Where this was said
Ryan in Philadelphia: $3.5 Million Chicken Farm Dream
At 18:37 · chapter starts 10:25
Ryan calls from Philadelphia with one of the most audacious plans in show history: $600,000 for land, $3 million for four chicken houses, all financed at 23 with a child on the way. The poultry producer guarantees a gross of roughly $500,000 per year, but after expenses and loan repayment, Ryan would net only $90,000 — with the full $3.5 million on the hook regardless [1] — George Kamel "A 23-year-old with a baby on the way wanted to borrow $3.5 million to build four chicken houses. Even with a guaranteed $90K take-home, the…" 10:25 . George Kamel cuts to the chase immediately: this is a hard no. Jade Warshaw asks the killer question — what's the worst-case scenario? — and Ryan admits he hasn't fully thought it through. George then asks the structural question that exposes the deal: if this were such a money-making scheme, why isn't the billion-dollar poultry producer building the houses themselves instead of putting all the risk on a 23-year-old? [2] — George Kamel "Why would they put this on a 23-year-old? If it was such a money-making scheme, they would be taking on the risk instead of you." 18:37 The hosts suggest starting small with a homestead, scaling organically, and not conflating the desire for land with the need for $3.5 million in debt.
A 23-year-old with a baby on the way was considering $3.5 million in farm debt, netting only $90K/year while on the hook for the full loan regardless.
A 23-year-old with a baby on the way wanted to borrow $3.5 million to build four chicken houses. Even with a guaranteed $90K take-home, the math collapses — and the hosts ask the killer question: if this deal is so great, why isn't the billion-dollar poultry producer doing it themselves?
