Epic Real Estate Investing - Thrive! Regardless of Market Conditions - Mark Sestilio | 1159

Episode Date: July 23, 2021

Today Matt will tell you where he's been and what happened on his summer vacation. He's got the newest REI Ace rockstar real estate investor to introduce you to, and of course he's got the news and th...is week in crypto. Enjoy. Join Matt's Private REI Ace Client group at http://REIAceVIP.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:00 This is Terrio Media. Success in real estate has nothing to do with shiny objects. It has everything to do with mastering the basics. The three pillars of real estate investing. Attract, convert, exit. Matt Terrio has been helping real estate investors do just that for more than a decade now. If you want to make money in real estate, keep listening. If you want it faster, visit r-e-i-a-a-a-com.
Starting point is 00:00:36 Here's Matt. Hey there, Epic Investor. It's Matt Terrio from Epic Real Estate, where we show people how to invest in real estate using more of their mind than their money, using creative real estate investing strategies with the emphasis on retiring early. And if this is your first time here, really glad that you found us. If you like what you hear, make sure you hit the subscribe button before you go. And if this is not your first time here, welcome back.
Starting point is 00:01:02 And thank you for sharing this with your friends and family. I just looked at the numbers and downloads are going up. So you're the absolute best for sharing this. I really appreciate that. So thank you. In today's show, I'll tell you where I've been and what happened on my summer vacation. And I've got a great guest for you today. We've been working together for a year or so.
Starting point is 00:01:23 And he's accomplished some really great things that I want him to share them with you. And I've, of course, got the news fired up. And I've also got this week in Crypto. And today's sponsor of the show, R-EI Blackbook. It's everything you need to run your real estate investing business all in one place. And they've been doing some big things over there as they just launched their multi-offer generator. So if you're tired of walking away from deals because sellers reject your all-cash offer, you're going to love what they've created to help you go from being a one-trick pony to presenting multiple offers to your sellers.
Starting point is 00:02:01 And why is that important? because by doing so, you'll increase your closing rate by as much as 297%. You'll feel confident in calculating multiple creative financing strategies in minutes, not hours, so you can make better offers in less time. They've totally streamlined this process. And you'll be able to automatically generate your multi-offer letters of intent so you can quickly present your sellers with better offers. All right, Blackbook basically took my three-option letter of intent philosophy
Starting point is 00:02:32 and they took my calculator and they just kind of smushed it all together and injected it with rocket fuel. So I barely even use my own anymore. That's how good of a job that they did. So go check it out. Get 14 days free access to REI Blackbook. Their automated follow-up machine absolutely free. Plus, right now, their brand new multi-offer generator at epic blackbook.com. And start closing more creative deals.
Starting point is 00:02:59 Get all of this for free, only available at. Epic blackbook.com. All right. So, did you miss me? I guess that's always a dangerous question to ask. Because maybe you didn't. Or even worse, maybe you didn't even notice I was gone for a couple weeks.
Starting point is 00:03:18 Anyway, I've been laid up for the last, I don't know, I guess, a little more than two weeks. And I think it was on July 10th or so when my family and I, we returned from our summer vacation. We went to Big Sky, Montana.
Starting point is 00:03:35 And while we were there, we did everything that you're supposed to do in Montana. We did some casual floating down the Yellowstone River, drinking some beer and just admiring the scenery. That was fun. We were able to avoid all the rapids. We weren't on that part of the river. And then the next day, my 10-year-old talked me into zip lining for the first time. That was a blast.
Starting point is 00:03:57 That was a little bit nervous. In fact, I was really nervous on the first one. But it all came together. And by that fourth run, I was flying high. I loved it. I can't wait to do that again. And we were zip lining over bears layer. And of course, that would not have been complete unless we actually saw a bear. And we did in the wild. So the first time I've ever seen one in the wild. So that was exciting. We kept our distance, though, for sure. And then my buddy Jeremy led me down the top of the hill. It big sky, it's a very popular ski resort. but obviously there's no snow right now. So during the summer they turn it into a mountain bike, quote unquote, resort. And they have all these trails carved through the trees and everything. And my buddy Jeremy got me to rent a bike and get all decked out in the gear and take that bike up to the very top of the mountain and pedal my way down.
Starting point is 00:04:52 That wasn't a whole lot of pedaling. You're doing a lot of coasting and braking. And I hadn't been on a bike in probably 25 years. and I was thinking like, hey, how hard could this be? It's like riding a bike, right? Well, let's just say that expression has an entirely new meaning to me as about on the second run. I was only about two hours away from heading to the airport to come home. And on the second run, about three quarters the way down, I was feeling pretty confident now. I'd fallen a few times and that was expected, but nothing too bad.
Starting point is 00:05:28 And I was feeling really good and feeling a little extra confident maybe. And my front tire grabbed some soft sand, or the soft sand grabbed my front tire, I should say, and kind of tweaked the handlebars out of my hands and I went right over the handlebars and into a bed of jagged rocks. So I came out with a gash over my head
Starting point is 00:05:52 and blood all over the place. Thank God I was wearing a helmet. It could have been a whole lot worse. and then my eyes turned black, both of them, and still almost not quite gone yet. And then the handlebars, which I didn't even realize at the time, because I was so concerned with the blood running down my face, that it just felt like a scrape across my belly. And that's all it really looked like initially. And then when I got to be, oh, well, first I had to go to the urgent care and I had to get
Starting point is 00:06:21 stitches. I had to close this gash up over my head. But everything was fine. I didn't feel too bad, but then I was changing my clothes at the hospital because I was still in the mountain bike gear and I had to change into nice clothes to get on the plane, or clean clothes. I looked down and my belly was like starting to swell and it looked really, really odd. And it was like, one side was swelling bigger than the other side. And I was like, well, we got to get on this plane.
Starting point is 00:06:45 Let's go. And then as I was going to the airport is getting bigger and I got on the plane and it got bigger. And people said I was crazy after the fact to even have gotten on the plane. to even have gotten on the plane, but I wanted to get home. I did not want to be stuck there. And I had this big giant hematoma across my abdomen. It's about one of the most disgusting things I've ever seen in my life. I can't even look at it.
Starting point is 00:07:07 Can't even look in the mirror. But it's getting a little better, but the doctor says it's going to be about four to six weeks before that disappears. Nonetheless, it was, I'd say, one of my favorite vacations ever. I had a blast, and I got to, at least I, thankfully, I got to live to tell about it. And, you know, I loved it there's so much. I don't know if you like the mountains, but I think the older I get, the more I'm liking nature, the more I'm liking being away from the hustle and the bustle in the city.
Starting point is 00:07:33 And so I started looking at vacation homes to where I was like, I think I could actually maybe live here half the year. It was that pretty. And so on a plane ride home, I had one of those real estate magazines. And I was looking through it. And I was like, wow, these are really expensive. I mean, these are like more than Beverly Hills prices. and I turned on the laptop and got onto Zillow,
Starting point is 00:07:55 and I found only in this whole city 23 houses for sale. And the cheapest one being $1.695 million, $1,695,000. It's $1,695,000. That was the cheapest one. And then they moved up pretty darn quickly from there, and they topped out at $22 million. and I was like, hmm, maybe we'll have to work a little bit harder for the next couple years before we can buy an extra home in the high seven figures.
Starting point is 00:08:31 But that, I still had my wheels turning. I was like, well, maybe not big sky. Maybe there's a big country. Maybe there's other parts of the country that would have similar topography or similar activities or similar appearance. And so that led me down a rabbit hole of these similar places to shop for a vacation home. And I stumbled upon this article on Fox Business. and it was titled the most affordable places to buy a vacation home right now.
Starting point is 00:08:55 I was like, hey, you're speaking my language. That was a little bit more my type of reading. And it appears I'm not the only one thinking about vacation homes, as the article stated, that the demand for vacation homes in the U.S. started surging last year and it's showing no signs of letting up. So we know that the supply is really low on the retail side of things for people's primary residences.
Starting point is 00:09:18 But people aren't stopping with their primary residence. They're buying vacation second homes and third homes this article is showing. And I was like, wow. But the article, they combed through the latest data to find the most affordable places to pick up a second home where you can relax and maybe even beat the crowd. So it's kind of, it seemed like insider's information. But it was in the magazine. So maybe it wasn't on the internet. So maybe it's not insider information.
Starting point is 00:09:40 It's for the public. So the National Association of Realtors Research Group recently released its 2021 Vacation Home Counties report, wherein it assessed the data for 323 counties identified as vacation home counties, and that was 323 counties out of 3,143 of them. So like 10% of all the counties. And so the research has classified a county as a vacation home county if there are more than 20% of the locale's housing stock is for seasonal or occasional use. So the National Association of Realtors that highlighted the top 1% of the hottest vacation home
Starting point is 00:10:17 markets in its report. And then Fox Business went and pulled out the five least expensive ones based on the median home sales price. And so I was looking through all of them and I found there were there five of them. And I'd never heard of any of these counties. I've never been there. So if you have any input, let me know and send me an email. Call me, call me, call the office. And let me know, hey, Matt, don't go to that county or you know what, that county is great. That's a good, that's good advice. I'd love to know that because I'm really thinking about it. So here are the five most affordable vacation counties in which to buy a home right now in different areas of the United States. So the first one, I don't think there was in any particular order. Oh yeah, they do go up.
Starting point is 00:10:59 Actually, I'll start with number five and go backwards because number one was the least expensive. So that's like the most affordable place to buy home. So number five was Grant County, West Virginia. and the median sales price there was 154,900. So the pictures, looked up some pictures online, really pretty area. And the percent of seasonal vacation homes to housing stock is about 20 percent. And the number of seasonal homes there is only 1324. So small little county. And then number four was Socoral County, New Mexico.
Starting point is 00:11:34 The median sales price there is $140,000. And then the percent of seasonal vacation. homes to housing stock is about 23% and the number of seasonal homes there is 1880. So a little bit bigger and a little bit more proportionate to to vacation homes. And the number three was Lewis County, New York. The median sales price there was 122,000. Now these are getting downright cheap, right? These like, I'm actually, yeah, I'm a little seriously considering these now for sure with this at these price points. And the percent of seasonal vacation homes to housing stock is 27 percent there and the number of seasonal homes is 4,303. So bigger county and a bigger, greater percentage. So that's really a
Starting point is 00:12:16 vacation county. And then number two, even cheaper, Hickory County, Missouri. The median sales price there is $110,300. And the percent of seasonal vacation homes, the housing stock is 29%. So one third of the homes in that county are vacation homes. And the number of seasonal homes being 2007. And are you ready? The number one, the number one. vacation home or vacation county or the number one county with the most affordable vacation homes is escota County Michigan. Escoda. I think I pronounce that correctly. The median sales price there is only $107,500. That's a good vacation home I think. I mean that's downright cheap. And the percent of seasonal vacation homes to housing stock is 54 percent. So in escota County, half the homes there
Starting point is 00:13:07 are vacation homes with the number of seasonal homes totaling 5,028. So those are all top five. And I want to seriously look at those. I've got a couple deals in escrow right now. I've got to wait for those to close. And then I will be potentially looking for that to maybe make a short-term rental out of it. I've been looking and meaning to do that. And I think right now is the time to consider it because this seems like very low risk in getting involved in these. Anyway, if you know something better, If I left something out, I'd love to hear from you. Let me know. And then that's that.
Starting point is 00:13:41 All righty. So I'll be back with Epic's newest rock star right after this. When you go to work for your money, does it return the favor? If not, no worries. You do not have a money problem. You merely have an idea problem. We're cash flow savvy.com. And we'd like to share a new idea with you around income real estate that can transform your financial future and accelerate its arrival.
Starting point is 00:14:03 Go to cashflow savvy.com and download a free investor. package, cashflow savvy.com. You do not have a money problem, merely an idea problem. Cashflow savvy.com. More ideas, less worries. Cashflow savvy.com. From coast to coast, epic investors are doing the most. It's time for another epic field report. So please help me welcome to the show. R.E.I.A.A.'s private client, Mark Sestilio. Mark, welcome to the Epic Real Estate Investing Show. Thanks, Matt. I really appreciate it. you have me on. Yeah, no, I'm glad that you could make it on. It's one of my more favorite things to do is, you know, interview the people that have had the fortunate opportunity to work with and watch them grow.
Starting point is 00:14:49 And you fit the bill. And it's been a pleasure working with you. How long has it been now? Eight, nine months, maybe? I think we hit the year mark. Did we hit the year mark? Okay. Yeah. Yeah. So it's been a little while. but, you know, that time flies with going through the last 12 months with COVID. This is true. I guess it's kind of the lost year, so it did go by fast. Yeah. We had a lot of fun, though, right?
Starting point is 00:15:15 We did. I think we accomplished a lot. I'm certainly happy and grateful that I met you and got to join the club and and talk to you throughout that time. Super. Likewise. Yeah, I want to talk all about the progress and, where you are and what you're doing today because it's pretty remarkable. And I don't get a lot of
Starting point is 00:15:38 stories like yours because just because I don't. People give it a shot for a couple weeks and they don't get what they want and they go try and do something else only to find that the same struggle waits for them over there too. But, you know, it's always a pleasure to work with people like yourself. But before we get into that, before we met, you know, you were already investing in real estate a little bit. And what problems were you looking to? to solve? Well, I was. I had started in real estate quite a bit before meeting you and coming aboard.
Starting point is 00:16:14 But I think even though I was trying to educate myself, I didn't have like a real mentor to kind of bounce ideas off of. And really someone had helped me put things together in a business and make it really like a business and not more like a hobby. So, you know, we, I was doing okay, but, and we were getting by and, and you know what, it, it was a lot easier four or five plus years ago. And when things kind of changed and the market became more competitive, I think we started feeling the pinch. And that's when I started seeking kind of further guidance. So I think that's kind of where we're all started for me. So what would have meant to you professionally to have solved that?
Starting point is 00:17:14 I think it means everything. I mean, you know, I understood real estate for the most part, but what I think I didn't understand was the systems and the marketing and the consistency and the day-to-day kind of processes that we need to follow in order to kind of be successful and use your REI-A-A-E-Ase model, you know, to stay consistent and to get deals and be successful. So like I said, I mean, I was doing okay, but we're just kind of getting by. And it became more difficult.
Starting point is 00:17:57 And it really has meant a lot to me because, you know, whether you consider this last 12 months of COVID or not, either way, I would have needed to help. I would have needed the coaching because if I didn't, I wouldn't have changed probably, most likely. And you help me, you know, really learn everything that is necessary, not for just real estate investing, but to create like a small real estate investing company, business. Mm-hmm. Good. And what would that have meant to you personally? Well, it means a lot. You know, I'm married and I have a couple of young kids. You know, it had been a struggle before. And I'm not saying it's easy now, but we were able to have some more flexibility now.
Starting point is 00:18:57 I've added a couple of team members since starting coaching with you. And that really all is a result of, you know, the systems and the confidence that you've taught me in doing what we're doing and making the decisions and stuff that we're making. So it means a lot to me and my wife and my family. And, you know, we feel much, much more confident these days going forward. No matter what the market does, I think we have this. systems in place to continue to just grow in the business and be successful. That's awesome. That's awesome. So what is, here we are, you know, a year later. What does business look like for you today? What's, what's the day to day? What's in the pipeline? What have
Starting point is 00:19:51 you closed? Yeah. So, you know, the last part of 2020, you know, we were still kind of getting things set in place. I had started new marketing campaigns. We were getting new systems in place. So really, really most of the summer of 2020 and the fall of 2020, we were getting a lot of that thing set up. And I started to see some progress with the marketing that we were doing and the lead generation. And then in December, of 2020, I hired a real estate virtualist, I'm sorry, a lead manager virtual assistant and to kind of outsource some of that marketing and the different campaigns that we're doing. And she became really full time in January and 2021.
Starting point is 00:20:51 And since then, she's been really great. We're getting tons of leads. It's consistent. We've kind of, you know, are able to have consistent conversations with people that are interested in selling. And we've gotten several deals. I think we're up to, you know, not a whole lot, but we've gotten about 10 deals this year. And we have tons of leads in the pipeline. And now, just about a month ago, I've also hired an acquisition manager to kind of fill my role as taking phone calls and following up and going on appointments.
Starting point is 00:21:41 And, you know, there's a learning curve there, but I'm able to teach him, you know, what we need to do and follow the processes that you've taught. And I think with those couple of team members and the consistent marketing campaigns that we're doing and using the systems that we have, we're much better prepared going forward to have consistent deal flow going forward. And I've actually also picked up a couple rental properties in that time as well. So super. So I started at the beginning saying that I don't get to have many conversations like the one I'm having with you because in the beginning it started off kind of slow. And it happens that way sometimes. And you know, we were we were touching base pretty much every single week. And, you know, you were sharing your frustrations. But we'd make a little tweak here, a little tweak there. And we just we saw this gradual improvement. At what point and what do you think it was that was like the tipping point? Because. was, you know, the last call I had with you, you were like, oh, everything's good. I don't have anything to ask. I just wanted to talk to you.
Starting point is 00:22:53 You know what I mean? So what was the tipping point? Yeah, the last call was me. Like, I just wanted to talk, man. We haven't talked in a while. I got so much going on. I don't even have time to talk to you. So I, uh, but we, I think the tipping point was really, um, it was, it was really
Starting point is 00:23:12 making sure that my, my marketing. and my daily processes were in place and they were consistent. So I know you really, really harped that on if you want consistent deal flow, then your marketing needs to be consistent. And I didn't really have that before, even though we were doing different types of direct mail, it wasn't quite as consistent. And we didn't have the confidence back several years ago
Starting point is 00:23:44 to just continue, you know, doing what we were doing. And I think also a big part of that was the daily navigator. That's your daily work, your daily activities that are revenue generating activities. And even though I thought before meeting you and talking with you that I was making and contacting and making enough phone calls to people, it just was wasn't enough. And the daily navigator really helps you keep track of that and help kind of hold yourself accountable. And if you've only made five calls at the end of the day and you're kind of like you're bummed at yourself because it's just not enough. And especially in this
Starting point is 00:24:42 market, you know, four plus years. years ago, you could make five or six calls a day and probably get a deal. But it's not that way anymore. So I had to really ramp things up and keep track of them. And I think when I started doing that and then adding some team members, you know, as those numbers started to rise, we are seeing better deal flow or more consistent conversations and appointments and which in turn makes the ability to make more offers, which of course is how you get deals, is making offers. So I guess that that's probably the biggest tip and point, just making sure that we're doing all the correct daily activities.
Starting point is 00:25:46 And once we started doing that, it started making a shift. Awesome. Yeah, the daily activities, they don't discriminate. They just care whether you do them or not. They don't care why, right? They don't even ask either. They don't even ask. They're just there.
Starting point is 00:26:03 They just sit there and wait for you every day. You know when you're sitting in bed at night that you didn't make those extra phone calls that you probably didn't give enough. of an effort that day. Right. So things are going really, really smoothly now as we just talked about, our last phone call, like, was more of just catching up. But what have the, up to this point, what have it been your three favorite things
Starting point is 00:26:27 working with Epic? Yeah, so I think I hit a couple of those things, but I think, first and foremost, I really love talking with you and learning from you and somebody that has a lot more experience me than me and and you know also experience in in a in different things in real estate that that I haven't had before I mean you know one of the things that really attracted me to you and other than the fact that I just felt like I resonated with you as a person was was the seller financing stuff so you know that that that education has been a really a big deal. Two, I'd say, you know, I think as this world kind of gets
Starting point is 00:27:25 more fast-paced and crazier and stuff, you still are able to break things down very simply. And I really appreciate that about you because I like to kind of make things simple and then just go and I felt like that has been something that's been really great. And then three, I guess I already kind of hit this, but it's how you coached me up on on all the processes, the systems, the processes, the processes, the daily activities, the follow-up systems within our CRM and it's, it's, So again, making those things kind of simple and consistent and automated has been just a huge deal for us. Great, great.
Starting point is 00:28:28 So where do you stand now looking into the future? What do you see? What are you most excited about? Yeah, so now, I mean, you know, we have consistent marketing systems. I have the lead manager VA and the acquisition. manager and you know we're right around two deals a month in the future you know I'm hoping to get to four or five deals a month add a couple more team members and really just make my systems and my team better you know I kind of know what to do now and I have the picture in my head and I feel like
Starting point is 00:29:15 It's very doable for me to have a small real estate investment company that can do four or five deals a month and continue to pick up rental properties and generate that passive income. And at the same time, kind of free myself a little bit from the daily, daily tax. You know, like I said earlier, I have a young family, our young kids and a wife, and my wife has been great through this whole process. I've been busted my butt over the last, you know, a couple of years, and it's been a lot, but I think I have the knowledge and the coaching ability to kind of pick up a couple more team members and just kind of round out. my business, and then kind of see where we go from there.
Starting point is 00:30:15 You know, maybe I want to, you know, make, have 10 team members and do 100 deals a year, or maybe I don't, but, you know, we're just trying to get to the next step. Right. Right. We'll travel as far as we can see. We get there. We'll see further. We'll figure it out.
Starting point is 00:30:36 Perfect. Thank you, Mark, for sharing your time. Can you finish this sentence for me? I almost didn't work with Epic because. I almost didn't work with Epic because I was scared. I think, like, I, you know, I'm not sure if I'm a little bit unique, but you mentioned earlier that I had been in the real estate investing industry for several years before finding you.
Starting point is 00:31:03 And I thought that I knew a lot. already at that time, but we weren't seeing the results. So I was scared to take the next step, but I felt like if I didn't at this point, by the way, it was basically like the month or a couple months right into when COVID started and everything, all that started. So I felt like at that time, it was the right moment for me to get, some real solid coaching and an experience and learn from somebody that's been there and done that. And I just had to get over, you know, taking that leap and try to be confident in what we were doing because I'm not leaving real estate.
Starting point is 00:32:02 It doesn't matter what the market does. It's like I'm going to be here in the real estate market for the rest of my life. So, and I knew that before. So I just had to get over, suck it up a little bit, and go for it. Well, I'm glad that you did because it's been a pleasure of working with you. You're the perfect type of person I like to work with. You know, I always say that my favorite thing is to help people that are ready, willing, and able to help themselves. It just always makes a good partnership and always creates a really good result.
Starting point is 00:32:36 So if someone were sitting on the fence and debating as to whether or not they should work with Epic, what would you tell them? I would just say do it, man. I mean, like, you got to have some confidence that Matt and clearly you can see online and from the podcast and YouTube videos that he has a ton of experience. And I say go for it. Like if you're interested in real estate and you want to go faster, as you say, that's the way to do it. I mean, because the education, the systems, the processes in order to make a small real estate business happen, you got it all. Epic's got it all.
Starting point is 00:33:26 So I say you got to just, you got to go for it. Well, thank you, Mark. I'm sure I'll be talking to you next week because we got new updates coming up. Yeah, there's going to be new updates. It's not going to be next week, though, because I'm going on vacation next week. Oh, well deserved. Perfect. So I'll talk to you the week after. All right. Have a good time and I'll talk to you soon. Thanks for being here. All right. Thanks, man. I really appreciate it. Bye-bye. All right. We'll be back with the news right after this. Alert. Alert! Real estate investors, listen carefully. A closely. A closely guarded Secret reveals that closely guarded secrets aren't really that closely guarded.
Starting point is 00:34:05 Seriously, go to find motivated sellers ASAP.com to get the inside scoop on how the nation's most successful real estate investors really find their deeply discounted properties. Go to find motivated sellers ASAP.com. Deeper discounts, less secrets. Find motivated sellers ASAP.com. All right. In the news, billionaires, Bezos, and Branson have both completed their flights to outer space. What's next for the space tourism industry?
Starting point is 00:34:34 Does anyone care? Let's fix Earth first. Those are my thoughts. Netflix in its Q2 earnings reported yesterday that the company said COVID has created some lumpiness in our membership growth as it struggled to turn out hit shows this spring. For some reason, I feel like Netflix
Starting point is 00:34:56 is going to land on their feet at some point. I think they'll be okay. The Milwaukee Bucks are, NBA champions after beating the Phoenix Suns in six games. I think that was the first time, what, in 51 years. I don't have that written in front of me, but I think that's what I read. And then Apple is delaying its return to the office by at least a month due to the spread of the Delta variant of the COVID virus. I got some more to say on that. And then Peloton is launching a fitness video game that looks a lot like guitar hero, but with a wheel. And the
Starting point is 00:35:26 opening ceremony for the Olympics will be held tomorrow. Perhaps today by the time you're listening to this podcast or maybe you listen to this way in the future and it's already opened up. But the Olympics are on. Not good news for the Olympics. Poor Japan is really kind of getting the short end of the stick. Typically this is going to be a windfall for their country and with COVID doing what it's doing. There will be no spectators, no live spectators for any of the events. The politics and sponsors are dropping out and I feel bad for Japan. and I wish that was going to change, and I feel bad for all the Olympians as well. They work their entire life and get short changed like this.
Starting point is 00:36:10 Anyway, those are starting and the show must go on. Then the U.S. and Germany reached a deal that allows for the completion of a Russian gas pipeline to Europe without further U.S. sanctions. Isn't that nice of us? Isn't that nice of us to do for the Russians is to grant them a nice clear path to create their pipeline while we shut down ours here. I don't understand this at all. There's no logic here. There's got to be something else going on. Someone's getting paid. Someone is getting paid for that one because that defies all logic. The number of U.S. COVID-19 cases is on the rise again, you might have heard, with increases shown in
Starting point is 00:36:52 every single state driven in part by the highly contagious delta variant. Driven in part, that's what the report says here, but I think it's almost driven almost exclusively by the highly contagious Delta variant variant at this point. And so the Delta variant, if you don't know, which was first identified in India. It was called the India variant before, but we're not allowed to do things like that, I guess. And it appears to be much more contagious and also causing a surge of new cases of the virus in many parts of the world. The good news is, though, that the Moderna vaccine, the Pfizer vaccine and the general,
Starting point is 00:37:29 Johnson & Johnson vaccine report that their COVID-19 vaccines are effective against the Delta variant. And I think I read the stat of all those that are ending up in the hospital right now are all people that, like 90, that's almost all of them, 90-something percent that are not vaccinated. And speaking of that, I just got an email from my son's school that they are reinstating the mask. mandate. And I had some strong feelings about that, but it's my son that has to go there and I don't really want to cause any waves, but I couldn't resist, so I had to reply to the email. I doubt it will do make a difference. In fact, I'm confident it won't make a difference. In fact, my first line in the email was this email won't make a difference, but it should be known. Although cases are up, the CDC website says deaths are going to
Starting point is 00:38:29 opposite direction in Clark County. That's the county we live in here in Las Vegas. I said, the vaccine is working. Masks aren't. They never have. No narrative, no politics, just data. Then I finished with also, why punish the least vulnerable demographic the most? Yes, it was a rhetorical question. I don't expect an answer. But I had to click send and actually felt pretty good at doing it. You know, at this point, if someone hasn't gotten the vaccine, vaccine, that's their problem. Not the rest of the world. I mean, if you've been vaccinated, you're not in danger. So please stop the shaming of those that choose not to. That's their choice. And something happens to them. It's on them. The vaccine is rarely available to anyone that wants it
Starting point is 00:39:18 now. So we just got what we got. All right. And if I hear follow the science one more time, I think I'm going to scream. I think I've already screamed. I think I did that. several times today because I'm looking at cdc.gov that's the cdc website i'm looking at that right now and yes absolutely cases are on the rise you can see the little barograph ticking up but it's not a spike it's not a surge like the news reports it's an uptick but it's going up i mean it's noticeable for sure you know based on what we dealt with you know this time last year I guess it should be of concern, but we did this last year with no vaccine. Now we got the vaccine and it shouldn't be an issue or not the big emergency everyone's making it out to be. I mean, I'm looking at the graph right now.
Starting point is 00:40:10 You know, it might raise an eyebrow, but it doesn't look like it should cause an alarm. And then when you switch the little toggle switch, because they got these cool little buttons and stuff, go to CDC and look at yourself. You switch the little toggle button from cases to deaths and then it changes the graphs on how the deaths are being tracked. and the graphs show the death rate is dropping. The vaccine is working. It's working. It's keeping people out of the hospital.
Starting point is 00:40:34 It's keeping people off of ventilators. Now, who knows how this episode will look a month from now. It remains to be seen. But we just want consistency in the information that people give us. I mean, are we listening to the science or not? Are we looking at the data or not? I mean, I'm looking at the data that the White House references in their press conferences on a daily basis, the CDC website.
Starting point is 00:41:00 I'm wondering what CDC website are they looking at? I really believe a couple years from now. We're all going to look back. And the only thing that made a difference in this pandemic is one, the vaccine and two, people taking care of themselves. Oh, and I haven't said this in a while. Keep taking your vitamin D, your vitamin C, and your zinc. and get your cardio in.
Starting point is 00:41:28 It's not going to prevent you from getting the virus, but it will keep you out of the hospital as the studies show. And if you're brand new to the podcast, I was talking about this a lot, and I won't beat that dead horse. I was talking about this a lot during the pandemic. But vitamin D, C, and zinc, the good for you anyway, right?
Starting point is 00:41:45 So what could it hurt? And I mean, if you heard anyone on the news say that, you know, take care of yourself, right? No. In fact, you get kicked off of Facebook and YouTube. if you were to say something so damaging to take care of yourself. You know, Dr. Drew just got kicked off of YouTube for simply saying that the delta variant is more contagious but less virulent.
Starting point is 00:42:09 And if your layman's self were to look at the CDC stats, if you look at it, the cases are up. But hospitalizations and deaths are not. They're not even tracking hospitalizations on this newest version of the CDC website. They're not even tracking the hospitalizations anymore. And by the way, Dr. Drew is not just a TV doctor. I'm not a big fan or anything like that, but I've heard him tell his story. And, you know, I think it's a little unfair as he's been accused of being a TV doctor by mainstream media.
Starting point is 00:42:41 But no, most people don't realize he makes his rounds at the hospital. He works at a hospital. He tends to his patients daily. He's deep in the mix. And there's all these non-doctors that somehow know better and are in positions to call. the shots and dictate mandates. Anyway, I'll leave it alone. Now, for this week in crypto.
Starting point is 00:43:03 This week in crypto is sponsored by My First Cryptocourse.com. It's the beginner's guide to investing in crypto assets that will show you how you could safely 10 to 20 extra money this year with Bitcoin, even if you're brand new to crypto. For a limited time, Mike Dillard will give you three of the top crypto assets he's invested in this year. Go to My First Cryptocourse.com. and when you enroll in Mike's course, email the receipt to me at mat at epic real estate.com and I'll personally reply with the recording of the free web class that I did for a private
Starting point is 00:43:35 group of investors and how I'm incorporating cryptocurrencies to three times my ROI, having all to do with the velocity of money. And I'll give you all of the services that I'm using to make it happen to. And so you can get started at my first cryptocourse.com. I've got two deals, three deals in contract right now on fire over here. And I used crypto to acquire these deals. I used some refis to acquire these deals. I use some unconventional loans to acquire these deals.
Starting point is 00:44:08 And I'll show you all about it once they're closed. Or I'll tell you all about it once they're closed. I'm going to show you them on the YouTube channel. But get ahead and start and go to my first crypto course.com and email me the receipt to Matt at Epic Real Estate.com. and I'll send you the recording of how I'm doing all of this. All righty? So the crypto market for the last couple weeks has been pretty much moving sideways.
Starting point is 00:44:29 A little bit up, a little bit down. A little bit up, a little bit down. With half your experts predicting the whole thing is about to tank and the other half saying we're going to the moon. Truth is nobody really knows. But here's what we do know. Circle K just announced they'll be hosting thousands of crypto 8. I told you when I moved here to Vegas, I couldn't believe it. I saw cryptocurrency ATMs, Bitcoin
Starting point is 00:44:57 ATMs, and all of the Chevron gas stations here. And now Circle K just announced that they're going to be hosting thousands of them too. Then U.S.-based investment banking giant J.P. Morgan, led by Cryptoskeptic Jamie Diamond, reportedly allows its financial advisors to help all its wealth management clients invest in crypto funds. It was just a couple years ago where Jamie Diamond threatened to fire anyone that worked at J.P. Morgan for even thinking about cryptocurrency. And now he's allowing his financial advisors to help his wealth management clients invest in cryptocurrencies. American financial giant Goldman Sachs Group claims that nearly half of the family offices it does business with want to add digital currencies to their investment.
Starting point is 00:45:47 so they are obliging. And then electric carmaker, Tesla, Inc. would most likely restart accepting Bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency. That's from the chief executive officer Elon Musk himself. And he said that at a conference the middle of this week. By the way, the whole energy consumption thing of Bitcoin, yeah, it's a lot. but when you start comparing it to, what was it?
Starting point is 00:46:20 They compared it to like swimming pools, I think. Like just the heating of swimming pools in this country consumes more than the energy than Bitcoin mining does. And there's a whole list of things of things that we think about every single day that if we're outraged by and if Elon is outraged by the amount of energy that Bitcoin uses to mine it, we should be outraged by 10 other things before that. And then a MasterCard announced this week, it will enhance it. its card program for cryptocurrency wallets and exchanges, making it simpler for partners to convert
Starting point is 00:46:51 cryptocurrency, traditional fiat currency. And then once again, Tesla CEO Elon Musk on Thursday, the day after he made that last announcement, said he owns Bitcoin, Dogecoin, and Ethereum. Then Musk added that Tesla and SpaceX also own Bitcoin. So I share these stories because we've got Circle K, J.P. Morgan, Goldman, Goldman Sachs, Tesla, Mastercard and Musk himself as a human being person, all adopting and taking on cryptocurrency. I just keep on reading this type of stuff and it tells me that I'm on the right track. And if you don't have any, just get a little bit. Just get something.
Starting point is 00:47:35 Go download the Coinbase app. I get nothing from this, by the way. Absolutely nothing from you doing this, whether you do it or not. but I think the haves and the have-nots are going to be defined more by who has cryptocurrency and who doesn't in the next 10, 20 years than what defines them now. So anyway, go get the download the Coinbase app. Put 100 bucks, 500 bucks, 1,000 bucks, whatever you're not afraid to lose, buy some Bitcoin and then just leave it there and forget about it.
Starting point is 00:48:08 I think in 10 years you're really going to thank me. All righty. And that's this week. Crypto and that is the show. If you found this episode valuable, who else? Do you know that might too? You probably know somebody else. There's a really good chance that you do. And when their name comes to mind, please share it with them and ask them to click the subscribe button when they get here and I'm going to take great care of them. All right, that's it for today. God loves you. And so do I. Health, peace, blessings, and success to you. I'm Matt Terrio.
Starting point is 00:48:32 Y'all. Yeah, yeah, we got the cash flow. You didn't know home for us. We got the cash flow. This podcast is a part of the C-suite radio network. For more top business podcasts, visit c-sweetradio.com.

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