Heartland Investment Partners April 2021

Heartland Investment Partners April 2021

& STRIPES

HEARTLAND INVESTMEN T COMPANIES STARS

APRIL 2021

AN.COM

DARINGARM 319-350-5378

Does your office have a theme? A lot of guys I know pick something to base their decorations around. The hunters go in for paintings of their dogs, forest green walls, and taxidermy birds. Sports fans show off their jerseys and signed balls. And people who love their alma maters hang up college flags and pennants. But my decorating scheme is a little bit more … out there. As I type this, I’m sitting at my desk. Looking around, I can see files, pens, and my printer — all of that typical office stuff. I also have a pretty good-sized library of nonfiction and investment books. But on top of all that, there’s another theme going on: money. Yep, you read that right. I’ve decorated my office with literal money! I don’t mean I’m Scrooge McDuck swimming in piles of gold coins (I’m not that crazy), but I did get some help from the U.S. Mint. Here are just a few of my favorite decorations: • A framed, uncut sheet of $2 bills (I’d love to have a sheet of hundreds, but when I think about sending 2K in bills through the postal system, it makes my palms sweat.) • A poster showing all the U.S. currency styles developed over the years, from the $100,000 bill down to the $1 bill • A 2-foot-tall bag of shredded, out-of-circulation currency from the Bureau of Engraving and Printing • A $100 sack of Kennedy half dollars • A row of big pickle jars full of quarters, half dollars, and silver dollars I got the idea when I read a story in a magazine about a salesman who had a giant Monopoly property card framed on his wall. I thought that was pretty cool, so I bought a few of my own and then started looking for Monopoly money to match. That led me down a real money rabbit hole, and I ended up on the website of the U.S. Mint, buying all kinds of “decorations.” This whole money thing might have deeper roots, though. When I was a kid, I used to pick up pennies off the streets and keep them in an old coffee can. I was always on the lookout for those rare pre-1900 pennies that would be worth a few bucks, but I didn’t find many. Instead, when my coffee can was HOW I DECORATED MY OFFICE WITH THE HELP OF THE U.S. MINT MONEY, MONEY, MONEY!

full, I’d take it to the bank and deposit it. It always felt good to dump my pennies on the counter and daydream about my big payday. Back then, I felt rich if I made $11.30! Now, I think my decorating theme comes down to two things. No. 1, all of this money stuff is pretty cool. I like calling up the U.S. Mint to place an

order, and I’m actually writing this particular newsletter because I realized that April 2 is the 229th anniversary of the Mint. Pretty neat, right? No. 2, I’m in the money business! Having money in front of me all the time keeps me motivated. That’s why I’ve decorated my home and business offices this way. Money isn’t the end-all, be-all of life, but the jingle in your pockets is how you ultimately keep score as an investor. It’s important to stay hungry, and working in the shadow of a sheet of $2 bills every day reminds me to keep building my portfolio. If you need to kick your motivation up a notch or want to mark an investment milestone, give it a try! You can browse everything the Mint has to offer at USMint.gov. Just click “Shop” to get started. –Darin Garman

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TEGIES YOU

GETING STRA

2 SIMPLE BUD CAN IMPLEM

IRED

ENT TODAY

HEETS REQU

NO SPREADS

Paying off debt and saving money are the building blocks of a healthy financial life, but the statistics are dire: One-third of Americans haven’t saved a single penny for retirement, 38% of households have

20% to savings, which starts by building a three-month emergency fund and then allocating savings to a retirement fund thereafter. If you have credit card debt, Warren suggests allocating that final 20% to debt repayment before you start saving. Otherwise, you’ll just backslide as interest mounts on your existing debt. If you’re able to save more than 20%, adjust the ratios accordingly. If you can’t save 20% just yet, start with less (even 1% each month adds up!) and make a goal to increase your savings by 1% each month or quarter. THE ANTI-BUDGET STRATEGY If Warren’s budgeting strategy feels too complicated, try financial expert and “Afford Anything” podcast host Paula Pant’s anti-budget. Each time you get paid, skim 20% (or whatever your current savings goal is) off the top, put it in a savings or retirement account, and spend the rest however you’d like. Pant’s logic here is that if you tell yourself you’ll save “whatever’s left over at the end of the month,” you’re unlikely to save anything. Free yourself from the worry by saving first, then spend the rest guilt-free.

credit card debt, and 44% don’t have enough cash saved to cover a $400 emergency expense. If you see yourself in those numbers, there’s no better time than now to start working on

healthier financial habits because April is Financial Literacy Month.

Even with myriad apps available to help, budgeting can still feel intimidating. So, why not keep it simple with these two systems you can implement today?

THE 50-30-20 STRATEGY Before she was a U.S. senator, Elizabeth Warren was a tenured law professor at Harvard, specializing in bankruptcy. During that time, she published the widely acclaimed personal finance book, “All Your Worth: The Ultimate Lifetime Money Plan.” Some 16 years later, her advice still holds up. That’s because Warren’s approach to money is simple and flexible.

If 20% feels like too lofty a goal, start with whatever feels doable and work to increase that by 1% each month or quarter.

She suggests allocating 50% of your income to needs like housing, groceries, and utilities; 30% to wants like entertainment, vacations, and eating out; and

FT PICK IS … ? !

OR’S NFL DRA

MILY INVEST

THE MULTIFA

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BEST PROPE RTIES FOR YO

CHOOSE THE

IT’S TIME TO

If you’re a football fan, then you probably know the NFL is having its draft later this month. For my nonfootball fans, that means each team will take turns picking college players for their roster. With seven rounds of picks along with a lot of trading, bartering, etc., it’s a ton of drama over three days! The sooner a college player is picked, the more money they make, period. If you’re picked in the first round, your average compensation will be in the $19 million range for five years. If you’re picked in the last round, then you’re looking at around $600,000 IF you make the team. Teams are willing to pay the top draft picks more because of the contribution they feel those players will make RIGHT AWAY. It really comes down to the return. If a team pays out a $19 million salary, the return must be sizable ... right?

Those returns usually come in as long as the player has the “total package” of intangibles. These “intangibles” include how he behaves (no history of abuse, drugs, trouble with the law, etc.). Even if you’re the best player out there, you won’t be a first draft pick if you have “intangible” issues. So, why am I rambling on about NFL football? Well, the way I see it, apartment community ownership is likev having your very own first- round draft pick and ALSO scoring big time on the intangibles! This is especially true over five years. If you invest today, you WILL see results mirroring a first-round draft pick — yes, EVEN during and after the pandemic. Apartment communities will return sizable amounts of income, equity, and overall returns to their owners. In fact, I think the level of returns will be something we haven’t seen

in a long time. Other investments, though they may look “hot,” will not stay that way. (Remember GameStop?) I’m not just talking about the rate of return here, either. I’m also talking about those “intangibles,” like the protection of your money and wealth, lower risk, and security from theft and fraud. ALL of these items are part of the package! If you want to be on not just a WINNING team but a CHAMPIONSHIP INVESTMENT TEAM, make sure you have an apartment community or two in your list of draft pick(s)! –Darin Garman

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I WA LIFE

SUDOKU

JESSE JAMES AND BONNIE AND CLYDE?!

3 FAMOUS OUTLAWS AND THEIR IOWA HEISTS

It’s a good thing Darin didn’t live in Iowa in the 1870s or 1930s — his office decorations wouldn’t last long! As you read on Pg. 1, Darin decorates with money from the U.S. Mint, and during both of those decades, famous outlaws were on the run through the Hawkeye State. In the 1870s, Jesse James paid two visits to Iowa, and Bonnie and Clyde went on a famous bank robbery spree in the state in 1934. A year earlier, the duo were also part of the largest shootout in Dallas County history. Crazy, right? Here are just a few of the gory details.

SALES AND SUCCES S

APARTMENT

THE ESCAPADES OF JESSE JAMES

According to author and historian John Koblas, Jesse James and the James- Younger Gang visited Corydon, Iowa, on June 3, 1871, and robbed the Ocobock Brothers Bank in broad daylight. The whole town was gathered at the Methodist Church for a meeting, and the gang members simply rode up to the bank on horseback and went inside. To add insult to injury, the Prairie Trails Museum reports a robber yelled, “We robbed the bank, catch us if you can!” on his way out of town. Two years later on July 21, 1873, the gang appeared in Adair and committed the world’s first robbery of a moving train. They sabotaged the tracks, forcing the train to tumble into a ditch. They hoped to collect $75,000 in gold, but when they forced a guard to open the train’s safe, the gang discovered just $2,000. They stole it all and an extra $1,000 in loot.

FULLY OCCUPIED 12 PLEX AVAILABLE NOW FOR PURCHASE!

16 UNITS ALL 2-BEDROOM CLOSED!

BONNIE AND CLYDE’S AMUSEMENT PARK STANDOFF

Roughly 60 years after Jesse James’ heists, the famous outlaws Bonnie Parker and Clyde Barrow holed up in an abandoned amusement park near Dexter. They successfully snuck into town for medical supplies, but soon a farmer tipped off the cops about their camp. On July 24, 1933, a posse of 75 officers went after the gang. Both Bonnie and Clyde were injured in the shootout, but they managed to steal a car and get away. A year later, they went on a robbery spree through Iowa, successfully hitting banks in Rembrandt, Knierim, and Everly. Want to learn more about these famous outlaws? Check out the books “Jesse James in Iowa” by John Koblas and “Go Down Together: The True, Untold Story of Bonnie and Clyde” by Jeff Guinn.

16 UNITS UNDER CONTRACT!!

CONTACT DARIN TODAY AT 319-350-5378 FOR MORE INFORMATION ON THESE LISTINGS!

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HEARTLAND INVESTMENT COMPANIES

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

Darin Garman: Heartland’s Most Trusted Multi-Family Investment Advisor 2505 Silver Oak Trail Marion, IA 52302 DarinGarman.com 319-350-5378 INSIDE Page 1 How Darin Decorated His Office With the Help of the U.S. Mint Page 2 2 Easy, Effective Budgeting Strategies The Multifamily Investor’s NFL Draft Pick Is … ?!

Page 3 3 Famous Outlaws and Their Iowa Heists

Apartment Sales and Success

Page 4 Vacations That Pay

In the wake of COVID-19, tourist destinations worldwide have been hit hard. To lure travelers back, some places are offering steep discounts and other incentives throughout all of 2021. With cheap airfare and great deals on accommodations, tours, food, and more, you can take a luxury vacation on a dime this year. VACATION DESTINATIONS THAT WILL PAY YOU TO VISIT

upgrade to the next class of care, which gives economy spenders access to executive accommodations. Other incentives include free meals, round-trip airport service, and discounted beach picnics and boat tours. Check out CapeFahnHotel. com/offers for more information.

MEXICAN CARIBBEAN

Few words evoke the image of beaches, sun, and saltwater like “Cancun” does. This Mexican locale has become synonymous with leisure, as have other destinations in the Caribbean — beautiful places like Isla Mujeres or the Riviera Maya. Tourists can visit all of them at a steep discounted rate until the end of 2021 thanks to promotions from the Hotel Association of Cancun and the Quintana Roo Tourism Promotion’s council. Head to En.Come2MexicanCaribbean.com to find vouchers for two free nights in a hotel for every two you pay for, steeply discounted airfare, and even options for free food and drinks.

WHISTLER, BRITISH COLUMBIA

Although this destination in British Columbia might be known for its winter activities, there’s a lot to love about Whistler in late spring and early summer! One great thing? The amazing array of money-saving options you can find here. The Riverside Resort, for example, is offering mountain-view cabins at a 3-for-2 discount — pay for two nights and get a third for free! Traveling to Canada can be tricky at the moment, but if you use a good travel agent, you can take advantage of some great deals. Other incentives in the region include free meals (or a per diem meal rebate) as well as discounts on guided tours.

THAI PARADISE

Although it’s no longer the hidden destination it once was, there are still a lot of good reasons to visit Thailand. In addition to being an affordable place to travel, Thailand also has great food and an amazing climate. To make up for the financial hit due to suspended travel because of the virus, the Cape Fahn Hotel is offering incentives into 2021 including a complimentary

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