In this episode, we chat with Sam Wilson, the founder and CEO of the Bricken Investment Group. Sam discusses his focus on the laundry space and the reasons why he believes it is a cash-flowing, recession-resistant business. He explains the process of acquiring and renovating laundromats, including removing quarters as a payment method. Sam also shares his strategies for finding and communicating with investors and the expected returns and reporting frequency for his investment opportunities. Overall, Sam emphasizes the importance of cash flow and the long-term potential of investing in laundromats.

Listen To The Podcast Here 

Watch The Episode Here 

What’s Covered In This Episode

  • Shift in Focus to Laundromats for Steady Returns
  • Strategic Value-Add Approach in Laundromat Investments
  • Local Beginnings Lead to Strategic Geographic Expansion
  • Direct Communication Keeps Investors Engaged and Informed
  • Consistent Cash Flow: The Core Investment Objective

Connect with Sam:

  • Website: https://brickeninvestmentgroup.com/

Resources 

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Read The Transcript Here

Trevor Oldham (00:01.518)
Hey everyone, welcome back to the REI Marketing Secrets Podcast. Today on the show we have Sam Wilson. Sam is the founder and CEO of the Brickin Investment Group. He’s been an active investor for more than a decade in self-storage, parking, multi-family apartments, single-family homes, RV resorts, and laundry facilities. Sam also has a diverse background in business ownership and management, allowing him to participate in a variety of asset classes.

His current focus is presenting nationwide investment opportunities for personal and investor portfolios. Sam, super excited to have you on the show today.

Sam Wilson (00:37.268)
Hey Trevor, thanks for having me man, I certainly appreciate it.

Trevor Oldham (00:40.318)
And Sam, for our audience out there who might not know of you, we went through all the different sort of asset classes when introducing you. Is there a specific asset class that you’re focusing on right now or are you still in that multifamily, the RV, the laundromat? Just curious what that looks like. Yeah.

Sam Wilson (00:55.636)
Yeah, that’s a great question. I don’t know that there’s any… I think every asset has its own particular time when it makes sense. And depending on what your strategy is, I guess that’s up to you to determine. So that said, I love what we’re doing in the laundry space right now. It makes sense to me. And that is where our sole focus is. And it’s just a…

Trevor Oldham (01:00.814)
I think every asset has its own particular time when it makes sense.

you know depending on what your strategy is that you know I guess that’s up to you to determine so that said you know I love what we’re doing in the laundry space right now it makes sense to me and that is where our sole focus is and it’s just a buying acquiring renovating and owning laundromats for the long term

Sam Wilson (01:20.812)
buying, acquiring, renovating, and owning laundromats for the long term. I mean, it’s one of those things that’s a cash flowing, inflation resistant, recession resistant business. I don’t know where we’re going economically. I don’t really care, to be honest with you, because we have a business that serves a basic human need, which is clean clothing. And so going long in that just makes sense to us right now.

Trevor Oldham (01:26.574)
I mean, it’s one of those things that’s a cash flowing, inflation resistant, recession resistant business. I don’t know where we’re going economically. I don’t really care, to be honest with you, because we have a business that serves a basic human need with this clean clothing. And so going along in that just makes sense to us right now. And for the laundromats that you’re purchasing, are they in your local area? Are you going nationwide? What does that look like?

Sam Wilson (01:48.98)
Yeah, you know, this is a very hands on business. So it’s something that you start in your backyard and then you expand out from there, which is exactly what we’re doing. So we have purchased everything that is on market and or off market that we can get our hands on, you know, within the greater Memphis area and other stores will come up over time.

Trevor Oldham (01:49.31)
Yeah, you know, this is a very hands on business. So it’s something that you start in your backyard and then you expand out from there, which is exactly what we’re doing. So we have purchased everything that is on market and or off market that we can get our hands on within.

greater Memphis area. Other stores will come up over time, but then expanding beyond that, heading east across the state of Tennessee is where we are right now. We’ve got a project in Jackson, Tennessee, which is about an hour from here. And then we’re planning a flag in middle Tennessee right now, which is great. We’ve got our first store live there in middle Tennessee right now. It’s about three and a half hours away. But yeah, it is something that we are scaling across really the state of Tennessee at present. Yeah, that’s awesome.

Sam Wilson (02:10.048)
But then expanding beyond that, heading east across the state of Tennessee is where we are right now. We’ve got a project in Jackson, Tennessee, which is about an hour from here. And then we’re planting a flag in middle Tennessee right now, which is great. So we’ve got our first store live there in middle Tennessee right now. It’s just about three and a half hours away. But yeah, it is something that we are scaling across, really the state of Tennessee at present.

Trevor Oldham (02:36.876)
you’re in your state but also going out a couple hours north, south, east, west, not going like Tennessee to California. But with these laundry mats that you’re purchasing, and I think of multifamily where maybe it’s a heavy value add, when you’re coming in and purchasing these laundry mats, how are you improving the current laundry mat? Are you making it? Is the technology becoming better? Are you offering additional services? What does that look like?

Sam Wilson (03:02.852)
That’s a great question. Yeah, across the board. I mean, you’re buying stores that are generally legacy owned. They, and by that, I mean, you know, 10, 20, 25, 30 year ownership of a store. And you know, I’m 42 right now. And so when I’m 67 and you look at me and say, hey Sam, do you want to retool your stores and run these for another 25 years? My answer is going to be no. I don’t.

Trevor Oldham (03:06.83)
I mean, you’re buying stores that are generally legacy owned. They, and by that I mean, you know, 10, 20.

Trevor Oldham (03:16.427)
of a store and you know I’m 40.

Sam Wilson (03:29.704)
And that’s the same thing that these sellers are running into. They’ve their owner operators. Generally they own one, two stores tops. They don’t want to, uh, invest the capital or the energy into retooling them. So yeah, we go by retool. I mean, we just, we do full gut rehabs. So we go in your, your value in these stores lies in the infrastructure, the plumbing, the water heaters, the HVAC systems, all your mechanicals, all that stuff, if it’s laid out properly.

Trevor Oldham (03:49.876)
The plumbing, the water heaters, the HDAC systems, all your mechanicals, all that stuff, it’s laid out properly. And that can be a really expensive undertaking to do. And even at a shell, that can be an expensive undertaking to take on. So you’re buying basically that when you’re buying these stores. And just the fact that they’ve been a fixture in the neighborhoods for however long. And then we go in and do a full rehab. And it’s going to include brand new equipment. It’s going to include new payment systems. It’s going to include no more quarters.

Sam Wilson (03:56.908)
And that can be a really expensive undertaking to do. And even at a shell, that can be an expensive undertaking to take on. So you’re buying basically that when you’re buying these stores and just the fact that they’ve been a fixture in the neighborhoods for however long. And then we go in and do a full rehab. And it’s going to include brand new equipment. It’s going to include new payment systems. It’s going to include no more quarters. For those of you who know the term coin laundry, that is something we are.

Trevor Oldham (04:20.076)
For those of you

Sam Wilson (04:26.508)
very, I don’t know the right word I’m looking for here, but adamantly getting rid of, which is quarters and laundromats. It makes no sense in today’s day and age to take quarters. It’s both costly, it’s time consuming, you’re emptying machines, they get jammed, they get stuck. And to be honest, I mean, the cost of doing laundry is just going up. I mean, some of our machines can be 11, 12, $13 to start for some of your really big, big equipment. And…

Trevor Oldham (04:26.81)
very, I don’t know what I’m looking for here, but adamantly getting rid of, which is quarters and laundromats, it makes no sense. In today’s day and age to take quarters, it’s both costly, it’s time consuming, you’re emptying machines, they get jammed, they get stuck. And to be honest, I mean, the cost of doing laundry is just going up. I mean, some of our machines can be 11, 12, $13 to start for some of your really big, big equipment.

Sam Wilson (04:56.128)
What’s that 48 quarters like who wants to put 40 quarters in a machine? So payment systems is another big area that we’re improving across the board. I mean, we’ve had stores we bought that didn’t even have phone line like that far back where it’s like, can you call the store? No, like, okay, we can solve that. We can at least get a phone line in there. So yeah, a lot of different things that we do, but there’s, there’s about a 10 step process that we go through start to finish to make sure we bring these stores up to a 2024 standards.

Trevor Oldham (04:56.624)
that 48 quarters, like 48 quarters of a machine. So payment systems is another big area that we’re improving across the board. I mean, we’ve had stores we’ve bought that didn’t have a phone line, like that far back, where it’s like, can you call the store? No, like, okay, we can solve that. We can at least get a phone line in there. So yeah, a lot of different things that we do, but there’s about a 10 step process that we go through, start to finish, to make sure we bring these stores up to the 2024 standards.

Trevor Oldham (05:26.584)
like self storage units. There’s so many mom and pop operators within that space where no technology. I know when I was moving out of my apartment into a house there was about a two month gap there and had to put a lot of stuff in storage and it was very, you know, there’s really no technology. There’s more you call them and they tell you which unit, send them a check by mail. There was no sort of automation. It seems like it’s similar to that in the laundromat space where it’s you get these few operator, I wouldn’t call them operators. Your few mom and pop maybe they own.

one or two of these facilities, maybe they own one or two laundry mats, and they don’t bump up prices, they don’t adapt with the time, so it definitely seems like there’s great opportunities in the laundry mat space, and I really like it, just from a cash flow play going forward when you’re looking at the investment where, yeah, you’re coming in and you’re doing, potentially your value add, but it’s not so much, I feel like it’s as big of an overhaul as it is coming in and renovating 250 units of a multi-family complex. You know, you gotta bump up the rent.

Maybe you’re going from 1,500 a month to 1,550 to 1,600. People move out, maybe you have to evict people, however that may be, where I feel like when it comes to laundry, if you’re bumping it up, say a dollar, two, three, four, that’s not gonna affect someone as much as a nice six, seven hundred dollar a year increase on the multifamily side. But let’s say someone’s listening to this podcast and they’re like, Sam, this sounds great. Interested in investing in laundry mats. How do you find those investors

You know, is it going out there on podcast? Is it guesting? Is it having your own podcast? Just curious what that aspect looks like when you do find these deals and you’re like, hey, I need to bring on some additional investor capital to continue to fund these deals.

Sam Wilson (07:03.408)
Yeah, so we’ve had a pretty good investor base for several years now, raising capital across a lot of different asset classes. And so that’s probably the first thing we do. Yes, having my own podcast helps. Coming on podcasts like yours is also very helpful because everybody has their own kind of unique listener base, which I think is helpful. So that’s really primarily it. And just staying in front of people with a newsletter. We did a weekly newsletter.

Trevor Oldham (07:06.434)
good investor base for several years now raising capital across a lot of different asset classes and so that’s probably the first thing we do. Yes, having my own podcast helps coming on podcasts like yours is also very helpful because you know everybody has their own kind of unique listener base which I think is helpful. So that’s really primarily it and just staying in front of people with a newsletter. We did a weekly newsletter.

Sam Wilson (07:32.556)
Oh, for the last three years, I think it’s been. And just this year, we’re actually moving that to a monthly newsletter, just because of some strategic things that we’re doing on that front. It just said, man, we’re going to we’re going to slow down that communication from us, not even communication. It’s just it’s just a it’s just a warm keeping touch with people across the board. And our news, I was actually really well read. I think, you know, what was our response? Our open rate was like 60 percent.

Trevor Oldham (07:33.586)
Oh, for the last three years, I think it’s been just this year. We’re actually moving that to a monthly newsletter just because of some strategic things that we’re doing on that front. It just said, man, we’re going to we’re going to slow down that that.

that communication from us, not even communication. It’s just a warm keeping touch with people across the board. And our news was actually really well read. I think, you know, what was our response? Our open rate was like 60%, which is really high. For a newsletter, I think 10% is good for most people that are sending out email newsletters. So one of the things we did on that front that was really helpful is just keeping it real. We just kind of tell people, you know, there’s, we call it edutainment, you know, where there’s the education component

Sam Wilson (08:01.88)
which is really high for a newsletter. I think 10% is good for most people that are sending out email newsletters. So one of the things we did on that front that was really helpful is just keeping it real. We just kind of tell people, you know, there’s, we call it edutainment, you know, where there’s the education component piece where we’re actually giving value, things to think about, here’s what we’re doing, here’s what we’re seeing, here’s mistakes we’ve made. But at the same time…

Trevor Oldham (08:20.068)
piece where we’re actually giving value things to think about here’s what we’re doing here’s what we’re seeing here’s mistakes we’ve made but at the same time also giving just kind of some personal insight you know hey this is without being too personal you know because i think some of these letters you wind up reading you’re like yeah i really don’t care about how deep the snow was on your ski trip but thanks um so you know just trying to find that balance and keeping it keeping it authentic i think has been something that’s been really helpful so all of those channels are

Sam Wilson (08:27.336)
Also giving just kind of some personal insight, you know, Hey, this is without being too personal, you know, cause I think some newsletters you wind up reading. You’re like, yeah, I really don’t care about how deep the snow was on your ski trip. But thanks. Um, so, you know, just, just trying to find that balance and keeping it, keeping it, uh, authentic, I think has been something that’s been really helpful. So all of those channels are active ways that we probably engage with our investor base right now.

Trevor Oldham (08:53.831)
act in ways that we probably engage with our investor base right now. That’s awesome and definitely 60% open right. That’s pretty phenomenal. It shows that you’re doing something right. But now you have the people there, let’s say subscribe to this monthly newsletter, they’re listening to the show, they’re hearing on another podcast, even your own podcast. They’re interested in working with your company. What does that process look like? Are you having that investor call? And then once you’re having that investor call, what is that sort of…

process look like? Are you talking to anyone from someone that says, hey, I heard that Sam on this podcast, he’s this laundromat guy, I wanna go talk to him to your more institutional or maybe your family office investor that has, say, five, 10 million to invest with you. How does that sort of look like from a prospective investor basis when it comes to having a potential call with your company? It’s super easy. You can book calls right on our website. That is pretty much.

Sam Wilson (09:41.904)
It’s super easy. You can book calls right on our website. That is pretty mindless. There’s a scheduling link. You’ll get lots of opportunities to schedule a call directly with me, which is the way we have it structured right now at some point in the future. There may be an investor relations person, but I kind of like having those phone calls with investors. So that’s part of the business I hang onto. I hire out a lot of the other day-to-day management operations, all those things are run by other team members. But

Trevor Oldham (09:47.406)
There’s a scheduling link. You’ll get lots of opportunities to schedule a call directly with me.

which is the way we have it structured right now at some point in the future, there may be a investor relations person, but I kinda like having those phone calls with investors. So it’s something that’s part of the business I hang on to. I hire out a lot of the other day-to-day management operations, all those things are run by other team members. But I do still enjoy talking to investors. You get lots of opportunities there at bric You start working your way through the material,

Sam Wilson (10:11.74)
I do still enjoy talking to investors. You’ll get lots of opportunities there at bric You know, you start working your way through the material, downloading our downloads, the stuff about the fund, the spreadsheets, all that stuff, and you’ll get lots of opportunities to schedule a call.

Trevor Oldham (10:22.448)
the stuff about the fund, the spreadsheets, all that stuff, and you’ll get lots of opportunity to schedule a call. Yeah, that’s awesome that you’re still doing the investor relations aspect of it. I would say not too many companies I’ve come across do it, and it is nice to speak to the person that’s directly putting these deals together and finding these investors. So that’s definitely great to hear. Let’s say someone, they have, I don’t know, say 25K in the bank, and their minimum investment, and don’t quote me on this, but let’s say your minimum investment is 50K.

and maybe they need six months, maybe 12 months to ramp up, but they’re like, yes, this is exactly what I want to do. How do you manage that communication ongoing with that investor? Is it just sending them touch points like that monthly newsletter? How does that aspect look like when it comes to just staying in contact with those investors they want to invest, but maybe they just don’t have the money quite right now? Yeah, that’s it, man. I mean, the monthly newsletter will be a, it is.

Sam Wilson (11:12.656)
Yeah, that’s it, man. I mean, the monthly newsletter will be it. It is reading that, staying open. That’s where we send out deal updates. That is where you just kind of get the lowdown on what it is that we’re working on and why. And from that point forward, it’s something that if there is a present opportunity to invest, that’s a place where you’ll see it. So it’s easy enough to figure that out. Also, Trevor, I’m pretty old school. It’s…

Trevor Oldham (11:18.278)
It is reading that stand open. That’s where we send out deal updates. That is where you just kind of get the low down on what it is that we’re working on and why. And from that point forward, it’s something that if there is a present opportunity to invest, that’s a place where you’ll see it. So it’s easy enough to.

to figure that out. Also, Trevor, I’m pretty old school. It’s, you know, before long, you’ll have my cell phone number and people, I would, 99% prefer to just pick up the phone and call me. Don’t text me, don’t email me, just call me. And I’ll answer the phone. It is, I don’t mind that one little bit. So that’s another thing that, it’s just the way I operate. So, you know, those are things that you’ll see via the newsletters and whatnot. But again, you’ll find my phone number pretty easily. And,

Sam Wilson (11:40.608)
you know, before long you’ll have my cell phone number and people, I would 99% prefer people just to pick up the phone and call me. Don’t text me, don’t email me, just call me. And I’ll answer the phone. It is, I don’t mind that one little bit. So that’s another thing that, it’s just the way I operate. So, you know, those are things that you’ll see via the newsletters and whatnot. But again, you’ll find my phone number pretty easily. And that’s also an easy way to get ahold of me and find out what’s going on.

Trevor Oldham (12:06.896)
that’s also an easy way to get ahold of me and find out what’s going on. Yeah, that’s awesome. That’s definitely nice having that direct line of communication. I know there’s been so many times talking to potential sponsors where I have follow-up questions. Maybe I’m talking to the investor relations person and they take a week or two to get back with me. Sometimes it’s even taking, we’re talking simple questions. Maybe if it’s more of a complex question, at least acknowledge me. And it’s crazy to me because if I’m investing 50K,

in a deal and you’re already taking a week or two to get back to me and that’s not even me giving you my money yet, what’s my expectation gonna be once I do invest with you? Am I gonna hear from you after a month if I have a question or something like that? So it’s nice to know that you had that direct line of communication with you. But with that said, once someone has invested in one of your deals.

How often does the reporting come through? Is it monthly reporting? Is it quarterly reporting? And what does that look like from a performance standpoint? Is it going over the new upgrades? Is it going over the new facility? What does that sort of look like from someone that’s pulled the trigger, they’ve invested in your deal from just a communication standpoint? Yeah, same story. It’s still a monthly investor update. So you’ll get that every month. Try to get it out in the first week of the month so that you can see kind of what we’ve done the previous 30 days.

Sam Wilson (13:14.364)
Yeah, same, same story. It’s still a monthly investor update. So you’ll get that every month. Try to get it out in the first week of the month so that you can see kind of what we’ve done the previous 30 days. Your financials will come out quarterly. So expect that every 90 days, you’ll get your financials from the previous quarter. What it begs to be, yeah, you’re going to be end of quarter. So you’ll get financials first of February for the last quarter of, you know, 2023.

So that’s kind of the way we handle communications on that front.

Trevor Oldham (13:46.946)
Yeah, that’s awesome. That’s great to know for someone that’s really interested in investing with their company, but from a financial standpoint.

What does it look like when someone invests in laundry matches? Is it like a 7-8% preff? Is it 10-14% IRR? Is it monthly distributions? Quarterly? Is it more value-wide where maybe it might take a year to get those distributions? Or is each dealer fund that you put together a little bit different than the other one? Yeah, I mean, so for the exact fund-specific splits and things like that, I just encourage you to go to our website, download the PPM.

Sam Wilson (14:14.372)
Yeah, I mean, so for the exact, you know, fund specific splits and things like that, I just encourage you to go to our website, download the PPM. You could read through all that stuff. You can call me as well. And we can talk through some of the details on kind of how our current fund is set up. You know, one of the things to know about laundry in general, and especially anything that’s heavy value add, which I’m going to put this, I’m going to put this in the heavy value add category because we’re buying stores that are kind of dog assets.

Trevor Oldham (14:22.506)
You can read through all that stuff. You can call me as well. We can talk through some of the details on kind of how our current fund is set up. You know, one of the things to know about laundry in general, and especially anything that’s heavy value add, which I’m gonna put this.

I’m gonna put this into heavy value add category because we’re buying stores that are kind of dog assets. I mean, that’s the whole premise. Go in and find something that is poorly run, poorly managed, in terrible condition, buy it. And the store I’m sitting in right now, case in point. The thing was, he hadn’t upgraded anything in 25 years. I liked the previous owners, nice enough guy, but he was tired, he’s 74, he didn’t wanna do anything with it, so these stores take time to turn around. Like, it’s not like, oh, hey, look,

Sam Wilson (14:43.884)
I mean, that’s the, that’s the whole premise. Go in and find something that is poorly run, poorly managed in terrible condition. Buy it. And I’m the store I’m sitting in right now. Case in point. I mean, the thing was, he hadn’t upgraded anything in 25 years. I liked the previous owners. Nice enough guy, but he was tired. He’s 74. He didn’t want to do anything with it. So these stores take time to turn around. Like, it’s not like, Oh, Hey, look, you know, we just put $800,000 into this store. And then tomorrow it’s, you know, performing at peak.

Trevor Oldham (15:07.64)
know we just put $800,000 into this store and then tomorrow it’s you know performing a peak operating capacity that’s not the way this works it takes nine to twelve months to get a store to where it is then operating in the black every month which is it’s just kind of part of the plan so you got to know going in eyes wide open that hey we’re gonna buy this we’re gonna renovate it we’re gonna put a whole ton of money into it and then it’s gonna take a little while to get this business plan implemented so you know I have faith in

Sam Wilson (15:13.132)
peak operating capacity. That’s not the way this works. It takes nine to 12 months to get a store to where it is then operating in the black every month, which is, it’s just kind of part of the plan. So you gotta know going in, eyes wide open, that, hey, we’re gonna buy this, we’re gonna renovate it, we’re gonna put a whole ton of money into it, and then it’s gonna take a little while to get this business plan implemented. So, and I have faith in that. I’ve seen it now many times over where it just takes.

Trevor Oldham (15:37.52)
seen it now many times over where it just takes, it takes that kind of slow moving train beginning where, you know, the beginning you just see it’s creeping like, Oh my gosh, what’s going on with this? But then by the time it gets to actually moving like, wow, that thing’s really going. So in the storm sitting in now we bought one year and 14 days ago and we’re right on track.

Sam Wilson (15:40.672)
It takes that kind of slow moving train beginning where, you know, in the beginning you just see it’s creeping like, Oh my gosh, what’s going on with this? But then by the time it gets to actually moving, you’re like, wow, that thing’s that’s really going. So in the storm sitting in now we bought one year and 14 days ago and we’re right on track. So yeah, it’s fun to, fun to see that happen.

Trevor Oldham (16:02.082)
So yeah, it’s fun to see that happen. That’s great. I think it’s typical of any multifamily deal where you’re going in, you just have to know with the notion where it’s gonna take, typically a year, I know right now I’m in a self storage deal that I invested in last February, the expected first distribution was 18 months out from there. So now I’m a year out, no distribution, but because of that, the goal is to get like a two and a half equity multiple in about five years, give or take. So where I get no distribution in the front end, I get that.

you know, heavy appreciation on the back end because it is more of a development deal where some of the other deals where I’m invested in like a triple net lease deal where it’s your corporate grade tenant, the rents are already in place, the expectation with that is you’re gonna get that monthly cashflow just because that’s how that deal is set up. It sounds like your deal’s more set up or some of the deals are more set up on that value add where it might take a little longer. And I think to each their own, some people really like getting the cashflow, but some people really like, for me, where I’m younger, I’d rather get some of that more.

appreciation and an equity play where I could put that money to work, you know, further down the road where if someone like say that investor that or the, the person that you bought the store from their 74, you know, maybe now’s not the time to invest in a heavy value. Ideal. It might be more to more of a cashflow play for them, but Sam, it’s been great talking to you. Yep. Let me clarify on that though. This is once the cash, I mean, these are cash flowing businesses. That’s the reason we’re into this. I’m not in, yes, it’s value add, but.

Sam Wilson (17:18.494)
Well, and yeah, let me clarify on that though. This is once the cash, I mean, these are cash flowing businesses. That’s the reason we’re into this. I’m not in, yes, it’s value add, but

The objective is not a massive equity multiple in eight years. It is to clip the coupon. That’s the life of our fund is eight years, but it’s the clip the coupon, as soon as we possibly can and just keep that cashflow. Cause that’s the whole reason I’m buying this, the whole premise behind it is for the cashflow investor. So that’s, especially in a potential recession, highly inflation, I mean, we have one, we’re about as inflation resistant as a gas station, or it’s like, all right, well.

Trevor Oldham (17:31.214)
The objective is not a massive equity multiple in eight years. It is to clip the coupon, that’s the life of our fund, it’s eight years, but it’s to clip the coupon as soon as we possibly can and just keep that cash flow because that’s the whole reason I’m buying this, the whole premise behind it is for the cash flow investor.

So that’s, especially in a potential recession, highly inflation, I mean, we’re about as inflation resistant as a gas station. Or it’s like, all right, well, sorry, the price oil went up. Guess we gotta change prices, which I can do from my phone for any of our stores in about 30 seconds. Not that we do it that often, because your customers would be like, wait, this is really hard to keep track of. But that is, we are buying these strictly for the cashflow play.

Sam Wilson (18:00.416)
Sorry the price oil went up. Guess we gotta change prices, which I can do from my phone for any of our stores in about 30 seconds. Not that we do it that often because your customers would be like, wait, this is really, really hard to keep track of. But that is, we are buying these strictly for the cashflow play.

Trevor Oldham (18:20.168)
That’s excellent to know. So sort of a different take than how I was thinking about it more on the appreciation side. But no, that’s great to know. But Sam, last question of the day, if our audience is interested in investing with you, learning more about you, where can they go? Where can they find you?

Sam Wilson (18:36.832)
Trevor, well first off, I wouldn’t invest in any guy with any guy that has a hat on that looks like mine does right now. So maybe if that’s you watching this and you’re like, oh my gosh, who’s this vagrant wearing a hat? It is freezing cold here in Memphis. It’s like almost single digits and Memphis does not do cold. I’ll just say that first of all. So.

Trevor Oldham (18:41.146)
video.

maybe that’s you watching this you’re like oh my gosh is this is this uh… vagrant wearing

Sam Wilson (18:57.516)
I have no hair. So yes, I’m wearing a hat on this because I couldn’t possibly imagine sitting here talking to you freezing for 45 minutes. But that said, if you still want to get ahold of us after seeing me in this hat I’m wearing, which looks ridiculous, I would go to bric That’s B-R-I-C-K-E-N, investmentgroup.com. You’ll find way more information there probably than you want.

Trevor Oldham (19:12.362)
looks ridiculous, I would go to bric That’s B-R-I-C-K-E-N, investmentgroup.com. You’ll find way more information there probably than you want. And again, you can download all the information on the fund. You can schedule a call with me, all of those things. So that’s the best place to do it. Awesome, I’ll make sure that gets included in the show notes of today’s episode. And Sam, thank you again so much for coming on to the show. Absolutely, thank you Trevor, appreciate it.

Sam Wilson (19:22.16)
And again, you can download all the information on the fund. You can schedule a call with me, all of those things. So that’s the best place to do it.

Sam Wilson (19:35.04)
Absolutely. Thank you, Trevor. Appreciate it.