What did you think of todays show??A Hawaii broker tracked Mike down by email to warn him a Pace Morby sub-to deal had collapsed, the investors were headed for the SEC, and the people at the top had already paid themselves. In this episode, Mike and Dylan break down who actually profits when a deal goes wrong, from wholesalers who squeeze the seller after the inspection to syndication fees you pay whether the fund performs or not. Plus, why a record slice of the stock market belongs to almost nobody.Topics discussed:Introduction (00:00)Working and closing deals while you travel (2:12)The $2 bill trick that builds business connections (4:05)The Pace Morby deal headed to the SEC (5:49)How the top five paid themselves first (8:28)Two kinds of operators: revenue vs sustainability (13:00)Why "equity pirate" wasn't really an insult (14:27)You don't know your ethics until you're tested (15:44)The price-drop that got wholesalers banned (17:40)Syndication fees you pay for zero performance (20:12)The 30-year mortgage tops 5% again (22:26)The stock market's record concentration at the top (30:01)Why companies, not governments, may run everything (31:35)Follow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com (https://podcastboutique.com/)