 It's a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648, internationally at 727-873-7618. Let's go to Phil in Puerto Rico. Hey, Phil, what's going on? Hey, Tom, doing great. Just wanted to thank you guys and the whole crew, the best content on the internet. Really appreciate everything you guys are doing. We appreciate you growling and prowling with us out here. Phil, how did you find us? I just typed in live training in YouTube one morning. Cool. I was looking for any type of live training room you guys just came up and up. Awesome. I know quality when I see it, but at least I like to think so. And I mean, you guys are just a dream. I appreciate everything you guys do. Welcome to the Tiger family. We appreciate you growling and prowling with us. My pleasure. Now, Tom O'Brien. Oh, welcome folks. This is Tom O'Brien, a TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever. You focus on growth. I hope everyone's having a great day, safe day. The TGIF, folks, let's make it a great one. I hope you get some great weather wherever we are. Today, because I'm telling you, man, right where we are, it's amazing out here. We got a cold front that came in and a cold front for us. Just suck the humidity out of the air, folks. It's like 78 degrees out. It's amazing. To master love, you have to practice love. The out-of-relationship is a whole mastery. And the only way to reach mastery is with practice. To master relationship is therefore about action, not about attaining knowledge. Make it work! Make it work! Let's take a look at it out here. We have the Dow Industries right now trading up 38. Nasdaq is down 78. S&P's up 5. Gold contract down $10.10 at $19.52 an ounce. You get Silver off 34 cents. $25.58 an ounce. Light Sweet Crew. Where are you, baby? There you are. A buck. Trading $1.13.42. Notes and bonds. They are getting absolutely smoked. You get the 10-year right now trading down a full point plus 12.6 at $1.21.17, a 30-year of two points plus 11.6 at $147 flat, and King Dollar. King Dollar right now trading up 19.6, $98.808. Our phone number is 877-927-6648. Give us a call, folks. One note that's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, bottom line, you get a market. It might take you to get a market that wants higher price number one. We're not going to have an ABC because what you have out here, the B point out here is 450-58. You need 74 million shares. Well, we might, I don't think we're going to do it. We're at 52 million. If you get 74 million, guess what? The bottom line is that that's saying we're going to all-time highs. This market wants higher price. That's the bottom line, folks. We get into the end of the X100. We take a look at the 3Qs. What do you have with the 3Qs? 3Qs are going sideways. The 3Qs are going to have a chance even on Monday or Tuesday to basically get that volume in. The volume for an ABC up on the 3Qs is 63 million. We're at 45 right now. Yesterday, we did 53. So we are going to have more volume there. So we'll see where that baby takes us. Gold. Gold contract here continues to basically build cars for higher price. You're backing down today. Let me see this. OK, so we're backing down with $10. You get $59,000 contracts traded. That's light contract volume on the way down. Bottom line, this thing wants to make a run. And that's on the short term and a longer term basis, folks. You get an ABC structure up that we're talking about a $2,500 to $2,600 gold price. Kingdollar. Let's go take a look at Kingdollar out here. We take a look at Kingdollar. Kingdollar got up to a high today of $98,834. So we didn't have much movement inside of Kingdollar out here today. Bottom line, it rejected lower price at $98,400. So this is like a toss-up, man. But it looks to me like once again, OK, just look at this. This is really cool. You talk about a nice triangle, man. I mean, this is pretty intense how this shakes out. Now normally what happens with something like this, too, by the way, is that whatever way we break out of this, you want to be really careful because the way these, you can see we're coming to the very end of it. Most of the time, you normally get a false break and the thing goes the other way. So it's going to be intriguing watching this shake out as to where it's going to go. Let's go take a look at rig transition. And by the way, folks, OK, so pitch it. You have the S&P as well as the NDX100. They're trying to do ABC structures up. They don't have the volume. That being said, and I've seen this replay before, OK, these oil stocks want to run in an incredible way. If that's what happens, you will continue to see a higher market. It's just a change of acceleration and a change of strength inside sectors that bring it higher. We take a look at rig bottom line, what you have out here. The low for the year is 263. The high is 556. And we put this on a monthly. What you're going to see is that this is not only bottom line. It's finally sticking its head up. You can see the volume. The volume is huge, man. The volume on the monthly right now is $742 million. So let's see price-wise. You're over that. You're over the three. OK, you're not. It's on the way to seven. Let me get this closer. OK, so put it in five years. Yeah, there we go. Oh, it's an ABC up. Oh, this is even better. OK, let's do this. Look at this, baby. Thanks, Lutch. This is a beauty, man. OK, so you get 513. Oh, man, it's a four. What's that? 65. 513. 65. 450. The seven bucks. It's a confirmed ABC up. Yeah, you get a confirmed. Well, did we hit? 556. Yeah, let's confirm the ABC up. You can get action here, man. This thing wants higher price. That's how this thing is laid out right now. I'm going to take a look at Twitter, TWTR. I better be right on this one because the tag is telling me his wife wants to buy it. He's worried. I don't blame him to be worried. What happens, folks, is that you never want to be buying stocks for someone else. I can tell you that. I mean, yeah, I'm in the newsletter business. It's tough. OK, but the bottom line is that family, yeah, I think you should stay away from that. But let's do Twitter because my might take Twitter's a buy also. And what's really cool about this, so when you take a look at Twitter, Twitter's trading $38.35. The low fee is 31, the high 73. The bottom line, we take a look at this. What you're going to see is that you have the first leg that's up. I'm going to put this on a weekly because it's a little bit clearer on the weekly. That bottom line, when you get wide price spread, accelerated volume, which we got last week, that broke the downtrend. And it's a heck of a downtrend that it broke. I mean, when you take a look at this, you would bring this the most conservative way is that you bring it from $68. So it just depends on how long you want to hold it. The first move when this should bring this up to somewhere about $43 and right now you're at $38. The pot stocks are on the move. I mean, if you've been waiting for pot stocks, folks, don't wait too much longer. These babies, you just had canopy growth. They just finished an ABC structure in the way up. It's off the lows of $562. You're running out here at $8.54. If we take a look at this and you put this on a weekly basis, the bottom line, you're going to see the same type of setup. I suspect we'll see how this shakes out, but it looks like to me, canopy is going to run to $11.43, and they're all running. And it would make sense, too, because guess what? They've totally got smoke. Stay right there, folks. So we have the Dow Industries right now trading up $52. NASDAQ is down $64. S&P is up $9.50. Coming back with my man, Mr. Besvid Bihuli. We're going to be talking real estate, baby. Stay right there. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. It opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN Educating Investors. Free at 1-877-927-6648 Internationally at 727-873-7618 Welcome back, folks. Now, Dow Industries right now trading up 31, Nasdaq's down 76, S&Ps are up 6. We got our man, Mr. Besfit Bihuli with me. Besfit is the broker for Tiger Real Estate. We are partners in the business. And you know what we're going to do today, folks? Okay, we go through so much stuff. Like, what we're going to do today is we're going to go through a closing statement. I'm going to start doing some of these segments because what Besfit and I have found out is that it's really intriguing that people spend so much money on the purchase of their house or a duplex or anything and they absolutely do not know how to read a closing statement and including how many brokers don't know how to read a closing statement. So we're going to walk through this because what we've seen many times is that huge mistakes and the bottom line, if you don't know the mistake is there. Guess what? You just paid up and that title agent's not going to come back to you and say, oh, I made a mistake, man. You know, come up with another 600 or 500 or whatever dollars, okay? So what we have up on the screen right now is that we have a sale of a property at 430 grand, right? And so when people are buying properties, normally, you know, the next line down there is basically the escrow deposit. Normally, that's like 5%, right? Yeah, usually it goes 1 to 2%, but sometimes we want to put more so they can secure the property. That's good to know. So yeah, so these guys, they put a lot more, 20 grand. Right, and in this market, that would make sense, right? Yeah, in this market, yeah. In this market. It's pretty tough to get anything under contract. Period. Yeah, so the more you put up, the better. Right. Yeah. So in this particular case, folks, these folks are going to get a loan. This is a real deal. We took out the people, we took out the law firms and all this, okay? In this case, they're going to borrow $344,000, right? Yeah, they're putting 20% down. Yeah. So they're going to borrow $344,000, yeah. Right. Now the next one that's on here, folks, is really cool, okay? It's really important to understand this because it's $1,711.99, and it says lender credit. So talk to me about what lender credit means. So lender credit, so what this could be is when you're buying a property upfront, you've got to pay some costs because they don't know if you're going to close or not. So in most cases, the appraisal fee. Right. So the appraisal fee is $650. Yeah. So the buyer paid that upfront and then the lender is going to credit them back. But in this case, they're credit them back $1,711. Right. So that looks like the $650, plus they're going to credit them, you know? And that could have to do with, right? Now what happens is this, folks, when you call a mortgage broker, what will end up happening is that they can say to you, do you want to buy down the interest rate structure? Yes. Okay. And if they do that, that's where you're going to get this. Okay. So there's two different things you want to get your head wrapped around on this, right? All of us, including me, including best fit, including most everyone, when you're getting like a 30-year loan, you're really not paying as much attention. You say, okay, just put it in there, you know, for right now. Yeah. I suggest, folks, that you do the numbers. Okay. Yeah, always look at the numbers. You've got to do the numbers. I just never know. Because a half a percent or a quarter percent, you're getting a thousand or $2,000 back on the closing cost, because the closing costs are always expensive. You can make that choice, but I suggest that you do the number. Yeah. Because the average time that you're going to live in a house, okay? I'm just taking the whole United States to practice seven and a half years, folks, okay? That's it. So you want to be aware of that, man. You know what I mean? Because if you're going to pay extra, you've got to see what the difference is going to be in how long you're going to stay there. Exactly. Exactly. So now we go to the taxes. So what you're going to see next, okay? On those taxes, this is, you know, adjustments, okay? You have, on each side of that balance sheet here, we have $1,311.18. That one's interesting, right? You get a credit, you get a debit, okay? So that just... Yes. Basically, the seller has lived in their property all the way to October 18th. Right. Because that's when they're closing. So up until that time, they're going to prorate the taxes for the year. Okay. And they're going to debit the seller. Yeah. And credit the buyer. I get it. Because the buyer is going to pay all of that in a year. To go up to zero. Exactly. Okay, cool. So sometimes you have to watch out if it's at the end of the year and if you already paid your taxes. Right. Then you should get credit back as a seller. For sure. Yeah, so... And particularly, folks, what ends up happening sometimes is that you've just sent the bill in and the bottom line is that no one knows that you just sent the bill in. Yeah, you always got to check for that. So now, here, these... This is what we're going to do is this. We're going to go through one of this finance. We're going to go through one of this cash, folks. Because what happens is that the finance one, you're going to see the amount of expenses go astronomical. And I do understand almost all of us have to finance purchases. No doubt. So you get loan charges. You get a processing fee of $4.95. You get an underwriting fee of $9.95. You get appraisal fee of $6.50. You get a credit report of $75. You get a flood certification from CoreLogic of $9.50. You get a tax servicing fee of $80. And then you get prepaid interest of $4.25. Yeah. So these are all just up front. Yeah. Basically, the only thing is the prepaid interest that's going towards your payment, everything else is just fees. Right. Now, the next one, folks, gets really intriguing. And this is what the next one is, right? You're going to see on this sheet that if we have hazard insurance of $25.47, then you have the property taxes, tax collector $17.87. But then you see the next one that says homeowners $3 months at $212, which is $6.36. Tell the folks what's happening there. So basically, when you're buying a new property, the lender is going to require that you get insurance. Right. So they're going to make you pay up front for the whole year, which is $25.47 here. Yeah. Then on top of that, they're going to charge you for $3 months worth of insurance. Exactly. So that, you know, it goes from there on. Right. So there's one, folks, that when you're scratching your head when you look at these, what you're actually doing is that you're paying 15 months up front. And what does happen is this, those numbers can change depending on who your lender is. Yeah. That's important to understand also. Okay. Because when I actually saw this, this is a transaction we did, but I saw this, I'm saying to myself, man, they're getting greedy. Yeah. I mean, seriously, man, 16 months up front, you know? Yeah. Some lenders require like half a year up front. Right. But some. And this is what I suggest. This is what I think happened here, right? You see how we got the credit? You got the credit, lender credit? Yeah. Okay. They got the lender credit. So, picture, put your side on the other side of the bank. What ends up happening there is that, okay, they say, okay, we get the lender credit. We get a little bit more, right? Yeah. So if you get a little bit more, it's like how we started the conversation off. No one pays attention to these. No. Because it's inside of the loan also, folks, okay? But trust me, you want to pay attention to them because these fees add up beyond belief, okay? Yeah. And some of them are negotiated. I mean, you know, this, you know, you can negotiate that thing out. Oh, yeah, especially these fees, you know, you can negotiate those. Yeah. I mean, we know we can negotiate a lot of things in real estate, so. Oh, let me tell you something. He did a deal. When was that house? You saved the guy $57,000. Oh, yeah. Even nine months ago, all right? Yeah, last October. Right. Yeah. So he did a deal, folks, okay? And even in this hot market, what ended up happening, when you got the inspection, tell me what happened? So we did a deal. We went on a contract. You know, there was some things wrong with the house. So what we were able to do is get the buyer 3% closing cost credit. Yeah. Which was around $11,000. Right. On top of that, we got him $40,000 worth of credit back for repairs. Right. So it was around, you know, $51,000, $52,000 back. Which is unbelievable in this market. In this market, yeah. Yeah. It's insane. Yeah. You stay right there. Best of the night, I'm gonna be right back, folks. If you have any questions, give us a call. Phone number is 877-927-6648. Come right back. 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We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. Now, investors right now, down 24, we'll get them as they got 116, S&Ps are up, too. They got a little sell-in here. Bottom line, we'll see where this shakes out. We're talking when I'm in. Best of you, Huli. We are talking real estate. Let's go. We got Jose. Jose, what's going on, brother? Hey, there, Tom. I hit calling twice in one week, but I've been waiting for this guy to show up on the show. I like it. I've got a question. Bart, follow me. Is that his name? I'll forget. Best of it. Okay. Close enough. That's what I said. Hey. I got a question. How metal part? Does that ring a bell? That's my playground. Yes, it does. Okay. That's why I'm calling. Now, Tom, why not Vanuay Park? Why not Boca, Sierra, whatever they call it, nicer places? I mean, I'm looking at some statistics at Palmetto Park. Not that great. I know medium-sized homes, 200,000. Probably not a great nightlife there. Crime may be there. I think you're looking at the wrong Palmetto Park. Is that where our dollars would be investing in Palmetto Park? Yeah, you're looking at the wrong Palmetto Park. So Palmetto Park is a section of downtown St. Pete. When I came into Palmetto Park, there was 225 houses. I bought like 50 of them, knocked them down, and now the houses are going for 970,000 bucks a piece. So you're looking at the wrong Palmetto Park, man. So, yeah. It's St. Pete. It's just a neighborhood inside of St. Pete. That's what's going on. Okay, so here's my question. What kind of risk, you're saying there's risk with anything except treasuries, what kind of risk as an investor doing the 7% yield that you're talking about, one fund is closed, one is open? What kind of risk? There's always risk when you get more than the treasury. There's no doubt about that, man. Yeah, there's always risk. I'm building in that area, and that's what those lots are all about. So if I went BK, yeah, then the person owns the lot. That's the risk. But you live right here. You should just go down there and go look at what I already did, and it'll blow your mind. It's going to blow my mind. I've seen pictures of the kitchens in some of these homes. It's really astounding what you've done with the kitchens. I mean, it's more than just quartz and granite. They're really stunning. No, it's cool. Yeah, it's cool. Listen, man, like anything else, I've done this a million times. This one really worked well, but we all know that it might have not worked too. But I've been at this for over 10 years. It's about time. This wasn't an overnight deal, and I basically developed a neighborhood. That's what I did. And I'm still doing it because I own all the dirt on 1st Avenue South, which is going to be pretty cool. Yeah. So Tom, any investment, your principal on a scale of 1 to 10, how safe is it? 10. Oh, boy. All right. Yeah. Okay, man. I'm still salivating. Have a great one, man. Have a safe one. See, there's a Pelmetto Poc, Florida. I don't know who he's looking at. I think he's looking at Palmetto, which is right north of Bradenton. Oh, I see. Right south of here, about 20 minutes. Okay, so let's get back to this closing statement because this is one that's going to get really cool now. Okay, so now we're at the title charges in escrow, right? Yes. So settlement fee, and this particular one on one side, they're paying $6.50 on the other side, they're paying $3.50. What is that? Yeah, so basically what happens is a lot of title companies, they'll charge you more if you have a mortgage on the property that you're going to take out. Oh. So it's just more work for them. Right. You know, they'll charge you more. So $3.50 for the seller side, but $6.50 for the buyer, which is an extra $300. Right. Yeah. Now the next one, folks, is really intriguing. Now this one, you want to pay attention to big time. This is onus title insurance, okay? And that is going to cost $2,225, right? Yes. So this is what you want to understand. You see how it said owner's title insurance, folks? When you're buying a property with cash, unless you tell the title agent that you want owner's title insurance, they're not going to, they're only going to give you title insurance that is not in quotes owner's title insurance. Or they might just not give you insurance at all. Well. You can go there, too, if you're buying cash. No, you can. But let's say when I'm always buying cash, what happens is this, folks? This is what happens. I'm buying cash, okay? So what ends up happening is at the beginning, like three or four years ago, I didn't know the difference. And this is what the difference is. It doesn't cost any more money, but the difference is when you buy it, if you explicitly say that I want owner's title insurance, when you go to mortgage that, okay, the bottom line is that your title insurance is very minimal. Yeah. If you don't have owner's title insurance, even though it's the same thing, the bottom line, you get hammered. Yeah, you got it. Okay. So you always want owner's title insurance. Now, when you're getting it from the bank, that's what you're going to get. But if you're buying with something with cash, make sure you get owner's title insurance. Yes, always. Yeah. You always want to protect yourself because you just never know. Right. Well, and it's so less expensive. Yeah. Like if I did this one, and I had owner's title insurance, then I, you know, when he was talking about mortgage, did I get a first mortgage on it? That first is only going to cost me like $600 instead of $2,200. Yeah, yeah. It's that dramatic. That's how that works. Yeah, pretty cool. Yeah. Okay, so now let's see why everyone wants to be a title agent, folks, okay? Because the whole world wants to be a title agent, but you can see why when you're kind of looking at this breakdown. So next we have lender's title insurance to Old Republic. So yeah, so this lender's title insurance is only protecting the lender. Oh, interesting. There's something that goes wrong with the title. So you have the owner's title insurance, which protects everybody, including the buyer, but then the lender's is on top of that. Take it away with murder, man. Just for the lender. Take it away. Yeah. Okay, so then on top of that, lender's title endorsement, right? Yeah, that's just, if you want, they want to add extra stuff to the title, you know, to protect themselves. Okay. Like what? Like the zoning is the zoning where it is. Interesting. I didn't know you could do that. I didn't know you could do that. That's interesting. Yeah, so there's all kinds of things you can add to it. You know, insurance will sell you anything. No, for sure, man. Then you get the dock fee. That's normal. 100 bucks, title search on the other side, 100 bucks. Lean search fee. Now, this is important, folks. Lean search fee. Let's talk about Lean's, okay? Yeah. Yeah, I mean, you definitely want to get a, if you're buying cash. Right. Because if you're buying with the loan, they're always going to require you to do that. You definitely want to check out the leans, make sure there's no leans on the property, and you want to check out the title. Make sure you get it. Because we've seen it before with somebody. We have seen horror shows, folks. Yeah. And in this particular case, it shouldn't have been a horror show because the guy we know is horror show is friends in Oz. And he just didn't, that's like, you got to be kidding me, man. Yeah, they do a lean search about the property, and then after he bought it, he did the lean search after. Yeah. And found out there was a lot of leans on the property. Do the lean search before the fact, folks, okay? Yeah. Because what does happen also in many cities, if you are the person that did not get the lean, there's programs that are in place that you can get the leans reduced by dramatically. And when I say by dramatically, most of the time what ends up happening is this. Let's say that you had a lean on a property what, four or five years ago? Let's say 10 years ago, you bought the property, and the lean's like $36,000. In the city of St. Pete, as long as I didn't get the leans, I bought plenty of properties like that. The bottom line, you can wipe the leans out for a couple thousand dollars. Yeah. You know what I mean? Because that's important to understand. There's programs that are in place. You get a little bureaucracy, but it's well worth it. Stay right there. Best of night coming right back. Market wise out here, what we have, we have the Dow Industries flat. You get the Nasdaq off 104. S&Ps are up by one. Come right back, folks. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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The Prospectus or Summary Prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. At 1-877-927-6648, internationally, at 727-873-7618. I'm O'Brien. Welcome back, folks, to Dow. Dow Industrial is up 30. Nasdaq's down 93. S&P's are up 5.5. Let's go to Andy in Boulder, Colorado. Andy, what's going on, brother? Hey, Tom. Thanks for having me on and thanks for having this topic with Best Fort on. That's pretty very educational information, for sure. We appreciate you listening, man. That's a beautiful thing. Yeah. Thank you. Hey, I'm kind of on the other side of this. Fortunately, I guess, I have a few properties and I have a couple of them paid off already. Yeah. And my original topic or what I wanted to talk about was the title insurance. But in general, what should I be doing at this point to protect myself with those properties being paid off? Regarding title insurance. Well, did you originally have title insurance? Yes, I did. Yeah. Okay, so you don't have to worry about anything now. All right. Okay, great. Because this is what ends up happening. No, it's a great question. So what ends up happening is, folks, okay, because he had title insurance at the beginning, right, there's not going to be a change in the chain. Yeah, because it's awesome. The chain is really important, folks, for ownership, okay. What would happen, Andy, if you didn't get it, right, and then all of a sudden you have a five or 10 years, then you're going to sell it, then they'll still be fine, but it's a lot more research because the chain is broken. That's what ends up happening. Okay. You know, so you're in great shape, man. I mean, yeah, that's, you know, and, you know, that's still, you know, going forward, I would say that, well, you know how this goes, man, their cash flow and you're in great shape, man, and I'm sure they are, you know, so. Oh, yeah, they are, definitely, yeah. Yeah, I just thought I might have heard horror stories about people coming in and kind of claiming titles and doing crazy stuff like that. Okay, so, you know, we hear those ads. Okay. And, you know, the bottom line is that I'm not quite sure how that whole racket works, but you don't have to worry about it, man. Yeah, I mean, if you got it originally, the title insurance, and if anything pops up, that's where you get it. You know, you go back to the insurer and we'll take care of you. Right. And realistically, when they're saying that they're stealing deeds, you know, I just, I'm not qualified to, you know, basically say how that happens, but, you know, my take on that, that whole fricking thing is a scam. Yeah. You know what I'm saying? Because if you have title insurance, it's like, okay, we're talking about fraud at the Pinellas County or any county level. I mean, someone's going to go to jail. Yeah. You know what I mean? Yeah. So, as long as you're out in the beginning, you should be good to go. Yeah. Big time. Okay. All right. Hey, thanks, guys. Thanks best for it. Appreciate it, Tom. Have a great weekend. Okay, man. Thanks so much. Appreciate it. Great. Oh, I know. So, you got to get the liens. That's for sure. Now, the next one, the survey. That's really important, right? Yeah, the survey. So, you know, when you're buying with the loan, same thing, they're going to require you to get a survey. Right. Because they want to protect the property. But if you're buying cash, we suggest that you get a survey all the time. Right. Because you never know if there's encroachments, you know, easements on the property. That's right. Which we've seen. That's right. And then you go back, try to build something on it or, you know, try to sell it. It's going to be a problem. Right, folks. Just how important this is. So, when you're building a new house, what ends up happening is this. If most of them that I'm building, it all has city, water, sewer, all of that. All of them do. But a few of them, they were just all vacant lots. So, what ends up happening that actually wasn't a house on this thing for probably 30 or 40 years, right? So, what happens there is this. I have to bring electric coming out of the pole. Okay. And after that, two different things end up happening. That the owner, in this case the builder, has to sign an easement. You know? And it's like three or four pages long. Okay? Now that one's not bad, folks. Okay? So, what happens with that is this. Is that I'm signing an easement on the property that they can bring the wire across so that we can set up the box on the house. That one's fine. Let me tell you one that's not fine. And you know where this is on one of my properties, okay? So, I actually sold this. Guys, I did sell it, okay? But check it out. This is what ended up happening on a different property. When they were coming in and putting a whole bunch of... We have natural gas here too. So, they were doing one street over and they were doing natural gas. And what ended up happening is that the natural gas people, they were trying to reach another house and they got lazy. Yeah. So, what they did, it looked like the house... It looked like the lot that I owned in the house were on one property and they weren't. Okay? They're two separate. So, what do they do? They go right across the property, okay? Put natural gas in and you can imagine that's a mess. I get down there and say, man, what are you doing, man? They're like, this is... Okay, so the bottom line is that they didn't have the right to do it. They got to get rid of it. That's the bottom line. But you want to be aware of that because what could happen is that you could have something that's on there and you think that they had the right to put it on there and they don't. Yeah. And if you got the survey, the survey would be right there, that, hey, man, I don't have natural gas coming across my property. Yeah. Because most of the time, folks is going to come in from the front, okay? You don't have to come in from the side, coming in from the back, you know? And this one here, they were coming in from the side. They were just lazy. Yeah. That's the bottom line. But that's why the survey is so important because it will show you, you know, what... You know? Yeah. And most of the variances that are on there have to do with electric. But we happen to know also, when they... We know a guy that just... So check this out. Didn't get the survey into us too late. Bought... Made six condominiums. Yeah. Six condominiums. But what ended up happening is this. This is because we're downtown. So these buildings are right next to each other. So what happened is that 20 years ago, the guy that... Picture this. I'm building here. I wasn't building. This is another builder, friend of mine, basically. He is. He's building here. There's a house right next to it. And what had happened is that the house next to it had got an easement of two feet by ten feet coming into his property. He didn't know it until he had about a million and a half into it, right? And then the guy thought he was going to squeeze them. So the guy was charging some outrageous amount. And guess what? The builder was smarter than the guy. All he did is turned around and he says, okay, that's fine. You know, on the second floor there's a niche, but it cost him another 40, 50 grand. Yeah. Which is a bummer. Big costs. Once you get a survey and you get title insurance, that will protect you. Yes. Even if something after pops up. Exactly. So it's always good. So then next, well next is your commission, man. This is the commission. So you have two sides of the commission. And you know, in this market, folks, okay, the bottom line is that you shouldn't... how much should people be paying? Realistically. Commission just depends, but yeah, probably, you know, four and a half to five percent. Right. And that's it. You know, depending where you are, this market is so hot, folks, okay? You know, like, I pay two and a half percent off the other side always, right? Do you know what I mean? Because what does happen is this, is that there's plenty of brokers that have a lot of clients. If you don't pay anything, you know, the bottom line, even at a hot market, you want to do a lot of deals. Yeah. You know, there's no, you know, two and a half percent is a good little deal. Yeah. Great deal. Yeah. Okay. Then we have the, we have the recording fees, right? Recording fees, yeah. And then we got... Yeah. Mortgage tax, state of Florida, that's why Florida is so rich. Yeah. Mortgage-intensible tax, state of Florida. Yeah. Then the D, the D. The D tax, yeah. That's big money, man. For the seller side. Right. 3,000, that's... 3,010. So if you're not, if you're not taking a mortgage out, you know, the buyer will not be paying any of these fees. Right. On this side. Which is really cool, man. So that's why the closing costs go really high when you're, when you're buying with a mortgage. Right. And you know, what you have to do, stay right there, folks. Best for that, I come right back. We have the Dow. They want to run this market, man. This, this bull, you can't stop this bull. 58 recipes up 12 and a half. Best for that, I come right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. 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Well, we just opened a state of the art room that is phenomenal, okay? We're using Discord to do it. We get a lot of Tigers and Tigers that's in there right now, basically it looks like about a hundred right now. This Tigers Den, folks, for the whole year, is only a dollar. The bottom line, we're looking to get a lot of traders in here. So you go to services, you go to the Tigers Den, and you're gonna see your subscriber right there, and you're gonna be in here growling and prowling all the Tigers and Tigers for a buck for the year. And the only reason we're trading a buck, folks, is that we just don't want the 8,000 spams coming into the room, okay, that's the bottom line. So check it out over the weekend at TFNN. I think you're really gonna enjoy it. We go back to this, let me see, here we go. Just the end of this, and this is pretty well. Is that, nope, not that one, that's us. Not that one. What the heck did I do with it? It's right down here. We're, oh, thank you. See that, this one? Next one. Next one, okay. There we go. There we go, okay. All the way to the end. Now we are at the closing crisis, right? Oh, I know, okay, so you gotta pay off the old loan, right? Yeah, yes, we have the old loan. Yeah, that's 157, 970. And then when you look at the debit, the credit, the bottom line, you're gonna find out on your side what you're gonna get after that. The bottom line, due to the sellers, 243,000, and of course the borrower is gonna come up with 74,000. 74,000. Just like that. Pretty wild, man. Yeah. Well, listen, best of this is awesome. Yeah, yeah, this is great. Folks, we appreciate you growling a problem with us out here. I always remember folks, the bank and Claya hot out the bull can run you over, and thank God, there's always another trade. Health happens in prosperity. Have a great weekend, have a safe weekend. Come back and visit us Monday morning. Tommy kicks us off nine in the morning. Great show. Well, yeah, folks.