Infinitely long mortgage is kinda like renting, except it’s tax deductible. Why does the US system penalize you if you don’t want to own your home?

I think it’s extremely bad that masked men without license plates are abducting people off the streets and I give exactly zero fucks about losing a client over that opinion

JUST IN: Florida & Texas real estate prices projected to soar, as NYC sees exodus of up to 1 million people.

Sharing this here. This was my reply to this Jesse guy. 1. The price paid cash up front (something like 21 or 22m). 2. Then I personally was given a bunch of stock as talent (I was hosting MFM and The Hustle was, in part, my personality). 3. Also, some key employees got stock deals too. 3. The stock went up a ton as it vested, but even if it didn't go up, I don't think that's part of the total sum of $40m+, just the base number (but i'd have to do the math). 4. We were also given a contract that was all performance to continue hosting the pod. Originally, that contract was decent. But as the podcast exploded, it was a lot more. If you say that was part of the The Hustle deal (but it'd also be fair to say that was separate talent contract and not part of The Hustle deal), then it changed things a lot. I don't reveal that as I'm not the only party involved. The #4 part is still in action, so it could be a lot higher (or lower, as its all performance). But assuming the pod does NOT grow and stays constant...the total price of all the things above combine to that $40m number, which is what i said in that post. I can prove it all to you, if you'd like. But frankly, I think you're a punk and don't want to talk to you. You've contacted me before. You said you liked me and listened to my content. Then you try to call me out here to look cool. Like dunking on the cool kid as it'll get you points, which I'm not the cool kid but podcasters are easy to mock because we put ourselves out there. And then on this very thread you said you don't consume my content to add to the narrative of "f this sam guy, he sucks!". I'm a very flawed person, not doubt about it. But I work so hard to be a stand up guy and serve others. And being polite to me and my business partners in private, but trying to tear my down in public to gain cool points -- its so low character. I'm a person and you trying to hurt me when I can prove all of this AND you speak nicely to me in private, well, it brings me down and hate twitter.

100 investors put $100M into Texas Opportunity Zone deals with us. Every one followed the same path. Here’s how the Savoy OZ flywheel works — from day one to year ten: The Starting Gun An investor sells something...a business, stock, or property. They face a $1M capital gain and a six-figure tax bill. They have 180 days. Not to panic. Not to write a check to the IRS. 180 days to put that gain into a Qualified Opportunity Fund and start the clock on something better. The Structure (Stay With Me) We take their capital and put it into what the IRS calls a Qualified Opportunity Zone Business. Terrible name. Sounds like we’re funding donut shops. We’re not. A QOZB is a structured LLC that lets us do ground-up apartment development or total renovation in OZ neighborhoods. That’s our lane. Savoy has spent 13 years building, renovating, and operating Texas apartments through every market cycle. We’ve gone full cycle on 25+ projects. We own 25+ more. We’ve built the lender relationships, city partnerships, and trade networks that make complex projects work. No gimmicks. No preferred equity. No mezzanine debt. Just real apartments built for the long haul. The Math Take a $20M project: $8M OZ equity from investors $12M senior debt from a regional bank We document everything from day one: entity formation, working capital plans, improvement budgets, audit trails. In OZ investing, good documentation = good compliance. Good compliance = no surprises in year nine. Years 1–3: The Build We build, lease, and stabilize the property. Every dollar spent on construction is tracked and capitalized, proof that we met the IRS “substantial improvement” test. By year three or four, the property is stabilized, cash-flowing, and serving new residents in a revitalized neighborhood. If we underwrote well and picked a good location, the property is worth more than it cost us to build. At that point, it’s placed in service. This Is Where It Gets Interesting Two things happen at stabilization: Cost Segregation We pass through depreciation losses (passive) to our investors, often around 65% of their initial investment, which can offset other passive income. Refinance The property that cost $20M to build might now be worth $25M. We refinance at 65% LTV through Fannie or Freddie — that’s a $16M loan on a $25M valuation. Our investors get $4M back — half their original equity, returned in just a few years. Tax-free. The Flywheel Starts Spinning Those refinance proceeds can be distributed tax-free or redeployed into more OZ deals, still no taxable event, as long as the structure stays compliant. Refinance. Reinvest. Repeat. The stabilized property, with its new fixed-rate financing, throws off quarterly distributions. Year 10: The Exit After 10 years in the OZ structure, something powerful unlocks: Investors pay zero capital gains tax on the appreciation when we sell. Zero on the building’s growth. Zero on depreciation recapture. If that investor used cash-out refi proceeds from Project #1 to fund Project #2? That second exit is also tax-free. The Timeline Current rules let investors hold OZ assets through 2047. Proposed OZ 2.0 legislation extends that window even further. That’s decades of tax-free growth, refinance opportunities, and generational wealth creation — all tied to real assets that make neighborhoods stronger. What We Do Savoy handles the formation, filings, tracking, and compliance. But the operational reality underneath makes it work: We build what we own. We manage what we build. We hold for the long term. Our vertically integrated platform (development, construction, management, and asset management) keeps every decision aligned with one goal: outstanding returns from long-term-hold Texas apartments. The Bottom Line Opportunity Zones reward investors who play the long game. Most people heard about OZs in 2018 and wrote them off as a tax gimmick. But the math works. The structure works. The timeline works. We are proving it with 100+ investors, $100M+ deployed, and 13 years of Texas apartment experience driving the results. The key is to treat it like what it is: a 10-to-30-year compounding machine for patient capital, not a get-rich-quick scheme. If you’re sitting on a capital gain and wondering what to do in the next 180 days: Don’t pay the tax. Play the long game, with people who’ve been doing it for decades.

OTD in 1997, Edgar Renteria delivered the @Marlins their first #WorldSeries title in heroic fashion!