Beards on the Street

Beards On The Street Episode 27 - Real Estate Revelations and Seasonal Celebrations: From Office Aesthetics to Cancer Advocacy and Fannie Mae Insights

• Parry Dean Ward & Aaron Pehrson

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Navigating the roller coaster of work and parenting, we've tossed out the tired whiteboard and brought in a glossy new TV screen to keep things fresh in the office – because let's face it, aesthetics matter even when you're knee-deep in paperwork and deal-making. But beyond the shiny new upgrades, this episode is a heartfelt journey through the joyous moments of handing over keys to new homeowners and the nitty-gritty of marketing properties under the watchful eyes of stringent community bylaws. Our banter may drift to the whimsical topic of seasonal beards, but make no mistake; whether it's the thrill of a close or the quirks of our personal lives, we're laying it all out on the table.

As we shift gears, we're tipping our hats to the extraordinary Courtney, who, after gracing us with her presence on a past episode, has turned her cancer fight into a beacon of hope, crafting care baskets for those walking a similar path. Meanwhile, the family-friendly carnival we've got lined up promises to be a Halloween delight with obstacle courses and pumpkin fun for the kiddos. And for those with eyes on the prize of real estate investment, we're dishing out insights on Fannie Mae's latest initiative that's igniting opportunities for prospective landlords. So, tune in as we blend stories of charity, community spirit, and savvy market navigation - it's an episode that's bound to resonate and maybe, just maybe, inspire your next big move.

Speaker 1:

That's a nice shirt, by the way. Happy, happy Friday people. How are you Morning? Morning man, how you doing, dude? A little frazzled. Yeah, you walked in the office. What, like 30 seconds ago? Yeah, literally Daughters back in school, everybody in my life's working.

Speaker 1:

Gotta be a dad, you know. You have responsibilities too, aaron. It's not just you, I know, I mean, it's not everybody else. It all due to hey, the buck does stuff with me Always In that arena. I know I get it. Yep, even though you stress me the hell out, I'm a sucker. Well, welcome man, friday morning.

Speaker 1:

Baby, hey, that you ready to, you've been giving me, hand me down, pass me down shirts. I need that one. Yeah, no kidding, that's a good one. It is Heavy, heavy like canvas or I don't even know what you call it, but it's a heavy shirt. It's like a good Harley shirt. It is a good Harley shirt.

Speaker 1:

Yeah, what's going on behind you? There? We have some new eye wash, darian made for us, and a TV display, so I don't just have to stand in front of a whiteboard. Well, it's about time, dude. I was getting tired of looking at the whiteboard up in my side of the room. So which one of those dudes. Are you the pretty one? Of course, right, whatever what? Gabe saw that and he's like dad.

Speaker 1:

You got the Hollywood hair Beards, beards close, but Dean looks just like him. Got the rough look by beard's going everywhere, got the hat on. Aren't you growing back out to that? I'm thinking about it. Yeah, I don't know about to that, but I'm. It's winter man, it's October, it's a. I always start in October instead of the no shade November. See what happens in two months, right? Yeah, so look at the length We'll get her down to about here. You think you can do that in two months. I think so. Wow, we'll see. Wow, my hair grows pretty quick. That's healthy. Yeah Well, welcome everybody.

Speaker 1:

It's been kind of a crazy week, man. I just. I feel like I'm just busier than a one legged man in an ass kicking contest. Dude, you have been. Maybe it'll slow down a little bit now. I don't want it to slow down. I like being busy. Busy is good. I wouldn't. I don't wish that on you. I just meant that the busy is out of the way a little bit. Maybe you can breathe for half a second, right? Well, you know it's. It's been a good week.

Speaker 1:

I had a couple of closings yesterday. Uh-huh, uh, here, gotta do a little bit of bam, check that out. Woohoo, how to. Uh had one closing. I don't have a picture for the other one, but they should both be funded and ready to rock and roll. Today I can turn over some keys, baby. Yeah, I get some people in their new house, my favorite part. Yeah, that is a good part. You know what I mean. Yeah, absolutely that's what it's all about. Really it's what it's all about.

Speaker 1:

And you've, you've been busy too, man Out showing houses. You got, you got all kinds of stuff coming up over the weekend here I'll throw them up. Let's just talk about them right now. Huh, yeah, there's yours, dude, Is it on the screen? Stansbury, open house. Stansbury, open house. Baby, yeah, I'm gonna do it a little bit of a price correction on it. Just bring it in alignment to get it to move. And we're opening it tomorrow 11 to two.

Speaker 1:

It's a. It's a great property. It's 2400 square feet, it's a four bedroom, two bath, sweet, beautiful house, lots of custom customizations. He's a, he's a a countertop guy and you're, he does your own glass. So I mean, as you can imagine, those bathrooms are just incredible. Yeah, way cool, yeah. And then I know Shauna has one as well and hers up there.

Speaker 1:

It's a condo in a holiday, yeah, and holiday for three, 10. Yeah, yeah, it's 940 square feet, I believe, two bedroom, one bath. You know, I went in the rain, we both got soaked. She stepped in a river and put up a sign that you had to go pick up, like an hour later. Yeah, what, johnny Duget was there in the, in the complex, let, let, making sure we knew no signs were allowed and their sign was stupid. Can I say this condos for sale, yeah, so basically, we're able to load a flyer. You give, you give people just a tiny bit, tiny bit of authority.

Speaker 1:

I don't see how that benefits anybody not being able to properly market the, the, the home you're part of a community in. It hurts, let's be honest, they don't give a shit. It hurts the community, man, it does, and it's. You know, it's irritating, but it's right there though, off Murray holiday road and right behind the old training table and right there on the corner there's the, the, the. I think it's fresh market there, or sprouts, yeah, and um, and then behind the liquor store.

Speaker 1:

But it's, it's a, it's a, it's a great unit. Uh, it's a ground, ground level, back in the back of the community. So it's, I mean, wooded, beautiful, yeah, by a river. It is beautiful, mm. Hmm, sits off the main street. So you got Highland right there, just directly to the east. Yep, um and uh, where the mall used to sit. All right, yeah, that's right. So, and boy, are they building that area up right now. That's crazy, what's going on over there. And those babies are spandy, are they? I need to take, I need to take a look at that. Yeah, maybe go to a tour we should. Yeah, good, good idea, big time spandy dude, really. So, all right, well, this is an inexpensive way to get into holiday. So, if anybody has any kids or relatives that are from the area or want to be in the area I'm laughing because Matt's Matt's text to me saying you said shit on the program, welcome to me, that's.

Speaker 1:

That's a calm word. Yeah, we're lucky. That's, that's reserved, that's careful. Welcome home, matthew. Where's he been? I think he had some kind of an event back east. Uh, uh, with clean spark. Uh, I saw some posts where he had educating, teaching people about crypto and crypto and just finance and and and clean energy and the whole bit. You know he's got his. He's got his fingers in a lot of that stuff and he's really, really good at it. That's awesome, yeah, it is awesome. So, welcome back home, matthew.

Speaker 1:

Hopefully I get to spend some time with you this weekend, buddy, and uh, we'll drink some hot dollar whiskey. I'm coming then. Okay, so quick, shout out uh, uh tonight. Uh, for those of you around here that have ever been up on uh um South mountain, uh, up in Suncrest, the the royal on the ridge that's the new uh the ridge, my buddy's restaurant up there, slash pizza shop, slash whatever. Uh, his daughter, tara, took it over and has been just busting her hump to get everything set up and ready to roll. So tonight we're uh and you can come and go with us. We're going to, I'm going to, I'm going to bring out the the creeper, my rat right, and burn it up there, and and Todd lets all of his friends and family come and hop in one of his souped up supercars and we parade up there and have a good time. That's awesome, yeah, it's going to be fun and I'm excited to see what Tara's done up there. Heck, yeah, yeah.

Speaker 1:

So, uh, everybody and anybody uh the ridge now is called the royal on the ridge, that's up at the sun, up at Suncrest, right at the stop sign. You just go, go directly to the south and it's right there. Um, killer food, killer atmosphere, uh, just a great place. That's awesome, so, yeah. So a little shout out to you, tara, on that one. Um, matthew said, yes, sir, welcome home. All right, brother.

Speaker 1:

Well, uh, what are we going to chat about today, dude? We've talked about, uh, talked about the funds going on. We talked about opens, we have our uh, I know what I want to talk about really quick, okay, uh, anybody and everybody on Monday, this coming Monday, starting at four o'clock, four to seven, 30. Uh, aaron, didn't you actually go out there and kind of check this place out?

Speaker 1:

Yeah, I was cruising by and just wanted to kind of take a peek, what they're putting together and what you see, dude, oh, man, um, I mean acres and acres of, I mean obstacle courses. They've got cornhole, they got bounce houses, they got blew up slides. You said cornhole. Yeah, that's funny, as I I, I pointed it out, that I laughed after I showed it yesterday as well, cause it. Oh, oh, no, what did I do? It sounds funny. Yeah, it's just a funny word, I think it's a word Beavis and butt head, right, cornhole, cornhole, holy, oh yeah.

Speaker 1:

But so anyway, monday guys, monday afternoon, if you want to go, we got tickets, we got lots of tickets. So, freaking, hit us up. Man, come visit, bring the kids, bring the grandkids. We're going to have a booth. The kids can do some simple, easy trigger treating. Before it's even happening. They get a I think they're doing face painting. They get a pumpkin, all kinds, and there's bounce houses and all kinds of fun stuff. I know all my grandkids are coming. It's going to be fun. It's really set up neat. I mean honestly, I didn't, I haven't done one with them yet and I haven't either going out there and seeing what they've actually put together. It's neat, good, I'm excited, excited about that. One dude Also just want to do a quick shout out.

Speaker 1:

A couple of weeks ago we had Courtney on here. She's doing a really cool thing where she's turning 32. And so she's putting together 32 basically baskets. I know my wife was working on her contribution to it and anybody that wants to help out or donate or even nominate somebody to be a part of that. So where are they going to the baskets? The baskets are basically for any women that you know, courtney just is Battling cancer.

Speaker 1:

She's battling breast cancer, had double mastectomy, and I mean we talked about if you guys didn't see that series or that episode that we did. I highly recommend you watch it Cause it was pretty touching, wow. I mean talking to her about how she was just scared of death and all the thoughts going through her mind of, you know, her husband getting remarried so that somebody can take care of her kids, and I mean, dude, it's scary. Wow, yeah, I'm getting chills just talking about it, but anyways that shows the mother's love, though, honestly, is putting thought in ahead of time who your husband's going to marry to take care of your children. Yeah, I'm just crazy. Who's going to love my kids? Wow, so that was episode I know episode 25, I believe, was that episode, guys. So watch it and get involved.

Speaker 1:

I mean here she's going through all these major life changing things and then in the middle of it, her husband lost his job. Oh, wow, I mean, dude, I could go on and on and on. Talk about the strength of people that are getting kicked in the teeth. Anyways, she's such an amazing person and she's reaching out and basically putting together 32. And these are not just simple, easy baskets, dude. I mean, they're pretty cool. That kind of care she's putting thought and care into them To just get the people that are in need, whatever it is not just cancer, but people that are just simply in need. Okay, awesome, that's it, that's amazing. Or going through a hard thing she said so pretty cool thing. Man, I'm just telling you guys, you know, be cool and get involved. That's what we love.

Speaker 1:

One last thing, aaron, I'm just trying to take care of everything here and we can get in and talk about what we're talking about. Do you even know what we're talking about? Cause you rolled in here so late. I don't. I thought we were talking about the things I've talked about or that I suggested we talk about. Good thing, I'm here. No kidding, what the hell happened to this program? No kidding, you know we're lucky today you're here. Thanks, aaron.

Speaker 1:

Okay, so, guys, our mixer next Thursday, the 12th, is gonna be. It was actually the very first place we ever did a mixer at the midway, in mid. Is it Murray or Midvale? Midvale, dean, why don't we wrap? I mean, help get some of these baskets for that Great idea. We will do that. Have this be part of the charity we're doing this month where we ask people to come and contribute and basket contributions. Okay, that cool. Actually, that's a great idea. Okay, that's it. That's what we're doing is we're gonna and we'll send out invites guys. We'll do them personal invites to you. We'll post it out a bunch of times between now and next Thursday, but come out and support the cause.

Speaker 1:

Dean, this is about the time we started our mixers. Is this our annual? I think we're hitting our annual dude, is it? And we're back at the midway. Dang Midway was awesome too, it was. I'm surprised you're taking us this long. We did a food drive and we took a ton of food down to the food name. Yeah, that's where it all our mixers all started. Yeah, I love it. Man, this is seriously one of my favorite things, and not because of the mixer, but because of the charities that we've supported throughout the last year and the great people who keep coming and supporting Seriously killer people, our friends and other than your brother.

Speaker 1:

I'm a little disappointed in him. He came to the last one. Yeah, I know, I think he's trying to. He's like I was at the gym. Yeah, he's like what? Give me a break. He's super focused. He's really trying to dial stuff in. Well, I like his face, so tell him to come out and hang out with us. All right, guys. So we got the mixer coming up, we'll blast that out. But Okay, so we, uh, we just found out that Fannie Mae and for those of you that don't, I mean, everybody knows what Fannie Mae is, don't they?

Speaker 1:

They're the big lending bodies that credit Mack and Fannie Mae. It's where it's. It's kind of the big governing body over lending right, set all the criteria, government backed, blah, blah, blah. So, guys, here's the bottom line. If you are wanting to buy, uh, any kind of a unit or or or property that has more than one dwelling or unit on it, for example, a duplex or a triplex or a fourplex uh, previously to what we're going to talk about, you would have had to come up with anywhere from 15 to 25% down, right, yeah, and 15% down rates are out of control. You'd have high MI. It would make it make it super unaffordable to be able to actually buy one of these investment properties, because they ding you with rate, yeah, big time. And I mean, come on, guys, I mean, when you're looking at a, uh, you know, I sold the sixplex, which doesn't fall into this. But just to give you an idea, I mean you're talking millions, yeah, um, you know, yeah, there are some fourplexes out there that. But I mean they're going to be pushing a million dollars. They are going to be a million plus bucks. I mean, at 25%, dude, you're talking $250,000. That keeps a lot of people out of that game, it sure does, yeah, so check this out.

Speaker 1:

Fannie May just came out with a brand new program. It doesn't start until mid November, I think I read in November 16th is when it hits. But they are going to offer, I think it said, for a duplex it's 3% down and for triplex or fourplex it's 5%. Wow, 5% guys. Previously you had to be an FHA owner occupied to get that. This one that is owner, I did read, but it's not FHA, right, exactly. This is conventional guys. This is conventional Yep. So you do have to live in one of the units. But I mean, I have tons of clients that have tried and looked but just couldn't come up with the down and you know it was just too rich and they still got to sticking by one, a single door, a home, and have to afford the entire thing. Now you can actually take that income off those additional units as part of your qualifying income Exactly.

Speaker 1:

These are huge moves. These are, I'll tell you, what you millennials who want to get into the real estate game and actually own assets this is a way that you can get into Own investment property. This is a way you get into it. Those three other doors will pay the majority of your mortgage and you can enjoy and become a landlord and, in the next 12 months, go buy another property. This is just. You're so far ahead of the game. It's amazing. There's been some, some seriously cool stuff come our way. It really has recently. It's it's. You know, last week we talked about the hole where you can actually wrap the, the, the renovation, renovation cost into the loan. And now Fannie Mae comes out with this amazing freaking product where where the American dream dude.

Speaker 1:

You know everybody's so keen on those rates right now. But the rate? Stop worrying about the rates. They're going to change, they're going to come down and you can just refinance. That's right, these, these units. Now I mean, yeah, rate impacts thing, but you might actually be able to get a property at a great price now. Well, and even like we talked last week. You know, if you're worried about the payment, we've got three, three, two, one buy downs, three to one buy downs, whatever it is. We talked about them last week. But I mean it's, it's, it's doable temporarily by that rate down and then in the next you know six months, when rates start coming back down, refi out of it and better your position. But get your name on something Exactly, I like it. This is huge, it's going to be fun, I know, I like it. Yep.

Speaker 1:

So any of you out there looking for an investment property where you don't mind living at the investment property for whatever period of time and I don't know what the, what the qualifications are, how long? Technically a year, oh, your intention is technically a year, that's right. You have to have the intention to live there for a year, right? That's the plan. That is the plan. Tell you what guys it may not.

Speaker 1:

If there's even an idea that this, you know, sounds interesting, let's, let's get an appointment with Dean and I am and sit down and kind of create a strategy. At least look at what it looks like, stop thinking about it and react, and even if it's waiting till rates do move, let's get looking at it. So when rates move, we find the right deal for you. I mean it doesn't hurt for you guys come in and and us sit down with you and and we chat about it at least. I mean it's knowledge, guys. Knowledge is king. It's a consultation and it's a. It's something preparatory to be able to get your ducks in a row to when it's time you're ready, exactly, yeah, and it helps you get a game plan to get ready. That's right, instead of just right or or just out of fear, or thinking about, yeah, thinking of overthinking basically keep you out of out of making the right moves to make it happen. Yeah, I mean it's.

Speaker 1:

You know, one of the two closings I had this week was was a beautiful couple that that basically they bought a new unit and they kept their unit townhouse so that they can start building their portfolio. Okay, the other ones were were new home buyers, dude. I also put some another cute little couple that I met golfing with my son under contract on a brand new build that they're going to be in before Christmas. It's so cool. It sounds like you need to go golfing more. No kidding with my boys, right, I remember golfing with my dad, dude. Yeah, I mean, that was, that was a. That's one of my biggest memories in the right before he died was just going golfing and having him come to my kids's football games. So, yeah, awesome, yeah, alrighty.

Speaker 1:

So we talked about the Fannie Mae, we talked about all the other jibber, jabber. What else you want to talk about, aaron? Well, um, well, there's that, but I but also kind of bring back one last program that I was excited about is is, uh, is that a rapid depreciation? Or the? The? Yeah, basically, basically, when Trump left office, he created a brand new tax loophole and opportunity. So it's also this will relate actually to that program that we just talked about the, the 5% down multi-family.

Speaker 1:

But basically you're able to make a purchase on an investment property and specifically I'll talk about Airbnb's, which is kind of a hot button. You can buy an Airbnb now, uh, or an investment property, and you're able to to depreciate, um, the vast majority of the depreciation first year, and so what it does is it you know the hard kind of, some hard numbers basically is a third of the actual purchase price of the property can be depreciated or written off of your taxes the first year you purchased it. Wow, yeah, so $600,000 Airbnb somewhere, 300. Yeah, you know, 200. We'll write off? Yeah, we'll write off 200, but that's probably your. You know, if you're looking for that kind of a property, that's probably your annual income, yeah. So now you, you, you write that off. You don't have any taxes. There's your down payment, there's the cash flow. I mean it, it he's basically created an incentivized opportunity to go buy investment properties and and you know, experience those appreciations first year and then next year you could pick another resort town, pick another place you want to travel. So combine this with the other one where you can actually take Uh, I don't see why not. Wow, yeah, wow yeah. So not only do you get the major tax breaks with the one program, but you don't have to have a ton of money in your pocket to do the, to do the upgrades or whatever it is you want to do, right, wow, yeah, they're you guys, they're they're opening this up wide open to make it, I mean, really attractive and an opportunity to actually get into investment properties.

Speaker 1:

Everybody is interested in doing Airbnb's, even if it's not in our state. Guys, come talk to us about it. We have CPAs and tax advisors that we can put you together with Um. We have lenders that are, you know, multi-state licensed Uh, they'd be able to. And we have networks of agents that we can put you in front of. And, let's be honest, it helps us because if we refer you out of state guys I mean, our whole entire business is ran on referral basis. We count on you guys helping us out, and when you give us a chance to refer you out of state which I have a couple of those right now in the works they pay us a referral fee, guys. Yeah, but it also keeps us in tight. Yeah, we can be watching it take care of you. Yes, it's, it's, it's just a win-win win. It is. But if you're looking so I don't know a couple different places that may be good here in Utah to buy St George, obviously, airbnb, that would be a hot spot.

Speaker 1:

Idaho, idaho, moab Park City. Matt Lander Does he like Lander? He grew up in Lander, did he? What's up with these Idaho guys? No, lander. Wyoming, oh, wyoming, even better. Yeah, I'm the middle, we're men-or-men.

Speaker 1:

Sheep, road scared, sheep, road scared. That's actually an ongoing joke. We totally give each other so much prep and have it through the years, and all of our whole party. That's awesome that and the fact I live in Draper and we all know what that means. And you have a black wedding ring. What does that mean? I don't even know. It's not just the pineapple, it's the black wedding ring Shut up, aaron Baby, did you hear that? Look, can't even get it off. How are you rolling over Bam? What does it say? I don't know. Are you serious? Yeah, it's one of those. I don't know if it's that. I mean, oh my gosh, yeah, I understand. It's like a, it's a signal. The subjects that we get on right On this program, okay, anything.

Speaker 1:

It's been a quiet week with concerts. It has been a quiet week with concerts. You know, I actually just give us some notice, probably not. Yeah, you didn't come to the last one, that was a good one. You missed a good one.

Speaker 1:

But I mean, now we're kind of coming into the fall and winter and it's. You know, everything's moving indoors and you know I went and saw Samantha Fish at Commonwealth. That's a killer concert and the guy that the open for we talked about it last week just amazing. Yeah, but we got. I mean, Tommy Castro is actually coming up, is he? Yeah, like next week, I think, okay, or next weekend.

Speaker 1:

I think it's a weekend concert, okay, but I'm not sure I'll look Okay If it's a weekend, sorry, buddy. Yeah, you take wifey, I'll take the wifey, that's okay. If she'll come, that's okay. There's no guarantee she'll even come on the weekend. I know that's the preference, but I'm a good date. You're a pretty good date, it's, it's pretty good. You snuggle up. Well, right, it's getting cold now. I'm good snuggler, right, like I need the freaking heat, right? All right, guys? Well, I think we've hammered enough at you and you act enough. Last reminder Monday come on out, please. Monday, pumpkin patch baby, if you have kids, bring your kids and come on. We got tickets for you guys. It doesn't cost you anything but a little time with your kids. Yep, just saying Yep, it's fun. So reach out to us. Direct direct messages, text us, call us, whatever you need to do. We got tickets and would love to have you come out and join us. And then we've got our mixer again next week. Next Thursday, next Thursday Love it, all right, guys. Have a fantastic weekend and a week.