Josh_Cantwell_Using_Other_Peoples_Money_To_Fund_Your_Business.mp3

Foreign.

This is Ryan Daniel Moran with another episode of Freedom Fast Lane. Today I'm going to be joined by a very old friend of mine. His name is Josh Cantwell. Josh is a master real estate investor and I asked him to come on to talk about cash generation in a real estate business. And we also talk about cash generation in any business through the use of leverage. Because Josh doesn't use any of his own money on deals. And he does it for a very specific reason that I thought was applicable over all businesses. Not just real estate businesses, but Internet businesses, Amazon businesses, traditional businesses, whatever it is. I think you're gonna get a lot out of his strategy for leveraging money. You're also going to learn about how he buys and sells houses for income. And I wanted him to talk about that because a lot of, you know, my investment strateg, I call it the wealth triad. And the first part of that triad is to generate new money that is not connected to your time. And you can do that with an Internet business. You can do that through flipping houses. You can do that in a variety of different ways. And I wanted to get the flipping houses version of that piece of the triad. I'm actually working on a new investment product right now. It's called Perfectly Passive Income. And you can actually get more information@perfectly passiveincome.com and I am going to be doing a series of these interviews about investing in order to kind of whet your appetite for what we're going to be talking about inside the members area at Perfectly Passive Income. And this is the first of that investment series. Josh has a phenomenal story. He was actually diagnosed with pancreatic cancer a couple of years ago, which is basically a death sentence. And Josh is part of the 6% of people that beat that disease. And he is now cancer free and is doing incredible things with his life. And he has a great new lease on life as a result of beating that disease as well. Because of that, Josh has this incredible gift of sharing just out of pure abundance and lust for life. So I really think you're gonna love today's interview with Josh Cantwell.

Josh Cantwell, welcome to Freedom Fast Lane. Thanks for hanging out with us.

Hey, what's up, Ryan? Hey, thanks for having me on, my friend. It's good to, good to be with you, of course.

Well, Josh, I wanted you have you on for a specific reason. And that reason is because I talk in my podcast and at Freedom Fast Lane about what I call the wealth triad. And the wealth triad is My financial and investment strategy. And the first piece of that, that puzzle is separating your hours from your dollars. And one of the examples that I give is flipping houses in this part of it because I don't necessarily consider it investing, although some people do. I consider it more cash generation. And then you take that cash generation, you can put it into other areas that I teach here at Freedom Fast Lane. But you have, you are out of everybody I know you are, are the guy in my network that has really mastered and even systemized the flipping process for income. So I, first of all, I want you to talk to us a little bit about that process and, and what your goals are to generate. I know you, you go for $40,000 on each flip is, is your baseline. And I also want you to comment on do you see that as investing or do you see that as more cash generation to get seed money for other things?

That's a great point. So yeah, we've been, we've been flipping houses for 10 years. I've been involved in 685 real estate investment deals, mostly flips. And I definitely view it as a cash generation strategy because you know, as an investment, I think of investments more as things that you kind of set it and forget it, things that you're looking for longer term profits, rate of return that you're going to be in longer term for a specific roi. When I look at real estate and investing in properties to flip, let's say in a three month period or a six month period or less than a year, I really look at it as a cash generation tool because you buy it, you outsource the improvements to somebody else contractor and launch and sell these properties and, and we generate big profits, 30, 40, 50,000. And for me I've always thought about buying and flipping single family homes with the goal to get into commercial. And then I look at commercial real estate as more of an investment. I just recently, Brian bought a commercial building, 10,000 square foot medical. It was worth a million too. I bought it for 200,000 and it'll cash flow positive, about $100,000 a year. So I'll set that commercial building and I'll forget it. That's an investment to me. But the single family home flipping is really for income production to kind of replace a job or to support a job as a secondary or a third stream of income.

Cool. And I agree with you 100%. You've got on your YouTube channel a bunch of examples of these houses where you walk through like here's what we did here's what we got it for, here's what we're selling it for. We're netting this much from it. They're really cool to watch now. But what I've always wondered is, and this is a common question I get from people who ask about real estate, is how the heck do you acquire these deals for so little money? Now, I know you're located in Northeast Ohio. That's where I invest as well. So the total initial cash investment is going to be lower in general. But you're sometimes buying houses for 52, putting 25 into them and flipping them for 140. 150. You just got this commercial deal that was worth 1.2 you got for 200,000. Where the heck. And how the heck are you getting them for pennies on the dollar?

Sure. So there's a couple different things. We do really have six different ways we find them. We of course invest in bank and government foreclosures and we buy those right off the mls. We buy them off of the Fannie Mae and Freddie Mac websites, the hudhomestore.com website. We do that. But truly our best deals are meaning that they're not on the multiple listing service, they're not on the Internet. Nobody really knows about them. So vacant homes is a great way.

Probate properties that are going through the inheritance process or the probate process, short sales, and most of those are properties that you can acquire through a list. You can acquire a list that's fairly inexpensive to buy a list from a list broker, or there's lots of great real estate softwares out there that sell lists. Then we market directly to those lists. But truly, Ron, our best deals, even this commercial deal and a lot of short sales are off market. It's a lot like anything else where.

It'S really all about relationships. You find people, you know people, they have a problem and you can solve it personally. So if you have access to money and we actually provide our subscribers and our students and our clients with funding, that's a whole other conversation. But if you have access to money, it's really all about going and telling everybody that, you know, whether it's realtors or other investors or, you know, real estate wholesalers that are out there, hey, I have money and I'm looking for a good deal. And they will find and try to bring you these kind of off market deals. Those are the best ways. The government, the bank foreclosures are good, but everybody's kind of looking at those. Everybody's kind of competing over those. And as the market's gotten better, there's been less and less of those government and bank foreclosures. But so, you know, a really easy way, Ryan, is as you're driving through a neighborhood, keep your eye out for properties that have a foot of tall grass or have newspapers stacked up at the front door, or snow that's unshoveled, that's a vacant house. Somebody's abandoned that house, left it behind and doesn't want anything to do with it. And we use a little website called tlo.com, which is a skip tracing website, to actually find that homeowner, get their phone number. We just give them a buzz. So there's really the on market strategy and there's the off market strategy. The best deals, the really juicy ones are the off market deals and the ones we get through relationships.

Very cool. So just like anything else, you're leveraging relationships. You've got certain connections in the industry and people think of you when deals come to mind, you have a certain track record that people know and trust you. So deals naturally come your way as a result of that. Is that what you're saying?

That's definitely part of it. But I'll tell you, Ryan, you know, some people might say, oh, Josh, you've been an investor for 10 years. Or, you know, you've flipped almost 700 houses. You know, it's easy for you to find deals. But I'll tell you, 10 years ago, when I was new at this, we would just talk to our buddies and our family and our friends and we would say, hey, listen, if you know somebody who's in foreclosure, let us know. We can help them out. You know, if you are a real estate attorney and you have a client who's in foreclosure, let us know, we can help them out. Or if you know somebody that just inherited a property, just let us know. We can maybe buy it from them. So we started doing this years ago and we called it our center of influence. So we started talking to other people who were centers of influence and they had a big network and we just started telling people, hey, this is what we do. And we didn't have any experience back then. We didn't really flip a lot of houses back then, and people were finding us and they were bringing us great deals back then. So I just don't want people to think, oh, it's because you're Josh that you get all these sweetheart deals. That's not really the case. It's just about Expanding your network, being open, opening your mouth, telling people what you do, and somebody's gonna have a problem that you can solve.

You know, I have a podcast episode called how to develop your success network. And basically, what you're saying is the exact same thing where I encourage people when they're starting a new venture, going in a new direction, to make a list of at least 10 people that are connected in that space and write them a handwritten letter about what it is that you've decided to go into and just say, if there's any way that we can work together or if there's any way that I can be of value to you, please feel free to use me as a resource. And you're basically saying the exact same thing. You go to the people who might have deal flow or the people who might. Maybe your accountant or maybe your attorney, or people who are involved in something, there's gonna be deal flow, dropping them a line and giving them a call and saying, hey, if you know anybody who might be in a certain situation, I might be able to help them out because of this, please keep me in mind. And that's where you started getting your deals?

That's right. That's right. We use the combination of a number of different strategies. Direct mail and, you know, picking up the phone and calling people. But, you know, our best deals back then and today for sure, come from relationships that we've nurtured and grown in the industry. Perfect example is this commercial deal. It was my acquisitions manager. His name is Dione. He's a realtor, and he also works for me full time looking for properties. And he just talked to a friend of his who was in the mortgage industry who knew a developer. And that developer had this building in a giant portfolio of buildings and golf courses and houses that he had owned and developed. This one deal for this developer went bad. He had some. Some business partners that went bankrupt, and he was stuck holding the bag, and otherwise had an incredible portfolio of very positive real estate assets. But this one went bad, and they brought it to us, and it basically dropped in our lap. And without Dione going out there and using the strategy that you just mentioned of just expanding your network and telling people what you do, I would have never got that deal. But because we expanded our network and because Dione went out and talked to people that he knew to bring deals to me, we landed a deal that's essentially got 6 or $700,000 of equity.

I want to talk to you about negotiating, because this is something that makes a Lot of people uncomfortable. And I think it's why most people who want to invest in real estate just stick to something like the mls because the price is already stated, whereas a private deal, it might be. Here's the situation. What can you do? And people have no idea where to start or how to negotiate. So when this deal came to you that had several hundred thousand dollars in equity, how did you structure that and how did you approach the deal? So it was still win win, but obviously there's meat left on the bone for you as an investor to make it attractive.

Yeah, great question. This was. This was a sort of a home run that fell in my lap, to be honest with you, Ryan, because the developer and his contact had already pre negotiated with the lender a short sale. So this is a property well over a million dollars was owed. They were looking for a buyer who could close quick, and that was their biggest problem. This developer did not want the whole world to know that this building was in trouble because he has so many other positive connections. So in this particular case, there wasn't a whole lot of negotiating involved. But what was involved was that I was a cash buyer. I have access to money, I have access to close quickly. That's what they were ultimately searching for. On other deals where we had to negotiate a lot, the first thing I would recommend is always have a middleman. You don't want to. When you get involved in a real estate transaction, I don't feel like it's in anybody's best interest for the seller and the buyer to be negotiating directly. If, let's just say a home is paid off, we've bought a lot of houses that have been paid off. There was no mortgage on the property. Matter of fact, about a third of all the homes in the United States are paid off. So when we buy a property where there's a lot of equity, I don't want to be dealing directly with the seller. I want a middleman. I want a real estate agent or I want a real estate attorney because I want to stay basically emotionless. I do not want to be emotionally involved with the seller. That's a very easy way to pay too much. It's a very easy way to lose a deal when it can get a little bit tenuous, it can get a little bit, you know, adversarial when you're dealing directly with somebody in a situation like that. So highly recommend you just run your numbers, know what you want to pay. Then, you know, we typically start about 25% below that number that we're willing to pay, and we'll put the offer out there. And we try to remain, you know, really just as an independent third party who's looking to buy a piece of real estate as opposed to a very emotionally involved buyer. That's really an easy way to lose deals when you get too emotionally involved.

Would you address that a little bit more? Because so many people who are in this process, really, in any business, will get attached to a deal that comes their way and all. Oftentimes that will kill the deal itself or result in some sort of dissatisfaction or disappointment when that deal falls through. It's. It's. It's like the girl who got away. You know, I don't want to go. I don't want to go back into the market because the one that I wanted got away. And.

That can really kill people in business or in real estate or whatever it is that they're going after. So how do you maintain enough deal flow, and how do you manage that temptation to marry the first deal that comes along, rather than shopping, if you will, and letting the numbers speak for themselves?

Yeah, great question. So I think there's a couple different things that I've learned over the last 10 years. One is that you have to be. You have to stir the pot enough that you have a lot of options. I think a lot of real estate investors or people that are looking at real estate as an income source or as an investment strategy, they say, oh, you know, I love this one house. I want to make an offer on that one. I want that one deal. Well, you know, my acquisitions managers out there making 10 offers a week for me, and we'll sometimes have to make offers on 15 houses to buy one, but that one is a great deal. And the other, there might be six or seven others that are good deals, and then there's six or seven that are not deals at all. So I would say the first thing is, is you got to create enough opportunity. You have to be looking for enough good deals and make a lot of good offers, because you just don't know what's going on with the seller on the other end of that deal. You don't know what their motivations are. You don't know what their money motivations or personal motivations are, whether they'll let a property go for cheap or not. So you have to stir the pot a lot. And number two is I would be ready when you do find a good deal. Good deals go fast. Good deals sell quickly. So you have to put yourself in a situation where you have access to capital where you can close quickly, where you can close in a matter of a week or two or three weeks. And if you find a good deal, you can take action on it. You know, too many people are out there looking for deals, but then don't have the money to actually buy them. And then they find a good deal, they get their offer accepted and then they lose it because they really don't have the funding. So that's the second part is, you know, good deals go fast. You have to have the capital to close. The last thing I would mention, Ryan, is if somebody's really serious about real estate and they are a cash buyer and they have some money to invest and they want to flip for income or hold for long term investments, is to make sure that they create a great partnership with either a buyer's agent or an acquisitions manager, which could be both. Because you want somebody out there constantly looking for deals for you. You don't want to be on your own kind of looking at all these deals by yourself. You want to have somebody out in the field who knows the market, who knows the industry, who knows people, and can be constantly, you know, stirring the pot for you can kind of be constantly looking for treasure for you and have somebody out there doing that. If you're serious about finding a couple good deals, you might have to make an offer on, you know, eight, 10, 15 properties. But you know, man, if you don't get married to anyone and you have a lot of options, it's like finding that girl Ryan that you just mentioned that got away. Well, if you have a lot of girls that you talk to, you have a lot of girls that you're friendly with, you know, and you kind of lose one. It's. It's not as much of a heartbreaker. Just like with property.

Let's end this question before I lose my entire female audience.

Sure.

But I want to ask you about financing and funding because.

There is a temptation to buy into the lie that if I don't have money, I cannot seek opportunity. And it doesn't matter if it's, if it's real estate or if it is building an Amazon business, or if it is building your own information publishing business or whatever type of, any, any type of business, really, there's a temptation to believe the lie that I don't have enough money to start this. Not only have you not let that stop you, but even though you're in a position where you could use your own money, you choose not to. So tell me why you do that and how people can leverage other people's money to seek opportunity.

That's great, Ryan, that's a great question. So I would say no matter what industry it is, whether it's information, marketing, publishing, Amazon real estate, etc. There's always going to be a money partner who wants to get their money in play and get a good rate of return, a passive double digit rate of return. And so for the last 10 years, although I've flipped a ton of properties, hundreds of them, I've used almost none of my own money on any of them. And even today, although we could pay cash for just about anything we want, we don't. And the reason why is because.

My sphere, my opportunity circle is much larger when I take my money and everybody else's money and add that together, I can buy commercial buildings or pools of REOs and multiple properties at one time. So I look at, when I'm looking at it, at a flipping opportunity and an income opportunity like we talked about at the beginning of this interview, if I use somebody else's money, my return is infinite. If I use my own money now, there's going to be some fixed or some actual interest rate that would be compared to how much money did I put in versus how much did I get out. I love the idea of consistently earning infinite interest rates, infinite returns. So again, if I was going to invest long term for cash flow purposes and buy commercial, I have no problem putting my own money into those kind of deals and earning 12, 15, 20, even 30% returns. But on short term flips, you never want to use your own money because the return is infinite. And also.

As you get into any business, there's lots of people out there with money. There's lots of people out there who are looking to get their money in play and they would like to get a great double digit return. You know the stock market. I used to be a financial advisor, Ryan, so for about eight years I used to write financial plans and sell investment in financial products. The stock market has generated approximately a 9% return over the last hundred years, 9% annualized over the last 10 years, it's averaged about 8%. And with most business opportunities, although there's maybe a little bit larger risk, and especially in a startup, businesses can yield 100% return in a year or 400% return in a year. And so it's the big pot at the end of the rainbow that some people are seeking and some people are seeking, hey, pay me a 12% return on my money and give me a percentage of the back end profits. And that's what I do with my real estate investors. I give them 12% return or 15% of the profits, whichever is higher. So I guess I would encourage your listeners to think about that. Whatever business they're in, if they could offer somebody, a money partner, a certain interest rate per year, something a little bit better than the market, maybe 10, 12% and a small piece of the action, I think they would get a lot of people interested in that.

I do this with even Amazon businesses where I will fund, since it's what I know, I know Internet businesses. I will often fund businesses with either an equity percentage or I have fixed rate of return plus a piece of the upside. And it's a win win here because I get to continue focusing on my businesses, which is where I generate new cash. And then I can invest that into other businesses where I'm getting a higher rate of return than I'm gonna get putting it elsewhere. And the entrepreneur who's taking that money without attachment to that money, they're more free to make good decisions. There's this idea of if it's my money, I've got to control it. I did a podcast I called Growth Hacking 101. You are not your business. But so many people want to say I put this much money in, I'm now attached to this money and I can't make good decisions because I have emotional investment in this cash. You say, okay, not my cash. I'm gonna take somebody else's cash, make good decisions, pay out my investors. I'll keep what's left on leftover on the bone and everybody wins as a result.

That's right. Investors are looking for. A lot of people are, you know, just unsure what's going to happen with the stock markets, unsure of what's going to happen in the political, the financial and the housing markets. You know, when they're all moving so quickly at the same time. And so investors are looking for yield. They're looking to get their principal back.

Yeah.

And get some yield on their principal. What they don't want to do. And you know, rule one of investing is don't lose your principal. Right. Because you can't make that cash back.

Right.

Number two is refer back to rule number one, never ever lose your principal. So as an investor, if they're looking to passively invest in a business, the first thing I'm going to look at when I invest in companies which I've done and bought and sold multiple companies, multiple, you know, pieces of real estate is when Am I going to get my money back? How quickly am I going to get my money back? Your print, then I look at return, then I look at return number two. Exactly. Then I look at return number two, then number three. What I look at is, can I get somebody else to be the money partner to put up the money? And can I get involved in a business with none of my own money, but because I brought the money partner, can I be in? So I do that with real estate deals all the time where I get a piece of the action and have, I don't find the deal, I don't flip the house. I also don't bring the money, but I bring the pieces together and I might get 20 or 30% of the profit because I helped bring in the money and connect the money partner to the investor, the borrower. So that's another way I would, you know, encourage your people to think about how do I, how do I get money for a business or how can I get involved in a business by just, you know, understanding other people's needs and what they want to do with their money? Can I bring money to the table and get a piece of the action for just connecting the dots?

And does that go back to just maintaining your network? Do you have a list of potential investors who are like, hey, I want this amount of return? And you say, great, I'll add you my Rolodex and I'll get to you when I have a deal that makes sense, or do you manage that in a different way than your other deals?

Yeah, Ryan. So this is a giant, very timely topic. And I don't know if we'll have time to go into much detail today and maybe we can do another, another, another interview on it. But there's what's interesting and most people don't understand and don't know, is that the Jobs act of 2012 was probably the greatest piece of financial legislation that our Congress and government has ever passed.

Because I didn't think the government has done anything good in the last 10 years. So you have my attention.

Oh, boy. Oh, boy. So I know we have it. Yeah, I have your attention. I know we're gonna have everybody who's listening's attention. So the jobs act of 2012 removed an 80 year ban on advertising your offer, advertising your business, raising capital. So anytime you offer either a fixed return or a note or a mortgage or you offer, you know, even equity, it can be construed or be looked at as a security that you're offering a security. Well, the securities are regulated by the securities and Exchange Commission. I happen to have an incredible securities lawyer. His name is Ralph, and he's a great guy from Michigan. But.

Since my big surgery, Ryan, that you're familiar with two, three years ago, we've raised tens of millions of dollars. And Ralph has helped me navigate the waters. But what happened with the Jobs act is they removed an 80 year ban on the ability to advertise. So if I'm looking for money for real estate, or I'm looking for money to fund an Amazon business, or I'm looking for money to fund an Internet marketing business or a startup, or, you know, I want to, I want to bake cookies and sell them. If I want to offer people a piece of my business or offer people a return, maybe they're just going to give me a loan. You can actually advertise that to the public if you have the correct disclosures and you're compliant. You could literally put up a billboard in the middle of Times Square that says, I pay 13% fixed return.

And imagine the amount of people if they saw that billboard would think, wow, 13% fixed. Wow, that's a great return. I'm gonna call the number, I'm gonna visit the website, I'm gonna contact the office. So this is called a 506C securities registration. So without getting too technical, Reg D. Reg D is the exception to the securities laws, which allows little guys like us. And I say little guys, even though we do really well, because we're not, you know, we're not Goldman Sachs and we're not Merrill Lynch. We're the little guy. The little guy can raise private capital, either debt financing or equity financing from private investors. And we can actually advertise to the public under this 506C registration. So you just have to get the proper registration, pay a little bit of bucks to a securities lawyer, and once you're registered, you can publish your offer to the world. Now, the only, I guess, little caveat is that if you're going to advertise, that advertisement needs to be directed to accredited investors. And you can only take money from accredited investors. But here's the cool thing. The catch is that you can have a second offering, a what we call a B fund, where you can actually take anybody who's not accredited. You can take money from non accredited investors into your B fund or your B company or your B offering, if you want to call it. So we now, me, personally, we raise tons of private capital from investors all over the country, all over the world. And we have a 506C and a 506B registration. And so that allows you to publicly advertise your offer to the world and go after these accredited folks and you're obviously going to have some spillover of non accredited. And so somebody's looking to, you know, fund a business and get real big startup money and is looking for that opportunity. I highly recommend they seek out that 506C registration, talk to a good securities lawyer and take it from there.

That was, that was pretty meaty. That was pretty technical. But I believe that in another life I had a business lawyer. I was raising private capital and investing for people because I believe that's how in, in another life that's how I owned the Cleveland Indians or how in this life I'm going to own the Cleveland Indians just because of all the cool stuff that you can do with that. Josh, you are, you are the, you are the guy, at least in my network that knows the most about this. You've published most of what you know into a program called 40K Flips. By the way, that is such a cool name for a, for a program. I don't know who came up with that name. Yeah, I know, guys, that person is a genius. And I want you to just talk about 40 fake 40k flips right now. I don't even know if it's open right now, but I know it's a class you put on sometimes and yeah, we'll probably promote it at some point anyway. So let's, let's do a little drop for people as a tease for the next time it's coming out. Sure.

Yes. So 40k flips is the training program that is me teaching what we do. So we buy and fix and flip and sell properties about. We buy about three to six big profit deals a month and we sell three to six big profit deals a month. And so you know, when you add it up, you know, 30, 40 grand times three flips a month. It's a pretty nice income. And we started teaching this about.

Maybe.

Two years ago, maybe a year and a half ago. We actually came out with a training program. And the way we decided to actually fulfill it and teach it is actually like a college course that somebody would take from a place, let's say like the University of Phoenix where you enroll and you take an online class and you get your, let's say your MBA from the University of Phoenix. So we deliver this where we sell the program and then we take people through an eight week live coaching program, an eight week live workshop. Where we teach this process of getting access to the funding and then buying the properties and finding the good deals and then outsourcing the improvements and then launching the properties and then closing them for these big 30, 40, $50,000 profits. On average we make about 40k a deal. So it's called 40k flips. So it's pretty cool. And I know a guy who helped me come up with that name and.

But that guy sounds very handsome.

Whoever, he's a good looking guy for sure. And so the 40k flips program is exactly that. It's a program that someone can enroll in. What's great about it Ryan, is that we now offer and give our students and subscribe the funding that they need. So we actually just to kind of bring everything together, Ryan. We take that 506C and 506B registration that I talked about earlier. We advertise and raise tons of private money and we actually use that money to make investments and loans to our subscribers and our members so they can fund their 40k flip deals. And so through that program, people, we take them through this workshop and what's really cool about it is when they do their first deal, we actually give them their money back that they've actually enrolled to put down on their enrollment. We give them their money back when they close their first deal because we want to give them that incentive to make money and make profits and we fund their deals, we get a little piece of their deal. We actually make more money by partnering with our students than selling the courses. So we want to give them their money back when they actually close that first deal. Yeah. So 40k flips is, is, is the name of the program, the best place to get information about that. Right? I don't know if you want me to give that out or not.

Well, we'll probably promote it once once live again. So if you're just on the newsletter for freedom Fast lane, we'll, we'll. I've worked with Josh for a long time and it's a program that I definitely recommend and next time it's open we'll be, we'll be opening the doors for it. Well Josh, I am fascinated by this stuff and there's so many, there's so many people who call themselves real estate experts or call themselves funding experts and really all they are doing is, is trying to make a buck and you really are, I guess what I'd consider the model real estate investor and instructor. So thank you for, for inspiring, educating and empowering us to live more, more Extraordinary lives. Keep on changing the world, buddy.

Thanks a lot, Ryan. I appreciate you having me on. Thanks a bunch.

I thought it was fascinating the way that Josh talked about his reason for leveraging cash because it means infinite return on your money. How much freer would we feel about starting a business or taking a risk if there was no risk to us involved? I thought that was really smart and applicable to a bunch of businesses. Hey, if you didn't catch the joke, Josh and I were talking about the name of 40k flips. I did some marketing consulting for Josh a few years ago and helped him come up with a name for 40k flips, which is why we were joking about that. If you didn't catch on to the very handsome man who named 40k flips, well, it was yours truly. Hey, I want to draw your attention to perfectly passiveincome.com of course, that I'm releasing right now, first course in a very long time. And we are also going to be doing an investment series here on the Freedom Fast Lane show because, you know, part of being free is knowing that you're going to be taken care of is knowing that there's going to be passive cash flow coming in whether you're working or you're not. And no matter how many entrepreneurs I work with, this is a fear that it's all going to go away. And I'm shocked at how little entrepreneurs know about investment strategies that produce incredible ROI with very little risk and allow you to be free of this need to stay safe and this thing that keeps us trapped because there are investment vehicles out there that liberate us to live lives that we're really passionate about. And that's why I decided to put together Perfectly Passive Income. Would love to hear your thoughts on today's show. Head over to the blog@freedomfastlane.com make sure you're subscribed to the newsletter because we will be sending out announcements when courses like Josh's become available again. And that would certainly be something I would recommend that you invest in if the Flipping Houses model is part of your wealth triad. This is Ryan Daniel Moran signing off for Freedom Fast Lane. Thanks for listening. I'll see you on the next show.