2.5 • 884 Ratings
🗓️ 28 December 2023
⏱️ 8 minutes
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| 0:00.0 | We're 12,000 doors now. |
| 0:02.0 | Wow. |
| 0:03.0 | And it has been a wild journey, raised $400 million from 2,000 people to do that. |
| 0:08.0 | Wow. |
| 0:09.0 | And yeah, mobile home parks, sell storage, and apartment complexes. |
| 0:13.2 | Okay, so like with these 12,000 units, |
| 0:16.4 | do you know about how much cash flow that is? |
| 0:18.6 | I know about how much cash flow that is. |
| 0:19.2 | I say that because at the end of the day, |
| 0:22.1 | and I talked about this on Ryan's show last time I was on it's like I'm the last one to get paid. |
| 0:27.0 | Yeah. This one right when you look at syndication which is what I do. I'm the very last one to get paid and so they're like for me in terms of income yeah I make none as the owner of the company no income |
| 0:38.7 | yes no income I mean I invest in every deal so I make income in terms of as an |
| 0:44.5 | L.P as a limited partner yeah the way a syndication works right for those who are |
| 0:48.4 | new to this there's limited partners and there's general partners in a deal. |
| 0:52.8 | General partners are the one running the deal. |
| 0:54.7 | I'm running the deal, but I also 100 employees. |
| 0:56.9 | So I've got me, general partner. |
| 0:59.0 | I don't make money as a general partner. |
| 1:01.8 | My team does. They get salaries, we get acquisition fees, |
| 1:04.5 | we get all the stuff, I just don't personally, |
| 1:06.4 | I don't profit from it. |
| 1:07.6 | I get a small salary to keep the IRS |
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