1 00:00:03,320 --> 00:00:03,720 Speaker 1: What's up? 2 00:00:03,760 --> 00:00:05,520 Speaker 2: His way up with Angela. Yeah, I'm here at my 3 00:00:05,600 --> 00:00:07,720 Speaker 2: Wealth Wednesday partner Stacy Tisdall. 4 00:00:07,920 --> 00:00:12,000 Speaker 3: Happy Wealth Wednesdays, everybody, and yeal Estate Wednesday. 5 00:00:12,280 --> 00:00:15,240 Speaker 2: This is our Wealth Wednesdays Real Estate Club partner Sam. 6 00:00:15,000 --> 00:00:16,919 Speaker 1: Abraham guest co hosts. 7 00:00:18,320 --> 00:00:22,040 Speaker 3: Be here again and they are into week three now 8 00:00:22,640 --> 00:00:25,200 Speaker 3: of the challenge. Am at the beginning of the month 9 00:00:25,239 --> 00:00:28,720 Speaker 3: and Anthony your property by the end of the month. 10 00:00:28,720 --> 00:00:32,560 Speaker 1: How's it going going good? We are closing this week, 11 00:00:32,640 --> 00:00:36,560 Speaker 1: so we're we're right on track. So excited about this week. 12 00:00:36,720 --> 00:00:46,560 Speaker 2: Yes, yes, that's a big deal. It hasn't been working 13 00:00:46,600 --> 00:00:49,800 Speaker 2: with Anthony because I also know, you know, partnerships can 14 00:00:49,840 --> 00:00:51,479 Speaker 2: be smooth, that can be, but these are kind of 15 00:00:51,560 --> 00:00:52,480 Speaker 2: quick ins and outs. 16 00:00:52,720 --> 00:00:55,800 Speaker 1: Also, Yeah, it's quick in and out. Anthony has been great. 17 00:00:56,280 --> 00:00:59,200 Speaker 1: Then you know we've communicated, Hey, Anthony. 18 00:00:59,120 --> 00:00:59,600 Speaker 4: What's going on? 19 00:00:59,640 --> 00:01:03,960 Speaker 1: Anthony? We've communicated very well. So I'm not I mean, 20 00:01:04,200 --> 00:01:06,120 Speaker 1: we could definitely do another deal together. 21 00:01:06,560 --> 00:01:09,919 Speaker 2: I see this established and now you give him five stars. Yeah, 22 00:01:09,959 --> 00:01:11,800 Speaker 2: for anybody else that he might want to work with, 23 00:01:11,880 --> 00:01:14,200 Speaker 2: because those referrals and references are a big deal. You 24 00:01:14,240 --> 00:01:16,240 Speaker 2: want to know how what was it like to work 25 00:01:16,280 --> 00:01:17,480 Speaker 2: But it's passed around the club. 26 00:01:18,000 --> 00:01:20,080 Speaker 4: So she's doing a JV. And I tell people before 27 00:01:20,120 --> 00:01:22,840 Speaker 4: you go and partner with someone officially joint venture, that's 28 00:01:22,880 --> 00:01:25,839 Speaker 4: a one time partnership on one deal. It does well, 29 00:01:25,959 --> 00:01:28,000 Speaker 4: then you can go make a formal partnership, set up 30 00:01:28,040 --> 00:01:30,120 Speaker 4: an LLC together, and you know go, you know, go 31 00:01:30,200 --> 00:01:32,160 Speaker 4: all in. But it's a great way to test the 32 00:01:32,200 --> 00:01:33,440 Speaker 4: waters and make sure everyone's doing their. 33 00:01:33,400 --> 00:01:35,920 Speaker 3: Partner Yeah, Sam, for people just tuning in, get them 34 00:01:36,000 --> 00:01:38,920 Speaker 3: up to speed on the property and their partnership. 35 00:01:39,080 --> 00:01:41,920 Speaker 4: Yeah. So Stadina and Anthony are buying a single family 36 00:01:41,959 --> 00:01:45,480 Speaker 4: home in Springfield, Ohio. They they founded through the club, 37 00:01:46,120 --> 00:01:47,840 Speaker 4: so it was one of the properties that we presented 38 00:01:47,840 --> 00:01:51,360 Speaker 4: to them. And and Anthony is brand new in the 39 00:01:51,400 --> 00:01:53,880 Speaker 4: in the game, brand new in real estate, and you 40 00:01:53,920 --> 00:01:56,400 Speaker 4: know he's he was able to access some funds and 41 00:01:56,440 --> 00:01:58,760 Speaker 4: his retirement compan he didn't know he can use, which 42 00:01:58,800 --> 00:01:59,320 Speaker 4: we talked about in. 43 00:01:59,280 --> 00:02:04,040 Speaker 3: The last you four ol one K go check out 44 00:02:04,080 --> 00:02:04,720 Speaker 3: the clubs. 45 00:02:04,720 --> 00:02:07,559 Speaker 4: Using those money to buy the property. Stadena is bringing 46 00:02:07,560 --> 00:02:10,079 Speaker 4: her expertise now that she's done now a deal and 47 00:02:10,160 --> 00:02:12,359 Speaker 4: she's bringing her credit and together they're going to do 48 00:02:12,400 --> 00:02:14,839 Speaker 4: a joint venture to buy this eight hundred square foot 49 00:02:14,880 --> 00:02:17,120 Speaker 4: two bedroom home in Springfild, Ohio. They're gonna do the 50 00:02:17,160 --> 00:02:20,040 Speaker 4: burd strategy where they're gonna buy it, renovate it, rented out, 51 00:02:20,160 --> 00:02:22,480 Speaker 4: and refinance it to keep the money properly long term 52 00:02:22,480 --> 00:02:25,280 Speaker 4: with very little money invested long term. And she's been 53 00:02:25,320 --> 00:02:28,519 Speaker 4: she's gone through the contract process, negotiation process gotten, the 54 00:02:28,520 --> 00:02:31,440 Speaker 4: appraisal was done, the financing is in order, and now 55 00:02:31,600 --> 00:02:36,960 Speaker 4: she's going through the checklist to get ready to close. 56 00:02:37,639 --> 00:02:38,880 Speaker 3: What are some of the things you have to do 57 00:02:38,919 --> 00:02:39,880 Speaker 3: to prepare for closing? 58 00:02:41,000 --> 00:02:44,440 Speaker 1: One? Funds, Make sure the funds are are there inaccessible. 59 00:02:45,360 --> 00:02:48,320 Speaker 1: What else do we need? Insurance, Like we talked about 60 00:02:48,360 --> 00:02:51,919 Speaker 1: last week, we want to make sure if something happens 61 00:02:52,000 --> 00:02:54,920 Speaker 1: while we're doing any work that the contractors are covered. 62 00:02:55,200 --> 00:02:58,480 Speaker 1: So insurance is very important. And then you know, we 63 00:02:58,600 --> 00:03:00,960 Speaker 1: signed just a bunch of paperwork. 64 00:03:01,280 --> 00:03:04,600 Speaker 2: Yeah, that's and they do a lot of virtual closings 65 00:03:04,639 --> 00:03:07,400 Speaker 2: now to which since the pandemic, that's been really helpful 66 00:03:07,400 --> 00:03:09,880 Speaker 2: because sometimes you spend hours in the lawyer's office. 67 00:03:10,040 --> 00:03:12,480 Speaker 1: You closed from your home, so don't be sending a 68 00:03:12,480 --> 00:03:16,280 Speaker 1: notary to the house to do everything. So yeah, makes 69 00:03:16,280 --> 00:03:18,600 Speaker 1: it painless, but it is a lot of paperwork. 70 00:03:18,240 --> 00:03:21,080 Speaker 4: When we tell the people that you know why getting 71 00:03:21,120 --> 00:03:23,320 Speaker 4: the right type of insurance is important, right because a 72 00:03:23,360 --> 00:03:25,000 Speaker 4: lot of people think that we're you know, buy a property, 73 00:03:25,000 --> 00:03:27,680 Speaker 4: they get a homeowner's policy, a landlord policy. If you're 74 00:03:27,680 --> 00:03:30,040 Speaker 4: going to do renovations to a property, you need to 75 00:03:30,120 --> 00:03:32,760 Speaker 4: get a builder's risk hazard policy. 76 00:03:32,919 --> 00:03:36,640 Speaker 2: Some insurance companies won't ensure you know, your property wild 77 00:03:36,680 --> 00:03:38,080 Speaker 2: until it's it's finished. 78 00:03:38,400 --> 00:03:40,040 Speaker 4: That's why you need the right one. You can't call 79 00:03:40,400 --> 00:03:44,120 Speaker 4: one of the some of these retail state farm but 80 00:03:44,160 --> 00:03:45,560 Speaker 4: you can't call state farm call. 81 00:03:49,440 --> 00:03:51,400 Speaker 2: She was like, I'm sorry, we can't do this. 82 00:03:54,160 --> 00:03:57,160 Speaker 4: Need insurance companies that target people like US investors that 83 00:03:57,240 --> 00:04:01,520 Speaker 4: let that ensure properties be a older's risk hazard policy. 84 00:04:02,080 --> 00:04:04,200 Speaker 4: You're telling the insurance company from day one, the property 85 00:04:04,240 --> 00:04:06,320 Speaker 4: is going to be vacant, right So number one, that's 86 00:04:06,440 --> 00:04:08,400 Speaker 4: that's a red flag for some insurance companies. They won't 87 00:04:08,480 --> 00:04:10,840 Speaker 4: they won't ensure a vacant property. You're also talking you 88 00:04:10,840 --> 00:04:13,640 Speaker 4: can do new renovations to the property. Insurance companies will 89 00:04:13,680 --> 00:04:16,200 Speaker 4: charge your premium for that because liability is highed when 90 00:04:16,240 --> 00:04:18,080 Speaker 4: there's renovations going on. Someone can put a nail through 91 00:04:18,080 --> 00:04:20,160 Speaker 4: their finger or can do what happened to me in Columbus, 92 00:04:20,200 --> 00:04:22,520 Speaker 4: Ohio where I was doing the roof and I get 93 00:04:22,520 --> 00:04:24,480 Speaker 4: a text from the neighbor saying, hey, the roof will 94 00:04:24,520 --> 00:04:27,039 Speaker 4: just fall off your roof and I was like, oh wow. 95 00:04:27,279 --> 00:04:29,039 Speaker 4: I called the insurance company and said, hey, is my 96 00:04:29,040 --> 00:04:36,520 Speaker 4: insurance good? Like yeah. Then I called the contract I 97 00:04:36,560 --> 00:04:40,599 Speaker 4: said you're okay, don't worry, I'm covering good. 98 00:04:40,839 --> 00:04:43,600 Speaker 2: Listen or even I had a neighbor that was constantly 99 00:04:43,720 --> 00:04:46,159 Speaker 2: complaining and saying this is wrong, that is wrong. This 100 00:04:46,640 --> 00:04:49,480 Speaker 2: caused X, Y, and Z to happen. But the contractor 101 00:04:49,560 --> 00:04:53,159 Speaker 2: had the insurance, and so it is important to have 102 00:04:53,279 --> 00:04:55,880 Speaker 2: that while you know it's working, because you don't want 103 00:04:55,920 --> 00:04:57,240 Speaker 2: to have to be coming out of pocket. 104 00:04:57,480 --> 00:05:02,279 Speaker 3: Exactly exactly in the club, they actually helped you find 105 00:05:02,279 --> 00:05:03,120 Speaker 3: the right insurance. 106 00:05:03,400 --> 00:05:07,400 Speaker 1: Yes, yes, so they do have resources for insurance. Different 107 00:05:07,400 --> 00:05:11,200 Speaker 1: states have different rules and regulations, so yeah, definitely a 108 00:05:11,240 --> 00:05:14,200 Speaker 1: great resource in the insurance departments, saying. 109 00:05:14,040 --> 00:05:15,719 Speaker 3: We're getting everybody the best quotes. 110 00:05:15,600 --> 00:05:17,920 Speaker 4: That's right, the best quotes, the right type of policy 111 00:05:18,000 --> 00:05:19,800 Speaker 4: to make sure they're covered all right, and so we 112 00:05:19,800 --> 00:05:21,560 Speaker 4: can get to the closing table and feel protected. 113 00:05:21,880 --> 00:05:25,760 Speaker 2: Now, aside from all of that, the rehab process, So 114 00:05:25,880 --> 00:05:27,800 Speaker 2: talk to us about that, like how long do you 115 00:05:27,880 --> 00:05:30,480 Speaker 2: estimate because now you already have experience under your belt, 116 00:05:30,760 --> 00:05:34,039 Speaker 2: You've done properties in Saint Louis and Toledo prior to this, 117 00:05:34,800 --> 00:05:37,000 Speaker 2: So what do you estimate as far as how long 118 00:05:37,040 --> 00:05:38,960 Speaker 2: it's going to take to get the rehab done and 119 00:05:39,000 --> 00:05:40,360 Speaker 2: how much it's going to cost. 120 00:05:40,760 --> 00:05:44,039 Speaker 1: So we have budgeted thirty thousand, I believe for the 121 00:05:44,200 --> 00:05:46,560 Speaker 1: for the rehab for this one. So get that money 122 00:05:46,760 --> 00:05:49,640 Speaker 1: from the lenders. Yep. So not out of my pocket, 123 00:05:49,760 --> 00:05:53,760 Speaker 1: out of the lenders pocket. Okay, yes, love it. So 124 00:05:54,680 --> 00:05:57,280 Speaker 1: so yeah, we are probably about a month month and 125 00:05:57,320 --> 00:06:01,640 Speaker 1: a half. I'm probably pushing it with them, but we 126 00:06:01,640 --> 00:06:04,719 Speaker 1: we kind of have our contractors lined up, so you know, 127 00:06:04,760 --> 00:06:06,560 Speaker 1: we were doing that in the process of the due 128 00:06:06,560 --> 00:06:09,599 Speaker 1: diligence and getting funding, like calling contractors, hey are you available, 129 00:06:09,600 --> 00:06:11,320 Speaker 1: because sometimes there are a couple of weeks out right, 130 00:06:11,480 --> 00:06:13,320 Speaker 1: so you want to have that in alignment with when 131 00:06:13,360 --> 00:06:15,960 Speaker 1: you're gonna close so you can get to work, immedia because. 132 00:06:15,720 --> 00:06:17,479 Speaker 2: They be picking up jobs and then like, oh, I 133 00:06:17,480 --> 00:06:18,760 Speaker 2: don't have any guys. 134 00:06:19,200 --> 00:06:21,840 Speaker 1: Come in and work exactly. So that's kind of where 135 00:06:21,880 --> 00:06:24,279 Speaker 1: we are now. We have our contractors lined up to 136 00:06:24,320 --> 00:06:27,839 Speaker 1: come in. So yeah, I mean it's a real quick 137 00:06:27,920 --> 00:06:31,040 Speaker 1: clean out. It's just it's a bunch of stuff everywhere, 138 00:06:31,120 --> 00:06:35,520 Speaker 1: like it's yeah, very cosmetic. It's an it'll be easy. 139 00:06:35,600 --> 00:06:39,800 Speaker 3: So yeah, So you sound like such a pro, but 140 00:06:39,880 --> 00:06:42,400 Speaker 3: you just started investing in met Sam in August. 141 00:06:42,640 --> 00:06:45,680 Speaker 1: Yes, I did. It's all of their I mean the confidence, 142 00:06:45,800 --> 00:06:50,040 Speaker 1: like knowing exactly what to do in certain situations, getting 143 00:06:50,040 --> 00:06:52,760 Speaker 1: on those phone calls and saying hey, like it gives 144 00:06:52,800 --> 00:06:55,599 Speaker 1: you that extra reinforcement so you can have you know, 145 00:06:55,680 --> 00:06:58,000 Speaker 1: that that confidence, like you know, this is a piece 146 00:06:58,000 --> 00:06:58,320 Speaker 1: of cake. 147 00:06:58,440 --> 00:07:02,800 Speaker 4: Like she's talking, she's she's an action taker, right, So 148 00:07:03,120 --> 00:07:05,680 Speaker 4: you're an action taker a right, and you implement the 149 00:07:05,680 --> 00:07:07,560 Speaker 4: stuff you learn. I mean, the sky is the limits 150 00:07:07,680 --> 00:07:09,760 Speaker 4: and that's exactly what she's she's doing right now. 151 00:07:09,880 --> 00:07:11,560 Speaker 2: Is this your first joint venture you've done? 152 00:07:11,960 --> 00:07:15,280 Speaker 1: It is And I don't like partnering with people at all. Ye, 153 00:07:15,600 --> 00:07:18,200 Speaker 1: that's already been to the rodeo And I'm like, because 154 00:07:18,200 --> 00:07:20,080 Speaker 1: I know you've had bad experiences in the past. 155 00:07:20,120 --> 00:07:22,000 Speaker 2: You made that clear the first time came up here. 156 00:07:22,200 --> 00:07:24,080 Speaker 2: You were like, at first, I was a little wary, 157 00:07:24,200 --> 00:07:26,640 Speaker 2: but this has this has been working out. It has, 158 00:07:26,680 --> 00:07:29,600 Speaker 2: it has and because I trust them, I don't think 159 00:07:29,960 --> 00:07:31,960 Speaker 2: they're going to bring me anybody who ain't going to 160 00:07:32,000 --> 00:07:38,160 Speaker 2: be about the visual up to his door. 161 00:07:39,600 --> 00:07:43,080 Speaker 1: So yeah, so that's definitely made a huge difference. Otherwise 162 00:07:43,080 --> 00:07:45,040 Speaker 1: I'd be like, nah, right. 163 00:07:45,320 --> 00:07:47,280 Speaker 3: How are you all feeling within the club in terms 164 00:07:47,360 --> 00:07:50,120 Speaker 3: of having each other's back in the community and the 165 00:07:50,160 --> 00:07:51,480 Speaker 3: loyalty man. 166 00:07:51,440 --> 00:07:54,480 Speaker 1: We love each other seriously, like we did. We went 167 00:07:54,480 --> 00:07:57,680 Speaker 1: to the Dominican and we had a blast getting to 168 00:07:57,720 --> 00:08:02,760 Speaker 1: know each other. Yeah, okay, yeah, absolutely, nice hotel. It was. 169 00:08:02,840 --> 00:08:06,880 Speaker 1: It was a phenomenal experience. That mastermind was really great. 170 00:08:07,280 --> 00:08:09,360 Speaker 1: We now get on calls and we're like, hey, what's 171 00:08:09,400 --> 00:08:11,680 Speaker 1: going on, how are you doing? How is this going? Like, 172 00:08:11,760 --> 00:08:13,800 Speaker 1: you know, we know what each other, you know what 173 00:08:13,920 --> 00:08:17,040 Speaker 1: they're working on, and hey, like I need some help 174 00:08:17,040 --> 00:08:20,120 Speaker 1: in this area, Like hey, have you used this lender before? 175 00:08:20,160 --> 00:08:22,040 Speaker 1: How do you get a draw from you know this 176 00:08:22,240 --> 00:08:25,160 Speaker 1: particular Like so we're community. We get on a call 177 00:08:25,440 --> 00:08:27,200 Speaker 1: and it's it's it's fun. 178 00:08:27,520 --> 00:08:30,360 Speaker 2: That makes such a big difference because even thinking about 179 00:08:30,400 --> 00:08:32,880 Speaker 2: like me doing the building I have in Detroit, how 180 00:08:32,880 --> 00:08:34,280 Speaker 2: hard it was for us to get a lender for 181 00:08:34,320 --> 00:08:37,480 Speaker 2: that because I didn't have any experience doing a thirty 182 00:08:37,559 --> 00:08:41,120 Speaker 2: unit building. That wasn't easy. And so through the process 183 00:08:41,200 --> 00:08:44,360 Speaker 2: of like I got to referral eventually from my real 184 00:08:44,480 --> 00:08:46,720 Speaker 2: estate attorney, but it was literally like down to the 185 00:08:46,720 --> 00:08:49,040 Speaker 2: wire and I was asking any and everybody. We would 186 00:08:49,080 --> 00:08:51,600 Speaker 2: try it everywhere. It was not happening. So much easier 187 00:08:51,640 --> 00:08:53,560 Speaker 2: when you have a group of people that can be 188 00:08:53,920 --> 00:08:55,920 Speaker 2: or lenders themselves that are in the. 189 00:08:55,880 --> 00:08:59,240 Speaker 1: Gras because I think sometimes we miscontrute hard money and 190 00:08:59,240 --> 00:09:01,000 Speaker 1: we're like, oh, no, I don't want that at all, 191 00:09:01,120 --> 00:09:03,960 Speaker 1: Like we don't understand what it is, and then we 192 00:09:04,080 --> 00:09:07,280 Speaker 1: just were, you know you hard money. 193 00:09:07,320 --> 00:09:10,680 Speaker 4: Now people get scared because say, oh, they hear high 194 00:09:10,679 --> 00:09:12,800 Speaker 4: interest rates or they hear no points. 195 00:09:12,520 --> 00:09:13,760 Speaker 1: And that's it sounds hard. 196 00:09:13,960 --> 00:09:16,679 Speaker 4: Hard is the name of it's probably it's not inviting either, right, 197 00:09:16,880 --> 00:09:19,360 Speaker 4: But it's not hard. It's just hard because it's expensive money. 198 00:09:19,480 --> 00:09:20,920 Speaker 4: But if you get to do a deal that you 199 00:09:20,960 --> 00:09:23,640 Speaker 4: otherwise wouldn't do, I much rather pay the points and 200 00:09:23,679 --> 00:09:26,280 Speaker 4: get sixty seventy eighty percent of what the potential profit 201 00:09:26,360 --> 00:09:28,280 Speaker 4: that deal would be. They get one hundred percent of nothing. 202 00:09:28,280 --> 00:09:29,840 Speaker 4: If I don't get the deal funded and. 203 00:09:29,800 --> 00:09:32,000 Speaker 1: It's supposed to be short term, not long term, you know. 204 00:09:32,600 --> 00:09:34,679 Speaker 2: And I think just using the right hard money lenders 205 00:09:34,720 --> 00:09:36,640 Speaker 2: is what makes a big difference too. That's a big 206 00:09:36,679 --> 00:09:38,840 Speaker 2: deal somebody who wants you to win, who wants to 207 00:09:38,880 --> 00:09:41,839 Speaker 2: work with you, because some people can be predatory, and 208 00:09:41,920 --> 00:09:43,840 Speaker 2: it's good to know the difference. 209 00:09:44,080 --> 00:09:45,960 Speaker 3: When you listen to all this in the context of 210 00:09:45,960 --> 00:09:48,640 Speaker 3: Black history months, like you had help figuring out the 211 00:09:48,720 --> 00:09:51,199 Speaker 3: right insurance, you had help figuring out all these fees 212 00:09:51,240 --> 00:09:54,920 Speaker 3: and stuff. Blacks get paid, I mean get charged just 213 00:09:55,679 --> 00:09:58,920 Speaker 3: you know, called the Black tax higher rates for insurance 214 00:10:00,080 --> 00:10:03,240 Speaker 3: JP Morgan Chase. As you're going into that your closing 215 00:10:03,720 --> 00:10:06,959 Speaker 3: found that on transactions we usually pay about two hundred 216 00:10:06,960 --> 00:10:10,440 Speaker 3: and sixty two hundred and sixty dollars more in closing 217 00:10:10,520 --> 00:10:13,920 Speaker 3: cost SAAM. As you think about the club, how important 218 00:10:14,080 --> 00:10:16,880 Speaker 3: is it to have this community to help us mitigate 219 00:10:16,920 --> 00:10:18,240 Speaker 3: some of those Absolutely. 220 00:10:18,280 --> 00:10:20,920 Speaker 4: So Look, a lot of us come from backgrounds where 221 00:10:21,120 --> 00:10:24,760 Speaker 4: you know, maybe maybe some of our family then own homes, right, 222 00:10:25,160 --> 00:10:27,480 Speaker 4: So we don't think it's possible. The club is all 223 00:10:27,520 --> 00:10:30,280 Speaker 4: but showing what is possible, right, Because how you approach 224 00:10:30,320 --> 00:10:33,079 Speaker 4: things is how you do anything. And if you approach 225 00:10:33,120 --> 00:10:36,200 Speaker 4: things with the mindset I can do this, and that's 226 00:10:36,200 --> 00:10:38,320 Speaker 4: what the club does. That's what the community does. It 227 00:10:38,360 --> 00:10:40,679 Speaker 4: gives supports you and uplifts you and shows you, Look, 228 00:10:40,720 --> 00:10:42,840 Speaker 4: if Steina can do it, why can't Anthy? 229 00:10:43,360 --> 00:10:43,520 Speaker 1: Right? 230 00:10:43,559 --> 00:10:46,480 Speaker 4: Absolutely, and now Anthony's that much more likely to have success. 231 00:10:46,760 --> 00:10:49,120 Speaker 4: So the club shows you what's possible as opposed to 232 00:10:49,200 --> 00:10:52,280 Speaker 4: what's not possible. Right. And if you know, I heard 233 00:10:52,320 --> 00:10:54,160 Speaker 4: a quote back from the Dali and Alma back in 234 00:10:54,200 --> 00:10:55,800 Speaker 4: the day that if you think you can, if you 235 00:10:55,800 --> 00:10:58,160 Speaker 4: think you can't, you're right. And that's exactly what the 236 00:10:58,160 --> 00:11:00,079 Speaker 4: club does for you. It gives you that positive I 237 00:11:00,160 --> 00:11:02,760 Speaker 4: can do attitude, a group of people that support that 238 00:11:02,840 --> 00:11:05,240 Speaker 4: want to see you succeed. Right, and then eventually we'll 239 00:11:05,240 --> 00:11:09,559 Speaker 4: probably do deals with you together, right, big, exactly exactly. 240 00:11:09,720 --> 00:11:11,960 Speaker 4: So you know, I think that if you if you're 241 00:11:12,440 --> 00:11:15,640 Speaker 4: wondering about real estate investing, if you've ever thought that 242 00:11:15,880 --> 00:11:18,160 Speaker 4: had an interest in inclination, let me check it out. 243 00:11:18,240 --> 00:11:19,360 Speaker 4: Let me see you know. 244 00:11:19,280 --> 00:11:19,800 Speaker 1: What it is. 245 00:11:20,320 --> 00:11:24,679 Speaker 4: Join the club, right, get a full exposure to anything 246 00:11:24,720 --> 00:11:27,240 Speaker 4: everything real estate, from you know, whole selling real estate 247 00:11:27,280 --> 00:11:29,800 Speaker 4: contracts to save up cash to you know, buying a 248 00:11:29,840 --> 00:11:32,719 Speaker 4: rental portfolio to set up your future, you know, or 249 00:11:32,760 --> 00:11:34,720 Speaker 4: fix and flipping to you know, make some nice you know, 250 00:11:34,760 --> 00:11:36,960 Speaker 4: fat checks, or even building a new construction or doing 251 00:11:36,960 --> 00:11:40,920 Speaker 4: commercial deals. Right. We talk about it all in the club, uh, 252 00:11:41,040 --> 00:11:43,000 Speaker 4: you know, and we've got people that have done all 253 00:11:43,080 --> 00:11:45,680 Speaker 4: aspects of that business of each one of those you know, 254 00:11:45,760 --> 00:11:48,080 Speaker 4: types of real estate. So come in learn first hand 255 00:11:48,120 --> 00:11:50,760 Speaker 4: for people doing the business, and you'll see what's possible, 256 00:11:50,920 --> 00:11:52,080 Speaker 4: not what's not possible. 257 00:11:52,200 --> 00:11:54,680 Speaker 3: Right, And you can check out the club for free tonight. 258 00:11:54,840 --> 00:11:57,679 Speaker 3: If you're doing a free masterclass tonight at seven pm 259 00:11:57,760 --> 00:11:59,959 Speaker 3: Eastern time, you can go to Wealth Wednesday's real Estate 260 00:12:00,200 --> 00:12:02,959 Speaker 3: Club dot com to check it out, or you can 261 00:12:03,000 --> 00:12:04,920 Speaker 3: text the word wealth two. 262 00:12:06,320 --> 00:12:09,440 Speaker 2: Six eight nine two one five seven sixty six four. 263 00:12:09,600 --> 00:12:12,720 Speaker 2: That's six eight nine two one five seven sixty six fours. 264 00:12:12,800 --> 00:12:13,840 Speaker 1: Text the word wealth. 265 00:12:13,679 --> 00:12:16,600 Speaker 4: Yeah, text world Wealth and guys, you know, just next week, 266 00:12:16,679 --> 00:12:19,120 Speaker 4: we're gonna be doing a challenge for Black History Month 267 00:12:19,160 --> 00:12:21,760 Speaker 4: where it's a five day intensive, a full boot camp 268 00:12:22,320 --> 00:12:24,439 Speaker 4: in real estate investing. And you can actually leave that 269 00:12:24,559 --> 00:12:27,000 Speaker 4: challenge closing your first deal, because we're gonna look at 270 00:12:27,040 --> 00:12:29,880 Speaker 4: real live deals, use our calculers, analyze them together, and 271 00:12:29,880 --> 00:12:31,840 Speaker 4: only we gonna learn the strategies and we're gonna learn how, 272 00:12:31,880 --> 00:12:33,400 Speaker 4: We're gonna learn how to set up our entity. Right. 273 00:12:33,480 --> 00:12:35,320 Speaker 4: We're gonna introduce you to our lender that we've worked 274 00:12:35,320 --> 00:12:37,640 Speaker 4: with for years, right, that funds our deals, so you 275 00:12:37,679 --> 00:12:39,880 Speaker 4: can also use that same lender. And we're gonna analyze 276 00:12:39,920 --> 00:12:42,199 Speaker 4: real live deals together. And guess what, you can actually 277 00:12:42,280 --> 00:12:44,880 Speaker 4: use that lender you just met to close your first deal. 278 00:12:44,920 --> 00:12:47,280 Speaker 4: So we truly might we truly make it, you know, 279 00:12:47,360 --> 00:12:50,560 Speaker 4: a full immersion of real estate investing and you know, 280 00:12:50,800 --> 00:12:53,120 Speaker 4: and I think it's if there's no better place to 281 00:12:53,480 --> 00:12:54,960 Speaker 4: you know, get exposure to the real estate world. 282 00:12:56,200 --> 00:12:58,000 Speaker 1: You'll going into a closing I know. 283 00:12:59,320 --> 00:13:01,600 Speaker 2: Okay, I got this to Dina. Are you already plattin 284 00:13:01,640 --> 00:13:02,280 Speaker 2: on what's next? 285 00:13:02,559 --> 00:13:05,840 Speaker 1: Absolutely? Absolutely, so I've already looked at some more deals. 286 00:13:05,880 --> 00:13:09,600 Speaker 1: I'm really looking into getting some commercial real estate in Detroit. 287 00:13:09,760 --> 00:13:14,040 Speaker 1: So yeah, so that's why I was asking, Yeah, yeah, yeah, 288 00:13:14,679 --> 00:13:16,120 Speaker 1: so we'll see new market for me. 289 00:13:16,280 --> 00:13:19,880 Speaker 2: So yeah, it's a good one, trust me. And it's amazing. 290 00:13:19,920 --> 00:13:22,360 Speaker 2: I love Detroit as a city and I think you know, 291 00:13:22,440 --> 00:13:24,680 Speaker 2: one thing about a place like that is really good 292 00:13:24,720 --> 00:13:27,080 Speaker 2: to like, go and get involved and you'll love like 293 00:13:27,120 --> 00:13:30,120 Speaker 2: you'll just love that for yourself. You are. 294 00:13:32,280 --> 00:13:32,559 Speaker 4: For me. 295 00:13:34,679 --> 00:13:36,720 Speaker 1: Right there. You already have a property right there, So 296 00:13:36,800 --> 00:13:39,640 Speaker 1: it's exactly I mean, I had to fly into Detroit 297 00:13:39,679 --> 00:13:42,160 Speaker 1: to get to Toledo. I went through there and I 298 00:13:42,240 --> 00:13:44,160 Speaker 1: was like, I have to check this out for sure. 299 00:13:44,280 --> 00:13:45,560 Speaker 1: So yeah, I'm excited. 300 00:13:46,240 --> 00:13:51,040 Speaker 3: One more week, Yes can see and Welthlydnesday's Real Estate 301 00:13:51,040 --> 00:13:53,600 Speaker 3: Club gets toa Dina and Anthony over the finish line. 302 00:13:53,760 --> 00:13:55,320 Speaker 1: What are you doing this week to get. 303 00:13:57,360 --> 00:14:04,080 Speaker 4: She's definitely going to do it. You're gonna be working 304 00:14:04,080 --> 00:14:06,760 Speaker 4: with the title company in the closing agent to review 305 00:14:06,800 --> 00:14:09,480 Speaker 4: the title, review the title insurance, make sure there's no 306 00:14:09,600 --> 00:14:12,040 Speaker 4: exceptions on the policy, to make sure she's insured on 307 00:14:12,120 --> 00:14:14,080 Speaker 4: that deed. We're going to be making sure we bind 308 00:14:14,080 --> 00:14:16,719 Speaker 4: that policy for insurance this week, and we're going to 309 00:14:16,800 --> 00:14:18,760 Speaker 4: be making sure the wire hits the title company in 310 00:14:18,800 --> 00:14:21,640 Speaker 4: time to close, so it's a smooth closing and we're 311 00:14:21,640 --> 00:14:23,400 Speaker 4: off to the finish line. Off to the races. 312 00:14:23,720 --> 00:14:26,800 Speaker 1: Yes, Yes, tune in next week. I want to see 313 00:14:26,800 --> 00:14:30,800 Speaker 1: the process too, all of it. 314 00:14:31,080 --> 00:14:34,800 Speaker 2: Keep We'll keep you posting, all right, Wealth Wednesday, checking 315 00:14:34,880 --> 00:14:35,800 Speaker 2: back in next week? 316 00:14:35,920 --> 00:14:38,560 Speaker 3: All right, Wealth Wednesday's everybody, let's go y'all 317 00:14:41,040 --> 00:14:42,400 Speaker 1: Way.