WEBVTT - Money Talk: Pastor Jenkins authored The Real Estate Wealth Creator Blueprint.

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<v Speaker 1>Welcome to my show. I'm Rashon McDonald, a host of

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<v Speaker 1>Money Making Conversations Masterclass, where we encourage people to stop

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<v Speaker 1>or advice on how to be a successful entrepreneur. Now,

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<v Speaker 1>let's get this podcast started. My guest is a real

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<v Speaker 1>estate entrepreneur, financial Strategists and host of Less Talk real Estate.

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<v Speaker 1>He's also the author under real Estate and Sales, The

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<v Speaker 1>Real Estate Wealth Creator Blueprint Key's to overcoming fear, lack

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<v Speaker 1>of money, and inexperience to possess real estate. Please welcome

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<v Speaker 1>the Money Making Conversation that the class extra bee Jinkings,

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<v Speaker 1>not dexter. Don't say nothing now, but you got to

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<v Speaker 1>tell me how did it feel to have the number

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<v Speaker 1>one book on Amazon.

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<v Speaker 2>I would tell you, after all, it took me a

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<v Speaker 2>year to write that book, so after twelve months of work,

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<v Speaker 2>it felt good.

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<v Speaker 1>Okay, now we talk about faith. Now, Now there was

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<v Speaker 1>a lot of prayering to that book that got you there,

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<v Speaker 1>a lot of a lot of writing and and all.

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<v Speaker 2>It was a mixture of both, so that you know,

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<v Speaker 2>the prayer, faith that our works is dad. So it was.

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<v Speaker 1>Yes, sir, yes, sir.

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<v Speaker 2>I not to get it done.

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<v Speaker 1>Well, congratulations man on having this book. And if you're

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<v Speaker 1>ready to get this interview started, I'm ready.

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<v Speaker 2>I'm ready.

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<v Speaker 1>You said a couple of things in the opening. I

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<v Speaker 1>want to jump right back into it. You know, overcoming fear.

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<v Speaker 1>You know why did you have that? Because I got

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<v Speaker 1>that directly from the information you sent to me. It's

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<v Speaker 1>buying property, it's houses, there's lots that are empty. Why

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<v Speaker 1>would that be overcoming fear?

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<v Speaker 2>Well, because I think real estate is probably the in

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<v Speaker 2>most people's cases, is the largest purchase they're ever gonna make.

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<v Speaker 2>You know, I don't care where what you are, so

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<v Speaker 2>if you're by me, I'm a Boston, Massachusett man. The

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<v Speaker 2>media and the house price and mass Chusetts just went

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<v Speaker 2>over six hundred thousand dollars. So for the most part,

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<v Speaker 2>you're looking at I am about to make a purchase

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<v Speaker 2>for six hundred thousand dollars and maybe I've never done

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<v Speaker 2>it before. And so that's why I believe fear is

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<v Speaker 2>the biggest thing you tell people overcome and you overcome

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<v Speaker 2>that through education, you overcome that through networking and things

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<v Speaker 2>that nature. And so that's why we attack fear first,

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<v Speaker 2>because if you can get past the fear and purchase

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<v Speaker 2>your first house, brother Shaw, I believe it is life changing.

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<v Speaker 1>Okay, cool. We know you're religious man. You have a church, yes, sir,

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<v Speaker 1>you know you speak to them, and so f has

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<v Speaker 1>a role in your life that every person may not have.

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<v Speaker 1>But so I have to bring that up first because

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<v Speaker 1>a lot of people are conflicted with faith and business.

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<v Speaker 1>And I remember I asked Julanda Adams about that. Is

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<v Speaker 1>there a difference between faith and business? She said, Richard,

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<v Speaker 1>they is the one and the same. So when I

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<v Speaker 1>have to ask you, Dexter B. Jenkins, you ephasize the

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<v Speaker 1>role of faith in real estate and wealth creation. Can

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<v Speaker 1>you elaborate on how faith intersects with financial success based

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<v Speaker 1>on your experience, what what?

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<v Speaker 2>What will go back to what you know? You mentioned

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<v Speaker 2>Elanda Adams, who I've never met, but I know I

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<v Speaker 2>was able and most people know who she is. Right,

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<v Speaker 2>she's she's right on point in that the only the

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<v Speaker 2>only people who separated faith and money were for people.

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<v Speaker 2>God never did. So if you go to his Manual,

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<v Speaker 2>which for us is the Bible, you know, but Jesus

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<v Speaker 2>spoke more on money than anything else. So from that perspective,

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<v Speaker 2>there's no difference. Now, I think a lot of times,

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<v Speaker 2>you know, there have been some miscode scriptures. You know,

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<v Speaker 2>one Timothy chapter six the money is the root of

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<v Speaker 2>all evil, which the scripture says the love of money.

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<v Speaker 2>And then you know, you hear people talk about, you know,

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<v Speaker 2>what does a profit a man to gain the whole

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<v Speaker 2>world and lose his soul and so and some of

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<v Speaker 2>those and those are valid points. What God just wants

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<v Speaker 2>you to keep him first in everything that you do.

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<v Speaker 2>So if you keep him first, he has no problem.

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<v Speaker 2>But when you start talking about real estate. Real estate

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<v Speaker 2>is a major theme in the Bible, starting in Genesis

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<v Speaker 2>chapter one, where we see God is the original developer.

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<v Speaker 2>He looks out there and he sees darkness, and then

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<v Speaker 2>what he does is he speaks light and then he

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<v Speaker 2>begins to he spends, he begins to develop.

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<v Speaker 1>I love it.

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<v Speaker 2>And then you go and you look at you know,

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<v Speaker 2>he was sending Abraham to a land and then a

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<v Speaker 2>promise and then to did you they were going to

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<v Speaker 2>a land and so there's a major theme in the

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<v Speaker 2>Bible of the land. And so I was just trying

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<v Speaker 2>to pull that out in the scripture. I mean from

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<v Speaker 2>scripture in the book that you know God was the

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<v Speaker 2>original developer, and that you know, there should be no

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<v Speaker 2>no conflict with individuals with with with them desiring to

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<v Speaker 2>own real estate and then you know, obviously desiring to

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<v Speaker 2>be spiritual on whatever left. Like obviously we said, we're

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<v Speaker 2>coming from a Christian stance right now. You may have

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<v Speaker 2>people who may not or may not even who may

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<v Speaker 2>not even you know, that's not an area of their

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<v Speaker 2>life that they tend to go after it. But whatever

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<v Speaker 2>it is, if you're looking at your faith and even

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<v Speaker 2>your just your basic belief system, I believe you have

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<v Speaker 2>to let people understand that it's okay to desire wealth.

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<v Speaker 2>And that's that's why I love what you do, because

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<v Speaker 2>these classes are really getting people to think, Okay, it's

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<v Speaker 2>okay for me to do that, and as long as

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<v Speaker 2>I'm moral and ethical about it, it's all good.

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<v Speaker 1>Please don't go anywhere. We'll be right back with more

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<v Speaker 1>and Instagram. Okay, your book, The Real Estate Wealth Creator Blueprint.

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<v Speaker 1>What is the purpose of that title, The Real Estate

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<v Speaker 1>Wealth Creator Blueprint.

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<v Speaker 2>Well, because all success leaves clues, you know, you know,

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<v Speaker 2>and so there's a blueprint that I followed. You know.

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<v Speaker 2>I'm a second generation real estate investor. My dad was

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<v Speaker 2>a guy who grew up in a small town called

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<v Speaker 2>Saint Stephen, South Carolina, and then migrated up to New Haven, Connecticut,

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<v Speaker 2>where he was a barber for sixty years. But dad

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<v Speaker 2>all taught me the importance of owning where you live,

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<v Speaker 2>in owning where you have your business. Got it sub state? Yeah, yeah,

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<v Speaker 2>So that's real estate. So you know the house I

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<v Speaker 2>grew up in, you know, from the time I was

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<v Speaker 2>eight to the time I still own now because I

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<v Speaker 2>inherited that house, we still own that. It's a two family.

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<v Speaker 2>There's another commercial property that he left for me that

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<v Speaker 2>he worked out of for part twenty five years or so,

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<v Speaker 2>and so you know, so that was my blueprint and

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<v Speaker 2>so what I desired to do, and then my wife

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<v Speaker 2>and I have followed suits. So since twenty sixteen, I mean,

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<v Speaker 2>we've been involved in millions of dollars of real estate transactions.

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<v Speaker 2>And so what we have done is laid out the

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<v Speaker 2>blueprint that I really got from my dad and other

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<v Speaker 2>successful people who have leveraged real estate to build wealth.

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<v Speaker 1>Okay, if we build wealth, and like you already said that,

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<v Speaker 1>you know the medium household calls in the Boston area

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<v Speaker 1>six hundred thousand dollars, right, that means that sometimes you

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<v Speaker 1>may not have the money, right, so you need to

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<v Speaker 1>team up. Talk about that team, Dexter, that's that team,

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<v Speaker 1>because you talk about it in the book. Because a

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<v Speaker 1>lot of people that's part of the fear too, like

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<v Speaker 1>you said, not being able to afford the dream. How

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<v Speaker 1>does one put that team together and moving forward so

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<v Speaker 1>it won't later on get into any arguments about you

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<v Speaker 1>owe me this, you owe me this, I did all

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<v Speaker 1>the work talk about that, Dexter.

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<v Speaker 2>Well, I will say this, there is no full proof

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<v Speaker 2>way to say things won't happen down the line, right,

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<v Speaker 2>you know, to think about marriage, you know, people all

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<v Speaker 2>we all come to the altar, you know, with the

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<v Speaker 2>right mindset of to death, du us part, and then

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<v Speaker 2>stuff happened, you know. And so I just think in

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<v Speaker 2>any time when two people come together or even sometimes

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<v Speaker 2>even more, you can't guarantee that. But I do think

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<v Speaker 2>what help happens is if you could do some vetting

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<v Speaker 2>on the front end. I found, brother Seana, people who

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<v Speaker 2>have gotten in trouble with partnerships. Is this first of all,

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<v Speaker 2>let's go back even to even some people even afraid

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<v Speaker 2>to partner because for the most part, we've been trained

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<v Speaker 2>to work independently, and particularly at our people. I'm talking

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<v Speaker 2>about black and brown folk and there's a lack of

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<v Speaker 2>trust there. But you recognize you can get more done

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<v Speaker 2>through partnerships. You know, you and I are are building

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<v Speaker 2>partnerships and talking and other people don't build a partnership

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<v Speaker 2>with Well, we can do more together, and so you

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<v Speaker 2>So you got to break through that fear of partnerships

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<v Speaker 2>even entering into it. And then when you enter into

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<v Speaker 2>a partnership, I believe the most important thing you have

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<v Speaker 2>to do partnership if you have to, you have to

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<v Speaker 2>have clarity who's doing what. So if I'm entering into

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<v Speaker 2>a real estate transaction, so maybe I don't have the time,

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<v Speaker 2>but I have the money. Well maybe I don't have

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<v Speaker 2>the money, but I got the time, or I have

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<v Speaker 2>the connections. And so I think the clearer you can

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<v Speaker 2>be with who's gonna do what in your partnership and

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<v Speaker 2>then watch this if things break down, what do we

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<v Speaker 2>do right? Because there has to be spelled out too,

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<v Speaker 2>because obviously we're going into a believe that it's going

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<v Speaker 2>to work with just like a marriage. You know you

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<v Speaker 2>you went down, I believe it you still in front

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<v Speaker 2>of somebody like me and said I do and you

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<v Speaker 2>and when I said till death do you part you

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<v Speaker 2>believed it, but then it didn't go like that way,

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<v Speaker 2>and so I think you have to you have to

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<v Speaker 2>have a contingency plan for when things don't go right,

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<v Speaker 2>and that has to be spelled out in writing.

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<v Speaker 1>Let me ask you this because I got that. You know,

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<v Speaker 1>I grew up with my parents did buy their first

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<v Speaker 1>homes or two bedroom shotgun house, and they sold that

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<v Speaker 1>and got a two bedroom house and still nine kids,

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<v Speaker 1>but we all got in there, you know. But it

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<v Speaker 1>was owned by my mom and dad who owned it

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<v Speaker 1>owned it real estate. That's why I want to keep

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<v Speaker 1>saying the word real estate because a lot of people

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<v Speaker 1>are confused about what exactly is real estate. And I

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<v Speaker 1>guess you said it from a biblical standpoint, dexterra what

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<v Speaker 1>real estate is. But but break it down to people

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<v Speaker 1>about what is real estate the vacant lot, the building

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<v Speaker 1>in the house. But I almost steal your thumb there,

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<v Speaker 1>but talk about what is real estate?

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<v Speaker 2>What you said to me real estate, I mean I

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<v Speaker 2>brought it down to the to what you've already said.

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<v Speaker 2>It's a land. Now that is land. I got to

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<v Speaker 2>decide how I'm what am I gonna put on the

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<v Speaker 2>land so it could be a like you said, a

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<v Speaker 2>two bedroom house. It could be a parking lot, it

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<v Speaker 2>could be it could be a shock, it could be

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<v Speaker 2>a bar, so anything. So I define real estate as

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<v Speaker 2>this first of all land, and then you you anything

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<v Speaker 2>that you can put on it to monetize it.

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<v Speaker 1>Right.

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<v Speaker 2>So so sometimes it's gonna be a three family house,

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<v Speaker 2>sometimes it's gonna be a six you sometimes it's gonna

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<v Speaker 2>be a commercial property that you can put a major

0:11:43.320 --> 0:11:47.080
<v Speaker 2>store in. And so anything that we can monetize, or

0:11:47.160 --> 0:11:49.880
<v Speaker 2>sometime I sometimes the land I could I can farm it,

0:11:49.960 --> 0:11:51.880
<v Speaker 2>you know. So there's just a lot of different ways

0:11:52.320 --> 0:11:52.920
<v Speaker 2>that you know.

0:11:53.280 --> 0:11:55.560
<v Speaker 1>That owning it is the key, and that's what the

0:11:55.600 --> 0:11:56.600
<v Speaker 1>basis of this book.

0:11:56.760 --> 0:11:59.319
<v Speaker 2>Owning it is the key. And then whilech there is

0:11:59.440 --> 0:12:01.600
<v Speaker 2>finding out how to monetize because I know a lot

0:12:01.640 --> 0:12:03.920
<v Speaker 2>of them, but I know a number of people who

0:12:04.000 --> 0:12:07.600
<v Speaker 2>have things but don't know how to monetize it, right, right,

0:12:07.640 --> 0:12:09.320
<v Speaker 2>And what good is it if you don't know how

0:12:09.360 --> 0:12:10.960
<v Speaker 2>to monetize it. So what I want to do is

0:12:11.000 --> 0:12:13.120
<v Speaker 2>I want to make sure brother Sean, two things happen

0:12:13.200 --> 0:12:16.240
<v Speaker 2>that when I have some land I put either I

0:12:16.320 --> 0:12:18.520
<v Speaker 2>learned how to monetize it, so it produces two things

0:12:18.520 --> 0:12:21.720
<v Speaker 2>to me, number one cash flow and number two appreciation.

0:12:22.320 --> 0:12:24.520
<v Speaker 1>Cool, Well, let's talk about that. Let's talk about some

0:12:24.559 --> 0:12:27.840
<v Speaker 1>of the common myths of mixed conceptions by real estate investing,

0:12:28.320 --> 0:12:32.440
<v Speaker 1>because I don't know what could be a misconception, you know,

0:12:32.559 --> 0:12:36.480
<v Speaker 1>But again, this is what you do, right. I'm an interviewer.

0:12:36.960 --> 0:12:42.240
<v Speaker 1>You are the subject matter expert. Please tell us what

0:12:42.360 --> 0:12:46.640
<v Speaker 1>misconceptions a myths that people run from, because I would

0:12:46.679 --> 0:12:49.600
<v Speaker 1>just tell you this. You know, we talk about faith,

0:12:50.480 --> 0:12:54.280
<v Speaker 1>we talk about fear, we talk about money. Okay, those

0:12:54.280 --> 0:12:56.920
<v Speaker 1>are three things that if they don't come together, if

0:12:56.960 --> 0:12:58.840
<v Speaker 1>you don't overcome that fear, you don't have the money.

0:12:58.880 --> 0:13:01.760
<v Speaker 1>I don't care how much faith you have. Real estate

0:13:01.840 --> 0:13:04.280
<v Speaker 1>is not going to be purchased. So when you talk

0:13:04.320 --> 0:13:07.880
<v Speaker 1>about myths that are common and misconceptions, what are some

0:13:07.920 --> 0:13:10.199
<v Speaker 1>of them when it comes to investing in real estate?

0:13:11.440 --> 0:13:14.800
<v Speaker 2>I find the biggest one is that people think think

0:13:14.840 --> 0:13:17.120
<v Speaker 2>they need a lot of money to do it. Wow,

0:13:17.600 --> 0:13:21.600
<v Speaker 2>that's the biggest one. And and there's some programs. Actually

0:13:21.640 --> 0:13:25.080
<v Speaker 2>I was talking to my godson yesterday. He lives in

0:13:25.080 --> 0:13:29.040
<v Speaker 2>the Virginia U DC area, and so he called me.

0:13:29.120 --> 0:13:32.720
<v Speaker 2>He said hey, uh, he said hey, he called me uncle, Hey, Uncle, Dexter.

0:13:32.800 --> 0:13:36.000
<v Speaker 2>You know I'm a I'm a veteran, and uh, I

0:13:36.040 --> 0:13:39.280
<v Speaker 2>got a v A loan that I haven't taken advantage of. Now,

0:13:39.360 --> 0:13:40.839
<v Speaker 2>if you don't think about a v A loan, a

0:13:40.920 --> 0:13:43.000
<v Speaker 2>V loan, a v A loan allows you to get

0:13:43.000 --> 0:13:47.360
<v Speaker 2>into a piece of property with no money down. And

0:13:47.440 --> 0:13:49.280
<v Speaker 2>he was saying a lot of people, he said, a

0:13:49.320 --> 0:13:51.320
<v Speaker 2>lot of my friends have taken advantage of the v

0:13:51.360 --> 0:13:53.080
<v Speaker 2>A loan and I'm trying to figure out how to

0:13:53.120 --> 0:13:55.079
<v Speaker 2>do it. And I said, man, there are a lot

0:13:55.120 --> 0:13:57.040
<v Speaker 2>of ways, so I'm walking through that. But my point

0:13:57.120 --> 0:13:59.880
<v Speaker 2>being is a lot of times we haven't even taken

0:13:59.880 --> 0:14:02.600
<v Speaker 2>a time to do the research and find out what

0:14:02.600 --> 0:14:04.960
<v Speaker 2>what what can I get into a property for? So

0:14:05.000 --> 0:14:07.960
<v Speaker 2>that's on the side. But then there's also FHA loans

0:14:07.960 --> 0:14:09.400
<v Speaker 2>where you could get in for it as little as

0:14:09.440 --> 0:14:12.640
<v Speaker 2>three percent down, and they are lenders who will sometimes

0:14:12.640 --> 0:14:15.079
<v Speaker 2>they will even give you the down payment. And so

0:14:15.120 --> 0:14:18.160
<v Speaker 2>the biggest thing I find is that most people think

0:14:18.200 --> 0:14:20.480
<v Speaker 2>that it takes tons of money to get involved, and

0:14:21.240 --> 0:14:24.400
<v Speaker 2>it doesn't. It just takes you thinking strategically. And then

0:14:24.440 --> 0:14:27.400
<v Speaker 2>number two, I believe, in fact, actually number one is

0:14:27.440 --> 0:14:31.680
<v Speaker 2>this It takes you believing it's possible. Right, that's one.

0:14:32.120 --> 0:14:34.720
<v Speaker 2>Then number two it becomes now you you begin this

0:14:34.800 --> 0:14:37.800
<v Speaker 2>thing strategically about Okay, how am I gonna get this done?

0:14:37.880 --> 0:14:37.920
<v Speaker 1>So?

0:14:38.080 --> 0:14:41.120
<v Speaker 2>Is it partnerships? Is it me looking at looking at

0:14:41.200 --> 0:14:43.320
<v Speaker 2>grants and things that I can get involved in? Well?

0:14:43.360 --> 0:14:48.120
<v Speaker 2>They well they will. Smaller banks, You know, a great

0:14:48.520 --> 0:14:51.960
<v Speaker 2>resource for people in their communities is tapping into community

0:14:52.000 --> 0:14:56.720
<v Speaker 2>banks because they a lot of times they keep they

0:14:56.720 --> 0:14:59.560
<v Speaker 2>have they have what they call portfolio loans, and a

0:14:59.600 --> 0:15:02.040
<v Speaker 2>portfoli all your loan simply means that what they do

0:15:02.200 --> 0:15:04.640
<v Speaker 2>is they have set asiut a certain amount of money

0:15:04.720 --> 0:15:06.600
<v Speaker 2>that they're gonna lend out and they're going to keep it.

0:15:06.600 --> 0:15:07.480
<v Speaker 2>They're not going to sell it.

0:15:07.920 --> 0:15:10.520
<v Speaker 1>Don't go anywhere. We will be right back with more

0:15:10.560 --> 0:15:17.920
<v Speaker 1>insights from Money Making Conversations master Class. Welcome back to

0:15:18.000 --> 0:15:21.840
<v Speaker 1>Money Making Conversation Master Class hosted by me Rashawn McDonald.

0:15:22.080 --> 0:15:24.200
<v Speaker 1>Let's get back into it. What you have to realize

0:15:24.200 --> 0:15:32.200
<v Speaker 1>that taxes come with the lane, taxes, insurance, maintenance, all

0:15:32.320 --> 0:15:34.640
<v Speaker 1>that is part of the game. Come on now, come

0:15:34.680 --> 0:15:38.000
<v Speaker 1>on now, and it's called balancing. You know, we don't

0:15:38.040 --> 0:15:40.120
<v Speaker 1>want to just have people run out there thinking that

0:15:40.320 --> 0:15:43.360
<v Speaker 1>all about this, I'm about this, by this gotta be insured.

0:15:43.720 --> 0:15:45.280
<v Speaker 1>You know, if you don't take care of the property,

0:15:45.440 --> 0:15:49.640
<v Speaker 1>then guess what the neighborhood association might be coming after you? Say,

0:15:50.080 --> 0:15:52.920
<v Speaker 1>may be coming after you. Okay, how does one take

0:15:53.000 --> 0:15:55.760
<v Speaker 1>that property? Especially, let's look at it if it's a

0:15:55.800 --> 0:15:58.680
<v Speaker 1>real estate purchase of a home and turn that into

0:15:58.960 --> 0:16:02.080
<v Speaker 1>an investment, maybe be a rental home property or buying

0:16:02.120 --> 0:16:03.840
<v Speaker 1>up the block. Let's talk about it a little bit

0:16:03.840 --> 0:16:06.040
<v Speaker 1>about that, because that's how a lot of people, especially

0:16:06.080 --> 0:16:09.280
<v Speaker 1>the African American of people of color, are rising up

0:16:09.720 --> 0:16:14.600
<v Speaker 1>in the economic ladder because they are making purchases of homes,

0:16:15.160 --> 0:16:20.480
<v Speaker 1>flipping them or renovating them and turning them into monthly fees.

0:16:20.520 --> 0:16:21.800
<v Speaker 1>They create income for them.

0:16:22.200 --> 0:16:25.160
<v Speaker 2>Yeah yeah, but but I think that and that's I mean,

0:16:25.160 --> 0:16:27.360
<v Speaker 2>there are a number of different strategies. So some people

0:16:27.400 --> 0:16:29.760
<v Speaker 2>do what you said. You know, I flipped a number

0:16:29.800 --> 0:16:31.800
<v Speaker 2>of houses my wife and that that was out and

0:16:32.120 --> 0:16:33.720
<v Speaker 2>we still do. That was one of my main strategies

0:16:33.720 --> 0:16:37.120
<v Speaker 2>getting started. So we do have buyed whole properties where

0:16:37.520 --> 0:16:40.720
<v Speaker 2>you know, we went and actually bought a property, two

0:16:40.840 --> 0:16:43.480
<v Speaker 2>or three of them actually and you know, fix them

0:16:43.520 --> 0:16:45.040
<v Speaker 2>up and then now we have rent off and so

0:16:45.480 --> 0:16:47.880
<v Speaker 2>it really when I'm talking people about investing, you have

0:16:48.000 --> 0:16:52.000
<v Speaker 2>to decide what you really want real estate investing to

0:16:52.040 --> 0:16:55.200
<v Speaker 2>produce for you. That's number one. Number two, you got

0:16:55.200 --> 0:17:00.720
<v Speaker 2>to decide do you want to and be an active

0:17:00.760 --> 0:17:04.120
<v Speaker 2>investor or a passive investor? Now what's an active investor?

0:17:04.160 --> 0:17:06.560
<v Speaker 2>And an active investor someone who like myself, who goes

0:17:06.560 --> 0:17:09.280
<v Speaker 2>out and flips buys and holes and all that. A

0:17:09.400 --> 0:17:11.600
<v Speaker 2>passive investor someone who, look, I ain't got time for

0:17:11.600 --> 0:17:15.719
<v Speaker 2>all that. They'll have time or the desire to do

0:17:16.400 --> 0:17:18.600
<v Speaker 2>and so, but they have cash. And so what they'll

0:17:18.640 --> 0:17:21.120
<v Speaker 2>do is they'll they'll they'll put money in someone's hands

0:17:21.840 --> 0:17:24.400
<v Speaker 2>to go ahead and be an investor. And actually that's

0:17:24.400 --> 0:17:27.040
<v Speaker 2>a phenomenal way for people who don't have a lot

0:17:27.080 --> 0:17:29.920
<v Speaker 2>of time who listen to us, Hey, look I want

0:17:29.920 --> 0:17:32.119
<v Speaker 2>to get involved in real estate, but I don't have

0:17:32.200 --> 0:17:33.920
<v Speaker 2>a lot of time. Maybe you know, they got maybe

0:17:33.920 --> 0:17:36.359
<v Speaker 2>they are a high income earner doing whatever they do.

0:17:36.400 --> 0:17:38.479
<v Speaker 2>Maybe they got family and obligations, maybe they're taking care

0:17:38.520 --> 0:17:40.040
<v Speaker 2>of a parent or whatever. They don't have a lot

0:17:40.080 --> 0:17:42.439
<v Speaker 2>of time in their hands, but they do have cash.

0:17:42.560 --> 0:17:44.280
<v Speaker 2>And so what you can do is you can deploy

0:17:44.320 --> 0:17:48.000
<v Speaker 2>your money in the real estate while you're doing those

0:17:48.040 --> 0:17:51.520
<v Speaker 2>other things. Got it. So number one, I got to

0:17:51.520 --> 0:17:54.440
<v Speaker 2>decide what real estate want, what I want real estate

0:17:54.480 --> 0:17:56.119
<v Speaker 2>to produce me to do. Number two, I want to,

0:17:56.880 --> 0:17:59.040
<v Speaker 2>you know, decide what I want to be active and passive.

0:17:59.040 --> 0:18:00.520
<v Speaker 2>And then number three what I got to do is

0:18:00.560 --> 0:18:02.879
<v Speaker 2>I gotta decide what strategy I'm am I gonna be

0:18:02.920 --> 0:18:04.920
<v Speaker 2>one who fixing flips, Am I gonna buy it hole?

0:18:05.480 --> 0:18:07.679
<v Speaker 2>Or I'm gonna help other people do it, you know.

0:18:07.720 --> 0:18:11.080
<v Speaker 2>So it really just depends on what where you are.

0:18:11.119 --> 0:18:13.520
<v Speaker 2>So there is no one set way of doing it.

0:18:13.920 --> 0:18:15.720
<v Speaker 2>And this is what I believe. Sometimes you have to

0:18:16.040 --> 0:18:18.440
<v Speaker 2>go one strategy and find out, you know what, I

0:18:18.440 --> 0:18:23.520
<v Speaker 2>don't like this, you know, I don't like this, so

0:18:23.640 --> 0:18:25.760
<v Speaker 2>I'm gonna try this, you know. And so that's that's

0:18:25.760 --> 0:18:26.800
<v Speaker 2>what I advise people to do.

0:18:27.080 --> 0:18:29.040
<v Speaker 1>You know, when I was reading the book your book,

0:18:29.119 --> 0:18:32.600
<v Speaker 1>which is newly published, the Real Estate Wealth Creative Blueprint,

0:18:32.800 --> 0:18:36.560
<v Speaker 1>financial literature kept popping up, popping up, you know, because

0:18:36.600 --> 0:18:40.640
<v Speaker 1>in the sense that that's important. I'm just telling everybody,

0:18:40.800 --> 0:18:43.600
<v Speaker 1>we all want you to be wealthy, we all want

0:18:43.680 --> 0:18:45.919
<v Speaker 1>you to buy real estate, but we don't want you

0:18:46.000 --> 0:18:48.200
<v Speaker 1>to make a mistake. We don't want you to miss

0:18:48.200 --> 0:18:52.160
<v Speaker 1>steps like you said Rishan, I said taxes. You reminded

0:18:52.160 --> 0:18:55.600
<v Speaker 1>me about insurance. You know, I tay an insurance. You

0:18:55.680 --> 0:18:59.800
<v Speaker 1>reminded me about property might yes, okay, So it keeps

0:19:00.240 --> 0:19:03.760
<v Speaker 1>moving along. Before we get to financial literacy, the word

0:19:03.920 --> 0:19:10.119
<v Speaker 1>mentorship are mentoring pops up because again, I'm a pretty

0:19:10.160 --> 0:19:14.080
<v Speaker 1>smart dude. I've been very successful, but even in this interview,

0:19:14.280 --> 0:19:18.399
<v Speaker 1>I forgot some things. Okay, how important is mentorship? And

0:19:18.440 --> 0:19:22.240
<v Speaker 1>you talk about it in your book in the blueprint.

0:19:21.920 --> 0:19:27.560
<v Speaker 2>Right, it's it's priceless, meaning everything in every everything you've accomplised,

0:19:27.600 --> 0:19:32.720
<v Speaker 2>everything I've accomplished has been because I've had mentors. What

0:19:32.720 --> 0:19:35.160
<v Speaker 2>I'm saying so so so, whether it's an official mentor

0:19:35.240 --> 0:19:37.800
<v Speaker 2>so sometimes it's a book. So it doesn't necessarily mean

0:19:38.240 --> 0:19:40.320
<v Speaker 2>I even know you personally. I may have never met you,

0:19:40.359 --> 0:19:44.840
<v Speaker 2>but I've read your book. I'm entering into a mentoring relationship,

0:19:45.160 --> 0:19:47.760
<v Speaker 2>meaning there's an exchange of information that helps me to

0:19:47.840 --> 0:19:51.800
<v Speaker 2>grow correct. So, but but I mean I've I've had

0:19:51.840 --> 0:19:54.720
<v Speaker 2>paid mentors, I've had unofficial mentors. You know you and

0:19:54.760 --> 0:19:56.520
<v Speaker 2>I have debilt relationship. I mean so you're certain other

0:19:56.520 --> 0:19:58.879
<v Speaker 2>mentor in respects to me and in this media stuff,

0:19:59.280 --> 0:20:03.480
<v Speaker 2>you know. And so it's just in anything in life.

0:20:03.600 --> 0:20:05.960
<v Speaker 2>I mean, I'm my background the brother Sean is that

0:20:06.040 --> 0:20:08.440
<v Speaker 2>of an athlete. See I look at mentoring and it's

0:20:08.440 --> 0:20:11.960
<v Speaker 2>like coaching. I was a basketball player, so every so

0:20:12.000 --> 0:20:14.240
<v Speaker 2>every team I played on, there was, say what a coach,

0:20:14.480 --> 0:20:17.680
<v Speaker 2>And so the coach was the one who was instructing

0:20:17.880 --> 0:20:20.439
<v Speaker 2>us and teaching us on how to do what we

0:20:20.520 --> 0:20:23.000
<v Speaker 2>need to do in order to reach whatever goal we

0:20:23.040 --> 0:20:26.640
<v Speaker 2>need to reach. So and this money making real estate thing,

0:20:28.240 --> 0:20:30.520
<v Speaker 2>the reason why I talk so much about financial literacy

0:20:30.640 --> 0:20:33.639
<v Speaker 2>is because if you make it, the goal is to

0:20:33.760 --> 0:20:38.760
<v Speaker 2>keep it right. It ain't just see cause really what

0:20:38.760 --> 0:20:40.760
<v Speaker 2>what what we want to do is we want to

0:20:40.800 --> 0:20:43.760
<v Speaker 2>earn it. We want to keep it. Watch this, we

0:20:43.800 --> 0:20:47.159
<v Speaker 2>want to pass it on because we want this multi

0:20:47.240 --> 0:20:50.440
<v Speaker 2>generational wealthing. You know. So why why should every generation

0:20:50.640 --> 0:20:52.800
<v Speaker 2>have to have to start over? I don't think that's

0:20:52.800 --> 0:20:55.520
<v Speaker 2>the case. Well, if we teach people how to become

0:20:55.560 --> 0:20:59.160
<v Speaker 2>financially literate, you know, it allows them to be able

0:20:59.160 --> 0:21:01.880
<v Speaker 2>to not not to enjoy it for themselves. But how

0:21:01.960 --> 0:21:04.200
<v Speaker 2>can we enjoy this thing? Two and three and four

0:21:04.240 --> 0:21:07.320
<v Speaker 2>or five generations down line, so many many many many

0:21:07.359 --> 0:21:09.000
<v Speaker 2>years from now, when you and I are not here,

0:21:09.040 --> 0:21:11.919
<v Speaker 2>our great great grandchildren are benefiting off of something that

0:21:11.960 --> 0:21:12.320
<v Speaker 2>we did.

0:21:12.680 --> 0:21:15.159
<v Speaker 1>Okay, well, now we've had a great conversation. You know.

0:21:15.200 --> 0:21:17.680
<v Speaker 1>We we're promoting your book, and the book is to

0:21:18.040 --> 0:21:22.840
<v Speaker 1>create a blueprint and it's about real estate. Now, young people,

0:21:22.880 --> 0:21:24.800
<v Speaker 1>old people, I'm gonna tell you something. If you're fifty,

0:21:25.200 --> 0:21:28.040
<v Speaker 1>please listen to this conversation. If you're sixty, please listen

0:21:28.080 --> 0:21:30.880
<v Speaker 1>this conversation. If you seventy, please listen this conversation. We're

0:21:30.920 --> 0:21:33.560
<v Speaker 1>talking to YouTube. We're not just talking to twenty year

0:21:33.600 --> 0:21:37.119
<v Speaker 1>old and thirty old and forty old people. The opportunity

0:21:37.480 --> 0:21:42.200
<v Speaker 1>to still build your wealth and also create a foundation

0:21:42.280 --> 0:21:46.919
<v Speaker 1>that you can pass to your relatives, pass to your

0:21:47.480 --> 0:21:50.960
<v Speaker 1>your peer group. It's important that you understand that there's

0:21:51.000 --> 0:21:54.760
<v Speaker 1>never too late to get into real estate game. But but, but,

0:21:54.760 --> 0:21:57.160
<v Speaker 1>but there's always a butt in this conversation, you can

0:21:57.320 --> 0:22:02.280
<v Speaker 1>be overwhelmed getting into the real estate game. And you

0:22:02.320 --> 0:22:04.320
<v Speaker 1>talk about that in your book, and I think that's

0:22:04.440 --> 0:22:08.760
<v Speaker 1>very important, is to how do you get in Dexter

0:22:09.400 --> 0:22:10.840
<v Speaker 1>and not be overwhelmed.

0:22:11.720 --> 0:22:15.240
<v Speaker 2>Well, it starts with education. You know when I'm not

0:22:15.520 --> 0:22:18.800
<v Speaker 2>for me because I've grown up around. My dad was

0:22:18.840 --> 0:22:20.760
<v Speaker 2>my first mentor. I wouldn't have called him that, but

0:22:20.880 --> 0:22:25.080
<v Speaker 2>just looking at his life, he was. And then I

0:22:25.119 --> 0:22:27.200
<v Speaker 2>started searching the other mantons. And one of the things

0:22:27.240 --> 0:22:30.560
<v Speaker 2>I talked about in the book is there's something called READS,

0:22:30.600 --> 0:22:33.760
<v Speaker 2>which stands for real estate or social safely right now

0:22:33.760 --> 0:22:35.920
<v Speaker 2>but our ei A. You can look it up in

0:22:35.960 --> 0:22:38.800
<v Speaker 2>your in your local area. There are tons of them,

0:22:38.840 --> 0:22:40.840
<v Speaker 2>and you know their local meetings that you could go

0:22:40.920 --> 0:22:43.920
<v Speaker 2>to for Some have feeds, some don't, and you can

0:22:43.960 --> 0:22:46.440
<v Speaker 2>just go and start sitting in and getting the education.

0:22:46.920 --> 0:22:50.840
<v Speaker 2>But you know, so it starts with that process and

0:22:50.880 --> 0:22:55.280
<v Speaker 2>then get around some people who are doing that. You know.

0:22:56.440 --> 0:22:58.320
<v Speaker 2>This is what I found, and this is one of

0:22:58.359 --> 0:23:00.560
<v Speaker 2>the things one of the mistakes I think people don't mate.

0:23:02.080 --> 0:23:04.760
<v Speaker 2>Go find somebody who's doing what you're doing and offer

0:23:04.840 --> 0:23:07.320
<v Speaker 2>to serve them. Say look, hey, I want to learn

0:23:07.320 --> 0:23:09.639
<v Speaker 2>this real estate game. I know how to do X,

0:23:09.760 --> 0:23:12.800
<v Speaker 2>Y and Z. Hey look I'll drive you around if

0:23:12.840 --> 0:23:15.159
<v Speaker 2>you need if need be, but I just need to

0:23:15.200 --> 0:23:18.280
<v Speaker 2>be around so I can get a sense of how

0:23:18.320 --> 0:23:20.840
<v Speaker 2>this thing works. And then once people get around it

0:23:20.960 --> 0:23:23.240
<v Speaker 2>you know. I just think after a point in time,

0:23:23.320 --> 0:23:25.880
<v Speaker 2>you will. In the book, one thing I talk about

0:23:25.920 --> 0:23:29.080
<v Speaker 2>this thing called courage. I talk about courage being something

0:23:29.080 --> 0:23:32.280
<v Speaker 2>that's cultivated and courages something that can be passed down.

0:23:32.640 --> 0:23:35.400
<v Speaker 2>So you hang around courageous people. It rubs off on you.

0:23:36.440 --> 0:23:39.879
<v Speaker 1>Wow. As we close out the interview, Dexter, you focus

0:23:39.960 --> 0:23:43.480
<v Speaker 1>on creating general generational wealth. That's words, it's passed around

0:23:43.520 --> 0:23:47.680
<v Speaker 1>the word generational wealth. And you can't get that work

0:23:47.680 --> 0:23:51.639
<v Speaker 1>in afford They all week job No, but you can't

0:23:51.680 --> 0:23:55.200
<v Speaker 1>get it by what you are talking about in your book.

0:23:55.960 --> 0:23:59.840
<v Speaker 1>Tell us how families can gain generational wealth. It is

0:24:00.040 --> 0:24:02.919
<v Speaker 1>real estate. Would follow your advice. That's why I have

0:24:02.960 --> 0:24:05.560
<v Speaker 1>you on the shelf. Yeah, talk to us.

0:24:05.880 --> 0:24:09.280
<v Speaker 2>Well, I think, first of all, let's look at generational

0:24:09.320 --> 0:24:12.520
<v Speaker 2>well being more than just money. It's a lot of things.

0:24:12.600 --> 0:24:16.000
<v Speaker 2>Now we're talking money because this is the topic. But

0:24:16.119 --> 0:24:20.440
<v Speaker 2>I think the a wealthy mindset is something that needs

0:24:20.480 --> 0:24:22.960
<v Speaker 2>to be passed down. First of all, that's the first

0:24:23.040 --> 0:24:25.640
<v Speaker 2>thing meaning that my dad passed that out of recognized,

0:24:25.680 --> 0:24:28.720
<v Speaker 2>but he passed that down to me. I inherited that

0:24:28.720 --> 0:24:31.560
<v Speaker 2>that was generational, but he got that from his father,

0:24:31.720 --> 0:24:34.200
<v Speaker 2>you know, So I think the mindset first of all,

0:24:34.440 --> 0:24:36.880
<v Speaker 2>and then as the mindsets passed down, then you begin

0:24:37.000 --> 0:24:41.040
<v Speaker 2>brother Sean to find out the different avenues are doing it,

0:24:41.040 --> 0:24:43.000
<v Speaker 2>because real estate is not the only avenue that are

0:24:43.000 --> 0:24:44.919
<v Speaker 2>doing that. Some people don't do no real estate, but

0:24:44.960 --> 0:24:47.240
<v Speaker 2>they have a business or some people have stocks. So

0:24:47.480 --> 0:24:50.760
<v Speaker 2>it doesn't matter the asset class. You just need one,

0:24:50.880 --> 0:24:53.399
<v Speaker 2>and you need one that will allow you to create

0:24:53.400 --> 0:24:55.159
<v Speaker 2>this thing call leverage. And talk a lot about my

0:24:55.200 --> 0:24:57.920
<v Speaker 2>book about the power of the importance of having the leverage,

0:24:58.080 --> 0:25:00.119
<v Speaker 2>because what leverage does. It allows you to make make

0:25:00.200 --> 0:25:03.160
<v Speaker 2>more money with less effort, and so more so, it's

0:25:03.200 --> 0:25:07.760
<v Speaker 2>the mindset. It's the having the people come together to

0:25:07.880 --> 0:25:11.959
<v Speaker 2>work together to get something done and then now we

0:25:12.000 --> 0:25:14.800
<v Speaker 2>can we can pass it on to the next generation.

0:25:15.240 --> 0:25:17.480
<v Speaker 2>Now watch this because I heard mister Jake said TV.

0:25:17.560 --> 0:25:21.359
<v Speaker 2>Jake said this years ago. He said, it's not only

0:25:21.440 --> 0:25:24.119
<v Speaker 2>important what you leave to them, it's also what you

0:25:24.200 --> 0:25:29.719
<v Speaker 2>leave in them. So I don't want to leave my

0:25:29.840 --> 0:25:31.760
<v Speaker 2>son and my grandson a whole bunch of money and

0:25:31.800 --> 0:25:33.639
<v Speaker 2>they can go there and kill themselves because I haven't

0:25:33.640 --> 0:25:37.360
<v Speaker 2>put the right morals in there and the right beliefs

0:25:37.400 --> 0:25:39.640
<v Speaker 2>in them. You know, what I mean, because I am

0:25:39.640 --> 0:25:41.760
<v Speaker 2>a pastor, I'm a utu the scripture, he says in

0:25:42.119 --> 0:25:46.520
<v Speaker 2>Proverbs chapter wanted to talk about prosperity ruins the food, right,

0:25:46.600 --> 0:25:49.960
<v Speaker 2>So if somebody's foolish, their money would kill them, you know,

0:25:50.119 --> 0:25:52.920
<v Speaker 2>And so it has to be a mixture of the

0:25:53.000 --> 0:25:56.159
<v Speaker 2>right the materials. But then I also recognize that, hey man,

0:25:56.200 --> 0:25:58.000
<v Speaker 2>there's some things there, some ways I got to teach

0:25:58.040 --> 0:26:02.120
<v Speaker 2>you how to live so that this money don't kill you.

0:26:02.160 --> 0:26:07.399
<v Speaker 1>Wow. As always, your book is fascinating from a standpoint

0:26:07.400 --> 0:26:11.159
<v Speaker 1>of we drive around communities. We see open lots, we

0:26:11.200 --> 0:26:14.119
<v Speaker 1>see rundown houses, we see houses that we may feel

0:26:14.119 --> 0:26:17.119
<v Speaker 1>we can never afford, but they all are real estate.

0:26:17.800 --> 0:26:20.359
<v Speaker 1>And that's what this conversation from a Jump is about.

0:26:20.440 --> 0:26:24.120
<v Speaker 1>Opening your eyes to financial gains that you are passing

0:26:24.160 --> 0:26:27.879
<v Speaker 1>by every day. Get with your friends, get with your families,

0:26:28.160 --> 0:26:31.359
<v Speaker 1>pool money and you can get into the game. And

0:26:31.440 --> 0:26:34.919
<v Speaker 1>it's not a game that you can technically start by yourself.

0:26:35.280 --> 0:26:37.720
<v Speaker 1>So to get that out your mind, you may need

0:26:37.800 --> 0:26:41.359
<v Speaker 1>help and help us through like you said, vetting people,

0:26:42.160 --> 0:26:45.720
<v Speaker 1>everybody understanding, writing down in a contract, none of the

0:26:45.800 --> 0:26:50.320
<v Speaker 1>handshake stuff. I'm talking about money, Get it right, and

0:26:50.440 --> 0:26:53.160
<v Speaker 1>you can start winning in the game of real estate

0:26:53.200 --> 0:26:56.080
<v Speaker 1>and in his book The Real Estate Wealth Creative Blueprint.

0:26:56.359 --> 0:26:59.440
<v Speaker 1>That's to be Jenkins. As usual, you give my show

0:27:00.119 --> 0:27:03.480
<v Speaker 1>ability Money Making Conversations master Class. Thank you for always

0:27:03.480 --> 0:27:06.080
<v Speaker 1>coming on my show, Dexter, Thank you for having me, sir,

0:27:06.400 --> 0:27:08.960
<v Speaker 1>Thank you for listening to this episode. Now I need

0:27:09.000 --> 0:27:11.560
<v Speaker 1>for you to do me a favor right now to

0:27:11.680 --> 0:27:15.639
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0:27:15.720 --> 0:27:20.159
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0:27:24.160 --> 0:27:28.240
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