December 23, 2024 • 26 mins
Rinda Emick, a powerhouse in real estate, reveals how she shattered barriers to become a leading force in the industry. From building vast sales teams in the MLM space to transitioning into real estate investment, Rinda shares the pivotal moments and insights that have shaped her career. Inspired by influencer Pace Morby, she transformed her approach to real estate, moving from skepticism to mastering innovative deal structures. Discover her unique take on holiday gifting and her ambitious mission to acquire 777 doors, emphasizing financial literacy and long-term investments for her children.
Journey with us through the complexities of the RV park acquisition arena, where Rinda, as Director of Operations for Bison Peak Ventures Fund, aims to secure 10 parks within 18 months. She highlights the thrill and challenges of managing multifaceted RV resorts, discussing the strategic thinking required to thrive in this dynamic sector. Learn about the $50,000 minimum investment for accredited investors and the anticipated returns, as Rinda's passion for solving problems and fostering business growth offers invaluable lessons for aspiring investors. With her consulting company, TC Collective, she leads creative real estate transactions, focusing on innovative solutions that benefit all parties involved.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 2 (00:00):
okay, as long as you guys can, on your end you feel
good about everything okay yeah,I mean most the time we do, but
I think if he said that, um,we've never faced any
technological um issues but um.
So welcome to episode 47 of NowMaking Gives in Real Estate.
(00:37):
Today's guest is Rinda, thedynamic force behind the TC
Collective, a consulting andoperations firm specializing in
creative solutions for realestate businesses.
She's also the director ofoperations for Bison Peak
Ventures Fund, which manages amere $30 million in assets under
(01:02):
management.
So pretty impressive.
Her background includesbuilding a sales team spanning
over 10,000 representatives andover 50,000, including their
customers, in the MLM space,where she honed leadership and
communication skills that nowfuel her success in real estate.
She's a licensed realtor inColorado and Texas, a top-tier
(01:27):
certified TC and an investor inmultifamily properties.
We're super excited to diveinto her journey and insights.
Welcome, miranda Emick.
Wow, unnailed that one.
Speaker 1 (01:41):
Yeah, you did.
It makes me sound a lot coolerthan I feel like I am.
You know, you're like listeningto, like yeah, I've done that,
but you're always like what'snext?
What's next right, and so youhave to sometimes reflect those
things.
But, girls, thank you so muchfor having me here.
I really appreciate this,appreciate you taking the time,
especially right beforeChristmas when there's a lot
(02:02):
going on.
I actually like just started mychristmas shopping last night
at like 10 pm, so those are mywords.
Speaker 2 (02:15):
That's terrible.
Do you have any like a homethat you're shopping?
Speaker 1 (02:20):
for or well, I have.
I have four kids, so I havefive, but I have four living and
so two are toddlers, two areteenagers.
So I kind of just you know it's, it's always the last minute
thing for me.
Christmas shopping is not.
We don't celebrate with like abunch of gifts and stuff.
(02:40):
We do things a little bitdifferent.
Interesting, like last year Iput a little bit of money into,
like an apartment for my kids,like invested into an apartment
unit for each kid, right?
So things like that where.
So we do a little untraditionaland of course, the toddlers,
like we still do toddler gifts.
So I make it sound like youknow there's no thought behind
(03:00):
that, but truly we just dothings a little different.
Wow, well, mom got me anapartment for Christmas.
I'm like you own this doorknob.
Just a small investment.
But to teach them more, so toeducate, right.
Speaker 2 (03:19):
So we got in touch with you via Pace Morby, which
he is going to be at our eventin Cabo.
Oh nice, yeah, he's going to bespeaking.
So let us know how you areaffiliated with him and what
you're doing and all the things.
Speaker 1 (03:40):
Okay, so do you guys like, have you spent a lot of
time with Pace?
Do you know who he is or muchabout him?
I know who he is, I know who heis.
I think everybody kind of knowswho he is at this point.
But so, funny enough, I wantedto transition heavily from
traditional real estate toinvesting, like that was.
(04:02):
I originally got into realestate back in 2010 and I was
young and contracts scared thecrap out of me.
So, um, only spent a couple ofyears in real estate, got out,
built another business.
But when I got back, I was likeI'm coming back, I'm going to
come back to real estate at somepoint because I want to invest,
I want to build a portfolio, um, and I want to own a lot of
real estate.
(04:23):
Like I knew that was always agoal of mine.
And so I came back into realestate in 2020, was like I'm
going to get licensed again, butreally I'm going to go you know
more on the traditional side Imean, sorry, the investor side
and I ended up getting busy inthe traditional side and kind of
put the investor stuff on theback burner.
And so then I was kind ofscrolling around and we're like
my husband, we got it.
(04:43):
We got to start the investing,we got to start doing the things
we want to do.
And so we come across, like mostpeople, pace Morby on YouTube
and we're watching some videos.
Watching some videos, and I'mlike this, this dude throws a
scam.
Like he is like there isnothing about him that can be
real.
You know, I'm like he is just,oh my gosh.
(05:06):
And so we start like divinginto all these videos.
I'm like there is no way youcan buy a property with like
zero down.
Like there is no way you can doall these things Right, and if
you fast forward to now, I'vedefinitely been proven wrong.
But, um, I was like, okay, I'mgoing to see what this is about.
So I kind of started divinginto his free Facebook group and
saw some of like my mentors inreal estate in there and I'm
(05:28):
like, okay, wait a second.
And then I was like, well, I'mgoing to join his community.
So this was a year and a halfago at this point and I joined
his sub two community and I waslike, should you not like blown
away?
Like blown away at the grind ofpace, like his values, like his
(05:48):
morals, like how much he givesto the community and since then,
since getting into sub two,I've just been fortunate enough
now where it's like I do talk alot with pace, I do get to go
directly to him.
Um, I've, I've joined his um,his smaller mastermind, which is
called the Owner's Club, wherewe basically own stuff together,
and you know, it's justactually been like a complete
(06:12):
game changer for me.
Honestly, like I have learnedthis is gonna sound crazy, but I
have learned more from Pace,who's not an agent doing
creative stuff about real estate, than I have learned being
licensed in three differentstates with three different real
estate schools.
Like it's really quiteimpressive.
So so, yeah, so he's not a scam,he's actually legit.
(06:33):
He gives his whole heart intohis people and he's taught me a
lot and I mean we're on a textyou know, basis I.
I am very fortunate enough, youknow, to have great
conversations with his wife, histeam and all the things, and so
I am very fortunate enough tohave great conversations with
his wife, his team and all thethings, and so I am super pumped
that you guys get to see himspeak in Cabo, because you're
going to be very impressed forsure.
Speaker 2 (06:53):
Well, we can't wait to hear what you learn and what
you're doing.
Well, first of all, wait.
How many doors do you haveright now?
Speaker 1 (07:01):
And this has all been a year and a half period do you
have right now?
And this has all been a yearand a half period, um.
So I started we, we startedbuying before um, before I
jumped into Pace's community,but right now we don't know what
I'm invested in.
It's about 187 doors, notincluding investments into, uh
like RV parks.
So, yeah, it's, it's, it's fun.
(07:23):
We've got, you know, a fewshort terms, long terms, learned
a lot.
I've worked with I can't eventell you countless at this point
different investors, differentbusinesses and stuff.
So it's definitely, I would sayif you look at what I've done
in a year and a half, I feellike I have tremendously
condensed what I thought I wasgoing to do in 10 years or five
(07:46):
years, like now, what I look atin five years, I'm like I'm
going to probably triple, likewhat I thought I would do in 10
years.
You know, which is completelymind blowing to me, but so fun.
Speaker 2 (07:58):
How, how are you, how are you condensing that so much
?
I mean, I'm sure there's a lotof pieces to that puzzle, but
like what condensing that somuch?
Speaker 1 (08:12):
I mean, I'm sure there's a lot of pieces to that
puzzle, but like what's one bigthing that you're doing that
maybe you weren't doing before?
First, like I'm sure you, yougirls know, right, like it's the
people you get around, that'sthe biggest way to just leap
forward in time.
Right, because you takesomebody like Pais, who has
2,100 doors and has bought themall creatively, so always
thinking outside the box, andwhereas I used to think I have
to buy everything traditionally,I have to save my money, my
(08:33):
husband, I have to put 20% down,you know, and do one, maybe two
, a year type of deal.
And so when you get aroundpeople that have stretched so
much and you're like your mindis blown.
But you see, like that is real,like I can do that it is real.
He started with one, I startedwith one, and so I think, first
(08:54):
and foremost, it's like gettingaround those people and you know
, you know that, like I'm sureyou guys put yourself around
people like that too that pushyou to think bigger and stuff
like that too, that push you tothink bigger and stuff.
But the biggest takeaway for mewas that is going okay, we can
actually buy real estate.
This way, like we don't have todo it this traditional way, we
can actually negotiate whateverworks for both people and, you
(09:18):
know, even solve problems indifferent ways than I could as
an agent or how I thoughttraditionally as a traditional
agent.
And I think that is the biggest, really the biggest leap is the
people and then also unlockingthe power of how do we do this
quicker, fast, you know, fasterand at a scale.
Speaker 2 (09:35):
So Wow, what is your goal?
Do you have a certain goal inmind for number of doors or
moving?
Speaker 1 (09:42):
forward?
I do, and I'm like it justmakes me sweat a little bit and
I know it's like it's not evencompared to my mentors.
I'm like it's nothing, but itis to me.
So right now I'm on a missionfor 777.
Like what?
Speaker 2 (09:57):
number?
Yeah, that's very specific.
We're going to have to hear howyou got to that number
specifically.
Speaker 1 (10:04):
It's biblical.
You know.
There's like I love numbers andplaying with numbers and stuff
and I originally was like, okay,750 sounds like a great number.
And I was like, but it doesn'thit Like it just doesn't hit
like to me where I'm like, oh,but then I think 777.
I'm like dang, if I'm like I'vegot 777, like I hit that number
, it's like jackpot, you knowthat kind of stuff.
But and then once I get there,of course it'll be something
(10:25):
crazier and bigger, but so it'sjust a number that I started
with 750.
And then I was like I got toadjust it, make it feel a little
bit.
I got to have a little bit more.
Speaker 2 (10:46):
And then most into that b-hag that's a goal.
What's I will in five years?
Yeah, so, oh, five years, okay,I won't.
Yeah, I want to know.
You're talking about creativedeals.
What's the most creative dealyou've done?
Speaker 1 (10:54):
yeah, oh, my goodness gracious.
Well, we okay, so, okay, so, um, oh man, how long do you have?
Uh, we do so.
Just to give you perspective,my team, um, we, uh, the TC
collective, we have a consultingcompany and so we do consulting
, we do transaction management,but only in the creative space,
(11:15):
and, um, we run anywhere from 25to 40 deals a month through
that company.
So we are constant and they'reall creative.
So we are constantly seeing.
You know, all creative.
But I will share something thatI'll run through this one pretty
quickly.
So this is a, a chaffa, whichis basically a Colorado housing
(11:39):
loan that this seller wanted tosell.
This property, anyways, had atenant in the property decided
she wanted to sell to the tenantbecause the tenant wanted to
buy it, but he couldn't getapproved.
But she's like, I trust him,he's been renting this forever,
okay, great.
So what we did is we ended upfiguring out a structure for her
where she could.
(12:00):
We ended up figuring out astructure for her where she
could do.
We did a like a lease optionkind of deal.
So we did sorry, not a leaseoption a contract for deed.
So essentially, he's justtaking over the mortgage, so
he's.
We closed this deal with acontract for deed.
He's taking over the mortgage,started off as a tenant.
He's not able to get approvedand we had to like jump through
(12:27):
several hoops to get this done,but basically because of the
uniqueness of the loan.
But he essentially is justtaking over the payment and no
net, no money down like zeromoney down Right, like doesn't
have to get approved by the bank.
And it's been a few monthssince we closed that one and
like the seller I mean she allshe wanted to do was be able to
sell to this tenant Like theyhad that good of a relationship.
So the reason why that one issuper creative is because it we
(12:53):
couldn't just we couldn't closethat one as just a subject to
like.
We had to actually create someuniqueness to it based on the
attorneys and the title companyinvolved to make it work.
But we solved the problems.
That's the thing.
We solved the problems and thisis what the seller wanted, this
is what the buyer wanted, andso that was how we could solve
the problem.
So I actually partnered with anagent on that one and so we
(13:14):
partnered together on how wecould structure that for them
and work it that way.
But I mean, I've had dealswhere it's like, hey, this truck
needs to be included in thesale, so how do we, you know,
get the truck in the deal?
I have an apartment deal rightnow that I'm working on that is
(13:36):
going to be zero down.
We're going to pay out thepayment, essentially to help
with deferred to defer, so thetax, the capital gains and all
that stuff, the recapture, sowe're going to help structure
this for the seller to wherethey won't have as big of a
liability, and so we will walkin with zero down.
But we will structure like aprincipal payments scheduled
(13:58):
over next year.
So it's really like, how can wesolve the problem?
Like, what's the problem?
Oh, the seller doesn't want topay taxes.
Oh, the seller doesn't want tohave a massive recapture tax.
Oh, the seller wants to sell totheir tenant, but the tenant
can't get approved.
So how do we structure that?
And we just think outside thebox and make it work.
(14:19):
And it's really, it's reallyneat to to start to have that,
you know, thought process.
Yeah, and Anna, your TC company.
Speaker 2 (14:30):
I'm just wrapping my mind around all this, so it
sounds like then these are all.
Since they're all creative, I'massuming most, if not all, are
off market.
Is it realtors hiring you to TC, or is it actually like sellers
or buyers, or your own team?
Speaker 1 (14:46):
Our TCs will typically be hired by a um, a
wholesaler, or a um or buyer.
So we have a lot of buyers thatare just repeat clients and
they only, you know, want us towork on there because they're
the uniqueness of the deal.
The paperwork looks different.
Um, we, I, because I'm an agent, I do work alongside with
(15:08):
agents and help them understandand walk them through.
This is you know, if you aregoing to accept this offer.
Hey, think about this.
I've done that kind ofconsulting um fairly often.
Um so, or like Colorado agents,like I've JB'd with them on
some of their the deals, like,hey, this is you know, we're
gonna, we're gonna split this,this commission, because I have
no idea how to do this, and soI've I've worked with agents in
(15:31):
that capacity.
But as far as our, my, my teamgoes, we have a team of eight,
and so our TCs are typicallyhired by the end buyer or the
wholesaler who's kind ofbringing them in.
But we do a lot of on-marketstuff too.
It's just agents are not quiteas familiar with the process and
the paperwork and all thatstuff.
Yet I think they will be.
I think it's definitely gettingout there and I think a lot
(15:54):
more agents are starting to go.
Okay, this might be the onlyoption for for my seller Like
this.
If they're in a really bad spotlike this could potentially be
the only way to to get theproperty sold before foreclosure
or something like that.
So, um, yeah, okay.
Speaker 2 (16:09):
So then how do we get into the RV space?
Speaker 1 (16:13):
I know you just said that, wait a second.
Um, so we, so my, my, the TCcollective we do operational
service, like fractionaloperations, full operations and
then also the consulting piece.
So I primarily do operations.
And so I've worked with a tonof different businesses and
(16:34):
companies, primarily real estateor verticals of real estate.
So you know they've got, youknow they've got short-term
management, they've got amassive portfolio, they've got a
cleaning company, they've got amaintenance company, a trash
whatever, and I come in and Ijust do operations overseeing
all of their businesses.
And so I have partnered withthis fund, Bison Peak Ventures
(16:59):
Fund, and I am their director ofoperations.
So I handle, gosh, all kinds ofstuff.
As things are starting up.
There's a million and a halfthings that you can do in the
operations space, but primarilyI am working through transitions
of the park.
So once we decide we're goingto close on a park, I am
(17:21):
obviously handling kind of allthe paperwork and all that kind
of stuff from there and then Ihelp transition that park into
our company with managementoperations, that kind of stuff.
So that is a lot, but that isthe goal is to do more of that,
right, because in that capacityI'm building my portfolio, and
so that's aligns with my missionto hit 770, right, so I am
(17:44):
transitioning to more of thatspace.
Speaker 2 (17:49):
So acquiring RV parks throughout the country or
specific occasions, okay.
Speaker 1 (17:56):
All over the place, girl.
So we.
So we just closed on one inVirginia, we closed on one in
Missouri at the Lake of theOzarks, and they're beautiful
parks.
These are RV resorts, so thesetypically have restaurants, uh,
water parks, they're not justpads and electricity, you know,
there's there's several businesscomponents to the, the RV, a
(18:19):
resort.
And so within the fund, um, wehave investors that invest money
into the fund we hit and thenwe have targeted returns and I
am more on that acquisitionpiece.
Um, you know, we have capitalraisers and that kind of stuff.
Uh, I'm more on the acquisitionpiece, the operational side,
and so we have a goal with thefund that we're going to close,
(18:45):
purchase 10 parks in 18 months,and we just closed on two, so
we're two down.
We have eight more to go, whichis a very, again, a very big
goal.
But I think with the team andas we grow and add more people,
I think it's very, very possible.
We're getting systems in placeand transitions will be easier
and all that fun stuff.
(19:05):
So it is a wild space, but itis really, really cool.
The numbers are awesome.
Speaker 2 (19:12):
What's the minimum investment for that type of fund
?
Speaker 1 (19:15):
Yeah, so that one's for accredited investors and the
minimum is $50,000.
Speaker 2 (19:23):
And then what's the anticipated return?
Speaker 1 (19:27):
So we have an 8% press.
So I'm not sure if you have alot of experience with funds,
but we have an 8% press.
And then the targets we'rehitting about high teens for
overall returns Wow, interesting.
Yeah, yeah, I know it'sfascinating.
(19:47):
Yeah, it's a very fascinatingspace because what I love and if
you can kind of hear, as youhear, me walking through all the
things that I do, you couldprobably clearly recognize that
I love business and so what Ilove about the RV space, I get
to really take real estate, thecomponents of real estate, like
(20:08):
there's long term, short storeterm, you know hospitality
pieces, but you walk into an RVresort and it's like you have
you can walk into 10 differentbusinesses.
You know the ice maker making100 grand a year, the golf cart
rent maker making 100 grand ayear, the golf cart rentals
making 100 grand a year, theconvenience store, the liquor
store, the you know you've gotit's endless opportunities, you
(20:31):
know, just depending on how bigyou want to take it.
So I love that space, I lovethat we walk in and we go
immediately.
We are inheriting this manyemployees.
Where are the gaps?
How do we fix it?
How do we transition it?
And you know it takes a specialbreed of human.
I think that enjoys that pace,but I definitely do, so it's
(20:52):
cool, it's really neat.
Speaker 2 (20:56):
Love it.
Yes, I'm not familiar with theRV acquisition space, that's for
sure.
That's different.
Yeah, how did you get connectedwith?
Speaker 1 (21:05):
that like, oh my gosh , I love them.
Like you know, we just vibe sowell.
And we started working throughlike how, how can we work
together?
You know, and I kind of knewthe mission that they were going
(21:27):
to start going down and theyknew the mission that I had been
working on, and so we justreally aligned in what we were
looking to do and so we finallydecided let's come together and
work together on this.
And so it's been an it's beenan awesome journey so far.
Speaker 2 (21:42):
That's really cool.
Yeah, I definitely have been.
My interest has been piqued byRV parks.
My dad and I have talked aboutit, but I hadn't looked at it in
that large of scales.
Yeah, In like the resort sideof it more intimidating.
Speaker 1 (21:59):
Well, and that's yeah , we always say start with, just
you know, a park, just an RVpark, you know.
Start small because you canreally get in and and I mean
they're all over the place.
Like it's hard when you're notin it, you know.
It's like you know buying a redcar and then you see the red
car everywhere.
Right, it's like when you'renot really dived into it and
(22:21):
fully invested.
But now I'm like, oh my gosh,we get probably I don't even
know 20 deals a week to look at.
They're everywhere.
So I would love to help you ifyou ever like hey, I want to get
into this Definitely text me,call me or whatever, and we'll
all start working and crew it.
That might be an easier way togo.
(22:42):
Here's my 50 grand.
Go find me my little piece.
Well, I mean, that's always oneway for sure.
Then you see, operationally andall that goes into it, but on a
small scale.
If you and your dad ever wantedto get into it, I mean you
could find a small park.
I mean you could find a smallpark.
Just pop into you know, 500k, amillion dollar park adds
(23:08):
electricity, workforce, park,something that you know is just
utilized not so much forhospitality and get you know,
see if you like it, see if youhate it, you know.
But it's a good starting place.
Speaker 2 (23:16):
So well, we'll see.
My husband and I arepotentially looking at a mobile
home park right now, so we we'llsee my husband and I are
potentially looking at a mobilehome park right now.
Speaker 1 (23:27):
So we well, we'll see .
Yeah, I get a ton of those too.
Yeah, I mean it's gosh.
Yeah, their returns I mean youjust gotta.
You can't deny, you know, whenyou've got good returns, the
numbers are the numbers.
So that's why I lovemultifamily commercial assets,
that kind of stuff.
I never went down that path asan agent.
(23:47):
I stayed more with singlefamily and land, but as an
investor, that's the way to go.
You know, that's the route thatI'm like, heavily focused on.
Speaker 2 (23:58):
My husband and I just became investors with DLP
Capital last month, so with mostfamily housing fund, so now
we're getting ready to get ourfirst check.
Speaker 1 (24:11):
Hey, it's, it's.
Yes, that is so exciting.
We've got everyone startssomewhere and it really right.
It's like it just is helping.
You see that it's real, becauseit's like you hear these things
happening and you hear peoplebuying stuff this way and it's
that proof of concept, likebeginning of first distribution
tech.
Like now you go, ok, it's real,it worked.
(24:33):
I can do more, I can do biggerstuff, so that's awesome.
Speaker 2 (24:37):
And surrounded by other great people.
That's awesome and surroundedby other great people.
So that's, you know, the otherpart of it that we found
attractive, which is beingaround and immersed by even more
great people.
Yeah, it keeps getting better,so Awesome.
Speaker 1 (24:59):
Well, where can people find you if they want to
learn more or do what you'redoing?
Yeah, so my name, rinda Emick,is on all my social.
I am the one and only RindaEmick.
So R-I-N-D-A-E-M-I-C-K.
You can find me Instagram,youtube, facebook, all the
things and then you can alsolook at if you're interested in
the RV space, definitely go toour website,
(25:19):
buysomepeakventurescom.
That will give you all you needto know about the assets we're
acquiring, as well as how toinvest, if that was something
that you're interested in, orjust who we are as a team, and
reach out if you ever havequestions.
Speaker 2 (25:33):
That's great.
Well, hopefully we'll meet youat some point, maybe Cabo you
can come.
Speaker 1 (25:39):
I'm like maybe I should go to Cabo.
I know Treasure's like youshould come to the events.
So yeah, I do hope so too.
You guys are great, thank you.
Speaker 2 (25:51):
Thank you so much and we hope you have a wonderful
holiday season and yeah, we'llcatch you on the flip side 7-7-7
.
Speaker 1 (25:59):
Yeah, we'll get you back on after you reach your
goal yeah, I'll reach my goaland I'll text you like okay, I
reached it.
You guys?
Yeah, happy holidays to youguys too.
I hope you have an awesomeChristmas.
Thank you so much for having me.
Speaker 2 (26:13):
Thanks, raido, talk to you soon.
Bye.
okay, as long as you guys can, on your end you feel
good about everything okay yeah,I mean most the time we do, but
I think if he said that, um,we've never faced any
technological um issues but um.
So welcome to episode 47 of NowMaking Gives in Real Estate.
(00:37):
Today's guest is Rinda, thedynamic force behind the TC
Collective, a consulting andoperations firm specializing in
creative solutions for realestate businesses.
She's also the director ofoperations for Bison Peak
Ventures Fund, which manages amere $30 million in assets under
(01:02):
management.
So pretty impressive.
Her background includesbuilding a sales team spanning
over 10,000 representatives andover 50,000, including their
customers, in the MLM space,where she honed leadership and
communication skills that nowfuel her success in real estate.
She's a licensed realtor inColorado and Texas, a top-tier
(01:27):
certified TC and an investor inmultifamily properties.
We're super excited to diveinto her journey and insights.
Welcome, miranda Emick.
Wow, unnailed that one.
Speaker 1 (01:41):
Yeah, you did.
It makes me sound a lot coolerthan I feel like I am.
You know, you're like listeningto, like yeah, I've done that,
but you're always like what'snext?
What's next right, and so youhave to sometimes reflect those
things.
But, girls, thank you so muchfor having me here.
I really appreciate this,appreciate you taking the time,
especially right beforeChristmas when there's a lot
(02:02):
going on.
I actually like just started mychristmas shopping last night
at like 10 pm, so those are mywords.
Speaker 2 (02:15):
That's terrible.
Do you have any like a homethat you're shopping?
Speaker 1 (02:20):
for or well, I have.
I have four kids, so I havefive, but I have four living and
so two are toddlers, two areteenagers.
So I kind of just you know it's, it's always the last minute
thing for me.
Christmas shopping is not.
We don't celebrate with like abunch of gifts and stuff.
(02:40):
We do things a little bitdifferent.
Interesting, like last year Iput a little bit of money into,
like an apartment for my kids,like invested into an apartment
unit for each kid, right?
So things like that where.
So we do a little untraditionaland of course, the toddlers,
like we still do toddler gifts.
So I make it sound like youknow there's no thought behind
(03:00):
that, but truly we just dothings a little different.
Wow, well, mom got me anapartment for Christmas.
I'm like you own this doorknob.
Just a small investment.
But to teach them more, so toeducate, right.
Speaker 2 (03:19):
So we got in touch with you via Pace Morby, which
he is going to be at our eventin Cabo.
Oh nice, yeah, he's going to bespeaking.
So let us know how you areaffiliated with him and what
you're doing and all the things.
Speaker 1 (03:40):
Okay, so do you guys like, have you spent a lot of
time with Pace?
Do you know who he is or muchabout him?
I know who he is, I know who heis.
I think everybody kind of knowswho he is at this point.
But so, funny enough, I wantedto transition heavily from
traditional real estate toinvesting, like that was.
(04:02):
I originally got into realestate back in 2010 and I was
young and contracts scared thecrap out of me.
So, um, only spent a couple ofyears in real estate, got out,
built another business.
But when I got back, I was likeI'm coming back, I'm going to
come back to real estate at somepoint because I want to invest,
I want to build a portfolio, um, and I want to own a lot of
real estate.
(04:23):
Like I knew that was always agoal of mine.
And so I came back into realestate in 2020, was like I'm
going to get licensed again, butreally I'm going to go you know
more on the traditional side Imean, sorry, the investor side
and I ended up getting busy inthe traditional side and kind of
put the investor stuff on theback burner.
And so then I was kind ofscrolling around and we're like
my husband, we got it.
(04:43):
We got to start the investing,we got to start doing the things
we want to do.
And so we come across, like mostpeople, pace Morby on YouTube
and we're watching some videos.
Watching some videos, and I'mlike this, this dude throws a
scam.
Like he is like there isnothing about him that can be
real.
You know, I'm like he is just,oh my gosh.
(05:06):
And so we start like divinginto all these videos.
I'm like there is no way youcan buy a property with like
zero down.
Like there is no way you can doall these things Right, and if
you fast forward to now, I'vedefinitely been proven wrong.
But, um, I was like, okay, I'mgoing to see what this is about.
So I kind of started divinginto his free Facebook group and
saw some of like my mentors inreal estate in there and I'm
(05:28):
like, okay, wait a second.
And then I was like, well, I'mgoing to join his community.
So this was a year and a halfago at this point and I joined
his sub two community and I waslike, should you not like blown
away?
Like blown away at the grind ofpace, like his values, like his
(05:48):
morals, like how much he givesto the community and since then,
since getting into sub two,I've just been fortunate enough
now where it's like I do talk alot with pace, I do get to go
directly to him.
Um, I've, I've joined his um,his smaller mastermind, which is
called the Owner's Club, wherewe basically own stuff together,
and you know, it's justactually been like a complete
(06:12):
game changer for me.
Honestly, like I have learnedthis is gonna sound crazy, but I
have learned more from Pace,who's not an agent doing
creative stuff about real estate, than I have learned being
licensed in three differentstates with three different real
estate schools.
Like it's really quiteimpressive.
So so, yeah, so he's not a scam,he's actually legit.
(06:33):
He gives his whole heart intohis people and he's taught me a
lot and I mean we're on a textyou know, basis I.
I am very fortunate enough, youknow, to have great
conversations with his wife, histeam and all the things, and so
I am very fortunate enough tohave great conversations with
his wife, his team and all thethings, and so I am super pumped
that you guys get to see himspeak in Cabo, because you're
going to be very impressed forsure.
Speaker 2 (06:53):
Well, we can't wait to hear what you learn and what
you're doing.
Well, first of all, wait.
How many doors do you haveright now?
Speaker 1 (07:01):
And this has all been a year and a half period do you
have right now?
And this has all been a yearand a half period, um.
So I started we, we startedbuying before um, before I
jumped into Pace's community,but right now we don't know what
I'm invested in.
It's about 187 doors, notincluding investments into, uh
like RV parks.
So, yeah, it's, it's, it's fun.
(07:23):
We've got, you know, a fewshort terms, long terms, learned
a lot.
I've worked with I can't eventell you countless at this point
different investors, differentbusinesses and stuff.
So it's definitely, I would sayif you look at what I've done
in a year and a half, I feellike I have tremendously
condensed what I thought I wasgoing to do in 10 years or five
(07:46):
years, like now, what I look atin five years, I'm like I'm
going to probably triple, likewhat I thought I would do in 10
years.
You know, which is completelymind blowing to me, but so fun.
Speaker 2 (07:58):
How, how are you, how are you condensing that so much
?
I mean, I'm sure there's a lotof pieces to that puzzle, but
like what condensing that somuch?
Speaker 1 (08:12):
I mean, I'm sure there's a lot of pieces to that
puzzle, but like what's one bigthing that you're doing that
maybe you weren't doing before?
First, like I'm sure you, yougirls know, right, like it's the
people you get around, that'sthe biggest way to just leap
forward in time.
Right, because you takesomebody like Pais, who has
2,100 doors and has bought themall creatively, so always
thinking outside the box, andwhereas I used to think I have
to buy everything traditionally,I have to save my money, my
(08:33):
husband, I have to put 20% down,you know, and do one, maybe two
, a year type of deal.
And so when you get aroundpeople that have stretched so
much and you're like your mindis blown.
But you see, like that is real,like I can do that it is real.
He started with one, I startedwith one, and so I think, first
(08:54):
and foremost, it's like gettingaround those people and you know
, you know that, like I'm sureyou guys put yourself around
people like that too that pushyou to think bigger and stuff
like that too, that push you tothink bigger and stuff.
But the biggest takeaway for mewas that is going okay, we can
actually buy real estate.
This way, like we don't have todo it this traditional way, we
can actually negotiate whateverworks for both people and, you
(09:18):
know, even solve problems indifferent ways than I could as
an agent or how I thoughttraditionally as a traditional
agent.
And I think that is the biggest, really the biggest leap is the
people and then also unlockingthe power of how do we do this
quicker, fast, you know, fasterand at a scale.
Speaker 2 (09:35):
So Wow, what is your goal?
Do you have a certain goal inmind for number of doors or
moving?
Speaker 1 (09:42):
forward?
I do, and I'm like it justmakes me sweat a little bit and
I know it's like it's not evencompared to my mentors.
I'm like it's nothing, but itis to me.
So right now I'm on a missionfor 777.
Like what?
Speaker 2 (09:57):
number?
Yeah, that's very specific.
We're going to have to hear howyou got to that number
specifically.
Speaker 1 (10:04):
It's biblical.
You know.
There's like I love numbers andplaying with numbers and stuff
and I originally was like, okay,750 sounds like a great number.
And I was like, but it doesn'thit Like it just doesn't hit
like to me where I'm like, oh,but then I think 777.
I'm like dang, if I'm like I'vegot 777, like I hit that number
, it's like jackpot, you knowthat kind of stuff.
But and then once I get there,of course it'll be something
(10:25):
crazier and bigger, but so it'sjust a number that I started
with 750.
And then I was like I got toadjust it, make it feel a little
bit.
I got to have a little bit more.
Speaker 2 (10:46):
And then most into that b-hag that's a goal.
What's I will in five years?
Yeah, so, oh, five years, okay,I won't.
Yeah, I want to know.
You're talking about creativedeals.
What's the most creative dealyou've done?
Speaker 1 (10:54):
yeah, oh, my goodness gracious.
Well, we okay, so, okay, so, um, oh man, how long do you have?
Uh, we do so.
Just to give you perspective,my team, um, we, uh, the TC
collective, we have a consultingcompany and so we do consulting
, we do transaction management,but only in the creative space,
(11:15):
and, um, we run anywhere from 25to 40 deals a month through
that company.
So we are constant and they'reall creative.
So we are constantly seeing.
You know, all creative.
But I will share something thatI'll run through this one pretty
quickly.
So this is a, a chaffa, whichis basically a Colorado housing
(11:39):
loan that this seller wanted tosell.
This property, anyways, had atenant in the property decided
she wanted to sell to the tenantbecause the tenant wanted to
buy it, but he couldn't getapproved.
But she's like, I trust him,he's been renting this forever,
okay, great.
So what we did is we ended upfiguring out a structure for her
where she could.
(12:00):
We ended up figuring out astructure for her where she
could do.
We did a like a lease optionkind of deal.
So we did sorry, not a leaseoption a contract for deed.
So essentially, he's justtaking over the mortgage, so
he's.
We closed this deal with acontract for deed.
He's taking over the mortgage,started off as a tenant.
He's not able to get approvedand we had to like jump through
(12:27):
several hoops to get this done,but basically because of the
uniqueness of the loan.
But he essentially is justtaking over the payment and no
net, no money down like zeromoney down Right, like doesn't
have to get approved by the bank.
And it's been a few monthssince we closed that one and
like the seller I mean she allshe wanted to do was be able to
sell to this tenant Like theyhad that good of a relationship.
So the reason why that one issuper creative is because it we
(12:53):
couldn't just we couldn't closethat one as just a subject to
like.
We had to actually create someuniqueness to it based on the
attorneys and the title companyinvolved to make it work.
But we solved the problems.
That's the thing.
We solved the problems and thisis what the seller wanted, this
is what the buyer wanted, andso that was how we could solve
the problem.
So I actually partnered with anagent on that one and so we
(13:14):
partnered together on how wecould structure that for them
and work it that way.
But I mean, I've had dealswhere it's like, hey, this truck
needs to be included in thesale, so how do we, you know,
get the truck in the deal?
I have an apartment deal rightnow that I'm working on that is
(13:36):
going to be zero down.
We're going to pay out thepayment, essentially to help
with deferred to defer, so thetax, the capital gains and all
that stuff, the recapture, sowe're going to help structure
this for the seller to wherethey won't have as big of a
liability, and so we will walkin with zero down.
But we will structure like aprincipal payments scheduled
(13:58):
over next year.
So it's really like, how can wesolve the problem?
Like, what's the problem?
Oh, the seller doesn't want topay taxes.
Oh, the seller doesn't want tohave a massive recapture tax.
Oh, the seller wants to sell totheir tenant, but the tenant
can't get approved.
So how do we structure that?
And we just think outside thebox and make it work.
(14:19):
And it's really, it's reallyneat to to start to have that,
you know, thought process.
Yeah, and Anna, your TC company.
Speaker 2 (14:30):
I'm just wrapping my mind around all this, so it
sounds like then these are all.
Since they're all creative, I'massuming most, if not all, are
off market.
Is it realtors hiring you to TC, or is it actually like sellers
or buyers, or your own team?
Speaker 1 (14:46):
Our TCs will typically be hired by a um, a
wholesaler, or a um or buyer.
So we have a lot of buyers thatare just repeat clients and
they only, you know, want us towork on there because they're
the uniqueness of the deal.
The paperwork looks different.
Um, we, I, because I'm an agent, I do work alongside with
(15:08):
agents and help them understandand walk them through.
This is you know, if you aregoing to accept this offer.
Hey, think about this.
I've done that kind ofconsulting um fairly often.
Um so, or like Colorado agents,like I've JB'd with them on
some of their the deals, like,hey, this is you know, we're
gonna, we're gonna split this,this commission, because I have
no idea how to do this, and soI've I've worked with agents in
(15:31):
that capacity.
But as far as our, my, my teamgoes, we have a team of eight,
and so our TCs are typicallyhired by the end buyer or the
wholesaler who's kind ofbringing them in.
But we do a lot of on-marketstuff too.
It's just agents are not quiteas familiar with the process and
the paperwork and all thatstuff.
Yet I think they will be.
I think it's definitely gettingout there and I think a lot
(15:54):
more agents are starting to go.
Okay, this might be the onlyoption for for my seller Like
this.
If they're in a really bad spotlike this could potentially be
the only way to to get theproperty sold before foreclosure
or something like that.
So, um, yeah, okay.
Speaker 2 (16:09):
So then how do we get into the RV space?
Speaker 1 (16:13):
I know you just said that, wait a second.
Um, so we, so my, my, the TCcollective we do operational
service, like fractionaloperations, full operations and
then also the consulting piece.
So I primarily do operations.
And so I've worked with a tonof different businesses and
(16:34):
companies, primarily real estateor verticals of real estate.
So you know they've got, youknow they've got short-term
management, they've got amassive portfolio, they've got a
cleaning company, they've got amaintenance company, a trash
whatever, and I come in and Ijust do operations overseeing
all of their businesses.
And so I have partnered withthis fund, Bison Peak Ventures
(16:59):
Fund, and I am their director ofoperations.
So I handle, gosh, all kinds ofstuff.
As things are starting up.
There's a million and a halfthings that you can do in the
operations space, but primarilyI am working through transitions
of the park.
So once we decide we're goingto close on a park, I am
(17:21):
obviously handling kind of allthe paperwork and all that kind
of stuff from there and then Ihelp transition that park into
our company with managementoperations, that kind of stuff.
So that is a lot, but that isthe goal is to do more of that,
right, because in that capacityI'm building my portfolio, and
so that's aligns with my missionto hit 770, right, so I am
(17:44):
transitioning to more of thatspace.
Speaker 2 (17:49):
So acquiring RV parks throughout the country or
specific occasions, okay.
Speaker 1 (17:56):
All over the place, girl.
So we.
So we just closed on one inVirginia, we closed on one in
Missouri at the Lake of theOzarks, and they're beautiful
parks.
These are RV resorts, so thesetypically have restaurants, uh,
water parks, they're not justpads and electricity, you know,
there's there's several businesscomponents to the, the RV, a
(18:19):
resort.
And so within the fund, um, wehave investors that invest money
into the fund we hit and thenwe have targeted returns and I
am more on that acquisitionpiece.
Um, you know, we have capitalraisers and that kind of stuff.
Uh, I'm more on the acquisitionpiece, the operational side,
and so we have a goal with thefund that we're going to close,
(18:45):
purchase 10 parks in 18 months,and we just closed on two, so
we're two down.
We have eight more to go, whichis a very, again, a very big
goal.
But I think with the team andas we grow and add more people,
I think it's very, very possible.
We're getting systems in placeand transitions will be easier
and all that fun stuff.
(19:05):
So it is a wild space, but itis really, really cool.
The numbers are awesome.
Speaker 2 (19:12):
What's the minimum investment for that type of fund
?
Speaker 1 (19:15):
Yeah, so that one's for accredited investors and the
minimum is $50,000.
Speaker 2 (19:23):
And then what's the anticipated return?
Speaker 1 (19:27):
So we have an 8% press.
So I'm not sure if you have alot of experience with funds,
but we have an 8% press.
And then the targets we'rehitting about high teens for
overall returns Wow, interesting.
Yeah, yeah, I know it'sfascinating.
(19:47):
Yeah, it's a very fascinatingspace because what I love and if
you can kind of hear, as youhear, me walking through all the
things that I do, you couldprobably clearly recognize that
I love business and so what Ilove about the RV space, I get
to really take real estate, thecomponents of real estate, like
(20:08):
there's long term, short storeterm, you know hospitality
pieces, but you walk into an RVresort and it's like you have
you can walk into 10 differentbusinesses.
You know the ice maker making100 grand a year, the golf cart
rent maker making 100 grand ayear, the golf cart rentals
making 100 grand a year, theconvenience store, the liquor
store, the you know you've gotit's endless opportunities, you
(20:31):
know, just depending on how bigyou want to take it.
So I love that space, I lovethat we walk in and we go
immediately.
We are inheriting this manyemployees.
Where are the gaps?
How do we fix it?
How do we transition it?
And you know it takes a specialbreed of human.
I think that enjoys that pace,but I definitely do, so it's
(20:52):
cool, it's really neat.
Speaker 2 (20:56):
Love it.
Yes, I'm not familiar with theRV acquisition space, that's for
sure.
That's different.
Yeah, how did you get connectedwith?
Speaker 1 (21:05):
that like, oh my gosh , I love them.
Like you know, we just vibe sowell.
And we started working throughlike how, how can we work
together?
You know, and I kind of knewthe mission that they were going
(21:27):
to start going down and theyknew the mission that I had been
working on, and so we justreally aligned in what we were
looking to do and so we finallydecided let's come together and
work together on this.
And so it's been an it's beenan awesome journey so far.
Speaker 2 (21:42):
That's really cool.
Yeah, I definitely have been.
My interest has been piqued byRV parks.
My dad and I have talked aboutit, but I hadn't looked at it in
that large of scales.
Yeah, In like the resort sideof it more intimidating.
Speaker 1 (21:59):
Well, and that's yeah , we always say start with, just
you know, a park, just an RVpark, you know.
Start small because you canreally get in and and I mean
they're all over the place.
Like it's hard when you're notin it, you know.
It's like you know buying a redcar and then you see the red
car everywhere.
Right, it's like when you'renot really dived into it and
(22:21):
fully invested.
But now I'm like, oh my gosh,we get probably I don't even
know 20 deals a week to look at.
They're everywhere.
So I would love to help you ifyou ever like hey, I want to get
into this Definitely text me,call me or whatever, and we'll
all start working and crew it.
That might be an easier way togo.
(22:42):
Here's my 50 grand.
Go find me my little piece.
Well, I mean, that's always oneway for sure.
Then you see, operationally andall that goes into it, but on a
small scale.
If you and your dad ever wantedto get into it, I mean you
could find a small park.
I mean you could find a smallpark.
Just pop into you know, 500k, amillion dollar park adds
(23:08):
electricity, workforce, park,something that you know is just
utilized not so much forhospitality and get you know,
see if you like it, see if youhate it, you know.
But it's a good starting place.
Speaker 2 (23:16):
So well, we'll see.
My husband and I arepotentially looking at a mobile
home park right now, so we we'llsee my husband and I are
potentially looking at a mobilehome park right now.
Speaker 1 (23:27):
So we well, we'll see .
Yeah, I get a ton of those too.
Yeah, I mean it's gosh.
Yeah, their returns I mean youjust gotta.
You can't deny, you know, whenyou've got good returns, the
numbers are the numbers.
So that's why I lovemultifamily commercial assets,
that kind of stuff.
I never went down that path asan agent.
(23:47):
I stayed more with singlefamily and land, but as an
investor, that's the way to go.
You know, that's the route thatI'm like, heavily focused on.
Speaker 2 (23:58):
My husband and I just became investors with DLP
Capital last month, so with mostfamily housing fund, so now
we're getting ready to get ourfirst check.
Speaker 1 (24:11):
Hey, it's, it's.
Yes, that is so exciting.
We've got everyone startssomewhere and it really right.
It's like it just is helping.
You see that it's real, becauseit's like you hear these things
happening and you hear peoplebuying stuff this way and it's
that proof of concept, likebeginning of first distribution
tech.
Like now you go, ok, it's real,it worked.
(24:33):
I can do more, I can do biggerstuff, so that's awesome.
Speaker 2 (24:37):
And surrounded by other great people.
That's awesome and surroundedby other great people.
So that's, you know, the otherpart of it that we found
attractive, which is beingaround and immersed by even more
great people.
Yeah, it keeps getting better,so Awesome.
Speaker 1 (24:59):
Well, where can people find you if they want to
learn more or do what you'redoing?
Yeah, so my name, rinda Emick,is on all my social.
I am the one and only RindaEmick.
So R-I-N-D-A-E-M-I-C-K.
You can find me Instagram,youtube, facebook, all the
things and then you can alsolook at if you're interested in
the RV space, definitely go toour website,
(25:19):
buysomepeakventurescom.
That will give you all you needto know about the assets we're
acquiring, as well as how toinvest, if that was something
that you're interested in, orjust who we are as a team, and
reach out if you ever havequestions.
Speaker 2 (25:33):
That's great.
Well, hopefully we'll meet youat some point, maybe Cabo you
can come.
Speaker 1 (25:39):
I'm like maybe I should go to Cabo.
I know Treasure's like youshould come to the events.
So yeah, I do hope so too.
You guys are great, thank you.
Speaker 2 (25:51):
Thank you so much and we hope you have a wonderful
holiday season and yeah, we'llcatch you on the flip side 7-7-7
.
Speaker 1 (25:59):
Yeah, we'll get you back on after you reach your
goal yeah, I'll reach my goaland I'll text you like okay, I
reached it.
You guys?
Yeah, happy holidays to youguys too.
I hope you have an awesomeChristmas.
Thank you so much for having me.
Speaker 2 (26:13):
Thanks, raido, talk to you soon.
Bye.
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