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Asset Accumulation with Blake Templeton
Episode 3542nd June 2022 • Real Estate Investing with the REI Mastermind Network • REI Mastermind Network | Real Estate Investing
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Blake Templeton is the President and CEO of Boron Capital and is responsible for the strategic direction of the company, capital markets activities, and the overall performance of Boron Capital’s Funds’ underlying investments. Blake also serves as the external voice for the company. He is an experienced and knowledgeable economic speaker and addresses small and large audiences of executives and business professionals nationwide. His passion is to awaken awareness concerning our current economy and emphasize the need for individual’s investment dollars to be invested into tangible assets, not paper investments (Stocks, mutual funds, etc.)

Blake has been often featured as a Financial Expert in “Business Week”, “CNBC”, “Fox News” Networks around the country and many Business Journals including “Philadelphia Business Journal”, “Dallas Business Journal” and “Boston Business Journal” for his keen insight on how to protect and build wealth in emerging real estate markets. Blake is a regular contributor and writer for Forbes as a member of their Business Council, and he is also a member of the Young Entrepreneurs Council.

Connect with Blake:

Previous Episode: https://www.reimastermind.net/episode/the-solomon-way-with-blake-templeton-178

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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack

Transcripts

::

Welcome to the REI Mastermind Network, where host Jack has gathers amazing stories from leaders in real estate investing.

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In each episode, our guests will tell you what they're doing that works what they've tried that failed, and best of all, you'll learn actionable steps to take your real estate investing.

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To the next level.

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Now here's Jack with another value packed episode.

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Well, if you turn back the time and go find Episode 178, you're going to find the first time we've had a conversation with Blake Templeton.

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Blake has been on a welcome guest on the show and I'm glad to see him coming back.

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otes, but if you text info at:

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6 Blake can send you over some additional information on how you can stay in touch.

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But Blake, I really appreciate your time.

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We're going to be covering a lot of ground here today and it's going to be a great conversation.

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Some of those topics are going to be rather new to the audience.

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Hey, well I'm excited.

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I really appreciate you bring me back on.

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It's always a pleasure and I look forward.

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To providing some.

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Really heavy value.

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Yeah, we're looking forward to this, so you know last time we talked you were writing a book, and in fact I think you're gonna you're revamping some of that now and hopefully we'll see it here soon.

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But you know, I'm always curious.

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Since the last time we.

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Spoke there has been a ton of things that have changed not only in our world, but in the real estate, investing and just investing environment.

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What have you seen and what do you?

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What do you think?

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Things where?

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Where are things going?

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It's a really good question and I'll just tell you I'm more passionate now about wealth accumulation than I've ever been before.

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When we talked last, we talked a lot about the three-dimensional investment.

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And so, we're.

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We're passionate, convicted.

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About having a 3-dimensional investment, but with that that third dimension we talked about, I'll cover him again guys.

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If you missed it, but that third dimension is this exponential wealth and now is more than, there's never been a time like this, and it sounds cliche.

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There's actually never been a time like this if.

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The wealth transfer.

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In two specific places, is literally just being absorbed and put into people hands.

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They're being wise and a good steward of their investment dollars and so real quick. Just recap. The three-dimensional investment this came from King Solomon back thousands of years ago and I just translated it for the 21st century investor personally for myself and then how might die?

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You know, multiply that for others so the three dimensions are once God directed.

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So, for me personally, I believe that.

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Uhm, with all the chaos at Jenny, was talking about all the volatility and all the things were going to happen and didn't happen and all the printing of money and the Fed actually expiring the M1 money supply and the chart that they were showing. Like how much is that? Like said, hey, we're not going to keep updating it.

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It's we've printed too much money now. We've gone from 3% inflation to 15%. Inflation like this has never happened in world history like it. This is something that can't stop. So, all this craziness.

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If we lean on our own understanding.

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If you actually.

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Let your emotions and your thoughts.

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Become controlled by the circumstances your investments are.

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Going to do very poorly.

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'cause you're going to invest in the wrong places, so your perception is your reality.

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So that's the first dimension is.

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You gotta be God directed second dimension.

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It's gotta be tangible and I'm speaking to the choir here. You guys know that the stock market you know we were together throw rocks, the stock market's not tangible so it's got to be tangible.

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And I'm going to share later where we're going, how we've pivoted, and where we're scaling, and how we're seeing massive results.

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And so, it's got to be tangible, #2 #3. Again, you've got to be able to have exponential wealth, and so there's key criterias.

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Some things are changed, well, they just don't create.

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Exponential wealth, So what?

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We've seen is by applying this.

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3-dimensional process.

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You can thrive in a storm, and I mean that's.

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What I'm really excited about.

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Something people do is thrive in this next season.

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Yeah, so let's talk about that.

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You know you brought up quite a bit of stuff that's going on right now, and I, you know, I struggle thinking of any real investment vehicle.

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That can go keep up with some of some of what you're talking about.

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You know.

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Real estate investing allows us to account for the inflation and everything else that we're seeing right now versus having it sitting in a savings account naturally.

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Losing value as we sit here.

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Yeah, and and you just hit the nail on the head like your investments if you're going.

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To be a good steward.

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Like I have.

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People all the time.

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They're like, man, I.

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Don't even have your.

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Same spiritual beliefs, but I do believe I should be a good steward.

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I do believe I should actually multiply and so the thing is, if you're going to be a good steward, you have to outpace inflation, and that's something in the last 12 months like that's something that's shifted and it's going to continue to shift.

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People don't realize how it's happening.

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You know, from restaurants putting those smaller portions or restaurants doing lower quality food.

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Or I mean there's so many things that will happen for the next two to five years, it's going to continue to be twisted and.

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Hidden, but literally you'll start.

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Seeing it come alive and then it's too late when you see it come alive and so you.

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Your investment has to outpace.

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Inflation and and if you doesn't outpace inflation.

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I would say you're a bad steward.

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'cause you if you.

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Know that right now we're looking at 15% with the GDP.

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The gross domestic product that needs velocity.

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The government needs to have, like the system, needs to turn well.

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Obviously, we know COVID shut that thing down like there's no velocity.

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That money is not turning, so it needs to go from the bread maker to the flower guy who get who who's.

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Old father to the bread guy who had to the manufacturing company that the bread guy uses for his to create the bread and like it has to continue to flow.

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And unfortunately, it doesn't, and so because we printed so much, inflation has skyrocketed.

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You've got to beat inflation, yet to outpace it.

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Sure, so you know you talked about the wealth building through the accumulation.

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You know what?

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What are you talking about there when you accumulate?

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Are you talking about accumulating as much rental property or just real estate in general?

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Or what other?

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What other assets are you talking about?

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I'm glad you said that this was so excited about.

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What we realized.

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Uhm, I'll just say we're really heavy in self-storage, so self-storage complexes and mobile home communities.

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So, we have a fund that only invests in these two asset classes and our previous investments.

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Your syndications or.

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So, let's just take.

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We're not in the apartment world anymore.

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Or because we can't accumulate that, so we can't scale fast them 'cause the appreciation is too high.

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So, it's not.

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A good vehicle.

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While when inflation goes up, it inflates everything, so then place it tangible.

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So, buying the teams well, there's we need to buy low and be able to hold it high so.

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We buy apartment.

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's I had one, for example, in:

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Five year you.

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Know turn it's going to be great and you.

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Know return for investors.

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ome to find out at the end of:

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For more than.

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We believed we were ever going to be able to sell for.

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And I had this sinking feeling in my in my stomach.

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But everyone was going to make.

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I mean really high returns.

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You know we had we had a pro forma, you know 14% and depending on when some guys came in.

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They made point.

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Percent on the capital gain side, but I had this sinking feeling in.

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My stomach 'cause?

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I knew how much work it took.

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One finds that property to do value play and so we decided on our next funds building up fund like let's reverse engineer this.

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How might we bring the property in?

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Do the value play?

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How might we?

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How do you hold onto the property?

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Maximize your tax advantages?

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Continue to have massive.

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Chunks of money as if you sold the property, but without paying taxes.

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And here's where the accumulation comes from.

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So, so for my single-family guys, I'm talking about commercial real estate and specifically self-storage in mobile home.

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Parks these two.

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Asset classes are a dying breed.

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So, if you find that a self-storage complex inside the city limits.

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Uhm, it got grandfathered in, so they're trying to.

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Push those on the.

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Outside the city, the city doesn't like.

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The zoning for self.

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George, they manufactured home communities. 150 are being torn down every year in the nation, and they're not allowing them to be built in inside the city limits.

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So, they're all in the outskirts, and so these two are when the markets great, everyone needs self-storage.

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When the market takes a tank, then there everyone downsizing they gotta have somewhere to put that stuff.

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So, it's got to be in self-storage.

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Uhm, with my little self-storage the average is a 93% occupancy during COVID, so someone might be might think like why would they be paying it's COVID?

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Well, trust me, they care about the things they have.

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In storage, even if the price for the storage unit.

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In 12 months, costs more than.

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The stuff that's in EU.

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But it's relevant.

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So, it's a powerful play.

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It's a powerful asset.

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That that stands the test of time.

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And the rents always go up.

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And that's same thing for manufactured home communities, supply and demand.

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It's at the lowest area of the it's at the lowest level of the food chain.

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If you will from your high-end homes.

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To your secondary home to your starter home to your apartment, to your manufactured home communities.

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I'm not talking about like junky trailer parks about manufactured home.

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Communities like these.

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Are communities so in these two asset classes?

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They stand the test of time, the.

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These are two that the rents continue, go up and then what's so exciting is we built a structure where you could invest in get your money back get all your principal money back within eight years.

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And then you're.

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So, 8% per Federated return during this time period, and then instead of selling, we refinance every three to five years. Now the beautiful thing.

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Thing is, when you refinance, those distribution proceeds because you're still basing off a value of the appraisal.

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Those proceeds when the refinance get paid to the investors.

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However, they're not taxable because it's a loan.

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So, it.

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Those proceeds come in it's nontaxable and then.

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Again, the next three to five years, the appreciation goes up 'cause the rents go up.

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The principal payment goes down.

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And then we refinance again, and so this allows for a continual ability for you to have asset accumulation.

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You able to hold the property, not have to sell it.

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You're able to make the money as if you were flipping, you know, a large commercial.

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Asset on regular basis.

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And then you.

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Got your principal back and that principal gets to go back into another fund similar to this where you continue to then.

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Accumulate more assets with the same money.

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You know what one of the things that I think is interesting here too is that you're.

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You're mixing the concept of multiple, you know, essentially like a multifamily property.

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To a certain extent, but you're talking about mobile home parks or and communities, and the and the storage units.

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Where, frankly, both of those situations you really have a low out goes when it comes to.

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Expenditures and maintenance ING of those properties.

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That's a really good point.

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So, for the mobile home communities that we would purchase the we're purchasing the land and they're bringing the homes.

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So, the average length of the state of a tenant is 7 years.

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Because the cost for them to move the home they own into this mobile home community costs too much for them to think about moving somewhere else versus going to an apartment complex.

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Especially if it's a low rent apartment complex, they don't have much stuff anyway.

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Once the lease is up like there's no ramifications like they can, you know, grab a trailer and just move.

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You know, put a little trailer on the back of the truck and they're out so we stabilize the actual occupancy.

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With a built-in rental.

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Increase so yeah, it's a.

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It's a powerful play and again it's applying them and everyone.

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There's a massive group that continues to transition year over year into one thing to live in the manufactured home community lifestyle.

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Yeah, so you just mentioned that you is that part of your lease.

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Agreement that you automatically increase the rents year over year.

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Yes, correct or yeah.

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And and it's.

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Not that specifically for a specific park.

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It's that we have the ability to.

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But, uh.

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Yeah, what we've found is that it's so.

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So, there's two things in wealth accumulation outside of getting your money back and putting that same exact principle back into another fund so you're accumulating inside funds is that you have your cash flow, and you have your.

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Capital gain proceeds in a normal investment on your capital.

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I'm seeing in your cash flow we do what's called.

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It's an advanced depreciation method called cost segregation.

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So, when you would normally be taking cash flow, you would most of that cash flow is going to be taxable, and then you might get a little bit of appreciation 'cause you're going to appreciate it over 39 years.

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But in cost segregation.

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And we can take these two asset classes.

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In the specific property to 123 Main St.

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Let's say it has 600 self-storage units. We can actually go into all the specifics in the build out of that community or of that complex.

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And some of in cost segregation.

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Some of these things are depreciated over one year summer to appreciate over five years.

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Summer appreciated over 10 years.

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So, it.

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Shifts the depreciation to away sooner time period, so on cash flow you either pay no taxes at all or very little taxes.

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So now you have an investment play, and this is what the wealthiest investors are doing right now.

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Now as you have, it's not that they're becoming the wealthy become wealthier in the middle of chaos because they have cost segregation in a depreciation model.

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So, you're not paying taxes, if any on the cash flow, and you're not paying taxes if any on the on when most will be receiving capital gains.

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'cause you're taking out the.

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Proceeds as a loan, and it's not a loan to you.

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It's alone to the.

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Fund and the fund is in distributing proportional to how much money you invested back to you.

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So, this is a long-term play.

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We never sell self-storage in mobile home communities, so when you never sell, you get all your money back.

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You get tax free cash flow essentially.

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And you get tax free sells of properties that we never sell, and you get to keep.

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Owning the same thing.

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Without having the risk, that's you know the accumulation.

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You can continue to do that over and over now with the same money and keep.

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Multiplying your assets.

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So, it's funny you bring up cost segregation because you know when it comes to mobile home parks and storage units, you're kind of sold the concept that there isn't much there to maintain, but in my mind.

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You would also.

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Think that there isn't a lot there regarding what.

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What do you segregate, what's the?

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What's there to depreciate?

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Yeah, it's a.

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It's a good question and it that's why we use a cost segregation specialist and so they build everything out from the very beginning.

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So, for instance, let's just say there's kind of a silly example.

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Let's say there's.

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Maintenance equipments and there is a.

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The different things that are actually in the building process of the actual self-storage community.

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We're actually taking everything separate instead of being as a whole.

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So instead of being as a whole building and it's just one straight up, you.

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Know 39 years.

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Everything, everything is segregated into little pieces of the monies invested into it, so.

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Uh, it's it gets really, really granular and that's what the granularity of the depreciation is.

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What allows us to do that and.

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It's yeah, that's and and and.

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I recommend you guys.

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No matter what you're doing, if you're in if you're.

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If you're doing your own syndication, if you're doing your own fund or.

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You've got to use.

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A cost segregation specialist?

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I mean it'd be just it's a no brainer.

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'cause your goal especially.

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If you're going to continue to refinance if you actually have what's called an asymmetrical investment.

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So, an asymmetrical investment is an investment that we would say is it.

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It has the ability to receive the highest return with the lowest potential risk, so everything has risk.

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I mean, we'd be silly to say that.

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Something doesn't have risk, but the goal.

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Is asymmetrical return, where it's the highest rate of return?

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So, you would invest in this because the risk is so low.

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Well, if you have asymmetric turn, you don't want to sell a property that has an asymmetrical return, 'cause they're far human, but.

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And that's the benefit of how you structure the actual process.

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For those of you or who are in single family or who are doing maybe duplexes or quadplexes, or they're flipping properties or my challenge, my encouragement is man, it's time to level up, but you don't have to be intimidated.

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It doesn't have to be like.

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Now I have to go get into a commercial deal on my own.

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Like you can find someone if it's not us, you can find someone to invest with and ride their coattails and had the red carpet rolled out for you and invest in a structure like this.

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It's a beautiful thing 'cause you're creating a long-term investment that'll pay you over and over and over and.

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Someone asked me, you know what's the rate of return once my money is back and I had to sit there for a minute and I.

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Ask them how much money do you have in it.

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Once your money back in you know 8 plus or minus years said none like.

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Well then, it's an infinite return, so you're making an infinite rate of return when on each refinance every.

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Three to five years.

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And you're getting the distributions from that equity or partial to how much you have invested.

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It's a beautiful thing, and last thing I'd say on accumulation if I May is.

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And again, you can do it however you want guys, but if you're investing into a fund like, well, we're we have a, uh, we create funds, so this is end up being 13 to 16 properties in a fund.

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20 million to you know. 38 million maybe 10 million, but to be 300,000,000 in the fund so.

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You know the last one we purchased was $33 million property. OK so.

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Those properties are all in the fund.

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When you invest into a fund, you're gaining proportional interests into each property.

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Now that's a beautiful thing has been ever since the properties never sell when each property refinance.

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Is over the next.

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25 years.

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Again, arbitrary number.

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You're then gaining these little refinances.

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Proceed pieces that are nontaxable so.

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It's beautiful.

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Thing and I just.

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Encourage you guys to think bigger, whether you're.

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The one creating the deal man.

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Think bigger.

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Think the how might I?

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Make this feel.

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Better how?

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How much, how much they do bigger.

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Bills if you guys are like man, I want a place to put my money.

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I think bigger think how might I pay less taxes?

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How might I structure?

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How might that be in a structure that is already set up?

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To pay less taxes.

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And so, and how might I outpace the interest rate?

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I mean the inflationary excuse me.

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How might I in outpace inflation?

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So, it's really fit.

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10% you know if that's what it's going to be for right now. It's going to continue. Well, OK, I understand that.

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How might die and so start raising your education like, well, you know if there is a deal, I'm going to find it.

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You know, that's kind of a question.

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You know, Yuval, you are always the last time you were on the show to you come off as a very positive and energetic guy with very optimistic.

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You know, there's a.

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There's a mindset there that's obvious.

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And you were just talking about you got to think bigger.

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You got to think bigger.

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A lot of people you know 9 to fivers you know you were.

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You were used to a certain level of living and and that's that becomes the status quo.

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That's also when it comes to real estate investing.

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We get used to a certain level.

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And and it's hard to think bigger, because when you think bigger, that's that becomes your new paradigm.

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That becomes your new plateau.

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Like how do you?

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How do you talk people and and achieve what you've obviously have when it comes to that optimistic mentality in that mindset to get to that next level.

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Yeah, that's a.

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It's a powerful question.

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We could spend literally hours on this one, which I would absolutely love to, but I'll give you.

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Guys, some key tips?

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So again, I'm coming from a perspective that I'm a.

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I'm a strong Christian so.

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I might even.

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Talk about this.

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This first dimension.

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Of being God directed so I believe that I don't have to be conditioned by the things that I have that I see around me.

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The circumstances around me.

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So, when we're conditioned by like.

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Well, I got a speeding ticket so then that's good.

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That creates a bad day 'cause I got you in trouble.

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Or man my.

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My taxes on my properties were more than I thought they were going to be.

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I didn't budget enough.

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So, then you have this, Debbie Downer.

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Well, when the circumstances you're going through, control your emotions and your thoughts.

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This world is destructive.

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It's depreciating.

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It's.

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It says degradation, like everything is dying.

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Every human being is under dying.

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You know, the bell curve is not going up anymore.

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It's everything is going down, so you don't look at the things around you.

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Kovid the UM, the GDP of the country. The M1 money supply. You don't look at those.

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Things to actually.

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See like oh, I'm not sure if.

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I could do it.

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'cause if everybody else is having a hard time, you change your entire perspective. So, I have this mindset. Here's a key take away. I have this mindset that I sit in what's called heavenly places.

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You can call it whatever you want, but.

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I would call it.

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Heavenly places where?

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I am like.

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I want to process with God's.

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Wisdom, I want to think.

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Like man, if I don't have to be controlled by all the circumstances, a circumstance it might hinder me, but it.

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Doesn't stop me.

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A circumstance it might, and I actually produce an obstacle, but if I come with the right mentality.

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That if anyone can.

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Do it I can if I can come with.

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The right mentality that.

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Then big players make big plays or small hinges, open big doors.

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Then I would think.

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How might this obstacle help prepare me for my next big investment like it changes everything, so we flip to just doing big deals like we don't do little deals anymore now we don't.

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I was talking to you about in:

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Well, we wouldn't buy a 6.

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Point $9 million deal.

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Look ever again like.

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Uh, we just did a $20 million.

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We're in the process of refinancing the, uh, a $20 million wedding venue. Hold a conversation of.

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Another industry.

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Uhm, we've again.

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I just told you, uh, last three in this fund for self-surgeon.

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Mobile Home Park communities.

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This was:

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Can do it, so I would just call time out and cut the emotions and say man.

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But if you could, how would you and that would be the ability to get into someone else is fun, whether it's ours or someone else is.

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It's kind of relevant at the moment.

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You just gotta get into bigger deals 'cause that changes the whole you think once you go drive to the property and you know.

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Marietta and you see it, you know, like I'm, uh, apportion a loaner of ah.

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I want to see how many more ways I can become a portion of that 'cause that's gonna appreciate far more than a 3-bedroom 2 bath in the area that unfortunately gets hit by foreclosures.

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Yeah, no, this this is exactly what I've been talking about for a while now, where you know, I I'm going to simplify it a little bit.

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Those people.

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We're getting into real estate investing for them.

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First time doing, wholesaling and getting properties under contract.

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That first deal seems to take a while.

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You know you're kind of.

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It's kind of a grind, but when you do that, when you get that first property under contract, deal number 234 and it seems to propel you forward because there's something that happens.

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In your mind that you now believe it's possible.

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Yeah, that's a.

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Really good point and guys, I've.

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Been there like I know in 06 is when I started.

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We've done 300 plus transactions from single family whole sales when I didn't have a penny to my name to single family or innovations to then your four Plex and your eight Plex and then 26-unit complex and then you know 127-unit complex and then Clipper housing and.

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And and what I realized is man, you are just the only.

::

Thing limiting you.

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If you like you've just got to think?

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Bigger and so bigger is not always more.

::

plus you know back since like:

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I'm like, yeah well, we just don't do bigger deals. We do bigger deals, so we don't do. We don't do 150 or you know $300,000 deals anymore, so you know it's a $33 million deal.

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But the profits and you can see the numbers way bigger.

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I mean everything gets magnified when you're thinking about like.

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Additional upsells or additional amenities that sell inside a prop.

::

Pretty man, it's just the everything skyrockets because it's a bigger deal.

::

And another thing I want to touch on is again, thinking bigger thinking outside.

::

The box is.

::

Uhm, though I'm the largest proponents that you'll find in my neck of the woods to have a 3-dimensional investment in real estate.

::

I want to kind of open you guys up.

::

There's a 3-dimensional investment in a specific cryptocurrency and so this is a whole new topic for some of us.

::

t I. I played with it back in:

::

You know, and I'll just tell you gotta be.

::

You gotta either be God, director, to have someone who's got directed 'cause you can't lean on your understanding.

::

But the truth is, at a 15,000 plus coins, you know 14,800 of them are nothing. They're just silly, goofy kind like the stock market.

::

But there's a few.

::

There's a handful that actually have technology tide to them, and so I'll just speak to a couple principles.

::

School mental framework, what we're doing in our crypto current.

::

Befund, so I hope you understand when you understand the M1 money supply. So, we talked about like the government printing money.

::

When you're printing the US dollar out of thin air, creating new ones, it depreciates the dollar. It makes the dollar worth less money 'cause you're putting more in circulation.

::

Trying to create that velocity.

::

So, they're trying to put more in trying.

::

To say hey.

::

John will go buy more stuff and Tim will go buy more.

::

So that John and Tim aren't buying.

::

More stuff they're holding.

::

On to it 'cause they're concerned, so it's printing more deluding the power, so it costs more dollars to buy stuff.

::

So, inflation is simply.

::

It costs more dollars to buy stuff, so it's good for real estate when inflation is high.

::

'cause well, it costs.

::

More dollars of.

::

Dollars to buy the real estate.

::

OK, but.

::

You and I want to.

::

Have a life.

::

Raft outside of the US dollar.

::

As a good steward of our money.

::

If it's depreciating at 15%, if Bob has, you know $100,000 in the bank and he's like, hey, I'm just gonna sit on it for a minute and in one year he's lost.

::

15% of his buying power in four years, he's lost 50% more than 50% of his money. It gets gone.

::

It doesn't even exist anymore. It might still show 100 minus the little silly bank fees he's having to pay for the money sitting there, but it's not there.

::

So, he'll build, uh?

::

By half as much stuff. So, you and I want to have a money that's not in the US dollar.

::

n just for an example. Before:

::

It could be could not.

::

Not sure it's gonna you know it's something volatile, but it's now grown into a has a technology underlying.

::

Principle, there's businesses like apps in the in the iPhone you have apps, so when you and I first had apps on her iPhone or like what are you going to do with an app I?

::

Don't even know what to do.

::

If you push a button.

::

Well, now we use our apps religiously.

::

'cause like that's so convenient.

::

So, there's a Bitcoin blockchain.

::

Let's just let's just.

::

Think of it.

::

Vision like apps, businesses that run on this blockchain.

::

Money transfers billions transfer on this blockchain on a regular basis.

::

On a high rail system like this is not theory, it's already happening, and so Bitcoin would be.

::

Look, looked at like.

::

Digital gold or a cyber bank like it'll end up removing middlemen, so it's not important on this podcast to understand everything about it.

::

Because on that.

::

I could talk about it for hours.

::

Make it simple, but the key is you need to have monies inside.

::

Specific crypto currency that that can be sustained because the US dollar is falling at 15%. So, unless you are all in on a specific type of real estate, we would say.

::

I fully believe in self-storage communities in mobile home communities but.

::

I fully believe that in the cryptocurrency and the specific ones, we can not only outpace Bitcoin, but we can have a massive return, and so we ended up partnering in.

::

A fund.

::

Uhm, under born capital with my company with.

::

Firm and.

::

Had been according to another group of individuals who ran crypto hedge funds for two years and we looked at their audited books and followed them and we are essentially a partner together and have built a fund that I just believe was going to bless any of.

::

You guys have any interest?

::

In that world, so it's important to just know.

::

Don't be.

::

Uhm, intimidated by new investment strategies.

::

Don't be dumb, don't have it.

::

The negative voice come in that you can't.

::

Do the bigger deals.

::

And and and and call a time out and cut the emotions when you ever you know kind of get bought into what I would call the natural condition.

::

Of man where you fall asleep and.

::

You become a machine, it's kinda like.

::

What JD said.

::

Like you get comfortable.

::

Hey, just call timeout.

::

We can all get comfortable.

::

Just call timeout.

::

Don't get comfortable 'cause this is the season where.

::

The wealth transfers happen.

::

And you want to be a part of it.

::

Yeah, I.

::

Know what you meant when it comes to crypto, because I mean it, it really got frankly my attention when you even have a couple countries now making it legal tenure to you know making it legal money.

::

I mean, it's become.

::

It's become a thing that it's hard to ignore.

::

Yeah, it's 100% accurate and uhm.

::

You know when you start seeing the.

::

The reality of the big banks that they don't know what.

::

To do so, it's like.

::

Strong crypto currency again.

::

There's a handful strong crypto currency is the death of the of the local banks because it wouldn't.

::

It would end up being everyone savings account without all your fees would be your checking account about all your extra fees like you wouldn't need to go to Western Union and pay them.

::

Of mighty fee.

::

To just transfer money to your friend.

::

It's free, it's free on the blockchain.

::

And so, there's so many different benefits beyond it being an actual asset and maybe looked at a currency.

::

One thing is a myth is that a lot of people like it.

::

It's currencies, not.

::

It's called a cryptocurrency, but you can just take the word currency off of.

::

You know the majority, if not 99%. We can't do anything. It's not a currency.

::

So, look at.

::

It as an asset.

::

An asset stands a test of time and acid as business layers built on.

::

On it and asset that it's you know it's the if physical gold is like the dinosaur. This is the 21st century version of it that actually you know this digital gold. This look like Bitcoin. It literally has a tangible.

::

Value you can actually use it today, for instance.

::

All your major credit card companies.

::

They built custom Bitcoin credit cards.

::

Or you could put your Bitcoin on the card, go to your favorite restaurant, slide at the merchant.

::

At the actual counter in the high rail system, as soon as you slide, it will translate it to actual U.S. dollar and your money only would sit in U.S. dollar for two splits against wallets ran, but you would be holding it in crypto, so there is. There are so many things there.

::

That we can chat about another time, but the key guys are now your time to run.

::

Now your time to build now is your time to grow.

::

This is not the steady Eddie time this has.

::

Not set it and forget.

::

It, uh, what you had in the past?

::

This is a time to.

::

Live in what I call future.

::

Present so most people live in with like.

::

What's called past present you base all.

::

Your feelings and emotions and decisions and dreams and hopes on them.

::

Fast so everything you know about you.

::

Current past, that's what you're thinking is going to.

::

Be for the future.

::

It's time to.

::

Cut ties to the past, which happens happen, but this is the season that people are going from having very little of anything to having massive wealth, and you can be.

::

A part of that.

::

So, you know I, I'm going to go back to your 3D investing.

::

Strategy, so when you're talking about crypto, what is the tangible aspect that you see associated with that investment?

::

Yeah, it's a great question, so understanding that the best way to answer that is to go back to when we talk about the stock market.

::

Now some of us don't have the full grasp that like.

::

That the when the beckenridge when the beck and would agreement had taken place.

::

It changed everything.

::

So before then the stock market you actually if you bought some shares of Coca Cola, you actually physically owned a percentage proportional to how much you put in a physical company.

::

Coca Cola.

::

Well, when that Breckenridge agreement took place, it actually shifted it.

::

And you're not buying a percentage or portion of the actual company you're buying a piece of a shell company that doesn't hold revenue, so any of the companies that are publicly traded, no one has a share of the actual company.

::

You have a share of a non-revenue producing shell company, well that's a massive difference because it literally is fully manipulated like a mutual fund.

::

That's:

::

Why only Coca Cola stock go down?

::

People probably drinking more Coca Cola while they're home unlocked down well 'cause it's a bathtub.

::

Everything goes down so it's highly manipulated.

::

The difference is in.

::

For instance, in Bitcoin you're actually.

::

It's a.

::

Tangible just like what we would say on your iPhone.

::

A software that creates an app for a flashlight, like with a flashlight digital.

::

Is it physical, is it?

::

We might call it a.

::

And when I call it a digital tangible so just like and, it might get a little over our heads for some.

::

But like 50 or something so NFTS guide us all of the news you guys are like man; I could have done that creating a picture of something.

::

It's an original.

::

You turn it into a specific form.

::

And those costs are being sold for as like as digital.

::

Part OK, it's a whole lot more to it, but it's we would call it a digital tangible because the 21st century everything is shifted of what actually ones considering tangible against stock market, not digital tangible. It's a digital nothing.

::

There's nothing there to shell, but there are digital tangibles now.

::

And for those.

::

Who actually accept an early adoption and and make that shift?

::

You'll actually gain welfare if you invest in Stuart correctly for those who are like man.

::

It's just not me.

::

It's not my cup of tea.

::

It's I just I just don't know whether you want to do it or not.

::

It's irrelevant the US dollar, the government themselves. They're already looking at moving the entire currency system of America into a digital platform as a crypto currency.

::

So that's already happening right now.

::

I mean, you're everyone you're going to have a wallet, a crypto wallet in in a matter of years.

::

You're not going to have U.S. dollars the tangible dollar.

::

That if you are.

::

If you've ever seen signs at restaurants and the sign pops up in it.

::

Or it's on the door or whatever.

::

It says please have correct cash we're we have a coin shortage.

::

A coin shortage.

::

We're printing new coins.

::

We're talking about coin shortage, so their goal is to, and this is very if you do your research this is this is just, they'll tell you this themselves.

::

It's very clear their goal is to remove the actual coin.

::

Things and then they'll end up removing EU.

::

S dollar number one the one.

::

Dollar Bill, and then they'll slowly make this transition so everyone will end up being on the digital side of it.

::

What I'm just telling you is you don't want to be in a controlled format under a system that you already know isn't working, i.e.

::

The inflation of the US dollar, which is the depreciation of the actual dollar you want to be doing it on you on your own outside of the US currency.

::

So, it it's one thing to.

::

Just print the money as they need it versus now.

::

Yeah, what are you just going to push?

::

A button and.

::

o remind everybody text info.:

::

His team and get some more information like this were this was a great conversation I.

::

I feel like I've kind of stolen a lot more of your time than I.

::

I probably had probably should.

::

Would have, but I really enjoyed it.

::

But before I let you go you know I threw I thought I better and with what I always do is there a question you wished we would have covered?

::

Here today.

::

I would say that I.

::

I would say like what's the most?

::

Some aggressive

::

Of challenge, you could give someone and so here it is.

::

So, like guys, if I actually

::

Knew you directly?

::

Like I would.

::

I would tell this to my grandma.

::

I tell it to my nephew.

::

I would tell this.

::

To my to.

::

My brother-in-law is this.

::

It is now time.

::

For you to dream bigger than you ever dreamed.

::

For you to have more passion and conviction.

::

That there's light on the other side, that that you you're in the minority who actually will take this as an opportunity to transform your wealth position, because the majority are going to turn the other way.

::

Majority are going to get caught up in the shrinking mindset damage.

::

Sorry, we're going to get caught up in living day by day on the paycheck.

::

Who were used to be thinking that they were fully set and retired.

::

So, I promise you it might be uphill battle.

::

I promise you there might be some, you know obstacles and some dark valleys, but I promise you there is so much opportunity.

::

In growth, think bigger process.

::

How might I produce more investment dollars to invest?

::

How might I?

::

Do this in a faster, tangible way.

::

And how might I be in investments that he's talking?

::

About that that truly.

::

Could stand the test of time.

::

Well, thanks Blake.

::

This was great.

::

You're welcome back anytime.

::

I hope you will take me up on that.

::

And let's not wait as long as we did last time.

::

Absolutely my man JD.

::

It's been a pleasure and look forward to doing it again soon.

::

If you learned at least one actionable step to incorporate into your real estate investing.

::

If so, please consider returning some of that value by leaving a positive review, subscribing to our YouTube channel, or joining our growing network on Facebook and Twitter.

::

You can find links to all of our social media accounts in the show notes.

::

See you next time.