Today my interview with Peter Risko on the Get Out of the System podcast is live! In today’s episode Peter and myself talk about experiences within real estate and the importance of building long-term relationships with clients in the industry. We also discuss Peter’s business model of buying future cash flow without taking ownership and emphasizes the need for understanding the industry and avoiding mistakes. The speaker believes that merchant cash advance investment is the best way to make money. 

Consider investing in tomorrow's sales at today's discount through business to business transactions- not sure what that means? Listen to the full episode to learn more!

____________________

⭐️ Watch the FULL video on Youtube ➡️ https://youtu.be/tZPn1BOGy3Q

Sources: www.jlmrealestateinc.com

Sources: www.jasonjospehlee.com

Interested in Investing? 🏘 Email me: [email protected]

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

____________________

Connect With Guest Peter Risko:

SIGN UP TO BE AN AFFILIATE: https://www.mcabrokerbootcamp.com/affiliate_users/sign_up

Peter’s Website: https://peterrisko.com

MCA Website: mcabrokerbootcamp.com

Instagram: @mcabrokerbootcamp

____________________

Video Translation:

Jason Lee: All right, welcome back to the Get Out of the System podcast. This is your host, Jason Lee and today I am joined with Peter Rico. Peter. Thank you so much for coming on. How are you doing? My man.

Peter Risko: I'm good. I'm good. Thank you. It's a pleasure to be here. Pleasure to meet you.

Jason Lee: Yeah, pleasure to meet you too. Yeah, I'm glad, a mutual connection connected us, Steve.

Peter Risko: Absolutely. Listen, I tell you, Steve is Steve is Aces.

Jason Lee: Where are you from? Where are you based out of?

Peter Risko: I'm based out in New York. I'm at 40 Wall Street. The Trump building. Been down here for a few years now. I'm originally from New Jersey. You know, I live in Jersey, but our headquarters is down here in New York City.

Jason Lee: Nice. How's the weather out there right now?

Peter Risko: Today? It's almost 60. It's really nice. I walked out with my coat and I threw it in the, in the truck. I didn't even put it on. I was shocked. I like the first day I haven't worn a coat in months, months, months. Where you located?

Jason Lee: I'm on the other side of the US I'm in San Diego.

Peter Risko: So I'm, as far as you can get, I was just out there in San Diego about two weeks ago. Oh, man, time is flying, like in January, mid January, late January. We were out there with, I brought my wife and kids. We went out to Vegas, look at some property, then we went over to L A. My kids always wanted to go to the top gun restaurant. Oh, cool. Right down there. Kansas Chicken or something like that. I don't know if you're from there.

You might know. But we drove all through the city, you know, we had a rental and then we went up, back up to Hollywood to finish up our trip. But yeah, we just came back. San Diego is a really nice place. But I tell you, I enjoyed it. You guys had the Marino over there with all of the ships. It's kind of like New York on the, on the west side with the big battle ships. Yeah.

Jason Lee: Yeah. Was that your first time?

In today’s video I want to talk about how paying income tax to the IRS as a W-2 employee is hindering people from gaining wealth and ultimately keeping them from financial freedom. Rental property ownership is vital in building riches and decreasing taxable income to ZERO. Cost segregation should be used to reduce taxable income and a 1031 tax exchange can reset deprecation schedules. Overall, purchasing assets like real estate is road to entrain to deduct your taxes!

___

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Interested in Investing? 🏘 Email me: [email protected]

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

_______

Video Translation:

"Paying income tax to the IRS every single year is keeping you poor and it's keeping you at an income level that you just can't surpass and you probably don't even understand how bad it is if you're a W-2 worker and you're not a business owner because it just gets taken out of your monthly check or your biweekly check every single time. And in this video, I'm gonna show you exactly how you can stop paying so much in taxes if you don't know me. My name is Jason Lee. I'm a real estate investor and broker here in San Diego. I have over 17 properties in San Diego. Tolling over 119 units. And I've got about a $50 million portfolio value. We've sold real estate to my clients, to people in our industry and we've sold over $250 million worth of real estate in the last four years. This is according to my CPA. If you are single and you make in between $41,775 and $89,075 a year, you are paying 22% of your income tax directly to the IRS. If you make over $89,000 a year and you make up to $170,050 a year, you are paying 15,000 $213.50 directly off the top to the IRS, whatever you make. And then after that, you're paying 24% of what you have left directly to the IRS. That's national taxes. So everyone is paying that, that level of taxes. Now it gets even worse if you live in California, like I do, I live in San Diego. You are paying 9.3% to California. If you make in between $66,296 and 338,000 and $639 9.3 percent off the top on top of the federal taxes to make it worse. If you are a really high income earner, if you're making 338,000 $640 a year, up to $406,364 a year, guess how much you're paying in taxes? 10.3% to California. If you're a corporation like I own, you're paying 12.3% to California right off the top of whatever you make, whatever gains you make in your business. So basically, if you live in California, you're paying 31 to 38% of your income directly to Uncle Sam and the state of California. That hurts if you're making $200,000 a year, you think you're on top of the world, you're really not because in reality, you're giving about 70 to $80,000 to the IRS and you're left with about 100 and 25 $5000. If you're making 100 grand a year, you're not making 100 grand a year, you're making like 60 to 70 grand a year. And this is why it's so damn hard to get ahead in our country. So much of our income just gets wiped out by taxes and it's the most painful thing. Every single April, if you're a high income earner, you definitely feel my pain. Even if you're making six figures or 80,000 or 90,000"

Entrepreneur and motivational speaker, Evan Carmichael joins us on the podcast and shares with us on building a successful YouTube channel by creating relationship-focused content and serving his audience. He emphasizes the importance of consistency and improving communication skills. Evan believes creating YouTube content is the best way to help others believe in themselves. Additionally, he delves into his recent books, "Built to Serve" and "Momentum," which both focus on finding purpose and making it a business. Finally, Evan advises aspiring entrepreneurs to surround themselves with positive mentors and make it a daily habit. Please welcome Evan Carmichael to the Get Out of The System Podcast.

___

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Sources: www.jlmrealestateinc.com

Interested in Investing? 🏘 Email me: [email protected]

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

_______

Connect With Guest Evan Carmichael:

Youtube: https://www.youtube.com/@EvanCarmichael

Instagram: https://www.instagram.com/evancarmichael/

Twitter: https://twitter.com/evancarmichael

Facebook: https://www.facebook.com/EvanCarmichaelcom/

SnapChat: https://www.snapchat.com/add/evancarmichael

Check Out His New Book 📚 “Momentum”! ⬇️

https://believe.evancarmichael.com/momentum-bundles

Video Translation:

"Yo, what's going on everyone? Welcome to another episode of Get Out of the System in this show. I have a very special guest. Honestly, I'll probably butcher the intro because he's accomplished great things. He's got a lot of followers. So the business, he's a motivational speaker. He's done many big things. I'll let Evan take that away. So I got Evan Carmichael here. Evan, how are you doing? I'm great, Jason. Thanks for having me, man. Let's do this. Yeah, of course. Well, again, thank you so much for your time. But to kick up the show, would you mind just giving the audience a little bit about your backstory and who you are? Sure. I think people would know me either for my books or my youtube channel. I struggled a lot as an entrepreneur and quit on my business partner. I think ultimately, your purpose comes from your pain. Whatever you struggle the most with is what you want to help other people through. And because I struggled so much as an entrepreneur, I wanted to help other entrepreneurs not struggle so much. And so that led to me speaking, making youtube videos, writing books doing all the fun stuff and now talking to Jason Lee, amazing. I guess the first question I have for you, it comes from me personally because I'm in the process of trying to grow my youtube channel. How did you grow your channel to millions of subscribers? So how I did it may not be the best way for how you can do it right now. Early on youtube, I started in 2009 and it was a completely different game than it is now where education was not the main thing. I made a six minute video and people told me it was too long and I was crazy and nobody would watch a six minute video. Now youtube is the number one place you could go to, to learn, the best teachers are on youtube. You know, they're not in schools, they're on youtube. So I would start with you with this. Well, what's the main thing that you actually want to sell? I mean, I'm looking to help real estate investors"

Today I am sharing my 7 secrets to building a successful real estate portfolio. It's so important to be financially prepared and develop good relationships within the industry. That's just the beginning. In today's episode, I share some more investment strategies to grow a portfolio quickly- be sure to listen to the entire episode to take away all the tips I have!

___

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⭐️ Register for my FREE Multifamily Masterclass Today! Spots are Limited! - https://www.multifamilymasterclass.li... ⭐️

Sources: www.jlmrealestateinc.com

Interested in Investing? 🏘 Email me: [email protected]

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

_______

Video Translation:

"...And I have built my portfolio to over $50 million here in San Diego in under five years. And I also own a commercial real estate brokerage and we have sold over $250 million of the real estate in the last four years. And in this video, I'm gonna show you how to build your own real estate portfolio today. So in order to buy your first property, you need preparation, this is what you need place before you actually start investing. So you have to take control of your finances. This means your credit score, your debt to income ratio and of course what savings you have. It's very important to understand these three things before you buy your first property to make sure that you can get the best loans and you know exactly how much you can spend without putting yourself in trouble. So let's start with the savings part of it, in my opinion. And what many smarter people before me have said is that you want to have a year's worth of savings in your bank account. Once you have a year with the savings, you can invest everything else. So if it costs you $10,000 a month to live in San Diego, you need $120,000 to cover yourself for a year.

So whatever you have in your bank account, an excess of $120,000 you should be investing because that year's worth of savings is your emergency fund. Don't be like Poppy, you got to have an emergency fund. She's too risky and invests way too much without having any sort of savings. If you just keep your money in the bank, you're never going to become wealthy. Have to invest your money, money in the bank does nothing because of inflation because of what's going on today.

Your money is only going downhill if you're keeping it in the bank. Next, let's talk about credit scores. So in order to build your credit, you have to make sure that you never have a late payment and that you have a long history of good credit. The fastest way to build your credit is to apply for high credit line credit cards that also don't underwrite you very strictly. So American Express Platinum is a great credit card. The Chase sapphire is a great credit card. The fastest way to build your credit is to spend everything that you spend today. Even your rent, your groceries, your car payments, everything put that on a credit card and pay your credit card every single month on the first of the month. No matter what. If you pay your credit card every 30 days, you will build your credit extremely fast. Build your credit score because the higher your credit score, the better loans you'll get, you're way more likely to get a loan from the bank. If you have a 750 credit score versus 600 you want to be at a minimum 700 to really have good credit..."

Today’s episode is about real estate investing and the importance of having a strong team to grow a business. Chris and I talk about potential actions for listeners: like expanding their business, exploring partnerships and syndication deals, leverage technology, and exploring different marketing strategies. Chris shares insights and strategies for real estate investors who want to grow their business and achieve success in the field.

___

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Sources: www.jlmrealestateinc.com

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

Connect With Chris:

Email: [email protected]

Website: https://www.groundswellassets.com

Instagram: @chrisclosesyourdeal

Youtube:  @RealEstateInvestingMadeEasy 

_______

Video Translation:

"Chris, thank you so much for coming to see, man. Gonna do an in person podcast with you. Absolutely, man. Yeah, it's my pleasure. I've been looking forward to it. So excited to dive in. Awesome. Where are you from again? From Philadelphia originally. And when did you move to San Diego moved here about 11 years ago, 11 years ago, how you like it in San Diego? Love it. Never wanna leave uh outside of, you know, basically love everything except for the politics. But you know, hey, what are you gonna do? That's the only loss then it's a game. So why did you decide to move from the east coast to the west coast? Actually, I was following a girl. So I was dating a girl on the east Coast. She was an attorney, she got a job as a federal defender here in San Diego. And so I was coming to be closer to her. And then long story short, that relationship actually ended before I made the jump out here. But I had all of the things lined up, job house, everything was all lined up and I was like, you know what I I really need to change, you know, where I was at, outside, we moved from Philadelphia to outside of Philadelphia. And it's just kind of one of those town places where everybody's going nowhere fast. You know, I just knew that for me to get to the level that I want to get to in my life, I need to step outside of my comfort zone and experience some new things. And so it was the best thing that ever happened. So I'm guessing Philly was your hometown? Yes. Oh, yeah, you always gotta get out of your hometown. Right. Yeah, for sure. For sure. Nothing ever good happens when people stay in the same spot their whole lives. Yep. Totally. I agree"

Watch this video to learn how to retire from your job in less than one year with real estate investing! Don't miss out on this opportunity to learn about investing in multifamily properties and potentially grow your wealth!! 💸💸

In this video, I share my insights on why multifamily properties are a great investment option. I highlight the benefits of steady cash flow, principal paydown, tax advantages, and appreciation. If you're considering investing in real estate, this video provides some valuable information and actionable steps to take!

___________

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⭐️ Register for my FREE Multifamily Masterclass Today! Spots are Limited! - https://www.multifamilymasterclass.li... ⭐️

Sources: www.jlmrealestateinc.com

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With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

___________

Translation:

Have you wondered how you could buy your first multi family property or your first apartment complex on this video? I'm going to show you exactly how to do that even if you're a complete beginner just so I can show you. I know what the hell I'm talking about. I am a real estate broker, a commercial real estate broker here in San Diego. I've done over $250 million in sales. I own a portfolio of over 100 units, tolling $50 million in portfolio value with my partner and I here in San Diego County. Be sure to stay till the end of the. So you can see some big bonuses on how I built my real estate portfolio so quickly by the age of 26. So let's start up point number one. What is a multi family property? In the simplest terms, a multi family property is an asset, a real asset where there's more than one family or more than one tenant living on the property. So a duplex triplex fourplex ale 100plex anything that has more than one unit is a multi family property. And why are multi family properties so valuable for investing and so beneficial. The reason why they're so beneficial is because they have the four benefits that no other asset has steady cash flow principal pay down depreciation, which is also known as tax benefits that I'll mention later in the video.

And number four, you have appreciation. Of course, it's also highly in demand in San Diego. We are over 70,000 units behind on me the amount of renters that need homes. According to sand, a a large San Diego housing analyst here at, if you're a renter, it's hard to find a place to live. If you're an owner of multi family, this is really good for you because this means rent prices will go up because supply and demand, low supply, high demand prices go up. And also if you're looking to buy an apartment complex, there's a lot of competition out there. A lot of people want to own multi family. When COVID happened, there was a huge exodus from retail and office owners selling out of those properties and they all went into multi family. There was even a ton of hotel operator who sold a bunch of hotels and bought multi family here in San Diego.

I saw a ton of that happen. It's actually how I built a big client base down in San Diego. Honestly, my favorite thing about multi family properties is pure cash flow. The cash flow in my buildings are amazing. I mean, I'm making a passive income of about 25 grand a month from my properties net after all expenses after loan expenses, it's been absolutely amazing."

In this episode of the Get Out of the System podcast, real estate agent Rob Stein discusses the importance of education, mindset, and taking action in achieving financial success. He emphasizes the significance of a relationship-based business model and offers his Earth to Orbit course, which teaches free lead generation methods and a bulletproof business plan. We also discuss the qualities of successful agents and the Austin real estate market.

___

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Sources: www.jlmrealestateinc.com

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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Connect With Rob Stein:

Website: https://www.launchwithrob.com/earth-to-orbit-course

Instagram: robstein_impossibletofail

Translation: "All right, welcome back to the Get Out of the System podcast. This is your host, Jason Lee and I've got Rob Stein joining me here. Uh Rob is a master real estate agent over the past 20 years. Um He's developed a life changing process in the impossible to fail framework. Uh allowed him to achieve a level of wealth and financial freedom that he previously thought was only possible for the select few. His formula gives entrepreneurs and business owners the blueprint to success and he's got an exciting new uh course coming out as well that I'm gonna let him talk about more. But to kick out the show, Rob, would you mind discussing uh more about who you are and your story? Absolutely. And Jason, I just want to say it's an honor and a pleasure to be here. Thanks for having me, man. Uh You were on my pod podcast recently and it was such a blast and it's gotten a lot of, a lot of views already. So, thanks again for having me on. Um Yeah, I'd love to share a little bit about my story. You know, I love the theme of your podcast because I feel like it's a, a pretty good summary. Um I used to be a underpaid, overworked middle school music teacher. Um, you know, primarily I'm a, a husband and a father. I have an incredible wife and a wonderful little girl. And, you know, my family is definitely my primary purpose um on the business perspective. You know, I started out as a musician, got my bachelor's in performing trumpet, trumpet, performance masters in education and was a middle school teacher. Uh I quickly realized I loved teaching, but I didn't love doing it in the public school setting. Um So I started my first business in the music composition and publishing space, eventually built that up quite significantly uh to about a quarter million dollars a year and was able to quit. My teaching job, got in shape, went from overweight out of shape to a, a championship level natural bodybuilder. And then around that time was also when I got into real estate, around 2018, um started out learning the investment and with my dad and then my wife and I just really saw the potential that real estate had. Uh and we burned the docks, we left New Jersey where we were owned our home and were born and raised, moved here to Austin, Texas..."

In this video, I speak out against proposed rent control or tenant protection laws in San Diego. Based from a Harvard study and my own research, I argue that such laws would have negative effects on both landlords and tenants, ultimately harming the housing market and increasing homelessness.

I explain how rent control would decrease the supply of available rental units and drive up prices, making it harder for tenants to find affordable housing. Instead, I advocate for building more affordable housing units and educating people on the principles of supply and demand economics.

I also discuss the negative impact of rent control on small landlords, who may lose their motivation to renovate and improve their units, and may even be forced to sell their properties. This, in turn, reduces their ability to provide affordable housing options to tenants.

Overall, I believe that rent control laws would have a detrimental effect on the housing market, impeding development and exacerbating the homelessness crisis. Instead, we need to focus on solutions that promote growth, affordability, and access to housing for all.

___

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Sources: www.jlmrealestateinc.com

Download Your Free Real Estate Deal Analyzer- https://jlmrealestateinc.com/free-pro...

With this guide, you’ll be able to easily understand your real estate deals.

📲 Connect with me on Instagram -https://www.instagram.com/jasonjosephlee

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🎧 Listen to my Podcast - Apple Podcasts: https://apple.co/3lxNxHk | Spotify: https://spoti.fi/3jRXpLH

Video Translation:

"So earlier today, I spoke at a very important San Diego City Council meeting on whether or not they're going to pass a very strict rent control law or tenant protection law, protecting the tenants here in San Diego. And I made some key points that I really want to share with you to help educate you on what economics, supply and demand and what rent control really does to a market. What rent control does or tenant protection laws does, it slowly kills cities. And the reason why is for two main reasons, number one, it destroys the number of supply. So the number of units that are actually available to the marketplace for a new tenant, looking to move or looking to move to a city, what that does is when the supply is destroyed. It's simple economics. When there's less supply and a lot of demand still prices go up and up and up. Lawmakers are actually shooting themselves in the foot and shooting tenants in the foot because they're making these laws in order to help tenants. And the sad part is it's only hurting the tenants. It's going to hurt tenants for generations and generations and, and here's why rent control is a lose lose for everyone. A study was done by researchers at Harvard and they did a study on New York City and their study showed that rent control negatively affects the landlord and every single tenant that is looking to rent and it negatively impacts them but only positively impacts people that are squatting in units and not..."

Welcome back to the Get Out Of The System Podcast. Today I sit down with Brock Vandenberg, the founder of TaliMar Financial. Brock specializes in hard money lending for residential, commercial fix-and-flip loans, bridge loans, new construction loans, and rental loan programs. Brock offers a consistent monthly income and significant tax advantages through his recently launched TaliMar Income Fund One. He believes holding assets for the long term, partnering with someone experienced in real estate, and not scaling too quickly.

__

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Sources: www.jlmrealestateinc.com

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With this guide, you’ll be able to easily understand your real estate deals.

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Connect With Brock

Website: https://www.talimarfinancial.com/

Phone: 858-242-4900

Video Translation:

Today in the studio, we got Brock in the house, Brock Vandenberg. How you doing, Brock? Doing well, Jason, thanks for inviting me on. Yeah, of course, to kick off the show. Would you mind just telling the audience about who you are and what you do? Yeah, sure thing. I run Tamar Financial. We're a hard money lender here in San Diego. We specialize in funding residential, commercial fix and flip loans, bridge loans, do some new construction loans. And then we also do offer a 30 year rental loan program as well into the business. Kind of fell into the business. I actually started in real estate back in early two thousands. Are you familiar with the rich dad? Poor dad? The book. So it was funny, I was in the bookstore and I saw the book and I just started reading it and I was actually in the tech industry up in the bay area at the time. You know, it got me thinking that look, number one, I need to be in real estate. Number two, I got to work for myself. I ended up moving back to San Diego and taking a job with a private equity fund and we were financing what's called mezzanine debt, essentially second position debt for residential developers throughout Southern California. So they would build, I don't know, 10 20 units and then we would provide capital, the equity they needed to, to do the projects. Super fascinating business. I was an analyst. I was running spreadsheets had the opportunity to grow in the business and then the financial housing crisis hit 2008 and they shut the whole business down.

Great opportunity, great experience, met some great people, but they're really wasn't much opportunity for real estate bankers there. At the time, I went down to a local networking group, met up with someone who was buying houses at the foreclosure steps. I don't know if you remember that, but you could go down to the foreclosures and buy these houses.

They were selling them dozens at a time, met up with one of the investors that were buying homes and started actually lending him my own money to buy some of these properties. I didn't even know there was this private finance or hard money financing industry that existed.."

Welcome to my Series: White Board Series! In Episode #1 I dive into the details about buying your first investment property! This video focuses on purchasing multi-family properties without prior experience or money. I give my expert advice figuring out the monetary aspect before finding a deal and gaining knowledge and education through available resources, connecting with experienced investors and developing an entrepreneurial mindset.

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Video Translation:

"Welcome to part one of my three horns on how to buy your first multi family property. Even if you have no knowledge, no experience or may not even have any money yet. I'm here to show you exactly how in this multiple part series, it's probably going to be anywhere from 7 to 10 videos, long videos going to depth on a white board on how to do it. Let's get right into it quick, little bit about me. I am a multi family investor and broker here in San Diego. I have completed over $250 million worth of transactions in Southern California and in some other states throughout the country as a broker and that doing over 100 transactions in the last three years, I started as an agent in 2018 and I started buying properties for myself in 20 20. I've also built up a portfolio worth $50 million. I currently own over 115 units here in San Diego and I raised very little money from outside investors to do that. And I'm going to show you exactly how I did that in this tutorial. So that you can get one step closer to financial freedom and building your own real estate portfolio. Point number one on how to build your portfolio is, you got to figure out your money.... If you don't know how you're going to supply the down payment for your first property or for multiple properties, then you don't have anything. You have to have the money first. A lot of people will tell you that you've got to have the deal first, but that's not true. You got to have a way to close that deal. Or else when you make relationships with people that are going to bring you deals. If you can't perform, there, never going to send you deals again. So you got to figure out your money even if you have no money, even if the money is not coming from you, you got to figure out a way to get that money, whether it's coming from other partners, other friends or someone in your network. You got to figure out your money. The first point I want to go over is that me personally and people will disagree with me. But I think that you should not put other people's money at risk if they don't have experience. And what I mean by that is if you're buying your first property, let's say you're buying your first for plex here in San Diego, I don't think you should borrow money from your mom or your dad or your uncle or your sister.."