Cruising - What if Wealth Felt Like Vacation

This is a transcript of a webinar by James Blakemore (Iron Mountain Capital Group) pitching passive-income real-estate investing that lets investors 'live like they're on vacation' while assets grow. Blakemore draws on decades in oil & gas and real estate, describes his shift to hands-off investing via vetted operating partners, emphasizes transparency, white‑glove communication, and legacy-focused, risk-mitigated deals, and invites listeners to join his investor circle and scheduled webinars.
Questions this video answers
2001
platforms@jamesblakemore.com
tacoswithjim.com
Iron Mountain Capital Group
Tuesdays at 1:30pm Central Time (with a live Q&A on Thursdays at 1:30pm Central Time)
Chapters
Welcome ladies and gentlemen, want to thank you for, for joining us at this brief webinar. I know it's been promoted as if it was about, as if it was going to be a, a webinar on cruising. But my, you know, my intention here is to talk a little bit about passive income and if you wanna, if you wanna make money while you're on a cruise ship, passive income is the way to do it. I grew up in what could be said as the original passive income business in that there is, and that would be the oil and gas business. You know, when we were, when I grew up, the oil and gas business, you know, it was kind of set up like you drill a well once, then you, then you live off of the income from that well for a long time. And that's the way I've run my business ever since I've been in a number of passive income businesses. I, I, I, I've told the story before about the first time I ever had a job and gave, I had a massive realization. I had a job that I loved and was terminated from that job and just devastated. And at one point in time, at that, you know, that point in time I made up my mind that I was never ever going to have a be in a situation where somebody else called a boss had that much power over my life and my lifestyle. Ever since then I have been an entrepreneur. Every business that I have been in, every, every, every, every W2 income stream I've had has been from a company that I've either started or been a partner in and that continues to this day. So what if wealth felt like a vacation? What if it was a vacation? What if you didn't have to worry about what you were doing on a day to day basis and were able to know that your income was going to grow day over day, week over week, month over month without you having to do anything about it. And that's what we're going to talk about here today. Yeah, my, my decision kind of revolved around the fact that back in 2001 I was invited to go on an industry cruise for one of the businesses I was in. I'd never been on a cruise in my life, didn't know anything about it, really never thought about it. But a friend of mine who I respected greatly suggested that I go. I did. I was in the direct selling business at the time. My, my primary income came from oil and gas, ranching and real estate. And my, my direct selling was, was a side hustle. But the more I had the More I did, the more, the more businesses I got invested in, the more complex it got. And it got to the point where I just got tired of juggling the balls and keeping the plates spinning. So I started simplifying my life and realizing that, you know, I was, you know, getting on, I was growing older and older and my wife and I were kind of the victims of the rat race. And so I, I decided that I was going to start taking more time for myself and I was going to build a business that incorporated that lifestyle. So I get, went on my first cruise 24 years ago. It had a, it had an interesting perspective when, when I first started going on cruises, there was no Internet on the ships. There was no email. If you, once you got on that boat, you were isolated, you could make phone calls to the mainland or people could call you, but they were horrifically expensive. That has changed now. That has changed so radically. Nowadays the Internet on the ships is as good as it is on shore. And what I've done is now I've gotten to the point where I can actually run my business wherever I am. I can be, I can be in the Caribbean, I can be, I can be in the Mediterranean and I can still run my business operations just as, just as easily as I can sitting here in my office. And that's what the transformation is all about. Today my business runs seamlessly in the background even while I'm exploring St. Bart's or Barbados. The. You know, a lot of people think investing is hard, A lot of people think business is hard. And it's really not. The bottleneck isn't the market, it's in your mind, space. People, most people very frequently live in overwhelm. The real barrier to action is an opportunity. It's the mental bandwidth and it's the physical bandwidth and misunderstanding that that develops. So what I've done is I have again started building a passive income that can be pretty much run wherever I, wherever I live. And then there's the trust factor. Too many deals, too little confidence in partners. That's one of the things that I have built into, into Unmountain Capital Group. We have specifically designed our business model to provide it for professionals, busy professionals and other, in other professions. These are probably predominantly non real estate professionals who are looking for a way to make income, to increase their net, their, their income, their net worth, their, their balance sheet, but not have to spend a ton of time doing it themselves. And what that does is when we get it, you know, once that is achieved, that's where people Achieve peace. That's what, and that's what high earners really are looking for. But it's awfully hard to find her because most high earners are highly motivated and very ambitious and we wind up in the same situation. So what do you do? We replace guesswork with a vetted quiet investment engine. We've built our engine to be very, very careful about partner selection. We, we have decided to. You know, I used to be an operator. I owned real estate properties. I owned single family rental properties. I owned multi family rental properties real estate development company. And what I decided after, after, after going through all of that, I decided I didn't like operations, I didn't like tenants trash and toilets. And I decided that I was going to find people who did like that and who were good at it. And I figured that once I started locating the best operators in a business, I could rely on them to find the good deals and I could rely on them to operate the, the, the investments in such a manner that I didn't have to worry about it and my investors didn't have to worry about it. That's how the, that's how we work. Passive returns provide you steady income that you get complete clarity on. The second part of my second pillar that I've built my operation on was the fact that I was going to have absolute clarity with my, with my investors, my partners. And I feel that absolute informational clarity. White glove customer service is the only way to go. And I'm gonna, you know, and I feel so strongly about the way I'm building this. I, I invest too. You know, my money goes in right next to our investors. I like to call it wealth without babysittings. You know, we are set up, we call it legacy focused. Your investments align with your long term vision. You know, we built, we built. We, we, we are set up, we are set up to set up investments so that our investors can either build legacy or they can build, they can build for a, for a purpose. This, this purpose might be a, might be a vacation, might be a college fund, it might be retirement. Whatever it is, the investment is designed to be auto pretty much automatic pilot. It's supposed to be, it will be designed, it's designed to be self fulfilling and so that they, the investor either can take money out or they can, they can completely, they can just let the machine build itself as time goes on. Now again, the concierge style that we have experienced, White glove service, we want you to make sure that you don't ever have to worry, you don't ever have to have a, you know, you, you don't ever have to ask your, yourself. I wonder what's going on with that thing. And the, the purpose of our, for our, our business model is that you get all the information. You probably more information than you want. I know I've got a lot of things that going on and sometimes there's a lot more, I get more emails and get more text messages than I really like. But you know, I'd rather be over informed than under informed. I developed this philosophy because I, I'm an investor and I have had numerous times where a, where I invested in a project out, you know, a friend of mine or, or real estate syndicator came to me and said Jim, hey, I've got this great deal. And I said well let's look at it. And they show it to me and I get it vet, you know, and I vet it and I, I run it by my experts and I run it by my, my people and it turns out that yeah, it's a good deal and you know, the numbers are sound, the location is good, the potential is great. And every time I have a question that, that syndicator, that operator is right there. I, you know, all I have to do is send him a text, pick up the phone, whatever, and I get the answers to my questions. That is until the, the check clock clears once he gets my mom my money. I found out that too many times. All I get then is crickets. And if I need to, if I want to find out what's going on, I have to either dig through a bit, through a complicated owner's portal or I have to track them down and ask them the questions, whatever. It's always a pain. And my philosophy is that is not the way to do business and that's the way. So that's my way of doing business is to have, is have my investors not have to worry so they can go on that cruise, they can go on that European vacation and do whatever it is they want to and not worry about the fact that their money is working for them. The more, you know, and again that you know, as far as my investors are concerned, no more investigating, no, I mean no more evaluating one off deals. No more looking and trying to decide if that's a good deal or not. Our, our system is designed to bring great deals to the, to the investor. And the way we do that is we use the best operators for the, for the asset classes we are in. I figure that if the operator that is running the project that's coming, coming up with the project and operating it is one of the best in the business and has been. Has. Has got years and years and years of experience and has had the problems. He's already had the, had the, had the crap hit the fan and has figured out how to solve the problem. Then that's the guy I want to be operating with. So what does peace of mind look like? Our objective is for our investors to participate. To participate across multiple deals. You know, my object, I want to find a few opera. A few investors, a few people that are, you know, that are interested in what we're doing. I want to be, you know, I want to be friends. I want to be. I want to be friends with them. I want to have a. I don't want to just have this relationship like so many people have with Ed Jones or Merrill lynch or one of the big houses. I want to. I want to know enough about my investors and my partners to have to be more like a family. I mean, that's. It doesn't take a lot of investors to make a. Make a good project and make a good fund. And that's what I'm looking for. So loyalty is important to me going both ways. Loyalty for me to my investors. Loyalty for me to my operating partners and, and loyalty from my operating partners to the investors. Yes, you will have access to. You as an investor will have access to a. To the operators of the project. We want to have everybody make sure. Again, Biggest, biggest thing we want to do is make sure everybody's happy and informed. No surprises. You know, we don't want you having any surprises. We want to make sure that you are comfortable at every stage of the game. Sure, there's going to be hiccups every once in a while. I can't promise as a. I can't promises, you know, roses and, you know, and a pinky outlook, pink outlook the whole time. But I can assure you that if one, if something happens, we're going to be there right on top of it to fix it, and our, you know, and our results will be consistent. Again. We look for the best deals. We look for very. We look very carefully. We're not going to gamble with your money. We're not going to gamble with my money. I mean, it's going to be. My money is going to be right in there alongside yours. So make sure that. We're going to make sure that there's no hype. There's just. There's just steady, steady income. So your three steps from clarity Here, join our investor circle. You look at our opportunities. We don't have anything in the program, in the pipeline right now. You know, that's one of the things I have got people banging on my door, hey, raise money for me, hey, got, do you have some investors? Those deals have not passed muster. And I am. That's the last thing I'm going to do is jump into a deal just because the deal is there. So we want to make sure that the deals are great before we even talk to people about investing in them. And build your wealth while you're living, you know, watch your assets grow while focusing on what truly matters to you. Everybody on this call has got a business. Everybody on this call has got something else that they are doing to make money. My purpose is to have to allow them to take that money that they've made, put it aside in a safe, secure, risk mitigated, reasonable return fund so that there they can always, they can consistently grow their wealth over time. Miss that. Let's see. So let's talk about what matters to you now. I'm going to say right up front, I am not a registered financial advisor. I am not a Charles Schwab. I'm not Ed Jones. I'm not a Merrill Lynch. I'm a, I am a entrepreneur. And specifically, I am a real estate entrepreneur. I've been. I've been a real estate entrepreneur for 40. I'm going 30, 40 years now. I've got some, I've got some experience at it. I know what to do, I know what not to do. And I certainly have made the mistakes and know how not to make those mistakes again. So I want to make sure you understand I am not a registered financial advisor. I, I'm not here to tell you how to put money into your 401k or how to put money into your IRA or how to buy life insurance. Those. There are experts out there that do that very, very well. I just pick up, I just look at real estate projects and I bring them to you to invest in. We do do our due diligence. Even though I have formed relationships with some of the best operators in the asset classes we're working on, we still do our due diligence. There's always the hidden flaw. There's an old saying, nature, Nature sides with the hidden flaw. Well, I try to find all those flaws. Our thorough vetting process ensures that only the best opportunities get shown. And then communication, experience, updates on your terms. No noise, just relevant information when you need it. Like I said a minute ago, you may wind up getting more information than you want, but you can always delete an email. It's a whole lot easier to delete information than find information that you, that you don't, that you want but don't have wealth you can trust. We have partners who walk with you. Like I said, I've got some of the best and best partners in the business. We are a partnership. We don't, you know, we're not laying a bunch of pressure on you. We not here to sell you something. We're here to inform you. I mean that's basically, it's an information exchange. Your goals and yes, I will talk to you about your goals and yes, I will learn about what you want to, what you want to achieve. But that's, you know, our job is to help you achieve that. We want enduring relationships. Like I said, I want, I want, I'm looking for a family. We want to have. We want to measure success in decades. We're not here for the quick fix. I have done that. I've been in the quick fix. I've been in looking for the home run. The grand slam. Problem is grand slams are typically pretty risky and I am not here to play, play games, to gamble with your money. I am and, or my, for that fact, I'm going to have, you know, we're going to look for risk, mitigated risk, reasonable return projects that you can depend on. Year after year, week after week, month after month, we guide you with. We have a clear path. You know, it's very easy for us to show you what we're doing and, and how we're doing it and, you know, expanding horizons. Yeah. Your wealth will grow while your stress diminishes. My job, my purpose in life is to provide you with a safe place to put your money that you don't have to worry about. I don't want you to have to pick, you know, like I said, I want you to be able to go on that cruise, go on a European vacation. I want you to, you know, be, be trust in the fact that that money is going to be ready for you when you're ready to use it. So are you ready to build some legacy without stress? You know, get in touch with me. Visit my platforms@jamesblakemore.com is my email address. Iron Mountain Capital Group is our fund website. Book a personal consultation. You know, call me anytime you want. I've got, I've got a, a website you can go to and book a book a get to know me call. It's tacos with jim.com and no, you don't have to have any tacos. You don't have to have any Mexican food. I'd love to meet you, love to have a face to face, one on one consultation with you. Enjoy our circle. Figure out what you, you know, let's figure out what, how we can benefit you and let's figure out how you're, how you, how you can make, you know, how you can make make better with what we've got. I look forward to hearing from you. I thank you very much for taking the time to spend some spend with me. Today. There's a we have we we are having a continuing webinar series. I think it's it's kind of like a podcast except it's a little more informational than a podcast and I've got different people. Next week we're going to have a lady named Katherine Bell. She's going to talk about mobile home parks. I've got several mobile home park people booked. We've got a lot of information so mark your calendars to be to be with us at 1:30pm Central Time every Tuesday. We'd love to have you, would love to provide you with information. There will be a Q A, there'll be a live Q A call same time on Thursday, 1:30pm Central Time. Another webinar would love to have you. If you have any questions about what we're doing, if you have any questions about how, how we can help you or how you can help us or whatever you if you just want to say hi, come on down. I'm Jim Blakemore. I'm with Iron Mountain Capital Group. I look forward to hearing from you soon. Take care and have a great day. Goodbye for now.
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