Ep. 122 How to Navigate Mobile Home Parks in Today's Environment with Bryce Robertson

Recessionary environments happen. Like we're in now. And like what I believe we're coming into, a lot of demand for mobile home parks actually increases.

Welcome to the Next Level Income show where it's our goal to take your income, your investments and your life to the next level. I'm your host, Chris Larson. If you haven't yet, get a copy of our book for free at our website, nextlevelincome.com. that's www.nextlevelincome.com. just click click on the book link and I'll even send you a copy if you put your address in. On today's show, we have my friend, Bryce Robertson. Bryce is a native Australia. He dropped out of high school with no knowledge of business or entrepreneurship at the time. After a few years in the underground gold mines and six years of world travel, Bryce met the love of his life and planted his feet firmly in the USA. From there, Bryce turned a negative net worth of $2,000 in unseasoned credit into financial freedom in only two and a half years. And during the process, he created order, peace and prosperity in his life and in the lives of those around him. Bryce currently is host to a life altering two day live and Virtual freedom, I'm sorry, Financial Freedom Mastery course where participants create their own fully customized financial freedom action plan in order to create financial freedom in their lives as soon as possible. And he's going to discuss that as well as dive deep into the mobile home park space in today's episode. Bryce, welcome back to the show.

Yeah, pleasure to be here, Chris. Thanks for having me here today, mate.

Yeah, absolutely. So you know, as, as I was saying in the intro, we had you on the Next Level Income show. I want to say it was back on the. I have to go back and see if it was technically the first season or when it was. But I do specifically remember that you were sitting in, I believe it was Brazil and it's just amazing. So I'd love to start out with you telling a little bit about your story, how you got into real estate and how you've really created what you like to call this freedom lifestyle.

Beautiful. Yeah. So last time Chris and I spoke, I was tuning in from Florianopolis, Brazil. I was actually surfing there on a three week trip that ended up turning into six months, 20 country world tour, which is part of the freedom lifestyle that I live. So my name is Bryce Robertson, born eastern Australia. I got to near the end of high school and then realized there's no chance I'm going to university I wasn't vibing it, I wasn't feeling the whole education path. I wanted to get out there and start earning money as quick as I could. At the time though, I had no influences and entrepreneurs or business owners. So I really know what to do. And I thought my best option was getting the highest paying blue collar job. So I went an apprenticeship as a steel fabricator, welder, did a five year apprenticeship in three years and then once I completed that, I moved out to Western Australia, work in the underground gold mines because that's where you earn the big bucks, welding. And I was working like 12, 14 hours a day, seven days a week, eight weeks on, one week off. And I did that for about two years in Western Australia and Northern Territory. Really learned the hard yacker of working hard. And I'd saved up a little bit of cash, a decent chunk of cash, because in my early 20s I had a dream that I wanted to travel the world for six years. I did it. Here's how I did it. I left Australia in my early 20s, went over and set up my first base camp in London, England. It was my base camp because that's where I worked and earned my money. So I would work five to seven days a week, maybe 10 to 12 hours a day for a couple of months at a time and save up a little chunk of cash. Then I would go traveling through Europe until my money ran out and then I would come back, earn more money, go traveling through Africa. And I did that UK Europe and Africa cycle for three years after that. I want to change the scenery. So I went from 12 million people in London over to 5,000 people in a really small ski village in the Rocky Mountains in British Columbia. The ski village was called Fernie in B.C. in Canada. And I just wanted to go snowboarding there. So I really, I just went there for one snowbo season. But I fell in love with the place as soon as I got there. And when I got there I found out they had coal mines just down the road. So I started my gig out in coal mines and ended up staying there for two years. And when I wasn't working in the coal mines, I was firefighting or I was downhill mountain biking, snowboarding or enjoying some kind of outdoor mountainous activity. And because I was so engrossed with what was happening there, I didn't really travel much during that two year period, which enabled me to save an even bigger chunk of cash this time. So go on an 18 month surfing and scuba diving trip down in Central and South America. And during the Last six months of that tour, I met my wife who's a native from California and we really hit it off. So naturally I ended up here in the States. Now that was about 13 years ago. And when I ended up here in the states, my wife and I made an agreement with each other. We wanted to recreate this type of freedom lifestyle. Except this time, number one, we wanted to, but without our money running out. Number two, we wanted our money to actually grow while we're traveling and having fun and living free. So we looked at the three main ways make big bucks and that's owning a business, real estate and the stock market. I think cryptocurrencies fits in that stock market category back then wasn't really a thing. So out of those three categories, I tried about seven different side hustles in the beginning to just see what would stick. And you know, I was doing multi level marketing, forex trading, trying to fix and flip homes, about seven different side hustles. And after a little while I realized I'm spread too thin, I'm mediocre success. I need to take a step back, choose one thing and then laser focus on one thing until I'm crushing it in that one thing. Now I knew it was going to be real estate because at the time I had a 20 year background in construction and construction management. What was I going to do in real estate? Looked at all the different ways to make money in real estate. I looked at fixing and flipping wholesaling, single family homes, multifamily apartments, mobile home parks, self storage notes, the whole kit and caboodle. And over and over and over again, mobile home parks kept popping off the page. Massive supply and demand favor of mobile home park owners getting to fulfill what I believe is America's number one real estate problem. And that's the need for affordable housing, excellent tax benefits, high cash flow, high equity returns, and also very little competition. So I was all in and it was going to be mobile home parks. And so I decided to laser focus on that. Once I made that call. Three months later I got my first mobile home park under contract. However, at the time I had a negative net worth $2,000 in the bank and unseasoned credit. So I couldn't get that deal across the finish line myself. So by nature of those circumstances, I had to lean out to family and friends to bring the capital in to fund the deal. So we did that. Ended up having a couple of friends that joined and then I had to go out and negotiate some private financing through someone's Retirement account, self directed retirement account that we did for the note on the park and brought a couple of friends in, got that deal across the finish line. And, you know, that was, that was basically the beginning of what I do today. And once I got that first park under contract and across the finish line two and a half years later, after that rinsing and repeating the syndication model, I became financially free, retired myself. My wife did the same. And then we were in a position to work because we choose to, not because we have to. And that was quite a while ago now.

Oh, my gosh, dude, I love your story so much. And everybody should know that Bryce now lives in Asheville, North Carolina, where we not only do business together, but we're also friends, man. And I just, I just love the way that you have a passion for life and that you have intentionally lived it. So I'd like to dive into a lot of different areas of your story. So, you know, Bryce, I think I want to, I really want to get deep into the mobile home park sector. But, you know, there's, there's some stuff that you brought up there. And it just dawned on me a couple things that I thought about. You mentioned focus, right? How important focus is to achieving your goal. And you said, hey, I was doing seven different side hustles. I think a lot of people, they say, oh, I'm going to do this and that. And people ask me that, they say, hey, you're invested in all these different sectors. Should I do all those too? But I really only did multifamily for many, many years. And then I said, okay, now we're going to scale our business by taking the lessons we've learned from this and do other things. I know you're into other things as well right now, but how important is that? I mean, you did an apprenticeship for three years where you just welded, right?

Yeah. The whole laser focus thing is huge. It's interesting because people talk about a diversified portfolio and to not put all your eggs in one basket, but to start off, when you're actually building your investment portfolio, you should totally put all your eggs in one basket. Focus on one thing until you're successful at it. Then after that, once you're successful at it, then you can branch out into other things. And that's what I did. Arnold Schwarzenegger in an interview actually said he has no plan B. You know, if he was going for Mr. Universe or the governor of California or any of the things he did, it was just play 100% focus on that. And if he had a plan B. His theory behind it was that he would actually take a certain amount of percentage from, from A and put it over into B. And now he's not going to perform at 100%. So if you really want to crush it at something that you're doing, it is worthwhile to put 100% into it until you are crushing it, at which point you can automate it and then you can get outside of it and add on extra things.

No, I think that's. I think that's great. I think really it's focus and scale, and I think that's what people, you know, hear diverse, you know, diversify and. Okay, you know, diversification is good if you're following traditional investment advice, which I don't do. I know you don't do, and I tell people, don't invest in your 401k or stop investing in your 401k. You're not going to get. You're not going to be financially independent by, you know, putting money in your 401k and waiting until you're 65 to retire. So I think those are two important lessons. But the other thing that I think is as, at least as important is having the right partner. And I met your wife. She's amazing. Maybe even more amazing than you. I know my wife's more amazing than me, Bryce. You know that. So how important is it to have the right partner on board when you're, when you're building your, your. Your plan for financial independence and freedom?

Yeah, it's. It's huge. You know, like, I start off with the goal of making money, and then I realized really, essentially I was on a path of self development. That's what it's been the whole time. And on my path to self development, I've gone to tons and tons of trainings and tons of seminars and events, and my wife has been there for almost the entire time. The interesting thing is when I go to most of these events, like, the vast majority of people in the room are there by themselves and either their partner doesn't stand, why they're into what they're into and what they're getting into, or they don't want to be part of it. And I just, I don't know. I can't speak for what it's like to be in there. My wife was with me the whole time. So now any decisions that I make or anything like that she fully understands because she understands the context behind it. And we were in a flow. And like, right now, I mean, she doesn't really have any part of decision making in what I'm doing. But in the beginning we were making these like financial decisions together and to have someone like on the team with the right mindset is being huge. And I couldn't even imagine what it's like to actually have somebody that I'm consistently trying to educate or convince. You know, there's a lot to this stuff. So like, to have that like power couple setup I think is super powerful. It's, it's amazing. And you know that it's a double edged sword. It actually comes with accountability too because once we've gone through some kind of training together and we know that we need to be at this level, if I'm down here, and I know that I should be here, she's going to call out on it. She's going to be like, hey, I know you're not like living up to it, so. And I welcome that. And that's a good thing.

I know you do. And I've had some conversations with you, your wife and she, she's held me accountable, even in brief conversations for different things. But no, I think it's, it's so important and I think it's, it's one of those things that we don't talk about enough. And I think it might have been Robert Kiyosaki who said, hey, you can marry a Mary, you can marry somebody that's rich or poor just as easily. And I thought, well, that's kind of, it's kind of shallow when I first heard it. But at the same time, you know, it's also, it's a mental state. And if you're going to build a relationship with somebody, and Jim Rohn says you're the average of the five people you spend your most time with. Right. Well, who do you spend more time with than your partners, your business partners, your spouse, your romantic partner? Right. Like it's so, so important to be on the same page. I think you made, made a good point. Like you don't, you don't have to do everything together. You don't have to make every decision together. But I think you have to have the right base, you have to have the right foundation where you say, hey, do we agree on these principles that we're going to follow in our lifestyle and our financial decisions, you know, with our friends and those sorts of things, and that makes everything easier. And you know, you can make a decision as long as you know that she supports you, then you, you can go full force with that right.

And the interesting thing is, is we were laughing about this the other day because we've been Married for over 11 years now, and we've had our ups and down challenges and all of this, but one thing that's been consistent throughout is our financial decision making and, like, making money even through thick and thin, that's been, like, perfect between us the entire time. So it's just, it's something we really connect on.

I think that's huge. I mean, it's, you know, it's one of the. One of the biggest reasons why people get divorced. It's a big stressor. So, yeah, so I think those are two. I mean, we haven't. We haven't spent a lot of time on this podcast talking about that, but focus. And the importance of having the right partner along the way. Like a true partner. Right. Your romantic partner is so important. So, again, you know, I love mobile home parks. And, you know, this podcast is airing. We have a lot of financial uncertainty, and people like, I got asked a question by an investor today, Bryce. They said, well, you know, I know, okay, you've gone over your plan, you've gone over your strategy, but we have a lot of uncertainties in the market today. How do you prepare for that? How do you make a plan so that you can avoid the downfalls of this? And I'd love for you to talk a little bit about the resiliency of mobile home parks, because a lot of people hear mobile home parks, and you mentioned it's one of the, if not the most affordable housing option that's out there. But a lot of people hear mobile home parks and think, nah, I don't. I don't like that. Like, I don't want. I don't want that as an option right in my neighborhood. But let's talk about some of the benefits and some of the problems that they actually solve.

Yeah. So, you know, arguably, wherever you get information from, about a third, you know, 20% to 30% of America needs affordable housing. You know, there's varying data all over the place. It's a lot of people. Only 44,000 mobile home parks nationwide. So, okay, so to put this into context, if I was a multifamily apartment operator, I would choose one msa, and I would laser focus on that, and I would just excel in that msa. With mobile home parks, there's not enough mobile home parks in each MSA for us to do that. So instead of us choosing an msa, we pick a region for us. We prefer the Southeast. We're Also in the mid, we used to be in the west, but Southeast is our favorite market and we have to say the whole Southeast because there's only 44,000 mobile home parks nationwide. If you actually do the math on that and you average out how many lots are in each park, it's like it's a dismal percentage of people that actually help in the affordable housing that need affordable housing. When I'm saying affordable housing, I'm talking about housing costs that are about 700 bucks or, or less. And that number going up very quickly. It's at least increasing by 20% a year right now. And mobile home parks are currently the largest contributor solving that problem. But it's just a simple math. It's absolutely impossible for mobile home parks to solve that problem alone. But it puts us in a really, really interesting place. Because when recessionary, recessionary environments happen, like we're in now and like what I believe we're coming into, a lot of demand for mobile home parks actually increases. Okay, real life example usually so demand.

Demand for mobile home parks increases during recessionary times.

Yes. For, for like tenants to be housed in mobile home parks. Real life example is we pre Covid. We would have, I don't know, maybe like five, ten people at each park that are pre qualified and pre screened ready for a home waiting for our next available home. Right now at some of our parks we've got almost 80, 8008 at one singular park.

So like basically 10 times higher than.

It was 10 times higher. And like we literally cannot keep up with the demand because what happens is, is when people have, when inflation's going up and prices are going up and everything's changing, people need to downsize and like how much they're spending. And a lot of that happens to downsizing. How so then we'll have like people from single family homes go into apartments, people from A class down to B class people from B down to C. Usually people from C, if they're going to go down, they'd go to a mobile home park before they'd go to a D apartments because you still get your own land and your own backyard and all that kind of stuff. So all of that compression that happens up top here gets pushed and squashes everybody down to the bottom. And the only bottom holding placeholder is mobile home parks. This point, I think that creates an amazing opportunity for people to be creative on how they can solve the affordable housing problem. And I think whoever contributes to that in a big way in the next five to 10 years is going to be someone a very wealthy person. But mobile home parks in a unique position because all the demand is increasing for a recession. We are also working against a decreasing a decline in inventory that's available because more than 1% of mobile home parks are actually being closed down each year that are never opening up again because cities are more inclined to close mobile home park down than to allow new mobile home parks to get built. So because of that we have at least a 1% decline. And if you kind of math on that and you know, as time's going on, more and more demand is coming to the mobile home parks place because there's less and less parks available.

Yeah.

So that's a unique environment. Well, how do we get around what's actually happening in today's economy? And that's where we really this is our kind of specialty. And I don't see any other mobile home park owner operators or even other operators and other asset classes doing what we're doing to this very that we're doing it to be able to navigate through these recessionary environments. So what I'm about to talk about is our underwriting criteria, our assumption. We bring to the table that when we say we're projecting these returns for the next five years to our investors, they are based off these assumptions that are going to happen in the next five years. That's what I'm talking about. One of these is interest rates. So if we're going to do a refinance, if close on a property today and we do a refinance anywhere between 12 to 36 months from now, then we need to increase the amount of interest rates for that loan so that we can mitigate for any interest rate hikes between now and then. And so we're adding anywhere between 2 to 3 cents to the current financing interest rate so that we've got enough padding in there for a 12 to 36 month refinance. That's one thing. Now we started doing this long before the Fed was raising hikes. We did it before they even called. They were going to raise hikes. Another thing we do when interest rates increased a lag beyond that is that cap rates will increase as well. They don't always increase the exact amount they're going to come up somewhere near. Because when your interest rates increase and your cap rates stay low, then properties start to not cash flow. They don't pencil out. So loans to get done, the cap rate needs to come up as well. So deals still cash flow. So that means cap rates are probably going to go up. They haven't yet. Maybe they're plateaued right now, but we, I think they're going to go up in the next few years. So.

Dave. Dave? Yeah, I think, I think we've seen them move a bit. So I think you're right. I think they're coming, they're following a little bit.

Yeah, yeah, yeah. Maybe ever so slightly. Kind of like the beginning stages.

Not huge, but yeah.

And so what we do is we add on 300 basis points or 3% to our current cap rates to allow for a 3% increase in the next five years, which is huge. And I think it's highly unlikely that that much of an increase would happen. But what if it does? Gas we're covered for.

Yeah.

Okay. Now the cool thing about what we're doing with these, our assumptions, if these assumptions do not come to fruition and I've got a extra 2 to 3% on our interest rate, an extra 3% on our cap rate and those, and those interest rates don't and cap rates don't increase, then we're going to make a ton of additional profit on top. But if these things do happen where positioned and not only whether the storm, we're actually going to thrive through it as well. Some other things we take into consideration doubling our capital expenditures. So we're doing models on mobile homes and in some cases we're actually doubling the cost of what we believe we need. One, to build in for price inflation, two to build in for any supply chain issues and maybe even some delays in there as well. And so we actually double a lot of these costs now however, even though we do that, we even, we work with our own three in house construction crews that move from park to park knocking out remodels and they stay at the park until the remodels and then they move to the next one. And so we also double our construction timelines because there's staffing that's happening on a worldwide scale, especially at cities. If anybody's tried to get like permitting or anything from a city. Cities and counties are understaffed right now. And so we want to build in that timeline to be double of what we think it's going to actually be. Now we've actually got a really solid track record of coming in way under budget and coming in at about half of what our timelines are. But we want to say to our investors, everything in this deal could go wrong and all these things could happen and it could take twice as long and it could cost twice as Much and we're still going to be fine. We're still going to weather through the storm. But our own in cross construction crews, we're buying our materials in bulk upfront at the beginning of the project. So we kind of, you know, working against the price inflation uphold, period. And that gets around a lot of those. Another thing that we've been doing is doubling our property taxes because they haven't started increasing property taxes yet. But all a whole bunch of money printing happened. Phenomenal amount over the last couple of years has to be paid back. It's going to be paid back through taxation. One form of taxation is price inflation. That's actually taxation to the people. Other forms of taxation are direct taxation, like more in capital gains taxes, paying more in property taxes, maybe even creating some new types of taxes that we have to pay, who knows. So we double our property taxes. And one thing that we're starting to get early warning signs on now that we're going to start to build in is also insurance costs because our insurance providers gave us a little bit of a behind the curtains look, letting us know that insurance prices are going to be increasing massively in the not too distant future. Because while all this stuff is happening economically, insurance companies are hurting at the same time and they're going to pass that back to the people.

So yeah, they have to.

Yeah.

And Bryce, you really, you just did a great job of kind of pulling back the curtain from an underwriting perspective. And listen, this is in full disclosure, I'm an investor with you, I've known you for several years now and I love the way you bake in all these additional kind of contingency factors when it comes to this. You talked about interest rates, cap rates, taxes, timelines, construction costs, all of these things factor into, hey, what if this goes wrong? And you know, aside from all of the demographic trends you mentioned, it's, it's amazing to see that not only are local cities or municipalities cities, you know, localities not approving these mobile homes, mobile home parks, but they're, they're actually actively discouraging them and actively converting them to other things. My mother and father in law just got into town and they live in a community where they did just this, they took some mobile home parks and they basically made a deal with the developers to redevelop them. And I mean from a financial perspective it makes sense for the cities, right? They get higher taxes, so there's a financial incentive there. But it is interesting in a place like Asheville, North Carolina where I live, where the City talks about how they want affordable housing, but they wouldn't approve a mobile home park.

Literally. The first meeting that I went to in Asheville, real estate meeting, the mayor of Asheville was there, and she. The whole thing was like, she's about affordable housing, and we'll get all these grants for affordable housing. We want to solve the problem with affordable housing. I stand up. I'm like, perfect. I'm a mobile home park owner operator. What programs do you have for us? She's like, oh, mobile homes? None. I'm like, we're like the largest solver of affordable housing. She's like, yeah, not mobile parks. Okay.

Yeah, yeah.

And it's.

It's interesting. I was just reading an article. The issue in multifamily housing is that prices are going up so much that there's. You're actually removing affordable housing from the stock in the multifamily market currently. And it's really challenging. I think one of you know, you kind of touched on this. Bryce, you said there's a pride of ownership. There's land. You know, when you have a mobile home, I don't know if everybody that's listening knows this, but you rent a lot, right? So in a mobile home park, you rent a lot, you own your home potentially, you know, you're. Whether it's a, you know, mobile home, manufactured home, but you. You get to own that. And, you know, when you go into a park. So what's an average rent for a mobile home park?

I'd say for a lot. Yeah, for the lot right now getting up near 400. Yeah.

Yeah. Okay. So I'm renting a home a lot for 400. I own my home. That's on it. And let's say you come in, you make some improvements, my lot rent goes up. Like, what's an average lot rent increase if you, you know, if you come in, renovate a park and improve. It's. It's.

It's pre Covid. And I'm glad you brought this up, because this is part of our underwriting, too. Pre Covid, we were raising about 5% a year.

Okay. All right. So we're talking about 20 bucks now.

We're doing 20% all day long because things are raising so quickly.

Okay, so I'm paying 400 now. I'm paying 450. So if I want to move my home from a mobile home park, because it goes from 400 to 450amonth, what does that look like?

You're looking at a minimum of 5,000 just to move your home, transport it to the next place, get it set up, put the skirting on steps and all of that kind of stuff. Minimum of $5,000.

All right? So we're talking about 100 months for me to, for me to regain my, my investment, if you will. If I'm paying 50 bucks more. And that's, that's, that's a lot of years. So you got to really. And the problem is there's not a lot of options to move it. Right. And, you know, I think it's also important to note that people might hear 20% increase. That's crazy. But we're buying a deal right now in Myrtle Beach. Apartment deal. And that's the average increase in rents there annually. It's, it's, it's incredible. So it's happening across the board. So, Bryce, aside from mobile home parks, you mentioned some stuff in the beginning of the, you know, the podcast here. What other asset classes are you fans are you a fan of during, you know, during times like we're in right now where you have, you know, economic uncertainty, depending on who you ask? If you ask the government, they'd say, well, technically we aren't in a recession, Bryce, but anybody that pays attention knows what's going on. What other asset classes are you a fan of right now?

So, self storage. And we just naturally have self storage as part of mobile home parks, because when we buy a mobile home park, a lot of the time self storage will come with it in those transient people are downsizing and moving from place to place. They got to temporarily put their stuff somewhere. Temporarily turns into permanently very quickly. So storage is definitely very good. Cold storage, meaning refrigerated self storage is also like very adding to U.S. car wash investments. Very exciting through this period. It's a very, very untapped market, you know that I know you're. You're heavily involved in that space. Just.

Just bought one. Just bought one last week here locally.

So, yeah, congratulations, man. That's awesome. That's really cool. And I'm also a fan of bitcoin, so I'm heavily involved with bitcoin mining. I also am bring to the table bitcoin teller machines with America's number one BTM operator.

Like ATMs. Is that right?

Like ATMs for Bitcoin.

Okay, so there's probably a lot of people in the audience that are listening to that and saying, why would you need an ATM for bitcoin?

I am going to defer the answering that question probably until next time we speak, because I need to receive a lot more information from operating partners on that. But the long and the short is it's a way to actually be able to cryptocurrency transactions through a machine if you don't have access to computers. And it's a way to be involved in the space. Okay. And so you may have noticed some bitcoin teller machines going up in different places. Yeah, I've been traveling across the States and I'm noticing in the middle of nowhere, gas stations, they're starting to get these bitcoin teller machines. So we're gonna, we're gonna see a major increase in that. And also with where I believe our governments are heading, I'm kind of like on a worldwide scale, they're trying to make these central bank currencies. So then those kinds of machines I think are going to be used a lot more in those scenarios. So I think there's going to be a lot of uses for bt.

Yeah, listen, you can't deny that bitcoin is being adopted around the world. World. And if you look at the traditional technology S curve, that happens. We're still really early in that S curve. I think it was Peter Thiel in Miami who I heard speak at the bitcoin conference down there in May of this year, May of 2022. He said in his opinion today, the risk to reward of bitcoin is even better than it's ever been because you have the adoption, the prices dipped here. So if you're listening to this episode in October of 2022, you know, prices have been down. So I think that's, that's certainly an area that I've been very interested in here over the past two years. And I certainly think it's, it's an area that is worth, worth investing your time in. Bryce, you've, we've, you've written a couple books. You have courses. Tell us about the books you have out there, your courses, how best we can find you and get in touch with you if we want to learn more about what you're doing.

Sure, yeah. So, 10,000 miles to the American Dream. I'm actually a co author. There's eight of us. We're eight Australians that met over here in the States. And we all have eight different stories of how we came from Australia, landed here in the States and became financially free from US Real estate. We had eight different ways of achieving. So we share our stories through that book, 10,000 miles, the American Dream. You know, I've. I started off teaching mobile home park investing. I've got a variety of one day, two day courses, teach the whole kit and caboodle on mobile home parks. Also I teach capital raising as well. So I've got varied courses there. The main thing that people are actually have been reaching out is over the last 12 months, people who have been following me for a long time, who have never really been super interested in financial freedom, all of a sudden are like, hey, Bryce, that financial freedom thing you've been talking about, I want it, I need to learn. It's time. With all this stuff that's going on, I think it's important. And so essentially out of that, I created what we call Financial Freedom Mastery, which is a two day live or virtual event where each student that comes to join the event literally creates their own customized Financial Freedom Mastery plan based off their own specific needs, goals and circumstances. Because everybody's in a different position. And so we spend two days walking through 14 different freedom exercises where they're literally putting that plan together and then walking out with an actual financial freedom.

I love that. And I mean, you're not going to get this. Look, I've been to this, Bryce. I know what you get. If you're listening, you're not going to get this from a financial advisor. They're going to say, hey, put your money in the stock market, take it out at 3, 4 or 5% a year, hope you don't run out of money, but you teach something different. What's an attendee going to learn that they're not going to hear from their local financial advisor?

Well, first off, we're actually literally going to go through a reprogramming of our audio, visual and kinesthetic programming to reset ourselves for financial success. Because a lot of us have been programmed with negative financial mindset. We're going to pull out those weeds and we're going to plant new seeds in there. And then after that, we're going to spend a good while literally teaching you what the schools haven't been teaching you about making money. Financial freedom, independence. Because our school systems are created to make employees. They're not created to make entrepreneurs and investors and free people. Because if people were in that position, society wouldn't need them. And so they teach people to be a cog in the wheel at school. That's why I've spent hundreds of thousands of dollars and millions on actual direct education outside of school and millions of dollars of risk that I've put up to actually prove these things that I teach at Financial Freedom Mastery because they really, really work and thing about this is what I'm going to teach and what I'm going to unfold is not these kind of like super out there, crazy complex things that we can't wrap our head around. It's literally within three feet of our reach. And we just didn't know it was all there. And we didn't know that's how the money game worked. We didn't know how that's the investment game work. And no one taught us how to actually do this. So we're going to go over that. We're going to take a deep dive on that. And then after that, we uncover about the 20 different asset classes we are directly involved in right now, or we've got our finger on the pulse to get involved in in the next coming years.

I love it. Yeah. As Klaus Schwab of the World Economic Forum says, he wants you to comply. Comply, which is what they try to teach you in school. So, and I know, I know Bryce, you don't, you don't comply. So what's the best way? I know you have one coming up here just, just in a couple weeks. What's the best way? If people want to sign up for.

That best way is go to freedomtrinity.com that'll be the best.

Freedomtrinity.com beautiful.com and we'll have that in the show notes as well. Bryce, it's always good to talk to you, my friend. Thank you for sharing all this with our audience today. And please check out Bryce's website again. That is, I'm sorry, I don't know if you shared that yet.

Investcultivate.com and cultivate is spelled with an 8. So it's invest c u l t I v the number 8 dot com.

Awesome. Thank you, buddy. Have a great day and look forward to seeing you at your Freedom Mastery course here soon.

It's been a pleasure. Thanks, Chris.

Hey Chris, here again. I hope you found this episode valuable. Now I have one more thing to gift you. We have a page for my coaching clients where you can get a free copy of my book as well as much more from previous guests on the show. Just check out next level levelincome. Com Coaching to get a free copy of my book, audiobook and much more. I'll send you a copy of my book and cover all the shipping costs as a thank you for listening to the podcast. Also, please like share and take just 90 seconds to give us a rating on Apple podcasts.