Foreclosure Process Reviewed: 2008 vs 2026

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1:03amigos. Top number one is we are going to be kicked compared the foreclosure process from 2008, 2010 with a foreclosure process in 2026. Folks, there is a lot of shocking details that the crash bros don't want you to know. We're going to talk about that. And then part B of this, we're going to talk about Dion taking over the mantle from Jason Hartman becoming the richest homeless person. We'll figure out what the heck does that mean. But gentlemen, thanks for being here. Matt, you were first. How you doing? I'm doing super good. Excited to be home and here in life. The life is back to normal. Yes. Yes. You've you've left Vegas finally after after nearly three weeks and in got home. So thanks again for coming out. Sorry, the weather was you know, gave you an extra five days in Vegas. No, like in in kid sickness and the whole yeah, I mean, like I really felt like I lived in Vegas for eight months. That's right. Very, very cool. Well, Dion, how you doing, man, we're going to definitely figure out what this homeless thing means. But how are you? I'm doing great. And I'm curious if that exposure to Vegas

2:08has made Matt more likely to move there or less likely to. That's my question. Me more likely, Ashley less likely. I was surprised. And you know what's really funny is now I have each of my kids at one time or another during the course of the week, bringing something up to her about how cool Vegas was. Yes. Nice. And I was like, I'm I said to my kids, I said, I'm not the one you got to work on. It's mom, mom, mom, mom, mom, mom, your family in Vegas. I would. Oh, too. And I would we we everybody, but Ashley would love to be there. And I think it was because we had a few crappy days of weather. And she's like, we get this at home. Yeah. You get this at home. And I was like, but it lasts like nine minutes here. It's over. It's like a lie. It's gone. I said to where I go. So during the flight, I had each one of the kids get out of their seats and go see mom because she had to and I had to. And so the two two of the kids that I had, I said, I had them go over to her and say to her, Mommy, how cold is it going to be when we land? I'll just keep sending you home listings and hear me. How about that?

3:14How many of you are right? There you go. Well, hey, let's talk about foreclosures. I know Matt, you and I experienced just a horrible environment back in, you know, 08 2010. And you've just helped a couple of people through foreclosure in 2026. And the state of difference is stark would be an understatement. Why don't we first talk about 08? What you and I saw up close and personal? What was your recollection from that? It was blood in the streets in 08. Like 08, 09. And it was, you know, it was trying people trying to work out loans. People having to go through the entire refinancial requalify process. It was, it was, you know what, don't pay your mortgage at all because if you pay your mortgage, I can't help you. Right. And then some people were, you know what, pay your mortgage a little bit. And then we can figure out how to help you. And then it was some bankers were saying, or frontline people were saying, no, no, if it just, just pay what you can. And then they were still getting a foreclosure notice because they were

4:15lapping on all the fees. The banks learned a lesson very much. Yeah. One thing I'll say about 08 before we get to 2026. Because again, there are plenty of people with PTSD calling for 2026 to be just like 08. Some people are crazy enough to say that 2026 will be worse and faster than 08. That's just complete lunacy. Yeah. But again, there are other housing crashes other than 08 folks stop having PTSD. But when I remember from the 08 to 2010, and I did a bunch of research on this, the facts after the fact, right. So when people go look and diagnose, you know, 2008 to 2010, if you got 90 days late, the chances of you getting foreclosed or short sale was over 90 percent. Yes. 90. Yes. Right. It was, it was basically, you, you couldn't recover because the banks weren't set up. The services weren't set up. You had different loans. Lots of people's had firsts and seconds and you couldn't get the second to subordinate to the first. And yeah, if you got 90 days late

5:19in, in 08, 2010, nine in 10 times, you lost the home. And frankly, lots of people did it as a strategic default because their mortgage payments were resetting. And that's what really cascaded 08 is, you took a thousand dollar payment, popped the 3000 and you can rent the house next door for 1200, right. So it was a strategic default. So 08 was definitely its own basket of goodies. But I'm curious, you just helped a couple of people through 2000 and 26 foreclosures. What happened? Um, it was unbelievably easy. So I was, I swear to God, it was ridiculous. It was, it was two phone calls. All right. So set this up. So you helped a couple of people through it. So they're, they're, if they're in foreclosure, it means they're late. They, they're, they're not making their payments. I'm guessing. Correct. So they were, they were past a fault because usually it's 30, 60, 90 days. So they were past 90 days. And it was in your, yep. Then you're in the fault. Yep. And then they notify you of your default. Yep. And then they put you in foreclosure,

6:22basically pre, pre foreclosure is default. And then they put you into foreclosure. Exactly right. So it could be anywhere from 91 days to 150 days somewhere in there. So they had made a payment for four or five months. Correct. Okay. All right. Yep. So job losses had led to no payment in four or five months. Or under, it was first under employment. And then it was job loss. Got it. But these are, this is trade, but it's more like seasonal trade. Okay. So, so I see them. They had made zero calls. They ignored every email. Don't do this. They had ignored every piece of mail. They had ignored every certified letter. Don't do this. Bad, bad approach. Yeah. Head in sand. Not good. Yeah. Bad approach. And so they're like, what do we do? I was like, oh, who does all this number? Yeah. Who doesn't

7:22like an entire local kaka sandwiches? Yeah. So just again, after looking at it, it was okay. Well, let's just start off by calling the number and then getting to risk mitigation. That's typically the department that you're looking to get a hold of. Then they have your file. The question is, in one case, they had sent the file already off to the attorneys, which means that that loan is very often no longer in sight to that bank, other than through the risk mitigation department. That's the only one because now they have to communicate back and forth with with the loss, loss prevention people. Yep. It was one phone call to one of them. And it was low employment then led to no employment. And these are on rental properties. And we just don't have the money. And then it was, we don't have the money. We need to find, you know, and I would say to them, tell them, but with springtime coming, you have a number of

8:26job opportunities. And if you don't go to work for a company, it's still something that you can go and you can do on your own. It's still work that you can go do. Yep. Right. As just your own private little company type of thing, or just hire on as a sub with somebody, not a big deal. So even if you're not a W2, you can become a sub. There was no proof that they had a job needed. No proof of income. There was discussion on the rents because the rents were close to, but not the whole entire payment. Okay. In one case, the bank knocked it down on the first phone call, knocked it from a seven and a half percent mortgage to a 6.2 mortgage. Wow. One phone call. All right. Then they took the payments that were missed. They added them on in the back. On the backside. Yep. Okay. But it wasn't just add on monthly. It was like adding on

9:29the amount, then with the same rate on it, if that makes sense. Sure. So it was adding years onto the mortgage. Yep. And then it was, okay, can you make any payment today? And I told them, I said, you've got to have cash that I can play with. You got to, you got to give me something for these guys to have a conversation. But you haven't paid in five months. You should have some cash. Right. Even if you're on a work, you still should have some cash. We basically, with the new adjusted payment, agreed to pay the new adjusted payment, which was also, I want to say the adjusted payment was 25% less than the old payment on the work out. Okay. And we said, well, we could, what would it take to quote unquote, and this is taking something from default in pre foreclosure. Yep. We were able to make two payments and become current. Wow.

10:33Oh, God, no, never happened in 08. Never would have happened. No, no, no, no. The only way, 08, the only way you would get out of that nine out of 10 is you would have to cut a check for the entire thing, which meant probably got a family loan or a 401k hardship or something of that nature. So again, this is really interesting because I think you said up in front, and I want to go back and verify this was not an owner occupied property. This was a rental property. One was, one wasn't. Okay. Because that's also a very unique difference. Yeah. One was a house hack. Okay. Got it. So how, excuse me, a house hack duplex. One of them was the triplex. Okay. Makes sense. And the triplex was not on a rock. So again, they've gone from missing payments for five months. In one case, one phone call, what do you say? Like 45 minutes an hour? I mean, it was probably yeah, I mean, it wasn't a seven minute call, but it was yeah, that's right. 45 minutes, 45 minutes ish. Yep. Yeah. So again, you know, this is even if you call it an hour, one phone call,

11:37you've gone from five months late, you've made a couple of payments. Your next payment brings your current. You take the five months of debt, put it on the back. You got a lower interest rate. Your payments down 25%. The biggest difference I'm hearing in this scenario is banks don't want to foreclose. That is the biggest difference from 2008, 2010, whether you like it or not, banks thought the right answer was to foreclose and they acted like it. And of course, the disaster happened, but that's not happening in 2026. So a lot of people talking about foreclosure notices, all these other things, they don't realize how easy workouts are. Is that kind of your summary? Oh, my goodness. It was ridiculous. I saw people in trouble in 07 and 08 and I saw what they were going through. They were like IRS audits are easier. Yeah. They were getting, it was brutal. And this was a 45 minute phone call. It was no proof of income. It was absolutely kicking the can down the road. Oh, for sure. You know, but most importantly, most importantly, they are smart

12:42and they said, well, what can you pay today? And I don't know if that would have been a different story, but we were already approved for all the other stuff before they asked, what can you pay today? But to go from basically six months delinquent to now it shows it's no longer hitting bad credit. It's now showing as a performing loan for the bank and a performing loan for the customer. The crazy thing is I know that there's going to be morons out there that are going to sit there and say, oh, well, but what you need to really think about is that there was probably no equity in the properties. And so they didn't want a property back with no equity. All right, sounds good. Let me give an example. Property number one has about $75,000 in equity. Property number two is closer to a quarter million dollars of equity. Yeah. The banks could have gone through that process and been like, we're nasty main evil banks and we're going to take those assets and then we're going to sell them off and then we're going to make a bunch of money doing this because

13:45we can fee you to death. They didn't fee to death. The fees were very conservative in my eyes. Even the one that had been sent to the attorney firm, very conservative. And both of them were worked out in a manner of a total of about an hour per bank. Yeah. This again, this is important because again, there's a lot of people being told via one fear monger, doomer, that foreclosures are going to spike and we're going to have a housing crash bigger and faster than an 08. We all know who's saying that. And that's just not the case. You went through two foreclosures phone calls, helped somebody coach them up. And they're now out of foreclosure. It's just a different mindset. We are not repeating 08. No matter how many times this person says it, we are not repeating 08. We will have losses. There will be foreclosures. Life event happens. Yes. But to say this will be bigger and faster than 08 when you just have two real time examples is frankly comical. But let's move on to topic number two. We've got our boy, Dion, picking up the mantle

14:48from Jason Hartman. He's now the richest homeless person. What say you, Dion? Well, before we jump into that, because that was Jason's and he's hanging up the mantle because he had purchased his house and he is no longer the richest homeless person. That's the only reason I'm taking it. But with the foreclosures, I've got three different ways of looking at foreclosures. The first is I have my no goes, my deal breakers for buying a property. These could change in the future, but they're what they currently are. So I email all my agents. This is what I'm looking for. This is my criteria. This is my preferred. This is my whatever. But these are my knots. These are the three things I don't want an HOA. I won't, I don't want to own an rental. I mean, if it had like a little $100 a year because there's a park at the end of the street, I had a thing. Sure. But I don't want someone telling me what my grasp can be and if I can rent it out or not. And I want no short sales and no foreclosures. There's so many investors are like, oh, I want to buy a foreclosure because someone's losing the property. The bank's going to take a loss. It sounds great. And I'm like, no, I don't want to tie my money up for however long it takes the van to put their mind. All the time. So right, it could take a long time. So that's the first aspect of when I'm watching foreclosures,

15:53it is not for a buying opportunity. The second aspect of foreclosures is the law of small numbers. When you have a year or five years ago, six years ago where you could have no foreclosures and they were at record lows, we're barely coming back up to the, you know, 1918 levels of foreclosures we're not even there yet. And those numbers didn't cause a crash. So since we're not there yet, it won't cause a crash. But you can see a 50 perspents, like 100 perspents, a 200 increase and still be record low numbers. And then the other way that I look at it is Matt nailed it with this. The crash bros are going to be able to say, look at the number of foreclosures starts. Yes. This is spiked up so much, right? Well, how many banks are going to be like, okay, you're starting a foreclosure? How do we solve this? So how many foreclosures finishes? But the one thing I do watch foreclosures for is let's say they did spike. They went up 2,000, 3,000 percent and they get back up to 19 levels and then they go up to where I think, okay, this could make a crash, right? I'm still not the foreclosure buyer. What I want to do is

16:55own the properties now that will be the rentals as the foreclosures finish because the demand on rentals went up so high because the people who lose their houses become tenants. So anybody who's waiting to buy the foreclosure will be then competing with everybody else trying to get the foreclosures from the banks, tying their money up, not getting rental income as rental demand spikes. So that's my way of looking at foreclosures and it's not doom and gloom. It's not timing the market. It's I buy a good deal when I find one and when I'm ready. I want to be in position in case foreclosures start to happen again. But the richest homeless person, I think I'm going to do a video Thursday on, I'm financially free because I do what you're not willing to. Oh, I mean, that's going to be amazing. I think all three of us are financially free because we did things. Others wouldn't. I think that's how many people did you work with? How many people did you work with who didn't cut their expenses to 50% of what they were? Not for a long time.

17:58Yeah, no duration. How many people house hacks nine times? Does he? Right. And I know Jeff and Suleika are about to pass you up and take the title from you. They're going on the cruise with us in June, though, on the financial freedom cruise. So that's going to be fun. And so financially free because I house act while I had young kids, financially free because I house act a second time. A lot of my friends and co-workers, you know, saying, hey, you're doing better at work now. You can go buy a million dollar house and house hacking, a duplex in retirement. And so being able to travel while somebody lives on the property, doing a first bird, a live in bird, like the things I'd tolerated to get to here is what people aren't willing to do. And that continues in retirement. There are so many people who would say, I don't want to pay taxes. So I'm going to go in 1031. Well, I have three markets to study. So for at least three to six months, I'm going to be homeless studying these markets to figure out where I would like to move to.

19:02And there are so many people, especially if they've reached financial freedom, to have that mentality of, I've earned it. My life can't take a step back. There's no way I could go live in extended stays for a few months or travel to different states. And so I'm committing, this place is the photographer, but all my stuff gets the trucking company shows up tomorrow to all my stuff to storage and photographers shows up the next day to also be listed. And I'm planning on being homeless for half a year to continue financial freedom. Again, there's so many lessons. And this is why I think this channel is important because we've all done kind of the basic blocking and tackling, but they were different. What I mean by that is the Lumberjack House Act nine times. Bolivia and I lived 50% below our means for a decade. You left a lake house to rent an apartment. We've all made what some people would call crazy sacrifices, but I don't know that other than when I get really kind of sentimental,

20:04I don't even look at this sacrifice. It was like, that's what I had to do, right? I had to do this thing. Or what I have now is there's no outcome like that. What do you think? I think that that nails it is. I don't look at anything that it did as a sacrifice. Right. But I look at it like the sacrifice would be another 15 years of working 60 hours a week. That to me is this sacrifice. I don't see how people say, I can't do this uncomfortable thing in my life to retire 10 or 20 years earlier because it's uncomfortable. How uncomfortable is because, you know, if you're at 50 now, Mike, yeah, it's a lot different than it was at 30 to go put in a 60 hour week. And there's a ton of people who are 30 thinking, well, I'd rather work at 50 than be uncomfortable at 30. No, there's that old saying, choose your heart, life's hard, choose your heart. I'd rather have, I'd rather choose my heart at 30 than at 50. Trust me. It's much better. Matt, what do you think of this sacrifice and, you know, all of that? What do you

21:06think of this conversation? Yep. Everyone has to sacrifice if you want to get there. But there's a bunch of different ways you can sacrifice. What people mostly don't understand is they rarely plan. Or they're plan rarely accounts for disruption. I've got bad news. Your plan's getting effed up. Yeah, man. You know, whether it's a sickness, whether it's a divorce, whether it fill in the blank, it's going to be one of those things, but bad economy. Maybe it's something you're going to affect. Maybe it's something that you can't. People would be smart to live well below their means to start anyway. I honestly didn't think about one bill when I was gone for three weeks on a non-expensive paid vacation other than by me. So it was, and we had to, we were eating out almost every meal because we didn't say it in Airbnb. We said it a hotel. But using status and points that I like to use, I stayed for $5 a night for part of my stay. There you go. Underfall, no taxes, no nothing. It was literally $5.67 was my monthly fee for some of my rooms.

22:13So that was really fine. But yeah, I think too often people don't account for because you can't, you can't account for what's going to come down the path that's going to squeeze you. Mike didn't know that day when you were getting your number, getting your boss, getting your product, you had no idea that day that your life was going to get literally blown up inside of it. Blow it up. Yeah, blow it up. Yeah. And everyone's like, oh, but I love my job and I love going to work. I love my company and they're the best. Yeah, until they got bought by a bigger company that hates you the next day. People just don't get that stuff, you know, or it just finally gets to a point where it's like, I don't think Dio would ever say it, but I'm going to squeeze them on it. I think that when his trucking company had that suit filed against them and the mess that they had to go through and the strain that it is to fight through that stuff, we are gamers. And so we game up to say, all right, fine, you want to play the push around game? I'll play the push around game with you. But just remember, I warned you, I'm not going to be like the last guy. I'm not

23:14going to lay down and take it. And I'm not just right in the check. So pucker up, buttercup. And when you do that, it takes an inordinate amount of energy and mind space to then manage that PS by the way you're going to do the rest of your job too. Yeah. Yeah. The rest of the job doesn't slow down. Absolutely. So when Dion was a jerk just to try and beat me and decided to then quit that day because he had done it. And I was and he had given us no heads up. No heads up. No, no, no heads up. Zero. Just wanted to beat me. I'm pretty sure that was part of his retirement speech. I'm pretty sure he's just said, I'm going to throw a name at and I'm going to beat him. And I can beat him by like six months if I do this. But that strain that we have. And so then going to the life, like Mike, the biggest thing on your play today is where you and Olivia are going to eat lunch. Exactly. That's the hardest decision. That's right. That's the biggest thing on your play today. And Dion is Dion's is what funny quip am I going to answer Matt back with after he finished talking. That's Dion's biggest thing he's got to do today. It is a challenge.

24:19So we just look at this and we want people to have the life that we have. We've got to prove in crack record. All of us are in good shape no matter how bad the economy has been. But people don't understand that you can't play in for these things. So I would encourage people. Dion didn't have to live. Dion didn't have to live the way that he lived as long as he lived. Mike didn't have to live the way that he lived as long as he lived. I could have retired 37. I'd be retiring with that much less. I'd be retiring and still looking at my money every month because I got four kids or 47. I can't remember. We've a lot. We've almost filled the mowing. But this is the thing. And I think a lot of people just don't take that stuff into account. So don't rush to quit your job. Rush to get the income. So you make your job optional. I'll take that a step further than what you said, my or Matt, my all my end friends went it together in my stupid head. But I had a challenging case just before retiring that

25:22when I resolved that it was such a good victory day, flipped the opponent to our side to argue for us like and made the company millions, stopped them from losing millions. And because it was a good day, that's why I quit. I was like, I'll never have an up. I'm peaked. I've plateaued. I'm here. There's no reason to stay longer. I would just be here longer. But when I retired, for all those people who say they love their job and they're staying because it's fun and everything, yeah, I like a good challenge. I enjoyed that case. I enjoyed the months of prepping everything. But even if you take that out, we're under stress at our job that we don't recognize until you don't have the job. Of course. Amen. Yeah. That was, you know, I'm glad you brought that up because I've told the story a lot, right? I go to work expecting to get this next, you know, yearly challenge. And it doesn't go that way. I come home for a couple of days and are smiling. And it wasn't until we took off to Taiwan, like a month later, that you really could feel that daily, I mean, do you, Matt, I mean, you know, sales and Dion, you were the CEO, you know,

26:24it's just that daily stress and just always there. You don't even know it's there. It's just always on your back. Yeah, you're absolutely right, Dion. Sorry. Go ahead. Yeah. No. And with me, it was, it was a sales thing too. I mean, I had, yeah. I had companies that needed drivers. I had agencies that needed people trained. I had people who wanted a job. I had staff that had to be employed. Like there was a tear to every Monday, a new course started. And can I say those things? And in the moment, you're like, oh, I get to train this person to be better at sales. I get to work when I get to do this. But when you walk away from that, I'm one of the people who said, I love my job. I don't think I'll retire late, let alone retire early. And then the weight comes off your shoulders. And when you say something, silly, like I'm going to be the richest homeless person, it's very different to be homeless for half a year. When you have $20,000 a month and cash flow still coming in, you have it. It's hard to feel bad for you. Right. It's you focus on the homeless part. And how many people right now would give up the house that are in, right? The American dream,

27:25you have your house, your forever home. If you could have cash flow and a half a million dollars to go figure out what part of the world do I even feel like staying in and not being tied to, I have to stay here because of my job. I have to stay here because I have to work for two weeks to have the money to cover next month's bills. It's a, there's a whole other world out here. Yeah, I mean, you just brought up something, I mean, you asked the question and my brain went there. I'm like, I certainly could travel the world for six months. But to your point, I could not see selling my Vegas home. That's my home. It's mine. I could not imagine boxing everything up and putting it in one or two storage communities or storage units for a year. That just sent shivers down my spot. It excites me. That's the difference. No, I love it. I know. I know. I love it. It's awesome. Because again, I'm willing to pay that $4,000 mortgage or whatever it is, even though I wouldn't be there for six months. But yeah, it's wild to think about.

28:25Put your points well taken. It's the sacrifices people aren't willing to make. I cannot imagine how fun this is going to be for you the next six months in three different areas. It's going to be awesome. You're going to be smiling like a little schoolgirl. Mike means to say is he can't imagine how annoying it's going to be for me and him to be getting like 17 texts a day with, look at what I just saw. We watch your YouTube channel. We see it there. You share everything there. But I'm excited for Dion. I think it's, you know, he's just going to have to have Stevie Nick. I'm a gypsy playing in the background all the time, you know, whatever is the time he does a video. But I think it's going to be absolutely awesome. You know, I know that you shared where you're looking right. Yeah, but I mean, Tennessee East and Tennessee is first place. So we're heading to like a couple of weeks. What's a national? I'm sorry. I don't know. Is that Nashville? Or was it for Nashville's in center? Eastern is Knoxville. Chattanooga closer to the hills where you got less weather problems. Okay. Nashville's a blast. Knoxville been there too. It's a lot of fun.

29:29They're great places. They're great. I'm just excited that Uncle Dion's going to be a whole lot closer because it's not it's that's that's about a 13 hour drive for us, which is a lunch break for me. Exactly. And it's only a two hour flight. Like that's really like two, two and a half hour flight. That's really easy. I got one quick question. What are you selling or what are you listening? Because you said it's being listed tomorrow. What are you? Right. So I did a self-funded burr that I never did the refinance on. So I'm in a duplex on the water. It's my only up-down unit. The it's a I'm listening for 715. And you've already got two off-market offers. What's that? You picked it up for 399, right? Yeah, four basically four. And then I put like 60 into it. I've lived here for two years. Profitably lived here. I've been paid to live here. So I haven't had a housing expense and coming up on three years. So the IRS 121 rule says 50% of this duplex, no taxes. I'm not going to 1031 the other half. I'm just going to pay the taxes because I'm going to take

30:32a year to buy. If I find a market, I have one other paid-off property. I will sell it and redeploy the funds. I will not be selling any of my properties that have some 3% debt on them. Yes, I'm not immediate. Yeah, let's not do that. Yeah. So I mean, I have no idea what you can get in Knoxville. I'm going to imagine you can get a lot more in Knoxville for 750s and you can't handle the prices in Knoxville are almost the same as Washington. Oh, really? So from Knoxville, I've done this much research. I've got months to go, right? No, you're right. Knoxville is the same price as Portland, Oregon, basically. You know, six to 700,000 per house. You get down to Chattanooga. It becomes a little more affordable. The work is less. So the rents are less. So I'll be still more in the middle. I'm looking at this place called Athens. Okay. And are you imagining another duplex or fourplex? Are you going to just want to go? Okay. You're not doing a 5,000 square foot house or something crazy. No. So let me answer that with a straight face. Yeah.

31:35I'm not a forever home kind of guy. So even if I do get a forever home, the only thing that will be forever about it is I want my animals. This is the first time in my life I haven't had horses, cows, pigs, chickens, all I have goats, everything. Got it. So acreage, that's why I don't want to be in Knoxville or in Chattanooga. So I want some acreage. I have to five to 30 somewhere in there. And it will have a minimum of two structures, two livable structures on it. So house with ADU or two full houses, whatever it would be. Because I'm going to travel at least six months of the year, I want someone living on the property. This is not I need my space. I don't want my own space. I want some tenant there when I'm not there. Just like I have now. Yeah. I would humbly submit an hour to an hour and ten minutes south of Nashville. You can get 10, 20, 30, 50 acres. You can have the acreage that you want. You can get a reasonable home in an ADU where you can even

32:36buy the reason for home and then build the ADU. But you can get that what's really cool is they have a ton of towns that are unincorporated. It makes it unbelievably easy to build. Very, very easy to build. And no one ever shows up unless you need the cops to show up. Yeah. The cool thing is it's much more, I think yours and my lifestyle, like being able to be out there and just enjoy the land and enjoy space and enjoy animals and just being able to do your thing. So yeah, an hour to an hour and 15 minutes south of Nashville, the taxes are much less. Everything is much less. Gas can be like 65, 70 cents a gallon less than that for ourselves. Taxes is the top second reason why Tennessee won the chart of where to move to. Yeah. Yeah. We looked about, we looked 10, 20 minutes outside of Nashville. We looked kind of like 45 minutes outside of Nashville. And then we looked the hour 15 and

33:40hour 15 was really like, okay, this is all legit, basically farms and things like that that are surrounding us. You can have everything you have. No one's going to get pissed off if your horse ends up in their yard type of thing. So yeah, we love that area. And the big thing is it's like you can buy 100 acres at a few thousand bucks an acre. So have you shared the other two cities after? Yeah. So the other cities are southwest of San Antonio, Texas. Okay. All right. So just outside there's there's Castroville and a little bit further out there's Hondo and there's probably a bigger one out towards Junction. Okay. Texas, mostly it's weather and conservatives that draws me to that area. Texas is not so great. They're higher than Washington a little bit. Not a deal breaker. And the other one is St. George, Utah and the Southern. And it's kind of looking less and less as I do more weather studies for that. All right. So it's Tennessee or Texas. Both are both of those had zero state income tax, right? Zero state income tax. But pretty high

34:45real estate tax. Texas is real estate tax is like Washington. It resets over here and it's it can be 2.5 to 2.7 percent for a tax. That's that's where Washington going. Yeah. Okay. And Tennessee is like 0.07 on the high end. Yeah. So nothing. They have the sales tax. They've got the income tax. But they also have taxes. No income tax, Tennessee. But Nashville has like something tax. I don't know. I don't know if it's like a city tax or I just found out about Washington's excise tax on real estate. Yes. 3% no matter of the sale period doesn't matter if it's capital gain based on your basis. You lose money. If you lose money. If you sell a million dollar house and you take a million dollar loss, you pay $30,000 in taxes. Thank you, Washington. You got it on your way out. Oh, I'm voting before I leave the one that little red check box. But yeah. Well, this this is good. So again, you're taking off in a couple of weeks out to Tennessee. So

35:49we'll be doing this show for a month, the six, eight weeks in different spots in Tennessee. It sounds like I'll be hunting for the best Wi-Fi. That's going to be contributing to where I end up going. In Knoxville and Chattanooga, there's not going to be a problem. Yeah. Further out from there. Might be a problem. We have to get you a star. I just want to see how committed Dianne is to this manly trip or this this road trip. I expect to see some glamping sites. I expect to see some sleeping on water sites. So Chesla's with me. I ain't going to happen. When I when I took the month with my brothers across the country, we slept in the truck on the top of what is that King's Valley or whatever. No, this will be from one hotel to the next to the Airbnb to the that's okay. That's how I would be. MREs in the vehicle. Manly is this gets we are driving. We're not going to like fly in. So are you going to enjoy the driver? You're just going to get in the car get on the highway and get there. I always enjoy the drive. And one of the reasons we're driving is because Tennessee first, so I can just drive

36:52down to the wedding that we are going to in Florida. Yeah, that makes sense. Very, very cool. All right, folks. So again, we've learned about the difference with four closures. 2008 to 26. Do not let anybody with PTSD tell you that 26 is like, oh, eight, there could be nothing starker than that. And of course, we will be talking with the richest homeless man very soon from Tennessee. Matt closing thoughts. Um, glad to be home. Had a blast at the one rental, the time event at a blast with all the people that are there looking forward to all the cool stuff that we're going to do next year at the event, all the bunch of firsts that we're doing and for the VIPs and that'll be a lot of time spending more time with those guys, of folks. And yeah, it's even though we're going through what we're going through the Middle East right now, obviously play pray for all of our service members, people's safety, but recognize that hard things need doing and proud that we're doing it the way that we're doing it. And if you ever need to wonder whether or not we did the right thing, look at the people there.

37:53And I ran, look at all the Iranians that are here in our country and around the world that are finally going to be able to go home and see their family for the first time in decades in some cases. So, uh, yeah. The closing thoughts. I try to stay off the politics as much as possible. My biggest fear with what's going on in there is we're not far from that needing to happen here. We're putting the same people in charge that cause what happened there. Uh, will you be willing to do the things it takes to become financially free? That's the question for the people watching this video. It's different for each one of us. In the moment, it'll feel like a sacrifice, but later the sacrifice would be having to work still. There you go. Guys, you're amazing. Thank you for all you do. Deanna's going to be fun watching you discover new parts of this great country. Uh, I look to be learning about Tennessee. I've only been there a couple of times. Don't know much about it. So, uh, very, very cool guys. Take care. Thanks.

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