Creating an Infinite Income Through Real Estate With Blake Choisnet

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[casey_]: hey there and welcome to today's episode
of cash flow pro your daily real estate

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[casey_]: investing podcast and you tube channel i'm
here today with blake swan of the routed

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[casey_]: line and company and we're going to
talk about private money we're going to talk

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[casey_]: about land we're going to talk about
everything that this man is apparently a master

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[casey_]: at so blake why don't you take
it over and tell us what and who

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[casey_]: you are and what you do

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[blake_choisnet]: yeah so i'm a real estate investor
and

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[casey_]: a

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[blake_choisnet]: based in texas small town in east
texas called tyler texas

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[casey_]: m

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[blake_choisnet]: and i started investing when i lived
in a bigger city i was a shaler

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[blake_choisnet]: just looking to put down some roots
got my first property and house hacked that

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[blake_choisnet]: had somebody's paying for that and that's
when i kind of coughed the bug and

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[blake_choisnet]: started thinking man this is pretty s
pretty cool somebody else paying for my properties

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[casey_]: yep

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[blake_choisnet]: but i couldn't really scale in a
big big city so i started looking at

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[blake_choisnet]: remote investing and so i i really
kind of sharpened my teeth on remote bur

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[blake_choisnet]: investing and so i invested market about
four and a half hours away from austin

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[blake_choisnet]: and started doing burs and in eighteen
months had a multi million dollar portfolio self

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[blake_choisnet]: made millionaire in five years and

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[casey_]: wow

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[blake_choisnet]: just kind of scaling from there so
you know left the w to world and

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[blake_choisnet]: now i spend a lot of time
growing my portfolio teach other people how to

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[blake_choisnet]: do it hang out with my wife
and my baby boy and he's about three

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[blake_choisnet]: months old so we're getting some some

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[casey_]: yes

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[blake_choisnet]: awesome morning snuggles right about now

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[casey_]: yeah man that's that's what it's and
you know and there are so many people

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[casey_]: that miss out on that stuff because
they're chasing they're chasing the non recharging dollar

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[casey_]: if that makes sense

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[blake_choisnet]: right

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[casey_]: and so man the fact that you
can figure out the power of cash flow

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[casey_]: and get all of that stuff i'm
sorry as pulling up your website here i

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[casey_]: just wanted to oh i love those
hey rolls man that that's my kind of

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[casey_]: talk right there so

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[blake_choisnet]: h

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[casey_]: um now we you know the people
the fact that people go through and some

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[casey_]: people go through their whole life and
never realize

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[blake_choisnet]: yeah

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[casey_]: that that that money can can essentially
become the never ending charged battery if if

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[casey_]: you will the infinite income is what
some people

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[blake_choisnet]: hm

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[casey_]: call it so anyway but yeah that's
that's great and ended again spending time with

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[casey_]: your kids and family and raising and
raising your children and and really your health

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[casey_]: and everything else out of benefit too
so um well how did you get started

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[blake_choisnet]: what

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[casey_]: i mean obviously you just gave us
the synopsis but but you know what you

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[casey_]: house hacked the first deal where was
that at what was that

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[blake_choisnet]: m i was in austin texas i
bought it for two fifty um i put

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[blake_choisnet]: five per cent down and then it
was a four bed two bath so i

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[blake_choisnet]: rented it out to three of my
buddies at six hundred bucks a month my

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[blake_choisnet]: mortgage was seventeen forty seven and so
i about you know i covered it was

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[blake_choisnet]: a little probably a little bit in
the negative just from it pence and stuff

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[blake_choisnet]: like that

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[casey_]: sure

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[blake_choisnet]: but i was also living in it
got to write literally everything off

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[casey_]: yep

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[blake_choisnet]: i went from paying money in taxes
to get in a big fat check at

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[blake_choisnet]: the end of the year and so
i did that had my buddies lived there

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[blake_choisnet]: and and then i did that again
with another house about a year and a

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[blake_choisnet]: half later and that's when i started
you know was talking to a buddy of

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[blake_choisnet]: mine who he was also my agent
became a really good friend and we were

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[blake_choisnet]: kind of brain storming thinking wealth just

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[casey_]: m

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[blake_choisnet]: got

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[casey_]: yeah

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[blake_choisnet]: my house hacked one house every every
year fifteen years put them all on a

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[blake_choisnet]: fifteen year note in fifteen years i'd
be free i just do

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[casey_]: yep

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[blake_choisnet]: a cash out re finance once a
year i walk away with you know eighty

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[blake_choisnet]: percent of you know whatever that is
three hundred grand and for the life of

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[blake_choisnet]: me i was like i don't know
what i would do with that money like

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[blake_choisnet]: that's that's just a stupid amount money
and so i said okay my fifteen years

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[blake_choisnet]: is my the longest that is going
to take me to do this maybe i

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[casey_]: eh

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[blake_choisnet]: can push this thing up a little
bit and so i started looking at remote

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[blake_choisnet]: markets actually bought a property wake with
a good friend of mine who you know

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[blake_choisnet]: grew up in poverty and was just
looking to try and get into a house

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[blake_choisnet]: so that she could take care of
some some essentially women getting out of really

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[blake_choisnet]: hard relationships

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[casey_]: sure

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[blake_choisnet]: and provide home for them so i
fronted the down pay and she lived in

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[blake_choisnet]: it and what not and then with
the goal of a few years later re

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[blake_choisnet]: financing out her being able to own
it and so we just we just exited

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[blake_choisnet]: that probably about a year ago and
she owns that out right but then at

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[blake_choisnet]: that point i started looking like how
do i do this remotely so i started

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[blake_choisnet]: out doing the kind of the d
i y method the school hard knocks i

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[blake_choisnet]: saved up ten grand of stupid money
just the tuition i knew i was going

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[blake_choisnet]: to pay

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[casey_]: yeah

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[blake_choisnet]: my first my first contractor and it
was worth it to me you know like

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[blake_choisnet]: it was it was worth what i
knew i was going to end up getting

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[blake_choisnet]: and learning and so my first contractor
walked off with twelve grand no i didn't

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[blake_choisnet]: know how to manage contractors remotely i
didn't know wat i was doing but i

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[blake_choisnet]: ended up learned the process learned from
somebody else they taught me and then just

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[blake_choisnet]: kind of scaled from there i got
access to some private money someone who lent

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[blake_choisnet]: me a hundred thousand dollars ten percent
ten and one and really just started kind

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[blake_choisnet]: of recycling that money and then around
you know a few years later you know

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[blake_choisnet]: this you know recently got a year
or two ago austin's market just went bankers

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[blake_choisnet]: and

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[casey_]: yes

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[blake_choisnet]: so i sold my house we listed
it at i bought it for two fifty

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[blake_choisnet]: i owned about two hundred at the
time um we listed it nine nine and

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[blake_choisnet]: close to four ninety seven and then
i took that money and just put it

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[blake_choisnet]: all into turnkeys twenty percent down

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[casey_]: sure

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[blake_choisnet]: twenty percent down lot of seven

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[casey_]: right

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[blake_choisnet]: plugs a couple dry places a couple
single families

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[casey_]: sure

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[blake_choisnet]: and continue to do that did that
with the other house and thirty one to

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[blake_choisnet]: that one into a bunch of other
properties yeah so that's that's kind of what

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[blake_choisnet]: what it's looked like i met my
wife about half way through this journey and

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[blake_choisnet]: so we started kind of planning what
do we want life to look like and

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[blake_choisnet]: what not

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[casey_]: sure

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[blake_choisnet]: and so so now we've settled down
out here it's actually been a really cool

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[blake_choisnet]: deal because part of our goal was
we want to be able to be active

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[blake_choisnet]: in our community and kind of a
presence for a community so theoretically we were

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[blake_choisnet]: thinking back then we could say well
what does our community need how can we

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[blake_choisnet]: help if we're the right people to
actually do it great most of the time

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[blake_choisnet]: we're not at least we get the
right people in the room

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[casey_]: yep

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[blake_choisnet]: but then we got out here and
my wife's life dream was to open our

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[blake_choisnet]: own ballet studio for little and so
little ages like you know youngsters single digit

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[blake_choisnet]: us two to tan basically

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[casey_]: sure sure

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[blake_choisnet]: and so went you know we have
the passive income so we didn't have to

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[blake_choisnet]: rely on it as an income source
if it lost money that that's fine and

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[blake_choisnet]: so we we started this ballet studio
and it's for girls ages to to tend

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[blake_choisnet]: and it's a four profit business with
a non profit motive so the girls that

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[blake_choisnet]: can afford it they pay full market
market right and the girls that can't we

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[blake_choisnet]: scholarship in with the proceeds from the
girls that can and it's been really cool

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[blake_choisnet]: boutique we've got the studio on our
property we have a detached garage we live

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[blake_choisnet]: in a historic district so we converted
that into the dance studio and and it's

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[blake_choisnet]: been cool in fact we'll have e'll
have i don't know thirty ballarinas here and

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[blake_choisnet]: later this afternoon but it's a cool
way for us to help serve the community

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[blake_choisnet]: and in a really unique way that
matches particularly my wife's giftings

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[casey_]: sure yeah that's awesome an and then
like you said a way to give back

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[casey_]: and make things where you know

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[blake_choisnet]: m

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[casey_]: leave more than we take i guess
and that seems to be kind of the

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[casey_]: going adage right now with everybody is
trying to seems like a lot of people

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[casey_]: are trying to give back especially through
from our business business models

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[blake_choisnet]: yeah

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[casey_]: has been so good to most of
us that that hey given back a little

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[casey_]: bit is the least we could do
so

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[blake_choisnet]: yeah

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[casey_]: so when you talk about your investments
right now what what's your major asset class

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[casey_]: like what's the first asset class that
you

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[blake_choisnet]: oh

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[casey_]: are most interested

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[blake_choisnet]: the

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[casey_]: in

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[blake_choisnet]: bulk of my portfolio is single family
and then i have some

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[casey_]: yes

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[blake_choisnet]: small medium multi family

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[casey_]: okay how

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[blake_choisnet]: and

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[casey_]: big

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[blake_choisnet]: i'm kind

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[casey_]: is

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[blake_choisnet]: of

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[casey_]: the biggest

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[blake_choisnet]: i'm scaling into the medium multi family
looking at like twenty to forty units at

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[blake_choisnet]: a time

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[casey_]: okay

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[blake_choisnet]: but my approach was i said well
i could go straight into a large multi

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[blake_choisnet]: family the risk exposure is a lot
higher the reward is a lot higher too

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[casey_]: try

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[blake_choisnet]: i i you know i'm a more
conservative person and grew up in a you

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[blake_choisnet]: know my dad's a dave ramsey guy
you know or at least at the time

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[blake_choisnet]: was the drams guy like no debt
none of that and so i was hesitant

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[blake_choisnet]: to take on too much

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[casey_]: yep

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[blake_choisnet]: because of the risk exposure you know
if i do a job ten percent wrong

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[blake_choisnet]: on a ten and dollar you know
asset as a posed percent wrong on a

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[blake_choisnet]: hundred thousand dollar property you know like

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[casey_]: yeah

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[blake_choisnet]: one is going to bankrupt me the
other one is just a gut punch you

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[blake_choisnet]: know so

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[casey_]: at's right that's right

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[blake_choisnet]: so i started there and kind of
scaled from there but i love single family

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[blake_choisnet]: because they're so liquid like i needed
to get rid of one for some reason

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[blake_choisnet]: i say we had some medical expense
or whatever i just liquidated i can sell

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[blake_choisnet]: it in sixty days

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[casey_]: you're

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[blake_choisnet]: right

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[casey_]: basically

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[blake_choisnet]: but if i want to sell

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[casey_]: sixty always sixty days away from your
money

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[blake_choisnet]: yeah yeah yeah so i love the
liquidity but there's a there's some natural overhead

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[blake_choisnet]: that one close one unit as opposed
to you know right now i'm closed on

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[blake_choisnet]: an aplexthat i'm going to bur um
there's some some efficiencies there but yeah that's

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[blake_choisnet]: that's the breakdown it's a i don't
know sixty percent of the portfolio single family

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[blake_choisnet]: of the rest is you know anywhere
from three

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[casey_]: any

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[blake_choisnet]: to

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[casey_]: short

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[blake_choisnet]: ten

201
00:09:19,167 --> 00:09:19,369
[casey_]: term

202
00:09:19,350 --> 00:09:19,511
[blake_choisnet]: nuts

203
00:09:19,470 --> 00:09:20,094
[casey_]: rendal stuff

204
00:09:21,245 --> 00:09:23,151
[blake_choisnet]: long term ronalds primarily i've looked

205
00:09:23,040 --> 00:09:23,142
[casey_]: got

206
00:09:23,211 --> 00:09:29,016
[blake_choisnet]: at getting into short term runnels my
approach is start with something that is a

207
00:09:29,116 --> 00:09:30,078
[blake_choisnet]: lot more predictable

208
00:09:30,560 --> 00:09:30,681
[casey_]: yep

209
00:09:30,659 --> 00:09:34,605
[blake_choisnet]: maybe it's there's less opportunity as far
as cash flow goes but is a lot

210
00:09:34,645 --> 00:09:38,993
[blake_choisnet]: more predictable um and then the other
piece is i want to spend a very

211
00:09:39,133 --> 00:09:40,964
[blake_choisnet]: small out of my time on it
so

212
00:09:40,951 --> 00:09:41,115
[casey_]: yes

213
00:09:41,044 --> 00:09:44,976
[blake_choisnet]: with my portfolio with the things that
are already set up i spend probably about

214
00:09:45,016 --> 00:09:45,941
[blake_choisnet]: thirty minutes a month on it

215
00:09:46,661 --> 00:09:46,743
[casey_]: so

216
00:09:46,774 --> 00:09:49,039
[blake_choisnet]: if i'm acquiring more stuff great

217
00:09:48,860 --> 00:09:49,800
[casey_]: yeah

218
00:09:49,220 --> 00:09:53,538
[blake_choisnet]: but short term reynolds i would have
to put a lot more time and effort

219
00:09:53,638 --> 00:09:58,065
[blake_choisnet]: into it up front and call me
lays call me whatever like i don't really

220
00:09:58,105 --> 00:10:01,792
[blake_choisnet]: want to do it you know so
i would like we are probably going to

221
00:10:01,832 --> 00:10:05,688
[blake_choisnet]: use some short term mental strategy for
we're looking at by a lake as and

222
00:10:06,009 --> 00:10:08,517
[blake_choisnet]: a beach as and stuff like that
let the short term rental stuff kind of

223
00:10:09,119 --> 00:10:09,460
[blake_choisnet]: pay for

224
00:10:09,481 --> 00:10:09,641
[casey_]: well

225
00:10:09,540 --> 00:10:10,001
[blake_choisnet]: itself

226
00:10:09,661 --> 00:10:12,666
[casey_]: that's what that's what my wife and
i are doing right now we've got

227
00:10:12,644 --> 00:10:12,788
[blake_choisnet]: yeah

228
00:10:12,806 --> 00:10:15,330
[casey_]: we've got a we're building a like
house and

229
00:10:15,447 --> 00:10:15,467
[blake_choisnet]: m

230
00:10:15,571 --> 00:10:19,397
[casey_]: we're gonna we're going to short term
rental it you know ninety percent of the

231
00:10:19,457 --> 00:10:20,339
[casey_]: time and the

232
00:10:20,354 --> 00:10:20,498
[blake_choisnet]: yeah

233
00:10:20,379 --> 00:10:22,522
[casey_]: other temper in time we want to
take some friends on the ear if i

234
00:10:22,583 --> 00:10:23,584
[casey_]: want to entertain a client

235
00:10:23,524 --> 00:10:23,544
[blake_choisnet]: m

236
00:10:23,644 --> 00:10:27,290
[casey_]: or do something like that that sounds
weird entertaining client but

237
00:10:27,934 --> 00:10:28,096
[blake_choisnet]: yeah

238
00:10:28,252 --> 00:10:30,856
[casey_]: if i want to if i want
to take some idea or take you know

239
00:10:31,177 --> 00:10:34,283
[casey_]: show him around or whatever and let
him stay down or something like that so

240
00:10:34,343 --> 00:10:35,806
[casey_]: it's the same deal yeah but short

241
00:10:35,814 --> 00:10:35,974
[blake_choisnet]: yeah

242
00:10:35,866 --> 00:10:36,627
[casey_]: term run going to be

243
00:10:36,595 --> 00:10:36,695
[blake_choisnet]: yeah

244
00:10:36,708 --> 00:10:37,068
[casey_]: ultimately

245
00:10:36,755 --> 00:10:40,602
[blake_choisnet]: that's what we would be looking at
but doing it specifically like just for cash

246
00:10:40,662 --> 00:10:44,308
[blake_choisnet]: flow or just for income and stuff
like that we haven't got gotten into that

247
00:10:44,708 --> 00:10:44,789
[blake_choisnet]: and

248
00:10:44,920 --> 00:10:45,062
[casey_]: yeah

249
00:10:44,929 --> 00:10:50,117
[blake_choisnet]: i think that goes back to my
you know the natural conservatism that i that

250
00:10:50,158 --> 00:10:54,244
[blake_choisnet]: i feel and employ i'm always growing
and taking more risks and bigger risks and

251
00:10:54,345 --> 00:10:57,570
[blake_choisnet]: you know some things in my business
that i'm doing that i think are healthy

252
00:10:57,630 --> 00:11:00,135
[blake_choisnet]: for me to say that's scared i'm
going to do it so that it's a

253
00:11:00,155 --> 00:11:02,441
[blake_choisnet]: method of building courage so i can
teach my boy you know how

254
00:11:02,420 --> 00:11:02,582
[casey_]: that's

255
00:11:02,461 --> 00:11:02,942
[blake_choisnet]: to be brave

256
00:11:02,662 --> 00:11:02,843
[casey_]: right

257
00:11:03,764 --> 00:11:08,231
[blake_choisnet]: and things like that but so for
this you know i'm saying build a foundation

258
00:11:08,331 --> 00:11:11,677
[blake_choisnet]: and then you know if i want
to hop over a short term rentals or

259
00:11:11,737 --> 00:11:15,343
[blake_choisnet]: do something that's you know maybe even
you know buy into it i'm right now

260
00:11:15,403 --> 00:11:19,414
[blake_choisnet]: one of opportunities of looking at is
buying into an amazon fulfillment service i just

261
00:11:19,775 --> 00:11:22,419
[blake_choisnet]: pay money and i don't i don't
literally don't do i don't know but maybe

262
00:11:22,499 --> 00:11:24,422
[blake_choisnet]: thirty minutes or an hour of work
a month

263
00:11:25,000 --> 00:11:25,142
[casey_]: yep

264
00:11:25,424 --> 00:11:28,069
[blake_choisnet]: man the cash comes in and they
manage everything like i don't have to do

265
00:11:28,149 --> 00:11:28,189
[blake_choisnet]: it

266
00:11:28,840 --> 00:11:28,962
[casey_]: yep

267
00:11:29,271 --> 00:11:32,420
[blake_choisnet]: those are the types of things that
are most a trac to me but i

268
00:11:32,520 --> 00:11:37,036
[blake_choisnet]: do really like the idea of being
able to get somebody else to pay for

269
00:11:37,257 --> 00:11:41,505
[blake_choisnet]: and pay off my lake house or
my mountain house or whatever so that's kind

270
00:11:41,545 --> 00:11:43,770
[blake_choisnet]: of our our next step so you'll

271
00:11:43,712 --> 00:11:43,873
[casey_]: yeah

272
00:11:43,790 --> 00:11:44,932
[blake_choisnet]: have to let me know how you
goes

273
00:11:45,610 --> 00:11:51,099
[casey_]: yeah yeah yeah i definitely will it
seems like you know all of the neighboring

274
00:11:51,179 --> 00:11:56,348
[casey_]: properties that do that in our area
seems to be done really really well and

275
00:11:56,408 --> 00:12:03,660
[casey_]: i think one of the things that
really differentiate like good short term rental properties

276
00:12:03,820 --> 00:12:04,902
[casey_]: versus properties

277
00:12:04,804 --> 00:12:05,027
[blake_choisnet]: oh

278
00:12:04,922 --> 00:12:08,628
[casey_]: that are just kind of when it
comes to the income part of it is

279
00:12:08,709 --> 00:12:09,069
[casey_]: a water

280
00:12:08,950 --> 00:12:09,484
[blake_choisnet]: hm

281
00:12:09,109 --> 00:12:11,012
[casey_]: fee or a water feature it's like
it's

282
00:12:10,954 --> 00:12:11,116
[blake_choisnet]: yeah

283
00:12:11,052 --> 00:12:14,378
[casey_]: like i bet there's i bet there's
a sixty per cent difference in the income

284
00:12:14,538 --> 00:12:15,119
[casey_]: but there's also

285
00:12:15,275 --> 00:12:15,417
[blake_choisnet]: yeah

286
00:12:15,540 --> 00:12:18,224
[casey_]: a higher price for the for the
purchase and ours ours

287
00:12:18,227 --> 00:12:18,814
[blake_choisnet]: hm

288
00:12:18,285 --> 00:12:21,570
[casey_]: is like front like like you walk
at the end of our property and the

289
00:12:21,650 --> 00:12:22,351
[casey_]: lake is right

290
00:12:22,326 --> 00:12:22,427
[blake_choisnet]: you

291
00:12:22,391 --> 00:12:22,532
[casey_]: there

292
00:12:22,528 --> 00:12:23,293
[blake_choisnet]: fall in a

293
00:12:23,714 --> 00:12:23,814
[casey_]: so

294
00:12:24,079 --> 00:12:24,220
[blake_choisnet]: yeah

295
00:12:24,154 --> 00:12:28,502
[casey_]: that was now the lot was i
was i was actually called crazy by one

296
00:12:28,522 --> 00:12:29,984
[casey_]: of the neighbors for what i paid
for the lot

297
00:12:30,647 --> 00:12:31,234
[blake_choisnet]: hm

298
00:12:31,466 --> 00:12:34,492
[casey_]: but there was a lot of things
that went along it that really

299
00:12:34,490 --> 00:12:35,044
[blake_choisnet]: hm

300
00:12:34,552 --> 00:12:38,178
[casey_]: made it an enticing deal as far
as what we were going to do so

301
00:12:38,658 --> 00:12:40,802
[casey_]: so there's a lot of things what
you got to you've got to know some

302
00:12:40,822 --> 00:12:45,730
[casey_]: of those nuances and that's one of
the things about single family anything you have

303
00:12:45,750 --> 00:12:48,094
[casey_]: to know the nuances of the market
because you dont know the nuances

304
00:12:47,970 --> 00:12:48,484
[blake_choisnet]: hm

305
00:12:48,174 --> 00:12:50,799
[casey_]: of the market you can get burned
really quick but like you said if

306
00:12:50,754 --> 00:12:50,916
[blake_choisnet]: yeah

307
00:12:50,839 --> 00:12:53,864
[casey_]: you if you're ten percent of your
whole portfolio you're out a hundred thousand dollars

308
00:12:54,365 --> 00:12:59,754
[casey_]: stings hurts yeah but ultimate financial death
now um

309
00:12:59,454 --> 00:13:00,823
[blake_choisnet]: right yeah

310
00:13:00,114 --> 00:13:02,498
[casey_]: you know come back able you lose
a million two

311
00:13:02,420 --> 00:13:02,914
[blake_choisnet]: hm

312
00:13:02,558 --> 00:13:04,401
[casey_]: million of a

313
00:13:04,407 --> 00:13:04,711
[blake_choisnet]: trouble

314
00:13:04,441 --> 00:13:07,066
[casey_]: sudden you're asked is yeah you're you're
you're

315
00:13:07,134 --> 00:13:07,257
[blake_choisnet]: yeah

316
00:13:07,346 --> 00:13:13,075
[casey_]: you're searching for something more than really
wanted um so with that being said geographically

317
00:13:13,116 --> 00:13:14,898
[casey_]: speaking are you pretty much everything in
texas

318
00:13:15,924 --> 00:13:16,525
[blake_choisnet]: yeah i focused on

319
00:13:16,560 --> 00:13:16,786
[casey_]: yeah

320
00:13:16,625 --> 00:13:18,388
[blake_choisnet]: aboleen texas i've got

321
00:13:18,211 --> 00:13:18,494
[casey_]: okay

322
00:13:18,749 --> 00:13:22,695
[blake_choisnet]: a few year in tyler texas just
because when i moved here my wife bought

323
00:13:22,715 --> 00:13:28,064
[blake_choisnet]: this house i used a conventional loan
to house hack house until we moved into

324
00:13:28,104 --> 00:13:32,892
[blake_choisnet]: this one so we've got those two
and then our our lake house will be

325
00:13:32,952 --> 00:13:35,857
[blake_choisnet]: on a lake here about twenty five
minutes away reasonable

326
00:13:35,500 --> 00:13:35,662
[casey_]: sure

327
00:13:35,937 --> 00:13:41,246
[blake_choisnet]: price point nice lake it hasn't quite
hit you know the expand and of the

328
00:13:41,386 --> 00:13:45,153
[blake_choisnet]: dallas demand hasn't quite hit this point
yet we're about two hours east of dallas

329
00:13:45,750 --> 00:13:45,952
[casey_]: okay

330
00:13:45,934 --> 00:13:50,902
[blake_choisnet]: um but yeah everything else is in
tyler but my you know my my approach

331
00:13:51,083 --> 00:13:56,592
[blake_choisnet]: is i'm interested to hear what what
yours is but mine is focused on one

332
00:13:56,652 --> 00:14:00,899
[blake_choisnet]: market and create a team that's so
seamless that i can move really quickly

333
00:14:01,530 --> 00:14:01,653
[casey_]: yeah

334
00:14:01,600 --> 00:14:05,348
[blake_choisnet]: instead of trying and you get some
it was a scale right property management once

335
00:14:05,368 --> 00:14:08,195
[blake_choisnet]: you got multiple doors you dropped from
ten to nine al the way you know

336
00:14:08,396 --> 00:14:08,636
[blake_choisnet]: we're at

337
00:14:08,970 --> 00:14:09,233
[casey_]: yeah

338
00:14:08,977 --> 00:14:09,719
[blake_choisnet]: six i think right now

339
00:14:10,250 --> 00:14:10,613
[casey_]: per cent

340
00:14:10,501 --> 00:14:10,982
[blake_choisnet]: six percent

341
00:14:10,714 --> 00:14:11,731
[casey_]: yeah yep

342
00:14:11,834 --> 00:14:18,355
[blake_choisnet]: yeah so i like to streamline within
a single market instead of you know just

343
00:14:18,435 --> 00:14:23,383
[blake_choisnet]: finding good deals in disport markets like
one in huntsville one in cleveland you know

344
00:14:23,660 --> 00:14:30,401
[casey_]: yeah well the whole thing is and
a lot of people yeah so i'm gonna

345
00:14:30,581 --> 00:14:36,288
[casey_]: so where we where we live here
in a little town called hopkinsville kentucky um

346
00:14:37,049 --> 00:14:40,738
[casey_]: you can a house for like twenty
five grand right

347
00:14:40,860 --> 00:14:41,434
[blake_choisnet]: hm

348
00:14:41,490 --> 00:14:43,753
[casey_]: sounds wonderful sounds awesome like

349
00:14:44,034 --> 00:14:44,944
[blake_choisnet]: yeah

350
00:14:44,054 --> 00:14:46,178
[casey_]: who wouldn't want to buy a house
for twenty five grand you mean to tell

351
00:14:46,218 --> 00:14:49,743
[casey_]: me this house rents for five ninety
five and it's twenty five grand well the

352
00:14:49,804 --> 00:14:54,011
[casey_]: problem is and i had to work
through this myself when a younger in my

353
00:14:54,071 --> 00:15:00,682
[casey_]: younger days i was i'm ambitious now
i was far more ambitious than for work

354
00:15:01,223 --> 00:15:04,648
[casey_]: that was not really scalable i didn't
know

355
00:15:04,571 --> 00:15:05,104
[blake_choisnet]: hm

356
00:15:04,768 --> 00:15:10,995
[casey_]: better so you when you really start
looking at those things and you're like oh

357
00:15:11,055 --> 00:15:14,561
[casey_]: my gosh twenty five thousand as for
the house sounds great but you also have

358
00:15:15,623 --> 00:15:19,870
[casey_]: thirty percent thirty five percent overhead expenses
because it needs so many repairs or it

359
00:15:19,930 --> 00:15:23,474
[casey_]: needs this or it needs that or
it's built right on the ground and now

360
00:15:23,494 --> 00:15:27,618
[casey_]: you're dealing with floor rock and you're
dealing with some stuff that just doesn't really

361
00:15:28,800 --> 00:15:30,623
[casey_]: scale out the way you want it
and

362
00:15:30,717 --> 00:15:31,264
[blake_choisnet]: hm

363
00:15:30,723 --> 00:15:37,274
[casey_]: so you're exactly right you have for
but somebody comes here from chicago or somebody

364
00:15:37,314 --> 00:15:41,422
[casey_]: comes here from atlanta they think oh
my gosh twenty five grand for serious

365
00:15:41,241 --> 00:15:42,034
[blake_choisnet]: yeah

366
00:15:42,065 --> 00:15:47,196
[casey_]: and so you have to know what's
a good deal and what's not and in

367
00:15:47,356 --> 00:15:51,543
[casey_]: order to do that in my opinion
you have to know the market you have

368
00:15:51,583 --> 00:15:56,431
[casey_]: to know the market if know the
demographics you have to know dian incomes you

369
00:15:56,471 --> 00:16:01,079
[casey_]: have to know the stuff that's going
on there and then you have to actually

370
00:16:01,119 --> 00:16:02,842
[casey_]: get out and talk to the people
like

371
00:16:03,004 --> 00:16:04,054
[blake_choisnet]: my

372
00:16:03,242 --> 00:16:06,047
[casey_]: you know all of that stuff and
it's all that's all stuff by the book

373
00:16:06,147 --> 00:16:11,517
[casey_]: but exactly what you're saying you focus
in hyper focus on one area those deals

374
00:16:11,617 --> 00:16:15,945
[casey_]: will start happen no matter what you
do they'll start to come

375
00:16:15,697 --> 00:16:16,204
[blake_choisnet]: hm

376
00:16:16,345 --> 00:16:21,274
[casey_]: they'll start to happen then if you
can figure out a way to scale into

377
00:16:21,374 --> 00:16:26,106
[casey_]: multi family in that market now where's
your eight plexite is it an apbolin too

378
00:16:26,514 --> 00:16:27,901
[blake_choisnet]: yeah they're all in aveline

379
00:16:28,910 --> 00:16:29,171
[casey_]: what is

380
00:16:29,224 --> 00:16:29,430
[blake_choisnet]: oh

381
00:16:29,331 --> 00:16:32,938
[casey_]: what is what what if you don't
mind teniaywillyou tell us what the eightplex per

382
00:16:32,998 --> 00:16:34,292
[casey_]: door what the

383
00:16:34,214 --> 00:16:34,415
[blake_choisnet]: yes

384
00:16:34,352 --> 00:16:34,856
[casey_]: call was

385
00:16:35,219 --> 00:16:42,325
[blake_choisnet]: i'm buying it at two seventy five
seller financing with fifteen down three per cent

386
00:16:43,166 --> 00:16:48,495
[blake_choisnet]: which is awesome it needs to be
rehabed right so it's gonna cost just south

387
00:16:48,555 --> 00:16:52,642
[blake_choisnet]: of under grand to rehab is future
a r v will be around five forty

388
00:16:54,024 --> 00:16:58,396
[blake_choisnet]: it will rent for between eight and
eight fifty a door and so it should

389
00:16:58,496 --> 00:17:02,771
[blake_choisnet]: cash flow bottom line around between twenty
two and twenty four hundred bucks of months

390
00:17:04,250 --> 00:17:05,222
[casey_]: you don't need a partner to

391
00:17:06,294 --> 00:17:09,518
[blake_choisnet]: i don't not on this one i've

392
00:17:09,511 --> 00:17:09,531
[casey_]: i

393
00:17:09,558 --> 00:17:09,918
[blake_choisnet]: got a couple

394
00:17:09,853 --> 00:17:09,994
[casey_]: not

395
00:17:09,958 --> 00:17:10,059
[blake_choisnet]: i've

396
00:17:10,074 --> 00:17:10,235
[casey_]: good

397
00:17:10,099 --> 00:17:12,261
[blake_choisnet]: got a couple of other deals that
that might be attractive

398
00:17:12,240 --> 00:17:12,260
[casey_]: i

399
00:17:12,322 --> 00:17:12,422
[blake_choisnet]: for

400
00:17:12,360 --> 00:17:12,521
[casey_]: want

401
00:17:12,462 --> 00:17:12,822
[blake_choisnet]: partners

402
00:17:12,601 --> 00:17:12,761
[casey_]: that

403
00:17:12,842 --> 00:17:13,022
[blake_choisnet]: though

404
00:17:12,921 --> 00:17:14,224
[casey_]: one i want that one i don't
want

405
00:17:14,194 --> 00:17:14,556
[blake_choisnet]: oh

406
00:17:14,284 --> 00:17:15,666
[casey_]: those other ones i want that one

407
00:17:16,394 --> 00:17:18,838
[blake_choisnet]: now this one was brought to me
by my property manager

408
00:17:19,241 --> 00:17:19,423
[casey_]: sure

409
00:17:19,359 --> 00:17:24,748
[blake_choisnet]: she had you know of course any
conversation i finished with i'm usually asking you

410
00:17:24,788 --> 00:17:27,432
[blake_choisnet]: know do you know anybody has a
property and you know what can i do

411
00:17:27,492 --> 00:17:29,776
[blake_choisnet]: for you like how is there any
way that i can help you

412
00:17:30,281 --> 00:17:30,423
[casey_]: yeah

413
00:17:30,638 --> 00:17:31,159
[blake_choisnet]: and she said

414
00:17:31,071 --> 00:17:31,213
[casey_]: yeah

415
00:17:31,199 --> 00:17:34,725
[blake_choisnet]: well i got this other this other
property or this other property that i managed

416
00:17:35,326 --> 00:17:39,052
[blake_choisnet]: and the owner owns out right and
it just needs so much work and they

417
00:17:39,112 --> 00:17:43,678
[blake_choisnet]: had contractors in and then the contractors
you know skipped out on them and so

418
00:17:43,759 --> 00:17:48,044
[blake_choisnet]: it's all vacant except for one you
know one is still being rented you know

419
00:17:48,125 --> 00:17:49,707
[blake_choisnet]: she just wants to get rid of
it and

420
00:17:49,632 --> 00:17:49,776
[casey_]: yeah

421
00:17:49,747 --> 00:17:54,475
[blake_choisnet]: so we negotiated back and forth and
i was like perfect you know de do

422
00:17:54,535 --> 00:17:58,021
[blake_choisnet]: this financing i've actually got a with
the volatility of the rates and negotiated a

423
00:17:58,902 --> 00:18:02,408
[blake_choisnet]: a twelve month tension on our term
so if we get to the end of

424
00:18:02,448 --> 00:18:05,634
[blake_choisnet]: twelve months and rates aren't really where
i want it i can leave it at

425
00:18:05,674 --> 00:18:09,220
[blake_choisnet]: three per cent i just pay another
ten grand down on principle

426
00:18:09,760 --> 00:18:09,921
[casey_]: yeah

427
00:18:10,321 --> 00:18:11,143
[blake_choisnet]: and it extends

428
00:18:11,110 --> 00:18:11,170
[casey_]: and

429
00:18:11,163 --> 00:18:11,383
[blake_choisnet]: another

430
00:18:11,230 --> 00:18:11,570
[casey_]: you can't

431
00:18:11,423 --> 00:18:11,483
[blake_choisnet]: te

432
00:18:11,611 --> 00:18:11,731
[casey_]: beat

433
00:18:11,645 --> 00:18:11,887
[blake_choisnet]: mons

434
00:18:11,791 --> 00:18:14,155
[casey_]: that you your risk free because you're
going to make twenty four

435
00:18:14,164 --> 00:18:14,287
[blake_choisnet]: yeah

436
00:18:14,215 --> 00:18:15,297
[casey_]: hundred a month between

437
00:18:15,754 --> 00:18:15,876
[blake_choisnet]: yeah

438
00:18:16,398 --> 00:18:19,484
[casey_]: but but you're gonna be out there
you would be out the repairs if if

439
00:18:19,544 --> 00:18:19,884
[casey_]: something

440
00:18:19,754 --> 00:18:19,896
[blake_choisnet]: yeah

441
00:18:20,385 --> 00:18:23,010
[casey_]: exploded and didn't work i here's a
little risk there don't get me wrong

442
00:18:23,379 --> 00:18:23,914
[blake_choisnet]: hm

443
00:18:23,651 --> 00:18:27,782
[casey_]: but but i feel like those risks
are fairly mitigated when it comes time to

444
00:18:28,283 --> 00:18:28,384
[casey_]: when

445
00:18:28,414 --> 00:18:28,594
[blake_choisnet]: yeah

446
00:18:28,424 --> 00:18:29,667
[casey_]: the river meets the road and you're

447
00:18:29,596 --> 00:18:29,716
[blake_choisnet]: well

448
00:18:29,707 --> 00:18:29,868
[casey_]: like

449
00:18:29,756 --> 00:18:33,001
[blake_choisnet]: and one of the things that i
love about you know when i talk about

450
00:18:33,101 --> 00:18:36,227
[blake_choisnet]: risk and i hear people say like
oh that's too risky one of things i

451
00:18:36,327 --> 00:18:41,195
[blake_choisnet]: love about real estate is you can
actually quantify your risk risks function of two

452
00:18:41,275 --> 00:18:45,242
[blake_choisnet]: things the likelihood it goes wrong and
the cost of it going wrong right so

453
00:18:45,622 --> 00:18:48,587
[blake_choisnet]: it's just like hopping on an airplane
you know that if it goes wrong you're

454
00:18:48,607 --> 00:18:48,948
[blake_choisnet]: screwed

455
00:18:49,431 --> 00:18:49,614
[casey_]: that's

456
00:18:49,549 --> 00:18:49,889
[blake_choisnet]: it's not

457
00:18:49,757 --> 00:18:49,981
[casey_]: right

458
00:18:49,949 --> 00:18:52,735
[blake_choisnet]: going well for you you know but
the likelihood of it going wrong you know

459
00:18:52,835 --> 00:18:56,149
[blake_choisnet]: why are people still got planes like
hods like one and eleven million or some

460
00:18:56,229 --> 00:18:56,511
[blake_choisnet]: like that

461
00:18:56,671 --> 00:18:58,277
[casey_]: risk v reward

462
00:18:58,714 --> 00:19:02,646
[blake_choisnet]: yeah yeah so i'm saying well what's
the likelihood that what is it going to

463
00:19:02,706 --> 00:19:04,452
[blake_choisnet]: cost if it really really goes wrong

464
00:19:04,810 --> 00:19:04,932
[casey_]: yep

465
00:19:05,246 --> 00:19:06,458
[blake_choisnet]: and then i can put a number
that

466
00:19:06,950 --> 00:19:07,092
[casey_]: yep

467
00:19:07,404 --> 00:19:10,413
[blake_choisnet]: and then i can i can put
a number o other things as well and

468
00:19:10,433 --> 00:19:13,142
[blake_choisnet]: then i say is it worth my
downside for the potential of my upside

469
00:19:13,640 --> 00:19:17,267
[casey_]: to try quantifiable risk and

470
00:19:17,364 --> 00:19:17,506
[blake_choisnet]: yeah

471
00:19:17,768 --> 00:19:23,078
[casey_]: quatifiable risk that's a lot of that's
a lot of times what the human mind

472
00:19:23,910 --> 00:19:28,577
[casey_]: as far as like the majority of
people i have a hard time like everything

473
00:19:28,718 --> 00:19:31,462
[casey_]: i look at i quantify in some
former

474
00:19:31,167 --> 00:19:31,714
[blake_choisnet]: hm

475
00:19:31,562 --> 00:19:38,294
[casey_]: fashion you know there's like even and
that's what always tell people about when we're

476
00:19:38,374 --> 00:19:43,542
[casey_]: going through real estate contracts like non
purchase contracts or sale contracts things like that

477
00:19:43,582 --> 00:19:47,529
[casey_]: because i'm a real estate agent by
trade real estate sales is my full background

478
00:19:47,569 --> 00:19:49,012
[casey_]: based my whole career

479
00:19:48,883 --> 00:19:48,904
[blake_choisnet]: m

480
00:19:49,152 --> 00:19:52,738
[casey_]: centered around that and always tell people
listen we're going to see some terms that

481
00:19:52,778 --> 00:19:56,885
[casey_]: i can't necessarily quantify into what you're
going to be looking at

482
00:19:56,825 --> 00:19:57,007
[blake_choisnet]: right

483
00:19:56,965 --> 00:20:00,434
[casey_]: in dollars but you have to understand
that some of these terms

484
00:20:00,934 --> 00:20:01,624
[blake_choisnet]: yeah

485
00:20:01,390 --> 00:20:05,817
[casey_]: could you need to somehow figure out
how to how to match these terms with

486
00:20:05,877 --> 00:20:06,859
[casey_]: dollars if you will

487
00:20:07,002 --> 00:20:07,714
[blake_choisnet]: hm

488
00:20:08,101 --> 00:20:10,705
[casey_]: to make it less risky for you
and make it more

489
00:20:10,645 --> 00:20:10,807
[blake_choisnet]: right

490
00:20:10,765 --> 00:20:15,273
[casey_]: rewarding for you at the same time
so it's risky rewarded mine my opinion but

491
00:20:15,734 --> 00:20:15,876
[blake_choisnet]: yeah

492
00:20:15,754 --> 00:20:19,319
[casey_]: that's what a lot of people look
at but but you're right is the potential

493
00:20:19,420 --> 00:20:26,997
[casey_]: loss of what you put in greater
like this is what the potential reward is

494
00:20:27,157 --> 00:20:27,700
[casey_]: what is

495
00:20:27,644 --> 00:20:27,788
[blake_choisnet]: yeah

496
00:20:28,744 --> 00:20:28,925
[casey_]: how do

497
00:20:28,884 --> 00:20:28,984
[blake_choisnet]: can

498
00:20:28,985 --> 00:20:29,126
[casey_]: those

499
00:20:29,024 --> 00:20:29,124
[blake_choisnet]: you

500
00:20:29,186 --> 00:20:29,467
[casey_]: match

501
00:20:29,205 --> 00:20:32,072
[blake_choisnet]: can you stomach the loss for the
potential of maybe the reward eh

502
00:20:32,380 --> 00:20:32,742
[casey_]: correct

503
00:20:32,874 --> 00:20:33,016
[blake_choisnet]: yeah

504
00:20:33,145 --> 00:20:33,689
[casey_]: correct and

505
00:20:33,694 --> 00:20:34,034
[blake_choisnet]: and i think

506
00:20:34,253 --> 00:20:34,696
[casey_]: generally

507
00:20:34,515 --> 00:20:37,260
[blake_choisnet]: a lot of times when i talk
to people that are highly analytical i'm thinking

508
00:20:37,320 --> 00:20:42,849
[blake_choisnet]: like engineering times my background and engineering
or like doctors people that are highly analytical

509
00:20:42,929 --> 00:20:47,497
[blake_choisnet]: maybe some finance individuals they say this
struggle with analysis paralysis right

510
00:20:47,480 --> 00:20:47,884
[casey_]: that's right

511
00:20:47,777 --> 00:20:51,563
[blake_choisnet]: they struggle with analysis paralysis which is
really like the analytical person's way of saying

512
00:20:51,604 --> 00:20:52,565
[blake_choisnet]: i'm scared but

513
00:20:52,511 --> 00:20:52,634
[casey_]: yep

514
00:20:52,605 --> 00:20:54,849
[blake_choisnet]: it makes it makes us feel a
little bit better right

515
00:20:55,250 --> 00:20:55,392
[casey_]: yep

516
00:20:55,690 --> 00:20:59,956
[blake_choisnet]: but really they just they haven't figured
out the skill of putting numbers to things

517
00:21:00,350 --> 00:21:00,491
[casey_]: that's

518
00:21:00,437 --> 00:21:00,617
[blake_choisnet]: doesn't

519
00:21:00,552 --> 00:21:00,714
[casey_]: right

520
00:21:00,657 --> 00:21:04,982
[blake_choisnet]: have to be exact just you know
it's about you know fifty thousand dollars that's

521
00:21:05,030 --> 00:21:05,150
[casey_]: well

522
00:21:05,082 --> 00:21:05,683
[blake_choisnet]: about what it

523
00:21:06,412 --> 00:21:09,397
[casey_]: yeah they're used to looking at defined
number

524
00:21:09,245 --> 00:21:09,429
[blake_choisnet]: yeah

525
00:21:09,718 --> 00:21:15,187
[casey_]: numbers that actually have a meaning behind
them there's something quatifiable on the other side

526
00:21:15,267 --> 00:21:17,591
[casey_]: of the physical number and sometimes

527
00:21:17,287 --> 00:21:17,854
[blake_choisnet]: hm

528
00:21:17,631 --> 00:21:21,377
[casey_]: when we're looking at this stuff that's
not you're not quantifying what the market you

529
00:21:21,477 --> 00:21:22,198
[casey_]: can't quantify

530
00:21:21,797 --> 00:21:22,002
[blake_choisnet]: right

531
00:21:22,299 --> 00:21:27,547
[casey_]: what the market might be in eight
months ten months twelve months twenty four months

532
00:21:27,295 --> 00:21:27,497
[blake_choisnet]: right

533
00:21:27,768 --> 00:21:32,376
[casey_]: five years you can't wantify that you
can make a projection and say yea i

534
00:21:32,596 --> 00:21:37,365
[casey_]: think we're going to be you know
our max negative is here and max positive

535
00:21:37,406 --> 00:21:37,967
[casey_]: is here but

536
00:21:38,014 --> 00:21:38,034
[blake_choisnet]: m

537
00:21:38,227 --> 00:21:41,054
[casey_]: our ultra max negative could be way
the hell down there too and

538
00:21:41,485 --> 00:21:41,629
[blake_choisnet]: yeah

539
00:21:41,675 --> 00:21:42,777
[casey_]: and then you're looking at so

540
00:21:42,835 --> 00:21:42,895
[blake_choisnet]: and

541
00:21:42,837 --> 00:21:43,038
[casey_]: i know

542
00:21:42,956 --> 00:21:43,178
[blake_choisnet]: people

543
00:21:44,310 --> 00:21:44,351
[casey_]: go

544
00:21:44,374 --> 00:21:44,514
[blake_choisnet]: people

545
00:21:44,391 --> 00:21:44,533
[casey_]: ahead

546
00:21:44,574 --> 00:21:47,217
[blake_choisnet]: get really scared of asking what if
questions you know what if

547
00:21:47,294 --> 00:21:47,435
[casey_]: right

548
00:21:47,297 --> 00:21:51,682
[blake_choisnet]: this happens what if that happens if
they would just answer that question it makes

549
00:21:51,702 --> 00:21:52,743
[blake_choisnet]: their lives so much easier

550
00:21:53,481 --> 00:21:53,602
[casey_]: yep

551
00:21:53,824 --> 00:21:57,432
[blake_choisnet]: like you say well what if your
hot water heater breaks or the roof goes

552
00:21:57,492 --> 00:22:00,028
[blake_choisnet]: out how much is that going to
cost perfect

553
00:21:59,761 --> 00:21:59,885
[casey_]: yep

554
00:22:00,886 --> 00:22:03,786
[blake_choisnet]: now you got an answer to it
you're out you know what is at eighty

555
00:22:03,826 --> 00:22:08,031
[blake_choisnet]: five hundred box whatever it might be
then can you stomach the deal great perfect

556
00:22:09,004 --> 00:22:09,326
[blake_choisnet]: if you just

557
00:22:09,329 --> 00:22:09,491
[casey_]: that

558
00:22:09,346 --> 00:22:12,121
[blake_choisnet]: put a number to it it doesn't
loom as large in your mind

559
00:22:12,700 --> 00:22:16,526
[casey_]: yeah and that's one of the one
of the reasons everybody has taken a look

560
00:22:16,567 --> 00:22:18,790
[casey_]: at you know for instance farm ground
farm

561
00:22:18,796 --> 00:22:18,817
[blake_choisnet]: m

562
00:22:18,850 --> 00:22:26,182
[casey_]: ground tillable farm ground to grow wheat
corn soil beans on has exponentially gone up

563
00:22:26,342 --> 00:22:29,927
[casey_]: like like it's gone up a thousand
in our area it's gone up a thousand

564
00:22:29,967 --> 00:22:31,249
[casey_]: dollars an acre per year

565
00:22:32,125 --> 00:22:32,287
[blake_choisnet]: wow

566
00:22:32,350 --> 00:22:36,016
[casey_]: since say like o seven right or
well

567
00:22:35,794 --> 00:22:36,062
[blake_choisnet]: oh

568
00:22:36,116 --> 00:22:39,622
[casey_]: i say since o eight i'm just
using his round fire's probably more like it

569
00:22:39,682 --> 00:22:42,346
[casey_]: could be probably even more like eight
hundred an acre so

570
00:22:42,413 --> 00:22:43,144
[blake_choisnet]: hm

571
00:22:43,288 --> 00:22:43,448
[casey_]: when

572
00:22:43,405 --> 00:22:43,648
[blake_choisnet]: okay

573
00:22:43,508 --> 00:22:48,482
[casey_]: you look at that and you're like
okay these guys were jumping millions into like

574
00:22:48,522 --> 00:22:52,749
[casey_]: they were going out and buying millions
in farm ground what was what was the

575
00:22:52,869 --> 00:22:54,812
[casey_]: risk really what this

576
00:22:54,761 --> 00:22:55,294
[blake_choisnet]: hm

577
00:22:54,893 --> 00:23:00,364
[casey_]: is this is like the basis for
my risk analysis what was the risk there

578
00:23:00,404 --> 00:23:02,009
[casey_]: really wasn't any right

579
00:23:02,147 --> 00:23:02,734
[blake_choisnet]: hm

580
00:23:02,150 --> 00:23:06,869
[casey_]: and i'm going to tell you why
like because the bottom line is as the

581
00:23:06,930 --> 00:23:09,500
[casey_]: world has to eat there's

582
00:23:09,324 --> 00:23:09,466
[blake_choisnet]: yeah

583
00:23:09,560 --> 00:23:13,844
[casey_]: no way around it's one of the
it's one of the main necessities of life

584
00:23:14,124 --> 00:23:16,646
[casey_]: right so the main

585
00:23:16,477 --> 00:23:17,106
[blake_choisnet]: food and shelter

586
00:23:17,787 --> 00:23:25,528
[casey_]: correct food and shelter water i guess
water food and shelter and the bottom line

587
00:23:25,668 --> 00:23:32,981
[casey_]: is is we've got a set number
of in other words we've got land is

588
00:23:33,081 --> 00:23:35,326
[casey_]: bit coin for that matter right it's
a set

589
00:23:35,217 --> 00:23:35,764
[blake_choisnet]: hm

590
00:23:35,426 --> 00:23:41,331
[casey_]: number of acres with an increasing capacity
of use

591
00:23:42,397 --> 00:23:42,964
[blake_choisnet]: hm

592
00:23:42,400 --> 00:23:48,665
[casey_]: because the population is growing every year
so the same so the same number of

593
00:23:48,705 --> 00:23:52,875
[casey_]: farm makers are trying to feed a
growing population which way is it going to

594
00:23:52,935 --> 00:23:54,018
[casey_]: go no risk

595
00:23:53,727 --> 00:23:53,891
[blake_choisnet]: right

596
00:23:55,170 --> 00:23:55,652
[casey_]: you might have

597
00:23:55,546 --> 00:23:55,710
[blake_choisnet]: right

598
00:23:55,692 --> 00:23:59,263
[casey_]: some short term risk but in other
words you don't have any risk at all

599
00:23:59,324 --> 00:23:59,524
[blake_choisnet]: right

600
00:23:59,865 --> 00:23:59,945
[casey_]: and

601
00:24:00,006 --> 00:24:00,186
[blake_choisnet]: you're

602
00:24:00,025 --> 00:24:00,166
[casey_]: it's

603
00:24:00,227 --> 00:24:00,307
[blake_choisnet]: you

604
00:24:00,246 --> 00:24:00,366
[casey_]: the

605
00:24:00,347 --> 00:24:00,467
[blake_choisnet]: know

606
00:24:00,447 --> 00:24:00,708
[casey_]: same

607
00:24:00,608 --> 00:24:05,382
[blake_choisnet]: buying farmland like that and even property
you're essentially betting on the american economy

608
00:24:06,030 --> 00:24:06,133
[casey_]: yep

609
00:24:06,825 --> 00:24:10,291
[blake_choisnet]: and you know if you have the
doomsday or they're like well what if you

610
00:24:10,351 --> 00:24:14,519
[blake_choisnet]: know everything implodes and well your your
stocks are gone too like

611
00:24:15,241 --> 00:24:15,422
[casey_]: well

612
00:24:15,380 --> 00:24:15,540
[blake_choisnet]: we're

613
00:24:15,462 --> 00:24:15,682
[casey_]: in my

614
00:24:15,621 --> 00:24:15,781
[blake_choisnet]: all

615
00:24:15,763 --> 00:24:16,164
[casey_]: opinion

616
00:24:15,841 --> 00:24:16,041
[blake_choisnet]: done

617
00:24:16,344 --> 00:24:20,838
[casey_]: even root it further you're betting on
the reproductive capabilities of the human population

618
00:24:22,004 --> 00:24:23,997
[blake_choisnet]: which historically would be in your favor

619
00:24:24,760 --> 00:24:26,002
[casey_]: i mean i would yes

620
00:24:26,134 --> 00:24:26,376
[blake_choisnet]: uh

621
00:24:26,382 --> 00:24:27,624
[casey_]: absolutely i mean

622
00:24:28,073 --> 00:24:28,114
[blake_choisnet]: uh

623
00:24:28,165 --> 00:24:28,746
[casey_]: absolutely

624
00:24:28,174 --> 00:24:28,834
[blake_choisnet]: yeah

625
00:24:28,867 --> 00:24:31,651
[casey_]: i think there was only one year
where it was like less than four or

626
00:24:31,691 --> 00:24:33,554
[casey_]: five percent growth and that was back

627
00:24:33,444 --> 00:24:33,587
[blake_choisnet]: yeah

628
00:24:33,614 --> 00:24:40,005
[casey_]: in nineteen o three or something and
you know that's why i say man when

629
00:24:40,045 --> 00:24:47,758
[casey_]: you start picking this stuff and you
start looking at your analysis for rental properties

630
00:24:47,818 --> 00:24:53,214
[casey_]: and you start trying to put some
type of quatification on your risk you have

631
00:24:53,295 --> 00:24:58,346
[casey_]: to look at all types of different
factors farmland just is the for

632
00:24:58,324 --> 00:24:58,344
[blake_choisnet]: m

633
00:24:58,446 --> 00:25:03,113
[casey_]: me that's the basis that's like that's
me saying okay this is the basis of

634
00:25:03,234 --> 00:25:05,397
[casey_]: risk verse investment now everything else

635
00:25:05,287 --> 00:25:05,854
[blake_choisnet]: hm

636
00:25:05,497 --> 00:25:08,189
[casey_]: real estate wise goes from here in

637
00:25:08,190 --> 00:25:08,764
[blake_choisnet]: hm

638
00:25:08,773 --> 00:25:09,075
[casey_]: risk

639
00:25:10,174 --> 00:25:13,298
[blake_choisnet]: yeah i read something the other day
that i want to say it was bill

640
00:25:13,418 --> 00:25:16,623
[blake_choisnet]: gates bill gates owns the most farm
land

641
00:25:17,422 --> 00:25:17,784
[casey_]: i've seen

642
00:25:17,684 --> 00:25:18,949
[blake_choisnet]: united states of anybody

643
00:25:19,460 --> 00:25:20,345
[casey_]: yep hey

644
00:25:20,376 --> 00:25:21,181
[blake_choisnet]: he's not an idiot

645
00:25:21,650 --> 00:25:24,735
[casey_]: and i'll tell you i'll tell you
the other thing since we're on the farm

646
00:25:24,795 --> 00:25:28,401
[casey_]: ground talk this kind of my like
this is kind of like my world because

647
00:25:28,441 --> 00:25:35,251
[casey_]: i've got an agricultural economics degree coupled
with coupled with this whatever real estate knowledge

648
00:25:35,351 --> 00:25:39,115
[casey_]: that i have in my brain that
seems to always be rattling around up there

649
00:25:39,856 --> 00:25:45,197
[casey_]: um land and gold trail one another

650
00:25:45,964 --> 00:25:46,185
[blake_choisnet]: yeah

651
00:25:46,941 --> 00:25:49,606
[casey_]: um but when you've got a lot
of money what the hell do you do

652
00:25:49,646 --> 00:25:52,310
[casey_]: with the money right you can't you
don't put in i mean you put in

653
00:25:52,330 --> 00:25:56,016
[casey_]: the bank obviously but how much of
that bank how much of that is hedged

654
00:25:56,177 --> 00:26:00,203
[casey_]: right to five hundred thousand i think
something like that they're only guaranteeing you the

655
00:26:00,264 --> 00:26:05,332
[casey_]: first five hundred thousand is protected um
and then from there what do you buy

656
00:26:05,472 --> 00:26:07,696
[casey_]: all right well you have goal what
the hell do you do the truck load

657
00:26:07,736 --> 00:26:11,663
[casey_]: of gold if you've got twenty five
million dollars you've got in cash what do

658
00:26:11,703 --> 00:26:13,025
[casey_]: you do you buy real

659
00:26:13,027 --> 00:26:13,534
[blake_choisnet]: hm

660
00:26:13,065 --> 00:26:20,958
[casey_]: estate and if you want the lowest
risk most guaranteed return because farmland is going

661
00:26:20,998 --> 00:26:23,703
[casey_]: to rent matter what it's going to
rent

662
00:26:23,893 --> 00:26:23,914
[blake_choisnet]: m

663
00:26:23,983 --> 00:26:24,424
[casey_]: to somebody

664
00:26:24,994 --> 00:26:25,014
[blake_choisnet]: m

665
00:26:25,366 --> 00:26:27,770
[casey_]: um basically i mean the risk is
all gone

666
00:26:28,234 --> 00:26:28,455
[blake_choisnet]: yeah

667
00:26:28,492 --> 00:26:29,574
[casey_]: there so landing gold

668
00:26:30,094 --> 00:26:30,904
[blake_choisnet]: oh

669
00:26:30,135 --> 00:26:31,798
[casey_]: and land is your

670
00:26:31,894 --> 00:26:32,157
[blake_choisnet]: yeah

671
00:26:31,898 --> 00:26:34,503
[casey_]: main pick for me anyway

672
00:26:34,455 --> 00:26:39,761
[blake_choisnet]: yeah yeah it's it's fixed it's not
growing there's not more of it it's exactly

673
00:26:39,801 --> 00:26:41,463
[blake_choisnet]: what we've got now is what we're
going to have later

674
00:26:42,991 --> 00:26:43,492
[casey_]: i used to call my

675
00:26:43,459 --> 00:26:43,479
[blake_choisnet]: i

676
00:26:43,532 --> 00:26:45,054
[casey_]: dad crazy because he was always say
land

677
00:26:44,973 --> 00:26:44,993
[blake_choisnet]: h

678
00:26:45,094 --> 00:26:45,735
[casey_]: is the only thing they're

679
00:26:45,703 --> 00:26:45,724
[blake_choisnet]: m

680
00:26:45,775 --> 00:26:47,398
[casey_]: not making more of and i was
like you

681
00:26:47,366 --> 00:26:47,407
[blake_choisnet]: he

682
00:26:47,458 --> 00:26:50,543
[casey_]: know not that that's a cry i
got the idea but i'm like that there's

683
00:26:50,583 --> 00:26:52,507
[casey_]: a lot of damn land in kansas
that ain't nobody

684
00:26:52,406 --> 00:26:52,954
[blake_choisnet]: hm

685
00:26:52,587 --> 00:26:53,629
[casey_]: livin on and it nobody

686
00:26:53,614 --> 00:26:53,776
[blake_choisnet]: yeah

687
00:26:53,669 --> 00:26:57,275
[casey_]: doing that with but when it comes
when you really start analyzing it and saying

688
00:26:57,315 --> 00:27:01,301
[casey_]: okay how much productive land is there
like land

689
00:27:01,153 --> 00:27:01,174
[blake_choisnet]: m

690
00:27:01,321 --> 00:27:06,717
[casey_]: you can actually do something with that
is very very very very limited resource um

691
00:27:06,755 --> 00:27:06,835
[blake_choisnet]: and

692
00:27:06,880 --> 00:27:06,981
[casey_]: and

693
00:27:06,895 --> 00:27:09,700
[blake_choisnet]: i think it's shrinking you know like
i grew up in a small town in

694
00:27:09,760 --> 00:27:13,886
[blake_choisnet]: oklahoma across the street from us used
to be a big old field big old

695
00:27:13,967 --> 00:27:14,447
[blake_choisnet]: wheat field

696
00:27:14,750 --> 00:27:14,873
[casey_]: yep

697
00:27:15,149 --> 00:27:18,453
[blake_choisnet]: and then on the other side of
that was a big old soiling field right

698
00:27:18,894 --> 00:27:21,863
[blake_choisnet]: at are those now one is a
neighborhood development and the other one's

699
00:27:21,840 --> 00:27:22,143
[casey_]: yes

700
00:27:21,903 --> 00:27:24,271
[blake_choisnet]: like a wall mart lows and a
research you

701
00:27:24,210 --> 00:27:24,290
[casey_]: so

702
00:27:24,311 --> 00:27:24,411
[blake_choisnet]: know

703
00:27:24,370 --> 00:27:32,358
[casey_]: there you go and and you know
there's there's also this thought call me crazy

704
00:27:33,110 --> 00:27:34,632
[casey_]: cause i am sometimes crazy

705
00:27:34,804 --> 00:27:35,392
[blake_choisnet]: uh

706
00:27:35,213 --> 00:27:36,295
[casey_]: but if there

707
00:27:36,203 --> 00:27:36,244
[blake_choisnet]: uh

708
00:27:36,375 --> 00:27:41,945
[casey_]: is a chance if there is a
chance that the environmentalist have gotten at least

709
00:27:42,225 --> 00:27:46,810
[casey_]: something correct about global warming and i'm
not

710
00:27:46,864 --> 00:27:46,884
[blake_choisnet]: m

711
00:27:46,870 --> 00:27:49,294
[casey_]: saying it is or is and i'm
not getting into a political argument with anybody

712
00:27:49,454 --> 00:27:53,561
[casey_]: i'm not even going to discuss politics
but what i'm saying is if there is

713
00:27:53,781 --> 00:27:59,834
[casey_]: that chance how much are we going
to lose because is and i'll you i

714
00:27:59,974 --> 00:28:11,241
[casey_]: say this because florida florida alone has
more cattle per acre texas that's a fact

715
00:28:12,045 --> 00:28:12,186
[blake_choisnet]: wow

716
00:28:12,464 --> 00:28:12,865
[casey_]: um

717
00:28:13,344 --> 00:28:13,874
[blake_choisnet]: it's impressive

718
00:28:13,646 --> 00:28:21,374
[casey_]: florida has more cattle per acre than
texas and so what i'm getting at is

719
00:28:21,936 --> 00:28:27,587
[casey_]: is sea levels rise farmland goes in
people are moving people have to move from

720
00:28:27,667 --> 00:28:33,257
[casey_]: their out how much of that resource
you're right at shrinking at a certain percentage

721
00:28:33,358 --> 00:28:38,883
[casey_]: now but if for some reason that's
why it's it's worth it's not worth having

722
00:28:38,923 --> 00:28:42,567
[casey_]: the discussion from a political standpoint of
saying oh my god these people are more

723
00:28:42,727 --> 00:28:44,108
[casey_]: on ice caps aren't

724
00:28:44,107 --> 00:28:44,674
[blake_choisnet]: hm

725
00:28:44,148 --> 00:28:46,580
[casey_]: melting it's what if okay

726
00:28:46,587 --> 00:28:47,194
[blake_choisnet]: hm

727
00:28:47,381 --> 00:28:51,348
[casey_]: i'm gonna there in like ndscussed'm going
step back i'm going to judge my risk

728
00:28:51,989 --> 00:28:55,755
[casey_]: and i'm going to say what if
they are right what if there's a fifty

729
00:28:55,835 --> 00:28:57,218
[casey_]: one percent chance there right and forty

730
00:28:57,239 --> 00:28:57,754
[blake_choisnet]: hm

731
00:28:57,298 --> 00:28:58,340
[casey_]: nine percent chance or not m

732
00:28:59,494 --> 00:29:02,719
[blake_choisnet]: then maybe you should buy some farmland
in canada or you know montana

733
00:29:02,341 --> 00:29:02,744
[casey_]: there you go

734
00:29:02,759 --> 00:29:04,302
[blake_choisnet]: or just buy a bunch of ou
know what i mean like

735
00:29:04,790 --> 00:29:04,911
[casey_]: yeah

736
00:29:04,863 --> 00:29:08,489
[blake_choisnet]: if they're right and you know texas
and louisiana is going to have a hundred

737
00:29:08,549 --> 00:29:12,460
[blake_choisnet]: twenty five degree days like maybe i
should go buy some land in montana or

738
00:29:12,922 --> 00:29:13,204
[blake_choisnet]: idaho

739
00:29:13,211 --> 00:29:13,355
[casey_]: yeah

740
00:29:13,365 --> 00:29:14,088
[blake_choisnet]: or something like that

741
00:29:14,360 --> 00:29:15,622
[casey_]: productive productive

742
00:29:15,585 --> 00:29:15,767
[blake_choisnet]: right

743
00:29:15,642 --> 00:29:16,143
[casey_]: that has

744
00:29:16,133 --> 00:29:16,315
[blake_choisnet]: yeah

745
00:29:16,183 --> 00:29:19,849
[casey_]: to be productive and i'll tell you
just just because i know there's there's questions

746
00:29:19,909 --> 00:29:25,198
[casey_]: out there right now but florida's grass
the amount of grass that they have is

747
00:29:25,258 --> 00:29:29,365
[casey_]: what lends them to be well to
to to have more cattle per acre than

748
00:29:29,405 --> 00:29:33,832
[casey_]: texas now that was also a staff
that was probably ten years ago but i

749
00:29:33,952 --> 00:29:37,057
[casey_]: assume it's probably probably still much the
same because there hasn't been a lot but

750
00:29:37,498 --> 00:29:41,124
[casey_]: anyway so blake well listen man i
want to thank you for coming on today

751
00:29:41,164 --> 00:29:45,111
[casey_]: has been a kind of an interesting
discussion kind of you never know the way

752
00:29:45,171 --> 00:29:47,034
[casey_]: these things may take turns and in
and out

753
00:29:46,914 --> 00:29:47,056
[blake_choisnet]: yeah

754
00:29:47,735 --> 00:29:51,481
[casey_]: and so on i guess but i'd
like to kind of in the episode that'd

755
00:29:51,542 --> 00:29:54,547
[casey_]: like to answer i'd like to ask
you a couple of questions and the first

756
00:29:54,515 --> 00:29:54,638
[blake_choisnet]: sure

757
00:29:54,607 --> 00:29:58,553
[casey_]: of those is what is the best
book that you've recently read or currently reading

758
00:29:58,573 --> 00:30:03,043
[casey_]: and i can tell you're just such
an analytical guy like everything i assume we're

759
00:30:03,063 --> 00:30:06,623
[casey_]: probably going to get i want i'm
curious to know really

760
00:30:06,684 --> 00:30:08,306
[blake_choisnet]: yeah i mean i

761
00:30:08,340 --> 00:30:08,562
[casey_]: oh

762
00:30:08,446 --> 00:30:11,931
[blake_choisnet]: consider rich dad port ad to be
the bible

763
00:30:11,831 --> 00:30:11,931
[casey_]: that

764
00:30:11,971 --> 00:30:12,032
[blake_choisnet]: of

765
00:30:12,051 --> 00:30:12,191
[casey_]: first

766
00:30:12,092 --> 00:30:12,412
[blake_choisnet]: personal

767
00:30:12,271 --> 00:30:12,592
[casey_]: time we've

768
00:30:12,452 --> 00:30:12,813
[blake_choisnet]: finance

769
00:30:12,652 --> 00:30:14,996
[casey_]: ever heard that first time we've ever
heard that on the show like

770
00:30:15,154 --> 00:30:15,314
[blake_choisnet]: yeah

771
00:30:15,537 --> 00:30:16,138
[casey_]: gratulations

772
00:30:16,036 --> 00:30:19,464
[blake_choisnet]: so that that's my favorite one but
i think the one that i was telling

773
00:30:19,504 --> 00:30:22,350
[blake_choisnet]: some one the other day that a
book that changed my life is living forward

774
00:30:22,531 --> 00:30:23,272
[blake_choisnet]: by michael hit

775
00:30:24,201 --> 00:30:24,730
[casey_]: interesting

776
00:30:25,165 --> 00:30:28,911
[blake_choisnet]: it essentially it teaches you how to
make a life plan you know a lot

777
00:30:28,931 --> 00:30:31,435
[blake_choisnet]: of leadership books say you need to
have a life plan but you don't what

778
00:30:31,456 --> 00:30:34,801
[blake_choisnet]: to do that wrong and end up
a clown or you know whatever and so

779
00:30:34,941 --> 00:30:38,668
[blake_choisnet]: the first third of it is the
importance of it the second third is how

780
00:30:38,708 --> 00:30:40,390
[blake_choisnet]: do you actually do it practically

781
00:30:40,378 --> 00:30:40,890
[casey_]: hm

782
00:30:40,430 --> 00:30:44,397
[blake_choisnet]: and tangibly and then the last part
is how do you like execute on it

783
00:30:44,930 --> 00:30:45,074
[casey_]: yep

784
00:30:45,178 --> 00:30:49,345
[blake_choisnet]: and between the second third part they
tell you they say hey within the next

785
00:30:49,385 --> 00:30:54,414
[blake_choisnet]: two weeks car out a full day
eight hours actually build this thing and starting

786
00:30:54,454 --> 00:30:57,539
[blake_choisnet]: to actually think through what i want
my look life to look like that was

787
00:30:57,579 --> 00:31:02,934
[blake_choisnet]: what started my journey as i wanted
something diff you know i want to be

788
00:31:03,215 --> 00:31:08,434
[blake_choisnet]: free with my time and what not
so i still read that pretty consistently and

789
00:31:08,494 --> 00:31:13,591
[blake_choisnet]: would recommend it to to anybody that
i that i was trying to help encourage

790
00:31:13,452 --> 00:31:13,634
[casey_]: sure

791
00:31:13,631 --> 00:31:13,872
[blake_choisnet]: to grow

792
00:31:14,420 --> 00:31:17,825
[casey_]: yeah yeah man that's great and and
you know and i got to say that

793
00:31:17,925 --> 00:31:20,950
[casey_]: that that i know the audience there's
there's probably a good bit of them out

794
00:31:20,990 --> 00:31:25,157
[casey_]: there that are hat are somewhat i
don't want o say jealous but probably envious

795
00:31:25,478 --> 00:31:29,605
[casey_]: of where you are life and what
kind of the path that you've chosen and

796
00:31:30,566 --> 00:31:32,790
[casey_]: you know and if they're going to
be mad at somebody for not being where

797
00:31:32,830 --> 00:31:36,036
[casey_]: you are they can be mad at
yourself and that's same for me i'm none

798
00:31:36,096 --> 00:31:45,843
[casey_]: better i'm none better than then then
then being sometimes not very you know not

799
00:31:45,903 --> 00:31:49,549
[casey_]: very i'd like to be more with
my with my time than i and my

800
00:31:49,609 --> 00:31:52,775
[casey_]: money but but now man there's a
lot of people out there that are that

801
00:31:52,835 --> 00:31:57,470
[casey_]: are hopeful that they can get to
where you are and and four only some

802
00:31:57,530 --> 00:32:00,275
[casey_]: of us and there was some saying
us our kids are

803
00:32:00,283 --> 00:32:00,304
[blake_choisnet]: m

804
00:32:00,295 --> 00:32:02,599
[casey_]: going to grow up too fast and
we're still going to be in this

805
00:32:02,476 --> 00:32:03,004
[blake_choisnet]: hm

806
00:32:03,019 --> 00:32:07,046
[casey_]: in this this world wind mixer what
a blender of life

807
00:32:07,105 --> 00:32:07,267
[blake_choisnet]: yeah

808
00:32:07,166 --> 00:32:11,355
[casey_]: so anyway but all right so next
question what is a dream vacation that you

809
00:32:11,396 --> 00:32:12,458
[casey_]: have taken or hope to take

810
00:32:13,715 --> 00:32:17,706
[blake_choisnet]: ah man covid kind of broke this
for us a little bit but we plan

811
00:32:17,826 --> 00:32:19,852
[blake_choisnet]: on spending a month over in italy
and france

812
00:32:20,541 --> 00:32:20,943
[casey_]: oh man

813
00:32:20,764 --> 00:32:23,889
[blake_choisnet]: um and so we got three months
old one of that you know you might

814
00:32:23,929 --> 00:32:26,774
[blake_choisnet]: think well that means you can't travel
but we're just gonna bring them with us

815
00:32:27,240 --> 00:32:27,403
[casey_]: yeah

816
00:32:27,435 --> 00:32:27,936
[blake_choisnet]: you know we want

817
00:32:27,890 --> 00:32:28,032
[casey_]: yeah

818
00:32:27,976 --> 00:32:32,523
[blake_choisnet]: him to experience different cultures and stuff
like that and so well well probably either

819
00:32:32,784 --> 00:32:36,955
[blake_choisnet]: ing my mother in law or my
sister or someone like that to watch

820
00:32:37,470 --> 00:32:37,874
[casey_]: ye

821
00:32:38,159 --> 00:32:38,941
[blake_choisnet]: our baby

822
00:32:38,780 --> 00:32:38,901
[casey_]: the

823
00:32:39,001 --> 00:32:39,181
[blake_choisnet]: boy

824
00:32:40,100 --> 00:32:43,707
[casey_]: the only thing i would not do
with a three year old in that in

825
00:32:43,767 --> 00:32:47,474
[casey_]: that scenario is and i was just
there what is this i was just there

826
00:32:47,514 --> 00:32:49,298
[casey_]: about four months ago is rome

827
00:32:50,515 --> 00:32:50,999
[blake_choisnet]: oh yeah

828
00:32:51,040 --> 00:32:57,771
[casey_]: i would i would not even remotely
entertain the thought i wouldn't take my fifty

829
00:32:57,951 --> 00:33:01,958
[casey_]: i'd probably take my fourteen fourteen fifteen
i'm trying to rush them along with actually

830
00:33:02,018 --> 00:33:02,899
[casey_]: now thirteen damn

831
00:33:02,747 --> 00:33:02,932
[blake_choisnet]: yes

832
00:33:03,020 --> 00:33:04,382
[casey_]: till thirteen um

833
00:33:04,384 --> 00:33:05,224
[blake_choisnet]: yeah

834
00:33:05,364 --> 00:33:11,213
[casey_]: he's just now of the age where
i would consider it but man it's tough

835
00:33:11,814 --> 00:33:14,799
[casey_]: i took fifty eight thousand steps in
like four days

836
00:33:15,335 --> 00:33:15,496
[blake_choisnet]: yeah

837
00:33:16,243 --> 00:33:18,008
[casey_]: and it's just brutal

838
00:33:18,684 --> 00:33:18,824
[blake_choisnet]: yeah

839
00:33:18,780 --> 00:33:18,902
[casey_]: it's

840
00:33:18,904 --> 00:33:19,145
[blake_choisnet]: i went

841
00:33:19,084 --> 00:33:19,672
[casey_]: brutal

842
00:33:19,205 --> 00:33:22,130
[blake_choisnet]: up there to i spent a little
bit of time up there working with some

843
00:33:22,551 --> 00:33:26,358
[blake_choisnet]: refugees up there if you're looking at
the coliseum and you turn around

844
00:33:26,310 --> 00:33:27,030
[casey_]: yeah

845
00:33:26,378 --> 00:33:30,936
[blake_choisnet]: there's there's actually a park where all
the refugees sleep and we spent

846
00:33:30,940 --> 00:33:31,324
[casey_]: interest

847
00:33:30,996 --> 00:33:34,782
[blake_choisnet]: a lot of time there with them
helping try to find resources and stuff like

848
00:33:34,802 --> 00:33:35,483
[blake_choisnet]: that that they need but

849
00:33:35,702 --> 00:33:35,968
[casey_]: sure

850
00:33:36,104 --> 00:33:40,311
[blake_choisnet]: yeah it's all walking i mean you
know drive anywhere their infrastructure for like subways

851
00:33:40,331 --> 00:33:43,957
[blake_choisnet]: and stuff like that is way more
consumable than it really is here in the

852
00:33:43,997 --> 00:33:47,062
[blake_choisnet]: states but yeah you're walking you're walking
a lot and if

853
00:33:47,040 --> 00:33:47,204
[casey_]: yeah

854
00:33:47,123 --> 00:33:49,787
[blake_choisnet]: i got a you know a three
month old one year old two year or

855
00:33:49,827 --> 00:33:52,952
[blake_choisnet]: whatever i'm probably gonna ave to carry
him half the time you know

856
00:33:52,960 --> 00:33:53,101
[casey_]: yeah

857
00:33:52,972 --> 00:33:53,253
[blake_choisnet]: what i mean

858
00:33:53,243 --> 00:33:53,404
[casey_]: it's

859
00:33:53,313 --> 00:33:54,395
[blake_choisnet]: so i left unless

860
00:33:54,330 --> 00:33:54,470
[casey_]: it's

861
00:33:54,495 --> 00:33:56,338
[blake_choisnet]: i'm uh you know doing

862
00:33:56,396 --> 00:33:56,437
[casey_]: it

863
00:33:56,398 --> 00:33:56,578
[blake_choisnet]: leg

864
00:33:56,557 --> 00:33:56,778
[casey_]: was

865
00:33:56,678 --> 00:33:59,563
[blake_choisnet]: day twice a day then you know
i probably don't want to do that

866
00:34:00,421 --> 00:34:04,968
[casey_]: it was just far more than i
was prepared for myself and i mean you

867
00:34:05,008 --> 00:34:08,534
[casey_]: know we went to florence and we
went up into the you know up to

868
00:34:08,915 --> 00:34:14,444
[casey_]: to remember what it was up to
the top where you where you overlooked the

869
00:34:14,484 --> 00:34:15,506
[casey_]: city and all that so and

870
00:34:15,494 --> 00:34:15,656
[blake_choisnet]: yeah

871
00:34:15,566 --> 00:34:17,770
[casey_]: it was so much walking m

872
00:34:18,000 --> 00:34:18,514
[blake_choisnet]: hm

873
00:34:18,010 --> 00:34:20,995
[casey_]: but that's awesome man yeah i love
that that that part of the country and

874
00:34:21,015 --> 00:34:23,659
[casey_]: you know and i'll tell you you
know you said you had an engineering back

875
00:34:23,720 --> 00:34:31,973
[casey_]: ground and i was really shocked at
the number of college classes that actually like

876
00:34:32,114 --> 00:34:35,639
[casey_]: leave the us and go over there
for engineering stuff

877
00:34:35,468 --> 00:34:36,244
[blake_choisnet]: m m

878
00:34:36,701 --> 00:34:40,487
[casey_]: uh i guess a lot of their
stuff was just i mean well it's like

879
00:34:40,568 --> 00:34:43,392
[casey_]: what five thousand ten twenty what happen
years old

880
00:34:43,895 --> 00:34:44,038
[blake_choisnet]: yeah

881
00:34:44,955 --> 00:34:48,023
[casey_]: so you know i think i was
shocked at how much of that went there's

882
00:34:48,125 --> 00:34:48,934
[casey_]: wing on over there some

883
00:34:48,914 --> 00:34:52,398
[blake_choisnet]: yes it's weird the concept of age
you know when you're in the states you

884
00:34:52,438 --> 00:34:54,340
[blake_choisnet]: see something two hundred years old three
hundred years old

885
00:34:54,500 --> 00:34:54,680
[casey_]: yep

886
00:34:54,781 --> 00:34:55,081
[blake_choisnet]: i was in

887
00:34:55,182 --> 00:34:55,924
[casey_]: completely

888
00:34:55,421 --> 00:34:56,222
[blake_choisnet]: israel at one point

889
00:34:56,004 --> 00:34:57,027
[casey_]: blown out of the water

890
00:34:57,684 --> 00:34:57,944
[blake_choisnet]: oh it's

891
00:34:57,926 --> 00:34:57,967
[casey_]: a

892
00:34:58,104 --> 00:35:00,768
[blake_choisnet]: wild you know i was in israel
at one point and they started digging to

893
00:35:00,788 --> 00:35:04,494
[blake_choisnet]: build the macdonalds and they found a
city underground and

894
00:35:04,431 --> 00:35:04,492
[casey_]: in

895
00:35:04,594 --> 00:35:04,674
[blake_choisnet]: we

896
00:35:04,675 --> 00:35:04,695
[casey_]: a

897
00:35:04,794 --> 00:35:08,158
[blake_choisnet]: toured the city and they told us
how they found it and just just just

898
00:35:08,218 --> 00:35:09,239
[blake_choisnet]: comical you know it's

899
00:35:09,201 --> 00:35:09,363
[casey_]: yeah

900
00:35:09,399 --> 00:35:11,802
[blake_choisnet]: thousands of years old and just yeah

901
00:35:11,742 --> 00:35:11,866
[casey_]: yep

902
00:35:11,902 --> 00:35:12,343
[blake_choisnet]: just wild

903
00:35:12,630 --> 00:35:16,316
[casey_]: yeah and you're like and you're looking
at this stuff and it is it's an

904
00:35:16,396 --> 00:35:20,463
[casey_]: you're the crazy part is is like
when you're walking through some of that like

905
00:35:20,563 --> 00:35:24,790
[casey_]: the forum in rome down by the
coliseum and stuff you know and there like

906
00:35:25,511 --> 00:35:29,157
[casey_]: they start talking about the different kings
and stuff that were there and you're like

907
00:35:29,958 --> 00:35:34,186
[casey_]: you know you find those little mosaic
pieces pieces off of a mosaic and stuff

908
00:35:34,264 --> 00:35:34,611
[blake_choisnet]: ms

909
00:35:34,266 --> 00:35:38,733
[casey_]: like that and it's like man this
could have and on a picture that king

910
00:35:39,174 --> 00:35:40,817
[casey_]: on't say king tut i don't know

911
00:35:41,496 --> 00:35:41,638
[blake_choisnet]: yeah

912
00:35:41,538 --> 00:35:44,723
[casey_]: looked at her or was in her
room or slept next to anything

913
00:35:44,604 --> 00:35:44,766
[blake_choisnet]: yeah

914
00:35:44,783 --> 00:35:49,190
[casey_]: it's just crazy to me but anyway
so awesome blake listen how can listener if

915
00:35:49,250 --> 00:35:51,933
[casey_]: they heard something if maybe you don't
want people to reach out to you because

916
00:35:52,213 --> 00:35:54,956
[casey_]: more of a private investor and you
do some o the stuff but what is

917
00:35:54,996 --> 00:35:56,678
[casey_]: a good way for people to get
in touch with you if you do want

918
00:35:56,718 --> 00:35:57,459
[casey_]: them to get in touch with you

919
00:35:58,004 --> 00:36:01,329
[blake_choisnet]: yeah you can go to my website
blake shan dot com that last name is

920
00:36:01,409 --> 00:36:06,538
[blake_choisnet]: c h i s n t or
if you're interested in you know learning about

921
00:36:06,578 --> 00:36:09,523
[blake_choisnet]: the burn method and just want to
kind of bein a community it other people

922
00:36:09,543 --> 00:36:14,329
[blake_choisnet]: i'll get put group called burn investing
for rookies um you're welcome to join that

923
00:36:14,389 --> 00:36:18,581
[blake_choisnet]: as well i'm also on oninstagram and
linked in you're welcome to follow me your

924
00:36:18,621 --> 00:36:19,142
[blake_choisnet]: message me there

925
00:36:19,840 --> 00:36:24,588
[casey_]: awesome man thank you so much i
know i hate to take away from family

926
00:36:24,628 --> 00:36:27,312
[casey_]: time to do things like this but
man it's it's great to have you on

927
00:36:27,392 --> 00:36:31,219
[casey_]: here and i hope that we we
we left something here that the listeners can

928
00:36:31,279 --> 00:36:38,170
[casey_]: learn from especially from from your kind
of dialed dialed in single family strategy because

929
00:36:38,471 --> 00:36:40,715
[casey_]: i don't think a lot of people
we don't get a lot of single family

930
00:36:40,775 --> 00:36:43,078
[casey_]: talk on this show we get a
lot of multi family a lot of self

931
00:36:43,139 --> 00:36:47,846
[casey_]: storage talk we don't get a lot
of single family simply because of scale ability

932
00:36:48,027 --> 00:36:48,407
[casey_]: and i think

933
00:36:48,444 --> 00:36:48,606
[blake_choisnet]: yeah

934
00:36:48,488 --> 00:36:52,614
[casey_]: that but it seems to me like
you've really got it dialed in and are

935
00:36:52,654 --> 00:36:56,962
[casey_]: working on it so all right and
i want to remind the listeners to head

936
00:36:57,042 --> 00:37:01,549
[casey_]: down and smash that subscribe button please
and also leave us a review so that

937
00:37:01,609 --> 00:37:06,578
[casey_]: others can see what you liked and
loved about the cash lopropodcast and again blake

938
00:37:06,658 --> 00:37:08,604
[casey_]: thank you so much sir listeners thank
you

939
00:37:08,576 --> 00:37:08,781
[blake_choisnet]: course

940
00:37:08,684 --> 00:37:11,637
[casey_]: for listening i hope everybody has a
wonderful rest of the day