 as 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 Eddie and Bokarton. Hey, Eddie, what's going on? Hey, Tom, how are you, man? I'm doing great, man, yourself. Good, good. It is a treasure to have TFNN every hour during the trading day to be there to help you to guide you. And even to give you some peace of mind or like that somebody else is there with you while you're trading this crazy market, either up or down. Well, listen, we appreciate you growling and prowling us out here, because we wouldn't be out here, folks, if we didn't have all you guys, gals, tigers and tigers as clients. And the market teaches you every single day, man. Welcome, folks. This is Tom O'Brien of TFNN. We go 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, grow so everybody's having a great day, safe day. It's a T-G-I-F, folks. It's making a great weekend. And we're kicking into April. You're going to love it. 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. Mugging-wise, let's take a look at it out here. We have the Dow Industries up 119. Nasdaq's up 15. S&P's up two and a half. Gold contract down $23.80 straightened at 19.25 an ounce. We have Silver off 36 cents, 24 dollars, 76 cents an ounce. Lightsway crew down 81 cents, $99, 49 cents a barrel. Loads and bonds. The 10-year note, down 23 ticks, trade in 122.04, the 30-year off 16 ticks at 149.18 in Kingdala. Kingdala's trading up, let's see, where are you at Kingdala? There you are. Kingdala's up 307, trade at 98.619, the year is at 110, the end is at 122.59, and the British pound is at 131 to one US dollar. iPhone number's 877. 9276648, give us a call, folks. One note's going on in your world. In the world of the S&P's, let's take a look at them. What do you have? Well, this is a pretty clean chart, folks, when you take a look at what we have out here. So we did out here yesterday, you know, pitching it, well, first off, let's take a look at the type of retracement you have. It's okay, so when we take the highest and the lowest, you're gonna see that we did almost a .786 retracement. That's a huge bounce. That's a very strong bounce, and that's saying that you will not go break the low on the way next street down, the next leg down. That's only the first leg. That's how that works, okay, because then you're gonna take the fib number off the last high that we had, not the high, the last high that we had inside the spy, you'd go at 462. That being said, this is on a daily, so when we had the expansion of volume yesterday, then we take this and you're gonna put this on a weekly, and what you're gonna see on the weekly is that bottom line is that you got over your two highs that were generated out here the week of the 4th of February, as well as the 11th. Bottom line, let's say, so we got up to 462. Those numbers are 457 and 458, and you're gonna close at 451. So you get to a higher high, you close under it and you have higher light of volume. 629 million we were going into, you only did 406. That is the perfect setup, folks, that number one, you know, you're going back to this bottom, and you know, we'll see how this shakes out, meaning if I'm correct, on the way down. The NDX100, now the NDX100 has been the weakest in the C anyway, and we take a look at the spy or the NDX. NDX did the same thing, the cues, yes, they had an expansion of volume, and if we pull this up, let me do this one because I want to see the amount of, okay, so also with that, okay, the NDX, you know, also would almost at 0.618, okay, so that's still strong too. We take this, we're gonna put this on a weekly, and what you're gonna see is they're gonna be the same type of setup. Bottom line is that you got into, let's see if we got over, what do we get to? We got to 371, yeah, we got over both of them again. You got over both of them, and let's see, 429 million versus 301, oh yeah, it's not even close, man. So what you have here is this, you got over the swing point, you had light of all, I am rejected low, higher price, we're going right back to these lows. I suspect where we're going, I was talking about this a couple of weeks ago, but right here, that's, you know, you can see that high volume load that's sticking out 297, and right now we are 350. We go to the spy, I suspect we're gonna see the same type of setup, put this on a weekly for a second. Come on, I don't like this chart. I don't know why they do these charts. I just hit the wrong letter when that happens, folks. So take that, okay, here we go. So that number, yeah, see, oh, there it is right there, I see. So the number in the spy is 371. We'll see how that shakes out. That's, you know, the first leg down could get into the lows of the last low. You go sideways, you build some more cars, you get down to that next level. Gold, we take a look at the gold contract out here, what you're gonna see in the gold contract, gold contract trading down $29. Bottom line, you get volume of 124,000, so that's really light volume, that's the bottom line. So you're still consolidating the gold market. Now this is what the mindblower is out here today, just no doubt. I mentioned it when I just did the updates. You get gold down $25, yet you get Newmont breaking all-time highs. Newmont right now is trading up $291, you get juice behind the move. We were talking about Newmont yesterday because what happened with Newmont, Newmont was coming into its highs with monster volume, you can see the type of volume it had in a monthly, it was huge. So you're gonna blow away the highs, Newmont's on its way to 98. We go to Royal Gold, you're gonna see the same type of set up in Royal Gold. And what I suspect we're gonna see here, just as I said, Royal Gold rising up is up 456. I think the high on Royal Gold is 165, let me see this. I don't think it says, oh look at this, it's always breaking. Yeah, 147, so 147. And you can see, just look at this. I mean, Royal Gold's the same way. You got two monster bars. I was talking to Z yesterday. These don't come in singles, folks, okay? These bars, they love coming in triples, man. This thing's going up in a way. And I suspect what's gonna happen is that you have a change of sector rotation. That's what's going on. Some of the big funds, you see the big funds, they would go into those first. And let's go take a look at Barrick because they would go into Barrick. But what happens with Barrick is that Fidelity's owned so much of Barrick. Yeah, Barrick's up 40 cents, nothing heavy. But the bottom line is that that's what I suspect you see happening out here. We're gonna take a look at the Yen. And of course the Yen has that correlation with where Gold wants to go. The Yen's got weaker last night. That's, yeah, that's building cause to go back downtown. You can see the Yen got up to this 123. You're at 122.55. And I suspect you're gonna build some more cars to basically get down into lower price, which is stronger yet. Dow, Dow industrials right now trading, where is she? Dow's trading up 77. Nasdaq is down 10. S&P's are off two and a half. Stay right there folks. We're coming back with our man. Best of you, Huli. We are gonna be talking some cap rates, real estate cap rates. We're gonna walk you through a couple spreadsheets here. Stay right there folks, come right back. 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. What's separating you from the most successful men and women on Wall Street? 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At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. 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. From the moment the market 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. Hey, that's 1-877-927-6648. At 727-873-7618. Welcome back, folks. Tom O'Brien, best of you, Huli. We are happy to be with you. We have the Dow Industries right now, up 61. Nasdaq is down 21. S&Ps are down six and a half. We got a couple, let's go take a look at Amazon here for a second, best fit. We have a couple of tigers that wanna look at a few more stocks and then we're gonna get into this spreadsheet for market caps. Oh yeah. Market caps, listen to me. Yeah. Market cap. Market everything, man. Okay, so Amazon, right? What the tiger's looking for, let's see. Is there an ABC on a daily? Amazon, well, let's take a look at this, okay? So it's not an ABC and you can expect this thing will probably pull back somewhere. You had 32.60, just 32.31, that's got some juice. I suspect it's gonna try to get into that level. And then with Amazon, you gotta remember that when you do take a look at this and we put this on a weekly, look at this, all these on a weekly. You see this on a weekly? Hold it, one second, this might be a failure. What number is that? 32.76, okay, with 19 million. Yeah, it's a failure. Okay, yeah, this is so cool you asked this question. Mr. G, what's going on here is this. You see how it get over the high? Has light of all and by four million shares, this is going back downtown too. This market's going back downtown. That's the bottom line. In fact, I heard someone was calling Steve's show and I went over this yesterday for, I believe the same person and video about the ABC structure being up. I was saying that it's gonna be a failure and why I was saying that because then that was when this thing was eight and a half points higher. The reason being is that all you gotta go to the socks and AMD, AMD fell apart first. And I kind of went through that whole scenario and you gotta pay attention to those scenarios, man. That's the real bottom line is that when you're in a market that is shaky anyway and then you see one equity inside of the sector start going, man, guess what? That whole equity can go and it can go in a monster way. So now let's get into we are gonna get, we're gonna, this is gonna be awesome folks, okay? So what Beth's put together for us is a spreadsheet of, so we know from being in the business, the real estate business. Everyone loves multis, right? Yeah, they all wanna make money. They all wanna make money. What we're also found out, okay, is that many folks really don't understand how to do the numbers on the multis as to are they gonna make money or are they gonna lose their shirt? And when I say lose your shirt is this, okay? In the last few years, yeah, there's no doubt about it. You could lose your shirt and because of the price of the properties went up different ballgame, right? This keeps going up, you can sell it and make money. Exactly, okay. So that is not the normal occurrence, folks. And also it doesn't really matter. It should be coming into a multi knowing what the actual numbers are. And what we're gonna get into also is this. There's a huge difference when we start talking about cap rates when we've had interest rates low, right? Yeah, yeah, interest rates been low so cap rates have been going lower. So once the interest rate is going back up, that's what? Cap rate's gotta go up. Cap rate's gotta go up. Now the intriguing thing here with the cap rate, folks, right? A cap rate has, well, tell us, does the cap rate have anything to do with the, like your mortgage or the cash you're putting in? Yeah, so the cap rate has nothing to do with, you know, getting a loan. This is just what the property's gonna make and your expenses and then what you're gonna pay for it. So the loan is like after that, yeah, so. When we go through this spreadsheet, folks, what you're gonna see is this. And this is what's important for everyone to understand. Your cap rate can be one number. Then we're gonna show you a cash on cash rate because the bottom line is that you wanna know how much you're making on your cash. And what is the actual risk that's perceived as you go through the deal? Yes. Now another mistake that we see made, I mean, this is amazing, folks, that folks should understand it but I can understand it, you know, people don't buy a lot of houses, they don't really, you know, and in many times, okay, this is a great question for Broca, right? I'm buying a place, right? Let's just say I'm a virgin, buying a place, you know, coming in, I'm looking at everything, I'm looking at the taxes, I'm saying, oh, this is ain't bad, okay? What is the mistake I'm making right away? Well, the mistake is you gotta know what the taxes are gonna be after you buy it. Yeah, right. And most people don't know that, you know, they think that they're gonna say about the same where the taxes were the previous year. Right. So, and we've seen, you know, somebody has lived in the house, you know, 20, 30 years, the taxes are 1500, but when you buy it, five, 600,000 dollar house, tax are going up to 10 grand. Exactly, and we've seen people getting shocked, folks, okay? Well, we haven't seen it, we've heard about it, okay, meaning, but Anna totally heard about it, like, oh, I didn't know that, okay? Not our clients, trust me, okay? But it is pretty wild when you think about it. Yeah, I mean, that could be an extra $600, $700 a month payment. It's huge, it just hits you the following year. Right, yeah. Now, when folks are buying, let's talk about this, because we, this is a great one, because we don't have this building right here right now, folks, but let's talk about just, we're gonna go through the spreadsheet, but I wanna do that the next segment. Okay. Let's talk about the office building, right? We just saw someone buy an office building, folks, right? And best of it happens to know the office building, and we know how much it's gonna cost to basically upgrade it, or just get the thing going, right? So the office building, well, we can tell them, best of the two million, you got outbid by 2.2 million, right? And so, now, pitch this, how much did you think you were gonna have to put into that for your client? You know, your client's gonna put into that, you know, in order to get it going? Well, at least 500, 600,000, right? Right. You know, just to get it kind of where you want it to be, you can put a lot more into it, over a million. Right. But to get to the rents you want, right? Yeah, to get to the rents you want at least 500, 600,000. So listen to this, folks, this is crazy. This guy, he, what do you call it when you're, how do you crowd source him? He crowdsourced the money. That's how best of it got beat out. He crowdsourced the money, but this is the sickest part, folks, okay? There's a pitcher in front of him of the building, right? And how much money did, so you buy a place to, now, all your tag is in tag, so you're gonna notice immediately because this is so bizarre, it's freaking insane, okay? This guy put in, how much did he put in for it? You say he was gonna put 50,000 to renovate it. I thought it said even 25,000. 50,000 for a two million. I mean, it's insane, folks, okay? Can't even paint it. No, you can't even paint it. You can't even paint it, okay? Yeah. So those, there's a lot of different things that are important, but it's also important that you can see, you know, it's amazing that they can crowd source that much money and it's amazing that, I mean, they're gonna get on the tubes in about two seconds. Well, yeah, I mean, the taxes the previous year were about 21,000, but it's gonna go up to closer to 60,000 the following year and then insurance is gonna go up as well because now the billing is more expensive. And so you're talking about, you know, 85,000, just tax insurance, you gotta come up with every year. So we're gonna follow this guy, folks, and maybe we'll bring, we're not gonna bring the guy on me. I might bring the whole links on though because when you see this, this is like an egomaniac that's in front of the building like this. Yeah, I mean, you know, we see a lot of this out there right now. You do. And some of them, you know, they make it because the market just keeps going up. Sure. You can sell it and make money, but you know, how much longer can this go? There's no doubt, there's no doubt. Stay right there, folks. Best of the night coming right back. Our phone number is 877-927-6648. Give us a call, folks. Dow, Dow Industries up 30, Nasdaq's down 40, S&P's up 10, down 10. Stay right there, folks. Come right back. You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex Predator in the trading markets and join the Tigers Den Trading Room only at tfnn.com. 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Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including Gartleys, ABCs, Butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna 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. Best of the healing, Tom O'Brien. We do appreciate you growling a prowl on us out here. We have the Dow Industries up 31, Nasdaq's down 39, S&Ps are off nine and a half. Now, we're gonna go through the spreadsheet. So, tell me what we're looking at here. So, what we have is, you know, this is a four-plex. So, we'll have four units. You know, each unit is a little different. One of them is a two-bedroom. Okay. Then you have one bedrooms, you know, depending on the size of the unit. So, you know, we've all seen these proformas out there. You know, they try to tell you what a building is, how much they're making. Yes. Really, you shouldn't really look at that too much because you gotta do your due diligence yourself. Right. Because a lot of it is wrong. And the proforma, when they're trying to sell the building, of course. Yeah, because they're trying to make it look a little bit better. And particularly, a lot of them put projected rents. Yeah. Right. So, you gotta see what the rents could actually be. So, sometimes they might think that it's lower and it could be higher. Yes. A lot of times they try to maximize it. Right. So, you gotta do it. You just brought up a great point because what we have seen, folks, okay, now if we go back six months ago when you're getting some people from some duplexes, that's what was going on. What folks hadn't understood at that point is that how big, now I'm talking right, we have very high rents in St. Petersburg, folks. Yeah. And what was happening is that there were buildings that people just worked, they just didn't realize how quick the rents went. Yeah. And so, that was a cool. Yeah, yeah. But now, now everyone knows. Everybody knows now. Everybody knows now. So, when you catch it right before it's going up, you're doing great. Different ball, yeah. Okay, so. So, yeah, and so, you know, kind of look at the market, see what you think you can get for rent, how strong is the market. So, you know, this is what I think you can get for rent for these units right here. Right. So, it's about, you know, $72,000 or $76,000 a year. And then, we go down to the estimated expenses. Now, this is the big one. Right, yeah. Let's see if I can make this bigger. Can I make that looking bigger? That's true. I guess not. Okay, that's all right. So, let's walk through the expenses. Well, we're going to show you here also, folks, is that, well, hey, you just keep going, then we can figure this out. Yeah, so, the previous owner was paying around $1,500 a month for insurance. Yeah. But that's not the case anymore, as you know, insurance has gone way up around here in Florida. So, it's about $5,000 a year. Right. And then, the property taxes is a big one. As you can see, last year it was only $4,800. Okay. This year is going to go up to over $12,000. Where are the last year ones? Up here above, okay. So, when you look at this, folks, last year's numbers are to your right-hand side. The numbers that are real are to your left-hand side of this fridge, even though you're looking at it. Okay, cool. Yeah, so now you're up to $12,000. That's a big difference there. And then, so, building repairs, this is also something you got to look at. So, it depends what kind of property you're buying. Right. If it's newer, you know. Yeah. Or if it has a lot of issues that you know you're going to have to fix. Yes. So, that's something you'll have to gauge yourself. Landscaping, about $900 a year. And now, what happens here, folks, is this. This gets really intriguing. Landscaping, if you think that, you know, we're talking about big, beautiful plants and all that, we're not. Now, we're in Florida, so what happens, we just started, in fact, we was pouring out this morning, right? Yeah. You wouldn't believe ahead how fast this grass can grow, and if you don't cut it, you get fined immediately. Yeah, yeah, so you gotta stay on top. That's here, up north, you know, bottom line, you get all that snow. That's real money. You gotta get rid of the snow. That's expensive, okay? Oh, yeah, that's expensive. So, you gotta have that in there. Okay, next? So, this one, the owner actually pays for a water, trash, and sewer. So, you know, it depends on the property. Sometimes all the utilities are split for the tenants, but sometimes the owner has to pay them. So, for this one, it's about four grand a year, but it could be a little bit more, or it could be a little less. So, that's where you have to do your due diligence. Right. And then you gotta put at least 5% for vacancies, right? For sure. You miss one month. One month, yeah, and you're out. So, electric, the tenants pay the electric there, so you don't have to worry about that. Management, this is another one, where are you gonna manage yourself or are you gonna hire a company? Right. And most companies right now are going 7% to 10% of your gross rent. Right. And here, I only put 5%. Okay. Just to kind of, you know, see where we are. So, as you can see, a total of $32,320, or $2,693 a month of expenses, just to maintain this property. Okay. And so, your net operating income is $43,888. And then, if you're gonna finance it, you know, this is where, you know, you're gonna see how much money you're gonna make. This is where it really gets cool, yeah, exactly. So, this one, they financed 70% of it, as you can see. 30% down, finance 70, okay. So, they put $200, almost $10,000. Yeah. And they're only gonna cash flow $12,360 a year. Right. And that's without one mistake. Yeah. One big mistake. Right. You just lost all your profits. Right. So, yeah, that's something you'll have to do and see. And so, on this one here too, when you take a look at this, folks, to see the cash on cash. So, if you go in there with cash, it's what, 5.9%? That's where we're at, right? The interest? No, no, I'm looking cash on cash after that. Oh, yeah, yeah, that's 5.9. You see, cash on cash, you pay cash, right? You're still only 5.9%, okay? Your cap rate on this is 6.2, right? Is that 6.3? 6.3, yeah. 6.3, okay. Now, what we want to show you here, right? We are in an environment that, you know, bottom line, interest rates are going up, right? Yeah. So, let's change that interest rate and let's just say, I don't know, four months from now, it's 7%, right? 7%. Okay. So, you see what happened with that cash on cash, folks? It went down to 2.3%? 2.3, yeah. Yeah. And your cash flow is only 4,800. 4,800. Yeah. So, the key to understand here is this, is that as interest rates are going up, cap rates should go up. It doesn't, you know, there's been so much demand for real estate, you know? But that's your fundamental take on how it goes. Exactly, right? Yeah, most people can't just pay cash. A lot of them are gonna have to finance it. So, if the cap rate is lower than the interest rate, this is just nowhere you can make money with it. Exactly, exactly. So, yeah, this is where we are now, which you can do too with, you know, four units or less. Yeah, now listen to this, this is cool, folks. This is residential, so you can take out an FHA loan on this. Right. As you can see, for a four unit, you go up to 809,000. Right. So, if you did a, you know, 3.5% down on this. Yeah. And you wanna live in one of the units, one thing you'll have to figure out too is you're gonna have to pay mortgage insurance on this. Right. Which is pretty expensive. 500 and 52 dollars a month. A month, so that's six grand, right? 6,600 dollars a year. Yeah, right. So, you put 6,600 here, and these are how the numbers look. Now, and if you are gonna live in one of them, now you gotta get rid of one of the rents. Yes. So, you get rid of that. Okay. And now, it's costing you... You can see how these numbers change negative, folks, but the difference is that you're gonna have a unit that you're gonna live in. Well, first off, you're gonna see that these FHA loans are huge, man. I mean, that's the other side of this, okay? Whether you're paying PMI or not, okay? It's the bottom line. Six grand is cheap for a PMI, that's cheap, but for an 800,000 dollar loan, I mean, you know. Yeah, yeah. That's not the end of the world. So, as you can see, you're now negative. Well, you gotta get rid of the management fee as well. Yeah. So, we'll put that to zero. As you can see, it's gonna cost you about $14,000 a year to live there out of pocket, which, you know, it's not bad considering, you know, you have a foreplex for only $24,000. No, it's not. It's not because, because what ends up happening is that that's before you actually do your taxes. Yeah. Because those are the three units on a foreplex. You're not gonna be able to write the whole thing off, but you can write three units depreciation off. Yeah, your interest, yeah. So, that'll turn into a positive. Yeah, yeah. For sure. Stay right there, folks. All right, coming right back. App phone number is 877-926. That's right, depreciation, man. The world loves depreciation in real estate. That's why everyone's in real estate, man. Everybody's in real estate, yeah. Stay right there, folks. Dow, Dow is up one, Nasdaq's down 47, S&P's up 13 and a half. We'll come right back. 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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His weekly newsletter will give you specific recommendations for valued tech stocks, as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the Technology Insider at tfnn.com for only $37.50. Sign up for David's newsletter, the Technology Insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. TFNN, educating investors. Biotech is booming, but for how long? Whether you think the Biotech Bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times Bull and Bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the Direction Chairs carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction Chairs. To obtain a Prospectus or Summary Prospectus, please contact Direction Chairs at 866-476-7523. 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. P, at 1-877-927-6648. Internationally, at 727-873-7618. I'm O'Brien. Welcome back, folks. Best of Huey, Tom O'Brien. We do appreciate your growin' and prowlin' with us out here. We have the Dow Industries right now up 21. Nasdaq is down 42. S&Ps are off 12. Let's go take a look at some of the higher volume equities out here in this market today. And today, folks, more than likely, well, we have a weekly option expiration, but more than likely, that volume is not gonna be too large out here today. We got Advanced Micro, that's down 252. You get Intel off 175. Micron Tech is off 252. If we go inside the NVX100 and take a look of the strength versus the weakness, Baidu's up 6.5%, Netty's up 6.5, Pinduoduos 6.1, and you can see those are all Chinese stocks. So the Chinese market is puttin' some juice into them. You got CSX. They start hittin' the railroads out here today. That's down 550. Qualcomm is off 501. Let's go back to CSX for a second. Let's just see this. So we take a look at CSX. This is the rail industry, whoa, baby. Look at this, the rail industry. Man, they're takin' this apart. That's interesting. So this is gonna have to do with the aspect that they think the nuts is, the nuts is sellin' it. Oh, they're worried about a freight recession. I can see that. Okay, there's no doubt about that. There's no doubt about that. So, you know, we get a lot of talk in the den here. This is really intriguing. And we appreciate all the thoughts and the little text that are out here, folks, about depreciation and then a recapture of that depreciation. And that is something that you absolutely wanna wrap your head around. Yeah. Because this is how this shakes out and is not a, let's picture that you have a building that's, let's just say it's 100,000 and you depreciate and it's 21 years or whatever. You depreciate it down, let's say, for 10 years. And if you were in an income bracket that you're really making a lot of money, that depreciation, of course, is gonna go against, yep, what you pay for taxes. Yeah. When the recapture happens, the recapture, basically, the depreciation, it's not a zero-sum game. That's what I'm trying to say is that, let's say you depreciate it, it looks like you've depreciated 50 or 60 grand and then, okay, yeah, you gotta recapture that, which you will, but because of the way that it works mathematically, when you're taking that off your taxes, you're making out like a bandit. Yeah. That's one pot. Another pot, do you want another one, folks, that is amazing, is this? If you happen to be just going that's on to Social Security and Medicaid, this is a trippy one, this one, because what happens there is this. Now, this is unusual, it's not unusual, but if you set it up right, it can be pretty cool. If you are depreciating it going in, you know, depending on how much you make when you're taking your retirement, meaning you're taking the Social Security, if you're weighed up to, I weighed it to 70 or whatever the longest you could weigh, I weighed it. So what happens there is two different things end up happening there. You, the Medicaid portion of it, you know, you have to pay a premium because you're making too much money. So you pay the premium of all it. But let's say that you're just, you know, not down a little, you're still making plenty of money, but that depreciation, the year that you're going on to Medicaid, if you can get it against your income, all of a sudden you're saving another four, or 5,000 a year. Wow. I know, to start it off and how you start off that whole Medicaid Social Security. Thank God you're not going to know that for a long time. How old are you anyway? 33. 33. 33 and feeling free. Yeah. I love it. Anyway, it's pretty cool, folks. So, you know, bottom line, we'll get into it a lot more, but it's why people get their heads wrapped around that whole deal. Let me get back to the spreadsheet here for a second, one second. Okay, so the bottom line is, is that you want to understand what type of risk you're taking when you're coming in, right? And you know what we don't have in here too, by the way, right? We don't have the closing cost in here, man. Right? Yeah, yeah, that's something else that you have to, you know, figure out how much is going to cost you. So if you're going to finance, we know how much that could cost you. That's right, that's right. And yeah, you get the closing cost, you get the title. There's a lot more expenses than you realize. Yeah. Right? You want to, you know, just do your due diligence on the property and see what kind of property and what kind of shape it's in, because that could cost you a lot of money down the road. Yes. You know, one thing that goes wrong, a couple thousand dollars. Right. Yeah, just like that. You know, there was a question in here in the den, and this is a great question, okay? This question here was, well, it was a statement, actually, let's see this. It was about, you know, looking around for a real estate investment, you know, that's paying a high number. Oh, here it is. Hi, Tom, been researching past few months, investing in real estate, syndication, a real estate crowd and funding for investing with high yields to park some money. So, there's a million deals out there, folks, okay? You hear my mortgage deal out there. Bottom line, the way the mortgage deal works, it's the first mortgage, you're the only one on the mortgage, okay? That, to me, that's a clean deal, okay? You don't have partnerships and all that. When we were running the fund, okay, that is a registered fund, you know, two separate places. Everyone knows exactly how much they owe over the fund. You have two different auditors, okay? That's it. What you have to absolutely watch out for is this, okay? Like that question right there. The syndication, if it's a syndication, you wanna make sure that flat out inside the operating agreement, you understand that operating agreement upside down. The operating agreement is the most crucial part of any type of syndication. The crowd sourcing one, the crowdfunding one, you would just, they're all different ones and it's gonna be the same type of set up, meaning that they're, you know, at the bottom line, I'm not really familiar with it, but there should be an operating agreement. If there's not an operating agreement, don't send anyone your money. Because what's happening there is this. This is what the difference is. Instead of like, you know, when I'm pushing something out, I'm saying to myself, here's the property, you have the first mortgage, that's it. I don't pay, you have the property. That's how it works. Not lock, stock, and barrel. And a situation that, if you're crowd sourced and there's a thousand people that own that property, oh, guess what, man? Yeah, who's getting their money back if someone wants one? It's not only who's getting their money back, it's, that's it also. But what it also is, is that it's like 100 people of 5,000, 1,000 people of $5,000, right? Yeah. The sponsor of that, you know, they can almost do anything they want. Yeah. And what it really is gonna cost you more than $5,000 to basically do, to go after the sponsor. Yeah, yeah. I mean, and realistically what I suspect is gonna be inside of that also, is a huge amount of terms that you have clicked off and said yes. Because the crowdfunding sites, you know, they've been around for a long time. I mean, so, you know, the SCC is not gonna basically let that, you know, go self-meaning. They try to keep as much as you can on top of it. So, and the last part is the most important part, which it says, higher yields to park money. The higher the yield, the more the risk. Yeah. I'm convinced that there's an add on Bloomberg, and I get a feeling that this thing is a Ponzi scheme. I cannot figure how a real estate company could pay 12% per year claiming that it can do it. There's not enough money in it, folks, to pay 12% for your money. Yeah, that's crazy. There's not. There's not. Well, we'll see what's out there. I trust me, I know, you know. And the last thing, I'm gonna leave it, we're coming right back, is that there's more expenses and less money than most everyone thinks. That's what you really better get your head wrapped around. Stay right there, folks, the best of the night, coming 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. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. 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. 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Your investment can be anywhere from 100,000 to 500,000. You wanna make 1,000 per year on $100,000 invested or 7,000 per year on a secured Tiger First Mortgage. The Tiger First Mortgage Program may be just the program for you. The Tiger First Mortgage Program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518. 9190. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Welcome back, thank you folks. Best of the hilly, Tom O'Brien. We do appreciate you growling on our problem with us. We have the now industrials right now up 136. NASDAQ is up 19, S&Ps up five and a half. And I wanna give a big growl to Leon. And he is in Switzerland right now. It's a beautiful thing. That's where he lives. He's a young nephew. My nephew, yeah. And he's got his tiger shirt on folks. If we can get this up. He's watching the best of me right now. He's got his tiger shirt on growling on problem. You gotta love it, man. Yeah, this is awesome. Ha ha ha ha. Telling you, it's a beautiful thing. Folks, okay, so we're coming into the weekend. I, you know, it's gonna be a great weekend no doubt. As you're coming into the weekend, come over to our website at TFNN. So we have launched a new Tiger's Den. It's an amazing Tiger's Den. My son Tommy, Jacob has done an amazing amount of work. Jacob just worked day and night to get this thing up and going. We have a great community. You get the Tigers and Tigers growling on problem out here. At the state of the art deal. The cool thing is folks is that you can have it on your computer. You can have it on your phone. You can have it everywhere. And it's just so cool. And guess what folks? It's a buck a year. That's the bottom line. You always recharging a buck is that then we're not gonna get these scams in there or, you know, we can follow the whole deal. So come over to our website at TFNN. You'll see it right on the top. Featured content, Tiger's Trading Room. Tiger's Den Trading Room. Hit it. A buck a year. You're gonna be happy you did. Okay, we have a lot of great traders. Tigers is a huge amount of ideas. Join our community, man. It's a beautiful thing and we're having a blast. And so I wanna thank everyone out there, number one. And, you know, hope everyone has a great weekend, a safe weekend, and we're gonna go crank it out. Yeah. We're gonna get your nephew over here and have him start selling some real estate. Yeah. Bring him down to Florida. Bring him down to Florida. Yeah, just get him going. I like it. Yeah. And always remember, folks, the bear can claw your heart out, the bull can run you over and thank God, there's always another trade. Health happens in prosperity. Have a great weekend, folks. Have a safe weekend. Come back and visit Tommy Monday morning. Kicks us off nine o'clock in the morning. Great show. We'll get him, folks. All right. This is good.