Note Investing Kicking off 2022! Goals and Upcoming Guests | Real Estate Notes Show

hey what's going on 2022 mr nathan turner i'm dave puts from jkp holdings how are you doing man really good really good it's nice to be back nice to be back in the office getting things back to the normal schedule and everything i look forward to that yeah it's it's different same but it's almost like we took a pause for a little while and came back to all this and i'm not sure i felt like kind of out of shape for a little while it was kind of weird yeah even silly things like i i went to go log into my bank and i'm like what what's my username i don't remember my username i had to ask my wife and she's like and she told me all right that's it yeah yeah so it's interesting we we we got into talking with dave poglio before we went live last month about things um and i wasn't sure what to expect with the 2022 coming up and there's been a lot of questions about are things going to be different same what's going to happen on notes all that good stuff um what have you found for you what has changed for you what's what are you seen um i think it's interesting actually just yesterday i was looking at uh i think it was a ds news article or something and it was predictions for for 2022 and right the the first sentence in the article was that it was split down the middle half said it was going to go up half said it was going to go down so i quit reading it i'm like so so nobody knows is what you're saying so so i'm not going to you know get wrapped up in what if and who knows and you know there's no point worrying about it uh i am i you know i've got my own opinions and they're my own opinions and i could be wrong and but that's fine i'm i'm just gonna keep working and doing what i'm doing you're on mute hold on you're on mute so are you gonna be adjusting anything you're doing are you gonna do anything different than you were in 2021 um yes in fact uh because and a lot of it has to do with the fun um with my fun structure i am going to be looking in and purchasing and running a lot more performing notes uh where in the past i was more just only focused on purchasing non-performing yeah and uh now i'm i'm much more interested in buying some performing notes as well and so that's that's a change yeah tied to turn with that you know i don't think i ever thought about looking at performing notes as much as i did now than ever before right well then it for me it was it's more the structure change and because now i've got a term on my fund it's five years so i have time um you know and the performing notes in that time just helps with all the all you know paying the investors and paying for whatever all the different uh expenses that come along with funding yeah so we're going to get some comments from cindy uh about the beards going on um mine uh to be uh personable mine's uh i'm losing a bet or lost a bet uh we do a football bet every year and then anyone that um the giants don't make it and we know it's buddies teammates and diners the other person has to grow a beard so they lose so we're hoping dallas i mean his first time probably rooting for dallas but we'll say mine's just lazy let's see does the office care if i shave or not nope i don't think so yeah no actually my wife actually likes a little scratch so yeah hey make the life happen so we're here 2022 hopefully the world of covet is changing um hopefully what we know in the past is adjusted and a lot of things we've been talking about for the last year is finally gonna come about yeah right we're finally gonna find out what is happening when's it gonna happen and all the prep work we've done and preparing for it hopefully will come about shortly hopefully yeah and it may take a whole year for that to to kind of played out but it'll be interesting to watch and just to see and i'm i'm i'm more than nervous i'm more curious to see how everything plays out and you know whichever way it goes um i plan on making money and i don't think they're being in trouble yeah but you know more loans on the on the market you know on the one hand it's it's hard and sad for a lot of people that that represents a lot of hard times on the opposite side and that sets me up to be able to help a lot more people yeah you know what we found and reason we do this guys really to kind of help you guys but also helps us connecting yeah when when conferences were kind of closing down and things weren't available this became our way to network and connect um and we connect for different reasons we learn things we enjoy doing these because we learn and we interact we network um so i hope you guys see that hopefully we would portray it right and today's discussion is all the about what our plans for 2022 is and what are some of the upcoming topics we'll be discussing so we got some cool stuff coming up um and always as it was told check out the youtube channel this all replay will be in our facebook group um shortly but we're talking about note investing and the adjustments being made right um like you said before performing notes is something that i don't think many of us actually even looked at too much because it didn't make sense we want the home runs yeah and i think some of the adjustment is due to pricing right if we get back down to 20s and 30s and 40s or whatever we'll probably readjust back to that non-performing world more quickly yeah definitely and i that is definitely a factor the margins aren't as big as they used to be and and not not to say that it's a dead business at all right but but the margins are not what they used to be where where you know home runs were abundant uh now it's more you know the singles doubles and that's that's mostly what we're seeing yeah um with non-performing do you have anything that's going crazy right now any bk situations not performers that are starting to open up um oh i've got a variety of different things i the getting back into the foreclosures i is refreshing um it's been frustrating having everything stalled for so long uh so that's nice i actually have uh actually i told you about this the other day i have to go to court next week and uh i up until yesterday i was getting ready i had to rent a car it's down in connecticut i had to drive five and a half six hours something like that i just found out yesterday they're doing it virtually so which is fantastic so i can attend awesome just from right here which is great um but but that's an example of one that was held up for months for an entire year yeah where i couldn't do anything and now we're finally being able to move on which is nice yeah and granted understand the fact that all foreclosures weren't locked down during this period of time right it was some courthouses and the the memorandums were about the federally brand loans right we could still the problem is the court system were slowed down right everything was on pause with the local county stuff um and teaser for what we'll be talking about a month now or so but these kind of facets kind of are starting to open up right courts are realizing we can do virtual right foreclosures right um understand when there's contestants like that and there has to be some kind of trial that was a totally different conversation um yeah and what now it's gonna be interesting to see how how everything changes because we've we've you know pretty much universally we've figured out how to do a lot of things online uh so how much is that going to continue how much are our whatever court proceedings i don't know yeah pick one but there's so many things that we figured out how to do online is that going to continue or is there going to be some kind of a hybrid system going forward it'll be interesting to see how that goes and i don't know is it people is security problem is it people just not liking the adjustment to technology and like i want to go back to old school yeah um i don't know um but i'm hopeful that this virtual world happens i found personally that these court systems are much more efficient oddly enough that when attorneys and judges sit in the same room things end up being longer than they need to be yeah where a zoom call they can get things done much quicker right so we've dealt with some bk situations where trustees are balanced and so what that um and we have some situations where evictions are coming on hold so that kind of stuff sucks um but i'm gonna tell you what you know we always look for the tide where is the tide turning what adjustments are you making because we can sit here and complain about things or we can say okay what angle can we play to make this thing successful for us yeah so how about you what changes are you guys making we're we're doing more performing world but what we're finding is everyone's complaining about assets and not finding a deal and all something or they're fine deals but not enough right they have so much capital here yeah and what we and oddly enough we stumble across this is that we're running the people with capital and they want to deploy it but they don't want to play it for you know 10 years they don't want they don't want a performing note that they watch out for but they're willing to to take a much lower return and in turn you know get a one-year cd through us so we're turning towards that a little bit um and then we're also looking at different aspects we bought some commercial notes which have turned out to be very successful for us and we're branching into a commercial world um we're worried about what to do with a commercial property but we're finding out quickly is that because we're not in the commercial world we don't realize what demand there is and we have a property on listed right now and within the first couple days we've already got full price asking offers by three or four people already and am i shocked because who's going back to work it's just what it is right very interesting so commercial has been now an avenue to explore and it's understand guys that commercial paper is a little different when it's bank originated than if it's owner financed so for us that's where i'm seeing myself kind of angling a little bit towards plus taking in these people's money and and helping them get out of a one percent saving account or even better here's the cut out of the bag how many people have roth ira or traditional ira money sitting there in an account making zero dollars right we're talking about this in our investment community our weekly mastermind if people have money sitting in a roth or even traditional making zero dollars because you can't put into whatever why not take some of that money and if it's only five or ten because we're off limits yeah put that and give it to an investor and make some money with it even for one year you can buy a partial or you can lend it so just be careful with jv right we talked about that before yeah when you're looking for yes we have a video on that take a look at that with uh you know on our youtube channel but what are you doing with performing notes how are you angling yourself because one of the things we'll be talking about in the coming weeks is pricing and bidding on performing notes are you buying seconds first where are you at i'm first so let me just say this before we get into that so we're talking about commercial um one of the guests and we'll talk about this later and figure out a date uh but somebody i met actually just last week that does hotels she purchases hotels she says she's finding more and more hotel notes uh but she doesn't know anything about notes so we're gonna help educate her and she's gonna educate us about hotels so that'll be interesting cool yeah that should be fun um as far as the performing stuff goes it's i think one of the most interesting things and i know you've talked about it before and i've talked about it before is when you're purchasing you can't just go off of unpaid balance uh you have to take into account what the payment is what the interest rate is that interest rate is a major major factor so that's a that's a big thing to watch out for um because you might not be making as much as you think you're making based solely on unpaid balance or even payoff balance for that matter yeah so make sure you know your numbers if you don't know how to use a financial calculator learn how it's essential to this business and it'd be absolutely essential so that's a that's a big one but we're just buying first um i understand seconds and i i get where that the attraction is but i i'm more comfortable in first it's something i know better and i think just stick with that cfds as well and comfortable with those so i'll continue to buy those we're we're staying away from cfd as much as we can just because we just don't aren't comfortable with cfds right but doesn't make it a bad sweet and we you know or what not but we're also looking at partials right so if anyone out there has a performing note that they're looking to recoup some money on let's talk right you know nathan and i reach out to us ask us right can you buy a partial we're buying five or six right now we're some are short-term some are long-term um and it makes sense for them they're looking to recoup some of the money um some of the deals were originally just recently originated where i'm not really looking to buy paper that's wet meaning the wedding signature but if that is that confident in the situation then why not allow them hey listen i'll buy the paper for a partial on it right three years four years five years and make a net return a decent net return why not yeah um and what pricing with notes are right now it makes more sense and i can get more capital it's not a problem but it's that angle right so performing notes is very attractive so if you have those right now i understand the premium but look towards the partials way of doing things as well not only can you sell a little bit more um it's some you can get the tail end of the stuff right so then when prices are changing later you get that asset back right right and for those who don't understand partials we can definitely do a webinar i know we've done before um but also take a look um we had uh um tom tom on um henderson we had tom henderson on take a look at his stuff his master the numbers he runs are a little old-fashioned but his knowledge and experience and what he talks about is outstanding we had a webinar with him a few months back take a look at the youtube channel and you'll find more information about that and yeah if you can wrap your head around the principles that he's teaching then just apply those principles to whatever deal you're working on yeah it works you know there's there's all kinds of yeah and that again it goes back to the to your your time value calculations your financial calculations understand what pv and pt and all that good stuff is so our coming couple weeks are going to be exciting right um we're going to be doing bi-weekly webinars we make if we can get in a weekly when we will um things just really crazy right but we have some awesome exciting topics that could be coming up um we have smitty coming on uh in two weeks he's a newer new investor i know he has some training program out there which is awesome um he's a newer guy that came into the field and his character is awesome right i think that's one of the most attractive features right now is his personality yeah yeah he's got some really cool marketing things out there and so just he's a cool guy shout out to shout out to smitty i'll make sure we get him up for sure so um so with that i think for me you know bringing on someone like that helps those people who are newer kind of just connect and feel it and it let him explain a little bit about what his struggles were on getting started um there's all different ways of doing this business yeah um it doesn't never hurt to learn a different strategy for sure i was talking to a guy just yesterday actually who uh i met just last week and he's talking about um wanting to get started notes he comes from banking background which is great so he understands the world of notes to a pretty good extent so he's looking at getting started and so you know we discussed some of the some of the challenges that go along with that some of the you know positives and negatives and everything and that's you know one of the things that i was saying is you know if this was five or six years ago yeah by a note it doesn't matter what you pay for it because you're not going to pay so much that you're going to lose money you'll be fine yeah um today you've got to be a little bit more precise you got to be a little bit more careful than you would have just a few years ago just because things have changed enough those margins are slimmer and if you do it wrong you could you could go really wrong so make sure you know what you're doing yeah we're talking about this again in our mastermind weekly is one of the investors were like listen i don't know what i can do wrong or right can i just jump in and get dirty you can what is the downfall of getting dirty losing your money sure as long as you stay on the legal side of don't be reaching out to borrowers and harassing them right don't get anything illegal but if you buy a bad deal and you cost up to education it's not a terrible situation and you'll learn a lot and it's honestly it's unlikely you'll lose all your money yes i just lose some on that deal yeah but again yeah chalk that up to get education and now you've learned now you know how much better are you gonna do it next time the very first scary yeah it's always scary absolutely so the first this you know same principle the first time that i flipped a house back in 2006 uh i profited three thousand dollars like you know just just over break even the second time i did it i made 20 you know and learned how to do it so now i i got that on the formula and we did that several times over back then and yeah same thing you know you might make a little bit of money you might lose a little bit of money but you've learned a lot you know one question i've been getting recently a lot is from newer investors escrow right they're coming from the real estate world like hey who's the esco agent here i'm going to wire this money to a guy in canada to buy his note from him like that makes no sense i i guess i've never thought about that yeah no i've heard i've heard of people using escrow for notes but it's rare but it's really rare you know by far the most common way to do this is yes you just send the money and you get the paper a week later and you're just you know sweating the whole time your first time for sure especially if you don't know the person that's you know it's a pretty small community ask around uh that's the key trustworthy i think is you know we had an investor eric tatson you think guess last night this morning was like hey listen do you know this guy i'm gonna buy a note he says he doesn't use escrow is that okay and i know the person absolutely right if i know the person is not good i'll just keep my mouth shut but they're good like that move out for him right i know that person is good i know that person trades and buys and sells not a problem great awesome so yes escrow doesn't often happen in space not that you can't it's just not common but if you want to sellers won't have a problem with it typically it's not an issue right probably yes so with smitty coming on a few weeks that'd be really cool for people to learn how his process has been he's bought a few notes now and he's got that first steps under wraps yeah and then we're gonna get into some more serious heavy duty stuff i think great we're gonna bring on joe kennedy i'm gonna hit him up on uh on here to make sure he uh um so joe has been doing notes for a while right and joe's been a situation where he's doing all this stuff and he understands the higher level of investing and he gets frustrated like we do when people just don't do the math yeah um and they bid based on all kinds of stuff yeah bpo upb what percentage which one's higher just lower and it's just you get frustrated um and i think for me it's lack of knowledge lack of getting it right right and it's uh that can be totally frustrating because what happens is they outbid me and number one i'm frustrated because i didn't get the deal number two i'm really frustrated because that guy's gonna lose money uh because he over bid and there's no margin left and it's it's not going to work out well and it's so it's it's a lose-lose all around except for the seller but then anyway right and again you're right the only person losing it and the deal is the person who bit on it and there's people teaching still this this premise of stair steps and percentage of and there's so much more going to it so i'm definitely encourage you guys to i'll post the uh link if you haven't seen it we have events inside the facebook group as well as a facebook page where you can go to and review what events are coming up right so definitely take a look at the events sign up form and you'll be able to get this streamed live the youtube channel will also have them recorded but josie be talking about numbers now i've seen a bunch of posts about yield versus irr a field versus roi roi is a very simple term yeah and yields a next step level above the roi and then we get into irr and xir which are a completely different thing and i think a lot of people will learn new things about investing when listening to joe um you may have to re-listen that because some of them it's gonna be a math thing but understand this game is all math these are numbers and your returns are based on math so tune in take a look at that and i think for me joe has that old school mentality yeah yeah now it's gonna be good to uh to have that as a video so that people can go back and rewatch it and learn learn how to do the math because that's what this whole thing is yeah so with roi i understand the concept guys so just so you guys understand roi typically means it's just a p and i times 12 divided by purchase price for p9 times number of payments divided by purchase price it doesn't do any good math right it's better than doing your percentage vpp don't get me wrong a little better than that but then you get into yield which is your interest rate right that's your coupon rate and then we'll explain during that video why buying a yield is dangerous uh not dangerous but doesn't actually represent your true returns we talk about this in our weekly investment facebook group um and whatnot so and then the last thing is talking about irr ir is a completely different topic and it's based typically based on if uh payment strength and what the payment string is and xlr is the to change them payment strings if numbers go up or down so in our space that doesn't truly matter because every payment is usually the same um to skip a few months but um it shows that kind of thing um so we'll talk to you about the last one topic a minute let's answer a few questions we're getting um you know cindy had asked about uh bks um have you seen have you seen uptick in flowers filing bk i haven't um i i have a few bks that i'm i'm working through in fact it's funny it's going through my mail uh yesterday and i had three different bankruptcy letters yeah oh okay sure and i i figured it was just triplicated one actually this for it was for two different one no it's all three different ones there are all three different vk's that i'm dealing with i just happened to get them all on the same day so i thought that was kind of funny yeah but i i haven't seen an uptick those are ones that i had purchased as bks before no i you know there hasn't been a huge amount of default with the performing stuff which is also an interesting thing all in itself and why and why not and all that kind of yeah so that's that's been interesting it's cool next question paper stack right it's a node exchange out there um it is amazing right they have assets on there um i buy and sell assets i have a little spreadsheet right they expediate some of the the technology side of no investing have you bought or sold on paper stack i've sold yeah and i like it actually um yeah it's a good platform just to for for anybody looking to buy or sell it's especially good for somebody who's new and doesn't necessarily know the process because the buy sell process is is a process in itself and again it's not real estate there's there's extra steps in there that have to be taken and paper stacks done a really good job of really kind of outlining all those steps and and you can't proceed with the transaction until that step is done and then in the next step and that's been really great again especially for people that aren't new to it and haven't done that before that's uh yeah plus yeah for me um i haven't bought on there um [Music] i often find those you know i'll get the deals before they get listed on there and some of that um but i definitely pull it right one of our processes is i pull the information and we run our analysis on that um and we put that into our portal which hopefully the next time we talk we'll be live we're our due diligence portal where you can automate your data scraping you can automate you're finding your agent local agent on stuff all that can be pretty much automated and this conversation about bpos may change dramatically hopefully um where i don't use bpos at all um and i explained that before and we'll go more into it once i go live um but i think for me i grab that data i run the dallas data on it meaning is it listed for sale that's a huge thing for me is it you know has it been listed for sale in six months um what's the bedroom bathroom what are arvs meaning what's after repair values and what are different websites and services saying the value is um because bpos really don't do justice and then it goes into the fact that you know it's a good place because most people know about it and the process is automated right there's a lot of electronic features that of signing documents and and doing all these kind of you know quick easy things that makes it easier for the experience as well as novice so yes i'm familiar with it as well um we uh last year we had them on to do their their year review uh so i'm actually looking forward to doing that again this year yeah that'd be awesome is the 2021 review so um and then david just made a comment in the facebook group about that he got tom's uh notebook yes um you're gonna have to probably read it um he definitely does live videos uh we're talking about in the group the other day um i listened to the first day it was four hours yeah it's a lot right um but i guarantee you your brain will start changing about things because you can play with numbers better than a lot of people out there once you understand new concepts yeah actually i just got download uh for the two days so i just i got that downloaded to my computer i watched the first statement on the second so i want to go back and re-watch everything and just again brush up because it's a lot of stuff he's been doing it a long long time so it's it's good to see how it works and his live videos there's going to be a couple more um you know um conferences coming up we actually will be inside of our due diligence portal they'll be in the resource section upcoming note conferences so feel free to log into the portal and you can see noteworthy is putting one on um you can see tom's updates whenever he's gonna do one that being there it's all in order from higher level conferences to lower level conferences you can sign up there's a link in there you go to it it'll tell you what conferences are coming up and if you could just be a fly in the wall and listen to some of the stuff i'm going to tell you the first time you sit down and listen to tom you're going to be confused you're not going to understand it you're going to have to replay it or you're going to have to go back and write things down take notes um i first time i watched tom talk i sat there with all the confidence in the world and then then didn't have a pen or something on me and started taking pictures of my phone yeah just excel spreadsheets he's showing so yeah yeah so we've got actually so dmes yeah uh noteworthy's doing one and paper sources back on as well yeah so yeah we actually have it again on the portal uh if you ever want to see more about that against uh if you log into the portal and then i believe it's like portal.jkpholdings.com note underscore conferences go there you may have to log in just because it we want to make sure anyone there is legit and there are people but you're going to see the dme is on there um there's a cash flow coming up real soon um the cash flow will be ran which will be i believe it's coming up uh at the uh the beginning of february yes february 3rd through the 5th uh we also have uh the dme which is in march the new year's imns toms things in may and then we have mba stuff which for most people that's gonna be a little bit higher level so to understand and the experience level um is actually inside the portal as well so we want to make sure that you know you go to the conference that makes sense to you please be sure that you don't walk into an imn or an mba and you never got notes you're gonna get lost quickly yeah yeah it won't be worth your time or money they're more expensive so make sure yeah it's level appropriate yep uh i'll put the link in the in the comments into the uh page on stuff yeah yeah so uh and we'll keep up there if there's a conference that we missed feel free to let us know we'll uh just tell us so cool so our last upcoming event which we have more coming up we're going to talk about tax liens this year ramps up and all kinds of different things um we're going to schedule them up so keep in tune with the events page of the facebook group um well what one thing we got going on too is foreclosures are often the most costly and the longest process of our node investing so are there ways to expediate that process and make it cheaper possibly so coming in into february we have an attorney as they come on they talk about filing in federal court we'll see what that looks like we're being told that federal court can be up to two-thirds the speed as well as two-thirds of cost some entry conversation we've had um typically the borrower can't hire a regular joe defense attorney they have to hire someone to understand federal court and federal court doesn't play games so we're gonna learn a little bit about that i think it's come up in february into february um it's dialed in so all this stuff's coming up and i'm excited because when this whirlwind of stuff happens or if it doesn't happen we need to be prepared for both situations and have all the tools we can in our bag to be able to use yeah yeah yeah the more information you can have you never know when it's going to come in handy every note is different every situation is different you've got different people in different situations and and the more you know it the more you're able to draw and you know pull in the information or the the strategy whatever you need at that time yeah so it's all useful and we're gonna be like i said taxing is another topic we'll probably get out into and the reason for tax liens is a the investment side but also understanding from a note investor when someone buys a property tax lien how do they react to us how do how can we approach them because most time i can't negotiate with them because they're getting 18 or whatever percent they're making on that tax lien right so we're gonna talk about that um so we have some really cool exciting things coming up um again everything will be recorded everything on youtube um and everything else so if you have basic questions you can take a look at the training program but i encourage you to post in the facebook group and ask these questions right nathan and i are always there just ask a question you're gonna get a response from one of us or another experienced investor there's so much to be learned in so many people to learn it that understanding that the network is your best tool yeah yeah it really is and and you'll find as you talk to different node investors note investors are open very very open and willing to share and and help and whatever so don't you don't you know don't hesitate to go ahead and ask your question because it's not like somebody's been like oh no i'm not going to tell you that the only thing really the only top secret information is where do you buy your notice yeah what do you write your notes and how do you bid on stuff right what's your numbers right um is that so we had one question from vanessa um about our the paper source journal that's i don't recall exactly what it is i remember seeing the name before i think it's the like a newsletter that they used to put out i don't think it's around anymore i'm not mistaken not sure if he's still doing it or not i i looked at it years ago i decided not to to get the subscription at the time yeah you know i don't know if it's still around i don't think it's very expensive yeah i remember the reason i didn't want to do it i just i don't know just didn't i'm doing a quick google as we talked about this could i yeah i'm just trying to remember what it was um i know that um well vanessa if you see it feel free to um you know tag us all stuff it looks like uh we'll definitely dive in and see what's about um and explore it so for me 2022 is just another step in the stone right another way i'm looking forward to meeting new people new angles new direction right how learning about foreclosures in federal court to expedite my process um learning about more this commercial side of things and you know a note that we bought recently well i'll share details with a home run for us that just came across a desk and was a commercial deal um being open to opportunities and have the network to bouncing is the key here in connecting yeah yeah absolutely i i hope that everybody takes the opportunity at the beginning of the year and you know i was thinking about more and it doesn't have to be january 1st it can be february 9th just you know any random day can be the beginning of new year for you so go ahead and set actual goals write them down i've got mine on my paper here and i keep it up just underneath my monitor so i can see it all the time and i i've got personal goals i've got business goals and they're written down and they're things that i can look at and review and in different areas of life so so i want to clarify this my understanding of goals right because a lot of people have these goals and i i sometimes debate people what that means yeah for me and this is what helps me first off writing them down is key essential right if it's not written down it's a feminine imagination however your goals need to be measurable first off losing weight is not a goal right right losing a certain amount of weight you need to have some kind of yeah you need to have a target date i'm gonna lose you know i'm gonna lose five pounds in five years is not a really good goal right but if you need a target my date i need a measurable amount because if i say listen i'm gonna be better how do you know if you're better or not because i guarantee you you're not going to think you're better as watching a dave ramsey especially last night people really overestimate what they can do in a year and us underestimate what they can do in a decade right so you need to set that measurable goal which is how much weight from this situation and the target which is and then you need to actually set like i'm going to lose this much weight in this much time measurable but also make smaller goals right if your goal is to you know lose 40 pounds in four months 10 pounds in a month and just kind of set that up so you know where you are in your road mark so that in two months you're not looking back going oh crap i didn't start yeah right yeah have your mile markers yeah so i'll give you an example so last year one of my goals i've wanted to do this for a long time but i never took it seriously enough so last year i said no this is the year with with school being as you know more flexible and things like that that freed up my schedule would be more and i wanted to run 10 kilometers which is six miles and so that was that was it so i was starting in april i got a app on my phone at you know a 10k trainer and it just ran me through and there it was three times a week that i go out running and let me tell you you know in july when it was blistering hot at 7am uh i went anyway and i i was so exhausted by the time i got home i hadn't reached the goal yet but i was so exhausted and just cooking hot uh that you know it's not my favorite thing to do not then not at that kind of situation but you do it anyway because it's part of your goal and just commit to it and actually do it so i did i got up to my 10k and i was running 10k three times a week for the entire summer into october and now i've got a rolling machine so now i'm going to row 10 kilometers oh row is a hard thing rowing is a difficult task you know i think that more people need to a have these goal sets accountability partner and someone to call you that candidate partner needs to call you out on things right because it's easy to lack off and slack off on your own situation and i think you need that that balancing partner um for business and personal i'm looking to focus a little bit more personal even in our facebook group is to you know help other people even more and i'll be defined as we go along it could be as simple as you know losing weight right having a weight loss competition is is the motivation it's the encouragement it's that desire but also you know one of the things that i did was personally me was getting out of debt um was a big thing for me um i'm a big dave ramsey fan i think that you know getting out of you know your your student loans your car payments allows you the freedom to do this investing that we all do yeah that if you have all this stuff bogging you down and you're getting in more in a credit card debt you're not gonna get ahead um but for me personally i'm looking to do the same thing you're doing right we're getting older you know i'm not 21 anymore maybe 22 but i'm not 21 anymore and getting back to exercising and getting back to that desired goal you know and shooting for it right time frame so i encourage anyone out there to put even facebook groups what is your goal and have the group the community kind of support and hold you accountable and check in with you um so we're going to be looking to start stuff like that um is his plans for business-wise my goal right now is to to focus on a few things right i want to get more into understanding the commercial side of things um i want to get myself directed a little bit differently set up and we have some personal goals of of capital raising and asset deals um but you got to make sure your goal is set something you can control right i can't say i'm going to acquire 10 deal the next month because it may not work out that way you may not be seeing you can control and and that's an example of a wish yes the difference between a wish and a goal make sure not a wish yeah that's a big difference we always say like if you don't have a target your your dream world right you can't close your eyes and hope to get somewhere you have to have a plan right you have to be measurable you have to have your target and you have to have a plan if you say listen i lose weight and 40 pounds in four months but you have no plan to do it the other two steps are pointless so guys i encourage you guys to hold yourself accountable post in the facebook group or east coast group or jkp group and just let's work together as network not only investing but also personal side of things yeah um i mean nathan will be talking more and more about these goals this year because i find that when i'm held accountable i'm more successful both personally and business-wise um and same with all you guys out there so we're gonna be setting our goals and i'm hoping by our next call next week we have smitty on the call we're gonna actually set these goals in place that we all can be looking back in six months not a year forget a year we need to be checking this in and a quarterly in a half a year basis to see how we're doing so yeah exactly exactly if you're not checking in on it then time can get away from you and you don't know you know what you've missed yeah absolutely well guys as always you can take a look at this on a youtube channel uh if you're trying to learn about notes we have our training program dive into our facebook group um we do have our investment community for more experienced people looking to grow an upcoming will be our portal which should be able to automate a lot of your due diligence and that will be growing as we come along uh nathan and i will be doing this on a very weekly basis stay tuned for all kind of cool events um and uh hopefully you don't get frozen this week it's supposed to be cold coming up this weekend freezing cold big snowstorm on monday they're talking about maybe that's our first day back at school uh they had this week online and they're saying next week back in person but monday might be a snow day so we'll see what happens and we have a holiday monday um but you know it's great that's right so yeah it's gonna be cold uh my neighbor's actually building an ice rink in his backyard for the hell of it awesome so i was just on the i was on the ski hill this morning snowboarding going again tonight with the kids we're going to go tomorrow night with the kids again hit it up as much as we can here yeah so awesome well guys enjoy your weekend hopefully things continue to do well for you guys if you have questions post in the facebook group get tuned in reach out to me and nathan and enjoy your weekend guys thank you take care everybody i guess.