Welcome To The Real Estate Underground Show #90!

 Join us in this episode as we chat with Flint Jamison from Vestus Capital. With almost a decade of experience in the aerospace industry, working for Boeing and designing the wing structure of the Boeing 787, Flint made a fascinating transition into real estate. After buying a successful duplex in 2018, he realized he needed to do more to secure his retirement. That’s when he discovered the world of syndications through a podcast and it changed everything.
 
 In this episode, Flint shares:

• Why he chose commercial real estate over the stock market.
• His interest in building commercial properties that resemble single-family housing communities.
• The importance of multiple exit strategies in syndications. 
• He also reveals the unique advantages of the built-to-rent approach and their business plan for selling units.

 We’ll also delve into the systems Vestus Capital has in place for capital raising. And if you’re interested in learning more about Flint and engaging with him, check out his company’s website at  www.vestsuscapital.com or simply visit investwithflint.com. You can also connect with him on LinkedIn at  https://www.linkedin.com/in/flintjamison.

Tune in for some valuable insights and an engaging discussion on real estate syndication with Flint Jamison!

Resources: 

• Website:  www.vestsuscapital.com or investwithflint.com 
• LinkedIn:  https://www.linkedin.com/in/flintjamison

 Additional Resources:

• Website:  https://www.clarkst.com
• Phone: (860)675-5800
• YouTube:  https://www.youtube.com/@clarkstcapital
•  Podcast:  https://bit.ly/3LzZdDx
•  LinkedIn:  https://www.linkedin.com/company/clark-st-capital
•  Twitter:  https://twitter.com/clarkstcapital1
•  Facebook:  https://www.facebook.com/ClarkStCapital
•  Instagram:  https://www.instagram.com/clarkstcapital

Speaker 1:
0:05
So the big question is this how are real estate investors who don’t have a ton of free time, don’t have access to off-market deals and didn’t start life on third base, how do we grow a real estate business conservatively to support our families, finally leave the corporate rat race and build a legacy? That is the question, and this podcast will give you the answers. I’m Ed Matthews and this is Real Estate Underground. This is the Real Estate Underground podcast show number 90. Greetings and salutations. Real estate undergrouders. Thank you so much for being here today. Yet another really cool episode. Turns out that we I kind of knew because of Twitter and LinkedIn and Yona Weiss, and we shared a lot of the same online friends, but somehow you and I had never met. Today’s episode is really about proof fact that it does not take a rocket scientist to actually be in this business. Well, sort of Gentlemen that we’re meeting with today. Flint Jamison is a real life rocket scientist who, thankfully, is taking the plunge and is now a full-time capital raiser. So Flint Jamison from Vest, is Capital. Thank you so much for joining us today. It’s good to see you.

Speaker 2:
1:29
Yeah, thanks for having me on and yeah, not rocket scientists, but I have designed wings on aircraft, so I don’t know.

Speaker 1:
1:39
You have built more aircraft than I have. How about that? Yeah, probably All right. So welcome to the show man. How are you doing?

Speaker 2:
1:46
I’m doing great. I mean, the economy is doing funny things for us. But you know what? It’s a little weird. As long as you keep going, there’s still opportunities, no matter what. So life is good. We got it out.

Speaker 1:
1:57
Yeah, I mean there’s a couple of projects I want to talk about, but one of the reasons I was so excited to talk with you was you had quite a bit of experience across multiple asset classes and you’ve kind of evolved over time. I know that you’ve done syndication, I know that you and our mutual friend Tony Torres have gotten into the build-to-rent world and I know that you’re raising capital. So for those folks that don’t stalk you on LinkedIn like I do, why don’t you tell them who you are and what your background is?

Speaker 2:
2:32
Yeah, so my background is as you alluded to. It is aerospace. I worked for Boeing for almost 10 years, designed the wing on 787 or parts of the wing. Then I got an MBA. I did some program management modifying aircraft for the Air Force, which is cool. We took normal commercial or biz jets and turned them into Air Force assets, which is cool. But, yeah, I was all part of the rat race and I decided you know what? And I was tired of the stock market. So in 2018, I bought a duplex. I birded by RehabRIT refinance repeat, it was okay, it wasn’t a successful bird, but it was successful enough that I didn’t lose money. But I realized after that I would need to do 50 more of those before I could just retire on real estate. And I realized the amount of capital and effort and it’s like when you’re in residential, you know as a flipper, even if you just buy a single family home, it’s like buying yourself a job. You’re buying yourself a part-time job, or, if you’re a flipper, it’s a full-time job, it’s a full-time job.

Speaker 1:
3:33
There’s no, do that yeah.

Speaker 2:
3:35
And I was like well, I mean, I have to do this 50 more times, I don’t know how long that’s going to take me all the capital. And so I fell into syndications because of a podcast I heard, and since that podcast I was hooked. I dove deeper and deeper, started getting educated and started finding partners, and then I was in. And in 2021, I had. My very first deal was a 23-unit in Aurora, Colorado, Just outside of Denver. Well, that one. I got my first failure out of the way. Let’s just put it that way I lost a little money.

Speaker 1:
4:10
We didn’t.

Speaker 2:
4:13
No, investors were hurting that deal, we had to back out. But our earnest money went hard. So I lost a lot of money. And then I was like, well, I learned a lot of things there. I didn’t have to pay for a mentorship program. I got full mentorship on that thing and it costs the same, which is the funny part. Pretty much right, yeah, my earnest money cost the same as a mentorship. So I doubled down and got some more coaching, figured out where my weak spots were, and then I found experienced partners to jump on board with. And it was just serendipity that I ended up becoming a capital raiser versus an operator, which I would have been on that project. It allowed me to be remote. It allows me to not have to travel a lot Like acquisitions, people travel a lot. So, yeah, so long story short, I became a capital raiser, partnering with experienced operators. So now the fun part is is I get the experienced operators in their niche. That’s who you want is the person that does the class B assets and Dallas, fort Worth, and that’s all they do, because I know best. But then you’re not diversified If that’s the only person you know. So then I go around and I can do self storage. I can do Augusta Georgia, so it’s actually it worked out really well for me.

Speaker 1:
5:30
And now I’m in Scorch.

Speaker 2:
5:30
Rent.

Speaker 1:
5:32
And so, yeah, and it’s got it. One of the things that I’ve kind of learned about you is that you got a wife and a couple of little kids, and that’s actually what spurred me to leave corporate America. As well as you know, my wife, patricia, turned to me one day. She’s like man, you just miss. It’s so much good stuff, and I was all over the world traveling for software companies. I’m a technology geek, not an engineer, but a self-professed geek and so the yeah, I mean thank God for real estate, because it basically rescued me from, you know, missing out on choral concerts and swim meets and dance recitals and softball games and all the other stuff and just not having to reintroduce myself to my children every Friday night, you know, because I’d been gone since last Sunday, right, yeah.

Speaker 2:
6:26
You know I saw a quote yesterday on social media that really hit hard. It was in 20 years from now, no one’s going to care that you work so many hours. But your kids, they remember, without a doubt, like and and you know it did flashback to. I remember my dad coming home it’s seven, seven, thirty o’clock, say every night, yep, dog tired, yeah. So I have a four and six year old and I now I work from home, I’m working for myself, I can be there on sick days, on home, I’m, I’m just right them.

Speaker 1:
6:56
It’s great, it’s amazing, and and you don’t miss a thing, right? I mean we’re recording this in in May and it’s peak softball season and the second you and I are done. I’m getting in the car to go watch my youngest go play softball, so right on, and it’s three o’clock here on the East Coast, so it’s you know, I mean, and and the best part about it is I don’t have a boss to say hey, I’m checking out early, I got to go right.

Speaker 2:
7:18
Yeah, that’s a good thing.

Speaker 1:
7:20
So so you know you are an aerospace engineer, so clearly you’re, and you have an MBA, so clearly you, you are really smart. So you probably could have invested in franchises or ATM networks or you know anything else. Still might. Yeah, you never know, right. But I’m just curious. You know what was the draw to real estate in specifics? You know, as far as an asset?

Speaker 2:
7:46
Yeah, I. So originally, before I got into real estate, I was trying to crack the code on stock market. You know you can listen to podcasts, just like real estate, yeah, and. But I was like I, I just don’t get it. Because the stock market is so volatile, you get someone who sneezes and the stock market drops, you get my best most recent example is Elon bought Twitter. Yeah, he bought Twitter right. Yeah, forget about that, anyway. So you got Tesla and he goes off and buys Twitter and Tesla stock drops right in commercial real estate and in businesses that aren’t publicly traded, their valuation is truly based on the revenue or the net operating income Right, just like commercial real estate on their value that they create, not they’re perceived, whatever someone you want buying Twitter all of a sudden kills the valuation of Tesla. It just makes no sense. So right like I got to get out of that. And then you always hear about yeah, my rich uncle, all he owns is real estate and he doesn’t work a day in his life. I’m like that sounds good, let’s try that. And that’s kind of what got me down this rabbit hole.

Speaker 1:
8:54
Okay, cool and so so let’s talk about your focus. You know what was the? What was the impetus to move from multi-family syndications to built a rent like what? What picture there?

Speaker 2:
9:09
So I’d like to be Opportunistic when it comes to things that make great sense. Yeah, back to what I was saying you always want to invest with the person that’s been expert in the niche, right. But there’s there’s a lot of experts in a lot of asset classes that make a lot of sense. And built to rent is as a new development product that’s being created, is Getting a lot of attention from institutions, like hundreds of billions of dollars of interest, but they don’t build. So we go out and we’ll build and they’ll buy it from us once we’re done. So we’re essentially building a commercial property that is that looks and smells a lot like a single family housing community with a nice pool, and it comes with a club house and all that, and it’s managed as a multi-family property, but the tenants live in their own single family house right, so they get the best of both worlds.

Speaker 1:
10:07
You know it’s. I think you were saying on a Yona Weiss’s podcast. I was listening to that and admittedly I was listening to Yona and you happen to be the guest, but I’m talking with him in a few weeks. That’s cool, but you know the the thing is is that it’s you know the huge advantages and because you know of the Millennials and their view on on ownership, and you know the economic reality that it’s cheaper to rent than it is to buy these days. Yeah, absolutely but you know that it’s presenting a huge opportunity and and I’ve learned from Tony Torres that you know not only can you create these and if you want to manage it for a few years and, you know, ride the cashflow wave, that’s wonderful. And then you know there are so many different exit strategies, yeah, you can utilize to. Then you know offload and and go take the next hill.

Speaker 2:
11:06
So yeah, you talk about that a little bit. Yeah. So I mean, in any syndication we always assumes Multiple exit strategies, because we’re assuming a sale in five years and no one has a crystal ball with the economy is doing, I mean, look with where we’re at now, yeah, but, and you always got to have that plan for multiple exit strategies and some of those could be well, we’re just gonna sit on it for a couple more years and wait to sell. Yeah, with built to rent, we have a little bit more options than you do with a Apartment building, because an apartment building, you, you sell it as a single piece. The goal for us and built to rent is to sell it as a single commercial property. If we have to, maybe we sell it off to you. I’d say the first step is sell them off. Sell off the homes individually, but maybe in tranches. So like, hey, there’s a, there’s a single family Investor who can buy five. You know, we sell them off in chunks or in tranches, yeah, and I say then you take a step further beyond that. Well, if that’s not the case, then we can just partner with the broker in town and they can sell off each of the houses to owners and we’ll establish a HOA community because all the amenities are there and there’s still a clubhouse. Sir You’d have a, there’d still be a really great community and we’re building nicer furnished houses with but the nice hard services granted countertops, a yes, clients is so no matter what, we can sell this property.

Speaker 1:
12:30
It’s just depends on what the economy is gonna drive us to yeah, and obviously there’s the institutional play right that we were talking about earlier. Yeah, which is a beautiful thing.

Speaker 2:
12:40
Yeah, that’s a option number one sell to the institution, clearly so.

Speaker 1:
12:45
So, in terms of the investment itself, when you are, let’s say, I’m an accredited investor and I’m looking to invest in your project, is it? How quickly are you selling? Is it? Is it you know it as soon as you’re done and all the units have been absorbed and stabilized, or are?

Speaker 2:
13:04
you there a whole bit, or yeah. So the business plan we’re we going conservative, as always On this? Let’s just say, for our fully Alabama asset it’s 160 homes we plan to be built in year three and then we’ll write it stabilized, so you’re four, and then sell I yeah, and so we’ll catch a little bit there. What we’ve seen most recently is what a lot of the institutions are actually coming in and buying you out early. I have a friend that had a massive 600 unit. I’ll tell you a couple of the stands here. There’s a 600 unit built to rent. They spent 18 months with entitlements and engineering. We’re about ready to cut dirt. They got two unsolicited offers. They had to take it Even though they were bummed. They put all that effort in and cut dirt, but they doubled their investor money in 18 months because the institutions came in unsolicited and said we want this and so then they contracted somebody else to build it but they wanted to own it. We are fully expecting to be given offers I mean we could be 50% built and given an offer that we can’t refuse or rewrite it out for the business plan. Or we take the business plan further, to where we cash out ReFi because the property is so valuable and cash flow positive that we just want to sit on it for infinite returns. So we could just cash out ReFi and say here’s your original investment back. Let’s just write this cash cow.

Speaker 1:
14:41
So how does a bank I assume it’s agency get so? How does Freddie Mac or Fannie Mae? How do they view the property? Do they view it like a multifamily or something else.

Speaker 2:
14:53
Yeah, they view it as commercial. Okay, yeah, and even then, in the build phase, we’re going for an Arbor construction loan. So it’s a commercial construction loan, got it? It’s fascinating. I’ll take that one step further, if you want to get this so what I’ve heard is so these financial institutions we talk about that are buying things out. So you have the big banks you hear of, and then you also have Blackstone and Blackrock. But what I heard is so Arbor I just mentioned as a construction loan. What I’ve heard is Blackstone or Blackrock is actually investing in Arbor. Here’s a chunk of money, go put this into Build to Rent, and then they’ll come back around on the back end and buy it. So they’re kind of infusing cash in the early stage and picking it up on the back end. So that’s Arbor being the middle man lender Coming and going, brilliant, yeah.

Speaker 1:
15:50
So ultimately they get the return for one fund and then they use a separate fund to buy it and then ride that cash flow. Yeah, that’s three-dimensional chess kind of stuff. That’s pretty cool, interesting. And so in terms of operating the business or the property itself usefully, for instance, obviously there’s no HOA in place, there’s the management team and that’s how you’re managing it. How difficult, say, for instance, if you decide, okay, we’re going to sell these off to the folks that live there, what is the process to converting that to a homeowners association? Because obviously there’s a vague on the every month that you’re paying.

Speaker 2:
16:39
Yeah, this is. That’s a great question that I don’t have an answer to. I haven’t been full cycle, nor has that played out in my world.

Speaker 1:
16:49
Yeah, that’s a good thing, though, because that means institutional guys are coming in and doing their thing right. Yeah, yeah, I mean I would imagine it’s part of the purchase and sale. Is that you’re establishing that? But I’m always wondering about that.

Speaker 2:
17:03
Yeah, I mean there would have to be some plan to phase people out as releases go and you’re establishing. Yeah, I’m assuming the established property manager would have to maybe play two roles there as an HOA, as things straight slowly transition and people. So I don’t know.

Speaker 1:
17:21
Yeah, good question. Yeah, I think we kind of figured it out. There’s a couple of hundred IQ points on this call, so I’m showing you real close. So and, by the way, it’s heavily weighted on your end, but that’s okay. So, in terms of your operation and capital raise, tell me about that, tell me about the systems you have in place, because I’m a technology guy, right. So I think, in terms of process, procedures, technology enabling and checklists, right?

Speaker 2:
17:53
This is, yeah, we could talk for hours. So, as an engineer who designed airplanes has no prior experience or knowledge in marketing and sales, and that’s what capital racing is right. On top of it’s a relationship human to human thing. But I, social media is kind of my number one marketing strategy. I have active campaign behind the scenes for my CRM, the website. Obviously it’s kind of a funnel, yeah. So from there, from investors investing in properties, use syndication pro as our portal.

Speaker 1:
18:34
Okay, all right Offline. I want to talk to you about that because we have a different tool and I want to ask you some questions about what you liked about it. But I won’t put you on the spot yeah. So, and in terms of your team right, I mean, you know capital raisers. I have a good friend of mine, margaret Koslark. You know she’s a capital raiser. Actually, you may know her.

Speaker 2:
18:54
Yeah, she’s another partner. I was actually talking to her. Yeah, now that I think about it, this world is small.

Speaker 1:
19:01
The cool part about being a capital raiser is you don’t need the expansive team that an operator like me needs, right? Yeah, I mean, I’ve got people to do everything, and when I don’t, I’m the guy that’s doing it. But I’m curious, what? From a sales and marketing perspective? You have an MBA, but not necessarily your wheelhouse, yeah, so how do you address that? What do you do? Do you run everything?

Speaker 2:
19:27
Yeah, as of this month, I now have a team of VAs. I have two VAs that are doing content. They’re helping me with content. Before that, I was 100 percent me and it just became too well-informed. It’s a lot, it’s far too much. Yeah, I continue to think about all the things that I should just be offloading to another VA and more and more VAs. Yeah, but yes, you’re right, we rely heavily on the primary operators to cover all the other bases, the acquisition, the asset management. I jump in and fuse, help, like with the BTR. I’m actually doing marketing and sales and website updates for them. Because, for those who don’t know, as in the SEC world we’re playing in, we cannot just be a capital raiser. We have to provide some sort of substantive. You got to have a role here. Yeah, another role. You got to earn your keep. I’ve done yeah, exactly, I’ve done asset management. I’ve done, now, marketing and sales and website updates, which is, if you had asked me four years ago, you’re going to be a marketing and sales and a website guy I would be like no way, you are out of your mind. Yeah.

Speaker 1:
20:47
Yeah, it’s just like me being a general contractor. I have the scars on my back from learning how to do that. I was a sales and marketing geek. What do I know about building anything? Yeah, that was what 13 years ago. I broke everything and made tons of mistakes and tried really hard not to make the mistakes twice, and sometimes I actually did.

Speaker 2:
21:12
You learn.

Speaker 1:
21:13
You just yeah, yeah. It’s like one of the things I was on Twitter the other day Somebody opposed what would you rather do? Would you rather go back to being five years old and start over knowing what you know? Today I’m 53, so that’s a whole lot of living, or we’ll give you a million bucks. Today I’m like, oh, I’d 100% go back, because now I know what I need to know. Yeah, by the way, I’d put 10K in Amazon and 10K in Apple in 1970. I’d put 10K in a later ride, but I’d start buying multifamily as fast as humanly possible. But it’s amazing, you don’t realize it until you take an inventory that you studied to get an MBA and I think you’re living it as we speak. I got mine by. I don’t have an MBA, but it’s fine because I had to learn how to do all this stuff, because you get a team on the ground and they’re like, okay, this has to be done. Who knows how to do it?

Speaker 2:
22:23
Okay, nobody knows how to do it. All right, I guess I’m going to do it.

Speaker 1:
22:27
You do your best to figure it out.

Speaker 2:
22:30
Yeah, to be honest, the School of Hard Knocks is the best educator I wholeheartedly agree with that.

Speaker 1:
22:37
You start to build your way too. There’s a voice there, especially in the sales and particularly the marketing world, that the only way you can create that voice, that value system, that perspective, is by trying stuff getting clunked on the head. Trying more stuff, ticking people off. Trying more stuff oh, that resonates. Okay, cool, we’re on the right page now, right?

Speaker 2:
23:03
So it’s interesting. Yeah, go ahead. I was just going to say the MBA in corporate world. It got me to where I got to. But full disclosure, I think everything I did up into life got me to what I’m capable of doing right now. But looking back, I could have gone into real estate without that MBA. I could have done so much earlier in life. Had I known to take this step earlier, I could be in a much once again. Would I go back? Yes, yeah you bet, even if I went back two years ago, I would have taken action steps sooner, because I was too afraid to just trying to learn everything when I didn’t need to learn everything. I’ve got a team in place, there’s operators, there’s people that are covering my weaknesses. So just take the action. One here’s advice for your audience Take action. Stop trying to know everything. Take action sooner, because it’s not knowable.

Speaker 1:
24:07
So, yes, but let go, and I’m a big fan of figuring out your highest and best use. So if you’re the web guy, then that’s what you do to add value to the operation, whether it’s yours as a operator or yours as a capital raiser and you’re filling a role within the GP. Yeah, you got to figure out where can you add the most value, right, right, and doing everything is not adding the most value, because I found that over the course of time, I had my hand in several different businesses and I realized not that long ago actually, it was less than a year ago that I was doing everything at about 80% capacity, and at 80% I suck at most things. So in order to be great at something, you’ve got to focus so I hear you on that and also be self-aware to know what you’re great at and what your gaps, which is huge.

Speaker 2:
25:11
And that could be some of the hardest part. And how do you backfill those gaps, because sometimes it gets hard to A delegation is one of the hardest things I learned in my career is finding and trusting somebody else to do something you think that you’re better at. In most cases, you’re not.

Speaker 1:
25:28
Yep, even if you are, it’s okay that they do it at 90% because that allowed you. Then, worst case, you’re the editor and that takes a fraction of the time. Best case, you learn to live with it and be like okay, 90% is actually still pretty damn good, so we’re going to move forward. The other thing I think value from an education perspective. I think undergrad, graduate schools, business schools. They teach you how to think and problem solve. No one taught you I assume no one taught you how to run a website when you were in college. No, right, no. But what they did say is okay, it’s how to break down. Who is the audience, how do I want to communicate with that audience? What do they need? And start to figure out what problem you’re trying to solve. And it turns out this problem you’re trying to solve is helping people get off the stock market roller coaster and make predictable income over the course of a long period of time, which is a beautiful thing. Yeah absolutely so. In terms of you and I have had similar mentors. We were going back and forth that we’re both Michael Blanc, dave O’Tayes and I’ve had other mentors Charlie Dobbins and others and I’m sure you have as well.

Speaker 2:
26:45
Absolutely.

Speaker 1:
26:46
I’m curious, and it was Charlie that said if you think you’re in the real estate business, you’re wrong. You are in the marketing business.

Speaker 2:
26:53
So it’s actually yeah, I was really fired up when you said that.

Speaker 1:
26:57
So, in terms of advice, the mentors that you’ve had over the years, I’m curious what was the best advice you ever got and who gave it to you?

Speaker 2:
27:09
Oh gosh, there’s such a long list.

Speaker 1:
27:13
No one’s listening, it’s okay.

Speaker 2:
27:16
Let me start off with I think my best advice is to you don’t have to go find an expensive mentor to learn syndication 101. What you should do is learn where you want to focus your expertise and go find a mentor that’s dedicated on that expertise. So, to give you an example, I went and found a capital raising coach. I spent a year with them and I realized it wasn’t deep enough. They got all my systems in place. It was great, but then I needed something more. I’m an engineer. My sales tactics suck. Now I have a sales coach and that is by far, probably one of the most powerful things that I’ve done is hired those very particular coaches. However, to answer your question, this was just last week, I think. So we all have that voice in our head we’re struggling, you’re not good enough, you don’t have what it takes Right. It’s just a constant battle. And if you have that battle, it’s okay. You’re human, yep, but we have to figure out how to battle it. And she wrote me a note over chat on Zoom that I had to hang up on my wall and I’ll read it for you. It says you never grow small, you always go big. That is your gift and you have done tons of big things. You will do this. Grab on your accomplishments and let that give you some peace. Oh my God, I love that. And she just like because I was having this. This was part of a mastermind group where we’re like you know, talking about our challenges. And she just slapped that in the chat and I’m like I cannot believe you just gave me that this is cool.

Speaker 1:
28:57
Yeah, that’s unbelievably profound and spot on accurate, right. Yeah, yeah, that’s amazing. So who gave that to you? Can you disclose the name?

Speaker 2:
29:11
I can. Her name is Tesshra Robles. She’s up in. I think it’s Cordeline Idaho she is. She’s not real estate she. Okay. So I have two coaches right now. I have a sales coach and I have a high performance coach, which is more mindset, you know, figure your life out right Beyond it, just business. And she’s part of that group and she is actually now a business consultant for small businesses in her area. But I mean, every time we talk, she’s always throwing nuggets at me that I absolutely love, that’s very cool, all right.

Speaker 1:
29:48
So you know one of the things that I’ve noted about a lot of the folks that we have on the show and you know past lives, you know the executives that I worked with and for you know leaders tend to be readers, right, and so I’m curious about you know, first off, how do you take in information? You know whether the audio books or you know physical books or podcasts or YouTube videos or whatever. And, yeah, and, and I’m also curious, you know, because I want to know, because I want to add to my reading list, who are you paying attention to these days?

Speaker 2:
30:24
Oh gosh, my reading list is so long. So I got into this by listening to podcasts, as I was saying, and I was walking my dog every night after the kids went to bed and I would digest podcasts and started out with bigger pockets. Yeah, then I ended up Michael Blanc, and then, after a while, I just got an OD on podcasts, right, right.

Speaker 1:
30:48
And.

Speaker 2:
30:49
I don’t know, but I was like I got a stuff with podcasts and go to books. And then the number of book recommendations in our world is just Illuminous. Stupid yeah, and I’ve got a whole list on my whiteboard here, but right now I’m listening to Infinite, the Infinite Game. Is that the? Is that the? By Simon Sinek.

Speaker 1:
31:15
Oh, yeah, okay, I have not read that.

Speaker 2:
31:18
Oh gosh, I mean I’m in chapter three. I’m like this is pure gold. Yeah, I think one of my favorites is the Go-Giver. It’s one, it’s not a. The fun part about that book is it’s a mindset, but it’s based around just some fictional story to help you think differently. I thought it was just a phenomenal book on how to think through life, but yeah, I mean I heard zero to one. Peter Thiel is something that from a business perspective.

Speaker 1:
31:48
I have read that one. Yeah, I recommend Shoe Dog as well, that’ll change.

Speaker 2:
31:52
Oh, I do have that. Yes, yeah, that’s outside, that’s the Nike one.

Speaker 1:
31:55
Right, that is, it’s Phil Knight. Yeah, yeah.

Speaker 2:
31:58
Okay, that is actually downloaded on my phone. But yeah, cool, all right Well it’s on the list, right. Yeah.

Speaker 1:
32:04
Yeah, awesome. So so, as far as you know, when you look back on and we kind of touched on it. But I want to unpack a little bit. You know, if you had to do it over, okay, I’m going to wave a magic wand and I’m going to let you go back and be five years old again. You know, what would you do differently in terms of kind of where you are in your journey?

Speaker 2:
32:31
Gosh, I think the whole aerospace career I had was a pursuit of passion. I love airplanes. I think to a certain extent, when you’re in that world and you’re fighting the day-to-day grind, it doesn’t feel like a passion anymore. It’s just right Again, just working a ton of hours on this tiny little corner of the project. I think around the MBA days I got my MBA thinking I was going to go do a startup company okay be an entrepreneur, but I never really found out what I wanted to do. So I ended up going and working in a small business and helped another friend with his business, and then I ended up becoming a program manager at a bigger company. So I think back, dialing back then where I was getting my MBA. If I had known about this real estate thing and solid entrepreneurship, that would probably be the path I would take, because I think my growth between the NBA actually in 2014 and the next six, seven years of corporate my personal growth wasn’t that much. I was just doing the same thing. And here I’m in a totally different financial world. I’m closer with my family, I’m a lot happier, I’m a lot less stressed. It’s just a totally different life perspective than a standard. Go get a job and work all day.

Speaker 1:
34:05
And work for 50 years and die For 50 years.

Speaker 2:
34:08
Yeah.

Speaker 1:
34:08
Yeah, I hear you All right. So, hey, Flint, I’ve really enjoyed this conversation and I’m again grateful for your time and your insights. So let me ask you when you are not talking about real estate, what else do you like to do?

Speaker 2:
34:23
I’m in Colorado, I love to ski, I love the mountain bike, I’m outdoors yeah, I love to go backpacking into high alpine lakes and fish, so it’s great. Actually, last year, this was kind of fun. I hiked to the most remote campsite in Rocky Mountain National Park Really, which was, and it’s actually off trail, which is you normally don’t hear about that being like an allowed thing. This is. It’s a truly designated campsite with no trail to it, so you have to bush whack. It was. It was epic, because not too many people get that far back in the park and those fish were biting all day long. So you’re a flyer fisherman or, yeah, we were a fly fishing. I do both. I’m not a good flyer fisherman, but I go with people who are really good and they hand me really good equipment and just say, here, flint, and then I catch fish.

Speaker 1:
35:13
So yeah, there you go. Well, there’s a reason why they call it fishing and not catching, right? Yeah, yeah, it really has nothing to do with the fish.

Speaker 2:
35:20
Right, yeah, that time we were catching, we were catching all day. Okay, that’s awesome, that’s awesome.

Speaker 1:
35:26
So, flint, if somebody wants to learn more about you or Vestis Capital or anything else you have going on, you know what’s the best way to reach you and yeah, there’s.

Speaker 2:
35:35
there’s two things. One, my company, is Vestis Capital. If you can’t remember Vestis Capitalcom, you can just type in investwithflintcom and it’ll take you right there. If you want to engage with me, see my content. Linkedin is great, so it’s just forward. Slash Flint Jamison.

Speaker 1:
35:54
Okay, awesome. So, flint, thank you so much for your time today. Good to see you, my friend. Yeah, and I’m pretty sure we’re going to be on a Zoom call pretty soon because, like I said, I just talked to both your partners and didn’t realize you were part of that whole thing like a week ago about a project we have going on, so very cool, perfect, so welcome and thank you and good to see it.

Speaker 2:
36:18
Yeah.

Speaker 1:
36:21
Thanks for your time today. This has been the Real Estate Underground podcast, a Clark Street capital presentation. Thanks for joining us. If you’re enjoying the show, please remember to subscribe and share it with your friends. If you’d like to learn more about Clark Street Capital and our upcoming projects, please join our investor club at clarkstcom slash join Until next time. Happy investing.