This boy and girl are going to be well

equipped when the time comes to take

their places as worthy members of adult

society.

Hello y'all. This is Daniel Eisman, the

host of the Breaking Normal podcast,

where my guests are all invited based on

the frequency of synchronicity. All done

in person and all trailblazers and the

breaking of all things normal.

>> All right, here we are. I am back in

Boulder. This was a I was in San Diego

for a while, longer than I had thought I

was going to be. And I was uh been

connected to the guy sitting across from

me for a few weeks to months now.

>> Yeah.

>> Stuart Ward. Welcome to Breaking Normal.

>> Thanks.

>> I hear this is the first podcast you've

done.

>> I have not done other podcasts before.

Well, that's pretty interesting to me

because everyone that told me about you,

they make it sound like you have a very

breaking normal story and that you know

everyone.

>> Uh, well, that's great. I, you know,

I've I've had the chance to check out a

few snippets of your interviews and

stuff and it seemed like uh we can have

a good conversation certainly. So, I'm

looking forward to that.

>> And is is one of the ways most people

know you in town because you're the chef

at the Highland City Club? Is that my

understanding? Is that correct?

>> No. No. I um No. I'm a full-time 100%

realtor uh folks focused on residential

real estate here in town.

>> I must be mixing up the um the who

Yoville connected me with.

>> So, you're the realtor. So, we we had

this conversation going a long time ago.

>> That's correct.

>> Oh, wow. That is all right. This is

definitely breaking normal. No, this is

great. We'll navigate through this. Um,

one thing I'm interested in, so now that

I know you're into realy, I just came

back from one of the most expensive

roads on earth. Uh, Neptune Avenue in

Instin, California. Are you familiar?

>> I'm not personally, but

>> it's where like Shawn White lives next

to Tony Hawk, which was next to where

Pamahansa Yogaandanda brought his

spiritual center next to Charlie

Chaplain's old house. Wow.

>> It's like a threemile magical charming

part of California.

>> That's amazing.

>> Um, and but you mentioned you were born

in Miami or you're from Miami,

>> correct? born and from?

>> Uh, yes. Yep, pretty much. I I don't I

mean I I don't go back to Miami that

much anymore. My family kind of moved

north with the rest of the gringoes in

the 80s, but uh but I still love the

love the area. Yeah, I was born there

and um my dad's dad, who was a kid

during the Holocaust, survived,

came to the United States and started a

bunch of businesses in Miami Beach.

>> Okay. Okay. I'm almost wondering. Did

you Did you ever remember the Desert End

Motel?

>> I haven't been, but was it one of those

cool like art deco ones or something?

>> Yeah, it was kind of near the Fountain

Blue, I think.

>> Oh, so further north. Yeah.

>> Yeah. It was like more in North Miami

Beach.

>> Sure.

>> And then my dad and his brother had a

couplearmacies.

>> Okay.

>> And allegedly, um, a lot of people I'm

not even sure what I'm allowed to say,

but allegedly it was like almost like a

party pharmacy.

>> Okay.

>> Cuz being in Miami Beach,

>> my kind of pharmacy, that sounds like

fun.

All right. So, your main gig here in in

Boulder is realy.

>> Yes, I am a fully functioning uh Yeah,

I'm a full-time realtor. Absolutely.

>> Well, here's a question for you right

off the bat.

>> In Incenus,

>> yeah,

>> Tony Hawk's house, I believe, is being

used by a company called Outsite.

>> Okay.

>> Are you familiar with this? Because I

think they have a couple properties in

Boulder as well. They're a co-working,

co-living space where they like somehow

get leases. I don't know if they're

buying the house or leasing the house

>> and they get uh they're like

multi-million dollar homes in like the

best parts of the best towns in the

world.

>> Okay.

>> And then they allow people to rent a

night there and it's catered towards

digital nomads. Like you'll you'll most

likely be staying with probably

investors or marketers or what like what

Yavell is doing here, people that are um

experts in selling products. Got it.

>> So it's like how a lot of entrepreneurs

without a home live.

>> Interesting. And I don't know how

they're doing that in Boulder with the

rules because like most big homes I look

at are for for single residents only for

single single family residents only

>> pretty much. I mean unless they're

flying under the radar somehow. Uh the

the local regulations are pretty strict

around that kind of thing.

>> Huh. Yeah. Is there a way around it? Is

there a way if like you start a church

or if you start a

>> is like anyone that cracked that nut. So

it's kind of interesting. It's so the

the way that a lot of the local

regulations get enforced is by the

neighbors. So let's say you're on

Mapleton Hill. It's a great street. It's

maybe one of our most famous or the one

down from it, Highland Avenue. Um, if

you were to convert your

historic beautiful house into

a a place where people stayed overnight,

I'm not sure if that's, you know, I

don't know. Or even operating a business

of any kind.

>> So, I can go on the website and outsite

and look at all the homes they have and

they I think they have some in Boulder

and they usually offer weekly rentals.

>> Okay. So, I mean that that would be

possible if someone was doing a weekly

rental and had a I mean you would have

to have a short-term rental license in

order to do that. It would have to be

uh it would have had to be taken out by

the owner of the home and then the owner

of the home would only be able to do

that for 6 months a year and then the

other half of those the other half of

the year they would have to actually

live in the house personally.

>> As in they can only max do it six months

a year.

>> Correct. And then I mean there are other

tricky rooms there are other tricky

aspects of that. Yes, exactly. Like

recently some regulations changed where

you know you could have maybe a few more

unrelated people sleeping in a house at

the same time. It used there used to be

very strict regulations around that

being I think it was no more than five

unrelateds.

Uh, but those were for longerterm leases

and there's a lot of flux right now

because of Sundance and they're trying

to figure out how to skin that cat for

everybody.

>> When is Sundance coming to Boulder?

>> I believe it's the end of January 2027.

>> Okay.

>> All right.

>> Wow, man. I have so many questions. Um,

how long have you been doing realy here

in Boulder?

>> Uh, I started in 2010, so yeah, just

about 15 years.

>> Okay. So, I moved here and I was going

through a pretty long drawn out divorce

and I considered getting a realtor

license for the state of Colorado

>> and my attorney advised me not to

because that they could potentially

project my financials on an average

income of a realtor in Colorado,

>> which may have been close to a million

dollars a year. Is that

>> uh

>> I don't know if that's because you start

counting realtors are like selling homes

in Aspen and Tellyide or what,

>> but it was like high it was too high of

a salary origally like like you don't

want to do that. Um

>> that's interesting.

>> How do realtors do in Colorado? Is this

a good endeavor for and for who? I mean,

you know, so the thing about real estate

is that there are three million real

estate licenses active, meaning selling

more than one property a year in the

United States. Just in Boulder County,

we have 5,500

approximately.

Uh, and of those 5,500,

really only about 20%. It's kind of

fibon, you know, it's kind of uh like

about 20% are doing 80% of the business.

>> The paro principle.

>> Yeah, there you go. Po principle. I

wanted to say Fibonacci for some reason.

>> There's probably some Fibonacci in

there, too,

>> but it is uh sort of the 8020 rule.

Yeah. Um, so there are definitely

realtors in in many parts of Colorado

that do quite well,

>> but you know, the average realtor in

Colorado is going to make about the

average salary in Colorado, which is

about 95,000 bucks or something like

that. Maybe I was mistaken numbers. I've

also heard a stat about

>> Colorado. Are there like more uh

millionaires per capita in Colorado than

any other state?

>> I wouldn't say so. I mean, it's possible

>> per capita.

>> I thought millionaires per capita was

bigger in places like Georgetown, you

know, Washington DC, stuff like that,

but I I don't know for sure.

>> Um, I wouldn't say that if you can if

you include all of Colorado that that

would probably be true either. Just, you

know, our average salary once again is

hovering right around a 100red or

something per household. So, I don't

Yeah, I don't I don't believe it would

be anything too spectacular.

>> Okay. Yeah.

>> Um,

>> yeah.

>> So, how are you doing in real estate?

>> I'm doing great. You know, I I I can't

complain. I I love the work and I've

been able to build a good, reliable,

pretty steady business. I mean, there's

a lot of hustle involved, but um I I

enjoy that part, too. I'm a doer and um

it's a great way to add value in

people's lives. I I enjoy that a lot.

That's that's the main part of it. And

it does also has it's it's it's been a

good living for me. Absolutely.

>> Are you doing better than the average?

>> Yes.

>> Okay. And then are do you live here with

a family?

>> No, I uh my I I have a girlfriend and a

dog, but uh No, no kids.

>> What kind of dog?

>> It's a little American spananiel, Roxy.

She's awesome. Yeah. Yeah.

>> All right. So now I am I I know a lot of

people like myself that are intrigued by

the idea of getting a real estate

license.

>> And I'll tell you even though I know why

I have friends that are like wanting to

move to Boulder and they are looking at

they would like to maybe get a house is

$2 to $3 million. Yeah.

>> And I'm like why why can't I get a

percent like I want to get a percentage

of that deal especially if I'm because a

few of these friends I'm trying to

advise them where to live.

>> Yeah.

>> I typically advise people live next to

Evan Gine Park.

>> Are you like trying to seduce me right

now? Um, maybe maybe I am and I don't

know it like meaning would I be like

trying to get into like work with you?

>> I know I do. I I don't know how serious

they are like when it comes to having

the license and making the deal. I'm

like that might be a whole another ball

game, but it seems like I would want

that in my back pocket. So, if you

wanted to do that and you you it looked

like you had a bunch of um folks who

were coming in, uh you know, the way

that that would typically work that I

would recommend for you is you get a

license, you maintain it, and then you

get a a referral fee for doing the work.

You wouldn't want to do the work

yourself because in order to become like

a halfdecent realtor in our area, I

mean, generally, you're not really you

don't really have any idea what you're

doing for the first 5 years. So

>> okay

>> it's it's sort of

>> it would be something where that would I

mean you know standard referral

percentage among you know in the

industry is around 20 25%.

So you would get 25% of the commission

that somebody like me would earn by

introducing me to your people and then

them actually closing on a deal.

Obviously, real estate is commission

based only and you only get paid when

you're closed. So, that would all be

contingent on the deal actually coming

to fruition and closing, of course, at

some point. So,

>> now I need a real estate license to

refer you.

>> Really? Is there a loophole for that

one?

>> Not really. Uh, yeah, they they make it

they make it kind of difficult for you

to do that. Yeah, you you need to have a

real estate license in order for anyone

who has a broker's license to be able to

pay you.

>> Oh, so I can't legally say for instance

be on your marketing team and you pay me

commission based on the people that I

send you to buy. Is that not possible?

>> No. I mean it, you know, there might be

people who have their own agencies who

would be willing to break the rules or

whatever.

I am not that guy. I'm, you know, I'm a

pretty uh I'm in the, you know, the

biggest brokerage in town and I'm, you

know, one of the people there. So there

there's yeah I wouldn't have that kind

of flexibility and I'm not sure that

anyone would like to take that risk who

wasn't willing to lose their license. So

>> Okay, gotcha.

>> I don't know.

>> And how tough is to get a license? How

possible? What's the easiest way?

>> Oh yeah, it's easy. If you've got a

pulse, you can get a real estate license

pretty much.

>> Okay.

>> Yeah.

>> And is there do you recommend a certain

path for someone if they're like I just

want to get this like for me if I just

want to get this in my back pocket so I

could refer someone. It takes the

average person, I would say, about two

months of intense study to pass the

test.

>> Okay.

>> Yeah.

>> All right.

>> Pretty intense study. So, when I say

intense study, I'm talking like four

hours a day for a couple months.

>> I took the MCATs once. That was a lot of

intense.

>> Congrats. Yeah. That would be a lot

harder than getting

>> Yeah, I was probably about six to eight

hours a day for months.

>> Couple of years.

>> Yeah. Exactly.

>> Yeah. I see.

>> So, yeah.

>> All right. All right.

>> Yeah.

>> Um

>> happy to steer you in the right

direction if you wanted to, you know, be

able to pass those tests. And

>> so I have a feeling I'm not the only one

in these shoes. So if you have any

advice about that or guidance,

>> I mean, I I always I I do I liked Kaplan

because they have the best testing

system. So I So I just did a bunch of

practice tests and I focused on the

things that I got wrong and then learned

those things. And so I was able to do it

in about five weeks, but that's just

because I was I didn't have a full-time

job at the time. So really smart.

>> I just did that. I did it full-time. I I

did it eight hours a day pretty much

every day for a month. So So that was my

my thing.

>> That's good to know. Um here's another

question for you. I might bounce around

the place, but is it true that new

Colorado homes can't be built with wood

burning fireplaces?

Uh, I've heard in Boulder that there's a

recent restriction. Again, I haven't

seen the statute myself, but

>> what I've read seems to indicate that if

you're doing a new build, like if

you're, you know, you have a piece of uh

of land that doesn't have hasn't had a

previous home on it that Yeah. they're

not they're not allowing new uh new gas

lines to the property. Okay.

>> I have heard that.

>> Yeah. Yeah, I had a friend I don't know

if it probably like fit the Rapjo. I

think they what they did they said they

somehow kept the old fireplace and built

around it. That was their way the way

they did it.

>> Mhm. Yeah. Sure. Absolutely. Yeah.

>> I feel like I I feel like I could sell

if the home has a like nice moldfree

hardwood,

big nice natural lighting and wind uh

air situation and gas burning stoves and

a wood burning fireplace. I'm I could be

a good salesman for that home.

>> Oh, yeah. Sure. Of course. That's that's

a that's a beautiful way to go. I mean,

I wouldn't if you're just doing a

remodel, once again, I think a lot of

this is like applying for a new tap up

to any property, right? So, there's

water there's water, sewer, and gas

basically, electric, obviously, but you

know, we cover that in the air. So, when

you're when you're building a new home

on a piece of previously unimproved

land, you have to apply and pay for all

of those applica. You have to, you know,

apply and pay for all of those taps. And

so, what I imagine is they're not

allowing new taps.

>> Okay.

>> Yeah, that that would be my guess.

>> That's a big another question for me. I

live at the like near the foot of the

Mountain Motel.

>> Yeah. And do you know if that place is

on city water or wellwater?

>> Uh my guess would be foot of the

mountain would would because because the

place is right next door you have those

office buildings and stuff. So it's got

to still be on sewer.

>> But did you know the complex across the

street at the base of People's Park.

>> Mhm.

>> And it's like eight apartments there.

>> Mhm.

>> That's on Wellwater allegedly.

>> Mhm. You're talking about the one that

the new development.

>> It's a brick building. It's an old one.

Oh,

>> and it's like right at uh what are they

the park they're called with the red

rocks? Is it People's Crossing?

>> Red Rock. Yeah, sure. Red Rocks Park

complex in the backyard.

>> Oh, you're talking about that one that's

up the hill behind the yellow house.

Right behind the yellow house. Yeah,

>> that's on well water,

>> right? That doesn't surprise me because

that would be right on the edge of or or

above what's called the blue line.

>> Okay.

>> Yeah. So the blue line is this

artificial line that was created above

which no city services shall be provided

sort of back in the day. Okay,

>> they drew that that line. Um

there have been uh modifications to that

line. They've they've moved it up in

some areas. So if you were building that

place now, you very well may be able to

get city services. I'm pretty sure the

blue line has moved above that spot at

this point, but if you are already on

septic, you know, you you probably

wouldn't spend the money to convert the

entire building and stuff like that.

>> No, I prefer I prefer the non city

water. That's why I'm I'm curious in

those type of situations.

>> Do you know other places in Boulder that

are like that? They're like really close

to town that don't have city water

coming to them. I mean, again,

foothills, you know, you can be up just

a mile from Broadway, a mile and a half

from Broadway and not have, you know,

and have uh have sewer for sure.

>> Yeah, because I think they put fluoride

and chlorine in our water.

>> There is there is definitely uh fluoride

added to our water. Yeah.

>> And chlorine, I believe. I'm not

>> Could be. Yeah,

>> I'm sure. I haven't studied it, but no,

absolutely. There's

>> Yeah, there's there's definitely

additives in there. Pretty standard

ones, really. Do you or do you find most

your clients want that or they don't

care about it or they prefer Well, or

>> It doesn't come up that much.

>> It doesn't. Okay. Interesting.

>> Yeah. I mean,

yeah. I mean, depending on who it is

though, anything can come up. I mean,

it's Boulder.

>> Yeah. Yeah.

>> You know, and uh Yeah. I mean, even with

the wells that are up in the foothills,

you have issues with those, too. I mean,

colifform bacteria and whatever. I mean,

you have to be really careful. Uh, most

wells that get put in these days, they

they have like a an infrared, you know,

they have to pass through an infrared

filter to make sure that all the the

bugs get zapped and that kind of

>> interesting. Yeah. Because I I hear the

wells in Colorado are a bit different

than like say for instance the wells in

Georgia. A lot of my family's homes are

in wells

>> and that seems like another preference

personally for me.

>> Sure.

>> So, all right. All right. So, back to

the real estate license in Boulder. What

do you think the best way if someone

like two different questions if someone

wants to maybe strike gold and just kind

of passively stand by and have a real

estate license in their back pocket

versus someone that wants to make a

career out of this?

>> Is there How do you think people make

them be are the most successful at doing

that here in Boulder?

>> That's interesting. you know, I don't it

must not be that popular because

otherwise I would know some people who

are doing that.

>> Okay. Um, I mean, I've been excl pretty

exclusively focused on real estate and

I've been living here for quite a while

and uh, it has come up over a couple of

times over time where, you know,

somebody is referring me business and

they'd like to, you know, make some

money on that or something and, uh, you

know, it's generally just a couple of

nice dinners out or something like that

type of thing. So, but to actually have

a check cut

>> and to uh you know to be able to have

that be a percentage and have it

documented, you would be able to declare

it on your taxes, that kind of thing.

>> Um yeah, I don't I don't know what the

path for that is to be honest. I I'm not

aware of it.

>> We'll figure that out for the breaking

normal viewers.

>> I can definitely find for you probably.

>> Yeah, I'll I'll if you have any

insights, I'll be standing by.

>> Yeah, sure. I I can I can probably find

out for you. And then what about someone

that's like, I'm going to become a very

successful realtor in Boulder. How did

what's what's the path? Uh, you know, I

I think that the path of least

resistance for most people is to get

your license. Um, find a team that um

that is doing a ton of business and that

needs help in marketing or something

like that. You know, it kind of depends.

Are you fresh out of college or what are

you doing? you know, you you would be

able to leverage some of your experience

or your talents in marketing or in

coordination or with people or something

to decide what role within that team you

might want or or need. You learn

therefore on the ground with somebody

who is a who is like who has a

successful real estate business here in

town how to do it. And then you would

have to decide at that point which would

take you probably a year or two to

figure out how it's done and you know

how you could do it and how you would

want to do it whether or not you were

actually

you know whether you know willing to do

what's necessary to build that business

right so

>> uh in Boulder I I was fortunate to come

into the real estate world here um

having had some experience as an

investor in real estate as well as

having had a license in Florida and

occasionally, you know, I had a I had a

license for a short time in uh Oregon,

just flipping my own projects and stuff.

Um, so I had some savings, so I didn't

really need to make a ton of money

immediately.

Um, and so so I was willing to do what

it took. And I and I I worked a lot

those first five years or so um just to

build up just to build up my uh my

experience and um meeting people and

stuff. I mean it's it's Boulder is one

of the most competitive markets in the

country. Uh we do have a lot of folks

here who um maybe be very well networked

and they get a real estate license and

they do all the work and stuff like that

and then they just know that because

they have a really big network that

there's going to be a couple of people

in their network who would probably use

them who are their best friends or

something like that.

>> That's a that's a great way to go. So if

you have like a if you have an

established network, you know, people

who who who become successful real

estates relatively quickly in town, a

lot of them come from businesses where

let's say you were a furniture guy and

you had a furniture floor and you knew a

ton of people who were already kind of

in the business tangentially and you you

know they all trusted you and you had

like a great

>> like a great network already. Mhm.

>> That would be a great that would be a

great way to start and move over, I

would say.

>> You know, some do I I kind of did it the

hard way. I showed up. I didn't I didn't

know anybody. I went to college here and

then I was gone and stuff like that. So,

I I really had to build a business from

scratch. Uh, you know, and and and

do some things that most people probably

aren't willing to do like call, you

know, make cold calls and stuff like

that. So, that was kind of how I did it.

>> How do you cold call someone for real

estate? like meaning that they you knew

they might be in the market for a home

or

>> uh it's at you know when you there's

this there's the uh calling expireds

it's called so people will list their

homes and they won't sell.

>> Okay.

>> And then they're looking for a new

realtor.

>> Yep.

>> And so there's ways that that data is

mined and you can pay for that data.

>> Okay.

>> And so and then you can just cold call

those people and have a good pitch and

you know go in and try and grab that

business. Yeah, that sounds tougher.

I've had people call me like, Daniel

Eisman, is this your property? I'm like,

>> no, that's not mine. And I'm like, is

this like some sort of weird way of

trying to become my realtor? I'm like,

what is this?

>> Yeah, that's another good way of doing

it. I mean, if if you're a smile and

dialer, you know, like that's a and and

that that that that doesn't bother you

or that's something that you're willing

to spend time doing as I was in the

beginning, uh, then that's something you

can you can absolutely do and build a

business 100%. So,

>> why were you willing to why do you think

you were more willing to do that?

>> I didn't have a choice. I kind of, you

know, I knew that I I could see what I

wanted to be or where where I wanted my

business to be eventually or the kind of

business that I wanted. Uh, you know,

I'd had a career in technology

um and a couple of other things. And so

I had a little savings. And so I just

realized that the quickest road to that

was going to be um was going to be yeah,

not only like meeting as many people as

possible, but also just reaching out to

people who already need a realtor. And

then, you know, I was a little older. I

mean, I only started in this like, you

know, 13 years ago. So, you know, I had

a little I could speak professionally to

professional people and stuff like that

just having been in corporate and so on.

So, I I thought I might have a better

shot than most people at it.

>> And you mentioned something else I'm

interested in because both of my

brothers at one point had real estate

license in Georgia.

>> Mhm.

>> And I think my uh youngest brother, he

has it because what you were doing in

Oregon. What were you doing in Oregon?

You said

>> I was flipping properties. And you were

so you were the realtor instead of going

with

>> Well, it No, it was my they were they

were my projects and I was just too

cheap to pay a realtor.

>> I think that's what my brother was

doing.

>> Oh, okay. Cool.

>> Yeah. Yeah.

>> Yeah. He doesn't want to pay a realtor,

so he got a license for the properties

that he's

>> for. Exactly. Exactly.

>> And so, so yeah, so that's another way

to do it. If you have investment money

or other people's money that you're

using to buy, you know, if you are good

at finding deals,

>> um, you can find a deal and then pay

yourself a 3% commission or however much

you want to pay yourself as the owner of

the property selling it on, you know, to

the general public.

>> That makes sense.

>> That's a way to go.

>> Offered a little illumination to my

brother is up to a lot of things, but

now I I think I understand that a little

better.

>> Yeah.

>> What's the best deals in Boulder right

now?

>> Gosh. uh you know Boulder uh I would say

attack you know anything um any condo or

townhouse right now is generally the the

price is pretty depressed on in general.

Um

>> certainly any interest rate sensitive

price points are also pretty depressed

right now or having you know having

problems selling stuff. If you're if the

the buyer pool for a given house is very

interest rate sensitive,

then they're, you know, they're they're

either out of the market because they've

gotten you don't buy a house, you buy a

payment, right? And at that level, very

few people who are buying a million-doll

house, which is kind of, you know, close

to average here, uh, don't need a loan.

So if you know, so if you're if you're

getting a loan, then you're going to be

really sensitive to that price and that

payment and so forth. So it's uh so

there's some good deals to be had in

that um in that in that range and say up

to like 15 or two and then you kind of

get into this area where there's a kind

of mixed people are paying. Maybe

they'll get a small loan and they're,

you know, a little older. or maybe

they've sold a house, so they have some

cash and they're moving to town,

something like that. Uh, but if I were,

you know, if I wanted to own and I

wanted to be and I wanted to get a good

deal, I'd look at townhouse and condo

right now for sure

>> in Boulder itself.

>> Yeah. Okay.

>> Any particular area? Look at that 2830th

area or where are these town houses,

condos?

>> I mean, there's a lot of stuff. Yeah,

sure. In the 2030th area, that's kind of

where they, you know, there's a lot in

that area.

>> Yeah. So, I've seen that.

>> Yeah, there's there's some some really

nice stuff in Boulder right now. Uh,

sorry, in Gun Barrel right now, which is

still Boulder, which is um

>> selling at a discount. Uh,

yeah, I mean, it's, you know, the the

townhouse and condo market is kind of

depressed right now because they're uh

HOA fees are going up because of

insurance, right? The insurance crisis

right now. So for a lot of people that

monthly goes up a little bit because the

HOA fees have gone up because of

insurance and yeah so it's a little

little tougher you in the market.

>> Um we'll maybe see one thing I I have a

couple questions. So

>> on third in Arapjo there was this like

big house. I think it was like blue.

>> Mhm.

>> And then they tore it down and they

build I thought I think it was on sale

for $3 million.

>> Okay. And then it looks like some I'm

not sure if this is how it happened, but

someone bought it,

>> destroyed it, and then built three $3

million condos

>> and like one's for rent and 11,500 a

month.

>> Mhm.

>> Do you know what I'm talking about?

>> I do. I I showed that that that property

quite a bit actually.

>> Is that what happened? Am I is my

understanding of that accurate?

>> That is more or less what happened? Yes.

>> Oh, wow.

>> Absolutely.

>> That's so fascinating. So they got, you

know, they weren't able to. So high-end

condos are not high-end town houses are

not selling as well as they would like

to either. So as I understand it, uh,

one of those three condos in that

complex actually sold pretty quickly.

>> Okay.

>> And then the other two didn't sell as

quickly.

>> Okay.

>> And so, uh, the people who were, as I I

I don't know for sure that this is what

happened, but this is what it seems like

happened. It was on the market for

approximately nine months to a year if I

remember correctly. And then uh those

folks instead of continuing to try to

sell and not monetize the asset at all

decided, hey, we'll wait for the market

to catch up to us a little bit so we can

get that $3 million,

you know, that closer to that $3 million

price tag. Um and so we'll rent these

out on the open market. And so they're

probably doing that.

>> Okay.

>> Yeah. I wonder what that costs them to

create like when the with the house tear

down and the rebuild and and if they

paid $3 million

>> probably. Yeah. I mean probably a lot. I

mean

>> construction cost

>> for another two or another one. I don't

know. I don't know that.

>> I mean Yeah. So the cost is like okay

the dirt.

>> Yeah. And then the permits. Any doing

anything in town takes a really long

time and getting the permits and then

paying the fees to get your your you

know

Yeah. to to to get the permit to do it.

Um

>> that takes a long time and takes some

money. And then the, you know, the above

ground cost of the build is going to be,

especially for a high-end place like

that,

at least 600 a square foot, probably

more.

>> Okay.

>> And so those places are around 2500 a

piece, I think. So just out the door,

you're looking at whatever 600 times

2500 is. But it's

>> that's an interesting. So the inspection

so it's it's a big you know the margins

are generally

>> pretty thin and

>> yeah surprisingly it sounds like that

>> it's uh it's not like a slam dunk or

everybody be doing it you know.

>> Yeah.

>> And that one has a great realtor and a

great builder and a great you know a

great Yeah. All of that great great

pedigree you know the quality is there.

>> Yeah. So,

>> so if someone bought that one of those

places right now for whatever it is, is

it three million?

>> I think it was low three.

>> What do you think it would be worth in

10 years?

>> Great question. Great question. Uh, you

know, it's it's so hard to say. It's so

hard to say. I you know we say a lot in

real estate I nobody has a crystal ball

but the historic you know if if you look

back in history Boulder has averaged

about a point or so annually higher than

the rest of the country or

>> okay

>> yeah so you know there's always going to

be people who who are willing to pay a

little more for access to the nature and

flat irons and this amazing place that

we live. So

>> Mhm.

>> Yeah. So about 7% a year over,

>> you know, o over time with ups and

downs.

>> Yeah.

>> Is about about the average.

>> And you can time it well so that maybe

you had a bunch of good years right in

the beginning or right, you know, right

in the beginning or in the middle or

something. So that maybe you get 10% a

year, but

>> the average since World War II is

approximately like 7% something like

that.

>> Okay. And then there's this other unique

property where all of a sudden you can

buy a condo of sorts for 200,000.

>> Oh, you're talking

>> with a land lease.

>> Yeah, you're talking about the land

lease property right now.

>> Now, this is a

I'm I you know, this is quite the niche

podcast for like Boulder people that are

interested in real uh real estate.

>> That's a funky little area town, too,

cuz like those three properties. So,

there's a there's an attached uh sorry,

there's a there's an apartment complex

and a and a parking lot right there.

>> And then you've got that land lease

place kind of backed up against the

hill.

>> Mhm.

>> Right. And then you've got this brand

new luxury.

>> Yeah.

>> So, breaking right there.

>> Exact.

>> Oh, you don't want to talk. And then

what the heck is going on down the

street a couple blocks in this?

>> Right. Right. What is that?

>> Silver saddle. Yeah. I could like

probably talk a couple hours about this,

but no, no, it's Gine Park and now

they're like renting them out the very

top of the

>> um it's the sack right before Viewpoint

Trail.

>> Okay.

>> And it was kind of a grungier place

>> and it was on sale for like 3 million at

one point and there's like 12 or 16

units. Sure.

>> And they're like onebedroom apartments.

>> Yeah.

>> But I think they're doing monthly

rentals on them now somehow.

>> That could be

>> for about 2,000 a month.

>> Yeah. again like the it's pretty

rareified air even in Boulder at 3

million for a condo of any kind or like

a tiny house or whatever that is. So,

>> you know, people roll the dice, give it

a whirl, see how it goes. But if you get

through the busy season and you haven't

landed anybody, it's like, okay, how are

we going to make some money on this

investment? And so, they'll figure out a

way to rent it out. There's always a

strong rental demand. So,

>> all right. So, you go you All right. So,

we have we have this is this one block

in Boulder to paint a scene. And this is

like one of the best, I think, blocks to

have best access to the creek.

>> It's crazy.

>> If you like the creek in life,

>> so you have these $3 million condos.

>> Yeah.

>> One's for sale and one's for rent for

11,500.

>> Mhm.

>> Then you have these apartments that

range from like say 1,800 to 2,300 for

onebedroom apartments.

>> You're talking about the land lease

places?

>> Uh no, the apartment.

>> The apartment actual building. Okay. I

don't know that. And then you have the

condos that are you can buy for about

$200,000 and some people have them for

rent. Yeah.

>> For about $2,000 a month.

>> Yeah.

>> What the heck is going I'm like I'm

untangling this. So you're telling me

the owner bought this condo for $200,000

and a land lease is how much per year?

>> I think it's somewhere around 36 to

48,000 a year.

So, you're paying approximately two

three,000 bucks a month for the land

lease.

>> It could change. It could change. That

price could change.

>> It goes up.

>> It goes up.

>> The land lease definitely goes up

>> cuz most if there was a place you were

going to try to buy in that area without

the land lease, wouldn't it cost closer

to like a million or something or

750,000 like a two-bedroom? I don't

know.

>> Have you ever been in one of those? I've

shown them a couple times.

>> Oh, yeah. I've been in one. Yeah, I

looked around. So, the walls are really

thin and it's, you know, not great

construction and, you know, so it's I I

you can short-term them, which is good

as a landlord, but not so great if

you're living there full-time.

So, uh I you know, for for a certain

buyer, I I might recommend that

property, but in general, no. And I did

hear that recently

>> uh that recently the land lease cost

went up. Okay. So now they're just like

barely breaking even on a long-term

lease. Probably not breaking even if you

consider maintenance and taxes and

stuff. So it's not a good buy, man. I

wouldn't I wouldn't recommend it.

>> This is tricky. It's tricky. That's what

realtors are for. Who's getting the best

deal in that area? the guy that bought

the $3 million condo, the guy that's

renting it for $12,000, the guy that

bought the condo, or the guy that's

renting the condo for $2,000 a month, or

the people in apartment that are renting

for 1,800 a month.

>> It's a great question. I would say right

now uh the person the person who's doing

best is probably the one who's got a lot

of dry powder, you know, some cash

laying around waiting for the you know,

waiting for the right buy in the

neighborhood and just renting. I mean,

if you've got that 12,000 a month to

spend on a gorgeous 3,000 foot beautiful

condo to rent,

>> um that's probably the smartest money

because you know you have some. And then

across the creek you have affordable

housing.

>> Yeah.

>> What is this? What is affordable

housing? How does that work?

>> There's a whole program for it. Yeah.

You have to apply and uh you have to

learn some things about the program and

about Boulder and how it works and then

and then you have access to your own

like a a mini market unto itself that uh

where where you enter a lottery for a

place.

>> Yeah. So it's a Okay.

>> Yeah. It's a lottery system. So, you're

>> are they betting on all of the

affordable housing or just like one?

>> Well, you can choose. So, listings will

come up like once you're approved for

the program. Uh listings will come up

within the affordable program.

>> Okay. Um, and you'll have the option of

buying those at a greatly reduced price

or they do have rental affordable as

well where you know depending on your

income and stuff you you would be able

to get a reduced amount of rent for a

place like that. If you do the buyer

program, your uh your appreciation is

capped at approximately 2% I think a

year. And so, you know, obviously for

for important reasons, they don't want

people buying these and monetizing them

and making a bunch of money, right? The

whole point of it is that

>> we have a housing shortage here and we

want to make great housing available to

folks who live and work here. And so,

uh, so yeah, so there's some hurdles to

cross, but you can definitely, um, you

still make some money. You're not, you

know, it it the the the average rental

price, as I understand it, rises

approximately between four and 5% a year

here.

>> Okay. So, if you're in a if you're if

you can afford a uh an affordable

housing program home, you're gen you're

generally going to only be paying 1 or

2% or you're you're only getting 1 or 2%

but your loan is going to be so much

smaller that it works out better than

trying to find a new rental every two

years. Like if you know you're going to

be in Boulder for a long time, that's a

great way to go.

>> Okay.

>> Wow.

>> Making your head spin yet?

>> Yeah, a little bit because I'm

interested. out of all places in the

world, I am definitely interested in

this market. And

>> like when I try to explain it to people,

I'm like, well, I this is what I

somewhat understand.

>> Sure. Have them call me. I love talking

about this stuff. I can keep going all

day.

>> All right. So, is are you for the

properties that you're representing? Do

you think one is the best deal? Like,

which one do you have that's

>> Oh my gosh. I have this amazing property

right now that I do not understand how

it hasn't sold. It's incredible.

>> Got me. All right. Some people are what

is it?

>> So, it's it's uh it's in gun barrel and

it's on open space. It was recently

improved from top to bottom with some a

very talented designer, great colors,

great materials. They kind of, you know,

it's it's it it doesn't feel like a

flip. It is a flip, but it doesn't feel

like a flip inside. Okay. and the the

workmanship, the the fixtures, the

surfaces, everything was done to a

really good level of quality. Uh, and I

I don't know why we we listed it a

little late in the year, you know, a

little later. So, you never know when

you list something in the fall if it's

going to go or not, but somehow it's not

meeting the market. And so, you know,

we're talking about changing the

marketing and stuff, but it's in Gun

Barrel. It's on um it's on Colt Drive,

5580 Colt.

>> Okay. It's It's an amazing property.

>> And when it's open next to open space,

meaning there's not going to be anything

ever built,

>> correct? That's protected open space in

perpetuity.

>> Okay.

>> Yeah. Pretty amazing. I mean, you can

there's there's a there's a a trail that

goes by on the open space right along

the line of houses that are on this open

space. So, you're basically like anytime

you can be on a trail uh and accessing

the entire Boulder Valley trail system.

It's pretty insane.

>> And um here's another question though.

>> It's about a million right now.

>> Okay.

>> Million and 90 actually.

>> Okay.

>> 60 60. Yeah.

>> Good. And then there's this mushroom

house on Wonderland Lake. Do you know

what I'm talking about?

>> I do.

>> What is Do you know the story of this

house?

>> I don't know about how that house was

built, but I remember, you know, back

then Boulder was still pretty funky.

>> Okay.

>> Right. And so there's a few like

Buckminister Fuller houses like Bucky

Balls. I know you know Buckminister

Fuller.

>> I'm somewhat familiar. Yeah.

>> Sure. So like a geodistic dome. He

invented the geodisic dome and uh uh

right around this same time um encared

and that has you know that was featured

in Woody Allen's uh sleeper movie you

know like very impe you know very

austere

>> so people were just doing funky stuff

with uh I've been in a couple of houses

in that same line on the right side of

Wonderland uh Lake Boulevard there and

Uh, you know, it's super funky, but your

house looks like a mushroom. It's cool.

>> Yeah. I also think it might be built

with more natural materials and like

back side might have like an epic view

if I'm not mistaken.

>> It does. Absolutely. It's a little bit

elevated and so you get to see out that

that could be like straw bale

construction or something. That would

totally make sense.

>> Are you familiar with the Golden Hoof

>> structural what?

>> The Golden Hoof on 75th private

membership farm.

>> I am not.

>> Oh, I interviewed Alice. Um, she has

also the Cobb type of built homes.

>> Okay. Sure.

>> And, um, it's a great interview. I

definitely recommend checking out. But

we did one of I did I interviewed her

twice and one of the times I interviewed

in her house and I I just love those

homes. And I'm like, why do more people

not have these homes? She's like, oh,

they they're uninsurable,

>> right?

>> And she's like, I'm not worried about

they're fireproof,

>> right?

>> Alleged according to her.

>> Sure.

>> That's kind of funky.

>> Yeah. I mean, a lot of whether or not

they're uninsurable or whether or not

they're warrantable, which means you can

get a a loan on them.

>> Okay.

>> Right. So, a lot of these funky

constructions, you can't really buy them

unless you can pay cash for them because

you can't get a a normal rate on a

normal

>> Gotcha.

>> loan because of Fanny and Freddy. of you

know Fanny May and Freddy Mack have

guidelines

>> okay

>> around the uh the properties of houses

in order for them to be lendable to be

warrantable and so the um if you don't

fit in that narrow guideline like it has

to have a foundation for example there a

bunch of things it has to I mean that's

not always true but you you whatever

there there's like this this set of

guidelines and if the house doesn't fit

into them then yeah you either have to

pay cash or you have to find a rich

uncle or you have to uh you know get a u

there are also lenders that do what's

called portfolio loans where a bank will

lend from the funds that they're

actually holding. Um so some loans get

done with local banks that way.

>> Wow. Um here's another property I was

curious about at one point. There's a

some sort of like reservoir or like a

water holding space behind like

>> it might be like a little northwest of

Wonderland Lake. Yeah.

>> And there was like a 9 acre property for

sale or 11 acre property for sale and it

was like on the you had like the

waterfront. I'm not sure if you're

allowed to be in that water. Do you know

what I'm talking about?

>> Uh so um

>> it might have been between like

Wonderland Lake and like

wherever that Lee Hill. Oh gosh.

>> Yep. Lee Hill goes up there.

>> Um so does Oh, I I think I know probably

the one you're talking about. So, uh, so

there's, uh, there's Lee Hill. Um,

heading up to Pine Brook Hills, there's

Lynden.

>> Mhm.

>> So, off of Lynen, there's an interesting

property off to the left there, right

before you start going up the hill.

>> And there's some other, you know,

parcels around there, too, that Who

knows? There might be a Oh, no. You're

thinking I think I know which one you're

thinking of now.

>> I think it's like nine acres or 11 acres

for like 3 million or something.

>> Yes. Yes. Yep. That's right. I do. I do

know which property you're talking about

now. What do you understand what's going

on with that property?

>> Uh I know that they've been trying to

sell it forever. So you've got the is

like it's it's a tricky property because

you've got Do you know uh the guy you

know how do you know Spider Clothing was

started in Boulder?

>> No, but that doesn't surprise me.

>> So there's this if you go up Lee Hill,

Dakota Ridge, there's a there's a a

compound. They call it the Spider House

because it was the founders who okay

>> originally built it. It's totally

awesome. I mean, it's a great great

property. And then on the other side of

the Spider House, there is there's this

piece of land that I've met the owner.

Super cool guy, you know. I actually met

him at the Outback shooting pool.

>> Um

>> Oh, nice. Okay.

>> Super good guy. And uh he's just been

trying to sell that land for quite a

while. And I know there's a little hair

on like trying to get the um uh trying

to get the parcels done, you know, and

and like can each of them have their own

house and kitchen and stuff like that.

There was some shenanigans with the but

as I've as I understand it, that has all

been worked out. So I think when the

market picks up, that'll be one of the

first like developments that we see to

go.

>> Yeah. I wonder can multiple families

like build multiple h homes on that or

>> doubtful.

>> Yeah. So it might have to be a single

family.

>> Yeah. You you'd be buying what most

likely like like an acreiz parcel that's

buildable. You know, they might even

like build the septic into it.

>> Okay.

>> So that you get to show up with your

plans and an architect and a builder and

just build your dream house. Those will

all be like big buck houses, my guess.

>> Yeah.

>> Yeah.

>> And then what's the deal with the W?

Isn't it on water or like a lake of

something or like a I don't know if it's

a reservoir? I thought there was like a

waterfront.

>> None of that can be used for that. You

have to you have to dig a well.

>> Yeah. And would you want to technically

be allowed to swim in the water type of

thing or

>> Yeah. I don't Yeah, I don't

>> because that seems intriguing to have a

nice

>> That would that would be amazing. Yeah.

I don't I don't Yeah,

that's pretty rare. Uh, you know, if you

wanted to have a lake that you can

actually recreate on and you can swim in

it and you would want to swim in it.

It's not like a big mud puddle or

something,

>> you'd head out um on 36 there's that

Lake of the Pines. Have you ever heard

of that?

>> Yeah. Yeah. I think I have a friend that

has a place natural lake. It's awesome.

It's deep. They do water skiing on it

and stuff.

>> Oh, I didn't know it was big enough to

do that. That was pretty close to that

fire, wasn't it? That

>> was Yeah. Yeah. Yeah. But that would be

a great place to have an actual swimming

lake and, you know, water's clean,

people taking care of it, all that

stuff.

>> Um, what if you had zero budget and

every house was available in Boulder,

which one would you get?

>> That's a great question, too. I would

say, uh, I, you know, I'm not big on

maintaining houses anymore. I've owned a

bunch of places, so I'm not sure I would

want a house.

>> Okay. I mean, if I had,

you know, [ __ ] you money. Okay, sure.

>> Yeah. And every house was available.

It's just like you had a billion billion

cash.

>> I could do whatever I wanted.

>> Yeah.

>> Uh, yeah. I mean, I, you know, there

were a few areas where, um, I mean, a

buddy of mine probably has that house.

Okay. You know, I was lucky to help him

buy it. Uh,

>> and so, um, I mean, it would be great if

there were a lake that was very

swimmable and awesome here, but there

there kind of isn't. Lake of the H Lake

of the Pines is really the closest.

>> What is that one thing just straight

east of Boulder near Cherry Veil? That

little reservoir.

>> Yep. It has a private beach. Yep. That's

absolutely. You can get one of those and

have access to that beach for just a

little over a million dollars. Yeah.

>> What? That's interesting, too.

>> Yeah. What is that lake called?

>> Looks like a club.

>> It's uh It has a It has a name. It's a

reservoir. I don't

>> You get a beautiful view of the Flat

Irons there, especially during sunset.

>> Yeah. Ridgely Hills is the name of the

subdivision. And you get certain houses

that are close by get access to that

lake.

>> Do you know where that water is coming

from?

>> I do not I do not know where that water

is coming from. It's it's uh I wouldn't

say it's like the virgin snows of the of

the Rocky Mountain.

>> Yeah, I've wondered about that. It looks

like people swimming around it.

>> There are definitely people swimming in

it. Yeah.

>> Wow.

>> Um I've seen this like house and when

you get near the Flagstaff

>> Yeah. below Flagstaff. There's like

these glass I've seen a glass house.

>> Yeah, there's a couple of those in town.

Yeah,

>> that seems interesting. Are those ever

for sale or

>> Oh, yeah. They come up every now and

again.

>> There's a few glass houses like they're

literally how

>> Well, it's funny there there are a few

houses that uh have have huge glass

facads or that were built with some

structural glass in them. Yep.

>> And you know there's one there's

actually only one that is on four sides.

>> That's the one I'm talking about.

>> Okay. So I call that one the glass

house. Okay.

>> But there was a property on the market

for a few years recently for a lot of

money that had a lot of glass and it was

sort of

>> back in the I think it was the early 80s

that one was bought if I'm not if that

one was built if I'm not mistaken. That

was called the glass house. Okay. But

it's not that glassy compared to the

other one.

>> Yeah. This

>> So when I think of the glass house, I

think of the glass box one.

>> Yeah. Yeah. Cuz when on sunrise it just

reflects. It's like what is like an

experiment of sorts.

>> Oh my gosh. It's a huge experiment.

Yeah. And the physics of that and how

that works with the sun and the ambient,

you know, light and solar and all that

stuff is pretty challenging. Yeah.

>> Yeah. Yeah, I bet.

>> Yeah, like the way it traps, you know,

it would have a tendency to trap

moisture up high and so they have

windows up there and it was super

complex. It's an engineering marvel that

house. Yeah.

>> Wow.

>> Amazing.

>> Do you have any questions for me?

>> Let's go get it. Let's go get it.

>> Okay. Is it available?

>> Everything's available.

>> The starhouse. What about the starhouse?

That's a cool thing, isn't it?

>> You know what I'm talking about? Up uh

Sunshine Canyon.

>> Yeah, I love that place. Isn't that what

that's like? Uh they're doing unique

things there like hosting events and

such.

>> Have you been up there yet?

>> I've only been I think at the property,

not at an event somehow.

>> Yeah. Yeah, you should go. They do a lot

of stuff. It's fun. You know, bang a

drum, do some chanting, do some like

five rhythms or something like that.

>> Yeah.

>> Some dance.

>> Do they have special licensing to like

have a property like that in Boulder and

then do events for

>> Yeah. Yeah. They've already crossed all

those hurdles. They have little houses

and cabins that they can rent out and

stuff. It's a pretty cool gig up there.

>> I interviewed this guy named Eagle

McMahon in town recently. He's a famous

disc golfer.

>> Oh, cool.

>> And his dad used to run some sort of

chocolate church. This might have been

before your time, though. How long? You

said you've been here for 13 years.

>> Yeah. Not that long.

>> Yeah. I'm not But apparently they got

shut down. Chocolate church.

>> Yeah. Like they was like do cacao

ceremonies and it was like a raw vegan

collective.

>> Oh, okay.

>> And apparently it got so big it got shut

down somehow.

>> Okay. I don't know if you ever I'm just

>> No, that sounds fun though.

>> I don't know about it.

>> And then um I guess you know we're

coming up on our time here. That's like

52 minutes.

>> Okay, buddy.

>> Do you have any questions for me? And

how do people if they want to get in

touch with you?

>> Uh well, my name is Stuart Ward. If you

put that into a into a browser, you're

going to come up with a bunch, you know,

couple different websites and stuff like

that. Um I appreciate you thinking about

my business. I would love to, you know,

do anything I can. When I was doing, you

know, when I was looking up your name

and stuff, I saw the you sell some

Buffalo based products.

>> Yeah. I actually I brought you I was

whipping up some tallow bombs today, so

I brought you a jar that's like 98%

full.

>> Wow.

>> Um it was just like our last little

squeeze, but it's basically that's pure

bison kidney fat enhanced with a little

organic emu oil.

>> Wow.

>> And organic cow and vanilla. If you want

to take a smell, I'm not Have you ever

used a tallow balm?

>> I have not. It's Man, I was in, you

know, I was in California longer than I

expected.

>> Yeah.

>> Um Yeah. Um

>> it smells like vanilla.

>> I was really missing this product

because it really helps absorb the sun

better. I almost feel like it's a um a

food for your skin.

>> Wow.

>> So, it's a gift for you. I know you

loves it.

>> I can always use more food for my skin.

Feels so dry around here.

>> That is I bet you've heard that a lot

too when people move into town. Like I

I've had so many friends visit and they

have a sometimes they get so dry it's

like they get like itchy and a little

anxious.

>> Yeah. Yeah. And I'm like, get some of

that tallow on you and you'll be more

than good.

>> It's true. It's true. And you you know,

I wasn't a big moisturizer before I

moved here, honestly. Me, you know, and

then

>> you kind of need to do it every day or

every other day, right?

>> Yep. I like I like putting that on my

face at night for sure if I was going to

use it in one way.

>> Yeah, I'm sure it's a great product,

man.

>> Well, um I'm going to like I the longer

I stay here, the more people are

intrigued about living here. And some of

my friends are, you know, very

successful and they were I have friends

that are looking to invest into a home

in Boulder, but they're having a hard

time pulling the trigger on it right

now.

>> But maybe with our connection here, we

can help them.

>> I'd love to help. I'm uh I'm available

to talk to anyone anytime about real

estate. I love doing it. So uh and you

know not to please don't you know

there's no there's there's no uh for me

the the value is just being in able to

help if I can and if they want to work

with me or it looks like that's going to

come to fruition that's great and it's

totally awesome if not too. Um I feel

like it's sort of a a self uh

uh I get a lot out of it. Um, I love

Boulder and I love telling people about

Boulder and learning about Boulder and

um, helping people move here. Boulder

can always use as many awesome people as

possible and uh, so it's good for

everyone.

>> Do you want to live here forever?

>> It's a great question. You know, you get

older and it's it's pretty cold in the

winter here.

>> Getting a little older. I'm from Miami.

Uh, but I am a complete nut for skiing

so

>> Okay, that helps.

>> Yeah. So that's a little push pull.

>> Then what about that dream budget or

that you know FU money?

Where do you think you would where do

you want to live the most if outside of

Boulder? Where would be your next

choice? My next choice outside of

Boulder? Uh I wouldn't mind having

you know a nice spot in California

somewhere just you know close relatively

close to the Sierras but also close to

the water. California I think has some

unbelievably beautiful land just all

over the place. It's so amazing. I love

the ocean.

Uh so yeah, I mean I've always wanted to

learn to surf. So it's just one of those

things. I grew up on boats and stuff,

but we didn't really surf all that much

in the Miami area. So

>> yeah, that's not a big But there you

Miami Beach gets great waves with the

hurricanes. If the hurricane's like

sitting off the right distance and the

wind is right,

>> those sand bars like I'm talking like

first to fifth street. Yeah,

>> that can be epic surf.

>> I have heard of I have heard that. I've

seen guys out there doing it. I had a I

had a condo in South Beach for a while

and uh living down there and you you'd

hear, you know, I had a couple friends

who were who were there doing that, but

uh but yeah, I was mostly focused on

boats and fishing and that kind of

stuff, but to be in an actual surfing

location. I mean, probably Hawaii would

actually if I had like all the money in

the world, I'd probably have a place in

Hawaii.

>> Have you visited some of the island?

>> I have a bunch. Do you have a favorite

spot that you've been to in Hawaii? I've

been to I I love Hawaii as well.

>> Okay. Okay. I mean, I don't know it as

well as you probably every I've only

been to um Maui. So,

>> and I know the areas of Maui fairly

well. Uh

>> so,

>> did you go to up country like Makawa or

uh

>> I did drive up country.

>> That's amazing.

>> I went all the way up there. That's

that's incredible stuff, you know.

Um, I would probably with that, you

know, with that budget, you know, be a

little closer to the water, like the the

beach than being up country. But, um, I

still, uh, you know, just to be there

would be amazing.

>> You know, who has a lot of good

properties like because I've traveled so

much and every time I feel like I'm in

one of the best places even like from

San Louis Abyspo, like these beach homes

in San Louis Abyispo to uh, Maui.

>> Yeah. It's like, "Oh, yeah. Oprah Oprah

owns that place, right?" Oprah owns I'm

like, "How many epic homes does Oprah

own?"

>> I know. It's You You have to wonder. I

know.

>> Yeah. We were um Yeah, we were uh we

were staying at a friend's house

recently, very very close to uh St.

Louis, Abyspo, a little south of there.

And on the the street that we were on is

called Reed Ranch. and she had one of

those houses apparently and like Yeah,

she's just one of those people. It's

like you're in tell you, right? Oh,

that's over.

>> Yep. Yep. Have you ever heard of

Hollister Ranch off of Santa Barbara?

This like private residence area?

>> Uh I have I have heard of it.

>> I think that's some of the most unique

real estate in the world.

>> And it seems very privatized.

>> Yeah. Yeah, that could be a good place.

>> There's an island off Kawaii. I think

it's called Nihow. Have you heard of

this? Yeah. 150 Hawaiians live there.

>> How about that? No.

>> Yeah.

>> You know, someday when we get that Larry

Ellison money, we'll uh

>> Yeah. He doesn't he own like Lai or

something?

>> He owns Lai.

>> I've not been to Lai. I I've seen it

from uh Big Beach and Little Beach and

Maui like on the Kihei side.

>> Uhhuh. Uhhuh.

>> Yeah. Me, too. And there's that little

like there's a little island off of it

where you can snorkel and kind of look

up.

>> That's off of Lai. Yeah. Okay. But yeah.

>> Yeah. I'm very into like the I'm very

intrigued by the best places on earth

and a lot of times there's really cool

homes built in these places.

>> It's true.

>> Um I think Insanas, California is one I

think.

>> Very beautiful spot.

>> And that and then Byron Bay Australia.

I'm not any

>> I've spent a spent a couple months

there.

>> You have? Did you go to Wiggos? The

beach the very eastern tip.

>> Yeah. Yeah. Show me a better place for

real estate. I know. I know. Amazing.

And you surf with dolphins.

>> Allegedly the Aborigian

used to give birth at Wados with

dolphins.

>> I believe that

>> place incredible

>> because I'm starting to think of zero

budget. I'm like, I'll get a house on

Wiggos.

>> Fair enough. I mean,

>> I like Iceland a lot.

>> I haven't been there.

>> Um, but the California homes, those

those beach homes,

>> it's incredible, right?

>> Yeah. Because, you know, so many people

are spending so much money to like

commute to the beach and then you see

these properties that have like not only

are they beachfront, but they have a

golf course on them, like like a

miniature golf course.

>> All right.

>> Like your yard is worth $20 million

there. That little golf green you have

there.

>> All right. Well, thanks for breaking

normal with me.

>> No, my pleasure, man. Thank you for

inviting me. I appreciate it.

>> And how did Yavell connected this? How

did you get in touch with Yavell?

>> Uh, I met him at Highland at at the

>> Do you work out at the Highland City

Club as well?

>> I do. I work out of there. I think

that's one of the coolest buildings in

Boulder.

>> I really love it there.

>> Is there the Moxy? Have you been to Moxy

Marketing Agency across like near that

new hotel on Broadway Napjo? It's like

that's a cool building, too. It's a

brick building. That's a really cool

one.

>> You're not talking about the Moxy Hotel.

You're talking

>> No. Yeah. It's literally called Moxy and

it's a marketing agency.

>> Okay.

>> I don't What's What's with Moxy's?

There's a Moxy bakery here and there's

the Moxy Hotel and then there's the

Moxy. Is that all just

>> I think it's all different people.

>> Synchronicity there.

>> Yeah. Yeah.

>> Boulder's a vortex.

>> We'll keep breaking normally though.

>> Thank you, buddy.

>> Yeah. And I trust for especially people

interested in moving or are living in

Boulder or curious about it, this is a

this is a great resource and anyone

that's interested in uh real estate like

myself.

>> Call me anytime, man.

>> Thank you, Stuart.

>> My pleasure.

>> Take care, y'all.

>> Thanks a lot.