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Speaker 3: You never heard of a person say that one hundred
Speaker 3: percent of my money was enough, So if you're working
Speaker 3: in one hundred percent of your salary, it's not enough
Speaker 3: for you to live the way you want to live,
Speaker 3: then what makes you think you're gonna retire and then
Speaker 3: all of a sudden, that's gonna be enough money for
Speaker 3: you to live.
Speaker 4: My graduates from my school being forced back drop bag drop, Mike,
Speaker 4: drop back drop drop.
Speaker 5: All right, guys, welcome back, h e yl I'm back home,
Speaker 5: Dope dope episode. This is something that has been probably
Speaker 5: over a year and a half in a making.
Speaker 2: Maybe long longer than that.
Speaker 6: Yeah, right for COVID the phone heritage supposed.
Speaker 2: To happen, yes, but nothing happens before it's time.
Speaker 5: That's us. So Jamal King, better known as nine to
Speaker 5: five Millionaires, somebody that we got introduced to a few
Speaker 5: years ago, super super great backstory that we'll get to
Speaker 5: just didn't invest fest forward. Thank you for doing that,
Speaker 5: Appreciate it.
Speaker 2: He has his own investment story. We'll get to that too.
Speaker 5: So, uh, this is an interesting story for a few
Speaker 5: different reasons. So he's a big time real estate investor
Speaker 5: over three hundred and eighty units and he's actually in
Speaker 5: the real estate development game. We'll talk about that. And
Speaker 5: then he's an entrepreneur. He has a daycare centerce with
Speaker 5: his wife. I believe he has a security company.
Speaker 2: With his brother.
Speaker 5: But he started out as a police officer. That's why
Speaker 5: he was nine to five millionaire. So he was a
Speaker 5: police officer for how many years? Man? Twenty years? Twenty
Speaker 5: years in Chicago, right, yeah, in Chicago. What area did
Speaker 5: in Chicago, it's called the Gresham.
Speaker 3: District, So it's right by Inglewood. So just to give
Speaker 3: you a little context, Chicago during the mid twenties, like
Speaker 3: about twenty five to twenty ten led the country in homicides,
Speaker 3: and my district, the Gresham District, led the city of Chicago.
Speaker 3: Oh that was that was like, so right by Inglewood. Yes,
Speaker 3: it's right, it's border Inglewood. I was separated by like
Speaker 3: one street, yeah, Homer Derek Rose exactly.
Speaker 2: Wow.
Speaker 5: So yeah, so you was all right, so and this
Speaker 5: is an interesting story because you started investing while you
Speaker 5: were still on the force, right, that's correct, and then
Speaker 5: you became a millionaire while you were still working. Yeah, yep,
Speaker 5: all right.
Speaker 2: So nobody had a clue, no.
Speaker 6: Nobody why you know.
Speaker 3: And that's the whole thing I talked about to do it,
Speaker 3: you know, I talk about just as far as having
Speaker 3: a vehicle, and the police department for me was nothing
Speaker 3: more than a vehicle. And so when I got started
Speaker 3: in real estate investing, I just said, that's just another vehicle.
Speaker 6: I was like, why do I have to stop doing
Speaker 6: this driving this vehicle?
Speaker 2: I love it?
Speaker 3: So yeah, man, so yep, I started investing in real
Speaker 3: estate at the age of twenty two, the same exact
Speaker 3: time I started as a police officer.
Speaker 6: And I became a millionaire by age twenty six.
Speaker 5: So all right, so let's talk about this because a
Speaker 5: lot of people that watch Early a Lisia, you know,
Speaker 5: they have regular job nine to five day. They might
Speaker 5: be a firefighter, police officer, or a nurse, or a
Speaker 5: school teacher or whatever janitor, and a lot of times
Speaker 5: people think that, you know, you just work those type
Speaker 5: of jobs. You get a pension, you live off the pension,
Speaker 5: and that's it. That's how you become a millionaire. You
Speaker 5: become millionaire with your pension when you're sixty five. They
Speaker 5: don't even necessarily think like, you actually can be an
Speaker 5: entrepreneur at the same time. So all right, let's let's
Speaker 5: start at the beginning. How did you get turned on
Speaker 5: the real estate and when did you really start to
Speaker 5: like hit your stride in real estate.
Speaker 3: Yeah, so in the beginning, bro. Before I even get
Speaker 3: to how did I even get turned on? Like I
Speaker 3: literally hit the vision that wanted to be a millionaire.
Speaker 3: Ever since I was a young kid, I wanted to
Speaker 3: be a millionaire. And I was like, man, look, I
Speaker 3: never seen anybody else in our community become a millionaire
Speaker 3: from their job. I never seen anybody become a millionaire
Speaker 3: from you know, working at nine to five. So I
Speaker 3: was like, I want to live different. My father was
Speaker 3: a police officer thirty years on the Chicago Police department.
Speaker 5: You're from Chicago.
Speaker 3: I'm from Chicago, boring and race. And my father was
Speaker 3: a police thirty years and my mother Cook County sheriff.
Speaker 3: My mother did twenty years as a sheriff. My brother
Speaker 3: was an Illinois State trooper. So I had my family.
Speaker 3: We had somebody to cover the state, somebody else with
Speaker 3: the city, and somebody's with the county. And you know,
Speaker 3: the police department was good. You know, it was a
Speaker 3: good job. It put food on our table. But I
Speaker 3: was like, man, I want more. Ever since I was
Speaker 3: growing up, bro, I just wanted to be like a millionaire.
Speaker 3: And the reason why I wanted to be a millionaire's
Speaker 3: because I used to look on TV dollar like lifestyles
Speaker 3: are the rich and famous, and I used to see
Speaker 3: how they used to always just be smiling, bro, you.
Speaker 6: Know, it just seemed like it was a good life.
Speaker 3: We didn't have interview careers back then, you know, we
Speaker 3: had with lifestyle of rich and famous, and I used
Speaker 3: to see them and I used to just look and
Speaker 3: I'd be like, man, every time the father come home,
Speaker 3: he's smiling, the kids smiling. I ain't never see them arguing,
Speaker 3: you know. I used to watch Good Times all the time. Right,
Speaker 3: that's in Chicago. You always see them arguing, the fighting,
Speaker 3: you know. But it was always something about seeing these
Speaker 3: rich people and how they seemed like their life was
Speaker 3: a little bit different. I used to say, man, I
Speaker 3: want that. I want that life for my family, but
Speaker 3: I didn't know how to get it. And so I
Speaker 3: said I was gonna be a you know, I was
Speaker 3: gonna make it to the NFL. And when I didn't
Speaker 3: make it, like ninety nine percent of us, right, I
Speaker 3: was kind of stuck with, like, what am I gonna
Speaker 3: do in life? And at that point, bruh, that's when
Speaker 3: I was just like I was lost. I didn't know
Speaker 3: what I was gonna do, Like most people, and I
Speaker 3: did was familiar to me, and I became a police
Speaker 3: officer because that's who my father was doing, that's what
Speaker 3: my mother was doing, and that's what my brother was doing.
Speaker 2: Was that at any point that you saw, like obviously
Speaker 2: law enforcement was in the blood. A lot of times
Speaker 2: people grow up and they say, like, I want to
Speaker 2: be different, I don't want to do it. Was there
Speaker 2: any moment in life when you're like, let me try
Speaker 2: something different and law enforcement is what you got led
Speaker 2: back to? That?
Speaker 5: Yeah, it was.
Speaker 6: I just did what was familiar. Bro, I ain't gonna lie.
Speaker 5: I just did.
Speaker 3: I never wanted to be a cop, Okay, I just did.
Speaker 3: So I'm not gonna sit here and say like I
Speaker 3: was looking to be a police officer.
Speaker 5: No.
Speaker 3: I wanted to be rich. I wanted to play in
Speaker 3: the NFL, you know, I wanted to live this kind
Speaker 3: of life.
Speaker 5: But I didn't know.
Speaker 3: Once I graduated and I didn't make it to the NFL,
Speaker 3: I didn't know what else I was gonna do. And
Speaker 3: I think that's like a lot of people that's even
Speaker 3: listening to us. Brother, you kind of just do whatever
Speaker 3: first thing that come about. You know, you just take
Speaker 3: whatever job because it's like, Okay, I was supposed to
Speaker 3: get a job. I'm supposed to graduate from school, and
Speaker 3: then all of a sudden, I'm supposed to get a
Speaker 3: good job, get good benefits, get a pension, you know
Speaker 3: all those things that you talked about. And with me,
Speaker 3: the first thing that came available was the police department.
Speaker 6: So I took it.
Speaker 5: So all right, So when did you start investing in
Speaker 5: real estate? Yeah?
Speaker 6: So right after that.
Speaker 3: So I had a friend of mine whose uncle was
Speaker 3: a real estate investor, and I seen this guy. Man.
Speaker 3: I remember going to his house and he hit this.
Speaker 3: It was in Chicago, was an old greystone bill. And
Speaker 3: I don't know, you guys from New York, you know
Speaker 3: the old greystone bills, brownstones Okay, yep, Brownstone, Greystone, and
Speaker 3: they were this area is being regentrified. And I remember
Speaker 3: like knowing that the projects was in this area too.
Speaker 3: But my boy said, like, man, my uncle got a mansion, man,
Speaker 3: and it's in this area. And I was like, bro,
Speaker 3: this yeah, right, And so we got on the porch.
Speaker 3: It was like a huge greystone brownstone looker building. And
Speaker 3: then when he opened up those doors, man, I seen
Speaker 3: I'm talking about twelve foot ceilings. I seen this huge mansion,
Speaker 3: he hit everything inside of it, and I was like, man,
Speaker 3: what does this man do for a living. And then
Speaker 3: that's my boy say yeah, my uncle real estate in Vesta.
Speaker 3: And then that's when they clicked for me, like man, okay,
Speaker 3: he not playing an NFL. My man ain't win a lottery.
Speaker 6: You know what I'm saying. He literally is a real
Speaker 6: estate in vester.
Speaker 3: He living like this, He's living like this image that
Speaker 3: I hid in my mind of how I wanted to
Speaker 3: become a millionaire, what my life would look like. And
Speaker 3: so at that point, that's when I met with him
Speaker 3: and he introduced me to my real estate broker April,
Speaker 3: and we did this thing where you know where I
Speaker 3: said that I created this lifestyle for myself, right, I
Speaker 3: created this whole lifestyle of what a millionaire life looked like.
Speaker 3: So I said, I wanted to live in this kind
Speaker 3: of house. I said, I want to drive this kind
Speaker 3: of car. I said, I wanted to, you know, send
Speaker 3: my kids. Then I ain't even have kids at the time,
Speaker 3: but I said, I want to send my kids to
Speaker 3: this type of school when I would have kids. And
Speaker 3: then at that point I wrote down like literally how
Speaker 3: much that cost? How much this whole life costs. I
Speaker 3: put all of this on paper, and it's crazy because
Speaker 3: I still got this paper where I wrote it all out,
Speaker 3: and it was like, this is what my my lifestyle
Speaker 3: would cost. And then I went and said I was
Speaker 3: going to buy a building for every single bill that
Speaker 3: I would have at the time. So if I said
Speaker 3: I want to live in a five thousand square foot house,
Speaker 3: I researched what five thousand square foot houses cost, and
Speaker 3: if the mortgage to that cost three thousand dollars, then
Speaker 3: I said, Okay, I'm gonna purchase this for you in
Speaker 3: a building. And after I paid the mortgage expenses, the
Speaker 3: net cash flow from this building now is two thousand
Speaker 3: dollars or whatever. How many properties would it take for
Speaker 3: me to cover this house? And literally I created this
Speaker 3: whole million dollar lifestyle from one property at the time.
Speaker 2: So that's incredible. So I know I'm sending it as
Speaker 2: a guy who was in a nine to five hours
Speaker 2: teaching the number one thing is like and most people
Speaker 2: they doubt themselves because they say, I don't have the funding.
Speaker 2: So in the beginning, was it your teacher's salary not
Speaker 2: your teach salary. But your police salary that funded the
Speaker 2: first couple of properties. How did that work?
Speaker 3: Yeah, so my first property, bro, my first property was
Speaker 3: a four unit building. I had to put down fifteen
Speaker 3: thousand dollars down. And at this time, I was only
Speaker 3: making thirty six thousand dollars a year as a cop,
Speaker 3: and that's for taxes, right. I was making thirty six
Speaker 3: thousand dollars twelve hundred dollars every two weeks. So I
Speaker 3: couldn't really I didn't have any money.
Speaker 6: And so what I did.
Speaker 3: They have a thing called uniform allowances with the police
Speaker 3: department where they literally would give you money to buy
Speaker 3: new uniforms, to get a vest, to get your gun,
Speaker 3: to get all these things. And so I knew my family,
Speaker 3: my parents, my brother, everybody was already police. So I
Speaker 3: went to them. Man, I was borrowing my dad's vest,
Speaker 3: I borrowed my brothers, you know what I'm saying, uniform
Speaker 3: duty belt. I was borrowing different items from different people,
Speaker 3: and I was just taking the uniform money and I
Speaker 3: was putting that money in my pocket. And at the
Speaker 3: time I was engaged to you. My wife now and
Speaker 3: she would like save one of her checks and give
Speaker 3: it to me, and so we literally were saving our
Speaker 3: way to that first property. And that first property we,
Speaker 3: like I said, we had to put down fifteen thousand
Speaker 3: dollars on it. I had to sell her actually cover
Speaker 3: all my carrye I mean, my clothing costs. So I
Speaker 3: only had to put down the down payment of fifteen
Speaker 3: thousand dollars.
Speaker 5: So you said, all right, you start wing you twenty two,
Speaker 5: and then you say you become million twenty six.
Speaker 6: Yeah, by the age of twenty six.
Speaker 3: How many properties did you have at that point that time?
Speaker 3: I probably hit about six properties. I know, I was
Speaker 3: making sixteen thousand dollars a month net cash.
Speaker 5: Flow from my real estate. So you had your portfolio
Speaker 5: was worth a million. You was getting sixteen thousand dollars
Speaker 5: a month.
Speaker 3: My portfolio was worth one point seven million. Point bro,
Speaker 3: It's crazy. I didn't even know I was a millionaire.
Speaker 3: That's the crazy think about it. Like, literally, I was
Speaker 3: sitting there doing exactly what I told you. I was
Speaker 3: buying a building for every bill. I created this lifestyle
Speaker 3: for myself. And this is when me and my wife
Speaker 3: was starting a daycare center. We was looking to start
Speaker 3: the first daycare center, and we went to go get
Speaker 3: a business loan and we got. You know, they wanted
Speaker 3: us to come, bring our portfolio and bring whatever else
Speaker 3: we had, all our financials. And when we went in
Speaker 3: front of the bank, the London name was Darryl Tucker,
Speaker 3: and I remember he used to always call me Officer King,
Speaker 3: Officer King, cause I would go there in my uniform. Well,
Speaker 3: he looked at my p and ls and he you know,
Speaker 3: my assets and my net worth. He looked at me
Speaker 3: and then he was like, mister King, He's like, you're
Speaker 3: a millionaire. And I was in my police uniform at
Speaker 3: the time, and I was like, I'm a millionaire. I
Speaker 3: didn't even know I was a millionaire. And he was
Speaker 3: like yeah, he's like, your net worth is one point
Speaker 3: seven million dollars. And that's the thing. I didn't even
Speaker 3: know what the time, really what net worth was. And
Speaker 3: that's why I try to show people like bru real
Speaker 3: estate is the quickest way to get your net worth
Speaker 3: up if you just think about it. If you guys
Speaker 3: in the financial world, the average what is the average
Speaker 3: networth or the medium net worth of a black family
Speaker 3: is twenty eight thousand dollars twenty eight thousand dollars by
Speaker 3: the time I was twenty six, my net worth was
Speaker 3: one point seven million dollars just from investing in real estate.
Speaker 5: So what made you continue to work when you were
Speaker 5: getting sixteen thousand dollars a month a millionaire but in
Speaker 5: your net worth? Why did you continue? Because then you
Speaker 5: continue for fifteen more years after that? Yeah, So what
Speaker 5: was the what was the drive to just And that's
Speaker 5: a very dangerous job, you know, in a very tough neighborhood,
Speaker 5: So it's not like something that's an easy job to do.
Speaker 5: Why did you continue to be a police officer?
Speaker 3: But the thing about it is you always hear people
Speaker 3: talk about quit your job. Quit your job. If you
Speaker 3: want to make it, you need to quit your job.
Speaker 3: And I was surrounded around on fifteen thousand other police officers.
Speaker 3: So being to run around all these fifteen thousand police officer,
Speaker 3: I had fifteen thousand other people that wanted to rent,
Speaker 3: fifteen thousand other people that I could sell properties to.
Speaker 3: I told you my wife and I started daycare centers.
Speaker 3: I had fifteen thousand people that was having children that
Speaker 3: the police only trust the police. You know, I don't
Speaker 3: know how it is, but if you think about it, true,
Speaker 3: the police only trust police, and so now here it
Speaker 3: is when the police was hearing that, Hey, this police
Speaker 3: officer got a daycare center. And you think about the
Speaker 3: police department, it's twenty four hours, it never closes. The
Speaker 3: fire departments twenty four hours, it never closed it. So
Speaker 3: you got a night shift, you got a day shift,
Speaker 3: you got an afternoon shift. We would literally our first
Speaker 3: daycare center, we made that twenty four hours. So if
Speaker 3: you think about it, our first daycare center, we held
Speaker 3: one hundred kids in that daycare center. The average kid
Speaker 3: was paying about one thousand dollars a month. So our
Speaker 3: first year in business, we was making one hundred thousand
Speaker 3: dollars a month from a daycare center.
Speaker 6: And a daycare center was in Inglewood.
Speaker 3: It was in one of the worst neighborhoods in Chicago
Speaker 3: that we were making a hundred thousand dollars a month
Speaker 3: from that daycare center. And most of our clients of
Speaker 3: some of our clients were police officers, were firemen, were teachers.
Speaker 3: When they found out that a police officer own this
Speaker 3: daycare center, then at that point everybody was like, oh wow,
Speaker 3: it's safety here, you know. And so I never felt
Speaker 3: the need to have to quit my job. It was
Speaker 3: like I got an ecosystem of police officers here that
Speaker 3: needed places to rent, They need places to live. I
Speaker 3: was flipping properties to police officers. I knew they had safe,
Speaker 3: secure jobs. Matter of fact, I was walking up to
Speaker 3: the lender that first told me that I was a millionaire, saying, hey,
Speaker 3: you need to get approved for this property through here
Speaker 3: and so and then. Another thing that I was telling
Speaker 3: you about before was that I looked at everything as
Speaker 3: a vehicle. You know, how many vehicles do you have
Speaker 3: in your garage. I talked to people all the time.
Speaker 3: They got several cars in their garage, but they feel
Speaker 3: like they only could have one job. They only could
Speaker 3: feel like that. You know, I only could do one thing.
Speaker 3: And I never looked at it that way. I looked
Speaker 3: at it like, look I can, I can work as
Speaker 3: a police officer. So the police department was my hootie,
Speaker 3: right if we just break it down. Vehicle A wait,
Speaker 3: that was my HOOTI. That was my dependable vehicle. That
Speaker 3: was my Toyota Camry. Every single day, I know that
Speaker 3: car will start up right no matter what. The real
Speaker 3: estate investing to me was like my Catillac Escalade. That
Speaker 3: was something that to get me through the snow. That
Speaker 3: was something that I wanted to travel. The daycare centers
Speaker 3: was like another vehicle. So every business that I had,
Speaker 3: everything that I did, I never felt the need to
Speaker 3: get rid of another one. You know, every millionaire has
Speaker 3: at least seven streams of income. One of those streams
Speaker 3: of income is earned income. So the police department was
Speaker 3: my earned income. That was that stream that kept the
Speaker 3: benefits right. It kept those those things that we have
Speaker 3: as a user teacher right, and so your pension, you know,
Speaker 3: your if people be so quick to lead their job,
Speaker 3: and it's like, look for if everybody out here is
Speaker 3: like Troy, you know where you you know, lead your
Speaker 3: job and then started a podcasting nor more podcasts in
Speaker 3: the world.
Speaker 6: That's cool. But for the most people, for the regular people, bruh,
Speaker 6: I got a wife.
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Speaker 3: Bro, I got kids like I just can't afford to
Speaker 3: just quit my job and just take a leap.
Speaker 6: You hear people say all the time, Man, just take
Speaker 6: that leap, brother, Just go ahead, take that.
Speaker 3: Leap and I say, man, look, look, the time is
Speaker 3: gonna come and you can know that you need to
Speaker 3: leave your job. Because I did leave my job after
Speaker 3: a while, but in the meanwhile, doing the process of
Speaker 3: becoming I felt like my job was not getting in
Speaker 3: my way.
Speaker 6: My job is anything.
Speaker 3: It kept me straight because I was the type bro
Speaker 3: where I didn't save for emergency funds.
Speaker 6: I wasn't. I hear people all the time talk about like, hey,
Speaker 6: you should save.
Speaker 3: For an emergency fund, bro, when you going through life
Speaker 3: and going through the things that I went through as
Speaker 3: a police officer.
Speaker 6: Every day was an emergency.
Speaker 2: Bro.
Speaker 3: My first month on the job, my first matter of fact,
Speaker 3: my first my first call on the job, my first
Speaker 3: call on the job was a disturbance. And I never
Speaker 3: forget bro, it was a disturbance. We we looked, this
Speaker 3: is my first job, my first call. We get a
Speaker 3: call of a disturbance and we get to the location
Speaker 3: and this is aggression. We get to the location and
Speaker 3: they say the family was sitting outside and they like, officers,
Speaker 3: uncle Fred and take his medication today. And they was like, yeah,
Speaker 3: we need you to go go take care of our uncle.
Speaker 3: And we're like okay, cool, uncle Fred medication. They didn't
Speaker 3: even click on me. I was a rookie, right, and
Speaker 3: then so we go upstairs to the to the third
Speaker 3: floor where you know where the guy was at The
Speaker 3: second we got upstairs, we see this guy, no shirt on,
Speaker 3: army fatigues. Dude had a bandana tied around his head.
Speaker 3: He defecated on hisself, put it on his face like
Speaker 3: camouflage all of his body. And then my man came
Speaker 3: turned and looked at me, and my partner was like,
Speaker 3: come on, he like literally put his hands up like like, look,
Speaker 3: this is my first job.
Speaker 6: Br Like, I didn't even want to be a police officer.
Speaker 2: Now since Rainbow have we seen something like that?
Speaker 3: So brough So I said, I said, my first month
Speaker 3: on the yeah. Then my second month, now this is
Speaker 3: the one that was a little bit more serious. This
Speaker 3: is the only time that I thought about quitting my job.
Speaker 3: Was we got a call of a disturbance.
Speaker 5: I know, we didn't.
Speaker 3: It was a call of juveniles outside, and me and
Speaker 3: my partner Broun, and I call this my wake up
Speaker 3: call in life. Me and my partner literally pull up
Speaker 3: and we see several juveniles outside, you know, and they
Speaker 3: out there just hanging out. It was like midnight, and
Speaker 3: so we said we was gonna take him home. You
Speaker 3: know one kid in particular. I went to the kid
Speaker 3: to go pat him down because we was gonna put
Speaker 3: him in our car and take him home.
Speaker 6: As I go to pat this.
Speaker 3: Kid down, bruh, the kid pushes me, takes off runs
Speaker 3: down the street. I started chasing at them. Literally, bro,
Speaker 3: run about two blocks. He dashed between these two buildings.
Speaker 3: He jumps up on this fence. I grabbed him down
Speaker 3: from the fence. He's like wrapping up. What's that bob
Speaker 3: wh at the top of the fence. As I'm pulling
Speaker 3: this kid down, Bro, this guy, this kid pulls out
Speaker 3: a gun, puts his hand on the trigger. Bruh, and
Speaker 3: again it starts to pull the trigger. Bullets is literally
Speaker 3: coming out of the gun. I am holding the gun
Speaker 3: while fiers coming out of this gun. As we're fighting
Speaker 3: over this gun, my partner pulls up. It was an
Speaker 3: old timer. He said he couldn't see us. He gets
Speaker 3: out the car, sees bullets coming at him, so he
Speaker 3: turns around and starts to shoot at both of us.
Speaker 3: The kid goes over to the other side of the fence,
Speaker 3: drops the gun, I take cover, and the kid end
Speaker 3: up getting away. But literally after that had happened, all
Speaker 3: of the supervisors came on the scene as a rookie
Speaker 3: cop because I was still on probation. They took my
Speaker 3: gun from me and I ain't even firing my gun.
Speaker 3: They put me in the back of a squad car
Speaker 3: and they told us to sit here because my partner
Speaker 3: fired sixteen shots and all his bullets went across the
Speaker 3: street to another building that was across the street, so
Speaker 3: they said, somebody is probably in this building dead.
Speaker 6: So here it is now.
Speaker 3: They took my partner, put him in one car, put
Speaker 3: me in one car, and literally I'm just sitting here
Speaker 3: in the back of the cot just thinking of myself.
Speaker 3: That was the only time that I wanted to quit.
Speaker 3: While I was like, man, all I wanted to do
Speaker 3: was have a secure job. I just want a job
Speaker 3: with benefits. I just wanted to be able to take
Speaker 3: care of my family. And now here it is, I'm
Speaker 3: possibly fight for my life right now. After I just
Speaker 3: literally got shot at and so it was things like
Speaker 3: that where I was like, Okay, cool, I'm gonna be
Speaker 3: I'm done with the mindset that most people have on
Speaker 3: their jobs where you're like, Okay, I'm gonna let this
Speaker 3: job take care of me for the next thirty years.
Speaker 3: I'm gonna buy into the system of the company. But
Speaker 3: I wasn't finished with this one stream of income that
Speaker 3: I have.
Speaker 2: At the time.
Speaker 6: So those are my first two calls ever.
Speaker 3: But at that point, Bro, I was just like, I
Speaker 3: got this vision of how I want my life to be,
Speaker 3: and no matter what, no matter what this job bring me,
Speaker 3: no matter what's going on, I'm going to get there.
Speaker 3: And I think a lot of people quit their jobs prematurely.
Speaker 3: You know, you just think about a lot of people
Speaker 3: just quit their jobs prematurely. So I never wanted that
Speaker 3: to be me. I said, I have a vision of
Speaker 3: how I want my life to be, and I'm going
Speaker 3: to maintain I'm not gonna let this one stream of
Speaker 3: income that I have get away from me because I
Speaker 3: knew I was leveraging the police department, leveraging my nine
Speaker 3: to five in order to purchase real estate.
Speaker 2: When you drew up that plan, because that's like I
Speaker 2: never even thought that, right, Like, not only are they
Speaker 2: your colleagues, but they are going to eventually be your
Speaker 2: clients when you drew up the plan? Was that originally
Speaker 2: the vision or did that come along the way right,
Speaker 2: because I'm thinking, like daycares that makes so much sense. Yeah,
Speaker 2: why wouldn't you be doing that? So did you know
Speaker 2: that pride to going in or did as you're going
Speaker 2: and saying I real estate, All right, well I can
Speaker 2: rent homes and sell homes to them, but hey, they
Speaker 2: have children too, I can do a daycare too. And
Speaker 2: then the second part to that is like that's three
Speaker 2: different streams. You have a job that is pretty intensive,
Speaker 2: so what's the balance, like we're managing all that?
Speaker 3: Yeah, So for managing for me, it was always just
Speaker 3: like just like Rasha, I just got through saying I
Speaker 3: have a chain of daycare centers with my wife. I
Speaker 3: have a security company, pretty large security company with my brother.
Speaker 3: So I literally put people in place or start businesses
Speaker 3: with people that's family, people that I trust, that I love,
Speaker 3: that's friends of mine, and so that way it doesn't
Speaker 3: feel like a job. I'm with my wife all day long,
Speaker 3: you knowing, So that way we're able to you know,
Speaker 3: we were together already, so it's not hard for me
Speaker 3: to manage that same thing with my brother.
Speaker 6: So it's not hard.
Speaker 3: I like to see other people making money at the
Speaker 3: same time that I'm making money, and so it never
Speaker 3: seemed like it was anything that I had to work
Speaker 3: hard to do, you know. It just seemed like it
Speaker 3: came natural. And then with the police department, in the beginning,
Speaker 3: I would say I didn't see the police officers bringing
Speaker 3: their kids to my daycare center. It wasn't until I
Speaker 3: hit this one instance where I actually hit a lady
Speaker 3: cop that was working with me, where she I think
Speaker 3: something happened was she didn't have a babysitterer and couldn't
Speaker 3: drop her kid off. Ugh, she couldn't come to work
Speaker 3: that day, and so at that point, that's when she
Speaker 3: asked me if she could bring her kid to my
Speaker 3: daycare center. And then I was like, man, it's a
Speaker 3: need for childcare. And then at that point that's when
Speaker 3: we start opening up daycare centers strategically around the different
Speaker 3: police departments police stations that I worked at, because it
Speaker 3: was right there, so when police officers got off work,
Speaker 3: then they were able to just come there and pick
Speaker 3: the child up.
Speaker 2: Now, just the second part too, it because I'm thinking,
Speaker 2: like we have a lot of people who were married,
Speaker 2: was your wife's vision aligned with yours or was it
Speaker 2: something that you have to convince her, because like I'm
Speaker 2: not sure was she in law enforcement, because a lot
Speaker 2: of people try, Like I'm married now, right, So like
Speaker 2: my wife's vision may not be with mine, but she'll
Speaker 2: support me because she understands that there's a mission. Same
Speaker 2: thing for your brother, Like we put people in positions
Speaker 2: and sometimes they're not ready to be in that position
Speaker 2: and then it ends up backfiring. So where they both
Speaker 2: lot this was both aligned with what they had visions
Speaker 2: for themselves. They were like, let me support our brother
Speaker 2: our husband.
Speaker 3: Yeah, so my brother. So I actually looked at the
Speaker 3: things that they were doing already. So with me and
Speaker 3: my wife, we just hit our daughter right, and my
Speaker 3: wife she wanted to still you know, my wife wanted
Speaker 3: to still make money, but yet she wanted to still
Speaker 3: take care of our kids. So we went around looking
Speaker 3: at daycare centers for our daughter and it was like
Speaker 3: we couldn't find a daycare center that was nice enough.
Speaker 6: You know, for our child.
Speaker 3: And then when I found out what or daycare Simmons
Speaker 3: was actually charging, I was like, man, I can't believe this.
Speaker 3: I was in real estate, so I took a church.
Speaker 3: I literally took a church. I renovated a church one
Speaker 3: property at the time. I literally fixed and flipped our
Speaker 3: way because we never got that loan for that daycare center,
Speaker 3: so I had to flip properties. So I would buy property,
Speaker 3: fixing it up up, flip it, take fifty percent of
Speaker 3: the profit and put it back into not flipping another property,
Speaker 3: and they will take the other fifty percent and put
Speaker 3: it into the daycare center itself, you know. And so
Speaker 3: that's how we end up starting out with the first
Speaker 3: daycare center. But with my wife, it was just like, look,
Speaker 3: you can do this on your own, Like we can
Speaker 3: literally create our own daycare center and have everybody come
Speaker 3: here and pay us. My brother was already working security,
Speaker 3: like most police officers, they already working part time. This
Speaker 3: is something that he was doing already, and I was
Speaker 3: looking at him going to work every single day, and
Speaker 3: I'm like, bro, why don't we own our own security company?
Speaker 3: And so I take what people are doing already and
Speaker 3: then I just go ahead, and I'm that financial backing.
Speaker 3: I'm that visionary, the one that say, hey, look we
Speaker 3: can start our own business. And I think a lot
Speaker 3: of people missed that brother. When I tell you, people
Speaker 3: are so quick to lead a job or lead a
Speaker 3: situation they're in. If you just look at the situation
Speaker 3: you're in, there's a business in that, there's a business
Speaker 3: in that, you know. And so we just was able
Speaker 3: to do it. And within the first year, me and
Speaker 3: my brother, our business went from zero to a million
Speaker 3: million dollars, a million dollar security company. And now our
Speaker 3: security company makes millions of dollars. And it all came
Speaker 3: from him having the knowledge. For years he worked part
Speaker 3: time job for everybody else. He was a part time
Speaker 3: security guard for everybody else except for hisself.
Speaker 5: So all right, so let's get into this. I want
Speaker 5: to talk about the security. I want to talk about
Speaker 5: the daycare each individually, and I also want to talk
Speaker 5: about the development. But let's start with the real estate
Speaker 5: investing aspect of it. You put a post up a
Speaker 5: few years ago that I have reposting a lot of
Speaker 5: traction about Section eight. Housing. People have a bad stigma
Speaker 5: about Section eight. Is it's still called section eight. I
Speaker 5: think they might have changed it.
Speaker 2: Yeah, I think section.
Speaker 5: So you are big on the Section eight.
Speaker 3: I love it, all right, So, especially during the pandemic, explain.
Speaker 5: Explain why it's beneficial and how did you get turned
Speaker 5: on to that?
Speaker 3: Yeah, so my first tenants were Section eight. I started
Speaker 3: out with Section eight. Real estate broker she told me,
Speaker 3: you know, I, as a police officer, we look for
Speaker 3: secure money, right I work. I'm a city worker, So
Speaker 3: first and the sixteenth, I know that I'm going to
Speaker 3: get my money the first thing, no matter what happens,
Speaker 3: no matter what the economy, no matter what's going on,
Speaker 3: that first and the sixteenth police officers look for that
Speaker 3: paycheck in that same kind of way.
Speaker 6: For me, I didn't have a bunch of money saved up.
Speaker 3: So if I couldn't pay my mortgage, you know I
Speaker 3: didn't have money, Well I could just go tap me
Speaker 3: into my bank account to go pay this mortgage. So
Speaker 3: I needed that guarantee secure money. So my real estate
Speaker 3: broker she taught me, told me about Section eight and
Speaker 3: the process was to me, it was great because with
Speaker 3: Section eight is like they actually manage your building for you.
Speaker 6: You know, before you can.
Speaker 3: Move a tenant into your property, they come out, they
Speaker 3: inspect the property, they tell you what needs to be fixed,
Speaker 3: you know, what needs to be changed, and then they
Speaker 3: take pictures of it and then they do a yearly
Speaker 3: inspection every single year. And then so when they come
Speaker 3: out yearly and inspect this property, they're telling you, all right,
Speaker 3: this needs to be fixed, needs to be fixed. So
Speaker 3: pretty much Section eight was like a property manager for me.
Speaker 3: They made sure that my property was kept up, and
Speaker 3: it was the guaranteed money part they really you know,
Speaker 3: kept me going.
Speaker 5: Well.
Speaker 3: I think a lot of people so like during the pandemic,
Speaker 3: after that post came out, a lot of people was
Speaker 3: just like, oh no, I wouldn't do Section eight. Section eight.
Speaker 3: They you know, man, they messed your place up. Oh man,
Speaker 3: they gonna tear your place up. And I'm like, I
Speaker 3: didn't have that kind of result because every single year
Speaker 3: they're doing an inspection and they know if the damage
Speaker 3: came from the tenant or if the damage came or
Speaker 3: if it's something that's on the owner that needs to
Speaker 3: be fixed. And so for me, I was just like, man,
Speaker 3: section eight is the way to go. When COVID struck, though,
Speaker 3: everybody tended like people stopped paying, right, people stopped paying.
Speaker 3: The only people that were still paying and paying on
Speaker 3: time was Section.
Speaker 5: Eight because that's the government for them, right, it's the
Speaker 5: government paying form that the government pays one hundred percent,
Speaker 5: or it's like, well, some people have co payments, right,
Speaker 5: and so I have tenants where they do pay one
Speaker 5: hundred percent. I have tenants where the tenant has a fifty.
Speaker 3: Dollars co payment, and I'm talking about what a rent
Speaker 3: might be thirteen hundred dollars and intendent only have to
Speaker 3: have fifty dollars copay. I have some tenants where the
Speaker 3: government pays fifty percent and a tenant pays the other
Speaker 3: fifty percent. It's a program where it's designed to get
Speaker 3: tenants to become self sufficient, right, It's designed to get
Speaker 3: people to become self sufficient. But like I said, I
Speaker 3: say at tenants over the last ten years that's been
Speaker 3: on Section eight, and I mean, I love it because,
Speaker 3: like I said, it's guaranteed money. And whenever you're building
Speaker 3: a business, I think that in the beginning. Now I
Speaker 3: have so many units where if I have a tenant
Speaker 3: that doesn't pay, that's not Section eight. I can still
Speaker 3: get profit from another property. But in the beginning, and
Speaker 3: I tell this to anybody when you're starting out in
Speaker 3: real estate, I would definitely start out with secure, guaranteed
Speaker 3: money because you can't afford to miss a payment.
Speaker 5: And it's a common misconception people have about Section eight
Speaker 5: that think it's only for public housing. But you could
Speaker 5: have any place could be Section eight if the landlord
Speaker 5: wants to rent it to Section eight. Yeah, yeah, I
Speaker 5: saw like a private It doesn't necessarily have to be
Speaker 5: public house. It could be a private house and they
Speaker 5: get a voucher, right, and they can just live there.
Speaker 3: Correct, So you make your place section eight ready, so
Speaker 3: it's not like this building here is designated for Section eight. Yeah,
Speaker 3: so any property Section eight ten, it can move anywhere.
Speaker 3: You know, you just have to fill out the voucher.
Speaker 3: And then once they submit that to a Section eight
Speaker 3: they come out doing an inspection and then that's when
Speaker 3: they send you and then you do what's called rent negotiation.
Speaker 3: Then you negotiate the rent, and.
Speaker 5: Then they increase the rent over the course of time. Right, absolutely,
Speaker 5: the government increases it. The government increases it.
Speaker 2: Yep. So in the portfolio, are these properties that you
Speaker 2: have and know it's over three hundre are they predominantly
Speaker 2: in one area in Chicago? And what's the ratio is it?
Speaker 2: I have this percentage that I'm allocating the flip I'm
Speaker 2: keeping these for rent flow, Like, how do you balance that?
Speaker 3: Yeah, so one hundred percent of my properties that are
Speaker 3: in Illinois, right, but most of them are in Chicago.
Speaker 3: So Chicago is so large and so diverse. I got
Speaker 3: properties on the east side of Chicago, the south side
Speaker 3: of Chicago, and the west side of Chicago. I haven't
Speaker 3: got onto the north side because the north side is
Speaker 3: just too expensive, you know. And so yeah, so so
Speaker 3: I have property. So I got this thing where I
Speaker 3: got a purpose of every property that I purchase, right,
Speaker 3: every single property serves a purpose. I don't just go
Speaker 3: buying real estate to buy real estate. I think when
Speaker 3: people do that, they go wrong, you know. So if
Speaker 3: I don't need like if my wife so she wanted
Speaker 3: to do vacations, you want to travel every three months,
Speaker 3: Now we have a property that covers that expense, and
Speaker 3: so we have props. So after that, now we have
Speaker 3: like we flip single family houses, and so we keep
Speaker 3: in our portfolio multi unit buildings and so those are
Speaker 3: cash flow properts that take care of everything in our
Speaker 3: life that we needed to take care of. And then
Speaker 3: the single family houses we flip those because we find
Speaker 3: single family houses more easier to flip because you got
Speaker 3: right now as a housing market and everybody's looking to
Speaker 3: move into a home, and you know, we're still flipping houses.
Speaker 3: You know, people are still buying even right now with
Speaker 3: this so called pandemic or high interest rates. And really,
Speaker 3: to me, interest rates are not really that high. When
Speaker 3: I first got started in real estate two years ago,
Speaker 3: you know, the average interest rate was about eight percent
Speaker 3: you know where today, and people was happy for that.
Speaker 3: I remember back in I don't remember, but I've heard
Speaker 3: back in the eighties, interest rates was like eighteen percent. Yeah,
Speaker 3: they were double digits, and so you know, people still
Speaker 3: getting mortgages then, and so yeah, so right now we
Speaker 3: fix and flip, and we also we still fix and
Speaker 3: flip multi units for people that's doing house hacking. You
Speaker 3: know house hacking where a person the owner would live
Speaker 3: in one unit and rent out the other units to
Speaker 3: cover their mortgage, which is great for somebody that's retiring
Speaker 3: from you know, being a teacher, being a police officer,
Speaker 3: and you're looking to supplement that income. You know, house
Speaker 3: hacking is the way to go. So those are the
Speaker 3: types of people that we flip properties to. So you
Speaker 3: put on Instagram that the five keys to protecting your
Speaker 3: rental investment. Let's go through each one of them. Property insurance, Yes,
Speaker 3: you got to have property insurance. I remember when I
Speaker 3: did my second property, I didn't have the right head
Speaker 3: property insurance. I didn't have the right property insurance. I
Speaker 3: didn't know that you have to have a policy that
Speaker 3: covers theft, and so I had property insurance on the property,
Speaker 3: but it just covered tenant. It was a tenant policy
Speaker 3: as opposed to a renovation policy. And so because I
Speaker 3: did not have property insurance, the right policy on that property,
Speaker 3: somebody broke into that property and stole I had all
Speaker 3: the material in there. I had everything in there, and
Speaker 3: they end up ripping me off and taking everything out
Speaker 3: of there. So people need to make sure they have
Speaker 3: the right insurance policy.
Speaker 5: So the right insurance policy should have deaf insured. What
Speaker 5: should the right insurance policy?
Speaker 6: It depends on what you're doing.
Speaker 3: So if you're doing a fix and flip, you know,
Speaker 3: you definitely want to make sure that you're having a
Speaker 3: policy that covers theft. You know, not a tenant policy
Speaker 3: because you don't have a tenant in that property, and
Speaker 3: so in your insurance agent a lot of times won't
Speaker 3: even tell you that. You know, a lot of times
Speaker 3: when investors are getting into real estate, you're just looking
Speaker 3: to get a policy and the end you're just looking
Speaker 3: to get the cheapest policy. Right, You're just like, man,
Speaker 3: I just want Once they give you the amount, you're
Speaker 3: just like, yeah, I just want the cheapest one. But
Speaker 3: you need to read the fine print and actually get
Speaker 3: one that's covering what you're doing.
Speaker 2: So like if somebody if you're building and you're putting
Speaker 2: in a stove or you're putting in the fridge a
Speaker 2: no time, like people are just I've seen that happen
Speaker 2: when people will take these type of appliances out of
Speaker 2: somebody's house while they're building it.
Speaker 3: All the time. It just happened to me probably several
Speaker 3: months ago during the pandemic. We literally moved the pliances
Speaker 3: into a house and then like within seven hours, all
Speaker 3: those appliances came right.
Speaker 6: Off the house.
Speaker 2: Seven hours.
Speaker 3: Seven hours wasn't even whole twenty four hours. Somebody saw
Speaker 3: us moving appliances in, they came there and took the
Speaker 3: pliances right out of there. But that type of policy happened. Yeah,
Speaker 3: that you can actually write that off or you can
Speaker 3: actually get a reimbursed for that, you know, But if
Speaker 3: you just hit a rental policy, it won't cover that.
Speaker 2: Do the premiums I mean, if that happens out, do
Speaker 2: the premiums go up on the insurance? Is how it
Speaker 2: works the same thing like in cars.
Speaker 3: Yeah, I haven't had premiums go up based on something
Speaker 3: that small. Now, if you're talking about something major, you know,
Speaker 3: then of course your premium will go up. But something
Speaker 3: small like okay, refriger you know, five thousand dollars nah?
Speaker 3: Property manager, yes, property manager, Especially if you're a nine
Speaker 3: to fiver, if you work in a job, you don't
Speaker 3: have time to manage your property. And I think that's
Speaker 3: been the secret sauce to me over my whole time.
Speaker 3: I didn't have time to every time somebody called me
Speaker 3: talking about some ads, this broke down.
Speaker 6: I don't know how to fix anything.
Speaker 3: Bro When I tell you that, like I own over
Speaker 3: three hundred and eighty units and I don't know how
Speaker 3: to change a toilet. I don't need to know how
Speaker 3: to change a toilet. That's my property manager's job. My
Speaker 3: property manager knows how to find the people that's gonna
Speaker 3: change the toilet for me. And I think people don't
Speaker 3: get in real estate because they think that you got
Speaker 3: to know how to do all this stuff. Bru, I
Speaker 3: don't know how to do anything. And I mean, I
Speaker 3: could probably learn how to do it, but I need
Speaker 3: to be purchasing more properties. Somebody has to be the
Speaker 3: one that's the visionary. Somebody got to be the one
Speaker 3: that's actually, you know, put bind the properties. And so
Speaker 3: that's my job. And so have a property manager. And
Speaker 3: so now when you say, okay, Jamal, you got three
Speaker 3: hundred eighty units, yeah, I don't know that one of
Speaker 3: my tenants, and my tenants don't know me personally, but
Speaker 3: my property manager knows all three hundred tenants. Right, My
Speaker 3: property manager knows all the ten and I deal with
Speaker 3: the property manager. So all my tenants pay my property manager,
Speaker 3: and my property manager pays me. It's easy to deal
Speaker 3: with one person, but imagine if you had to deal
Speaker 3: with all of these different people too much, it'll be
Speaker 3: too much. You wouldn't even Now it's like, okay, I
Speaker 3: need to quit my job because this has become a job,
Speaker 3: you know what I'm saying. So that's been the secret, sauce.
Speaker 3: I have managers for everything that I do. When it's
Speaker 3: easy for me to manage one person. So now I
Speaker 3: grow my portfolio to a thousand properties. Fine, I got
Speaker 3: one property manager though that I deal with. Oh, I
Speaker 3: can separate it five hundred units to this property manager,
Speaker 3: five hundred units to that property manager.
Speaker 6: But we have to simplify it.
Speaker 3: And I think that a lot of times we make
Speaker 3: things too complex because we're trying to do everything on
Speaker 3: our own. And so that property manager, even a project manager,
Speaker 3: if you're doing a fix and flip, here it is.
Speaker 3: I'm with you guys right now, talking to you, and
Speaker 3: I'm working on sixteen fixing flips right now in Chicago.
Speaker 3: I'm not on my phone right now. Like a home depot, Yeah,
Speaker 3: put the chandelier here, Yeah, we want this. No, I
Speaker 3: have a project manager that knows exactly how I fix
Speaker 3: up these properties.
Speaker 5: So that was the next thing. So all right, so
Speaker 5: the property manager is ten percent. You pay them ten percent?
Speaker 6: Yeah, so property manager, I pay ten percent.
Speaker 3: Sometimes it can go from it can go as low
Speaker 3: as seven percent to twelve percent.
Speaker 5: Of like monthly rent, yes, of the gross of the
Speaker 5: gross and the three hundred eighty units. Correct, and they
Speaker 5: and they manage the property. They managed it from A
Speaker 5: to Z. They manage the property. They if tendants leave out,
Speaker 5: they put the tenants in the property. Not only difference
Speaker 5: is if something goes wrong in the property, they're not
Speaker 5: They're they're finding the contractor or talking with the contractor
Speaker 5: get it fixed. But yet you still have to come
Speaker 5: up with the money to actually pay for that whatever
Speaker 5: it is. And so they're doing the maintenance of it,
Speaker 5: the shoveling of the snow, the cutting up the grass,
Speaker 5: all of the stuff that we don't want to do, right,
Speaker 5: all the stuff that we don't want to do, that's
Speaker 5: their responsibity. You find a good one, just referral, referrals.
Speaker 3: Word of mouth the same way how you find a
Speaker 3: good contractor. You and I tell people all the time.
Speaker 3: Word of mouth is everything you know. If you're gonna
Speaker 3: be in real estate, you know, you ask around, ask questions.
Speaker 3: A good state brokers should know a good property manager.
Speaker 3: A good property manager should know a good contractor. Great
Speaker 3: contractors should know other great contractors, and so everything as
Speaker 3: far as in real estate, it is a hands on
Speaker 3: contact sport where word of mouth, you know, if it's
Speaker 3: a contractor, you should stay away from.
Speaker 6: Trust me.
Speaker 3: People know you know all the bed contractors, they know
Speaker 3: all of the bed property managers and project managers.
Speaker 2: Is there a number that you would get to? And
Speaker 2: it's like, all right, I need to hire more than
Speaker 2: one property manager because you said you spread out the
Speaker 2: entire state of Illinois. I'm thinking, like, damn for one
Speaker 2: person to be moving around like that, that's tough. But
Speaker 2: obviously having section eight helps, yeah, because you know, I mean,
Speaker 2: that's guarantee that probably goes straight to an account. But
Speaker 2: is there a number or is there a reason why
Speaker 2: you just have one and not having all right, Well,
Speaker 2: you have the south side, that's your that's your area.
Speaker 2: You got the east side. Is the reason why you
Speaker 2: don't use that trategy?
Speaker 5: Yeah?
Speaker 3: I tell people it could be five properties, you got
Speaker 3: five units and switch up property managers. It all depends
Speaker 3: on how good they are. And right now, the property
Speaker 3: managers I have hasn't showed herself to not be good.
Speaker 3: To be honest, as long as it's still working. So
Speaker 3: as long as it's still working, I'm gonna keep buying.
Speaker 3: And I think that's the thing, man. As long as
Speaker 3: it's working, then I'm gonna keep buying. Well, the second
Speaker 3: is not working, then I need to switch it up.
Speaker 3: Then I need to go figure out. Okay, something is
Speaker 3: going wrong. Let me go find me another property manager.
Speaker 3: You know, because you're not able to handle all of this.
Speaker 5: Project manager. You spoke about that briefly, all right, So
Speaker 5: the project manager oversees renovation.
Speaker 3: Yeah, project manager acts as the liaison between you and
Speaker 3: the contractor.
Speaker 6: But the last thing you want to do is here.
Speaker 5: It is.
Speaker 3: I'm a police officer and I'm out here in the
Speaker 3: squad car and I'm working, and all of a sudden,
Speaker 3: I got my guys calling me saying, hey, Jamal, we
Speaker 3: need you to come over here and tell us if
Speaker 3: this room is big enough or a Jamal, is this
Speaker 3: the right pink color? I mean that can get when
Speaker 3: you're really doing a lot of projects, you know, you
Speaker 3: need a liaison, somebody in there that knows exactly. I
Speaker 3: got two different ways that I renovate properties. I keep
Speaker 3: it simple. I got two different pink colors. They say,
Speaker 3: this is.
Speaker 6: Jamal gray and Jamal bage. We got we keep it simple, bro.
Speaker 3: We got all of the material one location, and so
Speaker 3: my property manager know, my project manager knows this, knows
Speaker 3: exactly the light fixtures. So imagine I'm only working with
Speaker 3: this one. I'm only working with this one person, and
Speaker 3: then we're going around. I only got to spend this
Speaker 3: whole month with this person. Like, Okay, these are the
Speaker 3: type of life fixtures we get. These are the type
Speaker 3: of This is the type of ceramic Towe marble granted countertops.
Speaker 3: These are the type of kitchen cabinets. We have all
Speaker 3: of this already written out. So now when my project
Speaker 3: manager goes out there and working with my contractors, he
Speaker 3: knows exactly what it is I want. And in that way,
Speaker 3: I don't have to spend time.
Speaker 5: Time.
Speaker 3: Man, this business is about time, and I didn't get
Speaker 3: in this business to take away time from my family.
Speaker 3: I got into it so that I can have more
Speaker 3: time with my family. And the way to do it,
Speaker 3: the way to simplify it, is by having the right
Speaker 3: people in place.
Speaker 5: So you pay him salary or he gets a percentage.
Speaker 3: Now he gets a percentage, he gets ten percent of
Speaker 3: the construction of the costs. So he's ten percent of
Speaker 3: the construction costs. So the construction budgets one hundred thousand dollars.
Speaker 3: Not the problem. Not not how much it costs to
Speaker 3: purchase the property, how much it costs to fix, just
Speaker 3: to fix the property, it gets ten percent of that okay, attorney, attorney,
Speaker 3: Oh brouh, yeah, attorney. This is the thing that a
Speaker 3: lot of people I see in real estate, they make
Speaker 3: the mistake they they try to cut out attorneys because
Speaker 3: you technically don't need to have an attorney to purchase
Speaker 3: a property. You don't have to have an attorney, you know,
Speaker 3: So people always trying to cut it out. But but
Speaker 3: attorneys are so important they act they're there to protect you,
Speaker 3: you know.
Speaker 5: So I got it.
Speaker 3: My attorney happens to be my best friend, the one
Speaker 3: who actually introduced me to his uncle in the beginning.
Speaker 3: So he's actually my real estate attorney. But you know,
Speaker 3: he's there to make sure that if there's any problems
Speaker 3: with my tenants and I do have to go through
Speaker 3: an eviction, he's working for my best interest with my
Speaker 3: property manager, and they're working together. And so if real
Speaker 3: estate is all about your team and having the right
Speaker 3: team and having them all working together, so I.
Speaker 2: Mean that's a lot of units, right, So are you
Speaker 2: doing this in the LLC or is the holding company
Speaker 2: that's getting them? Because I know some people will take
Speaker 2: the strategy like every time I get a property. Yeah,
Speaker 2: I'm gonna create a new LLC so I could keep
Speaker 2: all the finances straight and everything could be very streamlined.
Speaker 2: What's the approach that you take when you're obviously, you know,
Speaker 2: accumulating the units, like.
Speaker 5: Yes to you all.
Speaker 3: So if I'm an fix and flip the property, then
Speaker 3: I just have that in a separate LLC. But if
Speaker 3: we're keeping them, we have a series LLC. And a
Speaker 3: series LLC is where each property is its own LLC,
Speaker 3: but it's under the umbrella of the parent company. And
Speaker 3: the reason why we do that. Imagine if something happened
Speaker 3: to we had all of our properties under one LLC.
Speaker 3: Imagine if we got sued. And I've had this actually
Speaker 3: happen once before. I hit a guy that was he
Speaker 3: was visiting one of my tenants and he was on
Speaker 3: a back porch. He said he was taking the garbage out.
Speaker 3: He's slipping and felled down the back porch of the property.
Speaker 3: It was ice on the porch. He grasped hold to
Speaker 3: the neighbors fence, which he had the spike to the
Speaker 3: top of the fence. He cut his pinky finger. He
Speaker 3: got three stitches in his finger, three stitches, and my
Speaker 3: man was suing for thirty thousand dollars because they were
Speaker 3: able to see at that time that all my properties
Speaker 3: was under the same LLC. And so that a lot
Speaker 3: of times that opens what they call a corporate veil
Speaker 3: where they can see literally that you have everything under
Speaker 3: one LLC. And so now it's like, okay. His attorney
Speaker 3: was like, you know, this guy can afford it. You know,
Speaker 3: it's got owns all of these different properties as opposed
Speaker 3: to putting each property on his own series LLC. And
Speaker 3: then now if that guy sued me, then now he's
Speaker 3: he only can come after me for you know whatsever
Speaker 3: in that property as opposed to coming after everything.
Speaker 5: That I have. He didn't win, by the way, though,
Speaker 5: but you know it's.
Speaker 2: Why he got the attorney.
Speaker 5: Yeah, got the attorney.
Speaker 6: So attorneys.
Speaker 5: So all right, you got seventeen properties in fifteen months,
Speaker 5: at one.
Speaker 3: Point, seventeen properties in fifteen months. No, we got we
Speaker 3: just got one hundred and thirty.
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Speaker 7: Coach, the energy out there felt different. What changed for
Speaker 7: the team today?
Speaker 3: It was the new game day scratches from the California
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Speaker 5: Everything.
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Speaker 7: Are you saying it was the off field play that
Speaker 7: made the difference on the field.
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Speaker 3: Got one hundred and thirty units. Just recently, yeah, just recently,
Speaker 3: we just bought one hundred and thirty unit porfolio.
Speaker 5: The portfolio that was the portfolio. So we'll talk about
Speaker 5: buying a portfolio. What made you want to buy start
Speaker 5: buying a portfolio and how does that different for people
Speaker 5: in buying just regular.
Speaker 3: And yeah, so if you look at what's going on
Speaker 3: in an economy today, people are talking about prices are
Speaker 3: going up with properties, which they are, you know, they've
Speaker 3: been going up for a while. But all of these
Speaker 3: properties that the banks were foreclosing on now so now
Speaker 3: banks are left with just blocks and blocks of properties, right,
Speaker 3: and so the banks now left with all of when
Speaker 3: people wasn't paying rent over this whole time. So now
Speaker 3: the banks have foreclosed on these properties, and so now
Speaker 3: they got all of these different properties in they ario list.
Speaker 3: And so here it is, the banks have these properties
Speaker 3: and they're not selling them individually, and so they're selling
Speaker 3: them as groups of properties. And so if you want
Speaker 3: to buy them, they're saying, let's say it's ten properties
Speaker 3: in this portfolio, you have to buy all ten. But
Speaker 3: when you buy all of the properties, you can leverage
Speaker 3: your money by buying all of this and get these
Speaker 3: properties fifty cent on the dollar. And so that's the
Speaker 3: new game now so it's like, okay, cool, let me
Speaker 3: go buy portfolios as opposed to buy individual properties in
Speaker 3: the market. Right now, when you're going out by individual properties,
Speaker 3: the market is saturated. You might have ten fifteen other
Speaker 3: people trying to buy the same property. But when you're
Speaker 3: buying a portfolio, many people can't come out there and
Speaker 3: spend This portfolio costs US six point eight million dollars.
Speaker 3: So this portfolio cost six point eight million dollars ahead
Speaker 3: an ARV, minding an a three pair of value on
Speaker 3: this once these properties were all fixed up and hit
Speaker 3: an ARV of twenty point one million dollars. And so,
Speaker 3: but most people can't afford to pay six point eight
Speaker 3: million dollars for one hundred and thirty units. And so
Speaker 3: at that point I was able to leverage my cash
Speaker 3: and now we got over one hundred and thirty units
Speaker 3: at one time just by buying the whole group of properties.
Speaker 5: And they were all in Chicago. How do you even
Speaker 5: find You just talk to the bank and ask them, or.
Speaker 3: Yeah, they're actually some of them now they're putting porfolios
Speaker 3: on the market, on the market. Yeah, you actually got
Speaker 3: portfolios that's on the market now. But like I said,
Speaker 3: there's only a small few people that can afford it.
Speaker 3: And don't get me wrong, they got portfolios that you know,
Speaker 3: five properties, it could be a tenth property portfolio. I've
Speaker 3: seen three hundred property portfolios. You know, they are all
Speaker 3: types of portfolios out here. Some of them you can
Speaker 3: get through your real estate brokers. Some of them you
Speaker 3: might get from you know, your banks. You know, you
Speaker 3: can go to the bank and ask them, you have
Speaker 3: a relationship with the bank, you know, what, where's your
Speaker 3: rio list? And then a lot of you know banks
Speaker 3: that give you that list if you have a relationship.
Speaker 3: A lot of times they keep them you know, hush hush,
Speaker 3: but yeah, exactly right. They're not just telling everybody. But yeah,
Speaker 3: so that's the new game. And so a lot of
Speaker 3: these properties you were coming in and getting them fifty
Speaker 3: cents on the dollar.
Speaker 6: So I tell people, you got to change. That's the
Speaker 6: market changes.
Speaker 3: You have to change your strategy on how you're actually
Speaker 3: getting your your properties.
Speaker 2: The more you know you said something, and it's very important,
Speaker 2: your level of exposure will determine your level of success.
Speaker 2: And so as you're on this journey, I wonder who
Speaker 2: and what rooms are you going into to learn more, right,
Speaker 2: because you said you didn't really know anything in real estate,
Speaker 2: but you have to learn it. So who are you
Speaker 2: being exposed to that is giving you the lessons in
Speaker 2: the game in real estate? And then on the other side,
Speaker 2: it's like a double ass question as you're growing the portfolio,
Speaker 2: right and you're still a police officer, your officer.
Speaker 5: King no, no, I'm not a police officer.
Speaker 2: No no, no, no, I'm saying not now. Yeah, I know
Speaker 2: twenty nineteen we said we're done right as you're doing it, Yeah,
Speaker 2: I'm sure your colleagues are looking at you like, hey,
Speaker 2: we're going to watch the game at the law's house
Speaker 2: and they're like, wait, how is he doing? Are they
Speaker 2: now looking at you to be a mentor? Like your
Speaker 2: colleagues is looking into you like how's that work? So
Speaker 2: you're getting are you getting advice from somebody? And then
Speaker 2: now are you giving it?
Speaker 5: Yeah?
Speaker 3: So back then, bru it wasn't many people that I
Speaker 3: could go to. It was kind of like I was
Speaker 3: a pioneer in my area right in the police department.
Speaker 3: It wasn't any other multimillion dollar police officers out there
Speaker 3: buying real estate that I know of, And so I
Speaker 3: was going through doors and uncharted waters. You know, I
Speaker 3: was one of the first people that I know of
Speaker 3: that was actually just going out here buying up all
Speaker 3: this real estate, and so they had your level of
Speaker 3: exposure with the terminal level of success.
Speaker 6: I got exposed to the type of life.
Speaker 3: That I wanted from a friend of mine, you know,
Speaker 3: that was actually an NFL guy, and so he was
Speaker 3: the one that was playing in an NFL that showed.
Speaker 5: Me what money really looked like like.
Speaker 6: I had no clue.
Speaker 3: If it was up to me, if I never would
Speaker 3: have got exposed to him, I would have probably just
Speaker 3: been a million dollar cop living in a basic house,
Speaker 3: right driving a basic cop, because I didn't know any different.
Speaker 3: It wasn't until I seen him living in a ten
Speaker 3: thousand square foot house. Bro Phillis man, I'm a police
Speaker 3: officer making thirty six thousand dollars. This friend of mine
Speaker 3: was my college teammate, and he was living in a
Speaker 3: ten thousand score foot house. And when I saw this,
Speaker 3: it left an impression on me. I mean just it
Speaker 3: did something to me that I promise you still burns
Speaker 3: in me today. Because I couldn't even afford at the
Speaker 3: time to take my wife to Sizzler. You know, I'm
Speaker 3: not talking about the real you know, restaurant, talking about
Speaker 3: I couldn't have. It was things that I couldn't afford
Speaker 3: to do, and I was still living, you know, in
Speaker 3: my parents' house. And it wasn't until I got that exposure, right,
Speaker 3: And that's what this whole your level of exposure to
Speaker 3: termin your love of success. I was seeing, like when
Speaker 3: I went to go visit him, the first time I
Speaker 3: seen little kids they had. They were walking to school,
Speaker 3: and everybody that was walking to school head on the
Speaker 3: plat outfit. And I was like, what is it about
Speaker 3: these plaid outfits? Nobody in Chicago's wearing plaid outfits because
Speaker 3: you went to public school. These kids, though, all he
Speaker 3: had these plaid outfits, and I was like, man, they
Speaker 3: go to private school.
Speaker 6: I took that image.
Speaker 3: I didn't even know the type of school that I
Speaker 3: wanted my kids to go to, but I knew that
Speaker 3: whatever school it.
Speaker 6: Was, they better be wearing plaid outfits.
Speaker 2: You know.
Speaker 3: I knew that I didn't have a vision of like
Speaker 3: a house for myself. I took that image of the
Speaker 3: ten thousand score foot house and then unconsciously, because I
Speaker 3: was exposed to that unconsciously. Now I got a twenty
Speaker 3: thousand score foot house and I had to twenty thousand
Speaker 3: score for the house as a police officer.
Speaker 2: That that that's twenty thousand feature, Bruh.
Speaker 3: I had a twenty thousand score for the house as
Speaker 3: a police officer. And I'll be careful to I never
Speaker 3: really even showed my house on social media because I'm
Speaker 3: not I didn't.
Speaker 6: Do it for the ground.
Speaker 3: I wasn't doing it for other people, broh. I just
Speaker 3: remembered that that that whole thing where I.
Speaker 6: Just want more.
Speaker 3: I come from a family a blue collar people, and
Speaker 3: it's just like I've seen people rub work. I've seen
Speaker 3: people work twenty thirty years and never have thinking that
Speaker 3: they live in life, you know, thinking that they really
Speaker 3: live in.
Speaker 6: Life, brub.
Speaker 3: But it wasn't until I realized it's really started living
Speaker 3: life to notice, to really understand that people really wasn't living.
Speaker 6: And so I said, like, I want to have my
Speaker 6: family experience experienced.
Speaker 3: All the real the real life experience what it feels
Speaker 3: like to be a in a twenty thousand score for
Speaker 3: the house with an indoor swimming pool, to be in
Speaker 3: a twenty thousand school house with indoor basketball court, with
Speaker 3: indoor bro.
Speaker 6: I got to the point we put a nightclub on
Speaker 6: the top floor of a house.
Speaker 3: It's a literal just because I wanted my wife and
Speaker 3: not to be able to be able to have friends
Speaker 3: come over and go experience that life, you know, in
Speaker 3: the night.
Speaker 6: And we were doing all this.
Speaker 3: I was leaving work in my police uniform going over
Speaker 3: to imagining my coworkers coming to this house and I'm
Speaker 3: still working just like them, you know, I'm a police officer,
Speaker 3: just like them. And what it did was unconsciously, it
Speaker 3: made them say that they want to they want to
Speaker 3: go to the next level too. I never told people
Speaker 3: that they need to get in real estate. I wasn't
Speaker 3: that type of person that's like, hey man, you need
Speaker 3: to get real estate, you need to do this, you
Speaker 3: need to do that.
Speaker 2: No.
Speaker 3: I would just showed them. I would show them what
Speaker 3: real estate could do. And I think that's what people
Speaker 3: go wrong get you you're not making it real. I
Speaker 3: made real estate real to the point where I was like,
Speaker 3: look this phenomenal life that I got.
Speaker 6: It didn't come from promotion. Bro. The average promotion.
Speaker 3: On my job was like seven thousand dollars and then
Speaker 3: you gotta work five years in at one position to
Speaker 3: go to the next grade. And then if you have
Speaker 3: to get promoted, if you was lucky enough, you was
Speaker 3: only making like seven thousand dollars where I would buy
Speaker 3: one property every time they gave a promotional test, I
Speaker 3: would buy one property, and that one property would make
Speaker 3: me a minimum of two thousand dollars net cash flow
Speaker 3: every single month. So that was twenty four thousand dollars.
Speaker 3: By the time that I was twenty six years old,
Speaker 3: I was making more than almost every position I could
Speaker 3: have got promoted to in the police department. I saved
Speaker 3: ten years of my life from promotion. And what does
Speaker 3: that do to you? That exposure level that you're talking about,
Speaker 3: What does that do like during that time period where
Speaker 3: person is waiting to get promoted, What if that promotion
Speaker 3: ever happens for you?
Speaker 6: What are you doing with your life?
Speaker 3: People talk about promotion, bro, like they talk about the
Speaker 3: lot mega millions. Remember when they just hit the billion
Speaker 3: dollar lottery and everybody was talking about what they would
Speaker 3: do if they won. Oh, man, I would live here,
Speaker 3: man if I want that lottery, bro, Man, I would dry.
Speaker 6: This, I would get this.
Speaker 3: I would do that, bru People do that same thing
Speaker 3: with promotion on the job where they were talking about,
Speaker 3: you know, if they get promoted, they're gonna send they
Speaker 3: care kids to this school. If they get promoted, they
Speaker 3: would retire their spouse to live in this kind of house.
Speaker 3: I was showing them that you did not have to
Speaker 3: wait for promotion. You was literally one proper year way.
Speaker 3: So I was exposing them in that kind of way.
Speaker 3: And then I had police officers now ask me, Jay,
Speaker 3: how do you do it? How did you do it?
Speaker 5: And I just.
Speaker 3: Literally bro would show them, Brouh, this property can take
Speaker 3: care of this in your life.
Speaker 6: Like Bruh, you.
Speaker 3: Sitting here, you've been on this job for twenty years
Speaker 3: and you're still in the same position. You took ten
Speaker 3: promotional tests and never got promoted. Look at everything you
Speaker 3: done missed out on in life. I remember when you
Speaker 3: first started working with me and you were saying you
Speaker 3: was gonna send your kids to private school. The second
Speaker 3: you got promoted. You never got promoted to your kids
Speaker 3: never went to private school. And it's like, brother, you
Speaker 3: can't put your life on hold. So I would expose
Speaker 3: them in that kind of way, and in now, and
Speaker 3: my closest friends especially, they all got real estate and
Speaker 3: they're all now living that type of life. They've been
Speaker 3: exposed to that. So but I can't say that. You know,
Speaker 3: it was other people like my friend as uncle that
Speaker 3: showed me things, but it was also my friend who
Speaker 3: he just showed me exactly that I knew I couldn't
Speaker 3: play in the NFL right that door was closed.
Speaker 6: But he showed me what it looked like. It gave
Speaker 6: me something to work towards.
Speaker 3: And I think that that's why exposure is so pivotal
Speaker 3: in people lives, bro, Like you got to step outside
Speaker 3: of your surroundings.
Speaker 6: You got to know what you're working for.
Speaker 3: And people just go to work every single day without
Speaker 3: like without setting a bar for theirself, like.
Speaker 6: Knowing why they doing what they doing. Like life is short, bro.
Speaker 3: I done work with people now, not even just the
Speaker 3: people I worked with on the police department for seven years.
Speaker 3: I worked as the wagon person. I literally drove around
Speaker 3: the city of Chicago. We talked about my district. I
Speaker 3: drove around the city of Chicago, and my only responsibility
Speaker 3: was putting bodies and body bigs. I literally it was
Speaker 3: so many people that got killed so many people got
Speaker 3: killed that year. My only job was to work the
Speaker 3: meat wagon and we would drive around the city of
Speaker 3: Chicago and put bodies and body beigs and it's like
Speaker 3: bro the bodies that we put in we had to
Speaker 3: go through their pockets. We had to like literally before
Speaker 3: we took them to the more, we had to inventory
Speaker 3: whatever they had in their pockets. And it was people
Speaker 3: that was in there, the head paycheck, stubbs, that was uncash.
Speaker 6: Movie tickets.
Speaker 3: They had all these different things in their pockets because
Speaker 3: they did not know that they were gonna die. And
Speaker 3: now it did something to me at that moment where
Speaker 3: I was just like, Bruh, I have to live life
Speaker 3: while I'm still alive. You don't know how much time
Speaker 3: you actually have. And for me, bru that that exposure
Speaker 3: just made me. It was exposure from a good way,
Speaker 3: right from my friend to exposure of seeing people pass
Speaker 3: away at young ages, and that did something to me
Speaker 3: and said, I have to live different. I don't know
Speaker 3: how much time I got left, but whatever time I
Speaker 3: have left, I'm gonna do what I got to do
Speaker 3: for my family while I'm still here and I don't
Speaker 3: have to be you know, I think people got the
Speaker 3: misconception where they think that you have to be talented.
Speaker 3: They think that you have to you know, hit it
Speaker 3: big or or you know, become a you know, play basketball,
Speaker 3: play football, you know that we do in our community,
Speaker 3: become a rapper.
Speaker 5: Bruh.
Speaker 6: The playing field is even.
Speaker 5: I looked at real estate.
Speaker 6: That's something that everybody can do. It's simple.
Speaker 5: So I'm saying that, how do you turn nine to
Speaker 5: five money into real estate wealth?
Speaker 3: How do you turn nine to five money to real
Speaker 3: estate wealth? You invest one property at a time. You
Speaker 3: pay yourself first. You take that money. You understand, you know,
Speaker 3: a lot of people they find ways to save up for,
Speaker 3: you know, for emergency fund. People need to understand that
Speaker 3: you are every day is an emergency. Every day that
Speaker 3: you're alive is an emergency. You don't have time anymore.
Speaker 3: You take that money, you save up for your first
Speaker 3: down payment on your investment property. You do it one
Speaker 3: property at time. I didn't go buy three hundred and
Speaker 3: eighty units all at one time. I did this over
Speaker 3: the last twenty years, and I had a building to
Speaker 3: cover every single expense in my life, as opposed to
Speaker 3: depending on my paycheck on my job. If you depend
Speaker 3: on your pay and I don't brother. You gotta really
Speaker 3: think about this. JA paid you one hundred percent of
Speaker 3: your salary while you're working, right when you're retire. I've
Speaker 3: never seen a company to pay you still one hundred
Speaker 3: percent in retirement. And I never heard of a person
Speaker 3: say that one hundred percent of my money was enough.
Speaker 3: So if you're working in one hundred percent of your
Speaker 3: salary is not enough for you to live the way
Speaker 3: you want to live, then what makes you think you're
Speaker 3: gonna retire and then all of a sudden that's gonna
Speaker 3: be enough money for you to live like you have to.
Speaker 3: Your job is not meant to you for you to
Speaker 3: live one. Your job is meant for you to use
Speaker 3: that money to leverage it to invest so that you
Speaker 3: can create the life that you want to live from
Speaker 3: your investments.
Speaker 2: That you said something about the daycare, and it just
Speaker 2: strugled me because I remember the cost for daycare I
Speaker 2: have two children paying it, and then realizing sometimes it
Speaker 2: could be subsidized. But then I thought, I started thinking,
Speaker 2: like McDonald's understands so of like most people think it's
Speaker 2: a fast food restaurant, but it's really a real estate play,
Speaker 2: and so the daycare is do you own the properties obviously,
Speaker 2: so it's a real estate play and as a business
Speaker 2: inside of it. Correct, And then are some of the
Speaker 2: like obviously you have people coming in or is it
Speaker 2: government funded as well part of it? How does that work?
Speaker 3: So the great part about it was, like I said,
Speaker 3: you have to look at the ecosystem that you have.
Speaker 3: So so, because my daycare center is in the inner city,
Speaker 3: you know, Inglewood, right, most of my parents are I
Speaker 3: think eighty Now I've take that back. Ninety percent of
Speaker 3: our parents are single parents. And when they're filling out
Speaker 3: because they're getting their subsidies, it's just like having Section
Speaker 3: eight and it's sometimes it's the same qualifications, same income.
Speaker 3: So when my wife would have them fill out their
Speaker 3: their paperwork to get child care, to get free child care, right,
Speaker 3: I would actually look at their paperwork and then I
Speaker 3: would see that these same people qualify for Section eight.
Speaker 5: Where do you live? Hey, where do you live?
Speaker 2: Now?
Speaker 3: Here? It is much income everything now here. It is
Speaker 3: you're putting your child in my daycare. So you trust me,
Speaker 3: you trust us, So if you trust us with your child,
Speaker 3: you definitely trust us where you live.
Speaker 6: So now here it is you've live in the commune unity.
Speaker 3: Because most parents they want to, you know, have a
Speaker 3: club daycare center that's close to where they live.
Speaker 6: So I would fix up a property. I would go.
Speaker 3: Buy properties all around a one mile radius of my
Speaker 3: daycare centers. And then not only would I rent to
Speaker 3: a police offer, and I rent not only would I
Speaker 3: have you know, police officers in my daycare center, but
Speaker 3: I would have my teachers.
Speaker 6: Right, I would rent to the teacher staff. They would
Speaker 6: be right there in the same community.
Speaker 3: I don't have to convince them to live in the
Speaker 3: community because they are already from the community.
Speaker 6: And so I would go put pictures.
Speaker 3: We have this on parent board up right that always
Speaker 3: talks about like field trips and different things about the childcare.
Speaker 3: I would put properties up, you know, nice pictures with
Speaker 3: fresh paint on the walls and different rehabs, and I
Speaker 3: would put there for a rent. And knew that parents
Speaker 3: are already had Section eight and so we knew that
Speaker 3: would be guaranteed money. So here is we got one
Speaker 3: hundred parents. I was working with fifteen thousand cops. We
Speaker 3: got one hundred parents in our daycare centers. These are
Speaker 3: also one hundred renters that need a place to stay.
Speaker 2: Brilliant, brilliant.
Speaker 5: So, all right, situation, where is the qualification start a daycare?
Speaker 5: You have to get like certified by the state. You
Speaker 5: have to, yeah, have like and what kind of buildings
Speaker 5: did you turn You say you turned the church into
Speaker 5: a daycare?
Speaker 6: Yeah, first Decadre Center, it was a church.
Speaker 5: You own the church.
Speaker 3: I bought the church was in foreclosure and so I
Speaker 3: bought the church and then we turned it into a
Speaker 3: daycare center.
Speaker 5: So all right, so yeah, what's the qualification? You got
Speaker 5: to get teachers certified? Like, yeah, So as far.
Speaker 3: As the qualifications to own the center, you know, you
Speaker 3: definitely first have to have the location. You don't have
Speaker 3: to own the location, but you have to have a location.
Speaker 3: And then you have to take a one day class.
Speaker 3: And you have this thing that's called my wife calls
Speaker 3: it the Bible of child care, and it breaks down
Speaker 3: every single thing that you need, all of the qualifications
Speaker 3: that you need, what your staff needs. You have a
Speaker 3: formula to how many children you can have in the place.
Speaker 3: You know, it's like thirty five scuore flip per each child,
Speaker 3: depending on the age group of the child. You have
Speaker 3: to have a certain amount of bathrooms in there, and
Speaker 3: so they come in. It's just like section eight where
Speaker 3: they come in inspect the property and they tell you
Speaker 3: exactly how many kids you're going to be able to
Speaker 3: have in this daycare center and you go to that
Speaker 3: one day licensing class. And then now you have to
Speaker 3: have certified staff, so you have to make sure that
Speaker 3: your staff. And they've changed it over years. Now is
Speaker 3: a bachelor's degree for your director. Before it was just
Speaker 3: you know, they just needed two years of early childhood education.
Speaker 2: Yeah, I was just gonna say two years of early
Speaker 2: childhood education. Now, yeah, they've obviously changed it. So how
Speaker 2: many daycares do we have? Now? Obviously you started with
Speaker 2: the church. How many in the portfolio?
Speaker 3: Yes, so we got four daycares, four houses. No, no,
Speaker 3: they're all commercial commercial building. Yeah, they're all commercial buildings.
Speaker 3: So our first one was a church that we turned
Speaker 3: into a daycare center. The one, our second one was
Speaker 3: right across the street, that was cleaners, that was the
Speaker 3: dragt cleaners that we turned into a daycare center. The
Speaker 3: third one was an existing daycare center that was shut
Speaker 3: down for three years. And then the fourth one is
Speaker 3: is in a one half senior home another half apartment
Speaker 3: complex is two hundred and thirty seven unit building. We
Speaker 3: don't own the building, but we actually have. We owned
Speaker 3: the daycare center inside of the building.
Speaker 5: And what's the ages.
Speaker 3: For the kids zero to six years old? Six weeks
Speaker 3: to six years old? So what do you have the
Speaker 3: kids doing? Just like playing with toyson?
Speaker 6: Oh no, we have a curriculum yeah yeah, oh yeah,
Speaker 6: learning center.
Speaker 5: Yeah yeah, no, it's.
Speaker 3: Actually a curriculum that we actually have for that you're teaching, yeah, absolutely, yeah, yeah, yeah,
Speaker 3: so we're teaching them, you know.
Speaker 6: Yeah, it's just like you having any preschool. It's just
Speaker 6: it's just it's.
Speaker 2: Preschool, y'all offering like all day pre k types yep.
Speaker 3: And at one point we shut it down before COVID,
Speaker 3: but at one point we had twenty four hours, oh
Speaker 3: for the cops and stuff. Yeah, for the cops, for
Speaker 3: firemen and things like that. And it's crazy because it's
Speaker 3: the same building.
Speaker 6: So they gave it.
Speaker 3: If they gave us one hundred kids license for daytime care,
Speaker 3: then you also get one hundred kid license for night
Speaker 3: time care, and so you're doubling your revenue just off
Speaker 3: of the same facility.
Speaker 2: Are you looking to scale that because I'm thinking, like,
Speaker 2: obviously you have four, you don't really need marketing because
Speaker 2: it's the ecosystem is with them. Are you looking to
Speaker 2: scale it outside of four? You're trying to add more
Speaker 2: to it?
Speaker 3: What we were at one point we were you know,
Speaker 3: at one point, man, I had this bright idea. I
Speaker 3: was like, look, man, we making one hundred thousand dollars
Speaker 3: per daycare center. I was telling my wife, Man, we
Speaker 3: get ten daycare centers the same kind of size and
Speaker 3: can hold the same amount of kids. I said, bro,
Speaker 3: we're gonna make a million dollars a month. Man, we
Speaker 3: can make a million dollars a month. And my wife
Speaker 3: was on board with it. She was like, Oh, let's
Speaker 3: do it. And then all of a sudden, man, we
Speaker 3: had about five hundred kids and my wife was like, oh,
Speaker 3: it's a lot to manage it. It was a lot.
Speaker 3: And then you're not talking about real estate, right. Real
Speaker 3: estate is a little bit different. It's a property. It's
Speaker 3: a building. You know, people go there, they live there,
Speaker 3: they take care of their own self. You don't even
Speaker 3: have to see your tenants until it's time to pay rent.
Speaker 3: And now they got it where you can just send it.
Speaker 3: You know, you could just vemo or whatever, just send
Speaker 3: the money cash out. But when you're talking about people's children,
Speaker 3: it's a little bit different.
Speaker 4: Man.
Speaker 3: It was just like it became to the point we
Speaker 3: had little kids in there having seizures sometimes medical conditions.
Speaker 3: You know, it just got to the point where it's like, Okay,
Speaker 3: this is a little bit different type of business. And
Speaker 3: my wife kind of was And she's the one that's
Speaker 3: you know, runs the day to day. I'm the visionary. Remember,
Speaker 3: I'm the one to come up with the vision. I
Speaker 3: could start any business. But my wife was the one
Speaker 3: to say, okay, let me be the one to manage
Speaker 3: the day to day. And she kind of was like,
Speaker 3: you know, we don't need to scale it too much,
Speaker 3: Like this is comfortable for me. Anything over this is
Speaker 3: going to start feeling like a job.
Speaker 2: So four hundredousand a.
Speaker 5: Month, Yeah, good business. Thirty six grand i bu Befull
Speaker 5: Tax Security company. Yeah all right, how did that get started?
Speaker 5: And what's the what's the scope on that? Yeah?
Speaker 3: So my brother working like my brother brother had my
Speaker 3: brother in the newspaper one time as making one of
Speaker 3: the top I think he's in the top five highest
Speaker 3: state employees in the state.
Speaker 5: He was a cop.
Speaker 3: He still is a cop. Yeah, my brother still is
Speaker 3: a cop. He has what about eighteen months left before retirement.
Speaker 3: Shout out to Tommy. And they had my brother in
Speaker 3: the newspaper as one of the highest paid state employees
Speaker 3: because my brother was making over a three hundred fifty
Speaker 3: thousand dollars as a cop. How overtime His base salary
Speaker 3: is probably about one hundred and thirty and then the
Speaker 3: rest was all overtime. My brother was working that much.
Speaker 3: He's just a hustle. I don't have it in me.
Speaker 3: I mean, he was literally that type of person that
Speaker 3: can just work three or four different job he gets
Speaker 3: off work work for the state. They allow cops to work,
Speaker 3: you know, over time for them. And then he was
Speaker 3: doing like other part time things and like sporting events
Speaker 3: and things like.
Speaker 6: That and gone all the time.
Speaker 3: And I was just like, bro, you're making good money,
Speaker 3: but like you can't live off of this, like all right, cool,
Speaker 3: Like you've made this part time work your full time job.
Speaker 3: And it's just like how can you continue to live
Speaker 3: like this? He got two sons, and his sons would
Speaker 3: be playing football games and he never could make it
Speaker 3: or he would try to take it.
Speaker 6: It was just rough.
Speaker 5: And then I was just like, man, look, why don't
Speaker 5: we just go ahead and do the same thing that
Speaker 5: you're doing.
Speaker 3: We already were. No, my brother's a sergeant, so he
Speaker 3: already commands different people in the state police. Like he
Speaker 3: literally got people that call him sergeant and that's a
Speaker 3: part of his team. He's like, why don't you take
Speaker 3: the same idea, the same thing that the state is
Speaker 3: paying you for. Why don't you do that for yourself?
Speaker 3: And then at that point, our first contract that we had,
Speaker 3: it was the pipeline. You guys remember the pipeline that
Speaker 3: they had where they were and what was it called
Speaker 3: the North Dakota Pipeline. Oh, yeah, the North Dakota Pipeline.
Speaker 3: That was our first contract to secure it. Yeah, to
Speaker 3: secure it. So, so the government was trying to find
Speaker 3: security companies to secure throughout the state of Illinois. The
Speaker 3: North Dakota Pipeline went all the way from the tip
Speaker 3: of Illinois, and the Illinois is a long state.
Speaker 6: It's not really wide, it's just long. And so from
Speaker 6: the tip.
Speaker 3: Of Illinois all the way down to the bottom, they
Speaker 3: needed a security company to secure it, and so no
Speaker 3: security company you had the man forced to be able
Speaker 3: to secure because this was like a four month contract.
Speaker 3: And then it's like, okay, you logistically you need hotels
Speaker 3: for your security guards. It was twenty four hours, so
Speaker 3: they needed security twenty four hours all the way from
Speaker 3: the tip of Illinois all the way down to the bottom.
Speaker 2: How many people is that you need?
Speaker 5: Oh, brother, I'm.
Speaker 6: About to break it down to you.
Speaker 3: My brother, though, Tommy, because he was a state trooper,
Speaker 3: he go to ecosystem Again.
Speaker 6: My brother was able to go.
Speaker 3: From the state polices all the way from the tip
Speaker 3: all the way down to the bottom. Chicago Police is
Speaker 3: only in Chicago. So my brother being a state trooper,
Speaker 3: he was able to get in contact with every single
Speaker 3: state police department along the pipeline map and he was
Speaker 3: able to contact each of them and find out, you know,
Speaker 3: who wanted to work part time for this pipeline and
Speaker 3: who wanted to do it. And so we had a meeting.
Speaker 3: We had every single I'm talking about, We had state
Speaker 3: troopers from the country. Brother, I'm talking about from like Farmertown,
Speaker 3: and they all came and we had a big meeting
Speaker 3: and they found out that it was us his two
Speaker 3: black guys, and ninety nine percent of our workers all
Speaker 3: you know, white guys from different parts of the state.
Speaker 3: But yeah, we had the contract and we were one
Speaker 3: of the only companies that was able to fulfill that
Speaker 3: contract because my brother was able to hire state police officers.
Speaker 3: Look within his network, he was able to hire state
Speaker 3: police officer to cover that. And I mean, bro, that
Speaker 3: was a multimillion dollar contract.
Speaker 2: People.
Speaker 6: We probably had at least about sixty five people.
Speaker 3: I thought that mean, yeah, it's not that many, but
Speaker 3: it was the responsibility.
Speaker 2: I mean, they built it. They're trying to build the pipe,
Speaker 2: so they're just standing there like the.
Speaker 5: Situation.
Speaker 3: Yes, and they was paying. They were paying for like knowledge,
Speaker 3: So you're being your own squad, your own personal car,
Speaker 3: and literally your responsibility was to just we had these
Speaker 3: coordinates of where the pipeline was, and I mean they
Speaker 3: kept it real hush hush, and then the responsibility was
Speaker 3: to you had checkpoints along these coordinates, and the responsibility
Speaker 3: was to drive up and down the highway. During that era,
Speaker 3: because it was people, it was an indigenous a lot
Speaker 3: of protests, Yeah, it was a lot of protests, and
Speaker 3: they had a lot of indigenous people that was kind
Speaker 3: of like fighting against it because there was a lot
Speaker 3: of sacred land and things like that that it was hidden.
Speaker 6: And they said, yeah, so bruh, let me tell you
Speaker 6: real quick story.
Speaker 3: Craziest thing when we finally got the contract, they hit
Speaker 3: us in the hotel room and it was like some
Speaker 3: kind of a movie. It was me and my brother.
Speaker 3: It was like our supervisor and another guy. They hit
Speaker 3: us in this room and these federal guys come in
Speaker 3: and they're talking to us and they're like, all right, congratulations.
Speaker 3: You know you guys got the contract for the pipeline.
Speaker 3: And they was like, okay, we want to introduce you
Speaker 3: to one of our guys that we have that's in
Speaker 3: the inside.
Speaker 6: He was like kind of like a spy.
Speaker 2: Right.
Speaker 6: This guy comes in. Man, this guy's.
Speaker 3: About six foot four, about three hundred pounds, looked like
Speaker 3: an Indian, like literally got his hair and a ponytail.
Speaker 3: Bru And he comes in and he's like, you know
Speaker 3: how you guys doing.
Speaker 5: They call me.
Speaker 6: Bigfoot and he was like bro. Like I was like, bro,
Speaker 6: this can't be real.
Speaker 3: And my man was like literally talking to us talking
Speaker 3: about the pipeline and that they have different people that's
Speaker 3: trying to sabotage the pipeline and things like that, and
Speaker 3: he's like a spy within the within these different tribes. Yeah,
Speaker 3: he was a federal agent, but he was working as
Speaker 3: a spy. They had helicopters. They put numbers on each
Speaker 3: one of our cars. They had helicopters that would drive
Speaker 3: a fly by and they would see your number, that
Speaker 3: everybody's cell phone here like a panic coat or if
Speaker 3: something happened, you push this button and then literally it'll
Speaker 3: bring the the I couldn't even talk about this before,
Speaker 3: but now you know, it was over with years ago.
Speaker 3: So this was our first security contract, and like I said,
Speaker 3: it was the wildest thing and it was kind of
Speaker 3: one of the things where you'd be like, I don't know, man,
Speaker 3: it don't sound right.
Speaker 6: It just don't.
Speaker 3: It's just don't you know what I'm especially when when Bigfoot
Speaker 3: came in there and I was like, hold on, man,
Speaker 3: it's kind of iffy.
Speaker 6: But now it ended up working out.
Speaker 2: Man.
Speaker 3: We was making almost like a million dollars a month
Speaker 3: on it. Yeah, and so that was our first security contract,
Speaker 3: brou and it took off from there. Yeah that's crazy,
Speaker 3: all right.
Speaker 5: So so you got that, and then from there you
Speaker 5: just so the security, you secure venues or people, everything, everything.
Speaker 3: So right now we got it's three naming markets is
Speaker 3: in Chicago and we're in all three. We have apartment buildings,
Speaker 3: we do sporting events, we do a lot of So
Speaker 3: there you go again, ecosystem property managers. While a lot
Speaker 3: of people were out here trying to find security contracts.
Speaker 3: You know, all I did was connect with property managers
Speaker 3: and so I know, like your large complexes, the city
Speaker 3: and state law that they must have security. I don't
Speaker 3: know if it's anywhere else, but in Chicago they must
Speaker 3: have security. And so as a point, and the people
Speaker 3: that pick the security companies are the project managers are
Speaker 3: the property managers rather, and so you got a lot
Speaker 3: of property managers that have multiple properties in their portfolio.
Speaker 3: And so all you got to do is get in
Speaker 3: good with one property manager and then now they're bringing
Speaker 3: different buildings to you as opposed you going out here
Speaker 3: trying to search for different properties to do security yet
Speaker 3: and so that's how we got in with a lot
Speaker 3: of and so we got three major property management companies
Speaker 3: in Illinois that we do security for and they constantly
Speaker 3: contact us whenever they get a new property under their portfolio.
Speaker 5: And most of your guys are cops. No, so we
Speaker 5: have both.
Speaker 3: We have police side and then we also have armed
Speaker 3: security and unarmed security.
Speaker 5: And you do you do it for people also?
Speaker 2: Yes?
Speaker 3: Yeah, yeah, So we got one of our largest clients
Speaker 3: is Justin Fields, the Chicago Bears start back.
Speaker 5: Yeah.
Speaker 6: Yeah, Justin Fields starting quarterback.
Speaker 2: Man a lot of pressure. Yeah.
Speaker 5: Yeah.
Speaker 3: So Justin Fillids first came to Chicago, his father reached
Speaker 3: out to me and he's like, people, tell me somebody
Speaker 3: that I need to know. And I thought he's talking
Speaker 3: about real estate, but yeah, he's talking about security and
Speaker 3: so yeah.
Speaker 2: I'm assuming you're a Bears fan.
Speaker 6: I am, yeah, big time, no matter if we don't win.
Speaker 2: Yeah, I mean there's new development or Soldier field that
Speaker 2: they're trying to yeah.
Speaker 6: Yeah, yeah, they're trying to make it to a dome.
Speaker 2: Yeah, they got to reach out to you.
Speaker 5: Yeah, let's go.
Speaker 2: Can you talk about the abhortance of leading by example? Obviously,
Speaker 2: you know I was. I saw one of your posts
Speaker 2: and you were talking about how intention you are about
Speaker 2: doing things and making sure that people see especially your kids,
Speaker 2: saying like my kids got a trainer. Every one of
Speaker 2: them has a trainer because they've seen you do it.
Speaker 2: It's custom to them. Can you talk about the role
Speaker 2: of leading intentionally like that?
Speaker 6: Yeah, so you know, I got this thing, man.
Speaker 3: Every single day I wake up, all right, every single day,
Speaker 3: I like people ask me, like, you know, what's.
Speaker 6: My daily schedule?
Speaker 3: Like, and I got these five pillars that every single day,
Speaker 3: this is my day, Faith, Family, finance, fitness, and freedom. Faith, Family, finance, fitness,
Speaker 3: and freedom. Every single day, I don't go to sleep
Speaker 3: until I have invested in all five of those pillars.
Speaker 5: And so it's.
Speaker 3: Important for me. I believe that you are always showing
Speaker 3: your kids something, even when you're not trying to. You're
Speaker 3: teaching them something, from the way you eat, to the
Speaker 3: way you manage your money, to the way you treat
Speaker 3: your spouse, you know, to the way you treat your body.
Speaker 3: So every single day I don't necessarily work out just
Speaker 3: for me. I work out because I know my children
Speaker 3: are watching. They watching every single thing I do. And
Speaker 3: so it's like it's important for me not only to
Speaker 3: just make sure that I'm working out, but making sure
Speaker 3: that I'm treating your mother right. You know, I got
Speaker 3: a son a six years old. He literally bruh every time.
Speaker 3: A matter of fact, it's funny because see J over there,
Speaker 3: my son head a marriage with CJ's daughter.
Speaker 6: Son they went through they went through a marriage.
Speaker 3: CJ daughter is six years old, My son is six
Speaker 3: years old, and he's just like, man, I want what
Speaker 3: you got with mammy, And he literally CJ daughter. See
Speaker 3: if they was at my house, me and c was gone,
Speaker 3: and my my wife's grandmother, she's ninety years old.
Speaker 6: She she officiated the way.
Speaker 2: Make sure that the bride's father pays for it. Plice.
Speaker 6: Oh yeah, exactly exactly.
Speaker 3: So it's like my son is big on marriage because
Speaker 3: he see his parents been married for twenty years.
Speaker 6: You know.
Speaker 3: Imagine though, if I had a different kind of life
Speaker 3: and then my son, I'd be like, hey, CJ's daughter
Speaker 3: is my baby mama.
Speaker 6: You know CJ's daughter.
Speaker 2: You know.
Speaker 3: So he's he sees that in a way because that's
Speaker 3: what he's been exposed to, you know, in that same
Speaker 3: kind of way.
Speaker 2: You know.
Speaker 3: First thing I do is I work on my faith
Speaker 3: every single day. I just focus on one scripture. Every
Speaker 3: single day. I focus on one scripture and I build
Speaker 3: my faith up And the reason why I do that
Speaker 3: is because I know that being an entrepreneur, just being
Speaker 3: just myself doing the things that we do, you're gonna
Speaker 3: have to have like like, like what entrepreneur you know
Speaker 3: is successful that don't have a level of faith. But
Speaker 3: a dude, what is faith? Faith is the substance of
Speaker 3: things hoped for, the evidence of things not seeing you
Speaker 3: guys started this podcast from this location, right, and it
Speaker 3: was built off of faith.
Speaker 6: Like you didn't. I don't know if you knew.
Speaker 3: I've seen what you wrote down though, but y'all wrote
Speaker 3: down the whole business plan and what you was trying
Speaker 3: to figure out the name of it, the different things
Speaker 3: like that that work. There was faith, Yeah, And I
Speaker 3: think that a lot of times people don't. They don't
Speaker 3: build their faith. Faith is a muscle. It's a muscle
Speaker 3: just like any other muscle. If you don't use it,
Speaker 3: you lose it. And so that's why I think that
Speaker 3: a lot of things I don't have the knowledge of
Speaker 3: things going into it. I'm not gonna sit here and
Speaker 3: act like I'm some crazy guru when it comes to
Speaker 3: certain things I did not have.
Speaker 5: I did not know that I.
Speaker 6: Was going to be doing what I'm doing now in
Speaker 6: real estate.
Speaker 3: I didn't know that when we did that first daycare
Speaker 3: center that we would be having for daycare centers and
Speaker 3: we would be raising people care.
Speaker 6: For the last seventeen years.
Speaker 3: It has not been one year that we have not
Speaker 3: made a million dollars over the last seventeen years. I
Speaker 3: didn't know it. I didn't have the knowledge at the
Speaker 3: time either. I didn't have the knowledge at the time
Speaker 3: starting a security company.
Speaker 6: Bruh.
Speaker 3: I'm traveling the world right now with the number one
Speaker 3: motivational speaker in the world. I've been on stages four
Speaker 3: thousand people. Five thousand people just did invest fst I've
Speaker 3: never been to any kind of speaking school, i never
Speaker 3: had any kind of training.
Speaker 6: All of that comes from faith, though, it comes from.
Speaker 3: And I was prepared because over the years I've always
Speaker 3: worked on my faith muscle, and so now when the
Speaker 3: opportunity presents itself, I'm ready, not because I got this
Speaker 3: crazy knowledge, but because I believe. And so those are
Speaker 3: the different things man that faith, family, finance. Every single day,
Speaker 3: I'm working on the five pillars with my family. Pillar
Speaker 3: is not about just spending time with family, setting your
Speaker 3: family up. Each one of my kids got a trust account.
Speaker 3: I tell people all the time, there's no reason why
Speaker 3: your children, everybody's children and twenty twenty two is not
Speaker 3: gonna be millionaires.
Speaker 6: It's too simple.
Speaker 3: Right now, I got a building for each one of
Speaker 3: my children, and the net profit from the building goes
Speaker 3: to their investment account. So now by the time my
Speaker 3: children are my age at forty years old, each one
Speaker 3: of them will have millions in the bank because of
Speaker 3: compound and interest.
Speaker 6: It's like, it's that simple.
Speaker 3: But because your faith pillar is low, because you don't
Speaker 3: believe that that's possible, then you'll never even get started
Speaker 3: into doing something like that. And so bruh, it's those
Speaker 3: are the things that I feel like, you know, I
Speaker 3: lead by example by showing my family every single day
Speaker 3: the type of man that I am. I get up
Speaker 3: every single day. If somebody want to know what I'm
Speaker 3: doing or where I'm at, all they got to do
Speaker 3: is find me in the five pillars.
Speaker 5: Befo we leave. I want to talk about Scott's car building. Yeh, Chicago.
Speaker 5: So you're on the developments. It showed us the picture
Speaker 5: very impressive, so talk about that.
Speaker 6: Yeah, so man, this is a skyscraper.
Speaker 3: Brother, this is another thing that goes to the faith,
Speaker 3: something that I've never done before. No, I don't have
Speaker 3: any expertise in building skyscrapers. The most I've done was
Speaker 3: my house was ten thousand score feet when I bought it,
Speaker 3: and I added another ten thousand score feet to my house.
Speaker 3: That's the only development that I've ever done. But my
Speaker 3: business partners Johnny Mullins, Mark Bufort, Damon Stewart, and Gerald Williams.
Speaker 3: Johnny Mullins is one of the top black architects and
Speaker 3: developers in the country. He's done over ninety skyscrapers. And
Speaker 3: so my whole thing were just connecting yourself with the
Speaker 3: right people, you know. So, yeah, we have a skyscraper
Speaker 3: that we're doing. I'm not gonna say the location just yet,
Speaker 3: but let's say it's in a very hot area of Chicago.
Speaker 3: And this skyscraper is something that's built by all Black
Speaker 3: Devils Limit team, and you know, it's something that hasn't
Speaker 3: been done before.
Speaker 6: Not just that it's being.
Speaker 3: Built by all black development team, but it's owned by
Speaker 3: all black ownership team. And yeah, we all came together
Speaker 3: and it said it's time for us. It's like we
Speaker 3: always look to this generation. We look to past people
Speaker 3: and kind of like, oh, man, like, oh they developed this,
Speaker 3: they developed that. It's our turnout. There's no longer you
Speaker 3: know those people. We are those people now. And I
Speaker 3: think a lot of times, you know, with everything, we
Speaker 3: look to the past and it's like, bro, when are
Speaker 3: we going to step up and do it? And so, yeah,
Speaker 3: this is the development of a seventy million dollar development.
Speaker 3: It is going to change. It's going to be a
Speaker 3: staple in Chicago, and it's being built by us, and man,
Speaker 3: it's going to be life changing.
Speaker 2: Man. Yeah, I mean that's incredible. We actually spoke to
Speaker 2: a developer you may have heard of down here people
Speaker 2: a few weeks ago, and he was at investmentest about
Speaker 2: development that he's building in New York. And I know
Speaker 2: you got a chance to meet him, Yes, at investment.
Speaker 5: Moment of my life.
Speaker 2: What he's meant to you and what that encounter was like.
Speaker 6: Oh, bro, let me tell you something like I was
Speaker 6: telling y'all before, I.
Speaker 3: Don't get too excited, you know what I'm saying meeting people,
Speaker 3: But it's crazy because I was just cracking a jump
Speaker 3: to CJ. I was like, I was like, man, it's crazy, man,
Speaker 3: how I went from being on the squad car to
Speaker 3: the stage and now people. Man, I'm going up to
Speaker 3: people and I'm like, hey, you want to take a picture,
Speaker 3: and they shaking and they can't even open up their phone.
Speaker 3: And I was like, man, I don't even get it. Now,
Speaker 3: I'm just a regular person. Man, I don't even get
Speaker 3: my people act like that.
Speaker 6: Bro went up to Don Peebles.
Speaker 3: I was like, I was like, oh, I was shaking
Speaker 3: it and he was like because he told me to
Speaker 3: take his number down and I didn't even know what
Speaker 3: bud to push.
Speaker 2: Bro.
Speaker 3: Oh, Man I got Bro. He was like, yeah, you
Speaker 3: want to push that butt right there.
Speaker 5: And I was like, man, I now.
Speaker 6: See how other people feel.
Speaker 3: But man, it was just something man to see because
Speaker 3: when we first all got started, you know, we all
Speaker 3: listened to the audio book of Don Peeples and it
Speaker 3: was just inspiring.
Speaker 6: To see how he how he hustled bruh in DC.
Speaker 3: And being there with Mayor Barry or was it Marion Barry,
Speaker 3: and just to see how he just in a political way,
Speaker 3: came through the ranks and how he was able to
Speaker 3: do what he's doing now. And that's just the inspiration
Speaker 3: Bruther and It goes back to exposure. And I think
Speaker 3: see with me, a lot of people they get excited
Speaker 3: about asking people for stuff, Like how many people get excited.
Speaker 3: They just like, oh, man, man, Troy and shot they
Speaker 3: doing it. Man, I'm about to man, I'm gonna see man,
Speaker 3: my man, give me some money. I'm gonna see if
Speaker 3: they can look you, bro, I get excited just from
Speaker 3: an exposure. When I get exposed to something. Brother, you
Speaker 3: don't owe me nothing. You don't owe me nothing, because
Speaker 3: I'm gonna take that exposure and I'm gonna run with it,
Speaker 3: and that exposure will last a lifetime. But if you
Speaker 3: give me, you give me five thousand dollars, brud, ten
Speaker 3: thousand dollars to spend it, it's gonna be gone. But
Speaker 3: the exposure that you give me, I don't even need
Speaker 3: to ask, brother, exposure. Y'all just gave me an investments, bruh.
Speaker 3: It just let me know that it's possible. Like I said,
Speaker 3: I love seeing this dog. I love seeing it man too.
Speaker 3: Young black guys. Dog that's genuine been boys since high school.
Speaker 3: And y'all out here man educating the right way, showing
Speaker 3: people not about how to get rich quick, but how
Speaker 3: to do this, man, How to have a foundation, how
Speaker 3: to do it one property at a time, one investment
Speaker 3: at the time, one start. Y'all are broad and everything
Speaker 3: that y'all do, and what's gonna come from this? How
Speaker 3: many other Rashaan Troy's dog is coming up because they
Speaker 3: see y'all doing this and know it's possible. So I
Speaker 3: think that people don't really they look at what's going
Speaker 3: on now without really thinking about what's the compounding effect
Speaker 3: of what you all are doing. It compounds and I
Speaker 3: don't even know if y'all don't even see the results
Speaker 3: of it in the future, but I can already tell
Speaker 3: you the results are gonna be crazy.
Speaker 2: It's to go.
Speaker 5: So anything else you want to let the people know
Speaker 5: anything you got going on.
Speaker 3: Yeah, man, just I mean, it ain't even about me,
Speaker 3: It's about them, you know. Just let them know that dog,
Speaker 3: it's possible, Like man, please, like hear my heart. Like
Speaker 3: I'm a that was a police officer. I was born
Speaker 3: to blue collar workers. Nine of us are blue collar.
Speaker 3: And I'm sitting here telling somebody out here listening to
Speaker 3: us think that it's not possible for him. They think
Speaker 3: that you know that you're all somebody special. You are special,
Speaker 3: but they think that you are just over here, You're
Speaker 3: just untouchable. They think that I'm untouchable. They think that
Speaker 3: I've just got lucky. I'm sitting there telling you. One
Speaker 3: thing that we all got in common is that we
Speaker 3: got crazy belief. And that's where it's start. Any investment,
Speaker 3: anything that you do, it starts with belief first. It's like,
Speaker 3: let that be the foundation of your life. The belief
Speaker 3: that you can do it, the belief that it is possible.
Speaker 3: And now the information part is easy. Brother. In my course,
Speaker 3: I've taught people of real estate in a matter of
Speaker 3: thirty minutes, but it's taking people five years to believe
Speaker 3: that it's possible. For him, you got the information, but
Speaker 3: you just don't believe. It's like real, just believe and
Speaker 3: then go for the information. And so just want to
Speaker 3: let people know, man, like life is not over for you.
Speaker 3: You know you worked here nine to five bruh on
Speaker 3: their job for the last twenty thirty years. People feel
Speaker 3: like they getting choked out. I mean you literally feel
Speaker 3: like you suffocate, like you can't breathe. So I just
Speaker 3: want my life, my message to be like a sense
Speaker 3: of air form a little sense of oxygen form and
Speaker 3: just no, don'll see me, and don't don't see the
Speaker 3: money I got. Don't see no, just see that I
Speaker 3: did all of this one property at the time. Like literally,
Speaker 3: I came up with the vision of my life. I
Speaker 3: got exposed to what it was that I wanted in life. Again,
Speaker 3: I kept doing it one property at a time. Some
Speaker 3: people want to start businesses. You letting the bank literally
Speaker 3: shut down your dream. Bruh, your business is in the bricks,
Speaker 3: Like literally, you can literally fix this property up, flip
Speaker 3: this property, take the net, pro season, put it towards
Speaker 3: your business. Yeah. It took me twenty a half years
Speaker 3: before we actually open up our first daycare center. But
Speaker 3: that day care center has been making us millions of
Speaker 3: dollars for the last seventeen years. It's just like like
Speaker 3: I just don't stop. Don't stop, man, Keep getting exposed
Speaker 3: to what earn your leisure, Keep getting exposed to all
Speaker 3: these different avenues, man, and and and and and literally
Speaker 3: go after it, because you only have one life to live.
Speaker 5: There you go fact very powerful, very powerful. Thank you
Speaker 5: for coming, brother. I'm sure a lot of people will
Speaker 5: be inspired and educated and hopefully you know, take a
Speaker 5: lot of action because anything is possible, and it's good
Speaker 5: to have, you know, testimony from people that have actually
Speaker 5: you know, done it and started from humble beginnings and uh,
Speaker 5: you know people can relate to. So appreciate it. Brother,
Speaker 5: thank you appreciate it.
Speaker 2: And he's an established author. I forgot to put that
Speaker 2: in the title. Man, don't quit your days drops about million.
Speaker 6: Crist your day job.
Speaker 2: Not yet, not yet.
Speaker 6: Matter of fact, I might come on part two.
Speaker 2: Not yet breaking news, Alric. Shout to everybody on patreon
Speaker 2: dot com. Shout out to all of our earners on
Speaker 2: Eyo University and some of the earners that are not
Speaker 2: part of the university. Just yet. Man, So shout out
Speaker 2: to everybody that's been supporting the movement. And I said,
Speaker 2: it's a movement because it's bigger than a moment. That's
Speaker 2: what we are building, is a movement. So shout out
Speaker 2: to all y'all. Shout everybody supporting the merch and shout
Speaker 2: out to them ey l fashion rebels out there. We
Speaker 2: got something for y'all. Please just be patient. Patients will pay.
Speaker 2: We love y'all, We appreciate y'all, lovers love.
Speaker 5: Thank you guys for rocking with us for see you
Speaker 5: next week.
Speaker 4: My graduates from my school being forced back drop drop,
Speaker 4: drop drop.
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