The Coming Economic Depression

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Intro
Hi. My name is Rod Khleif, and I’m the host of “The Lifetime Cash Flow Through Real Estate Investing” podcast. And every week, I interview Multifamily Rock Stars and we talk about how they built incredible wealth for themselves and their families through multifamily properties. So hit the “Like” and “Subscribe” buttons to get notified every Monday when a new episode comes out. Let’s get to it.

Rod
Welcome to another edition of The Lifetime Cash Flow Through Real Estate Investing. I’m Rod Khleif, and I am absolutely thrilled that you’re here. And I’m super delighted to have the guest that I have on the show today. He’s just an incredible human being. We met really, I think, at Clubhouse and had a lot of interaction. And he’s just a humble guy, but incredibly successful. His name is Alvin Hope Johnson, and he’s got about a quarter-billion-dollar empire. I’m not going to steal his thunder and tell you about his story, but he’s also president of the Hope Housing Foundation. You know, he has a lot of affordable housing units, and just really excited to dig in with Mr. Johnson today. Alvin, welcome to the show, brother.

Alvin
Rod, thank you, man. Glad to be here with you today. It really is an honor and a pleasure.

Rod
It’s kind of you to say, and I feel the same way. So, you know, I know you’ve got really rags to riches kind of a story, and I would love to have you elaborate on that because I think it will really inspire some of my listeners.

Alvin
Well, man. Thanks, Rod. This is my second one, but this one will stick, right? I’ll tell you my– this time in my life, I volunteered for a guy, at 44 years old, and had 16,000 units of apartments. And that’s how I got started in this space. And after 13 months with him, he died in a car wreck, and I became the president of his billion-dollar-plus entity because there was a secession plan that the board of directors didn’t like. And so because I had served my way into that space, there I was. And I learned so much, man, and so, coming from a place of a guy helping me because I want to help him, gave me a different light in this industry. And then it sounds really great that I fell into the president’s seat of an entity that had that many apartments, but it was in 2009, so it was really not a great time to be in that spot with a whole lot of assets that were troubled with the financing. And so I learned a whole lot more by sitting at the table with $1,000 an hour attorneys and unwinding this behemoth of a company that had over 180 entities that involve– that only 66 apartment complexes. So that’s where a lot of my institutional knowledge of this business came, along with a lot of practical knowledge of being in the construction industry and in the mortgage business for so long prior to getting into this space. So it’s just kind of a perfect storm. And here I am, you know, 12 years later.

Rod
Well, you’re so humble. You didn’t really do it justice, in my opinion. I mean, you know, I’m reading your bio and you were a handyman, you were selling painting, you did repair services door to door, which obviously is an incredible sales experience. I’ve sold door to door and my son sells door to door. There’s no greater sales experience than that.

Alvin
That’s right.

Rod
So you had to help dissolve this giant entity in the crash of 2008 and ’09. Is that right?

Alvin
I did.

Rod
Yeah. Wow. Of course, I lost 50 million back then myself, so I mean, I have the scars as well. But it’s a– wow, what an incredible education, trial-by-fire education. Wow.

Alvin
So, Rod, let me ask you with you losing 50 million in that time and being in that same kind of situation with us going into where we are today in this impending recession.

Rod
Yeah.

Alvin
What are you seeing [inaudible] —

Rod
Or depression.

Alvin
Or depression. Yeah.

Rod
Depending on who you ask.

Alvin
Okay.

Rod
You know, Kiyosaki is saying it’s going to be the worst thing we’ve ever seen, you know. And he’s not a stupid man. He has been saying that for a while, but, you know, eventually, he’s going to be right and he could be. And, you know, I’m going into it optimistically because I actually believe there’ll be an incredible opportunity if it happens. If it happens to the degree that he thinks. Honestly, I think even if it’s just a mild recession, there are a lot of people that got this bridge debt that are going to be in trouble. And, you know, I’ve talked about that on the show. In fact, we just met a guy who– they’re adjusting his rate and his cap is over, and he’s going from 8,000 a month to 80,000 a month in payment and he’s in big trouble. And I think there are quite a few of those, honestly. So even if it’s mild, I think there’s still going to be an opportunity. We passed on it. We couldn’t get the price where we needed. But I think that– you know, there’s no question we’re heading for a reckoning. I mean, I did a Facebook Live post on this and talked about you know, the fact that there are 20 million families behind in the utilities in this country, which is staggering. 20 million families are behind in utilities. You know, when I lost everything in 2009, I built a litigation support company to help families that were in foreclosure. And we helped thousands of families. I hated the business because nobody’s happy when they’re losing their house, but we helped thousands of families save their homes. And, you know, I sold that business a few years ago and I had lunch with the guy sold it to and they are like going crazy right now. He said it’s like a tsunami of foreclosures because they held off. Not only did they put a moratorium on evictions, they put a moratorium on foreclosures. Well, those are call coming to light right now. And so that’s happening. And you couple that with, you know, the insane inflation, the insane gas, and you know, the current administration has been trying to lower the gas by selling our reserves. And then, you know, this inflation is because of too much spending, insane spending, and then they’re going to throw a trillion at student loan debt. I mean, it’s just one stupidity after another. Don’t get me started. But, you know, so I think it’s going to get worse. And I don’t know that the interest rate, you know, increases are going to solve the problem. I mean, yeah, they’re going to slow down spending, but you know, a lot of people smarter than me are saying it’s going to be– you know Elon Musk quoted as saying, “They’re lying to you. The crash is going to be bigger than they say”. You know, Trump, love him or hate him, said you know, “It could be much worse than people think.” He compared it to the great depression. So, you know, who knows? I mean, again, a lot of people are going to get sucked into fear. And I will tell you, I think after the midterms– I know, it’s a long answer to your question, but–

Alvin
No, it’s perfect. It’s perfect.

Rod
Okay. Yeah, I think after the midterms, I think the news is going to get really ugly because I think there’s going to be a political shift. And of course, there’s a big influence on the media from the left, and you know they’re going to want to make things look really bad. And I think that’s to be expected. So I think what’s coming– or what’s important in what’s coming is to be really you know, focused on positive, focused on your goals, you know, focused on what you want because it’s going to be really easy to get sucked into the fear. But it could be– you know, a lot of people say it could be the greatest transfer of wealth in history if it happens, and with that, of course, there will be an incredible opportunity. So, you know, I’m conserving cash, I’m in a lot of cash, building relationships with people with cash, and so, you know because cash is king in a situation like that. Now, I hope it’s not as bad as some of them say it’s going to be because it will just be a lot of pain, but I’m not going to be fearful of it. And I’m dragging around this big bag of losing 50 million you know, memory of losing all that.

Alvin
That’s right.

Rod
And so, you know, I have to fight it. I have to fight the fear myself, honestly. Full disclosure, but what are your thoughts?

Alvin
What you just said, fear of fighting myself has been the thing that has held me back for so many years in my career. I’m actually doing a Ted Talk about that on the 30th of this month.

Rod
Oh, congratulations, buddy.

Alvin
Yeah, it’s around fear of fighting myself from past losses or mistakes that I made.

Rod
Wow.

Alvin
And so, that’s the most powerful thing you could have said all day. But I’ll tell you that I’ve had the analogy that you know, we’ve had historic interest rates low forever. Well, you can’t hold that without the counter going as we’ve had not seen interest rates as high as I think they may go.

Rod
No, I will tell you, when I got in the business, Alvin, I don’t know how old you are, but I’m 62.

Alvin
I’m 57.

Rod
Okay. Well, back when I first started, interest rates were 18%.

Alvin
Well, that’s not like the first time.

Rod
Yeah, I remember doing backflips when they hit 7%. Like 7%, are you freaking kidding me? And so, you know, people are like you know, how can you make any money? Well, I’ll tell you, this business is empirical. It’s numbers. And, you know, so pricing is going to come down. You know, rents, of course, will likely continue to go up, but you know, they’ll flatline maybe through a really rough patch here. But you can make money at high-interest rates. You know, it’s just different, that’s all.

Alvin
That’s right.

Rod
But yes, I think they’ve got a lot further to go, candidly. Now, you know, a lot of the operators– I host a Mastermind, just about 16 billion in assets in it. We’re having a meeting actually in about three weeks, but we had a meeting the last one. We do them every three times a year. And I was the bear, you know. Everybody else was oh, it’s no big deal. The interest rates will come back down first quarter of next year. And I’m like, I don’t think so. I think it’s going to be ugly for a while. And I was the dissenting voice, so we’ll see. I’m wrong all the time. Kids love to tell me, are you tired of being wrong? So, you know, who knows if I’m wrong. But, you know, I keep seeing these headlines and they’re kind of buried, too. They’re not like big in your face. They’re kind of buried some of the really negative stuff, all the layoffs that are happening.

Alvin
Right.

Rod
There was a survey that 50% of the companies in the country are laying people off, big and little.

Alvin
And you hadn’t heard that.

Rod
Yeah.

Alvin
Right. And it hasn’t been widely spread yet.

Rod
No, it hasn’t. And again, I do believe after the midterms, which are coming up shortly, if there is a big political shift, which is expected, I think the news is going to be really ugly and perception is reality. So I think the fear will be rampant. But then, you know, I’m reminded of Warren Buffett’s famous quote, you know “Be fearful when others are greedy, and be greedy when others are fearful.”

Alvin
That’s right.

Rod
And there’s been a lot of greed these last couple of years. And so, you know, again, be fearful then. But I think when the fear is prevalent, then there’ll be you know, really good opportunity for the people that don’t get sucked into the fear.

Alvin
I agree. We’re focusing really on growth, and that’s personal growth, growth, and relationships, growth financially and literally, just growth so that we don’t get sucked into that fear side of things.

Rod
Yeah. You know you don’t know a lot about my ecosystem, but, you know, I think my success has been hinged on the fact that I spend so much time on mindset and psychology. And my God, in what’s coming, that’s going to be critical because you know– let me say this to you, those of you listening to me, I know every one of you is a leader, you wouldn’t be here if you weren’t. And in what’s coming, you know, the world needs leaders right now more than ever. And as a leader, your focus is critical. And so don’t get sucked into the crap on the news, because it is just crap. I don’t care what side of the fence you’re on. A lot of it is BS and opinion and propaganda. And so it’s really important to stand guard at the door to your mind and bring in just the good stuff. You know, if you listen to my podcast, I do my motivational clips every week. So those– or go on YouTube and watch good stuff. And just be real careful of what you allow to influence you so that you can capitalize on what’s coming instead of getting sucked up and balled up in fear, you know, worried about what’s coming. But, you know, I’m glad you asked because I talk about this on another podcast. I don’t talk about it enough on this show, so I’m really glad you flipped it on me and asked me.

Alvin
Kendra Spears, right?

Rod
Yeah, for sure. So, listen, talk about your development stuff because I was really impressed with what you got going on there. So brag a little bit about what you’re doing there.

Alvin
Well, Rod, I’ve been in real estate for 40 years, and it started with, like you said, the handyman. So I grew up in the construction phase of this, in lending. And I saw a system of construction back in 1996 when I did a loan for, I don’t know, I’ve been to Holyfield, loan this guy some money. And this guy was setting up a wall plant to build all of his wall frames in a closed environment. And so I just had that seed planted that long ago. And here we are 25 years later, I guess and we bought a subdivision in Greenville, Texas, two years ago, we were going to build 300 houses. I felt like I didn’t have enough cash to stay in the multifamily space so I wanted to go build some single-family homes really quickly and then come back with a pile of cash. But what we wound up doing was selling those lots to a national builder. Actually, we started delivering lots this month, so that’s really cool that we did that.

Rod
Nice.

Alvin
And I took two years to get that done through Covid. I learned so much you know with Force Majeure and all those kinds of clauses that guys have in their contracts.

Rod
Right.

Alvin
But–

Rod
Let me stop you there for a second because people may not know what that is. So please be ready to pick back up. So Force Majeure guys is, you know when there’s something outside of your control that impacts your ability to execute on a contract. I’ll give you a great example because I had it happen in my hotel contracts for my live events you know, where there’s an act of nature or, you know, something out of your control, like Covid.

Alvin
Covid.

Rod
Where you can’t have boot camps. And I became very familiar with what Force Majeure meant, which is you know, you have the ability to get out of a contract because of an act of God. And then, you know, now in the contracts, it’s much more clearly defined than it was back then. But anyway, I just wanted to elaborate on what that meant, so please continue.

Alvin
No, that’s good because we dealt with that with my GC that was putting in this neighborhood for us and all of the contractors that he had contracts with.

Rod
Right.

Alvin
So it took us about a year longer to get it done, cost us a substantial amount of money more than we thought it was going to cost.

Rod
Sure.

Alvin
But we still made some money. But anyway, in the process of doing that, I was looking for a way to build 300 homes in a year. And I said, if I can do 300 houses, surely I can do 300 apartments. And so we found a system called structurally insulated panels. This building system has been around for 40 years, 50 years. It’s approved by HUD. I found some of the best manufacturers in the country that wanted to partner with me in doing this. And so our goal, Rod, what we’re marching towards is 20,000 units in five years. We’re going to start with 1000 units this year was a target. We felt a little bit short. We’re going to be at about 850 units this year with a start. Next year, we’ll start with 3000 units. We’ll start with 5000 units in 2024 and 8000 units in 2025. And I believe that’ll put us at over 20,000 units.

Rod
That’s called BHAG, guys. Big, hairy, audacious, goal.

Alvin
It is.

Rod
BHAG. Love it. Well, you know, of course, the economy is going to–

Alvin
Impact that.

Rod
Impact all of that.

Alvin
It is.

Rod
You know, because it is what it is. But, you know, if you don’t shoot for the moon, you know, if you shoot for the moon, if you only hit the stars, you’re doing fine, right? Or something like that. I think I messed up that quote. And you got to have that. And I love it, buddy.

Alvin
Let me tell you more about than the numbers. It’s more about the system.

Rod
Okay? Talk about that?

Alvin
I said five years, and this is good for everybody that’s listening to your podcast. I said 20,000 units in five years. But what I really believe is it’ll take me five years to build an ecosystem that will continue to feed itself.

Rod
Yeah.

Alvin
And that ecosystem includes buying the land, entitling all of the lands, designing our own buildings, which we’ve already started, being able to finance our buildings and we’re using tax-exempt bonds to do it.

Rod
Oh, nice.

Alvin
We’re using syndicated deals to do it. So we’ve got a 501(c)(3) vehicle where we can provide affordable housing to public housing authorities and et cetera. So all of that system for five years, it will take us that long to build it up to where we’ll run forever. So not only are we doing market-rate housing, doing workforce housing, but we also have the ability and are doing affordable housing, as you mentioned earlier.

Rod
No, that’s fantastic.

Alvin
One of those verticals will continue to be a need. And the way we’re constructing these with this manufactured system allows us to do it in any climate, in any environment. Our construction time is about a third less than a typical stick building. And we get to make money off of our utilities by saving– let me rephrase that. We get to save our residents a pile of money by having a system that allows you to predict exactly what your utility bills will be in any climate.

Rod
Interesting.

Alvin
So in the north, where it’s below zero, four months out of the year, they typically have $400, $500 a month heating bills. Not with this system. Our system– we can predict that our utility bills will be $40, $50 a month.

Rod
Really?

Alvin
Yes.

Rod
Because of the construction type.

Alvin
Correct. It’s just like a refrigerator. It doesn’t know if it’s on the equator or if it’s– in the North Pole it’s 32 degrees in the freezer and it’s 34 in the refrigerator.

Rod
So it’s that well insulated, then.

Alvin
It’s that well-insulated.

Rod
This is what you [inaudible] construction method.

Alvin
That’s correct.

Rod
How does it compare price-wise as for construction cost-wise? Because I mean, I know a lot of operators really struggle to get into the affordable housing or affordable niche, whatever that means, because you know the construction cost is so high, they have to go A-class to have the numbers make sense. So could you speak to that?

Alvin
Yeah. Our construction costs on our 200-unit deal in Princeton, Texas was 78 cents per foot more. So you’re talking about 200,000 square-foot development? Well, quarter million dollars more. But it’s not just with the panels. It’s really engineering the whole system. The panels are one piece of it. Your HVAC systems, where we’re typically using 450, 500 square feet per ton of AC, we can go 1200 square foot per ton of AC.

Rod
Wow.

Alvin
So we’re downsizing all the mechanicals. We’re changing the wiring from Romex to Cat6 cable and for LED lighting.

Rod
Wow.

Alvin
And so there are so many things that go into driving the cost down and the long-term efficiency in these buildings. So it’s really been a really cool process to work with engineers–

Rod
That’s really cool. By the way, guys, a 501(c)(3) is a charitable organization under the IRS code. And I’ve got one of– you know, my Tiny Hands Foundation to help kids. And so you’re doing it for affordable housing, which is awesome. Now, are you able to offer affordable rent, or is it the savings under the utilities that make it more affordable? Or, you know, is it the debt you’re getting? Or is it the grants? Or how are you able to offer you know, affordable solutions to people? Is it all of the above? What are some of the things that allow you to offer affordable solutions with new construction?

Alvin
Good question, Rod. Great question. And different scenarios for different situations. So, with our workforce community, some of that is just done with regular rents but having a naturally occurring affordable housing mechanism where you can predict what your utility costs will be.

Rod
Okay.

Alvin
Our rents are in line with straight workforce housing rents. But you don’t have the fluctuation in utility bills. Right?

Rod
Okay.

Alvin
If we’re partnering with the Public Housing Authority, that Public Housing Authority has the ability to have this property exempt from property taxes. So when we’re exempt from property, that is–

Rod
That’s huge. That’s the biggest expense that you have.

Alvin
That’s exactly right. So when we’re able to be exempt from property taxes, then we’re able to construct this at a lower cost of operations and have lower rents that way.

Rod
That’s huge.

Alvin
In partnership with the Public Housing Authority, the taxes along with they use what they call a utility allowance calculation for the residents for a one-bedroom unit to say that all of the utilities are calculated to be at $100 per month. Well, with that calculation in these efficient buildings, we know for a fact that our utility bills will not exceed $40 per month. So there’s a $60 a month delta that that Public Housing Authority could actually capture as far as income.

Rod
Nice.

Alvin
So there’s an income generator, there’s a savings for all the residents, there’s a long-term effect or there’s a direct benefit to the residents that you know, we just saw a Covid crisis where we were worried about our neighbors catching Covid.

Rod
Right.

Alvin
In an insulated unit like this, that is not possible because the air does not transfer from unit to unit. Each unit ventilates outside within itself. So creating almost like a hospital-like environment in all of these communities.

Rod
That’s cool too. Yeah, that’s cool too. In an apartment complex, you don’t have that, you know especially with interior hallways and stuff.

Alvin
That’s correct.

Rod
Yeah. Interesting. Interesting.

Alvin
It’s really an industry disruptor when it comes to the construction, the way it’s constructed because we’re always used to doing this and doing it that way and standing up two bars up and shooting a nail in the bottom of it. And these things will stand winds up to 200 mph. They’re seismic proof to some seismic code or level G. So that means you know, earthquakes, buildings move a little bit. And so these things are really structurally–

Rod
Where are your projects right now? What states?

Alvin
Right now we’re building in Texas and in Wisconsin.

Rod
Interesting.

Alvin
So we’re, yeah, right outside of Green Bay and in Princeton, Texas.

Rod
Very nice. Well, I love, you know, the collaboration with you know, the housing authorities and whatnot. And you’re able to do that through the 501(c)(3) component of the business, I would guess, and love that. But that’s a lot of plates you’re spinning. It’s a lot of relationships, a lot of you know, red tape and bureaucracy and stuff. Talk about your team for a minute. I mean, how are you able to put all that together?

Alvin
Well, I’m probably the relationship management person.

Rod
Okay.

Alvin
Our 501(c)(3) has only four employees. We’ve got real small teams that do that from our asset management. We outsource all of our management itself with our construction. We have a team of about 13 individuals that sit on the high level that work from– so there are several different entities involved in that, and I’m a part of some of those entities, Rod. So we’ve got a consultant– they’re all consultants that bring these products together for the 501(c)(3).

Rod
Interesting.

Alvin
So it’s really a dynamic setup to where everybody that’s worked 20 plus years in their collective field, on their respective field have come together to put together a system to bring these vehicles to fruition. So it’s really dynamic to watch this that has come together.

Rod
Very cool.

Alvin
And I’m just glad that I’ve got to meet you at Clubhouse, man. I’ve seen you all over YouTube for the last five years and wondering who this guy is. And now we’re on Clubhouse.

Rod
Right. I’ve been on there in a bit. I need to get on there again. But I had a big event this last weekend, and I’ve got two more events clocked up after this. And I know you had an event, too, and, you know, there’s only so much time in the day and whatnot, but no, I love what you’re doing and I’d love to learn more about it. The affordable housing is just there’s such a need in this country. And if you’ve found a solution to that problem, I mean, every city in the country has that problem. And if you’ve got a solution to that problem with a, you know, mitigating the tax bill, for example, and so on and so forth, that makes constructing affordable housing realistic. And, you know, still, you’ve got, you know, shareholders and investors and things that need to get a return on their money. And if you’ve beat it, you’ve figured that out, that’s huge, man.

Alvin
We figured it out. A way to do good while doing good.

Rod
Oh, I love that, man.

Alvin
Oh, yes.

Rod
I want to circle back with you on that because I really love that. I mean, like I said, there’s a lot to it. Now, I understand why you said. You know you’re developing the systems right now because– you know if you can streamline that to a point where you’re able to scale more–

Alvin
It’s almost a copyrighted system that we’ve developed.

Rod
No kidding?

Alvin
Yeah. From the design of the building with the mechanical systems, it’s a 48-unit building with one and two-bedroom units. If we need three-bedroom units, we do those in a townhome-style environment where we do five attached units, separate and apart from the four-story structure. So when we’re developing those, the units are typically four-story interior car doors. The two-story townhomes with the three-story units are buffers between the neighboring units.

Rod
You mean three-bedroom units.

Alvin
Three-bedroom units. Yes. Not three-story.

Rod
Right.

Alvin
Three-bedroom units are two-story. And those are the buffers between the community that we’re building next to where most people don’t want to see a four-story building in a community with two-story homes.

Rod
Nice.

Alvin
So those two-story, three-bedroom units are a buffer.

Rod
Yeah.

Alvin
So this thing is literally just about copyrightable. We’re finishing up the final details with the– Dettson is the manufacturer of our mechanical systems. So they are very comparable to a Goodman or Trane system that you’re used to seeing.

Rod
Sure.

Alvin
But they’re in a mini-split business. And so we’ve got–

Rod
That’s the solution. Those are also incredibly economical. I’ve got one on my wall here.

Alvin
Absolutely.

Rod
And they’re so much more economical than HVAC. And I know this because I literally went through the hurricane and I met somebody because I want to get another generator for my compound. Half the compound had power. I mean, I got a huge generator out here to do half of it. And I said, screw it, I’m going to get another one because I don’t want to go through this because I didn’t have Internet. Because I got Internet coming in one of the other buildings. TMI. But the point is, I had a guy out here to quote the generator, and he goes, he’s like, man, it’s a good thing you got some mini splits over there because they’re so much more efficient than an HVAC unit. They don’t draw hardly any power. And I’m like, really?

Alvin
So you got it.

Rod
So, I can see why you’re using those. Yeah. Wow.

Alvin
So you got a 700 square foot unit that is run on a mini-split, a ducted head mini split.

Rod
Ducted. Oh, interesting.

Alvin
Instead of putting your head on the wall, we’re running three-inch flex ducts off of that mini-split system.

Rod
Oh, fascinating. Yeah, because my mini splits are just you know, right through the wall and they’re into one room, so you’re ducting in one.

Alvin
Yes.

Rod
Wow, that’s cool.

Alvin
So we’re mounting in a nine-foot ceiling unit, where you typically have your AC unit at your eight-foot level in the hallway, mounting that system there. The whole mini-split system is there, and it’s running ducts to every room from that hallway.

Rod
Wow. Very cool. Very cool. And it’s able to support it because of the insulation quality of the construction.

Alvin
That’s correct.

Rod
That is fascinating, buddy. Yeah. I’m going to come back to you. We’re going to talk about this some more because I’m very interested because I tell you, you know, that is a crisis across the whole country, and we won’t even get into the crisis that’s coming for our elderly, but just affordable housing in general, is a crisis in this country. And if you’ve got a solution for that, that is extraordinary.

Alvin
That’s the solution, Rod.

Rod
Yeah, I love it, man. I absolutely love it. Well, listen, buddy, it’s been great to have you on the show. I appreciate you coming on. It’s great to actually see you face to face and just instead of just hearing you on Clubhouse and, you know, definitely want to follow up on our conversations here.

Alvin
After the holidays are over with, man, I look forward to meeting you. I need to maybe meet you and Tiffy.

Rod
Come on down, man. I’ve got a guest house. Mi casa, I’d love to have you down. I’d love to have you down and, you know, strategize, compare notes and see if we can add value to each other. But you’re doing good things, my friend, and that’s really, really super admirable.

Alvin
So you are.

Rod
Yes. All right, buddy.

Alvin
Thanks, man.

Rod
You’d be well, and we’ll talk soon.

Alvin
Yes, we will. Thanks. God bless.

Rod
All right. Take care.

Outro
Rod, I know a lot of our listeners are wanting to take their multifamily investing business to the next level. Now, I know you’ve been hard at work helping our Warrior students do just that using our “ACT” methodology, which is Awareness, Close, and Transform. Can you explain to the listeners how they can get our help?

Rod
You bet. Guys, we’ve been going non-stop for three years building an amazing community of like-minded people, and our coaching students which we call our Warriors have had extraordinary results. They’ve purchased thousands and thousands of units and last year we did over a thousand units with our students. And we’re looking to grow this group and take it to the next level. We’re looking for people who want to follow a proven framework that’s really step by step and then leverage our systems and network to raise equity, to find and close deals, and to build partnerships nationwide. Now, our Warrior community is finding success in any market cycle. So if you’re interested in finding out more about how you can become more of our incredible network and take advantage of the incredible opportunities that are coming very soon, apply to work with us at “MentorWithRod.com” or text “CRUSH” to “72345” and we’ll set up a call so you can check us out and we can check you out. That’s “MentorWithRod.com” or text “CRUSH” to “72345.”