James Catledge

I'm getting there. I'm getting there. I have a real estate. Everybody, this is back when your housekeeper owned three rental properties. Okay. Sure. Okay. We all remember this, right? Everybody owned rental properties. We have no real estate to offer inside our portfolio. None. We're insurance, we're annuities, mutual funds. There's no real estate. It seemed like an omission.

I'm getting there. I'm getting there. I have a real estate. Everybody, this is back when your housekeeper owned three rental properties. Okay. Sure. Okay. We all remember this, right? Everybody owned rental properties. We have no real estate to offer inside our portfolio. None. We're insurance, we're annuities, mutual funds. There's no real estate. It seemed like an omission.

So I tasked my CFO to go find us real estate. I don't want everybody to be with Century 21. It's a conflict. It doesn't make sense to get them all real estate license. We could lose half our guys. I said, find us an opportunity to offer real estate to our clients so that we have that in the quiver. He brings me a father-son developer team out of the Dominican Republic.

So I tasked my CFO to go find us real estate. I don't want everybody to be with Century 21. It's a conflict. It doesn't make sense to get them all real estate license. We could lose half our guys. I said, find us an opportunity to offer real estate to our clients so that we have that in the quiver. He brings me a father-son developer team out of the Dominican Republic.

So I tasked my CFO to go find us real estate. I don't want everybody to be with Century 21. It's a conflict. It doesn't make sense to get them all real estate license. We could lose half our guys. I said, find us an opportunity to offer real estate to our clients so that we have that in the quiver. He brings me a father-son developer team out of the Dominican Republic.

They pitch us on their existing hotel operation. They want to turn into a timeshare operation. Now, they're going to leverage their existing paid-for hotel They're going to create timeshare fractional interest in it while they build out a new property. And then we're going to leverage fraction that one and build out a new property. So we're going to build three properties.

They pitch us on their existing hotel operation. They want to turn into a timeshare operation. Now, they're going to leverage their existing paid-for hotel They're going to create timeshare fractional interest in it while they build out a new property. And then we're going to leverage fraction that one and build out a new property. So we're going to build three properties.

They pitch us on their existing hotel operation. They want to turn into a timeshare operation. Now, they're going to leverage their existing paid-for hotel They're going to create timeshare fractional interest in it while they build out a new property. And then we're going to leverage fraction that one and build out a new property. So we're going to build three properties.

The brand we're operating under is Maxim. You know, the men's magazine Maxim. This is our partner in branding. This is just the real estate side of my business. Okay. My guys are offering anywhere from $15,000 to $300,000 condominium fractional interest in the Dominican Republic on the ocean called the Maxim Bungalows. So if you're Googling this, Google Maxim Bungalows, Dominican Republic.

The brand we're operating under is Maxim. You know, the men's magazine Maxim. This is our partner in branding. This is just the real estate side of my business. Okay. My guys are offering anywhere from $15,000 to $300,000 condominium fractional interest in the Dominican Republic on the ocean called the Maxim Bungalows. So if you're Googling this, Google Maxim Bungalows, Dominican Republic.

The brand we're operating under is Maxim. You know, the men's magazine Maxim. This is our partner in branding. This is just the real estate side of my business. Okay. My guys are offering anywhere from $15,000 to $300,000 condominium fractional interest in the Dominican Republic on the ocean called the Maxim Bungalows. So if you're Googling this, Google Maxim Bungalows, Dominican Republic.

That's our property. For five years, we sell $180 million worth of condominiums on the ocean in the Dominican Republic. In the sixth year, my partner and we, all money's flowing beautifully. I'm paid, company's paid, my clients are being paid. Everybody's winning. In the sixth year, it's 2020. Six, seven. The world's turning upside down economically. Vegas specifically. Money is less available.

That's our property. For five years, we sell $180 million worth of condominiums on the ocean in the Dominican Republic. In the sixth year, my partner and we, all money's flowing beautifully. I'm paid, company's paid, my clients are being paid. Everybody's winning. In the sixth year, it's 2020. Six, seven. The world's turning upside down economically. Vegas specifically. Money is less available.

That's our property. For five years, we sell $180 million worth of condominiums on the ocean in the Dominican Republic. In the sixth year, my partner and we, all money's flowing beautifully. I'm paid, company's paid, my clients are being paid. Everybody's winning. In the sixth year, it's 2020. Six, seven. The world's turning upside down economically. Vegas specifically. Money is less available.

People don't have 401ks, IRAs. They're being depleted. There's less money to borrow, less liquidity in the market. My partner says, you've got to increase cash flow here so we can finish this third property. I said, what do you mean? We're selling these units And you're basically taking the money assigned to room 101 and building it. What do you mean we need to increase the capital?

People don't have 401ks, IRAs. They're being depleted. There's less money to borrow, less liquidity in the market. My partner says, you've got to increase cash flow here so we can finish this third property. I said, what do you mean? We're selling these units And you're basically taking the money assigned to room 101 and building it. What do you mean we need to increase the capital?

People don't have 401ks, IRAs. They're being depleted. There's less money to borrow, less liquidity in the market. My partner says, you've got to increase cash flow here so we can finish this third property. I said, what do you mean? We're selling these units And you're basically taking the money assigned to room 101 and building it. What do you mean we need to increase the capital?

He says, I'm telling you, Catledge. That's the way he spoke to me. I'm telling you, Catledge, father, son, you've got to increase cash flow or we have a problem. I said, well, what could be the problem? We've got two finished hotels that are paid for. We're in the middle of the third. Cash flow is tight, but we're selling the units as we go. The clients have contracts.

He says, I'm telling you, Catledge. That's the way he spoke to me. I'm telling you, Catledge, father, son, you've got to increase cash flow or we have a problem. I said, well, what could be the problem? We've got two finished hotels that are paid for. We're in the middle of the third. Cash flow is tight, but we're selling the units as we go. The clients have contracts.

He says, I'm telling you, Catledge. That's the way he spoke to me. I'm telling you, Catledge, father, son, you've got to increase cash flow or we have a problem. I said, well, what could be the problem? We've got two finished hotels that are paid for. We're in the middle of the third. Cash flow is tight, but we're selling the units as we go. The clients have contracts.