Skipping Single-Family Homes: Diving into Multimillion-Dollar Investments

most people believe I'm a real state investor

because I have a primary residence

that's actually not an investment

sure you're you know

having your paying down on your debt

your mortgage

you're you having that appreciation and everything

but an investment is something that's going to give

you a yield off of it

welcome back

everybody to another episode of the pursuit of purpose

my name is Chris Kiefer

and today I am with Julie Holly

who is the host of the Conscious Investor podcast

and the founder of 3 Keys Investments

Julie I won't try to explain anymore about what you do

so I'll pass it over to you

first of all

thanks for coming on

and uh second I'm

I'm really looking forward to the conversation today

well thank you

I'm really excited to be here and I'm excited for your

episode going live on the Conscious Semester podcast

so it's always super fun to swap podcast

so obviously

one of the rules I have in life is podcasting

um we're over 400 episodes deep

so something I'm very passionate about because we can

um learn and grow so much just by listening

which is why you're listening

right listener

um and then yeah

I love investing specifically in real estate and um

made a pivot after

you know 20 years of investing in real estate

in the single-family space into

large commercial real estate assets

that's awesome

and I love it

but most importantly

I love that I have a company now that brings other

people into those investments so that they

can have the joys of owning real real estate not reats

hmm so that's a super interesting uh

yeah in context

so you I'm in a group here in cordoline called

man on a mission

you um were connected through a couple different people

but you had seen through a post and saw my podcast

reached out

got connected

so yeah I was just on your

up your show or recorded it last week

um great conversation

and then I found out that

you're also connected with a good friend of mine

Anthony Walker

who's been on my show

and he's got

he's one of the co-founders of Cornerstone Investments

and so this

I think this is a super interesting topic

cause it's something that

I'm diving deeper and deeper into

and just trying to learn as much as I can

so I'm I would love for you to give like

some context of the different levels or

the ways to play the game of real estate investing

and I'll start it with my current

baseline understanding uh

which is at

for a general person

you can have

you can go buy a house

a single family home

and you can rent that out

and now you're a real estate investor

you could I guess

technically owning your own home would also make you

a real estate investor

although that's your primary residence

obviously not making any cash flow on that

the other thing you could do would be find a duplex

or quad or whatever multi

multi door property

which is a kind of a level up in my opinion

and then you get into doing uh

uh I don't even know if though

if I'm using the right terminology

so you can correct me

but there's syndications

and then you're you know

collectively compiling money and then buying larger

either apartment complexes together

that's my understanding

I don't know any of the terminology

but I know that this is something that I want to

get deeper into

because I believe in the

you know the benefits of spreading your money around in

the different types of investments that are

available to us

because you know

there's pros and cons to uh

in investing

in mutual funds and

the economy and the stock market and businesses

versus real estate

or yourself or any other investment you could make

so if you could give us um

building on my poor description

tell me where you what

what is possible

and where you guys fit in with 3 keys investments

I actually your description is really great

it was like

most people believe I'm a real estate investor

because I have a primary residence

that's actually not an investment

sure you're

you know having your

paying down on your debt

your mortgage

you're you having that appreciation and everything

but an investment is something that's going to give

you a yield off of it right

so we don't generally

we don't categorize personal um

residences as an investment

um but when we start thinking about investments

and real estate

I started in the same spot that most people do

well actually started house hacking

which means I was renting out a room in my house

um to offset my mortgage

but a lot of people think that I have to invest first

in a single family home

just a regular residential house

in a neighborhood somewhere

and then I can graduate and I can go into

small multifamily

like duplex

triplex quad

something like that

and then once I've done that for a period of time

then I can start thinking like

we kind of in our minds

have spoken with so many investors

we categorize these things as if they're sequential

and progressive

and we have to do one before we do the other

in all reality

you can bypass

all of the headaches of having a single family

um rental property

and you can skip all of that and go straight into

the multimillion-dollar

you know investment space

most people don't realize that they can do that

things are like

oh I don't know enough

I need to do this first

I have to build this up

and so it's changing our mindset to understand that 1

it's not sequential

and we can move into this other space

through the syndication model

and syndication is a fancy word

for something that most of us have done

so listener

think about this for a moment consider

have you ever pulled your money together at the office

or with friends

do you buy a pizza

buy a gift or you know

do something of that nature

you're syndicating

it's like you're all going in

you're pulling your money together

to accomplish something

bigger than what you could do on your own

that's all we're doing in the real estate space

and the that gets like super exciting

when we're talking about multimillion dollar purchases

the returns are substantial

so even though we only own a portion of that

let's say your ownership share

if you invest $100,000

you know in

you know this 20 million dollar asset

your ownership share is going to be very small

percentage wise

but you're more than likely going to come out ahead

than if you would put that hundred thousand dollars

into a single family

like on it as a down payment on a single family home

I'll pause there

yeah so I'm

I'm wondering

or one of the things that I'm again

this is probably common in your world

but something that I have

or becoming more aware of is the equity that you have

let's so we have a rental property in court line

the equity that we have in that property

is the cash that we

are choosing to invest in that particular vehicle

and so a lot of times people will

you know the

at the time that we bought it

the equity was not what it is now

right so there

it might have been a good investment at the time

but depending on the value of the property

there's more cash sitting there that um

you need to be calculating what type of return are you

getting on the actual cash that you have available

so then the question is

do you want to refinance it or sell it and then take

the additional cash and go

put that to you somewhere else

so I'm assuming that

when you and again

I guess I would be curious to know uh

a fun way of asking this question when we're talking

about like the return on um

a syndication

type of investment versus a single family home uh

what's the worst

this would be a again

you can tell me if this is a bad question

you answer a different way

what's the worst syndicated

real estate investment deal that you've been a part of

as far as a return goes

I guess it could be zero

you lost your money

but aside from that

ought to be

yeah no no losing money

um yeah I haven't lost money

made a lot of money

made more money

in the syndication space as a passive investor

so in this space

we have two different types of investors

we have passive investors or limited partners

they're just simply deploying capital

putting their

their you know

cash into the deal

then we have general partners

or active investors who are actually running managing

managing sourcing

like so sourcing

asset management

securing the loan

taking care of risk capital

like on the general partner side

so I invest in both capacities

and on the limited partner side

definitely every time we

you know get

receive a distribution

which is quarterly

it's like this is so much better

we did really well on the single family side of life

just owning

you know single family

not having to do anything

and it's coming to me

it's directly into my bank account

I didn't have to worry about you know

is a tenant gonna renew

is this gonna happen

what needs to be done

hello

cause it general partners

are taking care of that and running the show

so some of the concepts um

to think about that this

this opens up like a whole host of things right

is understanding what your investment goals are

and so you wanna evaluate

am I investing because I want that cash flow right

now in my bank account

or am I investing because I am just you know

placing this as a hedge against inflation

I am investing for

um you know

down the road in the future

in either capacity

I always encourage investors to consider

um I was I put it like this

like distributions

I have seen

not for our investments

but with other investors and investment groups

I've seen some of those distributions get paused right

and so depending on how that property is being managed

run and people

you know how much cashes and reserves

and what the economy is doing

um the active partners could actually

choose to pause distributions or reduce distributions

so it's really important to know like

do I personally have the reserves of my own

if that cash flow did not come in

you wanna make sure

and then you wanna make sure like

who am I investing in

how confident am I in

in that their investment thesis

so some people

they're gonna look at the blue sky

and they might present blue sky to their investors like

oh it's all great

it's so great like no no

don't invest with anybody that's looking at

the blue sky

you wanna say

what's the worst case scenario

to the nature of your question

and then what's the realistic scenario

hmm

show me how you try to kill this deal

and it still made sense

so for us along the way

if we can't see the metrics

we have a baseline metric that we go off of

like if we can't accomplish

an average of a 15%

average annual return

or we can't average say a 5

6% cash on cash return

or we cannot

come close to doubling our investor capital over that

5 ish year hold period

that deals already dead to us

and when we're looking at that deal

and this is just gonna be a little over

like a little more detail

a little more granular

but I promise you

listener and Chris

this is gonna serve you well

if you go down this path

you wanna look at

what is their thesis when they are looking at rinse

are they expecting rinse to continue to climb at an

exorbitant rate

a lot of people forget that rents do go up

and they go down

I've been I'm third generation in real estate

and so I'm like

I remember these conversations start taking place

and so you know

you understand

rents are gonna go

and they're gonna swing both directions

so what is the thinking behind their rents

you know what is the cost of capital

what kind of loan

is it a fixed rate loan

and is that loan going to have the runway

if worst case scenario happens

and we need to

we can't exit out of this deal

which means that's our way of saying

sell it right

if we can't exit out of this

is there enough runway on that loan

that will get us into a safe

that will buy us some years even

so we wanna double it

it's a projected five year hold

we wanna make sure that we actually have a 10 year

runway to that now okay

within a course of five years

you're gonna figure something out

but now you don't have to make that fire sale

you don't have

you're not in a compromise position

you're not need jerk reacting to what's happening

and that's what we're seeing happen real time right now

you're seeing

a lot of people having to

um navigate

they have these bridge loans

they have adjustable rate loans

we saw that in you know

leading into the 0 8 crisis in single family housing

now we're seeing that on the commercial side of things

hmm

lots more I could say

but I'm gonna pause right there

cause I'm like

I don't wanna go too gray anywhere cause I

yeah that's awesome

so based on everything that I'm

if we could go back to the different

you said early on

having a primary residence that you own

and you're paying a mortgage on

that's not an investment

so now we're talking about a single family thing

that comes with headache

you gotta manage it

maybe you find a property manager

but ultimately

that's still like

if there's issue with the property manager

you gotta find a new property manager

now then you're talking about

you can do syndications

my what I do know is that there are

certain syndications that are

only for accredited investors

which are individuals that have a net worth over

$1 million or

uh if it's a

this is incorrect

my facts here

if you're single

it's over 200,000 in income two years in a row

and if you're married

it's over 300,000 household income two years in a row

that's what allows you to be a accredited investor

which is opens up the doors to more opportunities

because they're assuming that

you are going to do the vetting yourself and

you know not um

get screwed for a lack of better words because of

not understanding what it is you're investing in

that's the idea behind the incredited investor

termin and the whole thing

is that correct

that that is correct

and one of the things they also um

want to ensure is

you know a level of education

a level of sophistication um

and they don't want

people being predatory and going after

people who may not have the resources to lose

so that's one thing

when we're speaking with investors at our company

we like to understand

what is the financial positioning of our investors

you know because the SEC

securities exchange commissions

like they will

they can come down any pretty hard

if you're taking somebody's last

you know hundred $50,000

whatever it is right

you know for an investment

it goes sideways

that could be a big problem

so it's really um

looking at that financial health of an investor

cause I would say when I heard the

term or just the accredited thing

this is probably

5 to 8 years ago

I heard someone tell me about this accredited investor

the status that you have to achieve

and I heard the

the argument against it was that it basically was again

or this one person I was telling me said

he wasn't a fan of it

because he thought it was just another hurdle

for people to have to jump through

and it was just an

it's a hurdle that the wealthy have already surpassed

and they have all these opportunities

but if you're up and coming

it just is an added thing that you have to overcome

I feel personally like because of the access to

YouTube and podcasts and the way that you can learn

so easily in today's world

versus whenever this rule was created

however many years ago

I don't know if you know that um

to me it seems like there

and I've heard rumours that they're

potentially talking about

allowing people to take a test

to pass the test until to become an accredited investor

which I I personally be a fan of

but aside from that

I don't know if you have any comments on that

I do I am curious

so now you're telling me

if I'm above 1 million and net worth

or I'm a credit investor

I've got these opportunities

but you're doing something for people that are

under that net worth that are

maybe again

you it sounds like you're doing something that is

not required of companies like yours

which is making sure that this is a wise investment

for the person who you're taking the money from correct

correct so yeah

a little little bit of my own personal thought

my own um evolution on my thinking

I used to think along the same lines

it was frustrating

I am very much into a smaller government

and I like you know

more control for people to make their own choices um

however as much as I love that

I'm also seeing things taking place in investment space

that does cause for concern right

I there are deals that go sideways

and those investors were told all the

blue sky of those deals because

and I need to say something that's very probably um

won't be received well by a lot of people

because of you

this is gonna be controversial because this is my

my own opinion

obviously because of YouTube

because of podcast

because of um

self published books etc etc

we have such access to information

and then we have a lot of um

very successful professionals

who have entered into the investing space

specifically the commercial investing space

um they've developed platforms

I'm not pointing fingers at anyone

I'm not calling anybody a bad person

I'm just saying it's be

become very easy to become involved in commercial

in real estate

in commercial real estate

in syndications

in funds in all sorts of elements that that um

receive other people's money

but they don't have experience

so maybe they've even you know

run multimillion dollar accounts at their

at their company

maybe they've even

had a team of people that they've managed

and so there's a natural inclination to say

I've been successful in this way

my success and my skills and my ability

are transferable into whatever I do

and yes I agree

skills and everything are transferable however

there is a type of experience that we lack

so you know

I mean I remember stories of real estate

literally my entire life

that's a big topic of conversation right

and I remember the UPS and downs of real estate

there are some things that you just learn innately

because you've been exposed to it

you've been around it

you've been immersed with it

and so you know

kind of how it operates right

it in this case

being real estate

but whatever industry a person is in

they're going to understand it

and they're going to be able to build on that

and so with that

we're in this new climate

where you have a lot of people

that got in

it's like wow

this is great

I'm gonna leave my job

I'm gonna have the freedom I'm looking for in life

um and I'm going to syndicate and everybody's gonna win

and then you have deals going sideways

so with that

I think as I've been watching things shift over

the last year and a half

it's made me caught

it's caused me to pause and say

maybe there is some merit to

having some of these benchmark hurdles

so that people

people aren't just looking at the blue sky

even passive investors saying like

yeah and they

they lack the education

um and that's why

so we operate

uh there are two different ways that we can operate

there actually lots

and let me clarify also

there are lots of ways to become an accredited investor

you can even take the like a Series 7 test

and become an accredited investor like

so the two primary ways are the ones that you express

like how much income you have or what your net worth is

but there are actually several other ways that

you can become an accredited investor

if that's something you wanna do

the benefit

since we're talking about like

accredited investors

let's think about what are the pros of it

well the pros are

people can advertise

their investment opportunities

so they can go and you can see on social media

and on TV commercials

whatever it is

they can actually advertise like hey

come invest in purchase

help purchase this 384

luxury you know

multi family complex down in Dallas Texas

let's say right

they can advertise that and just

receive investors

immediately

the other way

which is how we operate

is there has to be a relationship in place

first before that investment is placed

hmm

6 b and I like b

cause I say it's better

it allows everyone to be involved

and quite frankly

I don't wanna have investors in

in our companies

investments

that are strangers to us

or that we really don't know

our goal is really to truly serve and support people

in growing their wealth

if we wanna do that

we need to understand and have that conversation

what is your goal

what are the resources you currently have

how can we work within that

wow maybe we should roll over your

your 4 o 1 k

and you can sample this investment

without putting in

your savings

from your account

that's in a special account

making 5% right now yeah

like whatever it is

yeah no I think that that's uh

I didn't know about the Series 7 7 thing

that's interesting

and so that's another route that someone that is very

to your point of like it already does exist

someone is adamant about becoming an

accredited investor

they can go through this test

our study for take the test um

and then they're accredited correct

and then the alternative would be to do this uh

do you say 5 o 6 b

5:06 b and so what that means is that

you're going to have to go in as an investor

and you're going to have to

basically knock on the door of companies

now here's what I have noticed has happened

in my years

of investing in the commercial space

is it often times

people start with what we call friends and family

as their investor base

and they grow from there

and I've noticed that as a lot of these investors start

and they start to grow

they go from being this 5 0

6 b offering that is oh

you gotta know me first before

you can come into these deals

as they grow

they're like hmm

we're gonna start

advertising and we're gonna shift to a 5 o 6 c

and so now this opportunity

even some of their investors might not

be able to invest with them any longer

hmm

hmm

getting to know operators

sponsors um

who are active

and who do receive um

an operate under a 5 0

6 b umbrella

hmm

that's what basically

because there's limitations on

how many people can be involved in a particular deal

with 5 or 6 b correct

it is interesting

so you can have 35 non accredited investors in a 5 0

6 b offering um

and you can have as many

accredited investors as you want

so here's an interesting thing that you'll find

also taking place is that some people say Cali

I just like

why is why is the minimum investment 100,000 or

fifty thousand dollars

like why and a lot of times as teams grow

they will raise their minimum investment criteria um

and so some people will ask me like

why isn't it $25,000

I just I only have $10,000

I wanna get started

and we have to look at um

in any investment okay

well we've got 35 slots available

and let's just say

we have $7 million that we're bringing in

in investor equity to our deal

we won't have you know

we really wanna open up the spots to

sophisticated investors

highest and highest is gonna win out on

the sophisticated investor side of life um

because we do have those limited spots

but the behind the scenes also that

a lot of people don't take into consideration

and it's more on the maintenance side of things

is it actually increases the costs of everything

so you've now have extra

tax reporting that you're doing

you have other communications that are going on it

it is a higher level of effort

so anytime you see somebody operating in this way and

um even if they have a lower minimum investment

that allows more investors to come in

you need to slap them a high

high five because they're truly serving a lot of people

and it would be a whole lot easier if they just said

you know we're just going quarter of a million or

or more that's how you're getting in right

like they could do that

yeah I was gonna say that to me

to me immediately

I was thinking like

of course if I you know

if you're having to uh

you're in relationships with everyone

that's involved in this thing

would you rather

you know have to

keep 10 people updated and up to date and run all the

tax reporting and everything that's required or 100

like there's clearly uh

complexity and just time and effort and energy to the

the smaller that dollar size that you're accepting

it's almost like

you know what's the cut off

or is it even worth the time of the person

in the business that has to

you know uh

stay in contact with someone

I'm gonna exaggerate

but if someone's investing $500

is it even worth the postage or all their notices

you know that like there's

there's definitely a threshold

and the larger the amount

the more the simpler it is from

cause there's our

it's I'm assuming it's complex enough

we just like running the deal and making that a success

and then the

the most controllable

uh complexity dial that you could turn would just be

smaller number of investors

larger dollar amounts

the same end goal

but now we've just eliminated that

like headache or potential for headache

when we think about those minimums and having

you know a whole bunch of investors

coming in with a $500 or $5,000 right

we've talked about how that's going to increase

just the maintenance

the communications

the costs everything

um there are people who for many

many years have actually

join together with friends and family

um and they've created their own LLC

and they have

you know put

pulled money together to make those minimum investments

and so there are workarounds

if someone was like

I wanna get started

but um you know

I only have 20,000 in the minimums

50 maybe rally and you

you find some other like minded

friends that you know

like trust that you would trust very deeply

and you could pull together

form your own LLC and then invest into a deal

and split things up yourself

there are platforms out there that actually help invent

help individuals accomplish this

and how offer transparency

so that you can all see the bank account

it takes care of um

separating the um

the taxes so that everybody gets a fair share of their

depreciation and and elements like that

oh okay

um that's or another thing related to this

something that I

this is just relevant for us is timing

I was talking to our account

and he was talking about real estates

great but it all

it's like timing is huge with everything of just like

what year are you going to depreciate

what depreciation schedule does the investor choose

and all that stuff um

and this this

the all the

limitations and requirements around how and when

uh you depreciate things

so I'm curious

when you are working on like if

if you're putting together a new deal

do you have

for you guys in particular

is there um

overarching strategies for like how

and um I should also clarify that I'm like the

understanding depreciation and how that affects taxes

as like at the cusp of my knowledge

so I will say

my understanding is if I owned

you know a million dollar apartment complex myself

I was a sole owner

obviously if there are improvements that are made to it

uh more the total value of the property

I can depreciate over a certain number of years

and then I can take the

whatever the

first simplicity

it's $1 million that said depreciated over 10 years

I don't even know if that's possible

but $100,000 a year

I can reduce my

uh gross income by that number

my question is

whatever you can put in real numbers

if that is helpful

but if you were with a group of

um 10 investors that were

depreciating that million dollar thing

and there was $100,000 a year

is it literally just each investor gets

if it was if we were all equal partners

everyone would get $10,000 per year that's depreciated

is that correct

or is there another like

is any of the depreciation lost in the

in the way that the deal is structured

am I saying that clearly

you you you're totally you're

you're like yes

there you're seeing all of that in a really great way

and then let's

let's just add a little more shape to this

right so yes

the depreciation is split proportionate to whatever

someone's investment is

now I'm gonna say a little

I'm gonna kinda go on a soapbox on this topic

um before I do that

what we like to do and what we have been doing is

we've been taking bonus depreciation

so we we do is we have a

cost segregation study done on

our you know

real estate asset

and they depreciate

everything that would normally be on that

twenty seven and a/2 year straight line depreciation

the sprinklers

the light bulbs

the roof you know

all these little pieces

they're all getting depreciated

assigned to value

and then they're being depreciated year one

and in doing so

up until this year

you've been able to take for

for the last several years

you were able to take 100%

of that depreciation in year one

now think about this

hold periods for the last you know

let's say 10 years or so

have been somewhere between three to five years

so you know that

you could take all that depreciation right there

at front year one

whatever you don't use

you can roll it over

it's a simple form

I'm not giving advice and I'm not a tax consultant

but you know

there's a simple form

you just file in with your taxes

so if you cannot use that depreciation

you can roll over year after year

until you've used all of that depreciation

now here's the important thing that people

don't understand

if you were invested passively okay

let's say you decided

I'm not gonna invest

my $50,000 as a down payment onto a single family home

I need to put that $50,000 into a large multi family

multimillion dollar investment

you are now a passive investor

you have two different income buckets

you have a passive income bucket

and you have an active income bucket

and if you're a regular W2 employee

you can't co mingle those

you can't just put something from one bucket

bucket into the other bucket

and so there are a lot of rules

and regulations surrounding

how that depreciation can actually be utilized

this is something where I think there's been a lot of

miss education out there in the investment space

everybody goes around saying depreciation

yeah yeah yeah

and it's like

but can you use that depreciation

most people have to be

you know like

have multiple passive investments

now that's gonna be really handy

let's say you have a second passive investment

and your first one sells

and now you have an influx

you've doubled your money right

and so now you have this influx of capital

it just came your way well

if I have this depreciation

I can just offset that

but the other important element here is that we're

offsetting um

deferring taxes does not delete taxes

so there is recapture involved right

so a lot of times people say

differ until you die it's just

it's really important again

I'm not giving any tax guidance to anybody

but it's this is why it's so critical to have a tax

strategist or advisor

if you wanna call them that

not someone that is

not just simply filing your taxes each year

but someone who is being strategic with you

in your plan so that you understand okay

this is what I'm working with

and you're checking in throughout the year oh hey

they've decided

like for example

where's we are going to be selling one of our assets

um in Iowa okay

we're letting our investors know that right now

because I know that those investors

are going to wanna talk to their tax strategist

so that they can already start planning ways

for when it sells

how they're going to

you know mitigate that

influx of capital to them

I also know they're gonna redeploy it

and that's gonna help them out a lot

well that's I

I just think that's super fascinating

the uh I love I

we're definitely getting

Natalie and I are just beginning to start diving into

the tax strategy and talking with people

and I do feel like it's just another one of those

things that you have to learn about or understand

otherwise you just yeah

that's a missed opportunity to deploy the

the money that you are able to earn in life

effectively to accomplish whatever goals you have

so that's um

hmm alright

I love the way that you described it and broke it down

and just uh

some good things to think about looking at the time

I wanna move to last

couple questions that I ask everybody

first one is

what are three book recommendations that you have

I am a book

I'm always obsessed

so my first is always going to be whatever book I'm

currently reading um

so right now I'm actually on a book launch team

for John Acuff's book called

um oh my gosh

all you need is a goal

fantastic book

I am loving it

I'm halfway through it

um it'll come out September 12th

I'm not sure when this will air

but highly recommend

get yourself a copy of it um

I love this

if you're not a reader

I'm holding this up

if this goes out on video

it's called managing oneself

it's like the size of a hand

it's really thin

I read it in 90 minutes with um

a pina colada that my husband made uh

fantastic is by Peter Drucker

it's one of his essays

everybody should read this

if you have high schoolers

they should read that book

and another book everyone should read

you can see it's all tabbed up

this is called The Motivation Manifesto

by Brendan Brochard

every person should have that in arms reach

it will give you fire to really

continually improve your life

and well being

awesome um and favourite movie

favourite movie of all time

I'm not a huge movie person per se

but I would say um

I really like the Star Wars side stories

I really like all of the new ones

that have come out um

the one with Han Solo and I can't

I think it was just called solo

but I love all of those because it's like

sharing this intricate background

of characters that I fell in love with when I was young

and it was like

oh that explains so much as to

why you act and behave and respond the way you do

hmm I was so stoked when Lucas Films got bought out

but I really like the new

the new ones with like

like backstories

because I was like

now we get to have more Star Wars

every you know

twice a year there's gonna be a new series new movie

because yeah

I'm a I'm a big Star Wars fan

the and then the Star Wars land at the

Disney World in Disneyland is just unbelievable

we just um yeah

we're our family are big fans of that

so I I concur with you there

um if someone is interested in learning more

getting in touch with you to pick your brain

or see what other type of investments you have going on

what do you recommend as the best way

for people to get in contact with you

head over to julieholly.com

if you head there

um which will support

you with learning more about investing

also we release a

we buy the team that helps produce it

a mindset episode each Monday

so for three and a half years

every single week

so there are over 400 episodes there waiting for you

to go and grow

there's also a YouTube channel that's really helpful

YouTube channel that will just walk

you through a lot of the terminology

and little bite size nuggets

so you can check out this playlist

but I'm totally

I love supporting and educating people

and so if you are feeling like this is over your head

I felt that way too

the first time I heard about syndication

and I was raised in real estate

so like it's a

it is a different

space commercial is very different than

what we're used to in the residential side

but I can assure you this

it's really simple

and it's extremely strategic and

advantageous to be involved in this type of investment

so you know reach out

don't be a stranger

you can actually give me a call at 2 0 8

6 0 3 0 9 9

6 or you can head over and schedule time on my calendar

awesome well Julie

this is super enlightening

thank you so much for being generous with your time

and sharing your knowledge with everybody

um and yeah

I know you're not too far away from Quarter Lane

so we'll be seeing each other around and uh

look forward to

continuing to chat with you and pick your brain

likewise thanks so much Chris I appreciate it

thank you for your attention

and listening to this episode of the pursuit of purpose

your feedback and comments mean the world to me

if you liked what you heard

please take a second

leave me a 5 star review on iTunes

if you've got suggestions for future episodes

or just want to say hi

shoot me an email at Chris at Chris Kiefer com

don't forget

I make it a point to include all the links to the books

movies and resources mentioned on this episode

in the show notes

you can see those directly below in the description

or on my website

Chris Kiefer

com thanks so much guys