{"version":"1.0.0","segments":[{"speaker":"Mike Cavaggioni","startTime":0.24,"endTime":4.95,"body":"This is Average"},{"speaker":"Mike Cavaggioni","startTime":0.24,"endTime":4.95,"body":"Joe Finances podcast episode 52."},{"speaker":"Mike Cavaggioni","startTime":5.19,"endTime":7.98,"body":"If you're watching this on"},{"speaker":"Mike Cavaggioni","startTime":5.19,"endTime":7.98,"body":"YouTube, make sure you smash"},{"speaker":"Mike Cavaggioni","startTime":7.98,"endTime":10.83,"body":"that like button and click"},{"speaker":"Mike Cavaggioni","startTime":7.98,"endTime":10.83,"body":"subscribe. For those of you"},{"speaker":"Mike Cavaggioni","startTime":10.83,"endTime":14.49,"body":"listening on a podcast platform,"},{"speaker":"Mike Cavaggioni","startTime":10.83,"endTime":14.49,"body":"be sure to subscribe on whatever"},{"speaker":"Mike Cavaggioni","startTime":14.49,"endTime":18.15,"body":"platform that is, and leave us a"},{"speaker":"Mike Cavaggioni","startTime":14.49,"endTime":18.15,"body":"rating if you can. The more"},{"speaker":"Mike Cavaggioni","startTime":18.15,"endTime":21.12,"body":"likes ratings and subscriptions"},{"speaker":"Mike Cavaggioni","startTime":18.15,"endTime":21.12,"body":"that we get, the more we can"},{"speaker":"Mike Cavaggioni","startTime":21.12,"endTime":24.66,"body":"spread the message and grow our"},{"speaker":"Mike Cavaggioni","startTime":21.12,"endTime":24.66,"body":"community. So we also have a"},{"speaker":"Mike Cavaggioni","startTime":24.66,"endTime":28.32,"body":"free Facebook group. It's called"},{"speaker":"Mike Cavaggioni","startTime":24.66,"endTime":28.32,"body":"the Average Joe Finances"},{"speaker":"Mike Cavaggioni","startTime":28.32,"endTime":31.95,"body":"network. Check us out, join the"},{"speaker":"Mike Cavaggioni","startTime":28.32,"endTime":31.95,"body":"group, join the community ask"},{"speaker":"Mike Cavaggioni","startTime":31.95,"endTime":35.52,"body":"questions, and to come up part"},{"speaker":"Mike Cavaggioni","startTime":31.95,"endTime":35.52,"body":"of the team. All of our other"},{"speaker":"Mike Cavaggioni","startTime":35.52,"endTime":38.64,"body":"social media accounts are listed"},{"speaker":"Mike Cavaggioni","startTime":35.52,"endTime":38.64,"body":"in our flow page. And we have"},{"speaker":"Mike Cavaggioni","startTime":38.64,"endTime":41.88,"body":"them in the video or podcast"},{"speaker":"Mike Cavaggioni","startTime":38.64,"endTime":41.88,"body":"description below."},{"speaker":"Prashant Kumar","startTime":42.09,"endTime":44.67,"body":"And the"},{"speaker":"Prashant Kumar","startTime":42.09,"endTime":44.67,"body":"important thing is be blessed"},{"speaker":"Prashant Kumar","startTime":44.85,"endTime":48.87,"body":"that you've read it now now"},{"speaker":"Prashant Kumar","startTime":44.85,"endTime":48.87,"body":"means now is the right time to"},{"speaker":"Prashant Kumar","startTime":48.87,"endTime":52.2,"body":"get it there is no tomorrow by"},{"speaker":"Prashant Kumar","startTime":48.87,"endTime":52.2,"body":"glad that you get this equation"},{"speaker":"Prashant Kumar","startTime":52.2,"endTime":55.32,"body":"right now in your head and start"},{"speaker":"Prashant Kumar","startTime":52.2,"endTime":55.32,"body":"acting upon it."},{"speaker":"Average Joe Finances","startTime":56.73,"endTime":59.28,"body":"Welcome to"},{"speaker":"Average Joe Finances","startTime":56.73,"endTime":59.28,"body":"the Average Joe Finances"},{"speaker":"Average Joe Finances","startTime":59.28,"endTime":63.81,"body":"podcast. Are you trying to get"},{"speaker":"Average Joe Finances","startTime":59.28,"endTime":63.81,"body":"out of debt, invest or just not"},{"speaker":"Average Joe Finances","startTime":63.81,"endTime":66.99,"body":"sure where to start? Then this"},{"speaker":"Average Joe Finances","startTime":63.81,"endTime":66.99,"body":"is the place for you. We"},{"speaker":"Average Joe Finances","startTime":66.99,"endTime":70.26,"body":"discussed different ways to get"},{"speaker":"Average Joe Finances","startTime":66.99,"endTime":70.26,"body":"out of the rat race and build"},{"speaker":"Average Joe Finances","startTime":70.26,"endTime":74.61,"body":"your wealth. Join us on this"},{"speaker":"Average Joe Finances","startTime":70.26,"endTime":74.61,"body":"wild ride to financial freedom."},{"speaker":"Mike Cavaggioni","startTime":75.39,"endTime":76.95,"body":"Alright, hey,"},{"speaker":"Mike Cavaggioni","startTime":75.39,"endTime":76.95,"body":"how's it going everybody? So"},{"speaker":"Mike Cavaggioni","startTime":76.95,"endTime":81.12,"body":"today our guest is Prashant"},{"speaker":"Mike Cavaggioni","startTime":76.95,"endTime":81.12,"body":"Kumar, and He's the owner of my"},{"speaker":"Mike Cavaggioni","startTime":81.15,"endTime":84.6,"body":"realty gains. His passion is to"},{"speaker":"Mike Cavaggioni","startTime":81.15,"endTime":84.6,"body":"assist the ultra busy"},{"speaker":"Mike Cavaggioni","startTime":84.6,"endTime":88.56,"body":"professionals and identify great"},{"speaker":"Mike Cavaggioni","startTime":84.6,"endTime":88.56,"body":"investment opportunities to"},{"speaker":"Mike Cavaggioni","startTime":88.56,"endTime":92.07,"body":"provide stable cash flow and"},{"speaker":"Mike Cavaggioni","startTime":88.56,"endTime":92.07,"body":"long term capital appreciation"},{"speaker":"Mike Cavaggioni","startTime":92.07,"endTime":95.91,"body":"by purchasing those assets."},{"speaker":"Mike Cavaggioni","startTime":92.07,"endTime":95.91,"body":"Prashant has acquired and manage"},{"speaker":"Mike Cavaggioni","startTime":95.91,"endTime":100.11,"body":"over $32 million in real estate"},{"speaker":"Mike Cavaggioni","startTime":95.91,"endTime":100.11,"body":"and Prashant has also appeared"},{"speaker":"Mike Cavaggioni","startTime":100.11,"endTime":103.95,"body":"in many podcasts, and he runs"},{"speaker":"Mike Cavaggioni","startTime":100.11,"endTime":103.95,"body":"webinars and meetups. He also"},{"speaker":"Mike Cavaggioni","startTime":103.95,"endTime":106.44,"body":"writes blogs on real estate"},{"speaker":"Mike Cavaggioni","startTime":103.95,"endTime":106.44,"body":"investing and speaks on this"},{"speaker":"Mike Cavaggioni","startTime":106.44,"endTime":110.97,"body":"subject across the country. So"},{"speaker":"Mike Cavaggioni","startTime":106.44,"endTime":110.97,"body":"Prashant really humbled that you"},{"speaker":"Mike Cavaggioni","startTime":111.18,"endTime":113.01,"body":"that you're coming on the show"},{"speaker":"Mike Cavaggioni","startTime":111.18,"endTime":113.01,"body":"with me today. Thanks for"},{"speaker":"Mike Cavaggioni","startTime":113.01,"endTime":113.76,"body":"joining us."},{"speaker":"Prashant Kumar","startTime":113.88,"endTime":116.34,"body":"Mike, thanks for"},{"speaker":"Prashant Kumar","startTime":113.88,"endTime":116.34,"body":"having me. Honor is all mine"},{"speaker":"Prashant Kumar","startTime":116.34,"endTime":119.13,"body":"that you are in you have invited"},{"speaker":"Prashant Kumar","startTime":116.34,"endTime":119.13,"body":"me. Alright, awesome. Well, hey,"},{"speaker":"Prashant Kumar","startTime":119.13,"endTime":122.49,"body":"thank you for that, you know,"},{"speaker":"Prashant Kumar","startTime":119.13,"endTime":122.49,"body":"it's with with your background"},{"speaker":"Prashant Kumar","startTime":122.49,"endTime":124.41,"body":"and everything that you're"},{"speaker":"Prashant Kumar","startTime":122.49,"endTime":124.41,"body":"doing. And also, you're from"},{"speaker":"Prashant Kumar","startTime":124.71,"endTime":127.29,"body":"pretty much my hometown, the"},{"speaker":"Prashant Kumar","startTime":124.71,"endTime":127.29,"body":"next town over over there in"},{"speaker":"Prashant Kumar","startTime":127.29,"endTime":130.8,"body":"Ronkonkoma. I'm from Central"},{"speaker":"Prashant Kumar","startTime":127.29,"endTime":130.8,"body":"Islip, New York. So it's really"},{"speaker":"Prashant Kumar","startTime":130.8,"endTime":134.79,"body":"cool to talk to somebody back in"},{"speaker":"Prashant Kumar","startTime":130.8,"endTime":134.79,"body":"the 631 that knows what good"},{"speaker":"Prashant Kumar","startTime":134.79,"endTime":137.76,"body":"bagels and pizza tastes like,"},{"speaker":"Prashant Kumar","startTime":134.79,"endTime":137.76,"body":"That is correct. You know, I can"},{"speaker":"Prashant Kumar","startTime":137.79,"endTime":141.12,"body":"I can imagine, you know, if you"},{"speaker":"Prashant Kumar","startTime":137.79,"endTime":141.12,"body":"are from this area, you must"},{"speaker":"Prashant Kumar","startTime":141.12,"endTime":144.57,"body":"have eaten pizza, you know, at"},{"speaker":"Prashant Kumar","startTime":141.12,"endTime":144.57,"body":"the place, which you told me"},{"speaker":"Prashant Kumar","startTime":144.57,"endTime":148.98,"body":"about? Oh, yeah, a little bit."},{"speaker":"Prashant Kumar","startTime":144.57,"endTime":148.98,"body":"It's my favorite spot. So"},{"speaker":"Prashant Kumar","startTime":148.98,"endTime":152.16,"body":"awesome. So, hey, so uh, besides"},{"speaker":"Prashant Kumar","startTime":148.98,"endTime":152.16,"body":"your background, I'm gonna go"},{"speaker":"Prashant Kumar","startTime":152.16,"endTime":154.74,"body":"ahead and start this off the way"},{"speaker":"Prashant Kumar","startTime":152.16,"endTime":154.74,"body":"I like to start all my podcast"},{"speaker":"Prashant Kumar","startTime":154.74,"endTime":157.56,"body":"is, you know, we'd like to know"},{"speaker":"Prashant Kumar","startTime":154.74,"endTime":157.56,"body":"a little bit more about you. So"},{"speaker":"Prashant Kumar","startTime":157.56,"endTime":160.47,"body":"besides what I just talked"},{"speaker":"Prashant Kumar","startTime":157.56,"endTime":160.47,"body":"about, what can you share with"},{"speaker":"Prashant Kumar","startTime":160.47,"endTime":163.65,"body":"us about your story, what what"},{"speaker":"Prashant Kumar","startTime":160.47,"endTime":163.65,"body":"it all start For you see, I'm"},{"speaker":"Prashant Kumar","startTime":163.65,"endTime":168.84,"body":"almost full time real estate,"},{"speaker":"Prashant Kumar","startTime":163.65,"endTime":168.84,"body":"investor and syndicator. I come"},{"speaker":"Prashant Kumar","startTime":168.84,"endTime":172.86,"body":"from a very humble background."},{"speaker":"Prashant Kumar","startTime":168.84,"endTime":172.86,"body":"You know, I come from India, of"},{"speaker":"Prashant Kumar","startTime":172.86,"endTime":178.17,"body":"course, I came here in 1998. And"},{"speaker":"Prashant Kumar","startTime":172.86,"endTime":178.17,"body":"ever since, you know, I've"},{"speaker":"Prashant Kumar","startTime":178.17,"endTime":181.83,"body":"worked in corporate world. And"},{"speaker":"Prashant Kumar","startTime":178.17,"endTime":181.83,"body":"the one thing I have realized"},{"speaker":"Prashant Kumar","startTime":181.86,"endTime":185.55,"body":"is, you know, when I'm working,"},{"speaker":"Prashant Kumar","startTime":181.86,"endTime":185.55,"body":"I'm getting paid. And when I"},{"speaker":"Prashant Kumar","startTime":185.55,"endTime":189.48,"body":"don't work, I don't get paid. So"},{"speaker":"Prashant Kumar","startTime":185.55,"endTime":189.48,"body":"it's like trading your time, you"},{"speaker":"Prashant Kumar","startTime":189.48,"endTime":193.11,"body":"don't realize it in the earlier"},{"speaker":"Prashant Kumar","startTime":189.48,"endTime":193.11,"body":"part of your career. And it's"},{"speaker":"Prashant Kumar","startTime":193.11,"endTime":197.76,"body":"almost a blessing for those who,"},{"speaker":"Prashant Kumar","startTime":193.11,"endTime":197.76,"body":"who are realizing it now, that"},{"speaker":"Prashant Kumar","startTime":197.94,"endTime":202.53,"body":"if you are trading your time for"},{"speaker":"Prashant Kumar","startTime":197.94,"endTime":202.53,"body":"money, you are you are going to"},{"speaker":"Prashant Kumar","startTime":202.53,"endTime":205.14,"body":"be without money when you are"},{"speaker":"Prashant Kumar","startTime":202.53,"endTime":205.14,"body":"not working. You know, it is"},{"speaker":"Prashant Kumar","startTime":205.14,"endTime":208.56,"body":"almost a blessing to realize"},{"speaker":"Prashant Kumar","startTime":205.14,"endTime":208.56,"body":"that at an early stage, for me,"},{"speaker":"Prashant Kumar","startTime":208.56,"endTime":212.55,"body":"it happened at a later time in"},{"speaker":"Prashant Kumar","startTime":208.56,"endTime":212.55,"body":"my career, almost after 20"},{"speaker":"Prashant Kumar","startTime":212.55,"endTime":217.08,"body":"years. In my corporate world,"},{"speaker":"Prashant Kumar","startTime":212.55,"endTime":217.08,"body":"you know, I manage people all"},{"speaker":"Prashant Kumar","startTime":217.08,"endTime":221.55,"body":"over the world. And I do in a"},{"speaker":"Prashant Kumar","startTime":217.08,"endTime":221.55,"body":"lot of big things. But when I"},{"speaker":"Prashant Kumar","startTime":221.55,"endTime":225.03,"body":"don't work, I don't get paid. So"},{"speaker":"Prashant Kumar","startTime":221.55,"endTime":225.03,"body":"I had to get into something"},{"speaker":"Prashant Kumar","startTime":225.72,"endTime":229.92,"body":"where you know, where I'm making"},{"speaker":"Prashant Kumar","startTime":225.72,"endTime":229.92,"body":"money even when I'm sleeping?"},{"speaker":"Prashant Kumar","startTime":230.01,"endTime":232.92,"body":"You heard all everybody's saying"},{"speaker":"Prashant Kumar","startTime":230.01,"endTime":232.92,"body":"that, you know, if you're not,"},{"speaker":"Prashant Kumar","startTime":233.19,"endTime":235.56,"body":"if you're not making money while"},{"speaker":"Prashant Kumar","startTime":233.19,"endTime":235.56,"body":"you're sleeping, you will be"},{"speaker":"Prashant Kumar","startTime":235.56,"endTime":239.46,"body":"working till your till you die."},{"speaker":"Prashant Kumar","startTime":235.56,"endTime":239.46,"body":"Right? So right. Warren Buffett"},{"speaker":"Prashant Kumar","startTime":239.46,"endTime":243.84,"body":"said that, so it kind of stuck"},{"speaker":"Prashant Kumar","startTime":239.46,"endTime":243.84,"body":"to me. And at the same time, I"},{"speaker":"Prashant Kumar","startTime":243.84,"endTime":247.26,"body":"wanted to get into something"},{"speaker":"Prashant Kumar","startTime":243.84,"endTime":247.26,"body":"which is more fundamental,"},{"speaker":"Prashant Kumar","startTime":247.35,"endTime":251.07,"body":"right? What the basic necessity"},{"speaker":"Prashant Kumar","startTime":247.35,"endTime":251.07,"body":"rather than reinventing the"},{"speaker":"Prashant Kumar","startTime":251.07,"endTime":254.79,"body":"wheel. I wanted to get into"},{"speaker":"Prashant Kumar","startTime":251.07,"endTime":254.79,"body":"tangible asset. What are the"},{"speaker":"Prashant Kumar","startTime":254.79,"endTime":259.77,"body":"basic needs of human beings in"},{"speaker":"Prashant Kumar","startTime":254.79,"endTime":259.77,"body":"abroad, shelter and food 30"},{"speaker":"Prashant Kumar","startTime":259.77,"endTime":263.1,"body":"things right? I mean, I'm not"},{"speaker":"Prashant Kumar","startTime":259.77,"endTime":263.1,"body":"going into clothing business,"},{"speaker":"Prashant Kumar","startTime":263.1,"endTime":267.78,"body":"I'm not going to food business"},{"speaker":"Prashant Kumar","startTime":263.1,"endTime":267.78,"body":"so I said let me get into real"},{"speaker":"Prashant Kumar","startTime":267.78,"endTime":271.77,"body":"estate because nobody can snatch"},{"speaker":"Prashant Kumar","startTime":267.78,"endTime":271.77,"body":"it from me. It is it is a real"},{"speaker":"Prashant Kumar","startTime":271.77,"endTime":276.18,"body":"asset real tangible asset. And"},{"speaker":"Prashant Kumar","startTime":271.77,"endTime":276.18,"body":"it always grown. You know I've"},{"speaker":"Prashant Kumar","startTime":276.18,"endTime":281.85,"body":"seen it years or years 2030"},{"speaker":"Prashant Kumar","startTime":276.18,"endTime":281.85,"body":"years it always as long as you"},{"speaker":"Prashant Kumar","startTime":281.88,"endTime":286.38,"body":"you do it correctly, in that I"},{"speaker":"Prashant Kumar","startTime":281.88,"endTime":286.38,"body":"realized that I should get into"},{"speaker":"Prashant Kumar","startTime":286.38,"endTime":290.88,"body":"real estate I started doing some"},{"speaker":"Prashant Kumar","startTime":286.38,"endTime":290.88,"body":"single families, but then I"},{"speaker":"Prashant Kumar","startTime":291.06,"endTime":293.94,"body":"immediately jumped into"},{"speaker":"Prashant Kumar","startTime":291.06,"endTime":293.94,"body":"multifamily. No like right away"},{"speaker":"Prashant Kumar","startTime":293.94,"endTime":297.42,"body":"within six months I realized"},{"speaker":"Prashant Kumar","startTime":293.94,"endTime":297.42,"body":"that single family is not my cup"},{"speaker":"Prashant Kumar","startTime":297.42,"endTime":300.3,"body":"of tea, even though I bought"},{"speaker":"Prashant Kumar","startTime":297.42,"endTime":300.3,"body":"please and grow families. Six"},{"speaker":"Prashant Kumar","startTime":300.3,"endTime":305.01,"body":"months, I realized it's not"},{"speaker":"Prashant Kumar","startTime":300.3,"endTime":305.01,"body":"worth my time because all I get"},{"speaker":"Prashant Kumar","startTime":305.28,"endTime":309.63,"body":"our I was getting was 100 $200"},{"speaker":"Prashant Kumar","startTime":305.28,"endTime":309.63,"body":"from one single family investing"},{"speaker":"Prashant Kumar","startTime":309.66,"endTime":312.93,"body":"too much time for me to"},{"speaker":"Prashant Kumar","startTime":309.66,"endTime":312.93,"body":"purchase. I bought one"},{"speaker":"Prashant Kumar","startTime":313.14,"endTime":318.63,"body":"multifamily condo unit in 18"},{"speaker":"Prashant Kumar","startTime":313.14,"endTime":318.63,"body":"days, and I was like mine, you"},{"speaker":"Prashant Kumar","startTime":318.63,"endTime":322.68,"body":"know, and I started getting like"},{"speaker":"Prashant Kumar","startTime":318.63,"endTime":322.68,"body":"$2,000 cash flow out of it right"},{"speaker":"Prashant Kumar","startTime":322.68,"endTime":326.58,"body":"away. So that kind of opened me"},{"speaker":"Prashant Kumar","startTime":322.68,"endTime":326.58,"body":"up into multifamily. And it's"},{"speaker":"Prashant Kumar","startTime":326.58,"endTime":330.48,"body":"not just I do it for myself, you"},{"speaker":"Prashant Kumar","startTime":326.58,"endTime":330.48,"body":"know, at some point you realize"},{"speaker":"Prashant Kumar","startTime":330.48,"endTime":333.63,"body":"that yes, you are doing it for"},{"speaker":"Prashant Kumar","startTime":330.48,"endTime":333.63,"body":"yourself, then I went into"},{"speaker":"Prashant Kumar","startTime":333.63,"endTime":338.67,"body":"syndication, the basic idea is,"},{"speaker":"Prashant Kumar","startTime":333.63,"endTime":338.67,"body":"you know, I get into this I got"},{"speaker":"Prashant Kumar","startTime":338.67,"endTime":342.45,"body":"into these businesses I you"},{"speaker":"Prashant Kumar","startTime":338.67,"endTime":342.45,"body":"know, yes, I'm making money, but"},{"speaker":"Prashant Kumar","startTime":342.45,"endTime":345.96,"body":"at the same time, I am helping"},{"speaker":"Prashant Kumar","startTime":342.45,"endTime":345.96,"body":"others also to make money, the"},{"speaker":"Prashant Kumar","startTime":345.96,"endTime":350.55,"body":"lot of people who are who have a"},{"speaker":"Prashant Kumar","startTime":345.96,"endTime":350.55,"body":"lot of money and they do not"},{"speaker":"Prashant Kumar","startTime":350.55,"endTime":353.16,"body":"have time to manage that money,"},{"speaker":"Prashant Kumar","startTime":350.55,"endTime":353.16,"body":"right, they give it to a"},{"speaker":"Prashant Kumar","startTime":353.16,"endTime":357.15,"body":"financial advisor, or what"},{"speaker":"Prashant Kumar","startTime":353.16,"endTime":357.15,"body":"happens a financial advisor"},{"speaker":"Prashant Kumar","startTime":357.15,"endTime":360.45,"body":"makes more money on their money,"},{"speaker":"Prashant Kumar","startTime":357.15,"endTime":360.45,"body":"and they end up getting five 6%"},{"speaker":"Prashant Kumar","startTime":360.84,"endTime":364.5,"body":"or even less, you know, or a"},{"speaker":"Prashant Kumar","startTime":360.84,"endTime":364.5,"body":"period of time, multifamily"},{"speaker":"Prashant Kumar","startTime":364.5,"endTime":369.63,"body":"syndication is a is a business"},{"speaker":"Prashant Kumar","startTime":364.5,"endTime":369.63,"body":"in which you are we I mean, the"},{"speaker":"Prashant Kumar","startTime":369.63,"endTime":374.52,"body":"investors get almost all the"},{"speaker":"Prashant Kumar","startTime":369.63,"endTime":374.52,"body":"returns, you know, not not 100%"},{"speaker":"Prashant Kumar","startTime":374.85,"endTime":378.93,"body":"of course, almost all the cash"},{"speaker":"Prashant Kumar","startTime":374.85,"endTime":378.93,"body":"flow investors get and towards"},{"speaker":"Prashant Kumar","startTime":378.93,"endTime":385.5,"body":"the end, the split happens, you"},{"speaker":"Prashant Kumar","startTime":378.93,"endTime":385.5,"body":"know, 7030 or 8020 investors are"},{"speaker":"Prashant Kumar","startTime":385.5,"endTime":389.43,"body":"able to make as much as 15 to"},{"speaker":"Prashant Kumar","startTime":385.5,"endTime":389.43,"body":"20% return on their money"},{"speaker":"Prashant Kumar","startTime":389.43,"endTime":394.59,"body":"analyzed. And we with To me, it"},{"speaker":"Prashant Kumar","startTime":389.43,"endTime":394.59,"body":"is no brainer, I invest my money"},{"speaker":"Prashant Kumar","startTime":394.59,"endTime":397.95,"body":"with other syndicators all the"},{"speaker":"Prashant Kumar","startTime":394.59,"endTime":397.95,"body":"time, I mean, all the time,"},{"speaker":"Prashant Kumar","startTime":397.98,"endTime":402.24,"body":"because I want to create at"},{"speaker":"Prashant Kumar","startTime":397.98,"endTime":402.24,"body":"least 10 15% return on my money."},{"speaker":"Prashant Kumar","startTime":402.6,"endTime":407.19,"body":"And this vehicle gives me that"},{"speaker":"Prashant Kumar","startTime":402.6,"endTime":407.19,"body":"capability. If I do a"},{"speaker":"Prashant Kumar","startTime":407.22,"endTime":410.91,"body":"syndication deal, I'm able to"},{"speaker":"Prashant Kumar","startTime":407.22,"endTime":410.91,"body":"create that much return for my"},{"speaker":"Prashant Kumar","startTime":410.91,"endTime":414.81,"body":"investors. And not just"},{"speaker":"Prashant Kumar","startTime":410.91,"endTime":414.81,"body":"investor, my friends, my family,"},{"speaker":"Prashant Kumar","startTime":414.81,"endTime":418.17,"body":"everybody, you know, it's not"},{"speaker":"Prashant Kumar","startTime":414.81,"endTime":418.17,"body":"just, you know, I have a"},{"speaker":"Prashant Kumar","startTime":418.17,"endTime":422.82,"body":"relationship with investors,"},{"speaker":"Prashant Kumar","startTime":418.17,"endTime":422.82,"body":"those who are my investors are"},{"speaker":"Prashant Kumar","startTime":422.82,"endTime":426.51,"body":"my family, my sisters, my"},{"speaker":"Prashant Kumar","startTime":422.82,"endTime":426.51,"body":"brothers, you know, everybody in"},{"speaker":"Prashant Kumar","startTime":426.51,"endTime":430.35,"body":"the family invest with me. And,"},{"speaker":"Prashant Kumar","startTime":426.51,"endTime":430.35,"body":"and they, they just love it, you"},{"speaker":"Prashant Kumar","startTime":430.35,"endTime":435.15,"body":"know. So overall, overall, I"},{"speaker":"Prashant Kumar","startTime":430.35,"endTime":435.15,"body":"mean, that is my background, I"},{"speaker":"Prashant Kumar","startTime":435.15,"endTime":437.85,"body":"come from a very humble"},{"speaker":"Prashant Kumar","startTime":435.15,"endTime":437.85,"body":"background, as I said, my basic"},{"speaker":"Prashant Kumar","startTime":437.85,"endTime":442.29,"body":"idea is to help. That's why I'm"},{"speaker":"Prashant Kumar","startTime":437.85,"endTime":442.29,"body":"into multifamily, where I'm"},{"speaker":"Prashant Kumar","startTime":442.29,"endTime":444.84,"body":"helping the busy professionals"},{"speaker":"Prashant Kumar","startTime":442.29,"endTime":444.84,"body":"at the same time, I'm into"},{"speaker":"Prashant Kumar","startTime":444.84,"endTime":449.34,"body":"assisted living also. So I'm"},{"speaker":"Prashant Kumar","startTime":444.84,"endTime":449.34,"body":"trying to help elderly people,"},{"speaker":"Prashant Kumar","startTime":449.49,"endTime":452.91,"body":"money will come but but the"},{"speaker":"Prashant Kumar","startTime":449.49,"endTime":452.91,"body":"bottom line is I'm trying to"},{"speaker":"Prashant Kumar","startTime":452.91,"endTime":456.54,"body":"create an environment from for"},{"speaker":"Prashant Kumar","startTime":452.91,"endTime":456.54,"body":"elderly, I'm creating an"},{"speaker":"Prashant Kumar","startTime":456.54,"endTime":459.81,"body":"environment for for those"},{"speaker":"Prashant Kumar","startTime":456.54,"endTime":459.81,"body":"elderly folks, when they come"},{"speaker":"Prashant Kumar","startTime":459.81,"endTime":464.37,"body":"into our facility, they extend"},{"speaker":"Prashant Kumar","startTime":459.81,"endTime":464.37,"body":"their lives in less than one"},{"speaker":"Prashant Kumar","startTime":464.37,"endTime":467.76,"body":"hour. And I'm trying to create"},{"speaker":"Prashant Kumar","startTime":464.37,"endTime":467.76,"body":"for them. In addition to that, I"},{"speaker":"Prashant Kumar","startTime":467.76,"endTime":471.99,"body":"mean, I'm into meditation, also,"},{"speaker":"Prashant Kumar","startTime":467.76,"endTime":471.99,"body":"I spend a lot of time helping"},{"speaker":"Prashant Kumar","startTime":472.05,"endTime":476.82,"body":"others to gain peace. And that"},{"speaker":"Prashant Kumar","startTime":472.05,"endTime":476.82,"body":"is all free of charge. So from"},{"speaker":"Prashant Kumar","startTime":476.82,"endTime":481.44,"body":"three different level, you know,"},{"speaker":"Prashant Kumar","startTime":476.82,"endTime":481.44,"body":"I'm, you know, I am trying to"},{"speaker":"Prashant Kumar","startTime":481.44,"endTime":482.58,"body":"give back to the Lord."},{"speaker":"Mike Cavaggioni","startTime":482.69,"endTime":484.67,"body":"Wow, I really"},{"speaker":"Mike Cavaggioni","startTime":482.69,"endTime":484.67,"body":"like that. That's, that's"},{"speaker":"Mike Cavaggioni","startTime":484.67,"endTime":488.9,"body":"commendable. And so actually, I"},{"speaker":"Mike Cavaggioni","startTime":484.67,"endTime":488.9,"body":"want to ask you something,"},{"speaker":"Mike Cavaggioni","startTime":488.93,"endTime":491.06,"body":"before I get into the other"},{"speaker":"Mike Cavaggioni","startTime":488.93,"endTime":491.06,"body":"questions I wanted to ask, but"},{"speaker":"Mike Cavaggioni","startTime":491.15,"endTime":495.53,"body":"so the assisted living. So how"},{"speaker":"Mike Cavaggioni","startTime":491.15,"endTime":495.53,"body":"does that work? So do you hire"},{"speaker":"Mike Cavaggioni","startTime":495.53,"endTime":501.2,"body":"like, medical professionals or"},{"speaker":"Mike Cavaggioni","startTime":495.53,"endTime":501.2,"body":"caretakers that will work in the"},{"speaker":"Mike Cavaggioni","startTime":501.2,"endTime":503.96,"body":"property that you purchased? So"},{"speaker":"Mike Cavaggioni","startTime":501.2,"endTime":503.96,"body":"you're, you're acquiring the"},{"speaker":"Mike Cavaggioni","startTime":503.96,"endTime":508.04,"body":"asset, right? And then you"},{"speaker":"Mike Cavaggioni","startTime":503.96,"endTime":508.04,"body":"convert it to make it more"},{"speaker":"Mike Cavaggioni","startTime":508.04,"endTime":511.55,"body":"something that's easier for to"},{"speaker":"Mike Cavaggioni","startTime":508.04,"endTime":511.55,"body":"put the proper equipment in,"},{"speaker":"Mike Cavaggioni","startTime":511.55,"endTime":514.55,"body":"right, like Life Care equipment,"},{"speaker":"Mike Cavaggioni","startTime":511.55,"endTime":514.55,"body":"and things like that. And then"},{"speaker":"Mike Cavaggioni","startTime":514.55,"endTime":516.89,"body":"you hire a crew, like how does"},{"speaker":"Mike Cavaggioni","startTime":514.55,"endTime":516.89,"body":"that work"},{"speaker":"Prashant Kumar","startTime":516.92,"endTime":519.62,"body":"So assisted"},{"speaker":"Prashant Kumar","startTime":516.92,"endTime":519.62,"body":"living is primarily you know,"},{"speaker":"Prashant Kumar","startTime":519.65,"endTime":523.4,"body":"it's not a nursing home, right?"},{"speaker":"Prashant Kumar","startTime":519.65,"endTime":523.4,"body":"So you don't have the medical"},{"speaker":"Prashant Kumar","startTime":523.4,"endTime":528.47,"body":"facility there. It is a place"},{"speaker":"Prashant Kumar","startTime":523.4,"endTime":528.47,"body":"where the elderly come and live"},{"speaker":"Prashant Kumar","startTime":528.47,"endTime":532.13,"body":"with you live in that facility."},{"speaker":"Prashant Kumar","startTime":528.47,"endTime":532.13,"body":"So you don't have medical"},{"speaker":"Prashant Kumar","startTime":532.13,"endTime":536.81,"body":"equipment. So to say you will"},{"speaker":"Prashant Kumar","startTime":532.13,"endTime":536.81,"body":"have basic equipments very basic"},{"speaker":"Prashant Kumar","startTime":536.81,"endTime":541.55,"body":"stuff, there's nothing, not we"},{"speaker":"Prashant Kumar","startTime":536.81,"endTime":541.55,"body":"are not we do not administer we"},{"speaker":"Prashant Kumar","startTime":541.55,"endTime":544.91,"body":"only administer prescription"},{"speaker":"Prashant Kumar","startTime":541.55,"endTime":544.91,"body":"drugs we do not administer"},{"speaker":"Prashant Kumar","startTime":544.91,"endTime":550.13,"body":"anything else. So we hire him we"},{"speaker":"Prashant Kumar","startTime":544.91,"endTime":550.13,"body":"hire a management company. And"},{"speaker":"Prashant Kumar","startTime":550.13,"endTime":554.0,"body":"the management company hires"},{"speaker":"Prashant Kumar","startTime":550.13,"endTime":554.0,"body":"their staff and they manage the"},{"speaker":"Prashant Kumar","startTime":554.0,"endTime":559.16,"body":"manager show from our"},{"speaker":"Prashant Kumar","startTime":554.0,"endTime":559.16,"body":"perspective we are we are the"},{"speaker":"Prashant Kumar","startTime":559.22,"endTime":564.65,"body":"investors but I'm in return we"},{"speaker":"Prashant Kumar","startTime":559.22,"endTime":564.65,"body":"manage them to is not that we"},{"speaker":"Prashant Kumar","startTime":564.65,"endTime":567.83,"body":"just hands off, we don't talk to"},{"speaker":"Prashant Kumar","startTime":564.65,"endTime":567.83,"body":"them. We end up spending a lot"},{"speaker":"Prashant Kumar","startTime":567.83,"endTime":572.33,"body":"of time with them. We come up"},{"speaker":"Prashant Kumar","startTime":567.83,"endTime":572.33,"body":"with a strategy to decide what"},{"speaker":"Prashant Kumar","startTime":572.33,"endTime":580.16,"body":"is good what is best what is bad"},{"speaker":"Prashant Kumar","startTime":572.33,"endTime":580.16,"body":"overall. So it it is it I don't"},{"speaker":"Prashant Kumar","startTime":580.16,"endTime":582.74,"body":"know. I don't do that work."},{"speaker":"Prashant Kumar","startTime":580.16,"endTime":582.74,"body":"Because I'm not a medical"},{"speaker":"Prashant Kumar","startTime":582.74,"endTime":586.73,"body":"professional. I don't I don't"},{"speaker":"Prashant Kumar","startTime":582.74,"endTime":586.73,"body":"manage those people. My"},{"speaker":"Prashant Kumar","startTime":586.73,"endTime":590.42,"body":"management company manages them"},{"speaker":"Prashant Kumar","startTime":586.73,"endTime":590.42,"body":"basically."},{"speaker":"Mike Cavaggioni","startTime":590.66,"endTime":593.9,"body":"Okay, right on."},{"speaker":"Mike Cavaggioni","startTime":590.66,"endTime":593.9,"body":"Yeah. So for you it's it's still"},{"speaker":"Mike Cavaggioni","startTime":593.9,"endTime":596.51,"body":"kind of the same thing, right?"},{"speaker":"Mike Cavaggioni","startTime":593.9,"endTime":596.51,"body":"You're you're purchasing a piece"},{"speaker":"Mike Cavaggioni","startTime":596.51,"endTime":600.38,"body":"of real estate, you're hiring a"},{"speaker":"Mike Cavaggioni","startTime":596.51,"endTime":600.38,"body":"management company to take care"},{"speaker":"Mike Cavaggioni","startTime":600.38,"endTime":602.9,"body":"of it and it's more it's more"},{"speaker":"Mike Cavaggioni","startTime":600.38,"endTime":602.9,"body":"hands off for you. Right? It's"},{"speaker":"Mike Cavaggioni","startTime":602.9,"endTime":604.43,"body":"still it's still pretty passive."},{"speaker":"Prashant Kumar","startTime":604.76,"endTime":608.93,"body":"It is hands off,"},{"speaker":"Prashant Kumar","startTime":604.76,"endTime":608.93,"body":"but you know, you have to manage"},{"speaker":"Prashant Kumar","startTime":608.93,"endTime":612.41,"body":"them it is it is little bit"},{"speaker":"Prashant Kumar","startTime":608.93,"endTime":612.41,"body":"hands, more hands on them"},{"speaker":"Prashant Kumar","startTime":612.47,"endTime":616.91,"body":"multifamily, okay? The reason"},{"speaker":"Prashant Kumar","startTime":612.47,"endTime":616.91,"body":"is, we notice a business you are"},{"speaker":"Prashant Kumar","startTime":616.91,"endTime":620.81,"body":"running in multifamily, you, you"},{"speaker":"Prashant Kumar","startTime":616.91,"endTime":620.81,"body":"signed the lease, give it to the"},{"speaker":"Prashant Kumar","startTime":620.81,"endTime":625.1,"body":"tenant, and you don't have to"},{"speaker":"Prashant Kumar","startTime":620.81,"endTime":625.1,"body":"talk to 10. And for 10 years, 15"},{"speaker":"Prashant Kumar","startTime":625.1,"endTime":628.7,"body":"years, as long as tenant is"},{"speaker":"Prashant Kumar","startTime":625.1,"endTime":628.7,"body":"paying you the rent, right? And"},{"speaker":"Prashant Kumar","startTime":628.97,"endTime":633.14,"body":"you also but here you are"},{"speaker":"Prashant Kumar","startTime":628.97,"endTime":633.14,"body":"dealing with, you're providing"},{"speaker":"Prashant Kumar","startTime":633.14,"endTime":636.86,"body":"service, you're providing care."},{"speaker":"Prashant Kumar","startTime":633.14,"endTime":636.86,"body":"So it's a business, you know"},{"speaker":"Prashant Kumar","startTime":636.86,"endTime":640.94,"body":"more of a business and is"},{"speaker":"Prashant Kumar","startTime":636.86,"endTime":640.94,"body":"operational intensive, you are"},{"speaker":"Prashant Kumar","startTime":640.94,"endTime":644.69,"body":"providing necessary, you know,"},{"speaker":"Prashant Kumar","startTime":640.94,"endTime":644.69,"body":"security, you are providing"},{"speaker":"Prashant Kumar","startTime":644.69,"endTime":649.61,"body":"necessary, you know, changing"},{"speaker":"Prashant Kumar","startTime":644.69,"endTime":649.61,"body":"the programs, you know, you are"},{"speaker":"Prashant Kumar","startTime":649.82,"endTime":653.66,"body":"providing right food, you're"},{"speaker":"Prashant Kumar","startTime":649.82,"endTime":653.66,"body":"planning right care, you are you"},{"speaker":"Prashant Kumar","startTime":653.66,"endTime":658.52,"body":"are managing all the, you know,"},{"speaker":"Prashant Kumar","startTime":653.66,"endTime":658.52,"body":"audits that happen all the time."},{"speaker":"Prashant Kumar","startTime":658.97,"endTime":663.56,"body":"So you are involved a little bit"},{"speaker":"Prashant Kumar","startTime":658.97,"endTime":663.56,"body":"more, basically, it is not hands"},{"speaker":"Prashant Kumar","startTime":663.56,"endTime":666.38,"body":"off, you know, and let me tell"},{"speaker":"Prashant Kumar","startTime":663.56,"endTime":666.38,"body":"you that I mean, okay, yeah."},{"speaker":"Prashant Kumar","startTime":668.15,"endTime":668.6,"body":"Yeah."},{"speaker":"Mike Cavaggioni","startTime":668.69,"endTime":670.49,"body":"All right."},{"speaker":"Mike Cavaggioni","startTime":668.69,"endTime":670.49,"body":"Right on. Well, thank you. Thank"},{"speaker":"Mike Cavaggioni","startTime":670.49,"endTime":673.28,"body":"you for sharing that. I've been"},{"speaker":"Mike Cavaggioni","startTime":670.49,"endTime":673.28,"body":"curious about that. Because I"},{"speaker":"Mike Cavaggioni","startTime":673.28,"endTime":678.74,"body":"know other people. I went to a"},{"speaker":"Mike Cavaggioni","startTime":673.28,"endTime":678.74,"body":"real estate meetup and OPIC that"},{"speaker":"Mike Cavaggioni","startTime":678.74,"endTime":683.21,"body":"evening was assisted living. So"},{"speaker":"Mike Cavaggioni","startTime":678.74,"endTime":683.21,"body":"we actually had somebody who is"},{"speaker":"Mike Cavaggioni","startTime":683.21,"endTime":686.81,"body":"very big into assisted living,"},{"speaker":"Mike Cavaggioni","startTime":683.21,"endTime":686.81,"body":"come out and talk to us. And he"},{"speaker":"Mike Cavaggioni","startTime":686.81,"endTime":688.94,"body":"was actually looking to start"},{"speaker":"Mike Cavaggioni","startTime":686.81,"endTime":688.94,"body":"investing out here in Hawaii. So"},{"speaker":"Mike Cavaggioni","startTime":688.94,"endTime":691.01,"body":"I was kind of like talking to"},{"speaker":"Mike Cavaggioni","startTime":688.94,"endTime":691.01,"body":"him about it. Just I just want"},{"speaker":"Mike Cavaggioni","startTime":691.01,"endTime":695.03,"body":"to learn more. Very interesting"},{"speaker":"Mike Cavaggioni","startTime":691.01,"endTime":695.03,"body":"stuff. So one of the things we"},{"speaker":"Mike Cavaggioni","startTime":695.03,"endTime":700.31,"body":"talked about in your intro is"},{"speaker":"Mike Cavaggioni","startTime":695.03,"endTime":700.31,"body":"the ultra busy professional. One"},{"speaker":"Mike Cavaggioni","startTime":700.31,"endTime":703.37,"body":"of the questions I want to ask"},{"speaker":"Mike Cavaggioni","startTime":700.31,"endTime":703.37,"body":"you, especially for somebody"},{"speaker":"Mike Cavaggioni","startTime":703.37,"endTime":706.94,"body":"who's, you know, working in a,"},{"speaker":"Mike Cavaggioni","startTime":703.37,"endTime":706.94,"body":"in a profession where they don't"},{"speaker":"Mike Cavaggioni","startTime":706.94,"endTime":709.55,"body":"have too much free time, right?"},{"speaker":"Mike Cavaggioni","startTime":706.94,"endTime":709.55,"body":"That's what we're considering"},{"speaker":"Mike Cavaggioni","startTime":709.58,"endTime":712.85,"body":"ultra busy. How would they get"},{"speaker":"Mike Cavaggioni","startTime":709.58,"endTime":712.85,"body":"started in real estate?"},{"speaker":"Prashant Kumar","startTime":712.88,"endTime":716.93,"body":"So you do it is"},{"speaker":"Prashant Kumar","startTime":712.88,"endTime":716.93,"body":"pretty simple. Okay? What I tell"},{"speaker":"Prashant Kumar","startTime":716.96,"endTime":722.3,"body":"is, if you feel that starting in"},{"speaker":"Prashant Kumar","startTime":716.96,"endTime":722.3,"body":"real estate is owning a single"},{"speaker":"Prashant Kumar","startTime":722.3,"endTime":726.74,"body":"family home, that is a very"},{"speaker":"Prashant Kumar","startTime":722.3,"endTime":726.74,"body":"wrong conception, you really"},{"speaker":"Prashant Kumar","startTime":726.74,"endTime":732.98,"body":"don't have to own an asset in"},{"speaker":"Prashant Kumar","startTime":726.74,"endTime":732.98,"body":"your name only to be a real"},{"speaker":"Prashant Kumar","startTime":732.98,"endTime":736.52,"body":"estate investor. Because the"},{"speaker":"Prashant Kumar","startTime":732.98,"endTime":736.52,"body":"moment you own an asset in your"},{"speaker":"Prashant Kumar","startTime":736.52,"endTime":742.16,"body":"name or in your LLC name, you"},{"speaker":"Prashant Kumar","startTime":736.52,"endTime":742.16,"body":"become solely responsible of"},{"speaker":"Prashant Kumar","startTime":742.19,"endTime":746.66,"body":"taking care of that asset by"},{"speaker":"Prashant Kumar","startTime":742.19,"endTime":746.66,"body":"yourself. Which means that you"},{"speaker":"Prashant Kumar","startTime":746.66,"endTime":750.92,"body":"become active it means you are"},{"speaker":"Prashant Kumar","startTime":746.66,"endTime":750.92,"body":"taking the time of your family's"},{"speaker":"Prashant Kumar","startTime":750.92,"endTime":757.04,"body":"time away. And investing into"},{"speaker":"Prashant Kumar","startTime":750.92,"endTime":757.04,"body":"that. And many times for ultra"},{"speaker":"Prashant Kumar","startTime":757.04,"endTime":761.57,"body":"busy professionals. It's not"},{"speaker":"Prashant Kumar","startTime":757.04,"endTime":761.57,"body":"worth spending time on to these"},{"speaker":"Prashant Kumar","startTime":761.57,"endTime":766.1,"body":"managing these assets basically."},{"speaker":"Prashant Kumar","startTime":761.57,"endTime":766.1,"body":"So what we say is guys, you look"},{"speaker":"Prashant Kumar","startTime":766.1,"endTime":770.54,"body":"for good syndicators,"},{"speaker":"Prashant Kumar","startTime":766.1,"endTime":770.54,"body":"syndicators who are able to"},{"speaker":"Prashant Kumar","startTime":770.54,"endTime":774.83,"body":"produce better results for you,"},{"speaker":"Prashant Kumar","startTime":770.54,"endTime":774.83,"body":"then even you don't get by"},{"speaker":"Prashant Kumar","startTime":774.83,"endTime":778.22,"body":"yourself. Well, number one, you"},{"speaker":"Prashant Kumar","startTime":774.83,"endTime":778.22,"body":"have to realize that you are not"},{"speaker":"Prashant Kumar","startTime":778.22,"endTime":781.43,"body":"professional in real estate,"},{"speaker":"Prashant Kumar","startTime":778.22,"endTime":781.43,"body":"those syndicators are"},{"speaker":"Prashant Kumar","startTime":781.43,"endTime":785.72,"body":"professional real estate"},{"speaker":"Prashant Kumar","startTime":781.43,"endTime":785.72,"body":"investors. Number two, any"},{"speaker":"Prashant Kumar","startTime":785.72,"endTime":789.59,"body":"projects that they are doing,"},{"speaker":"Prashant Kumar","startTime":785.72,"endTime":789.59,"body":"they are being watched carefully"},{"speaker":"Prashant Kumar","startTime":789.59,"endTime":794.36,"body":"by sec. They are being audited"},{"speaker":"Prashant Kumar","startTime":789.59,"endTime":794.36,"body":"by bank, they are being managed"},{"speaker":"Prashant Kumar","startTime":794.36,"endTime":798.2,"body":"by professional property"},{"speaker":"Prashant Kumar","startTime":794.36,"endTime":798.2,"body":"managers. If there's a fire in"},{"speaker":"Prashant Kumar","startTime":798.2,"endTime":802.73,"body":"an apartment, I don't go there."},{"speaker":"Prashant Kumar","startTime":798.2,"endTime":802.73,"body":"My property manager goes there"},{"speaker":"Prashant Kumar","startTime":802.73,"endTime":806.12,"body":"and does the work. But if"},{"speaker":"Prashant Kumar","startTime":802.73,"endTime":806.12,"body":"there's a fire in my single"},{"speaker":"Prashant Kumar","startTime":806.12,"endTime":810.23,"body":"family home, I would be running"},{"speaker":"Prashant Kumar","startTime":806.12,"endTime":810.23,"body":"around like chicken without a"},{"speaker":"Prashant Kumar","startTime":810.26,"endTime":813.86,"body":"head, right? You know, something"},{"speaker":"Prashant Kumar","startTime":810.26,"endTime":813.86,"body":"happens? Absolutely. So the"},{"speaker":"Prashant Kumar","startTime":813.86,"endTime":816.83,"body":"point the point I'm trying to"},{"speaker":"Prashant Kumar","startTime":813.86,"endTime":816.83,"body":"say I can sleep in the night,"},{"speaker":"Prashant Kumar","startTime":816.86,"endTime":819.59,"body":"even if I have 500 unit"},{"speaker":"Prashant Kumar","startTime":816.86,"endTime":819.59,"body":"apartment complex, but I cannot"},{"speaker":"Prashant Kumar","startTime":819.59,"endTime":822.86,"body":"sleep in the night. If I have a"},{"speaker":"Prashant Kumar","startTime":819.59,"endTime":822.86,"body":"single family home. It's so"},{"speaker":"Prashant Kumar","startTime":822.89,"endTime":829.19,"body":"easy. And the return generated"},{"speaker":"Prashant Kumar","startTime":822.89,"endTime":829.19,"body":"by multifamily is much much more"},{"speaker":"Prashant Kumar","startTime":829.19,"endTime":833.3,"body":"than single family returns. I"},{"speaker":"Prashant Kumar","startTime":829.19,"endTime":833.3,"body":"can explain it day in and day"},{"speaker":"Prashant Kumar","startTime":833.3,"endTime":837.17,"body":"out, I am able to generate"},{"speaker":"Prashant Kumar","startTime":833.3,"endTime":837.17,"body":"returns, and I don't have to"},{"speaker":"Prashant Kumar","startTime":837.17,"endTime":842.09,"body":"quote it but I not to lower it"},{"speaker":"Prashant Kumar","startTime":837.17,"endTime":842.09,"body":"lower anybody. If I can generate"},{"speaker":"Prashant Kumar","startTime":842.09,"endTime":847.31,"body":"returns as much as 40%"},{"speaker":"Prashant Kumar","startTime":842.09,"endTime":847.31,"body":"annualized in five years, I can"},{"speaker":"Prashant Kumar","startTime":847.34,"endTime":851.0,"body":"if I'm able to double the money"},{"speaker":"Prashant Kumar","startTime":847.34,"endTime":851.0,"body":"in less than five years. There"},{"speaker":"Prashant Kumar","startTime":851.0,"endTime":853.97,"body":"are other syndicators also who"},{"speaker":"Prashant Kumar","startTime":851.0,"endTime":853.97,"body":"are able to double the money for"},{"speaker":"Prashant Kumar","startTime":853.97,"endTime":857.36,"body":"their investors in less than"},{"speaker":"Prashant Kumar","startTime":853.97,"endTime":857.36,"body":"five years. And that doesn't"},{"speaker":"Prashant Kumar","startTime":857.36,"endTime":860.63,"body":"happen in single family,"},{"speaker":"Prashant Kumar","startTime":857.36,"endTime":860.63,"body":"whatever you do, maybe you will"},{"speaker":"Prashant Kumar","startTime":860.63,"endTime":864.05,"body":"have $100 cash flow. Maybe in"},{"speaker":"Prashant Kumar","startTime":860.63,"endTime":864.05,"body":"the end you will have made some"},{"speaker":"Prashant Kumar","startTime":864.05,"endTime":869.06,"body":"money. But think about how much"},{"speaker":"Prashant Kumar","startTime":864.05,"endTime":869.06,"body":"pains Do you go through and on"},{"speaker":"Prashant Kumar","startTime":869.06,"endTime":872.63,"body":"top of that these multifamily"},{"speaker":"Prashant Kumar","startTime":869.06,"endTime":872.63,"body":"gives you so much of tax"},{"speaker":"Prashant Kumar","startTime":872.63,"endTime":877.01,"body":"benefits, tax advantages, you"},{"speaker":"Prashant Kumar","startTime":872.63,"endTime":877.01,"body":"know, it's literally passive"},{"speaker":"Prashant Kumar","startTime":877.01,"endTime":882.26,"body":"investment. And and you think"},{"speaker":"Prashant Kumar","startTime":877.01,"endTime":882.26,"body":"about if you if you let me give"},{"speaker":"Prashant Kumar","startTime":882.26,"endTime":887.03,"body":"an example if one if somebody is"},{"speaker":"Prashant Kumar","startTime":882.26,"endTime":887.03,"body":"able to save $50,000 per year"},{"speaker":"Prashant Kumar","startTime":887.12,"endTime":890.57,"body":"from their job, so ultra busy"},{"speaker":"Prashant Kumar","startTime":887.12,"endTime":890.57,"body":"professional must have a higher"},{"speaker":"Prashant Kumar","startTime":890.6,"endTime":895.07,"body":"salary for sure, right 200"},{"speaker":"Prashant Kumar","startTime":890.6,"endTime":895.07,"body":"200,000 if they are able to save"},{"speaker":"Prashant Kumar","startTime":895.07,"endTime":900.08,"body":"$50,000 and if they are able to"},{"speaker":"Prashant Kumar","startTime":895.07,"endTime":900.08,"body":"invest that money in real estate"},{"speaker":"Prashant Kumar","startTime":900.5,"endTime":907.85,"body":"So only 15% return accumulated"},{"speaker":"Prashant Kumar","startTime":900.5,"endTime":907.85,"body":"last year, you invest that next"},{"speaker":"Prashant Kumar","startTime":907.85,"endTime":913.04,"body":"year that becomes 57.5, you add"},{"speaker":"Prashant Kumar","startTime":907.85,"endTime":913.04,"body":"another 50,000, you're investing"},{"speaker":"Prashant Kumar","startTime":913.07,"endTime":919.82,"body":"107.5, the following year, it"},{"speaker":"Prashant Kumar","startTime":913.07,"endTime":919.82,"body":"becomes 120,000, more than"},{"speaker":"Prashant Kumar","startTime":919.85,"endTime":924.89,"body":"152,000. To be precise, you add"},{"speaker":"Prashant Kumar","startTime":919.85,"endTime":924.89,"body":"another 50,000, the following"},{"speaker":"Prashant Kumar","startTime":924.89,"endTime":928.82,"body":"year, it becomes 200,000. So"},{"speaker":"Prashant Kumar","startTime":924.89,"endTime":928.82,"body":"next thing, you know, if you are"},{"speaker":"Prashant Kumar","startTime":928.82,"endTime":934.25,"body":"just investing $50,000 per year,"},{"speaker":"Prashant Kumar","startTime":928.82,"endTime":934.25,"body":"in 10 years, you are able to"},{"speaker":"Prashant Kumar","startTime":934.28,"endTime":938.9,"body":"produce a passive income of"},{"speaker":"Prashant Kumar","startTime":934.28,"endTime":938.9,"body":"$100,000 for yourself without"},{"speaker":"Prashant Kumar","startTime":938.9,"endTime":943.7,"body":"lifting your finger. Let's"},{"speaker":"Prashant Kumar","startTime":938.9,"endTime":943.7,"body":"listen to me clearly $50,000 per"},{"speaker":"Prashant Kumar","startTime":943.7,"endTime":947.24,"body":"year saving, you continue to"},{"speaker":"Prashant Kumar","startTime":943.7,"endTime":947.24,"body":"invest in real estate, if you"},{"speaker":"Prashant Kumar","startTime":947.24,"endTime":952.64,"body":"are at 20, if you are ages 25 by"},{"speaker":"Prashant Kumar","startTime":947.24,"endTime":952.64,"body":"the time you are 35, you will be"},{"speaker":"Prashant Kumar","startTime":952.67,"endTime":958.94,"body":"able to produce $100,000 passive"},{"speaker":"Prashant Kumar","startTime":952.67,"endTime":958.94,"body":"income in that time, it's up to"},{"speaker":"Prashant Kumar","startTime":958.94,"endTime":962.21,"body":"you to and then then you are"},{"speaker":"Prashant Kumar","startTime":958.94,"endTime":962.21,"body":"continuing to invest that"},{"speaker":"Prashant Kumar","startTime":962.21,"endTime":965.75,"body":"further. Right. I mean, the"},{"speaker":"Prashant Kumar","startTime":962.21,"endTime":965.75,"body":"sky's the limit? Oh, absolutely."},{"speaker":"Prashant Kumar","startTime":965.75,"endTime":968.72,"body":"At that point, you know, at that"},{"speaker":"Prashant Kumar","startTime":965.75,"endTime":968.72,"body":"point is sky's the limit. I"},{"speaker":"Prashant Kumar","startTime":968.72,"endTime":971.72,"body":"mean, you can continue to do"},{"speaker":"Prashant Kumar","startTime":968.72,"endTime":971.72,"body":"your job always. But do you"},{"speaker":"Prashant Kumar","startTime":971.84,"endTime":976.79,"body":"still continue? Can you do that"},{"speaker":"Prashant Kumar","startTime":971.84,"endTime":976.79,"body":"in sheer market? I do not think"},{"speaker":"Prashant Kumar","startTime":976.79,"endTime":981.11,"body":"there is anything any asset"},{"speaker":"Prashant Kumar","startTime":976.79,"endTime":981.11,"body":"class in I mean, unless you"},{"speaker":"Prashant Kumar","startTime":981.14,"endTime":986.21,"body":"think that, you know, you invest"},{"speaker":"Prashant Kumar","startTime":981.14,"endTime":986.21,"body":"in a in a crypto which goes like"},{"speaker":"Prashant Kumar","startTime":986.21,"endTime":989.3,"body":"2000 times in a in a year."},{"speaker":"Prashant Kumar","startTime":986.21,"endTime":989.3,"body":"That's not what we're talking"},{"speaker":"Prashant Kumar","startTime":990.29,"endTime":994.37,"body":"about that. And you read a"},{"speaker":"Prashant Kumar","startTime":990.29,"endTime":994.37,"body":"resume the whole thing? Right."},{"speaker":"Prashant Kumar","startTime":994.4,"endTime":999.11,"body":"So Right, right. The point is 10"},{"speaker":"Prashant Kumar","startTime":994.4,"endTime":999.11,"body":"years, $100,000. income, I"},{"speaker":"Prashant Kumar","startTime":999.11,"endTime":1004.36,"body":"guarantee you, if you follow the"},{"speaker":"Prashant Kumar","startTime":999.11,"endTime":1004.36,"body":"simple steps, is almost"},{"speaker":"Prashant Kumar","startTime":1004.36,"endTime":1009.79,"body":"guaranteed $50,000 $50,000 per"},{"speaker":"Prashant Kumar","startTime":1004.36,"endTime":1009.79,"body":"year for 10 years and continue"},{"speaker":"Prashant Kumar","startTime":1009.79,"endTime":1013.48,"body":"to invest in one syndication"},{"speaker":"Prashant Kumar","startTime":1009.79,"endTime":1013.48,"body":"after another. Don't Don't keep"},{"speaker":"Prashant Kumar","startTime":1013.48,"endTime":1016.96,"body":"your liquid money, you will be"},{"speaker":"Prashant Kumar","startTime":1013.48,"endTime":1016.96,"body":"able to start generating"},{"speaker":"Prashant Kumar","startTime":1016.99,"endTime":1021.88,"body":"$100,000 income passively. And"},{"speaker":"Prashant Kumar","startTime":1016.99,"endTime":1021.88,"body":"you continue to reinvest that"},{"speaker":"Prashant Kumar","startTime":1021.88,"endTime":1026.17,"body":"also. Then in our next five"},{"speaker":"Prashant Kumar","startTime":1021.88,"endTime":1026.17,"body":"years, that income will become"},{"speaker":"Prashant Kumar","startTime":1026.2,"endTime":1031.06,"body":"$200,000. So I mean, yeah, isn't"},{"speaker":"Prashant Kumar","startTime":1026.2,"endTime":1031.06,"body":"that isn't that a great system?"},{"speaker":"Prashant Kumar","startTime":1031.06,"endTime":1033.73,"body":"You know, you keep cutting the"},{"speaker":"Prashant Kumar","startTime":1031.06,"endTime":1033.73,"body":"years down to as you keep"},{"speaker":"Prashant Kumar","startTime":1033.73,"endTime":1034.87,"body":"investing that money."},{"speaker":"Mike Cavaggioni","startTime":1034.9,"endTime":1037.18,"body":"So, you know,"},{"speaker":"Mike Cavaggioni","startTime":1034.9,"endTime":1037.18,"body":"from the point where it took you"},{"speaker":"Mike Cavaggioni","startTime":1037.18,"endTime":1040.69,"body":"to get to 100,000? It was 10"},{"speaker":"Mike Cavaggioni","startTime":1037.18,"endTime":1040.69,"body":"years. Now, five years later,"},{"speaker":"Mike Cavaggioni","startTime":1040.69,"endTime":1043.81,"body":"you're 200,000? Yeah. And then"},{"speaker":"Mike Cavaggioni","startTime":1040.69,"endTime":1043.81,"body":"another two and a half years"},{"speaker":"Mike Cavaggioni","startTime":1043.81,"endTime":1046.72,"body":"after that you're at 300? Or,"},{"speaker":"Mike Cavaggioni","startTime":1043.81,"endTime":1046.72,"body":"yeah, whatever. Yeah, I mean,"},{"speaker":"Mike Cavaggioni","startTime":1046.72,"endTime":1050.71,"body":"yeah, till four years, three,"},{"speaker":"Mike Cavaggioni","startTime":1046.72,"endTime":1050.71,"body":"four years, you become a 301. So"},{"speaker":"Mike Cavaggioni","startTime":1050.71,"endTime":1055.12,"body":"that, so if you start doing that"},{"speaker":"Mike Cavaggioni","startTime":1050.71,"endTime":1055.12,"body":"at age of 25, by the time you"},{"speaker":"Mike Cavaggioni","startTime":1055.12,"endTime":1060.28,"body":"are 4045, you already have like"},{"speaker":"Mike Cavaggioni","startTime":1055.12,"endTime":1060.28,"body":"passive income of, you know, two"},{"speaker":"Mike Cavaggioni","startTime":1060.28,"endTime":1063.88,"body":"$300,000 rolling, isn't that I"},{"speaker":"Mike Cavaggioni","startTime":1060.28,"endTime":1063.88,"body":"mean, I think that's the great"},{"speaker":"Mike Cavaggioni","startTime":1063.88,"endTime":1069.13,"body":"concept, the passive income to"},{"speaker":"Mike Cavaggioni","startTime":1063.88,"endTime":1069.13,"body":"have, yeah, you know, just to be"},{"speaker":"Mike Cavaggioni","startTime":1069.13,"endTime":1071.83,"body":"able to go to sleep wake up and"},{"speaker":"Mike Cavaggioni","startTime":1069.13,"endTime":1071.83,"body":"be like, Oh, yeah, okay. Yeah,"},{"speaker":"Mike Cavaggioni","startTime":1071.98,"endTime":1073.84,"body":"you made 3000 this year,"},{"speaker":"Prashant Kumar","startTime":1073.84,"endTime":1075.94,"body":"Yeah, you can"},{"speaker":"Prashant Kumar","startTime":1073.84,"endTime":1075.94,"body":"quit your job anytime, you know,"},{"speaker":"Prashant Kumar","startTime":1075.94,"endTime":1080.41,"body":"I mean, I don't know about you,"},{"speaker":"Prashant Kumar","startTime":1075.94,"endTime":1080.41,"body":"but when my my needs are very"},{"speaker":"Prashant Kumar","startTime":1080.41,"endTime":1083.86,"body":"limited, I, if I have 100"},{"speaker":"Prashant Kumar","startTime":1080.41,"endTime":1083.86,"body":"$200,000 coming in, I'm gonna"},{"speaker":"Prashant Kumar","startTime":1084.22,"endTime":1086.8,"body":"probably quit my job, you know."},{"speaker":"Prashant Kumar","startTime":1084.22,"endTime":1086.8,"body":"And, you know,"},{"speaker":"Mike Cavaggioni","startTime":1087.64,"endTime":1090.19,"body":"That's the goal"},{"speaker":"Mike Cavaggioni","startTime":1087.64,"endTime":1090.19,"body":"is to build that passive cash"},{"speaker":"Mike Cavaggioni","startTime":1090.19,"endTime":1093.76,"body":"flow, that that you can do what"},{"speaker":"Mike Cavaggioni","startTime":1090.19,"endTime":1093.76,"body":"you want in life and have that"},{"speaker":"Mike Cavaggioni","startTime":1093.76,"endTime":1096.97,"body":"financial freedom, right. So"},{"speaker":"Mike Cavaggioni","startTime":1093.76,"endTime":1096.97,"body":"that's kind of that's, that's"},{"speaker":"Mike Cavaggioni","startTime":1096.97,"endTime":1099.04,"body":"one of the ways to get there."},{"speaker":"Mike Cavaggioni","startTime":1096.97,"endTime":1099.04,"body":"And, you know, that's, that's a"},{"speaker":"Mike Cavaggioni","startTime":1099.04,"endTime":1099.73,"body":"great way to go."},{"speaker":"Prashant Kumar","startTime":1099.94,"endTime":1102.52,"body":"And the"},{"speaker":"Prashant Kumar","startTime":1099.94,"endTime":1102.52,"body":"important thing is be blessed"},{"speaker":"Prashant Kumar","startTime":1102.73,"endTime":1106.9,"body":"that you've read it now. Now"},{"speaker":"Prashant Kumar","startTime":1102.73,"endTime":1106.9,"body":"means now is the right time to"},{"speaker":"Prashant Kumar","startTime":1106.9,"endTime":1110.26,"body":"get in, there's no tomorrow, by"},{"speaker":"Prashant Kumar","startTime":1106.9,"endTime":1110.26,"body":"glad that you get this equation"},{"speaker":"Prashant Kumar","startTime":1110.26,"endTime":1113.92,"body":"right now in your head, and"},{"speaker":"Prashant Kumar","startTime":1110.26,"endTime":1113.92,"body":"start acting upon it. If you are"},{"speaker":"Prashant Kumar","startTime":1113.92,"endTime":1117.67,"body":"25 start investing. Now, if you"},{"speaker":"Prashant Kumar","startTime":1113.92,"endTime":1117.67,"body":"are guaranteed to start"},{"speaker":"Prashant Kumar","startTime":1117.67,"endTime":1121.54,"body":"investing, even better now, if"},{"speaker":"Prashant Kumar","startTime":1117.67,"endTime":1121.54,"body":"you are 45, you started"},{"speaker":"Prashant Kumar","startTime":1121.54,"endTime":1126.1,"body":"investing Now, if you're 65"},{"speaker":"Prashant Kumar","startTime":1121.54,"endTime":1126.1,"body":"start investing now, there's no"},{"speaker":"Prashant Kumar","startTime":1126.1,"endTime":1129.7,"body":"limit, but sooner the better."},{"speaker":"Prashant Kumar","startTime":1126.1,"endTime":1129.7,"body":"The sooner you absolutely, you"},{"speaker":"Prashant Kumar","startTime":1129.7,"endTime":1135.01,"body":"know, if my father had told me"},{"speaker":"Prashant Kumar","startTime":1129.7,"endTime":1135.01,"body":"this earlier, I mean, of course,"},{"speaker":"Prashant Kumar","startTime":1135.01,"endTime":1138.01,"body":"he doesn't do it. He doesn't"},{"speaker":"Prashant Kumar","startTime":1135.01,"endTime":1138.01,"body":"know anything about it. But the"},{"speaker":"Prashant Kumar","startTime":1138.01,"endTime":1142.09,"body":"point is, if I know if I knew it"},{"speaker":"Prashant Kumar","startTime":1138.01,"endTime":1142.09,"body":"sooner, I would have had, you"},{"speaker":"Prashant Kumar","startTime":1142.09,"endTime":1145.99,"body":"know, you know, multibillion"},{"speaker":"Prashant Kumar","startTime":1142.09,"endTime":1145.99,"body":"dollar empire for me, you know,"},{"speaker":"Prashant Kumar","startTime":1146.08,"endTime":1147.97,"body":"I can guarantee guarantee"},{"speaker":"Mike Cavaggioni","startTime":1147.92,"endTime":1150.23,"body":"Absolutely."},{"speaker":"Mike Cavaggioni","startTime":1147.92,"endTime":1150.23,"body":"Yeah, you know, it's it's funny,"},{"speaker":"Mike Cavaggioni","startTime":1150.23,"endTime":1153.17,"body":"it's like the the famous saying"},{"speaker":"Mike Cavaggioni","startTime":1150.23,"endTime":1153.17,"body":"that you always hear that the"},{"speaker":"Average Joe Finances","startTime":1150.27,"endTime":1173.61,"body":"Let's take"},{"speaker":"Average Joe Finances","startTime":1150.27,"endTime":1173.61,"body":"a brief moment to hear from our"},{"speaker":"Average Joe Finances","startTime":1153.17,"endTime":1155.57,"body":"the best time to start investing"},{"speaker":"Average Joe Finances","startTime":1153.17,"endTime":1155.57,"body":"was 20 years ago. The second"},{"speaker":"Average Joe Finances","startTime":1155.57,"endTime":1159.35,"body":"best time is right now. Yes. So"},{"speaker":"Average Joe Finances","startTime":1155.57,"endTime":1159.35,"body":"that that is definitely writing"},{"speaker":"Average Joe Finances","startTime":1159.35,"endTime":1160.82,"body":"and you know, that kind of"},{"speaker":"Average Joe Finances","startTime":1159.35,"endTime":1160.82,"body":"brings me to the next thing I"},{"speaker":"Average Joe Finances","startTime":1160.82,"endTime":1164.21,"body":"want to talk about, which is"},{"speaker":"Average Joe Finances","startTime":1160.82,"endTime":1164.21,"body":"like the what's the right"},{"speaker":"Average Joe Finances","startTime":1164.21,"endTime":1166.97,"body":"mindset? What's the right"},{"speaker":"Average Joe Finances","startTime":1164.21,"endTime":1166.97,"body":"attitude to have when it comes"},{"speaker":"Average Joe Finances","startTime":1166.97,"endTime":1169.97,"body":"to investing in real estate? I"},{"speaker":"Average Joe Finances","startTime":1166.97,"endTime":1169.97,"body":"know this is one of the topics"},{"speaker":"Average Joe Finances","startTime":1169.97,"endTime":1172.88,"body":"that you want to discuss as"},{"speaker":"Average Joe Finances","startTime":1169.97,"endTime":1172.88,"body":"well."},{"speaker":"Average Joe Finances","startTime":1173.61,"endTime":1177.57,"body":"show sponsors. What's going on"},{"speaker":"Average Joe Finances","startTime":1173.61,"endTime":1177.57,"body":"everybody? So today I want to"},{"speaker":"Average Joe Finances","startTime":1177.57,"endTime":1180.42,"body":"talk to you about the podcast"},{"speaker":"Average Joe Finances","startTime":1177.57,"endTime":1180.42,"body":"editing service that we use for"},{"speaker":"Average Joe Finances","startTime":1180.42,"endTime":1185.25,"body":"the Average Joe Finances podcast"},{"speaker":"Average Joe Finances","startTime":1180.42,"endTime":1185.25,"body":"that is editpods.com and what I"},{"speaker":"Average Joe Finances","startTime":1185.25,"endTime":1188.85,"body":"really like about them is it's a"},{"speaker":"Average Joe Finances","startTime":1185.25,"endTime":1188.85,"body":"subscription based service. So"},{"speaker":"Average Joe Finances","startTime":1188.85,"endTime":1193.08,"body":"the prices are fantastic. And"},{"speaker":"Average Joe Finances","startTime":1188.85,"endTime":1193.08,"body":"not only do they do the podcast"},{"speaker":"Average Joe Finances","startTime":1193.08,"endTime":1196.56,"body":"episodes for us, but they also"},{"speaker":"Average Joe Finances","startTime":1193.08,"endTime":1196.56,"body":"make us videos audio Graham's"},{"speaker":"Average Joe Finances","startTime":1196.59,"endTime":1199.56,"body":"social media caption videos,"},{"speaker":"Average Joe Finances","startTime":1196.59,"endTime":1199.56,"body":"they do our show notes"},{"speaker":"Average Joe Finances","startTime":1199.56,"endTime":1203.76,"body":"thumbnails, it's just fantastic"},{"speaker":"Average Joe Finances","startTime":1199.56,"endTime":1203.76,"body":"products. Go check them out at"},{"speaker":"Average Joe Finances","startTime":1203.79,"endTime":1204.66,"body":"edit pods.com"},{"speaker":"Average Joe Finances","startTime":1206.01,"endTime":1208.35,"body":"Hey, what's going on everybody"},{"speaker":"Average Joe Finances","startTime":1206.01,"endTime":1208.35,"body":"it's Mike Cav from Average Joe"},{"speaker":"Average Joe Finances","startTime":1208.35,"endTime":1211.86,"body":"Finances, just want to talk to"},{"speaker":"Average Joe Finances","startTime":1208.35,"endTime":1211.86,"body":"you today about prep agent. If"},{"speaker":"Average Joe Finances","startTime":1211.86,"endTime":1214.68,"body":"you're interested in learning"},{"speaker":"Average Joe Finances","startTime":1211.86,"endTime":1214.68,"body":"how to become a real estate"},{"speaker":"Average Joe Finances","startTime":1214.71,"endTime":1217.71,"body":"agent, and being able to pass"},{"speaker":"Average Joe Finances","startTime":1214.71,"endTime":1217.71,"body":"the test on your first try,"},{"speaker":"Average Joe Finances","startTime":1218.01,"endTime":1221.52,"body":"check out prep agent, check out"},{"speaker":"Average Joe Finances","startTime":1218.01,"endTime":1221.52,"body":"the link below in the show notes"},{"speaker":"Average Joe Finances","startTime":1221.55,"endTime":1224.91,"body":"or in the video description."},{"speaker":"Average Joe Finances","startTime":1221.55,"endTime":1224.91,"body":"Let's get back to today's"},{"speaker":"Average Joe Finances","startTime":1224.91,"endTime":1225.6,"body":"episode."},{"speaker":"Average Joe Finances","startTime":1227.0,"endTime":1231.14,"body":"You're listening to the Average"},{"speaker":"Average Joe Finances","startTime":1227.0,"endTime":1231.14,"body":"Joe Finances podcast, whether"},{"speaker":"Average Joe Finances","startTime":1231.14,"endTime":1235.43,"body":"it's single or multifamily real"},{"speaker":"Average Joe Finances","startTime":1231.14,"endTime":1235.43,"body":"estate, the stock market or side"},{"speaker":"Average Joe Finances","startTime":1235.43,"endTime":1239.75,"body":"hustles we discuss it all strap"},{"speaker":"Average Joe Finances","startTime":1235.43,"endTime":1239.75,"body":"in and enjoy the ride."},{"speaker":"Prashant Kumar","startTime":1241.61,"endTime":1244.07,"body":"This is an"},{"speaker":"Prashant Kumar","startTime":1241.61,"endTime":1244.07,"body":"abundance mindset, you know, you"},{"speaker":"Prashant Kumar","startTime":1244.07,"endTime":1248.06,"body":"think you can earn for yourself"},{"speaker":"Prashant Kumar","startTime":1244.07,"endTime":1248.06,"body":"only that is wrong, you have to"},{"speaker":"Prashant Kumar","startTime":1248.06,"endTime":1251.3,"body":"come up with a with a mindset"},{"speaker":"Prashant Kumar","startTime":1248.06,"endTime":1251.3,"body":"where you are able to help"},{"speaker":"Prashant Kumar","startTime":1251.3,"endTime":1255.65,"body":"others, the moment you open up"},{"speaker":"Prashant Kumar","startTime":1251.3,"endTime":1255.65,"body":"yourself is you know, universe"},{"speaker":"Prashant Kumar","startTime":1255.71,"endTime":1259.7,"body":"attracts that right? And you are"},{"speaker":"Prashant Kumar","startTime":1255.71,"endTime":1259.7,"body":"you start getting a lot of help"},{"speaker":"Prashant Kumar","startTime":1259.7,"endTime":1264.53,"body":"from others. So you have to open"},{"speaker":"Prashant Kumar","startTime":1259.7,"endTime":1264.53,"body":"up and help others generously"},{"speaker":"Prashant Kumar","startTime":1264.56,"endTime":1268.79,"body":"and lead and you will receive"},{"speaker":"Prashant Kumar","startTime":1264.56,"endTime":1268.79,"body":"help back the mindset is yes,"},{"speaker":"Prashant Kumar","startTime":1269.09,"endTime":1272.99,"body":"you will have money, continue to"},{"speaker":"Prashant Kumar","startTime":1269.09,"endTime":1272.99,"body":"invest don't just you know, have"},{"speaker":"Prashant Kumar","startTime":1272.99,"endTime":1276.5,"body":"a mindset that will I'm going to"},{"speaker":"Prashant Kumar","startTime":1272.99,"endTime":1276.5,"body":"earn only for myself, help"},{"speaker":"Prashant Kumar","startTime":1276.5,"endTime":1279.29,"body":"others people will become your"},{"speaker":"Prashant Kumar","startTime":1276.5,"endTime":1279.29,"body":"friend, you know, when you make"},{"speaker":"Prashant Kumar","startTime":1279.32,"endTime":1282.29,"body":"when you help others and they"},{"speaker":"Prashant Kumar","startTime":1279.32,"endTime":1282.29,"body":"end up making money because of"},{"speaker":"Prashant Kumar","startTime":1282.29,"endTime":1285.44,"body":"you, they become your best"},{"speaker":"Prashant Kumar","startTime":1282.29,"endTime":1285.44,"body":"friends. So there was a book I"},{"speaker":"Prashant Kumar","startTime":1285.44,"endTime":1289.52,"body":"was reading, not how right I"},{"speaker":"Prashant Kumar","startTime":1285.44,"endTime":1289.52,"body":"need to know who can do this"},{"speaker":"Prashant Kumar","startTime":1289.52,"endTime":1292.67,"body":"job, I should do it. So when you"},{"speaker":"Prashant Kumar","startTime":1289.52,"endTime":1292.67,"body":"connect with people, people come"},{"speaker":"Prashant Kumar","startTime":1292.67,"endTime":1295.7,"body":"with different different skill"},{"speaker":"Prashant Kumar","startTime":1292.67,"endTime":1295.7,"body":"set. Everybody has a different"},{"speaker":"Prashant Kumar","startTime":1295.7,"endTime":1299.54,"body":"skill set, I cannot achieve all"},{"speaker":"Prashant Kumar","startTime":1295.7,"endTime":1299.54,"body":"the skill set myself. When you"},{"speaker":"Prashant Kumar","startTime":1299.54,"endTime":1303.14,"body":"are helping others they become"},{"speaker":"Prashant Kumar","startTime":1299.54,"endTime":1303.14,"body":"your advocates in your life."},{"speaker":"Prashant Kumar","startTime":1303.26,"endTime":1306.41,"body":"Today, I was asking for some"},{"speaker":"Prashant Kumar","startTime":1303.26,"endTime":1306.41,"body":"underwriting help discussing"},{"speaker":"Prashant Kumar","startTime":1306.41,"endTime":1309.74,"body":"with somebody. And next thing I"},{"speaker":"Prashant Kumar","startTime":1306.41,"endTime":1309.74,"body":"knew there was an email"},{"speaker":"Prashant Kumar","startTime":1309.77,"endTime":1313.79,"body":"Prashant, I like your stuff, I"},{"speaker":"Prashant Kumar","startTime":1309.77,"endTime":1313.79,"body":"want to help you out in your"},{"speaker":"Prashant Kumar","startTime":1313.79,"endTime":1316.13,"body":"underwriting, it was a"},{"speaker":"Prashant Kumar","startTime":1313.79,"endTime":1316.13,"body":"complicated stuff that I was"},{"speaker":"Prashant Kumar","startTime":1316.13,"endTime":1320.0,"body":"discussing with somebody in a"},{"speaker":"Prashant Kumar","startTime":1316.13,"endTime":1320.0,"body":"meeting. And some some guy, you"},{"speaker":"Prashant Kumar","startTime":1320.0,"endTime":1323.33,"body":"know, sent me an email, because"},{"speaker":"Prashant Kumar","startTime":1320.0,"endTime":1323.33,"body":"I was open to share that"},{"speaker":"Prashant Kumar","startTime":1323.33,"endTime":1326.87,"body":"information. Somebody reached"},{"speaker":"Prashant Kumar","startTime":1323.33,"endTime":1326.87,"body":"out to me that I will help I"},{"speaker":"Prashant Kumar","startTime":1326.87,"endTime":1331.37,"body":"mean, the guy is an underwriter."},{"speaker":"Prashant Kumar","startTime":1326.87,"endTime":1331.37,"body":"So what else do I want? So"},{"speaker":"Prashant Kumar","startTime":1331.37,"endTime":1334.82,"body":"that's the mindset you should"},{"speaker":"Prashant Kumar","startTime":1331.37,"endTime":1334.82,"body":"have. I mean, not just for"},{"speaker":"Prashant Kumar","startTime":1334.82,"endTime":1337.04,"body":"yourself, for everybody, you"},{"speaker":"Prashant Kumar","startTime":1334.82,"endTime":1337.04,"body":"know."},{"speaker":"Mike Cavaggioni","startTime":1337.28,"endTime":1339.08,"body":"I really like"},{"speaker":"Mike Cavaggioni","startTime":1337.28,"endTime":1339.08,"body":"that, you know, especially not"},{"speaker":"Mike Cavaggioni","startTime":1339.11,"endTime":1341.33,"body":"just about helping yourself, you"},{"speaker":"Mike Cavaggioni","startTime":1339.11,"endTime":1341.33,"body":"know, like what you're talking"},{"speaker":"Mike Cavaggioni","startTime":1341.33,"endTime":1344.66,"body":"about that you you, you have"},{"speaker":"Mike Cavaggioni","startTime":1341.33,"endTime":1344.66,"body":"this mindset to help others and,"},{"speaker":"Mike Cavaggioni","startTime":1345.08,"endTime":1348.26,"body":"you know, help others, you know,"},{"speaker":"Mike Cavaggioni","startTime":1345.08,"endTime":1348.26,"body":"build their wealth and, you"},{"speaker":"Mike Cavaggioni","startTime":1348.26,"endTime":1351.62,"body":"know, just better themselves."},{"speaker":"Mike Cavaggioni","startTime":1348.26,"endTime":1351.62,"body":"Right. And I think that's one of"},{"speaker":"Mike Cavaggioni","startTime":1351.62,"endTime":1353.75,"body":"the things that I really liked"},{"speaker":"Mike Cavaggioni","startTime":1351.62,"endTime":1353.75,"body":"so far, you know, as I'm"},{"speaker":"Mike Cavaggioni","startTime":1353.75,"endTime":1357.32,"body":"learning about multifamily and"},{"speaker":"Mike Cavaggioni","startTime":1353.75,"endTime":1357.32,"body":"syndication, it's just, you"},{"speaker":"Mike Cavaggioni","startTime":1357.32,"endTime":1360.26,"body":"know, you get the right group of"},{"speaker":"Mike Cavaggioni","startTime":1357.32,"endTime":1360.26,"body":"people together. And, you know,"},{"speaker":"Mike Cavaggioni","startTime":1360.26,"endTime":1362.39,"body":"basically you're pulling this"},{"speaker":"Mike Cavaggioni","startTime":1360.26,"endTime":1362.39,"body":"money together, you're buying"},{"speaker":"Mike Cavaggioni","startTime":1362.39,"endTime":1366.02,"body":"assets that, you know, that that"},{"speaker":"Mike Cavaggioni","startTime":1362.39,"endTime":1366.02,"body":"really that that scale, right?"},{"speaker":"Mike Cavaggioni","startTime":1366.02,"endTime":1368.69,"body":"It's like I've heard a lot of"},{"speaker":"Mike Cavaggioni","startTime":1366.02,"endTime":1368.69,"body":"people say this before, today's"},{"speaker":"Mike Cavaggioni","startTime":1368.69,"endTime":1371.36,"body":"you know, it's an economy of"},{"speaker":"Mike Cavaggioni","startTime":1368.69,"endTime":1371.36,"body":"scale versus, you know, a single"},{"speaker":"Mike Cavaggioni","startTime":1371.36,"endTime":1374.99,"body":"family home versus multifamily,"},{"speaker":"Mike Cavaggioni","startTime":1371.36,"endTime":1374.99,"body":"your costs are a little bit"},{"speaker":"Mike Cavaggioni","startTime":1374.99,"endTime":1377.48,"body":"less, right, because when you're"},{"speaker":"Mike Cavaggioni","startTime":1374.99,"endTime":1377.48,"body":"fixing stuff you're fixing for"},{"speaker":"Mike Cavaggioni","startTime":1377.48,"endTime":1380.06,"body":"the entire place, when you"},{"speaker":"Mike Cavaggioni","startTime":1377.48,"endTime":1380.06,"body":"replace a roof on a multifamily."},{"speaker":"Mike Cavaggioni","startTime":1380.27,"endTime":1382.85,"body":"You know, you just replaced the"},{"speaker":"Mike Cavaggioni","startTime":1380.27,"endTime":1382.85,"body":"roof for 30 units versus"},{"speaker":"Mike Cavaggioni","startTime":1383.09,"endTime":1385.49,"body":"replacing a roof for one"},{"speaker":"Mike Cavaggioni","startTime":1383.09,"endTime":1385.49,"body":"property. So just the little"},{"speaker":"Mike Cavaggioni","startTime":1385.49,"endTime":1390.23,"body":"things like that, that add up in"},{"speaker":"Mike Cavaggioni","startTime":1385.49,"endTime":1390.23,"body":"the long run, help you get that"},{"speaker":"Mike Cavaggioni","startTime":1390.23,"endTime":1393.92,"body":"much more money back into your"},{"speaker":"Mike Cavaggioni","startTime":1390.23,"endTime":1393.92,"body":"pocket. So that's, that's really"},{"speaker":"Mike Cavaggioni","startTime":1393.92,"endTime":1397.43,"body":"awesome. So another topic that I"},{"speaker":"Mike Cavaggioni","startTime":1393.92,"endTime":1397.43,"body":"had on here that I want to talk"},{"speaker":"Mike Cavaggioni","startTime":1397.43,"endTime":1401.12,"body":"about with you is somebody you"},{"speaker":"Mike Cavaggioni","startTime":1397.43,"endTime":1401.12,"body":"know, wanting to invest using"},{"speaker":"Mike Cavaggioni","startTime":1401.12,"endTime":1404.84,"body":"their IRA, to invest in real"},{"speaker":"Mike Cavaggioni","startTime":1401.12,"endTime":1404.84,"body":"estate. So how would somebody do"},{"speaker":"Mike Cavaggioni","startTime":1404.84,"endTime":1405.17,"body":"that?"},{"speaker":"Prashant Kumar","startTime":1405.65,"endTime":1409.73,"body":"Super simple,"},{"speaker":"Prashant Kumar","startTime":1405.65,"endTime":1409.73,"body":"you know, from my IRA, IRAs, you"},{"speaker":"Prashant Kumar","startTime":1409.73,"endTime":1414.11,"body":"know, are created. I know a lot"},{"speaker":"Prashant Kumar","startTime":1409.73,"endTime":1414.11,"body":"of us have IRAs with big"},{"speaker":"Prashant Kumar","startTime":1414.11,"endTime":1419.48,"body":"brokerage firms, where we invest"},{"speaker":"Prashant Kumar","startTime":1414.11,"endTime":1419.48,"body":"only in, in the vehicles which"},{"speaker":"Prashant Kumar","startTime":1419.54,"endTime":1423.11,"body":"those brokerage firms provide"},{"speaker":"Prashant Kumar","startTime":1419.54,"endTime":1423.11,"body":"us, right. And that is because"},{"speaker":"Prashant Kumar","startTime":1423.11,"endTime":1426.41,"body":"of our ignorance, we think that"},{"speaker":"Prashant Kumar","startTime":1423.11,"endTime":1426.41,"body":"I earn money can only be"},{"speaker":"Prashant Kumar","startTime":1426.41,"endTime":1429.5,"body":"invested in mutual funds and"},{"speaker":"Prashant Kumar","startTime":1426.41,"endTime":1429.5,"body":"stuff like that within those"},{"speaker":"Prashant Kumar","startTime":1429.5,"endTime":1433.61,"body":"brokerage that is the wrong"},{"speaker":"Prashant Kumar","startTime":1429.5,"endTime":1433.61,"body":"wrong, completely wrong concept."},{"speaker":"Prashant Kumar","startTime":1433.67,"endTime":1438.26,"body":"Ira can be self directed IRA,"},{"speaker":"Prashant Kumar","startTime":1433.67,"endTime":1438.26,"body":"remember it IRA can be self"},{"speaker":"Prashant Kumar","startTime":1438.26,"endTime":1444.23,"body":"directed, meaning that you can"},{"speaker":"Prashant Kumar","startTime":1438.26,"endTime":1444.23,"body":"invest in any asset class from"},{"speaker":"Prashant Kumar","startTime":1444.23,"endTime":1448.82,"body":"IRA except through things, you"},{"speaker":"Prashant Kumar","startTime":1444.23,"endTime":1448.82,"body":"know, I don't even remember what"},{"speaker":"Prashant Kumar","startTime":1448.82,"endTime":1451.07,"body":"they are, and I'm sure you"},{"speaker":"Prashant Kumar","startTime":1448.82,"endTime":1451.07,"body":"probably would not invest in"},{"speaker":"Prashant Kumar","startTime":1451.07,"endTime":1454.76,"body":"them, but you can buy gold you"},{"speaker":"Prashant Kumar","startTime":1451.07,"endTime":1454.76,"body":"can buy, you can do whatever you"},{"speaker":"Prashant Kumar","startTime":1454.76,"endTime":1457.64,"body":"want to do with your money"},{"speaker":"Prashant Kumar","startTime":1454.76,"endTime":1457.64,"body":"because that's your money. So,"},{"speaker":"Prashant Kumar","startTime":1457.64,"endTime":1461.69,"body":"you can open an account is"},{"speaker":"Prashant Kumar","startTime":1457.64,"endTime":1461.69,"body":"called called self directed IRA."},{"speaker":"Prashant Kumar","startTime":1462.02,"endTime":1465.29,"body":"And then there are tons of"},{"speaker":"Prashant Kumar","startTime":1462.02,"endTime":1465.29,"body":"companies just type as the IRA,"},{"speaker":"Prashant Kumar","startTime":1465.47,"endTime":1468.62,"body":"you will find like hundreds of"},{"speaker":"Prashant Kumar","startTime":1465.47,"endTime":1468.62,"body":"companies which can be your"},{"speaker":"Prashant Kumar","startTime":1468.62,"endTime":1472.7,"body":"custodian and they give you have"},{"speaker":"Prashant Kumar","startTime":1468.62,"endTime":1472.7,"body":"the freedom to invest that money"},{"speaker":"Prashant Kumar","startTime":1472.7,"endTime":1477.26,"body":"into any asset class, including"},{"speaker":"Prashant Kumar","startTime":1472.7,"endTime":1477.26,"body":"real estate, the only thing you"},{"speaker":"Prashant Kumar","startTime":1477.26,"endTime":1482.57,"body":"have to be careful that you"},{"speaker":"Prashant Kumar","startTime":1477.26,"endTime":1482.57,"body":"cannot invest in, you cannot"},{"speaker":"Prashant Kumar","startTime":1483.05,"endTime":1487.28,"body":"invest in an asset which you"},{"speaker":"Prashant Kumar","startTime":1483.05,"endTime":1487.28,"body":"manage by yourself. And you can"},{"speaker":"Prashant Kumar","startTime":1487.31,"endTime":1492.65,"body":"you cannot invest into arm"},{"speaker":"Prashant Kumar","startTime":1487.31,"endTime":1492.65,"body":"length transaction means nobody"},{"speaker":"Prashant Kumar","startTime":1492.65,"endTime":1496.61,"body":"in your family's family side,"},{"speaker":"Prashant Kumar","startTime":1492.65,"endTime":1496.61,"body":"your family side or your"},{"speaker":"Prashant Kumar","startTime":1496.61,"endTime":1499.76,"body":"spouse's family side. You cannot"},{"speaker":"Prashant Kumar","startTime":1496.61,"endTime":1499.76,"body":"give that money to them."},{"speaker":"Prashant Kumar","startTime":1500.15,"endTime":1502.85,"body":"Otherwise, then it becomes a"},{"speaker":"Prashant Kumar","startTime":1500.15,"endTime":1502.85,"body":"disqualified transaction"},{"speaker":"Prashant Kumar","startTime":1502.85,"endTime":1507.32,"body":"prohibited transaction. But that"},{"speaker":"Prashant Kumar","startTime":1502.85,"endTime":1507.32,"body":"money can then passively be"},{"speaker":"Prashant Kumar","startTime":1507.32,"endTime":1511.43,"body":"invested in in in real estate"},{"speaker":"Prashant Kumar","startTime":1507.32,"endTime":1511.43,"body":"syndications. And, and the"},{"speaker":"Prashant Kumar","startTime":1511.43,"endTime":1515.03,"body":"returns will come back to your"},{"speaker":"Prashant Kumar","startTime":1511.43,"endTime":1515.03,"body":"IRA. And it is non taxable, of"},{"speaker":"Prashant Kumar","startTime":1515.03,"endTime":1518.45,"body":"course, if it is coming from my"},{"speaker":"Prashant Kumar","startTime":1515.03,"endTime":1518.45,"body":"going from my IRA, so return"},{"speaker":"Prashant Kumar","startTime":1518.45,"endTime":1522.41,"body":"goes to IRA. And that's your"},{"speaker":"Prashant Kumar","startTime":1518.45,"endTime":1522.41,"body":"choice. I mean, there are many,"},{"speaker":"Prashant Kumar","startTime":1522.41,"endTime":1527.18,"body":"many vehicles, you can open IRA,"},{"speaker":"Prashant Kumar","startTime":1522.41,"endTime":1527.18,"body":"you can open a company inside"},{"speaker":"Prashant Kumar","startTime":1527.18,"endTime":1531.77,"body":"IRA, cut the check from there."},{"speaker":"Prashant Kumar","startTime":1527.18,"endTime":1531.77,"body":"And can even the better thing is"},{"speaker":"Prashant Kumar","startTime":1531.77,"endTime":1536.06,"body":"solo 401k, you can, you can"},{"speaker":"Prashant Kumar","startTime":1531.77,"endTime":1536.06,"body":"convert that IRA into a solo"},{"speaker":"Prashant Kumar","startTime":1536.06,"endTime":1541.22,"body":"401k. And from where you can"},{"speaker":"Prashant Kumar","startTime":1536.06,"endTime":1541.22,"body":"invest in to liberals desert"},{"speaker":"Prashant Kumar","startTime":1541.22,"endTime":1545.33,"body":"also. And it's getting more"},{"speaker":"Prashant Kumar","startTime":1541.22,"endTime":1545.33,"body":"complicated, but solo 401k is"},{"speaker":"Prashant Kumar","startTime":1545.33,"endTime":1550.16,"body":"the best vehicle if you have an"},{"speaker":"Prashant Kumar","startTime":1545.33,"endTime":1550.16,"body":"IRA, convert that into solo"},{"speaker":"Prashant Kumar","startTime":1550.16,"endTime":1554.51,"body":"401k. And then you have a"},{"speaker":"Prashant Kumar","startTime":1550.16,"endTime":1554.51,"body":"checking account sacrificed, you"},{"speaker":"Prashant Kumar","startTime":1554.51,"endTime":1559.28,"body":"can invest from there into into"},{"speaker":"Prashant Kumar","startTime":1554.51,"endTime":1559.28,"body":"any leveraged asset and still"},{"speaker":"Prashant Kumar","startTime":1559.31,"endTime":1563.48,"body":"not be subject to UDF I"},{"speaker":"Prashant Kumar","startTime":1559.31,"endTime":1563.48,"body":"unrelated debt financing"},{"speaker":"Prashant Kumar","startTime":1563.51,"endTime":1567.2,"body":"attacks, you will not be subject"},{"speaker":"Prashant Kumar","startTime":1563.51,"endTime":1567.2,"body":"to that. So solo for if you have"},{"speaker":"Prashant Kumar","startTime":1567.2,"endTime":1570.11,"body":"to invest on my IRA, I would"},{"speaker":"Prashant Kumar","startTime":1567.2,"endTime":1570.11,"body":"recommend that you convert your"},{"speaker":"Prashant Kumar","startTime":1570.11,"endTime":1574.07,"body":"solo 401k as long as you get"},{"speaker":"Prashant Kumar","startTime":1570.11,"endTime":1574.07,"body":"qualified. So look, look up for"},{"speaker":"Prashant Kumar","startTime":1574.07,"endTime":1577.37,"body":"that onto the internet. And if"},{"speaker":"Prashant Kumar","startTime":1574.07,"endTime":1577.37,"body":"you need any information, send"},{"speaker":"Prashant Kumar","startTime":1577.37,"endTime":1579.29,"body":"me an email I can walk you"},{"speaker":"Prashant Kumar","startTime":1577.37,"endTime":1579.29,"body":"through because it's a little"},{"speaker":"Prashant Kumar","startTime":1579.29,"endTime":1584.42,"body":"bit more complicated than just"},{"speaker":"Prashant Kumar","startTime":1579.29,"endTime":1584.42,"body":"talking in few minutes. But yes,"},{"speaker":"Prashant Kumar","startTime":1584.42,"endTime":1588.2,"body":"you can invest into any asset"},{"speaker":"Prashant Kumar","startTime":1584.42,"endTime":1588.2,"body":"class through self directed IRA"},{"speaker":"Prashant Kumar","startTime":1588.26,"endTime":1593.15,"body":"or through solo 401k. Solo 401k,"},{"speaker":"Prashant Kumar","startTime":1588.26,"endTime":1593.15,"body":"in my mind is a better vehicle."},{"speaker":"Mike Cavaggioni","startTime":1593.33,"endTime":1595.31,"body":"Awesome. And"},{"speaker":"Mike Cavaggioni","startTime":1593.33,"endTime":1595.31,"body":"I'll make sure I have your email"},{"speaker":"Mike Cavaggioni","startTime":1595.31,"endTime":1597.26,"body":"address and stuff in the show"},{"speaker":"Mike Cavaggioni","startTime":1595.31,"endTime":1597.26,"body":"notes too, for anybody that"},{"speaker":"Mike Cavaggioni","startTime":1597.26,"endTime":1599.51,"body":"wants to reach out with those"},{"speaker":"Mike Cavaggioni","startTime":1597.26,"endTime":1599.51,"body":"questions. So yeah, that's"},{"speaker":"Mike Cavaggioni","startTime":1599.51,"endTime":1602.03,"body":"really awesome. And thank you"},{"speaker":"Mike Cavaggioni","startTime":1599.51,"endTime":1602.03,"body":"for opening up like that, to"},{"speaker":"Mike Cavaggioni","startTime":1602.03,"endTime":1604.31,"body":"allow folks to reach out to you."},{"speaker":"Mike Cavaggioni","startTime":1602.03,"endTime":1604.31,"body":"That's that's really"},{"speaker":"Prashant Kumar","startTime":1604.91,"endTime":1607.25,"body":"No problem."},{"speaker":"Prashant Kumar","startTime":1604.91,"endTime":1607.25,"body":"Yeah, no, I love it. You know, I"},{"speaker":"Prashant Kumar","startTime":1607.25,"endTime":1610.97,"body":"love to connect with new people."},{"speaker":"Prashant Kumar","startTime":1607.25,"endTime":1610.97,"body":"I mean, you would have my email"},{"speaker":"Prashant Kumar","startTime":1610.97,"endTime":1613.82,"body":"address, and please type in a"},{"speaker":"Prashant Kumar","startTime":1610.97,"endTime":1613.82,"body":"please leave my phone number."},{"speaker":"Prashant Kumar","startTime":1613.82,"endTime":1615.83,"body":"Also, I would love to talk to"},{"speaker":"Prashant Kumar","startTime":1613.82,"endTime":1615.83,"body":"anybody, you know?"},{"speaker":"Mike Cavaggioni","startTime":1615.87,"endTime":1618.75,"body":"Yeah. 100%? For"},{"speaker":"Mike Cavaggioni","startTime":1615.87,"endTime":1618.75,"body":"sure. Okay, so I got another"},{"speaker":"Mike Cavaggioni","startTime":1618.75,"endTime":1623.58,"body":"question for you. And this is"},{"speaker":"Mike Cavaggioni","startTime":1618.75,"endTime":1623.58,"body":"more about. So we keep talking"},{"speaker":"Mike Cavaggioni","startTime":1623.58,"endTime":1628.62,"body":"about how, you know, you get"},{"speaker":"Mike Cavaggioni","startTime":1623.58,"endTime":1628.62,"body":"this passive cash flow with with"},{"speaker":"Mike Cavaggioni","startTime":1628.71,"endTime":1632.43,"body":"multifamily real estate, and"},{"speaker":"Mike Cavaggioni","startTime":1628.71,"endTime":1632.43,"body":"you're building your wealth. So"},{"speaker":"Mike Cavaggioni","startTime":1632.73,"endTime":1636.99,"body":"how can you use that to build"},{"speaker":"Mike Cavaggioni","startTime":1632.73,"endTime":1636.99,"body":"generational wealth for the"},{"speaker":"Mike Cavaggioni","startTime":1636.99,"endTime":1639.3,"body":"future of your family, you know,"},{"speaker":"Mike Cavaggioni","startTime":1636.99,"endTime":1639.3,"body":"for your children and your"},{"speaker":"Mike Cavaggioni","startTime":1639.3,"endTime":1642.51,"body":"children's children? How can you"},{"speaker":"Mike Cavaggioni","startTime":1639.3,"endTime":1642.51,"body":"utilize real estate to do that?"},{"speaker":"Prashant Kumar","startTime":1642.0,"endTime":1644.61,"body":"It is the"},{"speaker":"Prashant Kumar","startTime":1642.0,"endTime":1644.61,"body":"compounding effect, you know,"},{"speaker":"Prashant Kumar","startTime":1644.64,"endTime":1647.85,"body":"you it is the compounding"},{"speaker":"Prashant Kumar","startTime":1644.64,"endTime":1647.85,"body":"effect, yes, you are an ultra,"},{"speaker":"Prashant Kumar","startTime":1648.09,"endTime":1651.57,"body":"ultra busy professional, right,"},{"speaker":"Prashant Kumar","startTime":1648.09,"endTime":1651.57,"body":"you are making two $300,000 a"},{"speaker":"Prashant Kumar","startTime":1651.57,"endTime":1657.21,"body":"year and are on top of it, you"},{"speaker":"Prashant Kumar","startTime":1651.57,"endTime":1657.21,"body":"started making another 100 200"},{"speaker":"Prashant Kumar","startTime":1657.36,"endTime":1661.26,"body":"$300,000 per year passively. So"},{"speaker":"Prashant Kumar","startTime":1657.36,"endTime":1661.26,"body":"think about how much money you"},{"speaker":"Prashant Kumar","startTime":1661.26,"endTime":1665.82,"body":"have coming in, not just from"},{"speaker":"Prashant Kumar","startTime":1661.26,"endTime":1665.82,"body":"your income, it's all the"},{"speaker":"Prashant Kumar","startTime":1665.82,"endTime":1669.0,"body":"investments are bringing all"},{"speaker":"Prashant Kumar","startTime":1665.82,"endTime":1669.0,"body":"that income to you, plus your"},{"speaker":"Prashant Kumar","startTime":1669.03,"endTime":1673.38,"body":"IRAs they are bringing into all"},{"speaker":"Prashant Kumar","startTime":1669.03,"endTime":1673.38,"body":"the 401k that money that you are"},{"speaker":"Prashant Kumar","startTime":1673.38,"endTime":1676.98,"body":"not paying taxes on, they are"},{"speaker":"Prashant Kumar","startTime":1673.38,"endTime":1676.98,"body":"also generating the income for"},{"speaker":"Prashant Kumar","startTime":1676.98,"endTime":1680.85,"body":"you. So the next thing you know,"},{"speaker":"Prashant Kumar","startTime":1676.98,"endTime":1680.85,"body":"by the time you are 4045, you"},{"speaker":"Prashant Kumar","startTime":1680.85,"endTime":1684.72,"body":"have a net worth is growing like"},{"speaker":"Prashant Kumar","startTime":1680.85,"endTime":1684.72,"body":"doubling every three, four"},{"speaker":"Prashant Kumar","startTime":1684.72,"endTime":1689.85,"body":"years. So it's a compounding"},{"speaker":"Prashant Kumar","startTime":1684.72,"endTime":1689.85,"body":"effect by the time you are 60. I"},{"speaker":"Prashant Kumar","startTime":1689.85,"endTime":1692.85,"body":"mean, I can put it in the"},{"speaker":"Prashant Kumar","startTime":1689.85,"endTime":1692.85,"body":"spreadsheet and your eyes will"},{"speaker":"Prashant Kumar","startTime":1693.12,"endTime":1695.76,"body":"you'll be blown away. How much"},{"speaker":"Prashant Kumar","startTime":1693.12,"endTime":1695.76,"body":"money will you would you have at"},{"speaker":"Prashant Kumar","startTime":1695.76,"endTime":1701.13,"body":"65? Yeah, you're right. I mean,"},{"speaker":"Prashant Kumar","startTime":1695.76,"endTime":1701.13,"body":"you're, I mean at a very, very"},{"speaker":"Prashant Kumar","startTime":1701.28,"endTime":1705.48,"body":"humble level, if you're saving"},{"speaker":"Prashant Kumar","startTime":1701.28,"endTime":1705.48,"body":"only 50,000 per year from your"},{"speaker":"Prashant Kumar","startTime":1705.48,"endTime":1713.94,"body":"job and investing 18,000 20,000"},{"speaker":"Prashant Kumar","startTime":1705.48,"endTime":1713.94,"body":"in your in your 401k all that"},{"speaker":"Prashant Kumar","startTime":1713.97,"endTime":1718.59,"body":"compounded by the time you are"},{"speaker":"Prashant Kumar","startTime":1713.97,"endTime":1718.59,"body":"6065 you will have you will have"},{"speaker":"Prashant Kumar","startTime":1718.59,"endTime":1721.53,"body":"at least 10 $15 million in"},{"speaker":"Prashant Kumar","startTime":1718.59,"endTime":1721.53,"body":"Europe if you are if you are"},{"speaker":"Prashant Kumar","startTime":1721.53,"endTime":1727.89,"body":"saving $50,000 per year from the"},{"speaker":"Prashant Kumar","startTime":1721.53,"endTime":1727.89,"body":"age of 20. And if we are saving"},{"speaker":"Prashant Kumar","startTime":1728.1,"endTime":1732.51,"body":"20,000 in your 401k that is what"},{"speaker":"Prashant Kumar","startTime":1728.1,"endTime":1732.51,"body":"you are saving and you are"},{"speaker":"Prashant Kumar","startTime":1732.51,"endTime":1737.43,"body":"compounding it by 12% forget"},{"speaker":"Prashant Kumar","startTime":1732.51,"endTime":1737.43,"body":"about 15% if you're compounding"},{"speaker":"Prashant Kumar","startTime":1737.43,"endTime":1742.47,"body":"it by 12% by the time you are 50"},{"speaker":"Prashant Kumar","startTime":1737.43,"endTime":1742.47,"body":"you will have at least $20"},{"speaker":"Prashant Kumar","startTime":1742.47,"endTime":1745.98,"body":"million in your account. So So"},{"speaker":"Prashant Kumar","startTime":1742.47,"endTime":1745.98,"body":"isn't that enough generational"},{"speaker":"Prashant Kumar","startTime":1745.98,"endTime":1749.58,"body":"wealth? Yeah, yeah, that's"},{"speaker":"Prashant Kumar","startTime":1745.98,"endTime":1749.58,"body":"definitely gonna be enough to be"},{"speaker":"Prashant Kumar","startTime":1749.58,"endTime":1753.12,"body":"helpful I think for the future"},{"speaker":"Prashant Kumar","startTime":1749.58,"endTime":1753.12,"body":"your family, right? So are we"},{"speaker":"Prashant Kumar","startTime":1753.12,"endTime":1755.94,"body":"you can create I mean, I'm trust"},{"speaker":"Prashant Kumar","startTime":1753.12,"endTime":1755.94,"body":"me, you know, this is"},{"speaker":"Prashant Kumar","startTime":1755.94,"endTime":1761.16,"body":"mesmerizing to me. I'm such a"},{"speaker":"Prashant Kumar","startTime":1755.94,"endTime":1761.16,"body":"big advocate of start saving"},{"speaker":"Prashant Kumar","startTime":1761.19,"endTime":1765.99,"body":"early, start investing early,"},{"speaker":"Prashant Kumar","startTime":1761.19,"endTime":1765.99,"body":"sooner you start better it is"},{"speaker":"Prashant Kumar","startTime":1765.99,"endTime":1770.4,"body":"for you for your life. On top of"},{"speaker":"Prashant Kumar","startTime":1765.99,"endTime":1770.4,"body":"that, if you get into jump into"},{"speaker":"Prashant Kumar","startTime":1770.4,"endTime":1773.25,"body":"real estate and you become a"},{"speaker":"Prashant Kumar","startTime":1770.4,"endTime":1773.25,"body":"real estate professional, the"},{"speaker":"Prashant Kumar","startTime":1773.25,"endTime":1777.15,"body":"depreciation that you are"},{"speaker":"Prashant Kumar","startTime":1773.25,"endTime":1777.15,"body":"achieving, is wiping off your"},{"speaker":"Prashant Kumar","startTime":1777.18,"endTime":1781.95,"body":"income. Right so so all this"},{"speaker":"Prashant Kumar","startTime":1777.18,"endTime":1781.95,"body":"money you are making is without"},{"speaker":"Prashant Kumar","startTime":1782.07,"endTime":1786.36,"body":"paying, I don't want to say a"},{"speaker":"Prashant Kumar","startTime":1782.07,"endTime":1786.36,"body":"lot of taxes, you are reducing"},{"speaker":"Prashant Kumar","startTime":1786.36,"endTime":1789.63,"body":"your tax liabilities in real"},{"speaker":"Prashant Kumar","startTime":1786.36,"endTime":1789.63,"body":"estate. So all the money that"},{"speaker":"Prashant Kumar","startTime":1789.63,"endTime":1794.01,"body":"you are making, I mean, and you"},{"speaker":"Prashant Kumar","startTime":1789.63,"endTime":1794.01,"body":"know that the world our tax"},{"speaker":"Prashant Kumar","startTime":1794.01,"endTime":1799.65,"body":"codes operate in such a way that"},{"speaker":"Prashant Kumar","startTime":1794.01,"endTime":1799.65,"body":"it gives opportunities to buy"},{"speaker":"Prashant Kumar","startTime":1799.92,"endTime":1803.16,"body":"more and more assets to real"},{"speaker":"Prashant Kumar","startTime":1799.92,"endTime":1803.16,"body":"estate professionals. That's how"},{"speaker":"Prashant Kumar","startTime":1803.16,"endTime":1806.7,"body":"our codes are written. It's not"},{"speaker":"Prashant Kumar","startTime":1803.16,"endTime":1806.7,"body":"a loophole, all commercial real"},{"speaker":"Prashant Kumar","startTime":1806.7,"endTime":1812.28,"body":"estate can be depreciated at a"},{"speaker":"Prashant Kumar","startTime":1806.7,"endTime":1812.28,"body":"much faster pace within five to"},{"speaker":"Prashant Kumar","startTime":1812.58,"endTime":1817.26,"body":"10 years, you can appreciate 40%"},{"speaker":"Prashant Kumar","startTime":1812.58,"endTime":1817.26,"body":"of the your real estate"},{"speaker":"Prashant Kumar","startTime":1817.26,"endTime":1822.18,"body":"acquisition cost, or equity"},{"speaker":"Prashant Kumar","startTime":1817.26,"endTime":1822.18,"body":"acquisition cost and within five"},{"speaker":"Prashant Kumar","startTime":1822.18,"endTime":1827.64,"body":"to 10 years 40% I mean, what"},{"speaker":"Prashant Kumar","startTime":1822.18,"endTime":1827.64,"body":"else we want, I mean, it's like"},{"speaker":"Prashant Kumar","startTime":1827.64,"endTime":1832.62,"body":"you are making money and not not"},{"speaker":"Prashant Kumar","startTime":1827.64,"endTime":1832.62,"body":"paying taxes. So you're 15% if"},{"speaker":"Prashant Kumar","startTime":1832.62,"endTime":1836.04,"body":"you were to pay taxes on that,"},{"speaker":"Prashant Kumar","startTime":1832.62,"endTime":1836.04,"body":"it, you know, it will become 9%"},{"speaker":"Prashant Kumar","startTime":1836.52,"endTime":1841.35,"body":"or six 8%. But if you have to"},{"speaker":"Prashant Kumar","startTime":1836.52,"endTime":1841.35,"body":"keep that whole 15% and"},{"speaker":"Prashant Kumar","startTime":1841.35,"endTime":1846.57,"body":"reinvested and continue to"},{"speaker":"Prashant Kumar","startTime":1841.35,"endTime":1846.57,"body":"reinvest it, I am tempted to"},{"speaker":"Prashant Kumar","startTime":1846.57,"endTime":1852.87,"body":"create a spreadsheet and show"},{"speaker":"Prashant Kumar","startTime":1846.57,"endTime":1852.87,"body":"you someday, in five years, in"},{"speaker":"Prashant Kumar","startTime":1852.87,"endTime":1855.45,"body":"five years, if you are"},{"speaker":"Prashant Kumar","startTime":1852.87,"endTime":1855.45,"body":"consistently doing real estate"},{"speaker":"Prashant Kumar","startTime":1855.45,"endTime":1858.9,"body":"in five years, you can become a"},{"speaker":"Prashant Kumar","startTime":1855.45,"endTime":1858.9,"body":"real estate professional. Once"},{"speaker":"Prashant Kumar","startTime":1858.9,"endTime":1861.66,"body":"you become a real professional,"},{"speaker":"Prashant Kumar","startTime":1858.9,"endTime":1861.66,"body":"the sky's the limit for you."},{"speaker":"Prashant Kumar","startTime":1862.08,"endTime":1867.39,"body":"sky's the limit for you. And and"},{"speaker":"Prashant Kumar","startTime":1862.08,"endTime":1867.39,"body":"basically, you know, you can"},{"speaker":"Prashant Kumar","startTime":1867.42,"endTime":1870.87,"body":"continue to grow that I mean,"},{"speaker":"Prashant Kumar","startTime":1867.42,"endTime":1870.87,"body":"I'm gonna I'm already teaching"},{"speaker":"Prashant Kumar","startTime":1870.87,"endTime":1875.49,"body":"real estate to my kids. Yeah,"},{"speaker":"Prashant Kumar","startTime":1870.87,"endTime":1875.49,"body":"they are like, you know, they"},{"speaker":"Prashant Kumar","startTime":1875.49,"endTime":1878.64,"body":"beat me in my in that game, you"},{"speaker":"Prashant Kumar","startTime":1875.49,"endTime":1878.64,"body":"know, catalog game, you know,"},{"speaker":"Prashant Kumar","startTime":1879.15,"endTime":1880.56,"body":"all the time, honestly,"},{"speaker":"Mike Cavaggioni","startTime":1880.56,"endTime":1882.0,"body":"It's great. You"},{"speaker":"Mike Cavaggioni","startTime":1880.56,"endTime":1882.0,"body":"guys played? How old? Are you"},{"speaker":"Mike Cavaggioni","startTime":1882.0,"endTime":1882.51,"body":"kids?"},{"speaker":"Prashant Kumar","startTime":1882.6,"endTime":1885.69,"body":"I mean, I played"},{"speaker":"Prashant Kumar","startTime":1882.6,"endTime":1885.69,"body":"my son is is nine. My daughter"},{"speaker":"Prashant Kumar","startTime":1885.69,"endTime":1890.1,"body":"is in high school? Of course."},{"speaker":"Prashant Kumar","startTime":1885.69,"endTime":1890.1,"body":"It's me for sure. Yeah, I've"},{"speaker":"Prashant Kumar","startTime":1890.1,"endTime":1892.41,"body":"been playing with them for last,"},{"speaker":"Prashant Kumar","startTime":1890.1,"endTime":1892.41,"body":"you know, I don't know how many"},{"speaker":"Prashant Kumar","startTime":1892.41,"endTime":1895.62,"body":"years you know. So that's the"},{"speaker":"Prashant Kumar","startTime":1892.41,"endTime":1895.62,"body":"mindset that we have to develop,"},{"speaker":"Prashant Kumar","startTime":1895.65,"endTime":1896.04,"body":"you know?"},{"speaker":"Mike Cavaggioni","startTime":1896.16,"endTime":1899.34,"body":"Yeah. Right on."},{"speaker":"Mike Cavaggioni","startTime":1896.16,"endTime":1899.34,"body":"That's, that's fantastic stuff."},{"speaker":"Mike Cavaggioni","startTime":1899.34,"endTime":1904.17,"body":"So, okay, so speaking of real"},{"speaker":"Mike Cavaggioni","startTime":1899.34,"endTime":1904.17,"body":"estate, right, and like, I want"},{"speaker":"Mike Cavaggioni","startTime":1904.17,"endTime":1906.45,"body":"to talk a little bit about, you"},{"speaker":"Mike Cavaggioni","startTime":1904.17,"endTime":1906.45,"body":"know, because we're talking"},{"speaker":"Mike Cavaggioni","startTime":1906.45,"endTime":1908.43,"body":"about all the good things, but I"},{"speaker":"Mike Cavaggioni","startTime":1906.45,"endTime":1908.43,"body":"want to talk about, like some"},{"speaker":"Mike Cavaggioni","startTime":1908.43,"endTime":1912.12,"body":"things that you've seen gone"},{"speaker":"Mike Cavaggioni","startTime":1908.43,"endTime":1912.12,"body":"wrong. So what what are some of"},{"speaker":"Mike Cavaggioni","startTime":1912.12,"endTime":1914.55,"body":"the things that you've seen"},{"speaker":"Mike Cavaggioni","startTime":1912.12,"endTime":1914.55,"body":"gone, like, go wrong in a deal,"},{"speaker":"Mike Cavaggioni","startTime":1914.58,"endTime":1916.08,"body":"like, especially during a"},{"speaker":"Mike Cavaggioni","startTime":1914.58,"endTime":1916.08,"body":"closing"},{"speaker":"Prashant Kumar","startTime":1916.3,"endTime":1918.7,"body":"All I can say is"},{"speaker":"Prashant Kumar","startTime":1916.3,"endTime":1918.7,"body":"not everybody's same in this"},{"speaker":"Prashant Kumar","startTime":1918.7,"endTime":1923.02,"body":"world, there are people who have"},{"speaker":"Prashant Kumar","startTime":1918.7,"endTime":1923.02,"body":"not read in that sense many"},{"speaker":"Prashant Kumar","startTime":1923.02,"endTime":1927.07,"body":"times, you know, so anything can"},{"speaker":"Prashant Kumar","startTime":1923.02,"endTime":1927.07,"body":"go wrong. In my closing, there"},{"speaker":"Prashant Kumar","startTime":1927.07,"endTime":1930.16,"body":"are hundreds of 1000s of things"},{"speaker":"Prashant Kumar","startTime":1927.07,"endTime":1930.16,"body":"which can go wrong by the"},{"speaker":"Prashant Kumar","startTime":1930.16,"endTime":1932.98,"body":"company may screw up, I mean,"},{"speaker":"Prashant Kumar","startTime":1930.16,"endTime":1932.98,"body":"seller may have an open permit"},{"speaker":"Prashant Kumar","startTime":1932.98,"endTime":1937.27,"body":"on the property. But you know,"},{"speaker":"Prashant Kumar","startTime":1932.98,"endTime":1937.27,"body":"your bank may say that they're"},{"speaker":"Prashant Kumar","startTime":1937.27,"endTime":1940.66,"body":"gonna raise the raise the"},{"speaker":"Prashant Kumar","startTime":1937.27,"endTime":1940.66,"body":"interest rate, they may reduce"},{"speaker":"Prashant Kumar","startTime":1940.66,"endTime":1944.11,"body":"the proceeds, they may be 1000,"},{"speaker":"Prashant Kumar","startTime":1940.66,"endTime":1944.11,"body":"things that could go wrong,"},{"speaker":"Prashant Kumar","startTime":1944.17,"endTime":1948.07,"body":"anything that you can think of"},{"speaker":"Prashant Kumar","startTime":1944.17,"endTime":1948.07,"body":"can go wrong, during closing"},{"speaker":"Prashant Kumar","startTime":1948.1,"endTime":1952.18,"body":"time, you know, you may not buy,"},{"speaker":"Prashant Kumar","startTime":1948.1,"endTime":1952.18,"body":"you may not be able to buy rate"},{"speaker":"Prashant Kumar","startTime":1952.18,"endTime":1956.65,"body":"cap lock, the company send the"},{"speaker":"Prashant Kumar","startTime":1952.18,"endTime":1956.65,"body":"wire, the wire got screwed, your"},{"speaker":"Prashant Kumar","startTime":1956.71,"endTime":1960.1,"body":"last investor did not send you"},{"speaker":"Prashant Kumar","startTime":1956.71,"endTime":1960.1,"body":"the check, you know, somebody"},{"speaker":"Prashant Kumar","startTime":1960.43,"endTime":1964.6,"body":"died, somebody was an offshore,"},{"speaker":"Prashant Kumar","startTime":1960.43,"endTime":1964.6,"body":"they couldn't come come in to"},{"speaker":"Prashant Kumar","startTime":1964.63,"endTime":1971.11,"body":"sign the document, that the UPS"},{"speaker":"Prashant Kumar","startTime":1964.63,"endTime":1971.11,"body":"driver was coming to your home,"},{"speaker":"Prashant Kumar","startTime":1971.5,"endTime":1975.28,"body":"ahead of tire puncture. So"},{"speaker":"Prashant Kumar","startTime":1971.5,"endTime":1975.28,"body":"anything and everything can go"},{"speaker":"Prashant Kumar","startTime":1975.28,"endTime":1978.82,"body":"wrong, you know, so I can talk"},{"speaker":"Prashant Kumar","startTime":1975.28,"endTime":1978.82,"body":"about it. That's, that's a topic"},{"speaker":"Prashant Kumar","startTime":1978.82,"endTime":1982.42,"body":"in itself, you know, anything"},{"speaker":"Prashant Kumar","startTime":1978.82,"endTime":1982.42,"body":"can go wrong, then on top of"},{"speaker":"Prashant Kumar","startTime":1982.42,"endTime":1986.62,"body":"that, your private equity guy"},{"speaker":"Prashant Kumar","startTime":1982.42,"endTime":1986.62,"body":"who was willing to give you the"},{"speaker":"Prashant Kumar","startTime":1986.62,"endTime":1989.89,"body":"money may choose not to give you"},{"speaker":"Prashant Kumar","startTime":1986.62,"endTime":1989.89,"body":"the money at the last moment,"},{"speaker":"Prashant Kumar","startTime":1990.22,"endTime":1993.79,"body":"that could go wrong. I mean,"},{"speaker":"Prashant Kumar","startTime":1990.22,"endTime":1993.79,"body":"that happens all the time. That"},{"speaker":"Prashant Kumar","startTime":1993.79,"endTime":1997.18,"body":"people in the world, yes, there"},{"speaker":"Prashant Kumar","startTime":1993.79,"endTime":1997.18,"body":"are people in the world who may"},{"speaker":"Prashant Kumar","startTime":1997.18,"endTime":2000.57,"body":"say that they are going to give"},{"speaker":"Prashant Kumar","startTime":1997.18,"endTime":2000.57,"body":"you the money and they may fool"},{"speaker":"Prashant Kumar","startTime":2000.57,"endTime":2003.24,"body":"you at the last minute, then you"},{"speaker":"Prashant Kumar","startTime":2000.57,"endTime":2003.24,"body":"say okay, I was gonna give you"},{"speaker":"Prashant Kumar","startTime":2003.24,"endTime":2008.49,"body":"the money at 9%. Now I want 1%"},{"speaker":"Prashant Kumar","startTime":2003.24,"endTime":2008.49,"body":"just because he has not cut the"},{"speaker":"Prashant Kumar","startTime":2008.49,"endTime":2013.74,"body":"check and you are hard. And and"},{"speaker":"Prashant Kumar","startTime":2008.49,"endTime":2013.74,"body":"you don't have a choice. So you"},{"speaker":"Prashant Kumar","startTime":2013.74,"endTime":2017.46,"body":"end up losing that money, you"},{"speaker":"Prashant Kumar","startTime":2013.74,"endTime":2017.46,"body":"know, so there's a lot of things"},{"speaker":"Prashant Kumar","startTime":2017.46,"endTime":2021.18,"body":"that could have could go wrong,"},{"speaker":"Prashant Kumar","startTime":2017.46,"endTime":2021.18,"body":"just be prepared. important new"},{"speaker":"Prashant Kumar","startTime":2021.27,"endTime":2024.72,"body":"experiences, finalize these"},{"speaker":"Prashant Kumar","startTime":2021.27,"endTime":2024.72,"body":"things at least two, three weeks"},{"speaker":"Prashant Kumar","startTime":2024.72,"endTime":2028.02,"body":"before closing? Is You never"},{"speaker":"Prashant Kumar","startTime":2024.72,"endTime":2028.02,"body":"know. Yeah. And anything and"},{"speaker":"Prashant Kumar","startTime":2028.02,"endTime":2031.35,"body":"everything, like you said can"},{"speaker":"Prashant Kumar","startTime":2028.02,"endTime":2031.35,"body":"can go wrong. And if you're"},{"speaker":"Prashant Kumar","startTime":2031.35,"endTime":2036.09,"body":"prepared for the worst, and you"},{"speaker":"Prashant Kumar","startTime":2031.35,"endTime":2036.09,"body":"hope for the best, then when"},{"speaker":"Prashant Kumar","startTime":2036.09,"endTime":2039.45,"body":"those things do go wrong, it's"},{"speaker":"Prashant Kumar","startTime":2036.09,"endTime":2039.45,"body":"not going to bear this kind of I"},{"speaker":"Prashant Kumar","startTime":2039.45,"endTime":2041.79,"body":"it has happened with me. You"},{"speaker":"Prashant Kumar","startTime":2039.45,"endTime":2041.79,"body":"know, it's not that I'm making"},{"speaker":"Prashant Kumar","startTime":2041.79,"endTime":2045.39,"body":"it up. It has happened you know,"},{"speaker":"Prashant Kumar","startTime":2041.79,"endTime":2045.39,"body":"the last night the night before"},{"speaker":"Prashant Kumar","startTime":2045.39,"endTime":2048.69,"body":"the closing. Eight o'clock in"},{"speaker":"Prashant Kumar","startTime":2045.39,"endTime":2048.69,"body":"the morning was the closing nine"},{"speaker":"Prashant Kumar","startTime":2048.69,"endTime":2052.41,"body":"o'clock. 10 o'clock. 12 o'clock"},{"speaker":"Prashant Kumar","startTime":2048.69,"endTime":2052.41,"body":"in the night biodegradation SSH"},{"speaker":"Prashant Kumar","startTime":2052.41,"endTime":2057.39,"body":"is not gonna give me the money."},{"speaker":"Prashant Kumar","startTime":2052.41,"endTime":2057.39,"body":"My six months worth of hard"},{"speaker":"Prashant Kumar","startTime":2057.39,"endTime":2060.87,"body":"income boom disappeared in one"},{"speaker":"Prashant Kumar","startTime":2057.39,"endTime":2060.87,"body":"second and on top of it. I ended"},{"speaker":"Prashant Kumar","startTime":2060.87,"endTime":2063.48,"body":"up losing money. I mean, not"},{"speaker":"Prashant Kumar","startTime":2060.87,"endTime":2063.48,"body":"that I did not lose money. The"},{"speaker":"Prashant Kumar","startTime":2063.48,"endTime":2066.78,"body":"guy was good enough. He returned"},{"speaker":"Prashant Kumar","startTime":2063.48,"endTime":2066.78,"body":"us them in our hard money,"},{"speaker":"Prashant Kumar","startTime":2066.78,"endTime":2070.95,"body":"whatever. The point is, the"},{"speaker":"Prashant Kumar","startTime":2066.78,"endTime":2070.95,"body":"sneaky people in the world to"},{"speaker":"Prashant Kumar","startTime":2070.95,"endTime":2074.28,"body":"protect yourself. There is"},{"speaker":"Prashant Kumar","startTime":2070.95,"endTime":2074.28,"body":"something called writing writing"},{"speaker":"Prashant Kumar","startTime":2074.28,"endTime":2079.11,"body":"a contract beforehand. Yes."},{"speaker":"Prashant Kumar","startTime":2074.28,"endTime":2079.11,"body":"That's super important. Yes,"},{"speaker":"Prashant Kumar","startTime":2079.14,"endTime":2082.14,"body":"this you know, just be careful"},{"speaker":"Prashant Kumar","startTime":2079.14,"endTime":2082.14,"body":"because it's a lot of lot of"},{"speaker":"Prashant Kumar","startTime":2082.14,"endTime":2086.73,"body":"money. You're not talking about"},{"speaker":"Prashant Kumar","startTime":2082.14,"endTime":2086.73,"body":"2030 $50,000 here. You're"},{"speaker":"Prashant Kumar","startTime":2086.73,"endTime":2090.75,"body":"talking about millions and"},{"speaker":"Prashant Kumar","startTime":2086.73,"endTime":2090.75,"body":"millions of dollars. I mean, I'm"},{"speaker":"Prashant Kumar","startTime":2090.75,"endTime":2094.11,"body":"talking about the deals that I"},{"speaker":"Prashant Kumar","startTime":2090.75,"endTime":2094.11,"body":"deal in. And you know, your"},{"speaker":"Prashant Kumar","startTime":2094.29,"endTime":2097.89,"body":"multi million dollar deal you"},{"speaker":"Prashant Kumar","startTime":2094.29,"endTime":2097.89,"body":"need $6 million from somebody"},{"speaker":"Prashant Kumar","startTime":2098.34,"endTime":2101.79,"body":"here closing tomorrow morning"},{"speaker":"Prashant Kumar","startTime":2098.34,"endTime":2101.79,"body":"directly to the escrow agent and"},{"speaker":"Prashant Kumar","startTime":2101.79,"endTime":2104.34,"body":"you chose not to do that. Boom,"},{"speaker":"Prashant Kumar","startTime":2101.79,"endTime":2104.34,"body":"you're done."},{"speaker":"Mike Cavaggioni","startTime":2104.52,"endTime":2106.32,"body":"Yep. Now you"},{"speaker":"Mike Cavaggioni","startTime":2104.52,"endTime":2106.32,"body":"don't have the money to put"},{"speaker":"Mike Cavaggioni","startTime":2106.32,"endTime":2109.53,"body":"down. And that's it, the deal is"},{"speaker":"Mike Cavaggioni","startTime":2106.32,"endTime":2109.53,"body":"going away. Alright, one more"},{"speaker":"Mike Cavaggioni","startTime":2109.53,"endTime":2113.31,"body":"question for you. And this is,"},{"speaker":"Mike Cavaggioni","startTime":2109.53,"endTime":2113.31,"body":"you know, Prashant, with all of"},{"speaker":"Mike Cavaggioni","startTime":2113.31,"endTime":2118.2,"body":"your experience, you know, are"},{"speaker":"Mike Cavaggioni","startTime":2113.31,"endTime":2118.2,"body":"there any last tips or tricks"},{"speaker":"Mike Cavaggioni","startTime":2118.2,"endTime":2122.07,"body":"that you would recommend for"},{"speaker":"Mike Cavaggioni","startTime":2118.2,"endTime":2122.07,"body":"someone who is just getting"},{"speaker":"Mike Cavaggioni","startTime":2122.07,"endTime":2126.96,"body":"ready to get started, maybe as a"},{"speaker":"Mike Cavaggioni","startTime":2122.07,"endTime":2126.96,"body":"limited partner into their first"},{"speaker":"Mike Cavaggioni","startTime":2126.96,"endTime":2127.62,"body":"syndication"},{"speaker":"Prashant Kumar","startTime":2127.8,"endTime":2131.79,"body":"Well, learn to"},{"speaker":"Prashant Kumar","startTime":2127.8,"endTime":2131.79,"body":"walk before you start running? I"},{"speaker":"Prashant Kumar","startTime":2131.79,"endTime":2136.65,"body":"mean, you said, right, start"},{"speaker":"Prashant Kumar","startTime":2131.79,"endTime":2136.65,"body":"investing as a limited partner"},{"speaker":"Prashant Kumar","startTime":2136.65,"endTime":2139.59,"body":"with somebody. And if you really"},{"speaker":"Prashant Kumar","startTime":2136.65,"endTime":2139.59,"body":"want to become a general"},{"speaker":"Prashant Kumar","startTime":2139.59,"endTime":2143.46,"body":"partner, start helping somebody"},{"speaker":"Prashant Kumar","startTime":2139.59,"endTime":2143.46,"body":"out maybe for free, show them"},{"speaker":"Prashant Kumar","startTime":2143.46,"endTime":2147.66,"body":"that you are serious, and maybe"},{"speaker":"Prashant Kumar","startTime":2143.46,"endTime":2147.66,"body":"get into them with, with their"},{"speaker":"Prashant Kumar","startTime":2147.66,"endTime":2152.34,"body":"deal with your efforts, rather"},{"speaker":"Prashant Kumar","startTime":2147.66,"endTime":2152.34,"body":"than going yourself out and"},{"speaker":"Prashant Kumar","startTime":2152.34,"endTime":2156.27,"body":"trying to do $10 million dollar"},{"speaker":"Prashant Kumar","startTime":2152.34,"endTime":2156.27,"body":"deal by your, by yourself on day"},{"speaker":"Prashant Kumar","startTime":2156.27,"endTime":2162.42,"body":"one. So the best thing to learn,"},{"speaker":"Prashant Kumar","startTime":2156.27,"endTime":2162.42,"body":"in my mind is to by helping"},{"speaker":"Prashant Kumar","startTime":2162.42,"endTime":2166.77,"body":"others, you know, and in return,"},{"speaker":"Prashant Kumar","startTime":2162.42,"endTime":2166.77,"body":"you know, it's just to keep"},{"speaker":"Prashant Kumar","startTime":2166.8,"endTime":2169.74,"body":"strata equity, you know, you end"},{"speaker":"Prashant Kumar","startTime":2166.8,"endTime":2169.74,"body":"up getting it back somehow."},{"speaker":"Prashant Kumar","startTime":2169.77,"endTime":2172.77,"body":"That's how I learned I got"},{"speaker":"Prashant Kumar","startTime":2169.77,"endTime":2172.77,"body":"involved with the group. I said,"},{"speaker":"Prashant Kumar","startTime":2172.77,"endTime":2176.31,"body":"Listen, guys, I'm gonna work for"},{"speaker":"Prashant Kumar","startTime":2172.77,"endTime":2176.31,"body":"you for free. I don't care. And"},{"speaker":"Prashant Kumar","startTime":2176.34,"endTime":2179.04,"body":"I mean, I hadn't could network"},{"speaker":"Prashant Kumar","startTime":2176.34,"endTime":2179.04,"body":"also, I said, I'll bring the"},{"speaker":"Prashant Kumar","startTime":2179.04,"endTime":2181.89,"body":"money to the table. I'll help"},{"speaker":"Prashant Kumar","startTime":2179.04,"endTime":2181.89,"body":"you guys. I'll do this with"},{"speaker":"Prashant Kumar","startTime":2182.22,"endTime":2185.1,"body":"everything you name it. Want me"},{"speaker":"Prashant Kumar","startTime":2182.22,"endTime":2185.1,"body":"to click coverings clean your"},{"speaker":"Prashant Kumar","startTime":2185.1,"endTime":2189.12,"body":"floors in the office? I'll do"},{"speaker":"Prashant Kumar","startTime":2185.1,"endTime":2189.12,"body":"that. I would love a story"},{"speaker":"Prashant Kumar","startTime":2189.12,"endTime":2191.97,"body":"short, I ended up becoming the"},{"speaker":"Prashant Kumar","startTime":2189.12,"endTime":2191.97,"body":"partner in the deal with them."},{"speaker":"Prashant Kumar","startTime":2192.0,"endTime":2192.45,"body":"Right,"},{"speaker":"Mike Cavaggioni","startTime":2192.43,"endTime":2194.11,"body":"Right on. Yes."},{"speaker":"Mike Cavaggioni","startTime":2192.43,"endTime":2194.11,"body":"I mean, like, like you said,"},{"speaker":"Mike Cavaggioni","startTime":2194.11,"endTime":2197.14,"body":"like that sweat equity, it does"},{"speaker":"Mike Cavaggioni","startTime":2194.11,"endTime":2197.14,"body":"pay back and even if it's just"},{"speaker":"Prashant Kumar","startTime":2194.43,"endTime":2213.99,"body":"100% 100% no"},{"speaker":"Prashant Kumar","startTime":2194.43,"endTime":2213.99,"body":"doubt about that in my mind."},{"speaker":"Prashant Kumar","startTime":2197.17,"endTime":2200.38,"body":"what you learn in the experience"},{"speaker":"Prashant Kumar","startTime":2197.17,"endTime":2200.38,"body":"that you get from helping those"},{"speaker":"Prashant Kumar","startTime":2200.38,"endTime":2204.37,"body":"GPS out, you know that that that"},{"speaker":"Prashant Kumar","startTime":2200.38,"endTime":2204.37,"body":"in itself is going to pay you"},{"speaker":"Prashant Kumar","startTime":2204.37,"endTime":2207.28,"body":"back in the future because that"},{"speaker":"Prashant Kumar","startTime":2204.37,"endTime":2207.28,"body":"experience will make you more"},{"speaker":"Prashant Kumar","startTime":2207.28,"endTime":2212.38,"body":"money in the future than not"},{"speaker":"Prashant Kumar","startTime":2207.28,"endTime":2212.38,"body":"doing anything"},{"speaker":"Mike Cavaggioni","startTime":2214.05,"endTime":2216.45,"body":"So hey,"},{"speaker":"Mike Cavaggioni","startTime":2214.05,"endTime":2216.45,"body":"Prashant, like this, this has"},{"speaker":"Mike Cavaggioni","startTime":2216.45,"endTime":2220.44,"body":"been super awesome. I want to"},{"speaker":"Mike Cavaggioni","startTime":2216.45,"endTime":2220.44,"body":"make sure that if anybody wants"},{"speaker":"Mike Cavaggioni","startTime":2220.44,"endTime":2223.29,"body":"to be able to get in touch with"},{"speaker":"Mike Cavaggioni","startTime":2220.44,"endTime":2223.29,"body":"you that they can we kind of"},{"speaker":"Mike Cavaggioni","startTime":2223.29,"endTime":2225.63,"body":"talked about a little bit"},{"speaker":"Mike Cavaggioni","startTime":2223.29,"endTime":2225.63,"body":"earlier, but if you could share,"},{"speaker":"Mike Cavaggioni","startTime":2225.87,"endTime":2229.44,"body":"do you have a website, social"},{"speaker":"Mike Cavaggioni","startTime":2225.87,"endTime":2229.44,"body":"media, email address, anything"},{"speaker":"Mike Cavaggioni","startTime":2229.44,"endTime":2230.94,"body":"you want to share with the"},{"speaker":"Mike Cavaggioni","startTime":2229.44,"endTime":2230.94,"body":"listeners?"},{"speaker":"Prashant Kumar","startTime":2230.97,"endTime":2232.53,"body":"Yeah, my email"},{"speaker":"Prashant Kumar","startTime":2230.97,"endTime":2232.53,"body":"address is"},{"speaker":"Prashant Kumar","startTime":2232.56,"endTime":2238.86,"body":"Prashant@myrealtygains.com. Our"},{"speaker":"Prashant Kumar","startTime":2232.56,"endTime":2238.86,"body":"website is myrealtygains.com."},{"speaker":"Prashant Kumar","startTime":2238.95,"endTime":2242.61,"body":"And I'm on social media, with"},{"speaker":"Prashant Kumar","startTime":2238.95,"endTime":2242.61,"body":"myrealtygains Facebook,"},{"speaker":"Prashant Kumar","startTime":2242.61,"endTime":2250.23,"body":"LinkedIn. My phone number is"},{"speaker":"Prashant Kumar","startTime":2242.61,"endTime":2250.23,"body":"631-428-6479 the many many ways"},{"speaker":"Prashant Kumar","startTime":2250.23,"endTime":2252.69,"body":"you know and subscribe to the"},{"speaker":"Prashant Kumar","startTime":2250.23,"endTime":2252.69,"body":"newsletter, I have a seven day"},{"speaker":"Prashant Kumar","startTime":2252.72,"endTime":2256.59,"body":"email course a free email course"},{"speaker":"Prashant Kumar","startTime":2252.72,"endTime":2256.59,"body":"I have a passionate passive"},{"speaker":"Prashant Kumar","startTime":2256.59,"endTime":2260.76,"body":"investors club. Just join that"},{"speaker":"Prashant Kumar","startTime":2256.59,"endTime":2260.76,"body":"just for the heck you know, to"},{"speaker":"Prashant Kumar","startTime":2260.76,"endTime":2265.29,"body":"learn what's going on. I post"},{"speaker":"Prashant Kumar","startTime":2260.76,"endTime":2265.29,"body":"blogs on my websites all the"},{"speaker":"Prashant Kumar","startTime":2265.29,"endTime":2271.98,"body":"time. In the newsletter learn it"},{"speaker":"Prashant Kumar","startTime":2265.29,"endTime":2271.98,"body":"connected me call me Yeah, the"},{"speaker":"Prashant Kumar","startTime":2271.98,"endTime":2275.01,"body":"100 ways nowadays to connect"},{"speaker":"Prashant Kumar","startTime":2271.98,"endTime":2275.01,"body":"with me right? with everybody"},{"speaker":"Prashant Kumar","startTime":2275.01,"endTime":2276.93,"body":"and anybody for that matter."},{"speaker":"Mike Cavaggioni","startTime":2276.96,"endTime":2278.91,"body":"Yep,"},{"speaker":"Mike Cavaggioni","startTime":2276.96,"endTime":2278.91,"body":"absolutely. Alright, so there"},{"speaker":"Mike Cavaggioni","startTime":2278.91,"endTime":2281.4,"body":"you have it, folks. There's"},{"speaker":"Mike Cavaggioni","startTime":2278.91,"endTime":2281.4,"body":"there's all the ways you can get"},{"speaker":"Mike Cavaggioni","startTime":2281.4,"endTime":2284.79,"body":"in touch with him. I'll make"},{"speaker":"Mike Cavaggioni","startTime":2281.4,"endTime":2284.79,"body":"sure the links in the email"},{"speaker":"Mike Cavaggioni","startTime":2284.79,"endTime":2288.6,"body":"address and everything are in"},{"speaker":"Mike Cavaggioni","startTime":2284.79,"endTime":2288.6,"body":"the show notes. So in case you"},{"speaker":"Mike Cavaggioni","startTime":2288.6,"endTime":2292.05,"body":"didn't have a chance to write"},{"speaker":"Mike Cavaggioni","startTime":2288.6,"endTime":2292.05,"body":"that down, you can just go copy"},{"speaker":"Mike Cavaggioni","startTime":2292.05,"endTime":2295.68,"body":"and paste it and go check out"},{"speaker":"Mike Cavaggioni","startTime":2292.05,"endTime":2295.68,"body":"what Prashants doing. Hey,"},{"speaker":"Mike Cavaggioni","startTime":2295.68,"endTime":2300.39,"body":"again, Prashant super humbled"},{"speaker":"Mike Cavaggioni","startTime":2295.68,"endTime":2300.39,"body":"that you took some time to chat"},{"speaker":"Mike Cavaggioni","startTime":2300.39,"endTime":2302.37,"body":"with me today. I really"},{"speaker":"Mike Cavaggioni","startTime":2300.39,"endTime":2302.37,"body":"appreciate it. Thank you so"},{"speaker":"Mike Cavaggioni","startTime":2302.37,"endTime":2302.85,"body":"much."},{"speaker":"Prashant Kumar","startTime":2303.0,"endTime":2305.43,"body":"Mike, thank you"},{"speaker":"Prashant Kumar","startTime":2303.0,"endTime":2305.43,"body":"so much for having me. I'm so"},{"speaker":"Prashant Kumar","startTime":2305.43,"endTime":2305.91,"body":"honored."},{"speaker":"Average Joe Finances","startTime":2307.48,"endTime":2309.4,"body":"Thanks for"},{"speaker":"Average Joe Finances","startTime":2307.48,"endTime":2309.4,"body":"listening to the Average Joe"},{"speaker":"Average Joe Finances","startTime":2309.4,"endTime":2314.44,"body":"Finances podcast. Your source"},{"speaker":"Average Joe Finances","startTime":2309.4,"endTime":2314.44,"body":"for beating debt, saving money"},{"speaker":"Average Joe Finances","startTime":2314.47,"endTime":2319.03,"body":"and investing. Learn more at"},{"speaker":"Average Joe Finances","startTime":2314.47,"endTime":2319.03,"body":"Average Joe finances.com."},{"speaker":"Average Joe Finances","startTime":2321.76,"endTime":2325.45,"body":"The Average Joe Finances podcast"},{"speaker":"Average Joe Finances","startTime":2321.76,"endTime":2325.45,"body":"is for informational and"},{"speaker":"Average Joe Finances","startTime":2325.45,"endTime":2330.28,"body":"entertainment purposes only. Do"},{"speaker":"Average Joe Finances","startTime":2325.45,"endTime":2330.28,"body":"not use this for any real estate"},{"speaker":"Average Joe Finances","startTime":2330.4,"endTime":2332.32,"body":"or investment making decision."}]}