1 00:00:00,160 --> 00:00:03,120 Speaker 1: Hi, I'm Rashan McDonald, a host of weekly Money Making 2 00:00:03,120 --> 00:00:07,160 Speaker 1: Conversation Masterclass show. The interviews and information that this show 3 00:00:07,200 --> 00:00:10,120 Speaker 1: provides are for everyone. It's time to stop reading other 4 00:00:10,119 --> 00:00:13,520 Speaker 1: people's success stories and start living your own. If you 5 00:00:13,520 --> 00:00:15,840 Speaker 1: want to be a guest on my show, please visit 6 00:00:15,880 --> 00:00:19,599 Speaker 1: our website, Moneymakingconversation dot com and click to be a 7 00:00:19,640 --> 00:00:22,760 Speaker 1: guest button. Now let's get to our guests. My guest 8 00:00:22,800 --> 00:00:26,400 Speaker 1: is a real estate entrepreneur, financial strategists and host of 9 00:00:26,760 --> 00:00:31,000 Speaker 1: Less Talk real Estate. He's also the author under newly 10 00:00:31,080 --> 00:00:34,400 Speaker 1: published number one I'm Telling book on number one on 11 00:00:34,479 --> 00:00:38,720 Speaker 1: Amazon under real estate and Sales, the real Estate well 12 00:00:38,960 --> 00:00:43,080 Speaker 1: creator Blueprint Key's to overcoming fear, lack of money, and 13 00:00:43,200 --> 00:00:46,480 Speaker 1: inexperience to possess real estate. Please work with the Money 14 00:00:46,520 --> 00:00:51,320 Speaker 1: Making Conversation Masterclass. Dexter B Jenkins. Now, Dexter, don't say 15 00:00:51,360 --> 00:00:53,959 Speaker 1: nothing now, but you got to tell me, how did 16 00:00:53,960 --> 00:00:56,520 Speaker 1: it feel to have the number one book on Amazon? 17 00:00:58,160 --> 00:01:00,400 Speaker 2: I would tell you, after all, it took me, are 18 00:01:00,480 --> 00:01:03,360 Speaker 2: you to write that book? So after twelve months of 19 00:01:03,440 --> 00:01:04,600 Speaker 2: work it felt good? 20 00:01:05,120 --> 00:01:07,720 Speaker 1: Okay, Now we talk about faith. Now, Now there was 21 00:01:07,760 --> 00:01:09,920 Speaker 1: a lot of prayer to that book that got you there, 22 00:01:10,360 --> 00:01:13,039 Speaker 1: a lot of a lot of writing and all. 23 00:01:13,880 --> 00:01:15,959 Speaker 2: It was a mixture of both so that you know, 24 00:01:16,200 --> 00:01:18,480 Speaker 2: the prayer faith that our works is dead. So it was. 25 00:01:21,000 --> 00:01:23,640 Speaker 1: Yes, sir, yes, ill not to get it done. Well, 26 00:01:23,680 --> 00:01:26,520 Speaker 1: congratulations man on having this book. And if you're ready 27 00:01:26,560 --> 00:01:28,160 Speaker 1: to get this interview started, I'm ready. 28 00:01:28,360 --> 00:01:28,880 Speaker 2: I'm ready. 29 00:01:29,319 --> 00:01:31,200 Speaker 1: You said a couple of things in the opening. I 30 00:01:31,240 --> 00:01:34,479 Speaker 1: want to jump right back into it. You know, overcoming fear. 31 00:01:34,840 --> 00:01:37,680 Speaker 1: You know, why did you have that? Because I got 32 00:01:37,680 --> 00:01:41,440 Speaker 1: that directly from the information you sent to me. It's 33 00:01:41,560 --> 00:01:45,440 Speaker 1: buying property, it's houses, there's lots that are empty. Why 34 00:01:45,440 --> 00:01:47,200 Speaker 1: would that be overcoming fear? 35 00:01:48,080 --> 00:01:52,640 Speaker 2: Well, because I think real estate is probably the in 36 00:01:52,720 --> 00:01:55,640 Speaker 2: most people's cases, is the is the largest purchase they're 37 00:01:55,680 --> 00:01:58,120 Speaker 2: ever going to make. You know, I don't care where 38 00:01:58,320 --> 00:02:00,720 Speaker 2: what you are. So if you're by me, I'm a 39 00:02:00,760 --> 00:02:03,520 Speaker 2: Boston mass Chusett man. The media and the house price 40 00:02:03,520 --> 00:02:06,880 Speaker 2: and mass Chusetts just went over six hundred thousand dollars, 41 00:02:08,280 --> 00:02:11,480 Speaker 2: So for the most part you're looking at I am 42 00:02:11,520 --> 00:02:15,400 Speaker 2: about to make a purchase for six hundred thousand dollars, 43 00:02:15,600 --> 00:02:17,919 Speaker 2: and maybe I've never done it before, and so that's 44 00:02:17,919 --> 00:02:20,680 Speaker 2: why I believe fear is the biggest thing you tell 45 00:02:20,720 --> 00:02:24,000 Speaker 2: people overcome and you overcome that through education, you overcome 46 00:02:24,000 --> 00:02:26,960 Speaker 2: that through networking and things that nature. And so that's 47 00:02:27,000 --> 00:02:30,640 Speaker 2: why we attack fear first, because if you can get 48 00:02:30,680 --> 00:02:34,720 Speaker 2: past the fear and purchase your first house, brother Sham, 49 00:02:35,000 --> 00:02:36,440 Speaker 2: I believe it is life changing. 50 00:02:37,240 --> 00:02:42,040 Speaker 1: Okay, cool. We know you're religious man. You have a church, yes, 51 00:02:42,080 --> 00:02:47,640 Speaker 1: and you know you speak to them and so faith 52 00:02:47,720 --> 00:02:50,799 Speaker 1: has a role in your life that every person may 53 00:02:50,840 --> 00:02:53,040 Speaker 1: not have. Okay, But so I have to bring that 54 00:02:53,160 --> 00:02:55,680 Speaker 1: up first because a lot of people are conflicted with 55 00:02:55,840 --> 00:02:59,080 Speaker 1: faith and business. And I remember I asked Jilanda Adams 56 00:02:59,080 --> 00:03:02,400 Speaker 1: about that, the difference between faith and business. She said, Richard, 57 00:03:02,480 --> 00:03:04,520 Speaker 1: there the one and the same. So when I have 58 00:03:04,560 --> 00:03:09,359 Speaker 1: to ask you, Dexter B. Jenkins, you ephasize the role 59 00:03:09,400 --> 00:03:11,920 Speaker 1: of faith in real estate and wealth creation. Can you 60 00:03:11,960 --> 00:03:15,959 Speaker 1: elaborate on how faith intersects with financial success based on 61 00:03:16,080 --> 00:03:16,640 Speaker 1: your experience? 62 00:03:16,919 --> 00:03:17,280 Speaker 3: What? What? 63 00:03:17,280 --> 00:03:18,960 Speaker 2: What? Will go back to what you know? You mentioned 64 00:03:19,000 --> 00:03:21,600 Speaker 2: Elanda Adams, who I've never met, but I know obviously 65 00:03:21,639 --> 00:03:24,280 Speaker 2: able and most people know who she is. Right, but 66 00:03:24,400 --> 00:03:27,080 Speaker 2: she's she's right on point in that the only the 67 00:03:27,120 --> 00:03:30,000 Speaker 2: only people who separated. Faith and money were for people. 68 00:03:30,120 --> 00:03:33,400 Speaker 2: God never did. So if you go to his manual, 69 00:03:33,440 --> 00:03:36,160 Speaker 2: which for us is the Bible, you know, but Jesus 70 00:03:36,160 --> 00:03:42,200 Speaker 2: spoke more on money than anything else. So from that perspective, 71 00:03:43,200 --> 00:03:45,720 Speaker 2: there's no difference. Now, I think a lot of times, 72 00:03:45,760 --> 00:03:47,520 Speaker 2: you know, there have been some misquoted scriptures, you know, 73 00:03:48,480 --> 00:03:50,840 Speaker 2: one Timothy chapter six, the money is the root of 74 00:03:50,840 --> 00:03:53,360 Speaker 2: all evil, which the scripture said, the love of money. 75 00:03:53,880 --> 00:03:55,840 Speaker 2: And then you know, you hear people talk about, you know, 76 00:03:55,920 --> 00:03:57,920 Speaker 2: what does a profit a man to gain the whole 77 00:03:57,960 --> 00:04:00,000 Speaker 2: world and losing soul and so and some of us, 78 00:04:00,120 --> 00:04:02,920 Speaker 2: and those are valid points. What God just wants you 79 00:04:03,000 --> 00:04:05,840 Speaker 2: to keep him first in everything that you do. So 80 00:04:06,160 --> 00:04:08,120 Speaker 2: if you keep him first, he has no problem. But 81 00:04:08,200 --> 00:04:12,520 Speaker 2: when you start talking about real estate, real estate is 82 00:04:12,560 --> 00:04:16,360 Speaker 2: a major theme in the Bible, starting in Genesis chapter one, 83 00:04:16,000 --> 00:04:19,440 Speaker 2: where we see God is the original developer. He looks 84 00:04:19,480 --> 00:04:22,279 Speaker 2: out there and he sees darkness, and then what he 85 00:04:22,320 --> 00:04:24,920 Speaker 2: does is he speaks lighter than he begins to. He spends, 86 00:04:24,920 --> 00:04:28,520 Speaker 2: he begins to develop. I love it. And then you 87 00:04:28,600 --> 00:04:30,679 Speaker 2: go and you look at you know, he was sending 88 00:04:30,720 --> 00:04:33,160 Speaker 2: Abraham to a land and then a promise and then 89 00:04:33,160 --> 00:04:35,919 Speaker 2: to Didjew they were going to a land, and so 90 00:04:36,200 --> 00:04:38,760 Speaker 2: there's a major theme in the Bible of the land, 91 00:04:39,279 --> 00:04:41,080 Speaker 2: and so I was just trying to pull that out 92 00:04:41,160 --> 00:04:44,120 Speaker 2: in the scripture from scripture in the book that you know, 93 00:04:44,200 --> 00:04:46,920 Speaker 2: God was the original developer, and that you know, there 94 00:04:46,960 --> 00:04:51,080 Speaker 2: should be no conflict with individuals with with them desiring 95 00:04:51,120 --> 00:04:54,240 Speaker 2: to own real estate and then you know, obviously desiring 96 00:04:54,279 --> 00:04:56,480 Speaker 2: to be spiritual on whatever left. Like obviously we said, 97 00:04:56,600 --> 00:04:58,800 Speaker 2: we're coming from a Christian STANCEPRT. Now you may have 98 00:04:58,800 --> 00:05:01,760 Speaker 2: people who may not, or you may not, even who 99 00:05:01,800 --> 00:05:04,160 Speaker 2: may not even you know, that's not an area of 100 00:05:04,160 --> 00:05:06,960 Speaker 2: their life that they tend to go after. But whatever 101 00:05:07,000 --> 00:05:09,960 Speaker 2: it is, if you're looking at your faith and even 102 00:05:10,000 --> 00:05:14,560 Speaker 2: your just your your basic belief system, I believe you 103 00:05:14,680 --> 00:05:18,839 Speaker 2: have to let people understand that it's okay to desire wealth. 104 00:05:19,120 --> 00:05:20,599 Speaker 2: And that's why that's why I love what you do, 105 00:05:20,720 --> 00:05:23,640 Speaker 2: because these classes are really getting people to think, Okay, 106 00:05:24,600 --> 00:05:27,080 Speaker 2: it's okay for me to do that, and as long 107 00:05:27,080 --> 00:05:30,000 Speaker 2: as I'm moral and ethical about it, it's all good. 108 00:05:30,360 --> 00:05:35,200 Speaker 1: Okay. Your book, The Real Estate Wealth Creator Blueprint, What 109 00:05:35,279 --> 00:05:38,040 Speaker 1: is the purpose of that title, The Real Estate Wealth 110 00:05:38,160 --> 00:05:39,560 Speaker 1: Creator Blueprint? 111 00:05:39,920 --> 00:05:46,120 Speaker 2: Well, because all success leaves clues, you know, you know, 112 00:05:46,200 --> 00:05:49,640 Speaker 2: and so there's a there's a blueprint that I followed. 113 00:05:49,920 --> 00:05:52,159 Speaker 2: You know, I'm a second generation real estate investor. My 114 00:05:52,240 --> 00:05:56,120 Speaker 2: dad was a was a guy who grew up in 115 00:05:56,160 --> 00:06:00,039 Speaker 2: a small town called Saint Stephen, South Carolina, and and 116 00:06:00,240 --> 00:06:03,000 Speaker 2: migrated up to New Haven, Connecticut, where he was a 117 00:06:03,040 --> 00:06:06,719 Speaker 2: barber for sixty years. But dad always taught me the 118 00:06:06,760 --> 00:06:11,159 Speaker 2: importance of owning where you live and owning where you 119 00:06:11,240 --> 00:06:12,160 Speaker 2: have your business. 120 00:06:13,600 --> 00:06:15,000 Speaker 1: Got it sub state? 121 00:06:15,320 --> 00:06:17,320 Speaker 2: Yeah, yeah, so that's real estate. So you know, the 122 00:06:17,360 --> 00:06:19,120 Speaker 2: house I grew up in, you know, from the time 123 00:06:19,160 --> 00:06:21,160 Speaker 2: I was eight to the time I still own now 124 00:06:21,240 --> 00:06:24,040 Speaker 2: because I inherited that house, we still own that. It's 125 00:06:24,040 --> 00:06:26,920 Speaker 2: a two families. There's another commercial property that he left 126 00:06:26,920 --> 00:06:30,800 Speaker 2: for me that he worked out of for part twenty 127 00:06:30,880 --> 00:06:34,080 Speaker 2: five years or so, and so, you know, so that 128 00:06:34,240 --> 00:06:36,640 Speaker 2: was my blueprint, and so what I desired to do, 129 00:06:36,720 --> 00:06:38,479 Speaker 2: and then my wife and I have followed suit. So 130 00:06:38,520 --> 00:06:41,160 Speaker 2: since twenty sixteen, I mean, we've been involved in millions 131 00:06:41,160 --> 00:06:43,960 Speaker 2: of dollars of real estate transactions. And so what we 132 00:06:44,040 --> 00:06:46,000 Speaker 2: have done is laid out the blueprint that I really 133 00:06:46,000 --> 00:06:49,520 Speaker 2: got from my dad and other successful people who have 134 00:06:49,720 --> 00:06:51,239 Speaker 2: leveraged real estate to build wealth. 135 00:06:51,920 --> 00:06:54,960 Speaker 1: Okay, as we build wealth, and like you already said that, 136 00:06:55,440 --> 00:06:58,200 Speaker 1: you know, the medium household calls in the Boston area 137 00:06:58,240 --> 00:07:01,840 Speaker 1: six hundred thousand dollars, right, that means that sometimes you 138 00:07:01,880 --> 00:07:04,280 Speaker 1: may not have the money, right, so you need to 139 00:07:04,360 --> 00:07:08,159 Speaker 1: team up. Let's talk about that team, Dexter. That's that team, 140 00:07:08,200 --> 00:07:10,240 Speaker 1: because you talk about it in the book. Because a 141 00:07:10,280 --> 00:07:12,960 Speaker 1: lot of people that's part of the fear too, like 142 00:07:13,000 --> 00:07:16,520 Speaker 1: you said, not being able to afford the dream. How 143 00:07:16,560 --> 00:07:20,800 Speaker 1: does one put that team together and moving forward so 144 00:07:20,840 --> 00:07:24,080 Speaker 1: it won't later on get into any arguments about you 145 00:07:24,120 --> 00:07:26,000 Speaker 1: owe me this, you owe me this, I did all 146 00:07:26,040 --> 00:07:27,600 Speaker 1: the work. Talk about that, Dexter. 147 00:07:27,920 --> 00:07:31,240 Speaker 2: Well, I will say this, there is no full proof 148 00:07:31,400 --> 00:07:35,160 Speaker 2: way to say things won't happen down the line, right, 149 00:07:35,400 --> 00:07:38,000 Speaker 2: you know, to think about marriage, you know, we all 150 00:07:38,000 --> 00:07:42,120 Speaker 2: come to the altar, you know, with the right mindset 151 00:07:42,160 --> 00:07:45,520 Speaker 2: of to death do us part, and then stuff happened, 152 00:07:45,560 --> 00:07:47,320 Speaker 2: you know. And so I just think in any time 153 00:07:47,320 --> 00:07:50,400 Speaker 2: when two people come together or even sometimes even more, 154 00:07:50,880 --> 00:07:53,120 Speaker 2: you can't guarantee that. But I do think what help 155 00:07:53,360 --> 00:07:56,840 Speaker 2: happens is if you could do some vetting on the 156 00:07:56,920 --> 00:07:59,640 Speaker 2: front end I found brother Seana. People who have gotten 157 00:07:59,640 --> 00:08:03,280 Speaker 2: in trouble with partnerships is this first. First of all, 158 00:08:03,320 --> 00:08:06,080 Speaker 2: let's go back to even to even some people are 159 00:08:06,120 --> 00:08:09,560 Speaker 2: even afraid to partner because for the most part, we've 160 00:08:09,560 --> 00:08:12,680 Speaker 2: been trained to work independently, and particularly at our people. 161 00:08:12,840 --> 00:08:16,280 Speaker 2: I'm talking about black and brown folk, and there's a 162 00:08:16,360 --> 00:08:18,840 Speaker 2: lack of trust there. But you recognize you can get 163 00:08:18,880 --> 00:08:22,280 Speaker 2: more done through partnerships. You know, you and I are 164 00:08:22,360 --> 00:08:25,560 Speaker 2: are building partnerships and talking and other people don't build 165 00:08:25,560 --> 00:08:28,240 Speaker 2: a partnership with Well, we can do more together, and 166 00:08:28,280 --> 00:08:30,520 Speaker 2: so you So you got to break through that fear 167 00:08:30,560 --> 00:08:35,560 Speaker 2: of partnerships even entering into it. And then when you 168 00:08:35,679 --> 00:08:39,320 Speaker 2: enter into a partnership, I believe the most important thing 169 00:08:39,360 --> 00:08:41,319 Speaker 2: you have to do partnerships, if you have you have 170 00:08:41,360 --> 00:08:45,559 Speaker 2: to have clarity who's doing what. So if I'm entering 171 00:08:45,559 --> 00:08:47,960 Speaker 2: into a real estate transaction, so maybe i don't have 172 00:08:48,080 --> 00:08:50,880 Speaker 2: the time, but I have the money, Well maybe I 173 00:08:50,880 --> 00:08:52,640 Speaker 2: don't have the money, but I got the time, or 174 00:08:52,679 --> 00:08:55,440 Speaker 2: I have the connections. And so I think, the clearer 175 00:08:55,559 --> 00:08:59,640 Speaker 2: you can be with who's gonna do what in your 176 00:08:59,679 --> 00:09:03,440 Speaker 2: partner ship and then watch this if things break down, 177 00:09:03,480 --> 00:09:06,000 Speaker 2: what do we do right, because that has to be 178 00:09:06,040 --> 00:09:08,280 Speaker 2: spelled out too, because obviously were going into a believing 179 00:09:08,280 --> 00:09:11,120 Speaker 2: it's going to work with just like a marriage. You know, 180 00:09:11,200 --> 00:09:13,880 Speaker 2: you you went down I believe it. You stood in 181 00:09:13,880 --> 00:09:15,600 Speaker 2: front of somebody like me and said I do and 182 00:09:15,640 --> 00:09:17,960 Speaker 2: you and when I said till death do you part, 183 00:09:18,080 --> 00:09:20,800 Speaker 2: you believed it. But then it didn't go like that way. 184 00:09:21,200 --> 00:09:23,440 Speaker 2: And so I think you have to you have to 185 00:09:23,480 --> 00:09:27,080 Speaker 2: have a contingency plan for when things don't go right, 186 00:09:27,120 --> 00:09:28,520 Speaker 2: and that has to be spelled out of writing. 187 00:09:28,880 --> 00:09:30,880 Speaker 1: Let me ask you this because I got that. You know, 188 00:09:31,120 --> 00:09:34,800 Speaker 1: I grew up with my parents did buy their first 189 00:09:34,800 --> 00:09:37,200 Speaker 1: homes or two bedroom shotgun house, and they sold that 190 00:09:37,360 --> 00:09:40,360 Speaker 1: and got a two bedroom house and still nine kids, 191 00:09:40,360 --> 00:09:42,120 Speaker 1: but we all got in there, you know. But it 192 00:09:42,200 --> 00:09:45,520 Speaker 1: was owned by my mom and dad owned it, owned 193 00:09:45,520 --> 00:09:47,720 Speaker 1: it real estate. That's why I want to keep saying 194 00:09:47,720 --> 00:09:49,240 Speaker 1: the word real estate because a lot of people are 195 00:09:49,240 --> 00:09:52,760 Speaker 1: confused about what exactly is real estate. And I guess 196 00:09:52,920 --> 00:09:57,079 Speaker 1: you said it from a biblical standpoint, dextra what real 197 00:09:57,200 --> 00:09:59,880 Speaker 1: estate is. But but break it down to people about 198 00:10:00,080 --> 00:10:04,160 Speaker 1: what is real estate? The vacant lot, the building in 199 00:10:04,320 --> 00:10:06,679 Speaker 1: the house. But I almost steal your thunder. But talk 200 00:10:06,720 --> 00:10:07,880 Speaker 1: about what is real estate? 201 00:10:08,160 --> 00:10:10,400 Speaker 2: Well you you you said to mean real estate, I 202 00:10:10,440 --> 00:10:12,440 Speaker 2: mean I brought it down to the to what you've 203 00:10:12,440 --> 00:10:16,840 Speaker 2: already said. It's a land. Now that is land. I 204 00:10:16,920 --> 00:10:19,280 Speaker 2: got to decide how I'm what am I gonna put 205 00:10:19,320 --> 00:10:22,480 Speaker 2: on the land. So it could be a that you said, 206 00:10:23,600 --> 00:10:26,240 Speaker 2: a two bedroom house. It could be a parking lot, 207 00:10:27,120 --> 00:10:28,920 Speaker 2: it could be it could be a shock, it could 208 00:10:28,960 --> 00:10:32,400 Speaker 2: be a barn, so anything. So I define real estate 209 00:10:32,400 --> 00:10:36,320 Speaker 2: as this first of all land, and then you you 210 00:10:36,600 --> 00:10:39,520 Speaker 2: anything that you can put on it to monetize it. Right, 211 00:10:39,760 --> 00:10:42,720 Speaker 2: So so sometimes it's gonna be a three family house. 212 00:10:43,000 --> 00:10:45,080 Speaker 2: Sometimes it's gonna be a sixth you sometimes it's gonna 213 00:10:45,120 --> 00:10:49,199 Speaker 2: be a commercial property that you can put a major 214 00:10:49,240 --> 00:10:53,000 Speaker 2: store in. And so anything that we can monetize, or 215 00:10:53,080 --> 00:10:55,800 Speaker 2: sometime I sometimes the land I can I can farm it, 216 00:10:55,880 --> 00:10:57,800 Speaker 2: you know. So there's just a lot of different ways 217 00:10:58,240 --> 00:10:59,920 Speaker 2: that you know that you own it. 218 00:11:00,000 --> 00:11:01,880 Speaker 1: And then is the key, And that's what the basis 219 00:11:01,960 --> 00:11:02,520 Speaker 1: of this book. 220 00:11:02,679 --> 00:11:05,760 Speaker 2: Owning it is the key. And then watch there's finding 221 00:11:05,760 --> 00:11:08,199 Speaker 2: out how to monetize because I know a lot of them, 222 00:11:08,480 --> 00:11:10,640 Speaker 2: but I know a number of people who have things 223 00:11:10,679 --> 00:11:11,480 Speaker 2: but don't know. 224 00:11:11,400 --> 00:11:13,520 Speaker 1: How to monetize it, right, right? 225 00:11:13,559 --> 00:11:15,280 Speaker 2: And what good is it if you don't know how 226 00:11:15,280 --> 00:11:16,920 Speaker 2: to monetize it. So what I want to do is 227 00:11:16,960 --> 00:11:19,079 Speaker 2: I want to make sure brother Sean, two things happen 228 00:11:19,120 --> 00:11:22,200 Speaker 2: that when I have some land I put either I 229 00:11:22,240 --> 00:11:24,439 Speaker 2: learned how to monetize it, so it produces two things, 230 00:11:24,679 --> 00:11:27,640 Speaker 2: number one cash flow and number two appreciation. 231 00:11:28,240 --> 00:11:30,440 Speaker 1: Cool, Well, let's talk about that. Let's talk about some 232 00:11:30,480 --> 00:11:33,800 Speaker 1: of the common myths of mixed conceptions by real estate investing, 233 00:11:34,240 --> 00:11:38,400 Speaker 1: because I don't know what could be a misconception, you know, 234 00:11:38,480 --> 00:11:42,440 Speaker 1: But again, this is what you do, right, I'm an interviewer. 235 00:11:42,920 --> 00:11:48,200 Speaker 1: You are the subject matter expert. Please tell us what 236 00:11:48,280 --> 00:11:52,600 Speaker 1: misconceptions a myths that people run from, because I would 237 00:11:52,600 --> 00:11:55,560 Speaker 1: just tell you this. You know, we talk about faith, 238 00:11:56,400 --> 00:12:00,240 Speaker 1: we talk about fear, we talk about money. Okay, those 239 00:12:00,240 --> 00:12:02,680 Speaker 1: are the three things that if they don't come together, 240 00:12:02,760 --> 00:12:04,800 Speaker 1: if you don't overcome that fear, you don't have the money. 241 00:12:04,840 --> 00:12:07,800 Speaker 1: I don't care how much faith you have. Real estate's 242 00:12:07,880 --> 00:12:10,520 Speaker 1: not going to be purchased. So when you talk about 243 00:12:10,600 --> 00:12:13,960 Speaker 1: myths that are common and misconceptions, what are some of 244 00:12:13,960 --> 00:12:16,120 Speaker 1: them when it comes to investing in real estate? 245 00:12:17,360 --> 00:12:20,959 Speaker 2: I find the biggest one is that people think they 246 00:12:20,960 --> 00:12:23,719 Speaker 2: need a lot of money to do it. Wow, that's 247 00:12:23,760 --> 00:12:27,680 Speaker 2: the biggest one. And there are some programs. Actually, I 248 00:12:27,720 --> 00:12:31,760 Speaker 2: was talking to my godson yesterday. He lives in the Virginia, 249 00:12:33,040 --> 00:12:36,240 Speaker 2: DC area, and so he called me. He said, hey, Uh, 250 00:12:36,800 --> 00:12:38,640 Speaker 2: he said, hey, he called me uncle, Hey, Uncle, Dexter. 251 00:12:38,760 --> 00:12:41,920 Speaker 2: You know, I'm a I'm a veteran and uh, I 252 00:12:42,000 --> 00:12:45,240 Speaker 2: got a v A loan that I haven't taken advantage of. Now, 253 00:12:45,440 --> 00:12:46,800 Speaker 2: if you don't think about a v A loan, a 254 00:12:46,880 --> 00:12:48,920 Speaker 2: v loan, a v A loan allows you to get 255 00:12:48,960 --> 00:12:53,320 Speaker 2: into a piece of property with no money down. And 256 00:12:53,360 --> 00:12:55,240 Speaker 2: he was saying, a lot of people, he said, a 257 00:12:55,280 --> 00:12:57,240 Speaker 2: lot of my friends have taken advantage of the v 258 00:12:57,280 --> 00:12:59,000 Speaker 2: A loan and I'm trying to figure out how to 259 00:12:59,040 --> 00:13:01,000 Speaker 2: do it. And I said, and man, they're a lot 260 00:13:01,040 --> 00:13:02,560 Speaker 2: of ways. So I'm gonna walk them through that. But 261 00:13:02,600 --> 00:13:05,360 Speaker 2: my point being is a lot of times we haven't 262 00:13:05,400 --> 00:13:07,400 Speaker 2: even taken the time to do the research and find 263 00:13:07,400 --> 00:13:10,520 Speaker 2: out what what what can I get into a property for? 264 00:13:10,760 --> 00:13:13,520 Speaker 2: So that's on the side. But then there's also FHA 265 00:13:13,640 --> 00:13:15,200 Speaker 2: loans where you can get in for it as little 266 00:13:15,240 --> 00:13:18,120 Speaker 2: as three percent down, and they are lenders who will 267 00:13:18,200 --> 00:13:20,800 Speaker 2: sometimes they will even give you the down payment. And 268 00:13:20,840 --> 00:13:23,680 Speaker 2: so the biggest thing I find is that most people 269 00:13:23,920 --> 00:13:26,360 Speaker 2: think that it takes tons of money to get involved, 270 00:13:26,400 --> 00:13:30,160 Speaker 2: and it doesn't. It just takes you thinking strategically. And 271 00:13:30,200 --> 00:13:33,160 Speaker 2: then number two, I believe in fact, actually number one 272 00:13:33,280 --> 00:13:37,640 Speaker 2: is this. It takes you believing it's possible. Right, that's one. 273 00:13:38,080 --> 00:13:40,599 Speaker 2: Then number two it becomes now you you begin to 274 00:13:40,720 --> 00:13:43,880 Speaker 2: think strategically about, Okay, how am I gonna get this done? So? 275 00:13:44,040 --> 00:13:47,040 Speaker 2: Is it partnerships? Is it me looking at looking at 276 00:13:47,120 --> 00:13:49,240 Speaker 2: grants and things that I can get involved in? Well, 277 00:13:49,280 --> 00:13:53,560 Speaker 2: they well they will. Smaller banks, you know, a great 278 00:13:54,480 --> 00:13:57,880 Speaker 2: resource for people in their communities is tapping into community 279 00:13:57,920 --> 00:14:03,000 Speaker 2: banks because they a lot of time they keep they 280 00:14:03,080 --> 00:14:06,480 Speaker 2: have what they call portfolio loans, and a portfolio loan 281 00:14:06,559 --> 00:14:09,280 Speaker 2: simply means that what they do is they have set 282 00:14:09,280 --> 00:14:11,480 Speaker 2: aside a certain amount of money that they're gonna lend 283 00:14:11,520 --> 00:14:13,080 Speaker 2: out and they're going to keep it, They're not gonna 284 00:14:13,120 --> 00:14:15,160 Speaker 2: sell it. And so what happens is that a lot 285 00:14:15,160 --> 00:14:16,840 Speaker 2: of times they'll they'll be able to give you a 286 00:14:16,840 --> 00:14:19,320 Speaker 2: lot more money for down payments, which will allow you 287 00:14:19,360 --> 00:14:20,200 Speaker 2: to begin to invest. 288 00:14:20,960 --> 00:14:24,160 Speaker 3: Please don't go anywhere. We'll be right back with more 289 00:14:24,200 --> 00:14:33,080 Speaker 3: money Making Conversations Masterclass. Welcome back to the Money Making 290 00:14:33,120 --> 00:14:38,840 Speaker 3: Conversations Masterclass, hosted by Rashan McDonald. Money Making Conversations Masterclass 291 00:14:38,880 --> 00:14:43,480 Speaker 3: continues online at Moneymakingconversations dot com and follow money Making 292 00:14:43,520 --> 00:14:47,360 Speaker 3: Conversations Masterclass on Facebook, Twitter, and Instagram. 293 00:14:47,640 --> 00:14:50,600 Speaker 1: Ye I'm talking to Dexter B. Jenkins. He's the author 294 00:14:50,600 --> 00:14:53,760 Speaker 1: of his new book, The Real Estate Wealth Creative Blueprint. 295 00:14:53,960 --> 00:14:56,280 Speaker 1: Now it's called balancing. Okay, you can go out there 296 00:14:56,280 --> 00:14:58,520 Speaker 1: and just start buying, buying, buying what you have to 297 00:14:58,520 --> 00:15:00,040 Speaker 1: realize that taxes come. 298 00:15:00,080 --> 00:15:07,760 Speaker 2: With the lane, taxes, insurance, maintenance, all that is part 299 00:15:07,760 --> 00:15:08,240 Speaker 2: of the game. 300 00:15:08,520 --> 00:15:11,560 Speaker 1: Come on, now, come on, now, that's called balancing. You know, 301 00:15:11,800 --> 00:15:14,400 Speaker 1: we don't want to just have people run out there 302 00:15:14,440 --> 00:15:17,520 Speaker 1: thinking that all about this, about this, by this gotta 303 00:15:17,520 --> 00:15:19,520 Speaker 1: be insured. You know, if you don't take care of 304 00:15:19,520 --> 00:15:23,000 Speaker 1: the property, then guess what the neighborhood association might be 305 00:15:23,000 --> 00:15:26,600 Speaker 1: coming after you, the city may be coming after you. Okay, 306 00:15:26,800 --> 00:15:29,760 Speaker 1: how does one take that property? Especially, let's look at 307 00:15:29,760 --> 00:15:31,920 Speaker 1: it if it's a real estate purchase of a home 308 00:15:32,320 --> 00:15:35,480 Speaker 1: and turning that into an investment maybe a rental home 309 00:15:35,520 --> 00:15:38,160 Speaker 1: property or buying up the block. Let's talk about a 310 00:15:38,200 --> 00:15:40,280 Speaker 1: little bit about that, because that's how a lot of people, 311 00:15:40,440 --> 00:15:43,680 Speaker 1: especially the African American, the people of color, are rising 312 00:15:43,760 --> 00:15:48,640 Speaker 1: up in the economic ladder because they are making purchases 313 00:15:48,680 --> 00:15:53,120 Speaker 1: of homes, flipping them or renovating them and turning them 314 00:15:53,160 --> 00:15:56,520 Speaker 1: into monthly fees. They create income for them. 315 00:15:56,960 --> 00:16:00,200 Speaker 2: Yeah. Yeah, but but I think that and that's there 316 00:16:00,200 --> 00:16:02,120 Speaker 2: are a number of different strategies. So so some people 317 00:16:02,120 --> 00:16:04,240 Speaker 2: do what you say. You know, I'm I flipped a 318 00:16:04,320 --> 00:16:06,360 Speaker 2: number of houses my wife and that that was out 319 00:16:06,440 --> 00:16:08,080 Speaker 2: and we still do. That was one of my main 320 00:16:08,080 --> 00:16:10,720 Speaker 2: strategies getting started. Uh so we do have buy and 321 00:16:10,800 --> 00:16:13,960 Speaker 2: whole properties where you know, we went and actually bought 322 00:16:13,960 --> 00:16:17,040 Speaker 2: a property, uh two or three of them actually and 323 00:16:17,240 --> 00:16:19,040 Speaker 2: you know, fix them up and then now we have 324 00:16:19,120 --> 00:16:21,520 Speaker 2: rent off. And so if really, when I'm talking people 325 00:16:21,520 --> 00:16:25,680 Speaker 2: about investing, you have to decide what you really want 326 00:16:25,800 --> 00:16:27,960 Speaker 2: real estate investing to produce for you. That's number one. 327 00:16:28,040 --> 00:16:34,400 Speaker 2: Number two, you got to decide do you want to 328 00:16:34,440 --> 00:16:37,760 Speaker 2: and be an active investor or a passive investor? Now 329 00:16:37,800 --> 00:16:40,440 Speaker 2: what's an active investor and an active investor someone who 330 00:16:40,520 --> 00:16:42,720 Speaker 2: like myself who goes out and flips buys and holes 331 00:16:42,720 --> 00:16:45,640 Speaker 2: and all that. A passive investor someone who look, I 332 00:16:45,640 --> 00:16:49,200 Speaker 2: ain't got time for all that, they'll have time or 333 00:16:49,240 --> 00:16:52,520 Speaker 2: the desire to do and so, but they have cash. 334 00:16:52,640 --> 00:16:54,600 Speaker 2: And so what they'll do is they'll they'll they'll put 335 00:16:54,640 --> 00:16:57,600 Speaker 2: money in someone's hands to go ahead and and and 336 00:16:57,760 --> 00:17:00,600 Speaker 2: be an investor. And actually that's a phenomenal way for 337 00:17:00,680 --> 00:17:02,400 Speaker 2: people who don't have a lot of time who listen 338 00:17:02,440 --> 00:17:05,359 Speaker 2: to us, Hey, look I want to get involved in 339 00:17:05,400 --> 00:17:07,600 Speaker 2: real estate, but I don't have a lot of time. 340 00:17:07,640 --> 00:17:09,680 Speaker 2: Maybe you know, they got maybe their high income earner 341 00:17:10,320 --> 00:17:12,680 Speaker 2: doing whatever they do. Maybe they got family obligations, maybe 342 00:17:12,680 --> 00:17:14,560 Speaker 2: they taking care of a parent or whatever. They don't 343 00:17:14,560 --> 00:17:16,200 Speaker 2: have a lot of time in the ads, but they 344 00:17:16,240 --> 00:17:18,359 Speaker 2: do have cash. And so what you can do is 345 00:17:18,400 --> 00:17:22,040 Speaker 2: you can deploy your money in the real estate while 346 00:17:22,080 --> 00:17:25,840 Speaker 2: you're doing those other things. Got it. So number one, 347 00:17:25,840 --> 00:17:28,280 Speaker 2: I got to decide what real estate want, what I 348 00:17:28,320 --> 00:17:30,400 Speaker 2: want real estate to produce. Me to the number two. 349 00:17:30,480 --> 00:17:32,920 Speaker 2: I want to, you know, decide what I want to 350 00:17:32,920 --> 00:17:34,600 Speaker 2: be active and passive. And then number three what I 351 00:17:34,640 --> 00:17:36,720 Speaker 2: gotta do is I gotta decide what strategy I'm a 352 00:17:36,800 --> 00:17:38,760 Speaker 2: user Am I gonna be one who fixing flips? Am 353 00:17:38,760 --> 00:17:41,560 Speaker 2: I gonna buy it? Hole? Or I'm gonna help other 354 00:17:41,600 --> 00:17:44,280 Speaker 2: people do it? You know. So it really just depends 355 00:17:44,320 --> 00:17:47,040 Speaker 2: on what where you are. So there is no one 356 00:17:47,119 --> 00:17:49,560 Speaker 2: set way of doing it. And this is what I believe. 357 00:17:49,640 --> 00:17:52,760 Speaker 2: Sometimes you have to go one strategy and find out, 358 00:17:52,800 --> 00:17:56,480 Speaker 2: you know what, I don't like this, you know you 359 00:17:56,560 --> 00:17:59,080 Speaker 2: gotta do. I don't like this, so I'm gonna try this, 360 00:17:59,280 --> 00:18:01,560 Speaker 2: you know. And so that that's what ivise people to do. 361 00:18:01,800 --> 00:18:01,960 Speaker 2: You know. 362 00:18:02,000 --> 00:18:04,199 Speaker 1: When I was reading the book, the book which is 363 00:18:04,480 --> 00:18:08,440 Speaker 1: newly published, the Real Estate Wealth Creative Blueprint, financial literacy 364 00:18:08,560 --> 00:18:11,520 Speaker 1: kept popping up, popping up, you know, because in the 365 00:18:11,600 --> 00:18:16,280 Speaker 1: sense that that's important. I'm just telling everybody, we all 366 00:18:16,520 --> 00:18:18,639 Speaker 1: want you to be wealthy, we all want you to 367 00:18:18,680 --> 00:18:21,040 Speaker 1: buy real estate, but we don't want you to make 368 00:18:21,080 --> 00:18:23,840 Speaker 1: a mistake. We don't want you to miss steps. Like 369 00:18:23,880 --> 00:18:27,919 Speaker 1: you said, Rushan, I said taxes. You reminded me about insurance, 370 00:18:28,760 --> 00:18:32,919 Speaker 1: you know, I say an insurance. You reminded me about property. Yes, okay, 371 00:18:33,160 --> 00:18:37,800 Speaker 1: So it keeps moving along. Before we get to financial literacy, 372 00:18:38,119 --> 00:18:44,440 Speaker 1: the word mentorship are mentoring pops up because again I'm 373 00:18:44,480 --> 00:18:47,960 Speaker 1: a pretty smart, dude. I've been very successful. But even 374 00:18:48,000 --> 00:18:51,840 Speaker 1: in this interview I forgot some things. How important is 375 00:18:51,960 --> 00:18:55,280 Speaker 1: mentorship and you talk about it in your book in 376 00:18:55,640 --> 00:18:56,960 Speaker 1: the Blueprint. 377 00:18:57,160 --> 00:19:02,639 Speaker 2: It's priceless, meaning everything in every everything you've accompised, everything 378 00:19:02,800 --> 00:19:08,200 Speaker 2: I've accomplished has been because I've had mentors. So so 379 00:19:08,200 --> 00:19:11,119 Speaker 2: so whether it's an official mentor so sometimes it's a book. 380 00:19:11,440 --> 00:19:14,160 Speaker 2: So it doesn't necessarily mean I even know you personally. 381 00:19:14,200 --> 00:19:15,720 Speaker 2: I may have never met you, but I've I read 382 00:19:15,760 --> 00:19:20,360 Speaker 2: your book. I'm entering into a mentoring relationship, meaning there's 383 00:19:20,400 --> 00:19:23,440 Speaker 2: an exchange of information that helps me to grow correct. 384 00:19:24,119 --> 00:19:27,400 Speaker 2: So but but I mean I've I've had paid mentors, 385 00:19:27,400 --> 00:19:30,400 Speaker 2: I've had unofficial mentors. You know, you and I beguild relationship. 386 00:19:30,400 --> 00:19:31,720 Speaker 2: I mean, so you're certain as a mentor man in 387 00:19:31,800 --> 00:19:34,240 Speaker 2: respects to me and in this media stuff, you know, 388 00:19:34,359 --> 00:19:38,600 Speaker 2: And so it's just in anything in life. I mean, 389 00:19:38,680 --> 00:19:40,800 Speaker 2: I'm my my background, the brother Sean is that of 390 00:19:40,840 --> 00:19:43,679 Speaker 2: an athlete. See I look at mentoring and it's like coaching. 391 00:19:44,880 --> 00:19:47,160 Speaker 2: I was a basketball player, so every so every team 392 00:19:47,200 --> 00:19:49,320 Speaker 2: I played on, there was like what a coach? And 393 00:19:49,400 --> 00:19:52,760 Speaker 2: so the coach was the one who was instructing us 394 00:19:53,040 --> 00:19:55,400 Speaker 2: and teaching us on how to do what we need 395 00:19:55,440 --> 00:19:57,960 Speaker 2: to do in order to reach whatever goal we need 396 00:19:57,960 --> 00:20:01,400 Speaker 2: to reach. So and this money make in real estate thing. 397 00:20:02,960 --> 00:20:05,240 Speaker 2: The reason why I talk so much about financial literacy 398 00:20:05,400 --> 00:20:08,399 Speaker 2: is because if you make it, the goal is to 399 00:20:08,520 --> 00:20:13,280 Speaker 2: keep it right. It ain't just see because really what 400 00:20:14,080 --> 00:20:16,000 Speaker 2: we want to do is we want to earn it. 401 00:20:16,960 --> 00:20:18,800 Speaker 2: We want to keep it. Watch this, we want to 402 00:20:18,840 --> 00:20:23,040 Speaker 2: pass it on right because we want this multi generational wealthing. 403 00:20:23,119 --> 00:20:26,080 Speaker 2: You know, So why should every generation have to have 404 00:20:26,200 --> 00:20:28,200 Speaker 2: to start over? I don't think that's the case. Well, 405 00:20:28,320 --> 00:20:32,159 Speaker 2: if we teach people how to become financially literate, right, so, 406 00:20:32,600 --> 00:20:34,719 Speaker 2: it allows them to be able to not know, only 407 00:20:34,840 --> 00:20:37,399 Speaker 2: to enjoy it for themselves. But how can we enjoy 408 00:20:37,400 --> 00:20:39,800 Speaker 2: this thing two and three and four and five generations 409 00:20:39,800 --> 00:20:42,560 Speaker 2: down line? So many many, many many years from now, 410 00:20:42,640 --> 00:20:44,440 Speaker 2: when you and I are not here, our great great 411 00:20:44,440 --> 00:20:47,080 Speaker 2: grandchildren are benefiting off of something that we did. 412 00:20:47,440 --> 00:20:49,879 Speaker 1: Okay, well, now we've had a great conversation. You know, 413 00:20:49,920 --> 00:20:53,080 Speaker 1: we're promoting your book, and the book is to create 414 00:20:53,080 --> 00:20:57,600 Speaker 1: a blueprint and it's about real estate. Now, young people, 415 00:20:57,640 --> 00:20:59,520 Speaker 1: old people, let me tell you something. If you're fifty, 416 00:21:00,040 --> 00:21:02,760 Speaker 1: please listen to this conversation. If you're sixty, please listen 417 00:21:02,760 --> 00:21:05,440 Speaker 1: to this conversation. If you seventy, please listen this conversation. 418 00:21:05,480 --> 00:21:08,040 Speaker 1: We're talking to YouTube. We're not just talking to twenty 419 00:21:08,119 --> 00:21:10,919 Speaker 1: year old and thirty old and forty old people. The 420 00:21:11,080 --> 00:21:16,399 Speaker 1: opportunity to still build your wealth and also create a 421 00:21:16,440 --> 00:21:21,199 Speaker 1: foundation that you can pass to your relatives, pass to 422 00:21:21,280 --> 00:21:25,320 Speaker 1: your your peer group. It's important that you understand that 423 00:21:25,440 --> 00:21:27,680 Speaker 1: there's never too late to get in the real estate game. 424 00:21:27,960 --> 00:21:31,160 Speaker 1: But but, but, but there's always a butt in this conversation. 425 00:21:31,480 --> 00:21:36,560 Speaker 1: You can be overwhelmed getting into the real estate game. 426 00:21:36,760 --> 00:21:38,679 Speaker 1: And you talk about that in your book, and I 427 00:21:38,680 --> 00:21:42,320 Speaker 1: think that's very important, is to how do you get 428 00:21:42,359 --> 00:21:45,560 Speaker 1: in dexter and not be overwhelmed. 429 00:21:46,480 --> 00:21:50,120 Speaker 2: Well, it starts with education. You know when I'm not 430 00:21:50,240 --> 00:21:53,520 Speaker 2: for me because I've grown up around my dad was 431 00:21:53,560 --> 00:21:55,480 Speaker 2: my first mentor. I wouldn't have called him that, but 432 00:21:55,600 --> 00:22:00,159 Speaker 2: just looking at his life, he was and then out 433 00:22:00,160 --> 00:22:01,960 Speaker 2: of searching the other mantons. And one of the things 434 00:22:01,960 --> 00:22:05,280 Speaker 2: I talked about in the book is there's something called READS, 435 00:22:05,320 --> 00:22:08,439 Speaker 2: which stands for real estate or social is excafely right now. 436 00:22:08,520 --> 00:22:10,679 Speaker 2: But our EI a you can look it up in 437 00:22:10,720 --> 00:22:13,520 Speaker 2: your in your local area. There are tons of them, 438 00:22:13,600 --> 00:22:15,480 Speaker 2: and you know, they are local meetings that you could 439 00:22:15,480 --> 00:22:18,439 Speaker 2: go to for Some have feeds, some don't, and you 440 00:22:18,480 --> 00:22:21,160 Speaker 2: can just go and start sitting in and getting the education. 441 00:22:21,760 --> 00:22:24,480 Speaker 2: You can pick up a book, you know, like obtusly 442 00:22:24,520 --> 00:22:28,240 Speaker 2: pick up my pick up my book. You know, so 443 00:22:28,320 --> 00:22:30,960 Speaker 2: for this nineteen ninety sevenercent right now we have released 444 00:22:30,960 --> 00:22:32,720 Speaker 2: it with it's some kindle right now, with another week 445 00:22:32,760 --> 00:22:36,600 Speaker 2: or two re releases, release releases, but you know, so 446 00:22:36,960 --> 00:22:42,199 Speaker 2: it starts with that process. And then get around some 447 00:22:42,280 --> 00:22:45,119 Speaker 2: people who are doing that. You know, this is what 448 00:22:45,200 --> 00:22:47,040 Speaker 2: I found, And this is one of the things one 449 00:22:47,080 --> 00:22:50,960 Speaker 2: of the mistakes I think people don't make. Go find 450 00:22:51,000 --> 00:22:53,840 Speaker 2: somebody who's doing what you're doing and offer to serve them. 451 00:22:54,160 --> 00:22:56,600 Speaker 2: Say look, hey, I want to learn this real estate game. 452 00:22:57,000 --> 00:22:59,000 Speaker 2: I know how to do X, Y and Z. Hey 453 00:22:59,040 --> 00:23:02,280 Speaker 2: look I'll drive you around if you need, if need be, 454 00:23:02,440 --> 00:23:05,600 Speaker 2: but I just need to be around so I can 455 00:23:05,640 --> 00:23:07,840 Speaker 2: get a sense of how this thing works. And then 456 00:23:07,880 --> 00:23:10,160 Speaker 2: once people get around it, you know, I just think 457 00:23:10,320 --> 00:23:13,400 Speaker 2: after a point in time, you will In the book, 458 00:23:13,400 --> 00:23:15,320 Speaker 2: one thing I talk about this thing called courage, I 459 00:23:15,440 --> 00:23:19,159 Speaker 2: talk about courage being something that's cultivated and courages something 460 00:23:19,200 --> 00:23:22,600 Speaker 2: that can be passed down. So you hang around courageous people, 461 00:23:22,640 --> 00:23:23,680 Speaker 2: it rubs off on you. 462 00:23:24,720 --> 00:23:28,200 Speaker 1: Wow. As we close out the interview, Dexter, you focus 463 00:23:28,240 --> 00:23:31,840 Speaker 1: on creating general generational wealth. That's words, it's passed around 464 00:23:31,840 --> 00:23:36,000 Speaker 1: the word generational wealth, and you can't get that work 465 00:23:36,000 --> 00:23:39,959 Speaker 1: in affoord they all week job No, but you can't 466 00:23:40,000 --> 00:23:43,520 Speaker 1: get it by what you are talking about in your book. 467 00:23:44,280 --> 00:23:48,199 Speaker 1: Tell us how families can gain generational wealth. It is 468 00:23:48,280 --> 00:23:51,240 Speaker 1: real estate. But follow your advice. That's why I have 469 00:23:51,280 --> 00:23:54,360 Speaker 1: you on the shelf. Yeah, talk to us. Well. 470 00:23:54,960 --> 00:23:57,840 Speaker 2: I think, first of all, let's look at generational wealth 471 00:23:57,880 --> 00:24:00,840 Speaker 2: being more than just money. It's a lot of things. 472 00:24:00,920 --> 00:24:04,320 Speaker 2: Now we're talking money because this is the topic. But 473 00:24:04,760 --> 00:24:08,760 Speaker 2: I think the a wealthy mindset is something that needs 474 00:24:08,800 --> 00:24:11,480 Speaker 2: to be passed down. First of all, that's the first thing, 475 00:24:11,600 --> 00:24:14,119 Speaker 2: meaning that my dad passed that out of recognized, but 476 00:24:14,400 --> 00:24:17,159 Speaker 2: he passed that down to me. I inherited that that 477 00:24:17,240 --> 00:24:20,199 Speaker 2: was generational, but he got that from his father, you know. 478 00:24:20,280 --> 00:24:23,080 Speaker 2: So I think the mindset first of all, and then 479 00:24:23,080 --> 00:24:25,879 Speaker 2: as the mindsets passed down, then you begin brother Sean 480 00:24:25,960 --> 00:24:29,600 Speaker 2: to find out the different avenues are doing it, because 481 00:24:29,600 --> 00:24:31,640 Speaker 2: real estate is not the only avenue that do that. 482 00:24:31,680 --> 00:24:33,480 Speaker 2: Some people don't do no real estate, but they have 483 00:24:33,480 --> 00:24:36,280 Speaker 2: a business or some people have stocks. So it doesn't 484 00:24:36,280 --> 00:24:39,399 Speaker 2: matter the asset class. You just need one, and you 485 00:24:39,480 --> 00:24:42,000 Speaker 2: need one that will allow you to create this thing 486 00:24:42,119 --> 00:24:44,000 Speaker 2: call leverage and talk a lot about my book about 487 00:24:44,080 --> 00:24:46,680 Speaker 2: their power of the importance of having the leverage, because 488 00:24:46,720 --> 00:24:48,960 Speaker 2: what leverage does. It allows you to make more money 489 00:24:48,960 --> 00:24:52,400 Speaker 2: with less effort, and so more so, it's the mindset. 490 00:24:52,720 --> 00:24:56,760 Speaker 2: It's the having the people come together to work together 491 00:24:56,800 --> 00:25:00,879 Speaker 2: to get something done, and then now we can we 492 00:25:01,200 --> 00:25:04,000 Speaker 2: can pass it on to the next generation. Now watch 493 00:25:04,080 --> 00:25:06,240 Speaker 2: this because I heard bische Jake said. T Jake said 494 00:25:06,240 --> 00:25:10,359 Speaker 2: this years ago. He said, it's not only important what 495 00:25:10,400 --> 00:25:15,320 Speaker 2: you leave to them, it's also what you leave in them. 496 00:25:15,359 --> 00:25:18,840 Speaker 2: So I don't want to leave my son and my 497 00:25:18,880 --> 00:25:20,480 Speaker 2: grandson a whole bunch of money and they can go 498 00:25:20,600 --> 00:25:22,440 Speaker 2: there and kill themselves because I haven't put the right 499 00:25:22,480 --> 00:25:26,080 Speaker 2: morals in there and the right beliefs in them. You 500 00:25:26,119 --> 00:25:28,840 Speaker 2: know what I mean. Because I am a pastor, I'm 501 00:25:28,880 --> 00:25:31,360 Speaker 2: a usu. The scripture, he says in Proverbs chapter wanted 502 00:25:31,359 --> 00:25:35,159 Speaker 2: to talk about prosperity ruins the fool right, So if 503 00:25:35,200 --> 00:25:38,560 Speaker 2: somebody's foolish, their money would kill them, you know, And 504 00:25:38,600 --> 00:25:41,520 Speaker 2: so it has to be a mixture of the right 505 00:25:42,080 --> 00:25:44,479 Speaker 2: the materials. But then I also recognize that, hey man, 506 00:25:44,480 --> 00:25:46,320 Speaker 2: there's some things there, some ways I got to teach 507 00:25:46,359 --> 00:25:49,360 Speaker 2: you how to live so that this money don't kill you. 508 00:25:50,480 --> 00:25:55,119 Speaker 1: Wow. As always, Uh, your book is fascinating from a 509 00:25:55,160 --> 00:25:59,280 Speaker 1: standpoint of we drive around communities. We see open lots, 510 00:25:59,359 --> 00:26:01,800 Speaker 1: we see running down houses, we see houses that we 511 00:26:01,880 --> 00:26:04,720 Speaker 1: may feel we can never afford, but they all are 512 00:26:04,800 --> 00:26:08,200 Speaker 1: real estate. And that's what this conversation from a Jump 513 00:26:08,320 --> 00:26:11,800 Speaker 1: is about. Opening your eyes to financial gains that you 514 00:26:11,840 --> 00:26:15,280 Speaker 1: are passing by every day. Get with your friends, get 515 00:26:15,320 --> 00:26:18,760 Speaker 1: with your families, pool money and you can get into 516 00:26:18,760 --> 00:26:21,360 Speaker 1: the game. And it's not a game that you can 517 00:26:21,400 --> 00:26:25,119 Speaker 1: technically start by yourself. So to get that out your mind, 518 00:26:25,400 --> 00:26:28,480 Speaker 1: you may need help. And help is through like you said, 519 00:26:28,640 --> 00:26:33,880 Speaker 1: vetting people, everybody understanding, writing down in a contract, none 520 00:26:33,920 --> 00:26:37,919 Speaker 1: of the handshake stuff. I'm talking about money. Get it 521 00:26:38,000 --> 00:26:40,960 Speaker 1: right and you can start winning in the game of 522 00:26:41,000 --> 00:26:43,280 Speaker 1: real estate. And in his book, The Real Estate Wealth 523 00:26:43,359 --> 00:26:47,160 Speaker 1: Creative Blueprint, that's to be Jenkins. As usual, you give 524 00:26:47,240 --> 00:26:51,359 Speaker 1: my show credibility. Money Making Conversations Master Class. Thank you 525 00:26:51,400 --> 00:26:53,760 Speaker 1: for always coming on my show, Dexter, thank you for 526 00:26:53,800 --> 00:26:57,119 Speaker 1: having me sir. This has been another edition of Money 527 00:26:57,119 --> 00:27:01,120 Speaker 1: Making Conversations Master Class posted by me Rashon McDonald. Thank 528 00:27:01,160 --> 00:27:03,280 Speaker 1: you to our guests on the show today and thank 529 00:27:03,320 --> 00:27:05,680 Speaker 1: you for listening to the audience now. If you want 530 00:27:05,680 --> 00:27:07,560 Speaker 1: to listen to any episode I want to be a 531 00:27:07,600 --> 00:27:11,800 Speaker 1: guest on the show, visit Moneymakingconversations dot com. Our social 532 00:27:11,840 --> 00:27:15,399 Speaker 1: media handle is money Making Conversation. Join us next week 533 00:27:15,440 --> 00:27:18,399 Speaker 1: and remember to always leave with your gifts. Keep winning.