Getting Out of The W2 Rat Race and Welcoming Cash Flow with Margaret Kozlark

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[casey_]: hey there and welcome

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[margaret_kozlark]: the

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[casey_]: to

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[margaret_kozlark]: welcome

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[casey_]: today's episode of cash flow pro your
daily real estate

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[margaret_kozlark]: let

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[casey_]: investing podcast and youtubechannel i'm here today

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[margaret_kozlark]: here to

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[casey_]: with margaret cos lark oblavist right did
i get that right

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[margaret_kozlark]: you sure did yeah both of the
names

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[casey_]: yes good deal i always try to
try to at least make a valiant attempt

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[casey_]: at it so margaret how are you
today

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[margaret_kozlark]: i am doing awesome thank you so
much for having me in the show

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[casey_]: absolutely we're glad you're here we're glad
to have you talk about

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[margaret_kozlark]: i

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[casey_]: i know

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[margaret_kozlark]: oh

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[casey_]: it's the it's the big it's kind
of the marketing technique that we all the

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[casey_]: west and we all that a lot
of people using this industry where um getting

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[casey_]: people out of the w to rat
race getting people out of the

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[margaret_kozlark]: yeah

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[casey_]: out of the day to day grind
and realizing that

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[margaret_kozlark]: i

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[casey_]: there is cash flow on other side
of of

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[margaret_kozlark]: oh

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[casey_]: a little bit of uncomfortable out of
your comfort zone

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[margaret_kozlark]: it's

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[casey_]: area

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[margaret_kozlark]: scary right yeah

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[casey_]: yeah

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[margaret_kozlark]: exactly

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[casey_]: yeah and so so i'm always intrigued
to to get people's take on that and

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[casey_]: how how things kind

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[margaret_kozlark]: a

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[casey_]: of line up in your world and
what what makes you think that what makes

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[casey_]: you want to help people do that
so

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[margaret_kozlark]: so

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[casey_]: why don't you start out

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[margaret_kozlark]: start

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[casey_]: by kind of telling us a little
bit about yourself and we'll

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[margaret_kozlark]: oh

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[casey_]: go from there

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[margaret_kozlark]: sure absolutely so first of all i
feel like i can appreciate this because i

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[margaret_kozlark]: literally walked that walk right so i
did everything you were supposed to do i

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[margaret_kozlark]: went to college i got the business
degree the corporate job worked my

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[casey_]: yeah

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[margaret_kozlark]: way up the ladder to the corner
office was making good money but i was

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[margaret_kozlark]: miserable i was communing long hours via
train into new york city had little kids

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[margaret_kozlark]: that i wasn't seeing and i was
just thinking this there's just got to be

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[margaret_kozlark]: a better way i'm going to do
this for another thirty years this is depressing

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[margaret_kozlark]: so i ended up stopping that job
and taking a job closer to my house

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[margaret_kozlark]: but i was still working full time
and again when you've got kids there's so

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[margaret_kozlark]: much of that time that you're missing
and you just can't get it back

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[casey_]: yep

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[margaret_kozlark]: so i did end up going part
time at one point i consulted but i

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[margaret_kozlark]: was always kind of in the business
world and then at one point i was

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[margaret_kozlark]: working full time again but from home
and a colleague told me that she was

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[margaret_kozlark]: in teaing with a friend named joe
farless who was starting this new stuff called

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[margaret_kozlark]: sindication and

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[casey_]: yep

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[margaret_kozlark]: i had never heard of it and
it was going to be joe's first deal

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[margaret_kozlark]: and i should get in on it
and i was like you know i don't

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[margaret_kozlark]: know for well i don't have any
money which i'll explain how i solved that

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[margaret_kozlark]: one in a minute but i'm like
well let me just let me just kind

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[margaret_kozlark]: of watch you know so she did
a couple deals with him and she started

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[margaret_kozlark]: reporting these amazing returns she was getting
and even

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[casey_]: isn't

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[margaret_kozlark]: more

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[casey_]: it funny

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[margaret_kozlark]: exciting

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[casey_]: just not to interrupt but isn't it
funny

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[margaret_kozlark]: no that's

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[casey_]: how

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[margaret_kozlark]: okay

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[casey_]: there's always people out there like you
just placed yourself in the

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[margaret_kozlark]: no

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[casey_]: position where

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[margaret_kozlark]: ah

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[casey_]: we all want people to be and
that's just watching go

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[margaret_kozlark]: yes

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[casey_]: ahead

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[margaret_kozlark]: well and not only that yes and
open to watching right like not being like

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[margaret_kozlark]: oh this just sounds weird i'm not
doing it i was just kind of like

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[margaret_kozlark]: okay i'm interested i know what i
don't know let me just learn um so

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[margaret_kozlark]: she was doing it and then i
was like okay this is amazing i wanted

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[margaret_kozlark]: so that was problem one gone but
then problem too was i didn't have any

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[margaret_kozlark]: money i was a single at this
point i had three kids where am i

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[margaret_kozlark]: going to get this money you know
to invest and so again and i have

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[margaret_kozlark]: to give our shout out her name
is holly williams thank you holly change my

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[margaret_kozlark]: life and holly basically said listen get
a self directed i are you got this

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[margaret_kozlark]: big fat for one k from your
corporate job and i didn't even know that

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[margaret_kozlark]: that was an option right i had

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[casey_]: most

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[margaret_kozlark]: no

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[casey_]: people

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[margaret_kozlark]: idea

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[casey_]: don't most

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[margaret_kozlark]: they

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[casey_]: people

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[margaret_kozlark]: don't

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[casey_]: don't isn't

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[margaret_kozlark]: and

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[casey_]: it

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[margaret_kozlark]: the

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[casey_]: crazy

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[margaret_kozlark]: crees and then the really crazy thing
case is that not only do they not

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[margaret_kozlark]: know about it they just really you
give this to somebody else just okay i

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[margaret_kozlark]: want high risk low risk go make
money for me

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[casey_]: yep

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[margaret_kozlark]: and people are it involved and i
say this because i was one of them

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[margaret_kozlark]: right

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[casey_]: yep

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[margaret_kozlark]: so once i got it converted i
put fifty grant in my first deal two

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[margaret_kozlark]: and a half years later that fifty
grand had grown to seventy eight grand and

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[margaret_kozlark]: i'm like okay i like this and
then it was lather rents repeat from there

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[casey_]: i could get used to these returns
and

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[margaret_kozlark]: absolutely

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[casey_]: and matter of fact might go to
on this podcastanas any of my listeners would

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[casey_]: gladly tell you i'm sure is in
it funny how we as real estate indicators

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[casey_]: who basically hold the key to one
of the most secure safe

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[margaret_kozlark]: a

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[casey_]: investments that actually has something real tangible
real estate behind it have

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[margaret_kozlark]: hm

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[casey_]: to basically disclose disclose disclose disclose disclose
disclose disclose and then disclosed that we disclosed

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[casey_]: all those right

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[margaret_kozlark]: exactly

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[casey_]: and then but yet and again i
just went into this on my last

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[margaret_kozlark]: a

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[casey_]: the last episode i did so i'm
not gonna spend too much time on because

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[casey_]: my listeners are probably weary of it
but but then you turn around and there's

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[casey_]: the burning made office of this world
who didn't have to disclose a damn thing

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[casey_]: and they ran

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[margaret_kozlark]: right

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[casey_]: off with the money and everybody's going

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[margaret_kozlark]: i

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[casey_]: no nobody told me that that could

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[margaret_kozlark]: right

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[casey_]: happen

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[margaret_kozlark]: how did this yeah exactly how could
that

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[casey_]: and

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[margaret_kozlark]: happen

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[casey_]: so when we look at this and
i just i start

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[margaret_kozlark]: a

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[casey_]: looking at the barricades that wall street
is built i look at the mote that

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[casey_]: they've built around there their industry and
again you always

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[margaret_kozlark]: you

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[casey_]: hear

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[margaret_kozlark]: always

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[casey_]: people

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[margaret_kozlark]: hear

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[casey_]: that are working the nine to five
say o my retirement account i'm invested in

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[casey_]: the stock market

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[margaret_kozlark]: of

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[casey_]: i

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[margaret_kozlark]: course yea or mutual

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[casey_]: they don't

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[margaret_kozlark]: funds don't

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[casey_]: but

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[margaret_kozlark]: even get

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[casey_]: why

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[margaret_kozlark]: me started

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[casey_]: why

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[margaret_kozlark]: on those

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[casey_]: can't why can't i'm invested in the
real estate market be the same why can't

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[casey_]: that

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[margaret_kozlark]: can't

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[casey_]: roll off their tongue as well invested
in the real estate market

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[margaret_kozlark]: so i have a couple

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[casey_]: no

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[margaret_kozlark]: of theories about that one is that
because i think we are so indoctrinated really

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[casey_]: yep

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[margaret_kozlark]: if you think about it you know
just from from the time we're young

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[casey_]: ye

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[margaret_kozlark]: even in high school i'm always saying
there needs be financial classes and some of

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[margaret_kozlark]: them have it but what are they
there how to invest in the stock market

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[margaret_kozlark]: right here's fake money go make a
portfolio nobody's ever talking about you know cash

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[margaret_kozlark]: flow how debt can be good if
you use it as leverage none of these

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[margaret_kozlark]: things

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[casey_]: yep

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[margaret_kozlark]: so i think part of it to
your point is it's a very systemic sort

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[margaret_kozlark]: of education that that's always going on
where people just can't even think of anything

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[margaret_kozlark]: outside of the stock get to the
point where if they do think about real

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[margaret_kozlark]: estate then they think okay that just
feels too risky right there's something wrong with

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[margaret_kozlark]: it when the reality is that multi
family is one of the more session resistant

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[margaret_kozlark]: acid classes certainly then stocks but it's
education you know and it's just people have

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[margaret_kozlark]: to learn

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[casey_]: well

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[margaret_kozlark]: in like you said right

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[casey_]: and

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[margaret_kozlark]: place

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[casey_]: that's

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[margaret_kozlark]: right

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[casey_]: what

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[margaret_kozlark]: time

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[casey_]: that's what we as an industry have
to have to put forth is our education

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[casey_]: and a lot of times and i'll
tell you

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[margaret_kozlark]: yeah

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[casey_]: it's gonna it's going to be more
difficult as time goes on because you know

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[casey_]: i can't i can't remember the exact
the exact numbers that fit in here but

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[casey_]: but the american or the adult attention
span has gone from like something crazy like

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[margaret_kozlark]: it's

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[casey_]: from

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[margaret_kozlark]: like

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[casey_]: twelve

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[margaret_kozlark]: a net

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[casey_]: minutes it's gone from like twelve minutes
to like um like two seconds or something

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[casey_]: it's

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[margaret_kozlark]: yeah

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[casey_]: it's something it's it's it's exponentially smaller
than what it was and so

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[margaret_kozlark]: so

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[casey_]: trying to teach people any of these
concepts has to be done through stories that

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[casey_]: has to be done through

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[margaret_kozlark]: yeah

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[casey_]: witnessing just like you said witnessing what's
going on over here and the other part

215
00:07:37,737 --> 00:07:43,427
[casey_]: of this that that the real estate
industry is is really not doing all that

216
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[casey_]: well is is any any presentations that
i've gotten up or went to see like

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[casey_]: say webinarge for potential investments and so
on right and

218
00:07:55,672 --> 00:07:55,858
[margaret_kozlark]: yeah

219
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[casey_]: like these presenters they've got a hundred
and twenty five

220
00:08:01,335 --> 00:08:01,355
[margaret_kozlark]: i

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[casey_]: slide long presentation

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[margaret_kozlark]: oh god

223
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[casey_]: at lasts an hour and a half

224
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[margaret_kozlark]: right

225
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[casey_]: and all it does is dissect numbers
and capital stacks and per and

226
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[margaret_kozlark]: and you're losing people

227
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[casey_]: the percentage is that and when when
really i've had multiple multiple passive investors on

228
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[casey_]: this show right here

229
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[margaret_kozlark]: hm

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[casey_]: that the very first one i'll ever
forget it i asked her and i was

231
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[casey_]: like i was so taken

232
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[margaret_kozlark]: okay

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[casey_]: back with her answer when i said
what do you look for when what's the

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[casey_]: first thing you look for when trying
to decide whether you're going to make an

235
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[casey_]: investment with individual right and she said
you're going to kill me when i say

236
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[casey_]: this and i said no i want
to know because i think i think you're

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[casey_]: you're you're the there's a common thread
that runs runs through everybody that's that's

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[margaret_kozlark]: right

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[casey_]: a passive investor il pas investor she
said i go

240
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[margaret_kozlark]: so

241
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[casey_]: with my gut and i said excuse
me

242
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[margaret_kozlark]: uh

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[casey_]: like

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[margaret_kozlark]: h

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[casey_]: gut she

246
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[margaret_kozlark]: yeah

247
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[casey_]: said yes i go with my gut
do i trust this person with my money

248
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[casey_]: and

249
00:09:04,970 --> 00:09:05,130
[margaret_kozlark]: which

250
00:09:05,039 --> 00:09:05,222
[casey_]: i was

251
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[margaret_kozlark]: is

252
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[casey_]: like

253
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[margaret_kozlark]: obviously important but that's interesting because how
many people loved burney to your point right

254
00:09:11,461 --> 00:09:13,043
[margaret_kozlark]: but i think it is i think
it's

255
00:09:13,016 --> 00:09:13,140
[casey_]: what

256
00:09:13,304 --> 00:09:17,090
[margaret_kozlark]: the owners is on us to make
a relationship but also like you say to

257
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[margaret_kozlark]: simplify these very complex terms and topics
and just speak as simply as possible

258
00:09:22,946 --> 00:09:23,067
[casey_]: but

259
00:09:23,277 --> 00:09:24,178
[margaret_kozlark]: to help people understand

260
00:09:24,068 --> 00:09:28,736
[casey_]: but the bottom line is too and
and and it's almost it's almost getting i've

261
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[casey_]: almost heard it enough that to me
it's almost infinitely more important than one more

262
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[casey_]: important than the other and it's the
thought and listen to this very carefully listeners

263
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[casey_]: out there listen to this very very
carefully return of

264
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[margaret_kozlark]: oh

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[casey_]: capital is

266
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[margaret_kozlark]: this is

267
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[casey_]: more

268
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[margaret_kozlark]: return

269
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[casey_]: important

270
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[margaret_kozlark]: on capital

271
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[casey_]: than return on capital and it's

272
00:09:52,072 --> 00:09:52,360
[margaret_kozlark]: and it's

273
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[casey_]: it's it's not quite infinitely more important
but i guarantee you if you were to

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[casey_]: break those two thing is up in
a hundred like if you had a hundred

275
00:10:00,849 --> 00:10:02,873
[casey_]: per cent pie and you were to
break

276
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[margaret_kozlark]: hm

277
00:10:02,973 --> 00:10:04,616
[casey_]: up return of capital

278
00:10:04,393 --> 00:10:04,413
[margaret_kozlark]: o

279
00:10:04,656 --> 00:10:10,385
[casey_]: and return on capital i'd bet return
of and this pie being somebody's decision

280
00:10:10,633 --> 00:10:10,817
[margaret_kozlark]: should

281
00:10:10,667 --> 00:10:10,949
[casey_]: king

282
00:10:10,919 --> 00:10:11,082
[margaret_kozlark]: make

283
00:10:12,496 --> 00:10:13,297
[casey_]: way of thinking

284
00:10:13,211 --> 00:10:13,935
[margaret_kozlark]: process yeah

285
00:10:13,998 --> 00:10:18,285
[casey_]: return of capital is probably ninety percent
of it

286
00:10:19,820 --> 00:10:23,186
[margaret_kozlark]: well yeah i mean nobody you know
nobody wants to give this money and that's

287
00:10:23,486 --> 00:10:28,074
[margaret_kozlark]: that's another thing there's barriers eventually right
so aside from all the crazy disclosures usually

288
00:10:28,134 --> 00:10:31,560
[margaret_kozlark]: fifty grand is the minimum sometimes more
that is a big chunk of money

289
00:10:31,766 --> 00:10:31,927
[casey_]: yeah

290
00:10:31,880 --> 00:10:31,960
[margaret_kozlark]: to

291
00:10:31,967 --> 00:10:32,028
[casey_]: it

292
00:10:32,020 --> 00:10:32,161
[margaret_kozlark]: put

293
00:10:32,249 --> 00:10:32,270
[casey_]: s

294
00:10:32,261 --> 00:10:32,361
[margaret_kozlark]: out

295
00:10:33,258 --> 00:10:33,298
[casey_]: s

296
00:10:33,302 --> 00:10:36,448
[margaret_kozlark]: and it's not liquid right so it's
not like a stock you can buy it

297
00:10:36,528 --> 00:10:40,915
[margaret_kozlark]: one day sell it the next it's
scary so i totally understand why people would

298
00:10:40,975 --> 00:10:44,241
[margaret_kozlark]: be focused on that wanting to make
sure at least there their money back

299
00:10:44,646 --> 00:10:44,866
[casey_]: well

300
00:10:44,943 --> 00:10:45,104
[margaret_kozlark]: yeah

301
00:10:44,946 --> 00:10:48,512
[casey_]: and and and that that illequidity is

302
00:10:48,600 --> 00:10:48,944
[margaret_kozlark]: yes

303
00:10:48,753 --> 00:10:58,791
[casey_]: in my opinion what what that's the
government attempt at stopping the mediate escape of

304
00:10:58,991 --> 00:11:00,695
[casey_]: investors in commercial real estate

305
00:11:01,730 --> 00:11:01,873
[margaret_kozlark]: yeah

306
00:11:01,836 --> 00:11:08,444
[casey_]: like because what happened i know eight
o nine was a commercial real estate was

307
00:11:08,524 --> 00:11:15,898
[casey_]: really the main that was really the
main suspect and the whole deal

308
00:11:16,450 --> 00:11:16,614
[margaret_kozlark]: yeah

309
00:11:16,539 --> 00:11:19,844
[casey_]: was people all of a sudden they
were like up up up up boom they

310
00:11:19,884 --> 00:11:21,527
[casey_]: pulled their money out everybody

311
00:11:21,520 --> 00:11:21,664
[margaret_kozlark]: yeah

312
00:11:21,567 --> 00:11:29,058
[casey_]: did at the same time right and
so that created that that whole ramatic exit

313
00:11:28,860 --> 00:11:29,850
[margaret_kozlark]: yeah

314
00:11:29,119 --> 00:11:30,449
[casey_]: we know of a

315
00:11:30,510 --> 00:11:30,610
[margaret_kozlark]: but

316
00:11:30,529 --> 00:11:30,690
[casey_]: lot

317
00:11:30,691 --> 00:11:30,751
[margaret_kozlark]: as

318
00:11:30,751 --> 00:11:30,811
[casey_]: of

319
00:11:30,851 --> 00:11:33,595
[margaret_kozlark]: i tell people it's not two thousand
eight any more and i

320
00:11:33,616 --> 00:11:33,737
[casey_]: it's

321
00:11:33,655 --> 00:11:33,776
[margaret_kozlark]: mean

322
00:11:33,818 --> 00:11:34,020
[casey_]: not

323
00:11:33,836 --> 00:11:37,762
[margaret_kozlark]: there are exactly it's not the same
situation it's not the same market and by

324
00:11:37,822 --> 00:11:41,669
[margaret_kozlark]: the way i'm also a residential real
estate agent so i'm also very involved in

325
00:11:41,709 --> 00:11:43,114
[margaret_kozlark]: the reside al aspect as well

326
00:11:42,986 --> 00:11:43,627
[casey_]: my wife is

327
00:11:43,616 --> 00:11:43,696
[margaret_kozlark]: and

328
00:11:43,747 --> 00:11:43,908
[casey_]: too

329
00:11:43,837 --> 00:11:43,937
[margaret_kozlark]: so

330
00:11:44,088 --> 00:11:46,674
[casey_]: so i'm more involved than i want
to be for sure

331
00:11:47,521 --> 00:11:51,147
[margaret_kozlark]: so you get it yes so you
completely see it but you know getting back

332
00:11:51,188 --> 00:11:54,713
[margaret_kozlark]: to what you were saying about things
being scary you know what i usually tell

333
00:11:54,794 --> 00:11:57,839
[margaret_kozlark]: people is when you were young and
i'm sure you did and i did most

334
00:11:57,919 --> 00:12:02,587
[margaret_kozlark]: of us play monopoly right monopoly was
a great way to simplify the power of

335
00:12:02,647 --> 00:12:07,094
[margaret_kozlark]: buying real estate would you ever play
a monopoly game case where you said you

336
00:12:07,134 --> 00:12:09,799
[margaret_kozlark]: know what i'm not going to buy
any real estate i'm just going to get

337
00:12:09,839 --> 00:12:12,302
[margaret_kozlark]: my pay check i'll just pay it
i'll pay in a rent all the way

338
00:12:12,342 --> 00:12:12,843
[margaret_kozlark]: around the board and

339
00:12:12,850 --> 00:12:12,973
[casey_]: right

340
00:12:12,863 --> 00:12:13,944
[margaret_kozlark]: i'll get some and i'll do it
again

341
00:12:14,556 --> 00:12:15,246
[casey_]: oh

342
00:12:14,585 --> 00:12:17,549
[margaret_kozlark]: and yet that's what people do that's
what they do right

343
00:12:18,056 --> 00:12:19,738
[casey_]: yep i'll tell you a funny

344
00:12:19,731 --> 00:12:19,833
[margaret_kozlark]: you

345
00:12:19,818 --> 00:12:28,473
[casey_]: story like my mother was a single
mother like yourself at one point and i

346
00:12:28,533 --> 00:12:37,427
[casey_]: think the only time she ever truly
considered kicking me out of the family was

347
00:12:38,330 --> 00:12:39,314
[casey_]: when we played monopoly

348
00:12:41,060 --> 00:12:41,782
[margaret_kozlark]: you were so good at it

349
00:12:42,216 --> 00:12:44,960
[casey_]: yeah and i was always like it's
called monopoly mom it's not

350
00:12:45,060 --> 00:12:45,421
[margaret_kozlark]: oh

351
00:12:45,060 --> 00:12:47,363
[casey_]: called it's not called lo my a
hunter buck so

352
00:12:47,400 --> 00:12:48,660
[margaret_kozlark]: oh

353
00:12:47,443 --> 00:12:48,425
[casey_]: i could make it to the next

354
00:12:48,900 --> 00:12:49,242
[margaret_kozlark]: oh

355
00:12:49,026 --> 00:12:52,672
[casey_]: place it's called it's called the winter
gets it all right

356
00:12:52,920 --> 00:12:53,080
[margaret_kozlark]: yeah

357
00:12:53,433 --> 00:12:54,815
[casey_]: and and anyway and

358
00:12:54,929 --> 00:12:55,089
[margaret_kozlark]: right

359
00:12:55,236 --> 00:12:55,617
[casey_]: i was just

360
00:12:55,642 --> 00:12:55,744
[margaret_kozlark]: how

361
00:12:55,677 --> 00:12:57,219
[casey_]: such a pompous ass about

362
00:12:57,360 --> 00:12:57,761
[margaret_kozlark]: oh

363
00:12:57,460 --> 00:13:01,767
[casey_]: always and i think that's what that's
what really drove the drow the nail even

364
00:13:01,827 --> 00:13:04,751
[casey_]: deeper was when i would win i
would laugh or whatever you know and

365
00:13:05,190 --> 00:13:05,433
[margaret_kozlark]: oh

366
00:13:05,431 --> 00:13:06,052
[casey_]: and anyway

367
00:13:06,429 --> 00:13:06,450
[margaret_kozlark]: h

368
00:13:06,473 --> 00:13:06,813
[casey_]: it was it

369
00:13:06,780 --> 00:13:06,900
[margaret_kozlark]: well

370
00:13:06,873 --> 00:13:06,953
[casey_]: was

371
00:13:06,920 --> 00:13:07,020
[margaret_kozlark]: i'll

372
00:13:07,034 --> 00:13:07,154
[casey_]: all

373
00:13:07,040 --> 00:13:11,428
[margaret_kozlark]: tell you quick side bar about monopoly
strategies so i from a family of five

374
00:13:11,488 --> 00:13:15,014
[margaret_kozlark]: so we played monopoly a lot but
everybody had a different strategy right so like

375
00:13:15,394 --> 00:13:19,721
[margaret_kozlark]: my one sister would just buy anything
she landed on my other sister wanted the

376
00:13:19,761 --> 00:13:24,349
[margaret_kozlark]: really high end stuff like board walk
i would try to get the first stretch

377
00:13:24,489 --> 00:13:27,134
[margaret_kozlark]: right like ideally the baltic and mediterranean

378
00:13:26,667 --> 00:13:26,949
[casey_]: alta

379
00:13:27,214 --> 00:13:27,274
[margaret_kozlark]: or

380
00:13:27,271 --> 00:13:27,291
[casey_]: p

381
00:13:27,314 --> 00:13:31,180
[margaret_kozlark]: the light blues it wasn't a lot
but you could get hotels on quick and

382
00:13:31,261 --> 00:13:34,266
[margaret_kozlark]: you know being grab that two hundred
dollars every time people came around

383
00:13:34,686 --> 00:13:34,809
[casey_]: yep

384
00:13:34,847 --> 00:13:37,972
[margaret_kozlark]: and people would laugh because i would
win that way of course i would expand

385
00:13:38,012 --> 00:13:42,259
[margaret_kozlark]: my portfolio but i buy cheap and
get the hotel set and it always worked

386
00:13:42,616 --> 00:13:45,480
[casey_]: yep yep that's exactly right and and

387
00:13:45,519 --> 00:13:45,540
[margaret_kozlark]: h

388
00:13:45,901 --> 00:13:47,444
[casey_]: it was all about the cash flow

389
00:13:47,942 --> 00:13:48,764
[margaret_kozlark]: absolutely

390
00:13:48,285 --> 00:13:49,126
[casey_]: all about the cash

391
00:13:49,105 --> 00:13:49,386
[margaret_kozlark]: yes

392
00:13:49,207 --> 00:13:51,811
[casey_]: flow and it's it's such a it's
such an intriguing

393
00:13:51,540 --> 00:13:51,660
[margaret_kozlark]: ye

394
00:13:51,871 --> 00:13:52,372
[casey_]: game because

395
00:13:52,608 --> 00:13:52,749
[margaret_kozlark]: yes

396
00:13:52,692 --> 00:13:58,559
[casey_]: like right there in the last two
cent is half paragraph you listed like four

397
00:13:58,599 --> 00:13:59,941
[casey_]: different strategies you know

398
00:14:00,873 --> 00:14:01,073
[margaret_kozlark]: yeah

399
00:14:01,162 --> 00:14:04,064
[casey_]: buy everything by high end by low

400
00:14:04,246 --> 00:14:05,169
[margaret_kozlark]: hm

401
00:14:04,345 --> 00:14:06,506
[casey_]: end live off

402
00:14:06,440 --> 00:14:06,583
[margaret_kozlark]: yeah

403
00:14:06,546 --> 00:14:07,007
[casey_]: the income

404
00:14:07,790 --> 00:14:08,213
[margaret_kozlark]: exactly

405
00:14:08,029 --> 00:14:09,311
[casey_]: so anyway now

406
00:14:09,200 --> 00:14:09,603
[margaret_kozlark]: exactly

407
00:14:09,551 --> 00:14:13,298
[casey_]: it's it's great so so why don't
why don't we talk a little bit about

408
00:14:13,398 --> 00:14:14,760
[casey_]: noble vest and

409
00:14:14,647 --> 00:14:14,887
[margaret_kozlark]: sure

410
00:14:16,122 --> 00:14:17,485
[casey_]: and and tell us a little

411
00:14:17,413 --> 00:14:17,475
[margaret_kozlark]: we

412
00:14:17,505 --> 00:14:19,368
[casey_]: bit about what all got going on
there how it got

413
00:14:19,370 --> 00:14:19,471
[margaret_kozlark]: how

414
00:14:19,448 --> 00:14:27,043
[casey_]: started i know i believe it or
not come also from a real estate sales

415
00:14:27,103 --> 00:14:33,874
[casey_]: background as with most everybody in the
from the residential space which which i'll tell

416
00:14:33,894 --> 00:14:37,507
[casey_]: you there's going to come a day
when when i don't have to you know

417
00:14:37,727 --> 00:14:41,313
[casey_]: when when i guess my kids grow
up and move out of the house where

418
00:14:41,353 --> 00:14:42,074
[casey_]: i can afford

419
00:14:42,090 --> 00:14:42,356
[margaret_kozlark]: uh

420
00:14:42,154 --> 00:14:42,255
[casey_]: to

421
00:14:42,909 --> 00:14:42,930
[margaret_kozlark]: h

422
00:14:43,016 --> 00:14:43,477
[casey_]: not have

423
00:14:43,383 --> 00:14:43,466
[margaret_kozlark]: no

424
00:14:43,557 --> 00:14:45,099
[casey_]: to deal with that end

425
00:14:45,130 --> 00:14:45,294
[margaret_kozlark]: yeah

426
00:14:45,159 --> 00:14:48,825
[casey_]: of the business but um but so
tell us a little bit about

427
00:14:49,101 --> 00:14:49,770
[margaret_kozlark]: yeah

428
00:14:49,226 --> 00:14:53,534
[casey_]: yourself and and and what you all
look like right now

429
00:14:54,270 --> 00:14:58,497
[margaret_kozlark]: sure absolutely so so first of all
i've only been a real estate agent for

430
00:14:58,537 --> 00:15:04,166
[margaret_kozlark]: about four years my background was in
corporate market and media research so i started

431
00:15:04,018 --> 00:15:04,159
[casey_]: as

432
00:15:04,206 --> 00:15:09,195
[margaret_kozlark]: my job as an analyst neilson t
v ratings you probably heard of them and

433
00:15:09,255 --> 00:15:12,620
[margaret_kozlark]: i did a lot of analyzing of
data and what show was was going to

434
00:15:12,761 --> 00:15:16,487
[margaret_kozlark]: perform better than that sort of thing
then i moved over to the market research

435
00:15:16,567 --> 00:15:20,432
[margaret_kozlark]: side and i was working with some
big companies you know like pepsy and varizon

436
00:15:20,552 --> 00:15:24,356
[margaret_kozlark]: and an hazar bush was a big
client doing a lot of like things like

437
00:15:24,416 --> 00:15:30,194
[margaret_kozlark]: focus groups and more qualitative research so
i ended up leaving that industry in twenty

438
00:15:30,234 --> 00:15:35,102
[margaret_kozlark]: nineteen and decided to go full time
into real estate and that's when i got

439
00:15:35,182 --> 00:15:40,071
[margaret_kozlark]: my agency license at the same time
by that point i had been investing passively

440
00:15:40,191 --> 00:15:44,157
[margaret_kozlark]: by about at least three years i
think at that point and so i had

441
00:15:44,197 --> 00:15:47,523
[margaret_kozlark]: a little bit of a reserve but
also more importantly you know a lot of

442
00:15:47,583 --> 00:15:52,111
[margaret_kozlark]: friends and family like i did with
my friend were saying what so you're doing

443
00:15:52,151 --> 00:15:54,995
[margaret_kozlark]: with real estate like can you tell
me about this you know i want to

444
00:15:55,015 --> 00:15:59,162
[margaret_kozlark]: know about this so i formed a
very small company you know called m g

445
00:15:59,463 --> 00:16:02,668
[margaret_kozlark]: h properties where i was sort of
you know helping people to invest in that

446
00:16:02,708 --> 00:16:05,753
[margaret_kozlark]: sort of thing but i wasn't as
active with it because i was only one

447
00:16:05,813 --> 00:16:10,682
[margaret_kozlark]: person right and i still have to
pay the bills but then my colleague christine

448
00:16:10,742 --> 00:16:15,409
[margaret_kozlark]: shoe my co founder and i met
christine also came from a market research back

449
00:16:15,510 --> 00:16:19,576
[margaret_kozlark]: and i believe she was actually on
your show a few weeks back and and

450
00:16:19,616 --> 00:16:23,823
[margaret_kozlark]: we just had a really nice complimentary
skill set so we decided to go into

451
00:16:23,843 --> 00:16:24,505
[margaret_kozlark]: business together

452
00:16:24,456 --> 00:16:25,021
[casey_]: yes

453
00:16:24,785 --> 00:16:30,034
[margaret_kozlark]: so nobly vest i've been doing for
six years nobly vested as a company is

454
00:16:30,114 --> 00:16:34,421
[margaret_kozlark]: only about one year old but in
that time christine and i have already done

455
00:16:34,581 --> 00:16:41,012
[margaret_kozlark]: about four different deals we've done a
portfolio a large portfolio of multi family we've

456
00:16:41,052 --> 00:16:45,099
[margaret_kozlark]: done a smaller portfolio multi family work
doing a short term rental fun right now

457
00:16:45,740 --> 00:16:50,027
[margaret_kozlark]: and we're also talking about doing some
r v parks so we've had we've been

458
00:16:50,107 --> 00:16:55,717
[margaret_kozlark]: fortunate that we have had lot of
opportunities to partner with operators and because both

459
00:16:55,777 --> 00:16:58,802
[margaret_kozlark]: of us were l p s you
know we get to partner with the people

460
00:16:58,922 --> 00:17:01,005
[margaret_kozlark]: for the most part that we have
invested with personally

461
00:17:01,666 --> 00:17:01,786
[casey_]: yeah

462
00:17:01,727 --> 00:17:02,247
[margaret_kozlark]: right so

463
00:17:02,430 --> 00:17:02,591
[casey_]: yeah

464
00:17:02,788 --> 00:17:08,241
[margaret_kozlark]: it's it's love this industry because there's
so much abundance but it's also relatively small

465
00:17:08,362 --> 00:17:11,048
[margaret_kozlark]: right you start seeing the same names
around and you know

466
00:17:11,006 --> 00:17:12,029
[casey_]: yeah yeah and i

467
00:17:12,010 --> 00:17:13,680
[margaret_kozlark]: yeah

468
00:17:12,109 --> 00:17:16,108
[casey_]: want to i want to i want
to kind of dive in just i'm gonna

469
00:17:16,589 --> 00:17:18,772
[casey_]: i'm gonna worm my way in

470
00:17:18,800 --> 00:17:18,981
[margaret_kozlark]: yeah

471
00:17:18,833 --> 00:17:19,614
[casey_]: there and i'm gonna talk

472
00:17:19,646 --> 00:17:19,787
[margaret_kozlark]: it's

473
00:17:19,694 --> 00:17:19,894
[casey_]: to you

474
00:17:19,868 --> 00:17:20,110
[margaret_kozlark]: fine

475
00:17:19,914 --> 00:17:24,903
[casey_]: a little bit about because we don't
get a lot i certainly understand the idea

476
00:17:25,003 --> 00:17:29,329
[casey_]: and the premise of a fund um
i think a lot of the listeners probably

477
00:17:29,469 --> 00:17:32,092
[casey_]: would like to learn a little more
about a fun

478
00:17:32,162 --> 00:17:32,242
[margaret_kozlark]: oh

479
00:17:32,212 --> 00:17:32,472
[casey_]: because

480
00:17:32,364 --> 00:17:32,586
[margaret_kozlark]: sure

481
00:17:32,873 --> 00:17:38,436
[casey_]: it seems like it's a very it's
a very popular entry point but it's a

482
00:17:38,516 --> 00:17:38,757
[casey_]: very

483
00:17:38,723 --> 00:17:38,784
[margaret_kozlark]: h

484
00:17:38,918 --> 00:17:42,137
[casey_]: difficult set up if you're new okay

485
00:17:42,770 --> 00:17:43,013
[margaret_kozlark]: yes

486
00:17:42,822 --> 00:17:46,077
[casey_]: and so i want to specifically

487
00:17:46,153 --> 00:17:46,236
[margaret_kozlark]: to

488
00:17:46,478 --> 00:17:46,838
[casey_]: i want to

489
00:17:47,055 --> 00:17:47,610
[margaret_kozlark]: hm

490
00:17:47,359 --> 00:17:50,363
[casey_]: stop hidden here and talk about your
short term rental fund

491
00:17:50,860 --> 00:17:51,001
[margaret_kozlark]: sure

492
00:17:50,884 --> 00:17:54,226
[casey_]: not necessarily like what

493
00:17:54,610 --> 00:17:54,691
[margaret_kozlark]: the

494
00:17:54,767 --> 00:17:54,827
[casey_]: we

495
00:17:54,791 --> 00:17:55,212
[margaret_kozlark]: structure

496
00:17:54,887 --> 00:17:55,268
[casey_]: know what it

497
00:17:55,293 --> 00:17:55,333
[margaret_kozlark]: of

498
00:17:55,348 --> 00:17:55,488
[casey_]: is

499
00:17:55,413 --> 00:17:55,473
[margaret_kozlark]: it

500
00:17:55,649 --> 00:17:59,796
[casey_]: but i want to know yes so
so so where are you finding investors i'm

501
00:17:59,896 --> 00:18:04,584
[casey_]: assuming they're probably past investors hat you're
saying hey would you like to continue

502
00:18:05,196 --> 00:18:05,790
[margaret_kozlark]: hm

503
00:18:06,146 --> 00:18:09,993
[casey_]: the return on your money let's go
from from one two three main street hndranfifty

504
00:18:10,213 --> 00:18:11,716
[casey_]: it complex here and let's

505
00:18:11,701 --> 00:18:11,784
[margaret_kozlark]: ah

506
00:18:11,856 --> 00:18:14,861
[casey_]: put your money here and we're going
to be managing it on the short terminal

507
00:18:14,921 --> 00:18:21,169
[casey_]: side so but from from from a
c c standpoint and so on let's

508
00:18:21,216 --> 00:18:21,810
[margaret_kozlark]: hm

509
00:18:21,369 --> 00:18:23,411
[casey_]: let's just dig into that so tell
us what is

510
00:18:23,371 --> 00:18:23,512
[margaret_kozlark]: sure

511
00:18:23,471 --> 00:18:27,195
[casey_]: it called an how did it get
started and what does it look like

512
00:18:27,790 --> 00:18:32,137
[margaret_kozlark]: sure so this particular fun is called
the freedom s t r fund for short

513
00:18:32,197 --> 00:18:36,745
[margaret_kozlark]: term rental fund and it is a
fund of funds in that as you mentioned

514
00:18:36,785 --> 00:18:40,811
[margaret_kozlark]: we're essentially gathering a group of people
and where we go in as a single

515
00:18:41,012 --> 00:18:46,421
[margaret_kozlark]: entity into another investment so there's a
couple of things that are a little bit

516
00:18:46,441 --> 00:18:51,389
[margaret_kozlark]: different about it you know one is
for us as the fund managers when you

517
00:18:51,810 --> 00:18:56,317
[margaret_kozlark]: have an arrangement where you are a
co general partner on a deal you have

518
00:18:56,377 --> 00:18:59,182
[margaret_kozlark]: to show to the s c c
that you're doing more than just capital raising

519
00:18:59,282 --> 00:19:04,270
[margaret_kozlark]: that you're involved in the asset management
of the deal and for us being up

520
00:19:04,331 --> 00:19:06,374
[margaret_kozlark]: in the north east you know we
can't walk the

521
00:19:06,366 --> 00:19:07,026
[casey_]: yeah

522
00:19:06,394 --> 00:19:11,543
[margaret_kozlark]: property so we're usually involved with marketing
tenant relations investor relations that sort of thing

523
00:19:11,943 --> 00:19:15,409
[margaret_kozlark]: but you have to document and show
that you are doing something other than just

524
00:19:15,469 --> 00:19:19,137
[margaret_kozlark]: raising capital when you do a fund
of funds you don't have to do that

525
00:19:19,337 --> 00:19:24,328
[margaret_kozlark]: because you're essentially just going in as
an l p i'll be a larger l

526
00:19:24,388 --> 00:19:31,059
[margaret_kozlark]: p so in this particular case we
got together a group of investors and we

527
00:19:31,139 --> 00:19:37,690
[margaret_kozlark]: are going in as this as this
freedom short term rental and there a couple

528
00:19:37,750 --> 00:19:43,480
[margaret_kozlark]: of reasons or ways that sometimes it's
beneficial for investors so for this particular one

529
00:19:43,840 --> 00:19:47,727
[margaret_kozlark]: they are only accepting fund of funds
the operator so it's not like you could

530
00:19:47,947 --> 00:19:51,894
[margaret_kozlark]: buy pass a fund and say just
want to go and you know invest directly

531
00:19:52,196 --> 00:19:52,299
[casey_]: yep

532
00:19:52,835 --> 00:19:56,101
[margaret_kozlark]: but a lot of times like with
the other one we also did another fund

533
00:19:56,181 --> 00:20:01,870
[margaret_kozlark]: called eagle rock that went into the
large ones and with that particular one actual

534
00:20:01,991 --> 00:20:06,979
[margaret_kozlark]: opportunity had a minimum of a hundred
thousand dollars we lowered that minimum to fifty

535
00:20:07,039 --> 00:20:08,341
[margaret_kozlark]: thousand so for

536
00:20:08,386 --> 00:20:08,547
[casey_]: you're

537
00:20:08,441 --> 00:20:08,662
[margaret_kozlark]: people

538
00:20:08,607 --> 00:20:08,908
[casey_]: fine

539
00:20:08,722 --> 00:20:08,982
[margaret_kozlark]: who are

540
00:20:08,968 --> 00:20:09,831
[casey_]: through your find

541
00:20:10,164 --> 00:20:12,087
[margaret_kozlark]: through our fund correct

542
00:20:11,866 --> 00:20:13,588
[casey_]: yeah which allows you which basically

543
00:20:13,591 --> 00:20:14,013
[margaret_kozlark]: basically

544
00:20:13,829 --> 00:20:16,033
[casey_]: so so i want to i want
to point this out for the listeners so

545
00:20:16,113 --> 00:20:22,543
[casey_]: basically what's happening here is these fund
managers of sorts are basically

546
00:20:22,302 --> 00:20:23,130
[margaret_kozlark]: my

547
00:20:22,603 --> 00:20:29,571
[casey_]: putting the investor relations business back on
other people so they're leveraging they're leveraging networks

548
00:20:29,651 --> 00:20:31,293
[casey_]: through now i want

549
00:20:31,299 --> 00:20:31,320
[margaret_kozlark]: m

550
00:20:31,334 --> 00:20:31,814
[casey_]: to stop you

551
00:20:31,871 --> 00:20:31,972
[margaret_kozlark]: to

552
00:20:31,935 --> 00:20:33,317
[casey_]: real quick because

553
00:20:33,150 --> 00:20:34,050
[margaret_kozlark]: oh

554
00:20:33,858 --> 00:20:37,223
[casey_]: i heard just yesterday and maybe you
can expand on this and maybe we need

555
00:20:37,283 --> 00:20:42,909
[casey_]: to get a d legal opinion on
it but i think the s c c

556
00:20:43,149 --> 00:20:43,670
[casey_]: is starting

557
00:20:43,745 --> 00:20:43,766
[margaret_kozlark]: a

558
00:20:43,770 --> 00:20:50,441
[casey_]: to crack down on this co g
p stuff as well they should i guess

559
00:20:50,521 --> 00:20:58,359
[casey_]: in a way because it is seemingly
um becoming more and more of a pass

560
00:20:58,439 --> 00:21:06,261
[casey_]: to a bye pass for you know
what i'm saying like like they're going into

561
00:21:06,541 --> 00:21:08,765
[casey_]: five or six be there's a lot
of people going into these five or six

562
00:21:08,865 --> 00:21:10,247
[casey_]: bees or five

563
00:21:10,090 --> 00:21:10,231
[margaret_kozlark]: yeah

564
00:21:11,449 --> 00:21:15,115
[casey_]: as a co g p and they're
basically by passing

565
00:21:15,145 --> 00:21:15,165
[margaret_kozlark]: a

566
00:21:15,376 --> 00:21:19,343
[casey_]: the requirements of the c c by
doing so and then when the c c

567
00:21:19,503 --> 00:21:21,426
[casey_]: shows up and knocks on their door
they're ike oh wait a minute

568
00:21:21,330 --> 00:21:21,410
[margaret_kozlark]: oh

569
00:21:21,466 --> 00:21:24,251
[casey_]: no i was down there i went
down there i've been helping them manage it

570
00:21:24,311 --> 00:21:26,054
[casey_]: where we're cogiinand

571
00:21:25,592 --> 00:21:25,757
[margaret_kozlark]: yeah

572
00:21:27,416 --> 00:21:28,643
[casey_]: i just think they're etin ready to

573
00:21:28,651 --> 00:21:29,092
[margaret_kozlark]: and that's

574
00:21:29,085 --> 00:21:29,306
[casey_]: really

575
00:21:29,192 --> 00:21:29,312
[margaret_kozlark]: why

576
00:21:29,367 --> 00:21:29,568
[casey_]: correct

577
00:21:29,452 --> 00:21:29,873
[margaret_kozlark]: you have

578
00:21:29,709 --> 00:21:30,030
[casey_]: on that

579
00:21:29,953 --> 00:21:35,042
[margaret_kozlark]: to be very very careful and you
have to document everything i have been to

580
00:21:35,743 --> 00:21:39,729
[margaret_kozlark]: a lot of industry events where people
have introduced themselves as oh i'm a cap

581
00:21:39,910 --> 00:21:40,911
[margaret_kozlark]: as or i would

582
00:21:40,781 --> 00:21:40,884
[casey_]: ah

583
00:21:41,011 --> 00:21:42,933
[margaret_kozlark]: never introduce myself that way i'm always
a little

584
00:21:42,787 --> 00:21:43,531
[casey_]: absolutely

585
00:21:42,953 --> 00:21:43,653
[margaret_kozlark]: bit horrified

586
00:21:43,671 --> 00:21:44,053
[casey_]: not

587
00:21:43,713 --> 00:21:44,474
[margaret_kozlark]: by that like oh

588
00:21:44,496 --> 00:21:44,616
[casey_]: no

589
00:21:44,514 --> 00:21:46,596
[margaret_kozlark]: my god stop you know

590
00:21:47,046 --> 00:21:50,172
[casey_]: matter of fact the last podcast i
dealt was telling you about earlier that i

591
00:21:50,192 --> 00:21:54,399
[casey_]: was on we just had this discussion
too like it's almost the term capiaraiser needs

592
00:21:54,499 --> 00:21:55,761
[casey_]: to be like almost

593
00:21:55,731 --> 00:21:56,174
[margaret_kozlark]: oh

594
00:21:55,881 --> 00:21:56,302
[casey_]: mixed from

595
00:21:56,275 --> 00:21:56,396
[margaret_kozlark]: my

596
00:21:56,382 --> 00:21:56,462
[casey_]: our

597
00:21:56,517 --> 00:21:56,921
[margaret_kozlark]: gosh

598
00:21:56,522 --> 00:22:02,459
[casey_]: vocabulary really quick because it's it's you're
turning into your only raising capital and you're

599
00:22:02,479 --> 00:22:03,864
[casey_]: being compensated to do so

600
00:22:04,490 --> 00:22:04,771
[margaret_kozlark]: yes

601
00:22:05,077 --> 00:22:05,297
[casey_]: which

602
00:22:05,113 --> 00:22:05,736
[margaret_kozlark]: exactly

603
00:22:05,457 --> 00:22:09,486
[casey_]: means you need to be a licensed
individual and

604
00:22:09,670 --> 00:22:10,253
[margaret_kozlark]: that's exactly

605
00:22:10,007 --> 00:22:10,608
[casey_]: just because

606
00:22:10,314 --> 00:22:10,474
[margaret_kozlark]: right

607
00:22:10,648 --> 00:22:14,014
[casey_]: you're co g ping on a deal
that's not your

608
00:22:14,020 --> 00:22:14,181
[margaret_kozlark]: not

609
00:22:14,134 --> 00:22:17,994
[casey_]: deal and you called the guy and
you talked to him about

610
00:22:18,282 --> 00:22:18,406
[margaret_kozlark]: oh

611
00:22:18,906 --> 00:22:21,950
[casey_]: putting lockers in the women's bathroom

612
00:22:22,071 --> 00:22:22,212
[margaret_kozlark]: yeah

613
00:22:22,250 --> 00:22:22,891
[casey_]: or whatever

614
00:22:23,473 --> 00:22:23,634
[margaret_kozlark]: yeah

615
00:22:24,012 --> 00:22:29,953
[casey_]: whatever the case is you that's not
that's not like an involved co g p

616
00:22:30,294 --> 00:22:30,595
[casey_]: like cog

617
00:22:30,650 --> 00:22:30,750
[margaret_kozlark]: no

618
00:22:30,895 --> 00:22:34,083
[casey_]: co g p means you and this
other guy found this deal together you all

619
00:22:34,143 --> 00:22:36,638
[casey_]: are both pushing on

620
00:22:36,680 --> 00:22:37,061
[margaret_kozlark]: sometimes

621
00:22:36,699 --> 00:22:37,202
[casey_]: trying to figure

622
00:22:37,101 --> 00:22:37,241
[margaret_kozlark]: you've

623
00:22:37,242 --> 00:22:37,322
[casey_]: out

624
00:22:37,301 --> 00:22:37,381
[margaret_kozlark]: got

625
00:22:37,443 --> 00:22:38,067
[casey_]: loans

626
00:22:37,461 --> 00:22:40,146
[margaret_kozlark]: skin in the game as earnest money
absolutely and i

627
00:22:40,131 --> 00:22:40,232
[casey_]: so

628
00:22:40,186 --> 00:22:44,192
[margaret_kozlark]: will tell you something case i also
place some of the owners of that on

629
00:22:44,333 --> 00:22:48,660
[margaret_kozlark]: operators because i've heard that there are
operators out there that they really don't want

630
00:22:48,780 --> 00:22:51,867
[margaret_kozlark]: the cap razors involved right like they
want them to raise their money and they

631
00:22:51,887 --> 00:22:54,071
[margaret_kozlark]: don't want them involved in the asset
management but they're

632
00:22:54,067 --> 00:22:54,249
[casey_]: yeah

633
00:22:54,111 --> 00:22:57,438
[margaret_kozlark]: putting them at risk from an c
c standpoint if they do that

634
00:22:58,146 --> 00:22:58,287
[casey_]: yeah

635
00:22:58,700 --> 00:22:58,824
[margaret_kozlark]: yeah

636
00:22:58,747 --> 00:22:59,968
[casey_]: yeah and i think that

637
00:22:59,970 --> 00:23:00,192
[margaret_kozlark]: i think

638
00:23:00,149 --> 00:23:01,550
[casey_]: i think you're way better off

639
00:23:01,452 --> 00:23:01,655
[margaret_kozlark]: better

640
00:23:01,690 --> 00:23:07,377
[casey_]: to just invest as an l p
gather gather your money and and go into

641
00:23:07,457 --> 00:23:08,639
[casey_]: a position where you're not

642
00:23:08,591 --> 00:23:08,772
[margaret_kozlark]: less

643
00:23:08,720 --> 00:23:09,421
[casey_]: necessarily

644
00:23:08,853 --> 00:23:09,075
[margaret_kozlark]: risk

645
00:23:09,982 --> 00:23:10,503
[casey_]: well you're

646
00:23:10,430 --> 00:23:10,572
[margaret_kozlark]: yeah

647
00:23:10,603 --> 00:23:15,471
[casey_]: you're not necessarily cut you know then
it's just then you're not

648
00:23:15,451 --> 00:23:15,815
[margaret_kozlark]: you're not

649
00:23:15,952 --> 00:23:20,960
[casey_]: but then there's also the meant that
if you go in as an l p

650
00:23:21,722 --> 00:23:25,448
[casey_]: if i'm if i'm a g p
of my fund and my fund goes in

651
00:23:25,528 --> 00:23:27,171
[casey_]: as an l p and

652
00:23:27,157 --> 00:23:27,690
[margaret_kozlark]: hm

653
00:23:27,251 --> 00:23:32,820
[casey_]: i'm compensated on the up side i
am i breaking the law there as well

654
00:23:32,900 --> 00:23:34,463
[casey_]: and so it gets the real

655
00:23:34,332 --> 00:23:34,432
[margaret_kozlark]: you

656
00:23:34,543 --> 00:23:34,824
[casey_]: harry

657
00:23:34,552 --> 00:23:34,913
[margaret_kozlark]: can't be

658
00:23:34,904 --> 00:23:35,405
[casey_]: really quick

659
00:23:35,453 --> 00:23:38,859
[margaret_kozlark]: yeah it does there's a lot of
areas where and even as the g p

660
00:23:39,019 --> 00:23:42,285
[margaret_kozlark]: as you know you can't be compensated
based on what you raise i mean you

661
00:23:42,365 --> 00:23:44,348
[margaret_kozlark]: have to have all of this set
up front

662
00:23:45,496 --> 00:23:48,601
[casey_]: and i want to preface all of
this with i should have prefaced all

663
00:23:48,641 --> 00:23:48,661
[margaret_kozlark]: i

664
00:23:48,661 --> 00:23:51,286
[casey_]: of this with now is the time
to say

665
00:23:51,631 --> 00:23:51,651
[margaret_kozlark]: a

666
00:23:52,368 --> 00:23:54,491
[casey_]: we're not attorneys were not legal

667
00:23:54,590 --> 00:23:54,791
[margaret_kozlark]: yes

668
00:23:54,591 --> 00:23:55,413
[casey_]: advice givers

669
00:23:55,174 --> 00:23:55,719
[margaret_kozlark]: exactly

670
00:23:55,713 --> 00:23:58,118
[casey_]: not anything if if this set

671
00:23:58,001 --> 00:23:58,201
[margaret_kozlark]: this

672
00:23:58,198 --> 00:23:58,278
[casey_]: up

673
00:23:58,302 --> 00:23:58,482
[margaret_kozlark]: set

674
00:23:58,359 --> 00:23:58,760
[casey_]: is something

675
00:23:58,563 --> 00:23:58,623
[margaret_kozlark]: up

676
00:23:58,800 --> 00:24:03,331
[casey_]: you're interested in please by all means
go talk

677
00:24:03,351 --> 00:24:03,472
[margaret_kozlark]: this

678
00:24:03,432 --> 00:24:03,532
[casey_]: to

679
00:24:03,552 --> 00:24:03,633
[margaret_kozlark]: is

680
00:24:03,632 --> 00:24:03,893
[casey_]: your

681
00:24:03,693 --> 00:24:04,498
[margaret_kozlark]: not a d i y

682
00:24:05,206 --> 00:24:05,667
[casey_]: business

683
00:24:05,282 --> 00:24:05,584
[margaret_kozlark]: no way

684
00:24:05,787 --> 00:24:11,476
[casey_]: attorney because a couple of things that
you have to make sure is

685
00:24:11,858 --> 00:24:11,878
[margaret_kozlark]: s

686
00:24:12,338 --> 00:24:12,758
[casey_]: this is an

687
00:24:12,770 --> 00:24:12,890
[margaret_kozlark]: this

688
00:24:12,859 --> 00:24:13,460
[casey_]: entirely

689
00:24:12,951 --> 00:24:13,031
[margaret_kozlark]: is

690
00:24:13,800 --> 00:24:16,044
[casey_]: this s p v stuff the special
purpose

691
00:24:15,876 --> 00:24:15,936
[margaret_kozlark]: hm

692
00:24:16,104 --> 00:24:18,248
[casey_]: vehicles talk which is what we're doing
right now

693
00:24:18,630 --> 00:24:18,753
[margaret_kozlark]: yep

694
00:24:19,289 --> 00:24:19,490
[casey_]: is

695
00:24:19,867 --> 00:24:19,908
[margaret_kozlark]: s

696
00:24:20,011 --> 00:24:26,101
[casey_]: specifically regulated under the investment acts of
the nineteen forties right

697
00:24:26,370 --> 00:24:26,533
[margaret_kozlark]: right

698
00:24:26,842 --> 00:24:31,430
[casey_]: not the nineteen thirties so have to
have an attorney that specializes

699
00:24:31,134 --> 00:24:31,590
[margaret_kozlark]: sure

700
00:24:31,770 --> 00:24:36,398
[casey_]: in the in the investment act of
the nineteen forties in order to capture this

701
00:24:36,558 --> 00:24:36,658
[casey_]: s p

702
00:24:36,775 --> 00:24:36,837
[margaret_kozlark]: so

703
00:24:36,778 --> 00:24:40,004
[casey_]: v because if somebody is only versed
in the in the investment acts of the

704
00:24:40,024 --> 00:24:48,043
[casey_]: nineteen thirties they have this running thought
that it's an illegal set up and once

705
00:24:48,112 --> 00:24:48,332
[margaret_kozlark]: yes

706
00:24:48,946 --> 00:24:49,288
[casey_]: you move

707
00:24:49,133 --> 00:24:49,334
[margaret_kozlark]: and i'm

708
00:24:49,368 --> 00:24:49,449
[casey_]: on

709
00:24:49,394 --> 00:24:49,494
[margaret_kozlark]: so

710
00:24:49,529 --> 00:24:49,751
[casey_]: into

711
00:24:49,554 --> 00:24:49,875
[margaret_kozlark]: glad you

712
00:24:49,851 --> 00:24:49,952
[casey_]: the

713
00:24:49,935 --> 00:24:54,242
[margaret_kozlark]: mentioned that because not every attorney is
in terms of the whole fund of fun

714
00:24:54,302 --> 00:24:57,808
[margaret_kozlark]: model so you really want to make
sure that you are working with one that

715
00:24:57,868 --> 00:25:00,633
[margaret_kozlark]: has a track record that has worked
with these before you don't want to be

716
00:25:00,713 --> 00:25:03,318
[margaret_kozlark]: anybody's guinea pig and then somebody who
really understands

717
00:25:02,946 --> 00:25:03,127
[casey_]: right

718
00:25:03,358 --> 00:25:03,859
[margaret_kozlark]: how this works

719
00:25:04,288 --> 00:25:08,454
[casey_]: that's right when we set up our
fund we we we we were very very

720
00:25:10,637 --> 00:25:13,723
[casey_]: like we pulled the tourney that we
thought was the very best

721
00:25:13,902 --> 00:25:15,415
[margaret_kozlark]: yeah we did too we interviewed attorneys

722
00:25:15,866 --> 00:25:20,414
[casey_]: for the money and then for the
knowledge and then what like like the whole

723
00:25:20,474 --> 00:25:21,816
[casey_]: gammit right you don't want to

724
00:25:21,820 --> 00:25:21,982
[margaret_kozlark]: yeah

725
00:25:22,377 --> 00:25:28,868
[casey_]: burn your whole house down of dollars
trying to trying to hire expensive wall street

726
00:25:28,908 --> 00:25:29,889
[casey_]: attorney try to figure the stuff

727
00:25:29,771 --> 00:25:29,915
[margaret_kozlark]: yeah

728
00:25:29,929 --> 00:25:34,717
[casey_]: out but at the same time it's
very legitimate if you stay in you stay

729
00:25:34,797 --> 00:25:37,201
[casey_]: in your position as an l p
um

730
00:25:37,523 --> 00:25:37,543
[margaret_kozlark]: m

731
00:25:37,542 --> 00:25:41,288
[casey_]: and that's the whole thing to you
know ma i don't want control of

732
00:25:41,940 --> 00:25:42,224
[margaret_kozlark]: oh

733
00:25:42,350 --> 00:25:43,292
[casey_]: of the

734
00:25:43,530 --> 00:25:43,712
[margaret_kozlark]: a big

735
00:25:43,612 --> 00:25:44,173
[casey_]: asset

736
00:25:43,772 --> 00:25:44,477
[margaret_kozlark]: responsibility

737
00:25:44,674 --> 00:25:44,934
[casey_]: i don't

738
00:25:45,082 --> 00:25:45,243
[margaret_kozlark]: yeah

739
00:25:45,175 --> 00:25:48,981
[casey_]: want i mean you know i want
to be able to report to my investors

740
00:25:49,061 --> 00:25:52,431
[casey_]: what i know i want to be
able to get mine ester is a better

741
00:25:53,056 --> 00:25:55,827
[casey_]: better class of stock

742
00:25:56,275 --> 00:25:56,456
[margaret_kozlark]: yeah

743
00:25:56,769 --> 00:26:01,657
[casey_]: by pooling their money that's you know
i want to do the very basic things

744
00:26:01,757 --> 00:26:05,544
[casey_]: that that this s p v or
fund of funds model was set up and

745
00:26:05,924 --> 00:26:10,091
[casey_]: meant to do there's a reason why
i'm doing that and that's because i don't

746
00:26:09,962 --> 00:26:10,830
[margaret_kozlark]: hm

747
00:26:10,151 --> 00:26:14,859
[casey_]: want to deal with the teas of
owning real property termites tenants trash

748
00:26:15,041 --> 00:26:15,443
[margaret_kozlark]: toilets

749
00:26:16,101 --> 00:26:16,622
[casey_]: toilets

750
00:26:16,327 --> 00:26:18,739
[margaret_kozlark]: lot of these

751
00:26:17,243 --> 00:26:19,732
[casey_]: yea all the teas i want to
deal with that stuff

752
00:26:19,840 --> 00:26:20,621
[margaret_kozlark]: ah but

753
00:26:20,618 --> 00:26:20,719
[casey_]: so

754
00:26:20,641 --> 00:26:23,666
[margaret_kozlark]: you know you made a point that
i want to capitalize on because i men

755
00:26:23,726 --> 00:26:27,372
[margaret_kozlark]: to mention as well which is so
aside from the benefits of you can often

756
00:26:27,452 --> 00:26:29,816
[margaret_kozlark]: get in for a lower minimum you
can

757
00:26:29,817 --> 00:26:29,999
[casey_]: try

758
00:26:29,997 --> 00:26:33,623
[margaret_kozlark]: also get a better preferred rate right
so if let's say i'm going to go

759
00:26:33,783 --> 00:26:38,090
[margaret_kozlark]: in as a direct investor and with
my fifty thousand i'll get a six per

760
00:26:38,130 --> 00:26:42,517
[margaret_kozlark]: cent return but anybody who invests a
million or over might get an eight percent

761
00:26:42,618 --> 00:26:47,967
[margaret_kozlark]: return right so as an entity if
we go in at a million and maybe

762
00:26:48,007 --> 00:26:53,015
[margaret_kozlark]: it's twenty of us putting in fifty
thousand we all get that higher prefrate and

763
00:26:53,073 --> 00:26:53,586
[casey_]: hm

764
00:26:53,215 --> 00:26:56,721
[margaret_kozlark]: best of all as the fun manager
we shave what we need to off of

765
00:26:56,781 --> 00:27:00,708
[margaret_kozlark]: that to cover our legal fees right
because we're not enough profit so we take

766
00:27:00,748 --> 00:27:03,973
[margaret_kozlark]: what we need to cover the legal
fees and everybody still gets more maybe eight

767
00:27:03,993 --> 00:27:06,998
[margaret_kozlark]: and a half in that or seven
and a half rather in that scenario the

768
00:27:07,038 --> 00:27:07,239
[margaret_kozlark]: legal

769
00:27:07,096 --> 00:27:07,258
[casey_]: that's

770
00:27:07,299 --> 00:27:07,459
[margaret_kozlark]: fees

771
00:27:07,318 --> 00:27:07,500
[casey_]: right

772
00:27:07,539 --> 00:27:09,535
[margaret_kozlark]: get people get a better preferred return

773
00:27:10,236 --> 00:27:15,264
[casey_]: that's right and again it's not it's
not rocket science but

774
00:27:15,301 --> 00:27:15,383
[margaret_kozlark]: no

775
00:27:16,326 --> 00:27:22,556
[casey_]: people entrepreneurs in general have a tendency
to claw their way down the and then

776
00:27:22,596 --> 00:27:25,820
[casey_]: when somebody says you can't go any
further they're like oh but i can go

777
00:27:25,840 --> 00:27:26,640
[casey_]: over here then

778
00:27:26,700 --> 00:27:26,902
[margaret_kozlark]: oh

779
00:27:26,720 --> 00:27:27,441
[casey_]: i can go further

780
00:27:27,980 --> 00:27:28,141
[margaret_kozlark]: yeah

781
00:27:28,242 --> 00:27:34,772
[casey_]: and and you know i mean we're
all somewhat wired the same and that's entrepreneurs

782
00:27:34,992 --> 00:27:36,175
[casey_]: slash marketers

783
00:27:35,562 --> 00:27:35,747
[margaret_kozlark]: oh

784
00:27:36,255 --> 00:27:37,257
[casey_]: were all those

785
00:27:36,981 --> 00:27:37,606
[margaret_kozlark]: all the

786
00:27:37,638 --> 00:27:39,481
[casey_]: we were all those kids who mom
was

787
00:27:39,533 --> 00:27:39,593
[margaret_kozlark]: we

788
00:27:39,541 --> 00:27:39,762
[casey_]: saying

789
00:27:39,733 --> 00:27:39,874
[margaret_kozlark]: asked

790
00:27:39,822 --> 00:27:39,962
[casey_]: don't

791
00:27:39,954 --> 00:27:40,415
[margaret_kozlark]: questions

792
00:27:40,102 --> 00:27:40,724
[casey_]: do that

793
00:27:40,475 --> 00:27:42,100
[margaret_kozlark]: we challenged right yeah

794
00:27:42,036 --> 00:27:42,460
[casey_]: that's right

795
00:27:42,661 --> 00:27:43,042
[margaret_kozlark]: well why

796
00:27:43,086 --> 00:27:43,286
[casey_]: yeah

797
00:27:43,343 --> 00:27:44,366
[margaret_kozlark]: why is it why can't

798
00:27:44,207 --> 00:27:44,367
[casey_]: well

799
00:27:44,386 --> 00:27:44,466
[margaret_kozlark]: you

800
00:27:44,407 --> 00:27:44,587
[casey_]: why

801
00:27:44,526 --> 00:27:44,767
[margaret_kozlark]: do this

802
00:27:44,687 --> 00:27:47,309
[casey_]: and i've got i've got one at
home myself i've got five

803
00:27:47,370 --> 00:27:49,740
[margaret_kozlark]: oh

804
00:27:47,450 --> 00:27:51,513
[casey_]: i've got five but i have one
at home myself and he challenges me on

805
00:27:51,553 --> 00:27:53,075
[casey_]: a daily basis work work

806
00:27:52,970 --> 00:27:53,190
[margaret_kozlark]: but you

807
00:27:53,175 --> 00:27:53,415
[casey_]: coach

808
00:27:53,210 --> 00:27:54,973
[margaret_kozlark]: know what he's got to be an
he's goin to be super

809
00:27:54,996 --> 00:27:55,217
[casey_]: damn

810
00:27:55,053 --> 00:27:55,534
[margaret_kozlark]: successful

811
00:27:55,317 --> 00:27:55,960
[casey_]: right is

812
00:27:55,874 --> 00:27:56,675
[margaret_kozlark]: they drive you crazy

813
00:27:56,582 --> 00:27:56,883
[casey_]: yes

814
00:27:56,715 --> 00:27:57,977
[margaret_kozlark]: when they're young but yeah it'll

815
00:27:57,976 --> 00:27:58,216
[casey_]: hunter

816
00:27:58,017 --> 00:27:58,518
[margaret_kozlark]: be amazing

817
00:27:58,256 --> 00:28:02,285
[casey_]: percent and if he can keep his
work ethic and his mind in the right

818
00:28:02,290 --> 00:28:02,451
[margaret_kozlark]: yeah

819
00:28:02,345 --> 00:28:05,493
[casey_]: spot you know we're definitely on the

820
00:28:05,460 --> 00:28:05,581
[margaret_kozlark]: but

821
00:28:05,533 --> 00:28:05,653
[casey_]: right

822
00:28:05,621 --> 00:28:05,881
[margaret_kozlark]: again

823
00:28:05,713 --> 00:28:05,893
[casey_]: path

824
00:28:06,021 --> 00:28:06,041
[margaret_kozlark]: i

825
00:28:06,034 --> 00:28:06,214
[casey_]: matter

826
00:28:06,202 --> 00:28:10,730
[margaret_kozlark]: really think so much of it comes
down to schools right i wish schools were

827
00:28:10,810 --> 00:28:17,442
[margaret_kozlark]: better at teaching kids to think creatively
and n b just just think outside the

828
00:28:17,482 --> 00:28:20,788
[margaret_kozlark]: box and why can't you do things
and it's not just this one size its

829
00:28:20,908 --> 00:28:23,673
[margaret_kozlark]: stocks and bonds and i do have
to say really quick for any of your

830
00:28:23,753 --> 00:28:29,502
[margaret_kozlark]: listeners who have their four in case
are investing in mutual fun holy cow take

831
00:28:29,563 --> 00:28:34,070
[margaret_kozlark]: a look at your your reports please
because they are so laden with fees and

832
00:28:34,190 --> 00:28:38,558
[margaret_kozlark]: oftentimes these people are making money on
trade so whether you're making money or not

833
00:28:38,678 --> 00:28:40,662
[margaret_kozlark]: they're making money on every rate so
take

834
00:28:40,586 --> 00:28:40,709
[casey_]: yeah

835
00:28:40,722 --> 00:28:43,068
[margaret_kozlark]: a look at how much you're paying
in fees it's crazy

836
00:28:44,086 --> 00:28:45,328
[casey_]: yeah that's definitely the

837
00:28:45,280 --> 00:28:45,401
[margaret_kozlark]: it's

838
00:28:45,369 --> 00:28:45,609
[casey_]: case

839
00:28:45,462 --> 00:28:46,570
[margaret_kozlark]: the safe investment

840
00:28:46,290 --> 00:28:46,370
[casey_]: and

841
00:28:46,630 --> 00:28:46,811
[margaret_kozlark]: right

842
00:28:46,651 --> 00:28:50,156
[casey_]: and and that's yeah that's right and
like i said the mote that wall street

843
00:28:50,197 --> 00:28:53,322
[casey_]: has built to keep people out and
keep themselves in

844
00:28:53,890 --> 00:28:54,054
[margaret_kozlark]: yeah

845
00:28:54,063 --> 00:28:56,828
[casey_]: is is just absolutely unbelievable

846
00:28:56,346 --> 00:28:56,550
[margaret_kozlark]: yeah

847
00:28:56,908 --> 00:28:58,070
[casey_]: so all right listen

848
00:28:57,930 --> 00:28:58,071
[margaret_kozlark]: yeah

849
00:28:58,190 --> 00:29:01,616
[casey_]: margaret so we ask a couple of
questions to every guest that comes on the

850
00:29:01,656 --> 00:29:02,297
[casey_]: show and

851
00:29:02,320 --> 00:29:02,502
[margaret_kozlark]: okay

852
00:29:02,337 --> 00:29:05,803
[casey_]: the first of those questions is what
is the best book that you have recently

853
00:29:05,863 --> 00:29:07,045
[casey_]: read or are currently

854
00:29:06,954 --> 00:29:07,037
[margaret_kozlark]: oh

855
00:29:07,085 --> 00:29:07,325
[casey_]: reading

856
00:29:08,370 --> 00:29:13,298
[margaret_kozlark]: so i am actually reading building an
elite organization right now i literally just started

857
00:29:13,379 --> 00:29:16,203
[margaret_kozlark]: but i'm super excited because i've been
hearing great things about it so i got

858
00:29:16,243 --> 00:29:18,747
[margaret_kozlark]: the book in the journal and i'll
be able to tell you more in a

859
00:29:18,788 --> 00:29:19,929
[margaret_kozlark]: couple weeks once i've done

860
00:29:19,817 --> 00:29:20,121
[casey_]: awesome

861
00:29:20,052 --> 00:29:20,256
[margaret_kozlark]: to it

862
00:29:20,956 --> 00:29:23,887
[casey_]: awesome great cool now what is a
dream

863
00:29:23,800 --> 00:29:23,901
[margaret_kozlark]: is

864
00:29:23,947 --> 00:29:25,854
[casey_]: vacation that you have taken or hoped
to take

865
00:29:26,931 --> 00:29:29,576
[margaret_kozlark]: macupcu top of my list bone

866
00:29:29,282 --> 00:29:29,624
[casey_]: yes

867
00:29:30,117 --> 00:29:30,338
[margaret_kozlark]: i have

868
00:29:30,288 --> 00:29:30,308
[casey_]: i

869
00:29:30,378 --> 00:29:33,545
[margaret_kozlark]: been let pen on my vision board
for like two years and i am going

870
00:29:33,585 --> 00:29:34,667
[margaret_kozlark]: to get there case i

871
00:29:34,706 --> 00:29:34,906
[casey_]: that's

872
00:29:34,727 --> 00:29:35,128
[margaret_kozlark]: can't wait

873
00:29:35,106 --> 00:29:38,832
[casey_]: awesome yeah what a what a cool
that i would love to save obviously that

874
00:29:38,872 --> 00:29:40,234
[casey_]: we've all seen pictures and it's

875
00:29:40,610 --> 00:29:42,234
[margaret_kozlark]: i got do before my knees give
out you know

876
00:29:42,676 --> 00:29:47,504
[casey_]: yeah well true true that's very true
i had a friend have a friend who

877
00:29:47,584 --> 00:29:51,530
[casey_]: i graduated high school with and every
year like him and eight of his friends

878
00:29:51,142 --> 00:29:52,620
[margaret_kozlark]: on uh

879
00:29:52,652 --> 00:29:53,554
[casey_]: it's one person's

880
00:29:53,382 --> 00:29:53,543
[margaret_kozlark]: uh

881
00:29:53,634 --> 00:29:58,039
[casey_]: turn persons turn every year and they
do a mystery trip right so

882
00:29:58,152 --> 00:29:58,374
[margaret_kozlark]: that's

883
00:29:58,199 --> 00:29:58,679
[casey_]: one person

884
00:29:58,596 --> 00:29:58,738
[margaret_kozlark]: so

885
00:29:58,779 --> 00:29:59,220
[casey_]: plans

886
00:29:58,879 --> 00:29:59,122
[margaret_kozlark]: cool

887
00:29:59,800 --> 00:30:02,703
[casey_]: one person plans this whole thing one
year they went there and it was

888
00:30:02,840 --> 00:30:03,221
[margaret_kozlark]: that

889
00:30:02,923 --> 00:30:03,323
[casey_]: i was just

890
00:30:03,322 --> 00:30:03,402
[margaret_kozlark]: is

891
00:30:03,403 --> 00:30:03,764
[casey_]: i remember

892
00:30:03,764 --> 00:30:04,206
[margaret_kozlark]: awesome

893
00:30:03,844 --> 00:30:05,025
[casey_]: watching it on i was i

894
00:30:05,090 --> 00:30:07,531
[margaret_kozlark]: i'm getting there i'm goin to get
there yeah

895
00:30:07,496 --> 00:30:10,401
[casey_]: highly highly intriguing so awesome margaret how

896
00:30:10,450 --> 00:30:10,571
[margaret_kozlark]: as

897
00:30:10,481 --> 00:30:13,005
[casey_]: can the listeners reach out and get
in touch with you if they've heard something

898
00:30:13,045 --> 00:30:17,192
[casey_]: that resonated with him or possibly want
to invest in your fund or want to

899
00:30:17,252 --> 00:30:17,392
[casey_]: talk

900
00:30:17,380 --> 00:30:17,600
[margaret_kozlark]: yeah

901
00:30:17,513 --> 00:30:17,653
[casey_]: short

902
00:30:17,800 --> 00:30:18,041
[margaret_kozlark]: sure

903
00:30:17,933 --> 00:30:18,174
[casey_]: renal

904
00:30:18,181 --> 00:30:18,522
[margaret_kozlark]: yeah thank

905
00:30:18,514 --> 00:30:18,835
[casey_]: whatever

906
00:30:18,562 --> 00:30:23,009
[margaret_kozlark]: you so much so i am on
linked in at margaret cos lark we have

907
00:30:23,089 --> 00:30:28,198
[margaret_kozlark]: an instagram nobly vest n o b
l i v s t for noble investing

908
00:30:28,759 --> 00:30:33,046
[margaret_kozlark]: we've got a facebook page in an
instagram and we also case do a monthly

909
00:30:33,086 --> 00:30:37,653
[margaret_kozlark]: web in our series just educating people
just did it last night talking about investing

910
00:30:37,734 --> 00:30:42,243
[margaret_kozlark]: through a four or one k or
self directed i did depreciate she did you

911
00:30:42,283 --> 00:30:46,116
[margaret_kozlark]: know all sorts of things again just
to help people get more comfortable and understand

912
00:30:46,156 --> 00:30:46,558
[margaret_kozlark]: this space

913
00:30:46,936 --> 00:30:47,557
[casey_]: so can you

914
00:30:47,801 --> 00:30:47,882
[margaret_kozlark]: you

915
00:30:48,078 --> 00:30:51,965
[casey_]: can you make sure that we have
a link to that web in ar

916
00:30:52,132 --> 00:30:52,315
[margaret_kozlark]: cool

917
00:30:52,345 --> 00:30:52,666
[casey_]: that we can

918
00:30:52,700 --> 00:30:53,182
[margaret_kozlark]: absolutely

919
00:30:52,726 --> 00:30:53,167
[casey_]: put it in show

920
00:30:53,242 --> 00:30:53,363
[margaret_kozlark]: yeah

921
00:30:53,247 --> 00:30:53,707
[casey_]: notes because

922
00:30:53,523 --> 00:30:54,407
[margaret_kozlark]: sure yeah i love that

923
00:30:54,288 --> 00:30:58,696
[casey_]: i'll be honest that's a that that's
a huge um that's a huge hill a

924
00:30:58,736 --> 00:31:03,464
[casey_]: lot of people have a have a
difficult time climbing and and even i'll be

925
00:31:03,484 --> 00:31:06,288
[casey_]: honest you so even my my own
mother in law right

926
00:31:06,472 --> 00:31:07,320
[margaret_kozlark]: hm

927
00:31:07,410 --> 00:31:08,432
[casey_]: my wife's stepmother

928
00:31:08,171 --> 00:31:08,271
[margaret_kozlark]: she

929
00:31:08,532 --> 00:31:10,135
[casey_]: so i guess i don't know what
she is she's in in law

930
00:31:11,070 --> 00:31:11,291
[margaret_kozlark]: oh

931
00:31:11,257 --> 00:31:15,203
[casey_]: but she her and i have gotten
together a couple of different times to try

932
00:31:15,444 --> 00:31:20,853
[casey_]: and get her get her iris set
up to be self directed it's not just

933
00:31:20,933 --> 00:31:24,039
[casey_]: like push a button and here it
goes a little bit more involved and i

934
00:31:24,079 --> 00:31:24,560
[casey_]: think a lot

935
00:31:24,472 --> 00:31:24,595
[margaret_kozlark]: is

936
00:31:24,600 --> 00:31:28,846
[casey_]: of people get lost in that in
that in that maze so

937
00:31:29,561 --> 00:31:29,961
[margaret_kozlark]: yeah there's

938
00:31:29,872 --> 00:31:30,033
[casey_]: yeah

939
00:31:30,061 --> 00:31:31,223
[margaret_kozlark]: and the last thing i'll say about
that

940
00:31:31,266 --> 00:31:31,407
[casey_]: yeah

941
00:31:31,344 --> 00:31:34,288
[margaret_kozlark]: it is and also you know a
lot of people go the self directed route

942
00:31:34,389 --> 00:31:37,854
[margaret_kozlark]: because they have a w to but
if you are a full time self employed

943
00:31:37,914 --> 00:31:41,561
[margaret_kozlark]: you can do something called a solid
one for solo for it's actually i think

944
00:31:41,601 --> 00:31:45,768
[margaret_kozlark]: a better vehicle so to your point
it's probably talked to a professional figure out

945
00:31:45,808 --> 00:31:49,273
[margaret_kozlark]: what works for you and in this
webanar we had a professional last night who

946
00:31:49,354 --> 00:31:52,839
[margaret_kozlark]: was offering a free consultation so you
know i'm sure any of the folks could

947
00:31:53,040 --> 00:31:53,886
[margaret_kozlark]: reach out to him as well

948
00:31:53,946 --> 00:31:55,028
[casey_]: asoeawesome great

949
00:31:54,870 --> 00:31:56,280
[margaret_kozlark]: yeah

950
00:31:55,168 --> 00:31:57,131
[casey_]: make sure we got a link to
that we can put in the show notes

951
00:31:57,251 --> 00:31:57,331
[casey_]: and

952
00:31:57,270 --> 00:31:57,571
[margaret_kozlark]: i will

953
00:31:57,432 --> 00:31:58,013
[casey_]: listeners

954
00:31:57,732 --> 00:31:58,494
[margaret_kozlark]: send that right off to you

955
00:31:59,074 --> 00:32:02,961
[casey_]: as always please head down and smash
that subscribe button and while you're there please

956
00:32:03,001 --> 00:32:06,326
[casey_]: leave us a review leave us a
five star review and type of review so

957
00:32:06,387 --> 00:32:06,968
[casey_]: that others

958
00:32:06,660 --> 00:32:06,901
[margaret_kozlark]: yeah

959
00:32:07,108 --> 00:32:11,715
[casey_]: may know what you like love and
want to learn more about from the cash

960
00:32:11,755 --> 00:32:12,637
[casey_]: flow pro podcast

961
00:32:12,733 --> 00:32:13,410
[margaret_kozlark]: cast

962
00:32:13,058 --> 00:32:13,739
[casey_]: and i hope everybody

963
00:32:13,550 --> 00:32:13,773
[margaret_kozlark]: i hope

964
00:32:13,779 --> 00:32:13,839
[casey_]: is

965
00:32:13,833 --> 00:32:14,197
[margaret_kozlark]: eveyodyis

966
00:32:13,879 --> 00:32:15,622
[casey_]: a wonderful day and margaret i can't
thank you if i

967
00:32:15,653 --> 00:32:15,714
[margaret_kozlark]: m

968
00:32:15,702 --> 00:32:18,768
[casey_]: know it's it's tough sometimes to cut
time out of here to do these things

969
00:32:18,848 --> 00:32:19,389
[casey_]: but we

970
00:32:19,431 --> 00:32:19,472
[margaret_kozlark]: m

971
00:32:19,469 --> 00:32:21,934
[casey_]: got to spread our words but our
message and keep moving

972
00:32:21,690 --> 00:32:21,832
[margaret_kozlark]: yeah

973
00:32:22,135 --> 00:32:25,201
[casey_]: forward so margaret thank you again and
listeners i hope you

974
00:32:25,262 --> 00:32:25,283
[margaret_kozlark]: o

975
00:32:25,442 --> 00:32:26,684
[casey_]: all have a wonderful rest of the
day

976
00:32:27,333 --> 00:32:27,840
[margaret_kozlark]: hm