$20m Net Worth After 25 Years Buying Businesses

Yeah.

So I actually bought an existing indoor batting cage. Kind of very weird. So it was on some land in Mansfield, Texas, just kind of south of Fort Worth. The guy that owned this land had two really good daughters, really good softball players with daughters.

And so now we had all this industrial equipment come in. And now I went from having one customer to having like 50. And we quickly went from.

And lucky that I did it. It's. It's hard to prepare for the future when you don't know what the future holds. That the one and a half million dollars a year that we were getting out of XTO three or four years after I purchased it was about $150,000 a year. So they're in his.

Sorry, say that again.

So when we bought this xto and XTO was natural gas. And natural gas way back then was $12 a British thermal unit, or however they, they measure that. Well, it went way down and a bunch of companies, it went, went from 12 down to around three.

And so there's a lot of turmoil in the industry. A lot of people were going bankrupt and things like that. So people just weren't drilling near as much as they were because it wasn't financially viable to do so.

So we didn't have near as much work to do. So we pivoted. We, of course we pivoted before this happened. Luckily that we did.

Lucky that you did.

Right. So again, bad luck before, this was good luck this time, right where we pivoted now, about 70 or 80% of our revenue was inside our facility, sandblasting and painting exposed trailers and things like that. So when that revenue went down 70 or 80 or 90%, we had kind of offset that with bringing in about the same amount of revenue for in house work. So I ended up selling that company.

But that building that I bought, so that was my first venture into owning real estate. Not that I had any grand vision of, hey, I want to be a real estate entrepreneur or anything like that. I just bought that first business, first building, because we needed it, right.