Speaker 1: Hey everyone, this is Tatiana Manning, host of Real Talk
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Speaker 2: Talk about the money. This is the financing portion of
Speaker 2: your land and development. We're going to talk about institutional funding,
Speaker 2: seller financing, private lenders, and crowdfunding. Institutional funding. This is
Speaker 2: where the slides get less cute with visuals, right, but
Speaker 2: it's a serious matter. Farmers dot gov is a website
Speaker 2: that I want to tell everybody to check out. You
Speaker 2: might not have any intention of farming, but with what's
Speaker 2: going on with food sovereignty, being able to purchase land
Speaker 2: through the USDA and loan products that are available, as
Speaker 2: well as being able to take advantage of any grants
Speaker 2: and different things that are available with food sovereignty projects,
Speaker 2: it's a no brainer. Look into farmers dot gov. That
Speaker 2: is a great resource when you are purchasing land. Institutional
Speaker 2: funding is your typical funding. That's when you go to
Speaker 2: Wells Fargo, Bank of America, Chase, or Citizens Trust Bank,
Speaker 2: Unity Bank and you say, I want to buy this
Speaker 2: piece of land, I would like to build a home
Speaker 2: on it, and I would like to sell it. They've
Speaker 2: got the best rates, but it's the hardest to get
Speaker 2: so you're going to need to speak to multiple lenders,
Speaker 2: and you're going to do best by starting with a
Speaker 2: bank that you already have a relationship with. So this
Speaker 2: goes without saying, before you try your hand at investing
Speaker 2: in any land, you should be credit worthy. You should
Speaker 2: have an exceptional credit score. You should have money and
Speaker 2: savings in the bank. At least you know, twenty five
Speaker 2: percent of your disposable income should be saved in the
Speaker 2: bank before you start buying land and investing in this way. Yes,
Speaker 2: you can buy affordable land at affordable prices cash outright,
Speaker 2: and if that's the strategy you want to do, by
Speaker 2: all means, do it. But if you're going to do
Speaker 2: a development project of scale, you're going to need institutional
Speaker 2: funding and to get the best rates, and to even
Speaker 2: be considered by a traditional lender, you are going to
Speaker 2: need exceptional credit and experience that track record. Again, there's
Speaker 2: ways to get around it if you don't have a
Speaker 2: track record and no one on your team has a
Speaker 2: track record. By partnering strategically with your constructor your excuse me,
Speaker 2: your builder, your developer, speak with multiple lenders. Set up
Speaker 2: your LLC again, talk to that strategy, that business consultant,
Speaker 2: that strategist, that business attorney. Put your LLC into position
Speaker 2: by having the best, most credit worthy people on your LLC,
Speaker 2: people who have experience in maybe they have been a
Speaker 2: general contractor. If you have someone in your family or
Speaker 2: in your friend group, use the people who are in
Speaker 2: the best position to be able to go after institutional funding.
Speaker 2: If you do that, seller financing is the better option
Speaker 2: if you know you'd have less than perfect credit.
Speaker 3: No ash, hold on, ask because we got to hear that.
Speaker 3: We gotta hear that. The good folks that zoom something
Speaker 3: your sound.
Speaker 4: Kids going in and out, they're trying to sensor you
Speaker 4: like your sound your asking can you repeat that? Because
Speaker 4: your sound your sold is cutting off like every like
Speaker 4: ten minutes for like a minute. I don't know, I
Speaker 4: don't know what's going on, but can you can you
Speaker 4: start back at the beginning of seller financing.
Speaker 3: Please, we can't. We can't let that go on muted.
Speaker 2: Yes, I apologize. I probably have an unstable internet connection.
Speaker 4: It's all good any anytime, anytime that you do that again,
Speaker 4: because we don't want anybody to miss any information. Like
Speaker 4: when your sound goes out, we'll just start talking, because
Speaker 4: it's usually like only for like thirty seconds, So then
Speaker 4: we'll start talking, and then we could just bring you
Speaker 4: back into just so whenever you hear it start talking,
Speaker 4: just know that your sound cut out, and then we'll
Speaker 4: just bring you back in when your sound comes back on.
Speaker 3: Yeah, because I got my note to ash and I'm like, wait,
Speaker 3: what just happened?
Speaker 5: I get the information hook a crook man that's fat.
Speaker 3: Shout out to every shout out to everybody that has
Speaker 3: their hand raised. We're gonna get to that when Ashley
Speaker 3: finish with the presentation. We see the questions, We're gonna
Speaker 3: get to that, all.
Speaker 2: Right, bet. Seller financing, what I was saying is it's
Speaker 2: usually a better option because seller financing typically does not
Speaker 2: report to the credit bureaus. Sellers typically just want to
Speaker 2: get their money, and as long as you pay them,
Speaker 2: they have no reason to report to the credit bureaus.
Speaker 2: So that means your debt to income racial is not
Speaker 2: going to change because that debt that you have on
Speaker 2: that land is not going to be reported, so you
Speaker 2: know it, but nobody else is gonna know it. So
Speaker 2: seller financing means you could go and put loans out
Speaker 2: on twenty properties real quick and start flipping them on
Speaker 2: how you might see it as an opportunity, and your
Speaker 2: debt to income reach is not going to change, and
Speaker 2: you'll be able to move on your projects or get
Speaker 2: institutional funding as needed or additional credit cards as needed
Speaker 2: without these land deals being on your credit report and
Speaker 2: pulling your debt to income ratio to a lower score.
Speaker 2: So with seller financing is scamming season, so be careful.
Speaker 2: People will put a picture of a property up at
Speaker 2: like they are the seller, and you go and you're like, oh,
Speaker 2: I just bought twenty five acres for five stacks, and
Speaker 2: you did not just buy twenty five acres for five stacks.
Speaker 2: So make sure you are doing your due diligence, that
Speaker 2: you're checking the tax records to make sure that the
Speaker 2: person who says that they are the owner the seller
Speaker 2: is the seller. Check with the listing agent, make sure
Speaker 2: that the listing agent is is an official broker, and
Speaker 2: you protect yourself in every former fashion by going through
Speaker 2: a closing attorney on your seller financing deal. That's how
Speaker 2: you cover your assets. Okay, don't go do a seller
Speaker 2: financing deal straight up, and you might not actually end
Speaker 2: up buying this land, unless, of course, you are again
Speaker 2: a season investor, a season real estate investor that's used
Speaker 2: to buying properties and putting deeds in at the tax
Speaker 2: assessor's office and with the court in the county. If
Speaker 2: that's not you, you need a real estate agent and
Speaker 2: you need a close an attorney to ensure that your
Speaker 2: transaction with the seller goes through smoothly. Another note, with
Speaker 2: seller financing, or what's also known as owner financing, you
Speaker 2: negotiate with the You can negotiate what you want and
Speaker 2: they can negotiate what they need. So it could be
Speaker 2: a twenty percent down payment, it could be a fifty
Speaker 2: percent down payment. It can be a flat monthly rate
Speaker 2: of interest only with a balloon payment at the end.
Speaker 2: So make sure that you do good negotiating so that
Speaker 2: you get the best financing terms possible so that you
Speaker 2: don't end up overpaying for this price. Of land. Because
Speaker 2: if that's the case, you hustling backwards. So negotiate. Make
Speaker 2: sure that you got your best negotiator doing the negotiating,
Speaker 2: and you don't lose your shirt because you're financing and
Speaker 2: an exorberate interest rate, you're putting too much money down.
Speaker 2: Any of those things can be a bad situation. So negotiate, negotiate, negotiate,
Speaker 2: and make sure final note that the owner owns the
Speaker 2: proper the outright. Ideally, if the owner doesn't own the
Speaker 2: property outright, don't buy it. If the property itself has
Speaker 2: a mortgage on it, that's going to be more than
Speaker 2: the down payment you're going to pay, because when you
Speaker 2: pay that down payment, you want that down payment to
Speaker 2: clear the mortgage. No out that way, you can end
Speaker 2: up with the deed in your name from that moment
Speaker 2: you leave the closing table. That deed being in your
Speaker 2: name means it's your property. You can get USDA farm benefits,
Speaker 2: you can get all of the things that you need.
Speaker 2: But as long as there's a mortgage on that property
Speaker 2: in that seller's name, this deal is a no go.
Speaker 2: In most states, you can't have a property and sell
Speaker 2: it while you still have a mortgage on it, So
Speaker 2: be mindful that that mortgage needs to get cleared, and
Speaker 2: if it can't get cleared, it needs to be assumed,
Speaker 2: and you need to go through the process of legally
Speaker 2: assuming that mortgage with the mortgage holder and do it
Speaker 2: the right way because you do not want to lose
Speaker 2: your money. Private money lenders highest interest rates, hands down,
Speaker 2: that's not the way to go if you can avoid it,
Speaker 2: but it's easier to get most cases. It's based on
Speaker 2: the deal. And you can also get private money from
Speaker 2: family and friends if you are lucky enough to have
Speaker 2: people who are financially astute and who have savings and
Speaker 2: are interested and able to invest in deals like landdills
Speaker 2: and new construction opportunities. So if you have somebody in
Speaker 2: your circle, go get that private money. First, negotiate, negotiate, negotiate,
Speaker 2: win win right, And if you don't have private money
Speaker 2: of avail to you in your own personal network, you
Speaker 2: can go to a hard money lender. Heard money lenders
Speaker 2: are essentially borrowing the money of all the people in
Speaker 2: their network to be able to make loans to you
Speaker 2: at exorberant interest rates. A good interest rate for somebody
Speaker 2: who has a pretty good credit score. Who wants to
Speaker 2: bus and move before their business has been in business
Speaker 2: for at least six months. Because typically all of these
Speaker 2: financing opportunity options, except for seller financing, you're gonna want
Speaker 2: to be in business for at least six months, unless
Speaker 2: you are doing a farming business in which you can
Speaker 2: use a USDA startup loan to fund your land purchase
Speaker 2: and your farming operational expenses. But otherwise you are going
Speaker 2: to need to have been in business for at least
Speaker 2: six months, unless you're again going with a hard money lender.
Speaker 2: If not your heart, your heart money lender is going
Speaker 2: to look at the credit score of the primary or
Speaker 2: the managing partner. If that person has like a seven
Speaker 2: hundred credit score or better, you don't have to have
Speaker 2: been in business for six months. Again, typically the deal
Speaker 2: will dictate the private money lenders situation where you might
Speaker 2: not need to have good credit, but you definitely need
Speaker 2: to go and have these conversations again negotiating with your
Speaker 2: private money lenders. My favorite private money lender is direct
Speaker 2: Lending Partners. They typically do not do deals on land.
Speaker 2: Most private money lenders or hard money lenders do not
Speaker 2: do deals on just land. But again this is America.
Speaker 2: Anything is possible when you negotiate and open your mouth.
Speaker 2: Crowdfunding less hoops, less successful crowdfunding. When we started our
Speaker 2: when we decided to purchase land and we were looking
Speaker 2: at Toomsboro, we went on to go fund me and
Speaker 2: we looked and seen about fifteen or twenty crowdfunding campaigns
Speaker 2: of people trying to fundraise the one point seven million
Speaker 2: dollars for the city of Toombsborough. Right, crickets on all
Speaker 2: of the on all of the crowdfunding, Like, nobody raised
Speaker 2: more than like a thousand dollars on any of these
Speaker 2: crowdfunding website on this GoFundMe. So crowdfunding, while everybody gets
Speaker 2: really excited about it as an option, it's not usually
Speaker 2: successful unless you're very strategic and you have a huge
Speaker 2: marketing campaign and a great story. We were able to
Speaker 2: raise over eighty seven thousand. We're almost close to our
Speaker 2: eighty eight thousand dollars goal, and we used that as
Speaker 2: a kind of like a building fun where we were
Speaker 2: able to clear our land and put down gravel and
Speaker 2: you know, lay down areas for us to do our
Speaker 2: uh pavilions and our stages and all those types of things.
Speaker 2: And so that was a long and hard process to
Speaker 2: raise eighty eight thousand dollars and we still haven't reached
Speaker 2: our goal. So I crowdfunding is an option. It doesn't
Speaker 2: take a lot other than a strong story and marketing campaign,
Speaker 2: but they don't tend to go as far or be
Speaker 2: as successful as you would like them to be. And
Speaker 2: it takes a ton of money to be able to
Speaker 2: genuinely develop large projects, especially when they don't have, you know,
Speaker 2: connection to certain infrastructure. So crowdfunding is definitely a later choice.
Speaker 2: And then there is regulation crowdfunding which you can raise
Speaker 2: up to one million and seventy thousand dollars. I'm not
Speaker 2: very familiar with crowdfunding, and I would love if Troy
Speaker 2: and Rashad could get somebody who has done some crowdfunding
Speaker 2: in the EYL University at some.
Speaker 4: Point, because yeah, yeah, we did Chris Senegal Chris Senegal,
Speaker 4: and I'm sure he'll come back again and get he
Speaker 4: could do it.
Speaker 5: We can do a class on crowdfunding for sure. Yeah.
Speaker 4: He had a very he had a very successful crowdfunding
Speaker 4: campaign that they raised over a million dollars.
Speaker 2: See what I'm saying. So we I can't speak to that.
Speaker 2: But that right there, this is how we really start
Speaker 2: to develop land. Deal. So that's something that you guys
Speaker 2: are gonna come back, have to become earners and come
Speaker 2: back and get this class when it comes. All right,
Speaker 2: So let's get to the bill. The discovery period. There's
Speaker 2: a master planning period, there's a design phase of construction
Speaker 2: and marketing. Discovery starting from scratch means you need to
Speaker 2: discover the limitations and the restrictions of the land. I
Speaker 2: saw somebody in the comments say something about feasibility studies.
Speaker 2: That's this moment of discovery. Right. You can do a
Speaker 2: feasibility study before you buy the land, but that's a
Speaker 2: whole lot of money to put into something and then
Speaker 2: decide not to buy it or go forth. If you
Speaker 2: study the area, you do your due diligence, you know
Speaker 2: what's happening in the community. You've got a clear vision.
Speaker 2: When you purchase that land. You can do your feasibility
Speaker 2: study after the fact. Because developing land is really a
Speaker 2: lengthy process. It's not an overnight success type situation. It's
Speaker 2: going to cause for a civil engineer to come in
Speaker 2: to study the grating and the slopes of the land.
Speaker 2: There's gonna be someone who goes and drills into the
Speaker 2: dirt to see how much weight the dirt can withstand,
Speaker 2: so you know how high you can build, and what
Speaker 2: you can build, and what kind of materials there's gonna
Speaker 2: be best based on the climate. I'm skipping ahead, but ultimately,
Speaker 2: this discovery period is where you're gonna get your topographical
Speaker 2: survey done and you're gonna want to understand the demographics
Speaker 2: of the area. Again, what the median income is, are
Speaker 2: people graduating from college? Is the crime rates high? All
Speaker 2: of that good stuff. So that is your discovery period,
Speaker 2: your master planning period. This is where you're a person
Speaker 2: that you hired as your master planner, looks at where
Speaker 2: we're gonna put everything at the infrastructure and the roads,
Speaker 2: ingress and egress means how you go into the neighborhood,
Speaker 2: how you go out of the neighborhood, how you go
Speaker 2: into your driveway, how you go out of your driveway,
Speaker 2: waste management, stormwater runoff. They're gonna plan all of these things.
Speaker 2: You are not the person that does that. There's a
Speaker 2: master planner, a developer or architect, a civil engineer. There
Speaker 2: are a team of experts that sit down and do
Speaker 2: your master planning if you're doing a large scale project.
Speaker 2: If you're doing a smaller scale project, you still need
Speaker 2: the same people, but you might be able to work
Speaker 2: with a boutique company that has two, three, four people.
Speaker 2: Maybe we're in the same hat.
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Speaker 2: But master planning happens nonetheless. Master Planning can cost anywhere
Speaker 2: from one hundred and fifty dollars to seven fifty an hour,
Speaker 2: depending on the experience of the master planner, and so
Speaker 2: you could be looking again depending on the amount of
Speaker 2: the acreage of the project. Are we talking about developing
Speaker 2: ten acres of land? One acre of land? Are we
Speaker 2: talking about developing four hundred acres of land? That master
Speaker 2: plan to lay out those streets, those roads, all of
Speaker 2: that's designed from the information they got in discovery, from
Speaker 2: that topography report. They're gonna do all of that, and
Speaker 2: it can cost anywhere from ten to fifty thousand or more,
Speaker 2: depending on how much land you are getting planned and
Speaker 2: who the planner is. Design phase designing is the next
Speaker 2: step to your development process. This goes beyond that initial
Speaker 2: discovery phase into building homes and structures and retail and
Speaker 2: commercial based on the climate the area, the needs of
Speaker 2: the citizens. Areas that are prone to like tornadoes and hurricanes,
Speaker 2: they will require different kind of building materials than places
Speaker 2: that are dry and don't have those type of climate
Speaker 2: changes and issues. So all of that can increase the
Speaker 2: cost of what you're designing. And this is where you
Speaker 2: can make a lot of money or lose a lot
Speaker 2: of money because you can overly design and you design
Speaker 2: something that's too high end for the area, and now
Speaker 2: you're not selling because it was not the kind of
Speaker 2: design for this neighborhood, community and culture. Purchasing land where
Speaker 2: there's wetlands, deep valleys, other topic, graphical challenges. That's gonna
Speaker 2: create larger budgets because now you're talking about building bridges
Speaker 2: and how you lay in your foundation. So all of
Speaker 2: that stuff is a part of the design fast and
Speaker 2: it's gonna create and have a certain budget that will
Speaker 2: change according to the complexity of the design and the uh,
Speaker 2: what's the word I want to use, the style, the
Speaker 2: aesthetic of it, Okay, construction. This is the second to
Speaker 2: the last stage of the rawland development process. In most cases,
Speaker 2: it's gonna be the first year horizontal development. That's the
Speaker 2: grading of your roles, that's the curves, that's utilities. Eventually
Speaker 2: you know you're gonna start building the property from the
Speaker 2: ground up. When you looking for a contract or your
Speaker 2: construction team, they're gonna get paid in increments from your
Speaker 2: construction loan, and once they have gotten all of the
Speaker 2: construction done, you're ready to go onto the next phase.
Speaker 2: And construction again can take longer time frames based on
Speaker 2: the complexity of the design, the materials, chant leaks in
Speaker 2: the supply chain, or of trying to get certain materials
Speaker 2: to you. If you have certain materials that you are
Speaker 2: using because you're committed to green building, or you have
Speaker 2: a high end design, all of that can lead to
Speaker 2: higher budgets and costs. When you're looking for a contractor
Speaker 2: or contractors, you can google what state, what city you're in.
Speaker 2: If you want to hire you know a minority contractor
Speaker 2: a black contractor, google that put Georgia Minority Contractors Association,
Speaker 2: put floor or the Black Chamber of Commerce, put DC
Speaker 2: Business League into the results. Call them up and find
Speaker 2: a reputable contractor. If you don't already have someone you know.
Speaker 2: In branding and marketing, that's the last stage once you've
Speaker 2: gotten your building done. Before you've gotten your building done,
Speaker 2: to be perfectly honest, branding and marketing is what's going
Speaker 2: to sell this community that you just invested your time,
Speaker 2: energy and money into. Branding is how you sell, tell
Speaker 2: the story of why you built it, and attract your
Speaker 2: ideal residents to the community. And marketing is that active
Speaker 2: placement of materials and formats that will allow them to
Speaker 2: see that story and get that story in front of
Speaker 2: the masses so I can show you better than I
Speaker 2: can tell you. And I'm gonna take you to community
Speaker 2: right here in Georgia that's dope. In marketing, this is
Speaker 2: called Trillist. This is a community that's been being built
Speaker 2: over the last ten years. It's actually a community that
Speaker 2: was founded by a production studio called pine Wood Studios.
Speaker 2: It's in Fayetteville, Georgia. This marketing is what attracts their
Speaker 2: ideal client. Their values is what attracts their ideal client.
Speaker 2: The community that they are building is for makers, entrepreneurs,
Speaker 2: and storytellers where they can fine fulfillment in every way.
Speaker 2: This is branding a community tailor made for storytellers. Well,
Speaker 2: it was a studio that purchased land built it up,
Speaker 2: similar to what Tyler Perry did when he purchased land
Speaker 2: in East Point to build Tyler Perry Studios. They built
Speaker 2: a community. That's that economic development. It's got restaurants in there,
Speaker 2: homes and so when you are considering land development and
Speaker 2: what you're buying, things happen in phases. And so I
Speaker 2: wanted to show you this because when you start talking
Speaker 2: about doing a land project, you have to have vision
Speaker 2: and you have to know where you're going. So I
Speaker 2: wanted to show you, guys Trillis, and I'm going to
Speaker 2: show you got close that door, please star, thank you, Yes,
Speaker 2: and Saraenbi Georgia again marketing. It just looks like the
Speaker 2: kind of place where you want to live. Right, They
Speaker 2: got goats. So when you start thinking about your project,
Speaker 2: begin with the end in mind, and think about who's
Speaker 2: going to live here, and build for them, and build
Speaker 2: in a way that the story is compelling. That's what
Speaker 2: we're doing with Freedom Georgia. All right, now, I'm going
Speaker 2: to take you guys to the final stage. And I
Speaker 2: got three minutes before we go to questions, some insight
Speaker 2: and inspiration. Don't wait for opportunities to come, get up
Speaker 2: and make them, Madam CJ. Walker. The charter chartering a city. Listen,
Speaker 2: if you are interested in chartering a city, hit me up.
Speaker 2: But the reality is, as we begin to be more
Speaker 2: strategic and work these ideas and principles of group economics
Speaker 2: and collective economics, and we're building collectively communities that are safe,
Speaker 2: that are driving the logical next step is a city charter.
Speaker 2: A city charter is going to open you up for
Speaker 2: benefits that will give you more control over your community
Speaker 2: long term. When it comes to how your community is developed, police,
Speaker 2: the zoning, the ordinances, the health outcomes, how money that
Speaker 2: gets sent down from the federal government to the state
Speaker 2: government gets distributed is based on these cities and their
Speaker 2: populations and density. So we really got to look at
Speaker 2: how being a city and taking these developments where we're
Speaker 2: building our own infrastructure, building our own culture of shared values.
Speaker 2: Then we turn go to the next step, which is
Speaker 2: a city charter and electing officials who are going to
Speaker 2: represent our values and do what's best for the residents
Speaker 2: that live in this city. This is called placemaking is
Speaker 2: what we're doing. It's not just about land developing. This
Speaker 2: is about making places where people feel safe, where people
Speaker 2: have of peace, protection, prosperity, and a city is a
Speaker 2: government structure that allows that to actually happen. So that's
Speaker 2: our next step. That's what we're going with this. So
Speaker 2: get strategic. Work together with your comrades, with your partners,
Speaker 2: with your like minded business folks in the area, get
Speaker 2: with your economic development authority, get with your black chambers
Speaker 2: of commerces, and let's start building these cities according to
Speaker 2: our needs, our desires. This is how we be strategic.
Speaker 5: That was powerful.
Speaker 4: Thank you, Thank you that that was an amazing presentation.
Speaker 5: So I don't want people to take that likely.
Speaker 4: It's like, you know, for all the years that we
Speaker 4: go to school, whether it's elementary, high school, college, even
Speaker 4: master degree programs. Me personally, I never, you know, was
Speaker 4: taught the process of buying land and this stuff is.
Speaker 4: You would think that this would be one of the
Speaker 4: key things that would consist of an educational experience because
Speaker 4: we all have to live somewhere and land is the
Speaker 4: key component of the planet Earth. And it never, it
Speaker 4: never was actually taught to ninety nine percent of us.
Speaker 4: So it's amazing that you were able to come on
Speaker 4: here and teach this and we're thankful, so thank you
Speaker 4: for that. And you know, it's also amazing that we
Speaker 4: was able just to even have this platform to actually
Speaker 4: educate people.
Speaker 5: And it's the very encouraging thing.
Speaker 4: And I'm sure everybody is extremely appreciative of it, but
Speaker 4: do not take it for granted. Sometimes when you when
Speaker 4: you get things and it's free, you don't fully appreciate it.
Speaker 4: But it's like, you know, this could have been Harvard,
Speaker 4: this could have been Yaled, this could have been any
Speaker 4: any level of education. I would I would argue that
Speaker 4: this was this was right up there and better than
Speaker 4: when anybody else could have done, whether Oxford, anywhere in
Speaker 4: the world. So that's that's extremely powerful. And now, like
Speaker 4: I said, this kind of information can literally change the
Speaker 4: trajectory of our you know, existence in this country and
Speaker 4: is something that we have not known about for hundreds
Speaker 4: of years, for centuries. So now that we're coming into
Speaker 4: this information, it's important that a we learn as much
Speaker 4: as possible, we apply it, and also we work together
Speaker 4: as a group. So yeah, that's that's something that is
Speaker 4: extremely extremely powerful. So once again, thank you. So what
Speaker 4: we're gonna what we're gonna go into now is question
Speaker 4: answers for about twenty minutes. So once again, if anybody
Speaker 4: joined late, this is a special edition of eyl University,
Speaker 4: so once a month, every single month. So with eyl University,
Speaker 4: we're educational platform. Outside what you see on the podcast,
Speaker 4: the podcasts are episodes where you learn a lot. This
Speaker 4: is more of a hands on learning experience. So every
Speaker 4: single Wednesday at eight o'clock Eastern end of time, we
Speaker 4: bring experts from the field in and they teach a
Speaker 4: class via Zoom and it's on everything everything from how
Speaker 4: to wholesale real estate, to how to analyze the real estate,
Speaker 4: they'll investing, cryptocurrency, you name it.
Speaker 5: We've had a class and we're gonna have more classes.
Speaker 4: And then that's every week, and then every other Sunday
Speaker 4: is our book club headed up by Troy. And then
Speaker 4: the alternate Sunday is mg no mortgage guy. He has
Speaker 4: a real estate call and then once a month I
Speaker 4: do a financial planning call. So those are all the
Speaker 4: things that are in existence of Eyo University now right now.
Speaker 4: But as I said, we're actually we're putting Eyo University,
Speaker 4: the undergrad Department, as you know it, We're gonna We're
Speaker 4: gonna end it. This is This will be the last
Speaker 4: week of Eyo University as you know it. We're taking
Speaker 4: a winter break for two weeks and then we're coming
Speaker 4: back in twenty twenty one. We're coming back in twenty
Speaker 4: twenty one with a whole new, revamped product. We're gonna
Speaker 4: have a professor sery where we're bringing in experts to
Speaker 4: teach classes four times a year. So it's not just
Speaker 4: gonna be one off because sometimes it's hard to learn
Speaker 4: with just a one off class.
Speaker 5: So we're gonna do four different classes. This Business is gonna.
Speaker 4: Teach about taxes, ash Cash, you gonna teach about financial literacy.
Speaker 4: Brandon Rule will teach about real estates, so Being will
Speaker 4: teach about all things legal.
Speaker 5: Quentin Martin will be our investor teacher. Kwame Uncle will teach.
Speaker 4: About a variety of different business topics, and Credit Do
Speaker 4: will teach about.
Speaker 5: The world of credit.
Speaker 4: And h Ashley I heard might be interested in being
Speaker 4: a professor also, so I don't want to put her
Speaker 4: on the.
Speaker 2: Spot, but I already said I am down, So.
Speaker 5: Let me ask you this because you're you're a member
Speaker 5: of eyl University. How has your experience been so far?
Speaker 5: You just joined a couple of days ago, But howd.
Speaker 2: Your it was not a couple of days ago. It's
Speaker 2: been a couple of leagues. Thank you much. Don't trying
Speaker 2: to play me like I just signed up, Like I
Speaker 2: just jumped on your bandwagon.
Speaker 1: Brother.
Speaker 2: Okay, I actually signed up after I did the first
Speaker 2: e y L University with y'all. One of my partners,
Speaker 2: Greg Mullen, shot out to him shout the shout out
Speaker 2: to cav He's also Erner, So I was like, oh,
Speaker 2: I can't have Kevin and Greg getting all this good
Speaker 2: information without me. So yeah, it's been a great experience.
Speaker 2: Like I've just been going hard in the real estate section.
Speaker 2: But it's like so many classes, Like I'm not even
Speaker 2: like it's too much. I'm like it's a lot, Like
Speaker 2: it's stuff. Though I've watched two classes. I literally sat
Speaker 2: there like taking notes, and I was blown away by
Speaker 2: the level of information and insight that I was able
Speaker 2: to get. As somebody who know a little something, you know,
Speaker 2: I still was able to learn, which is really cool.
Speaker 3: Yeah, we're gonna do we always we're always gonna over
Speaker 3: deliver an under promise. That's that's that's kind of how
Speaker 3: we live in right now.
Speaker 5: And it's like the.
Speaker 4: Most the most successful people always are investing themselves in uh.
Speaker 4: But actually obviously she's an extremely intelligent person and she's like, yo,
Speaker 4: I want to be an earner. I'm not I'm not
Speaker 4: above being a member of Eyo University.
Speaker 5: And she joined.
Speaker 4: I didn't even know she was joining. She joined and
Speaker 4: she became a member, and she she's studying herself. So
Speaker 4: that's that's dope. And that's that says a lot, So
Speaker 4: thank you for that. So we're gonna get to questions.
Speaker 4: But before we do, like I said, this this is
Speaker 4: the last thing that we're gonna do for ey University.
Speaker 4: This this uh this year. On Monday, we're changing it
Speaker 4: and then we're gonna come back January first. If you're
Speaker 4: interested in joining Eyo University, Like I said, we're revamping
Speaker 4: this whole thing. We with the revamp, everything is changing,
Speaker 4: including the price. The price is gonna double because we
Speaker 4: have we're paying professors now, we got a full time admin.
Speaker 4: Everything is changing. We're really really taking it to the
Speaker 4: next level. If you joined today it's forty percent off,
Speaker 4: which is four hundred dollars, four hundred dollars for the
Speaker 4: entire year, including seventy classes, all stuff I just named,
Speaker 4: your grandfathered them for that price next year. And yeah,
Speaker 4: so this is the last forty eight hours. You got
Speaker 4: forty eight hours before that changes. So if you're interested,
Speaker 4: I pinned it in YouTube. It's Eyo University dot Com
Speaker 4: into promo code freedom at the end at checkout.
Speaker 5: And I mean, like, realistically, four hundred.
Speaker 4: Dollars, that's that's like a that's a good dinner with
Speaker 4: two people in New York City. That's a good dinner,
Speaker 4: two people, a bottle of wine. So to have this
Speaker 4: level of education, I think that we there's nothing comparable
Speaker 4: to it, especially for that price point. I mean, people
Speaker 4: charge ten thousand dollars, nine thousand dollars for that level
Speaker 4: of education for a lot less, A lot less.
Speaker 3: Actually, I always say, man, there's there's no platform that
Speaker 3: has this much information in so many different areas. Man.
Speaker 3: So like you said, this is this is this in college.
Speaker 3: This is like two textbooks that you're not even gonna
Speaker 3: use because they're gonna give you a new version of
Speaker 3: it the next semester.
Speaker 5: So Ashley.
Speaker 4: Ashley's presentation was a book that was actly like a
Speaker 4: book like if you if you put that in book form,
Speaker 4: that's about one hundred and forty.
Speaker 3: Pages, and that was a scaled down version.
Speaker 5: Yeah that's crazy. That's crazy.
Speaker 4: So so yeah, we're interested in having all you guys
Speaker 4: join is pinned.
Speaker 5: I'll put it back into YouTube.
Speaker 4: It's Eyo University dot Com into promo code Freedom, and
Speaker 4: the price will be doubling. It's the first time the
Speaker 4: price has ever doubled. But we can do that in
Speaker 4: good conscious because we're giving you a heads up. So
Speaker 4: we're giving you a heads up that the price is
Speaker 4: doubling in two days.
Speaker 7: My graduates from my school being forced back drop drop
Speaker 7: Mike drop back drop drop.
Speaker 8: An illegal alien from Guatemala charged with raping a child
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Speaker 8: some of the heinous migrant criminals caught because of President
Speaker 8: Donald J. Trump's leadership. I'm Christy Noman, the United States
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Speaker 8: Do what's right, leave now. Under President Trump, America's laws,
Speaker 8: border and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security,