Foreign.
Speaker BYou're listening to the Master Passive Income Podcast Network.
Speaker BWelcome to the Master Passive Income Show.
Speaker BMy name is Dustin Heiner and I'm here to help you get financial independence.
Speaker BAfford anything you want in life by investing in real estate.
Speaker BAnd in today's show, I am super pumped to bring on some fantastic real estate investing experts who are in the hospitality niche where they build up luxury tree houses.
Speaker BI kid you not.
Speaker BLuxury.
Speaker BAnd these are awesome tree houses.
Speaker BBeautiful views and people pay a lot of money to stay there.
Speaker BAnd they have a fantastic investing business where they have short term rentals in their luxury tree houses and they're going to show us how they did it and how you can do it as well.
Speaker BAll right, let's start the show.
Speaker AWelcome to the Master Passive Income podcast.
Speaker BWhere we talk about investing in real.
Speaker AEstate with a special focus on on making enough money so you can quit your job and live the dream life.
Speaker AAnd now, here is your host, Dustin Heiner.
Speaker BWhat's up?
Speaker BWhat's up?
Speaker BSuper blessed as always to have you here with me on the show.
Speaker BNow, I love that right now this market is hard for other investors who don't know what they're doing to, to invest in real estate because they see prices are so high.
Speaker BHow do I buy properties?
Speaker BInterest rates are so high.
Speaker BHow do I buy properties?
Speaker BA couple of things that I'm working on right now.
Speaker BWell, number one, I just refinanced my primary residence.
Speaker BIf you guys remember, if you've been listening to me for a while, last year I bought a house in Tennessee and I had it as an Airbnb.
Speaker BEventually we moved into the property, but when I bought it, it was an investment loan.
Speaker B8% interest rate.
Speaker BSo high, 30 are fixed.
Speaker BI just refinanced because people maybe are telling me and you might be thinking interest rates are still high.
Speaker BNo, I refinanced my primary residence because I'm living in it now with a 4 1/2 percent, 15 year loan.
Speaker BCan you believe that?
Speaker BAnd so my payments are basically the same and I'm going to pay it off in 15 years instead of 30 years because of this refinance.
Speaker BNow, it did cost me about $10,000 to do the refinance, but in the end I'm going to be saving like 150, $200,000 in interest.
Speaker BSo there are ways to actually get good and low interest rates.
Speaker BIn fact, I refinanced five of my properties, five or six properties, and I took out $500,000 at a six and a half percent interest rate and my payments about $3,000, but all six of those properties, I bring in like seven grand.
Speaker BAnd so the mortgage is so low, if you're thinking that interest rates are stopping you, well, they shouldn't be.
Speaker BBecause I know many different brokers that I currently use and in fact I just give them to my students.
Speaker BI say, hey, use this company.
Speaker BThis is the company that I used.
Speaker BAnd so any of my students, I give them all that information.
Speaker BAnd at the same time, I'm currently developing a brand new course because I'm seeing this as I invest, I share with all my students how I'm investing, what I'm doing.
Speaker BWell, I'm currently doing subject to where I buy a house, take over the mortgage.
Speaker BHopefully they have, when you take over a mortgage, hopefully have a low interest rate, they have probably a higher balance.
Speaker BIt's hard for them to sell.
Speaker BAnd with that, you take over without having the mortgage in your name.
Speaker BSo you can get these properties with literally no money down.
Speaker BAnd you might be thinking, well, Dustin, how in the world would somebody want to give you their property and take over their mortgage?
Speaker BWell, we're not the first option.
Speaker BIn fact, when I'm calling these people and offering to buy their home, more than likely they have already come off the mls, which means they went on the multiple listing service to try to sell their home.
Speaker BThey didn't have enough equity in the property so they couldn't sell it.
Speaker BAnd when you can't sell it, then it comes off.
Speaker BWell, they still need to sell the property.
Speaker BWe are a niche, niche, niche.
Speaker BI don't know if that's the best way to say it.
Speaker BWe're a niche buyer.
Speaker BWe're looking for the right property, the right seller.
Speaker BMaybe they're getting a divorce, maybe they got a job that they're moving out of the state or they work in the military or they just lost their job.
Speaker BYou never know what situation they have.
Speaker BBut they have this mortgage and, and they want to get rid of this property, but they can't sell it because they don't have enough equity.
Speaker BWell, you might be thinking, well, what if they have 20 or $30,000 in equity?
Speaker BWell, when you have a house and you try to sell it, it's probably about 10% is the cost to sell the house.
Speaker BFrom paying the realtors to any title, closing fees and all that, it's about 10%.
Speaker BSo if you're selling it for 350,000, that's $35,000 that's going to come out of your pocket.
Speaker BPeople who are hurting, where they don't have much equity, but they need to sell, they would actually have to come out of pocket in order to sell the property.
Speaker BIf we find the right sellers, educate them on the process to actually take over their mortgage, where if we are a great fit for them, if we help them out of a bind, then it's going to be a great fit for us as long as it fits our numbers.
Speaker BWell right now I'm currently doing that subject to purchasing and I thought, you know what, I need to teach you guys how to do it.
Speaker BSo that's not this episode, but watch an episode in the future.
Speaker BBut I'm also creating a brand new course, a creative financing course because I'm seeing so many amazing opportunities for us as real estate investors to take over properties.
Speaker BIt could be seller financing, it could be subject to, it could be a lease option.
Speaker BLease option is where you lease the property with an option to buy it.
Speaker BThere are great ways to buy properties off of people.
Speaker BNumber one, you just need to know how to find these properties.
Speaker BWell, check in my course I'm figuring out or showing and everybody how to figure out to find these sellers from lists, reach out to them, talk to them and actually go through the process and how to get all the paperwork right, how to make sure you, the title company knows what they're doing.
Speaker BSo there's a good amount of steps.
Speaker BBut in the end a lot of people come to me and say, hey Dustin, I have very little money.
Speaker BOr if they have scaled their business now, if they have very little money to start, well, this is one way.
Speaker BBut let's say they've scaled their business where they have multiple mortgages and now with these multiple mortgages it's hard for them to get more mortgages.
Speaker BWell, why not keep the mortgage in the seller's name and then put the property, your name and you make the money and you own the property.
Speaker BThat is what we're going to do.
Speaker BA scale.
Speaker BNow, you know, you need to start thinking as a business owner where you're now a scaler.
Speaker BWe need to get out of the mom and pop phase where we're just at one or two, three, four properties.
Speaker BI want you to get into the scaler phase.
Speaker BIf you've been listening to me most a lot of people that listen to the show have been listening to me for years.
Speaker BHopefully you got a few properties, now it's time for you to scale.
Speaker BAnd that's what we do at Master Passive Income.
Speaker BWe now scale.
Speaker BAnd this creative financing course is another fantastic way to find properties.
Speaker BIn fact, Charles Rose Jr.
Speaker BI'm working with him, helping him to buy hopefully his next primary residence with subject to.
Speaker BBecause it is rather difficult to always raise up a brand new amount of down payment to pay off or not pay off to put as a down payment to get a mortgage.
Speaker BWell, what if somebody already had the mortgage and you just take over the loan?
Speaker BSo this is exactly where I see the market going.
Speaker BIf there is ever a crash or a correction in the market, you can get some people that have a hard time and let's say, sadly if people start losing their job, I mean, it could happen.
Speaker BIf that does happen, you need to be ready to jump on these properties to help these people out of a bind.
Speaker BYou're helping them.
Speaker BIn fact, a lot of people that we get subject to properties, they're thankful that we are taking over these properties for them because they can't do what we're going to be doing.
Speaker BThey need to move on.
Speaker BWell, we come in and we help them out.
Speaker BSo be watching out for that creative financing course.
Speaker BI want you to be able to not even use any of your own money to buy real estate as well as to be able to scale your business.
Speaker BAnd this is what our experts have done.
Speaker BOur experts have come on.
Speaker BAre coming on the show to share with us how they started and scaled their service or hospitality based Airbnb company.
Speaker BHow'd you guys first come up with this idea to do tree houses?
Speaker CWhat I think is really cool and unique about our story is we didn't just say, hey, let's start this business.
Speaker CThe whole thing was inspired by, by love.
Speaker CSeth and his dad built a treehouse by hand.
Speaker CHis dad works in construction.
Speaker CSo Seth grew up learning all of that and they started doing that together on Father's Day.
Speaker CThis is at Seth's family farm in South Carolina.
Speaker CAnd we met in the process.
Speaker CAnd so he says that inspired by love, he decided to really elevate the treehouse and not just make it like an adventurous Swiss Family Robinson treehouse, but a romantic, luxurious treehouse that'd be worthy of our wedding day.
Speaker CAnd so he pitched me on the idea of having our wedding there and honeymooning there.
Speaker CAnd I was thrilled.
Speaker CI mean, who gets to do that?
Speaker CWho, like, who has somebody build you a tree house for your wedding?
Speaker CThat's crazy.
Speaker CAnd so we, we, we did that and it was so magical.
Speaker CAnd what's really cool is that we just got to experience it firsthand.
Speaker CThe power of environments and the environment really, it encouraged us to put our phones down, disconnect from the busyness of life, be together and as a new couple, just start.
Speaker CWe had so much to think and dream about our lives, what we wanted to look like, how we wanted to spend our time.
Speaker CWe knew that having jobs in totally different industries with different schedules was not sustainable.
Speaker CAnd we're both entrepreneurial and wanted to do something together that had a lasting impact.
Speaker CAnd everything was pointing to tree houses and making more environments like we were sitting in in that moment for couples.
Speaker CAnd so that was like the light bulb moment.
Speaker CAnd very soon after that I quit my job and we went all in.
Speaker CHaven't looked back since that.
Speaker BWell, because Seth, I want you to jump in too.
Speaker BAnd I, when you and I were chatting, Tori, we were chatting about just investing in real estate and we were.
Speaker BIt was just terrific meeting another real estate investor.
Speaker BIt's always great chatting and seeing how other people are investing.
Speaker BAnd then one thing I just have to share.
Speaker BSo when you told me you're a social media handle for on Instagram and I was okay, let me look it up.
Speaker BAnd I looked at you have like 500 plus thousand followers or you know, I was like, but that's not easy.
Speaker BLike that is amazingly hard to do that.
Speaker BThat is so.
Speaker BSo if you guys.
Speaker BYou'd have to check out their social media on Instagram, especially on Instagram.
Speaker BSo many great videos of showing how amazing this can be, how luxurious a quote unquote tree house.
Speaker BBut it's so much better than that.
Speaker BAnd so it's so it's bolt farm treehouses.
Speaker BSo just look them up.
Speaker BAll one word.
Speaker BYou'll see all the amazing stuff.
Speaker BBut okay.
Speaker BSo Seth, how'd you come up with doing a honeymoon in a treehouse?
Speaker BAnd I want to pause for just a quick second and say thank you so much for listening to the show.
Speaker BIf you've gotten anything out of the show, I would appreciate it if you went to anywhere that you listen to say Apple or Spotify or wherever and leave a five star review.
Speaker BHonestly, I really appreciate you leaving an honest review.
Speaker BI just love giving all this information out and I want to see you succeed.
Speaker BAlso send this to one person.
Speaker BJust tell one person and say, hey, Dustin wants to help a million people to invest in real estate.
Speaker BYou need to listen to this because it's going to change your life.
Speaker BLastly, get my real estate investment course completely for free.
Speaker BText the word rental R E N T A L rental to 33777 rental to 33777.
Speaker BI'll literally give you my course showing you everything in the business so that you can become financially independent.
Speaker AI mean, I really did.
Speaker AI grew up on a farm in South Carolina and like, I watched my grandpa build dup apartments and create passive income that way.
Speaker AMy dad's had a construction company now for 40 years.
Speaker AMy mom's one of the top realtors in the state of South Carolina.
Speaker ASo, like, it was like a really humble beginnings, like, bootstrap story of a family that like, applied the powerful mindsets and money principles to life and just, you know, met that with, like, consistency and hard work.
Speaker AAnd it was a very rich upbringing and maybe a rare one.
Speaker ALike, I mean, how many 41 year olds can say that they, like, you know, went logging with their grandpa and took the logs to the sawmill and then built duplex apartments out of it and, you know, watched, you know, watch like great men, you know, take, you know, a mess and make magic out of it that, like, created generational prosperity for their family.
Speaker AAnd so just growing up, watching people build stuff and being creative, you know, you mentioned my music.
Speaker ALike, I've.
Speaker AI've been in the music industry for 23 years with my band need to Breathe.
Speaker AAnd it's.
Speaker ASo I've got this creative side, but then my dad's an engineer and he thinks that way.
Speaker ASo I've kind of got both, both of those minds and ultimately just have a.
Speaker AHave a, you know, just like this strong drive to.
Speaker ATo do as much as I can with the time that I have on earth to help people and to create a legacy for our family.
Speaker AAnd I know tree houses are probably a weird thing to kind of land on, but I, I've always just believed that if you play by your own rules, it's a lot easier to win the game.
Speaker AAnd, you know, I knew that we were onto something because of, you know, the.
Speaker ALet's go back in time, right?
Speaker ASo this is about 2013 when I've got this idea, like Treehouse Masters is the most popular show on tv.
Speaker ASo there's an educated market, but they're underserved because most of these were like, built for celebrities and they weren't, you know, rentals.
Speaker AAirbnb is emerging, so now there's a platform you can connect with people and sell.
Speaker AAnd Instagram was also coming on the scene, and so I was like, okay, that can be how I can market this.
Speaker ASo now it's irrelevant that, that the farm I grew up on is in a small town called Walhalla, S.C.
Speaker Aand like, no one goes there for tourists, tourism, but, like, I can actually inform the audience have a way to get their money and, you know, show them how magical it can be.
Speaker AAnd we experienced it for ourselves.
Speaker AAnd so that was.
Speaker AThat was really.
Speaker AThat was the.
Speaker AThat was the first olive out of the jar and.
Speaker AAnd the test case to see, like, okay, is there anything to this?
Speaker AAnd literally within the first year, we.
Speaker AWe were.
Speaker AWe were fully sold out, like, beyond six months.
Speaker AStayed that way, got 10,000 saves on Airbnb, and just started collecting hundreds of email addresses.
Speaker AAnd then the stories we got from people were such that they're like, I rediscovered my best friend in this treehouse.
Speaker AAnd this might have added 25 years to our marriage.
Speaker ASo we're like, wow, so check so many boxes for us.
Speaker ABecause not only is a great business, but wanted to recreate, like, construction and development.
Speaker AYou know, it.
Speaker AIt's.
Speaker AIt's hard work, but it's a great.
Speaker AI think it's a great thing for kids to grow up in.
Speaker ALike, it.
Speaker AIt teaches you a lot of values, like growing up on a farm kind of.
Speaker AAnd great way to combat entitlement and.
Speaker AAnd also, like, build.
Speaker ABuild things that are.
Speaker AThat will endure the test of time so that, you know, our grandkids can think.
Speaker ALike, thank God my grandpa, you know, decided to work really hard and buy these mountains and, like, build all these amazing luxury tree houses on them.
Speaker AThat kind of thing, you know, I.
Speaker BLove it, and I completely agree.
Speaker BIn fact, my kids, number one, teaching them how to build a fence, you know, change, do electrical work, like, basically working around the house.
Speaker BBecause I've remodeled my house, actually multiple houses now, whenever we move, I usually remodel it.
Speaker BAnd recently, my kids have gotten older.
Speaker BMy boys have.
Speaker BMy wife said, hey, why don't you start teaching your boys how to do all this stuff instead of you doing it, like, teach them how to do it.
Speaker BAnd I said, that sounds like a great idea, because we homeschool, or at least let me take that back.
Speaker BMy wife has a hard job of homeschooling the kids.
Speaker BI had the easy job making money.
Speaker BSo she said, hey, this will be a good homeschool project.
Speaker BI said, that's great.
Speaker BLet's go and do it.
Speaker BSo we remodeled my master bathroom.
Speaker BLike, ripped out everything, remodeled it.
Speaker BAnd they were with me all.
Speaker BBut I did most of the work.
Speaker BThen once they got the experience, they saw how it was done.
Speaker BThen I went, and it was like, three months later.
Speaker BI said, hey, boys, see their hallway bathroom.
Speaker BHave at it.
Speaker BYou guys are remodeling it.
Speaker BThey're like, are you sure, dad?
Speaker BI'll be yes, go ahead and do it now.
Speaker BIt's not perfect at all.
Speaker BI mean, I think at the time they were 13 and 15.
Speaker BAnd so it's not perfect, but it looks so much better.
Speaker BBut it's what they're learning now that they might not remember every little bit, but the fact that they were able to do it number one and then push through, maybe I can't figure.
Speaker BWell, let me figure it out.
Speaker BAnd then now taking that to where now they're buying their own real estate.
Speaker BMy oldest daughter just bought her first rental property about a month ago.
Speaker BShe's 16 years old, so she's so excited.
Speaker BShe's making cash flow.
Speaker BSo I love that you guys have that now with the, the tree house idea.
Speaker BNow, how many total units do you guys have?
Speaker BBecause you still have the one in South Carolina and you have the ones now in Chattanooga, Tennessee.
Speaker CThat's right.
Speaker AYeah.
Speaker AThere's the one on the family farm still.
Speaker ABut, you know, I asked my parents, I'm like, hey, we got a line out the door.
Speaker AYou want to build some more?
Speaker AAnd they're like, no, this is like our family farm.
Speaker AI think we'll just keep it at the 1.
Speaker AThis was special thing for your wedding.
Speaker AAnd so.
Speaker ABut no, we.
Speaker AWe own a mountaintop property, 55 acres right outside Chattanooga.
Speaker AI mean, we can see three states from here.
Speaker AAnd we've got a mile of cliffside mountaintop.
Speaker ASo the views are unobstructed.
Speaker AAnd, you know, the shortest, the shortest distance you can see is like a six miles.
Speaker AAnd then you can obviously see into Georgia, Alabama, Tennessee.
Speaker ASo I mean, it's.
Speaker AIt's epic.
Speaker ALike, in terms of real estate locations, like, we, you know, we probably say no to a thousand properties for everyone that we, you know, agree to is probably even higher than that.
Speaker ABut there's.
Speaker AYou just can't beat it.
Speaker AAnd then early on, I was just like, you know what?
Speaker AI, you know, like, remember glamping?
Speaker AWhen, like, glamping first showed up on the scene, I was like, okay, this is, this is going to get really competitive.
Speaker AI'm just going to go ahead and create the penthouse suite of glamping.
Speaker AAnd now I think glamping the glamping work doesn't even fit what we do because we're like heated marble floors and, and toilet like bidets and all the things like, you know, motorized shades and like, it's like, it's like being in a super luxury.
Speaker BEverybody is listening on the podcast.
Speaker BYou're not seeing this on YouTube.
Speaker BSo if you're on YouTube.
Speaker BYou could see the background.
Speaker BThey're inside one of their luxury tree houses right now.
Speaker BLooks awesome.
Speaker BIs that a copper hot tub or like bathtub behind you?
Speaker AHand hammered copper tub for two people.
Speaker CCrazy.
Speaker BAnd so, and so again, you have to go to their Instagram Bolt Farm Treehouse check out because you can see the view.
Speaker BI mean, it is spectacular.
Speaker BThey're on this plateau that overlooks everything and it like just drops off.
Speaker BIt's so cool.
Speaker BBut then also you have bolt farm treehouse.com which then you also show people how to do this.
Speaker BYou know that that's, that is super neat because you know when you look at, okay, let me buy a single family home and then put a tenant in there, short term, midterm, whatever it might be.
Speaker BIt's not as hard as, like, I'm going to buy land and then build a tree house and make it so that people want to stay there.
Speaker BBut now you coach people, you just have a workshop.
Speaker BJust, just had a workshop, got people that came in and learned all about this.
Speaker BIf somebody wants to get started in doing the treehouse, they have to start with land.
Speaker BDo I mean, they pro.
Speaker BShould they rent land?
Speaker BHow does that work if somebody wants to get started doing something like this?
Speaker AYeah, I mean, so I'll just use real examples from the people that we just helped.
Speaker AYou know, some of them, like, they're looking to acquire a property where they can expand and others are in the, in the discovery stage for land.
Speaker AAnd I guess a lot of times, like, because this is such a new frontier, right?
Speaker AAll the development has been pretty much in cities for hotels, but now this like, outdoor hotel concept has emerged.
Speaker AKind of amazing that it took this long, you know, for it to become a thing, but, but here we are.
Speaker AAnd so a lot of, a lot of, a lot of people don't know what they don't know.
Speaker AAnd there's a lot of ways you can mess up.
Speaker CAnd, and we learn that the hard way.
Speaker CLike we look back at the last 10 years, we were crashing into walls like crazy our first six because we were trying to go at it alone.
Speaker CWe thought we couldn't afford mentorship.
Speaker CAnd my goodness, like, we were so wrong.
Speaker CRight?
Speaker COnce we flipped our mindset, invested in ourselves, brought coaches and mentors in our lives, you surrounded ourselves with other successful people in mastermind groups.
Speaker COur success has taken off and we're like, why did we not start this sooner?
Speaker CAnd so we made so many costly mistakes.
Speaker CI mean, we bought land in, outside of Charleston, South Carolina with this concept, but it was the wrong place.
Speaker CWe missed one thing on a checklist that we didn't have at the time and it was a huge failure earlier.
Speaker CAnd so we want to help people from making that mistake.
Speaker CAnd I love the people who haven't even started yet because buying property is what is so critical.
Speaker CFinding that right property.
Speaker CI think you and your, your, you and your audience will get a kick out of this.
Speaker CSo the property where we are right now on Whitwell Mountain outside of Chattanooga, we bought 18 acres to start with.
Speaker CSince then, we've expanded.
Speaker CWe paid less than 250k for those 18 acres.
Speaker CAnd now what was the latest valuation.
Speaker AWith 32 million appraisal?
Speaker AYeah.
Speaker BWhat in the world?
Speaker BWell, I mean, you look at the views too.
Speaker BI mean, that's just stunning and spectacular.
Speaker BBut you said 32 million.
Speaker AYes.
Speaker BOh, my goodness.
Speaker AWe've, we've already built 23 units on here.
Speaker B23 units now.
Speaker BSo I'm thinking like an investor.
Speaker BHow do you tap into that equity so you can do it more?
Speaker AYeah, well, I mean, the, we've got great relationships with lenders now.
Speaker ALenders are sending us, the people who are using our, our company and their pitch decks, you know, to, to raise 20, 30 million dollars.
Speaker ABecause I had like one of the largest lenders in the, in North America called me the other day and he was like, hey, I got, I just saw your brand on another pitch deck and like, he's flown here and he's, he's seen our place and he's like, he's like, I just don't.
Speaker AHe's like, I just, I don't know if they're you, you know, he's like, you gu.
Speaker AMichael Jordan of glamping and like, you've been doing this for a decade and I just feel better about it if, if they had, you know, had more experience or could spend time with you.
Speaker AAnd I was like, well, I got news for you.
Speaker AWe got a workshop and a mastermind now, so send them our way.
Speaker ASo now, like, I think we're, he kind of use us as an insurance plan, you know, because like, you know, a master.
Speaker AThe cost of a mastermind, while it's not cheap, is like still a rounding error on a $20 million loan.
Speaker AAnd like, you can, you can make half million dollar mistakes in a heartbeat when you're spending that kind of money on construction, especially if it's a, you know, like we're on top of a mountain.
Speaker AYou know, there's bedrock like running utilities and like, there's a lot of things That a lot of surprises that you get with any, any kind of ground up construction project.
Speaker BIt sounds like you had some, some headaches or you learned from experience that there are things that most people wouldn't even think about.
Speaker AYeah.
Speaker AAnd, and the truth is like, man, if we could go, like, we've been doing it for 10 years and we didn't have mentorship, like, and part of that was like a mindset thing because, like, growing up, growing up in like a, you know, on a farm, it was like you do everything yourself and if somebody gives you a, you know, a big price for something, you're like, no, we're definitely doing it ourselves, you know, so, like, it took me a while to shake that to where, you know, now, you know, I will gladly exchange money for years of my life back.
Speaker AAnd I think we were just, we were very, very new on the scene, you know, for, for outdoor hospitality, and it just didn't exist.
Speaker ALike, coaching wasn't really a thing like it is today back then.
Speaker ASo for us, like, if we can save people from pain, number one, because, like, I wouldn't want anyone to relive some of the trials and tribulations we've gone through.
Speaker AAnd then number two, you know, it's like, we want to grow through acquisition because we've built this big brand.
Speaker AWe've got trust, we've got traffic, we have like.
Speaker AAnd I, these, this, I took this to a mastermind group we're in.
Speaker AI was like, okay, we have two and a half million dollars in abandoned carts on a weekly basis.
Speaker AThat's, that's like $125 million a year, you know, because we can't build fast enough.
Speaker AAnd also with all the success metrics, like selling direct, 100% direct to customer, $800 ADR, 93% occupancy.
Speaker AYou know, the response I got from the group because I told him, I was like, look, we want to grow through acquisition, but most of the places that have been built are unbiable because they're not professionally built.
Speaker AIt was just like somebody with a piece of land, an idea to do a few cabins or something.
Speaker AAnd like, they've already used up the best part of the land.
Speaker AWe'd be fixing a bad haircut.
Speaker ABut, like, I'd rather buy properties that are turnkey because that's such a faster way to grow.
Speaker AAnd he's like, well, why don't you just, you know, coach people to your standard, tell them how you would do it and then you could partner with them, buy those properties in the future, help them flip them, you know, or sell rooms for them because you've got a big brand, like have them be, you know, affiliate properties of ours.
Speaker AAnd so, I mean, as you know, with real estate, like there's just a ton of different ways that you can, you can do deals with people that make sense and grow much faster than like literally starting from scratch each time.
Speaker ASo doing the workshops in the Mastermind really give us a chance to meet the all stars in this area who are going to go the distance and we can help them get there faster.
Speaker AAnd we can probably partner with them or buy their place one day if they just want to, if they want to sell it.
Speaker BAnd I like the idea that as you're helping out your students, number one, they're doing it right, which is they need to know how to do it right.
Speaker BBut that is a brilliant idea where people go to Bolt Farm tree houses and then they have a whole bunch of different cities and states that they can go to because you've like, you've already done all the work curating, helping these people to build these up.
Speaker BAnd then the owners over there, let's say you either partner or you just get like, let's say commission for sending them traffic.
Speaker BThat is just another way to help everybody out.
Speaker BAnd that's something that I try.
Speaker BIt took me a while because I'm very similar.
Speaker BSo when I first started investing, I did it all myself.
Speaker BI didn't want coaching, or I wanted coaching, but I didn't want to pay for it.
Speaker BLike, I could figure this out, but then now I'm realizing how much money I spent doing it wrong and then how much money I spent to then redo it and do it right.
Speaker BIt's like, oh my goodness, it would have been so much better.
Speaker BBut now I will say, like you were saying like 10 years ago.
Speaker BI started back 20 years ago.
Speaker BThere wasn't really any good coaching then.
Speaker BIn fact, they were like $80,000 and they delivered like $2,000 worth of value.
Speaker BWas horrible.
Speaker BSo, you know, it's just, it's a mindset that people have to get over and realize, okay, you go to college, if you go to college and spend 50, 60, 80 grand to get a piece of paper, then you could spend a little bit of money to help you to become hopefully financially independent if you're doing it right.
Speaker BSo what are some.
Speaker BSo we gotta, we gotta find the land now.
Speaker BIs building a treehouse.
Speaker BDo they literally need like a, like a 2000 year old oak or is it, you know, to Build in as like a tree house or like, what is, what is the idea of a tree house compared to what I personally think?
Speaker BGo to my backyard, build a treehouse room on my kids.
Speaker AYeah, great question.
Speaker ASo, you know, we first started looking for land that would have the mature trees.
Speaker AThey've got to be spaced so far apart.
Speaker AAnd like, we looked and looked and looked.
Speaker AAnd Pete Nelson, the, you know, the treehouse master, he, he's a friend of ours and I called him and I was like, man, I am striking out.
Speaker AAnd he was like, don't feel bad about supporting these things from, from the earth.
Speaker ALike, you know, the, it helps the trees, it puts less stress on the trees.
Speaker AAnd so that, that's the, that's the model that we do.
Speaker ASo it's a treehouse style cabin.
Speaker AAnd it like, I'm looking out outside, like, and this, there's a tree coming through the deck.
Speaker AThere's a, there's a big tree right outside the kitchen window.
Speaker ASo you're, you're really like nestled in the trees.
Speaker ABut you know that we're, we're supported from the ground because otherwise like, you just, you couldn't, you couldn't get a highest and best use on a piece of, you know, real estate.
Speaker CYeah, this really opens you up and it reduces the liability because if the tree dies or something happens, I mean, you're, you're, you know, out of commission right there.
Speaker BI like it.
Speaker BI like it.
Speaker BOkay, so is it, it sounds like building something.
Speaker BDoes it have, is it should be like a studio?
Speaker BShould it be like multiple rooms?
Speaker BLike, how does that play into the business model?
Speaker ASo we are like, we set out to build like the perfect space that was, that felt really grand.
Speaker ABut it wasn't, but not too big.
Speaker ABut I was like, I want people to be like, wow, I could really live here, you know.
Speaker ASo like behind us there's a, I call it a dream closet with like hand carved furniture and just like, you know, the, the dreamiest of spaces.
Speaker AAnd then an indoor bathroom.
Speaker AThere's also an outdoor shower for two, a large stone circle hot tub, a fire table where, you know, you literally push a button.
Speaker AYou can get, get a nice propane fire and have a, a nice stone table to, to eat on, pizza oven outside.
Speaker AYou name it.
Speaker ALike it like everything, everything you, everything you need and nothing that you don't.
Speaker BAll the, all the amenities.
Speaker BThat's, I love it.
Speaker BNow if somebody were to get started, do they need a lot of capital in order to do something like this?
Speaker AYeah, I mean, a lot of capital, I guess is, is relative.
Speaker ARelative.
Speaker AI mean, we spend a lot.
Speaker AI mean, this is a $400,000 treehouse, you know, and we've, we've, we've, we've got it to where, you know, it's a kit, you know, I've engineered it to where we can literally assemble one of these in a week's time once we have the deck.
Speaker AAnd so I enjoy the sport of speed and seeing how fast we can get heads in bed.
Speaker ASo, you know, when we go to our next property, it's literally going to be lightning speed of development to where we can build out the entire retreat.
Speaker BHave you guys found the next spot?
Speaker AWe're looking.
Speaker AAnd we've, we've got a, we've got a website or on our website it's called Gotland.
Speaker AI kind of using the Got Milk kind of, kind of slogan where people can, can like, literally send us properties that they think would be great for our business.
Speaker ASo, like, a lot of times, you know, realtors will hit us up and be like, I've got a place that'd be great for you just to, just to make that easy and bring that, bring that traffic to us.
Speaker ALike, we, we want to be, you know, the magnetic epicenter of outdoor hospitality where, like, all, all the best talent is coming to us, the deals are coming to us through, through the workshops.
Speaker AWe are, you know, for 10 years, we've kind of been building in silence and we've honestly been, you know, apprehensive to like, share our secret sauce for while this is working.
Speaker AAnd then through talking to coaches and mentors, they're like, now's the time.
Speaker ALike, just tell everyone everything.
Speaker AEveryone will come to you.
Speaker AAnd it's going to actually make growth and scale a lot easier.
Speaker ASo that's what we're doing.
Speaker BAnd you guys haven't or have you raised money for any, any deals?
Speaker BIs that something that you're looking to do?
Speaker AWe are like, we've, you know, we've got the paperwork and everything ready for a fund we're not actively raising, but like, we get emails and probably on probably a weekly basis and financial toy.
Speaker AI was like, we just need to start taking a list of names.
Speaker ALike, like, yes, we're going to do a big raise.
Speaker AWe've been able to do this with, with cheap money from regional banks, you know, 4 and 5%.
Speaker ASo, you know, it's, it's kind of hard to beat that.
Speaker ABut.
Speaker AAnd, and now we have, you know, the biggest banks in, in the U.S.
Speaker Asending U.S.
Speaker Acustomers and like, I'm going to speak at one of their summits.
Speaker ASo I'm like, I think we're good on being able to get money at a pretty, pretty low rate and most, most investors want a lot more.
Speaker ABut we'll see.
Speaker AI mean, there's no ceiling on, on our drive and ambition.
Speaker AAnd I do like to go faster than those banks can go.
Speaker ASo I think, I think at the right price, we, we would love to.
Speaker AWe are going to have a fund and open that up.
Speaker BSo that's great.
Speaker BSo, Tori, with the social media aspect of, I mean, does that.
Speaker BIt seems like that would really help to get people to really know about you, number one, sharing it out to other people.
Speaker BBut you've also had some, I, I may be some fairly famous people, but like that you utilize social media to really help you so that, you know, they share it out and all that sort of stuff.
Speaker BTalk to me about how that has helped.
Speaker CYeah, it's helped immensely.
Speaker CPeople, they care about your story.
Speaker CThey don't buy what you have.
Speaker CThey, they buy who you are and why you exist.
Speaker CAnd so we use social media to tell that story, you know, what it's done for us in our lives, what it's done for our guests.
Speaker CAnd those testimonials, we actually offer our guests free mini photo shoots when they arrive, which is like a nice little, you know, surprise and delight for them.
Speaker CBut it's also constant flow of marketing material for us that we can now show.
Speaker CInstead of them always just seeing us or the rooms, they see people enjoying and experiencing it.
Speaker CSo it's huge because social media is the top of funnel.
Speaker CThat's how you're always just growing your audience.
Speaker CAnd I always say it's, you know, it's incredible to see that we've grown such a huge audience of almost 600,000.
Speaker CBut it's not for ego or for a flex like those are eyeballs.
Speaker CAnd people that can enter our funnel, join our email list, come stay, you know, and so it really is important to keep that top of mind.
Speaker CI think a lot of people, they have a presence on, on social, but they're not fully utilizing it as they should.
Speaker CA lot of it's a volume game just showing up consistently.
Speaker CYou want to be the loudest voice in the room.
Speaker BI definitely agree with that, especially seeing how social media at first, I mean, I shied away from it.
Speaker BI ran away from it for a very, very long time.
Speaker BI just didn't enjoy it.
Speaker BI was just like, man, I just want to do my work or, you know, help People.
Speaker BAnd.
Speaker BAnd I didn't think social media was actually that big of a need necessity for number one, real estate investors, but number two, me helping people how to invest in real estate.
Speaker BBut then I really saw as people reaching out to me because they found me on social media or something like that.
Speaker BAnd for me, I started my podcast.
Speaker BI think it was like 2016 ish, 2017.
Speaker BAnd the podcast is by far one of the best ways that people find me.
Speaker BBecause you, as we shared when we hung out a couple months about a month ago, I am so blessed that I'm number one in real estate.
Speaker BIf you look up real estate and Apple.
Speaker BYeah.
Speaker BI was just like, this is so awesome.
Speaker BIt's just more people to serve.
Speaker BAnd then I'm like, oh, man, I got to up my game.
Speaker BTori and Seth, they're at 500,000 in Instagram.
Speaker BI'm only like, what, 30 something, 35,000 or something like that.
Speaker BI got to work harder.
Speaker BBut in the end, it's all about helping people.
Speaker BThat's why I love chatting with you guys.
Speaker BYou guys help people with a retreat that they can go to, like, personally get away and really make themselves better.
Speaker BBut at the same time, you're also helping coaching people as well.
Speaker BSo definitely everybody, you need to check out everything they're doing.
Speaker BBolt Farm treehouses.
Speaker BHow else can they find you?
Speaker BOther than we talked about social media, how else can they connect with you?
Speaker BAnd especially if they want to learn how to do this, how do they make sure that they start working with you?
Speaker CYeah.
Speaker CThank you.
Speaker COur website's the best place.
Speaker CBoltfarmtriost.com you'll see on the homepage there's a tab for our STR workshop, and that's where they can see if they qualify.
Speaker CWe're qualifying people because we keep it a really intimate group.
Speaker CThat's how we can really add the most value to people in the room and go deep.
Speaker CAnd so we're very selective of people who come because we want to make sure that they're in it for the right reasons and that they have potential to be someone that we want to work with on an ongoing basis.
Speaker CAnd like what Seth was saying earlier, maybe partner with.
Speaker AYeah, I mean, it's, it's.
Speaker ASometimes you hear people say, like, it's lonely at the top, but it's like, it's only lonely until you're finding your.
Speaker AYour people, you know, because when you do, you're like, oh, my gosh, I get so much life every time we're around each other.
Speaker AAnd like, we Don't, I don't need anything from you, Dustin.
Speaker AIn between the times we see each other, but when we do, we're like, what's going on?
Speaker AWhat have you bought?
Speaker ALet's go, let's talk about it.
Speaker AAnd that's, we're looking for that community because honestly like, you know, we're, we're, we're on a mountaintop and I, I don't like, I don't like to leave.
Speaker ASo it's awesome.
Speaker AI mean one of the things we knew about this business that would be so life giving is that if you, if you, you got a place like this, like people want to be there and like I, I love it when the world comes to me.
Speaker ASo whether it's, you know, people coming to, to learn from us about the, you know, short term rental industry or people just looking to, to, to go like refocus, you know, zoom out so you know where to zoom back in.
Speaker AWe're big on helping people like invest in their relationships because obviously we have a lot of high, high output business owners and leaders and you know, they're doing so much stuff that you know, if they're not careful, their relationship can be neglected.
Speaker AAnd we are like the, I don't know the way to kind of get like you know, a week long vacation or it probably feels like a month of quality time, you know, in three days, you know, in a weekend.
Speaker ASo that's, that gives us life and it allows us to meet a lot of really cool people.
Speaker BI love it and you, you briefly shared it.
Speaker BBut I want everybody to know and I'm curious transitioning from being in a band so need to Breathe is a, is a really fun, great band to listen to.
Speaker BI, I definitely listen to it to, to you guys.
Speaker BSo going from that, do you still do things with the band or is it like I'm gung ho with my bolt farm treehouses?
Speaker BAnd how was that transition going from band to this?
Speaker AYeah, I mean over that 23 years like we built an amazing team.
Speaker AAnd so let's see, 2024, we basically toured all year, toured Europe, Canada, the US for a second time.
Speaker AAnd that was like the end of an album cycle.
Speaker AAnd so now 2025, we've got lots of time off and, and we have a 15 month year old daughter and it's awesome to you know, be home for that.
Speaker ALike I've, you sacrifice a lot when you're on the road for a long time.
Speaker ASo it's great to, to have a place that you love to be and with the people you love and being able to build your dreams every day.
Speaker AAnd.
Speaker BSo because being a musician you have to be creative.
Speaker BIt seems like the tree houses and everything you've done, that's, that's.
Speaker BIs that, I guess, spring on your creativity, is that helping fuel that fire?
Speaker AIt is and it does.
Speaker AI mean like we're, we've created some things that like, you just, you can't get anywhere else.
Speaker ALike, we just finished building this wellness haven and it's basically, it's a multi acre spa.
Speaker AYou know, cliffside mountaintop.
Speaker AThere's all these beautiful rocks and boulders everywhere.
Speaker AView of three states.
Speaker AIt's you know, like mirrored sauna, hot springs, pools, steam room and treatment rooms, and like a rooftop yoga deck with a view of three states.
Speaker ASo like, honestly like what we're doing, like when we, you know, in the treehouse, we go all the way back to day one for the honeymoon, we just journaled about all these dreams and things we wanted to accomplish and we created this 25 year plan for our lives and we have almost all of it and you know, nine years and we, we made it come true through the business.
Speaker AAnd, and so it's, I'm, I'm honestly like building things that just absolutely thrill me.
Speaker AAnd I learned that through music.
Speaker ALike when you, if you want to make a great album or you want to make a great song, like do something that just lights your heart on fire, that you love it so much regardless of what you think, other people are gonna like it.
Speaker ABecause when you start making things specifically with like an something else in mind, like, okay, well, needs to be this way for this person.
Speaker AIt needs to be this way for this.
Speaker AAnd whatever you get too calculated, like, it's easy to just get lost in the middle, you know, but, but do do something unique.
Speaker APlay your own game, play by heart.
Speaker AYou know that I think you have the ability to, to land on something that's like a.
Speaker AOne of a kind and truly unique.
Speaker AAnd that's a, you know, much easier way to stand out from.
Speaker BI definitely, I 100 agree with that.
Speaker BI like.
Speaker BWell, I've always been the type of person where, you know, I marched to the beat of my own drummer.
Speaker BLike, I, I don't like following rules, but other people impose on me.
Speaker BI just like, you know what, I'm gonna do it my own way.
Speaker BSo.
Speaker BBut I gotta ask a question.
Speaker BI probably should have looked this up.
Speaker BI don't know what music or what musical instrument you play.
Speaker BLike, what, what do you play inside the, the band, the bass Guitar, basically.
Speaker AFoundation guitar.
Speaker BYou bring.
Speaker BYeah, you bring the presence.
Speaker BYou make sure that everybody feels everything there.
Speaker AThat's right.
Speaker BLove it.
Speaker BSo what is.
Speaker BI.
Speaker BI got.
Speaker BI gotta know.
Speaker BWhat is your favorite song that you guys have made?
Speaker BMaybe I might not have heard it, but, like, do you have a favorite song that you guys that you've made?
Speaker AMan, that's hard because we're talking about so many 23 years and 10 albums and.
Speaker AAnd all that kind of depends on the mood I'm in.
Speaker AAnd we're the kind of band that, like, we've got.
Speaker BThere's so many different types of songs across the board.
Speaker ALike, you know, it's a rock and roll show live, but then we've got some.
Speaker ASome beautiful songs that have also been used in weddings and, you know, the.
Speaker AThe birth of child.
Speaker ALike, there's a song called Banks, and, you know, it says, I'll be the banks of your river, meaning, like, I'm going to be here to support you, you know, not control you, just here to support you.
Speaker AAnd it's like, relational.
Speaker ABut, you know, some people think about their kids when they hear that song because, like, I'm gonna be the banks of your river as you.
Speaker AAs you go through life and you can crash into me and all that.
Speaker AAnd I'm just going to be here to support you.
Speaker AAnd Jordan Davis, the country artist, he used that for.
Speaker AFor, like the.
Speaker AFor the birthing song for, I think, his most recent son.
Speaker AAnd then he.
Speaker AHe and I, we got a chance to.
Speaker AHe covered the song and we performed it together on.
Speaker AOn one of the.
Speaker AOne of the.
Speaker AOne of the TV shows, Austin City Limits or something like that.
Speaker AAnd it was awesome, man.
Speaker AIt's been a rich thing to be able to see the world that way.
Speaker AAnd, you know, I would not have the perspective that I do.
Speaker AHave I not seen so much and experience, you know, the best and the worst of.
Speaker AOf hospitality and hotels and penthouse suites and all that stuff.
Speaker ASo I'm definitely drawing from a deep well in terms of what I can create here.
Speaker AAnd we found a spot where we can literally build anything we want.
Speaker ALike, it's hard in a lot of states in America.
Speaker AI won't necessarily specify the color of those states, but I think, you know, where.
Speaker AIt's just too many stupid rules and like, there's.
Speaker AThere's no room for creativity and architecture, real estate.
Speaker ASo it's just like, very basic and boring.
Speaker AAnd I just think, like, you know, I don't know why, why.
Speaker AWhy not take the opportunity in a beautiful country to Harness the creativity, the talent of people with fresh ideas about what it can look like to go on vacation.
Speaker AYou know, like keep, keep all that vacation talent here or that money here in America instead of having to go to Bali or Tulum, Mexico or wherever.
Speaker ABecause, like, they actually get it and will allow people to be creative and create one of a kind experiences.
Speaker ALike we found that place.
Speaker AThey're hard to find, but I mean, building things on, on cliffsides and doing just incredibly creative stuff.
Speaker ALike right now we're building.
Speaker AThis is a, this is a.
Speaker AYou heard it first.
Speaker AThis mirrored cube that it will be floating.
Speaker AIt'll look like it's floating between two boulders suspended in the air.
Speaker BAnd like, that sounds amazing.
Speaker AYeah, right?
Speaker AI mean, you just can't do that everywhere.
Speaker BWell, being creative, like you're saying, like you, you know.
Speaker BYeah.
Speaker BYou say in other states, you know, let's say, for instance, like, it has to be X, Y and Z.
Speaker BYou have to go through all these permits and all that sort of stuff, which is rather bummer.
Speaker BBut that's, that's super.
Speaker BI can't wait to see it.
Speaker BSo I'm, I'm assuming, Tori, you're going to make sure that it gets on social media now you were, you're in news like we on the news and doing like a news anchor.
Speaker BIs that what you were?
Speaker BAnd does that help to transition to help you guys build up the bolt farm Treehouse?
Speaker CI was, yeah.
Speaker CI mean, I produced the early morning news and I did some entertainment reporting.
Speaker CThe best thing that happened during that career was meeting Seth.
Speaker CI interviewed the band and that's how we met, which is pretty wild.
Speaker CAnd I, I would say it still helps me in some ways today with just the skills that have translated.
Speaker CKnowing how to produce an event or a deadline or a project and, you know, communicate effectively and clearly with the people involved.
Speaker CIt's really helped me with the team that we're growing here.
Speaker AAnd I'd add to that, like, and building a big brand that's opened all kinds of doors for us.
Speaker CYeah.
Speaker AYou know, like, I mean, she got.
Speaker AGot a text message from Brian Chesky, CEO of Airbnb, just being like, hey, I'm such a fan of your treehouse.
Speaker ALike, can we zoom?
Speaker AAnd we're like, sure.
Speaker AAnd so like, you know, and of course I'm like, you know, just jotting down questions and things I want to ask him.
Speaker ABut one specifically about investing, I would offer, you know, because this is straight from Brian, you know, I was just saying, hey, you know, we want to grow Fast.
Speaker AWe want to raise money.
Speaker AAnd, you know, you have any advice on that?
Speaker AAnd he just said, yeah.
Speaker AHe's like, you know, when we were coming up with Airbnb, like, you know, the.
Speaker AThe sentiment at the time was like, get as much money as you can from whoever you can.
Speaker ALike, it doesn't matter.
Speaker AHe's like.
Speaker ABut I had a mentor who said, like, actually, you know, only, only, only, only raise what you need and get it from really great sources of people that can advise you and, and speak life and to you and.
Speaker AAnd, you know, that kind of thing.
Speaker ASo I think that that is the, you know, I took that to heart and, and that's why, really, like, I think our investors aren't people who just want to get, like, the most money, the highest return.
Speaker ALike, will the returns be great?
Speaker AAbsolutely.
Speaker ALike, our margins are incredible.
Speaker ABut I think more than.
Speaker AMore than.
Speaker AMore than the mercenary side of it, it's the missional mindset.
Speaker ALike, I want to work with people who actually can get what we're doing, which is, like, having an impact on relationships.
Speaker ALike, yes, we're revolutionary, revolutionizing hospitality.
Speaker AWe're also, you know, providing a space where people can reconnect and, like, leave with a stronger relationship, and that can have generational impacts.
Speaker ALike, there's.
Speaker AWe've heard back that, like, the.
Speaker ATheir people's kids have said, like, you guys are different since going to the treehouse.
Speaker AAnd they called it the treehouse effect.
Speaker ASo, you know, that.
Speaker AThat means.
Speaker AThat means more to me than the gobs of money that we can make.
Speaker AYou know, I just, you know, money's.
Speaker AMoney's a tool.
Speaker AMoney's a resource.
Speaker ABut it's.
Speaker AIt's not why I wake up in the morning.
Speaker BI love it.
Speaker BI love it.
Speaker BI think that's why we say eye to eye so well, it's because the same thing, like, I make my money through real estate.
Speaker BEverything that I do is like, how many people can I serve?
Speaker BI want to serve more and more people because I realized the more people I serve, the better my life gets and the better their life gets and everybody wins.
Speaker BAnd so that's just the best, best way to go.
Speaker BIf you start thinking in abundance, as opposed to scarcity, like, hey, there's some limited everything.
Speaker BNo, if you think more abundantly, like, instead of the world's out to get, you think maybe the world might be willing to help you.
Speaker BSo if you just have that mindset by you giving, in fact, you know, the Lord says, do unto others as you would have them do unto you.
Speaker BAnd so if you start taking that really living it out, everything just gets better and better.
Speaker BNow, Tori said I could chat with you guys forever, but I want to keep everybody I want again one more time, everybody.
Speaker BYou guys, check out bolt farm tree houses on social media as well as their website, bolt farm treehouse.com.
Speaker Bbut thank you so much, you guys, for being here.
Speaker BI hope everybody got.
Speaker BI know I got a ton out of it.
Speaker BI know my listeners will, too.
Speaker BBut I hope you guys do tremendous success in all your guys's success, you know, endeavors with all these tree houses and helping people.
Speaker AThank you, Justin.
Speaker AYeah.
Speaker AAppreciate you, man.
Speaker AGreat to see you.
Speaker BAnd that is it for today.
Speaker BGo ahead and get my free real estate investing course, Texas word rental, the 33777.
Speaker BR E N T A L to 33777.
Speaker BYou can also join my real estate wealth builders group coaching.
Speaker BGet all my courses.
Speaker BAll right, guys, we'll see you in the next show.
Speaker BSee ya.