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Investing in Restaurants and Private Equity
The speaker is a minority owner in various restaurants, aiming not to be the main person but to support operators with the majority stake who run the businesses. They typically enter deals with a 10-10-10 or 20-20 structure, getting a 10% profits-only interest, a minimum monthly distribution of $10,000, and 10% of proceeds on sale. The gains are treated as ordinary income, simplifying the process. Deal sourcing primarily comes from the speaker's communities to enhance deal flow, aligning with their strategy of using their businesses as a front for private equity investments.