Ed Mathews 0:04

So the big question is this, how are real estate investors who don't have a ton of free time don't have access to off market deals and didn't start life on third base, how do we grow a real estate business conservatively to support our families finally leave the corporate rat race and build a legacy? That is the question, and this podcast will give you the answers. I'm Ed Matthews, and this is real estate underground. This is the real estate underground podcast show number seventy eight.

Ed Mathews 0:36

Greetings and salutations. My friends in real estate underground world. This is Ed Matthews with the real estate underground podcast. Thank you so much for spending a little bit of time with us today. So today is an interesting episode because, you know, one of the things that I'm always talking with investors, you know, folks like you out there in in podcast world is, you know, how how do I create deals flow? How do I find the deals? Or, boy, I wish I, you know, I worked sixty, seventy, eighty hours a week and I've got family and and kids to take care of and, you know, I just don't have time. The third thing I always talk I always hear is, man, I don't know where to find the money to fund the deals that I've got. Problem solved. So with me today is Kevin Amos from Pine Financial Group, and he is a private lender. And so we're gonna get into the private lending world and what he looks for and how he evaluates folks like you and me in terms of doing our deal. So Kevin, welcome to the show. Thank you so much for your time today.

Kevin Amolsch 1:37

And I can't even say thank you enough to you. Thank you for having be. I'm really excited to be here with you and your audience. You told me a little bit about them before we jump on the on the call, and I'm excited to see where the conversation goes.

Ed Mathews 1:46

Awesome. So so for those of us, out there. You know, I gave a little bit, but let's let's dig a little deeper into who you are and how you got here. So, you know, let's talk about you and how you got into this space and and what my name find financials all about.

Kevin Amolsch 1:59

Howard Bauchner: Yeah, so I'll have to take you way back. When I was in high school, I was, like, so sick and tired of studying and homework and tests and all that. Right? But Dude, brother. I didn't wanna just not do anything. So I I decided to join the military. And and when I was in the army, I was saving a little bit of money because, look, you don't spend a lot. Right.

Ed Mathews 2:18

It's like, okay.

Kevin Amolsch 2:18

What am I gonna do with this savings? I have to invest it somewhere. So I just started reading books and, you know, the the rich that poor dad is the one that came out of Bible. Yeah. You know, I decided to start focusing on real estate investments and I bought my first house. I was just turning twenty one, got out of the army and moved into

Ed Mathews 2:33

it. Wow.

Kevin Amolsch 2:34

That's a move out of it. Two years later, kept it as a rental property. And and I saw the appreciation. I saw the tax benefits. I saw the tenant, you know, started a payment mortgage down for me, all of the benefits that real estate investors get.

Ed Mathews 2:46

Yeah.

Kevin Amolsch 2:46

And so I decided this is the vehicle that's gonna make me rich, and I really started focusing on it. I started by one or two houses a month that you said in your intro here, the people that are struggling because they don't have time to go out and find the deals and all that. Look, I was in school full time. I was working I had the National Guard. So every fourth weekend, I'm out out of town, and and I was still buying one or two houses a month. So it can be done. Yep. But what I learned through that process at was the the thing that I love about real estate the most is the deal structure, putting it together how are you going to negotiate it, write the offer, all of that, and and it all comes down to the financing. Where is the money going to come from to do your deal? That's how you structure your deal. Right.

Ed Mathews 3:29

So

Kevin Amolsch 3:30

I started focusing on the on the financing side, and here I am, we we make loans to investors.

Ed Mathews 3:35

Wow. Fantastic. So so, you know, in terms of asset classes that you're you and your team focus on, anything in particular? Are you more residential? Do you look commercial, any other asset classes?

Kevin Amolsch 3:46

Yeah. We're we've got a little bit of a variety here. You look at my backgrounds in residential, so we weren't really focusing on we're about eighty percent twenty percent resi to commercial. On the commercial side, we have an appetite for industrial and retail. Those are kind of the two asset classes that we feel most comfortable in. But we'll look at we'll look at anything. Like, we just did it a a office building in Chicago, but it's such a sweet deal for everybody. We couldn't say no to it. Right. So every deal I mean, numbers, you hear this a lot, but numbers, price fixes everything. So Yeah. And anything for the right numbers. Right?

Ed Mathews 4:19

Exactly. Yeah. If the consensus work, it's it's a it it's it's a go. So so when you look at, you know, the various things, you know, obviously, first off, thank you for your service. I have and my family is a mix of army and soldiers and marines. So

Kevin Amolsch 4:37

the there's never a conflict there, is there?

Ed Mathews 4:40

Never. No. No. No. I I think, you know, offline, I'll tell you some stories that that are pretty colorful. But The it makes Thanksgiving very interesting.

Kevin Amolsch 4:49

Not that it does.

Ed Mathews 4:51

So so as far as, you know, your business and and, you know, where you look for for opportunities. You know, how are you finding deals and, you know, is are are you all over the country or are you focused in a particular region? Like, how does that work?

Kevin Amolsch 5:06

Yeah. So on the residential side, we're really focused geographically. So we learn in Colorado, Minnesota. We do go into Wisconsin and we just started lending again in DC. We were lending in DC a while ago and we had a hedge fund behind us and then they pulled out. So we pulled out

Ed Mathews 5:20

--

Ed Mathews 5:20

Yeah.

Ed Mathews 5:20

--

Kevin Amolsch 5:20

now we have our own funds and we're going back in. So those are the four markets we're in right now. And then on the commercial side, I feel more comfortable on that side quite honestly, even though it's a little bit shaky with the economy and where what's going on there. But you have higher quality borrowers, typically more liquidity. And we are a little bit more conservative. So instead of maybe a seventy percent of value loan, like we typically do on the residential side, we're capping our loan at sixty or sixty five percent. Okay. And those ratios are based on stabilized or completed value, not purchase price. So that's what makes hard money. Private money is so attractive.

Ed Mathews 5:57

Yeah. Absolutely. So when you say completed value, let's let's define that.

Kevin Amolsch 6:01

Yeah. So let's take the simple fix and flip. That's how we got started. That's what we do a lot of. So if you're going to fix and flip a property, you buy a discount. You do the improvements, new kitchen, new bathrooms, that kind of thing, and then you exit or you sell it at a much higher price, and that's how you make your profit. Right? So that exit price, the after repaired value or the ARV, we call it, that's the number that we use to base our seventy percent ratio on. So if it's a hundred thousand dollar house, we'll only use seventy grand. If you could buy it for fifty, we'll only do the fifty plus the twenty to make make the repairs.

Ed Mathews 6:33

Wow, that's awesome. And and so, you know, when you are looking for investors, Right? You know, one of the things that I'm always curious about is, you know, how do you evaluate somebody like me? Right? I used to be a flipper now. I'm in the multifamily world. But it's the same business. Right? I mean, I buy I I was talking with somebody earlier today. You know, I buy crappy apartment buildings from landlords who aren't very good at their jobs. And we go in and we make them clean and safe and we upgrade the common areas and then we upgrade the units, we force appreciation, And and then we hold it for a while. And if if it makes sense, we sell it. Most of the time, we keep it. Right? And same thing as whips. Right? You buy that and at seventy thousand dollar property. You put twenty five thousand into it. You sell it for a buck twenty five. Everybody you're forcing appreciation there. Everybody wins. And, you know, I give you your money back. So, you know, how do you evaluate an investor, a guy like me, if if I'm starting out or let's let's start with the newbie. Right? So -- Yeah.

Ed Mathews 7:34

--

Ed Mathews 7:34

I'm starting out, and I've got, you know, one deal under my belt, and you and I are talking. Am I somebody that's a potential candidate for for your services? Or do you look for more experienced folks?

Kevin Amolsch 7:44

Yeah. Look, we will work with someone on the very first deal, but we don't want you to just take all the risk with our money. Right? So we're gonna make sure that you have some team in place to help you through that process. You can't go out this time. You can't just watch TV and, you know,

Ed Mathews 7:58

a

Real Estate Financing and Investment Strategies

Kevin Amolsch 7:58

fix and flip show and then decide you could do that. Right? So if you have a good realtor contract or that kind of thing and we can get confidence in your team, then we wanna help you in your first deal. Look, everyone has to start somewhere. Exactly. So we'll we'll do that now. On your stuff, like, the the multis, we we have a big appetite for multis. We're just not seeing the deals out there. There's so much the cap rate compression is still unbelievably tight. I can't believe how tight it is with interest rates going where they're going, but you're still don't know about your market, but in Denver. I mean, if you can get a four cap on a on a multifamily, that's kind of the going rate. And that's I don't know how anybody don't see money. Right?

Ed Mathews 8:34

Yeah. You're hoping for appreciation, which is a very dangerous business.

Kevin Amolsch 8:38

That that's exactly right.

Ed Mathews 8:39

Yeah. I mean, it's so here, you know, the cap rates are a little better. You're probably looking at you know, urban AB plus is, you know, five and a half to six and you know, suburban is getting into the six and a half range. So we're getting back into a place where cash flow is is realistic without having to throw down a whole bunch of money in equity. Yeah.

Kevin Amolsch 9:02

It's good. But it's about a six and a half interest rate to even even make a six cap work. Right. Really? Right. That's why you're a value added Right? And that's where most investors that are making money today are value added. Right?

Ed Mathews 9:14

That's the only way right now. Only way added. And you're right, the inventory is Waylow. And it's and they're really hard to find. But the, you know, the the fact is is that when when we're looking at deals, you know, it's funny. You know, offer prices are are listing prices are always the lagging indicator. Right? And I had this conversation with building owners gosh, it's gotta be every day at this point where it's like, alright, I understand that this building is worth, you know, let's say, a million bucks. Right? It was absolutely worth a million dollars on January first twenty twenty one. Without a doubt, I'm not even gonna push back. Right? However, the Fed has been busy, and they've raised the rates, you know, what, five, six times in that time period. And so I'll tell you what. I'm making a deal. If you do seller financing and you give me the terms that where I could have gotten on January first of two thousand twenty one, I'll buy the building for for the the price you want. Right? Well, I can't do

Kevin Amolsch 10:13

that. Genius.

Ed Mathews 10:13

Well, if you give me four percent, I'll absolutely buy that property, you know, added at a five five and a half six cap. Right? No problem.

Kevin Amolsch 10:22

I love it. And that's how I got started. Right? I was

Ed Mathews 10:24

How do

Kevin Amolsch 10:25

you buy one or two houses a month when you're a college kid? Well, it has to be financing from the sellers. That's the only way to make that work. Only way. So I'm yep. I'm I totally agree with you.

Ed Mathews 10:34

Yeah. And but, you know, it's interesting then that the a lot of those businesses the building owners were like, well, no. No. No. I want I want the money now. I was like, can't be too. But but the fact is if you're gonna ask me to pay a two thousand twenty one price, I need two thousand twenty one terms. Right? Two thousand twenty three terms are very different. And thus the price is very different. Totally. Interest rates go up, prices have to go down. And I think What if I think it's a six month to six month plus lag.

Kevin Amolsch 11:03

I'm just trying to get creative with you now that I'm thinking about Ed as you described this to me. What about if they want their cash to bed? If they just refinance a property if they have that much confidence in the value, pull the money out and do a contract for deed or master lease or Yeah. Something like that. You can get your money now. We can make that work. We just gotta make that work. Right?

Ed Mathews 11:19

Right. Yeah. It's I mean, there's always a way. Right? But but the fact is is that I I agree with you. You know, the bottom line is that sellers are still a little bit unrealistic. And buyers, you know, I I read on Twitter and LinkedIn all the time. Everybody's pencils down. I'm not. I'm hunting for properties every day. Right. Yep. But And, you know, when I find them, I'll buy them, but, you know, it's there was a time where you could, you know, wave a wet towel over your head and hit three deals in any particular neighborhood. You know, those days two thousand ten, two thousand eleven, good times, man.

Kevin Amolsch 11:54

Oh, man. You were in the business in?

Ed Mathews 11:56

I I was just starting as a matter of fact. And but, you know, these days, not so much. Right? It takes a little bit more creativity. And so, you know, when you when you are finding investors to work with. You know, how do you find them? How do they find you? Is it is it are yep.

Kevin Amolsch 12:15

So we have two sides of our business. We have our private investors. So those are the passive real estate investors. So it sounds like maybe you use some of that, but I don't know if you do syndications not, but it sounds like that possibly. Yep. So you understand very well that there's a passive real estate investing side to real estate and

Ed Mathews 12:32

--

Kevin Amolsch 12:32

Sure.

Ed Mathews 12:32

--

Kevin Amolsch 12:32

so we bring in that investors just like you do. We're just on the debt side. So you're not gonna get the high upside. You're not gonna get the the depreciation tax benefit. You're not gonna get some of the benefits of investing in this syndication. But you're in the debt position, so it's very secure, very safe. So it's a little bit of a trade off there. So that's one side of our business. And then we use that money to make loans, to real estate investors.

Ed Mathews 12:52

Gotcha.

Kevin Amolsch 12:52

So the other side of the business is loaning the money out. So we bring it in. We loan it out. To answer your question, how do we find our clients? It's mostly word-of-mouth. Over eighty percent of our business is repeats or referral. Wow. Now we're all we are marketing and we have a we have a pretty healthy budget for that. Yep. So we'll do pay per click. We'll do, you know, the standard stuff. We got a YouTube channel that seems to do generate pretty well. Lots of lots of free content and everything on that. But I really like content marketing. So we do classes. We do seminars. We do podcasts like this. We do videos. Newsletter. I just we just wanna give, give, give, and then and it just seems to work where people people want to work with you?

Ed Mathews 13:35

Well, I think I I think you're spot on. Right? Because, you know, former marketing guy. Right? But the current marketing guy. But the, you know, the fact is is that when you serve a community and you educate them, it does a lot of really good things. Right? First off, you know, it shows your value system and and then people start to evaluate you in terms of, you know, the fact that you care that these people that you're working with, they're actually successful. And the other part of it is that they learn from you. Right? So they get better at what they do by working with you, which is really it's kind of one of those ying and yang things where, you know, not only are you funding the deal, but you're also helping them get better at it. So they make even more money so they come back and do it again. Right? Because that's where we can take money is, you know,

Kevin Amolsch 14:21

it's a long view. Right? Long view. You know, it's interesting to wait when you're when I hear you say that it brings me back when I was just starting this company and and, you know, my income really shifted when my focus shifted from my little commission chapter so I could go survive. Right? To let me help them become rich. Right. And it it was such a shift for me that, like, I would turn business down because I knew that they had a better option over a year So I would tell them go over here and work with this person because it's a better fit for your situation. Right? I'm telling you once I'm that focus shifted to my little commission to trying to build something big and better. I mean, that's when I really started making money. You know, seizing how that works.

Ed Mathews 15:03

It is amazing how it works. Because, again, they you know, you're you're demonstrating your values. Right? You want you'll legitimately fundamentally want them to succeed. Right. The other cool part about it though is that there's a psychology element to that in that buyers when they buyers or investors when they hear no, you know, the first thing they're doing is okay, okay, why is this guy saying no to me? Is it me or is it him? Right? Or earned? And, you know, the fact is is that you're saying no, but because there's there's better alternatives out there. You actually want you want the best for them. Right? And so that demonstrates, you know, that, you know, you're a partner that I can work with even it may not be all the time, but a lot of the time, you know, you're gonna be my first call. And I I I'm blessed. I have somebody like that in my life, Mike Meyer over at c t ria funding. And, you know, he is my first call every time, and you know, everyone's a while. He's like, I'm not I'm not the guy for you on this one. You gotta you know, but I got three other guys you can call. So and it's a it's a it's a, you know, thank God that he has that kind of integrity. Thank God, you have that kind of integrity. So so I'm I'm curious, you know, about growing your business. So is the plan to grow the fund or is the plan to grow geographically? Like, how are you continue to to expand the business.

Real Estate Growth and Focus

Kevin Amolsch 16:24

It's interesting because you kinda have to grow the fund to grow geographically. So I guess maybe Okay. But So we have four funds, four active funds. And our most current one is a public fund. So that was a big lift. Getting approvals from the federal government isn't so easy. Right? But we got we got our approvals to say, hey, you're accredited, you're not accredited, doesn't matter. We could still bring in your your money, your investment. So now we're enabling, you know, normal typical investors just trying to get going some exposure to real estate. So, yeah, we definitely want to grow that fund. Yeah. And it's a seventy five million dollar raise and then and then we could renew it for another seventy five. So I don't see any reason to start a new fund necessarily. So we have four. I think we're just stick with those four. Right. As far as a business as a whole, yeah, we're trying to grow. I mean, I we've got thirteen people right now. We're we're hiring two more. We're based in Colorado and and geographically is a great way to do it. It's either you could either do, you know, geographically or expand your product line Sure. If we could stay super focused on our products, something that we know really, really well. I think that's the best way to stay safe with absolute growth. Yeah. So I

Ed Mathews 17:38

mean, when you actually from a marketing and and customer relations perspective, you know, when you niche down and you do one, maybe two things exceptionally well, you know, that is where, you know, investors like me or your buyers or your clients or customers. That's where they really start to kinda Honey in on. Okay. These guys are the world class. I wanna associate myself with world class. So it's a It's a big It's

Kevin Amolsch 18:05

a good lesson for your listeners. I see so many real estate investors, like, they have this big platter Real estate's huge industry and there's so many different ways you can go. You have this huge platter and you just won't you won't pick up anything to eat. Right? You're just like, so overwhelmed with all the different options. And then entrepreneurs, by nature, we have the shiny object syndrome. Right? So we're always chasing the next squirrel or whatever, and And we're not and we're not ever successful. But as soon as you as soon as you can really focus in on a niche in the industry, then you'll be you will be successful Now, can you focus in on something and not be successful and decide to shift? Yeah, you probably will do that. But if you don't at least focus, you'll never know if that's the right niche for you or not. So I always recommend bringing that focus in if it fails or doesn't work like you wanted to shift in, but don't try everything at once. It's just not gonna work that way.

Ed Mathews 18:56

So, Jeffrey Moore, who's a technologist back, Silicon Valley Venture Capital got it. He talked about the bowling pin strategy. And and he he it was basically the exact same business lesson. And that is, do one thing, do it great, do it better than anyone else, and then when you have built a business that no longer requires your day to day activity, expand to the next one off of that. Right? And I and you're talking to a guy who has a profound case of entrepreneurial ADD. Right? That means it's it's I'm chasing shiny objects and squirrels all all day. And but, you know, the fact is is that the you know, when when my business started to take off, I followed the advice you just gave, which is, you know, we were flipping houses. I was wholesaling a little bit. I was doing a little bit of multifamily. I thought about just storage. Right? All good things. But what I found is that I was involved with the local Ria, you know, and and coaching and all that. And what I found was that I was adequate at all of them. And in some of them, I actually wasn't that good. Right? But when I finally focused on one thing, turns out, we're really good at it. Right? And so, you know, then you build that business and then, you know, okay, maybe someday we'll get back to flipping. I love flipping. It's I love everything about it. The chase, the design, the build, the sale, all of it is something I don't like about it. And I miss it desperately, but you know, the fact is is that focus is certainly something that most people almost every new real estate investor that I need you know, they wanna flip a house and then they wanna go buy a ten unit and then, oh, yeah, there's there's a self storage deal that I'm interested in. You're spot on you're spot on Kevin. It's pick one. Do it really well. Build a business. And then when the business doesn't need you anymore, go build another business. Right?

Kevin Amolsch 21:21

Yeah. Give it a fair go. Right? If you're gonna fail. So if you're if you stop when you first fail, you're never gonna be successful at anything on the platter.

Ed Mathews 21:30

Right on. So I think

Kevin Amolsch 21:31

you gotta give it a fair go, fair time, maybe three, six months. I don't know what everyone's gonna be different depending on how much energy and effort and all of that. But give it enough time to know it's not the right fit and then shift.

Ed Mathews 21:41

Right. Absolutely. So so Kevin, you know, leaders are readers. Right? And so I'm I'm always curious when I when I meet an executive like you. You know, how do you sharpen the song? You know, are you an audiobook guide? Do you listen to podcasts, YouTube videos, read books? And and specifically, you know, I'm curious a guy in your business? Who are you paying attention to? Who do you follow these days?

Kevin Amolsch 22:02

Yeah. I guess I do all of that. On the podcast or some local local stuff that I listen to, some industry specific stuff I listen to. I I really am like in Tim Ferris. Yeah. It's so broad and so many different different things, but it's always so educational. Yeah. Audio books, it's a lot of recommendations. So waiting for my credit so I can get my next one. But I just got done with Joe DePensa. He's a he's like a secret guy, like the law of attraction and Oh, okay. Working with your subconscious and all that. My next one, I'm gonna shift over to something more personal. It's a family, strong father, strong daughters. So I'm gonna listen to that as soon as I get my next credit. And then I read. So I'm I'm really into the traction right now. Would you know what you would

Ed Mathews 22:48

you like then? Right.

Kevin Amolsch 22:49

That's right. So I'm I've probably read that four times and

Ed Mathews 22:52

Are you with the EOS shop?

Kevin Amolsch 22:54

I I'm I'm e I'm in EO. I'm not I'm not we're doing the self implementation of traction. Scopic US. US is the system and and we're gonna we're trying to self implement. It's very difficult. But I have a good leadership team and and we're we're off focus on different areas of it. We're come together, and we're doing the meeting pulse and everything like they talk about in that book. And so it's challenging, but it's a lot of fun. Right? That's how you're going to grow.

Ed Mathews 23:18

Yeah. And it's a process. It takes takes, you know, especially if yourself implementing, it takes months and sometimes years. Years. Yeah.

Kevin Amolsch 23:25

Exactly. Right? Yeah. So I read every single day. I mean, I have a routine. Now, I'm a single father, so I have my kids half, not half, so my routine is a little different. Depending on the day, but it's get up, it's workout, it's try to meditate. That's so freaking hard for me, but then I also I read I read every day. So that's That's the routine?

Ed Mathews 23:44

Yeah. It's, you know, I'm glad you mentioned meditation. You know, one of the things that, you know, entrepreneurs. Right? You know, it's all about I I octane caffeine and go go go go go. But there's something that he said for two things that a friend of mine gave me advice on and a very successful executive I knew himself. He said, I do two things every day that keep me effective. One is I meditate. Right? Slow down, I block the world out, you know, even five minutes. Yeah. Doesn't take much. Doesn't take much. But the other thing that that he did, he does and and I I've model this. I do this myself is he takes some time to think. Right? And just not work. Five minutes, twenty minutes, whatever, Think about where you are in the business, where you're going, who needs help, and where can you support them. And, you know, and work on the business. But think about it, you know, and take call time out and slow down because, you know, I can't tell you how many days I'm sure you've had the same experience where you sit down at your desk at seven thirty eight o'clock in the morning and you go go go go go or eight or eight thirty or nine or whatever and you go go go go and you look up and it's dinner done.

Kevin Amolsch 24:54

Yeah. Absolutely. What just happened? Right? So it's interesting to say, thank, I agree with you a hundred percent, and that's so much pressure. Like, you're like, oh, god. Now I gotta think it's so hard to even get control in my mind. How do I think? And and entrepreneurs have that problem.

Ed Mathews 25:10

Yep.

Kevin Amolsch 25:10

So I if you could just slow your mind down and focus on not thinking. Right? Oftentimes that's all you need to to have that idea or the problem solving solution or whatever it is that you're struggling with.

Ed Mathews 25:23

Yeah. A good a good way

Kevin Amolsch 25:24

to do that. You you asked me drop some nuggets if I can. Well, here's one way that I know is effective. And if you could just look at a flame, your mind will be quiet. If you're at a if, like, if it's a campfire, if the fire paint in your backyard, or if it's a candle in your bedroom, if you could just look at a flame, your mind will naturally quiet down. Really?

Ed Mathews 25:41

Alright. Well, I'm gonna try that to

Kevin Amolsch 25:43

do it.

Ed Mathews 25:43

Yeah. I I see. Because because my the way my brain works, it's like the old AM tuner where you take the tuner and spin it and you hear all the radio stations all the way up and down the band. That's that's my brain every day. So

Kevin Amolsch 25:56

And probably, I'll ever see one of your listeners,

Ed Mathews 25:58

you're probably

Kevin Amolsch 25:58

You're responding to this. You're a high achiever. Right? Yeah. So -- Right. -- you're probably very similar.

Ed Mathews 26:02

Yeah. So so, yeah, that's really good. I'm gonna I'm gonna try that tomorrow morning as a matter of fact. So that's cool. Thank you. So Kevin, I'm curious when you're not funding all of these raising capital and funding all these investors' projects and, frankly, their dreams.

Kevin Amolsch 26:23

What do you like to do what

Ed Mathews 26:24

do you like to do when you're not doing that?

Kevin Amolsch 26:27

Or fun? Yeah. So I live in Colorado. I live right on the foothills, so I don't know if you know the area, but I'm really close to Red Rock's amphitheater. Oh. So I have surrounded by open space. So I like to take my mountain bike out. I like to get on the hill. I love hiking. Snowboarding and all of that. We take our family out. My kids have been skiing since they were like, three years old. So we like being outside. We live in this amazing state I feel. I'm biased, of course, but I feel

Ed Mathews 26:53

Nobody wants you to be here in Connecticut. Your your state is spectacular.

Kevin Amolsch 26:57

Thank you. Well, I wanna take full advantage. So we're we're outside as much as we can.

Ed Mathews 27:02

Okay. Cool. And and so, you know, as you expand. So, you know, our audience is all over the country and actually starting to people elsewhere are starting to listen to a suit, which is kinda cool. But, you know, if you are as you expand your business and, you know, someone like me comes along, how would they get in touch with you? Like, what's the best way to learn about pine financial and you and your team and and get in touch if there's a, you know, potential project a good fit for you guys.

Kevin Amolsch 27:30

Yeah. You've mentioned before you hit record here that you might ask me this question and tell you I I told you I was gonna share some free reports with your with your listeners. Thank you. So what what I've found in this private lending business is first of all, it's an amazing way to generate passive income. And you can work with a company like line. That's great. But you don't have to you go out there and get on your own and and probably make more money, quite honestly. But and some people go out and try to do that, but then they get themselves into some trouble. And they make a mistake, and then I get the phone call, like, how do I get through this problem? And I'm always willing to help if I can. So I'll definitely take that phone call. But it's better if we could prevent that problem.

Ed Mathews 28:05

Right.

Kevin Amolsch 28:05

So because I was getting so many of these calls, I just wrote a report, like, to to try to help more people not make those mistakes if you wanna go out and do it on your own. So that report and then I also wrote a report on the economy. Now I know you said it might be two months or so before you drop this one. Yep. So I don't know how relevant this will be or I might have a different report up by the time this comes out. But I think what we're going through right now, the high inflation and rising interest rates and all of this doesn't really resemble two thousand eight, whichever one is freaked out about. Right? They're worried about especially with the some of the stuff that's going on in banking right now. Yeah. People are nervous about another thousand and eight crash. Well, I don't think that's coming. I think we need to compare what's going on now more to nineteen ninety and the early nineties in that recession. So I I I wrote a pretty in-depth report about why I feel that way and comparing the two. So those are the two reports that are up there right now and you can get those at the pinereport dot com. So it's the pinereport dot com. If you wanna reach me, you can probably the best way is through our website and it's pinefinancialgroup dot com.

Ed Mathews 29:04

Awesome. Well, Kevin, thank you so much for your time today and all your experience in in those gold nuggets you dropped along the way. It's a pleasure to see you, and and I'm looking forward to keeping in touch. So it's been fun. Thank you.

Kevin Amolsch 29:17

Yeah. And thanks for having me. I'm really appreciate it. It was a great time.

Ed Mathews 29:19

Yeah. That's a good time. This has been the real estate underground podcast,

Ed Mathews 29:28

a Clark Street capital presentation. Thanks for joining us. If you're enjoying the show, please remember to subscribe

Ed Mathews 29:35

and share it with your friends.

Ed Mathews 29:36

If you'd like to learn more about Park Street Capital, and our upcoming projects, please join our investor club at clark s t dot com slash join. Until next time. Happy Investor.