Starting Your Multi-Family Journey with David Kamara

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

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[casey_]: investing podcast and youtube channel i'm here
today with david camara cape sierra capital david

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[casey_]: how are you

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[david_kamara]: i was

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[casey_]: awesome

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[david_kamara]: going to kacgreat

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[casey_]: man well we're glad to

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[david_kamara]: feeling

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[casey_]: have

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[david_kamara]: good

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[casey_]: you and before we get started the
first thing i want to do is is

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[casey_]: to remind the listeners to please head
down and smash that subscribed button if you

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[casey_]: like today's content so that you can
be notified when we release new episodes and

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that good stuff and while you're there if

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[casey_]: it's after the episode please leave us
a review and we ask kindly for a

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[casey_]: five star review so that others may
get an idea that we do deliver what

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[casey_]: we say we're going to deliver on
the show and with that being said david

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[casey_]: i want to again welcome you to
the show today we are going to be

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[casey_]: talking about a very what seems to
be a very simple subject to like roll

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[casey_]: off the tongue and say but what
tends to be a fall are more a

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[casey_]: far deeper subject when it actually comes
to it but how to find real estate

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[casey_]: investments that cash flow now again like
i said that's an easy topic say however

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[casey_]: the performance of that is just mildly
difficult right dave trying to find

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[david_kamara]: right

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[casey_]: real estate

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[david_kamara]: right

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[casey_]: assets that cash flow is just a
little bit difficult especial and the times that

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[casey_]: we're in interest rate environment and the
very beginning of september when this is being

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[casey_]: recorded is kind of going to be
the time line so when we go back

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[casey_]: you know this will air when this
does are just kind of come back and

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[casey_]: if we're talking about something something drastic
happens in the world just now we're talking

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[casey_]: about this about the first of september
so david i'd like for you to start

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[casey_]: by kind of maybe telling us a
little bit about yourself where you come from

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[casey_]: and then how you got into just
even the beginnings of the real estate business

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[david_kamara]: yeah thank you casey great to speak
to your listeners

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[casey_]: oh

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[david_kamara]: so my my quick story is

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[casey_]: ah

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[david_kamara]: did college and in michigan got a
job in chica go uh ended up working

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[david_kamara]: for an industrial distributor and while there
i was going to further school and business

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[david_kamara]: school and ended up getting into management
consulting which is which is really fun work

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[david_kamara]: very very challenging you travel to all
these big companies that we hear about in

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[david_kamara]: the news peps borrowing companies like that
and try and help them operate better so

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[david_kamara]: it's a it's a great great gig
pays well very very stimulating but what i

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[david_kamara]: ended up falling into is so my
wife and i we have four kids and

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[david_kamara]: i was just on the

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[casey_]: sure

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[david_kamara]: road a ton and so after some
time that started weighing on us and then

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[david_kamara]: really uh you know missing some some
milestones with the kids got us thinking about

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[david_kamara]: how do we do something different also
in parallel with that when we first bought

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[david_kamara]: our house in the suburbs of chicago
my wife and i talked about that and

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[david_kamara]: were very excited like hey you can
buy a house with you know a little

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[david_kamara]: bit of money down so we started

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[casey_]: oh

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[david_kamara]: buying single family houses and the idea
was you know we'll buy one a year

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[david_kamara]: if we have time we we buy
more and you know in ten years time

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[david_kamara]: we'll have ten houses and hopefully a
bunch of them get paid off over time

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[david_kamara]: and that would be kind of like
the retirement plan well i mean life happened

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[david_kamara]: you know two thousand eight crisis happened
we ended up having more kids we moved

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[david_kamara]: from chicago back to michigan kind of
fell off that

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[casey_]: yeah

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[david_kamara]: track a little bit but

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[casey_]: m

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[david_kamara]: again consulting work was very very good
good to us financially um at one point

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[david_kamara]: my wife and i got into this
conversation about like okay how do we get

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[david_kamara]: better work life balance where i don't
travel so much and and frankly my my

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[david_kamara]: one of my kids had a conversation
with me asked me a question that stimulated

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[david_kamara]: that um and so we looked back
and said we have some of these single

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[david_kamara]: family invest ants that work they're just
not substantial so how do we

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[casey_]: yeah

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[david_kamara]: may be scale that right and so
that was really at the beginning of our

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[david_kamara]: multi family journey um more

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[casey_]: oh

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[david_kamara]: seriously before we had a few

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[casey_]: yeah

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[david_kamara]: duplexes three plexs and single families but
not not in depth

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[casey_]: sure

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[david_kamara]: so that's that's what spared our our
start and i guess i can pause and

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[david_kamara]: you can

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[casey_]: well

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[david_kamara]: follow up

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[casey_]: there's there's a lot of intriguing things
about i think i think real quick before

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[casey_]: we move on with the multi family
i m you know your your very early

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[casey_]: your early life from seventeen prior to
being seventeen years old

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[david_kamara]: oh

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[casey_]: i really was intrigued with that and
then how you how everything kind of came

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[casey_]: about there now just share with audience
real quick what i'm kind of talking about

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[casey_]: because i know you had some geographical
things

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[david_kamara]: yeah

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[casey_]: that and then just again i think
that just kind of raises a little intrigue

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[casey_]: about you story and about how far
you really have came since then

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[david_kamara]: sure so and thanks for bringing that
up so my my my mom is from

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[david_kamara]: ukraine and my dad is from seralion
which is west africa on the atlantic coast

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[david_kamara]: centrally facing the u s um my
dad was studying in the form of soil

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[david_kamara]: union that's how my parents met when
he finished the studies we moved back to

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[david_kamara]: africa and so i lived in ukraine
from birth essentially till almost eight and then

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[david_kamara]: in sierralon west africa from eight to
basic seventeen almost eighteen when i finished high

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[david_kamara]: school in srlion we had a military
co i ended up trying to go to

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[david_kamara]: germany ended up in the united states
that's another long story but when i came

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[david_kamara]: i came and came for college

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[casey_]: m

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[david_kamara]: so ended up going to community college
in dearborn michigan i was very ortunate and

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[david_kamara]: they had an honest program which i
ended up getting a scholarship in which allowed

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[david_kamara]: me to work and save some money
for for university if i wanted to go

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[david_kamara]: to university later um long story short
transferred to university of michigan met me wife

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[david_kamara]: there graduated moved to chicago and kind
of the rest is his history

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[casey_]: sure

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[david_kamara]: but

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[casey_]: sure yeah

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[david_kamara]: especially with what's going on the news
today with ukraine and all that it's definitely

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[david_kamara]: relevant in that i've seen military coinserlion
now big upheaval in it new crane which

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[david_kamara]: is a little bit upsetting and frankly
um m inform some of what we do

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[david_kamara]: and how we do

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[casey_]: oh

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[david_kamara]: it and we try to gage risk
and give back what

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[casey_]: sure

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[david_kamara]: we can

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[casey_]: sure yeah and i guess the other
the other part of that too and i

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[casey_]: know there's obviously you don't want to
get too down in the weeds on on

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[casey_]: world affairs of world politics and stuff
like that but you know

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[david_kamara]: yeah

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[casey_]: with with the world the world with
which your parents your parents is lens that

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[casey_]: they see through is has got to
be one of a most constant strife really

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[casey_]: i mean you know basically from the
sierra leone you know the diamonds and all

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[casey_]: of that stuff that that maybe that
maybe that was a something that was mass

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[casey_]: known in the country i don't know
or if it was something that just you

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[casey_]: know was was more glorified by hollywood
and of course i'm not i don't mean

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[casey_]: disrespect of it as i just i
just don't know

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[david_kamara]: i do know you're straight up

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[casey_]: and then all the way through

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[david_kamara]: you're you're very own point

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[casey_]: the soviet i mean well then the
soviet

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[david_kamara]: you're very

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[casey_]: union even i mean the fact that
your parents met in the soviet union right

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[casey_]: and then the fact that what's going
on with your current today i mean that

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[casey_]: just all of that kind back story
about yourself really leads me to to say

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[casey_]: like you know it really almost makes
me just not feel sorry for a lot

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[casey_]: of people for the very reason that
you know you all in your family

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[david_kamara]: ah

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[casey_]: we're in these positions and you know
and what you did was you were like

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[casey_]: okay here's where i am today i
don't want to be here any more i'm

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[casey_]: going to go do what it takes
to to i leave this back and

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[david_kamara]: oh

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[casey_]: that's that's i think to me the
most intriguing part

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[david_kamara]: offense

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[david_kamara]: i appreciate case

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[casey_]: m

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[david_kamara]: so i mean you know sometimes we
don't pick our lives right things just happen

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[david_kamara]: and you're born in a certain place
and you're in a certain type of situation

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[casey_]: sure

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[david_kamara]: i mean i have to say that
definitely just my my trajectory through life has

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[david_kamara]: has kind of led me to be
very adaptive to situations right

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[casey_]: yeah

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[david_kamara]: and you're always almost always you're looking
to see how can i improve my condition

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[david_kamara]: essentially right and i mean it was
very very fortunate that i mean my parents

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[david_kamara]: instilled in in myself my sister just
a very strong work ethic it's alway ben

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[david_kamara]: you know you have to be relying
on yourself and whether that's

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[casey_]: yeah

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[david_kamara]: school or hard work

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[casey_]: oh

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[david_kamara]: or you know making decisions that you
know you're not always going to get him

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[david_kamara]: right

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[casey_]: oh

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[david_kamara]: but decisions that you know impacting your
life

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[casey_]: m

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[david_kamara]: that's kind of have how that evolved
for us and i mean while it's been

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[david_kamara]: more adventurous than many i mean i
wouldn't wish it any other way on myself

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[casey_]: sure sure

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[david_kamara]: um and definitely that's contributed to i
am and how things have worked out but

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[david_kamara]: again right i think circumstance

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[casey_]: oh

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[david_kamara]: um leads us all to evolve and
grow

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[casey_]: m

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[david_kamara]: and fortunately that's happened

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[casey_]: sure

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[david_kamara]: for me

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[casey_]: now

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[david_kamara]: personally

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[casey_]: the other the other part of this
so so leading into my next question what

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[casey_]: country were you a citizen of the
day you were born and are you a

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[casey_]: full full fledged citizen of united states
now

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[david_kamara]: yeah yes so i was i guess
i was a citizen of the soviet union

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[david_kamara]: when i was

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[casey_]: okay

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[david_kamara]: born and then i became a citizen
of ukraine when they became a separate country

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[david_kamara]: um i do have the seer citizenship
and then after many years in the united

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[david_kamara]: states i became a united states citizen

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[casey_]: awesome

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[david_kamara]: so i consider myself a global citizen
and i mean i don't really pay too

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[david_kamara]: much heed to all the nationalistic stuff

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[casey_]: sure

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[david_kamara]: but i mean i think from my
personal from my personal exposure you really find

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[david_kamara]: that people all over the world are
very similar right everyone wants to be able

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[david_kamara]: to take care of their family they
want to be able to work a little

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[david_kamara]: bit

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[casey_]: yep

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[david_kamara]: enjoy a little bit and all the
religion politics often divides people but i mean

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[david_kamara]: at the base of the human condition
we all are very

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[casey_]: rick

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[david_kamara]: similar

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[casey_]: i realized that whenever we visited romania
a few years back um and of course

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[casey_]: it's it's post communist romania basically and
but they're still a of um there's still

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[casey_]: a ton of of communism is still
painted painted very thick and everything that you

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[casey_]: see there from apartment buildings all the
way down to cars that were the only

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[casey_]: kind of cars that were allowed and
so on so forth but what would intrigue

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[david_kamara]: ah

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[casey_]: me was i enjoy working out and
and what intrigued me was i went to

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[casey_]: see if you notice i could intrigued
a lot um but i went into a

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[casey_]: gym there and it was there was
and the thing is that there was like

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[casey_]: twenty five people in this gym women
and men both and they were all didn't

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[casey_]: there was not one single word of
english that any

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[david_kamara]: m

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[casey_]: of anybody in that entire gym under
stood not one right um and so basically

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[casey_]: it took us it took me going
in there and just like kind of figuring

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[casey_]: out what everybody was doing where where
my spot was going to be but you

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[casey_]: know what at the end of the
day we all enjoyed the same thing and

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[casey_]: i was like and it was and
then you even

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[david_kamara]: i

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[casey_]: saw that through through through i mean
there were so many different things there i

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[casey_]: was like man they're just like us
i mean they're just like a stationall speak

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[casey_]: english and it was very eye opening
to me that you know here i am

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[casey_]: however many thousands of miles away from
podunk town kentucky and and all these people

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[casey_]: just they just want to do the
same things i want to do they want

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[casey_]: to hang out we had some friends
that i know people asked why did you

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[casey_]: go to remain and we had some
friends that were were living there and were

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[casey_]: living abroad for he was with a
company that had a barge uh holdings over

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[casey_]: there or whatever so anyway all that
being said yeah and it also all of

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[casey_]: that kind of culminates with with and
i think you would be a testament to

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[casey_]: how great of a country the united
states really is simply cause of the opportunities

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[casey_]: that are probably held back especially from
women where where where you're from um but

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[casey_]: probably mostly just to and in general
opportunities are just held back there held out

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[casey_]: for the elite there held out for
government to profit off of there held out

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[casey_]: for many different reasons but at the
end of the day when you start looking

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[casey_]: at saying hey if it hadn't been
for america giving giving david this opportunity to

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[casey_]: be capitalist or whatever you want to
call it i mean you know it's just

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[casey_]: it's it's a testament to ur two
or to the nature of this country that

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[david_kamara]: absolutely i think i often tell my
friends my american born friends often tell them

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[david_kamara]: that you know sometimes they don't realize
how how much opportunity this country has because

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[david_kamara]: you know you're born here you kind
of you expect

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[casey_]: yep

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[david_kamara]: certain things when you're born elsewhere and
you you grow up and a lot of

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[david_kamara]: those things are absent you cherish the
opportunities so much more and you appreciate them

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[david_kamara]: so much more and again america is
absolutely a testament to how great the country

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[david_kamara]: is because if you look around all
all of us immigrants right i'm here

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[casey_]: m

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[david_kamara]: where

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[casey_]: m

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[david_kamara]: in places we come from we fight
each other

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[casey_]: yeah

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[david_kamara]: and we come here and we all
have friends and prosper together and it's just

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[david_kamara]: it's a beautiful thing it really is
every time something else happens i just marvel

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[david_kamara]: how great a country this is just
just came back from vacation in italy and

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[david_kamara]: actually my mom's passport was stolen and
my mom still has a uranian passport and

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[david_kamara]: so the experience of getting a ucranian
passport versus getting a us passport back was

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[david_kamara]: dramatically different right i mean

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[casey_]: oh i'm

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[david_kamara]: like

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[casey_]: sure

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[david_kamara]: you call the us bassy and it's
like by three if you lost the passport

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[david_kamara]: walk in no appointment necessary we'll try
and get you done same day for you

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[david_kamara]: crane it was much more difficult than
that i'll just leave it at that um

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[david_kamara]: and the country is going through war
so maybe not not entirely fair comparison but

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[david_kamara]: there's just so many levels at which
um this

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[casey_]: sure

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[david_kamara]: is an amazing

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[casey_]: yeah

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[david_kamara]: country

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[casey_]: yeah well and my wife and i
were in italy about a few months back

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[casey_]: and and i know this i don't
want this again where it did too far

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[casey_]: down in the weeds of world culture
and stuff but but culture

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[david_kamara]: yeah

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[casey_]: is what i enjoy the most of
anywhere i've ever been it's just the culture

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[casey_]: the culture stuff i don't even you
know people talk about exchange rates and opportunity

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[casey_]: of this and that the other but
i just enjoy the culture of hey do

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[casey_]: these people break bread together how do
they know what's important to them on everything

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[casey_]: from religion to politics to what is
important to them what are what are life

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[casey_]: goals of whoever i'm with you know
and so um but so now kind of

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[casey_]: moving towards you getting into the multi
family space and the thousands of units that

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[casey_]: you all are are in partners with
investors and then of course i think you

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[casey_]: said you had three or four hundred
dollars to yourself or that you and your

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[casey_]: i phoned i'll buy yourselves um with
all of that and and kind of moving

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[casey_]: forward i'd like to bring this whole
discussion to today so that we can spend

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[casey_]: the next little bit of our time
talking about what are some ways when's the

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[casey_]: you know what are some ways that
currently finding deals that cash flow like because

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[casey_]: obviously we were going to title this
the main concern with this with our subject

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[casey_]: matter here was how to find real
estate investments at cash flow i guess it's

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[casey_]: most appropriate probably to talk about that
in today's time because it's such a difficult

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[casey_]: time let's talk a little bit about
that

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[david_kamara]: yeah i think i think that's what
all of us

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[casey_]: yeah

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[david_kamara]: are re trying to trying to figure
out right

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[casey_]: okay

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[david_kamara]: i think i just start by saying
the the environment has changed quite a bit

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[david_kamara]: investment landscape his has definitely changed in
the past year particularly with rising

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[casey_]: yep

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[david_kamara]: interest rates right being the primary difference
um and i mean a year ago we

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[david_kamara]: were looking at you know a d
that you just look at the numbers and

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[david_kamara]: you don't have to do too much
um creatively to make the deal work and

299
00:17:11,342 --> 00:17:16,571
[david_kamara]: pencil out and you can say yeah
this makes sense rents here expenses and mortgage

300
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[david_kamara]: and all this stuff it's here in
this probably would make sense to make some

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[david_kamara]: money at m i think i think
over the past really eight months we're seeing

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[david_kamara]: fewer deals that cash flow right just
off the bat and

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[casey_]: m

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[david_kamara]: as the rates have increased it's been
more challenging to get you know capital is

305
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[david_kamara]: more expensive

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[casey_]: yep

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[david_kamara]: right so where you would be paying
you know have four percent in strait now

308
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[david_kamara]: you're paying maybe five six seven percent
age sometimes eight f you're doing a floating

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[david_kamara]: line so how to how to find
deals that cash i mean it really comes

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[david_kamara]: down to relationships at this point for

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[casey_]: ah

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[david_kamara]: us so people you have worked with
in the past mainly brokers

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[casey_]: oh

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[david_kamara]: for us know that we have clothes
that we have performed in certain deals but

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00:18:02,639 --> 00:18:08,789
[david_kamara]: also really being creative right some people
swear by doing direct mail campaigns to owners

316
00:18:09,069 --> 00:18:15,136
[david_kamara]: and trying to reach owners that way
um explore if owners ten in selling right

317
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[david_kamara]: we have not done that as a
process we relied mostly on broker relationships and

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[david_kamara]: introductions but we were very willing to
look at all opportunities so we're small enough

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[david_kamara]: where we're flexible enough we're not stuff
that you know this process doesn't work for

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[david_kamara]: us we're very willing to meet sellers
where they are right

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[casey_]: hm

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[david_kamara]: and we do a lot of vestments
in michigan there's a there's a seller that

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[david_kamara]: i was a very private individual who
was like hey i don't want to share

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[david_kamara]: my my information how about

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[casey_]: yep

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[david_kamara]: meet up for lunch right and so
here i am going to lunch with a

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00:18:48,725 --> 00:18:52,452
[david_kamara]: seller you know just to make a
human connection and see what is it that

328
00:18:52,472 --> 00:18:57,255
[david_kamara]: they need what are they i mean
are they where are they really just to

329
00:18:57,315 --> 00:19:00,760
[david_kamara]: learn right maybe it's not a deal
today maybe it's a deal in in ten

330
00:19:00,821 --> 00:19:05,088
[david_kamara]: months or eighteen months who knows so
you really have to maintain a very

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[casey_]: m

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00:19:05,629 --> 00:19:07,592
[david_kamara]: i would say open approach and

333
00:19:07,890 --> 00:19:07,910
[casey_]: m

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00:19:08,094 --> 00:19:11,166
[david_kamara]: and i mean one deal that we

335
00:19:11,460 --> 00:19:11,480
[casey_]: m

336
00:19:11,606 --> 00:19:16,214
[david_kamara]: closed earlier this year we closed on
that deal i think in march took us

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00:19:16,294 --> 00:19:18,197
[david_kamara]: about i would say fourteen months

338
00:19:18,252 --> 00:19:18,414
[casey_]: wow

339
00:19:18,658 --> 00:19:23,505
[david_kamara]: to close right as it was was
a law conversation well it took it took

340
00:19:23,545 --> 00:19:26,569
[david_kamara]: fourteen months to get the seller to
say okay i'm willing to close it was

341
00:19:26,629 --> 00:19:29,891
[david_kamara]: a long conversation of the cell that
we met him early

342
00:19:29,910 --> 00:19:30,840
[casey_]: oh

343
00:19:29,952 --> 00:19:33,456
[david_kamara]: last year and we bought another property
in their

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[casey_]: yeah

345
00:19:33,536 --> 00:19:37,363
[david_kamara]: market and we the broker actually introduced
us and said hey this gentleman here has

346
00:19:37,403 --> 00:19:41,530
[david_kamara]: this other property but they're not ready
yet right so it was just maintaining contact

347
00:19:42,091 --> 00:19:45,728
[david_kamara]: speaking with them visiting understanding what would
make

348
00:19:45,632 --> 00:19:45,774
[casey_]: sure

349
00:19:45,768 --> 00:19:47,418
[david_kamara]: them sell right and at some level

350
00:19:48,009 --> 00:19:48,030
[casey_]: m

351
00:19:48,343 --> 00:19:51,147
[david_kamara]: it was a price but at some
level it was just you know where were

352
00:19:51,187 --> 00:19:51,889
[david_kamara]: they in their life

353
00:19:51,860 --> 00:19:52,590
[casey_]: yeah

354
00:19:51,949 --> 00:19:55,875
[david_kamara]: like this gentleman was older he wasn't
quite ready to retire he was going through

355
00:19:55,915 --> 00:19:58,980
[david_kamara]: a surgery than he was kind of
ready to retire and take

356
00:19:59,040 --> 00:19:59,263
[casey_]: yeah

357
00:19:59,060 --> 00:20:06,526
[david_kamara]: everything so it's it's really being flexible
and entertain different avenues of where deals may

358
00:20:06,606 --> 00:20:13,177
[david_kamara]: come from right brokers there's one um
your local non commercial realters could be one

359
00:20:13,257 --> 00:20:15,040
[david_kamara]: as well we bought deals from the
m

360
00:20:15,141 --> 00:20:15,282
[casey_]: sure

361
00:20:15,301 --> 00:20:18,135
[david_kamara]: s that we found which you know
you know you normally

362
00:20:18,010 --> 00:20:18,153
[casey_]: yep

363
00:20:18,175 --> 00:20:22,422
[david_kamara]: don't look there but that's that's a
channel some people you know your mom and

364
00:20:22,462 --> 00:20:25,848
[david_kamara]: pop owners that have a property that
the first thing they turn to is their

365
00:20:25,908 --> 00:20:29,805
[david_kamara]: local realtor and say hey have a
property for sale they don't think it's you

366
00:20:29,845 --> 00:20:34,507
[david_kamara]: know twelve to twenty units they think
who sells property locally and that's the guy

367
00:20:34,587 --> 00:20:35,128
[david_kamara]: i know that's the guy

368
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[casey_]: yep

369
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[david_kamara]: i trust so it's really about being
open creative different people do different things some

370
00:20:40,816 --> 00:20:43,881
[david_kamara]: people shop at different closure actions i
think they've been a few of those with

371
00:20:44,101 --> 00:20:48,809
[david_kamara]: with covid but again multi family has
been really solid so you kind of pick

372
00:20:48,929 --> 00:20:51,459
[david_kamara]: and see what works for you what
do you like doing all right you know

373
00:20:51,479 --> 00:20:55,457
[david_kamara]: what to be you don't want to
be unnatural to yourself you want to do

374
00:20:55,557 --> 00:20:59,464
[david_kamara]: things that you know you find interesting
and enjoy doing and hopefully good at because

375
00:20:59,504 --> 00:20:59,784
[david_kamara]: you enjoy

376
00:20:59,700 --> 00:20:59,822
[casey_]: yep

377
00:20:59,884 --> 00:21:01,888
[david_kamara]: doing them that way i feels less
like

378
00:21:01,920 --> 00:21:02,140
[casey_]: yeah

379
00:21:01,928 --> 00:21:04,252
[david_kamara]: a job it's more of you know
it's a fun experience and

380
00:21:04,203 --> 00:21:04,324
[casey_]: well

381
00:21:04,312 --> 00:21:04,392
[david_kamara]: you

382
00:21:04,344 --> 00:21:04,564
[casey_]: you know

383
00:21:04,452 --> 00:21:04,813
[david_kamara]: get good at

384
00:21:04,884 --> 00:21:05,526
[casey_]: we hit a lot

385
00:21:05,413 --> 00:21:06,446
[david_kamara]: oh

386
00:21:05,646 --> 00:21:11,095
[casey_]: on relationships on this on this podcast
i got to say that you know whether

387
00:21:11,195 --> 00:21:15,985
[casey_]: you're raising money or whether you're looking
for properties that cash flow i mean those

388
00:21:16,026 --> 00:21:19,072
[casey_]: relationships i mean and even if they
come

389
00:21:19,093 --> 00:21:19,336
[david_kamara]: oh

390
00:21:19,132 --> 00:21:22,818
[casey_]: down to to if you're running a
five o six c where you need a

391
00:21:22,858 --> 00:21:26,204
[casey_]: credit to investors and you can advertise
you still have to build some type of

392
00:21:26,244 --> 00:21:30,351
[casey_]: relationship because there's not i mean in
some cases there's obviously peope out there who

393
00:21:30,431 --> 00:21:33,559
[casey_]: are saying hey here's my hundred thousand
dollars take it let's go let's go let's

394
00:21:33,600 --> 00:21:39,210
[casey_]: go but there's there's very few out
there that do that without needing on some

395
00:21:39,270 --> 00:21:43,277
[casey_]: level some feeling of comfort to say
hey

396
00:21:43,824 --> 00:21:44,207
[david_kamara]: absolutely

397
00:21:44,038 --> 00:21:47,644
[casey_]: you know we we feel comfortable with
this guy david here's a hunter grand for

398
00:21:47,664 --> 00:21:52,172
[casey_]: you to take and invest in and
we expect a return and we expect not

399
00:21:52,272 --> 00:21:57,260
[casey_]: only a return but the return of
our capital and so you know when when

400
00:21:57,561 --> 00:21:59,965
[casey_]: when you come down to that and
that's what we talk a lot about in

401
00:22:00,025 --> 00:22:03,372
[casey_]: my master mind as well as is
a matter of fact one guy

402
00:22:03,793 --> 00:22:04,039
[david_kamara]: oh

403
00:22:04,900 --> 00:22:08,766
[casey_]: one guy says that the return of
capital is more important than the return on

404
00:22:08,866 --> 00:22:14,576
[casey_]: capital and the return of capital basically
is the the the fruit that you've harvested

405
00:22:14,636 --> 00:22:18,502
[casey_]: from that relationship and allows you to
continue

406
00:22:18,273 --> 00:22:18,394
[david_kamara]: right

407
00:22:18,583 --> 00:22:24,072
[casey_]: and then obviously because it seems like
everybody understands at times real state assets don't

408
00:22:24,132 --> 00:22:28,018
[casey_]: perform the ay they're supposed to or
we had a fire or we had some

409
00:22:28,058 --> 00:22:33,828
[casey_]: other calamity something that happened that caused
this to not perform like we anticipated but

410
00:22:34,028 --> 00:22:36,733
[casey_]: if you call a guy you're like
hey man thank you for that hundred thousand

411
00:22:36,773 --> 00:22:40,098
[casey_]: dollars and i only have twenty five
to give back to you but here it

412
00:22:40,159 --> 00:22:42,863
[casey_]: is that's not going to go over
very good but if you call a guy

413
00:22:42,903 --> 00:22:45,948
[casey_]: an you're like hey listen i was
able to rescue and i say

414
00:22:46,123 --> 00:22:46,532
[david_kamara]: oh

415
00:22:46,329 --> 00:22:51,097
[casey_]: here's the return of your capital um
i'm sorry wen we only made two or

416
00:22:51,117 --> 00:22:55,028
[casey_]: three percent you know that's all heck
of a lot easier to discuss than then

417
00:22:55,089 --> 00:23:00,111
[casey_]: hey man her i lost your money
so it all comes down to those relationships

418
00:22:59,991 --> 00:23:00,112
[david_kamara]: yeah

419
00:23:00,232 --> 00:23:00,313
[casey_]: and

420
00:23:00,575 --> 00:23:01,039
[david_kamara]: very great

421
00:23:01,520 --> 00:23:07,510
[casey_]: i think i think everybody in visions
the relationship where um or fears i guess

422
00:23:07,570 --> 00:23:12,518
[casey_]: more the first scenario there where he
thanks for that hundred thousand dollars by the

423
00:23:12,538 --> 00:23:15,603
[casey_]: way i'm only going to give you
twenty back because we lost the other m

424
00:23:16,104 --> 00:23:20,030
[casey_]: i think everybody fears that everybody in
visions the worst case scenario of something like

425
00:23:20,070 --> 00:23:24,678
[casey_]: that happening than others are just saying
you know so anyway it all comes down

426
00:23:24,718 --> 00:23:28,224
[casey_]: to the relationship but then like you
said i think a lot of times the

427
00:23:28,304 --> 00:23:33,954
[casey_]: relation the broker relationship or the deal
finder relationship that you have gets a little

428
00:23:33,994 --> 00:23:39,211
[casey_]: bit slept on because you're focused on
raising money or you're and not focusing like

429
00:23:39,231 --> 00:23:44,496
[casey_]: you should on finding the deals but
anyway it's all and then and then then

430
00:23:44,536 --> 00:23:47,902
[casey_]: there's always that chicken or the egg
scenario comes do you need to build invested

431
00:23:47,962 --> 00:23:53,257
[casey_]: relationships first or do you need to
build broker relationships first and on and in

432
00:23:53,581 --> 00:23:58,192
[casey_]: our my response to that question is
always both now you just need to be

433
00:23:58,292 --> 00:24:00,717
[casey_]: you need to be actively trying to
do both so

434
00:24:02,814 --> 00:24:02,956
[david_kamara]: right

435
00:24:03,032 --> 00:24:04,682
[casey_]: well david man i mean you know

436
00:24:04,909 --> 00:24:05,050
[david_kamara]: yeah

437
00:24:06,302 --> 00:24:06,647
[casey_]: go ahead

438
00:24:08,066 --> 00:24:10,935
[david_kamara]: sorry sorry i was just going to
say the way that it happened for us

439
00:24:11,055 --> 00:24:11,296
[david_kamara]: was

440
00:24:13,290 --> 00:24:14,340
[casey_]: oh

441
00:24:14,135 --> 00:24:19,396
[david_kamara]: we we were ready to do some
deals and we had we had some some

442
00:24:19,556 --> 00:24:21,017
[david_kamara]: capital that you know we were

443
00:24:21,240 --> 00:24:21,488
[casey_]: yes

444
00:24:21,738 --> 00:24:26,723
[david_kamara]: not in question about whether we will
or will not use and so then the

445
00:24:26,743 --> 00:24:28,566
[david_kamara]: broker relationships are a bit easier right
if

446
00:24:28,520 --> 00:24:28,642
[casey_]: yep

447
00:24:28,706 --> 00:24:31,992
[david_kamara]: if a broker knows you're ready then
they kind first they'll try

448
00:24:31,920 --> 00:24:33,210
[casey_]: yeah

449
00:24:32,052 --> 00:24:36,199
[david_kamara]: to you know read you out and
see if you're really serious but once once

450
00:24:36,259 --> 00:24:40,366
[david_kamara]: you once they see that you're real
like that that that part is easy

451
00:24:40,382 --> 00:24:40,504
[casey_]: yeah

452
00:24:41,127 --> 00:24:47,958
[david_kamara]: um on the on the cash capital
raising side um i think you really have

453
00:24:48,038 --> 00:24:52,194
[david_kamara]: to be again take a step back
and not try to try to sell too

454
00:24:52,254 --> 00:24:52,434
[david_kamara]: much

455
00:24:52,660 --> 00:24:52,802
[casey_]: yep

456
00:24:52,835 --> 00:24:57,483
[david_kamara]: right because it's a very fine balance
right you don't want to sell anybody anything

457
00:24:57,803 --> 00:25:00,568
[david_kamara]: right you're really just talking about what
is the opportunity

458
00:25:00,540 --> 00:25:00,662
[casey_]: yep

459
00:25:01,409 --> 00:25:07,283
[david_kamara]: but you have to be to be
very sincere about it because i mean this

460
00:25:07,363 --> 00:25:11,349
[david_kamara]: is somebody's real cash that they have
earned through hard work and

461
00:25:11,400 --> 00:25:12,660
[casey_]: yeah

462
00:25:11,429 --> 00:25:18,808
[david_kamara]: sweat right and i mean for anybody
who's trying to make a business out of

463
00:25:18,868 --> 00:25:22,074
[david_kamara]: this it's a very much reputation business

464
00:25:21,800 --> 00:25:21,901
[casey_]: yep

465
00:25:22,255 --> 00:25:26,896
[david_kamara]: right so like you are mentioning if
you don't return someone's money to them right

466
00:25:28,373 --> 00:25:30,398
[david_kamara]: i mean that that that becomes known

467
00:25:30,361 --> 00:25:30,524
[casey_]: yeah

468
00:25:30,538 --> 00:25:32,222
[david_kamara]: very quickly right it's a very small

469
00:25:32,032 --> 00:25:32,255
[casey_]: yes

470
00:25:32,282 --> 00:25:38,437
[david_kamara]: community it's a very it's a very
small and i mean we when we started

471
00:25:38,497 --> 00:25:41,868
[david_kamara]: like we didn't want to take people's
money for that reason and then finally like

472
00:25:42,108 --> 00:25:44,513
[david_kamara]: a lot of people were asking the
same question so like okay we'll do it

473
00:25:44,653 --> 00:25:48,881
[david_kamara]: we'll be very very careful we'll have
ample reserves and we'll make sure that frankly

474
00:25:49,983 --> 00:25:54,026
[david_kamara]: push came to shave we'll lose our
money and investors money would be fine because

475
00:25:54,067 --> 00:25:57,790
[david_kamara]: again we just want to make sure
that the reputation was sound and i mean

476
00:25:58,030 --> 00:26:02,920
[david_kamara]: all of the people that invest with
us i know personally on some have some

477
00:26:03,341 --> 00:26:08,927
[david_kamara]: personal relationship with um and so i
mean in many cases these are people that

478
00:26:08,967 --> 00:26:12,218
[david_kamara]: you know my kids go to school
with people that i used to work with

479
00:26:12,619 --> 00:26:16,487
[david_kamara]: and so i know i'll have to
look them in the eyes sometimes right if

480
00:26:16,568 --> 00:26:20,771
[david_kamara]: i lost their cash and so i
guess what that creates

481
00:26:20,610 --> 00:26:21,570
[casey_]: yeah

482
00:26:20,832 --> 00:26:24,024
[david_kamara]: for us is we're extremely careful about

483
00:26:23,981 --> 00:26:24,103
[casey_]: yep

484
00:26:24,064 --> 00:26:28,489
[david_kamara]: what we invest in and especially in
this type of environment right now where cash

485
00:26:28,549 --> 00:26:30,552
[david_kamara]: loan deals are a bit more difficult
to find

486
00:26:30,630 --> 00:26:30,973
[casey_]: oh

487
00:26:32,293 --> 00:26:33,535
[david_kamara]: i guess my recommendation is

488
00:26:33,990 --> 00:26:34,412
[casey_]: oh

489
00:26:34,356 --> 00:26:40,405
[david_kamara]: be very careful swing fewer times and
in relation to how many times you swing

490
00:26:40,545 --> 00:26:41,707
[david_kamara]: it's fine to miss

491
00:26:41,641 --> 00:26:42,001
[casey_]: and i want

492
00:26:41,927 --> 00:26:42,148
[david_kamara]: many

493
00:26:42,041 --> 00:26:42,422
[casey_]: to i

494
00:26:42,388 --> 00:26:42,589
[david_kamara]: right

495
00:26:42,482 --> 00:26:43,143
[casey_]: want to point out

496
00:26:43,089 --> 00:26:43,230
[david_kamara]: when

497
00:26:43,223 --> 00:26:43,423
[casey_]: real

498
00:26:43,290 --> 00:26:43,570
[david_kamara]: you go

499
00:26:43,524 --> 00:26:43,764
[casey_]: quick

500
00:26:43,750 --> 00:26:43,830
[david_kamara]: in

501
00:26:43,864 --> 00:26:49,253
[casey_]: before you move too far past that
where you're talking about you have a personal

502
00:26:49,313 --> 00:26:57,447
[casey_]: relationship with everybody that invests in your
deals and i'm i'm famously known among my

503
00:26:58,268 --> 00:27:04,503
[casey_]: podcast guests as being the guy that
always says all capital is not created equal

504
00:27:04,924 --> 00:27:10,709
[casey_]: right and the thing is is that
i'm not saying don't take an investment from

505
00:27:10,829 --> 00:27:16,412
[casey_]: somebody that you don't necessarily know like
no no like go eat dinner with or

506
00:27:16,432 --> 00:27:21,740
[casey_]: something like that i'm saying make sure
that you ask the right questions and build

507
00:27:21,961 --> 00:27:22,442
[casey_]: at least

508
00:27:22,323 --> 00:27:22,765
[david_kamara]: absolutely

509
00:27:22,682 --> 00:27:26,288
[casey_]: enough report to know how big of
a burr in the side is this guy

510
00:27:26,388 --> 00:27:30,100
[casey_]: or lady going to be right how
are they going to come into this deal

511
00:27:30,301 --> 00:27:30,381
[casey_]: and

512
00:27:30,403 --> 00:27:31,033
[david_kamara]: yeah

513
00:27:30,461 --> 00:27:36,115
[casey_]: then all of a sudden going to
want some slice of the control because again

514
00:27:36,195 --> 00:27:41,624
[casey_]: it's not necessarily keeping people from being
in control it's keeping one goal set in

515
00:27:41,684 --> 00:27:46,412
[casey_]: mind one business plan in place and
moving forward instead ideas from everybody that you're

516
00:27:46,432 --> 00:27:51,220
[casey_]: always trying to listen to and so
just before you moved past that i wanted

517
00:27:51,260 --> 00:27:55,167
[casey_]: to just point out that yes those
relationships are equally as important on who you

518
00:27:55,267 --> 00:27:58,035
[casey_]: accept capital from not just whether they
have it

519
00:27:58,514 --> 00:28:01,123
[david_kamara]: absolutely absolutely

520
00:28:01,061 --> 00:28:01,143
[casey_]: so

521
00:28:01,704 --> 00:28:06,974
[david_kamara]: yeah now you so for us a
couple of things on that right you couldn't

522
00:28:07,014 --> 00:28:12,114
[david_kamara]: be more more right and it's it's
a point that needs underlining um you want

523
00:28:12,175 --> 00:28:17,576
[david_kamara]: to have very clear and blunt conversations

524
00:28:17,391 --> 00:28:17,656
[casey_]: yes

525
00:28:17,836 --> 00:28:26,077
[david_kamara]: with your investors right about expectations and
about what that capability is right you don't

526
00:28:26,177 --> 00:28:31,787
[david_kamara]: want somebody investing in your indication where
it's their bottom dollar right and this is

527
00:28:31,847 --> 00:28:33,810
[david_kamara]: their make a break like that this
is not that

528
00:28:33,740 --> 00:28:33,981
[casey_]: yes

529
00:28:33,850 --> 00:28:34,171
[david_kamara]: kind of an

530
00:28:34,202 --> 00:28:34,223
[casey_]: a

531
00:28:34,211 --> 00:28:34,712
[david_kamara]: investment

532
00:28:34,303 --> 00:28:35,007
[casey_]: grocery money

533
00:28:35,313 --> 00:28:40,398
[david_kamara]: and frankly it's a yeah it's a
lot of burden for anybody to take on

534
00:28:40,638 --> 00:28:45,606
[david_kamara]: right so i mean whether it's a
buddy that you grow up with from from

535
00:28:45,666 --> 00:28:49,813
[david_kamara]: elementary school or it's somebody who you
know heard you on a podcast shout and

536
00:28:49,873 --> 00:28:53,179
[david_kamara]: said hey i heard your podcast and
you know i really related

537
00:28:53,070 --> 00:28:53,191
[casey_]: yep

538
00:28:53,199 --> 00:28:57,566
[david_kamara]: to your story and i feel like
i almost know you already right that happens

539
00:28:57,606 --> 00:29:01,372
[david_kamara]: which is very humbling when that happens
but you want to take it a step

540
00:29:01,433 --> 00:29:05,560
[david_kamara]: further and meet with that person for
a considerable period of time ask them all

541
00:29:05,660 --> 00:29:09,346
[david_kamara]: the important questions about you know what's
their financial situation when

542
00:29:09,150 --> 00:29:09,375
[casey_]: yeah

543
00:29:09,647 --> 00:29:15,897
[david_kamara]: do they need what money back because
i say investing is an aliquid investment right

544
00:29:15,937 --> 00:29:18,481
[david_kamara]: so once they write you that check
and you go and you take in by

545
00:29:18,542 --> 00:29:22,468
[david_kamara]: that building it's not something you can
turn around on a dime and say oh

546
00:29:22,588 --> 00:29:23,390
[david_kamara]: i want to cash out

547
00:29:23,320 --> 00:29:23,502
[casey_]: yeah

548
00:29:23,570 --> 00:29:24,992
[david_kamara]: like it's not the stock market

549
00:29:24,910 --> 00:29:25,051
[casey_]: yeah

550
00:29:25,954 --> 00:29:29,480
[david_kamara]: um so so you need to have
that conversation and that expectation setting with them

551
00:29:30,421 --> 00:29:34,709
[david_kamara]: and frankly then the last point is
there are people that even if they check

552
00:29:34,789 --> 00:29:39,697
[david_kamara]: all those boxes where they know they
re credited they have sufficient other wealth that

553
00:29:39,660 --> 00:29:40,260
[casey_]: yeah

554
00:29:39,977 --> 00:29:45,111
[david_kamara]: this is not a significant portion of
their wealth just from a personality perspective you

555
00:29:45,152 --> 00:29:49,375
[david_kamara]: want to make sure that you can
service them at a level that they

556
00:29:49,320 --> 00:29:49,443
[casey_]: yeah

557
00:29:49,415 --> 00:29:54,163
[david_kamara]: want to be serviced some people but
have a lot more questions than other people

558
00:29:54,324 --> 00:29:58,931
[david_kamara]: right and some people have a degree
of comfort that comes much easier than other

559
00:29:58,991 --> 00:30:04,040
[david_kamara]: people and that's personalities right so you
want to make those decisions as well um

560
00:30:04,621 --> 00:30:05,122
[david_kamara]: based on how

561
00:30:05,150 --> 00:30:05,271
[casey_]: yep

562
00:30:05,182 --> 00:30:09,509
[david_kamara]: you're set up right so um we
take that into consideration and we have a

563
00:30:09,569 --> 00:30:14,637
[david_kamara]: very honest conversation like this is this
these are the expectations of our communication for

564
00:30:14,778 --> 00:30:18,985
[david_kamara]: us anybody that writes us a check
i feel deserves a lot of answers right

565
00:30:20,227 --> 00:30:24,594
[david_kamara]: so we make it a point to
be available me as many times as they

566
00:30:24,674 --> 00:30:29,282
[david_kamara]: want up front to make them comfortable
but once the deal is in progress right

567
00:30:29,843 --> 00:30:33,248
[david_kamara]: again you have to make the expectation
be very clear they re the limited partner

568
00:30:33,349 --> 00:30:35,212
[david_kamara]: quote limited for a reason

569
00:30:35,390 --> 00:30:35,839
[casey_]: that's right

570
00:30:35,833 --> 00:30:40,260
[david_kamara]: limited control that's how other indications are
set up you are the general partner you

571
00:30:40,380 --> 00:30:42,444
[david_kamara]: have the managerial control you also have

572
00:30:42,561 --> 00:30:42,723
[casey_]: try

573
00:30:42,684 --> 00:30:48,153
[david_kamara]: reliability right more liability than the limited
the limiteds don't have really any litigation exposure

574
00:30:48,193 --> 00:30:51,479
[david_kamara]: because it's like if you bought google
stock no one's going to sue you

575
00:30:51,421 --> 00:30:51,582
[casey_]: right

576
00:30:51,539 --> 00:30:56,027
[david_kamara]: for a google do right but if
you a director or google yeah you probably

577
00:30:56,067 --> 00:30:56,869
[david_kamara]: have something to do

578
00:30:56,920 --> 00:30:57,040
[casey_]: yeah

579
00:30:56,949 --> 00:30:57,570
[david_kamara]: with how google

580
00:30:57,500 --> 00:30:57,621
[casey_]: yeah

581
00:30:57,630 --> 00:30:57,870
[david_kamara]: runs

582
00:30:59,283 --> 00:31:05,532
[casey_]: awesome man great discussion the fact that
you just got back from italy kind of

583
00:31:05,812 --> 00:31:09,078
[casey_]: paralyzes one of the questions that we
ask at the end of the show but

584
00:31:09,158 --> 00:31:13,225
[casey_]: anyway we're going to start with the
first question that we ask everybody comes on

585
00:31:13,265 --> 00:31:17,583
[casey_]: the show is what is the best
book that you recently read or are currently

586
00:31:17,643 --> 00:31:17,905
[casey_]: reading

587
00:31:21,865 --> 00:31:28,416
[david_kamara]: best book there are a lot so
i'll give maybe two if

588
00:31:28,411 --> 00:31:28,534
[casey_]: sure

589
00:31:28,516 --> 00:31:34,391
[david_kamara]: i might i really like i really
like the book the perfect investment is by

590
00:31:34,472 --> 00:31:40,052
[david_kamara]: paul more and he talks about real
estate so he is a gentleman actually from

591
00:31:40,172 --> 00:31:42,138
[david_kamara]: this area of michigan um

592
00:31:42,480 --> 00:31:43,814
[casey_]: yeah i know paul a no ball

593
00:31:44,014 --> 00:31:49,299
[david_kamara]: worked it for it worked at ford
did a bunch of things invested in businesses

594
00:31:49,340 --> 00:31:49,502
[casey_]: yeah

595
00:31:49,740 --> 00:31:51,584
[david_kamara]: and actually had a podcast called

596
00:31:51,450 --> 00:31:52,080
[casey_]: oh

597
00:31:52,004 --> 00:31:52,686
[david_kamara]: how to lose money

598
00:31:52,700 --> 00:31:53,648
[casey_]: yeah i know paul

599
00:31:54,850 --> 00:31:55,071
[david_kamara]: and he

600
00:31:55,470 --> 00:31:56,340
[casey_]: yeah

601
00:31:56,834 --> 00:31:59,998
[david_kamara]: he concluded that you know here's why
he likes real estate that book is

602
00:32:00,000 --> 00:32:00,346
[casey_]: uh

603
00:32:00,038 --> 00:32:00,739
[david_kamara]: very well written

604
00:32:00,529 --> 00:32:01,080
[casey_]: huh

605
00:32:00,860 --> 00:32:06,207
[david_kamara]: it it's not super lengthy love it
that that's a great book another book that

606
00:32:06,268 --> 00:32:11,677
[david_kamara]: i really like and this is really
not necessarily real estate per s but the

607
00:32:11,757 --> 00:32:18,023
[david_kamara]: four hour work week it's a very
interesting ok about you know a lot of

608
00:32:18,063 --> 00:32:21,647
[david_kamara]: things in perspective about how you can
liberate your time i don't know that i

609
00:32:21,687 --> 00:32:26,172
[david_kamara]: don't know that i've gotten to four
but definitely it gives you some tips on

610
00:32:26,813 --> 00:32:29,060
[david_kamara]: how you can work less and be
a bit more productive in your

611
00:32:29,110 --> 00:32:29,252
[casey_]: yep

612
00:32:29,120 --> 00:32:33,428
[david_kamara]: life and it's got lots of really
good resources and i think it's just one

613
00:32:33,448 --> 00:32:36,594
[david_kamara]: of those books that when you read
it changes your perspective and a lot of

614
00:32:36,634 --> 00:32:41,983
[david_kamara]: things not that you will go jump
to working four hours a week but death

615
00:32:43,163 --> 00:32:47,057
[david_kamara]: ask some questions that are that are
interesting and i'm sure i will be different

616
00:32:47,078 --> 00:32:47,559
[david_kamara]: for everyone who

617
00:32:47,500 --> 00:32:47,660
[casey_]: sure

618
00:32:47,620 --> 00:32:47,921
[david_kamara]: reads it

619
00:32:48,001 --> 00:32:48,141
[casey_]: yeah

620
00:32:48,595 --> 00:32:48,615
[david_kamara]: m

621
00:32:48,702 --> 00:32:52,208
[casey_]: all right next question what is a
dream vacation that you have taken or hope

622
00:32:52,288 --> 00:32:56,855
[casey_]: to take and maybe i guess the
last one you took was one that you

623
00:32:56,895 --> 00:32:59,299
[casey_]: have taken but what is the dream
vacation you've taken or hoped to

624
00:33:02,023 --> 00:33:08,022
[david_kamara]: yah um so i was fortunate so
we just came from three weeks in italy

625
00:33:08,343 --> 00:33:09,546
[david_kamara]: my sister actual is getting married

626
00:33:09,832 --> 00:33:10,154
[casey_]: okay

627
00:33:10,468 --> 00:33:15,417
[david_kamara]: and so it was an amazing trip
was an amazing trip we left basically two

628
00:33:15,457 --> 00:33:22,616
[david_kamara]: and a half weeks early to the
whole family um visited everything sardinia then sicily

629
00:33:22,676 --> 00:33:24,379
[david_kamara]: then drove up slowly up the coast

630
00:33:24,650 --> 00:33:25,696
[casey_]: oh yes

631
00:33:25,480 --> 00:33:31,568
[david_kamara]: was an amazing time had some further
excitement in that our car got broken into

632
00:33:31,708 --> 00:33:35,715
[david_kamara]: like i think i just alluded to
that and some passports were taken but we're

633
00:33:35,755 --> 00:33:39,381
[david_kamara]: able to figure all that out and
made for even more more fun adventure that

634
00:33:39,401 --> 00:33:39,982
[david_kamara]: we'll never forget

635
00:33:39,991 --> 00:33:40,213
[casey_]: sure

636
00:33:40,743 --> 00:33:46,088
[david_kamara]: great country great food somehow somehow we
ate gilado pizza and past every day and

637
00:33:46,128 --> 00:33:46,168
[david_kamara]: we

638
00:33:46,242 --> 00:33:46,483
[casey_]: every

639
00:33:46,368 --> 00:33:46,608
[david_kamara]: managed

640
00:33:46,544 --> 00:33:46,705
[casey_]: day

641
00:33:46,628 --> 00:33:48,430
[david_kamara]: to drop a few pounds to so
i don't know what

642
00:33:49,410 --> 00:33:52,856
[casey_]: every day that i blame i blame
a lot of what i got going on

643
00:33:52,916 --> 00:33:55,801
[casey_]: here in the front for me from
my trip to italy and all of the

644
00:33:56,214 --> 00:33:56,316
[david_kamara]: ah

645
00:33:56,342 --> 00:34:00,148
[casey_]: like it's one of those things where
i wanted to try the carbonari everywhere i

646
00:34:00,208 --> 00:34:03,390
[casey_]: went and every this was different yeah

647
00:34:04,543 --> 00:34:08,549
[david_kamara]: yeah and i think i think future
vacations my my kids want to go to

648
00:34:08,650 --> 00:34:09,251
[david_kamara]: japan and

649
00:34:09,260 --> 00:34:09,503
[casey_]: yes

650
00:34:09,311 --> 00:34:13,738
[david_kamara]: australia we haven't done either of those
countries but we look forward to doing those

651
00:34:13,818 --> 00:34:17,646
[david_kamara]: in the future at some point and
then we really enjo haw haw is just

652
00:34:17,726 --> 00:34:22,838
[david_kamara]: very beautiful all the islands you can
find something for everyone there and it's just

653
00:34:22,878 --> 00:34:23,179
[david_kamara]: a beautiful

654
00:34:22,990 --> 00:34:23,150
[casey_]: sure

655
00:34:23,239 --> 00:34:23,580
[david_kamara]: place that we

656
00:34:23,631 --> 00:34:23,771
[casey_]: sure

657
00:34:23,660 --> 00:34:23,861
[david_kamara]: love ha

658
00:34:24,132 --> 00:34:29,100
[casey_]: awesome awesome well good david listen how
can the listeners reach out and get in

659
00:34:29,140 --> 00:34:32,686
[casey_]: touch with you if there's something they
heard that resonated with them and they'd like

660
00:34:32,726 --> 00:34:37,801
[casey_]: to learn more about you or learn
more about cape sierra capital or anything like

661
00:34:37,842 --> 00:34:39,368
[casey_]: that how can they reach out and
get in touch with you

662
00:34:42,113 --> 00:34:47,302
[david_kamara]: sure best way is our website so
website is cape sierra capital dot com that's

663
00:34:47,271 --> 00:34:47,372
[casey_]: oh

664
00:34:47,983 --> 00:34:50,387
[david_kamara]: c a p e s i e
r r

665
00:34:50,490 --> 00:34:50,510
[casey_]: m

666
00:34:50,567 --> 00:34:55,896
[david_kamara]: a capital dot com while you're there
you could check out free book which is

667
00:34:56,597 --> 00:35:02,167
[david_kamara]: the personal cash flow formula and that's
at cape sierra capital slash cash flow um

668
00:35:02,788 --> 00:35:06,215
[david_kamara]: and my contacts there i mean you
could email me feel free to reach

669
00:35:06,240 --> 00:35:06,444
[casey_]: oh

670
00:35:06,315 --> 00:35:11,794
[david_kamara]: out in any way possible i'm very
accessible i feel like this space is not

671
00:35:11,954 --> 00:35:17,140
[david_kamara]: well known or not known enough and
i'm very happy to share any any knowledge

672
00:35:17,180 --> 00:35:17,461
[david_kamara]: i have

673
00:35:17,590 --> 00:35:17,871
[casey_]: awesome

674
00:35:18,021 --> 00:35:18,362
[david_kamara]: in multi

675
00:35:18,211 --> 00:35:18,452
[casey_]: awesome

676
00:35:18,422 --> 00:35:18,642
[david_kamara]: family

677
00:35:18,552 --> 00:35:20,515
[casey_]: we certainly do appreciate that now the
listeners appreciate

678
00:35:20,285 --> 00:35:20,409
[david_kamara]: yet

679
00:35:20,575 --> 00:35:24,602
[casey_]: that especially if one reaches out to
get in touch with you i know that

680
00:35:24,662 --> 00:35:28,428
[casey_]: you can draw a ton of value
because i mean you bring you bring such

681
00:35:28,528 --> 00:35:37,398
[casey_]: a m just a mass amount of
of different life experiences and again it all

682
00:35:37,478 --> 00:35:42,527
[casey_]: kind of comes back and focuses on
finding investments that cash flow finding real estate

683
00:35:42,567 --> 00:35:46,093
[casey_]: investments that cash flow and finding things
that work for you and your business model

684
00:35:46,133 --> 00:35:51,001
[casey_]: business plan all right which brings us
to the end of the show and as

685
00:35:51,101 --> 00:35:55,468
[casey_]: always please if you like today's episode
head down and leave us a review we

686
00:35:55,569 --> 00:35:58,433
[casey_]: hope it's a fire star review and
also type out a review so that others

687
00:35:58,473 --> 00:36:01,799
[casey_]: can know what we talk about here
on the cash flow pro and while you're

688
00:36:01,819 --> 00:36:06,026
[casey_]: there don't forget to smash that subscribe
button and david i can't thank you enough

689
00:36:06,106 --> 00:36:09,831
[casey_]: i know you're just getting back from
it from along from three weeks in italy

690
00:36:10,311 --> 00:36:15,316
[casey_]: i can imagine there's some cobwebs up
there and and what some tooth picks need

691
00:36:15,356 --> 00:36:17,898
[casey_]: to hold the eyes open i mean
i'm sure it's all of that stuff going

692
00:36:17,998 --> 00:36:18,258
[casey_]: on so

693
00:36:19,996 --> 00:36:21,119
[david_kamara]: lagdavitthank

694
00:36:20,390 --> 00:36:21,031
[casey_]: yeah well

695
00:36:21,159 --> 00:36:21,640
[david_kamara]: you so much

696
00:36:21,612 --> 00:36:21,772
[casey_]: well

697
00:36:21,720 --> 00:36:22,000
[david_kamara]: case

698
00:36:21,812 --> 00:36:22,253
[casey_]: thank you

699
00:36:22,141 --> 00:36:22,401
[david_kamara]: it's been

700
00:36:22,393 --> 00:36:22,473
[casey_]: we

701
00:36:22,421 --> 00:36:22,762
[david_kamara]: a pleasure

702
00:36:22,533 --> 00:36:23,434
[casey_]: appreciate you being with

703
00:36:23,344 --> 00:36:23,466
[david_kamara]: kay

704
00:36:23,474 --> 00:36:26,058
[casey_]: us today and i hope everybody has
a wonderful rest of the day

705
00:36:28,643 --> 00:36:29,247
[david_kamara]: thank you so much