4.8 • 2.1K Ratings
🗓️ 14 June 2024
⏱️ 97 minutes
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0:00.0 | You exited your rehab facility company for 115 million back in 2021. |
0:05.0 | A lot of people don't even know, but you exited the real estate of that in 2022. |
0:10.0 | I was the owner-operator CEO of the growing business but at the same time I had a real estate |
0:17.0 | holding company that I was developing the real estate assets in a leaseback program to the |
0:22.4 | growing company. |
0:25.0 | So we were talking about this, like you exited your rehab facility company for 115 million back in 2021. |
0:33.0 | A lot of people don't even know, but you exited the real estate of that, in 2022. |
0:38.0 | Yeah, yeah, you know, obviously the headline of 115 million dollar exit kind of stole the spotlight, but what wasn't featured |
0:45.4 | in that is all the real estate development I did alongside it. |
0:49.1 | And so I was the owner-operator CEO of the growing business, |
0:56.4 | but at the same time I had a real estate holding company |
0:59.8 | that I was developing the real estate assets in a leaseback program to the growing company. |
1:05.9 | Yeah. And so creating this entire ecosystem of wealth creation, tax benefits, cash flow, etc. |
1:15.0 | And then eventually sold the business for $115 million, |
1:19.0 | worked some gymnastics on the lease structure on my way out created an even more value in the real estate as a result of it and then sold that off to a publicly traded reed the following year in 2022. |
1:34.4 | Yeah, you had great timing. |
1:35.7 | You got rid of the real estate before things so much of my story. |
1:39.8 | They're like, oh, you're so good. |
1:41.2 | I'm like, dude, I'm kind of of good but like so much of it was timing it |
1:44.4 | really was yeah I mean December 21st 2021 is when I sold my business when you think |
1:50.1 | about the highest travels highest highest multiples, lowest interest rates, everyone's |
1:55.4 | happy, you know, cryptos through the roof, they're selling pictures of, you know, |
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