Tommy Dobczyk only does joint ventures on properties over $1 million, larger than one acre, that return 40% ROI. He splits 10% of profit with partners and compares free ChatGPT to an IQ of 90-110, paid versions to 140-170.
Are you getting deals like this?
Look at property that's over $1 million, over 1 acre, and has the potential to create 40% ROI. Why is that important? Well, because anything under 40%, I can't do a JV. Can you— can you feel comfortable splitting 10% with somebody?
What kind of term are you considering, though, when you're talking?
Any— does anybody here want to make 5% on their money? If anybody wants to make 5% on your money, please let me know. I'll take your money. I'll give you 5% tomorrow. Because the free version again is gonna act like, I don't know if anybody's used this analogy, but on the free version of GPT or the free version of any LLM, you're operating under 100% or operating at under a 100 IQ score. Like the, the LLM has, has about a 90 to 110 IQ score on the free version. LLMs that are paid for typically operate at a 140 to 170. And then anything above, uh, the standard paid version, like the pro version I've heard is considered about 180 IQ score or better. Like you're dealing with Einstein at that point.
So your unpaid version isn't gonna be up to date information as well.
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