Mike Dickie Realtor and investor as well as Air Force veteran joins the show to tell his story of how you can get into multifamily investment right out of the military and be there at the right time to start your career. Don't make the mistakes he did listen to the show.
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Episode Transcript
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Speaker 1 (00:00):
Welcome to the Business Happy Hour radio show with your host,
Frank de Bankkodo, the owner of Lincoln Lending Group right
here in Tampa Bay for twenty three years, joined by
his incredible co host, Senya Akishna, realtor with Mahara and Associates.
Speaker 2 (00:15):
Tampa's top real estate company.
Speaker 1 (00:17):
Together, they have helped finance and clothes nearly one billion
dollars of real estate every year.
Speaker 2 (00:23):
If you're looking for local mortgage or real estate advice.
Speaker 1 (00:25):
The Business Happy Hour team has been right here on
news radio WFLA for over a decade.
Speaker 2 (00:30):
Listen right here or fight us on the Business Happy
Hour YouTube channel.
Speaker 1 (00:34):
Or follow us on Instagram at Frank Thebankkodo. Now, sit back, relax,
and get ready for some serious mortgage, real estate and
business talk with two of Tampa's top experts.
Speaker 2 (00:44):
Here's Frank the Bank and Senia.
Speaker 3 (00:47):
All right, Tampa Bay, Welcome back to the Business Happy Hour,
your number one two overall things business and entrepreneurial. I
am your host, Frank the Bank Coodo. It is Turkey Week.
Speaker 4 (00:56):
That's right.
Speaker 3 (00:57):
If you're listening to us on Saturday or Sunday on
nine or any of the other channels, we're on the radio.
You've already eaten your turkey. You're sitting there fat and stuffed.
You've already watched the football games. You already know who
won or lost, but we don't know because it's Monday
before Thanksgiving. Right now, we are live on the Instagram
and the Facebook machine. We're to share this out right now.
(01:17):
We've got a great show for you, Senny and I
are bringing we got some turkey questions today. We've got
a great agent partner from Aharran Associates named Mike Dickey
joining the show. Good morning, Mike, how are you today?
Speaker 5 (01:29):
Good morning, Good morning, don't fantastic, Thanks so much for
having me.
Speaker 3 (01:32):
Look, you're doing great already. And you said you've never
been on radio before, and you're already talking like a
radio co host. I love it. So we're going to
have a great show. Mike is an Air Force veteran.
We're going to learn a little bit about what it
takes to be in the Air Force and how the
heck do you go into real estate from many other
things like investments and Air Force and other fun stuff.
So we're gonna find that out from Mike, and Mike's
going to chime in on our statistics that Sinnia brings
(01:55):
every single Week's sin, I keep getting in trouble every
time I got in the community and I talk about
the state, people look at me and they call me
a liar, like I'm listening to the rate. I do
actually listen to the radio when I'm not on the radio,
So somehow I leave nine to seventy on all the time.
And I was listening to an evening show the other
day and I don't remember what it was, but it
was some sort of business show and they had a
commercial and then they had this realtor on there. I
(02:17):
love when they have the national realtor right, and they're like, oh,
national stats. You know, there's been ten ten cities in
Florida where prices have gone up this year. But I'm
not sorry, ten cities across the nation the price has
gone up, but none of them are in Florida. And
I'm like, they are so full of it. And Sinnia
does the stats. So Mike Senia does the stats every week,
(02:38):
we do month over month from last year to this year, right,
And every time she surprises me because we talk about
are things up are they down? And overall the truth
is things are up, they're not down. But for some reason,
you have all these negative nancies out there and they
feed on this clickbait and this negative news and they
want to scare people. You know, even when they give
(02:59):
good news, like ten markets went up, Why would you
say that, you really think the real in the market
only went up in ten places in the entire country.
I actually turned the channel. I didn't even listen to.
Speaker 6 (03:09):
What the Oh good.
Speaker 3 (03:10):
I don't want to hear what they said, because I'm like,
they said zero. We're in Florida, so I'm like, you're
full of it, right, Yeah, So anyway, it gonna be
a good show. We're gonna talk a little like I said,
little Bell about Turkey. Mike Dickey is our guest today.
I want to say a good morning to all the
hunters and the fishermen. I don't know about you, but
I'm super excited now. I know on the radio, if
(03:31):
you're listening, it's Saturday and the Sunday the cold fronts
already come through. Supposedly we're gonna get a predict in
the future. Do you guys hear this. We're supposed to
have a cold front on Wednesday, Wednesday, Thursday, so it
really could be a nice, really nice and cool Thanksgiving.
Like I looked at the temperature in North Florida where
I'm gonna be headed tomorrow to the hunting farm, and
(03:51):
it's supposed to be thirty five on Thursday morning, forty
five on Wednesday night, thirty five on in a high
of like sixty. Beautiful day, by the way, it could
be I'm predicting.
Speaker 6 (04:02):
Well, I hope so, because actually I looked this up
yesterday because after Thanksgiving I made plans to take my
little one on a little plate date to snow Cattridge
and I've never been.
Speaker 3 (04:11):
I've been there, you have, Yes, it is awesome.
Speaker 6 (04:14):
That's what I heard. When are you going well Friday?
And that's when I saw the temperature. I'm like, yes,
at least you know it'll be a bit cooler out,
So fingers crossed for cooler weather.
Speaker 3 (04:23):
Because I've been when it's hot and been when it's cold. Mike,
do you know we're talking about Sultia Ridge? Have you been?
Speaker 5 (04:27):
SnowCat Ridge is fantastic. It is and exactly what Frank
just said.
Speaker 6 (04:31):
Everybody's been except for me.
Speaker 3 (04:32):
No, but okay, so it's like the only place and
it's pretty legit snow. They actually use snowblowers and machines
and stuff. But I went one one year and it
was cold and like we were bundled up and it
was awesome. We did it at night. Are you doing
night or during the.
Speaker 6 (04:45):
Day like later afternoon. Oh, that'll be good after nap time.
Speaker 3 (04:48):
After naptime because they have lights and stuff, like everything
lights up. Do you remember that, mic? It was like
all lit up and everything. And then one year we
went and it was like eighty degrees. I don't know
how it was open. It was like slush. It was
like going down like a wet fra can slush things.
So let's hope for that chilliness for you. But snow Catridge, Yeah,
howlds a little one.
Speaker 6 (05:07):
He's he's going to be four soon, it's gonna be
so I think he's gonna love it. And I figure, hey,
we'll check it out now since we've never been, and
then we could, you know, go back in January when
they say it's supposed to be, you know, the ultimate
time when the snow is really Yeah.
Speaker 3 (05:20):
This is gonna be so much fun for you. Yeah,
So what about this? What do you guys have planned?
For Thanksgiving. Let's go right into that, Mike, what do
you have plan for Thanksgiving?
Speaker 5 (05:27):
So my wife and kid and brother here locally, we're
just playing into it. Instead of having dinner at home,
we're actually going to go out. So oh joy that
a little bit.
Speaker 3 (05:37):
I'm gonna get in so much trouble. So why why
are you going out? Have you never done that before?
Is this a first or do you guys do is
that a tradition?
Speaker 5 (05:45):
Or so this time last year we were actually in
Saint John, Oh and the bb I and BBI and
it was absolutely amazing, and so we ate out then
and really enjoyed it to deal with cleaning up and
again small, small family, right, so we just kind of
enjoy going out a little bit, have whatever we like,
and then enjoy.
Speaker 4 (06:05):
The rest of the day.
Speaker 5 (06:06):
Yeah, without the cleanup, without the cleanup.
Speaker 6 (06:08):
Perfect.
Speaker 5 (06:09):
And then over the weekend we're going to staying on
the beach on Saturday, and you've got.
Speaker 3 (06:14):
A great weekend. Okay, before I before everybody knows why
I'm going to be in trouble, let's ask Cinia, what
do you guys doing for things?
Speaker 2 (06:20):
Well?
Speaker 3 (06:21):
You me too.
Speaker 6 (06:21):
We are going out and actually it's a Auntie Judy Mahara. Okay,
she is the sweetest, let's raise Auntie. They've had this
tradition for the longest time where we go out to dinner.
So they host this dinner. They invite you know, whoever
doesn't have anywhere else to go, which we could host
at home. But I'm like, you know what, why do
that when we could just go eat, have a great time,
(06:43):
come home and no cleanup. But yes, very excited because
the food's delicious, the company's amazing, and they're just such
a generous, wonderful family. So any chance we have to
spend with them.
Speaker 3 (06:55):
Is you spent a lot of holidays?
Speaker 2 (06:57):
We do?
Speaker 3 (06:58):
Yeah, that's also so yeah, I'm in big trouble. So
you guys are going out to dinner to a restaurant.
Oh lord? So my wife every year for the last
few years, she's like, can we just go out to
dinner for Thanksgiving? And ever since I've been the tiniest
little boy. I wouldn't say we have a huge family,
but you know, usually ten, you know, depending on who comes,
(07:21):
ten to fifteen people maybe, right, And we've always had
the same tradition. You cook the turkey, we have the
same kind of like everybody else, got the same sides,
the same vegetables, same everything. You know, We eat, we
drink some sweet tea, maybe a little wine, have some
watching football, and that's it, right. But the complaint is
always from my mom or my wife or the ant
(07:42):
or whatever, like, oh we gotta do it again, Oh
we gotta cook, Oh we gotta clean everything up. Oh
we is can we go out to dinner? I'm like, no,
it's her to tradition. You guys raised me in this,
and so I took over the job probably I don't
know how long ago, maybe ten years ago, of cooking
the turkey, right, so I do the now you know,
ask you guys question and a minute, will you do
the fried turkey or the smoke turkey or the baked
(08:02):
turkey or whatever you know? And then they'll bring the sides.
All the grandparents and aunts and stuff will bring the sides.
But I always get in trouble because every year they ask.
And the last like four or five years, we've gone
up to the farm up in North Florida, which I
think everybody loves. But then the a few days before,
my wife's like, do we have to go? Why do
we have to do this. Can't we just go out?
(08:23):
And I'm like, no, so am I the bad guy?
Like I'm out numbered here two to three? Two out
of three.
Speaker 6 (08:28):
You're not the bad guy except for the wife, yes,
so Portnicole, Yeah, because I mean usually you still Yeah,
there's so much work just to prepare and even if
she's not cooking the turkey, there's a lot that goes
into it. There is, everybody eats so fast, then it's
just the cleanup. So I feel like when you're hosting,
you don't get to enjoy.
Speaker 3 (08:47):
It as much. Right, Yeah, dang it, Mike. You feel
in the same way.
Speaker 5 (08:50):
You know again, tradition is great and done it as well,
but I like to change it up personally, right.
Speaker 3 (08:56):
So man, And now once you guys started going out, though,
have you actually gone back to or to the tradition
or is it gone?
Speaker 5 (09:04):
So for myself personally, our family would go back and forth. Yeah, No,
it's we're perfectly fine with doing whatever we feel for
that coming years and nothing's shut.
Speaker 6 (09:13):
Okay, all right, and you you've well, I mean I
think the last couple of years probably we did go
to the Maharth because after we went to you know,
a couple and then we're like, all right, let's do
it at home because I had, you know, a lot
of family. I'm like, we're not bringing everybody over to
the Bahara celebration. And we went back. You have that
dinner that's just served and ready to go, and nobody
(09:34):
has to do the work.
Speaker 3 (09:35):
Now where do you all go?
Speaker 6 (09:37):
Ma Gianos?
Speaker 3 (09:37):
Okay?
Speaker 6 (09:38):
And you wouldn't think that they do, you know, a thanksgither,
but they do.
Speaker 3 (09:41):
I've actually known of it. Yeah, yes, they do, like
a full Thanksgiving feast.
Speaker 6 (09:45):
They do, and they do a really nice job. And
they always already have it decorated for Christmas, so you know,
we'll start taking our Christmas pictures by Christmas tree and
it's just it's a good time.
Speaker 4 (09:55):
Great.
Speaker 3 (09:55):
All right, Well, since we're talking turkey, we got a
couple of minutes left here and then we'll do some
stats in the next segment. Here the question, I'm gonna
pull you guys because I heard a poll this morning
on the radio. I heard two poles actually, so I'm
I'm the first one. I want to know, uh what
kind of turkey? Now this is doesn't mean you have
to cook it. I want to know what do you
prefer to eat. Okay, is it the traditional baked turkey?
(10:15):
Is it a smoked turkey, or is it a fried turkey?
Let's start with the lady, Cenia.
Speaker 6 (10:20):
I'm gonna say traditional baked, traditional baked. Well, listen, as
long as it's juicy, because I've had some really good
fried turkey.
Speaker 3 (10:27):
Huh.
Speaker 6 (10:28):
I tried it once and didn't quite work out for
me to fry it. Yeah, but I've never done it before,
you know, so, but I is hard. Yeah, so i'd
say traditional, okay, traditional, mind fight and true.
Speaker 5 (10:41):
Well, Caustinia said the same for me. As long as
it is juicy. Yeah, that is the key. H And
I also tried frying a turkey and it was an
absolute disaster, disaster. But but no, as long as it's juicy,
I could care less.
Speaker 3 (10:56):
How Okay, that's that's really interesting. So in the poll
that I heard this morning, it was a big fight
between smoked and fried. Baked was like tossed out really,
like twenty percent of the people went with baked. But
it's funny both you said. Everybody talked about the juiciness,
and the consensus was, I don't know if this is
good or bad for you, but butterball. If when you
buy there, you go and have a turkey. When you
(11:16):
buy a turkey, you gotta buy butterball. Why because they're
brind they're pre brined, and that's what makes them juicy
on the inside. So that's a little tip, you know.
Speaker 6 (11:24):
When I've made my own note, that is the key
I do normally Brian egg, you know, for a good one,
like twenty four hours you started the night before. But
I mean even that's.
Speaker 3 (11:32):
Worked, you got it. It's a lot of work that's too.
That's like an hour or two hours smoked.
Speaker 6 (11:36):
I mean people do it.
Speaker 2 (11:36):
What.
Speaker 6 (11:36):
I guess everybody's into their green egg, okay, because I
don't have one of those, so maybe if I had
one green egg.
Speaker 3 (11:42):
So I have a green egg. And we've gone back
and forth on that this recently, I'll do a smoked
and a fried, just because when you're out there working
on him either way, and it's really funny. The family
is split. It's about fifty to fifty smoked and fried.
I think the hunters like the smoked. I think they're
traditionalists like the fried. We're gonna take a break on
the business. Happy ever, when we get back, we'll have
one more little comment about fried turkey and not burning
down your house, and then we're gonna learn about the
(12:03):
statistics and get in with Mike Ticky.
Speaker 1 (12:05):
Stay tuned all the best mortgage or real estate advice
from Tampa Bay's top experts. It's the Business Happy Hour
with Prank, de Bankkoto and Senia.
Speaker 3 (12:15):
Hey, welcome back to the Business Happy I want to say,
what up to all those Jesuit boys. You guys are
the only ones in school today. What's that like? You're
in school Monday and Tuesday this week? Listen, I love
my Ala Marter, but for the love of God, and
we do love God, could you please let the boys
have off Monday and Tuesday before Thanksgiving so we could travel.
(12:35):
Daddy has some hunting to do, We've got some family
bond in time to do. And you're at school right now.
It's okay, we like the education, but please let them
have off school for Pete's sake. Back to Turkey's real quick.
Before we get into you know, business and stuff, we're
gonna keep talking turkeys. So you guys both went went
baked the poll this morning. The fried edged out the smoked, right,
(12:57):
But I think it's because like you said, you gotta
a green egg to smoke it unless you have like
a trigger or some other like smoker. So it's kind
of like coming and Mike, you said you've smoked one before, Oh,
you fried it before, and let me guess you guys
both turned it into crispy turkey.
Speaker 4 (13:10):
Correct.
Speaker 3 (13:11):
Yeah, So that there's a couple of quick things about that.
I've fried probably fifty turkeys. Everybody burns their first one,
like it's almost impossible not to. But the bit the
trick is you just kind of can't have the oil
too hot right and then and then you just you
can't let it get too dark on the outside. It's
it's pretty tough to do it. And the other trick is,
and I don't know, I'm not a big like chef guy,
(13:32):
but maybe there's something to this. Oil works better after
it's been used, so like a lot of people use
fresh oil and it doesn't work the same for some reason,
like the oil after you reuse your oil. I think
your restaurants obviously do that.
Speaker 4 (13:44):
So I don't know.
Speaker 3 (13:45):
I'm sure some restaurant tour is gonna yell at me
for saying this, but that's what seems to happen and
then the smoke, yeah, and the green egg. And the
problem with the smoked is if it's too hot, just
like the frying, you ended up, you end up charring
and you make the outside like what happens That skin
peels back, right, and then the turkey gets burned and everything.
But I like the smoke turkey. I think frying the
(14:06):
is probably the easiest thing for your oil.
Speaker 6 (14:07):
Then, so what you've just been reezing yours for the
last few years or what, well for a few years.
Speaker 3 (14:12):
I'll pour it back in the five gallon thing, right,
and there's little strainers and pumps and that filters, you know,
so it takes the particles out of it and stuff.
So it's it's pretty easy. But then I had a
little incident where some little icy got into opened up
my little oil thing in the pantry at the farm,
and so I had to get new oil this year.
So we're gonna see how that goes. But I love
the fried, you know, and once you perfect the fry,
(14:33):
I think it's easy.
Speaker 4 (14:34):
Oh.
Speaker 3 (14:34):
By the way, somebody asked me, how do you not
burn down your house? Here's what you do. You just
don't overfill the pot with oil.
Speaker 6 (14:40):
Do you do it inside of me. Well no, right,
you take a further away in the yard somewhere, and yes.
Speaker 3 (14:47):
The people have burned down their houses. They're like, yeah,
I was in the garage. I was like, why would
you ever do that? But yeah, if you if you
throw something and it has any ice in it or
freeze to it or water, then you don't happen. Oh yes, boom.
Speaker 6 (14:59):
I've learned the hard way too, and not for a turkey.
Speaker 3 (15:01):
But you also are supposed to have the gas off
when you put it in. That's another good way to
not blow yourself up. And you just shut the gas
off right and you put it in and if some
oil comes out, at least it doesn't become a flaming fireball.
Speaker 6 (15:14):
You're making it sound like there's some dangerous to this.
So I just need to get a smoker than to.
Speaker 3 (15:18):
Try the start a turkey fire. So I'm knocking on wood.
Maybe this year is not the year to start a
turkey fire. What was the other question? I had one
other question for you guys. Oh, here it is. Here's
the other poll question. Fun turkey question and maybe after Thanksgiving,
but it's still fun. And maybe you could answer this
question on what happened in your Thanksgiving? Should you talk
politics at Thanksgiving or not? Let's go to Mike. Politics
(15:40):
are no politics at Thanksgiving?
Speaker 5 (15:41):
Only if it's between you and somebody that you're on
the same page with. Other why it does not make
sense to bring it up.
Speaker 3 (15:50):
Okay, that might not be as fun, but he's right, yeah,
all right, what do.
Speaker 6 (15:53):
You that's good advite? No? I totally agree, and I
think we just try to avoid the avoid political talk altogether.
Speaker 4 (15:59):
All right.
Speaker 3 (16:00):
Pull this morning said it actually said a lot of
people enjoy the conversation. It said sixty five percent find
it entertaining to talk about it. But I think that
goes against Mike's advice. I think they find it entertaining
because there is disagreement.
Speaker 6 (16:14):
I'm sure you're not the one involved in the conversation
and you're watching the other two go at it.
Speaker 3 (16:19):
In my family, I don't know about yours. It is
it's like ninety five percent on one side, right, and
then there's there's there's one maybe a lot of times
one individual which sucks for that one, right, So a
lot of times we have to chill on that.
Speaker 5 (16:33):
So to your point, if most everybody's on your side,
you agree, Yeah, fantastic conversation. Who cares about the one
or two?
Speaker 3 (16:41):
But hopefully he's listening because he gets a little red
faced every once in a while. Dury is like, yeah,
well anyway, I'm like, don't forget who gave us the turkey?
Speaker 4 (16:52):
You know.
Speaker 3 (16:53):
Yeah, So there's our two turkey questions for the day.
That was a lot of fun. Hope you guys have
a wonderful Thanksgiving coming up, if you're on Instagram or
if you're listening to the radio, I hope you guys
have a great Thanksgiving. Let's talk with statistics. We've got
We've got about half our segment left. Every every week,
Sennia does our stats, Senya, what are you bringing for
us this one?
Speaker 6 (17:11):
I'm bringing October numbers. Oh yes, yes, So we just
had this come up and finally, or I mean, luckily
you mentioned the national numbers because I did pull those.
Oh I figured, you know, why not? And I'm going
to read a quote here from the Narchief economist Laurence Yun.
He said home sales increase in October even with the
(17:33):
government shut down due to home buyers taking advantage of
lower mortgage rates and rents are decelerating, which will reduce
inflation and encourage the FED to continue cutting rates and
pulling back their quantitative tightening. You and added this will
help bring more home buyers into the market since the
FED rate has an indirect impact on mortgage rates, which
(17:55):
we've been talking about this because hey, we're already seeing
that in the number. So guys, if you want to buy,
let's let's get started on the process.
Speaker 3 (18:05):
We're already we're already stating starting to see more activity.
And I think Mike would probably back this up. Sinny
and I talk about it almost every show, is that
as the rates come down, more people are going to
get into the market, and if you have more people,
you have more competition, which could lead to.
Speaker 4 (18:19):
Rights.
Speaker 3 (18:19):
He nailed it. And we don't even prepare for this, guys.
Mike just said that right out of.
Speaker 5 (18:25):
Nowhere, so basics applying to man.
Speaker 3 (18:27):
It really is yeah, right, So what what are we
advising the clients to do right now is get in right.
Speaker 5 (18:33):
Take advantage of the opportunity right now to negotiate. Yes,
there's you know, less the inventories out there, there's less demand,
take advantage of it now.
Speaker 3 (18:41):
Yeah, one hundred percent for sure. So what did it
tell us?
Speaker 6 (18:44):
Well, so so nationally and this is I think all
housing types, so that includes like you know, town homes
and condos. But year over year increase in one point
seven percent and this is closed volume.
Speaker 3 (18:55):
Okay, but I mean.
Speaker 6 (18:56):
Still that that's good. We increased activity a little bit.
And uh the every year median home price increase by
two point one percent.
Speaker 3 (19:04):
Oh my god. See this is you said two point
one two.
Speaker 6 (19:07):
Point one So I mean this is nationally, this is
you know, taken all the all the states.
Speaker 3 (19:12):
Right, And yet I'm listening to national news and national
radio and it burns me because they had, like on
Fox the other day, they had this on the Fox
Business thing. They had a national realtor. I'm like, first, like,
for what's a national realtor? First of all, I've never
heard of that. Right, real estate is localized. Okay, I'm
not hiring a national realtor. But he's like, yeah, you know,
overall your things are down, but then you have these pockets,
these small areas that have gone up. Why is it?
(19:34):
Why do they not have the same stats that you do?
Are you the best statistian in the entire tinder?
Speaker 2 (19:38):
No?
Speaker 6 (19:38):
Because I pull my numbers where I think everybody would
be pulling their numbers from from NAR right so right,
So I have no idea.
Speaker 3 (19:45):
Right and by the way, that's National Association of Realtors.
Speaker 6 (19:48):
I think they just come up whatever little blip they
see that's negative where they want to put out, you know.
Speaker 3 (19:52):
Some clickbait thank you clicks.
Speaker 6 (19:54):
Otherwise I don't understand.
Speaker 3 (19:55):
Now, and I don't even understand where they're pulling the
stats on. So when we get back from the from
the break here, we're gonna talk a little bit more
about statistics. We're gonna get Mike's opinion, and we're going
to find out who is Mike Dickey from Mahara and Associates.
Stay tuned to the Business Happy Are we back in
just a minute.
Speaker 1 (20:07):
Welcome to the Business Happy Hour radio show with your host,
Frank the Bank Kodo, the owner of Lincoln Lending Group
right here in Tampa Bay for twenty three years, joined
by his incredible co host, Senia Akishna, realtor with Mahara and.
Speaker 2 (20:21):
Associates, Tampa's top real estate company.
Speaker 1 (20:24):
Together they have helped finance and clothes nearly one billion
dollars of real estate every year.
Speaker 2 (20:29):
If you're looking for local mortgage or real estate advice.
Speaker 1 (20:32):
The Business Happy Hour team has been right here on
news radio WFLA for over a decade.
Speaker 2 (20:37):
Listen right here or fight us on the Business Happy
Hour YouTube channel, or follow us on Instagram at Frank Thebankkodo.
Speaker 1 (20:44):
Now, sit back, relax, and get ready for some serious mortgage,
real estate and business talk with two of Tampa's top experts.
Here's Frank the Bank and Senia all.
Speaker 3 (20:53):
Right back in studio with Senni Aikisha from Marhara and Associates.
This is Frank the Bank, your host, and we have
Mike Dickey from mahar and Associates as well. Been in
the business for like twenty five years and one part
of real estate or another. Mister Mike has also he
is an Air Force veteran. We're all learning a little
bit more about him later in this segment. I want
to finish talking about statistics though, because Sannia blows my
(21:14):
mind every time I listen to national news, National Radio,
and then I sit in my own show and Sania
tells me the truth about the statistics. Because we don't
provide clickbait here, we provide actual stats. And speaking of
actual stats, prior to the break, you were telling us
that closed loan volume across the entire nation was up
one point seven percent month over month a year of
(21:37):
a year. Oh god, that's even better. And then that's
right Eurovio's right October October right, And then prices were
up two point one percent. We were talking about hyper local, right.
Speaker 6 (21:48):
Well, hold on, so on that two point one percent,
so the media and the sale price. So this is
across the US four hundred and fifteen thousand. But I
highlighted this other little quote, the twenty eighth consecutive a
month of year over year price increases.
Speaker 3 (22:03):
What twenty eight consecutive months? Yees?
Speaker 6 (22:07):
I mean it sounds pretty positive to me.
Speaker 3 (22:09):
Man, So so what Okay, So we've been talking about
buyer and selling market. You always talk about inventory, and
I have a question. I'm gonna ask Mike about this,
but we always talking about our supply. How is our
supply right now?
Speaker 2 (22:21):
Oh?
Speaker 3 (22:22):
Oh oh yeah.
Speaker 6 (22:23):
She's like, oh oh yes, I've also got, you know,
our local numbers for Hillsboro, Panellas and Pasco counties. And okay,
here's a little of disfavor because on one of the
other shows they said, hey, when October numbers come out.
You know, we do have to take that certain thing
into perspective, which I'll ask you guys about this. So yeah,
in Hillsboro County, close sales were up by five point
(22:45):
five percent and Pasco almost twelve percent. Guests about Panellas.
Speaker 3 (22:53):
I'm gonna have to save down right down two percent?
Speaker 6 (22:57):
Urry up thirty six point three percent. Wow, but again October,
especially in Fanella's county.
Speaker 3 (23:05):
I mean this is nobody was buying, not much was.
Speaker 6 (23:07):
Doing, so I don't know how much of these you know,
the increase in closed sales has to do with the
lower right, which I think some right, but we do
have to attribute you know, a lot of it too.
Speaker 3 (23:16):
Nobody was buying last October, right because everybody was digging
themselves out of the sand basically.
Speaker 6 (23:20):
Last October pretty much. Yeah, but yeah, same with new
pending sales. These are big numbers. So in Hillsborough County,
new pending sales are up by thirty five percent, and
Panelas up almost thirty four percent, and in Pasco fifteen
point six percent.
Speaker 3 (23:36):
You said thirty six percent? Is that what you said?
Speaker 4 (23:39):
Yeah?
Speaker 3 (23:39):
Oh my god. Pending sales. So all right, so we
know we don't have a lot of supply, right, so
mine so speaking is supply.
Speaker 6 (23:48):
Yeah, I was looking at those numbers, so you know,
we talked months supply, and uh, it's three point nine
in Hillsboro, which it was at four last month.
Speaker 3 (23:57):
We're down, We're down a lot of it.
Speaker 6 (23:59):
Yeah, four point two and Panelas stayed the same from
last month, and then three point seven in Pasco, which
also went down a little bit. So across like the
four county area that includes Hernando, it's at four four
months supply.
Speaker 3 (24:14):
Right now, we are in a buyer's market because there's
not a lot of buyers. But Mike, how fast could
the market change if we see a rate drop or
we see a bunch of people jump in.
Speaker 5 (24:24):
When we see a rate drop, people start jumping in,
it will literally change overnight.
Speaker 3 (24:29):
So you're not saying this is this is not an
If this is a.
Speaker 4 (24:31):
Win, it's a win.
Speaker 3 (24:32):
I would absolutely agree with that.
Speaker 6 (24:33):
Well, and that month supply four Now it's only because
those buyers that are sitting on the fence aren't out
there rate now as soon as they come out because
of that lower rate, right, I mean, what's that going
to do?
Speaker 3 (24:44):
Right? So the consensus even with our new guest on
the show today here is you have a small window
and it could change overnight. Anything else. We want to
hit on the stats because I'm gonna know they think.
Speaker 6 (24:56):
We're running out of time here. But the other thing
I want to say, we're still you know, the TA
end of November. Yeah, if you're looking to buy, try
to close before the end of December. That way you
get your immediate homestead YEP for next year, and then
the Save our Homes cap that's also immediate, so you
don't have to wait.
Speaker 4 (25:12):
That's right.
Speaker 6 (25:13):
Those are closed before December thirty first, right, so.
Speaker 3 (25:15):
You've got time. You have plenty of time. I mean,
if you get in contract with Mike Rosenia, we can
absolutely get you closed in two three weeks at most.
So I'm going to say you've got a week and
a half left, maybe two weeks.
Speaker 6 (25:27):
We can get it done. Yeah, So call us today
and then nice little Christmas present. That's it my way
to start the new year.
Speaker 3 (25:33):
What's your phone number? How do they call you?
Speaker 5 (25:35):
You can call or text me anytime at eight one
to three aer code seven eight nine three one zero two.
Speaker 3 (25:41):
That's at seventy nine thirty one. Oh two is how
you get in touch with Mike Dickey over at Maharan Associates,
And of course contact Frankdbank dot com. Very easy to remember,
contact frankdbank dot com and you can just say, I
want to talk to that Air Force guy, Mike. So,
speaking of Mike, why don't you tell us a little
bit about yourself, Like where did you come from? You know,
how'd you get into investing in real estate and all that?
Speaker 4 (26:01):
Sure?
Speaker 5 (26:02):
Sure, So I'll try not to bore everybody here, but
I'm from a small town in Indiana, kind of grew up,
if you will, somewhat of a kind of a hillbilly
elogy type story. I won't get into. The bottom line is,
coming out of high school, I didn't really have opportunity
to go to college. I went in the Air Force.
Plus I wanted to anyway, and it was the greatest
five years of my life. I loved it. But I
(26:23):
knew that in order to and for myself propel and
really get to where I wanted to be financially, I'd
be better on my own out in the real world
as far as corporate, etc. But I knew I always
wanted to get into real estate, So I got out
of the military in the Panhandle, moved down to the
Tampa area in ninety nine, and before I bought my
(26:44):
first actual real home or primary residents, I used my
VA to buy a triplex my wife and I. But
I was very green, very novice. I had no idea,
I had no guidance. So you know that has challenges.
But I call it the hard knocks world of investing.
Where those next two three years, I ended up buying
four properties and it did end up buying my own
(27:08):
town home and then eventually built a house, but we
lived in one of the units. You hear this all
the time, that people say you could do this.
Speaker 4 (27:14):
We did.
Speaker 5 (27:15):
We lived in one of the units while our new
home was being built, worked at the property, and then
basically and three years later, no genius of my own,
but happened to be two thousand and five rolls around
and I ended up selling them all made some nice profits.
Speaker 6 (27:32):
Oh good force.
Speaker 5 (27:36):
I had one one properly, we'd bought it. It was
on two lots, ended up tearing down the house, built
two new homes and the second one sold on single demno.
Of two thousand and five. It literally took up until
about three years ago for that property to come back
to what the value was.
Speaker 4 (27:52):
I sold it.
Speaker 3 (27:52):
Then, Oh my god, where was that.
Speaker 5 (27:55):
It's right off of Hillsborgh Avenue. Oh it's called Forest Hills.
Speaker 3 (27:58):
Oh yeah, very familiar.
Speaker 4 (27:59):
Yeah.
Speaker 5 (28:00):
So, and so you know, after that, it got out
of the the you know, real estate for a bit
let that kind of go. But always was very interested.
But this whole time I worked corporate full Verizon, I
worked full time. I also went to school in the evenings,
and I used my GI bill to the company paid
tuition reimbursement, but I used a GI bill to offset
(28:22):
some of the costs with loans and you know all
this costs of remodeling.
Speaker 3 (28:28):
So genius.
Speaker 4 (28:29):
Yeah.
Speaker 5 (28:29):
So so then I got back into buying for remodeling
in the twenty twelve timeframe, remodeling selling I got. When
I couldn't actually get agents to contact me back about
properties that I were interested in, I went and got
my own license so I could control it myself. And
(28:50):
then now knowing that, you know, years later, twenty seventeen
ended up being kind of a downsizing with the company.
I was able to just go full time with real
and I've been doing that since. I've been also adding
on clients like investor buyers, where I kind of I
know what to look for. I know exactly what the
costs are generally, whether they're having to do it on
(29:12):
your own if you can. Some people are handy, some
or not, you got to hire it out. I've got
all the contacts for everything you need, literally everything, so
I kind of know, and I can look at a
property and analyze it quickly and know is there enough
margin here to make it worthwhile you.
Speaker 6 (29:26):
Can help them avoid little mistakes. You were talking before
the show with that first triplex you buy, tell me
tell us that little too.
Speaker 4 (29:34):
Yeah.
Speaker 5 (29:34):
So at the time I didn't know it, but I
ended up buying that from a wholesaler. I would have
no idea what that was. You know that then, So
of course they don't tell you anything, and I was
so green I didn't know to ask.
Speaker 4 (29:46):
So I go to set up water and.
Speaker 5 (29:48):
They can't find the property and I'm like what, And
they say to me, well, sure it's not on a well.
I said, huh, You're like what. So it turns out
that there was no water access or enough it was
well and the well was located on the other piece
of property that they had split, So I so my
(30:09):
investment that initial cost. Next thing I knew, I ended
up having to reach out to a local well company.
And when you supply water to more than one unit,
more than two, it has to be what's called a
limited supply well, and you have to do water samples.
So it's an extra cost. But the bottom line is
I've got it, got it in. My dad was an electrician.
He helped do the electrical We all got out there
(30:30):
and worked.
Speaker 4 (30:30):
We dug all the lines.
Speaker 3 (30:33):
Oh my god.
Speaker 5 (30:33):
So we worked every single weekend, my wife and I
on that property.
Speaker 6 (30:37):
And you know it was and you got it done.
But bottom line for our listeners, call Mike. Yeah, if
you're looking to invest, especially if you've never done it,
this is the guy to help you.
Speaker 3 (30:47):
Yeah. Well, it's it's always. The people who are the
best are the ones who have made the mistakes themselves
and they learn it. And you know, some of us
have to learn by making mistakes. Some listen to others.
I would love to be the one who doesn't learn
from his miss takes others. By the way, his number
again is eight one to three, seven eight nine thirty
one oh two. That's seven eight nine thirty one oh two.
(31:07):
Mike's not scared to give out his cell phone number.
We're going to talk about that in just a minute
on the show, because I do the same thing, and
I meet people all the time who are scared to
do it, and I'm like, well, how are you in business?
Are you? Are you self employed?
Speaker 4 (31:20):
You know?
Speaker 3 (31:21):
How are we gonna call you? You're like, oh, well,
I've got a different numbers. Like what does that mean?
You don't answer your phone all the time? Right? So
with that, when we after we get back from the break,
we'll talk to Mike about the importance of answering your
phone in all businesses, uh, and why we give out
our cell phone numbers. And then I want to go
back to talking about the VA loan and the triplex purchase.
I can't believe that was your first purchase, and a
(31:42):
lot of veterans don't know that you can buy multifamily,
and then the fact that I think you passed over
it very quickly, that you bought like two or three
more homes within those first few years, right out of
the military. So it can be done, guys, all right,
and this is the guy who has done it. Not
somebody's going to tell you how to do it, somebody
who has done it. Mike Dickey from Mahara and Associates
(32:02):
and Sennya Akisha will be back in just a minute
with yours Julie Frank the Bank on the Business Happy Hours.
Stay tuned.
Speaker 1 (32:08):
Let's get back to the Business Happy Hour radio show
with your host Frank the Bank Kodo, owner of Lincoln
Lending Group, and his co host Senya Akishna.
Speaker 2 (32:17):
Realtor with Mahara and Associates.
Speaker 3 (32:19):
All right, Tampa Bay, Welcome back to the Business Happy Hour.
This is our final segment of this show. Here with
Mike Dickey, Air Force veteran in real estate agent investor extraordinaire,
was telling us in the last segment how he bought
his first house. Now, Mike, this was basically right out
of the military. You bought it show within a couple
of years. Yeah, yes, you came out. Uh were you
(32:42):
were you working? Did you have a job when you
came out? O, kid?
Speaker 4 (32:44):
I was.
Speaker 5 (32:45):
I was working full time for GTKA at the time.
Speaker 3 (32:47):
You're already with gt at that time. And what made
you think that I'm going to go buy a triplex
for my first house? I mean, that's Sennia. Do you
ever hear that happen?
Speaker 6 (32:56):
I know, I was like, I was surprised. I'm like, say,
your first house you bought was no one for you
to live in, and it was actually an investment, right, I.
Speaker 3 (33:03):
Assume one of the units, right, correct.
Speaker 5 (33:05):
So so you know, a lot of people will will
hear and they say, oh, I've heard this ideal of
maybe buying a triplex. I could live on one side
and grow my wealth that way. And I you know,
I had read and I heard about these different things,
and in this particular case, being a triplex. Yes, no,
it wasn't glorious by any means.
Speaker 4 (33:23):
It wasn't.
Speaker 5 (33:23):
Now you should, but we had a place while our
home was being built, and uh, and then I started,
you know, I already had the other side rented. The
back unit still needed work, so we were fixing it
up while we were living there.
Speaker 4 (33:36):
Uh.
Speaker 5 (33:36):
Then it was an easy transition. Once the home was built,
we moved over, and then from there we kind of
continued on buying more properties.
Speaker 3 (33:44):
That's crazy, Like I mean to think veterans don't realize
that you guys have the best loan at your fingertips.
I can't get it Sinnia can't get it.
Speaker 6 (33:57):
I wish I could.
Speaker 3 (33:58):
I do too. I mean you could, And let me
ask you this. We all know the answer. But what
did you put down on that triplex? Purchase? Zero zero down?
And I bet in this market you could probably gotten
somebody to cover your closing cost too.
Speaker 5 (34:11):
Correct, in this market you definitely could, right.
Speaker 3 (34:13):
Yeah, So as a veteran, you're telling the veterans, you
are a veteran, and you're telling the veterans that they
can get one hundred percent financing on a triplex. You
could negotiate the clothes the cellar to cover closing cost correct, right, correct?
So why would somebody not do it?
Speaker 4 (34:29):
Scared?
Speaker 5 (34:29):
They're scared the lack of knowledge. And even myself, I
didn't know anybody. I didn't have any connections in If
I had known Frank Codo, then that would have made
my life so much easier when it came to the
financing and the preparers and everything needs to be done.
So that's the key of working with people who are good,
that know the business and will guide you the right way.
(34:53):
And my other thing is just you know, scared, whether
it be you know, buying traditionally or as an investment.
If you don't do something, nothing will happen. Once you
do get into something, It's amazing the way that life
works and things just evolve.
Speaker 3 (35:10):
I'm going to use that as a quote of the week.
We actually do a meeting for our company every Wednesday,
and I'm going to use Mike, and I'm going to
quote Mike if you'll let me, if you don't do something,
nothing will happen. What great advice that is and being scared.
Mike made a good point. It's about navigating with the
right people. So if you are a veteran and you're
(35:31):
sitting here and you're let's even say you're not a veteran,
I'll bring this up, by the way, because half of
our listeners are not. So if you're not a veteran,
you can do the same exact thing that Mike's talking
about on an FAHA product that Lincoln Lending Group offers.
It's one hundred percent FAHA loan. You don't have to
be a first time home buyer, just like you don't
(35:51):
to buy a triplex as a veteran either, And you
can get one hundred percent financing on a duplex as
a non veteran veterans can get it on a four
plex or a three, or a two or a one.
But the idea is you can become an investor and
a homeowner at the exact same time. And I'm gonna
go back to Mike's advice, if you don't do something,
(36:13):
nothing will happen. Well, I'm also gonna throw on this.
If you are scared about having a mortgage, but you're
renting right now, you already have a mortgage, but who
is your paying somebody Else's.
Speaker 5 (36:26):
Else's somebody else, and you're gaining nothing right where with owning,
you're you're gaining equity over time.
Speaker 3 (36:32):
Right now, now, talk to everybody real quick. We got
a few minutes lest what what happened? You bought you
kind of did it quick? You're like, oh, we bought it,
you know here, and then we sold it. You made
some money, didn't you.
Speaker 5 (36:42):
Yes, So you know, I will say my wife in
the early years, you know, she didn't love the whole
responsibility of being a landlord.
Speaker 4 (36:48):
And like I said, it.
Speaker 5 (36:50):
Wasn't all you know, roses, roses, And no it wasn't.
And these weren't the nicest properties by any means. But
in the end, so What happened was those four years
and had one of them where I had built, I
demolished the home. It was two lots. We built two
brand new houses and we sold those in two thousand
and five. I use that money to then do other things,
(37:14):
and then in the twenty twelve wi Ish timeframe, I
got into starting to renovate homes and been doing that since.
I've been helping buyers investors do the same. I love
helping people increase their network. It's one of the greatest
feelings that And you find one of the ugliest houses
in the neighborhood, you make it the most beautiful.
Speaker 4 (37:34):
That's it.
Speaker 5 (37:35):
And the people buying it, they cannot wait to close.
Speaker 2 (37:38):
Ye.
Speaker 5 (37:38):
At the same time, you get to make some money.
Speaker 4 (37:41):
Yeah.
Speaker 3 (37:41):
Yeah, And let me tell you, your neighbors will love
you too.
Speaker 4 (37:43):
And the neighbors love it, They love.
Speaker 3 (37:45):
It when you go in. If the key is never
buy the nicest house in the neighborhood, you buy the
least nice house, right, can't There is something called over improving. Right,
you don't want to over improve in the neighborhood either.
But I keep going back to Mike. Mike put his
foot in the pool and then he jumped in, But
if he hadn't jumped in, he wouldn't have the knowledge
that he has now, wouldn't figure it out. And Senny
(38:06):
and I implore you don't make the mistakes that Mike
and I did. Okay, we've all I made some bad
real estate and mistake. Today's the show for Mike. I'm
talking about my mistakes all day long. But we made
the mistakes. So you don't have to. So call the
right person, Mike, how did they get in touch with you? Again?
Speaker 5 (38:21):
Please call or text me anytime at eight one three
eric code seven eight nine three one zero two, or
you can email at MSD seven eight nine three one
zero two at gmail dot com.
Speaker 3 (38:33):
That's it, And if you happen to forget those, you're
welcome to check us out on all of the podcast channels.
You can rewind it, or you can ask Senya or myself, Senya,
what's that number you always give out?
Speaker 6 (38:43):
You can reach me at eight one three seven five
five reel.
Speaker 3 (38:46):
That's at seven five to five reel, So just remember that,
or contact Frankibank dot com and get in touch with
us and you can talk to Mike. Remember you don't
have to be a veteran. Yes, if you are, you
deserve it and you get better financing than Sennia and I.
But we can still get you one hundred percent financing
on that every j loan for a duplex. Mike, what
else do you want to leave the listeners with today?
We've got about a minute left.
Speaker 5 (39:07):
Okay, Well, I just want to thank you again for
having me on. You know, and when it comes to
buying real estate, you know it's a common quote, but
don't wait to buy real estate. Buy and wait?
Speaker 6 (39:21):
Oh, buy and buy and wait.
Speaker 3 (39:23):
Got two quotes of the day, This guy up with
buy and wait. Mike, you have been an absolute pleasure
to have on the show. Thank you so much for
your service. I know we didn't get a chance to
go into it, but we just had Veterans Day recently,
and I love the real life story. And I will
say I think you might be the first person in
my twenty six year career that bought multi family first.
I really think you are so you did it, you
(39:45):
made it through it. I think you're an inspiration for
others who can do it, veterans or not.
Speaker 4 (39:49):
So thank you, Thank you are welcome.
Speaker 3 (39:51):
Reach out to Mike Sinny I have a great Thanksgiving.
Speaker 6 (39:53):
Thank you so much. You guys too, and Mike, thank
you so much. Like he I really I've loved Mike
for years that you've been at Maharaan Associates. We only
see each other at the Christmas party, but so happy
to have you here today.
Speaker 4 (40:04):
Thank you so much, guys, I really appreciate it.
Speaker 3 (40:06):
It's been wonderful. Mike, have a great Thanksgiving. We will
see all you guys next week after the holiday. Have
a good one. It'll be December when we come back. Frank,
the bank is out.
Welcome to the Business Happy Hour radio show with your host,
Frank de Bankkodo, the owner of Lincoln Lending Group right
here in Tampa Bay for twenty three years, joined by
his incredible co host, Senya Akishna, realtor with Mahara and Associates.
Speaker 2 (00:15):
Tampa's top real estate company.
Speaker 1 (00:17):
Together, they have helped finance and clothes nearly one billion
dollars of real estate every year.
Speaker 2 (00:23):
If you're looking for local mortgage or real estate advice.
Speaker 1 (00:25):
The Business Happy Hour team has been right here on
news radio WFLA for over a decade.
Speaker 2 (00:30):
Listen right here or fight us on the Business Happy
Hour YouTube channel.
Speaker 1 (00:34):
Or follow us on Instagram at Frank Thebankkodo. Now, sit back, relax,
and get ready for some serious mortgage, real estate and
business talk with two of Tampa's top experts.
Speaker 2 (00:44):
Here's Frank the Bank and Senia.
Speaker 3 (00:47):
All right, Tampa Bay, Welcome back to the Business Happy Hour,
your number one two overall things business and entrepreneurial. I
am your host, Frank the Bank Coodo. It is Turkey Week.
Speaker 4 (00:56):
That's right.
Speaker 3 (00:57):
If you're listening to us on Saturday or Sunday on
nine or any of the other channels, we're on the radio.
You've already eaten your turkey. You're sitting there fat and stuffed.
You've already watched the football games. You already know who
won or lost, but we don't know because it's Monday
before Thanksgiving. Right now, we are live on the Instagram
and the Facebook machine. We're to share this out right now.
(01:17):
We've got a great show for you, Senny and I
are bringing we got some turkey questions today. We've got
a great agent partner from Aharran Associates named Mike Dickey
joining the show. Good morning, Mike, how are you today?
Speaker 5 (01:29):
Good morning, Good morning, don't fantastic, Thanks so much for
having me.
Speaker 3 (01:32):
Look, you're doing great already. And you said you've never
been on radio before, and you're already talking like a
radio co host. I love it. So we're going to
have a great show. Mike is an Air Force veteran.
We're going to learn a little bit about what it
takes to be in the Air Force and how the
heck do you go into real estate from many other
things like investments and Air Force and other fun stuff.
So we're gonna find that out from Mike, and Mike's
going to chime in on our statistics that Sinnia brings
(01:55):
every single Week's sin, I keep getting in trouble every
time I got in the community and I talk about
the state, people look at me and they call me
a liar, like I'm listening to the rate. I do
actually listen to the radio when I'm not on the radio,
So somehow I leave nine to seventy on all the time.
And I was listening to an evening show the other
day and I don't remember what it was, but it
was some sort of business show and they had a
commercial and then they had this realtor on there. I
(02:17):
love when they have the national realtor right, and they're like, oh,
national stats. You know, there's been ten ten cities in
Florida where prices have gone up this year. But I'm
not sorry, ten cities across the nation the price has
gone up, but none of them are in Florida. And
I'm like, they are so full of it. And Sinnia
does the stats. So Mike Senia does the stats every week,
(02:38):
we do month over month from last year to this year, right,
And every time she surprises me because we talk about
are things up are they down? And overall the truth
is things are up, they're not down. But for some reason,
you have all these negative nancies out there and they
feed on this clickbait and this negative news and they
want to scare people. You know, even when they give
(02:59):
good news, like ten markets went up, Why would you
say that, you really think the real in the market
only went up in ten places in the entire country.
I actually turned the channel. I didn't even listen to.
Speaker 6 (03:09):
What the Oh good.
Speaker 3 (03:10):
I don't want to hear what they said, because I'm like,
they said zero. We're in Florida, so I'm like, you're
full of it, right, Yeah, So anyway, it gonna be
a good show. We're gonna talk a little like I said,
little Bell about Turkey. Mike Dickey is our guest today.
I want to say a good morning to all the
hunters and the fishermen. I don't know about you, but
I'm super excited now. I know on the radio, if
(03:31):
you're listening, it's Saturday and the Sunday the cold fronts
already come through. Supposedly we're gonna get a predict in
the future. Do you guys hear this. We're supposed to
have a cold front on Wednesday, Wednesday, Thursday, so it
really could be a nice, really nice and cool Thanksgiving.
Like I looked at the temperature in North Florida where
I'm gonna be headed tomorrow to the hunting farm, and
(03:51):
it's supposed to be thirty five on Thursday morning, forty
five on Wednesday night, thirty five on in a high
of like sixty. Beautiful day, by the way, it could
be I'm predicting.
Speaker 6 (04:02):
Well, I hope so, because actually I looked this up
yesterday because after Thanksgiving I made plans to take my
little one on a little plate date to snow Cattridge
and I've never been.
Speaker 3 (04:11):
I've been there, you have, Yes, it is awesome.
Speaker 6 (04:14):
That's what I heard. When are you going well Friday?
And that's when I saw the temperature. I'm like, yes,
at least you know it'll be a bit cooler out,
So fingers crossed for cooler weather.
Speaker 3 (04:23):
Because I've been when it's hot and been when it's cold. Mike,
do you know we're talking about Sultia Ridge? Have you been?
Speaker 5 (04:27):
SnowCat Ridge is fantastic. It is and exactly what Frank
just said.
Speaker 6 (04:31):
Everybody's been except for me.
Speaker 3 (04:32):
No, but okay, so it's like the only place and
it's pretty legit snow. They actually use snowblowers and machines
and stuff. But I went one one year and it
was cold and like we were bundled up and it
was awesome. We did it at night. Are you doing
night or during the.
Speaker 6 (04:45):
Day like later afternoon. Oh, that'll be good after nap time.
Speaker 3 (04:48):
After naptime because they have lights and stuff, like everything
lights up. Do you remember that, mic? It was like
all lit up and everything. And then one year we
went and it was like eighty degrees. I don't know
how it was open. It was like slush. It was
like going down like a wet fra can slush things.
So let's hope for that chilliness for you. But snow Catridge, Yeah,
howlds a little one.
Speaker 6 (05:07):
He's he's going to be four soon, it's gonna be
so I think he's gonna love it. And I figure, hey,
we'll check it out now since we've never been, and
then we could, you know, go back in January when
they say it's supposed to be, you know, the ultimate
time when the snow is really Yeah.
Speaker 3 (05:20):
This is gonna be so much fun for you. Yeah,
So what about this? What do you guys have planned?
For Thanksgiving. Let's go right into that, Mike, what do
you have plan for Thanksgiving?
Speaker 5 (05:27):
So my wife and kid and brother here locally, we're
just playing into it. Instead of having dinner at home,
we're actually going to go out. So oh joy that
a little bit.
Speaker 3 (05:37):
I'm gonna get in so much trouble. So why why
are you going out? Have you never done that before?
Is this a first or do you guys do is
that a tradition?
Speaker 5 (05:45):
Or so this time last year we were actually in
Saint John, Oh and the bb I and BBI and
it was absolutely amazing, and so we ate out then
and really enjoyed it to deal with cleaning up and
again small, small family, right, so we just kind of
enjoy going out a little bit, have whatever we like,
and then enjoy.
Speaker 4 (06:05):
The rest of the day.
Speaker 5 (06:06):
Yeah, without the cleanup, without the cleanup.
Speaker 6 (06:08):
Perfect.
Speaker 5 (06:09):
And then over the weekend we're going to staying on
the beach on Saturday, and you've got.
Speaker 3 (06:14):
A great weekend. Okay, before I before everybody knows why
I'm going to be in trouble, let's ask Cinia, what
do you guys doing for things?
Speaker 2 (06:20):
Well?
Speaker 3 (06:21):
You me too.
Speaker 6 (06:21):
We are going out and actually it's a Auntie Judy Mahara. Okay,
she is the sweetest, let's raise Auntie. They've had this
tradition for the longest time where we go out to dinner.
So they host this dinner. They invite you know, whoever
doesn't have anywhere else to go, which we could host
at home. But I'm like, you know what, why do
that when we could just go eat, have a great time,
(06:43):
come home and no cleanup. But yes, very excited because
the food's delicious, the company's amazing, and they're just such
a generous, wonderful family. So any chance we have to
spend with them.
Speaker 3 (06:55):
Is you spent a lot of holidays?
Speaker 2 (06:57):
We do?
Speaker 3 (06:58):
Yeah, that's also so yeah, I'm in big trouble. So
you guys are going out to dinner to a restaurant.
Oh lord? So my wife every year for the last
few years, she's like, can we just go out to
dinner for Thanksgiving? And ever since I've been the tiniest
little boy. I wouldn't say we have a huge family,
but you know, usually ten, you know, depending on who comes,
(07:21):
ten to fifteen people maybe, right, And we've always had
the same tradition. You cook the turkey, we have the
same kind of like everybody else, got the same sides,
the same vegetables, same everything. You know, We eat, we
drink some sweet tea, maybe a little wine, have some
watching football, and that's it, right. But the complaint is
always from my mom or my wife or the ant
(07:42):
or whatever, like, oh we gotta do it again, Oh
we gotta cook, Oh we gotta clean everything up. Oh
we is can we go out to dinner? I'm like, no,
it's her to tradition. You guys raised me in this,
and so I took over the job probably I don't
know how long ago, maybe ten years ago, of cooking
the turkey, right, so I do the now you know,
ask you guys question and a minute, will you do
the fried turkey or the smoke turkey or the baked
(08:02):
turkey or whatever you know? And then they'll bring the sides.
All the grandparents and aunts and stuff will bring the sides.
But I always get in trouble because every year they ask.
And the last like four or five years, we've gone
up to the farm up in North Florida, which I
think everybody loves. But then the a few days before,
my wife's like, do we have to go? Why do
we have to do this. Can't we just go out?
(08:23):
And I'm like, no, so am I the bad guy?
Like I'm out numbered here two to three? Two out
of three.
Speaker 6 (08:28):
You're not the bad guy except for the wife, yes,
so Portnicole, Yeah, because I mean usually you still Yeah,
there's so much work just to prepare and even if
she's not cooking the turkey, there's a lot that goes
into it. There is, everybody eats so fast, then it's
just the cleanup. So I feel like when you're hosting,
you don't get to enjoy.
Speaker 3 (08:47):
It as much. Right, Yeah, dang it, Mike. You feel
in the same way.
Speaker 5 (08:50):
You know again, tradition is great and done it as well,
but I like to change it up personally, right.
Speaker 3 (08:56):
So man, And now once you guys started going out, though,
have you actually gone back to or to the tradition
or is it gone?
Speaker 5 (09:04):
So for myself personally, our family would go back and forth. Yeah, No,
it's we're perfectly fine with doing whatever we feel for
that coming years and nothing's shut.
Speaker 6 (09:13):
Okay, all right, and you you've well, I mean I
think the last couple of years probably we did go
to the Maharth because after we went to you know,
a couple and then we're like, all right, let's do
it at home because I had, you know, a lot
of family. I'm like, we're not bringing everybody over to
the Bahara celebration. And we went back. You have that
dinner that's just served and ready to go, and nobody
(09:34):
has to do the work.
Speaker 3 (09:35):
Now where do you all go?
Speaker 6 (09:37):
Ma Gianos?
Speaker 3 (09:37):
Okay?
Speaker 6 (09:38):
And you wouldn't think that they do, you know, a thanksgither,
but they do.
Speaker 3 (09:41):
I've actually known of it. Yeah, yes, they do, like
a full Thanksgiving feast.
Speaker 6 (09:45):
They do, and they do a really nice job. And
they always already have it decorated for Christmas, so you know,
we'll start taking our Christmas pictures by Christmas tree and
it's just it's a good time.
Speaker 4 (09:55):
Great.
Speaker 3 (09:55):
All right, Well, since we're talking turkey, we got a
couple of minutes left here and then we'll do some
stats in the next segment. Here the question, I'm gonna
pull you guys because I heard a poll this morning
on the radio. I heard two poles actually, so I'm
I'm the first one. I want to know, uh what
kind of turkey? Now this is doesn't mean you have
to cook it. I want to know what do you
prefer to eat. Okay, is it the traditional baked turkey?
(10:15):
Is it a smoked turkey, or is it a fried turkey?
Let's start with the lady, Cenia.
Speaker 6 (10:20):
I'm gonna say traditional baked, traditional baked. Well, listen, as
long as it's juicy, because I've had some really good
fried turkey.
Speaker 3 (10:27):
Huh.
Speaker 6 (10:28):
I tried it once and didn't quite work out for
me to fry it. Yeah, but I've never done it before,
you know, so, but I is hard. Yeah, so i'd
say traditional, okay, traditional, mind fight and true.
Speaker 5 (10:41):
Well, Caustinia said the same for me. As long as
it is juicy. Yeah, that is the key. H And
I also tried frying a turkey and it was an
absolute disaster, disaster. But but no, as long as it's juicy,
I could care less.
Speaker 3 (10:56):
How Okay, that's that's really interesting. So in the poll
that I heard this morning, it was a big fight
between smoked and fried. Baked was like tossed out really,
like twenty percent of the people went with baked. But
it's funny both you said. Everybody talked about the juiciness,
and the consensus was, I don't know if this is
good or bad for you, but butterball. If when you
buy there, you go and have a turkey. When you
(11:16):
buy a turkey, you gotta buy butterball. Why because they're
brind they're pre brined, and that's what makes them juicy
on the inside. So that's a little tip, you know.
Speaker 6 (11:24):
When I've made my own note, that is the key
I do normally Brian egg, you know, for a good one,
like twenty four hours you started the night before. But
I mean even that's.
Speaker 3 (11:32):
Worked, you got it. It's a lot of work that's too.
That's like an hour or two hours smoked.
Speaker 6 (11:36):
I mean people do it.
Speaker 2 (11:36):
What.
Speaker 6 (11:36):
I guess everybody's into their green egg, okay, because I
don't have one of those, so maybe if I had
one green egg.
Speaker 3 (11:42):
So I have a green egg. And we've gone back
and forth on that this recently, I'll do a smoked
and a fried, just because when you're out there working
on him either way, and it's really funny. The family
is split. It's about fifty to fifty smoked and fried.
I think the hunters like the smoked. I think they're
traditionalists like the fried. We're gonna take a break on
the business. Happy ever, when we get back, we'll have
one more little comment about fried turkey and not burning
down your house, and then we're gonna learn about the
(12:03):
statistics and get in with Mike Ticky.
Speaker 1 (12:05):
Stay tuned all the best mortgage or real estate advice
from Tampa Bay's top experts. It's the Business Happy Hour
with Prank, de Bankkoto and Senia.
Speaker 3 (12:15):
Hey, welcome back to the Business Happy I want to say,
what up to all those Jesuit boys. You guys are
the only ones in school today. What's that like? You're
in school Monday and Tuesday this week? Listen, I love
my Ala Marter, but for the love of God, and
we do love God, could you please let the boys
have off Monday and Tuesday before Thanksgiving so we could travel.
(12:35):
Daddy has some hunting to do, We've got some family
bond in time to do. And you're at school right now.
It's okay, we like the education, but please let them
have off school for Pete's sake. Back to Turkey's real quick.
Before we get into you know, business and stuff, we're
gonna keep talking turkeys. So you guys both went went
baked the poll this morning. The fried edged out the smoked, right,
(12:57):
But I think it's because like you said, you gotta
a green egg to smoke it unless you have like
a trigger or some other like smoker. So it's kind
of like coming and Mike, you said you've smoked one before, Oh,
you fried it before, and let me guess you guys
both turned it into crispy turkey.
Speaker 4 (13:10):
Correct.
Speaker 3 (13:11):
Yeah, So that there's a couple of quick things about that.
I've fried probably fifty turkeys. Everybody burns their first one,
like it's almost impossible not to. But the bit the
trick is you just kind of can't have the oil
too hot right and then and then you just you
can't let it get too dark on the outside. It's
it's pretty tough to do it. And the other trick is,
and I don't know, I'm not a big like chef guy,
(13:32):
but maybe there's something to this. Oil works better after
it's been used, so like a lot of people use
fresh oil and it doesn't work the same for some reason,
like the oil after you reuse your oil. I think
your restaurants obviously do that.
Speaker 4 (13:44):
So I don't know.
Speaker 3 (13:45):
I'm sure some restaurant tour is gonna yell at me
for saying this, but that's what seems to happen and
then the smoke, yeah, and the green egg. And the
problem with the smoked is if it's too hot, just
like the frying, you ended up, you end up charring
and you make the outside like what happens That skin
peels back, right, and then the turkey gets burned and everything.
But I like the smoke turkey. I think frying the
(14:06):
is probably the easiest thing for your oil.
Speaker 6 (14:07):
Then, so what you've just been reezing yours for the
last few years or what, well for a few years.
Speaker 3 (14:12):
I'll pour it back in the five gallon thing, right,
and there's little strainers and pumps and that filters, you know,
so it takes the particles out of it and stuff.
So it's it's pretty easy. But then I had a
little incident where some little icy got into opened up
my little oil thing in the pantry at the farm,
and so I had to get new oil this year.
So we're gonna see how that goes. But I love
the fried, you know, and once you perfect the fry,
(14:33):
I think it's easy.
Speaker 4 (14:34):
Oh.
Speaker 3 (14:34):
By the way, somebody asked me, how do you not
burn down your house? Here's what you do. You just
don't overfill the pot with oil.
Speaker 6 (14:40):
Do you do it inside of me. Well no, right,
you take a further away in the yard somewhere, and yes.
Speaker 3 (14:47):
The people have burned down their houses. They're like, yeah,
I was in the garage. I was like, why would
you ever do that? But yeah, if you if you
throw something and it has any ice in it or
freeze to it or water, then you don't happen. Oh yes, boom.
Speaker 6 (14:59):
I've learned the hard way too, and not for a turkey.
Speaker 3 (15:01):
But you also are supposed to have the gas off
when you put it in. That's another good way to
not blow yourself up. And you just shut the gas
off right and you put it in and if some
oil comes out, at least it doesn't become a flaming fireball.
Speaker 6 (15:14):
You're making it sound like there's some dangerous to this.
So I just need to get a smoker than to.
Speaker 3 (15:18):
Try the start a turkey fire. So I'm knocking on wood.
Maybe this year is not the year to start a
turkey fire. What was the other question? I had one
other question for you guys. Oh, here it is. Here's
the other poll question. Fun turkey question and maybe after Thanksgiving,
but it's still fun. And maybe you could answer this
question on what happened in your Thanksgiving? Should you talk
politics at Thanksgiving or not? Let's go to Mike. Politics
(15:40):
are no politics at Thanksgiving?
Speaker 5 (15:41):
Only if it's between you and somebody that you're on
the same page with. Other why it does not make
sense to bring it up.
Speaker 3 (15:50):
Okay, that might not be as fun, but he's right, yeah,
all right, what do.
Speaker 6 (15:53):
You that's good advite? No? I totally agree, and I
think we just try to avoid the avoid political talk altogether.
Speaker 4 (15:59):
All right.
Speaker 3 (16:00):
Pull this morning said it actually said a lot of
people enjoy the conversation. It said sixty five percent find
it entertaining to talk about it. But I think that
goes against Mike's advice. I think they find it entertaining
because there is disagreement.
Speaker 6 (16:14):
I'm sure you're not the one involved in the conversation
and you're watching the other two go at it.
Speaker 3 (16:19):
In my family, I don't know about yours. It is
it's like ninety five percent on one side, right, and
then there's there's there's one maybe a lot of times
one individual which sucks for that one, right, So a
lot of times we have to chill on that.
Speaker 5 (16:33):
So to your point, if most everybody's on your side,
you agree, Yeah, fantastic conversation. Who cares about the one
or two?
Speaker 3 (16:41):
But hopefully he's listening because he gets a little red
faced every once in a while. Dury is like, yeah,
well anyway, I'm like, don't forget who gave us the turkey?
Speaker 4 (16:52):
You know.
Speaker 3 (16:53):
Yeah, So there's our two turkey questions for the day.
That was a lot of fun. Hope you guys have
a wonderful Thanksgiving coming up, if you're on Instagram or
if you're listening to the radio, I hope you guys
have a great Thanksgiving. Let's talk with statistics. We've got
We've got about half our segment left. Every every week,
Sennia does our stats, Senya, what are you bringing for
us this one?
Speaker 6 (17:11):
I'm bringing October numbers. Oh yes, yes, So we just
had this come up and finally, or I mean, luckily
you mentioned the national numbers because I did pull those.
Oh I figured, you know, why not? And I'm going
to read a quote here from the Narchief economist Laurence Yun.
He said home sales increase in October even with the
(17:33):
government shut down due to home buyers taking advantage of
lower mortgage rates and rents are decelerating, which will reduce
inflation and encourage the FED to continue cutting rates and
pulling back their quantitative tightening. You and added this will
help bring more home buyers into the market since the
FED rate has an indirect impact on mortgage rates, which
(17:55):
we've been talking about this because hey, we're already seeing
that in the number. So guys, if you want to buy,
let's let's get started on the process.
Speaker 3 (18:05):
We're already we're already stating starting to see more activity.
And I think Mike would probably back this up. Sinny
and I talk about it almost every show, is that
as the rates come down, more people are going to
get into the market, and if you have more people,
you have more competition, which could lead to.
Speaker 4 (18:19):
Rights.
Speaker 3 (18:19):
He nailed it. And we don't even prepare for this, guys.
Mike just said that right out of.
Speaker 5 (18:25):
Nowhere, so basics applying to man.
Speaker 3 (18:27):
It really is yeah, right, So what what are we
advising the clients to do right now is get in right.
Speaker 5 (18:33):
Take advantage of the opportunity right now to negotiate. Yes,
there's you know, less the inventories out there, there's less demand,
take advantage of it now.
Speaker 3 (18:41):
Yeah, one hundred percent for sure. So what did it
tell us?
Speaker 6 (18:44):
Well, so so nationally and this is I think all
housing types, so that includes like you know, town homes
and condos. But year over year increase in one point
seven percent and this is closed volume.
Speaker 3 (18:55):
Okay, but I mean.
Speaker 6 (18:56):
Still that that's good. We increased activity a little bit.
And uh the every year median home price increase by
two point one percent.
Speaker 3 (19:04):
Oh my god. See this is you said two point
one two.
Speaker 6 (19:07):
Point one So I mean this is nationally, this is
you know, taken all the all the states.
Speaker 3 (19:12):
Right, And yet I'm listening to national news and national
radio and it burns me because they had, like on
Fox the other day, they had this on the Fox
Business thing. They had a national realtor. I'm like, first, like,
for what's a national realtor? First of all, I've never
heard of that. Right, real estate is localized. Okay, I'm
not hiring a national realtor. But he's like, yeah, you know,
overall your things are down, but then you have these pockets,
these small areas that have gone up. Why is it?
(19:34):
Why do they not have the same stats that you do?
Are you the best statistian in the entire tinder?
Speaker 2 (19:38):
No?
Speaker 6 (19:38):
Because I pull my numbers where I think everybody would
be pulling their numbers from from NAR right so right,
So I have no idea.
Speaker 3 (19:45):
Right and by the way, that's National Association of Realtors.
Speaker 6 (19:48):
I think they just come up whatever little blip they
see that's negative where they want to put out, you know.
Speaker 3 (19:52):
Some clickbait thank you clicks.
Speaker 6 (19:54):
Otherwise I don't understand.
Speaker 3 (19:55):
Now, and I don't even understand where they're pulling the
stats on. So when we get back from the from
the break here, we're gonna talk a little bit more
about statistics. We're gonna get Mike's opinion, and we're going
to find out who is Mike Dickey from Mahara and Associates.
Stay tuned to the Business Happy Are we back in
just a minute.
Speaker 1 (20:07):
Welcome to the Business Happy Hour radio show with your host,
Frank the Bank Kodo, the owner of Lincoln Lending Group
right here in Tampa Bay for twenty three years, joined
by his incredible co host, Senia Akishna, realtor with Mahara and.
Speaker 2 (20:21):
Associates, Tampa's top real estate company.
Speaker 1 (20:24):
Together they have helped finance and clothes nearly one billion
dollars of real estate every year.
Speaker 2 (20:29):
If you're looking for local mortgage or real estate advice.
Speaker 1 (20:32):
The Business Happy Hour team has been right here on
news radio WFLA for over a decade.
Speaker 2 (20:37):
Listen right here or fight us on the Business Happy
Hour YouTube channel, or follow us on Instagram at Frank Thebankkodo.
Speaker 1 (20:44):
Now, sit back, relax, and get ready for some serious mortgage,
real estate and business talk with two of Tampa's top experts.
Here's Frank the Bank and Senia all.
Speaker 3 (20:53):
Right back in studio with Senni Aikisha from Marhara and Associates.
This is Frank the Bank, your host, and we have
Mike Dickey from mahar and Associates as well. Been in
the business for like twenty five years and one part
of real estate or another. Mister Mike has also he
is an Air Force veteran. We're all learning a little
bit more about him later in this segment. I want
to finish talking about statistics though, because Sannia blows my
(21:14):
mind every time I listen to national news, National Radio,
and then I sit in my own show and Sania
tells me the truth about the statistics. Because we don't
provide clickbait here, we provide actual stats. And speaking of
actual stats, prior to the break, you were telling us
that closed loan volume across the entire nation was up
one point seven percent month over month a year of
(21:37):
a year. Oh god, that's even better. And then that's
right Eurovio's right October October right, And then prices were
up two point one percent. We were talking about hyper local, right.
Speaker 6 (21:48):
Well, hold on, so on that two point one percent,
so the media and the sale price. So this is
across the US four hundred and fifteen thousand. But I
highlighted this other little quote, the twenty eighth consecutive a
month of year over year price increases.
Speaker 3 (22:03):
What twenty eight consecutive months? Yees?
Speaker 6 (22:07):
I mean it sounds pretty positive to me.
Speaker 3 (22:09):
Man, So so what Okay, So we've been talking about
buyer and selling market. You always talk about inventory, and
I have a question. I'm gonna ask Mike about this,
but we always talking about our supply. How is our
supply right now?
Speaker 2 (22:21):
Oh?
Speaker 3 (22:22):
Oh oh yeah.
Speaker 6 (22:23):
She's like, oh oh yes, I've also got, you know,
our local numbers for Hillsboro, Panellas and Pasco counties. And okay,
here's a little of disfavor because on one of the
other shows they said, hey, when October numbers come out.
You know, we do have to take that certain thing
into perspective, which I'll ask you guys about this. So yeah,
in Hillsboro County, close sales were up by five point
(22:45):
five percent and Pasco almost twelve percent. Guests about Panellas.
Speaker 3 (22:53):
I'm gonna have to save down right down two percent?
Speaker 6 (22:57):
Urry up thirty six point three percent. Wow, but again October,
especially in Fanella's county.
Speaker 3 (23:05):
I mean this is nobody was buying, not much was.
Speaker 6 (23:07):
Doing, so I don't know how much of these you know,
the increase in closed sales has to do with the
lower right, which I think some right, but we do
have to attribute you know, a lot of it too.
Speaker 3 (23:16):
Nobody was buying last October, right because everybody was digging
themselves out of the sand basically.
Speaker 6 (23:20):
Last October pretty much. Yeah, but yeah, same with new
pending sales. These are big numbers. So in Hillsborough County,
new pending sales are up by thirty five percent, and
Panelas up almost thirty four percent, and in Pasco fifteen
point six percent.
Speaker 3 (23:36):
You said thirty six percent? Is that what you said?
Speaker 4 (23:39):
Yeah?
Speaker 3 (23:39):
Oh my god. Pending sales. So all right, so we
know we don't have a lot of supply, right, so
mine so speaking is supply.
Speaker 6 (23:48):
Yeah, I was looking at those numbers, so you know,
we talked months supply, and uh, it's three point nine
in Hillsboro, which it was at four last month.
Speaker 3 (23:57):
We're down, We're down a lot of it.
Speaker 6 (23:59):
Yeah, four point two and Panelas stayed the same from
last month, and then three point seven in Pasco, which
also went down a little bit. So across like the
four county area that includes Hernando, it's at four four
months supply.
Speaker 3 (24:14):
Right now, we are in a buyer's market because there's
not a lot of buyers. But Mike, how fast could
the market change if we see a rate drop or
we see a bunch of people jump in.
Speaker 5 (24:24):
When we see a rate drop, people start jumping in,
it will literally change overnight.
Speaker 3 (24:29):
So you're not saying this is this is not an
If this is a.
Speaker 4 (24:31):
Win, it's a win.
Speaker 3 (24:32):
I would absolutely agree with that.
Speaker 6 (24:33):
Well, and that month supply four Now it's only because
those buyers that are sitting on the fence aren't out
there rate now as soon as they come out because
of that lower rate, right, I mean, what's that going
to do?
Speaker 3 (24:44):
Right? So the consensus even with our new guest on
the show today here is you have a small window
and it could change overnight. Anything else. We want to
hit on the stats because I'm gonna know they think.
Speaker 6 (24:56):
We're running out of time here. But the other thing
I want to say, we're still you know, the TA
end of November. Yeah, if you're looking to buy, try
to close before the end of December. That way you
get your immediate homestead YEP for next year, and then
the Save our Homes cap that's also immediate, so you
don't have to wait.
Speaker 4 (25:12):
That's right.
Speaker 6 (25:13):
Those are closed before December thirty first, right, so.
Speaker 3 (25:15):
You've got time. You have plenty of time. I mean,
if you get in contract with Mike Rosenia, we can
absolutely get you closed in two three weeks at most.
So I'm going to say you've got a week and
a half left, maybe two weeks.
Speaker 6 (25:27):
We can get it done. Yeah, So call us today
and then nice little Christmas present. That's it my way
to start the new year.
Speaker 3 (25:33):
What's your phone number? How do they call you?
Speaker 5 (25:35):
You can call or text me anytime at eight one
to three aer code seven eight nine three one zero two.
Speaker 3 (25:41):
That's at seventy nine thirty one. Oh two is how
you get in touch with Mike Dickey over at Maharan Associates,
And of course contact Frankdbank dot com. Very easy to remember,
contact frankdbank dot com and you can just say, I
want to talk to that Air Force guy, Mike. So,
speaking of Mike, why don't you tell us a little
bit about yourself, Like where did you come from? You know,
how'd you get into investing in real estate and all that?
Speaker 4 (26:01):
Sure?
Speaker 5 (26:02):
Sure, So I'll try not to bore everybody here, but
I'm from a small town in Indiana, kind of grew up,
if you will, somewhat of a kind of a hillbilly
elogy type story. I won't get into. The bottom line is,
coming out of high school, I didn't really have opportunity
to go to college. I went in the Air Force.
Plus I wanted to anyway, and it was the greatest
five years of my life. I loved it. But I
(26:23):
knew that in order to and for myself propel and
really get to where I wanted to be financially, I'd
be better on my own out in the real world
as far as corporate, etc. But I knew I always
wanted to get into real estate, So I got out
of the military in the Panhandle, moved down to the
Tampa area in ninety nine, and before I bought my
(26:44):
first actual real home or primary residents, I used my
VA to buy a triplex my wife and I. But
I was very green, very novice. I had no idea,
I had no guidance. So you know that has challenges.
But I call it the hard knocks world of investing.
Where those next two three years, I ended up buying
four properties and it did end up buying my own
(27:08):
town home and then eventually built a house, but we
lived in one of the units. You hear this all
the time, that people say you could do this.
Speaker 4 (27:14):
We did.
Speaker 5 (27:15):
We lived in one of the units while our new
home was being built, worked at the property, and then
basically and three years later, no genius of my own,
but happened to be two thousand and five rolls around
and I ended up selling them all made some nice profits.
Speaker 6 (27:32):
Oh good force.
Speaker 5 (27:36):
I had one one properly, we'd bought it. It was
on two lots, ended up tearing down the house, built
two new homes and the second one sold on single demno.
Of two thousand and five. It literally took up until
about three years ago for that property to come back
to what the value was.
Speaker 4 (27:52):
I sold it.
Speaker 3 (27:52):
Then, Oh my god, where was that.
Speaker 5 (27:55):
It's right off of Hillsborgh Avenue. Oh it's called Forest Hills.
Speaker 3 (27:58):
Oh yeah, very familiar.
Speaker 4 (27:59):
Yeah.
Speaker 5 (28:00):
So, and so you know, after that, it got out
of the the you know, real estate for a bit
let that kind of go. But always was very interested.
But this whole time I worked corporate full Verizon, I
worked full time. I also went to school in the evenings,
and I used my GI bill to the company paid
tuition reimbursement, but I used a GI bill to offset
(28:22):
some of the costs with loans and you know all
this costs of remodeling.
Speaker 3 (28:28):
So genius.
Speaker 4 (28:29):
Yeah.
Speaker 5 (28:29):
So so then I got back into buying for remodeling
in the twenty twelve timeframe, remodeling selling I got. When
I couldn't actually get agents to contact me back about
properties that I were interested in, I went and got
my own license so I could control it myself. And
(28:50):
then now knowing that, you know, years later, twenty seventeen
ended up being kind of a downsizing with the company.
I was able to just go full time with real
and I've been doing that since. I've been also adding
on clients like investor buyers, where I kind of I
know what to look for. I know exactly what the
costs are generally, whether they're having to do it on
(29:12):
your own if you can. Some people are handy, some
or not, you got to hire it out. I've got
all the contacts for everything you need, literally everything, so
I kind of know, and I can look at a
property and analyze it quickly and know is there enough
margin here to make it worthwhile you.
Speaker 6 (29:26):
Can help them avoid little mistakes. You were talking before
the show with that first triplex you buy, tell me
tell us that little too.
Speaker 4 (29:34):
Yeah.
Speaker 5 (29:34):
So at the time I didn't know it, but I
ended up buying that from a wholesaler. I would have
no idea what that was. You know that then, So
of course they don't tell you anything, and I was
so green I didn't know to ask.
Speaker 4 (29:46):
So I go to set up water and.
Speaker 5 (29:48):
They can't find the property and I'm like what, And
they say to me, well, sure it's not on a well.
I said, huh, You're like what. So it turns out
that there was no water access or enough it was
well and the well was located on the other piece
of property that they had split, So I so my
(30:09):
investment that initial cost. Next thing I knew, I ended
up having to reach out to a local well company.
And when you supply water to more than one unit,
more than two, it has to be what's called a
limited supply well, and you have to do water samples.
So it's an extra cost. But the bottom line is
I've got it, got it in. My dad was an electrician.
He helped do the electrical We all got out there
(30:30):
and worked.
Speaker 4 (30:30):
We dug all the lines.
Speaker 3 (30:33):
Oh my god.
Speaker 5 (30:33):
So we worked every single weekend, my wife and I
on that property.
Speaker 6 (30:37):
And you know it was and you got it done.
But bottom line for our listeners, call Mike. Yeah, if
you're looking to invest, especially if you've never done it,
this is the guy to help you.
Speaker 3 (30:47):
Yeah. Well, it's it's always. The people who are the
best are the ones who have made the mistakes themselves
and they learn it. And you know, some of us
have to learn by making mistakes. Some listen to others.
I would love to be the one who doesn't learn
from his miss takes others. By the way, his number
again is eight one to three, seven eight nine thirty
one oh two. That's seven eight nine thirty one oh two.
(31:07):
Mike's not scared to give out his cell phone number.
We're going to talk about that in just a minute
on the show, because I do the same thing, and
I meet people all the time who are scared to
do it, and I'm like, well, how are you in business?
Are you? Are you self employed?
Speaker 4 (31:20):
You know?
Speaker 3 (31:21):
How are we gonna call you? You're like, oh, well,
I've got a different numbers. Like what does that mean?
You don't answer your phone all the time? Right? So
with that, when we after we get back from the break,
we'll talk to Mike about the importance of answering your
phone in all businesses, uh, and why we give out
our cell phone numbers. And then I want to go
back to talking about the VA loan and the triplex purchase.
I can't believe that was your first purchase, and a
(31:42):
lot of veterans don't know that you can buy multifamily,
and then the fact that I think you passed over
it very quickly, that you bought like two or three
more homes within those first few years, right out of
the military. So it can be done, guys, all right,
and this is the guy who has done it. Not
somebody's going to tell you how to do it, somebody
who has done it. Mike Dickey from Mahara and Associates
(32:02):
and Sennya Akisha will be back in just a minute
with yours Julie Frank the Bank on the Business Happy Hours.
Stay tuned.
Speaker 1 (32:08):
Let's get back to the Business Happy Hour radio show
with your host Frank the Bank Kodo, owner of Lincoln
Lending Group, and his co host Senya Akishna.
Speaker 2 (32:17):
Realtor with Mahara and Associates.
Speaker 3 (32:19):
All right, Tampa Bay, Welcome back to the Business Happy Hour.
This is our final segment of this show. Here with
Mike Dickey, Air Force veteran in real estate agent investor extraordinaire,
was telling us in the last segment how he bought
his first house. Now, Mike, this was basically right out
of the military. You bought it show within a couple
of years. Yeah, yes, you came out. Uh were you
(32:42):
were you working? Did you have a job when you
came out? O, kid?
Speaker 4 (32:44):
I was.
Speaker 5 (32:45):
I was working full time for GTKA at the time.
Speaker 3 (32:47):
You're already with gt at that time. And what made
you think that I'm going to go buy a triplex
for my first house? I mean, that's Sennia. Do you
ever hear that happen?
Speaker 6 (32:56):
I know, I was like, I was surprised. I'm like, say,
your first house you bought was no one for you
to live in, and it was actually an investment, right, I.
Speaker 3 (33:03):
Assume one of the units, right, correct.
Speaker 5 (33:05):
So so you know, a lot of people will will
hear and they say, oh, I've heard this ideal of
maybe buying a triplex. I could live on one side
and grow my wealth that way. And I you know,
I had read and I heard about these different things,
and in this particular case, being a triplex. Yes, no,
it wasn't glorious by any means.
Speaker 4 (33:23):
It wasn't.
Speaker 5 (33:23):
Now you should, but we had a place while our
home was being built, and uh, and then I started,
you know, I already had the other side rented. The
back unit still needed work, so we were fixing it
up while we were living there.
Speaker 4 (33:36):
Uh.
Speaker 5 (33:36):
Then it was an easy transition. Once the home was built,
we moved over, and then from there we kind of
continued on buying more properties.
Speaker 3 (33:44):
That's crazy, Like I mean to think veterans don't realize
that you guys have the best loan at your fingertips.
I can't get it Sinnia can't get it.
Speaker 6 (33:57):
I wish I could.
Speaker 3 (33:58):
I do too. I mean you could, And let me
ask you this. We all know the answer. But what
did you put down on that triplex? Purchase? Zero zero down?
And I bet in this market you could probably gotten
somebody to cover your closing cost too.
Speaker 5 (34:11):
Correct, in this market you definitely could, right.
Speaker 3 (34:13):
Yeah, So as a veteran, you're telling the veterans, you
are a veteran, and you're telling the veterans that they
can get one hundred percent financing on a triplex. You
could negotiate the clothes the cellar to cover closing cost correct, right, correct?
So why would somebody not do it?
Speaker 4 (34:29):
Scared?
Speaker 5 (34:29):
They're scared the lack of knowledge. And even myself, I
didn't know anybody. I didn't have any connections in If
I had known Frank Codo, then that would have made
my life so much easier when it came to the
financing and the preparers and everything needs to be done.
So that's the key of working with people who are good,
that know the business and will guide you the right way.
(34:53):
And my other thing is just you know, scared, whether
it be you know, buying traditionally or as an investment.
If you don't do something, nothing will happen. Once you
do get into something, It's amazing the way that life
works and things just evolve.
Speaker 3 (35:10):
I'm going to use that as a quote of the week.
We actually do a meeting for our company every Wednesday,
and I'm going to use Mike, and I'm going to
quote Mike if you'll let me, if you don't do something,
nothing will happen. What great advice that is and being scared.
Mike made a good point. It's about navigating with the
right people. So if you are a veteran and you're
(35:31):
sitting here and you're let's even say you're not a veteran,
I'll bring this up, by the way, because half of
our listeners are not. So if you're not a veteran,
you can do the same exact thing that Mike's talking
about on an FAHA product that Lincoln Lending Group offers.
It's one hundred percent FAHA loan. You don't have to
be a first time home buyer, just like you don't
(35:51):
to buy a triplex as a veteran either, And you
can get one hundred percent financing on a duplex as
a non veteran veterans can get it on a four
plex or a three, or a two or a one.
But the idea is you can become an investor and
a homeowner at the exact same time. And I'm gonna
go back to Mike's advice, if you don't do something,
(36:13):
nothing will happen. Well, I'm also gonna throw on this.
If you are scared about having a mortgage, but you're
renting right now, you already have a mortgage, but who
is your paying somebody Else's.
Speaker 5 (36:26):
Else's somebody else, and you're gaining nothing right where with owning,
you're you're gaining equity over time.
Speaker 3 (36:32):
Right now, now, talk to everybody real quick. We got
a few minutes lest what what happened? You bought you
kind of did it quick? You're like, oh, we bought it,
you know here, and then we sold it. You made
some money, didn't you.
Speaker 5 (36:42):
Yes, So you know, I will say my wife in
the early years, you know, she didn't love the whole
responsibility of being a landlord.
Speaker 4 (36:48):
And like I said, it.
Speaker 5 (36:50):
Wasn't all you know, roses, roses, And no it wasn't.
And these weren't the nicest properties by any means. But
in the end, so What happened was those four years
and had one of them where I had built, I
demolished the home. It was two lots. We built two
brand new houses and we sold those in two thousand
and five. I use that money to then do other things,
(37:14):
and then in the twenty twelve wi Ish timeframe, I
got into starting to renovate homes and been doing that since.
I've been helping buyers investors do the same. I love
helping people increase their network. It's one of the greatest
feelings that And you find one of the ugliest houses
in the neighborhood, you make it the most beautiful.
Speaker 4 (37:34):
That's it.
Speaker 5 (37:35):
And the people buying it, they cannot wait to close.
Speaker 2 (37:38):
Ye.
Speaker 5 (37:38):
At the same time, you get to make some money.
Speaker 4 (37:41):
Yeah.
Speaker 3 (37:41):
Yeah, And let me tell you, your neighbors will love
you too.
Speaker 4 (37:43):
And the neighbors love it, They love.
Speaker 3 (37:45):
It when you go in. If the key is never
buy the nicest house in the neighborhood, you buy the
least nice house, right, can't There is something called over improving. Right,
you don't want to over improve in the neighborhood either.
But I keep going back to Mike. Mike put his
foot in the pool and then he jumped in, But
if he hadn't jumped in, he wouldn't have the knowledge
that he has now, wouldn't figure it out. And Senny
(38:06):
and I implore you don't make the mistakes that Mike
and I did. Okay, we've all I made some bad
real estate and mistake. Today's the show for Mike. I'm
talking about my mistakes all day long. But we made
the mistakes. So you don't have to. So call the
right person, Mike, how did they get in touch with you? Again?
Speaker 5 (38:21):
Please call or text me anytime at eight one three
eric code seven eight nine three one zero two, or
you can email at MSD seven eight nine three one
zero two at gmail dot com.
Speaker 3 (38:33):
That's it, And if you happen to forget those, you're
welcome to check us out on all of the podcast channels.
You can rewind it, or you can ask Senya or myself, Senya,
what's that number you always give out?
Speaker 6 (38:43):
You can reach me at eight one three seven five
five reel.
Speaker 3 (38:46):
That's at seven five to five reel, So just remember that,
or contact Frankibank dot com and get in touch with
us and you can talk to Mike. Remember you don't
have to be a veteran. Yes, if you are, you
deserve it and you get better financing than Sennia and I.
But we can still get you one hundred percent financing
on that every j loan for a duplex. Mike, what
else do you want to leave the listeners with today?
We've got about a minute left.
Speaker 5 (39:07):
Okay, Well, I just want to thank you again for
having me on. You know, and when it comes to
buying real estate, you know it's a common quote, but
don't wait to buy real estate. Buy and wait?
Speaker 6 (39:21):
Oh, buy and buy and wait.
Speaker 3 (39:23):
Got two quotes of the day, This guy up with
buy and wait. Mike, you have been an absolute pleasure
to have on the show. Thank you so much for
your service. I know we didn't get a chance to
go into it, but we just had Veterans Day recently,
and I love the real life story. And I will
say I think you might be the first person in
my twenty six year career that bought multi family first.
I really think you are so you did it, you
(39:45):
made it through it. I think you're an inspiration for
others who can do it, veterans or not.
Speaker 4 (39:49):
So thank you, Thank you are welcome.
Speaker 3 (39:51):
Reach out to Mike Sinny I have a great Thanksgiving.
Speaker 6 (39:53):
Thank you so much. You guys too, and Mike, thank
you so much. Like he I really I've loved Mike
for years that you've been at Maharaan Associates. We only
see each other at the Christmas party, but so happy
to have you here today.
Speaker 4 (40:04):
Thank you so much, guys, I really appreciate it.
Speaker 3 (40:06):
It's been wonderful. Mike, have a great Thanksgiving. We will
see all you guys next week after the holiday. Have
a good one. It'll be December when we come back. Frank,
the bank is out.
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