[00:00:01] Speaker A: You're listening to PTC point of view brought to you by preferred trust company, the preferred custodian for all alternative investments. We're here to provide retirement savers like you with the tools you need to succeed. Need a confidence boost when it comes to investing outside of the stock market? Do you want the power to build a tax sheltered nest egg that will last through your golden years? You've come to the right place. Turn up your speakers and turn off cruise control because we're taking you on the alternate route to investing with your IRA.
[00:00:38] Speaker B: So welcome. We have Rob Anderson from BB Capital with us today to talk all things real estate investing. So let's talk about. Let's just get right into it.
[00:00:50] Speaker C: Sure, absolutely.
[00:00:51] Speaker B: All right, so who is BB Capital?
[00:00:54] Speaker C: BB Capital is an investment company. Well, we're a real estate company. Let me step back. We're real estate investors in control of the deal. Nice. Right. And we're letting. We're giving opportunities for others to invest with us or alongside of us in what we're doing.
[00:01:12] Speaker B: I like that. So you're investing in your own product?
[00:01:14] Speaker C: Oh, absolutely.
[00:01:15] Speaker B: All right. What's your product?
[00:01:17] Speaker C: Anything that makes really good money is real estate related. I jokingly say that because we're opportunistic, a lot of folks will just. They'll pick a lane, and that's their lane. Well, what happens when that lane goes out of favor? Yeah, pretty much. They shut the doors or they lay off. We never wanted to be in that position.
What we will do is we'll stay to one geography. We're pretty much just Texas only.
[00:01:39] Speaker B: Right? Okay.
[00:01:40] Speaker C: But we're not afraid to go into different property types or different markets inside our focus, which is the state of Texas, if we need to. A good example be what we were just talking about a second ago. Value add multifamily is getting harder and harder to pencil. The returns are getting lower and lower and lower. But construction still makes a lot of money, and there's a lot of supply and demand issues that still work there. In fact, the price of lumber has already dropped down to pre Covid numbers. Have you seen this?
[00:02:09] Speaker B: Yes, I'm building a house. Of course I've seen this.
[00:02:11] Speaker C: Oh, yeah, exactly.
Yeah. So it's a big deal. So very opportunistic. Where, from an economic standpoint, even a macro, does it make sense to do what and where's the best risk return? And that's where we want to play.
[00:02:25] Speaker B: All right, give me your last deal you closed. Break that deal apart for me just a little bit. What does it look like from an investors perspective?
[00:02:31] Speaker C: You mean like a round trip?
[00:02:32] Speaker B: Yeah.
[00:02:33] Speaker C: Okay. The one I like to tell you about actually was down in Houston. And here's why. It's not a perfect deal, okay. Because there's no perfect deal. You're right. Okay.
[00:02:43] Speaker B: Risk and everything.
[00:02:43] Speaker C: So this was ground up multifamily. Now we do a lot more because we have the industrial fund. We talked about 330 doors from the ground up. We raised $6 million from investors. We had a $30 million loan three years later, fully built, beautiful pool, beautiful property. It's just south of the Woodlands if you've ever heard of that. It's a big economic area and we're ready to sell it. Well, this little thing happened. You might have heard of it. It's called Hurricane Harvey.
[00:03:11] Speaker B: Yes.
[00:03:12] Speaker C: Yeah. It kind of put the brakes on things, right. And so we couldn't sell. We're not going to sell just because an alarm went off.
[00:03:21] Speaker B: Right.
[00:03:22] Speaker C: We sat on it for another. I want to say it was 1213 months. The market stabilizes. Stabilize. It always does. The big question is when, right. I always tell people there's two things you need to know. It's illiquid and I can't control the clock.
Outside of that, let me explain the deal to you. So it's about 1213 months later, we finally exited and sold it to a California investor for over $48 million. So cash, on cash basis, investors still doubled their money. It took a year longer than we wanted it to.
[00:03:52] Speaker B: Yeah, but they still doubled their money.
[00:03:54] Speaker C: And it was only four years.
[00:03:56] Speaker B: Patience is the key in real estate. Would you agree?
[00:03:59] Speaker C: Absolutely.
[00:04:00] Speaker B: Because you are going to. It won't be the first, Harvey. It won't be the last.
[00:04:03] Speaker C: Right?
[00:04:06] Speaker B: Obviously.
[00:04:07] Speaker C: Right. You just.
[00:04:07] Speaker B: You just have to know how to weather the storm. No pun intended. I'm not trying to, you know, place havoc on what happened there, but sometimes you do. You have to, you have to hold and you have to wait before you can receive those returns. So would that be give me your pinnacle investment that BB capital has ever made?
[00:04:31] Speaker C: So our home run deal. It's funny. That was in Houston too, and we haven't done a ton down there, but for some reason. I have two examples from down there. We took a property that was condemned and convinced the city to make it worthwhile to do. Took it to its stud. This is pre chip and Joe, by the way.
[00:04:51] Speaker B: Okay.
[00:04:52] Speaker C: Okay. This is about a 200 unit, condemned multifamily. Took it to the studs, completely renovated it, turned it into a class A property.
Everybody passed on this. Everybody passed on this forex in two and a half years for investors. So why? People ask how? Why? And I can't promise you I'll ever see that again. Yeah. And we probably may not actually see that ever again. Well, number one, it's coming right out of the recession. Right. So this was zero nine to actually, this was 2010 to 2012. And so timing was great.
[00:05:25] Speaker B: Yep. Distressed value.
[00:05:26] Speaker C: What people didn't realize there's million to $2 million homes within a half mile to mile radius of this property. This property was the single worst eyesore in a three mile radius. Nobody was willing to put in the sweat equity in the work to do it.
[00:05:41] Speaker B: But you did. It paid off.
Reason why I'm asking you questions about the good, the bad, and the ugly is I'm trying to figure out exactly what Bb capital strengths are.
[00:05:54] Speaker C: Pivoting.
[00:05:55] Speaker B: Yeah, it's pivoting.
[00:05:57] Speaker C: I'll tell you, the worst one we did was a portfolio property, and we had to part ways with a partner, former partner, over this in that we had third party property management. This was multifamily, too. I know it's like, that's all we do, but these are just my examples. Yeah, and the third party property manager is not financially aligned with a property owner. If you look at how they get paid.
[00:06:22] Speaker B: Yes, and it's a flaw.
[00:06:24] Speaker C: And.
[00:06:25] Speaker B: But every.
[00:06:26] Speaker C: But they're big and everybody uses them. And we actually had to sue them for breach of contract and got a mid six digit settlement.
And so what did we do? We went and created our own property management company that we could control. It is aligned with our investors interests. Right. So people always say, what's your specialty? There's a lot of things. We're people just like everybody else, but we are willing to pivot. Like value add is tough. Construction works. You know, there were times when multifamily wasn't the right thing to do. We got into industrial, we were big into office. We had to take a break on office. Right. It just depends on what the environment is and what's where to be. Where should you be.
[00:07:11] Speaker B: So tell me about all your in house services. What do you guys provide? Do you do your own capital fundraising? Do you sound like you have a construction company? You have a property management company that kind of run me through, what, the gamut of services that you guys provide in house?
[00:07:25] Speaker A: Sure.
[00:07:25] Speaker C: We do full development inside in house. Right. So we have our own capital. We raise our own capital through investors. We love ira investors. We have a construction company. And this is important because they are civil engineering degree people. And so when you get the civil engineering plans back, do you really know what you're looking at? Can you call them? The carpet on it, that's a big deal.
The person who runs that is also an attorney. So when it comes down to the contracts, there's a lot of contracts. And how do you structure that helps a lot. So we have that in house, and then we have property management house, as I mentioned earlier. So the full development side of it, the construction side, the capital side, and the property management side is in house. If we go into an asset class or a property type, that maybe we feel like we don't have the full expertise and we'll partner. So, like, on the industrial side, we have a partner, and we think there's some of the best that we found, and that's how we'll do that.
[00:08:20] Speaker B: Okay, talk to me about.
Describe a typical investor. What does your typical investor look like?
[00:08:27] Speaker C: You know, what's fascinating to me is I would say my corporate executives are still in love with the stock market.
Not fully. Not fully at all. Because I was corporate executive and I got. I quit and went into real estate hold up.
[00:08:43] Speaker B: Right? Yeah.
[00:08:44] Speaker C: But if I were to stereotype them, you know, they'll dabble in real estate.
However, my entrepreneurs are about the polar opposite.
[00:08:54] Speaker B: Yes.
[00:08:54] Speaker C: My entrepreneurs love real estate. They love deals. They don't trust the stock market. I find it fascinating. It's like a personality type. And so the majority of our folks, we have everybody, right. But, boy, those entrepreneurs are just loving this stuff. They are. They can read a deal. They can understand it. They can look at the financials. They've run a business where they've sold a business. They understand that side of it. It makes more sense to them.
[00:09:21] Speaker B: What does your education look like? What kind of information do you provide your investors before they invest in a project?
[00:09:28] Speaker C: Well, I've actually told people they can't invest yet.
I'm that weird guy. So you don't understand. You've got to understand, or I don't feel comfortable taking your money. This is going to sound a little arrogant, but I don't need your money. I want it, but I don't need it. That's a big difference. There's people out there that need it. And so you've got to be careful to see who you're dealing with. I always tell people, you have to understand the risks, and they'll say, I'm ready to go. You're not ready to go. Why am I not ready to go? You never asked me what the risks were. You have to understand this. And I think the risks are a, b and c. And then are those risks, what's the likelihood of that? And is it worth the return? That is risk return. So, number one, what are the risks? And do you fully understand those? Are you comfortable with the answer is no. This isn't the right deal for you. Yeah, let me understand. Let's talk further. We'll find a deal that is right for you. This 1 may not be it, but secondly, what's the exit? How do you get out of this? This is 100% illiquid. I joke with people all the time. You give me some money, you call me a month later because something happened. I can't give it to you. I bought a building with it, right. I'm not going to sell a brick, a brick, a couple of bricks to give you your money.
[00:10:36] Speaker B: It doesn't work that way.
[00:10:37] Speaker C: Yes, you've got to understand that. And especially if they've not done this before, the lack of liquidity is the first hurdle.
It's a mental thing. You've got to understand that. Yes. That may also be some of the difference.
[00:10:50] Speaker B: What's the typical hold period?
[00:10:51] Speaker C: Three to five years? Yeah, sometimes shorter.
We'll do some bridge stuff. That might be one to two years, but most of the funds or the projects are three to five years.
[00:11:01] Speaker B: Okay, so, illiquid nature, what's the give me the second risk. I think you're running down risk factors.
[00:11:06] Speaker C: Well, no, the other thing I was gonna say is, what's the exit?
[00:11:08] Speaker B: Yes, the exit.
[00:11:09] Speaker C: How do you get your money back? How does this sponsor, which is what we're called, but how does this real estate developer, in this particular situation, return your money, and how do they promote, how do they create that return? And is that a viable way of doing it? In other words, if the way you're going to get your money back is through a refinance, that's not technically an exit?
Is there an institution willing to pay the price tag for what they are creating?
And have they done it before? What's the market for it? Is this something they truly want? One thing I share with people, our industrial fund, is what we're doing, is we're putting properties together in a portfolio, because institutions love industrial, they love triple net, but they do not want to buy one at a time. Nope. But they love them. A good portfolio. And so that's what I mean. Like, is the exit sound? Does it make business sense? So people understand the risks, understand the exit, and then obviously, the only other thing you can really do besides understanding the deal is evaluating your sponsor and their track record.
[00:12:13] Speaker B: Yeah. All of your investors? Accredited investors? Yes, all accredited investors. Okay. All right. And where do your investors come from?
[00:12:21] Speaker C: We're in almost 50 states.
[00:12:22] Speaker B: Really?
[00:12:23] Speaker C: Almost 50 states? A few out of country. Okay.
Not sure we want to keep doing that, but we've had a few.
The taxes are kind of on now, but pretty much everywhere. It's everywhere now. We're in a nice spot.
People that call Texas the California from the seventies, that may be a little grand. I hope it's not. But since that's where we are, because of the massive in migration, the state is seen and the lack of building. So this is what you might find this interesting. Back to zero eight. That was truly a real estate bubble. People go, is this a real estate bubble? I say, no, it's not a bubble, it's coal. It's a totally different thing. Back in zero eight, there was this massive overbuilding. We've had a massive underbuilding this time around.
[00:13:08] Speaker B: Yes.
[00:13:08] Speaker C: Now we've got this inflation thing, which is really annoying. We didn't have then. But from a pure supply and demand demographic, for every, I want to say for every thousand people that move to an area, you need 1.2 million in warehouse space built, stuff like that. Right. You need housing, you need retail, you need grocery, you need all the stuff that goes with it. Right. And so when you have that massive in migration without the buildup coming to it, it does a wonderful property values.
[00:13:39] Speaker B: Sure does.
[00:13:40] Speaker C: How do they invest with you?
[00:13:41] Speaker B: Do they invest in their businesses, their qualified funds, cash?
[00:13:45] Speaker C: Like, what do you, what do you.
[00:13:46] Speaker B: Typically see from a well, so you can avoid.
[00:13:51] Speaker C: You can invest directly. Joint LLC, trust. We see a lot of that. We see a lot in the qualified space area. Right. Whether it's a sep IRA, Roth, handful of 401K, pension stuff. But I'd say the most common would be trust, LLC, direct, or the IRA, you know, and so the IRA is access to capital.
And so people look at real estate as a diversification. Now, my compliance officer would kill me if I didn't say one's liquid, one's illiquid. Get that. Okay. Now, once you get that, the beauty of real estate is it's uncorrelated to the equity markets. And so that is something, especially today, that people are interested in.
[00:14:33] Speaker B: Yeah, absolutely.
[00:14:34] Speaker C: In their cash or after tax, as well as their pre tax qualified life.
[00:14:39] Speaker B: Yep. From both perspectives. Okay, you had just mentioned that there's a variety of different types of funds.
What are you currently raising capital for right now?
[00:14:50] Speaker C: Well, one thing I didn't mention is a 1031 exchange.
[00:14:53] Speaker B: Oh, yes.
[00:14:54] Speaker C: That's bringing out. That's another one that's gotten really popular. Why? Because, you know, it's been 25 years since Robert Kiyosaki wrote Roost at poor dad. 25 years. I looked it up because that was one of the things that got me and a lot of other people going. I bought a bunch of rental houses and it works. And I got tired of having a second job, so I sold them all and went purely passive, which is what I'm preaching right now, is. And that's happening across the board, because asset values and property values are so high that people are saying, I really would like to take advantage of this price point. I don't know if it's going to last forever.
I did it myself. I sold vacation home recently.
But then they see that tax bill.
[00:15:33] Speaker B: Yes.
[00:15:33] Speaker C: Not only that, they see the depreciation recapture. That happens because you appreciate that stuff all along the way. You get to defer all of that if you exchange it. But then there's this time constraint. 45 days to figure something out, 180 days. Well, the beauty of a Delaware statutory trust is you can exchange into a bigger, more institutional property. So we've been doing that for investors. It actually started out of investor demand.
We had so many phone calls asking us for a 1031 option. So that's something that's open right now. We have our triple net industrial fund that's open right now, and we have a land play that's open right now. So we give investors the ability to finance the purchase of land that we're going to develop, and it capitalizes the pre development. And then when we actually raise the development, it buys the land investors out, plus an interest payment of some sort, which is usually pretty high.
[00:16:24] Speaker B: Yeah. Am I allowed to ask, what does the return look like on the land?
[00:16:28] Speaker C: Yeah, we paid most of the time, we've been paying about a 20% preferred return. So what is a preferred return? That's first money off the top. People think that's current income, it's not current income. So if you invest in this, you don't get paid for a year, but then when that year's over, you get the full return of capital and you accrue the pref through the year. So if it took nine months to be 15, it took twelve months, it'd be 20, etcetera. There's no guarantee, obviously, but you're backed by the land is why a lot of people like it. Worst case, return to sell the land.
[00:16:59] Speaker B: Yeah.
[00:16:59] Speaker C: Never had to do that yet. It's been a really nice financing arm, especially right now for us, because banks are, we've got a great reputation with the banks that we work with, but there's only so much debt they'll let you have. There's only so much leverage. And if we have the land taken down free and clear, then we can contribute. That get better terms on the construction.
[00:17:19] Speaker B: Yeah, absolutely. They love to see that changes the banking relationship real quick.
[00:17:25] Speaker C: It does, it does.
[00:17:26] Speaker B: It opens the floodgates a little bit more.
[00:17:28] Speaker C: And having your own source of capital and your own construction company helps your banking relationship too, because banks are gun shy about a sponsor that can't control all of that. Because if there's outside parties, they could pull the trigger on you and your deal just died. Yeah.
[00:17:42] Speaker B: You're reducing their risk, correcting the deal 100%.
[00:17:46] Speaker A: You're listening to PTC point of view brought to you by preferred trust company.
[00:17:58] Speaker B: So what would you say is the best IRA vehicle with BB capital?
[00:18:03] Speaker C: I would say two things. The land or the land plays that we do are good because generally there's no debt on them. So you don't have ubit exposure. Right. The other one would be our triple net industrial fund, because for the same reason, it's going to have very, very little, if any, ubit exposure on it. And it's a good way, if you've not done this, to start investing, because it's a very conservative investment. It's much further down the risk return spectrum, because as you know, triple net, you're talking about good sized companies.
[00:18:32] Speaker B: Triple net. Stop. What does it mean?
[00:18:34] Speaker C: Okay, triple net. That term comes from, if you'll see it written, it's three capital ends. So what do you net of? So in this situation, we're signing leases with companies, and the companies are responsible for 100% of the taxes they have to find, source and pay for the insurance, manage and maintain all of the building. So think about if you had a rental house and your tenant would be a dream tenant. Could you imagine I'd still own my rental house, especially with the maintenance side of this. So that's what triple net is, or absolute net is another one where you are responsible for nothing but accepting the rent. Now we still have to go make sure they pay their taxes. We still make sure that they have the right double back.
[00:19:16] Speaker B: Making sure we still.
[00:19:18] Speaker C: And then we take the rent and we pay the mortgage, and then we take the income off of that and pay that to investors. And so the neat thing about that is investors can actually receive income monthly. A lot of folks like that because a lot of real estate deals will pay at the end, or they might pay quarterly. It's not every day that you get something paid monthly.
[00:19:36] Speaker B: Yeah. Mailbox money.
[00:19:37] Speaker C: Yeah.
It's kind of the bond or fixed income piece of the real estate world.
[00:19:42] Speaker B: That's nice.
[00:19:43] Speaker C: In fact, JLL, a big real estate shop is called this, a bond wrapped in real estate.
[00:19:47] Speaker B: Oh, she's kind of like that.
[00:19:49] Speaker C: I stole it. I gave credit. But it's a neat way because it's. You can compare a triple net lease contract to a bond. If you look at the paperwork, both are an obligation to pay. One is on the credit of the company, the other has a building attached to it. I'd argue it's a better position to be in.
[00:20:07] Speaker B: Yeah.
[00:20:08] Speaker C: And what people don't realize is the cost or the line item of the rental to these companies. Full balance sheet is so minute. I mean, it's not really. I mean, they're going to cut a million things before they cut that. That's right.
[00:20:22] Speaker B: So it's the last thing on the list.
[00:20:24] Speaker C: And these contracts are long. They're ten to 15 years. And they have what we call rent bumps. Now, it's not. No, we can't plan for 8% inflation.
[00:20:32] Speaker B: Sure.
[00:20:33] Speaker C: But they'll have one, two, 3% bumps every year. So the rents are going up while we're paying down the mortgage. Yeah.
[00:20:39] Speaker B: That's awesome. Great vehicle, this type of investment.
When did this become available to the general public? Because you're talking about things that ten years ago. I mean, there was no discussion on the streets about this. So at what point did this become open concept to investors? When do you think that happened? Where was that paradigm?
[00:21:04] Speaker C: I would say it was in the 15, 16, 17, 20, 16, 20, 12 was the Jobs act, and that kind of opened things up a little bit. 2013, the SEC came out and gave us regulations on it, and then people had to figure out what to do with it.
[00:21:22] Speaker B: Yeah.
[00:21:22] Speaker C: And ironically, it's the exact same legislation that also created crowdfunding. Everybody knew about that. But then this really opened up a different subset of investing to, and I can't say the general public, but the accredited investor.
[00:21:36] Speaker B: True.
[00:21:36] Speaker C: Which is a much bigger group that people think about because they've never indexed it up.
[00:21:41] Speaker B: Yeah. Yeah.
[00:21:42] Speaker C: So in the past, you had to have a substantial relationship. You had to know the right people, which meant you probably had to be in the right air quotes, right zip code, and so it was very, you could even argue it was discriminatory to a certain degree. Right. It was incredibly hard to find access to these type of opportunities that has changed dramatically for the better.
[00:22:04] Speaker B: Yes.
[00:22:05] Speaker C: And it's one thing that I'm actually passionate about, and thank God I was lucky enough to have a friend that did this. And so I got into this a long time ago. I got into this in zero nine.
Most people did not have that friend. Right. And back then, you had to have that friend in order to have access. And that's one thing we are really excited about, is being able to bring that access to people that may not have had it otherwise.
[00:22:29] Speaker B: Yeah, I agree. And there's a transition that has happened with that as well. We talk about, you know, when I say general public, when we talk about accredited investors, August 2020, they redefined what an accredited investor meant. Has that had an impact on how you guys evaluate a credit investor under the sophistication rules? Have you guys seen a change there? Because a credit investor and regulation products were, you go one or two ways. It was the crowdfunding model where you click the button that you say you're a credit investor and you invest $500. Okay, let's be honest.
[00:23:06] Speaker C: What?
[00:23:06] Speaker B: A credit investor is going to go out and invest $500. So I think they had to clean that up, too, just like they did when they were defining what these rules meant to us. When in August 2020, they're like, okay, we're going to expand the definition of accredited investor to be those that have certifications, to be those that are professionals in the industry, to be those that, you know, our certified public accountants or rias, or all of a sudden this accredited investor definition opened up. Did that change for you guys, or do you stick with the standard rules of the 200, 5300 or million dollars? Do you guys stick with that or how does that work?
[00:23:46] Speaker C: It's interesting that you bring that up because they'll come out and do that, but yet they regulate it differently or even worse, litigate it differently.
[00:23:56] Speaker B: Yes.
[00:23:56] Speaker C: And so compliance officers who we employ as well, aren't going to necessarily go by the newest bulletin that came out. Yes, they're going to go by, how are they treating you in an audit.
[00:24:09] Speaker B: Yes.
[00:24:09] Speaker C: And now we're getting into the weeds. And I apologize.
[00:24:11] Speaker B: That's okay.
[00:24:11] Speaker C: But the answer is, it hasn't changed much yet.
[00:24:14] Speaker B: Okay.
[00:24:15] Speaker C: With the exception of maybe the series seven financial advisor, the RIA, because that is their job, to know investments. That's been the only one that's really been kind of easier.
It'd be nicer if it was a little bit broader. But until they regulate, until they enforce it differently, we really can't go until.
[00:24:35] Speaker B: We see some lawsuits on it and figure out what the overarching defined rule, I guess, is, how that's going to be defined. Okay. So, limited. We're definitely looking for accredited investors for BV Capital.
[00:24:48] Speaker C: We are.
[00:24:49] Speaker B: It sounds like you do have many options, though, from passive investments on a monthly basis to an annual payout. Different product type. All of it, though, housed in Texas. Is that correct?
[00:25:01] Speaker C: That is correct.
[00:25:02] Speaker B: Perfect.
[00:25:02] Speaker C: Well, occasionally.
[00:25:03] Speaker B: Oh, here we go.
[00:25:05] Speaker C: Occasionally we go off the reservation, but not that often.
[00:25:07] Speaker B: Okay. Not that often. All right. That's fair enough. Fair enough. There's a lot of people out there that are looking for good quality investments, and what's maybe even more important is making sure they're working with an investment sponsor that stays in their lane. And the fact that you're staying in your lane in a place that you know very well you have connections with, et cetera, you're just mitigating risk. I mean, that's. That's a good way of looking at it from an.
[00:25:31] Speaker C: That was actually one reason we bought the broker dealer that we have. You don't have to do that. But it held. It holds us to a higher fiduciary standard. You know, I actually. I have. I don't have just FCC oversight. I have FINRA oversight. We go out of our way to share with people. Why am I asking you all these annoying questions when the last sponsor didn't? I get that question a lot.
[00:25:51] Speaker B: Yes.
[00:25:52] Speaker C: And my investor relations team definitely gets that a lot. There's reasons for that, and it's not only there for regulation reason. It's there to protect the investor, and we need them to understand the things that we talked about a second ago. So we do take it a little bit further than most.
[00:26:08] Speaker B: Well, I got to give you some kudos on that, because I have taken the opportunity to look through your private placement, Miranda, at least one of them. I think you guys might send me another one. And if you have the opportunity, or whoever's listening, reach out to them. You're a credit investor, and it's one of the best private placement rentals I've ever seen. Because you can understand it. You break it down in a way where if you've never invested in real estate before and you're looking to tip your toe on the water.
[00:26:40] Speaker C: Right.
[00:26:41] Speaker B: All those, you know, I'm gonna play the market. People out there, you're wanting to dip your toe in the market. They can help you do that. You won't even have to talk to them.
Just look at their private placement random, and digest that and then pick up the phone call and get more information. And I think it's exciting.
[00:27:00] Speaker C: I love what you guys are doing. I can't tell you how much I appreciate that because we fight with the attorneys who write that document. Oh, I'm sure you do. In, obviously, not to go outside the lines, but just to make it friendly, to understand, to digest.
[00:27:15] Speaker B: Yeah. It was easy for me to know exactly what you guys were doing with that fund.
So good job.
[00:27:21] Speaker C: Thank you. Appreciate that.
[00:27:23] Speaker B: All right, how do investors get a hold of you?
[00:27:25] Speaker C: Our website's probably the best way. It's bvcapitaltx.com dot.
Yes, we bang that Texas brand. I'm sorry, but we do.
[00:27:33] Speaker B: Okay.
[00:27:34] Speaker C: So BV Capital. BV is short for Bridgeview, which is our development arm. But beefycapitaltx.com, please reach out to us. Love to visit with you. Awesome.
[00:27:47] Speaker B: All right. Thank you so much for joining us today. We truly appreciate it and we hope to have you back soon.
[00:27:52] Speaker C: Would love to. Thank you.
[00:27:54] Speaker A: Thanks for joining us. For another episode of PTC, Point of View, where retirement savers meet alternative investments. Know someone who's struggling with a their retirement strategy? Tell them about our show. Can't wait for the next episode. To learn more, visit our
[email protected], or give us a call at 888992.
