Ep. 76: From $400 to His Name to 25 Senior Co-Living Properties in One Year with Aaron Lambert

And I'm sure there's tons of them, but maybe one that stands out.

Oh, God.

I think the most important would be if you're married, listen to your wife.

Happy wife, happy life, right?

But they might not be completely entwined with the business, but they do have good intuition.

So at least mine does.

But no, seriously, on the business side of things, which that's serious too, but who you partner with is extremely important.

Like picking a partner that does or has done what they are saying they're going to do with you, right? And laying out the partnership on the front side before you get down the road, because had multiple partners where like we started out good and then things started to get a little funky and we didn't have any provisions in place to protect myself or other people or just the way that they were doing anything was causing, you know, less profits, longer timelines, and there was no kind of like recourse You know, and it all kind of fell back on me.

I took I take a lot of risk, meaning like my partnerships are a lot.

A lot of times the partnerships are almost heavy on my side than anybody else's.

And that's one thing that I would change or do differently for sure.

Making sure you understand who the heck you get in bed with before you do that.

No one night stands with the partners.

Yeah.

I mean, I feel like that lesson has been learned by so many of the guests on the podcast and also by me, you know, myself, I think it's a, I hear this so often from people that we have to have good partnerships.

We have to lay it out ahead of time.

And then why do we all not do this? Like, why has this been like a universal experience? Oh, it's such a bummer.

You know, you think you do like you, you, you know, like for me, I don't say you, but you know, I would get in like a couple of partnerships, you know, not to go into grave detail, but these were people that I had spoken to and built relationships with over, you know, a year or so and looked at what they were doing and what we were already kind of working on together, not necessarily as a partnership, but, but then when we moved to the next level and, you know, started actually acting as a partnership, you know, the what was stated that was going to be done or in the manner in which it needed to be done didn't didn't happen.

Right.

So and it was and it was just like, no, I realized quickly that at least for one of them, that there was no recourse for them, whether it went good or bad.

Right.

It all fall back on me.

Right.

So that's where it kind of got.

And then of course, as well, I don't want to say anybody, but for me, it's like whenever, and then I didn't really pick on it, pick up on it too much at first either until, until we get down the road and I'm like, okay.