YOUR DAILY REAL ESTATE INVESTMENT SHOW
July 28, 2022

Raising Funds and Doing Life Your Way with Melanie McDaniel

Raising Funds and Doing Life Your Way with Melanie McDaniel

In this episode of Cash Flow Pro, we talk with Melanie McDaniel, Navy Veteran and Founder/CEO of Freestyle Capital Group. Melanie grew up in Utah and was taught to pursue the typical American dream. She decided to take life into her own hands and...


In this episode of Cash Flow Pro, we talk with Melanie McDaniel, Navy Veteran and Founder/CEO of Freestyle Capital Group. Melanie grew up in Utah and was taught to pursue the typical American dream. She decided to take life into her own hands and joined the navy instead of going to school to travel the world and become independent. After four years, she was still unsure of what to do with her life since she loved to travel and got a degree in hospitality administration. Later she became a park ranger. She was listening to bigger pockets at work and read rich dad poor dad and was ready to take on the real estate world as her new career. Tune in on this episode to learn about how she paved her way to financial freedom and what she learned along the way!

In this episode, we discuss:

  • Don’t put your eggs in one basket. Diversify your sponsors and build relationships
  • The different types of fund of funds
  • Prioritizing the alignment of interests
  • Raising capital for an SPV – communication and payment structure

 

 

Find your flow,

Casey Brown

 

Resources mentioned in this podcast:

  1. https://www.linkedin.com/in/melaniemcdanielinvest/
  2. https://www.freestylecapitalgroup.com/
Transcript

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

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[casey___melanie_mcdaniel]: investing podcast and you tube channel i'm
here today with meloni daniel a free style

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[casey___melanie_mcdaniel]: capital group meloney how are you today

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[melanie_mcdaniel]: i'm good how are you

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[casey___melanie_mcdaniel]: awesome i had to click back over
to the sheet to make sure i got

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[casey___melanie_mcdaniel]: that got that mouthful of free style
capital group right so that everybody knows what

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[casey___melanie_mcdaniel]: we are talking about so mellen why
don't you start by kind of telling us

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[casey___melanie_mcdaniel]: a little bit about your background where
you're from what you do and then what

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[casey___melanie_mcdaniel]: i'm sorry what you were you from
what you did and then on into how

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[casey___melanie_mcdaniel]: you got into raising and we can
kind of dissect everything from there

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[melanie_mcdaniel]: already so background grew up in utah

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[casey___melanie_mcdaniel]: a

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[melanie_mcdaniel]: you know normal house middle of the
road sort of go to job go to

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[melanie_mcdaniel]: job go to school and then get
a job well go to school then go

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[melanie_mcdaniel]: to school again and then you get
a job

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[casey___melanie_mcdaniel]: yep

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[melanie_mcdaniel]: i kind of at a young age
already was pushing back against that because i

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[melanie_mcdaniel]: didn't

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[casey___melanie_mcdaniel]: yeah

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[melanie_mcdaniel]: really know what wanted to go to
school for so i joined the military instead

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[melanie_mcdaniel]: and it's not because necessarily i wanted
to serve my count though you know that

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[melanie_mcdaniel]: was kind of one of the bottom
of the list of one of the reasons

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[melanie_mcdaniel]: but the top reason was i wanted
to travel the world get out from under

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[melanie_mcdaniel]: my parents wings get money for school
when i was ready to go to school

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[melanie_mcdaniel]: and just be on my own too
eat so the military

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[casey___melanie_mcdaniel]: sure

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[melanie_mcdaniel]: gave me that got lucky i joined
the navy and italy was my first duty

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[melanie_mcdaniel]: station so i hit that travel box
pretty quick so i did my four years

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[melanie_mcdaniel]: and when i was getting out i
didn't really know what i wanted to be

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[melanie_mcdaniel]: still when i grew up but i
thought well maybe if i did something i

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[melanie_mcdaniel]: love then i'd be happy right so

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[casey___melanie_mcdaniel]: m

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[melanie_mcdaniel]: i started thinking about what i loved
i love to travel so what did i

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[melanie_mcdaniel]: study travel i have a degree in
house halt and travel administration

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[casey___melanie_mcdaniel]: interesting

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[melanie_mcdaniel]: i know weird that was in denver
colorado and then my first job was working

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[melanie_mcdaniel]: on a submarine off like k and
it didn't take too long for me to

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[melanie_mcdaniel]: realize that i didn't really want climb
a corporate ladder but i still didn't now

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[melanie_mcdaniel]: what i wanted to be when i
grew up so i kind of fell back

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[melanie_mcdaniel]: into what i understood and that was
get a job specifically with the government my

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[melanie_mcdaniel]: dad worked for the utah state prison
his wife was a park ranger for the

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[melanie_mcdaniel]: national park service so i ended up
being a park ranger

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[casey___melanie_mcdaniel]: yeah

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[melanie_mcdaniel]: and i thought i could just do
that by myself some time but i ended

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[melanie_mcdaniel]: up doing that for nine years so

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[casey___melanie_mcdaniel]: oh

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[melanie_mcdaniel]: that was a big chunk of my
history my past

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[casey___melanie_mcdaniel]: interesting

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[melanie_mcdaniel]: twenty

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[casey___melanie_mcdaniel]: kind of

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[melanie_mcdaniel]: fifteen

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[casey___melanie_mcdaniel]: a mix

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[melanie_mcdaniel]: i read with

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[casey___melanie_mcdaniel]: of everything

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[melanie_mcdaniel]: dead

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[casey___melanie_mcdaniel]: i mean i gotta stop and like
just kind of point i mean it's like

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[casey___melanie_mcdaniel]: a that's like the what do they
call that stuff my mom to take to

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[casey___melanie_mcdaniel]: like family picnics water gate salad we
hear something along those lines

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[melanie_mcdaniel]: yeah

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[casey___melanie_mcdaniel]: like a little bit of everything is
in there and it's

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[melanie_mcdaniel]: oh

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[casey___melanie_mcdaniel]: just kind of mushed up and here
we are

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[melanie_mcdaniel]: oh

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[casey___melanie_mcdaniel]: i don't mean to to like anything
you said the water gate but i just

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[casey___melanie_mcdaniel]: mean it's nobody knows what you know
it's it's all in there it's kind of

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[casey___melanie_mcdaniel]: a mish mash but i like spent

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[melanie_mcdaniel]: i'm definitely a part in a whirlwind

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[casey___melanie_mcdaniel]: there you go

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[melanie_mcdaniel]: yeah

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[casey___melanie_mcdaniel]: and i like the park grand part
that kind of brings a yogi bear element

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[casey___melanie_mcdaniel]: to the whole thing

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[melanie_mcdaniel]: yeah

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[casey___melanie_mcdaniel]: that we weren't really expecting so um
uh real quick before we jump into it

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[casey___melanie_mcdaniel]: and in my audience i want you
to understand and know a little bit about

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[casey___melanie_mcdaniel]: so my audience knows or if they've
been listening very long i'm a huge proponent

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[casey___melanie_mcdaniel]: of of women in business specifically women
in i particularly like the real estate business

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[casey___melanie_mcdaniel]: but i guess i have to be
partial to one but the main reasons are

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[casey___melanie_mcdaniel]: because my daughters i've got two daughters
who who just because because you seem to

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[casey___melanie_mcdaniel]: to have this vibe where it's like
hey i'm going to push back against the

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[casey___melanie_mcdaniel]: norm and i'm going to do things
my way and which is very much like

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[casey___melanie_mcdaniel]: the two little girls that i have
at home who we all adore and love

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[casey___melanie_mcdaniel]: about sixty percent of the time than
forty percent of the time we want to

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[casey___melanie_mcdaniel]: as my stepson says give them up
to the adoption center and

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[melanie_mcdaniel]: yes

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[casey___melanie_mcdaniel]: bat girl ladies women and females in
business is something that i'm a huge proponent

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[casey___melanie_mcdaniel]: of because again there's nothing i hate
worse than when my daughter or daughters or

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[casey___melanie_mcdaniel]: either one of them say i can't
do that only boys can do that or

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[casey___melanie_mcdaniel]: i can't do that because i'm a
girl because they are taught on a daily

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[casey___melanie_mcdaniel]: basis that they can do whatever they
set their mind to no matter what it

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[casey___melanie_mcdaniel]: is you just seem like we

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[melanie_mcdaniel]: absolutely

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[casey___melanie_mcdaniel]: go along really well with my ith
my girls and and how you push back

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[casey___melanie_mcdaniel]: and you're like well i'm going to
do things my way and i like that

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[casey___melanie_mcdaniel]: i like that so anyway going forward
let's let's talk about two thousand fifteen i

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[casey___melanie_mcdaniel]: think you said you were you were
that was the end of the parker anger

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[casey___melanie_mcdaniel]: stant right

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[melanie_mcdaniel]: two

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[casey___melanie_mcdaniel]: yes

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[melanie_mcdaniel]: years before the end because i was
so conditioned to my belief system of the

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[melanie_mcdaniel]: whole job career retirement live within your
means you know set yourself up for you

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[melanie_mcdaniel]: average future that's exactly what i was
raised to be right

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[casey___melanie_mcdaniel]: yeah

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[melanie_mcdaniel]: as

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[casey___melanie_mcdaniel]: sure

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[melanie_mcdaniel]: that american dream

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[casey___melanie_mcdaniel]: yep

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[melanie_mcdaniel]: of settling i guess so i read
rich dead ported in twenty fifteen

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[casey___melanie_mcdaniel]: oh my

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[melanie_mcdaniel]: and

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[casey___melanie_mcdaniel]: gosh

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[melanie_mcdaniel]: that really

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[casey___melanie_mcdaniel]: yeah

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[melanie_mcdaniel]: blew my mind because i was a
pretty intelligent kid school was pretty easy anything

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[melanie_mcdaniel]: i put my mind to i wouldn't
just do i would excel in no matter

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[melanie_mcdaniel]: what it was even if it wasn't
what i loved

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[casey___melanie_mcdaniel]: sure

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[melanie_mcdaniel]: which was like the law enforcement piece
you better believe if you put me in

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[melanie_mcdaniel]: a fitness course i'm gonna i'm gonna
win the fitness competition

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[casey___melanie_mcdaniel]: yeah

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[melanie_mcdaniel]: right but it doesn't necessarily mean it's
who i am it's just i'm a i

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[melanie_mcdaniel]: accelled everything i do but i was
miserable and i didn't know it because you

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[melanie_mcdaniel]: don't know any different if you haven't
seen any different so it took me two

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[melanie_mcdaniel]: years to undo the set that i
was raised to have even when i was

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[melanie_mcdaniel]: leaving my job my dad's like don't
do something and quit your job and that

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[melanie_mcdaniel]: i was driving across the country because
i moved from california that was here i

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[melanie_mcdaniel]: was a ranger to virginia which with
my first thing this was in twenty seventeen

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[melanie_mcdaniel]: when i pulled chalks left the career
and i became a real estate agent as

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[melanie_mcdaniel]: a stepping stone to bigger things i
was driving across the country and my dad

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[melanie_mcdaniel]: i love my dad like men i
can't believe you quit your job don't ever

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[melanie_mcdaniel]: call me for money i'm like thanks
dad

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[casey___melanie_mcdaniel]: yeah no

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[melanie_mcdaniel]: i

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[casey___melanie_mcdaniel]: doubt

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[melanie_mcdaniel]: mean

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[casey___melanie_mcdaniel]: appreciate this board

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[melanie_mcdaniel]: by no well it's not his fault
right and a dad or a parent doesn't

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[melanie_mcdaniel]: say something like that because they want
you to fail they do that they say

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[melanie_mcdaniel]: that because

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[casey___melanie_mcdaniel]: that's

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[melanie_mcdaniel]: they

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[casey___melanie_mcdaniel]: really

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[melanie_mcdaniel]: couldn't do what you're doing and there
they love you

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[casey___melanie_mcdaniel]: yep

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[melanie_mcdaniel]: right

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[casey___melanie_mcdaniel]: yep

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[melanie_mcdaniel]: they don't

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[casey___melanie_mcdaniel]: absolutely

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[melanie_mcdaniel]: want you to

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[casey___melanie_mcdaniel]: i never forget the

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[melanie_mcdaniel]: really

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[casey___melanie_mcdaniel]: day i

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[melanie_mcdaniel]: truly

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[casey___melanie_mcdaniel]: told

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[melanie_mcdaniel]: really truly

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[casey___melanie_mcdaniel]: i started in as an agent myself
and i never forget the day i told

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[casey___melanie_mcdaniel]: my grandmother i was going to work
my grandmother and i were real close and

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[casey___melanie_mcdaniel]: it was much the same way as
i'm going to work for myself and she's

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[casey___melanie_mcdaniel]: like you know i just i can
see her now just with her head just

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[casey___melanie_mcdaniel]: going like this just and you know
it wasn't it was just i don't know

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[casey___melanie_mcdaniel]: if that was her way of saying
good luck or best i don't know but

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[casey___melanie_mcdaniel]: anyway much the same

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[melanie_mcdaniel]: is

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[casey___melanie_mcdaniel]: scenario

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[melanie_mcdaniel]: it's their own limitation

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[casey___melanie_mcdaniel]: m

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[melanie_mcdaniel]: and they're placing it on you which
is fine there they're doing the best they

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[melanie_mcdaniel]: can and they really love you and
they really are truly concerned it's not because

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[melanie_mcdaniel]: she wanted to hold you back it's
not because my

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[casey___melanie_mcdaniel]: yes

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[melanie_mcdaniel]: dad wanted to hold me back it
was just so outside of

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[casey___melanie_mcdaniel]: yeah

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[melanie_mcdaniel]: his comfort zone

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[casey___melanie_mcdaniel]: absolutely

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[melanie_mcdaniel]: right

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[casey___melanie_mcdaniel]: yep

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[melanie_mcdaniel]: yeah so by the time i had
that conversation with him i was very well

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[melanie_mcdaniel]: prepared for it i didn't say much
and

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[casey___melanie_mcdaniel]: i

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[melanie_mcdaniel]: i kind of took the attitude of
okay thank you for the negative motivation it

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[melanie_mcdaniel]: still motivation but the next thing is
i'm going to show you

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[casey___melanie_mcdaniel]: yeah yeah

182
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[melanie_mcdaniel]: i don't need to say anything i'm
just going to go and be successful and

183
00:07:28,371 --> 00:07:30,835
[melanie_mcdaniel]: that that's it that was my my
way of handling it

184
00:07:31,140 --> 00:07:31,748
[casey___melanie_mcdaniel]: yeah

185
00:07:31,997 --> 00:07:36,864
[melanie_mcdaniel]: so real estate agent two and a
half years but i mostly served investors because

186
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[melanie_mcdaniel]: by the time i by the time
twenty seventeen rolls around i have spent hundreds

187
00:07:42,603 --> 00:07:46,214
[melanie_mcdaniel]: if not thousands of hours on patrol
listening to bigger pockets

188
00:07:47,710 --> 00:07:48,230
[casey___melanie_mcdaniel]: there you go

189
00:07:48,501 --> 00:07:48,803
[melanie_mcdaniel]: oh

190
00:07:48,731 --> 00:07:53,055
[casey___melanie_mcdaniel]: i mean that's that's talk about using
one time for i mean that's that's the

191
00:07:53,155 --> 00:07:55,617
[casey___melanie_mcdaniel]: true essence of buying your time back
i mean

192
00:07:56,034 --> 00:07:56,319
[melanie_mcdaniel]: ah

193
00:07:56,058 --> 00:07:57,279
[casey___melanie_mcdaniel]: and educating yourself

194
00:07:58,521 --> 00:08:00,586
[melanie_mcdaniel]: i wasn't the best government employee ever

195
00:08:01,080 --> 00:08:02,643
[casey___melanie_mcdaniel]: well you got the job done right

196
00:08:04,261 --> 00:08:10,352
[melanie_mcdaniel]: yeah yeah and then i did the
rich dead ported elite legacy twenty seven thousand

197
00:08:10,412 --> 00:08:13,717
[melanie_mcdaniel]: dollar coaching program thing so i had
that under my belt and i had all

198
00:08:13,757 --> 00:08:15,260
[melanie_mcdaniel]: the hours of listening i was ready

199
00:08:15,423 --> 00:08:15,563
[casey___melanie_mcdaniel]: yep

200
00:08:15,500 --> 00:08:19,265
[melanie_mcdaniel]: right take it on so when i
became an agent i knew that wasn't the

201
00:08:19,385 --> 00:08:22,349
[melanie_mcdaniel]: end i knew i gave myself three
years that was the amount of time that

202
00:08:22,369 --> 00:08:24,902
[melanie_mcdaniel]: i was going to be an agent
i got out of it in two and

203
00:08:24,922 --> 00:08:28,248
[melanie_mcdaniel]: a half years but during those two
and a half years started off real slow

204
00:08:28,468 --> 00:08:31,333
[melanie_mcdaniel]: very dry and painful the first six
months but once i took off i took

205
00:08:31,393 --> 00:08:34,859
[melanie_mcdaniel]: off because i did i started a
meat up i had all sorts of investor

206
00:08:34,919 --> 00:08:37,784
[melanie_mcdaniel]: clients and you know investors i don't
buy one house every seven years they buy

207
00:08:37,884 --> 00:08:42,311
[melanie_mcdaniel]: seven houses a year so as soon
as i got my base clientil it was

208
00:08:42,471 --> 00:08:46,017
[melanie_mcdaniel]: kind of i hit my stride i
had to start a team i had to

209
00:08:46,057 --> 00:08:49,884
[melanie_mcdaniel]: start handing out a lot of business
and when the end of twenty nineteen rolled

210
00:08:49,924 --> 00:08:54,031
[melanie_mcdaniel]: around i had made enough money and
i had a big enough team that i

211
00:08:54,431 --> 00:08:57,997
[melanie_mcdaniel]: told them i believing i sold everything
i have no had no belongings except my

212
00:08:58,077 --> 00:09:03,086
[melanie_mcdaniel]: car booked to trip to tie and
and told them give me six months of

213
00:09:03,146 --> 00:09:07,693
[melanie_mcdaniel]: runway where i would still get my
splits as the team met team leader and

214
00:09:07,714 --> 00:09:10,839
[melanie_mcdaniel]: then i'll give you my book of
business and the team can be yours so

215
00:09:10,919 --> 00:09:15,944
[melanie_mcdaniel]: that was the de ma i shipped
off for ty land in january spent a

216
00:09:15,984 --> 00:09:20,728
[melanie_mcdaniel]: month there and launched free style capital
group because i knew i wanted to move

217
00:09:20,848 --> 00:09:25,894
[melanie_mcdaniel]: from obviously the agent thing but i
had picked apartment complexes and i had done

218
00:09:25,934 --> 00:09:30,682
[melanie_mcdaniel]: michael blanks coaching program for the apartment
we closed on our first apartment in january

219
00:09:30,742 --> 00:09:34,869
[melanie_mcdaniel]: of twenty twenty that's while i was
in tyland and that was kind of the

220
00:09:34,969 --> 00:09:39,691
[melanie_mcdaniel]: start of the journey in the process
of buying that twenty four unit i realized

221
00:09:39,751 --> 00:09:43,858
[melanie_mcdaniel]: i didn't like most of the acquisition
process i really wasn't interested in managing a

222
00:09:43,898 --> 00:09:50,029
[melanie_mcdaniel]: property manager i really just like talking
about money and investing and helping other people

223
00:09:50,149 --> 00:09:53,255
[melanie_mcdaniel]: just like me get out if the
rat race get out of you now get

224
00:09:53,275 --> 00:09:56,962
[melanie_mcdaniel]: their money working for them and building
that passive income so they could be financially

225
00:09:57,022 --> 00:09:57,183
[melanie_mcdaniel]: free

226
00:09:57,340 --> 00:09:57,461
[casey___melanie_mcdaniel]: yep

227
00:09:57,664 --> 00:10:01,361
[melanie_mcdaniel]: so that's where my heart was and
that's why i kind of lean toward the

228
00:10:01,401 --> 00:10:06,290
[melanie_mcdaniel]: capital raising launched free style capital group
and that was the start of the path

229
00:10:06,350 --> 00:10:06,753
[melanie_mcdaniel]: i'm on now

230
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[casey___melanie_mcdaniel]: awesome and of course that's for for
the listeners that just so there's some context

231
00:10:12,579 --> 00:10:16,345
[casey___melanie_mcdaniel]: to what she say and basically she's
talking about a s p v special purpose

232
00:10:16,405 --> 00:10:22,776
[casey___melanie_mcdaniel]: vehicle which is in essence another term
for fund of funds or something along those

233
00:10:22,876 --> 00:10:26,562
[casey___melanie_mcdaniel]: lines of depending upon how the i
guess that really is just a fund of

234
00:10:26,622 --> 00:10:28,485
[casey___melanie_mcdaniel]: funds honestly isn't it i mean

235
00:10:28,811 --> 00:10:28,934
[melanie_mcdaniel]: yeah

236
00:10:29,126 --> 00:10:33,173
[casey___melanie_mcdaniel]: that's that's basically at the at the
end today exactly what it is but so

237
00:10:33,233 --> 00:10:33,374
[casey___melanie_mcdaniel]: don't

238
00:10:33,421 --> 00:10:33,563
[melanie_mcdaniel]: yeah

239
00:10:33,514 --> 00:10:39,564
[casey___melanie_mcdaniel]: get caught up on the terms but
all right so so tell us specifically about

240
00:10:41,167 --> 00:10:47,303
[casey___melanie_mcdaniel]: your fund how you got it started
and what did what did it look like

241
00:10:47,443 --> 00:10:53,075
[casey___melanie_mcdaniel]: when you basically so you end up
with a p p m an operating agreement

242
00:10:53,315 --> 00:10:58,885
[casey___melanie_mcdaniel]: and some contacts as far as operators
to work with right and i'm assuming that

243
00:10:58,945 --> 00:11:02,811
[casey___melanie_mcdaniel]: all of that kind of is sitting
there and then you have to go out

244
00:11:02,852 --> 00:11:08,142
[casey___melanie_mcdaniel]: and get money so how did how
did all of that look and and what

245
00:11:09,565 --> 00:11:10,968
[casey___melanie_mcdaniel]: just kind of walk us through the
steps

246
00:11:12,752 --> 00:11:16,277
[melanie_mcdaniel]: um okay so for the s p
v and so s p v is a

247
00:11:16,338 --> 00:11:21,045
[melanie_mcdaniel]: single purpose vehicle or a special purpose
entity s p e there's the same thing

248
00:11:21,146 --> 00:11:25,393
[melanie_mcdaniel]: even if fund of funds those terms
can all get interchanged depending on who's using

249
00:11:25,413 --> 00:11:30,802
[melanie_mcdaniel]: them for what companies can use them
to to keep risk out of the big

250
00:11:30,882 --> 00:11:33,646
[melanie_mcdaniel]: part of the company so they'll start
an s p v a special purpose vehicle

251
00:11:33,847 --> 00:11:38,414
[melanie_mcdaniel]: or a special whatever purpose i take
whatever to do some other side business within

252
00:11:38,474 --> 00:11:43,543
[melanie_mcdaniel]: the business but for us in our
space if we are bringing capital to another

253
00:11:43,723 --> 00:11:47,129
[melanie_mcdaniel]: sponsor then we can form a single
purpose vehicle which is for the purpose of

254
00:11:47,610 --> 00:11:52,946
[melanie_mcdaniel]: one dentified i mean it could be
multiple identified but the idea that they're identified

255
00:11:52,966 --> 00:11:58,375
[melanie_mcdaniel]: is not a blind fund it's a
single purpose so um starting in twenty twenty

256
00:11:58,435 --> 00:12:01,821
[melanie_mcdaniel]: when i launched free style capital group
i thought oh i'm going to raise money

257
00:12:01,921 --> 00:12:04,946
[melanie_mcdaniel]: for x y and z and so
i've just like sitting back waiting for them

258
00:12:04,986 --> 00:12:09,393
[melanie_mcdaniel]: to call me right well covid happens
we get shut down in february of twenty

259
00:12:09,453 --> 00:12:10,775
[melanie_mcdaniel]: twenty nobody's buying deals

260
00:12:10,890 --> 00:12:10,910
[casey___melanie_mcdaniel]: m

261
00:12:11,416 --> 00:12:17,126
[melanie_mcdaniel]: and it wasn't until like july started
seeing some of my preferred operators buying deals

262
00:12:17,186 --> 00:12:19,851
[melanie_mcdaniel]: and i'm call them up hello guys
hey

263
00:12:20,602 --> 00:12:20,725
[casey___melanie_mcdaniel]: yep

264
00:12:21,073 --> 00:12:23,557
[melanie_mcdaniel]: i see you just did a deal
and you didn't call me and they're like

265
00:12:23,617 --> 00:12:26,221
[melanie_mcdaniel]: oh we're good melody when you're at
a dry spell for a sec once we

266
00:12:26,281 --> 00:12:29,306
[melanie_mcdaniel]: don't need money and they're like okay
next one and then they did a second

267
00:12:29,366 --> 00:12:30,949
[melanie_mcdaniel]: deal and nothing they didn't call

268
00:12:30,780 --> 00:12:30,800
[casey___melanie_mcdaniel]: m

269
00:12:31,009 --> 00:12:34,795
[melanie_mcdaniel]: me so i thought oh my goodness
i had all my eggs in the basket

270
00:12:34,856 --> 00:12:37,800
[melanie_mcdaniel]: of these three operators who i thought
for sure would be my guys and then

271
00:12:38,003 --> 00:12:42,286
[melanie_mcdaniel]: call me so first lesson if you
are going to participate as a fund of

272
00:12:42,366 --> 00:12:46,810
[melanie_mcdaniel]: funds or an s p v or
whatever into a sponsorship you need multiple

273
00:12:46,680 --> 00:12:47,970
[casey___melanie_mcdaniel]: yeah

274
00:12:46,911 --> 00:12:52,816
[melanie_mcdaniel]: sponsors and at this point i would
say even hundreds of sponsors because depending on

275
00:12:52,977 --> 00:12:57,304
[melanie_mcdaniel]: how stringent you are on underwriting i
think i love a sponsor and they've got

276
00:12:57,384 --> 00:13:00,008
[melanie_mcdaniel]: a big track record they're doing twenty
deals a year and then i look at

277
00:13:00,028 --> 00:13:04,504
[melanie_mcdaniel]: their underwriting and i'm like oh my
gosh i would never raise capital for some

278
00:13:04,544 --> 00:13:07,573
[melanie_mcdaniel]: of these guys and they've got these
huge platforms and doing all sorts of deals

279
00:13:08,475 --> 00:13:13,789
[melanie_mcdaniel]: so the first lesson is building those
relationships first of all people that you can

280
00:13:13,950 --> 00:13:19,057
[melanie_mcdaniel]: partner with and depending on what type
of person you are like you're not going

281
00:13:19,098 --> 00:13:20,543
[melanie_mcdaniel]: to do every deal that comes across
your desk

282
00:13:20,802 --> 00:13:20,965
[casey___melanie_mcdaniel]: right

283
00:13:20,925 --> 00:13:24,733
[melanie_mcdaniel]: in fact you probably do like per
cent of them or less

284
00:13:24,891 --> 00:13:25,195
[casey___melanie_mcdaniel]: correct

285
00:13:25,615 --> 00:13:27,759
[melanie_mcdaniel]: so it took a long time to
do the first deal

286
00:13:29,070 --> 00:13:29,275
[casey___melanie_mcdaniel]: oh

287
00:13:29,631 --> 00:13:32,838
[melanie_mcdaniel]: first deal came in july and we
didn't close till september and that was with

288
00:13:33,039 --> 00:13:35,725
[melanie_mcdaniel]: someone who i think i met like
a virtual meet up because you know in

289
00:13:35,785 --> 00:13:36,727
[melanie_mcdaniel]: twenty twenty those were big

290
00:13:37,291 --> 00:13:38,915
[casey___melanie_mcdaniel]: everything was virtual in twenty twenty

291
00:13:40,521 --> 00:13:42,725
[melanie_mcdaniel]: all right sorry no i didn't even
do a deal in twenty twenty it was

292
00:13:42,745 --> 00:13:45,650
[melanie_mcdaniel]: twenty twenty one it was literally year
and a half before i did my first

293
00:13:45,690 --> 00:13:49,516
[melanie_mcdaniel]: deal sorry so i lost all all
of twenty twenty and that was where i

294
00:13:49,596 --> 00:13:49,837
[melanie_mcdaniel]: went to

295
00:13:49,850 --> 00:13:50,091
[casey___melanie_mcdaniel]: okay

296
00:13:49,917 --> 00:13:50,578
[melanie_mcdaniel]: a ton of virtual

297
00:13:50,292 --> 00:13:50,412
[casey___melanie_mcdaniel]: so

298
00:13:50,638 --> 00:13:50,879
[melanie_mcdaniel]: meeting

299
00:13:51,095 --> 00:13:57,235
[casey___melanie_mcdaniel]: let's let's back up real quick i
think i need to clarify for the listeners

300
00:13:57,857 --> 00:14:01,366
[casey___melanie_mcdaniel]: i think there's there's probably going a
b a little bit of confusion around this

301
00:14:02,048 --> 00:14:09,020
[casey___melanie_mcdaniel]: this this topic and when she's talking
about a single purpose vehicle basically what's happening

302
00:14:09,200 --> 00:14:14,709
[casey___melanie_mcdaniel]: is is an operator underrightes of property
and sets up an acquisition signs a contract

303
00:14:15,230 --> 00:14:21,781
[casey___melanie_mcdaniel]: calls her and says meloney i need
you to would you be good raising say

304
00:14:21,941 --> 00:14:28,092
[casey___melanie_mcdaniel]: two million dollars of our five million
dollar capital need then mellen raises it into

305
00:14:28,733 --> 00:14:34,923
[casey___melanie_mcdaniel]: that vehicle then that vehicle invests in
one two three main street apartment complex deal

306
00:14:35,344 --> 00:14:41,815
[casey___melanie_mcdaniel]: with that selected operator now what what
which is essentially how a fund of funds

307
00:14:41,995 --> 00:14:50,910
[casey___melanie_mcdaniel]: works same same interchangeable term however a
fund of funds can also be like for

308
00:14:50,990 --> 00:14:58,062
[casey___melanie_mcdaniel]: instance my fund is set up to
cater to three specific operators who also have

309
00:14:58,162 --> 00:15:07,257
[casey___melanie_mcdaniel]: funds so we are taking pooled capital
and investing it for diversification purposes across multiple

310
00:15:07,377 --> 00:15:12,245
[casey___melanie_mcdaniel]: operators within the fund so we talk
a lot about fund of funds on here

311
00:15:12,325 --> 00:15:17,093
[casey___melanie_mcdaniel]: so i thought it definitely needed to
be explained because when you talk about a

312
00:15:17,194 --> 00:15:22,222
[casey___melanie_mcdaniel]: single purpose vehicle that's why you're talking
about then the timing of a certain deal

313
00:15:22,342 --> 00:15:27,090
[casey___melanie_mcdaniel]: so you're privi to all the underwriting
you're privi to all of the base call

314
00:15:27,271 --> 00:15:34,376
[casey___melanie_mcdaniel]: everything and then you step in i'm
assuming under maybe slightly preferential terms if you

315
00:15:34,857 --> 00:15:40,846
[casey___melanie_mcdaniel]: can in my right in right in
that matter now some of the preferential terms

316
00:15:40,866 --> 00:15:46,876
[casey___melanie_mcdaniel]: have gone away as as there's been
a bunch of capital that's been in the

317
00:15:46,916 --> 00:15:50,763
[casey___melanie_mcdaniel]: market place some of the preferen tall
terms have kind of dried up as far

318
00:15:50,863 --> 00:15:56,452
[casey___melanie_mcdaniel]: as like um but i'm assuming there's
some preference somewhere for them to call you

319
00:15:56,492 --> 00:16:01,381
[casey___melanie_mcdaniel]: and say malone will you raise two
million dollars of our deal we'll give you

320
00:16:01,621 --> 00:16:04,826
[casey___melanie_mcdaniel]: a one percent better prayer for a
ten per cent better split on the back

321
00:16:04,927 --> 00:16:10,115
[casey___melanie_mcdaniel]: side something along those lines and that's
typically why somebody would go to a person

322
00:16:10,195 --> 00:16:18,511
[casey___melanie_mcdaniel]: like melloni to invest with her because
then she's getting preferential treatment from the operator

323
00:16:19,553 --> 00:16:25,644
[casey___melanie_mcdaniel]: then she can pass that preferential treatment
back to her investors now am i right

324
00:16:25,684 --> 00:16:28,268
[casey___melanie_mcdaniel]: about all of that is that pretty
much how everything is set up

325
00:16:29,992 --> 00:16:35,982
[melanie_mcdaniel]: uh yes but more importantly we're dealing
in securities so it's not just like i

326
00:16:36,242 --> 00:16:39,367
[melanie_mcdaniel]: raise capital and bring capital to a
deal that's not how it works at all

327
00:16:39,407 --> 00:16:42,512
[melanie_mcdaniel]: i'm not a broker dealer i don't
have a license do that so

328
00:16:42,410 --> 00:16:42,754
[casey___melanie_mcdaniel]: correct

329
00:16:43,174 --> 00:16:47,721
[melanie_mcdaniel]: i actually have always gotten g p
shares and i have a job on the

330
00:16:47,761 --> 00:16:51,668
[melanie_mcdaniel]: g p i am still as the
operator the manager of the fund or fund

331
00:16:51,708 --> 00:16:57,164
[melanie_mcdaniel]: of funds i have on the the
g p that make me a actual partner

332
00:16:57,425 --> 00:16:58,508
[melanie_mcdaniel]: in the sponsorship

333
00:16:58,780 --> 00:16:58,922
[casey___melanie_mcdaniel]: kay

334
00:16:59,291 --> 00:17:03,057
[melanie_mcdaniel]: even though my fund is just an
l p i am a g p or

335
00:17:03,297 --> 00:17:07,024
[melanie_mcdaniel]: i've structured it before where my s
p v gets the g p shares

336
00:17:07,280 --> 00:17:07,706
[casey___melanie_mcdaniel]: gotta

337
00:17:07,284 --> 00:17:11,030
[melanie_mcdaniel]: and then my my upside or my
pay day comes at the end when we

338
00:17:11,751 --> 00:17:12,553
[melanie_mcdaniel]: um exceed

339
00:17:12,783 --> 00:17:12,845
[casey___melanie_mcdaniel]: ah

340
00:17:12,793 --> 00:17:13,675
[melanie_mcdaniel]: returns then that's

341
00:17:13,550 --> 00:17:13,933
[casey___melanie_mcdaniel]: gosh

342
00:17:13,715 --> 00:17:14,676
[melanie_mcdaniel]: when my pay day comes so

343
00:17:14,870 --> 00:17:15,013
[casey___melanie_mcdaniel]: yep

344
00:17:15,538 --> 00:17:16,559
[melanie_mcdaniel]: i always try

345
00:17:16,482 --> 00:17:16,502
[casey___melanie_mcdaniel]: m

346
00:17:16,640 --> 00:17:17,581
[melanie_mcdaniel]: to get paid

347
00:17:17,529 --> 00:17:17,550
[casey___melanie_mcdaniel]: m

348
00:17:17,641 --> 00:17:20,827
[melanie_mcdaniel]: from the sponsor so i don't have
to dilute the investor returns at all and

349
00:17:20,847 --> 00:17:25,074
[melanie_mcdaniel]: that's typically in the of g p
shares it could be in the form of

350
00:17:25,134 --> 00:17:29,561
[melanie_mcdaniel]: a due diligence fee could be anything
could be negotiated but at the end of

351
00:17:29,601 --> 00:17:30,643
[melanie_mcdaniel]: the day yes we

352
00:17:30,608 --> 00:17:30,751
[casey___melanie_mcdaniel]: yeah

353
00:17:30,783 --> 00:17:33,568
[melanie_mcdaniel]: can if we write a bigger check
you can get preferential

354
00:17:33,540 --> 00:17:34,380
[casey___melanie_mcdaniel]: yeah

355
00:17:33,668 --> 00:17:36,259
[melanie_mcdaniel]: treatment and you can qualify for classes
of shares but

356
00:17:36,174 --> 00:17:36,256
[casey___melanie_mcdaniel]: ah

357
00:17:36,359 --> 00:17:36,904
[melanie_mcdaniel]: not always

358
00:17:36,990 --> 00:17:41,617
[casey___melanie_mcdaniel]: and i think it's important to point
out for the listeners as well that um

359
00:17:42,679 --> 00:17:48,789
[casey___melanie_mcdaniel]: when we talk about finn we talk
about securities and and and what we're doing

360
00:17:49,070 --> 00:17:55,020
[casey___melanie_mcdaniel]: or it's very ultra actually it's ultra
important to point out that none of the

361
00:17:55,120 --> 00:18:02,773
[casey___melanie_mcdaniel]: compensation from the operator or the entity
or the property associated with the deal can

362
00:18:02,933 --> 00:18:08,843
[casey___melanie_mcdaniel]: come to somebody like melon based on
how much capital like they can't call millin

363
00:18:08,943 --> 00:18:14,091
[casey___melanie_mcdaniel]: up to hey if you raise five
million dollars i'll pay you half million dollars

364
00:18:14,572 --> 00:18:19,541
[casey___melanie_mcdaniel]: it has she so she's going in
as a qualified par and ere on the

365
00:18:19,621 --> 00:18:26,432
[casey___melanie_mcdaniel]: g p because she actually has responsibilities
like maybe let's say like for instance maybe

366
00:18:26,552 --> 00:18:33,444
[casey___melanie_mcdaniel]: a marketing gig inside the inside the
the company where like they say hey mellon

367
00:18:33,544 --> 00:18:37,270
[casey___melanie_mcdaniel]: you take care of the marketing you
take care of the graphic design part and

368
00:18:37,490 --> 00:18:41,237
[casey___melanie_mcdaniel]: that's going to be your job as
far as the g p side goes and

369
00:18:41,277 --> 00:18:45,664
[casey___melanie_mcdaniel]: so obviously those are ex poles probably
not exactly what you do but i guess

370
00:18:46,906 --> 00:18:51,794
[casey___melanie_mcdaniel]: i think it's just ultra important that
people really really understand that these things are

371
00:18:52,616 --> 00:18:56,862
[casey___melanie_mcdaniel]: you have to just tread lightly this
can't be something you just go into and

372
00:18:56,902 --> 00:19:02,088
[casey___melanie_mcdaniel]: just splash and start throwing capital around
and and and and buying it because you

373
00:19:02,168 --> 00:19:10,699
[casey___melanie_mcdaniel]: will you will tread over into s
c c regulated territory fairly easily if you're

374
00:19:10,740 --> 00:19:18,918
[casey___melanie_mcdaniel]: not careful and the s c c
is pretty much not your friend most of

375
00:19:18,978 --> 00:19:19,299
[casey___melanie_mcdaniel]: the time

376
00:19:20,382 --> 00:19:25,633
[melanie_mcdaniel]: ah no they don't exist to help
us at all exist

377
00:19:25,430 --> 00:19:25,710
[casey___melanie_mcdaniel]: and a lot

378
00:19:25,714 --> 00:19:25,794
[melanie_mcdaniel]: to

379
00:19:25,750 --> 00:19:26,051
[casey___melanie_mcdaniel]: of people

380
00:19:25,914 --> 00:19:26,255
[melanie_mcdaniel]: protect

381
00:19:26,131 --> 00:19:26,311
[casey___melanie_mcdaniel]: think

382
00:19:26,315 --> 00:19:26,416
[melanie_mcdaniel]: the

383
00:19:26,392 --> 00:19:26,532
[casey___melanie_mcdaniel]: that

384
00:19:26,476 --> 00:19:26,957
[melanie_mcdaniel]: american

385
00:19:26,872 --> 00:19:27,053
[casey___melanie_mcdaniel]: a lot

386
00:19:27,038 --> 00:19:27,319
[melanie_mcdaniel]: people

387
00:19:27,093 --> 00:19:29,396
[casey___melanie_mcdaniel]: of people think that if you get
in trouble with them that c c is

388
00:19:29,416 --> 00:19:36,308
[casey___melanie_mcdaniel]: going to call and say hey so
you you messed up and now they're going

389
00:19:36,328 --> 00:19:39,233
[casey___melanie_mcdaniel]: to call and they're going to say
we want your email server we want every

390
00:19:39,353 --> 00:19:43,680
[casey___melanie_mcdaniel]: email you've ever sent we want your
computers we want everything here it has to

391
00:19:43,741 --> 00:19:49,354
[casey___melanie_mcdaniel]: be sent to us at your expense
and your attorney i mean and it's just

392
00:19:49,514 --> 00:19:55,621
[casey___melanie_mcdaniel]: boom i mean the there's no joke
they don't they're not there to be like

393
00:19:55,881 --> 00:19:58,584
[casey___melanie_mcdaniel]: make you give a warm and fuzzy
feeling like your mom used to do it's

394
00:19:58,884 --> 00:20:03,208
[casey___melanie_mcdaniel]: no it's boom boom boom we want
this and you're guilty until you send us

395
00:20:03,268 --> 00:20:06,035
[casey___melanie_mcdaniel]: enough stuff to prove that you're innocent
ye

396
00:20:06,021 --> 00:20:06,904
[melanie_mcdaniel]: yeah yeah

397
00:20:07,021 --> 00:20:07,103
[casey___melanie_mcdaniel]: go

398
00:20:07,105 --> 00:20:07,165
[melanie_mcdaniel]: we

399
00:20:07,164 --> 00:20:07,369
[casey___melanie_mcdaniel]: ahead

400
00:20:07,206 --> 00:20:09,616
[melanie_mcdaniel]: don't want to we don't want to
go there by any means

401
00:20:09,670 --> 00:20:11,036
[casey___melanie_mcdaniel]: no so

402
00:20:11,412 --> 00:20:11,554
[melanie_mcdaniel]: um

403
00:20:11,579 --> 00:20:12,884
[casey___melanie_mcdaniel]: anyway proceed i'm sorry

404
00:20:14,131 --> 00:20:17,156
[melanie_mcdaniel]: i was i don't know he you're
talking about the s p v so the

405
00:20:17,216 --> 00:20:19,620
[melanie_mcdaniel]: first day it was an s p
v a fund of fun so yes the

406
00:20:19,800 --> 00:20:23,947
[melanie_mcdaniel]: fund has its own p p m
its own subscription agreement everything and then the

407
00:20:24,087 --> 00:20:27,742
[melanie_mcdaniel]: fund is an entity by and that's
what invests as the l p and the

408
00:20:27,782 --> 00:20:32,135
[melanie_mcdaniel]: sponsors deal so if you're wanting to
do something like this you need a deal

409
00:20:32,216 --> 00:20:35,140
[melanie_mcdaniel]: to raise for right you need to
deal to participate in and you don't have

410
00:20:35,221 --> 00:20:38,686
[melanie_mcdaniel]: to be a g p or have
co g p shares you just can't get

411
00:20:39,007 --> 00:20:44,216
[melanie_mcdaniel]: paid any way from the operator on
less you do so you can negotiate higher

412
00:20:44,336 --> 00:20:46,740
[melanie_mcdaniel]: splits because you if you can come
in you put all your friends in an

413
00:20:46,860 --> 00:20:49,124
[melanie_mcdaniel]: s p v and you all go
together and you can write a five million

414
00:20:49,144 --> 00:20:52,970
[melanie_mcdaniel]: dollar check you better believe they're going
to give you some some treatment

415
00:20:53,080 --> 00:20:53,402
[casey___melanie_mcdaniel]: prefer

416
00:20:53,512 --> 00:20:53,813
[melanie_mcdaniel]: above

417
00:20:53,543 --> 00:20:54,187
[casey___melanie_mcdaniel]: tea yep

418
00:20:54,114 --> 00:20:57,723
[melanie_mcdaniel]: you know so i mean if you
were trying to get paid then at that

419
00:20:57,783 --> 00:21:00,809
[melanie_mcdaniel]: point you could just take a promote
or having a fee of some sort in

420
00:21:00,849 --> 00:21:04,134
[melanie_mcdaniel]: the fund but then you're diluting investor
shares so that's why i try to get

421
00:21:04,174 --> 00:21:08,882
[melanie_mcdaniel]: paid from the sponsor and honestly if
i am bringing an investor capital and their

422
00:21:08,942 --> 00:21:11,987
[melanie_mcdaniel]: are limited partners and they have no
say in anything and i bring it to

423
00:21:12,067 --> 00:21:15,773
[melanie_mcdaniel]: a deal i want g p shares
i want to be on i want a

424
00:21:15,874 --> 00:21:19,319
[melanie_mcdaniel]: vote i want to sit at the
table when big decisions are being made because

425
00:21:19,560 --> 00:21:23,494
[melanie_mcdaniel]: i need to do that and represent
the people in my s p v or

426
00:21:23,514 --> 00:21:23,856
[melanie_mcdaniel]: my fund

427
00:21:24,930 --> 00:21:25,215
[casey___melanie_mcdaniel]: oh

428
00:21:25,171 --> 00:21:28,516
[melanie_mcdaniel]: so yeah so i did my first
s p v it was actually twenty twenty

429
00:21:28,576 --> 00:21:31,421
[melanie_mcdaniel]: one so all of twenty twenty i
was just building the data base

430
00:21:31,350 --> 00:21:32,520
[casey___melanie_mcdaniel]: yeah

431
00:21:31,521 --> 00:21:32,743
[melanie_mcdaniel]: talking to sponsors looking

432
00:21:32,550 --> 00:21:32,570
[casey___melanie_mcdaniel]: m

433
00:21:32,803 --> 00:21:36,469
[melanie_mcdaniel]: at deals throwing out deals and twenty
twenty was a hard year anyway to do

434
00:21:36,529 --> 00:21:40,534
[melanie_mcdaniel]: deals so it's kind of like a
whole last year to me but when we

435
00:21:40,594 --> 00:21:45,299
[melanie_mcdaniel]: went virtual and everybody was on virtual
meet ups virtual conferences virtual everything i was

436
00:21:45,419 --> 00:21:50,068
[melanie_mcdaniel]: all over the nation sitting in my
chair at my house in voice or salt

437
00:21:50,060 --> 00:21:50,202
[casey___melanie_mcdaniel]: yep

438
00:21:50,108 --> 00:21:53,536
[melanie_mcdaniel]: lake or arizona wherever i was i
was homeless nomadic at the time i was

439
00:21:53,597 --> 00:21:58,466
[melanie_mcdaniel]: living all over the place so um
twenty twenty was a year of building the

440
00:21:58,526 --> 00:22:01,371
[melanie_mcdaniel]: relationships and this is going to be
very important for what i think what we're

441
00:22:01,391 --> 00:22:05,558
[melanie_mcdaniel]: going to talk about later for the
raising capital and finding people right i do

442
00:22:05,618 --> 00:22:09,825
[melanie_mcdaniel]: it different i don't do it way
of a funnel i don't have a big

443
00:22:09,905 --> 00:22:14,282
[melanie_mcdaniel]: funnel with thousands of people i have
i target a small group people who re

444
00:22:14,362 --> 00:22:18,348
[melanie_mcdaniel]: invest with me over and over so
the relationship piece is huge it goes for

445
00:22:18,428 --> 00:22:22,575
[melanie_mcdaniel]: investors but it goes for sponsors as
well because sponsors need to trust you like

446
00:22:22,656 --> 00:22:24,679
[melanie_mcdaniel]: you and and want to work with
you as well

447
00:22:25,551 --> 00:22:31,541
[casey___melanie_mcdaniel]: and part of what you touched on
back a few sentences ago i'm a real

448
00:22:31,881 --> 00:22:37,871
[casey___melanie_mcdaniel]: i like talking about alignment of interest
and i think that i think that's a

449
00:22:37,971 --> 00:22:43,340
[casey___melanie_mcdaniel]: term or a topic that that gets
passed over too many times in some of

450
00:22:43,400 --> 00:22:50,472
[casey___melanie_mcdaniel]: these discussions and again with some of
the more complicated dynamics of a fund a

451
00:22:50,572 --> 00:22:58,005
[casey___melanie_mcdaniel]: fund alignment of interests is huge and
especially with what you're talking about where where

452
00:22:58,105 --> 00:23:03,815
[casey___melanie_mcdaniel]: like for instance you said i don't
want to delude investor fun if and when

453
00:23:03,875 --> 00:23:10,365
[casey___melanie_mcdaniel]: you when you start raising capital and
you look back if you're if your investors

454
00:23:10,606 --> 00:23:15,514
[casey___melanie_mcdaniel]: ever feel sub lined and maybe that's
not even a tub but sub line i

455
00:23:15,554 --> 00:23:21,344
[casey___melanie_mcdaniel]: mean like like hey he's out looking
looking out for himself before he has any

456
00:23:21,424 --> 00:23:26,195
[casey___melanie_mcdaniel]: interest in even talking about our money
and if you ever become blind with your

457
00:23:26,275 --> 00:23:32,573
[casey___melanie_mcdaniel]: investors man you're in some trouble there
because not necessarily in financial trouble or jail

458
00:23:32,674 --> 00:23:37,462
[casey___melanie_mcdaniel]: trouble or anything like that but but
you're in a position where reinvestment becomes less

459
00:23:37,542 --> 00:23:43,474
[casey___melanie_mcdaniel]: and less likely the further down that
path you go so alignment of interests is

460
00:23:43,655 --> 00:23:49,254
[casey___melanie_mcdaniel]: really big and again i think that
the industry as a whole that almost needs

461
00:23:49,334 --> 00:23:54,915
[casey___melanie_mcdaniel]: to become more of a topic on
the forefront of discussion i guess is making

462
00:23:55,015 --> 00:23:59,482
[casey___melanie_mcdaniel]: sure that that as you raise capital
your investors always feel like you're all in

463
00:23:59,643 --> 00:24:06,777
[casey___melanie_mcdaniel]: with them not for not not i'm
sorry forward and with them but not yourself

464
00:24:06,857 --> 00:24:10,225
[casey___melanie_mcdaniel]: ahead of the game so go ahead
and i'd like to hear a little more

465
00:24:10,266 --> 00:24:12,650
[casey___melanie_mcdaniel]: about where you were headed with that
m

466
00:24:13,292 --> 00:24:17,138
[melanie_mcdaniel]: i was just saying that was i
did one s p v so after that

467
00:24:17,178 --> 00:24:19,662
[melanie_mcdaniel]: i did a couple of co g
p deals and co g p is where

468
00:24:19,983 --> 00:24:23,789
[melanie_mcdaniel]: you're going direct with the sponsor you're
part of the sponsorship team you're using their

469
00:24:23,869 --> 00:24:29,178
[melanie_mcdaniel]: portal investors go directly into the deal
with their p p m and there investor

470
00:24:29,238 --> 00:24:33,245
[melanie_mcdaniel]: portal you are just a partner of
the sponsorship team so that was so my

471
00:24:33,345 --> 00:24:36,771
[melanie_mcdaniel]: first one the s p v was
a multi family in san antonio and then

472
00:24:36,811 --> 00:24:40,317
[melanie_mcdaniel]: i did an assisted living co g
p and i did a triple net co

473
00:24:40,377 --> 00:24:46,347
[melanie_mcdaniel]: g p and then the next one
i launched a fund so it's a it's

474
00:24:46,387 --> 00:24:50,233
[melanie_mcdaniel]: a full blown fun but it's not
a blind fund customisable fund so i still

475
00:24:50,514 --> 00:24:54,140
[melanie_mcdaniel]: it's deal by deal and it's still
acts like a fund of funds but now

476
00:24:54,721 --> 00:24:58,046
[melanie_mcdaniel]: everyone's just in one fund you signed
the p p m one time and then

477
00:24:58,087 --> 00:25:01,472
[melanie_mcdaniel]: you can be in multiple deals and
you can pick steals if i have a

478
00:25:02,594 --> 00:25:06,841
[melanie_mcdaniel]: a storage deal a department deal and
assisted living deal and a triple net deal

479
00:25:06,881 --> 00:25:10,768
[melanie_mcdaniel]: and you only want to be in
the assisted living and the apartment deal then

480
00:25:10,808 --> 00:25:16,537
[melanie_mcdaniel]: that's what you choose so the calculation
that the software does is calculated based on

481
00:25:16,597 --> 00:25:19,101
[melanie_mcdaniel]: how long and in which deals you're
in so you can kind of like robin

482
00:25:19,141 --> 00:25:21,626
[melanie_mcdaniel]: hood for stocks that's robin hood for
indications so

483
00:25:21,670 --> 00:25:21,871
[casey___melanie_mcdaniel]: sure

484
00:25:22,086 --> 00:25:26,355
[melanie_mcdaniel]: that's the gout i ended up going
because s p v is if people want

485
00:25:26,415 --> 00:25:27,979
[melanie_mcdaniel]: to do that it's expensive

486
00:25:28,460 --> 00:25:28,602
[casey___melanie_mcdaniel]: yeah

487
00:25:28,711 --> 00:25:32,182
[melanie_mcdaniel]: every time you put legal documents together
like that you're out of pocket ten to

488
00:25:32,242 --> 00:25:33,266
[melanie_mcdaniel]: fifteen grand just

489
00:25:33,081 --> 00:25:33,245
[casey___melanie_mcdaniel]: yeah

490
00:25:33,406 --> 00:25:34,168
[melanie_mcdaniel]: to do an s p v

491
00:25:34,840 --> 00:25:38,306
[casey___melanie_mcdaniel]: i mean i'll never forget i could
i wired nine thousand of my own money

492
00:25:38,366 --> 00:25:42,733
[casey___melanie_mcdaniel]: to my attorney to pay for mine
and my wife was like what excuse me

493
00:25:44,116 --> 00:25:46,981
[casey___melanie_mcdaniel]: i mean that's yeah that's money off
the top to start

494
00:25:47,081 --> 00:25:47,781
[melanie_mcdaniel]: yeah

495
00:25:47,262 --> 00:25:51,431
[casey___melanie_mcdaniel]: that's before you ever raise a dollar
so all right so with that being said

496
00:25:52,092 --> 00:25:56,400
[casey___melanie_mcdaniel]: um we've got a hopefully got a
clear mud idea as far as the listeners

497
00:25:56,460 --> 00:26:00,987
[casey___melanie_mcdaniel]: are concerned about what what this this
s p v is and just know it's

498
00:26:01,107 --> 00:26:05,959
[casey___melanie_mcdaniel]: it's it's a it's lament that you're
raising capital for so with that being said

499
00:26:06,580 --> 00:26:12,603
[casey___melanie_mcdaniel]: tell us let's let's hear the first
store the story about the first time you

500
00:26:12,683 --> 00:26:17,981
[casey___melanie_mcdaniel]: raised capital like not not as a
whole but like your first person that finally

501
00:26:18,021 --> 00:26:22,188
[casey___melanie_mcdaniel]: said hey i'll give you capital i
mean what were some of the objections was

502
00:26:22,228 --> 00:26:26,235
[casey___melanie_mcdaniel]: there was it was it hard to
overcome and then i'd like to move into

503
00:26:26,275 --> 00:26:29,099
[casey___melanie_mcdaniel]: maybe hearing about your rays as a
whole

504
00:26:31,664 --> 00:26:32,868
[melanie_mcdaniel]: um so with

505
00:26:33,390 --> 00:26:33,472
[casey___melanie_mcdaniel]: ye

506
00:26:33,691 --> 00:26:37,714
[melanie_mcdaniel]: rising for an s p v if
people are used to doing just straighten the

507
00:26:37,814 --> 00:26:43,059
[melanie_mcdaniel]: indications you have that extra layer of
the fund that you have to explain and

508
00:26:43,079 --> 00:26:47,723
[melanie_mcdaniel]: you might have an extra layer of
splits or however you're getting paid which you

509
00:26:47,803 --> 00:26:54,570
[melanie_mcdaniel]: have to explain so just make sure
you understand your value and then you understand

510
00:26:55,471 --> 00:26:59,137
[melanie_mcdaniel]: i mean make them understand that they're
getting actually a better deal it's better to

511
00:26:59,177 --> 00:27:02,502
[melanie_mcdaniel]: go through me than direct to the
sponsor because we've gotten better economies of scale

512
00:27:02,562 --> 00:27:06,689
[melanie_mcdaniel]: right or whatever it is that you're
presenting you have to be prepared to talk

513
00:27:06,749 --> 00:27:11,801
[melanie_mcdaniel]: through that so that one one of
the first hurdles i think raising for an

514
00:27:11,921 --> 00:27:15,965
[melanie_mcdaniel]: s p v versa just raising for
a indication because they're an it's a little

515
00:27:16,025 --> 00:27:17,166
[melanie_mcdaniel]: learning experience

516
00:27:17,263 --> 00:27:17,426
[casey___melanie_mcdaniel]: yep

517
00:27:17,266 --> 00:27:24,203
[melanie_mcdaniel]: just for the investors and and yourself
if you've never done it before it some

518
00:27:24,283 --> 00:27:27,716
[melanie_mcdaniel]: people like look at the deal really
hard and you have to answer hard questions

519
00:27:27,877 --> 00:27:35,041
[melanie_mcdaniel]: about capac plan or assumptions for rent
increases or expenses or cap rate expansion or

520
00:27:35,302 --> 00:27:40,641
[melanie_mcdaniel]: whatever whatever it is like some people
dig into the numbers and some people they

521
00:27:40,742 --> 00:27:43,704
[melanie_mcdaniel]: just want an to know how much
money you have in the deal right

522
00:27:43,880 --> 00:27:44,022
[casey___melanie_mcdaniel]: yep

523
00:27:44,184 --> 00:27:48,091
[melanie_mcdaniel]: so i can't really say there were
a bunch of big objections

524
00:27:48,210 --> 00:27:48,473
[casey___melanie_mcdaniel]: yes

525
00:27:48,792 --> 00:27:51,917
[melanie_mcdaniel]: some people decided not to invest because
of the s p v they didn't understand

526
00:27:51,957 --> 00:27:52,438
[melanie_mcdaniel]: that structure

527
00:27:52,700 --> 00:27:52,841
[casey___melanie_mcdaniel]: yep

528
00:27:55,531 --> 00:27:59,377
[melanie_mcdaniel]: yeah i don't know it was pretty
it was a good time to twenty twenty

529
00:27:59,497 --> 00:28:02,803
[melanie_mcdaniel]: one we weren't seeing the effects of
all the money that we printed right so

530
00:28:02,883 --> 00:28:06,709
[melanie_mcdaniel]: it's not like today where you have
a lot more to consider like the debt

531
00:28:06,790 --> 00:28:12,283
[melanie_mcdaniel]: piece the assumptions and inflation is that
affecting expenses back in twenty twenty one those

532
00:28:12,323 --> 00:28:13,987
[melanie_mcdaniel]: weren't the things that people were asking

533
00:28:14,231 --> 00:28:14,801
[casey___melanie_mcdaniel]: sure sure

534
00:28:14,729 --> 00:28:17,031
[melanie_mcdaniel]: of yeah

535
00:28:16,532 --> 00:28:20,027
[casey___melanie_mcdaniel]: where were you where what was your
best source of investors

536
00:28:21,431 --> 00:28:24,957
[melanie_mcdaniel]: so back when i was an agent
and i had all those investors that came

537
00:28:25,017 --> 00:28:28,343
[melanie_mcdaniel]: to my meta i had five or
six hundred people on that list that's a

538
00:28:28,403 --> 00:28:34,740
[melanie_mcdaniel]: huge source of my data base right
now is my virginia clients and people that

539
00:28:34,760 --> 00:28:35,384
[melanie_mcdaniel]: came to my meeta

540
00:28:37,640 --> 00:28:37,882
[casey___melanie_mcdaniel]: that's

541
00:28:37,911 --> 00:28:42,040
[melanie_mcdaniel]: outside of that people i've met probably
at meet ups people i've met in person

542
00:28:42,120 --> 00:28:47,701
[melanie_mcdaniel]: at conferences conferences are big for me
i do a lot of those a few

543
00:28:47,801 --> 00:28:52,768
[melanie_mcdaniel]: people trickle in from social media or
something but a lot less most people are

544
00:28:52,828 --> 00:28:54,330
[melanie_mcdaniel]: people ave connected with in person

545
00:28:55,500 --> 00:28:55,681
[casey___melanie_mcdaniel]: okay

546
00:28:56,252 --> 00:28:56,996
[melanie_mcdaniel]: they referred to me

547
00:28:57,270 --> 00:29:02,859
[casey___melanie_mcdaniel]: and that's that's i think and it's
hard to explain sometimes but i liken it

548
00:29:02,919 --> 00:29:08,608
[casey___melanie_mcdaniel]: to you know if you drop one
hook in the water you're gonna may or

549
00:29:08,689 --> 00:29:12,795
[casey___melanie_mcdaniel]: may not one fish if you drop
a thousand hooks in the water you know

550
00:29:13,577 --> 00:29:17,463
[casey___melanie_mcdaniel]: you have basically at least a thousand
chances to catch and that's what i always

551
00:29:17,523 --> 00:29:20,829
[casey___melanie_mcdaniel]: try to tell folks when we're looking
at when we're looking at marketing because i

552
00:29:20,869 --> 00:29:24,235
[casey___melanie_mcdaniel]: get that where do you find investors
were who else are in who else is

553
00:29:24,315 --> 00:29:28,181
[casey___melanie_mcdaniel]: in these deals with you and where
do you how do you source them and

554
00:29:28,602 --> 00:29:32,568
[casey___melanie_mcdaniel]: and where you look at it and
say okay it's those relationships and then those

555
00:29:32,649 --> 00:29:39,480
[casey___melanie_mcdaniel]: relationship if each person you know you're
has however many people that they're associated with

556
00:29:39,600 --> 00:29:43,366
[casey___melanie_mcdaniel]: then you start going through the degrees
of separate you know what i'm saying you

557
00:29:43,406 --> 00:29:49,280
[casey___melanie_mcdaniel]: can start penetrating into getting more folks
referred directly to you so so do you

558
00:29:49,361 --> 00:29:52,008
[casey___melanie_mcdaniel]: handle like investor calls you just do
all of that yourself

559
00:29:53,562 --> 00:29:59,582
[melanie_mcdaniel]: because i don't have a huge data
base i don't i'm on a lot of

560
00:29:59,662 --> 00:30:02,786
[melanie_mcdaniel]: podcasts i don't have a podcast i
have a youtube channel that i stopped i

561
00:30:02,826 --> 00:30:08,644
[melanie_mcdaniel]: don't haven't posted anything probably since twenty
to anyone minor minds really relationship based

562
00:30:08,960 --> 00:30:09,102
[casey___melanie_mcdaniel]: yeah

563
00:30:09,145 --> 00:30:13,392
[melanie_mcdaniel]: and really connecting with people and what
i'm looking for because my fund is a

564
00:30:13,432 --> 00:30:18,000
[melanie_mcdaniel]: five or six c fund meeting they
need to be accredited i need to find

565
00:30:18,080 --> 00:30:21,712
[melanie_mcdaniel]: people who can invest over and over
again because honestly if i could get away

566
00:30:21,752 --> 00:30:26,054
[melanie_mcdaniel]: with having fifty households that i serve
that's it fifty people that invest and re

567
00:30:26,094 --> 00:30:28,499
[melanie_mcdaniel]: invest with me a few times a
year i would be i would be done

568
00:30:29,170 --> 00:30:29,291
[casey___melanie_mcdaniel]: yeah

569
00:30:29,601 --> 00:30:35,050
[melanie_mcdaniel]: i don't want to go and have
some really heavy duty funnel that's re targeting

570
00:30:35,150 --> 00:30:39,317
[melanie_mcdaniel]: people that's you know i get enough
of those in my email and i don't

571
00:30:39,377 --> 00:30:41,982
[melanie_mcdaniel]: like them so why would i go
span other and

572
00:30:41,902 --> 00:30:42,066
[casey___melanie_mcdaniel]: true

573
00:30:42,223 --> 00:30:44,931
[melanie_mcdaniel]: i'm not saying it's wrong there are
people that raise a lot of money because

574
00:30:44,971 --> 00:30:50,133
[melanie_mcdaniel]: they've got you know on point like
marketing program and maybe i've been a little

575
00:30:50,254 --> 00:30:53,940
[melanie_mcdaniel]: slow but the people who invest with
me i know them very well

576
00:30:54,270 --> 00:30:54,391
[casey___melanie_mcdaniel]: yeah

577
00:30:54,631 --> 00:30:54,731
[melanie_mcdaniel]: i've

578
00:30:54,693 --> 00:30:54,774
[casey___melanie_mcdaniel]: and

579
00:30:54,771 --> 00:30:54,891
[melanie_mcdaniel]: been

580
00:30:54,834 --> 00:30:55,016
[casey___melanie_mcdaniel]: that's

581
00:30:54,931 --> 00:30:56,552
[melanie_mcdaniel]: to mexico with some i travel i

582
00:30:56,640 --> 00:30:57,300
[casey___melanie_mcdaniel]: yeah

583
00:30:56,652 --> 00:30:58,634
[melanie_mcdaniel]: see them i'm in town i meet
with them

584
00:30:59,081 --> 00:30:59,245
[casey___melanie_mcdaniel]: yep

585
00:30:59,135 --> 00:31:02,618
[melanie_mcdaniel]: they can call me any time like
um that's how i want to build my

586
00:31:02,698 --> 00:31:04,620
[melanie_mcdaniel]: business that's just one way is like
the relational

587
00:31:04,600 --> 00:31:04,821
[casey___melanie_mcdaniel]: sure

588
00:31:05,761 --> 00:31:09,729
[melanie_mcdaniel]: way or there's the know the big
platform and the funnel way for sure

589
00:31:09,751 --> 00:31:13,056
[casey___melanie_mcdaniel]: and that's like my grandfather used to
say there's more than one way to skin

590
00:31:13,096 --> 00:31:17,864
[casey___melanie_mcdaniel]: a cat i mean just because you
get you get business done one way does

591
00:31:17,924 --> 00:31:23,513
[casey___melanie_mcdaniel]: not mean it's wrong as long as
it suits you is your needs uh and

592
00:31:23,654 --> 00:31:30,004
[casey___melanie_mcdaniel]: makes your investors good returns and everybody
is happy then hey you have again with

593
00:31:30,044 --> 00:31:33,150
[casey___melanie_mcdaniel]: that same you trop a thousand hooks
it's a whole lot easier to make fifty

594
00:31:33,190 --> 00:31:38,358
[casey___melanie_mcdaniel]: people happy than it is keep a
thousand people happy so um it makes perfect

595
00:31:38,418 --> 00:31:43,487
[casey___melanie_mcdaniel]: sense and there's no again there's there
anybody that would push back and say well

596
00:31:43,507 --> 00:31:49,685
[casey___melanie_mcdaniel]: you're doing it wrong is obvious le
probably not doing anything herself so well with

597
00:31:49,725 --> 00:31:54,173
[casey___melanie_mcdaniel]: that being said mellen we we're getting
kind of close to our time here and

598
00:31:54,934 --> 00:31:58,780
[casey___melanie_mcdaniel]: we have a couple of questions that
we ask every every guest comes on the

599
00:31:58,820 --> 00:32:03,604
[casey___melanie_mcdaniel]: show and there's no right or wrong
answer but the first of those questions is

600
00:32:03,845 --> 00:32:08,509
[casey___melanie_mcdaniel]: what is the best book that you
have either recently read or are currently reading

601
00:32:10,122 --> 00:32:11,165
[melanie_mcdaniel]: the best book ever

602
00:32:12,550 --> 00:32:15,755
[casey___melanie_mcdaniel]: well and we try to stay away
from a couple of things that i usually

603
00:32:15,795 --> 00:32:18,740
[casey___melanie_mcdaniel]: don't announce this but we try to
stay away from rich dad poor dad and

604
00:32:18,820 --> 00:32:24,853
[casey___melanie_mcdaniel]: the bible because obviously those are two
books that everybody has has some degree of

605
00:32:24,933 --> 00:32:25,557
[casey___melanie_mcdaniel]: connection to

606
00:32:25,605 --> 00:32:25,667
[melanie_mcdaniel]: ah

607
00:32:25,738 --> 00:32:26,643
[casey___melanie_mcdaniel]: and so we

608
00:32:26,601 --> 00:32:26,802
[melanie_mcdaniel]: that's

609
00:32:26,724 --> 00:32:26,945
[casey___melanie_mcdaniel]: want to

610
00:32:27,142 --> 00:32:29,165
[melanie_mcdaniel]: what an honor for robert kisacky to
be

611
00:32:29,570 --> 00:32:29,770
[casey___melanie_mcdaniel]: yeah

612
00:32:29,686 --> 00:32:29,866
[melanie_mcdaniel]: et

613
00:32:29,871 --> 00:32:29,931
[casey___melanie_mcdaniel]: to

614
00:32:29,966 --> 00:32:30,046
[melanie_mcdaniel]: up

615
00:32:29,971 --> 00:32:30,071
[casey___melanie_mcdaniel]: get

616
00:32:30,126 --> 00:32:30,207
[melanie_mcdaniel]: the

617
00:32:30,131 --> 00:32:30,272
[casey___melanie_mcdaniel]: his

618
00:32:30,287 --> 00:32:30,587
[melanie_mcdaniel]: level

619
00:32:30,332 --> 00:32:30,513
[casey___melanie_mcdaniel]: book

620
00:32:30,687 --> 00:32:30,828
[melanie_mcdaniel]: with

621
00:32:31,014 --> 00:32:31,235
[casey___melanie_mcdaniel]: to get

622
00:32:31,188 --> 00:32:31,208
[melanie_mcdaniel]: a

623
00:32:31,275 --> 00:32:31,395
[casey___melanie_mcdaniel]: his

624
00:32:31,308 --> 00:32:31,669
[melanie_mcdaniel]: bible

625
00:32:31,456 --> 00:32:34,826
[casey___melanie_mcdaniel]: book in the bible set to the
side yeah yeah that's exactly

626
00:32:34,453 --> 00:32:34,473
[melanie_mcdaniel]: m

627
00:32:34,966 --> 00:32:35,187
[casey___melanie_mcdaniel]: right

628
00:32:35,901 --> 00:32:36,141
[melanie_mcdaniel]: funny

629
00:32:36,633 --> 00:32:36,716
[casey___melanie_mcdaniel]: ah

630
00:32:36,682 --> 00:32:40,609
[melanie_mcdaniel]: um so ridge dead parted would be
my number one choice but it really changed

631
00:32:40,649 --> 00:32:43,814
[melanie_mcdaniel]: my life but the next book and
i read it read around the same time

632
00:32:43,874 --> 00:32:46,519
[melanie_mcdaniel]: as rich dead port and it was
that book that really helped me shift my

633
00:32:46,599 --> 00:32:49,682
[melanie_mcdaniel]: mind set so i could from employee
to entrepreneur is

634
00:32:49,610 --> 00:32:49,734
[casey___melanie_mcdaniel]: yep

635
00:32:49,763 --> 00:32:53,746
[melanie_mcdaniel]: a book called the power of now
and it's by ecerttol it's a little woo

636
00:32:53,947 --> 00:32:57,150
[melanie_mcdaniel]: it's a little out there but it's
about you know living in the present moment

637
00:32:57,973 --> 00:33:03,748
[melanie_mcdaniel]: and getting to know who you truly
are and what your purpose s and for

638
00:33:03,828 --> 00:33:07,895
[melanie_mcdaniel]: life purpose is for life and nothing
else matters that much like we don't need

639
00:33:07,935 --> 00:33:11,200
[melanie_mcdaniel]: the picket fence we don't need whatever
culture is designed for us you can break

640
00:33:11,381 --> 00:33:15,861
[melanie_mcdaniel]: free from that so that book the
power of now is just really about past

641
00:33:15,941 --> 00:33:19,107
[melanie_mcdaniel]: is past we don't even now if
it actually happened honestly the future is not

642
00:33:19,147 --> 00:33:22,011
[melanie_mcdaniel]: promised so right now is what you
have so you just need to do what

643
00:33:22,492 --> 00:33:25,117
[melanie_mcdaniel]: makes you happy now and if that's
to build your own business you do that

644
00:33:25,257 --> 00:33:27,802
[melanie_mcdaniel]: if that's to be an employee which
i doubt it is then that

645
00:33:28,330 --> 00:33:33,138
[casey___melanie_mcdaniel]: well that's what you just said about
your business i mean hey exactly

646
00:33:32,571 --> 00:33:33,741
[melanie_mcdaniel]: oh

647
00:33:33,198 --> 00:33:39,008
[casey___melanie_mcdaniel]: i mean it's just because yeah i
mean and that's the power of now and

648
00:33:39,088 --> 00:33:44,998
[casey___melanie_mcdaniel]: again take control now and make things
happen so all right what is now obviously

649
00:33:45,038 --> 00:33:49,024
[casey___melanie_mcdaniel]: this is going to be kind of
kind of a question that could could could

650
00:33:49,064 --> 00:33:53,993
[casey___melanie_mcdaniel]: garner i'm sure a hundred answers from
you but i want to know maybe if

651
00:33:54,033 --> 00:33:58,542
[casey___melanie_mcdaniel]: we can narrow it down to at
least a couple what is a dream vacation

652
00:33:58,662 --> 00:34:01,187
[casey___melanie_mcdaniel]: that you have taken or hoped to
take

653
00:34:03,442 --> 00:34:06,927
[melanie_mcdaniel]: let's go with hope to take because
the past of the past have been a

654
00:34:06,947 --> 00:34:10,993
[melanie_mcdaniel]: lot of places i want to go
on an amazon river cruise safari is high

655
00:34:11,033 --> 00:34:13,981
[melanie_mcdaniel]: on the list in fact i was
on a call earlier today talking to a

656
00:34:14,041 --> 00:34:16,829
[melanie_mcdaniel]: tour company for an kenasofari for this
year

657
00:34:16,980 --> 00:34:17,904
[casey___melanie_mcdaniel]: m m

658
00:34:17,891 --> 00:34:19,973
[melanie_mcdaniel]: those would be at the top of
my list but of course you know the

659
00:34:20,033 --> 00:34:24,217
[melanie_mcdaniel]: egypt pyramids and the holy lands and
i mean there's so many places i want

660
00:34:24,257 --> 00:34:25,338
[melanie_mcdaniel]: to go as though they've been funny

661
00:34:25,831 --> 00:34:28,295
[casey___melanie_mcdaniel]: i'm in the same boat i will
tell you that

662
00:34:28,713 --> 00:34:28,774
[melanie_mcdaniel]: so

663
00:34:29,317 --> 00:34:36,969
[casey___melanie_mcdaniel]: there is trying to think madagascar if
i was litnadosefaris i think madagascar would be

664
00:34:38,940 --> 00:34:44,246
[casey___melanie_mcdaniel]: i just i don't know if it's
if it's just the vegetation that's the changes

665
00:34:44,346 --> 00:34:48,380
[casey___melanie_mcdaniel]: i don't i don't know but it's
just there's that's such a i'm just so

666
00:34:48,480 --> 00:34:52,425
[casey___melanie_mcdaniel]: enamored with madagascar specifically as far as
that kind of stuff goes but i don't

667
00:34:52,445 --> 00:34:54,967
[casey___melanie_mcdaniel]: know if you can see the big
can you see all of the big five

668
00:34:55,027 --> 00:34:56,349
[casey___melanie_mcdaniel]: in madagascar i'm not sure

669
00:34:56,791 --> 00:34:57,752
[melanie_mcdaniel]: i have no idea

670
00:34:57,870 --> 00:34:58,052
[casey___melanie_mcdaniel]: i don't

671
00:34:57,913 --> 00:34:58,193
[melanie_mcdaniel]: it's so

672
00:34:58,093 --> 00:34:58,520
[casey___melanie_mcdaniel]: know either

673
00:34:58,333 --> 00:35:02,680
[melanie_mcdaniel]: different so kenya is close to my
heart because i've been supporting a child there

674
00:35:02,761 --> 00:35:05,706
[melanie_mcdaniel]: since twenty ten i think i'm actually
my third or fourth child by now

675
00:35:06,041 --> 00:35:06,832
[casey___melanie_mcdaniel]: sure sure

676
00:35:07,108 --> 00:35:12,357
[melanie_mcdaniel]: so that's kind of why yeah you
see the big five there in tenzania madagascar

677
00:35:12,637 --> 00:35:16,023
[melanie_mcdaniel]: they probably something different because other parts
of africa is like like the congo you

678
00:35:16,063 --> 00:35:18,627
[melanie_mcdaniel]: see the gorillas and stuff like africa
is so diverse

679
00:35:18,831 --> 00:35:19,595
[casey___melanie_mcdaniel]: yeah and i

680
00:35:19,669 --> 00:35:19,729
[melanie_mcdaniel]: in

681
00:35:19,695 --> 00:35:19,916
[casey___melanie_mcdaniel]: think

682
00:35:19,809 --> 00:35:21,433
[melanie_mcdaniel]: things i'm not sure what go scare
house

683
00:35:21,351 --> 00:35:21,555
[casey___melanie_mcdaniel]: yeah

684
00:35:21,634 --> 00:35:22,859
[melanie_mcdaniel]: maybe he watch the cartoon

685
00:35:23,350 --> 00:35:25,493
[casey___melanie_mcdaniel]: yeah there you go was cartoon figured
out so

686
00:35:26,061 --> 00:35:27,081
[melanie_mcdaniel]: yeah

687
00:35:26,194 --> 00:35:28,217
[casey___melanie_mcdaniel]: i saw a guy one time i
remember it was in

688
00:35:28,521 --> 00:35:28,848
[melanie_mcdaniel]: oh

689
00:35:28,557 --> 00:35:34,115
[casey___melanie_mcdaniel]: two thousand and five i think and
you're gonna call me crazy when i tell

690
00:35:34,135 --> 00:35:37,741
[casey___melanie_mcdaniel]: you this but in two thousand and
five i watched it now this is this

691
00:35:37,801 --> 00:35:43,793
[casey___melanie_mcdaniel]: is pre like preface book being huge
pre tons of so maybe this guy had

692
00:35:43,813 --> 00:35:45,621
[casey___melanie_mcdaniel]: his own website and

693
00:35:45,651 --> 00:35:48,385
[melanie_mcdaniel]: my space my space

694
00:35:48,480 --> 00:35:51,786
[casey___melanie_mcdaniel]: yeah we had my space right so
and maybe that's where i picked it up

695
00:35:51,906 --> 00:35:54,290
[casey___melanie_mcdaniel]: i can't remember but i watched the
guy

696
00:35:54,321 --> 00:35:54,567
[melanie_mcdaniel]: yes

697
00:35:55,051 --> 00:35:59,639
[casey___melanie_mcdaniel]: he swam the entire length of the
amazon river now i know you're going to

698
00:35:59,659 --> 00:36:06,750
[casey___melanie_mcdaniel]: say there no way this guy swam
the entire length of the amazon river and

699
00:36:06,811 --> 00:36:13,761
[casey___melanie_mcdaniel]: that is a fact parana crocadai mean
whatever it was every snakes i mean everything

700
00:36:13,921 --> 00:36:20,349
[casey___melanie_mcdaniel]: now now he had he wore a
dry suit and he had a boat or

701
00:36:20,509 --> 00:36:25,767
[casey___melanie_mcdaniel]: a raft or whatever you know whatever
the vehicle of choices for the amazon that

702
00:36:25,887 --> 00:36:29,373
[casey___melanie_mcdaniel]: followed him but they documented they filmed
the whole thing and every day he would

703
00:36:29,413 --> 00:36:33,480
[casey___melanie_mcdaniel]: swim two or three miles and then
one day he would was feeling sick i

704
00:36:33,580 --> 00:36:38,508
[casey___melanie_mcdaniel]: wouldn't swim much then he would swim
four or five miles and it was absolutely

705
00:36:38,889 --> 00:36:42,314
[casey___melanie_mcdaniel]: to me it was one of those
moments in time where when he completed it

706
00:36:42,374 --> 00:36:48,445
[casey___melanie_mcdaniel]: i was like you know man can
do anything man wants to do and that

707
00:36:48,505 --> 00:36:50,508
[casey___melanie_mcdaniel]: is if you need a look at
it i remember the guy's name but it

708
00:36:50,548 --> 00:36:53,954
[casey___melanie_mcdaniel]: was i checked it every morning and
they had a live feed you could watch

709
00:36:54,735 --> 00:36:54,815
[casey___melanie_mcdaniel]: and

710
00:36:54,822 --> 00:36:54,966
[melanie_mcdaniel]: wow

711
00:36:55,096 --> 00:37:00,045
[casey___melanie_mcdaniel]: again it was pre all of this
reality stuff and anyway it's pretty cool so

712
00:37:00,506 --> 00:37:03,853
[casey___melanie_mcdaniel]: all right well listen melani if somebody
heard something they want to reach out to

713
00:37:03,893 --> 00:37:06,438
[casey___melanie_mcdaniel]: you and get in touch with you
what is the best way for that to

714
00:37:06,498 --> 00:37:06,699
[casey___melanie_mcdaniel]: happen

715
00:37:08,792 --> 00:37:13,894
[melanie_mcdaniel]: i mean my website has all the
ways to get into you know learning more

716
00:37:13,934 --> 00:37:17,118
[melanie_mcdaniel]: about me or just my emails malone
at free state capital group dot com pretty

717
00:37:17,138 --> 00:37:18,240
[melanie_mcdaniel]: easy to remember that one

718
00:37:18,780 --> 00:37:22,626
[casey___melanie_mcdaniel]: awesome good well thank you so much
for your time we really appreciate you taking

719
00:37:22,666 --> 00:37:26,332
[casey___melanie_mcdaniel]: the time to be with us today
and listeners if you like what you heard

720
00:37:26,372 --> 00:37:31,100
[casey___melanie_mcdaniel]: today please please please scroll down give
us a five star review give us a

721
00:37:31,180 --> 00:37:34,746
[casey___melanie_mcdaniel]: review of the show and let us
know what you like and i want to

722
00:37:34,807 --> 00:37:39,194
[casey___melanie_mcdaniel]: thank everybody for their time meloney especially
you thank you again for carving the time

723
00:37:39,254 --> 00:37:43,027
[casey___melanie_mcdaniel]: out to be with us and i
hope everybody has a wonderful s of the

724
00:37:43,088 --> 00:37:43,210
[casey___melanie_mcdaniel]: day