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Speaker 2: Right all right? What's up everybody? I hope you're well.

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Speaker 2: How you doing? How you doing? See folks coming on in?

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Speaker 2: What's good? Welcome, Welcome, I see you. Adrian, A couple

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Speaker 2: of Adrians, Amber Anissa and Aki, Raim Barry, Beatrice, Brian

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Speaker 2: Bridget Katanya, Selene, Charles, Christopher, Courtney, three Courtneys, Damian Daniel,

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Speaker 2: Darlene Devon. Then zel didn't zel Winfrey. Oh that's a

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Speaker 2: powerful name. That's a powerful name, right there, didn't zel Winfrey?

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Speaker 2: What's good? What's good? What's good? Everybody? I hope you're well.

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Speaker 2: So happy to have you here for the webinar with

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Speaker 2: Matt and I on the six best ways to finance

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Speaker 2: multi real estate and scale your portfolio. For those who

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Speaker 2: don't know, my name is Julian Gordon, aka Miss Multifamily,

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Speaker 2: and I'm just happy to have you here. You know,

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Speaker 2: we're in interesting times in this real estate market, and

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Speaker 2: we will to make sure that you can continue to

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Speaker 2: buy real estate despite what you're hearing externally in terms

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Speaker 2: of the news and the media, what you're seeing with

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Speaker 2: interest rates and things of that nature. So just happy

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Speaker 2: that you're here in chat. Please let me know what

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Speaker 2: how many doors do you have right now? How many

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Speaker 2: doors do you have right now? Maryland said three, Patty

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Speaker 2: said two, Dexter thirteen, Yes, Omar two, got a duplex,

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Speaker 2: Jay one, Marlene one, Jay Young three, Mercedes zero, Terry two,

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Speaker 2: Jay two, Christy two, Jada two. So a lot of

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Speaker 2: duplexes in the building. That's all right, some zeros, that's okay,

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Speaker 2: all right. So we're gonna cover different financing strategies for everybody,

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Speaker 2: all right. So Matt is gonna be here in just

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Speaker 2: a second. What I'm gonna do is I'm gonna get

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Speaker 2: started with our reduction so that as soon as he

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Speaker 2: jumps in, we can get into the meat of it.

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Speaker 2: So give me a second while I share my screen.

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Speaker 2: The second while I share my screen, all right? And

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Speaker 2: also in chat, let me know what market are you in?

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Speaker 2: Right now? What market are you in? Give me cities

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Speaker 2: or counties. Don't give me states, give me cities or counties.

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Speaker 2: What market are you in?

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Speaker 3: Sure?

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Speaker 2: So where did the chat go? All right? So where

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Speaker 2: we got people from San Jose, Boston, Lake Charles, Louisiana,

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Speaker 2: Love Louisiana, Charlotte, Prince George's County, Brooklyn, Union County, Tampa,

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Speaker 2: Newcastle County, Las Vegas, Austin at aliens in the building,

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Speaker 2: I see a Courtney, Inglewood, Long Beach or Oakland, Broward County,

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Speaker 2: and Florida Atlanta to Los Angeles. Cool. So we got

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Speaker 2: people from all over they cut this is good, all right,

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Speaker 2: beautiful so let me get the introduction of the way

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Speaker 2: for those of you who came in late. Matthew is

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Speaker 2: on his way. He is headed up to his hotel room.

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Speaker 2: He has some traveling delays, but I'm gonna get us

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Speaker 2: started and he'll be here on time for us to

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Speaker 2: go through the meat of the presentation. And so for

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Speaker 2: those of you who don't know, my name is Julian Gordon,

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Speaker 2: aka Mister Multifamily, and I've built the multifamily movement over

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Speaker 2: two hundred and ninety two closings on about ninety million

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Speaker 2: dollars worth of real estate in the multi family movement.

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Speaker 2: At this moment in time, I don't know anybody who's

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Speaker 2: helped more people close a multifamily homes than myself. And

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Speaker 2: so I'm so grateful to be in this role and

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Speaker 2: for this to be my God given purpose. Now, this

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Speaker 2: would not be possible without partnership with people like Matt. Matt,

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Speaker 2: as you know, is MG the Mortgage Guy. I actually

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Speaker 2: called him MG the mortgage God because of his ability

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Speaker 2: to understand multifamily real estate financing and get many of

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Speaker 2: our students across the finish line. And so Matt and

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Speaker 2: I have strengthened this partnership to make sure that we

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Speaker 2: can help three hundred people close in twenty twenty two,

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Speaker 2: and we're well underway on that now. I was doing

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Speaker 2: some history and some research, and there was Harriet Tubman,

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Speaker 2: right who we know is a number one conductor on

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Speaker 2: the underground railroad, and she freed folks. But Harry Tubman

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Speaker 2: was also financed by a man named William Steel, and

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Speaker 2: he financed many of her trips. She also worked during

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Speaker 2: the summers to save up to actually do her trips.

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Speaker 2: She made nineteen trip, build a Mason Dixon line and

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Speaker 2: free three hundred people. So that's why that is our

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Speaker 2: focus for this year, is to try to free three

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Speaker 2: hundred people. And so Matt is on that side of

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Speaker 2: the equation, and I'm on this side of the equation.

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Speaker 2: I am the number one conductor on the above ground railroad,

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Speaker 2: which is multi family real estate. It is the pathway

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Speaker 2: to freedom in today's world. For those of you who

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Speaker 2: don't know, you may think that slavery is over, but

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Speaker 2: it has not ended. OK. We are engaged in what

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Speaker 2: I call modern day slavery. Slavery has adapted. It is

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Speaker 2: no longer physical change. It is now mental and monetary.

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Speaker 2: Slavery is now mental and monetary, all right, now, real

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Speaker 2: quick history lesson? Where did Harriet Tubman take people in

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Speaker 2: the middle of the night when she was seeking your freedom?

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Speaker 2: Where does she hide them in the middle of the night?

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Speaker 2: Anybody know where did Harriet Tubman hide folks in the

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Speaker 2: middle of the night? Quick history lesson? She usually did

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Speaker 2: her trips in the winter. So yes, they had to

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Speaker 2: go through rivers, but they didn't stand in the river.

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Speaker 2: The jay Lou said it and other people's homes. These

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Speaker 2: were called safe houses. These were called safe houses. So

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Speaker 2: do you realize that real estate has been part of

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Speaker 2: your journey to freedom since day one? Real estate has

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Speaker 2: been part of your journey to freedom since day one?

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Speaker 2: And so multi family real estate is what we call

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Speaker 2: the above ground railroad. It is the pathway to freedom.

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Speaker 2: But until you understand multi family financing, you'll think that

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Speaker 2: multi family homes and building an entire portfolio is out

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Speaker 2: of reach. And so really quickly, I need everybody to

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Speaker 2: type portfolio. I need everybody to type portfolio. Everybody go

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Speaker 2: ahead and type portfolio. Portfolios. Some people like I don't

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Speaker 2: even know what spell portfolio. No, I need you to

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Speaker 2: type portfolio. Okay, the reason I'm having you type portfolio

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Speaker 2: is because I want you to get out of the

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Speaker 2: mindset of just having one property, right. I need you

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Speaker 2: to get out of the idea in the American dream. Oh,

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Speaker 2: I just want to have a house. I just want

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Speaker 2: to have a house, right, And we'll cover that later on.

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Speaker 2: We want you to get into a portfolio mindset, and

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Speaker 2: that's what this particular webinar is really about. You saw

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Speaker 2: some people who have zero doors at this moment in time,

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Speaker 2: so they're still renting. You see people who have a

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Speaker 2: single family home. You see some people with their first

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Speaker 2: duplex and I think our highest was thirteen doors so

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Speaker 2: far on this webinar. And so as you continue to

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Speaker 2: scale your portfolio, there becomes some challenges and you have

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Speaker 2: to find different financing strategies. And that's what this webinar

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Speaker 2: is really all about. Now, Matt and I have helped

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Speaker 2: many people close together, and the two hundred and ninety

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Speaker 2: two closed in the multi family movement, he is responsible

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Speaker 2: for about half of them. These are some of the

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Speaker 2: people who we together have helped close. I've educated them,

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Speaker 2: I've talked him how to finance, how to finance, find

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Speaker 2: and finalize the deal, and then Matt was the one

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Speaker 2: who actually brought the financing to the table after evaluating

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Speaker 2: their financing folders and understanding the play that they were

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Speaker 2: seeking to run. So this is Novacane who closed in

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Speaker 2: South Carolina. This is Natalie closed and I believe Connecticut.

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Speaker 2: This is Sandy Sandy Chenties closed in Cypress Hills, Brooklyn,

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Speaker 2: New York. So a lot of people are like, oh, Julian,

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Speaker 2: this doesn't work in expensive markets. I live in Brooklyn,

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Speaker 2: I live in the Bay Area, I live in Los Angeles. Well,

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Speaker 2: we have students who have closed in those exact places.

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Speaker 2: Daffy closed in Albany, Georgia. He actually just closed on

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Speaker 2: another one recently as well. You see Mitchell and Brianna

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Speaker 2: Brene who closed on properties with Matt and I teaming up.

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Speaker 2: You see Afea and Linda Linda, who have also close

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Speaker 2: based on the work that Matt and I do. And

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Speaker 2: so we are a team. And this is why we're

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Speaker 2: bringing this information to you because we have a specific goal. Now,

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Speaker 2: for those of you who don't know me and just

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Speaker 2: want to test our credibility, this is my actual real

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Speaker 2: estate portfolio. These are the properties that I actually control.

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Speaker 2: At this moment in time, I currently control about thirty

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Speaker 2: eight doors all across the country in four different markets

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Speaker 2: in New York, Oakland, Oakland, New Orleans, Baton, Rouge, and

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Speaker 2: I also control properties in Atlanta, Georgia that you don't

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Speaker 2: see here. And so this is my actual personal portfolio.

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Speaker 2: But in addition to my personal portfolio, I actually have

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Speaker 2: more properties in that I am a managing partner and

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Speaker 2: a real estate fund, and I'm also a lead investor

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Speaker 2: in several real estate funds, Black owned real estate funds,

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Speaker 2: And so when you add up my percentage share of

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Speaker 2: those portfolios as well, I'm more around eighty doors than

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Speaker 2: i i am at forty. So forty is my personal

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Speaker 2: thirty eight is my personal portfolio. And when you add

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Speaker 2: in my percentage share of other funds, that is almost double.

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Speaker 2: So this is the work that I do. And my

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Speaker 2: journey only started in May of twenty thirteen when I

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Speaker 2: bought that first property in Brooklyn, New York, right here

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Speaker 2: in the upper left. And since that moment in time,

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Speaker 2: I've not paid a housing expense. I've not paid a

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Speaker 2: mortgage since May of twenty thirteen, family, I've not paid

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Speaker 2: a house and expense since May of twenty thirteen. Not rent,

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Speaker 2: not principle, not interest, not taxes, not insurance, not capex,

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Speaker 2: not repairs, are or vacancy rate. Imagine what would happen

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Speaker 2: for you if you no longer had a housing expense

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Speaker 2: for the rest of your life. Your housing expense is

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Speaker 2: literally going to be the biggest expense that you have

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Speaker 2: in your entire life. And if we can just get

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Speaker 2: rid of that one single thing, if we can get

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Speaker 2: rid of that one single thing, it will ensure that

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Speaker 2: you create regenerational wealth, not just generational wealth. Generational wealth

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Speaker 2: is only handed down from one generation to the next,

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Speaker 2: and usually the next generation fumble, okay. But regenerational wealth

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Speaker 2: is when you leave on cash flowing assets to the

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Speaker 2: next generation. And this is what I've been able to

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Speaker 2: do in less than a decade. So when it comes

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Speaker 2: to real estate, this is not a get rich quick ski,

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Speaker 2: this is not a get rich quicks team. This is

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Speaker 2: a get rich guaranteed system over time. It is the

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Speaker 2: most proven business model ever. I cannot guarantee you that

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Speaker 2: Amazon will be here one hundred years from now. I

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Speaker 2: cannot guarantee you that Apple or Tesla will be around

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Speaker 2: one hundred years from now, right, But I can't guarantee

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Speaker 2: you that as long as there are human beings on

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Speaker 2: the face of this planet, then guess what, multifamily real

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Speaker 2: estate will still be here and it will be as

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Speaker 2: valuable as ever. Okay. And so this is what we

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Speaker 2: are teaching you, is how to acquire this real estate,

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Speaker 2: especially in the midst of the market that we are in,

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Speaker 2: so that you can get in the game and not

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Speaker 2: let the news and the media stop you from actually

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Speaker 2: from actually understanding how to run these plays. All right,

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Speaker 2: So okay, cool. So with that, our and why Matt

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Speaker 2: and I decided to team up is that we know

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Speaker 2: that there's a growing gap between the rich and the poor.

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Speaker 2: It used to be right that if you went to

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Speaker 2: the right schools, you got the right job, you met

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Speaker 2: the right people, you can get from one side to

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Speaker 2: the other. But we know that that gap between the

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Speaker 2: rich and the poor is growing wider and wider and wider. Family,

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Speaker 2: and soon it's going to get to a point where

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Speaker 2: no matter what you do, no matter how many degrees

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Speaker 2: you have, no matter how hard you work, no matter

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Speaker 2: how much active income you make, it's going to be

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Speaker 2: almost impossible for you to get from one side to

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Speaker 2: the other. Okay, unless you have assets, cash flowing assets

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Speaker 2: that ensure that you and your last name are on

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Speaker 2: the right side of this equation. Because even if you

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Speaker 2: have high active income, if you're mortgaging, your cost of

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Speaker 2: living continues to rise due to inflation, just like gas

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Speaker 2: prices and things of that nature. Then guess what, You're

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Speaker 2: still stuck in the rat race. You're just stuck in

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Speaker 2: the rat race at a higher demand. Now your cost

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Speaker 2: of living is ten thousand dollars a month, right, and

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Speaker 2: if your cost of living is now ten thousand dollars

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Speaker 2: a month, which is one hundred and twenty per year,

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Speaker 2: then you making one hundred and eighty thousand dollars per

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Speaker 2: year after taxes are still not free. You're just enslaved

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Speaker 2: at a higher level. You're enslaved at a higher level. Okay,

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Speaker 2: So this is not about active income. That is the

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Speaker 2: secret the game. You've been taught to paper chase. But

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Speaker 2: this game is not about active income. The person who

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Speaker 2: has the greatest amount of passive income is who wins

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Speaker 2: the game. And in just a matter of eight years,

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Speaker 2: I've been able to build one hundred and eighty thousand

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Speaker 2: dollars in passive income through real estate alone, just my

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Speaker 2: real estate business alone. So collectively, if you look at

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Speaker 2: my portfolio, I collect about thirty seven thousand dollars per

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Speaker 2: month in rents. I do not keep all thirty seven

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Speaker 2: thousand dollars, Okay, sixty percent of that goes to principal

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Speaker 2: interest taxes, insurance, CAFEX, or prayers of in vacancy rates.

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Speaker 2: So that leads me with about forty percent. Forty percent

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Speaker 2: of thirty seven thousand dollars is about fifteen thousand dollars

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Speaker 2: per month. Fifteen thousand dollars per month times twelve months

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Speaker 2: is one hundred and eighty thousand dollars per year in

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Speaker 2: passive income that I built an eight years, Okay, that

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Speaker 2: will last forever. Some of you on the corporate plantation

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Speaker 2: and in the rat race will never even achieve that

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Speaker 2: with active income because you've been trading time for money,

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Speaker 2: and you have to get out of that cycle if

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Speaker 2: you want to be free, if you want to be wealthy.

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Speaker 2: I will never trade a high active income for passive

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Speaker 2: income because anybody with a high active income ultimately wants

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Speaker 2: to get free by creating passive income streams. So you

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Speaker 2: have to work for money. That's your first job. But

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Speaker 2: your second job is to make money work for you.

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Speaker 2: And many of you are failing right now. And I

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Speaker 2: don't say this to put you down, but many of

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Speaker 2: us are failing simply because we weren't taught right, simply

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Speaker 2: because we weren't taught how to make money work for us.

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Speaker 2: And once your money is working harder for you than

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Speaker 2: you work for it, at that point you can get free.

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Speaker 2: I got to full financial freedom when I acquired when

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Speaker 2: I got up to this property right here. Okay, I

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Speaker 2: had about ten indoors at that time, and that is

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Speaker 2: when I achieve full financial freedom. You do not need

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Speaker 2: millions of dollars in a bank account to achieve full freedom.

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Speaker 2: Full freedom is when your passive income is greater than

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Speaker 2: your cost of living period. And so if each rental door,

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Speaker 2: if I had ten rental doors right and they were

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Speaker 2: each producing four hundred dollars per month in cash flow,

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Speaker 2: right after principal interest, taxes, insurance capecks, or prayers of

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Speaker 2: registrate in terms of that's the money that I collected.

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Speaker 2: That's four thousand dollars a month. And if my cost

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Speaker 2: of living was not four thousand dollars a month. Then

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Speaker 2: guess what, I'm fully financially free simply because I created

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Speaker 2: four thousand dollars a month in positive cash flow and

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Speaker 2: passive income. Right. So this is some of the mindset

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Speaker 2: that you have to break in order to understand the

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Speaker 2: most direct path to freedom is not getting the highest

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Speaker 2: active income and just having a pile of money sitting

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Speaker 2: in a bank account. The fastest path to freedom is

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Speaker 2: actually to grow your passive income month by month by month,

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Speaker 2: year by year by year, acquire a property every single year. Okay,

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Speaker 2: are y'all capturing this? Are y'all with me? Are y'all understanding? Okay,

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Speaker 2: So with Matt and I, we are trying to close

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Speaker 2: the wealth gap. Literally, we are trying to close the

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Speaker 2: wealth gap. We know that the world's wealth these people

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Speaker 2: all have real estate in their portfolio. Okay. Of course,

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Speaker 2: eyl Or, your leisure is teaching you all the different

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Speaker 2: methods to build wealth, but we know the one that

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Speaker 2: is core and is staple in order to build wealth

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Speaker 2: is real estate. And so we are closing the wealth

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Speaker 2: gap one brick at a time, one brick at a time.

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Speaker 2: Through through how we've teamed up on the education and

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Speaker 2: the execution piece. All right, So these are some of

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Speaker 2: our students who have closed all across the country on

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Speaker 2: multifamily real estate. And like I said before, you were

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Speaker 2: now rocking with the best, you are literally now rocking

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Speaker 2: with the best. There's nobody that I know of that

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Speaker 2: has helped more people close on multifamily real estate than myself.

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Speaker 2: There's no other individual that I know of in the

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Speaker 2: country that has helped more people close on multifamily real

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Speaker 2: estate than myself. And I say that humbly. If you

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Speaker 2: know of somebody who has helped more people close on

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Speaker 2: multi family real estate than myself, and please let me know.

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Speaker 2: But at this moment in time, the multifamily movement has

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Speaker 2: helped two hundred and ninety two people close on their

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Speaker 2: first multifamily home, and their second, and the third and

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Speaker 2: their fourth. In fact, one person has eight properties. Okay,

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Speaker 2: that's eighty seven million dollars worth of real estate acquired.

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Speaker 2: That's ten million dollars in positive in revenues rental revenues

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Speaker 2: every single year, and about three million dollars in positive

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Speaker 2: cash flow that will be in these families' names forever. Okay.

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Speaker 2: And we're just getting started. And so we want you

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Speaker 2: to be part of that. And Matt and I are

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Speaker 2: trying to accelerate that process because we know how important

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Speaker 2: it is. Because guess what, what's today's date. What's today's date, family,

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Speaker 2: Today's date is the thirtieth, and in two days rent

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Speaker 2: is do Rent is due, and rent is going to

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Speaker 2: continue to be due until you do something about it.

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Speaker 2: There's no way to shake it. There's only three ways

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Speaker 2: to get rid of your house and expense forever. Does

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Speaker 2: anybody know what they are? You can live in a tent, okay,

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Speaker 2: you can go to jail, or you can buy multi

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Speaker 2: family real estate. Those are the only three ways to

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Speaker 2: get rid of your house and expense forever. Marlene said

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Speaker 2: to die, well, when you die, guess what you still

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Speaker 2: have to pay for? You still have to pay for

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Speaker 2: a funeral plot. And a funeral plot is what it's

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Speaker 2: real estate. Even if you die, you still have to

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Speaker 2: pay for real estate. The only way that I found

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Speaker 2: to get rid of your housing expense forever is to

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Speaker 2: actually acquire multifamily real estate. And so that is the focus,

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Speaker 2: all right, So we're going to focus on some down

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Speaker 2: payment programs that don't require you to put twenty five

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Speaker 2: percent down. We're going to focus on deal flow. We're

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Speaker 2: going to focus on deal analysis, right, but most importantly,

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Speaker 2: we're going to show you you sick strategies that you

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Speaker 2: can use to get financed. This is what blocks people.

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Speaker 2: Many people don't feel like they they feel like money

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Speaker 2: is the biggest issue when it comes to acquiring real estate,

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Speaker 2: and it's not. Money is not the biggest issue the fuck.

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Speaker 2: Finding the deal is harder than finding the money. Finding

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Speaker 2: the deal is harder than finding the money. But if

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Speaker 2: you don't understand how financing on multi famming real estate works,

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Speaker 2: then you'll think that money is the biggest issue, and

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Speaker 2: it's not. For those of you with poor credit scores,

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Speaker 2: guess what, there's a ways around that. For those of

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Speaker 2: you who don't have a huge savings guess what, there's

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Speaker 2: ways around that. What you cannot avoid is the work

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Speaker 2: that is required to find a great deal. But the

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Speaker 2: money is available, and the reason the money is available

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Speaker 2: is because real estate is a physical, tangible asset. The

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Speaker 2: bank is not going to finance you three hundred or

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Speaker 2: five hundred thousand or a million dollars for your ten

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Speaker 2: page business plan and you haven't sold products, but they

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00:20:01,520 --> 00:20:05,359
Speaker 2: will finance you for some brick and mortar because they

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Speaker 2: know that if you ever fail to make that mortgage payment,

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Speaker 2: then they can actually reclaim that property for close on it,

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Speaker 2: take it back, being that they're in first lean position,

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Speaker 2: and sell it and get their money out of the deal. Okay,

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Speaker 2: So when you truly understand how financing works, that opens

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Speaker 2: you up and then your next step comes to find

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Speaker 2: that deal and to finalize that deal. So here in

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Speaker 2: this particular webinar, we're going to focus on financing. We're

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Speaker 2: going to focus on financing just to get you over

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Speaker 2: that first hurdle. Now, for those of you who stay

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Speaker 2: to the end on what we're going to do is

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Speaker 2: we're going to send you a list of one hundred

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Speaker 2: and forty seven down payment assistant programs. I've put this together.

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Speaker 2: They're all organized by state. So literally, you'll look at

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Speaker 2: this list of down payment assistant programs, you'll find your

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Speaker 2: state and you'll look for one that fits you. Some

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Speaker 2: of them are five thousand dollars grants, right literally, just

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Speaker 2: five thousand dollars that you don't have to pay. Some

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Speaker 2: of them, if you take a landlord class, they'll roll

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Speaker 2: your closing costs into the loan. Which means less money

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Speaker 2: out of podt it for you. Okay, So we're doing

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Speaker 2: everything in our power to help you save money and

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Speaker 2: make money in this process. Now you know, in the past,

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Speaker 2: Matt and I have talked about the four three, two

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Speaker 2: to one strategy, and most people based on the American

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Speaker 2: dream think that right out the gates, going from renting,

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Speaker 2: they should buy their dream home or start with a

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Speaker 2: single family home. And that is a climb to freedom.

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Speaker 2: It is actually harder to get free when you follow

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Speaker 2: the quote unquote American dream. The American dream is actually

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Speaker 2: American nightmare. And the reason they called it a dream

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00:21:30,440 --> 00:21:33,000
Speaker 2: is because they had to rock you to sleep in

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Speaker 2: order to get you to believe in it. I don't

403
00:21:36,000 --> 00:21:39,919
Speaker 2: want to dream, right, I want to dream awake, not

404
00:21:40,000 --> 00:21:43,040
Speaker 2: when I'm sleep. I don't remember my dreams when I sleep.

405
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Speaker 2: Why Because I dream awake. A lot of people daydreaming

406
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Speaker 2: on their day jobs, or they only dream when they're sleep.

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Speaker 2: That is not when I want to dream. I want

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Speaker 2: to live out my dream every single day, Okay. And

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00:21:53,280 --> 00:21:55,399
Speaker 2: that is a true American dream is when you're living

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Speaker 2: it out, not just when you're thinking about it or

411
00:21:57,720 --> 00:21:59,560
Speaker 2: you're trying to keep up with the Jones, and so

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00:21:59,680 --> 00:22:03,920
Speaker 2: at people fall victim to buying a single family first

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Speaker 2: because that's what the American dream and AHGTV says, and

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Speaker 2: it's not true, okay, And so we are here to

415
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Speaker 2: show you there's a faster path to freedom if you

416
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Speaker 2: don't do what everybody else is doing. There's a faster

417
00:22:17,280 --> 00:22:20,240
Speaker 2: path to freedom if you do not do what everyone

418
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Speaker 2: else is doing, okay, And so we teach the four

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Speaker 2: three two one strategy where you actually have a countdown

420
00:22:28,400 --> 00:22:30,600
Speaker 2: your freedom instead of a climb your freedom, where you

421
00:22:30,640 --> 00:22:33,040
Speaker 2: start with the four plex and then you downsize to

422
00:22:33,280 --> 00:22:36,000
Speaker 2: a triplex, and then you downsize to a duplex, and

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Speaker 2: then you downsize to the single family that you desire.

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Speaker 2: And guess what, you won't even have to pay for

425
00:22:42,880 --> 00:22:47,120
Speaker 2: it because the cash flow produced by the rental properties

426
00:22:47,119 --> 00:22:49,480
Speaker 2: that you have, we'll not only paid for that mortgage,

427
00:22:49,560 --> 00:22:52,080
Speaker 2: but they're now covering your car notes, your student loan,

428
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Speaker 2: your child's tuition and childcare, your food, your internet, your

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Speaker 2: cell phone. You want a door for every expense that

430
00:22:59,840 --> 00:23:03,119
Speaker 2: you have. Okay, this is why I need you to

431
00:23:03,119 --> 00:23:06,320
Speaker 2: build a portfolio. You want to have a door for

432
00:23:06,480 --> 00:23:10,879
Speaker 2: every expense that you have Okay, this is how you

433
00:23:10,920 --> 00:23:14,440
Speaker 2: get free. You have all this money going out every

434
00:23:14,480 --> 00:23:18,240
Speaker 2: single month in twelve different ways, so guess what that means.

435
00:23:18,560 --> 00:23:20,679
Speaker 2: That means you need to have twelve different doors to

436
00:23:20,760 --> 00:23:24,800
Speaker 2: pay for those expenses. We are in the business of

437
00:23:24,840 --> 00:23:29,160
Speaker 2: providing quality, affordable housing to people who cannot who are

438
00:23:29,200 --> 00:23:32,480
Speaker 2: not positioned to own on their own yet. See, there's

439
00:23:32,520 --> 00:23:36,200
Speaker 2: been a narrative out there about all landlords or slum lords,

440
00:23:36,200 --> 00:23:40,480
Speaker 2: and it's not true. I provide quality affordable housing to

441
00:23:40,560 --> 00:23:45,119
Speaker 2: about seventy people. My thirty eight doors house about seventy

442
00:23:45,160 --> 00:23:48,040
Speaker 2: people who are not in a position to buy real

443
00:23:48,160 --> 00:23:51,199
Speaker 2: estate yet. And so guess what, They still need housing

444
00:23:51,440 --> 00:23:54,160
Speaker 2: and somebody has to provide that housing. And so that's

445
00:23:54,200 --> 00:23:56,520
Speaker 2: what we're in the business of doing. And especially in

446
00:23:56,520 --> 00:23:59,640
Speaker 2: our communities, we are trying to reclaim these properties back

447
00:23:59,680 --> 00:24:02,920
Speaker 2: from slum lords who do not care about our people whatsoever.

448
00:24:03,480 --> 00:24:05,800
Speaker 2: And we are trying to raise the quality and standard

449
00:24:05,840 --> 00:24:09,359
Speaker 2: of living in our community by taking ownership and control

450
00:24:09,400 --> 00:24:12,399
Speaker 2: of these properties. My section eight tenants they love Me,

451
00:24:12,480 --> 00:24:15,199
Speaker 2: have my portfolio with section eight. They love me. I

452
00:24:15,440 --> 00:24:18,040
Speaker 2: take care of them. I treat them like they've never

453
00:24:18,040 --> 00:24:20,320
Speaker 2: been treated before. They've been dealing with slum lords who

454
00:24:20,359 --> 00:24:23,240
Speaker 2: don't fix anything, don't care, don't care if they have

455
00:24:23,600 --> 00:24:29,200
Speaker 2: roaches and rodents, right, who who are right on their

456
00:24:29,280 --> 00:24:32,760
Speaker 2: neck for rent even though they haven't fixed anything, but

457
00:24:32,840 --> 00:24:35,960
Speaker 2: expect rent to be paid in full. Right, this is

458
00:24:36,040 --> 00:24:39,320
Speaker 2: our opportunity to take back what is ours, these quote

459
00:24:39,359 --> 00:24:45,520
Speaker 2: unquote hoods that we made that we live in. Right,

460
00:24:46,560 --> 00:24:49,520
Speaker 2: we actually you have to own. Can't call it my

461
00:24:49,600 --> 00:24:52,760
Speaker 2: hood if I don't own it, right, And so this

462
00:24:52,800 --> 00:24:55,239
Speaker 2: is our time, and this is our opportunity. And so

463
00:24:55,359 --> 00:24:58,280
Speaker 2: this is what we're focus is on. So your first

464
00:24:58,280 --> 00:25:00,720
Speaker 2: four plex that's going to pay for it health with

465
00:25:00,800 --> 00:25:04,560
Speaker 2: the rental revenue and your cars. Then your triplex pays

466
00:25:04,600 --> 00:25:07,800
Speaker 2: for itself, your food and your cell phone. Right, then

467
00:25:07,920 --> 00:25:11,679
Speaker 2: your duplex pays for itself and your single family, and

468
00:25:11,720 --> 00:25:15,199
Speaker 2: then your single family is free. This home that I

469
00:25:15,240 --> 00:25:18,199
Speaker 2: am in right now, guess what, y'all, it's my single family.

470
00:25:19,400 --> 00:25:23,040
Speaker 2: You think I got a mortgage, Nope, I own it

471
00:25:23,080 --> 00:25:26,480
Speaker 2: free and clear. I own it free and clear. But

472
00:25:26,560 --> 00:25:29,840
Speaker 2: see I had discipline and patience. I didn't buy a

473
00:25:29,880 --> 00:25:33,640
Speaker 2: single family home till I had twenty doors. I didn't

474
00:25:33,680 --> 00:25:38,479
Speaker 2: buy a single family home until I had twenty doors. Okay,

475
00:25:39,040 --> 00:25:43,440
Speaker 2: so this is some of the sacrifice that you may

476
00:25:43,480 --> 00:25:46,879
Speaker 2: have to make in order to get free. But some

477
00:25:46,960 --> 00:25:49,879
Speaker 2: of you want what you want right now. You just

478
00:25:49,880 --> 00:25:51,639
Speaker 2: want what you want right now. You want to keep

479
00:25:51,720 --> 00:25:53,280
Speaker 2: up with the jones. You want to compare yourself to

480
00:25:53,320 --> 00:25:56,760
Speaker 2: other people. You want to watch other people's Instagram fees, right,

481
00:25:57,280 --> 00:25:59,080
Speaker 2: and so you do what they do, and then you

482
00:25:59,160 --> 00:26:01,680
Speaker 2: realize that you're now a bondage too because you were copying,

483
00:26:01,880 --> 00:26:06,240
Speaker 2: because you were comparing. But if you actually take the

484
00:26:06,359 --> 00:26:09,520
Speaker 2: road less travel, you will find that you get free faster.

485
00:26:10,200 --> 00:26:12,800
Speaker 2: And that's exactly what I did. But it takes courage.

486
00:26:13,480 --> 00:26:16,400
Speaker 2: It takes courage, and some of you don't have the courage,

487
00:26:16,520 --> 00:26:20,520
Speaker 2: and that's okay. Hopefully with the education that we give you,

488
00:26:20,760 --> 00:26:22,560
Speaker 2: it builds up your courage to be able to say,

489
00:26:22,560 --> 00:26:24,919
Speaker 2: you know what I'm gonna do. I'm gonna do this different.

490
00:26:25,520 --> 00:26:28,320
Speaker 2: Somebody has to break the generational curses. Some of you

491
00:26:28,400 --> 00:26:31,240
Speaker 2: come from families who have been renting for multiple generations,

492
00:26:31,600 --> 00:26:35,159
Speaker 2: have never owned anything. Are you going to be the

493
00:26:35,160 --> 00:26:37,439
Speaker 2: one that breaks that curse? Or you're going to kick

494
00:26:37,480 --> 00:26:39,560
Speaker 2: the can down to the next generations to your children.

495
00:26:42,600 --> 00:26:45,600
Speaker 2: Imagine if with the snap of your fingers, you could

496
00:26:45,640 --> 00:26:50,439
Speaker 2: collect back all the rents that your mother, your father,

497
00:26:51,200 --> 00:26:54,160
Speaker 2: both sets of grandparents, and all four sets of great

498
00:26:54,160 --> 00:26:57,960
Speaker 2: grandparents paid. Imagine if you could have all that money back,

499
00:26:58,080 --> 00:27:00,720
Speaker 2: and not just the rent money that they paid over

500
00:27:00,920 --> 00:27:05,240
Speaker 2: what one hundred years, but also all the mortgage interest

501
00:27:05,280 --> 00:27:07,760
Speaker 2: that they paid over the past hundred years. Imagine if

502
00:27:07,760 --> 00:27:12,359
Speaker 2: you could have all that back right now, it would

503
00:27:12,480 --> 00:27:19,520
Speaker 2: change your life instantly, instantly. And so that is what

504
00:27:19,520 --> 00:27:22,320
Speaker 2: we're doing, that is what we are teaching, and that

505
00:27:22,480 --> 00:27:26,359
Speaker 2: is the next step. Okay, So, as I said before,

506
00:27:27,600 --> 00:27:30,520
Speaker 2: many of you have a negative relationship to debt. You

507
00:27:30,560 --> 00:27:32,359
Speaker 2: think that debt is bad, and this is why you

508
00:27:32,800 --> 00:27:35,479
Speaker 2: have been afraid to get a mortgage. Now, a mortgage

509
00:27:35,520 --> 00:27:39,680
Speaker 2: on a single family home is not good. And the

510
00:27:39,760 --> 00:27:42,480
Speaker 2: reason it's not good is because the word mortgage literally

511
00:27:42,520 --> 00:27:45,960
Speaker 2: means death pledge. If you take the prefix mor or

512
00:27:46,280 --> 00:27:48,960
Speaker 2: as a mortian a mortuary, the word mortgage literally means

513
00:27:49,000 --> 00:27:51,359
Speaker 2: death pledge. And so when you get a mortgage on

514
00:27:51,359 --> 00:27:53,800
Speaker 2: a single family home, you literally signed up for a

515
00:27:53,880 --> 00:27:57,760
Speaker 2: death pledge. Yeah, I know, you posted your little picture

516
00:27:57,800 --> 00:28:00,119
Speaker 2: on Instagram look at me on my home buyer or

517
00:28:00,160 --> 00:28:02,320
Speaker 2: a home owner. That's what you think. But you're really

518
00:28:02,359 --> 00:28:05,080
Speaker 2: not a homeowner. You're a home buyer. The bank bought

519
00:28:05,119 --> 00:28:07,840
Speaker 2: your home. You didn't buy it. You thought you weren't

520
00:28:07,840 --> 00:28:09,880
Speaker 2: paying rent anymore. You're not paying rent to a landlord.

521
00:28:10,080 --> 00:28:12,280
Speaker 2: You're playing rent to the bank to use their money.

522
00:28:12,440 --> 00:28:15,720
Speaker 2: That rent is called interest because you didn't have the

523
00:28:15,760 --> 00:28:19,600
Speaker 2: money to buy that single family home. So AGTV is

524
00:28:19,640 --> 00:28:21,959
Speaker 2: convince you that you're a homeowner and you're not. We

525
00:28:22,040 --> 00:28:24,320
Speaker 2: have to be very careful with our language. You're a

526
00:28:24,400 --> 00:28:28,240
Speaker 2: home buyer. I own this home. I'm a homeowner, Okay,

527
00:28:28,320 --> 00:28:30,080
Speaker 2: I own it free and clear. I don't owe any bank.

528
00:28:30,160 --> 00:28:33,680
Speaker 2: There's no first mean position. Okay, you are a home

529
00:28:33,720 --> 00:28:37,120
Speaker 2: buyer when you get a mortgage on a single family home. Okay.

530
00:28:37,480 --> 00:28:39,800
Speaker 2: And on top of that, that single family home, it

531
00:28:39,880 --> 00:28:43,240
Speaker 2: did not cost three hundred thousand dollars. That was the

532
00:28:43,320 --> 00:28:47,720
Speaker 2: sticker price. But where they stick you in the back

533
00:28:48,720 --> 00:28:51,360
Speaker 2: is the two hundred and eight thousand dollars of interest

534
00:28:51,520 --> 00:28:53,280
Speaker 2: that you're going to pay over the next thirty years

535
00:28:53,280 --> 00:28:55,640
Speaker 2: on that property. So that property was not three hundred

536
00:28:55,680 --> 00:28:58,640
Speaker 2: thousand dollars that you bought. That property is actually five

537
00:28:58,720 --> 00:29:01,280
Speaker 2: hundred and eight thousand dollars, but the sticker price that

538
00:29:01,360 --> 00:29:05,680
Speaker 2: you saw was three hundred and you bit, you went

539
00:29:05,800 --> 00:29:11,560
Speaker 2: for it. This is a deal. Oh and that doesn't

540
00:29:11,600 --> 00:29:16,120
Speaker 2: even include the private mortgage insurance, your homeowner's insurance, your

541
00:29:16,120 --> 00:29:20,719
Speaker 2: property taxes, and all the maintenance over that thirty year period,

542
00:29:20,880 --> 00:29:24,280
Speaker 2: So that three hundred thousand dollars property is more like

543
00:29:24,640 --> 00:29:29,040
Speaker 2: a seven hundred thousand dollars property. Money literally going out

544
00:29:29,120 --> 00:29:34,200
Speaker 2: the door. Now, my prayer for you is that your

545
00:29:34,320 --> 00:29:39,720
Speaker 2: property appreciated significantly, but that appreciation is not real money.

546
00:29:39,920 --> 00:29:43,240
Speaker 2: You want to know why. You want to know why,

547
00:29:43,640 --> 00:29:46,440
Speaker 2: because that appreciation is only covering all the interest that

548
00:29:46,440 --> 00:29:49,400
Speaker 2: you've been paying this entire time, so it's not real gain.

549
00:29:50,360 --> 00:29:52,840
Speaker 2: The appreciation on many of your properties is not real

550
00:29:52,880 --> 00:29:57,760
Speaker 2: game because it's just covering the interest that you paid

551
00:29:57,920 --> 00:30:04,160
Speaker 2: the entire time. Are y'all with me? All y'all understanding me? Okay?

552
00:30:04,520 --> 00:30:08,920
Speaker 2: So we want to change our language and our mindset

553
00:30:09,200 --> 00:30:11,760
Speaker 2: from I want to own a home or a house

554
00:30:12,200 --> 00:30:16,120
Speaker 2: to I want a portfolio. I want to provide quality,

555
00:30:16,120 --> 00:30:19,640
Speaker 2: affordable housing for people in my community who have been

556
00:30:19,720 --> 00:30:23,520
Speaker 2: victims to slum lords. And as a result of providing

557
00:30:23,560 --> 00:30:27,280
Speaker 2: that service, I actually get some profit, and I'm able

558
00:30:27,320 --> 00:30:32,120
Speaker 2: to use that profit to get free. Just think about this, y'all.

559
00:30:34,960 --> 00:30:37,200
Speaker 2: For somebody to say, I'm not just going to think

560
00:30:37,240 --> 00:30:40,800
Speaker 2: about housing for my own family, but I'm actually going

561
00:30:40,880 --> 00:30:46,480
Speaker 2: to be concerned about housing other families. That is a

562
00:30:46,520 --> 00:30:50,080
Speaker 2: noble thing. I'm concerned, and I'm actually going to take

563
00:30:50,120 --> 00:30:54,520
Speaker 2: a risk to go buy and take out debt on

564
00:30:54,640 --> 00:31:00,800
Speaker 2: another property to house other people who cannot yet afford

565
00:31:00,920 --> 00:31:05,160
Speaker 2: a house of their own. If there were not ethical

566
00:31:05,200 --> 00:31:10,200
Speaker 2: investors like ourselves, then where would people live? Where would

567
00:31:10,200 --> 00:31:14,400
Speaker 2: people live? See? That's what people don't understand in this conversation.

568
00:31:14,520 --> 00:31:17,280
Speaker 2: And so we get to change the narrative as ethical investors,

569
00:31:17,280 --> 00:31:20,800
Speaker 2: as people who put people before profits. If you were

570
00:31:20,840 --> 00:31:23,880
Speaker 2: just here to extract profits from people through rent, then

571
00:31:23,960 --> 00:31:27,440
Speaker 2: this is not the webinar for you. Okay, we already

572
00:31:27,440 --> 00:31:30,920
Speaker 2: have slum modes for that. Here we put people before profits,

573
00:31:30,920 --> 00:31:33,800
Speaker 2: and we serve people in the highest with the highest

574
00:31:33,840 --> 00:31:37,480
Speaker 2: quality and the highest standard. Then guess what our business

575
00:31:37,480 --> 00:31:41,719
Speaker 2: model works. My tenants stay with me for long periods

576
00:31:41,720 --> 00:31:46,320
Speaker 2: of time, right because I treat them well. Right. So

577
00:31:46,480 --> 00:31:50,440
Speaker 2: this is where we're going. So when we're talking about

578
00:31:50,480 --> 00:31:52,640
Speaker 2: multi family real estate and just lets you know, Matt

579
00:31:52,760 --> 00:31:55,560
Speaker 2: is having some technical difficulties right now. So I'm going

580
00:31:55,600 --> 00:31:57,800
Speaker 2: to keep on pushing and I can teach this myself,

581
00:31:57,920 --> 00:31:59,960
Speaker 2: but of course I want my brother here by my side.

582
00:32:00,080 --> 00:32:03,320
Speaker 2: I can teach this myself. Okay. So when we're talking

583
00:32:03,320 --> 00:32:05,440
Speaker 2: about multi family real estate, we are not talking about

584
00:32:05,480 --> 00:32:07,600
Speaker 2: those sixty unit buildings that you see when you drive

585
00:32:07,640 --> 00:32:10,080
Speaker 2: down the freeway. Okay, some of you live in some

586
00:32:10,440 --> 00:32:13,760
Speaker 2: big apartment complexes. That's not what we're talking about. We're

587
00:32:13,760 --> 00:32:16,840
Speaker 2: talking about two family, three family, or four family homes. Okay.

588
00:32:17,640 --> 00:32:21,760
Speaker 2: These are also known as duplexes, triplexes, or four plexes, right,

589
00:32:22,560 --> 00:32:24,560
Speaker 2: and there are only two point six million of them

590
00:32:24,560 --> 00:32:26,680
Speaker 2: in the entire United States and they only make up

591
00:32:26,720 --> 00:32:29,520
Speaker 2: eighteen percent of the rental supply. So we're looking for

592
00:32:29,600 --> 00:32:34,200
Speaker 2: a very specific rare asset, okay, and I'm trying to

593
00:32:34,200 --> 00:32:37,720
Speaker 2: make sure that you get one for not just one,

594
00:32:37,800 --> 00:32:41,000
Speaker 2: but multiple for you and your family. Now, what most

595
00:32:41,000 --> 00:32:44,040
Speaker 2: people don't know is that financing for a two family,

596
00:32:44,040 --> 00:32:46,440
Speaker 2: three family, and four family home falls under the same

597
00:32:46,480 --> 00:32:50,000
Speaker 2: residential guidelines as financing for a single family go home,

598
00:32:50,600 --> 00:32:54,840
Speaker 2: the same exact bank, the same thirty year fixed rate mortgage,

599
00:32:55,000 --> 00:32:58,240
Speaker 2: the same interest rate, the same documents that you would

600
00:32:58,320 --> 00:33:00,600
Speaker 2: use to acquire a single family home, or the same

601
00:33:00,680 --> 00:33:03,560
Speaker 2: documents that you would need for a two family, three family,

602
00:33:03,640 --> 00:33:05,920
Speaker 2: or four family home. And most of you didn't know

603
00:33:05,960 --> 00:33:09,600
Speaker 2: that once you get to five units or more, that

604
00:33:09,680 --> 00:33:13,080
Speaker 2: is considered a commercial property and that is a different

605
00:33:13,160 --> 00:33:16,160
Speaker 2: lending process, a different bank, a twenty year fixed rate,

606
00:33:16,320 --> 00:33:21,720
Speaker 2: and typically a higher interest rate. Okay, So this is

607
00:33:22,080 --> 00:33:24,960
Speaker 2: one of the secrets that people do not know, is

608
00:33:24,960 --> 00:33:26,880
Speaker 2: that with the same process that I would use to

609
00:33:26,920 --> 00:33:29,160
Speaker 2: acquire a single family I could have bought a multifamily

610
00:33:29,160 --> 00:33:31,920
Speaker 2: this entire time. Okay, Now, how do you get to

611
00:33:31,920 --> 00:33:34,080
Speaker 2: rent mortgage freedom? Meaning that you never have a housing

612
00:33:34,080 --> 00:33:37,360
Speaker 2: expense for the rest of your life because for most Americans,

613
00:33:37,520 --> 00:33:39,880
Speaker 2: thirty five percent of their income goes to housing, whether

614
00:33:39,920 --> 00:33:41,680
Speaker 2: that is rent or mortgage. So how do you get

615
00:33:41,680 --> 00:33:43,800
Speaker 2: to rent morgan freedom? Typically you're going to need a

616
00:33:43,840 --> 00:33:46,400
Speaker 2: triplex or a four plex for your first purchase. A

617
00:33:46,440 --> 00:33:48,880
Speaker 2: triplex or a four plex. I know some people have

618
00:33:48,960 --> 00:33:51,560
Speaker 2: some duplexes. Here there's some single family home. But when

619
00:33:51,600 --> 00:33:54,240
Speaker 2: you have a duplex, the rents from one side while

620
00:33:54,240 --> 00:33:55,920
Speaker 2: you live in this side, the rent from this other

621
00:33:56,000 --> 00:33:58,840
Speaker 2: side do not cover principal interest, taxes, insurance, capecks, or

622
00:33:58,880 --> 00:34:01,000
Speaker 2: pairs over a vacancy rate, so that you will still

623
00:34:01,040 --> 00:34:03,320
Speaker 2: have money coming out of your pocket for housing, but

624
00:34:03,360 --> 00:34:05,680
Speaker 2: that money that's coming out of your pocket for housing

625
00:34:05,840 --> 00:34:08,400
Speaker 2: will likely be less than what your tenant is paying

626
00:34:08,480 --> 00:34:11,200
Speaker 2: or what you were paying for rent. So we typically

627
00:34:11,239 --> 00:34:14,400
Speaker 2: want to go for a four plex on our first investment,

628
00:34:15,080 --> 00:34:17,759
Speaker 2: and then go down to a triplex, then a duplex,

629
00:34:18,040 --> 00:34:21,440
Speaker 2: and then a single family. Okay, so this is the

630
00:34:21,480 --> 00:34:24,360
Speaker 2: steps of the process. We are going to answer questions

631
00:34:24,400 --> 00:34:26,719
Speaker 2: live at the end. We're going to answer questions live

632
00:34:26,719 --> 00:34:28,520
Speaker 2: at the end. If we try to answer questions in

633
00:34:28,520 --> 00:34:31,520
Speaker 2: the midst of the presentation, literally, we can be here

634
00:34:31,560 --> 00:34:34,120
Speaker 2: for hours and hours and hours. What's that song by her?

635
00:34:34,320 --> 00:34:37,440
Speaker 2: I could do this for hours, right, we can do

636
00:34:37,480 --> 00:34:41,240
Speaker 2: this for hours? All right? So I want your questions

637
00:34:41,280 --> 00:34:44,080
Speaker 2: to be answered, but we're going to answer them live

638
00:34:44,120 --> 00:34:47,000
Speaker 2: at the end. Is that cool? Is that cool? So

639
00:34:47,040 --> 00:34:48,960
Speaker 2: hold your questions, write them down. I do not want

640
00:34:49,000 --> 00:34:51,480
Speaker 2: you to forget them. But the presentation is likely going

641
00:34:51,520 --> 00:34:53,759
Speaker 2: to answer many of your questions along the way. All right,

642
00:34:54,280 --> 00:34:56,960
Speaker 2: So again back to rent the mortgage freedom For those

643
00:34:56,960 --> 00:34:59,080
Speaker 2: of you who are not experiencing it yet ranted mortgaine.

644
00:34:59,080 --> 00:35:01,279
Speaker 2: Freedom is a resulted by multiicrimry real estate, which has

645
00:35:01,320 --> 00:35:04,640
Speaker 2: cash flow that eliminates your housing expense forever. Again, most Americans,

646
00:35:04,680 --> 00:35:07,480
Speaker 2: their housing expense is about thirty five thirty five percent.

647
00:35:08,440 --> 00:35:11,680
Speaker 2: Thirty five percent goes to housing. So if you're making

648
00:35:11,680 --> 00:35:14,960
Speaker 2: three thousand dollars per month, then about one thousand dollars

649
00:35:15,160 --> 00:35:19,160
Speaker 2: is actually going towards going toward your housing, whether that

650
00:35:19,200 --> 00:35:21,799
Speaker 2: is rent a mortgage. So imagine what would happen for you.

651
00:35:23,120 --> 00:35:26,839
Speaker 2: Imagine what would happen for you if, just like that,

652
00:35:26,920 --> 00:35:29,879
Speaker 2: with one single move to acquire multiicrimry real estate, you

653
00:35:29,960 --> 00:35:31,920
Speaker 2: never had a housing expense for the rest of your life.

654
00:35:32,120 --> 00:35:33,960
Speaker 2: What would change? In chat, let me know what would

655
00:35:34,000 --> 00:35:35,200
Speaker 2: change for you if you never had a house and

656
00:35:35,239 --> 00:35:38,120
Speaker 2: expence for the rest of your life. What would change

657
00:35:38,120 --> 00:35:39,920
Speaker 2: for you if you never had a housing expense for

658
00:35:39,960 --> 00:35:41,799
Speaker 2: the rest of your life? Let me know? In chat?

659
00:35:42,239 --> 00:35:47,600
Speaker 2: Tie said everything, Ryan said everything everything, everything, freedom, stress,

660
00:35:48,120 --> 00:35:51,160
Speaker 2: more money to invest able to travel, more buy more

661
00:35:51,239 --> 00:36:00,759
Speaker 2: stops everything, location, freedom, life, retire early savings. We don't

662
00:36:00,760 --> 00:36:06,440
Speaker 2: save money over here. Family saving money is death dead presidents.

663
00:36:06,480 --> 00:36:08,440
Speaker 2: We're supposed to resurrect them. We don't save money over

664
00:36:08,520 --> 00:36:12,759
Speaker 2: here beyond our emergency fund, generational wealth, access to resources,

665
00:36:13,160 --> 00:36:18,440
Speaker 2: crypto and defive invest Help more families, okay, help more

666
00:36:18,440 --> 00:36:22,080
Speaker 2: of my family. Beautiful, good, good, good. So everything that

667
00:36:22,120 --> 00:36:24,239
Speaker 2: you're typing right now, I'm able to experience, and I

668
00:36:24,280 --> 00:36:27,920
Speaker 2: am experiencing because of my multi family real estate portfolio.

669
00:36:28,880 --> 00:36:32,040
Speaker 2: So you are exactly right. Multifamily real estate is the

670
00:36:32,160 --> 00:36:35,040
Speaker 2: vehicle to get you everything that you were typing in

671
00:36:35,280 --> 00:36:39,000
Speaker 2: right here and right now. All right, So let me

672
00:36:39,040 --> 00:36:41,120
Speaker 2: just explain this to you. If we can literally just

673
00:36:41,120 --> 00:36:42,960
Speaker 2: get rid of your house and expense, whether that is

674
00:36:43,000 --> 00:36:47,000
Speaker 2: rent right or a mortgage interest, If we get rid

675
00:36:47,080 --> 00:36:48,920
Speaker 2: of your house and expense, let's say your housing expenses

676
00:36:48,960 --> 00:36:51,160
Speaker 2: one thousand dollars a month, and we can invest that

677
00:36:51,200 --> 00:36:53,879
Speaker 2: at six percent annually, you know how much money all

678
00:36:53,920 --> 00:36:55,759
Speaker 2: of you would have over the next thirty years. If

679
00:36:55,760 --> 00:36:58,560
Speaker 2: we could literally just stop you from paying rent or

680
00:36:58,719 --> 00:37:05,160
Speaker 2: mortgage interest, you would all be millionaires. One thousand dollars

681
00:37:05,160 --> 00:37:08,560
Speaker 2: per month invested at six percent for thirty years is

682
00:37:08,840 --> 00:37:12,960
Speaker 2: one million, fifteen five hundred and ninety dollars. You would

683
00:37:13,000 --> 00:37:15,759
Speaker 2: all be millionaires. If we could simply just do this

684
00:37:15,800 --> 00:37:19,719
Speaker 2: one thing, get rid of your housing expense. That's it.

685
00:37:20,560 --> 00:37:22,960
Speaker 2: I'm not asking you to magically pick the right stock.

686
00:37:23,360 --> 00:37:26,120
Speaker 2: I'm not asking you to pick the right crypto or NFT,

687
00:37:26,600 --> 00:37:29,280
Speaker 2: none of that. No guessing here. If we can literally

688
00:37:29,280 --> 00:37:31,520
Speaker 2: just do this one single thing, which is get rid

689
00:37:31,560 --> 00:37:35,080
Speaker 2: of your housing expense forever, I canon almost guarantee that

690
00:37:35,120 --> 00:37:37,600
Speaker 2: over the next thirty years you and your last name

691
00:37:37,680 --> 00:37:41,560
Speaker 2: will be millionaires. And this is cold hard cash millionaires,

692
00:37:41,600 --> 00:37:44,319
Speaker 2: not just equity millionaires. This is also there'll also be

693
00:37:44,320 --> 00:37:46,719
Speaker 2: equity in your property on top of that, but just

694
00:37:46,840 --> 00:37:49,279
Speaker 2: off of the cash you're saving the loan by not

695
00:37:49,320 --> 00:37:53,080
Speaker 2: having a housing expence, you would be a millionaire guaranteed. Okay,

696
00:37:53,880 --> 00:37:56,239
Speaker 2: But again it's a long term game. A lot of

697
00:37:56,320 --> 00:38:00,879
Speaker 2: y'all are to get rich quick schemes. How much money

698
00:38:00,920 --> 00:38:04,520
Speaker 2: have you really made in crypto? Okay? How much money

699
00:38:04,520 --> 00:38:07,680
Speaker 2: have you really made in NFTs? You just looking for

700
00:38:07,760 --> 00:38:11,160
Speaker 2: a lick, a quick lick. Are you making money consistently

701
00:38:11,239 --> 00:38:15,840
Speaker 2: every single day? It's one thing to buy one and

702
00:38:16,160 --> 00:38:18,200
Speaker 2: see it go up and pull out. That's great, But

703
00:38:18,239 --> 00:38:20,320
Speaker 2: how much did you lose? Do you even know? Because

704
00:38:20,320 --> 00:38:22,319
Speaker 2: you just keep pouring money back in? Do you really

705
00:38:22,320 --> 00:38:24,360
Speaker 2: even know how much you've made or how much you've lost.

706
00:38:27,560 --> 00:38:29,600
Speaker 2: I know exactly what my real estate portfolio has done

707
00:38:29,640 --> 00:38:31,360
Speaker 2: for me. I know exactly how much I'm going to

708
00:38:31,400 --> 00:38:36,560
Speaker 2: get every single month in rental revenue and profit. I

709
00:38:36,600 --> 00:38:40,439
Speaker 2: can almost anticipate appreciation. I know exactly what my tax

710
00:38:40,440 --> 00:38:42,600
Speaker 2: savings is going to be because I own multi fammily

711
00:38:42,600 --> 00:38:46,600
Speaker 2: real estate. So don't get caught up in these bright,

712
00:38:46,680 --> 00:38:49,000
Speaker 2: new shiny objects when multi family real estate is the

713
00:38:49,040 --> 00:38:52,160
Speaker 2: most proven business model of all time, one that will

714
00:38:52,239 --> 00:38:57,200
Speaker 2: last forever. Okay, I hope you win big on that NFT,

715
00:38:57,520 --> 00:39:00,680
Speaker 2: on that crypto, on that stop. I hope you win big.

716
00:39:00,960 --> 00:39:03,000
Speaker 2: But guess what. Once you win big, guess what you

717
00:39:03,040 --> 00:39:05,640
Speaker 2: have to do. You're typically gonna have to go put

718
00:39:05,680 --> 00:39:09,000
Speaker 2: it into real estate or your own business. All right,

719
00:39:09,400 --> 00:39:12,080
Speaker 2: So first thing we got to do is get you

720
00:39:12,120 --> 00:39:16,360
Speaker 2: off this HGTV foolishness. Right when people are in my program,

721
00:39:16,360 --> 00:39:18,520
Speaker 2: I tell them they cannot watch AHGTV. They can only

722
00:39:18,560 --> 00:39:22,239
Speaker 2: watch JGTV because AHGTV will literally tell you to do

723
00:39:22,320 --> 00:39:24,759
Speaker 2: the opposite of what I'm teaching you to do. It

724
00:39:24,800 --> 00:39:26,759
Speaker 2: will tell you to do the opposite of what I'm

725
00:39:26,800 --> 00:39:30,680
Speaker 2: teaching you to do. Okay, your first investment property will

726
00:39:30,680 --> 00:39:33,799
Speaker 2: not look like this family. Your first investment property will

727
00:39:33,880 --> 00:39:36,520
Speaker 2: not look like this. I wish your first four plexus

728
00:39:36,560 --> 00:39:39,600
Speaker 2: like this, it will not. Okay, Typically your first investment

729
00:39:39,640 --> 00:39:44,160
Speaker 2: property is going to be a B class property, not

730
00:39:44,239 --> 00:39:46,800
Speaker 2: in the hood. Okay, I want you to be safe

731
00:39:46,800 --> 00:39:49,160
Speaker 2: where you live and feel comfortable, but it's typically going

732
00:39:49,200 --> 00:39:51,640
Speaker 2: to be a B class property, not some A class

733
00:39:51,760 --> 00:39:54,319
Speaker 2: high end property that you might see on AHGTV. This

734
00:39:54,480 --> 00:39:56,440
Speaker 2: was my first home in Brooklyn, New York, my first

735
00:39:56,520 --> 00:39:59,640
Speaker 2: multi family, the triplex that I showed you earlier. My

736
00:39:59,680 --> 00:40:02,000
Speaker 2: first was not my dream home, but it made my

737
00:40:02,080 --> 00:40:06,120
Speaker 2: dreams possible. Did y'all catch that my first home was

738
00:40:06,160 --> 00:40:11,040
Speaker 2: not my dream home, but it made my dreams possible? Right?

739
00:40:11,760 --> 00:40:14,080
Speaker 2: They put linen white paint over everything. They could at

740
00:40:14,120 --> 00:40:16,200
Speaker 2: least put that gentrification gray, which y'all know about that

741
00:40:16,239 --> 00:40:19,840
Speaker 2: gentrification gray paint. How many y'all got gentrification gray in

742
00:40:19,880 --> 00:40:23,440
Speaker 2: your apartment or your house right now? Keep it real?

743
00:40:23,480 --> 00:40:26,440
Speaker 2: How many y'all got gentrification gray in your apartment or

744
00:40:26,480 --> 00:40:32,000
Speaker 2: house right now? Okay? Look at my countertops for Micah countertops,

745
00:40:32,000 --> 00:40:36,759
Speaker 2: No granted my appliances white appliances, No, stainless still cabinets,

746
00:40:36,800 --> 00:40:39,439
Speaker 2: basic cabinets from those or home depot. If I would

747
00:40:39,480 --> 00:40:41,959
Speaker 2: have walked into this property with HGTV eyes, I would

748
00:40:41,960 --> 00:40:44,160
Speaker 2: have walked out and missed out on the opportunity. But

749
00:40:44,239 --> 00:40:46,520
Speaker 2: this property is appreciated by over four hundred thousand dollars

750
00:40:46,560 --> 00:40:50,400
Speaker 2: over the past eight years. That's fifty thousand dollars and

751
00:40:50,520 --> 00:40:54,480
Speaker 2: new net worth for doing nothing over the past eight years.

752
00:40:54,560 --> 00:40:56,600
Speaker 2: Some of y'all don't even make fifty thousand dollars per

753
00:40:56,680 --> 00:40:59,600
Speaker 2: year in active income, working two thousand hours per year.

754
00:41:01,600 --> 00:41:04,520
Speaker 2: I had had to do nothing except by right in

755
00:41:04,640 --> 00:41:11,000
Speaker 2: order to experience this increase in equity. Okay, I saw

756
00:41:11,040 --> 00:41:14,160
Speaker 2: the wave coming from Manhattan to Dumbo. What did JG

757
00:41:14,320 --> 00:41:16,680
Speaker 2: saying four forty four? Should have bought that property in Dumbo?

758
00:41:16,760 --> 00:41:20,040
Speaker 2: Dumbo right, then to Fort Green, then to Clinton Hill,

759
00:41:20,160 --> 00:41:23,640
Speaker 2: then the Sty Heights, then to Bedstide, And so I

760
00:41:23,680 --> 00:41:26,960
Speaker 2: bought in Bedstide before the wave hit Bedstide. And what

761
00:41:27,000 --> 00:41:32,040
Speaker 2: was Bedsty called? What was Bedside called in twenty thirteen family,

762
00:41:32,040 --> 00:41:36,240
Speaker 2: when I bought this property, it was called do thank you, Jamila,

763
00:41:36,440 --> 00:41:38,799
Speaker 2: do or die? Bedstide. That's where I bought. I bought

764
00:41:38,800 --> 00:41:41,239
Speaker 2: in a neighborhood called do or Die? Who was to

765
00:41:41,239 --> 00:41:43,680
Speaker 2: live in a neighborhood called do or Die? I did

766
00:41:44,239 --> 00:41:46,359
Speaker 2: because I knew it was about to happen. I saw

767
00:41:46,440 --> 00:41:49,279
Speaker 2: what was changing. I was able to identify the thirty

768
00:41:49,320 --> 00:41:52,560
Speaker 2: three signs of gentrification, and I realized that bedside had

769
00:41:52,560 --> 00:41:55,200
Speaker 2: about ten to fifteen and it was moving towards thirty three.

770
00:41:55,560 --> 00:41:57,000
Speaker 2: And so now that wave is all the way out

771
00:41:57,000 --> 00:42:00,920
Speaker 2: in East New York towards JFK, and my appreciation on

772
00:42:00,960 --> 00:42:02,719
Speaker 2: that property just going up and up and up, and

773
00:42:02,760 --> 00:42:06,239
Speaker 2: it's stuck because it's New York. It ain't never going down, right.

774
00:42:06,440 --> 00:42:09,920
Speaker 2: And I'm able to use that equity through a helot

775
00:42:10,280 --> 00:42:13,319
Speaker 2: or refinancing to buy more and more real estate and

776
00:42:13,320 --> 00:42:16,719
Speaker 2: smaller or less expensive markets. So you got to learn

777
00:42:16,800 --> 00:42:19,839
Speaker 2: how to play the game right. You cannot work your

778
00:42:19,840 --> 00:42:22,160
Speaker 2: way to wealth. So you got to decide what side

779
00:42:22,160 --> 00:42:23,320
Speaker 2: of the equation do you want to be on it.

780
00:42:23,400 --> 00:42:25,480
Speaker 2: You're gonna be a single family at TV buyer that's

781
00:42:25,520 --> 00:42:27,560
Speaker 2: looking for granted countertop. Are you gonna be a multi

782
00:42:27,640 --> 00:42:30,040
Speaker 2: fammily real estate investor that's looking for guaranteed cash flow?

783
00:42:30,400 --> 00:42:33,120
Speaker 2: Are you gonna be buying based on emotions? Are you

784
00:42:33,160 --> 00:42:36,960
Speaker 2: going to be buying based on economics right? Are you

785
00:42:37,040 --> 00:42:38,799
Speaker 2: looking for your dream home? Are you going to be

786
00:42:38,800 --> 00:42:40,719
Speaker 2: looking for an asset that will pay for your dream home?

787
00:42:41,280 --> 00:42:43,600
Speaker 2: Are you looking for a finished basement? Are you looking

788
00:42:43,719 --> 00:42:46,840
Speaker 2: to start building wealth? Which side of the equation do

789
00:42:46,920 --> 00:42:50,200
Speaker 2: you want to be from? Be on? Okay, if you

790
00:42:50,239 --> 00:42:52,799
Speaker 2: stick with me and Matt long enough on the right

791
00:42:52,840 --> 00:42:55,399
Speaker 2: side of the equation, we can get you the home

792
00:42:55,480 --> 00:42:58,200
Speaker 2: that you desire for free without you paying for it.

793
00:42:58,960 --> 00:43:01,120
Speaker 2: But if you want to peoplep with the Joneses and

794
00:43:01,160 --> 00:43:03,200
Speaker 2: you want to follow the American dream, you want to

795
00:43:03,200 --> 00:43:06,000
Speaker 2: feel the pressure, you want to compare, then good luck

796
00:43:06,080 --> 00:43:08,680
Speaker 2: on that path to getting free. You will only slow

797
00:43:08,719 --> 00:43:11,200
Speaker 2: your process and it will take you longer and longer

798
00:43:11,239 --> 00:43:16,800
Speaker 2: and longer, meaning more years of work, more savings, less freedom. Okay,

799
00:43:17,280 --> 00:43:22,040
Speaker 2: so many people think that you need a lot of

800
00:43:22,040 --> 00:43:24,320
Speaker 2: money to get started in real estate, and you don't.

801
00:43:25,560 --> 00:43:28,520
Speaker 2: You don't, and I'm improving to you. I bought that

802
00:43:28,560 --> 00:43:33,160
Speaker 2: property in twenty thirteen. Here's my W two from twenty twelve. Family.

803
00:43:34,360 --> 00:43:37,640
Speaker 2: This is my actual W two from twenty and twelve,

804
00:43:37,880 --> 00:43:42,000
Speaker 2: and I only made thirty five thousand dollars, so I

805
00:43:42,120 --> 00:43:45,120
Speaker 2: bought a triplex in Brooklyn, New York, when I wasn't

806
00:43:45,120 --> 00:43:47,120
Speaker 2: making a lot of money in New York City, the

807
00:43:47,120 --> 00:43:49,960
Speaker 2: most expensive market in the world, while I was an entrepreneur,

808
00:43:50,120 --> 00:43:53,600
Speaker 2: and within three years of an economic recession. So this

809
00:43:53,680 --> 00:43:56,200
Speaker 2: is proof that you do not need lots of money

810
00:43:56,280 --> 00:44:01,399
Speaker 2: to get started in real estate, especially multi family state. Right,

811
00:44:02,200 --> 00:44:04,120
Speaker 2: this is my actual W two. This is what the

812
00:44:04,239 --> 00:44:07,120
Speaker 2: lender used to qualify me for that triplex in Brooklyn,

813
00:44:07,160 --> 00:44:10,960
Speaker 2: New York. But because you didn't understand how real estate

814
00:44:11,040 --> 00:44:13,719
Speaker 2: multi TIMI real estate in particular, was finance, you didn't

815
00:44:13,719 --> 00:44:16,200
Speaker 2: believe that you could actually get in the game with

816
00:44:16,239 --> 00:44:21,520
Speaker 2: your low income houseway, houseway, I'm gonna show you how. Okay,

817
00:44:22,560 --> 00:44:24,560
Speaker 2: So if you go to buy a single family home,

818
00:44:24,920 --> 00:44:28,279
Speaker 2: the lender will typically finance you for about forty six

819
00:44:28,360 --> 00:44:32,200
Speaker 2: times right, what your W two income is. So if

820
00:44:32,200 --> 00:44:34,400
Speaker 2: your W two income for this pink single family in

821
00:44:34,440 --> 00:44:37,399
Speaker 2: New Orleans, which is one of my major markets, six

822
00:44:37,440 --> 00:44:40,120
Speaker 2: times forty is two hundred and forty thousand dollars. Now,

823
00:44:40,120 --> 00:44:42,560
Speaker 2: there's other factors that apply, like your credit score, the

824
00:44:42,600 --> 00:44:45,239
Speaker 2: consistency of your income, et cetera. But in general, a

825
00:44:45,320 --> 00:44:47,600
Speaker 2: lender will finance you for about six times your W

826
00:44:47,680 --> 00:44:51,359
Speaker 2: two income. Okay, that's if you buy a single family home, right,

827
00:44:52,200 --> 00:44:53,960
Speaker 2: But what most of you didn't know is that multicim

828
00:44:54,040 --> 00:44:56,520
Speaker 2: real estate is financed a little bit differently, all right,

829
00:44:56,560 --> 00:45:00,399
Speaker 2: and it makes a huge difference. Right, So your mind

830
00:45:00,400 --> 00:45:05,640
Speaker 2: blowed to Mosi's ready, You're ready watch this. If you

831
00:45:07,080 --> 00:45:10,759
Speaker 2: instead by a multifamily home, what you didn't know is

832
00:45:10,760 --> 00:45:13,640
Speaker 2: that the lender will give you credit for seventy five

833
00:45:13,680 --> 00:45:15,319
Speaker 2: percent of the rents that you are going to get

834
00:45:15,400 --> 00:45:18,040
Speaker 2: once you acquire the property, and they will add that

835
00:45:18,080 --> 00:45:21,000
Speaker 2: to your W two income today and then qualify you

836
00:45:21,040 --> 00:45:23,680
Speaker 2: based on that number. So this is an actual four

837
00:45:23,760 --> 00:45:27,240
Speaker 2: plex that I own in New Orleans, Okay, and imagine

838
00:45:27,239 --> 00:45:31,080
Speaker 2: that each door is one thousand dollars of rent. That's

839
00:45:31,120 --> 00:45:33,640
Speaker 2: four thousand dollars a month times seventy five percent, that's

840
00:45:33,680 --> 00:45:37,320
Speaker 2: three thousand dollars times twelve months is thirty six thousand dollars.

841
00:45:37,480 --> 00:45:39,720
Speaker 2: So the lender will take that thirty six thousand dollars

842
00:45:39,760 --> 00:45:43,080
Speaker 2: in future rental income. I haven't collected one rent check,

843
00:45:43,480 --> 00:45:45,360
Speaker 2: but they will take that thirty six thousand dollars in

844
00:45:45,400 --> 00:45:48,840
Speaker 2: future rental income. Add it to my forty thousand dollars

845
00:45:49,080 --> 00:45:52,360
Speaker 2: of W two income and then qualify me based on

846
00:45:52,440 --> 00:45:57,160
Speaker 2: seventy six thousand dollars of income. Seventy six times six

847
00:45:57,360 --> 00:46:00,720
Speaker 2: is four hundred and fifty six thousand dollars. Literally able

848
00:46:00,760 --> 00:46:03,160
Speaker 2: to buy twice as much real estate because I buyt

849
00:46:03,200 --> 00:46:05,799
Speaker 2: a multi family home instead of a single family home.

850
00:46:07,600 --> 00:46:11,040
Speaker 2: So you just simply didn't know how real estate was financed. So,

851
00:46:11,120 --> 00:46:15,160
Speaker 2: hearing me out on this, it is actually easier to

852
00:46:15,200 --> 00:46:17,560
Speaker 2: buy a multi family home than it is to buy

853
00:46:17,560 --> 00:46:23,000
Speaker 2: a single family home. You heard it. It is easier

854
00:46:23,640 --> 00:46:26,080
Speaker 2: to buy a multi family home than it is to

855
00:46:26,080 --> 00:46:28,399
Speaker 2: buy a single family home. The reason I was able

856
00:46:28,440 --> 00:46:30,879
Speaker 2: to buy a triplex in Brooklyn, New York with only

857
00:46:30,920 --> 00:46:33,600
Speaker 2: thirty six thousand dollars of income is because New York

858
00:46:33,640 --> 00:46:36,640
Speaker 2: rents were so high. So when you take two thousand

859
00:46:36,680 --> 00:46:39,800
Speaker 2: dollars per month in rents for the two bedroom and

860
00:46:39,840 --> 00:46:42,440
Speaker 2: the three bedroom that I had up there, right, actually

861
00:46:42,640 --> 00:46:46,000
Speaker 2: for the whole building, six thousand, right, seventy five percent

862
00:46:46,000 --> 00:46:51,000
Speaker 2: of that is forty five hundred times twelve months is

863
00:46:52,160 --> 00:46:56,880
Speaker 2: fifty four thousand dollars. So thirty six thousand was my

864
00:46:57,120 --> 00:47:01,160
Speaker 2: W two right plus fifty four, So now they're qualifying

865
00:47:01,280 --> 00:47:06,799
Speaker 2: based on ninety thousand dollars of income. This is how

866
00:47:08,239 --> 00:47:09,960
Speaker 2: so some of you have been taking yourself out of

867
00:47:09,960 --> 00:47:11,880
Speaker 2: the game because you just thought that you didn't make enough,

868
00:47:12,120 --> 00:47:17,320
Speaker 2: but you just didn't know how real estate was financed. Okay,

869
00:47:17,960 --> 00:47:21,040
Speaker 2: So again you've got to get off of We're gonna

870
00:47:21,040 --> 00:47:22,759
Speaker 2: get into all the loan types. We're gonna get into

871
00:47:22,760 --> 00:47:24,640
Speaker 2: that in just a second. Okay, So you got to

872
00:47:24,640 --> 00:47:27,160
Speaker 2: get off the American dream because a lot of y'all

873
00:47:27,160 --> 00:47:30,399
Speaker 2: are dating. How many if you single type single, if

874
00:47:30,440 --> 00:47:34,160
Speaker 2: you are serious, type serious, if you engaged, type engaged,

875
00:47:34,200 --> 00:47:39,640
Speaker 2: and if you married, type married. If the single type single,

876
00:47:39,680 --> 00:47:42,440
Speaker 2: if you serious, type serious, if you're engaged, type engaged,

877
00:47:42,680 --> 00:47:47,840
Speaker 2: if you're married type married. All right, so this is

878
00:47:47,880 --> 00:47:52,040
Speaker 2: from my single and my serious and my engaged folks. Okay,

879
00:47:54,360 --> 00:47:59,520
Speaker 2: don't do stupid stuff like this. Do not buy your

880
00:47:59,600 --> 00:48:07,120
Speaker 2: first home together. Don't it's romantic. Oh we bought our

881
00:48:07,120 --> 00:48:10,120
Speaker 2: first house together. It is the stupidest thing that you

882
00:48:10,160 --> 00:48:13,480
Speaker 2: can do when it comes to building wealth for your family.

883
00:48:14,000 --> 00:48:18,960
Speaker 2: You never ever want to tie two people to one mortgage.

884
00:48:19,680 --> 00:48:24,319
Speaker 2: You never want to tie two people to one mortgage.

885
00:48:24,560 --> 00:48:27,480
Speaker 2: So now you have this three hundred thousand dollars mortgage,

886
00:48:27,600 --> 00:48:30,040
Speaker 2: and you both put your names on the mortgage. So

887
00:48:30,080 --> 00:48:32,520
Speaker 2: now it looks like your family has six hundred thousand

888
00:48:32,560 --> 00:48:35,000
Speaker 2: dollars worth of debt, when it's really only three hundred

889
00:48:35,000 --> 00:48:37,480
Speaker 2: thousand dollars worth of debt. So whoever has the highest

890
00:48:37,480 --> 00:48:40,520
Speaker 2: income and can get finance for that home by themselves,

891
00:48:41,000 --> 00:48:43,840
Speaker 2: they should go get that home. In fact, you should

892
00:48:43,840 --> 00:48:47,680
Speaker 2: both buy multi family homes first and then bring your

893
00:48:47,880 --> 00:48:50,880
Speaker 2: kingdom and Queendom or however it worked for you together.

894
00:48:52,320 --> 00:48:55,239
Speaker 2: That's how we start building wealth as a community. But

895
00:48:55,280 --> 00:48:57,440
Speaker 2: instead you want to keep up with the Joneses. You

896
00:48:57,480 --> 00:48:59,719
Speaker 2: want to do the romantic thing. We put our first

897
00:48:59,760 --> 00:49:05,600
Speaker 2: have together, and you literally cut your wealth in half together.

898
00:49:07,560 --> 00:49:09,440
Speaker 2: You were cutting the cake, and you were cutting your

899
00:49:09,480 --> 00:49:12,080
Speaker 2: wealth in half because you were following the American dreams,

900
00:49:12,200 --> 00:49:15,160
Speaker 2: trying to keep up with the Joneses. See it's little

901
00:49:15,200 --> 00:49:19,760
Speaker 2: stuff like this that'll literally throw you off. Your friends

902
00:49:19,880 --> 00:49:22,799
Speaker 2: follow the blueprint, They follow mass blueprint, they follow the

903
00:49:22,840 --> 00:49:25,279
Speaker 2: multi family master plan, and now they have double the

904
00:49:25,280 --> 00:49:27,120
Speaker 2: wealth that you have because you wanted to do the

905
00:49:27,200 --> 00:49:31,440
Speaker 2: romantic thing. Oh no, I know, but I just want

906
00:49:31,440 --> 00:49:33,839
Speaker 2: to buy our first house together, you know, it's our

907
00:49:33,840 --> 00:49:35,640
Speaker 2: big because we're gonna live there, We're gonna have our

908
00:49:35,680 --> 00:49:38,399
Speaker 2: kids there, We're going to buy our first. You're trying

909
00:49:38,400 --> 00:49:40,600
Speaker 2: to create wealth? Are you trying to look cute on

910
00:49:40,640 --> 00:49:50,600
Speaker 2: paper and on Instagram? Okay? Instead, you divide and conquer. Okay,

911
00:49:50,760 --> 00:49:54,360
Speaker 2: you divide and conquer. You both go get your multi families.

912
00:49:54,719 --> 00:49:57,800
Speaker 2: Then you come together and you let their rental income

913
00:49:58,080 --> 00:50:00,400
Speaker 2: or the cash flow from that multi family, those two

914
00:50:00,520 --> 00:50:05,279
Speaker 2: multi families actually buy you your dream home. This is

915
00:50:05,280 --> 00:50:09,640
Speaker 2: the process. Now you have your dream home, and you

916
00:50:09,680 --> 00:50:12,719
Speaker 2: weren't working for it, you weren't paying for it. You

917
00:50:12,840 --> 00:50:18,160
Speaker 2: have it because you are housing other people. And the

918
00:50:18,239 --> 00:50:20,239
Speaker 2: game that you get, the process that you get from

919
00:50:20,239 --> 00:50:23,480
Speaker 2: providing quality, affordable housing to other people, actually gives you

920
00:50:23,520 --> 00:50:28,840
Speaker 2: the freedom to buy your dream home without you paying

921
00:50:28,880 --> 00:50:31,919
Speaker 2: for it. Even if both of you were to lose

922
00:50:31,960 --> 00:50:36,200
Speaker 2: your jobs, family, your dream home would still be yours.

923
00:50:38,440 --> 00:50:41,880
Speaker 2: Are y'all getting this? Mabel said it right? Key rings

924
00:50:41,880 --> 00:50:45,960
Speaker 2: before wedding rings, key rings before wedding rings. This is

925
00:50:46,040 --> 00:50:51,000
Speaker 2: really crucial, right, This is really crucial. You can double

926
00:50:51,040 --> 00:50:53,520
Speaker 2: your wealth if you both run the play, or you

927
00:50:53,520 --> 00:50:56,000
Speaker 2: can cut it in half. It's up to you, Okay,

928
00:50:56,520 --> 00:51:01,239
Speaker 2: So this is Alan, right, he's a vet. He uses

929
00:51:01,320 --> 00:51:02,800
Speaker 2: VA loan. What we're going to talk about in just

930
00:51:02,880 --> 00:51:05,600
Speaker 2: a second. He uses VA loan to buy this property.

931
00:51:05,600 --> 00:51:07,360
Speaker 2: He said, Hello, Julian, I want to thank you for

932
00:51:07,400 --> 00:51:08,880
Speaker 2: the great service you provide. I learned a great deal

933
00:51:08,920 --> 00:51:10,680
Speaker 2: from a detailed instruction for the past three months during

934
00:51:10,719 --> 00:51:12,680
Speaker 2: the pandemic, and I recing clothes on the multifiming property

935
00:51:12,680 --> 00:51:15,680
Speaker 2: in Baltimore, Maryland on six seventeen twenty. The property cash

936
00:51:15,719 --> 00:51:18,160
Speaker 2: flows and is an appreciating market with built in equity

937
00:51:18,200 --> 00:51:20,320
Speaker 2: as well, or not have had the confidence to handle

938
00:51:20,360 --> 00:51:22,319
Speaker 2: the deal like such a boss without the expert knowledge

939
00:51:22,360 --> 00:51:24,200
Speaker 2: provided in your course. I feel like I have the

940
00:51:24,239 --> 00:51:26,759
Speaker 2: answers to the test every step along the way. Thanks again, brother,

941
00:51:26,800 --> 00:51:28,560
Speaker 2: for the gateway to freedom and generational wealth. I would

942
00:51:28,560 --> 00:51:32,320
Speaker 2: certainly pay it forward. So Alan went on to propose

943
00:51:32,400 --> 00:51:35,279
Speaker 2: to a significant other on the third floor of that property. Right,

944
00:51:35,800 --> 00:51:40,279
Speaker 2: they got engaged, They got married two months later, they

945
00:51:40,320 --> 00:51:42,640
Speaker 2: gave birth to a child three months after that. And

946
00:51:42,680 --> 00:51:45,239
Speaker 2: what did he say? Key rings? Same thing Mabel said,

947
00:51:45,400 --> 00:51:53,560
Speaker 2: key rings before wedding rings. Key rings before wedding rings. Okay,

948
00:51:54,320 --> 00:51:57,680
Speaker 2: so now I know you're here. I had to get

949
00:51:57,680 --> 00:51:59,560
Speaker 2: that out of the way just to flip some of

950
00:51:59,600 --> 00:52:02,799
Speaker 2: your mind set around multi family real estate financing. We're

951
00:52:02,800 --> 00:52:05,160
Speaker 2: going to go into the specific strategies right here, right now,

952
00:52:05,200 --> 00:52:07,680
Speaker 2: because I know all y'all are here, like Julian. Okay,

953
00:52:07,880 --> 00:52:12,120
Speaker 2: we fifty two minutes in and you know, Julie, show

954
00:52:12,200 --> 00:52:15,520
Speaker 2: me the money. Okay, I get it now, but show

955
00:52:15,560 --> 00:52:17,399
Speaker 2: me the money. How many already for me to show

956
00:52:17,440 --> 00:52:24,320
Speaker 2: you the money? How many already to show me the money? Okay?

957
00:52:24,840 --> 00:52:27,279
Speaker 2: So the reason I'm not showing the reason I took

958
00:52:27,320 --> 00:52:29,160
Speaker 2: a minute to show you the money is because some

959
00:52:29,200 --> 00:52:33,600
Speaker 2: of your mental real estate is off. You think that

960
00:52:33,640 --> 00:52:36,040
Speaker 2: you just want to go straight to the A step

961
00:52:36,080 --> 00:52:39,000
Speaker 2: A through Z. But the reason some of you don't

962
00:52:39,040 --> 00:52:40,880
Speaker 2: have any physical real estate is because of your mental

963
00:52:40,880 --> 00:52:43,840
Speaker 2: real estate. You have a lot of limiting beliefs and

964
00:52:43,920 --> 00:52:46,719
Speaker 2: mental blockages that are stopping you from actually understanding and

965
00:52:46,760 --> 00:52:48,680
Speaker 2: getting into the game. So we had to get those

966
00:52:48,719 --> 00:52:50,799
Speaker 2: out of the way first to just show you that

967
00:52:50,880 --> 00:52:53,759
Speaker 2: this is possible. Okay. But now that we've addressed some

968
00:52:53,800 --> 00:52:56,400
Speaker 2: of the mental real estate up here, the most important

969
00:52:56,400 --> 00:52:58,839
Speaker 2: real estate that you have, now we can actually get

970
00:52:58,840 --> 00:53:02,640
Speaker 2: into the tactic. The problem is that many of you

971
00:53:02,719 --> 00:53:05,520
Speaker 2: have been pursuing the tactical, but if you have, you

972
00:53:05,560 --> 00:53:11,040
Speaker 2: haven't been addressing the mental. Okay, And here's how I know.

973
00:53:11,920 --> 00:53:13,879
Speaker 2: Almost all of you have read rich Dad, Poor Dad,

974
00:53:14,040 --> 00:53:17,759
Speaker 2: or you bought it. Forty million people have bought rich Dad,

975
00:53:17,760 --> 00:53:21,200
Speaker 2: Poor Dad, but forty million people have not bought real estate.

976
00:53:23,120 --> 00:53:25,640
Speaker 2: So there's a gap there. There's a knowing doing gap.

977
00:53:26,040 --> 00:53:29,480
Speaker 2: I had the information. I watch EYO all the time.

978
00:53:29,719 --> 00:53:33,239
Speaker 2: I'm on market Mondays. I'm watching all these YouTube videos

979
00:53:33,440 --> 00:53:35,560
Speaker 2: on how to buy multi family real estate, but I

980
00:53:35,640 --> 00:53:40,440
Speaker 2: haven't bought multi family real estate. There's a knowing doing gap,

981
00:53:40,960 --> 00:53:43,839
Speaker 2: and that is your mental This is a knowing doing

982
00:53:43,880 --> 00:53:45,880
Speaker 2: gap right here. This is why you aren't able to

983
00:53:45,880 --> 00:53:48,080
Speaker 2: get to the promised land over here. It's because you

984
00:53:48,200 --> 00:53:51,240
Speaker 2: know better, but you're not doing better because there's something

985
00:53:51,280 --> 00:53:55,359
Speaker 2: blocking you here. So I know a lot of you

986
00:53:55,360 --> 00:53:57,160
Speaker 2: want to skip steps. You want to go straight to

987
00:53:57,200 --> 00:54:00,480
Speaker 2: the tactical. But you've had the tactical for however, you've

988
00:54:00,480 --> 00:54:02,680
Speaker 2: been wanting this for five, ten, fifteen years now, you

989
00:54:02,719 --> 00:54:05,160
Speaker 2: still haven't done it. You've had it on the tactical.

990
00:54:05,640 --> 00:54:07,920
Speaker 2: You can go try to piece this together on YouTube,

991
00:54:08,960 --> 00:54:11,399
Speaker 2: blog post podcast. You can watch all the podcast blog

992
00:54:11,440 --> 00:54:13,719
Speaker 2: posts that you want. You have the tactical it's there.

993
00:54:13,880 --> 00:54:17,880
Speaker 2: What nobody teaches you is the mental real estate, okay,

994
00:54:18,280 --> 00:54:21,680
Speaker 2: says be transformed by the renewing of your mind, not

995
00:54:21,760 --> 00:54:28,960
Speaker 2: the renewing of your YouTube playlist. All right, So strategy

996
00:54:29,040 --> 00:54:35,799
Speaker 2: number one, okay, it's FHA fha Okay. FAHA is one

997
00:54:35,840 --> 00:54:38,400
Speaker 2: of our favorite plays to run. And many of you

998
00:54:38,440 --> 00:54:40,320
Speaker 2: know this. And for those of you who already have doors,

999
00:54:40,400 --> 00:54:45,040
Speaker 2: who already use FAHA, stay tuned. Okay. So with FHA,

1000
00:54:45,440 --> 00:54:47,319
Speaker 2: you literally only have to put three and a half

1001
00:54:47,360 --> 00:54:50,400
Speaker 2: percent down, Okay, three and a half percent down. So

1002
00:54:50,440 --> 00:54:52,480
Speaker 2: this is a duplex that I control in New Orleans,

1003
00:54:52,600 --> 00:54:54,960
Speaker 2: and three and a half percent down is only ten thousand,

1004
00:54:55,160 --> 00:55:00,439
Speaker 2: five hundred dollars, right, It's ten thousand, five hundred dollars, right,

1005
00:55:00,920 --> 00:55:03,759
Speaker 2: And so this is very very powerful. So let me

1006
00:55:03,880 --> 00:55:09,360
Speaker 2: show you what that looks like, right, And three hundred

1007
00:55:09,360 --> 00:55:13,160
Speaker 2: thousand dollars three point five percent down, ten thousand, five

1008
00:55:13,239 --> 00:55:16,520
Speaker 2: hundred dollars, okay, to control the three hundred thousand dollars property.

1009
00:55:16,560 --> 00:55:19,120
Speaker 2: The rents on this property are thirty two hundred dollars.

1010
00:55:19,200 --> 00:55:22,120
Speaker 2: The more you're just twelve fifty nine, the taxes insurance

1011
00:55:22,239 --> 00:55:24,520
Speaker 2: are three thirty five and the CAPEX repairers are of

1012
00:55:24,520 --> 00:55:28,080
Speaker 2: the vacancy rate are five hundred and fifteen dollars. Okay,

1013
00:55:28,239 --> 00:55:30,319
Speaker 2: this is money that I set aside from rents every

1014
00:55:30,360 --> 00:55:34,000
Speaker 2: single month for future repairs in vacancy. All right. So

1015
00:55:34,040 --> 00:55:36,520
Speaker 2: people say, Julian, how do you fix the property? What

1016
00:55:36,680 --> 00:55:40,080
Speaker 2: every month? When I get the thirty two hundred dollars

1017
00:55:40,120 --> 00:55:43,640
Speaker 2: in rent, I set aside five hundred and fifteen dollars

1018
00:55:43,719 --> 00:55:46,600
Speaker 2: every single month for future repairs. Does this makes sense?

1019
00:55:47,560 --> 00:55:53,880
Speaker 2: CAPEX is capital expenditures roof, foundation, electrical, plumbing, HVAC. I

1020
00:55:53,920 --> 00:55:56,160
Speaker 2: know that those are going to be big bills later on,

1021
00:55:56,239 --> 00:56:03,040
Speaker 2: so I'm starting to save for them now Today. Big

1022
00:56:03,080 --> 00:56:05,080
Speaker 2: expenses don't come out of my pocket. They come out

1023
00:56:05,120 --> 00:56:07,319
Speaker 2: of my cap X and my repair reserves that I've

1024
00:56:07,360 --> 00:56:15,440
Speaker 2: been saving. This makes sense, okay. And then the cash

1025
00:56:15,480 --> 00:56:18,520
Speaker 2: flow on this property is one thousand, ninety dollars every

1026
00:56:18,560 --> 00:56:21,000
Speaker 2: single month for the rest of my life. Okay. So

1027
00:56:21,080 --> 00:56:23,160
Speaker 2: here's an old rent check from this property about this

1028
00:56:23,200 --> 00:56:25,719
Speaker 2: property in twenty nineteen. This is an old rent check

1029
00:56:25,960 --> 00:56:28,640
Speaker 2: from that property. Okay, thirty two hundred dollars every single month,

1030
00:56:28,680 --> 00:56:32,799
Speaker 2: sixteen hundred per unit. All right, so answer me this,

1031
00:56:33,520 --> 00:56:35,440
Speaker 2: what are the business? Can you buy for three hundred

1032
00:56:35,440 --> 00:56:37,879
Speaker 2: thousand dollars with only ten thousand, five hundred dollars down,

1033
00:56:38,239 --> 00:56:40,520
Speaker 2: get finance for the other two hundred and eighty nine

1034
00:56:40,520 --> 00:56:43,359
Speaker 2: thousand dollars in thirty to forty five days simply by

1035
00:56:43,360 --> 00:56:46,920
Speaker 2: emailing some documents to a lender, have that business immediately

1036
00:56:46,920 --> 00:56:49,319
Speaker 2: cash low in thirty days and succeed with minimum time,

1037
00:56:49,360 --> 00:57:08,360
Speaker 2: effort experience. Please let me know in chat there are none.

1038
00:57:10,120 --> 00:57:13,560
Speaker 2: There are none. Family rest in pieces of Alex Trebet.

1039
00:57:14,560 --> 00:57:16,720
Speaker 2: This is why multi family real estate has to be

1040
00:57:16,800 --> 00:57:19,200
Speaker 2: the first asset in your family's name. There are so

1041
00:57:19,240 --> 00:57:22,040
Speaker 2: many benefits from it, removing your house and expense, it

1042
00:57:22,160 --> 00:57:25,360
Speaker 2: providing you with cash flow, providing you with tax savings right,

1043
00:57:25,720 --> 00:57:29,840
Speaker 2: and also principal paydown and appreciation. Right. These five benefits,

1044
00:57:29,880 --> 00:57:31,960
Speaker 2: there's no other asset class that provides you with all

1045
00:57:32,000 --> 00:57:34,400
Speaker 2: five of those things. You cannot live in your stock portfolio,

1046
00:57:35,240 --> 00:57:38,240
Speaker 2: you cannot live in your cryptocurrency, you cannot live in

1047
00:57:38,280 --> 00:57:43,000
Speaker 2: your NFT okay, but you can live in your multi

1048
00:57:43,000 --> 00:57:45,840
Speaker 2: family home. So not only is it an asset, but

1049
00:57:45,880 --> 00:57:48,720
Speaker 2: It also removes your biggest expense that you will have

1050
00:57:48,800 --> 00:57:51,640
Speaker 2: in life, even greater than taxes, which is your house

1051
00:57:51,680 --> 00:57:56,960
Speaker 2: and expense. Okay, So here's why you buy your multi

1052
00:57:56,960 --> 00:57:59,560
Speaker 2: family first and not a single family. Okay, So listen

1053
00:57:59,600 --> 00:58:03,080
Speaker 2: to this. If you use your three and a half

1054
00:58:03,120 --> 00:58:05,480
Speaker 2: percent down for your single family one hundred thousand dollars

1055
00:58:05,520 --> 00:58:10,280
Speaker 2: single family, right, that's thirty five hundred dollars down payment. Ooh,

1056
00:58:10,280 --> 00:58:11,640
Speaker 2: look at me, I got a house for thirty five

1057
00:58:11,680 --> 00:58:14,080
Speaker 2: hundred dollars. Okay, But then you come to this webinar,

1058
00:58:14,160 --> 00:58:15,240
Speaker 2: you say, Julian and I am going to be a

1059
00:58:15,280 --> 00:58:17,920
Speaker 2: multifimmering real estate investor. Now, little did you know is

1060
00:58:17,960 --> 00:58:19,959
Speaker 2: that you're gonna have to put twenty five percent down

1061
00:58:19,960 --> 00:58:22,840
Speaker 2: for a non owner occupied multifammy home. If you do

1062
00:58:22,920 --> 00:58:25,520
Speaker 2: not live in the property. It's gonna be twenty five

1063
00:58:25,520 --> 00:58:27,600
Speaker 2: percent down to twenty five percent down on that three

1064
00:58:27,720 --> 00:58:30,600
Speaker 2: hundred thousand dollars property is seventy five thousand dollars. So

1065
00:58:30,760 --> 00:58:32,960
Speaker 2: let's add up those two down payments and watch this.

1066
00:58:33,400 --> 00:58:37,800
Speaker 2: That's seventy eight thousand dollars worth of down payment. Okay, okay,

1067
00:58:38,520 --> 00:58:42,960
Speaker 2: now watch this. Get your mind blown. The Mosi's ready,

1068
00:58:43,600 --> 00:58:46,280
Speaker 2: I'm going to answer questions live at the end. Family,

1069
00:58:46,320 --> 00:58:50,120
Speaker 2: I see you answer asking questions. Everybody, please hold your questions,

1070
00:58:50,680 --> 00:58:54,000
Speaker 2: copy them, paste them on a word document, on a note,

1071
00:58:54,040 --> 00:58:56,760
Speaker 2: and I'm going to answer questions live at the end. Okay.

1072
00:58:56,920 --> 00:58:58,920
Speaker 2: I got to get through the presentation first, which is

1073
00:58:58,920 --> 00:59:04,000
Speaker 2: the reason people came, and any miscellaneous questions about the

1074
00:59:04,040 --> 00:59:07,280
Speaker 2: presentation or otherwise I will answer at the end. Is

1075
00:59:07,320 --> 00:59:12,680
Speaker 2: that fair? Is that cool? Everybody? I'm just seeing tons

1076
00:59:12,680 --> 00:59:14,760
Speaker 2: of questions in the chat. I know you're excited. I

1077
00:59:14,800 --> 00:59:17,680
Speaker 2: know you want to learn, right, but I'm literally teaching

1078
00:59:17,680 --> 00:59:20,560
Speaker 2: a thousand people right now, So I can't just run

1079
00:59:20,600 --> 00:59:24,320
Speaker 2: off down this road with you. When these thousand people

1080
00:59:24,360 --> 00:59:26,160
Speaker 2: came here for a specific reason, which was to learn

1081
00:59:26,240 --> 00:59:30,560
Speaker 2: these six strategies. All right, it would actually be selfish

1082
00:59:30,600 --> 00:59:32,680
Speaker 2: if I just went down that road with you while

1083
00:59:32,760 --> 00:59:35,000
Speaker 2: nine hundred and ninety nine other people just were waiting

1084
00:59:35,080 --> 00:59:39,200
Speaker 2: for me to come back. So I'm going to answer

1085
00:59:39,280 --> 00:59:42,720
Speaker 2: questions live at the end. Is that clear? All right? Cool?

1086
00:59:43,400 --> 00:59:46,360
Speaker 2: Back to the lecture at hand. So watch this, y'all.

1087
00:59:46,840 --> 00:59:50,120
Speaker 2: If all we did was change the sequence, If all

1088
00:59:50,120 --> 00:59:52,080
Speaker 2: we did would change the sequence, plus what happened to

1089
00:59:52,120 --> 00:59:54,880
Speaker 2: the total down payment, y'all watch this. If we put

1090
00:59:54,880 --> 00:59:57,120
Speaker 2: three and a half percent down on our multifamily, first,

1091
00:59:57,360 --> 00:59:59,920
Speaker 2: look at the total down payment ten five hundred dollars.

1092
01:00:00,320 --> 01:00:02,040
Speaker 2: Then after living there for one year, which is the

1093
01:00:02,080 --> 01:00:04,840
Speaker 2: FAHA requirement, then we put twenty five percent down on

1094
01:00:04,880 --> 01:00:07,360
Speaker 2: our single family, which is actually not required if it's

1095
01:00:07,360 --> 01:00:09,040
Speaker 2: a single family that you're going to live in, But

1096
01:00:09,240 --> 01:00:11,400
Speaker 2: just to keep the numbers consistent, twenty five percent down

1097
01:00:11,440 --> 01:00:13,880
Speaker 2: one hundred thousand dollar properties only twenty five thousand dollars.

1098
01:00:14,240 --> 01:00:16,960
Speaker 2: So now the total down payments for the same two

1099
01:00:17,000 --> 01:00:22,120
Speaker 2: properties is only thirty five thousand dollars. The same two

1100
01:00:22,160 --> 01:00:26,880
Speaker 2: properties you now control for half the money. Did y'all

1101
01:00:26,920 --> 01:00:30,960
Speaker 2: catch that? All we did was changed the sequence. The

1102
01:00:31,040 --> 01:00:34,600
Speaker 2: numbers don't lie. There's no magic tricks here, family. All

1103
01:00:34,640 --> 01:00:36,400
Speaker 2: we did was change the sequence. All we did was

1104
01:00:36,400 --> 01:00:38,840
Speaker 2: get off the American dream. And you can see how

1105
01:00:38,920 --> 01:00:41,520
Speaker 2: much easier it is for you to acquire multiple properties

1106
01:00:42,200 --> 01:00:45,840
Speaker 2: then for you to get your single family first and

1107
01:00:45,880 --> 01:00:52,520
Speaker 2: then try to buy multifamily. Literally half the money. Forty

1108
01:00:52,560 --> 01:00:56,760
Speaker 2: three thousand dollars difference. Okay, it would take some of

1109
01:00:56,800 --> 01:01:01,240
Speaker 2: you four years to save up an additional forty three

1110
01:01:01,240 --> 01:01:03,640
Speaker 2: thousand dollars. I literally just saved you four years if

1111
01:01:03,640 --> 01:01:06,560
Speaker 2: you're able to save one thousand dollars a month. Okay,

1112
01:01:06,880 --> 01:01:09,800
Speaker 2: So this is the key to knowing the play to run.

1113
01:01:10,040 --> 01:01:12,440
Speaker 2: So this is how we would use FAHA. So basically,

1114
01:01:12,520 --> 01:01:15,320
Speaker 2: for those who are renting right now, you're renting, you're

1115
01:01:15,320 --> 01:01:17,840
Speaker 2: paying one thousand dollars a month. The landlord takes that

1116
01:01:17,960 --> 01:01:21,360
Speaker 2: thousand dollars, that four thousand dollars, okay, they pay their

1117
01:01:21,400 --> 01:01:24,480
Speaker 2: two thousand dollars mortgage, they pocket the other two thousand,

1118
01:01:24,640 --> 01:01:26,600
Speaker 2: and they use that for their single family home or

1119
01:01:26,640 --> 01:01:28,920
Speaker 2: for their lifestyle. Right. And so now what you want

1120
01:01:28,960 --> 01:01:30,880
Speaker 2: to do is you want to acquire a four plex

1121
01:01:31,080 --> 01:01:33,840
Speaker 2: right or triplex like I did in Brooklyn. Now you're

1122
01:01:33,880 --> 01:01:36,680
Speaker 2: receiving you're living in this unit for free. Right, You're

1123
01:01:36,720 --> 01:01:40,520
Speaker 2: receiving three thousand dollars in rent. Right, you're saving three

1124
01:01:40,560 --> 01:01:43,280
Speaker 2: thousand dollars rent from the other units. But guess what,

1125
01:01:43,440 --> 01:01:45,360
Speaker 2: on top of that, you're no longer paying rent anymore.

1126
01:01:45,520 --> 01:01:48,080
Speaker 2: So that's actually four thousand dollars in your pocket. So

1127
01:01:48,120 --> 01:01:50,520
Speaker 2: you now take that, you live here for one year, okay,

1128
01:01:50,560 --> 01:01:53,440
Speaker 2: which is the FAKA requirement, then you go buy you

1129
01:01:53,440 --> 01:01:55,760
Speaker 2: pay your mortgage of two thousand. Then you go buy

1130
01:01:55,800 --> 01:01:58,080
Speaker 2: the single family home that you desire. Now you move

1131
01:01:58,120 --> 01:02:00,120
Speaker 2: a tenant into the unit that you are in. Now

1132
01:02:00,160 --> 01:02:04,240
Speaker 2: you're receiving four thousand dollars from this property right plus

1133
01:02:04,280 --> 01:02:06,920
Speaker 2: the one thousand dollars from no longer paying rent anymore.

1134
01:02:07,280 --> 01:02:09,240
Speaker 2: And now you pay the two thousand dollars mortgage over

1135
01:02:09,240 --> 01:02:11,600
Speaker 2: here and the two thousand dollars mortgage over here. Now

1136
01:02:11,640 --> 01:02:14,640
Speaker 2: you have two properties, a try four plex and a

1137
01:02:14,680 --> 01:02:17,440
Speaker 2: single family. And you went from paying negative one thousand

1138
01:02:17,480 --> 01:02:22,440
Speaker 2: dollars in rent every single month to now having two properties,

1139
01:02:22,440 --> 01:02:25,320
Speaker 2: a four plex plus your single family. And then did

1140
01:02:25,320 --> 01:02:27,920
Speaker 2: it and then did it? Excuse me? And an additional

1141
01:02:29,120 --> 01:02:33,600
Speaker 2: one thousand dollars in your pocket every single month. And

1142
01:02:33,680 --> 01:02:37,680
Speaker 2: literally this can happen in under two years if you

1143
01:02:37,760 --> 01:02:40,439
Speaker 2: lock in and get focused. You can get your rent

1144
01:02:40,480 --> 01:02:44,280
Speaker 2: mortgage freedom in three months if you lock in, But

1145
01:02:44,320 --> 01:02:47,480
Speaker 2: then after fulfilling the one year FAKA requirement, then in

1146
01:02:47,520 --> 01:02:50,520
Speaker 2: about fifteen months or more, you can actually have the

1147
01:02:50,560 --> 01:02:52,439
Speaker 2: single family that you desire, and you're not even paying

1148
01:02:52,440 --> 01:02:57,480
Speaker 2: for it. So you went from paying negative one thousand

1149
01:02:57,560 --> 01:02:59,640
Speaker 2: dollars every single month and having nothing to show for

1150
01:02:59,680 --> 01:03:03,880
Speaker 2: it to now having two properties a four plex and

1151
01:03:03,880 --> 01:03:06,800
Speaker 2: a single family that you desire plus one thousand dollars

1152
01:03:06,840 --> 01:03:13,560
Speaker 2: in your pocket positive cash flow? Are you'll grasping this? Okay?

1153
01:03:14,120 --> 01:03:18,360
Speaker 2: So most people after they get their first multi family home,

1154
01:03:18,400 --> 01:03:21,760
Speaker 2: they're like, I want to get my single family home now, Matt,

1155
01:03:21,760 --> 01:03:26,320
Speaker 2: and I say, no, not yet. I didn't buy my

1156
01:03:26,320 --> 01:03:29,080
Speaker 2: first single family home til I had twenty doors. We

1157
01:03:29,200 --> 01:03:31,160
Speaker 2: encourage you not to buy your first single family home

1158
01:03:31,240 --> 01:03:34,960
Speaker 2: until you have ten doors. Okay. And so did you

1159
01:03:35,000 --> 01:03:38,240
Speaker 2: know that you can use faha twice? Did you know

1160
01:03:38,280 --> 01:03:45,120
Speaker 2: that you could use faha twice? You can use faha

1161
01:03:45,640 --> 01:03:54,400
Speaker 2: multiple times. I can use faha twice? How sway? How sway?

1162
01:03:54,600 --> 01:04:00,000
Speaker 2: Yes you can? Right, So instead of buying a single family,

1163
01:04:00,520 --> 01:04:03,480
Speaker 2: we actually want you to go buy a triplex, okay,

1164
01:04:04,040 --> 01:04:06,840
Speaker 2: after the four plex, and then a duplex, and then

1165
01:04:06,920 --> 01:04:11,920
Speaker 2: your single family. This is the four three two one strategy. Okay.

1166
01:04:12,080 --> 01:04:15,240
Speaker 2: And the reason why is that a lender, if you

1167
01:04:15,320 --> 01:04:17,000
Speaker 2: go from a single family and then you tell them

1168
01:04:17,000 --> 01:04:19,200
Speaker 2: that you're going to buy a triplex, they see that

1169
01:04:19,280 --> 01:04:22,480
Speaker 2: as a downgrade and they don't believe you. They don't

1170
01:04:22,480 --> 01:04:24,520
Speaker 2: believe you. Why would you do that you're just trying

1171
01:04:24,520 --> 01:04:26,480
Speaker 2: to use the FAKA program to get over on us

1172
01:04:26,480 --> 01:04:29,400
Speaker 2: and to acquire an investment property. We don't believe that

1173
01:04:29,400 --> 01:04:31,200
Speaker 2: that's what you're really going to do, and so we're

1174
01:04:31,200 --> 01:04:33,520
Speaker 2: not going to lend to you. But if you are

1175
01:04:33,560 --> 01:04:35,800
Speaker 2: going from a four plex down to a triplex, or

1176
01:04:35,840 --> 01:04:38,160
Speaker 2: a triplex down to a duplex, or duplex down to

1177
01:04:38,160 --> 01:04:40,360
Speaker 2: a single family home, they see that as an upgrade

1178
01:04:40,400 --> 01:04:43,760
Speaker 2: to your life. Now, this is an upgrade from a

1179
01:04:43,800 --> 01:04:47,200
Speaker 2: wealth standpoint, but from the lender's perception, in the FAHA

1180
01:04:47,240 --> 01:04:51,520
Speaker 2: guidelines perception, they see this as a downgrade. So it

1181
01:04:51,560 --> 01:04:54,400
Speaker 2: becomes very difficult for you to get financed for a

1182
01:04:54,480 --> 01:04:57,280
Speaker 2: multi family home that is greater, it has more doors

1183
01:04:57,360 --> 01:05:02,320
Speaker 2: than the one you're currently living in. Okay, So, all

1184
01:05:02,360 --> 01:05:05,160
Speaker 2: my single family buyers, if you feel you messed up,

1185
01:05:05,200 --> 01:05:08,160
Speaker 2: type messed up, I'm not doing this to shame you.

1186
01:05:08,400 --> 01:05:13,080
Speaker 2: I'm doing this to educate all the renters that are here. Renters.

1187
01:05:13,080 --> 01:05:16,280
Speaker 2: Just look at the chat real quick, Renters, look at

1188
01:05:16,280 --> 01:05:20,600
Speaker 2: the chat real quick. I hope you all are seeing this.

1189
01:05:22,800 --> 01:05:26,440
Speaker 2: You got about sixty single family buyers who are telling

1190
01:05:26,480 --> 01:05:30,560
Speaker 2: you anonymously that they messed up. Do not follow in

1191
01:05:30,600 --> 01:05:32,760
Speaker 2: my footsteps. Now, some of y'all gonna be hard headed.

1192
01:05:32,800 --> 01:05:34,760
Speaker 2: You're gonna do what you do anyways. I wish you

1193
01:05:34,800 --> 01:05:37,760
Speaker 2: the best, but you literally have sixty or seventy single

1194
01:05:37,800 --> 01:05:41,960
Speaker 2: family buyers saying do not do what I DIDs. Are

1195
01:05:42,000 --> 01:05:50,440
Speaker 2: you seeing this? Renters? Are you seeing this? Okay? Now again,

1196
01:05:51,080 --> 01:05:52,600
Speaker 2: for those of you who bought single family homes, you're

1197
01:05:52,600 --> 01:05:54,800
Speaker 2: not stuck unless you choose to be. There are six

1198
01:05:54,840 --> 01:05:57,120
Speaker 2: ways to reverse yourself out of the situation. Only two

1199
01:05:57,160 --> 01:05:59,040
Speaker 2: of them require you to sell, and there are five

1200
01:05:59,080 --> 01:06:02,520
Speaker 2: ways to use FAH twice. Okay, so how do I

1201
01:06:02,640 --> 01:06:09,480
Speaker 2: use FAJA twice? Here are some of the strategies. One relocation.

1202
01:06:09,920 --> 01:06:12,439
Speaker 2: They have a one hundred mile rule. If you move

1203
01:06:12,640 --> 01:06:15,800
Speaker 2: over one hundred miles away from your current property, you

1204
01:06:15,840 --> 01:06:19,320
Speaker 2: can use FAHA again. If you increase in family size

1205
01:06:19,400 --> 01:06:22,000
Speaker 2: and the single family that you bought no longer fits

1206
01:06:22,080 --> 01:06:25,480
Speaker 2: or suit your family, you can use FAHA again. If

1207
01:06:25,480 --> 01:06:28,200
Speaker 2: you are vacating a jointly owned property due to divorce

1208
01:06:28,280 --> 01:06:32,200
Speaker 2: or something like that, you can use FAHA again. If

1209
01:06:32,240 --> 01:06:35,760
Speaker 2: you are non occupying co borrower, mean that you bought

1210
01:06:35,800 --> 01:06:38,520
Speaker 2: a home for an aging parent or something like that,

1211
01:06:38,720 --> 01:06:44,760
Speaker 2: and guess what you can use FAHA again. Okay, So

1212
01:06:44,960 --> 01:06:48,600
Speaker 2: these are some of the strategies within the guidelines that

1213
01:06:48,680 --> 01:06:54,480
Speaker 2: allow you to use FAHA another time. All right, So

1214
01:06:54,560 --> 01:06:58,760
Speaker 2: you are not stuck unless you choose to be all right. So,

1215
01:06:59,160 --> 01:07:01,760
Speaker 2: FAHA will not sure more than one property as a

1216
01:07:01,760 --> 01:07:04,920
Speaker 2: principal residence for a borrower, except as noted below. FAHA

1217
01:07:04,960 --> 01:07:06,760
Speaker 2: will not ensure a mortgage if it is determined that

1218
01:07:06,800 --> 01:07:10,520
Speaker 2: the transaction were designed to use FAHA mortgage insurance as

1219
01:07:10,560 --> 01:07:14,120
Speaker 2: a vehicle for obtaining investment properties. Even if the property

1220
01:07:14,120 --> 01:07:17,920
Speaker 2: to be insured will be only one owned using FAHA

1221
01:07:18,040 --> 01:07:20,800
Speaker 2: mortgage insurance, the property must be owner occupied for at

1222
01:07:20,840 --> 01:07:23,920
Speaker 2: least a year. So when you were talking to a lender, family,

1223
01:07:25,200 --> 01:07:30,240
Speaker 2: never ever, ever, ever, ever, ever ever use the word

1224
01:07:30,840 --> 01:07:37,720
Speaker 2: investor or investment. Never use the word investment property when

1225
01:07:37,720 --> 01:07:42,920
Speaker 2: you were trying to get an FAHA mortgage. Don't use it, Okay,

1226
01:07:44,040 --> 01:07:48,240
Speaker 2: don't use it, all right. So that is strategy one.

1227
01:07:49,280 --> 01:07:53,440
Speaker 2: Strategy two is NAKA And yes, you see that correctly.

1228
01:07:54,080 --> 01:07:59,400
Speaker 2: Naka is zero percent down zero as in zero. It

1229
01:07:59,440 --> 01:08:02,080
Speaker 2: don't really get lower than that. People like Julian, Can

1230
01:08:02,120 --> 01:08:04,240
Speaker 2: I get a house for free somewhere? No, there's no

1231
01:08:04,320 --> 01:08:06,680
Speaker 2: free houses but zero percent down is as closed as

1232
01:08:06,720 --> 01:08:10,400
Speaker 2: you can get. There's still closing costs, but zero percent

1233
01:08:10,440 --> 01:08:13,080
Speaker 2: down is as closed as it gets to free. Okay,

1234
01:08:13,480 --> 01:08:16,080
Speaker 2: and Naka is for first time home buyers only. It's

1235
01:08:16,160 --> 01:08:18,839
Speaker 2: not for investors who are trying to get a second property.

1236
01:08:18,920 --> 01:08:23,960
Speaker 2: Okay and so Naka has no down payment, no closing costs,

1237
01:08:23,960 --> 01:08:24,320
Speaker 2: no point.

1238
01:08:25,520 --> 01:08:27,719
Speaker 4: This episode is brought to you by P and C Bank.

1239
01:08:28,160 --> 01:08:30,920
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1240
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1241
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1242
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1250
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1251
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1252
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1253
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1254
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1255
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1257
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1258
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1259
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1260
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1262
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1263
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1264
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1265
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1266
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1270
01:10:16,160 --> 01:10:20,080
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01:10:49,720 --> 01:10:51,960
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1280
01:10:52,040 --> 01:10:55,240
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1281
01:10:55,360 --> 01:11:01,080
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1282
01:11:01,160 --> 01:11:05,920
Speaker 1: to indeed dot com slash pod Katz thirteen right now

1283
01:11:06,240 --> 01:11:08,839
Speaker 1: and support our show by saying you heard about Indeed

1284
01:11:08,840 --> 01:11:13,200
Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is

1285
01:11:13,240 --> 01:11:13,920
Speaker 1: all you need.

1286
01:11:14,640 --> 01:11:18,839
Speaker 2: Fees, no credit score consideration whatsoever. See your intellectual property.

1287
01:11:18,840 --> 01:11:20,800
Speaker 2: What you know is the reason why you don't have

1288
01:11:20,840 --> 01:11:24,920
Speaker 2: physical property. Your intellectual property can get you physical property,

1289
01:11:24,960 --> 01:11:26,720
Speaker 2: but many of you just don't know enough. This is

1290
01:11:26,720 --> 01:11:30,000
Speaker 2: why you're here right now, Okay, And so NAKA is

1291
01:11:30,040 --> 01:11:34,040
Speaker 2: a very powerful program. No down payment, no closing costs,

1292
01:11:34,040 --> 01:11:37,120
Speaker 2: no points or fees, right, and no credit score consideration.

1293
01:11:38,680 --> 01:11:41,880
Speaker 2: All right. Marlee said, I paid nine thousand dollars in

1294
01:11:41,920 --> 01:11:44,519
Speaker 2: closing costs with NACA, but Marlese did that because she

1295
01:11:44,600 --> 01:11:46,679
Speaker 2: was buying down her interest rate. She didn't have to

1296
01:11:46,720 --> 01:11:49,280
Speaker 2: buy down her interest rate. She could accepted the standard

1297
01:11:49,360 --> 01:11:51,120
Speaker 2: interest rate that they had, but she decided to buy

1298
01:11:51,120 --> 01:11:52,720
Speaker 2: it down, and so she has a one point three

1299
01:11:52,760 --> 01:11:55,719
Speaker 2: seventy five interest rate, which is basically free money. Okay.

1300
01:11:56,280 --> 01:12:02,960
Speaker 2: So the website is in ACA dot com, in ACA

1301
01:12:03,560 --> 01:12:08,040
Speaker 2: dot com, Okay, in ACA dot com. So your excuse

1302
01:12:08,080 --> 01:12:10,160
Speaker 2: if I can't afford it, I've literally wiped that clean.

1303
01:12:10,400 --> 01:12:12,559
Speaker 2: I never want to hear that from you again. I've

1304
01:12:12,600 --> 01:12:16,000
Speaker 2: literally given you a zero percent down program. You want

1305
01:12:16,000 --> 01:12:18,200
Speaker 2: somebody to pay you to buy a property? What do

1306
01:12:18,240 --> 01:12:20,240
Speaker 2: you want from there? What else can I give you

1307
01:12:20,280 --> 01:12:24,080
Speaker 2: besides that? Okay? So if you want to see what

1308
01:12:24,120 --> 01:12:27,720
Speaker 2: this looks like, you want to see what this looks like.

1309
01:12:27,960 --> 01:12:30,479
Speaker 2: This is Gloria. Gloria said, I close on my first

1310
01:12:30,520 --> 01:12:33,719
Speaker 2: triplex July first and Philadelphia through NAKA. I was approved

1311
01:12:33,720 --> 01:12:35,639
Speaker 2: for four to eighty with one point five percent interest,

1312
01:12:35,800 --> 01:12:39,599
Speaker 2: asking price five twenty, offered five ten cellar, pay two

1313
01:12:39,600 --> 01:12:41,760
Speaker 2: percent closing costs for me to close on the home,

1314
01:12:41,960 --> 01:12:44,639
Speaker 2: and I walked away only paying title fees. I'm still

1315
01:12:44,640 --> 01:12:47,360
Speaker 2: in disbelief. So if you don't believe this is possible,

1316
01:12:47,400 --> 01:12:50,160
Speaker 2: this is Gloria. She did it. Y'all know how much

1317
01:12:50,160 --> 01:12:53,920
Speaker 2: title fees are. You'll know how much title fees are

1318
01:12:53,920 --> 01:12:57,920
Speaker 2: our family. She bought a triplex in Philadelphia for title fees.

1319
01:12:58,080 --> 01:13:00,519
Speaker 2: Title fees are the equivalent to a pair of jordan Yep,

1320
01:13:00,560 --> 01:13:03,639
Speaker 2: Jamila got it right. Rashida got it right. Title fees

1321
01:13:03,680 --> 01:13:05,599
Speaker 2: are the equivalent to a pair of Jordan's. She bought

1322
01:13:05,600 --> 01:13:09,000
Speaker 2: a triplex for a pair of Jordan's. Family. Title fees

1323
01:13:09,000 --> 01:13:10,960
Speaker 2: are the equivalent of a round trip flight from New

1324
01:13:11,040 --> 01:13:13,720
Speaker 2: York to Los Angeles and back. That's all title fees are.

1325
01:13:15,160 --> 01:13:17,400
Speaker 2: And she got a triplex. So some of y'all out

1326
01:13:17,400 --> 01:13:18,880
Speaker 2: here talking about all Ie got the money, I'm them

1327
01:13:18,880 --> 01:13:21,760
Speaker 2: in paycheck to paycheck. Stop lying, because if I looked

1328
01:13:21,760 --> 01:13:23,800
Speaker 2: at your bank statement over the past ninety days, I

1329
01:13:23,800 --> 01:13:27,559
Speaker 2: could find four hundred dollars wasted. Some of y'all blew

1330
01:13:27,560 --> 01:13:32,040
Speaker 2: two hundred dollars on dinner this past weekend. Some of

1331
01:13:32,120 --> 01:13:36,320
Speaker 2: y'all blew two hundred dollars in Target yesterday. Some of

1332
01:13:36,360 --> 01:13:39,759
Speaker 2: y'all got shoes and clothes in your closet with tags

1333
01:13:39,760 --> 01:13:41,519
Speaker 2: on them. That you ain't even worn. That's over two

1334
01:13:41,600 --> 01:13:48,800
Speaker 2: hundred dollars. Now, listen to me. Some of y'all got

1335
01:13:48,800 --> 01:13:54,080
Speaker 2: designer clothes with other families names on them, hanging up

1336
01:13:54,080 --> 01:13:57,320
Speaker 2: in a closet that's owned by another family while your

1337
01:13:57,320 --> 01:14:04,880
Speaker 2: family is struggling. You got designer clothes with some Italian

1338
01:14:04,960 --> 01:14:08,040
Speaker 2: family's name on it, hanging up in a closet of

1339
01:14:08,080 --> 01:14:16,679
Speaker 2: another family. While your family is struggling. You are living

1340
01:14:16,720 --> 01:14:20,200
Speaker 2: paycheck to paycheck. You lying. You're not living paycheck to paycheck.

1341
01:14:20,240 --> 01:14:24,560
Speaker 2: You are lying. You were making bad choices. Your priorities

1342
01:14:24,600 --> 01:14:28,800
Speaker 2: are not in order. That's what's really going on. So

1343
01:14:28,840 --> 01:14:31,599
Speaker 2: when you're ready to stop living to lie and talking

1344
01:14:31,800 --> 01:14:34,080
Speaker 2: is to start talking about the truth, telling the truth

1345
01:14:34,120 --> 01:14:36,360
Speaker 2: about your situation, then we can talk. But as long

1346
01:14:36,400 --> 01:14:38,320
Speaker 2: as you want to stay in your illusion, I can't

1347
01:14:38,320 --> 01:14:43,280
Speaker 2: help you. As long as you want to stay in

1348
01:14:43,320 --> 01:14:46,320
Speaker 2: your illusion that you broke and you ain't got no money,

1349
01:14:46,439 --> 01:14:49,320
Speaker 2: I can't help you. I need you to have an

1350
01:14:49,320 --> 01:14:53,479
Speaker 2: abundance mindset. You know, I drove a two thousand Honda

1351
01:14:53,520 --> 01:14:57,439
Speaker 2: accord until two thousand and eighteen. I drove a two

1352
01:14:57,520 --> 01:15:06,120
Speaker 2: thousand Honda accord until two thousand eighteen. Okay, this was

1353
01:15:06,160 --> 01:15:09,080
Speaker 2: the sacrifice I was willing to make to build my portfolio.

1354
01:15:09,160 --> 01:15:11,599
Speaker 2: Some of y'all are just not ready. Some of y'all

1355
01:15:11,600 --> 01:15:15,040
Speaker 2: got nicer cars than me right now. Some of y'all

1356
01:15:15,040 --> 01:15:19,679
Speaker 2: got nicer clothes than me right now. But you don't

1357
01:15:19,680 --> 01:15:23,800
Speaker 2: own anything. Some of y'all all, y'all own is some clothes, electronics,

1358
01:15:23,800 --> 01:15:26,000
Speaker 2: and some furniture. If I look at your balance sheet,

1359
01:15:26,080 --> 01:15:31,720
Speaker 2: all you own is some clothes, some electronics, and some furniture.

1360
01:15:33,320 --> 01:15:35,720
Speaker 2: If you die today, there would be nothing to pass on.

1361
01:15:35,800 --> 01:15:38,519
Speaker 2: People don't want your clothes. People don't want your furniture,

1362
01:15:39,760 --> 01:15:44,160
Speaker 2: people don't want your electronics. If you're trying to create

1363
01:15:44,200 --> 01:15:47,679
Speaker 2: regenerational wealth, then you need to buy assets that will

1364
01:15:47,720 --> 01:15:53,000
Speaker 2: be handed out from generation to generation to generation. Said you,

1365
01:15:53,360 --> 01:15:55,719
Speaker 2: No more buying red bottoms when your bank account is bleeding,

1366
01:15:58,439 --> 01:16:00,920
Speaker 2: No more buying coach bags when you need a life coach.

1367
01:16:09,360 --> 01:16:14,360
Speaker 2: All right, yeah, straight, No, Chaser, I'm just calling you

1368
01:16:14,400 --> 01:16:16,880
Speaker 2: on your BS. I'm calling you on your BS. We

1369
01:16:16,880 --> 01:16:18,600
Speaker 2: don't have time to play around if we're trying to

1370
01:16:18,600 --> 01:16:21,479
Speaker 2: close the wealth gap. This is tough love. I hope

1371
01:16:21,479 --> 01:16:23,320
Speaker 2: you can tell that I'm coming from a place of love.

1372
01:16:23,520 --> 01:16:25,760
Speaker 2: This is tough love. I'm not trying to put you down.

1373
01:16:25,760 --> 01:16:28,160
Speaker 2: I'm trying to light a fire under your assets. What

1374
01:16:28,200 --> 01:16:31,120
Speaker 2: does it say this has assets over liabilities. I'm trying

1375
01:16:31,120 --> 01:16:35,760
Speaker 2: to light a fire under your assets. And I don't

1376
01:16:35,760 --> 01:16:40,240
Speaker 2: know why anybody else hasn't done this before. Okay, because

1377
01:16:40,240 --> 01:16:41,840
Speaker 2: this is just how I talk. If you're not ready

1378
01:16:41,840 --> 01:16:47,040
Speaker 2: for it, if you're sensitive, then I'm sorry. Okay. So

1379
01:16:47,560 --> 01:16:51,040
Speaker 2: not only did Gloria do this, The first family that

1380
01:16:51,080 --> 01:16:53,040
Speaker 2: I helped close on a multi family home was a

1381
01:16:53,120 --> 01:16:54,920
Speaker 2: royal family and they closed on a four plex in

1382
01:16:54,960 --> 01:16:58,559
Speaker 2: Los Angeles. Right, four plex in Los Angeles using knack up,

1383
01:16:58,680 --> 01:17:05,439
Speaker 2: all right, So that's number two. Number three is matt

1384
01:17:05,479 --> 01:17:08,560
Speaker 2: and other favorite strategy, which is the FAKA two O

1385
01:17:08,640 --> 01:17:12,559
Speaker 2: three K, the FAHA two O three K. And this

1386
01:17:12,640 --> 01:17:16,519
Speaker 2: is so powerful because it allows you to buy a

1387
01:17:16,560 --> 01:17:20,479
Speaker 2: property to rehab and get finance for the renovation. So

1388
01:17:20,560 --> 01:17:23,000
Speaker 2: let's say you find an eighty thousand dollars property and

1389
01:17:23,040 --> 01:17:25,679
Speaker 2: it needs a sixty thousand dollars rehab. That's one hundred

1390
01:17:25,720 --> 01:17:30,080
Speaker 2: and forty thousand dollars. FAHA two O three K will

1391
01:17:30,240 --> 01:17:32,280
Speaker 2: only charge you three and a half percent down on

1392
01:17:32,439 --> 01:17:35,720
Speaker 2: the one hundred and forty thousand dollars, which is only

1393
01:17:35,760 --> 01:17:38,599
Speaker 2: four thousand, nine hundred dollars, and then they will finance

1394
01:17:38,640 --> 01:17:41,680
Speaker 2: you for the other one hundred and thirty five thousand dollars,

1395
01:17:42,600 --> 01:17:45,559
Speaker 2: and you will get a consultant to help you with

1396
01:17:45,680 --> 01:17:48,519
Speaker 2: the rehab to make sure that it's done properly. So

1397
01:17:48,560 --> 01:17:51,519
Speaker 2: this is the FAHA two O three K where you

1398
01:17:51,560 --> 01:17:55,200
Speaker 2: can get into a rehab property and build it out

1399
01:17:55,240 --> 01:17:57,680
Speaker 2: the way that you desire and get finance for the renovation.

1400
01:17:58,240 --> 01:18:02,839
Speaker 2: And what's beautiful about this is that if done properly,

1401
01:18:02,960 --> 01:18:05,880
Speaker 2: if the rehab is done properly, that property won't just

1402
01:18:05,880 --> 01:18:08,200
Speaker 2: be worth one hundred and forty thousand dollars, it will

1403
01:18:08,200 --> 01:18:10,960
Speaker 2: actually your praise at one hundred and seventy thousand dollars,

1404
01:18:11,080 --> 01:18:14,960
Speaker 2: meaning that you now also have thirty thousand dollars in equity.

1405
01:18:15,920 --> 01:18:18,400
Speaker 2: This is the FAHA two oh three K. Matt and

1406
01:18:18,400 --> 01:18:27,519
Speaker 2: I love this particular loan product, okay. Right next is

1407
01:18:27,680 --> 01:18:30,680
Speaker 2: the Home Possible loan for first time home buyers, and

1408
01:18:30,720 --> 01:18:33,960
Speaker 2: it is very similar to the FAH loan, Okay, but

1409
01:18:34,720 --> 01:18:37,960
Speaker 2: with Home Possible, you need a little bit higher credit score, right,

1410
01:18:38,479 --> 01:18:42,639
Speaker 2: and you can cancel your private mortgage insurance also known

1411
01:18:42,680 --> 01:18:46,719
Speaker 2: as PMI. You can cancel it once the property reaches

1412
01:18:46,720 --> 01:18:50,360
Speaker 2: an eighty percent loan to value ratio. You cannot cancel

1413
01:18:50,400 --> 01:18:52,840
Speaker 2: it with the fah loan anymore. And you used to

1414
01:18:52,880 --> 01:18:55,000
Speaker 2: come off after five years. It no longer comes off

1415
01:18:55,040 --> 01:18:58,559
Speaker 2: after five years automatically. So this is the benefit of

1416
01:18:58,600 --> 01:19:02,120
Speaker 2: the Home Possible loan. Okay, But minimum down payment is

1417
01:19:02,160 --> 01:19:05,400
Speaker 2: three percent. Your credit score minimum must be sixty sixty.

1418
01:19:05,560 --> 01:19:09,439
Speaker 2: You can cancel PMI. Sellar assistance can be up to

1419
01:19:09,479 --> 01:19:13,200
Speaker 2: three percent. The loan limits varied by market, and the

1420
01:19:13,240 --> 01:19:16,240
Speaker 2: borrow income limits varies by market. So this is the

1421
01:19:16,520 --> 01:19:20,599
Speaker 2: home Possible loan. Yes, it's very similar to a conventional loan, okay,

1422
01:19:21,479 --> 01:19:26,040
Speaker 2: very similar. So what is PMI. PMI is private mortgage insurance.

1423
01:19:26,040 --> 01:19:28,120
Speaker 2: So there's literally just money that's set aside to protect

1424
01:19:28,120 --> 01:19:30,680
Speaker 2: the banks. Now why the banks need protection, I don't know.

1425
01:19:30,840 --> 01:19:32,600
Speaker 2: The banks are the ones who got bailed out for

1426
01:19:32,640 --> 01:19:35,040
Speaker 2: their poor decisions, right, so it's not the banks that

1427
01:19:35,080 --> 01:19:37,479
Speaker 2: need to protection. It's the consumers that need protection. But

1428
01:19:38,960 --> 01:19:41,360
Speaker 2: the government has set up PMI to protect the banks

1429
01:19:41,400 --> 01:19:45,360
Speaker 2: to prevent the market from crashing again. So basically PMI

1430
01:19:45,760 --> 01:19:48,160
Speaker 2: what they'll do is you'll get a percentage based on

1431
01:19:48,200 --> 01:19:50,840
Speaker 2: your credit profile. And if you have a mortgage of

1432
01:19:50,880 --> 01:19:53,679
Speaker 2: five hundred thousand dollars, let's say your PMI is one percent,

1433
01:19:54,160 --> 01:19:56,759
Speaker 2: so that's basically they'll take us. They'll take one percent

1434
01:19:56,800 --> 01:19:59,559
Speaker 2: a year, which is five thousand dollars, right, and then

1435
01:19:59,680 --> 01:20:03,479
Speaker 2: divide that by twelve months, and your PMI would be

1436
01:20:03,479 --> 01:20:06,320
Speaker 2: literally four hundred and sixteen dollars every single month going

1437
01:20:06,320 --> 01:20:09,519
Speaker 2: to the banks to protect them. It's not going against

1438
01:20:09,520 --> 01:20:12,240
Speaker 2: your principle or anything like that. It's literally going to

1439
01:20:12,280 --> 01:20:16,760
Speaker 2: protect the banks. So if we can avoid PMI, we're

1440
01:20:16,800 --> 01:20:20,080
Speaker 2: happy to do so, right, We would love that, But

1441
01:20:20,400 --> 01:20:23,559
Speaker 2: this is literally a mechanism set up to protect the banks,

1442
01:20:23,600 --> 01:20:27,080
Speaker 2: and it's predatory on all consumers who are buying property.

1443
01:20:27,439 --> 01:20:29,439
Speaker 2: But it's just part of the game, and you have

1444
01:20:29,479 --> 01:20:32,240
Speaker 2: to find a deal that's great enough to make sure

1445
01:20:32,280 --> 01:20:36,880
Speaker 2: that it accounts for private mortgage insurance. All right, cool?

1446
01:20:37,960 --> 01:20:41,360
Speaker 2: Next up Strategy five is VA loan. Okay, this is

1447
01:20:41,360 --> 01:20:43,720
Speaker 2: for all the veterans that are out there. Yes you

1448
01:20:43,760 --> 01:20:46,400
Speaker 2: can use your VA loan for multifami real estate, and

1449
01:20:46,560 --> 01:20:50,400
Speaker 2: yes you can use your VA loan multiple times. VA

1450
01:20:50,479 --> 01:20:52,719
Speaker 2: loan is one of the best mortgages in the entire country.

1451
01:20:52,760 --> 01:20:57,679
Speaker 2: It's only zero percent down, zero percent down, okay, So

1452
01:20:57,880 --> 01:21:00,800
Speaker 2: this is why I love the VA loan. So all

1453
01:21:00,800 --> 01:21:03,639
Speaker 2: my vests out there, thank you for your service. Your

1454
01:21:03,680 --> 01:21:07,320
Speaker 2: eligibility is that you serve ninety days consecutive during the

1455
01:21:07,360 --> 01:21:11,519
Speaker 2: wartime on eighty one days of service during peacetime, you

1456
01:21:11,520 --> 01:21:13,360
Speaker 2: have more than six years of service in the National

1457
01:21:13,360 --> 01:21:17,839
Speaker 2: Guard Reserve, or you are the spouse of that particular person. Okay.

1458
01:21:18,040 --> 01:21:23,439
Speaker 2: If you fit those requirements, it's zero percent down, no PMI. Right.

1459
01:21:24,640 --> 01:21:27,240
Speaker 2: For those who sacrifice their life for this country, the

1460
01:21:27,240 --> 01:21:30,600
Speaker 2: government has set up this particular loan product to support

1461
01:21:31,120 --> 01:21:34,679
Speaker 2: them and owning a piece of this country. So that

1462
01:21:34,840 --> 01:21:37,599
Speaker 2: is for the VA loan right. So of course not

1463
01:21:37,600 --> 01:21:40,479
Speaker 2: everybody's eligible for that, but that is a powerful tool

1464
01:21:40,720 --> 01:21:45,880
Speaker 2: if you are a veteran. Okay. Strategy six is conventional

1465
01:21:45,960 --> 01:21:48,680
Speaker 2: five percent primary, meaning that this is going to be

1466
01:21:48,760 --> 01:21:52,240
Speaker 2: your primary residence. Okay. So what that looks like is

1467
01:21:53,080 --> 01:21:55,439
Speaker 2: you are putting on a three hundred thousand dollar property.

1468
01:21:55,439 --> 01:21:57,719
Speaker 2: You put five percent down, which is fifteen thousand dollars.

1469
01:21:57,960 --> 01:22:00,400
Speaker 2: Now you're only getting rent from one unit, so instead

1470
01:22:00,400 --> 01:22:03,000
Speaker 2: of thirty two hundred dollars a rent. You're getting sixteen hundred.

1471
01:22:03,120 --> 01:22:05,800
Speaker 2: The mortgage is twelve fifty nine, the taxes insurance are

1472
01:22:05,800 --> 01:22:08,040
Speaker 2: three thirty five. The capex of payers of a vacancy

1473
01:22:08,080 --> 01:22:12,320
Speaker 2: rate is five fifteen. Your rent, excuse me, your rent.

1474
01:22:12,920 --> 01:22:19,639
Speaker 2: Your former rent was twelve hundred. So the property right

1475
01:22:19,760 --> 01:22:22,960
Speaker 2: cash flows at negative five to ten. So that negative

1476
01:22:23,040 --> 01:22:26,680
Speaker 2: five to ten is actually less five hundred and ten

1477
01:22:26,720 --> 01:22:29,040
Speaker 2: dollars going out of your pocket to own this duplex

1478
01:22:29,120 --> 01:22:31,360
Speaker 2: is less than what you were paying in rent of

1479
01:22:31,360 --> 01:22:34,599
Speaker 2: twelve hundred dollars. Okay, so the cash flow is negative

1480
01:22:34,720 --> 01:22:37,360
Speaker 2: because it's a duplex and you're losing five hundred and

1481
01:22:37,400 --> 01:22:39,880
Speaker 2: ten dollars a month. But you're losing five hundred ten

1482
01:22:39,960 --> 01:22:43,639
Speaker 2: dollars a month while also controlling this duplex, whereas right

1483
01:22:43,680 --> 01:22:47,639
Speaker 2: now you're losing twelve hundred dollars a month to rent

1484
01:22:47,920 --> 01:22:49,920
Speaker 2: and you own nothing and have nothing to show for it.

1485
01:22:50,439 --> 01:22:53,720
Speaker 2: So your actual cash flow when you subtract the five

1486
01:22:53,840 --> 01:22:56,280
Speaker 2: hundred and ten from the twelve hundred dollars is actually

1487
01:22:56,400 --> 01:23:00,400
Speaker 2: six eighty nine and six eighty nine times twelve divided

1488
01:23:00,400 --> 01:23:03,240
Speaker 2: by your initial investment is actually a fifty five percent

1489
01:23:03,320 --> 01:23:07,479
Speaker 2: cash on cash re term so this is five percent

1490
01:23:08,240 --> 01:23:13,080
Speaker 2: down owner occupied multi family, all right. Now, you will

1491
01:23:13,120 --> 01:23:16,479
Speaker 2: have PMI until you reach eighty percent loan to value,

1492
01:23:16,680 --> 01:23:20,720
Speaker 2: right when you use conventional. Okay. The next is conventional

1493
01:23:20,920 --> 01:23:23,720
Speaker 2: twenty to twenty five percent down. Right. This is for

1494
01:23:23,760 --> 01:23:26,799
Speaker 2: an investment property, meaning that you are not occupying the property.

1495
01:23:27,160 --> 01:23:29,920
Speaker 2: So same property, but look at the numbers. It's different.

1496
01:23:30,120 --> 01:23:32,559
Speaker 2: Three hundred thousand dollars twenty five percent down is seventy

1497
01:23:32,560 --> 01:23:34,960
Speaker 2: five thousand dollars. The rents are thirty two hundred dollars

1498
01:23:34,960 --> 01:23:38,400
Speaker 2: because you're not living there. Mortgage taxes and insurance capature

1499
01:23:38,400 --> 01:23:40,719
Speaker 2: payers of a vacancy rate are the same. The cash

1500
01:23:40,800 --> 01:23:43,360
Speaker 2: load is one thousand nine dollars every single month. This

1501
01:23:43,400 --> 01:23:48,000
Speaker 2: is my actual property right one thou eighty nine dollars

1502
01:23:48,160 --> 01:23:51,120
Speaker 2: times twelve divided by the initial investment of seventy five

1503
01:23:51,120 --> 01:23:54,280
Speaker 2: thousand dollars plus some closing costs is about a seventeen

1504
01:23:54,320 --> 01:23:58,240
Speaker 2: percent cash on cash return. Okay. So this is what

1505
01:23:58,320 --> 01:24:01,960
Speaker 2: twenty five percent owner occupied looks like. Now, non owner occupied,

1506
01:24:02,040 --> 01:24:06,479
Speaker 2: excuse me. Twenty five percent down investment excuse me. And

1507
01:24:08,760 --> 01:24:11,839
Speaker 2: of course there's no PMI once you have twenty percent

1508
01:24:13,120 --> 01:24:19,559
Speaker 2: equity in the property. All right, all right, so finally,

1509
01:24:20,640 --> 01:24:22,840
Speaker 2: actually two more, I got some bonus ones for you.

1510
01:24:23,320 --> 01:24:27,599
Speaker 2: Bonus one is the Burd strategy. This is strategy number eight. Okay,

1511
01:24:27,840 --> 01:24:30,920
Speaker 2: we promise you six, we're gonna give you nine. We

1512
01:24:31,080 --> 01:24:33,840
Speaker 2: promise you six, but we're gonna give you nine. And

1513
01:24:33,880 --> 01:24:37,080
Speaker 2: that is a hard money, hard money used for the

1514
01:24:37,080 --> 01:24:39,519
Speaker 2: BURD strategy, which is going to be ten percent down

1515
01:24:39,800 --> 01:24:43,400
Speaker 2: with experience, in twenty to thirty percent down with no experience.

1516
01:24:43,600 --> 01:24:47,400
Speaker 2: So if you've never done any kind of construction or whatnot,

1517
01:24:47,600 --> 01:24:50,160
Speaker 2: there's going to be a higher down payment for the

1518
01:24:50,160 --> 01:24:53,160
Speaker 2: bur strategy. Okay, so what is the birth strategy. The

1519
01:24:53,200 --> 01:24:56,160
Speaker 2: Burd strategy is to buy something that's you're going to

1520
01:24:56,200 --> 01:24:59,960
Speaker 2: rehab renovate it, rented out, then refinance and get your

1521
01:25:00,000 --> 01:25:02,559
Speaker 2: money out of the deal, and then repeat the process. Okay,

1522
01:25:02,880 --> 01:25:05,400
Speaker 2: so let me walk you. Let me walk you through this.

1523
01:25:06,280 --> 01:25:09,160
Speaker 2: So we buy something at eighty thousand dollars right with

1524
01:25:09,240 --> 01:25:13,240
Speaker 2: a sixty thousand dollars renovation budget. Right, we have to

1525
01:25:13,280 --> 01:25:16,200
Speaker 2: put down ten percent of that, which we if we're experienced,

1526
01:25:16,240 --> 01:25:19,120
Speaker 2: ten percent will be fourteen thousand dollars to get this

1527
01:25:19,280 --> 01:25:23,880
Speaker 2: hard money loan. Okay, so we get the loan, we

1528
01:25:24,000 --> 01:25:26,639
Speaker 2: finished the construction, and then we start renting this property

1529
01:25:26,640 --> 01:25:28,240
Speaker 2: out at two thousand dollars per month. It's a due

1530
01:25:28,240 --> 01:25:31,200
Speaker 2: pleats one thousand dollars per unit. Okay, Once we have

1531
01:25:31,720 --> 01:25:34,840
Speaker 2: leases and show that the property is being rented, then

1532
01:25:34,840 --> 01:25:36,559
Speaker 2: we can go back to the bank and we can

1533
01:25:36,560 --> 01:25:42,519
Speaker 2: get refinance for two hundred thousand dollars right at seventy

1534
01:25:42,520 --> 01:25:45,600
Speaker 2: percent loan to value. So we'll get refinanced for one

1535
01:25:45,680 --> 01:25:48,080
Speaker 2: hundred and forty thousand dollars. Wait, one hundred and forty

1536
01:25:48,080 --> 01:25:50,200
Speaker 2: thousand dollars, that's how much we put in, so we

1537
01:25:50,240 --> 01:25:53,240
Speaker 2: actually get all of our money out of the deal. Right,

1538
01:25:53,640 --> 01:25:56,080
Speaker 2: but guess what the property is worth two hundred thousand

1539
01:25:56,120 --> 01:25:59,040
Speaker 2: dollars and we just refinanced at one forty so we

1540
01:25:59,080 --> 01:26:02,719
Speaker 2: now have sixty thousand dollars in equity with no money

1541
01:26:02,760 --> 01:26:06,960
Speaker 2: in the deal. On top of that, the property is

1542
01:26:07,000 --> 01:26:11,120
Speaker 2: still cash flowing. And then we go do it again.

1543
01:26:11,280 --> 01:26:13,320
Speaker 2: We get our money back out, and we go do

1544
01:26:13,400 --> 01:26:16,240
Speaker 2: it again. This is the repeat process. This is the

1545
01:26:16,240 --> 01:26:20,479
Speaker 2: burd strategy. Okay, but again it's ten percent down for

1546
01:26:20,600 --> 01:26:23,720
Speaker 2: the acquisition and construction. If you're experienced, and it's going

1547
01:26:23,800 --> 01:26:26,080
Speaker 2: to be twenty to thirty percent down for acquisition and

1548
01:26:26,120 --> 01:26:29,519
Speaker 2: construction if you are in experience. All right, so this

1549
01:26:29,600 --> 01:26:32,760
Speaker 2: is the burd strategy. It's a more advanced strategy. But yo,

1550
01:26:33,200 --> 01:26:35,519
Speaker 2: we know that you were here because you want the goods,

1551
01:26:35,520 --> 01:26:37,760
Speaker 2: and so we're giving you. We're spilling the tea. We

1552
01:26:37,880 --> 01:26:41,759
Speaker 2: spilling the tea. All right. Now, the final strategy, okay,

1553
01:26:42,400 --> 01:26:49,679
Speaker 2: to finance your next deal is actually raising money, raising capital. Okay,

1554
01:26:50,080 --> 01:26:51,880
Speaker 2: so you're like jeling, who am I going to raise

1555
01:26:51,880 --> 01:26:55,080
Speaker 2: capital from? Well, there's a lot of people you can

1556
01:26:55,240 --> 01:26:57,600
Speaker 2: raise capital from. When you understand how money works, and

1557
01:26:57,640 --> 01:27:00,360
Speaker 2: here's how it works. Do you know that cash is trashed? Y'all?

1558
01:27:01,400 --> 01:27:04,240
Speaker 2: Cash is actually the lowest building asset in the entire world.

1559
01:27:05,040 --> 01:27:08,160
Speaker 2: Cash is the lowest building asset in the entire world.

1560
01:27:08,320 --> 01:27:10,439
Speaker 2: You know, only your Bank of American same as account

1561
01:27:10,479 --> 01:27:13,840
Speaker 2: is on the yielding point zero one percent interest. So

1562
01:27:13,960 --> 01:27:17,040
Speaker 2: cash is actually trash. It is not backed by gold.

1563
01:27:17,200 --> 01:27:19,360
Speaker 2: You can't eat it, you can't drink it, it can't

1564
01:27:19,439 --> 01:27:22,719
Speaker 2: keep you warm. Okay. The only reason we value cash

1565
01:27:22,920 --> 01:27:25,719
Speaker 2: is because it is a liquid. It is liquid, meaning

1566
01:27:25,760 --> 01:27:29,360
Speaker 2: that we can transfer it into other assets easier. Okay,

1567
01:27:29,840 --> 01:27:32,120
Speaker 2: But we don't really value cash, And on top of that,

1568
01:27:32,120 --> 01:27:36,400
Speaker 2: there's inflation. Your cash sitting in your bank account literally

1569
01:27:36,479 --> 01:27:38,679
Speaker 2: lost six to ten percent of its value last year

1570
01:27:38,760 --> 01:27:42,360
Speaker 2: because they were printing so much of it. Right, So

1571
01:27:44,320 --> 01:27:47,400
Speaker 2: we if we know that cash is trash and that

1572
01:27:47,439 --> 01:27:50,520
Speaker 2: people are actually losing money and their money is spoiling

1573
01:27:50,960 --> 01:27:52,600
Speaker 2: when they leave it in a bank account, then what

1574
01:27:52,640 --> 01:27:57,400
Speaker 2: does that mean? Then what does that mean? That means

1575
01:27:57,920 --> 01:28:01,120
Speaker 2: that if you can actually present them with an opportunity

1576
01:28:01,120 --> 01:28:03,720
Speaker 2: that's going to yield a higher interest rates than what

1577
01:28:03,720 --> 01:28:06,720
Speaker 2: they're getting in their Bank of America account and not

1578
01:28:06,840 --> 01:28:09,439
Speaker 2: allow them to lose their money due to inflation, then

1579
01:28:09,479 --> 01:28:13,760
Speaker 2: guess what they will happily give you their money. If

1580
01:28:13,800 --> 01:28:16,840
Speaker 2: you can present an opportunity where they're going to get

1581
01:28:16,920 --> 01:28:20,880
Speaker 2: a twelve percent return versus them keeping their money and

1582
01:28:20,920 --> 01:28:24,280
Speaker 2: losing six to ten percent due to inflation, then guess

1583
01:28:24,360 --> 01:28:28,240
Speaker 2: what they will happily give you their money. All it

1584
01:28:28,280 --> 01:28:32,120
Speaker 2: is is understanding yields, okay, And so if you are

1585
01:28:32,200 --> 01:28:34,599
Speaker 2: able to go out and find a deal and run

1586
01:28:34,640 --> 01:28:37,240
Speaker 2: the numbers and get a twelve percent find a deal

1587
01:28:37,240 --> 01:28:39,840
Speaker 2: that's gonna yield a twelve percent return, then guess what

1588
01:28:40,800 --> 01:28:43,519
Speaker 2: there's gonna be many people lined up to hand you

1589
01:28:43,640 --> 01:28:48,960
Speaker 2: over their money, right, because guess what you are now

1590
01:28:49,240 --> 01:28:53,680
Speaker 2: the plug, you with the plug, and there's only so

1591
01:28:53,760 --> 01:28:56,680
Speaker 2: many outlets, and so the plug can only receive so

1592
01:28:56,760 --> 01:28:59,320
Speaker 2: much money for this deal. And so people are going

1593
01:28:59,400 --> 01:29:02,480
Speaker 2: to have to act if they believe in the analysis

1594
01:29:02,479 --> 01:29:05,040
Speaker 2: and the deal that you brought to the table. And

1595
01:29:05,080 --> 01:29:09,360
Speaker 2: so how this works is that you bring in the

1596
01:29:09,439 --> 01:29:14,400
Speaker 2: investors and you take a ten, twenty, or thirty percent

1597
01:29:14,439 --> 01:29:17,280
Speaker 2: stake in that deal. No money in by you, or

1598
01:29:17,320 --> 01:29:18,960
Speaker 2: you can put money in skin in the game to

1599
01:29:19,000 --> 01:29:21,080
Speaker 2: show them that you're serious as well, right, that you

1600
01:29:21,120 --> 01:29:24,080
Speaker 2: have some skinning the game. And this is how you run.

1601
01:29:24,080 --> 01:29:28,519
Speaker 2: Your next play is you actually raise money by becoming

1602
01:29:28,600 --> 01:29:31,360
Speaker 2: the plug, by finding deals. I told you money is

1603
01:29:31,360 --> 01:29:34,280
Speaker 2: not the issue people are looking. People are looking for

1604
01:29:34,360 --> 01:29:36,840
Speaker 2: ways to give away their money every single day. Some

1605
01:29:36,880 --> 01:29:39,599
Speaker 2: of y'all got an Amazon tab open on your computer

1606
01:29:39,800 --> 01:29:42,519
Speaker 2: right now. People are actively looking for ways to get

1607
01:29:42,600 --> 01:29:45,720
Speaker 2: rid of money every single day because people don't value money.

1608
01:29:45,760 --> 01:29:47,920
Speaker 2: We don't value money. If we value money, we would

1609
01:29:47,920 --> 01:29:49,920
Speaker 2: have earned it and we would just store it off.

1610
01:29:49,240 --> 01:29:52,360
Speaker 2: We we just have rooms of money. But we don't

1611
01:29:52,400 --> 01:29:56,080
Speaker 2: want money. We actually want what we believe money can

1612
01:29:56,120 --> 01:29:58,400
Speaker 2: get us and if you can help somebody get more

1613
01:29:58,439 --> 01:30:01,559
Speaker 2: of what they want, then guess what it would happily

1614
01:30:01,600 --> 01:30:05,880
Speaker 2: give you their money. This requires a deep understanding of

1615
01:30:05,960 --> 01:30:09,599
Speaker 2: money and you standing in your power and knowledge of

1616
01:30:09,600 --> 01:30:12,479
Speaker 2: real estate. But if you can do that, then there's

1617
01:30:12,560 --> 01:30:17,800
Speaker 2: opportunity for you. Okay, So I want to just ask you,

1618
01:30:17,840 --> 01:30:20,040
Speaker 2: what would you think? What do you think would happen

1619
01:30:20,840 --> 01:30:24,000
Speaker 2: if you just bought one property every single year for

1620
01:30:24,040 --> 01:30:27,120
Speaker 2: the rest of your life. What do you think would

1621
01:30:27,200 --> 01:30:31,920
Speaker 2: happen if you just bought one single property every year

1622
01:30:32,200 --> 01:30:33,880
Speaker 2: for the rest of your life. I want to show

1623
01:30:33,880 --> 01:30:37,960
Speaker 2: you something, if you bought one duplex every single year.

1624
01:30:38,479 --> 01:30:41,840
Speaker 2: Let's take uh, let's take Jessica, Jessica Lindsay, Jessica, tell

1625
01:30:41,880 --> 01:30:43,720
Speaker 2: me how old you are? I know I shouldn't ask

1626
01:30:43,720 --> 01:30:46,000
Speaker 2: a lady's age, but you kind of is the kind

1627
01:30:46,000 --> 01:30:48,600
Speaker 2: of anonymous. How old are you, Jessica? Jessa? Hold on

1628
01:30:48,680 --> 01:30:52,200
Speaker 2: nobody else type real quick? Jessica's thirty four? And Jessica,

1629
01:30:52,240 --> 01:30:55,040
Speaker 2: when do you think? How long? How long did your

1630
01:30:55,040 --> 01:30:58,720
Speaker 2: grandma live? How long did your grandma live? How old?

1631
01:30:58,920 --> 01:31:02,559
Speaker 2: How old are your grandma? Jessica? Her grandma's ninety one

1632
01:31:02,600 --> 01:31:06,519
Speaker 2: years old. So watch this. So Jessica's thirty four, and

1633
01:31:06,760 --> 01:31:09,080
Speaker 2: let's say she lives as long as her grandma, and

1634
01:31:09,120 --> 01:31:11,759
Speaker 2: that means she bought That means she buys fifty seven

1635
01:31:11,800 --> 01:31:14,519
Speaker 2: rental properties over the remainder of her life. And if

1636
01:31:14,560 --> 01:31:17,960
Speaker 2: she buys duplexes, right, that's actually one hundred and fourteen

1637
01:31:18,000 --> 01:31:20,800
Speaker 2: doors and one hundred and fourteen doors cash flow and

1638
01:31:20,840 --> 01:31:23,759
Speaker 2: get three hundred dollars per door is thirty four thousand

1639
01:31:23,800 --> 01:31:26,720
Speaker 2: dollars per month in rents are four hundred and ten

1640
01:31:26,760 --> 01:31:31,160
Speaker 2: thousand dollars passively every single year that she's going to

1641
01:31:31,200 --> 01:31:35,160
Speaker 2: be able to pass on to the next generation. Now,

1642
01:31:35,240 --> 01:31:39,519
Speaker 2: let me get somebody. Let's say, okay, this is that's

1643
01:31:39,520 --> 01:31:41,960
Speaker 2: a long term game. Julian fifty seven years. Okay, let's

1644
01:31:41,960 --> 01:31:45,599
Speaker 2: just say Jessica did that until she was forty four. Right,

1645
01:31:45,960 --> 01:31:48,320
Speaker 2: Let's just say she did it for ten years, right,

1646
01:31:48,600 --> 01:31:53,000
Speaker 2: and she was buying triplexes instead, right, total doors would

1647
01:31:53,000 --> 01:31:55,880
Speaker 2: be thirty doors over ten years. I'm at thirty eight

1648
01:31:55,960 --> 01:31:59,439
Speaker 2: doors right in eight years. That's three hundred dollars per door,

1649
01:32:00,240 --> 01:32:02,960
Speaker 2: nine thousand dollars per month in positive cash flow, as

1650
01:32:03,000 --> 01:32:05,920
Speaker 2: one hundred and six figures per year, and passive income

1651
01:32:06,160 --> 01:32:07,760
Speaker 2: for the rest of her life and for the rest

1652
01:32:07,800 --> 01:32:10,280
Speaker 2: of her children's life if she just locked in and

1653
01:32:10,320 --> 01:32:16,120
Speaker 2: did this for ten years. Okay, this is the name

1654
01:32:16,160 --> 01:32:20,920
Speaker 2: of the game's to create passive income family. This is

1655
01:32:21,040 --> 01:32:22,840
Speaker 2: just yeah, this is just your passive income. You could

1656
01:32:22,840 --> 01:32:25,519
Speaker 2: still go out there and make active income if you

1657
01:32:25,560 --> 01:32:28,120
Speaker 2: want to, right, but this is just your passive income.

1658
01:32:28,720 --> 01:32:32,160
Speaker 2: So this is the name of the game, right, And

1659
01:32:32,160 --> 01:32:34,720
Speaker 2: this is what Matt and I would encourage you to do.

1660
01:32:35,000 --> 01:32:38,400
Speaker 2: Matt was having some issue and so sorry, he says,

1661
01:32:38,439 --> 01:32:41,000
Speaker 2: He's sorry he couldn't be here. But as I told you,

1662
01:32:41,280 --> 01:32:43,080
Speaker 2: we're in this together. That's my brother. I know what

1663
01:32:43,120 --> 01:32:45,160
Speaker 2: he knows. He knows what I know, right, and so

1664
01:32:45,439 --> 01:32:47,240
Speaker 2: I was able to bring it home for you all.

1665
01:32:47,400 --> 01:32:50,920
Speaker 2: So imagine if you would have played the long term

1666
01:32:50,920 --> 01:32:54,000
Speaker 2: game a long time ago, you'd be a lot further

1667
01:32:54,040 --> 01:32:59,120
Speaker 2: along today. So our encouragement is that you stop chasing

1668
01:32:59,160 --> 01:33:02,519
Speaker 2: get rich quick skin and instead you buy a multi

1669
01:33:02,520 --> 01:33:06,519
Speaker 2: family real estate. Right. This is not a get rich

1670
01:33:06,560 --> 01:33:10,559
Speaker 2: crits scheme. This is a get rich guaranteed system over time,

1671
01:33:11,000 --> 01:33:14,360
Speaker 2: and if you play the long term game, you can

1672
01:33:14,360 --> 01:33:17,640
Speaker 2: make sure that not only you but your family is

1673
01:33:17,720 --> 01:33:24,160
Speaker 2: wealthy forever, all right. So with that, I'm going to

1674
01:33:24,240 --> 01:33:26,760
Speaker 2: answer questions in just a second. Matt and I have

1675
01:33:26,800 --> 01:33:31,559
Speaker 2: a program called the four three two one Strategy where

1676
01:33:31,600 --> 01:33:34,320
Speaker 2: we not only teach you how to execute all of

1677
01:33:34,360 --> 01:33:38,160
Speaker 2: these ways of getting finance, but also how to analyze

1678
01:33:38,960 --> 01:33:41,920
Speaker 2: real estate deals, how to find real estate deals, and

1679
01:33:41,960 --> 01:33:44,840
Speaker 2: how to get those real estate deals to the closing table.

1680
01:33:45,360 --> 01:33:47,559
Speaker 2: And so I want to share that opportunity with you

1681
01:33:47,600 --> 01:33:49,559
Speaker 2: for those of you who want mentorship, for those of

1682
01:33:49,560 --> 01:33:52,360
Speaker 2: you who want to close on more properties in twenty

1683
01:33:52,400 --> 01:33:53,760
Speaker 2: twenty two, for some of you who's going to be

1684
01:33:53,800 --> 01:33:56,400
Speaker 2: your first property, for some of you you'll be closing

1685
01:33:56,479 --> 01:33:59,280
Speaker 2: on your third or fourth property. But if you are

1686
01:33:59,360 --> 01:34:01,840
Speaker 2: serious about building your real estate portfolio, Matt and I

1687
01:34:02,040 --> 01:34:04,640
Speaker 2: are trying to help three hundred people close and this

1688
01:34:04,800 --> 01:34:08,000
Speaker 2: year alone, and we want to invite you to be

1689
01:34:08,040 --> 01:34:12,000
Speaker 2: part of that. So, if you are open to it,

1690
01:34:12,760 --> 01:34:14,760
Speaker 2: do I have permission to share this opportunity with you?

1691
01:34:16,439 --> 01:34:21,880
Speaker 2: Do our permission to share this opportunity with you? Okay?

1692
01:34:21,960 --> 01:34:27,960
Speaker 2: Appreciate that. Appreciate that, all right? Cool? So as we

1693
01:34:28,040 --> 01:34:31,360
Speaker 2: share before, Matt and I have many people who we

1694
01:34:31,400 --> 01:34:34,760
Speaker 2: have helped close together. I've done the education process in

1695
01:34:34,840 --> 01:34:37,519
Speaker 2: terms of helping people learn how to find deals, how

1696
01:34:37,520 --> 01:34:40,840
Speaker 2: to analyze those deals right, and then how to build

1697
01:34:40,880 --> 01:34:43,200
Speaker 2: their real estate rolodex, how to identify the thirty six

1698
01:34:43,240 --> 01:34:45,320
Speaker 2: souns of gentrification, how to know what the twenty three

1699
01:34:45,400 --> 01:34:47,439
Speaker 2: numbers are that you need to evaluate a deal. And

1700
01:34:47,479 --> 01:34:49,760
Speaker 2: then Matt is the one who helps him get to

1701
01:34:49,960 --> 01:34:52,799
Speaker 2: the closing table with the financing part of the equation.

1702
01:34:53,040 --> 01:34:55,880
Speaker 2: All right, So the first hurdle that you have is money.

1703
01:34:55,880 --> 01:34:59,680
Speaker 2: Can I afford it? Right? And so Matt has a

1704
01:34:59,800 --> 01:35:03,800
Speaker 2: pro called the home Buyer's Blueprint, And in this program

1705
01:35:03,880 --> 01:35:06,280
Speaker 2: he teaches how to get financed with the best terms,

1706
01:35:06,280 --> 01:35:09,120
Speaker 2: whether it's your first, second, third, or fourth purchase, the

1707
01:35:09,280 --> 01:35:11,960
Speaker 2: keys to financing and getting your money out of deal

1708
01:35:12,040 --> 01:35:14,320
Speaker 2: so that you can keep on investing, and how to

1709
01:35:14,439 --> 01:35:17,160
Speaker 2: execute FAK two or three K loans so that you

1710
01:35:17,200 --> 01:35:20,960
Speaker 2: can step into equity in a newly renovated home. Okay.

1711
01:35:21,240 --> 01:35:27,360
Speaker 2: So that program by itself is normally one thousand dollars. Okay,

1712
01:35:27,400 --> 01:35:30,720
Speaker 2: This is what Sindrika and Sandy said. Sandy said, I

1713
01:35:30,800 --> 01:35:33,200
Speaker 2: now have three pre approval letters, one for five hundred,

1714
01:35:33,240 --> 01:35:35,600
Speaker 2: one for four hundred and fifteen. And this morning, I

1715
01:35:35,600 --> 01:35:38,479
Speaker 2: got a VA for seven hundred For the newbies in

1716
01:35:38,520 --> 01:35:40,960
Speaker 2: this group, do not skip steps. I will leverage these

1717
01:35:41,000 --> 01:35:42,599
Speaker 2: to get the best rate. And of course the VA

1718
01:35:42,640 --> 01:35:44,879
Speaker 2: loan is my first choice. So you see the variance

1719
01:35:44,960 --> 01:35:48,160
Speaker 2: in the pre approvals that Sandy got as low as

1720
01:35:48,200 --> 01:35:50,479
Speaker 2: four hundred and fifteen and as high as seven hundred.

1721
01:35:50,720 --> 01:35:51,960
Speaker 2: So then you have to know how to make those

1722
01:35:52,000 --> 01:35:55,920
Speaker 2: lenders to compete for your business. Right then, Sindrika said,

1723
01:35:55,960 --> 01:35:57,760
Speaker 2: a couple of lenders tried the Oki dok on me,

1724
01:35:57,760 --> 01:36:00,360
Speaker 2: specifically with leaving out prepaid costs, offering more money and

1725
01:36:00,960 --> 01:36:03,640
Speaker 2: lowering the rate but doubling all other fees. So the

1726
01:36:03,720 --> 01:36:06,320
Speaker 2: lowest interest rate does not mean the best terms on

1727
01:36:06,360 --> 01:36:08,200
Speaker 2: the loan. And you have to know that there are

1728
01:36:08,240 --> 01:36:10,880
Speaker 2: a lot of predatory lenders out here, right, But when

1729
01:36:10,920 --> 01:36:14,160
Speaker 2: you go to Matt or Brandy to get finance, right,

1730
01:36:14,400 --> 01:36:16,719
Speaker 2: then that will ensure that you are dealing with somebody

1731
01:36:16,720 --> 01:36:19,679
Speaker 2: who has ethics and is actually working on your behalf, right.

1732
01:36:20,080 --> 01:36:23,920
Speaker 2: So that's the home buyer's blueprint. The next obstacle is

1733
01:36:24,479 --> 01:36:27,479
Speaker 2: finding a market, right, and that's where my teaching comes

1734
01:36:27,479 --> 01:36:29,840
Speaker 2: in and finding the deals. So with the multi family

1735
01:36:29,840 --> 01:36:31,360
Speaker 2: master plan, I'll show you how to use the twenty

1736
01:36:31,360 --> 01:36:34,120
Speaker 2: three numbers to analyze real estate deals anywhere and make

1737
01:36:34,160 --> 01:36:37,040
Speaker 2: sure that you buy it right. This is a detailed analysis,

1738
01:36:37,040 --> 01:36:38,559
Speaker 2: and I'll walk you through that in just a second.

1739
01:36:38,800 --> 01:36:40,200
Speaker 2: Then I'm going to show you how to build your

1740
01:36:40,200 --> 01:36:43,439
Speaker 2: real estate rollerdecks of agents, lenders, and contractors to find

1741
01:36:43,439 --> 01:36:45,719
Speaker 2: off market deals. Then I'll show you how to identify

1742
01:36:45,720 --> 01:36:48,240
Speaker 2: the thirty three signs of gentrification so that your home

1743
01:36:48,520 --> 01:36:52,559
Speaker 2: has your homes have maximum appreciation potential. The multifamily master

1744
01:36:52,640 --> 01:36:55,840
Speaker 2: plan by itself typically costs twenty four hundred and ninety

1745
01:36:55,920 --> 01:36:59,960
Speaker 2: seven dollars. Now in each module, Module one is fine,

1746
01:37:00,000 --> 01:37:01,880
Speaker 2: finance it, then we go in to find it, then

1747
01:37:02,000 --> 01:37:04,479
Speaker 2: finalize it, fix it, and fill it. So I teach

1748
01:37:04,520 --> 01:37:07,960
Speaker 2: you step by step how to build your real estate

1749
01:37:08,000 --> 01:37:11,120
Speaker 2: portfolio in the exact same way that I've done in

1750
01:37:11,200 --> 01:37:16,120
Speaker 2: less than ten years. Okay, So from there, every single

1751
01:37:16,120 --> 01:37:17,800
Speaker 2: week you have a brand new challenge. So this is

1752
01:37:17,880 --> 01:37:19,600
Speaker 2: not just an online course. Every single week you have

1753
01:37:19,640 --> 01:37:21,759
Speaker 2: a brand new challenge. So we start with our financial

1754
01:37:21,760 --> 01:37:24,559
Speaker 2: house cleaning challenge, then our lender shopping challenge, then the

1755
01:37:24,560 --> 01:37:27,320
Speaker 2: pre approval challenge, then the real estate agent challenge, then

1756
01:37:27,360 --> 01:37:29,599
Speaker 2: the Neighborhood Knowledge Challenge number one and the Dala Day

1757
01:37:29,640 --> 01:37:32,240
Speaker 2: Challenge number one. Then you go into your real estate

1758
01:37:32,280 --> 01:37:35,280
Speaker 2: team building challenge and you do each challenge, the new

1759
01:37:35,280 --> 01:37:37,519
Speaker 2: Neighborhood and Dela Date Challenge over and over and over

1760
01:37:37,520 --> 01:37:40,360
Speaker 2: again until you close on your first property or your

1761
01:37:40,400 --> 01:37:44,840
Speaker 2: next property. Okay, So this is the program front to back.

1762
01:37:45,080 --> 01:37:47,320
Speaker 2: This is the actual curriculum. Every single week, you're gonna

1763
01:37:47,320 --> 01:37:50,280
Speaker 2: get your mindset modules. Then you're gonna get your movement modules,

1764
01:37:50,360 --> 01:37:53,040
Speaker 2: so be transformed by the doing of your mind first, right,

1765
01:37:53,200 --> 01:37:55,799
Speaker 2: then we go take action. So this is the program

1766
01:37:55,840 --> 01:37:59,240
Speaker 2: in detail. Every single module is designed to make you

1767
01:37:59,360 --> 01:38:01,760
Speaker 2: money or set gave you money. There's no fat in

1768
01:38:01,760 --> 01:38:05,080
Speaker 2: this program whatsoever. It is the fastest path that I

1769
01:38:05,160 --> 01:38:07,519
Speaker 2: was able to create to get you to understand multi

1770
01:38:07,600 --> 01:38:09,600
Speaker 2: family real estate at the level that I understand it.

1771
01:38:09,880 --> 01:38:11,640
Speaker 2: So if you want to join, you can go to

1772
01:38:11,760 --> 01:38:15,720
Speaker 2: get four three two one WI excuse me, get four

1773
01:38:15,760 --> 01:38:18,760
Speaker 2: three two one dot com. Get four three two one

1774
01:38:18,840 --> 01:38:21,719
Speaker 2: dot com. If you were ready to join the program,

1775
01:38:21,920 --> 01:38:25,439
Speaker 2: all the details are there. Okay. Now every single week

1776
01:38:25,479 --> 01:38:27,320
Speaker 2: we have our weekly dealroom calls, and I know that

1777
01:38:27,360 --> 01:38:29,719
Speaker 2: there's some uh, there's some family members that are here.

1778
01:38:30,680 --> 01:38:33,360
Speaker 2: I saw who did I see up there? Before? I see?

1779
01:38:33,400 --> 01:38:36,400
Speaker 2: Michael is up there. Every week we have our weekly

1780
01:38:36,479 --> 01:38:38,439
Speaker 2: Dealom calls and on our weekly dorroom calls. This is

1781
01:38:38,439 --> 01:38:41,360
Speaker 2: where you can get coached by me. Yes, you can

1782
01:38:41,400 --> 01:38:44,280
Speaker 2: get coached by me personally. You can sign up to

1783
01:38:44,280 --> 01:38:45,840
Speaker 2: be in the hot seat and I will coach you

1784
01:38:46,040 --> 01:38:48,880
Speaker 2: live in front of the family. Okay. So if this

1785
01:38:48,960 --> 01:38:50,479
Speaker 2: is the closest you're going to be able to get

1786
01:38:50,520 --> 01:38:53,760
Speaker 2: to one on one coaching, Ask yourself, who can you

1787
01:38:53,840 --> 01:38:56,040
Speaker 2: go to to ask real estate questions right now? Is

1788
01:38:56,080 --> 01:38:58,160
Speaker 2: there anybody in your phone that you can go to

1789
01:38:58,160 --> 01:39:02,880
Speaker 2: to ask real estate questions right now? Now? No? Okay?

1790
01:39:03,160 --> 01:39:06,240
Speaker 2: And so this is your opportunity to be coached by

1791
01:39:06,280 --> 01:39:09,160
Speaker 2: me to make sure that you are making the right

1792
01:39:09,200 --> 01:39:13,040
Speaker 2: decisions on your calls. What's going on, Crystal? What's going on?

1793
01:39:13,080 --> 01:39:13,439
Speaker 3: Some moll?

1794
01:39:14,160 --> 01:39:16,640
Speaker 2: I got family members that are here right now, just

1795
01:39:16,680 --> 01:39:22,320
Speaker 2: showing love. Rosa, I see you, okay, Carmala, what's going on?

1796
01:39:22,479 --> 01:39:25,799
Speaker 2: So multi d Sanders, I see you? So multifamily movement

1797
01:39:25,840 --> 01:39:27,719
Speaker 2: is in the building. It's good to see you all.

1798
01:39:28,520 --> 01:39:33,839
Speaker 2: This is family, right and we are a tight knit family, okay.

1799
01:39:34,240 --> 01:39:37,080
Speaker 2: And so in addition to that, you're going to get

1800
01:39:37,080 --> 01:39:40,320
Speaker 2: the purchase or past deal analyzer. All right, this is

1801
01:39:40,520 --> 01:39:43,320
Speaker 2: the financial model that I use to evaluate every single

1802
01:39:43,600 --> 01:39:46,559
Speaker 2: deal that I do. Okay, there's twenty three numbers that

1803
01:39:46,600 --> 01:39:48,400
Speaker 2: you need to know. If you leave out one single number,

1804
01:39:48,400 --> 01:39:50,439
Speaker 2: you can step into a bad deal. When you're buying

1805
01:39:50,439 --> 01:39:52,200
Speaker 2: a single family home, it's how much do we get

1806
01:39:52,200 --> 01:39:55,160
Speaker 2: approved for? Four hundred thousand? How much? How much is

1807
01:39:55,160 --> 01:39:57,720
Speaker 2: the home? Three ninety do we like it? It's three factors.

1808
01:39:57,840 --> 01:40:00,640
Speaker 2: When you're buying multi family real estate, actually twenty three

1809
01:40:00,680 --> 01:40:02,920
Speaker 2: numbers that you need to know to evaluate the multi

1810
01:40:02,920 --> 01:40:06,880
Speaker 2: families real estate deal effectively. Okay, and so this is

1811
01:40:06,880 --> 01:40:09,160
Speaker 2: the purchase a past Deal Analyzer. I will not only

1812
01:40:09,200 --> 01:40:11,800
Speaker 2: give you this tool, but you also I'll also teach

1813
01:40:11,840 --> 01:40:13,960
Speaker 2: you what those twenty three numbers are, where to find them,

1814
01:40:13,960 --> 01:40:16,120
Speaker 2: how to find them quickly, and how to evaluate the

1815
01:40:16,160 --> 01:40:18,120
Speaker 2: purchase of past deal analyzer. Right here will tell you

1816
01:40:18,120 --> 01:40:20,640
Speaker 2: what the cash on cast return is, and it will

1817
01:40:20,680 --> 01:40:23,160
Speaker 2: tell you whether you should purchase a pass on the deal.

1818
01:40:23,439 --> 01:40:27,360
Speaker 2: I see Maddie in here, levon what's going on y'all,

1819
01:40:27,439 --> 01:40:30,200
Speaker 2: y'all representing I love it, I love it, I love it. Cool.

1820
01:40:30,520 --> 01:40:33,839
Speaker 2: You will also get the Multifamily Movement Real Estate Investor Workbook.

1821
01:40:34,040 --> 01:40:36,960
Speaker 2: This is your real estate Bible. This is what you

1822
01:40:36,960 --> 01:40:39,240
Speaker 2: will keep with you. This is what you will keep

1823
01:40:39,280 --> 01:40:41,880
Speaker 2: with you in your car and your purse and your

1824
01:40:41,960 --> 01:40:45,960
Speaker 2: backpack and your briefcase. This is a workbook, sixty four

1825
01:40:46,200 --> 01:40:49,040
Speaker 2: worksheets all of my tools that I use. So, for instance,

1826
01:40:49,080 --> 01:40:51,680
Speaker 2: this is the property value Assessment, and it is the

1827
01:40:51,720 --> 01:40:54,479
Speaker 2: forty hidden value signs of hidden value in the thirty

1828
01:40:54,840 --> 01:40:57,200
Speaker 2: signs of hidden costs that we look for as multi

1829
01:40:57,200 --> 01:40:59,280
Speaker 2: fammy real estate investors when we go into a property,

1830
01:40:59,320 --> 01:41:01,639
Speaker 2: we're not looking for countertops, we're not looking for stayles,

1831
01:41:01,680 --> 01:41:04,599
Speaker 2: still appliances. We're looking for hidden value and hidden costs.

1832
01:41:05,200 --> 01:41:07,240
Speaker 2: So that is the multi timer real Estate Investor work

1833
01:41:07,280 --> 01:41:09,080
Speaker 2: Book that you will get that when you join. Okay,

1834
01:41:09,600 --> 01:41:13,120
Speaker 2: then after that it's how do I scale up right

1835
01:41:13,360 --> 01:41:15,080
Speaker 2: and how do I free my family? And the way

1836
01:41:15,080 --> 01:41:18,000
Speaker 2: you do that is through scale. And so in Matthew's

1837
01:41:18,000 --> 01:41:21,000
Speaker 2: other program, The Home Buyer Blueprint, Volume two, we're going

1838
01:41:21,080 --> 01:41:23,040
Speaker 2: to show you how to hire the right team to

1839
01:41:23,080 --> 01:41:26,120
Speaker 2: successfully navigate the rehab process, how to use two three

1840
01:41:26,200 --> 01:41:28,840
Speaker 2: K loans, the home style rehab loan and hard money

1841
01:41:28,840 --> 01:41:31,679
Speaker 2: and construction loans, and he's also going to have monthly webinar.

1842
01:41:31,800 --> 01:41:35,040
Speaker 2: He also has monthly webinars with private lenders breaking down

1843
01:41:35,080 --> 01:41:38,120
Speaker 2: their products and more. So that is how what you

1844
01:41:38,120 --> 01:41:41,080
Speaker 2: will use to scale your portfolio. So for those of

1845
01:41:41,120 --> 01:41:44,000
Speaker 2: you who don't believe that this is possible for you,

1846
01:41:44,040 --> 01:41:47,240
Speaker 2: I want to show you something. Okay, this is one

1847
01:41:47,280 --> 01:41:50,559
Speaker 2: of my best students, Jimmy. Jimmy is closed on twenty

1848
01:41:50,560 --> 01:41:52,479
Speaker 2: one doors and a year and a half. He says,

1849
01:41:52,479 --> 01:41:54,800
Speaker 2: thanks to Julian our goal with fifty doors, and we're

1850
01:41:54,840 --> 01:41:57,519
Speaker 2: halfway there and one point four years controlling over one

1851
01:41:57,560 --> 01:41:59,720
Speaker 2: point nine million dollars in real estate. Didn't need an

1852
01:41:59,760 --> 01:42:01,960
Speaker 2: NBA to get to the next million. In one and

1853
01:42:01,960 --> 01:42:05,879
Speaker 2: a half years, Jimmy and Candice have closed on twenty

1854
01:42:05,960 --> 01:42:08,040
Speaker 2: one doors and one point nine million dollars of real

1855
01:42:08,120 --> 01:42:10,960
Speaker 2: estate one and a half years, family, one and a

1856
01:42:11,000 --> 01:42:14,960
Speaker 2: half years. And if you think that that's amazing, Julius

1857
01:42:15,720 --> 01:42:19,439
Speaker 2: closed on twenty eight doors in seven months. Fast forward,

1858
01:42:19,479 --> 01:42:21,439
Speaker 2: in a few days, my wife will turn forty years old.

1859
01:42:21,520 --> 01:42:23,519
Speaker 2: We've closed on eight real estate deals worth two point

1860
01:42:23,560 --> 01:42:25,880
Speaker 2: sixty five million. Actually we close on two deals so

1861
01:42:25,920 --> 01:42:28,680
Speaker 2: far in August making in a special birthday present. And

1862
01:42:29,000 --> 01:42:31,840
Speaker 2: for those of you who have all kinds of excuses,

1863
01:42:32,000 --> 01:42:34,559
Speaker 2: guess what. Julians and his wife are not even US

1864
01:42:34,600 --> 01:42:39,959
Speaker 2: citizens yet, yet they provide quality, affordable housing to seventeen

1865
01:42:40,000 --> 01:42:43,280
Speaker 2: American families. See, we as Americans, we started resting on

1866
01:42:43,280 --> 01:42:45,840
Speaker 2: our royals thinking we're the best country. We're actually not

1867
01:42:45,920 --> 01:42:49,280
Speaker 2: the best country. There's a lot of good here, but

1868
01:42:49,400 --> 01:42:52,120
Speaker 2: if you look at statistically where our kids are in math,

1869
01:42:52,320 --> 01:42:55,360
Speaker 2: where we are in terms of incarceration, all those kinds

1870
01:42:55,360 --> 01:42:58,479
Speaker 2: of things, health, we aren't doing that well. And so

1871
01:42:58,600 --> 01:43:02,680
Speaker 2: we have and his wife, who are not even US citizens,

1872
01:43:02,920 --> 01:43:05,880
Speaker 2: actually come in here and buying multifamily real estate in

1873
01:43:05,920 --> 01:43:13,000
Speaker 2: America and then providing housing to Americans. Okay, any excuse

1874
01:43:13,040 --> 01:43:14,800
Speaker 2: you have when it comes to this process, I have

1875
01:43:14,880 --> 01:43:17,640
Speaker 2: a way above it, through it, or around it. With

1876
01:43:17,720 --> 01:43:21,880
Speaker 2: the exception of chronic unemployment. If you were happily unemployed

1877
01:43:22,320 --> 01:43:24,920
Speaker 2: and you like receiving a small check every single month,

1878
01:43:25,160 --> 01:43:27,920
Speaker 2: then I cannot help you. Okay, I cannot help somebody

1879
01:43:27,920 --> 01:43:32,879
Speaker 2: with victim consciousness or poverty consciousness, But any other excuse

1880
01:43:32,960 --> 01:43:36,360
Speaker 2: you have, even bankruptcy, Matt and I can help you

1881
01:43:36,479 --> 01:43:39,280
Speaker 2: get to the closing room. Okay, so the root to

1882
01:43:39,320 --> 01:43:42,040
Speaker 2: the success is one. You're gonna get educated. You're gonna

1883
01:43:42,040 --> 01:43:44,599
Speaker 2: get the multi family master Plan, the home Buyer's Blueprint

1884
01:43:44,680 --> 01:43:47,639
Speaker 2: Volume one, and the home Buyer's Blueprint Volume two. All

1885
01:43:47,680 --> 01:43:50,400
Speaker 2: the details are at get four three two one dot com.

1886
01:43:50,520 --> 01:43:52,920
Speaker 2: All of the details at get four three two one

1887
01:43:53,080 --> 01:43:55,840
Speaker 2: dot com. All right, then you're gonna get paired with

1888
01:43:55,880 --> 01:43:58,040
Speaker 2: the lender. That lender is likely going to be Matt

1889
01:43:58,800 --> 01:44:02,320
Speaker 2: or Brandy. These are the two of the best mortgage

1890
01:44:02,360 --> 01:44:06,479
Speaker 2: workers in the entire country. They finance all over. Okay,

1891
01:44:06,800 --> 01:44:08,479
Speaker 2: and you now know that you're not dealing with a

1892
01:44:08,520 --> 01:44:10,840
Speaker 2: predatory lender who's trying to get over on you. This

1893
01:44:10,960 --> 01:44:14,160
Speaker 2: is Matt and his team down here, right right now. Okay.

1894
01:44:14,760 --> 01:44:18,479
Speaker 2: Then we have step three is that we have a networker.

1895
01:44:18,560 --> 01:44:22,120
Speaker 2: Certified real estate agents, people who I've educated real estate

1896
01:44:22,120 --> 01:44:25,160
Speaker 2: agents to who I've educated right on how to evaluate

1897
01:44:25,200 --> 01:44:27,479
Speaker 2: multifamily real estate deals and know the difference between a

1898
01:44:27,479 --> 01:44:30,599
Speaker 2: real estate listing and a real estate deal. This is huge.

1899
01:44:30,720 --> 01:44:32,240
Speaker 2: You do not want to work with your cousin who

1900
01:44:32,320 --> 01:44:35,160
Speaker 2: just got their license yesterday. Anybody can go get their

1901
01:44:35,200 --> 01:44:37,479
Speaker 2: real estate license in about thirty days. That does not

1902
01:44:37,479 --> 01:44:39,679
Speaker 2: make them qualify to teach you how to build wealth.

1903
01:44:40,000 --> 01:44:43,240
Speaker 2: But with Multifamily Movement certified agents, you will know that

1904
01:44:43,280 --> 01:44:45,799
Speaker 2: you are working with an agent who understands the difference

1905
01:44:45,880 --> 01:44:48,200
Speaker 2: between a real estate deal and a real estate listing.

1906
01:44:48,240 --> 01:44:50,280
Speaker 2: We're not looking for real estate listings. We're looking for

1907
01:44:50,280 --> 01:44:55,000
Speaker 2: real estate deals. And then finally, we have our online

1908
01:44:55,040 --> 01:44:57,439
Speaker 2: technology where we share off market deal with one another

1909
01:44:57,720 --> 01:45:00,960
Speaker 2: called the Purchase of Past Deal Analyzer. I spent over

1910
01:45:01,040 --> 01:45:05,000
Speaker 2: five figures and invested in this technology where we build

1911
01:45:05,080 --> 01:45:07,600
Speaker 2: as a community, all right, and so this is the

1912
01:45:07,680 --> 01:45:10,200
Speaker 2: power of what we are teaching. This is a movement

1913
01:45:10,240 --> 01:45:12,120
Speaker 2: in real life. This is two hundred of us in

1914
01:45:12,120 --> 01:45:14,439
Speaker 2: New Orleans for our Generational Wealth Conference. This is our

1915
01:45:14,479 --> 01:45:16,760
Speaker 2: conference that happens every single year. You will get a

1916
01:45:16,800 --> 01:45:19,760
Speaker 2: ticket to that conference to learn how all my wealth

1917
01:45:19,800 --> 01:45:22,639
Speaker 2: building strategies be on just real estate as well as

1918
01:45:22,640 --> 01:45:25,080
Speaker 2: go deeper into other aspects of real estate like commercial

1919
01:45:25,120 --> 01:45:28,200
Speaker 2: real estate, Airbnb, et cetera. So everything that Matt and

1920
01:45:28,280 --> 01:45:30,360
Speaker 2: I put together for you is worth eight thousand, four

1921
01:45:30,400 --> 01:45:33,519
Speaker 2: hundred and ninety six dollars and you can join now

1922
01:45:33,560 --> 01:45:36,400
Speaker 2: at get four three two one dot com right now.

1923
01:45:36,600 --> 01:45:40,679
Speaker 2: Matt and I and eyl family. We are only looking

1924
01:45:40,680 --> 01:45:42,559
Speaker 2: for one hundred people to join this program, and there

1925
01:45:42,600 --> 01:45:45,960
Speaker 2: were over a thousand of you on this webinar. There's

1926
01:45:45,960 --> 01:45:48,360
Speaker 2: about eight hundred of you here right now. We're only

1927
01:45:48,360 --> 01:45:51,400
Speaker 2: looking for one hundred people in this particular cohort, right,

1928
01:45:51,960 --> 01:45:54,679
Speaker 2: and so if you are ready to do this, then

1929
01:45:55,000 --> 01:45:57,200
Speaker 2: go ahead and go to get four three two one

1930
01:45:57,800 --> 01:46:00,960
Speaker 2: dot com to join. Okay, so here are your options.

1931
01:46:01,040 --> 01:46:03,720
Speaker 2: Option number one to join is actually going to feel free,

1932
01:46:03,720 --> 01:46:04,960
Speaker 2: but it's going to cost you the most, and that's

1933
01:46:05,000 --> 01:46:07,840
Speaker 2: you do nothing. It is you do nothing. And while

1934
01:46:07,880 --> 01:46:09,559
Speaker 2: you do nothing, rents are going to continue to rise,

1935
01:46:09,600 --> 01:46:11,559
Speaker 2: what makes it harder for you to say? And prices

1936
01:46:11,560 --> 01:46:13,200
Speaker 2: will continue to rise, what makes it harder for you

1937
01:46:13,240 --> 01:46:17,679
Speaker 2: to buy. So that's option number one. And April first

1938
01:46:17,760 --> 01:46:19,920
Speaker 2: is right around the corner. And if you continue to

1939
01:46:19,920 --> 01:46:22,320
Speaker 2: do nothing, rent is going to continue to be due

1940
01:46:22,600 --> 01:46:27,160
Speaker 2: month after month after month, and there's nothing you can

1941
01:46:27,200 --> 01:46:29,559
Speaker 2: do to stop it except for by multifammy real estate.

1942
01:46:29,840 --> 01:46:33,360
Speaker 2: There's no other way around here housing expen except to

1943
01:46:33,360 --> 01:46:35,679
Speaker 2: buy multiicammy real estate. And so that is what Matt

1944
01:46:35,720 --> 01:46:38,360
Speaker 2: and I here are here to teach you. So with that,

1945
01:46:38,479 --> 01:46:43,200
Speaker 2: this program is actually two nine hundred and ninety seven dollars.

1946
01:46:43,560 --> 01:46:46,160
Speaker 2: For most of you, that's equivalent to one to two

1947
01:46:46,200 --> 01:46:48,920
Speaker 2: months of rent a mortgage expense. And literally, that's all

1948
01:46:48,920 --> 01:46:50,760
Speaker 2: we're asking for is one to two months of rent

1949
01:46:50,760 --> 01:46:52,600
Speaker 2: and mortgage expense to put you in a position to

1950
01:46:52,720 --> 01:46:55,120
Speaker 2: never have to pay rent and mortgage expense ever. Again,

1951
01:46:55,760 --> 01:47:00,160
Speaker 2: I have two hundred and ninety two documented examples of

1952
01:47:00,160 --> 01:47:02,640
Speaker 2: people who no longer have a housing expense for the

1953
01:47:02,680 --> 01:47:05,519
Speaker 2: rest of their life because of what Matt and I

1954
01:47:05,720 --> 01:47:07,600
Speaker 2: brings to the table for you right now if you

1955
01:47:07,680 --> 01:47:11,880
Speaker 2: join this particular program, two hundred and ninety two examples,

1956
01:47:12,040 --> 01:47:13,960
Speaker 2: so I know that this is possible for you. The

1957
01:47:14,040 --> 01:47:18,160
Speaker 2: question is do you believe in yourself? And so normally

1958
01:47:18,200 --> 01:47:20,760
Speaker 2: this program would be this, But for right now, what

1959
01:47:20,800 --> 01:47:23,599
Speaker 2: Matt and I are going to do is we're actually

1960
01:47:23,640 --> 01:47:28,519
Speaker 2: going to take off the two thousand, nine hundred and

1961
01:47:28,600 --> 01:47:32,240
Speaker 2: ninety seven dollars and you can actually join right now

1962
01:47:32,560 --> 01:47:37,720
Speaker 2: for two thousand, four hundred and ninety seven dollars. You

1963
01:47:37,800 --> 01:47:40,439
Speaker 2: can join for just two thousand, four hundred and ninety

1964
01:47:40,439 --> 01:47:45,880
Speaker 2: seven dollars. Okay, the first twenty five people will be

1965
01:47:45,920 --> 01:47:48,679
Speaker 2: able to get access to the program for two thousand,

1966
01:47:48,720 --> 01:47:51,000
Speaker 2: four hundred and ninety seven dollars. After that, it will

1967
01:47:51,040 --> 01:47:54,440
Speaker 2: go up to two thousand, nine hundred and ninety seven dollars.

1968
01:47:54,880 --> 01:47:57,879
Speaker 2: First twenty five people. It's a little fast action bonus

1969
01:47:58,040 --> 01:48:00,680
Speaker 2: for those who are serious and really want to make

1970
01:48:00,720 --> 01:48:03,880
Speaker 2: this happen. We have nine months less than a year.

1971
01:48:04,600 --> 01:48:06,760
Speaker 2: I know that of the one hundred people who join,

1972
01:48:07,320 --> 01:48:09,280
Speaker 2: I believe that half of you will be able to

1973
01:48:09,320 --> 01:48:12,559
Speaker 2: close within this year and the other half will be

1974
01:48:12,560 --> 01:48:16,479
Speaker 2: able to close within the next year and a half. Okay,

1975
01:48:16,760 --> 01:48:20,240
Speaker 2: if you come in, you follow the Homebuyer's Blutprint one right,

1976
01:48:20,479 --> 01:48:23,320
Speaker 2: you follow the Multifamily master Plan to a t. You

1977
01:48:23,360 --> 01:48:26,400
Speaker 2: do not skip steps. You will be able to close.

1978
01:48:27,080 --> 01:48:29,800
Speaker 2: And then once you close on your first property, then

1979
01:48:29,800 --> 01:48:31,760
Speaker 2: you go to the home Buyer Blueprint Volume two and

1980
01:48:31,800 --> 01:48:34,719
Speaker 2: you learn how to build your portfolio. Okay, so again

1981
01:48:34,760 --> 01:48:37,320
Speaker 2: that's get four three two one dot com. First twenty

1982
01:48:37,360 --> 01:48:40,360
Speaker 2: five people can join for twenty five hundred dollars. After

1983
01:48:40,439 --> 01:48:42,479
Speaker 2: that it's going to go up to twenty nine hundred

1984
01:48:42,479 --> 01:48:46,880
Speaker 2: and ninety seven dollars. All right, So some of you

1985
01:48:46,960 --> 01:48:49,599
Speaker 2: believe that this is expensive, and my question to you

1986
01:48:49,680 --> 01:48:55,240
Speaker 2: is what's more expensive? One thousand dollars four hundred and

1987
01:48:55,280 --> 01:48:59,519
Speaker 2: ninety seven dollars now or fourteen hundred dollars in rent

1988
01:48:59,520 --> 01:49:02,760
Speaker 2: over the next year. What's more expensived four hundred and

1989
01:49:02,800 --> 01:49:05,880
Speaker 2: ninety seven dollars today or seventy two thousand dollars worth

1990
01:49:05,880 --> 01:49:08,839
Speaker 2: of rent over the next five years. What's more expensive

1991
01:49:08,840 --> 01:49:11,880
Speaker 2: twosand four undred ninety seven dollars now or one hundred

1992
01:49:11,880 --> 01:49:14,320
Speaker 2: and forty four thousand dollars over the next ten years.

1993
01:49:14,600 --> 01:49:17,720
Speaker 2: If I simply asked you to add up all the

1994
01:49:17,760 --> 01:49:22,559
Speaker 2: money that you spent in rent or mortgage interests since

1995
01:49:22,560 --> 01:49:26,840
Speaker 2: you've been quote unquote living on your own, how much

1996
01:49:26,840 --> 01:49:32,679
Speaker 2: would that be? In fact, yes, it is, It's lifetime.

1997
01:49:32,760 --> 01:49:35,080
Speaker 2: It's lifetime. In fact, let me know in chat how

1998
01:49:35,160 --> 01:49:38,320
Speaker 2: much are you paying rent a mortgage? Right now? I

1999
01:49:39,000 --> 01:49:41,320
Speaker 2: see quite a few people joining. I'm going to celebrate

2000
01:49:41,360 --> 01:49:43,679
Speaker 2: those folk. If you join, please let me know in chat.

2001
01:49:45,320 --> 01:49:48,839
Speaker 2: I see seven hundred, thirteen hundred, three thousand, fifteen hundred.

2002
01:49:48,880 --> 01:49:50,920
Speaker 2: I saw some zeros. I don't know if people living

2003
01:49:50,920 --> 01:49:52,880
Speaker 2: on the streets or they living at their mama's house.

2004
01:49:53,200 --> 01:49:57,120
Speaker 2: Nineteen ninety five eighteen hundred thirteen fifty nine hundred thirty

2005
01:49:57,120 --> 01:50:00,760
Speaker 2: two hundred, twelve hundred, fifteen hundred, fifteen hundred, twenty three hundred,

2006
01:50:00,840 --> 01:50:03,960
Speaker 2: nine twenty eight, fourteen hundred, twenty five hundred, fifteen hundred,

2007
01:50:04,040 --> 01:50:08,040
Speaker 2: ten forty one, twenty eight hundred. You are just gonna

2008
01:50:08,080 --> 01:50:11,439
Speaker 2: keep paying that for the rest of your life. If

2009
01:50:11,439 --> 01:50:13,599
Speaker 2: this is not the pathway for you, can you please

2010
01:50:13,640 --> 01:50:15,720
Speaker 2: let me know in chat what is going to be

2011
01:50:15,800 --> 01:50:18,160
Speaker 2: your pathway to get rid of your housing expense. If

2012
01:50:18,160 --> 01:50:20,360
Speaker 2: you're not going to join get four three two one,

2013
01:50:20,400 --> 01:50:22,400
Speaker 2: please let me know what are you going to do

2014
01:50:22,479 --> 01:50:24,960
Speaker 2: to get rid of your housing expense? Please just let

2015
01:50:24,960 --> 01:50:27,160
Speaker 2: me know what the game plan is other than this

2016
01:50:29,160 --> 01:50:32,240
Speaker 2: Sean Bell owned thirty two doors, Proud of you family,

2017
01:50:32,880 --> 01:50:37,160
Speaker 2: Proud of you family, Paris. If your home is paid off,

2018
01:50:37,200 --> 01:50:39,519
Speaker 2: we actually want to refinance while these interest rates are

2019
01:50:39,560 --> 01:50:41,599
Speaker 2: low and use the equity. Right now, you have money

2020
01:50:41,600 --> 01:50:43,280
Speaker 2: that's stuck in the walls of your home, that's just

2021
01:50:43,280 --> 01:50:46,040
Speaker 2: sitting there. Okay, we actually want to use that to

2022
01:50:46,040 --> 01:50:52,639
Speaker 2: build your portfolio. All right, So again that's get four

2023
01:50:52,720 --> 01:50:55,559
Speaker 2: three two one dot com. Now, for those of you

2024
01:50:55,600 --> 01:50:57,800
Speaker 2: who don't have two four ninety seven dollars, that's a

2025
01:50:57,840 --> 01:51:01,200
Speaker 2: red flag, right, that's a red flag. Something is broken

2026
01:51:01,240 --> 01:51:03,519
Speaker 2: in your financial system, and the easiest way to fix

2027
01:51:03,560 --> 01:51:05,759
Speaker 2: your financial system is to get rid of your biggest expense,

2028
01:51:05,800 --> 01:51:08,519
Speaker 2: which is housing. So we literally just do this one thing.

2029
01:51:08,960 --> 01:51:11,519
Speaker 2: It would literally change your world around. In fact, earlier

2030
01:51:11,520 --> 01:51:13,559
Speaker 2: on you all type getting rid of my housing expends

2031
01:51:13,600 --> 01:51:16,160
Speaker 2: would change everything for me, okay, And so that's what

2032
01:51:16,240 --> 01:51:21,040
Speaker 2: this focus is, to change everything all right. Now, if

2033
01:51:21,080 --> 01:51:23,000
Speaker 2: you do not have two thousand, four ninety seven dollars,

2034
01:51:23,080 --> 01:51:26,960
Speaker 2: you can't take advantage of the savings of fourteen ninety five.

2035
01:51:27,040 --> 01:51:28,560
Speaker 2: When you do the one pay you get access to

2036
01:51:28,600 --> 01:51:32,360
Speaker 2: everything immediately, okay, And you say fourteen ninety five, But

2037
01:51:32,479 --> 01:51:35,559
Speaker 2: for those of you who need, those of you who

2038
01:51:35,640 --> 01:51:38,479
Speaker 2: need a payment plan, you can join on the payment

2039
01:51:38,520 --> 01:51:41,480
Speaker 2: plan of four ninety nine per month for just eight months.

2040
01:51:41,880 --> 01:51:43,920
Speaker 2: This is not some payment plan that goes on forever,

2041
01:51:44,040 --> 01:51:46,439
Speaker 2: and I hope you forget No, that's not how we operate.

2042
01:51:46,880 --> 01:51:49,920
Speaker 2: It's eight months, and after that you're done. You have

2043
01:51:49,960 --> 01:51:53,400
Speaker 2: lifetime access to the programs, all right. But in fact,

2044
01:51:53,640 --> 01:51:55,719
Speaker 2: for right now, what we're gonna do is we're gonna

2045
01:51:55,720 --> 01:51:59,240
Speaker 2: take off an additional payment. We're gonna take off an

2046
01:51:59,240 --> 01:52:04,320
Speaker 2: additional payment, Okay, And so you can actually join for

2047
01:52:04,360 --> 01:52:07,800
Speaker 2: four ninety nine per month for just seven months, four

2048
01:52:07,880 --> 01:52:11,960
Speaker 2: nine a month for just seven months. All right, and

2049
01:52:12,040 --> 01:52:15,840
Speaker 2: so again that's get four three two one dot com.

2050
01:52:15,880 --> 01:52:17,840
Speaker 2: That's get four three two one dot com with the

2051
01:52:17,880 --> 01:52:20,120
Speaker 2: one pay you save fourteen ninety five. But if you

2052
01:52:20,160 --> 01:52:22,400
Speaker 2: need to do the four ninety nine per month payment plan,

2053
01:52:22,560 --> 01:52:25,200
Speaker 2: then go ahead and do that. You also get to

2054
01:52:25,200 --> 01:52:28,920
Speaker 2: bring a buddy into the program for free. You also

2055
01:52:29,000 --> 01:52:30,960
Speaker 2: get to bring a buddy into the program for free.

2056
01:52:31,080 --> 01:52:34,599
Speaker 2: That buddy includes your best friend, spouse or homie blood

2057
01:52:34,680 --> 01:52:37,280
Speaker 2: which is sibling, parents or kids, or a business partner

2058
01:52:37,280 --> 01:52:40,439
Speaker 2: who you're going to invest with. Okay, why would we

2059
01:52:40,479 --> 01:52:43,240
Speaker 2: do that? Because if we know that you will have

2060
01:52:43,280 --> 01:52:45,560
Speaker 2: a higher degree of accountability and a greater chance of

2061
01:52:45,600 --> 01:52:48,439
Speaker 2: success when there's somebody around you who also wants this,

2062
01:52:48,560 --> 01:52:51,719
Speaker 2: who says, let's go do module five this this weekend.

2063
01:52:51,800 --> 01:52:54,519
Speaker 2: Let's go look at these three properties today, right, and

2064
01:52:54,560 --> 01:52:56,800
Speaker 2: so we are allowing you to bring a buddy into

2065
01:52:56,840 --> 01:53:00,679
Speaker 2: the program for free, and all the instructions to add

2066
01:53:00,760 --> 01:53:05,000
Speaker 2: your buddy to your account is an orientation. Okay, So

2067
01:53:06,200 --> 01:53:08,639
Speaker 2: many of you are sitting at home alone right now.

2068
01:53:08,720 --> 01:53:10,679
Speaker 2: You're watching this webinar alone. How many you are watching

2069
01:53:10,720 --> 01:53:15,120
Speaker 2: this webinar alone right now? How many you are watching

2070
01:53:15,240 --> 01:53:22,400
Speaker 2: this webinar alone right now? Somebody said, dole loon, how

2071
01:53:22,439 --> 01:53:24,200
Speaker 2: has it ever crossed your mind that the reason that

2072
01:53:24,240 --> 01:53:26,479
Speaker 2: you haven't achieved everything that you desire is because you've

2073
01:53:26,479 --> 01:53:29,559
Speaker 2: been trying to do everything by yourself. The problem with

2074
01:53:29,600 --> 01:53:32,400
Speaker 2: personal development is that it's personal. But when you look

2075
01:53:32,400 --> 01:53:34,679
Speaker 2: at the world's most successful people, all of the world's

2076
01:53:34,720 --> 01:53:38,200
Speaker 2: most successful people moving packs, but here you are trying

2077
01:53:38,200 --> 01:53:40,240
Speaker 2: to be the acception to the rule. I'm just gonna

2078
01:53:40,240 --> 01:53:41,920
Speaker 2: do it on my own. I'm gonna pick up myself

2079
01:53:41,920 --> 01:53:44,120
Speaker 2: by my own bootstraps. Well, guess what, somebody had to

2080
01:53:44,120 --> 01:53:45,920
Speaker 2: make the boot traps. So you still are not alone.

2081
01:53:47,680 --> 01:53:49,720
Speaker 2: With the multicamming movement, you now get to be part

2082
01:53:49,720 --> 01:53:52,240
Speaker 2: of a family of people who are committed to create

2083
01:53:52,280 --> 01:53:54,519
Speaker 2: a regenerational wealth and entering into what we call the

2084
01:53:54,600 --> 01:53:57,920
Speaker 2: asset class. There's the lower class, the middle class, the

2085
01:53:58,000 --> 01:54:00,559
Speaker 2: upper class, which are highly paid people, but it's all

2086
01:54:00,600 --> 01:54:03,400
Speaker 2: active income. And the only true group of people that's

2087
01:54:03,439 --> 01:54:06,440
Speaker 2: truly free is above them, which is the asset class.

2088
01:54:06,920 --> 01:54:09,360
Speaker 2: And that is what we're aspiring to be. Can everybody

2089
01:54:09,400 --> 01:54:12,680
Speaker 2: type asset class. That's new language. I created that language,

2090
01:54:12,720 --> 01:54:15,320
Speaker 2: and I want everybody to type that in asset class.

2091
01:54:15,439 --> 01:54:17,680
Speaker 2: That is the new aspiration. I'm not trying to be

2092
01:54:17,720 --> 01:54:19,960
Speaker 2: middle class. Who wants to be in the middle I'm

2093
01:54:19,960 --> 01:54:24,679
Speaker 2: not trying to be upper class just having good active income.

2094
01:54:25,080 --> 01:54:27,479
Speaker 2: I want to be part of the asset class where

2095
01:54:27,520 --> 01:54:30,800
Speaker 2: I am one hundred percent free. And the best way

2096
01:54:30,840 --> 01:54:32,920
Speaker 2: I know to do that at this moment in time

2097
01:54:33,200 --> 01:54:37,920
Speaker 2: is multifamily real estate. All right, So if you signed up,

2098
01:54:38,000 --> 01:54:40,080
Speaker 2: please let me know in chat so I can give

2099
01:54:40,120 --> 01:54:43,120
Speaker 2: you some love. If you signed up, please let me

2100
01:54:43,120 --> 01:54:48,440
Speaker 2: know in chat so I can give you some love. Melissa,

2101
01:54:48,680 --> 01:54:51,240
Speaker 2: Welcome to the Welcome to the family. Happy to have you.

2102
01:54:53,240 --> 01:54:56,640
Speaker 2: If you join, let me know in chat. Pat Rashida said,

2103
01:54:56,680 --> 01:54:59,600
Speaker 2: almost done. Joseph, welcome to the family. Pre welcome to

2104
01:54:59,640 --> 01:55:03,560
Speaker 2: the family. Oh and welcome to the family. Let's share. Yes,

2105
01:55:03,600 --> 01:55:05,520
Speaker 2: you can bring your ten year old. We love having

2106
01:55:05,520 --> 01:55:10,800
Speaker 2: the young ones with us. Okay, Milton, welcome to the family,

2107
01:55:12,880 --> 01:55:18,120
Speaker 2: mister says, signing up tomorrow. Michael already in the game.

2108
01:55:20,040 --> 01:55:24,000
Speaker 2: Al Ada, welcome to the family. Happy to have you.

2109
01:55:25,520 --> 01:55:30,120
Speaker 2: Good good, good good we Weeda Okay, pleasure to meet you.

2110
01:55:31,000 --> 01:55:32,920
Speaker 2: For those of you who have PayPal, you can use

2111
01:55:32,920 --> 01:55:36,240
Speaker 2: PayPal credit. PayPal credit there is no interest for six months,

2112
01:55:36,280 --> 01:55:38,040
Speaker 2: but only we don't want you to buy this on

2113
01:55:38,080 --> 01:55:41,120
Speaker 2: our credit card. We don't want you to increase your liabilities.

2114
01:55:42,120 --> 01:55:44,600
Speaker 2: But PayPal credit is no interest for six months. So

2115
01:55:44,680 --> 01:55:46,360
Speaker 2: if you know that you have a tax return or

2116
01:55:46,360 --> 01:55:49,000
Speaker 2: a lumputh come come in within six months, you can

2117
01:55:49,000 --> 01:55:51,280
Speaker 2: go ahead and take advantage of the one pay discount

2118
01:55:51,400 --> 01:55:54,560
Speaker 2: of fourteen ninety five and use PayPal credit and then

2119
01:55:54,600 --> 01:55:57,160
Speaker 2: just pay off that balance when the lump sum that

2120
01:55:57,240 --> 01:56:01,000
Speaker 2: you have for it's your birthday bonus or whatever come in,

2121
01:56:01,160 --> 01:56:05,520
Speaker 2: all right, all right, So with that, there are a

2122
01:56:05,520 --> 01:56:07,680
Speaker 2: few more bonuses that we have, and I'm gonna answer

2123
01:56:07,760 --> 01:56:10,600
Speaker 2: questions live in just a second. I'm gonna give you

2124
01:56:10,640 --> 01:56:13,200
Speaker 2: time your Rapper's Credit Etiquette course. This will help you

2125
01:56:13,200 --> 01:56:14,800
Speaker 2: boost your credit score by fifty to one hundred and

2126
01:56:14,800 --> 01:56:16,840
Speaker 2: fifty points for those you want to get your interest

2127
01:56:16,920 --> 01:56:20,280
Speaker 2: rate down. If your credit score is totally shot, then

2128
01:56:20,400 --> 01:56:22,240
Speaker 2: you typically are gonna want to go with NAKA because

2129
01:56:22,280 --> 01:56:25,960
Speaker 2: NACA does not take credit into account when financing you. Okay,

2130
01:56:26,120 --> 01:56:28,360
Speaker 2: so you do not need great credit if you're going

2131
01:56:28,400 --> 01:56:30,360
Speaker 2: to go through NAKA. I'm also going to give you

2132
01:56:30,360 --> 01:56:33,360
Speaker 2: my ARII Tax Secrets program, which is how to reduce

2133
01:56:33,360 --> 01:56:36,000
Speaker 2: your tax liability using multi family real estate in the

2134
01:56:36,040 --> 01:56:40,200
Speaker 2: tax code. I showed you how one multi family property

2135
01:56:40,240 --> 01:56:41,680
Speaker 2: is going to literally save me two hundred and seventy

2136
01:56:41,680 --> 01:56:44,320
Speaker 2: eight thousand dollars in taxes over thirty years. Right, you

2137
01:56:44,360 --> 01:56:46,240
Speaker 2: do not need an LLC. You just need to do

2138
01:56:46,280 --> 01:56:49,360
Speaker 2: your accounting properly. Okay, I'm gonna answer questions just a

2139
01:56:49,400 --> 01:56:52,640
Speaker 2: second family, Okay. I'm also going to give you my

2140
01:56:52,760 --> 01:56:55,960
Speaker 2: Airbnb Overnight success course, which is how I built a

2141
01:56:56,000 --> 01:56:59,000
Speaker 2: six figure Airbnb business. So if you decide to get

2142
01:56:59,000 --> 01:57:01,080
Speaker 2: a four plex and to air B and B two units,

2143
01:57:01,080 --> 01:57:02,960
Speaker 2: rent out one unit, and live in the other, this

2144
01:57:02,960 --> 01:57:05,080
Speaker 2: could be a great business model for you. In fact,

2145
01:57:05,200 --> 01:57:08,800
Speaker 2: April she is earning over ten thousand dollars a month

2146
01:57:08,880 --> 01:57:11,320
Speaker 2: off of her first four unit in Virginia Beach because

2147
01:57:11,320 --> 01:57:14,600
Speaker 2: she airbnb'd all three units. And she just sent me

2148
01:57:14,640 --> 01:57:18,200
Speaker 2: her resignation letter for her job. So shout out to

2149
01:57:18,320 --> 01:57:22,560
Speaker 2: April on running the play off of two properties. She

2150
01:57:22,640 --> 01:57:24,640
Speaker 2: got this property another one and then quit her job.

2151
01:57:24,840 --> 01:57:28,160
Speaker 2: All right, So this is real life stuff. These are

2152
01:57:28,200 --> 01:57:31,440
Speaker 2: real human beings, real stories. Family. Okay. I'm also going

2153
01:57:31,480 --> 01:57:34,800
Speaker 2: to give you the purchase a Past deal Analyzer online version. Okay.

2154
01:57:35,000 --> 01:57:37,400
Speaker 2: This is the technologies that I've invested in and built

2155
01:57:37,400 --> 01:57:41,080
Speaker 2: for my community alone. With the purchase of Past Deal Analyzer.

2156
01:57:41,960 --> 01:57:44,200
Speaker 2: This is where we share off market deals with one another.

2157
01:57:44,440 --> 01:57:46,720
Speaker 2: All right. We share off market deals with one another,

2158
01:57:47,080 --> 01:57:49,080
Speaker 2: and this is where we connect with people in our market.

2159
01:57:49,120 --> 01:57:51,720
Speaker 2: These are the beautiful people in the Orlando market. We

2160
01:57:51,760 --> 01:57:54,160
Speaker 2: also share our real estate rolodexes with each other, the

2161
01:57:54,200 --> 01:57:56,600
Speaker 2: best agents in our markets, the best lenders in our markets,

2162
01:57:56,640 --> 01:58:00,440
Speaker 2: the best inspectors, insurance companies, general contractors, etc. All that

2163
01:58:00,520 --> 01:58:03,280
Speaker 2: data is collected in the purchase of Past Deal Analyzer. Okay.

2164
01:58:03,560 --> 01:58:06,920
Speaker 2: We also meet in groups called market meetups all across

2165
01:58:06,920 --> 01:58:09,160
Speaker 2: the country. So you see Saint Louis here, you see

2166
01:58:09,200 --> 01:58:15,839
Speaker 2: Baton Rouge, the Bay Area, Atlanta, Dallas, Brooklyn, New Jersey.

2167
01:58:16,120 --> 01:58:20,080
Speaker 2: We connect in real life. These are real life meetups,

2168
01:58:20,200 --> 01:58:22,520
Speaker 2: So you're literally plugging into a real family. If you

2169
01:58:22,560 --> 01:58:24,960
Speaker 2: fill alone on this journey, then this is your opportunity

2170
01:58:25,000 --> 01:58:27,040
Speaker 2: to plug into a real family instead of trying to

2171
01:58:27,720 --> 01:58:30,120
Speaker 2: lift up your friends or your family members who don't

2172
01:58:30,120 --> 01:58:31,720
Speaker 2: get it. At this moment in time. You get to

2173
01:58:31,840 --> 01:58:34,000
Speaker 2: join a group of people who is already elevated and

2174
01:58:34,040 --> 01:58:36,640
Speaker 2: you get to rise to the occasion. Right. Then we're

2175
01:58:36,640 --> 01:58:38,600
Speaker 2: also going to give you the FUELIP module, which shows

2176
01:58:38,640 --> 01:58:41,000
Speaker 2: you how to scale up your portfolio. Especially for those

2177
01:58:41,040 --> 01:58:43,160
Speaker 2: of you who already have a single family with equity,

2178
01:58:43,240 --> 01:58:44,960
Speaker 2: we want to show you how to build that portfolio

2179
01:58:45,120 --> 01:58:48,120
Speaker 2: up all right, So, and then you all get a

2180
01:58:48,120 --> 01:58:50,680
Speaker 2: ticket to Generational Wealth Conference, which is our basically our

2181
01:58:50,680 --> 01:58:53,040
Speaker 2: family reunion when we come together for two days. It'll

2182
01:58:53,080 --> 01:58:55,360
Speaker 2: be free for you. Okay, it'll be free for you,

2183
01:58:55,600 --> 01:58:57,760
Speaker 2: and you get to come to Generational Wealth Conference. And

2184
01:58:57,840 --> 01:58:59,560
Speaker 2: on day one we do all of my wealth building

2185
01:58:59,600 --> 01:59:03,720
Speaker 2: strategy be on real estate, whether that's stock market investing, cryptocurrency,

2186
01:59:03,840 --> 01:59:06,920
Speaker 2: whole life insurance, or and on day two we do

2187
01:59:07,040 --> 01:59:10,600
Speaker 2: other aspects of real estate, whether that's Airbnb, rehabs, new construction,

2188
01:59:10,920 --> 01:59:16,080
Speaker 2: and commercial real estate. Okay, so everything here, including the bonuses,

2189
01:59:16,120 --> 01:59:18,560
Speaker 2: would be over eleven thousand dollars. You can join right

2190
01:59:18,600 --> 01:59:21,720
Speaker 2: now for twenty four hundred and ninety seven dollars. We're

2191
01:59:21,720 --> 01:59:23,800
Speaker 2: only looking for one hundred people right now. There are

2192
01:59:23,840 --> 01:59:27,040
Speaker 2: over one thousand people on this webinar. There's actually six

2193
01:59:27,120 --> 01:59:30,280
Speaker 2: hundred and seventy people still here right now based on

2194
01:59:31,040 --> 01:59:33,600
Speaker 2: some of the people who already let me know that

2195
01:59:33,640 --> 01:59:35,840
Speaker 2: they join. Actually, let me check my phone real quick.

2196
01:59:38,920 --> 01:59:49,080
Speaker 3: What is that one, two, three, four, five, six, seven, eight, nine, ten, eleven, twelve, thirteen.

2197
01:59:51,200 --> 01:59:55,920
Speaker 2: It looks like twenty five people already in. Remember, I

2198
01:59:55,960 --> 01:59:58,080
Speaker 2: think it's about twenty five. Remember the two thousand, four

2199
01:59:58,120 --> 02:00:00,720
Speaker 2: hundred and ninety seven will be for the first twenty

2200
02:00:00,800 --> 02:00:03,200
Speaker 2: five people who do the full pay, right, So I

2201
02:00:03,200 --> 02:00:05,640
Speaker 2: think there's some of those left if you are ready

2202
02:00:05,800 --> 02:00:09,320
Speaker 2: to go. So don't procrastinate, don't hesitate, and don't wait,

2203
02:00:09,480 --> 02:00:11,720
Speaker 2: all right, So, literally, you were just one deal away.

2204
02:00:11,760 --> 02:00:13,600
Speaker 2: This is my first deal in Brooklyn, New York. It

2205
02:00:13,680 --> 02:00:16,960
Speaker 2: literally changed the financial trajectory of my life. This was

2206
02:00:16,960 --> 02:00:20,320
Speaker 2: the first domino. And when you buy your first multifamily home,

2207
02:00:20,760 --> 02:00:22,920
Speaker 2: the moment you do that and you collect that first

2208
02:00:22,920 --> 02:00:24,520
Speaker 2: rent check, you're going to want to buy another one,

2209
02:00:24,560 --> 02:00:26,480
Speaker 2: and another one and another one. And this is how

2210
02:00:26,520 --> 02:00:29,320
Speaker 2: my wealth got built. Over the past eight years. Literally,

2211
02:00:29,360 --> 02:00:31,080
Speaker 2: I've been able to build one hundred and eighty thousand

2212
02:00:31,080 --> 02:00:35,000
Speaker 2: dollars in passive income right in less than a decade. Right,

2213
02:00:35,240 --> 02:00:37,560
Speaker 2: all through Multi Tammi Real Estate. So you're gonna start

2214
02:00:37,560 --> 02:00:40,320
Speaker 2: the programs Toe Finals. Welcome to the family. I see you, Jeffrey,

2215
02:00:40,320 --> 02:00:42,960
Speaker 2: Welcome to the family. I see you, Richard, Welcome to

2216
02:00:43,000 --> 02:00:45,960
Speaker 2: the family. Happy to have you all right, So you're

2217
02:00:45,960 --> 02:00:48,320
Speaker 2: gonna get onboard. You're gonna get your deal analyzers. Start

2218
02:00:48,320 --> 02:00:51,080
Speaker 2: the online course, go through orientation by our weekly doing

2219
02:00:51,080 --> 02:00:53,960
Speaker 2: them a call on Sunday. You'll get emails about Matt's call.

2220
02:00:54,120 --> 02:00:56,040
Speaker 2: Then we'll have our first challenge. You'll start your first

2221
02:00:56,080 --> 02:01:00,680
Speaker 2: challenge on Monday. Right now. The price is four ninety

2222
02:01:00,720 --> 02:01:02,960
Speaker 2: nine per month for seven months or two thousand, four

2223
02:01:03,000 --> 02:01:05,320
Speaker 2: hundred and ninety seven dollars one time lifetime for the

2224
02:01:05,320 --> 02:01:07,680
Speaker 2: first twenty five people. After that, it's going to go

2225
02:01:07,840 --> 02:01:10,640
Speaker 2: up to two thousand, nine hundred and ninety seven dollars

2226
02:01:10,760 --> 02:01:13,040
Speaker 2: or back to an eight pay. So, if you're ready

2227
02:01:13,120 --> 02:01:15,480
Speaker 2: to go, go ahead and go to get four three

2228
02:01:15,480 --> 02:01:17,760
Speaker 2: two one dot com again. That's get four three two

2229
02:01:17,800 --> 02:01:24,040
Speaker 2: one dot com. You have until Saturday. You have till Saturday.

2230
02:01:24,160 --> 02:01:26,440
Speaker 2: When do y'all get paid? When y'all get paid? Y'all

2231
02:01:26,480 --> 02:01:33,480
Speaker 2: getting paid on Friday. When's the first? When's the first? Yes,

2232
02:01:33,560 --> 02:01:35,960
Speaker 2: the first is Friday, So I know some of you're

2233
02:01:35,960 --> 02:01:38,240
Speaker 2: gonna have to wait till Friday till your paycheck comes in,

2234
02:01:38,400 --> 02:01:42,920
Speaker 2: and that's totally understandable, So go ahead and UH. If

2235
02:01:42,960 --> 02:01:44,800
Speaker 2: that you have to wait till that hits, then you

2236
02:01:44,880 --> 02:01:48,680
Speaker 2: have till Saturday. You have until Saturday to join, right,

2237
02:01:48,720 --> 02:01:50,760
Speaker 2: so you'll see a timer on that page at get

2238
02:01:50,800 --> 02:01:53,560
Speaker 2: four three two one dot com and uh, and you

2239
02:01:53,600 --> 02:01:56,200
Speaker 2: want to make sure you join before that timer expires.

2240
02:01:56,240 --> 02:01:58,240
Speaker 2: We have class on Sunday and we want you to

2241
02:01:58,280 --> 02:02:02,280
Speaker 2: be done with orientation by Sunday at eight pm Eastern. Okay,

2242
02:02:02,600 --> 02:02:04,360
Speaker 2: so my question to you is what are you waiting for?

2243
02:02:05,240 --> 02:02:07,920
Speaker 2: You know, you wanted to buy real estate for three, five, ten,

2244
02:02:08,080 --> 02:02:11,480
Speaker 2: fifteen years now, and waiting is not going to help you.

2245
02:02:11,840 --> 02:02:13,840
Speaker 2: Prices are going to continue to rise, and it's going

2246
02:02:13,880 --> 02:02:15,720
Speaker 2: to make it harder and harder and harder for you

2247
02:02:15,760 --> 02:02:18,360
Speaker 2: to get in the game. The more you hesitate, procrastinating

2248
02:02:18,360 --> 02:02:21,440
Speaker 2: and wait. If you think interest rate increases are bad,

2249
02:02:21,880 --> 02:02:24,400
Speaker 2: well guess what. Here's where we are in terms of

2250
02:02:24,440 --> 02:02:29,840
Speaker 2: the past. What is this forty seven years of interest rate?

2251
02:02:30,600 --> 02:02:32,760
Speaker 2: We're still down here. So even if the FED increases

2252
02:02:32,760 --> 02:02:34,920
Speaker 2: the interest rate, YO, point two five percent. That's still

2253
02:02:35,000 --> 02:02:38,840
Speaker 2: insignificant in comparison to what interest rates were in the

2254
02:02:38,960 --> 02:02:41,720
Speaker 2: nineteen eighties. I wouldn't be in the game of real

2255
02:02:41,800 --> 02:02:44,400
Speaker 2: estate if my interest rate was eighteen point sixty three percent,

2256
02:02:44,560 --> 02:02:46,680
Speaker 2: I would not be buying real estate. I've been a

2257
02:02:46,680 --> 02:02:50,000
Speaker 2: different asset class. So we are still experiencing all time

2258
02:02:50,120 --> 02:02:52,600
Speaker 2: lows in terms of Morgan interest rates. And you want

2259
02:02:52,600 --> 02:02:55,920
Speaker 2: to get in before the interest rates rise anymore, all right,

2260
02:02:56,040 --> 02:02:58,360
Speaker 2: because here's what a one percent increase in interest will

2261
02:02:58,360 --> 02:03:01,240
Speaker 2: do for you or do not do against you. So

2262
02:03:01,400 --> 02:03:03,120
Speaker 2: if you're able to close on a property at three

2263
02:03:03,120 --> 02:03:04,920
Speaker 2: percent interest rate, that's going to be one hundred and

2264
02:03:04,960 --> 02:03:07,920
Speaker 2: sixty five thousand dollars in interest. Okay, if you allow

2265
02:03:07,960 --> 02:03:11,520
Speaker 2: the interest rate to increase by one percent to four percent,

2266
02:03:11,920 --> 02:03:13,960
Speaker 2: that's going to increase your interest to two hundred and

2267
02:03:13,960 --> 02:03:17,760
Speaker 2: twenty six thousand dollars. That's literally sixty thousand dollars more

2268
02:03:17,800 --> 02:03:22,200
Speaker 2: for the same exact property, all because you procrastinated and hesitated.

2269
02:03:23,200 --> 02:03:25,440
Speaker 2: This program is only two thousand, four hundred and ninety

2270
02:03:25,440 --> 02:03:27,920
Speaker 2: seven dollars. If we can literally just get you in

2271
02:03:27,960 --> 02:03:31,680
Speaker 2: the game before the interest rate increases, you've already saved

2272
02:03:31,720 --> 02:03:35,800
Speaker 2: and got a huge ROI on your investment. All right.

2273
02:03:36,440 --> 02:03:38,520
Speaker 2: So with that, I want to say thank you, thank you,

2274
02:03:38,760 --> 02:03:41,240
Speaker 2: thank you, thank you for being here. This has been

2275
02:03:41,240 --> 02:03:44,000
Speaker 2: an absolute pleasure to teach you. Matt text me and

2276
02:03:44,000 --> 02:03:47,400
Speaker 2: he apologizes for not being able to make it. He

2277
02:03:47,440 --> 02:03:49,960
Speaker 2: has some travel issues, and then he has some technology issues.

2278
02:03:50,120 --> 02:03:52,680
Speaker 2: That's my brother. His mind is my mind. We are one,

2279
02:03:53,000 --> 02:03:54,520
Speaker 2: and I was able to bring it all the way

2280
02:03:54,560 --> 02:03:56,400
Speaker 2: home for you, and now I'm trying to get you

2281
02:03:56,440 --> 02:03:59,640
Speaker 2: a home if you will allow us to. Okay. So

2282
02:03:59,680 --> 02:04:02,520
Speaker 2: with that, I want to take questions. Now. I'll probably

2283
02:04:02,520 --> 02:04:05,920
Speaker 2: take about ten, ten or fifteen questions. I know there

2284
02:04:05,920 --> 02:04:08,280
Speaker 2: were tons of them in chat. I want you to

2285
02:04:08,320 --> 02:04:10,400
Speaker 2: use a Q and A function, though, please do not

2286
02:04:10,600 --> 02:04:13,280
Speaker 2: answer ask your questions in chat. Please use the Q

2287
02:04:13,360 --> 02:04:16,680
Speaker 2: and A function and I will answer them there in order. Okay,

2288
02:04:17,400 --> 02:04:20,680
Speaker 2: thank you, I appreciate that, Rodney, so Rashida. The conference

2289
02:04:20,720 --> 02:04:24,320
Speaker 2: is in January. It is every January, typically on MLK weekend.

2290
02:04:24,680 --> 02:04:28,360
Speaker 2: All right, that's when the conference is. What software is

2291
02:04:28,360 --> 02:04:31,240
Speaker 2: do I use for property management? I use Tenant Cloud

2292
02:04:31,320 --> 02:04:34,600
Speaker 2: or Cozy. Do you have a property manager? Yes, I

2293
02:04:34,600 --> 02:04:38,200
Speaker 2: have a property manager. Property managers typically take six to

2294
02:04:38,200 --> 02:04:40,360
Speaker 2: ten percent of rents. So if your rents on a

2295
02:04:40,360 --> 02:04:42,640
Speaker 2: property are four thousand dollars per month, a property manager

2296
02:04:42,680 --> 02:04:44,600
Speaker 2: will take anywhere from two hundred and forty to four

2297
02:04:44,640 --> 02:04:47,160
Speaker 2: hundred dollars per month as their fee for managing that

2298
02:04:47,200 --> 02:04:51,560
Speaker 2: property for you. Okay, what if I'm self employed? Self

2299
02:04:51,560 --> 02:04:54,520
Speaker 2: employed is okay as long as you're making decent income

2300
02:04:54,600 --> 02:04:57,120
Speaker 2: in that it's consistent for those who are self employed.

2301
02:04:57,160 --> 02:04:59,240
Speaker 2: Remember I got financed from my first deal self employed.

2302
02:04:59,400 --> 02:05:01,320
Speaker 2: So for those and self employed, I encourage you to

2303
02:05:01,520 --> 02:05:05,320
Speaker 2: one start paying yourself out of your business bi weekly.

2304
02:05:05,680 --> 02:05:08,560
Speaker 2: So now you have income and your business has income.

2305
02:05:08,880 --> 02:05:11,120
Speaker 2: When you are going for financing, you'll show both of

2306
02:05:11,120 --> 02:05:13,800
Speaker 2: those to the lender, right and if as long as

2307
02:05:13,840 --> 02:05:15,680
Speaker 2: you own one hundred percent of the business, the lender

2308
02:05:15,720 --> 02:05:19,040
Speaker 2: will take that income into account, right, the business income.

2309
02:05:19,400 --> 02:05:21,960
Speaker 2: And if you are in a cash based business and

2310
02:05:22,560 --> 02:05:25,160
Speaker 2: you do a lot of write offs to avoid taxes,

2311
02:05:26,160 --> 02:05:28,800
Speaker 2: there is something called a bank statement loan, which is

2312
02:05:29,080 --> 02:05:31,280
Speaker 2: going to typically be a higher down payment and a

2313
02:05:31,360 --> 02:05:34,160
Speaker 2: higher interest rate, but it is a great option still

2314
02:05:34,240 --> 02:05:39,640
Speaker 2: if you are self employed, Okay, how can I join?

2315
02:05:39,960 --> 02:05:41,960
Speaker 2: How can I become a certified real estate agent in

2316
02:05:42,000 --> 02:05:45,520
Speaker 2: your program, so one, you have to complete the course.

2317
02:05:45,720 --> 02:05:47,560
Speaker 2: Once you complete the course, you will take a test

2318
02:05:47,920 --> 02:05:51,760
Speaker 2: and from there you can get license to serve all

2319
02:05:51,840 --> 02:05:55,160
Speaker 2: of our students in that market and benefit from the commissions.

2320
02:05:55,200 --> 02:05:58,680
Speaker 2: All because you join the community, you learn the methodology,

2321
02:05:58,840 --> 02:06:04,520
Speaker 2: and now you get to access that network. Okay, next question,

2322
02:06:04,560 --> 02:06:06,360
Speaker 2: if you're married, can you and your spouse reap the

2323
02:06:06,440 --> 02:06:08,920
Speaker 2: benefits of first time home biership if we were to

2324
02:06:08,920 --> 02:06:11,960
Speaker 2: buy separately, Melissa, It all depends on if you're in

2325
02:06:12,000 --> 02:06:15,440
Speaker 2: a community property state. If you're in a community property state.

2326
02:06:16,000 --> 02:06:18,080
Speaker 2: If you're in a community property state, that debt is

2327
02:06:18,360 --> 02:06:20,960
Speaker 2: going to be reflect on both of you. And if

2328
02:06:20,960 --> 02:06:25,680
Speaker 2: you're not, then yes, there are ways to run the play,

2329
02:06:25,720 --> 02:06:27,960
Speaker 2: but there are specific language patterns that you have to

2330
02:06:28,040 --> 02:06:29,960
Speaker 2: use the lenders in order to be able to get

2331
02:06:29,960 --> 02:06:36,160
Speaker 2: financed separately. If you are already married. Okay, Deanna, pa,

2332
02:06:36,320 --> 02:06:39,560
Speaker 2: please bring your questions over into and one. Bring your

2333
02:06:39,600 --> 02:06:42,160
Speaker 2: questions over into the Q and A function. There's seventy

2334
02:06:42,200 --> 02:06:44,160
Speaker 2: two questions there. I'm answering them in order in the

2335
02:06:44,240 --> 02:06:45,880
Speaker 2: Q and A function. You'll see Q and A at

2336
02:06:45,920 --> 02:06:49,920
Speaker 2: the bottom of your webinar screen. Okay, are you going

2337
02:06:49,960 --> 02:06:53,840
Speaker 2: to post a PowerPoint and allow access after this live zoom. Yes,

2338
02:06:54,240 --> 02:06:56,680
Speaker 2: I will post a replay up. I'll post a replay

2339
02:06:56,720 --> 02:06:58,920
Speaker 2: up so that you can see it. So if you

2340
02:06:58,960 --> 02:07:00,760
Speaker 2: want to share this with your butt to your whatnot

2341
02:07:01,360 --> 02:07:05,240
Speaker 2: before you join, you can do that. But again, we're

2342
02:07:05,280 --> 02:07:09,000
Speaker 2: only looking for one hundred people and that two forty nine.

2343
02:07:09,200 --> 02:07:11,320
Speaker 2: In fact, what I'll do is because it looks like

2344
02:07:11,320 --> 02:07:13,360
Speaker 2: we're already at twenty five people. So what I'm what

2345
02:07:13,400 --> 02:07:16,040
Speaker 2: I'll do is let me change this really quickly. I'll

2346
02:07:16,080 --> 02:07:18,280
Speaker 2: allow the two four hundred and ninety seven dollars or

2347
02:07:18,280 --> 02:07:23,480
Speaker 2: the seven pay to go until I allowed to go

2348
02:07:23,640 --> 02:07:27,760
Speaker 2: until uh midnight. So let me change this really quickly.

2349
02:07:29,520 --> 02:07:35,840
Speaker 2: One second, all right, So since we already are at

2350
02:07:35,840 --> 02:07:38,280
Speaker 2: twenty five people, I will allow the two four hundred

2351
02:07:38,280 --> 02:07:42,480
Speaker 2: and ninety seven dollars to go until midnight, so it

2352
02:07:42,520 --> 02:07:44,480
Speaker 2: won't just be the first twenty five people, it'll be

2353
02:07:44,800 --> 02:07:49,160
Speaker 2: uh until midnight, So take advantage of that before the

2354
02:07:49,240 --> 02:07:54,120
Speaker 2: clock strikes twelve. Okay, Michael, what's going on? Michael? On

2355
02:07:54,120 --> 02:07:56,080
Speaker 2: a retire bet who hasn't used my BA loan? What

2356
02:07:56,160 --> 02:08:00,000
Speaker 2: is your advice for building a four place? Michael? You

2357
02:08:00,200 --> 02:08:03,640
Speaker 2: can use two O three K loan for a new construction.

2358
02:08:03,760 --> 02:08:07,040
Speaker 2: But I honestly don't encourage you to use UH to

2359
02:08:07,080 --> 02:08:10,080
Speaker 2: try a new construction for your first purchase. Brother, I

2360
02:08:10,120 --> 02:08:12,560
Speaker 2: don't encourage you to do that for your first purchase.

2361
02:08:12,600 --> 02:08:14,320
Speaker 2: I encourage you to get your feet wet with an

2362
02:08:14,360 --> 02:08:18,920
Speaker 2: existing property and then from there, once you've built up

2363
02:08:18,960 --> 02:08:22,760
Speaker 2: equity and got to feel for it, then go into

2364
02:08:23,000 --> 02:08:26,400
Speaker 2: UH then consider new construction. That's a completely different play,

2365
02:08:26,600 --> 02:08:31,160
Speaker 2: completely different financing process. Your VA loan I do not

2366
02:08:31,280 --> 02:08:35,240
Speaker 2: think will position you for new construction, unless if you're

2367
02:08:35,360 --> 02:08:38,520
Speaker 2: leading it, if you found a builder who is doing

2368
02:08:38,600 --> 02:08:42,360
Speaker 2: a new construction. Normally builders doing new constructions for single

2369
02:08:42,400 --> 02:08:43,920
Speaker 2: company homes. I don't know if you're gonna be able

2370
02:08:43,960 --> 02:08:45,880
Speaker 2: to find a builder who's gonna be doing a new

2371
02:08:45,880 --> 02:08:49,920
Speaker 2: construction for a four plax. So that's a harder play

2372
02:08:50,040 --> 02:09:05,280
Speaker 2: to run, brother, Okay, cool, UH. Next question that's a repeat.

2373
02:09:08,080 --> 02:09:09,520
Speaker 2: If you already have a single family home, I'm not

2374
02:09:09,560 --> 02:09:12,120
Speaker 2: looking to move. What's the best way to get started? So, Raquel,

2375
02:09:12,360 --> 02:09:13,640
Speaker 2: the best way for you is going to be to

2376
02:09:13,640 --> 02:09:17,040
Speaker 2: find a small or less expensive, non sexy market where

2377
02:09:17,120 --> 02:09:19,640
Speaker 2: twenty five percent down makes sense. So for me, that

2378
02:09:19,720 --> 02:09:22,320
Speaker 2: was New Orleans, and then it became Baton Rouge. So

2379
02:09:22,360 --> 02:09:25,200
Speaker 2: in Baton Rouge, I purchased properties for twenty five thousand dollars,

2380
02:09:25,360 --> 02:09:28,040
Speaker 2: put in fifteen thousand dollars to them forty thousand in

2381
02:09:28,120 --> 02:09:31,360
Speaker 2: but they're worth sixty now and they cash flow like crazy.

2382
02:09:31,640 --> 02:09:34,920
Speaker 2: So these this is how you expand your portfolio. Your

2383
02:09:34,920 --> 02:09:36,600
Speaker 2: money does not have to work in the same city

2384
02:09:36,600 --> 02:09:39,360
Speaker 2: as you do. Right, Your money does not have to

2385
02:09:39,360 --> 02:09:42,000
Speaker 2: work in the same city as you do. Right. You

2386
02:09:42,000 --> 02:09:44,640
Speaker 2: own Amazon stock, never been to Seattle, you own Nike stock,

2387
02:09:44,720 --> 02:09:48,520
Speaker 2: never been to Oregan, Okay, So your money does not

2388
02:09:48,600 --> 02:09:49,760
Speaker 2: have to work in the same city as you do.

2389
02:09:49,800 --> 02:09:52,160
Speaker 2: And once you understand real estate at the level that

2390
02:09:52,240 --> 02:09:54,360
Speaker 2: Matt and I teach it, it actually opens up the

2391
02:09:54,480 --> 02:09:56,560
Speaker 2: entire country to you and you're not just limited by

2392
02:09:56,560 --> 02:09:59,480
Speaker 2: the city that you live in. I still see tons

2393
02:09:59,520 --> 02:10:03,280
Speaker 2: of questions coming in through chat. Please everybody use the

2394
02:10:03,360 --> 02:10:05,960
Speaker 2: Q and A function. Use the Q and A function.

2395
02:10:07,560 --> 02:10:10,200
Speaker 2: We're over one hundred questions now, so I'm going to

2396
02:10:10,200 --> 02:10:12,520
Speaker 2: continue to answer them in order. If I have not

2397
02:10:12,560 --> 02:10:15,560
Speaker 2: gotten to your question, it's not personal. There's one hundred

2398
02:10:15,640 --> 02:10:18,200
Speaker 2: questions family, I'm going through them one by one. I'm

2399
02:10:18,200 --> 02:10:21,200
Speaker 2: trying to eliminate duplicates. It is not personal if I

2400
02:10:21,200 --> 02:10:25,160
Speaker 2: have not seen your question. All right, okay, how do

2401
02:10:25,200 --> 02:10:28,200
Speaker 2: you control debt to income when using this strategy? So holden,

2402
02:10:28,280 --> 02:10:31,360
Speaker 2: that's a great question. So when you buy right using

2403
02:10:31,400 --> 02:10:33,480
Speaker 2: the criteria that Matt and I lay out for you,

2404
02:10:33,480 --> 02:10:36,160
Speaker 2: your debt to income racial should actually improve with every

2405
02:10:36,160 --> 02:10:40,080
Speaker 2: single purchase. It should get better because while you're adding

2406
02:10:40,120 --> 02:10:42,760
Speaker 2: on debt, which is going to be the mortgage, your

2407
02:10:42,840 --> 02:10:48,120
Speaker 2: income when you bought right should actually be should improve

2408
02:10:48,400 --> 02:10:51,520
Speaker 2: your debt to income ratio with every single purchase. My

2409
02:10:51,560 --> 02:10:53,400
Speaker 2: debt to income racial has gotten better and better and

2410
02:10:53,720 --> 02:10:56,920
Speaker 2: better because as my eyes get better and better and better,

2411
02:10:57,000 --> 02:11:00,200
Speaker 2: I'm finding better and better deals. So this is how

2412
02:11:00,200 --> 02:11:02,920
Speaker 2: it works. If you are buying wrong, then your debt

2413
02:11:02,920 --> 02:11:05,000
Speaker 2: to income race you will go down with every single purchase.

2414
02:11:05,360 --> 02:11:10,320
Speaker 2: All right, You're welcome holding all right? Would you encourage

2415
02:11:10,320 --> 02:11:12,520
Speaker 2: people getting an LLC before seeking the purchase in their

2416
02:11:12,520 --> 02:11:15,880
Speaker 2: own name? So Knack A VA and FAHA do not finance.

2417
02:11:16,720 --> 02:11:20,240
Speaker 2: Do not finance LLCs, They only finance individuals. I don't

2418
02:11:20,280 --> 02:11:22,480
Speaker 2: encourage you to get an LLC until you have at

2419
02:11:22,560 --> 02:11:25,400
Speaker 2: least ten doors. You can have up to ten mortgages

2420
02:11:25,480 --> 02:11:29,080
Speaker 2: in your name, in your personal name. Okay. People say, oh,

2421
02:11:29,120 --> 02:11:31,720
Speaker 2: but what about liability, this and that. Well, with a

2422
02:11:31,760 --> 02:11:34,480
Speaker 2: single member LLC, you really have no protection unless you

2423
02:11:34,520 --> 02:11:36,680
Speaker 2: know how to set it up with anonymity. So a

2424
02:11:36,720 --> 02:11:40,760
Speaker 2: single member LLC, it is easy to pierce the corporate veil, right,

2425
02:11:40,960 --> 02:11:42,760
Speaker 2: and so you're really not protected. The way you protect

2426
02:11:42,760 --> 02:11:46,880
Speaker 2: yourself and you just get insurance. Family, you just get insurance. Period,

2427
02:11:47,040 --> 02:11:49,560
Speaker 2: That's how you protect yourself. I've had somebody slipping falling

2428
02:11:49,600 --> 02:11:53,520
Speaker 2: on our property before. Insurance handles everything. Okay, So that

2429
02:11:53,640 --> 02:11:55,360
Speaker 2: is the key to protecting yourself. You don't need to

2430
02:11:55,400 --> 02:11:57,880
Speaker 2: go create all these other infrastructures at LLC for every

2431
02:11:57,920 --> 02:11:59,760
Speaker 2: single property. You don't need that yet. You're not that

2432
02:11:59,800 --> 02:12:01,120
Speaker 2: as yet we are. You're trying to get you your

2433
02:12:01,120 --> 02:12:08,000
Speaker 2: first property, all right, Peterday I answered that for self

2434
02:12:08,000 --> 02:12:18,960
Speaker 2: employed folks. Can you use FAHA if you have a purchase,

2435
02:12:19,080 --> 02:12:22,839
Speaker 2: if you have purchased a rental property in an LLC. Actually,

2436
02:12:22,840 --> 02:12:25,240
Speaker 2: if that, if that rental property purchase under the LLC

2437
02:12:25,360 --> 02:12:28,080
Speaker 2: is not showing up on your credit report, then FAHA

2438
02:12:28,480 --> 02:12:30,640
Speaker 2: or your lender will not be aware of that debt

2439
02:12:31,000 --> 02:12:33,800
Speaker 2: and you should be able to use faha, all right,

2440
02:12:37,680 --> 02:12:41,960
Speaker 2: how do you calculate capex capex is I set aside

2441
02:12:41,960 --> 02:12:43,800
Speaker 2: ten percent of rents for Capex, So rents are four

2442
02:12:43,800 --> 02:12:46,120
Speaker 2: thousand dollars. I set aside four hundred dollars every single

2443
02:12:46,160 --> 02:12:49,040
Speaker 2: month for capex. Okay, so four hundred dollars a month

2444
02:12:49,120 --> 02:12:51,960
Speaker 2: is going to a separate account to cover future roof,

2445
02:12:52,040 --> 02:12:59,320
Speaker 2: for pair, foundation, electrical plumbing, HVAC, major things. Okay, all right.

2446
02:13:01,680 --> 02:13:04,360
Speaker 2: How did the pandemic affect my portfolio? I said it

2447
02:13:04,400 --> 02:13:07,920
Speaker 2: on the Webinar Family. Half of my portfolio is section eight.

2448
02:13:08,120 --> 02:13:10,440
Speaker 2: So whether the economy is up or down, guess what

2449
02:13:10,760 --> 02:13:14,440
Speaker 2: I'm getting paid by the government. Whether the economy is

2450
02:13:14,520 --> 02:13:18,200
Speaker 2: up or down. Right, Then of my market rate tenants,

2451
02:13:18,480 --> 02:13:20,840
Speaker 2: I know how to screen them very well, so I

2452
02:13:20,960 --> 02:13:23,640
Speaker 2: choose people who are in education or in healthcare. So

2453
02:13:23,800 --> 02:13:25,560
Speaker 2: out of my thirty eight units, I only have three

2454
02:13:25,560 --> 02:13:28,120
Speaker 2: people downsize. Nobody tried to live for free off of

2455
02:13:28,160 --> 02:13:30,960
Speaker 2: me during the pandemic. Okay. I had three people downsize,

2456
02:13:31,000 --> 02:13:33,360
Speaker 2: move back home, etc. And I feel those units back.

2457
02:13:33,560 --> 02:13:36,480
Speaker 2: This is how you protect your portfolio family, is that

2458
02:13:36,560 --> 02:13:40,280
Speaker 2: you diversify it by having guaranteed programs like Section eight

2459
02:13:40,680 --> 02:13:42,800
Speaker 2: make sure that you cover your mortgages. My Section eight

2460
02:13:42,800 --> 02:13:45,880
Speaker 2: tenants cover about ninety percent of all my mortgages. So

2461
02:13:45,960 --> 02:13:48,440
Speaker 2: even if none of my market rate tenants paid during

2462
02:13:48,440 --> 02:13:50,200
Speaker 2: the pandemic, I would only have to come out of

2463
02:13:50,240 --> 02:13:53,280
Speaker 2: pocket about twelve hundred dollars to fill the gap. But

2464
02:13:53,320 --> 02:13:55,160
Speaker 2: my market rate tenants, I screened them very well. The

2465
02:13:55,200 --> 02:13:57,720
Speaker 2: first asset is the building. The second asset is who

2466
02:13:57,720 --> 02:14:00,280
Speaker 2: you allow to live in that building. Right, This is

2467
02:14:00,320 --> 02:14:02,600
Speaker 2: a real key part of the equation. Right, It's not

2468
02:14:02,640 --> 02:14:04,400
Speaker 2: just about getting the property. You actually actually know how

2469
02:14:04,440 --> 02:14:09,200
Speaker 2: to manage that property. All right. I'll tell you two

2470
02:14:09,200 --> 02:14:16,240
Speaker 2: more questions and we'll call it a night. If you're married,

2471
02:14:16,280 --> 02:14:18,080
Speaker 2: but one person is on the mortgage, you should be

2472
02:14:18,080 --> 02:14:20,680
Speaker 2: free and good to go. Right, So go see if

2473
02:14:20,720 --> 02:14:23,720
Speaker 2: you can get financed on your own. If you are

2474
02:14:23,760 --> 02:14:29,200
Speaker 2: married but only one person is on the mortgage, okay, Okay,

2475
02:14:29,240 --> 02:14:31,720
Speaker 2: Should I sell my single family to do the fourth

2476
02:14:31,720 --> 02:14:34,400
Speaker 2: three to two one strategy? Okay? It all depends. There's

2477
02:14:34,440 --> 02:14:36,000
Speaker 2: a lot of questions I would have to ask you.

2478
02:14:36,560 --> 02:14:39,440
Speaker 2: Who's in your family, do you have kids, are they

2479
02:14:39,480 --> 02:14:42,120
Speaker 2: in a great school district? How much equity is in

2480
02:14:42,120 --> 02:14:43,560
Speaker 2: your home? How much do you owe. What is your

2481
02:14:43,560 --> 02:14:46,720
Speaker 2: interest rate? What market are you in? Are you willing

2482
02:14:46,720 --> 02:14:49,840
Speaker 2: to live in a single in a multi family? Are

2483
02:14:49,880 --> 02:14:51,240
Speaker 2: you ready to run the fourth three to two to

2484
02:14:51,240 --> 02:14:54,640
Speaker 2: one play? Are you attached to that single family home?

2485
02:14:54,760 --> 02:14:58,000
Speaker 2: Is there any nostalgia to it? Are you entangled with it? Right?

2486
02:14:58,200 --> 02:15:00,680
Speaker 2: These are all kinds of questions that are are you married?

2487
02:15:01,560 --> 02:15:02,880
Speaker 2: These are the kind of questions that I would have

2488
02:15:02,960 --> 02:15:04,360
Speaker 2: to ask you in a hot seat to help you

2489
02:15:04,400 --> 02:15:07,160
Speaker 2: make the best decision for you and your family. Okay,

2490
02:15:10,080 --> 02:15:17,240
Speaker 2: cool if she said she would sell? All right? Last question,

2491
02:15:17,840 --> 02:15:20,480
Speaker 2: I'm sorry, family, that's over one hundred questions. I'm trying

2492
02:15:20,520 --> 02:15:22,160
Speaker 2: to get to as many as I can. I'm checking

2493
02:15:22,200 --> 02:15:27,240
Speaker 2: for duplicate kids, Kyrie. Yes, how do you teach how

2494
02:15:27,280 --> 02:15:29,600
Speaker 2: to buy properties in other states? I just said it.

2495
02:15:29,600 --> 02:15:31,120
Speaker 2: Your money doesn't have to work in the same city

2496
02:15:31,120 --> 02:15:32,960
Speaker 2: as you do. I bought my property in Oakland and

2497
02:15:33,000 --> 02:15:36,680
Speaker 2: in New Orleans without without being there. So when you

2498
02:15:36,760 --> 02:15:39,680
Speaker 2: know how to play the game at this level, yes,

2499
02:15:39,720 --> 02:15:43,000
Speaker 2: you can buy anywhere. I do not have any PA

2500
02:15:43,040 --> 02:15:44,960
Speaker 2: I do not have any experience in Canada. I only

2501
02:15:44,960 --> 02:15:48,640
Speaker 2: teach what I know, family and what I've done. All right,

2502
02:15:50,840 --> 02:16:03,240
Speaker 2: last question, best financial play for married couple with zero

2503
02:16:03,360 --> 02:16:06,560
Speaker 2: doors KNACK or FHA. So and you both want to

2504
02:16:06,560 --> 02:16:11,320
Speaker 2: buy separately, and the program that you go and is

2505
02:16:11,360 --> 02:16:13,360
Speaker 2: based on your income and your credit. So if you

2506
02:16:13,360 --> 02:16:16,320
Speaker 2: have high income and great credit, then you probably just

2507
02:16:16,320 --> 02:16:18,520
Speaker 2: want to go conventional. But if one of you has

2508
02:16:18,600 --> 02:16:22,360
Speaker 2: low income or high income and bad credit, you may

2509
02:16:22,400 --> 02:16:25,320
Speaker 2: want to go KNAKA. So it all depends on your

2510
02:16:25,320 --> 02:16:32,680
Speaker 2: income and your credit. All right, So, Nicole, Billy, Shanise, Anonymous, Gail, Peter,

2511
02:16:33,200 --> 02:16:38,320
Speaker 2: Christina j Kwannie Sean, I'll, Malik, I see your questions.

2512
02:16:38,840 --> 02:16:41,960
Speaker 2: There's many more devon Tamika JV. I won't be able

2513
02:16:41,959 --> 02:16:45,320
Speaker 2: to get to them tonight. I appreciate you. I hope

2514
02:16:45,360 --> 02:16:47,760
Speaker 2: I'll give you enough information to make an informed decision

2515
02:16:47,800 --> 02:16:50,880
Speaker 2: about joining the program or just buying multi fammer real estate.

2516
02:16:50,920 --> 02:16:53,680
Speaker 2: Whatever you decide, Matt and I wish you the best.

2517
02:16:53,720 --> 02:16:55,560
Speaker 2: Whatever you decide, whether you decide to join or not,

2518
02:16:55,600 --> 02:16:57,800
Speaker 2: we wish you the best. We only know one way

2519
02:16:57,840 --> 02:17:00,240
Speaker 2: to get rid of your housingpents forever, and that through

2520
02:17:00,280 --> 02:17:04,000
Speaker 2: multi family real estate. It's March thirtieth. Rent is due

2521
02:17:04,120 --> 02:17:06,320
Speaker 2: on April first, and it's going to continue to be

2522
02:17:06,360 --> 02:17:08,879
Speaker 2: doe every thirty days until you do something different. And

2523
02:17:09,040 --> 02:17:11,320
Speaker 2: so since this is the only pathway we know to

2524
02:17:11,320 --> 02:17:13,440
Speaker 2: get rid of your housing expense, we love to guide

2525
02:17:13,440 --> 02:17:16,840
Speaker 2: you on the pathway of the above ground railroad to

2526
02:17:16,840 --> 02:17:19,840
Speaker 2: rent mortgage freedom. So with that on behalf of Matt,

2527
02:17:19,879 --> 02:17:21,800
Speaker 2: my brother, Matt, and I we want to say thank

2528
02:17:21,840 --> 02:17:24,720
Speaker 2: you so much for showing up. You didn't show up

2529
02:17:24,760 --> 02:17:27,640
Speaker 2: for us, You showed up for yourself, your financial future,

2530
02:17:27,680 --> 02:17:30,160
Speaker 2: and for your last name. And we would love for

2531
02:17:30,200 --> 02:17:32,080
Speaker 2: you to give us permission to guide you and to

2532
02:17:32,200 --> 02:17:34,800
Speaker 2: lead you to rent mort your freedom through the above

2533
02:17:34,800 --> 02:17:37,680
Speaker 2: ground railroad by acquiring your first multi family home or

2534
02:17:37,720 --> 02:17:40,480
Speaker 2: your second, or your third, fourth, fifth, sixth, until you

2535
02:17:40,520 --> 02:17:44,600
Speaker 2: have an entire portfolio. All right, Yes, the list of

2536
02:17:44,600 --> 02:17:47,840
Speaker 2: down payment assistant programs will be sent out via email tomorrow,

2537
02:17:47,959 --> 02:17:49,640
Speaker 2: so keep an eye out on your email off for

2538
02:17:49,720 --> 02:17:54,320
Speaker 2: that and for the replay. This opportunity ends on Saturday

2539
02:17:54,560 --> 02:17:58,720
Speaker 2: at midnight Eastern Standard time. Check the timer on the

2540
02:17:58,760 --> 02:18:03,040
Speaker 2: page and also check the pricing. The pricing. I'll talk

2541
02:18:03,080 --> 02:18:05,080
Speaker 2: to Matt to see if he wants to keep the

2542
02:18:05,080 --> 02:18:07,640
Speaker 2: pricing at twy four hundred and ninety seven dollars. If not,

2543
02:18:08,000 --> 02:18:10,320
Speaker 2: it will go up to twy nine hundred and ninety

2544
02:18:10,320 --> 02:18:14,240
Speaker 2: seven dollars at midnight tonight. So I'm gonna connect with

2545
02:18:14,320 --> 02:18:16,840
Speaker 2: him on tomorrow and see if we are going to

2546
02:18:16,959 --> 02:18:18,640
Speaker 2: keep that price as it is or it's going to

2547
02:18:18,680 --> 02:18:21,880
Speaker 2: go back to the original price. All right, appreciate you,

2548
02:18:22,160 --> 02:18:24,600
Speaker 2: love you, wish you all the best on your journeys,

2549
02:18:24,760 --> 02:18:26,520
Speaker 2: and have a good one. Peace.

2550
02:18:40,280 --> 02:18:44,160
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