Derek Moneyberg

And, you know, my best friend lived in the trailer park that was basically in my backyard.

There was a second trailer park at the end of the street.

And I grew up around a bunch of white trash trailer park people.

Hmm.

Uh, and you know, for, for me, um, I have enough money and, you know, I make enough money in my business.

I have enough money in my, in my brokerage account that like, I just don't want a lot of debt on real estate.

Like if it's personal, if it's things that I use, um, now I say it two different ways.

If we bought a hotel, you and I go buy a hotel together, an apartment building or an office building.

Okay.

Ideally, ideally I'd like to own 0%.

And I'd like us to manage it well and have good cash flow that, you know, the cash flow pays all the expenses and we have this profit and we have 0% down.

I'm not saying that that structure is a viable structure.

I'm just saying, ideally, if we could buy a half a billion dollar building with 0% down and we only make 4% per year, but...

We have nothing to lose.

Worst case, it's the bank's problem.

If the economy thinks it's not my problem or your problem, it's the bank's problem.

So I think about that very differently than property that you use for yourself that's for your personal use or for your business use.

I'd rather not have debt on that.

I just don't want to have to think about it.

And probably that's fear-based thinking from my childhood.