Raising Funds and Doing Life Your Way with Melanie McDaniel

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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

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

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[melanie_mcdaniel]: that that's it that was my my
way of handling it

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[casey___melanie_mcdaniel]: yeah

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[melanie_mcdaniel]: so real estate agent two and a
half years but i mostly served investors because

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

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[melanie_mcdaniel]: if not thousands of hours on patrol
listening to bigger pockets

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[casey___melanie_mcdaniel]: there you go

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[melanie_mcdaniel]: oh

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[casey___melanie_mcdaniel]: i mean that's that's talk about using
one time for i mean that's that's the

191
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[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