And we didn't mention our fourth member of the booth today of the podcast, which is, I think, one of your investors, also guest number one of my podcast, Suli's here. So is this true? Can you just verify? Are you getting a check every quarter for these investments?

Yeah, absolutely. Love it. I put in a little bit more than $100, but I love getting $6 every, $6 to $8 every year on

the property that I've invested. And you told me, because when I sold the company, I was like, what should I do with my money? And you were like, you have all these options, but your favorite one was real estate. You said you and your family kind of had a bunch of duplexes in Florida that you're like, this is one of the best investments I ever made. Talk about how you've invested in real estate. What do you think about? So

in 2008, you guys invested in Bakersfield and Phoenix. Those are some of the places that were hit hardest by the financial collapse of the system. My parents were living in Florida in this county called Lee County, home to Fort Myers. And that was actually the fastest growing county in Florida during the entire real estate boom. And so therefore, it was the hardest hit. In San Francisco, where we're filming this, it costs about $1,000 to $1,500 per square foot to buy a piece of real estate. In Florida at the time, in 2008, it would cost $30 to $40 per square foot to buy a piece of property. So what they would do is my parents would go and buy a property for $60,000, rent it the next week for $600. And over time, what's happened is that property is worth $250,000. And just like you were saying, time and inflation are real estate's best friend. Now that property rents for $1,500 or $1,600. So all of the money that was put into the property has been paid back four or five times. And every month, my parents own about 90 properties, single-family homes and duplexes in Florida. So they'll generate about $150,000 to $200,000 of just rent every month. And since they never took a loan on the property, all of that just gets paid to them every month. It's really friendly from a tax perspective. So when you sold the company, Sean, I recommended you invest in real estate because I think that's the best way to get rich slowly and the most reliable way without getting lucky to get rich is real estate. I

like it. I like the way you said that to get rich slowly, which is not usually advertised. So, you know, the name of the podcast is My First Million. And I think we kind of get the general idea of how you made your first million, which is you started buying a property, started with the fourplex and went up from there. But I want to know about the time. So he said, get rich slowly. How long from the day you started doing real estate? When were you you get to the point where you were a millionaire? You had a million bucks from doing this. How many months, years, how long did it take? Definitely slowly.

The first year we bought 15 of these little fourplexes with a few family friends. We didn't start making bigger money until we started generating larger acquisition fees and asset management fees. And when we started dealing with bigger properties, the fourplexes were just a great way to cut our teeth and really learn the business. I'd say when we started buying the bigger properties, all the acquisition fees we made, we actually reinvested in the property. So we even went even slower. We didn't actually put it in our pocket, which is good because that property went up tremendously in value. So our acquisition fee doubled or tripled over the years, and that became a lot more. So I'd say the first three, four years, it just took a lot of time and energy. My personal burn rate was pretty low. I was living at home for the first few years. And I'd say once we started buying the larger properties and once started selling them,

then

I hit that million-dollar mark. So that might have been five

years? Probably, yeah. Seven years?

Maybe five. We bought our first bigger property a full year later, but we didn't start selling them for at least three years. So I'd say maybe four or five years it took, yeah.