‘The whole purpose of collecting real power, is finding smart, intelligent ways — to give parts of it away.’ 👌🏾🦅
When I spoke at InvestFest last year, I was frustrated by all the inspiration and motivation that wasn’t turning into real action (and this is NOT a criticism of any sort of InvestFest btw. I was and remain frustrated ‘in general,’ about the untapped potential of our people. And our community. Zero shade. I commend what the brothers are doing and building at investfestival and earnyourleisure).
So, I threw out a challenge: I owned 700 single family rental home properties through thepromisehomescompany - the largest of its kind in the nation (a company which I’ve since sold, but I remain a major shareholder post sale). Some of these properties weren’t being redeveloped, so I thought, why not give someone in the audience a shot?
I offered this: I’ll provide the asset for free, you put in the sweat and tears. If you successfully redevelop it, you get 20% of the profit. O...
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