Remember this when you raise the money. A confused mine doesn't act. And so what I mean by that is if you look at all these apartment syndicates out there, they have waterfalls and all these complex returns and if we hit this target, then you're going to get this return and preferred.

It's confusing.

Investors have a lot of questions like, what is this and what is that?

A lot of times these operators, I've heard them on calls, they don't even have to explain their own

returns. Where's this waterfall going? What's going on? I've heard them on calls. They don't even know how to explain their own return.

Where's this waterfall going? What's going on? Yeah. Yeah.

Welcome to the Rich Summer's report where we talk real estate, business and wealth

building all while keeping it real. No fluff, no BS.

I hope that you enjoy the show.

So with Summer's capital now, is are they individual syndications per deal or did you guys do a fund or like let's just talk about that

So the right now we're going to do individual deals if If we take down a few more hotels and

we have a few more in the pipeline, I'd love to explore the idea of creating a

launching a opportunity hotel fund so that way we just have hot money that's ready to go to work but as for now it's a single asset but the way that we're taking down these deals is a little bit unique

So our business model is the steep value ad stuff So we know if we find the right deal,

we can buy it at a discount,

and we have room to really, really grow that NOI

and force that appreciation.

We actually will not solicit equity or give offer equity to our investors.

We'll bring in investors, we'll give them a great return.

The last one we did was 20%, fixed return, paid monthly, which is great. I mean right now in this economy I don't

know where else you're going to find a fixed 20% return paid monthly. You're

definitely not getting that in stock market and you're not getting that in

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