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Speaker 1: Investing in America.
Speaker 2: About the money. This is the financing portion of your
Speaker 2: land and development. We're going to talk about institutional funding,
Speaker 2: seller financing, private lenders, and crowdfunding institutional funding. This is
Speaker 2: where the slides get less cute with visuals, right, but
Speaker 2: it's a serious matter. Farmers dot gov is a website
Speaker 2: that I want to tell everybody to check out. You
Speaker 2: might not have any intention of farming, but with what's
Speaker 2: going on with food sovereignty, being able to purchase land
Speaker 2: through the USDA and loan products that are available, as
Speaker 2: well as being able to take advantage of any grants
Speaker 2: and different things that are available with food sovereignty projects,
Speaker 2: it's a no brainer. Look into Farmers dot gov. That
Speaker 2: is a great resource. When you are purchasing land. Institutional
Speaker 2: funding is your typical funding. That's when you go to
Speaker 2: Wells Fargo, Bank of America, Chase, or Citizens Trust Bank,
Speaker 2: Unity Bank and you say, I want to buy this
Speaker 2: piece of land, I would like to build a home
Speaker 2: on it, and I would like to sell it. They've
Speaker 2: got the best rates that it's the hardest to get,
Speaker 2: so you're going to need to speak to multiple lenders,
Speaker 2: and you're going to do best by starting with a
Speaker 2: bank that you already have a relationship with. So this
Speaker 2: goes without saying, before you try your hand at investing
Speaker 2: in any land, you should be credit worthy. You should
Speaker 2: have an exceptional credit score. You should have money and
Speaker 2: savings in the bank. At least, you know, twenty five
Speaker 2: percent of your disposable income should be saved in the
Speaker 2: bank before you start buying land and investing in this way. Yes,
Speaker 2: you can buy affordable land at affordable prices cash outright,
Speaker 2: and if that's the strategy you want to do, by
Speaker 2: all means do it. But if you're going to do
Speaker 2: a development project of scale, you're going to need institutional funding.
Speaker 2: And to get the best rates and to even be
Speaker 2: considered by a traditional lender, you are going to need
Speaker 2: exceptional credit and experience that track record. Again, there's ways
Speaker 2: to get around it if you don't have a track
Speaker 2: record and no one on your team has a track record.
Speaker 2: By partnering strategically with your constructor your excuse me, your builder,
Speaker 2: your developer, speak with multiple lenders. Set up your LLC again,
Speaker 2: talk to that strategy, that business consultant, that strategist, that
Speaker 2: business attorney. Put your LLC into position by having the best,
Speaker 2: most credit worthy people on your LLC, people who have
Speaker 2: experience in maybe they have been a general contractor if
Speaker 2: you have someone in your family or in your friend group,
Speaker 2: use the people who are in the best position to
Speaker 2: be able to go after institutional funding. If you do that,
Speaker 2: seller financing is the better option if you know you'd
Speaker 2: have less than perfect credit.
Speaker 3: No ash, hold on ask because we got to hear that.
Speaker 3: We gotta hear that. The good folks that zoom something
Speaker 3: your sound kIPS going in and.
Speaker 4: Out, they're trying to sensor you like your sound your asking,
Speaker 4: can you repeat that because your sound yourself is cutting
Speaker 4: off like every like ten minutes for like a minute.
Speaker 5: I don't know.
Speaker 4: I don't know what's going on, but can you can
Speaker 4: you start back at the beginning of seller financing please?
Speaker 3: We can't. We can't let that go on muted.
Speaker 2: Yes, I apologize. I probably have an unstable internet connection.
Speaker 4: It's all good any anytime, anytime. Let you do that again,
Speaker 4: because we don't want anybody to miss any information. Like
Speaker 4: when your sound goes out, we'll just start talking because
Speaker 4: it's usually like only for like thirty seconds, So then
Speaker 4: we'll start talking and then we could just bring you
Speaker 4: back into just so whenever you hear it start talking,
Speaker 4: just know that your sound cut out, and then we'll
Speaker 4: just bring you back in when your sound comes back on.
Speaker 3: Yeah, because I got my know to ash and I'm like, wait,
Speaker 3: what just happened?
Speaker 5: Get the information? Hook a crook man, that's a fact.
Speaker 3: Shout out to every Shout out to everybody that has
Speaker 3: their hand raise.
Speaker 5: We're gonna get to that.
Speaker 3: When Ashley fins with the presentation, we see the questions,
Speaker 3: We're gonna get to that, all.
Speaker 2: Right, bet seller financing. What I was saying is it's
Speaker 2: usually a better option because seller financing typically does not
Speaker 2: report to the credit bureaus. Sellers typically just want to
Speaker 2: get their money, and as long as you pay them,
Speaker 2: they have no reason to report to the credit bureaus.
Speaker 2: So that means your debt to income racial is not
Speaker 2: going to change because that debt that you have on
Speaker 2: that land is not going to be reported, so you
Speaker 2: know it, but nobody else is gonna know it. So
Speaker 2: seller financing means you could go and put loans out
Speaker 2: on twenty properties real quick and start flipping them on
Speaker 2: how you might see it as an opportunity, and your
Speaker 2: debt to income reach is not going to change, and
Speaker 2: you'll be able to move on your projects or get
Speaker 2: institutional funding as needed or additional credit cards as needed
Speaker 2: without these land deals being on your credit report and
Speaker 2: pulling your debt to income ratio to a lower score.
Speaker 2: So with seller financing is scamming season, so be careful.
Speaker 2: People will put a picture of a property up at
Speaker 2: like they are the seller and you go and you're like, oh,
Speaker 2: I just bought twenty five acres for five stacks, and
Speaker 2: you did not just buy twenty five acres for five stacks.
Speaker 2: So make sure you are doing your due diligence, that
Speaker 2: you're checking the tax records to make sure that the
Speaker 2: person who says that they are the owner the seller
Speaker 2: is the seller. Check with the listing agent, make sure
Speaker 2: that the listing agent is is an official broker. And
Speaker 2: you protect yourself in every former fashion by going through
Speaker 2: a closing attorney on your seller financing deal. That's how
Speaker 2: you cover your assets. Okay, don't go do a seller
Speaker 2: financing deal straight up, and you might not actually end
Speaker 2: up buying this land, unless, of course, you are again
Speaker 2: a season investor, a season real estate investor that's used
Speaker 2: to buying properties and putting deeds in at the text
Speaker 2: assessor's office and with the court in the county. If
Speaker 2: that's not you, you need a real estate agent and you
Speaker 2: need a close an attorney to ensure that your transaction
Speaker 2: with the seller goes through smoothly. Another note, with seller financing,
Speaker 2: or what's also known as owner financing, you negotiate with
Speaker 2: the You can negotiate what you want and they can
Speaker 2: negotiate what they need. So it could be a twenty
Speaker 2: percent down payment, it could be a fifty percent down payment.
Speaker 2: It can be a flat monthly rate of interest only
Speaker 2: with a balloon payment at the end. So make sure
Speaker 2: that you do good negotiating so that you get the
Speaker 2: best financing terms possible, so that you don't end up
Speaker 2: overpaying for this price of land. Because if that's the case,
Speaker 2: you hustling backwards. So negotiate. Make sure that you got
Speaker 2: your best negotiator doing the negotiating, and you don't lose
Speaker 2: your shirt because you're financing a an exorberate interest rate,
Speaker 2: you're putting too much money down. Any of those things
Speaker 2: can be a bad situation. So negotiate, negotiate, negotiate, and
Speaker 2: make sure final note that the owner owns the property
Speaker 2: the outright. Ideally, if the owner doesn't own the property outright,
Speaker 2: don't buy it. If the property itself has a mortgage
Speaker 2: on it, that's going to be more than the down
Speaker 2: payment you're going to pay, because when you pay that
Speaker 2: down payment, you want that down payment to clear the mortgage.
Speaker 2: No out that way, you can end up with the
Speaker 2: deed in your name. From that moment you leave the
Speaker 2: closing table, that deed being in your name means it's
Speaker 2: your property. You can get USDA farm benefits, you can
Speaker 2: get all of the things that you need. But as
Speaker 2: long as there's a mortgage on that property, in that
Speaker 2: seller's name. This deal is a no go in most states.
Speaker 2: You can't have a property and sell it while you
Speaker 2: still have a mortgage on it, So be mindful that
Speaker 2: that mortgage needs to get cleared, and if it can't
Speaker 2: get cleared, it needs to be assumed, and you need
Speaker 2: to go through the process of legally assuming that mortgage
Speaker 2: with the mortgage holder and do it the right way
Speaker 2: because you do not want to lose your money. Private
Speaker 2: money lenders highest interest rates, hands down, that's not the
Speaker 2: way to go if you can avoid it, but it's
Speaker 2: easier to get most cases. It's based on the deal.
Speaker 2: And you can also get private money from family and
Speaker 2: friends if you are lucky enough to have people who
Speaker 2: are financially Asstoote and who have savings and are interested
Speaker 2: and able to invest in deals like landdills and new
Speaker 2: construction opportunities. So if you have somebody in your circle,
Speaker 2: go get that private money first. Negotiate, negotiate, negotiate, win
Speaker 2: when right, And if you don't have private money of
Speaker 2: ail to you in your own personal network, you can
Speaker 2: go to a hard money lender. Hard money lenders are
Speaker 2: essentially borrowing the money of all the people in their network.
Speaker 2: To be able to make loans to you at exorberant
Speaker 2: interest rates. A good interest rate for somebody who has
Speaker 2: a pretty good credit score who wants to bus and
Speaker 2: move before their business has been in business for at
Speaker 2: least six months. Because typically all of these financing options,
Speaker 2: except for seller financing, you're gonna want to be in
Speaker 2: business for at least six months, unless you are doing
Speaker 2: a farming business in which you can use a USDA
Speaker 2: startup loan to fund your land purchase and your farming
Speaker 2: operational expenses. But otherwise you are going to need to
Speaker 2: have been in business for at least six months, unless
Speaker 2: you're again going with a hard money lender. If not
Speaker 2: your heart, your heart money lender is going to look
Speaker 2: at the credit score of the primary or the managing partner.
Speaker 2: If that person has like a seven hundred credit score
Speaker 2: or better, you don't have to have been in business
Speaker 2: for six months. Again, Typically the deal will dictate the
Speaker 2: private money lenders situation where you might not need to
Speaker 2: have good credit, but you definitely need to go and
Speaker 2: have these conversations again negotiating with your private money lenders.
Speaker 2: My favorite private money lender is direct lending Partners. They
Speaker 2: typically do not do deals on land. Most private money
Speaker 2: lenders or hard money lenders do not do deals on
Speaker 2: just land. But again, this is America. Anything is possible
Speaker 2: when you negotiate and open your mouth. Crowdfunding less hoops,
Speaker 2: less successful crowdfunding. When we started our when we decided
Speaker 2: to purchase land and we were looking at Toomsboro, we
Speaker 2: went on to go fund me and we looked and
Speaker 2: seen about fifteen or twenty crowdfunding campaigns of people trying
Speaker 2: to fundraise the one point seven million dollars for the
Speaker 2: city of Toombsboro. Right, crickets on all of the on
Speaker 2: all of the crowdfunding like, nobody raised more than like
Speaker 2: a thousand dollars on any of these crowdfunding website on
Speaker 2: this GoFundMe. So crowdfunding, while everybody gets really excited about
Speaker 2: it as an option, it's not usually successful unless you're
Speaker 2: very strategic and you have a huge marketing campaign and
Speaker 2: a great story. We were able to raise over eighty
Speaker 2: seven thousand, We're almost close to our eighty eight thousand
Speaker 2: dollars goal. And we used that as a kind of
Speaker 2: like a building fun where we were able to clear
Speaker 2: our land and put down gravel and you know, lay
Speaker 2: down areas for us to do our uh pavilions and
Speaker 2: our stages and all those types of things. And so
Speaker 2: that was a long and hard process to raise eighty
Speaker 2: eight thousand dollars and we still haven't reached our goal.
Speaker 2: So I crowdfunding is an option. It doesn't take a
Speaker 2: lot other than a strong story and marketing campaign, but
Speaker 2: they don't tend to go as far or be as
Speaker 2: successful as you would like them to be. And it
Speaker 2: takes a ton of money to be able to genuinely
Speaker 2: develop large projects, especially when they don't have, you know,
Speaker 2: connection to certain infrastructure. So crowdfunding is definitely a later choice.
Speaker 2: And then there is regulation crowdfunding, which you can raise
Speaker 2: up to one million and seventy thousand dollars. I'm not
Speaker 2: very familiar with crowdfunding, and I would love if Troy
Speaker 2: and Rashad could get somebody who has done some crowdfunding
Speaker 2: in the EYL University at some point, because.
Speaker 4: Yeah, yeah, we did Chrisinegal Chrisinegal, and I'm sure he'll
Speaker 4: come back again and get he could do it.
Speaker 5: We can do a class on crowdfunding for sure.
Speaker 2: Yeah.
Speaker 4: Yeah, he had a very he had a very successful
Speaker 4: crowdfunding campaign that they raised over a million dollars.
Speaker 2: See what I'm saying. So we I can't speak to that,
Speaker 2: but that right there, this is how we really start
Speaker 2: to develop land. Deal. So that's something that you guys
Speaker 2: are gonna come back, have to become earners and come
Speaker 2: back and get this class when it comes. All right,
Speaker 2: So let's get to the bill. The discovery period. There's
Speaker 2: a master planning period, there's a design phase of construction
Speaker 2: and marketing. Discovery starting from scratch means you need to
Speaker 2: discover the limitations and the restrictions of the land. I
Speaker 2: saw somebody in the comments say something about feasibility studies.
Speaker 2: That's this moment of discovery. Right. You can do a
Speaker 2: feasibility study before you buy the land, but that's a
Speaker 2: whole lot of money to put into something and then
Speaker 2: decide not to buy it or go forth. If you
Speaker 2: study the area, you do your due diligence, you know
Speaker 2: what's happening in the community, You've got a clear vision
Speaker 2: when you purchase that land. You can do your feasibility
Speaker 2: study after the fact. Because developing land is really a
Speaker 2: lengthy process. It's not an overnight success type situation. It's
Speaker 2: going to cause for a civil engineer to come in
Speaker 2: to study the grating and the slopes of the land.
Speaker 2: There's gonna be someone who goes and drills into the
Speaker 2: dirt to see how much weight the dirt can withstand,
Speaker 2: so you know how high you can build and what
Speaker 2: you can build, and what kind of materials there's gonna
Speaker 2: be best based on the climate. I'm skipping ahead, but
Speaker 2: ultimately this discovery period is where you're gonna get your
Speaker 2: topographical survey done and you're gonna want to understand the
Speaker 2: demographics of the area. Again, what the median income is,
Speaker 2: are people graduating from college? Is the crime rates high?
Speaker 2: All of that good stuff. So that is your discovery period,
Speaker 2: your master planning period. This is where you're a person
Speaker 2: that you hired as your master planner looks at where
Speaker 2: we're gonna put everything at the infrastructure and the roads.
Speaker 2: Ingress and egress means how you go into the neighborhood,
Speaker 2: how you go out of the neighborhood, how you go
Speaker 2: into your driveway, how you go out of your driveway,
Speaker 2: waste management, stormwater runoff. They're gonna plan all of these things.
Speaker 2: You are not the person that does that. There's a
Speaker 2: master planner, a developer or architect, a civil engineer. There
Speaker 2: are a team of experts that sit down and do
Speaker 2: your master planning if you're doing a large scale project.
Speaker 2: If you're doing a smaller scale project, you still need
Speaker 2: the same people, but you might be able to work
Speaker 2: with a boutique company that has two, three, four people.
Speaker 2: Maybe we're in the same ernest.
Speaker 5: What's up?
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Speaker 2: Hats, but master planning happens. Nonetheless, master planning can cost
Speaker 2: anywhere from one hundred and fifty dollars to seven fifty
Speaker 2: an hour, depending on the experience of the master planner,
Speaker 2: and so you could be looking again depending on the
Speaker 2: amount of the pri acreage of the project. Are we
Speaker 2: talking about developing ten acres of land one acre of land?
Speaker 2: Are we talking about developing four hundred acres of land?
Speaker 2: That master plan to lay out those streets, those roads,
Speaker 2: all all of that designed from the information they got
Speaker 2: in discovery, from that topography report. They're gonna do all
Speaker 2: of that and it can cost anywhere from ten to
Speaker 2: fifty thousand or more depending on how much land you
Speaker 2: are getting planned and who the planner is. Design phase
Speaker 2: Designing is the next step to your development process. This
Speaker 2: goes beyond that initial discovery phase intto building homes and
Speaker 2: structures and retail and commercial based on the climate the area,
Speaker 2: the needs of the citizens. Areas that are prone to
Speaker 2: like tornadoes and hurricanes, they will require different kind of
Speaker 2: building materials than places that are by and don't have
Speaker 2: those type of climate changes and issues. So all of
Speaker 2: that can increase the cost of what you're designing. And
Speaker 2: this is where you can make a lot of money
Speaker 2: or lose a lot of money because you can overly
Speaker 2: design and you design something that's too high end for
Speaker 2: the area, and now you're not selling because it was
Speaker 2: not the kind of design for this neighborhood. Community and culture.
Speaker 2: Purchasing land where there's wetlands, deep valleys, other topic, graphical challenges.
Speaker 2: That's going to create larger budgets because now you're talking
Speaker 2: about building bridges and how you lay in your foundation.
Speaker 2: So all of that stuff is a part of the
Speaker 2: design fast and it's going to create and have a
Speaker 2: certain budget that will change according to the complexity of
Speaker 2: the design and the uh, what's the word I want
Speaker 2: to use, the style, the aesthetic of it. Okay, construction
Speaker 2: This is the second to the last stage of the
Speaker 2: rawland development process. In most cases, it's gonna be the first.
Speaker 2: Your horizontal development. That's the grading of your roles, that's
Speaker 2: the curves, that's utilities. Eventually you know you're gonna start
Speaker 2: building the property from the ground up. When you looking
Speaker 2: for a contract or your construction team, they're gonna get
Speaker 2: paid in increments from your construction loan and once they
Speaker 2: have gotten all of the construction done, you're ready to
Speaker 2: go onto the next phase. And construction again can take
Speaker 2: longer timeframes based on the complexity of the design, the
Speaker 2: materials chant leaks in the supply chain or of trying
Speaker 2: to get certain materials to you. If you have certain
Speaker 2: materials that you are using because you're committed to green building,
Speaker 2: or you have a high end design, all of that
Speaker 2: can lead to higher budgets and costs. When you're looking
Speaker 2: for a contractor or contractors. You can google what state,
Speaker 2: what city you're in. If you want to hire you
Speaker 2: know a minority contractor, a black contractor. Google that put
Speaker 2: Georgia Minority Contractors Association, put Florida Black Chamber of Commerce,
Speaker 2: put DC Business League into the results. Call them up
Speaker 2: and find a reputable contractor if you don't already have
Speaker 2: someone you know. In branding and marketing, that's the last
Speaker 2: stage once you've gotten your building done. Before you've gotten
Speaker 2: your buildings done to be perfectly honest, branding and marketing
Speaker 2: is what's going to sell this community that you just
Speaker 2: invested your time, energy and money into. Branding is how
Speaker 2: you sell, tell the story of why you built it,
Speaker 2: and attract your ideal residents to the community. And marketing
Speaker 2: is the active placement of materials and formats that will
Speaker 2: allow them to see that story and get that story
Speaker 2: in front of the masses so i can show you
Speaker 2: better than I can tell you. And I'm going to
Speaker 2: take you to a community right here in Georgia that's dope.
Speaker 2: In marketing, this is called Trillist. This is a community
Speaker 2: that's been being built over the last ten years. It's
Speaker 2: actually a community that was founded by a production studio
Speaker 2: called pine Wood Studios. It's in Fayetteville, Georgia. This marketing
Speaker 2: is what attracts their ideal client. Their values is what
Speaker 2: attracts their ideal client. The community that they are building
Speaker 2: is for makers, entrepreneurs and storytellers where they can for
Speaker 2: fine fulfillment in every way. This is branding a community
Speaker 2: tailor made for storytellers. Well, it was a studio that
Speaker 2: purchased land built it up, similar to what Tyler Perry
Speaker 2: did when he purchased land in East Point to build
Speaker 2: Tyler Perry's studios. They built a community that's that economic development.
Speaker 2: It's got restaurants in there, homes and so when you
Speaker 2: are considering land development and what you're buying, things happen
Speaker 2: in phases. And so I wanted to show you this
Speaker 2: because when you start talking about doing a land project,
Speaker 2: you have to have vision and you have to know
Speaker 2: where you're going. So I wanted to show you guys
Speaker 2: Trellis and I'm going to show you got close that door,
Speaker 2: please star, thank you, Yes and Sarambi, Georgia. Again marketing,
Speaker 2: it just looks like the kind of place where you
Speaker 2: want to live. Right, They got goats. So when you
Speaker 2: start thinking about your project, begin with the end in mind,
Speaker 2: and think about who's going to live here, and build
Speaker 2: for them, and build in a way that the story
Speaker 2: is compelling. That's what we're doing with Freedom Georgia. All
Speaker 2: right now, I'm going to take you guys to the
Speaker 2: final stage, and I got three minutes before we go
Speaker 2: to questions, some insight and inspiration. Don't wait for opportunities
Speaker 2: to come, get up and make them, Madam CJ. Walker.
Speaker 2: The charter chartering a city. Listen, if you are interested
Speaker 2: in chartering a city, hit me up. But the reality is,
Speaker 2: as we begin to be more strategic and work these
Speaker 2: ideas and principles of group economics and collective economics, and
Speaker 2: we're building collectively communities that are safe, that are thriving,
Speaker 2: the logical next step is a city charter. A city
Speaker 2: charter is going to open you up for benefits that
Speaker 2: will give you more control over your community long term.
Speaker 2: When it comes to how your community is developed, police,
Speaker 2: the zoning, the ordinances, the health outcomes, how money that
Speaker 2: gets sent down from the federal government to the state
Speaker 2: government gets distributed is based on these cities and their
Speaker 2: populations and density. So we really got to look at
Speaker 2: how being a city and taking these developments where we're
Speaker 2: building our own infrastructure, building our own culture of shared
Speaker 2: value values. Then we turn go to the next step,
Speaker 2: which is a city charter and electing officials who are
Speaker 2: going to represent our values and do what's best for
Speaker 2: the residents that live in this city. This is called placemaking,
Speaker 2: is what we're doing. It's not just about land developing.
Speaker 2: This is about making places where people feel safe, where
Speaker 2: people have peace, protection, prosperity, and a city is a
Speaker 2: government structure that allows that to actually happen. So that's
Speaker 2: our next step. That's what we're going with this. So
Speaker 2: get strategic, work together with your comrades, with your partners,
Speaker 2: with your like minded business folks in the area, get
Speaker 2: with your economic development authority, get with your black Chambers
Speaker 2: of commerces, and let's start building these cities according to
Speaker 2: our needs, our design. This is how we be strategic.
Speaker 4: That was powerful, Thank you, Thank you. That was That
Speaker 4: was an amazing presentation. So I don't want people to
Speaker 4: take that lightly. It's like, you know, for all the
Speaker 4: years that we go to school, whether it's elementary, high school, college,
Speaker 4: even master degree programs, me personally. I never, you know,
Speaker 4: was taught the process of buying land and this stuff is.
Speaker 4: You would think that this would be one of the
Speaker 4: key things that would consist of an educational experience because
Speaker 4: we all have to live somewhere and land is the
Speaker 4: key component of the planet Earth. And it never, it
Speaker 4: never was actually taught to ninety nine percent of us.
Speaker 4: So it's amazing that you were able to come on
Speaker 4: here and teach this, and we're thankful, so thank you
Speaker 4: for that. And you know, it's also amazing that we
Speaker 4: was able just to even have this platform to actually
Speaker 4: educate people. And it's a very encouraging thing and I'm
Speaker 4: sure everybody is extremely appreciative of it, but do not
Speaker 4: take it for granted. Sometimes when you when you get
Speaker 4: things and it's free, you don't fully appreciate it. But
Speaker 4: it's like, you know, this could have been Harvard, this
Speaker 4: could have been Yale, this could have been any any.
Speaker 5: Level of education.
Speaker 4: I would uh, I would argue that this was this
Speaker 4: was right up there and better than when anybody else
Speaker 4: could have done, whether Oxford, anywhere in the world. So
Speaker 4: that's that's extremely powerful. And now, like I said, this
Speaker 4: kind of information can literally change the trajectory of our
Speaker 4: you know, existence in this country and is something that
Speaker 4: we have not known about for hundreds of years, for centuries.
Speaker 4: So now that we're coming into this information, it's important
Speaker 4: that a we learn as much as possible, we apply it,
Speaker 4: and also we work together as a group. So yeah,
Speaker 4: that's that's something that is extremely extremely powerful.
Speaker 5: So once thank you. So what we're gonna what.
Speaker 4: We're gonna go into now is question answers for about
Speaker 4: twenty minutes. So once again, if anybody joined late, this
Speaker 4: is a special edition of eyl University, so once a month,
Speaker 4: every single month. So with eyl University, we're educational platform.
Speaker 4: Outside of what you see on the podcast. The podcasts
Speaker 4: are episodes where you learn a lot. This is more
Speaker 4: of a hands on learning experience. So every single Wednesday
Speaker 4: at eight o'clock Eastern Standard time, we bring experts from
Speaker 4: the field in and they teach a class via zoom
Speaker 4: and it's on everything everything from how to wholesale real estate,
Speaker 4: to how to analyze the real estate, they'll investing, cryptocurrency,
Speaker 4: you name it.
Speaker 5: We've had a class and we're going to have more classes.
Speaker 4: And then that's every week and then every other Sunday
Speaker 4: is our book club headed up by Troy, and then
Speaker 4: the alternate Sunday is MG no mortgage guy. He has
Speaker 4: a real estate call and then once a month I
Speaker 4: do a financial planning call. So those are all the
Speaker 4: things that are in existence of Eyo University now right now.
Speaker 4: But as I said, we're actually we're putting Eyo University
Speaker 4: the undergrad department as you know it. We're gonna we're
Speaker 4: gonna end it. This is this will be the last
Speaker 4: week of Eyo University as you know it. We're taking
Speaker 4: a win a break for two weeks and then we're
Speaker 4: coming back in twenty twenty one. We're coming back in
Speaker 4: twenty twenty one with a whole new, revamped product. We're
Speaker 4: gonna have a professor series where we're bringing in experts
Speaker 4: to teach classes four times a year. So it's not
Speaker 4: just gonna be one off because sometimes it's hard to
Speaker 4: learn with just a one off class.
Speaker 5: So we're gonna do four different classes. Business is gonna.
Speaker 4: Teach about taxes, ash cash, You gonna teach about financial literacy.
Speaker 4: Brandon Rule will teach about real estates, so Being will
Speaker 4: teach about all things legal. Quentin Martin will be our
Speaker 4: investor teacher kwame uncle will teach about a variety of
Speaker 4: different business topics and credit. We will teach about.
Speaker 5: The world of credit.
Speaker 4: And actually I heard might be interested in being a
Speaker 4: professor also, So I don't want to put her on
Speaker 4: the spot.
Speaker 2: But I've been there. I already said I am down.
Speaker 4: So I'm about let me ask you this, because you're
Speaker 4: a member of euy University, how has your experience been
Speaker 4: so far?
Speaker 5: You just joined a couple days ago. Behind you, it
Speaker 5: was not a couple.
Speaker 2: Of days ago. It's been a couple of weeks. Thank
Speaker 2: you very much. You trying to play me like I
Speaker 2: just signed up, Like I just jumped on your bandwagon. Okay,
Speaker 2: I actually signed up after I did the first e
Speaker 2: y L University with y'all. One of my partners, Greg Mullen,
Speaker 2: shout out to.
Speaker 7: Him, shout the shout out to calv He's also earner.
Speaker 7: So I was like, oh, I can't have Kevin and
Speaker 7: Greg getting all this good information without me.
Speaker 2: So yeah, it's been a great ex experience. Like I've
Speaker 2: just been going hard in the real estate section. But
Speaker 2: it's like so many classes, Like I'm not even like
Speaker 2: it's too much I'm like, it's a lot, Like it's stuff.
Speaker 2: I've watched two classes. I literally sat there like taking notes,
Speaker 2: and I was blown away by the level of information
Speaker 2: and insight that I was able to get. As somebody
Speaker 2: who know a little something, you know, I still was
Speaker 2: able to learn, which is really cool.
Speaker 3: Yeah, we're gonna we always, We're always gonna over deliver
Speaker 3: an under promise.
Speaker 5: That's that's all.
Speaker 3: That's kind of how we live in right now.
Speaker 5: And it's like the.
Speaker 4: Most the most successful people always are investing themselves in
Speaker 4: for Actually, obviously she's an extremely intelligent person and she's like, yo,
Speaker 4: I want to be an earner.
Speaker 5: I'm not. I'm not above being a member of Eyo University.
Speaker 5: And she joined. I didn't even know she was joining.
Speaker 4: She joined and she became a member and she she's
Speaker 4: studying herself. So that's that's dope, and that's that says
Speaker 4: a lot. So thank you for that. So we're going
Speaker 4: to get to question. But before we do, like I
Speaker 4: said this, this is the last thing that we're gonna
Speaker 4: do for Eyle University this uh this year.
Speaker 5: On Monday, we're changing it and then we're gonna come
Speaker 5: back January first. If you're interested in joining Eyo University.
Speaker 5: Like I said, we're revamping this whole thing. We with
Speaker 5: the revamp, everything is changing, including the price. The price
Speaker 5: is gonna double because we have we're paying professors now,
Speaker 5: we got a full time admin. Everything is changing. We're
Speaker 5: really really taking us to the next level. If you
Speaker 5: joined today, it's forty percent off, which is four four
Speaker 5: hundred dollars for the entire year, including seventy classes, all
Speaker 5: stuff I just named your grandfathered them for that price
Speaker 5: next year. And yeah, so this is the last forty
Speaker 5: eight hours. You got forty eight hours before that changes.
Speaker 5: So if you're interested, I pinned it in YouTube. It's
Speaker 5: eyl university dot com into promo code freedom at the
Speaker 5: end at checkout. And I mean, like, realistically, four hundred dollars,
Speaker 5: that's like a that's a good dinner with two people
Speaker 5: in New York City.
Speaker 4: That's a good dinner, two people, a bottle of wine.
Speaker 4: So to have this level of education, I think that
Speaker 4: we there's nothing comparable to it, especially for that price point.
Speaker 4: I mean, people charge ten thousand dollars, nine thousand dollars
Speaker 4: for that level of education for a lot less, a
Speaker 4: lot less actually.
Speaker 3: I always say, man, there's no platform that has this
Speaker 3: much information in so many different areas.
Speaker 6: Man.
Speaker 3: So, like you said, this is this is in college.
Speaker 3: This is like two textbooks that you're not even gonna
Speaker 3: use because they're gonna give you a new version of
Speaker 3: it the next semester.
Speaker 5: So Ashley.
Speaker 4: Ashley's presentation was a book that was actly like a book,
Speaker 4: like if you if you put that in book form,
Speaker 4: that's about one hundred and forty.
Speaker 3: Pages, and that was a scaled down version.
Speaker 5: Yeah that's crazy, that's crazy.
Speaker 4: So so yeah, we're interested in having all you guys
Speaker 4: join is Pinned.
Speaker 5: I'll put it back into YouTube.
Speaker 4: It's Eyo University into promo code Freedom, and the price
Speaker 4: will be doubling. It's the first time the price is
Speaker 4: ever doubled. But we can do that in good conscious
Speaker 4: because we're giving you a heads up. So we're giving
Speaker 4: you a heads up that the price is doubling. In
Speaker 4: two days.
Speaker 8: My graduates from my school being forced bad drop.
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Speaker 2: What changed for the team today?
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Speaker 3: Are you saying it was the off field play that
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