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I made an investment that pays me $3,300 per day in profit off of a single deal that was struck.

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Welcome to the game where we talk about how to get more customers, how to make more

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customers, how to keep them longer, and the many failures and lessons we have learned along the way.

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I hope you enjoy and subscribe.

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A hundred days ago, I made an investment that pays me $3,300 per day in profit off of a single

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deal that was struck. And I told you about this at the beginning of the deal. What was going to

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happen? And so I wanted to do this as kind of a part two of what actually happened in actuality.

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For those of you who don't know me, my name's Alex Ramonesio and acquisition.com. It's a portfolio

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if a company does about $85 million a year. The reason for this channel is because I know a lot of

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people are broke and I don't want you to be one of them. All right. So one of the things that I

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like a lot is hard money lending. A big fan of it, it's private lending which is basically like you

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are the bank. And the reason I like this is because you can determine the deal structure, which means

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that you can create the upside and the downside and then it's up to the other party of whether or not

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they want to accept that. And that's valuable because if you can control a lot of the variables and

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you can you can mitigate downside risk, which if you've heard any of my stuff, the ultra wealthy

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out there, it's not about trying to hit their upside. Like everybody who's poor buys lottery tickets

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because they only think about upside, but they don't think about downside. Everybody who's rich

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who doesn't do that because they understand downside risk and how getting rich is about really

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just making fewer mistakes and letting time become an ally rather than a liability. Using time is an

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asset rather than something that is working against you. What I'm going to do is I'm going to outline

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the deal structure of of what we agreed on and then what happened. And then there was one really

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curious thing that happened that was actually awesome. And I think was probably the biggest takeaway

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from me and hopefully for you in this process. Big picture here, this was a two and a half million

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dollar note. All right. So I wired two and a half million dollars in cash to a buyer. All right.

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And the buyer went to buy a building out of foreclosure. All right. So they had a

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300 and 34 unit, which if you're like holy cow, how's it? 344 unit building to an half million.

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Hence the reason I was happy to do the deal. All right. It was also in a war zone. Like the police

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officer don't even go here. This is a deal in Memphis. And so it's 344 unit building. All right.

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It was basically condemned. There's squatters, drug dealers, you know, all sorts of stuff. Right.

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And so here, here are the, here are the risk factors, right. Which is what if I don't get the money

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back, right. Which means that I would have a building. And then how can I make sure that I get

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the money back? All right. So the first layer of defense here is guarantees. All right. So both

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of the buyers is two, two people personally guaranteed the money. All right. And they had networks

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in access of two and a half million. All right. So we had that going for us times two. Next,

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the building itself, we have the value, right. Which the question is, well, if it was condemned

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and all that kind of stuff, do we know what the value is? Like is it really worth two and a half

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million dollars? Would you ever be able to sell it? Good question. So we had three offers already

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on the building for between five million and 5.6 million. So an offer is one thing, right. But

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is there another level we can have? There was actually somebody put earnest money down,

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meaning that they had made the offer and it was accepted and they were going to put money in the

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deal. So there's earnest money of 300 K. So they had said, we want to buy it. It was these guys,

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the 5.6 guys, right. Ernest money of 300,000 in the deal, saying that as soon as you guys can

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transfer the title over to us, then great. All right. And the last thing was was to make sure that

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we were actually in the sounds minor. But this is how a lot of deals get messed up that we were

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actually on the title, right. So that means that if for some reason we do not, we do not get

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repaid, we are the first, the first, you know, the first people who have ownership or entitlement,

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rather, you know, title to the property, all right. So that there's no other leans against the

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property that we are the only ones who are going to be receiving a property if something went

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into fault, right. And so our cash was used to pay off the last person who had a lean on the home,

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sorry, on the homes of the building. And then we took over that position as preferred. And so

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this was kind of the deal structure, all right. Now this is how we got paid, all right. So these

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are the payment terms. So it was 4% per month, all right. Now 4% times 2.5 million, if you're curious,

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right, due to do is $100,000 per month, all right. So I was making $100,000 per month for the last

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three and a half months for them to hold this money. Now after the fourth month, so for some reason,

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they hadn't done this deal in four months, which it was supposed to be done in 60 days, which it

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was. And so I'll talk about that in a second, right. So if it was, if it was done in, if it took

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four plus months, the interest rate would double, all right. So then it would go to 200,000 per month,

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all right. Because then it starts to reflect that there might be more risk here, right. So I need to

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start getting compensated more for this, all right. On top of that, what we did was a two month

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minimum carry, which basically just means that even if they do the deal in 20 seconds, I still get

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two months of carry, which means minimum of 200K, I'm going to get back for just risking the two and a

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half million, which means I'm getting 8% or whatever, no matter what, just for doing this deal. So

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that's the minimum of 200K, because there's a minimum two month carry, all right. That's the key point

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here. Hey guys, real quick for those of you guys who are $100 million offer spans. I love you.

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I added in a lost chapter that has never been released. I'm releasing it now transparently. I'm

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doing that to build hype for $100 million leads. But you will have the unreleased chapter. It talks

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about your first avatar and how to segment customers to make more money. You can get it by going

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to acquisition.com forward slash leads. It's a free, an exchange for email so that I can email you

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when we launch a million dollar leads and so that you cannot miss out on it because last time I

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sold out for like eight straight weeks, really fast. So that is my way of making sure that y'all get first

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dips. Beyond that, what happened is after this deal ended up closing, here's what happened. So

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the individuals who did the deal, they flew out to see us and have a kind of like a celebratory

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dinner. This was kind of interesting. So they're like, hey, you're lawyer sent over the note.

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And it looked a little light. And I was like, what do you mean? They're like, well,

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you know, we've had the, we've had the property for 100 plus days now, right? And the note said

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275K. And I was like, huh. And they're like, yeah, I mean, that wasn't what we agreed on. We

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agreed on paying you more than that. And so this was, so here's what happened, right? So our lawyers

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messed up for lack of better terms. They just messed up when they sent the, the, the, the loan

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invoice for repayment at the end of this. And what was interesting is that this individual,

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because he's long term minded as well and also a high ultra high net worth individual. And this

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is why I think this is probably more valuable than the deal itself was like, yeah, my lawyer saw it.

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He was saying his lawyer saw it and said, yeah, let's just send the money like, and you know,

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that they made a mistake. Let's, let's move on, right? And save ourselves, you know, almost a

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hundred grand, which I'll show you in a second what the actual amount was. And he said, oh, man,

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he's like, now you can't be my lawyer anymore. And he was telling me this story over dinner. And

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it was so funny, because we both had this kind of same is, so the more deals you do with someone,

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there's a big five letter word that starts to occur, which is trust, right? The more times you

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lend someone money, the more times they pay it back as agreed upon, right? And especially if you

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have an instance where they have the opportunity to screw you over where most people would, especially if

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they think that they that you'll that you won't find out, which we might not have found out. But the

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thing is is I might have also looked at these notes a while later and been like, like if I had free time

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and been like, this is off. What is this? Right? And so anyways, he caught it. His lawyer caught it.

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His lawyer said to go forward with it anyways. He chose not to and to bring it to our attention.

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And so we obviously are not going to use our lawyer anymore. He's not going to use his lawyer

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anymore, because our guys made a stupid bone headed mistake. And that's what we pay them for.

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It's to not make these mistakes and double check these things, right? And he has made an ethical

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error, right? So mine was an error on skill. His was an error on ethics. And if you remember my how

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I picked mentors and vendors video, I talk about the three circles, right? You have the skill,

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you have the the ethical component, and then you have the hard working component. And so both these

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guys worked hard, but they didn't have this one of them didn't have the skill and the other one

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didn't have the ethics. So this is what ended up happening, all right? So 275 was the deal.

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Instead, we did the we had it was a hundred and something days or whatever. So we had 300K plus

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33, 33, 33, 33 per day until the deal was closed. All right? And so it ended up being like

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350K or something like that with decimals, right? That we got paid back plus the 2.5 million.

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All right? So we got to check back for 2.85 million. And we have trust, which is the most

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valuable thing that you can have, right? And so this is this is ultimately one of those currencies

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that people do not understand who are new to business is that trust is the most valuable thing.

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I mean, we were talking about this over dinner and he was like, you only get one name, you know what

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I mean? You only get one. You only get one name. You only get one reputation. See if I can

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not get the son of my eyes here. You only get one. And you know, we're obviously, you know,

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hoping to do bigger and bigger deals with you guys is, you know, we earn more and more trust and

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we can do, you know, $10 million deals, $50 million deals. And we'd rather have partners that we

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know we can rely on. And so it goes both ways. And so any who, this was a very valuable experience

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from me in two ways. One, obviously, because the the whole deal worked out. And for those who

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were like, why don't you run a mastermind? It's like, because I could just move the money and not do

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anything and make almost one undergrad. That is why I'm just being transparent with you guys.

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Like that's why I don't sell anything on the channel. That's why the the trainings we have when

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acquisition.com are free for all entrepreneurs and the book is 99 cents. You can get it on Amazon.

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Because I just want everyone to win. So anyways, this is the deal. A lot of people, like no one taught

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me how to do this stuff. So it was me just trying to figure this out as I go. So hopefully you can

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think through some of these variables if you ever get in that situation. And then also, I just

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was a side note here. I do have to pay 50% in taxes on this. And so that's why you need for me. I

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have to have really high returns on any kind of private lending because the the I have to realize

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those games, right? And they're not capital gains, the regular income. And so when you have that,

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I'm actually making 175 after after taxes on this deal, which, you know, in terms of percentages

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on on my original, I still want to loan that money out again, you know, again this year so that I

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can still get at least, you know, 10 or 20% return on it. That's the big deal in terms of the money

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stuff. The bigger deal was the trust and the value of having trusted partners because they are

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worth their weight in gold. And, you know, we should only be so lucky to have a handful of people

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that you can trust throughout your business career. And, you know, my hope is that from this

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channel that you are one of them in terms of in terms of yourself. And then also maybe, you know,

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you grow your business to three or five or 10 million a year and then you let us invest with you

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so we can help you grow more. So anyways, keep being awesome. Lozination. Love you. If you enjoyed

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this video hit the subscribe button. If you didn't enjoy the video, love you anyways. And I'll see

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you guys in the next video. Keep being awesome. Lots of love. Bye!