and

you're you're a people person clearly

try to be yeah yeah I and right now

nobody's refinancing lending you know

it's actually a great way to destroy

client repeat clients as a real estate

agent because you'll have a you get a

client a great deal and you get a

mortgage and then the underwriter you do

the mortgage form as well people do that

then the uh uh the client's like well

you screwed me on the raid or whatever

and then you lose them as a real estate

client in the future yeah it's not worth

it man make make the two and a half% as

an agent versus the 1% as a lender is

there any benefit um cuz you did it

yourself right where you is there any

like let's say I only was in interested

in acquiring properties for myself I

could be my own real estate agent and my

own mortgage lend is there really a

benefit there no zero I don't even think

that's allowed I don't believe you can

your own mortgage lender I don't think

so uh but it's also been like 7 years

since I took my nmls so and I let it

expire because let's put it this way if

that was a good deal I would have done

it for myself and I didn't so there's

probably something there on that no the

only reason I got my nmls is because I

could do um small hard money loans for

people okay so I'd be like hey you

should really paint this place and it's

going to sell way faster so it basically

made my life easier to sell their

property so I'd L them 10 grand and I'd

take a point well actually I take like

10 points on it uh I'd take you know a

grand of an extra fee and so all of a

sudden I'm making my commission plus a

th000 bucks and interest on the time the

loans outstanding they sell faster they

sell for more money I make more money it

was easy that way I could close the

listing deals but it was all for the

laser of yeah close see that's the thing

was the laser was focused on how could I

close more real estate clients got oh

that was a feather in the Hat so gotcha

gotcha okay and I do know you mentioned

that like oh well you have a million

lasers too but what he said is actually

right like it does seem like he has a

lot of lasers but they all point back to

One mission and so it it's a lot of

different vehicles to get to the same

Mission gotcha I see yeah cool that'll

that'll make sense on the tombstone one

day yeah anyway uh okay good anything

else anything else good good okay great

so let me just mention that uh for the

purposes of financial advice provided to

you in this video any recommendations

here are provided based on the

information that we received from Phil

uh no one should assume we have or

recall if we have it any of your

background information I know there were

some documents that we pulled up I

looked at nothing other than your 2021

and 2022 tax return briefly for like 30

seconds so therefore the information

that we provide here is just based on

what we talked about uh and uh I'm I'm a

big fan of of you I think you've got uh

you've got a great situation here a

great setup and uh Financial advice to

you laser focus okay and then you're

going to get into more real estate but

there's no rush there's there's no rush

yeah so it's it this you're not going to

like I I think you're thinking 2021 how

real EST estate escaped you right it

kind of escaped everyone sure not soon

you think it's going to not soon there's

no like I can't guarantee it but I could

not uh give anybody that false sense of

hope and and say you know here's

Financial advice go YOLO into all this

real estate right here sure yeah no cool

thanks man awesome thank you appreciate

it yeah that cool thank you Phil go

check out Phil's channel in the link

down below and um your real estate

business yeah yeah so I'm a real estate

agent um anybody interested well clearly

I should uh double down on the real

estate side um and the nurse phille

YouTube channel is how shift workers in

particular but really other people can

kind of Leverage their position um to

make more money from their job that they

already have and hopefully maybe one day

buy some real estate awesome thanks so

much thanks guys