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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: All right, guys, So a lot of people asks us

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Speaker 3: how do they make a podcast? So I'm let you

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Speaker 3: dot fm to get started. Let's do it.

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Speaker 4: My graduates from my school being forts backdrop.

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Speaker 3: Bag drop, Mike drop back, drop drop. I hope everybody

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Speaker 3: got a chance to check out to kill a mic episode.

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Speaker 3: That's all right now on all platforms. The young legend himself, Chris,

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Speaker 3: what's going on? Brother?

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Speaker 5: Are y'all?

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Speaker 3: Oh we're great, bron how you I'm great?

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Speaker 5: Man, I'm great, blessed man. Can't complain, yo, man.

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Speaker 2: We gotta make it back to age down, that's a fact.

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Speaker 3: Yeah, we can't wait.

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Speaker 6: It was.

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Speaker 5: It was, it was too short.

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Speaker 2: That was our first time. It was definitely a memorable one.

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Speaker 5: The right and then COVID hit right before y'all were

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Speaker 5: coming back right, Yeah, we was.

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Speaker 3: We was talking to you, and I was talking to

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Speaker 3: you trying to work out like venues and eights and

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Speaker 3: all that. Then was like they had the rodeo going

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Speaker 3: on and it was a bunch of stuff. We had

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Speaker 3: to push it back because we had Philly and we

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Speaker 3: actually could we couldn't get either one off. We had

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Speaker 3: to cancel Philly like two days before, and Houston was

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Speaker 3: supposed to be after Philly. So God will and whenever

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Speaker 3: this thing clears up finally, man, we're coming back. Were

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Speaker 3: coming back to Houston, full, full steam ahead.

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Speaker 5: Gotta make it happen, man, gotta make it happen.

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Speaker 2: We had a good time out there.

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Speaker 3: Chris shout out to Htown, Man, shout out to Htown

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Speaker 3: for sure. Man. So yeah, man, we're gonna just you know,

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Speaker 3: let people settle in here. But once again, thank you

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Speaker 3: for joining us. I feel like, you know, we just

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Speaker 3: shot your episode. It's crazy how time flies.

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Speaker 7: That was man, Yeah really but man, just watching the

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Speaker 7: trajectory of ey L Man, it's been it's been phenomenal

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Speaker 7: to watch.

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Speaker 8: Man.

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Speaker 5: I'm like the biggest fan.

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Speaker 2: Yeah, man, we shot that, we shot your episode.

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Speaker 9: We went to we did our Houston open house in

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Speaker 9: a sense really meet and greet.

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Speaker 2: I was like, yo, man, we got a special one

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Speaker 2: with you. I love that.

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Speaker 3: Yeah that was that was dope, man. That was dope.

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Speaker 3: So yeah, if anybody's not familiar Chris Sinega a legend

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Speaker 3: in his own right episode thirty six at Lisia, you

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Speaker 3: should definitely check that out if you get a chance.

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Speaker 3: So at the time, this is actually dope because at

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Speaker 3: the time he was like in the process of like

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Speaker 3: he brought a whole block in Houston. So I won't

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Speaker 3: go over the whole story because it's in the episode.

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Speaker 3: So what happened is that, you know, he was a

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Speaker 3: real estate developer and then he brought a whole block

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Speaker 3: in Houston, Texas in the Fifth Ward, which at the

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Speaker 3: time was run down like prostitution, drugs, stuff like that,

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Speaker 3: and he changed the whole the whole face of the

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Speaker 3: block and he put like townhouses up. But what makes

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Speaker 3: him different is that he's not just you know, bringing

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Speaker 3: people in, just you know, gentifying the neighborhood. So what

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Speaker 3: happens a lot of times and and poor working class

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Speaker 3: neighborhoods is that you know, people do well for themselves, right,

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Speaker 3: they grow up in the neighborhood. But they might become

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Speaker 3: a doctor, a lawyer, accountant, or whatever. Right, maybe they

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Speaker 3: get a six figure job, and then they move into

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Speaker 3: the suburbs. So the problem with doing that is that now,

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Speaker 3: as we put in the post today, the suburbs the dollars.

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Speaker 3: It helps their school district, that helps their roads that

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Speaker 3: you know, their infrastructure, and meanwhile the hood place you

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Speaker 3: grew up in never gets that. But what does come

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Speaker 3: is that now people that are not from that neighborhood

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Speaker 3: come into that neighborhood and then they start investing. And

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Speaker 3: now what happens is that the people that the culture

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Speaker 3: actually changes and the people gets pushed out. So he

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Speaker 3: had the idea, like to say, okay, well, why don't

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Speaker 3: we bring the people that are originally from this neighborhood.

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Speaker 3: They got families in this neighborhood that grew up in

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Speaker 3: this neighborhood or just grew up in similar type of

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Speaker 3: neighborhoods and bring them back. Right, so working class professionals

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Speaker 3: instead of going to the suburbs, come back into the

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Speaker 3: inner city and let's change the culture of it, like

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Speaker 3: let's get better schools, let's get you know, let's make

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Speaker 3: it a safe environment. Let's do all that, but let's

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Speaker 3: do it responsibly. So he was like the first person

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Speaker 3: that we really interviewed that at that that strategy. And

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Speaker 3: so from now and I'll let him tell it better

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Speaker 3: than I can, but from from that point until now,

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Speaker 3: he he brought and sold. He built and sold five homes.

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Speaker 3: He started working on eight. He started, he's starting working

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Speaker 3: on eight next month. He purchased eighteen houses in two

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Speaker 3: commercial buildings in March, and so he's actually like in

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Speaker 3: the process of actually buying back the block in real time.

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Speaker 9: So it's fitting because you know, shout out, shout out

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Speaker 9: to Houston. But like when I think of Houston, I

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Speaker 9: think a scarface and his knee had to saw my block. Yeah,

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Speaker 9: I'm looking like, yo, Chris really did.

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Speaker 2: It, And this who happens?

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Speaker 9: When we went there, we stayed in the fifth ward,

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Speaker 9: third ward door door World, third Ward, and I was like, yo,

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Speaker 9: I remember one day we lost I thought we lost Shotty.

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Speaker 9: I was like, yo, bro, yo, everybody seem Shotty and yeah,

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Speaker 9: we couldn't find him. We like, yo, damn, I think

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Speaker 9: somebody followed us to the crib bro they got him.

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Speaker 9: He's like walking like aimlessly down the block, like this

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Speaker 9: is a nice neighborhood. He's like, you know, I just

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Speaker 9: saw Chris Senegal. He's scouting.

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Speaker 3: They thought I got kidnapped. Was running out the house,

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Speaker 3: like where is he? Where's he at? Like I'm like,

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Speaker 3: I just took the shoulder the neighborhood. Man. They literally

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Speaker 3: thought I got kidnapped in Houston, right. But but yeah,

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Speaker 3: so Chris, So what we're going to do is I'm

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Speaker 3: gonna let you go through your presentation all that, but

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Speaker 3: before we even start anything that I missed out as

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Speaker 3: far as the backstory or where you're at now, as

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Speaker 3: far as the development things of that nature.

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Speaker 5: Man, you hit all important points. I mean, you know,

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Speaker 5: we've got two different projects. One is, you know, the

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Speaker 5: new construction bringing in the.

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Speaker 7: Higher incomes back to the community, and the other one

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Speaker 7: is that eighteen house portfolio bought is specifically to protect

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Speaker 7: the existing residents. You know, we can try to get

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Speaker 7: the city to control the rents or whatever talk about

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Speaker 7: you know, stopping gentrification, but we can't stop it. The

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Speaker 7: only way you really control the rents is to own

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Speaker 7: the real estate that the rents come from.

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Speaker 5: And so that's been my focus. Man. Just trying to

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Speaker 5: so that we can do both sides. So yes, I'll

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Speaker 5: get into a little presentation. We'll talk about that.

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Speaker 3: In a second, all right, so let's get into it.

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Speaker 3: So before we start, we're going welcome everybody. So what

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Speaker 3: we do we do this. We do this once a

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Speaker 3: month at the end of the month, so we have

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Speaker 3: eyl University, and part of eyl University is that we

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Speaker 3: do weekly classes. Like we do a class every single

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Speaker 3: week every Wednesday at eight o'clock Eastern Standard time, and

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Speaker 3: then at the last Wednesday of each month, we open

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Speaker 3: it up for the public so they can like you know,

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Speaker 3: have like an open house. It's kind of like an

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Speaker 3: open house type deal. So what we do with the

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Speaker 3: Eyo University classes is that different from the podcast where

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Speaker 3: it's it's interactive. So a teacher or a presenter comes

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Speaker 3: on and they give like a twenty minute PowerPoint presentation

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Speaker 3: on it on a different topics, and then members from

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Speaker 3: Eyo University then they engage with them, they ask questions

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Speaker 3: and it's like an interactive it's a new way of learning.

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Speaker 3: So what we did with Eyo University, we think is

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Speaker 3: really create a personal finance school bigger than just investing

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Speaker 3: because it's like you could just watch market Mondays just

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Speaker 3: for investment tips. But Eyo University is a whole personal

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Speaker 3: in school. So like this month, the classes that we

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Speaker 3: had was disability insurance. We had how to start a

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Speaker 3: marijuana company with two thousand dollars, and we had car

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Speaker 3: buying class. And then next next Wednesday, we have the

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Speaker 3: class about Africa real estate, how to invest in Ghana

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Speaker 3: real estate, International real estate. So we got a lot

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Speaker 3: of international people and we want to start doing more

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Speaker 3: international stuff. But even if you live in America, Ghana's

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Speaker 3: on fire right now. So each and every week we do,

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Speaker 3: we do a different class.

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Speaker 2: November we got some heat coming. Yeah, we got some heat.

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Speaker 3: And then in addition to that, we got the book

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Speaker 3: and movie club headed up by you.

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Speaker 2: Yeah yeah.

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Speaker 9: Right now we're doing a money Master of the Game

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Speaker 9: and that's been going crazy every week. I mean, I

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Speaker 9: think we hit a record last week. We had like

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Speaker 9: almost four hundred people in our book club. It was

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Speaker 9: absolutely amazing. It's more than a book club. It becomes

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Speaker 9: like this therapeutic session on finance and real estate, and

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Speaker 9: then it becomes like yo, I found my partners. Inside

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Speaker 9: of that, we have what we call triads, which is

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Speaker 9: like three people that are finding the ways that they

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Speaker 9: have in common and becoming accountability.

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Speaker 2: Partners for each other.

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Speaker 9: So it's like, yo, that could be my business part

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Speaker 9: or it could just be somebody that's pushing me to

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Speaker 9: find my goals or reach my goals.

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Speaker 2: And what we've noticed is like, this is dope.

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Speaker 9: It's like sometimes you tell the person close to you

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Speaker 9: your goals and they don't believe in you. But when

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Speaker 9: you tell a stranger of your goals, all they know

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Speaker 9: is your goals. They don't know anything about you but

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Speaker 9: the goal, and they try to help you reach And

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Speaker 9: I think that's one of the beautiful things that we

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Speaker 9: find inside of our accountability triad.

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Speaker 2: So it's dope.

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Speaker 3: Yeah, So we got that. Then we got the private

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Speaker 3: Facebook group, which is an investment group, and that's a

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Speaker 3: community within itself, over four thousand members in there. And

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Speaker 3: then we have bi weekly real estate calls Jail Mortgage

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Speaker 3: God every other Sunday, MG he gets on it. It's

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Speaker 3: just like a two hour, three hours, sometimes even four hours,

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Speaker 3: just real estate call and they just talk about a

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Speaker 3: variety of different real estate calls. And then once a

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Speaker 3: month I do financial planning calls. Everybody knows I'm a

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Speaker 3: financial advisor, and what happened is that I put my

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Speaker 3: schedule up and it just became too much. It became

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Speaker 3: overwhelming for me to actually take calls. So I limited

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Speaker 3: that and I realized that a lot of people had

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Speaker 3: the same question. So every single month, sit down for

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Speaker 3: about two hours on a Saturday and we talk about

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Speaker 3: financial planning and go over different stuff life, insurance, retirement,

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Speaker 3: you know, just different financial planning topics, so all of that,

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Speaker 3: and then we have orientation orientation.

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Speaker 5: Yeah.

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Speaker 9: Yeah, so every month now that we get new earners

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Speaker 9: coming in and we're treating it like the school, right

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Speaker 9: eyl University, we have orientation. So some people get they

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Speaker 9: come into and they're just like overwhelmed by the information because,

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Speaker 9: like I said, we're not just capping when we're telling you, like,

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Speaker 9: there's a lot of courses, a lot of content. So

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Speaker 9: we have an orientation that can help you and guide

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Speaker 9: you through that process, walk you through it, find a

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Speaker 9: track for you, right because some people may say, like

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Speaker 9: real estate is not my thing, Well we got over

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Speaker 9: seventy courses, what is your thing? And so you find

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Speaker 9: the track and you follow it and that's kind of

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Speaker 9: what makes it dope about having accountability partners and trias

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Speaker 9: is that you're going to find people who are on

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Speaker 9: similar tracks. So everybody's pushing forward in the same direction,

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Speaker 9: whatever direction you choose.

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Speaker 3: Yeah, that's a fact. So yeah, so I say, I

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Speaker 3: have to say, this is like open house. Once a

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Speaker 3: month we do this open house situation, and it's a lot.

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Speaker 3: It's a lot. So the reason why, like the price

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Speaker 3: keeps going on and it's still undervalue. It's three hundred

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Speaker 3: and sixty dollars for the entire year, but we're adding

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Speaker 3: to it, so it's an ongoing thing. So as we

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Speaker 3: add to it, we have different overhead, we have staff, now,

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Speaker 3: we have different you know. So this we have we're

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Speaker 3: running a promo code forty percent off for the whole

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Speaker 3: entire year annual membership and three hundred and sixty dollars,

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Speaker 3: which is, like I said, that's like a night in

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Speaker 3: Atlanta for twenty four hours, twenty four hours from right

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Speaker 3: now twenty four hours, and then after that you can

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Speaker 3: still join. It's just you know, slightly higher membership. It's

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Speaker 3: like a stock once you get in. Some people got

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Speaker 3: it are ninety nine dollars and it's only going up

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Speaker 3: from there because it's just added value. We're gonna make

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Speaker 3: this bigger than Phoenix University. This is going to be

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Speaker 3: the biggest online university in existence. So I'm gonna put

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Speaker 3: the link in and it's only for the link. Can

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Speaker 3: we try to make this as easy as possible. There's

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Speaker 3: no code or anything, it's just the link. The link.

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Speaker 3: I'm gonna pin the link in YouTube. It's in the

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Speaker 3: description if you want to join forty percent off twenty

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Speaker 3: four hours. So Chris, let's get into it, all.

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Speaker 5: Right, let's go. Let's go. Let me see. I'm share

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Speaker 5: my screen.

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Speaker 3: Does he have to do something to share it or no?

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Speaker 2: He's now okay, Yeah, I got it.

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Speaker 3: Yeah. Chris is a tech guy, so I know he.

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Speaker 2: Knows engineer in his own right.

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Speaker 5: Chris is okay, let's see.

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Speaker 2: Yeah, we see you over here.

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Speaker 7: Okay, let me make sure it's not let me see

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Speaker 7: slash over from the beginning.

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Speaker 5: There we go, all right, So how to buy the block?

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Speaker 7: I appreciate the opportunity guys, for y'all to have me

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Speaker 7: on today. This This topic is very near and dear

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Speaker 7: to me because I've been an investor since two thousand

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Speaker 7: and eight, I did the typical fix and flip model

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Speaker 7: at the wholesale model, and what I realized was that, man,

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Speaker 7: sometimes it's such a capitalistic business and you're trained by

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Speaker 7: other capitalists that don't have the same background as you,

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Speaker 7: that they'll train you do some things that actually come

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Speaker 7: sometimes can't hurt the community, or they'll they'll teach you

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Speaker 7: how to make money in the community, but not actually

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Speaker 7: own the community long term. And so for me, I

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Speaker 7: just had an AHA moment one day and I had epiphany.

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Speaker 5: I was like, well, you.

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Speaker 7: Know, we're always talking about these things that happened in

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Speaker 7: our neighborhoods, and I know other people that look like

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Speaker 7: me that are investors, but nobody is really talking about

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Speaker 7: how to tackle this challenge, this gentrification issue.

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Speaker 5: How do we start controlling these neighborhoods again.

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Speaker 7: So that's been my mission since about twenty twelve, in

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Speaker 7: twenty thirteen, when I bought that first block that you

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Speaker 7: talked about. So let's just start with the definition of gentrification,

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Speaker 7: the process by which a part of a city changes

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Speaker 7: from being a poorer area to a richer one and

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Speaker 7: people from a higher social class are beginning to move in.

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Speaker 7: Usually if no one advocates for the poorer residents, they

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Speaker 7: become displaced.

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Speaker 5: So let's get this out the way.

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Speaker 7: I saw the posts that y'all made earlier, and I

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Speaker 7: saw the comments under the post, and it's like, man,

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Speaker 7: we all know the problems. We all know about slavery,

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Speaker 7: we all know about red lining, we all know about

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Speaker 7: all the other injustices that we have. At some point

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Speaker 7: we got to start focusing on the solutions to these problems.

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Speaker 7: And it's okay to regurgitate them, and it's okay to

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Speaker 7: be debater, it's okay to be a historian, but what

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Speaker 7: about the future? Like and this quote by Will Smith

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Speaker 7: when he first got on Instagram always resonates with me.

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Speaker 7: It's like, it may not be your fault that something

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Speaker 7: happened to you, but it's damn sure your responsibility to

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Speaker 7: fix it.

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Speaker 5: And so that's exactly where I am.

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Speaker 7: So my mission changing their gentrification through redevelopment that balances

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Speaker 7: the opportunity to attract higher income people originally from similar

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Speaker 7: communities out of the suburbs while ensuring existing residents are

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Speaker 7: not displaced in the process. So let's talk about revitalization

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Speaker 7: and plus gentrification always a debate. Okay, so everything has

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Speaker 7: a life cycle, including a neighborhood. It has a life cycle, guys.

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Speaker 7: So everything has to start over at some point or

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Speaker 7: either it's just gonna die.

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Speaker 5: You know. We can't just let everything.

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Speaker 7: Stay where it is, So we either revitalize and have

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Speaker 7: community controlled narrative or we stand back and let somebody

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Speaker 7: else do it from the sideline, right. And then that's

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Speaker 7: control specifically by outside groups that want profit, and that's

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Speaker 7: what we usually associate with the term gentrification with. So

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Speaker 7: then you know, like I said, I was doing this

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Speaker 7: back in twenty and thirteen, twenty fourteen, but this trendy phrase

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Speaker 7: came up, you know, about two years ago, called buying

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Speaker 7: the block, and I'm like, okay, wait a minute, I

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Speaker 7: guess I guess that does define what I'm doing.

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Speaker 5: So we are we are trying to acquire and.

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Speaker 7: Control the redevelopment of real estate in our historic neighborhoods.

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Speaker 7: So let's talk again about the problems we all know

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Speaker 7: about and the history that we don't think to mention.

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Speaker 7: Sometimes all these neighborhoods are disadvantaged for the most part,

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Speaker 7: but they once thrived with people from all economic classes.

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Speaker 5: And what do I mean by that, well, before.

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Speaker 7: Desegregation, all of those vacant rundown commercial buildings you see

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Speaker 7: in these poor neighborhoods used to be vibrant businesses. The doctors,

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Speaker 7: the lawyers, the carpenters, the movie theaters, the restaurants. Everything

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Speaker 7: that we did not have the rights to patronize in

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Speaker 7: another community was in these communities, and we patronized all

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Speaker 7: of those things.

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Speaker 5: So let's not think.

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Speaker 7: About it as always been a horrible place to be.

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Speaker 7: At one point in time, it thrived. Here's another thing

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Speaker 7: to look at. Businesses like grocery stores are scarce in

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Speaker 7: our communities, but when these neighborhoods thrived during that same timeframe,

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Speaker 7: the businesses were actually owned by the people in the community,

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Speaker 7: and they were sustainable. So if it happened before, it

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Speaker 7: can happen again. So my goal has been, how do

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Speaker 7: we go in these neighborhoods. How do we buy the

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Speaker 7: block and do it without displacing existing residents. So it

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Speaker 7: took me about two or three years to really come

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Speaker 7: up with a model.

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Speaker 5: That would work.

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Speaker 7: I bought the property in twenty thirteen, but I really

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Speaker 7: didn't know what I was going to do with it,

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Speaker 7: and you know, eventually I came in and I put

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Speaker 7: these key pieces together so we can go in the

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Speaker 7: communities that we can invest in the vacant property, in

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Speaker 7: the abandoned property, and the neglected property, the drug houses,

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Speaker 7: the houses that that attract criminal activity. Right, not going

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Speaker 7: on knocking on doors asking the seniors to sell their house,

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Speaker 7: not taking advantage of people that are, you know, in

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Speaker 7: desperate financial situations. Let's focus on these properties in the

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Speaker 7: first bullet, number one, number two.

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Speaker 5: Try to keep rental rates affordable.

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Speaker 7: If you're going to go in the community and buy

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Speaker 7: rental properties, okay that what that means is sometimes you're

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Speaker 7: taught go in and renovate it and make it as

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Speaker 7: nice as possible, which means your investment has to be

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Speaker 7: larger on the front end.

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Speaker 5: In exchange, you have to demand more for the rent.

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Speaker 7: Right, But if you can buy a rental property that's

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Speaker 7: in decent condition and the tenant is happy with the

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Speaker 7: way it is, you don't have to invest so much

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Speaker 7: on the front end. You can still structure a deal

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Speaker 7: where you get a good return if you're a good negotiator,

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Speaker 7: where you buy it at.

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Speaker 5: The right price so then the person can stay right there.

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Speaker 5: Where they are.

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Speaker 7: The third component is one of the hardest components. How

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Speaker 7: do we prevent home ownership loss due to higher taxes.

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Speaker 7: That's going to be more of a political play where

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Speaker 7: we have to get with politicians that do this and

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Speaker 7: other It's already implemented in some cities where if you've

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Speaker 7: owned your home for longer than a certain amount of time,

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Speaker 7: you're exempt from property tax increases. And you know, so

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Speaker 7: that needs to be something that we need to focus

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Speaker 7: on in these communities to make this by the block

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Speaker 7: model really work without being a detriment to the community. Okay,

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Speaker 7: So when is the right time to buy in these neighborhoods. Okay,

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Speaker 7: here's a couple of key points. I'm not talking about

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Speaker 7: a war zone. I'm not talking about anywhere still is

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Speaker 7: super hood, you know. We are talking about areas in

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Speaker 7: the communities where there's already some sign of something positive happening. Okay,

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Speaker 7: and just remember, even if you see an abandoned community

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Speaker 7: that looks like it has a lot of potential.

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Speaker 5: Bullet number two is very important.

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Speaker 7: It's harder for you to spark this revitalization and get

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Speaker 7: a return on investment if you are the only catalyst

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Speaker 7: you have to go in the communities where there's already

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Speaker 7: something kind of going on and we still have an

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Speaker 7: opportunity to step in front of it.

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Speaker 5: And instead of.

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Speaker 7: Trying to stop, know, the redevelopment and calling it gentrification,

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Speaker 7: let's participate in it. Let's control the narrative. Let's control

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Speaker 7: parts of everything that's going on in the community. Okay,

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Speaker 7: So things you want to look for when you see

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Speaker 7: announcements of projects in the newspaper, on the news, city

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Speaker 7: council meetings, from other people that are in real estate

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Speaker 7: that you know, people that are networking with developers or builders,

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Speaker 7: people you know in your community that are investors. You

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Speaker 7: know when you hear these types of announcements, and that

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Speaker 7: lets you know something is coming. You know, the second

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Speaker 7: Burger King figures out where McDonald's put a land purchase

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Speaker 7: contract in, they're going to try to buy land right

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Speaker 7: next to them, right same thing with Walgerys and Cvs.

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Speaker 7: So as the smaller guys in this play, as we're

437
00:20:42,800 --> 00:20:45,679
Speaker 7: trying to independently control and buy back these blocks, we

438
00:20:45,720 --> 00:20:48,800
Speaker 7: need to be following the big boys. You know it's

439
00:20:48,800 --> 00:20:50,680
Speaker 7: gonna happen. We can't fight them, we can't stop them.

440
00:20:50,800 --> 00:20:53,760
Speaker 7: So we might as well participate. Another good thing to

441
00:20:53,760 --> 00:20:55,040
Speaker 7: look at is a city activity.

442
00:20:55,560 --> 00:20:57,600
Speaker 5: Uh when when when when a.

443
00:20:57,440 --> 00:21:01,240
Speaker 7: City activity picks up in a neighborhood On the private

444
00:21:01,359 --> 00:21:04,000
Speaker 7: real estate side, Okay, when a particular neighborhood where you

445
00:21:04,000 --> 00:21:06,160
Speaker 7: didn't see a new construction before, now you start seeing

446
00:21:06,160 --> 00:21:09,080
Speaker 7: for sale signs and you see active construction work going on,

447
00:21:09,480 --> 00:21:11,280
Speaker 7: that's probably a good community, especially if it's.

448
00:21:11,119 --> 00:21:12,000
Speaker 5: One of our communities.

449
00:21:12,960 --> 00:21:14,440
Speaker 7: That's a good time for you to start saying, Okay,

450
00:21:14,440 --> 00:21:15,720
Speaker 7: this might be a neighborhood that I might want to

451
00:21:15,720 --> 00:21:17,960
Speaker 7: look at, trying to buy a block with okay, and

452
00:21:18,000 --> 00:21:21,240
Speaker 7: then the city initiatives to spark redevelopment. That's on the

453
00:21:21,240 --> 00:21:23,920
Speaker 7: public side. So when you see the city going into

454
00:21:24,000 --> 00:21:27,520
Speaker 7: community and they're repaving streets and they're putting in sidewalks,

455
00:21:27,680 --> 00:21:30,680
Speaker 7: and they're updating signs, and they're putting in bike paths,

456
00:21:30,920 --> 00:21:32,840
Speaker 7: they're doing all of that because that's kind of the

457
00:21:32,840 --> 00:21:37,240
Speaker 7: extent that the public the government can do to entice developers.

458
00:21:37,240 --> 00:21:39,600
Speaker 7: They want developers to see this and investors to see

459
00:21:39,640 --> 00:21:41,440
Speaker 7: this and say, Okay, this is a neighborhood I want

460
00:21:41,440 --> 00:21:44,200
Speaker 7: to be in. So if you look for these signs

461
00:21:44,240 --> 00:21:46,639
Speaker 7: before all the houses have gone up and before everything

462
00:21:46,680 --> 00:21:49,680
Speaker 7: looks nice. These are neighborhoods that we should be trying

463
00:21:49,680 --> 00:21:53,479
Speaker 7: to buy the block in, especially if they're communities. So

464
00:21:53,520 --> 00:21:56,160
Speaker 7: how do we successfully execute buying back to block?

465
00:21:56,800 --> 00:21:57,200
Speaker 5: Okay?

466
00:21:57,359 --> 00:22:01,600
Speaker 7: So number one, when it comes to buying blocks, if

467
00:22:01,600 --> 00:22:05,080
Speaker 7: you're gonna do something bigger than individual houses, you don't

468
00:22:05,119 --> 00:22:06,800
Speaker 7: want to get a big plan together.

469
00:22:06,880 --> 00:22:08,719
Speaker 5: You don't want to spin your wheels on things if

470
00:22:08,760 --> 00:22:10,120
Speaker 5: you do not have site control.

471
00:22:10,960 --> 00:22:13,359
Speaker 7: Site control is the single most important part of that process,

472
00:22:13,400 --> 00:22:16,600
Speaker 7: because what happens is you put this tremendous plan together

473
00:22:16,920 --> 00:22:18,879
Speaker 7: and either the seller decide they don't want to sell,

474
00:22:20,040 --> 00:22:22,439
Speaker 7: or you don't have all of the properties together that

475
00:22:22,520 --> 00:22:27,280
Speaker 7: you need for the project, or they get wind of

476
00:22:27,320 --> 00:22:30,800
Speaker 7: something else and they increase their price on you, and

477
00:22:30,840 --> 00:22:33,040
Speaker 7: so all of these factors will end up with you

478
00:22:33,119 --> 00:22:35,000
Speaker 7: doing all this work, all this planning, and then you

479
00:22:35,040 --> 00:22:36,760
Speaker 7: have no property to actually use it for. So all

480
00:22:36,760 --> 00:22:39,400
Speaker 7: that time and money is wasted. Right, So there's several

481
00:22:39,400 --> 00:22:41,920
Speaker 7: ways you get site control. Number one, just make sure

482
00:22:41,960 --> 00:22:44,800
Speaker 7: you have the property under a solid contract at a

483
00:22:45,000 --> 00:22:48,280
Speaker 7: set purchase price with a certain timeframe on it. Okay,

484
00:22:48,600 --> 00:22:51,560
Speaker 7: that way, if it's one piece of property that you

485
00:22:51,560 --> 00:22:53,800
Speaker 7: need for this entire project, then you know you have

486
00:22:53,880 --> 00:22:57,680
Speaker 7: control of that. Number two is kind of, you know, obvious,

487
00:22:58,160 --> 00:23:01,680
Speaker 7: outright purchase, but that's not practical in most situations. Just

488
00:23:01,880 --> 00:23:03,560
Speaker 7: going out and buying a whole block and paying for

489
00:23:03,720 --> 00:23:07,639
Speaker 7: cash is not really practical. And then the third one

490
00:23:07,920 --> 00:23:10,879
Speaker 7: is an option to purchase. So if you have a

491
00:23:10,920 --> 00:23:13,800
Speaker 7: project that you want to that you want to take on,

492
00:23:14,520 --> 00:23:16,920
Speaker 7: and let's say it's five or six different owners, seven

493
00:23:16,960 --> 00:23:18,680
Speaker 7: different owners, and you don't know if all of them

494
00:23:18,720 --> 00:23:21,440
Speaker 7: are gonna want to sell, You don't know if their

495
00:23:21,440 --> 00:23:23,000
Speaker 7: price points are going to be reasonable if they do

496
00:23:23,040 --> 00:23:25,440
Speaker 7: want to sell, what you want to do is execute

497
00:23:25,520 --> 00:23:27,480
Speaker 7: options to purchase. And what that is is you go

498
00:23:27,760 --> 00:23:30,880
Speaker 7: from owner to owner and you say, hey, mister owner,

499
00:23:31,240 --> 00:23:33,520
Speaker 7: let's negotiate. Let's come to a price that we both

500
00:23:33,560 --> 00:23:37,680
Speaker 7: agree on. I'm not buying your property today, but if

501
00:23:37,680 --> 00:23:39,880
Speaker 7: you give me a year, you give me two years,

502
00:23:41,080 --> 00:23:43,480
Speaker 7: and I can pull this thing together that I'm trying

503
00:23:43,520 --> 00:23:43,760
Speaker 7: to do.

504
00:23:44,400 --> 00:23:46,680
Speaker 5: You have to allow me to buy your property at

505
00:23:46,720 --> 00:23:47,280
Speaker 5: this price.

506
00:23:47,520 --> 00:23:47,879
Speaker 2: Okay.

507
00:23:48,200 --> 00:23:50,760
Speaker 7: In exchange for that, I'm gonna give you this money.

508
00:23:50,840 --> 00:23:52,640
Speaker 7: Could be one thousand dollars, could be five hundred dollars.

509
00:23:52,640 --> 00:23:52,920
Speaker 5: Whatever.

510
00:23:53,240 --> 00:23:55,480
Speaker 7: Hey, if you never hear from them again, this is

511
00:23:55,520 --> 00:23:57,840
Speaker 7: your thousand dollars, you know. But if I come back

512
00:23:57,840 --> 00:24:02,240
Speaker 7: to you and I'm ready to buy, then we have

513
00:24:02,320 --> 00:24:05,359
Speaker 7: to follow through on this contract. And so that allows

514
00:24:05,400 --> 00:24:08,520
Speaker 7: you to control each individual partial until you get them

515
00:24:08,560 --> 00:24:12,000
Speaker 7: all together for the project that you're trying to do. Okay,

516
00:24:12,359 --> 00:24:15,639
Speaker 7: next most important step is planning and design, because you

517
00:24:15,720 --> 00:24:18,320
Speaker 7: have to really understand what's going to take to pull

518
00:24:18,359 --> 00:24:20,960
Speaker 7: this concept off that you're trying to implement. Now, if

519
00:24:21,000 --> 00:24:23,560
Speaker 7: you're buying, if you're trying to buy more than one

520
00:24:23,560 --> 00:24:26,000
Speaker 7: property in their rental properties, like I said earlier, and

521
00:24:26,040 --> 00:24:28,920
Speaker 7: there's already tenants there, then you know this process is

522
00:24:28,960 --> 00:24:31,080
Speaker 7: going to be a lot easier for you because you

523
00:24:31,160 --> 00:24:32,879
Speaker 7: don't have a lot of work to do on the

524
00:24:32,880 --> 00:24:36,040
Speaker 7: front end, right, You don't have a lot of expenses

525
00:24:36,359 --> 00:24:39,200
Speaker 7: that in the real estate development world is called soft costs.

526
00:24:39,280 --> 00:24:42,280
Speaker 7: These are things that are intangible, like once you spend

527
00:24:42,320 --> 00:24:44,440
Speaker 7: the money, the money's gone. Once you pay an architect

528
00:24:44,480 --> 00:24:47,080
Speaker 7: for design work, whether the project gets started or not,

529
00:24:47,560 --> 00:24:52,800
Speaker 7: that's gone, right, The permitting fees, paying for engineers, all

530
00:24:52,840 --> 00:24:56,439
Speaker 7: that kind of stuff. Construction, of course, construction is going

531
00:24:56,480 --> 00:24:58,040
Speaker 7: to be one of your biggest expenses, because you want

532
00:24:58,040 --> 00:25:00,960
Speaker 7: to make sure that while you have psyche cont you

533
00:25:01,080 --> 00:25:03,600
Speaker 7: really understand what the cost of this entire project is

534
00:25:03,600 --> 00:25:06,439
Speaker 7: going to be. And then you want to make sure

535
00:25:07,080 --> 00:25:10,359
Speaker 7: that planning and zoning and city ordinance or whatever in

536
00:25:10,400 --> 00:25:14,800
Speaker 7: your area and just the general city permit approvals are

537
00:25:14,880 --> 00:25:17,760
Speaker 7: in place for you to be able to execute your project.

538
00:25:18,280 --> 00:25:20,840
Speaker 7: And most importantly all of this is really that all

539
00:25:20,880 --> 00:25:24,000
Speaker 7: of that comprises feasibility of rather.

540
00:25:24,200 --> 00:25:26,119
Speaker 5: Buying this block and doing whatever you plan to do

541
00:25:26,160 --> 00:25:28,439
Speaker 5: with it really makes sense. Okay.

542
00:25:28,800 --> 00:25:31,760
Speaker 7: Now, so after you get site control and you've got

543
00:25:31,760 --> 00:25:33,719
Speaker 7: a good plan together, then you have to figure out

544
00:25:33,720 --> 00:25:35,720
Speaker 7: how you're actually going to take down the project and

545
00:25:35,760 --> 00:25:38,760
Speaker 7: how you're going to start the project. So my number

546
00:25:38,840 --> 00:25:41,320
Speaker 7: one go to is what's been working for me in

547
00:25:41,359 --> 00:25:45,159
Speaker 7: Houston is seller financing. If I would have waited in

548
00:25:45,160 --> 00:25:47,760
Speaker 7: twenty thirteen for a bank to tell me that I

549
00:25:47,880 --> 00:25:51,800
Speaker 7: was bankable to buy a whole block, and I was

550
00:25:51,800 --> 00:25:53,920
Speaker 7: waiting for a bank to tell me that a block

551
00:25:53,960 --> 00:25:56,840
Speaker 7: in the hood was worth a certain amount of money

552
00:25:56,920 --> 00:25:59,760
Speaker 7: when there was no recent sales and it was full

553
00:25:59,760 --> 00:26:02,880
Speaker 7: of and drug infestation, you know, I would have never

554
00:26:02,920 --> 00:26:05,439
Speaker 7: got that product off the ground. So, but what happens

555
00:26:05,440 --> 00:26:08,560
Speaker 7: when you go to somebody that owns the property outright? Okay,

556
00:26:08,680 --> 00:26:11,000
Speaker 7: that means it's probably been in their family longer than

557
00:26:11,040 --> 00:26:14,240
Speaker 7: thirty years, or maybe passed down from generation to generation,

558
00:26:14,960 --> 00:26:18,120
Speaker 7: and they have the right, the free and clear right

559
00:26:18,240 --> 00:26:19,800
Speaker 7: to do whatever they want the property.

560
00:26:20,080 --> 00:26:21,520
Speaker 5: You can negotiate with them.

561
00:26:22,000 --> 00:26:24,480
Speaker 7: And so for one of my properties, I'm gonna show

562
00:26:24,480 --> 00:26:26,320
Speaker 7: you in a case study. One of them, I negotiate

563
00:26:26,320 --> 00:26:28,359
Speaker 7: ten percent down to buy a whole block. The second

564
00:26:28,400 --> 00:26:29,680
Speaker 7: one I had to come to the table with fifty

565
00:26:29,720 --> 00:26:32,439
Speaker 7: percent of the agreed upon purchase price. But then you

566
00:26:32,480 --> 00:26:35,520
Speaker 7: make payments to them instead of making payments to a bank,

567
00:26:36,040 --> 00:26:38,000
Speaker 7: and they're not gonna check your credit score, they're not

568
00:26:38,000 --> 00:26:39,800
Speaker 7: gonna do a background check, they're not going to ask

569
00:26:39,840 --> 00:26:43,560
Speaker 7: you about other things. Because when sellers finance something directly

570
00:26:43,600 --> 00:26:45,520
Speaker 7: to you, they know that if you default, they can

571
00:26:45,600 --> 00:26:47,240
Speaker 7: just take the property back and they can start the

572
00:26:47,280 --> 00:26:48,639
Speaker 7: process over do the same thing again.

573
00:26:49,119 --> 00:26:49,359
Speaker 3: Right.

574
00:26:49,720 --> 00:26:51,920
Speaker 5: So that's a trick, Well, that's not really a trick.

575
00:26:52,000 --> 00:26:54,120
Speaker 7: That's a technique that we need to implement more often

576
00:26:54,160 --> 00:26:55,640
Speaker 7: when we're trying to get in our communities and do.

577
00:26:55,600 --> 00:26:57,760
Speaker 5: These things so something else.

578
00:26:57,760 --> 00:26:59,639
Speaker 7: If they don't agree to that, or if they do

579
00:26:59,680 --> 00:27:01,320
Speaker 7: agree to that, but you don't have enough money for

580
00:27:01,359 --> 00:27:04,200
Speaker 7: the down payment, start off with a small group of investors.

581
00:27:04,840 --> 00:27:07,480
Speaker 5: Maybe I would always suggest you have somebody.

582
00:27:07,160 --> 00:27:12,000
Speaker 7: On your team that's experienced with investing, and you know,

583
00:27:12,040 --> 00:27:13,720
Speaker 7: have them come on a team and help you through

584
00:27:13,760 --> 00:27:14,280
Speaker 7: the process.

585
00:27:15,920 --> 00:27:18,320
Speaker 5: I highly, I highly.

586
00:27:18,040 --> 00:27:20,439
Speaker 7: Suggest you don't do it if you're all newbies and

587
00:27:20,480 --> 00:27:22,800
Speaker 7: you have nobody on the team, because what may seem

588
00:27:22,840 --> 00:27:24,320
Speaker 7: like a good deal may not be a good deal.

589
00:27:25,000 --> 00:27:26,760
Speaker 5: And then third is crowdfunding.

590
00:27:27,040 --> 00:27:28,800
Speaker 7: Crowdfunding is what I did for one of my projects,

591
00:27:28,840 --> 00:27:30,840
Speaker 7: but I didn't do a crowdfund until I had been

592
00:27:30,840 --> 00:27:33,080
Speaker 7: in real estate investing for almost thirteen years.

593
00:27:33,240 --> 00:27:35,520
Speaker 5: Okay, so a lot of people ask about it.

594
00:27:35,560 --> 00:27:38,359
Speaker 7: But when you take other people's money, you know, and

595
00:27:38,800 --> 00:27:41,920
Speaker 7: you and you were trying to complete a project, all

596
00:27:41,920 --> 00:27:44,119
Speaker 7: those bullet points before that got to be spot on

597
00:27:44,240 --> 00:27:46,680
Speaker 7: because people are not giving you donations, they are giving

598
00:27:46,720 --> 00:27:50,199
Speaker 7: you money, and they are expecting their money back and

599
00:27:50,240 --> 00:27:53,879
Speaker 7: they're respecting a profit on top of that. So you know,

600
00:27:53,920 --> 00:27:55,480
Speaker 7: you got to be really careful when you get in

601
00:27:55,600 --> 00:27:58,520
Speaker 7: that round. And most importantly of all these things is

602
00:27:58,560 --> 00:28:01,399
Speaker 7: the right team. You can have the right plan, you

603
00:28:01,440 --> 00:28:04,439
Speaker 7: can have all every every box checked, but if you

604
00:28:04,480 --> 00:28:06,920
Speaker 7: don't have the right team to execute on buying back

605
00:28:06,920 --> 00:28:10,119
Speaker 7: the block, it would be very hard for you to

606
00:28:10,119 --> 00:28:14,639
Speaker 7: be successful. Now, the most important key is that we

607
00:28:14,720 --> 00:28:15,640
Speaker 7: all have to participate.

608
00:28:15,680 --> 00:28:16,720
Speaker 5: And this is what I mean by that.

609
00:28:17,680 --> 00:28:20,520
Speaker 7: The investors need to be participating this. Okay, we need

610
00:28:20,560 --> 00:28:22,800
Speaker 7: to be actively looking to buy in our communities.

611
00:28:23,160 --> 00:28:24,679
Speaker 5: Okay, if you're a.

612
00:28:24,760 --> 00:28:27,560
Speaker 7: Landlord, maybe you don't want to actually live in the community,

613
00:28:27,600 --> 00:28:30,320
Speaker 7: but you have rental properties. You should be trying to

614
00:28:30,359 --> 00:28:34,280
Speaker 7: control rental properties in these same neighborhoods. And you can

615
00:28:34,440 --> 00:28:38,000
Speaker 7: maybe maybe one investor has bought the block and renovated

616
00:28:38,040 --> 00:28:40,840
Speaker 7: the block, and now they're selling the homes to other people. Well,

617
00:28:40,880 --> 00:28:43,520
Speaker 7: you as an investor should come in and buy some

618
00:28:43,560 --> 00:28:46,720
Speaker 7: of the properties from that developer so that the ownership

619
00:28:46,760 --> 00:28:48,240
Speaker 7: transfers from us to us.

620
00:28:48,600 --> 00:28:48,800
Speaker 3: Right.

621
00:28:49,000 --> 00:28:51,960
Speaker 7: And then you, as someone who looks like the community,

622
00:28:52,480 --> 00:28:54,360
Speaker 7: should be looking out for people in the community and

623
00:28:54,440 --> 00:28:56,840
Speaker 7: have a vested interest in not being a slumlord and

624
00:28:56,880 --> 00:28:59,320
Speaker 7: taking care of the community. Of course, realtors play an

625
00:28:59,320 --> 00:29:02,640
Speaker 7: integral part of it. Why because when you have buyers,

626
00:29:02,680 --> 00:29:06,320
Speaker 7: when you have investors, when you have renters, you should

627
00:29:06,320 --> 00:29:10,280
Speaker 7: be telling them about all of the investors, landlords, developers, builders,

628
00:29:10,320 --> 00:29:13,480
Speaker 7: you know in the community, and trying to steer them

629
00:29:13,480 --> 00:29:17,400
Speaker 7: to these neighborhoods. First, once again, I'm not talking about

630
00:29:17,400 --> 00:29:21,520
Speaker 7: war zones, okay, I'm talking about areas that there's already

631
00:29:21,640 --> 00:29:23,000
Speaker 7: some sign of revitalization.

632
00:29:23,440 --> 00:29:27,000
Speaker 5: And lastly, and most importantly, the regular buyers.

633
00:29:27,040 --> 00:29:29,280
Speaker 7: Like for my development that I'm show you in the

634
00:29:29,320 --> 00:29:33,920
Speaker 7: second all my buyers look like us, young working professionals.

635
00:29:33,520 --> 00:29:37,680
Speaker 7: It's not as bad. It's not the hood that sometimes

636
00:29:37,800 --> 00:29:40,600
Speaker 7: people say it is. You have to be very aware

637
00:29:40,600 --> 00:29:43,680
Speaker 7: of what outside narratives are versus what's really there. So,

638
00:29:43,800 --> 00:29:46,520
Speaker 7: as a buyer, if you're in a community and some

639
00:29:46,600 --> 00:29:49,200
Speaker 7: of those other signs have already talked about are happening,

640
00:29:49,240 --> 00:29:51,520
Speaker 7: if you see redevelopments starting, if you see a lot

641
00:29:51,560 --> 00:29:53,840
Speaker 7: of activity in the community, if you see the city

642
00:29:53,880 --> 00:29:56,720
Speaker 7: putting things in, guess what, that city's already got that

643
00:29:56,920 --> 00:29:59,600
Speaker 7: neighborhood on their radar, even though it may not be.

644
00:29:59,560 --> 00:30:00,880
Speaker 5: Perfect yet, it's coming.

645
00:30:01,280 --> 00:30:04,080
Speaker 7: And usually what happens is we go to the community

646
00:30:04,080 --> 00:30:06,000
Speaker 7: one day and it's the hood, and we go back

647
00:30:06,040 --> 00:30:08,400
Speaker 7: a year later and it's a million dollar homes and

648
00:30:08,440 --> 00:30:10,280
Speaker 7: we're like, what happened and we're mad and it's gentrification.

649
00:30:10,320 --> 00:30:11,960
Speaker 5: It's like, no, what really happened was.

650
00:30:12,040 --> 00:30:15,080
Speaker 7: From the time you left, other people saw value in

651
00:30:15,120 --> 00:30:16,880
Speaker 7: that community and they started buying.

652
00:30:17,200 --> 00:30:19,640
Speaker 5: And not everybody's buying rental properties. People are really moving

653
00:30:19,640 --> 00:30:20,320
Speaker 5: in that community.

654
00:30:20,440 --> 00:30:23,640
Speaker 7: They're walking their dogs, they're riding their bikes, and their

655
00:30:23,720 --> 00:30:27,920
Speaker 7: values are steadily going up, steadily going up. And then

656
00:30:27,960 --> 00:30:29,520
Speaker 7: by the time we get wind of what's going on

657
00:30:29,560 --> 00:30:31,560
Speaker 7: in the community, the prices is so high we can't

658
00:30:31,560 --> 00:30:35,080
Speaker 7: afford it, right, So that's usually what happens.

659
00:30:35,960 --> 00:30:39,280
Speaker 5: So ty Shot, I know I'm talking a lot man.

660
00:30:39,360 --> 00:30:39,440
Speaker 2: That.

661
00:30:41,480 --> 00:30:41,760
Speaker 3: Got it.

662
00:30:42,120 --> 00:30:43,240
Speaker 2: I'm actually taking notes.

663
00:30:44,720 --> 00:30:47,280
Speaker 3: Yeah, I hope everybody on YouTube please hit the like button,

664
00:30:47,600 --> 00:30:49,840
Speaker 3: and I hope people greatly appreciate this because it's like

665
00:30:49,840 --> 00:30:52,000
Speaker 3: nobody's doing this, like nobody, And that's the reason why

666
00:30:52,040 --> 00:30:54,560
Speaker 3: we created Eyo University. Like I said, it's a it's

667
00:30:54,600 --> 00:30:57,080
Speaker 3: a business school, but do you know you don't learn

668
00:30:57,120 --> 00:30:59,600
Speaker 3: this stuff in business schools. And this is just the beginning.

669
00:30:59,600 --> 00:31:01,440
Speaker 3: Like he still got more to talk about. But it's

670
00:31:01,440 --> 00:31:04,040
Speaker 3: like people talk about by the buy back the block,

671
00:31:04,080 --> 00:31:06,440
Speaker 3: what does that mean? What does that mean?

672
00:31:06,560 --> 00:31:07,720
Speaker 2: Right now we're even calling.

673
00:31:08,120 --> 00:31:09,600
Speaker 3: So this was like, all right, this is this is

674
00:31:09,600 --> 00:31:13,040
Speaker 3: a step by step blueprint from somebody that has is

675
00:31:13,120 --> 00:31:15,959
Speaker 3: actually doing it and has actually done it. So now

676
00:31:15,960 --> 00:31:16,720
Speaker 3: I keep going bro.

677
00:31:17,040 --> 00:31:17,960
Speaker 2: Chris real real quick.

678
00:31:18,160 --> 00:31:20,960
Speaker 9: So some of those signs, are there any other type

679
00:31:21,000 --> 00:31:24,960
Speaker 9: of retail or commercial real estate that we should be

680
00:31:24,960 --> 00:31:25,880
Speaker 9: looking for for a sign?

681
00:31:25,960 --> 00:31:27,440
Speaker 2: And I know somebody in the chat sai Yo when

682
00:31:27,440 --> 00:31:28,600
Speaker 2: you see a Starbucks or.

683
00:31:29,560 --> 00:31:32,680
Speaker 5: Usually so that's not that we have a misconception about, right.

684
00:31:32,920 --> 00:31:35,880
Speaker 7: So usually like we get mad when grocery stores and

685
00:31:35,880 --> 00:31:39,840
Speaker 7: those types of businesses leave the community, But those businesses

686
00:31:39,880 --> 00:31:43,560
Speaker 7: have whole departments that before they buy, before they figure

687
00:31:43,560 --> 00:31:45,640
Speaker 7: out where their location, their site selection team pulls the

688
00:31:45,680 --> 00:31:49,600
Speaker 7: demographics and they say, what's the average income in this community?

689
00:31:49,840 --> 00:31:51,000
Speaker 5: Do these people.

690
00:31:51,080 --> 00:31:53,840
Speaker 7: Earn enough and do they have enough disposable income to

691
00:31:53,880 --> 00:31:57,400
Speaker 7: support our business? Right, So you're not going to see

692
00:31:57,440 --> 00:32:01,280
Speaker 7: commercial signs going in until almost too because all the

693
00:32:01,360 --> 00:32:03,320
Speaker 7: incomes in that area are already going to be so

694
00:32:03,480 --> 00:32:05,840
Speaker 7: high and they're going to be buying houses at such

695
00:32:05,880 --> 00:32:08,680
Speaker 7: high prices, and you know, the prices continue to go

696
00:32:08,760 --> 00:32:11,120
Speaker 7: up that it becomes priced out for us. So what

697
00:32:11,880 --> 00:32:16,240
Speaker 7: the way development usually works is the rooftops come first,

698
00:32:16,280 --> 00:32:19,320
Speaker 7: the houses come first, the new residents with the higher

699
00:32:19,320 --> 00:32:21,640
Speaker 7: incomes come in first. And the only way you get

700
00:32:21,640 --> 00:32:23,480
Speaker 7: ahead of that wave is by looking at those signs that.

701
00:32:23,440 --> 00:32:24,280
Speaker 6: I told you earlier.

702
00:32:24,480 --> 00:32:26,960
Speaker 5: But yeah, it's almost almost like you see a Starbucks.

703
00:32:27,000 --> 00:32:27,720
Speaker 5: It's almost too late.

704
00:32:28,040 --> 00:32:30,680
Speaker 9: Yeah, they made me thinking, like whole foods don't end

705
00:32:30,760 --> 00:32:32,080
Speaker 9: up in every neighborhood, you know what I mean?

706
00:32:32,160 --> 00:32:34,120
Speaker 7: Right, they don't, and people don't speaking of the whole foods,

707
00:32:34,120 --> 00:32:36,280
Speaker 7: people don't realize like a grocery store has the lowest

708
00:32:36,280 --> 00:32:38,680
Speaker 7: profit margins of almost any business, is usually three to

709
00:32:38,720 --> 00:32:41,240
Speaker 7: five percent, So they're not going to go in the neighborhood.

710
00:32:41,480 --> 00:32:43,040
Speaker 7: Even if the city gives them all the money to

711
00:32:43,080 --> 00:32:45,440
Speaker 7: build the facility, they still have they have to float

712
00:32:45,480 --> 00:32:48,440
Speaker 7: every month. They got to be operating positive, right, So,

713
00:32:48,760 --> 00:32:51,120
Speaker 7: I mean the grocery store is the highest profitability is

714
00:32:51,600 --> 00:32:54,840
Speaker 7: on the fresh produce, on the meats, and the stuff

715
00:32:54,840 --> 00:32:55,719
Speaker 7: on the shelves.

716
00:32:56,560 --> 00:32:57,800
Speaker 5: It's not really very profitable.

717
00:32:57,800 --> 00:32:59,320
Speaker 7: So if you're in a community where people are buying

718
00:32:59,320 --> 00:33:01,440
Speaker 7: everything off the shelf, in the cans and in the boxes,

719
00:33:01,760 --> 00:33:03,920
Speaker 7: and you got this huge overhead.

720
00:33:03,680 --> 00:33:05,120
Speaker 5: From all these employees and you.

721
00:33:05,080 --> 00:33:07,640
Speaker 7: Got this huge overhead from this huge lease you got,

722
00:33:07,840 --> 00:33:10,959
Speaker 7: and you got this high utility bill. You know, it's

723
00:33:11,080 --> 00:33:13,280
Speaker 7: highly unlikely that you're going to be profitable if you

724
00:33:13,360 --> 00:33:15,280
Speaker 7: try to go into one of those neighborhoods for the

725
00:33:15,320 --> 00:33:18,880
Speaker 7: sake of you know, social service, right, I mean, they

726
00:33:18,960 --> 00:33:20,400
Speaker 7: have to run a business at the end of the day.

727
00:33:20,920 --> 00:33:24,720
Speaker 3: Yeah, and YouTube, if you could like this, two things

728
00:33:24,760 --> 00:33:26,920
Speaker 3: I need from YouTube everybody, Like, we got nine hundred

729
00:33:26,960 --> 00:33:29,280
Speaker 3: and ninety seven people. There's no reason why we shouldn't

730
00:33:29,280 --> 00:33:32,400
Speaker 3: have nine hundred and ninety seven likes. If you didn't

731
00:33:32,480 --> 00:33:36,040
Speaker 3: like it, just politely comment why you why you thought

732
00:33:36,040 --> 00:33:38,440
Speaker 3: the information wasn't valuable enough to like, it doesn't even

733
00:33:38,480 --> 00:33:41,160
Speaker 3: cost anything, doesn't won't even burn a calorie. And then

734
00:33:41,200 --> 00:33:43,880
Speaker 3: also share it with somebody, just going like this is

735
00:33:43,920 --> 00:33:46,719
Speaker 3: life changing, generational changing information that you know, giving out

736
00:33:46,800 --> 00:33:48,560
Speaker 3: right now, like you know, share it with people, and

737
00:33:48,560 --> 00:33:50,960
Speaker 3: shout out to MG the mortgage guy, and shout out

738
00:33:51,000 --> 00:33:54,600
Speaker 3: to Brandon Rules legend himself, and shout out to Andre Hatchett,

739
00:33:54,600 --> 00:33:56,720
Speaker 3: the first teacher that we ever had for Eyo University.

740
00:33:57,080 --> 00:34:03,240
Speaker 3: That's my guy man for sure, And yeah, for sure

741
00:34:03,320 --> 00:34:06,200
Speaker 3: for sure. So all right, Chris and then somebody said

742
00:34:06,360 --> 00:34:09,399
Speaker 3: on YouTube days like a fifth ward isn't the hood hood? Yeah,

743
00:34:09,400 --> 00:34:10,959
Speaker 3: that's kind of the whole point of what he said,

744
00:34:11,000 --> 00:34:14,240
Speaker 3: Like you don't want to go into the market slightly dangerous,

745
00:34:14,600 --> 00:34:16,520
Speaker 3: You don't want to you don't want to invest in

746
00:34:16,520 --> 00:34:20,160
Speaker 3: a full war zone like like slightly dangerous.

747
00:34:20,520 --> 00:34:23,920
Speaker 7: Yeah, yeah, I mean it's something where the you know,

748
00:34:24,000 --> 00:34:28,480
Speaker 7: the criminal criminal activity is going down significantly and there's

749
00:34:28,520 --> 00:34:30,560
Speaker 7: more police patrols coming and all that kind of stuff.

750
00:34:30,560 --> 00:34:34,120
Speaker 7: You know, you have to be there, So that's the

751
00:34:34,120 --> 00:34:36,080
Speaker 7: only way you're really participating. And I understand the people

752
00:34:36,120 --> 00:34:39,279
Speaker 7: that have like young kids or feel uncomfortable in those situations. Yeah,

753
00:34:39,520 --> 00:34:41,759
Speaker 7: I'm not saying I'm not forcing you too. I'm just

754
00:34:41,800 --> 00:34:45,560
Speaker 7: saying with my projects, I have buyers that specifically chose

755
00:34:45,600 --> 00:34:48,120
Speaker 7: to come from the communities and they have had zero issues,

756
00:34:48,160 --> 00:34:51,319
Speaker 7: Like they have had not a single issue. So, you know,

757
00:34:51,440 --> 00:34:53,480
Speaker 7: it's all about perspective. And we talk about schools and

758
00:34:53,560 --> 00:34:56,359
Speaker 7: education a lot. Thankfully in a big city like Houston,

759
00:34:56,400 --> 00:34:58,360
Speaker 7: there's a lot of charter schools, a lot of private schools,

760
00:34:58,360 --> 00:35:01,520
Speaker 7: so you have alternatives to the public school system until

761
00:35:01,560 --> 00:35:03,160
Speaker 7: that public school system catches up.

762
00:35:03,040 --> 00:35:03,880
Speaker 5: In that neighborhood.

763
00:35:04,239 --> 00:35:07,000
Speaker 7: But in the same time, you think about this if

764
00:35:07,000 --> 00:35:10,279
Speaker 7: you buy Okay, I'll give you an example. There was

765
00:35:10,320 --> 00:35:13,040
Speaker 7: a lady that went to the Third Ward, like the

766
00:35:13,040 --> 00:35:15,360
Speaker 7: hood part of the Third Ward worse than where y'all stayed,

767
00:35:15,360 --> 00:35:18,799
Speaker 7: but the first house had been renovated Middle ai'ed. White

768
00:35:18,880 --> 00:35:20,920
Speaker 7: lady was like one of the last people walking out

769
00:35:20,920 --> 00:35:22,920
Speaker 7: of an open house. And my boy was there, and

770
00:35:22,960 --> 00:35:25,879
Speaker 7: he said that ninety percent of people that walked through

771
00:35:25,880 --> 00:35:27,600
Speaker 7: this open house and the hood part of the Third

772
00:35:27,640 --> 00:35:31,319
Speaker 7: War were white. So he said that curiosity got the

773
00:35:31,320 --> 00:35:33,279
Speaker 7: best of him. He stopped her and asked her. He's like,

774
00:35:33,320 --> 00:35:36,279
Speaker 7: why are you here and what attracts you to this area?

775
00:35:36,280 --> 00:35:37,719
Speaker 7: And she was like, oh, I bought my house in

776
00:35:37,760 --> 00:35:41,360
Speaker 7: the Heights, in which is another neighborhood that's been gentrified

777
00:35:41,360 --> 00:35:43,239
Speaker 7: for about fifteen sixteen years. She's like, I bought my

778
00:35:43,280 --> 00:35:45,600
Speaker 7: house in the Heights about fifteen years ago, and the

779
00:35:45,640 --> 00:35:48,360
Speaker 7: neighborhood looked just like this, and my property value is

780
00:35:48,360 --> 00:35:50,120
Speaker 7: going up three hundred thousand dollars. So I'm about to

781
00:35:50,160 --> 00:35:52,440
Speaker 7: sell that house and come over here and do the

782
00:35:52,440 --> 00:35:54,719
Speaker 7: same thing. And I'm like, well, man, imagine the more

783
00:35:54,760 --> 00:35:57,600
Speaker 7: of us thought about that. Imagine what the average household

784
00:35:57,640 --> 00:36:00,960
Speaker 7: income or the average average household network be for our community.

785
00:36:01,160 --> 00:36:03,120
Speaker 7: And imagine how many of our children we could pay

786
00:36:03,120 --> 00:36:04,800
Speaker 7: to go to college out the equity in our homes.

787
00:36:05,239 --> 00:36:05,920
Speaker 5: Notught like that.

788
00:36:07,520 --> 00:36:09,400
Speaker 3: That's a lot of information. That's that's a that's a

789
00:36:09,440 --> 00:36:11,719
Speaker 3: gym right there, man, that's a gym right there.

790
00:36:11,760 --> 00:36:13,000
Speaker 2: We got to get to Houston, man.

791
00:36:13,680 --> 00:36:14,960
Speaker 3: I can't wait to come back to here.

792
00:36:15,280 --> 00:36:21,440
Speaker 2: Yo, mister Dunlop, we're paging you, all right, Yeah.

793
00:36:21,440 --> 00:36:24,480
Speaker 7: I'm gonna run through the case studies real quick. So

794
00:36:24,560 --> 00:36:27,040
Speaker 7: let's talk about fifth Ward. People talking about not the hoods.

795
00:36:27,040 --> 00:36:30,120
Speaker 7: So let's go through it. So settling the middle eighteen hundreds,

796
00:36:30,120 --> 00:36:34,319
Speaker 7: believe it or not, Middle eighteen hundreds to nineteen hundred,

797
00:36:34,360 --> 00:36:37,200
Speaker 7: it was actually half it was mixed, uh white and black.

798
00:36:37,920 --> 00:36:40,440
Speaker 7: It was annexed to the city eighteen sixty six. By

799
00:36:40,480 --> 00:36:43,680
Speaker 7: nineteen hundred, it's a predominantly black neighborhood with thriving businesses.

800
00:36:45,480 --> 00:36:47,440
Speaker 7: And don't believe it, let me show you. This is

801
00:36:47,520 --> 00:36:49,200
Speaker 7: Lions Avenue. This is the same street that one of

802
00:36:49,239 --> 00:36:51,960
Speaker 7: my projects was on. This is this is from the fifties.

803
00:36:52,120 --> 00:36:55,560
Speaker 5: On Lions Avenue. You see all types of businesses all up.

804
00:36:55,440 --> 00:36:57,160
Speaker 7: And down the street. And you see who's walking up

805
00:36:57,160 --> 00:36:59,440
Speaker 7: and down the street. This was a segregated neighborhood at

806
00:36:59,440 --> 00:37:01,919
Speaker 7: that point in time. Okay, this is the other way

807
00:37:01,960 --> 00:37:04,520
Speaker 7: down the same street. I mean I see tailors, I

808
00:37:04,520 --> 00:37:07,640
Speaker 7: see movie theaters, I see pawn shops. You know, I

809
00:37:07,680 --> 00:37:10,960
Speaker 7: see restaurants. Everything's in the community, right. But then in

810
00:37:10,960 --> 00:37:14,920
Speaker 7: the nineteen sixties, when desegregation happened, two major freeways came

811
00:37:14,920 --> 00:37:18,080
Speaker 7: through the community. Of course, all these negative impacts caused

812
00:37:18,120 --> 00:37:20,640
Speaker 7: a lot of disinvestment, and then some of the redlining

813
00:37:20,680 --> 00:37:23,800
Speaker 7: impacts also hurt the community, and by the nineteen seventies

814
00:37:23,840 --> 00:37:26,480
Speaker 7: there was a mass exodus of the majority of successful people,

815
00:37:26,680 --> 00:37:28,799
Speaker 7: the business owners. A lot of them had closed up

816
00:37:28,840 --> 00:37:31,120
Speaker 7: shops because the patronage had gone down, the customers had

817
00:37:31,200 --> 00:37:35,839
Speaker 7: moved out, and so the communities no longer thrived. But

818
00:37:35,880 --> 00:37:37,560
Speaker 7: what that did is that that opened up opportunity for

819
00:37:37,560 --> 00:37:39,839
Speaker 7: other people to come into the community. However, these are

820
00:37:39,840 --> 00:37:42,080
Speaker 7: some of the other highlights, like the picture of the

821
00:37:42,080 --> 00:37:46,520
Speaker 7: bottom on the writers, the first black hospital built in

822
00:37:46,640 --> 00:37:50,600
Speaker 7: fifth Ward, actually in Houston, that we had, you know,

823
00:37:51,000 --> 00:37:52,040
Speaker 7: recording studios.

824
00:37:52,440 --> 00:37:54,240
Speaker 5: I mean, you know, these neighborhoods were thriving.

825
00:37:54,440 --> 00:37:56,600
Speaker 7: So that's the part that I want people to remember

826
00:37:56,600 --> 00:37:58,080
Speaker 7: when we think about these neighborhoods.

827
00:37:58,760 --> 00:38:00,360
Speaker 5: They used to be graded if.

828
00:38:00,200 --> 00:38:02,319
Speaker 7: We had a black wall street in every city, because

829
00:38:02,360 --> 00:38:04,480
Speaker 7: we had to create our own. We couldn't we couldn't

830
00:38:04,520 --> 00:38:08,880
Speaker 7: patronize other other neighborhoods. So this is the freeway that

831
00:38:08,960 --> 00:38:11,480
Speaker 7: kind of came through. This is the same street in

832
00:38:11,520 --> 00:38:14,160
Speaker 7: the same vicinity, like one block off, but you see

833
00:38:14,160 --> 00:38:16,759
Speaker 7: now the only thing that's left. Thankfully, the churches are

834
00:38:16,760 --> 00:38:21,360
Speaker 7: still there, but the neighborhood is a lot less activity

835
00:38:21,400 --> 00:38:23,160
Speaker 7: going on, a lot A lot of the buildings are going now.

836
00:38:24,239 --> 00:38:26,920
Speaker 5: So this is the property that I bought, which is

837
00:38:27,040 --> 00:38:27,720
Speaker 5: infant Ward.

838
00:38:27,960 --> 00:38:30,040
Speaker 7: That's the same freeway that you see in the back

839
00:38:30,120 --> 00:38:33,520
Speaker 7: on the left side Highway fifty nine. So in twenty fourteen,

840
00:38:34,200 --> 00:38:35,680
Speaker 7: I did what I was telling everybody to early.

841
00:38:35,680 --> 00:38:36,759
Speaker 5: I was watching the city trend.

842
00:38:36,840 --> 00:38:39,840
Speaker 7: I was watching redevelopment and it was going counterclockwise around downtown,

843
00:38:40,360 --> 00:38:42,439
Speaker 7: and this was the last neighborhood that had not been

844
00:38:43,320 --> 00:38:44,160
Speaker 7: touched by.

845
00:38:44,080 --> 00:38:45,640
Speaker 5: Redevelopment or gentrification.

846
00:38:46,200 --> 00:38:49,160
Speaker 7: So I was able to negotiate with this owner to

847
00:38:49,200 --> 00:38:53,960
Speaker 7: buy this entire block for half a million dollars and

848
00:38:54,120 --> 00:38:55,399
Speaker 7: negotiate ten percent down.

849
00:38:55,520 --> 00:38:58,040
Speaker 5: Okay, so I actually sold a couple of rental properties.

850
00:38:58,040 --> 00:39:00,759
Speaker 7: I had an investor put in a little bit, and

851
00:39:01,000 --> 00:39:04,200
Speaker 7: I took control of this property. Everybody thought I was crazy.

852
00:39:04,239 --> 00:39:06,080
Speaker 7: This was still the bloody nickel at that point in time.

853
00:39:06,080 --> 00:39:06,680
Speaker 5: But I knew.

854
00:39:07,080 --> 00:39:10,120
Speaker 7: I knew just by watching the redevelopment trending, eventually it

855
00:39:10,200 --> 00:39:12,279
Speaker 7: was going to come because this was like literally the

856
00:39:12,400 --> 00:39:15,800
Speaker 7: last quadrant around downtown that had not been redeveloped. Okay,

857
00:39:16,160 --> 00:39:19,719
Speaker 7: so I actually paid over market value. Here's why there

858
00:39:19,760 --> 00:39:22,160
Speaker 7: were no sales. There was no comps, So if you

859
00:39:22,200 --> 00:39:24,560
Speaker 7: looked at the tax records, that's the all thing can

860
00:39:24,600 --> 00:39:26,959
Speaker 7: go off of. It had the whole property worth about

861
00:39:27,000 --> 00:39:28,280
Speaker 7: three hundred and fifty thousand.

862
00:39:28,400 --> 00:39:29,960
Speaker 5: But what I.

863
00:39:29,920 --> 00:39:33,960
Speaker 7: Knew taking a calculated risk by watching the redevelopment. It's like, well,

864
00:39:34,000 --> 00:39:36,160
Speaker 7: if I'm not paying cash for it, and I'm only

865
00:39:36,200 --> 00:39:40,319
Speaker 7: giving him fifty thousand right now, and I'm financing it

866
00:39:40,360 --> 00:39:43,920
Speaker 7: for twenty thirty years, it's highly likely that by the

867
00:39:43,960 --> 00:39:46,040
Speaker 7: time I get even close to paying this off, the

868
00:39:46,120 --> 00:39:47,360
Speaker 7: value will have caught.

869
00:39:47,160 --> 00:39:48,239
Speaker 5: Up and exceeded it.

870
00:39:48,920 --> 00:39:50,600
Speaker 7: So what that does is it almost put you in

871
00:39:50,600 --> 00:39:53,000
Speaker 7: a position where you're like kind of partnering with the owners.

872
00:39:53,320 --> 00:39:54,600
Speaker 7: You know, you're telling them you're going to give him

873
00:39:54,600 --> 00:39:56,200
Speaker 7: a little bit more over time than what the property

874
00:39:56,280 --> 00:39:59,040
Speaker 7: is currently worth. But you have everything calculated and you

875
00:39:59,120 --> 00:40:02,399
Speaker 7: know that the time you make whatever move you're gonna make,

876
00:40:02,520 --> 00:40:04,200
Speaker 7: the value will have caught up and you will have

877
00:40:04,239 --> 00:40:10,439
Speaker 7: equity on the back end. So okay, So I talked

878
00:40:10,480 --> 00:40:14,080
Speaker 7: about this already. So twenty fourteen is when I bought it.

879
00:40:14,120 --> 00:40:17,000
Speaker 7: Twenty sixteen the bet paid off two thousand and sixteen.

880
00:40:17,040 --> 00:40:19,320
Speaker 7: This is the south end of Fifth Ward. One of

881
00:40:19,400 --> 00:40:21,879
Speaker 7: the biggest developers in Houston bought one hundred and thirty

882
00:40:21,880 --> 00:40:24,160
Speaker 7: six acres that used to be KBR used to be

883
00:40:24,200 --> 00:40:27,759
Speaker 7: the National Defense contractor, right next to downtown, right on.

884
00:40:27,680 --> 00:40:29,879
Speaker 5: The water and what we considered the hood.

885
00:40:29,960 --> 00:40:32,160
Speaker 7: But of course they always find value when you know,

886
00:40:32,200 --> 00:40:35,120
Speaker 7: when we don't find value, and they put this big

887
00:40:35,160 --> 00:40:38,239
Speaker 7: plan together, do this massive project, and so that was

888
00:40:38,280 --> 00:40:42,480
Speaker 7: the first catalyst in the community. So this again, this

889
00:40:42,680 --> 00:40:45,879
Speaker 7: is the project site that they got. You see where

890
00:40:45,920 --> 00:40:49,560
Speaker 7: downtown is and the stars where both of my projects are.

891
00:40:49,560 --> 00:40:51,600
Speaker 7: So one of my projects is right here, the new

892
00:40:51,640 --> 00:40:54,960
Speaker 7: construction townhome project where the grocery store is is right there.

893
00:40:55,200 --> 00:40:58,560
Speaker 7: Now that's one mile radius. This one is like a

894
00:40:59,040 --> 00:41:00,640
Speaker 7: little bit more than three quarter from my.

895
00:41:01,080 --> 00:41:02,359
Speaker 5: RADI is what other project is?

896
00:41:02,840 --> 00:41:06,400
Speaker 7: Okay, this is what's going to be built on that site.

897
00:41:06,440 --> 00:41:08,719
Speaker 7: This is not speculation. This is what's going to be there.

898
00:41:10,200 --> 00:41:12,360
Speaker 5: Okay. They've already they've already cleared.

899
00:41:12,000 --> 00:41:14,200
Speaker 7: All of the old buildings, They've already done all the underground,

900
00:41:14,200 --> 00:41:17,120
Speaker 7: different structure, they've run all the utilities. They did slow

901
00:41:17,160 --> 00:41:19,840
Speaker 7: down a little bit because of COVID and some of

902
00:41:19,880 --> 00:41:21,720
Speaker 7: the lumber prices and stuff going up, but the CEO

903
00:41:21,760 --> 00:41:24,680
Speaker 7: said they're still moving forward with the project. So after

904
00:41:24,680 --> 00:41:28,120
Speaker 7: that happened in twenty sixteen, here's another creative technique you

905
00:41:28,160 --> 00:41:33,920
Speaker 7: can use. I talked the owner into converting from a

906
00:41:34,160 --> 00:41:37,279
Speaker 7: owner finance note, which is like a mortgage note, to

907
00:41:37,480 --> 00:41:40,920
Speaker 7: partnering with me. So what I said was, look, I

908
00:41:40,960 --> 00:41:44,600
Speaker 7: still owe you like three hundred thousand. You can wait

909
00:41:44,800 --> 00:41:47,640
Speaker 7: next twenty years to get it, or you can partner

910
00:41:47,680 --> 00:41:50,000
Speaker 7: with me on this project and let me figure out

911
00:41:50,040 --> 00:41:52,640
Speaker 7: how I can do some new construction, and then I

912
00:41:52,680 --> 00:41:54,560
Speaker 7: can pay you out as I sell these houses on

913
00:41:54,560 --> 00:41:55,879
Speaker 7: the back end, and you can be paid off in.

914
00:41:55,800 --> 00:41:59,000
Speaker 5: Three or four years instead of waiting thirty years. Okay,

915
00:41:59,040 --> 00:42:00,320
Speaker 5: so he agreed. So what did that do?

916
00:42:00,760 --> 00:42:03,080
Speaker 7: That took the mortgage off of the property. So now

917
00:42:04,200 --> 00:42:08,880
Speaker 7: I am the primary the primary partner, he's a limited partner,

918
00:42:09,600 --> 00:42:11,880
Speaker 7: and I have this property. I can now go to

919
00:42:11,920 --> 00:42:13,000
Speaker 7: the bank and say it's free and clear.

920
00:42:13,000 --> 00:42:16,600
Speaker 5: I don't have any debt on it. Right.

921
00:42:16,800 --> 00:42:19,520
Speaker 7: So then I used the property as collateral as I

922
00:42:19,520 --> 00:42:20,640
Speaker 7: started shopping to get.

923
00:42:20,480 --> 00:42:22,200
Speaker 5: The loans to do the redevelopment.

924
00:42:24,000 --> 00:42:25,759
Speaker 7: But the downside, of course, what I talked about earlier,

925
00:42:25,800 --> 00:42:27,839
Speaker 7: I had to go through twenty three different lenders before

926
00:42:27,840 --> 00:42:29,799
Speaker 7: I got approved. No matter how great my plan was,

927
00:42:30,239 --> 00:42:34,239
Speaker 7: there was no established marketability in this neighborhood because there

928
00:42:34,600 --> 00:42:38,600
Speaker 7: was no new construction. Even though the redevelopment was that close,

929
00:42:39,280 --> 00:42:41,000
Speaker 7: it was really hard for me to find a lender

930
00:42:41,120 --> 00:42:43,640
Speaker 7: that would that would partner with me on the project.

931
00:42:44,000 --> 00:42:46,400
Speaker 5: So you know, I had a private investor.

932
00:42:46,040 --> 00:42:49,640
Speaker 7: Come in and put in an IRA money two hundred

933
00:42:49,680 --> 00:42:55,759
Speaker 7: fift thousand. She she's a young black chick that worked

934
00:42:55,760 --> 00:42:58,880
Speaker 7: for oil and gas company, worked for Shell for a while.

935
00:42:58,920 --> 00:43:01,759
Speaker 7: She had a nice I R that she was that

936
00:43:01,800 --> 00:43:04,160
Speaker 7: she wasn't using or sitting in the stock market, and

937
00:43:04,280 --> 00:43:06,319
Speaker 7: you know, I showed her the vision, she believed in it,

938
00:43:06,480 --> 00:43:08,399
Speaker 7: and she's like, okay, cool. I didn't take her money

939
00:43:08,400 --> 00:43:10,359
Speaker 7: and spend it. I took it and put it in

940
00:43:10,360 --> 00:43:12,560
Speaker 7: a bank account to show interest reserves to hope that

941
00:43:12,640 --> 00:43:14,440
Speaker 7: hopefully would try to sweeten the deal with the lender.

942
00:43:15,600 --> 00:43:17,560
Speaker 3: Chris, not to cut you off, but yeah, we did

943
00:43:17,600 --> 00:43:21,040
Speaker 3: a we did a class on self directed iras too University,

944
00:43:21,600 --> 00:43:23,480
Speaker 3: and I'm not sure if that's the path fe you went,

945
00:43:23,560 --> 00:43:25,160
Speaker 3: but a lot of people don't even realize that you

946
00:43:25,160 --> 00:43:28,120
Speaker 3: could actually use your retirement accounts like an IRA to

947
00:43:28,200 --> 00:43:30,360
Speaker 3: invest in real estate without paying taxes. So I just

948
00:43:30,360 --> 00:43:31,160
Speaker 3: wanted to throw that in.

949
00:43:31,120 --> 00:43:33,880
Speaker 5: This and that's exactly right.

950
00:43:33,880 --> 00:43:35,640
Speaker 7: When you have a self directed IRA, you can invest

951
00:43:35,640 --> 00:43:38,840
Speaker 7: in any asset that you choose, and it's literally self directed.

952
00:43:38,960 --> 00:43:42,520
Speaker 7: You just have a company that's basically a custodian for

953
00:43:42,560 --> 00:43:45,160
Speaker 7: you to help you check boxes. But yeah, you can.

954
00:43:45,320 --> 00:43:47,640
Speaker 7: You can invest it however you want. So that's something

955
00:43:47,680 --> 00:43:52,239
Speaker 7: that you can leverage in real estate. So, like I said,

956
00:43:52,239 --> 00:43:55,120
Speaker 7: there's challenges with no new construction. Also, when I got

957
00:43:55,200 --> 00:43:56,680
Speaker 7: ready to start the project, what I realized is like

958
00:43:56,680 --> 00:43:58,880
Speaker 7: a lot of these older neighborhoods, there's a lack of

959
00:43:58,960 --> 00:43:59,960
Speaker 7: utility infrastructure.

960
00:44:00,400 --> 00:44:01,120
Speaker 5: So this old.

961
00:44:00,920 --> 00:44:03,479
Speaker 7: Grocery store didn't have much plumbing, you know, it wasn't

962
00:44:03,560 --> 00:44:06,120
Speaker 7: drawing much electricity. And when I got ready to do

963
00:44:06,160 --> 00:44:08,360
Speaker 7: my new project, I realized that the city was going

964
00:44:08,440 --> 00:44:10,880
Speaker 7: to require me to update a lot of this infrastructure.

965
00:44:10,920 --> 00:44:12,239
Speaker 5: So that's something that you got to think about if

966
00:44:12,239 --> 00:44:13,240
Speaker 5: you're planning on doing.

967
00:44:13,360 --> 00:44:16,480
Speaker 7: Projects on this scale, something that you usually don't think

968
00:44:16,480 --> 00:44:18,640
Speaker 7: about when you're just flipping the house or building one

969
00:44:18,680 --> 00:44:23,200
Speaker 7: or two houses on a lot, because usually that what

970
00:44:23,320 --> 00:44:26,600
Speaker 7: you're building will not impact the infrastructure greatly. But when

971
00:44:26,640 --> 00:44:28,799
Speaker 7: you're trying to do a bigger project, you do have

972
00:44:28,840 --> 00:44:32,800
Speaker 7: to consider those things. So this talks about more twenty

973
00:44:32,880 --> 00:44:36,120
Speaker 7: seventeen now redevelopment. Remember that first neighborhood. I I told

974
00:44:36,120 --> 00:44:40,239
Speaker 7: you all about the Heights. Now see twenty seventeen. Three

975
00:44:40,280 --> 00:44:43,160
Speaker 7: years later it's in the newspaper they calling Fifth or

976
00:44:43,239 --> 00:44:46,000
Speaker 7: the New Heights.

977
00:44:46,320 --> 00:44:48,960
Speaker 3: That's how it happens, once they start renaming neighborhoods. Once

978
00:44:49,000 --> 00:44:53,279
Speaker 3: I've seen Sobro, Yeah, so Bro, you know what Sobro is. No,

979
00:44:53,400 --> 00:44:55,160
Speaker 3: it was that South Bronx.

980
00:44:55,520 --> 00:44:56,000
Speaker 5: South Bronx.

981
00:44:56,080 --> 00:44:59,520
Speaker 3: Yeah, that was one of the most dangerous neighborhood support

982
00:44:59,600 --> 00:45:02,080
Speaker 3: one of the more poorest neighborhoods in America, one of

983
00:45:02,080 --> 00:45:05,640
Speaker 3: the most dangerous neighborhoods in America. It's still not the greatest.

984
00:45:05,760 --> 00:45:08,960
Speaker 3: But when they started naming it so Bro and they

985
00:45:09,000 --> 00:45:11,040
Speaker 3: put like a wholes and all of that, and it's like,

986
00:45:11,120 --> 00:45:11,680
Speaker 3: all right.

987
00:45:11,880 --> 00:45:15,200
Speaker 7: Ye, don't say that because the official name for that

988
00:45:15,360 --> 00:45:16,960
Speaker 7: for that south in the fifth one. Now they call

989
00:45:17,080 --> 00:45:19,280
Speaker 7: it North Eto, which is east of downtown.

990
00:45:19,880 --> 00:45:22,439
Speaker 3: Yeah. That's another that's another thing too. Once you start

991
00:45:22,440 --> 00:45:26,040
Speaker 3: to see names, because it's like even know how I

992
00:45:26,080 --> 00:45:31,240
Speaker 3: think it was nor North Manhattan No.

993
00:45:29,840 --> 00:45:33,080
Speaker 2: No, no, no, that was Houston.

994
00:45:34,280 --> 00:45:36,960
Speaker 3: No no, no, they had it. They try to rename

995
00:45:37,040 --> 00:45:40,480
Speaker 3: Harlem something like North Manhattan.

996
00:45:40,520 --> 00:45:40,560
Speaker 10: No.

997
00:45:41,640 --> 00:45:44,920
Speaker 3: Yeah. And so once they start to get funny with

998
00:45:44,960 --> 00:45:48,279
Speaker 3: those names like so Bro no ho, that's like the

999
00:45:48,360 --> 00:45:50,200
Speaker 3: hipsters they trying to they try to rebrand it.

1000
00:45:50,480 --> 00:45:53,719
Speaker 7: They there trying to rebrand the community those are you

1001
00:45:53,960 --> 00:45:55,880
Speaker 7: talking about has a stigma that the old name has

1002
00:45:55,920 --> 00:45:57,920
Speaker 7: a stigma, so they want to try to, like you said, rebranded.

1003
00:45:58,200 --> 00:45:59,800
Speaker 2: Yeah, So that that's part of the announcement.

1004
00:45:59,840 --> 00:46:01,399
Speaker 9: So when you were talking about announcements, when you start

1005
00:46:01,400 --> 00:46:04,160
Speaker 9: seeing things like that I saw somewhere and you can

1006
00:46:04,160 --> 00:46:06,680
Speaker 9: correct me if if I'm wrong, but they named the

1007
00:46:06,719 --> 00:46:07,239
Speaker 9: Fifth World.

1008
00:46:07,360 --> 00:46:09,040
Speaker 2: They have a Cultural Arts district.

1009
00:46:09,560 --> 00:46:12,520
Speaker 7: Yes, yes, now now thankfully with this with this time,

1010
00:46:12,640 --> 00:46:15,600
Speaker 7: it was us doing that. So the Fifth World Redevelopment

1011
00:46:15,600 --> 00:46:18,120
Speaker 7: Corporation did that Culture Arts District, and it's it's gonna

1012
00:46:18,120 --> 00:46:19,680
Speaker 7: be You're right, it's going to be the first African

1013
00:46:19,680 --> 00:46:21,360
Speaker 7: American culture Arts district in Houston.

1014
00:46:21,680 --> 00:46:22,080
Speaker 2: Perfect.

1015
00:46:22,080 --> 00:46:24,680
Speaker 5: Perfect, yeah, man. So that's what I'm saying.

1016
00:46:25,080 --> 00:46:28,160
Speaker 7: This neighborhood, they've been staying ahead of you know, not

1017
00:46:28,400 --> 00:46:29,480
Speaker 7: not playing victim.

1018
00:46:29,200 --> 00:46:30,640
Speaker 5: And being behind. They've been in front of the ball.

1019
00:46:30,719 --> 00:46:31,960
Speaker 5: So it's been really good.

1020
00:46:32,880 --> 00:46:35,600
Speaker 7: So this goes back to this is the CEO recently

1021
00:46:35,680 --> 00:46:38,160
Speaker 7: in August, you know, amidst covid just saying that the

1022
00:46:38,160 --> 00:46:40,880
Speaker 7: project is still going forward. Right, So this is that

1023
00:46:40,960 --> 00:46:43,759
Speaker 7: same block. This is the same block that I showed

1024
00:46:43,800 --> 00:46:47,040
Speaker 7: you earlier. That's what it looks like now.

1025
00:46:47,160 --> 00:46:48,520
Speaker 3: And that that that's your block.

1026
00:46:48,880 --> 00:46:52,040
Speaker 2: That's your block, man. You pulled up on that.

1027
00:46:52,320 --> 00:46:55,040
Speaker 3: Yeah, yeah, man, put put that. Put the clap in

1028
00:46:55,040 --> 00:46:57,120
Speaker 3: the movie. I just want to know you gotta celebrate that, man,

1029
00:46:57,160 --> 00:46:59,160
Speaker 3: because yeah, I wish we could do it side by side,

1030
00:46:59,200 --> 00:47:01,120
Speaker 3: But that blo I think he brought earlier.

1031
00:47:01,560 --> 00:47:03,200
Speaker 5: Yeah, let me go back to it.

1032
00:47:03,280 --> 00:47:06,040
Speaker 3: Yeah, can you go back to that? Yeah, so that block,

1033
00:47:06,239 --> 00:47:09,160
Speaker 3: you brought that block? And then how many years later.

1034
00:47:09,960 --> 00:47:13,839
Speaker 7: So twenty fourteen, and then twenty nineteen, twenty eighteen when

1035
00:47:13,920 --> 00:47:17,000
Speaker 7: when I first started building them, So twenty nineteen they

1036
00:47:17,040 --> 00:47:18,560
Speaker 7: were the first three were done. I think that's when

1037
00:47:18,560 --> 00:47:22,200
Speaker 7: I was on y'all show last year, and you know,

1038
00:47:22,360 --> 00:47:24,279
Speaker 7: people told me that they were like, man, nobody's gonna

1039
00:47:24,280 --> 00:47:25,759
Speaker 7: buy that. You know, nobody's gonna want to live in

1040
00:47:25,760 --> 00:47:27,920
Speaker 7: the neighborhood. You know you're not gonna be able to

1041
00:47:27,920 --> 00:47:29,719
Speaker 7: get the prices that you're thinking you're gonna get for them.

1042
00:47:30,080 --> 00:47:33,719
Speaker 7: And I mean, I proved everybody wrong. I got I

1043
00:47:33,719 --> 00:47:36,880
Speaker 7: got full asking price. All the buyers looked like me, everybody.

1044
00:47:37,320 --> 00:47:39,799
Speaker 7: I didn't have to oversell anybody. There's enough of us

1045
00:47:39,800 --> 00:47:42,520
Speaker 7: that see the value of moving back to our communities.

1046
00:47:43,120 --> 00:47:44,960
Speaker 5: That you know it's worth it.

1047
00:47:44,960 --> 00:47:47,359
Speaker 7: It's worth it's worth taking a shot, it's worth of

1048
00:47:47,640 --> 00:47:49,759
Speaker 7: rebuilding and bringing people back to the community.

1049
00:47:50,040 --> 00:47:50,200
Speaker 2: Man.

1050
00:47:50,280 --> 00:47:53,240
Speaker 7: One of one of the most powerful experiences I had

1051
00:47:53,800 --> 00:47:55,160
Speaker 7: was when I was under construction.

1052
00:47:55,960 --> 00:47:57,839
Speaker 5: It's two two black kids walked down the street.

1053
00:47:57,840 --> 00:48:00,360
Speaker 7: Two boys, they were like maybe thirteen fourteen some like that,

1054
00:48:00,880 --> 00:48:03,600
Speaker 7: and they're like, man, you're building rent houses and I'm

1055
00:48:03,680 --> 00:48:07,400
Speaker 7: like no. He's like he's like, you work for the

1056
00:48:07,880 --> 00:48:10,239
Speaker 7: person that's building these. I'm like, no, I'm building them.

1057
00:48:10,360 --> 00:48:12,239
Speaker 7: He was like okay, He's like who's going to buy these?

1058
00:48:13,320 --> 00:48:15,239
Speaker 7: I was like, well, who you think is gonna bomb?

1059
00:48:15,280 --> 00:48:16,799
Speaker 5: He's like, well, they look like it looked like white

1060
00:48:16,800 --> 00:48:19,200
Speaker 5: people gonna buymb and I.

1061
00:48:19,120 --> 00:48:21,160
Speaker 7: Was like, man, you know, you know, well you'll be surprised,

1062
00:48:21,200 --> 00:48:22,719
Speaker 7: you man, know, there's people that look like you that

1063
00:48:22,760 --> 00:48:24,320
Speaker 7: can also afford these types of things.

1064
00:48:24,680 --> 00:48:26,280
Speaker 5: And I was like, I had two of them under contract.

1065
00:48:26,600 --> 00:48:28,800
Speaker 5: I was like, so, actually the first two buyers.

1066
00:48:28,640 --> 00:48:30,400
Speaker 7: Are people that come from a neighborhood just like you

1067
00:48:30,440 --> 00:48:32,640
Speaker 7: and went to college and you know, they have good

1068
00:48:32,719 --> 00:48:34,880
Speaker 7: jobs now and now they're coming back and buying this.

1069
00:48:35,200 --> 00:48:38,080
Speaker 5: And they were like, man, we didn't know that was possible.

1070
00:48:38,600 --> 00:48:42,279
Speaker 7: But you know that sounds sounds kind of cliche, but

1071
00:48:42,280 --> 00:48:44,400
Speaker 7: there's there's kids in that community that now have a

1072
00:48:44,400 --> 00:48:45,640
Speaker 7: positive representation.

1073
00:48:46,000 --> 00:48:47,640
Speaker 5: They can see people that look.

1074
00:48:47,600 --> 00:48:50,040
Speaker 7: Like them, that's our age pulling out their driveways and

1075
00:48:50,560 --> 00:48:53,600
Speaker 7: porsches and audi's and BMW's.

1076
00:48:53,680 --> 00:48:54,319
Speaker 5: It looked like them.

1077
00:48:54,360 --> 00:48:57,280
Speaker 7: That's the representation they didn't have before. The only representation

1078
00:48:57,360 --> 00:48:59,840
Speaker 7: they had of successful people was illegal entrepreneurs.

1079
00:48:59,840 --> 00:49:03,080
Speaker 5: You know. But that's all a part of buying the block.

1080
00:49:03,160 --> 00:49:03,239
Speaker 2: Man.

1081
00:49:03,280 --> 00:49:04,920
Speaker 7: It's not just about you buying and you being an

1082
00:49:04,960 --> 00:49:08,000
Speaker 7: investor and just holding it onto it. It's about creating

1083
00:49:08,040 --> 00:49:11,040
Speaker 7: opportunities like this as being in the development and building

1084
00:49:11,080 --> 00:49:14,200
Speaker 7: and enticing other people to come back to the community.

1085
00:49:14,560 --> 00:49:19,439
Speaker 5: So that's amazing. Yeah, So fast forward. This is fifth ward.

1086
00:49:19,480 --> 00:49:22,520
Speaker 7: Now you see all these prices over here right for

1087
00:49:22,560 --> 00:49:23,560
Speaker 7: four hundred thousand dollars.

1088
00:49:23,560 --> 00:49:23,719
Speaker 2: Hour.

1089
00:49:24,120 --> 00:49:26,760
Speaker 7: When I bought that first block, you couldn't you couldn't

1090
00:49:26,800 --> 00:49:28,080
Speaker 7: sell a lot for twenty thousand dollars.

1091
00:49:28,160 --> 00:49:28,799
Speaker 5: It would just sit.

1092
00:49:29,360 --> 00:49:32,200
Speaker 7: But now you have all this activity, the yellow ones

1093
00:49:32,239 --> 00:49:34,799
Speaker 7: appending the green, the new listings, and there's a bunch

1094
00:49:34,800 --> 00:49:36,360
Speaker 7: of souls that are in the community.

1095
00:49:36,760 --> 00:49:38,480
Speaker 5: But four hundred thousand dollars, you know.

1096
00:49:39,600 --> 00:49:43,040
Speaker 7: And so this is one of one of the articles

1097
00:49:43,080 --> 00:49:44,680
Speaker 7: that they put me in the paper for just talking

1098
00:49:44,680 --> 00:49:47,040
Speaker 7: about my projects. This is not talking about the second project.

1099
00:49:48,040 --> 00:49:50,800
Speaker 7: So let's go back to the Highway story. So this

1100
00:49:51,040 --> 00:49:53,960
Speaker 7: block right here is the second product. This is the

1101
00:49:53,960 --> 00:49:56,800
Speaker 7: eighteen houses I was talking about with the two commercial buildings.

1102
00:49:57,000 --> 00:49:59,400
Speaker 7: This is that same freeway once again, an infamous freeway.

1103
00:50:00,080 --> 00:50:02,239
Speaker 7: So you know, we can continue to talk about these

1104
00:50:02,239 --> 00:50:05,040
Speaker 7: things and complain about them, or we can say, Okay,

1105
00:50:05,080 --> 00:50:06,720
Speaker 7: we know this is there, we know this happened.

1106
00:50:06,840 --> 00:50:07,640
Speaker 5: Now what are we going to.

1107
00:50:07,640 --> 00:50:08,200
Speaker 3: Do about it?

1108
00:50:08,480 --> 00:50:11,480
Speaker 5: Right, it's our responsibility to fix the problem.

1109
00:50:11,560 --> 00:50:15,399
Speaker 7: So the owners of this, the landlords, they had had

1110
00:50:15,400 --> 00:50:19,720
Speaker 7: this for about twenty years and they were ready to retire.

1111
00:50:19,800 --> 00:50:21,719
Speaker 5: So not all landlords passed property down.

1112
00:50:21,760 --> 00:50:25,040
Speaker 7: That's another myth. Real estate is not generational wealth unless

1113
00:50:25,080 --> 00:50:29,080
Speaker 7: you have taught your kids how to do systems and

1114
00:50:29,120 --> 00:50:31,399
Speaker 7: they see that it's worthwhile for them to take over

1115
00:50:31,440 --> 00:50:35,040
Speaker 7: that same investment, that same vehicle. In this case, the

1116
00:50:35,120 --> 00:50:37,200
Speaker 7: kids did not want to take over it, so the

1117
00:50:37,239 --> 00:50:39,759
Speaker 7: parents were told that they should sell it.

1118
00:50:39,880 --> 00:50:40,280
Speaker 5: Okay.

1119
00:50:40,640 --> 00:50:43,359
Speaker 7: So, and what would have happened if I didn't buy it?

1120
00:50:43,400 --> 00:50:46,200
Speaker 7: Because all that redevelopment, by the way, all those new townhomes,

1121
00:50:46,239 --> 00:50:48,080
Speaker 7: if you see my cursor up in the left corner,

1122
00:50:48,120 --> 00:50:51,520
Speaker 7: that's right there, that's all new construction right there. So

1123
00:50:51,680 --> 00:50:54,680
Speaker 7: had I not bought it, an investment outside the community

1124
00:50:54,680 --> 00:50:56,399
Speaker 7: would have bought it and they were done a couple

1125
00:50:56,440 --> 00:50:58,080
Speaker 7: of things. They would have came in and you know,

1126
00:50:58,160 --> 00:51:01,400
Speaker 7: did the deep renovations, you know, and then raise the

1127
00:51:01,440 --> 00:51:04,360
Speaker 7: rents and if tenants can't afford it, oh well, or

1128
00:51:04,360 --> 00:51:05,839
Speaker 7: they would have held it for a little while decided

1129
00:51:05,880 --> 00:51:07,600
Speaker 7: to tear it down and build some new construction here.

1130
00:51:07,760 --> 00:51:10,320
Speaker 7: But for me, this was an opportunity to say, Okay,

1131
00:51:10,320 --> 00:51:12,600
Speaker 7: on that other block, I bought that old abandoned grocery

1132
00:51:12,600 --> 00:51:14,719
Speaker 7: store in that site, I brought new construction in.

1133
00:51:15,000 --> 00:51:16,920
Speaker 5: Now I can show the other side of buying the block.

1134
00:51:17,400 --> 00:51:19,280
Speaker 7: We can buy the block and make sure we preserve

1135
00:51:20,760 --> 00:51:23,720
Speaker 7: the lifestyles and the sense of normalcy that the residents

1136
00:51:23,719 --> 00:51:26,279
Speaker 7: have that have been here long term. So the way

1137
00:51:26,440 --> 00:51:28,560
Speaker 7: you can do a project like this, since it is

1138
00:51:28,640 --> 00:51:31,000
Speaker 7: so close to redevelopment, it's so close to the catalyst

1139
00:51:31,080 --> 00:51:33,680
Speaker 7: that I talked about earlier, is that you can get

1140
00:51:33,719 --> 00:51:37,080
Speaker 7: your return on your investment through value appreciation. Okay, because

1141
00:51:37,080 --> 00:51:39,359
Speaker 7: this property value is going to go up significantly, so

1142
00:51:39,440 --> 00:51:42,520
Speaker 7: you don't have to worry so much about cash flow

1143
00:51:42,680 --> 00:51:45,080
Speaker 7: solely where you have to raise the rents astronomically to

1144
00:51:45,080 --> 00:51:47,680
Speaker 7: get the return. This property value is going to double

1145
00:51:47,800 --> 00:51:52,440
Speaker 7: or triple but you know, conservative conservatively, I'm saying it's

1146
00:51:52,480 --> 00:51:53,640
Speaker 7: going to go up thirty to forty percent.

1147
00:51:53,640 --> 00:51:56,239
Speaker 5: But every other neighborhood that's been gentrified lots that.

1148
00:51:56,200 --> 00:51:59,360
Speaker 7: Will worth two fifty I mean, we're worth twenty five thousand,

1149
00:51:59,400 --> 00:52:03,040
Speaker 7: and now we're two and fifty thousand. So for this one,

1150
00:52:03,080 --> 00:52:04,200
Speaker 7: this is the one I actually got to do the

1151
00:52:04,200 --> 00:52:06,759
Speaker 7: crowdfund on. So what I did with the crowdfund, I'll

1152
00:52:06,760 --> 00:52:10,600
Speaker 7: go back to this FLA. The crowdfund is once I

1153
00:52:10,640 --> 00:52:14,600
Speaker 7: negotiated with the sellers to the purchase price. They wanted

1154
00:52:14,640 --> 00:52:18,000
Speaker 7: one point five million for the whole block. I negotiated

1155
00:52:18,000 --> 00:52:20,760
Speaker 7: them down to one point two five So I negotiate

1156
00:52:20,800 --> 00:52:24,279
Speaker 7: them down a quarter of a million. And you know

1157
00:52:24,360 --> 00:52:26,920
Speaker 7: what happened was, since they were sellers and you know,

1158
00:52:27,480 --> 00:52:29,680
Speaker 7: they really didn't have accounting and all that kind of stuff,

1159
00:52:29,760 --> 00:52:31,960
Speaker 7: I told them, you know, even if you wanted to,

1160
00:52:33,640 --> 00:52:35,319
Speaker 7: if you wanted me to pay one point five for it,

1161
00:52:35,600 --> 00:52:37,040
Speaker 7: I couldn't go to a bank and get a one

1162
00:52:37,080 --> 00:52:40,040
Speaker 7: point five million dollar valuation because you don't, you know,

1163
00:52:40,080 --> 00:52:42,120
Speaker 7: there's no accounting records to show where the true revenue

1164
00:52:42,160 --> 00:52:42,920
Speaker 7: is for the property.

1165
00:52:43,160 --> 00:52:44,719
Speaker 5: There's not a lot of sales in the community.

1166
00:52:45,080 --> 00:52:47,440
Speaker 7: So you know, what I would like to do is

1167
00:52:47,719 --> 00:52:50,200
Speaker 7: get you to you know, come down a little bit

1168
00:52:50,239 --> 00:52:52,360
Speaker 7: off of that price and work with me over a

1169
00:52:52,360 --> 00:52:54,320
Speaker 7: few years. Let me establish the accounting records, let me

1170
00:52:54,400 --> 00:52:56,440
Speaker 7: establish all these things, and then I can go back

1171
00:52:56,480 --> 00:53:01,640
Speaker 7: and refinance. And then once the bank see the you know,

1172
00:53:01,640 --> 00:53:04,520
Speaker 7: the records, they can extract a true value for that

1173
00:53:04,719 --> 00:53:07,560
Speaker 7: entire block, and it'll be much easier for me to

1174
00:53:07,600 --> 00:53:09,520
Speaker 7: get them to give me six hundred and fifty thousand,

1175
00:53:09,520 --> 00:53:12,439
Speaker 7: which is half of the purchase price, then it would

1176
00:53:12,520 --> 00:53:14,080
Speaker 7: be for me to go and ask them for one

1177
00:53:14,080 --> 00:53:16,560
Speaker 7: point five million right now. And so that's the kind

1178
00:53:16,560 --> 00:53:19,160
Speaker 7: of conversations you have to have with sellers sometimes if you.

1179
00:53:19,160 --> 00:53:19,960
Speaker 5: Want to get creative.

1180
00:53:20,280 --> 00:53:23,160
Speaker 7: And they bought in, you know, so they owner finances,

1181
00:53:23,560 --> 00:53:25,720
Speaker 7: they wouldn't take ten percent, they wouldn't take twenty percent

1182
00:53:25,760 --> 00:53:30,080
Speaker 7: down so they wanted something significant, so fifty percent. So

1183
00:53:30,120 --> 00:53:32,880
Speaker 7: what I did with that was, first I secured a

1184
00:53:32,960 --> 00:53:37,000
Speaker 7: private investor that I knew that could back me on

1185
00:53:37,239 --> 00:53:40,920
Speaker 7: bringing the majority of that down payment to closing if

1186
00:53:40,920 --> 00:53:44,279
Speaker 7: I couldn't raise it. But once I secured that this

1187
00:53:44,320 --> 00:53:46,200
Speaker 7: is the opportunity, I decided it was okay to do

1188
00:53:46,239 --> 00:53:49,400
Speaker 7: a crowdfund with because the crowdfund, like I talked about earlier,

1189
00:53:50,280 --> 00:53:52,800
Speaker 7: it requires you to.

1190
00:53:52,600 --> 00:53:55,200
Speaker 5: Have all your your i's dotted.

1191
00:53:54,920 --> 00:53:58,040
Speaker 7: And your tea's crossed because you're going to take outside

1192
00:53:58,040 --> 00:54:00,840
Speaker 7: people's money. And so with this, some of these residents

1193
00:54:00,880 --> 00:54:02,920
Speaker 7: in these houses have been living there for twenty years.

1194
00:54:02,960 --> 00:54:03,360
Speaker 5: Literally.

1195
00:54:04,280 --> 00:54:07,040
Speaker 7: There's there's mother daughters that live in separate houses on

1196
00:54:07,040 --> 00:54:09,200
Speaker 7: the property. There's niece and uncle that lived next door

1197
00:54:09,239 --> 00:54:12,160
Speaker 7: to each other. And you know, these are long term

1198
00:54:12,239 --> 00:54:17,600
Speaker 7: stable tenants, all all African American, some.

1199
00:54:17,520 --> 00:54:21,280
Speaker 5: Of them, most of them.

1200
00:54:20,000 --> 00:54:22,120
Speaker 7: Actually all of them hardworking. I don't have there's no

1201
00:54:22,200 --> 00:54:24,400
Speaker 7: there's really no Section eight tenants here. These are people

1202
00:54:24,400 --> 00:54:28,719
Speaker 7: that are just hardworking but on fixed incomes. Right, So

1203
00:54:30,120 --> 00:54:31,719
Speaker 7: for that, that made a good base case for me.

1204
00:54:31,800 --> 00:54:35,279
Speaker 7: It's like, Okay, there's long term stable revenue coming from

1205
00:54:35,360 --> 00:54:38,200
Speaker 7: the residential side of this property. These two commercial buildings

1206
00:54:38,239 --> 00:54:41,560
Speaker 7: over here were vacant, so that gives me upside, right,

1207
00:54:41,600 --> 00:54:43,399
Speaker 7: so I can buy it. No, I'm gonna have all

1208
00:54:43,400 --> 00:54:46,040
Speaker 7: this revenue, which is about nine thousand, almost ten thousand

1209
00:54:46,040 --> 00:54:48,120
Speaker 7: dollars a month coming from here, and then I can

1210
00:54:48,160 --> 00:54:51,040
Speaker 7: go in and renovate these two and bring in another

1211
00:54:51,080 --> 00:54:52,759
Speaker 7: seven eight thousand dollars a month in revenue on the

1212
00:54:52,800 --> 00:54:54,240
Speaker 7: commercial side.

1213
00:54:54,600 --> 00:54:55,279
Speaker 5: So that's what I did.

1214
00:54:55,320 --> 00:54:58,239
Speaker 7: So that's how I decided to package it up, and

1215
00:54:58,239 --> 00:55:01,840
Speaker 7: I decided to do the crowdfund. And you know, I

1216
00:55:01,840 --> 00:55:03,719
Speaker 7: didn't know how successful the crowdfund was going to be,

1217
00:55:04,160 --> 00:55:07,279
Speaker 7: but it ended up being extremely successful. The most you

1218
00:55:07,320 --> 00:55:10,520
Speaker 7: can raise with this type of crowdfund and it's SEC regulated,

1219
00:55:10,680 --> 00:55:13,520
Speaker 7: is a million and seventy thousand, and it took me

1220
00:55:13,560 --> 00:55:16,040
Speaker 7: seven months and we hit that goal. So that gave

1221
00:55:16,120 --> 00:55:19,640
Speaker 7: us enough money to go in and renovate everything and

1222
00:55:19,680 --> 00:55:25,120
Speaker 7: pay off the short term debt with the bridge loan

1223
00:55:25,160 --> 00:55:26,719
Speaker 7: because I did have to close on it in March,

1224
00:55:26,719 --> 00:55:28,960
Speaker 7: which was before I had raised the full six hundred thousand,

1225
00:55:29,360 --> 00:55:31,640
Speaker 7: so I ended up using some of the private investors' money,

1226
00:55:31,680 --> 00:55:34,480
Speaker 7: but not all of it. So this is what the

1227
00:55:34,480 --> 00:55:36,759
Speaker 7: properties looked like before. Again, attendants had been there long term,

1228
00:55:36,800 --> 00:55:38,600
Speaker 7: they were happy with it. So what I did was

1229
00:55:38,600 --> 00:55:41,560
Speaker 7: I just to reinforce that we were there to protect

1230
00:55:41,600 --> 00:55:42,399
Speaker 7: them and you.

1231
00:55:42,360 --> 00:55:44,120
Speaker 5: Know, we were going to be good landlords.

1232
00:55:44,960 --> 00:55:46,759
Speaker 7: I went and I did some slight renovations to the

1233
00:55:46,800 --> 00:55:48,080
Speaker 7: property just to make them feel better.

1234
00:55:48,200 --> 00:55:49,279
Speaker 5: So this is what it looks like now.

1235
00:55:49,320 --> 00:55:51,719
Speaker 7: I came in, I did landscaping, I put screens on

1236
00:55:51,760 --> 00:55:56,680
Speaker 7: everybody's windows to help with their utility bills, and repainted everything.

1237
00:55:57,080 --> 00:55:58,440
Speaker 5: Just made it look nice and neat, and you can

1238
00:55:58,440 --> 00:55:59,440
Speaker 5: see the bottom picture.

1239
00:55:59,239 --> 00:56:01,960
Speaker 7: Actually repaved it everything to give it a fresh new look.

1240
00:56:02,719 --> 00:56:04,800
Speaker 7: This is the status of one of the commercial buildings.

1241
00:56:05,040 --> 00:56:06,920
Speaker 7: So this is going to be short term peer space.

1242
00:56:07,200 --> 00:56:09,319
Speaker 7: So this is what looked like before. It looked like

1243
00:56:09,320 --> 00:56:11,640
Speaker 7: it was almost tear down worthy, you know, but we

1244
00:56:11,680 --> 00:56:13,759
Speaker 7: took it back to the bones, and now this is

1245
00:56:13,760 --> 00:56:16,759
Speaker 7: what it looks like. This is what it looked like

1246
00:56:16,800 --> 00:56:21,120
Speaker 7: on the inside before, and so this is what it

1247
00:56:21,120 --> 00:56:23,920
Speaker 7: looks like now. This is what a couple weeks ago

1248
00:56:23,960 --> 00:56:25,680
Speaker 7: the renovations, and this is closer. This is what it

1249
00:56:25,719 --> 00:56:29,200
Speaker 7: looks like now. So I'm almost done with it. You know,

1250
00:56:29,280 --> 00:56:31,719
Speaker 7: this is going to be so I think of airbnb

1251
00:56:31,760 --> 00:56:35,319
Speaker 7: before business uses short term business, uses event space or

1252
00:56:35,360 --> 00:56:37,080
Speaker 7: like office spaces, et cetera, et cetera.

1253
00:56:37,880 --> 00:56:39,520
Speaker 5: And then this is the other building. This is the

1254
00:56:39,560 --> 00:56:40,120
Speaker 5: building down.

1255
00:56:40,040 --> 00:56:41,560
Speaker 7: Here in the corner where we've got to gut it

1256
00:56:41,600 --> 00:56:44,279
Speaker 7: back to the studs and we're getting ready to bring

1257
00:56:44,320 --> 00:56:46,280
Speaker 7: it back. It's probably going to be an event space

1258
00:56:46,320 --> 00:56:48,120
Speaker 7: for now, and then we're probably gonna turn Ino a

1259
00:56:48,160 --> 00:56:50,600
Speaker 7: coffee shop in a year or two. We had coffee

1260
00:56:50,600 --> 00:56:53,279
Speaker 7: shops the original concept. Because of COVID, I don't want

1261
00:56:53,320 --> 00:56:57,360
Speaker 7: to take all that additional and additional capital and invest

1262
00:56:57,400 --> 00:57:00,359
Speaker 7: in something that may not secure a tenant right way,

1263
00:57:00,680 --> 00:57:02,680
Speaker 7: So it's something like event spaces where you just I'm

1264
00:57:02,719 --> 00:57:04,839
Speaker 7: just building it back out to basically what they call

1265
00:57:04,880 --> 00:57:08,080
Speaker 7: in commercial real estate, just a box, right so white floors,

1266
00:57:08,080 --> 00:57:11,000
Speaker 7: white walls, and lighting and open space so people can

1267
00:57:11,000 --> 00:57:12,120
Speaker 7: rent it and use it like that and we can

1268
00:57:12,160 --> 00:57:14,600
Speaker 7: generate revenue off of it without having to have a

1269
00:57:14,640 --> 00:57:15,600
Speaker 7: significant investment.

1270
00:57:16,160 --> 00:57:18,400
Speaker 5: So yeah, man, And.

1271
00:57:18,360 --> 00:57:19,840
Speaker 7: This is this is what you're talking about Troy, the

1272
00:57:19,840 --> 00:57:23,280
Speaker 7: Culture Arts district. So the whole street, this whole street

1273
00:57:23,320 --> 00:57:25,560
Speaker 7: with fifth word Community Development Corporation got disapproved to be

1274
00:57:25,560 --> 00:57:26,560
Speaker 7: a culture arts district.

1275
00:57:27,880 --> 00:57:28,400
Speaker 5: So yeah.

1276
00:57:28,440 --> 00:57:31,400
Speaker 7: So and this project, this crowdfunded project, is right here

1277
00:57:31,400 --> 00:57:33,240
Speaker 7: in the heart of it, right off of the freeway.

1278
00:57:33,760 --> 00:57:35,720
Speaker 5: So that's another upside for.

1279
00:57:36,040 --> 00:57:37,920
Speaker 7: Having ownership in this community because there's gonna be a

1280
00:57:37,920 --> 00:57:41,640
Speaker 7: lot of uh public money coming into the community now

1281
00:57:41,640 --> 00:57:45,440
Speaker 7: because it's a culture arts district. So yeah, man, So

1282
00:57:45,480 --> 00:57:47,160
Speaker 7: that's it. That's that's what I got for you.

1283
00:57:47,320 --> 00:57:50,360
Speaker 3: That's incredible appreciation. I asked. I asked Chris to put

1284
00:57:50,400 --> 00:57:53,120
Speaker 3: together a presentation. I didn't know he was going to

1285
00:57:53,120 --> 00:57:57,440
Speaker 3: do a whole that was. That was extremely impressive.

1286
00:57:57,560 --> 00:57:57,760
Speaker 11: Man.

1287
00:57:57,840 --> 00:58:00,760
Speaker 3: I really, I really, really, really really appreciate that. That was.

1288
00:58:00,800 --> 00:58:02,720
Speaker 3: That was extremely extremely impressive.

1289
00:58:03,800 --> 00:58:06,120
Speaker 5: Well appreciated man, much appreciated man.

1290
00:58:06,200 --> 00:58:07,520
Speaker 7: And trust me, I can go hours on each one

1291
00:58:07,520 --> 00:58:09,520
Speaker 7: of those slides, so I try to keep it short.

1292
00:58:10,560 --> 00:58:12,000
Speaker 3: Now, you know what the thing about it is, and

1293
00:58:12,000 --> 00:58:13,840
Speaker 3: we're gonna go into the best part of the whole

1294
00:58:13,880 --> 00:58:16,480
Speaker 3: situation when people get to ask questions and answer the questions.

1295
00:58:16,480 --> 00:58:19,520
Speaker 3: But it's like, you know, we're in a political season

1296
00:58:19,600 --> 00:58:22,320
Speaker 3: right now, and obviously everybody should go out there and

1297
00:58:22,400 --> 00:58:24,440
Speaker 3: vote for, you know, whatever you think is the right

1298
00:58:24,520 --> 00:58:28,640
Speaker 3: situation to do. But nobody's coming to save you either way.

1299
00:58:29,440 --> 00:58:32,040
Speaker 3: You can't rely on you can't rely on government programs,

1300
00:58:32,440 --> 00:58:36,520
Speaker 3: You can't rely on any type of you know, opportunity

1301
00:58:36,680 --> 00:58:40,160
Speaker 3: zone government assistance to help build. Like at the end

1302
00:58:40,160 --> 00:58:44,680
Speaker 3: of the day, human human nature is self preservation and

1303
00:58:44,840 --> 00:58:50,880
Speaker 3: people people are tribal by nature and and and they

1304
00:58:50,920 --> 00:58:54,440
Speaker 3: look out for their own tribe. So it's unrealistic to

1305
00:58:54,480 --> 00:58:59,760
Speaker 3: expect anybody to come uh better our situation as it

1306
00:58:59,800 --> 00:59:02,080
Speaker 3: can unity. This is why we have to do it ourselves.

1307
00:59:02,160 --> 00:59:04,520
Speaker 3: So when we just you know, give you the whole

1308
00:59:04,520 --> 00:59:06,880
Speaker 3: blueprint about how he built, how he's buying back the

1309
00:59:06,880 --> 00:59:09,760
Speaker 3: block in Houston, Texas, He's doing it like hook a crook.

1310
00:59:09,840 --> 00:59:12,080
Speaker 3: And the thing about it is like when he when

1311
00:59:12,080 --> 00:59:14,520
Speaker 3: he he just laid out like two different things because

1312
00:59:14,560 --> 00:59:17,480
Speaker 3: like the first one he did with just private money

1313
00:59:17,600 --> 00:59:21,560
Speaker 3: the woman that had the IRA, and then he puts

1314
00:59:21,560 --> 00:59:24,640
Speaker 3: some money down. Then the second time he did the crowdfunding.

1315
00:59:24,800 --> 00:59:27,080
Speaker 3: So he's given you multiple different Like on that first

1316
00:59:27,080 --> 00:59:28,720
Speaker 3: slide where it was like you can do it yourself,

1317
00:59:28,760 --> 00:59:30,720
Speaker 3: you can do a bank finance and you could do crowdfunding.

1318
00:59:30,720 --> 00:59:33,280
Speaker 3: He's giving you different things and he actually did different things.

1319
00:59:33,320 --> 00:59:36,600
Speaker 3: And it's like it's not like he's coming from you know,

1320
00:59:36,720 --> 00:59:38,960
Speaker 3: millions of dollars and got a million dollar loan and

1321
00:59:39,040 --> 00:59:40,800
Speaker 3: bank loans and all that stuff. It's like we can

1322
00:59:40,880 --> 00:59:43,360
Speaker 3: make excuses or we can we can get it done,

1323
00:59:43,400 --> 00:59:46,120
Speaker 3: and we can you know, change the direction of our

1324
00:59:46,200 --> 00:59:48,320
Speaker 3: of our family and our legacy. And that's what I

1325
00:59:48,320 --> 00:59:50,640
Speaker 3: really like about you. It's like you're not making excuses.

1326
00:59:51,120 --> 00:59:53,400
Speaker 3: He's just out here just just doing it done. Man,

1327
00:59:53,640 --> 00:59:54,160
Speaker 3: get it done.

1328
00:59:54,160 --> 00:59:56,760
Speaker 9: We ain't throwing the word legend around lightly. Man, We're

1329
00:59:56,800 --> 00:59:58,600
Speaker 9: talking to a real legend. And I'm glad you said

1330
00:59:58,600 --> 01:00:00,800
Speaker 9: the opportunities on christ I heard you say something that

1331
01:00:00,840 --> 01:00:03,280
Speaker 9: I've never heard before, and we kind of explained what

1332
01:00:03,320 --> 01:00:05,320
Speaker 9: opportunities zones well and shout out to our brother MG

1333
01:00:05,400 --> 01:00:05,720
Speaker 9: to Mortgas.

1334
01:00:05,800 --> 01:00:07,160
Speaker 2: God, we did a whole segment.

1335
01:00:06,800 --> 01:00:09,000
Speaker 9: On that, but you said they kind of really don't

1336
01:00:09,040 --> 01:00:11,880
Speaker 9: benefit us, obviously because you have to have capital gains.

1337
01:00:11,880 --> 01:00:16,080
Speaker 2: But you said something very interesting. You said, earners, what's up?

1338
01:00:16,200 --> 01:00:18,680
Speaker 9: You ever walk into a small business and everything just

1339
01:00:18,800 --> 01:00:22,000
Speaker 9: works like the checkout is fast, the receipts are digital,

1340
01:00:22,520 --> 01:00:25,479
Speaker 9: tipping is a breeze, and you're out the door before

1341
01:00:25,520 --> 01:00:29,640
Speaker 9: the line even builds. Odds are they're using Square. We

1342
01:00:29,800 --> 01:00:32,360
Speaker 9: love supporting businesses that run on Square because it just

1343
01:00:32,400 --> 01:00:35,640
Speaker 9: feels seamless. Whether it's a local coffee shop, a vendor

1344
01:00:35,680 --> 01:00:37,800
Speaker 9: at a pop up market, or even one.

1345
01:00:37,680 --> 01:00:38,800
Speaker 2: Of our merch partners.

1346
01:00:39,040 --> 01:00:42,840
Speaker 9: Square makes it easy for them to take payments, manage inventory,

1347
01:00:42,920 --> 01:00:46,840
Speaker 9: and run their business with confidence, all from one simple system.

1348
01:00:47,280 --> 01:00:49,880
Speaker 9: If you're a business owner or even just thinking about

1349
01:00:49,960 --> 01:00:53,040
Speaker 9: launching something soon. Square is hands down one of the

1350
01:00:53,080 --> 01:00:56,520
Speaker 9: best tools out there to help you start, run, and grow.

1351
01:00:56,800 --> 01:00:59,760
Speaker 9: It's not just about payments, it's about giving you time

1352
01:00:59,800 --> 01:01:02,840
Speaker 9: back so you can focus on what matters most ready.

1353
01:01:02,880 --> 01:01:06,240
Speaker 9: To see how Square can transform your business, visit Square

1354
01:01:06,320 --> 01:01:10,840
Speaker 9: dot com backslash go backslash eyl to learn more that

1355
01:01:11,040 --> 01:01:16,480
Speaker 9: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

1356
01:01:16,600 --> 01:01:19,000
Speaker 9: Let's Square handle the back end so you can keep

1357
01:01:19,000 --> 01:01:25,120
Speaker 9: pushing your vision forward. This episode is brought to you

1358
01:01:25,120 --> 01:01:27,400
Speaker 9: by P and C Bank. A lot of people think

1359
01:01:27,480 --> 01:01:31,360
Speaker 9: podcasts about work are boring, and sure they definitely can be,

1360
01:01:31,840 --> 01:01:35,120
Speaker 9: but understanding a professionals routine shows us how they achieve

1361
01:01:35,160 --> 01:01:39,400
Speaker 9: their success little by little, day after day. It's like

1362
01:01:39,440 --> 01:01:42,240
Speaker 9: banking with P and C Bank. It might seem boring

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01:01:42,280 --> 01:01:45,160
Speaker 9: to save, plan and make calculated decisions with your bank,

1364
01:01:45,560 --> 01:01:48,040
Speaker 9: but keeping your money boring is what helps you live

1365
01:01:48,160 --> 01:01:52,160
Speaker 9: or more happily fulfilled life. P and C Bank Brilliantly

1366
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Speaker 9: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

1367
01:01:56,840 --> 01:01:59,600
Speaker 9: five is a service mark of the PNC Financial Service

1368
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Speaker 9: Group in P and c Bank National Association Member FDIC.

1369
01:02:06,160 --> 01:02:10,040
Speaker 12: You just realized your business needed to hire someone yesterday.

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Speaker 12: you can reach the people you want faster. According to

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01:02:35,800 --> 01:02:39,280
Speaker 12: any longer, speed up your hiring right now with Indeed,

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01:02:42,000 --> 01:02:45,200
Speaker 12: dollars sponsored job credit to get your jobs more visibility

1380
01:02:45,360 --> 01:02:51,040
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1381
01:02:51,120 --> 01:02:55,880
Speaker 12: to Indeed dot com slash pod katz thirteen right now

1382
01:02:56,240 --> 01:02:58,800
Speaker 12: and support our show by saying you heard about Indeed

1383
01:02:58,840 --> 01:03:03,120
Speaker 12: on this podcast. Terms and conditions apply. Hiring Indeed is

1384
01:03:03,200 --> 01:03:03,880
Speaker 12: all you need.

1385
01:03:04,440 --> 01:03:07,360
Speaker 9: The process of moving your business into an opportunity zone

1386
01:03:07,360 --> 01:03:08,080
Speaker 9: could benefit us.

1387
01:03:08,080 --> 01:03:09,440
Speaker 2: Can you talk about that just a little bit?

1388
01:03:10,520 --> 01:03:15,760
Speaker 7: Yeah, so, So the way it works is, well, I

1389
01:03:15,760 --> 01:03:18,120
Speaker 7: think you have to acquire a business outside of an

1390
01:03:18,120 --> 01:03:21,040
Speaker 7: opportunity zone, or you have to have investors.

1391
01:03:21,520 --> 01:03:23,320
Speaker 5: Okay, let me let me back up.

1392
01:03:23,600 --> 01:03:27,040
Speaker 7: So, yeah, so if you personally acquire a business that's

1393
01:03:27,040 --> 01:03:29,000
Speaker 7: outside of an opportunity zone and then you move it

1394
01:03:29,000 --> 01:03:31,880
Speaker 7: into an opportunity zone, you get the same tax benefits

1395
01:03:32,480 --> 01:03:35,560
Speaker 7: as the people that are investing in real estate in

1396
01:03:35,600 --> 01:03:41,440
Speaker 7: those zones. You can also have investors invest in a

1397
01:03:41,480 --> 01:03:44,800
Speaker 7: business for you to buy and then you relocate into

1398
01:03:44,800 --> 01:03:46,800
Speaker 7: an opportunity zone and those investors get.

1399
01:03:46,680 --> 01:03:48,000
Speaker 5: Those same tax benefits.

1400
01:03:49,160 --> 01:03:51,960
Speaker 7: And like you said, opportunity zones aren't really made for

1401
01:03:52,040 --> 01:03:54,600
Speaker 7: us because you have to have capital gains. So the

1402
01:03:54,640 --> 01:03:57,680
Speaker 7: way that you that you do benefit from it is

1403
01:03:57,720 --> 01:04:00,600
Speaker 7: you get investors to invest either in your real estate

1404
01:04:00,800 --> 01:04:01,680
Speaker 7: or your businesses.

1405
01:04:01,880 --> 01:04:04,440
Speaker 5: Get those those folks that do have capital gains to

1406
01:04:04,480 --> 01:04:07,840
Speaker 5: invest in your businesses. And then while you you.

1407
01:04:07,760 --> 01:04:11,080
Speaker 7: May get a small portion of the actual returns from

1408
01:04:11,080 --> 01:04:14,600
Speaker 7: an investment, you know you you have the ability to

1409
01:04:14,720 --> 01:04:17,360
Speaker 7: leverage all of their capital for whatever project you're trying

1410
01:04:17,360 --> 01:04:17,960
Speaker 7: to get done.

1411
01:04:18,720 --> 01:04:21,000
Speaker 3: There, you have it, So we're gonna jump into it.

1412
01:04:21,040 --> 01:04:22,480
Speaker 3: Can you can you hang out with us a little

1413
01:04:22,520 --> 01:04:23,439
Speaker 3: bit longer? Yeah?

1414
01:04:23,440 --> 01:04:23,840
Speaker 5: Definitely.

1415
01:04:24,000 --> 01:04:26,440
Speaker 3: Some question all right, So we're gonna were gonna answer questions.

1416
01:04:26,440 --> 01:04:28,480
Speaker 3: So before we do that anybody that came on late.

1417
01:04:28,560 --> 01:04:31,800
Speaker 3: So what we're doing right now, if if you're wondering

1418
01:04:31,840 --> 01:04:35,360
Speaker 3: why we're doing like this special YouTube live Eyo University

1419
01:04:35,400 --> 01:04:38,560
Speaker 3: is a platform that we built and we do weekly webinars.

1420
01:04:38,560 --> 01:04:40,360
Speaker 3: We do this like we do classes like this every

1421
01:04:40,360 --> 01:04:43,560
Speaker 3: single week and every Wednesday at eight o'clock Eastern Standard

1422
01:04:43,720 --> 01:04:45,720
Speaker 3: and the last Wednesday of the month we open it

1423
01:04:45,840 --> 01:04:48,040
Speaker 3: up to the public. We put it on YouTube, so

1424
01:04:48,080 --> 01:04:49,920
Speaker 3: it's like an open house, like you know, we feel

1425
01:04:49,920 --> 01:04:51,720
Speaker 3: like the best way to kind of you know, put

1426
01:04:51,720 --> 01:04:54,280
Speaker 3: the product on display is for people to walk through

1427
01:04:54,400 --> 01:04:56,840
Speaker 3: try it out right. We have nothing to hide, so

1428
01:04:57,560 --> 01:05:00,200
Speaker 3: this is this is just what that is. So and

1429
01:05:00,320 --> 01:05:02,560
Speaker 3: outside of this, we do weekly classes. We got the

1430
01:05:02,560 --> 01:05:04,160
Speaker 3: book club, we got the movie Club, we got the

1431
01:05:04,240 --> 01:05:06,800
Speaker 3: Facebook Investment Group, we got biweekly real estate called an

1432
01:05:06,840 --> 01:05:09,160
Speaker 3: MG the mortgage Guy. We got monthly financial planning calls

1433
01:05:09,160 --> 01:05:11,160
Speaker 3: with me. So we're really trying to build this out

1434
01:05:11,200 --> 01:05:13,680
Speaker 3: and to be like, like I keep saying Phoenix University

1435
01:05:13,720 --> 01:05:15,800
Speaker 3: because that's what I think about when I think about

1436
01:05:15,800 --> 01:05:18,960
Speaker 3: like online universities. I think, like everybody's kind of heard

1437
01:05:18,960 --> 01:05:21,720
Speaker 3: of Phoenix University. But I'm like, why can't eyl University

1438
01:05:21,800 --> 01:05:25,120
Speaker 3: be the flag bearer. And the way education is going

1439
01:05:25,200 --> 01:05:28,000
Speaker 3: now is like education is the only thing that can

1440
01:05:28,080 --> 01:05:31,280
Speaker 3: save you because it's like, you know, you you're trying

1441
01:05:31,320 --> 01:05:33,600
Speaker 3: to you know, you try to get a job, and

1442
01:05:33,640 --> 01:05:36,040
Speaker 3: it's good luck right now, right And it's like, you know,

1443
01:05:36,160 --> 01:05:39,600
Speaker 3: self education, as Mickey Faxx said, formal education can get

1444
01:05:39,640 --> 01:05:41,920
Speaker 3: you a portion. Self education can make you a fortune.

1445
01:05:42,000 --> 01:05:43,840
Speaker 3: You're not gonna learn any of this stuff in any

1446
01:05:43,880 --> 01:05:44,720
Speaker 3: Ivy League school.

1447
01:05:44,760 --> 01:05:45,080
Speaker 2: Pick one.

1448
01:05:45,120 --> 01:05:46,520
Speaker 3: You're not gonna learn any of this stuff in any

1449
01:05:46,520 --> 01:05:48,600
Speaker 3: Ivy League school. That's just a fact. It's not my opinion,

1450
01:05:48,800 --> 01:05:51,480
Speaker 3: it's a fact, and that has been told to us

1451
01:05:51,520 --> 01:05:57,080
Speaker 3: from hedge fund managers to VC capital firm owners, very

1452
01:05:57,160 --> 01:05:59,480
Speaker 3: high level intelligent people. They're like yo, with the information

1453
01:05:59,560 --> 01:06:02,160
Speaker 3: that you give. They're not teaching this in Stanford, like

1454
01:06:02,320 --> 01:06:05,120
Speaker 3: not at this level where people can understand it. For damn.

1455
01:06:05,120 --> 01:06:08,520
Speaker 3: They're free. So if you're interested, Eyo University, like I said,

1456
01:06:08,520 --> 01:06:11,400
Speaker 3: this is an open house platform that we do once

1457
01:06:11,440 --> 01:06:15,040
Speaker 3: a month and we're running a special promo code forty

1458
01:06:15,080 --> 01:06:18,439
Speaker 3: percent off. The price goes up in twenty four hours,

1459
01:06:18,480 --> 01:06:20,600
Speaker 3: so eight o'clock tomorrow, but it's three hundred like three

1460
01:06:20,640 --> 01:06:21,840
Speaker 3: hundred dollars, hundred and forty dollars.

1461
01:06:22,200 --> 01:06:24,000
Speaker 2: Somebody just said that this class itself is worth a

1462
01:06:24,000 --> 01:06:24,920
Speaker 2: price for the.

1463
01:06:24,840 --> 01:06:26,520
Speaker 3: Whole for the whole time. Yeah, it's like, you know,

1464
01:06:26,520 --> 01:06:28,960
Speaker 3: it's like the fact. What can you what can you

1465
01:06:29,000 --> 01:06:30,800
Speaker 3: do with that? That's like I said, that's a few

1466
01:06:30,800 --> 01:06:34,360
Speaker 3: bottles of sarack, like one bottle of sarrock in the club.

1467
01:06:34,120 --> 01:06:35,280
Speaker 2: In the club a fact.

1468
01:06:35,640 --> 01:06:36,160
Speaker 3: That's a fact.

1469
01:06:36,520 --> 01:06:38,560
Speaker 9: Ain't no theories, ain't no gimmicks. Man, We're giving it

1470
01:06:38,600 --> 01:06:40,400
Speaker 9: to you real live from real life people.

1471
01:06:40,480 --> 01:06:42,600
Speaker 3: And there's no code because before a lot of people

1472
01:06:42,680 --> 01:06:44,520
Speaker 3: was asking about the code it was issued. So for

1473
01:06:44,560 --> 01:06:46,760
Speaker 3: twenty four hours we took the code off. But it's

1474
01:06:46,760 --> 01:06:48,680
Speaker 3: a special link. You can only use the link in

1475
01:06:48,720 --> 01:06:52,040
Speaker 3: the YouTube description or the link that's pinned in YouTube.

1476
01:06:52,480 --> 01:06:54,400
Speaker 3: So if you're watching it, that's the only way you

1477
01:06:54,440 --> 01:06:56,320
Speaker 3: can get that. It's not on the website. You got

1478
01:06:56,320 --> 01:06:57,840
Speaker 3: to go through that link. I'll put it in the

1479
01:06:58,120 --> 01:07:00,520
Speaker 3: chat again. But yeah, let's go to my stated part.

1480
01:07:00,600 --> 01:07:03,040
Speaker 3: So this is the set. So the classes work like

1481
01:07:03,080 --> 01:07:05,520
Speaker 3: this where the presenter comes on and they present PowerPoint

1482
01:07:05,560 --> 01:07:11,040
Speaker 3: presentation and then afterwards the public e Yo University members

1483
01:07:11,080 --> 01:07:13,240
Speaker 3: gets to ask them questions. And this is my favorite

1484
01:07:13,240 --> 01:07:15,200
Speaker 3: part because this is like mentorship in a sense where

1485
01:07:15,200 --> 01:07:17,280
Speaker 3: it's like you watch a podcast and that's great, you

1486
01:07:17,280 --> 01:07:20,040
Speaker 3: get information, but people have questions. You try to d

1487
01:07:20,200 --> 01:07:21,800
Speaker 3: m these people, you know, it's hard for them to

1488
01:07:21,840 --> 01:07:25,120
Speaker 3: respond back. So this is the part that actually to

1489
01:07:25,200 --> 01:07:27,080
Speaker 3: me is even the best people get a sense of

1490
01:07:27,120 --> 01:07:29,040
Speaker 3: this in Market Mondays. But that's just a sense like

1491
01:07:29,320 --> 01:07:31,080
Speaker 3: this is what we do every week where people ask

1492
01:07:31,160 --> 01:07:34,120
Speaker 3: questions and they actually get to engage with these high

1493
01:07:34,240 --> 01:07:38,600
Speaker 3: level educated people. So let's let's get to some questions.

1494
01:07:38,920 --> 01:07:45,000
Speaker 3: Shout out to Julian Gordon e Yo professor, a legend

1495
01:07:45,000 --> 01:07:45,600
Speaker 3: in his own right.

1496
01:07:45,680 --> 01:07:46,960
Speaker 2: That's a fact. That's a fact.

1497
01:07:47,920 --> 01:07:50,520
Speaker 9: I'm going to my boys straight out of Houston. Darius,

1498
01:07:50,520 --> 01:07:51,800
Speaker 9: I'm mute yourself. You've been unmuted.

1499
01:07:51,840 --> 01:07:56,200
Speaker 5: Bro, Hey, what's going on? What's going on in the building?

1500
01:07:56,440 --> 01:07:56,800
Speaker 2: Anything?

1501
01:07:56,880 --> 01:07:57,040
Speaker 8: Good?

1502
01:07:57,120 --> 01:07:57,280
Speaker 5: Man?

1503
01:07:57,560 --> 01:07:59,200
Speaker 3: It's good with you, bro man.

1504
01:07:59,280 --> 01:08:00,560
Speaker 5: I cannot I'm playing.

1505
01:08:00,600 --> 01:08:03,480
Speaker 13: I cannot complain loving the fact that we that we

1506
01:08:03,840 --> 01:08:06,640
Speaker 13: went the gentrification and buying back the block route with

1507
01:08:06,680 --> 01:08:10,120
Speaker 13: this one. I was definitely happy to uh to hear

1508
01:08:10,160 --> 01:08:12,760
Speaker 13: and see see that post right there, man, Chris, how

1509
01:08:12,800 --> 01:08:14,680
Speaker 13: you doing?

1510
01:08:13,520 --> 01:08:17,360
Speaker 5: I can't complain playing at all.

1511
01:08:18,439 --> 01:08:20,479
Speaker 13: I guess my question is is my custom is not

1512
01:08:20,560 --> 01:08:27,040
Speaker 13: necessarily general. But as far as gentrification is concerned, you

1513
01:08:27,120 --> 01:08:34,640
Speaker 13: spoke a little bit about identifying neighborhoods or zip codes

1514
01:08:34,920 --> 01:08:38,800
Speaker 13: or just specific areas that may be ready to go

1515
01:08:38,840 --> 01:08:43,880
Speaker 13: through gentrification. I'm in Houston. I'm downtown right now, so

1516
01:08:44,720 --> 01:08:47,599
Speaker 13: like the Heights, I'm familiar with the Heights. I live

1517
01:08:47,680 --> 01:08:50,840
Speaker 13: near Humble, I'm familiar with Fifth Ward, Third Ward, all

1518
01:08:50,840 --> 01:08:53,400
Speaker 13: of that. And I'm driving through this stuff all day

1519
01:08:53,479 --> 01:08:55,719
Speaker 13: every day, and I'm seeing exactly what it.

1520
01:08:55,680 --> 01:08:56,679
Speaker 3: Is you've done.

1521
01:08:57,200 --> 01:08:58,960
Speaker 5: Yeah, I'm seeing.

1522
01:09:01,760 --> 01:09:03,800
Speaker 7: If you come from Humble, you see both of my

1523
01:09:03,880 --> 01:09:07,160
Speaker 7: projects from the freeway that part.

1524
01:09:07,360 --> 01:09:08,040
Speaker 2: So I'm.

1525
01:09:10,320 --> 01:09:15,519
Speaker 13: Right over here on Elgin fifty nine and Elgin, or

1526
01:09:15,520 --> 01:09:17,840
Speaker 13: we're coming from downtown over the third Ward, like those

1527
01:09:17,840 --> 01:09:21,400
Speaker 13: properties that are right there alongside the freeway when they

1528
01:09:21,479 --> 01:09:23,360
Speaker 13: was raggedy, I saw him when they knocked them down.

1529
01:09:23,400 --> 01:09:24,760
Speaker 6: I saw them when they pinned them up.

1530
01:09:25,479 --> 01:09:27,680
Speaker 13: So I'm looking at it and I'm like, Okay, So

1531
01:09:27,720 --> 01:09:31,760
Speaker 13: how do I go about identifying areas that are on

1532
01:09:31,800 --> 01:09:35,920
Speaker 13: the cusp or already in the process of the gentrification?

1533
01:09:36,439 --> 01:09:38,960
Speaker 13: And then as far as getting in on that. I

1534
01:09:39,080 --> 01:09:41,000
Speaker 13: like the way that you built that You built that out.

1535
01:09:41,040 --> 01:09:43,720
Speaker 13: So my question is is like, you're still doing your

1536
01:09:43,760 --> 01:09:46,080
Speaker 13: thing in Houston. So is there an area that I

1537
01:09:46,080 --> 01:09:48,000
Speaker 13: can kind of just be like, Okay, this is what

1538
01:09:48,080 --> 01:09:50,360
Speaker 13: Chris was talking about right here, man.

1539
01:09:50,640 --> 01:09:52,920
Speaker 5: There's tons of it. I mean, you name some of them.

1540
01:09:53,040 --> 01:09:57,200
Speaker 7: That Elgin area that's third ward.

1541
01:09:56,080 --> 01:09:56,880
Speaker 5: Closer to the TSU.

1542
01:09:56,960 --> 01:10:00,240
Speaker 7: You get this opportunities you go south towards Sunnyside out

1543
01:10:00,240 --> 01:10:02,760
Speaker 7: of the Medical Center they call it in Sunnyside used

1544
01:10:02,760 --> 01:10:04,400
Speaker 7: to be the hood they call it in Medical Center South.

1545
01:10:04,479 --> 01:10:08,080
Speaker 7: Now the fifth ward still has a ton of opportunity. Man,

1546
01:10:08,120 --> 01:10:09,880
Speaker 7: it's just getting started. Like I said, that big project

1547
01:10:09,880 --> 01:10:12,240
Speaker 7: won't even be complete till twenty twenty three. So you

1548
01:10:12,320 --> 01:10:15,280
Speaker 7: got three or four neighborhoods right there, all along fifty

1549
01:10:15,360 --> 01:10:18,120
Speaker 7: nine that will be primed for you to try to

1550
01:10:18,120 --> 01:10:18,360
Speaker 7: get it.

1551
01:10:18,720 --> 01:10:20,560
Speaker 3: Can you talk about You spoke about it briefly, but

1552
01:10:20,560 --> 01:10:23,320
Speaker 3: you spoke on the podcast. Also city development and urban

1553
01:10:23,360 --> 01:10:24,320
Speaker 3: planning websites.

1554
01:10:24,880 --> 01:10:27,600
Speaker 7: Yeah, So every city, every city has a planning and

1555
01:10:27,640 --> 01:10:30,080
Speaker 7: development department. Some of them call it urban planning. I

1556
01:10:30,080 --> 01:10:31,839
Speaker 7: think some of some of them call it planning and development.

1557
01:10:32,479 --> 01:10:36,360
Speaker 7: But in that sector of the website, there's always their plans.

1558
01:10:36,360 --> 01:10:39,400
Speaker 7: They have five year, ten year, twenty year plans. Some

1559
01:10:39,439 --> 01:10:42,880
Speaker 7: of them were posting the different variance requests that are

1560
01:10:42,880 --> 01:10:46,599
Speaker 7: coming up for different developer projects, and so on that site,

1561
01:10:46,640 --> 01:10:48,880
Speaker 7: you can see where the city is trying to go

1562
01:10:49,000 --> 01:10:51,439
Speaker 7: with redevelopment, and you can see where the city is

1563
01:10:51,439 --> 01:10:54,360
Speaker 7: planning to reinvest in infrastructure over the next five years

1564
01:10:54,600 --> 01:10:56,680
Speaker 7: or ten years. And so that can be a key

1565
01:10:56,720 --> 01:10:59,120
Speaker 7: indicator of where you should go as well, because especially

1566
01:10:59,160 --> 01:11:01,280
Speaker 7: if it's a city that has the ability to get

1567
01:11:01,280 --> 01:11:02,920
Speaker 7: grant money that type of thing, they're going to be

1568
01:11:03,240 --> 01:11:05,240
Speaker 7: enticing developers and other people to go in there to

1569
01:11:05,280 --> 01:11:06,720
Speaker 7: be that catalyst like.

1570
01:11:06,680 --> 01:11:07,960
Speaker 5: The big project I showed y'all.

1571
01:11:08,479 --> 01:11:09,960
Speaker 7: And so once you see those types of things, and

1572
01:11:10,080 --> 01:11:12,200
Speaker 7: then it's time for you to try to, you know,

1573
01:11:12,280 --> 01:11:13,840
Speaker 7: just get in the money flow of what's going on

1574
01:11:13,920 --> 01:11:14,519
Speaker 7: in that area.

1575
01:11:14,960 --> 01:11:20,920
Speaker 9: So, yeah, Darius, appreciate you, Bro, Houston's own. You didn't

1576
01:11:20,920 --> 01:11:22,720
Speaker 9: know it, but I put Beyonce up there for.

1577
01:11:22,680 --> 01:11:25,040
Speaker 3: You, so shout out. We got shot out a few

1578
01:11:25,080 --> 01:11:27,160
Speaker 3: a few a few of our loyal supporters in Houston,

1579
01:11:27,200 --> 01:11:33,000
Speaker 3: Texas from the hip hop side, Toby Way, we had

1580
01:11:33,080 --> 01:11:34,639
Speaker 3: him here. We had him on this on the show

1581
01:11:35,000 --> 01:11:36,960
Speaker 3: and he's tearing. He's the hottest dude out right now.

1582
01:11:37,000 --> 01:11:38,640
Speaker 2: I seen him last night at Hip Hop Awards. He

1583
01:11:38,680 --> 01:11:39,120
Speaker 2: did his thing.

1584
01:11:39,160 --> 01:11:42,559
Speaker 3: A little Kiki legend. Legend came to our event, came

1585
01:11:42,600 --> 01:11:43,040
Speaker 3: to our event.

1586
01:11:43,560 --> 01:11:44,200
Speaker 2: Let the airport.

1587
01:11:44,800 --> 01:11:47,920
Speaker 3: Jazz Prince reached out to me on Instagram, shout to

1588
01:11:48,080 --> 01:11:49,960
Speaker 3: shout out to the whole Prince family. We got crazy

1589
01:11:50,000 --> 01:11:53,680
Speaker 3: story about the Prince family. Paul Wall ran into him

1590
01:11:53,680 --> 01:11:54,320
Speaker 3: at the airport.

1591
01:11:54,680 --> 01:11:54,800
Speaker 5: Yo.

1592
01:11:54,880 --> 01:11:58,120
Speaker 3: We were coming to Houston, man we come. Don't forget

1593
01:11:58,360 --> 01:12:01,080
Speaker 3: slim Dog. Slim Dog ran in him. Also a shout

1594
01:12:01,080 --> 01:12:01,639
Speaker 3: to Slim through.

1595
01:12:01,720 --> 01:12:02,679
Speaker 2: We had a crazy weekend.

1596
01:12:03,760 --> 01:12:04,639
Speaker 3: Shout out to Manhattan.

1597
01:12:04,720 --> 01:12:04,800
Speaker 5: YO.

1598
01:12:04,920 --> 01:12:09,320
Speaker 3: That was a crazy week crazy shot. So yeah, I

1599
01:12:09,400 --> 01:12:10,639
Speaker 3: just wanted to shy everybody in Houston.

1600
01:12:10,760 --> 01:12:15,040
Speaker 9: Shout to Mike brownout Mike Brown, like, yeah, shout out

1601
01:12:15,080 --> 01:12:15,519
Speaker 9: to Jazz.

1602
01:12:16,240 --> 01:12:17,960
Speaker 3: Yeah yeah from Late Chateau.

1603
01:12:18,320 --> 01:12:19,559
Speaker 2: That's the fact. Jazmine, what up?

1604
01:12:19,600 --> 01:12:19,880
Speaker 5: What up?

1605
01:12:20,320 --> 01:12:23,800
Speaker 2: Uh, let's go to I'm gonna mixture bass me Hope,

1606
01:12:23,840 --> 01:12:25,519
Speaker 2: I got that right. I'm mute yourself. You've been unmuted.

1607
01:12:25,560 --> 01:12:26,120
Speaker 2: What's going on?

1608
01:12:31,560 --> 01:12:34,639
Speaker 9: We know there's no frigerator. Oh, every time I say

1609
01:12:34,720 --> 01:12:36,479
Speaker 9: fridge they on. What's going on?

1610
01:12:36,680 --> 01:12:37,280
Speaker 3: What's going on?

1611
01:12:38,600 --> 01:12:40,600
Speaker 14: Oh yeah, I just want to ask real when you

1612
01:12:40,640 --> 01:12:44,920
Speaker 14: did that crowd funded, right, was that with the promise

1613
01:12:44,960 --> 01:12:47,320
Speaker 14: of keeping the properties and renting them out or are

1614
01:12:47,320 --> 01:12:48,440
Speaker 14: you giving out dividends?

1615
01:12:48,439 --> 01:12:48,880
Speaker 3: How is that?

1616
01:12:49,120 --> 01:12:51,360
Speaker 5: How are they getting a return on their money? That's

1617
01:12:51,439 --> 01:12:54,960
Speaker 5: what platform crowd That's a great question. Yeah.

1618
01:12:54,960 --> 01:12:57,000
Speaker 7: So the platform I use is called bottle block dot

1619
01:12:57,040 --> 01:12:59,479
Speaker 7: com based on Denver, Colorado.

1620
01:12:59,640 --> 01:13:01,760
Speaker 5: But yeah, so they are getting dividend.

1621
01:13:01,360 --> 01:13:03,519
Speaker 7: So they what I'm doing is I'm taking forty percent

1622
01:13:03,760 --> 01:13:06,759
Speaker 7: of the net profit from the rents and I'm dividing

1623
01:13:06,800 --> 01:13:10,320
Speaker 7: that up and I'm sending that out to everybody. And

1624
01:13:10,360 --> 01:13:12,920
Speaker 7: so just like getting the dividend, it'll be between like

1625
01:13:13,160 --> 01:13:15,479
Speaker 7: two to three percent, like one and a half to

1626
01:13:15,479 --> 01:13:18,080
Speaker 7: three percent of the investment amount. But you know, you're

1627
01:13:18,080 --> 01:13:20,800
Speaker 7: on Nike stock, you get a one percent dividend, and

1628
01:13:20,880 --> 01:13:23,599
Speaker 7: so you know with this you also get the share

1629
01:13:23,680 --> 01:13:26,200
Speaker 7: value appreciation because you're not just donating money, you're not

1630
01:13:26,280 --> 01:13:28,920
Speaker 7: lending money. You actually bought a piece of ownership of

1631
01:13:28,960 --> 01:13:31,479
Speaker 7: this property. So as the property value goes up, your

1632
01:13:31,479 --> 01:13:33,840
Speaker 7: share value goes up. And so that's where the real

1633
01:13:33,920 --> 01:13:36,759
Speaker 7: return is. And so the way I have the project

1634
01:13:37,240 --> 01:13:39,280
Speaker 7: set up. It's supposed to be a seven year project.

1635
01:13:39,400 --> 01:13:41,960
Speaker 7: So you know we bought it for one point two

1636
01:13:42,479 --> 01:13:45,120
Speaker 7: particularly be worth about three million in about seven years

1637
01:13:45,439 --> 01:13:47,880
Speaker 7: and then so you have options to sell your shares

1638
01:13:47,880 --> 01:13:50,880
Speaker 7: and get out. We can refinance it and stay in

1639
01:13:50,880 --> 01:13:52,920
Speaker 7: and basically everybody can still pull their initial capital out

1640
01:13:52,920 --> 01:13:53,839
Speaker 7: they initially invested.

1641
01:13:54,320 --> 01:13:57,920
Speaker 5: So that's how it got a structured So appreciate that.

1642
01:13:58,439 --> 01:14:00,280
Speaker 2: Sharretta, we coming to you. I hope I said your

1643
01:14:00,360 --> 01:14:02,760
Speaker 2: name right, so I read I hope.

1644
01:14:02,720 --> 01:14:04,599
Speaker 5: Ready, Yeah, you said it right.

1645
01:14:04,800 --> 01:14:07,000
Speaker 2: Here we go, and it was ready right when I

1646
01:14:07,040 --> 01:14:08,439
Speaker 2: pressed on you, thank you.

1647
01:14:08,720 --> 01:14:09,559
Speaker 6: I was ready to pounce.

1648
01:14:09,640 --> 01:14:10,519
Speaker 5: I was ready to pounce.

1649
01:14:10,800 --> 01:14:14,479
Speaker 8: Do it Okay, So I just want to say I've

1650
01:14:14,479 --> 01:14:16,920
Speaker 8: been with you all you maybe about forty five days,

1651
01:14:16,960 --> 01:14:19,240
Speaker 8: and Yo, this is so worthy investment.

1652
01:14:20,880 --> 01:14:22,640
Speaker 3: I appreciate, appreciate that.

1653
01:14:22,880 --> 01:14:26,160
Speaker 8: Chris is finally nice to see your face because I

1654
01:14:26,200 --> 01:14:28,479
Speaker 8: tell you, I'm kicking myself that I did not join

1655
01:14:28,800 --> 01:14:31,120
Speaker 8: when you guys had this out on by the block back.

1656
01:14:31,400 --> 01:14:34,120
Speaker 5: Oh that'll be more coming.

1657
01:14:35,880 --> 01:14:39,720
Speaker 8: But I love the thought process. So one of the

1658
01:14:39,800 --> 01:14:45,760
Speaker 8: questions I really had was for someone like myself, I

1659
01:14:45,800 --> 01:14:49,680
Speaker 8: actually came across the property about three years ago in

1660
01:14:49,720 --> 01:14:53,120
Speaker 8: one of these up and coming neighborhoods. I'm getting ready

1661
01:14:53,120 --> 01:14:56,280
Speaker 8: to actually build my first home, and one of my

1662
01:14:56,400 --> 01:14:58,000
Speaker 8: things is, you know, I'm kind of torn in the

1663
01:14:58,040 --> 01:15:02,160
Speaker 8: fact that you know it is you know, developers are

1664
01:15:02,200 --> 01:15:05,599
Speaker 8: coming in that don't necessarily look like us. So what

1665
01:15:05,640 --> 01:15:08,160
Speaker 8: advice would you have for someone getting in the game

1666
01:15:08,520 --> 01:15:11,920
Speaker 8: that necessarily doesn't have the capitalization to go and buy

1667
01:15:11,960 --> 01:15:15,400
Speaker 8: the block and starting out with that one one piece.

1668
01:15:15,160 --> 01:15:15,759
Speaker 5: Here or there.

1669
01:15:16,520 --> 01:15:19,920
Speaker 7: Yeah, definitely start wherever you can. Yeah, the developers are

1670
01:15:19,920 --> 01:15:22,719
Speaker 7: going to come. Like I said, you can't really stop them.

1671
01:15:22,720 --> 01:15:26,200
Speaker 7: So you know, some of the other concept we'll talk about,

1672
01:15:26,200 --> 01:15:28,320
Speaker 7: maybe like getting a small group of people together to

1673
01:15:28,400 --> 01:15:32,120
Speaker 7: co invest with you. You can maybe two or three people

1674
01:15:32,160 --> 01:15:35,559
Speaker 7: that may have some money sitting in the old savings

1675
01:15:35,560 --> 01:15:37,599
Speaker 7: account of old four one K we.

1676
01:15:37,520 --> 01:15:39,840
Speaker 5: Talked about earlier. You can use that as your.

1677
01:15:39,680 --> 01:15:42,240
Speaker 7: Down payment and maybe have another partner has good credit.

1678
01:15:42,439 --> 01:15:44,160
Speaker 7: You know, if you're going to try to do something,

1679
01:15:44,800 --> 01:15:47,080
Speaker 7: I wouldn't say try to start with ground up development

1680
01:15:47,160 --> 01:15:49,360
Speaker 7: or new new construction. I would suggest you try to

1681
01:15:49,360 --> 01:15:52,240
Speaker 7: buy some you know, something that's in decent condition already.

1682
01:15:53,400 --> 01:15:57,320
Speaker 7: Even the new building the right area. If the construction

1683
01:15:58,120 --> 01:16:01,360
Speaker 7: and the redevelopment is happening quickly, you can still you

1684
01:16:01,360 --> 01:16:04,160
Speaker 7: can still get equity in your home pretty quickly. It

1685
01:16:04,280 --> 01:16:07,120
Speaker 7: rather it's an investment that's your primary residence. And would

1686
01:16:07,120 --> 01:16:08,720
Speaker 7: also tell people too. It's like if you want to

1687
01:16:08,720 --> 01:16:10,599
Speaker 7: be an investor and you want to be a landlorder,

1688
01:16:11,520 --> 01:16:14,200
Speaker 7: you got to think about if you're buying something that's existing,

1689
01:16:15,520 --> 01:16:19,200
Speaker 7: even if it passes inspection, right, the inspectors only looking

1690
01:16:19,240 --> 01:16:20,160
Speaker 7: for things that are wrong.

1691
01:16:20,320 --> 01:16:22,000
Speaker 5: But if you've got a house that's.

1692
01:16:22,040 --> 01:16:24,040
Speaker 7: Let's say it's twenty years old and they put a

1693
01:16:24,040 --> 01:16:26,080
Speaker 7: twenty year well they put a let's say they put

1694
01:16:26,080 --> 01:16:27,920
Speaker 7: a thirty year roof on it, you got a plan

1695
01:16:28,040 --> 01:16:29,880
Speaker 7: as as as the owner of their property that to

1696
01:16:29,880 --> 01:16:32,080
Speaker 7: replace a roof in five or six years or ten

1697
01:16:32,160 --> 01:16:32,599
Speaker 7: years max.

1698
01:16:32,760 --> 01:16:34,840
Speaker 5: Right, those type of things people don't think about. Whereas

1699
01:16:34,840 --> 01:16:35,320
Speaker 5: if you buy a.

1700
01:16:35,240 --> 01:16:37,439
Speaker 7: Brand new property in the community like this, but the

1701
01:16:37,479 --> 01:16:39,439
Speaker 7: property the values are going up. You know, everything's new,

1702
01:16:39,640 --> 01:16:41,720
Speaker 7: so you have a longer runway before you have to

1703
01:16:41,720 --> 01:16:43,200
Speaker 7: start investing in repairs.

1704
01:16:43,520 --> 01:16:47,360
Speaker 5: So just things to think about. And if you haven't well.

1705
01:16:47,280 --> 01:16:48,920
Speaker 7: If you haven't used like your first time home buyer

1706
01:16:49,000 --> 01:16:51,200
Speaker 7: credit or anything like that. You can get into something

1707
01:16:51,240 --> 01:16:53,160
Speaker 7: with three percent down, and even if you don't want

1708
01:16:53,160 --> 01:16:54,280
Speaker 7: to stay in it forever, just stay in it for a

1709
01:16:54,320 --> 01:16:56,200
Speaker 7: little while and turn it into an investment property.

1710
01:16:56,680 --> 01:16:58,000
Speaker 6: Got right.

1711
01:16:58,000 --> 01:17:01,960
Speaker 9: I appreciate thanks about a game, then appreciate you appreciate it.

1712
01:17:02,080 --> 01:17:06,680
Speaker 2: First time home boys, you say, yep, And people.

1713
01:17:06,439 --> 01:17:08,639
Speaker 3: They watching our journey, like you know, we did trucking

1714
01:17:08,800 --> 01:17:10,759
Speaker 3: because we did the trucks with shout out to Alexy.

1715
01:17:11,000 --> 01:17:14,000
Speaker 3: So we just brought our first truck and we're gonna

1716
01:17:14,040 --> 01:17:17,479
Speaker 3: be like showing people the journey into that. So watch

1717
01:17:17,479 --> 01:17:21,000
Speaker 3: what we're doing in Cleveland, Ohio. We got a shout

1718
01:17:21,040 --> 01:17:23,000
Speaker 3: to be on Win shout out to big business. Shot

1719
01:17:23,080 --> 01:17:24,320
Speaker 3: talk about in Cleveland.

1720
01:17:24,000 --> 01:17:25,920
Speaker 5: But but we might come in Houston.

1721
01:17:26,000 --> 01:17:28,479
Speaker 9: I'm thinking about Houston, bro. I'm like, yo, bro, we

1722
01:17:28,520 --> 01:17:30,720
Speaker 9: got a lot of love out there. I remember we

1723
01:17:30,720 --> 01:17:32,360
Speaker 9: was just in a random strip moll eating. They was

1724
01:17:32,400 --> 01:17:33,639
Speaker 9: just like, yeoh, we love you out here.

1725
01:17:33,960 --> 01:17:36,160
Speaker 3: You know, we got to talk about the prices out there.

1726
01:17:36,320 --> 01:17:37,760
Speaker 5: I was about to say, man, I can't. We can't

1727
01:17:37,760 --> 01:17:38,920
Speaker 5: compete with those prices up there.

1728
01:17:39,520 --> 01:17:42,080
Speaker 3: Cleveland, Cleveland, Ohio. It's different right now.

1729
01:17:42,880 --> 01:17:45,040
Speaker 9: We gotta open invitation in Nashville as well. We might

1730
01:17:45,160 --> 01:17:46,760
Speaker 9: there's there's there's a couple of cities we might have

1731
01:17:46,800 --> 01:17:47,120
Speaker 9: to look at.

1732
01:17:47,200 --> 01:17:48,920
Speaker 3: Nashville, Tennessee. Shout out to Nashville.

1733
01:17:49,120 --> 01:17:49,559
Speaker 2: Let's see.

1734
01:17:49,760 --> 01:17:52,720
Speaker 9: Uh, I haven't seen this thing before, Garth, were coming

1735
01:17:52,720 --> 01:17:53,760
Speaker 9: to you, Garth, i'mut yourself.

1736
01:17:53,760 --> 01:17:54,400
Speaker 2: You've been unmuted.

1737
01:17:58,360 --> 01:18:01,360
Speaker 15: Guys, g Chris.

1738
01:18:01,360 --> 01:18:02,800
Speaker 2: Can you tell your value up just a little bit?

1739
01:18:04,600 --> 01:18:18,800
Speaker 16: Hold on, They was about to hit you with the gadlines.

1740
01:18:18,320 --> 01:18:21,000
Speaker 5: Bro, No, it was coming.

1741
01:18:21,120 --> 01:18:21,799
Speaker 3: I was rushing.

1742
01:18:22,320 --> 01:18:26,760
Speaker 15: Fabulous presentation, Troy Rashard, you know, fabulous job. Keep up

1743
01:18:26,760 --> 01:18:32,120
Speaker 15: the good work, Chris, you know the stuff that you're

1744
01:18:32,160 --> 01:18:35,840
Speaker 15: doing there. I'm here thinking, I'm like, dude, we need

1745
01:18:35,880 --> 01:18:38,360
Speaker 15: to replicate this across the country, you know what I mean,

1746
01:18:39,439 --> 01:18:42,920
Speaker 15: just clone you or you create disciples and just spread

1747
01:18:42,960 --> 01:18:45,000
Speaker 15: them across the US and we just do our thing.

1748
01:18:45,720 --> 01:18:48,240
Speaker 15: And you know, that's that's.

1749
01:18:48,040 --> 01:18:49,320
Speaker 5: What I'm seeing right now.

1750
01:18:50,280 --> 01:18:52,760
Speaker 17: I know Julian down in New Orleans, he's doing this

1751
01:18:52,840 --> 01:18:55,360
Speaker 17: thing down here as well. I'm saying, we have all

1752
01:18:55,400 --> 01:18:58,679
Speaker 17: these resources, man, we need to pull this together. Troy

1753
01:18:58,720 --> 01:19:03,200
Speaker 17: and Rashad, you guys, the the the link between you know,

1754
01:19:03,280 --> 01:19:06,440
Speaker 17: to pull all this together. You know, create a masterclass

1755
01:19:06,520 --> 01:19:10,120
Speaker 17: or something where we get everybody together and put put

1756
01:19:10,160 --> 01:19:13,880
Speaker 17: something like this together where we you know, this this

1757
01:19:14,080 --> 01:19:17,439
Speaker 17: energy and just replicated across the country and just put

1758
01:19:17,520 --> 01:19:20,400
Speaker 17: in different pockets across the country and just do our thing.

1759
01:19:20,479 --> 01:19:20,679
Speaker 2: Man.

1760
01:19:21,479 --> 01:19:24,479
Speaker 3: Yeah, I mean, like I said, all I wanted to say,

1761
01:19:25,600 --> 01:19:28,160
Speaker 3: she appreciated. I appreciate that. Shots that Julian Gordon, He's

1762
01:19:28,160 --> 01:19:31,439
Speaker 3: doing something similar in New Orleans, I believe. And of

1763
01:19:31,439 --> 01:19:33,120
Speaker 3: course we got Brandon Rule, who's one of the top

1764
01:19:33,160 --> 01:19:35,760
Speaker 3: real estate developers in the United States of America right now.

1765
01:19:36,160 --> 01:19:37,400
Speaker 3: We got a lot of we got a lot of

1766
01:19:37,439 --> 01:19:38,760
Speaker 3: relationships with a lot of good people.

1767
01:19:38,880 --> 01:19:39,040
Speaker 6: MG.

1768
01:19:39,120 --> 01:19:41,800
Speaker 3: The mortgage guy who's the number one real estate financing

1769
01:19:41,800 --> 01:19:44,800
Speaker 3: expert online. So maybe we can, maybe we can form

1770
01:19:44,840 --> 01:19:50,720
Speaker 3: a conglomorate Superpower super Pack, ey l super Pack.

1771
01:19:50,840 --> 01:19:52,680
Speaker 2: We're coming to take over the neighbor.

1772
01:19:54,240 --> 01:19:55,920
Speaker 5: But yeah, Magarth Man, I appreciate the comment.

1773
01:19:55,960 --> 01:19:57,640
Speaker 7: Man, But that's exactly why I'm doing this while I'm

1774
01:19:57,680 --> 01:20:01,280
Speaker 7: being so transparent with everything, because it's way too much for.

1775
01:20:01,200 --> 01:20:03,040
Speaker 5: Me to try to tackle on my own. And I'm

1776
01:20:03,080 --> 01:20:05,840
Speaker 5: not I'm not the boastful, bragfull, arrogant guy. I just

1777
01:20:05,880 --> 01:20:06,880
Speaker 5: want everybody on the same way.

1778
01:20:07,000 --> 01:20:07,120
Speaker 18: Man.

1779
01:20:07,280 --> 01:20:09,800
Speaker 7: It was frustrating not seeing enough of us doing this.

1780
01:20:11,040 --> 01:20:13,559
Speaker 7: And it's funny. I would be in conversations with all

1781
01:20:13,560 --> 01:20:16,800
Speaker 7: of these intellectuals, these Ivy League graduates.

1782
01:20:16,320 --> 01:20:17,880
Speaker 5: From our community, and they would tell me why it

1783
01:20:17,880 --> 01:20:20,080
Speaker 5: wouldn't work, and eventually I'm just like, I'm just gonna

1784
01:20:20,080 --> 01:20:21,840
Speaker 5: do it. I'm just gonna show them that it can't work,

1785
01:20:22,160 --> 01:20:22,360
Speaker 5: you know.

1786
01:20:22,520 --> 01:20:23,840
Speaker 7: And I think that's what it takes for a lot

1787
01:20:23,840 --> 01:20:25,120
Speaker 7: of us just to get to get in there and

1788
01:20:25,160 --> 01:20:25,680
Speaker 7: start doing it.

1789
01:20:25,840 --> 01:20:27,680
Speaker 9: They keep driving on the highway, They're gonna see what

1790
01:20:27,760 --> 01:20:33,040
Speaker 9: you're doing. Is there, right, Wanda, we are coming to you.

1791
01:20:33,120 --> 01:20:34,439
Speaker 9: I mute yourself. You've been unmuted.

1792
01:20:34,439 --> 01:20:34,840
Speaker 2: What's up?

1793
01:20:35,880 --> 01:20:36,400
Speaker 5: Hi, y'all?

1794
01:20:36,400 --> 01:20:38,559
Speaker 19: First of all, I love you. I love to show

1795
01:20:38,600 --> 01:20:40,920
Speaker 19: on the platform. I've told everybody in my organization. I'm

1796
01:20:40,920 --> 01:20:42,920
Speaker 19: twelve hundred people about this, well, the black people.

1797
01:20:46,040 --> 01:20:47,799
Speaker 3: We love everybody.

1798
01:20:48,960 --> 01:20:52,439
Speaker 19: I have this like pipe dream of building a thriving

1799
01:20:52,439 --> 01:20:55,160
Speaker 19: Black community. And I call it a pipe dream because

1800
01:20:55,200 --> 01:20:57,800
Speaker 19: I like the strategy that you're talking about in terms

1801
01:20:57,800 --> 01:20:59,479
Speaker 19: of going into an area that's on the verge of

1802
01:20:59,479 --> 01:21:03,280
Speaker 19: me or gentrification. But I have a question about an

1803
01:21:03,320 --> 01:21:06,519
Speaker 19: area like Gary Indiana where and I'm from New York.

1804
01:21:06,560 --> 01:21:08,240
Speaker 19: I don't know anything about Gary. It came to me

1805
01:21:08,280 --> 01:21:12,320
Speaker 19: in a dream. So Gary, there was white flight and

1806
01:21:12,320 --> 01:21:15,400
Speaker 19: then black flight. In the fifties and sixties, industry left

1807
01:21:15,400 --> 01:21:18,920
Speaker 19: the place, and right now it's virtually abandoned over the

1808
01:21:18,960 --> 01:21:22,280
Speaker 19: past forty years, but slowly but surely, like I heard

1809
01:21:22,360 --> 01:21:24,680
Speaker 19: that there's a hotel coming to the beach area and

1810
01:21:24,720 --> 01:21:28,439
Speaker 19: there's an investment in building a new school. So my

1811
01:21:28,560 --> 01:21:31,000
Speaker 19: question is, what do you think about going into an

1812
01:21:31,040 --> 01:21:35,680
Speaker 19: area that is not even quite on the verge of revitalization.

1813
01:21:36,520 --> 01:21:38,360
Speaker 5: And buying the block there and.

1814
01:21:38,160 --> 01:21:42,000
Speaker 19: Maybe networking with other real estate investors who are black,

1815
01:21:42,560 --> 01:21:46,160
Speaker 19: and trying to lure people from Chicago who are thirty

1816
01:21:46,200 --> 01:21:47,880
Speaker 19: minutes away. A lot of them left Gary to go

1817
01:21:47,880 --> 01:21:50,640
Speaker 19: to Chicago. What do you think about that as a strategy?

1818
01:21:50,760 --> 01:21:52,760
Speaker 19: Is it really a pipe dream? Should I move forward

1819
01:21:52,840 --> 01:21:54,800
Speaker 19: or should I look for a place that is already

1820
01:21:55,520 --> 01:21:57,479
Speaker 19: gentrifying or revitalizing right now?

1821
01:21:58,000 --> 01:22:01,760
Speaker 7: That's definitely a risk tiler, it's questioned, okay, because you

1822
01:22:01,800 --> 01:22:03,240
Speaker 7: don't know how long it's going to take for that

1823
01:22:03,280 --> 01:22:04,720
Speaker 7: to take off. If you can invest in it and

1824
01:22:04,800 --> 01:22:06,760
Speaker 7: hold it long enough where it's not. If you got

1825
01:22:06,800 --> 01:22:09,160
Speaker 7: money that's not going to hurt you to invest in

1826
01:22:09,160 --> 01:22:10,800
Speaker 7: the property and just let it sit there and wait

1827
01:22:10,840 --> 01:22:13,599
Speaker 7: for that to happen, then that's that's okay. But if

1828
01:22:13,800 --> 01:22:16,559
Speaker 7: you're expecting a quick return on whatever you're about to do,

1829
01:22:16,880 --> 01:22:19,479
Speaker 7: I would say go somewhere where the bet is more sure,

1830
01:22:19,600 --> 01:22:21,840
Speaker 7: you know where you where you have a more solid

1831
01:22:22,040 --> 01:22:25,000
Speaker 7: opportunity to get into whatever you're going to do, make

1832
01:22:25,040 --> 01:22:26,679
Speaker 7: some money, and continue to expand.

1833
01:22:27,960 --> 01:22:29,040
Speaker 5: I think that happens a lot of times.

1834
01:22:29,120 --> 01:22:32,160
Speaker 7: People buy property in the wrong neighborhoods and the values

1835
01:22:32,160 --> 01:22:32,719
Speaker 7: don't appreciate.

1836
01:22:32,800 --> 01:22:35,760
Speaker 5: Sometimes the values are stagnant or even go down, and you.

1837
01:22:35,760 --> 01:22:37,479
Speaker 7: End up losing money if you look at inflation and

1838
01:22:37,520 --> 01:22:39,839
Speaker 7: everything else and your cost of like taxes and insurance

1839
01:22:39,880 --> 01:22:40,719
Speaker 7: and all that kind of stuff.

1840
01:22:41,080 --> 01:22:43,200
Speaker 5: So you got to be really really strategic with that.

1841
01:22:44,280 --> 01:22:47,320
Speaker 7: I personally wouldn't suggest it, but if you have the capital,

1842
01:22:47,520 --> 01:22:50,800
Speaker 7: do it, then you know it's just it won't hurt ry.

1843
01:22:51,680 --> 01:22:52,240
Speaker 10: Thank you so.

1844
01:22:52,280 --> 01:22:57,240
Speaker 3: Much, appreciate you. I think that's the question a lot

1845
01:22:57,240 --> 01:22:59,080
Speaker 3: of people have, like coming from New York or whatever,

1846
01:22:59,080 --> 01:23:02,639
Speaker 3: it's like where it's just the real estate is crazy

1847
01:23:02,680 --> 01:23:04,800
Speaker 3: and they want to go to these different towns, but

1848
01:23:04,880 --> 01:23:06,680
Speaker 3: it's like you don't know anybody. And the reason why

1849
01:23:06,720 --> 01:23:08,559
Speaker 3: I said Cleveland, Ohio is that we really built a

1850
01:23:08,560 --> 01:23:11,240
Speaker 3: strong relationship with Beyond when shout out to him, just

1851
01:23:11,280 --> 01:23:14,880
Speaker 3: a real solid dude, and you know, that's somebody that

1852
01:23:14,920 --> 01:23:17,759
Speaker 3: we trust. And it's like, you know, even Maurice Clorette,

1853
01:23:18,160 --> 01:23:21,080
Speaker 3: a good friend of mine, who's out in Columbus, Ohio.

1854
01:23:21,320 --> 01:23:23,240
Speaker 3: So you know, I really know like these people are.

1855
01:23:23,240 --> 01:23:25,880
Speaker 3: Actually they live out there. They you know, So I'm

1856
01:23:25,880 --> 01:23:28,720
Speaker 3: not going to go to anybody's turf and try to

1857
01:23:28,720 --> 01:23:31,280
Speaker 3: do the Chrystopher Columbus day and just take over.

1858
01:23:31,680 --> 01:23:33,360
Speaker 7: And you know what, that is a great point because

1859
01:23:33,400 --> 01:23:36,000
Speaker 7: like those like we're beyond them are there is a

1860
01:23:36,000 --> 01:23:38,320
Speaker 7: strong rental market there and there's not enough housing. So

1861
01:23:38,760 --> 01:23:41,200
Speaker 7: if that's the business case that you're looking at, then

1862
01:23:41,200 --> 01:23:43,080
Speaker 7: you still it still makes sense because you can buy

1863
01:23:43,120 --> 01:23:46,200
Speaker 7: the chop the property really really inexpensively and still have

1864
01:23:46,280 --> 01:23:48,559
Speaker 7: positive cash flow and make great returns.

1865
01:23:48,600 --> 01:23:51,559
Speaker 9: Really, I'll tell you another great place to find people

1866
01:23:51,600 --> 01:23:54,599
Speaker 9: that are from other places inside the investment group. I'm

1867
01:23:54,600 --> 01:23:56,680
Speaker 9: telling you, like every time that somebody posts like yo,

1868
01:23:57,080 --> 01:23:59,760
Speaker 9: hey I live in Houston, is there anybody that is

1869
01:24:00,160 --> 01:24:00,920
Speaker 9: developing Houston.

1870
01:24:00,960 --> 01:24:03,240
Speaker 2: It's a great resource. Yo, Is there anybody in Cleveland?

1871
01:24:03,560 --> 01:24:04,000
Speaker 2: Every day?

1872
01:24:04,040 --> 01:24:05,720
Speaker 9: I see it like somebody from another part of the

1873
01:24:05,760 --> 01:24:08,800
Speaker 9: country is like, Yo, anybody here in this area. It's

1874
01:24:08,840 --> 01:24:10,600
Speaker 9: a great way to network and a great way to

1875
01:24:10,680 --> 01:24:13,880
Speaker 9: resource and come together. Right if I'm not from Gary,

1876
01:24:13,960 --> 01:24:16,920
Speaker 9: I'm guaranteeing out of the five thousand almost six thousand people,

1877
01:24:17,280 --> 01:24:18,360
Speaker 9: somebody knows the area.

1878
01:24:18,560 --> 01:24:21,160
Speaker 3: And Matt Matt was doing He's going to bring it back,

1879
01:24:21,160 --> 01:24:23,439
Speaker 3: but he was doing the city right each city, so

1880
01:24:23,479 --> 01:24:25,880
Speaker 3: he did. Like the real estate updates for the Bay Area,

1881
01:24:25,920 --> 01:24:28,000
Speaker 3: the real estate updates for Houston, and real estate updates

1882
01:24:28,000 --> 01:24:30,840
Speaker 3: for Philly. Those are good resources too because it's like

1883
01:24:30,920 --> 01:24:33,600
Speaker 3: now that's specific for that area. So even if you

1884
01:24:33,600 --> 01:24:36,920
Speaker 3: don't live in Philly, but you're interested in Philadelphia real estate,

1885
01:24:37,240 --> 01:24:39,240
Speaker 3: you can network. It's all about network. And that was

1886
01:24:39,280 --> 01:24:41,559
Speaker 3: my whole point, is that it's just about networking. And

1887
01:24:41,600 --> 01:24:43,760
Speaker 3: I feel like, you know, a lot of times what's

1888
01:24:43,760 --> 01:24:46,439
Speaker 3: stopping us is the relationships. And that's another thing that

1889
01:24:46,479 --> 01:24:49,160
Speaker 3: we built with the university. It's just relationships, but just

1890
01:24:49,200 --> 01:24:51,280
Speaker 3: in general, just in life, like you might have a

1891
01:24:51,280 --> 01:24:52,800
Speaker 3: family member, you ain't have a cousin you might have

1892
01:24:52,840 --> 01:24:54,280
Speaker 3: to You know, you never know who you're going to

1893
01:24:54,439 --> 01:24:57,760
Speaker 3: meet or get introduced to. But relationships can take you

1894
01:24:57,800 --> 01:24:59,639
Speaker 3: a long long way. You can have all the knowledge

1895
01:24:59,640 --> 01:25:02,160
Speaker 3: in the world, but if you don't have the relationships,

1896
01:25:02,200 --> 01:25:05,680
Speaker 3: you might not be able to execute. So it's relationships

1897
01:25:05,680 --> 01:25:08,080
Speaker 3: that are extremely extremely important in my opinion.

1898
01:25:08,840 --> 01:25:11,120
Speaker 2: Bianca, were coming to you, I'm mute yourself. You've been unmuted.

1899
01:25:11,200 --> 01:25:11,559
Speaker 2: What's up?

1900
01:25:12,520 --> 01:25:12,760
Speaker 3: Hi?

1901
01:25:12,840 --> 01:25:13,439
Speaker 20: How you doing?

1902
01:25:13,840 --> 01:25:15,960
Speaker 2: Of how fasty I was forming? Everything's great.

1903
01:25:17,200 --> 01:25:22,240
Speaker 20: I just didn't expect that to happen. So my question

1904
01:25:22,320 --> 01:25:25,040
Speaker 20: is probably very similar to one of the first questions,

1905
01:25:25,040 --> 01:25:26,439
Speaker 20: but I never get to get on, so I'm just

1906
01:25:26,439 --> 01:25:31,559
Speaker 20: going to say it. So, just about the opportunity zoned. So,

1907
01:25:31,720 --> 01:25:34,360
Speaker 20: I'm from Augusta, Georgia, and I moved to Minneapolis five

1908
01:25:34,439 --> 01:25:36,880
Speaker 20: years ago, and I noticed North Minneapolis is like one

1909
01:25:36,920 --> 01:25:43,000
Speaker 20: of the most undeveloped, neglected places in Minneapolis. But I

1910
01:25:43,120 --> 01:25:45,880
Speaker 20: just read something today about the city planning to put

1911
01:25:45,880 --> 01:25:50,320
Speaker 20: a concert venue up there. They they're getting like millions

1912
01:25:50,320 --> 01:25:53,880
Speaker 20: of dollars. Would you consider this like a opportunity zone?

1913
01:25:54,920 --> 01:25:58,520
Speaker 7: Well, so, an opportunity zone is actually a government designation

1914
01:25:58,840 --> 01:26:03,720
Speaker 7: for specific namesihborhoods that have like specific low income demographic

1915
01:26:04,520 --> 01:26:06,880
Speaker 7: or like then they have like usually issues like food

1916
01:26:06,880 --> 01:26:08,880
Speaker 7: desert words, no grocery stores and those types of things.

1917
01:26:09,320 --> 01:26:11,480
Speaker 5: And so those zones were created.

1918
01:26:12,640 --> 01:26:16,160
Speaker 7: To uh to kind of pinpoint areas where the government

1919
01:26:16,200 --> 01:26:19,400
Speaker 7: wanted these high networks people or people that have capital

1920
01:26:19,400 --> 01:26:23,000
Speaker 7: gains to invest and park their money for up to

1921
01:26:23,040 --> 01:26:27,479
Speaker 7: ten years in exchange for getting a tax abatement basically

1922
01:26:27,520 --> 01:26:31,519
Speaker 7: a tax deferment, and like whatever whatever they buy over

1923
01:26:31,560 --> 01:26:36,800
Speaker 7: the ten years, they they actually can like sell it

1924
01:26:36,800 --> 01:26:38,240
Speaker 7: at the end and not pay any taxes on that

1925
01:26:38,280 --> 01:26:38,599
Speaker 7: at all.

1926
01:26:39,960 --> 01:26:41,640
Speaker 5: So I'm not sure if that you'd have to.

1927
01:26:41,840 --> 01:26:44,439
Speaker 7: You can really just google opportunities on map and it'll

1928
01:26:44,479 --> 01:26:46,720
Speaker 7: tell you if that area is an opportunity zone or not,

1929
01:26:47,439 --> 01:26:49,439
Speaker 7: and then it sounds like something that that may be

1930
01:26:49,479 --> 01:26:51,439
Speaker 7: a catalyst for other development to come around it. So

1931
01:26:51,479 --> 01:26:53,960
Speaker 7: I would definitely I would stay tuned to see what's

1932
01:26:53,960 --> 01:26:56,880
Speaker 7: going on. If you know any realtors anybody that may

1933
01:26:56,880 --> 01:26:58,840
Speaker 7: be in that that may know that market, I would

1934
01:26:58,840 --> 01:27:01,120
Speaker 7: say you suggest you just talk to them to see

1935
01:27:01,120 --> 01:27:04,160
Speaker 7: if they know of any realtors that represent builders in

1936
01:27:04,240 --> 01:27:07,400
Speaker 7: new construction that because if those builders are looking at

1937
01:27:07,400 --> 01:27:09,280
Speaker 7: that area, and that tells you that things are about

1938
01:27:09,320 --> 01:27:09,760
Speaker 7: to pick up.

1939
01:27:10,280 --> 01:27:13,760
Speaker 3: Okay, thank you, Yeah, you know, I just thought about

1940
01:27:13,760 --> 01:27:18,800
Speaker 3: something we're gonna do, Janet, Hopefully you can help us

1941
01:27:18,840 --> 01:27:23,479
Speaker 3: out with this. We have almost four thousand members in

1942
01:27:23,560 --> 01:27:28,760
Speaker 3: our private our private investment group on Facebook, so we

1943
01:27:28,800 --> 01:27:33,720
Speaker 3: should we could. We can set up geographical groups like

1944
01:27:33,760 --> 01:27:35,160
Speaker 3: we can have a New York group, we can have

1945
01:27:35,160 --> 01:27:37,040
Speaker 3: an LA group, we can have affiliate like that means,

1946
01:27:37,080 --> 01:27:41,120
Speaker 3: so that way people can they can identify themselves by

1947
01:27:41,439 --> 01:27:44,040
Speaker 3: like where they actually live. And like I said, even

1948
01:27:44,080 --> 01:27:45,800
Speaker 3: if you don't live, So even if you live in

1949
01:27:45,800 --> 01:27:48,519
Speaker 3: New York, what you might be interested in Houston real estate.

1950
01:27:49,000 --> 01:27:51,960
Speaker 3: If there's three hundred people from Houston in a Houston group,

1951
01:27:52,400 --> 01:27:54,120
Speaker 3: now you can network with them, and that gives you

1952
01:27:54,160 --> 01:27:56,920
Speaker 3: three hundred people that you can actually, you know, reach

1953
01:27:56,960 --> 01:28:02,000
Speaker 3: out to and build with. So we're gonna get that done, Jenny.

1954
01:28:03,120 --> 01:28:05,880
Speaker 9: I guarantee by seven o'clock, I'm gonna have fourteen text

1955
01:28:05,960 --> 01:28:07,320
Speaker 9: visits shot, he said.

1956
01:28:08,280 --> 01:28:10,120
Speaker 3: He said, I appreciate that.

1957
01:28:11,760 --> 01:28:14,120
Speaker 9: Ah Man, Let's go to a new name. Oh, Whitney,

1958
01:28:14,200 --> 01:28:15,920
Speaker 9: I haven't seen this thing before. Whitney, what's going on?

1959
01:28:16,080 --> 01:28:17,200
Speaker 2: Mute yourself. You've been unmuted.

1960
01:28:17,800 --> 01:28:21,360
Speaker 21: Hey, guys, thanks for this, uh this awesome information. I appreciate.

1961
01:28:21,400 --> 01:28:24,000
Speaker 21: I appreciate everything that e Yl is bringing to the table.

1962
01:28:24,040 --> 01:28:26,120
Speaker 21: And I'm a newbie. I've only been a member of

1963
01:28:26,120 --> 01:28:28,920
Speaker 21: about about a month or so, but I'm really happy

1964
01:28:28,960 --> 01:28:31,160
Speaker 21: to be welcome to appreciate that.

1965
01:28:31,200 --> 01:28:33,360
Speaker 5: Bro. I got a message for Chris.

1966
01:28:34,400 --> 01:28:38,599
Speaker 21: I serve on the political side and the community side

1967
01:28:39,160 --> 01:28:44,719
Speaker 21: for a lot of housing agencies or community redevelopment boards

1968
01:28:44,720 --> 01:28:47,639
Speaker 21: and economic development boards. And I do that, as I said,

1969
01:28:47,680 --> 01:28:51,200
Speaker 21: and actually put my question in the thing, just so

1970
01:28:51,240 --> 01:28:53,000
Speaker 21: I can be at the table and hear about deals

1971
01:28:53,000 --> 01:28:55,479
Speaker 21: that are coming down and actually bring it back to

1972
01:28:55,520 --> 01:28:58,320
Speaker 21: our community. But I get a lot of pushback from

1973
01:28:58,360 --> 01:29:02,720
Speaker 21: our community because mostly I think because they just they

1974
01:29:02,840 --> 01:29:06,040
Speaker 21: see that their communities are being changed and they feel

1975
01:29:06,080 --> 01:29:09,840
Speaker 21: helpless to get involved or helpless to do anything about

1976
01:29:09,840 --> 01:29:12,559
Speaker 21: it because they don't have the financial wherewithal to do anything.

1977
01:29:13,280 --> 01:29:14,639
Speaker 5: What What are.

1978
01:29:14,560 --> 01:29:17,200
Speaker 21: Some strategies that you've used or that you've seen used

1979
01:29:17,200 --> 01:29:21,240
Speaker 21: that actually help to engage local communities, particularly our community

1980
01:29:21,240 --> 01:29:24,600
Speaker 21: black people and bring them along through this process.

1981
01:29:25,200 --> 01:29:25,360
Speaker 5: Man.

1982
01:29:25,400 --> 01:29:29,080
Speaker 7: You know it's tough. I mean, I thankfully the projects

1983
01:29:29,080 --> 01:29:31,040
Speaker 7: that I have. They kind of see something different. They

1984
01:29:31,040 --> 01:29:34,000
Speaker 7: see that I'm not displacing people, but for the for

1985
01:29:34,040 --> 01:29:38,920
Speaker 7: the a lot of times people are just adverse to change, right,

1986
01:29:39,960 --> 01:29:42,200
Speaker 7: So I think the best thing that you could do

1987
01:29:42,320 --> 01:29:47,360
Speaker 7: probably would be to bring in a group of investors,

1988
01:29:47,400 --> 01:29:49,840
Speaker 7: if you know, a group of investors or developers that

1989
01:29:50,320 --> 01:29:52,439
Speaker 7: may be of the right mindset, and have them come

1990
01:29:52,479 --> 01:29:53,480
Speaker 7: and talk to the community.

1991
01:29:53,840 --> 01:29:56,120
Speaker 5: And you know, if you if.

1992
01:29:56,000 --> 01:29:57,720
Speaker 7: You know where the projects are going and you know

1993
01:29:57,760 --> 01:30:00,479
Speaker 7: what's coming, put put that group in in front of

1994
01:30:00,479 --> 01:30:03,880
Speaker 7: the projects and let them, you know, interface with the

1995
01:30:03,920 --> 01:30:06,680
Speaker 7: community and kind of bring some of the amenities and

1996
01:30:06,720 --> 01:30:09,160
Speaker 7: services of the community may be looking for, or explain

1997
01:30:09,240 --> 01:30:11,200
Speaker 7: to them why it's not the right time for certain things.

1998
01:30:11,240 --> 01:30:13,479
Speaker 7: Like you know, a lot of the communities, like like

1999
01:30:13,520 --> 01:30:16,160
Speaker 7: I said, they will want the grocery store now, and

2000
01:30:16,200 --> 01:30:17,960
Speaker 7: they'll want this and that now, but they don't want

2001
01:30:18,000 --> 01:30:20,160
Speaker 7: the new housing, you know, and you have to explain

2002
01:30:20,200 --> 01:30:21,519
Speaker 7: to them, well, this is why you need that, This

2003
01:30:21,560 --> 01:30:23,240
Speaker 7: is why you need some.

2004
01:30:23,200 --> 01:30:24,760
Speaker 5: People that look like you in the community, that earn

2005
01:30:24,800 --> 01:30:25,840
Speaker 5: more money, so.

2006
01:30:25,760 --> 01:30:28,000
Speaker 7: That it can be attractive for Starbucks or it can

2007
01:30:28,080 --> 01:30:30,760
Speaker 7: be attractive for the grocery store to come back. So

2008
01:30:30,800 --> 01:30:34,000
Speaker 7: a lot of it's just open communication, but there is

2009
01:30:34,040 --> 01:30:35,000
Speaker 7: no cookie cutter answer.

2010
01:30:35,000 --> 01:30:35,160
Speaker 10: Man.

2011
01:30:35,640 --> 01:30:38,040
Speaker 7: You're never going to get everybody on board, unfortunately, but

2012
01:30:38,160 --> 01:30:40,040
Speaker 7: I mean, you know, you can kind of turn the

2013
01:30:40,080 --> 01:30:41,799
Speaker 7: tide a little bit by doing some of those things.

2014
01:30:42,120 --> 01:30:44,439
Speaker 5: True, true, I appreciate that. Guys, thank you very much.

2015
01:30:44,600 --> 01:30:50,160
Speaker 2: We appreciate you. Oh, here we go, my guys. Here

2016
01:30:51,280 --> 01:30:55,639
Speaker 2: Arthur all rise King, Arthur, you've been unmuted peace Peace

2017
01:30:55,800 --> 01:30:57,360
Speaker 2: was good fellas. What's going on?

2018
01:30:57,439 --> 01:30:59,800
Speaker 5: Bro? Slow motion? How you're doing?

2019
01:31:00,120 --> 01:31:02,960
Speaker 2: Yeah, we're good man doubt a.

2020
01:31:03,400 --> 01:31:05,120
Speaker 5: Chris Man definitely a big fan.

2021
01:31:05,240 --> 01:31:09,080
Speaker 14: I'm actually an investor in the in the Lions Avenue project.

2022
01:31:09,240 --> 01:31:11,440
Speaker 5: I love it. Yeah.

2023
01:31:11,600 --> 01:31:14,519
Speaker 14: When I actually right right before right as COVID hit

2024
01:31:14,600 --> 01:31:17,040
Speaker 14: I got, I got into the project and I joined

2025
01:31:17,040 --> 01:31:18,840
Speaker 14: E y L. That was kind of how I split

2026
01:31:18,880 --> 01:31:26,040
Speaker 14: the bread up for so definitely looking forth, definitely a

2027
01:31:26,040 --> 01:31:28,919
Speaker 14: big fan. Been following the Mad project as well. Congrats

2028
01:31:28,960 --> 01:31:35,559
Speaker 14: on that. As we talk about building the community. One

2029
01:31:35,560 --> 01:31:39,000
Speaker 14: of one of the things that you mentioned, uh with

2030
01:31:39,040 --> 01:31:40,920
Speaker 14: the with the project, that you said, you know, most

2031
01:31:41,000 --> 01:31:43,400
Speaker 14: none of those houses were like Section eight houses and

2032
01:31:43,400 --> 01:31:46,520
Speaker 14: stuff like that, those are all pretty much working class individuals.

2033
01:31:47,160 --> 01:31:51,920
Speaker 14: That being said, Section eight is like one of the

2034
01:31:52,040 --> 01:31:55,960
Speaker 14: largest subsidies our community gets, like literally it's about eight

2035
01:31:56,040 --> 01:31:59,360
Speaker 14: billion dollars a year, and the majority of that money

2036
01:31:59,439 --> 01:32:02,320
Speaker 14: goes to black women, as we know, who are generally

2037
01:32:02,360 --> 01:32:07,000
Speaker 14: that had a household for those communities. So as you're

2038
01:32:07,040 --> 01:32:09,680
Speaker 14: building your plans and as you know, you speak on

2039
01:32:09,760 --> 01:32:13,519
Speaker 14: others and how they should expand how do you view

2040
01:32:13,680 --> 01:32:15,360
Speaker 14: or what ways do you think that we have to

2041
01:32:15,479 --> 01:32:19,200
Speaker 14: actually include that so we don't walk away literally from

2042
01:32:19,760 --> 01:32:22,519
Speaker 14: eight billion dollars a year that now is going to

2043
01:32:23,320 --> 01:32:26,439
Speaker 14: other people who own that affordable housing to a certain degree,

2044
01:32:26,479 --> 01:32:30,519
Speaker 14: because our own people are scared or don't want to

2045
01:32:30,600 --> 01:32:33,120
Speaker 14: deal with those Section eight housing.

2046
01:32:34,439 --> 01:32:34,679
Speaker 5: Yeah.

2047
01:32:34,720 --> 01:32:36,519
Speaker 7: So yeah, one let me point out the reason why

2048
01:32:36,800 --> 01:32:39,960
Speaker 7: I pointed that out earlier is for the opposite reason, right,

2049
01:32:40,000 --> 01:32:42,920
Speaker 7: because well, we automatically assume everybody in these neighborhoods is

2050
01:32:42,960 --> 01:32:46,799
Speaker 7: all strictly on government assistance, but there are some people

2051
01:32:46,840 --> 01:32:50,759
Speaker 7: that are just hardworking that you know, all fixed incomes. Now,

2052
01:32:50,880 --> 01:32:53,599
Speaker 7: as far as the you know, the single women especially

2053
01:32:53,720 --> 01:32:57,400
Speaker 7: or anybody that's on Section eight, I think that with

2054
01:32:57,520 --> 01:33:00,240
Speaker 7: the right landlords in place, and I think it can

2055
01:33:00,240 --> 01:33:02,800
Speaker 7: actually be a better system because you know, if we

2056
01:33:02,840 --> 01:33:04,840
Speaker 7: are the ones controlling the real estate and own the

2057
01:33:04,840 --> 01:33:07,080
Speaker 7: real estate, and those are our tenants, then we'll probably

2058
01:33:07,120 --> 01:33:09,400
Speaker 7: look out for them a little bit more than somebody

2059
01:33:09,439 --> 01:33:12,000
Speaker 7: else that's you know, living across the country or living

2060
01:33:12,000 --> 01:33:14,480
Speaker 7: in another neighborhood that doesn't really care about the community.

2061
01:33:15,360 --> 01:33:17,920
Speaker 7: But most importantly, when you talk about a way to

2062
01:33:18,520 --> 01:33:22,000
Speaker 7: leverage home ownership that we don't really talk about those

2063
01:33:22,080 --> 01:33:25,160
Speaker 7: those vouchers can be used for mortgage payments, just like

2064
01:33:25,200 --> 01:33:28,640
Speaker 7: they can be used for really so educating more of

2065
01:33:28,640 --> 01:33:30,760
Speaker 7: the people in our community about how to get their

2066
01:33:30,760 --> 01:33:33,719
Speaker 7: credit together to get into a first time home buyers

2067
01:33:33,760 --> 01:33:37,439
Speaker 7: program and get a down payment assistance grant and then

2068
01:33:37,479 --> 01:33:40,240
Speaker 7: convert that same voucher over to something that can help

2069
01:33:40,240 --> 01:33:42,160
Speaker 7: pay the mortgage. We can create more home ownership in

2070
01:33:42,200 --> 01:33:44,000
Speaker 7: the community using that same.

2071
01:33:43,800 --> 01:33:47,639
Speaker 14: Tool, so so so in a way, for those who

2072
01:33:47,680 --> 01:33:50,360
Speaker 14: are looking how to replicate what you're doing on a

2073
01:33:50,439 --> 01:33:53,519
Speaker 14: smaller scale, one of the things they can do is

2074
01:33:53,880 --> 01:33:58,000
Speaker 14: look to take advantage of those government programs and using their.

2075
01:33:57,880 --> 01:33:59,880
Speaker 5: Own home buying i e.

2076
01:34:00,160 --> 01:34:05,040
Speaker 14: Matt's home bias home buyers, or you know, using those

2077
01:34:05,040 --> 01:34:07,400
Speaker 14: types of things in their own personal lives to to

2078
01:34:07,680 --> 01:34:09,720
Speaker 14: kind of replicate on a micro scale what you're doing

2079
01:34:09,760 --> 01:34:10,679
Speaker 14: at the macro level.

2080
01:34:11,000 --> 01:34:13,519
Speaker 7: Definitely, definitely, And that's actually a way for people that

2081
01:34:13,600 --> 01:34:15,559
Speaker 7: have existing rental portfolios if they want to get out

2082
01:34:15,600 --> 01:34:17,200
Speaker 7: of them. A lot of people are converting over to

2083
01:34:17,240 --> 01:34:20,920
Speaker 7: owner finance, so so basically the same tenant stays in

2084
01:34:20,960 --> 01:34:24,040
Speaker 7: the property, but now they're they are buying the property,

2085
01:34:24,080 --> 01:34:26,200
Speaker 7: so now they're responsible for the insurance and the taxes

2086
01:34:26,600 --> 01:34:27,360
Speaker 7: and all those things.

2087
01:34:27,360 --> 01:34:29,040
Speaker 5: So if you have a Section eight tenant in it's

2088
01:34:29,040 --> 01:34:29,479
Speaker 5: a house that.

2089
01:34:29,439 --> 01:34:31,000
Speaker 7: You don't want to get, you know, you may not

2090
01:34:31,000 --> 01:34:32,680
Speaker 7: want to keep in your portfolio, you could actually sell

2091
01:34:32,680 --> 01:34:35,680
Speaker 7: it to them. Yeah, and create a homeowner out of

2092
01:34:35,720 --> 01:34:37,320
Speaker 7: one of your tenants, especially if they've been loyal, long

2093
01:34:37,400 --> 01:34:37,920
Speaker 7: term tenants.

2094
01:34:37,920 --> 01:34:38,120
Speaker 11: You know.

2095
01:34:39,120 --> 01:34:42,000
Speaker 7: It's it's it's a million ways to uh to make

2096
01:34:42,000 --> 01:34:43,360
Speaker 7: that program benefit us more.

2097
01:34:44,400 --> 01:34:45,120
Speaker 5: I appreciate it.

2098
01:34:45,160 --> 01:34:47,760
Speaker 3: Brother, Thank you often. One last I just want to

2099
01:34:47,760 --> 01:34:49,439
Speaker 3: ask you a question because you're one of our most

2100
01:34:49,439 --> 01:34:53,800
Speaker 3: prestigious students at euy L University and you always tap

2101
01:34:53,840 --> 01:34:56,639
Speaker 3: into every single thing we got going. Uh, how how

2102
01:34:56,680 --> 01:34:58,959
Speaker 3: has your experience been with EYO University.

2103
01:34:59,479 --> 01:35:02,400
Speaker 5: It's been It's been fabulous, man, it's been fabulous. I listen.

2104
01:35:02,439 --> 01:35:05,640
Speaker 14: I went to a prestigious all boys prep school in

2105
01:35:05,720 --> 01:35:09,640
Speaker 14: high school, Avon Old Farms. I could have went to

2106
01:35:09,680 --> 01:35:11,559
Speaker 14: all most of them in the ivy leagues, I end

2107
01:35:11,640 --> 01:35:13,720
Speaker 14: up going to George Washington University.

2108
01:35:14,280 --> 01:35:17,680
Speaker 3: You know, that's very prestigious school, absolutely, you know what

2109
01:35:17,720 --> 01:35:18,000
Speaker 3: I mean.

2110
01:35:18,520 --> 01:35:22,240
Speaker 14: However, in terms of the actual practical knowledge that I

2111
01:35:22,320 --> 01:35:25,280
Speaker 14: learned outside of me just working and doing the things

2112
01:35:25,320 --> 01:35:27,479
Speaker 14: that I did in my career, I would say this

2113
01:35:27,560 --> 01:35:32,760
Speaker 14: has definitely been one of the most comprehensive education platforms

2114
01:35:32,760 --> 01:35:34,000
Speaker 14: that I've ever been a part of.

2115
01:35:34,240 --> 01:35:36,160
Speaker 5: You know what I mean. You guys brought me to Chris.

2116
01:35:36,200 --> 01:35:39,640
Speaker 14: You guys brought me to Matt, you brought me to Beyond,

2117
01:35:39,800 --> 01:35:42,720
Speaker 14: you know what I mean. And so in terms of

2118
01:35:42,800 --> 01:35:47,719
Speaker 14: actually executing and getting things done, there's there's there's nothing better,

2119
01:35:47,800 --> 01:35:49,519
Speaker 14: you know what I mean. I was an econ major,

2120
01:35:49,560 --> 01:35:52,280
Speaker 14: I was a finance major, all of that stuff, and

2121
01:35:52,479 --> 01:35:55,920
Speaker 14: it doesn't come close to the practical knowledge, all of

2122
01:35:55,920 --> 01:35:56,479
Speaker 14: that stuff.

2123
01:35:56,240 --> 01:35:57,360
Speaker 5: That they're gonna teach you in the schools.

2124
01:35:57,400 --> 01:36:02,519
Speaker 14: You can go google that, but there's no get it done, this, this, this, this, uh,

2125
01:36:02,600 --> 01:36:06,000
Speaker 14: you know, get the seller financing and transfer that into

2126
01:36:06,360 --> 01:36:09,040
Speaker 14: into a private investment for the I R Ray and

2127
01:36:09,080 --> 01:36:14,000
Speaker 14: then transfer getting it done. They're not gonna teach you

2128
01:36:14,040 --> 01:36:17,120
Speaker 14: that at Harvard and nowhere else. At Harvard, they're gonna

2129
01:36:17,160 --> 01:36:19,679
Speaker 14: teach you the exact opposite of what Chris is teaching.

2130
01:36:19,680 --> 01:36:22,240
Speaker 14: They're gonna teach you how to ultimately rape your community.

2131
01:36:22,560 --> 01:36:24,240
Speaker 14: Chris is gonna teach you how to get it done

2132
01:36:24,320 --> 01:36:27,280
Speaker 14: and get the bag. So I appreciate you fellas for it.

2133
01:36:27,320 --> 01:36:30,479
Speaker 14: I always participate. I'll always speak highly and you know,

2134
01:36:30,600 --> 01:36:32,559
Speaker 14: I appreciate you guys for always letting.

2135
01:36:32,400 --> 01:36:37,519
Speaker 9: Me rock appreciating author, appreciate that most prestigious author.

2136
01:36:37,600 --> 01:36:40,880
Speaker 3: Man's extremely extremely intelligent. God Man Market used to be

2137
01:36:40,880 --> 01:36:42,080
Speaker 3: a market maker on Wall Street.

2138
01:36:43,680 --> 01:36:46,640
Speaker 2: That's our guy. This is another one of our of

2139
01:36:46,720 --> 01:36:50,120
Speaker 2: our dudes. Man Park, what's going on? I'mut yourself, what's

2140
01:36:50,160 --> 01:36:52,080
Speaker 2: going on Sunday?

2141
01:36:52,120 --> 01:36:53,280
Speaker 3: Bro Man?

2142
01:36:53,920 --> 01:36:59,720
Speaker 22: I was struggling with us. Now, No, I'm making sure

2143
01:36:59,720 --> 01:37:02,240
Speaker 22: I'm back. I was like, I ain't never missed another

2144
01:37:02,320 --> 01:37:08,880
Speaker 22: episode ever. God Yeah, No, thanks for all the information, Chris.

2145
01:37:09,000 --> 01:37:13,479
Speaker 22: I just had just one, you know, short question. Throughout

2146
01:37:13,479 --> 01:37:15,960
Speaker 22: the whole process that you've done, what would you think

2147
01:37:16,080 --> 01:37:18,400
Speaker 22: is like the hardest step.

2148
01:37:18,200 --> 01:37:20,200
Speaker 3: That you have to take? Like before you got to

2149
01:37:20,280 --> 01:37:22,639
Speaker 3: where you're at right now, man.

2150
01:37:22,560 --> 01:37:25,320
Speaker 7: I would say, every every step has its own challenges.

2151
01:37:27,320 --> 01:37:31,040
Speaker 7: I would say the most the most difficult things I

2152
01:37:31,080 --> 01:37:34,080
Speaker 7: had going was when I was trying to figure things

2153
01:37:34,120 --> 01:37:36,160
Speaker 7: out on my own and not find somebody that was

2154
01:37:36,240 --> 01:37:38,000
Speaker 7: an expert at what I was trying to get done

2155
01:37:38,000 --> 01:37:40,360
Speaker 7: and putting them in place to do something to help

2156
01:37:40,360 --> 01:37:40,679
Speaker 7: me out.

2157
01:37:41,280 --> 01:37:43,760
Speaker 5: So, I mean, that's really been the biggest thing, man.

2158
01:37:44,479 --> 01:37:47,160
Speaker 7: I would say with the new construction project, like the

2159
01:37:47,240 --> 01:37:51,880
Speaker 7: roadblock with the infrastructure was pretty tough, and having to

2160
01:37:51,960 --> 01:37:54,000
Speaker 7: negotiate with the city to figure out, you know, a

2161
01:37:54,000 --> 01:37:58,240
Speaker 7: solution for that. And let me think on the on

2162
01:37:58,280 --> 01:38:00,200
Speaker 7: the crowdfund side, I think that the hardest part is

2163
01:38:00,240 --> 01:38:02,040
Speaker 7: getting the deal done on the front and just negotiating

2164
01:38:02,040 --> 01:38:04,680
Speaker 7: with the sellers and making them understand, you know, why

2165
01:38:04,720 --> 01:38:06,400
Speaker 7: I needed them to come down on price and why

2166
01:38:06,400 --> 01:38:07,840
Speaker 7: I needed them to sell their finance to me.

2167
01:38:09,000 --> 01:38:11,200
Speaker 5: But yeah, I mean every everything, every deal you do,

2168
01:38:11,240 --> 01:38:14,400
Speaker 5: you're gonna have a different challenge, So just be prepared

2169
01:38:14,400 --> 01:38:14,720
Speaker 5: for that.

2170
01:38:15,560 --> 01:38:16,200
Speaker 2: Appreciate you.

2171
01:38:16,240 --> 01:38:18,360
Speaker 3: Pop shout out to Chicago man, Chris, can we get

2172
01:38:18,360 --> 01:38:20,519
Speaker 3: like ten more minutes of your time? Yeah? Yeah, let's

2173
01:38:20,520 --> 01:38:24,520
Speaker 3: go somebody on YouTube shot yes to real estate. They

2174
01:38:25,200 --> 01:38:28,760
Speaker 3: sent a couple of days. You read that message? No,

2175
01:38:28,800 --> 01:38:32,080
Speaker 3: I know Andre, Yes, okay, okay, y yay, said is Andre,

2176
01:38:32,640 --> 01:38:35,880
Speaker 3: yes to real estate. We're breaking ground on our four

2177
01:38:36,000 --> 01:38:39,639
Speaker 3: townhousing fifth Ward two months were three blocks from you.

2178
01:38:39,800 --> 01:38:42,320
Speaker 2: So yeah, yeah, you're taking over the whole. That's taking

2179
01:38:42,360 --> 01:38:43,160
Speaker 2: over the whole neighborhood.

2180
01:38:43,160 --> 01:38:45,000
Speaker 5: I love it and I love it definitely, definitely.

2181
01:38:45,160 --> 01:38:46,759
Speaker 2: Well, listen, what's going on? You've been unmuted.

2182
01:38:47,400 --> 01:38:48,479
Speaker 23: Hi, how are you guys?

2183
01:38:48,840 --> 01:38:49,880
Speaker 2: Everything's good.

2184
01:38:50,360 --> 01:38:53,360
Speaker 23: Thank you so much for having this open forum has

2185
01:38:53,400 --> 01:38:56,080
Speaker 23: been very informative. I got on a little late, but

2186
01:38:56,439 --> 01:38:59,720
Speaker 23: I will rewatch. I did want to ask Christopher a

2187
01:38:59,760 --> 01:39:05,439
Speaker 23: question uestion about buying back Harlm and what do you suggest.

2188
01:39:05,479 --> 01:39:08,320
Speaker 23: I'm born and raised here. I've been approached with a

2189
01:39:08,360 --> 01:39:11,120
Speaker 23: lot of negativity and in terms of trying to open

2190
01:39:11,200 --> 01:39:13,920
Speaker 23: up a business. However, a lot of businesses have closed

2191
01:39:14,000 --> 01:39:16,280
Speaker 23: due to COVID, and I just kind of wanted to

2192
01:39:16,320 --> 01:39:18,000
Speaker 23: know a way on how to approach that.

2193
01:39:19,400 --> 01:39:22,720
Speaker 7: Wow, that's a very There's a lot of variables in

2194
01:39:22,760 --> 01:39:26,200
Speaker 7: that equation, right, because number one, the type of business

2195
01:39:26,240 --> 01:39:29,439
Speaker 7: you're going to want to start, and then when you

2196
01:39:29,439 --> 01:39:31,080
Speaker 7: see a bunch of business is closing, don't think it's

2197
01:39:31,080 --> 01:39:34,559
Speaker 7: for no reason. You know, they're closing because they tried

2198
01:39:34,560 --> 01:39:37,200
Speaker 7: to stay open and they couldn't. Now, I mean, of

2199
01:39:37,240 --> 01:39:38,920
Speaker 7: course that is going to open a new way of

2200
01:39:38,960 --> 01:39:44,040
Speaker 7: opportunity on the backside. But I'm not really familiar with

2201
01:39:44,120 --> 01:39:46,800
Speaker 7: the Harlem market or like the price points there, so

2202
01:39:46,840 --> 01:39:49,080
Speaker 7: I wouldn't want to give you any bad advice. It's

2203
01:39:49,160 --> 01:39:54,639
Speaker 7: not cut her blanket across the board. So I would say,

2204
01:39:55,880 --> 01:39:59,720
Speaker 7: maybe do what I would do in any situation. That's

2205
01:39:59,720 --> 01:40:03,400
Speaker 7: fine local experts that are doing what you're trying to do.

2206
01:40:04,120 --> 01:40:09,400
Speaker 7: Maybe talk to a commercial broker that has clients that

2207
01:40:09,479 --> 01:40:13,240
Speaker 7: have bought businesses or rented spaces to start businesses and

2208
01:40:13,280 --> 01:40:16,760
Speaker 7: have closed those businesses and find out what challenges their

2209
01:40:16,760 --> 01:40:19,000
Speaker 7: clients had and then figure out.

2210
01:40:18,840 --> 01:40:19,760
Speaker 5: You know, your next move.

2211
01:40:19,880 --> 01:40:22,840
Speaker 7: So yeah, don't don't go into it blindly. Don't don't

2212
01:40:22,840 --> 01:40:25,240
Speaker 7: go into it trying to figure out your own for sure.

2213
01:40:25,560 --> 01:40:27,080
Speaker 3: I'm gonna be honest, And it's like, you know, we

2214
01:40:27,120 --> 01:40:28,559
Speaker 3: live in New York. We've been in New York our

2215
01:40:28,680 --> 01:40:31,080
Speaker 3: entire lives. Our whole family has been in New York,

2216
01:40:31,120 --> 01:40:34,679
Speaker 3: their entire lives. Pretty much. You know. I was always

2217
01:40:34,720 --> 01:40:38,880
Speaker 3: really pro New York. I still am, you know, but

2218
01:40:39,200 --> 01:40:42,360
Speaker 3: the more I travel, I've been traveling a lot lately, and.

2219
01:40:44,640 --> 01:40:45,160
Speaker 2: Don't do it.

2220
01:40:45,200 --> 01:40:48,639
Speaker 9: Don't do it, don't do it, don't do it, an it, don't.

2221
01:40:48,439 --> 01:40:50,639
Speaker 3: Do it now. The one thing that Donald Trump said

2222
01:40:50,760 --> 01:40:52,320
Speaker 3: is like, I don't know if the city's ever really

2223
01:40:52,360 --> 01:40:55,200
Speaker 3: gonna fully recover. And it's so much regulation, it's so

2224
01:40:55,280 --> 01:40:58,240
Speaker 3: much red tape, it's so much hassle. The prices are

2225
01:40:58,280 --> 01:41:01,479
Speaker 3: through the roof in every neighborhood. It's just really, you know,

2226
01:41:01,640 --> 01:41:04,759
Speaker 3: for me, I'm like, you go to places like Atlanta,

2227
01:41:04,800 --> 01:41:09,280
Speaker 3: you just travel around and it's I don't know, man,

2228
01:41:09,439 --> 01:41:15,400
Speaker 3: New York City is it's vastly becoming overrated. It hurts

2229
01:41:15,400 --> 01:41:17,240
Speaker 3: my heart to say that. It really hurts my heart

2230
01:41:17,280 --> 01:41:19,840
Speaker 3: to say that. But it's it's it's I think it's.

2231
01:41:19,920 --> 01:41:20,639
Speaker 3: I think it's true.

2232
01:41:21,400 --> 01:41:22,920
Speaker 2: I appreciate that you said that.

2233
01:41:23,320 --> 01:41:26,080
Speaker 9: It's it's it's it's challenging times for our city, man,

2234
01:41:26,120 --> 01:41:33,519
Speaker 9: but hopefully we're covering. Hopefully. Maybe not. I I'm just optimistic.

2235
01:41:33,560 --> 01:41:34,840
Speaker 9: I'm wonnat be optimistic about it.

2236
01:41:35,520 --> 01:41:40,519
Speaker 3: Uh, head to Atlanta.

2237
01:41:39,760 --> 01:41:42,920
Speaker 9: Jerome, Jerome. I mute yourself you've been unmuted. What's going on?

2238
01:41:44,680 --> 01:41:44,840
Speaker 2: Yo?

2239
01:41:44,920 --> 01:41:46,000
Speaker 5: What up? What up? What up?

2240
01:41:46,040 --> 01:41:47,120
Speaker 2: Man? What's going on?

2241
01:41:48,760 --> 01:41:51,000
Speaker 18: I guess my question is branched off of some of

2242
01:41:51,040 --> 01:41:54,519
Speaker 18: the things that have been answered already. But Chris, you're

2243
01:41:54,560 --> 01:41:58,439
Speaker 18: talking about earlier in your slides. Well, first of all,

2244
01:41:58,479 --> 01:42:00,640
Speaker 18: you know, buying back the block you alays when you

2245
01:42:00,680 --> 01:42:04,679
Speaker 18: come from you know, lower income black neighborhoods, that's always

2246
01:42:04,760 --> 01:42:06,760
Speaker 18: a dream you and your homeboys like, Yo, you know

2247
01:42:06,760 --> 01:42:08,240
Speaker 18: what I mean, I'm a buy back to block on

2248
01:42:08,360 --> 01:42:11,479
Speaker 18: by this. Well, I guess in my case, I got,

2249
01:42:11,560 --> 01:42:14,040
Speaker 18: I got some of my homeboys. We all kind of

2250
01:42:14,160 --> 01:42:16,640
Speaker 18: got a financial background of some sorts.

2251
01:42:17,000 --> 01:42:17,880
Speaker 5: But we new to this.

2252
01:42:18,040 --> 01:42:20,840
Speaker 18: And I know you said that don't all come in

2253
01:42:21,000 --> 01:42:24,160
Speaker 18: as rookies as novice. So I guess my question is

2254
01:42:24,680 --> 01:42:28,120
Speaker 18: where would you start to find someone who understands these

2255
01:42:28,160 --> 01:42:30,040
Speaker 18: contracts where you like, yo, you know what I mean,

2256
01:42:30,880 --> 01:42:33,479
Speaker 18: I'm a put down this amount, but you can become

2257
01:42:33,520 --> 01:42:36,920
Speaker 18: a partner or you know, like I'm a seller financeer.

2258
01:42:37,200 --> 01:42:39,800
Speaker 5: How do I find outside of just networking?

2259
01:42:39,920 --> 01:42:43,439
Speaker 18: Because I know Troy and Rashada was like they found

2260
01:42:43,439 --> 01:42:46,680
Speaker 18: somebody in Cleveland that they can trust. So one is

2261
01:42:46,720 --> 01:42:49,160
Speaker 18: trust and two, do you go look? I mean, do

2262
01:42:49,240 --> 01:42:52,120
Speaker 18: you look for a professional? I guess this is a

2263
01:42:52,160 --> 01:42:54,200
Speaker 18: big question, but do you look for a professional? How

2264
01:42:54,200 --> 01:42:56,680
Speaker 18: do you find somebody to join your group that not

2265
01:42:56,720 --> 01:42:59,640
Speaker 18: only you trust, but has that knowledge of not just

2266
01:42:59,680 --> 01:43:03,000
Speaker 18: book knowledge, but knowledge Just say, all right, when this happens, this,

2267
01:43:03,240 --> 01:43:06,360
Speaker 18: you know this, this like that's I guess that's my question,

2268
01:43:06,400 --> 01:43:07,160
Speaker 18: if that makes any sense.

2269
01:43:07,200 --> 01:43:11,360
Speaker 5: So where are you located? So I'm located in Virginia

2270
01:43:11,439 --> 01:43:11,840
Speaker 5: right now.

2271
01:43:11,880 --> 01:43:16,599
Speaker 18: I live in northern Virginia, but I'm from southern Virginia, Hampton, Uh,

2272
01:43:16,760 --> 01:43:19,000
Speaker 18: like in the Hampton University area, if you know, if

2273
01:43:19,040 --> 01:43:21,080
Speaker 18: you're familiar with that, Norfolk State, Uh.

2274
01:43:21,000 --> 01:43:22,519
Speaker 5: Some HBCUs in the area.

2275
01:43:23,479 --> 01:43:27,479
Speaker 18: But it's a lot of areas black areas Newport News, Norfolk,

2276
01:43:27,520 --> 01:43:34,120
Speaker 18: Portsmouth that are on the verge of I would say gentrification,

2277
01:43:34,200 --> 01:43:35,920
Speaker 18: but they not quite there yet. And we're trying to

2278
01:43:35,920 --> 01:43:38,320
Speaker 18: get active in the market. But you know, we don't

2279
01:43:38,320 --> 01:43:41,200
Speaker 18: have that that that that that game, that real game,

2280
01:43:41,280 --> 01:43:43,479
Speaker 18: not just open up a book game. But like you said,

2281
01:43:43,520 --> 01:43:45,639
Speaker 18: you you know all the ins and outs, and we're

2282
01:43:45,680 --> 01:43:47,160
Speaker 18: just trying to look for something like that.

2283
01:43:48,000 --> 01:43:48,240
Speaker 5: Man.

2284
01:43:48,280 --> 01:43:50,759
Speaker 7: So I would say, once again, just trying to find

2285
01:43:51,120 --> 01:43:55,519
Speaker 7: local mentors and not necessar not not necessarily somebody to

2286
01:43:55,600 --> 01:43:57,840
Speaker 7: invest with you. But maybe you have to just pay

2287
01:43:57,880 --> 01:44:00,880
Speaker 7: somebody for the knowledge for the time, you know, just

2288
01:44:00,920 --> 01:44:01,720
Speaker 7: to get into it.

2289
01:44:01,800 --> 01:44:05,160
Speaker 5: But you know, I got a platform called learnfromcris dot com.

2290
01:44:05,200 --> 01:44:06,360
Speaker 7: You can go in there and they'll give you a

2291
01:44:06,360 --> 01:44:09,000
Speaker 7: lot of the basic information and then that'll put you

2292
01:44:09,000 --> 01:44:10,160
Speaker 7: in a position if you want to go talk to

2293
01:44:10,200 --> 01:44:13,599
Speaker 7: somebody locally, because sometimes active investors don't want to deal

2294
01:44:13,640 --> 01:44:16,960
Speaker 7: with people that they can tell are completely green, you know,

2295
01:44:18,120 --> 01:44:19,599
Speaker 7: So if you can go in there and get yourself

2296
01:44:19,600 --> 01:44:20,599
Speaker 7: acclimated some things.

2297
01:44:20,600 --> 01:44:21,400
Speaker 5: Go to YouTube.

2298
01:44:21,760 --> 01:44:24,640
Speaker 7: There's a lot of stuff on there, and I'm not

2299
01:44:24,640 --> 01:44:26,960
Speaker 7: trying to be cliche, but I'm saying, like trying to

2300
01:44:27,000 --> 01:44:28,880
Speaker 7: get yourself as educated as possible so that when you

2301
01:44:28,920 --> 01:44:30,320
Speaker 7: get in front of these people, you can have an

2302
01:44:30,360 --> 01:44:32,280
Speaker 7: intelligent conversation with them about what you're.

2303
01:44:32,120 --> 01:44:35,320
Speaker 5: Trying to do. And man, Virginia has a lot a

2304
01:44:35,320 --> 01:44:36,120
Speaker 5: lot of investors.

2305
01:44:36,160 --> 01:44:39,120
Speaker 7: I mean, you could between Instagram, I know, I know

2306
01:44:39,200 --> 01:44:42,600
Speaker 7: several between Instagram and Facebook that might be able to

2307
01:44:42,640 --> 01:44:42,880
Speaker 7: help you.

2308
01:44:42,800 --> 01:44:45,080
Speaker 5: You can also look up local meetups.

2309
01:44:45,479 --> 01:44:48,160
Speaker 7: You know, just type in whatever the nearest big city

2310
01:44:48,160 --> 01:44:51,120
Speaker 7: to you and investment meetups, and that'll bring you to

2311
01:44:51,200 --> 01:44:53,400
Speaker 7: some groups that may have somebody's willing to work with you.

2312
01:44:53,800 --> 01:44:56,000
Speaker 5: But man, networking between social.

2313
01:44:55,720 --> 01:45:01,920
Speaker 7: Media platforms like Earn your Leisure and and uh yeah,

2314
01:45:02,360 --> 01:45:05,400
Speaker 7: just the Facebook groups. Man, I'm pretty sure you can

2315
01:45:05,439 --> 01:45:06,960
Speaker 7: find somebody if you all are looking.

2316
01:45:07,120 --> 01:45:08,920
Speaker 3: And like I said, we're gon, we're gonna going through

2317
01:45:08,920 --> 01:45:09,960
Speaker 3: that on our Facebook.

2318
01:45:09,760 --> 01:45:12,080
Speaker 9: I think, Yeah, Chris, I'm gonna take a quote and

2319
01:45:12,120 --> 01:45:14,240
Speaker 9: Jerome you can. You can use this quote and apply it.

2320
01:45:14,240 --> 01:45:14,400
Speaker 2: Man.

2321
01:45:14,400 --> 01:45:15,840
Speaker 9: I took this right from your page. I was like,

2322
01:45:15,840 --> 01:45:18,120
Speaker 9: this is dope. You said there's three things you need

2323
01:45:18,160 --> 01:45:20,800
Speaker 9: to be successful. The knowledge, the opportunity, the money. One

2324
01:45:20,840 --> 01:45:22,479
Speaker 9: you can control, the two you gotta find.

2325
01:45:22,880 --> 01:45:23,200
Speaker 5: That's it.

2326
01:45:24,080 --> 01:45:27,960
Speaker 9: So take that with you, Jerome, Knowledge, opportunity, money one

2327
01:45:28,000 --> 01:45:28,400
Speaker 9: you control.

2328
01:45:28,479 --> 01:45:31,320
Speaker 2: To you gotta go find my man, appreciate you.

2329
01:45:31,439 --> 01:45:35,800
Speaker 3: Sure when you see me running through Atlanta in l A,

2330
01:45:35,960 --> 01:45:40,080
Speaker 3: Los Angeles, ALV, Houston, Texas and these things l A too,

2331
01:45:40,479 --> 01:45:42,599
Speaker 3: it's a great cloud over New York right now.

2332
01:45:43,360 --> 01:45:45,960
Speaker 9: I've seen b Rude put your Headlanta Headquarters all the

2333
01:45:45,960 --> 01:45:47,320
Speaker 9: way e y Land Headquarters.

2334
01:45:47,760 --> 01:45:48,719
Speaker 3: It's already up and running.

2335
01:45:48,720 --> 01:45:51,760
Speaker 9: But we already said that we're re ramping it. We yeah,

2336
01:45:51,880 --> 01:45:53,800
Speaker 9: we got b rue. We got to meet up somewhere. Man,

2337
01:45:54,000 --> 01:45:55,880
Speaker 9: I know you in DC, but when we're Atlanta, you

2338
01:45:55,920 --> 01:45:57,160
Speaker 9: gotta come come check us out.

2339
01:45:57,200 --> 01:45:59,840
Speaker 3: Shout out to d C, Shout out to PG County. Shot.

2340
01:46:00,040 --> 01:46:01,280
Speaker 3: Earth is big though. That's why I know it was

2341
01:46:01,280 --> 01:46:03,479
Speaker 3: shot in New York. It's New York forever. But I

2342
01:46:03,600 --> 01:46:07,439
Speaker 3: just say that halfway, joking, only halfway. But the Earth

2343
01:46:07,520 --> 01:46:09,759
Speaker 3: is big though. We can't just be stuck in our neighborhood.

2344
01:46:09,760 --> 01:46:12,120
Speaker 3: It's like if something is too out of expensive or

2345
01:46:12,200 --> 01:46:15,240
Speaker 3: something that's just you know, never be afraid to expand

2346
01:46:15,400 --> 01:46:17,400
Speaker 3: like you know, this is this is, this is a

2347
01:46:17,520 --> 01:46:20,240
Speaker 3: large earth that we live in, even out of the country,

2348
01:46:20,280 --> 01:46:21,479
Speaker 3: Like you know what I mean, Like there's no there's

2349
01:46:21,479 --> 01:46:23,559
Speaker 3: no limits to anything that we do in life. And

2350
01:46:23,600 --> 01:46:26,240
Speaker 3: we put we put geographic limits on ourselves because where

2351
01:46:26,240 --> 01:46:28,280
Speaker 3: we're from, the neighborhoods that we grew up in in

2352
01:46:28,320 --> 01:46:30,919
Speaker 3: our family. But you never know, you might be pleasantly

2353
01:46:30,920 --> 01:46:33,400
Speaker 3: surprised when you start to travel and you see different

2354
01:46:33,400 --> 01:46:35,800
Speaker 3: areas and it's different opportunities, and it's different cultures and

2355
01:46:35,840 --> 01:46:39,800
Speaker 3: different people and they have different dialects. So you know, me,

2356
01:46:39,920 --> 01:46:42,120
Speaker 3: I love to travel, Troy. Troy gonna be here forever.

2357
01:46:42,240 --> 01:46:45,280
Speaker 9: But our wise man told me this. Man, he said

2358
01:46:45,280 --> 01:46:47,320
Speaker 9: this to us the other day. He said, go where

2359
01:46:47,320 --> 01:46:50,320
Speaker 9: you're celebrated. That's a fact too, Go where you're celebrated.

2360
01:46:50,400 --> 01:46:50,599
Speaker 10: Man.

2361
01:46:50,680 --> 01:46:52,240
Speaker 2: I was like, ooh, well.

2362
01:46:52,120 --> 01:46:56,120
Speaker 3: We're always gonna be celebrated in New York, Brooklyn shot celebrate.

2363
01:46:56,200 --> 01:46:58,759
Speaker 2: I was like, that's powerful. Natalie, what's up yourself?

2364
01:46:58,760 --> 01:47:04,240
Speaker 9: You've been unmuted? Has been on point today on Natalie.

2365
01:47:04,640 --> 01:47:06,720
Speaker 9: Right when I say that, you know how his work

2366
01:47:06,960 --> 01:47:10,519
Speaker 9: ain't no frish breaks. So Natalie, we gotta move on.

2367
01:47:10,600 --> 01:47:13,439
Speaker 9: We gotta move on. Let's go to Samantha. Samantha, we

2368
01:47:13,479 --> 01:47:14,679
Speaker 9: I'm mute and you i'mute yourself.

2369
01:47:17,600 --> 01:47:17,880
Speaker 8: Hello.

2370
01:47:18,439 --> 01:47:21,080
Speaker 2: There we go. Let's keep this thing rolling. Samantha, thank you.

2371
01:47:21,720 --> 01:47:26,400
Speaker 3: I got thank you.

2372
01:47:26,479 --> 01:47:31,000
Speaker 10: So good evening, everyone, good evening. Shout out to the

2373
01:47:31,040 --> 01:47:33,439
Speaker 10: earners and my cousins that are listening. I sent this

2374
01:47:33,520 --> 01:47:39,280
Speaker 10: to them. We have started our own investment group. Our

2375
01:47:39,360 --> 01:47:41,880
Speaker 10: overall goal, or one of our overall goals, would be

2376
01:47:42,320 --> 01:47:44,519
Speaker 10: to do this in Jamaica because our family is from there.

2377
01:47:44,560 --> 01:47:48,240
Speaker 10: Our parents are from Saint Anne. And but you know,

2378
01:47:48,280 --> 01:47:49,200
Speaker 10: we have to start small.

2379
01:47:49,800 --> 01:47:52,040
Speaker 2: Yeah, yeah, Yeah, I'm with that. Shout out to Jamaica.

2380
01:47:53,400 --> 01:47:58,879
Speaker 10: So my question is how did you structure the business?

2381
01:47:58,920 --> 01:48:01,320
Speaker 10: Did you do it on your own and then do

2382
01:48:01,400 --> 01:48:04,920
Speaker 10: like a joint venture with other people, or did you

2383
01:48:04,960 --> 01:48:06,559
Speaker 10: all create your own business?

2384
01:48:06,560 --> 01:48:09,479
Speaker 5: How did that work? Yeah, that's a great question. So

2385
01:48:09,920 --> 01:48:13,120
Speaker 5: each project I do has its own individual entity, so

2386
01:48:13,160 --> 01:48:14,520
Speaker 5: its own individual.

2387
01:48:14,280 --> 01:48:18,599
Speaker 7: LLC, and that LLC owns the project, and so there's

2388
01:48:18,640 --> 01:48:20,240
Speaker 7: several ways you can structure from there.

2389
01:48:21,040 --> 01:48:24,200
Speaker 5: It depends on who is playing what role.

2390
01:48:24,280 --> 01:48:27,160
Speaker 7: So if you're bringing on other investors, some of them

2391
01:48:27,280 --> 01:48:30,760
Speaker 7: may want to be a member of your LLC, some

2392
01:48:30,840 --> 01:48:33,320
Speaker 7: of them want to joint venture where your.

2393
01:48:33,200 --> 01:48:35,920
Speaker 5: Two LLCs work together some of you.

2394
01:48:36,160 --> 01:48:38,000
Speaker 7: Some of them may want if they just want to

2395
01:48:38,000 --> 01:48:41,200
Speaker 7: be passive investors, you may have to structure something where

2396
01:48:41,240 --> 01:48:44,280
Speaker 7: they are in a limited partnership with you, where you

2397
01:48:44,320 --> 01:48:47,320
Speaker 7: are the general partner that makes decisions and they are

2398
01:48:47,360 --> 01:48:50,400
Speaker 7: like a passive limited partner that may get the first

2399
01:48:50,479 --> 01:48:54,960
Speaker 7: returns out of the deal. So it varies greatly. It

2400
01:48:55,000 --> 01:48:58,000
Speaker 7: really depends on the scope of the project you're trying

2401
01:48:58,040 --> 01:49:01,639
Speaker 7: to do. It's nothing wrong with all y'all just putting

2402
01:49:01,680 --> 01:49:04,200
Speaker 7: together and doing one LLC. If that's what you want

2403
01:49:04,280 --> 01:49:08,639
Speaker 7: for the first project. Uh, of course this is this

2404
01:49:08,720 --> 01:49:12,200
Speaker 7: is not legal advice. You always just see legal counsel.

2405
01:49:12,720 --> 01:49:14,760
Speaker 7: But yeah, so, like I said, each project I do

2406
01:49:14,880 --> 01:49:16,080
Speaker 7: is different, structure, a little different.

2407
01:49:20,680 --> 01:49:23,040
Speaker 3: No, that was that was That was a great question, Samantha.

2408
01:49:23,120 --> 01:49:23,760
Speaker 2: Appreciate you.

2409
01:49:23,880 --> 01:49:25,559
Speaker 3: Let's go to one more. Let's go to one more.

2410
01:49:25,920 --> 01:49:28,280
Speaker 9: And I see that Shannon is telling you the contact.

2411
01:49:29,160 --> 01:49:31,920
Speaker 9: So here's Shannon up. She's in the chat here. Shannon,

2412
01:49:32,000 --> 01:49:32,679
Speaker 9: shout out to Shannon.

2413
01:49:32,760 --> 01:49:33,439
Speaker 3: Let's get one more.

2414
01:49:34,040 --> 01:49:34,400
Speaker 2: Let's see.

2415
01:49:34,439 --> 01:49:37,040
Speaker 9: Let's see this is a we haven't seen this name before.

2416
01:49:37,240 --> 01:49:40,679
Speaker 9: We haven't seen this name for Ashley. We're coming to you, Ashley.

2417
01:49:40,720 --> 01:49:42,519
Speaker 2: What's going on? I mute yourself. You've been unmuted?

2418
01:49:42,880 --> 01:49:43,839
Speaker 6: What okay?

2419
01:49:43,880 --> 01:49:47,439
Speaker 24: Sorry, I'm so excited I supposed to hear that part.

2420
01:49:48,320 --> 01:49:49,000
Speaker 5: Sorry.

2421
01:49:50,360 --> 01:49:55,799
Speaker 24: I appreciate y'all for allowing me to speak and ask questions. Chris,

2422
01:49:55,840 --> 01:49:57,439
Speaker 24: I want to thank you for what you're doing for

2423
01:49:57,479 --> 01:50:01,439
Speaker 24: the city of Houston. I'm originally from Houston. My dad

2424
01:50:01,520 --> 01:50:04,200
Speaker 24: was born and raised in fifth Ward. It helped me

2425
01:50:04,840 --> 01:50:08,479
Speaker 24: great a really special place in my heart. My major

2426
01:50:08,600 --> 01:50:11,240
Speaker 24: was urban planning. I went to Brown University. I'm a

2427
01:50:11,240 --> 01:50:14,639
Speaker 24: little nervous I'm sorry. I went to Brown University studied

2428
01:50:14,720 --> 01:50:17,840
Speaker 24: urban planning, came back home and was like, man, I

2429
01:50:17,920 --> 01:50:21,080
Speaker 24: see this happening, Like I could tell all the things

2430
01:50:21,080 --> 01:50:22,120
Speaker 24: that you've been talking about.

2431
01:50:23,040 --> 01:50:24,280
Speaker 6: When you see stuff like.

2432
01:50:26,479 --> 01:50:31,080
Speaker 24: Infrastructure coming to a place, like you said, sidewalks even

2433
01:50:31,160 --> 01:50:35,880
Speaker 24: down to bus buses or light rails coming into a

2434
01:50:35,880 --> 01:50:39,519
Speaker 24: community that were never there before, that's another marker. And

2435
01:50:39,560 --> 01:50:43,479
Speaker 24: I just started seeing this, like, man, when are we

2436
01:50:43,600 --> 01:50:45,519
Speaker 24: gonna all get on the same page and to see

2437
01:50:45,560 --> 01:50:45,880
Speaker 24: you do it.

2438
01:50:45,920 --> 01:50:47,080
Speaker 6: I moved away from Houston.

2439
01:50:47,520 --> 01:50:50,200
Speaker 24: Unfortunately I didn't have the opportunity to invest. I mean

2440
01:50:50,760 --> 01:50:53,559
Speaker 24: I will now and I have the tools and I've

2441
01:50:53,560 --> 01:50:57,080
Speaker 24: been learning these last few years. But I left Houston

2442
01:50:57,120 --> 01:50:59,640
Speaker 24: because a lot of people weren't willing to give me

2443
01:50:59,640 --> 01:51:02,519
Speaker 24: the opportunity to work in urban planning and really real

2444
01:51:02,640 --> 01:51:05,559
Speaker 24: estate development because I didn't have the experience. I just

2445
01:51:05,600 --> 01:51:10,200
Speaker 24: had the knowledge, and I came to LA and I

2446
01:51:10,240 --> 01:51:12,040
Speaker 24: come back to Houston and I just see it like

2447
01:51:12,120 --> 01:51:14,559
Speaker 24: every month I've been coming back for the last three months,

2448
01:51:14,560 --> 01:51:18,200
Speaker 24: and like it's happening, like I've been telling people, and

2449
01:51:18,280 --> 01:51:22,839
Speaker 24: you know, Paul revereing it like hey, gentrification, grification is coming,

2450
01:51:23,000 --> 01:51:26,439
Speaker 24: like you know, these people are moving in here with

2451
01:51:26,960 --> 01:51:30,280
Speaker 24: you know, their privilege, but they don't have you know,

2452
01:51:31,160 --> 01:51:31,920
Speaker 24: the roots here.

2453
01:51:32,000 --> 01:51:34,200
Speaker 6: They're there for the capitalist opportunities.

2454
01:51:34,880 --> 01:51:38,320
Speaker 24: And my one reason why I raised my hand, had

2455
01:51:38,320 --> 01:51:40,719
Speaker 24: no idea they were gonna call me, but I wanted

2456
01:51:40,720 --> 01:51:45,680
Speaker 24: to thank you personally, even if it's via zoom. I

2457
01:51:46,040 --> 01:51:51,560
Speaker 24: appreciate what you're doing and sparking even the thought because unfortunately,

2458
01:51:51,760 --> 01:51:53,680
Speaker 24: the reason why I moved from Houston too is a

2459
01:51:53,680 --> 01:51:57,439
Speaker 24: lot of people were so driven on being corporate, corporate,

2460
01:51:57,479 --> 01:52:00,679
Speaker 24: corporate only and we see something like co It happening

2461
01:52:00,760 --> 01:52:04,400
Speaker 24: where the rug is pulled out from everybody and you know,

2462
01:52:05,000 --> 01:52:08,599
Speaker 24: either you had that mindset of pivoting or now you're

2463
01:52:08,680 --> 01:52:13,000
Speaker 24: fumbling to get there. And the platform like eyl is helping,

2464
01:52:13,320 --> 01:52:16,160
Speaker 24: you know, people all over the globe to really learn

2465
01:52:16,200 --> 01:52:19,559
Speaker 24: how to pivot. And I appreciate you guys. I'm I'm

2466
01:52:19,560 --> 01:52:22,960
Speaker 24: an earn I've been an earnest since March, and I've

2467
01:52:22,960 --> 01:52:23,800
Speaker 24: been telling.

2468
01:52:23,520 --> 01:52:26,559
Speaker 6: People like, hey, you need to get with I mean, I.

2469
01:52:26,479 --> 01:52:29,360
Speaker 24: Appreciate y'all putting it on YouTube, but getting in the

2470
01:52:29,520 --> 01:52:32,760
Speaker 24: community is totally different. Like you mentioned, when you talk

2471
01:52:32,840 --> 01:52:36,160
Speaker 24: to a stranger and they're believing in you and giving

2472
01:52:36,160 --> 01:52:39,680
Speaker 24: you resources. You have to be able to tap into that,

2473
01:52:39,800 --> 01:52:44,240
Speaker 24: so paying what was due, I mean luckily I did

2474
01:52:44,240 --> 01:52:44,719
Speaker 24: it early.

2475
01:52:44,920 --> 01:52:47,800
Speaker 6: So you know, you always reward the people that adopt early.

2476
01:52:48,080 --> 01:52:50,800
Speaker 24: And I appreciate you, guys, but you know it's still

2477
01:52:50,920 --> 01:52:53,720
Speaker 24: valuable at the price that it is now. Chris, I

2478
01:52:54,479 --> 01:52:58,759
Speaker 24: will ask as I'll get to my question, I'm sorry

2479
01:52:58,760 --> 01:53:01,439
Speaker 24: for I'm trying to I'm.

2480
01:53:01,240 --> 01:53:03,200
Speaker 3: Trying to get like, go.

2481
01:53:05,720 --> 01:53:06,439
Speaker 6: Thank y'all.

2482
01:53:07,080 --> 01:53:11,320
Speaker 24: But being in another city, do you think it's feasible?

2483
01:53:13,120 --> 01:53:15,240
Speaker 24: Because I have some of the knowledge I have, I

2484
01:53:15,280 --> 01:53:18,000
Speaker 24: see it and this is happening in every city in

2485
01:53:18,000 --> 01:53:19,240
Speaker 24: the country, you guys, So.

2486
01:53:19,240 --> 01:53:21,880
Speaker 6: Wherever you are, you you can tap in.

2487
01:53:22,439 --> 01:53:25,400
Speaker 24: But do you feel it's possible to be an investor

2488
01:53:25,520 --> 01:53:27,000
Speaker 24: from long distance or do you.

2489
01:53:27,000 --> 01:53:30,280
Speaker 6: Feel like you need to be in that specific city.

2490
01:53:30,320 --> 01:53:33,599
Speaker 24: I mean, la Is prices are going down because so

2491
01:53:33,600 --> 01:53:36,080
Speaker 24: many people moved, so the demand is not there. But

2492
01:53:37,479 --> 01:53:40,320
Speaker 24: you know, say for instance like an Arizona or Nevada.

2493
01:53:40,479 --> 01:53:43,599
Speaker 24: I don't live there, but I can tell that those cities,

2494
01:53:43,600 --> 01:53:47,439
Speaker 24: the cities there are gonna gonna be moving into a

2495
01:53:47,560 --> 01:53:49,000
Speaker 24: redevelopment phase soon.

2496
01:53:49,160 --> 01:53:51,120
Speaker 6: So what is your advice on that.

2497
01:53:51,960 --> 01:53:54,320
Speaker 7: You can definitely invest anywhere in the country. I mean,

2498
01:53:55,040 --> 01:53:56,880
Speaker 7: it's all about having a team in place, right. It's

2499
01:53:56,920 --> 01:53:59,160
Speaker 7: no different than investing in a stock. But you don't

2500
01:53:59,160 --> 01:54:00,519
Speaker 7: know where the headquarters is, you don't know where the

2501
01:54:00,600 --> 01:54:02,280
Speaker 7: CEO is, you don't know where the factory is.

2502
01:54:02,800 --> 01:54:04,320
Speaker 5: You just have to have the right systems and the

2503
01:54:04,400 --> 01:54:05,559
Speaker 5: right team around you.

2504
01:54:05,680 --> 01:54:07,800
Speaker 7: So whatever city you're go into, you're gonna need a

2505
01:54:07,840 --> 01:54:12,120
Speaker 7: good realtor, a good property manager, a good contractor, and

2506
01:54:12,200 --> 01:54:15,160
Speaker 7: somebody that can manage them, you know, or you have

2507
01:54:15,200 --> 01:54:17,720
Speaker 7: to have good open communication with them, or you know,

2508
01:54:17,800 --> 01:54:18,639
Speaker 7: local investors that.

2509
01:54:18,560 --> 01:54:19,080
Speaker 5: You partner with.

2510
01:54:19,120 --> 01:54:20,800
Speaker 7: That's probably the easiest way to get into a new

2511
01:54:20,800 --> 01:54:22,840
Speaker 7: market instead of trying to do it on your own.

2512
01:54:23,760 --> 01:54:25,960
Speaker 7: So yeah, it's definitely possible. I know, I know some

2513
01:54:26,000 --> 01:54:27,800
Speaker 7: friends that only invest out of town. They don't even

2514
01:54:27,800 --> 01:54:30,880
Speaker 7: invest in the city they live in. So it's definitely practical.

2515
01:54:32,040 --> 01:54:33,440
Speaker 2: Appreciate you, appreciate your ass.

2516
01:54:33,600 --> 01:54:36,680
Speaker 3: Thank you, ladies and gentlemen. Chris. They said that you

2517
01:54:36,720 --> 01:54:42,360
Speaker 3: look tired, man. Hustlers don't sleep, man.

2518
01:54:43,400 --> 01:54:46,040
Speaker 2: I'm telling they they say, Troy, you suspended all guidelines.

2519
01:54:46,840 --> 01:54:52,960
Speaker 9: Man, I gotta get used to Wednesday.

2520
01:54:51,560 --> 01:54:54,040
Speaker 3: Now, Chris Man, I really, really really really appreciate it.

2521
01:54:54,080 --> 01:54:56,240
Speaker 3: We're going to go into some more stuff with Chris,

2522
01:54:56,560 --> 01:54:58,840
Speaker 3: but before before we wrap, I want to give Chris

2523
01:54:58,880 --> 01:55:01,920
Speaker 3: the last word. But before we finish, once again, if

2524
01:55:01,920 --> 01:55:04,680
Speaker 3: anybody has just joined at this point in time, this

2525
01:55:04,880 --> 01:55:07,760
Speaker 3: was just a you know, an open house of what

2526
01:55:07,800 --> 01:55:09,960
Speaker 3: we do once a month for Eyo University and the

2527
01:55:10,040 --> 01:55:13,040
Speaker 3: interstident joining Eyo University. We have a Facebook group, we

2528
01:55:13,120 --> 01:55:15,520
Speaker 3: have a book club, movie club, We do bi weekly

2529
01:55:15,560 --> 01:55:18,000
Speaker 3: real estate called MT the Mortgage Guy. We do. We

2530
01:55:18,080 --> 01:55:20,520
Speaker 3: do these type of classes every single week, every Wednesday.

2531
01:55:20,760 --> 01:55:23,480
Speaker 3: And there's archives, like over seventy five archive classes, so

2532
01:55:23,520 --> 01:55:25,000
Speaker 3: as soon as you join, you have access to all

2533
01:55:25,000 --> 01:55:27,680
Speaker 3: of that stuff and everything from disability insurance to how

2534
01:55:27,680 --> 01:55:32,040
Speaker 3: to buy a car, to host real estate wholesaling everything.

2535
01:55:32,200 --> 01:55:35,600
Speaker 9: New orientation for new earners, we got accountability try it.

2536
01:55:35,680 --> 01:55:36,640
Speaker 3: What date is the orientation.

2537
01:55:36,800 --> 01:55:40,600
Speaker 9: There's going to be November fourteenth, if I'm not mistaken,

2538
01:55:40,800 --> 01:55:43,080
Speaker 9: I could be No fourteen.

2539
01:55:42,760 --> 01:55:47,360
Speaker 3: November fourteenth at one o'clock. We have November twenty first

2540
01:55:47,480 --> 01:55:49,640
Speaker 3: we have orientation. We treating it's like a it's a

2541
01:55:49,680 --> 01:55:51,280
Speaker 3: real university, so like you know when you go to

2542
01:55:51,320 --> 01:55:55,240
Speaker 3: school and you have freshman orientation. So you know, we

2543
01:55:55,280 --> 01:55:56,800
Speaker 3: have a lot of different spots. We got we got

2544
01:55:56,840 --> 01:55:59,840
Speaker 3: our Facebook group, we got the website, so it might

2545
01:55:59,840 --> 01:56:01,720
Speaker 3: be kind of hard for people to navigate. So we

2546
01:56:01,760 --> 01:56:05,040
Speaker 3: got orientation on the twenty first, and yeah, man, this

2547
01:56:05,080 --> 01:56:06,920
Speaker 3: is this is definitely gonna be the biggest, the biggest

2548
01:56:07,000 --> 01:56:11,800
Speaker 3: educational platform in existence. And twenty four hours and twenty

2549
01:56:11,800 --> 01:56:13,879
Speaker 3: four hours, the price goes up. So if you're interested

2550
01:56:13,920 --> 01:56:16,520
Speaker 3: in joining, the link is in only the link, the

2551
01:56:16,560 --> 01:56:21,200
Speaker 3: only discount link is in YouTube because uh, we didn't

2552
01:56:21,200 --> 01:56:23,280
Speaker 3: want to do a cold because there's issues with the cold.

2553
01:56:23,360 --> 01:56:26,520
Speaker 3: So just hit the hit the link in YouTube. It's pinned.

2554
01:56:26,640 --> 01:56:30,160
Speaker 3: I'll put it in the comments section again. And yeah, man,

2555
01:56:30,360 --> 01:56:33,040
Speaker 3: if you're interested in joining, it's only up from here.

2556
01:56:33,080 --> 01:56:35,280
Speaker 3: It's only up from here. But Chris, I want to

2557
01:56:35,320 --> 01:56:38,160
Speaker 3: give you the final word because I mean, we're going

2558
01:56:38,240 --> 01:56:39,640
Speaker 3: to be doing some more stuff together. I don't know

2559
01:56:39,640 --> 01:56:41,280
Speaker 3: if you're ready to talk about that or not yet,

2560
01:56:41,320 --> 01:56:42,080
Speaker 3: but yeah.

2561
01:56:42,160 --> 01:56:43,600
Speaker 5: We can talk about it.

2562
01:56:44,000 --> 01:56:46,600
Speaker 3: You want to tell you know, yeah, e y L

2563
01:56:46,760 --> 01:56:50,440
Speaker 3: E y L Podcast Network. You obviously know that, you know,

2564
01:56:50,600 --> 01:56:52,520
Speaker 3: the people know we have a strong track record with

2565
01:56:53,120 --> 01:56:57,800
Speaker 3: our show, our podcast and market mondays. We said earlier,

2566
01:56:57,880 --> 01:57:00,440
Speaker 3: like in March, like we want to we want to

2567
01:57:00,440 --> 01:57:03,600
Speaker 3: work with other creatives and other entrepreneurs and different people

2568
01:57:03,640 --> 01:57:05,720
Speaker 3: to kind of, you know, help them out as far

2569
01:57:05,720 --> 01:57:09,600
Speaker 3: as their journey in podcasting and market. Mondays was our

2570
01:57:09,600 --> 01:57:15,640
Speaker 3: first experiment and that was wildly successful experiment. So now

2571
01:57:15,720 --> 01:57:19,520
Speaker 3: we we we got a long list of other people

2572
01:57:20,080 --> 01:57:24,320
Speaker 3: that we're gonna bring on the label and Chris, Chris

2573
01:57:24,400 --> 01:57:28,000
Speaker 3: hit me up, man, so I think, yeah, we're gonna

2574
01:57:28,000 --> 01:57:29,320
Speaker 3: were gonna work on that podcast.

2575
01:57:29,400 --> 01:57:32,800
Speaker 7: Man, it's long overdue for me, man, I just didn't

2576
01:57:32,840 --> 01:57:34,360
Speaker 7: have the capacity to do it on my own. So

2577
01:57:34,720 --> 01:57:44,600
Speaker 7: it's an honor to partner with the number one.

2578
01:57:42,400 --> 01:57:45,000
Speaker 3: And and and this just just this just goes to show, like,

2579
01:57:45,040 --> 01:57:48,480
Speaker 3: you know, we're working together. You know, young black entrepreneurs.

2580
01:57:48,560 --> 01:57:51,360
Speaker 3: Chris is in real estate, we're in the media space,

2581
01:57:51,880 --> 01:57:54,280
Speaker 3: and he recognized that we can we can bring some

2582
01:57:54,400 --> 01:57:56,680
Speaker 3: value to him, he can bring some value to us.

2583
01:57:56,720 --> 01:58:00,400
Speaker 3: So instead of us working apart, were much strong if

2584
01:58:00,440 --> 01:58:02,960
Speaker 3: we come together. And if you know, all of these

2585
01:58:02,960 --> 01:58:06,520
Speaker 3: big corporations can have podcast networks. I can't. Why can't

2586
01:58:06,520 --> 01:58:08,800
Speaker 3: you all have a podcast network? And all of the

2587
01:58:08,840 --> 01:58:12,800
Speaker 3: relationships that we built and build it out from there. So, yeah,

2588
01:58:12,800 --> 01:58:15,520
Speaker 3: you heard it first. You heard it first, ladies and gentlemen, This.

2589
01:58:15,520 --> 01:58:18,480
Speaker 9: Is breaking news alert. Look, look we got so we

2590
01:58:18,880 --> 01:58:20,720
Speaker 9: got a couple more breaking news alerts that we're going.

2591
01:58:20,760 --> 01:58:22,520
Speaker 9: We ain't ready to announce him. Yeah, but trust me.

2592
01:58:22,560 --> 01:58:26,880
Speaker 14: The label growing, Oh no, it's gonna be like Rockefeller.

2593
01:58:26,920 --> 01:58:30,960
Speaker 3: It's gonna be like Rockfeller in the early two growing.

2594
01:58:31,080 --> 01:58:33,320
Speaker 2: Yeah, expeditionous.

2595
01:58:35,720 --> 01:58:38,280
Speaker 3: But how can they? How can they your crowdfund? Know,

2596
01:58:38,320 --> 01:58:41,440
Speaker 3: you said your crowdfund is full, but talk about that

2597
01:58:41,480 --> 01:58:42,960
Speaker 3: as far as like, are you going to open up

2598
01:58:42,960 --> 01:58:46,200
Speaker 3: a new crowdfund? What's your plans as far as your development, like,

2599
01:58:46,280 --> 01:58:48,040
Speaker 3: let the people know how they can follow you, all

2600
01:58:48,040 --> 01:58:50,240
Speaker 3: the information that you you know, you have to give

2601
01:58:50,240 --> 01:58:51,200
Speaker 3: to the people. Yeah.

2602
01:58:51,240 --> 01:58:54,040
Speaker 7: Man, So right now I'm actively looked at a few

2603
01:58:54,080 --> 01:58:56,400
Speaker 7: different projects that I may use for the next crowdfund.

2604
01:58:56,440 --> 01:58:58,680
Speaker 7: I have not figured it out yet, but as soon

2605
01:58:58,680 --> 01:59:02,120
Speaker 7: as I do, everybody they will know, and Eyl probably

2606
01:59:02,200 --> 01:59:05,520
Speaker 7: the first ones to know about it. Yeah, so just

2607
01:59:05,560 --> 01:59:07,680
Speaker 7: stay tuned for that. I can technically going to do

2608
01:59:07,680 --> 01:59:09,600
Speaker 7: one a year if you hit the max. So uh,

2609
01:59:10,000 --> 01:59:12,120
Speaker 7: actually the end of November, I'll be able to start

2610
01:59:12,320 --> 01:59:14,560
Speaker 7: putting another one together. Yeah, so if you want to

2611
01:59:14,600 --> 01:59:18,320
Speaker 7: follow me, just Underscore Investor on Instagram.

2612
01:59:18,760 --> 01:59:21,960
Speaker 5: I have a YouTube channel. Uh. Like I said, if

2613
01:59:22,000 --> 01:59:24,120
Speaker 5: you want to learn more about real.

2614
01:59:24,040 --> 01:59:27,320
Speaker 7: Estate investing specifically, you can go to learn from Chris

2615
01:59:27,360 --> 01:59:29,200
Speaker 7: dot Com. I have actually have a free guide on

2616
01:59:29,240 --> 01:59:31,480
Speaker 7: five strategies where you can invest passively. So for the

2617
01:59:31,560 --> 01:59:33,760
Speaker 7: busy people that don't have time and don't want to

2618
01:59:33,760 --> 01:59:36,720
Speaker 7: be active wholesalers or flippers, I got five strategies that

2619
01:59:36,760 --> 01:59:39,040
Speaker 7: I can that I'm showing you how you can truly

2620
01:59:39,080 --> 01:59:40,760
Speaker 7: invest passively and still make money.

2621
01:59:41,680 --> 01:59:41,920
Speaker 3: Yeah.

2622
01:59:41,960 --> 01:59:45,200
Speaker 7: So, and that that also leads into a membership group

2623
01:59:45,240 --> 01:59:50,720
Speaker 7: where I'm probably one of the only instructors online that

2624
01:59:50,760 --> 01:59:53,960
Speaker 7: has courses that's actually talking about gentrification, talking about crowdfunding

2625
01:59:54,000 --> 01:59:57,280
Speaker 7: and all those things inside the platform as well. So, yeah, man,

2626
01:59:57,320 --> 01:59:59,840
Speaker 7: learn from Chris dot Com investor on Instagram.

2627
02:00:00,000 --> 02:00:00,760
Speaker 5: That's pretty much it.

2628
02:00:02,040 --> 02:00:07,040
Speaker 3: There you have it. But investor is Underscore I n

2629
02:00:07,800 --> 02:00:09,040
Speaker 3: V S t R.

2630
02:00:09,600 --> 02:00:09,960
Speaker 5: Yeah.

2631
02:00:10,040 --> 02:00:14,440
Speaker 7: Yeah, the only vowel is that I are.

2632
02:00:14,480 --> 02:00:16,480
Speaker 5: You Just go to the your leisure page and click

2633
02:00:16,560 --> 02:00:17,960
Speaker 5: click my Yeah.

2634
02:00:18,280 --> 02:00:21,200
Speaker 3: We put his Instagram in the description of this video

2635
02:00:21,240 --> 02:00:23,760
Speaker 3: as well. The fact you definitely should follow Chris on

2636
02:00:23,800 --> 02:00:25,680
Speaker 3: Instagram a lot, a lot of gyms. Yeah, legend.

2637
02:00:25,720 --> 02:00:26,200
Speaker 2: That's why I said.

2638
02:00:26,200 --> 02:00:27,880
Speaker 9: We don't throw around the word legend a lot. But

2639
02:00:27,920 --> 02:00:30,040
Speaker 9: this guy definitely is one man. So shout out to Houston,

2640
02:00:30,440 --> 02:00:34,120
Speaker 9: the third World, third Ward, fifth Ward. Shout to Beyonce

2641
02:00:37,120 --> 02:00:40,000
Speaker 9: Ivey Park Joint drove tomorrow too, so be on the Friday,

2642
02:00:40,080 --> 02:00:41,320
Speaker 9: look on the lookout.

2643
02:00:41,600 --> 02:00:44,360
Speaker 3: Shout shout of Dallas, Texas too. I was out there

2644
02:00:44,400 --> 02:00:46,360
Speaker 3: for the first time, my first time in Dallas, and

2645
02:00:46,800 --> 02:00:48,400
Speaker 3: that's a dope city too. Now we just got to

2646
02:00:48,440 --> 02:00:51,600
Speaker 3: go to Austin. You gotta go to Austin, Texas. But

2647
02:00:52,280 --> 02:00:55,040
Speaker 3: shout out to the whole state of Texas. Don't mess

2648
02:00:55,080 --> 02:00:59,520
Speaker 3: with Texas, man. Everything is is what is it? Everything

2649
02:00:59,600 --> 02:01:02,720
Speaker 3: big into there you go. Yeah, you know they're having

2650
02:01:02,720 --> 02:01:04,440
Speaker 3: a tough time right now with the sports teams. But

2651
02:01:05,840 --> 02:01:10,160
Speaker 3: so good, all right, so good man. But nah, Chris Brother,

2652
02:01:10,200 --> 02:01:14,480
Speaker 3: I appreciate you, love, I appreciate you. Oh yeah, so

2653
02:01:15,160 --> 02:01:18,640
Speaker 3: stay safe, man. We'll be in contact, and everybody, thank

2654
02:01:18,680 --> 02:01:22,040
Speaker 3: you for joining us. This video will be saved on YouTube,

2655
02:01:22,120 --> 02:01:23,440
Speaker 3: so you can go back and watch it if you

2656
02:01:23,520 --> 02:01:26,280
Speaker 3: if you missed a part of it, and tell everybody

2657
02:01:26,280 --> 02:01:28,680
Speaker 3: about Chris and tell everybody about all of the great

2658
02:01:28,680 --> 02:01:30,800
Speaker 3: work that he's doing. And hopefully you got some information

2659
02:01:30,840 --> 02:01:33,520
Speaker 3: that you can actually use and replicate in your part

2660
02:01:33,560 --> 02:01:35,400
Speaker 3: of the world. That's what this is all about. Each one,

2661
02:01:35,440 --> 02:01:39,200
Speaker 3: teach one. So all right, you have say.

2662
02:01:39,080 --> 02:01:43,880
Speaker 2: What's to you next week? Go call somebody, man, go

2663
02:01:43,920 --> 02:01:45,040
Speaker 2: call somebody. Reach out.

2664
02:01:45,800 --> 02:01:48,560
Speaker 9: One test can change a lifetime or change somebody's life.

2665
02:01:48,680 --> 02:01:51,240
Speaker 9: One call can change somebody's life. Make sure y'all do that.

2666
02:01:51,280 --> 02:01:53,280
Speaker 9: Go through your contact list now, just reach out. Let

2667
02:01:53,320 --> 02:01:55,800
Speaker 9: somebody know you thinking about them. All right, peace, We

2668
02:01:55,840 --> 02:01:56,280
Speaker 9: love y'all.

2669
02:01:56,280 --> 02:01:56,640
Speaker 3: We out.

2670
02:01:56,720 --> 02:01:57,720
Speaker 2: Chris, love bro.

2671
02:01:59,600 --> 02:01:59,960
Speaker 3: My Brad.

2672
02:02:00,000 --> 02:02:03,520
Speaker 4: I do it for my school being force bag, drop

2673
02:02:04,200 --> 02:02:07,920
Speaker 4: Bag Drop Mike, drop Bag drop Drop.

2674
02:02:20,160 --> 02:02:23,640
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