{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.199,"endTime":1.579,"body":"Hey,"},{"speaker":"Average Joe Finances","startTime":0.199,"endTime":1.579,"body":"Welcome back to the Average Joe"},{"speaker":"Average Joe Finances","startTime":1.579,"endTime":3.019,"body":"Finances Podcast, everybody."},{"speaker":"Average Joe Finances","startTime":3.019,"endTime":7.649,"body":"I'm your host, Mike Cavaggioni,"},{"speaker":"Average Joe Finances","startTime":3.019,"endTime":7.649,"body":"and today's guest is Flint Jamison."},{"speaker":"Average Joe Finances","startTime":7.669,"endTime":10.37,"body":"So Flint, super excited to"},{"speaker":"Average Joe Finances","startTime":7.669,"endTime":10.37,"body":"have this chat with you today."},{"speaker":"Average Joe Finances","startTime":10.37,"endTime":11.209,"body":"Thanks for joining me."},{"speaker":"Flint Jamison","startTime":11.41,"endTime":11.77,"body":"Yeah."},{"speaker":"Flint Jamison","startTime":11.775,"endTime":12.67,"body":"Thanks for having me."},{"speaker":"Average Joe Finances","startTime":12.97,"endTime":13.78,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":13.78,"endTime":14.98,"body":"So welcome to the show."},{"speaker":"Average Joe Finances","startTime":15.01,"endTime":17.006,"body":"This is the Average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":17.306,"endTime":21.176,"body":"And one of the things that I love to"},{"speaker":"Average Joe Finances","startTime":17.306,"endTime":21.176,"body":"do, the very first question that I"},{"speaker":"Average Joe Finances","startTime":21.176,"endTime":24.356,"body":"ask is we wanna know more about you."},{"speaker":"Average Joe Finances","startTime":24.356,"endTime":26.006,"body":"So we wanna know your story."},{"speaker":"Average Joe Finances","startTime":26.186,"endTime":28.826,"body":"If you wanna go as far into your"},{"speaker":"Average Joe Finances","startTime":26.186,"endTime":28.826,"body":"background as you want or as"},{"speaker":"Average Joe Finances","startTime":28.831,"endTime":32.596,"body":"little as you want, that's fine,"},{"speaker":"Average Joe Finances","startTime":28.831,"endTime":32.596,"body":"but tell us who is Flint Jamison."},{"speaker":"Flint Jamison","startTime":32.846,"endTime":34.226,"body":"Yeah, I'll"},{"speaker":"Flint Jamison","startTime":32.846,"endTime":34.226,"body":"hit it at the high level."},{"speaker":"Flint Jamison","startTime":34.226,"endTime":37.046,"body":"So I'm a mechanical engineer by education."},{"speaker":"Flint Jamison","startTime":37.246,"endTime":40.126,"body":"Went into aerospace, been"},{"speaker":"Flint Jamison","startTime":37.246,"endTime":40.126,"body":"doing that for 20 years."},{"speaker":"Flint Jamison","startTime":40.126,"endTime":41.116,"body":"I'm a program manager."},{"speaker":"Flint Jamison","startTime":41.116,"endTime":44.049,"body":"I have my MBA but I want"},{"speaker":"Flint Jamison","startTime":41.116,"endTime":44.049,"body":"out of the rat race."},{"speaker":"Flint Jamison","startTime":44.049,"endTime":47.289,"body":"So 2018, I started"},{"speaker":"Flint Jamison","startTime":44.049,"endTime":47.289,"body":"investing in real estate."},{"speaker":"Flint Jamison","startTime":47.289,"endTime":48.549,"body":"I did my own duplex."},{"speaker":"Flint Jamison","startTime":48.639,"endTime":49.899,"body":"I burned that property."},{"speaker":"Flint Jamison","startTime":49.904,"endTime":53.793,"body":"And then very quickly moved into"},{"speaker":"Flint Jamison","startTime":49.904,"endTime":53.793,"body":"syndications, started educating"},{"speaker":"Flint Jamison","startTime":53.798,"endTime":55.473,"body":"myself in syndications from there."},{"speaker":"Flint Jamison","startTime":55.953,"endTime":58.283,"body":"And then this year has been pretty big."},{"speaker":"Flint Jamison","startTime":58.483,"endTime":63.823,"body":"Got an apartment, did a fund to"},{"speaker":"Flint Jamison","startTime":58.483,"endTime":63.823,"body":"fund with about 700 units, and then"},{"speaker":"Flint Jamison","startTime":63.919,"endTime":67.339,"body":"now I'm getting into build to rent"},{"speaker":"Flint Jamison","startTime":63.919,"endTime":67.339,"body":"coming up here in October, November."},{"speaker":"Average Joe Finances","startTime":67.639,"endTime":70.349,"body":"That's"},{"speaker":"Average Joe Finances","startTime":67.639,"endTime":70.349,"body":"pretty awesome in just a, four year"},{"speaker":"Average Joe Finances","startTime":70.349,"endTime":72.071,"body":"span, really almost four years."},{"speaker":"Average Joe Finances","startTime":72.084,"endTime":75.49,"body":"So 2018 you got into"},{"speaker":"Average Joe Finances","startTime":72.084,"endTime":75.49,"body":"real estate investing."},{"speaker":"Average Joe Finances","startTime":75.495,"endTime":76.584,"body":"You bird, a duplex."},{"speaker":"Average Joe Finances","startTime":76.619,"endTime":77.369,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":77.549,"endTime":80.612,"body":"My first rental property that I"},{"speaker":"Average Joe Finances","startTime":77.549,"endTime":80.612,"body":"bought when I first got into real"},{"speaker":"Average Joe Finances","startTime":80.612,"endTime":82.712,"body":"estate investing was also a duplex."},{"speaker":"Average Joe Finances","startTime":82.852,"endTime":83.672,"body":"It was pretty funny."},{"speaker":"Average Joe Finances","startTime":83.702,"endTime":85.115,"body":"A lot of people start off that way."},{"speaker":"Average Joe Finances","startTime":85.172,"endTime":87.073,"body":"And then you got into syndications, right?"},{"speaker":"Average Joe Finances","startTime":87.073,"endTime":87.206,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":87.252,"endTime":90.085,"body":"Did the fund to funds, which it's"},{"speaker":"Average Joe Finances","startTime":87.252,"endTime":90.085,"body":"funny because off camera we were"},{"speaker":"Average Joe Finances","startTime":90.085,"endTime":91.494,"body":"just talking about that a little bit."},{"speaker":"Average Joe Finances","startTime":91.517,"endTime":91.787,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":91.787,"endTime":94.077,"body":"And now you're getting"},{"speaker":"Average Joe Finances","startTime":91.787,"endTime":94.077,"body":"ready to do build to rent."},{"speaker":"Average Joe Finances","startTime":94.077,"endTime":97.453,"body":"That's something that's newer that I"},{"speaker":"Average Joe Finances","startTime":94.077,"endTime":97.453,"body":"don't think too many people talk about."},{"speaker":"Average Joe Finances","startTime":97.482,"endTime":99.684,"body":"You hear about it a little"},{"speaker":"Average Joe Finances","startTime":97.482,"endTime":99.684,"body":"bit, that's pretty interesting."},{"speaker":"Average Joe Finances","startTime":99.689,"endTime":102.61,"body":"So actually, if you don't mind, I'd"},{"speaker":"Average Joe Finances","startTime":99.689,"endTime":102.61,"body":"like to take this down that road."},{"speaker":"Flint Jamison","startTime":102.636,"endTime":103.726,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":103.826,"endTime":105.626,"body":"I've had"},{"speaker":"Average Joe Finances","startTime":103.826,"endTime":105.626,"body":"plenty of syndicators on the show."},{"speaker":"Average Joe Finances","startTime":105.686,"endTime":107.096,"body":"We talk about that all the time."},{"speaker":"Average Joe Finances","startTime":107.14,"endTime":110.2,"body":"I think I've had one other person"},{"speaker":"Average Joe Finances","startTime":107.14,"endTime":110.2,"body":"slightly talk about building to rent"},{"speaker":"Average Joe Finances","startTime":110.255,"endTime":112.717,"body":"but we didn't really get too deep"},{"speaker":"Average Joe Finances","startTime":110.255,"endTime":112.717,"body":"into that, so I think this would be a"},{"speaker":"Average Joe Finances","startTime":112.722,"endTime":114.477,"body":"really really good topic to talk about."},{"speaker":"Average Joe Finances","startTime":114.493,"endTime":116.607,"body":"If you could just right off the"},{"speaker":"Average Joe Finances","startTime":114.493,"endTime":116.607,"body":"bat, what is building to rent?"},{"speaker":"Flint Jamison","startTime":116.607,"endTime":116.937,"body":"Yeah."},{"speaker":"Flint Jamison","startTime":117.137,"endTime":122.357,"body":"So Build to Rent, it's simply put,"},{"speaker":"Flint Jamison","startTime":117.137,"endTime":122.357,"body":"we're building a community of homes."},{"speaker":"Flint Jamison","startTime":122.777,"endTime":124.847,"body":"It's like we're building a"},{"speaker":"Flint Jamison","startTime":122.777,"endTime":124.847,"body":"housing development, but the"},{"speaker":"Flint Jamison","startTime":124.847,"endTime":126.809,"body":"goal is to rent these houses."},{"speaker":"Flint Jamison","startTime":127.289,"endTime":131.819,"body":"So taking it one step further is"},{"speaker":"Flint Jamison","startTime":127.289,"endTime":131.819,"body":"because the goal is to rent the houses,"},{"speaker":"Flint Jamison","startTime":131.909,"endTime":135.719,"body":"we will put amenities in just like"},{"speaker":"Flint Jamison","startTime":131.909,"endTime":135.719,"body":"your class A apartment, buildings."},{"speaker":"Flint Jamison","startTime":135.724,"endTime":138.689,"body":"We'll have your clubhouse, we'll have"},{"speaker":"Flint Jamison","startTime":135.724,"endTime":138.689,"body":"property management, we'll have onsite"},{"speaker":"Flint Jamison","startTime":138.749,"endTime":141.562,"body":"maintenance dog round, whatever it may be."},{"speaker":"Flint Jamison","startTime":141.762,"endTime":145.322,"body":"And then on top of that,"},{"speaker":"Flint Jamison","startTime":141.762,"endTime":145.322,"body":"these houses are starter home."},{"speaker":"Flint Jamison","startTime":145.522,"endTime":148.492,"body":"Because the US is seriously"},{"speaker":"Flint Jamison","startTime":145.522,"endTime":148.492,"body":"lacking in starter homes."},{"speaker":"Flint Jamison","startTime":148.492,"endTime":151.1,"body":"So we'll do a 1,000 to"},{"speaker":"Flint Jamison","startTime":148.492,"endTime":151.1,"body":"1,500 square foot homes."},{"speaker":"Flint Jamison","startTime":151.13,"endTime":154.03,"body":"There'll be two by twos, three by twos."},{"speaker":"Flint Jamison","startTime":154.23,"endTime":158.428,"body":"Yeah, just a nice little community for"},{"speaker":"Flint Jamison","startTime":154.23,"endTime":158.428,"body":"people to bridge that gap from apartments"},{"speaker":"Flint Jamison","startTime":158.428,"endTime":162.515,"body":"to houses, because the affordability"},{"speaker":"Flint Jamison","startTime":158.428,"endTime":162.515,"body":"these days, people can't afford to get in."},{"speaker":"Average Joe Finances","startTime":162.661,"endTime":162.901,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":162.901,"endTime":163.444,"body":"That's great."},{"speaker":"Average Joe Finances","startTime":163.444,"endTime":163.594,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":163.594,"endTime":167.397,"body":"So small families starting off that,"},{"speaker":"Average Joe Finances","startTime":163.594,"endTime":167.397,"body":"or the two people that met each other"},{"speaker":"Average Joe Finances","startTime":167.397,"endTime":169.857,"body":"that were living in an apartment,"},{"speaker":"Average Joe Finances","startTime":167.397,"endTime":169.857,"body":"they wanna start a family like,"},{"speaker":"Average Joe Finances","startTime":169.862,"endTime":171.357,"body":"Hey, we wanna get that starter home."},{"speaker":"Average Joe Finances","startTime":171.428,"endTime":173.918,"body":"There's not really much out there to"},{"speaker":"Average Joe Finances","startTime":171.428,"endTime":173.918,"body":"choose from, especially if you want"},{"speaker":"Average Joe Finances","startTime":173.918,"endTime":177.488,"body":"to go at it from a renting standpoint,"},{"speaker":"Average Joe Finances","startTime":173.918,"endTime":177.488,"body":"if you're not ready to buy a home yet."},{"speaker":"Average Joe Finances","startTime":177.516,"endTime":181.19,"body":"So having something like this ready and"},{"speaker":"Average Joe Finances","startTime":177.516,"endTime":181.19,"body":"available, that's that's pretty good."},{"speaker":"Average Joe Finances","startTime":181.211,"endTime":183.223,"body":"You're building entire communities, right?"},{"speaker":"Average Joe Finances","startTime":183.223,"endTime":186.061,"body":"So you said you're gonna have"},{"speaker":"Average Joe Finances","startTime":183.223,"endTime":186.061,"body":"the the clubhouse and everything,"},{"speaker":"Average Joe Finances","startTime":186.061,"endTime":187.921,"body":"any type of dog runs or parks."},{"speaker":"Average Joe Finances","startTime":188.028,"endTime":193.7,"body":"So what does this compare I guess"},{"speaker":"Average Joe Finances","startTime":188.028,"endTime":193.7,"body":"maybe cost wise doing it this"},{"speaker":"Average Joe Finances","startTime":193.7,"endTime":196.76,"body":"way versus just building like"},{"speaker":"Average Joe Finances","startTime":193.7,"endTime":196.76,"body":"another Class A apartment complex?"},{"speaker":"Flint Jamison","startTime":196.96,"endTime":200.152,"body":"Cost wise"},{"speaker":"Flint Jamison","startTime":196.96,"endTime":200.152,"body":"it's less to buy homes."},{"speaker":"Flint Jamison","startTime":200.352,"endTime":203.592,"body":"Building a big apartment complex, you're"},{"speaker":"Flint Jamison","startTime":200.352,"endTime":203.592,"body":"building a big commercial building."},{"speaker":"Flint Jamison","startTime":203.792,"endTime":207.912,"body":"The other thing I really like about"},{"speaker":"Flint Jamison","startTime":203.792,"endTime":207.912,"body":"it is we can build, say 10 homes at"},{"speaker":"Flint Jamison","startTime":207.912,"endTime":211.495,"body":"once and as soon as those 10 homes"},{"speaker":"Flint Jamison","startTime":207.912,"endTime":211.495,"body":"are done, we can occupy them while"},{"speaker":"Flint Jamison","startTime":211.495,"endTime":212.995,"body":"we're building the next set of 10."},{"speaker":"Flint Jamison","startTime":213.195,"endTime":216.165,"body":"From an investment standpoint, we"},{"speaker":"Flint Jamison","startTime":213.195,"endTime":216.165,"body":"can start cashing much sooner than"},{"speaker":"Flint Jamison","startTime":216.165,"endTime":218.535,"body":"an apartment building where it has"},{"speaker":"Flint Jamison","startTime":216.165,"endTime":218.535,"body":"to be a hundred percent complete"},{"speaker":"Flint Jamison","startTime":218.535,"endTime":219.885,"body":"before you can even occupy it."},{"speaker":"Flint Jamison","startTime":219.885,"endTime":223.455,"body":"So you may be set back two years"},{"speaker":"Flint Jamison","startTime":219.885,"endTime":223.455,"body":"on a big apartment building."},{"speaker":"Flint Jamison","startTime":223.655,"endTime":226.865,"body":"Yet we have to put in all the"},{"speaker":"Flint Jamison","startTime":223.655,"endTime":226.865,"body":"roads, utilities, to everything."},{"speaker":"Flint Jamison","startTime":227.065,"endTime":230.129,"body":"That's probably a little bit more complex"},{"speaker":"Flint Jamison","startTime":227.065,"endTime":230.129,"body":"than maybe in an apartment building."},{"speaker":"Flint Jamison","startTime":230.329,"endTime":233.95,"body":"But from a structure standpoint,"},{"speaker":"Flint Jamison","startTime":230.329,"endTime":233.95,"body":"these little cookie cutter"},{"speaker":"Flint Jamison","startTime":233.95,"endTime":235.36,"body":"homes are much cheaper."},{"speaker":"Average Joe Finances","startTime":235.56,"endTime":235.77,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":235.77,"endTime":239.502,"body":"So when you especially since you have"},{"speaker":"Average Joe Finances","startTime":235.77,"endTime":239.502,"body":"to build like the roads, install all"},{"speaker":"Average Joe Finances","startTime":239.502,"endTime":244.362,"body":"the utility systems and everything,"},{"speaker":"Average Joe Finances","startTime":239.502,"endTime":244.362,"body":"does, do you add that in as a"},{"speaker":"Average Joe Finances","startTime":244.362,"endTime":247.272,"body":"cost, like in the rent, as like an"},{"speaker":"Average Joe Finances","startTime":244.362,"endTime":247.272,"body":"assessment or something like that?"},{"speaker":"Average Joe Finances","startTime":247.272,"endTime":249.402,"body":"Like over a period of time"},{"speaker":"Average Joe Finances","startTime":247.272,"endTime":249.402,"body":"that before it gets paid."},{"speaker":"Average Joe Finances","startTime":249.602,"endTime":251.582,"body":"And then you know it's not"},{"speaker":"Average Joe Finances","startTime":249.602,"endTime":251.582,"body":"getting charged anymore."},{"speaker":"Average Joe Finances","startTime":251.582,"endTime":252.422,"body":"Like how does that work?"},{"speaker":"Flint Jamison","startTime":252.622,"endTime":254.752,"body":"I guess I"},{"speaker":"Flint Jamison","startTime":252.622,"endTime":254.752,"body":"don't understand the question."},{"speaker":"Flint Jamison","startTime":254.872,"endTime":255.922,"body":"Maybe let repeat that."},{"speaker":"Average Joe Finances","startTime":256.089,"endTime":258.656,"body":"For a lot of"},{"speaker":"Average Joe Finances","startTime":256.089,"endTime":258.656,"body":"developments or if there's a lot of like"},{"speaker":"Average Joe Finances","startTime":258.656,"endTime":262.304,"body":"big work that needs to be done just on"},{"speaker":"Average Joe Finances","startTime":258.656,"endTime":262.304,"body":"the real estate side, as a real estate"},{"speaker":"Average Joe Finances","startTime":262.304,"endTime":266.157,"body":"agent you'll see like an assessment"},{"speaker":"Average Joe Finances","startTime":262.304,"endTime":266.157,"body":"come out because several repairs had to"},{"speaker":"Average Joe Finances","startTime":266.157,"endTime":271.107,"body":"happen to a street or to a community,"},{"speaker":"Average Joe Finances","startTime":266.157,"endTime":271.107,"body":"and basically the assessment goes out to"},{"speaker":"Average Joe Finances","startTime":271.107,"endTime":274.137,"body":"all the people that live there and then"},{"speaker":"Average Joe Finances","startTime":271.107,"endTime":274.137,"body":"they wind up having to foot that bill."},{"speaker":"Flint Jamison","startTime":274.237,"endTime":274.537,"body":"Yep."},{"speaker":"Flint Jamison","startTime":274.627,"endTime":274.867,"body":"Okay."},{"speaker":"Flint Jamison","startTime":274.867,"endTime":275.437,"body":"I'm with you."},{"speaker":"Flint Jamison","startTime":275.777,"endTime":277.08,"body":"There's the whole entitlement phase."},{"speaker":"Flint Jamison","startTime":277.08,"endTime":278.94,"body":"Maybe we got to back this"},{"speaker":"Flint Jamison","startTime":277.08,"endTime":278.94,"body":"up a little bit more."},{"speaker":"Flint Jamison","startTime":278.975,"endTime":280.597,"body":"And hopefully I answer your question."},{"speaker":"Flint Jamison","startTime":280.987,"endTime":284.767,"body":"So we buy raw land, we may"},{"speaker":"Flint Jamison","startTime":280.987,"endTime":284.767,"body":"have to rezone it, we may not."},{"speaker":"Flint Jamison","startTime":284.967,"endTime":288.332,"body":"From there it's all the entitlements we"},{"speaker":"Flint Jamison","startTime":284.967,"endTime":288.332,"body":"have to get the engineering approval."},{"speaker":"Flint Jamison","startTime":288.532,"endTime":292.481,"body":"We have to get environmentals a whole"},{"speaker":"Flint Jamison","startTime":288.532,"endTime":292.481,"body":"list of things that have to get done."},{"speaker":"Flint Jamison","startTime":292.571,"endTime":294.221,"body":"And yes, there may be costs there."},{"speaker":"Flint Jamison","startTime":294.421,"endTime":297.481,"body":"One of the things we're"},{"speaker":"Flint Jamison","startTime":294.421,"endTime":297.481,"body":"doing for our build to rinse."},{"speaker":"Flint Jamison","startTime":297.681,"endTime":300.751,"body":"The partnership I'm working with is"},{"speaker":"Flint Jamison","startTime":297.681,"endTime":300.751,"body":"buying the land and paying for all the"},{"speaker":"Flint Jamison","startTime":300.751,"endTime":302.701,"body":"entitlements before we bring investors in."},{"speaker":"Flint Jamison","startTime":303.151,"endTime":304.891,"body":"So all of that stuff is resolved."},{"speaker":"Flint Jamison","startTime":304.891,"endTime":307.334,"body":"Yes, you may have to go"},{"speaker":"Flint Jamison","startTime":304.891,"endTime":307.334,"body":"to council, get votes."},{"speaker":"Flint Jamison","startTime":307.386,"endTime":310.776,"body":"There is the, not in my"},{"speaker":"Flint Jamison","startTime":307.386,"endTime":310.776,"body":"backyard communities that'll"},{"speaker":"Flint Jamison","startTime":310.836,"endTime":312.186,"body":"vote things down, right?"},{"speaker":"Flint Jamison","startTime":312.386,"endTime":315.656,"body":"So one of the things to, to buy"},{"speaker":"Flint Jamison","startTime":312.386,"endTime":315.656,"body":"down on all that risk up front."},{"speaker":"Flint Jamison","startTime":315.856,"endTime":318.796,"body":"The partners are funding that whole bit."},{"speaker":"Flint Jamison","startTime":318.996,"endTime":323.136,"body":"Once we're ready to cut dirt, we call"},{"speaker":"Flint Jamison","startTime":318.996,"endTime":323.136,"body":"it the horizontal bill, where we're"},{"speaker":"Flint Jamison","startTime":323.141,"endTime":326.166,"body":"putting in the roads and utilities,"},{"speaker":"Flint Jamison","startTime":323.141,"endTime":326.166,"body":"that's when we get investors in"},{"speaker":"Flint Jamison","startTime":326.166,"endTime":328.686,"body":"because all of the engineering and"},{"speaker":"Flint Jamison","startTime":326.166,"endTime":328.686,"body":"everything else has been approved."},{"speaker":"Flint Jamison","startTime":328.956,"endTime":329.976,"body":"Does that answer the question?"},{"speaker":"Average Joe Finances","startTime":330.288,"endTime":330.433,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":330.433,"endTime":330.673,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":330.685,"endTime":333.611,"body":"So basically you guys are gonna foot"},{"speaker":"Average Joe Finances","startTime":330.685,"endTime":333.611,"body":"the bill right up front and it's not,"},{"speaker":"Average Joe Finances","startTime":333.611,"endTime":335.801,"body":"so that's gonna be a, an over time cost."},{"speaker":"Average Joe Finances","startTime":336.001,"endTime":336.421,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":336.506,"endTime":337.466,"body":"On now."},{"speaker":"Average Joe Finances","startTime":337.556,"endTime":337.886,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":337.916,"endTime":339.559,"body":"So what does this process look like?"},{"speaker":"Average Joe Finances","startTime":339.559,"endTime":342.139,"body":"Cause you said that this is"},{"speaker":"Average Joe Finances","startTime":339.559,"endTime":342.139,"body":"gonna be faster than right."},{"speaker":"Average Joe Finances","startTime":342.139,"endTime":346.23,"body":"If you were to stand up a brand"},{"speaker":"Average Joe Finances","startTime":342.139,"endTime":346.23,"body":"new apartment building, as you're"},{"speaker":"Average Joe Finances","startTime":346.23,"endTime":349.08,"body":"building these homes, you could"},{"speaker":"Average Joe Finances","startTime":346.23,"endTime":349.08,"body":"start putting tenants in right away."},{"speaker":"Average Joe Finances","startTime":349.109,"endTime":349.859,"body":"So are you, yeah."},{"speaker":"Average Joe Finances","startTime":349.889,"endTime":353.531,"body":"Is your focus like, okay, we're gonna"},{"speaker":"Average Joe Finances","startTime":349.889,"endTime":353.531,"body":"get this block finished first before"},{"speaker":"Average Joe Finances","startTime":353.531,"endTime":354.851,"body":"we start working on the next one?"},{"speaker":"Average Joe Finances","startTime":354.851,"endTime":357.392,"body":"Or like, how does that look as"},{"speaker":"Average Joe Finances","startTime":354.851,"endTime":357.392,"body":"you're building, are you trying"},{"speaker":"Average Joe Finances","startTime":357.392,"endTime":358.652,"body":"to do everything all at once?"},{"speaker":"Flint Jamison","startTime":358.852,"endTime":359.802,"body":"We're gonna do."},{"speaker":"Flint Jamison","startTime":360.002,"endTime":363.112,"body":"I guess it's no different"},{"speaker":"Flint Jamison","startTime":360.002,"endTime":363.112,"body":"than like Richmond Homes"},{"speaker":"Flint Jamison","startTime":363.112,"endTime":364.445,"body":"building a housing community."},{"speaker":"Flint Jamison","startTime":364.445,"endTime":368.615,"body":"They just, they start on a block of homes"},{"speaker":"Flint Jamison","startTime":364.445,"endTime":368.615,"body":"and go, and that's legitimately who we"},{"speaker":"Flint Jamison","startTime":368.615,"endTime":370.163,"body":"are partnered with as a housing builder."},{"speaker":"Flint Jamison","startTime":370.163,"endTime":372.697,"body":"So they choose their most efficient"},{"speaker":"Flint Jamison","startTime":370.163,"endTime":372.697,"body":"path to build these homes."},{"speaker":"Flint Jamison","startTime":372.897,"endTime":376.352,"body":"So once the roads are in, then"},{"speaker":"Flint Jamison","startTime":372.897,"endTime":376.352,"body":"we start popping houses up."},{"speaker":"Average Joe Finances","startTime":376.552,"endTime":376.822,"body":"All right."},{"speaker":"Average Joe Finances","startTime":376.822,"endTime":377.362,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":377.362,"endTime":379.788,"body":"Yeah I just I'm curious"},{"speaker":"Average Joe Finances","startTime":377.362,"endTime":379.788,"body":"because like you know."},{"speaker":"Average Joe Finances","startTime":379.948,"endTime":383.164,"body":"A lot of people when they're gonna"},{"speaker":"Average Joe Finances","startTime":379.948,"endTime":383.164,"body":"invest their money into something like"},{"speaker":"Average Joe Finances","startTime":383.164,"endTime":386.896,"body":"this and, it takes time right before"},{"speaker":"Average Joe Finances","startTime":383.164,"endTime":386.896,"body":"they're gonna start seeing a return."},{"speaker":"Flint Jamison","startTime":386.896,"endTime":387.166,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":387.166,"endTime":390.706,"body":"So this is a little"},{"speaker":"Average Joe Finances","startTime":387.166,"endTime":390.706,"body":"bit different than going into like your"},{"speaker":"Average Joe Finances","startTime":390.706,"endTime":393.912,"body":"standard value add syndication .Yeah."},{"speaker":"Average Joe Finances","startTime":393.912,"endTime":396.962,"body":"And I'm just trying to like really"},{"speaker":"Average Joe Finances","startTime":393.912,"endTime":396.962,"body":"get that out there so people that are"},{"speaker":"Average Joe Finances","startTime":396.962,"endTime":400.231,"body":"listening right now aren't thinking what"},{"speaker":"Average Joe Finances","startTime":396.962,"endTime":400.231,"body":"happens when I put my money into this"},{"speaker":"Average Joe Finances","startTime":400.231,"endTime":401.611,"body":"and when can I expect anything back?"},{"speaker":"Flint Jamison","startTime":401.639,"endTime":402.989,"body":"Lets play a timeline."},{"speaker":"Flint Jamison","startTime":403.107,"endTime":408.047,"body":"Right now, these numbers are still"},{"speaker":"Flint Jamison","startTime":403.107,"endTime":408.047,"body":"tentative, but for 158 homes we're looking"},{"speaker":"Flint Jamison","startTime":408.047,"endTime":412.71,"body":"to put in we'll do, we'll cut the dirt in"},{"speaker":"Flint Jamison","startTime":408.047,"endTime":412.71,"body":"say, November of this year, November 22."},{"speaker":"Flint Jamison","startTime":413.19,"endTime":415.92,"body":"In March or April next year, we're"},{"speaker":"Flint Jamison","startTime":413.19,"endTime":415.92,"body":"planning on doing the vertical build,"},{"speaker":"Flint Jamison","startTime":415.92,"endTime":421.65,"body":"which is the houses, and we should"},{"speaker":"Flint Jamison","startTime":415.92,"endTime":421.65,"body":"have 158 homes built within 24 months."},{"speaker":"Flint Jamison","startTime":422.13,"endTime":424.67,"body":"So you can, I'm just"},{"speaker":"Flint Jamison","startTime":422.13,"endTime":424.67,"body":"gonna throw out a number."},{"speaker":"Flint Jamison","startTime":424.67,"endTime":425.42,"body":"Let's say it takes."},{"speaker":"Flint Jamison","startTime":425.62,"endTime":427.78,"body":"Four to six months to get"},{"speaker":"Flint Jamison","startTime":425.62,"endTime":427.78,"body":"that first block of houses."},{"speaker":"Flint Jamison","startTime":428.11,"endTime":431.47,"body":"That next block of houses, we plan"},{"speaker":"Flint Jamison","startTime":428.11,"endTime":431.47,"body":"on doing almost 10 houses a month."},{"speaker":"Flint Jamison","startTime":431.71,"endTime":434.11,"body":"So there is, it's almost"},{"speaker":"Flint Jamison","startTime":431.71,"endTime":434.11,"body":"like an assembly line."},{"speaker":"Flint Jamison","startTime":434.59,"endTime":439.218,"body":"We may even speed things up by going"},{"speaker":"Flint Jamison","startTime":434.59,"endTime":439.218,"body":"prefab where you get these pre kits that"},{"speaker":"Flint Jamison","startTime":439.308,"endTime":442.968,"body":"you assemble and they pop up in one to"},{"speaker":"Flint Jamison","startTime":439.308,"endTime":442.968,"body":"two days and then you put the guts in."},{"speaker":"Flint Jamison","startTime":443.189,"endTime":444.539,"body":"These things can go up pretty quick."},{"speaker":"Flint Jamison","startTime":444.539,"endTime":445.364,"body":"They are very small."},{"speaker":"Flint Jamison","startTime":445.388,"endTime":448.143,"body":"A 1,000, 1,500 square foot homes"},{"speaker":"Flint Jamison","startTime":445.388,"endTime":448.143,"body":"can be, get popped up quick."},{"speaker":"Flint Jamison","startTime":448.143,"endTime":453.222,"body":"So we think we will be stabilized"},{"speaker":"Flint Jamison","startTime":448.143,"endTime":453.222,"body":"within 24 months or 24 to 36"},{"speaker":"Flint Jamison","startTime":453.227,"endTime":454.999,"body":"months, occupied and paying rent."},{"speaker":"Average Joe Finances","startTime":455.199,"endTime":455.889,"body":"No, that's great."},{"speaker":"Average Joe Finances","startTime":455.889,"endTime":458.619,"body":"That's, and that's really fast"},{"speaker":"Average Joe Finances","startTime":455.889,"endTime":458.619,"body":"when you think about it, like"},{"speaker":"Average Joe Finances","startTime":458.619,"endTime":460.659,"body":"putting up, you said 158 homes."},{"speaker":"Average Joe Finances","startTime":460.699,"endTime":462.694,"body":"That's super fast, so you guys"},{"speaker":"Average Joe Finances","startTime":460.699,"endTime":462.694,"body":"definitely have a good plan"},{"speaker":"Average Joe Finances","startTime":462.694,"endTime":464.093,"body":"to to make that go through."},{"speaker":"Average Joe Finances","startTime":464.137,"endTime":464.857,"body":"And pretty fab."},{"speaker":"Average Joe Finances","startTime":464.857,"endTime":467.537,"body":"Yeah, that's definitely gonna speed"},{"speaker":"Average Joe Finances","startTime":464.857,"endTime":467.537,"body":"things up if you guys go that route."},{"speaker":"Average Joe Finances","startTime":467.537,"endTime":470.419,"body":"I've been finding it fascinating"},{"speaker":"Average Joe Finances","startTime":467.537,"endTime":470.419,"body":"seeing some of these newer homes,"},{"speaker":"Average Joe Finances","startTime":470.419,"endTime":473.827,"body":"like the tiny homes that come"},{"speaker":"Average Joe Finances","startTime":470.419,"endTime":473.827,"body":"that are just like, ready to go."},{"speaker":"Average Joe Finances","startTime":473.827,"endTime":477.31,"body":"You just unfold them, bolt them together,"},{"speaker":"Average Joe Finances","startTime":473.827,"endTime":477.31,"body":"and it's boom, everything's ready."},{"speaker":"Average Joe Finances","startTime":477.338,"endTime":477.816,"body":"It's crazy."},{"speaker":"Average Joe Finances","startTime":477.816,"endTime":480.006,"body":"I even Elon Musk Cliff's"},{"speaker":"Average Joe Finances","startTime":477.816,"endTime":480.006,"body":"in one of those right now."},{"speaker":"Flint Jamison","startTime":480.096,"endTime":480.316,"body":"Yep."},{"speaker":"Flint Jamison","startTime":480.386,"endTime":482.306,"body":"You know what I really"},{"speaker":"Flint Jamison","startTime":480.386,"endTime":482.306,"body":"like is the printed home."},{"speaker":"Flint Jamison","startTime":482.806,"endTime":483.463,"body":"With printers."},{"speaker":"Average Joe Finances","startTime":483.534,"endTime":483.734,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":483.934,"endTime":485.254,"body":"Have you looked at that as an option?"},{"speaker":"Flint Jamison","startTime":485.696,"endTime":487.378,"body":"We're geeking"},{"speaker":"Flint Jamison","startTime":485.696,"endTime":487.378,"body":"out about it right now and we"},{"speaker":"Flint Jamison","startTime":487.378,"endTime":489.148,"body":"know some people that do it."},{"speaker":"Flint Jamison","startTime":489.222,"endTime":490.932,"body":"I have a lot of questions around it."},{"speaker":"Flint Jamison","startTime":490.932,"endTime":492.522,"body":"I don't think our builders"},{"speaker":"Flint Jamison","startTime":490.932,"endTime":492.522,"body":"ready to go there."},{"speaker":"Flint Jamison","startTime":492.522,"endTime":495.492,"body":"I think our builder right now,"},{"speaker":"Flint Jamison","startTime":492.522,"endTime":495.492,"body":"his first step is going from just"},{"speaker":"Flint Jamison","startTime":495.492,"endTime":497.342,"body":"stick build to looking at prefab."},{"speaker":"Flint Jamison","startTime":497.822,"endTime":501.512,"body":"Now the interesting part there,"},{"speaker":"Flint Jamison","startTime":497.822,"endTime":501.512,"body":"prefab homes aren't cheaper than"},{"speaker":"Flint Jamison","startTime":501.602,"endTime":504.252,"body":"stick build, but when time is money."},{"speaker":"Flint Jamison","startTime":504.349,"endTime":506.809,"body":"At the end of the day, it may be"},{"speaker":"Flint Jamison","startTime":504.349,"endTime":506.809,"body":"cheaper because you're not paying"},{"speaker":"Flint Jamison","startTime":506.809,"endTime":508.309,"body":"for all that labor for months."},{"speaker":"Flint Jamison","startTime":508.309,"endTime":509.269,"body":"It just pops up."},{"speaker":"Average Joe Finances","startTime":509.469,"endTime":509.799,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":509.799,"endTime":512.882,"body":"So the cost of materials"},{"speaker":"Average Joe Finances","startTime":509.799,"endTime":512.882,"body":"is the same, right?"},{"speaker":"Average Joe Finances","startTime":512.882,"endTime":516.152,"body":"So it's still the same amount"},{"speaker":"Average Joe Finances","startTime":512.882,"endTime":516.152,"body":"to buy everything that you need"},{"speaker":"Average Joe Finances","startTime":516.152,"endTime":517.682,"body":"to put that house together."},{"speaker":"Average Joe Finances","startTime":517.687,"endTime":519.721,"body":"It's just the labor's gonna be less."},{"speaker":"Average Joe Finances","startTime":519.744,"endTime":521.364,"body":"And then also the time period too."},{"speaker":"Average Joe Finances","startTime":521.364,"endTime":524.237,"body":"Like the sooner you can get somebody in"},{"speaker":"Average Joe Finances","startTime":521.364,"endTime":524.237,"body":"there renting, the sooner it starts cash"},{"speaker":"Average Joe Finances","startTime":524.237,"endTime":527.717,"body":"flowing and cutting away some of these"},{"speaker":"Average Joe Finances","startTime":524.237,"endTime":527.717,"body":"costs that you guys are accruing while"},{"speaker":"Average Joe Finances","startTime":527.717,"endTime":530.027,"body":"waiting to finish up the development."},{"speaker":"Average Joe Finances","startTime":530.027,"endTime":530.76,"body":"No, that's a great point."},{"speaker":"Average Joe Finances","startTime":530.76,"endTime":532.814,"body":"Now what about like the"},{"speaker":"Average Joe Finances","startTime":530.76,"endTime":532.814,"body":"cost effectiveness of."},{"speaker":"Average Joe Finances","startTime":533.014,"endTime":536.013,"body":"I guess you said you were geeking out"},{"speaker":"Average Joe Finances","startTime":533.014,"endTime":536.013,"body":"about it, so what's kinda like the cost"},{"speaker":"Average Joe Finances","startTime":536.018,"endTime":538.253,"body":"effectiveness of a 3D printed home?"},{"speaker":"Average Joe Finances","startTime":538.253,"endTime":542.673,"body":"Because is that, is it price here"},{"speaker":"Average Joe Finances","startTime":538.253,"endTime":542.673,"body":"or is it more cost effective cause"},{"speaker":"Average Joe Finances","startTime":542.673,"endTime":544.388,"body":"you're looking at strictly concrete?"},{"speaker":"Average Joe Finances","startTime":544.658,"endTime":546.008,"body":"Like what is that looking like?"},{"speaker":"Flint Jamison","startTime":546.428,"endTime":548.218,"body":"I have"},{"speaker":"Flint Jamison","startTime":546.428,"endTime":548.218,"body":"no idea, to be honest."},{"speaker":"Flint Jamison","startTime":548.218,"endTime":550.042,"body":"We haven't been down that road enough."},{"speaker":"Flint Jamison","startTime":550.372,"endTime":554.582,"body":"What I do know is when my partner"},{"speaker":"Flint Jamison","startTime":550.372,"endTime":554.582,"body":"said that the cost of concrete, so I'm"},{"speaker":"Flint Jamison","startTime":554.582,"endTime":558.812,"body":"not in, in the day to day on cost of"},{"speaker":"Flint Jamison","startTime":554.582,"endTime":558.812,"body":"materials, but he said costly concrete."},{"speaker":"Flint Jamison","startTime":559.012,"endTime":562.502,"body":"It would be more expensive than"},{"speaker":"Flint Jamison","startTime":559.012,"endTime":562.502,"body":"the stick build, but you get a"},{"speaker":"Flint Jamison","startTime":562.502,"endTime":564.242,"body":"very robust home when you're done."},{"speaker":"Flint Jamison","startTime":564.672,"endTime":566.586,"body":"It's built out of grided concrete."},{"speaker":"Average Joe Finances","startTime":566.926,"endTime":569.519,"body":"Build those"},{"speaker":"Average Joe Finances","startTime":566.926,"endTime":569.519,"body":"things in a tornado valley and, you've"},{"speaker":"Average Joe Finances","startTime":569.519,"endTime":571.812,"body":"got the set in stone, so to say."},{"speaker":"Flint Jamison","startTime":571.858,"endTime":572.008,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":572.068,"endTime":572.968,"body":"They ain't going nowhere,"},{"speaker":"Average Joe Finances","startTime":573.168,"endTime":576.648,"body":"."},{"speaker":"Average Joe Finances","startTime":573.168,"endTime":576.648,"body":"Flint Jamison: And they may be really"},{"speaker":"Average Joe Finances","startTime":576.798,"endTime":578.508,"body":"I get to the limits of what I know."},{"speaker":"Average Joe Finances","startTime":578.658,"endTime":579.078,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":579.108,"endTime":579.828,"body":"Yeah, that's fair."},{"speaker":"Average Joe Finances","startTime":579.858,"endTime":580.398,"body":"That's fair."},{"speaker":"Average Joe Finances","startTime":580.758,"endTime":584.841,"body":"All right, so let's talk about"},{"speaker":"Average Joe Finances","startTime":580.758,"endTime":584.841,"body":"like your pathway to get to"},{"speaker":"Average Joe Finances","startTime":584.841,"endTime":586.071,"body":"where you're at right now."},{"speaker":"Average Joe Finances","startTime":586.119,"endTime":589.239,"body":"So you started off with the"},{"speaker":"Average Joe Finances","startTime":586.119,"endTime":589.239,"body":"duplex, you got into syndications."},{"speaker":"Average Joe Finances","startTime":589.239,"endTime":593.199,"body":"Now did you start off doing"},{"speaker":"Average Joe Finances","startTime":589.239,"endTime":593.199,"body":"like value add syndications?"},{"speaker":"Average Joe Finances","startTime":593.229,"endTime":595.709,"body":"Like what you typically"},{"speaker":"Average Joe Finances","startTime":593.229,"endTime":595.709,"body":"see buying a kind of."},{"speaker":"Average Joe Finances","startTime":595.909,"endTime":600.36,"body":"Not really beat down, but a, apartment"},{"speaker":"Average Joe Finances","startTime":595.909,"endTime":600.36,"body":"complex that needs some love and getting"},{"speaker":"Average Joe Finances","startTime":600.36,"endTime":602.643,"body":"it built up and starting off that way."},{"speaker":"Average Joe Finances","startTime":602.667,"endTime":606.2,"body":"Now if you went, went down that"},{"speaker":"Average Joe Finances","startTime":602.667,"endTime":606.2,"body":"path, what made you decide to go"},{"speaker":"Average Joe Finances","startTime":606.2,"endTime":608.983,"body":"into the development side right now?"},{"speaker":"Average Joe Finances","startTime":608.988,"endTime":610.273,"body":"Like with what you're doing right now?"},{"speaker":"Average Joe Finances","startTime":610.273,"endTime":613.125,"body":"What kind of made that switch"},{"speaker":"Average Joe Finances","startTime":610.273,"endTime":613.125,"body":"happen for you instead of"},{"speaker":"Average Joe Finances","startTime":613.125,"endTime":614.375,"body":"continuing to do like value?"},{"speaker":"Flint Jamison","startTime":614.575,"endTime":615.895,"body":"Yeah,"},{"speaker":"Flint Jamison","startTime":614.575,"endTime":615.895,"body":"there's a couple things."},{"speaker":"Flint Jamison","startTime":615.994,"endTime":620.134,"body":"There's a lot of value add opportunities"},{"speaker":"Flint Jamison","startTime":615.994,"endTime":620.134,"body":"that I will still bring to my investors."},{"speaker":"Flint Jamison","startTime":620.134,"endTime":624.015,"body":"So I'm a capital raiser and I partner"},{"speaker":"Flint Jamison","startTime":620.134,"endTime":624.015,"body":"with very experienced teams that"},{"speaker":"Flint Jamison","startTime":624.015,"endTime":625.815,"body":"have a really good track record."},{"speaker":"Flint Jamison","startTime":626.025,"endTime":629.145,"body":"So I feel super confident when I'm"},{"speaker":"Flint Jamison","startTime":626.025,"endTime":629.145,"body":"bringing my investors to a deal"},{"speaker":"Flint Jamison","startTime":629.15,"endTime":632.225,"body":"that I'm bringing them to somebody"},{"speaker":"Flint Jamison","startTime":629.15,"endTime":632.225,"body":"who has some serious track record."},{"speaker":"Flint Jamison","startTime":632.66,"endTime":635.21,"body":"The last raise we did was a fund to fund."},{"speaker":"Flint Jamison","startTime":635.21,"endTime":638.04,"body":"It was a portfolio of three"},{"speaker":"Flint Jamison","startTime":635.21,"endTime":638.04,"body":"properties two different states."},{"speaker":"Flint Jamison","startTime":638.24,"endTime":642.88,"body":"And with the interest rates going up, it's"},{"speaker":"Flint Jamison","startTime":638.24,"endTime":642.88,"body":"becoming a little bit more challenging."},{"speaker":"Flint Jamison","startTime":643.38,"endTime":648.76,"body":"And on top of that, I saw the returns"},{"speaker":"Flint Jamison","startTime":643.38,"endTime":648.76,"body":"of build to rent being so much"},{"speaker":"Flint Jamison","startTime":648.76,"endTime":650.92,"body":"better than your standard value add."},{"speaker":"Flint Jamison","startTime":651.12,"endTime":656.15,"body":"Cause you're, we normally go in with"},{"speaker":"Flint Jamison","startTime":651.12,"endTime":656.15,"body":"a five year plan, 15% IRA or better."},{"speaker":"Flint Jamison","startTime":656.35,"endTime":661.45,"body":"With Build to Rent we can technically"},{"speaker":"Flint Jamison","startTime":656.35,"endTime":661.45,"body":"double your money in a lot less time."},{"speaker":"Flint Jamison","startTime":661.65,"endTime":664.92,"body":"Also built to Rent brings"},{"speaker":"Flint Jamison","startTime":661.65,"endTime":664.92,"body":"multiple exit strategies."},{"speaker":"Flint Jamison","startTime":665.31,"endTime":667.08,"body":"Let me go down that"},{"speaker":"Flint Jamison","startTime":665.31,"endTime":667.08,"body":"rabbit hole really quick."},{"speaker":"Flint Jamison","startTime":667.44,"endTime":670.11,"body":"So we get done stabilizing,"},{"speaker":"Flint Jamison","startTime":667.44,"endTime":670.11,"body":"we occupy all the homes."},{"speaker":"Flint Jamison","startTime":670.17,"endTime":673.02,"body":"We could turn around and sell"},{"speaker":"Flint Jamison","startTime":670.17,"endTime":673.02,"body":"the development to just some"},{"speaker":"Flint Jamison","startTime":673.02,"endTime":674.37,"body":"institution that wants to own it."},{"speaker":"Flint Jamison","startTime":674.575,"endTime":676.135,"body":"We could write it out for cash flow."},{"speaker":"Flint Jamison","startTime":676.285,"endTime":680.185,"body":"This one in particular we're getting"},{"speaker":"Flint Jamison","startTime":676.285,"endTime":680.185,"body":"into is in an opportunity zone, so we'll"},{"speaker":"Flint Jamison","startTime":680.19,"endTime":682.375,"body":"probably write it out for 10 years and"},{"speaker":"Flint Jamison","startTime":682.477,"endTime":685.347,"body":"For those who don't know opportunity"},{"speaker":"Flint Jamison","startTime":682.477,"endTime":685.347,"body":"zones, most of them you get to"},{"speaker":"Flint Jamison","startTime":685.347,"endTime":687.897,"body":"write off all of your capital"},{"speaker":"Flint Jamison","startTime":685.347,"endTime":687.897,"body":"gains at the end of that 10 years."},{"speaker":"Flint Jamison","startTime":687.897,"endTime":691.077,"body":"So all of your earnings"},{"speaker":"Flint Jamison","startTime":687.897,"endTime":691.077,"body":"are come out tax free."},{"speaker":"Flint Jamison","startTime":691.277,"endTime":696.262,"body":"If you want, you can cash out Refi"},{"speaker":"Flint Jamison","startTime":691.277,"endTime":696.262,"body":"when you need to, you can sell each"},{"speaker":"Flint Jamison","startTime":696.262,"endTime":700.812,"body":"individual home off to investors, you"},{"speaker":"Flint Jamison","startTime":696.262,"endTime":700.812,"body":"could partner with a broker and sell"},{"speaker":"Flint Jamison","startTime":700.812,"endTime":704.298,"body":"homes off to, I was thinking investors,"},{"speaker":"Flint Jamison","startTime":700.812,"endTime":704.298,"body":"but you could also just sell them"},{"speaker":"Flint Jamison","startTime":704.318,"endTime":705.757,"body":"as homes to people that wanna buy."},{"speaker":"Flint Jamison","startTime":705.757,"endTime":707.479,"body":"There's so many different exit strategies."},{"speaker":"Flint Jamison","startTime":707.679,"endTime":711.189,"body":"I'm even hearing that people are getting"},{"speaker":"Flint Jamison","startTime":707.679,"endTime":711.189,"body":"60% done with their bill to rent and an"},{"speaker":"Flint Jamison","startTime":711.189,"endTime":714.339,"body":"institution comes in and buys them up"},{"speaker":"Flint Jamison","startTime":711.189,"endTime":714.339,"body":"and just contracts them to finish it out."},{"speaker":"Flint Jamison","startTime":714.339,"endTime":717.579,"body":"So like that could be like 12"},{"speaker":"Flint Jamison","startTime":714.339,"endTime":717.579,"body":"months in and you get bought up"},{"speaker":"Flint Jamison","startTime":717.634,"endTime":719.254,"body":"and double your money in 12 months."},{"speaker":"Flint Jamison","startTime":719.254,"endTime":721.594,"body":"So there's all sorts of strategies."},{"speaker":"Flint Jamison","startTime":721.834,"endTime":724.864,"body":"It is hot right now, bill"},{"speaker":"Flint Jamison","startTime":721.834,"endTime":724.864,"body":"to rent is super hot."},{"speaker":"Flint Jamison","startTime":724.917,"endTime":728.754,"body":"It is 60 to 75 billion dollars"},{"speaker":"Flint Jamison","startTime":724.917,"endTime":728.754,"body":"of institutional money just"},{"speaker":"Flint Jamison","startTime":728.754,"endTime":730.854,"body":"getting funded to go into these."},{"speaker":"Average Joe Finances","startTime":731.083,"endTime":734.565,"body":"Being able to double"},{"speaker":"Average Joe Finances","startTime":731.083,"endTime":734.565,"body":"money in 12 months is is pretty darn good."},{"speaker":"Average Joe Finances","startTime":734.61,"endTime":737.935,"body":"If you ask me typically when you"},{"speaker":"Average Joe Finances","startTime":734.61,"endTime":737.935,"body":"see that, Happening in a syndication"},{"speaker":"Average Joe Finances","startTime":737.935,"endTime":739.558,"body":"over a three to five year period."},{"speaker":"Average Joe Finances","startTime":739.629,"endTime":742.11,"body":"If you're doing it between"},{"speaker":"Average Joe Finances","startTime":739.629,"endTime":742.11,"body":"12 months to three years."},{"speaker":"Average Joe Finances","startTime":742.187,"endTime":743.927,"body":"That's pretty bonkers if you ask me."},{"speaker":"Average Joe Finances","startTime":743.927,"endTime":743.987,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":744.072,"endTime":744.442,"body":"So yeah, that's awesome."},{"speaker":"Flint Jamison","startTime":744.442,"endTime":745.612,"body":"I don't advertise that."},{"speaker":"Flint Jamison","startTime":745.612,"endTime":748.162,"body":"That's just when an opportunity"},{"speaker":"Flint Jamison","startTime":745.612,"endTime":748.162,"body":"comes through, but yeah."},{"speaker":"Average Joe Finances","startTime":748.522,"endTime":748.642,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":748.67,"endTime":749.817,"body":"Not everything's a home run."},{"speaker":"Average Joe Finances","startTime":749.817,"endTime":752.067,"body":"But you need to get a couple"},{"speaker":"Average Joe Finances","startTime":749.817,"endTime":752.067,"body":"base hits  and eventually"},{"speaker":"Average Joe Finances","startTime":752.072,"endTime":753.598,"body":"those RBI's gonna be coming in."},{"speaker":"Average Joe Finances","startTime":753.668,"endTime":755.138,"body":"Just keep getting those base hits."},{"speaker":"Average Joe Finances","startTime":755.254,"endTime":756.964,"body":"But yeah, every now and then"},{"speaker":"Average Joe Finances","startTime":755.254,"endTime":756.964,"body":"you're gonna hit a home run."},{"speaker":"Average Joe Finances","startTime":756.964,"endTime":759.514,"body":"And if you hit a home run with the"},{"speaker":"Average Joe Finances","startTime":756.964,"endTime":759.514,"body":"bases loaded, that's a grand slam."},{"speaker":"Average Joe Finances","startTime":759.714,"endTime":761.604,"body":"Gonna keep the baseball"},{"speaker":"Average Joe Finances","startTime":759.714,"endTime":761.604,"body":"analogy going there."},{"speaker":"Flint Jamison","startTime":761.814,"endTime":762.024,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":762.113,"endTime":762.353,"body":"Alright."},{"speaker":"Average Joe Finances","startTime":762.353,"endTime":765.648,"body":"So like how would this compare to"},{"speaker":"Average Joe Finances","startTime":762.353,"endTime":765.648,"body":"cause I know a lot of people are"},{"speaker":"Average Joe Finances","startTime":765.648,"endTime":768.756,"body":"looking at different options now"},{"speaker":"Average Joe Finances","startTime":765.648,"endTime":768.756,"body":"as long as it's something that's"},{"speaker":"Average Joe Finances","startTime":768.756,"endTime":770.076,"body":"gonna give them a good return."},{"speaker":"Average Joe Finances","startTime":770.081,"endTime":774.185,"body":"So people looking at, still sticking"},{"speaker":"Average Joe Finances","startTime":770.081,"endTime":774.185,"body":"around like the single family route"},{"speaker":"Average Joe Finances","startTime":774.185,"endTime":778.537,"body":"or like we talked about before just"},{"speaker":"Average Joe Finances","startTime":774.185,"endTime":778.537,"body":"regular value add syndications."},{"speaker":"Average Joe Finances","startTime":778.807,"endTime":780.007,"body":"What about like self storage?"},{"speaker":"Average Joe Finances","startTime":780.007,"endTime":781.897,"body":"Like how does self storage"},{"speaker":"Average Joe Finances","startTime":780.007,"endTime":781.897,"body":"compare to something like that."},{"speaker":"Flint Jamison","startTime":781.917,"endTime":784.227,"body":"That's"},{"speaker":"Flint Jamison","startTime":781.917,"endTime":784.227,"body":"a metric I don't know."},{"speaker":"Flint Jamison","startTime":784.347,"endTime":789.357,"body":"But I love self storage just personally"},{"speaker":"Flint Jamison","startTime":784.347,"endTime":789.357,"body":"and I hope to bring self storage to"},{"speaker":"Flint Jamison","startTime":789.417,"endTime":793.587,"body":"not only me as an LP, I'd love to"},{"speaker":"Flint Jamison","startTime":789.417,"endTime":793.587,"body":"invest in self storage, but I hope to"},{"speaker":"Flint Jamison","startTime":793.647,"endTime":797.147,"body":"partner up and bring some to others"},{"speaker":"Flint Jamison","startTime":793.647,"endTime":797.147,"body":"cause it is, it's strong returns."},{"speaker":"Flint Jamison","startTime":797.507,"endTime":798.347,"body":"The difference is,"},{"speaker":"Flint Jamison","startTime":798.377,"endTime":800.867,"body":"I think the biggest thing is"},{"speaker":"Flint Jamison","startTime":798.377,"endTime":800.867,"body":"getting into build to rent,"},{"speaker":"Flint Jamison","startTime":800.927,"endTime":802.967,"body":"you can't anticipate cash flow."},{"speaker":"Flint Jamison","startTime":803.087,"endTime":809.081,"body":"So if you need to live on like paychecks,"},{"speaker":"Flint Jamison","startTime":803.087,"endTime":809.081,"body":"like you've got enough money and value"},{"speaker":"Flint Jamison","startTime":809.086,"endTime":811.491,"body":"ads and you're counting on that cash flow."},{"speaker":"Flint Jamison","startTime":811.651,"endTime":814.621,"body":"This one, you'd need to be"},{"speaker":"Flint Jamison","startTime":811.651,"endTime":814.621,"body":"invested for the long haul."},{"speaker":"Flint Jamison","startTime":814.621,"endTime":818.281,"body":"And like I said, the long haul may only"},{"speaker":"Flint Jamison","startTime":814.621,"endTime":818.281,"body":"be two or three years, or if you want the"},{"speaker":"Flint Jamison","startTime":818.281,"endTime":820.621,"body":"opportunity zone, write it out for 10."},{"speaker":"Average Joe Finances","startTime":820.821,"endTime":822.051,"body":"Yeah,"},{"speaker":"Average Joe Finances","startTime":820.821,"endTime":822.051,"body":"no, that's a great point."},{"speaker":"Average Joe Finances","startTime":822.051,"endTime":826.033,"body":"I think this has been said a lot on"},{"speaker":"Average Joe Finances","startTime":822.051,"endTime":826.033,"body":"this podcast and you hear it a lot"},{"speaker":"Average Joe Finances","startTime":826.033,"endTime":830.414,"body":"on other podcasts as well, but real"},{"speaker":"Average Joe Finances","startTime":826.033,"endTime":830.414,"body":"estate is not the get rich quick thing."},{"speaker":"Average Joe Finances","startTime":830.414,"endTime":832.694,"body":"This is a build wealth"},{"speaker":"Average Joe Finances","startTime":830.414,"endTime":832.694,"body":"over time thing, right?"},{"speaker":"Average Joe Finances","startTime":833.054,"endTime":835.604,"body":"You wanna be looking 5,"},{"speaker":"Average Joe Finances","startTime":833.054,"endTime":835.604,"body":"10, 15 years down the road."},{"speaker":"Average Joe Finances","startTime":835.804,"endTime":836.964,"body":"Not what am I gonna get right away?"},{"speaker":"Average Joe Finances","startTime":836.964,"endTime":839.283,"body":"If that's the case, then go"},{"speaker":"Average Joe Finances","startTime":836.964,"endTime":839.283,"body":"do short term rentals, right?"},{"speaker":"Average Joe Finances","startTime":839.553,"endTime":842.395,"body":"That's gonna be the quickest way"},{"speaker":"Average Joe Finances","startTime":839.553,"endTime":842.395,"body":"to make money and cash flow which"},{"speaker":"Average Joe Finances","startTime":842.435,"endTime":844.154,"body":"is getting a lot tougher to do."},{"speaker":"Average Joe Finances","startTime":844.159,"endTime":847.944,"body":"And on that side of the house, because of"},{"speaker":"Average Joe Finances","startTime":844.159,"endTime":847.944,"body":"all the regulations that are coming out"},{"speaker":"Average Joe Finances","startTime":847.944,"endTime":850.011,"body":"a lot of the bigger cities are saying no."},{"speaker":"Average Joe Finances","startTime":850.204,"endTime":851.727,"body":"I can't do this no more."},{"speaker":"Average Joe Finances","startTime":851.727,"endTime":853.857,"body":"So you're starting to"},{"speaker":"Average Joe Finances","startTime":851.727,"endTime":853.857,"body":"see a lot of that happen."},{"speaker":"Flint Jamison","startTime":853.857,"endTime":854.847,"body":"Not in my backyard."},{"speaker":"Average Joe Finances","startTime":855.057,"endTime":855.867,"body":"Yeah, exactly."},{"speaker":"Average Joe Finances","startTime":855.867,"endTime":856.287,"body":"Exactly."},{"speaker":"Average Joe Finances","startTime":856.287,"endTime":857.337,"body":"You got to be careful with that."},{"speaker":"Average Joe Finances","startTime":857.709,"endTime":859.449,"body":"The thing with what you're"},{"speaker":"Average Joe Finances","startTime":857.709,"endTime":859.449,"body":"doing though,  you're building"},{"speaker":"Average Joe Finances","startTime":859.449,"endTime":860.799,"body":"a whole community in itself."},{"speaker":"Average Joe Finances","startTime":860.799,"endTime":864.123,"body":"So the neighbors complaining is the"},{"speaker":"Average Joe Finances","startTime":860.799,"endTime":864.123,"body":"neighbors complaining to you, right?"},{"speaker":"Average Joe Finances","startTime":864.123,"endTime":866.241,"body":"Because you're building"},{"speaker":"Average Joe Finances","startTime":864.123,"endTime":866.241,"body":"the entire development."},{"speaker":"Average Joe Finances","startTime":866.241,"endTime":869.063,"body":"I did find that very interesting"},{"speaker":"Average Joe Finances","startTime":866.241,"endTime":869.063,"body":"though that Some people are doing"},{"speaker":"Average Joe Finances","startTime":869.063,"endTime":872.235,"body":"this and like halfway through a"},{"speaker":"Average Joe Finances","startTime":869.063,"endTime":872.235,"body":"project, you got institutions coming"},{"speaker":"Average Joe Finances","startTime":872.235,"endTime":874.665,"body":"and saying, Hey, we wanna buy this"},{"speaker":"Average Joe Finances","startTime":872.235,"endTime":874.665,"body":"from you, just to have it right."},{"speaker":"Average Joe Finances","startTime":874.965,"endTime":878.247,"body":"Because they're looking at it as a tax"},{"speaker":"Average Joe Finances","startTime":874.965,"endTime":878.247,"body":"write off for those larger corporations."},{"speaker":"Average Joe Finances","startTime":878.247,"endTime":882.161,"body":"It's crazy when you think about"},{"speaker":"Average Joe Finances","startTime":878.247,"endTime":882.161,"body":"that the, some of these larger."},{"speaker":"Average Joe Finances","startTime":882.361,"endTime":885.571,"body":"Corporations that are coming in and"},{"speaker":"Average Joe Finances","startTime":882.361,"endTime":885.571,"body":"just scooping up all the real estate,"},{"speaker":"Average Joe Finances","startTime":885.851,"endTime":889.372,"body":"making it harder for the Average Joe's"},{"speaker":"Average Joe Finances","startTime":885.851,"endTime":889.372,"body":"out there to go out there and do it."},{"speaker":"Average Joe Finances","startTime":889.372,"endTime":891.918,"body":"That's why you got to scoop it"},{"speaker":"Average Joe Finances","startTime":889.372,"endTime":891.918,"body":"up as much as you can right now."},{"speaker":"Average Joe Finances","startTime":891.971,"endTime":892.391,"body":"So yeah."},{"speaker":"Average Joe Finances","startTime":892.421,"endTime":893.861,"body":"So actually, what are"},{"speaker":"Average Joe Finances","startTime":892.421,"endTime":893.861,"body":"your thoughts on that?"},{"speaker":"Average Joe Finances","startTime":893.884,"endTime":894.004,"body":"What."},{"speaker":"Average Joe Finances","startTime":894.204,"endTime":898.075,"body":"If you guys were putting this development"},{"speaker":"Average Joe Finances","startTime":894.204,"endTime":898.075,"body":"together, and let's say BlackRock comes"},{"speaker":"Average Joe Finances","startTime":898.075,"endTime":901.972,"body":"in and says, Hey, we wanna completely"},{"speaker":"Average Joe Finances","startTime":898.075,"endTime":901.972,"body":"buy all this from you right now."},{"speaker":"Average Joe Finances","startTime":901.983,"endTime":902.985,"body":"What would you think about that?"},{"speaker":"Average Joe Finances","startTime":903.015,"endTime":905.901,"body":"Cause I know you're looking at this"},{"speaker":"Average Joe Finances","startTime":903.015,"endTime":905.901,"body":"right now, it's the opportunity zone to"},{"speaker":"Average Joe Finances","startTime":905.921,"endTime":908.334,"body":"have that 10 year complete write off."},{"speaker":"Average Joe Finances","startTime":908.395,"endTime":910.675,"body":"If they buy it from you,"},{"speaker":"Average Joe Finances","startTime":908.395,"endTime":910.675,"body":"you're gonna be paying taxes."},{"speaker":"Flint Jamison","startTime":911.035,"endTime":911.455,"body":"Yeah."},{"speaker":"Flint Jamison","startTime":911.655,"endTime":913.665,"body":"That is the best problem to have."},{"speaker":"Average Joe Finances","startTime":913.995,"endTime":914.325,"body":"It is."},{"speaker":"Flint Jamison","startTime":914.325,"endTime":915.225,"body":"We plan on doing more."},{"speaker":"Average Joe Finances","startTime":915.242,"endTime":916.022,"body":"Having that choice."},{"speaker":"Flint Jamison","startTime":916.402,"endTime":916.952,"body":"Yeah."},{"speaker":"Flint Jamison","startTime":917.232,"endTime":920.611,"body":"We plan on doing a lot of properties"},{"speaker":"Flint Jamison","startTime":917.232,"endTime":920.611,"body":"or a lot of build to rents."},{"speaker":"Flint Jamison","startTime":920.626,"endTime":922.195,"body":"We are just getting started."},{"speaker":"Flint Jamison","startTime":922.255,"endTime":924.295,"body":"We already have some land"},{"speaker":"Flint Jamison","startTime":922.255,"endTime":924.295,"body":"figured out for the next one."},{"speaker":"Flint Jamison","startTime":924.718,"endTime":928.228,"body":"But I think the best solution would"},{"speaker":"Flint Jamison","startTime":924.718,"endTime":928.228,"body":"be, Hey, they're gonna buy this"},{"speaker":"Flint Jamison","startTime":928.228,"endTime":930.784,"body":"out for stupid amount of dollars."},{"speaker":"Flint Jamison","startTime":931.024,"endTime":934.174,"body":"We're gonna 10-31 and move"},{"speaker":"Flint Jamison","startTime":931.024,"endTime":934.174,"body":"you guys into the next one."},{"speaker":"Flint Jamison","startTime":934.564,"endTime":939.566,"body":"Now it is a challenge because we"},{"speaker":"Flint Jamison","startTime":934.564,"endTime":939.566,"body":"have to keep investors interest And"},{"speaker":"Flint Jamison","startTime":939.566,"endTime":943.217,"body":"moving out to that opportunity zone"},{"speaker":"Flint Jamison","startTime":939.566,"endTime":943.217,"body":"and people just expecting to ride it"},{"speaker":"Flint Jamison","startTime":943.217,"endTime":947.432,"body":"out for 10 years, I think at 10-31"},{"speaker":"Flint Jamison","startTime":943.217,"endTime":947.432,"body":"is probably the best compromise."},{"speaker":"Flint Jamison","startTime":947.632,"endTime":950.972,"body":"They may not be able to get that"},{"speaker":"Flint Jamison","startTime":947.632,"endTime":950.972,"body":"opportunity zone unless we 10-31"},{"speaker":"Flint Jamison","startTime":950.997,"endTime":952.552,"body":"into another opportunity zone."},{"speaker":"Flint Jamison","startTime":952.582,"endTime":953.722,"body":"So that is a challenge."},{"speaker":"Flint Jamison","startTime":953.922,"endTime":957.132,"body":"I don't think I have an answer for you,"},{"speaker":"Flint Jamison","startTime":953.922,"endTime":957.132,"body":"but I would love to have that problem."},{"speaker":"Average Joe Finances","startTime":957.522,"endTime":959.262,"body":"Yeah, no, that"},{"speaker":"Average Joe Finances","startTime":957.522,"endTime":959.262,"body":"would be a great problem to have."},{"speaker":"Average Joe Finances","startTime":959.311,"endTime":959.581,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":959.581,"endTime":961.446,"body":"That was just more of a curious thing now."},{"speaker":"Average Joe Finances","startTime":961.475,"endTime":963.808,"body":"With any type of investment,"},{"speaker":"Average Joe Finances","startTime":961.475,"endTime":963.808,"body":"there's always risks."},{"speaker":"Average Joe Finances","startTime":963.818,"endTime":967.522,"body":"So what would you say would be some of"},{"speaker":"Average Joe Finances","startTime":963.818,"endTime":967.522,"body":"the risks that you would see that are"},{"speaker":"Average Joe Finances","startTime":967.762,"endTime":971.902,"body":"different compared to going into like"},{"speaker":"Average Joe Finances","startTime":967.762,"endTime":971.902,"body":"your standard value add syndication"},{"speaker":"Average Joe Finances","startTime":971.96,"endTime":974.469,"body":"with doing a rent to, or bill to rent?"},{"speaker":"Flint Jamison","startTime":974.669,"endTime":974.879,"body":"Yeah."},{"speaker":"Flint Jamison","startTime":975.079,"endTime":979.159,"body":"I just got to use recent"},{"speaker":"Flint Jamison","startTime":975.079,"endTime":979.159,"body":"history for those risks."},{"speaker":"Flint Jamison","startTime":979.159,"endTime":982.699,"body":"Like back in 2019, no one would"},{"speaker":"Flint Jamison","startTime":979.159,"endTime":982.699,"body":"be like, oh, global Pandemic"},{"speaker":"Flint Jamison","startTime":982.699,"endTime":983.809,"body":"is gonna shut the world down."},{"speaker":"Flint Jamison","startTime":983.814,"endTime":984.949,"body":"And that's my biggest risk."},{"speaker":"Flint Jamison","startTime":985.279,"endTime":988.149,"body":"We just didn't think in"},{"speaker":"Flint Jamison","startTime":985.279,"endTime":988.149,"body":"those terms, but now we do."},{"speaker":"Flint Jamison","startTime":988.569,"endTime":992.107,"body":"So the cost of lumber"},{"speaker":"Flint Jamison","startTime":988.569,"endTime":992.107,"body":"skyrocketed for a bit."},{"speaker":"Flint Jamison","startTime":992.197,"endTime":993.367,"body":"Now it's coming back down."},{"speaker":"Flint Jamison","startTime":993.395,"endTime":994.069,"body":"It's eased."},{"speaker":"Flint Jamison","startTime":994.269,"endTime":999.649,"body":"It's still high, but if we're in Ukraine,"},{"speaker":"Flint Jamison","startTime":994.269,"endTime":999.649,"body":"Something happens the global supply chain."},{"speaker":"Flint Jamison","startTime":999.649,"endTime":1002.762,"body":"Yeah I guess that's the biggest"},{"speaker":"Flint Jamison","startTime":999.649,"endTime":1002.762,"body":"risk or then there's always"},{"speaker":"Flint Jamison","startTime":1002.762,"endTime":1005.732,"body":"the act of God stuff that, like"},{"speaker":"Flint Jamison","startTime":1002.762,"endTime":1005.732,"body":"pandemics that you can't control."},{"speaker":"Flint Jamison","startTime":1005.932,"endTime":1006.412,"body":"But"},{"speaker":"Flint Jamison","startTime":1006.612,"endTime":1011.223,"body":"from an investment standpoint, the way"},{"speaker":"Flint Jamison","startTime":1006.612,"endTime":1011.223,"body":"I see it, the latest metric I saw is the"},{"speaker":"Flint Jamison","startTime":1011.223,"endTime":1016.653,"body":"US is so far behind on supply of single"},{"speaker":"Flint Jamison","startTime":1011.223,"endTime":1016.653,"body":"family homes to the point where we have"},{"speaker":"Flint Jamison","startTime":1016.653,"endTime":1022.623,"body":"to build two and a half million homes a"},{"speaker":"Flint Jamison","startTime":1016.653,"endTime":1022.623,"body":"year for the next decade just to catch up."},{"speaker":"Flint Jamison","startTime":1023.013,"endTime":1023.433,"body":"So"},{"speaker":"Flint Jamison","startTime":1023.913,"endTime":1030.593,"body":"there is such a demand problem right"},{"speaker":"Flint Jamison","startTime":1023.913,"endTime":1030.593,"body":"now that we cannot provide citizens"},{"speaker":"Flint Jamison","startTime":1030.593,"endTime":1034.343,"body":"with enough homes that if we can"},{"speaker":"Flint Jamison","startTime":1030.593,"endTime":1034.343,"body":"just do something, and this is"},{"speaker":"Flint Jamison","startTime":1034.343,"endTime":1035.633,"body":"another thing I really like about it."},{"speaker":"Flint Jamison","startTime":1036.758,"endTime":1037.238,"body":"Value add."},{"speaker":"Flint Jamison","startTime":1037.238,"endTime":1040.801,"body":"You aren't creating more homes, you're"},{"speaker":"Flint Jamison","startTime":1037.238,"endTime":1040.801,"body":"just updating the existing ones."},{"speaker":"Flint Jamison","startTime":1040.801,"endTime":1044.331,"body":"With this one, we are creating more"},{"speaker":"Flint Jamison","startTime":1040.801,"endTime":1044.331,"body":"homes and helping that supply deficit."},{"speaker":"Average Joe Finances","startTime":1044.531,"endTime":1046.725,"body":"Yeah that's actually"},{"speaker":"Average Joe Finances","startTime":1044.531,"endTime":1046.725,"body":"a great point and something that probably"},{"speaker":"Average Joe Finances","startTime":1046.73,"endTime":1047.925,"body":"doesn't get talked about too much."},{"speaker":"Average Joe Finances","startTime":1047.925,"endTime":1051.285,"body":"I had a guest on not too long"},{"speaker":"Average Joe Finances","startTime":1047.925,"endTime":1051.285,"body":"ago, and we were talking about"},{"speaker":"Average Joe Finances","startTime":1051.765,"endTime":1054.045,"body":"they were converting a hotel."},{"speaker":"Average Joe Finances","startTime":1054.435,"endTime":1055.875,"body":"Into an apartment complex."},{"speaker":"Average Joe Finances","startTime":1055.947,"endTime":1058.405,"body":"And one of the cool things about"},{"speaker":"Average Joe Finances","startTime":1055.947,"endTime":1058.405,"body":"that conversion is that you're"},{"speaker":"Average Joe Finances","startTime":1058.405,"endTime":1061.592,"body":"now adding, more housing, right?"},{"speaker":"Average Joe Finances","startTime":1061.666,"endTime":1065.82,"body":"Versus having that temporary hotel that"},{"speaker":"Average Joe Finances","startTime":1061.666,"endTime":1065.82,"body":"was there that wasn't really helping."},{"speaker":"Average Joe Finances","startTime":1065.854,"endTime":1068.242,"body":"You could have kept at a hotel"},{"speaker":"Average Joe Finances","startTime":1065.854,"endTime":1068.242,"body":"and it would've cash flowed"},{"speaker":"Average Joe Finances","startTime":1068.242,"endTime":1069.532,"body":"fine after fixing it up."},{"speaker":"Average Joe Finances","startTime":1069.532,"endTime":1072.134,"body":"But, being able to"},{"speaker":"Average Joe Finances","startTime":1069.532,"endTime":1072.134,"body":"provide so, More housing."},{"speaker":"Average Joe Finances","startTime":1072.134,"endTime":1075.452,"body":"It's just when you're looking at"},{"speaker":"Average Joe Finances","startTime":1072.134,"endTime":1075.452,"body":"what's happening in the country right"},{"speaker":"Average Joe Finances","startTime":1075.452,"endTime":1079.088,"body":"now, I think that's huge because a"},{"speaker":"Average Joe Finances","startTime":1075.452,"endTime":1079.088,"body":"lot of people don't look at it the"},{"speaker":"Average Joe Finances","startTime":1079.088,"endTime":1082.727,"body":"giving back aspect of what people"},{"speaker":"Average Joe Finances","startTime":1079.088,"endTime":1082.727,"body":"do as real estate investors, right?"},{"speaker":"Average Joe Finances","startTime":1082.78,"endTime":1085.283,"body":"A lot of times Real estate"},{"speaker":"Average Joe Finances","startTime":1082.78,"endTime":1085.283,"body":"investors get vilified."},{"speaker":"Average Joe Finances","startTime":1085.283,"endTime":1087.593,"body":"They're greedy and they're"},{"speaker":"Average Joe Finances","startTime":1085.283,"endTime":1087.593,"body":"just trying to make money."},{"speaker":"Average Joe Finances","startTime":1087.803,"endTime":1089.153,"body":"Look, everybody's trying to make money."},{"speaker":"Average Joe Finances","startTime":1089.153,"endTime":1091.583,"body":"Everybody wants to escape the"},{"speaker":"Average Joe Finances","startTime":1089.153,"endTime":1091.583,"body":"rat race in their own way."},{"speaker":"Average Joe Finances","startTime":1091.943,"endTime":1096.383,"body":"But when you can find a way to"},{"speaker":"Average Joe Finances","startTime":1091.943,"endTime":1096.383,"body":"employ your dollars to make money for"},{"speaker":"Average Joe Finances","startTime":1096.388,"endTime":1101.076,"body":"yourself for your family, and be able"},{"speaker":"Average Joe Finances","startTime":1096.388,"endTime":1101.076,"body":"to give back to communities, right?"},{"speaker":"Average Joe Finances","startTime":1101.076,"endTime":1104.072,"body":"By providing good, safe"},{"speaker":"Average Joe Finances","startTime":1101.076,"endTime":1104.072,"body":"housing you really, I."},{"speaker":"Average Joe Finances","startTime":1104.272,"endTime":1107.95,"body":"People don't look at that other side"},{"speaker":"Average Joe Finances","startTime":1104.272,"endTime":1107.95,"body":"of it and it just drives me nuts."},{"speaker":"Average Joe Finances","startTime":1108.2,"endTime":1112.037,"body":"So that's why I like to talk about"},{"speaker":"Average Joe Finances","startTime":1108.2,"endTime":1112.037,"body":"that on my podcast because I'm hoping"},{"speaker":"Average Joe Finances","startTime":1112.037,"endTime":1114.06,"body":"that, there's some people out there"},{"speaker":"Average Joe Finances","startTime":1112.037,"endTime":1114.06,"body":"that are listening that are saying,"},{"speaker":"Average Joe Finances","startTime":1114.069,"endTime":1117.039,"body":"there is that other side of it that,"},{"speaker":"Average Joe Finances","startTime":1114.069,"endTime":1117.039,"body":"that people don't talk about too much"},{"speaker":"Average Joe Finances","startTime":1117.039,"endTime":1118.839,"body":"and let's go preach that message."},{"speaker":"Average Joe Finances","startTime":1118.844,"endTime":1120.932,"body":"Let's go preach that side,"},{"speaker":"Average Joe Finances","startTime":1118.844,"endTime":1120.932,"body":"I think that's important."},{"speaker":"Flint Jamison","startTime":1120.965,"endTime":1123.455,"body":"There's a lot of"},{"speaker":"Flint Jamison","startTime":1120.965,"endTime":1123.455,"body":"municipalities out there that are"},{"speaker":"Flint Jamison","startTime":1123.455,"endTime":1128.255,"body":"now encouraging bill to rent or just"},{"speaker":"Flint Jamison","startTime":1123.455,"endTime":1128.255,"body":"new development in general because"},{"speaker":"Flint Jamison","startTime":1128.405,"endTime":1130.115,"body":"they know that they need more homes."},{"speaker":"Flint Jamison","startTime":1130.265,"endTime":1134.248,"body":"And so the whole NIMBY thing that"},{"speaker":"Flint Jamison","startTime":1130.265,"endTime":1134.248,"body":"really caused there's a lot of"},{"speaker":"Flint Jamison","startTime":1134.253,"endTime":1138.197,"body":"things, but the not in my Backyard"},{"speaker":"Flint Jamison","startTime":1134.253,"endTime":1138.197,"body":"communities put a stop to the building"},{"speaker":"Flint Jamison","startTime":1138.197,"endTime":1140.719,"body":"and now we're hurting because of it."},{"speaker":"Flint Jamison","startTime":1140.749,"endTime":1142.649,"body":"The local economy can"},{"speaker":"Flint Jamison","startTime":1140.749,"endTime":1142.649,"body":"be hurting cause of it."},{"speaker":"Flint Jamison","startTime":1142.682,"endTime":1145.172,"body":"Municipalities have turned around"},{"speaker":"Flint Jamison","startTime":1142.682,"endTime":1145.172,"body":"now they're advocating and it's"},{"speaker":"Flint Jamison","startTime":1145.172,"endTime":1148.592,"body":"making it easier for us to get"},{"speaker":"Flint Jamison","startTime":1145.172,"endTime":1148.592,"body":"zoning and entitlements in place."},{"speaker":"Average Joe Finances","startTime":1148.792,"endTime":1149.542,"body":"No, that's great."},{"speaker":"Average Joe Finances","startTime":1149.592,"endTime":1150.716,"body":"Not where I live at really."},{"speaker":"Average Joe Finances","startTime":1150.716,"endTime":1152.666,"body":"It's always hard to get that"},{"speaker":"Average Joe Finances","startTime":1150.716,"endTime":1152.666,"body":"stuff out here in Hawaii."},{"speaker":"Average Joe Finances","startTime":1152.671,"endTime":1154.568,"body":"But there's only so"},{"speaker":"Average Joe Finances","startTime":1152.671,"endTime":1154.568,"body":"much land that we have."},{"speaker":"Flint Jamison","startTime":1154.648,"endTime":1155.255,"body":"Yeah, it's true."},{"speaker":"Average Joe Finances","startTime":1155.675,"endTime":1159.318,"body":"All right hey, so"},{"speaker":"Average Joe Finances","startTime":1155.675,"endTime":1159.318,"body":"I'm curious now, this is just a personal"},{"speaker":"Average Joe Finances","startTime":1159.468,"endTime":1164.138,"body":"curiosity of mine when it comes to if"},{"speaker":"Average Joe Finances","startTime":1159.468,"endTime":1164.138,"body":"somebody want to use like a self-directed"},{"speaker":"Average Joe Finances","startTime":1164.138,"endTime":1169.736,"body":"IRA into a built to rent versus, cause"},{"speaker":"Average Joe Finances","startTime":1164.138,"endTime":1169.736,"body":"people do it right now with value"},{"speaker":"Average Joe Finances","startTime":1169.736,"endTime":1171.826,"body":"add syndications is it the same way?"},{"speaker":"Average Joe Finances","startTime":1171.826,"endTime":1175.334,"body":"Can you still invest it the same way as"},{"speaker":"Average Joe Finances","startTime":1171.826,"endTime":1175.334,"body":"you would the other type of investments?"},{"speaker":"Flint Jamison","startTime":1175.334,"endTime":1175.814,"body":"Yeah, absolutely."},{"speaker":"Flint Jamison","startTime":1175.838,"endTime":1177.758,"body":"We're a syndication through and through."},{"speaker":"Flint Jamison","startTime":1177.802,"endTime":1180.682,"body":"We follow 506 B or 506 C reg rules."},{"speaker":"Flint Jamison","startTime":1180.715,"endTime":1184.471,"body":"It's no different than the value add"},{"speaker":"Flint Jamison","startTime":1180.715,"endTime":1184.471,"body":"syndications, it's just the returns"},{"speaker":"Flint Jamison","startTime":1184.471,"endTime":1187.1,"body":"in the business strategy are a"},{"speaker":"Flint Jamison","startTime":1184.471,"endTime":1187.1,"body":"little different on how we manage it."},{"speaker":"Average Joe Finances","startTime":1187.2,"endTime":1188.19,"body":"Okay, fantastic."},{"speaker":"Average Joe Finances","startTime":1188.195,"endTime":1190.74,"body":"So it, for an investor, it'd"},{"speaker":"Average Joe Finances","startTime":1188.195,"endTime":1190.74,"body":"be treated the same way."},{"speaker":"Average Joe Finances","startTime":1190.74,"endTime":1193.62,"body":"Just you're not gonna get that"},{"speaker":"Average Joe Finances","startTime":1190.74,"endTime":1193.62,"body":"first distribution maybe for"},{"speaker":"Average Joe Finances","startTime":1193.62,"endTime":1195.021,"body":"two and a half, three years."},{"speaker":"Average Joe Finances","startTime":1195.156,"endTime":1196.356,"body":"So something like that."},{"speaker":"Average Joe Finances","startTime":1196.356,"endTime":1196.656,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1197.016,"endTime":1197.646,"body":"No, that's cool."},{"speaker":"Average Joe Finances","startTime":1197.746,"endTime":1198.486,"body":"Definitely good to know."},{"speaker":"Average Joe Finances","startTime":1198.535,"endTime":1202.085,"body":"Yeah, I think that's really it for the"},{"speaker":"Average Joe Finances","startTime":1198.535,"endTime":1202.085,"body":"questions that I had regarding that I"},{"speaker":"Average Joe Finances","startTime":1202.085,"endTime":1206.042,"body":"think this is definitely a good topic to"},{"speaker":"Average Joe Finances","startTime":1202.085,"endTime":1206.042,"body":"talk about when it comes to build to rent."},{"speaker":"Average Joe Finances","startTime":1206.175,"endTime":1208.965,"body":"Again, haven't had too many people"},{"speaker":"Average Joe Finances","startTime":1206.175,"endTime":1208.965,"body":"come on and talk about that."},{"speaker":"Average Joe Finances","startTime":1208.965,"endTime":1212.76,"body":"And I think it's  I think it's fascinating"},{"speaker":"Average Joe Finances","startTime":1208.965,"endTime":1212.76,"body":"especially when somebody goes from."},{"speaker":"Average Joe Finances","startTime":1212.89,"endTime":1216.319,"body":"Doing value add syndications to"},{"speaker":"Average Joe Finances","startTime":1212.89,"endTime":1216.319,"body":"now, this is development, right?"},{"speaker":"Average Joe Finances","startTime":1216.319,"endTime":1218.121,"body":"This is real estate develop development."},{"speaker":"Average Joe Finances","startTime":1218.121,"endTime":1219.261,"body":"So I think that's really cool."},{"speaker":"Average Joe Finances","startTime":1219.314,"endTime":1219.595,"body":"Alright."},{"speaker":"Average Joe Finances","startTime":1219.595,"endTime":1222.685,"body":"I wanna transition this into something"},{"speaker":"Average Joe Finances","startTime":1219.595,"endTime":1222.685,"body":"that we call the final round."},{"speaker":"Average Joe Finances","startTime":1223.045,"endTime":1225.961,"body":"It's where I'm gonna ask you four"},{"speaker":"Average Joe Finances","startTime":1223.045,"endTime":1225.961,"body":"questions, same four questions that"},{"speaker":"Average Joe Finances","startTime":1225.966,"endTime":1227.221,"body":"I ask every that comes on the show."},{"speaker":"Average Joe Finances","startTime":1227.321,"endTime":1229.093,"body":"Three of them like hard hitting."},{"speaker":"Average Joe Finances","startTime":1229.183,"endTime":1233.479,"body":"We wanna know how Flint reacts"},{"speaker":"Average Joe Finances","startTime":1229.183,"endTime":1233.479,"body":"when he's under pressure or"},{"speaker":"Average Joe Finances","startTime":1233.729,"endTime":1235.155,"body":"gets put in a tough situation."},{"speaker":"Average Joe Finances","startTime":1235.335,"endTime":1237.955,"body":"And then the last question's"},{"speaker":"Average Joe Finances","startTime":1235.335,"endTime":1237.955,"body":"in a opinion based question."},{"speaker":"Average Joe Finances","startTime":1237.96,"endTime":1239.875,"body":"So if you're ready to go,"},{"speaker":"Average Joe Finances","startTime":1237.96,"endTime":1239.875,"body":"we'll get this party started."},{"speaker":"Flint Jamison","startTime":1240.235,"endTime":1241.015,"body":"Yeah, let's do it."},{"speaker":"Average Joe Finances","startTime":1241.375,"endTime":1241.895,"body":"All right, Flint."},{"speaker":"Average Joe Finances","startTime":1241.895,"endTime":1245.688,"body":"I'm gonna keep this on the real estate"},{"speaker":"Average Joe Finances","startTime":1241.895,"endTime":1245.688,"body":"side, so I'm gonna say, what's the biggest"},{"speaker":"Average Joe Finances","startTime":1245.688,"endTime":1247.908,"body":"mistake you've ever made in real estate"},{"speaker":"Flint Jamison","startTime":1248.017,"endTime":1250.387,"body":"So a year ago today."},{"speaker":"Flint Jamison","startTime":1250.727,"endTime":1253.595,"body":"I'll try to keep the story quick,"},{"speaker":"Flint Jamison","startTime":1250.727,"endTime":1253.595,"body":"but we could get in a rabbit hole."},{"speaker":"Flint Jamison","startTime":1253.709,"endTime":1257.658,"body":"I tried to do my first indication with"},{"speaker":"Flint Jamison","startTime":1253.709,"endTime":1257.658,"body":"a bunch of new general partners, and it"},{"speaker":"Flint Jamison","startTime":1257.658,"endTime":1260.058,"body":"was a 23 unit here outside of Denver."},{"speaker":"Flint Jamison","startTime":1260.318,"endTime":1262.568,"body":"Everything went sideways on our side."},{"speaker":"Flint Jamison","startTime":1262.573,"endTime":1265.778,"body":"No investors were harmed, but I lost a"},{"speaker":"Flint Jamison","startTime":1262.573,"endTime":1265.778,"body":"lot of money, like the earnest money down."},{"speaker":"Flint Jamison","startTime":1265.846,"endTime":1267.706,"body":"I learned a lot in all of that."},{"speaker":"Flint Jamison","startTime":1267.744,"endTime":1270.989,"body":"I do diligence, inspections,"},{"speaker":"Flint Jamison","startTime":1267.744,"endTime":1270.989,"body":"a slum lord for."},{"speaker":"Flint Jamison","startTime":1271.089,"endTime":1272.499,"body":"A seller, really."},{"speaker":"Flint Jamison","startTime":1272.549,"endTime":1275.825,"body":"The previous owner was a slum lord,"},{"speaker":"Flint Jamison","startTime":1272.549,"endTime":1275.825,"body":"and he should care less about anybody"},{"speaker":"Flint Jamison","startTime":1275.825,"endTime":1276.965,"body":"else in the world but himself."},{"speaker":"Flint Jamison","startTime":1276.987,"endTime":1281.354,"body":"Yeah, I failed big time, lost a"},{"speaker":"Flint Jamison","startTime":1276.987,"endTime":1281.354,"body":"lot of money, but I kept going."},{"speaker":"Flint Jamison","startTime":1281.554,"endTime":1282.754,"body":"So that's the key."},{"speaker":"Average Joe Finances","startTime":1283.074,"endTime":1285.984,"body":"You know, what,"},{"speaker":"Average Joe Finances","startTime":1283.074,"endTime":1285.984,"body":"the fact that you kept going is great"},{"speaker":"Average Joe Finances","startTime":1285.984,"endTime":1289.388,"body":"because, for those of us that have been"},{"speaker":"Average Joe Finances","startTime":1285.984,"endTime":1289.388,"body":"in real estate for a little while, we"},{"speaker":"Average Joe Finances","startTime":1289.388,"endTime":1293.515,"body":"understand that when something like"},{"speaker":"Average Joe Finances","startTime":1289.388,"endTime":1293.515,"body":"that happens and you lose that money."},{"speaker":"Average Joe Finances","startTime":1293.583,"endTime":1295.683,"body":"Basically you just paid"},{"speaker":"Average Joe Finances","startTime":1293.583,"endTime":1295.683,"body":"for education, right?"},{"speaker":"Average Joe Finances","startTime":1295.688,"endTime":1297.793,"body":"So you got yourself a good"},{"speaker":"Average Joe Finances","startTime":1295.688,"endTime":1297.793,"body":"education right there."},{"speaker":"Average Joe Finances","startTime":1297.799,"endTime":1299.918,"body":"You know what not to do on the next one."},{"speaker":"Average Joe Finances","startTime":1299.918,"endTime":1303.188,"body":"Which actually  I I'd like to know what"},{"speaker":"Average Joe Finances","startTime":1299.918,"endTime":1303.188,"body":"was the difference between that first"},{"speaker":"Average Joe Finances","startTime":1303.188,"endTime":1305.723,"body":"one that you did and the very next one."},{"speaker":"Average Joe Finances","startTime":1305.728,"endTime":1308.76,"body":"Like what kind of lessons learned"},{"speaker":"Average Joe Finances","startTime":1305.728,"endTime":1308.76,"body":"did you take with with yourself"},{"speaker":"Average Joe Finances","startTime":1308.76,"endTime":1309.9,"body":"to the next deal that you did?"},{"speaker":"Flint Jamison","startTime":1309.907,"endTime":1311.369,"body":"I think the biggest one."},{"speaker":"Flint Jamison","startTime":1311.469,"endTime":1313.209,"body":"Out of all of the failures."},{"speaker":"Flint Jamison","startTime":1313.479,"endTime":1317.057,"body":"It wasn't just one, but we weren't"},{"speaker":"Flint Jamison","startTime":1313.479,"endTime":1317.057,"body":"successful enough at raising capital,"},{"speaker":"Flint Jamison","startTime":1317.157,"endTime":1321.207,"body":"so I immediately took that weakness,"},{"speaker":"Flint Jamison","startTime":1317.157,"endTime":1321.207,"body":"turned around and found some mentors"},{"speaker":"Flint Jamison","startTime":1321.207,"endTime":1322.767,"body":"that could teach me how to raise capital."},{"speaker":"Flint Jamison","startTime":1323.007,"endTime":1328.374,"body":"Within three months of there, I got"},{"speaker":"Flint Jamison","startTime":1323.007,"endTime":1328.374,"body":"invited on a deal with some experienced"},{"speaker":"Flint Jamison","startTime":1328.374,"endTime":1330.504,"body":"partners and we raised from there."},{"speaker":"Flint Jamison","startTime":1330.504,"endTime":1332.904,"body":"And then that's how I"},{"speaker":"Flint Jamison","startTime":1330.504,"endTime":1332.904,"body":"got my first GP deal."},{"speaker":"Average Joe Finances","startTime":1333.104,"endTime":1333.644,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1333.764,"endTime":1334.334,"body":"Right on."},{"speaker":"Average Joe Finances","startTime":1334.424,"endTime":1334.754,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1334.754,"endTime":1337.406,"body":"So good lessons learned"},{"speaker":"Average Joe Finances","startTime":1334.754,"endTime":1337.406,"body":"from that and and moving on."},{"speaker":"Average Joe Finances","startTime":1337.413,"endTime":1340.413,"body":"So actually this next question"},{"speaker":"Average Joe Finances","startTime":1337.413,"endTime":1340.413,"body":"kind of ties into all that too."},{"speaker":"Average Joe Finances","startTime":1340.413,"endTime":1343.773,"body":"So what is something that"},{"speaker":"Average Joe Finances","startTime":1340.413,"endTime":1343.773,"body":"you've learned that you wish"},{"speaker":"Average Joe Finances","startTime":1343.778,"endTime":1345.363,"body":"you knew when you first started?"},{"speaker":"Flint Jamison","startTime":1345.407,"endTime":1347.691,"body":"I tried too"},{"speaker":"Flint Jamison","startTime":1345.407,"endTime":1347.691,"body":"hard to know everything."},{"speaker":"Flint Jamison","startTime":1348.081,"endTime":1349.401,"body":"For one, take action."},{"speaker":"Flint Jamison","startTime":1349.611,"endTime":1351.991,"body":"I learned via podcast for too long."},{"speaker":"Flint Jamison","startTime":1352.107,"endTime":1357.057,"body":"I needed to jump in and get some sort"},{"speaker":"Flint Jamison","startTime":1352.107,"endTime":1357.057,"body":"of educational program for one and two."},{"speaker":"Flint Jamison","startTime":1357.107,"endTime":1359.224,"body":"Network, cause this is a team sport."},{"speaker":"Flint Jamison","startTime":1359.224,"endTime":1360.934,"body":"You have to find your team members."},{"speaker":"Flint Jamison","startTime":1360.945,"endTime":1362.265,"body":"You don't have to know everything."},{"speaker":"Flint Jamison","startTime":1362.265,"endTime":1364.605,"body":"Somebody else out there is"},{"speaker":"Flint Jamison","startTime":1362.265,"endTime":1364.605,"body":"gonna compliment your skills."},{"speaker":"Flint Jamison","startTime":1365.085,"endTime":1368.325,"body":"Let them be the expert in the other thing"},{"speaker":"Flint Jamison","startTime":1365.085,"endTime":1368.325,"body":"that you don't want to be an expert in."},{"speaker":"Flint Jamison","startTime":1368.361,"endTime":1372.431,"body":"But it's all about taking action quickly"},{"speaker":"Flint Jamison","startTime":1368.361,"endTime":1372.431,"body":"before trying to learn everything."},{"speaker":"Average Joe Finances","startTime":1372.661,"endTime":1373.454,"body":"Yeah that's awesome."},{"speaker":"Average Joe Finances","startTime":1373.598,"endTime":1377.488,"body":"You do need to find the people that"},{"speaker":"Average Joe Finances","startTime":1373.598,"endTime":1377.488,"body":"will compliment your weaknesses, right?"},{"speaker":"Average Joe Finances","startTime":1377.488,"endTime":1379.348,"body":"You have your strengths,"},{"speaker":"Average Joe Finances","startTime":1377.488,"endTime":1379.348,"body":"you have your weaknesses."},{"speaker":"Average Joe Finances","startTime":1379.348,"endTime":1382.544,"body":"You wanna find the people that have"},{"speaker":"Average Joe Finances","startTime":1379.348,"endTime":1382.544,"body":"the strengths that are on that side"},{"speaker":"Average Joe Finances","startTime":1382.549,"endTime":1383.714,"body":"where you're a little weaker, right?"},{"speaker":"Average Joe Finances","startTime":1384.04,"endTime":1386.504,"body":"And that's how you build a"},{"speaker":"Average Joe Finances","startTime":1384.04,"endTime":1386.504,"body":"strong team in anything, right?"},{"speaker":"Average Joe Finances","startTime":1386.504,"endTime":1387.554,"body":"Not just real estate."},{"speaker":"Average Joe Finances","startTime":1387.564,"endTime":1390.975,"body":"But if you take simple"},{"speaker":"Average Joe Finances","startTime":1387.564,"endTime":1390.975,"body":"team buildings that."},{"speaker":"Average Joe Finances","startTime":1391.075,"endTime":1391.915,"body":"Strategies."},{"speaker":"Average Joe Finances","startTime":1391.985,"endTime":1393.327,"body":"And apply that to real estate."},{"speaker":"Average Joe Finances","startTime":1393.327,"endTime":1395.419,"body":"You can really take it to the next level."},{"speaker":"Average Joe Finances","startTime":1395.449,"endTime":1396.079,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":1396.409,"endTime":1396.649,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1396.654,"endTime":1401.419,"body":"Next question is, do you have any tips or"},{"speaker":"Average Joe Finances","startTime":1396.654,"endTime":1401.419,"body":"tricks that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":1401.419,"endTime":1403.739,"body":"that is just getting started today?"},{"speaker":"Flint Jamison","startTime":1403.839,"endTime":1406.029,"body":"I think I got"},{"speaker":"Flint Jamison","startTime":1403.839,"endTime":1406.029,"body":"to reiterate what I just said."},{"speaker":"Flint Jamison","startTime":1406.229,"endTime":1409.349,"body":"You got to network and educate yourself."},{"speaker":"Flint Jamison","startTime":1409.449,"endTime":1411.849,"body":"Don't be too stingy with your money."},{"speaker":"Flint Jamison","startTime":1411.899,"endTime":1415.078,"body":"There's courses out there that's"},{"speaker":"Flint Jamison","startTime":1411.899,"endTime":1415.078,"body":"a thousand dollars, go spend it."},{"speaker":"Flint Jamison","startTime":1415.128,"endTime":1418.628,"body":"I'm not saying go spend the"},{"speaker":"Flint Jamison","startTime":1415.128,"endTime":1418.628,"body":"$30,000 for a proper mentorship."},{"speaker":"Flint Jamison","startTime":1418.628,"endTime":1419.628,"body":"You don't have to do that."},{"speaker":"Flint Jamison","startTime":1419.646,"endTime":1420.96,"body":"I didn't need to do that."},{"speaker":"Flint Jamison","startTime":1421.06,"endTime":1425.07,"body":"But at some point you will need"},{"speaker":"Flint Jamison","startTime":1421.06,"endTime":1425.07,"body":"to spend money beyond books"},{"speaker":"Flint Jamison","startTime":1425.07,"endTime":1429.36,"body":"and podcasts to get into some"},{"speaker":"Flint Jamison","startTime":1425.07,"endTime":1429.36,"body":"course, or attend some conference."},{"speaker":"Average Joe Finances","startTime":1429.56,"endTime":1430.807,"body":"Yeah,"},{"speaker":"Average Joe Finances","startTime":1429.56,"endTime":1430.807,"body":"no that's a great point."},{"speaker":"Average Joe Finances","startTime":1430.829,"endTime":1434.297,"body":"Besides the networking piece like"},{"speaker":"Average Joe Finances","startTime":1430.829,"endTime":1434.297,"body":"you said too is that take action"},{"speaker":"Average Joe Finances","startTime":1434.297,"endTime":1437.274,"body":"piece and sometimes the right"},{"speaker":"Average Joe Finances","startTime":1434.297,"endTime":1437.274,"body":"appropriate thing to take action"},{"speaker":"Average Joe Finances","startTime":1437.274,"endTime":1438.791,"body":"is maybe buying a course, right?"},{"speaker":"Average Joe Finances","startTime":1438.809,"endTime":1440.094,"body":"Education is huge."},{"speaker":"Average Joe Finances","startTime":1440.099,"endTime":1442.444,"body":"That's one of the things you need"},{"speaker":"Average Joe Finances","startTime":1440.099,"endTime":1442.444,"body":"to do, you have to get out there"},{"speaker":"Average Joe Finances","startTime":1442.469,"endTime":1443.774,"body":"and take action and make it happen."},{"speaker":"Average Joe Finances","startTime":1443.774,"endTime":1444.304,"body":"So that's true."},{"speaker":"Flint Jamison","startTime":1444.421,"endTime":1445.381,"body":"Invest in yourself."},{"speaker":"Flint Jamison","startTime":1445.381,"endTime":1445.651,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":1445.981,"endTime":1447.691,"body":"Yeah, that's,"},{"speaker":"Average Joe Finances","startTime":1445.981,"endTime":1447.691,"body":"and that's the very first thing,"},{"speaker":"Average Joe Finances","startTime":1447.691,"endTime":1452.041,"body":"like before you start investing your"},{"speaker":"Average Joe Finances","startTime":1447.691,"endTime":1452.041,"body":"money into real estate, invest it"},{"speaker":"Average Joe Finances","startTime":1452.041,"endTime":1454.666,"body":"in yourself first so you understand"},{"speaker":"Average Joe Finances","startTime":1452.041,"endTime":1454.666,"body":"what you're getting yourself into."},{"speaker":"Average Joe Finances","startTime":1454.696,"endTime":1456.826,"body":"I think a lot of people"},{"speaker":"Average Joe Finances","startTime":1454.696,"endTime":1456.826,"body":"just jump in too blindly."},{"speaker":"Average Joe Finances","startTime":1456.863,"endTime":1459.169,"body":"And then you wind up paying"},{"speaker":"Average Joe Finances","startTime":1456.863,"endTime":1459.169,"body":"for that education, right?"},{"speaker":"Average Joe Finances","startTime":1459.169,"endTime":1459.874,"body":"You'll pay for it."},{"speaker":"Average Joe Finances","startTime":1459.904,"endTime":1464.985,"body":"It'll just be in a different way and maybe"},{"speaker":"Average Joe Finances","startTime":1459.904,"endTime":1464.985,"body":"not as cost effective or stress level,"},{"speaker":"Average Joe Finances","startTime":1465.064,"endTime":1466.634,"body":"it's gonna elevate your blood pressure."},{"speaker":"Average Joe Finances","startTime":1467.084,"endTime":1467.424,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1467.449,"endTime":1470.569,"body":"Final question of the final"},{"speaker":"Average Joe Finances","startTime":1467.449,"endTime":1470.569,"body":"round is, do you have a favorite"},{"speaker":"Average Joe Finances","startTime":1471.099,"endTime":1475.638,"body":"business investing or real estate"},{"speaker":"Average Joe Finances","startTime":1471.099,"endTime":1475.638,"body":"related book or podcast, or, both?"},{"speaker":"Flint Jamison","startTime":1475.754,"endTime":1480.063,"body":"Yeah I got so many, but"},{"speaker":"Flint Jamison","startTime":1475.754,"endTime":1480.063,"body":"I'll keep it short to maybe just a couple."},{"speaker":"Flint Jamison","startTime":1480.162,"endTime":1484.062,"body":"Hunter Thompson wrote a great book on,"},{"speaker":"Flint Jamison","startTime":1480.162,"endTime":1484.062,"body":"on raising capital for real estate."},{"speaker":"Flint Jamison","startTime":1484.422,"endTime":1489.402,"body":"There's a few key points in that really"},{"speaker":"Flint Jamison","startTime":1484.422,"endTime":1489.402,"body":"got me started out of the gate when I"},{"speaker":"Flint Jamison","startTime":1489.642,"endTime":1493.8,"body":"went into that second property where I"},{"speaker":"Flint Jamison","startTime":1489.642,"endTime":1493.8,"body":"was actually able to raise money podcasts."},{"speaker":"Flint Jamison","startTime":1493.9,"endTime":1496.04,"body":"God, I got so many good"},{"speaker":"Flint Jamison","startTime":1493.9,"endTime":1496.04,"body":"friends that do podcasts."},{"speaker":"Flint Jamison","startTime":1496.04,"endTime":1497.66,"body":"I'd love to, to shout them all out."},{"speaker":"Flint Jamison","startTime":1497.66,"endTime":1500.45,"body":"Like Julie Holly, the Conscious"},{"speaker":"Flint Jamison","startTime":1497.66,"endTime":1500.45,"body":"Investor, she's a buddy of mine."},{"speaker":"Flint Jamison","startTime":1500.45,"endTime":1501.77,"body":"She does a great podcast."},{"speaker":"Average Joe Finances","startTime":1501.887,"endTime":1503.018,"body":"Oh"},{"speaker":"Average Joe Finances","startTime":1501.887,"endTime":1503.018,"body":"yeah, her podcast is great."},{"speaker":"Average Joe Finances","startTime":1503.018,"endTime":1504.41,"body":"It's one of the ones I listened to."},{"speaker":"Flint Jamison","startTime":1504.424,"endTime":1504.616,"body":"Yeah."},{"speaker":"Flint Jamison","startTime":1504.621,"endTime":1505.036,"body":"Nice."},{"speaker":"Flint Jamison","startTime":1505.048,"endTime":1506.506,"body":"I got my start with Michael Blanc."},{"speaker":"Flint Jamison","startTime":1506.506,"endTime":1507.586,"body":"I'll have to give him credit."},{"speaker":"Flint Jamison","startTime":1507.586,"endTime":1509.776,"body":"I listened to him for"},{"speaker":"Flint Jamison","startTime":1507.586,"endTime":1509.776,"body":"almost six months straight."},{"speaker":"Flint Jamison","startTime":1509.806,"endTime":1511.736,"body":"That was a good educational platform."},{"speaker":"Average Joe Finances","startTime":1511.836,"endTime":1512.166,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1512.166,"endTime":1514.086,"body":"Yeah, definitely some"},{"speaker":"Average Joe Finances","startTime":1512.166,"endTime":1514.086,"body":"great recommendations."},{"speaker":"Average Joe Finances","startTime":1514.091,"endTime":1515.909,"body":"Do you know the name of"},{"speaker":"Average Joe Finances","startTime":1514.091,"endTime":1515.909,"body":"Hunter Thompson's book?"},{"speaker":"Flint Jamison","startTime":1516.029,"endTime":1516.239,"body":"Yep."},{"speaker":"Flint Jamison","startTime":1516.299,"endTime":1518.651,"body":"It's called raising"},{"speaker":"Flint Jamison","startTime":1516.299,"endTime":1518.651,"body":"capital for real estate."},{"speaker":"Average Joe Finances","startTime":1519.011,"endTime":1519.801,"body":"Okay, cool."},{"speaker":"Average Joe Finances","startTime":1519.901,"endTime":1520.651,"body":"Simple enough."},{"speaker":"Average Joe Finances","startTime":1521.131,"endTime":1521.371,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1521.371,"endTime":1522.721,"body":"Yeah, definitely a great recommendation."},{"speaker":"Average Joe Finances","startTime":1522.721,"endTime":1523.561,"body":"I have not read that."},{"speaker":"Average Joe Finances","startTime":1523.561,"endTime":1524.761,"body":"That is going on my list."},{"speaker":"Average Joe Finances","startTime":1525.011,"endTime":1527.335,"body":"These kind of questions, it's"},{"speaker":"Average Joe Finances","startTime":1525.011,"endTime":1527.335,"body":"selfish for me, but I get to do"},{"speaker":"Average Joe Finances","startTime":1527.335,"endTime":1528.668,"body":"that as a podcast host, right?"},{"speaker":"Average Joe Finances","startTime":1528.668,"endTime":1531.712,"body":"And I get to get these great"},{"speaker":"Average Joe Finances","startTime":1528.668,"endTime":1531.712,"body":"recommendations for books to read"},{"speaker":"Average Joe Finances","startTime":1531.712,"endTime":1533.143,"body":"or other podcasts to listen to."},{"speaker":"Flint Jamison","startTime":1533.153,"endTime":1533.333,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1533.381,"endTime":1534.491,"body":"Definitely appreciate that."},{"speaker":"Average Joe Finances","startTime":1534.941,"endTime":1535.571,"body":"All right, Flint."},{"speaker":"Average Joe Finances","startTime":1535.608,"endTime":1536.938,"body":"This was super awesome, man."},{"speaker":"Average Joe Finances","startTime":1537.008,"endTime":1538.268,"body":"Definitely educational."},{"speaker":"Average Joe Finances","startTime":1538.435,"endTime":1542.667,"body":"I learned a little bit more on the"},{"speaker":"Average Joe Finances","startTime":1538.435,"endTime":1542.667,"body":"built to rent side of the house, and"},{"speaker":"Average Joe Finances","startTime":1542.667,"endTime":1546.547,"body":"I'm glad we got to talk about that"},{"speaker":"Average Joe Finances","startTime":1542.667,"endTime":1546.547,"body":"more than just a passing conversation."},{"speaker":"Average Joe Finances","startTime":1546.547,"endTime":1548.054,"body":"So I think I think that's really good."},{"speaker":"Average Joe Finances","startTime":1548.054,"endTime":1549.636,"body":"So I appreciate your thoughts on that."},{"speaker":"Flint Jamison","startTime":1549.836,"endTime":1550.606,"body":"Yeah, thanks."},{"speaker":"Average Joe Finances","startTime":1550.706,"endTime":1553.766,"body":"And one more final"},{"speaker":"Average Joe Finances","startTime":1550.706,"endTime":1553.766,"body":"question, and this is probably the most"},{"speaker":"Average Joe Finances","startTime":1554.006,"endTime":1558.795,"body":"important question of all, and that"},{"speaker":"Average Joe Finances","startTime":1554.006,"endTime":1558.795,"body":"is, we had this awesome conversation."},{"speaker":"Average Joe Finances","startTime":1559.035,"endTime":1562.588,"body":"People were like, man, I got to learn"},{"speaker":"Average Joe Finances","startTime":1559.035,"endTime":1562.588,"body":"about build to rent and I wanna know more"},{"speaker":"Average Joe Finances","startTime":1562.588,"endTime":1564.718,"body":"about Flint and what he's doing with this."},{"speaker":"Average Joe Finances","startTime":1564.958,"endTime":1567.748,"body":"So if you could, where can people"},{"speaker":"Average Joe Finances","startTime":1564.958,"endTime":1567.748,"body":"find more information about you?"},{"speaker":"Average Joe Finances","startTime":1567.748,"endTime":1570.508,"body":"Do you have a website, social"},{"speaker":"Average Joe Finances","startTime":1567.748,"endTime":1570.508,"body":"media, anything like that"},{"speaker":"Average Joe Finances","startTime":1570.508,"endTime":1571.288,"body":"you could share with us?"},{"speaker":"Flint Jamison","startTime":1571.288,"endTime":1571.558,"body":"Absolutely."},{"speaker":"Flint Jamison","startTime":1571.568,"endTime":1574.468,"body":"To learn more about Build to"},{"speaker":"Flint Jamison","startTime":1571.568,"endTime":1574.468,"body":"rent, I think it's easiest just"},{"speaker":"Flint Jamison","startTime":1574.468,"endTime":1575.938,"body":"to sign up on my investor club."},{"speaker":"Flint Jamison","startTime":1576.028,"endTime":1580.239,"body":"It's at vestuscapital.com,"},{"speaker":"Flint Jamison","startTime":1576.028,"endTime":1580.239,"body":"V E S T U S capital.com."},{"speaker":"Flint Jamison","startTime":1580.254,"endTime":1583.856,"body":"If you prefer social media, I'm"},{"speaker":"Flint Jamison","startTime":1580.254,"endTime":1583.856,"body":"on LinkedIn all the time and I'm"},{"speaker":"Flint Jamison","startTime":1583.856,"endTime":1585.596,"body":"pumping out lots of education."},{"speaker":"Flint Jamison","startTime":1585.626,"endTime":1589.296,"body":"It's just linkedin.com/flintjamison."},{"speaker":"Average Joe Finances","startTime":1589.598,"endTime":1589.808,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1589.808,"endTime":1590.198,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1590.198,"endTime":1592.898,"body":"I will make sure I have those"},{"speaker":"Average Joe Finances","startTime":1590.198,"endTime":1592.898,"body":"links in the show notes."},{"speaker":"Average Joe Finances","startTime":1592.898,"endTime":1595.058,"body":"Make it easier for everybody"},{"speaker":"Average Joe Finances","startTime":1592.898,"endTime":1595.058,"body":"that's listening right now."},{"speaker":"Average Joe Finances","startTime":1595.328,"endTime":1597.308,"body":"You can copy and paste or click away."},{"speaker":"Average Joe Finances","startTime":1597.308,"endTime":1597.998,"body":"Just don't do it."},{"speaker":"Average Joe Finances","startTime":1598.003,"endTime":1599.988,"body":"If you're driving right now,"},{"speaker":"Average Joe Finances","startTime":1598.003,"endTime":1599.988,"body":"please just don't do it."},{"speaker":"Average Joe Finances","startTime":1599.988,"endTime":1600.722,"body":"Definitely appreciate it."},{"speaker":"Average Joe Finances","startTime":1600.722,"endTime":1603.752,"body":"Hey, Flint, this has been"},{"speaker":"Average Joe Finances","startTime":1600.722,"endTime":1603.752,"body":"an awesome conversation."},{"speaker":"Average Joe Finances","startTime":1603.755,"endTime":1605.42,"body":"Thank you so much for"},{"speaker":"Average Joe Finances","startTime":1603.755,"endTime":1605.42,"body":"joining me on the show today."},{"speaker":"Flint Jamison","startTime":1606.515,"endTime":1607.295,"body":"It's been great."},{"speaker":"Flint Jamison","startTime":1607.505,"endTime":1607.775,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":1607.775,"endTime":1608.54,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1608.57,"endTime":1611.81,"body":"Hey, and to my listeners, thank"},{"speaker":"Average Joe Finances","startTime":1608.57,"endTime":1611.81,"body":"you so much for joining me and our"},{"speaker":"Average Joe Finances","startTime":1611.81,"endTime":1615.47,"body":"special guest, Flint Jamison, on"},{"speaker":"Average Joe Finances","startTime":1611.81,"endTime":1615.47,"body":"the Average Joe Finances Podcast."},{"speaker":"Average Joe Finances","startTime":1615.83,"endTime":1619.397,"body":"Go leave us a five star review and"},{"speaker":"Average Joe Finances","startTime":1615.83,"endTime":1619.397,"body":"tell us what you liked about today's"},{"speaker":"Average Joe Finances","startTime":1619.397,"endTime":1623.227,"body":"episode with Flint and Aloha from"},{"speaker":"Average Joe Finances","startTime":1619.397,"endTime":1623.227,"body":"Hawaii have a great rest of your day."}]}