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Tax Code Optimization: Doing What The Ultra-Wealthy Are Doing
Let me just tell you a little bit about Memorial Day. In case you didn’t know, I like history. It is observed on the last Monday of May. We’re honoring the men and women who died while serving in the US military. This is from History.com. “Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. The early observances of Memorial Day and the Civil War, which ended in the spring of 1865 claimed more lives than any other conflict in US history and required the establishment of the country’s first national cemetery. By the late 1860s, Americans in various towns and cities had begun holding springtime tributes to these countless fallen soldiers decorating their graves with flowers and reciting prayers. It’s unclear where exactly this tradition originated. Numerous different communities may have independently initiated the memorial gatherings. Nevertheless, in 1966 the federal government declared Waterloo, New York, the official birthplace of Memorial Day.
Waterloo first celebrated the day on May 5th, 1866. It was chosen because it hosted an annual community-wide event during which businesses closed and residents decorated the graves of the soldiers with flowers and flags. On May 5th, 1868 General John A. Logan, leader of an organization for Northern Civil War veterans, called for a nationwide day remembrance later that month. ‘The 30th of May, 1868, is designated for the purpose of strewing with flowers, or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion, and whose bodies now lie in almost every city, village and hamlet churchyard in the land,’ he proclaimed. On the first Decoration Day, General James Garfield made a speech at Arlington National Cemetery, and around 5,000 participants decorated the graves of the 20,000 Union and Confederate soldiers buried there.”
Here are seven Memorial Day facts you probably didn’t know. Number one, multiple cities claimed to be the birthplace of Memorial Day. Number two, it was originally called Decoration Day. Number three, Union General John A. Logan founded the holiday. Number four, Memorial Day wasn’t celebrated on the last Monday in May until relatively recently. In fact, in 1971, Logan may have chosen 30 as an interesting reason because 30 wasn’t the anniversary of any battle in particular. Number six, it’s customary for the US president or vice president to give a speech. Number seven, originally only soldiers who had died in the Civil War were honored. Obviously, that’s changed and what awesome country we live in. I went to Washington, DC as a kid in the seventh-grade on a class trip with my Holy Family fellow students there from Port Allen. It was a seventh, eighth-grade trip. I just went with my daughter when she was a seventh grader. Their class trip went. I have so much appreciation for Arlington.
It’s amazing. I teared up when I was there. Every person in the cemetery is a true textbook definition of a hero, just like all of our military serving this country that don’t get to go to a barbecue with their family because they’re overseas or at boot camp. The true heroes of this country are our military and they’re awesome. Every one of them is a true leader. I’m thankful for all of them and I pray for them every day that the Lord continue to protect them, keep them safe and that his presence would invade their families. I know that it is a true sacrifice to be away. I don’t know what it’s like to go serve, but being away from my family for a week, I’ll miss my wife and kids. These men and women are laying their life on the line doing the ultimate sacrifice. I’m honored to live in this country, and I’m so thankful that we have a military that’s willing to go to war at a moment’s notice. I do hope that you continue to keep our military in your prayers, pray that the Lord continue to bless them and keep them safe.
Moving on to finances, the market was acting like a roller coaster. If you’re just sick and tired of the volatility and wondering if the market’s going to go down, I can tell you it’s going to go down because I’m looking at history and history repeats itself with the market. I believe that the market will go down again in the future. Obviously, I have no idea when because if I did, I’d be a billionaire but it’s going to happen. For the average person that’s working, making a contribution from their paycheck to a 401(k) every month, we don’t have a lot of control on what that money is going into.
If you are open-minded, I can show you a couple of things that are better than the market. It gives you liquidity if you needed control of your money and it’s not tying up the market. Do you like the Roth IRA? Are you a fan of the Roth? We have something very similar to the Roth. It’s a strategy that I have implemented for my wife, me and our kids. You can put as much money as you want into it. Putting money in a vehicle, making contributions that are tax deductible and also pulling the money out tax-free, does that sound appealing to you? If you could do that, would you want to learn more about it? I encourage you to go back to the first show of 2019. I had a great guest. Rebecca Walser was on the show. We’re talking about the volatility of the market. Rebecca is always on Fox News and Fox Business. She’s a tax lawyer and she’s always talking about tax laws. There are ways to take advantage of the tax laws.
Oil And Gas Opportunity
Whatever laws that are in the Internal Revenue Code, take advantage of those. I encourage you to do what the ultra-wealthy are doing. That’s what I’m doing and I’m not ultra-wealthy. I’m not even wealthy, but I’ve been fortunate enough to follow some of the same strategies that they’re doing. There’s a reason some of these ultra-wealthy people have tax lawyers and CPAs on staff. The ordinary every day, common folk can do what they do. You scale it down to your income. Oil and gas are a tremendous opportunity right down in this country. I’ve labeled the term organic lunatic, some of these far left radical people. They are talking about this country being free of fossil fuels in ten years. That’s not going to happen. Oil and gas are not going anywhere anytime soon.
In fact, it’s just the opposite. The technology for drilling oil and gas has improved tremendously in the last years. There are opportunities to receive a fantastic tax deduction for contributing your cash into direct participation oil and gas project, oil and gas equity. All we’re doing is following some tax laws following the Internal Revenue Code Section 263(c) 59(e). That speaks of intangible drilling costs. Internal Revenue Code Section 611, 613, 613(c)(6), speaks of depletion allowance. Do you have any idea what this is? I encourage you to learn. I encourage you to get educated about a place where you can invest money, put your money in and then receive a deduction in the same year, potentially 100%. There are some variable factors there. It depends on when the wells are drilled. The worst case scenario is 78%, 80%. The law reads 85%, but President Trump had the tax law that went into effect.
Accelerate The Depletion Allowance
There’s a way to accelerate the depletion allowance so you could put your money in and potentially receive up to 100% deduction. It depends on when the wells were drilled. Of course, it depends on when you put your money in, but when you make a contribution, $50,000 is the minimum amount. You have to file it. If you did that, you would have to file an extension. When 2020 rolls around, you will file an extension on your taxes and you will wait until you receive the IDCs, the Intangible Drilling Costs. You hand those to your CPA and you will receive a deduction percentage based on the amount you put in. There’s risk involved. Anytime you put a drill bit in the ground 5,000 feet deep, something can go wrong, but we have a great track record. It’s the importance of being in more than one oil well. This is another example of taking advantage of the Internal Revenue Code and taking advantage of the tax laws. It’s optimizing the tax code.
If you go to your traditional strip mall broker, they’re not going to have access to this. I work directly for an oil and gas company. When you put your money and there’s no commission made on this, your money goes to work for you, all of it. There are actually two ways to invest. There are some great tax benefits for contributing your money. The US government rewards you and they encourage you to invest in oil and gas by giving you a tax deduction because at that time, back when all this started, Ronald Reagan had a vision of America being independent of foreign oil. We have reached that point and we’re still importing and exporting all at the same time. Our country would do fine if we never took in another barrel of foreign oil again. We are okay and we will be for years to come.
There are a lot of activities going on, just a little bit north of us in beautiful East and West Feliciana Parish and Wilkinson County. In fact, I was in beautiful downtown Liberty, Mississippi. There’s not a whole lot going on, but I like going up there. I made a little stop in Centreville, Mississippi and going down to Woodville, Mississippi. Basically, I hit all those little towns. I had some business to take care of while I was out there in Mississippi. There’s a lot of activity going on. The main companies that are drilling, they’re targeting the Austin Chalk formation and the three main companies are ConocoPhillips, EOG and Marathon. I spoke to a lawyer and he told me that EOG is permitted for nineteen wells to be drilled in East Feliciana Parish. All of that is going on.
Perks Of Being A Lender In Oil And Gas
Those companies I just named: EOG, Marathon, and ConocoPhillips, they are all publicly traded companies. Why are they publicly traded? They’re in the business for raising capital. We do the same things. We are a private equity company, but we need capital to roll. Whenever we drill wells, obviously there’s a raise. There are some great tax benefits for that. Before you even drill the wells, what has to happen first? Before EOG had access to drill nineteen wells, what had to happen? They had to lease the land. All of that took time, several landman companies coming together and they give bonus money to people. At least to say $1,000 an acre and usually 20% to 22% royalty rights.Do what the ultra-wealthy are doing. Click To Tweet
This company that I work for, we do the same exact thing except we seek your money. People who are reading, if you want to become a “lender,” I would say investor but you’re actually lending this company your money and they’re going to pay you a decent rate of return and you’re going to decide how much you want to lend it for. Do you want to lock your money for one, two or three years? If you want monthly income, I’ll show you another example where you can put money in and receive monthly income like this and not touch the principal. For instance, you could put in $100,000 and for one year that’s going to pay you $8,000. That’s 8% interest on that and they’re going to pay it monthly. You lock it up for two years. They’re going to pay you $17,000, that’s 8.5%. For three years $27,000. That’s 9% over the course of three years and $9,000 a month. If you have IRA money, 401(k) money or SEP money, you can compound it. The compounding interest is when you’re at 8.3%, two years 9.23%, three years 10.28%. You’re going to lock your money up for three years and you will receive your principal and your basis back at the end of three years. $100,000 for three years, that is $30,860. I know that’s not a home run. I think it’s a solid rate of return. Can the market do that? The market could do more than that, but the market could lose money.
I just like knowing exactly what I’m going to get back in return. This is secured by a pari passu security interest. This company perfected via UCC financing statement in favor of each lender. Perfected liens are created when the lender files a UCC financing statement with the appropriate authority. Most commonly, it’s the office of the Secretary of State. This statement specifies that the collateral used to secure the loan and gives the lender precedents in the collection process of the borrower defaults. The project loan will be secured by liens against real and personal property of the sponsor. Basically, you have three options, one, two and three years. There’s simple interest and compound interest for each. Simple interests are at 8%, 8.5% and 9%. The compounding interest is 8.3%, 9.23%, 10.28%. It’s not a home run, but a solid rate of return. It’s a boring place to put your money. Can you stomach a 9% rate of return per year? It’s nothing to look at.
Obviously, if you go with the simple interest choice, you’re going to receive a monthly income but the compounding interest, you just sit there. There’s nothing to look at the market. This is not like the market where you can look at the market and get mad because it went down or get happy because it went up. You can’t do that. It’s boring. I refer to it as not being sexy, but it’s a great place for a portion of your money if you’re into that, if you’re looking for alternative ways for your money to make money or if you don’t want a portion of your money running through Wall Street. If you go to your regular financial guide, what they’re going to offer you is some mutual funds that have some energy, heavy mutual funds or some master limited partnerships, which by the way, I do like. You could go to TD Ameritrade and go buy direct stocks if you want to.
All of those don’t have tax advantages. You’re putting your cash directly in all our projects and tax benefits. At the same time, you can receive a consistent monthly income when you become a lender what we used to call the Land Bank. We don’t call that anymore. You put your money in and the company uses it to go lease the land before they drilled the wells. We’re doing the same exact thing that the big guys are doing just on a much smaller scale. I’ve been with this company for about eight years and we had grown so much since we first started. I’ve even seen the technology in oil and gas get better since I’ve been in oil and gas in eight years. It’s all about getting educated, learning what else is out there. You make your own decision on what you want to do with your money.
You make your own decision where you can receive monthly income or you make your own decision and put your money in a self-directed IRA and receiving some nice compounding interest that actually has a decent rate of return that you can talk about. Interest rates are up a little bit in the CDs. I don’t like my money for over five years for 2.6%. I wouldn’t do that. If you’re going to argue me about the FDIC insurance, I’ll pick a debate any day. The FDIC is another conversation for another day for sure. If I were writing a thesis back in college, I would write it probably on the fake FDIC insurance. Everything comes with a risk and you have to see if this is a risk you can stomach and tolerate for a portion of your hard-earned money, what I call your stored labor. All the money you have worked so hard to store, you need it earning a decent rate of return. If you have plans to retire and live off that money one day, you need it earning and getting some interest. This is a great place for a portion of that of course. It’s not a great place to go sell the form and put everything in as nothing is. This gives a great alternative way to invest, put your money. You become a lender in oil and gas and you’re not tied to the corruption in Wall Street.
I try to be very aware of my surroundings all the time. I’m trying to teach my kids that when I walk out of a store, I pretend there’s somebody behind my truck waiting to rob me, so I’m prepared in case there ever is. Keep your head on a swivel. You’ve got to be very aware to realize how awesome our country is. I had to go to Liberty, Mississippi, Centreville, Mississippi and Woodville, Mississippi to take care of some business. I left my house, went up there, saw some friends, checked on some things and came back to Baton Rouge. Thompson Creek is high. I went to Liberty through Clinton but I came back down from Woodville. I came south on 61. Thompson Creek’s I think is the highest I’ve ever seen it. Of course, the Mississippi River is high, everything is high. We live in a country where we just go where we want to go. We go eat where we want to eat. Turn the TV on and you see these other countries are going through and it’s a blessing to live in this country.
As I get older, I don’t know if I’m getting wiser or not but hopefully I am. The Lord has put his hand on this country to prosper as we have. I’m supposed to be getting more patient as I get older. At the ripe old age of 42, I find that my patience is decreasing. I’m becoming intolerant of stupidity and I’m a little bit more vocal about it. Not so much on the radio but with friends. I’ve been labeled as an intense person. There are certain things I believe and I just stick by them. The fact that there’s all these abortion stuff going. That’s what I referred to as dark people. I think when I see injustice for someone who can’t speak up for themselves, I want to step in. It’s not even an argument to me. It doesn’t even make sense that people can believe in aborting a baby the day before it’s due. What about the life of the little girl or little boy?
Car Insurance Doubles
It’s hard for me even to talk about it. Stuff like that, here in Baton Rouge, we had some things going on. There’s a big debate about car insurance. Let me tell you something about car insurance in Louisiana. This is a fact. I promise you this. The vehicle insurance in Louisiana is double the price of Mississippi. I don’t know the reason why, but I used to have cars and trucks in Mississippi and when I put them in Louisiana, they went up double the price. I don’t know if we have some major tort laws here that they need to be reformed. I know Louisiana is bigger than Mississippi, both rural states. I don’t know why, but in Louisiana, vehicle insurance is double. Probably for some people it might be more than double.It's all about getting educated and learning what else is out there. Click To Tweet
I have a good driving record and all that, so it doesn’t make sense to me. I don’t know if it’s because there are 49 miles of consecutive billboards of trial lawyers advertising. Mississippi has that too. You hit Biloxi down there, go for it. There are a lot of trial lawyers advertising on the interstates as well. There are TV commercials there. I don’t know what the answer is, but somehow, I wish the Louisiana legislature would take a look at what Mississippi does. There has to be a reason why that is. Putting all that aside, it’s still an awesome country that we live in. The fact that I’m on the radio talking about that is a blessing. I encourage you to be aware that we have our military. Our soldiers are brave men and women serving this country. They are overseas. We have young men and women in boot camp training to be soldiers. I’m so thankful for all our military. I’m so thankful for all the men and women that have died in combat. Even the ones that didn’t die that were fortunate to live and retire 30, 35, 40 years and worked twenty years. I’m thankful for all of our military.
Retirement Plans And Wealth Distribution
I was watching the market a lot. It was a textbook definition of volatility. All the prices went down. They went back up. They’re hovering around $59 a barrel and they were $63 at the beginning. It’s crazy how it went down so much. Can you explain why? Why does the stock go down 10% in two days because of something going on in another country? It’s volatility. I don’t want to deal with that. I like the idea of uninterrupted compounding interests. I like the idea of alternative investments where I can find places, find people I trust that are very smart with money. You think of your working years as climbing a mountain. You’re working, you’re what we call in the accumulation phase. When a person climbs a mountain, the goal is to do what? Let’s say, Mount Everest. The goal is to get to the top, stick a flag in. You’ve conquered your goal and to get back down to show everyone pictures and proof that you did it. Let’s correlate that to working. It’s going to take you 30, 35, 40 years, however long to retire. You’re climbing the mountain all those years. When you hit retirement, you have stuck the flag on top of the mountain. Now what? You have to come down the mountain again.
If going up the mountain is accumulation, coming down the mountain is distribution. Have you ever had a conversation about the distribution side of your wealth? Your taxes play a vital role in that and I don’t believe the conversation is going on enough with people about taxes and the role that it’s going to play in retirement. A lot of it is because there are some unknowns there. We have some facts, for sure. We know tax brackets and tax rates are going to stay still until 2025. In the future, we don’t quite know. If you look at the history of the tax code, we are in some of the lowest tax brackets our country has ever had. It could be a good chance to pay the tax on that IRA money. Pay tax as much as you can on it.
I believe taxes are going to be much higher down the road. The government’s going to keep means tests as they are going to keep squeezing people like me on Social Security. If any of this rings a bell with you and you want to have some more conversation, call me 202-SAGE. It’s 202-7243. The website is SageMoneyRadio.com. You can send me an email from there. There are ways to avoid paying taxes on Social Security. The way the government has screwed us with Social Security, it’s double taxation in retirement in Social Security because you’ve already paid the tax on that money going in and the government’s going to penalize you for having money in a 401(k), a SEP, any kind of qualified plan. Your 401(k), SEP and your IRA is a government-sponsored program. You are in partnership with the federal government.
“Hollis, what do you mean?” They’re going to set the rate at what you pay those taxes in retirement. All the money you’re putting in retirement, a 401(k) or we call it a qualified plan, traditional IRA, SEP, Simple IRA, all that stuff is a qualified plan. You’re postponing the tax and the government’s going to tell you where the tax rate is going to be when you’re ready to pull it out. If you were over 59 and a half, you don’t have to pay the 10% penalty. They’re accessing your money, which I think is absolutely ridiculous. I’m trying to stay on top of here, but why in the world would I want to put my money somewhere where God forbid if I needed it, I would get a 10% penalty to access it? There are better places to put your money.
The governor’s going to tell you when you’re ready to take your money out, what the rate’s going to be. If you’re 40 or 55, we have no idea. We do not know what the tax rates are going to be ten years from now. As my dad would say, we have some stone idiots in Washington DC. There are some people that I can’t even listen to on TV. I don’t watch a lot on TV. Usually at my house, I’m watching the weather channel or sports. If I’m awake, which is very seldom at 10:00, I will watch some local news, but I’ll flip it on national news to see what’s going on. There is probably a better word to describe them, but I can’t say it. Some of these people like Joe Biden, he’s a moron. He’s talking about how American needs a new direction. He’s been in DC for almost 50 years. You’ve had your chance. The Republicans have as many idiots in there too. It’s not just the far left radical organic, lunatic, socialists. There are some idiot Republicans too that I wonder how they tie their shoes on in the morning and go out the door. It’s like people get elected and then they lead the common sense and the hometown before they go to DC.
We don’t know what tax brackets are going to be in the future. If someone has given you financial advice and they were telling you that you will be in a lower tax bracket when you retire, run far away as fast as you can. You should ask them if they will sign and date that and put that on their letterhead because they can’t guarantee that. I’m here telling you my belief is that taxes will be higher, but I’m not guaranteeing it. I have done research and studying and putting all this stuff together in a book. Our country can’t keep going down the road that is going down. It can’t happen. You can go look at the Social Security website. Social Security is busted, 2035 is done. Unless some things change, we have sixteen years to change Social Security or it’s done.
If I was given a choice, “Hollis, would you walk away from Social Security?” I will walk away knowing that I’d have to make any more contributions and I would just take my loss. I think they’re going to keep squeezing it down, means testing it. “Hollis, what do you mean by means testing?” If you are married and filing jointly your taxes, if your income is $44,000 or more, when you start drawing Social Security, 85% of your Social Security will be taxed at whatever tax bracket you’re in. When you sit down with that and you start looking and if you’re married and filing jointly, $44,000 or more of what the government labels provisional income, all of it means is income other than Social Security. It’s half of your Social Security of income between $32,000 and $43,999.There are other ways for your money to make money besides what Wall Street wants you to know about. Click To Tweet
The government dangles the 401(k). The government encourages people to put money in the IRA, 401(k), yet they penalize you in retirement if you take the money out of the IRA and 401(k). You get to pay double tax on your Social Security. The government has looked us dead in the eye shaking our hand. Imagine bad Uncle Sam in his patriotic suit with his little hat on and he is standing face to face. He has his right hand out. I have my right hand out and we’re shaking hands and he has given me the middle finger in my face with his left hand because that is basically double taxation. They don’t say double taxation, they call it provisional income.
Why would you put money in a 401(k), IRA for all those years and get penalized for taking it out on your Social Security? It boggles my mind. The fact that this passed Congress is baffling to me how we didn’t go march in the streets and allow this and go toe-to-toe with the people who passed this. Something has to happen because people like me, I’m not sure I’ll ever see Social Security but this is the deal. We have too many people that are receiving benefits they never put in. The whole point of Social Security is to put your money in and to get it out later. You would think that it would make money. It’s like a pension, but if you check out early like both of my parents did at 54 and 64, they never received a penny from Social Security, not a single dime.
You would think people like my parent’s money that would be basically bailing out the people who live longer. People who may put money in and lived to be 100, 300 and 400. It’s a bad setup. When I can show someone how to avoid paying taxes in Social Security, I’d love it. I just don’t like people telling me what I have to do with my money. I don’t want to put my money in a vehicle like the government says, “Hollis, you can’t touch this until you’re 59 and a half. If you do, we’re going to pop you with a 10% penalty. You had to take it out when you’re 70 and a half.” When you look at a 401(k), it’s only good for eleven years: 59 and a half and 70 and a half. It’s when you can do what you want with your own money. It’s your money.
Imagine if you have $1 million on a 401(k) or IRA qualified plan. You’re paying probably a 1% fee. Some people have much more than 2%. I’ve even seen over 2% but it could be 0.5% or 1%, but let’s say average 1%. You’re paying a fee for all of that money to be managed. Possibly a third or fourth of that money is not yours. “Hollis, what do you mean? It’s all mine. It’s on my name.” No, Uncle Sam has his hand out whenever you pull that money out. This is an extreme example because if you put it all out in one year $1 million, obviously that’s going to put you in the highest tax bracket. Let’s just say you pull money out every year, you’re at 25% tax bracket.
What I’m trying to get you to picture is that you’re paying a fee on your guy on money that you will never receive. You’re paying the fee that’s going to go to the government. Why are you doing that? That’s the way the system is set up. There’s a better way than 401(k). If you have money in the IRA, I can show you some things. We have a project going on in Northstar Townhomes in Tahoe, California. We are financing. We are raising money for the first ten units phase of a 22-unit townhome development. I’ve actually gone twice to Truckee, California and it’s a great place. I have walked on the ground where this property is and it’s a great place to earn a decent rate of return.
In this real estate deal, you have a three, four and five-year option. You’re locking your money up for 36, 48 or 60 months. If you want monthly income, it’s 6.75% per year for three years and you start receiving income for 36 months. Lock it up for four years at 7.25%. Lock it up for five years, it’s 7.75%. The compounding yield on those three years is 7.45%, four years is 8.38% and five years is 9.42%. I know that’s not a home run, but it is a solid place. It is a solid rate of return for a portion of whatever you decide. Put your money in and you exactly know where it’s going into.
There are other ways for your money to make money besides what Wall Street wants you to know about. I know this is not a REIT for some of you folks, Real Estate Investment Trust. This is putting money directly in a project that’s going to make money. I actually have a client or two who has gone out and skied at Northstar. I took my family there in December of 2015 and we had a phenomenal trip. That was the first time my family ever went snow skiing. In fact, we caught some record-breaking snowfall while we were there. It was in Truckee, California, Tahoe. I went back to Tahoe in September for a business meeting and it was cool because before the meeting one day, I got the shuttle to bring me to Lake Tahoe. I just walked down the closest place where I could go rent a paddle board. I rented a paddle board and walked out there and asked the guy to show me how to do it. I paddle boarded for an hour, even though I thought it was like three hours. I was like, “Are you sure? I think I’ve been out here for two hours.” He was like, “No, you’ve been here for 50 minutes.” My quads were shaking because I was so tired and sweating profusely. It motivated me to get back here in Baton Rouge and get in shape a little bit.
Look for alternative ways for your money to make money. I like the boring of this because I know it’s making money. This is not a place where you put money in and you look at an account value daily. If you do have old 401(k)s or several 401(k)s, you can consolidate those into a self-directed IRA. There are no penalties or taxes to transfer qualified money to another qualified account. You could take some of your traditional IRA money. It depends if you’re still working, if they allow for all that stuff. It depends. Every workplace is different, if you’re of a certain age and how long you’ve been there. There’s no penalty or taxes to transfer from one place to another. The custodian we use, they charge $250 a year to have an account there. It doesn’t matter if you put in $50,000 or $1 million. They’re going to charge you $250 a year to have the account there. That’s for a self-directed IRA to invest in real estate.
We went to another place in Atlanta, Georgia called Kerry Park. It had 210 single-family residence parcels in Atlanta, Georgia. We have some office space in Irving, Texas. There are so many places for you to get educated on what you can do with your money. I encourage you to optimize the Internal Revenue Code. Optimize the tax benefits, learn what ultra-wealthy are doing and just scale it down to your income. That’s what I have done. When someone calls, I basically make the introduction to the company and you take it from there. I’m doing the same thing. It’s what I call eating your home cooking and this takes the volatility away. I truly hope that your day is fantastic. God bless you. God bless the USA.