1
00:00:00,040 --> 00:00:03,600
Speaker 1: An illegal alien from Guatemala charged with raping a child

2
00:00:03,680 --> 00:00:07,480
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

3
00:00:07,720 --> 00:00:11,840
Speaker 1: accused of murdering a Texas man of Venezuelan charged with

4
00:00:11,920 --> 00:00:15,840
Speaker 1: filming and selling child pornography in Michigan. These are just

5
00:00:15,920 --> 00:00:19,680
Speaker 1: some of the heinous migrant criminals caught because of President

6
00:00:19,720 --> 00:00:23,320
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

7
00:00:23,320 --> 00:00:28,120
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

8
00:00:28,160 --> 00:00:31,680
Speaker 1: crossings are at the lowest levels ever recorded, and over

9
00:00:31,760 --> 00:00:34,960
Speaker 1: one hundred thousand illegal aliens have been arrested. If you

10
00:00:35,040 --> 00:00:38,920
Speaker 1: are here illegally, your next you will be fined nearly

11
00:00:39,000 --> 00:00:43,000
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

12
00:00:43,040 --> 00:00:46,680
Speaker 1: never return. But if you register using our CBP home

13
00:00:46,720 --> 00:00:50,120
Speaker 1: app and leave now, you could be allowed to return legally.

14
00:00:50,479 --> 00:00:55,240
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

15
00:00:55,400 --> 00:00:57,840
Speaker 1: border and families will be protected.

16
00:00:57,920 --> 00:01:00,000
Speaker 2: Sponsored by the United States Department of Homeland Security.

17
00:01:00,240 --> 00:01:04,080
Speaker 3: Never all good in anything in life, right, So, real

18
00:01:04,160 --> 00:01:08,920
Speaker 3: estate is something that's very popular, very trendy right now,

19
00:01:08,959 --> 00:01:11,399
Speaker 3: and it's very It has this stigma I think of

20
00:01:11,560 --> 00:01:13,640
Speaker 3: everybody thinks they're just gonna get rich overnight. Right, and

21
00:01:13,640 --> 00:01:16,479
Speaker 3: people don't know it's like any business. You know, when

22
00:01:16,520 --> 00:01:18,680
Speaker 3: you go into business without a plan, your destined to field.

23
00:01:18,760 --> 00:01:19,000
Speaker 4: Right.

24
00:01:19,240 --> 00:01:21,320
Speaker 5: So, if you plan to be a real estate investor,

25
00:01:21,480 --> 00:01:23,480
Speaker 5: and as you said, whether you think you're investor or not,

26
00:01:23,520 --> 00:01:25,560
Speaker 5: if you're buying a home, you're an investor, but you

27
00:01:25,560 --> 00:01:28,360
Speaker 5: don't have a plan in place, then you're gonna aid

28
00:01:28,440 --> 00:01:32,399
Speaker 5: probably make mistakes and worst Populca scenario, you're gonna fail. Correct, Right,

29
00:01:32,600 --> 00:01:35,600
Speaker 5: So this dudes and don'ts involve right absolutely? Can you

30
00:01:35,640 --> 00:01:38,280
Speaker 5: just talk about some dudes and don'ts in the real

31
00:01:38,360 --> 00:01:38,759
Speaker 5: estate game.

32
00:01:38,920 --> 00:01:41,039
Speaker 6: Yeah, there's tons of them. Right, but if your first

33
00:01:41,040 --> 00:01:43,480
Speaker 6: time home by one of the don'ts I tell people

34
00:01:43,640 --> 00:01:47,800
Speaker 6: is especially if you're in the application process, you found

35
00:01:47,800 --> 00:01:52,480
Speaker 6: the house, you're in contract, don't open their debt, don't

36
00:01:52,880 --> 00:01:56,040
Speaker 6: buy your Mercedes bends before you go to closing. Don't

37
00:01:56,120 --> 00:01:59,480
Speaker 6: change your jobs. You know, don't do something that would

38
00:01:59,640 --> 00:02:02,880
Speaker 6: impact you in a negative way to turn your approval

39
00:02:03,200 --> 00:02:06,160
Speaker 6: to a decline. Right, And most people you think is

40
00:02:06,200 --> 00:02:10,680
Speaker 6: common sense, right, but common sense is not common Unfortunately.

41
00:02:10,040 --> 00:02:10,720
Speaker 4: You're not true.

42
00:02:11,040 --> 00:02:13,440
Speaker 7: Most people like they don't realize, Like when you apply

43
00:02:13,520 --> 00:02:15,640
Speaker 7: for a card, they do a credit shure, then they

44
00:02:15,680 --> 00:02:16,600
Speaker 7: have to put your credit.

45
00:02:16,800 --> 00:02:18,240
Speaker 4: That they don't realize. When you go for a car,

46
00:02:18,360 --> 00:02:21,399
Speaker 4: they may pull your credit with ten other banks to shop.

47
00:02:21,280 --> 00:02:24,640
Speaker 6: Right, see what's the best deal for for the auto

48
00:02:24,760 --> 00:02:27,840
Speaker 6: finance company, not for you as the consumer.

49
00:02:27,960 --> 00:02:29,880
Speaker 4: Right now, that affects your credit score, and it affects

50
00:02:29,880 --> 00:02:31,079
Speaker 4: your credit card brings you down.

51
00:02:31,120 --> 00:02:34,000
Speaker 6: I mean, I've had situations where people applied and purchased

52
00:02:34,000 --> 00:02:37,239
Speaker 6: Mercedes Benz a week before closing. I've had people who

53
00:02:37,280 --> 00:02:41,120
Speaker 6: got cold credit cards just because it was colds box involved.

54
00:02:42,880 --> 00:02:43,079
Speaker 4: Say.

55
00:02:43,480 --> 00:02:45,400
Speaker 6: You know what I'm saying, Well, I'm like, what are

56
00:02:45,400 --> 00:02:47,239
Speaker 6: you doing? You couldn't wait to get the bed sheets

57
00:02:47,800 --> 00:02:50,720
Speaker 6: the house yet, so you don't. What I try to

58
00:02:50,760 --> 00:02:54,320
Speaker 6: tell people is this, when you're in contract, you don't

59
00:02:54,320 --> 00:02:56,919
Speaker 6: own that house just because you're in contract, just because

60
00:02:56,919 --> 00:02:57,919
Speaker 6: you have a loan commitment.

61
00:02:58,200 --> 00:02:59,079
Speaker 4: Do not get happy.

62
00:02:59,120 --> 00:03:01,720
Speaker 6: Do not make any changes that can affect you in

63
00:03:01,760 --> 00:03:04,880
Speaker 6: a negative way, because you can get declined just as

64
00:03:04,960 --> 00:03:07,280
Speaker 6: quick as you got to prove right, and the underwriters

65
00:03:07,280 --> 00:03:09,920
Speaker 6: are always looking for a reason to decline you. So

66
00:03:10,320 --> 00:03:13,200
Speaker 6: you have to be squeaky clean. Don't be moving money around.

67
00:03:13,200 --> 00:03:16,320
Speaker 6: That's another big thing. Do not move money around. Keep

68
00:03:16,320 --> 00:03:18,919
Speaker 6: your money in one account. Stop doing your sou suits

69
00:03:18,919 --> 00:03:21,400
Speaker 6: and putting here and doing this and doing that.

70
00:03:21,560 --> 00:03:23,320
Speaker 4: You know what I'm saying, don't do it. Don't put

71
00:03:23,320 --> 00:03:24,600
Speaker 4: the mattress money in there.

72
00:03:24,840 --> 00:03:28,240
Speaker 6: No, like, leave your accounts alone, because now we start

73
00:03:28,280 --> 00:03:31,400
Speaker 6: seeing money moving around. That's red flags. Now we have

74
00:03:31,480 --> 00:03:33,320
Speaker 6: to document, We have to see where this money is

75
00:03:33,360 --> 00:03:35,960
Speaker 6: coming from. If you can't document that money, then we

76
00:03:36,040 --> 00:03:37,800
Speaker 6: can't use it, right, and I can blow up your

77
00:03:37,800 --> 00:03:42,080
Speaker 6: deal too. So the don'ts is it's just keep still,

78
00:03:42,680 --> 00:03:46,680
Speaker 6: you know, keep still, relaxed. You're almost at the closing table,

79
00:03:46,680 --> 00:03:48,320
Speaker 6: and when you close, you can do whatever the hell

80
00:03:48,360 --> 00:03:48,840
Speaker 6: you want to do.

81
00:03:49,040 --> 00:03:49,240
Speaker 4: Right.

82
00:03:50,080 --> 00:03:53,520
Speaker 6: Another one of the don'ts I would say for first

83
00:03:53,520 --> 00:03:57,400
Speaker 6: time investors right, stop thinking you don't need money. You

84
00:03:57,520 --> 00:04:00,840
Speaker 6: need money, right. If you're looking to host sell real estate,

85
00:04:00,920 --> 00:04:04,000
Speaker 6: then maybe you don't need money right because you're signing contracts.

86
00:04:04,080 --> 00:04:06,120
Speaker 6: But if you're looking to do buy and flips, or

87
00:04:06,120 --> 00:04:08,640
Speaker 6: if you're looking to do buy and holds, you're gonna

88
00:04:08,680 --> 00:04:09,360
Speaker 6: need capital.

89
00:04:09,680 --> 00:04:09,840
Speaker 4: Right.

90
00:04:09,920 --> 00:04:12,040
Speaker 6: There's many ways you can get capital. I mean, you

91
00:04:12,080 --> 00:04:14,000
Speaker 6: spoke about it at my workshop. You can do self

92
00:04:14,040 --> 00:04:16,520
Speaker 6: directed I raise, you can borrow from your four to

93
00:04:16,600 --> 00:04:19,800
Speaker 6: one k. You can you can raise capital with a

94
00:04:19,839 --> 00:04:22,520
Speaker 6: group of friends. What I'm starting to see right now

95
00:04:22,880 --> 00:04:25,960
Speaker 6: is becoming more popular. But people are co owning properties together,

96
00:04:26,240 --> 00:04:29,359
Speaker 6: you know, moving into multi family working together. You know

97
00:04:29,400 --> 00:04:31,640
Speaker 6: a lot of different cultures co own right.

98
00:04:31,680 --> 00:04:34,520
Speaker 3: But can you talk about that collaboration because I'm talking

99
00:04:34,520 --> 00:04:37,320
Speaker 3: about collaboration in business absolutely, actually last week's so now,

100
00:04:37,360 --> 00:04:41,920
Speaker 3: but collaboration and real estate, yeah, something that is very key,

101
00:04:42,240 --> 00:04:43,600
Speaker 3: very important leverage.

102
00:04:43,640 --> 00:04:44,680
Speaker 5: Can you just talk about that?

103
00:04:44,839 --> 00:04:45,039
Speaker 2: Yeah?

104
00:04:45,080 --> 00:04:49,240
Speaker 6: Absolutely, Collaboration is greater than competition. I speak about this often.

105
00:04:49,640 --> 00:04:52,960
Speaker 6: That's why we're here right now, because we're collaborating because

106
00:04:53,000 --> 00:04:55,000
Speaker 6: it doesn't make sense to compete, and when we all have

107
00:04:55,160 --> 00:04:57,160
Speaker 6: something that we could bring to the table. So if

108
00:04:57,200 --> 00:04:59,839
Speaker 6: your first time home buying, let's just say your brother

109
00:05:00,240 --> 00:05:02,000
Speaker 6: is the first time home buy and you both want

110
00:05:02,000 --> 00:05:03,800
Speaker 6: to be in that same area, why go buy two

111
00:05:03,839 --> 00:05:06,200
Speaker 6: single families? Why not go buy a four family together,

112
00:05:06,600 --> 00:05:08,320
Speaker 6: live on each floor, and now you have two rental

113
00:05:08,360 --> 00:05:10,560
Speaker 6: incomes and now you both can probably live for free

114
00:05:10,760 --> 00:05:14,400
Speaker 6: or pay minimum together. Now you can split that equity

115
00:05:14,440 --> 00:05:16,560
Speaker 6: when it's time to sell or buy each other out.

116
00:05:16,760 --> 00:05:19,320
Speaker 6: With real estate investing, you don't need to be one

117
00:05:19,400 --> 00:05:22,200
Speaker 6: hundred percent owner. I think that's the biggest misconception that

118
00:05:22,279 --> 00:05:24,799
Speaker 6: people think, Like, if you're going to we all can.

119
00:05:25,160 --> 00:05:29,120
Speaker 6: We can collaborate and create a business structure, a joint

120
00:05:29,200 --> 00:05:31,919
Speaker 6: venture business structure and put our money up and it

121
00:05:31,960 --> 00:05:34,760
Speaker 6: doesn't have to be equal, right, as long as it's

122
00:05:34,760 --> 00:05:36,720
Speaker 6: equals to one hundred percent at the end of the day,

123
00:05:36,760 --> 00:05:39,000
Speaker 6: that's all that matters. You can be eighty percent owner

124
00:05:39,000 --> 00:05:41,320
Speaker 6: and we can both have ten percent ownership, right because

125
00:05:41,320 --> 00:05:43,520
Speaker 6: we're bringing something to the table, but that would be

126
00:05:43,640 --> 00:05:47,320
Speaker 6: our portion of the net rental income or of the

127
00:05:47,360 --> 00:05:51,039
Speaker 6: proceeds after sale ten percent eighty percent per to you

128
00:05:51,080 --> 00:05:53,719
Speaker 6: because you're bringing the capital, right, But we may be

129
00:05:53,800 --> 00:05:56,280
Speaker 6: the operators and you don't know how to operate, right.

130
00:05:56,320 --> 00:05:58,640
Speaker 6: So it's all a matter of what do you bring

131
00:05:58,680 --> 00:06:02,640
Speaker 6: to the table to collect, elaborate to make yourself valuable

132
00:06:02,640 --> 00:06:03,880
Speaker 6: for where someone wants.

133
00:06:03,680 --> 00:06:05,680
Speaker 4: To put you included into that business.

134
00:06:05,720 --> 00:06:08,359
Speaker 7: And you said something important, you said, coachally, you're not

135
00:06:08,400 --> 00:06:09,159
Speaker 7: seeing that happen.

136
00:06:09,240 --> 00:06:11,479
Speaker 4: No, it doesn't happens. We have ego.

137
00:06:11,640 --> 00:06:14,560
Speaker 7: Yeah, from a client based standpoint, what are you seeing

138
00:06:14,600 --> 00:06:15,000
Speaker 7: out there?

139
00:06:15,040 --> 00:06:18,480
Speaker 6: Like, why what's holding us back? We hold ourselves back.

140
00:06:19,040 --> 00:06:20,880
Speaker 6: You know what I'm saying, like, we want to be

141
00:06:21,000 --> 00:06:22,760
Speaker 6: the top shotter, we want to.

142
00:06:22,680 --> 00:06:24,840
Speaker 4: Be the midlin. This is minds right.

143
00:06:24,920 --> 00:06:28,320
Speaker 6: We have that ego, that mentality, that fucking sense of

144
00:06:28,480 --> 00:06:32,800
Speaker 6: entitlement that we deserve everything under the blue sun, which

145
00:06:32,839 --> 00:06:35,520
Speaker 6: we do. But if you ain't working hard towards it,

146
00:06:35,560 --> 00:06:37,640
Speaker 6: then why you have the sense of entitlement?

147
00:06:37,680 --> 00:06:40,159
Speaker 4: For number one? But I don't know why we don't

148
00:06:40,200 --> 00:06:41,000
Speaker 4: collaborate more.

149
00:06:41,520 --> 00:06:44,680
Speaker 6: It's sad that I see a lot of people in

150
00:06:44,680 --> 00:06:48,279
Speaker 6: our community are not collaborating. But also on the flip side,

151
00:06:48,320 --> 00:06:51,000
Speaker 6: when I'm starting to notice the trend, especially if you

152
00:06:51,040 --> 00:06:52,800
Speaker 6: look at you know, what they call black Twitter or

153
00:06:52,880 --> 00:06:55,760
Speaker 6: black social media, You're starting to see the uplifting. You're

154
00:06:55,760 --> 00:06:57,880
Speaker 6: starting to see people coming together and starting to do

155
00:06:57,960 --> 00:07:00,480
Speaker 6: more together. So I think that cycle it's going to

156
00:07:00,560 --> 00:07:05,359
Speaker 6: start getting broke down. From our ownership perspective. I'm starting

157
00:07:05,400 --> 00:07:09,040
Speaker 6: to see family members now in our community buying homes together.

158
00:07:09,040 --> 00:07:10,440
Speaker 4: You know, living in the homes together.

159
00:07:10,560 --> 00:07:13,200
Speaker 6: You know, you don't need, you know, to have a

160
00:07:13,280 --> 00:07:15,320
Speaker 6: five thousand square foot home and it's just you and

161
00:07:15,400 --> 00:07:18,720
Speaker 6: your girlfriend right now. If you and your girlfriend, the

162
00:07:18,800 --> 00:07:21,160
Speaker 6: parents can all move in even if you want to

163
00:07:21,160 --> 00:07:23,040
Speaker 6: get the single feeling, right, you know what, we spliting

164
00:07:23,080 --> 00:07:25,440
Speaker 6: that mortgage four ways. Now it's more affordable, and now

165
00:07:25,440 --> 00:07:27,560
Speaker 6: we're able to save more and invest together.

166
00:07:28,000 --> 00:07:29,920
Speaker 7: So I think that, I mean, that's a personal story

167
00:07:29,960 --> 00:07:32,880
Speaker 7: for me. Like that literally is my mouml model right now.

168
00:07:32,920 --> 00:07:35,800
Speaker 7: Like I own a home with my dad and it's

169
00:07:35,800 --> 00:07:38,280
Speaker 7: easier for us because obviously it lessons a burden on me,

170
00:07:38,360 --> 00:07:40,640
Speaker 7: but it also puts me in a position there whereas

171
00:07:41,040 --> 00:07:43,000
Speaker 7: you know, they're older in age, it's easy for me

172
00:07:43,040 --> 00:07:46,000
Speaker 7: to take care of rather than having them grow in

173
00:07:46,080 --> 00:07:48,040
Speaker 7: age and having them put them in or having them

174
00:07:48,080 --> 00:07:50,320
Speaker 7: go into a home. They're here, I can take care

175
00:07:50,360 --> 00:07:52,080
Speaker 7: of them and it works.

176
00:07:52,480 --> 00:07:54,600
Speaker 4: No, I think it's I think it's a it's a

177
00:07:54,600 --> 00:08:00,560
Speaker 4: perfect situation for you to go on. I know, someone

178
00:08:00,600 --> 00:08:01,080
Speaker 4: like myself.

179
00:08:01,120 --> 00:08:04,560
Speaker 6: When I've purchased my first home thirteen fourteen years ago,

180
00:08:05,440 --> 00:08:06,480
Speaker 6: I didn't want to live with nobody.

181
00:08:06,480 --> 00:08:09,000
Speaker 4: You're kidding me. Forgot to hear nobody's going to live

182
00:08:09,000 --> 00:08:09,200
Speaker 4: with me?

183
00:08:09,400 --> 00:08:12,760
Speaker 6: Right, But now as I've grown older and I've matured,

184
00:08:12,960 --> 00:08:14,920
Speaker 6: it's more so, like, you know what, that's the best

185
00:08:14,920 --> 00:08:18,280
Speaker 6: way to do it, because people just can't afford to

186
00:08:18,440 --> 00:08:20,680
Speaker 6: live on their own no more, and people are struggling.

187
00:08:20,720 --> 00:08:23,040
Speaker 6: People are living paycheck to paycheck in New York. If

188
00:08:23,040 --> 00:08:26,200
Speaker 6: you're making one hundred k, you're broke. I'm starting to

189
00:08:26,240 --> 00:08:28,320
Speaker 6: see a lot more in our community where people are

190
00:08:28,320 --> 00:08:30,640
Speaker 6: co on it because people just don't they don't.

191
00:08:30,400 --> 00:08:32,200
Speaker 4: Have that the resources.

192
00:08:32,280 --> 00:08:35,440
Speaker 6: You know, we qualify people off your gross income, right,

193
00:08:36,200 --> 00:08:38,920
Speaker 6: but you live your life off your net income, and

194
00:08:39,000 --> 00:08:41,000
Speaker 6: if you make one hundred k gross, that's really like

195
00:08:41,040 --> 00:08:42,679
Speaker 6: fifty five sixty thousand.

196
00:08:42,480 --> 00:08:46,000
Speaker 4: Netpen on what states, depending on taxes and what state

197
00:08:46,040 --> 00:08:46,360
Speaker 4: you're in.

198
00:08:46,480 --> 00:08:48,760
Speaker 6: Right, But if you're talking about thirty five forty percent,

199
00:08:48,840 --> 00:08:52,000
Speaker 6: if you're making that type of money, I mean, that's

200
00:08:52,040 --> 00:08:53,640
Speaker 6: what we're qualify with confie off.

201
00:08:53,679 --> 00:08:56,160
Speaker 4: That bigger number. So for me, it's like if you

202
00:08:56,200 --> 00:08:57,880
Speaker 4: can barely qualify your app.

203
00:08:59,120 --> 00:09:01,360
Speaker 8: This episode is brought to you by P and C Bank.

204
00:09:01,760 --> 00:09:04,520
Speaker 8: A lot of people think podcasts about work are boring,

205
00:09:04,760 --> 00:09:08,599
Speaker 8: and sure they definitely can be, but understanding a professionals

206
00:09:08,679 --> 00:09:11,920
Speaker 8: routine shows us how they achieve their success little by little,

207
00:09:12,320 --> 00:09:15,960
Speaker 8: day after day. It's like banking with P and C Bank.

208
00:09:16,440 --> 00:09:19,240
Speaker 8: It might seem boring to save, plan and make calculated

209
00:09:19,240 --> 00:09:22,360
Speaker 8: decisions with your bank, but keeping your money boring is

210
00:09:22,360 --> 00:09:25,720
Speaker 8: what helps you live or more happily fulfilled life. P

211
00:09:25,800 --> 00:09:30,640
Speaker 8: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

212
00:09:30,720 --> 00:09:33,319
Speaker 8: Boring since eighteen sixty five is a service mark of

213
00:09:33,360 --> 00:09:36,600
Speaker 8: the PNC Financial Service Group, Inc. P and C Bank

214
00:09:37,040 --> 00:09:39,760
Speaker 8: National Association Member FDIC.

215
00:09:42,360 --> 00:09:43,000
Speaker 2: Erness What's Up?

216
00:09:43,080 --> 00:09:45,600
Speaker 8: You ever walk into a small business and everything just

217
00:09:45,720 --> 00:09:48,920
Speaker 8: works like the checkout is fast, the receipts are digital,

218
00:09:49,440 --> 00:09:52,400
Speaker 8: tipping is a breeze, and you're out the door before

219
00:09:52,440 --> 00:09:56,600
Speaker 8: the line even builds Odds are they're using Square. We

220
00:09:56,720 --> 00:09:59,280
Speaker 8: love supporting businesses that run on Square because it just

221
00:09:59,280 --> 00:10:00,160
Speaker 8: feels seamless.

222
00:10:00,280 --> 00:10:01,959
Speaker 4: Whether it's a local coffee.

223
00:10:01,559 --> 00:10:04,320
Speaker 8: Shop, a vendor at a pop up market, or even

224
00:10:04,400 --> 00:10:07,400
Speaker 8: one of our merch partners. Square makes it easy for

225
00:10:07,480 --> 00:10:10,959
Speaker 8: them to take payments, manage inventory, and run their business

226
00:10:11,000 --> 00:10:14,640
Speaker 8: with confidence, all from one simple system. If you're a

227
00:10:14,679 --> 00:10:17,840
Speaker 8: business owner or even just thinking about launching something soon,

228
00:10:18,240 --> 00:10:20,760
Speaker 8: Square is hands down one of the best tools out

229
00:10:20,800 --> 00:10:24,080
Speaker 8: there to help you start, run and grow. It's not

230
00:10:24,200 --> 00:10:27,400
Speaker 8: just about payments, it's about giving you time back so

231
00:10:27,440 --> 00:10:30,120
Speaker 8: you can focus on what matters most Ready to see

232
00:10:30,120 --> 00:10:33,920
Speaker 8: how Square can transform your business. Visit Square dot com

233
00:10:33,920 --> 00:10:38,760
Speaker 8: backslash go backslash eyl to learn more. That's Square dot

234
00:10:38,800 --> 00:10:43,760
Speaker 8: com backslash, go backslash eyl. Don't wait, don't hesitate. Let's

235
00:10:43,760 --> 00:10:46,240
Speaker 8: Square handle the back end so you can keep pushing

236
00:10:46,280 --> 00:10:47,160
Speaker 8: your vision forward.

237
00:10:49,400 --> 00:10:53,000
Speaker 1: An illegal alien from Guatemala charged with raping a child

238
00:10:53,080 --> 00:10:56,880
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador

239
00:10:57,120 --> 00:11:01,760
Speaker 1: accused of murdering a Texas man. Swalen charged with filming

240
00:11:01,800 --> 00:11:05,600
Speaker 1: and selling child pornography in Michigan. These are just some

241
00:11:05,720 --> 00:11:09,560
Speaker 1: of the heinous migrant criminals caught because of President Donald J.

242
00:11:09,640 --> 00:11:13,440
Speaker 1: Trump's leadership. I'm Christy Noman, the United States Secretary of

243
00:11:13,480 --> 00:11:18,280
Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are

244
00:11:18,320 --> 00:11:21,720
Speaker 1: at the lowest levels ever recorded, and over one hundred

245
00:11:21,720 --> 00:11:25,600
Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,

246
00:11:26,120 --> 00:11:29,400
Speaker 1: your next you will be fined nearly one thousand dollars

247
00:11:29,440 --> 00:11:33,600
Speaker 1: a day, imprisoned, and deported. You will never return. But

248
00:11:33,679 --> 00:11:37,199
Speaker 1: if you register using our CBP home app and leave now,

249
00:11:37,600 --> 00:11:40,680
Speaker 1: you could be allowed to return legally. Do what's right,

250
00:11:41,280 --> 00:11:46,800
Speaker 1: leave now. Under President Trump America's laws Border and families will.

251
00:11:46,640 --> 00:11:49,880
Speaker 2: Be protected sponsored by the United States Department of Homeland Security.

252
00:11:49,600 --> 00:11:53,040
Speaker 4: A max that to income ratio of gross income.

253
00:11:53,120 --> 00:11:55,800
Speaker 6: You really can't afford it because they're not taking consideration

254
00:11:56,400 --> 00:12:01,040
Speaker 6: your auto assurance, your childcare, those things of that nature

255
00:12:01,040 --> 00:12:03,280
Speaker 6: that don't report on your credit reports. So you have

256
00:12:03,360 --> 00:12:06,080
Speaker 6: to be smart, is what the message that I'm preaching

257
00:12:06,080 --> 00:12:08,400
Speaker 6: the people now is, like, you know, be.

258
00:12:08,480 --> 00:12:09,720
Speaker 4: Smart about this decision.

259
00:12:09,720 --> 00:12:13,319
Speaker 6: And that's why I preach multifamily and invest in as

260
00:12:13,320 --> 00:12:15,760
Speaker 6: a primary residence. First, it's just find a single family

261
00:12:15,840 --> 00:12:18,640
Speaker 6: home because you really can't afford it, you know, and

262
00:12:18,679 --> 00:12:21,800
Speaker 6: you're a recipe for foreclosure. God forget you get sick,

263
00:12:22,040 --> 00:12:24,000
Speaker 6: God foriget you get laid off. Like how are we

264
00:12:24,000 --> 00:12:25,160
Speaker 6: going to pick your longage?

265
00:12:24,840 --> 00:12:27,440
Speaker 3: And one of the things before before we finish, is

266
00:12:27,440 --> 00:12:30,960
Speaker 3: that you had mentioned before off camera that it's important

267
00:12:30,960 --> 00:12:33,360
Speaker 3: to have a strategy. Absolutely people like you go from

268
00:12:33,360 --> 00:12:35,199
Speaker 3: like two to three to four. Can you just kind

269
00:12:35,200 --> 00:12:36,160
Speaker 3: of explain that.

270
00:12:36,080 --> 00:12:39,800
Speaker 6: Yeah, I mean, listen, everything is strategy, no matter your

271
00:12:39,800 --> 00:12:43,280
Speaker 6: first time, first time home buyer, you bund your second home,

272
00:12:43,360 --> 00:12:45,120
Speaker 6: move up home, you got to have a strategy.

273
00:12:45,240 --> 00:12:47,840
Speaker 4: Right for tax purposes, you need a tax strategy.

274
00:12:47,880 --> 00:12:51,120
Speaker 6: That's why I speak a lot about tax strategy, insurance strategy.

275
00:12:51,480 --> 00:12:53,320
Speaker 4: We've had that conversation several times.

276
00:12:53,920 --> 00:12:57,000
Speaker 6: So what I try to tell people go down right

277
00:12:57,280 --> 00:13:01,240
Speaker 6: four three to one, because if you do it properly,

278
00:13:01,720 --> 00:13:03,800
Speaker 6: you will be able to use minimum down pay for

279
00:13:04,040 --> 00:13:07,240
Speaker 6: four units four units, three unit, two units.

280
00:13:07,280 --> 00:13:10,840
Speaker 3: So the first home should be a four unit home, correct.

281
00:13:11,040 --> 00:13:13,600
Speaker 3: Then you move out of that, you get the three

282
00:13:13,679 --> 00:13:16,480
Speaker 3: union home. Keep them, you keep them, but you keep

283
00:13:16,640 --> 00:13:17,400
Speaker 3: keeping it the whole time.

284
00:13:17,559 --> 00:13:17,760
Speaker 4: Keeping.

285
00:13:18,080 --> 00:13:20,520
Speaker 5: Then you go from three to two. Yeah, and then

286
00:13:20,800 --> 00:13:22,719
Speaker 5: now you can buy your dream home. Now you can

287
00:13:22,720 --> 00:13:26,600
Speaker 5: buy your dream all those now other homes that's paying for.

288
00:13:26,920 --> 00:13:28,160
Speaker 4: You got to drink about it, right.

289
00:13:28,640 --> 00:13:32,920
Speaker 6: You just accumulated probably what's that seven nine, nine doors

290
00:13:33,200 --> 00:13:33,920
Speaker 6: in a matter.

291
00:13:33,760 --> 00:13:35,960
Speaker 4: Of a couple of years. So if you're making five

292
00:13:36,040 --> 00:13:36,959
Speaker 4: hundred dollars.

293
00:13:37,040 --> 00:13:40,560
Speaker 6: Profit a door, you know, now your your your single

294
00:13:40,600 --> 00:13:42,760
Speaker 6: family dream home is paid for.

295
00:13:43,280 --> 00:13:45,199
Speaker 4: It's really your dream home. It's not like this is

296
00:13:45,240 --> 00:13:47,000
Speaker 4: what I can afford. It not what I can afford

297
00:13:47,080 --> 00:13:49,360
Speaker 4: right now. It's like we sacrifice for the first five

298
00:13:49,440 --> 00:13:53,800
Speaker 4: years of our real estate journey, right, and we went multi.

299
00:13:53,520 --> 00:13:55,920
Speaker 6: Families and moved our way down and we did it

300
00:13:55,960 --> 00:13:59,480
Speaker 6: strategically we're not sitting here buying in the best.

301
00:13:59,280 --> 00:14:00,960
Speaker 4: Neighborhood on buying our multis.

302
00:14:00,960 --> 00:14:03,600
Speaker 6: We're buying in areas that we can feel comfortable and

303
00:14:03,640 --> 00:14:05,880
Speaker 6: safe and and living for a year, and then we're

304
00:14:05,920 --> 00:14:08,200
Speaker 6: moving out and moving into a little bit step up

305
00:14:08,200 --> 00:14:10,720
Speaker 6: her neighborhood, but going down the units because from an

306
00:14:10,800 --> 00:14:14,280
Speaker 6: underwriting perspective, it has to make sense for you moving.

307
00:14:14,040 --> 00:14:17,400
Speaker 4: From one multi family to another multi family.

308
00:14:17,440 --> 00:14:20,040
Speaker 6: You can't buy a four family and three family on

309
00:14:20,040 --> 00:14:22,240
Speaker 6: the same block and say I'm moving from one house

310
00:14:22,240 --> 00:14:24,160
Speaker 6: to another, right, That doesn't make it.

311
00:14:24,200 --> 00:14:26,040
Speaker 3: So that's a play, like to move to a decent

312
00:14:26,080 --> 00:14:28,440
Speaker 3: neighborhood and just keep moving up in neighborhoods, just keep moving.

313
00:14:28,440 --> 00:14:29,160
Speaker 5: That's another thing too.

314
00:14:29,320 --> 00:14:31,000
Speaker 3: Parents, they're like, I want to move in the best

315
00:14:31,040 --> 00:14:34,000
Speaker 3: possible neighborhood right away where my kid is like one

316
00:14:34,080 --> 00:14:35,120
Speaker 3: years old because.

317
00:14:34,880 --> 00:14:37,040
Speaker 5: I went to school district. But one year is not

318
00:14:37,080 --> 00:14:38,480
Speaker 5: going to make that big difference, right.

319
00:14:38,400 --> 00:14:40,640
Speaker 4: Not at all. But it's not going to start to five.

320
00:14:40,960 --> 00:14:42,960
Speaker 6: Listen, the kid is not going to start the five.

321
00:14:43,000 --> 00:14:44,640
Speaker 6: I have a four year old, right, and she is

322
00:14:44,840 --> 00:14:47,360
Speaker 6: she'll be five this year. She's going to kindergarten, right,

323
00:14:47,880 --> 00:14:49,560
Speaker 6: I asked her every day with your line in school,

324
00:14:52,320 --> 00:14:55,840
Speaker 6: and the answer changes every single day, right, like and

325
00:14:55,880 --> 00:14:58,000
Speaker 6: then sometimes that I have nothing to do with school,

326
00:14:58,360 --> 00:15:00,320
Speaker 6: like okay, maybe right, So you.

327
00:15:00,280 --> 00:15:01,640
Speaker 4: Got to really think about it. Why are you going

328
00:15:01,720 --> 00:15:03,600
Speaker 4: to go to that best school district?

329
00:15:03,680 --> 00:15:06,640
Speaker 6: And the best school district in our areas come with

330
00:15:06,880 --> 00:15:08,160
Speaker 6: fifteen twenty.

331
00:15:07,840 --> 00:15:09,600
Speaker 4: Thousand in property taxes?

332
00:15:10,080 --> 00:15:12,400
Speaker 6: Right and now with the new tax laws, you can

333
00:15:12,480 --> 00:15:13,880
Speaker 6: only ride off ten thousand.

334
00:15:14,480 --> 00:15:16,280
Speaker 4: You can't ride off the whole amount.

335
00:15:16,400 --> 00:15:19,080
Speaker 6: The more so everything has to be strategy and you

336
00:15:19,160 --> 00:15:20,840
Speaker 6: have to know your tax laws and you have to

337
00:15:20,920 --> 00:15:21,560
Speaker 6: keep up with it.

338
00:15:21,640 --> 00:15:23,920
Speaker 4: Right, So why go to that best.

339
00:15:23,760 --> 00:15:26,120
Speaker 6: Neighborhood if you really don't need the school district right now,

340
00:15:26,120 --> 00:15:28,680
Speaker 6: why don't you go to the okay neighborhood that you're

341
00:15:28,680 --> 00:15:32,160
Speaker 6: safe in? Get the multifamily because while your child is growing,

342
00:15:32,400 --> 00:15:35,360
Speaker 6: you could be growing too, but in your real estate portfolio.

343
00:15:35,720 --> 00:15:38,480
Speaker 6: And now when it's time, maybe I don't even think

344
00:15:38,640 --> 00:15:40,680
Speaker 6: kindergarten you need to be in the best school district.

345
00:15:40,680 --> 00:15:42,640
Speaker 6: That's just my opinion. Maybe not even until they get

346
00:15:42,680 --> 00:15:46,040
Speaker 6: to you known, sixth or seventh grade is when their

347
00:15:46,080 --> 00:15:49,360
Speaker 6: brains really start retaining stuff. In my opinion is now

348
00:15:49,400 --> 00:15:51,680
Speaker 6: you probably want to go to that best school district

349
00:15:51,840 --> 00:15:54,360
Speaker 6: and then by that time you probably accumulated you know,

350
00:15:54,800 --> 00:15:57,800
Speaker 6: three four assets that now can help pay for them.

351
00:15:57,840 --> 00:16:00,320
Speaker 3: It's the same like with people in private school time.

352
00:16:00,360 --> 00:16:02,280
Speaker 3: People will send their private kids at private school in

353
00:16:02,280 --> 00:16:04,480
Speaker 3: like middle school because they only.

354
00:16:04,320 --> 00:16:06,800
Speaker 5: Pay the price of private school in second grade.

355
00:16:07,000 --> 00:16:09,280
Speaker 3: Yeah, so they save and then by the time they

356
00:16:09,320 --> 00:16:12,160
Speaker 3: get to like sixth grade, seventh grade, now they put

357
00:16:12,160 --> 00:16:13,160
Speaker 3: their kids in private school.

358
00:16:13,360 --> 00:16:16,000
Speaker 6: And I have folks that love private school right versus

359
00:16:16,000 --> 00:16:18,760
Speaker 6: public grade. But then why you're going to buy the

360
00:16:18,840 --> 00:16:23,040
Speaker 6: house that comes with fifteen thousand and taxes public if

361
00:16:23,040 --> 00:16:24,680
Speaker 6: you're not going to send the public because the majority

362
00:16:24,680 --> 00:16:27,560
Speaker 6: of your taxes are school taxes, you know what I'm saying,

363
00:16:27,600 --> 00:16:29,160
Speaker 6: So like, why are you going to pay out of

364
00:16:29,200 --> 00:16:31,400
Speaker 6: the fifteen grand, probably ten grand is going to the school,

365
00:16:31,680 --> 00:16:34,240
Speaker 6: but you're still paying probably ten fifteen k a year

366
00:16:34,280 --> 00:16:35,560
Speaker 6: in tuition at.

367
00:16:35,480 --> 00:16:37,480
Speaker 4: The same time, So and you can't write it all

368
00:16:37,520 --> 00:16:40,280
Speaker 4: off no more? So why do it? Right? It doesn't

369
00:16:40,280 --> 00:16:40,920
Speaker 4: make any sense.

370
00:16:40,960 --> 00:16:42,720
Speaker 6: Even if you go with the star program, the stock

371
00:16:42,840 --> 00:16:44,840
Speaker 6: programs are only going to save you a couple of dollars.

372
00:16:45,840 --> 00:16:48,440
Speaker 4: For those who don't know what's star, the Star program

373
00:16:48,480 --> 00:16:49,680
Speaker 4: saves you on school taxes.

374
00:16:50,080 --> 00:16:55,200
Speaker 6: Right, It used to come off the gross on your taxes.

375
00:16:55,200 --> 00:16:57,160
Speaker 6: Now they send you a check at the end of

376
00:16:57,200 --> 00:16:59,320
Speaker 6: the year, so it doesn't really help you. During the

377
00:16:59,360 --> 00:17:03,640
Speaker 6: court of the year you get reimbursed or refunded. That's

378
00:17:03,680 --> 00:17:06,920
Speaker 6: that's savings. But that's the savings is only like two grands.

379
00:17:06,920 --> 00:17:09,480
Speaker 6: So I mean two grand versus fifteen grand. It's like

380
00:17:09,560 --> 00:17:12,080
Speaker 6: pennies on the dollar. When you it's a penny save,

381
00:17:12,200 --> 00:17:14,560
Speaker 6: is a penny earned too at the same time, but

382
00:17:14,640 --> 00:17:17,040
Speaker 6: it doesn't really help you in the grand scheme of things.

383
00:17:17,040 --> 00:17:18,960
Speaker 6: So what I try to tell people is just and

384
00:17:19,119 --> 00:17:22,000
Speaker 6: just be smart because you got to pay that mortgage

385
00:17:22,000 --> 00:17:22,600
Speaker 6: every month.

386
00:17:22,440 --> 00:17:23,680
Speaker 4: And the mortgage man don't care.

387
00:17:24,000 --> 00:17:26,280
Speaker 6: They want their money and if they don't get your money,

388
00:17:26,480 --> 00:17:28,640
Speaker 6: they're gonna wind up foreclosing on you at some point.

389
00:17:28,760 --> 00:17:30,520
Speaker 4: So just be smart. Move a strategy.

390
00:17:30,920 --> 00:17:34,080
Speaker 6: Start with rental properties first, because the rental properties can

391
00:17:34,119 --> 00:17:36,880
Speaker 6: pay for your asset. Like dj Envy ncs of both

392
00:17:36,880 --> 00:17:39,120
Speaker 6: say at their seminos, right, which I love that they say.

393
00:17:39,720 --> 00:17:42,040
Speaker 6: You know MBS flashy like he love his cars, right,

394
00:17:42,080 --> 00:17:44,119
Speaker 6: we all know that if you follow him, he's always

395
00:17:44,119 --> 00:17:47,000
Speaker 6: buying some rose Royce or something. But he said flat out,

396
00:17:47,160 --> 00:17:49,240
Speaker 6: I don't buy this unless I have an asset that

397
00:17:49,240 --> 00:17:52,160
Speaker 6: can pay for it. So I'm not paying for it.

398
00:17:52,720 --> 00:17:59,280
Speaker 6: I'm paying for the asset assets overliabilities, right, shameless assets

399
00:17:59,280 --> 00:18:02,720
Speaker 6: of reliability these people. But he's buying the asset to

400
00:18:02,800 --> 00:18:05,679
Speaker 6: pay for the rolls Royce. You know we have that

401
00:18:05,760 --> 00:18:07,800
Speaker 6: same opportunity. You know, these guys are part of the

402
00:18:07,840 --> 00:18:11,239
Speaker 6: one percent club. Great, we all have that ability to

403
00:18:11,280 --> 00:18:13,159
Speaker 6: do the same thing. Even if we're not part of

404
00:18:13,160 --> 00:18:16,040
Speaker 6: the one percent. We can develop the one percent mentality.

405
00:18:16,880 --> 00:18:18,639
Speaker 6: That's all we need. So that's when you ask me,

406
00:18:18,640 --> 00:18:21,680
Speaker 6: where do we first start? Right here, the mentality is

407
00:18:21,720 --> 00:18:24,600
Speaker 6: the first place that we need to start. Develop that

408
00:18:24,600 --> 00:18:28,320
Speaker 6: one percent mentality. Develop a strong team, develop your one

409
00:18:28,359 --> 00:18:30,679
Speaker 6: percent dream team. You know you need guys like me,

410
00:18:30,760 --> 00:18:33,439
Speaker 6: You need guys like Shah. You need financial planning, you

411
00:18:33,480 --> 00:18:36,600
Speaker 6: need to understand tax planning, You need all of these

412
00:18:36,760 --> 00:18:40,119
Speaker 6: these these key team players to guide you to know

413
00:18:40,200 --> 00:18:43,239
Speaker 6: your overall strategy. Because if you just go to in

414
00:18:43,280 --> 00:18:45,240
Speaker 6: my business, what I like to call him order takers.

415
00:18:45,800 --> 00:18:47,560
Speaker 6: You know, it's like going to McDonald's. You want fries

416
00:18:47,600 --> 00:18:49,760
Speaker 6: with that right, If you go to a regular loan office.

417
00:18:49,760 --> 00:18:52,080
Speaker 6: So they're not asking you questions. They're just thinking to

418
00:18:52,119 --> 00:18:54,479
Speaker 6: get you pre approved today to buy that house today,

419
00:18:54,680 --> 00:18:57,400
Speaker 6: but they're not trying to gather the long term your

420
00:18:57,400 --> 00:19:00,200
Speaker 6: long term goals. So when someone comes to me, I'm

421
00:19:00,240 --> 00:19:02,840
Speaker 6: asking these questions because I want to know who are

422
00:19:02,920 --> 00:19:03,520
Speaker 6: you number one?

423
00:19:03,560 --> 00:19:04,920
Speaker 4: And what do you want to deal with your life?

424
00:19:04,920 --> 00:19:06,880
Speaker 6: Because if you tell me, hey, I want to buy

425
00:19:06,920 --> 00:19:09,000
Speaker 6: this house, but then at the same time you say

426
00:19:09,040 --> 00:19:11,720
Speaker 6: I want in basketball, you're contradicting yourself. You got to

427
00:19:11,800 --> 00:19:13,760
Speaker 6: kind of pick your poison and figure out what's the

428
00:19:13,760 --> 00:19:16,680
Speaker 6: best route. And I can only tell you my opinion,

429
00:19:17,040 --> 00:19:19,800
Speaker 6: my advice. This is what you qualify for. I'm gonna

430
00:19:19,840 --> 00:19:21,320
Speaker 6: lead you to the water, but it's up to you

431
00:19:21,400 --> 00:19:41,199
Speaker 6: to drink at the end of the day.

432
00:19:47,119 --> 00:19:50,800
Speaker 1: An illegal alien from Guatemala charged with raping a child

433
00:19:50,800 --> 00:19:54,639
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador

434
00:19:54,880 --> 00:19:59,000
Speaker 1: accused of murdering a Texas man of Venezuelan charged with

435
00:19:59,080 --> 00:20:02,960
Speaker 1: filming and selling child pornography in Michigan. These are just

436
00:20:03,080 --> 00:20:06,840
Speaker 1: some of the heinous migrant criminals caught because of President

437
00:20:06,840 --> 00:20:10,440
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

438
00:20:10,440 --> 00:20:15,240
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

439
00:20:15,280 --> 00:20:18,840
Speaker 1: crossings are at the lowest levels ever recorded, and over

440
00:20:18,880 --> 00:20:22,119
Speaker 1: one hundred thousand illegal aliens have been arrested. If you

441
00:20:22,200 --> 00:20:26,040
Speaker 1: are here illegally, your next you will be fine nearly

442
00:20:26,119 --> 00:20:30,160
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

443
00:20:30,160 --> 00:20:33,840
Speaker 1: never return. But if you register using our CBP home

444
00:20:33,880 --> 00:20:37,240
Speaker 1: app and leave now, you could be allowed to return legally.

445
00:20:37,600 --> 00:20:42,360
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

446
00:20:42,520 --> 00:20:44,960
Speaker 1: border and families will be protected.

447
00:20:45,040 --> 00:20:47,159
Speaker 2: Sponsored by the United States Department of Homeland Security,