speaker 1: 
speaker 2: this call may be recorded press one to accept hello this call may be recorded press one to accept
speaker 1: hello hi
speaker 2: hi sorry that was a long meeting
speaker 1: good what oh well I am sorry that we are on such a rollercoaster I genuinely did call you yesterday to tell you we shouldn't and wouldn't be talking anymore but then we have that silly argument where I was upset that you wouldn't say yes or no and then after that I felt like you were really honest with me and safe so
speaker 2: I can
speaker 1: yeah I enjoyed well I mean it would have been a lot easier if you just said no the first time I asked you because after that I I really had a good time
speaker 2: with you sorry yeah I mean I
speaker 1: don't know I don't know what you were doing if you were trying to trying to make a point or or what but it's just not a nice way to check it I know like you were accusing me of like making up that you haven't answered me when you definitely had and that was just it was just not a nice way to treat me at all it was a big enough question that deserved to clear answer anyways I did I really did enjoy my time with you last
speaker 2: night
speaker 1: I feel like it would be really smart of us to do some high-yield short-term
speaker 2: Investments
speaker 1: and I feel like the only way I know to do that is real estate cuz that's what I know but before I went too far with that I just wanted to check in with you on whether we should be capitalizing on the artificial dip in the stock market by I don't even know I don't understand how you sell stocks that you don't have
speaker 2: borrow them from other investors than I would not recommend that
speaker 1: I mean that would take a lot of money
speaker 2: somehow yeah I would take money and just trade
speaker 1: it all oh okay so you're basically you're securing it in case you end
speaker 2: up losing I mean yeah basically the place that you could theoretically experience at unlimited because Fox could go you know Thursday oh yeah it's it's literally Fidelity like pre-booked people's houses cuz they made a wrong foods but yeah they only get so much collateral which is for what it's expected you know like a house you know that's the value ratio out of thirty percent that you think it's going to cover
speaker 1: you but it doesn't always cover use but well you can't say it's literally unlimited life all you can lose is the full value of what you sold you
speaker 2: sell know cuz when you fell short you're taking another client at that stockbrokers took another client at the stock broker selling them yep so you owe that person back though shares and the price of those shares could theoretically fine forever but that obviously you're not likely but you just take unlimited amount that you have to spend to buy those shares back in order to replace those shoes with a couple
speaker 1: of a deer obligated to do oh okay
speaker 2: I think I was thinking about it and then our meeting today I was watching the stock market I think that that do for us to get us in the best position might be considered selling an additional property for that the economy really saying looking kind of the Harry to me right now the key would be to try and sell it relatively soon before I real estate right to pay off of our high-end reset and then we have some left over to invest at a lower price but we've got a lot of equity at least on the books right now yeah I don't think the question should be able to walk past some of that yeah I just don't know about if I I mean are you doing that without taking care of their credit cards
speaker 1: for yeah are you feeling like all the new building is about to stop I was wondering about it
speaker 2: today I'll send in this meeting talking about properties and the stock market was down like
speaker 1: 7% and that nobody care of course is really keyed into that you guys are just bought houses that are on demand at this
speaker 2: little bit I have to go back and look at those wonder you get this company was like basically started after the last downturn or if they survived the last Encore
speaker 1: okay so you mean you're thinking like the stock market could just affect everything across the board so that there's like a housing prices
speaker 2: again yeah I mean it's a keeper of the broader economy what stock market representative broader economy so it's thinking like doing today I'm doing for a couple of weeks back about the fact that oil prices are collapsing and the way that they feel curve is looking and everybody's gearing up for this to be a big event off that'll create the economy and the stock market is correlates extremely well so the overall economy and that would
speaker 1: yeah that we're looking at a really
speaker 2: weak. For the economy right now
speaker 1: we had a house of Chrysler because everybody was able to take out like ridiculous sportage's that weren't consistent with what houses were actually worth relative to people's earnings and
speaker 2: paychecks yeah I would where's right now there's
speaker 1: people actually can't afford their mortgages like the mortgages are somewhat in line with what people are actually earning so unless there's going to be off the playoffs going to cause house Decor
speaker 2: close well that
speaker 1: shouldn't be like last time I
speaker 2: don't know I mean I don't look at the ratio as well enough to know exactly how it compares the last time I could just bite my got in state-subsidized on the loan that's continued to support High real estate prices I do think that it could be like last time and I do think that we could have layoffs I'm sorry to figure out though I'd really know what this virus thing is going to actually yeah but I think I think that I'm excited that you're still interested in real estate oh good I Define eligible to get a contractor's license I can do that and good
speaker 1: home good well I kind of is looking at not being able to go to law school just because the more I've analyzed our financial situations off like we just can't you know I think we just I mean we just can't like like actually what's that yeah I mean
speaker 2: in sure if you wanted to go to law school
speaker 1: students exactly exactly but I mean I was kind of at a point of of going well gosh I'd have to go to law school in Jacksonville instead of Gainesville and kind of have my bomb be home schooling our kids while I'm taking classes but you know what you're looking at is maybe in like outside of the house full
speaker 2: time yeah
speaker 1: yeah and then and then of course in the three years following that I'd have to be working you know in order to make that time have been worth it all right so many ways right there looking at getting my real estate license again because that provides the actual like worked our flexibility great that I was wanting when I was looking at being a lawyer cuz I was looking at the fact that a lawyer could work twenty hours a week and make $50,000 a year but that doesn't have the scalability of saying this month I need to ask you know only work whatever five hours a week and oh my goodness this month I better just buckled down and worked seventy hours a week I think I think real estate agents in the right place under the right realtor can can do that kind
speaker 2: of thing yeah there's a guy that he liked but I can tell you about that kind of hesitant to schedule like that that's pretty much I like your idea about doing that as a lawyer probably would not work very well because I don't think you can take the cost of a full-time lawyer and just as soon as we get half that working at the time I think
speaker 1: the problem I would just to it I've looked into any I'm not talking about being flexible I'm talking about being consistently part-time right and that's what I'm saying is is I could say I'm going to work twenty hours a week but then I would be stuck like having to work twenty hours a week no matter how much my kids need me and no matter how much money more money during a certain months like it's you know what I mean in probably without vacation like it be it'd be a tied down kind of thing which again I'm talking about the first three years being in school I'm not making any money for that so you know what I mean so that that fifty thousand a year is really twenty five thousand a year if you have or you know the first six years of it yeah whereas I'd be way better off just like working as a real estate agent from the get-go because that takes virtually no time to get started at it and probably exactly exactly I
speaker 2: think you'd be a great lawyer but I have more choice that
speaker 1: to honestly know I would have enjoyed being a lawyer but I mean that's in and just so you know kind of going back through the course I'm feeling a lot of sadness about how you shut me down last time I was trying to get my license yeah you were you were building a whole software program to find distressed property targets and you were coming up with like yellow letters systems and mail out and you decided that me having a license would cause you to have to disclose that off and you thought that having to disclose that to the distress sellers would somehow like change your image in their eyes and make the deals less likely to go
speaker 2: through I was wrong about that aspiring
speaker 1: yeah it is I I was making pretty big sacrifices in terms of like my time and I had like I was pregnant and breastfeeding and had little kids and having to keep them out of your way while you were open up all of those systems in addition to like studying for purchasing the licensing exam and I actually went through the entire course and I just didn't take the exam based on you know you saying that that would hurt your business I'm out of town that I'm
speaker 2: sorry thanks
speaker 1: and like at the time I was you were you know kind of talking like oh in order to be a good real estate agent you have to put so much into it and I was dead he met Sean gossett's house I was explaining how I thought I could just be a good buyer's agent like if I only work the buyers end and didn't have to manage listings or be aggressive in marketing or you know all the stuff that goes with listing a house yeah and you kind of Pooh poohed that to you say well what's the value of a buyer's agent and that's not really something that's worth anything to anybody and the real value of a real estate agent is a seller's agent and Sean and I were kind of Defending it going though there's real value in being somebody on the buyer that you can help negotiate things and get the right stuff into
speaker 2: place hey completely agree with that and I don't know what I was thinking at the time but my perspective on it right now having but they didn't do it talk spoken with agents and I think that it's more significant profits of a real estate agent are typically in the same month oh yeah
speaker 1: I would agree with that that's where you make more money for Less effort to be
speaker 2: released I think most libraries the role of the buyer's agent as a marketing gimmick to give additional listing the rationale for doing that. I would be happy for you to do whatever yeah and you'd be really good at that
speaker 1: yeah so I my real estate investment that I thought would be kind of low-risk low investment at this point was that
speaker 2: I don't know what you
speaker 1: call it demolish and sell a buildable lot but it sounds like with what you're saying about the market this is a bad time for that
speaker 2: I think yeah yeah I'd be nervous
speaker 1: cuz you're speculating you're speculating that they're going to want to do a new-build at the same rate that they're doing right now in six months and you don't know that they're going to be wanting to do it in six months like they are
speaker 2: right now although I don't think it takes that long necessarily to the Polish a lot
speaker 1: but yeah and I was also I don't know specifically if you can get a lot that has like a oh say like a seventy-year-old single family that is I know what you'd call it you know not necessarily salvageable but it's stone that you're but it's zoned for a mobile home like probably I don't know how helpful that is 2 people who are who are the type of people in Yulee who would go to the mobile home lie and buy something brand new but I would putting it on an empty spot right
speaker 2: now I agree that something that I really don't know that much about it so I would call it Building Department at the county and make sure it's got used but something like that cuz I I would think that they would be motivated to prevent people from to make mobile homes and a lot of areas where they're doing
speaker 1: yeah well but but I guess what I'm talking about is V being smart enough to look for the gashes and me being smart enough to like go through all of the steps if the value is a value-add to the uneducated type of people who are going to buy a new mobile home in the first place. They don't have that option they don't have the option of shopping dilapidated single family home as a place to put their brand new
speaker 2: mobile home sure like
speaker 1: I'm making a lot available for that that otherwise wouldn't have
speaker 2: been oh yeah I am interested to are you aware of the fact that your parents are thinking about getting Jeremy in place no that has that they had me go look at it was like probably not worth renovating yes their idea was to put him in and have him do
speaker 1: the work over
speaker 2: time which I proceeded in the antenna in the girlfriend hello I say that I have no clue those two are either you can still together or not but yeah I mean like a terrible idea honestly all around like the house and seem like it was worth doing anything with and then I can't imagine that Jeremy would be able to do that project wage and if he did it would take literally years yes don't know that I would trust him too really yeah and it was like so run down that I just wonder about I don't know I don't know what the deal is with Jeremy but with him being involved in that drug culture and everything I just wonder if you put them in a terrible place like that and if it doesn't deteriorate you know what I mean
speaker 1: yeah I don't
speaker 2: know I basically I was bad idea to do anything with that how I'm going to tear down so I thought it was dead yeah has multiple slap cracks and part of it with both grade and the floor was all rotted out and caving in and just been laid off that did anything like that yeah top tear it down it might be a perfect study for what you're talking about honestly what's kind of out in the country how much was it I think he said he wanted to try and get it for like seventy-something oh okay and had a couple of nights out buildings and seemed like a pretty decent I've bought
speaker 1: so yeah the place is looking at though that was given me the idea was twenty-six thousand for like an acre for like an acre and a half
speaker 2: in an area
speaker 1: in an area where an empty acre goes for
speaker 2: $60,000 yeah I like that you know and I don't know whether I definitely like it's
speaker 1: got I don't know whether the devil cost $3,000 cost
speaker 2: $15,000 to fifteen years and
speaker 1: then and then obviously I don't know like you said the guide shows up the building codes what you're able to do with it
speaker 2: after yeah
speaker 1: but still I just I think being being willing to do that part of it that other people don't want to mess
speaker 2: with yeah so
speaker 1: worthwhile you know MCG is always looking for teardowns but they wanted to be within like two miles of downtown Fernandina but yeah that's how they know that they're not taking on a big risk because the
speaker 2: location I just think it'd be a perfect lot yeah right but I was thinking like that'd be a perfect lot for if I wanted to try American Classics business model on my own you could get that law twenty-five I built one of our houses on it for 60 or 70 and end up selling it retail for I don't know questions do I bad but I always
speaker 1: usually I don't know I don't know if people I mean I'm talking about like the you know like animals neighborhood like I don't think people 200,000 to live in that neighborhood no but maybe
speaker 2: it's for a nice new house 140-150 they'll be making like fifty for one house yeah
speaker 1: yeah and it doesn't take very long time talking about a year-long project and I can list it myself like Marie whatever my realtor realtor would appreciate the
speaker 2: income yeah all right Mama I'm about to have to go talk to my vendors I just got tonight
speaker 1: foresight okay
speaker 2: I say that doesn't sound out of the question but we'd have to very get an investor or you are doing or something and I think we haven't done there's a lot of you say low-risk there's a lot of parts for that that we haven't done before I personally would have categorized that it's
speaker 1: low risk yeah no I would consider that type of risk yeah well I would consider that high risk high high risk I yield oh did you do what I asked you
speaker 2: last night I have not done that yet but I will do it today okay
speaker 1: maybe maybe really should get like a notebook for writing down and like I don't know what you call them assignments people give you yeah and maybe like a designation just for that
speaker 2: notebook that's a great idea okay all right I love you all right
speaker 1: bye-bye