Tyler wants a real-estate partner with skin in the game, not just a "rich uncle" writing checks. When your investor shares the same incentives, you can move fast on deals and actually sleep at night instead of worrying about traditional finance pulling you into bad situations.
Chapters
So, so another thing that gets a lot of people is that, you know, I tell them because I'm not good at real estate, uh, I need somebody to, to partner. Yeah. Right. And they're like, oh, what do you mean? I was like, look, because I'm not good, I have to go find somebody that is going to put just as much skin in this game as, as I am going to, if not more. Yeah. And then I know that they are not going to guide me toward an investment that is going to make them lose their money. Yeah. Yeah. I was like, so it's like you're doubling down on yourself. I was like, which is the strongest positioning I think you could take. I was like, without getting in over your head.
We call it the rich uncle thing, right? If you had a rich uncle that knows real estate and you said, hey, I don't know anything about real estate, but I want to buy a house. Yes. And the rich uncle said, hey, I'm going to put a couple hundred thousand in there with you. You know, not only is he your uncle, you probably trust him, but he has— he's got his money in. So, so now you know they're probably going to have my— our best interest, their best interests at heart, which is also my best interest. Yes.
Which makes you feel good about what you're doing. And at the end of the day, you want peace of mind, right? Yeah. You don't want to feel like you're just getting like ran through a process and then something's going to come back at the end that's going to make you regret the whole entire thing. Yeah. And I was like, I think that's the risk that happens when you're taking on an asset that is like probably one of the biggest assets you're ever going to have in your life. And I want to be able to sleep at night, and I want my, my wife to be able to sleep at night. And I was like, this made us feel like that, and but it didn't slow us down. Yeah, so it was right, it was, it was the perfect spot where we could move just as quickly and as, and have as much flexibility as we wanted to have, but not be wrapped up in all this other minutia when, when I was dealing with traditional finance Yeah, like I always felt like someone was trying to pull a fast one on me, and, and it was like really taking me out of conversations that I wanted to be in when it came to the homes that we wanted. So I just— it just hit so many different areas like quickly, and then it checks— checked the box religiously, and I was just like, I was like, I don't really need to go anywhere else.
