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Let me ask you what is retirement to you? To me retirement does not mean I don't do anything. To me it's I don't HAVE to do anything. I don't have to self manage anymore, I choose to because I still can. As far as making videos I make them to share my experiences, to create a legacy. Not to make money. I'm so far away from monetization that it may never happen for me. And that's ok. Thanks for watching.

@@WithClint It means you stop doing the work you did your whole life and make a new life style choice. You're just doing what you all have been doing... That is not retirement. You can not stop doing what your doing.. You have to wake up every day and keep doing it or it will go away. You can't stop. Retirement is being able to stop.

@ironwillie7666 I respect your version of retirement. We definitely differ in our definition of retirement. My life is no where near what it was like when fully managing 12+ rentals. That IS work.

@@WithClint I get what you are saying, but you are still working at least 20+ hours a week (part time). Just because you love it, doesn't mean it aint work... Just because you are more efficient does not make you retired. You are a hard working man. You can't stop without losing your wealth. You are actually a slave to your work.

@ironwillie7666 That's not true. I am far from a slave to what I choose to continue doing. I could stop today and not lose any wealth. I truly do what I do because I want to and on my terms. Infact you mention the fact that I do videos. I do them because I am retired. I would have never had time before. Great conversation. Thank you.

@@Richardfomado That's very kind of you. Thank you.

@@Diecastinator Goid on you for sure. Your journey sounds quite similar to mine. I did sell my 4plex after 20 years of ownership because when the covid shutdown took place it was very difficult ti travel to Alaska. Thanks for watching.

@@pizza4me298 I hear you. Inflation these past few years has been crazy. Best of luck to you!

@@WithClint You too!

​@@pizza4me298 Thank you.

@@jeoinaforest Glad to hear it. Thanks for watching!

@@YourTransmissionRepair I've never found it to be like a job. I guess because I can do it on my time and not punching a tme clock. But as I get older I have definitely sold off the problem places. Thanks for watching.

@@BoxingBombs Thanks for watching! I was 34 when I bought my first rental. Don't let the 'what ifs' cloud your judgement. Do a real 'pros vs cons' list and do what works best for you. Good luck!

@@schickmann Thanks for watching. Sounds like you are on the right path. It's funny when I started the game of rental real estate back in 01 I never thought of the exit strategy. It always seems to take longer to sell a place than you think it will or want it to. Good luck. Shoot a question anytime.

@@lifewithmargot For sure! Nobody ever really talks about that. I have always felt payng off the rentals is where the real cashflow is made.

@ 💯

@@bobsmithers Wow! Smart move!!!!

@@WithClint No. It's not. It's a literal gamble..

@@Maneyh You're right. But a gamble that is currently paying off at the moment.

@@WithClint It sure is! Although down to luck. If we ever get a serious bitcoin crash again, I'm considering entering the game myself. Because after the 2021/2022 BTC crash, we've seen bitcoin increase by literally 520% since January 2023, which is actually ridiculous ROI in just 2 years! But at the moment, with one BTC at nearly $80k, I seriously cannot see the price increase significantly further before we see another downturn. And "investing" in it now seems VERY stupid and irrational to me. Especially for an "asset" that's not producing any value, and that is purely priced based on what people "believe" it's worth. So I just injected $5k into the S&P 500 and a geared 125 global index fund a couple of days ago. And I will keep putting my money in that direction every month going forward for the time being. With Trump's recent election win, and with inflation cooling down in both America and around the world, I really think we'll see a very nice upturn in the global stock market in the coming months!

People in cash would love that.

Yeah the employment numbers just can't be trusted at this point.

@@jaypezewalters4420 You think a faster crash coming? I'm not convinced of that one honestly. But who knows it could happen sooner.

That soon you think?

@@thePrisioner6 You could very well be right.

@@pilarskifamily899 Thank you for watching.

@@thomaschew2191 For sure! Those debt numbers are alarming.

Really hard to say. Location will be a large factor on percentage of decline and the decline could take up to a year before it actually happens. I think in the short term prices may increase if mortgage rates drop more rapidly than the market expects causing bidding wars. In my Boise example prices have already dropped close to 8 or 9% since the peak of 2022. I can see another 10% drop in 12-18 months being possible.

@@professorprofessorson8795 Honestly I have my doubts but i's certainly possible. Inflation and debt has risen incredibly fast in recent years. Something is bound to break and break big!

@@alingander I don't think it would be much different with either candidate. Interest rates aren't controlled by the office of the Preident. However it does make me think about unemployment which the President can improve or make worse with certain policies. Great question. A Recession, I believe, would slow down sales and bring down prices but I don't believe it would be a huge crash in area's of low inventory.

@@WithClintbro stop playing you know you like trump. Harris with her tax on unrealized gains plus her wanting to give first time buyers 25k would be a disaster

@@buzztune-ft6lc It definitely gets easier once you're in and get your footing.

Thank you so much!

@@cindypatrick785 Thank you for watching!

@@elizabethhennessey6437 For sure!

@@buzztune-ft6lc Thanks for watching buzztune!

I would agree that rents have certainly climbed dramatically in the past few years and so have section 8 payments. Could that be part of why rents are so high? I think it contributes for sure. If the gov't pays that then I'll charge that. Hmmm. Great comment. Thank you for watching.

Great insight. Thanks for watching.

@@Christine-or3lm Yes I noticed that recording came out really low. I appologize. I'll work on fixing that. Thanks for watching.

Thank you and thank you for watching.

Location certainly can make a huge difference.

@@genxlife haa I feel ya! I forget all the time also.

That could very well be true 😂

Great idea. Thanks for watching.

I think much of that would depend on how it's built. I have a tiny home in Alaska that is easily heated in temperatures reaching 40 below zero with only a high output electric heater.

@@WithClint Yes, you can build a super-insulated tiny house to achieve any efficiency standard you want (Passive House would be my minimum), but it takes more insulation than a normal sized house to achieve the same level of energy efficiency because of the small volume per unit surface area of the thermal envelope. But in total you will buy less materials because the total surface area is much less than a conventional house.

That is the truth but with a little research you can find places. There are many towns in Alaska with no building codes and Esmeralda County in Nevada also has no building codes.

So a 1,400 square foot house with two people is “sustainable?” Lending institutions need to get realistic about single family or more accurately “single or couples housing”. There’s is no reason for this to be controversial or difficult to do in most areas that are not densely populated or developed. The big problem is that local governments have decided that they don’t want small homes because that equals small taxable value! Owning your own home should not be income based to only those who can afford a large home. It’s a crime to force people into permanent rentals because they don’t have the income to pay a mortgage on a large house.

Because zoning laws have minimum house and lot sizes, most tiny home owners have theirs on wheels and they either park it on land owned by relatives or friends (still illegal unless zoned multi-family), or they park their home in a mobile home lot or even an recreation campground with RV hookups, though with the later they may have to move every couple of weeks to stay legal. I would agree that is you can get a tiny condo in a multi-family development instead, it could be cheaper.

The book that put my real estate investing career into high gear!

Thank you.

Thanks for watching.

Oh dang! Sorry about that. It was a Facebook list so there could be a mistake or two. I apologize for the error.

Agreed! But the more common it becomes the less it will be. I do believe solar will eventually be so common that contractors will automatically build it into new homes.

Honestly I have never refinanaced a loan before. I have always paid off my loans asap which is much different from other investors philosophes. I know it's different in every situation and involves a lot of math. You would want to calculate if there is a savings including the financing costs to get a new loan. Remember that a refi will change the term length back to 30 years. I used a HELOC for most of my purchases after my first 2 properties were paid off.

@@WithClint I see. Thanks Clint. This helps a lot.

Thank you! While recording I felt like I really just didn't have all my SHtuff together with the wrong size air filter and wrong size pressure relief valve but it all worked out.

Thank you! Yes, reserves for upkeep are a must.