How To Never Get Stuck in Real Estate

You get stuck on a project there, a half-built building brings in exactly no money. So how do you survive that? He's like, well, I bought 40 dumpy rentals and then I fixed them up and then I paid them off. He's like, and out of the cash flow of 40 rentals, when something gets stuck on a development project or he was building during COVID and material costs 3x. And so we just took that to our entire model and said, okay, well, if you can't afford the hotel conversion yet, but it's the deal you want to do, do more little deals and stabilize them. And when you have enough cash flow to survive the project, do that project then. Just don't go negative in cash flow. Don't do it. And then you don't lose. Yeah. So are you going to start developing next? No, no, I will not. Cody wants to go. He's going to do a lot of development. I love redeveloping projects. I love doing heavy value-add. If it's a beat-up building, it's just fun for me to get in there and be like, I can see what this thing could be.