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Speaker 2: No Yah for Miami.

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Speaker 3: Oh, let me let the team, Let me let the team.

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Speaker 3: I let the team.

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Speaker 2: All right, the team coming in.

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Speaker 4: Okay, I see, I feel comfortable now.

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Speaker 2: The team is in. What's up? What's up? What's up?

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Speaker 5: Y'all?

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Speaker 2: Let me just put the bad signal out to let

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Speaker 2: everybody know what's going on. Uh, we're gonna get into

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Speaker 2: this right now. First and foremost, hope everybody's doing well

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Speaker 2: out there. Uh we are in beautiful Miami. Anytime you

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Speaker 2: get a chance to come to Miami, it's a good time.

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Speaker 2: So where county it's a block, it's a vibe every

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Speaker 2: time we come out here.

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Speaker 4: Sure, shout out to the good brother Mike Rashid. So

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Speaker 4: my boy, they said I was duck at the smoke

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Speaker 4: on the pull ups. My ball game ain't thirty. I'm

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Speaker 4: gonna get there. But that's why you feel. Fitness is

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Speaker 4: on the way. So we can go together. I need

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Speaker 4: some people to go with me.

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Speaker 2: Let's get the guys in here. Yeah. Yeah, shout out

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Speaker 2: to MG the mortgage guy, and congratulations on the on

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Speaker 2: the blueprint too. I'll see you.

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Speaker 5: I'm I'm trying to get you in to plans.

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Speaker 2: Peace.

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Speaker 4: Peace to see somebody said what up from Crenshaw, What up?

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Speaker 3: What up?

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Speaker 2: What up? Yah? Yeah. So we're gonna get into this,

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Speaker 2: but first we'll let's well give you the rundown of

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Speaker 2: what happened today in Miami. We had an open workout

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Speaker 2: and it was a really, really dope experience. You know,

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Speaker 2: we've been traveling around the country and we've been having

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Speaker 2: these networking events in different places. We had a networking

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Speaker 2: event in l A. We had a networking event in Atlanta.

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Speaker 2: And usually, you know, they kind of follow the same

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Speaker 2: blueprint where you know, we pick a lounge, restaurant, bar

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Speaker 2: type situation and you know, we do it at nighttime

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Speaker 2: and everybody mingles. You know, we bring people in, we know,

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Speaker 2: we have some drinks. But today we wanted to do

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Speaker 2: a little something different, so we did a more healthy situation.

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Speaker 2: We did an open workout, but we did it in

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Speaker 2: a gym. Shout out to Boxing Studio for hosting us,

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Speaker 2: and we spoke for about an hour, answered questions to

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Speaker 2: anybody that had questions for us in Mike Roshi Mike

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Speaker 2: Rasche's the biggest when it comes to fitness and a

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Speaker 2: really great entrepreneur. And then at the end we did

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Speaker 2: a workout and they put everybody through a workout, boxing, workout, cardio, calisthetics.

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Speaker 2: It was really really dope. So you know, we put

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Speaker 2: some footage up, but we're gonna have more footage up

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Speaker 2: in a few days. So that was a really dope

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Speaker 2: experience for us to come to Miami and be able

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Speaker 2: to do our first event in Miami and do it

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Speaker 2: totally different than anything that we've ever done. So shout

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Speaker 2: out to everybody that came to that. Shout to E

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Speaker 2: y O Fitness. We're gonna be rolling out a lot

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Speaker 2: of stuff related to E YO Fitness coming soon. Ye.

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Speaker 2: Shout out to Michael She shout out to boxing Studios and.

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Speaker 4: Or shout out to all the earners that pulled up.

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Speaker 4: There's a lot of people coming in from New York,

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Speaker 4: a lot of teachers. What it was, it was a

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Speaker 4: beautiful experience.

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Speaker 2: Man.

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Speaker 4: I was inspired by seeing all the love that was

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Speaker 4: showed out there today. And I got my my left

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Speaker 4: jat my left jet phone on.

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Speaker 2: The on the right. You got you got it right

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Speaker 2: on the phone the phone. Wow, if you know, you know, man,

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Speaker 2: you know what I'm saying. Man, don't play around. This

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Speaker 2: is the case. That's a fact. Matt you muted. Hold on,

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Speaker 2: I got you, bro, I got you. Give me some

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Speaker 2: we muted or team mutant. Yeah, y'all have me. Yeah,

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Speaker 2: we got you now. It was good.

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Speaker 6: Yeah. Shout out. Shout out to E y L Fitness

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Speaker 6: and Full Swing today. Shout out to Mike rash Man.

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Speaker 6: He looked like he was working out out shout. It

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Speaker 6: was on that pull up bar. It was looking, it

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Speaker 6: was looking. It was looking tough for you. I don't

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Speaker 6: know what around that was, bro, But you know, let

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Speaker 6: me stop though, because you know I would have been

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Speaker 6: struggling too.

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Speaker 2: We got we got it.

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Speaker 7: That's a important part. Were here to talk about it.

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Speaker 7: We got through it. But okay, we're gonna without further ado.

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Speaker 7: This is a big class for us, so we have

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Speaker 7: three we have this might be the first.

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Speaker 2: Time we've had multiple teachers for one class. Yeah, definitely.

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Speaker 2: Of course, you guys know if MG the mortgage guy,

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Speaker 2: he's been with us forever and the online authority when

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Speaker 2: it comes to mortgages. So he just dropped the Home

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Speaker 2: Buyers Volume two, and we thought it'd be good to

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Speaker 2: talk about the home buying process because we really haven't

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Speaker 2: had an in depth conversation in a while. So, but

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Speaker 2: he was saying like, instead of him just doing it,

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Speaker 2: it should be more of a workshop where we actually

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Speaker 2: talk about a few different key components to the home

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Speaker 2: buying process. So we brought experts in the field, Jose

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Speaker 2: and Roguez, good friend of E. I. L. I professor

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Speaker 2: and ey L alumni, better known as a credit dude.

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Speaker 2: So Jose is the person that you know gets the

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Speaker 2: credit right, everything you need to know about credit. He

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Speaker 2: does business credit as well, but personal credit. And that's

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Speaker 2: one of the key components obviously to buying a home

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Speaker 2: is that you know, it stops a lot of people

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Speaker 2: are stopped from buying homes because they don't have their

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Speaker 2: credit right. So Jose's going to talk about credit. Of course,

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Speaker 2: MG is going to talk about, you know, financing from

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Speaker 2: a traditional standpoint and other maybe less traditional standpoints. And

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Speaker 2: then we got Kevin Orlando. Shout out to Kevin. Kevin

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Speaker 2: also taught a class at Eyo University, and Kevin, what's

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Speaker 2: going on on? Thank you for joining us Trouble Pleasure.

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Speaker 2: Kevin does hard money loans. So if you watch the

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Speaker 2: episode with Lord of the Slums, Fernando shouts and ask

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Speaker 2: if you watch, you know, obviously Caesar and Envy and

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Speaker 2: a bunch of other people, you know, they use the

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Speaker 2: term hard money lending and hard money loans. So people

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Speaker 2: might have hurt her hard money, but they might not

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Speaker 2: totally be familiar. So that's another the way to actually

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Speaker 2: get financing for real estate outside of a traditional bank loan,

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Speaker 2: and it's a lot less restrictive and it has a

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Speaker 2: lot of benefits as far as you know, for investors.

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Speaker 2: So Orlando, Kevin Orlando is going to talk about hard

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Speaker 2: money loans and then we're gonna open it up to questions.

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Speaker 2: So we got mortgages, we got credit, and we got

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Speaker 2: hard money. Ah, mortgage board of Sources.

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Speaker 4: We don't call it that the mortgage trinity, Trinity, the

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Speaker 4: real estate Trinity.

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Speaker 2: Yeah.

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Speaker 6: I like that.

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Speaker 2: I like, hey, man, we can trademark that right not

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Speaker 2: before before we get started. Man, I just want to

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Speaker 2: give you credit.

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Speaker 4: Ernerd walked up to me and said, today, because of

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Speaker 4: your episode, they actually got their first property.

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Speaker 2: Out here in Fort Lauderdale.

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Speaker 4: So shout out to you and shout out to I

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Speaker 4: forget the young lady's name, but she wanted me to

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Speaker 4: give you that message.

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Speaker 6: I said, I'm gonna see him to night. I'll spread

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Speaker 6: that love to him. That's dope. I love that man.

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Speaker 6: And you know, yo' it's all crazy when I hear

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Speaker 6: stuff like that, and it's just like I don't even

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Speaker 6: know who this person is, Like you know what I'm

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Speaker 6: saying saying, Like something that I thought was the worst

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Speaker 6: interview of all time at the time, Like, why the

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Speaker 6: hell you even put that up? I remember calling you'll

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Speaker 6: right after we did it, like, now you don't put

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Speaker 6: that out, bro, that was terrible. And just to see

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Speaker 6: how many people has impacted over the past, what was

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Speaker 6: it two years now since we had that out? Two years?

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Speaker 6: So like it's dope, man, So shout out to her,

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Speaker 6: and shout out to everybody who executed because of the

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Speaker 6: content that I've put out over the last couple of years. Dope,

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Speaker 6: I love it.

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Speaker 2: I appreciate you. So we're gonna we're gonna jump right

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Speaker 2: into it. But first I'll let everybody know. If you're

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Speaker 2: not familiar, you might have seen a hashtag Eyo University

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Speaker 2: and almost every post that we put up and about universal.

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Speaker 2: What you might not know what EO University is. So

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Speaker 2: what we do here on YouTube at the last Wednesday

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Speaker 2: of every month at eight o'clock Eastern Standard time is

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Speaker 2: we have what's called open enrollment. So Eyo University is

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Speaker 2: our private school educational platform that we started. So we

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Speaker 2: have obviously public school, we like to say, which is

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Speaker 2: the podcast, YouTube, Instagram, All that's free, more free information

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Speaker 2: than I've ever seen online, if humbly speaking. But then

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Speaker 2: we have a private school situation where this is a

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Speaker 2: more you know, community type feel more in depth and

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Speaker 2: for people that you know, really want that you know,

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Speaker 2: in person experience without actually being in person. So what

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Speaker 2: that includes is weekly webinars. So every single week at

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Speaker 2: Wednesday at eight o'clock, we do a class. So the

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Speaker 2: last one, most of them, they're always private, but the

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Speaker 2: last one of the month we put public on YouTube

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Speaker 2: AI to provide information but also to give people an

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Speaker 2: inside look at what eyl University is. You know, we

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Speaker 2: never had anything, so this is our way to kind of,

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Speaker 2: like I said, it's an open house. So I'll quickly

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Speaker 2: explain what Eyol University is and the benefits of it.

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Speaker 2: So Eyo University includes the Home Boys Blueprint Volume one

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Speaker 2: by MG the Mortgage Guy, which is the encyclopedia to

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Speaker 2: the home buying process. It includes one hundred pass webinars

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Speaker 2: because once the webinars are done the same so it

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Speaker 2: includes one hundred pass webinars on all different topics from

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Speaker 2: real estate to stocks, to credit, you name it. Weekly classes.

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Speaker 2: So every single week at on Wednesday, we do weekly classes.

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Speaker 2: MG the mortgage guy also teaches real estate classes on

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Speaker 2: an ongoing basis. I do monthly financial planning calls where

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Speaker 2: we go over financial planning topics and ask questions, answer

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Speaker 2: questions for two hours. This is my favorite part of

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Speaker 2: ELI University Infinity groups. So we finish we duplicated the

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Speaker 2: whole university model where we have infinity groups twenty Infinity

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Speaker 2: groups inside of EU University, where the people, the earners,

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Speaker 2: actually are leading the group and they're building a community

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Speaker 2: and they're actually learning and building and having meetings with

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Speaker 2: each other. So we have the real Estate group, we

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Speaker 2: have the stock group, we have the fifty and over Club,

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Speaker 2: we have the Military Club. So many different clubs. I

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Speaker 2: don't want to miss anyone, but the most one that's

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Speaker 2: getting the most action right now is our Crypto Club.

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Speaker 2: Shout out to Alistair. The Crypto Club is on fire.

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Speaker 2: They have a five hundred people in every single call

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Speaker 2: and they break down. It's not like saying like by

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Speaker 2: this crypto, it's actually explaining crypto from a very easy

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Speaker 2: to understand standpoint. And they just talked about like how

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Speaker 2: real estate you can really do real estate crypto. They

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Speaker 2: talk about it's everything they break that down, and so

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Speaker 2: the crypto club is crazy. It's a full educational cryptocurrency.

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Speaker 2: We have a Facebook group of eighty five hundred people.

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Speaker 2: The first club our book club shot everybody. I mention that,

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Speaker 2: so with the book club, not Infinity. So then we

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Speaker 2: have part of the Facebook group is we have a

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Speaker 2: book club led by Troy. We have a movie club.

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Speaker 2: So I mean, I can keep going on and on,

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Speaker 2: but long story.

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Speaker 6: Short, don't but don't miss the military man because it's

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Speaker 6: Memorial Day.

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Speaker 2: Week, said the Military Club. Legal club. Yeahgal, so it's crazy.

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Speaker 2: So if you're interested, we're running at his sale for

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Speaker 2: that sixty percent off of the annual membership. We penned

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Speaker 2: it on the YouTube comment Eyo university dot com. So

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Speaker 2: if you're interested, you can check that out and become earner.

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Speaker 2: We love to have you. So, all right, without further ado,

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Speaker 2: let's get into this. So we're gonna give each gentleman

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Speaker 2: around ten minutes to speak and then, as I said,

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Speaker 2: we're gonna open it up the question and answers. So

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Speaker 2: who wants to kick this off?

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Speaker 6: Let's go with credit first, Credit dude. Credit dude is

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Speaker 6: always setting it off.

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Speaker 8: Let's say I'm ready, let's do it.

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Speaker 2: Yeah, I gave you our co host previously, so you

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Speaker 2: should be able to share your screen and all that.

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Speaker 8: All right, cool, appreciated fellas, Thanks again for having me, man, sir.

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Speaker 2: For joining us, bro always honor.

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Speaker 8: All right, cool, So let me go ahead and all

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Speaker 8: right cool, all right, So I'll share my screen and

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Speaker 8: I guess let me know if you can see my screen,

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Speaker 8: you can see it.

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Speaker 2: Yep, yep, we got it, yep.

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Speaker 6: Perfect.

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Speaker 8: All right, guys. So you know, the credit dude doesn't

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Speaker 8: get easy. Every time I speak and one week, I

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Speaker 8: always get nervous. And I always appreciate the platform.

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Speaker 2: You know.

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Speaker 8: I always love bringing content. I always love sharing something.

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Speaker 8: That way somebody could walk away with one piece of

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Speaker 8: information to help them get better or to help them

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Speaker 8: take their credit to the next level. So my name

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Speaker 8: is the credit dude. As you know, Rashat and Troy said,

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Speaker 8: I own god credit. I'm here in New Jersey, but

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Speaker 8: we can pretty much help anybody is in the US

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Speaker 8: except Georgia. And if you if you want to know,

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Speaker 8: you can go ahead and the box me and I'll

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Speaker 8: let you know why. But I go ahead and present

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Speaker 8: my screen. If you do not follow me on Instagram, YouTube,

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Speaker 8: or Facebook. You can go ahead as the credit dude

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Speaker 8: the same way. I know right now there's people out

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Speaker 8: there with underscores and periods trying to mimic the page.

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Speaker 8: But the credit dude is I only have one page

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Speaker 8: on each platform. And today I want to just go

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Speaker 8: over a couple of things on how to help you

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Speaker 8: become a homeowner.

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Speaker 2: Right.

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Speaker 8: There's not more of an investment, property or business credit

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Speaker 8: things like that. This is more let me show you

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Speaker 8: how to help you become a business ow a homeowner

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Speaker 8: very quickly and easier than you think. So that way,

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Speaker 8: you know you could become a homeowner in less than

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Speaker 8: six months or or or even sooner than that. All right, guys,

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Speaker 8: So the first thing is you gotta check your credit. Right,

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Speaker 8: you're gonna you're gonna you're trying to buy a house.

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Speaker 8: You're trying to uh, you know, whether it's a multi family,

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Speaker 8: whether the case is you gonna live in one, doesn't

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Speaker 8: really matter, right I think where what a lot of

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Speaker 8: people forget to do is check their credit before they

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Speaker 8: apply with Matt, before they apply with Kevin. And what

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Speaker 8: you need to do is you need to be able

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Speaker 8: to know what's on your credit report person, guess what

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Speaker 8: They're gonna ask you, hey, what is this? And if

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Speaker 8: you say I don't know, it's like, come on, Like

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Speaker 8: how serious are you with your credit? If you're applying

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Speaker 8: for a three hundred thousand dollars mortgage, you're five hundred

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Speaker 8: thousand dollars mortgage and you don't even you have to

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Speaker 8: check your credit in six months? Seven months, you know

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Speaker 8: what I mean? So you have to make sure you

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Speaker 8: check your credit report. I would say every month, right,

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Speaker 8: and at a bare minimum. But if you're gonna app

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Speaker 8: with Matt, check it every week, check it every day.

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Speaker 8: Like it's one of those things I wake up in

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Speaker 8: the morning, I'm checking my credit first thing, you know

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Speaker 8: what I mean. So you want to check your credit

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Speaker 8: report because you have to know what's on there. Am

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Speaker 8: I own time? Am I late? What's going on? What's

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Speaker 8: the deal with my credit? Because, like I said, when

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Speaker 8: Matt runs your credit report and he asks you, hey,

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Speaker 8: what's this bill? What's that bill? Don't you think it's

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Speaker 8: a little bit better to have a little bit of

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Speaker 8: information for him for when he runs your credit or

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Speaker 8: he might not. You might go out and say, hey, Matt, listen,

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Speaker 8: don't run my credit yet I have these things on here,

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Speaker 8: so let's save that inquiry, right. So the biggest thing

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Speaker 8: is is credit data. Credit data is more important than

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Speaker 8: any credit score, right because credit data is what drives

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Speaker 8: the credit score. So you could have a seven to

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Speaker 8: fifty credit score with a repossession and a charge off, right,

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Speaker 8: and you can have a six fifty credit score with

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Speaker 8: no lay payments. So these are the five categories. Usually

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Speaker 8: see people breaking down in percentages thirty five percent, thirty percent,

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Speaker 8: you know, fifteen, ten and ten. But when you look

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Speaker 8: at how many points, right, your credit score ranges from

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Speaker 8: three hundred to eight fifty. Payment history alone one hundred

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Speaker 8: and ninety two point five points. The data is payment history.

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Speaker 8: Your data is what drives the credit score. So if

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Speaker 8: you're late one time, two times, three times on multiple

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Speaker 8: credit cards, it'll drop your score. Like I had a

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Speaker 8: client today they were late. I called one of my

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Speaker 8: clients today, I said, hey, listen, you were late on

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Speaker 8: your Capital one card, and it dropped this credit score

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Speaker 8: sixty points. His monthly payment was fifteen dollars a month.

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Speaker 8: Fifteen dollars a month dropped his credit score sixty dollars.

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Speaker 8: Do whatever you can, guys, to have your stuff on

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Speaker 8: all the pay It's the most important thing you can

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Speaker 8: do with your credit, especially if you're trying to get

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Speaker 8: a mortgage. Debt utilization one hundred and sixty five points.

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Speaker 8: Your cards are maxed out, Guess what, guys, your score

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Speaker 8: is gonna tank.

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Speaker 2: Right.

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Speaker 8: This was one of my problems a few years ago.

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Speaker 8: I didn't really have anything negative, but all my credit

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Speaker 8: cards were maxed out. So that can easily take you

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Speaker 8: from sevens to the fives very very quick. All right,

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Speaker 8: time and file eighty two point five points. This is

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Speaker 8: pretty much why people buy trade lines, or why people

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Speaker 8: get put on as authorized users is because of their history.

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Speaker 8: It adds eighty two point five points. All right, Credit

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Speaker 8: mix fifty five points, pretty much easiest category. You have

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Speaker 8: a mortgage, you have an all the loan, and a

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Speaker 8: credit card, you're gonna get all fifty five points right,

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Speaker 8: and inquiries of fifty five points so you even notice.

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Speaker 8: I'm sure and Matt and Kevin have heard us all

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Speaker 8: the time. Man, don't roll my credit. I don't want

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Speaker 8: my score to drop. But then you have like lay

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Speaker 8: payments and collections, those affect your score more than an inquiry.

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Speaker 8: So people are always so scared about inquiries. And the

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Speaker 8: most important thing you have to understand about inquiries is

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Speaker 8: they only affect you fifty five points, which is ten percent.

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Speaker 8: But any mortgage inquiries, usually done within the thirty to

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Speaker 8: forty five day period, only count as one. So if

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Speaker 8: you got your mortgage, your credit report ran by four

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Speaker 8: different mortgage companies, it's not going to be four different

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Speaker 8: inquiries if done within the thirty to forty five day period,

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Speaker 8: all right, So don't be don't get so when it

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Speaker 8: comes to increase. It tricks for me out how people

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Speaker 8: are more worried about inqureies than lay payments.

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Speaker 2: All right.

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Speaker 8: So credit karma is another thing. A lot of people

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Speaker 8: check credit carm every single day, not saying anything's wrong

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Speaker 8: with it, but just don't use it as a source

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Speaker 8: when it comes to getting a mortgage, all right, because

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Speaker 8: when Matt checks your credit, he's not going to be

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Speaker 8: going off of credit karma. Credit karma only shows two

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Speaker 8: credit reports, doesn't show all three, okay, so it doesn't

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Speaker 8: provide experience. So you might tell Matt, hey, I got

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Speaker 8: a six 't eighty on the Equifax on TransUnion, but

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Speaker 8: guess what happens there's that collection or charge off. That's

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Speaker 8: an experience, and you think you're good, the reporting is inaccurate.

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Speaker 8: Our clients have a preferred credit monitor that we use.

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Speaker 8: We like the Identity IQ only because it's cheap. All right,

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Speaker 8: it does provide all three and you can pretty much

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Speaker 8: go with my FI go, you can go with experience.

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Speaker 8: You know, something that provides all three credit bureaus is

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Speaker 8: what you want because when Matt runs your credit, you

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Speaker 8: want to be able to explain every single line item

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Speaker 8: that's on your credit report. Okay, The next thing is

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Speaker 8: is that when it comes to your credit, right, and

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Speaker 8: when it comes to buying the more getting approoved for

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Speaker 8: a mortgage. One of the biggest things that we see

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Speaker 8: besides maxed out credit cards is lack of credit or

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Speaker 8: no credit history.

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Speaker 2: Right.

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Speaker 8: We deal with a lot of celebrities and a lot

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Speaker 8: of people that deal with cash, Like I don't want

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Speaker 8: to use that I got cash, you know, I could

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Speaker 8: buy that card full. Well, guess what are you gonna

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Speaker 8: buy a million dollar property housing full? I mean you shouldn't.

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Speaker 8: If you can, you still shouldn't, right use use the

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Speaker 8: mortgage to leverage it. So these are some credit cards

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Speaker 8: right here that can help you with building credit and

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Speaker 8: typically with no inquiries or only one inquiry per bureau.

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Speaker 8: Right so you have self lender. Self lender is one

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Speaker 8: of the easiest ways to build credit. It's a savings

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Speaker 8: account that reports to your credit report. So you pay

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Speaker 8: like twenty five dollars a month. Boom, they reported paying

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Speaker 8: a credit card to your credit report. Pedal p E

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Speaker 8: T a l Pedal credit card. They're one of a

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Speaker 8: new credit card that just came out. They check experience,

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Speaker 8: they do a pre qualification, they approve move up to

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Speaker 8: ten thousand dollars credit card, and you can use that

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Speaker 8: credit card anywhere another one. Everybody's pretty familiar with Capital One.

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Speaker 8: They will prequalify you and let you know if you

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Speaker 8: are pre approved for a credit card. Any local credit

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Speaker 8: union is typically good. You know you have other ones

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Speaker 8: like DCU, Navy, Federal Pentagon, Federal Credit Union. Credit unions

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Speaker 8: are a really good place to build credit. Tradelines when

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Speaker 8: it comes to mortgages, don't hold as much weight. So

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Speaker 8: I would say when it comes to mortgages, I don't

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Speaker 8: suggest to you buying a tradeline. Try to do it

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Speaker 8: on your own or have a family member add you

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Speaker 8: as an authorized user without a trade line. Okay, because remember,

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Speaker 8: building credit isn't is more important than what you think,

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Speaker 8: because you could have bad credit and still get to

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Speaker 8: prove for a mortgage, but if you have no credit,

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Speaker 8: there's no chance. And one of the most important things

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Speaker 8: to understand about building credit is it takes six months

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Speaker 8: for a tradeline to be reporting in order to generate

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Speaker 8: a fightcal score. So let's say if you're brand new,

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Speaker 8: fresh today, you have nothing on your credit report and

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Speaker 8: add a credit card. It is typically gonna take six

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Speaker 8: months for a credit card reporting every single month in

435
00:21:06,480 --> 00:21:08,760
Speaker 8: order for that fight go score to really be generated.

436
00:21:09,000 --> 00:21:11,720
Speaker 8: All right, current credit cards one of the things that

437
00:21:11,760 --> 00:21:13,639
Speaker 8: we see with a lot of clients, Like I said before,

438
00:21:14,119 --> 00:21:16,800
Speaker 8: max style cards, don't don't try to just pay your

439
00:21:16,800 --> 00:21:19,640
Speaker 8: credit cards down to thirty forty percent when it comes

440
00:21:19,680 --> 00:21:21,400
Speaker 8: to a mortgage. Listen, if you're gonna pay it down

441
00:21:21,400 --> 00:21:23,520
Speaker 8: as much as you can pay it down, it's just

442
00:21:23,560 --> 00:21:26,520
Speaker 8: gonna increase your borrowing power, That's pretty much what it's

443
00:21:26,560 --> 00:21:28,800
Speaker 8: gonna do. It's gonna eliminate those monthly payments that you

444
00:21:28,840 --> 00:21:31,640
Speaker 8: have on the credit cards and things like that. So

445
00:21:31,760 --> 00:21:33,919
Speaker 8: pay it down as much as you can. See if

446
00:21:33,920 --> 00:21:37,800
Speaker 8: you're eligible for a limit increase without an inquiry, because

447
00:21:37,840 --> 00:21:40,520
Speaker 8: then that's also gonna raise your credit score. So right now,

448
00:21:40,600 --> 00:21:43,960
Speaker 8: your goal with getting the mortgage is lowering your credit score,

449
00:21:44,680 --> 00:21:47,720
Speaker 8: I mean lowering your debt, increasing your credit score, and

450
00:21:47,920 --> 00:21:51,560
Speaker 8: and by paying down your debt and increasing your credit limits,

451
00:21:51,680 --> 00:21:54,480
Speaker 8: it's gonna do just that, all right. If they're gonna say, hey,

452
00:21:54,480 --> 00:21:56,359
Speaker 8: we're gonna run your credit for the increy for the

453
00:21:56,520 --> 00:21:59,280
Speaker 8: credit limit increase, tell them not to do it, because

454
00:21:59,359 --> 00:22:01,879
Speaker 8: you do want to try to limit any inquiries up

455
00:22:01,960 --> 00:22:04,240
Speaker 8: until the point of view get an approved for a mortgage, Okay,

456
00:22:04,960 --> 00:22:07,360
Speaker 8: and then also do not use your credit cards at

457
00:22:07,359 --> 00:22:09,040
Speaker 8: all if you know you're going for a mortgage. So

458
00:22:09,080 --> 00:22:11,000
Speaker 8: if you know you're going for a mortgage, don't go

459
00:22:11,040 --> 00:22:13,679
Speaker 8: to you know, don't mean, don't meet eyl down in Miami,

460
00:22:13,680 --> 00:22:15,480
Speaker 8: and now max all your credit cards out, you know

461
00:22:15,520 --> 00:22:17,679
Speaker 8: what I mean. The next thing you know your your

462
00:22:17,760 --> 00:22:20,399
Speaker 8: your credit score is going to drop you know a

463
00:22:20,440 --> 00:22:22,680
Speaker 8: lot of points, right, and guess what you're gonna have

464
00:22:22,720 --> 00:22:25,520
Speaker 8: to wait until those credit cards are paid down or

465
00:22:25,720 --> 00:22:28,080
Speaker 8: do a rapper rescore in order for that score to

466
00:22:28,320 --> 00:22:31,320
Speaker 8: get back up. All right, So this is another biggest

467
00:22:31,320 --> 00:22:33,040
Speaker 8: thing that we see. I know, MAP posts something about

468
00:22:33,040 --> 00:22:35,320
Speaker 8: an income based rate. This is where you guys can

469
00:22:35,359 --> 00:22:38,840
Speaker 8: go right now. Student loans are and for bearans. Student

470
00:22:38,880 --> 00:22:41,119
Speaker 8: loans aren't for barons. You can go to student loans

471
00:22:41,160 --> 00:22:44,240
Speaker 8: dot gov and consolidate or refinance your student loans that

472
00:22:44,280 --> 00:22:47,360
Speaker 8: are in collections into a new loan even though they're

473
00:22:47,359 --> 00:22:50,200
Speaker 8: not collecting on it. If your student loans are negative,

474
00:22:50,240 --> 00:22:52,560
Speaker 8: it is still affecting your credit. You can go to

475
00:22:52,600 --> 00:22:56,240
Speaker 8: this website consolidate them or refinance them for free. If

476
00:22:56,240 --> 00:22:59,080
Speaker 8: you're you're If you're in default, you know you do

477
00:22:59,160 --> 00:23:01,840
Speaker 8: have to do a rehabilityation program for about nine months.

478
00:23:02,080 --> 00:23:04,679
Speaker 8: All right now, I didn't want to just touch on

479
00:23:04,720 --> 00:23:06,679
Speaker 8: this right quick because a lot of people have to

480
00:23:06,760 --> 00:23:10,439
Speaker 8: understand that when it comes to business credit, it doesn't

481
00:23:10,480 --> 00:23:13,359
Speaker 8: report on your personal credit. Right so remember everything that

482
00:23:13,400 --> 00:23:15,480
Speaker 8: I was saying about maxing out your credit cards don't

483
00:23:15,520 --> 00:23:18,280
Speaker 8: apply for anything. Whatever the case is. If you have

484
00:23:18,400 --> 00:23:21,400
Speaker 8: business credit available, you can max it out all you want,

485
00:23:21,760 --> 00:23:24,280
Speaker 8: it's not going to show up. So my problem when

486
00:23:24,320 --> 00:23:26,919
Speaker 8: I bought my house was I didn't have any business credit,

487
00:23:27,160 --> 00:23:29,480
Speaker 8: so I really couldn't use any credit cards. You couldn't

488
00:23:29,520 --> 00:23:31,879
Speaker 8: use any money. But now if you're using your business

489
00:23:31,960 --> 00:23:34,359
Speaker 8: credit cards, you can still do what you gotta do

490
00:23:34,400 --> 00:23:36,719
Speaker 8: on a daily basis, and in a sense, you're not

491
00:23:36,840 --> 00:23:40,280
Speaker 8: hiding the money, You're just using it on a different means.

492
00:23:40,359 --> 00:23:40,520
Speaker 2: Right.

493
00:23:40,880 --> 00:23:42,440
Speaker 8: And the other thing that we've been telling a lot

494
00:23:42,440 --> 00:23:44,359
Speaker 8: of our clients to do is is if you have

495
00:23:44,400 --> 00:23:46,760
Speaker 8: a car right now on your personal credit and you

496
00:23:46,800 --> 00:23:50,360
Speaker 8: have an LLC, trade that car in, get it off

497
00:23:50,400 --> 00:23:53,720
Speaker 8: of your personal credit, and get a car under your

498
00:23:53,760 --> 00:23:56,240
Speaker 8: business because now that car is also not going to

499
00:23:56,240 --> 00:23:59,280
Speaker 8: show up on your personal credit, once again increasing your

500
00:23:59,320 --> 00:24:02,159
Speaker 8: borrowing power. So check it out. Imagine now you go

501
00:24:02,200 --> 00:24:05,800
Speaker 8: to Matt, zero credit card debt, no car payments, you

502
00:24:05,800 --> 00:24:07,920
Speaker 8: show up your income. He's gonna be like, you know what,

503
00:24:08,119 --> 00:24:10,639
Speaker 8: you can now get approved of the maximum amount because

504
00:24:10,640 --> 00:24:13,359
Speaker 8: you have no car payment, you have no credit card debt,

505
00:24:13,480 --> 00:24:15,720
Speaker 8: you have nothing. So that's gonna be the difference of

506
00:24:15,760 --> 00:24:18,280
Speaker 8: you getting approved maybe from two hundred two fifty three

507
00:24:18,400 --> 00:24:21,199
Speaker 8: hundred to five hundred six hundred. And if you have

508
00:24:21,280 --> 00:24:24,080
Speaker 8: a business, that's where you want everything to show because

509
00:24:24,080 --> 00:24:26,399
Speaker 8: guess what, when Matt runs your credit, he ain't checking

510
00:24:26,440 --> 00:24:28,960
Speaker 8: your business credit. When it comes to a mortgage, he's

511
00:24:29,040 --> 00:24:31,600
Speaker 8: checking your personal credit. So you can have six, seven,

512
00:24:31,680 --> 00:24:34,760
Speaker 8: eight cars in your business. Credit doesn't matter, okay, So

513
00:24:34,920 --> 00:24:39,159
Speaker 8: definitely definitely check that out because you want to make

514
00:24:39,160 --> 00:24:41,879
Speaker 8: sure that you're not putting yourself in a bad position.

515
00:24:42,160 --> 00:24:44,520
Speaker 8: I mean, and if you're looking to get help with

516
00:24:44,560 --> 00:24:47,199
Speaker 8: deleting anything negative, that's what we do. That's what we

517
00:24:47,280 --> 00:24:50,440
Speaker 8: help out with. And we only charge you if stuff

518
00:24:50,480 --> 00:24:53,280
Speaker 8: comes off because we listen, we get it. Time is money,

519
00:24:53,400 --> 00:24:55,159
Speaker 8: So if you don't have the time to deal with that,

520
00:24:55,160 --> 00:24:57,560
Speaker 8: you gotta do get lay payments off, collections, those things

521
00:24:57,600 --> 00:24:59,640
Speaker 8: like that, we can help out with that. You can

522
00:24:59,680 --> 00:25:03,080
Speaker 8: also dispute things on your own. You can obviously call

523
00:25:03,119 --> 00:25:05,760
Speaker 8: the credit bureaus up. You can call your creditors and

524
00:25:06,280 --> 00:25:08,479
Speaker 8: asks for forgiveness when it comes to late payments. When

525
00:25:08,520 --> 00:25:11,680
Speaker 8: it comes to certain collections, some creditors, I mean, some

526
00:25:11,720 --> 00:25:14,560
Speaker 8: collection agencies will remove stuff if you pay, if you

527
00:25:14,600 --> 00:25:19,919
Speaker 8: pay them. There's Portfolio Recovery Associates, Midland Funding, LVNV funding.

528
00:25:19,920 --> 00:25:22,400
Speaker 8: I'm sure Matt knows a lot of these collection agencies

529
00:25:22,560 --> 00:25:25,960
Speaker 8: and Kevin, they actually will remove it. Not every single

530
00:25:26,000 --> 00:25:29,200
Speaker 8: collection agency will remove a collection just because you pay them.

531
00:25:29,359 --> 00:25:32,439
Speaker 8: So what happens you pay ten thousand dollars collections, your

532
00:25:32,480 --> 00:25:36,160
Speaker 8: score is not gonna go anywhere. Okay, and that's it,

533
00:25:36,400 --> 00:25:38,400
Speaker 8: you know what I mean. You pretty much just want

534
00:25:38,400 --> 00:25:41,600
Speaker 8: to put yourself in a position to where you are

535
00:25:41,920 --> 00:25:45,679
Speaker 8: doing everything possible to get the best interest rate and

536
00:25:45,760 --> 00:25:48,280
Speaker 8: also have the highest credit score. Obviously, I'm gonna be

537
00:25:48,320 --> 00:25:50,879
Speaker 8: on here for Q and A. But like I said before,

538
00:25:51,040 --> 00:25:52,960
Speaker 8: if you guys need me, hit me up on Instagram,

539
00:25:53,000 --> 00:25:54,879
Speaker 8: schedule a call. My team would love to help you

540
00:25:54,960 --> 00:25:57,520
Speaker 8: out to help you take your credit to the next level.

541
00:25:58,000 --> 00:25:59,040
Speaker 8: And that's my time, guys.

542
00:26:00,480 --> 00:26:04,800
Speaker 2: I appreciate that. Thank you, Thank you, Jose. Jose is

543
00:26:04,800 --> 00:26:07,280
Speaker 2: always on points, So that was a lot of information.

544
00:26:07,359 --> 00:26:07,520
Speaker 8: Man.

545
00:26:07,560 --> 00:26:11,560
Speaker 2: Hopefully you guys took notes. If not, it definitely obviously

546
00:26:11,560 --> 00:26:13,800
Speaker 2: would be saved on YouTube, So go back and use

547
00:26:13,840 --> 00:26:16,439
Speaker 2: that as a reference. Tell you this is gonna be

548
00:26:16,440 --> 00:26:20,840
Speaker 2: a jam packed educational situation. So we'll jump right into

549
00:26:20,880 --> 00:26:27,600
Speaker 2: the next presenter, Kevin, would you like to go? Sure,

550
00:26:28,119 --> 00:26:28,399
Speaker 2: let's go.

551
00:26:28,600 --> 00:26:29,280
Speaker 6: What's wrong?

552
00:26:29,880 --> 00:26:30,520
Speaker 2: Let's do it.

553
00:26:30,720 --> 00:26:32,159
Speaker 5: First of all, I want to say thank you for

554
00:26:32,200 --> 00:26:35,359
Speaker 5: having me. It's an absolute pleasure. Thank you for I

555
00:26:35,359 --> 00:26:38,000
Speaker 5: appreciate it. They don't know how to share this, so

556
00:26:38,080 --> 00:26:44,639
Speaker 5: forgive me. Uh let's see.

557
00:26:43,800 --> 00:26:46,600
Speaker 4: You right at the bomb and just say share screens

558
00:26:46,680 --> 00:26:47,640
Speaker 4: in green probably on.

559
00:26:47,680 --> 00:26:51,840
Speaker 2: Your Yeah, I clicked on that, and a box is

560
00:26:51,880 --> 00:26:53,960
Speaker 2: gonna come up, and then it's probably the top.

561
00:26:53,920 --> 00:26:59,680
Speaker 5: Level asking for system preferences. Forgiving me, guys. I'm sorry,

562
00:26:59,680 --> 00:27:01,520
Speaker 5: you guys of pros at this stuff.

563
00:27:02,280 --> 00:27:04,840
Speaker 2: All right, all right, we all learning technology. That's the

564
00:27:04,960 --> 00:27:08,639
Speaker 2: that's the beauty of the situation. Nobody expert in this stuff,

565
00:27:08,760 --> 00:27:10,760
Speaker 2: Like you know, a lot of us got thrown into

566
00:27:10,800 --> 00:27:12,720
Speaker 2: this once COVID hit, so we still learning how to

567
00:27:12,720 --> 00:27:16,200
Speaker 2: work zoom properly. I don't touch technology at all me personally,

568
00:27:16,680 --> 00:27:21,680
Speaker 2: but uh yeah, but yeah, this this what Kevin is

569
00:27:21,720 --> 00:27:26,880
Speaker 2: about to talk about. It is extremely important because he's

570
00:27:26,920 --> 00:27:28,680
Speaker 2: in a hard money game. Hard money lending.

571
00:27:28,880 --> 00:27:30,800
Speaker 4: I remember when we first heard about it was something

572
00:27:30,800 --> 00:27:32,439
Speaker 4: that we didn't even we weren't familiar with.

573
00:27:32,440 --> 00:27:35,280
Speaker 2: It blew my mind. Actually, when Lord of the Islam

574
00:27:35,400 --> 00:27:39,120
Speaker 2: first told us about hard money, I wasn't even really

575
00:27:39,359 --> 00:27:42,560
Speaker 2: sure what hard money was. And I thought hard money

576
00:27:42,640 --> 00:27:51,200
Speaker 2: was just like a loan shark that I understand that. Yeah,

577
00:27:51,200 --> 00:27:54,000
Speaker 2: there you go, all right, you see it. Awesome, we

578
00:27:54,640 --> 00:27:56,560
Speaker 2: got you, all right, awesome.

579
00:27:57,320 --> 00:28:01,320
Speaker 5: So I kind of you know, just from the text

580
00:28:01,400 --> 00:28:04,480
Speaker 5: and everything that I got, just what the subject matter

581
00:28:04,640 --> 00:28:09,200
Speaker 5: was from my perspective was real estate investing post pandemic, right,

582
00:28:09,600 --> 00:28:15,359
Speaker 5: and how to use non conventional financing to fund and

583
00:28:15,440 --> 00:28:20,800
Speaker 5: finance transactions. So what's coined as hard money is really,

584
00:28:21,080 --> 00:28:23,480
Speaker 5: you know, there's a lot of different ways to look

585
00:28:23,520 --> 00:28:28,720
Speaker 5: at this. It's really it falls under the bridge finance space.

586
00:28:29,160 --> 00:28:32,480
Speaker 5: Bridge loans are typically short term loans twelve to thirty

587
00:28:32,520 --> 00:28:36,760
Speaker 5: six months, depending on if they're bank or non bank,

588
00:28:36,960 --> 00:28:44,480
Speaker 5: meaning a private lender. A private lender could be an institution.

589
00:28:44,760 --> 00:28:47,160
Speaker 5: You have a lot of organizations which are pretty much

590
00:28:47,680 --> 00:28:51,480
Speaker 5: writing paper selling them off in the secondary market, and

591
00:28:51,600 --> 00:28:54,960
Speaker 5: they're securitizing these they're taking pools of loans and they're

592
00:28:55,000 --> 00:29:00,600
Speaker 5: securitizing these loans and basically creating bonds or whatever for

593
00:29:01,120 --> 00:29:09,520
Speaker 5: institutional investors. You also have folks that are really private

594
00:29:09,680 --> 00:29:13,400
Speaker 5: that you're talking about family offices, people that have a

595
00:29:13,600 --> 00:29:16,520
Speaker 5: very very staggering amount of dollars where they're looking to

596
00:29:16,640 --> 00:29:19,680
Speaker 5: just get a return on their money. So ten percent

597
00:29:19,760 --> 00:29:22,840
Speaker 5: for these people, it's a good return. If you're putting

598
00:29:22,840 --> 00:29:25,360
Speaker 5: out fifty million dollars a year and you're earning ten

599
00:29:25,400 --> 00:29:29,800
Speaker 5: percent interest on that money. That's five million dollars. You know, again,

600
00:29:30,120 --> 00:29:34,680
Speaker 5: it really these are just different facets of bridge finance.

601
00:29:34,920 --> 00:29:38,360
Speaker 5: So we'll talk about we'll label it hard money for

602
00:29:38,400 --> 00:29:43,480
Speaker 5: the moment. What I really express to people is, you know,

603
00:29:43,520 --> 00:29:47,280
Speaker 5: what's the goal. What are people trying to accomplish? Obviously,

604
00:29:47,280 --> 00:29:50,520
Speaker 5: if you're looking to buy an owner occupied property, I'm

605
00:29:50,560 --> 00:29:53,000
Speaker 5: not the guy for you, that's that's the goat over

606
00:29:53,080 --> 00:29:55,760
Speaker 5: there to my right on the screen, MG, the mortgage guy.

607
00:29:56,200 --> 00:30:00,000
Speaker 5: All right, But if you're looking to get into an

608
00:30:00,000 --> 00:30:04,280
Speaker 5: investment properties, and I know Matt does agency type of

609
00:30:04,320 --> 00:30:09,000
Speaker 5: deals Fanny Fanny May, et cetera, that you can, you know,

610
00:30:09,440 --> 00:30:11,800
Speaker 5: you can invest investment properties and use some of the

611
00:30:11,840 --> 00:30:16,240
Speaker 5: income on whatever you're purchasing, multi family, et cetera to

612
00:30:16,360 --> 00:30:18,840
Speaker 5: make the deal work. So, but you know, that's something

613
00:30:18,880 --> 00:30:22,240
Speaker 5: for Matt to talk about. I asked people, what are

614
00:30:22,280 --> 00:30:24,440
Speaker 5: you trying to do? Are you looking to acquire real estate,

615
00:30:24,480 --> 00:30:27,320
Speaker 5: renovate the property and sell it. Are you looking to

616
00:30:27,600 --> 00:30:33,880
Speaker 5: you know, acquire, renovate and hold. Are people looking to

617
00:30:33,920 --> 00:30:38,600
Speaker 5: develop in the Northeast Jersey, New York? A lot of

618
00:30:38,640 --> 00:30:41,800
Speaker 5: folks are not really into land banking, but when you

619
00:30:41,920 --> 00:30:46,160
Speaker 5: go down south and more to the west, whether Texas, Florida,

620
00:30:46,360 --> 00:30:49,560
Speaker 5: land banking is a very big thing. They look at us.

621
00:30:50,120 --> 00:30:52,200
Speaker 5: Investors in those areas look at us and they're like,

622
00:30:52,360 --> 00:30:53,760
Speaker 5: I don't know how you deal with the you know,

623
00:30:53,800 --> 00:30:56,600
Speaker 5: the headaches that come along with investing in new places

624
00:30:56,600 --> 00:30:59,120
Speaker 5: like New York and New Jersey. So you know, you

625
00:30:59,200 --> 00:31:02,560
Speaker 5: have you have land banking and you can do You

626
00:31:02,560 --> 00:31:04,800
Speaker 5: could do a lot of different things with land. Obviously,

627
00:31:04,840 --> 00:31:08,400
Speaker 5: you could develop the land, you can hold the land.

628
00:31:08,960 --> 00:31:10,120
Speaker 2: What's land banking?

629
00:31:10,840 --> 00:31:15,560
Speaker 5: Land banking is really just buying land to hold from

630
00:31:15,600 --> 00:31:18,400
Speaker 5: a from a tax perspective, you know, it's it's a

631
00:31:18,440 --> 00:31:21,440
Speaker 5: depreciating asset, so it's a write off for many people.

632
00:31:23,480 --> 00:31:25,680
Speaker 5: I remember, you know this is back in like oh wait,

633
00:31:25,760 --> 00:31:28,960
Speaker 5: I raised money for a fund out of Texas Austin, Texas.

634
00:31:29,960 --> 00:31:34,120
Speaker 5: There were a bunch of wildcatters oil guys, and they

635
00:31:34,160 --> 00:31:36,760
Speaker 5: structured a real estate fund. They wanted me to raise

636
00:31:36,760 --> 00:31:39,040
Speaker 5: some capital alongside them. I did. We did like a

637
00:31:39,040 --> 00:31:42,000
Speaker 5: forty million dollar raise and essentially all they did was

638
00:31:42,000 --> 00:31:46,240
Speaker 5: buy land to offset the profits that they made on

639
00:31:46,320 --> 00:31:51,120
Speaker 5: the oil side, and they just held the land. It

640
00:31:51,160 --> 00:31:55,600
Speaker 5: wasn't necessarily something that was being developed. Sometimes you can

641
00:31:55,720 --> 00:32:00,280
Speaker 5: buy the land, create infrastructure meaning plans permits, and you

642
00:32:00,280 --> 00:32:02,440
Speaker 5: can sell that to a developer. That's something a lot

643
00:32:02,440 --> 00:32:05,920
Speaker 5: of people don't even realize. Most people think when you

644
00:32:05,920 --> 00:32:08,400
Speaker 5: get into land that you have to take it from

645
00:32:08,440 --> 00:32:10,760
Speaker 5: point A to Z, and that is not the case.

646
00:32:11,320 --> 00:32:16,440
Speaker 5: You can profit by buying the land, getting plans, permits,

647
00:32:16,440 --> 00:32:18,800
Speaker 5: et cetera, and selling it off to a developer who

648
00:32:18,840 --> 00:32:21,720
Speaker 5: will develop the property. I'm doing a transaction like that

649
00:32:21,880 --> 00:32:25,400
Speaker 5: right now. I'm actually doing a few and or you

650
00:32:25,400 --> 00:32:29,520
Speaker 5: could develop the property, you know, whether it's residential, commercial

651
00:32:29,840 --> 00:32:33,320
Speaker 5: is I believe somebody put up a post you know,

652
00:32:33,320 --> 00:32:36,040
Speaker 5: they're not making any more land or buy land, and

653
00:32:36,080 --> 00:32:39,160
Speaker 5: it's so true. So you know, these are just some

654
00:32:39,200 --> 00:32:40,920
Speaker 5: of the ask classes.

655
00:32:41,960 --> 00:32:44,480
Speaker 2: The post was don't wait to buy land by land

656
00:32:44,520 --> 00:32:48,240
Speaker 2: and wait, buy land and wait. Yeah, So a quick

657
00:32:48,280 --> 00:32:50,040
Speaker 2: question before I'm gona let you get back to your presentation.

658
00:32:50,560 --> 00:32:52,120
Speaker 2: Can you use hard money to buy land?

659
00:32:52,360 --> 00:32:58,000
Speaker 5: Yes, you can, absolutely, it's probably about that, yeah, no,

660
00:32:58,080 --> 00:33:04,320
Speaker 5: absolutely so. Essentially, typically when an investor comes to buy

661
00:33:04,840 --> 00:33:07,760
Speaker 5: a piece of land, it's with the intentions of developing

662
00:33:07,880 --> 00:33:12,240
Speaker 5: or building out that land piece, whether it's for residential

663
00:33:12,280 --> 00:33:17,880
Speaker 5: development and or commercial development. So folks who are using

664
00:33:17,960 --> 00:33:21,640
Speaker 5: hard money are you know, they have a plan in place.

665
00:33:21,680 --> 00:33:24,520
Speaker 5: They're not necessarily land banking. And I'm going to tell

666
00:33:24,520 --> 00:33:27,840
Speaker 5: you why not with hard money because hard money or

667
00:33:27,840 --> 00:33:31,720
Speaker 5: bridge lending again is a twelve to thirty six month loan,

668
00:33:32,440 --> 00:33:35,880
Speaker 5: and you know it's not the cheapest money in the world.

669
00:33:37,000 --> 00:33:39,520
Speaker 5: You want to be able to enter and exit at

670
00:33:39,560 --> 00:33:42,200
Speaker 5: a certain point. Your lender will want you to do that.

671
00:33:42,920 --> 00:33:47,520
Speaker 5: So we're typically dealing with people who are going to

672
00:33:47,560 --> 00:33:50,400
Speaker 5: take the property from a to Z and or a

673
00:33:50,600 --> 00:33:53,719
Speaker 5: to let's say midway. They're going to again create the

674
00:33:53,720 --> 00:33:56,880
Speaker 5: infrastructure for development to sell it off to a developer.

675
00:33:57,680 --> 00:34:01,760
Speaker 5: So we usually lend about sixty five percent loan to

676
00:34:01,880 --> 00:34:06,560
Speaker 5: value on the land, and in terms of we like

677
00:34:06,600 --> 00:34:09,839
Speaker 5: to see about thirty percent cash into a deal like that,

678
00:34:09,880 --> 00:34:11,920
Speaker 5: thirty to thirty five percent because again it's not a

679
00:34:11,920 --> 00:34:17,360
Speaker 5: cash flowing asset. It's there's usually nothing there, but there's

680
00:34:17,400 --> 00:34:22,360
Speaker 5: obviously tons of potential to create whatever you want. With

681
00:34:22,400 --> 00:34:26,200
Speaker 5: the housing crisis and everything that's going on, Look, there's

682
00:34:26,239 --> 00:34:31,680
Speaker 5: not enough housing. There's always room to build. What's happened

683
00:34:31,719 --> 00:34:35,160
Speaker 5: during COVID, you have so many people leaving, you know,

684
00:34:36,960 --> 00:34:38,880
Speaker 5: at least the northeast. You guys are down in Miami

685
00:34:38,960 --> 00:34:40,920
Speaker 5: right now, which is a big, you know, metropolis. It's

686
00:34:40,960 --> 00:34:46,200
Speaker 5: a big metropolitan area. But you have people just leaving

687
00:34:46,239 --> 00:34:49,880
Speaker 5: the big cities, and there's a need for residential housing

688
00:34:50,200 --> 00:34:53,960
Speaker 5: outside of you know, major metropolitan areas. So people going

689
00:34:54,000 --> 00:34:57,239
Speaker 5: to the outskirts maybe an hour hour and a half

690
00:34:57,360 --> 00:35:00,319
Speaker 5: outside of the city. They're buying land, they're they're you know,

691
00:35:01,200 --> 00:35:05,680
Speaker 5: creating infrastructure, and they're building. So it's it's a very

692
00:35:05,680 --> 00:35:12,000
Speaker 5: good investment. Not many people really understand how to go

693
00:35:12,080 --> 00:35:16,439
Speaker 5: about doing it. I want people to do it because again,

694
00:35:16,640 --> 00:35:21,040
Speaker 5: it's something that you can really get into a property

695
00:35:21,360 --> 00:35:24,640
Speaker 5: for a minimal amount of money, just because land is

696
00:35:24,680 --> 00:35:27,640
Speaker 5: a lot cheaper than something that's already stabilized or built

697
00:35:27,840 --> 00:35:33,120
Speaker 5: right and you know, essentially use debt to do whatever it.

698
00:35:33,200 --> 00:35:36,319
Speaker 5: You know, the property allows whether that's residential pieces, and

699
00:35:36,360 --> 00:35:39,719
Speaker 5: you can build out those residential pieces and then refinance

700
00:35:39,760 --> 00:35:43,320
Speaker 5: into more you know, a more conventional loan. Hold those loans.

701
00:35:43,320 --> 00:35:47,040
Speaker 5: It's known as build to rent, and or again you

702
00:35:47,080 --> 00:35:51,279
Speaker 5: can create commercial assets where you're creating cash flow via

703
00:35:51,520 --> 00:35:55,399
Speaker 5: commercial properties, whether that's mixed use strip, modls, et cetera.

704
00:35:57,960 --> 00:36:00,319
Speaker 5: So I always ask folks, you know what, what are

705
00:36:00,320 --> 00:36:03,880
Speaker 5: you trying to accomplish? You know? And that goes it

706
00:36:04,600 --> 00:36:09,360
Speaker 5: goes back to you know what Jose said, I'm basically

707
00:36:09,400 --> 00:36:12,200
Speaker 5: looking at credit. I'm looking at certain things and it's

708
00:36:12,200 --> 00:36:16,239
Speaker 5: actually on the next slide. I'll go down, scroll down

709
00:36:16,239 --> 00:36:24,160
Speaker 5: here if I can. Let's see. So these are some

710
00:36:24,239 --> 00:36:29,600
Speaker 5: of the things that I ask for, and I think any.

711
00:36:28,760 --> 00:36:29,480
Speaker 2: Earners, what's up.

712
00:36:29,600 --> 00:36:32,040
Speaker 9: You ever walk into a small business and everything just

713
00:36:32,200 --> 00:36:35,400
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714
00:36:35,920 --> 00:36:38,879
Speaker 9: tipping is a breeze, and you're out the door before

715
00:36:38,920 --> 00:36:43,040
Speaker 9: the line even builds odds are they're using Square. We

716
00:36:43,200 --> 00:36:45,759
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717
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718
00:36:49,080 --> 00:36:51,200
Speaker 9: at a pop up market, or even one.

719
00:36:51,080 --> 00:36:52,200
Speaker 6: Of our merch partners.

720
00:36:52,440 --> 00:36:56,239
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721
00:36:56,320 --> 00:37:00,359
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722
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723
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Speaker 9: launching something soon, Square is hands down one of the

724
00:37:06,480 --> 00:37:09,920
Speaker 9: best tools out there to help you start, run and grow.

725
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Speaker 9: It's not just about payments, It's about giving you time

726
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727
00:37:16,280 --> 00:37:19,640
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728
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729
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730
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731
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Speaker 9: pushing your vision forward. This episode is brought to you

732
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Speaker 9: by P and C Bank. A lot of people think

733
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734
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736
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738
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741
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742
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743
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759
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Speaker 5: Good hard money lender and or private lender. We'll ask

760
00:39:21,680 --> 00:39:25,520
Speaker 5: you for and it's essentially what's your credit score, what

761
00:39:25,560 --> 00:39:28,880
Speaker 5: does your credit look like? And as Jose stated, you know,

762
00:39:28,920 --> 00:39:35,759
Speaker 5: there's there's a secondary component to credit, right, So a

763
00:39:35,760 --> 00:39:38,520
Speaker 5: lot of people, you know, again, they might have a

764
00:39:38,600 --> 00:39:40,880
Speaker 5: seven to fifty score, but they don't have the trade lines.

765
00:39:40,920 --> 00:39:43,200
Speaker 5: You know, maybe they don't they don't own property, et cetera.

766
00:39:43,280 --> 00:39:46,319
Speaker 5: So those factors kind of come into play with how

767
00:39:46,400 --> 00:39:48,719
Speaker 5: much leverage we're going to extend doesn't mean we won't

768
00:39:48,800 --> 00:39:53,879
Speaker 5: give a part. You know, an individual with not as much,

769
00:39:54,400 --> 00:39:58,319
Speaker 5: How can I say this weight on their credit or yeah,

770
00:39:58,600 --> 00:40:00,680
Speaker 5: let's let's just say that. It's not that we won't

771
00:40:00,719 --> 00:40:03,360
Speaker 5: lend them money, just leverage might be a little bit different.

772
00:40:03,960 --> 00:40:06,120
Speaker 5: So we look at credit, we look at the secondary

773
00:40:06,880 --> 00:40:11,200
Speaker 5: the secondary reporting agencies, whether that's Nexus, Lexis, and then

774
00:40:11,560 --> 00:40:12,319
Speaker 5: there's a ton of them.

775
00:40:12,400 --> 00:40:12,560
Speaker 2: Right.

776
00:40:15,080 --> 00:40:18,720
Speaker 5: One thing that I have to say, I must say

777
00:40:18,719 --> 00:40:26,880
Speaker 5: this on an application. People have to be honest about

778
00:40:26,920 --> 00:40:30,080
Speaker 5: what's going on in their life or what has happened.

779
00:40:31,120 --> 00:40:34,279
Speaker 5: I ask that's like one of the first things I ask,

780
00:40:34,480 --> 00:40:38,160
Speaker 5: have you had any bankruptcies? Have you had any foreclosures?

781
00:40:39,280 --> 00:40:42,040
Speaker 5: Do you have any felonies, any crimes of moral turpitude

782
00:40:42,160 --> 00:40:45,040
Speaker 5: or anything along those lines. And I have people that

783
00:40:45,280 --> 00:40:47,680
Speaker 5: straight up lie, which is, oh, you know, I understand

784
00:40:47,680 --> 00:40:50,080
Speaker 5: people trying to get things done. But what I'm trying

785
00:40:50,120 --> 00:40:54,880
Speaker 5: to do is help people execute. And the way that

786
00:40:54,920 --> 00:40:59,480
Speaker 5: I'm able to execute is by creating a narrative. That's

787
00:40:59,560 --> 00:41:02,399
Speaker 5: part of this skill set in order to get transactions done.

788
00:41:02,440 --> 00:41:05,920
Speaker 5: Is create a narrative around what's happened in the past.

789
00:41:06,120 --> 00:41:10,080
Speaker 5: We cannot judge people on everything that's happened in their past.

790
00:41:10,360 --> 00:41:14,840
Speaker 5: It's just not fair. But I've had individuals who were incarcerated,

791
00:41:16,600 --> 00:41:20,919
Speaker 5: you know, for lengthy periods of time, and they were

792
00:41:20,960 --> 00:41:23,600
Speaker 5: the difference between someone who was away for a long

793
00:41:23,640 --> 00:41:26,000
Speaker 5: time and someone who wasn't away for a long time.

794
00:41:26,840 --> 00:41:30,279
Speaker 5: It was really the honesty. From the financing perspective, we

795
00:41:30,280 --> 00:41:33,759
Speaker 5: were able to get over certain hurdles. I share that

796
00:41:33,840 --> 00:41:37,160
Speaker 5: because it's just so important to be transparent. I'm gonna

797
00:41:37,200 --> 00:41:41,000
Speaker 5: find out anyway. We've been very very Our systems are

798
00:41:41,080 --> 00:41:44,759
Speaker 5: very good in terms of piercing, you know, locked secondaries,

799
00:41:44,880 --> 00:41:46,799
Speaker 5: if you want to call it that. You have you know,

800
00:41:46,840 --> 00:41:49,000
Speaker 5: folks that say, hey, look we're gonna lie, you know,

801
00:41:49,680 --> 00:41:51,560
Speaker 5: don't worry, you won't be able to see this or

802
00:41:51,600 --> 00:41:53,239
Speaker 5: that in the background, you know, in terms of a

803
00:41:53,320 --> 00:41:57,319
Speaker 5: background check. That's not true. We've been very good at

804
00:41:57,480 --> 00:41:58,920
Speaker 5: We're very good at what we do, and we want

805
00:41:58,960 --> 00:42:00,799
Speaker 5: to make sure that the person that lending money to

806
00:42:01,400 --> 00:42:06,319
Speaker 5: has the wherewithal, the character and integrity to not only

807
00:42:06,360 --> 00:42:09,400
Speaker 5: execute the deal but pay us back. That's what this

808
00:42:09,520 --> 00:42:13,200
Speaker 5: is about. This is about you know, putting money out

809
00:42:13,239 --> 00:42:17,520
Speaker 5: and obviously you know, replenishing that capital. So pedigree is

810
00:42:17,520 --> 00:42:20,719
Speaker 5: another big thing. I mean, how many deals have you done?

811
00:42:21,160 --> 00:42:25,520
Speaker 5: You can't expect to take down one hundred you in

812
00:42:25,560 --> 00:42:29,320
Speaker 5: a building and you've never done a deal. So I

813
00:42:29,800 --> 00:42:32,279
Speaker 5: always say, be a little bit pragmatic in what you're

814
00:42:32,320 --> 00:42:36,680
Speaker 5: trying to accomplish. This is not for you know, I'm

815
00:42:36,719 --> 00:42:41,200
Speaker 5: not trying to deter anyone from you know, shooting, I guess,

816
00:42:41,280 --> 00:42:43,920
Speaker 5: you know, raising the bar and going out and trying

817
00:42:43,960 --> 00:42:47,680
Speaker 5: to you know, build their dreams, execute their dreams. But

818
00:42:47,719 --> 00:42:49,840
Speaker 5: you have to be realistic as well. A lender is

819
00:42:49,880 --> 00:42:52,680
Speaker 5: going to you know, be pragmatic in his decision making.

820
00:42:52,719 --> 00:42:57,360
Speaker 5: I don't care who it is. So personal financial statement again,

821
00:42:57,400 --> 00:43:02,000
Speaker 5: what's the liquidity look like? You know, what's the outstanding

822
00:43:02,040 --> 00:43:04,440
Speaker 5: that that you have, What assets do you have? How

823
00:43:04,480 --> 00:43:06,239
Speaker 5: much you know, how much do you have in your

824
00:43:06,239 --> 00:43:08,680
Speaker 5: four oh one K accounts? Iras? These are things that

825
00:43:08,719 --> 00:43:12,279
Speaker 5: we all look at, not necessarily and most of these

826
00:43:12,280 --> 00:43:15,080
Speaker 5: things are stated, right, So I'm not I usually don't

827
00:43:15,120 --> 00:43:17,000
Speaker 5: ask for these things. But it's on a merit of

828
00:43:17,560 --> 00:43:19,440
Speaker 5: It's an on a merit system, you know.

829
00:43:19,560 --> 00:43:21,759
Speaker 2: So that's real quick.

830
00:43:22,040 --> 00:43:26,760
Speaker 10: Sure you and your expertise, as people have developed relationships

831
00:43:26,880 --> 00:43:29,360
Speaker 10: in the hard many space, do you see interest rates

832
00:43:29,440 --> 00:43:33,840
Speaker 10: changing as you developed more properties over time or is

833
00:43:33,880 --> 00:43:37,520
Speaker 10: there a certain standard percentage that is across the board.

834
00:43:38,000 --> 00:43:41,080
Speaker 5: I mean, that's a great question. I come from a

835
00:43:41,120 --> 00:43:48,440
Speaker 5: world where money was sixteen percent and four points when

836
00:43:48,480 --> 00:43:50,920
Speaker 5: I started in this business. That's how much capital the

837
00:43:50,920 --> 00:43:52,640
Speaker 5: cost of capital was, and that was for like a

838
00:43:52,680 --> 00:43:58,759
Speaker 5: cash flowing asset, truly bridge money. Now with institutional investors

839
00:43:59,440 --> 00:44:03,480
Speaker 5: stepping in, Yes, you see a cheaper cost of capital

840
00:44:03,560 --> 00:44:09,480
Speaker 5: on the hard money side. Rates anywhere or advertised teasers

841
00:44:09,480 --> 00:44:11,439
Speaker 5: if you want to call them, anywhere between six point

842
00:44:11,520 --> 00:44:17,280
Speaker 5: nine to nine percent and up. What I see typically,

843
00:44:19,440 --> 00:44:21,759
Speaker 5: let's put it this way. You can ride you can

844
00:44:21,840 --> 00:44:25,480
Speaker 5: ride the subway every day, and a token is a token.

845
00:44:25,560 --> 00:44:28,759
Speaker 5: That's the cost of the token. It doesn't necessarily just

846
00:44:28,760 --> 00:44:31,839
Speaker 5: because you ride the train all the time doesn't mean

847
00:44:31,880 --> 00:44:33,839
Speaker 5: that the MTA gives you a deal.

848
00:44:33,880 --> 00:44:34,239
Speaker 2: Per se.

849
00:44:34,280 --> 00:44:38,160
Speaker 5: There's a there's a return that needs to be given

850
00:44:38,360 --> 00:44:45,600
Speaker 5: to investors. And again, typically anywhere between eight to ten percent.

851
00:44:45,640 --> 00:44:51,439
Speaker 5: So I don't see that, you know, dropping, I think

852
00:44:51,440 --> 00:44:54,560
Speaker 5: that's a fair number anywhere between eight to ten percent

853
00:44:55,000 --> 00:44:57,279
Speaker 5: on a deal in terms of interest rate with a

854
00:44:57,280 --> 00:45:04,200
Speaker 5: few points. So some of the things that you want

855
00:45:04,239 --> 00:45:06,279
Speaker 5: to look for when you're actually looking at a deal,

856
00:45:06,760 --> 00:45:10,080
Speaker 5: this is very important. You obviously want to know your

857
00:45:10,080 --> 00:45:14,000
Speaker 5: purchase price, You want to know the value of your asset.

858
00:45:14,480 --> 00:45:18,480
Speaker 5: Just to get an understanding of you know, your leverage

859
00:45:18,480 --> 00:45:24,440
Speaker 5: marks something that I do personally and for my clients.

860
00:45:24,440 --> 00:45:27,640
Speaker 5: They tell them, listen, find out what the income and

861
00:45:27,680 --> 00:45:31,800
Speaker 5: expenses are on the property. And not only that, whether

862
00:45:31,840 --> 00:45:33,799
Speaker 5: it's a flip or you're deciding to hold this thing.

863
00:45:33,960 --> 00:45:36,320
Speaker 5: You know, REFI out in twelve months, twenty four months,

864
00:45:36,360 --> 00:45:38,200
Speaker 5: and I don't care what type of property it is.

865
00:45:38,520 --> 00:45:40,760
Speaker 5: You want to have an understanding of the income. Because

866
00:45:41,480 --> 00:45:45,520
Speaker 5: look what happened last year. I mean on March seventeen,

867
00:45:45,640 --> 00:45:48,640
Speaker 5: twenty twenty, when COVID kicked in. I never forget that

868
00:45:48,719 --> 00:45:50,600
Speaker 5: day because I had twenty five million dollars worth of

869
00:45:50,640 --> 00:45:55,520
Speaker 5: loans on the table. And when everything's shut down, everything

870
00:45:55,600 --> 00:46:00,120
Speaker 5: shut down? What does that mean? That means that a

871
00:46:00,120 --> 00:46:03,680
Speaker 5: lot of folks weren't able to sell the properties because

872
00:46:03,719 --> 00:46:09,799
Speaker 5: realtors weren't even going to properties. Neither were appraisers. So

873
00:46:11,000 --> 00:46:15,160
Speaker 5: you kind of needed. My whole thing was listen, if

874
00:46:15,200 --> 00:46:18,279
Speaker 5: you're in a bridge, get out, look at the end.

875
00:46:18,560 --> 00:46:20,360
Speaker 5: But you have to look at the income and expenses.

876
00:46:20,400 --> 00:46:23,040
Speaker 5: The property has to make sense, it has to cash flow,

877
00:46:23,520 --> 00:46:26,120
Speaker 5: because again we can we don't know what the future holds.

878
00:46:26,280 --> 00:46:31,040
Speaker 5: Right You're seeing people buy properties above ESK and Matt

879
00:46:31,080 --> 00:46:34,759
Speaker 5: could probably attest to this more than you know. Matt,

880
00:46:34,800 --> 00:46:37,640
Speaker 5: how many people are how many people are you seeing

881
00:46:37,680 --> 00:46:39,040
Speaker 5: paying above market right now?

882
00:46:40,840 --> 00:46:41,040
Speaker 2: Man?

883
00:46:41,080 --> 00:46:44,440
Speaker 6: It really depends on if they're shopping in the retail market.

884
00:46:45,000 --> 00:46:49,040
Speaker 6: I mean, it seems like almost everybody right now for

885
00:46:49,080 --> 00:46:50,960
Speaker 6: the most part. You know, I'll probably say a good

886
00:46:51,040 --> 00:46:53,160
Speaker 6: seventy percent of the people that are come across are

887
00:46:53,200 --> 00:46:57,719
Speaker 6: paying above asking right now, and that's shopping retail and

888
00:46:57,880 --> 00:47:02,600
Speaker 6: thirty percent pain asking or a little bit below asking.

889
00:47:03,719 --> 00:47:06,080
Speaker 6: But it's a large percentage of people that are pain

890
00:47:06,120 --> 00:47:07,040
Speaker 6: above asking right now.

891
00:47:07,520 --> 00:47:09,160
Speaker 2: Let me let me, let me let me do this, Ken,

892
00:47:09,160 --> 00:47:11,200
Speaker 2: because I know a lot of people have hard money questions.

893
00:47:11,239 --> 00:47:13,640
Speaker 2: But I want to because we got a kind of

894
00:47:13,640 --> 00:47:17,839
Speaker 2: a strict time frame. But no, it's all good. I

895
00:47:17,840 --> 00:47:20,000
Speaker 2: appreciate that. But if we could, I just want to

896
00:47:20,080 --> 00:47:21,799
Speaker 2: let Matt speak so I can just make sure that

897
00:47:21,800 --> 00:47:24,520
Speaker 2: Matt has some time to speak before before we get

898
00:47:24,560 --> 00:47:25,080
Speaker 2: to the Q and A.

899
00:47:25,120 --> 00:47:30,680
Speaker 6: If that's yeah, no, absolutely all right, So what up?

900
00:47:30,719 --> 00:47:31,360
Speaker 2: What up? Y'all?

901
00:47:31,680 --> 00:47:34,040
Speaker 6: First of all, big shout out to all the earnest.

902
00:47:34,760 --> 00:47:36,960
Speaker 6: I can't see y'all chat in the zoom man, but

903
00:47:37,080 --> 00:47:39,560
Speaker 6: you already know how we do. I love y'all. And

904
00:47:39,680 --> 00:47:42,080
Speaker 6: second thing is, everybody on YouTube, y'all need to go

905
00:47:42,120 --> 00:47:44,799
Speaker 6: ahead and like this video. There's not enough likes on

906
00:47:44,800 --> 00:47:47,200
Speaker 6: this video and it's been a lot of information so far.

907
00:47:47,400 --> 00:47:51,120
Speaker 6: So show earn your Lisia some love. Spread this to

908
00:47:51,160 --> 00:47:55,600
Speaker 6: the community. Like the dad on video. Please keV move

909
00:47:55,680 --> 00:47:59,280
Speaker 6: your move your slides, bro, stop hit stop sharing?

910
00:48:00,120 --> 00:48:02,600
Speaker 2: How do I do resume? Share? Yeah?

911
00:48:02,640 --> 00:48:03,360
Speaker 6: He stop sharing?

912
00:48:08,120 --> 00:48:08,760
Speaker 5: Stop sharing?

913
00:48:08,840 --> 00:48:10,719
Speaker 6: Okay, go there you go? All right, there you go,

914
00:48:10,760 --> 00:48:13,439
Speaker 6: there you go. So all right, So what I'm gonna

915
00:48:13,440 --> 00:48:16,080
Speaker 6: do is I'm gonna just piggyback off of kind of

916
00:48:16,160 --> 00:48:20,399
Speaker 6: everything that Jose was saying and Kevin just to kind

917
00:48:20,400 --> 00:48:23,719
Speaker 6: of summ it up into the conventional world. So, as

918
00:48:24,560 --> 00:48:29,120
Speaker 6: Jose was saying about credit, credit is extremely important in

919
00:48:29,160 --> 00:48:32,160
Speaker 6: the mortgage world, especially now coming off of COVID nineteen.

920
00:48:32,360 --> 00:48:36,920
Speaker 6: The pandemic is pretty much over America's reopening, so you

921
00:48:37,040 --> 00:48:40,160
Speaker 6: got to make sure your credit is tight. Student loans,

922
00:48:40,160 --> 00:48:44,880
Speaker 6: everybody's talking about student loans, student loans, they and forbearance. Unfortunately,

923
00:48:45,080 --> 00:48:48,239
Speaker 6: if your student loans are in forbearance or deferred and

924
00:48:48,280 --> 00:48:51,520
Speaker 6: you're going with FAHA, then the lender is going to

925
00:48:51,640 --> 00:48:56,120
Speaker 6: use one percent of your balance to include into your

926
00:48:56,160 --> 00:48:58,840
Speaker 6: debt to income ratio. So remember this, guys. If you

927
00:48:58,960 --> 00:49:01,200
Speaker 6: got let's just do e Z numbers one hundred k

928
00:49:01,400 --> 00:49:04,560
Speaker 6: and student loan balances, one percent of that is one

929
00:49:04,600 --> 00:49:09,080
Speaker 6: thousand dollars and that's what the lender is going to use. Now,

930
00:49:09,120 --> 00:49:12,920
Speaker 6: what people don't realize is conventional loans do not have

931
00:49:12,960 --> 00:49:17,279
Speaker 6: the same guidelines. Conventional loans will accept your payment if

932
00:49:17,320 --> 00:49:20,920
Speaker 6: you're in an income base for payment plan and that payment,

933
00:49:21,480 --> 00:49:23,600
Speaker 6: you know, you get a letter from your student loan

934
00:49:23,640 --> 00:49:26,720
Speaker 6: company showing that your payment is five dollars, ten dollars,

935
00:49:26,760 --> 00:49:31,160
Speaker 6: fifty dollars, whatever it is. On a conventional mortgage, we

936
00:49:31,280 --> 00:49:34,000
Speaker 6: will use that payment. So a lot of people always

937
00:49:34,040 --> 00:49:37,240
Speaker 6: say student loans are hindering them from buying real estate,

938
00:49:37,680 --> 00:49:40,000
Speaker 6: and it's not. It does you know, I'm not going

939
00:49:40,080 --> 00:49:41,640
Speaker 6: to try to make light of it. It does if

940
00:49:41,680 --> 00:49:44,759
Speaker 6: you're going FHA. But the flip side of that is

941
00:49:44,800 --> 00:49:47,360
Speaker 6: you have to go conventional if you can qualify for

942
00:49:47,440 --> 00:49:51,000
Speaker 6: a conventional loan. So I want everybody and all the earners,

943
00:49:51,320 --> 00:49:55,000
Speaker 6: all the YouTubers right now to really understand if you

944
00:49:55,120 --> 00:49:58,640
Speaker 6: have student loans at your lender, if you can get

945
00:49:58,680 --> 00:50:03,520
Speaker 6: approved for conventional mortgage versus an FAHA mortgage. Right that's

946
00:50:03,600 --> 00:50:07,279
Speaker 6: number one. Number two, If you guys are participating in

947
00:50:07,320 --> 00:50:11,400
Speaker 6: any sort of credit repair, make sure that your credit

948
00:50:11,440 --> 00:50:15,680
Speaker 6: repair is completed before you apply for a loan. Reason being,

949
00:50:15,840 --> 00:50:20,279
Speaker 6: most credit repair companies are disputing these liabilities on your

950
00:50:20,280 --> 00:50:23,000
Speaker 6: credit report, So when a lender pulls your credit report,

951
00:50:23,080 --> 00:50:26,120
Speaker 6: it's going to show you know your American Express is

952
00:50:26,200 --> 00:50:29,520
Speaker 6: currently in dispute. That's going to be the language that's

953
00:50:29,520 --> 00:50:34,319
Speaker 6: on your credit report. Lenders, per the guidelines Fanny made

954
00:50:34,320 --> 00:50:39,560
Speaker 6: Freddie mac Fhava, they cannot lend to someone who's dispute

955
00:50:39,560 --> 00:50:43,200
Speaker 6: and actively disputing their trade lines. So what you have

956
00:50:43,280 --> 00:50:46,240
Speaker 6: to do is resolve those disputes, and then the lender

957
00:50:46,280 --> 00:50:49,440
Speaker 6: has to repull your credit again, which will result in

958
00:50:49,480 --> 00:50:53,840
Speaker 6: a second hard pull, which can ultimately lower your credit scores.

959
00:50:54,320 --> 00:50:57,040
Speaker 6: So I see this a lot all the time people

960
00:50:57,080 --> 00:51:00,840
Speaker 6: be in the middle of doing their credit repair. They're

961
00:51:00,880 --> 00:51:03,600
Speaker 6: in the beginning the middle, and they're so eager because

962
00:51:03,600 --> 00:51:06,600
Speaker 6: their scores might have jumped up, you know, twenty thirty

963
00:51:06,680 --> 00:51:10,319
Speaker 6: fifty points and they want to go execute. Great, but

964
00:51:10,400 --> 00:51:15,279
Speaker 6: you have to finish out your credit repair either. Just

965
00:51:15,320 --> 00:51:18,000
Speaker 6: tell your credit repair God to end the disputes and

966
00:51:18,040 --> 00:51:20,799
Speaker 6: resolve them so then you can go ahead and run

967
00:51:20,840 --> 00:51:24,640
Speaker 6: your credit. So people are making big mistakes by having

968
00:51:24,680 --> 00:51:28,879
Speaker 6: double credit polls, you know, within a thirty period third

969
00:51:28,960 --> 00:51:31,000
Speaker 6: over a thirty day period time, and then it drops

970
00:51:31,040 --> 00:51:33,640
Speaker 6: their scores back down. I see this shit happen all

971
00:51:33,719 --> 00:51:36,719
Speaker 6: the time, fellas, all the time. So please with student loans, God,

972
00:51:36,760 --> 00:51:38,799
Speaker 6: I mean I saw the loans with credit repair. Just

973
00:51:38,880 --> 00:51:45,680
Speaker 6: make sure your liabilities are done with the dispute right now.

974
00:51:46,600 --> 00:51:50,879
Speaker 6: But obviously, with credit scores five eighty FHA six point

975
00:51:50,880 --> 00:51:55,200
Speaker 6: twenty with conventional five eighty with VA loans is the

976
00:51:55,239 --> 00:51:59,680
Speaker 6: minimum credit scores nationwide pretty much, some lenders will have

977
00:51:59,760 --> 00:52:03,400
Speaker 6: over on top of that overlay is basically when the

978
00:52:03,440 --> 00:52:07,480
Speaker 6: bank the lender will put their own guidelines on top

979
00:52:07,560 --> 00:52:12,760
Speaker 6: of what the government guidelines are. All right, So actual

980
00:52:12,960 --> 00:52:15,880
Speaker 6: if your lender is telling you that you need a

981
00:52:15,960 --> 00:52:20,160
Speaker 6: higher credit score, then you must ask them automatically what

982
00:52:20,239 --> 00:52:23,840
Speaker 6: other overlays do you have with your lending programs? Because

983
00:52:23,880 --> 00:52:26,360
Speaker 6: that lender might not be the lender for you because

984
00:52:26,400 --> 00:52:30,960
Speaker 6: they might have they might be more restrictive. You know me, personally,

985
00:52:31,080 --> 00:52:33,680
Speaker 6: I follow the guidelines, the agency guidelines to a t.

986
00:52:33,920 --> 00:52:37,040
Speaker 6: We have no overlays. So whatever we can get an

987
00:52:37,120 --> 00:52:42,440
Speaker 6: automated underwriting approval from from Desktop Underwriting aka DU, we

988
00:52:42,560 --> 00:52:46,200
Speaker 6: will lend all right, but make sure you guys find

989
00:52:46,200 --> 00:52:48,480
Speaker 6: that out. Now, let's talk a little bit about loans.

990
00:52:48,480 --> 00:52:52,080
Speaker 6: Since Kevin was talking about hard money, fixing, flipping, things

991
00:52:52,160 --> 00:52:55,280
Speaker 6: of that nature, let's talk a little about rehab loans.

992
00:52:55,360 --> 00:52:55,520
Speaker 2: Right.

993
00:52:55,560 --> 00:52:58,000
Speaker 6: We got the Homebuys Blueprint volume too, which is the

994
00:52:58,080 --> 00:53:01,080
Speaker 6: number one The Homebise Blue Prince series, first of all,

995
00:53:01,120 --> 00:53:03,840
Speaker 6: is the number one freaking series of home buying in

996
00:53:04,239 --> 00:53:05,880
Speaker 6: the world. Let me just tell you all that it

997
00:53:05,960 --> 00:53:08,520
Speaker 6: is the absolute biggest, right. It's keeping up with the

998
00:53:08,560 --> 00:53:12,359
Speaker 6: brand model of the biggest, Right. Everything we do over

999
00:53:12,400 --> 00:53:15,080
Speaker 6: here is the biggest, and everybody who has the Bloomprint

1000
00:53:15,080 --> 00:53:19,680
Speaker 6: will attest to this. The information is almost free and priceless. Right,

1001
00:53:20,239 --> 00:53:26,640
Speaker 6: But let's talk about ADUs accessory dwelling units. A lot

1002
00:53:26,680 --> 00:53:30,000
Speaker 6: of us talk We always talk about multifamilies, right, We

1003
00:53:30,080 --> 00:53:32,799
Speaker 6: talk about house hacking all the time. But what people

1004
00:53:32,880 --> 00:53:36,000
Speaker 6: don't realize is that a lot of states are very

1005
00:53:36,080 --> 00:53:41,920
Speaker 6: ADU friendly, places like California, for example, because there's housing shortage,

1006
00:53:41,960 --> 00:53:45,000
Speaker 6: there's not enough homes for the people that need them.

1007
00:53:45,480 --> 00:53:49,920
Speaker 6: So what ADU is basically, think about your garage. The

1008
00:53:50,440 --> 00:53:54,720
Speaker 6: California will allow you to turn your garage into until

1009
00:53:55,120 --> 00:53:58,960
Speaker 6: an apartment, right, and so it's a legal single family

1010
00:53:59,360 --> 00:54:01,719
Speaker 6: with an assess three dwelling unit. Here in New York

1011
00:54:01,719 --> 00:54:06,040
Speaker 6: fellas we call those mother daughters, right, But everywhere else

1012
00:54:06,160 --> 00:54:09,680
Speaker 6: is more assessed dwelling units. You can use a Fanny

1013
00:54:09,719 --> 00:54:15,040
Speaker 6: May homestyle loan to convert your garage, your basement into

1014
00:54:15,080 --> 00:54:18,840
Speaker 6: this ADU unit, and now you can house hack legally,

1015
00:54:19,440 --> 00:54:23,200
Speaker 6: and Fanny May will allow you to use the rental income,

1016
00:54:23,920 --> 00:54:27,080
Speaker 6: the potential rental income from your ADU to help you

1017
00:54:27,200 --> 00:54:31,719
Speaker 6: qualify as well. People don't really understand the value in

1018
00:54:31,760 --> 00:54:36,640
Speaker 6: that because most markets don't have duplexes, don't have three families,

1019
00:54:36,680 --> 00:54:39,480
Speaker 6: don't have four families like they do here in the Northeast.

1020
00:54:40,040 --> 00:54:43,480
Speaker 6: So I want everyone who's listening listening to this to

1021
00:54:43,600 --> 00:54:46,720
Speaker 6: understand you you can house hack with a single family. Also,

1022
00:54:47,360 --> 00:54:49,400
Speaker 6: buying a single family is not the worst thing in

1023
00:54:49,440 --> 00:54:51,919
Speaker 6: the world, unlike a lot of people like to talk

1024
00:54:51,960 --> 00:54:55,320
Speaker 6: about on social media they say, it's not an asset.

1025
00:54:55,600 --> 00:54:59,040
Speaker 6: But with a Fanny made home style renovation loan, if

1026
00:54:59,080 --> 00:55:01,880
Speaker 6: you don't have those funds, you can use this product

1027
00:55:02,360 --> 00:55:05,680
Speaker 6: to house hack your single family. If your state or

1028
00:55:05,760 --> 00:55:11,279
Speaker 6: county will allow you to legally convert you know, your

1029
00:55:11,280 --> 00:55:14,640
Speaker 6: basement or your garage into an ad U. Hell, you

1030
00:55:14,640 --> 00:55:16,920
Speaker 6: don't even need a garage. In some cases, they'll allow

1031
00:55:16,960 --> 00:55:21,120
Speaker 6: you to build a brand new structure also and there'll

1032
00:55:21,160 --> 00:55:22,640
Speaker 6: be an ADU. And you can do that with a

1033
00:55:22,680 --> 00:55:25,360
Speaker 6: family made homestyle loan too. So I want everybody to

1034
00:55:25,440 --> 00:55:29,839
Speaker 6: really understand the value of these ADUs. They're becoming very

1035
00:55:29,880 --> 00:55:34,360
Speaker 6: popular all over the country. So folks, look, do your research,

1036
00:55:34,440 --> 00:55:37,520
Speaker 6: do your due diligence, as we always say, see if

1037
00:55:37,560 --> 00:55:40,440
Speaker 6: your town and your city will allow it. But rehab

1038
00:55:40,560 --> 00:55:42,960
Speaker 6: loans is where I want you guys to focus on.

1039
00:55:44,200 --> 00:55:47,759
Speaker 2: That's an insta Instagram clip. You know.

1040
00:55:47,800 --> 00:55:50,160
Speaker 6: I was thinking that when you when when I was

1041
00:55:50,160 --> 00:55:51,680
Speaker 6: saying it, I was like, I want to shot these

1042
00:55:51,719 --> 00:55:52,960
Speaker 6: writing down the tom stamps.

1043
00:55:53,920 --> 00:55:56,520
Speaker 2: I definitely I wrote it down fifty minutes into the conversations.

1044
00:55:56,600 --> 00:56:02,480
Speaker 6: Instagram shout out to the clips. Let go viral. But yeah,

1045
00:56:02,520 --> 00:56:06,520
Speaker 6: eighty users where it's at. Faany Mad Homestyle Rehab Loans

1046
00:56:06,600 --> 00:56:10,120
Speaker 6: is a great product to use. You can use homestyle

1047
00:56:10,160 --> 00:56:14,680
Speaker 6: renovation with single family properties. You can buy vacation homes

1048
00:56:14,960 --> 00:56:18,920
Speaker 6: and fix them up with Fany Made Homestyle. You can

1049
00:56:18,960 --> 00:56:23,520
Speaker 6: buy investment properties with fany May Homestyle Renovation loan. Now,

1050
00:56:23,560 --> 00:56:26,279
Speaker 6: second homes are not multi family, guys, because I know

1051
00:56:26,320 --> 00:56:27,600
Speaker 6: some of you're going to ask that, well, can I

1052
00:56:27,640 --> 00:56:30,640
Speaker 6: buy a four family that's a second home? No, you

1053
00:56:30,680 --> 00:56:33,440
Speaker 6: cannot buy a multi family and use it as a

1054
00:56:33,440 --> 00:56:35,480
Speaker 6: second home. You can buy one family. So when you

1055
00:56:35,520 --> 00:56:37,759
Speaker 6: think about second homes, think about my guys are in

1056
00:56:37,760 --> 00:56:40,920
Speaker 6: Miami right now. Think about buying a condo in Miami

1057
00:56:41,160 --> 00:56:43,040
Speaker 6: where you can go visit and have a good time

1058
00:56:43,080 --> 00:56:44,839
Speaker 6: and you can stay in your condo. But now when

1059
00:56:44,880 --> 00:56:46,600
Speaker 6: you go back to New York or wherever you're from,

1060
00:56:46,640 --> 00:56:49,480
Speaker 6: you can now airbnb it. You can use this loan,

1061
00:56:49,560 --> 00:56:52,560
Speaker 6: put ten percent down and get one hundred percent of

1062
00:56:52,640 --> 00:56:56,480
Speaker 6: your rehab course. You can buy a one family investment

1063
00:56:56,560 --> 00:57:00,239
Speaker 6: property using this family made homestyle renovation loan. Also, so

1064
00:57:00,239 --> 00:57:02,080
Speaker 6: if you want to go buy something in Cleveland, there's

1065
00:57:02,080 --> 00:57:04,040
Speaker 6: a lot of hard money lenders that won't even touch

1066
00:57:04,080 --> 00:57:08,080
Speaker 6: anything under one hundred k. Well, Fanni May technically doesn't

1067
00:57:08,080 --> 00:57:11,360
Speaker 6: have a minimum loan amount. Lenders now will cap you.

1068
00:57:11,880 --> 00:57:15,720
Speaker 6: But I've seen and I've done deal's fifty thousand, sixty thousand,

1069
00:57:15,760 --> 00:57:18,800
Speaker 6: seventy thousand, and forty thousand with us in a fany

1070
00:57:18,800 --> 00:57:21,640
Speaker 6: made homestyle renovation loan too. So for those of you

1071
00:57:21,680 --> 00:57:24,960
Speaker 6: folks who are trying to buy any smaller markets, don't

1072
00:57:25,000 --> 00:57:30,000
Speaker 6: discount this product. Now you can get one hundred percent

1073
00:57:30,040 --> 00:57:34,680
Speaker 6: of rehab and there's no experience required, which is the

1074
00:57:34,840 --> 00:57:37,680
Speaker 6: beautiful thing about these loans. See, well, hard money loans,

1075
00:57:37,720 --> 00:57:40,600
Speaker 6: like Kevin was discussing earlier, you have to if you

1076
00:57:40,680 --> 00:57:44,439
Speaker 6: want the higher finance and ten percent down fifteen percent down,

1077
00:57:44,800 --> 00:57:47,720
Speaker 6: you have to have experience. If you don't have that experience,

1078
00:57:47,960 --> 00:57:50,960
Speaker 6: they're going to require twenty probably to thirty percent down,

1079
00:57:51,040 --> 00:57:53,160
Speaker 6: just depending on a deal and depending on you and

1080
00:57:53,200 --> 00:57:56,560
Speaker 6: your credit and everything like that. With these loans, you

1081
00:57:56,640 --> 00:57:59,120
Speaker 6: don't need any experience. You just need to be able

1082
00:57:59,120 --> 00:58:02,440
Speaker 6: to qualify from a debt to income racial perspective. And

1083
00:58:02,480 --> 00:58:05,120
Speaker 6: then when you close and you finish your rehab, guess what,

1084
00:58:05,440 --> 00:58:07,440
Speaker 6: you got a deal under your belt. So now when

1085
00:58:07,440 --> 00:58:10,080
Speaker 6: you go to Kevin, you'll be able to say, hey,

1086
00:58:10,080 --> 00:58:13,240
Speaker 6: here's my settlement statement from my deal that I just rehabbed,

1087
00:58:13,280 --> 00:58:15,560
Speaker 6: and now it's my rent tool, it's my flip. Now

1088
00:58:15,600 --> 00:58:18,120
Speaker 6: you have a deal under your belt, and you leverage

1089
00:58:18,360 --> 00:58:21,800
Speaker 6: your personal credit, your personal income, and you got yourself

1090
00:58:21,800 --> 00:58:24,560
Speaker 6: in the game. So don't now, I want to say this,

1091
00:58:24,640 --> 00:58:26,240
Speaker 6: it's not going to be as quick as hard money.

1092
00:58:27,440 --> 00:58:29,520
Speaker 6: You got to have your ducks in a row, right,

1093
00:58:29,560 --> 00:58:31,960
Speaker 6: And that's what the Homebuys Blueprint Volume two is going

1094
00:58:32,000 --> 00:58:34,000
Speaker 6: to teach you how to get your ducks in a row,

1095
00:58:34,240 --> 00:58:37,680
Speaker 6: how to get these deals closed thirty forty five days.

1096
00:58:37,800 --> 00:58:40,360
Speaker 6: They can't take longer if you don't have your ducks

1097
00:58:40,360 --> 00:58:42,160
Speaker 6: in a row. But that was the whole purpose of

1098
00:58:42,280 --> 00:58:45,080
Speaker 6: Volume two was to teach you guys, how to go

1099
00:58:45,120 --> 00:58:49,280
Speaker 6: out there in today's competitive salers market where seventy percent

1100
00:58:49,280 --> 00:58:51,000
Speaker 6: of the people that I'm doing loans for are paying

1101
00:58:51,040 --> 00:58:54,360
Speaker 6: above asking, where I'm trying to flip your mindset to say,

1102
00:58:54,440 --> 00:58:58,840
Speaker 6: think like the investor, understand the seventy percent rule that

1103
00:58:58,880 --> 00:59:01,800
Speaker 6: hard money lenders are going to use. You can you

1104
00:59:01,880 --> 00:59:05,680
Speaker 6: can compete with these investors because of them, ninety five

1105
00:59:05,720 --> 00:59:07,520
Speaker 6: percent of them are not going to go above seventy

1106
00:59:07,560 --> 00:59:11,440
Speaker 6: percent ARV. ARV is after renovative value. For those of

1107
00:59:11,480 --> 00:59:13,720
Speaker 6: you who don't know, most of them are going to

1108
00:59:13,760 --> 00:59:16,400
Speaker 6: stay below that because they want to get financed. But you,

1109
00:59:16,600 --> 00:59:19,240
Speaker 6: as a home buyer that's gonna live in the house

1110
00:59:19,720 --> 00:59:24,440
Speaker 6: or buy an airbnb for for vacation purposes, right, you

1111
00:59:24,480 --> 00:59:27,760
Speaker 6: can go to eighty percent ARV and outbid them every

1112
00:59:27,840 --> 00:59:30,560
Speaker 6: day and walk into your property with twenty percent equity

1113
00:59:30,920 --> 00:59:34,360
Speaker 6: if you know the game. So the home Buyers Blueprint,

1114
00:59:34,440 --> 00:59:37,040
Speaker 6: Volume two is what you guys need. You need it,

1115
00:59:37,240 --> 00:59:39,120
Speaker 6: you need it, and I'm telling you it's gonna save

1116
00:59:39,160 --> 00:59:40,680
Speaker 6: you a ton of money. I know I'll keep going

1117
00:59:40,720 --> 00:59:43,400
Speaker 6: on and on, but like we here for a reason

1118
00:59:43,440 --> 00:59:44,959
Speaker 6: and purpose, baby, y'all need.

1119
00:59:44,880 --> 00:59:47,479
Speaker 2: To get with the program real quick.

1120
00:59:47,600 --> 00:59:49,880
Speaker 10: They made it can be used for one of four

1121
00:59:49,920 --> 00:59:52,400
Speaker 10: families condos and co ops correction.

1122
00:59:52,480 --> 00:59:57,160
Speaker 6: So one to four family. See Troy been taking it,

1123
00:59:57,280 --> 01:00:01,240
Speaker 6: so one to four families condos, any move Fanny may

1124
01:00:01,240 --> 01:00:04,040
Speaker 6: approve co ops so now with condos and co ops,

1125
01:00:04,080 --> 01:00:08,360
Speaker 6: you can't do any exterior renovations because you can't. Right,

1126
01:00:08,440 --> 01:00:14,440
Speaker 6: you can only renovate what's in the area of the property.

1127
01:00:15,480 --> 01:00:18,439
Speaker 6: But yeah you can with multi families with that program,

1128
01:00:18,560 --> 01:00:20,480
Speaker 6: but again it has to be your primary residence for

1129
01:00:20,560 --> 01:00:21,280
Speaker 6: multi families.

1130
01:00:23,080 --> 01:00:25,800
Speaker 2: That's a vibe. I only know because I went through

1131
01:00:25,840 --> 01:00:26,560
Speaker 2: the cross my brother.

1132
01:00:27,720 --> 01:00:29,920
Speaker 6: I know you sound. You sound very educated over there,

1133
01:00:30,000 --> 01:00:30,520
Speaker 6: my brother.

1134
01:00:33,440 --> 01:00:35,160
Speaker 2: Best in the business. So we gonna open up the

1135
01:00:35,200 --> 01:00:39,680
Speaker 2: question answer before Before we do that, Kevin, because I

1136
01:00:39,680 --> 01:00:41,480
Speaker 2: had to cut you short, I want to give you

1137
01:00:41,520 --> 01:00:43,720
Speaker 2: opportunity to tell your information because a lot of people

1138
01:00:43,720 --> 01:00:46,960
Speaker 2: will probably we'll let you say at the end. Two,

1139
01:00:47,040 --> 01:00:49,960
Speaker 2: but how like, what's your company's name? How can it

1140
01:00:50,040 --> 01:00:52,560
Speaker 2: contact you? Because I see some people on YouTube like

1141
01:00:52,560 --> 01:00:54,560
Speaker 2: they want to get some information on hard money loans.

1142
01:00:54,600 --> 01:00:56,840
Speaker 2: That's another advantage of being at Eyo University. All of

1143
01:00:56,840 --> 01:01:00,400
Speaker 2: our resources become everybody else's resources. So yeah, we'll push

1144
01:01:00,440 --> 01:01:01,080
Speaker 2: your information.

1145
01:01:01,840 --> 01:01:04,360
Speaker 5: So the name of the firm is GO Realty Capital Partners,

1146
01:01:05,120 --> 01:01:09,880
Speaker 5: based a forty five Rockefeller Center, New York. Our numbers

1147
01:01:09,880 --> 01:01:15,240
Speaker 5: two one, two seven, nine six five four zero five

1148
01:01:15,640 --> 01:01:20,160
Speaker 5: and email is a great way to contact us our

1149
01:01:20,200 --> 01:01:25,320
Speaker 5: email addresses loans l O A n s at go

1150
01:01:26,160 --> 01:01:31,200
Speaker 5: realty cap dot com.

1151
01:01:31,240 --> 01:01:34,360
Speaker 2: There you have it, all right, and Jose, I appreciate

1152
01:01:34,360 --> 01:01:37,800
Speaker 2: the super chat. Yeah, very gracious of you. Thank you,

1153
01:01:37,880 --> 01:01:42,000
Speaker 2: appreciate you all right. So this is the second part

1154
01:01:42,040 --> 01:01:45,920
Speaker 2: of Eyo University. Another thing that that we do is

1155
01:01:46,440 --> 01:01:50,600
Speaker 2: so this is how the classes usually run. The presenters present,

1156
01:01:51,200 --> 01:01:53,920
Speaker 2: and then after that is Q and A and to me,

1157
01:01:54,080 --> 01:01:56,200
Speaker 2: this is the best part of the whole presentation because

1158
01:01:56,200 --> 01:01:58,560
Speaker 2: it's like people ask all the time. What's differ between

1159
01:01:58,560 --> 01:02:00,480
Speaker 2: EUIL University and just the regular POE as well. The

1160
01:02:00,480 --> 01:02:03,280
Speaker 2: regular podcast is just watching people give information, which is

1161
01:02:03,320 --> 01:02:06,920
Speaker 2: extremely powerful. But a lot of times people have personalized questions.

1162
01:02:07,080 --> 01:02:09,440
Speaker 2: And what happens is that people go on to dms

1163
01:02:09,720 --> 01:02:11,560
Speaker 2: and after they come on the podcast, they got three

1164
01:02:11,600 --> 01:02:13,680
Speaker 2: million dms, so they might be able to answer you back,

1165
01:02:13,720 --> 01:02:16,280
Speaker 2: but they probably don't have an opportunity to answer you back.

1166
01:02:16,680 --> 01:02:19,720
Speaker 2: So Eyo University another benefit is that you actually, you know,

1167
01:02:19,760 --> 01:02:21,680
Speaker 2: it's kind of like a classroom situation where you get

1168
01:02:21,680 --> 01:02:26,240
Speaker 2: to raise your hand and ask questions. So this is

1169
01:02:26,240 --> 01:02:28,800
Speaker 2: the second part of the presentation where we're going to

1170
01:02:28,880 --> 01:02:31,760
Speaker 2: go Q and A and everybody that you see on

1171
01:02:31,760 --> 01:02:33,720
Speaker 2: the zoom their members of EIU universitys wanting to get

1172
01:02:33,760 --> 01:02:35,520
Speaker 2: to ask questions. So once again before we go to

1173
01:02:35,520 --> 01:02:38,240
Speaker 2: the Q and A, if you're interested in joining, Eyo

1174
01:02:38,320 --> 01:02:41,560
Speaker 2: University currently have a limited time only sales sixty percent

1175
01:02:41,640 --> 01:02:44,800
Speaker 2: off and that includes the home by Blueprint buying one

1176
01:02:45,000 --> 01:02:49,200
Speaker 2: over one hundred past classes, weekly webinars, twenty Infinity groups,

1177
01:02:49,200 --> 01:02:53,320
Speaker 2: including our Crypto Club, which is the hottest industreets right now.

1178
01:02:53,480 --> 01:02:56,680
Speaker 2: Shout out to Alistair, Monthly financial planning calls with me,

1179
01:02:56,880 --> 01:02:59,040
Speaker 2: access to our private Facebook group with over eighty five

1180
01:02:59,120 --> 01:03:04,840
Speaker 2: hundred people, book Club, Movie Club, monthly group chat that's

1181
01:03:04,880 --> 01:03:07,680
Speaker 2: with me and Troy, and then we bring different people on.

1182
01:03:08,400 --> 01:03:10,600
Speaker 2: This week, we brought the president of the Crypto Club,

1183
01:03:10,600 --> 01:03:14,760
Speaker 2: Alistair on, and we also brought the latest Eile alumnis

1184
01:03:15,520 --> 01:03:16,280
Speaker 2: on Chic Code.

1185
01:03:16,360 --> 01:03:16,560
Speaker 7: Yeah.

1186
01:03:16,600 --> 01:03:19,600
Speaker 2: Shout out to them, Shout out to Jahu and shout

1187
01:03:19,600 --> 01:03:22,720
Speaker 2: out to Francis. They came on. They broke down charts.

1188
01:03:22,720 --> 01:03:25,800
Speaker 2: They've been on pretty much every call. Yeah. So we

1189
01:03:25,840 --> 01:03:28,120
Speaker 2: talk about the plays that we're making in our portfolio,

1190
01:03:28,440 --> 01:03:30,760
Speaker 2: but more importantly, we break down charts and kind of

1191
01:03:30,760 --> 01:03:32,920
Speaker 2: give some different detailed valuations for that.

1192
01:03:33,000 --> 01:03:34,640
Speaker 4: The craziest part is if they were in the chat

1193
01:03:34,760 --> 01:03:36,800
Speaker 4: last week and they made some of the plays that

1194
01:03:36,840 --> 01:03:39,280
Speaker 4: we said, they're probably up like fifty percent.

1195
01:03:39,320 --> 01:03:40,960
Speaker 2: So shot everybody that was in the chat. Yeah, that

1196
01:03:41,040 --> 01:03:44,200
Speaker 2: was crazy. Join Eyo University if you are interested in

1197
01:03:44,440 --> 01:03:46,880
Speaker 2: taking your education to the next level and being part

1198
01:03:46,880 --> 01:03:49,160
Speaker 2: of a community. It's not a get rich quick thing.

1199
01:03:49,560 --> 01:03:52,840
Speaker 2: It's not a course. No disrespect to anybody that has courses,

1200
01:03:52,840 --> 01:03:55,360
Speaker 2: but our thing is different. It's an institution where people

1201
01:03:56,000 --> 01:03:59,080
Speaker 2: is built after the school. So we have meetups. We

1202
01:03:59,160 --> 01:04:01,480
Speaker 2: have private meeting up in la provably meet up in Atlanta,

1203
01:04:01,760 --> 01:04:03,640
Speaker 2: we have we're having a private meet up in London

1204
01:04:03,760 --> 01:04:07,120
Speaker 2: for our UK earnest. We have Infinity groups, we have

1205
01:04:07,160 --> 01:04:09,480
Speaker 2: a book club, movie club. So it's not something that

1206
01:04:09,520 --> 01:04:12,000
Speaker 2: you're just going to just do one weekend and your

1207
01:04:12,000 --> 01:04:14,439
Speaker 2: whole life changes. It's for people that's really serious about

1208
01:04:14,440 --> 01:04:17,800
Speaker 2: the education, that's looking to work, that's looking to network

1209
01:04:18,120 --> 01:04:20,640
Speaker 2: and really build the community. So that's what we that's

1210
01:04:20,680 --> 01:04:26,520
Speaker 2: what the Eyo University is. So let's all let's let's

1211
01:04:26,600 --> 01:04:28,840
Speaker 2: jump into it. Let's let's see question, let's see what

1212
01:04:28,840 --> 01:04:30,320
Speaker 2: we got. I've been on the road, I've been in two

1213
01:04:30,320 --> 01:04:33,000
Speaker 2: months with no name drops. So let's go to Trey

1214
01:04:33,080 --> 01:04:35,600
Speaker 2: real Estate. We come to you. Mute the stuff. You've

1215
01:04:35,600 --> 01:04:41,120
Speaker 2: been unmuted. What's going on? Shout out the trade?

1216
01:04:41,200 --> 01:04:46,520
Speaker 6: Oh Trey, no bathroom breaks, playboy Nah, no Fridz braks either.

1217
01:04:46,560 --> 01:04:48,760
Speaker 2: And if you have the ice trade machine five for

1218
01:04:49,120 --> 01:04:53,200
Speaker 2: really a three two one going He's going, Alima, we

1219
01:04:53,280 --> 01:04:55,000
Speaker 2: coming to you on mute your self. You've been unmuted.

1220
01:04:56,360 --> 01:04:58,720
Speaker 8: Hi, guys, that's what I'm talking about.

1221
01:04:59,160 --> 01:05:00,000
Speaker 2: How are you?

1222
01:05:00,320 --> 01:05:05,200
Speaker 11: I'm good? My question is for Jose credit dude. So

1223
01:05:05,280 --> 01:05:09,360
Speaker 11: my question, I'm trying to up my credit. I don't

1224
01:05:09,400 --> 01:05:12,600
Speaker 11: have any like anything written off, anything like that. My

1225
01:05:12,680 --> 01:05:17,720
Speaker 11: credits that have too much. So I have two almost maxed.

1226
01:05:17,440 --> 01:05:20,080
Speaker 12: Out credit cards and a card lead.

1227
01:05:20,880 --> 01:05:25,000
Speaker 11: So do you recommend me opening two more credit cards

1228
01:05:25,080 --> 01:05:28,680
Speaker 11: just to off balance the the usage while I.

1229
01:05:28,720 --> 01:05:31,320
Speaker 13: Pay down the higher credit cards?

1230
01:05:31,520 --> 01:05:33,360
Speaker 11: Do you think that would have increased it or help?

1231
01:05:35,040 --> 01:05:37,680
Speaker 8: No? Great question. So, being that two of the cards

1232
01:05:37,720 --> 01:05:39,680
Speaker 8: are maxed out, I mean the changes of you're getting

1233
01:05:39,680 --> 01:05:42,760
Speaker 8: approved for another card right now is going to be

1234
01:05:42,960 --> 01:05:46,600
Speaker 8: very slim. If you what I would suggest if you

1235
01:05:46,680 --> 01:05:48,560
Speaker 8: are going to apply for anything, is I would I

1236
01:05:48,560 --> 01:05:52,560
Speaker 8: would suggest applying for a personal loan if you can

1237
01:05:52,600 --> 01:05:55,160
Speaker 8: get it, depending on the balance of the cards, because

1238
01:05:55,160 --> 01:05:56,439
Speaker 8: you're going to get it if you're if you're trying

1239
01:05:56,440 --> 01:05:58,200
Speaker 8: to apply for a credit card, you're going to get

1240
01:05:58,200 --> 01:06:00,960
Speaker 8: an inquiry either way. So I would definitely try to

1241
01:06:01,000 --> 01:06:04,480
Speaker 8: get either approved for a loan or just pay down

1242
01:06:04,520 --> 01:06:06,560
Speaker 8: your credit cards, you know, as much as you can,

1243
01:06:06,600 --> 01:06:09,640
Speaker 8: because getting another thing the thing is the way that

1244
01:06:09,680 --> 01:06:13,960
Speaker 8: the utilization works. It works per card and total cards.

1245
01:06:14,240 --> 01:06:16,240
Speaker 8: So if you have two credit cards that are maxed

1246
01:06:16,280 --> 01:06:19,000
Speaker 8: out and you get another one that has a zero balance,

1247
01:06:19,360 --> 01:06:21,320
Speaker 8: you still have two credit cards that are maxed out.

1248
01:06:21,360 --> 01:06:23,320
Speaker 8: So yeah, it's can help the uslation a little bit,

1249
01:06:23,560 --> 01:06:25,280
Speaker 8: but you're still going to have those two maxed out

1250
01:06:25,280 --> 01:06:25,960
Speaker 8: credit cards.

1251
01:06:26,360 --> 01:06:28,720
Speaker 11: So when you I do like like credit Carmon like

1252
01:06:28,880 --> 01:06:31,920
Speaker 11: us said, don't do. But they always recommend those personal loans.

1253
01:06:31,920 --> 01:06:34,680
Speaker 11: Do you recommend those? I would see they always say

1254
01:06:34,680 --> 01:06:36,480
Speaker 11: offering one, I never take it.

1255
01:06:37,080 --> 01:06:39,520
Speaker 8: Yes, as long as the interest rate is not really

1256
01:06:39,560 --> 01:06:43,120
Speaker 8: over thirteen percent, that's pretty much the guideline. There are

1257
01:06:43,120 --> 01:06:45,320
Speaker 8: a lot of loan companies out there, I mean credit unions,

1258
01:06:45,320 --> 01:06:48,680
Speaker 8: they're always going to be the best bet. But Credit

1259
01:06:48,760 --> 01:06:50,960
Speaker 8: Carma try to stay away from those personal loans because

1260
01:06:50,960 --> 01:06:54,920
Speaker 8: they used like thirty percent interest rate and then you're

1261
01:06:54,920 --> 01:06:56,560
Speaker 8: gonna end up paying more money at the end of

1262
01:06:56,600 --> 01:06:56,919
Speaker 8: the day.

1263
01:06:57,240 --> 01:06:59,400
Speaker 11: So all right, so get the personal loan, pay off

1264
01:06:59,400 --> 01:07:01,600
Speaker 11: the credit cards, and them back to the personal loans.

1265
01:07:01,600 --> 01:07:03,960
Speaker 8: What you recommend, yep, Because now all you're doing is

1266
01:07:04,000 --> 01:07:07,880
Speaker 8: shifting your your debt from revolving to installment. And even

1267
01:07:07,920 --> 01:07:10,240
Speaker 8: though you're still going to have the same debt, you're

1268
01:07:10,280 --> 01:07:13,200
Speaker 8: shifting your risk as a consumer. So now your credit

1269
01:07:13,200 --> 01:07:15,760
Speaker 8: cards are not matched out, you have a personal loan,

1270
01:07:16,040 --> 01:07:18,000
Speaker 8: and more than likely your payment is going to be lower,

1271
01:07:18,080 --> 01:07:21,440
Speaker 8: which is going to increase your borring power as well.

1272
01:07:22,120 --> 01:07:24,120
Speaker 11: If they would that would be going if they approved me,

1273
01:07:24,280 --> 01:07:27,240
Speaker 11: because okay for the amom that I need. Okay, thank

1274
01:07:27,240 --> 01:07:28,080
Speaker 11: you so much for your help.

1275
01:07:28,560 --> 01:07:34,080
Speaker 2: Thank you, appreciate you. Yeah, yeah, yeah, let's go to Marquis.

1276
01:07:34,080 --> 01:07:36,800
Speaker 2: Marquis be coming to you. Mute yourself, you've been muted.

1277
01:07:36,840 --> 01:07:40,600
Speaker 2: What's going on? Marquees? Uh?

1278
01:07:40,840 --> 01:07:44,480
Speaker 12: I was wondering, uh mg, if if the F A

1279
01:07:44,600 --> 01:07:49,000
Speaker 12: H A two or three K covers rehabilitation, can you

1280
01:07:49,040 --> 01:07:51,919
Speaker 12: also use that? Or are there any first time home

1281
01:07:51,960 --> 01:07:54,560
Speaker 12: buyer loans for people that want to buy way and

1282
01:07:54,560 --> 01:07:55,800
Speaker 12: then build on top of it.

1283
01:07:58,200 --> 01:08:02,959
Speaker 6: First time home program for construction loans loans.

1284
01:08:02,840 --> 01:08:05,400
Speaker 12: Yeah, I'm in Los Angeles and a guy out here

1285
01:08:05,440 --> 01:08:07,760
Speaker 12: told me it might be better financially to find a

1286
01:08:07,800 --> 01:08:10,240
Speaker 12: piece of land, like a small piece of land, and

1287
01:08:10,440 --> 01:08:14,080
Speaker 12: just build like a three or or a three unit

1288
01:08:14,240 --> 01:08:16,360
Speaker 12: or like a duplex on top of it. He said

1289
01:08:16,360 --> 01:08:19,280
Speaker 12: it might be cheaper that route.

1290
01:08:19,400 --> 01:08:22,360
Speaker 6: I mean, the grand scheme of things. That sounds good.

1291
01:08:23,240 --> 01:08:23,799
Speaker 6: That's probably.

1292
01:08:26,320 --> 01:08:28,200
Speaker 10: Oh yeah, markeys, you got to your volume down a

1293
01:08:28,200 --> 01:08:30,439
Speaker 10: little bit, good, god man?

1294
01:08:31,400 --> 01:08:32,360
Speaker 6: Yeah, can you hear me now?

1295
01:08:33,120 --> 01:08:36,200
Speaker 2: Yeah? Yeah, he has pretty loud exactly all right.

1296
01:08:36,240 --> 01:08:39,200
Speaker 6: So with construction loans, and I know Kevin can speak

1297
01:08:39,240 --> 01:08:42,639
Speaker 6: on this also. With construction loans, there's really no such

1298
01:08:42,680 --> 01:08:47,439
Speaker 6: thing as first time home buyer, right you have, and

1299
01:08:47,520 --> 01:08:50,120
Speaker 6: it's suspended pretty much with ninety percent of the banks

1300
01:08:50,120 --> 01:08:53,519
Speaker 6: out there where you can do a construction FHA construction

1301
01:08:53,600 --> 01:08:56,800
Speaker 6: a permanent loan. I don't really speak about those too

1302
01:08:56,880 --> 01:08:59,599
Speaker 6: much because there's really no lenders out there that's offering it.

1303
01:08:59,640 --> 01:09:02,719
Speaker 6: Since COVID came around. I'm hoping it does come back

1304
01:09:03,160 --> 01:09:06,720
Speaker 6: at some point, but that program wouldn't allow for multifamilies,

1305
01:09:06,760 --> 01:09:11,080
Speaker 6: only for single families. True traditional construction loans, like if

1306
01:09:11,120 --> 01:09:13,320
Speaker 6: you're going to like through an a paper bank, will

1307
01:09:13,320 --> 01:09:16,760
Speaker 6: only be for single families as well. It's not a

1308
01:09:16,880 --> 01:09:18,599
Speaker 6: first time home buy a program where you can put

1309
01:09:18,640 --> 01:09:20,800
Speaker 6: down minimum down payment. You'll have to put down like

1310
01:09:20,840 --> 01:09:24,400
Speaker 6: twenty twenty five percent. It's just a completely different ball game.

1311
01:09:24,680 --> 01:09:26,960
Speaker 6: But if you want to build multifamily, that's when you

1312
01:09:27,040 --> 01:09:29,880
Speaker 6: need to go into Kevin's world. And that's really going

1313
01:09:29,960 --> 01:09:32,920
Speaker 6: to depending on your experience. Also, Kevin can speak a

1314
01:09:32,960 --> 01:09:33,840
Speaker 6: little bit more to that one.

1315
01:09:33,880 --> 01:09:37,280
Speaker 5: Also, I think people, Yeah, when it comes to construction,

1316
01:09:38,720 --> 01:09:40,640
Speaker 5: the pedigree needs to be there from the from the

1317
01:09:40,640 --> 01:09:44,479
Speaker 5: garran towards standpoints, so the person who's actually borrowing the money, right.

1318
01:09:44,560 --> 01:09:47,559
Speaker 5: So some people who are contractors per se, they might

1319
01:09:47,640 --> 01:09:52,479
Speaker 5: have experience building a property or putting a property together,

1320
01:09:52,760 --> 01:09:56,799
Speaker 5: finishing it. Uh, but you want to see most lenders

1321
01:09:56,880 --> 01:09:59,960
Speaker 5: want to see some type of pedigree on the banks

1322
01:10:00,800 --> 01:10:02,920
Speaker 5: commercial bank side. Let's say if it was for an

1323
01:10:02,960 --> 01:10:08,080
Speaker 5: investment property, most people would want to most banks would

1324
01:10:08,120 --> 01:10:12,000
Speaker 5: want to see at least the shell completed, meaning foundation poured,

1325
01:10:13,280 --> 01:10:15,840
Speaker 5: you know, walls up, and from there they would they

1326
01:10:15,840 --> 01:10:16,879
Speaker 5: would extend capital.

1327
01:10:17,680 --> 01:10:21,360
Speaker 6: So what I would tell you is this right? If

1328
01:10:21,360 --> 01:10:23,680
Speaker 6: you look at what a two or three K you

1329
01:10:23,720 --> 01:10:27,479
Speaker 6: can do three point five percent down. But look at

1330
01:10:27,640 --> 01:10:30,760
Speaker 6: maybe a one family that's zoned in an area where

1331
01:10:30,800 --> 01:10:33,759
Speaker 6: you can build a multifamily, and now you can use

1332
01:10:33,880 --> 01:10:37,000
Speaker 6: a tool three K to convert the property from a

1333
01:10:37,080 --> 01:10:40,920
Speaker 6: one family to a multi family. So that's also an

1334
01:10:41,000 --> 01:10:44,280
Speaker 6: alternative route that you can use versus just finding land

1335
01:10:44,400 --> 01:10:47,040
Speaker 6: and building ground up. Maybe you find a cheap single

1336
01:10:47,120 --> 01:10:50,679
Speaker 6: family and convert the property into a legal two family

1337
01:10:50,920 --> 01:10:53,639
Speaker 6: with using an FHA too or three K. That's another

1338
01:10:53,760 --> 01:10:58,840
Speaker 6: gem of the two or three K program. Okay, yeah,

1339
01:10:59,040 --> 01:10:59,320
Speaker 6: thank you.

1340
01:10:59,360 --> 01:11:03,080
Speaker 2: I appreciate, no doubt, Mark jeez, thank you.

1341
01:11:04,040 --> 01:11:06,360
Speaker 6: Shout yeah.

1342
01:11:06,400 --> 01:11:08,880
Speaker 2: Yeah, let's go to Tony C. We're coming to you. Tony.

1343
01:11:09,160 --> 01:11:11,559
Speaker 2: You've been muted. Mute yourself. What's going on?

1344
01:11:17,040 --> 01:11:17,280
Speaker 5: Yep?

1345
01:11:18,120 --> 01:11:21,120
Speaker 2: Hello, what's lonely? Yo? Yoh?

1346
01:11:21,120 --> 01:11:21,479
Speaker 5: What's good?

1347
01:11:21,600 --> 01:11:25,360
Speaker 13: Sean Troy Man, I'm doing good man. Shout out to y'all. Man.

1348
01:11:25,400 --> 01:11:26,880
Speaker 13: Of course, I appreciate what y'all doing.

1349
01:11:27,439 --> 01:11:30,160
Speaker 14: I just got a quick question for Jose and then

1350
01:11:30,200 --> 01:11:32,040
Speaker 14: a quick question for Matt and Kevin.

1351
01:11:34,000 --> 01:11:34,200
Speaker 2: God.

1352
01:11:34,280 --> 01:11:36,439
Speaker 6: Okay, I understand, Hose.

1353
01:11:36,560 --> 01:11:37,880
Speaker 14: I just want I just want to tell you I

1354
01:11:37,920 --> 01:11:40,880
Speaker 14: just I joined the GOT Credit program. I spoke to

1355
01:11:41,160 --> 01:11:47,679
Speaker 14: Steve and Julie and I emailed all the documents. I'm

1356
01:11:47,680 --> 01:11:49,760
Speaker 14: just I'm eager to get started. Man, I just want

1357
01:11:49,760 --> 01:11:51,760
Speaker 14: to let you know I'm out here, you know what

1358
01:11:51,760 --> 01:11:52,800
Speaker 14: I mean.

1359
01:11:53,360 --> 01:11:54,680
Speaker 2: So I love it.

1360
01:11:55,840 --> 01:12:01,799
Speaker 14: So uh MG and Kevin, I text a MG about

1361
01:12:01,800 --> 01:12:04,120
Speaker 14: a property. He got back to me through the five

1362
01:12:04,200 --> 01:12:08,760
Speaker 14: or six number. Shout out to him and it was

1363
01:12:08,800 --> 01:12:10,400
Speaker 14: my landlord on Stenton Island.

1364
01:12:10,439 --> 01:12:14,360
Speaker 13: He has some property he's looking for a catch off

1365
01:12:15,120 --> 01:12:15,800
Speaker 13: for four hundred.

1366
01:12:15,880 --> 01:12:17,000
Speaker 14: Of course, you know you got to look at the

1367
01:12:17,000 --> 01:12:19,719
Speaker 14: comps and everything, but he also has a few properties

1368
01:12:19,760 --> 01:12:20,240
Speaker 14: on the block.

1369
01:12:20,640 --> 01:12:22,960
Speaker 13: Now, I just want to know he's stubborn with the price.

1370
01:12:23,600 --> 01:12:26,880
Speaker 14: So in your experience, how do you how do you

1371
01:12:26,920 --> 01:12:30,439
Speaker 14: basically talk someone down or do you just wait he

1372
01:12:30,520 --> 01:12:31,920
Speaker 14: waited out or what do you what do you do

1373
01:12:31,960 --> 01:12:33,240
Speaker 14: from your experience.

1374
01:12:34,400 --> 01:12:39,880
Speaker 6: In this market. You're not in a position negotiating this

1375
01:12:40,000 --> 01:12:42,559
Speaker 6: market unfortunately. I hate to say it like that and

1376
01:12:42,600 --> 01:12:46,840
Speaker 6: just be real blunt, but like Stella, don't need you brought.

1377
01:12:46,880 --> 01:12:49,880
Speaker 6: There's millions to other people that's right behind you. That's

1378
01:12:50,200 --> 01:12:57,719
Speaker 6: that that need places to live right now. So you know, look,

1379
01:12:58,400 --> 01:13:00,719
Speaker 6: I'm a fan of a cloth out do get fed,

1380
01:13:00,960 --> 01:13:03,160
Speaker 6: So throw you out there. The worst thing he can

1381
01:13:03,200 --> 01:13:06,639
Speaker 6: do is tell you no or count off of you, right,

1382
01:13:07,000 --> 01:13:09,560
Speaker 6: and then from there you make a decision. But I

1383
01:13:09,600 --> 01:13:13,400
Speaker 6: would if you're buying retail, I wouldn't expect to get

1384
01:13:13,640 --> 01:13:16,439
Speaker 6: money off the purchase price in this market.

1385
01:13:17,360 --> 01:13:20,480
Speaker 13: Understood, understood. Now you know he's just he's given.

1386
01:13:22,640 --> 01:13:25,080
Speaker 14: Actly looking to buy it, but you know, just to

1387
01:13:25,120 --> 01:13:27,000
Speaker 14: make it attractive to people. I see the people that

1388
01:13:27,160 --> 01:13:30,040
Speaker 14: I homes with cash, I call them a low baller.

1389
01:13:30,120 --> 01:13:32,439
Speaker 14: You know, I know about the sixty five percent, you know,

1390
01:13:32,520 --> 01:13:35,000
Speaker 14: refine to seventy five of course through to you, so

1391
01:13:35,439 --> 01:13:38,519
Speaker 14: you know, just you know, in more information and doing

1392
01:13:38,560 --> 01:13:38,800
Speaker 14: my thing.

1393
01:13:38,880 --> 01:13:40,679
Speaker 13: I mean, I definitely appreciate you hitting me out though.

1394
01:13:41,200 --> 01:13:43,080
Speaker 6: Yeah, I mean, if now, if you if that property

1395
01:13:43,120 --> 01:13:45,200
Speaker 6: is distress and needs a ton of work, then yeah,

1396
01:13:45,400 --> 01:13:48,200
Speaker 6: you know, if it's off market, you know, and he's

1397
01:13:48,240 --> 01:13:50,800
Speaker 6: desperate to sell, then you might have a better chance

1398
01:13:50,880 --> 01:13:53,280
Speaker 6: at everything you just said, you know, using you know

1399
01:13:53,479 --> 01:13:55,639
Speaker 6: a guy like Kevin with his services, so that way

1400
01:13:55,680 --> 01:13:57,639
Speaker 6: you can go in there and close in like seven

1401
01:13:57,680 --> 01:14:00,120
Speaker 6: days or something like that. So yeah, I mean, and

1402
01:14:00,320 --> 01:14:04,200
Speaker 6: you have that access too, because hard money is sometimes cash, right.

1403
01:14:04,240 --> 01:14:05,960
Speaker 6: You can say I'm going on cash, but knowing you're

1404
01:14:05,960 --> 01:14:08,559
Speaker 6: getting hard money financing. That's what a lot of these

1405
01:14:08,560 --> 01:14:10,400
Speaker 6: invests doing a lot of Let me tell you, guys,

1406
01:14:10,560 --> 01:14:12,400
Speaker 6: a lot of these people are not paying cash. Let

1407
01:14:12,400 --> 01:14:15,080
Speaker 6: me just say that they're not paying cash. Don't let

1408
01:14:15,080 --> 01:14:17,599
Speaker 6: them fool you. They're not paying cash. They are using

1409
01:14:17,640 --> 01:14:21,040
Speaker 6: hard money and saying it's cash because they can close fast.

1410
01:14:21,439 --> 01:14:22,639
Speaker 6: But they're not using cash.

1411
01:14:27,000 --> 01:14:29,559
Speaker 2: Thank you, thank you, thank you, appreciate that. Thank you.

1412
01:14:29,640 --> 01:14:32,040
Speaker 2: Let's go to Veronica for coming to you. Shout out

1413
01:14:32,040 --> 01:14:34,439
Speaker 2: to MG for reaching back out through the number.

1414
01:14:34,600 --> 01:14:37,439
Speaker 6: I do my best, Bush, but the thousands of people

1415
01:14:38,120 --> 01:14:40,400
Speaker 6: that flooded me, I really do my best. I love y'all.

1416
01:14:40,400 --> 01:14:43,280
Speaker 6: Oh man, please be patient, man, I beg you please.

1417
01:14:43,360 --> 01:14:45,080
Speaker 6: I will get back to you. I try my best.

1418
01:14:45,120 --> 01:14:45,280
Speaker 5: Man.

1419
01:14:46,600 --> 01:14:50,280
Speaker 15: An illegal alien from Guatemala charged with raping a child

1420
01:14:50,280 --> 01:14:54,120
Speaker 15: in Massachusetts. An MS thirteen gang member from El Salvador

1421
01:14:54,360 --> 01:14:58,479
Speaker 15: accused of murdering a Texas man of Venezuelan charged with

1422
01:14:58,560 --> 01:15:02,439
Speaker 15: filming and selling child pornography in Michigan. These are just

1423
01:15:02,520 --> 01:15:06,280
Speaker 15: some of the heinous migrant criminals caught because of President

1424
01:15:06,320 --> 01:15:09,920
Speaker 15: Donald J. Trump's leadership. I'm Christy nom the United States

1425
01:15:09,920 --> 01:15:14,719
Speaker 15: Secretary of Homeland Security. Under President Trump, attempted illegal border

1426
01:15:14,760 --> 01:15:18,320
Speaker 15: crossings are at the lowest levels ever recorded, and over

1427
01:15:18,360 --> 01:15:21,599
Speaker 15: one hundred thousand illegal aliens have been arrested. If you

1428
01:15:21,680 --> 01:15:25,519
Speaker 15: are here illegally, your next you will be fine nearly

1429
01:15:25,600 --> 01:15:29,599
Speaker 15: one thousand dollars a day, imprisoned, and deported. You will

1430
01:15:29,640 --> 01:15:33,280
Speaker 15: never return. But if you register using our CBP home

1431
01:15:33,360 --> 01:15:36,719
Speaker 15: app and leave now, you could be allowed to return legally.

1432
01:15:37,080 --> 01:15:41,839
Speaker 15: Do what's right. Leave now. Under President Trump, America's laws,

1433
01:15:42,000 --> 01:15:44,439
Speaker 15: border and families will be protected.

1434
01:15:44,520 --> 01:15:46,639
Speaker 6: Sponsored by the United States Department of Homeland Security,