Spencer Brown is the definition of someone taking control of their future. He’s a 29-year-old who is doing some advanced stuff in real estate. He buys properties where he chops off part of the lot and uses it to dramatically increase his profits. He has sold chunks of land to builders, he’s created duplexes and triplexes and he’s just fearless when it comes to his real estate moves. On this episode of The Your Life! Your Terms! Show, you’ll hear Spencer explain how he searches for properties, which ones meet his criteria, which don’t and his thoughts around his financial future. We’re thrilled to bring his story to you so we can all learn and grow together! Check out www.GoBrownProperties.com to learn more!

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Transcript

Hey everyone, it’s Tom Karadza. And we are coming to you from the new Rockstar office. Not all the acoustical panel is set up in my office yet actually, none of it is. So the acoustics on this episode are a little off but we are getting there. We actually got kicked out of our last office a couple weeks early, the landlord had a tenant, sorry, they had an option if they found a new tenant to give us notice and get us out of there a couple of weeks early, which got exercised and we had to bolt out of there. So we’re in our new office, we have about 40% of our furniture as a record this and other 40% coming tomorrow The rest will come in January, and the acoustical setup in my office is not has not happened yet. So on this episode, the acoustics aren’t just right just perfect just yet, but it’s coming so bear bear with us for a few episodes while that happens, and the volume I did the podcast setup for Spencer’s episode here, and the volume on my mic was a little bit off. So we’re just getting back into rolling and it’s gonna be a few little hiccups along the way but we’re definitely going to get there. So Spencer brown does a great job on this episode of breaking down his strategy for investing real estate which involves suffering lot, so I’ll let him share the story on the episode. But it’s really cool to hear 29 year old do this. He actually works with Andrew Paul, he is on the team here rock star in just a really good guy, I mean at 29 years old to share some of the stuff that he’s sharing him his perspective on real estate and life in general is really cool, totally impressed. Really good guy. And if you are listening to this and you want some real estate specific information for yourself, the best place to go to is always going to be Rockstar inner circle calm, and you can check out our videos on their access to the podcast notes on there, get access to the latest reports that we’re putting out and free copies of our books are on there as well. You can also sign up for our training classes on there. So it’s a we’re trying our best to share a lot of valuable information to help your real estate journey and the reason we get asked this a lot like why are you sharing all this freakin info mentioned on your website. The reason we’re sharing free copies of our books and put together reports and share them is we’re ultimately trying to work with you at some point that if you’re going to invest in real estate that maybe we share enough value that you think, Hey, I’m going to check these guys out. And maybe we develop a relationship and we get to work together at some point. So that’s where we’re coming from trying to share good information. And the hopes that one day perhaps we’re going to cross paths, and our journeys kind of will evolve together. So Rockstar inner circle, calm is the place to go for that. And I think that’s everything. We’re going to share Spencer’s URL, he’s putting some tools on his website for you. If this podcast goes out, and you get there and you hear him discuss some of what he’s going to share. It’s not there yet it’s coming. He just left here saying he’s going to put that up there. I think he’s going to have that up there shortly but if you hit his website early, you might not get them but he is busy doing that kind of stuff. That’s it for now. Let’s get on with

the show. Are you ready to live life on your turn? Is it time did take charge real estate business building the economy, health and nutrition and more. It’s the your life your term show with Tom and Nick rads. Are you ready? Let’s go

Okay, we are live with Spencer brown Spencer. Okay, yes you’re there. Okay, so I have the mics turned down a little bit just until we finish so if you’re listening to this we’re This is the first podcast and our new office the not all the acoustical stuff. I don’t know panels whatever it is are in yet so I have the mics turned down just a little bit so we don’t pick up some of that echo until we’re probably a few weeks away from getting that all set up. But I want to thank Spencer because for doing this first of all and sharing your story, but so in Spencer was kind enough to bring in some Prosecco, and I’ve opened. I don’t know how many bottles of champagne. If you’ve never heard of Prosecco. It’s like Italian champagne. And I don’t know, I can’t tell you how many balls I’ve opened. And I’ve never had that happen to me where I undid the little wire top of a shed the champagne bottle of Prosecco. kobato and literally as soon as that came off the cork hit the ceiling here and Champagne poured all over the brand new desk Spencer and all over the new office so you broke us in good man you broke us in so

Christine Christen new office it So

cheers, man. Well, we’re going to toast some Prosecco while we’re drinking this. So thanks for doing that. It’s very kind of you, everyone. You have to bear with us here for one second, we take a go.

I took too big of a goal.

Not refrigerated. That was

perfect. It’s perfect. It’s perfect. So I want to commit to this. Thank you for sharing the story. So tell everyone your age right now. Can we you know, how old are you? I just turned 29. Yeah. And can you walk us through this because what you’ve accomplished here at 29 years old is pretty cool. So can you walk us through a little bit of your, your real estate journey? Just take paint the context and that has some questions for you about this.

For sure. So I guess I always wanted to your good I’m good. Yeah. Okay. I always wanted to, you know, start my own business or invest in in something, right. So I’ve had this desire for a while, but just in 20. And I had a bunch of different ideas before real estate kind of showed up. But yeah, so I bought my first property in 2016. So yeah, just about three years ago now. And it was the cheapest house in Shelburne, by about $100,000.

Tell everyone where Shelburne is.

So shell burns about an hour north of here in Oakville. Most people know where Orangeville is, which is about 40 minutes north of Brampton, and Shelburne is about 20 minutes north of that. So I grew up in the Orangeville. area, and so Shelburne, and I was living in orange about the time actually with my dad, and I cheapest property by $100,000. So what did you buy? What did we buy an old farmhouse. I mean, it’s in town, but it was an old farmhouse built in 1880. 800 1800 square feet. And it was rough the you could skateboard, like a halfpipe on the kitchen floors. So we went in there and we flattened them out. And the whole place was just in pretty rough shape. So yeah, we we picked it up for about 250,000. And the cheapest house in shower at the time in the last year was about 350,000. So, yeah, it was I mean, a really good deal. And that’s what kind of attracted me to it right? And so and what were you what was the plan with that particular property? So what we did was, we fixed it up. So we flipped that. We turned it into a dupa legal dude, when I say we, Who’s we? So I was working with my dad on this one. And my family kind of helped me out with it as well. Yeah. And I had, you know, different contractors come in electricians and stuff for sure. Yeah.

Okay. So sorry, going you turned it into a legal duplex.

Yep. And then we severed a lot as well

off of it. Okay. So That you separate, which is like bananas to me because like you’re 29 but no at this time this was three years ago. Yeah, you’re 26 at this time correct. I love this story already. So you buy this house you think your does your dad supportive or as you think you’re crazy? No, no, he’s gonna help you out. He’s

supportive. So I should. Yeah, so my dad’s a real estate agent, actually. Okay, that’s how he like he found it right. And he was like, awesome.

Hey, like, how is it such a deal? Just the condition or was it some weird power sale

situation. Now the condition was was poor and the guy that was living there, didn’t keep it in good in good shape. And we found out afterwards that he had dogs living in the garage and it was just, it was kind of derelict. They’re like, they got it. Yeah. So it’s in rough shape. And it was in December. December is a good time to buy actually, because there’s not as many people looking right. So it was on the market for a while.

Totally. It’s weird. You’re saying that because you’re right. You’re 100% right. December usually is the right time to buy. We’re recording this right now. Right before Christmas. The market is on fire. We’re seeing like a we didn’t see like multiple offers like this. We haven’t seen probably for like two years, we’re seeing like 13 offers on properties right now. It’s absolutely crazy. And that’s just happened in the last three, four weeks. Yeah, it wasn’t it hasn’t been like that. And usually, you’re right. December is really, really slow. It’s weird because if you’re selling a property in December, and you do have buyers around this time of year, they’re always serious buyers. Because if you’re out there a few days before Christmas, you know, because it’s tough to compete against Santa Claus, Santa Claus, he occupies all of our attention. So if you’re if there’s a buyers out there, it’s usually serious buyers this time of year, right. I know, I know, not everybody celebrates Christmas and stuff, but still just the commercial impact of Christmas alone usually means people are doing something at Christmas. So if you have buyers, they’re not doing that because they really need a property. So it’s it’s a really kind of weird dynamic at this time of year. But that’s cool. So you picked it up at a good time of year as well.

Yeah, I’ve been looking at some properties lately and a lot of them are holding offers Which I, I try to stay away from when I’m doing what I do. Because I needed a little bit more time usually to figure out if it’s going to work for a severance, right for some kind of development. Okay, because what do you have to do for? Excuse me for figuring out if it’s a severance, what’s the process that you go through for that? Yeah. So the first one, right, that we did, or that

there’s more we’re going to get to these other ones. But yeah,

yeah, but I didn’t know. Right? I didn’t know if it could what it helped.

It probably helped that you were a civil engineer, for sure. Yeah, for sure. Okay, so yeah, walk us through that. Yeah.

Walk through the first one.

Yeah. Like the process of the process to sever you can use the first one is an example or the process in general, whatever.

So the process is, typically you need a larger lot, right. So ideally, so right now I have a certain setup for about 50 feet. Okay, so about 50 feet frontage. Okay, so that’s kind of where like to start. You need kind of a wide lot. And there’s typically for single family home lot. There’s typically three different type of watts, that you can make work. So one would be a double lot, right where the house is sitting on kind of half of the house, and then you could sever a lot the house is sitting on half of

the law, correct? Yeah,

correct. So that’s kinda like a double lot. There’s another lot called the through lot, where the backyard is actually fronting on to another Street. Okay. And so you could set her off onto that other Street, there’s something called laneway houses now that there’s already say, a garage or something on the line laneway. That’s kind of the idea of if people are familiar with the laneway house, okay. And then the other one in which I’ve done three times is the corner lot. Okay, so you’ve got ideally a large frontage on on one street, and then on the other Street, you’ve got a long depth, right, and you sever the backyard fronting onto the other Street. Okay.

That’s a symbol that seems like the simplest way the double lot situation seems weird to me, because do you mean just legitimately it’s two lots they’ve only built on one or do you mean that it’s just a wide a lot and the house is on the left or right hand side? And you know that the city is allowing the such a width to be severed?

Yeah, so sometimes, typically I would say, well, zoning bylaws are always changing. But let’s say typically the government’s trying to intensify to put more units on, you know, that we’re not making any more land and we’ve got more people coming. Okay. So I would say typically zoning bylaws are shrinking. So, you know, 20 years ago, maybe you couldn’t sever but now you can, right? So in that scenario could just be a single lot that was created 50 years ago, and now the zoning bylaws such that you can separate Okay, and that would be one scenario. The other scenario or a another scenario could be that it’s actually two lots some people buy two lots and you can check if you look on the listing, there’s the often the legal description there. And it might say, part one, part two of plan 12 A of subdivision blah, blah, blah, blah, blah, right. So I love when I see I’m Oh my god, that happened on the last one to lots. So Okay, perfect. Right I was I was doing it in a different way than the frontage. But it makes it really easy when you say like, hey, look, this is too lots, right? We’re just doing it in different. So

you find so you’re searching for the one of these three specific criteria. Typically, once you find one, what goes through your head? Or what’s your next step, then?

I find a lot. that’s big enough. Okay. And then I’ll look through the zoning bylaws and the Official Plan of the township. So this is all free, right? Maybe somebody has on their website can look up, you know, the Official Plan, what its designated as, and then the zoning bylaw bit, right. And I look what that is, and that’s kind of the parameters you’re working within, right? And then I’ve so I’m a civil engineer, so I do this kind of stuff as my day job, which is super, super helpful. But I’ll take a screen clip of the lot

right from the city’s website.

from Google Maps. Yeah. Okay. All right. Yeah. Or maybe we could put this in the show notes or something. There’s There’s free GIS mapping for every municipality. Okay, so yeah, they have lot parcel information with aerial photos for free, typically on their municipal website. Okay, so I go on that, right, I look at it is take a screen clip of the lot with the aerial photo to see where the existing house is. Right and then I put it into a PDF editor program. Okay. And then I start measuring stuff, right. And I see what I could do how big the the new house could be with different setbacks and stuff and a setback information you’re getting from the published city bylaws, talks caretta set box, what am I

drunk over here? box setbacks, they’re publishing the setback. So you’re finding her up there?

Yeah, okay. Correct. Correct. Yeah.

And, yeah, I’m gonna have on my website, a little explanation of what setbacks are. Okay. Just share the URL now and we’ll share it again. Sure. That’s go brown properties dot

Calm, go brown properties. com. Yeah. And the setbacks that must be different for every municipality. So you’re not gonna get them all on your website or, you

know, just an explanation of what a setback is okay, because that, you know, me coming from a technical background actually and actually working on development projects. When I first started looking at this stuff, I don’t really know what a setback was. And so that kind of confused me for a little bit. So I think that’s a common common question. And you know, what is a lot? Right, and what are, what are some definitions within a zoning bylaw that you need to know? Okay, because now I can look at his own violent pretty quickly and figure out what’s possible, right, but it wasn’t so easy at the start.

Cool. Okay. Okay. Wow. So you’re doing a lot of stuff, but I’m just thinking, you have that background, which obviously helps. But even if you didn’t have that background, you could call the city you know what you’re doing on the website yourself. You could probably call the city and say hey, I’m looking at so and so address or so and so long. And can you tell me what is possible here? And I found usually if you punch your way through enough people at the city, I mean, I don’t mean literally punch your way through. it been like calling through a directory of different people are calling back, you can usually get them to answer that for you. Have you found the same? Oh, yeah.

So that’s the next step in the process, right? You kind of Okay, so I’m

like the lazy guy who just goes right to I’m like, Hey, man, I don’t know what I’m looking at in your website. Can you I’m looking at this lot. What can I do with this law? But okay, you’re doing some pre research, and then you’re calling to confirm

correct? Or, ideally you go in sure you show up. Because, you know, city staff sometimes don’t have incentive to call you back or talk to you. Right. So it’s much easier when you’re,

you’re at the counter at the counter. Yeah, exactly. That’s the that’s the number one. Okay, and if you go into the city and ask these questions, are you getting the information or answers right on the spot or do you have to come back?

No one will give you a for sure answer.

Yeah. It’s classic government. But Will someone tell you hey, I think this

Yes, you can. I’ve been denied. Like, because I don’t own the property. Right. So some municipalities won’t talk to you because you’re not the owner. Okay, so I’ve been served with a paper where they say, you need to go get the owner to sign this right, which now you got to put down the offer. Now it becomes more difficult, especially in a scenario where houses aren’t staying on the market.

Yeah, or even if it wasn’t a hot market, you’re basically tipping your hand a little bit to for sure seller that there might be more value than they recognize. Right. So okay, but you’ve had to do that on each of these.

No, I didn’t move forward with that one where the city said that. Okay, got it. But yeah, typically, I’ll call or actually, my mom’s been helping me because she has daytime availability. Right. So it’s, it’s helpful to have someone with

a great family team. Okay, great.

So, and then you ideally, you have a See, this is the part where I have a diagram, right of what I want to do with it, and I say, Hey, is this going to work? Can you give me like a like a verbal right? I’m looking for a verbal right and so the last the first one didn’t do that just kind of muddled my way through it but the last two I did do that right so I made the plan for removing the conditions right you offer with conditions before removing the conditions. I got a verbal from the town planner saying I would support this

and how good do you feel about the verbal sorry I’m a monkeying around the volume a little bit here to literally just plugging the setup for you here Spencer the first time and I’m trying to tweak things a bit. How often when you do that, are you comfortable that the verbal is going to be good enough and not change because we’ve worked with the city we were going to buy a piece of land and build the space you’re sitting in now we’re buying condo commercial, but we were going to build a building and we found the city change that our answer slightly on us on their verbals. Are you freaking out on the verbal or what? What do you do to try to give yourself some guarantee that somewhat someone’s telling you verbally is actually the case?

Yeah, that’s the million dollar question. I know right? So when you have a million dollar answer, the million dollar answer is you need to be okay with it if it doesn’t go through. Okay? So in the previous three that I’ve done and the new one it was still okay if we didn’t get the severance. Okay, so that’s why the on the first one there was like a flip, right? Like improvement value splitting into a duplex, and then it was additional onto the severance, right? So I was okay with it not coming through. Okay. So that’s

basically it, you are buying these properties that if you get the severance, it’s basically just sugar on top here like this is you’re hoping for it. But you can survive with a worst case situation, which which I like we always talk about being short term paranoid in our real estate, long term optimistic, and the this is like a mini explanation of that because you’re basically saying, if it works, if it doesn’t work, sorry, I’m going to be fine. It’s not my intent, but if I’m stuck with this is just one property rental or possible flip. I’ll survive but if I can sever it now you’re golden.

Yep. So yeah I try to do a worst case pro forma like a regular case pro forma and a best case pro forma. Okay. So for example on the third line just did we got it Cisco successfully approved for a triplex. Okay. So it so single family home, increased it to the triplex and then severed the lot. Okay. So I was pretty confident on the severance, but again, I could have improved the value and do a duplex on the existing property put a you know, a regular legal duplex, right. And that was going to be good. I got that was for a good price. Legal duplex. I could rent it all day long and I’m good to go. right but there was two additional things that were sugar on top

for sure. Good for you, man. That’s a really really impressive like, holy shit. Way to go. No, seriously. So OK, so this process conditional offer when you find one of these things, you have your little clause in there if necessary to get some paperwork signed so you can see what can be done with the law if you need to do it that way. Then you go to the city you confirm what can be done with a lot usually just get a verbal, what’s your next step? So let’s let’s say yeah, you can do you verbally or told Yes, I you can do what you’re thinking to do. What are you what are you doing? You’re firming up on the deal? Yeah,

yeah. Your firm up on the deal

if if I’m comfortable with because you usually, you know, need to get a minor variance or something. Right. Maybe you should say what a minor variances, of course go? Yeah, it’s just something that doesn’t conform to the zoning bylaw. Right? And, but hopefully it’s in its minor in nature, right. So for example, the or an example, let’s say the minimum lot area on a lot was 300 square meters, okay, but my new lot was 294. five square meters, okay, it’s five meters off. That’s a minor variance doesn’t meet the zoning bylaw minor in nature, I would be comfortable with, you know, I’d have a high likelihood of approval, right? And you can take it one step further, that’s where you’re going to talk to the town because they should know what happened in the town previously. So there’s probably lots of examples of people getting minor variances for lots of to 60 to 75, etc. Right. So you’re looking for that precedence. precedence is key in this stuff, if it if it doesn’t conform to the zoning by law, or it’s pretty close, maybe you can find existing precedent, right?

That makes sense. Totally. And so now, minor variants might be have to have to happen at some point. And you close on the prot, you’re closing on the property, basically, at this point, you go for your minor variants, and minor variances approved, and then what?

So you would I’ve actually done rezonings in the last three but yeah, either a minor variants. rezoning. Then you would, why did you have to do a rezoning? Because it was in a, let’s say, an hour one and two to intensify into a more intense zone like an hour two or three. Okay.

Okay. So if you’re listening to this and r1 here, it’s just for like a single family home or something like that you’re looking to put a duplex triplex or something. So you have to change the actual zoning of that particular lot. Because in the area, it’s probably not set up for that. And you’ve gotten those approved before, too. Yes. Awesome. Okay. Okay. So minor variance approval or your rezoning? How long does the rezoning process take?

Oh, it’s different. So shelbourne The mizpah is working. It was, you know, pretty short, like four to six months, but in St. Catherine’s right now. It could take like 912 months.

And you’re doing something in St. Catherine’s right now. Yeah. You are yet or 40. Okay, we’re going to go kind of run through what you’re up to. But okay, so it takes some time. During that time. What are you doing just holding the property as is or you’re starting on whatever’s there to renovate and fix it? Exactly. Yeah, exactly.

Like fixing It Up renting it out.

Yeah, yeah. Awesome. Okay. Okay, so you’re going for that you’re fixing up the first one your rezoning or minor variance is approved. And then what? Sorry I’m just trying to understand this for myself like I’m fascinated by this and a whole bunch of rock star members specifically have done this all over the place Nick and I have not done this for sure. This is totally interesting for

me and I should say like, I know a fair amount of this stuff but

don’t you better be the expert and everything you say people are going to follow and don’t make any mistakes for anyone

know what I’m saying? You can actually hire health like there’s there’s planners and engineers that can can do this stuff as well. Right? So if you don’t know this stuff, but you want to know it, you can actually hire help, right? And you can either learn it yourself, or just get them to do it. Yeah. So but but you need to have a sufficient knowledge to to be able to look at it and think about it and to be able to hire to them and hire them and speak to speak right you need to know a little bit so

totally, and I think you know, I know a ton of people listening this morning agree with me, but on the first Second, when you do this, you should almost do most of it by yourself. Or if you do hire someone be intimately involved in their process, so that you’re learning, and you want to have the knowledge firsthand. And I know someone listening to this will be like, Oh, that’s a bunch of BS, because I’m just gonna hire someone else, and they can do it. But that’s where people tend to get screwed or things take too long. You know, you really want to get to know stuff. When we were when Nick and I were first flipping properties, or even buying rentals. We handle a lot of the gutting ourselves, we could see behind the walls, we would if the if the contractors needed material, we would be the ones going to buy the material ourselves delivering it to the house, and we were involved in everything because even if we didn’t know how to lay the tile, we wanted to be as close to laying of that tile as possible. So we could learn the process, how long it should take how much it should cost, and it’s proved to be really valuable over the years because I mean, just don’t get ripped off. When someone tells you Hey, like this tile work should look like this and you’re looking at the tire like no way there’s no way it should look like that because we know we’ve been involved in different projects before. So if you can at all be involved in you do something like this. It’s I mean, the, the knowledge you’re gaining that you have now at 29 years old about real estate is incredible. Like, how much is that going to be worth to you? Or the next 2030 years of your life? It’s going to be huge. I’m choosing to answer the question for you, it’s going to be huge. It’s gonna be freaking massive. So, okay, so I just want to continue the reason when it gets approved, you’re fixing up the thing. When do we actually separate a lot?

Yes. So I’m actually in the process. Now. I’ve gotten approved at Council, okay. And then the planner is going to send me development conditions, right. So like when someone’s doing a subdivision, right, they would have what’s called draft plan conditions, but it’s like you’ve been approved in principle, and then they’re going to send you a list of conditions you have to fill right. One of those conditions is paying them a fee, right? And in this one, I have to build a park like two parking spots on the existing property. So anyways, there’s a whole bunch of conditions that you have to fulfill. Once you fulfill those conditions, and they give you approval, then you can go ahead and you have to get a lawyer Right to create a new pin and a new lot and then you’ve got a new up.

Okay, got it. The lawyer then registers that on. Yes on title. I guess that actually is changing the lot size you have now rolling from one lot to too long. Yes.

And you either got to get a new mortgage or a partial discharge from your existing mortgage. Got it? And what Yeah, no, that’s super smart, of course. So what’s that process? Like?

Yeah, they had trouble with that on the second one, actually. Because

what the bank was like, No, hey, we got you the property like this. You’re cutting a bit off. Screw you. That’s correct. always win, man. You beat them?

Well, no, I had to pay them out and get a new mortgage. You did? Yeah. Yeah. With a new idea. Yeah. And there was no with it with a new company. You know, they didn’t know that it was

a new company, a new mortgage company. Okay, got it. Right. They don’t know that it was smaller than them before. Okay, awesome. Good. Good. So you navigate you through the banking system. So you managed to pay that one out. You found a new mortgage company tomorrow give you a new mortgage.

It was ridiculous actually, because they said that it didn’t conform to the lots in the area. But in fact, it did. It was probably more like

a lot scenario after the

several Well, typically a town wouldn’t approve it. If it doesn’t conform. That’s what they’re checking for. You go through this whole process to make sure that it conforms with what the town’s vision is, what the plan is the existing neighborhood and for the bank to come in and say it doesn’t conform. It’s ridiculous so you Yeah, no, I’m

liking that. You’re getting upset here. This is great. You’re sharing with us? Yeah, yeah, I agree. It’s bullshit. Bankers, but some of our members are bankers so if you’re listening to this or someone’s out there up for sure. banker listen this. We kind of sorta love bankers, but sometimes we don’t. Straight up. You need. You need them. Yeah, it’s totally a love hate relationship. But okay, so you get this done, the lawyer does it. Now you have your two lots and you’re free to do basically it. Now you’re back to regular permitting. If you’re building a new property out, then you get a building permit. And then you’re getting that and that’s our regular building process or get a building permit, go through the building of a new have a new property. That’s amazing, man. So on this first one, that’s what you did you built another property on the new law. No, I haven’t built the property. You haven’t severed now?

Yeah, well, I’ve actually sold two of the lots to a local builder. Okay.

So do you mean to the last? How many did you sever on that first one? So

just one lot on the first one, just one lot each time. So

okay, I’ve done Oh, got it. So you’ve done this on multiple properties? That’s correct. Okay.

Yeah. Cool. So can you walk me through then your property? So I get a picture here? For sure. So the first one. Yeah. split into duplex separate a lot. sold a lot to a builder. Second one. did the same thing.

split into duplex several a lot

was this was the second one purchase and shelbourne is a deal as well. Yeah, good deal. Yep. Okay.

Yeah. Well bought it for 359.

Okay, and in the area. We’re going for Oh,

how virgin shunga probably like 500,000

maybe more cool. Okay,

um,

yeah, yeah. Okay. And it was a good deal because also beat down property kind of thing.

Yeah, it was in a bit better shape. And what was good about that one is we didn’t have to do too much to it. It was the layout was such that we could just build a wall. Okay. And the stairs were going up to the to the second apartment upstairs. So it was it was a great layer. We didn’t have to spend too much money to create a second apartment.

Okay, cool. Okay, yeah. Okay, and then next because you’re up to fourth now. So yeah, what you do on third one,

third one was a large corner lot with a bungalow. Okay at 1200 square foot bungalow and got approval for a triplex. Okay. So I made a 650 square foot two bedroom, right while I was waiting for that approval. Okay, so you could you can do illegal second suite in most areas now in Ontario, right, you have to check the zoning vilela but They just provincial policy statement just updated in 2019 to allow, you know, week one, their municipalities are still figuring out what that policy statement means for them. But you’re supposed to be able to do an accessory dwelling in in most single family homes. And I know it’s a disaster.

I know. You just say it’s a freaking disaster. But anyway, you’re navigating through it. And you’ve got this. You’re you’re getting this done. Yeah.

So yeah, did the second one and then now I’m building the third unit, which is going to be about 480 square foot one bedroom. So in a 1200 square foot basement, got the utility room, a small two bedroom, and then you know, awesome and bedroom. Shell. Are we still in shelbourne? filling shell for you, man? Yeah. So yeah, but, you know, this year, I realized, like, you know, I should branch out and I, I, you know, I being a part of Roxbury, I got exposed to other areas. I actually look at other areas, right. So when I started looking at St. Catherine’s Kitchener Barre.

Yeah, so that’s what I’ve been up to this year.

Found something in St. Catherine’s it looks like I’m just kind of looking at down some of the notes that you share with me. So that yes, you’re gonna you’re closing on this one in January. Yes. Yeah, it’s good for you, man. Yeah, I know I keep saying that, but I’m totally impressed. Awesome. So what Yeah,

I’ve had to do joint ventures on everyone. Because I don’t have any of my own money. I was to do a student loan I was negative. My net worth was negative 17,026.

And that’s fair enough. I remember paying off my student I remember going to the CBC Banco Rockwood mall Dixie in the burbs over Mississauga made the last payment on my student loan and literally jumping up and down in front of the teller celebrating. I get paid this goddamn thing is up so freakin happy. So yeah, now we can all relate man. I had OSEP loans that I was doing the most stupid. I was getting OSEP loans and funding. With OSEP I was basically paying for my reading week trips to Mexico and funding my friends who had no money and no SAP funding their trips to Mexico. It took me it took some of my friends several years after university to pay me back. I was doing the most stupid stuff with my OSEP I totally shouldn’t have done any of that kind of stuff. Like I don’t even know what you know, I can’t even remember how I was doing that, like I you know, anyway, somehow I got access to the money did not go to tuition or books, and I was just blowing it on trips to Mexico thought it was the smartest guy to look at this. The government’s funding my trips back with interest. Anyway, so we can all relate, but it’s still so the joint venture aspect. I feel like you’re hesitating when you see that like the negative. It’s totally not you know that right? You know, it’s a positive.

Yeah, it’s a positive. Yeah, it’s just, you know, like, I had some skills and I had some desire to do this, but I didn’t have any money, right? So you can find people that don’t want to do it, who have the money, right? And try to come together.

Where are you? Where’s this kind of you obviously pretty excited about this kind of stuff. But where is this coming from? You went to university become a civil engineer. You’re currently working As a civil engineer, why are you doing this? Like most people are so focused on their career. They’re not they don’t have time for this kind of stuff. What’s going on? What’s what why is this happening?

I mean, I’ve always wanted to, I guess, I don’t know. I always want more, I guess. No, I, I’ve always kind of wanted to, I guess start my own business, right? Or have a side hustle. I’ve always wanted to do something more. And I guess from an early age, like 18, I started reading books on investment and stock investing, and I’ve kind of always been interested in that stuff. Right. And so real estate came, you know, to me, and I took advantage and it’s gone well, and I just really like what it can do for you, right? I mean, leverage, right if you if you can force appreciation through. There’s a bunch of different strategies to do that. But if you can do that, you can leverage your money. You get like five to one because you only put 20% down Hundred percent of an asset. So if you increase it by 5% sure, if you increase it by 20%, that’s 100% return which is outrageous, right? mutual funds are getting what? Five or 6%. So a bit of a numbers guy and I’ve always been interested in investing and I actually invested in my money in stocks are much,

much smarter than me. I don’t know. Stock Markets a little bit like a slot machine. So

I actually didn’t lose money. I didn’t make any good but I invested Yeah, but and

yeah, so I we all we went down some real fast is in my 20s. I spent I remember I was working at Oracle. And on my lunches, I was reading a trading manual i’d purchased. I forget the name of it. I just ended up showing it to Nick cuz I just found it in the move here. I was trading option I was going to do options trading for a CO and I spent a couple years doing it. And after a couple years, I was like wait, what am I doing? I’m just getting sucked into this thing, and I’m not really getting any Head on this. So that’s what’s attracted to me to real estate as well. I just felt like the leverage ability of it like when I started to figure out like, Oh my gosh, like a lot of this stuff when people make fun of real estate, and they’re talking about like, well, the appreciations really not that great if you look historically, they’re talking about it, like full market value with no leverage. You guys are always Why are you not talking about the leverage? It always bothers me to no end. Those financial planners, I read these articles in the Huffington Post or whatever the financial planners are like that, like, you know, Joe and, and and are 65 years old, they have a million dollars in assets. And you know, they should sell all their real estate and put it into a mutual fund. retirement. I always scratch my head. I’m like, Who’s calling out these columnists here? Like, it’s basically they’re saying, and so many of those articles, it’s like, the only good thing you’ve done is you have all this real estate but now because it’s grown in so much value, it’s actually your over overweighted in your real estate, so sell it all. Yeah, you know, you’re like what are you guys The only good thing they did was the real estate don’t freakin sell the real estate. Yeah, so yeah, we’re totally on the same page are they freaks me out to no end and in a lot of people like their best investment is real estate right there their own home. But a lot of it, it’s their only investment right? And I just I don’t understand why like, why another one, just one I tell everyone, just buy one just like everyone’s barks back at me who doesn’t is like oh, I don’t want to deal with the leaky toilets and stuff. I’m like, well, then you’re never allowed to complain to me about your financial situation. Because if you’re not willing to do anything to kind of get ahead, and you know that there’s a path, then you’re not allowed to complain to me. Forget it, for sure. Next. So yeah, we’re totally on the same but I just going back to those articles that you read when the financial planner steps in there. Those ones like I literally I’ve read those like I’m 46. Now I feel like I’ve been reading those for at least 20 years. And I guess at first I was like, Oh, this is kind of interesting. Let’s see the plan they come up with and then I guess for the last 15 years, I think Kind of finally started catching on. I’m like, Wait a second. This advice is really weird. Like they’re miserable. The whole point is like, missing and now I read them and I actually they kind of anger me. But I just like, I’m not reading this stuff anymore. But then I still I it’s like a tabloid magazine. Oh, yeah, something, I’ll see one following. I’m like, Okay, what are they going to do now? Because the title is like, you know, a 56 year old couple fairly good future but overweighted on their income properties or something. I’m like, what are they gonna say now and I find myself like drawing it and it’s always You’re right. It’s always you know, there really should like sell one or two of their income properties, pay down their mortgage on you know, the outstanding property and then invest the difference in a good dividend yielding stock. And I’m like,

exactly that.

Yeah, that’s always the last pair. Yeah,

yeah. Oh, my God. But okay, so you went down the same path you were to

go ahead. That’s another important thing that, you know, maybe a lot of people listening to this is like, I wanted to take control my family. financial future, right? Because a lot of people just outsource it to a financial planner or whatever. I’m like, I’m not doing that, like I want to be in control of it. Right? It’s It’s so important when you’re anal enough, just like us.

Yeah, we get along really well, we Nick talks about this all the time, we always and it’s kind of what drove us away from investing in stocks somewhat because during my tech career, I was into stocks, and I was getting options and stuff like that. But I just felt with real estate, I could have full control. Because with the stock market, I was always feeling like I was the last to know what was going on, like a stock would change. And I’m like, why is this stock going down and I never understood but with real estate, I feel it’s such an inefficient market, that there’s actually an arbitrage opportunity there for me because it’s so inefficient. So for example, in Shelburne, or in St. Catherine’s, the data for all these lots isn’t easily accessible by like algorithms from Wall Street to like, figure out like, Oh my gosh, there’s an opportunity in shelbourne because we found a lot that is like, you know, this double wide and we can cut it It really takes still someone like yourself to go through insider knowledge insight or knowledge and and and so it doesn’t take that much work to go get some of that knowledge and then once we have it, we can also have an information advantage in that we can know the community, or if we don’t know it, we can learn about it, we can know what rents are going on in the area, and we just understand everything about it. So then we’re making these decisions about these properties. It’s not that risky, because I know all the information and when I boil it all down sometimes Nick and I are obsessed not sometimes I’m always obsessed about interest rates. But when I boil it all down, I came to realize that really the only thing I have no control over or whatever the Bank of Canada is going to deal with these freakin interest rates. Almost everything else the penalties on my mortgage, I can understand you know the the rent, I can get a good feel on the rent the expenses, I can get a good feel for like whatever I’m going to pay on these properties with Hydro and water and that kind of stuff. Almost everything’s going to be some variables with tenants. You know, there might be a curveball here, there are some vacancies here and there so that I can’t fully have an information advantage on but I can kind plan for it. And the only thing really left is like interest rates. Other than that, everything else I can kind of stay on top of this. And I felt when I understood that about real estate, that he just the advantage of real estate became so great. I drifted away from the stock market entirely. And Nick and I really have not gone back. I still think he has some pension stuff from his old government job. I have a little bit in mining companies that I’ve had for like ever that I just refused to sell. I think I’m, I think I’m like negative 40% on that. But I’m just like, it’s not that much money. But I’m like, just out of principle. I’m not selling those bricks. But that’s it. I don’t I’m not in the stock market all and I think some people when they meet us, they’re like, Well tell us really what you’re invested in. I’m like, No, you don’t understand, like, we build a business. You know, for us. It’s being an entrepreneur and building business. And we buy some precious metals. I don’t think there’s any secret in that if you’re new to us, we buy precious metals, and we like real estate and we buy real estate. And that’s it. There’s no rocket science here and it’s been a great life so far with With this journey,

the control with real estate is that’s why I’m I’m into it right? Or that epiphany happened for me a couple years ago, I was like, Oh my god, like, I’ve got control over this investment, which I didn’t have overstocks right? Like, who, like Warren Buffett maybe can call up these companies that hey, like, you should change something over here.

Even his analysts I know someone into stocks is just going to take us to task for this, but it’s just our opinion. But even Warren Buffett, he’s buying, he buys controlling interests of companies and controls their, their balance sheet, he controls their incomes, that he’s buying the cash flow, he’s just like you and I, he’s just doing it at the business level. So he’s buying controlling interest of companies and controlling it with likely an information advantage of the industry that he’s in. And so he’s not like buying, you know, a tiny percentage of shares and just hoping they go up. He’s He’s operating at a different information level. Right.

And yeah, the information advantage, you kind of, I don’t want to beat it to death but that

that’s a real be real pretty Man you preach but yeah, yeah, no, you’re right. You’re right for

sure. And like insider trading is illegal. But in stock market in real estate it’s kind of encouraged right if if Joe had never really thought about it that way, but I guess you’re right if you can get in if you can get like Joe selling down on the corner and you know about it, you can go offer, you know, buy from him. Yeah, that’s insider trading, or you know, something right

here, right, you can approach them saying, hey, before you list this property, I’ll make an offer right here, right?

Or, you know, really, that’s why a lot of people get it to become a real estate agent is like to get first dibs. I think they know.

That’s exactly that’s the only reason they can I have our licenses. That’s the only reason you’re sitting in this brokerage where you’re sitting right now. Yeah, it was that thought I was it. It was like, yeah, wait a second. Why don’t we just get our real estate like,

yeah, it’s like, oh, you’re gonna list it? Maybe I’ll just buy it. Yeah.

Cool. So where do you think you said, you know, you said you you have this you’re closing in January, this one in January, you’re gonna is this another? This is another server situation?

Yeah, another server situation. But it’s interesting. Yeah. So I’ve got a different partner on this one. They’ve done a lot of this stuff. And we’re going to do something interesting actually, what we want to do something interesting is still trying to figure out and I’m, you know, personally doing some research on it, which I’ll ramp up real soon now, but on co housing for seniors. So this is like, let’s say an on trend topic, like a, like a buzz topic, there’s an aging population. And there’s a lot of seniors now in there, they’re lonely a lot of single seniors even even though with a couple of like a partner, there’s a lot of lonely seniors in their, you know, existing house that they’ve been there for so many years, right, and they’re looking for some companionship, maybe a bit of a, you know, social safety net, right? If they have it’s basically the the period of time before assisted living, right. I don’t want to put an age on it because people are different, but like, but you know, the time leading up to assisted living, there’s a lot of single seniors there that are looking for something else that’s not currently being provided, right. So we’re looking into selling a lot and Making basically a four unit single family home. Okay, so it’d be ideally, we’ll see what we get can get approved for but ideally something like, you know, three to 400 square foot units with kitchenettes in them, and then kind of a living area common living area, right. It’s

like not a student rental. It’s like a senior rental kind of Yeah, same kind of thing. Yeah,

yeah. And so, yeah, because I mean, once you get to that stage, maybe you don’t want to move into the five or $6,000 a month, you know, retirement home, right. And there’s just there’s not

that many of you do. So I’m interested Are you because I feel like you don’t have to do a new concept. It’s not a new concept. But this fairly sounds like could be fairly new concept that you’re doing. Do you have to do that to profit on this property? Couldn’t you just stay the true method of just, I don’t know, single family rental duplex it out you know, do something like that for Are you just trying a proof of concept here to see if this works?

Yeah, we like we’ve talked about it and yeah, I mean, I’m big on, ideally, I could have a net benefit to society, if I’m going to be in business. You know, I want to make profit, I want to keep doing what I’m doing. But if I can somehow have a net benefit to society, I want to do that. Right. And so that’s one of the reasons why I focused on building more units, I guess, you know, there’s a unit gap in Ontario, there’s about 50,000 unit demand 40,000 unit build, there’s a

gap here. We have a flat out crisis going on. Yeah,

there’s a housing crisis. Right. So that’s why I kind of have chosen one of the reasons again, I’ve, you know, to build more units, right, and so this seniors thing kind of fits in with that, like, there’s a net benefit to society to provide this form of housing. Right. And I think we can make a profit on it as well. So it’s, um, yeah, I think it’s, I think it’s gonna be interesting. And and, and like, why not try it because we need to, the goal would be to pre sell it to a group of four and then build it right. So there’s Reducing the Risk, right? And then if we can’t find four people and then we can just do a regular house right there’s there’s really no risk.

Yeah. Cool. So okay to pre sell it up front. That’s the goal. Cool. Yeah. I love the idea and just talking that way, who the heck are you? 29 years old changing the world like this. I mean, jeez, that’s awesome. And so cool to hear for real. I mean, that is really cool. And then how are you managing all this with your career right now that you got a lot of airplay? I mean, you’re young. You don’t have your boat to get married next year yet? Right. Shelby? Yeah, that’s awesome. And congrats on that smart, smart move on the shoto right there. I was in Italy was it was Italy was it this year or both? I saw last summer it was last summer for different older Italian guys. I didn’t even know they get to talking to us. Is this your wife and kids? Yeah. And they would pull me aside like, I don’t know, five to 10 minutes late. I know if I was making mistakes and they were trying to correct my marriage or something. But they’re like, Hey, hey, man, happy wife happy life, you know, for different a time and on the same trip. I kept telling Kara like, Hey, man, I keep getting old happy wife. happy life. Here. You And so yeah,

I guess it on like, they’re probably looking at me like what’s this guy doing? And I really I’ve been married 20 years so I’m like I don’t know I think I got things have figured out at least four different guy and then we kind of laugh and just chuckle it was

it was really crazy. But by you giving the shout out you’re right on the happy wife happy life strategy man. So good for you. So that’s cool man really pumped for you. That’s, that’s exciting times right now.

Yeah, it’s very exciting. Yeah. And and yeah, the planning will ramp up. Yeah, yeah. So it’s busy. Like it’s super busy. Yeah, I don’t have kids though. Right. Yeah. So I’m trying to get a lot of this stuff done kind of get the momentum going on this sort of, you know, side business. Because we do want to have kids like in a couple years, and I think that’s going to be really tough, too, because I I probably do 15 to 20 hours a week on this. And I have, you know, engineer 40 hours a week full time

job. So you’re doing so And weekends, you’re working on this kind of

Yeah. And you know, I went to karaoke last weekend. Yeah, like, I’m still trying to have a social life too. So yeah, it’s busy, but it’s fun. You know.

You brought the Prosecco bottle in here that exploded on I was just finished telling Mr. Spencer brown here. I’m like, hey, look at the brand new tables that we have here. I don’t want I don’t want anything you know, happening to these tables. I’m really loving. I was like, I was just like, rubbing the table here. Like look at this new black walnut table here. What’s the guy’s name? We gotta say? Sorry. Sorry. Yeah. rustic designed by Rich. Yeah, yeah, I’m gonna I’m gonna send him a little text right now. Hey, rich. Yeah, you know how you told me to take care of these tables and be really good with them. Spencer came in here in through Prosecco right over the table right on the carpet right down the hallway all the way to the kitchen. That was me actually running the bottle into the kitchen right before this podcast. But no, it’s a that was a perfect way to kick off the first podcast when we kick it off in stock

rise. Yeah.

Don’t be surprised the cork Like it almost took off my head. But for the record, I did not mean to do that. No, no, no, no. But even if you did, it would be totally fine.

So what else did you Is there anything else? I think I you’ve done a great job kind of outlining that process for us. And I think if you’re listening to this, this is just another example of someone just, you know, we talked about living life on your terms, and I love to hear what you’re doing. Because to me, you’re, you’re you’re you’re living your life on your own terms, man, like, this is what I’m going to do. You know, I got my, my, my civil engine, I’m a civil engineer. I have my career. I’m doing this on the side like this. And you’re choosing to do it. I absolutely love it. You To me, you’re owning your life. You’re not like letting life happen to you. You’re taking responsibility and you’re plowing forward, and it’s hard. Like I can’t imagine the financing problems that you’ve had. I know the bank who said that they weren’t going to get you know, they’re gonna, I’m sure when you heard the first bank was going to like pull the mortgage because you’re selling a lot. Like that’s not a happy day. So I understand all the pain that you’ve been through. So it’s a lot of sleepless nights, for sure. And I’m sure yeah, I get it man. And You’re probably explaining to your girlfriend or now fiance like, Hey, here’s what we’re doing and this kind of stuff and I remember I remember telling Kara there’s one property Nick and I bought student rental in Hamilton and the we bought this thing shag rugs from the 70s. Right and we bought this I guess it was I think it was 99 or 2000 right around there. shag rugs, we go in the basement washroom, there’s an old tub. I don’t know, I can’t even tell you how old this tub is. And I guess a shower head that he was had a clothes hanger wire tied around it tied to the eight track above it. And that was the showerhead it was being held up by this, you know, little piece of wire and then next to the bathtub was a dehumidifier. And the electrical cord was running up the shaft like right where the showerhead was, and then right around kind of to an electrical plug on the other side. And I’m like, Oh my gosh, what did we even by Nick, You tricked me into buying the worst property. And I remember my wife want to see the property. I’m like, No, we can’t let you in right now. And we got it that thing and you know, it’s You think you know what you’re doing and you dive in and you have those sleepless nights, but that’s kind of what it takes to get the knowledge and the experience it’s, it’s, it’s all valuable, right? And the stuff when you had that mortgage being pulled on you like not pulled but when they said they wouldn’t do what you wanted to do to deal with that the next time that happens to you, it phases you less, you know, you’re on to like three other solutions instead of focusing on the problem, right? Because you’ve been through that already. You’ve kind of stepped up from that level of problem,

right? For sure. Yeah, yeah, yeah, for sure. It’s been difficult but yeah, I’ve heard this right of people we don’t building their business they think this guy was one or the first property you know, shitting my pants. Like it was scary. Right? And all the worst things come into your to your mind. And but yeah, you just gotta keep moving forward. And I like this quote, like use fear as a compass. So I try to think about that when I’m like shitting my pants over something like oh, like this is probably good. Like I was growing we know you know, we it’s it’s so cool because you know, I don’t think I know that one. But fear is a compass meaning that you go in the direction of fear. Correct. That’s cool. Because something we always have lived by is that if both of us have to deal with a problem, and we both don’t want to, we know we have to. Does that make sense? Yeah, it’s like if that as a company, yeah, it’s so it’s the same principle. Exactly. I’ve just never described it like that. It’s like, oh, god like, Nick, do you want to do this? No. Do you want to do it? No, no.

Okay. One of us will say, Okay, I got it. Because that means we have to do this. Yeah, you know. And it’s funny once you do it and handle a big problem, or what a time you thought was big. It just kind of melts away and you move on. Another strategy we’ve used in dealing with problems. I don’t know if this could ever be helpful, or maybe give some context has been really useful to both of us is that when we get absorbed into some problems for multiple days, sometimes it’s because the action that we need to take to correct it isn’t something that can be accomplished in 24 hours, like maybe we’re waiting on a response for from a bank, for example, or from somebody and the right thing to do is really just to wait, but you get sucked into mentally obsessing over the problem. What what we’ve done, the time us is we’ve just found better problems to focus on. So if I wake up two or three days in a row of focusing on some problem that I really can’t control myself, for whatever reasons, I tell myself, I need to find other problems. And I’ll go and try and find bigger, better problems to work on. And magically that whatever problem I was concerned about either solves itself, or just kind of, you know, completely disappears. So something I’ve always kind of lived by for the last 10 years is that if I’m bothered by a problem, and you know, I can’t kind of fix it right away. I’m looking for a bigger problem to tackle. And it’s been a, I don’t know, I don’t know if I’m explaining this clearly enough, but it’s been a really good way for us to, to mentally kind of survive through dealing with shit.

Yeah, that. Yeah, sometimes I get in a cycle where I’m just

obsessed. Yes.

And not in a good way. Right, totally. And so when I finally realized that I’m doing that, because sometimes it takes some time to be like, Oh, this is not good. Yeah. I gotta write it down, right I write down all my problems and then I go to I try to go to sleep and just let the subconscious try to figure it out and I don’t know it seems to work so

good on you man you’re wise by and beyond your years and read a lot you’ve done a lot of stuff writing down your problems is like the best thing because sometimes if I’ll be complaining about the problems I’m dealing with or what I have too much on my plate when I write it down it almost like it just extracts it out of my brain and my brains free to think and when you look at on paper, you realize sometimes Oh my god, it’s really not that much me just because my brain can only hold four or five things at a time when I write it down on paper this is like nothing right? So yeah, awesome and good for you. So look, as you go along this journey I’m so I feel so fortunate that we’ve crossed paths and stuff.

It’s very nice. Likewise,

yeah. So and for you to share this mastery and from a lot of people will do things that you’re doing, they’re not going to share what you know, they’ve been through and stuff. I’m sure someone listening to this is going to have be very thankful that you did this.

Well. I hope so actually, I kind of gotten that cycle when I first Did this and I got I’m learning a lot. I haven’t figured it out completely. But like, I thought I was like, Oh my god, I know something. Yeah. Like this little piece of secret. Oh, this is so nice. And it is niche. But I was like, Oh, I, I can’t tell anybody this I’m going to keep all these properties for myself, you know, but I, I got out of that thinking and there’s a lot of, you know, as you know, like, there’s a lot of information out there, like share stuff, right and, and stuff will come back to you. And, and that’s, that’s where I’m at right now. Because I’ve started telling people what I’m doing in the last, you know, couple years, I would say. And I’ve met so many great people that are doing similar things or different things and you just your life, become area, your business and your life becomes enriched by sharing what you’re doing, rather than hoarding the secrets. Totally. Yeah. So

and So having said that you mentioned you’re going to share more on your website, right, some of the I think it was some of the setback. And so if you’re listening to this, we’ll put a link to your website or you’re about to share it again, but we’ll put a link to it as well. Well at Rockstar inner circle calm forward slash podcast if you find Spencer Browns episode there will have his URL link there too. So Rockstar inner circle comm slash podcast will take you right to our podcast page and you can find the show notes there.

But yeah, what is the URL? It’s go brown properties com so G O B r OWNBR. Sorry PROPT is go brown properties go about growth.

I don’t know if it’s the Prosecco go brown properties.com. That’s go brown properties calm and on there. You’re going to have that information. What Yeah, like

eight steps to a severance set back information. Just a quick sort of outline of what needs to happen if you’re looking to do this.

Very cool. And I’m sure there’s some contact information on there. Yeah,

yeah. And I got a newsletter as well. I’ll give some thoughts about things that I’m thinking about. Yeah, very cool in real estate. Very cool. I think you were sending your newsletter to me for I think I comment on like, who’s this guy saying I couldn’t ended

up so then finally getting to know you better and stuff. It all makes more sense now. So thank you for, I think, I guess your email to because I just joined

or whatever but

yeah, like there’s a lot of people do that. So I get a lot of weird stuff to me. And so sometimes I don’t know what to make of it. I’m like, I don’t

know this person. So

I know it’s great that you started sending. It’s a great email and thank you for doing that. So anything else you wanted to share?

I don’t think so. I think we, we got through a bunch of

stuff. You are an engineer, you came with bullet notes on typed out here for you to cover. That is the engineer and you showing their face. That’s very, that’s very good. I know. I’m dealing with an engineer when someone walks in with paperwork like that. But so yeah, Spencer, thank you really, I mean, great that you’re sharing this. Thank you for kicking off the first podcast here. And then you office. Thank you for having the Prosecco kind of go everywhere. And, yeah, it’s really, really going to be fun over the next few years to see where your path takes. You were excited to see it ourselves. So thanks for doing this man. Appreciate it. Awesome. Thanks everyone, it’s Tom grads so hopefully you enjoyed that talk with Spencer brown totally blown away good guy what I mean like young guy doing all this kind of stuff totally impressed. So and it’s part of the reason that we love doing this podcast so much. I just come across different investors, different rock star members doing this kind of thing really, really cool. So feel fortunate to be able to share that kind of stuff and just fun time sitting down together. I still am going to have to talk to him about the Prosecco spilling all over my table on podcast episode. But good guy, good guy. And that’s it. If you’re listening to this and you want some real estate information, go to Rockstarinnercircle.com. That’s it for this episode. Until next time, your life your terms.