I've owned a couple thousand houses that I rented long term in I own thousands of apartment

units now in 2006 my net worth went up 17 million dollars while I slept and I thought I was unstoppable, thought it was

a real estate God, you know when that happens, it has a tendency to maybe give you a little

reckoning, well that was 2008. I lost 50 million dollars conservatively in 2008 and

nine and you know so what I'm known for talking about on my podcast and my boot camps

is really the mindset it took to have 50 million to lose in the first place and probably more importantly is the mindset it took to recover from losing everything.

Yeah. And so, you know, that's, I spent a lot of time on that and I got very interested in mindset I had somebody help me when I was young and taught me about mindset

And then I spent 20 years following Tony Robbins around the planet was on his team for a while and he's the best in the world at it obviously and

but and I'm I'm love I love high performance I love motivation and self actualization and goal setting and all the things associated with

you know actually taking action.

So how many units you own right now?

Do you know? Just under 5,000. Oh my God. Yeah. How much? Those are

apartments. I don't have houses in here. How much cash flow do you make from

5,000 units?

Well, the way it works in syndication, I've only, I've been back in the business a little over three years.

The way it works is we syndicate deals, okay? So we'll raise money for those deals and

then we reposition them. So we go and we buy them, we fix them up. The way commercial real

estate works is it's valued based

on a multiple of the net income it's called the NOY the net operating income and any

increase to that net income is an exponential increase to the value it's about

17 to 20 dollars to every $1 increase in income.

And so the model is you go and you do value add purchases, they're called. So you go and you fix it up you you improve the

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