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Speaker 2: All right, Gods, welcome back, ey L. We got another

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Speaker 2: exciting episode.

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Speaker 3: That's a fact. That's a fact.

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Speaker 2: So anytime we get to talk about real estate, it's exciting.

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Speaker 2: It seems like an every time we talk about real estate,

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Speaker 2: there's always a different avenue. There's so many different ways

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Speaker 2: to make money within real estate. So this is the

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Speaker 2: first time that we really had somebody from the city,

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Speaker 2: from New York City that was really big in real

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Speaker 2: estate as an investor. So Ju Bernard is a huge, huge,

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Speaker 2: huge successful investor out of New York City. He owns

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Speaker 2: thirteen Brownstones between Brooklyn and Harlem, and he also owns

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Speaker 2: a physical location, the Brooklyn Bank, which we'll talk about,

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Speaker 2: which is a nonprofit organization in Brooklyn as well. He

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Speaker 2: has real estate company, just a very accomplished.

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Speaker 4: Yeah that sounds it's called talk.

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Speaker 2: So yeah, the properties Echo. The properties together valued over

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Speaker 2: forty million dollars. I mean, if you're familiar with the

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Speaker 2: parts of New York City, if you know, you know

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Speaker 2: Brownstones in Brooklyn Best Die Area and then Harlem, you

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Speaker 2: know that you know, on the low end one million,

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Speaker 2: one point five million, on the high end two point

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Speaker 2: five three million, four million dollars, Like, it's not uncommon

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Speaker 2: for Brownstones to go for that.

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Speaker 3: He has a very.

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Speaker 2: Unique story because he's one of the guys that, like

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Speaker 2: when Jay Z said, I could have brought a dumbo,

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Speaker 2: I could have brought a what he said, I could

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Speaker 2: have brought a cribin dumb I could have brought a

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Speaker 2: building in Dumbo for like million, that same buildings where

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Speaker 2: twenty million half filling Dumbo. So he's one of these

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Speaker 2: guys that actually had an opportunity to invest early and

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Speaker 2: and you know, before the areas really started to get

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Speaker 2: gentified and changed, and he just you know, set on

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Speaker 2: it and it worked.

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Speaker 3: Out for his favor.

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Speaker 2: So he has a story to tell, He got a

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Speaker 2: lot of gyms to give, and it's a great, great

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Speaker 2: conversation to have because a lot of times we speak

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Speaker 2: about being on the wrong side of gentrification and not

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Speaker 2: taking advantage of certain things and like getting in when

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Speaker 2: it's too late. But he actually got in before it

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Speaker 2: actually started to change, and he saw the whole process,

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Speaker 2: and he learned a lot along the wave, created systems

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Speaker 2: for himself, and just a wealth of information. He also

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Speaker 2: taught a class for us eyl U a professor, Yes

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Speaker 2: that's a fact. So he taught the class at Eyo University,

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Speaker 2: and we thought it would be a good idea to

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Speaker 2: bring him on the podcast as well. So first and foremost,

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Speaker 2: thank you for joining us. Appreciate it, glad to be here, brother,

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Speaker 2: appreciate you nah for sure, for sure so let's get

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Speaker 2: into it. Let's let's get into it, because I you know,

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Speaker 2: I was listening to your class shoutut to Jamar did

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Speaker 2: a good job of hosting it, and I know you

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Speaker 2: said that your original goal in real estate was to

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Speaker 2: make five hundred dollars a month, Like he was like,

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Speaker 2: if I could just make five hundred dollars a month,

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Speaker 2: it's crazy. Five hundred dollars a month to almost forty

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Speaker 2: fifty million dollars in real estate, Like, it's crazy how

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Speaker 2: life works out. So how what was what was your

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Speaker 2: original process into getting to real estate and how did

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Speaker 2: you make the transition from just working to actually being

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Speaker 2: a real estate investor?

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Speaker 5: Okay, what made me get into the game? I was

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Speaker 5: just short, you know, like I just didn't have like

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Speaker 5: my nine to five just wasn't cutting it. You know,

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Speaker 5: this was like back in the mid to late nineties

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Speaker 5: when when there was the bottles and and and any

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Speaker 5: at any minute, Diddy could run into the into the

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Speaker 5: spot and you know say buy the bar out and

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Speaker 5: buy the bar out, and you're just sitting there holding

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Speaker 5: your hindeken all night, and you know, I just didn't

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Speaker 5: want to be that dude, you know, I did not

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Speaker 5: want to be that dude. So I was just like, Yo,

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Speaker 5: how am I going to do this? You know, I

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Speaker 5: had gotten into a little trouble earlier, ended up spending

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Speaker 5: you know, like over some dumb ship, like spent a

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Speaker 5: week in Albany, Albany County, and I was just like, yo,

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Speaker 5: I'm not about that life. So I learned.

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Speaker 6: I learned.

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Speaker 5: I learned very very early in the game, I'm not

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Speaker 5: about that life, you know, being a New York dude

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Speaker 5: in Albany County jail.

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Speaker 6: It was just like, Nah, this ain't this ain't for me.

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Speaker 5: So I was just like, I can't be in the

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Speaker 5: streets because that that don't work for me. I ain't

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Speaker 5: got no hot sixteens, no hot runs. And my jump

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Speaker 5: shot is I wouldn't even say decent. It's on a

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Speaker 5: good day, mediocre, mediocre at best. So the only thing

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Speaker 5: left for me to do was try to find my

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Speaker 5: way in business. You know. So I was I was

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Speaker 5: working at Verizon at the time, and I was working

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Speaker 5: on my MBA, you know, and I was I was

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Speaker 5: planning on going the whole corporate route, but I was

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Speaker 5: still you know, I was still young. I was like,

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Speaker 5: in my early twenties, still still hanging out and stuff

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Speaker 5: like that. So I wanted to be in the mix.

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Speaker 6: So when I.

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Speaker 5: Met this dude, this dude in my class one day,

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Speaker 5: we were just chopping it up and he was a

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Speaker 5: real estate broker and he was telling me, yo, if

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Speaker 5: you got if you got good credit, if you got

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Speaker 5: good credit, you could buy a crib.

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Speaker 6: And I was just like, how am I going to

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Speaker 6: do that?

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Speaker 5: Then he you know, walked me through the whole faha

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Speaker 5: process and this, that and the other, and that's when

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Speaker 5: I was just like, but I don't have no front

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Speaker 5: money to do it.

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Speaker 3: So that's when I pulled.

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Speaker 5: I pulled money out of a student loan because although

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Speaker 5: Verizon was paying me, paying me to go to school,

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Speaker 5: but I could still take student loans out. So you know,

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Speaker 5: I took I took like a hustle. I took like

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Speaker 5: I took like a twelve thousand dollars, twelve thousand dollars

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Speaker 5: loan and I bought one hundred thousand dollars crib for

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Speaker 5: like three percent down.

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Speaker 4: They'll send you the refund check, send me the.

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Speaker 5: Refundcheck scale exactly.

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Speaker 3: It was. It was, it was faha, It was faha.

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Speaker 6: The very first joint.

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Speaker 3: So you took twelve So how much was it? You said,

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Speaker 3: twelve thousand dollars loan.

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Speaker 6: It was a twelve thousand dollars loan.

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Speaker 5: When everything's when everything was all said and done, I

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Speaker 5: probably came out of my pocket like like ten grand.

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Speaker 3: What year it was this, This was ninety seven, so

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Speaker 3: three down?

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Speaker 6: Yeah, crip. Crip was one hundred thousand dollars.

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Speaker 3: So three thousand. And then closing costs, all of.

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Speaker 5: That closing costs and all the other little thing.

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Speaker 3: Cost ten thousand.

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Speaker 5: Yeah, and then okay, and then then my you know,

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Speaker 5: then the next crib came available, like a few months later.

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Speaker 5: That was right next door. So I did it again.

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Speaker 3: Where is this that?

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Speaker 6: This was south side Queens.

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Speaker 4: So Queens is the Queens is the origin of your

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Speaker 4: real estate journey.

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Speaker 5: Those were the first two cribs I ever bought. I

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Speaker 5: bought them in Queens. I didn't I didn't know anything

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Speaker 5: about it because I was actually living in Queens at

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Speaker 5: the time.

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Speaker 6: I was living in Rosedale.

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Speaker 5: So I copped those those two cribs and then and

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Speaker 5: then my man put me on to the refinance hustle.

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Speaker 7: So on the first crib you did the student loan

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Speaker 7: refund right, second crib, same thing, or we just took

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Speaker 7: the profits on the first.

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Speaker 5: Second crib, same thing, more student loans, next semester, did

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Speaker 5: it again.

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Speaker 4: Yoh, that's crazy. I remember getting that refund check.

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Speaker 7: It was like, if you take out a loan, right,

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Speaker 7: and then if somebody's paying for it, they reimburse you.

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Speaker 7: And I think I bought like I bought like a

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Speaker 7: pair of Tams and some Jordans.

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Speaker 4: Nah, I wasn't thinking right.

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Speaker 5: And then I rocked. I rocked that same hustle for

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Speaker 5: like two years where I was where now. I found

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Speaker 5: out that if I paid, if I paid it upfront,

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Speaker 5: if I paid the money out of my pocket, then

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Speaker 5: I could apply for financial aid. Right. I applied for

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Speaker 5: financial aid, and then I got that money, and then

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Speaker 5: I took the little student loans, and then I took

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Speaker 5: the receipt of when I paid my money, and then

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Speaker 5: I gave it to the job and they got reimbursed it,

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Speaker 5: and then they reimbursed me.

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Speaker 4: So it was student loans brought your homes.

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Speaker 5: Yeah, that's how I got started, beautiful stories, you know,

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Speaker 5: that's how I got started. I probably statute of limitations

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Speaker 5: is probably it was nineteen ninety seven. You know, good

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Speaker 5: luck anybody went prosecuting.

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Speaker 6: But that's how I got started.

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Speaker 2: Okay, So all right, so two homes. Then you say

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Speaker 2: you got turned to the to the REFI game.

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Speaker 5: Got turned onto the refi game. So cribs that I

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Speaker 5: bought for one hundred grand, now now I could refight

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Speaker 5: them because the values were like at one hundred and

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Speaker 5: fifty like a year later because I bought them blow

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Speaker 5: market and stuff like that, and so now I got

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Speaker 5: all my cash back plus another I mean plus more cash.

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Speaker 5: So so it's like two years into the game, I

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Speaker 5: was like already one hundred grand.

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Speaker 8: Strong came into the strong, yeah exact, but I always

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Speaker 8: use that because that one hundred grand is like I

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Speaker 8: had a home akery line of credit.

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Speaker 5: I ended up buying a crib. I ended up buying

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Speaker 5: another crib that where me and my boys used to

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Speaker 5: live at. You know, I bought a two family crib,

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Speaker 5: and then I had the mortgage was like two thousand

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Speaker 5: dollars a month. The mortgage was like two thousand dollars

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Speaker 5: a month.

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Speaker 3: I had.

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Speaker 5: I was renting upstairs for fifteen hundred, and each one

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Speaker 5: of my boys was giving me five hundred plus.

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Speaker 6: I was renting the basement for six hundred dollars, so.

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Speaker 5: I was put like, I was pretty much living in

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Speaker 5: a party house and getting like fifteen hundred dollars.

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Speaker 7: He's the dude that Nipsey was talking about, right, He

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Speaker 7: was like, Yo, he's the guy who's in school making

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Speaker 7: more than his teachers.

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Speaker 4: He's a guy, yo.

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Speaker 5: But the thing about that is, so it's like a

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Speaker 5: year and a half into the into the game. I'm

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Speaker 5: making money on real estate, trying you know, working partying,

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Speaker 5: and also trying to get my MBA at the same time.

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Speaker 5: And I'm not taking that city. I'm not taking that

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Speaker 5: as seriously as I should because I'm making money. So

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Speaker 5: I roll up, I roll up to class one day

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Speaker 5: late again, and the teachers just like, hey, mister Bernard,

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Speaker 5: if there's some place you'd rather be, why don't you

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Speaker 5: be there?

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Speaker 4: Right?

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Speaker 5: And I thought about that the whole time, So you

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Speaker 5: know how the teachers give you like that break. At

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Speaker 5: forty five minutes into the class, I left, you know,

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Speaker 5: I left my bag, my books, all of that. I

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Speaker 5: just left, you know, got in the car and bounced.

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Speaker 5: And I didn't officially withdraw nothing like that. I just

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Speaker 5: I was like, you know what, you're right there, someplace

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Speaker 5: i'd rather be.

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Speaker 4: I'd rather I'm gonna do that words of advice.

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Speaker 5: So that's that's when I made the official decision that

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Speaker 5: this was my life.

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Speaker 3: What what? What school did you go to?

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Speaker 6: Saint John's University?

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Speaker 5: Okay, you know, like literally my bag, all that other stuff,

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Speaker 5: it was just still there, still there, nice.

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Speaker 2: Nice. So all right, so you so you said, I'm

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Speaker 2: and it's using your master's program.

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Speaker 6: I was trying to get my master's at that time NBA.

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Speaker 5: Yeah, trying to get a master's in business administration. Was

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Speaker 5: trying to get a management degree because I was working

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Speaker 5: at Verizon. I was a manager there, so I was

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Speaker 5: trying to go up the corporate ladder.

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Speaker 2: So all right, so at that point you quit, did y'all?

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Speaker 2: You quit school and you have two properties?

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Speaker 5: You said that by that time, I had like four properties.

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Speaker 2: Yeah, and then all right, so now you're just doing

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Speaker 2: real estate full time at this point.

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Speaker 5: No, I'm I'm still at Verizon, still doing my thing

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Speaker 5: at Verizon.

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Speaker 3: But you know, tell the truth.

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Speaker 5: I had to take a step back because I was

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Speaker 5: gambling at the time too, you know, like I got

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Speaker 5: this thing right here says never again twelve thirteen oh four.

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Speaker 5: You know, because I was gambling heavy, so I ended

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Speaker 5: up those first two cribs. Those first two cribs that

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Speaker 5: I had, I had to sell them to pay gambling debts.

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Speaker 3: What was your sports or blackjack?

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Speaker 6: I'm doing blackjack, I'm doing and dice games.

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Speaker 2: People don't realize that gambling is an addiction. I know

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Speaker 2: few people that have lost their families, lost homes, lost

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Speaker 2: their freedom because of gambling. It's not something that's talked

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Speaker 2: about enough. I'm gonna talk about drug addiction a lot, alcoholism,

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Speaker 2: but millions of Americans, people all over the world suffer

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Speaker 2: from gambling.

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Speaker 3: Can you talk about that a little bit?

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Speaker 5: First of all, you're right, it is an addiction. And

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Speaker 5: I didn't even respect it as an addiction. I was

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Speaker 5: just like, looking at It's just something that is something

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Speaker 5: I did, and I was good. I was making money

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Speaker 5: when I was making money, but when I was losing,

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Speaker 5: I was losing money, big money, you know. And I

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Speaker 5: had tried. I had tried like gamblers Anonymous and all

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Speaker 5: that other stuff. And I remember going to a gambler's

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Speaker 5: Anonymous meeting and looking at these dudes telling these stories.

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Speaker 5: I was like, damn, y ho's a bunch of losers.

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Speaker 5: You know, I'm not ja, you know. But meanwhile, meanwhile,

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Speaker 5: I'm like going to Vegas and losing like sixty grand

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Speaker 5: a pop, going to dice game, going to dice games,

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Speaker 5: losing like fifteen, fifteen, twenty grand. Your funniest story ever.

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Speaker 5: Not true, really a funny story.

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Speaker 3: But I was.

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Speaker 5: The Linux Lounge back in the Days Hall in Harlem.

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Speaker 5: One day I found myself in the back room with

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Speaker 5: the Lentless lounge. My man to me in there, and

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Speaker 5: I had there was the dice game going on, and

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Speaker 5: I went down there. Four So I went down there,

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Speaker 5: and you know, I was with my man, just went

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Speaker 5: out there and humble. We didn't go there for that,

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Speaker 5: but we found ourselves back there. And next I was hot,

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Speaker 5: you know, and I didn't know anybody in that room,

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Speaker 5: right And next thing, you know, I'm like rolling, rolling, rolling,

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Speaker 5: and I'm like, I'm up three grand, I'm up five grand,

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Speaker 5: I'm up ten grand. My man leaves because he's like, yo,

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Speaker 5: I gotta go. I was just like, nah, I'm hot,

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Speaker 5: I'm good, I'm staying right. Next thing, you know, I'm

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Speaker 5: up like fifteen grand and I'm looking around the room.

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Speaker 5: I don't know nobody in there, and ain't nobody.

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Speaker 4: Smiling Welcome to New York.

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Speaker 3: So then I was just like, ill.

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Speaker 5: Had cool, So dude, start making best. I got three

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Speaker 5: grand on this. I was like, yo, put your money

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Speaker 5: on the floor. It's like, nah, I'm good for it.

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Speaker 3: And so they was live and I hit them with trips.

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Speaker 4: For their money.

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Speaker 5: Paul this, No, No, that's not how That's not how

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Speaker 5: it all. So dudes was just the ass betting, like

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Speaker 5: because they.

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Speaker 3: Knew I was by myself, what are you gonna do?

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Speaker 5: What I'm not going to do is so, so I

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Speaker 5: basically had to give every dollar back to walk out

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Speaker 5: of there.

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Speaker 2: So you knew that they was asked anybody's not familiar.

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Speaker 2: That's when somebody's betting with no intentions of actually paying

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Speaker 2: with their betting. So psychologically you knew you had a

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Speaker 2: decision to make either you call their bluff and like, okay,

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Speaker 2: I'm leaving. You know that they're not going to pay you.

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Speaker 2: You're in Harllow, You're from Queens.

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Speaker 6: From Brooklyn, but living in Queens.

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Speaker 3: A long way from home.

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Speaker 6: And this is this is nineteen ninety something.

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Speaker 5: Dangerous, not gentrified, different.

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Speaker 2: Magic psychologically, it was like, to just keep it respectful,

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Speaker 2: I'll lose the money. I'll play until I just lose.

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Speaker 2: So I don't just have to make this awkward situation.

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Speaker 2: I could just at least I could just not get

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Speaker 2: killed out here, exactly.

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Speaker 5: I could.

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Speaker 6: I could front like I like, I made a decision.

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Speaker 3: That that's calculated decision. That's a calculator. You calculated it

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Speaker 3: very well, you know.

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Speaker 5: But it's the same calculated decisions that you make every

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Speaker 5: day in real estate, you know what I'm saying, Like

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Speaker 5: all the time, it's like do I take this l

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Speaker 5: right here and live to fight another day or do

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Speaker 5: I keep going mm hmm.

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Speaker 2: So at what point do you do you really hit

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Speaker 2: your stride in real estate and kind of like hit.

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Speaker 3: It out the park.

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Speaker 5: So again, I always say, I came into this game

349
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Speaker 5: one hundred grand strong. I had a crib in Rosedale,

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Speaker 5: the crib where I lived with my boys queens exactly.

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Speaker 5: So I pulled one hundred grand out of that. And

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Speaker 5: you know, like whenever cats get some real doe what

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Speaker 5: they want to do. They want to open a bar,

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Speaker 5: all right, Like I told.

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Speaker 4: You that was my first barbershop.

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Speaker 5: Barbershop, wrecord label, laund sneaker Stone. So I was trying

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Speaker 5: to open I was trying to open up a bar

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Speaker 5: in downtown Brooklyn, right. So I met this real estate

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Speaker 5: broker and he he basically was like showing me around,

360
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Speaker 5: and then I told him, you know, I let him

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Speaker 5: know how much money I was holding, and he basically

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Speaker 5: was like, yo, I have an opportunity for you.

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Speaker 6: So he brought me to this crib in Clinton.

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Speaker 9: Hills, right, Jersey, Brooklyn Hills, Brooklyn, and I ended up

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Speaker 9: buying a Brownstone for like four hundred thousand dollars you know.

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Speaker 5: You know, ten percent down, ten percent down, forty grand.

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Speaker 5: So I copped that joint and I ended up copping

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Speaker 5: the joint next to it, like three or four months

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00:17:52,760 --> 00:17:57,080
Speaker 5: later with the rest of that money. Right, So those

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Speaker 5: two cribs, I bought one for four hundred, then I

371
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Speaker 5: bought the other one for four And this was like

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Speaker 5: two thousand and three, So this was right before things

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Speaker 5: started to pop. So within a couple, within a couple

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Speaker 5: of I would say every every month, like the values

375
00:18:15,520 --> 00:18:17,119
Speaker 5: were going up like one hundred grand, one hundred and

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00:18:17,119 --> 00:18:20,119
Speaker 5: fifty grand, two hundred grand up, until like two thousand

377
00:18:20,119 --> 00:18:22,240
Speaker 5: and six, two thousand and seven. So by two thousand

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Speaker 5: and six, those same cribs that I bought for four

379
00:18:24,080 --> 00:18:29,000
Speaker 5: hundred grand, four hundred grand turned were worth almost eight

380
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Speaker 5: eight hundred and nine hundre thousand dollars.

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Speaker 7: Yeah, and you just get Are you getting rental income

382
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Speaker 7: from them? Are some of you flipping?

383
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Speaker 5: No at, I didn't get into I didn't get into

384
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Speaker 5: the flipping.

385
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Speaker 4: Okay, so rental income right now?

386
00:18:38,080 --> 00:18:40,000
Speaker 5: Yeah, this is straight rental. So and I still owe

387
00:18:40,080 --> 00:18:45,200
Speaker 5: them credits cribs now, you know, so I was taking

388
00:18:45,320 --> 00:18:47,479
Speaker 5: you know, taking home makering lines of credits out and

389
00:18:47,560 --> 00:18:51,359
Speaker 5: just buying more and you know, balling out, you know.

390
00:18:51,640 --> 00:18:53,760
Speaker 5: So so now this is like two thousand and six,

391
00:18:53,880 --> 00:18:56,920
Speaker 5: two thousand and two thousand six, two thousand and seven.

392
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Speaker 6: You know, that's when I bought the big crib in Jersey.

393
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Speaker 3: Of course I gotta do that.

394
00:19:01,680 --> 00:19:01,879
Speaker 6: You know.

395
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Speaker 2: You know, interesting thing about Clinton Hills, you know, interesting

396
00:19:05,640 --> 00:19:10,240
Speaker 2: historical hip hop fact. So the late great Christopher Wallace,

397
00:19:11,280 --> 00:19:13,800
Speaker 2: you know a lot of people think he's from bed Stars.

398
00:19:13,840 --> 00:19:16,840
Speaker 2: He said the love is one from Beeford Stoveson. But

399
00:19:17,000 --> 00:19:23,440
Speaker 2: his actual house is on a borderline and technically it's

400
00:19:23,480 --> 00:19:24,320
Speaker 2: in Clinton Hills.

401
00:19:24,400 --> 00:19:26,720
Speaker 5: Yes, it's not even it's not even on the borderline

402
00:19:26,720 --> 00:19:27,359
Speaker 5: because it's safe.

403
00:19:27,840 --> 00:19:29,119
Speaker 3: I try to get him the benefit.

404
00:19:30,600 --> 00:19:32,959
Speaker 4: Because you got, you got.

405
00:19:33,119 --> 00:19:37,560
Speaker 5: He's like six blocks from bed Stocks. Yeah, little known fact, exactly.

406
00:19:37,160 --> 00:19:39,840
Speaker 2: So, And the New York Posted a did a story

407
00:19:40,160 --> 00:19:42,119
Speaker 2: because you know, you said it's his his mom had

408
00:19:42,119 --> 00:19:43,600
Speaker 2: the one where it's not it's not it was never

409
00:19:43,600 --> 00:19:46,000
Speaker 2: a one room shot. Not sure why he said that,

410
00:19:46,040 --> 00:19:49,800
Speaker 2: but it's a that same apartment right now is is

411
00:19:49,840 --> 00:19:52,159
Speaker 2: written for four thousand dollars a month. And The New

412
00:19:52,240 --> 00:19:54,080
Speaker 2: York Posted did a story about it because it's like,

413
00:19:54,119 --> 00:19:56,680
Speaker 2: you know, he that became so synonymous because when he

414
00:19:56,720 --> 00:19:59,800
Speaker 2: came out with that song Juicy Juicy, right when he

415
00:19:59,880 --> 00:20:04,000
Speaker 2: was talking about it, he literally chronicled that apartment, and

416
00:20:04,119 --> 00:20:06,080
Speaker 2: that apartment today is literally I think it was like

417
00:20:06,119 --> 00:20:08,040
Speaker 2: forty two It might be like forty two hundred dollars

418
00:20:08,080 --> 00:20:11,199
Speaker 2: a month for that same apartment that he used to

419
00:20:11,240 --> 00:20:12,600
Speaker 2: live in back in the nineties.

420
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Speaker 3: So it's crazy.

421
00:20:13,960 --> 00:20:17,080
Speaker 5: So I'm gonna take you back to a true story

422
00:20:17,119 --> 00:20:20,840
Speaker 5: back on Biggie's block. Right, So this is like two

423
00:20:20,880 --> 00:20:25,280
Speaker 5: thousand and two thousand and two, two thousand and three again.

424
00:20:26,240 --> 00:20:29,879
Speaker 5: I'm on the corner of Saint James and Fulton, you

425
00:20:29,920 --> 00:20:32,360
Speaker 5: know that little triangle over there, the same I don't

426
00:20:32,400 --> 00:20:36,880
Speaker 5: know if anybody ever saw that like that, that freestyle

427
00:20:36,920 --> 00:20:37,680
Speaker 5: Biggie was doing.

428
00:20:37,840 --> 00:20:42,359
Speaker 2: Yeah, when they had the exactly with the tims on

429
00:20:42,359 --> 00:20:44,040
Speaker 2: with this, they put it in Juicy.

430
00:20:43,840 --> 00:20:48,280
Speaker 5: Too, they exactly. So I'm I'm on that corner. This

431
00:20:48,320 --> 00:20:50,840
Speaker 5: is before I bought the cribs in Brooklyn. I'm on

432
00:20:50,880 --> 00:20:58,080
Speaker 5: that corner rolling dice because that's what I do. So

433
00:20:58,119 --> 00:21:01,439
Speaker 5: we're out there, we rolling dice heavy. Like there's like

434
00:21:02,440 --> 00:21:04,760
Speaker 5: at least twenty dudes out there, all thugs, you know.

435
00:21:05,119 --> 00:21:07,199
Speaker 5: And I was comfortable out there because this is Brooklyn,

436
00:21:07,720 --> 00:21:10,360
Speaker 5: Brooklyn exactly. I'm comfortable.

437
00:21:11,840 --> 00:21:12,359
Speaker 3: Exactly.

438
00:21:12,880 --> 00:21:17,320
Speaker 5: So I'm out there rolling dice heavy and there's a cipher.

439
00:21:17,560 --> 00:21:18,120
Speaker 6: You know what I'm saying.

440
00:21:18,119 --> 00:21:20,800
Speaker 5: It's like twenty twenty dudes all in the circle, and

441
00:21:21,280 --> 00:21:25,280
Speaker 5: the dude just smoking blunts and forty ounces old old

442
00:21:25,320 --> 00:21:26,240
Speaker 5: e and Saint I.

443
00:21:26,440 --> 00:21:29,879
Speaker 7: And for the people that are under twenty five or

444
00:21:29,920 --> 00:21:32,280
Speaker 7: forty ounces an alcoholic beverage.

445
00:21:34,080 --> 00:21:39,400
Speaker 5: That will give you cancer. Right, So we're in the cipher,

446
00:21:39,720 --> 00:21:44,840
Speaker 5: like and what happens was what happened was the dice

447
00:21:44,880 --> 00:21:48,560
Speaker 5: are on the floor, right and right in the middle.

448
00:21:48,920 --> 00:21:50,480
Speaker 6: Here comes this this.

449
00:21:52,040 --> 00:21:57,159
Speaker 5: White girl who's jogging with her headphones on, who runs

450
00:21:57,359 --> 00:21:58,080
Speaker 5: right through.

451
00:21:57,880 --> 00:22:02,200
Speaker 6: The cipher, kicks the dice and keeps it moving.

452
00:22:04,160 --> 00:22:07,920
Speaker 5: And and what what happened was what I looked around,

453
00:22:08,480 --> 00:22:12,000
Speaker 5: was that nobody said anything, but everybody nobody believed what

454
00:22:12,160 --> 00:22:16,560
Speaker 5: just happened. And that's when I knew that this was

455
00:22:16,600 --> 00:22:20,680
Speaker 5: her neighborhood now, and these were our wires, right, change

456
00:22:20,720 --> 00:22:26,280
Speaker 5: your life exactly because I looked at it. I looked

457
00:22:26,280 --> 00:22:28,120
Speaker 5: at it, and it's just like yo, she just kept

458
00:22:28,160 --> 00:22:31,040
Speaker 5: it moving like no fear in her heart, no nothing

459
00:22:31,119 --> 00:22:32,920
Speaker 5: and to do and nobody say nothing to her.

460
00:22:36,880 --> 00:22:39,840
Speaker 6: But that's when I knew. That's when I that's when.

461
00:22:39,680 --> 00:22:43,080
Speaker 5: I started looking at that area a little differently. You know,

462
00:22:43,800 --> 00:22:45,960
Speaker 5: That's when that's when things changed for me over there.

463
00:22:46,000 --> 00:22:50,040
Speaker 5: That's when you know I got I got this this

464
00:22:50,080 --> 00:22:54,480
Speaker 5: philosophy right that the only way you make money is

465
00:22:54,520 --> 00:22:57,440
Speaker 5: when you're able to see things that other people can't see.

466
00:22:57,600 --> 00:23:00,840
Speaker 5: So when you see opportunities that other people can't see. Right,

467
00:23:01,960 --> 00:23:04,000
Speaker 5: And the other thing I always say is like when

468
00:23:04,000 --> 00:23:05,879
Speaker 5: you do things that other people are not willing to

469
00:23:05,880 --> 00:23:10,560
Speaker 5: do right. So at that little dice game, it opened

470
00:23:10,560 --> 00:23:12,520
Speaker 5: my eyes and I was able to see something. You

471
00:23:12,520 --> 00:23:16,119
Speaker 5: know what I'm saying. I was able to see change coming.

472
00:23:16,760 --> 00:23:19,760
Speaker 5: You know. It's just like like very early in those days,

473
00:23:19,800 --> 00:23:25,760
Speaker 5: like I never I never did a marketing analysis, you know,

474
00:23:25,920 --> 00:23:30,199
Speaker 5: to check the to check the demographics, to see what

475
00:23:30,240 --> 00:23:34,280
Speaker 5: people were making and what what you know, the money

476
00:23:34,320 --> 00:23:36,640
Speaker 5: was like in the neighborhood and what was coming. Right.

477
00:23:37,040 --> 00:23:41,120
Speaker 5: So what I used to do a poor man's marketing analysis,

478
00:23:41,680 --> 00:23:46,720
Speaker 5: which is I would just look to see what what businesses.

479
00:23:46,200 --> 00:23:48,760
Speaker 6: Were coming in the neighborhood. Right, So like if I.

480
00:23:48,720 --> 00:23:52,840
Speaker 5: Saw if I saw a Starbucks opening up, I was

481
00:23:52,880 --> 00:23:56,200
Speaker 5: just like, yo, I need to be around here, because

482
00:23:56,600 --> 00:23:59,399
Speaker 5: like it was like copying somebody else's homework because you know,

483
00:23:59,440 --> 00:24:01,439
Speaker 5: they did they marketing analysis.

484
00:24:01,160 --> 00:24:03,560
Speaker 7: So if they if they felt comfortable enough coming into

485
00:24:03,600 --> 00:24:05,960
Speaker 7: this neighborhood, then I should feel comfortable enough to start

486
00:24:06,000 --> 00:24:07,440
Speaker 7: investing in this neighborhood exactly.

487
00:24:07,920 --> 00:24:09,320
Speaker 3: So when I saw.

488
00:24:10,720 --> 00:24:17,240
Speaker 5: I initially, I initially like, you're familiar with Brooklyn, So

489
00:24:17,920 --> 00:24:20,200
Speaker 5: it basically like the big money.

490
00:24:20,080 --> 00:24:21,000
Speaker 6: Was Fort Green.

491
00:24:22,040 --> 00:24:26,040
Speaker 5: Then then the next big money was Clinton Hills, and

492
00:24:26,080 --> 00:24:28,960
Speaker 5: then the next big Money was a bad star, right,

493
00:24:29,160 --> 00:24:32,199
Speaker 5: so I got in. I got in on on the

494
00:24:32,200 --> 00:24:34,679
Speaker 5: Clinton Hill side like when it you know, when it

495
00:24:34,720 --> 00:24:36,840
Speaker 5: was still a little there's still a little bit money

496
00:24:36,840 --> 00:24:40,560
Speaker 5: to be made, right, So when I saw when I

497
00:24:40,600 --> 00:24:46,680
Speaker 5: saw like like these coffee shops and and.

498
00:24:46,560 --> 00:24:48,560
Speaker 6: The t store that's on Biggie's block.

499
00:24:48,640 --> 00:24:50,960
Speaker 5: Now you know what I'm saying that on the corner

500
00:24:50,960 --> 00:24:53,800
Speaker 5: of his block there's a tea store.

501
00:24:54,000 --> 00:24:56,119
Speaker 2: The great thing is like people like the New York

502
00:24:56,160 --> 00:24:57,720
Speaker 2: Post is a great article for anybody if they want

503
00:24:57,720 --> 00:24:59,959
Speaker 2: to read it. And they was interviewing like the neighbors.

504
00:25:00,080 --> 00:25:02,439
Speaker 2: It's like it's like all hipsters and tech people and

505
00:25:02,480 --> 00:25:05,679
Speaker 2: they're like, yo, it's hard to even imagine those lyrics

506
00:25:05,680 --> 00:25:07,919
Speaker 2: that he rapped about now like on his block like

507
00:25:08,000 --> 00:25:10,800
Speaker 2: it was, it would be hard to imagine that, Like

508
00:25:10,840 --> 00:25:13,040
Speaker 2: this is so far. And I remember even like Fort Green,

509
00:25:13,320 --> 00:25:15,560
Speaker 2: like when I was young, because like when I was young,

510
00:25:15,560 --> 00:25:17,679
Speaker 2: I used to play basketball and you know, going to

511
00:25:17,760 --> 00:25:20,639
Speaker 2: like Gauchos and Riverside and got the guys from Brooklyn

512
00:25:20,720 --> 00:25:24,560
Speaker 2: and meet gods from Fort Green. And that's the first

513
00:25:24,560 --> 00:25:28,200
Speaker 2: time I ever heard about Fort Green and it was different.

514
00:25:29,640 --> 00:25:31,360
Speaker 5: You know, who don't get no love for being on

515
00:25:31,400 --> 00:25:31,840
Speaker 5: that block?

516
00:25:32,320 --> 00:25:32,639
Speaker 3: Who's that?

517
00:25:33,680 --> 00:25:34,000
Speaker 5: Who?

518
00:25:34,080 --> 00:25:34,960
Speaker 6: Do you know who else was.

519
00:25:34,880 --> 00:25:35,399
Speaker 3: On that block?

520
00:25:35,960 --> 00:25:44,159
Speaker 5: I don't Saint James. Between Gates and Green chub Rock legend.

521
00:25:44,920 --> 00:25:47,600
Speaker 2: Most people that's his block, right across the street from

522
00:25:47,640 --> 00:25:49,760
Speaker 2: Big got overshadowed.

523
00:25:50,280 --> 00:25:52,400
Speaker 3: It's a big shadows, a big shadow.

524
00:25:52,119 --> 00:25:57,160
Speaker 5: Exactly, another big man that could rap Rock.

525
00:25:57,560 --> 00:25:59,480
Speaker 7: I think that's the first time I heard NOAs when

526
00:25:59,480 --> 00:26:00,800
Speaker 7: he was on like back in the Really Game, I

527
00:26:00,800 --> 00:26:02,560
Speaker 7: think chub Rock was on the record. I was like,

528
00:26:02,560 --> 00:26:05,240
Speaker 7: who's this guy talking about way automatic guns and nuns?

529
00:26:07,000 --> 00:26:11,000
Speaker 3: Rock? So all right, so you see the gentrification taking place.

530
00:26:11,320 --> 00:26:14,560
Speaker 2: You have the the moment in the Dice Game where

531
00:26:14,560 --> 00:26:16,360
Speaker 2: it's like, and that's a good point that you bring

532
00:26:16,440 --> 00:26:20,080
Speaker 2: up too, because it's like it's unfortunate, but nobody should

533
00:26:20,080 --> 00:26:21,040
Speaker 2: have crime brought a part of it.

534
00:26:21,200 --> 00:26:21,600
Speaker 3: Nobody.

535
00:26:21,640 --> 00:26:24,680
Speaker 2: But like you see in neighborhoods like we'll commit crime

536
00:26:24,720 --> 00:26:27,760
Speaker 2: against each other all day, where you never commit crime

537
00:26:28,080 --> 00:26:30,720
Speaker 2: against anybody that doesn't look like us. Even Nipsey Hustle

538
00:26:30,760 --> 00:26:34,320
Speaker 2: said that, like reprogrammed to actually go and train to

539
00:26:34,920 --> 00:26:38,960
Speaker 2: hunt and do violence and disrespect people that look similar

540
00:26:39,000 --> 00:26:40,960
Speaker 2: to you. But when you see somebody that looks opposite

541
00:26:41,000 --> 00:26:43,240
Speaker 2: to you. You're not even gonna play around with that

542
00:26:43,359 --> 00:26:47,359
Speaker 2: because you're scared really like of repercussions that come with that.

543
00:26:47,480 --> 00:26:47,680
Speaker 3: Yeah.

544
00:26:47,680 --> 00:26:52,040
Speaker 2: The consequences, Yeah, serious consequences. So you saw that happening

545
00:26:52,440 --> 00:26:54,679
Speaker 2: in your brain. So you're like, all right, did you

546
00:26:54,720 --> 00:26:56,600
Speaker 2: want to just double down? Like now I got to

547
00:26:56,640 --> 00:26:59,960
Speaker 2: actually really double down on my investment strategy and bodies

548
00:27:00,000 --> 00:27:01,040
Speaker 2: property before it too late.

549
00:27:01,760 --> 00:27:06,520
Speaker 5: It you know, I it'd be very easy for me

550
00:27:06,600 --> 00:27:08,399
Speaker 5: to tell you right now that you know, I had

551
00:27:08,440 --> 00:27:11,080
Speaker 5: this master plan and I saw that and this is

552
00:27:11,080 --> 00:27:12,879
Speaker 5: how I was going to execute and this is the

553
00:27:12,920 --> 00:27:14,440
Speaker 5: plan and this was the road map that.

554
00:27:14,440 --> 00:27:15,560
Speaker 6: Got nah Son.

555
00:27:15,640 --> 00:27:17,280
Speaker 3: You know, just happened.

556
00:27:17,680 --> 00:27:21,919
Speaker 5: It's happening. You're you know, like that's the beauty. Like

557
00:27:22,560 --> 00:27:26,280
Speaker 5: when people come on these podcasts, right, everybody chrono you know,

558
00:27:26,320 --> 00:27:30,120
Speaker 5: wants to chronological chronological I can't say the word chronologically

559
00:27:30,280 --> 00:27:34,320
Speaker 5: chronologically define everything that they did, right, but nobody highlights

560
00:27:34,320 --> 00:27:36,120
Speaker 5: all the mistakes and the dumb shit that they did.

561
00:27:36,160 --> 00:27:39,280
Speaker 5: And you know what I'm saying, like a lot of

562
00:27:39,320 --> 00:27:43,840
Speaker 5: mistakes were made, Like it worked out at some point

563
00:27:43,880 --> 00:27:46,560
Speaker 5: I saw it, you know, like in the last ten years,

564
00:27:46,800 --> 00:27:48,800
Speaker 5: I've you know, it's been crystal clear.

565
00:27:49,400 --> 00:27:51,639
Speaker 6: But I was still trying to figure it out, still

566
00:27:51,680 --> 00:27:52,160
Speaker 6: trying to.

567
00:27:52,200 --> 00:27:54,119
Speaker 2: What some of the mistakes that you made. Because you're right,

568
00:27:54,160 --> 00:27:56,560
Speaker 2: people can learn. Just like they learned from information, they

569
00:27:56,600 --> 00:27:59,119
Speaker 2: can also learn from mistakes. What's some of the biggest

570
00:27:59,119 --> 00:28:00,000
Speaker 2: mistakes that you made?

571
00:28:00,920 --> 00:28:03,480
Speaker 5: A lot of the cribs that I sold too early,

572
00:28:03,800 --> 00:28:10,160
Speaker 5: sold them too early, like one eighty four I ustill

573
00:28:10,160 --> 00:28:17,000
Speaker 5: got the address eighty four Madison, all right, So one

574
00:28:17,080 --> 00:28:21,080
Speaker 5: eighty four B Madison. I bought that crib for like

575
00:28:21,200 --> 00:28:24,240
Speaker 5: four hundred thousand dollars when it was worth seven hundred

576
00:28:24,240 --> 00:28:26,119
Speaker 5: thousand dollars.

577
00:28:25,640 --> 00:28:26,880
Speaker 6: And I sold it.

578
00:28:27,600 --> 00:28:31,879
Speaker 5: I sold it for nine hundred thousand dollars in a

579
00:28:31,920 --> 00:28:37,280
Speaker 5: few months. And at that time I thought I was

580
00:28:37,320 --> 00:28:40,280
Speaker 5: like the smartest dude in the world, you know, because

581
00:28:40,320 --> 00:28:42,640
Speaker 5: I coppt that joint. And there's a story behind that

582
00:28:42,720 --> 00:28:43,120
Speaker 5: joint too.

583
00:28:43,240 --> 00:28:45,560
Speaker 2: Is that the one with the Nate but you brought

584
00:28:45,560 --> 00:28:48,000
Speaker 2: it because somebody else wanted it? Can you tell that story?

585
00:28:48,000 --> 00:28:49,680
Speaker 2: I think that's good. That's a good strategy. I was

586
00:28:49,720 --> 00:28:51,720
Speaker 2: listening to that. Can you tell that story?

587
00:28:51,840 --> 00:28:56,800
Speaker 5: All right? So I have gotten a phone call about

588
00:28:57,720 --> 00:29:01,960
Speaker 5: about that one particular property right, that one particular property.

589
00:29:03,560 --> 00:29:06,480
Speaker 5: But you know, and just like any other game, just

590
00:29:06,520 --> 00:29:07,880
Speaker 5: like you know what other you know what I'm saying,

591
00:29:07,920 --> 00:29:10,560
Speaker 5: what other podcasts are doing, and who the players are

592
00:29:10,640 --> 00:29:13,880
Speaker 5: and what their targets are. So I knew for a

593
00:29:14,000 --> 00:29:18,160
Speaker 5: fact that there was a hasidic dude who owned the

594
00:29:18,240 --> 00:29:23,480
Speaker 5: two building the opposite of that building, right, So I

595
00:29:23,520 --> 00:29:26,840
Speaker 5: got the phone call on that one, just just random

596
00:29:26,880 --> 00:29:29,800
Speaker 5: somebody who knew, you know, somebody, somebody who knew who

597
00:29:29,840 --> 00:29:33,960
Speaker 5: knew somebody's auntie or this that the other, blah blah blah.

598
00:29:34,040 --> 00:29:36,520
Speaker 5: I got the phone call, so I got I was

599
00:29:36,560 --> 00:29:39,160
Speaker 5: able to buy that crib that was worth seven hundred

600
00:29:39,200 --> 00:29:42,600
Speaker 5: thousand dollars for for four.

601
00:29:42,520 --> 00:29:43,960
Speaker 6: Hundred thousand dollars.

602
00:29:44,480 --> 00:29:47,680
Speaker 5: So I bought that crib with no intention of doing

603
00:29:47,720 --> 00:29:53,760
Speaker 5: anything with it except to extort the guy who owned.

604
00:29:53,480 --> 00:29:55,520
Speaker 2: The other two the other because he wanted the whole block,

605
00:29:55,680 --> 00:29:58,240
Speaker 2: because he wanted to Plus, it just gives them power,

606
00:29:58,480 --> 00:30:00,000
Speaker 2: you know, like to have monopoly.

607
00:30:00,080 --> 00:30:02,480
Speaker 5: You get three in a row, you know, like I'm

608
00:30:02,520 --> 00:30:04,640
Speaker 5: still chasing three in a row, like I've got you know,

609
00:30:04,680 --> 00:30:06,440
Speaker 5: I got a couple of joints where I got.

610
00:30:06,240 --> 00:30:07,800
Speaker 4: You know, two in a row before you get the

611
00:30:07,840 --> 00:30:08,840
Speaker 4: hotel exactly.

612
00:30:10,000 --> 00:30:13,720
Speaker 5: So I basically use you know, I had no I

613
00:30:13,760 --> 00:30:17,160
Speaker 5: had no desire for that building. It was not within

614
00:30:17,280 --> 00:30:19,280
Speaker 5: the confine, you know, it's not It wasn't where I

615
00:30:19,320 --> 00:30:22,320
Speaker 5: was working at the time. But I got it, didn't

616
00:30:22,320 --> 00:30:25,600
Speaker 5: do any work to it, and held it and him

617
00:30:25,640 --> 00:30:27,200
Speaker 5: and I just went back and forth for a few

618
00:30:27,200 --> 00:30:29,720
Speaker 5: months until he gave me, you know, he gave me

619
00:30:30,040 --> 00:30:33,560
Speaker 5: the nine hundred grand. And the thing is, it's not

620
00:30:34,920 --> 00:30:38,480
Speaker 5: it might seem as if I turned four hundred and

621
00:30:38,760 --> 00:30:42,440
Speaker 5: nine hundred thousand dollars, that's not really the case. I

622
00:30:42,520 --> 00:30:48,720
Speaker 5: really turned one hundred thousand dollars into into five hundred

623
00:30:48,720 --> 00:30:52,120
Speaker 5: thousand dollars in a few months because although the crib

624
00:30:52,240 --> 00:30:54,920
Speaker 5: was was four hundred thousand, I came out of my

625
00:30:54,960 --> 00:30:57,840
Speaker 5: pocket twenty percent down, which was eighty thousand plus closing course,

626
00:30:58,360 --> 00:31:01,120
Speaker 5: which was you know, one hundred thousand, hundred thousand, which

627
00:31:01,160 --> 00:31:04,120
Speaker 5: I put that put that down. But then I sold

628
00:31:04,120 --> 00:31:07,720
Speaker 5: it for nine so you know, that five hundred thousand

629
00:31:07,720 --> 00:31:11,320
Speaker 5: dollars profit was made with one hundred thousand dollars. So

630
00:31:12,160 --> 00:31:15,720
Speaker 5: that is like one of you know, like the best

631
00:31:15,920 --> 00:31:20,000
Speaker 5: g moves, like percentage wise, percentage wise, it's like one

632
00:31:20,040 --> 00:31:22,400
Speaker 5: of the best percentage in time was probably one of

633
00:31:22,440 --> 00:31:27,000
Speaker 5: the best G moves I've made, you know, better than Tesla.

634
00:31:27,560 --> 00:31:29,960
Speaker 7: Like, so when I heard you speaking about that, it

635
00:31:30,000 --> 00:31:31,520
Speaker 7: was like this, do you have some reasons to buy?

636
00:31:31,560 --> 00:31:33,680
Speaker 4: Obviously cash flow is what you were doing equity, so.

637
00:31:33,680 --> 00:31:35,440
Speaker 7: That was your chess move. That was your chess move.

638
00:31:35,480 --> 00:31:38,040
Speaker 7: Then you said there's some portfolio fits. One thing I

639
00:31:38,160 --> 00:31:40,920
Speaker 7: found very interesting it was like, obviously two thousand and

640
00:31:40,960 --> 00:31:44,800
Speaker 7: seven affected the real estate game like no other than

641
00:31:45,000 --> 00:31:49,480
Speaker 7: our generation. But you kept all your properties by hook

642
00:31:49,520 --> 00:31:52,320
Speaker 7: and by crook, Like how did that happen?

643
00:31:53,120 --> 00:32:00,840
Speaker 5: So first of all, like I literally I literally lost everything, right, So,

644
00:32:01,760 --> 00:32:04,880
Speaker 5: like two thousand and six, I was like a hood billionaire,

645
00:32:05,480 --> 00:32:07,520
Speaker 5: you know, like I was. I had a network of

646
00:32:07,600 --> 00:32:09,760
Speaker 5: three million dollars. You know, three million dollars is like.

647
00:32:09,880 --> 00:32:14,440
Speaker 7: A billion dollars a billionaire a fact, yeah, very close

648
00:32:14,480 --> 00:32:16,560
Speaker 7: to a billion, right.

649
00:32:16,920 --> 00:32:21,320
Speaker 5: So but like when everything, you know, I was over leveraged.

650
00:32:21,760 --> 00:32:24,200
Speaker 5: I was spending, you know, I was in, I was in.

651
00:32:24,760 --> 00:32:27,760
Speaker 5: I was in the clubs, you know, four thousand dollar

652
00:32:27,920 --> 00:32:31,320
Speaker 5: nights like maybe two three times a month, you know,

653
00:32:31,440 --> 00:32:34,040
Speaker 5: fifteen hundred dollar nights more than that?

654
00:32:34,160 --> 00:32:36,000
Speaker 3: What clubs were you frequency at this time?

655
00:32:37,880 --> 00:32:41,920
Speaker 4: So many from Club Cheetah to Club all.

656
00:32:41,800 --> 00:32:46,040
Speaker 5: Of that, you know, all of that. I don't know how,

657
00:32:46,280 --> 00:32:48,800
Speaker 5: I ain't actually, but I guess all the Black Diamond

658
00:32:48,880 --> 00:32:50,720
Speaker 5: parties back in the day and.

659
00:32:52,280 --> 00:32:54,000
Speaker 3: China Club, China Club.

660
00:32:54,720 --> 00:32:55,320
Speaker 4: A few times.

661
00:32:56,200 --> 00:32:57,680
Speaker 2: I was going to clubs when I was a little kid,

662
00:32:57,720 --> 00:33:00,080
Speaker 2: like twelve years old. My brother was a promoter and

663
00:33:00,080 --> 00:33:01,680
Speaker 2: I had a fake out and I always looked older

664
00:33:01,720 --> 00:33:05,480
Speaker 2: than I was, So I remember these clubs like all

665
00:33:05,480 --> 00:33:07,040
Speaker 2: of the all of the clubs when I was like

666
00:33:07,080 --> 00:33:10,080
Speaker 2: twelve years old, but that might have been like speed.

667
00:33:10,040 --> 00:33:17,560
Speaker 5: Was the Yeah, I was there spending money, you know,

668
00:33:17,840 --> 00:33:20,640
Speaker 5: like just just getting caught up. You know what I'm saying.

669
00:33:20,760 --> 00:33:22,960
Speaker 4: You were the guy we were watching with our cups.

670
00:33:24,520 --> 00:33:27,560
Speaker 5: And just like just like when I you know, later,

671
00:33:27,720 --> 00:33:31,080
Speaker 5: I was watching Puff with my cups right right, So

672
00:33:31,160 --> 00:33:32,840
Speaker 5: it was just like the same way that promotes, you know,

673
00:33:33,320 --> 00:33:35,520
Speaker 5: made me want to go out and do more. Hopefully

674
00:33:35,720 --> 00:33:39,959
Speaker 5: you know other people did that as well. But anyway,

675
00:33:40,000 --> 00:33:42,920
Speaker 5: I lost everything by like two thousand and two thousand

676
00:33:42,920 --> 00:33:46,760
Speaker 5: and eight, right, and I had a whole bunch of

677
00:33:46,760 --> 00:33:51,160
Speaker 5: cribs and every last one of them was just like

678
00:33:51,720 --> 00:33:55,080
Speaker 5: underwater because I had pulled too much cash out. You know,

679
00:33:55,400 --> 00:33:58,000
Speaker 5: I had I had this big house in Jersey that

680
00:33:58,080 --> 00:34:02,800
Speaker 5: I was paying like seven grand a month for. I

681
00:34:02,840 --> 00:34:05,680
Speaker 5: think I had like a paint one thousand dollars for.

682
00:34:06,160 --> 00:34:10,719
Speaker 5: I had a drop six lease, you know, just everything,

683
00:34:11,320 --> 00:34:11,600
Speaker 5: you know.

684
00:34:14,440 --> 00:34:14,920
Speaker 4: And.

685
00:34:16,239 --> 00:34:19,759
Speaker 3: Yeah, the dough dough was you.

686
00:34:19,719 --> 00:34:23,120
Speaker 5: Know before before we had Instagram models, we had the

687
00:34:23,200 --> 00:34:25,400
Speaker 5: Kse Sleigh models in those magazines.

688
00:34:25,640 --> 00:34:26,120
Speaker 3: Yeah.

689
00:34:26,200 --> 00:34:28,880
Speaker 6: Yeah, So I had a couple of exactly.

690
00:34:28,960 --> 00:34:31,000
Speaker 5: So I had I had a couple of levels on

691
00:34:31,040 --> 00:34:35,880
Speaker 5: the payroll, so literally lost you know what I'm.

692
00:34:35,719 --> 00:34:38,080
Speaker 3: Saying, literally.

693
00:34:41,840 --> 00:34:44,880
Speaker 4: So a couple exactly.

694
00:34:45,239 --> 00:34:49,960
Speaker 5: So So after that, I woke up one day and

695
00:34:50,000 --> 00:34:53,719
Speaker 5: I was just like, yo, I went from positive three

696
00:34:53,760 --> 00:34:57,720
Speaker 5: million to like negative a million when I did the math,

697
00:34:58,719 --> 00:35:00,719
Speaker 5: you know, and I remember but just being in my

698
00:35:00,800 --> 00:35:05,160
Speaker 5: crib waiting waiting to have them come, you know, Like

699
00:35:05,200 --> 00:35:05,600
Speaker 5: I got.

700
00:35:05,440 --> 00:35:07,480
Speaker 6: All the foreclosure notices and stuff.

701
00:35:07,200 --> 00:35:11,640
Speaker 5: Like that, and that's when I basically got on ground,

702
00:35:11,800 --> 00:35:16,000
Speaker 5: you know, Like I had like probably like forty or

703
00:35:16,000 --> 00:35:19,400
Speaker 5: fifty thousand in cash left, and that's when I got

704
00:35:19,520 --> 00:35:22,920
Speaker 5: on my grind. And I I really think that I

705
00:35:22,960 --> 00:35:25,480
Speaker 5: worked for like for like the next two three years

706
00:35:25,800 --> 00:35:31,480
Speaker 5: without a day off, you know, like I was doing everything.

707
00:35:31,719 --> 00:35:35,960
Speaker 5: I had stopped gambling by then. I had opened this

708
00:35:36,000 --> 00:35:39,680
Speaker 5: thing called Law six seventy six. It was a it

709
00:35:39,760 --> 00:35:42,640
Speaker 5: was a studio like and I used to rent that

710
00:35:42,719 --> 00:35:46,200
Speaker 5: out and actually there would have been there would be

711
00:35:46,239 --> 00:35:48,799
Speaker 5: no Brooklyn Bank without Law six seventy six because I was,

712
00:35:48,920 --> 00:35:50,879
Speaker 5: you know, having parties in there and stuff like that,

713
00:35:51,239 --> 00:35:53,480
Speaker 5: and it was an event space.

714
00:35:53,920 --> 00:35:57,080
Speaker 6: So I did that for a while.

715
00:35:58,880 --> 00:36:01,600
Speaker 5: I ended up going to going to India getting a

716
00:36:01,640 --> 00:36:07,680
Speaker 5: hair connected and I started a hair company weaves. Yeah. Yeah,

717
00:36:08,040 --> 00:36:11,120
Speaker 5: like I had the number three. I had the number

718
00:36:11,200 --> 00:36:15,719
Speaker 5: three hair Indian hair company in New York City for

719
00:36:15,840 --> 00:36:16,680
Speaker 5: like a year or two.

720
00:36:16,800 --> 00:36:17,720
Speaker 4: Well known fact.

721
00:36:18,480 --> 00:36:23,000
Speaker 6: Select strands, selectans exactly. So I was doing that.

722
00:36:25,000 --> 00:36:28,680
Speaker 5: I was. I had a I had a card game going.

723
00:36:29,920 --> 00:36:32,480
Speaker 5: You know, I had a card even though I wasn't gambling,

724
00:36:32,520 --> 00:36:36,400
Speaker 5: but I knew, I knew the general gamblers. So I

725
00:36:36,480 --> 00:36:38,400
Speaker 5: was just like, yo, I this card game going.

726
00:36:41,360 --> 00:36:45,040
Speaker 7: You know, so folks, yo, yo, what's up? Yeah, yeah,

727
00:36:45,040 --> 00:36:46,799
Speaker 7: I about to run this game ya playing? Just bring

728
00:36:46,800 --> 00:36:47,680
Speaker 7: your money exactly.

729
00:36:47,760 --> 00:36:49,799
Speaker 3: Okay, So you just had to do what you had

730
00:36:49,800 --> 00:36:51,640
Speaker 3: to do is just get back with and you kept

731
00:36:51,680 --> 00:36:51,920
Speaker 3: them all.

732
00:36:51,960 --> 00:36:53,840
Speaker 2: You kept but you were able to keep your properties

733
00:36:53,880 --> 00:36:55,640
Speaker 2: by doing all these side hustles, all.

734
00:36:55,520 --> 00:36:59,840
Speaker 5: These sizes, twenty four hours a day. I was i

735
00:37:00,160 --> 00:37:01,320
Speaker 5: Airbnb in my crib.

736
00:37:02,080 --> 00:37:02,960
Speaker 4: This is the early stages.

737
00:37:03,040 --> 00:37:07,960
Speaker 5: Yeah, that's when it was called home away and vrbo,

738
00:37:08,719 --> 00:37:12,399
Speaker 5: you know all that other stuff. So I was doing that,

739
00:37:12,800 --> 00:37:14,719
Speaker 5: you know, like letting people stay in my crib like

740
00:37:14,719 --> 00:37:16,560
Speaker 5: five hundred dollars a night while I was sleeping on

741
00:37:16,840 --> 00:37:17,640
Speaker 5: a friend's couch.

742
00:37:18,440 --> 00:37:19,840
Speaker 3: You know, you gotta do what you gotta do.

743
00:37:20,080 --> 00:37:21,320
Speaker 6: Did what I had to do.

744
00:37:21,360 --> 00:37:24,200
Speaker 2: And then you survived. Let me ask you this as

745
00:37:24,239 --> 00:37:28,040
Speaker 2: far as the helock, let's bring it back. You spoke

746
00:37:28,040 --> 00:37:30,080
Speaker 2: about the helock, and we spoked about helocks before a

747
00:37:30,080 --> 00:37:32,040
Speaker 2: little bit. But you want to talk about helocks a

748
00:37:32,040 --> 00:37:34,000
Speaker 2: little bit, like the benefits of it and maybe like

749
00:37:34,080 --> 00:37:35,960
Speaker 2: some things that people may be aware of. There's a

750
00:37:36,000 --> 00:37:39,000
Speaker 2: home equity line of credit, right, different from a refine.

751
00:37:39,360 --> 00:37:39,560
Speaker 3: Yeah.

752
00:37:39,680 --> 00:37:43,600
Speaker 5: No, So so basically you take a helock when you

753
00:37:43,640 --> 00:37:46,600
Speaker 5: have some equity in the property, and it's it's either

754
00:37:46,880 --> 00:37:49,319
Speaker 5: a secondary lian or it could be a primary line

755
00:37:49,360 --> 00:37:52,160
Speaker 5: depending on how much on how much equity you have,

756
00:37:52,480 --> 00:37:55,320
Speaker 5: and it's like it's basically like a credit card.

757
00:37:56,400 --> 00:37:59,400
Speaker 6: Or checking account on your CRIB.

758
00:37:59,600 --> 00:38:02,480
Speaker 5: So you're not paying interest when you're not paying interest

759
00:38:02,840 --> 00:38:05,759
Speaker 5: when you don't owe them any money. But when you

760
00:38:05,800 --> 00:38:08,960
Speaker 5: take the money out, you're paying interest on it. So

761
00:38:09,160 --> 00:38:11,799
Speaker 5: it's like, so let's say you have a CRIB and

762
00:38:11,800 --> 00:38:13,239
Speaker 5: it's worth a million, and.

763
00:38:15,120 --> 00:38:16,719
Speaker 6: You have half half a.

764
00:38:16,680 --> 00:38:19,759
Speaker 5: Million on your mortgage, right, and so now you could

765
00:38:19,760 --> 00:38:23,239
Speaker 5: take up to eighty percent on the helock. So that's

766
00:38:23,239 --> 00:38:25,560
Speaker 5: three hundred thousand dollars a home aquer line of credits.

767
00:38:25,880 --> 00:38:28,640
Speaker 5: So you you have a lean on your property for

768
00:38:28,719 --> 00:38:34,040
Speaker 5: three hundred thousand on that helock. But unless you're using it,

769
00:38:34,840 --> 00:38:36,520
Speaker 5: unless you're using the whole thing.

770
00:38:36,520 --> 00:38:37,359
Speaker 3: You don't have to pay.

771
00:38:37,719 --> 00:38:39,840
Speaker 2: And that's the good thing as far for mindersating, correct

772
00:38:39,840 --> 00:38:41,960
Speaker 2: me if I'm wrong, as far as like with the REFI,

773
00:38:42,400 --> 00:38:45,040
Speaker 2: it's essentially like a second mortgage on your home exactly,

774
00:38:45,120 --> 00:38:47,040
Speaker 2: and you have to pay the interest no matter what

775
00:38:47,360 --> 00:38:48,840
Speaker 2: interest and principle.

776
00:38:48,520 --> 00:38:49,759
Speaker 3: Interest in principal, no matter what.

777
00:38:49,800 --> 00:38:52,680
Speaker 2: But you get the money where the home equity line

778
00:38:52,680 --> 00:38:54,319
Speaker 2: of credit, you take the.

779
00:38:54,360 --> 00:38:56,640
Speaker 3: Money out as you need it, as you need it.

780
00:38:57,040 --> 00:38:59,120
Speaker 3: It's just available to you exactly.

781
00:38:59,239 --> 00:39:03,239
Speaker 7: So are the interest rates high?

782
00:39:03,280 --> 00:39:08,880
Speaker 5: The interest rates are typically around what what what the

783
00:39:08,960 --> 00:39:12,080
Speaker 5: regular regular thing is, what what you normally save on

784
00:39:12,440 --> 00:39:18,319
Speaker 5: is the closing course, because there's typically exactly so with

785
00:39:18,440 --> 00:39:20,239
Speaker 5: with the homemaker line of credit. You always gott to

786
00:39:20,280 --> 00:39:22,960
Speaker 5: just do the math on all right, I'm gonna be

787
00:39:23,000 --> 00:39:25,920
Speaker 5: paying this much interest on it. I'm gonna be paying

788
00:39:25,920 --> 00:39:31,240
Speaker 5: this much interest on it, and and if I, if I,

789
00:39:31,239 --> 00:39:33,359
Speaker 5: if I make a decision, it has to cover this

790
00:39:33,480 --> 00:39:38,359
Speaker 5: interest plus make me more, you know, Like earlier this year,

791
00:39:38,680 --> 00:39:42,280
Speaker 5: I took out, I banged o all my I banged

792
00:39:42,280 --> 00:39:47,680
Speaker 5: got all my helocks because I didn't want them to.

793
00:39:46,440 --> 00:39:48,319
Speaker 2: Cancel it when you couldn't get it. That's something that yeah,

794
00:39:49,080 --> 00:39:52,040
Speaker 2: MG Matt had said that before. He said that before COVID.

795
00:39:52,400 --> 00:39:55,520
Speaker 2: He was like, yo, yeah, He's like, you know, take

796
00:39:55,520 --> 00:39:57,319
Speaker 2: it out, yeah, because it's like monopoly money, like if

797
00:39:57,360 --> 00:39:59,080
Speaker 2: the value of your home goes down, and that's going

798
00:39:59,160 --> 00:40:01,520
Speaker 2: to affect your refine and your your helocks. So it's

799
00:40:01,560 --> 00:40:04,480
Speaker 2: like he said that, like co COVID, you never know,

800
00:40:04,480 --> 00:40:07,080
Speaker 2: they can just it's not like it's guaranteed they can

801
00:40:07,120 --> 00:40:09,640
Speaker 2: cancel it. So it's like you don't need to use it,

802
00:40:09,680 --> 00:40:11,200
Speaker 2: you don't have to use it, but at least you

803
00:40:11,280 --> 00:40:12,960
Speaker 2: have it locked in and then if you need to

804
00:40:13,040 --> 00:40:13,880
Speaker 2: use it, it's available now.

805
00:40:14,080 --> 00:40:14,680
Speaker 4: That literally happened.

806
00:40:14,719 --> 00:40:16,080
Speaker 7: I went to the bank in January because I was

807
00:40:16,120 --> 00:40:17,640
Speaker 7: going to refile, and I hit mad. I'm like, yo,

808
00:40:17,800 --> 00:40:19,839
Speaker 7: run me some numbers on the refile and I'll run

809
00:40:19,920 --> 00:40:22,160
Speaker 7: me some numbers for the helock. And I went back

810
00:40:22,160 --> 00:40:24,480
Speaker 7: to the bank in March, helock wasn't available anymore.

811
00:40:24,520 --> 00:40:25,840
Speaker 4: Yeah, I was like, oh damn.

812
00:40:25,960 --> 00:40:28,600
Speaker 5: So so back in March, I had like a million

813
00:40:28,600 --> 00:40:30,479
Speaker 5: in changing helocks and I pulled it all out because

814
00:40:30,480 --> 00:40:32,919
Speaker 5: I was just scared, like I didn't want to wake

815
00:40:33,000 --> 00:40:34,560
Speaker 5: up one day, because that happened to me back in

816
00:40:34,560 --> 00:40:36,560
Speaker 5: two thousand and seven where I woke up one day

817
00:40:36,719 --> 00:40:40,080
Speaker 5: and my heelock or my helocks were gone. So I

818
00:40:40,120 --> 00:40:42,440
Speaker 5: took this cash out, but I just I didn't want

819
00:40:42,480 --> 00:40:43,759
Speaker 5: to just sit with it in the bank, So I

820
00:40:43,880 --> 00:40:45,640
Speaker 5: ended up putting it in the market at that time

821
00:40:46,440 --> 00:40:48,960
Speaker 5: when the market was at this lowest in March.

822
00:40:49,120 --> 00:40:52,120
Speaker 2: In March, you put a million dollars in the market. Yeah,

823
00:40:52,160 --> 00:40:53,440
Speaker 2: and what stock did you put it in?

824
00:40:54,960 --> 00:40:56,160
Speaker 5: Amazon? Tesla?

825
00:40:57,320 --> 00:40:57,680
Speaker 3: Apple?

826
00:40:58,200 --> 00:40:59,840
Speaker 5: Nah, Amazon Tesla?

827
00:41:00,640 --> 00:41:05,080
Speaker 8: This V G T G T talk about that A

828
00:41:05,120 --> 00:41:07,640
Speaker 8: lot of this alum v F.

829
00:41:07,600 --> 00:41:11,600
Speaker 5: I A X which is a Vanguard, which is a vanguard,

830
00:41:11,680 --> 00:41:16,640
Speaker 5: t ts Ian which is a Chinese, which is a

831
00:41:16,719 --> 00:41:17,319
Speaker 5: Chinese one.

832
00:41:17,400 --> 00:41:19,640
Speaker 6: Why I double n that one? They make me no

833
00:41:19,680 --> 00:41:20,560
Speaker 6: real money.

834
00:41:23,000 --> 00:41:27,560
Speaker 5: And I put it baba. Yeah, I didn't make no

835
00:41:27,560 --> 00:41:30,440
Speaker 5: real money on that, like because I got that in

836
00:41:30,640 --> 00:41:32,960
Speaker 5: about two hundred and it's like two fifty now.

837
00:41:34,120 --> 00:41:36,880
Speaker 4: But that test is a little different, yeah, hit a

838
00:41:36,920 --> 00:41:37,480
Speaker 4: little different.

839
00:41:37,760 --> 00:41:39,520
Speaker 3: So you so you so all right?

840
00:41:39,640 --> 00:41:41,799
Speaker 2: This is just important for people to understand because it's

841
00:41:41,800 --> 00:41:44,360
Speaker 2: like you always got a plan for worst case scenario,

842
00:41:44,400 --> 00:41:46,080
Speaker 2: so when you saw them, it's like, all right, COVID

843
00:41:46,080 --> 00:41:47,920
Speaker 2: is hitting this about to get crazy.

844
00:41:48,000 --> 00:41:48,600
Speaker 3: Don't panic.

845
00:41:49,400 --> 00:41:53,200
Speaker 2: Let me let me gather this much money as money

846
00:41:53,239 --> 00:41:55,040
Speaker 2: as I possibly came out of my house before they

847
00:41:55,040 --> 00:41:56,000
Speaker 2: shut this he locked in.

848
00:41:57,280 --> 00:41:59,520
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849
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867
00:43:00,760 --> 00:43:03,000
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868
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869
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876
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894
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895
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Speaker 1: all you need.

896
00:44:46,280 --> 00:44:48,399
Speaker 3: Do you get a million dollars? You say?

897
00:44:48,440 --> 00:44:48,760
Speaker 5: Okay?

898
00:44:49,320 --> 00:44:54,680
Speaker 2: Stock market crashed literally crashed, and probably a good time

899
00:44:54,719 --> 00:44:57,160
Speaker 2: to put money in the market might be abotto, you

900
00:44:57,200 --> 00:44:58,919
Speaker 2: put it in at a low point.

901
00:45:00,040 --> 00:45:03,279
Speaker 3: Guy rockets. Over the next couple of months, what did

902
00:45:03,280 --> 00:45:04,239
Speaker 3: that million turn into?

903
00:45:09,840 --> 00:45:13,319
Speaker 7: He said, my CPA, it might advise me not to

904
00:45:14,239 --> 00:45:16,000
Speaker 7: I mean, well, how about this, how about this?

905
00:45:16,040 --> 00:45:17,600
Speaker 4: How about this? Not what it turned into?

906
00:45:18,400 --> 00:45:23,080
Speaker 7: How did you allocate the million equally throughout those assets?

907
00:45:24,239 --> 00:45:24,279
Speaker 5: No?

908
00:45:24,480 --> 00:45:26,600
Speaker 7: Oh, you just dumb, like, yeah, I'm putting one hundred

909
00:45:26,640 --> 00:45:27,759
Speaker 7: thousand in Tesla.

910
00:45:28,680 --> 00:45:31,680
Speaker 5: Tesla, Tesla, mad At Tesla because I only put I

911
00:45:31,719 --> 00:45:34,640
Speaker 5: only put like, I think, like fifty grand in Tesla. Okay,

912
00:45:34,680 --> 00:45:37,080
Speaker 5: you know, like and I had put I put like

913
00:45:37,520 --> 00:45:39,880
Speaker 5: half a million. I put like half a million in

914
00:45:40,560 --> 00:45:45,360
Speaker 5: Amazon Amazon, right, and that that one.

915
00:45:45,239 --> 00:45:48,000
Speaker 4: Did well, that did great. But I'm just I'm running

916
00:45:48,040 --> 00:45:48,480
Speaker 4: the numbers.

917
00:45:48,520 --> 00:45:50,279
Speaker 7: But if that half a million would have been in

918
00:45:50,280 --> 00:45:53,800
Speaker 7: Tesla after it ran up to like fourteen hundred, then split.

919
00:45:53,960 --> 00:46:01,320
Speaker 5: I know, I know, I know, But what can you do?

920
00:46:02,440 --> 00:46:02,680
Speaker 4: Money?

921
00:46:02,840 --> 00:46:04,680
Speaker 5: Part of the game, part of the game that I've

922
00:46:05,160 --> 00:46:07,560
Speaker 5: that I've learned is you know, you got to keep

923
00:46:07,560 --> 00:46:10,439
Speaker 5: looking forward the next thing, and you know, like there's

924
00:46:10,440 --> 00:46:13,719
Speaker 5: always opportunities and you'll never you'll never ever.

925
00:46:13,560 --> 00:46:14,239
Speaker 6: Get all of them.

926
00:46:14,800 --> 00:46:18,239
Speaker 5: It's impossible, exactly. Like you you know, there's a you

927
00:46:18,320 --> 00:46:21,120
Speaker 5: got a handful, you know what I'm saying, and you,

928
00:46:21,120 --> 00:46:22,759
Speaker 5: you know, to pick something up, you always have to,

929
00:46:23,200 --> 00:46:25,560
Speaker 5: you know, let something go to pick something up. So

930
00:46:25,920 --> 00:46:28,040
Speaker 5: you're hoping that what you're picking up is greater than

931
00:46:28,080 --> 00:46:28,719
Speaker 5: what you're letting go.

932
00:46:28,880 --> 00:46:30,840
Speaker 3: And you leverage a lot of time, people say like

933
00:46:30,840 --> 00:46:32,960
Speaker 3: which one is it better? In real estate? Stocks? But

934
00:46:33,000 --> 00:46:34,359
Speaker 3: you leveraged both that you could do both.

935
00:46:34,400 --> 00:46:36,480
Speaker 2: You could you leverage your real estate to put money

936
00:46:36,480 --> 00:46:38,319
Speaker 2: in stocks, and then you could take the money out

937
00:46:38,320 --> 00:46:39,839
Speaker 2: of stocks and buy the more real estate. And it's

938
00:46:39,880 --> 00:46:42,359
Speaker 2: like it's a combination. It's a one two punch. It's

939
00:46:42,360 --> 00:46:44,640
Speaker 2: not like only do real estate, it's one of the

940
00:46:44,760 --> 00:46:47,040
Speaker 2: only do stocks. And that's a perfect example. You leverage

941
00:46:47,080 --> 00:46:49,120
Speaker 2: money in real estate, put it in the stock market,

942
00:46:49,120 --> 00:46:50,759
Speaker 2: made a bunch of money in the stock market, and

943
00:46:50,800 --> 00:46:52,000
Speaker 2: then you know, yeah.

944
00:46:52,000 --> 00:46:56,160
Speaker 5: So like things kind of cooled off, like Amazon is

945
00:46:56,200 --> 00:46:58,959
Speaker 5: cooled off, like I've been I've been waiting.

946
00:46:59,000 --> 00:47:01,400
Speaker 3: I'm just like, yo, come on, come on, four thousands,

947
00:47:01,400 --> 00:47:04,799
Speaker 3: come back to the game.

948
00:47:06,239 --> 00:47:09,600
Speaker 5: What happens hard exactly, But we're stuck at that thirty two, y'all,

949
00:47:10,040 --> 00:47:10,879
Speaker 5: like we've been stuck at.

950
00:47:11,280 --> 00:47:12,200
Speaker 4: I mean three months.

951
00:47:12,239 --> 00:47:14,840
Speaker 7: This is the season though, this is the season for Amazon,

952
00:47:14,920 --> 00:47:18,759
Speaker 7: so you know, sit, let's let's talk about s R

953
00:47:19,719 --> 00:47:20,200
Speaker 7: s ROS.

954
00:47:20,280 --> 00:47:22,719
Speaker 2: Yeah, I was actually going the s ROS because you

955
00:47:22,760 --> 00:47:24,040
Speaker 2: got an interesting story about that.

956
00:47:24,080 --> 00:47:26,000
Speaker 3: What is an s R First and foremast.

957
00:47:25,760 --> 00:47:30,200
Speaker 5: Single room occupancy in New York City where it's a

958
00:47:30,239 --> 00:47:33,040
Speaker 5: Class B apartment. So it's not it's not like the

959
00:47:33,120 --> 00:47:37,120
Speaker 5: Class A apartment. Like there's a lot of rules and

960
00:47:37,160 --> 00:47:41,040
Speaker 5: regulations that the city, the city pretty much comes down

961
00:47:41,080 --> 00:47:43,200
Speaker 5: and tells you what you can do, what you can't do.

962
00:47:44,160 --> 00:47:48,960
Speaker 5: The HPD house, the Housing Preservation Department tells you all

963
00:47:48,960 --> 00:47:50,800
Speaker 5: the things you can and can't do with your s RO.

964
00:47:52,239 --> 00:47:55,960
Speaker 5: It initially, the the s R program was initially a

965
00:47:56,000 --> 00:48:00,480
Speaker 5: program for for like the the the do who came

966
00:48:00,520 --> 00:48:04,359
Speaker 5: back from war so they could have a safe place

967
00:48:04,400 --> 00:48:07,880
Speaker 5: to stay and stuff like that. And over the years,

968
00:48:07,960 --> 00:48:10,239
Speaker 5: you know, like you know, the city is mad late

969
00:48:10,280 --> 00:48:13,359
Speaker 5: to always change these old things. So all these old

970
00:48:13,440 --> 00:48:15,400
Speaker 5: rules still apply.

971
00:48:16,239 --> 00:48:19,840
Speaker 4: So the Class A and what SRO is the difference?

972
00:48:20,280 --> 00:48:21,280
Speaker 4: What are some of the differences.

973
00:48:21,320 --> 00:48:23,120
Speaker 7: Is it like it has to have a full bathroom

974
00:48:23,200 --> 00:48:24,800
Speaker 7: or have bathroom some of the differences.

975
00:48:24,920 --> 00:48:28,680
Speaker 5: Well, an apartment, an apartment, you need a bedroom and

976
00:48:29,160 --> 00:48:32,360
Speaker 5: bathroom in the kitchen. In a class a apartment, in

977
00:48:32,800 --> 00:48:37,360
Speaker 5: a in an sro, you need you need a bedroom

978
00:48:37,800 --> 00:48:41,600
Speaker 5: and you need access to a bathroom and access to

979
00:48:41,680 --> 00:48:42,200
Speaker 5: a kitchen.

980
00:48:42,920 --> 00:48:44,000
Speaker 4: Okay, you know what I'm saying.

981
00:48:44,320 --> 00:48:45,480
Speaker 6: So you don't you.

982
00:48:45,440 --> 00:48:50,200
Speaker 5: Don't necessarily have to have a have your your bathroom

983
00:48:50,400 --> 00:48:51,719
Speaker 5: and your kitchen in your unit.

984
00:48:52,239 --> 00:48:56,400
Speaker 7: So this feels like almost like college dormage exactly. Okay,

985
00:48:56,560 --> 00:48:58,440
Speaker 7: So it's like we could have the we could have

986
00:48:58,440 --> 00:49:02,920
Speaker 7: a quad with bedrooms and shared bathroom, share.

987
00:49:03,080 --> 00:49:07,040
Speaker 5: A single room occupancy. So and the thing about it,

988
00:49:07,560 --> 00:49:11,400
Speaker 5: so now, over the last few over the last decade,

989
00:49:11,680 --> 00:49:14,600
Speaker 5: you know, like when when the market has gone crazy

990
00:49:14,640 --> 00:49:19,000
Speaker 5: and and and you know, the values of these brownstones

991
00:49:19,000 --> 00:49:19,640
Speaker 5: and buildings and.

992
00:49:19,600 --> 00:49:20,759
Speaker 6: Stuff like that.

993
00:49:22,280 --> 00:49:25,920
Speaker 5: Skyrocketed, the city has put things in the place to protect,

994
00:49:26,120 --> 00:49:28,160
Speaker 5: to protect the people, protect the tenants.

995
00:49:28,200 --> 00:49:29,759
Speaker 6: Because we're living in a blue state.

996
00:49:29,600 --> 00:49:34,960
Speaker 5: State, you know, out out in Texas, California, I mean Texas,

997
00:49:35,040 --> 00:49:41,279
Speaker 5: Arizona and stuff like that. Florida, Arizona's blue now, but

998
00:49:41,800 --> 00:49:45,480
Speaker 5: typically the red states, you don't pay your rent, gotta

999
00:49:45,520 --> 00:49:49,440
Speaker 5: go right, But you know, New York is not. It's

1000
00:49:49,520 --> 00:49:51,360
Speaker 5: not that type of place, its not that type of party.

1001
00:49:51,520 --> 00:49:54,359
Speaker 5: So there's a lot of laws that protect them. So

1002
00:49:55,120 --> 00:49:57,560
Speaker 5: one of the things that protects s ros right now

1003
00:49:58,160 --> 00:50:03,799
Speaker 5: is something that they call a certifically non harassment, whereas

1004
00:50:04,040 --> 00:50:09,319
Speaker 5: if if you before, before you can convert an SRO

1005
00:50:09,560 --> 00:50:12,160
Speaker 5: into a class A apartment or into a house or

1006
00:50:12,200 --> 00:50:16,000
Speaker 5: anything like that, you have to get a certificate non

1007
00:50:16,000 --> 00:50:19,239
Speaker 5: harassment where you know, HPD does an investigation to find

1008
00:50:19,280 --> 00:50:22,120
Speaker 5: out if the tenants were harassed on their way out

1009
00:50:22,320 --> 00:50:25,560
Speaker 5: or anything like that, and if that, if that's the case,

1010
00:50:26,800 --> 00:50:31,600
Speaker 5: if that's the case, you're pretty much stuck. You're pretty

1011
00:50:31,640 --> 00:50:35,200
Speaker 5: much stuck because they'll put like a three year a

1012
00:50:35,360 --> 00:50:38,320
Speaker 5: three year penalty on you before you could apply again.

1013
00:50:39,600 --> 00:50:47,480
Speaker 5: So I purchased, I purchased an SRO and a building,

1014
00:50:47,560 --> 00:50:53,440
Speaker 5: right yeah, I pursed an sroh and the the tenants,

1015
00:50:54,320 --> 00:50:59,960
Speaker 5: you know, thought that they were doing the sella dirty

1016
00:51:00,160 --> 00:51:02,160
Speaker 5: by telling HPD that they were.

1017
00:51:02,040 --> 00:51:04,799
Speaker 6: Harassed and sell don't care.

1018
00:51:04,960 --> 00:51:07,600
Speaker 5: Sell it got their money, so they put that three

1019
00:51:07,680 --> 00:51:11,040
Speaker 5: year you know, that three year ban on me. Oh

1020
00:51:11,400 --> 00:51:14,360
Speaker 5: so I basically paid this, you know, I paid a

1021
00:51:14,360 --> 00:51:17,720
Speaker 5: million plus for a Brownstone and I can't do anything

1022
00:51:17,760 --> 00:51:18,040
Speaker 5: with it.

1023
00:51:18,120 --> 00:51:19,799
Speaker 6: I couldn't do anything with it for three years.

1024
00:51:19,840 --> 00:51:22,520
Speaker 5: So I'm just sitting on this thing, paying hard money

1025
00:51:22,520 --> 00:51:27,319
Speaker 5: on it, paying hard money on it until September of

1026
00:51:27,320 --> 00:51:28,080
Speaker 5: twenty twenty one.

1027
00:51:28,880 --> 00:51:31,200
Speaker 4: That's when you could maybe do renovations.

1028
00:51:30,640 --> 00:51:33,799
Speaker 5: To it, renovated, flip it, do whatever it is.

1029
00:51:33,840 --> 00:51:36,600
Speaker 7: It going to be more lucrative because I'm thinking, let's

1030
00:51:36,680 --> 00:51:38,840
Speaker 7: I mean, I'm sure there's like a square footage requirement

1031
00:51:38,840 --> 00:51:40,640
Speaker 7: that needs that they need to have for the SRO,

1032
00:51:41,239 --> 00:51:43,640
Speaker 7: and so I'm thinking like maybe an apartment that you

1033
00:51:43,640 --> 00:51:44,840
Speaker 7: could get twelve hundred for.

1034
00:51:45,120 --> 00:51:47,359
Speaker 5: Right I can't do anything like I can't bring more

1035
00:51:47,400 --> 00:51:50,239
Speaker 5: people in because if I bring people into rent it now,

1036
00:51:50,719 --> 00:51:53,080
Speaker 5: I'm risking in twenty two.

1037
00:51:53,719 --> 00:51:54,200
Speaker 6: Yeah, but.

1038
00:51:55,840 --> 00:51:58,440
Speaker 5: I don't like where the money's at in New York

1039
00:51:58,440 --> 00:52:01,399
Speaker 5: City right now is getting these stones and converting them

1040
00:52:01,400 --> 00:52:08,319
Speaker 5: into luxury you know, luxury town homes where where you

1041
00:52:08,360 --> 00:52:11,600
Speaker 5: know people could people spend big money on them. So

1042
00:52:11,840 --> 00:52:13,040
Speaker 5: I could turn around and sell it for three and

1043
00:52:13,080 --> 00:52:14,040
Speaker 5: a half four million dollars.

1044
00:52:14,120 --> 00:52:16,080
Speaker 7: Yes, you're not leave looking for the rental income of

1045
00:52:16,120 --> 00:52:18,799
Speaker 7: more units, looking for the like yo, somebody's coming in

1046
00:52:18,840 --> 00:52:20,719
Speaker 7: to buy this for one point one exactly.

1047
00:52:20,760 --> 00:52:23,160
Speaker 5: Okay, well, no, somebody's coming to buy somebody's coming to

1048
00:52:23,160 --> 00:52:24,000
Speaker 5: buy this for four.

1049
00:52:23,800 --> 00:52:25,879
Speaker 4: Million, four million. I'm sorry, what was I talking about?

1050
00:52:25,880 --> 00:52:26,359
Speaker 3: One point one?

1051
00:52:26,480 --> 00:52:28,680
Speaker 5: No, No, one point one is what I paid for it.

1052
00:52:28,960 --> 00:52:32,440
Speaker 5: So now I'm sitting here and I'm paying, you know,

1053
00:52:33,480 --> 00:52:36,399
Speaker 5: like ten ten grand a month, ten grand a month

1054
00:52:36,520 --> 00:52:39,359
Speaker 5: on a property that I can't do nothing.

1055
00:52:39,080 --> 00:52:40,839
Speaker 3: With, you know.

1056
00:52:41,280 --> 00:52:43,400
Speaker 5: But it's a it's a you know, it's it's a

1057
00:52:43,440 --> 00:52:46,080
Speaker 5: decision I'm that I'm making. I'm saying, all right, I'm paying.

1058
00:52:46,120 --> 00:52:50,920
Speaker 5: I'm losing ten grand a month, but I'm losing ten

1059
00:52:50,960 --> 00:52:54,719
Speaker 5: grand a month, but I know when the time comes,

1060
00:52:54,760 --> 00:52:56,880
Speaker 5: I'll be able to sell this for four million.

1061
00:52:57,000 --> 00:52:59,239
Speaker 4: So it's just another version of your chest move exactly right.

1062
00:52:59,320 --> 00:53:02,400
Speaker 3: But as the taxes the tax laws, well yeah.

1063
00:53:02,280 --> 00:53:05,479
Speaker 5: So so now i'm paying interest. So that's one hundred

1064
00:53:05,520 --> 00:53:08,680
Speaker 5: and twenty grand and interest that I'm paying every every year.

1065
00:53:09,239 --> 00:53:11,120
Speaker 5: So if I sell a property, if I if I

1066
00:53:11,160 --> 00:53:14,239
Speaker 5: sold the property, or or if if I if I

1067
00:53:14,320 --> 00:53:18,920
Speaker 5: sold if I sold my Amazon stock, so instead of

1068
00:53:18,920 --> 00:53:22,080
Speaker 5: paying capital gains on X, it'll be X minus one

1069
00:53:22,120 --> 00:53:22,760
Speaker 5: twenty thousand.

1070
00:53:23,640 --> 00:53:26,360
Speaker 2: So because you're taking loss and you're depreciating the assets

1071
00:53:26,360 --> 00:53:28,040
Speaker 2: exactly because you're losing money on it.

1072
00:53:28,080 --> 00:53:30,480
Speaker 5: I'm losing money on I'm losing money on this end.

1073
00:53:30,640 --> 00:53:34,600
Speaker 5: Well not even losing money. It's a business expense. So

1074
00:53:34,840 --> 00:53:37,320
Speaker 5: you know, you're you're taking your deduction from your business

1075
00:53:37,360 --> 00:53:42,600
Speaker 5: expense and so that brings that brings your taxable income down,

1076
00:53:42,640 --> 00:53:45,880
Speaker 5: which it's what keeps what keeps money in your pocket.

1077
00:53:46,320 --> 00:53:49,440
Speaker 7: So in the real estate game, you wear many hats, yes,

1078
00:53:49,920 --> 00:53:53,080
Speaker 7: and that obviously has happened over time. Right, So your

1079
00:53:53,120 --> 00:53:55,719
Speaker 7: initial one was you're the landlord. Yes, So at some

1080
00:53:55,760 --> 00:53:58,920
Speaker 7: point you decide to become the developer, then you become

1081
00:53:58,960 --> 00:54:01,759
Speaker 7: the broker, and then you also become the contractor.

1082
00:54:02,120 --> 00:54:03,759
Speaker 4: What was that process what led to you?

1083
00:54:05,080 --> 00:54:07,040
Speaker 5: And at one part I was a mortgage broker like

1084
00:54:07,040 --> 00:54:07,680
Speaker 5: a man Matt.

1085
00:54:09,239 --> 00:54:12,600
Speaker 7: So what was the thought process that inspires you to say,

1086
00:54:12,640 --> 00:54:14,080
Speaker 7: you know what, I can do this, I can do this.

1087
00:54:14,320 --> 00:54:16,920
Speaker 5: Let me do this too, just just trying to keep

1088
00:54:16,920 --> 00:54:20,279
Speaker 5: it as much money in house as possible, you know,

1089
00:54:20,680 --> 00:54:23,680
Speaker 5: like once you get the team together, you get the

1090
00:54:23,760 --> 00:54:27,319
Speaker 5: team and everybody's working, you know, for the common goal. Uh,

1091
00:54:27,680 --> 00:54:31,919
Speaker 5: it doesn't make it doesn't make sense to to pay

1092
00:54:31,960 --> 00:54:34,480
Speaker 5: somebody to do something that you could do yourself. It's

1093
00:54:34,600 --> 00:54:39,360
Speaker 5: it's cheaper, you know. And and the more people you

1094
00:54:39,520 --> 00:54:42,520
Speaker 5: the more people you interact with and you connect with

1095
00:54:42,800 --> 00:54:45,840
Speaker 5: on different levels, the more opportunities that come come about.

1096
00:54:46,400 --> 00:54:50,759
Speaker 5: So and it also gives me a better way to

1097
00:54:50,920 --> 00:54:54,520
Speaker 5: look at every opportunity because now when I when I

1098
00:54:54,560 --> 00:54:57,400
Speaker 5: come to you, like when I when an opportunity presents itself,

1099
00:54:57,960 --> 00:55:00,600
Speaker 5: am I am I going to try to Am I

1100
00:55:00,640 --> 00:55:03,600
Speaker 5: going to try to sell this for you? Or am

1101
00:55:03,600 --> 00:55:06,200
Speaker 5: I going to try to buy it for myself? Am

1102
00:55:06,239 --> 00:55:07,800
Speaker 5: I going to sell it for you as a broker?

1103
00:55:08,239 --> 00:55:12,880
Speaker 5: Am I going to try to buy it? Buy it

1104
00:55:12,920 --> 00:55:16,160
Speaker 5: for myself? As a developer? Am I going to say, hey,

1105
00:55:18,719 --> 00:55:21,600
Speaker 5: I'll tell you what you could buy it, but I'll

1106
00:55:21,640 --> 00:55:23,960
Speaker 5: be the contractor for you. You know, I could bring

1107
00:55:24,000 --> 00:55:25,640
Speaker 5: it to you and say, yo, I got this great

1108
00:55:25,640 --> 00:55:27,360
Speaker 5: opportunity for you.

1109
00:55:27,360 --> 00:55:29,600
Speaker 6: You should buy this building and let me fix it.

1110
00:55:30,160 --> 00:55:33,200
Speaker 5: You know. So it's just different, you know, like different

1111
00:55:33,200 --> 00:55:34,080
Speaker 5: ways to make money.

1112
00:55:34,200 --> 00:55:36,080
Speaker 7: Every time you saw another position, it was like cut

1113
00:55:36,080 --> 00:55:38,120
Speaker 7: the middle man, cut the middle man, cut the middle man.

1114
00:55:38,200 --> 00:55:41,880
Speaker 5: And it's more opportunities, more opportunities, more opportunities. And like

1115
00:55:42,080 --> 00:55:45,040
Speaker 5: each each hat that I wear, I have a whole network,

1116
00:55:45,320 --> 00:55:48,200
Speaker 5: and so I'm talking to people and I'm you know,

1117
00:55:49,000 --> 00:55:52,120
Speaker 5: that's where the opportunities come from. You know, Like in

1118
00:55:53,080 --> 00:55:56,120
Speaker 5: the last twenty something years, I could probably you know,

1119
00:55:56,120 --> 00:55:58,279
Speaker 5: I've done a hundred million dollars in transaction, and I

1120
00:55:58,320 --> 00:56:01,359
Speaker 5: could probably tell you that only two times that I've

1121
00:56:01,400 --> 00:56:05,240
Speaker 5: ever purchased something that didn't come from a direct connect,

1122
00:56:06,080 --> 00:56:08,160
Speaker 5: you know, like somebody called me and said, hey, Jude,

1123
00:56:08,160 --> 00:56:11,560
Speaker 5: I got a deal for you. You know, wait for

1124
00:56:11,600 --> 00:56:14,440
Speaker 5: my pitch. That's my that's my line. You know, I

1125
00:56:14,520 --> 00:56:17,080
Speaker 5: always wait for my pitch. Like if if it's on

1126
00:56:17,280 --> 00:56:20,080
Speaker 5: Street Easy, if it's on if it's on the MLS

1127
00:56:20,080 --> 00:56:22,439
Speaker 5: and stuff like that, and everybody else can see it, it

1128
00:56:22,400 --> 00:56:23,000
Speaker 5: ain't my deal.

1129
00:56:24,160 --> 00:56:26,719
Speaker 2: So at this point, are most of your deals what

1130
00:56:26,880 --> 00:56:29,759
Speaker 2: kind of financing? Are you cash or are you doing

1131
00:56:29,760 --> 00:56:30,760
Speaker 2: traditional financing?

1132
00:56:30,800 --> 00:56:33,360
Speaker 3: Hard money? How are you financing your deals?

1133
00:56:33,760 --> 00:56:37,960
Speaker 5: Whatever makes sense, you know, like if if it's say

1134
00:56:38,040 --> 00:56:42,799
Speaker 5: like I always do the math, right, So if it

1135
00:56:42,840 --> 00:56:45,920
Speaker 5: makes if it makes sense for me to use cash,

1136
00:56:45,960 --> 00:56:48,839
Speaker 5: I'll use cash. If there's enough, if there's enough meat

1137
00:56:48,880 --> 00:56:54,439
Speaker 5: on it where I can can use hard money, I'll.

1138
00:56:54,400 --> 00:56:55,680
Speaker 6: Use hard money.

1139
00:56:55,760 --> 00:56:58,719
Speaker 5: You know, if if if time is not a big deal,

1140
00:56:59,160 --> 00:57:02,279
Speaker 5: and I can go get traditional financing and it'll you know,

1141
00:57:02,400 --> 00:57:04,839
Speaker 5: like this is a house that's gonna praise and and

1142
00:57:04,880 --> 00:57:07,440
Speaker 5: there's a kitchen in the bath and all that other stuff,

1143
00:57:07,560 --> 00:57:08,600
Speaker 5: and and I.

1144
00:57:08,560 --> 00:57:09,960
Speaker 6: Could go to a you know, to go.

1145
00:57:09,960 --> 00:57:12,919
Speaker 5: To Chase or somebody like that. I'll do that. Those

1146
00:57:12,920 --> 00:57:16,080
Speaker 5: are those are my favorites, you know. But most of

1147
00:57:16,080 --> 00:57:20,680
Speaker 5: the time, when there's deals and opportunities, there's usually a

1148
00:57:20,800 --> 00:57:24,120
Speaker 5: reason why you're getting a deal and an opportunity. And

1149
00:57:24,280 --> 00:57:27,440
Speaker 5: nine ten times is that that it's it's a deal

1150
00:57:27,560 --> 00:57:32,920
Speaker 5: because traditional financing won't do it. So you're either stuck.

1151
00:57:33,040 --> 00:57:35,200
Speaker 5: You have a decision to make. You're either gonna use

1152
00:57:35,560 --> 00:57:40,120
Speaker 5: hard money guy, you're gonna use your cash, or or

1153
00:57:40,200 --> 00:57:43,000
Speaker 5: a mixture. What I like to do is I like

1154
00:57:43,080 --> 00:57:49,800
Speaker 5: to take investors where where let's say the hard money

1155
00:57:49,880 --> 00:57:54,480
Speaker 5: the hard money guy is giving me eighty percent eighty percent,

1156
00:57:54,520 --> 00:57:57,160
Speaker 5: and I'll take a couple of investors that that give me,

1157
00:57:57,320 --> 00:58:00,840
Speaker 5: that give me the give me the twenty percent. So

1158
00:58:00,920 --> 00:58:03,720
Speaker 5: I'm literally just coming out of my pocket. Nothing just

1159
00:58:03,880 --> 00:58:05,400
Speaker 5: you know, everything is all sweat equity.

1160
00:58:06,440 --> 00:58:10,720
Speaker 7: So yeah, Rick Ross is famous for having three seeds

1161
00:58:10,960 --> 00:58:12,440
Speaker 7: right color clarity.

1162
00:58:12,440 --> 00:58:13,200
Speaker 4: That's that's his thing.

1163
00:58:13,560 --> 00:58:17,080
Speaker 7: But you have an interesting analogy for your four seas

1164
00:58:17,480 --> 00:58:19,960
Speaker 7: and real estate and while they're important, can you go

1165
00:58:20,000 --> 00:58:24,560
Speaker 7: over it? So you had credit, collateral, connects, and character

1166
00:58:24,840 --> 00:58:25,840
Speaker 7: why they're all important?

1167
00:58:26,160 --> 00:58:31,840
Speaker 5: Credit? You know, like like if the banks, if the

1168
00:58:32,160 --> 00:58:34,680
Speaker 5: banks ain't messing with you, you're dead in the water. You know,

1169
00:58:34,840 --> 00:58:37,520
Speaker 5: like you need that money. You know, you need your credit.

1170
00:58:38,520 --> 00:58:41,440
Speaker 5: It's like one of your most valuable assets. You know

1171
00:58:42,800 --> 00:58:48,000
Speaker 5: you're able to leverage, right, m Collateral you need either

1172
00:58:48,120 --> 00:58:50,000
Speaker 5: cash or something you need.

1173
00:58:50,280 --> 00:58:51,919
Speaker 6: You need to be able to.

1174
00:58:51,960 --> 00:58:54,800
Speaker 5: Prove that you have a track record, you have you

1175
00:58:54,840 --> 00:58:58,080
Speaker 5: have skin in the game. You know, like I had

1176
00:58:58,120 --> 00:59:03,960
Speaker 5: lost I've lost money in business dealings where I was

1177
00:59:03,960 --> 00:59:05,160
Speaker 5: messing with people who didn't.

1178
00:59:04,920 --> 00:59:07,160
Speaker 6: Have any skin in the game, so they just walk away.

1179
00:59:07,320 --> 00:59:10,440
Speaker 5: So it's very important that that you have skin in

1180
00:59:10,440 --> 00:59:19,360
Speaker 5: the game. What's the credit cash connects? Like, it's not

1181
00:59:19,600 --> 00:59:22,280
Speaker 5: it's not it's not bs when they say your network

1182
00:59:22,400 --> 00:59:26,560
Speaker 5: is your network, you know, it's just like the more

1183
00:59:26,600 --> 00:59:30,000
Speaker 5: people you know, the more people, the more the more deals,

1184
00:59:30,000 --> 00:59:33,440
Speaker 5: the more opportunities, the more things that come your way. Right,

1185
00:59:33,520 --> 00:59:37,960
Speaker 5: That's like to me, that's the most important thing. Your connects.

1186
00:59:38,000 --> 00:59:40,560
Speaker 5: You know, your ability, your ability to get it done,

1187
00:59:40,800 --> 00:59:44,880
Speaker 5: your ability to know who you could call, uh, the

1188
00:59:44,880 --> 00:59:48,040
Speaker 5: the resources that come to you, and so forth. And

1189
00:59:48,480 --> 00:59:53,640
Speaker 5: the last one is your character. If if your name

1190
00:59:53,720 --> 00:59:58,240
Speaker 5: is mud, you're dead. You know, like streets talk, you know,

1191
00:59:58,640 --> 01:00:02,680
Speaker 5: you think chicks pillar talk. Like in business, everybody talking.

1192
01:00:02,920 --> 01:00:05,640
Speaker 5: So you do one person dirty, everybody's gonna know, anybody

1193
01:00:05,640 --> 01:00:08,560
Speaker 5: gonna mess with you. Like one of the things I'm

1194
01:00:08,720 --> 01:00:11,120
Speaker 5: really proud of is that I've been in this game

1195
01:00:11,160 --> 01:00:15,760
Speaker 5: twenty plus years. Like I've never I've never jerked anybody

1196
01:00:15,760 --> 01:00:17,680
Speaker 5: on a deal. I've never lied to anybody. I've never

1197
01:00:17,880 --> 01:00:22,240
Speaker 5: I've never taken anything that that didn't belong to me.

1198
01:00:23,520 --> 01:00:28,080
Speaker 5: And I could even say I've never lost anybody money. Well,

1199
01:00:28,080 --> 01:00:29,800
Speaker 5: I lost one person money, but I made it back

1200
01:00:29,880 --> 01:00:34,720
Speaker 5: for him. But like there's been times. There's been times

1201
01:00:34,720 --> 01:00:38,560
Speaker 5: like I've had investors invest in something and I promised

1202
01:00:38,560 --> 01:00:41,600
Speaker 5: them a return and it didn't happen, and you know.

1203
01:00:41,600 --> 01:00:42,200
Speaker 6: I paid out.

1204
01:00:42,400 --> 01:00:44,520
Speaker 5: I paid out like like it did, like everything went

1205
01:00:44,920 --> 01:00:48,560
Speaker 5: cool because I didn't want to burn that bridge, you know, like,

1206
01:00:48,720 --> 01:00:52,080
Speaker 5: oh yo, reinvested in this, You're gonna make excel, You're

1207
01:00:52,080 --> 01:00:54,920
Speaker 5: gonna make X out of this. You know, and I'd

1208
01:00:55,000 --> 01:00:58,439
Speaker 5: rather pay him that, knowing that I could go back

1209
01:00:58,440 --> 01:01:00,800
Speaker 5: to him one day then come back. Yo, it didn't

1210
01:01:00,800 --> 01:01:01,200
Speaker 5: work out.

1211
01:01:01,280 --> 01:01:03,040
Speaker 7: Yo, you know what I'm saying, it's not gonna be

1212
01:01:03,080 --> 01:01:05,680
Speaker 7: worth Yeah, yeah, Rick.

1213
01:01:05,840 --> 01:01:08,480
Speaker 3: I think that's Carol City cartel. If I'm not, I know.

1214
01:01:08,560 --> 01:01:11,400
Speaker 4: But then he says, I mean when you're talking about diamonds.

1215
01:01:13,280 --> 01:01:16,720
Speaker 2: Let me ask you this as far as the because

1216
01:01:16,760 --> 01:01:20,480
Speaker 2: you're a developer, landlord, you're a broker, contractor.

1217
01:01:21,120 --> 01:01:23,360
Speaker 3: So how important is it.

1218
01:01:23,240 --> 01:01:30,000
Speaker 2: For people to learn all aspects of real estate? Or

1219
01:01:30,000 --> 01:01:31,760
Speaker 2: do you think it is important for people to learn

1220
01:01:31,760 --> 01:01:32,919
Speaker 2: all aspects of real estate?

1221
01:01:34,280 --> 01:01:34,520
Speaker 4: You know?

1222
01:01:35,680 --> 01:01:40,160
Speaker 5: Back when I when I was doing here, right, I

1223
01:01:40,240 --> 01:01:45,120
Speaker 5: went to India. I went to India and I learned How.

1224
01:01:44,960 --> 01:01:45,720
Speaker 3: Did you get to India?

1225
01:01:45,920 --> 01:01:46,080
Speaker 5: Yo?

1226
01:01:46,160 --> 01:01:48,400
Speaker 7: In my mind, I want in my mind, all I

1227
01:01:48,400 --> 01:01:49,640
Speaker 7: can think about is American gangs?

1228
01:01:49,920 --> 01:01:51,760
Speaker 4: How Vietnam?

1229
01:01:51,920 --> 01:01:53,760
Speaker 3: How did you go to India to get to get here?

1230
01:01:53,880 --> 01:01:54,720
Speaker 3: How did that happen? All?

1231
01:01:54,800 --> 01:01:55,000
Speaker 4: Right?

1232
01:01:55,360 --> 01:01:58,240
Speaker 5: So I told you things were really bad. So things

1233
01:01:58,280 --> 01:01:59,840
Speaker 5: are really bad. So what do you do when things

1234
01:01:59,840 --> 01:02:03,160
Speaker 5: are be bad? You know, you have a big ass

1235
01:02:03,160 --> 01:02:03,960
Speaker 5: party at your house.

1236
01:02:05,760 --> 01:02:06,320
Speaker 3: That's an option.

1237
01:02:06,880 --> 01:02:09,240
Speaker 4: So remember that was my next guest.

1238
01:02:09,400 --> 01:02:11,520
Speaker 5: Remember I still had this big ass house and you know,

1239
01:02:11,600 --> 01:02:12,280
Speaker 5: out in Jersey.

1240
01:02:12,400 --> 01:02:14,720
Speaker 2: Yeah, so as well, why not if you lose it,

1241
01:02:14,720 --> 01:02:15,920
Speaker 2: at least you have some good memory.

1242
01:02:16,000 --> 01:02:19,520
Speaker 5: Exactly. So I have this pool party, like two hundred

1243
01:02:19,520 --> 01:02:22,040
Speaker 5: people at my crib, this, that, the other people in

1244
01:02:22,040 --> 01:02:25,200
Speaker 5: the pool, this, that, and the next day editions straight stunting.

1245
01:02:26,400 --> 01:02:29,880
Speaker 5: The next day I'm cleaning filters out and I'm pulling.

1246
01:02:29,560 --> 01:02:33,600
Speaker 3: Out hair, hair all over, right.

1247
01:02:33,480 --> 01:02:35,560
Speaker 6: And I'm just like, yo, who did this?

1248
01:02:36,440 --> 01:02:39,320
Speaker 5: Right? So so I'm not I'm not looking at the

1249
01:02:39,320 --> 01:02:41,640
Speaker 5: pictures to figure out what what girl left?

1250
01:02:41,640 --> 01:02:42,240
Speaker 4: What I had?

1251
01:02:42,960 --> 01:02:47,880
Speaker 5: What girl, you know, shedding, shedding my hold? And then

1252
01:02:47,920 --> 01:02:50,200
Speaker 5: I realized it wasn't one girl.

1253
01:02:50,440 --> 01:02:53,080
Speaker 3: It was a whole collection, every girl in it.

1254
01:02:54,000 --> 01:02:55,480
Speaker 5: I was just like, Yo, that's where the money is at.

1255
01:02:55,520 --> 01:02:59,600
Speaker 4: Shout out to all women who just spey, thank you.

1256
01:02:59,200 --> 01:03:04,840
Speaker 5: Thank you, saved your life, saved my life. But so

1257
01:03:05,120 --> 01:03:08,280
Speaker 5: I ended up like doing a little bit research about this.

1258
01:03:08,680 --> 01:03:11,440
Speaker 5: And this was around the time Chris Rock had that

1259
01:03:11,520 --> 01:03:12,200
Speaker 5: good hair thing.

1260
01:03:13,040 --> 01:03:13,560
Speaker 6: Yeah.

1261
01:03:13,800 --> 01:03:17,720
Speaker 5: And then so I'm trying, like the internet wasn't popping

1262
01:03:17,800 --> 01:03:19,479
Speaker 5: popping like it is right now, like you could get

1263
01:03:19,520 --> 01:03:22,840
Speaker 5: anything like like that no matter. So I literally had

1264
01:03:22,880 --> 01:03:26,400
Speaker 5: to go to India to get me a connect, to

1265
01:03:26,440 --> 01:03:28,680
Speaker 5: get me a good connector, U was, I basically have

1266
01:03:28,760 --> 01:03:33,280
Speaker 5: to buy retail and and pretty much make a small margin.

1267
01:03:33,400 --> 01:03:35,680
Speaker 2: So sight unseen, you just went to India and just

1268
01:03:35,720 --> 01:03:38,440
Speaker 2: like figure it out when you get there. Where'd you

1269
01:03:38,520 --> 01:03:41,120
Speaker 2: go to? And I hair capital of the world, the

1270
01:03:41,160 --> 01:03:43,720
Speaker 2: hair capital of the world. Yeah, you got to meet

1271
01:03:43,720 --> 01:03:48,400
Speaker 2: somebody there and they speak English, Yeah, pretty much, they

1272
01:03:48,400 --> 01:03:48,960
Speaker 2: speak English.

1273
01:03:50,040 --> 01:03:55,000
Speaker 5: Okay, So I got the So I basically got the

1274
01:03:55,040 --> 01:03:57,080
Speaker 5: connect got a couple of connectors.

1275
01:03:56,920 --> 01:03:59,840
Speaker 4: Like Frank Lucas I'm thinking going to be.

1276
01:04:00,680 --> 01:04:05,200
Speaker 5: So I go out there and you know, I started

1277
01:04:05,240 --> 01:04:07,960
Speaker 5: buying it. I started buying from somebody and and that

1278
01:04:08,000 --> 01:04:10,360
Speaker 5: didn't work out, and bought from somebody else, you know,

1279
01:04:10,440 --> 01:04:13,520
Speaker 5: until you know, like you know, my first shipment was

1280
01:04:13,560 --> 01:04:14,720
Speaker 5: always great.

1281
01:04:14,800 --> 01:04:15,959
Speaker 6: And then I sent you know what I'm saying.

1282
01:04:16,120 --> 01:04:19,320
Speaker 5: I sent I had a first ship for like, you know,

1283
01:04:19,400 --> 01:04:23,280
Speaker 5: ten keys or something like that, right, and that's.

1284
01:04:23,120 --> 01:04:24,280
Speaker 6: Great, all right?

1285
01:04:24,360 --> 01:04:26,160
Speaker 5: And then so I was just like, all right, send

1286
01:04:26,200 --> 01:04:27,960
Speaker 5: me over fifty keys.

1287
01:04:27,760 --> 01:04:31,520
Speaker 4: Right, that's right, fifty keys of bundles.

1288
01:04:31,600 --> 01:04:35,240
Speaker 5: Fifty keys of bundles. They coming in four package.

1289
01:04:35,880 --> 01:04:40,880
Speaker 7: When we titled this please fifty keys of bundles.

1290
01:04:39,280 --> 01:04:40,480
Speaker 3: So that over you.

1291
01:04:40,920 --> 01:04:41,160
Speaker 8: Yeah.

1292
01:04:41,400 --> 01:04:43,560
Speaker 5: So so what ended up happening was like when I

1293
01:04:43,600 --> 01:04:47,000
Speaker 5: bought the fifty keys, it was just like it was

1294
01:04:47,120 --> 01:04:50,320
Speaker 5: like five keys was good and it was like forty

1295
01:04:50,360 --> 01:04:52,680
Speaker 5: five keys of garbage tongue.

1296
01:04:52,720 --> 01:04:55,480
Speaker 3: It wasn't getting no, Yeah, they sold they sold you.

1297
01:04:55,480 --> 01:04:58,560
Speaker 2: A bad product exactly. So we got screwed over in India

1298
01:04:58,520 --> 01:04:59,200
Speaker 2: a few times.

1299
01:05:00,240 --> 01:05:06,480
Speaker 4: Yeah, personally, habitually yeah, habit app Yeah, yeah, yeah.

1300
01:05:06,240 --> 01:05:09,680
Speaker 2: We started, we did, We did an app and this

1301
01:05:09,800 --> 01:05:12,680
Speaker 2: guy completely screwed us over, ran us for like twenty.

1302
01:05:12,480 --> 01:05:15,200
Speaker 3: Thousand, thirty there was it, thirty thirty bands.

1303
01:05:15,240 --> 01:05:19,040
Speaker 2: Then we hired another Indian to go fly from his

1304
01:05:19,200 --> 01:05:20,960
Speaker 2: part of India to the other part of India.

1305
01:05:21,120 --> 01:05:23,720
Speaker 3: Yeah, he screwed us over and.

1306
01:05:23,640 --> 01:05:25,200
Speaker 4: Then they went on holiday for three weeks.

1307
01:05:26,360 --> 01:05:27,280
Speaker 3: A lot of money in India.

1308
01:05:27,880 --> 01:05:31,560
Speaker 5: He was on he was on Zoom calls with him FaceTime.

1309
01:05:33,000 --> 01:05:35,720
Speaker 2: What'sapp, Like what'sapp calls at like one o'clock in the

1310
01:05:35,720 --> 01:05:38,480
Speaker 2: morning because it's like, you know, one o'clock in the

1311
01:05:38,520 --> 01:05:42,120
Speaker 2: afternoon over there, and they acting like they don't really

1312
01:05:42,120 --> 01:05:42,800
Speaker 2: speak English.

1313
01:05:42,800 --> 01:05:43,720
Speaker 3: Good, it was a whole.

1314
01:05:43,560 --> 01:05:46,400
Speaker 5: Ordeal when they want to Yeah, yeah, it's tough.

1315
01:05:46,440 --> 01:05:49,880
Speaker 2: We should have called you man, it's now, it's real,

1316
01:05:49,960 --> 01:05:51,880
Speaker 2: and it's like all of these stories bring back so

1317
01:05:51,920 --> 01:05:54,840
Speaker 2: many memories because it's like I always say, hustling isn't

1318
01:05:54,840 --> 01:05:56,920
Speaker 2: a hobby. If you're an entrepreneur, you got to get

1319
01:05:56,960 --> 01:05:59,480
Speaker 2: the job done by any means necessary. And it's like

1320
01:05:59,560 --> 01:06:03,600
Speaker 2: even what us like dealing with merchant Pakistan and like

1321
01:06:03,760 --> 01:06:06,840
Speaker 2: we interviewed Derek Grayson. His thing was in China and

1322
01:06:06,880 --> 01:06:09,160
Speaker 2: you gotta wire these people money and you're like hoping

1323
01:06:09,200 --> 01:06:11,840
Speaker 2: they don't screw you over. And it's like people don't

1324
01:06:11,920 --> 01:06:13,880
Speaker 2: understand like this is these are real stories, like this

1325
01:06:14,000 --> 01:06:14,760
Speaker 2: really happens.

1326
01:06:14,480 --> 01:06:16,360
Speaker 3: And really it really can run off with them, Yo,

1327
01:06:17,040 --> 01:06:19,400
Speaker 3: what can you do nothing on the plane?

1328
01:06:19,440 --> 01:06:21,960
Speaker 5: You know? One of the one of my my best

1329
01:06:22,000 --> 01:06:25,920
Speaker 5: flips ever was I had gotten a call. It was

1330
01:06:25,960 --> 01:06:30,680
Speaker 5: like maybe two thousand and two thousand and ten, like

1331
01:06:30,800 --> 01:06:34,880
Speaker 5: my man, my man in my man somewhere, ain't gonna

1332
01:06:34,920 --> 01:06:37,200
Speaker 5: say where caught me up. He was working at the

1333
01:06:37,240 --> 01:06:41,320
Speaker 5: dock someplace and he had a container container full of

1334
01:06:42,400 --> 01:06:45,840
Speaker 5: toilet paper. Right He's like, yo, I get I get

1335
01:06:45,880 --> 01:06:49,280
Speaker 5: you this container for like literally a container for for

1336
01:06:49,360 --> 01:06:52,600
Speaker 5: like for like twenty five hundred. It's like something in

1337
01:06:52,600 --> 01:06:56,400
Speaker 5: the system where the like like he's like, Yo, I've

1338
01:06:56,400 --> 01:06:59,480
Speaker 5: been watching I've been watching this containers. It's nowhere, Like, yo,

1339
01:07:00,280 --> 01:07:02,920
Speaker 5: you can have all the toilet paper in here for

1340
01:07:03,000 --> 01:07:05,640
Speaker 5: twenty five hundred, right, So.

1341
01:07:06,320 --> 01:07:08,240
Speaker 3: That would have been perfect during COVID. Yeah, at the

1342
01:07:08,320 --> 01:07:09,720
Speaker 3: beginning of COVID exactly.

1343
01:07:09,880 --> 01:07:12,840
Speaker 5: So I'm just like, yo, I did the math.

1344
01:07:12,920 --> 01:07:15,360
Speaker 6: I was just like, Yo, that's that's like one.

1345
01:07:15,280 --> 01:07:19,360
Speaker 5: Hundred thousand dollars worth of toilet paper. What paper there? Right?

1346
01:07:19,440 --> 01:07:22,919
Speaker 5: So I'm just like all right, So now I'm calling people,

1347
01:07:22,960 --> 01:07:27,640
Speaker 5: you know, I'm calling like people. So my man tells

1348
01:07:27,680 --> 01:07:30,640
Speaker 5: me he has a connected like where he supplies all

1349
01:07:30,640 --> 01:07:34,800
Speaker 5: the bodegas and and like, you know, I could this

1350
01:07:35,000 --> 01:07:38,880
Speaker 5: and that I ended up. I ended up like sending

1351
01:07:39,040 --> 01:07:42,560
Speaker 5: sending the thing to Panama, like and made like seventy

1352
01:07:42,600 --> 01:07:43,400
Speaker 5: five hundred.

1353
01:07:43,160 --> 01:07:45,280
Speaker 6: Dollars on the deal, right, But.

1354
01:07:46,880 --> 01:07:50,680
Speaker 5: I like my whole thing was like, so I'm sending

1355
01:07:50,680 --> 01:07:55,040
Speaker 5: you twenty five hundred dollars and I've never seen this

1356
01:07:55,120 --> 01:07:58,280
Speaker 5: toilet paper and you're telling me you're sending it to

1357
01:07:58,480 --> 01:08:03,840
Speaker 5: Panama and somebody's gonna send me ten thousand dollars back.

1358
01:08:04,680 --> 01:08:07,320
Speaker 6: And he's like yeah, And I was just.

1359
01:08:07,200 --> 01:08:15,000
Speaker 4: Like rolling the dice.

1360
01:08:16,680 --> 01:08:19,360
Speaker 6: But it worked, right, But.

1361
01:08:24,320 --> 01:08:29,040
Speaker 5: Love it, love it, you know, But but that's the

1362
01:08:29,040 --> 01:08:30,040
Speaker 5: way you lose money too.

1363
01:08:30,960 --> 01:08:31,479
Speaker 4: That's a fact.

1364
01:08:31,560 --> 01:08:31,920
Speaker 5: It worked.

1365
01:08:32,080 --> 01:08:33,720
Speaker 3: Don't try this at home, but it will.

1366
01:08:34,080 --> 01:08:36,360
Speaker 5: It worked out. But the truth of the truth of

1367
01:08:36,400 --> 01:08:42,479
Speaker 5: the battle is like the best like the best cons right,

1368
01:08:42,560 --> 01:08:46,439
Speaker 5: the best con games is when they put the upside

1369
01:08:46,479 --> 01:08:48,960
Speaker 5: in front of you and all you're looking at is

1370
01:08:48,960 --> 01:08:54,400
Speaker 5: the upside potential without the downside risk. Right, So what

1371
01:08:54,640 --> 01:08:57,240
Speaker 5: you know, what I'm saying made off what I'm saying

1372
01:08:57,360 --> 01:09:00,400
Speaker 5: all all them great scams is like, oh, I'm just

1373
01:09:00,400 --> 01:09:03,080
Speaker 5: looking at the upside, you know what I'm saying, Like

1374
01:09:03,439 --> 01:09:06,000
Speaker 5: if but bottom line is if it's too good to

1375
01:09:06,080 --> 01:09:08,960
Speaker 5: be true, most likely it is. You know that one incident,

1376
01:09:09,160 --> 01:09:13,439
Speaker 5: you know that one instance it was it worked in

1377
01:09:13,439 --> 01:09:17,240
Speaker 5: my favor, but in hindsight, like being the man that

1378
01:09:17,280 --> 01:09:20,200
Speaker 5: I am today, I wouldn't have risked it.

1379
01:09:20,560 --> 01:09:22,360
Speaker 2: Yeah, they had a lot of a lot of stuff

1380
01:09:22,400 --> 01:09:25,639
Speaker 2: go like ppe, like masks, Like you can buy these masks,

1381
01:09:25,640 --> 01:09:30,120
Speaker 2: and it's like it's always history, always repeat yourself, and

1382
01:09:31,600 --> 01:09:35,519
Speaker 2: there's always an opportunity for somebody to make money. But

1383
01:09:35,600 --> 01:09:38,479
Speaker 2: you gotta be careful because like you said, I mean

1384
01:09:38,560 --> 01:09:40,760
Speaker 2: those kind of things you hit, but you're going to

1385
01:09:40,800 --> 01:09:42,160
Speaker 2: strike out more times than nothing.

1386
01:09:42,280 --> 01:09:46,439
Speaker 5: Wait for your pitch and and like right now, I'm

1387
01:09:46,479 --> 01:09:48,040
Speaker 5: big on taking risks, but it has to be a

1388
01:09:48,040 --> 01:09:51,840
Speaker 5: calculator risk, and it has to be a calculator risk,

1389
01:09:51,880 --> 01:09:56,280
Speaker 5: and it has to like I have to have a

1390
01:09:56,400 --> 01:10:01,760
Speaker 5: definite plan to control my downs side risk. You know,

1391
01:10:03,200 --> 01:10:05,200
Speaker 5: got gotta have those stop losses in place.

1392
01:10:05,720 --> 01:10:09,320
Speaker 2: Stop loss that's you know, that's important in all aspects.

1393
01:10:10,960 --> 01:10:16,000
Speaker 5: Stop having in place, you know, and like as as

1394
01:10:16,040 --> 01:10:18,960
Speaker 5: you progress, you know, the more you go, like you

1395
01:10:19,040 --> 01:10:20,400
Speaker 5: got to constantly adjust your.

1396
01:10:20,320 --> 01:10:21,920
Speaker 6: Stop losses, you know what I'm saying.

1397
01:10:24,400 --> 01:10:29,880
Speaker 5: The other day. The other day, I I'm involved in

1398
01:10:29,920 --> 01:10:35,759
Speaker 5: this business and I rolled up on the scene and

1399
01:10:35,960 --> 01:10:39,040
Speaker 5: it was like a lot of high risk behavior.

1400
01:10:40,400 --> 01:10:43,880
Speaker 4: Going on and you're analyzing the location.

1401
01:10:44,880 --> 01:10:49,240
Speaker 5: And then I was just like, yo, I'm making money,

1402
01:10:49,240 --> 01:10:51,400
Speaker 5: but I have to shut I got to remove myself

1403
01:10:51,640 --> 01:10:56,360
Speaker 5: because you know, one my reputation to insurance.

1404
01:10:57,160 --> 01:11:01,320
Speaker 3: You know what I'm saying, you get killed, Yeah, that's yeah.

1405
01:11:01,360 --> 01:11:02,679
Speaker 5: It's just like, yo, this is.

1406
01:11:02,600 --> 01:11:06,040
Speaker 2: This is crazy dangerous, very dangerous behavior.

1407
01:11:06,360 --> 01:11:09,000
Speaker 5: It was you know, there was nothing the fairy is

1408
01:11:09,040 --> 01:11:11,400
Speaker 5: going on, but it's just like like you get every

1409
01:11:11,560 --> 01:11:14,240
Speaker 5: uncomfortable Yeah, every step, every step you're take in life,

1410
01:11:14,240 --> 01:11:19,320
Speaker 5: you gotta you know, like like you ain't got I

1411
01:11:19,360 --> 01:11:22,000
Speaker 5: think Jay hasn't said as a line with like yo,

1412
01:11:22,040 --> 01:11:23,640
Speaker 5: I ain't gotta be in the projects all day or

1413
01:11:23,680 --> 01:11:24,120
Speaker 5: something like that.

1414
01:11:25,439 --> 01:11:27,479
Speaker 2: All they talking about how being in the projects all day. Yeah,

1415
01:11:27,560 --> 01:11:28,559
Speaker 2: that sounds stupid to me.

1416
01:11:30,320 --> 01:11:35,479
Speaker 5: So at some point, like as you elevate, you can't

1417
01:11:35,479 --> 01:11:37,240
Speaker 5: be doing the same things you were doing and you

1418
01:11:37,280 --> 01:11:38,960
Speaker 5: can't take the same risks.

1419
01:11:39,479 --> 01:11:41,360
Speaker 2: I'm saying, no, it's very true, and rest in peace

1420
01:11:41,400 --> 01:11:44,040
Speaker 2: to one of our biggest inspirations. Nifty hustles great and

1421
01:11:44,080 --> 01:11:49,479
Speaker 2: it's an unfortunate situation. But sometimes you stay around too long. Jealousy, envy,

1422
01:11:49,680 --> 01:11:52,519
Speaker 2: just and just random things happen in certain neighborhoods where

1423
01:11:52,560 --> 01:11:58,280
Speaker 2: it's you have to elevate and like you can't stay

1424
01:11:58,960 --> 01:12:01,320
Speaker 2: in the same and ironment that you might have grew

1425
01:12:01,360 --> 01:12:04,400
Speaker 2: up in that you once felt comfortable. At some point

1426
01:12:04,640 --> 01:12:06,679
Speaker 2: some one, things that make you used to feel comfortable

1427
01:12:06,720 --> 01:12:10,520
Speaker 2: make you feel uncomfortable. At some point you should feel uncomfortable,

1428
01:12:11,160 --> 01:12:13,439
Speaker 2: and if you feel comfortable, you have to ask yourself

1429
01:12:13,439 --> 01:12:14,439
Speaker 2: why you feel comfortable.

1430
01:12:14,760 --> 01:12:21,200
Speaker 5: Yeah, it's just like like keeping it real or or

1431
01:12:21,280 --> 01:12:26,080
Speaker 5: keep you know, like you One of one of the

1432
01:12:26,120 --> 01:12:29,680
Speaker 5: things that I always try to try to try to

1433
01:12:30,560 --> 01:12:33,719
Speaker 5: say to myself is I'm not going to be loyal

1434
01:12:33,760 --> 01:12:36,280
Speaker 5: and I'm not going to be faithful to my old self.

1435
01:12:37,120 --> 01:12:37,759
Speaker 6: You know what I'm saying.

1436
01:12:39,000 --> 01:12:41,559
Speaker 5: Yeah, it's just like, yo, just because I said it,

1437
01:12:41,960 --> 01:12:44,760
Speaker 5: Just because I said it, you know, five years ago,

1438
01:12:44,920 --> 01:12:47,880
Speaker 5: two years ago, you know, doesn't mean that it has

1439
01:12:47,920 --> 01:12:56,000
Speaker 5: to stand true, you know, and you know, not for nothing,

1440
01:12:56,160 --> 01:12:58,400
Speaker 5: never give my heart to something like whatever.

1441
01:12:58,600 --> 01:13:01,000
Speaker 3: Yeah, and it's just like you and now he's married,

1442
01:13:01,080 --> 01:13:01,519
Speaker 3: he's married.

1443
01:13:01,640 --> 01:13:05,519
Speaker 7: Yeah, yeah, yeah, the evolution, but it's the saying it

1444
01:13:05,640 --> 01:13:08,080
Speaker 7: isn't that same lineage of the growth of him and

1445
01:13:08,439 --> 01:13:10,519
Speaker 7: just us listening to the music, it was like we

1446
01:13:10,600 --> 01:13:12,720
Speaker 7: watched them at that point, we watched him become a

1447
01:13:12,760 --> 01:13:15,720
Speaker 7: mature husband and father and the same line It's like, yo,

1448
01:13:15,920 --> 01:13:17,280
Speaker 7: I ain't worked that hard to be the same.

1449
01:13:17,479 --> 01:13:21,320
Speaker 5: Yeah you can't. You can't be scared to contradict yourself.

1450
01:13:21,400 --> 01:13:21,840
Speaker 6: What I'm saying.

1451
01:13:21,920 --> 01:13:24,200
Speaker 4: So the betterment of yourself, right right right.

1452
01:13:24,240 --> 01:13:24,400
Speaker 7: Like.

1453
01:13:26,600 --> 01:13:28,519
Speaker 6: That's how some backwards.

1454
01:13:28,200 --> 01:13:29,960
Speaker 2: That's also true, and you can do that the next

1455
01:13:30,040 --> 01:13:31,840
Speaker 2: day if I don't feel if I don't feel the

1456
01:13:31,840 --> 01:13:35,120
Speaker 2: same way I felt yesterday, I changed my mind. At

1457
01:13:35,120 --> 01:13:37,320
Speaker 2: any point in time, you could reserve the right to

1458
01:13:37,400 --> 01:13:40,040
Speaker 2: change your mind and completely become a different person. That's

1459
01:13:40,040 --> 01:13:42,040
Speaker 2: why I don't. I don't really get into politics too

1460
01:13:42,120 --> 01:13:44,880
Speaker 2: much because the whole things that you said twenty years ago,

1461
01:13:44,920 --> 01:13:47,559
Speaker 2: like you said this, I was, it was nineteen eighty four.

1462
01:13:48,320 --> 01:13:51,000
Speaker 2: I'm a different person now, you know. It's like you

1463
01:13:51,040 --> 01:13:53,439
Speaker 2: can't be held accountable for things that you said thirty

1464
01:13:53,520 --> 01:13:56,360
Speaker 2: years ago. I mean it's like Dame said, like I

1465
01:13:56,400 --> 01:13:59,680
Speaker 2: was pulling champagne on girls, like I was out of

1466
01:13:59,680 --> 01:14:01,439
Speaker 2: my mind fifty years old.

1467
01:14:01,439 --> 01:14:03,400
Speaker 3: Now I wouldn't do that now. I can't help.

1468
01:14:03,479 --> 01:14:05,640
Speaker 2: You can't hold me accountab before what I did when

1469
01:14:05,640 --> 01:14:06,240
Speaker 2: I was twenty eight.

1470
01:14:07,240 --> 01:14:12,439
Speaker 5: Yeah, it's it's wild man, Like, if if.

1471
01:14:12,240 --> 01:14:15,200
Speaker 6: You ain't growing, you staying the same, right, So.

1472
01:14:15,240 --> 01:14:17,559
Speaker 2: Let me ask you this, speaking about growing, let's end

1473
01:14:17,560 --> 01:14:20,439
Speaker 2: it out on this. You have a nonprofit, the Brooklyn Bank.

1474
01:14:20,920 --> 01:14:22,040
Speaker 2: What is the Brooklyn Bank?

1475
01:14:22,400 --> 01:14:25,519
Speaker 5: The Brooklyn Bank. The Brooklyn Bank is like my give

1476
01:14:25,600 --> 01:14:31,400
Speaker 5: back right. So here I am and keeping it real

1477
01:14:31,439 --> 01:14:36,840
Speaker 5: one hundred percent right. I make my money buying properties

1478
01:14:37,800 --> 01:14:43,559
Speaker 5: cheap and selling it to people high and unfortunately most

1479
01:14:43,560 --> 01:14:46,400
Speaker 5: of the people that I sell to they don't look

1480
01:14:46,439 --> 01:14:50,519
Speaker 5: like me. So I love my people. I care about

1481
01:14:50,560 --> 01:14:54,800
Speaker 5: my people. So what I what I did was I

1482
01:14:54,840 --> 01:14:57,599
Speaker 5: went and I actually bought the building, the Brooklyn Bank

1483
01:14:59,000 --> 01:15:02,680
Speaker 5: eight nine six decal bet Stye, real bedsty not you.

1484
01:15:02,600 --> 01:15:06,280
Speaker 3: Know, real best.

1485
01:15:07,400 --> 01:15:14,040
Speaker 5: So so basically, so basically I started to nonprofit where

1486
01:15:14,120 --> 01:15:18,760
Speaker 5: I have a building where I I do financial literacy programs.

1487
01:15:18,800 --> 01:15:25,440
Speaker 5: Like tomorrow, we we giving out toys to the kids Thanksgiving. Thanksgiving,

1488
01:15:25,560 --> 01:15:29,120
Speaker 5: we literally gave out a thousand turkeys and a thousand

1489
01:15:29,360 --> 01:15:31,640
Speaker 5: things of bags of groceries.

1490
01:15:31,280 --> 01:15:31,960
Speaker 6: And stuff like that.

1491
01:15:32,120 --> 01:15:37,640
Speaker 5: So that's that's my personal gift back, you know, my

1492
01:15:37,640 --> 01:15:43,480
Speaker 5: my opportunity to kind of even it out. Like the

1493
01:15:43,600 --> 01:15:47,320
Speaker 5: Brooklyn Bank. What what it's really about is about financial literacy,

1494
01:15:47,400 --> 01:15:51,639
Speaker 5: financial empowerment, and economic empowerment. So I'm really big on teaching,

1495
01:15:51,880 --> 01:15:55,519
Speaker 5: you know, whether whether it's budgeting, whether it's saving, whether

1496
01:15:55,520 --> 01:16:00,240
Speaker 5: it's credit, whether it's real estate, whether it's it's stocks.

1497
01:15:59,600 --> 01:16:03,519
Speaker 6: Just trying to share the information.

1498
01:16:03,479 --> 01:16:05,759
Speaker 5: Because you know, like you guys do a really great,

1499
01:16:05,960 --> 01:16:10,760
Speaker 5: great job on this platform of making the information available

1500
01:16:11,120 --> 01:16:14,200
Speaker 5: to those to those who probably could not get it

1501
01:16:14,400 --> 01:16:17,360
Speaker 5: elsewhere you know, and you make you know, you bring,

1502
01:16:17,600 --> 01:16:22,360
Speaker 5: you bring, you bring the right people on where it's

1503
01:16:22,520 --> 01:16:25,200
Speaker 5: it's not foreign. And that's the problem. A lot of

1504
01:16:25,280 --> 01:16:28,400
Speaker 5: times people think think that these things are out of

1505
01:16:28,479 --> 01:16:33,200
Speaker 5: their out of their out of their reach. So I

1506
01:16:33,280 --> 01:16:39,880
Speaker 5: basically wanted to provide a space, a community, a mindset,

1507
01:16:39,920 --> 01:16:43,120
Speaker 5: and an organization where it's where we're focused on letting

1508
01:16:43,120 --> 01:16:45,680
Speaker 5: people know that, yo, you could do this, you know

1509
01:16:47,960 --> 01:16:51,040
Speaker 5: this whole like my whole real estate thing, right and

1510
01:16:51,120 --> 01:16:53,320
Speaker 5: my real estate, my business and all that other stuff.

1511
01:16:54,040 --> 01:17:00,360
Speaker 5: I didn't invent anything like like I've I've made tens

1512
01:17:00,360 --> 01:17:04,519
Speaker 5: of millions of dollars. Like I didn't create anything. I

1513
01:17:04,520 --> 01:17:08,600
Speaker 5: didn't make anything better. I didn't revolutionize anything. I'm just

1514
01:17:08,680 --> 01:17:13,000
Speaker 5: following the blue print that you know that Andrew Jackson

1515
01:17:13,160 --> 01:17:16,920
Speaker 5: was doing back back in the back in the seventeen hundreds.

1516
01:17:17,360 --> 01:17:20,200
Speaker 5: You know, like you buy, you buy land, and and

1517
01:17:20,200 --> 01:17:22,640
Speaker 5: and you take take that value and you reinvest and

1518
01:17:22,680 --> 01:17:26,320
Speaker 5: this that the other and and and you know, you

1519
01:17:26,320 --> 01:17:29,920
Speaker 5: you practice discipline, you practice delayed gratification. You know, all

1520
01:17:29,920 --> 01:17:33,200
Speaker 5: these little little things like these are all the little

1521
01:17:33,240 --> 01:17:37,439
Speaker 5: things that people have to learn so that they could

1522
01:17:37,479 --> 01:17:38,320
Speaker 5: elevate themselves.

1523
01:17:38,479 --> 01:17:40,200
Speaker 7: So is it is it an event space or is

1524
01:17:40,240 --> 01:17:42,480
Speaker 7: it like almost like a community center where anymore.

1525
01:17:42,160 --> 01:17:43,960
Speaker 4: Of a community center people can come in through it.

1526
01:17:44,000 --> 01:17:46,840
Speaker 5: And we were doing events, we we kind of put

1527
01:17:46,840 --> 01:17:51,280
Speaker 5: that on pause, like like right now I'm focused one

1528
01:17:51,320 --> 01:17:56,360
Speaker 5: hundred percent on doing doing community things. And we're going

1529
01:17:56,400 --> 01:17:59,880
Speaker 5: into schools and you know, bringing in financial literacy stuff.

1530
01:18:00,800 --> 01:18:02,000
Speaker 4: So you just partnered with a school.

1531
01:18:02,120 --> 01:18:05,320
Speaker 5: Yeah, we partnered with a school the other day. I

1532
01:18:05,320 --> 01:18:06,800
Speaker 5: didn't research on you guys. I saw you guys.

1533
01:18:06,840 --> 01:18:08,360
Speaker 6: We've been in the school for years.

1534
01:18:08,439 --> 01:18:08,599
Speaker 5: Yeah.

1535
01:18:08,680 --> 01:18:09,559
Speaker 4: Yeah, I'm a teacher.

1536
01:18:09,840 --> 01:18:13,280
Speaker 5: Okay, So that's dope. But that's really what I'm trying

1537
01:18:13,320 --> 01:18:18,639
Speaker 5: to do. You know, Like like there's a in regards

1538
01:18:18,640 --> 01:18:25,200
Speaker 5: to money, right, like whether whether you have ten million,

1539
01:18:25,600 --> 01:18:28,960
Speaker 5: twenty million, one hundred million, or a billion dollars, right,

1540
01:18:30,120 --> 01:18:32,360
Speaker 5: the price the price of a steak is a price

1541
01:18:32,400 --> 01:18:37,000
Speaker 5: of a steak, so everything else is excess, right. It's like,

1542
01:18:37,200 --> 01:18:41,120
Speaker 5: so that's kind of I'm you know, I'm blessed that

1543
01:18:41,160 --> 01:18:46,559
Speaker 5: I'm at a point in my life where like another

1544
01:18:46,680 --> 01:18:49,880
Speaker 5: check does not change my life, you know, not change

1545
01:18:49,880 --> 01:18:52,240
Speaker 5: the life that I that I enjoy. Leading you know,

1546
01:18:54,479 --> 01:18:56,840
Speaker 5: you had a dude up here. I was watching an

1547
01:18:56,880 --> 01:18:59,240
Speaker 5: episode and he said, yeah, well I got a bigger plane.

1548
01:18:59,280 --> 01:19:07,519
Speaker 11: Now him shout out to him, Oh g free, Yeah,

1549
01:19:07,600 --> 01:19:09,320
Speaker 11: yeah him if he wants a bigger plane.

1550
01:19:09,360 --> 01:19:11,080
Speaker 5: But it's just like I'm at a point in my

1551
01:19:11,120 --> 01:19:16,639
Speaker 5: life where I'm comfortable, you know, like like I don't

1552
01:19:16,680 --> 01:19:18,680
Speaker 5: want to I don't want to be the dude in

1553
01:19:18,760 --> 01:19:23,240
Speaker 5: a Ferrari if everybody can't have a Ferrari, you know,

1554
01:19:23,240 --> 01:19:25,680
Speaker 5: because then then you're looking crazy, you looking like what

1555
01:19:25,680 --> 01:19:27,200
Speaker 5: I'm saying, you looking like lunch, They're.

1556
01:19:27,040 --> 01:19:27,880
Speaker 4: Gonna put you on the menu.

1557
01:19:28,120 --> 01:19:28,320
Speaker 5: Yeah.

1558
01:19:29,040 --> 01:19:35,800
Speaker 3: So you know, at everybody got Borghinis in Atlanta exactly.

1559
01:19:35,880 --> 01:19:36,320
Speaker 3: That's the best.

1560
01:19:36,360 --> 01:19:37,479
Speaker 4: That's that's gonna be tough.

1561
01:19:38,200 --> 01:19:39,400
Speaker 5: There's no COVID in Atlanta.

1562
01:19:39,880 --> 01:19:42,240
Speaker 4: Top that also might be true.

1563
01:19:42,320 --> 01:19:43,839
Speaker 3: That's fact effect.

1564
01:19:44,000 --> 01:19:46,559
Speaker 5: So that's that's the Brooklyn Bank to me, you know,

1565
01:19:46,840 --> 01:19:50,160
Speaker 5: like it's a community. It's it's it's and it's funny

1566
01:19:50,200 --> 01:19:52,360
Speaker 5: because like when I talk to Brooklyn Banks, a lot

1567
01:19:52,439 --> 01:19:55,439
Speaker 5: of times people just think about the physical location, which

1568
01:19:55,479 --> 01:19:59,240
Speaker 5: is cool, you know, because I'm sometimes still in awe

1569
01:19:59,240 --> 01:19:59,479
Speaker 5: of it.

1570
01:19:59,479 --> 01:20:01,559
Speaker 6: It's just like, yo, dude, you got you own a bank?

1571
01:20:01,680 --> 01:20:01,800
Speaker 5: Yo?

1572
01:20:02,160 --> 01:20:03,680
Speaker 4: It was was it a church? First, or was it

1573
01:20:03,720 --> 01:20:04,479
Speaker 4: a bank church?

1574
01:20:05,120 --> 01:20:08,160
Speaker 5: It was a bank, yeah, like it was built. It

1575
01:20:08,200 --> 01:20:10,800
Speaker 5: was built as a bank. Like the whole thing is

1576
01:20:10,800 --> 01:20:15,000
Speaker 5: is like sixteen inch cement in concrete and bricks right

1577
01:20:15,120 --> 01:20:18,599
Speaker 5: with a vault woul a vault and everything. And then

1578
01:20:19,840 --> 01:20:22,679
Speaker 5: in the eighties they started using it as a church

1579
01:20:23,080 --> 01:20:27,240
Speaker 5: when when the bank went under shout out to economics.

1580
01:20:27,600 --> 01:20:31,840
Speaker 5: When the bank went under, they started using it as

1581
01:20:31,840 --> 01:20:34,519
Speaker 5: a church. And then I took you know, I got

1582
01:20:34,520 --> 01:20:41,160
Speaker 5: that deal. And originally, like my line brother had hooked

1583
01:20:41,200 --> 01:20:43,000
Speaker 5: me up on that deal because I got you know,

1584
01:20:43,120 --> 01:20:45,080
Speaker 5: like there was mad people trying to get that building,

1585
01:20:45,720 --> 01:20:50,120
Speaker 5: you know. And one of the one of the caveats

1586
01:20:50,200 --> 01:20:52,800
Speaker 5: of of how I got it, because of how I

1587
01:20:52,840 --> 01:20:57,360
Speaker 5: got it and how I how they accepted my bid

1588
01:20:57,400 --> 01:20:59,839
Speaker 5: instead of some of the other bids that was higher,

1589
01:21:00,160 --> 01:21:01,920
Speaker 5: is that I promised that I would keep doing good

1590
01:21:01,960 --> 01:21:05,320
Speaker 5: working there, you know, like I wouldn't turn it into

1591
01:21:05,320 --> 01:21:08,599
Speaker 5: a strip club or I would knock it down and

1592
01:21:08,680 --> 01:21:10,040
Speaker 5: build condos or nothing like that.

1593
01:21:10,160 --> 01:21:14,600
Speaker 2: So more employees Atlanta might argue that that might be

1594
01:21:16,280 --> 01:21:19,800
Speaker 2: shout out to Shout out to Blue Flint, shout out

1595
01:21:19,840 --> 01:21:23,280
Speaker 2: to Magic City, shout out to twelve.

1596
01:21:24,360 --> 01:21:26,960
Speaker 3: Support black business support businesses.

1597
01:21:27,080 --> 01:21:29,240
Speaker 5: I digress brolex, I.

1598
01:21:29,320 --> 01:21:37,640
Speaker 4: See tell the look up because it's snowing and tousies digress.

1599
01:21:41,160 --> 01:21:44,360
Speaker 3: Okay, there you have it, ladies and gentlemen.

1600
01:21:45,560 --> 01:21:47,240
Speaker 2: It's been a pleasure man, and once again, thank you

1601
01:21:47,240 --> 01:21:48,960
Speaker 2: for teaching that class on Eyo University.

1602
01:21:49,000 --> 01:21:49,559
Speaker 3: That was dope.

1603
01:21:49,920 --> 01:21:51,880
Speaker 2: And tell them about that your experience. I know you

1604
01:21:51,880 --> 01:21:53,760
Speaker 2: you answered questions for like an hour and a half,

1605
01:21:53,840 --> 01:21:55,680
Speaker 2: Like how was that teaching it?

1606
01:21:55,680 --> 01:22:01,519
Speaker 5: It was dope because like prior to like I kind

1607
01:22:01,520 --> 01:22:04,000
Speaker 5: of have it in my in my head how I

1608
01:22:04,040 --> 01:22:07,439
Speaker 5: go about analyzing the deal. So prior to that, I've

1609
01:22:07,479 --> 01:22:11,280
Speaker 5: never really written it down, written the formula down, and

1610
01:22:11,280 --> 01:22:13,640
Speaker 5: and and and wrote it down, and so I'm like

1611
01:22:13,680 --> 01:22:16,559
Speaker 5: looking at like, hey, this is this is real, you know,

1612
01:22:16,680 --> 01:22:20,080
Speaker 5: this is what I do. And it was It was

1613
01:22:20,280 --> 01:22:25,720
Speaker 5: very It was pleasing because like the sometimes sometimes I

1614
01:22:26,360 --> 01:22:26,800
Speaker 5: talk to.

1615
01:22:26,760 --> 01:22:31,519
Speaker 6: People and it's just like they don't get it.

1616
01:22:32,040 --> 01:22:36,520
Speaker 5: But it was good to be in in a a platform,

1617
01:22:36,920 --> 01:22:39,400
Speaker 5: you know, where your earners like this is what they do,

1618
01:22:39,439 --> 01:22:40,880
Speaker 5: and this is what they're trying to this is what

1619
01:22:40,920 --> 01:22:44,719
Speaker 5: they're trying to do when and they're not. The questions

1620
01:22:44,760 --> 01:22:50,400
Speaker 5: were intelligent questions and they you know, you know, you

1621
01:22:50,479 --> 01:22:52,360
Speaker 5: as a teacher, you know how it feels.

1622
01:22:52,000 --> 01:22:54,320
Speaker 4: Like when every every question is a good question.

1623
01:22:54,920 --> 01:22:58,800
Speaker 7: Exactly exactly, Now, yeah, I understand because like when when

1624
01:22:59,040 --> 01:23:01,200
Speaker 7: sometimes when a question this phrase, you can tell somebody's

1625
01:23:01,240 --> 01:23:04,479
Speaker 7: been critically thinking. And that's important, right because it's like,

1626
01:23:04,520 --> 01:23:07,160
Speaker 7: all right, I know that that's coming from a place

1627
01:23:07,200 --> 01:23:09,760
Speaker 7: of of wanting to know, not just I just wanted

1628
01:23:09,760 --> 01:23:11,960
Speaker 7: to say something, and so shout at the earners that

1629
01:23:11,960 --> 01:23:14,599
Speaker 7: asked all those We watched the presentation. It was pretty dark.

1630
01:23:15,240 --> 01:23:17,360
Speaker 2: I didn't get a chance to watch the whole question answer,

1631
01:23:17,439 --> 01:23:19,600
Speaker 2: but they told me it lasted two hours, which is

1632
01:23:19,640 --> 01:23:21,640
Speaker 2: longer than usually. So I know that there was a

1633
01:23:21,640 --> 01:23:23,920
Speaker 2: bunch of questions and answers, So that's dope. They said,

1634
01:23:24,080 --> 01:23:26,800
Speaker 2: most everybody got their question answers, so that's dope.

1635
01:23:27,160 --> 01:23:32,360
Speaker 5: Yeah, Like, you know, my goal, my goal, my personal

1636
01:23:32,400 --> 01:23:34,360
Speaker 5: goal is like like I said, I've made a lot

1637
01:23:34,360 --> 01:23:37,360
Speaker 5: of I've made a lot of mistakes. You know, like

1638
01:23:37,439 --> 01:23:41,960
Speaker 5: there's there's no reason why I'm not sitting, you know,

1639
01:23:42,160 --> 01:23:45,519
Speaker 5: sitting on nine figures right now, except that I made

1640
01:23:45,560 --> 01:23:49,519
Speaker 5: a lot of mistakes. And you know, my goal is

1641
01:23:49,560 --> 01:23:53,400
Speaker 5: to make sure that people don't necessarily make the same

1642
01:23:53,439 --> 01:23:55,559
Speaker 5: mistakes that I made. You're gonna make your own mistakes.

1643
01:23:55,960 --> 01:23:57,880
Speaker 5: But there are a lot of There are a lot

1644
01:23:57,920 --> 01:24:00,000
Speaker 5: of mistakes that I made that could have been avoid

1645
01:24:00,160 --> 01:24:02,160
Speaker 5: if somebody had just pulled me to the side, or

1646
01:24:02,160 --> 01:24:05,559
Speaker 5: if there was a platform like yours where where I

1647
01:24:05,560 --> 01:24:06,640
Speaker 5: could get the knowledge.

1648
01:24:07,520 --> 01:24:09,040
Speaker 3: That's a fact so big.

1649
01:24:09,280 --> 01:24:12,479
Speaker 2: How can people contact you social media handles? What's the information?

1650
01:24:12,560 --> 01:24:14,360
Speaker 2: Brooklyn Bank or any other initiative that you want to

1651
01:24:14,360 --> 01:24:15,120
Speaker 2: make the public aware of?

1652
01:24:16,360 --> 01:24:17,720
Speaker 5: Two places you can get in touch with me. You

1653
01:24:17,720 --> 01:24:19,679
Speaker 5: can get in touch with me at the Brooklyn Bank.

1654
01:24:20,040 --> 01:24:24,320
Speaker 5: That's the Brooklyn Bank as it's spelled, and you could

1655
01:24:24,360 --> 01:24:29,120
Speaker 5: hit me on I g at mister Jude Bernard m

1656
01:24:29,240 --> 01:24:31,320
Speaker 5: R dot j U D E B E R N

1657
01:24:31,320 --> 01:24:31,559
Speaker 5: A r.

1658
01:24:31,640 --> 01:24:33,840
Speaker 3: D Thank you Troy Housekeeping item.

1659
01:24:33,920 --> 01:24:36,200
Speaker 7: Yeah, shout out to everybody on Pertreon dot com. Y'all

1660
01:24:36,240 --> 01:24:38,960
Speaker 7: know that's our proud to paid program. We referenced NIPPED

1661
01:24:38,960 --> 01:24:40,960
Speaker 7: and that's where we got the idea from. So again,

1662
01:24:41,040 --> 01:24:43,719
Speaker 7: rest in peace to NIP. Shout everybody in crenshall shout

1663
01:24:43,840 --> 01:24:45,680
Speaker 7: shout out to everybody that showed us love out there

1664
01:24:45,720 --> 01:24:48,680
Speaker 7: when we visited the West And obviously you know if

1665
01:24:48,720 --> 01:24:50,400
Speaker 7: Tier five members. You get access to E y L

1666
01:24:50,520 --> 01:24:53,120
Speaker 7: University where you can get some good knowledge from some

1667
01:24:53,160 --> 01:24:57,240
Speaker 7: solid professors man, and the exceptional exceptionals top of the line.

1668
01:24:58,000 --> 01:25:01,000
Speaker 7: So we appreciate all the support and shout everybody that

1669
01:25:01,040 --> 01:25:02,640
Speaker 7: has been copying in new merch. I know, y'all, I

1670
01:25:02,680 --> 01:25:04,800
Speaker 7: know y'all saw that that varsity jacket that my boy

1671
01:25:04,880 --> 01:25:09,080
Speaker 7: had on looking looking Chris out there, man, So shout

1672
01:25:09,120 --> 01:25:10,080
Speaker 7: everybody that's supporting that.

1673
01:25:10,200 --> 01:25:10,400
Speaker 3: Man.

1674
01:25:10,439 --> 01:25:12,679
Speaker 7: We are very excited to have it and seeing everybody

1675
01:25:12,680 --> 01:25:15,920
Speaker 7: wearing it is is a testament to hard work, man.

1676
01:25:15,960 --> 01:25:17,120
Speaker 4: So salute to all y'all.

1677
01:25:17,560 --> 01:25:20,120
Speaker 2: Yeah, and once again, shot at you all university. And

1678
01:25:20,160 --> 01:25:21,880
Speaker 2: that's people ask like, what's the difference between this and

1679
01:25:21,880 --> 01:25:24,880
Speaker 2: the podcast, and it's like our question and answers with

1680
01:25:24,920 --> 01:25:27,240
Speaker 2: somebody that you know has forty million dollars in real estate.

1681
01:25:27,240 --> 01:25:28,920
Speaker 2: It's not something that you get to do every day

1682
01:25:29,360 --> 01:25:31,720
Speaker 2: and to have a PowerPoint presentation and stuff like that.

1683
01:25:31,760 --> 01:25:33,080
Speaker 2: So these are different things that we bring to EU

1684
01:25:33,120 --> 01:25:36,600
Speaker 2: A university and we're very, very proud of that platform.

1685
01:25:36,640 --> 01:25:39,040
Speaker 2: So shout out to all the earners out there. Thank

1686
01:25:39,080 --> 01:25:41,639
Speaker 2: you guys for rocking with us. We'll see you next week.

1687
01:25:41,880 --> 01:25:42,160
Speaker 3: Peace.

1688
01:25:42,280 --> 01:25:42,599
Speaker 4: Peace.

1689
01:25:42,880 --> 01:25:43,160
Speaker 5: Peace.

1690
01:25:43,560 --> 01:25:43,760
Speaker 8: Hi.

1691
01:25:44,000 --> 01:25:46,720
Speaker 12: I'm Sherry Harris, owner of Life Source Water. As a

1692
01:25:46,760 --> 01:25:49,960
Speaker 12: new grandmother in lifelong Californian, I care about what's in

1693
01:25:49,960 --> 01:25:53,439
Speaker 12: the water my family uses every day. For over forty years,

1694
01:25:53,520 --> 01:25:56,839
Speaker 12: our whole house water system has protected Bay Area families

1695
01:25:56,880 --> 01:26:00,040
Speaker 12: with filtered water from every tap. Now we're offering a

1696
01:26:00,160 --> 01:26:03,800
Speaker 12: double dip in savings free basic installation plus an extra

1697
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Speaker 12: two hundred and fifty dollars off that's up to twelve

1698
01:26:06,479 --> 01:26:09,200
Speaker 12: hundred dollars in savings. Call our factory at one eight

1699
01:26:09,280 --> 01:26:12,639
Speaker 12: hundred Water ninety nine or visit lifesourcewater dot com hurry

1700
01:26:12,680 --> 01:26:13,800
Speaker 12: offer in September thirty.

1701
01:26:13,920 --> 01:26:15,000
Speaker 5: Warranty limitations apply