Joseph began his career in healthcare when he was still in high school at the age of 18. Currently, he is a high-income W2 Travel PA-C and a real estate entrepreneur. He got his start house-hacking his primary residence, renting out rooms to friends and building cashflow and equity along the way. He's done a couple of flips, purchased single-family homes out-of-state, and even participated as a limited partner in a couple of mobile home park investments. Joseph is excited to launch their newest endeavor, Elmwood Reserve, a luxury, ground-up memory care home in Houston, TX. It allows him to continue to help people, use his skills in the healthcare industry, and grow his real estate holdings all at the same time.
In this episode, you will be able to:
The key moments in this episode are:
00:00:00 - Introduction to Real Estate Investing
00:06:35 - House Hacking as a Gateway
00:10:48 - Exploring Different Investment Opportunities
00:12:45 - Transition to Multifamily
00:16:07 - Creative Financing and Out-of-State Investments
00:22:09 - The Power of Networking and Masterminds
00:25:37 - Building the Memory Care Mansions
00:28:19 - Strategic Planning and Confidence
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Full Transcript Here:
Joseph Rasberry
Investing in any vehicle is the same. You realize what you do and don't like. And for me, it didn't come right away. And I think it's important to share with anyone. You're usually not going to find it on your first try, and that's okay. Setting the expectation that you might try a couple different investment vehicles. And some people like way more passive investments, others like way more hands on. They like that control. And you just got to try. You just got to start.
Mike Swenson
Welcome to the Real Freedom show where we inspire you to pursue your passion to gain time and financial freedom through opportunities in real estate. I'm your host, Mike Swenson. Let's get some real freedom together. Hello everybody. Welcome to another episode of Real Freedom Real Estate Leverage Freedom, where we talk about different ways that people build time and financial freedom through opportunities in real estate. I'm your host, Mike Swenson. If you want to get started on your investing journey, you're trying to figure out where do I go, how do I get started? Check out our website, free Freedom through Real Estate Dot com. That's Freedom through realestate dot com. We put all of our podcast episodes up there. Great blog content, learning, you know, how to analyze deals, which lane do I want to be in? But really we do this podcast as a way to share awesome stories of people who are getting into real estate, whether it be full time, part time, you name it. Just to give you a chance to hear a story that hopefully resonates with you, inspires you to be able to continue your journey and figure out what you want to do in the real estate space. So, so today we've got Joseph Rasberry here. He has been in the healthcare field since he was 18. High income earner as a W2, working as a physician's assistant, got into real estate, doing some house hacking and then getting into some masterminds. Is now working on developing a luxury memory care home in Houston. For those that are devoted listeners to the podcast. If you have our episode about a month ago, a little over a month ago, Aaron Amin. They're actually working on the same project and so it's gonna be really cool to hear your take on your background, getting into it, getting into the project. So really excited to have you on the show. So welcome.
Joseph Rasberry
Awesome. Thanks, Mike. And really appreciate you having me on and even meeting you in person in Minnesota, it was pretty awesome. And now it's coming full circle back on your podcast. So I appreciate you having me on.
Mike Swenson
It's a prerequisite. You have to Come to Minnesota and meet me before I have you on the podcast. Right.
Joseph Rasberry
Thank you, man. Rochester was nice and the Twin Cities awesome.
Mike Swenson
Cool. Well, why don't you just start a little bit? Yeah. Tell us about your background outside of real estate and then we'll get into anything from there. Just talk about kind of your background, what you did before you got into real estate.
Joseph Rasberry
Yeah. So currently I'm a physician assistant in the emergency department. I've been at the front facing bedside for over a decade, since I was 18 in high school. I started as an intern on a hospital unit in high school and then went to college for nursing, worked as a tech while I was in nursing school and then eventually decided I wanted more and went back to school as a physician assistant. All my experiences, the emergency department and I've been a physician assistant now for four years and I currently do a locums position. So I travel all around the country based out of Central Texas and love what I do, but I'm trying to get some of my time back and really just do that through real estate and some other asset producing or income producing assets. So healthcare is all my background, but you know, we can kind of get into the business side and real estate once we, once we jump into that.
Mike Swenson
Talk a little bit about your role. So, you know, being able to travel around the U.S. obviously you're, you know, earning a decent income at the same time, but just maybe talk about why you decided to do that and then maybe how you got introduced into real estate as far as, you know, whether you're starting to plant some seeds for the future.
Joseph Rasberry
Yeah. So kind of going back from the very beginning, I knew I wanted to get into healthcare mainly because I enjoyed helping people and I really wanted a job market that was always secure. So I think that was kind of the inception of as to why I chose my field and starting off into nursing. I worked off, worked out as a tech in the emergency department while I was in nursing school, graduated, worked as a nurse and I quickly realized, you know, I made, I made decent income but I wanted something more and I worked with physician assistants and I was really impressed with their work, what they were able to do. And eventually that led me back, going back to school and graduating and I've ended up in Texas. I love Texas and started there as a couple years in the emergency department and then I took a locums position and now I travel all around the country, but primarily the Southwest. And I do love what I do. I love helping people, I love utilizing my skills and My knowledge, procedures, all of that, and it's very rewarding. But I quickly realized, you know, I wanted something more. And I've kind of noticed that in my journey in life, I've always kind of wanted something more and I feel like I can give more. And as a physician assistant during that, my first year, I realized, you know, this is good money, but I can play a bigger impact. And real estate was first introduced to me in 2021 and that was a time of high inflation. And honestly, a lot of my direction towards real estate was born out of fear. A lot of high home prices. I just graduated as a PA in 2021 and I looked around, I was thinking, wow, I'm making six figures. But you know, a single family house now is over 400,000 and it was very stressful for me. I remember being in my apartment and just thinking, man, how am I ever going to afford a home? And I'm someone that makes great income. So to try to, to essentially transition into real estate, I was listening to a lot of podcasts. I didn't have many people in my life involved with real estate, but I went to YouTube, listened a lot of podcasts and found out house hacking is an easy way to get into real estate. So I started narrowing my buy box and found a home local to my first job in Central Texas and I got my first house hack. So that's an easy way to get into real estate for anyone that is new to real estate and it kind of is a gateway drug, so to speak. And yeah, I'm happy to get into more, but that was kind of my start was a house hack and I still have that house hack to, to this day.
Mike Swenson
So single family home, was it a FHA loan, like a low down payment loan or how. What did you have to put down to get into that?
Joseph Rasberry
No, it was a conventional. I put the minimum down 5% and I got a great interest rate, so I bought at the peak. But I have a 4 handle on my interest rate so I'm very happy I bought one. I did, and it's been great. And you know, I've been traveling now for the W2 and I'm able to have my roommates pay for my mortgage and I'm only home half the time anyway. So it, it works out to this day in terms of lowering my cost of living and paying for my housing.
Mike Swenson
Yeah, I mean, when people ask me, getting started what to do, that's the best advice that you can have. Whether it's single family and you're Renting out rooms or you're doing like a small multifamily and renting out other units and you're living in one unit. I just think like stage of life that makes a lot of sense financially, makes a ton of sense. I had some friends of ours where one of the guys, when they all graduated college bought a house and all of his roommate or all of our, you know, rented from him and I was like, man, this is such a, such an awesome opportunity. I can't remember if I was married at the time or we were engaged at the time. And so I was like, you know, didn't work for me. However, this guy was, was making bank, you know, getting most of his more than his mortgage paid for by roommates and did that for a few years and then kept that as a rental and then bought another property when he got married. And so I think there's so much value there. If it works for your stage of life, if it works for your financial situation, to be able to do that because it's a risk. Right. And like you said, you know, buying at peak of the market, there's a lot of stress with. But to be able to have those other people, you know, paying the rent and then what it opens up for doors in the future in terms of potential equity cash flow coming from the property. Experience as a landlord too, when you're looking at doing other loans, there's, there's just a ton of value there. But you gotta be the one willing to take the risk and being able to put the money down. Whereas, you know, other folks aren't ready to do that or maybe not in a position to do that.
Joseph Rasberry
Yeah. And I still remember to the day how nervous I was to close. It was my first house. It's a new build, it's. I'm happy I went with it. But I remember at this time I was praying and thinking, man, is this right for me? And I'm really glad I ended up moving forward. But as a first time home buyer, I remember just being so nervous and hoping it was going to work out. So I'm glad I took action. And it's just led to so many more opportunities in my journey. Just taking that first step.
Mike Swenson
Yeah. And even just from a confidence standpoint, right. Like knowing, okay, I can do this, right. Like I found somebody to pay the mortgage now what else can I do in real estate outside of that? So yeah, talk a little bit about kind of the next step after you got that closed and you know, got your roommates in. Where did Your mind go next.
Joseph Rasberry
Yeah, so you touched on it. It is great experience starting off as being a landlord because you are managing tenants. At the end of the day they are roommates but legally they're, they're tenants. So that's been great experience for myself and I've learned what I do and don't like. So that is just as important in the journey as figuring out what you're willing to do things you don't want to do. And like you said, I won't always be in this house act. This is a special season in and you know, moving forward. I quickly realized I couldn't scale or I didn't want to scale house hacks. That wasn't appealing to me. Some people in the house hack world will buy a single family home every year through conventional loans, Freddie and Fannie and move on. And then before you know it you'll have four or five homes but you're managing 20, 25 tenants. And that was not appealing to me as someone that's a pretty demanding W2. So I stopped there and I quickly transitioned into learning about other opportunities and someone that's a PA and you know, educated. I realized I there's a lot more to learn and that's why I sought out some masterminds. So I joined several masterminds, not all at once but kind of trended upwards. And I'm in four or five of them today. But one of my favorite ones, they were doing a lot of commercial real estate, a lot of big deals, buying small businesses. And I quick and I it kind of dawned on me. Single families are nice kind of base hits, but you only need a couple big home runs in life for financial freedom. So I started off with some slow flips and those are basically creative finance single family homes. And I also realized I didn't like that. So you have to try a couple things before you realize what you do and don't like, what works for your life, what aligns with your long term vision. And I bought a couple of those out of state single family houses and I raised, I raised capital for them. I purchased, worked with some wholesalers and then I sold them through seller financing to first time home buyers or investors. And I got out of those because like I said, I wanted to get in some bigger deals. I started investing in some syndications, some mobile home parks, specifically passively. And that was great experience too because as much as you want to actively earn income through your own investments, it's also great to become an LP or a passive investor for other People's big deals. So that's been my journey. You know, we can. We can jump into what I'm working on now or however you want to take it, but that's been a little bit of my journey since the house hack is through a couple syndications and then some creative finance, single family homes out of state.
Mike Swenson
You know, for people listening to this, realizing that where you end up in real estate is not necessarily where you begin, and it's that journey that helps you to understand what you like and you don't like. I know for me, we had done a flip, and I like doing work on the property. I did construction in college for a couple of years, so I feel like I'm capable of doing it, but I then naturally got sucked into doing it because I like doing it. And, you know, fast forward, we. We worked on it for three, four or five months, spent a lot of time away from my kids and my wife, and we ended up not making that much money on the deal. Then I realized I have to insulate myself from single family because I'm going to get sucked into doing it. And that was my transition to multifamily is I need to take on a property where I'm not going to try to insert myself into it. And that was the thing for me. But it had been doing those things. And for you, it sounds like, yeah, you. You did a couple of things, realized you didn't like it. And so in a lot of way, that kind of narrows the focus for you to understand what do you really like doing. And that may change down the road. You know, five years from now, 10 years from now, we hop on another episode and you're like, hey, now I'm into something else. But you've been able to dip your toe in a few different things from house hacking out of state, you've done some creative financing, you've seen some mobile home park stuff to kind of get a sense of what's drawing you in, like a magnet and what's maybe repelling you away to help you decide what your path is going to look like.
Joseph Rasberry
Yeah, exactly. And I'll, you know, that's so wise what you said, you know, you got to try things. And so many people that get into any focus in life, even a hobby or travel or dating, like, you just got to, you got to try. You got to dip your toes in, figure out what you do and don't like areas you like living.
Mike Swenson
Real estate, dating. We should, we should change the podcast, right? We'll call it Real Estate Dating or hinge for real estate. And we can talk about what we like and what we don't like about everything as it relates to real estate.
Joseph Rasberry
It's true man. I've dated some girls and you know, you quickly realize I don't like that type of girl. And then some you you wouldn't expect and you're into that now. So real estate is the same. Investing in any vehicle is the same. You realize what you do and don't like. And for me it didn't come right away and I think it's important to share with any. You're usually not going to find it on your first try and that's okay. Setting the expectation that you might try a couple different investment vehicles. And some people like way more passive investments, others like way more hands on. They like that control and you just got to try, you just got to start. I was very indecisive to start and a lot of that was based out of fear. But once you start moving and taking action and in doing getting your reps in, you get a lot more confidence and realize I can do this and I'm capable of a lot more.
Mike Swenson
Are you looking to get started or scale in real estate investing but don't know your next step? Are you overwhelmed thinking about finding deals, analyzing deals, doing due diligence and managing properties on top of it? Go ahead and push the easy button and invest with us. Real estate investing is what we do full time. We've done dozens of deals with hundreds of doors. We have the knowledge and experience to hand pick the best deals that most investors, investors can't find. We've got large off market deals all the time where you can hopefully find returns and economies of scale that you just can't find on your own. The best thing is it's 100% passive to you for less capital than you put down trying to acquire a property on your own. Don't let this year go by where you don't make the leap, add to your portfolio or you just sit in analysis by paralysis. To find out more, visit freedomthroughrealestate.com and click on Invest. You can book a call and learn more there. So get to scaling your portfolio now with us by your side. Talk a little bit about the out of state, the creative financing type stuff that you did. You know for some people they might realize like oh shoot, going somewhere outside of what you know and where you've been. They see that as a different risk because it's a location risk of somewhere that I and maybe you were familiar with the area? I don't know, but would love to just kind of hear a little bit of your thought process in choosing to go out of state versus something, you know, finding something in Texas. I'm just kind of curious to hear your, your thoughts on that. And then I also agree like you're also flexing and growing your muscle of how to analyze deals through trying some different things as well, which ultimately can help you find better deals when you can see what are less enticing deals.
Joseph Rasberry
Yeah, yeah, great question. So I decided to try these creative finance single family homes out of state because I. You can scale them. It's a strategy you can scale. So just very briefly I'll explain what I did and the strategy behind it. So I would raise capital for these distressed single family homes. They were valued under market, so I'd buy them very cheap because they needed to work. I would raise capital through private money lenders on a five year note. I'd pay them 12% interest, which was great, right? 12% on your money, and I'd pay them back monthly. And I would buy these homes 100% cash through the private money lender and then I would sell them, market them to first time home buyers or investors. I would keep the spread, which would be very narrow, couple, couple hundred bucks and put them on a 30 year note, a traditional mortgage. And I wouldn't qualify the buyers. There was a lot of risk with it, but a lot of the risk was eliminated because you were selling them a home with low down payment and a house that they could work on, fix up, it was already distressed. Right. I wouldn't, I wouldn't fix the property at all. And I'd give them an opportunity at home ownership. And a lot of these buyers, they wouldn't have great credit. They wouldn't have, you know, 20, 30K to put down. They might have two or $3,000. And these were very cheap homes in the Midwest. So you just had to make your numbers work. But the, the strategy behind it was you wouldn't really make anything for the first five years. I was okay with that. And then after you pay off your private money lender, the remaining 25 years is just complete cash flow and you, you've had those properties paid off and you could scale it. I did a couple of them, but there was a lot involved. Right. So you had to raise capital debt, you had to find and source the deals, you had to make sure they worked. And there was demand for the, these houses in these small little markets in the Midwest and you know, you could run ghost ads and I can get into that if you'd like but to make sure the demand was there and then, then you would, after you market it, you'd have to find the buyer, handle all the legal paperwork. And that was a lot the paperwork in the specific county and state to make sure you're, you're doing everything up to legal standards from selling a house seller finance because essentially you become the bank at that point and after you sold it it was pretty, pretty passive. But there was always a risk of them defaulting or not pained. So what I didn't like about it was I had to do everything. I had to source the deals, I had to raise the capital, the debt, I had to market it, I had to sell it and I didn't like that. And it didn't align with my, with my long term vision because I was going to have to get like 20 or 30 of these homes. And like I said, you can scale it. But I didn't enjoy it. I didn't enjoy doing all the roles, especially being a busy W2 physician assistant, traveling.
Mike Swenson
So real quick, before we get into what you're doing now, talk about the limited partner. You mentioned how you'd been limited partner in some deals, you know, for people that aren't, aren't familiar with it kind of what was it about being a limited partner? Being more passive. That intrigued you and then how were you able to network and find those deals?
Joseph Rasberry
So I've enjoyed my experience as a passive investor in these syndications, specifically mobile home parks. In fact, how I found them was in the current mastermind I'm in. So I know someone that has 16 mobile home parks and he's in one of my pods. So I meet with him weekly. He's very experienced and he approached me and gave me an opportunity at investing with him and I wanted to try it. And yeah, I just learned about it and learned this is something that gets way better returns than your typical stock market. It's passive. Right. So I don't have anything to, to work on the project. And you get a lot of tax benefits, depreciation and it was another opportunity for me to learn and just kind of stand by the side and learn by osmosis and grow in some of my other real estate investments and figure out what I do and don't like again. So that's been a great experience too. I've done a couple of deals now.
Mike Swenson
I think for that being able to, yes, see a bigger deal, see something that maybe it's a little bit larger than you can take on yourself. Being able to see how they analyze it, how they explore, explain it, how the numbers work. It's kind of like a little bit of an internship for, you know, doing that in the future yourself seeing some cracks at how people that are professional are, are doing this and how they're raising capital. I think there's a ton of value in doing that. So then fast forward now, you've got a deal that you're, you're raising capital for a big deal. Talk about how that came to be.
Joseph Rasberry
Yeah, so the one thing I'll say about those creative finance single family homes was I really enjoyed raising the capital. That was one part of the project that I did enjoy. And I quickly realized that's something, you know, I want to carry on to my next, my next project. And I was, I paid back my private money lenders every single month and I enjoyed giving those them, those returns. So I did find a lot of delight just in being a great steward of people's money and giving them an opportunity at something better than the market, like we said. So all that being said, leading into my current project, I'm working with another partner of mine, a few partners actually, to take down two memory care mansions, boutique residential assisted living, which is quickly becoming a very highly desired asset class and multifamily and business, because it essentially is both real estate, commercial and a business. So it's pretty cash flow heavy. We can kind of get into some of that later. But I found my partner actually through the same mastermind and we're in the same pod. So just like the mobile home parks that I found in my pod and, and really quickly for your audience, a pod is just a group of guys. There's five of us and we meet weekly. We talk about our businesses, our real estate, how we can uplift each other, how we can help in any way and kind of talk about weekly wins, bottlenecks we're going over. So I've really gotten to know both of these partners in that mastermind and weekly pod over the last almost two years now. So it's so important to know who you're investing with and how, how great of an operator they are. So there's a lot of trust. But I also found my current partner that we're working on this residential assisted living in through my, my pod in the Mastermind.
Mike Swenson
I think it also speaks to getting around folks who think big, have big goals, maybe, well, networked individuals, ambitious. I think it'll put you in the Right environment. You know, they talk about rising tides, lifts all boats. And if you're in a spot where that's happening and people are knocking down big goals, you're like, hey, I want to be part of that too and I want to do that myself. And then it has larger conversations that, you know, had you not been in that group, you probably wouldn't even be talking with folks about memory care and you know, doing, doing these large deals together. And so I think it can help you accelerate your career path and then put you in the right rooms to be able to bring some of these deals to fruition.
Joseph Rasberry
Yeah, exactly. One of my favorite quotes is your network is your net worth. And like you said, I would never even be thinking about commercial real estate or businesses. I'd still be on the single family game. And there's nothing wrong with single families. But these bigger deals can significantly increase or shorten your time frame for financial freedom and getting where you want to be. So, so much of it is a learning game and just being surrounded people, surrounded by people that are doing these big deals. It's, it's really just changed the entire trajectory of my life.
Mike Swenson
So talk a little bit about, about the project, a little bit maybe about kind of your roles and how each of you are dividing up the work and kind of maybe the goals or the timelines that you have set here.
Joseph Rasberry
Yeah, yeah. So my, my other partner, Aaron, he's the cfo, he's got a significant background and as being a financial manager, financial analyst. So he's done all the underwriting. He's very risk averse, so he's very conserved on his underwriting, which I like. So he's doing a lot of the business ops and financial raised portion of the, of the project. I'm also assisting in the raise. It's kind of all just hands on deck because it's, it's a massive lift, it's a massive race. But what I'll be doing, my title is Strategic Director of Growth and Partnerships. So basically the first part I'm going to, like I mentioned, help with this raise, this capital raise because it's such a heavy lift. But once we get this funded, we get some shovels in the ground and start getting it built. I'm going to be helping my other partner, the CEO Andrea, the wife of Aaron, and I'm going to essentially be forming strategic partnerships in the community and leverage my healthcare background. So communicate with local physicians, snf, skilled nursing facilities, case managers and the hospitals. That's really where you get a Lot of the residents when they're declining and essentially, you know, the degenerative disease of Alzheimer's or dementia leads them to needing more assistance. And in a residential home, which is what we're building. So I'm going to be helping with lead generation and refining clinical operations with the staff. And for anyone that works in healthcare, they know that staffing is one of the most difficult things, whichever setting, ambulatory, inpatient, outpatient. And my goal and what I hope to bring is retaining and acquiring quality staff for these memory care mansions. And that's really where it starts in a project like this is providing quality care and keeping some rock stars on your team. So I'm really excited for the operational standpoint once we get this thing built.
Mike Swenson
So when are you anticipating construction starting and then completion and then also curious to hear kind of how does that parlay in with what you're currently doing in your, your day job? You know, what's, what's that future hold for you?
Joseph Rasberry
So target is August of 2025, shovels on the ground, and we're working with several GCs so we feel confident we can have both of these built by 12 months a year. So August of 2026 is being fully built. They actually think we could have this constructed in 10 months, but again, we've underwritten everything pretty conservatively so we're allowing for that little cushion of 12 months. So that's a little bit about the timeline. In terms of working with my W2, I'm able to do a lot of this remotely, but I will be going pretty frequently to the project every month and like I said, strengthening those relationships and then being able to help hire and retain them. And so I'm excited. A lot of it is, like I said, can be done remotely, but there's nothing that can substitute being being on the ground and meeting and forming those, those long term relationships. So I'm looking forward to that.
Mike Swenson
It's really cool to hear your background, your passion for helping people. You know, I often think about transferable skills that people have coming into real estate, wanting to raising some capital in the past, enjoying doing that. Now you're doing some of that in this project. Being able to be a leader. And then looking at Aaron's background, you know, had some assisted living experience with properties that he owned in another city. Now he's like, I can do that. I know he was in a mastermind, you know, where he learned a little bit more about the nuts and bolts of how to put all this together. And so you can Just kind of see these little breadcrumbs in your past lead you to where you go in the future. And then, you know, you're able to join forces because you're in this group together. And so I think it's just really fun to see how these big things come to be and how you can trace it back to these smaller decisions over the last couple of years that lead you to where you're at. And, and obviously there's going to be bigger decisions here in the future. And so it's just fun to see that, that experience and how that all came together and your guys's partnership.
Joseph Rasberry
Yeah, no, I appreciate it. It's, it's so important to choose the right partner. And that's part of the reason why Aaron reached out to me was he realized my, my background, you know, we get, we know each other very well. Right. We meet every week. So I'm just happy to be able to leverage my background just like he is. And you're, you're completely right. You know, he's got some residential assisted living homes out in the Northwest and we also have some other strategic partners that have built the same mansion. They built two of these out in Central Texas. So we're really just replicating a lot of their business plan, including a lot of their care models and even, even down to the floor plan. So we're definitely going to this with eyes wide open. So we feel like we're going to knock it out of the park. We've underwritten it pretty conservatively and we've got a hell of a team. And yeah, we can kind of jump into that too. But we've, we've got every area we feel very confident with the right people in the right, right seats.
Mike Swenson
It's great to see. I mean, you're taking risks, but you're taking calculated risks. You've got people looking over your shoulder, you've got people helping you. And so just to see in a short time of, you know, three, four years, all that you've accomplished. And you know, it's like that hockey stick growth right now that you're narrowing in your focus, you're building those partnerships that things will continue to happen more and more frequently.
Joseph Rasberry
Yeah, exactly. Relationships are so important. I just love being around other people that are doing high level things, projects, real estate. And it just gets me so motivated and passionate. So I'm just happy to be surrounded by other rock stars that are doing big things and think big in life.
Mike Swenson
So for people that want to reach out to you, learn more about it or, you know, just tap into your experience. How can they do so?
Joseph Rasberry
Yeah, so we have some landing pages. We have a pretty vast email network, but I would say if anyone wants to reach out, they can reach out to me just via email. So. Joseph Rasberry R A S B e r r y21mail.com awesome.
Mike Swenson
Well, thank you so much for sharing your story and best of luck to you guys as the project unfolds. And it's going to be exciting to see what happens with it.
Joseph Rasberry
Yeah, man, I can't wait to just have this thing built and just provide high quality care to these future residents and bring back our investors some high, high returns. So thank you again, Mike, for having me on. Really appreciated this.
Mike Swenson
Thank you.
Joseph Rasberry
SA.
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