#ASKDOM Q&A Session, Thursday 30th of July

There’s only so long that we can have deferrals of loan payments and government stimulus and all that sort of thing. We’ve got really low interest rates, which means people who are cash rich are looking for yield and they’re not getting it in term deposits and they’re not sure where to put it. So if you watched our live stream on the weekend, the Titans of Business, I think it was Jay Abraham said, “Hey, if you’re looking for a time to do a deal, there’s never been a better time than now. Everyone’s negotiable, everything’s accessible, and there’s a huge opportunity for dealmaking.” So huge deals to be made in property as well as in the business landscape. That’s why we have our real estate rescue program and our business turnaround program, to be able to take advantage of a situation that really levels the playing field and gets you into properties that had things not changed you probably wouldn’t have been able to access or afford. So that’s with little to no money down and just through knowledge and deal making.

In the property space, probably if you don’t have a business background… Most people know property. They live in a property, whether they rent it or they own it, it’s something familiar, residential real estate. In terms of residential real estate, what we’re seeing at the coalface is more at the moment, more demand than supply. Prices haven’t really come down. What’s happening is people are very comfortable to sit on the sidelines right now because banks have deferred their interest repayments, interest is getting capitalized. They’ve got breathing space. They’ve had breathing space for six months. It was to end in September. People started getting panicky and banks have announced that they’ll allow another four months, and they’ll work with people to get through it and to trade through it with hardship arrangements.

At the same time, they’ve said that they will not allow it past March next year, so March 2021. Until then, people may not feel much pain. But on the other hand, ANZ and some of the banks have come out and said, “Hey, if you can’t see a light at the end of the tunnel, if you’ve lost your job, if there’s no way forward, don’t just sit on a property and keep accruing debt. You may have to think about selling.” Same with businesses. So there are going to be some casualties of war, and if you have the right knowledge, you’ll be able to do a deal and help those people as well. But we’re going to see that on mass. We always see stress and financial duress in history some people go through, we all go through ups and downs in life and they all happen at different times.

It’s just that a once in a hundred year event has happened that’s leveled everybody. There’s very few people that have escaped some negative side effects or some knock on effects from this pandemic. And people have had to pivot and change. Some people have found opportunity in the way that they have adapted and they’ve ridden a wave and they’ve done even better. And that’s what’s possible for you too. So if you’re cash rich at the moment, cash is king, there’s so much opportunity. You just got to figure out where to put your cash and what’s right for you. But so many options out there. Sasha’s said, “I’ve applied for a loan deferral in April, and it has affected my credit report. What should I do now? Because I need to refinance.” Yes, we’ve seen that with other clients as well. So when this all hit, in late March, it was very much fight or flight reactionary.

So banks were just responding and banks have millions of clients and they were literally, it’s something that would take years to roll out. They were rolling out scripts and systems and hiring staff and telesales people and people to deal with all the issues. So they were very much in reaction remote. There was no strategy. There was no forethought. And what has happened is that the Australian Banking Association… So it’s headed up by Anna Bligh, who is former Queensland Premier. She has worked with all the banks so that’s their own industry body. But the Australian Banking Association in conjunction with all its members and banks came out when this started and said, “We’re here to help you. That’s what we do as a bank. Don’t worry about it. We’ll work with you. You’re not going to lose your home. We’re going to figure out a way through this.”

And if we have to go into room, they were talking about hibernation back in March and April, they said, “We’ll go into hibernation. We’ll pause your loan. You can ask for a deferral of payments.” And some banks were just giving everyone six month freezes. So six months you don’t have to pay your loan. One of the banks just emailed its database and said, “We’ve automatically frozen everything for six months.” And if you don’t want to do that, you need to opt out of it because I thought it’s easier to freeze them then to see who wants what? So they asked people to opt out. Similarly, their systems, many of these lenders, their systems just weren’t calibrated quickly enough to adjust to the influx of deferrals. So back in October last year, we had comprehensive credit reporting come in in Australia. What that means is that we watch everything under a microscope like they do in other countries. In America, they call it your FICO score, your credit score.

In Australia, we had credit scores of a sort, and we had some sort of credit reporting, but it only looked at a few indicators like five or six things, when you’d applied for loans, your addresses, that sort of thing. Now, they look at a whole lot more data, and banks have to report on borrowers. So lenders have to give information to credit reporting agencies. So it’s more under the microscope with this comprehensive credit reporting. What it means is if you miss a loan repayment or if you’re late 14 days late, they put that on your credit score and it reflects in your credit report. It lowers your credit score, and it’s harder for you to borrow and you have to pay higher interest rates and that sort of thing. So comprehensive credit reporting, was announced back in 2018 or so. And the banks had time, a couple of years, to get their systems ready to report all that information. Never was actually passed as law, interestingly enough, but back in September 2019, the banks hit the switches and they started reporting all of that data.

So there was a lot more transparency on customers and it became public record on your credit report when you pay your loan. If you make your repayments on time, if you miss a repayment of a credit card or a mortgage repayment or if you pay it late, it shows in your credit report. Some of the lenders we’ve seen with clients have kept this going in spite of COVID. So back in March, when the bank said, “We’re going to allow people to defer their loans because of hardship because of COVID.” And you can do that without it being recorded on your credit report. So that was their undertaking. If you go to their website, you’ll see that they actually say, “We are not going to touch your credit report.” And if, because of COVID, [inaudible 00:07:47], you have applied for a deferral that will not affect your credit report and it will not appear on your comprehensive credit reporting.

But some of the lenders must have forgotten to switch it off because for some clients, it has come through as showing that, yep, you missed your April payment. You missed your May. You missed your June, even though you’re on a COVID deferral arrangement with the bank. So that is something that you absolutely have to fix. Because even if you haven’t noticed it now, clients have noticed it when they’ve gone to say, get a mobile phone contract and they’ve done a credit search or credit check, and they’ve gone… Telstra won’t give you the phone contract because you’ve got a bad credit score. So it’s easily fixed. And you have to really rattle the lenders cage. And they’ll say which they’re saying to us now for our debt clients are we’re really busy. We’re flat chat. We’ll get back to you. Be a squeaky wheel, go to the ABA, the Australian Banking Association website.

And if you click on a, I think it’s a COVID link there, it actually says under their policy and their FAQs, it says, you can defer your loan for six months. And now banks are working with people in hardship and giving them an extra four months. And if you’ve applied for a deferral, then this will not affect your credit report and we will not record it or report it as a missed payment or nonpayment. So you have to quote that to them and make sure they fix up your credit report. Get it fixed now, it’s really important. They’re not allowed to do it. And they don’t mean to do it. It’s just that everything’s happened so fast. And their systems, the right hand is not talking to the left hand. Mahol has asked, “I’ve got a court case where someone owes me $200,000, but lawyers told me it will cost me six figures to get the $200,000 back. So is it worth it?”

Wow. Yeah, it’s a slippery slope, isn’t it Mahol? Because lawyers can’t guarantee. It’s all care, but no responsibility in that sense. They’ll give you the extreme. So they’ll say best case scenario, we can win and it’ll be quick and easy, and it’ll cost you X dollars. Worst case scenario, if everything goes wrong and it all goes against you, it can play out this way and you could have Y dollars and it’s your risk to take. We can make you informed. It could fall anywhere in between. But they’re the extreme. So I would suggest to you, and this is personally as a lawyer, litigation is often not a commercial exercise. So they say to win in law is still to lose because once you’ve paid the legal costs and the lawyers will always get paid. Once you paid those, even if you win and the other side are ordered to pay your costs, they’re not going to pay all your costs.

They may not even be able to pay the judgment. So lawyers will say, before you sue anyone, they’ll say, “Well, hang on a minute. Are they a man of straw? Are there assets? Is there something you can get out of them when you win?” Because when you win a court case, all you get is a piece of paper, a judgment from the court. And the judgment is stamped by the judge. And it says, “Force of law that so-and-so owes you X dollars.” That’s all it is, a piece of paper enforceable at law saying that someone owes you money and it will have an amount. And it’ll say, plus your legal costs. But the onus is on you as a creditor, as someone who’s got a judgment, a judgment creditor to go out and get that money. Just because the judge stamps a piece of paper doesn’t mean they automatically pay.

So often it can be a Pyrrhic victory, from the ancient Greeks, you win the battle, but you lose the war. So you win the battle. You get the stamp on the piece of paper. But at the end of the day, you don’t get any money back. So you’ve got to be able to get the win or get the spoils and there to be a pot of gold at the end of that rainbow. If you can’t enforce the judgment, because they’ve got nothing, then it may not be worth pursuing. So a good thing to look for is the person that you’re suing, do they have property? Do they have an asset that you can put your foot on, if you win? Or do they have nothing? Or if you don’t know, try and do a bit of research. If they’ve got no fixed address and you can’t find them, then it may be that you’re on a fall there and are hiding to nothing, because you get a piece of paper saying they owe you money, and then you can’t get it.

The ways that you’d get it out of them is property. You can register your judgment on the title of property. But once you sue them, they might sell up all their property. They might become a man of straw, so you can’t get anything. So there’s a length of time in court proceedings. Sometimes it can take a couple of years and they can liquidate assets. You can get personal property depending on the amount, and you’ve suggested here it’s $200,000. So you’d have to get a lot of personal properties like cars and computers and things like that. You’d have to seize a lot of those to get your 200,000 back. Or if they’ve got cash sitting in a bank account or anywhere else you can… And it’s a process, you can get what they call an examination summon. So you can make them come to court or swear an affidavit to tell you where they’ve got assets and liability.

So a little bit like when you go for hardship with a bank, they make you fill in a statement of financial position, same thing. But you can get them to swear in court, yep, I’ve got a bank account with ANZ. You may be able to garner till you get money out of an ANZ bank account. But that could be hard as well, because cash and shares and things like that, they’re easy to liquidate. They can pull that money out. So as a creditor, you’ve really got to chase them down to get that money. So think about that for the other side, for those of you who are in debt, it’s actually quite hard to chase someone for money and get it out of them. It’s really difficult to actually shake that tree and have something fall out. It’s a big onus and a big commitment on a creditor, someone who’s owed money to chase after that money, how do they get it?

And what does it cost them to get it? It’s not a commercial exercise. Brie’s asked us, “How do we go about checking our credit reports again? I did this back in May, but it was good back then. And now not so sure after coming out of deferment and have had issues with my lender.” Okay. So yeah, Brie, it should be okay. They are supposed to not mark your credit report if you’ve had a deferral. But they may have done so, so you can go to Equifax and you can order a free one and take a few days. It won’t show you an actual score or number, but it’ll show you what’s listed on your report, one for you. So if I can see your… I’m not sure how you’re watching or through Facebook, but we’ll put up a little link there so you can contact us and give us your details.

And otherwise, I can’t say on Facebook often what people’s addresses are or email addresses, so we can take it offline and contact you. But if you fill in your details there or contact our office, just contact info@dginstitute.com.au, we can order you a credit report instantly and get it same day, and we can read it for you. So basically tell you what it says, what it means and you can compare that with what you had back then. Jacinta has asked us, “I’ve been served with a bankruptcy notice. Can they do that? I always thought there was a six month freeze.” It depends is the answer to that, Jacinta. So what happened is that when everything went pear shaped back in April, the government said, “Okay, we’re going to put a six month freeze on everything.” Remember we went into hibernation. So they said that people could not pursue insolvency proceedings.

I said, “Oh my gosh.” The government basically said, there are a lot of people going to be blindsided by what’s happened. And that means the courts are going to be full of people. Bankrupting, issuing statutory demands, winding up companies. And really this has affected everyone. We just have to have some breathing space. So they put a phrase on it. They said, “If you’ve got the right to bankrupt someone because of COVID, we’re going to give them six months breathing space.” So normally a bankruptcy notice is like anywhere from 21 to 28 days. And the process has started rolling. They serve you. And you’ve got 28 days to respond, otherwise the bankruptcy wheel is set in motion. They’ve now said with COVID that instead of 21 days, there’s nothing that can happen for six months. So that’s going to come to an end in September.

So technically, no, they can’t serve a bankruptcy notice for something that happened or debt that was incurred or loss that happened post-COVID. If you had a judgment, they’ll need a judgment to get a bankruptcy notice. So my guess is between March and now, and I don’t know your situation, you can perhaps fill in one of those. And if you go to that link and fill in your details, we can take it offline. But my guess is it was a judgment that they had pre-COVID. So something from last year, that’s not protected by that force field, that six-month moratorium in bankruptcy. So they may be pursuing an old debt and it may fall into that category. But there’s still stuff you can do with the bankruptcy notice, and it’s possible to have it set aside. Don’t do nothing.

So what happens with the bankruptcy notice is they’ll give it to you. You’ll get served with it. And it’s probably a 28 day bankruptcy notice, within 28 days of the date of service, then it’ll say it on the actual document you got. If you do nothing, it’s taken to be an admission and you’ve committed what they call an act of bankruptcy. So noncompliance with the bankruptcy notice, the notice probably says, pay this money. Noncompliance with the bankruptcy notice within that period is deemed to be the commission of an act of bankruptcy. They can then go to court, they will file a creditor’s petition, and it’s a slippery slope from there. So you want to be able to challenge the bankruptcy notice. So there’s a few ways you can do that. You can look at the formalities like they may have… In my days it happened very often in debt collection. They miscalculate the interest. They miscalculate dates, data, names, spelling information.

It’s very precise process. So we can look for anomalies to get it set aside. That only really buys you time to headache for them to have to start all over. And in that time, maybe you can negotiate something. Or secondly, you can look at if it’s a default judgment. And it sounds like it might be, if you were blindsided by this. Sometimes they can start court proceedings if you don’t file a defense in time, they get a judgment by default. But if you’ve got a defense, if you really do have a good defense and it’s just that it never saw the light of day, the courts tend to set aside bankruptcy notices, allow you, you can put on an application in the court where they got their judgment to set aside their judgment and to argue your case. If you don’t have a defense, then that might be another story.

And they’re two different jurisdictions. But you can hold one off, get an adjournment of the bankruptcy case while you deal with the other one. But there’s a few legalities there. So we might want to take that offline if you go to that link and fill in your details, we can contact you or you can go to legal@dgilawyers.com.au. Marina said, “I know I can defer my commercial rent and have some waivers under the mandatory code, but can I negotiate a lower lease payment going forward as well?” Yeah, that’s a great question. And yes, the answer to that Marina is yes, we’ve been doing that for clients actually through our legal team and in our debt management department. So what you can do… So just to recapitulate, we brought in, in April of this year, the government brought in the federal government at a federal level, a mandatory code for commercial leases.

So what that meant was, and it calculated a formula for what would happen if a tenant was in trouble on a commercial lease. And the formula, due formula, part of the rent was waived and the other part was capitalized or added to the back end of the lease, and leases were extended for up to six months. So that you could pay out the backlog over time and not really feel the pain of it. And the amount of the reduction depended on the amount of reduction. So it was proportional to the amount of reduction of earnings of the business. And you’d have to show the landlord that, that you had a drop in income. But on top of that, so that’s mandatory. There’s a formula for working that out. The landlord will usually stick with that, especially the big landlord Stockland and Mirvac and the like, they’ll just stick with what the formula is.

But you can actually go back to them and say, “Okay, that’s great. You’ve done your legal obligations. And we’ve worked that out according to the formula. But now we want to negotiate something different.” So like Jay Abraham said on the weekend, “Everyone’s doing deals. There’s never been a time like this in history for deal-making.” So the letter of the law where we say, “Oh, well, there’s a contract. And that’s what the contract said. And that’s the words of the contract. So we just have to stick with that.” That doesn’t seem to apply anymore. Everyone’s being really, really commercial, because like we said earlier, yeah, the contract says something, but what does that mean? I can go to court. I can argue about a contract. I can win the case. I can get a stamp on a piece of paper and get a judgment. How do I get my money back? Doesn’t really help. I’d much rather save on the legal fees, kind of deal with you now, but in the hand, get some money now.

So that’s why everyone’s negotiable. This has been a massive domino effect. COVID was the first domino, laws change, money… It’s like a game of musical chairs. There’s finite money and everyone’s grabbing for it. So people are really, really negotiable. So in terms of leases, yeah, landlords are going back and going, “Okay, I’ll give you a 10% reduction on the rent. The rent was $4,000 a month and let’s knock $400 a month off that.” They’d rather keep a tenant in place than have to go about having a vacancy rate. You going on to having to find, advertise, find a new tenant, all that sort of stuff. It’s just a headache and a nightmare for them. So they’re really negotiable. People who are wanting to sell businesses, so we’ve got a lot of clients who have said, “Well, I want out now, this is just a whole too hard for me.” But if I’m going to pass the business on, the new owner’s going to want a longer lease and it’s only got six months left to run. How great is that?

The landlord’s getting an option, a potential to renew the lease and they’ll take a drop for that, as well, in rent. So all the terms of the lease can definitely be renegotiated right now. Jacob’s asked, “Why can’t distressed owners put their home on the market themselves when there is equity left? Is that because there’s caveats?” No, you could. They can absolutely sell their home themselves when there’s equity left. And many of them do do that. The few problems there that they’ll face, some they know about, some they don’t know about. So first thing to note is that when you’re in distress and having been there myself, you’re not really thinking clearly. So you don’t think, “Well, my house is worth a million dollars. Yes, I’m distressed, but I’ve got $500,000 worth of equity. So I’ll sell now. Weigh ahead of any problems and I’ll get my $500,000.”

I believe that’s going to happen now. So I think that people have not been blindsided. People have been given six months and then another four months by the banks and the banks are now saying, “Hey, if there’s no way out of this, sell.” They’re encouraging people to sell. So we’re going to see more stock coming on the market. I believe towards the end of the year, at the moment, everyone’s just sitting on the fence. Sellers aren’t selling, even though they’re in trouble because they’re not feeling pain and they’re not having to make their repayments. But there will come a time in the next few months where they’re all going to go, “You know what? I don’t see a way out of this, better take my winnings and go. Got to keep my equity and go.”

So yes, we will see more supply come on the market. And it’s a law of supply and demand. So we’re going to see more stock. It’s really tightly held. Like stock available on the market has dropped in the last, since COVID basically, and dropped quite significantly. So I think CoreLogic’s recent figures said, “We’ve got over 12% nationally less stock on the market now.” So people are doing nothing, when in doubt do nothing. So I think that yes, distressed homeowners have had time. It’s not such of adrenaline fight or flight. They realize that they’re in trouble and they will use the next four months or so, the extension of the loan deferrals to sell and take their equity and go. Other people may not see, they’ll put their heads in the sand. They’ll say, “This is my home. Where will I live? What will I do? The kids are at the primary school. I don’t know what else to do.” And they’ll just do nothing.

That’s where it will sneak up on them, and the banks will start to take action, and then it’ll be too hard for them to refinance. Because once you’ve missed loan repayments, and you’ve got a bad credit report… Banks ask for loan statements, they’ll want to see that you’ve got a job. They’ll want to see that you’ve made your payments on time for the last six months, all that sort of stuff. And they’ll look at your credit score. So once you’re on the slippery slope, it’s hard to get out. And if you’ve got nowhere else to buy and people are scared, they tend to do nothing. So that’s that whole rabbit-in-headlights syndrome. The other thing that may stop people selling and you sort of identified at your curb is if they’ve got, not a caveat or they may have a caveat, they may owe other people money who’ve registered on the title, like a judgment or something.

And we’re seeing this a lot, sometimes they have a portfolio of properties. So they may have some bad properties like mining town, something at Karratha that is like $400,000 underwater. In other words, they bought it for a million. It’s now worth less than $600,000 so they owe the bank the shortfall. They can’t sell Karratha because there’s debt in it. If they sell the good property, maybe their family home has $500,000 equity in it, what’s going to happen is that when they sell their family home, the Karratha, the bank’s going to say, “Well, thanks for selling that. I know you only owed $400,000 on this property and you’ve got 600,000 equity, but we’re going to take that $600,000 and pay down Karratha.” So instead of going a million dollar mortgage on Karratha, you now owe 400,000. So they’ve lost their home, paying off crappy debt on a mining town property that’s just lost money, and will never ever come back. And it just means that their debt to the bank is lower.

And banks can do that under cross-collateralization. But they can also do it under what they call the all monies clause. So that’s in the loan contract, in every mortgage contracts that says, “If ever you owe us money, we can charge or take it out of any other asset that you owe us money on.” So they’re stuck between the devil and the deep blue sea. So there are a lot of reasons, human, economic, emotional, contractual, in loan contracts. Jacob’s also asked again, “I’ve had property for the past seven years that I wanted to develop, but something always blocks it. Now with COVID, our build time has been pushed down again and postponed. I’ve not signed my contracts and I’m still free to do as I please. I could still sell now and double my investment or should I wait and develop around another one and a half years total? I’m thinking I should cash myself up considering the opportunities that are coming, what do you think?”

Gosh, it depends on the deal, Jacob. And how long it will take to develop. It sounds like you’re in a comfortable position. I know that a lot of developers and people say with development comes headache. A lot of people like to sell the potential and the problem to someone else. So here’s the upside. You go make the money on it. I’ll just take a [inaudible] of the ticket now and sell the dream. So you can get the subdivision and let someone else deal with the builders and the headaches and everything else. I personally, I don’t know if this helps you, but I personally had a development site in Queensland and I’m looking at it going okay. I could get stuck with this. I get stuck with headaches. I get stuck with builders.

Where will this site go in the next few years? Is it going to go up in value? If I do the heavy lifting and all the work now, what am I building into? Am I going to sell it all off the plan now? How’s that going to look? And what’s the opportunity cost if I sold that site now? Even if I drop the price to move it and get my cash out, can I do more things in the Sydney market? And that’s not to say that rats from a sinking ship like development sucks. I’m not going to do development. It’s actually the other way. I can do more development in New South Wales. So for those of you who are from interstate, or maybe don’t know here, it seems to be a little bit of a sleeper, but we have a new complying development code that came in on the 1st of July.

So it means that for example, in the past, in New South Wales, and in other States, you can do granny flats without actually having to go through DA approval. So what will happen is you’ve got a house and they’ve realized, look demographically, people want dual income. We’ve got straining population in capital cities, in Sydney, and we need higher density. We need to build more homes to accommodate people and it’ll help people to have a granny flat they can rent out to someone else. Someone else gets to live closer to Sydney to their work. And someone gets a stream of income. So to encourage that sort of development, they said, “You know what? Don’t even bother putting it through council. Here are the terms. The block has to be this size. It has to have a setback of this. It has to be no bigger than that.”

As long as you fit within that blueprint, you can just do that. You don’t have to go through a whole DA process with council. And that works so well, they said, “You know what we need? We still need higher density. So let’s have a code where we just set out the parameters.” And again, they don’t have to go through a big long DA process. So they’ve done it in New South Wales and it’s just come in. It took a couple of years in the making because the local councils couldn’t get on board with it. But they made the line in the sand the 1st of July so it’s just come in this month. And what it says is, for example, it’s what they want to fill in the missing links in what’s happening and in what’s allowed under building code. And one of the things I want to encourage, for example, is manor houses. Manor houses, M-A-N-O-R, are two up, two down so like apartments.

And it helps for multi-generational families can live in the same premises and it helps again for higher density. And they said, as long as you fit this blueprint and these parameters for architects, for designers, building designers, for certifiers, you don’t have to go through council. You just have to make sure it fits in this overlay. And they’ve done the same for townhouses that are joined. So as long as it fits the parameters and is in the zoning, you can just do it without a DA. So anyway, that was a long answer, wasn’t it Jacob, to your questions? But ultimately, am I better off doing the site in Queensland or cashing out and doing something here? And I think the opportunity is bigger and the upside is bigger in New South Wales. Not many people know about the new code. I can go around and get the sites that fit that.

And there’s much more opportunity, or I can put my foot on the sites now with that money and get options, and build something bigger. So it’s being ahead of the curve. They say you go to Wayne Gretzky, great ice hockey player, said, “I don’t go to where the puck is. I go to where the puck’s going to be.” So the puck is going to be in the future, I think in a rising tide of property, but differently, not what we’ve done before. And I’m not in the way that we’ve done it before. And yes, there will be an opportunity because of unfortunately, a rising tide of distress. This debt, and this situation will have to be worked through. We can’t avoid the pain. So far, we’ve deferred the pain, but there will have to be a day of reckoning, unfortunately. Doesn’t really answer the question without knowing more about your situation and your priorities. I’d just encourage you to think about the opportunity cost and the risk reward there.

Seems to be no more questions for today. It’s been great catching up. So now we’re going to do these every other Thursday. We’re going to do our stage plays fortnightly as well. So send in your questions ahead of time. I love to engage with you. What do you want to know more about? Ask me so I can prepare. What I don’t know, I can find out. And because we’re a one-stop shop and we’ve got a team of experts, I’ll get the right mind. I’ll pull Don in from accounting or whatever you need to know. We can get the information for you. But I don’t know what I don’t know. So talk to me. Otherwise, follow us on Facebook to get regular updates. And don’t forget, you can share all this with your friends, just tag them into the comment section. And if you’re watching on YouTube, don’t forget to subscribe and hit the bell so we can notify you every time we have new content. In the meantime, stay safe, take care. And we’ll talk again on the next AskDom.

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