All Forum Posts by: Joel Hutchinson

Thanks Gina Medrano,

The most time consuming aspect is the sheer volume. I can listen to the podcasts during the drive to and from work, but with over 400 podcasts and growing, reading and editing all of the transcripts at my current pace would probably take 5-7 months working 40 hours a week...or over 3.3 years working 1 hour a day every day. Of course, in 3.3 years, BP will probably have produced another 400+ podcasts, so catching up would be quite challenging if I did this alone.

My apologies for the following. This is more than you asked for! But, so far, I’ve only completed a handful of these personally and recently hired a freelancer (who is not doing this as a joint venture) on a trial basis.

Our current approach/format follows:

Mostly “Cut & Paste” Format:

• Use “In Todays Podcast We Cover” (can find here: BP Podcast 006: Investing While Working a Full Time Job with Arthur Garcia) bullet points as the basic framework for our Top 10 Takeaway headings and create additional heading(s) if necessary.
• Cut & Paste essential context and/or attention grabbing stories from the transcript (Show 006: Investing While Working a Full Time Job with Arthur Garcia) to support each Heading.
• Find the word, phrase, or sentence(s) that directly answer the question posed/implied in the Heading and highlight this text in bold.
• When possible, cut and trim the supporting paragraphs and sentences that are redundant and/or irrelevant.
• In short, the reader should be able to quickly scan the headings and see the direct answers in bold, and read the remaining supporting text if necessary.

A sample of our current work can be found here: Top 10 Takeaways - Podcast 426 with Jon Wooten

If anyone is interested in trying one of these Top 10 summaries, we can set up payment through Venmo or some other electronic payment system.

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Perhaps this is a crazy idea, but I absolutely love the podcasts and would like to summarize and post all of them to the member blog. There is soooo much fantastic information in the podcasts and I would love to have a quick and comprehensive reference for the key ideas. Unfortunately, with my day job and 4 kids, this just isn’t going to happen. I’ve also looked into paying freelancers to do this, but even at the best rates I have found so far, the freelancer approach is quite expensive. So I’m wondering if any BP members would be interested in a joint venture to summarize the BP podcasts for $25 for each transcript. Your name and link to your personal profile would be included on each Blog post. My current approach is to create a “Top 10 Takeaways” format based on the “In This Episode We Cover” bullet points on the podcast webpage. It’s not difficult but can easily take me 2-3 hours or more for each podcast. If anyone is interested, let me know. We can start with one podcast at a time to see if this works for both of us. Or if this is just a terrible idea, please let me know!

Yes. Of course, unless the seller is willing to consider owner financing (hold a second position note), you might need to bring cash to closing to pay for this equity.

@Brett Durfee, you summed up the Souther California investing dilemma so perfectly! I am struggling with the same issues. I haven't completely ruled out Bakersfield and Palmdale, but will probably invest oos.

@Joe Steele, there are so many oos investing options. How did you select Huntsville?

Hello Taylor L,

Thank you for mentioning current growth, industry diversity, and U-Haul migration trends as options for looking at the data.

Perhaps even more pertinent is your observation that nobody can accurately predict the economic future and "ultimately the hunt for the perfect data set can turn into procrastination".

Thanks for your feedback!

I'm trying to decide where to invest out of state and finding an overwhelming amount of demographic data that is either retrospective or a snapshot of the present. 

What I would really like to know is where will all the new jobs go? Where are employers setting up shop, relocating, or opening new branches? In short, what cities have the highest projected NEW job growth in the future? Current and past population trends and economic data is helpful, but in deciding where to buy real estate, I would really love to glimpse the future. 

Does this make sense or am I looking at this the wrong way?

Any suggestions would be greatly appreciated!

Hi Richard Toothill,

I'm thinking of joining this Boardroom Mastermind. Just curious, has your opinion of this mastermind group changed over the last three years?

OK! I will look into your suggestions. 

Thank You Kenneth Garrett and Nghi Le!

Thank You for this Fantastic post Oke Tammik!

I agree the employment sector/failing companies are the big wild card and can’t help but wonder if CLOs (Collateral Loan Obligations) losses will destabilize insurance companies & banks and ultimately the larger economy.

CLOs: ground zero for the next stage of the financial crisis?

Those $700B in US CLOs: Who holds them, what risk they pose?

Thank You Ryan Howell and Scott Wolf! This is precisely the perspective and helpful suggestion I was hoping for.