An investor got a 45% return on a triple-net lease for a medical office building with septic services. The speakers call septic a guaranteed business because everyone needs waste management, making it a rare off-market real estate deal.
Tommy, do you want to tell the septic tank story?
Are you referring to like how I came about selling them or what? I'm trying to understand what story.
So that it's an off-market deal and how that whole deal happened, like how the relationship happened and how it evolved and now how it's turned into this whole other thing. And I just have to laugh because yesterday I was sharing with another one of my investors, which, by the way, paid them back 45% ROI. I'm pretty excited. That is not typical. Just so we're clear, this has—
The little disclaimer is going across the bottom.
Don't hold me to any of this. Just happened to be on this deal. It was awesome. It was a triple net lease commercial medical office space. I'll talk about that. But we were talking about, have you ever all heard that, you know, there's a few things that are guaranteed in life: death, taxes. There's a third one. Are you ready? Poop. Everybody needs to poop, which is how these septic tanks came to be. So yeah, so go ahead, Tommy. This is why I love this business.
I was building custom homes and the difficulty I experienced in trying to find somebody to do septic tanks cost me about $10,000 just to find somebody.
