Eric Spofford

That's the other information that I have to consider when I think about selling the next time, right? It left me so fucking bored. And so it's like you give it like, okay, now you have an enormous pile of cash. But the day to day of what I'm doing right now is so fun. It's gonna be hard to let that go again, knowing that I've already had the experience of selling a business once.

That's the other information that I have to consider when I think about selling the next time, right? It left me so fucking bored. And so it's like you give it like, okay, now you have an enormous pile of cash. But the day to day of what I'm doing right now is so fun. It's gonna be hard to let that go again, knowing that I've already had the experience of selling a business once.

I've already experienced the void. Like this is the stuff that they don't talk about in, everyone wants to talk about the exit and selling their company. And I mean, how common in the business world is that conversation? We don't talk about the void after. How close are you with the people that you work and grind and build with every day? Because you just divorced all of them. You left.

I've already experienced the void. Like this is the stuff that they don't talk about in, everyone wants to talk about the exit and selling their company. And I mean, how common in the business world is that conversation? We don't talk about the void after. How close are you with the people that you work and grind and build with every day? Because you just divorced all of them. You left.

You packed. They're on another mission with another leader, with another group, and you're off on a fucking island alone with a bunch of money. You know? And so... What am I, I always have to do something, right? And so I don't know if it's back into this or too far to tell.

You packed. They're on another mission with another leader, with another group, and you're off on a fucking island alone with a bunch of money. You know? And so... What am I, I always have to do something, right? And so I don't know if it's back into this or too far to tell.

Very few, very few. That's one of the reasons why I got into social media was I looked out at the landscape and saw a bunch of people that I thought were fake. I looked at them and I was like, you're talking all this business and entrepreneurship, but you haven't actually built it. You're only good at making content and using buzzwords that sound good to get attention.

Very few, very few. That's one of the reasons why I got into social media was I looked out at the landscape and saw a bunch of people that I thought were fake. I looked at them and I was like, you're talking all this business and entrepreneurship, but you haven't actually built it. You're only good at making content and using buzzwords that sound good to get attention.

But in the world of Instagram and social media influencers, the amount of people that have actually built a real business is a small fraction. Kind of on our hands. And of that, the amount of people that have actually sold one to a successful exit is a fraction of that. So it's a small minority.

But in the world of Instagram and social media influencers, the amount of people that have actually built a real business is a small fraction. Kind of on our hands. And of that, the amount of people that have actually sold one to a successful exit is a fraction of that. So it's a small minority.

I love Section 8 housing because, one, I love third-party payer reimbursement systems and understanding that the government, if you can cut through the red tape, will actually pay you significantly more to provide quality low-income housing to the people that are in their program over and above market rate tenants because they know that they need to incentivize landlords to overcome the stigma of Section 8.

I love Section 8 housing because, one, I love third-party payer reimbursement systems and understanding that the government, if you can cut through the red tape, will actually pay you significantly more to provide quality low-income housing to the people that are in their program over and above market rate tenants because they know that they need to incentivize landlords to overcome the stigma of Section 8.

and deal with their government bureaucracy, paperwork, and red tape. And so once you can kind of figure all of that out, the ability to make money in it is astronomical.

and deal with their government bureaucracy, paperwork, and red tape. And so once you can kind of figure all of that out, the ability to make money in it is astronomical.

And it's the one thing that I've found in recent times that cash flows at such a rate that it overcomes the objection of the high interest rates and the cost of capital destroying cash on cash returns in traditional real estate investing.

And it's the one thing that I've found in recent times that cash flows at such a rate that it overcomes the objection of the high interest rates and the cost of capital destroying cash on cash returns in traditional real estate investing.

Three-bedroom and higher homes because Section 8 doesn't reimburse on square footage. It reimburses on bedroom count. So the more bedrooms, the higher the rent you're going to get. It doesn't matter if it's a 10,000-square-foot mansion or an 1,800-square-foot four-bedroom home. And then just solid bones to the property. You want to get something that's in decent condition.

Three-bedroom and higher homes because Section 8 doesn't reimburse on square footage. It reimburses on bedroom count. So the more bedrooms, the higher the rent you're going to get. It doesn't matter if it's a 10,000-square-foot mansion or an 1,800-square-foot four-bedroom home. And then just solid bones to the property. You want to get something that's in decent condition.

One of the main... There's a couple... There's a couple pain points within it. One is screening the tenants and making sure that you're bringing in quality tenants and that'll pay off in dividends over time. And the other is looking at properties and overcoming a lot of the deferred maintenance.

One of the main... There's a couple... There's a couple pain points within it. One is screening the tenants and making sure that you're bringing in quality tenants and that'll pay off in dividends over time. And the other is looking at properties and overcoming a lot of the deferred maintenance.