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[Music]
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tool welcome to the best interest
00:01:18
podcast hosted by Jesse Kramer where we
00:01:20
discuss today's best ideas in personal
00:01:22
finance and investing the best interest
00:01:25
is a personal podcast meant for
00:01:27
entertainment purposes only it should
00:01:29
not be Tak as Financial advice and is
00:01:31
not prescriptive of your financial
00:01:33
situation here's your host Jesse
00:01:38
Kramer hey guys welcome to episode 35 of
00:01:42
the best interest podcast my name is
00:01:45
Jesse Kramer and my guests today are
00:01:48
Ally and Josh better known as the FI
00:01:51
couple now if you are interested in real
00:01:54
estate investing in retiring early or
00:01:56
maybe even in incorporating investing
00:01:59
into your long-term relationships then
00:02:02
this is a great episode for you but real
00:02:05
quick before I introduce Our Guest could
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you please pause the show and then in
00:02:09
your podcast app give a rating and
00:02:12
review to the best interest podcast why
00:02:15
because the best interest it's a growing
00:02:16
small business and I want to keep making
00:02:19
this content for people just like you a
00:02:21
rating and a review it lets all those
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fancy algorithms know that you care
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about this podcast and I know I'm asking
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for your time I'm asking for your effort
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and I know that you don't owe me
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anything so I really appreciate those of
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you who decide to sacrifice that time
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and effort to leave that rating and
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review thank you guys so with that let's
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go meet our
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[Music]
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guest my guests today they are a young
00:02:58
couple who are documenting their Journey
00:02:59
journey to financial independence with a
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particular focus on real estate
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investing and Index Fund investing and
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you can find them sharing their message
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with tens of thousands of followers on
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Instagram and Twitter and today they
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came to share with us so I am honored to
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welcome Ally and Josh better known as
00:03:17
the FI couple onto the best interest
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podcast hey guys how you doing doing so
00:03:22
good we're so excited to be here with
00:03:24
you tonight and to finally connect um
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face to face yeah thank you so much
00:03:29
absolutely absolutely thank you guys for
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coming here well real quick for the
00:03:33
listeners who aren't familiar with your
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story I figure a great place to start is
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with just a little intro about who you
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are it can be even as fun as you know
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how you guys met uh how you guys became
00:03:44
a couple of the FI couple and then
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especially kind of what your money
00:03:48
Journey has been like and and how it got
00:03:50
you to where you are today yeah
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absolutely um so Josh and I met at State
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School in New York um he was the cute
00:03:59
guy from class that walked to me home
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one day after class and um we have been
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pretty Inseparable ever since um we
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started our marriage in 2018 with over
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$100,000 in student loans um we really
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didn't talk about money a lot we weren't
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super financially literate in terms of
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like Savvy with personal finance um but
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a lot happened in 2018 that kind of
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catapulted that self-education yes so I
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mean I was unexpectedly laid off from a
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long-term job and that was also the year
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of our wedding um and kind of leading up
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to that we had both been working really
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really hard in our jobs and kind of the
00:04:43
year before our wedding we weren't
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really seeing each other as much as we
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would really have liked and so we were
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kind of like reflecting one day of like
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well you know if we're getting ready to
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get married but we're not really
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spending a whole lot of time together
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like what can we do differently so that
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we have more time to spend together and
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I think having Josh getting laid off it
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was one of those fork in the road
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moments where it's like what can we do
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differently and what are we not liking
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in our life and for us it was we are
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stra with debt and the modest salaries
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that we're making are not going to cut
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it to pay it off on the timeline we want
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so first it was discovering Dave Ramsey
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then it was you know Bigger Pockets real
00:05:24
estate investing and it kind of
00:05:25
catapulted snowballed from there um and
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we became totally obsessed so long story
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short that's kind of the gist of
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it so you mentioned Bigger Pockets right
00:05:37
there now Dave Ramsey is is probably
00:05:39
fairly well known we've actually talked
00:05:40
about him before recently here on the
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podcast for those who don't know what is
00:05:44
Bigger Pockets yeah so I always joke
00:05:47
that Bigger Pockets is like the Google
00:05:49
for Real Estate so it's the largest real
00:05:52
estate educational platform I think in
00:05:55
the world um at at the very least in the
00:05:57
United States so um but it's an online
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educational resource for anyone who's
00:06:03
looking to start you know what is real
00:06:06
estate investing you know kind of
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beginners all the way to like how can I
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buy a hundred millionar worth of real
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estate and everything in between and so
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along with having online resources
00:06:18
they've also have probably about a dozen
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or so books that were published um and
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the more that we started talking about
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kind of like real estate and financial
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Independence the more it seemed like
00:06:28
real estate was have to be the way that
00:06:30
we went because neither one of us are
00:06:32
necessarily you know lucrative careers
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um and we we still had a $100,000 in
00:06:38
student loans so um we had to figure out
00:06:40
a way to make more money while also
00:06:43
spending less money um and real estate
00:06:46
was that solution for us let's get into
00:06:49
the real estate because I do have a few
00:06:51
questions about your guys your your real
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estate Ventures um and one of the first
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ones only because I've seen you talking
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about it before and I think it's a
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really cool idea is so-called house
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hacking right so so correct me if I'm
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wrong but my understanding is that you
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guys either were or still are house
00:07:07
hacking and that was one of the first
00:07:09
real estate moves you made so explain to
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us what exactly is house hacking and how
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did it help you out house hacking is
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amazing and in our opinion it is one of
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the best ways that you can can kind of
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dip your toe into the real estate
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investing Waters um so with house
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hacking you're either going to buy a
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single family home or a multif family
00:07:29
home home but it is going to be your
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primary residence for at least a year
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and because you move into the home you
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qualify for a low down payment owner
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occupant loan you can get 0% if you're a
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VA three and a half% for an FHA or 5%
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for a conventional so you're putting
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very little money down and you're moving
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into a house now if you buy a single
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family home you would rent out the
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bedrooms and that rent would cover most
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of or all of the mortgage so you're
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essentially living for cheap or free now
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if you buy a multif family home like we
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did we bought a duplex we moved into one
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of the apartments and then we had a
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tenant in the other apartment and his
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rent covered half of the mortgage in the
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beginning this made us go from paying 13
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$1400 a month in rent to about
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$600 in new rent which was just our
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mortgage um but we've actually house
00:08:28
hacked twice so now we live completely
00:08:31
for free we don't pay anything um so
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it's really
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cool so let me see if I can get this
00:08:37
straight so you're you you were living
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in an apartment where your rent was
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around 13 or 1400 and that rent kind of
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disappears right that that is money that
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you're spending that you never see
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anything back from in your first house
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hack there's someone living on the other
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side of the wall from you which let's be
00:08:53
honest it does have some downsides oh
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yeah but the upside is that your new
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rent is only 600 and of that 600 some of
00:09:02
that I assume is is actually Equity that
00:09:04
you would eventually see back correct
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yeah got it okay of your mortgage term
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it's mostly paying off interest but
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eventually it gets to this interesting
00:09:14
point where it's mostly principal pay
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down and you are paying down the
00:09:17
mortgage yeah and so what was cool too
00:09:20
again like so I mean Ally was working
00:09:22
full-time in her career I got laid off
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so I was kind of in between jobs I took
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a job I was driving for Uber
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um I was doing all types of things and
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all the while I was also learning about
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real estate and so you know we at the
00:09:36
moment we weren't sure like how can we
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really grow our income but once we
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discovered the power of house hacking we
00:09:42
knew that if we could take our even if
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we just cut our rent in half from say
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1300 down to like 600 or 650 you know if
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you took that $600 over the course of a
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year that's over
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$7,000 after tax that was now going back
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into our pocket because housing is
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pretty much usually the most expensive
00:10:02
line item in someone's budget so we were
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pretty much able to completely eliminate
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that through house tacking wow okay so
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so just for my own education and maybe
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some people out there are curious so how
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long did you live in that first house
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and then when you transitioned into a a
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second house where you're doing
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something similar I guess what was the
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living situation in that second house
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and my final question is does that mean
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that you retained ownership of the first
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house after moving to the second one
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yeah so we moved into the first house
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hack um actually it was like the week of
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Christmas
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2018 uh moved in um and then really the
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whole purpose of that was we just wanted
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to pay off student loans as fast as
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possible so we closed on the property
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moved in and then most of 2019 we
00:10:49
honestly just focused on paying off
00:10:50
student loans and really learning real
00:10:53
estate and kind of Building Systems and
00:10:55
so we continued to live in the property
00:10:57
all of 2019 um and then actually last
00:11:00
year um in September of 2020 uh we
00:11:04
closed on our second house hack um which
00:11:06
is where we are right now it's also a
00:11:08
duplex so when we moved out of the first
00:11:11
house we rented our our old apartment um
00:11:14
and so now both of those units are
00:11:16
rented so they completely cover the
00:11:18
mortgage taxes insurance we put money
00:11:21
aside for maintenance and then the cash
00:11:23
flow from that property covers our
00:11:25
portion of the mortgage down here at our
00:11:27
second house act so we lived in the
00:11:29
first property for a year and a half and
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the second property um were coming up on
00:11:34
a year of living here so pretty crazy
00:11:38
yeah are there any are there any sort of
00:11:41
tax implications that people should know
00:11:44
about I mean so it sounds like with your
00:11:45
first house because you were there as
00:11:48
primary residents it it it was just like
00:11:50
my primary residence even though I don't
00:11:52
have any tenants but now that you're not
00:11:54
living there anymore does it get treated
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more along the lines of a business sort
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of tax scheme or or how does that work
00:12:01
it's pretty cool because once you don't
00:12:02
live there and it's not your primary
00:12:04
residence you're able to write off any
00:12:06
Capital expenditures or improvements
00:12:08
that you're making on the property so
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when we hire different companies to do
00:12:12
improvements or we have expenses um we
00:12:15
are able to write that off with our
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accountant yep and then just anything
00:12:19
that goes into the operation of the
00:12:21
property so taxes insurance we do have
00:12:24
PMI because we use less than 20% down
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that's uh private mortgage insurance any
00:12:29
maintenance costs uh we had a leaky
00:12:31
ceiling we had to repair at one point um
00:12:34
and then what's really cool is and this
00:12:35
is kind of like a unique to real estate
00:12:37
thing there's what's called depreciation
00:12:39
now normally depreciation kind of has
00:12:41
like a negative connotation it's like oh
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like something you own something and
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it's going down in value in the in the
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realm of real estate depreciation is
00:12:50
really just for tax purposes it's almost
00:12:53
kind of like a gift the IRS gives to a
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real estate investor and they take your
00:12:58
property in over the span of a certain
00:13:00
number of years they say this is what we
00:13:03
think your property would depreciate by
00:13:06
every single year it's what's called a
00:13:08
paper loss right and so it's so often
00:13:11
several thousands of dollars that is
00:13:13
also now a tax deduction our property is
00:13:16
not going down in value it's just the
00:13:18
way the IRS kind of reconciles with
00:13:21
something that's you're owning longer
00:13:23
and so naturally there has to be some
00:13:24
breakdown that goes into it right that
00:13:27
that does make sense so the the overall
00:13:29
value of the property isn't going down
00:13:32
but if you were to take a picture of the
00:13:33
house year-over-year and you guys didn't
00:13:36
do any maintenance on it you would see
00:13:38
it slowly decaying right and and the
00:13:40
government recognizes that there's some
00:13:42
loss of value there and that's the
00:13:43
that's the depreciation is that oh sorry
00:13:47
no no go ahead Alie go ahead I was gonna
00:13:49
say and here in New York we are living
00:13:51
in 120 plus year old homes so um you
00:13:56
know I think we were a little scared of
00:13:58
living in old Homes at first all the
00:13:59
things that could go wrong but uh we
00:14:02
joke now like if it's still standing
00:14:04
after 120 years you know it's it's not
00:14:06
too bad yeah I can totally relate I'm
00:14:10
also uh I'm in Western New York I'm in
00:14:12
Rochester and uh my house was built in
00:14:15
the 30s I think 1930s so it's coming up
00:14:17
on 90 90 or so years and there's some
00:14:20
parts that are definitely showing it but
00:14:22
on the whole it's it's a good house yeah
00:14:24
yeah they built them different back then
00:14:26
yeah yeah that's for sure I wanted to go
00:14:28
back guys and talk a little bit more
00:14:30
about the specific finances now you
00:14:33
mentioned your accountant you've
00:14:35
mentioned I think you mentioned an
00:14:36
accountant or you at the very least you
00:14:37
mentioned kind of different things you
00:14:39
can deduct tax-wise and one thing that
00:14:42
I've always felt a little unsure about
00:14:44
when it came to uh being a real estate
00:14:47
investor is you know am I getting in
00:14:50
over my head when it comes to the
00:14:51
finances am I going to miss out on some
00:14:53
obvious tax loophole and shoot myself in
00:14:55
the foot so what's been your experience
00:14:58
with that have you hired a professional
00:14:59
do you handle most of it yourself is is
00:15:01
this a lot of the stuff that you guys
00:15:03
learned you know back in 2018 from
00:15:05
Bigger Pockets that now you feel like
00:15:07
seasoned Pros when Josh and I first
00:15:10
started investing in real estate I think
00:15:12
we both had the misconception that we
00:15:15
had to be experts in every single area
00:15:18
and I think that that misconception
00:15:21
prevents a lot of people from getting in
00:15:24
the game because they think they're not
00:15:26
prepared they need to know everything
00:15:28
it's very overwhelming Josh and I are
00:15:30
really big on focusing on our strengths
00:15:34
and leaning into those and any areas
00:15:36
where we feel like we're not really
00:15:38
expert we hire out competent
00:15:40
professionals that can do the job well
00:15:43
so in terms of taxes we know what we
00:15:45
need to know but we leave the rest to
00:15:47
our CPA I'm going to do some nice
00:15:50
cosmetic Renovations in my home but if I
00:15:53
have electrical work that needs to be
00:15:54
done I'm hiring my electrician I don't
00:15:56
want to get electrocuted today you you
00:15:58
know um so I think uh there hasn't been
00:16:02
any issues for us because we we treat
00:16:04
our rental properties like a business
00:16:06
that they are and we delegate
00:16:09
responsibilities to members of our team
00:16:11
I would say the one thing that was kind
00:16:13
of a blind spot a little bit for us in
00:16:15
the beginning was was bookkeeping you
00:16:18
know prior to investing in real estate I
00:16:20
mean we just did like Turbo Tax our tax
00:16:22
situation was actually pretty simple um
00:16:25
so there wasn't a whole lot of
00:16:26
recordkeeping so luckily we have been
00:16:29
fortunate to have a great CPA who kind
00:16:31
of walked us through everything that we
00:16:33
would need to do um and he kind of
00:16:36
taught us these are the forms I all need
00:16:38
to see to make my life easier which
00:16:40
makes your life easier tracking all your
00:16:41
expenses different things like that so
00:16:44
and and now there's a lot of systems
00:16:45
online that make it that much easier and
00:16:47
so we just keep all of our receipts we
00:16:49
scan them we upload them and then come
00:16:51
taxes and he does his magic excellent
00:16:55
and and out of curiosity is that CPA
00:16:57
does he have a like a real estate
00:16:59
specialty or is he just a generic CPA
00:17:01
and all generic CPAs know enough to
00:17:04
handle a real estate Investor's taxes I
00:17:07
want to say yes you know I feel like
00:17:10
competent CPA should be able to but I
00:17:12
will say that Josh and I are a bit
00:17:14
biased with all of the professionals
00:17:16
that we use whether it's a real estate
00:17:17
agent a CPA an attorney we really like
00:17:21
investor friendly fill in the blank so
00:17:24
rcpa is an investor himself um he he
00:17:28
flips homes like he he kind of really
00:17:30
gets it our attorney actually is an
00:17:33
investor so we use our Network to find
00:17:35
people that really understand what we
00:17:38
are doing in real estate because we want
00:17:39
to be able to take advantage of any tax
00:17:42
incentive that we can you know all right
00:17:44
guys well one more money question if I
00:17:47
may ask I'm really curious what kind of
00:17:49
what kind of time commitment and what
00:17:51
kind of financial commitment has been
00:17:53
involved over the lifespan of your
00:17:55
properties and maybe you know we can
00:17:57
talk about what you're putting in but
00:17:59
then also what you're getting out when
00:18:01
it comes to cash flow so I'll start here
00:18:04
in saying that when Josh and I first
00:18:06
started investing in real estate we had
00:18:08
very little Capital to invest I mean we
00:18:11
had a couple thousand bucks in our
00:18:14
savings we scraped together every dollar
00:18:17
that we got from our wedding we didn't
00:18:18
go on a honeymoon and we bought a duplex
00:18:21
instead so for our first duplex we put
00:18:24
5% down um the property was 155 $5,000
00:18:29
were in the capital region of New York I
00:18:31
know that number is going to sound funny
00:18:33
depending on what state you're coming
00:18:34
from um which all in all what was our
00:18:37
total out of pocket for your down
00:18:39
payment and closing costs uh
00:18:41
14,200 bucks Josh is good with numbers
00:18:44
so that was our outof pocket with the
00:18:47
property um beyond that uh we did have
00:18:51
to invest some money into that property
00:18:54
but it's it's kind of not a whole lot I
00:18:57
think so because when we bought the
00:18:58
property there was a tenant already
00:19:00
there um and he was he was paying below
00:19:02
Market rent which was fine because we
00:19:04
were just excited to have a property and
00:19:05
have a tenant I remember January 1 he
00:19:08
gave us a check for like 750 bucks I was
00:19:11
like this is
00:19:13
crazy um and so he about a year later or
00:19:16
so he moved out so we put about $3,000
00:19:19
into his well into that apartment I
00:19:21
should say make it nicer we did some
00:19:23
improvements and so um so yeah and then
00:19:26
we got a new tenant in there we got
00:19:27
about $75 a month more in rent um which
00:19:31
then further lowered our monthly payment
00:19:33
but with that property it was pretty
00:19:35
TurnKey and that's a phrase you here a
00:19:36
lot in real estate investing turn key
00:19:38
means you can move in you don't really
00:19:40
have to do anything it's in great
00:19:41
condition so I would say that first year
00:19:44
real estate investing and with that
00:19:45
first property in general our time
00:19:48
output was a couple hours a week like I
00:19:51
really felt like our time output was
00:19:53
when our tenant would knock on our door
00:19:55
to hand us a rent check because he
00:19:57
didn't understand electonic rent systems
00:19:59
and like I talked to him for like 15
00:20:01
minutes so I really feel like that was
00:20:04
our biggest time output now with our
00:20:06
second property it was very different um
00:20:10
we used a three and a half% FHA loan our
00:20:13
total out of pocket for this property at
00:20:15
150 was
00:20:17
13,200 to close to close so that's your
00:20:21
three and a half% down plus your closing
00:20:23
costs in New York state you're paying
00:20:24
taxes so the closing costs are like
00:20:26
double your down payment um so with this
00:20:30
property it was in rougher shape we got
00:20:32
it at a great deal but we had um you
00:20:37
know probably about close to 15 to
00:20:41
$20,000 in improvements that we needed
00:20:44
to make so this property was not TurnKey
00:20:47
um so because of that I would say our
00:20:50
time output for this one and our money
00:20:52
output has been a bit more because
00:20:56
typically when you buy a property you're
00:20:57
in like that stabilization phase where
00:20:59
you want to get the property running
00:21:01
smoothly everything's good and working
00:21:03
good we are after a year at the the tail
00:21:07
end of that um so I'm noticing our time
00:21:10
output it comes in waves but it's kind
00:21:12
of decreasing yeah I mean in the
00:21:14
beginning it was I mean every single day
00:21:17
you know we were working on something
00:21:19
both expected and unexpectedly um while
00:21:22
also now kind of getting accustomed to
00:21:24
managing a property that we didn't live
00:21:26
in because we you know we rented out of
00:21:27
our other one um and so uh yeah I mean a
00:21:31
year later now relatively speaking knock
00:21:33
on wood it's it's going pretty smoothly
00:21:35
and it's back to that like one to two
00:21:37
hour a week thing but in the beginning
00:21:39
it was it was a lot of work so you often
00:21:41
hear the phrase like real estate
00:21:43
investing is passive you should do it um
00:21:46
it's not passive some months it's more
00:21:50
passive um but isn't it is an active
00:21:53
investment it has great returns um but
00:21:56
it is it is not passive some month are
00:21:58
you know more active than others it
00:22:00
really varies so you're in for an
00:22:02
adventure if you invest in real estate
00:22:05
yeah speaking of Adventures so it sounds
00:22:07
like the second property was more of an
00:22:11
adventure and and potentially more of a
00:22:13
risk right if I'm talking brass tax risk
00:22:16
reward the fact that you guys were going
00:22:17
into a property that you knew you would
00:22:19
have to put money into is definitely
00:22:22
sounds more risky than your first
00:22:23
TurnKey property so maybe you know what
00:22:26
kind of mindset did you have going into
00:22:27
the second property that maybe wasn't
00:22:29
there for the first one or did you feel
00:22:31
like your first property gave you the
00:22:32
experience needed to tackle this second
00:22:34
one yeah I would say our first property
00:22:37
like spoiled us um you know we we didn't
00:22:41
think like well you could live for a lot
00:22:44
cheaper and still really love the space
00:22:46
that you were in and we found that that
00:22:48
was our first property it was beautiful
00:22:50
it was yeah it was it was it was
00:22:52
basically a house and it just so
00:22:53
happened to have an apartment it was it
00:22:55
was magical so um uh our second property
00:22:58
though yes so I mean we had about a year
00:23:00
and a half of experience in our you know
00:23:02
under our belts if you will um our goal
00:23:05
going in all the time like I said before
00:23:07
was we had 102,000 and we no longer
00:23:10
wanted to have student loans so we were
00:23:13
excited to be paying down I think we got
00:23:15
down to like $400 a month at the first
00:23:17
property but our goal was always zero we
00:23:20
don't live free live for free um and so
00:23:23
this property it was an off-market deal
00:23:25
we made through a relationship in the
00:23:27
community
00:23:29
um I think we admittedly I think we
00:23:32
underestimated the amount of work that
00:23:35
was going to be needed we had a baseline
00:23:38
idea but then kind of once we got in and
00:23:40
really started opening things up uh I
00:23:43
think it ended up kind of ballooning on
00:23:44
us a little bit I think we felt
00:23:46
experienced and I think we were a little
00:23:48
naive because our first house hack was
00:23:50
so easy we were like let's do it again
00:23:52
this is great and this house hack like I
00:23:55
think the first three months I cried
00:23:58
every day and I was like we ruined our
00:23:59
life here um like it was really really
00:24:02
stressful and overwhelming um but now
00:24:06
looking back on everything we are such
00:24:09
better investors we've gotten such
00:24:12
experience when things break now I don't
00:24:15
cry I'm just like okay what do I need to
00:24:17
do so you know all of that challenge
00:24:20
really made us better um in a lot of
00:24:22
ways and sometimes like that's like the
00:24:24
Catch 22 like there's a there's an
00:24:26
expression I like if you know jao
00:24:28
willink all he says embrace the suck and
00:24:31
like it's not always fun to like do hard
00:24:33
things but it's the hard things that are
00:24:35
actually going to make you way better um
00:24:37
and now yeah I feel like a way more
00:24:40
confident real estate investor because
00:24:42
of the hard stuff that we had to go
00:24:44
through I love I mean it totally is a
00:24:46
catch 22 and the way you guys explained
00:24:49
it it makes perfect sense how
00:24:51
challenging it would be going through it
00:24:54
and then potentially I can only think of
00:24:56
going through it and kind of having
00:24:58
those like oh moments and and
00:24:59
feeling a little regret myself but then
00:25:02
when you're on the other side and you
00:25:03
realize how you've grown from it whether
00:25:05
it's your your actual you know kind of
00:25:07
mechanical skills of fixing things up or
00:25:10
whether it's maybe what you want to look
00:25:11
at next time in a property and some of
00:25:13
those investing lessons like that is
00:25:15
where the money is made right that's
00:25:17
where the bread gets buttered and the
00:25:18
real value is yeah no I love that and
00:25:21
yeah it is it was like we went to School
00:25:24
of Real Estate and we paid probably
00:25:26
about 15,00
00:25:28
to learn a lot more than we had ever
00:25:30
known yeah and now yeah now we're better
00:25:33
investors because of it but what I will
00:25:35
say too what's kind of cool about real
00:25:36
estate is so I mean we bought the
00:25:39
property um for
00:25:41
150,000 and day one I mean we knew we we
00:25:45
were getting a decent deal but it
00:25:46
appraised for
00:25:48
168,000 and this was before we had put
00:25:50
any of the work into it so right now
00:25:52
it's probably about 178 180,000
00:25:55
depending on you know who you talk to
00:25:58
um you know so sometimes with real
00:25:59
estate you have what's called forced
00:26:01
appreciation so there's natural
00:26:03
appreciation just from market conditions
00:26:05
and then you as the investor can
00:26:07
actually make the property worth more
00:26:09
because it can now produce more based on
00:26:11
the work you did gotcha so that that
00:26:14
would just mean you guys put in a better
00:26:16
kitchen or you guys made it a finished
00:26:18
basement and therefore the the home is
00:26:21
worth more or the very least you can
00:26:22
rent it out for more both both yeah both
00:26:25
okay very interesting very interesting
00:26:27
so that's something I've been thinking
00:26:28
about the property that I'm talking to
00:26:30
you from right now is my personal
00:26:33
property that my girlfriend and I might
00:26:35
end up moving out of in the near future
00:26:37
we'll see and uh one question I've had
00:26:40
for myself is what money do I put into
00:26:42
this property with the expectation that
00:26:44
I'll get it back out when I sell you
00:26:46
know and then so I'm thinking about for
00:26:48
example upgrading the bathroom because I
00:26:50
think that might be something that is
00:26:52
truly value added it's a pretty small
00:26:53
bathroom it's like a Harry Potter closet
00:26:56
I think if I expand that that it might
00:26:58
actually Help The Help the place rent
00:27:01
out a little bit better so a lot of
00:27:03
times I mean you could take some of the
00:27:04
guess workk out of it too so like if you
00:27:07
go on like Facebook Marketplace or
00:27:09
Craigslist or Zillow and stuff like that
00:27:11
and there's neighboring homes like
00:27:13
single family similar layout and stuff
00:27:15
like that and they're for rent you can
00:27:18
kind of gauge okay well like this is our
00:27:20
home as is these are the homes this is
00:27:22
kind of our competition if you will um
00:27:25
how does our home compare because
00:27:27
sometimes what people do kind of get
00:27:28
into trouble is they without kind of
00:27:31
doing that market analysis they put a
00:27:33
bunch of money in thinking like nice
00:27:34
we're going to totally recoup this and
00:27:36
then they like over renovate kind of
00:27:38
thing whereas as is it might be ready to
00:27:40
go like as an example um with our
00:27:43
neighborhood that we live in we live in
00:27:45
a nice neighborhood it's not bougie it's
00:27:47
a workingclass neighborhood it's a safe
00:27:49
affordable community and um you know you
00:27:52
could really get carried away with
00:27:54
Renovations you could do granite
00:27:55
countertops and put in hardwood floors
00:27:57
and all of these things I know that
00:27:59
based on Market rents in my neighborhood
00:28:02
I would never make my money back if I
00:28:03
put all of those fancy finishes in um
00:28:06
because you just can't charge that where
00:28:08
we live um so I think it it's really
00:28:11
important to do your analysis because
00:28:13
you might look at properties in your
00:28:14
neighborhood and yours is the nicest one
00:28:17
and you're like oh I can just actually
00:28:20
do it as is and I probably could get
00:28:22
some great tenants so yeah we'll talk
00:28:24
when you get to that point let's let's
00:28:26
uh work together on that one yeah very
00:28:28
interesting um and it does actually make
00:28:30
me wonder like what kind of thought
00:28:32
process do you guys put into setting
00:28:34
your prices do you try to meet what the
00:28:37
market rate is in your area or I've
00:28:39
heard some people say they actually try
00:28:40
to rent they charge a little bit above
00:28:43
Market rates almost to project this this
00:28:46
message that my property is a little bit
00:28:48
nicer than average what what do you guys
00:28:50
think about that that's actually very
00:28:51
interesting to hear that um we have a
00:28:54
very very involved process and Analysis
00:28:57
that I'm not going to bore you with but
00:28:58
we spend a lot of time making sure that
00:29:02
we are appropriate with our rent we use
00:29:04
a lot of different resources we go on
00:29:06
Facebook as Josh said Zillow rentometer
00:29:09
is another um app that you can use so we
00:29:12
go on multiple sites to kind of look at
00:29:14
comparable Apartments um but then after
00:29:18
that we really like to not charge the
00:29:21
tippy top of the market or above we like
00:29:24
to come in a little lower or at Market
00:29:27
or maybe a touch lower um and the reason
00:29:30
for that is because if you're charging
00:29:33
the very very top you need to have a
00:29:36
great reason about why you're charging
00:29:38
it and in today's day and age you have
00:29:41
all of these massive luxury apartment
00:29:44
complexes that are offering a gym and
00:29:46
snow removal and Grant you know
00:29:49
everything and we are not that you know
00:29:52
we are the small potato landlords we own
00:29:54
a couple duplexes and we offer a lot of
00:29:56
great am amenities but we're not that so
00:29:59
when you charge a little below um that
00:30:02
tippy top um I think it actually helps
00:30:05
with tenant retention people want to
00:30:07
stay there longer because they feel like
00:30:08
they're getting a good deal um anything
00:30:11
else you want to add yeah well I think
00:30:13
sometimes like the hidden cost like you
00:30:15
talk about like Finance hidden cost and
00:30:17
finance is inflation in real estate it's
00:30:19
vacancy and I think sometimes people get
00:30:23
overzealous sometimes thinking like oh
00:30:25
I'll get the top market right well every
00:30:28
single month that that property is not
00:30:30
rented that is however many dollars
00:30:33
every single month you're not collecting
00:30:35
um and unless you have a really really
00:30:37
big portfolio I mean if you go two
00:30:39
months without rent that could be an
00:30:40
entire year worth of cash flow right
00:30:43
there we actually have friends and
00:30:45
coaching clients that we've worked with
00:30:47
that have priced their Apartments too
00:30:49
high and some of them they've been
00:30:51
without tenants for like three or four
00:30:53
months and then we talk to them and we
00:30:55
do an analysis with them and we're like
00:30:57
your apartment is $200 too high or
00:31:00
whatever the number is and they bring it
00:31:02
to the number that makes more sense and
00:31:04
they get dozens of applicants so the
00:31:07
number really could impact you a lot so
00:31:09
that's why it's important to have that
00:31:11
forethought got that's really cool I
00:31:13
mean that is a uh I'm a bit of an
00:31:15
economics nerd and that is a supply and
00:31:17
demand pricing model example right there
00:31:19
right if if you're price is too high
00:31:23
then the demand at that price is going
00:31:25
to be low and no one's going to no 's
00:31:27
goingon to eat up your supply so you
00:31:29
have to lower the price to make that uh
00:31:31
supply and demand
00:31:32
meet our big thing too is like we like
00:31:35
the idea of uh if someone was living
00:31:38
somewhere else and they wanted to kind
00:31:39
of like work upwards towards something
00:31:41
like that what we own we we have a spot
00:31:44
for them or we've also had tenants who
00:31:46
came from very very high or more
00:31:49
expensive apartments and they wanted
00:31:51
something to work down but it's still
00:31:52
like a safe clean neighborhood and we
00:31:54
can kind of acest depending on where
00:31:56
people are coming Goldie Locks the
00:31:58
Goldie Locks apartments right excellent
00:32:01
and one thing you touched on there that
00:32:03
is a huge point at least from my point
00:32:04
of view you said you know bacancy is
00:32:07
your is your worst enemy one of the
00:32:10
worst enemies because I just did a quick
00:32:13
quick math right so if you lose two
00:32:14
months of rent on vacancy out of a year
00:32:17
two out of 12 months you're losing 177%
00:32:20
of your revenue and on any sort of
00:32:22
investment if you're losing 177% of your
00:32:25
return from somewhere that might be all
00:32:28
the profit and then some for that year
00:32:30
so that that is huge so I can see how
00:32:32
tenant retention is is kind of Paramount
00:32:35
in your minds crucial y yeah and we
00:32:37
spend a lot of time not only in terms of
00:32:40
the pricing of our Apartments um but we
00:32:43
also spend a lot of time being I would
00:32:45
say very handson landlords um what's
00:32:49
nice about being a small potato
00:32:51
landlords um and buying Pro properties
00:32:54
in close proximity Is that relatively
00:32:56
speaking speaking you know if a tenant
00:32:58
has a question concern we can act on
00:33:00
that very quickly um and a lot of times
00:33:02
tenants when they come to us and we kind
00:33:04
of screen them they tell us the
00:33:06
experience that they had with their
00:33:08
prior landlord and we do our best to not
00:33:10
replicate that gotcha gotcha a couple
00:33:14
things you've said I've got some little
00:33:16
questions that I thought might be might
00:33:18
be interesting so the one now that you
00:33:20
have two houses am I safe in assuming
00:33:22
that you guys have 30-year mortgages on
00:33:24
those houses or what do your mortgages
00:33:26
look like yep we have 30-year fixed
00:33:28
mortgages um the first Josh knows all
00:33:31
the numbers I don't even try to memorize
00:33:32
them what's the APR for both of them
00:33:34
yeah so the first one was 487 that one
00:33:37
we bought in uh end of 2018 where rates
00:33:39
were a little bit higher um this one
00:33:42
that we're in right now we just closed
00:33:44
well not just closed but last year um we
00:33:47
bought it at
00:33:48
2.7% okay okay and then 30 year I mean
00:33:51
it makes sense to me on its face the
00:33:53
idea is that you want to keep your costs
00:33:56
lower so that your cash flow stays
00:33:57
positive so a 15-year mortgage doesn't
00:34:00
really make sense just because it makes
00:34:01
it harder to be cash flow positive is
00:34:03
that the thinking yeah that's exactly
00:34:05
yeah and also you really want your
00:34:08
tenants to be paying off your asset for
00:34:10
you you make that initial investment on
00:34:13
the actual down payment and closing
00:34:15
costs um and then of course if any
00:34:17
improvements need to be made you're
00:34:19
doing that but really the goal of this
00:34:21
is that you have renters and every month
00:34:23
they pay that rent and eventually the
00:34:25
principal is paid down in 30 years and
00:34:27
you own a property free and clear and
00:34:29
for us too sometimes I I refer to it as
00:34:32
like knowing which ending of the game
00:34:33
you're in so right now we are very
00:34:36
comfortable taking on Leverage in the
00:34:38
form of a mortgage um because by doing
00:34:40
so it allows us to right have higher
00:34:43
cash flow um which then covers more of
00:34:45
our cost of living which keeps more
00:34:47
student loans which keeps more of our
00:34:48
money in our pockets which then
00:34:50
expedites the process um of saving up
00:34:53
for down payments eventually um and
00:34:56
we're probably not that far off right
00:34:58
now from where we want our our kind of
00:35:00
final portfolio to be if you will once
00:35:03
we're kind of at that point we're not
00:35:05
opposed to even if it's just one
00:35:07
mortgage um kind of like rental debt
00:35:09
snowballing that if you will getting
00:35:12
that at least paid off which then it's
00:35:14
kind of like you're going from offense
00:35:15
to defense a little bit that will um
00:35:18
boost the cash flow because the
00:35:19
principal interest is now gone um which
00:35:22
covers more of our cost of living um but
00:35:25
that's really once our portfolio is
00:35:27
where we want it to be but right now we
00:35:29
at we're just 30-year mortgages and
00:35:30
we're letting other people pay off the
00:35:32
houses and Rental debt snowball for
00:35:34
those that don't know is where you take
00:35:36
the cash flow from every property and
00:35:38
you kind of lump it together every month
00:35:40
and throw extra payments at your
00:35:42
principal for one property so
00:35:44
technically your rents and your tenants
00:35:47
rent money is still paying off that
00:35:49
mortgage it's not necessarily your money
00:35:51
out of pocket um so then you own a
00:35:53
property with no mortgage gotcha very
00:35:56
cool and and I could see how over time
00:35:59
these decisions meaning you know the the
00:36:01
30-year mortgage decision or the the
00:36:03
rental debt snowball decisions over time
00:36:06
they're going to compound to the point
00:36:08
that's allow you if you wanted to you
00:36:10
could essentially build your Empire more
00:36:12
quickly then right if you do a 15-year
00:36:14
mortgage actually more money is leaving
00:36:16
your pocket every month in the form of
00:36:18
mortgage payments which means you can't
00:36:20
save up that money for the next down
00:36:21
payment on the next house exactly yeah
00:36:24
yeah no I think so our just an of like
00:36:27
the Snowball Effect it took us about a
00:36:29
year to save up probably actually a
00:36:31
little bit longer to save up for our
00:36:33
first uh investment property and we need
00:36:35
a little bit of help from family it took
00:36:37
us probably about six months to save up
00:36:40
for our second property um and it just
00:36:42
continues to compound and get faster and
00:36:44
faster just as um as our properties
00:36:47
continue to perform as our incomes
00:36:49
continue to SL steadily rise and then
00:36:51
our expenses um they haven't really gone
00:36:54
lower but the income our expenses
00:36:55
haven't really gone up either yeah yeah
00:36:58
out of curiosity and you don't have to
00:37:00
answer if you don't want to I know a lot
00:37:01
can change over time but what are your
00:37:03
long-term aspirations with real estate
00:37:06
investing I mean do you have five house
00:37:08
10 house or or is the sky the limit um
00:37:11
as of right now well our first phase of
00:37:14
real estate investing was that we wanted
00:37:17
enough Apartments to pay the mortgage of
00:37:19
a single family home so for us that
00:37:22
looks like probably um six units or
00:37:27
three duplexes um so our first phase we
00:37:31
want to get one more property and the
00:37:33
cash flow from all three of those
00:37:35
properties will pay the mortgage for our
00:37:37
own primary residence um but I think
00:37:40
like the next phase of that is probably
00:37:42
like 10 units 12 units um we'll see how
00:37:46
that feels and if that feels good but
00:37:48
that's kind of our plan for now um we
00:37:51
don't have ambitious goals of owning
00:37:52
hundreds of units I don't think that's
00:37:54
us and that will ever be us um but those
00:37:57
are kind of our our goals for
00:37:59
now very cool makes a lot of sense to me
00:38:02
I I would probably be in the same boat
00:38:04
for what it's worth I think it'd be
00:38:05
great to have that not passive as we
00:38:08
said earlier but semi-passive income
00:38:10
that's kind of paying some of the bills
00:38:12
but uh I I don't think I'd want maybe
00:38:14
the stress that would come with a large
00:38:17
real estate Empire yeah no that's not
00:38:19
really our gym I mean our whole thing
00:38:21
like allly was saying before is like so
00:38:24
we're we're not like some people like
00:38:26
love real estate and they're all about
00:38:27
real estate I mean we like real estate
00:38:29
because what it does for us from an
00:38:30
economic standpoint but if if you showed
00:38:33
us an investment tomorrow that was like
00:38:35
this will give you way better returns
00:38:37
that's where our money is going so right
00:38:39
now we haven't found anything to
00:38:41
necessarily beat it in terms of our
00:38:42
goals um but we also on the side in
00:38:46
conjunction with real estate we're also
00:38:47
building our Index Fund portfolio and we
00:38:50
want to try to have as many legs under
00:38:52
our financial table as possible so that
00:38:55
if one day we're like you know what
00:38:56
forget about this whole real estate
00:38:57
thing we have three or four other income
00:39:00
streams that can support us very nice
00:39:02
let's talk about that for for a couple
00:39:03
minutes so your index fund portfolio
00:39:06
just out of curiosity uh as do you take
00:39:09
advantage of like tax advantaged
00:39:11
accounts or kind of where are your where
00:39:13
are your index fund Investments being
00:39:15
made and then which index funds are you
00:39:18
choosing to invest into yeah so we both
00:39:22
tax advantage and uh non-t tax advantage
00:39:25
so we have a Roth IRA
00:39:27
um and then we have a taxable brokerage
00:39:29
account and so both of which well
00:39:31
actually the Roth IR rate is comprised
00:39:34
of the S&P 500 so we use vanguards and
00:39:37
it's actually it's not an index fund
00:39:39
technically it's an exchange traded fund
00:39:41
yeah okay so it's it's vo the Vanguard
00:39:44
S&P 500 um and it's entirely S&P 500 and
00:39:49
then in our taxable brokerage it's 100%
00:39:53
vti which is the Vanguard Total stock
00:39:56
market Index Fund um which is basically
00:39:59
you own uh a share in every publicly
00:40:02
traded company in the United State so in
00:40:05
essence you own the entire economy um
00:40:07
and those are the two funds that we own
00:40:10
excellent excellent I can support both
00:40:12
those funds and and we've talked about
00:40:13
index funds a lot here on the best
00:40:15
interest podcast and I think Vu and vti
00:40:18
have come up before but if not the idea
00:40:21
of uh total Market us funds or large cap
00:40:24
S&P funds have come up before terrific
00:40:27
Investments one more this is a fun
00:40:29
question guys before we get into the
00:40:31
classic uh rapid fire questions I did
00:40:33
have one note I took and I'm looking
00:40:35
over here on the side because this where
00:40:37
I keep my notes so you mention that you
00:40:39
didn't go on a honeymoon which is a very
00:40:42
pragmatic choice to help you save for
00:40:44
this first house but my two-part
00:40:46
question is have you done something
00:40:48
since that's been like a honeymoon or if
00:40:50
not where would you eventually take your
00:40:53
honeymoon where would you go great
00:40:55
questions so we got married um we went
00:40:59
on a Mini Moon we did a little uh
00:41:02
weekend away in Cape and Massachusetts
00:41:05
which is north of Cape Cod it was really
00:41:07
nice um but then a year later actually
00:41:10
like on the anniversary of our wedding
00:41:13
we did a two and a half week road trip
00:41:15
out in California we saw the Redwoods we
00:41:19
went hiking in yosity we went to all
00:41:21
your classic you know touristy stops up
00:41:23
and down the coast lots of outdoorsy
00:41:25
Adventure stuff and the coolest thing
00:41:28
about it is that we were able to pay for
00:41:30
the trip in cash from all of the money
00:41:33
that we saved house hacking so we kind
00:41:36
of like cash flow to Honeymoon so pretty
00:41:39
cool and definitely worth the wait if we
00:41:41
if we had just you know kind of didn't
00:41:44
delay that gratification we probably
00:41:46
would have came back with a ton of debt
00:41:48
and we were new Real Estate Investors so
00:41:51
um we were really really excited but we
00:41:53
wanted to do it in a way that aligned
00:41:54
with what we were trying to accomplish
00:41:56
accomplish um and it just it made it
00:41:58
that much better to have a wonderful
00:42:00
experience and not come back with a butt
00:42:02
ton of
00:42:03
day all right guys rapid fire question
00:42:06
time and feel free you can take these
00:42:08
one one on-one or you can answer
00:42:11
together totally up to you the first one
00:42:14
though is a way that I do my CH uh
00:42:15
Christmas shopping it's uh what was the
00:42:18
last material object or personal luxury
00:42:21
that you spent $100 or more
00:42:25
on I just bought a pair of Birkenstock
00:42:28
sandals today oh wow okay yeah but I
00:42:32
didn't tell Josh and we normally tell
00:42:34
each other about 100
00:42:37
or yeah so I'm telling you I um I got an
00:42:41
iPad off of a Facebook Marketplace about
00:42:45
a month and a half ago very cool very
00:42:48
cool well this can also serve as the
00:42:49
best interest confessional so feel free
00:42:52
you know we
00:42:54
can this is a safe environment to talk
00:42:57
about our purchases you know money is a
00:43:00
topic those are both those are both
00:43:02
awesome purchases right nice sandals
00:43:04
very important iPad very cool I'm
00:43:07
talking to you guys through a a Macbook
00:43:09
that I got probably three months ago now
00:43:11
and it's so cool I should have owned one
00:43:13
much longer
00:43:15
ago all right next question what's a
00:43:19
good habit that you're trying to form or
00:43:21
a bad habit that you're trying to
00:43:23
break um so my big thing is getting back
00:43:27
into fitness so I have been a lifelong
00:43:30
athlete um played multiple Sports and
00:43:34
part of a lot of recreational leagues
00:43:35
but I've pretty much been fairly
00:43:39
sedentary for about a year and a half or
00:43:40
so um minus like the occasional plan of
00:43:43
Fitness Excursion so really trying to
00:43:45
get back into the swing of things of
00:43:47
just like overall Fitness I think it's
00:43:49
been hard with covid because I think
00:43:51
with all the craziness going on you know
00:43:53
I think we had a pretty con consistent
00:43:55
routine prior to to covid um but I feel
00:43:57
like we never fully got out of it or
00:44:00
back into it rather um so I'd agree with
00:44:03
that for sure gotcha here here same same
00:44:07
old story on my
00:44:09
end um next one what's your favorite
00:44:12
Financial tool or app or service that
00:44:15
you use and why do you like it oh man um
00:44:19
so I'll give you two for me uh so I
00:44:22
really really like personal Capital as
00:44:25
far as track ing our finances um it's
00:44:28
just a nice One-Stop shop it kind of
00:44:30
Aggregates all the data and it gives you
00:44:33
a nice kind of breakdown of this is your
00:44:35
spending every single month this is your
00:44:36
net worth this is how everything's going
00:44:39
so I really really like that and then
00:44:41
kind of like the running joke of our
00:44:43
house is like the most popular app on my
00:44:45
phone is the calculator um because I
00:44:49
always you're always on the calculator I
00:44:51
am always running numbers whether it's a
00:44:53
rental property prospective rental
00:44:55
property Ro y a stock index you name it
00:44:58
I'm always running numbers pretty much
00:45:00
non-stop so the calculator app on my
00:45:03
phone so because Josh shared our
00:45:05
favorite personal finance app I'm going
00:45:07
to go a little out of the box with this
00:45:09
one and um during the peak of covid
00:45:12
before we made the five couple we
00:45:13
watched the documentary called the
00:45:15
social Dilemma on Netflix it if you
00:45:18
watched it it's like very
00:45:19
thought-provoking and depresses you a
00:45:21
little so we watched it and then I went
00:45:24
on my personal Instagram account and I'm
00:45:26
following tons of different influencers
00:45:29
accounts whatever um mostly people that
00:45:31
make me want to spend my money on
00:45:34
clothes or you know I feel bad after
00:45:37
looking at them because I'm like wow
00:45:38
they're like such an Instagram model
00:45:40
right so I decided that I didn't want to
00:45:42
be a consumer of things that were not
00:45:45
fulfilling me and making me feel better
00:45:47
about myself or helping improve me in
00:45:49
some way um so I started following
00:45:52
educational platforms and I think my
00:45:55
favorite person personal finance at for
00:45:57
us is Instagram because I think there is
00:46:00
such incredible knowledge and resources
00:46:02
and people and Community um on Instagram
00:46:05
and we learn so much every day from
00:46:09
experts in different fields so I feel
00:46:11
like we surround ourselves with such an
00:46:13
awesome personal finance community on
00:46:15
Instagram I think it just like when you
00:46:17
surround yourself with people that get
00:46:19
it um it forces you to level up and I
00:46:22
think it has really forced us to level
00:46:24
up in so many different ways yeah I'd
00:46:26
agree with that that's an awesome answer
00:46:28
and we're going to come back to
00:46:29
Instagram in a few seconds because I
00:46:31
think after this podcast a lot of people
00:46:33
are going to want to connect with you
00:46:35
guys on Instagram and we'll talk about
00:46:36
how they can do that but real quick
00:46:39
before one more question I will say I
00:46:42
did not tell these guys that the podcast
00:46:44
is sponsored by personal Capital so Josh
00:46:48
thank you for the excellent advertising
00:46:51
folks if you want to sign up for
00:46:52
personal Capital hit up that link in the
00:46:54
show notes
00:46:56
oh cool it's a good app it is a good app
00:47:00
Josh and Ally agree um so one last
00:47:03
question before we get to the important
00:47:05
you know how do people contact you the
00:47:07
last rapid fire question is if I gave
00:47:09
you guys a billboard and you could share
00:47:11
any message with the world what would
00:47:14
you
00:47:15
say uh do good to others you know that's
00:47:19
honestly I that's my my number one thing
00:47:22
and whether it's the five couple or just
00:47:23
like in my personal life I think a lot
00:47:26
of times we're like oh man like how can
00:47:28
I change the world and that's like a
00:47:29
really really daunting thing I think
00:47:32
sometimes we underestimate how impactful
00:47:34
just a small kind act of kindness can
00:47:36
have on like a person's life and you
00:47:38
never know like how much they needed
00:47:40
that nice gesture whatever it is um so I
00:47:43
would just say like do kind things to
00:47:45
others just because it's a nice thing to
00:47:47
do I would say something different but I
00:47:50
agree with that I don't think that's a
00:47:52
bad one right um we talk a lot about
00:47:54
like our why and why we're doing
00:47:56
everything and it's because like our
00:47:57
time is finite it's the most precious
00:48:00
commodity in the world so it is I don't
00:48:02
know if that's what my billboard would
00:48:04
say but something along that effect of
00:48:07
are you living the life you want to live
00:48:09
are you spending your time the way you
00:48:10
want to spend it and if you're not what
00:48:12
do you need to do to do it differently
00:48:14
for us we are aggressively paying down
00:48:16
debt and investing so that we can quit
00:48:18
our ninetto FES and have more time with
00:48:21
each other and the people that we love
00:48:23
so I think it's a great thing to do yeah
00:48:28
I love both those Billboards I would I
00:48:30
would honk at those Billboards as I
00:48:33
went um well thank you guys so much for
00:48:36
coming on the podcast and as I alluded
00:48:38
to a couple minutes ago people are going
00:48:39
to want to reach out to you how can they
00:48:41
do so so you can pretty much find us on
00:48:44
most social media platforms on Instagram
00:48:46
we are at the FI couple um we have a
00:48:50
Twitter the F couple and uh is that it
00:48:54
well we also have a website we have a
00:48:55
website
00:48:57
www.the couple.com yeah no and and
00:49:00
honestly we try to be as responsive as
00:49:02
possible so if people have questions
00:49:04
feel free to shoot us a DM or an email
00:49:06
uh infothe couple.com um we talked a lot
00:49:10
today about real estate um that's
00:49:11
something we are very passionate about
00:49:13
and specifically house hacking uh so
00:49:16
passionate about that we decided to
00:49:17
write a book on that topic and so it's
00:49:21
it's all the information we wish we knew
00:49:23
when we first started buying real estate
00:49:25
and so so uh we put that into an ebook
00:49:27
so if you go to our Instagram uh it's
00:49:29
right in our bio um and we'd love to
00:49:32
hear your reviews excellent and after
00:49:34
everything you guys have kind of
00:49:36
enlightened me and us with today I can
00:49:39
tell that book is going to be chalk full
00:49:41
of knowledge so very cool Ally and Josh
00:49:44
thank you so much for coming on to the
00:49:45
best interest podcast thank you so much
00:49:48
it's been so much fun yeah absolutely
00:49:50
it's a
00:49:51
[Music]
00:49:54
pleasure
00:49:57
huge shout out to the FI couple thank
00:50:00
you guys for coming on to the best
00:50:02
interest podcast and if you want to get
00:50:04
a hold of Ally and Josh the FI couple
00:50:06
I've included all of their links in the
00:50:09
show notes if you want to reach out to
00:50:11
me my email is Jesse bestter interest.
00:50:13
blog you can follow me on Twitter where
00:50:15
my username is
00:50:17
bestore JC or you can follow me on
00:50:20
Instagram where my username is the best
00:50:23
interest JC
00:50:26
if you find this content valuable and
00:50:28
you want to give back there are three
00:50:29
easy free options for you the first one
00:50:32
subscribe to this podcast via the app
00:50:34
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00:50:37
second and third options are to leave a
00:50:39
rating and leave a review of the best
00:50:41
interest podcast tell me what you think
00:50:43
I love hearing back from you guys we can
00:50:46
continue to invest in one another
00:50:47
because as Ben Franklin said an
00:50:49
investment in knowledge pays the best
00:50:51
interest sharing with others is
00:50:53
investing in their knowledge so thank
00:50:55
you all for listening to this episode
00:50:57
number 35 of the best interest
00:51:00
[Music]
00:51:15
podcast that is so cool that is so cool
00:51:18
all right all right time for well
00:51:21
actually I'm sorry I'm sorry you just
00:51:24
butt of De what the f is that so no I
00:51:28
have like I have like all these things
00:51:29
were you trying to say a ton but
00:51:31
you were making it appropriate no I just
00:51:33
I have all these little I've never heard
00:51:35
you say butt ton yeah I say butt ton I
00:51:38
say Eager Beaver I like don't say butt
00:51:41
ton that needs to end yeah I don't I
00:51:43
it's not a I'm sorry just so you guys
00:51:46
know I usually clip out the funny audio
00:51:48
clips and I stick them at the end of the
00:51:49
episode after the credits so like this
00:51:51
is this might have to go first just so
00:51:54
everybody knows what they're getting
00:51:55
into people were on the live last night
00:51:58
and like I don't think about it I just
00:52:00
like it's like things you pick up your
00:52:02
why your mom says butt ton yeah Mom says
00:52:06
butt ton like I literally can't even
00:52:08
hear this word it's the dumbest word
00:52:09
I've ever heard all right no I I could
00:52:11
see it I could see it I mean right I you
00:52:13
know ton got a ton of ton
00:52:16
of stuff and then you know a mom wants
00:52:19
to make it a little more appropriate she
00:52:21
says butt ton butt ton I get it I get it
00:52:24
I'm not saying that I I'm I'm trying to
00:52:28
I'm trying to be the mediator here
00:52:30
because I'm not sure that I would you
00:52:32
know I'm not sure I want to incorporate
00:52:33
buttton in my vocabulary all I'm saying
00:52:36
is I I know where it comes from the
00:52:38
atmology makes sense to me that's 100%
00:52:40
accurate I guarantee that's yours so it
00:52:43
was just a mom trying to do good by her
00:52:45
son and you're hating on it okay well
00:52:48
moving
00:52:50
on all right guys I've got a butt ton of
00:52:53
Rapid Fire questions for you
00:52:56
h
