And that's one thing people don't realize about like the development game or even just the fun game in general. It's like,

Dude, you ain't making money for a long time. And I tell people that because you know we have Panetta Capital and we're in over over 600 units now and I'm like guys like I have

literally like not made anything just so you guys know there's a reason I got to hustle and

make some content and you know flip some houses and throw some events because those are like active

income things right now. But my rentals, you know, are fond. You make your money

when you exit. That's when you make the money.

Yeah, that's when you make all the money. And there's a couple ways you can do it, right?

You can, if you like the asset, why I like new construction is if you think about the lifetime of our asset, right?

Rather than buying an old one fixing it up, etc.

Oh, bro, give me a new one all day.

Exactly.

The lifetime's longer.

So there's two ways we can get our capital out, right?

We can, for example, our rents are higher than we expected. Now the value of the

property is 25 million. We could put additional debt on there if it services us and get some cash out. We could go and probably get one or two

million dollars tax free out of that property. That would be right away in year one.

In year seven we could look at hey do we want to sell it or let's say it's worth

30 million at that time because

rent's gonna grow two three percent a year right we're gonna see we're gonna see

some good growth there in general cap rates so we get back to normal

exactly we can sell in 1031 or we can just refinance and have it be a you know a

tax-free event so it's it's just one of those games I think the key thing is to to look at it

...