The Troubleshooter 4-24-25

Episode Transcript

Speaker 1 (00:00):
Yeah, ripped up, didn't need advice, so you don't have.

Speaker 2 (00:12):
Come running. Just as fast as we can.

Speaker 3 (00:16):
Shooter's gonna help come.

Speaker 4 (00:18):
Man Dix's The Troubleshooter Show. No Tom Martino, Hello.

Speaker 5 (00:27):
Tom Martino, here fighting for you, going on forty five years,
same radio show, same person, same action. I got some
other people helping me out as usual. They're great people
and they're all ready to do it. We love taking
retired executives, retired or people who are still active even

(00:49):
and putting them to work for us and for you.
We also have lawyers and doctors and accountants and experts.
That's what we do here today. In addition to everything else,
will be talking about solar. Solar is misunderstood. A lot
of people think, well, that may not be a good
option anymore. We'll talk about that. I'm also talking about scams.

(01:15):
I can't believe that.

Speaker 6 (01:16):
So this is.

Speaker 5 (01:20):
Scams are the most ridiculous things, and yet it is
the number one reason people are losing money. It is absolutely,
positively the biggest reason people are losing money.

Speaker 6 (01:35):
There are so many.

Speaker 5 (01:37):
People losing money life savings from scams, scams, and the
biggest scam right now, Well, I don't know if it's
the biggest. It's biggest for dollar amounts. It may not
be biggest for the most people involved, but it's biggest
for dollar amounts.

Speaker 6 (01:58):
Anybody want to take a guess on it?

Speaker 7 (02:00):
Uh, I would guess the biggest and dollar amounts would
be the people who file fraudulent titles to your home
and then they take out ginormous loans against your equity.

Speaker 6 (02:12):
Now it's probably the most prophet title title theft is
one of the lowest forms of fraud there is. Oh,
how about per event romance scams?

Speaker 8 (02:23):
Number one about people calling older people and impersonating you
know what.

Speaker 5 (02:30):
I didn't have that on my list. I got to
do that. That's called the grand parent scam. The grandparent
scam is where someone calls up. It's amazing how grandparents.
I don't know how they fall for it. So somebody
simply calls and says grandma, and they.

Speaker 6 (02:50):
Say is this you harry?

Speaker 5 (02:53):
And then yes it is, and then they they impersonated
a grandson or a granddaughter in trouble. Oh, I've never
heard of a granddaughter. I imagine it happens. They impersonate
somebody in trouble.

Speaker 9 (03:04):
They're in Mexico and jail.

Speaker 8 (03:05):
My uncle got tom My uncle got scammed out of
thirty thousand dollars from that, yes, six years ago.

Speaker 10 (03:14):
It was really bad.

Speaker 8 (03:15):
They called and they acted like they knew his nieces,
and he said, is.

Speaker 10 (03:21):
That my niece Joe Anne?

Speaker 2 (03:23):
Yes?

Speaker 8 (03:23):
Yes, So they they glombed onto the name and he
went to the bank and withdrew practically his life savings
and Western Union to some place in Mexico.

Speaker 5 (03:34):
Hey, give us a call if you've been scammed. Of
course you can call us with any problem, question or complaint.
But basically, deputy Doc hit. It the biggest scam. They
call it. You know what the nickname is in the
scam world for this, butchering pigs.

Speaker 6 (03:55):
They call it butchering pigs. And it's a.

Speaker 5 (03:59):
Terrible name, but or pig bookscher, bookscher butchering. Now, what
what they do is they basically feine interest in you,
they call it. And when they feign interest in you,
you get interested in them. They start exchanging emails and

(04:23):
eventually they ask for money, money to come see you,
or money to get married. Unbelievable, but it's one. It's
one of the very most common scams. And uh, it's terrible.

Speaker 11 (04:41):
Tom treats me about these. I get a lot of
these on the AARP line, and what amazes me is
that people don't understand reality. You have thirty You have
fifteen sixty year old men and women who get involved
with people who are thirty years younger than them, who

(05:02):
are overseas and never ever talk to them or face
time them, and they have no reality testing mechanisms.

Speaker 12 (05:11):
They don't understand.

Speaker 5 (05:13):
Yeah, but don't let don't let don't let a FaceTime
or a zoom be the deciding factor because they know
how to fake those two.

Speaker 11 (05:20):
No, But what they don't they don't realize is that
if you're a fifty five year old man or woman,
there's no twenty eight year old model or a special
Forces person that's going.

Speaker 12 (05:33):
To be interested in you.

Speaker 6 (05:34):
If they're rich, they would be, But these aren't rich people.

Speaker 12 (05:41):
And I can tell them to look as well.

Speaker 5 (05:45):
I'm well, look, there are a lot of people. Think
now listen, I got a text here saying that scammers
are shameless. They're vicious, heartless, greedy sociopaths.

Speaker 6 (05:57):
You know, Mark, do you remember we talked to one
on air and he actually told us.

Speaker 13 (06:04):
Actually I didn't find him that way. I'll tell you
how I found him. I found him like it was
a job. He would split I think forty percent, he'd
get forty percent of his take. And he would show
up at an office and they were I think they
were in Jamaica, and he was just like very matter
of fact. It's not like I'm just screwing people. It's

(06:25):
like a job. It's like selling an undercoatd a car.
I mean, do these car dealers screw people when they
try to sell you all the flim flam and the
mop and glow.

Speaker 6 (06:33):
I don't know. No, No, we're talking.

Speaker 5 (06:37):
There's a difference between shady business practices and out and
out skin.

Speaker 6 (06:42):
I agree, or just said.

Speaker 13 (06:43):
But in his mind that's what I believe. To him,
that was just his job. He didn't personalize the people
he was talking to.

Speaker 5 (06:53):
Ah, I'm bringing up the studio now, Brooke White's there
from Red Rocks Roof and so Brook people. What's the
biggest stumbling block to getting solar right now? I think
it would be that they don't know they're going to
stay in their house. But that's my guess. What is

(07:13):
the what would be the biggest stumbling block?

Speaker 14 (07:18):
I think it depends on if you're talking residential or commercial.

Speaker 5 (07:21):
So let's talk residential. What's the biggest block to residential?

Speaker 15 (07:26):
Definitely the equity piece.

Speaker 14 (07:28):
I think, like you said, how long are they going
to stay in their home and what's the sale value
of the solar when they go? Because right, racing systems
kind of destroyed that relationship with solar and realtors and
it still hasn't recovered.

Speaker 6 (07:45):
What do you mean, what do you mean leasing solar?

Speaker 14 (07:48):
Yeah, so back in the early two thousands when solar
was starting to get more popular, it's because they were
doing leases. So if you bought a system, let's say
from Tesla, Tesla would own the system. They would just
sue it on your roof space for twenty years.

Speaker 6 (08:03):
Twenty five years, Yeah, twenty five years.

Speaker 14 (08:05):
And then after that they would come back and either
take it or you would buy out the system.

Speaker 5 (08:09):
And so with that during that twenty five years, are
you saying it impeded home sales?

Speaker 15 (08:15):
Yes, absolutely, there was a lot.

Speaker 14 (08:16):
Of issues with home sales if you leased a system.

Speaker 5 (08:21):
I can see that because if a new person didn't
want to take it over, you couldn't leave it there.
You'd have to take it with you, and that would
be cost prohibitive.

Speaker 14 (08:28):
You couldn't take it with you because it was tied
to that property. So you would have to either pay
for it, continue to pay it, or.

Speaker 6 (08:35):
You pay it in full.

Speaker 2 (08:36):
Yep.

Speaker 5 (08:36):
So when you pay it in full early, can you
get financing for it?

Speaker 15 (08:43):
For lease systems, you either have to pay it all.

Speaker 6 (08:45):
Well, wait a minute, that would be silly. You can't.

Speaker 5 (08:47):
You can't do that if you're leasing. If you are
on a twenty five year lease and you're fifteen years
into it or ten years into it and you sell
your house, you couldn't take a loan out to pay
for that because it's you know, there's nothing to secure it.
I mean, you're selling the house with the solar system,
So that's stupid.

Speaker 6 (09:05):
When I said, do they take.

Speaker 5 (09:06):
A loan so they have to take out of their
celle proceeds enough money to pay off that lease?

Speaker 14 (09:12):
Sometimes they would, but even sometimes it wouldn't go through
depending on who you leased it through. They weren't always
the most cooperative companies either, from what I've heard.

Speaker 6 (09:21):
I mean, even if you wanted to pay them off,
even if.

Speaker 15 (09:26):
You wanted to pay off the lease.

Speaker 14 (09:28):
This is just Hearsaye from what I've heard from realtors,
this was a system that was put in place long
before I started doing solar, so I'm not exactly sure
on the specs. I just know that it did cause
issues with sales of homes back in the day.

Speaker 5 (09:42):
Okay, yeah, no, I know it did. I know it did,
and it was it was they were leases. When the
new owner didn't want to take over the lease, the
old owner had to pay it off and it came
out of their cell proceeds. I mean, they just you know,
they had to pay it off.

Speaker 6 (09:56):
It was. It was a contingent on them paying it off.

Speaker 5 (10:00):
And then what happens is the new owner gets it
free and clear, and if you can get more for
your house, you can try.

Speaker 6 (10:09):
But a lot of people won't pay more for solars.

Speaker 5 (10:11):
Some actually avoid solar, so it's really a weird situation.
We all recognize solar to be good, but we do not,
we truly do not.

Speaker 6 (10:22):
Believe that when we go out to buy a house.

Speaker 5 (10:25):
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Speaker 16 (11:01):
You don't pay a cent until you're content.

Speaker 5 (11:07):
Time for an insurance check up free no obligation comparison
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three nine two zero sixteen twenty two. Hey Tom Martino

(11:32):
here three oh three seven one three talks seven one
three eight two five five. It's interesting looking at these
scams that go on.

Speaker 6 (11:43):
I mean, there are so many of them.

Speaker 5 (11:45):
And uh, I'm getting a lot of texts about it.
And you can text me at seven four seven nine
nine nine fifty two eighty or through iHeart at the
short code five seven seven three nine Put Tom in there,
get to me. Somebody says, I find paranoia to be
very useful with all online interactions. The worst part of

(12:11):
it is valid organizations that use the same methods online
end up being victims. Another said, repeat after me, No
matter what they say, there is no reason to give
my money to someone I only know through the Internet.
You'd be shocked how many people they pay so much

(12:35):
and so over the years, I put together some of
these scams, and there are so many of them that
I put together, so many and the tech scam that
is really the PC tech scam. So what they do

(12:55):
is they get you get up, your computer freezes up,
or you call for support, or they call you and
they say they're from Microsoft and they want to gain
access to your computer. It's all part of a phishing scam.
But these PC tech scams, oh my god, it's amazing
what people do.

Speaker 6 (13:15):
Some of these older people let them into their.

Speaker 5 (13:17):
Computer and then everything, every dime they've ever had is gone,
just gone, because someone went into their bank account. It's
it's hard to believe, but it happens all the time.
Called screener, let's go to Shelley. Hi, Shelley, you were

(13:38):
working with Deputy d and this was an RV issue.

Speaker 6 (13:43):
How long ago was this one?

Speaker 9 (13:44):
Shelley first called a April third.

Speaker 5 (13:47):
April third, Okay, so what was the original problem with Shelle?

Speaker 6 (13:52):
Any of you, Shelley or d.

Speaker 2 (13:55):
Tom.

Speaker 7 (13:55):
Shelley called in because because she lived in an RV
which was parked in the street and then Denver came
and towed it away, and Shelley does not want the
RV back, but she wanted some more time to remove
some of her personal belongings from the RV.

Speaker 9 (14:14):
So she went to the impound yard.

Speaker 6 (14:16):
I remember this.

Speaker 7 (14:17):
Yeah, she gained access to the RV, but she felt
like she wasn't given enough.

Speaker 6 (14:22):
She was given fifteen minutes, and she said, that's not fair.
I thought. The sheriff's department said she was there for
more than an hour.

Speaker 7 (14:31):
Yeah, So I spoke with the sheriff's department. They checked
their records. They claimed that she was there for an
hour before they finally kicked her out. So I asked
the sheriff's office to please get her, give her another
chance to come in for a fifteen minute interval and
grab her stuff. And the sheriff's department said, yeah, that's fine,
she can come back. She'll be supervised by a deputy,

(14:53):
which is their policy, and she'll have fifteen minutes. And
so I called Shelley a few days after that initial
phone call from her.

Speaker 9 (15:02):
We discussed.

Speaker 7 (15:02):
I asked her to come up with a plan, like
figure out what she wants to get, how she's going
to get it in fifteen minutes and be in and
out and and that's it. So now Shelley's calling because
I assume show he kind of hit a snag.

Speaker 9 (15:15):
In that plan and something.

Speaker 6 (15:16):
Well did they let you back, Shelley?

Speaker 17 (15:19):
And well, they did, but they only they said one
of only one of us to go in My roommings
went in and I was sitting in the car and
I opened the door and he said, you do not
supposed to see her? They said one. They said only
one of you can go in. I didn't enter it.
They kind of live on in there, not even five minutes.

(15:39):
But he also found that a lot of our stuff
was stolen. My jewelry box, while all the drawers were missing,
the power tools were missing, you know, you know, I mean,
both of us know what we had in there, but
I don't know who hereinning packed us too much. I
understanding they didn't even enter it for thirty days. After
the thirty days, the inventory is right, and so's Sheriff's

(16:07):
impound as my friends here.

Speaker 6 (16:13):
Yeah, so I'm not sure of the process. Are they
supposed to get personal property back?

Speaker 9 (16:19):
Yes, they do have a policy of allowing people in.

Speaker 6 (16:23):
I mean, what is the law on it, you know,
I don't.

Speaker 9 (16:25):
Think there is a law. I wasn't able to find
any law.

Speaker 12 (16:29):
It is.

Speaker 7 (16:30):
It appears to be the Denver Sheriff's office policy. And
they do allow one person in and you've got fifteen minutes.
And my understanding is they only allow you one event
like that and after that you're done.

Speaker 9 (16:45):
You either bail out your.

Speaker 7 (16:47):
RV or you abandon it with the Sheriff's office. So
I'm not surprised to hear Shelley say that they would
not allow her and her roommate to enter the RV.
And I'm also not surprised to hear that a bunch
of stuff had been stolen. So whether it got stolen,
you know, before the before the RV got towed, or

(17:08):
while it was at the Sheriff's department, I don't doubt
that stuff was stolen. I doubt that there is anything
that the sheriff's office is going to do about stolen
stuff though, I.

Speaker 6 (17:20):
Don't think so.

Speaker 17 (17:23):
We know what we've been there.

Speaker 5 (17:26):
Yeah, but I don't think who are you going to blame?
They're going to deny it. I mean, this is this
is almost an unwinnable situation when people say this. Now,
towing companies in Colorado must release certain essential items without
any payment whatsoever. Prescription meds, medical equipment, child restraint systems,

(17:51):
credit cards and cash, state or federal issued identifications in
your wallet, and cell phones. That's the only, well not
the only, but that those are some of the things
they must release. The items must be released upon demand
during business hours, and that is during the first twenty
four hours of the of the tow with an hour's

(18:14):
notice outside of business hours.

Speaker 6 (18:17):
Yeah, so that's that, with one hour's note. What's that mark?
I mean, that's that.

Speaker 13 (18:22):
It's it that twenty four hours has coming gone a
long time ago for them to have to release anything.

Speaker 7 (18:28):
But yeah, but gentlemen, keep in mind that law does
not apply in this case. Why because this vehicle was
impounded by the Sheriff's office. Oh yeah, touch company. So
it's it's in the Denver impound yard. Oh, and I
could find no law that addresses Denver's responsibility with regard

(18:49):
to the vehicle owner or occupant. So that's why we
looked at Denver Sheriff's department policy, which was explained to
me in great detail, and it's a very simple policy
and it's exactly what I just told you.

Speaker 6 (19:02):
So did you end up so you and a lot
of the stuff was stolen? Is that what you're telling us?

Speaker 17 (19:08):
Well, and then it wasn't a lot that it was
on his power tools my jewelry, right.

Speaker 5 (19:14):
And so are you accusing the Sheriff's department of stealing
it or who?

Speaker 6 (19:19):
Or people at the impound yard?

Speaker 2 (19:21):
Who?

Speaker 6 (19:21):
Who do you think stole it?

Speaker 17 (19:23):
No, because there's a guard at the gates. So the
inventory they inventoried it. So it was and they said
because things were laid out like on the bed, and
they do.

Speaker 5 (19:35):
You have a sheet from the Sheriff's department showing that
there were power tools and now they're gone.

Speaker 17 (19:42):
No, they were in their inventory in but they took
somebody took stuff.

Speaker 5 (19:47):
Out, so it had when they did the inventory list.
Were the power tools listed on the inventory list?

Speaker 17 (19:53):
You didn't show us an inventory list because it's not
up for They can't even sell it until the thirty days?

Speaker 2 (20:01):
Is that?

Speaker 17 (20:02):
But we have we have thirty days to reclaim our things.
But when they only give us, we were not there.

Speaker 5 (20:10):
In an hour by you know, the law doesn't address
this is interesting because the law doesn't address how much
time they give you.

Speaker 6 (20:18):
It doesn't say a word about it. Well, I don't
think she can move that thing.

Speaker 17 (20:23):
Don't want to move it.

Speaker 9 (20:23):
I just want Yeah.

Speaker 13 (20:25):
I know that means no one's going to get paid
for the toe and stuff. That's my point of saying that.

Speaker 12 (20:31):
So, Shelley, are.

Speaker 7 (20:32):
You calling because your stuff was stolen? Or are you
trying to get into the r V again to get someone?

Speaker 17 (20:39):
Because they only gave him five minutes and then they
told us we had to leave because I was in
the backseat. They said only one person could enter. He
was the only one that went inside. I stayed in
the car and he said, oh, get here, and I'm like,
this is my home now with my car. So if

(21:00):
I mean, I think we've suffered enough. They took the
right mansfield completely out. I don't know what they did
with it. That that's how they got in fite of
it because.

Speaker 5 (21:08):
We have by the way, by the way, if there
they're not allowed to limit your time.

Speaker 9 (21:16):
Well, that's the private pound yards.

Speaker 6 (21:19):
Or why are you.

Speaker 5 (21:20):
Saying that the Sheriff's department doesn't have to follow anything.

Speaker 7 (21:22):
Well, they have to follow something. But the law that
you just quoted place the private impound yards and in
private towing companies. This is this is outside of the
scope of that law. This is the sheriff's impound yard.

Speaker 6 (21:38):
I don't think how much is the stuff worth it's missing.

Speaker 17 (21:44):
I would say it probably about a thousand dollars.

Speaker 6 (21:49):
You're going to have a hell of a time trying
to get that.

Speaker 7 (21:52):
There's zero chance that the government is going to accept
responsibility enough that somebody claims was stolen from there.

Speaker 6 (21:58):
They're not going to even if they have a video.

Speaker 9 (22:01):
Of somebody's stealing it from the umpiled yard. They're not
going to do anything. They're the government. They're not they don't.

Speaker 5 (22:06):
Want I'm sorry, Shelley, I don't think you're gonna retrieve that.
I mean, I'm just being straight with you. I don't
think you're going to retrieve that stuff. Three oh three
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They'll go out, pull the sumpump, clean it, adjust it,
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(22:28):
sealed bearings, but they'll clean out the pit and make
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(22:55):
Roofing dot com. You don't pay a cent until you're content.
Time for an insurance check up free, no obligation. In comparison,
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seven to one help. You'll think you're his only customer
when you choose Frank durand the real estate Man dot

(23:16):
com to list your home with Remax Alliance three all
three nine two zero sixteen twenty two. Hi Tom Martino
three three seven one three talk seven one three eight
two five five. All right, you know these scams, man,

(23:41):
It's just amazing to me how many there are. I'm
going to start mentioning these a little each time on
the air. But first I want to take this call,
and here he is, Okay, go ahead, Bob, you want
to talk about Excel Energy.

Speaker 6 (23:58):
What's going on with you?

Speaker 18 (24:00):
Yeah, mister Martino, I used to have a rental in Colorado.
I lived in Colorado my whole life, and I recently
moved to northeast Wyoma. But I had two houses.

Speaker 19 (24:10):
And I rented one out.

Speaker 18 (24:12):
Well, one of my tenants wanted to buy the house
in twenty twenty, so I sold the house tour and
I've got the documents to prove it, and that was.
Everything was fine for like three years, and then twenty
twenty three, she sold the house to a renter, and
I guess the render decided they didn't have to pay

(24:32):
the electric bill because the electric bill stayed on. So
Excel Energy saying that I owe them over seven hundred
dollars because there was a landlord.

Speaker 5 (24:44):
Were you on the account? You were on the account
the whole time this woman owned it.

Speaker 18 (24:50):
Well, I wasn't aware that I needed to call Excel
Energy and cancel the landlord agreement. So three years went by,
and you know, obviously the lady I sold her to
always pay her bill.

Speaker 20 (25:02):
So you know, I'm that dumb and happy.

Speaker 18 (25:04):
I'm a disabled vet, moved to Northeast Wyoming, I'm retired,
and now all of a sudden, I'm getting calls from
Excel And now today I got a text from Harris
and Harris, which I don't know if they don't know
how to contact me, but it's a collection agency saying
that they're representing Excel Energy. So you know, I don't

(25:25):
know what to do here. Am I going to have
to pay it and then go after the.

Speaker 20 (25:27):
Person the house?

Speaker 21 (25:30):
Yes, that's what I'm gonna have to do.

Speaker 5 (25:31):
Yes, Yeah, Unfortunately, unfortunately you you go to small claim
score and how much is it?

Speaker 18 (25:41):
I don't don't know what was seven hundred dollars?

Speaker 11 (25:46):
So this will.

Speaker 5 (25:50):
Did you try did you try offering Excel proof of
sale documents?

Speaker 22 (25:55):
Yeah?

Speaker 20 (25:55):
In fact, one.

Speaker 18 (25:56):
Lady, the first lady I talked to when I called,
she goes, just email is proof of the sale and
it won't be a problem, it'll be expunged. And then
so I sent it. She gave me an email address
and I sent the documents stuff in even with the
account number and stuff with Xcel and lo and behold,
I kept getting notices, so I called them again and

(26:18):
the different ladies says, she.

Speaker 22 (26:20):
Told you incorrectly.

Speaker 18 (26:21):
You know you'd never canceled this landlord agreement, so you're
responsible for it. And I'm like, well, what about the
person that's been living there for two years and not
paying for electricity?

Speaker 20 (26:30):
I mean, surely they.

Speaker 5 (26:30):
Knew that person. That person is responsible to you. Right listen,
I'm going to tell you something. I'll tell you what
your biggest enemy is. And I would go to small
claim scored against that homeowner, get a judgment and put.

Speaker 6 (26:47):
A lien on the house.

Speaker 5 (26:47):
I would Your biggest problem is that went on for
three years or more. That's your biggest problem. Had you
caught this right away, I think they would have done it.
But I think they're probably thinking, you know what, he
might be responsible.

Speaker 6 (27:03):
It's really very It's your worst.

Speaker 5 (27:05):
Nightmare is letting time pass on stuff like this. It's
not not a good idea. Three all three seven to
one three talk, yeah, thank you, three all three seven
one three eight two five five.

Speaker 6 (27:19):
Bo. Do you have a question for Uh?

Speaker 12 (27:23):
Yes, I do.

Speaker 6 (27:24):
Hi Brook Brook White with Red Rock Solar, Go ahead.

Speaker 8 (27:28):
Brook, I have a question about these tax credits that
you get from other customers that.

Speaker 6 (27:35):
What do you mean you get from other customers? What
are you talking?

Speaker 8 (27:37):
Well, if they buy a solar system and they get
like a thirty or forty thousand dollars credit, they they
might be in a situation where they cannot use the
credit because oh, oh any taxes, right, So.

Speaker 5 (27:51):
Uh, he's asking if you've had any customers that can't
use the credit, and then what do they do?

Speaker 6 (27:56):
Do they sell it?

Speaker 8 (27:57):
Yes, I'd like to know Brook, how how I kind
of know how that works. But let's say I were
to buy a tax credit from one of your customers.
Can I use that like for years down road, like
for twenty twenty six, twenty twenty seven, or do I
have to use the tax credit in the same year
that I purchase it?

Speaker 15 (28:17):
So it depends on how you buy the tax credit.
This is a great question.

Speaker 14 (28:21):
So if you buy the tax credit as a person,
then you can only use it for the year that
you bought it moving forward, but you have twenty years
to utilize it so you can use it in the future.

Speaker 15 (28:33):
What's a smarter way to do it is to buy it?

Speaker 2 (28:35):
Wait?

Speaker 6 (28:35):
Wait, wait, wait, wait wait, I think you just said
you didn't say both.

Speaker 5 (28:41):
I mean, didn't you get the impression boat way either
he can take it or he can So as an individual,
you said he had to take it in the year
you bought it, but then you said he had twenty years.

Speaker 6 (28:53):
I'm confused.

Speaker 14 (28:54):
Yeah, absolutely, So with commercial or if you buy it
as a business, you can actually backdate your taxes so
you can go backwards to recoup some money you've already
paid the government.

Speaker 15 (29:04):
If you buy it as a person.

Speaker 14 (29:05):
You have to do it in the starting year is
the year that the system achieved what's called permission to
operate or PTO you. So let's say you buy it
this year because the system became active this year, then
you could do twenty twenty five and twenty years moving forward.
If you buy it as a buss, okay, then you

(29:26):
can go from twenty twenty two and use those that
as your first year for twenty years isolate.

Speaker 5 (29:31):
So as an individual, you get to go for the
present year the system became activated for twenty years onward.
If you're a business, you can go back retroactively.

Speaker 10 (29:42):
Yep, Okay, Well I'm not I'm broke, I'm not a business.

Speaker 8 (29:45):
I'd like to buy one and then use it like
five years down, use a little bit every year.

Speaker 15 (29:51):
Yeah, absolutely, How much are you looking for? I got
fous it wouldn't to sell.

Speaker 5 (29:56):
Now wait a minute, So to buy a tax credit,
how do they assign it to you?

Speaker 14 (30:01):
So both parties have to be set up with the
IRS in order to do that. It's a pretty simple
process that usually takes about two to three weeks for
the IRS to review the application, but the application itself
takes about five minutes to complete when you submit it.

Speaker 15 (30:18):
Once they both have their registration.

Speaker 14 (30:19):
Numbers, then you can then Party A just sells it
to Party B abnormal contract terms so usually.

Speaker 6 (30:27):
And how much of a discount are they going for?
Right now?

Speaker 5 (30:30):
If I bought one thousand dollars in tax credits, how
much would it sell for?

Speaker 6 (30:34):
Approximately?

Speaker 15 (30:36):
Can I do it the opposite way?

Speaker 14 (30:38):
So if somebody is selling one thousand dollars in tax credits,
you're going to pay them about seven hundred dollars, so
you make about thirty percent.

Speaker 5 (30:48):
Yeah, So the person buying gets a discount of thirty
percent yep.

Speaker 14 (30:51):
And the person selling gets access to funds that they
wouldn't have access to because they don't have the tax liability.

Speaker 8 (31:00):
Okay, Okay, So if you bought one hundred thousand dollars
tax credit, you'd be paying about seventy thousand. Yep, you
mentioned a thirty percent discount. Yeah, that's gonna be a
lot more like you because that tax credits.

Speaker 14 (31:18):
You get to decide what the contract looks like. So
if somebody really will never be able to use it
and they're willing to take a fifty percent drop, I mean,
it's a contract that you set up in party, Yeah, exactly.

Speaker 6 (31:29):
I mean it's it's supplying to man man.

Speaker 5 (31:31):
If if someone wants to get rid of them and
they'll never use them, they might sell them for fifty
cents on the dollar, she said. Normally it's about thirty
percent discount. All right, We have more coming up on
the Troubleshooter Show. Three oh three seven one, three eight
two five five. Don't forget Denverregen dot com for stem
cell therapy get pain free.

Speaker 6 (31:50):
I've done it. They're wonderful people.

Speaker 5 (31:52):
Great pricing Denverregen dot com. Go with a sure thing
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Speaker 16 (32:05):
You don't pay a cent until you're content.

Speaker 5 (32:11):
Time for an insurance check up free no obligation comparison
call Compass Insurance. Pay too much your coverage at dozens
of insurance companies find out now three oh three seven
seven to one help. You'll think you're his only customer
when you choose Frank durand the real estate Man dot
com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two. Hi Tom Martino

(32:39):
here three O three seven one three talk seven one
three eight two five five John, Welcome to the show.

Speaker 6 (32:45):
What's going on with you? John?

Speaker 22 (32:50):
Hey?

Speaker 20 (32:50):
Tom?

Speaker 22 (32:51):
How are you today?

Speaker 6 (32:52):
Good? What's happening?

Speaker 11 (32:55):
Oh?

Speaker 22 (32:55):
So, I just wanted to see if you had any
tips or ideas on doing a lump sum payment for
a credit card.

Speaker 6 (33:05):
We do have good information on that.

Speaker 5 (33:08):
Tell me what you're talking Are you talking about paying
a reduced amount?

Speaker 22 (33:13):
Yes, it's just kind of like a artt.

Speaker 6 (33:18):
How much do you have on there? How much do
you have on there?

Speaker 22 (33:23):
Got it matched out at seventeen thousand?

Speaker 6 (33:27):
One of them is just one card or more than one?

Speaker 22 (33:30):
Just one?

Speaker 6 (33:33):
Okay? Are you looking have you?

Speaker 13 (33:36):
I'm just curious here? Are you looking at just like
negotiating it down or are you looking at what what
exactly are you trying to do.

Speaker 5 (33:45):
He's trying to negotiate a lower price for a complete settlement.

Speaker 13 (33:49):
Then, just out of curiosity, do you have a lot
of other assets that come into play. The worst thing
for your credit report is going to be that you're
better off as far as the credit goes, depending on
your circumstance. To consider doing a chapter seven or eleven,
depending on what your DBT looks like.

Speaker 5 (34:10):
Gotcha, Yeah, here's the deal, bro Eleven is way too complicated.
Ninety percent of them fail. But we're gonna come back
to you. We're gonna come back to you right, thank you, Mark,
it is a thirteen or seven. We're gonna come back
to you and explain that to you and try to
get our expert on Mike Wink if we can during
the break. So hang on, I'm Tom Martine. This is

(34:32):
a good topic. Let's talk about seven and thirteen. Go
with a sure thing Denver's Best roofer Excel roofing dot com.
You don't pay a cent until you're content. Time for
an insurance check up free, no obligation. In comparison, call
Compass insurance paying too much your coverage at dozens of

(34:52):
insurance companies find out now three oh three, seven to
seven to one help. You'll think you're his only customer
when you choose Frank durand the real estate man dot
com to list your home with Remax Alliance.

Speaker 6 (35:03):
Three oh three nine two zero sixteen twenty two.

Speaker 2 (35:06):
Yeah, ripped you need that's so you don't have come running.
Just as fast as we can.

Speaker 3 (35:22):
Shooter's gonna help come.

Speaker 4 (35:25):
Man six is the Troubleshooter Show.

Speaker 5 (35:28):
No Tom Martino, Hello, Tom Martino, here fighting for you.

Speaker 6 (35:34):
Let's talk.

Speaker 5 (35:35):
This show is all about solving problems, answering questions, taking complaints,
and make your life a little easier.

Speaker 6 (35:40):
If you give us a call, we can help you.

Speaker 5 (35:42):
Three oh three, seven to one three talk seven one
three eight two five five. You can do three oh
three Martino twenty four to seven around the clock. We
will pick up your message and call you and get
you on the show. So whatever's on your mind. Let
us know. John has credit card debt and he wants

(36:05):
to know about a lum sum settlement. John, you say
you owe about seventeen grand Is that right?

Speaker 11 (36:13):
Correct?

Speaker 6 (36:15):
Do you owe anything else in your life?

Speaker 5 (36:17):
Let's take a let's take a look, and Mike Wink
from the Wink law firm. He's a bankruptcy attorney and
a debt settlement attorney.

Speaker 6 (36:26):
He's listening.

Speaker 5 (36:27):
So you owe seventeen grand in credit card debt?

Speaker 6 (36:31):
What else?

Speaker 23 (36:33):
So because of that debt, I also well, today I'm
selling my car that I bought two years ago, and
I'm dropping off five hundred and fifty dollars for a
month's payments on that.

Speaker 6 (36:46):
Well, what do you get? What are you doing for transportation?

Speaker 20 (36:49):
Well, so I bought a.

Speaker 23 (36:51):
Little oh seven Highlander for sixty seven hundred and I'm
actually going to make it, hopefully a couple of thousand on.

Speaker 22 (36:59):
The sale of this Kiya.

Speaker 23 (37:02):
And and in lieu of paying off this credit card,
I got a junior loan to decrease the percentage of
the payment.

Speaker 5 (37:13):
But wait, are you talking about the seventeen thousand dollars balance?

Speaker 6 (37:17):
You got a loan on it?

Speaker 23 (37:20):
Yeah, I got all the junior loan of the second
mortgage basically, and that paid out yesterday. So unprepared to
make a lum some payment, I just don't want to.
I don't have to pay the seventeen dollars I got it.

Speaker 5 (37:33):
So you got a second mortgage on your home and
pulled out seventeen grand for this debt, and now you
want to try to make it less.

Speaker 6 (37:41):
Is that correct?

Speaker 22 (37:43):
That's it? Yeah, that's it in a nutshell.

Speaker 5 (37:45):
And you also you're also selling your car to reduce
that payment by five hundred a month.

Speaker 23 (37:51):
Right, Yeah, that's that's going to I went from five
point fifty to now I'm paying.

Speaker 6 (37:59):
What's your what's your income?

Speaker 23 (38:01):
By the way, I'm sitting at it about forty two
thousand a year before.

Speaker 5 (38:09):
Ye know, Mike wink, if this guy took a second
on his home. Now, how much equity do you have
in your home? John, I got to ask you that
one well after the.

Speaker 23 (38:21):
REFI yeah, yeah, after that it ended up being it's
still sitting around three sixty.

Speaker 5 (38:29):
If you have three point fifteen equity in your home,
you just pulled out lump sum of seventeen grand and
you're selling your car and you're not going to have
that payment. Mike, I think he's a bad candidate for
a settlement.

Speaker 6 (38:41):
What about you?

Speaker 24 (38:42):
Well, it all depends on I mean, first of all,
he's well positioned to settle, right, I Mean the main
thing is he had cash, and I don't know if
he's in default on that credit card, but he would
have to go in the default in order to achieve
a settlement. And you know, if he comes in the
default for at least about four or five months, he's
probably gonna be able to save you know, about half

(39:04):
of that ballance. So let's say eighty five hundred dollars there.
You know, there'll be some fees, So let's say it's
you know, he'll say seventy five hundred dollars. But that's
the kind of savings he can achieve. Now, I guess
the question is, you know, should he be filing bankruptcy instead?
And with three hundred fifty thousand of home equity, he's

(39:25):
close to the highest limit there is in Colorado to
protect and you only get that high if either he
or somebody are dependent in the home is either sixty
or older or disabled. How old are you.

Speaker 22 (39:38):
Saying fifty two on Monday?

Speaker 25 (39:42):
Yeah?

Speaker 24 (39:42):
And there's nobody in the home disabled or over sixty?

Speaker 6 (39:47):
No?

Speaker 24 (39:48):
Yeah, So with his home equity, bankruptcy would require him
to repay all the debt. So actually, settlement is a
good play, and he's well positioned for it because he's.

Speaker 25 (39:57):
Got the cash.

Speaker 16 (39:58):
Now I think, okay, now, Mi, I am.

Speaker 24 (40:00):
A color You're going to sell the car for a profit,
so you're not looking at a deficiency. Violence there is
that right, right?

Speaker 2 (40:07):
Correct?

Speaker 22 (40:08):
Okay, yeah, Hey.

Speaker 5 (40:10):
Mike, Mike, I have a question. I want to clarify
home equity. Home equity is up for grabs beyond exemptions.
What are the normal exemptions for a home Starting with
just a regular person with no infirmities, not old, just
middle aged person, what how much do you get to.

Speaker 24 (40:31):
Shelter fifty thousand of home equity? And then it goes to.

Speaker 5 (40:37):
Three And if you're a married couple filing do do
you get the five hundred if you have a wife.

Speaker 24 (40:44):
No, it's the same. So Colorado law basically says there's
one homestead attemption for home So if you're married, you
still only get too fifty. You're still you get too fifty.
It's the same deal.

Speaker 5 (40:56):
Okay, that's different with the tax law. But because with
the tax well you get to exclude five hundred grand
from your taxes from your capital gains.

Speaker 24 (41:07):
Sure, yeah, and it's different than most other attemptions in Colorado.
So for example, you get fifteen thousand a vehicle equity
and you if you're married, you and your spots each
get fifteen, but you still don't get one home.

Speaker 13 (41:18):
How about just out of curiosity, how about if you
were tenants in common.

Speaker 24 (41:24):
It's like I said, it's one homestead for property. So
there's been a lot of wow.

Speaker 5 (41:29):
Okay, so a normal taxpayer who's going a normal taxpayer
going bankrupt will have two hundred and fifty thousand dollars protected. Okay,
what goes beyond two hundred and fifty thousand?

Speaker 24 (41:46):
What do you mean by that?

Speaker 6 (41:49):
Which kind of.

Speaker 5 (41:49):
A filer of a bankruptcy would have more than two
hundred fifty thousand?

Speaker 24 (41:55):
Right, So, typically a homeowner would find it unacceptable to
lose their home in bankruptcy. And frankly, even if they
wanted to get out of the home, they'd be better
off selling it and dealing with creditors, probably outside of bankruptcy.
So if you are, if you are over the two
fifty and bankruptcy still makes sense, it's probably because you're
not that far over to fifty and or you have

(42:16):
a lot of debt.

Speaker 5 (42:17):
Right, So then then we can all right, But Mike,
what I'm asking for. What I'm asking for, I'm asking
for specific individuals that would be able to exclude more
than the standard two fifty.

Speaker 6 (42:30):
Are there any other exceptions?

Speaker 24 (42:34):
No, it's just if you're if you're sixty or older,
if you are a dependent in your home is sixty
or older or disabled, then you could protect three hundred
and fifty thousand. And that's the only other okay, sort
of type of home set exemption that there is.

Speaker 6 (42:49):
Okay, it's either two fifty or three fifty. Okay.

Speaker 5 (42:53):
So John, by the way, Wink and Wink they do
credit card and all debt settlements.

Speaker 6 (43:01):
You may want to contact him.

Speaker 5 (43:02):
Okay, it's Wink Law Firm dot com.

Speaker 6 (43:06):
The Wink Law Firm dot com.

Speaker 12 (43:08):
Hey, can I ask John a question?

Speaker 6 (43:12):
Yeah?

Speaker 11 (43:12):
Hey, John, do you have any feeling of a moral
obligation to pay your debts?

Speaker 6 (43:19):
Why do you ask that?

Speaker 20 (43:21):
Well?

Speaker 6 (43:21):
Because he yeah? But why do you ask that? Doc?

Speaker 5 (43:23):
Because you don't have to answer that, John, Because John,
you don't have to answer that.

Speaker 23 (43:28):
I do, but yeah, because he Hell, the rules are
set up though, do.

Speaker 1 (43:34):
Just the way it is.

Speaker 6 (43:36):
Man, I'm just king.

Speaker 12 (43:39):
I don't.

Speaker 6 (43:40):
I don't get into the morality, Okay. Listen. The only
time I would get.

Speaker 5 (43:44):
Into the morality of a bankruptcy is if somebody was
stashing gold or cash and cheating the system.

Speaker 6 (43:51):
But if you're using the.

Speaker 5 (43:52):
Rules of the system the way the rules of the
system are written, then more power to you if you
need to. I'm but but, but so, what was the purpose?
I'm just wondering, Doc, I mean, if you were if
you were out of out of options, would you not
consider it because of the morality of.

Speaker 11 (44:11):
It, Whether he purchased something or somebody provided a service
that they're entitled to get paid for what they did.

Speaker 6 (44:20):
They are entitled to get paid.

Speaker 5 (44:21):
So I'm asking you, Doc, if you were in a
situation where you could not pay your bills, you would
not do a bankruptcy.

Speaker 6 (44:29):
You would try to pay everyone I would.

Speaker 5 (44:33):
Okay, okay, so there are people, But you know, do
you understand that there are situations that are so hopeless.
What if you're a half a million dollars in debt
with medical bills?

Speaker 6 (44:45):
What about that?

Speaker 12 (44:46):
Well, I was going to ask if it was medical bills.

Speaker 6 (44:50):
No, what I'm asking.

Speaker 5 (44:51):
What I'm asking you is don't you think there's ever
a time when a bankruptcy is apropos?

Speaker 12 (44:58):
Yes, but I think for seven thousand dollars it's not.

Speaker 5 (45:02):
That's just okay, well, I no, I understand you didn't
clarify it before when you asked about the morality. But
so you're saying seventeen grand John, you understand though seventeen
grand in your position is a small amount to pay
compared to what you have. And again you can still

(45:23):
get a lumpsum settlement. Mike Wink said, Listen, you know.

Speaker 13 (45:27):
I still have they're ready to I still would like
clarification on something. And I don't know if Mike nose
or not, but I think I used the wrong term before.
But if you and I own a house together, Tom,
and it's joint Tennancy, you own fifty percent of the house.

Speaker 6 (45:42):
I own fifty percent of it. It's not like a.

Speaker 13 (45:45):
Married couple and we somehow both claim bankruptcy at the
same time. Is he saying that only two hundred and
fifty thousand total, So my exemption as a person not
married owning half that house would only get one hundred
and twenty five thousand exemption. That that's I mean, I'm
sure it's happened, you know what. Hold on, we hear

(46:09):
what he says.

Speaker 24 (46:11):
If let's say that you guys don't know home you
both live in it and one of you files bankruptcy,
the home has three hundred and fifty thousand of home equity.
You're under sixty. You can only protect the two fifty,
so you only get to fifty, and then the amount
above that only half of it would be the bankruptcy estate.
The other half would be to the person who didn't

(46:32):
file bankruptcy. So you'd get one hundred and twenty five
and then you get half of the extra hundred or
whatever it is over the two fifty. Does that make sense?

Speaker 13 (46:40):
Yeah, But how about if both of them did bankruptcy
at the same time, and let's say there was a
five hundred thousand inequity, would they each get two hundred
and fifty thousand inequity?

Speaker 24 (46:50):
No, there's like I said, there's only one homestead.

Speaker 6 (46:53):
Wow, that's that's what I didn't know that, Thank you Mike.

Speaker 25 (46:56):
Here.

Speaker 5 (46:59):
So the ownership, the ownership of joint tenancy is where
they both own equal shares Mark okay, and and the
other one has right of survivor they automatically passes.

Speaker 6 (47:16):
That's what a joint that's what a married couple does.

Speaker 5 (47:19):
The tenants in common would be maybe if you and
I bought a house together, because and we live there.
You know, tenants in common we each own we each
own a share depending on what the partnership agreement is,
it could be seventy thirty sixty forty, And in that
case then there is no right of survivorship. Your share

(47:41):
goes to you and your estate, and the other share
goes to their estate. So co owners have the right
of the entire property, regardless of percentage. So it's more
Tenants in common is more unified, but it's not good
for married couples. Now, Mike wink, what is the most
difficult debt to settle?

Speaker 24 (48:05):
The most difficult debt to settle tends to be business,
Certain business debts where the creditor has done a good
amount of due diligence, so they feel like they know
a lot about the business and or the individuals. So
the more that the debt is qualified, the more that

(48:27):
the creditor knows. And in certain cases, the creditor just
feels like, hey, I know this person can pay this debt.

Speaker 13 (48:33):
Yeah, because they filed like UCCS on the equipment or inventory, right, Mike, Right.

Speaker 24 (48:38):
So it tends to be different than credit card right,
because there's a certain only a certain baseline level of
qualification that a credit card lender does before granting you
the credit. Many cases, they're just soliciting you into debt,
whereas the bigger the loan, you know, you get in
the six figure lines of credit. For businesses and things,
they can also be settled, but it often then depends

(48:58):
on the financial those circumstances above the business and the guaranteur,
and then what the bank knows about those circumstances.

Speaker 6 (49:05):
Yeah, hey, real quick, Mike.

Speaker 13 (49:07):
So if this guy only had two hundred and fifty
thousand in equity and he was going to be exempt
for them taking the house, let's talk about credit real quick,
because you've seen this for people. I would argue that
doing a bankruptcy would be a lot better because, Ay,
he's getting rid of the debt altogether, the seventeen thousand.
He doesn't have a car or anything they can take

(49:28):
that's not exempt. I don't know about firearms and jewelry,
but the assumption would be he doesn't have any of that.
So bankruptcy compared to doing this, let's talk credit. I
would say in two years, he's going to have a
million credit card offers back there again because he can't
do bankruptcy again, where if he does his settlement, he's

(49:49):
got to pay half of it or whatever you can
settle for him, and he's not going to get another
credit card for maybe five years.

Speaker 24 (49:56):
Right, This is a this is a good case that
you know, sort of touches on a everything guys we're
talking about because the amount of debt that he has.
If I was having a consultation with him, I said, look,
he's different than a lot of the people I talk
to because he actually could pay his debt if he wants,
so he it sounds like he's got the money to
do it. He's also getting rid of a car and
taking an older car to survive, So you know, I

(50:17):
certainly wouldn't blame him for filing, and filing would be
the cheapest way to deal with it. And then he'll
have a you know, a couple about a year of
really tight credit and then within two to three years,
you know, you can have a seven hundred credit score
and be eligible from you know, a low interest rate mortgage.

Speaker 13 (50:33):
So yeah, a lot of people don't realize it's way
worse on a credit report having a bankruptcy on there, because,
like Mike said, a year or two years from now.
I mean your credit could be up to seven hundred again.
Credit card offers cars, whatever you want. But if you're
if you're consistently thirty sixty days late on your mortgage,

(50:53):
forty you know, four or five months plus on a
credit card, Yeah, your your credits toast Man and Mark Mark.

Speaker 5 (51:02):
Those many people have gone through debt settlement and they've
spent four and five years paying every single time, and
then no one will look at him for the next
seven years. And they're they're more penalized, as you say,
than doing a bankruptcy, more penalized, oh big time.

Speaker 6 (51:18):
And then for not paying, and I mean for reasons
for not paying.

Speaker 13 (51:21):
And one of the reasons with credit cards or unsecured
is these companies are going, look, maybe he's he's got
a house. It's definitely got some equity in it. Whether
it's in the exemption or not doesn't matter. But they
can't file bankruptcy again once you file it. That's why
your credit comes back so quick, right, Mike, Because if
you do get in debt again and you do have equity,

(51:42):
they can go snag.

Speaker 24 (51:43):
It exactly exactly. And why you guys are many time moneys.
If your credit is bad enough, bankruptcy is actually the
fastest way to rehabilitated. And that's kind of an odd concept,
but it is definitely chewing for certain types of people.

Speaker 5 (51:58):
And and Mike, is four to one zero seventeen to
twenty still a good number?

Speaker 2 (52:05):
Uh?

Speaker 24 (52:05):
Yeah, that number works. We also have that five two
three zero six two zero seventeen zero five two.

Speaker 13 (52:10):
Three And I'm sorry, I'll give that or give that
out again in a second, Mike. But one more question
just is for everybody listening, are you.

Speaker 5 (52:19):
Seeing Mark do me a favor? Mark, do me a favor.
We don't have time for the answer. I'm right to
give them more time right after the break.

Speaker 6 (52:25):
So let's do this. Come right back.

Speaker 5 (52:33):
Go with a sure thing Denver's best roofer Excel Roofing
dot com.

Speaker 16 (52:37):
You don't pay a cent until you're content.

Speaker 5 (52:43):
Time for an insurance check up free no obligation comparison
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three oh three seven
to seven to one help. You'll think you're his only
customer when you choose Frank durand the real estate Man
dot com to list your home with Max Alliance three
all three nine two zero sixteen twenty two. Hi Tom

(53:11):
Martine here three oh three seven one three talk three
oh three seven one three eight two five five.

Speaker 6 (53:17):
So Mark, you were going to ask Mike Wink from
Wink Law Firm dot Com a question?

Speaker 13 (53:25):
God, just just I'm curious. Are we seeing an uptick
a down tick? I mean, what's been going on if
we go back to when I first met you, Mike,
going back to like twoenty ten or maybe a little
after that, My god, bankruptcies were like every other person
I knew was going through a bankruptcy, generally because of

(53:45):
possible foreclosure on their home.

Speaker 6 (53:47):
I mean, those were the good old days for you guys.

Speaker 13 (53:50):
You know, you were doing so many bankruptcies you had
to turn away business.

Speaker 6 (53:54):
Where are we at now and what do you see
the future being.

Speaker 26 (53:58):
We're definitely on the uptick, probably not to where that
peak was after the nine financial crisis, but we're seeing
a lot more activities sort of steadily ramping over the
last i'd say eighteen months twenty four months, and there's
a lot of people getting sued by credit card menders.
I'm finding small business failures.

Speaker 6 (54:21):
If you had if you had to say the number
one reason.

Speaker 13 (54:24):
Now, is it just mismanagement credit card debt or is
it a small business going under? I know it's a
hodgepodge of everything, but what what do you what?

Speaker 6 (54:33):
What is your gut say?

Speaker 13 (54:34):
The main reason is people spending beyond their means like normal, right,
I would.

Speaker 26 (54:39):
Say that that the tail end of COVID led to
people incurring more debt, especially small business owners, to survive. Yeah,
And what's happened is they then went into default, and
the defaults of now age to the point where you're
starting to see legal action and and that's really what

(55:01):
pushes people to contact us.

Speaker 13 (55:04):
And a lot of people now are going to have
to start repaying these student loans forever, which you can't
get rid of in debt. So I mean that's going
to most likely make them occur debt somewhere else. How
about hospitals real quick medical bills. I know they can't
like report on your credit report for like a year
or something, but how does that look in bankruptcy? If

(55:24):
you owe a half a million dollars for a surgery
in emergency surgery, you couldn't afford or a helicopter ride
to it or something like that, How.

Speaker 6 (55:33):
Does that look these days? Does the hospital sue you
and you still got to pay it? Eventually?

Speaker 26 (55:38):
Absolutely? Absolutely, medical creditors will sue you eventually. I think
you're right that a smaller, smaller medical bills will report
on your credit. You know, that's one of those kind
of steady I don't know that's a cyclical. Is like
credit card debt and business debt and those defaults. I mean,
there's just there's just certain people who don't have the

(55:59):
right insurance cover jorin the ability to pay you know,
the high out of pocket costs. Yeah, and so you
know that's kind of a city thing. But you can
absolutely settle those debts or get a discharge on them
in bankruptcy.

Speaker 27 (56:10):
So there's ways to deal with it.

Speaker 26 (56:12):
And we see, you know, we see a lot of that,
But like I said, I don't know that that's driving
the current.

Speaker 6 (56:17):
You know what I got.

Speaker 13 (56:18):
I got a friend or I should say an acquaintance
or a neighbor, he was telling me the other day.
So in three months his furniture from American Furniture comes
due or else, all the interest kicks in from day one,
which in his case was like one year, eight months ago.
So his twenty thousand bucks in furniture is going to
be like fifty grand and he hasn't He's made just

(56:39):
some minimum payments on it.

Speaker 6 (56:41):
But it all comes due.

Speaker 13 (56:42):
His tires come due like this month, and then his
roof repairs come due in about six months.

Speaker 6 (56:51):
And how many people do you think do that they
put off?

Speaker 13 (56:54):
They put all this interest off for one or two years,
and all of a sudden, you owe one hundred thousand
bucks or else's interest is kicking in at twenty nine percent.

Speaker 26 (57:05):
Yeah, yeah, I mean that sounds like a real like
triple adrupo whae. I mean, I'm not sure that that's
the most common example, but it's definitely it's indicative of
the fact. And again COVID kind of contributed to this
where you were able to put certain things off like
pseudo loans right and not.

Speaker 24 (57:21):
Rank payments to start paying them right right.

Speaker 26 (57:24):
And so we do see that, and I think that's
what is driving the market, is just like certain things
are come and do now and then, and not only that,
but people are in default on them.

Speaker 13 (57:34):
And I do want to I want to ask you
about some place Doc was going to go. I probably
have in doc place I mean, join him, but let's
let Mike do it, you know, putting guilt on someone. Hey,
you got the money, you owe it. Well, let's talk
about Trump. I love Trump, but here's the reality. He
did a ton a ton of bankruptcies with his businesses.
Because that's part of our code. Why wouldn't you use that?

(57:56):
Everybody uses it. You'd be insane not to play. Yeah,
I'm not saying.

Speaker 6 (58:00):
Play outside the rules.

Speaker 13 (58:01):
But if you can make all your debt go away
and make your credit card situation better in a couple
of years, and make your life better for that matter,
and that's part of the rules this country's set up.
I don't see any problem doing that whatsoever. I would
never feel guilt about it because everybody's done it, or
anybody that needs to. In fact, i'd say people that

(58:24):
wouldn't consider it wouldn't do it and actually end up
paying more money, hurting their credit, not being able to
buy their kids stuff, not being able to go on
a vacation because they decided not.

Speaker 6 (58:34):
To do it. I think they're the ones that are wrong.

Speaker 13 (58:37):
So, as a bankruptcy attorney, i'd like your opinion on that.

Speaker 26 (58:40):
Well, it's a good topic. I mean you know, part
of what our job is is almost part therapist to
help people come to grips with the need for debt relief.
And I think that part of the issue is that
when they can't pay their debt, they've already achieved, they've
already got the problem, but they view bankruptcy as the problem,
when bankruptcy is actually the solution. Most people who file.

Speaker 24 (59:03):
The vast majority of people who file, are feel terrible
about it.

Speaker 26 (59:06):
They never wanted to be here, was they there was
their fault or not, it doesn't matter. Still, they didn't
plan on it right, and so coming to gritsuy is
a difficult thing. What I like to point out number
one is, like you said, the law is there, right,
so why not take advantage of the law.

Speaker 24 (59:21):
And then number two, which.

Speaker 26 (59:22):
I think is also important to look at, is the
borrower is in a personal dilemma. Well, the bank doesn't
view that things that way. They enforce their rights legally,
and so I try to get people to think in
those terms. You're not you know, you're taking this personal,
but for the bank, you're just the number, you know,
and they're not going to necessarily, you know, feel for

(59:44):
you based on your hardship.

Speaker 24 (59:45):
They aren't going to necessarily just forgive your debt.

Speaker 26 (59:48):
And when it comes to banks for your family and
your future.

Speaker 13 (59:51):
When it comes to bank side, even go a step
further and say, these are the same organizations that I'll
just take my lifetime. I remember it to peer of time,
where my goodness, if we were three dollars short in
our bank account, we'd owe them one hundred. We'd be
negative in the hole on a ten dollars check when
we were in our teens. I mean, I remember banks
putting the screws to me in my late teens in

(01:00:15):
early twenties, like you couldn't believe. Then credit card dead
to twenty nine percent, showing up on campuses and basically
ramming credit card down these kids' throat because they get
a free CU sweatshirt if they sign up for a
credit card.

Speaker 6 (01:00:29):
My god, they're asking for the problem. They are the problem.
Mark faked.

Speaker 5 (01:00:34):
Thank you very much, we got We gotta take a break.
I'm Tom Martine more on the Troubleshooter Show.

Speaker 12 (01:00:39):
Coming up.

Speaker 5 (01:00:46):
Go with a sure thing Denver's Best roofer Excel roofing
dot com. You don't pay a cent until you're content.
Time for an insurance check up free, no obligation. In comparison,
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three all three seven
seven to one help. You'll think you're his only customer

(01:01:07):
when you choose Frank durand the real estate Man dot
com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two.

Speaker 6 (01:01:24):
Hi Tom Martine here three O three seven one three
talks seven one three eight two five five. Uh.

Speaker 5 (01:01:31):
John has another question for Mike Wink from the Wink
Law Firm Winklawfirm dot Com. Go ahead, John, And then
we have Robert who also has a question.

Speaker 6 (01:01:41):
Go ahead John.

Speaker 22 (01:01:43):
Uh Yeah, Mike. So I'm just curious, like, working with you,
the likelihood Dad's gonna get cut down, and like, what
are the consequences if it doesn't. I go to sure sure.

Speaker 26 (01:02:00):
Very very high likelihood that you're going to achieve the
debt relief that we're that we're selling you and the extemp.
There's a range of outcomes. I will point that out.
The types of debt that you're not going to get
out of typically would be like what would be considered
like civil theft. You know certain you know, certain kinds

(01:02:25):
of domestic support obligations, certain kinds of taxes. But we're
very good at identifying on the front end before you
even retain us. You know what you can get relief
on and what you can't, and if you can't, well
we'll tell you that, okay, And then and then the
consequences tend to be that. You know, we talked about bankruptcy.

(01:02:47):
After you file bankruptcy, you're going to have really tight
credit for six to twelve months, and then it's going
to loosen up, and then within two to three years
you're going to have very very good credit. If you
just do things to improve your credit, like get a
credit card and use it and pay it every month,
that's like the best thing you can.

Speaker 24 (01:03:03):
Do, and you know, pay it on time, of course.

Speaker 26 (01:03:07):
And if you're settling debt, we kind.

Speaker 24 (01:03:10):
Of talked about that too.

Speaker 26 (01:03:11):
While you're settling, your credit kind of suffers. Maybe it
doesn't go as low as it goes when you file bankruptcy,
but it might sort of suffer for longer. I kind
of say bankruptcy is like a surgery on your credit,
where settlement is like a homeopathic solution, so you might
be a little sick longer, even though you might not
be quite as weak as you'd be after surgery. But
in both cases, once it debts relieved, your credit will improve.

Speaker 22 (01:03:34):
Gotcha. Okay, Yeah, I'm not too worried about the credit card.
I prefer just to go without any credit cards for
the time being, obviously. But yeah, so like a love
some payment at some point, and I just don't want
to go backward like not paying this credit card company.
But they can obviously see that I'm getting nowhere with it.

Speaker 24 (01:03:55):
So yeah, I mean that's the thing.

Speaker 26 (01:03:58):
When you're on that financial treadmill of minimum payments, you
know that you're you know, you're not getting out of debt,
and the cost of the debt then becomes like a
multiple of it, like one hundred and fifty two hundred
percent when you paid overtime.

Speaker 22 (01:04:13):
Absolutely Okay, Tom, Mike Mark, thank you so much.

Speaker 5 (01:04:16):
All right, see you man, thank you for and uh,
we have another question for you or another issue.

Speaker 6 (01:04:24):
Let's talk to uh, let's talk to Robert. Go ahead, Robert.

Speaker 19 (01:04:31):
Yeah, hi, Tom, thank you for taking my call. Uh,
mister wink, I understand that it inherited Ira is attachable
when filing a bankruptcy.

Speaker 22 (01:04:43):
Is that correct?

Speaker 26 (01:04:45):
That is that is so so Almost all retirement accounts
are protected, even ones awarded in a divorce.

Speaker 25 (01:04:52):
But when you inherit, when you lose that protection, there
may be ways to roll it over in to an
IRA in your name and thereby achieved protection.

Speaker 26 (01:05:05):
So that's something we could look at. But the starting
point would be if you inherit an IRA, it's not
a protected asset.

Speaker 20 (01:05:13):
Okay, well say, I.

Speaker 19 (01:05:17):
Appreciate your help. The second part of the question would be,
I live in Phoenix, will be moving back to Colorado.
I understand you have to have residency in the state
for three months, is that correct prior to filing bankruptcy
in that state?

Speaker 17 (01:05:31):
Correct?

Speaker 26 (01:05:32):
I mean it's it's not quite that formal, but three
months does the trick?

Speaker 6 (01:05:37):
Really?

Speaker 26 (01:05:37):
The better part of ninety days, even fifty days is
just efficient?

Speaker 19 (01:05:43):
Okay, thank you all, reach out all right the process,
Thank you sir, Thank you all right.

Speaker 6 (01:05:49):
Now Parker has a comment on bankruptcy.

Speaker 28 (01:05:52):
Go ahead, Parker, Yeah, Hi, Tom, and miss Rinky.

Speaker 27 (01:05:58):
What mister Rink was saying there ran into that. During
the two thousand and nine the ball play, my dad
and I had had a building that we had with
our business and uh, you know, our company lost like
about a million and a half dollars in about a
nine month period just due to losing some big customers
that we had, you know. And I'll tell you what,

(01:06:19):
you know, we he mister wink is right.

Speaker 28 (01:06:21):
I mean, the banks really do not care, you know,
on a personal level. You know, we tried everything to
work with them to you know, keep from having to
take a bankruptcy, but they you know, we just couldn't
work with them. It was just a matter of you know,
either pay or you guys, we're gonna go. We're gonna
foreclose on your building here, you know, ultimately.

Speaker 5 (01:06:42):
And Mike, why do you think, Mike, why do you
think that attitude prevailed?

Speaker 2 (01:06:46):
Then?

Speaker 6 (01:06:46):
What what tell me what you think?

Speaker 26 (01:06:49):
Well, I think it's a it's a good question because
there's definitely times when their aggression leads to them getting
less than they would have if they would have worked
with you, especially if you're a good candidate for bankruptcy.
I think that there's also situations where the debtor is
buffaloing the creditor and has more means to pay, and

(01:07:12):
you know, the creditor doesn't know, right, They really don't
know what's on the other side, and so I think
that part of the reason they take the the tactic
of we're going to run our collection playbook regardless of
what you say, is that they don't believe you or
they can't you know that. They just bright that that
a better, better way to go, and it's hard to

(01:07:32):
get them out of that playbook. I've tried a lot,
and very few times have I ever had success with it.

Speaker 6 (01:07:40):
All right, Mike Wing, thank you very much.

Speaker 5 (01:07:42):
Wink Law Firm dot com eight eight eight Now Wink
go with a sure thing Denver's best roofer Excel Roofing
dot com.

Speaker 16 (01:07:56):
You don't pay a cent until you're content.

Speaker 5 (01:08:00):
Leave time for an insurance check up free no obligation
comparison call Compass Insurance. Pay too much your coverage at
dozens of insurance companies find out now three oh three
seven seven to one help. You'll think you're his only
customer when you choose Frank durand the real estate Man
dot com to list your home with Remax Alliance three
all three nine two zero sixteen twenty two.

Speaker 21 (01:08:23):
Yeah, rip.

Speaker 2 (01:08:30):
New you needed that, so you don't have to run
inxious stas as you can.

Speaker 3 (01:08:38):
Shooter's gonna help.

Speaker 21 (01:08:40):
Come.

Speaker 6 (01:08:42):
Six is the Troubleshooter Show.

Speaker 5 (01:08:45):
No, Tom Martine, Hey Tom Martino here, Welcome to the show.
Three oh three seven to one three talk three oh
three seven one three eight two five five. All right,
So bo I understand you have a follow up on
a kid you're working on.

Speaker 8 (01:09:01):
Yes, actually, Choppers case we're working on together. Came in
Tuesday at eleven forty five. The caller's name is Bonnie
She and she.

Speaker 5 (01:09:10):
On March eighth, she bought a twenty thirteen cheap Wrangler
one hundred and seven thousand miles from Automation Subaru. After
a month, check engine light came on. It was low
on oil. She added oil, but it did not clear
the code. Some friends checked that out, told her no
problems on oil solenoid. Solenoid she finds out failed. She
has a ten year unlimited mileage warranty. She paid thirty

(01:09:33):
one hundred and ninety eight bucks for the warranty. Is
denying the claims, saying the reason that oil solenoid went
out is because she was low on oil.

Speaker 12 (01:09:42):
Yeah, they were.

Speaker 10 (01:09:42):
Saying that she ran the vehicle out of oil.

Speaker 8 (01:09:46):
Yeah, so apparently she they drove after twenty five hundred miles,
it did lose three and a half quarts of oil.

Speaker 10 (01:09:53):
That's a lot, so they were not She took it
over to auto I believe is the Chrysler Jeep dealer.

Speaker 8 (01:10:02):
I don't know what was going on there, but the
warranty claim and the dealer wouldn't do anything about it.

Speaker 10 (01:10:08):
They were accusing her of running the vehicle out.

Speaker 6 (01:10:11):
Of and they had no evidence of that.

Speaker 10 (01:10:14):
Right.

Speaker 8 (01:10:14):
So apparently someone from the AutoNation dealer was listening to
the show Tuesday and we made a few inquiries. That afternoon,
the service manager, Matt Klick, called Bonnie and said to
bring the vehicle in that they were going to conduct
an oil consumption tests on the vehicle and if they

(01:10:38):
could prove this, then they're going to go back. They're
going to step up and go back to the warranty company.

Speaker 6 (01:10:45):
Did they do it yet, Bonnie, I'm sorry, she.

Speaker 9 (01:10:49):
Was going to take the vehicle, kay.

Speaker 10 (01:10:52):
So this is a step in the right direction.

Speaker 8 (01:10:54):
Now they're admitting that they need to do something because
this warranty was an expense.

Speaker 6 (01:10:59):
But how would an oil consumption test help her?

Speaker 8 (01:11:03):
I think the oil consumption test would prove beyond a
doubt that she wasn't She didn't run it out of oil,
that is using oil.

Speaker 10 (01:11:11):
I mean, I mean, you're right.

Speaker 8 (01:11:12):
They need they need to start somewhere instead of just right.

Speaker 5 (01:11:15):
Okay, Well, at least now she's getting some action, and
that's better than nothing.

Speaker 8 (01:11:19):
Because of the show that they're going to take some
sort of action and if they can get this verification
of the consumption, then hopefully they warrant you will kick
in and do the engine repair.

Speaker 5 (01:11:30):
Now, there are a lot of people up in arms
about a summer camp for kids, and I don't know
if this is real news or not, but I think
it is because I went to Boulder.

Speaker 6 (01:11:41):
Valleyhealth dot org teen.

Speaker 5 (01:11:44):
Clinic sex said it's the sex Ed Summer Camp. And
I've gotten a lot of messaging on the show here
saying what do I think of it.

Speaker 6 (01:11:55):
I haven't had a.

Speaker 5 (01:11:56):
Lot of time to digest it, but according to this pamphlon,
looks like it comes from Boulder Valley Health Center. They
do all kinds of services, including abortions and all kinds
of other things like STDs and prevention and all that,
and they're going to have a sex summer camp, and
it says learning ourselves in our world. This justice rooted

(01:12:21):
camp will help guide your young people in navigating their
changing bodies and this changing world. They will talk about
bodies beyond the binary, the mysteries of puberty, feelings and
how to navigate them, consent and communication, and so much more.

(01:12:42):
This is for grades fifth, sixth, seventh, and eighth. And
it says that the title of the camp make you
feel squirrely. If so, you this might be a perfect
camp for you or for your kid. Said, summer camp
is everything your camper won't always get to learn in school.

Speaker 6 (01:13:04):
Some topics will include bodies beyond binary, and then they
go on for all the rest, of course.

Speaker 5 (01:13:09):
Join us at one of our caregiver meetings to find
out more. So, I I'm not reading anything shocking, I
think if you have, I mean, but if you have
conversations with your kids at home outside education is going
to be an adjunct to that.

Speaker 6 (01:13:28):
It doesn't sound What do you think? Anybody? Mark? What
do you think of this class? Our mark?

Speaker 5 (01:13:33):
Orsue's Mark's not there right now? Anyway, I've been I
sent so many people have sent me this brochure because
they feel it's not appropriate.

Speaker 7 (01:13:42):
I don't think Tom, you know, in my opinion, based
on what you just read, that sounds like it's just
over the line between sex said and actual grooming.

Speaker 6 (01:13:53):
Grooming whoa.

Speaker 7 (01:13:55):
For aberrational sexual activities with minors. There is absolutely no
stranger out there who belongs in this kind of a
conversation with somebody else's child.

Speaker 9 (01:14:06):
And that age.

Speaker 7 (01:14:07):
Is way too early to start talking about, not by
non binary and transition and sexual afficilities for anybody but parents.
So these are adults that are sticking their nose exactly
where it doesn't.

Speaker 6 (01:14:22):
Why do you think they're doing it?

Speaker 5 (01:14:23):
Why is there such an emphasis nowadays about getting to
our kids? Honest to god, why is there such I
don't understand it.

Speaker 6 (01:14:32):
I mean, do you truly think they want to groom them?

Speaker 5 (01:14:34):
I refuse to believe that a bunch of adults got
together and said, let's groom these kids so they're more amenable.

Speaker 9 (01:14:39):
This is perverted.

Speaker 7 (01:14:40):
I mean, if somebody really wants to educate young kids
of the age that you just described, there are so
many more appropriate topics for strangers and teachers to discuss
with children.

Speaker 9 (01:14:52):
But to me, talking about.

Speaker 12 (01:14:54):
This is voluntary.

Speaker 11 (01:14:56):
It's not a school sponsored or a state sponsored.

Speaker 6 (01:15:00):
No, it is voluntary.

Speaker 7 (01:15:01):
Voluntary, but I'm talking about perverted adults sticking their nose
into strangers children's private business, and that nose does not
belong there.

Speaker 9 (01:15:11):
Voluntary.

Speaker 6 (01:15:12):
So well yeah, okay, well what do you think about it?

Speaker 2 (01:15:17):
Doc?

Speaker 6 (01:15:17):
What do you think about it?

Speaker 12 (01:15:18):
I I agree with Dimitri.

Speaker 6 (01:15:22):
Okay, okay, So.

Speaker 7 (01:15:23):
According to you too, you know your your your comments
sounded more accusatory than in.

Speaker 5 (01:15:28):
No, no, what he meant was what he meant was
that we all have our own voice on this, and
he agrees with you. But I mean, so here's what
I want to know. Why are people up in arms
about this? If it's voluntary, don't send your kid?

Speaker 6 (01:15:41):
I mean, I mean are you saying are you saying that.

Speaker 5 (01:15:44):
Other kids shouldn't have? What if other parents want their
kids to see this? So anyway, that was my point.
You know what, and here's a thing it's going to
be let me just I just finished ahead.

Speaker 12 (01:15:58):
It's going.

Speaker 11 (01:16:00):
It's going to be woke parents who want their children
to be woke. And if they didn't go to.

Speaker 6 (01:16:05):
And they have a right to do it, they would
they would.

Speaker 12 (01:16:07):
Get it at home.

Speaker 11 (01:16:08):
So it really to a point because the only people
that are going to be sending their kids there are
people who already believe in this nonsense.

Speaker 5 (01:16:17):
Okay, And one thing I wanted to mention, they're they're
seeing from emails that I get from friends and colleagues
and people who just send me stuff. There seems to
be a fear out there amongst conservatives that somehow the
schools and the liberal agenda wants to groom your children

(01:16:41):
to accept brands gendering more than ever before. It's it's
a major topic. And and I want to know Mark, No,
Mark's not here, sus.

Speaker 6 (01:16:53):
Can you do a poll? Do you know how to
do a poll?

Speaker 2 (01:16:56):
Do?

Speaker 6 (01:16:58):
Let's do a poll on YouTube.

Speaker 5 (01:17:00):
Do you believe that the liberal agenda and school system
is to do you believe the agenda of the of
liberals and the school system is to groom your children
to accept and to encourage transgendering.

Speaker 6 (01:17:22):
I'm curious again.

Speaker 5 (01:17:24):
I'm not waving a flag here or trying to tell
you what to do. All I'm saying is what do
you think? Do you think there is a concerted effort?
You know, look at all the stuff going on outside
of schools and inside schools even but it almost likes
they're trying to indoctrinate our children.

Speaker 9 (01:17:43):
Not almost there's brainwashing going on, but a lot.

Speaker 5 (01:17:47):
Of people would say that's happening with conservatives or the
Christian right, you know, the same kind of thing, only
the other side.

Speaker 6 (01:17:54):
It's also brainwashing. Again.

Speaker 5 (01:17:56):
I think parents and family see were melting pot in
America other than and I don't think anybody liberal or
conservative truly believe in discrimination and hate.

Speaker 6 (01:18:08):
I don't.

Speaker 5 (01:18:09):
I think those are weapon words used by each other
to make them look bad. I think that if we
can agree that we're not coming from a position of hate,
then we should be able to groom our own children.
Our children should be brought up with our system of values.
That's what families are, and different families have different values.

(01:18:34):
One family can't dictate another family. Okay, that's where I stand.
I mean, why is there a concerted effort with these
story times and morality plays and summer camps. Why is
there a concerted effort to try to groom our children?

Speaker 6 (01:18:54):
Or is there not?

Speaker 5 (01:18:54):
Maybe I'm exaggerating, you're saying, you're saying there's brainwashing.

Speaker 6 (01:18:59):
I'd like to know, sus.

Speaker 5 (01:19:00):
If you can put up that poll, we'll find out
right after this, I'm Tom Martino. More coming up, Go
with a sure thing Denver's best roofer Excel Roofing dot com.
You don't pay a cent until you're content. Time for

(01:19:22):
an insurance checkup free, no obligation. In comparison, call Compass
Insurance paying too much your coverage at dozens of insurance
companies find out now three all three seven to seven
to one.

Speaker 6 (01:19:32):
Help.

Speaker 5 (01:19:32):
You'll think you're his only customer when you choose Frank
durand the real estate Man dot com to list your
home with Remax Alliance three three nine two zero sixteen
twenty two. Hi, Tom Martine, your troubleshooter. Let's talk to Chris.
Hey Chris, what's going on with you?

Speaker 20 (01:19:54):
Yeah? Hey, time, I just want to Chris comment on this.

Speaker 5 (01:19:59):
Yes, do you think our children are being groomed? Do
you think our children are being groomed?

Speaker 2 (01:20:07):
Yeah?

Speaker 22 (01:20:08):
It's and that's why this summer camp exists. This stuff
is selling like hotcakes right now.

Speaker 12 (01:20:14):
Totally.

Speaker 5 (01:20:15):
Wait, I think, don't you think they're being more rejected
than accepted?

Speaker 22 (01:20:22):
Well, well, I guess that that that. We'll have to
wait and see if they make any money on this
disgusting endeavor.

Speaker 6 (01:20:30):
I'm not sure they're doing it for money. I don't know,
you know, I don't get it anyway.

Speaker 5 (01:20:34):
There are so many people now that believe that they
have a right to raise our children.

Speaker 6 (01:20:39):
The school system. Do you know there were school.

Speaker 5 (01:20:42):
Systems under the Biden administration, The Department of Education classified
parents as domestic terrorists, as possible domestic terrorists because they
wanted to they wanted to have a say in their
son and daughters.

Speaker 6 (01:21:00):
Activity at school and right.

Speaker 5 (01:21:04):
I don't know if it is like this now, but
it was under the Biden administration.

Speaker 6 (01:21:08):
And I read posts from girls, real girls. This happened to.

Speaker 5 (01:21:12):
They're in their locker room and a boy walks in
and takes off his clothes, fully a boy, but he
calls himself a girl.

Speaker 6 (01:21:20):
And he has never once, never, ever, ever done that
in all the previous years. You know.

Speaker 5 (01:21:25):
Now people can say, well, now it's accepted, that's why,
and that's a good thing. But I mean, not even
the commitment of a sex change operation or hormones. Just
a full blooded boy saying I'm a girl and everyone
accepts it. Whoever heard of such a thing. That's the
part that gets me. Do you know they were getting
people going to prison. And if the man said I'm

(01:21:47):
a woman, it didn't matter if he ever lived as
a woman for a second in his life, they would
believe him and he could go to a woman's prison.

Speaker 6 (01:21:56):
Now that's sick.

Speaker 5 (01:21:58):
But I think the big problem, the really the biggest
problem is I want people to live and let live.
But I believe there's a certain fairness, and it's it's
killing female sports. That's the part that bothers me, is
that you can live the way you want, But why
in God's name would you take a girl's worked her
ass off for all of her life and she gets

(01:22:21):
beat out by some rank male who couldn't make it
in the male world. It just it's just it's it's
amazing to me that the women's see this, the women's
lib movement from years ago.

Speaker 6 (01:22:35):
You know, it's nothing like it used to be. Nothing, nothing.

Speaker 5 (01:22:39):
They've become so woke they have forgotten to protect their
own people, and and it has stound The whole thing
astounds me. I don't mean to make a speech, but
it astounds me. And it should astound you too, one
way or another.

Speaker 6 (01:22:52):
You should be.

Speaker 5 (01:22:52):
Either highly in favor or against it. But you can't
stay neutral on that three oh three seven one three
eight two five five. Go with a sure thing Denver's
best roofer Excel Roofing dot com.

Speaker 16 (01:23:10):
You don't pay a cent until you're content than.

Speaker 5 (01:23:16):
Time for an insurance check up free no obligation comparison
call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three oh three seven
to seven to one help. You'll think you're his only
customer when you choose Frank durand the real estate Man
dot com to list your home with Remax Alliance three
oh three nine two zero sixteen twenty two. Hi Tom

(01:23:40):
Martine here three O three seven one three talk seven
one three eight two five five. So if you have
a problem, question or complaint, make sure you give us
a call, and if not, just listen and be smarter
for it. I began talking about scams on my show earlier,
and this this has been since COVID. There has never

(01:24:03):
been a period in time when there are these many
scams going on, and I kind of outlined some scams here.

Speaker 6 (01:24:10):
I want to go over it, and.

Speaker 5 (01:24:11):
I would love for you to expose scams if you
were even if someone attempted to scam you, or if
you know of a scam better Yet, the best call
in the world would be if a scammer, a con
artist calls me and says, yeah, I'm one, and here's why.
I would absolutely love it. But I'm gonna give I'm
going to go over some of them now. The bank

(01:24:34):
access scams, the bank account access access scams, we all
have seen them right or heard about them. That's where
somehow they want to gain access to your bank account
through a phishing expedition. So what does that mean. Well,
they can do it with a PC scam, they can
do it with a all kinds of scams, a check scam,

(01:24:55):
they can do it with, Oh we debited your account
by mistake, we have to put them money back in.

Speaker 6 (01:25:01):
There are so many excuses they give.

Speaker 16 (01:25:04):
And never ever, ever, ever, ever, ever, ever, ever.

Speaker 5 (01:25:08):
Will a bank employee ask for access to your account.

Speaker 6 (01:25:11):
Ever.

Speaker 5 (01:25:12):
They will never be on the phone with you to
do that. They won't do it by phone. They won't
even do it in person. If someone knocked at your
door and said, I'm from the bank and we need
access to your account.

Speaker 6 (01:25:22):
No one will ever do that. They have access to your.

Speaker 5 (01:25:24):
Account, so bank account access scams. If anyone wants any
kind of exposure access numbers to your bank account, just
say no. Never ever, ever, there's no reason. The only
time you do your your your routing number and account

(01:25:45):
number to someone is if it is a respectable online portal,
like let's say you want it to take an ACCH
payment out to pay your electric bill or something like that.
You can enter those into your login portal and make
all payments, but be very careful that you're on the
real portals.

Speaker 6 (01:26:04):
It's very, very dangerous.

Speaker 5 (01:26:06):
So bank account access scams, my god, are they dangerous?
Because again, do you know you're going to excel the
real site to put in your bank information. There are
a lot of clone sites out there. There are ways
to read URLs to see that you're in the true website,
so listen. I've gotten texted before and went on the

(01:26:32):
link and been tricked before on certain things. Never did
I get any money stolen because I realized it was
a scam because they always come up with clever ways
to get you to link. You should never ever press
a link on a text ever, never ever, ever, unless
and even if it's from a friend of yours. They

(01:26:53):
are even cloning or hacking into your friends and sending
out bad links.

Speaker 6 (01:26:58):
What were you gonna say.

Speaker 12 (01:26:59):
Doc, Ever, ever.

Speaker 11 (01:27:02):
Allow someone to use a program called any desk. Any
desk allows the scammer total access to your computer and
all your files, so anytime something.

Speaker 5 (01:27:15):
There are other remote programs as well, though, Doctor, Okay,
I say don't let them.

Speaker 6 (01:27:22):
Use any I mean any kind of access to your
PC ever ever?

Speaker 5 (01:27:30):
Three oh three seven one three talk seven one three
eight two five five.

Speaker 6 (01:27:33):
Now that's just one scam.

Speaker 5 (01:27:34):
Bank account access scams which takes on many forms. Okay,
so it's one major category, but takes on many forms
more coming right up on the Troubleshooter Show. Listen to this, Okay,
Dan McKenzie, will do a will, a trust. He can
keep you out of probate. Or if you're facing probate,
someone just died, or you found out you have an illness.
Maybe you need something in a hurry. Maybe you just

(01:27:56):
need a simple will. Dan McKenzie, McKenzie law. He's a
great and here's where you can reach him. Eight three
three co plans It's that easy for Colorado three eight
three three co plans or co plans dot co go

(01:28:16):
with a sure thing Denver's best roofer Excel Roofing dot com.
You don't pay a cent until you're content. Time for
an insurance check up free, no obligation. Comparison call Compass
Insurance paying too much your coverage at dozens of insurance
companies find out now three oh three seven seven to
one help. You'll think you're his only customer when you

(01:28:39):
choose Frank durand the real estate Man dot com to
list your home with Remax Alliance three oh three nine
two zero sixteen twenty two.

Speaker 6 (01:28:49):
I I'm Tom Martino. You're a troubleshooter DJ. What's going
on with you?

Speaker 29 (01:28:53):
DJ?

Speaker 6 (01:28:54):
How can we help you?

Speaker 20 (01:28:58):
Question? Vise a card?

Speaker 6 (01:29:01):
There you are? Go ahead. Yeah.

Speaker 20 (01:29:04):
So this was a music merchant, so UH paying for
music lessons. So we were we were going back to
the same place. We agreed to. UH pay on a
come as you go basis, like when you have a
lesson pay So yeah, I think it would. So it's

(01:29:27):
been squared away. The merchant isn't burtantly. UH kept my
credit card information and UH I went to a lesson.
They were busy. I didn't pay afterwards, so they they
charged it and that's okay. But I didn't like him.

(01:29:49):
He never asked me if they could keep my credit
card information, and.

Speaker 21 (01:29:56):
They in it burtontly in it burtantly. They had a
recurring charge of two hundred and ten dollars that came
on my account that had nothing to do with me,
And so I called them and we ironed it out,
and since then I've moved forward.

Speaker 20 (01:30:14):
But I'm not doing business with them for some other reasons.

Speaker 21 (01:30:18):
But my question is, how about a credit card?

Speaker 22 (01:30:22):
Tom?

Speaker 20 (01:30:22):
For forty eight years I've had credit cards. I've never
had a merchant keep my own. I think they made
a mistake, but I've never had a movie.

Speaker 6 (01:30:31):
Well hold on now, DJ hold on.

Speaker 5 (01:30:35):
In almost every credit card transaction I do, there's a
little checkbox that says keep for future payment.

Speaker 6 (01:30:42):
Question mark.

Speaker 5 (01:30:43):
Now, sus with us, isn't there a regulation on how
you keep credit card information? And if you keep it,
and don't you have to get permission to keep it?

Speaker 6 (01:30:52):
Do you deal with that sometimes? Right, Susan?

Speaker 30 (01:30:55):
I mean you have to stay compliant with the merchants
that you use. And yes, Tom, you can't just store.
You can't willy nilly store credit card information, that's for.

Speaker 5 (01:31:04):
Sure, Right, you have to give specific pormation US permission
to store your credit card information.

Speaker 6 (01:31:12):
Yes, and you've never done that.

Speaker 30 (01:31:14):
No, I don't get permission. But most of it's coded
like GJDJ.

Speaker 5 (01:31:19):
Might have done it without knowing it, because sometimes when
you when you're filling stuff out, it says sometimes to
opt out of it. You know, it's tricky, So you
could have filled out something that said they had the
right to do that.

Speaker 20 (01:31:35):
I never filled out anything, so it was just over
the counter with the computer jazz like.

Speaker 6 (01:31:41):
Listen to this. I believe it was I believe it
was years ago. It was direct TV. Listen to this one.

Speaker 5 (01:31:47):
A dad helped out his daughter and paid her direct
TV bill or it could have been cable for some reason.
I'm remembering direct TV, and so she then paid him back.
She is an adult daughter. Sometime down the road she
got into financial trouble again and there was an amount
passed due. They took it out of his previous credit card,

(01:32:10):
and there was little small print for anyone who made
a payment on that account, mostly the account holder they
meant it for, but for if you were making a
payment on that account, you agreed by making this pay
by cricket card that any future death is it could
be taken from it. So who knows what you signed
DJ But it's a good thing you discontinued business with them,

(01:32:31):
and that's a wise thing to do.

Speaker 6 (01:32:33):
You have to really be careful.

Speaker 5 (01:32:35):
You know, there are these services now True Bill and
stuff like that on that you can download these apps
and they crawl your credit card bills. Now, those alone,
I get spooked about because they want to know your
user name and pass where, and they get into your
credit card. But they apparently say they're going to find prescriptions.
You didn't even know you had subscriptions. You didn't you

(01:32:57):
know you had things that you pay on a regular
basis that you know you had. And they say it's
a very prevalent problem that almost every credit card holder
will have monthly charges on there they never check or
know about.

Speaker 6 (01:33:09):
Now I do, because of sues.

Speaker 5 (01:33:14):
But she doesn't do. She does our business cards, she
doesn't do my personal ones. I fear there's so much
junk on my personal card. I fear to look at it.
I mean so much junk, meaning that I didn't authorize.
I get texts once in a while, Did you authorize this?

Speaker 6 (01:33:31):
Did you authorize that?

Speaker 2 (01:33:33):
No?

Speaker 5 (01:33:33):
No, what I mean, is this I charge so much
it's hard for me to go.

Speaker 6 (01:33:37):
Through and remember every one of them. And they're not.

Speaker 5 (01:33:40):
All just obvious, like if you buy a cup at
the cup store, it might come through as you know,
Porcelain Unlimited.

Speaker 6 (01:33:47):
I don't know. I mean the name of the company.

Speaker 5 (01:33:49):
Doesn't always match what you shopped or where you shopped.

Speaker 6 (01:33:52):
It doesn't always do it. Yeah, and it's hard. So
I need sus.

Speaker 5 (01:33:57):
I need to hire suits and start going over my
private stuff as well, because she's like the bomb when
it comes to she's like, Radar, what did you do
this charge for? She's found more crap on me. So anyway,
that's what we need to do. We need to be
more vigilant. For sure. We got more coming up on
the Troubleshooter Show. Oh we're all done with brakes. I'm

(01:34:20):
happy about that, Brooke White.

Speaker 6 (01:34:22):
I got a.

Speaker 5 (01:34:22):
Text about solar somebody said specifically they want to know
about the REAP grant. They thought it was only rural businesses.
Go ahead, elaborate on that. This is for anyone in
business who is thinking about a solar system.

Speaker 6 (01:34:36):
They want to know about that. Go ahead.

Speaker 2 (01:34:38):
Yeah.

Speaker 14 (01:34:38):
So unfortunately, the REAP grant was a federal grant and
that has been put on hold with.

Speaker 15 (01:34:45):
A couple of the federal grant program.

Speaker 5 (01:34:47):
Oh because wait a minute, because of Elon so.

Speaker 6 (01:34:51):
Rich, which would be weird.

Speaker 14 (01:34:53):
The state has a micro grid grant that anybody can
apply to. It's not depending on location, it's dependent on
what that solar field will provide power to. It goes
up to two and a half million, where it would
do fifty percent of the project or twenty five percent
of the project, depending on how big the project is.

Speaker 6 (01:35:15):
Oh so this is still a pretty good program.

Speaker 15 (01:35:17):
Yeah, it's it's a great program.

Speaker 14 (01:35:19):
It's actually better than the rep grant program because it's
not dependent on can you get.

Speaker 6 (01:35:23):
One hundred percent? Can you get one hundred percent done?

Speaker 2 (01:35:27):
Uh?

Speaker 14 (01:35:27):
So, let's say the project's one hundred thousands. It's the
exact same setup as the REAP grant, So the bare
minimum you would get back would be one hundred and
thirteen percent of the projects So one hundred and thirteen
thousand to do it plus the income.

Speaker 5 (01:35:43):
Are there people, Brooke, are you telling me there are
really people who get a solar system paid for with
a government grant and put cash in their pocket?

Speaker 2 (01:35:52):
Yeah?

Speaker 15 (01:35:52):
Absolutely, one hundred percent.

Speaker 6 (01:35:54):
Liar, liar, pants on fire? Are you kidding me? Really?

Speaker 17 (01:35:57):
Yeah?

Speaker 5 (01:35:57):
Really, it's incredible. Why would the government allow that overpayment?
Why do they allow it?

Speaker 15 (01:36:08):
Why were the rules set up that way? I think
it's the same way to say, why I were bankruptcy
rules set up that way?

Speaker 14 (01:36:13):
I mean, okay, so in another word, I can't dictate
you apply it and you.

Speaker 6 (01:36:17):
Don't have to do anything fishy at all.

Speaker 5 (01:36:19):
If I have a business, agriculture or regular business, and
I apply for this grant and the system costs me
one hundred grand, I can literally put in a I
can get one hundred and thirteen and put thirteen in
my pocket.

Speaker 2 (01:36:33):
Yep.

Speaker 14 (01:36:33):
Absolutely, as long as you've got the tax liability, the
grant will cover fifty percent of the project or twenty
five again, depending on the size, and the government benefits
will either cover between sixty four percent of the project
or ninety four percent of the project.

Speaker 5 (01:36:47):
It just a pot So is part of that a
tax credit or is it an actual grant?

Speaker 14 (01:36:51):
The tax credits range from forty percent of the project
to seventy percent of the project, and then depreciation is
twenty four percent.

Speaker 5 (01:37:02):
Okay, so what you're saying is in order to get
that full amount, you have to have a tax obligation
that can absorb a seventy seventy percent tax credit exactly.

Speaker 2 (01:37:13):
Yep.

Speaker 6 (01:37:14):
Are you allowed to put it into the future, yep, yep.

Speaker 15 (01:37:16):
You've got twenty years to roll it over and.

Speaker 5 (01:37:19):
Then almost anyone, almost anyone could do that, right or
are there people? Are there businesses virtually not hardly paying
and they can't do it. So you're saying you have
to have you have to be able to use the credits.
Can you sell the credits like consumers do.

Speaker 15 (01:37:34):
Yeah, absolutely, you can sell the tax credits.

Speaker 5 (01:37:38):
So what you're saying is if you have a commercial outfit,
most likely you don't even pay.

Speaker 6 (01:37:44):
For the system.

Speaker 2 (01:37:46):
Uh.

Speaker 15 (01:37:47):
I want to make it really clear.

Speaker 14 (01:37:48):
Everything in solars as a reimbursement, So you would be
paying initially, but you would be receiving that reimbursement within
the year that it was installed. So if you started
the project now, you would pay me one hundred thousand,
but before December of this year, you would have all
of that back, right, Brooks, So real clear, it's a

(01:38:11):
real Okay.

Speaker 6 (01:38:11):
I understand brook We Deputy d as a question, go
ahead dated Brook.

Speaker 7 (01:38:16):
It sounds like, you know, when you initially started this conversation,
you use the term grant to cover both a payment
from the state and a tax credit.

Speaker 9 (01:38:26):
But as you know, they're totally different.

Speaker 6 (01:38:27):
To me.

Speaker 7 (01:38:28):
A grant means she knows that she knows, and the
tax credit is something you apply to your taxes later.

Speaker 9 (01:38:33):
So this one hundred thousand dollars example that you just used.

Speaker 6 (01:38:37):
Part of it is grand and part of.

Speaker 7 (01:38:39):
Much of the check will I get by the end
of the year, and how much of it will be
a tax credit?

Speaker 14 (01:38:45):
Yeah, that's a great question, depending on your taxes. So
if you're doing this as a business, and let's say
in the last for three years of business, you've paid
the government thirty grand every year, then as a business,
you're able to redo your taxes for three years past.
So that would actually be a hard rebate check back.

(01:39:06):
Your tax credits would become a rebate.

Speaker 15 (01:39:08):
Does that make sense.

Speaker 5 (01:39:10):
Yes, So you get a tax rebate from the past
three years and you go future twenty years for credits.

Speaker 14 (01:39:16):
Yep, you can as long until you use up the
full amount, and then the grant covers, like I said,
twenty five or fifty percent, depending on the system size.

Speaker 5 (01:39:25):
So really, so if you get twenty five percent and
plus the tax credit, you're going over one hundred percent.

Speaker 15 (01:39:31):
You can. Yeah, it just depends on where you're located.

Speaker 14 (01:39:34):
So again, places like Cripple Creek where it's considered low income,
it's an old mining community, there's a.

Speaker 15 (01:39:40):
Couple other things.

Speaker 14 (01:39:42):
Those places actually have ninety four percent of a system
covered by tax credits. If you have a system that
you're looking at out in Parker, you're looking at having
sixty four percent of it covered with tax benefits and
then the twenty five percent in the grant.

Speaker 15 (01:39:57):
You might not make it to one hundred. So it's
low location.

Speaker 14 (01:40:00):
Based as well for all of the tax credits, but
you're minimally getting sixty four percent covered with tax credits
wherever you're located.

Speaker 6 (01:40:11):
Any follow ups, I mean, I think it's incredible.

Speaker 5 (01:40:13):
Now, what's the best you can do for a homeowner
when it comes to money?

Speaker 15 (01:40:17):
You get thirty percent? Homeowners are still fat thirty Yeah.

Speaker 6 (01:40:21):
Thirty percent of the whole cost.

Speaker 7 (01:40:22):
But yeah, but tax credit tax credit only or do
you also get a rebate?

Speaker 5 (01:40:26):
You don't get a rebate credit over do you get
rebates as a residence you.

Speaker 14 (01:40:30):
Can get a rebate depending on where you're located. So
the folks that are in the city of Boulder get rebates.
Sometimes in Denver, depending on if they add like a
heat pump or something else, they can get rebates. There's
places certain utility.

Speaker 15 (01:40:46):
Companies give rebate programs.

Speaker 14 (01:40:48):
So the utility company that's by Gramby does a solar
rebate program, so that one's specific to location as well.

Speaker 5 (01:40:58):
Okay, so in addition to that, there is something else
I want to talk about. We may need to do
it later or after the break, but maybe we can
touch upon it because it blew my mind. With residential
systems solar farms. A guy had a big lot and

(01:41:19):
he said, you did it for him, and he's actually
making money by selling back to the grid.

Speaker 6 (01:41:25):
He makes a living.

Speaker 2 (01:41:27):
Yep, yep.

Speaker 15 (01:41:27):
You can make money by selling back to the grid.
You could. Let's say you have some space.

Speaker 14 (01:41:33):
And you've got some neighbors that want to connect to
your grid. Then you become the utility company there. There's
a lot of ways you can make money. The best
people with the best return on investment are commercial building
owners with tenants in their building, where they charge the
tenants for the solar system plus some because they're getting
the commercial tax credits as well as making retail value

(01:41:57):
income for the power that it's producing.

Speaker 15 (01:42:00):
Your that's your best situation.

Speaker 5 (01:42:03):
Okay, then also that's the best situation. But I also
talked to this one guy. Now maybe he was agur,
maybe he was commercial, but he said, you did the system.
He had a field next to him, he put a
he put a farm in, and he said he's getting
like twenty grand a year or more or maybe even
more than that. Do you remember the call?

Speaker 7 (01:42:23):
I do remember the call, But what I don't know
is how much did it cost him to install that equipment?

Speaker 6 (01:42:29):
And do you get a tax credit on the solar farm?

Speaker 9 (01:42:32):
So what was the total cost?

Speaker 7 (01:42:34):
What was the rebate check, and what was the tax
credit going forward?

Speaker 6 (01:42:39):
And then he gets income by selling back to the grand.

Speaker 7 (01:42:42):
And twenty thousand sounds like a lot, but I'm wondering
if he spent two million dollars on it.

Speaker 6 (01:42:46):
I don't know.

Speaker 9 (01:42:47):
It's good to get the math.

Speaker 6 (01:42:49):
Yeah, we should talk about that. Let's do that. We'll
talk about that, like what what it cost to do
a solar field that would make me twenty grand? A Yeeric?
That Yeah, just like, can.

Speaker 5 (01:43:00):
You look up that guy? Do you know who I'm
talking about? I don't have his name right here, but
I can try to find it. Hey, I'm Tom Martino.
We have more coming up on The Troubleshooter Show three
o three seven one three talks seven one three eight
two five five. Go with a sure thing Denver's best
roofer Excel Roofing dot com. You don't pay a cent
until you're content. Time for an insurance check up free,

(01:43:26):
no obligation. In comparison, call Compass Insurance paying too much
your coverage at dozens of insurance companies find out now
three oh three seven seven to one help. You'll think
you're his only customer when you choose Frank durand the
real estate Man dot com to list your home with
Remax Alliance three oh three nine two zero sixteen twenty two.

Speaker 2 (01:43:52):
New so you don't have as ask.

Speaker 3 (01:44:00):
Yeah, the Shooter's gonna help coming Man Dix.

Speaker 4 (01:44:05):
Is the Troubleshooter Show. No Tom Martino, Hey.

Speaker 5 (01:44:10):
Tom Martino here at three oh three seven one three
talk seven one three eight two five five. This is
the only show of it's kind, the consumer show that
helps you with problems questions and complaints. Boy, we've had
an eclectic show today, have many many things. We started
out talking about scams. We then moved into solar and
tax credits. And I'll tell you, I think you'd have

(01:44:34):
to be a moron not to buy tax credits and
why would you buy tax reds?

Speaker 6 (01:44:39):
So think about this, people.

Speaker 5 (01:44:40):
If somebody puts the solar system in and they get
thirty percent tax credit and they don't pay a lot
of taxes, they might want to cash out and.

Speaker 6 (01:44:51):
Even though they can go forward in time.

Speaker 5 (01:44:54):
Tell me why, Tell me why, Brooke, someone would choose
as an individual to sell their tax credits.

Speaker 2 (01:45:03):
Uh.

Speaker 14 (01:45:03):
There's a lot of reasons, but the biggest one is
usually they just don't pay any federal taxes. So you
might be retired where your retirements a roth that you're
making income off of things that aren't taxable, especially if
you need a bigger system to offset your electric bill.

Speaker 15 (01:45:19):
That happens all the time.

Speaker 14 (01:45:21):
Also, folks that are low income, you know, where they're
already getting all their government money back for whatever reasons,
tax credits aren't helpful for those guys either.

Speaker 5 (01:45:32):
Okay, do you have tax credits available right now?

Speaker 2 (01:45:38):
Yep? I do.

Speaker 14 (01:45:39):
I definitely have clients that are looking to sell their
tax credits about how much, like how many dollars worth
in tax credits?

Speaker 5 (01:45:48):
Yeah, if you put them all together, how many dollars worth?

Speaker 14 (01:45:51):
It's a couple million. Because of the solar field projects
that we're working.

Speaker 6 (01:45:55):
Oh my god.

Speaker 5 (01:45:56):
But here, here's what I'm saying to you. You mean
to tell me, let's just say and I'm not saying
this is me.

Speaker 6 (01:46:01):
But let's just say it's me.

Speaker 5 (01:46:03):
Let's say I had a four hundred thousand dollars not
to crack or five hundred thousand, I mean, real big money. Right,
you got to pay five hundred thousand in taxes and
I want to go out and cover that with credits.
How much of a discount can I get if I
was going to buy five hundred thousand dollars in tax credits?

Speaker 14 (01:46:23):
Yeah, So the industry standard is seventy cents on the dollar.
So if you wanted to cover half a million in
tax credits, you.

Speaker 6 (01:46:33):
Would pay yeah, somewhere around three or a little less.

Speaker 14 (01:46:37):
Yeah, three and a half if you follow that, or
three and a half of the you're writing a contract
with folks, so you could get a better or worse deal,
just depending on how that contract goes.

Speaker 5 (01:46:48):
And if somebody came to you with a big chunk
of tax burden like five hundred thousand, four hundred thousand,
three hundred thousand, would you have to put together a
number of people, Right? You can't go to one source
for that, right, There's not a system big enough.

Speaker 6 (01:47:04):
Right.

Speaker 14 (01:47:04):
No, there's definitely systems that are big enough to handle
that tax liability. Like I said, the solar field projects
that we're working on, I mean the gross amount is
five million. One of these projects is in Cripple Creek,
so ninety four percent of it's covered with tax benefits.

Speaker 6 (01:47:18):
So is there any risk to buying?

Speaker 5 (01:47:21):
And let me ask you, is there any risk to
buying a tax credit? I'm fascinated by this. I pay
taxes every single year, and I'd be a fool not
to get take a thirty percent discount. I mean, why
wouldn't I want a thirty percent discount?

Speaker 2 (01:47:35):
Yeah?

Speaker 15 (01:47:36):
I mean yeah, absolutely, Are there any risks at all?

Speaker 16 (01:47:39):
Tell me?

Speaker 5 (01:47:40):
Tell me are there any risks at all in buying
tax credits from somebody who installed solar?

Speaker 2 (01:47:46):
Yeah?

Speaker 14 (01:47:46):
The only risk is making sure that the system works,
that it's turned on that it's accepted by the uh
HJ or the people that you permit through and accepted
by the utility company.

Speaker 15 (01:47:58):
So if you will, you have to.

Speaker 6 (01:47:59):
Buy the tax credit before that.

Speaker 5 (01:48:01):
Can't you buy the tax credit after it's been activated?

Speaker 14 (01:48:04):
You can buy the tax credit right away, or you
could do like a payment plan where you say, hey,
I want to buy your tax credit. I'm going to
give you half now and then half once PTO is received. Right,
that's a normal way that these agreements go.

Speaker 9 (01:48:19):
Brook.

Speaker 7 (01:48:19):
Why couldn't you just enter into a contract with a
seller that's contingent on his system being PTO.

Speaker 6 (01:48:26):
Why couldn't you?

Speaker 9 (01:48:27):
Why do you have to make a payment now?

Speaker 2 (01:48:29):
You don't.

Speaker 15 (01:48:29):
You can do it however you want to. It's a
contract that you deem the terms with us.

Speaker 6 (01:48:33):
Yeah, that's the safest way. So here here you agree
to pay X.

Speaker 5 (01:48:37):
Amount of dollars upon activation of the system and verification
of the tax credits.

Speaker 6 (01:48:43):
Yep. Yeah, that's a no brainer.

Speaker 9 (01:48:45):
That's a simple, simple, clean toal.

Speaker 14 (01:48:47):
Yeah, because the tax credits become viable on a solar
project when there's a five percent deposit made and assigned contract,
So they can be viable years before the system actually
gets installed.

Speaker 6 (01:48:59):
But oh, hold on, hold on, hold on, hold on,
hold on, hold on way way wait wait wait wait,
they have a tax credit years before they can actually
use it.

Speaker 14 (01:49:08):
You're saying, no, no, no, I'm saying that to do
a solar field project, like five million dollars in solar,
it's going to take me a little bit of time
to do engineering and approved and all of that stuff.

Speaker 15 (01:49:20):
Right, But I'm collecting I get it. Yeah.

Speaker 14 (01:49:23):
And then the requirements to make sure that the tax
credits remain viable is that the system hits PTO or
permission to operate, ten years after you claim them.

Speaker 5 (01:49:35):
So, but that could be okay, hold on, then, Brooke,
if I bought a big chunk of tax credits because
someone put five percent down and financed it, and then
someday five years later it goes, it goes belly up,
I need to pay that money back to.

Speaker 6 (01:49:50):
The government exactly.

Speaker 15 (01:49:51):
So that's your risk, I.

Speaker 30 (01:49:52):
Mean, right to a shit.

Speaker 9 (01:49:56):
So I think the risk.

Speaker 6 (01:49:57):
But you're telling me PTO could be ten years.

Speaker 14 (01:50:00):
No, no, no, the government requires PTO happens within ten years. You'll
have that conversation in that contract with whoever's installing the project,
and who's selling you that because you're going to.

Speaker 15 (01:50:10):
Be involved in the process.

Speaker 5 (01:50:11):
I guess what I'm saying is this, I've seen enough
clowns in the solar business, and I'm not talking about you,
that I would never buy a tax credit contingent on
that system being completed, because that's just my luck. I'm
going to buy a tax credit and guess what, there's
no tax credit.

Speaker 6 (01:50:26):
I just bought nothing.

Speaker 15 (01:50:28):
I agree.

Speaker 5 (01:50:29):
I mean, I guess you could put money in escrow.
Is there any reason why I need to know this
straight up? Is there any reason why you must or
you can't wait until activation to buy the tax credit
when it's locked in?

Speaker 6 (01:50:43):
Or but that question first?

Speaker 5 (01:50:46):
That question first ahead, Just can you buy it when
it's locked in?

Speaker 14 (01:50:50):
Absolutely, you can buy a tax credits whenever, one hundred
percent you could wait.

Speaker 6 (01:50:53):
Okay, no reason why I wouldn't.

Speaker 7 (01:50:57):
So Tom's so Tom is trying to make this a
little risk transaction. So my only question now is are
there any tax credits that are ripe to be purchased
right now?

Speaker 6 (01:51:08):
Do you have any right now?

Speaker 5 (01:51:10):
That's a great question this year, Do you have any
tax credits right this minute that we can purchase and use.

Speaker 14 (01:51:16):
Yeah, absolutely, yeah, absolutely, they have close to one hundred
thousand in tax credits viable right now where the project
is hit PTO or received it.

Speaker 5 (01:51:27):
Okay, I'm going to buy them. I'm going to buy them. Okay,
account I'm going to buy them. Okay, So how many
different clients do I have to buy them?

Speaker 9 (01:51:34):
How many contracts are there to sign?

Speaker 6 (01:51:36):
How many clients do I have to buy them from?

Speaker 2 (01:51:38):
They'll be for that.

Speaker 14 (01:51:39):
There's four clients that I have in the top of
my head, and we can definitely put the contracts together
and I can get that to you, i'd say.

Speaker 15 (01:51:46):
By Monday, yep.

Speaker 6 (01:51:47):
Yeah.

Speaker 5 (01:51:48):
And then then how does the government know those tax
credits are now mine?

Speaker 14 (01:51:52):
You have to register with the IRS to say that
you're going to be a person that buys tax credits
the people that are selling and register with the IRS
saying that they're going to sell them to you, and
then you fill out a form thirty four sixty eight
saying that you claim the tax credits and here's your
number saying that you can and then the details of
the solar system.

Speaker 6 (01:52:10):
And I can go forward on those credits if I
ever need to.

Speaker 14 (01:52:13):
Yeah, you can immediately, and you can if you again
buy them with your business, you can backdate it three years.

Speaker 5 (01:52:20):
Okay, wait a minute, let's do Brooke. I don't even
want you looking anymore. I will buy every tax credit
you generate. I'm not kidding, by the way, I'm not kidding.

Speaker 2 (01:52:30):
Yeah.

Speaker 15 (01:52:30):
Absolutely, I'll get this all set up and then off.

Speaker 14 (01:52:32):
Le's tell you the rules on how to set it
up with the irs so you can buy the tax credits.

Speaker 15 (01:52:36):
Yep, not a problem.

Speaker 6 (01:52:37):
Well, I mean, how can how can anybody go wrong?

Speaker 2 (01:52:39):
Now?

Speaker 6 (01:52:41):
Jim, you have a question, Jim, welcome to the show.
What is your question?

Speaker 20 (01:52:45):
Yes, we have a cabin in the mountains.

Speaker 31 (01:52:50):
It is on a county road, and off of that
county road behind us is a private road that runs
about a quarter of a mile and along that private
road there are a number of other properties that use
that road as their main access. The property owner at

(01:53:10):
the end of the road has sent out a letter
to everyone who has access on that road asking for
asking them to sign some kind of an agreement to guarantee.

Speaker 32 (01:53:26):
The sport I'm looking for and ease much.

Speaker 6 (01:53:30):
He wants a joint maintenance agreement.

Speaker 31 (01:53:34):
Well, I haven't seen a letter. I just heard this
from a neighbor.

Speaker 6 (01:53:37):
I'll guarantee you.

Speaker 5 (01:53:38):
Listen, who maintains the road.

Speaker 9 (01:53:42):
The owners.

Speaker 31 (01:53:43):
It's not maintained by the county.

Speaker 5 (01:53:46):
The owner at the end of the road is the
one that owns the road, right.

Speaker 31 (01:53:51):
No, I don't know, that's for sure. That's part of
the problem. The road has been there for since nineteen forty.

Speaker 20 (01:53:58):
Two, and people I have had use of it.

Speaker 31 (01:54:01):
Without any kinds of issues. Now somebody who bought property
at the very end of the road is asking for
an eagemn everybody that.

Speaker 6 (01:54:10):
Oh, I get what you're saying.

Speaker 5 (01:54:12):
So people buy property, do they have a deeded easement
on that property or do they just use it casually?

Speaker 31 (01:54:20):
I think it's the use is casual. But it's been
for the it's been since nineteen forty two.

Speaker 6 (01:54:26):
I understand that. I understand that.

Speaker 5 (01:54:28):
But no one ever filed an adverse possession, No one's
claiming to own it, No one pays taxes on it,
do they?

Speaker 31 (01:54:35):
Well, the road actually is on different people's property front.

Speaker 6 (01:54:41):
Okay, I got it. Listen.

Speaker 5 (01:54:42):
I did a subdivision that way where I had a
road going across people's lots. Those people had to had
to give easements in perpetuity. Now the like, let's just
say I'm in that subdivision right now and part of
the road goes over my property. I unless it's needed,
unless it's an easement, I can take it. I can

(01:55:05):
say you can no longer use this part of the road.
Isn't that correct?

Speaker 31 (01:55:10):
Well, I don't know who owns the rude.

Speaker 6 (01:55:12):
That's what it is. Correct.

Speaker 5 (01:55:14):
I'm telling you it's correct because I've developed fourteen subdivisions.
Here's what I'm telling you. The guy at the end
is worried and he thinks this is a shambles. This
is like rinky ding town. We need to get this formalized.
And he's probably doing you all a favor because he
probably wants a joint maintenance and a joint use agreement

(01:55:35):
in perpetuity, meaning that everyone on that road agrees that
you can use the road and will chip in for maintenance.

Speaker 6 (01:55:43):
If that's what he wants.

Speaker 5 (01:55:44):
Before criticizing it, look at what he wants, because I
think that's probably what he's doing.

Speaker 31 (01:55:50):
Okay, I have not seen the letter.

Speaker 5 (01:55:52):
Right Well, without seeing that, you know what, get a
hopy of that letter and get it to us.

Speaker 6 (01:55:57):
I would love to see it.

Speaker 5 (01:55:59):
I can help you I'm Tom Martinez. Got more coming
up on the Troubleshooter Show three oh three seven on
three Talks seven one three two five five. Frank rand
the real estate Man right now, will give you a
market evaluation of your home, what it will sell for
and why, the comps, the neighborhood, the supply and demand,
the interest rates, all free, complimentary. He wants to be
of service to you, and he really means it. Three

(01:56:19):
oh three nine two zero sixteen twenty two. Frank durand
the Realestateman dot com. Go with a sure thing Denver's
best roofer Excel Roofing dot com. You don't pay a
cent until you're content than time for an insurance checkup free,

(01:56:41):
no obligation. In comparison, call Compass Insurance paying too much
your coverage at dozens of insurance companies find out now
three oh three seven to seven to one help. You'll
think you're his only customer when you choose Frank durand
the real estate Man dot com to list your home
with Remax Alliance three oh three nine two zero sixteen
twenty two.

Speaker 6 (01:57:03):
I am Tom Martino.

Speaker 5 (01:57:04):
You're Troubleshooter three o three seven one three Talk seven, three, eight,
two five five, Jaba, what's going on?

Speaker 6 (01:57:15):
Hey?

Speaker 29 (01:57:15):
Tom, how's it going? And I just wanted to let you,
good man, that that service. I just checked myself in
the hospice today and they do have the pill or
the concoction that you put together to in your life.

Speaker 22 (01:57:33):
Wow, was telling me, Now, wait a.

Speaker 6 (01:57:35):
Minute, is this in Is this in Colorado?

Speaker 29 (01:57:38):
Yeah, it's right here in Colorado at the Denver Health
look up M A I D M A I D.

Speaker 6 (01:57:47):
It was in February.

Speaker 5 (01:57:50):
It was in February when you said you were going
in for treatment.

Speaker 6 (01:57:55):
Did you get treatment?

Speaker 29 (01:57:57):
No, I'm not doing chemo.

Speaker 21 (01:58:00):
Because they told me, okay, you.

Speaker 29 (01:58:02):
Lived maybe two more months after chemo.

Speaker 6 (01:58:05):
Oh oh oh what kind of cancer do you have?

Speaker 29 (01:58:10):
Oh?

Speaker 12 (01:58:10):
It's all over the place.

Speaker 30 (01:58:12):
I'm sorry, Jaba.

Speaker 6 (01:58:13):
What did it start? As it does? Suck? What did
it start?

Speaker 2 (01:58:18):
As?

Speaker 29 (01:58:19):
It started as something in my sagrenal glands, and then
it went up my canal of my liver, put a
little tumor on the outside of my liver, and now
it's spreading everywhere. I got a little spot on my kidney.
You got a little spot on my lung. So it's like,
you know, you're trying to hit and miss with chemo,

(01:58:40):
and I said no, and then I have so many
people who went through that process and it was just miserable.

Speaker 6 (01:58:48):
So now I'm in hospital, Jaba.

Speaker 5 (01:58:53):
So do you plan on taking this fentanyl breath mint
or whatever it is?

Speaker 22 (01:58:58):
Uh?

Speaker 21 (01:58:58):
Yeah?

Speaker 29 (01:58:59):
So what this is? What they do is they they
give it to you. You have to have two physicians,
two separate physicians tell you that you're not going to
live more than six months. And so then you get
this package of stuff. I don't know what it is yet,
but they nail it to you or get it to you,

(01:59:19):
and if you win, then choose. At the very end,
you know, like your liver shuts down, everything shuts down.
They said that you can administer all this stuff that
they have a contoxin, and in about one or two
hours you just go to sleep.

Speaker 6 (01:59:37):
Okay, Jaba. My heart goes out to you, bro, thank you.
But I don't want to get I don't want to
get preachy.

Speaker 5 (01:59:48):
But there are those who believe, including me, that there's
way more to life than life.

Speaker 6 (01:59:57):
So I wish you the best.

Speaker 30 (02:00:00):
We were thinking of your java.

Speaker 29 (02:00:01):
Thank you, guys.

Speaker 21 (02:00:02):
I appreciate it.

Speaker 28 (02:00:03):
Really, just really what I.

Speaker 29 (02:00:05):
Wanted to do.

Speaker 30 (02:00:08):
I'll be sure to tell him when I see him.

Speaker 6 (02:00:12):
You picked the day he was he's not here, Well,
he was here earlier. Okay, I want to go to Ben. Ben,
you're curious about tax credits.

Speaker 5 (02:00:21):
Sorry, Ben are I'm already in line. I'm sorry, just kidding.
Go ahead, Ben.

Speaker 32 (02:00:26):
Hey, Thanks Tom, you piqued my interest with your guests
talking about selling tax credits. The situation I'm in is
I don't make enough money to have a tax liability,
so I have wanted tax credits sitting out there. How
do you sell what kind.

Speaker 15 (02:00:45):
Of tax cond it?

Speaker 32 (02:00:45):
Do you have him already solar panels? The solar panels
already been installed, it was installed.

Speaker 5 (02:00:53):
Do you have the tax credit? Do you have the
tax credits sitting there?

Speaker 22 (02:00:59):
As far as I know, I do, yes.

Speaker 5 (02:01:03):
How does he find out exactly? Like, how does he
find out?

Speaker 14 (02:01:07):
When you were saying that it got installed? Do you
know when it started working?

Speaker 32 (02:01:13):
March of twenty twenty three.

Speaker 15 (02:01:15):
Yeah, So you just need.

Speaker 14 (02:01:16):
To register with the IRS that you want to sell
your tax credits and then you just find somebody that
wants to buy them from you and they're viable right away.
How many how much of the tax credits have you
used so far?

Speaker 25 (02:01:28):
None?

Speaker 15 (02:01:30):
How many do you have open?

Speaker 6 (02:01:31):
Tell me? Yeah?

Speaker 5 (02:01:33):
How much do you have in tax credits?

Speaker 32 (02:01:38):
I was told about thirteen thousand at this point.

Speaker 22 (02:01:43):
Now that made me wrong.

Speaker 32 (02:01:45):
Okay, you're I'm really green at this, so I apologize.

Speaker 15 (02:01:48):
It's okay. Do you know how much the whole system costs?

Speaker 32 (02:01:52):
About twenty five thousand?

Speaker 6 (02:01:56):
Oh?

Speaker 33 (02:01:57):
Wait, so it costs you twenty five out of so
you pro you if it was twenty five thousand and
twenty twenty four, then you have six five hundred in
tax credits that are available.

Speaker 5 (02:02:12):
Okay, yeah, unless they get But isn't it possible they
gave him the net price when he says twenty five
and it was really more?

Speaker 2 (02:02:21):
Yeah?

Speaker 14 (02:02:21):
Absolutely, everything's possible. Do you have a copy of the contract?

Speaker 22 (02:02:26):
I do, yes, I just don't have it with me.

Speaker 2 (02:02:28):
That's okay.

Speaker 5 (02:02:29):
If you're comfortable, you can get a hold of redrocksars
dot com and Brooke will help you.

Speaker 2 (02:02:35):
Yeah.

Speaker 15 (02:02:35):
Yeah, just email it.

Speaker 5 (02:02:36):
She's a Yeah. Listen, folks, I was serious. I'm going
to buy tax credits. I mean, what fool would not
buy a tax credit? I can think of nothing. Why
would anyone?

Speaker 6 (02:02:49):
Never? Why would they never.

Speaker 5 (02:02:51):
I mean, if you're going to pay a dollar in
tax and that dollar is now seventy cents, who.

Speaker 6 (02:02:56):
Would not do that? Who would not do that? Brooke?
I don't know.

Speaker 5 (02:03:03):
You said you had a couple of million. You're sitting
on millions and tax thredits. Well, you got a customer
for life, and I can get you more customers.

Speaker 6 (02:03:10):
I mean, who would not do it?

Speaker 2 (02:03:13):
No?

Speaker 6 (02:03:13):
I mean the only time you wouldn't do it is
if you go ahead.

Speaker 14 (02:03:16):
No, you're right, Yeah, absolutely, as long as it's a
done deal like pcos hit, you have no risk.

Speaker 15 (02:03:23):
When you're buying.

Speaker 5 (02:03:24):
These, you have zero risk and you have the government
and it's money you don't have to pay.

Speaker 6 (02:03:32):
So Brook's my new best friend. Everyone stay away.

Speaker 3 (02:03:35):
From her sucking.

Speaker 6 (02:03:37):
Yeah, okay, Brooke.

Speaker 5 (02:03:39):
This is Redrosars dot Com and they do you know,
the real purpose here is they do solar systems. They
do a great job, and you know, I want you
to know that.

Speaker 6 (02:03:49):
We got more coming up on that one.

Speaker 5 (02:03:50):
Clarchoys Garage Doors does great garage doors twenty four to
seven service. If you have an emergency, can't get it closed,
it's late at night, they'll come and do it, or
just regular service all their prices on their website. The
only people that do this, whether it's an opener or
part of the opener, a door a part of the door,
go to one Clear Choice Doors dot com. Go with

(02:04:17):
a sure thing Denver's Best roofer Excel Roofing dot com.
You don't pay a cent until you're content. Time for
an insurance checkup free, no obligation. In comparison, call Compass
Insurance paying too much your coverage at dozens of insurance
companies find out now three oh three seven to seven
to one help. You'll think you're his only customer when

(02:04:39):
you choose Frank durand the real estate Man dot com
to list your home with Remax Alliance three oh three
nine two zero sixteen twenty two.

Speaker 6 (02:04:51):
Hi Tom Martino here three O three seven one three talk.

Speaker 5 (02:04:55):
I can't find that call anywhere I'm looking at three
twenty five?

Speaker 6 (02:04:59):
Was that last year? Was it this year?

Speaker 30 (02:05:01):
Six of twenty twenty four? Last year? It's on three
twenty six twenty and Alexis.

Speaker 5 (02:05:07):
So it was way back then that that she helped us.
Brooke helped us with a problem, way back then. I'm
going back to see it and meanwhile explain what the
original problem was while I looked for my notes.

Speaker 14 (02:05:22):
Yeah, it was a pretty complex case. I've actually never
seen a case as bad as this one.

Speaker 5 (02:05:27):
So, oh wait a minute, I have a feeling it
wasn't about that scumbag company.

Speaker 6 (02:05:31):
I was so upset about.

Speaker 30 (02:05:33):
One Solar through Valor. Yes, yep, if you search Valor
VA l R, you're gonna get the call on your screen. Tom.

Speaker 5 (02:05:43):
Yeah, man, I can't. I can't see it anywhere. And
I mean I'm looking at the date and I don't
see it.

Speaker 2 (02:05:48):
Over there.

Speaker 6 (02:05:49):
It is Loi and Alexis. I just saw it Loi
and Alexis.

Speaker 5 (02:05:53):
So what I have here is they contracted with one
Solar through Valor Solar, and Valor's a scumbag as well
in October of twenty twenty two to install a solar
system fifty four thousand dollars. During the application process, they
did not file the proper supplement report.

Speaker 6 (02:06:11):
That's the company.

Speaker 5 (02:06:13):
Therefore, they did not know that Excel will not approve
any solar systems in that area until that a new.

Speaker 6 (02:06:20):
Substation is built. Oh my god.

Speaker 5 (02:06:22):
Now the consumers are stuck with the system. They can't use,
can't be activated. There are only options were to completely
go off grid with a full battery backup system and
or have one Solar removed the system and give a refund.

Speaker 6 (02:06:37):
What the heck went on? What did you do with it?

Speaker 16 (02:06:41):
Brooke?

Speaker 14 (02:06:42):
Yeah, so I've been working on this case since then.
Sometimes solar cases take a long time to have any.

Speaker 15 (02:06:47):
Sort of resolution.

Speaker 14 (02:06:50):
So I had a conference call with Goodleap, who is
the financing company, and One Solar a week ago or so,
and One Solar has dried the case completely, so that
I know that Lloy and Alexis are still going to
have to go after them for the damages to the
appliances and their home and they are other things. But
Good Leap, which is the financing company, ended the loan

(02:07:13):
and told the consumers that they were going to give
them a reimbursement for what they've paid. So at least
now there's not a monthly bill that they have to
face from the financing company, and the lean on their
house gets removed, so it's definitely a step.

Speaker 5 (02:07:26):
So wait a minute, so they don't so now they
don't owe the money anymore, or will First Solar come
after them directly?

Speaker 14 (02:07:32):
One Solar can't come after them directly because of all
of the issues that One Solar caused in this case,
and the PUC filings and the other evidence against them
showing that they can't it's against their contract.

Speaker 2 (02:07:43):
Life.

Speaker 6 (02:07:43):
So here's what I want to know. Then, here's what
I want to know.

Speaker 5 (02:07:46):
If these people got this system now free, even though
it was screwed up, they can take that money to
make this right, yes or no?

Speaker 2 (02:07:55):
Yeah?

Speaker 14 (02:07:55):
Absolutely, they can add in the battery system that they
need to, or they could sell the solar parts.

Speaker 15 (02:08:01):
And get a roof replacement.

Speaker 2 (02:08:03):
Yep.

Speaker 6 (02:08:04):
So what do you think they should do?

Speaker 14 (02:08:07):
Uh, that's a tough one because it's not my life.
Off grid life is hard. I don't think I could
do an off grid lifestyle. So that's very unique to
each couple and kind of their sanity.

Speaker 5 (02:08:24):
So the finance company, why did they just why did
they decide to do this?

Speaker 14 (02:08:31):
Because it was clear what the evidence posed, that the
system could never get activated, that One Solar failed to
comply with the rules and regulations of installing, that it
was against their contract in that if they continued to
charge lloy and Alexis for.

Speaker 15 (02:08:46):
This, that they would be under legal.

Speaker 14 (02:08:50):
Action as well, because they've been aware of everything that
was going on in the case. So what happened was
was Goodly paid one Solar the money, but then when
they found out the system wasn't activated, they took all
that money back from one Solar. So good Leap's not
out anything besides administrative fees to process alone.

Speaker 5 (02:09:11):
No, but that's great. That is great. We are learning
so much about the solar industry. So my next question
is with Doze in all of this, even though Musk
is in the solar business, how long are credits going
to be? There must be some chatter in the industry.
Are we thinking solar tax credits are here to stay?

Speaker 2 (02:09:33):
Uh?

Speaker 14 (02:09:34):
I think that the administration now is a little bit
of a wildcard. I think everybody can agree that. You know,
things changed pretty rapidly with this new administration.

Speaker 15 (02:09:45):
Yeah, but last time.

Speaker 14 (02:09:46):
He was in office, he extended the tax credits till
twenty thirty two, So his history shows that he did
additional work for it. Yes, he did get rid of
federal grants for solar, but he got rid of federal
grants for a lot of other things, right, So I
don't think he's going against what he's done in the past,
And I don't think there's any issues to worry about

(02:10:07):
what tax credits. Nothing has been produced or shown to
eliminate tax credits at all, not even a hint of it.

Speaker 5 (02:10:16):
All Right, we got more coming up on the Troubleshooter
Show three of three seven to one three talk. By
the way, we were talking about scams that I didn't
even get through half of them.

Speaker 6 (02:10:24):
I'll have to do this again.

Speaker 5 (02:10:25):
Because it's incredible what I've come across when I went
through my data bank of records here on all of
the tax credit scams. I mean not excuse me, not taxer,
I mean scams in general. So I had told you
just about a few of them, okay, and I'm going
to get let me just mention a few more because
these are incredible. We had the bank account access scam, Okay,

(02:10:46):
I went through that. Phishing scams.

Speaker 6 (02:10:48):
Fishing scams are more are anytime they try to get
information from you.

Speaker 5 (02:10:53):
And almost every scam is linked to phishing because you
got to do the fishing to get the other scam.
The other one romance scams. My god, have people been
taken by romance scams? And it's usually women. This one
is where the women, middle aged to later middle aged
women think some hunk as they used to call them,

(02:11:14):
or some handsome You ever.

Speaker 6 (02:11:16):
Hear that, You never heard that expression.

Speaker 5 (02:11:18):
They think some handsome dude is interested in them and
want them, and then they talk them into giving them money.
And then you have the one that is common to
a lot of other scams. You know, they all entertainle
the cashiers check scams where you get a cashiers check,
they say deposit to send us the rest back. It's
a bad cashiers check. Fake landlord scams. You want to

(02:11:41):
rent a place, They meet you, they take a deposit,
They give you keys.

Speaker 6 (02:11:45):
There's a set of keys from their junk drawer.

Speaker 5 (02:11:47):
They don't work, You never get to move in, and
then the landlord disappears. That's happening a lot. We got
more coming up on the Troubleshooter Show. Go with a
Sure Thing Denver's Best Ruffer Excelo dot com. You don't
pay a cent until you're content. Time for an insurance
checkup free, no obligation. In comparison, call Compass Insurance paying

(02:12:11):
too much your coverage at dozens of insurance companies. Find
out now three all three seven to seven to one help.
You'll think you're his only customer when you choose Frank
durand the real estate man dot com to list your
home with Remax Alliance three all three nine two zero
sixteen twenty two.

Speaker 6 (02:12:31):
Hey Tom Martine here.

Speaker 5 (02:12:33):
Well, we were talking about a lot of things, and
one of them was the scams that people come across.
So many people are victims of scams. And there are
a lot of solar scams. Now Brickwright as Red Rocks,
Roof and Solar. We love having a legit company on
but Brooke. Through the years, there were a lot of

(02:12:54):
bad solar companies that would sell at the door and
then then you'd never see him again.

Speaker 6 (02:13:00):
Has the industry cleaned up a bit?

Speaker 2 (02:13:03):
Well?

Speaker 14 (02:13:04):
I think even from our conversation you can see how
confusing tax credit conversations can.

Speaker 15 (02:13:09):
Be right today.

Speaker 14 (02:13:11):
Yes, So the biggest thing that I hear is, oh,
the solar person told me that I was going to
get a check back from the government for X amount
of dollars. And this is a person that has no
tax liability and won't be able to do that. That
is still ongoing and I don't think that that will
ever get fixed. I would highly recommend anybody I'm so sorry,

(02:13:35):
no go ahead. I would highly recommend anybody looking to
solar to talk to ACPA or somebody else to say, hey,
is this legit and what can I expect to get
back with my specific taxes?

Speaker 5 (02:13:47):
By the way, I already looked on the website to
sign up for Why do they want me to sign
up as a buyer of tax credits?

Speaker 6 (02:13:55):
I'm going to do it, but.

Speaker 14 (02:13:56):
Why do they want me to Why does the IRS
require the the process?

Speaker 6 (02:14:01):
Why do they require me the buyer to sign up?

Speaker 14 (02:14:06):
I'm really sorry, I have no idea. I just know
that it's part of the process that's been ongoing since
tax credits can be sold.

Speaker 6 (02:14:15):
So what it says is, here's what it says is
that your personal identification. You got to do it a
whole identity thing.

Speaker 5 (02:14:23):
Then you sign up, and then it says obtain a
registration number.

Speaker 6 (02:14:28):
The IRS will give you a registration number.

Speaker 5 (02:14:31):
Once approved, you'll receive this number and this number must
be included to validate your tax transfer.

Speaker 6 (02:14:37):
Man, do you know how to do all this? Brooker?
Do you have an accountan that knows how to do it?

Speaker 2 (02:14:41):
Yeah? Yep.

Speaker 15 (02:14:42):
It's actually a lot easier than what it sounds.

Speaker 14 (02:14:44):
You just put that registration number on that form F
three sixty eight, and that's how it gets tied directly
to you. For you to use those tax credits.

Speaker 6 (02:14:54):
There's a publication called Publication fifty eight eighty four that
has comprehensive and instructions. And I have learned so much.

Speaker 5 (02:15:02):
Say, you know, I know we've talked about this before
in the past, but it never really hit me that
you'd have to be a moron not to buy tax credits.
If you're gonna pay tax, why not pay less? I mean,
they're unused tax credits. Everybody's a winner. The people of
the tax credits are a.

Speaker 6 (02:15:22):
Winner, and you're a winner. Yeah, I mean it's great.

Speaker 5 (02:15:25):
So yeah, I'm your steady I'm going to be your
steady customer from now on. Okay, So we talked about
bank account assets scams, access scams, phishing scams, romance scams,
cashier check scams, fake landlord scam. Then this one is
quite complicated, the freight forwarding scam. That's where they ask

(02:15:46):
you to simply receive items, repackage them and send them
out for payment, and they do pay you, and you
are getting paid. So all of a sudden, you getting
a bunch of cell phones or you're getting certain things
and you have to repackage them and send them out.
Why because they're buying this stuff with stolen credit cards.
By you receiving the stolen merchandise and then re sending

(02:16:06):
it out, you become, in this chain of.

Speaker 6 (02:16:10):
Events a criminal.

Speaker 5 (02:16:12):
Of course, it's unintentional, and many times that the FBI can.

Speaker 6 (02:16:16):
Verify that, they'll let you off the hook. But for
the most part, you're a criminal.

Speaker 12 (02:16:20):
And Tom, don't forget. That really hurts.

Speaker 6 (02:16:24):
I forgot.

Speaker 16 (02:16:25):
I forgot about the puppy scam.

Speaker 2 (02:16:27):
I'm down.

Speaker 6 (02:16:29):
Puppy scams.

Speaker 5 (02:16:31):
Yeah, it is where they tell you this puppies for sale,
they take your money, never ship the puppy.

Speaker 6 (02:16:37):
No freight forwarding scams go ahead.

Speaker 11 (02:16:39):
And then they have oh, the puppies at the airport,
but he needs a special crate.

Speaker 12 (02:16:43):
Then he's got to.

Speaker 2 (02:16:44):
Know I get it.

Speaker 6 (02:16:45):
Yeah, I am, And it's all the same.

Speaker 5 (02:16:47):
Then you have unexpected package delivery scams. That's where something
shows up at your house and and they call you
and say, oh, forward that to such and such. Again,
that's another freight for forwarding scam, but this one you
don't sign.

Speaker 6 (02:17:02):
Up to do and get paid.

Speaker 5 (02:17:03):
It's just like it was accidentally sent to you by mistake.

Speaker 6 (02:17:07):
Another one.

Speaker 5 (02:17:08):
Fake jobs, Oh my god, They're all over the place.
Fake jobs. You pay for getting a job, or to
do a job at home, or some registration fee and
it turns out to be fake. We already talked about
the grandparents scam, where they pretend the caller pretends he's
your grandson or granddaughter or niece or nephew, and it's

(02:17:28):
amazing how they do it.

Speaker 6 (02:17:30):
Hey, grandma, is this you Timmy anyway?

Speaker 5 (02:17:34):
And then also the PC tech scams where they go
online and say we're a tech from Microsoft and we're.

Speaker 6 (02:17:41):
Going to help you.

Speaker 5 (02:17:43):
And then what they do is they get into your
computer and they put either something in your computer that
feeds back to them or they simply view and download
the information. Celebrity impersonation scams where they pretend to be
a celebrity interested in following you and then eventually get
money from you. And then puppy scams. As Deputy Doc represented,

(02:18:05):
we got more coming up tomorrow. Don't forget car Day
on Friday, and you can always call us and get
in line at three oh three Martino three O three
sixty two seven eight four sixty six