The Crotchety Old Men Podcast
Unearthing the Value of Real Estate Appraisals: A Deep Dive with Professor Oscar Sistrunk
Strap in for a journey through the complex and evolving world of real estate appraisals with our esteemed guest, Oscar Sistrunk a professor at Morehouse University in Atlanta, GA. As the first African-American Member of the Appraisal Institute (MAI) in the Southeastern United States during the 80s, Oscar's experiences provide unique and insightful perspectives. This episode digs into the fertile soil of Oscar's knowledge, unearthing the roots of the appraisal industry, the workings of the Appraisal Foundation, and the significance of the Morehouse Real Estate Institute - a program designed to enhance diversity and provide opportunities in the field.
Oscar discusses the upcoming forum at the Ray Charles Center on the Morehouse campus, an event designed to engage the community and be a platform for vital discussions. So pull up a chair and join us as we navigate this enlightening conversation with Oscar, unearthing gems of wisdom that can change the way you view real estate.
Strap in for a journey through the complex and evolving world of real estate appraisals with our esteemed guest, Oscar Sistrunk a professor at Morehouse University in Atlanta, GA. As the first African-American Member of the Appraisal Institute (MAI) in the Southeastern United States during the 80s, Oscar's experiences provide unique and insightful perspectives. This episode digs into the fertile soil of Oscar's knowledge, unearthing the roots of the appraisal industry, the workings of the Appraisal Foundation, and the significance of the Morehouse Real Estate Institute - a program designed to enhance diversity and provide opportunities in the field.
Oscar discusses the upcoming forum at the Ray Charles Center on the Morehouse campus, an event designed to engage the community and be a platform for vital discussions. So pull up a chair and join us as we navigate this enlightening conversation with Oscar, unearthing gems of wisdom that can change the way you view real estate.
Hi, this is George with the Crotchety Old man podcast. Hopefully you've enjoyed listening to the Crotchety Old man as much as we've enjoyed making each episode. If so, send us some feedback. We'd love to hear from you at thecrotchetyoldmanpodcastatgmailcom. Let us know what you enjoy about the show, what you'd like to hear more of. We'd love to receive your feedback. Remember that's thecrotchetyoldmanpodcastatgmailcom. As we always say, if you didn't know, nah, you know.
Speaker 2:Peace, hello, good day good afternoon, good night, hey, no more. No matter what hemisphere you're in right now, welcome to another episode of the Crotchety Old man podcast. I am Gary Smith, one of the co-hosts with me in the studio today. It's all three of my comrades. I say three because I have to include myself. Right, PC? What's going on top of the?
Speaker 3:day. What's up baby?
Speaker 2:Hey man, you know how good it is.
Speaker 3:Yes, sir, I'm in the hemisphere.
Speaker 2:I'm not in the hemisphere.
Speaker 3:The hemisphere is a beautiful thing. The sun is out it's brightly shining and all is well in the world.
Speaker 2:Amen to that, george Cromley, over there to my right. What's up, george?
Speaker 1:Smitty, everything's great man. I'm not sure where you guys are, but I guess, wherever it is, it's awful good. So, hey, I'm going to join you on this podcast. We're going to have some fun. So here again, we've got a returning guest, Mr Oscar Sistrom. As you remember, we had Oscar on previously. He's a professor over at Morehouse University and I thought it was a good time to have Oscar back on, because he's often talked about the Morehouse Institute and I know this is a thing they've had going on for a while. But on Thursday of this week they're kicking off a new session for the public and we thought it would be a perfect opportunity to get Oscar to come on and talk about it, a little bit about the Institute and talk about what's going on Thursday. Welcome to the show, Oscar. How are we doing today?
Speaker 4:I'm doing fine. Thank you for having me back. I really appreciate it. You know working hard, hardly working one of those two or in between, I don't know, but I'm just enjoying life. It's a little cool out here. Reminds me of growing up in New Jersey, even on here in Atlanta, so I don't mind. A little cool, just that cold and snow, that's all.
Speaker 2:Oh, look at, we don't allow any swearing on this podcast man, so that four letter word S-N-O-W I don't use that word.
Speaker 4:Every time I think of that my back starts hurting, because I remember my dad, I remember that snow. I don't miss it One bit. You write about that.
Speaker 2:Take it away. Oscar, tell us something about that, yeah.
Speaker 4:Well, as you know, we started up the restart. Well, really started up this Morehouse real estate Institute and it's been going like gangbusters here for this basically first full year got a lot of community support, a lot of corporate support, a lot of alumni support and the students are really excited about it. It seems as though students are really interested in this real estate stuff. So this Thursday we have a forum over at the Ray Charles Center from four to six o'clock and we're having the national president of the Appraisal Foundation coming by to talk to really the nation, but especially Morehouse and the community, about the appraisal industry and really really excited about it, and I'd love to talk about it today. I'd tell you what's going on, what we're doing.
Speaker 2:Excellent, Excellent. I mean that's so important, not only in our community but across in the real estate industry period, the appraisal industry and how appraisals impact valuations and so on and so forth. So yeah, tell us more about this, Oscar, Tell us about the appraisal piece.
Speaker 4:Sure, as you know, I am a commercial appraiser. I'm a member of the appraisal institute, so I have my MAI designation. I do a lot of commercial appraisal work but, as you know, especially in our community, there's a big issue about appraisals and valuations and we can talk about that a little bit and a little history about the appraisal foundation. If you can go back for those of us who remember the 80s, we had the SNL crisis and out of the SNL crisis the federal government came into control of the appraisal industry, because before that it was just a good old boy network and it was just who you knew. So they put in state licensing and then they started an organization called the Appraisal Foundation which oversees all public and private appraisal industry, and they created what's called USEPAP, which is the kind of document that people use, which formulates the appraisal process.
Speaker 2:And if I could just get you to pause just for a second, just for our listeners. When you talk about the appraisal process, you don't have to get deep into the woods about it, but, oscar, just kind of give a little snippet. What does that process look like?
Speaker 4:All right. Well as you know, appraisers, especially residential, and commercial look different.
Speaker 4:But let's talk about on the residential side. Most people need to have their house valued so that they can either refinance it and maybe they're buying the house, maybe they're selling the house. That's kind of how most people see appraisers and most residential appraisers base the value of your house based on what they consider comparable sale. They find recent sales of houses that are supposed to be similar to yours in a similar area and say all right, if this marketplace of buyers and sellers are currently buying houses similar to yours for X amount of money, then your house is worth X amount of money. It goes through that part of a value in the house.
Speaker 3:And what are the? What are some of the similarities that they consider when they when they consider Comparing one house to the other?
Speaker 4:First of all, let me say one thing an appraisal is an opinion of value. All right, remember that. That is a big thing people are gonna have to realize when you look at all the houses in your neighborhood that have sold recently, or all the houses in the area that have sold right. There's a lot of different variables for all different kind of houses. It's up to that appraiser to use their opinion to pick what they think are the best, the most similar, right, and then they'll make adjustments Based on their opinion and, of course, maybe some facts, some data that they have, like, for example, do you have a finished basement or not? What's the square footage of your house? What kind of condition is it in? And they make those adjustments to come up with what they think. Normally you come up with a range of value and then they have to pick a particular number.
Speaker 3:So now, what is the difference between the variables that you use to appraise a house Versus the variable you use to appraise commercial property?
Speaker 4:with commercial property the most important aspect is because, remember, with commercial properties there are not that many similar buildings, so in the most you know you're not going to find it don't sell as often and then not that many, unlike houses. That's one thing, but the most important part is the income approach that's used to generate the value, the determine the value of property in commercial that's very important as residential.
Speaker 2:Right. You know, as you mentioned, Oscar, in terms of appraisals being a matter of opinion, you're so spot on with that Because, as it relates to the black community, you know we've probably seen in a national news or what have you there's this thing called white washing, in that, you know, a black homeowner can get a low ball appraisal in a neighborhood, whereas that if they would switch that out and put in a white Owner, that appraisal can go up almost 20, 30 percent higher. And so, in situations like that, is it possible for a homeowner, if they get an appraisal in their opinion is below the value what they know their property should be worth? Based upon the information you just shared, is it possible for them to ask for another appraisal, and do appraisers go against each other in terms of valuating the same property?
Speaker 4:Last part of that question is yes, you can. They'll go against each other. Okay, I? I always recommend this similar to what you're talking about, gary. I Tell a lot of my clients, Especially if you're going to a lender or you're going somebody and they're gonna order an appraisal, there's no reason why you still can't order your own.
Speaker 2:There you go.
Speaker 3:That's the best thing to do is order an appraiser of your own, of the appraiser that you know when your opinion is there. His opinion or her opinion is favorable.
Speaker 4:You should always pick I put it this way you should always pick your own appraiser who is familiar with your community.
Speaker 2:That's what it is Now question here now. Is it also true correct me if I'm wrong that since the lender is the one is going to be loaning that money, that they're going to fall more toward their, their appraiser, than the homeowners? Is there any truth of that, or is that a myth?
Speaker 4:No, the the lender, especially FDIC banks. We're touching on something else, but let me finish this thing in first. The bank will use their own appraiser. That's who they have to use. You can't bring an appraisal in. That's part of the law that changed from the SNL crisis. They have to pick one now. Here's my, here's my question. I've run into this all the time. Oh, let's be honest here. First of all and this happened especially a commercial, but residential too how do you know the lender really wants to lend you to begin with, exactly? And if he doesn't, he can't tell you I don't want to lend to you. So what does he do? He calls his appraiser, who's a buddy, and says do your dude. You know I don't need that to say it, y'all already know.
Speaker 3:So, so, in your opinion, so in your opinion, oscar, and you, you pointed that out so succinctly what do we, what do we do as a community, as a black community in particular, to get around these nefarious Lending practices that these banks and so forth have couple of?
Speaker 4:ways. And number one if it's residential, you find the residential appraiser, if you can, who's familiar with your community and and let them do. They don't have to do a full blown appraisal. We offer a lot of these where it doesn't have to be full blown. But you, I'm gonna give you the comms, I'm gonna give you the basic information. It's not going to be something that a bank can use, but it's going to be an appraisal you can use against the banks appraiser.
Speaker 2:You know what us can. Stop right there, because I can think of a situation specifically, or a client of mine here in detroit, commercial I'm talking about. I got, I got several appraisers in my back pocket. One is that, uh, african-american, and other one is the caucasian. The caucasian appraiser Refused to come inside the city limits of detroit so as opposed to doing a full blown appraisal, he did what's known as a desktop appraiser, right, the other gentleman who was a certified commercial appraiser, the african-american brother. He came into the city, gave the, he went, stepped foot on the land, did a complete appraisal and, man, I tell you they are just as different at night and day.
Speaker 3:That's right, that's right, oh so. So, based on that, based on that example, gary, which one won out?
Speaker 2:Well, I was the lender, so I took the brother.
Speaker 4:Let me, let me you bring up a really good point, gary.
Speaker 1:Let me, let me say something here.
Speaker 4:Let's get into this. Okay, back when I first started to becoming an appraiser commercial appraiser I couldn't get. This is in the 80s. I couldn't get work from the back. They told me I had to be an mai appraiser to get commercial work with the back. I said okay, so I became the first black mai in the southeastern united states, got my mai, went to the bank and guess what? The bank said well, we can't give you any work, mr Sister, because you don't have enough experience. Yep, I said, wait a minute. I said oh, okay, I'm, I got something for you. So you know what I did. I became the anti-bankers Commercial appraiser.
Speaker 4:When someone needs to sue the bank and they needed to go to court and they needed an mai appraiser. All the other mai appraisers were in the, in the pocket of the banks. I was the only one who wasn't, so that the attorneys would hire me and me being a college professor, I can do pretty well in front of a jury. I was banging them things out, I was knocking the banks out and I never Came back to me that try and give me work. I said no, I don't need it. I said I'm teaching at more house, so I got my benefits and check that. I'm going after you guys for the rest of my life because you never gave me a break, you never gave me a Right, so I do that to this day.
Speaker 4:I'm currently doing two gas stations in albany, georgia, for a brother who couldn't get the local banks and appraisers to give him, uh, the right value or correct value so he can get a loan from the bank. So he got, he got me, I went down to albany I'm doing those reports right now and gave him. He's using carver state bank, the black bank out of savannah, and they're going to fund it. Yeah, that's what we have and I've been doing that for 30 years. I've been. That's why I do afraid of all over the country. I get them from all over where, especially in the southeast, that system has been in place where they froze blacks out of commercial and residential development, but that that non fdic money. And then they send me in there because they need an mai appraiser and I can do the appraisal and the banks will lend them the money. We just did six months ago a seafood Of factory in brunswick, georgia. This guy was the police chief down there and couldn't get money.
Speaker 2:I'm sorry because your paul's right there for a moment. You know I don't want to get too far in the woods and that, but here's what I do want you to speak on is that the appraisal industry, and what opportunities are available now to the young people? That's at morhouse, so I know your program is open to the public. Okay, what type of opportunities exists? Because we need more brothers and sisters in the appraisal business. When I say brothers and sisters, y'all, I'm talking about my latino brothers and sisters as well.
Speaker 2:All right, yeah so we need more black, brown people in this industry Real estate in particular, but appraisal specifically. Can you speak on that? How does that morhouse program help get others involved?
Speaker 4:well, that's why Mr Button is coming to speak on thursday, because he went up to congress maybe about a year ago and a couple of those brought another couple of those congressmen Handed him his head Be. For that exact reason and because of that, he, along with everybody else, companies, but especially in the appraisal business, everybody else is really looking for more. They call it, wasn't called DEI this diversity, you know wherever the acronym is. They want to meet this week, right, but they are really into trying to get more African Americans in the industry and they need it and there are more.
Speaker 2:We have that word of inclusion and diversity, because you know, when I'm talking about pro-black, okay, and I know yeah. We all know, and as you know we know, there's some trickeration with those acronyms. I mean right, diversity and all that nonsense, but right, but keeping in terrain or what in your flow. Go ahead, bro go.
Speaker 4:Yeah, no, that's all right. I was just saying that that's one reason why he's coming and I, you know, I'm gonna be real here for a minute, please. Okay, cuz you know I thought in more house long time. I Don't mind people coming to. They like to come to more house and kind of kiss the ring and talk about all this stuff, but I'm telling you people up, telling people right now, I don't play that kind of game, right? What I mean is, yes, he's gonna come speak. We're happy to have him speak, we're happy to have some other people that are gonna join him to speak and talk about this inclusion and more minorities. But this is for him to participate. Is he's got? It's got to be long-term, right? We have, I have the appraisal Institute, of which I joined the rubber on first black in back in 92, to join here. It is 30 years later and they finally come to me. I think about that now here I am.
Speaker 4:well, we came, you know we have a hard time with HBCU's.
Speaker 4:I said, well, I've been a member for 30 years, you ever talk about looking me up and give me a call and Asked my opinion on what to do see. In other words, you can say one thing but act, like my mother said, actions speak loud in words. So you can say all that stuff you want to, but I want to see some action. I Think the appraisal foundation, the appraisal Institute I went to their meeting last week. I think they're finally I'm seeing some action. I haven't seen that before but I'm seeing some action. I think I see action for two reasons. One, in the Community in general, they're not a lot of young people going into the appraisal field period.
Speaker 3:Right, not just. Why is that? Why do you think that is?
Speaker 4:part of it is the technology is different. I mean, you know, young people are made, are able to make their money so many other ways and do so many other things. That's just not something that they're interested in doing. There are so many more options Because in order to be an appraiser, you've got to work for somebody for, for small wages, and most young people is able to shoot. I mean I can, I can do it online business, make all the money I want to. I don't need to be a, you know, a workhorse for little or nothing for somebody for three or four years, and the average age of appraisers are is over 60 years old. Now something I thought you know. That's ridiculous. So they they're not getting many at all. So I think they are really the changes I've seen with the Institute and the foundation. I think this time is for real, which is why I decided to allow them to have this form that they wanted here at Morehouse.
Speaker 3:So what is the foundation doing to procure More, more people to do this that are outside the the university structure?
Speaker 4:that the foundation basically overseas Fannie Mae, freddie Mac, all of the Appraisers associated with those organizations, the appraisal Institute, the American Society of Appraisers, the National Society of Real Estate Appraisal they all have to report to the appraisal foundation. So when? The appraisal foundation begins to work. They require more diversity, basically more black folks. All of them have to listen, and the reason that they're pushing it is because Congress Got on and tell them this is something that you have to do, or?
Speaker 2:we're gonna make some changes. Oscar, let me ask you a quick question. Says, as you're talking and I'm just thinking right now, it's people like yourself. I look at you as a journeyman appraiser, because I'm thinking now about the automotive in it. And so as a journeyman appraiser, you could bring on other apprentice appraisers and so okay. So now they have to work under your tutelage in order to get experience right. And I know in order for them to get experience, you have to have work to give them and and here's where I'm going with that and Perhaps there's a fund, a foundation, somebody that could fund this is to offer free appraisals, maybe to a certain block of people in the community, maybe senior citizens, let's take and the units data is easily and readily available free appraisals for senior citizens on their properties within a specific Community.
Speaker 2:Allow these apprentice appraisers, under your guidance and tutelage, to do those appraisals so they get experience. There's got to be a foundation, somebody out there, that will fund this type of program for senior citizens. I'm talking about a niche market, but it's going to help our senior citizens in our black communities not only save their homes my pops, we get refinancing to repair their homes and their properties or at the worst-case scenario. I look at a worst-case scenario sell, okay, and then move into a senior citizen's facility. But beyond, before we go that far in the woods, is that something that's possible, that we could, that you guys could do, or that, with the help of someone else, that we could get this thing done?
Speaker 4:Yes, it could be the. The issue you have with with training appraisers is Everything is being digitized.
Speaker 4:Yeah, I understand that okay because of AI right go ahead yeah so everything is online and being digitized AI, all of those things. So what we used to do long time ago when I was training appraiser I Don't need them for that anymore. That's the problem, right, I don't need it. I don't you know. Yeah, you could have somebody go by, ride around the property and take some pictures, but I can go on Google and get current pictures. That's true. That's true, right? Um, I, when we talk about, we used to send them down to the courthouse for a day collecting, looking up their sales and Going into the D books and getting the maps and all that stuff.
Speaker 2:All that's online now but they still need training, though, right, I mean how exactly?
Speaker 4:That's the problem. They still need training, but again, I'm using more AI to write my reports, so stuff.
Speaker 2:So it's like your appraisal business is on its way out. I mean, in terms of numbers, it's like a machine can do it. Now, you know, you stick in an address and AI, the machine does everything because it has that data in there. It has access to co-stars and those like co-star to give you the last sales, and so on and so forth.
Speaker 4:Right and, depending on, like, like Georgia or these open record states, all the sales going at least all the way back to the year 2000, if not to the 90s. All that stuff's online so I can go into the courthouse and pull up everything I need.
Speaker 3:So this is everything this brings me to this question, oscar, since since we you, you've articulated the fact that you know the appraisal business may be going out due to AI and all these other digital things, what are some of the other Avenues that that your program, that you're instituting, besides the appraisals, will offer as a way for us to to get around some of these hurdles that we deal with in the black community?
Speaker 4:Well, our our big thing. We don't, we talk. We want to expose the students to all these different areas sales, be a broker, a praiser, inspector, okay that. But most of our students are going to go beyond that and become developers. They're going to be investors of multiple properties. So we look at it that way also. That's really how we look at it. We want our students to either go to graduate school and get an MBA in it or master's degree it's something or get a PhD in it.
Speaker 4:But for those that, like me, are practical, I'm going to show you how to buy 20 homes in the next 10 years. I'm going to show you how, how we're going to take those 20 homes and flip them into an apartment complex. How we're going to you know how we're going to buy a shopping center. Those kinds of things is what we're going. What we're talking about most of most of what we're talking about is how to be a long-term investor. To do what to Create your wealth Right get your dog, get your wealth out of that dollar and put it in the real estate right now.
Speaker 3:You know, you, you, you. I Love this concept, I love this concept and I love the concept that you're offering on a university level, but let's talk about let's talk about these kinds of concepts and programs what you're feeling about these kind of concepts and programs in a high school.
Speaker 4:Well, I teach this in high schools. Now, okay, when I'm invited, I go to. I've got the. I go to high schools, I've got the churches in which I've talked to people and I talked them, the same way I talked to my students at moron, because it's everybody, real estate touches everybody.
Speaker 4:And In some cases I show them why you do not rent for 20 years, right. And then people say, well, I don't have any money to invest in property. How about if I show you how you can buy property without needing any money? Now, you might have to put a little bit elbow grease in there, but I can show you where you can find some properties where people just are, they want to get rid of that property and you go in there, you buy that property, how to buy, and put that elbow grease in it and stay and get started Once you buy one. The second was easy. The third one's easier and before you know it, you rock and roll it with 10 of them if you want. And Then we have to show them why they want 10 rental properties, right, you just don't tell them. Show them why, show the math and show why in a decade or two, your life is gonna be so much different and your children and grandchildren's lives are gonna be so much different.
Speaker 2:Yeah, you know, oscar, you're right in my lane now and we're talking about building legacies. You spot on. You know we have to teach us and show them. You know and I'm kind of thinking about those listeners out there whoever who may not be the collegiate type, may not have that academic, an academia in their bloodline. I was one of those. However, I did have the persistent and consistency and determination to achieve those things that you're talking about. So right for those.
Speaker 2:We need to have those outlets also, so we can show them how they can create Generational well, build legacies. Not hit a lick, what is just some flip and flip crap, but be able to build a legacy so that the rental properties and whatever real estate that they invest in will continue to Provide cash flow for generations to come. We have to get away from this short-term thinking and start doing long-term planning as it relates to creating wealth. Too often, you know, we hit a lick and then next thing you know, we rack back at it. You're broke. You got to continue to do that thing. So it's got to be a way of creating businesses that are scalable, that are profitable and, more importantly, that are legacy driven, so that you don't have to keep inventing the wheel.
Speaker 2:So, with me saying all that, how does the program and I know we want to kind of like get to the core of this program? We talked a lot about the appraisal. We certainly have opened up some dialogue and some holes where that could be filled with that. You're at your program there, but what are the end results? You know a student at Warhouse completes that program. What are the expectations? One state complete that program.
Speaker 4:Okay now, first of all, what the program does is we provide a Concentration in real estate. They have a masters, they have a major in finance, but a concentration in real estate. But our program is not just Morehouse, but we also have Spelman and Clark AU students. We're also reaching out and begin. We'll be beginning classes at the Morehouse Medical School, because my father was a doctor and he we talked about this.
Speaker 4:He said he went to medical school, did all that stuff, but when he came out and opened up his practice he was an entrepreneur but never took a business class. Then he started making money. He didn't even know what to do with all that money, Didn't know how to buy real estate, Didn't know what he heard, Didn't know anything about it. Nobody ever never took a class on it, never did anything. So I always told him that one day that's one thing I want to do. So that's a personal thing for me, but also in the community, that we need to get out there. We're going to have students and alumni and professors reaching out through this institute to the community to talk about these issues. Because even if you didn't go to Morehouse right, even if you're not a collegiate, if somebody comes out and talks to you about it in the right way. You pick it up, you'll understand what we're talking about.
Speaker 4:This is not rocket science, this is just. I think some people need to sit out and someone needs to show them why you have to buy and own real estate Right, Because, like you said, many people I know many people their whole generations, their all their ancestors all they did was rent. They don't know anything about buying or what it's like to buy, and so we've got people who are first generation who can sit and talk to them about. Yeah, I remember my grandma lived in the housing projects and my mom lived in housing projects, but I own four or five houses myself, and now I see the difference. Now I understand it. Let me show you why. And they can talk to me in a way that different than maybe I can.
Speaker 3:So for our audience, Oscar, how does our audience get in touch with you when they're interested in connecting with your program?
Speaker 4:Two ways. One way is you can reach out to me directly. Again, my name is Oscar O S C A R and then Cistron S I S T R U N K, but you can. All you have to do is Google my name and all my comfort. All my information comes up and you can reach out to me. I tell people I live in the cloud. You can contact me anytime, it doesn't matter, all right.
Speaker 4:Second of all, you can call more house and say, hey, I'm interested in the more house real estate institute and they will. They'll plug you over to me or you can. You can now Google probably more house real estate institute and we should pop up and there's a YouTube video out there that talks about us and gives us our phone, gives you my phone number and all that information. So, as our social media expands, you'll be able to find us and, if you want to, you can have any one of us come talk to your organization. We come. We got students will come talk to your high school kids about it. I'll come talk to the high school kids. We got this. Other people just than just me. There's a group of about five of us that are alumni that are in the real estate not only teach it, but we're in the field doing it every day.
Speaker 2:Yeah, that's excellent, excellent. Look here, man. You know, as always, you know we own a time limited with the podcast, but I tell you, oscar, you bring so many jewels that we could go on for at least another 30 minutes with more questions, and I'm sure you have more information to share. And no, no, and without a doubt, we will have you back again, but as we have to start to wrap up here, you know, is there any other parting information that you have that you want to leave with us? Before we go? And before I say that, I want to let the past of Mike over to PC just in case he had one more question or what have you and we will go, go toward the goal. Pc, you got anything.
Speaker 3:You know, oscar, I have not always been interested in real estate, as I'm sure others have not, including our listening audience, and you really bat at home a lot of intrinsic value that we can take and utilize on our own. The connection that you have, that the teaching and so forth and so on, I consider a great, great, great, great value, especially when it's applied to our community. So we have to invite you back because I know you got a lot more to say and with that, gary, you have any words of wisdom for today, sir.
Speaker 2:Oh yeah, absolutely, baby. I've been waiting on this moment right here. Let me tell y'all something Never regret a day in your life, hello. Good days, good days give happiness, bad days give experience. Even your worst days give lessons. And your best days give memories, hello. So look, like we like to say on the crotch of the old man. If you didn't know.
Speaker 3:If you didn't know now, you know.
Speaker 2:All right, peace out. Peace out until we see you next time. Stay safe, stay prayed up, stay with us.
Speaker 3:We're out. This is Dr Paul Clements with the Crotch of the Old Men Podcast. If you're interested in financial tools to build wealth and you're interested in ways to maximize your health through holistic alternatives, then you are just the audience that we're looking for. Tune in each week, every Thursday, to the Crotch of the Old Men Podcast, where George Crumley, gary Smith and I offer you in-depth discussions on health and wealth. Subscribe to the Crotch of the Old Men Podcast on Google, spotify, apple, iheartradio or wherever you get your favorite podcast.