Ep 111 - Week 16 Live Progress Update

Hey, everybody. Flip and Danny here, founders of the Freedom Real Estate Group family of companies. And welcome to another episode of our.

Podcast, which is called Freedom through Passive Income.

That's right. And today is one of our live episodes. And you can see we're on location. Wow.

It's pretty out there.

It is. And it's pretty nice out there, too. So this week we're actually. Well, we're going to talk a little bit here about what we're doing this week, but this is one of our live episodes. This is our week 16. And those of you that have been following us, I usually say the Spanish word for.

I think it's dies.

I don't know. That doesn't sound. Maybe that.

What's 10 in Spanish?

Dies.

Okay. Yeah, I think it's Daisy's ace.

Okay, we're gonna go with that for now. So. But this is week 16. I can't believe we're at week 16. But this is our live update. So last week we went to Austin, Texas, and we spent the week in Austin. And so last week you saw us, we were in Austin. That was what, the Austin thing? Yeah, yeah, yeah. So we were in Austin. We were with my family.

Yeah.

We were trying to do a vacation. We were also trying to do a vacation, but then there was also some family events that we went to. And then there was also a lot of work because it's like a whole bunch of deals and everything was all whipping into a fever right at the time that we're in Austin. So we flew from Austin on Monday morning, and we're here in Tampa, Florida, and we flew here for a mastermind that you're going to talk about next.

Yes. Yeah. So we're here for the Power Room. It's one of the masterminds that we are in. We are in mini. This is one of our favorites.

Yes, it is.

We come every single chance that we get because we just surrounded by other CEOs and founders of other companies in different niches. Doesn't have to be real estate, but a lot of us are in real estate. And it's just fantastic to surround yourself with people at the level that we all are, because when you're building a company or running a company, you're very isolated and alone. When you come to a mastermind like this and you're surrounded by other people, it's like, suddenly you're like, ooh, I can talk to you about something and you'll understand what I'm saying. And it's really phenomenal. And we came here With a couple things that I had. You know, you come with, what can you give and offer other people, and then what do you need help with so that you could kind of have an intentional force behind who you're talking to and what questions that you're asking so you can solve a problem in your business. And so I came here with a couple questions, and one of them fully got answered. I was like, whoa. And it got answered, like, immediately. And I was so excited about that. The other one, I know who to talk to to get it answered. And so it was really exciting. But there's also great speakers. And so that's what we wanted to share with you, really today was we picked our two favorite takeaways from it. Mine was when Andrew did his talk about money and he talked about what the 1% of the 1% does with their money. I was blown away. I had never. It's not that I have never heard about it because I've been in the finance world studying finances for a really long time, and so I've heard different pieces of it. I never heard it laid out and structured the way he mapped it. So we're going to be spending a day with Andrew here soon. We got to schedule it to really do that with our own business. And I'm super, super excited about that.

Yeah. So if you could have had a camera on Danny and my face when he was going over this, it was. We were. Both of us were deer in the headlights just the entire time. So that was great. And, you know, you talked about the speakers. So that was your takeaway. One of my takeaway was a different speaker. And this speaker, he actually worked with three different presidential election campaigns, and all three election campaigns, he won.

Yes, he's undefeated.

Yes, he's undefeated because. And it's weird, in his world, he has six months to do a job, and if he doesn't do that job, meaning his, you know, whatever, whatever person is running or whatever, it's for Senate, Congress, President, whatever. If that person doesn't win the election, well, he's fired. Yeah. So it's you win or you're fired. It was perspective. But he talked about consumers in the world right now, that 75% of the consumers are overwhelmed.

Yeah.

And put your mind into the consumer's mind when you're marketing to them. And with 75% of the consumers are overwhelmed right now. And so that really just blew everybody's mind.

Yeah. That was really a light bulb. And obviously, because of COVID and everything that has happened over the last Couple years. Right, right. Yeah. It's just piled upon. Piled upon piled. I can see how it's possible.

And before you go on to the next one, the cool part about this Mastermind is that it's not just real estate related, like you said, it's a bunch of other people. And so the speakers that they bring in is a wide variety. And so we had the gentleman that was the. He worked with three different presidents, so actually two presidents won twice. See if he can figure that one out. But. And then. And then he worked with another president that also won twice, but he only worked with him once. Boom. But there's also. They brought in the Hodge twins. If you've never seen the Hodge twins, Google them. Be prepared.

Be prepared.

Yes. Not all of their content is for children, or children's ears, I should say, but they were hilarious. And then he also brought in Tim Tebow, and Tim Tebow actually spoke. And if you don't know what Tim Tebow is doing today, also Google him. And check out Tim Tebow foundation, because it was just. That was an amazing hour.

Yeah. I think he literally had the entire room of CEOs and founders in tears.

Yeah, I'm pretty sure he did. Yeah.

But it was powerful. Even our Facebook yesterday we talked about the last line that he said right before he left the stage, which was, I hope that you will all be successful, but more than that, I hope that you'll be significant. I was like, man, that's powerful. He was a great speaker. Okay, so now off the Mastermind, we're gonna go back into real estate, because that's the world we live in.

Yes, it is.

And it's the 48 unit. Last week we told you that we finished the offering memorandum and we sent out the very first email, and we were fully subscribed in 26 hours.

Unbelievable.

Yeah, so we are super, super excited about that. We also have scheduled the environmental study, which is called a phase one in commercial, and we have the appraisal scheduled. So they were trying to collaborate and get those two scheduled at the same time so that they could go into the apartments at the same time during a pest control visit. So that's one of the things that you kind of work on whenever you're purchasing a property, is trying to not disturb the tenants as much as possible. Yet we had to get in and look at it to decide if we wanted to buy it. Phase one appraisers, they all have to get in. And, you know, so these tenants are having just people, and they're like, what is going on. Anyway, that's the newest Update on the 48 unit.

Awesome. And then the commercial deal that we had talked about, I think I'm most positive we talked about it last week. It was down in Cincinnati. It was in the over the Rhine section of Cincinnati. Huge. An area that just 10 years ago was, you wouldn't walk down the street, and now it's all gentrified, but it's dead. Wah, wah. Yeah, we, you know, that was part of the reason we talked about this before. We, you know, don't get emotional. And, you know, and it was one point that Dani was running numbers, and she's running numbers, and she's running numbers. I'm like, I think you're trying to put a square peg in a round hole. And so that was when we both kind of realized it. Just like, no matter what we did, it just really wasn't make sense. And as much as we want to have another deal and want to do another deal, it's. We just get it done.

The numbers are the numbers. Right. Don't get emotional. And I really was excited about this one, probably for the location more than anything.

Right.

And those, those apartments, they're beautiful. And, you know, second, third, fourth floor. There was so many opportunities between renting or doing an Airbnb. And you're right. Like, I tried every creative way to make it work, and it just didn't work. And ultimately you just have to say no. So we said no, that one's dead. The storage unit. So remember last week, if you were watching the live, I was like, if I had my computer right here, I'd be going fresh. Fresh. Because we were just waiting for the seller to sign the loi and get it back to us. So it turns out that he met with his attorney, and one of the leases that he has at that property has a first right of refusal on that, I think one of the buildings, I don't think the entire thing. So we have to wait 96 hours. And I think we learned about that two days ago. So I think we have one more day to wait and see if that deal is going to go through or not.

So we should have more information on that next week.

Yeah. This is the life of real estate.

Yep. Hurry up and wait.

I know you always think you're this close and then you're waiting again for something else, and then you're this close, and then you're waiting again for something else. It's crazy.

So we know we talk about every week, we talk about our new nutrition and Fitness that we're on Wa wa. We're on vacation. It is way harder than we thought it was gonna be. I mean, we came prepared as much as we could. Y and darn you rudies.

Not just that, like the workouts. So we had body weight workouts. You had dumbbell workouts. Because both of our hotels had gyms. We had all of it. Just we had really planned. We had set ourselves up for success. And we are up early in the morning trying to fit in some work stuff before we go out to whatever it is or get to the mastermind. And two weeks straight of that, we're dying. I'm so tired. I'm starting to not feel great because I'm just not getting enough slee and I'm just running so hard. And we're trying to fit in good eating and keeping our workout. So. Oh, yeah, it's been crash. I feel like I'm crashing. But I know once we get back home and back into our normal habitat, it'll be very easy to just jump back into things. But it was a lesson for us this week about how hard it is to stick to this during travel so that now, the next time we travel, we just need to be better prepared. Yep, back to that. Be prepared. What movie is that from?

I have no idea, but thank you.

Thank you.

Usually I'm the one that does the movie quotes.

It's like a cartoon, I think Lion King maybe. I don't know.

But as you can see behind us, we're here in Tampa, Florida. So today we're actually spending today and tomorrow. And I get to drive around tomorrow in my fun shirt Friday shirt. So hopefully I don't embarrass you too much. But we're driving around Florida looking at areas that we're looking at for potential and potential properties to move down to Florida.

Yes. We are super excited. Yesterday, after the mastermind ended, we actually went out and we went out to clear water and just sat down in a restaurant and enjoyed ourselves. And we're just like, this is it. And we are just in heaven. This is absolutely 100% where we're moving to. And we've baffled between a few states from time to time. No more baffling.

No more baffling.

We are moving here.

It's funny, we were walking down the pier and I said, wow, this water is so clear.

Clear water.

Clearwater. That's how they got that name. Yeah. Not the brightest bulb on the tree. Anyway, we do like to keep these as short and sweet as possible. I don't think we did that today, but make sure you're joining our investor club. Go over to freedomcapitalinvestments.com and join our investor club because there's lots of goodies inside there. But we're in all of the social medias and YouTubes and Instagrammers and Tiktokers and all those things. But we always like to end all of our episodes with Invest Smart, Live Happy. Bye everybody.

Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on this show are not guaranteed. All investment strategies have the potential for profit or loss, y'.

All. Sam.