00:00:23.540Also, the thousand-day stretch with no pay, a decade of living on $1,000 a month, and the brutal conversations he had with himself and his wife about what they actually wanted.
00:00:36.700So if you're in the hole right now or you're scared of ever being in the hole, this today is the blueprint for how a man digs out of that hole without excuses and also without quitting on his family.
00:00:51.580And this isn't just a comeback story. It's a lesson in delayed gratification and what winning the game actually really looks like.
00:01:00.680So we cover how to build passive income, take advantage of opportunities that scare you, and ultimately choose freedom over what so many people have been addicted to, the appearance of success.
00:01:14.720So if you're tired again of chasing a lifestyle that you can't afford, or you're ready to start
00:01:20.400building something that will actually last for you, this conversation gives you the mindset
00:01:25.720and the moves to get there. You're a man of action. You live life to the fullest. Embrace
00:01:31.740your fears and boldly chart your own path. When life knocks you down, you get back up one more
00:01:37.120time. Every time you are not easily deterred, defeated, rugged, resilient, strong. This is
00:01:44.180your life. This is who you are. This is who you will become at the end of the day. And
00:01:49.400after all is said and done, you can call yourself a man.
00:01:53.800Gentlemen, welcome to the Order of Man podcast. I am your host, Ryan Michler, and the founder
00:01:58.180of this 11-year movement to rebuild and restore masculinity. Glad you're tuning in. Glad you're
00:02:05.340here. Got a very powerful conversation with a good friend of mine who has a lot of knowledge
00:02:10.720in how to build a lasting business, a financial empire, and a life that I think most people
00:02:18.040probably simply dream of. Before I get into that, just want to mention my friends. Speaking of
00:02:23.360legacy, my friends over at Montana Knife Company, I got their folding knife, their brand new folding
00:02:31.080knife. It's called the Montana about a month ago. And in that box is a card and there's signatures
00:03:07.280If I'm going to have a knife and I'm going to cook food for my family or break down a deer or defend myself or even just pick my teeth because I can't get a piece of meat out between my teeth and I don't have a flosser, I'm going to look to having a Montana Knife Company knife.
00:03:27.360And I would encourage you to do so as well.
00:03:29.120Guys, head over to MontanaKnifeCompany.com.
00:03:32.480Use the code OrderOfMan, all one word, at checkout.
00:18:31.320And they're like, hey, I want to travel the world for nine years and retire at 36.
00:18:34.980and i'm like cool let's go through your finances here's what you do here's how did i lay it out
00:18:39.300and they're nine out of ten of them are like i'm out no thank you they're like dude i can't eat top
00:18:44.100ramen for five years right i won't my wife won't my kids won't i'm like well my wife did my kids
00:18:49.920did yeah but i wanted to work she was a police dispatcher and she probably was six years those1.00
00:18:55.820six years she she started out as a police dispatcher to put like literally ramen noodles1.00
00:19:01.940on the table and then once we started getting the airbnbs she managed the airbnbs all of them0.99
00:19:07.320cleaning hand and and uh bookings and did the police uh job and then i went full bore into
00:19:15.800my businesses and trying to buy the airbnbs right buying i bought like four or five more businesses
00:19:20.820how did you go i mean so there's a big gap there like six hundred and fifty thousand dollars in
00:19:26.360debt to yeah and then i bought seven airbnbs like whoa hold on hold on hold on because like that's
00:19:31.660what the internet says it's like yeah you just go out and run 100 miles you use other people's
00:19:37.680money and then you buy seven airbnbs and then you make 100 return every year and then you take that
00:19:44.140money that's not even yours and you go out and it's like okay yeah a-hole yeah that's not how
00:19:50.140it works so so like what so how did you do that let's was it that was it an airbnb first to start
00:19:56.100clawing out or how did you start making generated revenue? Yeah. So I, so I just did a podcast on
00:20:01.580this at real business owners. So if anybody wants to go listen to that, I just recorded it. Um,
00:20:05.280it'll come out in a couple of weeks, but it's literally on that story because that's probably
00:20:09.240the number one question that I get is how did you exit your businesses at the time? I had like eight
00:20:15.080and eight Airbnbs. How did you build that and then exit and walk away and work four hours a
00:20:22.700month for the last nine years. Right. So if you want to get real in depth, you could go listen to
00:20:26.640that. But for this to kind of abbreviate it, yeah, man, it was, I tell people, dude, for like six
00:20:33.760months, it was sitting in my basement, playing Call of Duty, drinking beer, depressed. That's
00:20:40.500six months of it. I didn't look for other people's money. I didn't know what the hell that meant.
00:20:45.700Right. It was depression. It was, I messed up as a man. I failed my family. I had a newborn child
00:20:51.760two weeks after we lost our home and we were literally crowd surfing couch surfing crowd
00:20:57.020surfing totally different yeah uh couch surfing and living in hotel rooms shady hotel rooms
00:21:03.280uh until my grandparents basement opened up but dude it was dark and that's where i think people
00:21:09.300resonate with this and and where i would resonate with it if i had heard the story is it was not
00:21:14.700easy it was not six months of you know buckle down and hustle it was six years that people have
00:21:21.240no idea. I, when I'd recorded my podcast yesterday, I started crying like four times
00:21:26.980and, and I had my producer in there, uh, my RBO producer, Nick and, uh, Trevor doesn't cry. He
00:21:34.060never cries. And real men. Yeah, exactly. What does that say about you? Exactly. Um, but at the
00:21:40.300end he says, I says, dude, sorry, I cried. You know, I just, and he, and he says, Oh, that's
00:21:44.420cool, man. And I says, it's just, it's like in my soul. It's just, it's part of me is that story
00:21:49.860And I can snap my fingers and go right back to that couch or right back to a thousand days plus, like a thousand days plus of not missing one day of work, 12-hour days, missing my kids' first steps, missing my kids.
00:22:04.900my wife would text me and say castle just said daddy and i'm like cool i'm at my effing job
00:22:12.200you know like and then i'd call my dad and this is where you need to have people in your corner
00:22:16.800a wife a spouse uh husband whatever it is and i would call my dad and i'm like what am i doing
00:22:22.340like what am i doing and he says rick if i would see if i saw that you were making this money and
00:22:28.220just blowing it again like you did before on motorcycles and watches and big houses i would
00:22:31.960say, stop and go home and play with your kids. But I see that you are doing things that no one
00:22:39.120is willing to do and it's going to pay off. And Trevor always talks about this where, you know,
00:22:44.220with entrepreneurship, it's usually a wave, right? You're building this wave up. You're building this
00:22:49.540wave up. You're not taking a paycheck. You're taking a tiny paycheck. You're reinvesting all
00:22:54.700your money for the, you're working nights, you're working weekends for the hope that in five years,
00:23:00.34010 years my dad uh kendall we had him on the real business owner podcast he sold his business for
00:23:06.360millions of dollars uh in vegas and he but i know for the 14 years he took building that
00:23:13.100it was we're broke we were eating frozen burritos and his truck was shitty and our light we looked
00:23:22.400like we were as poor as poor and then overnight he had a million dollars he says where it flipped
00:23:28.840the switch did he marry he says he tells the story of when he the the venture capital company
00:23:34.520that bought his business he says they wrote me a check and i put like a four million dollar check
00:23:39.100in my pocket and he says i'm with my i'm with your mom and bill his partner at the time they
00:23:44.100rented a limo and he's like it's my first time in a limo in 45 years and they were going out to
00:23:50.860celebrate they're gonna have a nice dinner they were going to gamble and they went to a gamble
00:23:55.620and it was like a hundred dollars a chip right and the day before he's broke yeah the day before
00:24:03.580he's broken trying to make payroll you know and uh because they just reinvested everything into
00:24:09.380selling that business every dollar went into knowing that they were going to exit and so
00:24:14.120he says my mom was grabbed like bill's keep betting keep betting and Kendall's like I'm done
00:24:19.060like we're up 500 bucks you know and Bill's like it's not about the money we're just going to blow
00:24:23.340a thousand it's entertainment it's just a story to tell someday and Kendall's like okay my mom
00:24:28.920kept grabbing the chips and putting them and putting them in her pocket and she gets and she
00:24:32.240says get emotional um sorry man but she says this is groceries you know and she still couldn't
00:24:44.200process that they were millionaires and so yeah dude I uh it was it's it's a long road it was
00:24:52.440hard. There was obviously a big gap there, but it was, it was just, it was doing the math. I'm a big
00:24:57.760math guy, huge math guy. And I, and I talked about this on my podcast yesterday where I sit down with
00:25:03.100Gina and I remember talking to her and I says, Hey babe, do you want to leave me? Serious as a heart
00:25:07.440attack. I had a couple of friends that wives left them when they lost their money. Yeah. I'm out
00:25:12.660common, common. Right. And I says, do you want to leave me? We have a two week old child. I says,
00:25:17.940do you want to bail you know this is probably your chance you know or never you're either out
00:25:23.220or you'll take i told her i'll take all the debt you know i'll take all the debt you can walk away
00:25:28.220and start start new and she's like what are you talking about right like and that was a big thing
00:25:33.840for our relationship and i said what do you uh what do you want you know what do we want to do
00:25:40.460we played the game the way my dad told me and society told me get a job you know go to college
00:25:46.320get a job make a little money upgrade your life upgrade the size of your house get a bigger truck
00:25:52.320keep having payments keep having payments keep having payments but you'll have a good life you'll
00:25:56.960have a boat payment but you can go to the lake you can take two weeks off every year and go do
00:26:01.240a vacation and i bought in on it and i went in all i went in hard and then when that was all
00:26:07.320taken away and you get to that point where you're like that wasn't fun i didn't i didn't feel
00:26:11.700fulfilled with my boat payment and my chopper payment. And I says, uh, what do you, I says,
00:26:18.060what do you want? She couldn't even answer. She's like a house back. I'd love a house. I'd love a
00:26:22.000car. We had no car. I went from six cars, three motorcycles, two four wheelers to zero. It all
00:26:29.800got repossessed, uh, dragged out of my driveway by a winch. Um, and so she says, I don't know what
00:26:35.600you're asking. I says, what if we retired in 10 years and traveled the world? And she's like,
00:26:41.460okay, like couldn't even, sounds good. I remember telling my dad like a year later, you know,
00:26:46.560and he's like, okay. Yeah, for sure. It's unbelievable. It was unbelievable. And it was
00:26:51.500at the time, but I did the math and this is the key. And I think this is where a lot of people
00:26:56.820miss it. Even when starting a business or their goals or dreams, it's like everything costs money.
00:27:02.760That's life, right? Money's the tool to buy your freedom or start a business or anything. And so
00:27:07.920i think first thing is sit down and so we sat down and i said okay our bills are a thousand
00:27:12.120bucks a month we didn't have a mortgage we were in the basement of my grandparents house
00:27:16.260i says if we keep living off a thousand dollars a month for the next decade decade my grandparents
00:27:23.060were like stay here forever a long time we don't care yeah and i'm like but what happens is you
00:27:28.260make 30 grand you live off 30 you make 50 you live off 50 yeah you make 100 you live off 100
00:27:33.920it's um there's a lot i don't know i think it's parkinson's law i think it's parkinson's
00:27:40.620i could be wrong but anyways the the law is uh your work expands to the time allotted
00:27:46.820but the same is true of your finances your expenses expand to the income allotted
00:27:53.440it doesn't have to be that way and for most people it is that most people it is that and so
00:27:58.680we continued to live off a thousand bucks and then after three years i landed a big job
00:28:03.860in Vegas. I worked three years, no check. I landed a big job in Vegas, a hospital, a veteran's
00:28:08.860hospital. Shout out to the vets. Those are my heroes. And I got a windfall, right? I got like
00:28:18.060$52,000. Yeah. And I'm like, woo, we're rich. So I went to a lot of the creditors. You can settle
00:28:24.700with people. I didn't realize this, but like when they repossess your truck and it's a $27,000 truck
00:28:29.460you owe and they sell it for 17 you owe them 10 right i didn't know that they called me up and
00:28:34.020they're like hey this is to will a federal credit union you owe us 10 grand i'm like you took it
00:28:39.260and they're like it's the difference and i'm like you sold that jacked up mega cab with
00:28:43.440seven thousand dollars what are you doing we don't care we don't get that money back
00:28:47.940we don't we got what we got from them and we're coming after you for the rest yeah and so i was
00:28:52.200able to settle with them like 10 i got 30 cents on the dollar most people settle for yeah um so i
00:28:57.820settled a bunch of that but then i got that money and i got rid of a bunch of creditors
00:29:01.960um again that's about three years in and i had about 20 grand left and i hid it under my mattress
00:29:07.380because i was afraid of banks everybody seemed like they were coming after my money totally
00:29:10.740i was afraid to check the mail i was afraid to answer my phone
00:29:14.360four years four years not a day not a week four years and uh got about 20 grand and i ended up
00:29:22.080buying a lot first because i didn't know again this is where you should get mentors yeah but
00:29:27.420i didn't know i just knew i wasn't gonna buy this lot and then what do i do yeah it's the only thing
00:29:32.140i could afford you know like houses are back then were a couple hundred thousand right which i wish
00:29:36.940they were today too i should have i remember about eight i should have bought a hundred exactly like
00:29:41.000i bought in 2006 yeah your your house you still own it right yeah i still own it and so i've owned
00:29:48.320it for 20 so awesome you know 10 more years and things paid off awesome but um i remember we bought
00:29:54.540it i think we went under contract or we secured or something for like 210 or something and you're
00:30:01.140stressed about it well it stepped it kept going up yeah and the county wouldn't release the the
00:30:06.880lot or whatever we already had it secured but every time every week the county wouldn't release
00:30:12.660the lot the prices went up but we didn't have a lot they wouldn't let you lock it in wow so it was
00:30:18.680like 215 and then it was like 220 and then i told my ex my then wife at the time and i said
00:30:25.680hey look babe if this goes up much more than this like i don't know if we're gonna be able to do
00:30:32.520this and it got up to 240 and now i'm like dude i would make that deal any day of the week i'd make
00:30:39.700that deal 100 and that's and that so that's what i started reading and listening i don't even think
00:30:45.660podcasts were really a thing this was 2012 about when you started yours right yeah uh 2000 yeah
00:30:50.7802015 14 which you were like the i remember very early dude you were so early and so i think it
00:30:56.480was more books and stuff but i remember reading that most wealth was built through real estate
00:30:59.720right and i didn't know my dad didn't have a lot of real estate so i just went and bought a lot
00:31:04.600it was like 25 grand i had 20 i put like five grand on a credit card again my grandpa was like
00:31:09.140what are you doing what are you doing and i says i don't know i know that this is better than a jeep
00:31:14.360or a motorcycle or a fancy watch that's all i know and i have i learned to trick myself because i'm
00:31:19.780i was and i am now but i was not good with money i'd spend it i didn't care i didn't think long
00:31:24.740term but now i have a goal now i know that i'm going to retire and travel the world and when
00:31:31.320we went through our finances again like i was saying it was a thousand dollars a month was
00:31:35.180our overhead at the time and i said and so i went through and i'm like flights in 10 years
00:31:39.980i remember adjusting for inflation because my goal was so far out so you adjusted for inflation
00:31:46.560yeah yeah dude and it was probably a lot higher than you thought yeah i was like yeah yeah i was
00:31:50.700like okay i think we could travel for eight grand as a family of four i knew we'd probably have
00:31:55.600another kid i mean dude it got weird to where when you're planning that far out and you gotta
00:32:00.240math it it was like okay we're probably gonna be a family of four maybe five yeah so what's that
00:32:06.520going to look like i'm gonna have an extra flight that didn't even exist he wasn't even a thought
00:32:09.980you know then and but i got to where i was like okay 10 grand i think 10 grand uh i thought eight
00:32:16.800and i'm like i'm gonna add two grand for incidentals and inflation sure yeah and so i'm like
00:32:20.900okay i gotta get to 10 grand passive income okay how do i get to passive income what does that mean
00:32:25.860real estate that's all i knew or business yeah right or business man let me just take a step
00:32:32.280away from the conversation. I know you're, I know it's riveting. I know you're, you're clinging to
00:32:36.620every word, but I want to tell you that Rick's story, what you've heard so far, there's plenty
00:32:41.080more to share. Didn't happen by accident. It happened because he had a framework from mentors
00:32:46.800and other people in his life and a way of thinking that turned his massive amount of debt into total
00:32:53.060freedom in less than 10 years. And I want you to think about that less than 10 years. And most men
00:32:59.740never get there not because they can't but because nobody ever taught them the blueprint
00:33:04.560and that's exactly what we're doing inside the war room on wednesday august 19th at 8 p.m eastern
00:33:11.940i'm going to walk you through the five frameworks for restoring order in your life it's the same
00:33:18.320kind of principles that rick has used to rebuild his finances and his marriage and his mission
00:33:23.440after he lost it all and this isn't theoretical it isn't some pie in the sky type thinking or
00:33:29.720wishful thinking or hoping. This is the operating system for a man who refuses to stay broken or
00:33:37.080broke or scattered or just in turmoil. So if you've been drifting in your life, if your finances,
00:33:44.280your discipline, or your house feel out of order, this one guys is for you. It's free,
00:33:51.060completely free. It's live and it's only going to be happening this month. Again, that's going to
00:33:56.900be August 19th at 8 p.m. Eastern. You can head to orderofman.com slash war room. Again, orderofman.com
00:34:04.720slash war room to save your seat in the room. You can do that right after the show to save that seat
00:34:10.900for now. Let's get back to it with Rick. And so then I just went to work, man. And I just started
00:34:16.320about the lot. I ended up, uh, what really changed my life was I was, uh, we went on a vacation to
00:34:22.380Palm Springs. And this is how we would do our vacations. We'd find anybody who had anything
00:34:27.120that we could use. And so Gina's like, I have this uncle, this rich uncle in Palm Springs that
00:34:32.020has rental properties. And I could call him and see if we could just come stay in one when it's
00:34:36.680not rented. And all we have is a hundred bucks in gas. Yeah. And that's how I would do my trips.
00:34:41.280Literally, we'd get down there. I've been on trips with you. I know how cheap you are. I still am.
00:34:44.620I told you now I'm good with money. Good, bad. I'm like, dude, dude, you know, buy an ice cream
00:34:49.300for your kids let's go yeah i don't i don't they can get it you're like hey can we have your
00:34:53.940leftover ice cream it's like just the con it's all soggy i'm like i'm chewing on your bone of your
00:34:58.480steak but it's hard to break those habits man it's it's been it's been 10 years of ingrained
00:35:05.460in me now and so now i'm trying to work on uh i'll get into that a little bit but uh that's a
00:35:10.840hard habit to break but um yeah so i i did the math and i'm like okay i got to get to passive
00:35:16.660income, bought the lot. And then my grandpa again was like, don't do it. And, uh, I went to Palm
00:35:23.180Springs and I remember I woke up one morning and her uncle was in, we were staying with him. He
00:35:27.080had a guest house, uh, on his property. And I come walking in one morning and there's a stack
00:35:32.840of checks on his desk, like at least an inch high. This is your grandpa. It's my great, my, uh, my
00:35:38.320wife's uncle. Okay. Got it. So, uh, and he's like 80 years old at the time. He just passed away at
00:35:44.24090. But I walk in, I'm like, hey, Uncle Grant, what you do? And don't know him really. And he's
00:35:49.820like, oh, it's first of the month. And I'm like, what's that? And he's like, it's rent. And I
00:35:54.780remember looking at it and I was like, dude, that's an inch and a half high. How many properties
00:35:58.980do you have? And he's like, I have over a hundred. Whoa. In California. Whoa. And I'm like,
00:36:05.620will you mentor me? Like, would you mentor me? And he's like, sure. You know, most people that
00:36:09.800are above you, they want to pull you up. The people who are below you are trying to pull you
00:36:13.580down yeah interesting yeah and so so he mentored me and i says this is what i got i got my lot like
00:36:19.480i'm on the path and he's like sell the lot what are you doing that's that's not a door there's
00:36:24.180no cash flow you're just waiting for it to appreciate and so i went home sold it and i0.97
00:36:29.120called him and i says i remember calling him and i says hey i sold it and he's like no shit people
00:36:33.540just usually talk yeah you did it okay and i he says now start looking for a rental property and
00:36:40.400I have no credit. My credit's annihilated. I sold up for 40. So I made like 15 grand.
00:36:48.020And again, this is where things, when you start looking, you know, like the yellow car,
00:36:53.120whatever that's called, where you start looking at yellow cars, now you see them everywhere.
00:36:56.120The reticular activator. Is that what it is? Yeah. It activates a part of your brain where
00:37:00.640you start seeing it everywhere if it's on your mind. Yeah. So I'm thinking real estate,
00:37:05.100I'm thinking opportunity. And instead of looking at big trucks, I'm looking, you know, and so.
00:37:09.180it's it's interesting i'll just say one thing on that i want to i want you to keep going on your
00:37:12.340story yeah it's interesting because a lot of people say oh you won't learn by osmosis and i
00:37:17.220agree it like you don't just absorb it but in a way with that reticular activation system you kind
00:37:23.740of do because if you're spending time with five real estate developers you're going you're going
00:37:29.820to become a real estate developer if you're spending time with broke people with with poverty
00:37:35.400mindsets, you're going to be a broke person with a poverty mindset. For sure. And if you drive
00:37:40.180around, you know, and think I want to buy a motorcycle, chances are you're going to buy a
00:37:44.080motorcycle. You're going to buy a motorcycle. Whether it's a good idea or not, you're going
00:37:46.440to buy a motorcycle. Yeah. And so my brain flipped into, I'm going to buy a rental property. And I
00:37:50.240just started looking for rental properties and opportunity in my budget, which was 40 grand,
00:37:54.440you know, like, how do I even start? And so I was on a trip to Vegas with some friends
00:37:58.280and I went over to the ATM. And again, this is like four years into my deal, right? Now I've
00:38:04.620gone from so out of that 640 grand about half a million of it was company debt business day 140
00:38:10.720was personal right i'd whittled that down probably to i mean maybe maybe 70 or 80 half with settling
00:38:18.340with the people and stuff but still had debt still had debt but i was i was like okay i'm okay to pay
00:38:23.360that interest and and what and whatnot to try to get some cash to get ahead and so i went to the
00:38:28.820ATM machine to get like a hundred bucks out to gamble. And my buddy, Brian, uh, Herrenberg,
00:38:33.920uh, grabbed my receipt and he's like, Hey, what's up, Rick? Oh, and you know, I had a couple of
00:38:39.160drinks, you know? And he's like, Oh, dude, you have 50 grand in the bank. And I'm like, yeah.
00:38:44.620And he's like, bro, we all thought you were poor. And I'm like, I am poor. And he's like, no, but
00:38:50.600dude, I had no idea. You know, I was driving like a thousand dollar truck at the time, one car,
00:38:55.120my wife would walk to work yeah i mean just we never went out to dinner and everyone out she0.99
00:38:59.600didn't get her nails done she didn't get her hair done we just cut everything off a thousand bucks
00:39:03.400a month for a family of three you can imagine that's good luck yeah good luck i actually did
00:39:07.160the inflation for it yesterday and it's fifteen hundred dollars today yeah so can a family but no
00:39:12.520you couldn't you'd have to live in your in-laws you'd have to figure it out you could but you'd
00:39:17.360have to be it would be very intense difficult yeah and it was i literally ate top ramen dude for
00:39:24.640you know three years i mean hard-boiled eggs in the morning you know uh peanut butter and jelly
00:39:30.820sandwich for lunch and top ramen for dinner a gallon of warm milk again too yeah lots of milk
00:39:34.760i couldn't afford the whole bro so gross yeah i always tease i'm like dude he drinks milk i'm
00:39:40.920like he's a grown man and he drinks milk yeah well i have that heart condition right so i have
00:39:45.580heart condition okay that's fair so i can't i can only have water or milk i can't have any soda
00:39:50.980yeah anything stimulant i mean i could have a little bit of sprite but i don't drink sugar
00:39:54.820yeah you know uh so i have to mix it up bro and it's milk or water so that's it bro it's tough
00:40:00.500um sparkling water though yeah yeah i just got on that now yeah i just got on that i got my mentor
00:40:06.460got the 40 grand and then that guy brian called me up two weeks later and he says hey dude i got
00:40:10.720this opportunity. This guy has an apartment that he inherited and he wants to start a restaurant
00:40:16.100in Boise, Idaho. He's a young kid. He inherited it from his dad. And he said, if you'll give him
00:40:21.58035 grand, he'll put this condo at Las Palmas. Oh yeah. You know, yeah. Up for. I probably
00:40:27.800thrashed your place. Me too. Me too. Sneaking into those pools and stuff. I went out there one time
00:40:33.620and the cops came and me and Trevor, you know, Trevor passed away. Yeah. Yeah. Of course. I mean,
00:40:38.020i went to high school i know yeah i love him dude i miss him so uh there was four of two girls and
00:40:43.060two guys and there was like 10 of us but me and trevor run to that little waterfall with me and
00:40:48.040him and a couple girls and the cops come side note and he did one of the girls takes off running and
00:40:54.040i'm like trevor i'm like hey just go underwater just go underwater and hold your breath it's dark
00:40:58.280in this cave and so we all three hold our breath and we're sitting there and all of a sudden i pop
00:41:03.060up and the girl's hanging from the fence you know i had spikes on top she caught her pants0.99
00:41:07.540and was hanging upside down like her her thongs hanging out you know pulled her pants up and a1.00
00:41:12.360cop's like hey what you doing and she's like ah my friends are in the pool you're like oh yeah
00:41:19.220dude that's so many good stories up there but yeah it's funny to go so he puts this up for collateral
00:41:24.480again this was a huge one where my grandpa was like do not do it red flag he must you know like
00:41:30.300this is this feels fishy what did you put up his collateral did you say he put up he put the condo
00:41:35.240up as collateral and i gave him 35 cash oh got it okay and the condo was for his loan for the
00:41:40.920restaurant yeah okay and his condo was worth probably 90 at the time okay and i but the thing
00:41:46.480is is my grandpa was like don't do it don't do it i had like four days to do the deal and i'm like
00:41:52.400and my grandpa's like that's weird that's something's wrong and i'm like he said he found
00:41:57.020a space and he wants to jump on it and so i got a lawyer i called the lawyer i'm like can you check
00:42:01.840and see if there's any liens i got a equity title in st george to um facilitate the payment so i
00:42:08.660got it and i told him i says hey this is 2500 for the lawyer lawyer and the setup of this
00:42:14.720it's coming out of your 35 grand so i'll give you 32.5 you're paying for this i'm first lien
00:42:20.740holder on your property yeah done and then a month later he called up and says hey if you'll give me
00:42:26.560another 30, you can have the condo. Really? And so I had 50, I needed 65. Just my grandpa ended
00:42:33.620up loaning me five grand. I paid him six grand a year later. So he would give me a $5,000 loan
00:42:38.400for a $6,000 20% return in 12 months, 12 months. He was going to do it for free. And I didn't want
00:42:43.780family to be like, Oh, grandpa, you know, helped you, which he did, but I wanted it to be business.
00:42:49.840And so I got my first condo and it happened to be an Airbnb. And I didn't even know what that was.
00:42:53.980that's again you know 12 years ago yeah and so um that just started it right so i got that one
00:43:01.640um i owned it free and clear and then uh we had a tenant below us that was smoking it was a
00:43:06.700non-smoking property our property's an airbnb and they were complaining and so i your tenants
00:43:13.340so i called that land i says hey can somebody find out who owns this property it was an old
00:43:17.620lady living in it below you yeah and you know joe schumacher i do know joe yeah so i i he had been
00:43:23.200my landlord for my business for a decade yeah so i'm like hey can somebody find out who owns this
00:43:28.220because the lady doesn't that's smoking and they're like joe schumacher and i'm like dude i
00:43:31.960know joe so i called joe and i'm like hey man can i buy this from you i don't have any cash
00:43:36.740i don't have you know 100 grand at the time but would you want to finance it he's like dude for
00:43:41.300sure he's like i've been wanting to kick her out she's miserable and she breaks all my rules but i
00:43:45.380i can't but if you change ownership you can and so let's do it so i gave him 20 grand down 20
00:43:53.540down and he owner financed it and then once that happened i was like oh light bulb people will do
00:43:58.400this i didn't even know it was a concept right 15 years ago now it's everywhere other people's money
00:44:02.480opm yep but i didn't know at the time i just stumbled into it and so then i started sending
00:44:08.100letters to every person in las palmas that had a one bedroom and i says hey listen my name's rick
00:44:15.040i messed up i lost everything this is my story i've got a you know newborn kid he's a year old
00:44:20.020and i have a reference so i'm like joe you write me a letter let me pay you payments for like three
00:44:26.420or four months and then if i'm not late if i'm good yeah write a letter recommendation so he
00:44:31.040wrote a letter and i says here's my letter about how i'm trying to change my life if you'd be a
00:44:35.060part of my story and help me out i would be eternally grateful this is in the recession
00:44:38.880still building out of the recession right but people couldn't sell stuff yeah people are
00:44:42.700struggling to but they can't sell or they'll take it was coming out of it but it was still not great
00:44:46.860right and so i says if you'll give me an opportunity i'll give you 20 percent down
00:44:50.840if i default keep my 20 grand i'm going to remodel it i gave gina five grand to remodel
00:44:55.720which is nothing but that's what uncle grant said don't go put 100 grand into it
00:44:59.480make it livable because these people are just going to tear it apart yeah paint the walls put
00:45:04.300in some new carpet call it good and i started that and over the course of i bought it was funny
00:45:10.060I tell people the first one took me four years. I bought like three more over the next three years.
00:45:15.520And the last two years, I bought four more. And the last two, I wrote a check.