WEBVTT Kind: captions Language: en I'm going to tell you why I sold all my I'm going to tell you why I sold all my I'm going to tell you why I sold all my real estate for this one poorly real estate for this one poorly real estate for this one poorly understood investment and how that understood investment and how that understood investment and how that decision changed my life by the end of decision changed my life by the end of decision changed my life by the end of this video you're either going to think this video you're either going to think this video you're either going to think I'm crazy maybe a little bit of a genius I'm crazy maybe a little bit of a genius I'm crazy maybe a little bit of a genius and you might just want to try it for and you might just want to try it for and you might just want to try it for yourself in 20121 I did this thing that yourself in 20121 I did this thing that yourself in 20121 I did this thing that seemed insane to everyone around me I seemed insane to everyone around me I seemed insane to everyone around me I started selling my entire real estate started selling my entire real estate started selling my entire real estate portfolio this was a multi-million portfolio this was a multi-million portfolio this was a multi-million dollar portfolio of cash flowing single dollar portfolio of cash flowing single dollar portfolio of cash flowing single family homes commercial Office Buildings family homes commercial Office Buildings family homes commercial Office Buildings and mortgage notes all with solid and mortgage notes all with solid and mortgage notes all with solid tenants all paying all making me money tenants all paying all making me money tenants all paying all making me money my real estate friends thought i' had my real estate friends thought i' had my real estate friends thought i' had completely lost it after all isn't real completely lost it after all isn't real completely lost it after all isn't real estate the backbone of wealth building estate the backbone of wealth building estate the backbone of wealth building that's what I thought too and that's how that's what I thought too and that's how that's what I thought too and that's how I positioned myself for more than a I positioned myself for more than a I positioned myself for more than a decade but I discovered something that decade but I discovered something that decade but I discovered something that changed everything for me it's not just changed everything for me it's not just changed everything for me it's not just about making money but about how about making money but about how about making money but about how infrastructure and energy are going to infrastructure and energy are going to infrastructure and energy are going to reshape the way that wealth works in the reshape the way that wealth works in the reshape the way that wealth works in the digital age and I'm going to show you digital age and I'm going to show you digital age and I'm going to show you what most investors today are missing what most investors today are missing what most investors today are missing first you need to understand something first you need to understand something first you need to understand something about my background I graduated with a about my background I graduated with a about my background I graduated with a degree in Engineering Management and degree in Engineering Management and degree in Engineering Management and information systems I'm trained to see information systems I'm trained to see information systems I'm trained to see systems spot inefficiencies and solve systems spot inefficiencies and solve systems spot inefficiencies and solve complex problems in order to create complex problems in order to create complex problems in order to create maximum value that engineering mindset maximum value that engineering mindset maximum value that engineering mindset helped me build what looked like a helped me build what looked like a helped me build what looked like a successful real estate portfolio I had successful real estate portfolio I had successful real estate portfolio I had everything systematized property everything systematized property everything systematized property acquisition teams so I could find the acquisition teams so I could find the acquisition teams so I could find the best deals tenant screening protocols best deals tenant screening protocols best deals tenant screening protocols maintenance schedules and Property maintenance schedules and Property maintenance schedules and Property Management cash flow projections deal Management cash flow projections deal Management cash flow projections deal financing everything was set up for me I financing everything was set up for me I financing everything was set up for me I thought that I had cracked the code for thought that I had cracked the code for thought that I had cracked the code for passive income I was wrong let me show passive income I was wrong let me show passive income I was wrong let me show you what a successful real estate you what a successful real estate you what a successful real estate portfolio actually looks like I had a portfolio actually looks like I had a portfolio actually looks like I had a property in Texas that looks something property in Texas that looks something property in Texas that looks something like this $200,000 property $2,000 a like this $200,000 property $2,000 a like this $200,000 property $2,000 a month monthly rent minus a $1,200 month monthly rent minus a $1,200 month monthly rent minus a $1,200 mortgage minus $200 of property tax mortgage minus $200 of property tax mortgage minus $200 of property tax minus $100 in Insurance $200 as a minus $100 in Insurance $200 as a minus $100 in Insurance $200 as a maintenance Reserve $200 for a property maintenance Reserve $200 for a property maintenance Reserve $200 for a property manager and at the end of all of that manager and at the end of all of that manager and at the end of all of that you've got $100 a month of cash flow you've got $100 a month of cash flow you've got $100 a month of cash flow that's right $100 a month on a $200,000 that's right $100 a month on a $200,000 that's right $100 a month on a $200,000 investment and that's when everything investment and that's when everything investment and that's when everything went perfectly but real estate's never went perfectly but real estate's never went perfectly but real estate's never perfect I had multiple occasions where perfect I had multiple occasions where perfect I had multiple occasions where one year or multiple years of rental one year or multiple years of rental one year or multiple years of rental profits were completely erased by a profits were completely erased by a profits were completely erased by a $7,500 HVAC system going bad or a tenant $7,500 HVAC system going bad or a tenant $7,500 HVAC system going bad or a tenant mistreating the property so badly that mistreating the property so badly that mistreating the property so badly that The Upfront deposit and the maintenance The Upfront deposit and the maintenance The Upfront deposit and the maintenance reserves that I kept didn't cover the reserves that I kept didn't cover the reserves that I kept didn't cover the damage add to that the fact that during damage add to that the fact that during damage add to that the fact that during Co you couldn't legally evict anybody Co you couldn't legally evict anybody Co you couldn't legally evict anybody even when they stop paying you and you even when they stop paying you and you even when they stop paying you and you suddenly have an investment that loses suddenly have an investment that loses suddenly have an investment that loses you money and costs you time as an you money and costs you time as an you money and costs you time as an engineer something kept bothering me engineer something kept bothering me engineer something kept bothering me about trying to scale my real estate about trying to scale my real estate about trying to scale my real estate Empire the numbers didn't add up the Empire the numbers didn't add up the Empire the numbers didn't add up the efficiency wasn't there the scalability efficiency wasn't there the scalability efficiency wasn't there the scalability was limited and I couldn't see how I was was limited and I couldn't see how I was was limited and I couldn't see how I was going to achieve my goals like this I going to achieve my goals like this I going to achieve my goals like this I knew that there had to be a better way knew that there had to be a better way knew that there had to be a better way so this goes into my journey into making so this goes into my journey into making so this goes into my journey into making recurring income from digital assets I recurring income from digital assets I recurring income from digital assets I started back in 2015 while I was started back in 2015 while I was started back in 2015 while I was successfully managing properties I tried successfully managing properties I tried successfully managing properties I tried an experiment an experiment an experiment Bitcoin mining like any good engineer I Bitcoin mining like any good engineer I Bitcoin mining like any good engineer I started small investing with a tiny started small investing with a tiny started small investing with a tiny mining operation in Sweden well within 3 mining operation in Sweden well within 3 mining operation in Sweden well within 3 months they disappeared with everybody's months they disappeared with everybody's months they disappeared with everybody's money and I got back about half of what money and I got back about half of what money and I got back about half of what I put in but this is what's interesting I put in but this is what's interesting I put in but this is what's interesting even after losing that investment I even after losing that investment I even after losing that investment I couldn't shake the feeling that this couldn't shake the feeling that this couldn't shake the feeling that this technology was something massive the technology was something massive the technology was something massive the engineer and me saw the potential for engineer and me saw the potential for engineer and me saw the potential for programmatic income generation no human programmatic income generation no human programmatic income generation no human tenants mathematically modeled returns tenants mathematically modeled returns tenants mathematically modeled returns and converting energy directly into and converting energy directly into and converting energy directly into money with no counterparty risk but this money with no counterparty risk but this money with no counterparty risk but this is what really got me thinking I was is what really got me thinking I was is what really got me thinking I was calculating my actual hourly rate for calculating my actual hourly rate for calculating my actual hourly rate for Passive real estate income for it being Passive real estate income for it being Passive real estate income for it being passive real estate I was spending more passive real estate I was spending more passive real estate I was spending more than a full-time job's worth of hours to than a full-time job's worth of hours to than a full-time job's worth of hours to run this thing and grow it and that's run this thing and grow it and that's run this thing and grow it and that's when my engineering brain kicked into when my engineering brain kicked into when my engineering brain kicked into overdrive I spent thousands of hours overdrive I spent thousands of hours overdrive I spent thousands of hours studying Bitcoin energy infrastructure studying Bitcoin energy infrastructure studying Bitcoin energy infrastructure and everything to do with it while and everything to do with it while and everything to do with it while everybody else is focused on price everybody else is focused on price everybody else is focused on price speculation in the crypto markets but I speculation in the crypto markets but I speculation in the crypto markets but I saw something different the world that saw something different the world that saw something different the world that we live in isn't just going digital it's we live in isn't just going digital it's we live in isn't just going digital it's going to need entirely new going to need entirely new going to need entirely new infrastructure there's AWS and a few infrastructure there's AWS and a few infrastructure there's AWS and a few other hyperscaler data centers that other hyperscaler data centers that other hyperscaler data centers that basically run our entire world data basically run our entire world data basically run our entire world data centers are handily outperforming Office centers are handily outperforming Office centers are handily outperforming Office Buildings and other types of real estate Buildings and other types of real estate Buildings and other types of real estate Computing Powers becoming the new Prime Computing Powers becoming the new Prime Computing Powers becoming the new Prime Resource as AI spreads like wildfire and Resource as AI spreads like wildfire and Resource as AI spreads like wildfire and most importantly energy is the critical most importantly energy is the critical most importantly energy is the critical resource to pay attention to that makes resource to pay attention to that makes resource to pay attention to that makes all of this possible so in 2021 I made all of this possible so in 2021 I made all of this possible so in 2021 I made an even bigger move I invested half a an even bigger move I invested half a an even bigger move I invested half a million dollar of my money into mining million dollar of my money into mining million dollar of my money into mining equipment and I found what seemed to be equipment and I found what seemed to be equipment and I found what seemed to be like a great hosting partner to run it I like a great hosting partner to run it I like a great hosting partner to run it I thought I had solved it and that I could thought I had solved it and that I could thought I had solved it and that I could be booking vacations the following month be booking vacations the following month be booking vacations the following month with 35,000 a month of passive income with 35,000 a month of passive income with 35,000 a month of passive income unfortunately that year nearly broke me unfortunately that year nearly broke me unfortunately that year nearly broke me I followed bad advice got the wrong I followed bad advice got the wrong I followed bad advice got the wrong equipment chose the wrong partner and equipment chose the wrong partner and equipment chose the wrong partner and took the wrong approach as of today that took the wrong approach as of today that took the wrong approach as of today that was essentially a total loss the worst was essentially a total loss the worst was essentially a total loss the worst year of my life in business and that year of my life in business and that year of my life in business and that operator is now in bankruptcy due to a operator is now in bankruptcy due to a operator is now in bankruptcy due to a poorly managed operation but but again poorly managed operation but but again poorly managed operation but but again as an engineer I did what Engineers do I as an engineer I did what Engineers do I as an engineer I did what Engineers do I documented all the failure points which documented all the failure points which documented all the failure points which were power cost variability equipment were power cost variability equipment were power cost variability equipment selection maintenance issues Cooling and selection maintenance issues Cooling and selection maintenance issues Cooling and efficiencies management gaps and bag efficiencies management gaps and bag efficiencies management gaps and bag communication and service to the most communication and service to the most communication and service to the most important person in any business important person in any business important person in any business relationship the customer every one of relationship the customer every one of relationship the customer every one of those problems became the blueprint for those problems became the blueprint for those problems became the blueprint for what I would build next today our what I would build next today our what I would build next today our facility in Oregon represents everything facility in Oregon represents everything facility in Oregon represents everything that I wished existed when I started in that I wished existed when I started in that I wished existed when I started in this business we have fixed rate this business we have fixed rate this business we have fixed rate hydroelectric power that's locked in for hydroelectric power that's locked in for hydroelectric power that's locked in for years and comes with energy management years and comes with energy management years and comes with energy management incentives we also have the most ideal incentives we also have the most ideal incentives we also have the most ideal climate that you could imagine for climate that you could imagine for climate that you could imagine for running a mining data center it's running a mining data center it's running a mining data center it's currently filled with the latest currently filled with the latest currently filled with the latest generation of S21 miners that turn generation of S21 miners that turn generation of S21 miners that turn energy into money more efficiently than energy into money more efficiently than energy into money more efficiently than almost anybody we have hundreds of units almost anybody we have hundreds of units almost anybody we have hundreds of units owned by happy customers who Rave about owned by happy customers who Rave about owned by happy customers who Rave about us for our full service management we us for our full service management we us for our full service management we have highly professional and highly have highly professional and highly have highly professional and highly skilled 247 management and operations skilled 247 management and operations skilled 247 management and operations team with better than 98% up time and team with better than 98% up time and team with better than 98% up time and allinclusive repairs since we've been allinclusive repairs since we've been allinclusive repairs since we've been operating we also have the advantages of operating we also have the advantages of operating we also have the advantages of a sales taxfree State living in Oregon a sales taxfree State living in Oregon a sales taxfree State living in Oregon and because of the way that we design and because of the way that we design and because of the way that we design the facility we have the ability to move the facility we have the ability to move the facility we have the ability to move locations if we're ever put into a hard locations if we're ever put into a hard locations if we're ever put into a hard position and on top of that I have a position and on top of that I have a position and on top of that I have a team that I love to work with aligned on team that I love to work with aligned on team that I love to work with aligned on a much more powerful Mission than just a much more powerful Mission than just a much more powerful Mission than just dealing with ungrateful tenants and now dealing with ungrateful tenants and now dealing with ungrateful tenants and now instead of managing properties that are instead of managing properties that are instead of managing properties that are scattered across the country scattered across the country scattered across the country everything's in one climate controlled everything's in one climate controlled everything's in one climate controlled facility producing Bitcoin every single facility producing Bitcoin every single facility producing Bitcoin every single day do you want to see what true passive day do you want to see what true passive day do you want to see what true passive income actually looks like using a income actually looks like using a income actually looks like using a 4-year period from 2020 to 2024 this is 4-year period from 2020 to 2024 this is 4-year period from 2020 to 2024 this is what happened if you had bought Bitcoin what happened if you had bought Bitcoin what happened if you had bought Bitcoin and held it through that period you're and held it through that period you're and held it through that period you're up 627 per. if you got into mining at up 627 per. if you got into mining at up 627 per. if you got into mining at the rate we offer our customers and sold the rate we offer our customers and sold the rate we offer our customers and sold all your coins on the day you Min it all your coins on the day you Min it all your coins on the day you Min it you're up more than you're up more than you're up more than 950 just on the coin that you mined if 950 just on the coin that you mined if 950 just on the coin that you mined if you sold it every day that you mined and you sold it every day that you mined and you sold it every day that you mined and if you got into Mining and sold all that if you got into Mining and sold all that if you got into Mining and sold all that you mined and also sold the mining you mined and also sold the mining you mined and also sold the mining server for its residual value you're up server for its residual value you're up server for its residual value you're up more than 1,000% or a 10x in 4 years now more than 1,000% or a 10x in 4 years now more than 1,000% or a 10x in 4 years now this doesn't even factor in the option this doesn't even factor in the option this doesn't even factor in the option of holding all the coin that you mine of holding all the coin that you mine of holding all the coin that you mine further into the future for greater further into the future for greater further into the future for greater multiples so let's break this down in multiples so let's break this down in multiples so let's break this down in real numbers with real equipment that's real numbers with real equipment that's real numbers with real equipment that's available now today a single S21 Pro 234 available now today a single S21 Pro 234 available now today a single S21 Pro 234 terahash minor with the first year of terahash minor with the first year of terahash minor with the first year of power costs included in our facility power costs included in our facility power costs included in our facility costs about costs about costs about $110,000 it'll make you about 062 $110,000 it'll make you about 062 $110,000 it'll make you about 062 Bitcoin per year which is about $55 $500 Bitcoin per year which is about $55 $500 Bitcoin per year which is about $55 $500 in year one at today's price of $90,000 in year one at today's price of $90,000 in year one at today's price of $90,000 Bitcoin that means if Bitcoin went into Bitcoin that means if Bitcoin went into Bitcoin that means if Bitcoin went into the $160,000 range per coin or almost a the $160,000 range per coin or almost a the $160,000 range per coin or almost a 2X from here your investment is fully 2X from here your investment is fully 2X from here your investment is fully paid off within the year and you have a paid off within the year and you have a paid off within the year and you have a free high performance machine that makes free high performance machine that makes free high performance machine that makes Bitcoin by the way this is not Financial Bitcoin by the way this is not Financial Bitcoin by the way this is not Financial advice but in the last two bitcoin price advice but in the last two bitcoin price advice but in the last two bitcoin price Cycles we've had a 6X and a 25x from Cycles we've had a 6X and a 25x from Cycles we've had a 6X and a 25x from where we sit today to the price that's where we sit today to the price that's where we sit today to the price that's 12 months from now now I'm not making 12 months from now now I'm not making 12 months from now now I'm not making any predictions but you can just watch any predictions but you can just watch any predictions but you can just watch what I'm doing with my personal money what I'm doing with my personal money what I'm doing with my personal money even if everything stayed level to how even if everything stayed level to how even if everything stayed level to how it is today mining is usually paying for it is today mining is usually paying for it is today mining is usually paying for itself within 2 to 3 years and then it's itself within 2 to 3 years and then it's itself within 2 to 3 years and then it's going to keep running for years later I going to keep running for years later I going to keep running for years later I haven't even started to get into the tax haven't even started to get into the tax haven't even started to get into the tax advantages that come with mining rather advantages that come with mining rather advantages that come with mining rather than just buying Bitcoin itself but than just buying Bitcoin itself but than just buying Bitcoin itself but let's just say computer equipment can be let's just say computer equipment can be let's just say computer equipment can be depreciated on a very short time frame depreciated on a very short time frame depreciated on a very short time frame and you can fully write off your and you can fully write off your and you can fully write off your operating expenses against your income operating expenses against your income operating expenses against your income which is something you can't do if you which is something you can't do if you which is something you can't do if you just buy Bitcoin on the open market if just buy Bitcoin on the open market if just buy Bitcoin on the open market if we compare all of that to a $200,000 we compare all of that to a $200,000 we compare all of that to a $200,000 rental property making $500 a month if rental property making $500 a month if rental property making $500 a month if you're lucky Real Estate Investors are you're lucky Real Estate Investors are you're lucky Real Estate Investors are usually thrilled with 8 to 12% usually thrilled with 8 to 12% usually thrilled with 8 to 12% compounding but do you realize that that compounding but do you realize that that compounding but do you realize that that barely outperforms inflation if at all barely outperforms inflation if at all barely outperforms inflation if at all and here's what really matters it's not and here's what really matters it's not and here's what really matters it's not just about better returns as an engineer just about better returns as an engineer just about better returns as an engineer what excites me most is how we get to what excites me most is how we get to what excites me most is how we get to reshape energy through digital reshape energy through digital reshape energy through digital infrastructure in our facilities infrastructure in our facilities infrastructure in our facilities specifically we are converting wasted specifically we are converting wasted specifically we are converting wasted energy capacity into productive use and energy capacity into productive use and energy capacity into productive use and helping our communities we stabilizing helping our communities we stabilizing helping our communities we stabilizing power grids as a flexible load and power grids as a flexible load and power grids as a flexible load and creating true energy Independence for creating true energy Independence for creating true energy Independence for communities across the Pacific Northwest communities across the Pacific Northwest communities across the Pacific Northwest by building this digital infrastructure by building this digital infrastructure by building this digital infrastructure that will power the future in Bitcoin that will power the future in Bitcoin that will power the future in Bitcoin mining and every other type of computing mining and every other type of computing mining and every other type of computing resource we're reshaping the landscape resource we're reshaping the landscape resource we're reshaping the landscape and reshaping economies so listen if and reshaping economies so listen if and reshaping economies so listen if you're sitting there looking for your you're sitting there looking for your you're sitting there looking for your next property deal I know how this next property deal I know how this next property deal I know how this sounds I was skeptical too I was a sounds I was skeptical too I was a sounds I was skeptical too I was a longtime real estate investor and I made longtime real estate investor and I made longtime real estate investor and I made the mistake so that you don't have to the mistake so that you don't have to the mistake so that you don't have to which is why when people reach out to me which is why when people reach out to me which is why when people reach out to me I start every conversation by I start every conversation by I start every conversation by understanding your specific situation understanding your specific situation understanding your specific situation and goals with this it's not a one-size and goals with this it's not a one-size and goals with this it's not a one-size fits-all and it isn't a fit for fits-all and it isn't a fit for fits-all and it isn't a fit for everybody we don't take every client who everybody we don't take every client who everybody we don't take every client who wants to work with us but if you want to wants to work with us but if you want to wants to work with us but if you want to book a call with my team and see about book a call with my team and see about book a call with my team and see about getting some of the limited space in our getting some of the limited space in our getting some of the limited space in our data centers you can follow abundant data centers you can follow abundant data centers you can follow abundant Minds on Instagram Twitter or YouTube Minds on Instagram Twitter or YouTube Minds on Instagram Twitter or YouTube and message us passive to get set up for and message us passive to get set up for and message us passive to get set up for a call you can also find a call booking a call you can also find a call booking a call you can also find a call booking link directly on our website at abundant link directly on our website at abundant link directly on our website at abundant minds.com I know this may not be minds.com I know this may not be minds.com I know this may not be something that you feel like an expert something that you feel like an expert something that you feel like an expert in yet I personally believe it'll look in yet I personally believe it'll look in yet I personally believe it'll look like one of the worst mistakes 10 years like one of the worst mistakes 10 years like one of the worst mistakes 10 years from now to ignore this income strategy from now to ignore this income strategy from now to ignore this income strategy altogether whether you're looking to altogether whether you're looking to altogether whether you're looking to allocate 25,000 500,000 or several allocate 25,000 500,000 or several allocate 25,000 500,000 or several million dollars to optimize your million dollars to optimize your million dollars to optimize your personal passive income strategy we'll personal passive income strategy we'll personal passive income strategy we'll find the best fit to position you find the best fit to position you find the best fit to position you personally in this new and evolving personally in this new and evolving personally in this new and evolving landscape the window of opportuni is landscape the window of opportuni is landscape the window of opportuni is here you can get ahead of the people not here you can get ahead of the people not here you can get ahead of the people not paying attention and we can build paying attention and we can build paying attention and we can build something meaningful together until next something meaningful together until next something meaningful together until next time like subscribe leave a a comment time like subscribe leave a a comment time like subscribe leave a a comment with what was most helpful to you and be with what was most helpful to you and be with what was most helpful to you and be sure to check out the other content that sure to check out the other content that sure to check out the other content that we're producing thank you so much [Music]