1 00:00:04,960 --> 00:00:06,559 Speaker 1: Welcome to Money Making Conversations. 2 00:00:06,640 --> 00:00:08,440 Speaker 2: It's the show that she is the secrets of success 3 00:00:08,440 --> 00:00:12,000 Speaker 2: experience firsthand by Marketing and Brandon expert Rashan McDonald. I 4 00:00:12,039 --> 00:00:14,400 Speaker 2: will know he's giving me advice on many occasions. And 5 00:00:14,400 --> 00:00:17,440 Speaker 2: in case you didn't notice, I'm not broke. You know 6 00:00:17,480 --> 00:00:21,240 Speaker 2: he'll be interviewing celebrity CEOs, entrepreneurs and industry decision make 7 00:00:21,239 --> 00:00:23,119 Speaker 2: because it's what he likes to do, it's what he 8 00:00:23,280 --> 00:00:25,919 Speaker 2: likes to share. Now it's time to hear from my man, 9 00:00:26,400 --> 00:00:28,680 Speaker 2: Rashan McDonald money Making Conversations. 10 00:00:28,960 --> 00:00:31,400 Speaker 1: Here we go. 11 00:00:36,200 --> 00:00:38,920 Speaker 3: Hi, I'm Rashan McDonald. I host a weekly money making 12 00:00:38,960 --> 00:00:41,920 Speaker 3: conversation master Glass Show. The interviews and information that this 13 00:00:42,000 --> 00:00:44,960 Speaker 3: show provides offer everyone. Basically, I tell her people every 14 00:00:44,960 --> 00:00:47,640 Speaker 3: week it's time to stop reading other people's success stories 15 00:00:47,640 --> 00:00:49,960 Speaker 3: and start living your own. My next guest are a 16 00:00:50,040 --> 00:00:53,880 Speaker 3: dynamic duel one from USC one from the HBCU. 17 00:00:54,080 --> 00:00:56,320 Speaker 1: Okay, now we're going to get in detail on the HBCU. 18 00:00:56,600 --> 00:01:00,240 Speaker 3: They're offering access to high value real estate, access once 19 00:01:00,360 --> 00:01:03,680 Speaker 3: reserved for only the largest investors, and committed to reshaping 20 00:01:03,720 --> 00:01:06,959 Speaker 3: opportunities for the black community. That's why they owned this show. 21 00:01:07,240 --> 00:01:09,840 Speaker 3: Please welcome to the Money Making Conversation master Class. The chairman 22 00:01:09,920 --> 00:01:13,520 Speaker 3: and CEO Dennis Earl and the vice president MIKEL. 23 00:01:13,600 --> 00:01:15,840 Speaker 1: Piles. Hey, hey, thanks for having me. 24 00:01:16,040 --> 00:01:18,080 Speaker 3: Well, you know, you know, didn I was just giving. 25 00:01:18,120 --> 00:01:20,160 Speaker 3: I was just giving the extra us that love over 26 00:01:20,200 --> 00:01:21,720 Speaker 3: the HPCU. You know, I got love for you. 27 00:01:21,800 --> 00:01:25,280 Speaker 4: And see now, hey listen, I'm a fan of HBCU, 28 00:01:25,440 --> 00:01:28,600 Speaker 4: although I'm the lum of USC, so I give love 29 00:01:28,640 --> 00:01:29,199 Speaker 4: both ways. 30 00:01:29,240 --> 00:01:31,160 Speaker 5: Brother, all right, I'm good. 31 00:01:31,240 --> 00:01:31,720 Speaker 1: We said that. 32 00:01:31,880 --> 00:01:32,360 Speaker 5: We said that. 33 00:01:32,880 --> 00:01:35,800 Speaker 3: Now, Michael, we have a little history because we talked 34 00:01:36,120 --> 00:01:38,840 Speaker 3: on a previous interview because you you're kind of like, 35 00:01:38,920 --> 00:01:43,399 Speaker 3: what can I say, a serial entrepreneurs? Right, it was 36 00:01:43,400 --> 00:01:45,039 Speaker 3: a It was an online liquor business. 37 00:01:45,080 --> 00:01:46,360 Speaker 1: Correct, that's right, that's right. 38 00:01:46,440 --> 00:01:50,160 Speaker 6: I own an alcohol delivery service, actually the first black 39 00:01:50,240 --> 00:01:54,840 Speaker 6: owned alcohol delivery service called Quick Lick. We are located 40 00:01:54,920 --> 00:01:59,040 Speaker 6: in Miami, Florida and Atlanta, Georgia. I owned that with 41 00:01:59,160 --> 00:02:01,680 Speaker 6: two of my founders that I went to Clark Atlanta 42 00:02:01,800 --> 00:02:05,720 Speaker 6: University with. So we're just continuing this HBCU takeover. That's 43 00:02:05,760 --> 00:02:06,320 Speaker 6: what we're doing. 44 00:02:07,320 --> 00:02:09,000 Speaker 1: Well, here's the beauty of it. 45 00:02:09,200 --> 00:02:13,160 Speaker 3: Okay, I established Money Making Conversation Master Glass to give. 46 00:02:13,840 --> 00:02:19,320 Speaker 3: Would I consider the next stars of this business. That's entrepreneurs, 47 00:02:19,880 --> 00:02:23,919 Speaker 3: black investors, black voices. You know, we know this business 48 00:02:24,000 --> 00:02:29,079 Speaker 3: is tied social media, is tied to rappers, music artists influences. 49 00:02:29,160 --> 00:02:32,040 Speaker 3: But you guys play a role as influenced as the 50 00:02:32,120 --> 00:02:32,959 Speaker 3: chairman and ceo. 51 00:02:33,120 --> 00:02:34,240 Speaker 1: Did this pleasing? 52 00:02:34,320 --> 00:02:36,880 Speaker 3: Not here to correctly the name of your business and 53 00:02:37,800 --> 00:02:38,960 Speaker 3: where did that name come from? 54 00:02:39,080 --> 00:02:42,400 Speaker 4: So the company is called the Wholetaeil Group, and the 55 00:02:42,440 --> 00:02:47,480 Speaker 4: whole Tel Group is essentially a real estate syndication company 56 00:02:47,600 --> 00:02:52,680 Speaker 4: born from four black phenomenal men who really wanted to 57 00:02:52,760 --> 00:02:56,760 Speaker 4: give education to those who ordinarily would not have the 58 00:02:56,800 --> 00:03:02,000 Speaker 4: information to grow success, grow portfolios, and grow generational wealth. 59 00:03:02,200 --> 00:03:06,760 Speaker 4: So the Hotel Group essentially means born from within and 60 00:03:06,960 --> 00:03:10,680 Speaker 4: born from within is each of us can look inside 61 00:03:10,680 --> 00:03:14,680 Speaker 4: of our own souls and really dig deep, find ways 62 00:03:14,720 --> 00:03:17,640 Speaker 4: to be successful and live the American dream. 63 00:03:18,480 --> 00:03:20,840 Speaker 3: Well, you guys are based in California. I lived in 64 00:03:20,880 --> 00:03:24,079 Speaker 3: Californa from nineteen ninety two thousand and five, where real 65 00:03:24,200 --> 00:03:27,320 Speaker 3: estate is a crazy expensive. I always state to California 66 00:03:27,360 --> 00:03:30,639 Speaker 3: gets crazy expensives. I will tell people low income housing. 67 00:03:30,960 --> 00:03:33,360 Speaker 3: They can say to California, but guess what you've been 68 00:03:33,400 --> 00:03:36,360 Speaker 3: to have some money. So what is the general purpose 69 00:03:36,920 --> 00:03:38,200 Speaker 3: of what you guys are doing? 70 00:03:38,240 --> 00:03:38,600 Speaker 1: Dennis? 71 00:03:39,600 --> 00:03:43,720 Speaker 4: So, the purpose is allowing for individuals of like mind 72 00:03:43,880 --> 00:03:47,440 Speaker 4: to invest their dollars together as a collective, and then 73 00:03:47,480 --> 00:03:52,080 Speaker 4: those dollars raised are then deployed into large multi family 74 00:03:52,160 --> 00:03:58,000 Speaker 4: apartment buildings across the United States. Residential is you know, 75 00:03:58,080 --> 00:04:00,680 Speaker 4: everyone knows what a house is, or a condo or 76 00:04:00,720 --> 00:04:04,400 Speaker 4: a townhouse. Not many in the black community understand the 77 00:04:05,320 --> 00:04:07,760 Speaker 4: ins and outs of how to buy an apartment building. 78 00:04:08,080 --> 00:04:11,120 Speaker 4: We've been kept out of commercial real estate because, to 79 00:04:11,160 --> 00:04:15,120 Speaker 4: be frank, most Blacks do not have the liquidity to 80 00:04:15,160 --> 00:04:18,039 Speaker 4: play in the commercial real estate space. So we have 81 00:04:18,120 --> 00:04:22,080 Speaker 4: provided the opportunity to where individuals who do not have 82 00:04:22,200 --> 00:04:25,320 Speaker 4: the liquidity can put their money together as a collective 83 00:04:25,720 --> 00:04:29,320 Speaker 4: and buy an apartment building together and receive a dividend 84 00:04:29,520 --> 00:04:33,440 Speaker 4: on a quarterly basis an annual depreciation via the K 85 00:04:33,640 --> 00:04:39,120 Speaker 4: one and equity, which most are really doing at a 86 00:04:39,160 --> 00:04:41,280 Speaker 4: great scale, But not many Blacks. 87 00:04:42,040 --> 00:04:47,520 Speaker 3: So, Michael, are you guys or just all this about education? 88 00:04:47,640 --> 00:04:50,760 Speaker 3: So I asked questions so I can be knowledgeable the process. 89 00:04:51,040 --> 00:04:53,159 Speaker 1: So are y'all seeking investors? 90 00:04:53,360 --> 00:04:54,440 Speaker 3: Are y'all developers. 91 00:04:54,480 --> 00:04:57,680 Speaker 6: What are y'all we're doing both. We're doing both, Rashan. 92 00:04:58,400 --> 00:05:01,039 Speaker 6: So on the investment side is that's what Dennis said. 93 00:05:01,520 --> 00:05:04,960 Speaker 6: You know, our primary purpose is to galvanize investors from. 94 00:05:04,839 --> 00:05:05,960 Speaker 1: All walks of life. 95 00:05:06,200 --> 00:05:11,160 Speaker 6: We work with seasoned, accredited investors and novice beginner level investors. 96 00:05:11,480 --> 00:05:12,440 Speaker 1: You know, our whole thing. 97 00:05:12,480 --> 00:05:15,760 Speaker 6: When you talk about being a black owned investment company, 98 00:05:16,480 --> 00:05:18,920 Speaker 6: the ethos of our company, it starts with education. 99 00:05:19,480 --> 00:05:19,680 Speaker 5: You know. 100 00:05:19,839 --> 00:05:21,840 Speaker 6: Magic Johnson said it best, and I'm stealing this from 101 00:05:21,880 --> 00:05:24,760 Speaker 6: our partner, Dennis, but Magic Johnson said it best. 102 00:05:24,760 --> 00:05:26,680 Speaker 1: When it comes to the black diaspora. 103 00:05:27,120 --> 00:05:30,840 Speaker 6: We're experts in fashion, we're experts in entertainment, but we're 104 00:05:30,920 --> 00:05:34,839 Speaker 6: lagging behind in financial literacy. And so the Haltaire Group, 105 00:05:35,200 --> 00:05:39,080 Speaker 6: our whole purpose is to come together, galvanize our investors 106 00:05:39,360 --> 00:05:43,840 Speaker 6: and purchase these high value wealth building assets that are 107 00:05:43,880 --> 00:05:47,200 Speaker 6: typically only reserved for people that do not look like us. 108 00:05:47,440 --> 00:05:49,840 Speaker 6: So that's what we do on the investment side. And 109 00:05:49,880 --> 00:05:54,360 Speaker 6: then on the development side, our partner Marcide Hatcher, who's 110 00:05:54,400 --> 00:05:58,920 Speaker 6: our chief of Development, is overseeing Haltaire Development, which is 111 00:05:59,360 --> 00:06:06,400 Speaker 6: a special designated HBCU oriented division of Haltaire Group. Let 112 00:06:06,480 --> 00:06:09,120 Speaker 6: me tell you what we're doing with that Rashon Haltaire 113 00:06:09,360 --> 00:06:12,840 Speaker 6: is absolutely trailblazing. We're one of the only real estate 114 00:06:12,960 --> 00:06:17,000 Speaker 6: investment companies in the country, probably in the world, that's 115 00:06:17,120 --> 00:06:21,960 Speaker 6: focused on the HBCU student housing crisis. We've purchased five 116 00:06:22,040 --> 00:06:25,800 Speaker 6: acres of land in Tuskegee, Alabama, and we're working with 117 00:06:25,880 --> 00:06:30,640 Speaker 6: Tuskegee University to develop over two hundred brand new, top 118 00:06:30,680 --> 00:06:34,359 Speaker 6: of the line student housing units for that next class, 119 00:06:34,360 --> 00:06:38,800 Speaker 6: that next generation of leaders at Tuskegee. And we're currently 120 00:06:38,839 --> 00:06:43,760 Speaker 6: in negotiations for a forty two acre plot of land 121 00:06:44,440 --> 00:06:45,200 Speaker 6: in Texas. 122 00:06:45,240 --> 00:06:47,680 Speaker 1: I don't want to give the exact location because. 123 00:06:47,400 --> 00:06:50,279 Speaker 6: We're still getting the deal together, but we're getting ready 124 00:06:50,279 --> 00:06:53,440 Speaker 6: to close on forty two acres Rashon that we'll be 125 00:06:53,480 --> 00:06:57,920 Speaker 6: able to develop hundreds and hundreds of student housing as 126 00:06:58,040 --> 00:07:01,839 Speaker 6: well as multi media facilities for one of the prominent 127 00:07:02,000 --> 00:07:03,960 Speaker 6: HBCUs in Texas. 128 00:07:04,120 --> 00:07:05,279 Speaker 1: We're super proud about it. 129 00:07:06,000 --> 00:07:10,320 Speaker 3: Well this way, I broadcast on Texas Southern University, which 130 00:07:10,360 --> 00:07:13,800 Speaker 3: is in Houston, Texas, So if it's anywhere near my 131 00:07:13,960 --> 00:07:17,240 Speaker 3: broadcast reach, please come back. You know, hopefully it'll be 132 00:07:17,240 --> 00:07:21,000 Speaker 3: a groundbreaking ceremonial. Love to be invited down to that 133 00:07:21,360 --> 00:07:22,240 Speaker 3: because I just like to. 134 00:07:22,200 --> 00:07:23,440 Speaker 1: Say I'm an advocate. 135 00:07:23,480 --> 00:07:27,400 Speaker 3: I didn't go to or ten or graduate from HBCU, 136 00:07:27,440 --> 00:07:30,640 Speaker 3: but I'm an HBCU advocate because I understand black excellence 137 00:07:30,960 --> 00:07:33,320 Speaker 3: and I always tell people about it because of the 138 00:07:33,360 --> 00:07:37,160 Speaker 3: fact that and it's no slack on the schools that 139 00:07:37,240 --> 00:07:40,840 Speaker 3: we graduate from. Dennis and Ipwi's that's what called predominant 140 00:07:40,840 --> 00:07:45,160 Speaker 3: white institutions. But you know, when you realize that HBCUs 141 00:07:45,200 --> 00:07:48,920 Speaker 3: are delivering fifty percent of the black high school teachers, 142 00:07:49,320 --> 00:07:51,800 Speaker 3: you know, seventy five percent of the doctors, seventy five 143 00:07:51,840 --> 00:07:56,280 Speaker 3: percent of the dentists, thirty percent of the STEM graduates 144 00:07:56,280 --> 00:07:59,520 Speaker 3: of HBCUs. You know this information is forty percent of 145 00:07:59,520 --> 00:08:02,200 Speaker 3: the member of the Hungress from hbc US, vice President 146 00:08:02,600 --> 00:08:03,440 Speaker 3: hpc US. 147 00:08:03,720 --> 00:08:04,720 Speaker 1: And I always tell people. 148 00:08:05,240 --> 00:08:08,720 Speaker 3: I constantly put that information out there because if we 149 00:08:08,800 --> 00:08:12,440 Speaker 3: didn't know Vice President Kamala Harris went to an hbc 150 00:08:12,680 --> 00:08:16,360 Speaker 3: we would assume an ivy league. That's how stereotypes work. 151 00:08:17,040 --> 00:08:19,480 Speaker 3: And so when I come back, I say that Dennis, 152 00:08:19,640 --> 00:08:21,360 Speaker 3: you guys are working to get stereotypic. 153 00:08:21,400 --> 00:08:22,880 Speaker 1: You guys are not supposed to be doing this. 154 00:08:23,280 --> 00:08:26,040 Speaker 3: You know, how did you guys even sit in the 155 00:08:26,120 --> 00:08:28,600 Speaker 3: room look in the mirror. 156 00:08:28,320 --> 00:08:29,320 Speaker 4: Because you have to. 157 00:08:29,560 --> 00:08:31,520 Speaker 3: You know, I always tell people I get up at 158 00:08:31,520 --> 00:08:33,080 Speaker 3: fourth there I look at that mirror, that that mirror 159 00:08:33,120 --> 00:08:36,040 Speaker 3: can defeat you. You can look at heus. I'm too 160 00:08:36,080 --> 00:08:38,200 Speaker 3: tired for this. I ain't got time for this. That 161 00:08:38,200 --> 00:08:40,839 Speaker 3: mirror just looking right back at you. So when you're 162 00:08:40,840 --> 00:08:42,199 Speaker 3: looking in the mirror, Dennis. 163 00:08:41,920 --> 00:08:42,560 Speaker 1: You're the chairman. 164 00:08:42,960 --> 00:08:45,920 Speaker 3: So obviously it came from up top and feartered down 165 00:08:46,200 --> 00:08:49,040 Speaker 3: to convince somebody like Michael, this is the bridge to 166 00:08:49,040 --> 00:08:51,040 Speaker 3: be on. Because he already said a liquor over there. 167 00:08:51,240 --> 00:08:53,240 Speaker 3: He fired, He got liquor rolling over there. 168 00:08:53,320 --> 00:08:56,520 Speaker 1: So how did you? How did this the dream start? There? Dennis? 169 00:08:56,800 --> 00:08:58,720 Speaker 4: You know, I got tired of being a slave to 170 00:08:58,760 --> 00:09:02,520 Speaker 4: the commission. Twenty five years of commercial real estate, over 171 00:09:02,600 --> 00:09:07,079 Speaker 4: three hundred transactions, broker North three billion dollars in real estate. 172 00:09:07,440 --> 00:09:10,440 Speaker 4: I got tired of building wealth for others who do 173 00:09:10,559 --> 00:09:11,680 Speaker 4: not look like us. 174 00:09:12,160 --> 00:09:13,480 Speaker 5: Right, so COVID happened. 175 00:09:13,720 --> 00:09:17,080 Speaker 4: COVID came, the world stopped, looked myself in the mirror, 176 00:09:17,320 --> 00:09:20,360 Speaker 4: and I said, what's next. I called my partner, Anthony Tabor, 177 00:09:21,080 --> 00:09:24,240 Speaker 4: who is a Morgus banker. I called my partner Innis Williams, 178 00:09:24,280 --> 00:09:27,680 Speaker 4: who's a financial advisor, and obviously Mercie Hatcher, and we 179 00:09:27,760 --> 00:09:31,920 Speaker 4: came together and we said, look, let's start providing our information, 180 00:09:32,240 --> 00:09:37,640 Speaker 4: our knowledge. We all are experts within loans, brokerage, development 181 00:09:38,000 --> 00:09:39,240 Speaker 4: and financial wealth. 182 00:09:39,520 --> 00:09:42,280 Speaker 5: Let's put our expertise. 183 00:09:41,840 --> 00:09:44,720 Speaker 4: And give the education to the black and brown community, 184 00:09:45,120 --> 00:09:46,599 Speaker 4: and let's build a powerhouse. 185 00:09:47,040 --> 00:09:48,680 Speaker 5: And Rashaan I am excited. 186 00:09:49,600 --> 00:09:52,600 Speaker 4: Three years later, we have one hundred and thirty five investors, 187 00:09:53,320 --> 00:09:56,240 Speaker 4: one hundred and thirty three are black. We have raised 188 00:09:56,240 --> 00:09:59,760 Speaker 4: over fifteen million dollars, we have over forty million dollars 189 00:09:59,800 --> 00:10:03,920 Speaker 4: in assets. We're approaching five hundred units under management in 190 00:10:04,000 --> 00:10:04,880 Speaker 4: just three years. 191 00:10:05,320 --> 00:10:06,839 Speaker 5: Imagine what we are going to do. 192 00:10:06,960 --> 00:10:11,520 Speaker 4: Together as a collective black dollars within the community over 193 00:10:11,600 --> 00:10:15,319 Speaker 4: the next three years. We're creating a monster with myself, 194 00:10:15,440 --> 00:10:17,959 Speaker 4: Michael and our partners and with the help of you 195 00:10:18,080 --> 00:10:20,840 Speaker 4: and this platform, we're doing wonderful things. 196 00:10:21,240 --> 00:10:23,880 Speaker 3: Right, So it is all about getting worried out because 197 00:10:24,000 --> 00:10:26,080 Speaker 3: I know this by cal Like when you came on 198 00:10:26,120 --> 00:10:27,800 Speaker 3: my show. 199 00:10:27,400 --> 00:10:30,920 Speaker 1: And you know, it was unusual. I'd never heard of 200 00:10:30,960 --> 00:10:31,880 Speaker 1: what you was talking about. 201 00:10:31,920 --> 00:10:35,960 Speaker 3: You know, you had a game changing process and this 202 00:10:36,040 --> 00:10:39,080 Speaker 3: is a game changing process to digits because people here 203 00:10:39,120 --> 00:10:40,240 Speaker 3: they go, Man. 204 00:10:40,880 --> 00:10:42,960 Speaker 1: That kind of makes sense, but I don't believe it. 205 00:10:43,480 --> 00:10:47,960 Speaker 3: So you have to deal with a lot of you know, skepticism, correct. 206 00:10:47,679 --> 00:10:52,920 Speaker 5: Dennis, Absolutely, you know, really it's common practice. 207 00:10:53,200 --> 00:10:57,880 Speaker 4: Sports franchises, high rise buildings downtown Los Angeles or across 208 00:10:57,920 --> 00:10:59,120 Speaker 4: the across the world. 209 00:10:59,559 --> 00:11:01,040 Speaker 5: These are all syndications. 210 00:11:01,080 --> 00:11:05,920 Speaker 4: These are all individuals corporations who put their money together 211 00:11:06,440 --> 00:11:07,960 Speaker 4: and their dollars together. 212 00:11:07,720 --> 00:11:08,680 Speaker 5: Are more powerful. 213 00:11:09,040 --> 00:11:13,320 Speaker 4: Unfortunately, we as a community, we're not doing it, or 214 00:11:13,400 --> 00:11:16,080 Speaker 4: the masses of us are not doing it because we're 215 00:11:16,120 --> 00:11:18,160 Speaker 4: not educated on how to do it. 216 00:11:18,480 --> 00:11:19,680 Speaker 5: And that's what we are doing. 217 00:11:19,720 --> 00:11:23,079 Speaker 4: We are providing that education so we as a community 218 00:11:23,640 --> 00:11:26,760 Speaker 4: can get behind a ball and started making some serious, 219 00:11:26,800 --> 00:11:27,560 Speaker 4: powerful moves. 220 00:11:27,760 --> 00:11:33,720 Speaker 3: Imagine this, Michael, you know, you know I'm over sixty 221 00:11:33,760 --> 00:11:37,120 Speaker 3: and so I've lived through the sixties, seventy eighty all 222 00:11:37,120 --> 00:11:40,880 Speaker 3: the way to today. And are we too hard on 223 00:11:40,920 --> 00:11:43,040 Speaker 3: the black community when it comes to what we're not 224 00:11:43,200 --> 00:11:45,840 Speaker 3: doing what we're supposed to be doing. 225 00:11:45,960 --> 00:11:47,240 Speaker 1: You came from HBCU. 226 00:11:47,800 --> 00:11:49,800 Speaker 3: You have a different vision, You have a different story 227 00:11:49,840 --> 00:11:53,240 Speaker 3: to tell because you are academically trained in a black culture. 228 00:11:53,800 --> 00:11:56,320 Speaker 3: So there are some things I expect you've experienced. I 229 00:11:56,360 --> 00:11:59,760 Speaker 3: didn't experience, right, even though I participated with my black 230 00:11:59,760 --> 00:12:03,520 Speaker 3: friend brands players, the black fraternity on the school I 231 00:12:03,559 --> 00:12:03,840 Speaker 3: went to. 232 00:12:04,840 --> 00:12:08,200 Speaker 1: Are we too hard on us? Man? 233 00:12:08,240 --> 00:12:11,360 Speaker 6: That's that's an excellent, excellent question, Rashan. And first off, 234 00:12:11,679 --> 00:12:14,800 Speaker 6: to be over sixty. You look good, brother, you look good, right. 235 00:12:16,040 --> 00:12:20,400 Speaker 1: I believe you. I believe you know that question. 236 00:12:20,559 --> 00:12:22,280 Speaker 6: And the reason I say it's a good question is 237 00:12:22,320 --> 00:12:24,880 Speaker 6: because you know there's some truth to it. 238 00:12:25,160 --> 00:12:28,040 Speaker 1: Right. I grew up in a household. 239 00:12:28,360 --> 00:12:31,800 Speaker 6: I was very fortunate to have two black parents, both 240 00:12:31,880 --> 00:12:36,880 Speaker 6: college educated, neither of which went to HBCUs, but instilled 241 00:12:36,920 --> 00:12:39,760 Speaker 6: that in me the power of going to an HBCU. 242 00:12:39,880 --> 00:12:43,120 Speaker 6: They were very hard on me, very very hard, very tough. 243 00:12:44,200 --> 00:12:46,520 Speaker 6: But I think it's out of necessity Rashan. In fact, 244 00:12:46,600 --> 00:12:50,679 Speaker 6: I know it is right. Historically the world has been 245 00:12:50,720 --> 00:12:53,800 Speaker 6: hard on black people, you know, minorities in general. 246 00:12:54,120 --> 00:12:55,720 Speaker 1: The world has been hard on us. 247 00:12:55,880 --> 00:12:59,400 Speaker 6: So I think intrinsic to the black experience is a 248 00:12:59,559 --> 00:13:02,400 Speaker 6: need to be hard on your kids, right, so that 249 00:13:02,520 --> 00:13:05,880 Speaker 6: you have that so your kids are born and developed 250 00:13:06,240 --> 00:13:10,439 Speaker 6: with that rigidness, that callous because when they go out 251 00:13:10,480 --> 00:13:12,720 Speaker 6: in the world. As we know when you go into 252 00:13:12,720 --> 00:13:15,640 Speaker 6: the corporate world, when you go into the educational land stape, 253 00:13:15,640 --> 00:13:18,440 Speaker 6: when you go into the work for the workforce, the 254 00:13:18,480 --> 00:13:20,839 Speaker 6: world is going to be hard on us. So if 255 00:13:20,880 --> 00:13:24,920 Speaker 6: we're tough on ourselves, then we prepare ourselves for that. 256 00:13:24,960 --> 00:13:29,199 Speaker 6: But let me just say this, though, I think that 257 00:13:29,440 --> 00:13:36,120 Speaker 6: Black people are the most powerful, most confident, most persevering 258 00:13:36,520 --> 00:13:37,520 Speaker 6: culture that we have. 259 00:13:37,640 --> 00:13:39,520 Speaker 5: I'm so proud to grow. 260 00:13:39,400 --> 00:13:41,320 Speaker 6: Up as a black man and to have been to 261 00:13:41,360 --> 00:13:45,160 Speaker 6: an HBCU, and I believe that a lot of our success, 262 00:13:45,600 --> 00:13:48,320 Speaker 6: a lot of our legacy, can be attributed to that 263 00:13:48,520 --> 00:13:51,320 Speaker 6: strength that we have. So when you so some people 264 00:13:51,360 --> 00:13:53,400 Speaker 6: look at it as being hard, but I look at 265 00:13:53,400 --> 00:13:55,560 Speaker 6: it as just preparing us for life. And we've been 266 00:13:55,600 --> 00:13:58,760 Speaker 6: able to over the generations do great, great things, and 267 00:13:58,800 --> 00:13:59,920 Speaker 6: that we're continuing to grow. 268 00:14:00,800 --> 00:14:02,280 Speaker 7: Please don't go anywhere. 269 00:14:02,440 --> 00:14:03,240 Speaker 6: We'll be right. 270 00:14:03,080 --> 00:14:13,320 Speaker 7: Back with more Money Making Conversations Masterclass. Welcome back to 271 00:14:13,400 --> 00:14:17,800 Speaker 7: the Money Making Conversations Masterclass hosted by Rashaan McDonald. Money 272 00:14:17,840 --> 00:14:23,400 Speaker 7: Making Conversations Masterclass continues online at Moneymakingconversations dot com and 273 00:14:23,560 --> 00:14:29,640 Speaker 7: follow money Making Conversations Masterclass on Facebook, Twitter, and Instagram. 274 00:14:29,960 --> 00:14:33,680 Speaker 3: What's driving you, Dennis, what's driving you in this whole process? 275 00:14:33,880 --> 00:14:36,000 Speaker 3: You know, you say you come from that background that 276 00:14:36,360 --> 00:14:38,840 Speaker 3: well you're tired of working for the man. 277 00:14:38,960 --> 00:14:41,720 Speaker 1: Now you want to be the man. What's the end goal? 278 00:14:44,120 --> 00:14:46,760 Speaker 4: The in goal is to change the direction of our 279 00:14:47,080 --> 00:14:50,800 Speaker 4: of the black generations to come. The end goal is 280 00:14:50,840 --> 00:14:56,720 Speaker 4: to continue to educate those who have minimal amount of 281 00:14:56,760 --> 00:14:59,920 Speaker 4: capital and those who have an excess amount of capital. 282 00:15:00,560 --> 00:15:05,800 Speaker 4: The goal is to change the narrative. Listen, I grew up. 283 00:15:06,000 --> 00:15:08,120 Speaker 4: I didn't know much about real estate. I knew about 284 00:15:08,160 --> 00:15:10,840 Speaker 4: residential real estate. I had no clue that there was 285 00:15:11,040 --> 00:15:15,360 Speaker 4: shopping centers and strip malls and apartment complexes that individuals owned, 286 00:15:15,840 --> 00:15:20,000 Speaker 4: and that the rental income was making those families wealthy. 287 00:15:20,160 --> 00:15:24,480 Speaker 4: Our goal at Hotel is to have our investors, our 288 00:15:25,600 --> 00:15:30,120 Speaker 4: community be those individual owners who are getting wealthy, right, 289 00:15:30,280 --> 00:15:32,360 Speaker 4: those who are getting the mailbox checks. 290 00:15:32,520 --> 00:15:34,440 Speaker 5: Some call it as the envelope. 291 00:15:34,520 --> 00:15:34,680 Speaker 1: Right. 292 00:15:34,760 --> 00:15:36,440 Speaker 5: The cash flow that comes in. 293 00:15:37,080 --> 00:15:40,920 Speaker 4: Teaching those who attend HBCUs and those as you said Rashawn, 294 00:15:41,000 --> 00:15:44,120 Speaker 4: who tend the pwis on how they can be a boss, 295 00:15:44,400 --> 00:15:46,840 Speaker 4: how they can apply their dollars from either their corporate 296 00:15:46,920 --> 00:15:52,400 Speaker 4: job or being an entrepreneur. And by real estate, by wealth, 297 00:15:52,600 --> 00:15:54,880 Speaker 4: by cash flowing assets. 298 00:15:55,440 --> 00:15:57,240 Speaker 5: Not just a house or condover townhome. 299 00:15:57,280 --> 00:16:01,000 Speaker 4: We all should have those obviously, but really identified cast 300 00:16:01,080 --> 00:16:03,360 Speaker 4: loan to where their life is just so much better 301 00:16:03,400 --> 00:16:04,840 Speaker 4: and the education that's growth from there. 302 00:16:05,160 --> 00:16:05,720 Speaker 5: That's the goal. 303 00:16:06,080 --> 00:16:10,400 Speaker 3: Let's talk about this the whole process of trying to 304 00:16:10,440 --> 00:16:10,880 Speaker 3: catch up. 305 00:16:11,080 --> 00:16:11,960 Speaker 1: That's what we were trying to do. 306 00:16:12,240 --> 00:16:14,280 Speaker 3: You know, because in the black community. I come from 307 00:16:14,280 --> 00:16:18,080 Speaker 3: Fifth Ward, which is an urban neighborhood inside of Houston. 308 00:16:18,800 --> 00:16:22,240 Speaker 3: And the first thing, you know, we buy clothes. We 309 00:16:22,240 --> 00:16:23,720 Speaker 3: can buy Black people can buy clothes. 310 00:16:23,800 --> 00:16:23,960 Speaker 5: Right. 311 00:16:24,600 --> 00:16:27,800 Speaker 3: Then all of a sudden, we might get us a car, okay, 312 00:16:28,480 --> 00:16:31,480 Speaker 3: and then if you bless, you get your house. Now 313 00:16:31,600 --> 00:16:35,880 Speaker 3: you're talking about builders and shopping centers. That is your 314 00:16:36,040 --> 00:16:39,080 Speaker 3: I mean you like you over the moon now talking brother? 315 00:16:39,160 --> 00:16:44,000 Speaker 3: You beyond a car, you beyond a house. How does 316 00:16:44,040 --> 00:16:48,600 Speaker 3: an individual, even a successful individual, wrap their mind around 317 00:16:48,600 --> 00:16:50,360 Speaker 3: this conversation you're having with me? 318 00:16:50,920 --> 00:16:53,400 Speaker 5: But we've made this very easy, right. 319 00:16:54,400 --> 00:16:59,280 Speaker 4: Most investment groups have a minimum interance level of fifty. 320 00:16:59,000 --> 00:17:03,720 Speaker 5: Thousand to one hundred thousand dollars. Let's be real, most don't. 321 00:17:04,040 --> 00:17:06,560 Speaker 4: Most are not sitting on fifty to one hundred thousand 322 00:17:06,600 --> 00:17:11,200 Speaker 4: dollars liquid. We've lowered the ball to where our entrance 323 00:17:11,320 --> 00:17:14,800 Speaker 4: is ten thousand dollars. So rather than going to buy 324 00:17:14,880 --> 00:17:18,160 Speaker 4: the Jordans, or buying the Blame or buying the you know, 325 00:17:18,520 --> 00:17:23,119 Speaker 4: the extra package on the brand new car, put ten 326 00:17:23,240 --> 00:17:27,200 Speaker 4: thousand dollars and let it sit forget about it, because 327 00:17:27,240 --> 00:17:29,840 Speaker 4: guess what when you put your ten thousand that Bank 328 00:17:29,880 --> 00:17:32,800 Speaker 4: of America or Chase or Wells Fargo, what are they 329 00:17:32,840 --> 00:17:33,480 Speaker 4: doing for Sean. 330 00:17:33,880 --> 00:17:35,320 Speaker 5: They're taking our deposits. 331 00:17:35,920 --> 00:17:39,240 Speaker 4: They are investing our deposits into communities that we do 332 00:17:39,359 --> 00:17:39,960 Speaker 4: not live in. 333 00:17:40,400 --> 00:17:42,080 Speaker 5: And when we go to the bank and ask for. 334 00:17:42,080 --> 00:17:44,960 Speaker 4: A loan, we're the ones getting denied when they're using 335 00:17:44,960 --> 00:17:48,560 Speaker 4: our dollars sitting in their banks. So take those dollars, 336 00:17:49,160 --> 00:17:52,080 Speaker 4: put them into an investment, sit on it, and watch 337 00:17:52,119 --> 00:17:56,159 Speaker 4: it grow. So ten thousand dollars is our entrance. And 338 00:17:56,200 --> 00:17:58,960 Speaker 4: for those who put in ten thousand or north thereof, 339 00:17:59,480 --> 00:18:02,440 Speaker 4: they're able to receive cash flow, they're able to get 340 00:18:02,440 --> 00:18:05,800 Speaker 4: attached right off to save them on their UH income taxes. 341 00:18:05,840 --> 00:18:08,080 Speaker 4: They're able to get equity. So we make it really 342 00:18:08,119 --> 00:18:11,000 Speaker 4: easy for those to participate inside of the whotail group. 343 00:18:11,600 --> 00:18:11,879 Speaker 1: Cool. 344 00:18:12,320 --> 00:18:15,440 Speaker 3: I'm gonna go over to mikel hire from it. Michael, 345 00:18:15,920 --> 00:18:18,120 Speaker 3: how did you get into Dennis's life? 346 00:18:18,840 --> 00:18:21,200 Speaker 1: Yes? Yes, so actually. 347 00:18:22,280 --> 00:18:26,520 Speaker 6: It was a very serendipitous event that brought Dennis and 348 00:18:26,560 --> 00:18:31,800 Speaker 6: I together. Uh we actually roundabout way came together by 349 00:18:31,840 --> 00:18:35,600 Speaker 6: way of my fraternity, which is Kapa Alpha PSI Fraternity Incorporated. 350 00:18:35,840 --> 00:18:38,680 Speaker 3: Yeah meres another fraternity other than Alpha out there. 351 00:18:38,920 --> 00:18:39,760 Speaker 1: That what you tell me? 352 00:18:39,840 --> 00:18:42,679 Speaker 6: Brother? Well, I thought we were the only fraternity, but 353 00:18:42,880 --> 00:18:47,000 Speaker 6: you know, we learned every day. 354 00:18:47,000 --> 00:18:49,880 Speaker 4: Wait, wait, I have to interject, because Rashan, you talked 355 00:18:49,880 --> 00:18:52,919 Speaker 4: about the vision. You asked us question earlier about the 356 00:18:53,040 --> 00:18:56,560 Speaker 4: vision of Wolter and if I remember correctly from history, 357 00:18:57,119 --> 00:19:03,399 Speaker 4: the visionaries of the seven founders of Alpha Phi Alpha 358 00:19:03,440 --> 00:19:05,359 Speaker 4: Alpha side. 359 00:19:06,560 --> 00:19:06,960 Speaker 5: Right now? 360 00:19:07,040 --> 00:19:15,479 Speaker 1: Please, Hey, hey, ra Shan, it's nineteen eleven, love brother. I. 361 00:19:16,359 --> 00:19:19,760 Speaker 6: So Dennis actually began, as you mentioned earlier, he began 362 00:19:19,840 --> 00:19:23,600 Speaker 6: the Halltaire Group with three other co founders, two of 363 00:19:23,600 --> 00:19:26,400 Speaker 6: which are members of my fraternity and one of which, 364 00:19:26,480 --> 00:19:30,199 Speaker 6: Marcide Hatcher, is a mutual friend of one of my 365 00:19:30,240 --> 00:19:34,680 Speaker 6: fraternity brothers. So, as I was looking to transition from 366 00:19:34,720 --> 00:19:37,600 Speaker 6: the residential side of real estate, where I made my 367 00:19:37,720 --> 00:19:42,000 Speaker 6: bones for many years, into the commercial side and into 368 00:19:42,119 --> 00:19:45,560 Speaker 6: an opportunity to really help our community build wealth. I 369 00:19:45,600 --> 00:19:49,560 Speaker 6: saw that my fraternity brother Marcide began this company along 370 00:19:49,560 --> 00:19:51,720 Speaker 6: with Dennis and was doing some amazing things. 371 00:19:52,080 --> 00:19:54,280 Speaker 1: So I reached out to him and I said, hey, man, 372 00:19:54,480 --> 00:19:55,280 Speaker 1: I love to sit. 373 00:19:55,160 --> 00:19:58,439 Speaker 6: Down and talk to you and your partners because everything 374 00:19:58,480 --> 00:20:01,760 Speaker 6: you're creating with the Halltaire Group resonates with my passions 375 00:20:01,800 --> 00:20:03,879 Speaker 6: and my goal in life, which is to help my 376 00:20:04,040 --> 00:20:06,600 Speaker 6: community and my family build generational wealth. 377 00:20:06,600 --> 00:20:09,119 Speaker 1: And that's how I met Dennis. We had a conversation. 378 00:20:09,600 --> 00:20:11,520 Speaker 6: I think he saw that I could be a great 379 00:20:11,520 --> 00:20:14,600 Speaker 6: addition to the team and the rest was history. 380 00:20:14,880 --> 00:20:15,160 Speaker 1: Cool. 381 00:20:15,240 --> 00:20:18,920 Speaker 3: I'm gonna go granular here, Dennis, because I really want 382 00:20:18,920 --> 00:20:22,679 Speaker 3: to understand what's going on with the hotel group. Okay, 383 00:20:22,800 --> 00:20:28,440 Speaker 3: you investing properties, buildings, shopping malls to do rewrite strip centers. 384 00:20:29,040 --> 00:20:33,399 Speaker 4: No, sir, No, we are for those familiar with Los Angeles. 385 00:20:33,400 --> 00:20:36,200 Speaker 5: We are in and out burger. We do burgers and fries. 386 00:20:36,280 --> 00:20:41,000 Speaker 4: And I say that because we do multifamily and only multifamily. 387 00:20:41,680 --> 00:20:41,920 Speaker 1: Cool. 388 00:20:42,640 --> 00:20:44,520 Speaker 3: I'm going over to the to the math police over 389 00:20:44,520 --> 00:20:46,200 Speaker 3: here by kare you know? I got to ask about 390 00:20:46,200 --> 00:20:48,840 Speaker 3: this podcast because I know you, I'd be keeping on 391 00:20:48,880 --> 00:20:51,119 Speaker 3: my show, Dennis. You your first time, but I know 392 00:20:51,160 --> 00:20:53,720 Speaker 3: where the talking machine is right there, right there? 393 00:20:53,880 --> 00:20:54,080 Speaker 1: You know. 394 00:20:54,440 --> 00:20:57,640 Speaker 3: So ho, you got a podcast that my care tell 395 00:20:57,640 --> 00:20:58,000 Speaker 3: me about. 396 00:20:58,040 --> 00:20:58,520 Speaker 1: That's right. 397 00:20:58,800 --> 00:21:02,359 Speaker 6: We're so proud of our It's called The How with 398 00:21:02,520 --> 00:21:03,639 Speaker 6: Haltare podcast. 399 00:21:04,200 --> 00:21:06,520 Speaker 1: The How is an acronym how. 400 00:21:07,040 --> 00:21:11,639 Speaker 6: It stands for helping others win and that says it 401 00:21:11,680 --> 00:21:14,919 Speaker 6: all in a nutshell. We develop We developed this platform 402 00:21:15,119 --> 00:21:18,520 Speaker 6: Rashan in order to educate the community on all things 403 00:21:18,560 --> 00:21:25,920 Speaker 6: regarding financial literacy, wealth being, entrepreneurship, investing, and everything under 404 00:21:25,920 --> 00:21:28,879 Speaker 6: the sun. You ask the question earlier when it comes 405 00:21:28,880 --> 00:21:32,960 Speaker 6: to bringing people into the Haltare ecosystem. 406 00:21:32,520 --> 00:21:34,359 Speaker 1: How do we explain what we do? How do we 407 00:21:34,440 --> 00:21:35,080 Speaker 1: pitch them? 408 00:21:35,480 --> 00:21:38,160 Speaker 6: Well, at Haltaire, we don't even like to look at 409 00:21:38,200 --> 00:21:43,480 Speaker 6: our business education as a pitch, right. Obviously, we're a 410 00:21:43,480 --> 00:21:46,560 Speaker 6: for profit business and we bring in investors, but we 411 00:21:46,600 --> 00:21:48,359 Speaker 6: don't like to pitch our investors. 412 00:21:48,560 --> 00:21:50,639 Speaker 1: We like to educate them and we do it in. 413 00:21:50,640 --> 00:21:53,760 Speaker 6: A variety of ways, and the podcast is an extremely 414 00:21:53,880 --> 00:21:56,879 Speaker 6: unique and creative way that we're doing it. For your 415 00:21:56,920 --> 00:22:00,160 Speaker 6: listeners out there that are interested in hearing or seeing 416 00:22:00,240 --> 00:22:03,760 Speaker 6: the podcast, you can find us on YouTube. Just type 417 00:22:03,760 --> 00:22:09,600 Speaker 6: in how with Haltaire. We're on Spotify, Amazon, Apple Podcasts, 418 00:22:09,920 --> 00:22:12,119 Speaker 6: wor getting out far and wide with this message with 419 00:22:12,160 --> 00:22:15,480 Speaker 6: Sean because we want the community at large to understand 420 00:22:15,520 --> 00:22:17,720 Speaker 6: that everybody out there can do what we do. 421 00:22:17,960 --> 00:22:20,360 Speaker 1: And that's what we're letting them know. See what I'm saying. 422 00:22:20,400 --> 00:22:22,359 Speaker 1: You see what I'm saying, Tennis. You know what I'm saying. 423 00:22:22,520 --> 00:22:27,880 Speaker 5: My piece, that's my VP. That's but you know what, 424 00:22:28,200 --> 00:22:30,640 Speaker 5: I would be remiss if I do not challenge your 425 00:22:30,680 --> 00:22:31,480 Speaker 5: guy's fraternity. 426 00:22:31,960 --> 00:22:38,000 Speaker 4: I'm going to Alpha Side on money Making with Rashaw McDonald. 427 00:22:38,560 --> 00:22:45,760 Speaker 3: Right, Money Making Conversation Masterclass Alpha Kappa Omega all Right, 428 00:22:46,480 --> 00:22:49,080 Speaker 3: I ain't got no problem being challenged because that's what 429 00:22:49,280 --> 00:22:50,240 Speaker 3: we do well. 430 00:22:51,359 --> 00:22:55,720 Speaker 4: Omega and Kappa Alpha Side Alpha find Alpha. Two days 431 00:22:55,920 --> 00:23:00,600 Speaker 4: per this conversation has raised one point one hundred million 432 00:23:00,640 --> 00:23:04,680 Speaker 4: dollars that has gone into our assets across the United States. 433 00:23:05,280 --> 00:23:06,040 Speaker 5: So I am. 434 00:23:05,960 --> 00:23:10,040 Speaker 4: Officially challenging Omega SCIE five. I am challenging Kapa Alpha, 435 00:23:10,040 --> 00:23:12,800 Speaker 4: PSI five, Beta Sigma and all the others in the 436 00:23:12,840 --> 00:23:17,359 Speaker 4: Divine nine the Back Hotel Group. Put your black dollars 437 00:23:17,400 --> 00:23:20,879 Speaker 4: behind a black company who are doing phenomenal business and 438 00:23:20,960 --> 00:23:23,480 Speaker 4: grow your Portfoltios within your organization. 439 00:23:23,440 --> 00:23:26,160 Speaker 3: Absolutely, like you said, for Smith Arkansast like you said, 440 00:23:26,160 --> 00:23:29,120 Speaker 3: Saint Louis like you said, Maroo Louisiana, like I said, 441 00:23:29,160 --> 00:23:31,879 Speaker 3: East New Orleans. They are projects they're developing in the 442 00:23:31,920 --> 00:23:34,880 Speaker 3: Texas market. They gonna announce it a few days when 443 00:23:34,880 --> 00:23:36,760 Speaker 3: they break bread. They're gonna bring Rashaan down so I 444 00:23:36,760 --> 00:23:38,760 Speaker 3: can break bread with them, throw a little dirt route 445 00:23:38,840 --> 00:23:40,679 Speaker 3: do it like that. But the good thing about it, 446 00:23:40,760 --> 00:23:43,399 Speaker 3: I want to take the time for the thank you 447 00:23:43,440 --> 00:23:46,280 Speaker 3: guys for coming over here, because you know. 448 00:23:46,240 --> 00:23:49,320 Speaker 1: The model is simple. You know what I'm saying. 449 00:23:49,720 --> 00:23:54,159 Speaker 3: You buy your investing properties eighty five percent occupancy. That 450 00:23:54,240 --> 00:23:58,600 Speaker 3: means there's a return on investment immediately. Eight percent is 451 00:23:58,880 --> 00:24:02,080 Speaker 3: an your return on an investment. And so with that 452 00:24:02,119 --> 00:24:05,520 Speaker 3: being said, the research is put in on the properties. 453 00:24:05,560 --> 00:24:08,479 Speaker 3: The properties have high value, not holding on to them 454 00:24:08,520 --> 00:24:11,679 Speaker 3: for five years or longer. It's the whole process seems 455 00:24:11,760 --> 00:24:13,680 Speaker 3: very simple to me. Guys. I want to thank y'all 456 00:24:13,680 --> 00:24:16,239 Speaker 3: for coming on my show, Money Making Conversation Masterclife. If 457 00:24:16,280 --> 00:24:19,360 Speaker 3: I said anything, Chairman, you can strike me down, brother, 458 00:24:19,400 --> 00:24:20,280 Speaker 3: you can strike me down. 459 00:24:22,000 --> 00:24:22,480 Speaker 5: That's great. 460 00:24:22,560 --> 00:24:23,720 Speaker 1: Rashaan, Hey, hey, Rashaan. 461 00:24:23,840 --> 00:24:27,360 Speaker 6: The only thing you missed is the is the equity appreciation. 462 00:24:27,720 --> 00:24:30,040 Speaker 1: We're all about building wealth, and one thing I just 463 00:24:30,040 --> 00:24:30,480 Speaker 1: wanted to. 464 00:24:30,400 --> 00:24:34,240 Speaker 6: Shout out is that all of our assets have appreciated 465 00:24:34,400 --> 00:24:38,520 Speaker 6: tremendously in equity. The eight percent eight percent cash return 466 00:24:38,640 --> 00:24:42,080 Speaker 6: is good, it's great. But the equity, we're talking about 467 00:24:42,280 --> 00:24:45,480 Speaker 6: millions and millions of dollars that our investors are going 468 00:24:45,560 --> 00:24:47,760 Speaker 6: to be able to cash in on and have that 469 00:24:47,800 --> 00:24:48,960 Speaker 6: wealth for the next generation. 470 00:24:49,960 --> 00:24:52,800 Speaker 3: And so when they come in, that's their equity point 471 00:24:52,800 --> 00:24:55,680 Speaker 3: when they come when they invest in, and then it 472 00:24:55,720 --> 00:24:56,560 Speaker 3: ascends from there. 473 00:24:56,600 --> 00:24:57,600 Speaker 1: That's how it works, Yes, sir. 474 00:24:57,640 --> 00:25:01,000 Speaker 6: When you invest that establishes your base, as we would 475 00:25:01,000 --> 00:25:03,680 Speaker 6: call it in the industry. And then over time, as 476 00:25:03,720 --> 00:25:07,080 Speaker 6: you live in one of our funds, then your equity 477 00:25:07,200 --> 00:25:09,880 Speaker 6: in that fund appreciates over time. So if we buy 478 00:25:09,880 --> 00:25:13,400 Speaker 6: a property for ten million dollars, after three years, it's 479 00:25:13,440 --> 00:25:17,720 Speaker 6: worth fifteen sixteen million. Whenever we decide to sell or 480 00:25:17,760 --> 00:25:20,880 Speaker 6: refinance that property, you get your pro right to share 481 00:25:20,880 --> 00:25:21,560 Speaker 6: of that profit. 482 00:25:21,760 --> 00:25:23,760 Speaker 1: That's where the wealth comes in, right. 483 00:25:23,880 --> 00:25:25,600 Speaker 3: See that's that Hen and jam you ain't telling it 484 00:25:25,600 --> 00:25:28,320 Speaker 3: about it, you know, you know what I'm saying. That's 485 00:25:28,320 --> 00:25:30,600 Speaker 3: why you got Michael right here doing this. Thank you 486 00:25:30,600 --> 00:25:32,560 Speaker 3: guys for coming on Money Making Conversations Master Say, I 487 00:25:32,600 --> 00:25:35,800 Speaker 3: appreciate your time. I really appreciate you guys understanding what 488 00:25:35,840 --> 00:25:37,760 Speaker 3: I'm trying to do on this show. But more importantly, 489 00:25:38,160 --> 00:25:40,120 Speaker 3: one more quick shout out about the podcast. Fore I'll 490 00:25:40,160 --> 00:25:40,879 Speaker 3: let you go with Michael. 491 00:25:41,080 --> 00:25:45,520 Speaker 6: Yes, please please go like, subscribe and follow the How 492 00:25:45,720 --> 00:25:47,240 Speaker 6: with Haltare podcast. 493 00:25:47,600 --> 00:25:50,560 Speaker 1: That's how Helping others win. 494 00:25:50,680 --> 00:25:53,640 Speaker 6: We're on YouTube and everywhere you get your podcasts. 495 00:25:53,680 --> 00:25:54,280 Speaker 1: You'll love it. 496 00:25:54,800 --> 00:25:57,200 Speaker 8: Thank you for joining us for this edition of Money 497 00:25:57,200 --> 00:26:02,840 Speaker 8: Making Conversations Masterclass. Money Making Conversations Masterclass with rough Shan 498 00:26:02,920 --> 00:26:06,560 Speaker 8: McDonald is produced by thirty eight fifteen Media Inc. More 499 00:26:06,600 --> 00:26:10,480 Speaker 8: information about thirty eight fifteen Media Inc. Is available at 500 00:26:10,520 --> 00:26:13,000 Speaker 8: thirty eight fifteen media dot com. 501 00:26:13,040 --> 00:26:15,760 Speaker 7: And always remember to lead with your gifts