WEBVTT - Study Hall: Multi Family Financing with Julien Gordon & MG The Mortgage Guy 0:00:00.400 --> 0:00:04.280 You just realized your business needed to hire someone yesterday. 0:00:04.800 --> 0:00:09.000 How can you find amazing candidates fast? Easy? Just use 0:00:09.080 --> 0:00:12.360 Indeed stop struggling to get your job posts seen on 0:00:12.480 --> 0:00:16.360 other job sites. With Indeed sponsored jobs, your post jumps 0:00:16.400 --> 0:00:18.720 to the top of the page for your relevant candidates, 0:00:18.960 --> 0:00:22.000 so you can reach the people you want faster. According 0:00:22.040 --> 0:00:25.680 to Indeed data, sponsored jobs posted directly on Indeed have 0:00:25.800 --> 0:00:29.840 forty five percent more applications than non sponsored jobs. Don't 0:00:29.840 --> 0:00:33.519 wait any longer. Speed up your hiring right now with Indeed, 0:00:33.960 --> 0:00:36.200 and listeners of this show will get a seventy five 0:00:36.280 --> 0:00:39.440 dollars sponsored job credit to get your jobs more visibility 0:00:39.600 --> 0:00:45.320 at indeed dot com slash pod Katz thirteen. Just go 0:00:45.360 --> 0:00:50.120 to Indeed dot com slash pod katz thirteen right now 0:00:50.479 --> 0:00:53.040 and support our show by saying you heard about Indeed 0:00:53.080 --> 0:00:57.400 on this podcast. Terms and conditions apply. Hiring Indeed is 0:00:57.440 --> 0:00:58.040 all you need. 0:00:58.760 --> 0:01:04.280 Right all right? What's up everybody? I hope you're well. 0:01:07.600 --> 0:01:10.000 How you doing? How you doing? See folks coming on in? 0:01:10.840 --> 0:01:20.560 What's good? Welcome, Welcome, I see you. Adrian, A couple 0:01:20.520 --> 0:01:29.720 of Adrians, Amber Anissa and Aki, Raim Barry, Beatrice, Brian 0:01:30.080 --> 0:01:40.080 Bridget Katanya, Selene, Charles, Christopher, Courtney, three Courtneys, Damian Daniel, 0:01:40.560 --> 0:01:45.720 Darlene Devon. Then zel didn't zel Winfrey. Oh that's a 0:01:45.720 --> 0:01:50.120 powerful name. That's a powerful name, right there, didn't zel Winfrey? 0:01:50.680 --> 0:01:53.280 What's good? What's good? What's good? Everybody? I hope you're well. 0:01:53.520 --> 0:01:56.560 So happy to have you here for the webinar with 0:01:56.720 --> 0:01:59.640 Matt and I on the six best ways to finance 0:01:59.720 --> 0:02:02.520 multi real estate and scale your portfolio. For those who 0:02:02.520 --> 0:02:05.280 don't know, my name is Julian Gordon, aka Miss Multifamily, 0:02:05.600 --> 0:02:08.920 and I'm just happy to have you here. You know, 0:02:08.960 --> 0:02:11.280 we're in interesting times in this real estate market, and 0:02:11.280 --> 0:02:12.919 we will to make sure that you can continue to 0:02:12.960 --> 0:02:17.079 buy real estate despite what you're hearing externally in terms 0:02:17.120 --> 0:02:18.840 of the news and the media, what you're seeing with 0:02:18.919 --> 0:02:21.359 interest rates and things of that nature. So just happy 0:02:21.400 --> 0:02:24.239 that you're here in chat. Please let me know what 0:02:24.320 --> 0:02:27.079 how many doors do you have right now? How many 0:02:27.120 --> 0:02:30.799 doors do you have right now? Maryland said three, Patty 0:02:30.800 --> 0:02:35.600 said two, Dexter thirteen, Yes, Omar two, got a duplex, 0:02:36.200 --> 0:02:41.360 Jay one, Marlene one, Jay Young three, Mercedes zero, Terry two, 0:02:41.880 --> 0:02:45.120 Jay two, Christy two, Jada two. So a lot of 0:02:45.200 --> 0:02:49.079 duplexes in the building. That's all right, some zeros, that's okay, 0:02:49.760 --> 0:02:54.040 all right. So we're gonna cover different financing strategies for everybody, 0:02:54.200 --> 0:02:57.760 all right. So Matt is gonna be here in just 0:02:57.800 --> 0:02:59.360 a second. What I'm gonna do is I'm gonna get 0:02:59.360 --> 0:03:01.000 started with our reduction so that as soon as he 0:03:01.040 --> 0:03:02.720 jumps in, we can get into the meat of it. 0:03:02.960 --> 0:03:05.000 So give me a second while I share my screen. 0:03:06.560 --> 0:03:13.600 The second while I share my screen, all right? And 0:03:13.680 --> 0:03:16.000 also in chat, let me know what market are you in? 0:03:16.120 --> 0:03:18.480 Right now? What market are you in? Give me cities 0:03:18.560 --> 0:03:20.720 or counties. Don't give me states, give me cities or counties. 0:03:21.440 --> 0:03:22.640 What market are you in? 0:03:24.800 --> 0:03:25.120 Sure? 0:03:29.000 --> 0:03:32.919 So where did the chat go? All right? So where 0:03:32.919 --> 0:03:36.800 we got people from San Jose, Boston, Lake Charles, Louisiana, 0:03:37.280 --> 0:03:43.080 Love Louisiana, Charlotte, Prince George's County, Brooklyn, Union County, Tampa, 0:03:43.200 --> 0:03:47.840 Newcastle County, Las Vegas, Austin at aliens in the building, 0:03:47.880 --> 0:03:52.520 I see a Courtney, Inglewood, Long Beach or Oakland, Broward County, 0:03:52.560 --> 0:03:57.960 and Florida Atlanta to Los Angeles. Cool. So we got 0:03:57.960 --> 0:04:01.840 people from all over they cut this is good, all right, 0:04:01.920 --> 0:04:04.720 beautiful so let me get the introduction of the way 0:04:04.720 --> 0:04:06.800 for those of you who came in late. Matthew is 0:04:06.840 --> 0:04:09.720 on his way. He is headed up to his hotel room. 0:04:10.000 --> 0:04:12.000 He has some traveling delays, but I'm gonna get us 0:04:12.000 --> 0:04:14.480 started and he'll be here on time for us to 0:04:14.520 --> 0:04:18.039 go through the meat of the presentation. And so for 0:04:18.080 --> 0:04:20.360 those of you who don't know, my name is Julian Gordon, 0:04:20.400 --> 0:04:24.720 aka Mister Multifamily, and I've built the multifamily movement over 0:04:24.720 --> 0:04:27.799 two hundred and ninety two closings on about ninety million 0:04:27.839 --> 0:04:30.279 dollars worth of real estate in the multi family movement. 0:04:30.320 --> 0:04:32.120 At this moment in time, I don't know anybody who's 0:04:32.120 --> 0:04:35.200 helped more people close a multifamily homes than myself. And 0:04:35.240 --> 0:04:37.839 so I'm so grateful to be in this role and 0:04:37.880 --> 0:04:40.640 for this to be my God given purpose. Now, this 0:04:40.640 --> 0:04:44.800 would not be possible without partnership with people like Matt. Matt, 0:04:44.839 --> 0:04:47.320 as you know, is MG the Mortgage Guy. I actually 0:04:47.320 --> 0:04:50.680 called him MG the mortgage God because of his ability 0:04:50.760 --> 0:04:54.680 to understand multifamily real estate financing and get many of 0:04:54.720 --> 0:04:57.560 our students across the finish line. And so Matt and 0:04:57.640 --> 0:05:01.960 I have strengthened this partnership to make sure that we 0:05:02.000 --> 0:05:04.839 can help three hundred people close in twenty twenty two, 0:05:05.000 --> 0:05:07.440 and we're well underway on that now. I was doing 0:05:07.440 --> 0:05:13.320 some history and some research, and there was Harriet Tubman, 0:05:13.400 --> 0:05:14.920 right who we know is a number one conductor on 0:05:14.960 --> 0:05:18.560 the underground railroad, and she freed folks. But Harry Tubman 0:05:18.600 --> 0:05:21.760 was also financed by a man named William Steel, and 0:05:21.960 --> 0:05:25.239 he financed many of her trips. She also worked during 0:05:25.279 --> 0:05:29.839 the summers to save up to actually do her trips. 0:05:29.880 --> 0:05:32.000 She made nineteen trip, build a Mason Dixon line and 0:05:32.080 --> 0:05:34.360 free three hundred people. So that's why that is our 0:05:34.360 --> 0:05:36.480 focus for this year, is to try to free three 0:05:36.560 --> 0:05:39.160 hundred people. And so Matt is on that side of 0:05:39.200 --> 0:05:41.520 the equation, and I'm on this side of the equation. 0:05:41.880 --> 0:05:44.239 I am the number one conductor on the above ground railroad, 0:05:44.279 --> 0:05:47.120 which is multi family real estate. It is the pathway 0:05:47.160 --> 0:05:49.360 to freedom in today's world. For those of you who 0:05:49.400 --> 0:05:52.159 don't know, you may think that slavery is over, but 0:05:52.200 --> 0:05:55.599 it has not ended. OK. We are engaged in what 0:05:55.640 --> 0:05:59.120 I call modern day slavery. Slavery has adapted. It is 0:05:59.160 --> 0:06:02.600 no longer physical change. It is now mental and monetary. 0:06:02.720 --> 0:06:06.159 Slavery is now mental and monetary, all right, now, real 0:06:06.240 --> 0:06:08.839 quick history lesson? Where did Harriet Tubman take people in 0:06:08.880 --> 0:06:11.560 the middle of the night when she was seeking your freedom? 0:06:11.680 --> 0:06:13.280 Where does she hide them in the middle of the night? 0:06:13.400 --> 0:06:17.560 Anybody know where did Harriet Tubman hide folks in the 0:06:17.560 --> 0:06:23.480 middle of the night? Quick history lesson? She usually did 0:06:23.480 --> 0:06:25.240 her trips in the winter. So yes, they had to 0:06:25.240 --> 0:06:26.760 go through rivers, but they didn't stand in the river. 0:06:27.520 --> 0:06:31.279 The jay Lou said it and other people's homes. These 0:06:31.279 --> 0:06:35.720 were called safe houses. These were called safe houses. So 0:06:35.720 --> 0:06:37.400 do you realize that real estate has been part of 0:06:37.400 --> 0:06:40.520 your journey to freedom since day one? Real estate has 0:06:40.560 --> 0:06:42.680 been part of your journey to freedom since day one? 0:06:43.120 --> 0:06:45.520 And so multi family real estate is what we call 0:06:45.560 --> 0:06:47.839 the above ground railroad. It is the pathway to freedom. 0:06:48.240 --> 0:06:51.120 But until you understand multi family financing, you'll think that 0:06:51.200 --> 0:06:54.280 multi family homes and building an entire portfolio is out 0:06:54.320 --> 0:06:56.560 of reach. And so really quickly, I need everybody to 0:06:56.600 --> 0:07:01.560 type portfolio. I need everybody to type portfolio. Everybody go 0:07:01.600 --> 0:07:05.280 ahead and type portfolio. Portfolios. Some people like I don't 0:07:05.279 --> 0:07:08.599 even know what spell portfolio. No, I need you to 0:07:08.640 --> 0:07:13.720 type portfolio. Okay, the reason I'm having you type portfolio 0:07:13.800 --> 0:07:15.120 is because I want you to get out of the 0:07:15.160 --> 0:07:19.040 mindset of just having one property, right. I need you 0:07:19.080 --> 0:07:21.200 to get out of the idea in the American dream. Oh, 0:07:21.240 --> 0:07:23.240 I just want to have a house. I just want 0:07:23.240 --> 0:07:26.000 to have a house, right, And we'll cover that later on. 0:07:26.600 --> 0:07:29.920 We want you to get into a portfolio mindset, and 0:07:29.960 --> 0:07:32.880 that's what this particular webinar is really about. You saw 0:07:33.040 --> 0:07:35.640 some people who have zero doors at this moment in time, 0:07:35.720 --> 0:07:38.560 so they're still renting. You see people who have a 0:07:38.600 --> 0:07:40.640 single family home. You see some people with their first 0:07:40.720 --> 0:07:45.120 duplex and I think our highest was thirteen doors so 0:07:45.280 --> 0:07:47.920 far on this webinar. And so as you continue to 0:07:47.960 --> 0:07:50.840 scale your portfolio, there becomes some challenges and you have 0:07:50.880 --> 0:07:53.520 to find different financing strategies. And that's what this webinar 0:07:53.720 --> 0:07:57.080 is really all about. Now, Matt and I have helped 0:07:57.280 --> 0:07:59.880 many people close together, and the two hundred and ninety 0:07:59.880 --> 0:08:02.640 two closed in the multi family movement, he is responsible 0:08:02.640 --> 0:08:05.120 for about half of them. These are some of the 0:08:05.160 --> 0:08:08.200 people who we together have helped close. I've educated them, 0:08:08.240 --> 0:08:11.240 I've talked him how to finance, how to finance, find 0:08:11.280 --> 0:08:13.480 and finalize the deal, and then Matt was the one 0:08:13.480 --> 0:08:16.760 who actually brought the financing to the table after evaluating 0:08:16.760 --> 0:08:19.200 their financing folders and understanding the play that they were 0:08:19.200 --> 0:08:21.520 seeking to run. So this is Novacane who closed in 0:08:21.560 --> 0:08:25.000 South Carolina. This is Natalie closed and I believe Connecticut. 0:08:25.560 --> 0:08:30.480 This is Sandy Sandy Chenties closed in Cypress Hills, Brooklyn, 0:08:30.520 --> 0:08:32.520 New York. So a lot of people are like, oh, Julian, 0:08:32.600 --> 0:08:34.880 this doesn't work in expensive markets. I live in Brooklyn, 0:08:34.920 --> 0:08:37.520 I live in the Bay Area, I live in Los Angeles. Well, 0:08:37.520 --> 0:08:40.720 we have students who have closed in those exact places. 0:08:41.880 --> 0:08:45.640 Daffy closed in Albany, Georgia. He actually just closed on 0:08:45.679 --> 0:08:50.160 another one recently as well. You see Mitchell and Brianna 0:08:50.720 --> 0:08:55.120 Brene who closed on properties with Matt and I teaming up. 0:08:55.640 --> 0:09:00.360 You see Afea and Linda Linda, who have also close 0:09:01.000 --> 0:09:03.520 based on the work that Matt and I do. And 0:09:03.600 --> 0:09:06.960 so we are a team. And this is why we're 0:09:06.960 --> 0:09:10.280 bringing this information to you because we have a specific goal. Now, 0:09:10.400 --> 0:09:11.880 for those of you who don't know me and just 0:09:11.920 --> 0:09:15.000 want to test our credibility, this is my actual real 0:09:15.080 --> 0:09:18.440 estate portfolio. These are the properties that I actually control. 0:09:18.559 --> 0:09:22.240 At this moment in time, I currently control about thirty 0:09:22.240 --> 0:09:25.360 eight doors all across the country in four different markets 0:09:25.840 --> 0:09:30.720 in New York, Oakland, Oakland, New Orleans, Baton, Rouge, and 0:09:30.760 --> 0:09:34.679 I also control properties in Atlanta, Georgia that you don't 0:09:34.720 --> 0:09:39.280 see here. And so this is my actual personal portfolio. 0:09:39.360 --> 0:09:42.600 But in addition to my personal portfolio, I actually have 0:09:43.320 --> 0:09:47.480 more properties in that I am a managing partner and 0:09:47.559 --> 0:09:49.880 a real estate fund, and I'm also a lead investor 0:09:50.120 --> 0:09:52.880 in several real estate funds, Black owned real estate funds, 0:09:53.040 --> 0:09:56.000 And so when you add up my percentage share of 0:09:56.160 --> 0:09:59.880 those portfolios as well, I'm more around eighty doors than 0:09:59.880 --> 0:10:02.319 i i am at forty. So forty is my personal 0:10:02.679 --> 0:10:06.200 thirty eight is my personal portfolio. And when you add 0:10:06.200 --> 0:10:10.800 in my percentage share of other funds, that is almost double. 0:10:11.080 --> 0:10:13.400 So this is the work that I do. And my 0:10:13.480 --> 0:10:16.480 journey only started in May of twenty thirteen when I 0:10:16.480 --> 0:10:19.400 bought that first property in Brooklyn, New York, right here 0:10:19.440 --> 0:10:21.720 in the upper left. And since that moment in time, 0:10:21.760 --> 0:10:24.439 I've not paid a housing expense. I've not paid a 0:10:24.480 --> 0:10:28.200 mortgage since May of twenty thirteen, family, I've not paid 0:10:28.200 --> 0:10:31.880 a house and expense since May of twenty thirteen. Not rent, 0:10:32.080 --> 0:10:35.040 not principle, not interest, not taxes, not insurance, not capex, 0:10:35.080 --> 0:10:38.240 not repairs, are or vacancy rate. Imagine what would happen 0:10:38.320 --> 0:10:40.079 for you if you no longer had a housing expense 0:10:40.120 --> 0:10:42.680 for the rest of your life. Your housing expense is 0:10:42.720 --> 0:10:44.480 literally going to be the biggest expense that you have 0:10:44.600 --> 0:10:46.400 in your entire life. And if we can just get 0:10:46.480 --> 0:10:48.720 rid of that one single thing, if we can get 0:10:48.800 --> 0:10:51.000 rid of that one single thing, it will ensure that 0:10:51.080 --> 0:10:55.720 you create regenerational wealth, not just generational wealth. Generational wealth 0:10:55.800 --> 0:10:58.040 is only handed down from one generation to the next, 0:10:58.200 --> 0:11:02.000 and usually the next generation fumble, okay. But regenerational wealth 0:11:02.040 --> 0:11:04.560 is when you leave on cash flowing assets to the 0:11:04.600 --> 0:11:07.480 next generation. And this is what I've been able to 0:11:07.480 --> 0:11:09.920 do in less than a decade. So when it comes 0:11:09.960 --> 0:11:11.839 to real estate, this is not a get rich quick ski, 0:11:12.440 --> 0:11:14.599 this is not a get rich quicks team. This is 0:11:14.640 --> 0:11:17.600 a get rich guaranteed system over time. It is the 0:11:17.600 --> 0:11:20.560 most proven business model ever. I cannot guarantee you that 0:11:20.600 --> 0:11:22.280 Amazon will be here one hundred years from now. I 0:11:22.280 --> 0:11:25.200 cannot guarantee you that Apple or Tesla will be around 0:11:25.240 --> 0:11:27.760 one hundred years from now, right, But I can't guarantee 0:11:27.800 --> 0:11:29.040 you that as long as there are human beings on 0:11:29.080 --> 0:11:31.720 the face of this planet, then guess what, multifamily real 0:11:31.840 --> 0:11:33.840 estate will still be here and it will be as 0:11:33.960 --> 0:11:37.480 valuable as ever. Okay. And so this is what we 0:11:37.640 --> 0:11:40.800 are teaching you, is how to acquire this real estate, 0:11:41.400 --> 0:11:44.440 especially in the midst of the market that we are in, 0:11:44.640 --> 0:11:46.760 so that you can get in the game and not 0:11:46.880 --> 0:11:49.439 let the news and the media stop you from actually 0:11:49.960 --> 0:11:53.720 from actually understanding how to run these plays. All right, 0:11:54.160 --> 0:12:00.800 So okay, cool. So with that, our and why Matt 0:12:00.800 --> 0:12:03.120 and I decided to team up is that we know 0:12:03.240 --> 0:12:05.720 that there's a growing gap between the rich and the poor. 0:12:05.840 --> 0:12:07.840 It used to be right that if you went to 0:12:07.840 --> 0:12:09.600 the right schools, you got the right job, you met 0:12:09.640 --> 0:12:11.680 the right people, you can get from one side to 0:12:11.720 --> 0:12:13.920 the other. But we know that that gap between the 0:12:13.960 --> 0:12:17.320 rich and the poor is growing wider and wider and wider. Family, 0:12:18.200 --> 0:12:19.760 and soon it's going to get to a point where 0:12:19.800 --> 0:12:22.000 no matter what you do, no matter how many degrees 0:12:22.120 --> 0:12:24.520 you have, no matter how hard you work, no matter 0:12:24.559 --> 0:12:26.760 how much active income you make, it's going to be 0:12:26.800 --> 0:12:28.880 almost impossible for you to get from one side to 0:12:28.920 --> 0:12:32.840 the other. Okay, unless you have assets, cash flowing assets 0:12:32.920 --> 0:12:34.960 that ensure that you and your last name are on 0:12:35.000 --> 0:12:37.160 the right side of this equation. Because even if you 0:12:37.200 --> 0:12:40.280 have high active income, if you're mortgaging, your cost of 0:12:40.320 --> 0:12:43.360 living continues to rise due to inflation, just like gas 0:12:43.400 --> 0:12:45.760 prices and things of that nature. Then guess what, You're 0:12:45.800 --> 0:12:48.040 still stuck in the rat race. You're just stuck in 0:12:48.040 --> 0:12:51.080 the rat race at a higher demand. Now your cost 0:12:51.080 --> 0:12:53.400 of living is ten thousand dollars a month, right, and 0:12:53.440 --> 0:12:55.480 if your cost of living is now ten thousand dollars 0:12:55.559 --> 0:12:57.439 a month, which is one hundred and twenty per year, 0:12:57.760 --> 0:13:00.400 then you making one hundred and eighty thousand dollars per 0:13:00.480 --> 0:13:04.040 year after taxes are still not free. You're just enslaved 0:13:04.080 --> 0:13:09.320 at a higher level. You're enslaved at a higher level. Okay, 0:13:09.679 --> 0:13:12.840 So this is not about active income. That is the 0:13:12.880 --> 0:13:15.840 secret the game. You've been taught to paper chase. But 0:13:15.880 --> 0:13:18.400 this game is not about active income. The person who 0:13:18.400 --> 0:13:20.760 has the greatest amount of passive income is who wins 0:13:20.760 --> 0:13:24.200 the game. And in just a matter of eight years, 0:13:24.360 --> 0:13:26.840 I've been able to build one hundred and eighty thousand 0:13:26.840 --> 0:13:30.800 dollars in passive income through real estate alone, just my 0:13:30.880 --> 0:13:33.840 real estate business alone. So collectively, if you look at 0:13:33.840 --> 0:13:37.079 my portfolio, I collect about thirty seven thousand dollars per 0:13:37.120 --> 0:13:39.400 month in rents. I do not keep all thirty seven 0:13:39.480 --> 0:13:42.640 thousand dollars, Okay, sixty percent of that goes to principal 0:13:42.960 --> 0:13:46.640 interest taxes, insurance, CAFEX, or prayers of in vacancy rates. 0:13:46.640 --> 0:13:48.959 So that leads me with about forty percent. Forty percent 0:13:48.960 --> 0:13:51.640 of thirty seven thousand dollars is about fifteen thousand dollars 0:13:51.679 --> 0:13:55.120 per month. Fifteen thousand dollars per month times twelve months 0:13:55.200 --> 0:13:57.560 is one hundred and eighty thousand dollars per year in 0:13:57.679 --> 0:14:01.200 passive income that I built an eight years, Okay, that 0:14:01.280 --> 0:14:05.559 will last forever. Some of you on the corporate plantation 0:14:05.640 --> 0:14:08.079 and in the rat race will never even achieve that 0:14:08.280 --> 0:14:12.679 with active income because you've been trading time for money, 0:14:12.720 --> 0:14:14.640 and you have to get out of that cycle if 0:14:14.640 --> 0:14:17.079 you want to be free, if you want to be wealthy. 0:14:17.880 --> 0:14:22.400 I will never trade a high active income for passive 0:14:22.440 --> 0:14:26.040 income because anybody with a high active income ultimately wants 0:14:26.080 --> 0:14:30.800 to get free by creating passive income streams. So you 0:14:31.200 --> 0:14:33.720 have to work for money. That's your first job. But 0:14:33.800 --> 0:14:36.080 your second job is to make money work for you. 0:14:36.840 --> 0:14:39.200 And many of you are failing right now. And I 0:14:39.240 --> 0:14:41.240 don't say this to put you down, but many of 0:14:41.320 --> 0:14:44.240 us are failing simply because we weren't taught right, simply 0:14:44.320 --> 0:14:46.680 because we weren't taught how to make money work for us. 0:14:46.960 --> 0:14:48.840 And once your money is working harder for you than 0:14:48.880 --> 0:14:51.520 you work for it, at that point you can get free. 0:14:52.960 --> 0:14:56.200 I got to full financial freedom when I acquired when 0:14:56.200 --> 0:14:59.280 I got up to this property right here. Okay, I 0:14:59.320 --> 0:15:02.400 had about ten indoors at that time, and that is 0:15:02.440 --> 0:15:05.440 when I achieve full financial freedom. You do not need 0:15:05.520 --> 0:15:08.600 millions of dollars in a bank account to achieve full freedom. 0:15:08.960 --> 0:15:12.320 Full freedom is when your passive income is greater than 0:15:12.360 --> 0:15:16.480 your cost of living period. And so if each rental door, 0:15:16.520 --> 0:15:19.200 if I had ten rental doors right and they were 0:15:19.200 --> 0:15:21.840 each producing four hundred dollars per month in cash flow, 0:15:22.160 --> 0:15:24.960 right after principal interest, taxes, insurance capecks, or prayers of 0:15:25.000 --> 0:15:27.440 registrate in terms of that's the money that I collected. 0:15:27.560 --> 0:15:30.440 That's four thousand dollars a month. And if my cost 0:15:30.440 --> 0:15:32.520 of living was not four thousand dollars a month. Then 0:15:32.520 --> 0:15:36.280 guess what, I'm fully financially free simply because I created 0:15:36.320 --> 0:15:40.560 four thousand dollars a month in positive cash flow and 0:15:40.640 --> 0:15:44.160 passive income. Right. So this is some of the mindset 0:15:44.200 --> 0:15:46.200 that you have to break in order to understand the 0:15:46.240 --> 0:15:49.040 most direct path to freedom is not getting the highest 0:15:49.040 --> 0:15:51.520 active income and just having a pile of money sitting 0:15:51.560 --> 0:15:54.640 in a bank account. The fastest path to freedom is 0:15:54.640 --> 0:15:58.000 actually to grow your passive income month by month by month, 0:15:58.640 --> 0:16:03.360 year by year by year, acquire a property every single year. Okay, 0:16:04.000 --> 0:16:08.360 are y'all capturing this? Are y'all with me? Are y'all understanding? Okay, 0:16:08.800 --> 0:16:12.440 So with Matt and I, we are trying to close 0:16:12.520 --> 0:16:15.000 the wealth gap. Literally, we are trying to close the 0:16:15.040 --> 0:16:17.240 wealth gap. We know that the world's wealth these people 0:16:17.320 --> 0:16:20.160 all have real estate in their portfolio. Okay. Of course, 0:16:20.200 --> 0:16:23.240 eyl Or, your leisure is teaching you all the different 0:16:23.280 --> 0:16:25.480 methods to build wealth, but we know the one that 0:16:25.560 --> 0:16:28.200 is core and is staple in order to build wealth 0:16:28.240 --> 0:16:30.440 is real estate. And so we are closing the wealth 0:16:30.440 --> 0:16:33.200 gap one brick at a time, one brick at a time. 0:16:33.560 --> 0:16:37.520 Through through how we've teamed up on the education and 0:16:37.560 --> 0:16:40.360 the execution piece. All right, So these are some of 0:16:40.360 --> 0:16:43.040 our students who have closed all across the country on 0:16:43.400 --> 0:16:47.560 multifamily real estate. And like I said before, you were 0:16:47.600 --> 0:16:51.680 now rocking with the best, you are literally now rocking 0:16:51.920 --> 0:16:55.800 with the best. There's nobody that I know of that 0:16:55.880 --> 0:16:59.200 has helped more people close on multifamily real estate than myself. 0:17:00.520 --> 0:17:02.640 There's no other individual that I know of in the 0:17:02.640 --> 0:17:05.879 country that has helped more people close on multifamily real 0:17:06.000 --> 0:17:08.919 estate than myself. And I say that humbly. If you 0:17:09.000 --> 0:17:11.200 know of somebody who has helped more people close on 0:17:11.280 --> 0:17:13.480 multi family real estate than myself, and please let me know. 0:17:13.720 --> 0:17:16.360 But at this moment in time, the multifamily movement has 0:17:16.359 --> 0:17:18.840 helped two hundred and ninety two people close on their 0:17:18.840 --> 0:17:21.080 first multifamily home, and their second, and the third and 0:17:21.119 --> 0:17:25.439 their fourth. In fact, one person has eight properties. Okay, 0:17:26.040 --> 0:17:29.440 that's eighty seven million dollars worth of real estate acquired. 0:17:29.680 --> 0:17:34.280 That's ten million dollars in positive in revenues rental revenues 0:17:34.320 --> 0:17:37.600 every single year, and about three million dollars in positive 0:17:37.720 --> 0:17:41.760 cash flow that will be in these families' names forever. Okay. 0:17:42.240 --> 0:17:44.520 And we're just getting started. And so we want you 0:17:44.560 --> 0:17:46.400 to be part of that. And Matt and I are 0:17:46.400 --> 0:17:48.880 trying to accelerate that process because we know how important 0:17:48.920 --> 0:17:54.159 it is. Because guess what, what's today's date. What's today's date, family, 0:17:55.960 --> 0:17:59.760 Today's date is the thirtieth, and in two days rent 0:17:59.800 --> 0:18:03.840 is do Rent is due, and rent is going to 0:18:03.880 --> 0:18:06.840 continue to be due until you do something about it. 0:18:08.080 --> 0:18:11.639 There's no way to shake it. There's only three ways 0:18:11.760 --> 0:18:13.600 to get rid of your house and expense forever. Does 0:18:13.600 --> 0:18:17.919 anybody know what they are? You can live in a tent, okay, 0:18:18.400 --> 0:18:20.720 you can go to jail, or you can buy multi 0:18:20.720 --> 0:18:23.240 family real estate. Those are the only three ways to 0:18:23.280 --> 0:18:25.640 get rid of your house and expense forever. Marlene said 0:18:25.640 --> 0:18:28.040 to die, well, when you die, guess what you still 0:18:28.040 --> 0:18:30.160 have to pay for? You still have to pay for 0:18:31.760 --> 0:18:34.520 a funeral plot. And a funeral plot is what it's 0:18:34.560 --> 0:18:38.119 real estate. Even if you die, you still have to 0:18:38.119 --> 0:18:40.880 pay for real estate. The only way that I found 0:18:40.960 --> 0:18:44.040 to get rid of your housing expense forever is to 0:18:44.119 --> 0:18:48.400 actually acquire multifamily real estate. And so that is the focus, 0:18:48.560 --> 0:18:51.720 all right, So we're going to focus on some down 0:18:51.720 --> 0:18:53.879 payment programs that don't require you to put twenty five 0:18:53.920 --> 0:18:56.280 percent down. We're going to focus on deal flow. We're 0:18:56.320 --> 0:18:59.440 going to focus on deal analysis, right, but most importantly, 0:18:59.440 --> 0:19:01.879 we're going to show you you sick strategies that you 0:19:01.880 --> 0:19:04.240 can use to get financed. This is what blocks people. 0:19:04.440 --> 0:19:09.000 Many people don't feel like they they feel like money 0:19:09.080 --> 0:19:12.040 is the biggest issue when it comes to acquiring real estate, 0:19:12.080 --> 0:19:15.879 and it's not. Money is not the biggest issue the fuck. 0:19:16.080 --> 0:19:20.640 Finding the deal is harder than finding the money. Finding 0:19:20.720 --> 0:19:25.280 the deal is harder than finding the money. But if 0:19:25.280 --> 0:19:28.720 you don't understand how financing on multi famming real estate works, 0:19:28.800 --> 0:19:31.159 then you'll think that money is the biggest issue, and 0:19:31.200 --> 0:19:34.080 it's not. For those of you with poor credit scores, 0:19:34.119 --> 0:19:36.280 guess what, there's a ways around that. For those of 0:19:36.280 --> 0:19:38.320 you who don't have a huge savings guess what, there's 0:19:38.359 --> 0:19:42.080 ways around that. What you cannot avoid is the work 0:19:42.080 --> 0:19:45.119 that is required to find a great deal. But the 0:19:45.160 --> 0:19:47.440 money is available, and the reason the money is available 0:19:47.480 --> 0:19:52.359 is because real estate is a physical, tangible asset. The 0:19:52.400 --> 0:19:54.560 bank is not going to finance you three hundred or 0:19:54.600 --> 0:19:58.000 five hundred thousand or a million dollars for your ten 0:19:58.040 --> 0:20:01.480 page business plan and you haven't sold products, but they 0:20:01.520 --> 0:20:05.359 will finance you for some brick and mortar because they 0:20:05.400 --> 0:20:07.919 know that if you ever fail to make that mortgage payment, 0:20:08.240 --> 0:20:11.240 then they can actually reclaim that property for close on it, 0:20:11.320 --> 0:20:13.879 take it back, being that they're in first lean position, 0:20:14.119 --> 0:20:17.160 and sell it and get their money out of the deal. Okay, 0:20:17.720 --> 0:20:20.919 So when you truly understand how financing works, that opens 0:20:20.920 --> 0:20:22.840 you up and then your next step comes to find 0:20:22.840 --> 0:20:26.119 that deal and to finalize that deal. So here in 0:20:26.160 --> 0:20:29.680 this particular webinar, we're going to focus on financing. We're 0:20:29.680 --> 0:20:32.120 going to focus on financing just to get you over 0:20:32.160 --> 0:20:34.960 that first hurdle. Now, for those of you who stay 0:20:35.040 --> 0:20:36.480 to the end on what we're going to do is 0:20:36.480 --> 0:20:37.840 we're going to send you a list of one hundred 0:20:37.840 --> 0:20:41.800 and forty seven down payment assistant programs. I've put this together. 0:20:41.960 --> 0:20:45.280 They're all organized by state. So literally, you'll look at 0:20:45.320 --> 0:20:47.560 this list of down payment assistant programs, you'll find your 0:20:47.560 --> 0:20:50.520 state and you'll look for one that fits you. Some 0:20:50.560 --> 0:20:53.240 of them are five thousand dollars grants, right literally, just 0:20:53.280 --> 0:20:55.119 five thousand dollars that you don't have to pay. Some 0:20:55.240 --> 0:20:57.480 of them, if you take a landlord class, they'll roll 0:20:57.520 --> 0:20:59.600 your closing costs into the loan. Which means less money 0:20:59.600 --> 0:21:01.720 out of podt it for you. Okay, So we're doing 0:21:01.760 --> 0:21:04.679 everything in our power to help you save money and 0:21:04.760 --> 0:21:08.560 make money in this process. Now you know, in the past, 0:21:08.680 --> 0:21:10.520 Matt and I have talked about the four three, two 0:21:10.560 --> 0:21:13.200 to one strategy, and most people based on the American 0:21:13.280 --> 0:21:16.439 dream think that right out the gates, going from renting, 0:21:16.680 --> 0:21:18.760 they should buy their dream home or start with a 0:21:18.840 --> 0:21:22.320 single family home. And that is a climb to freedom. 0:21:22.600 --> 0:21:25.040 It is actually harder to get free when you follow 0:21:25.200 --> 0:21:28.160 the quote unquote American dream. The American dream is actually 0:21:28.160 --> 0:21:30.400 American nightmare. And the reason they called it a dream 0:21:30.440 --> 0:21:33.000 is because they had to rock you to sleep in 0:21:33.080 --> 0:21:36.000 order to get you to believe in it. I don't 0:21:36.000 --> 0:21:39.919 want to dream, right, I want to dream awake, not 0:21:40.000 --> 0:21:43.040 when I'm sleep. I don't remember my dreams when I sleep. 0:21:43.160 --> 0:21:46.120 Why Because I dream awake. A lot of people daydreaming 0:21:46.160 --> 0:21:48.200 on their day jobs, or they only dream when they're sleep. 0:21:48.520 --> 0:21:50.040 That is not when I want to dream. I want 0:21:50.080 --> 0:21:53.239 to live out my dream every single day, Okay. And 0:21:53.280 --> 0:21:55.399 that is a true American dream is when you're living 0:21:55.440 --> 0:21:57.680 it out, not just when you're thinking about it or 0:21:57.720 --> 0:21:59.560 you're trying to keep up with the Jones, and so 0:21:59.680 --> 0:22:03.920 at people fall victim to buying a single family first 0:22:03.960 --> 0:22:06.959 because that's what the American dream and AHGTV says, and 0:22:07.000 --> 0:22:10.560 it's not true, okay, And so we are here to 0:22:10.600 --> 0:22:13.439 show you there's a faster path to freedom if you 0:22:13.760 --> 0:22:16.840 don't do what everybody else is doing. There's a faster 0:22:17.280 --> 0:22:20.240 path to freedom if you do not do what everyone 0:22:20.280 --> 0:22:24.400 else is doing, okay, And so we teach the four 0:22:24.520 --> 0:22:28.360 three two one strategy where you actually have a countdown 0:22:28.400 --> 0:22:30.600 your freedom instead of a climb your freedom, where you 0:22:30.640 --> 0:22:33.040 start with the four plex and then you downsize to 0:22:33.280 --> 0:22:36.000 a triplex, and then you downsize to a duplex, and 0:22:36.040 --> 0:22:39.600 then you downsize to the single family that you desire. 0:22:40.200 --> 0:22:42.800 And guess what, you won't even have to pay for 0:22:42.880 --> 0:22:47.120 it because the cash flow produced by the rental properties 0:22:47.119 --> 0:22:49.480 that you have, we'll not only paid for that mortgage, 0:22:49.560 --> 0:22:52.080 but they're now covering your car notes, your student loan, 0:22:52.400 --> 0:22:56.240 your child's tuition and childcare, your food, your internet, your 0:22:56.240 --> 0:22:59.800 cell phone. You want a door for every expense that 0:22:59.840 --> 0:23:03.119 you have. Okay, this is why I need you to 0:23:03.119 --> 0:23:06.320 build a portfolio. You want to have a door for 0:23:06.480 --> 0:23:10.879 every expense that you have Okay, this is how you 0:23:10.920 --> 0:23:14.440 get free. You have all this money going out every 0:23:14.480 --> 0:23:18.240 single month in twelve different ways, so guess what that means. 0:23:18.560 --> 0:23:20.679 That means you need to have twelve different doors to 0:23:20.760 --> 0:23:24.800 pay for those expenses. We are in the business of 0:23:24.840 --> 0:23:29.160 providing quality, affordable housing to people who cannot who are 0:23:29.200 --> 0:23:32.480 not positioned to own on their own yet. See, there's 0:23:32.520 --> 0:23:36.200 been a narrative out there about all landlords or slum lords, 0:23:36.200 --> 0:23:40.480 and it's not true. I provide quality affordable housing to 0:23:40.560 --> 0:23:45.119 about seventy people. My thirty eight doors house about seventy 0:23:45.160 --> 0:23:48.040 people who are not in a position to buy real 0:23:48.160 --> 0:23:51.199 estate yet. And so guess what, They still need housing 0:23:51.440 --> 0:23:54.160 and somebody has to provide that housing. And so that's 0:23:54.200 --> 0:23:56.520 what we're in the business of doing. And especially in 0:23:56.520 --> 0:23:59.640 our communities, we are trying to reclaim these properties back 0:23:59.680 --> 0:24:02.920 from slum lords who do not care about our people whatsoever. 0:24:03.480 --> 0:24:05.800 And we are trying to raise the quality and standard 0:24:05.840 --> 0:24:09.359 of living in our community by taking ownership and control 0:24:09.400 --> 0:24:12.399 of these properties. My section eight tenants they love Me, 0:24:12.480 --> 0:24:15.199 have my portfolio with section eight. They love me. I 0:24:15.440 --> 0:24:18.040 take care of them. I treat them like they've never 0:24:18.040 --> 0:24:20.320 been treated before. They've been dealing with slum lords who 0:24:20.359 --> 0:24:23.240 don't fix anything, don't care, don't care if they have 0:24:23.600 --> 0:24:29.200 roaches and rodents, right, who who are right on their 0:24:29.280 --> 0:24:32.760 neck for rent even though they haven't fixed anything, but 0:24:32.840 --> 0:24:35.960 expect rent to be paid in full. Right, this is 0:24:36.040 --> 0:24:39.320 our opportunity to take back what is ours, these quote 0:24:39.359 --> 0:24:45.520 unquote hoods that we made that we live in. Right, 0:24:46.560 --> 0:24:49.520 we actually you have to own. Can't call it my 0:24:49.600 --> 0:24:52.760 hood if I don't own it, right, And so this 0:24:52.800 --> 0:24:55.239 is our time, and this is our opportunity. And so 0:24:55.359 --> 0:24:58.280 this is what we're focus is on. So your first 0:24:58.280 --> 0:25:00.720 four plex that's going to pay for it health with 0:25:00.800 --> 0:25:04.560 the rental revenue and your cars. Then your triplex pays 0:25:04.600 --> 0:25:07.800 for itself, your food and your cell phone. Right, then 0:25:07.920 --> 0:25:11.679 your duplex pays for itself and your single family, and 0:25:11.720 --> 0:25:15.199 then your single family is free. This home that I 0:25:15.240 --> 0:25:18.199 am in right now, guess what, y'all, it's my single family. 0:25:19.400 --> 0:25:23.040 You think I got a mortgage, Nope, I own it 0:25:23.080 --> 0:25:26.480 free and clear. I own it free and clear. But 0:25:26.560 --> 0:25:29.840 see I had discipline and patience. I didn't buy a 0:25:29.880 --> 0:25:33.640 single family home till I had twenty doors. I didn't 0:25:33.680 --> 0:25:38.479 buy a single family home until I had twenty doors. Okay, 0:25:39.040 --> 0:25:43.440 so this is some of the sacrifice that you may 0:25:43.480 --> 0:25:46.879 have to make in order to get free. But some 0:25:46.960 --> 0:25:49.879 of you want what you want right now. You just 0:25:49.880 --> 0:25:51.639 want what you want right now. You want to keep 0:25:51.720 --> 0:25:53.280 up with the jones. You want to compare yourself to 0:25:53.320 --> 0:25:56.760 other people. You want to watch other people's Instagram fees, right, 0:25:57.280 --> 0:25:59.080 and so you do what they do, and then you 0:25:59.160 --> 0:26:01.680 realize that you're now a bondage too because you were copying, 0:26:01.880 --> 0:26:06.240 because you were comparing. But if you actually take the 0:26:06.359 --> 0:26:09.520 road less travel, you will find that you get free faster. 0:26:10.200 --> 0:26:12.800 And that's exactly what I did. But it takes courage. 0:26:13.480 --> 0:26:16.400 It takes courage, and some of you don't have the courage, 0:26:16.520 --> 0:26:20.520 and that's okay. Hopefully with the education that we give you, 0:26:20.760 --> 0:26:22.560 it builds up your courage to be able to say, 0:26:22.560 --> 0:26:24.919 you know what I'm gonna do. I'm gonna do this different. 0:26:25.520 --> 0:26:28.320 Somebody has to break the generational curses. Some of you 0:26:28.400 --> 0:26:31.240 come from families who have been renting for multiple generations, 0:26:31.600 --> 0:26:35.159 have never owned anything. Are you going to be the 0:26:35.160 --> 0:26:37.439 one that breaks that curse? Or you're going to kick 0:26:37.480 --> 0:26:39.560 the can down to the next generations to your children. 0:26:42.600 --> 0:26:45.600 Imagine if with the snap of your fingers, you could 0:26:45.640 --> 0:26:50.439 collect back all the rents that your mother, your father, 0:26:51.200 --> 0:26:54.160 both sets of grandparents, and all four sets of great 0:26:54.160 --> 0:26:57.960 grandparents paid. Imagine if you could have all that money back, 0:26:58.080 --> 0:27:00.720 and not just the rent money that they paid over 0:27:00.920 --> 0:27:05.240 what one hundred years, but also all the mortgage interest 0:27:05.280 --> 0:27:07.760 that they paid over the past hundred years. Imagine if 0:27:07.760 --> 0:27:12.359 you could have all that back right now, it would 0:27:12.480 --> 0:27:19.520 change your life instantly, instantly. And so that is what 0:27:19.520 --> 0:27:22.320 we're doing, that is what we are teaching, and that 0:27:22.480 --> 0:27:26.359 is the next step. Okay, So, as I said before, 0:27:27.600 --> 0:27:30.520 many of you have a negative relationship to debt. You 0:27:30.560 --> 0:27:32.359 think that debt is bad, and this is why you 0:27:32.800 --> 0:27:35.479 have been afraid to get a mortgage. Now, a mortgage 0:27:35.520 --> 0:27:39.680 on a single family home is not good. And the 0:27:39.760 --> 0:27:42.480 reason it's not good is because the word mortgage literally 0:27:42.520 --> 0:27:45.960 means death pledge. If you take the prefix mor or 0:27:46.280 --> 0:27:48.960 as a mortian a mortuary, the word mortgage literally means 0:27:49.000 --> 0:27:51.359 death pledge. And so when you get a mortgage on 0:27:51.359 --> 0:27:53.800 a single family home, you literally signed up for a 0:27:53.880 --> 0:27:57.760 death pledge. Yeah, I know, you posted your little picture 0:27:57.800 --> 0:28:00.119 on Instagram look at me on my home buyer or 0:28:00.160 --> 0:28:02.320 a home owner. That's what you think. But you're really 0:28:02.359 --> 0:28:05.080 not a homeowner. You're a home buyer. The bank bought 0:28:05.119 --> 0:28:07.840 your home. You didn't buy it. You thought you weren't 0:28:07.840 --> 0:28:09.880 paying rent anymore. You're not paying rent to a landlord. 0:28:10.080 --> 0:28:12.280 You're playing rent to the bank to use their money. 0:28:12.440 --> 0:28:15.720 That rent is called interest because you didn't have the 0:28:15.760 --> 0:28:19.600 money to buy that single family home. So AGTV is 0:28:19.640 --> 0:28:21.959 convince you that you're a homeowner and you're not. We 0:28:22.040 --> 0:28:24.320 have to be very careful with our language. You're a 0:28:24.400 --> 0:28:28.240 home buyer. I own this home. I'm a homeowner, Okay, 0:28:28.320 --> 0:28:30.080 I own it free and clear. I don't owe any bank. 0:28:30.160 --> 0:28:33.680 There's no first mean position. Okay, you are a home 0:28:33.720 --> 0:28:37.120 buyer when you get a mortgage on a single family home. Okay. 0:28:37.480 --> 0:28:39.800 And on top of that, that single family home, it 0:28:39.880 --> 0:28:43.240 did not cost three hundred thousand dollars. That was the 0:28:43.320 --> 0:28:47.720 sticker price. But where they stick you in the back 0:28:48.720 --> 0:28:51.360 is the two hundred and eight thousand dollars of interest 0:28:51.520 --> 0:28:53.280 that you're going to pay over the next thirty years 0:28:53.280 --> 0:28:55.640 on that property. So that property was not three hundred 0:28:55.680 --> 0:28:58.640 thousand dollars that you bought. That property is actually five 0:28:58.720 --> 0:29:01.280 hundred and eight thousand dollars, but the sticker price that 0:29:01.360 --> 0:29:05.680 you saw was three hundred and you bit, you went 0:29:05.800 --> 0:29:11.560 for it. This is a deal. Oh and that doesn't 0:29:11.600 --> 0:29:16.120 even include the private mortgage insurance, your homeowner's insurance, your 0:29:16.120 --> 0:29:20.719 property taxes, and all the maintenance over that thirty year period, 0:29:20.880 --> 0:29:24.280 So that three hundred thousand dollars property is more like 0:29:24.640 --> 0:29:29.040 a seven hundred thousand dollars property. Money literally going out 0:29:29.120 --> 0:29:34.200 the door. Now, my prayer for you is that your 0:29:34.320 --> 0:29:39.720 property appreciated significantly, but that appreciation is not real money. 0:29:39.920 --> 0:29:43.240 You want to know why. You want to know why, 0:29:43.640 --> 0:29:46.440 because that appreciation is only covering all the interest that 0:29:46.440 --> 0:29:49.400 you've been paying this entire time, so it's not real gain. 0:29:50.360 --> 0:29:52.840 The appreciation on many of your properties is not real 0:29:52.880 --> 0:29:57.760 game because it's just covering the interest that you paid 0:29:57.920 --> 0:30:04.160 the entire time. Are y'all with me? All y'all understanding me? Okay? 0:30:04.520 --> 0:30:08.920 So we want to change our language and our mindset 0:30:09.200 --> 0:30:11.760 from I want to own a home or a house 0:30:12.200 --> 0:30:16.120 to I want a portfolio. I want to provide quality, 0:30:16.120 --> 0:30:19.640 affordable housing for people in my community who have been 0:30:19.720 --> 0:30:23.520 victims to slum lords. And as a result of providing 0:30:23.560 --> 0:30:27.280 that service, I actually get some profit, and I'm able 0:30:27.320 --> 0:30:32.120 to use that profit to get free. Just think about this, y'all. 0:30:34.960 --> 0:30:37.200 For somebody to say, I'm not just going to think 0:30:37.240 --> 0:30:40.800 about housing for my own family, but I'm actually going 0:30:40.880 --> 0:30:46.480 to be concerned about housing other families. That is a 0:30:46.520 --> 0:30:50.080 noble thing. I'm concerned, and I'm actually going to take 0:30:50.120 --> 0:30:54.520 a risk to go buy and take out debt on 0:30:54.640 --> 0:31:00.800 another property to house other people who cannot yet afford 0:31:00.920 --> 0:31:05.160 a house of their own. If there were not ethical 0:31:05.200 --> 0:31:10.200 investors like ourselves, then where would people live? Where would 0:31:10.200 --> 0:31:14.400 people live? See? That's what people don't understand in this conversation. 0:31:14.520 --> 0:31:17.280 And so we get to change the narrative as ethical investors, 0:31:17.280 --> 0:31:20.800 as people who put people before profits. If you were 0:31:20.840 --> 0:31:23.880 just here to extract profits from people through rent, then 0:31:23.960 --> 0:31:27.440 this is not the webinar for you. Okay, we already 0:31:27.440 --> 0:31:30.920 have slum modes for that. Here we put people before profits, 0:31:30.920 --> 0:31:33.800 and we serve people in the highest with the highest 0:31:33.840 --> 0:31:37.480 quality and the highest standard. Then guess what our business 0:31:37.480 --> 0:31:41.719 model works. My tenants stay with me for long periods 0:31:41.720 --> 0:31:46.320 of time, right because I treat them well. Right. So 0:31:46.480 --> 0:31:50.440 this is where we're going. So when we're talking about 0:31:50.480 --> 0:31:52.640 multi family real estate and just lets you know, Matt 0:31:52.760 --> 0:31:55.560 is having some technical difficulties right now. So I'm going 0:31:55.600 --> 0:31:57.800 to keep on pushing and I can teach this myself, 0:31:57.920 --> 0:31:59.960 but of course I want my brother here by my side. 0:32:00.080 --> 0:32:03.320 I can teach this myself. Okay. So when we're talking 0:32:03.320 --> 0:32:05.440 about multi family real estate, we are not talking about 0:32:05.480 --> 0:32:07.600 those sixty unit buildings that you see when you drive 0:32:07.640 --> 0:32:10.080 down the freeway. Okay, some of you live in some 0:32:10.440 --> 0:32:13.760 big apartment complexes. That's not what we're talking about. We're 0:32:13.760 --> 0:32:16.840 talking about two family, three family, or four family homes. Okay. 0:32:17.640 --> 0:32:21.760 These are also known as duplexes, triplexes, or four plexes, right, 0:32:22.560 --> 0:32:24.560 and there are only two point six million of them 0:32:24.560 --> 0:32:26.680 in the entire United States and they only make up 0:32:26.720 --> 0:32:29.520 eighteen percent of the rental supply. So we're looking for 0:32:29.600 --> 0:32:34.200 a very specific rare asset, okay, and I'm trying to 0:32:34.200 --> 0:32:37.720 make sure that you get one for not just one, 0:32:37.800 --> 0:32:41.000 but multiple for you and your family. Now, what most 0:32:41.000 --> 0:32:44.040 people don't know is that financing for a two family, 0:32:44.040 --> 0:32:46.440 three family, and four family home falls under the same 0:32:46.480 --> 0:32:50.000 residential guidelines as financing for a single family go home, 0:32:50.600 --> 0:32:54.840 the same exact bank, the same thirty year fixed rate mortgage, 0:32:55.000 --> 0:32:58.240 the same interest rate, the same documents that you would 0:32:58.320 --> 0:33:00.600 use to acquire a single family home, or the same 0:33:00.680 --> 0:33:03.560 documents that you would need for a two family, three family, 0:33:03.640 --> 0:33:05.920 or four family home. And most of you didn't know 0:33:05.960 --> 0:33:09.600 that once you get to five units or more, that 0:33:09.680 --> 0:33:13.080 is considered a commercial property and that is a different 0:33:13.160 --> 0:33:16.160 lending process, a different bank, a twenty year fixed rate, 0:33:16.320 --> 0:33:21.720 and typically a higher interest rate. Okay, So this is 0:33:22.080 --> 0:33:24.960 one of the secrets that people do not know, is 0:33:24.960 --> 0:33:26.880 that with the same process that I would use to 0:33:26.920 --> 0:33:29.160 acquire a single family I could have bought a multifamily 0:33:29.160 --> 0:33:31.920 this entire time. Okay, Now, how do you get to 0:33:31.920 --> 0:33:34.080 rent mortgage freedom? Meaning that you never have a housing 0:33:34.080 --> 0:33:37.360 expense for the rest of your life because for most Americans, 0:33:37.520 --> 0:33:39.880 thirty five percent of their income goes to housing, whether 0:33:39.920 --> 0:33:41.680 that is rent or mortgage. So how do you get 0:33:41.680 --> 0:33:43.800 to rent morgan freedom? Typically you're going to need a 0:33:43.840 --> 0:33:46.400 triplex or a four plex for your first purchase. A 0:33:46.440 --> 0:33:48.880 triplex or a four plex. I know some people have 0:33:48.960 --> 0:33:51.560 some duplexes. Here there's some single family home. But when 0:33:51.600 --> 0:33:54.240 you have a duplex, the rents from one side while 0:33:54.240 --> 0:33:55.920 you live in this side, the rent from this other 0:33:56.000 --> 0:33:58.840 side do not cover principal interest, taxes, insurance, capecks, or 0:33:58.880 --> 0:34:01.000 pairs over a vacancy rate, so that you will still 0:34:01.040 --> 0:34:03.320 have money coming out of your pocket for housing, but 0:34:03.360 --> 0:34:05.680 that money that's coming out of your pocket for housing 0:34:05.840 --> 0:34:08.400 will likely be less than what your tenant is paying 0:34:08.480 --> 0:34:11.200 or what you were paying for rent. So we typically 0:34:11.239 --> 0:34:14.400 want to go for a four plex on our first investment, 0:34:15.080 --> 0:34:17.759 and then go down to a triplex, then a duplex, 0:34:18.040 --> 0:34:21.440 and then a single family. Okay, so this is the 0:34:21.480 --> 0:34:24.360 steps of the process. We are going to answer questions 0:34:24.400 --> 0:34:26.719 live at the end. We're going to answer questions live 0:34:26.719 --> 0:34:28.520 at the end. If we try to answer questions in 0:34:28.520 --> 0:34:31.520 the midst of the presentation, literally, we can be here 0:34:31.560 --> 0:34:34.120 for hours and hours and hours. What's that song by her? 0:34:34.320 --> 0:34:37.440 I could do this for hours, right, we can do 0:34:37.480 --> 0:34:41.240 this for hours? All right? So I want your questions 0:34:41.280 --> 0:34:44.080 to be answered, but we're going to answer them live 0:34:44.120 --> 0:34:47.000 at the end. Is that cool? Is that cool? So 0:34:47.040 --> 0:34:48.960 hold your questions, write them down. I do not want 0:34:49.000 --> 0:34:51.480 you to forget them. But the presentation is likely going 0:34:51.520 --> 0:34:53.759 to answer many of your questions along the way. All right, 0:34:54.280 --> 0:34:56.960 So again back to rent the mortgage freedom For those 0:34:56.960 --> 0:34:59.080 of you who are not experiencing it yet ranted mortgaine. 0:34:59.080 --> 0:35:01.279 Freedom is a resulted by multiicrimry real estate, which has 0:35:01.320 --> 0:35:04.640 cash flow that eliminates your housing expense forever. Again, most Americans, 0:35:04.680 --> 0:35:07.480 their housing expense is about thirty five thirty five percent. 0:35:08.440 --> 0:35:11.680 Thirty five percent goes to housing. So if you're making 0:35:11.680 --> 0:35:14.960 three thousand dollars per month, then about one thousand dollars 0:35:15.160 --> 0:35:19.160 is actually going towards going toward your housing, whether that 0:35:19.200 --> 0:35:21.799 is rent a mortgage. So imagine what would happen for you. 0:35:23.120 --> 0:35:26.839 Imagine what would happen for you if, just like that, 0:35:26.920 --> 0:35:29.879 with one single move to acquire multiicrimry real estate, you 0:35:29.960 --> 0:35:31.920 never had a housing expense for the rest of your life. 0:35:32.120 --> 0:35:33.960 What would change? In chat, let me know what would 0:35:34.000 --> 0:35:35.200 change for you if you never had a house and 0:35:35.239 --> 0:35:38.120 expence for the rest of your life. What would change 0:35:38.120 --> 0:35:39.920 for you if you never had a housing expense for 0:35:39.960 --> 0:35:41.799 the rest of your life? Let me know? In chat? 0:35:42.239 --> 0:35:47.600 Tie said everything, Ryan said everything everything, everything, freedom, stress, 0:35:48.120 --> 0:35:51.160 more money to invest able to travel, more buy more 0:35:51.239 --> 0:36:00.759 stops everything, location, freedom, life, retire early savings. We don't 0:36:00.760 --> 0:36:06.440 save money over here. Family saving money is death dead presidents. 0:36:06.480 --> 0:36:08.440 We're supposed to resurrect them. We don't save money over 0:36:08.520 --> 0:36:12.759 here beyond our emergency fund, generational wealth, access to resources, 0:36:13.160 --> 0:36:18.440 crypto and defive invest Help more families, okay, help more 0:36:18.440 --> 0:36:22.080 of my family. Beautiful, good, good, good. So everything that 0:36:22.120 --> 0:36:24.239 you're typing right now, I'm able to experience, and I 0:36:24.280 --> 0:36:27.920 am experiencing because of my multi family real estate portfolio. 0:36:28.880 --> 0:36:32.040 So you are exactly right. Multifamily real estate is the 0:36:32.160 --> 0:36:35.040 vehicle to get you everything that you were typing in 0:36:35.280 --> 0:36:39.000 right here and right now. All right, So let me 0:36:39.040 --> 0:36:41.120 just explain this to you. If we can literally just 0:36:41.120 --> 0:36:42.960 get rid of your house and expense, whether that is 0:36:43.000 --> 0:36:47.000 rent right or a mortgage interest, If we get rid 0:36:47.080 --> 0:36:48.920 of your house and expense, let's say your housing expenses 0:36:48.960 --> 0:36:51.160 one thousand dollars a month, and we can invest that 0:36:51.200 --> 0:36:53.879 at six percent annually, you know how much money all 0:36:53.920 --> 0:36:55.759 of you would have over the next thirty years. If 0:36:55.760 --> 0:36:58.560 we could literally just stop you from paying rent or 0:36:58.719 --> 0:37:05.160 mortgage interest, you would all be millionaires. One thousand dollars 0:37:05.160 --> 0:37:08.560 per month invested at six percent for thirty years is 0:37:08.840 --> 0:37:12.960 one million, fifteen five hundred and ninety dollars. You would 0:37:13.000 --> 0:37:15.759 all be millionaires. If we could simply just do this 0:37:15.800 --> 0:37:19.719 one thing, get rid of your housing expense. That's it. 0:37:20.560 --> 0:37:22.960 I'm not asking you to magically pick the right stock. 0:37:23.360 --> 0:37:26.120 I'm not asking you to pick the right crypto or NFT, 0:37:26.600 --> 0:37:29.280 none of that. No guessing here. If we can literally 0:37:29.280 --> 0:37:31.520 just do this one single thing, which is get rid 0:37:31.560 --> 0:37:35.080 of your housing expense forever, I canon almost guarantee that 0:37:35.120 --> 0:37:37.600 over the next thirty years you and your last name 0:37:37.680 --> 0:37:41.560 will be millionaires. And this is cold hard cash millionaires, 0:37:41.600 --> 0:37:44.319 not just equity millionaires. This is also there'll also be 0:37:44.320 --> 0:37:46.719 equity in your property on top of that, but just 0:37:46.840 --> 0:37:49.279 off of the cash you're saving the loan by not 0:37:49.320 --> 0:37:53.080 having a housing expence, you would be a millionaire guaranteed. Okay, 0:37:53.880 --> 0:37:56.239 But again it's a long term game. A lot of 0:37:56.320 --> 0:38:00.879 y'all are to get rich quick schemes. How much money 0:38:00.920 --> 0:38:04.520 have you really made in crypto? Okay? How much money 0:38:04.520 --> 0:38:07.680 have you really made in NFTs? You just looking for 0:38:07.760 --> 0:38:11.160 a lick, a quick lick. Are you making money consistently 0:38:11.239 --> 0:38:15.840 every single day? It's one thing to buy one and 0:38:16.160 --> 0:38:18.200 see it go up and pull out. That's great, But 0:38:18.239 --> 0:38:20.320 how much did you lose? Do you even know? Because 0:38:20.320 --> 0:38:22.319 you just keep pouring money back in? Do you really 0:38:22.320 --> 0:38:24.360 even know how much you've made or how much you've lost. 0:38:27.560 --> 0:38:29.600 I know exactly what my real estate portfolio has done 0:38:29.640 --> 0:38:31.360 for me. I know exactly how much I'm going to 0:38:31.400 --> 0:38:36.560 get every single month in rental revenue and profit. I 0:38:36.600 --> 0:38:40.439 can almost anticipate appreciation. I know exactly what my tax 0:38:40.440 --> 0:38:42.600 savings is going to be because I own multi fammily 0:38:42.600 --> 0:38:46.600 real estate. So don't get caught up in these bright, 0:38:46.680 --> 0:38:49.000 new shiny objects when multi family real estate is the 0:38:49.040 --> 0:38:52.160 most proven business model of all time, one that will 0:38:52.239 --> 0:38:57.200 last forever. Okay, I hope you win big on that NFT, 0:38:57.520 --> 0:39:00.680 on that crypto, on that stop. I hope you win big. 0:39:00.960 --> 0:39:03.000 But guess what. Once you win big, guess what you 0:39:03.040 --> 0:39:05.640 have to do. You're typically gonna have to go put 0:39:05.680 --> 0:39:09.000 it into real estate or your own business. All right, 0:39:09.400 --> 0:39:12.080 So first thing we got to do is get you 0:39:12.120 --> 0:39:16.360 off this HGTV foolishness. Right when people are in my program, 0:39:16.360 --> 0:39:18.520 I tell them they cannot watch AHGTV. They can only 0:39:18.560 --> 0:39:22.239 watch JGTV because AHGTV will literally tell you to do 0:39:22.320 --> 0:39:24.759 the opposite of what I'm teaching you to do. It 0:39:24.800 --> 0:39:26.759 will tell you to do the opposite of what I'm 0:39:26.800 --> 0:39:30.680 teaching you to do. Okay, your first investment property will 0:39:30.680 --> 0:39:33.799 not look like this family. Your first investment property will 0:39:33.880 --> 0:39:36.520 not look like this. I wish your first four plexus 0:39:36.560 --> 0:39:39.600 like this, it will not. Okay, Typically your first investment 0:39:39.640 --> 0:39:44.160 property is going to be a B class property, not 0:39:44.239 --> 0:39:46.800 in the hood. Okay, I want you to be safe 0:39:46.800 --> 0:39:49.160 where you live and feel comfortable, but it's typically going 0:39:49.200 --> 0:39:51.640 to be a B class property, not some A class 0:39:51.760 --> 0:39:54.319 high end property that you might see on AHGTV. This 0:39:54.480 --> 0:39:56.440 was my first home in Brooklyn, New York, my first 0:39:56.520 --> 0:39:59.640 multi family, the triplex that I showed you earlier. My 0:39:59.680 --> 0:40:02.000 first was not my dream home, but it made my 0:40:02.080 --> 0:40:06.120 dreams possible. Did y'all catch that my first home was 0:40:06.160 --> 0:40:11.040 not my dream home, but it made my dreams possible? Right? 0:40:11.760 --> 0:40:14.080 They put linen white paint over everything. They could at 0:40:14.120 --> 0:40:16.200 least put that gentrification gray, which y'all know about that 0:40:16.239 --> 0:40:19.840 gentrification gray paint. How many y'all got gentrification gray in 0:40:19.880 --> 0:40:23.440 your apartment or your house right now? Keep it real? 0:40:23.480 --> 0:40:26.440 How many y'all got gentrification gray in your apartment or 0:40:26.480 --> 0:40:32.000 house right now? Okay? Look at my countertops for Micah countertops, 0:40:32.000 --> 0:40:36.759 No granted my appliances white appliances, No, stainless still cabinets, 0:40:36.800 --> 0:40:39.439 basic cabinets from those or home depot. If I would 0:40:39.480 --> 0:40:41.959 have walked into this property with HGTV eyes, I would 0:40:41.960 --> 0:40:44.160 have walked out and missed out on the opportunity. But 0:40:44.239 --> 0:40:46.520 this property is appreciated by over four hundred thousand dollars 0:40:46.560 --> 0:40:50.400 over the past eight years. That's fifty thousand dollars and 0:40:50.520 --> 0:40:54.480 new net worth for doing nothing over the past eight years. 0:40:54.560 --> 0:40:56.600 Some of y'all don't even make fifty thousand dollars per 0:40:56.680 --> 0:40:59.600 year in active income, working two thousand hours per year. 0:41:01.600 --> 0:41:04.520 I had had to do nothing except by right in 0:41:04.640 --> 0:41:11.000 order to experience this increase in equity. Okay, I saw 0:41:11.040 --> 0:41:14.160 the wave coming from Manhattan to Dumbo. What did JG 0:41:14.320 --> 0:41:16.680 saying four forty four? Should have bought that property in Dumbo? 0:41:16.760 --> 0:41:20.040 Dumbo right, then to Fort Green, then to Clinton Hill, 0:41:20.160 --> 0:41:23.640 then the Sty Heights, then to Bedstide, And so I 0:41:23.680 --> 0:41:26.960 bought in Bedstide before the wave hit Bedstide. And what 0:41:27.000 --> 0:41:32.040 was Bedsty called? What was Bedside called in twenty thirteen family, 0:41:32.040 --> 0:41:36.240 when I bought this property, it was called do thank you, Jamila, 0:41:36.440 --> 0:41:38.799 do or die? Bedstide. That's where I bought. I bought 0:41:38.800 --> 0:41:41.239 in a neighborhood called do or Die? Who was to 0:41:41.239 --> 0:41:43.680 live in a neighborhood called do or Die? I did 0:41:44.239 --> 0:41:46.359 because I knew it was about to happen. I saw 0:41:46.440 --> 0:41:49.279 what was changing. I was able to identify the thirty 0:41:49.320 --> 0:41:52.560 three signs of gentrification, and I realized that bedside had 0:41:52.560 --> 0:41:55.200 about ten to fifteen and it was moving towards thirty three. 0:41:55.560 --> 0:41:57.000 And so now that wave is all the way out 0:41:57.000 --> 0:42:00.920 in East New York towards JFK, and my appreciation on 0:42:00.960 --> 0:42:02.719 that property just going up and up and up, and 0:42:02.760 --> 0:42:06.239 it's stuck because it's New York. It ain't never going down, right. 0:42:06.440 --> 0:42:09.920 And I'm able to use that equity through a helot 0:42:10.280 --> 0:42:13.319 or refinancing to buy more and more real estate and 0:42:13.320 --> 0:42:16.719 smaller or less expensive markets. So you got to learn 0:42:16.800 --> 0:42:19.839 how to play the game right. You cannot work your 0:42:19.840 --> 0:42:22.160 way to wealth. So you got to decide what side 0:42:22.160 --> 0:42:23.320 of the equation do you want to be on it. 0:42:23.400 --> 0:42:25.480 You're gonna be a single family at TV buyer that's 0:42:25.520 --> 0:42:27.560 looking for granted countertop. Are you gonna be a multi 0:42:27.640 --> 0:42:30.040 fammily real estate investor that's looking for guaranteed cash flow? 0:42:30.400 --> 0:42:33.120 Are you gonna be buying based on emotions? Are you 0:42:33.160 --> 0:42:36.960 going to be buying based on economics right? Are you 0:42:37.040 --> 0:42:38.799 looking for your dream home? Are you going to be 0:42:38.800 --> 0:42:40.719 looking for an asset that will pay for your dream home? 0:42:41.280 --> 0:42:43.600 Are you looking for a finished basement? Are you looking 0:42:43.719 --> 0:42:46.840 to start building wealth? Which side of the equation do 0:42:46.920 --> 0:42:50.200 you want to be from? Be on? Okay, if you 0:42:50.239 --> 0:42:52.799 stick with me and Matt long enough on the right 0:42:52.840 --> 0:42:55.399 side of the equation, we can get you the home 0:42:55.480 --> 0:42:58.200 that you desire for free without you paying for it. 0:42:58.960 --> 0:43:01.120 But if you want to peoplep with the Joneses and 0:43:01.160 --> 0:43:03.200 you want to follow the American dream, you want to 0:43:03.200 --> 0:43:06.000 feel the pressure, you want to compare, then good luck 0:43:06.080 --> 0:43:08.680 on that path to getting free. You will only slow 0:43:08.719 --> 0:43:11.200 your process and it will take you longer and longer 0:43:11.239 --> 0:43:16.800 and longer, meaning more years of work, more savings, less freedom. Okay, 0:43:17.280 --> 0:43:22.040 so many people think that you need a lot of 0:43:22.040 --> 0:43:24.320 money to get started in real estate, and you don't. 0:43:25.560 --> 0:43:28.520 You don't, and I'm improving to you. I bought that 0:43:28.560 --> 0:43:33.160 property in twenty thirteen. Here's my W two from twenty twelve. Family. 0:43:34.360 --> 0:43:37.640 This is my actual W two from twenty and twelve, 0:43:37.880 --> 0:43:42.000 and I only made thirty five thousand dollars, so I 0:43:42.120 --> 0:43:45.120 bought a triplex in Brooklyn, New York, when I wasn't 0:43:45.120 --> 0:43:47.120 making a lot of money in New York City, the 0:43:47.120 --> 0:43:49.960 most expensive market in the world, while I was an entrepreneur, 0:43:50.120 --> 0:43:53.600 and within three years of an economic recession. So this 0:43:53.680 --> 0:43:56.200 is proof that you do not need lots of money 0:43:56.280 --> 0:44:01.399 to get started in real estate, especially multi family state. Right, 0:44:02.200 --> 0:44:04.120 this is my actual W two. This is what the 0:44:04.239 --> 0:44:07.120 lender used to qualify me for that triplex in Brooklyn, 0:44:07.160 --> 0:44:10.960 New York. But because you didn't understand how real estate 0:44:11.040 --> 0:44:13.719 multi TIMI real estate in particular, was finance, you didn't 0:44:13.719 --> 0:44:16.200 believe that you could actually get in the game with 0:44:16.239 --> 0:44:21.520 your low income houseway, houseway, I'm gonna show you how. Okay, 0:44:22.560 --> 0:44:24.560 So if you go to buy a single family home, 0:44:24.920 --> 0:44:28.279 the lender will typically finance you for about forty six 0:44:28.360 --> 0:44:32.200 times right, what your W two income is. So if 0:44:32.200 --> 0:44:34.400 your W two income for this pink single family in 0:44:34.440 --> 0:44:37.399 New Orleans, which is one of my major markets, six 0:44:37.440 --> 0:44:40.120 times forty is two hundred and forty thousand dollars. Now, 0:44:40.120 --> 0:44:42.560 there's other factors that apply, like your credit score, the 0:44:42.600 --> 0:44:45.239 consistency of your income, et cetera. But in general, a 0:44:45.320 --> 0:44:47.600 lender will finance you for about six times your W 0:44:47.680 --> 0:44:51.359 two income. Okay, that's if you buy a single family home, right, 0:44:52.200 --> 0:44:53.960 But what most of you didn't know is that multicim 0:44:54.040 --> 0:44:56.520 real estate is financed a little bit differently, all right, 0:44:56.560 --> 0:45:00.399 and it makes a huge difference. Right, So your mind 0:45:00.400 --> 0:45:05.640 blowed to Mosi's ready, You're ready watch this. If you 0:45:07.080 --> 0:45:10.759 instead by a multifamily home, what you didn't know is 0:45:10.760 --> 0:45:13.640 that the lender will give you credit for seventy five 0:45:13.680 --> 0:45:15.319 percent of the rents that you are going to get 0:45:15.400 --> 0:45:18.040 once you acquire the property, and they will add that 0:45:18.080 --> 0:45:21.000 to your W two income today and then qualify you 0:45:21.040 --> 0:45:23.680 based on that number. So this is an actual four 0:45:23.760 --> 0:45:27.240 plex that I own in New Orleans, Okay, and imagine 0:45:27.239 --> 0:45:31.080 that each door is one thousand dollars of rent. That's 0:45:31.120 --> 0:45:33.640 four thousand dollars a month times seventy five percent, that's 0:45:33.680 --> 0:45:37.320 three thousand dollars times twelve months is thirty six thousand dollars. 0:45:37.480 --> 0:45:39.720 So the lender will take that thirty six thousand dollars 0:45:39.760 --> 0:45:43.080 in future rental income. I haven't collected one rent check, 0:45:43.480 --> 0:45:45.360 but they will take that thirty six thousand dollars in 0:45:45.400 --> 0:45:48.840 future rental income. Add it to my forty thousand dollars 0:45:49.080 --> 0:45:52.360 of W two income and then qualify me based on 0:45:52.440 --> 0:45:57.160 seventy six thousand dollars of income. Seventy six times six 0:45:57.360 --> 0:46:00.720 is four hundred and fifty six thousand dollars. Literally able 0:46:00.760 --> 0:46:03.160 to buy twice as much real estate because I buyt 0:46:03.200 --> 0:46:05.799 a multi family home instead of a single family home. 0:46:07.600 --> 0:46:11.040 So you just simply didn't know how real estate was financed. So, 0:46:11.120 --> 0:46:15.160 hearing me out on this, it is actually easier to 0:46:15.200 --> 0:46:17.560 buy a multi family home than it is to buy 0:46:17.560 --> 0:46:23.000 a single family home. You heard it. It is easier 0:46:23.640 --> 0:46:26.080 to buy a multi family home than it is to 0:46:26.080 --> 0:46:28.399 buy a single family home. The reason I was able 0:46:28.440 --> 0:46:30.879 to buy a triplex in Brooklyn, New York with only 0:46:30.920 --> 0:46:33.600 thirty six thousand dollars of income is because New York 0:46:33.640 --> 0:46:36.640 rents were so high. So when you take two thousand 0:46:36.680 --> 0:46:39.800 dollars per month in rents for the two bedroom and 0:46:39.840 --> 0:46:42.440 the three bedroom that I had up there, right, actually 0:46:42.640 --> 0:46:46.000 for the whole building, six thousand, right, seventy five percent 0:46:46.000 --> 0:46:51.000 of that is forty five hundred times twelve months is 0:46:52.160 --> 0:46:56.880 fifty four thousand dollars. So thirty six thousand was my 0:46:57.120 --> 0:47:01.160 W two right plus fifty four, So now they're qualifying 0:47:01.280 --> 0:47:06.799 based on ninety thousand dollars of income. This is how 0:47:08.239 --> 0:47:09.960 so some of you have been taking yourself out of 0:47:09.960 --> 0:47:11.880 the game because you just thought that you didn't make enough, 0:47:12.120 --> 0:47:17.320 but you just didn't know how real estate was financed. Okay, 0:47:17.960 --> 0:47:21.040 So again you've got to get off of We're gonna 0:47:21.040 --> 0:47:22.759 get into all the loan types. We're gonna get into 0:47:22.760 --> 0:47:24.640 that in just a second. Okay, So you got to 0:47:24.640 --> 0:47:27.160 get off the American dream because a lot of y'all 0:47:27.160 --> 0:47:30.399 are dating. How many if you single type single, if 0:47:30.440 --> 0:47:34.160 you are serious, type serious, if you engaged, type engaged, 0:47:34.200 --> 0:47:39.640 and if you married, type married. If the single type single, 0:47:39.680 --> 0:47:42.440 if you serious, type serious, if you're engaged, type engaged, 0:47:42.680 --> 0:47:47.840 if you're married type married. All right, so this is 0:47:47.880 --> 0:47:52.040 from my single and my serious and my engaged folks. Okay, 0:47:54.360 --> 0:47:59.520 don't do stupid stuff like this. Do not buy your 0:47:59.600 --> 0:48:07.120 first home together. Don't it's romantic. Oh we bought our 0:48:07.120 --> 0:48:10.120 first house together. It is the stupidest thing that you 0:48:10.160 --> 0:48:13.480 can do when it comes to building wealth for your family. 0:48:14.000 --> 0:48:18.960 You never ever want to tie two people to one mortgage. 0:48:19.680 --> 0:48:24.319 You never want to tie two people to one mortgage. 0:48:24.560 --> 0:48:27.480 So now you have this three hundred thousand dollars mortgage, 0:48:27.600 --> 0:48:30.040 and you both put your names on the mortgage. So 0:48:30.080 --> 0:48:32.520 now it looks like your family has six hundred thousand 0:48:32.560 --> 0:48:35.000 dollars worth of debt, when it's really only three hundred 0:48:35.000 --> 0:48:37.480 thousand dollars worth of debt. So whoever has the highest 0:48:37.480 --> 0:48:40.520 income and can get finance for that home by themselves, 0:48:41.000 --> 0:48:43.840 they should go get that home. In fact, you should 0:48:43.840 --> 0:48:47.680 both buy multi family homes first and then bring your 0:48:47.880 --> 0:48:50.880 kingdom and Queendom or however it worked for you together. 0:48:52.320 --> 0:48:55.239 That's how we start building wealth as a community. But 0:48:55.280 --> 0:48:57.440 instead you want to keep up with the Joneses. You 0:48:57.480 --> 0:48:59.719 want to do the romantic thing. We put our first 0:48:59.760 --> 0:49:05.600 have together, and you literally cut your wealth in half together. 0:49:07.560 --> 0:49:09.440 You were cutting the cake, and you were cutting your 0:49:09.480 --> 0:49:12.080 wealth in half because you were following the American dreams, 0:49:12.200 --> 0:49:15.160 trying to keep up with the Joneses. See it's little 0:49:15.200 --> 0:49:19.760 stuff like this that'll literally throw you off. Your friends 0:49:19.880 --> 0:49:22.799 follow the blueprint, They follow mass blueprint, they follow the 0:49:22.840 --> 0:49:25.279 multi family master plan, and now they have double the 0:49:25.280 --> 0:49:27.120 wealth that you have because you wanted to do the 0:49:27.200 --> 0:49:31.440 romantic thing. Oh no, I know, but I just want 0:49:31.440 --> 0:49:33.839 to buy our first house together, you know, it's our 0:49:33.840 --> 0:49:35.640 big because we're gonna live there, We're gonna have our 0:49:35.680 --> 0:49:38.399 kids there, We're going to buy our first. You're trying 0:49:38.400 --> 0:49:40.600 to create wealth? Are you trying to look cute on 0:49:40.640 --> 0:49:50.600 paper and on Instagram? Okay? Instead, you divide and conquer. Okay, 0:49:50.760 --> 0:49:54.360 you divide and conquer. You both go get your multi families. 0:49:54.719 --> 0:49:57.800 Then you come together and you let their rental income 0:49:58.080 --> 0:50:00.400 or the cash flow from that multi family, those two 0:50:00.520 --> 0:50:05.279 multi families actually buy you your dream home. This is 0:50:05.280 --> 0:50:09.640 the process. Now you have your dream home, and you 0:50:09.680 --> 0:50:12.719 weren't working for it, you weren't paying for it. You 0:50:12.840 --> 0:50:18.160 have it because you are housing other people. And the 0:50:18.239 --> 0:50:20.239 game that you get, the process that you get from 0:50:20.239 --> 0:50:23.480 providing quality, affordable housing to other people, actually gives you 0:50:23.520 --> 0:50:28.840 the freedom to buy your dream home without you paying 0:50:28.880 --> 0:50:31.919 for it. Even if both of you were to lose 0:50:31.960 --> 0:50:36.200 your jobs, family, your dream home would still be yours. 0:50:38.440 --> 0:50:41.880 Are y'all getting this? Mabel said it right? Key rings 0:50:41.880 --> 0:50:45.960 before wedding rings, key rings before wedding rings. This is 0:50:46.040 --> 0:50:51.000 really crucial, right, This is really crucial. You can double 0:50:51.040 --> 0:50:53.520 your wealth if you both run the play, or you 0:50:53.520 --> 0:50:56.000 can cut it in half. It's up to you, Okay, 0:50:56.520 --> 0:51:01.239 So this is Alan, right, he's a vet. He uses 0:51:01.320 --> 0:51:02.800 VA loan. What we're going to talk about in just 0:51:02.880 --> 0:51:05.600 a second. He uses VA loan to buy this property. 0:51:05.600 --> 0:51:07.360 He said, Hello, Julian, I want to thank you for 0:51:07.400 --> 0:51:08.880 the great service you provide. I learned a great deal 0:51:08.920 --> 0:51:10.680 from a detailed instruction for the past three months during 0:51:10.719 --> 0:51:12.680 the pandemic, and I recing clothes on the multifiming property 0:51:12.680 --> 0:51:15.680 in Baltimore, Maryland on six seventeen twenty. The property cash 0:51:15.719 --> 0:51:18.160 flows and is an appreciating market with built in equity 0:51:18.200 --> 0:51:20.320 as well, or not have had the confidence to handle 0:51:20.360 --> 0:51:22.319 the deal like such a boss without the expert knowledge 0:51:22.360 --> 0:51:24.200 provided in your course. I feel like I have the 0:51:24.239 --> 0:51:26.759 answers to the test every step along the way. Thanks again, brother, 0:51:26.800 --> 0:51:28.560 for the gateway to freedom and generational wealth. I would 0:51:28.560 --> 0:51:32.320 certainly pay it forward. So Alan went on to propose 0:51:32.400 --> 0:51:35.279 to a significant other on the third floor of that property. Right, 0:51:35.800 --> 0:51:40.279 they got engaged, They got married two months later, they 0:51:40.320 --> 0:51:42.640 gave birth to a child three months after that. And 0:51:42.680 --> 0:51:45.239 what did he say? Key rings? Same thing Mabel said, 0:51:45.400 --> 0:51:53.560 key rings before wedding rings. Key rings before wedding rings. Okay, 0:51:54.320 --> 0:51:57.680 so now I know you're here. I had to get 0:51:57.680 --> 0:51:59.560 that out of the way just to flip some of 0:51:59.600 --> 0:52:02.799 your mind set around multi family real estate financing. We're 0:52:02.800 --> 0:52:05.160 going to go into the specific strategies right here, right now, 0:52:05.200 --> 0:52:07.680 because I know all y'all are here, like Julian. Okay, 0:52:07.880 --> 0:52:12.120 we fifty two minutes in and you know, Julie, show 0:52:12.200 --> 0:52:15.520 me the money. Okay, I get it now, but show 0:52:15.560 --> 0:52:17.399 me the money. How many already for me to show 0:52:17.440 --> 0:52:24.320 you the money? How many already to show me the money? Okay? 0:52:24.840 --> 0:52:27.279 So the reason I'm not showing the reason I took 0:52:27.320 --> 0:52:29.160 a minute to show you the money is because some 0:52:29.200 --> 0:52:33.600 of your mental real estate is off. You think that 0:52:33.640 --> 0:52:36.040 you just want to go straight to the A step 0:52:36.080 --> 0:52:39.000 A through Z. But the reason some of you don't 0:52:39.040 --> 0:52:40.880 have any physical real estate is because of your mental 0:52:40.880 --> 0:52:43.840 real estate. You have a lot of limiting beliefs and 0:52:43.920 --> 0:52:46.719 mental blockages that are stopping you from actually understanding and 0:52:46.760 --> 0:52:48.680 getting into the game. So we had to get those 0:52:48.719 --> 0:52:50.799 out of the way first to just show you that 0:52:50.880 --> 0:52:53.759 this is possible. Okay. But now that we've addressed some 0:52:53.800 --> 0:52:56.400 of the mental real estate up here, the most important 0:52:56.400 --> 0:52:58.839 real estate that you have, now we can actually get 0:52:58.840 --> 0:53:02.640 into the tactic. The problem is that many of you 0:53:02.719 --> 0:53:05.520 have been pursuing the tactical, but if you have, you 0:53:05.560 --> 0:53:11.040 haven't been addressing the mental. Okay, And here's how I know. 0:53:11.920 --> 0:53:13.879 Almost all of you have read rich Dad, Poor Dad, 0:53:14.040 --> 0:53:17.759 or you bought it. Forty million people have bought rich Dad, 0:53:17.760 --> 0:53:21.200 Poor Dad, but forty million people have not bought real estate. 0:53:23.120 --> 0:53:25.640 So there's a gap there. There's a knowing doing gap. 0:53:26.040 --> 0:53:29.480 I had the information. I watch EYO all the time. 0:53:29.719 --> 0:53:33.239 I'm on market Mondays. I'm watching all these YouTube videos 0:53:33.440 --> 0:53:35.560 on how to buy multi family real estate, but I 0:53:35.640 --> 0:53:40.440 haven't bought multi family real estate. There's a knowing doing gap, 0:53:40.960 --> 0:53:43.839 and that is your mental This is a knowing doing 0:53:43.880 --> 0:53:45.880 gap right here. This is why you aren't able to 0:53:45.880 --> 0:53:48.080 get to the promised land over here. It's because you 0:53:48.200 --> 0:53:51.240 know better, but you're not doing better because there's something 0:53:51.280 --> 0:53:55.359 blocking you here. So I know a lot of you 0:53:55.360 --> 0:53:57.160 want to skip steps. You want to go straight to 0:53:57.200 --> 0:54:00.480 the tactical. But you've had the tactical for however, you've 0:54:00.480 --> 0:54:02.680 been wanting this for five, ten, fifteen years now, you 0:54:02.719 --> 0:54:05.160 still haven't done it. You've had it on the tactical. 0:54:05.640 --> 0:54:07.920 You can go try to piece this together on YouTube, 0:54:08.960 --> 0:54:11.399 blog post podcast. You can watch all the podcast blog 0:54:11.440 --> 0:54:13.719 posts that you want. You have the tactical it's there. 0:54:13.880 --> 0:54:17.880 What nobody teaches you is the mental real estate, okay, 0:54:18.280 --> 0:54:21.680 says be transformed by the renewing of your mind, not 0:54:21.760 --> 0:54:28.960 the renewing of your YouTube playlist. All right, So strategy 0:54:29.040 --> 0:54:35.799 number one, okay, it's FHA fha Okay. FAHA is one 0:54:35.840 --> 0:54:38.400 of our favorite plays to run. And many of you 0:54:38.440 --> 0:54:40.320 know this. And for those of you who already have doors, 0:54:40.400 --> 0:54:45.040 who already use FAHA, stay tuned. Okay. So with FHA, 0:54:45.440 --> 0:54:47.319 you literally only have to put three and a half 0:54:47.360 --> 0:54:50.400 percent down, Okay, three and a half percent down. So 0:54:50.440 --> 0:54:52.480 this is a duplex that I control in New Orleans, 0:54:52.600 --> 0:54:54.960 and three and a half percent down is only ten thousand, 0:54:55.160 --> 0:55:00.439 five hundred dollars, right, It's ten thousand, five hundred dollars, right, 0:55:00.920 --> 0:55:03.759 And so this is very very powerful. So let me 0:55:03.880 --> 0:55:09.360 show you what that looks like, right, And three hundred 0:55:09.360 --> 0:55:13.160 thousand dollars three point five percent down, ten thousand, five 0:55:13.239 --> 0:55:16.520 hundred dollars, okay, to control the three hundred thousand dollars property. 0:55:16.560 --> 0:55:19.120 The rents on this property are thirty two hundred dollars. 0:55:19.200 --> 0:55:22.120 The more you're just twelve fifty nine, the taxes insurance 0:55:22.239 --> 0:55:24.520 are three thirty five and the CAPEX repairers are of 0:55:24.520 --> 0:55:28.080 the vacancy rate are five hundred and fifteen dollars. Okay, 0:55:28.239 --> 0:55:30.319 this is money that I set aside from rents every 0:55:30.360 --> 0:55:34.000 single month for future repairs in vacancy. All right. So 0:55:34.040 --> 0:55:36.520 people say, Julian, how do you fix the property? What 0:55:36.680 --> 0:55:40.080 every month? When I get the thirty two hundred dollars 0:55:40.120 --> 0:55:43.640 in rent, I set aside five hundred and fifteen dollars 0:55:43.719 --> 0:55:46.600 every single month for future repairs. Does this makes sense? 0:55:47.560 --> 0:55:53.880 CAPEX is capital expenditures roof, foundation, electrical, plumbing, HVAC. I 0:55:53.920 --> 0:55:56.160 know that those are going to be big bills later on, 0:55:56.239 --> 0:56:03.040 so I'm starting to save for them now Today. Big 0:56:03.080 --> 0:56:05.080 expenses don't come out of my pocket. They come out 0:56:05.120 --> 0:56:07.319 of my cap X and my repair reserves that I've 0:56:07.360 --> 0:56:15.440 been saving. This makes sense, okay. And then the cash 0:56:15.480 --> 0:56:18.520 flow on this property is one thousand, ninety dollars every 0:56:18.560 --> 0:56:21.000 single month for the rest of my life. Okay. So 0:56:21.080 --> 0:56:23.160 here's an old rent check from this property about this 0:56:23.200 --> 0:56:25.719 property in twenty nineteen. This is an old rent check 0:56:25.960 --> 0:56:28.640 from that property. Okay, thirty two hundred dollars every single month, 0:56:28.680 --> 0:56:32.799 sixteen hundred per unit. All right, so answer me this, 0:56:33.520 --> 0:56:35.440 what are the business? Can you buy for three hundred 0:56:35.440 --> 0:56:37.879 thousand dollars with only ten thousand, five hundred dollars down, 0:56:38.239 --> 0:56:40.520 get finance for the other two hundred and eighty nine 0:56:40.520 --> 0:56:43.359 thousand dollars in thirty to forty five days simply by 0:56:43.360 --> 0:56:46.920 emailing some documents to a lender, have that business immediately 0:56:46.920 --> 0:56:49.319 cash low in thirty days and succeed with minimum time, 0:56:49.360 --> 0:57:08.360 effort experience. Please let me know in chat there are none. 0:57:10.120 --> 0:57:13.560 There are none. Family rest in pieces of Alex Trebet. 0:57:14.560 --> 0:57:16.720 This is why multi family real estate has to be 0:57:16.800 --> 0:57:19.200 the first asset in your family's name. There are so 0:57:19.240 --> 0:57:22.040 many benefits from it, removing your house and expense, it 0:57:22.160 --> 0:57:25.360 providing you with cash flow, providing you with tax savings right, 0:57:25.720 --> 0:57:29.840 and also principal paydown and appreciation. Right. These five benefits, 0:57:29.880 --> 0:57:31.960 there's no other asset class that provides you with all 0:57:32.000 --> 0:57:34.400 five of those things. You cannot live in your stock portfolio, 0:57:35.240 --> 0:57:38.240 you cannot live in your cryptocurrency, you cannot live in 0:57:38.280 --> 0:57:43.000 your NFT okay, but you can live in your multi 0:57:43.000 --> 0:57:45.840 family home. So not only is it an asset, but 0:57:45.880 --> 0:57:48.720 It also removes your biggest expense that you will have 0:57:48.800 --> 0:57:51.640 in life, even greater than taxes, which is your house 0:57:51.680 --> 0:57:56.960 and expense. Okay, So here's why you buy your multi 0:57:56.960 --> 0:57:59.560 family first and not a single family. Okay, So listen 0:57:59.600 --> 0:58:03.080 to this. If you use your three and a half 0:58:03.120 --> 0:58:05.480 percent down for your single family one hundred thousand dollars 0:58:05.520 --> 0:58:10.280 single family, right, that's thirty five hundred dollars down payment. Ooh, 0:58:10.280 --> 0:58:11.640 look at me, I got a house for thirty five 0:58:11.680 --> 0:58:14.080 hundred dollars. Okay, But then you come to this webinar, 0:58:14.160 --> 0:58:15.240 you say, Julian and I am going to be a 0:58:15.280 --> 0:58:17.920 multifimmering real estate investor. Now, little did you know is 0:58:17.960 --> 0:58:19.959 that you're gonna have to put twenty five percent down 0:58:19.960 --> 0:58:22.840 for a non owner occupied multifammy home. If you do 0:58:22.920 --> 0:58:25.520 not live in the property. It's gonna be twenty five 0:58:25.520 --> 0:58:27.600 percent down to twenty five percent down on that three 0:58:27.720 --> 0:58:30.600 hundred thousand dollars property is seventy five thousand dollars. So 0:58:30.760 --> 0:58:32.960 let's add up those two down payments and watch this. 0:58:33.400 --> 0:58:37.800 That's seventy eight thousand dollars worth of down payment. Okay, okay, 0:58:38.520 --> 0:58:42.960 now watch this. Get your mind blown. The Mosi's ready, 0:58:43.600 --> 0:58:46.280 I'm going to answer questions live at the end. Family, 0:58:46.320 --> 0:58:50.120 I see you answer asking questions. Everybody, please hold your questions, 0:58:50.680 --> 0:58:54.000 copy them, paste them on a word document, on a note, 0:58:54.040 --> 0:58:56.760 and I'm going to answer questions live at the end. Okay. 0:58:56.920 --> 0:58:58.920 I got to get through the presentation first, which is 0:58:58.920 --> 0:59:04.000 the reason people came, and any miscellaneous questions about the 0:59:04.040 --> 0:59:07.280 presentation or otherwise I will answer at the end. Is 0:59:07.320 --> 0:59:12.680 that fair? Is that cool? Everybody? I'm just seeing tons 0:59:12.680 --> 0:59:14.760 of questions in the chat. I know you're excited. I 0:59:14.800 --> 0:59:17.680 know you want to learn, right, but I'm literally teaching 0:59:17.680 --> 0:59:20.560 a thousand people right now, So I can't just run 0:59:20.600 --> 0:59:24.320 off down this road with you. When these thousand people 0:59:24.360 --> 0:59:26.160 came here for a specific reason, which was to learn 0:59:26.240 --> 0:59:30.560 these six strategies. All right, it would actually be selfish 0:59:30.600 --> 0:59:32.680 if I just went down that road with you while 0:59:32.760 --> 0:59:35.000 nine hundred and ninety nine other people just were waiting 0:59:35.080 --> 0:59:39.200 for me to come back. So I'm going to answer 0:59:39.280 --> 0:59:42.720 questions live at the end. Is that clear? All right? Cool? 0:59:43.400 --> 0:59:46.360 Back to the lecture at hand. So watch this, y'all. 0:59:46.840 --> 0:59:50.120 If all we did was change the sequence, If all 0:59:50.120 --> 0:59:52.080 we did would change the sequence, plus what happened to 0:59:52.120 --> 0:59:54.880 the total down payment, y'all watch this. If we put 0:59:54.880 --> 0:59:57.120 three and a half percent down on our multifamily, first, 0:59:57.360 --> 0:59:59.920 look at the total down payment ten five hundred dollars. 1:00:00.320 --> 1:00:02.040 Then after living there for one year, which is the 1:00:02.080 --> 1:00:04.840 FAHA requirement, then we put twenty five percent down on 1:00:04.880 --> 1:00:07.360 our single family, which is actually not required if it's 1:00:07.360 --> 1:00:09.040 a single family that you're going to live in, But 1:00:09.240 --> 1:00:11.400 just to keep the numbers consistent, twenty five percent down 1:00:11.440 --> 1:00:13.880 one hundred thousand dollar properties only twenty five thousand dollars. 1:00:14.240 --> 1:00:16.960 So now the total down payments for the same two 1:00:17.000 --> 1:00:22.120 properties is only thirty five thousand dollars. The same two 1:00:22.160 --> 1:00:26.880 properties you now control for half the money. Did y'all 1:00:26.920 --> 1:00:30.960 catch that? All we did was changed the sequence. The 1:00:31.040 --> 1:00:34.600 numbers don't lie. There's no magic tricks here, family. All 1:00:34.640 --> 1:00:36.400 we did was change the sequence. All we did was 1:00:36.400 --> 1:00:38.840 get off the American dream. And you can see how 1:00:38.920 --> 1:00:41.520 much easier it is for you to acquire multiple properties 1:00:42.200 --> 1:00:45.840 then for you to get your single family first and 1:00:45.880 --> 1:00:52.520 then try to buy multifamily. Literally half the money. Forty 1:00:52.560 --> 1:00:56.760 three thousand dollars difference. Okay, it would take some of 1:00:56.800 --> 1:01:01.240 you four years to save up an additional forty three 1:01:01.240 --> 1:01:03.640 thousand dollars. I literally just saved you four years if 1:01:03.640 --> 1:01:06.560 you're able to save one thousand dollars a month. Okay, 1:01:06.880 --> 1:01:09.800 So this is the key to knowing the play to run. 1:01:10.040 --> 1:01:12.440 So this is how we would use FAHA. So basically, 1:01:12.520 --> 1:01:15.320 for those who are renting right now, you're renting, you're 1:01:15.320 --> 1:01:17.840 paying one thousand dollars a month. The landlord takes that 1:01:17.960 --> 1:01:21.360 thousand dollars, that four thousand dollars, okay, they pay their 1:01:21.400 --> 1:01:24.480 two thousand dollars mortgage, they pocket the other two thousand, 1:01:24.640 --> 1:01:26.600 and they use that for their single family home or 1:01:26.640 --> 1:01:28.920 for their lifestyle. Right. And so now what you want 1:01:28.960 --> 1:01:30.880 to do is you want to acquire a four plex 1:01:31.080 --> 1:01:33.840 right or triplex like I did in Brooklyn. Now you're 1:01:33.880 --> 1:01:36.680 receiving you're living in this unit for free. Right, You're 1:01:36.720 --> 1:01:40.520 receiving three thousand dollars in rent. Right, you're saving three 1:01:40.560 --> 1:01:43.280 thousand dollars rent from the other units. But guess what, 1:01:43.440 --> 1:01:45.360 on top of that, you're no longer paying rent anymore. 1:01:45.520 --> 1:01:48.080 So that's actually four thousand dollars in your pocket. So 1:01:48.120 --> 1:01:50.520 you now take that, you live here for one year, okay, 1:01:50.560 --> 1:01:53.440 which is the FAKA requirement, then you go buy you 1:01:53.440 --> 1:01:55.760 pay your mortgage of two thousand. Then you go buy 1:01:55.800 --> 1:01:58.080 the single family home that you desire. Now you move 1:01:58.120 --> 1:02:00.120 a tenant into the unit that you are in. Now 1:02:00.160 --> 1:02:04.240 you're receiving four thousand dollars from this property right plus 1:02:04.280 --> 1:02:06.920 the one thousand dollars from no longer paying rent anymore. 1:02:07.280 --> 1:02:09.240 And now you pay the two thousand dollars mortgage over 1:02:09.240 --> 1:02:11.600 here and the two thousand dollars mortgage over here. Now 1:02:11.640 --> 1:02:14.640 you have two properties, a try four plex and a 1:02:14.680 --> 1:02:17.440 single family. And you went from paying negative one thousand 1:02:17.480 --> 1:02:22.440 dollars in rent every single month to now having two properties, 1:02:22.440 --> 1:02:25.320 a four plex plus your single family. And then did 1:02:25.320 --> 1:02:27.920 it and then did it? Excuse me? And an additional 1:02:29.120 --> 1:02:33.600 one thousand dollars in your pocket every single month. And 1:02:33.680 --> 1:02:37.680 literally this can happen in under two years if you 1:02:37.760 --> 1:02:40.439 lock in and get focused. You can get your rent 1:02:40.480 --> 1:02:44.280 mortgage freedom in three months if you lock in, But 1:02:44.320 --> 1:02:47.480 then after fulfilling the one year FAKA requirement, then in 1:02:47.520 --> 1:02:50.520 about fifteen months or more, you can actually have the 1:02:50.560 --> 1:02:52.439 single family that you desire, and you're not even paying 1:02:52.440 --> 1:02:57.480 for it. So you went from paying negative one thousand 1:02:57.560 --> 1:02:59.640 dollars every single month and having nothing to show for 1:02:59.680 --> 1:03:03.880 it to now having two properties a four plex and 1:03:03.880 --> 1:03:06.800 a single family that you desire plus one thousand dollars 1:03:06.840 --> 1:03:13.560 in your pocket positive cash flow? Are you'll grasping this? Okay? 1:03:14.120 --> 1:03:18.360 So most people after they get their first multi family home, 1:03:18.400 --> 1:03:21.760 they're like, I want to get my single family home now, Matt, 1:03:21.760 --> 1:03:26.320 and I say, no, not yet. I didn't buy my 1:03:26.320 --> 1:03:29.080 first single family home til I had twenty doors. We 1:03:29.200 --> 1:03:31.160 encourage you not to buy your first single family home 1:03:31.240 --> 1:03:34.960 until you have ten doors. Okay. And so did you 1:03:35.000 --> 1:03:38.240 know that you can use faha twice? Did you know 1:03:38.280 --> 1:03:45.120 that you could use faha twice? You can use faha 1:03:45.640 --> 1:03:54.400 multiple times. I can use faha twice? How sway? How sway? 1:03:54.600 --> 1:04:00.000 Yes you can? Right, So instead of buying a single family, 1:04:00.520 --> 1:04:03.480 we actually want you to go buy a triplex, okay, 1:04:04.040 --> 1:04:06.840 after the four plex, and then a duplex, and then 1:04:06.920 --> 1:04:11.920 your single family. This is the four three two one strategy. Okay. 1:04:12.080 --> 1:04:15.240 And the reason why is that a lender, if you 1:04:15.320 --> 1:04:17.000 go from a single family and then you tell them 1:04:17.000 --> 1:04:19.200 that you're going to buy a triplex, they see that 1:04:19.280 --> 1:04:22.480 as a downgrade and they don't believe you. They don't 1:04:22.480 --> 1:04:24.520 believe you. Why would you do that you're just trying 1:04:24.520 --> 1:04:26.480 to use the FAKA program to get over on us 1:04:26.480 --> 1:04:29.400 and to acquire an investment property. We don't believe that 1:04:29.400 --> 1:04:31.200 that's what you're really going to do, and so we're 1:04:31.200 --> 1:04:33.520 not going to lend to you. But if you are 1:04:33.560 --> 1:04:35.800 going from a four plex down to a triplex, or 1:04:35.840 --> 1:04:38.160 a triplex down to a duplex, or duplex down to 1:04:38.160 --> 1:04:40.360 a single family home, they see that as an upgrade 1:04:40.400 --> 1:04:43.760 to your life. Now, this is an upgrade from a 1:04:43.800 --> 1:04:47.200 wealth standpoint, but from the lender's perception, in the FAHA 1:04:47.240 --> 1:04:51.520 guidelines perception, they see this as a downgrade. So it 1:04:51.560 --> 1:04:54.400 becomes very difficult for you to get financed for a 1:04:54.480 --> 1:04:57.280 multi family home that is greater, it has more doors 1:04:57.360 --> 1:05:02.320 than the one you're currently living in. Okay, So, all 1:05:02.360 --> 1:05:05.160 my single family buyers, if you feel you messed up, 1:05:05.200 --> 1:05:08.160 type messed up, I'm not doing this to shame you. 1:05:08.400 --> 1:05:13.080 I'm doing this to educate all the renters that are here. Renters. 1:05:13.080 --> 1:05:16.280 Just look at the chat real quick, Renters, look at 1:05:16.280 --> 1:05:20.600 the chat real quick. I hope you all are seeing this. 1:05:22.800 --> 1:05:26.440 You got about sixty single family buyers who are telling 1:05:26.480 --> 1:05:30.560 you anonymously that they messed up. Do not follow in 1:05:30.600 --> 1:05:32.760 my footsteps. Now, some of y'all gonna be hard headed. 1:05:32.800 --> 1:05:34.760 You're gonna do what you do anyways. I wish you 1:05:34.800 --> 1:05:37.760 the best, but you literally have sixty or seventy single 1:05:37.800 --> 1:05:41.960 family buyers saying do not do what I DIDs. Are 1:05:42.000 --> 1:05:50.440 you seeing this? Renters? Are you seeing this? Okay? Now again, 1:05:51.080 --> 1:05:52.600 for those of you who bought single family homes, you're 1:05:52.600 --> 1:05:54.800 not stuck unless you choose to be. There are six 1:05:54.840 --> 1:05:57.120 ways to reverse yourself out of the situation. Only two 1:05:57.160 --> 1:05:59.040 of them require you to sell, and there are five 1:05:59.080 --> 1:06:02.520 ways to use FAH twice. Okay, so how do I 1:06:02.640 --> 1:06:09.480 use FAJA twice? Here are some of the strategies. One relocation. 1:06:09.920 --> 1:06:12.439 They have a one hundred mile rule. If you move 1:06:12.640 --> 1:06:15.800 over one hundred miles away from your current property, you 1:06:15.840 --> 1:06:19.320 can use FAHA again. If you increase in family size 1:06:19.400 --> 1:06:22.000 and the single family that you bought no longer fits 1:06:22.080 --> 1:06:25.480 or suit your family, you can use FAHA again. If 1:06:25.480 --> 1:06:28.200 you are vacating a jointly owned property due to divorce 1:06:28.280 --> 1:06:32.200 or something like that, you can use FAHA again. If 1:06:32.240 --> 1:06:35.760 you are non occupying co borrower, mean that you bought 1:06:35.800 --> 1:06:38.520 a home for an aging parent or something like that, 1:06:38.720 --> 1:06:44.760 and guess what you can use FAHA again. Okay, So 1:06:44.960 --> 1:06:48.600 these are some of the strategies within the guidelines that 1:06:48.680 --> 1:06:54.480 allow you to use FAHA another time. All right, So 1:06:54.560 --> 1:06:58.760 you are not stuck unless you choose to be all right. So, 1:06:59.160 --> 1:07:01.760 FAHA will not sure more than one property as a 1:07:01.760 --> 1:07:04.920 principal residence for a borrower, except as noted below. FAHA 1:07:04.960 --> 1:07:06.760 will not ensure a mortgage if it is determined that 1:07:06.800 --> 1:07:10.520 the transaction were designed to use FAHA mortgage insurance as 1:07:10.560 --> 1:07:14.120 a vehicle for obtaining investment properties. Even if the property 1:07:14.120 --> 1:07:17.920 to be insured will be only one owned using FAHA 1:07:18.040 --> 1:07:20.800 mortgage insurance, the property must be owner occupied for at 1:07:20.840 --> 1:07:23.920 least a year. So when you were talking to a lender, family, 1:07:25.200 --> 1:07:30.240 never ever, ever, ever, ever, ever ever use the word 1:07:30.840 --> 1:07:37.720 investor or investment. Never use the word investment property when 1:07:37.720 --> 1:07:42.920 you were trying to get an FAHA mortgage. Don't use it, Okay, 1:07:44.040 --> 1:07:48.240 don't use it, all right. So that is strategy one. 1:07:49.280 --> 1:07:53.440 Strategy two is NAKA And yes, you see that correctly. 1:07:54.080 --> 1:07:59.400 Naka is zero percent down zero as in zero. It 1:07:59.440 --> 1:08:02.080 don't really get lower than that. People like Julian, Can 1:08:02.120 --> 1:08:04.240 I get a house for free somewhere? No, there's no 1:08:04.320 --> 1:08:06.680 free houses but zero percent down is as closed as 1:08:06.720 --> 1:08:10.400 you can get. There's still closing costs, but zero percent 1:08:10.440 --> 1:08:13.080 down is as closed as it gets to free. Okay, 1:08:13.480 --> 1:08:16.080 and Naka is for first time home buyers only. It's 1:08:16.160 --> 1:08:18.839 not for investors who are trying to get a second property. 1:08:18.920 --> 1:08:23.960 Okay and so Naka has no down payment, no closing costs, 1:08:23.960 --> 1:08:24.320 no point. 1:08:25.520 --> 1:08:27.719 This episode is brought to you by P and C Bank. 1:08:28.160 --> 1:08:30.920 A lot of people think podcasts about work are boring, 1:08:31.120 --> 1:08:34.960 and sure they definitely can be, but understanding a professionals 1:08:35.040 --> 1:08:38.280 routine shows us how they achieve their success little by little, 1:08:38.680 --> 1:08:42.280 day after day. 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See your intellectual property. 1:11:18.840 --> 1:11:20.800 What you know is the reason why you don't have 1:11:20.840 --> 1:11:24.920 physical property. Your intellectual property can get you physical property, 1:11:24.960 --> 1:11:26.720 but many of you just don't know enough. This is 1:11:26.720 --> 1:11:30.000 why you're here right now, Okay, And so NAKA is 1:11:30.040 --> 1:11:34.040 a very powerful program. No down payment, no closing costs, 1:11:34.040 --> 1:11:37.120 no points or fees, right, and no credit score consideration. 1:11:38.680 --> 1:11:41.880 All right. Marlee said, I paid nine thousand dollars in 1:11:41.920 --> 1:11:44.519 closing costs with NACA, but Marlese did that because she 1:11:44.600 --> 1:11:46.679 was buying down her interest rate. She didn't have to 1:11:46.720 --> 1:11:49.280 buy down her interest rate. She could accepted the standard 1:11:49.360 --> 1:11:51.120 interest rate that they had, but she decided to buy 1:11:51.120 --> 1:11:52.720 it down, and so she has a one point three 1:11:52.760 --> 1:11:55.719 seventy five interest rate, which is basically free money. Okay. 1:11:56.280 --> 1:12:02.960 So the website is in ACA dot com, in ACA 1:12:03.560 --> 1:12:08.040 dot com, Okay, in ACA dot com. So your excuse 1:12:08.080 --> 1:12:10.160 if I can't afford it, I've literally wiped that clean. 1:12:10.400 --> 1:12:12.559 I never want to hear that from you again. I've 1:12:12.600 --> 1:12:16.000 literally given you a zero percent down program. You want 1:12:16.000 --> 1:12:18.200 somebody to pay you to buy a property? What do 1:12:18.240 --> 1:12:20.240 you want from there? What else can I give you 1:12:20.280 --> 1:12:24.080 besides that? Okay? So if you want to see what 1:12:24.120 --> 1:12:27.720 this looks like, you want to see what this looks like. 1:12:27.960 --> 1:12:30.479 This is Gloria. Gloria said, I close on my first 1:12:30.520 --> 1:12:33.719 triplex July first and Philadelphia through NAKA. I was approved 1:12:33.720 --> 1:12:35.639 for four to eighty with one point five percent interest, 1:12:35.800 --> 1:12:39.599 asking price five twenty, offered five ten cellar, pay two 1:12:39.600 --> 1:12:41.760 percent closing costs for me to close on the home, 1:12:41.960 --> 1:12:44.639 and I walked away only paying title fees. I'm still 1:12:44.640 --> 1:12:47.360 in disbelief. So if you don't believe this is possible, 1:12:47.400 --> 1:12:50.160 this is Gloria. She did it. Y'all know how much 1:12:50.160 --> 1:12:53.920 title fees are. You'll know how much title fees are 1:12:53.920 --> 1:12:57.920 our family. She bought a triplex in Philadelphia for title fees. 1:12:58.080 --> 1:13:00.519 Title fees are the equivalent to a pair of jordan Yep, 1:13:00.560 --> 1:13:03.639 Jamila got it right. Rashida got it right. Title fees 1:13:03.680 --> 1:13:05.599 are the equivalent to a pair of Jordan's. She bought 1:13:05.600 --> 1:13:09.000 a triplex for a pair of Jordan's. Family. Title fees 1:13:09.000 --> 1:13:10.960 are the equivalent of a round trip flight from New 1:13:11.040 --> 1:13:13.720 York to Los Angeles and back. That's all title fees are. 1:13:15.160 --> 1:13:17.400 And she got a triplex. So some of y'all out 1:13:17.400 --> 1:13:18.880 here talking about all Ie got the money, I'm them 1:13:18.880 --> 1:13:21.760 in paycheck to paycheck. Stop lying, because if I looked 1:13:21.760 --> 1:13:23.800 at your bank statement over the past ninety days, I 1:13:23.800 --> 1:13:27.559 could find four hundred dollars wasted. Some of y'all blew 1:13:27.560 --> 1:13:32.040 two hundred dollars on dinner this past weekend. Some of 1:13:32.120 --> 1:13:36.320 y'all blew two hundred dollars in Target yesterday. Some of 1:13:36.360 --> 1:13:39.759 y'all got shoes and clothes in your closet with tags 1:13:39.760 --> 1:13:41.519 on them. That you ain't even worn. That's over two 1:13:41.600 --> 1:13:48.800 hundred dollars. Now, listen to me. Some of y'all got 1:13:48.800 --> 1:13:54.080 designer clothes with other families names on them, hanging up 1:13:54.080 --> 1:13:57.320 in a closet that's owned by another family while your 1:13:57.320 --> 1:14:04.880 family is struggling. You got designer clothes with some Italian 1:14:04.960 --> 1:14:08.040 family's name on it, hanging up in a closet of 1:14:08.080 --> 1:14:16.679 another family. While your family is struggling. You are living 1:14:16.720 --> 1:14:20.200 paycheck to paycheck. You lying. You're not living paycheck to paycheck. 1:14:20.240 --> 1:14:24.560 You are lying. You were making bad choices. Your priorities 1:14:24.600 --> 1:14:28.800 are not in order. That's what's really going on. So 1:14:28.840 --> 1:14:31.599 when you're ready to stop living to lie and talking 1:14:31.800 --> 1:14:34.080 is to start talking about the truth, telling the truth 1:14:34.120 --> 1:14:36.360 about your situation, then we can talk. But as long 1:14:36.400 --> 1:14:38.320 as you want to stay in your illusion, I can't 1:14:38.320 --> 1:14:43.280 help you. As long as you want to stay in 1:14:43.320 --> 1:14:46.320 your illusion that you broke and you ain't got no money, 1:14:46.439 --> 1:14:49.320 I can't help you. I need you to have an 1:14:49.320 --> 1:14:53.479 abundance mindset. You know, I drove a two thousand Honda 1:14:53.520 --> 1:14:57.439 accord until two thousand and eighteen. I drove a two 1:14:57.520 --> 1:15:06.120 thousand Honda accord until two thousand eighteen. Okay, this was 1:15:06.160 --> 1:15:09.080 the sacrifice I was willing to make to build my portfolio. 1:15:09.160 --> 1:15:11.599 Some of y'all are just not ready. Some of y'all 1:15:11.600 --> 1:15:15.040 got nicer cars than me right now. Some of y'all 1:15:15.040 --> 1:15:19.679 got nicer clothes than me right now. But you don't 1:15:19.680 --> 1:15:23.800 own anything. Some of y'all all, y'all own is some clothes, electronics, 1:15:23.800 --> 1:15:26.000 and some furniture. If I look at your balance sheet, 1:15:26.080 --> 1:15:31.720 all you own is some clothes, some electronics, and some furniture. 1:15:33.320 --> 1:15:35.720 If you die today, there would be nothing to pass on. 1:15:35.800 --> 1:15:38.519 People don't want your clothes. People don't want your furniture, 1:15:39.760 --> 1:15:44.160 people don't want your electronics. If you're trying to create 1:15:44.200 --> 1:15:47.679 regenerational wealth, then you need to buy assets that will 1:15:47.720 --> 1:15:53.000 be handed out from generation to generation to generation. Said you, 1:15:53.360 --> 1:15:55.719 No more buying red bottoms when your bank account is bleeding, 1:15:58.439 --> 1:16:00.920 No more buying coach bags when you need a life coach. 1:16:09.360 --> 1:16:14.360 All right, yeah, straight, No, Chaser, I'm just calling you 1:16:14.400 --> 1:16:16.880 on your BS. I'm calling you on your BS. We 1:16:16.880 --> 1:16:18.600 don't have time to play around if we're trying to 1:16:18.600 --> 1:16:21.479 close the wealth gap. This is tough love. I hope 1:16:21.479 --> 1:16:23.320 you can tell that I'm coming from a place of love. 1:16:23.520 --> 1:16:25.760 This is tough love. I'm not trying to put you down. 1:16:25.760 --> 1:16:28.160 I'm trying to light a fire under your assets. What 1:16:28.200 --> 1:16:31.120 does it say this has assets over liabilities. I'm trying 1:16:31.120 --> 1:16:35.760 to light a fire under your assets. And I don't 1:16:35.760 --> 1:16:40.240 know why anybody else hasn't done this before. Okay, because 1:16:40.240 --> 1:16:41.840 this is just how I talk. If you're not ready 1:16:41.840 --> 1:16:47.040 for it, if you're sensitive, then I'm sorry. Okay. So 1:16:47.560 --> 1:16:51.040 not only did Gloria do this, The first family that 1:16:51.080 --> 1:16:53.040 I helped close on a multi family home was a 1:16:53.120 --> 1:16:54.920 royal family and they closed on a four plex in 1:16:54.960 --> 1:16:58.559 Los Angeles. Right, four plex in Los Angeles using knack up, 1:16:58.680 --> 1:17:05.439 all right, So that's number two. Number three is matt 1:17:05.479 --> 1:17:08.560 and other favorite strategy, which is the FAKA two O 1:17:08.640 --> 1:17:12.559 three K, the FAHA two O three K. And this 1:17:12.640 --> 1:17:16.519 is so powerful because it allows you to buy a 1:17:16.560 --> 1:17:20.479 property to rehab and get finance for the renovation. So 1:17:20.560 --> 1:17:23.000 let's say you find an eighty thousand dollars property and 1:17:23.040 --> 1:17:25.679 it needs a sixty thousand dollars rehab. That's one hundred 1:17:25.720 --> 1:17:30.080 and forty thousand dollars. FAHA two O three K will 1:17:30.240 --> 1:17:32.280 only charge you three and a half percent down on 1:17:32.439 --> 1:17:35.720 the one hundred and forty thousand dollars, which is only 1:17:35.760 --> 1:17:38.599 four thousand, nine hundred dollars, and then they will finance 1:17:38.640 --> 1:17:41.680 you for the other one hundred and thirty five thousand dollars, 1:17:42.600 --> 1:17:45.559 and you will get a consultant to help you with 1:17:45.680 --> 1:17:48.519 the rehab to make sure that it's done properly. So 1:17:48.560 --> 1:17:51.519 this is the FAHA two O three K where you 1:17:51.560 --> 1:17:55.200 can get into a rehab property and build it out 1:17:55.240 --> 1:17:57.680 the way that you desire and get finance for the renovation. 1:17:58.240 --> 1:18:02.839 And what's beautiful about this is that if done properly, 1:18:02.960 --> 1:18:05.880 if the rehab is done properly, that property won't just 1:18:05.880 --> 1:18:08.200 be worth one hundred and forty thousand dollars, it will 1:18:08.200 --> 1:18:10.960 actually your praise at one hundred and seventy thousand dollars, 1:18:11.080 --> 1:18:14.960 meaning that you now also have thirty thousand dollars in equity. 1:18:15.920 --> 1:18:18.400 This is the FAHA two oh three K. Matt and 1:18:18.400 --> 1:18:27.519 I love this particular loan product, okay. Right next is 1:18:27.680 --> 1:18:30.680 the Home Possible loan for first time home buyers, and 1:18:30.720 --> 1:18:33.960 it is very similar to the FAH loan, Okay, but 1:18:34.720 --> 1:18:37.960 with Home Possible, you need a little bit higher credit score, right, 1:18:38.479 --> 1:18:42.639 and you can cancel your private mortgage insurance also known 1:18:42.680 --> 1:18:46.719 as PMI. You can cancel it once the property reaches 1:18:46.720 --> 1:18:50.360 an eighty percent loan to value ratio. You cannot cancel 1:18:50.400 --> 1:18:52.840 it with the fah loan anymore. And you used to 1:18:52.880 --> 1:18:55.000 come off after five years. It no longer comes off 1:18:55.040 --> 1:18:58.559 after five years automatically. So this is the benefit of 1:18:58.600 --> 1:19:02.120 the Home Possible loan. Okay, But minimum down payment is 1:19:02.160 --> 1:19:05.400 three percent. Your credit score minimum must be sixty sixty. 1:19:05.560 --> 1:19:09.439 You can cancel PMI. Sellar assistance can be up to 1:19:09.479 --> 1:19:13.200 three percent. The loan limits varied by market, and the 1:19:13.240 --> 1:19:16.240 borrow income limits varies by market. So this is the 1:19:16.520 --> 1:19:20.599 home Possible loan. Yes, it's very similar to a conventional loan, okay, 1:19:21.479 --> 1:19:26.040 very similar. So what is PMI. PMI is private mortgage insurance. 1:19:26.040 --> 1:19:28.120 So there's literally just money that's set aside to protect 1:19:28.120 --> 1:19:30.680 the banks. Now why the banks need protection, I don't know. 1:19:30.840 --> 1:19:32.600 The banks are the ones who got bailed out for 1:19:32.640 --> 1:19:35.040 their poor decisions, right, so it's not the banks that 1:19:35.080 --> 1:19:37.479 need to protection. It's the consumers that need protection. But 1:19:38.960 --> 1:19:41.360 the government has set up PMI to protect the banks 1:19:41.400 --> 1:19:45.360 to prevent the market from crashing again. So basically PMI 1:19:45.760 --> 1:19:48.160 what they'll do is you'll get a percentage based on 1:19:48.200 --> 1:19:50.840 your credit profile. And if you have a mortgage of 1:19:50.880 --> 1:19:53.679 five hundred thousand dollars, let's say your PMI is one percent, 1:19:54.160 --> 1:19:56.759 so that's basically they'll take us. They'll take one percent 1:19:56.800 --> 1:19:59.559 a year, which is five thousand dollars, right, and then 1:19:59.680 --> 1:20:03.479 divide that by twelve months, and your PMI would be 1:20:03.479 --> 1:20:06.320 literally four hundred and sixteen dollars every single month going 1:20:06.320 --> 1:20:09.519 to the banks to protect them. It's not going against 1:20:09.520 --> 1:20:12.240 your principle or anything like that. It's literally going to 1:20:12.280 --> 1:20:16.760 protect the banks. So if we can avoid PMI, we're 1:20:16.800 --> 1:20:20.080 happy to do so, right, We would love that, But 1:20:20.400 --> 1:20:23.559 this is literally a mechanism set up to protect the banks, 1:20:23.600 --> 1:20:27.080 and it's predatory on all consumers who are buying property. 1:20:27.439 --> 1:20:29.439 But it's just part of the game, and you have 1:20:29.479 --> 1:20:32.240 to find a deal that's great enough to make sure 1:20:32.280 --> 1:20:36.880 that it accounts for private mortgage insurance. All right, cool? 1:20:37.960 --> 1:20:41.360 Next up Strategy five is VA loan. Okay, this is 1:20:41.360 --> 1:20:43.720 for all the veterans that are out there. Yes you 1:20:43.760 --> 1:20:46.400 can use your VA loan for multifami real estate, and 1:20:46.560 --> 1:20:50.400 yes you can use your VA loan multiple times. VA 1:20:50.479 --> 1:20:52.719 loan is one of the best mortgages in the entire country. 1:20:52.760 --> 1:20:57.679 It's only zero percent down, zero percent down, okay, So 1:20:57.880 --> 1:21:00.800 this is why I love the VA loan. So all 1:21:00.800 --> 1:21:03.639 my vests out there, thank you for your service. Your 1:21:03.680 --> 1:21:07.320 eligibility is that you serve ninety days consecutive during the 1:21:07.360 --> 1:21:11.519 wartime on eighty one days of service during peacetime, you 1:21:11.520 --> 1:21:13.360 have more than six years of service in the National 1:21:13.360 --> 1:21:17.839 Guard Reserve, or you are the spouse of that particular person. Okay. 1:21:18.040 --> 1:21:23.439 If you fit those requirements, it's zero percent down, no PMI. Right. 1:21:24.640 --> 1:21:27.240 For those who sacrifice their life for this country, the 1:21:27.240 --> 1:21:30.600 government has set up this particular loan product to support 1:21:31.120 --> 1:21:34.679 them and owning a piece of this country. So that 1:21:34.840 --> 1:21:37.599 is for the VA loan right. So of course not 1:21:37.600 --> 1:21:40.479 everybody's eligible for that, but that is a powerful tool 1:21:40.720 --> 1:21:45.880 if you are a veteran. Okay. Strategy six is conventional 1:21:45.960 --> 1:21:48.680 five percent primary, meaning that this is going to be 1:21:48.760 --> 1:21:52.240 your primary residence. Okay. So what that looks like is 1:21:53.080 --> 1:21:55.439 you are putting on a three hundred thousand dollar property. 1:21:55.439 --> 1:21:57.719 You put five percent down, which is fifteen thousand dollars. 1:21:57.960 --> 1:22:00.400 Now you're only getting rent from one unit, so instead 1:22:00.400 --> 1:22:03.000 of thirty two hundred dollars a rent. You're getting sixteen hundred. 1:22:03.120 --> 1:22:05.800 The mortgage is twelve fifty nine, the taxes insurance are 1:22:05.800 --> 1:22:08.040 three thirty five. The capex of payers of a vacancy 1:22:08.080 --> 1:22:12.320 rate is five fifteen. Your rent, excuse me, your rent. 1:22:12.920 --> 1:22:19.639 Your former rent was twelve hundred. So the property right 1:22:19.760 --> 1:22:22.960 cash flows at negative five to ten. So that negative 1:22:23.040 --> 1:22:26.680 five to ten is actually less five hundred and ten 1:22:26.720 --> 1:22:29.040 dollars going out of your pocket to own this duplex 1:22:29.120 --> 1:22:31.360 is less than what you were paying in rent of 1:22:31.360 --> 1:22:34.599 twelve hundred dollars. Okay, so the cash flow is negative 1:22:34.720 --> 1:22:37.360 because it's a duplex and you're losing five hundred and 1:22:37.400 --> 1:22:39.880 ten dollars a month. But you're losing five hundred ten 1:22:39.960 --> 1:22:43.639 dollars a month while also controlling this duplex, whereas right 1:22:43.680 --> 1:22:47.639 now you're losing twelve hundred dollars a month to rent 1:22:47.920 --> 1:22:49.920 and you own nothing and have nothing to show for it. 1:22:50.439 --> 1:22:53.720 So your actual cash flow when you subtract the five 1:22:53.840 --> 1:22:56.280 hundred and ten from the twelve hundred dollars is actually 1:22:56.400 --> 1:23:00.400 six eighty nine and six eighty nine times twelve divided 1:23:00.400 --> 1:23:03.240 by your initial investment is actually a fifty five percent 1:23:03.320 --> 1:23:07.479 cash on cash re term so this is five percent 1:23:08.240 --> 1:23:13.080 down owner occupied multi family, all right. Now, you will 1:23:13.120 --> 1:23:16.479 have PMI until you reach eighty percent loan to value, 1:23:16.680 --> 1:23:20.720 right when you use conventional. Okay. The next is conventional 1:23:20.920 --> 1:23:23.720 twenty to twenty five percent down. Right. This is for 1:23:23.760 --> 1:23:26.799 an investment property, meaning that you are not occupying the property. 1:23:27.160 --> 1:23:29.920 So same property, but look at the numbers. It's different. 1:23:30.120 --> 1:23:32.559 Three hundred thousand dollars twenty five percent down is seventy 1:23:32.560 --> 1:23:34.960 five thousand dollars. The rents are thirty two hundred dollars 1:23:34.960 --> 1:23:38.400 because you're not living there. Mortgage taxes and insurance capature 1:23:38.400 --> 1:23:40.719 payers of a vacancy rate are the same. The cash 1:23:40.800 --> 1:23:43.360 load is one thousand nine dollars every single month. This 1:23:43.400 --> 1:23:48.000 is my actual property right one thou eighty nine dollars 1:23:48.160 --> 1:23:51.120 times twelve divided by the initial investment of seventy five 1:23:51.120 --> 1:23:54.280 thousand dollars plus some closing costs is about a seventeen 1:23:54.320 --> 1:23:58.240 percent cash on cash return. Okay. So this is what 1:23:58.320 --> 1:24:01.960 twenty five percent owner occupied looks like. Now, non owner occupied, 1:24:02.040 --> 1:24:06.479 excuse me. Twenty five percent down investment excuse me. And 1:24:08.760 --> 1:24:11.839 of course there's no PMI once you have twenty percent 1:24:13.120 --> 1:24:19.559 equity in the property. All right, all right, so finally, 1:24:20.640 --> 1:24:22.840 actually two more, I got some bonus ones for you. 1:24:23.320 --> 1:24:27.599 Bonus one is the Burd strategy. This is strategy number eight. Okay, 1:24:27.840 --> 1:24:30.920 we promise you six, we're gonna give you nine. We 1:24:31.080 --> 1:24:33.840 promise you six, but we're gonna give you nine. And 1:24:33.880 --> 1:24:37.080 that is a hard money, hard money used for the 1:24:37.080 --> 1:24:39.519 BURD strategy, which is going to be ten percent down 1:24:39.800 --> 1:24:43.400 with experience, in twenty to thirty percent down with no experience. 1:24:43.600 --> 1:24:47.400 So if you've never done any kind of construction or whatnot, 1:24:47.600 --> 1:24:50.160 there's going to be a higher down payment for the 1:24:50.160 --> 1:24:53.160 bur strategy. Okay, so what is the birth strategy. The 1:24:53.200 --> 1:24:56.160 Burd strategy is to buy something that's you're going to 1:24:56.200 --> 1:24:59.960 rehab renovate it, rented out, then refinance and get your 1:25:00.000 --> 1:25:02.559 money out of the deal, and then repeat the process. Okay, 1:25:02.880 --> 1:25:05.400 so let me walk you. Let me walk you through this. 1:25:06.280 --> 1:25:09.160 So we buy something at eighty thousand dollars right with 1:25:09.240 --> 1:25:13.240 a sixty thousand dollars renovation budget. Right, we have to 1:25:13.280 --> 1:25:16.200 put down ten percent of that, which we if we're experienced, 1:25:16.240 --> 1:25:19.120 ten percent will be fourteen thousand dollars to get this 1:25:19.280 --> 1:25:23.880 hard money loan. Okay, so we get the loan, we 1:25:24.000 --> 1:25:26.639 finished the construction, and then we start renting this property 1:25:26.640 --> 1:25:28.240 out at two thousand dollars per month. It's a due 1:25:28.240 --> 1:25:31.200 pleats one thousand dollars per unit. Okay, Once we have 1:25:31.720 --> 1:25:34.840 leases and show that the property is being rented, then 1:25:34.840 --> 1:25:36.559 we can go back to the bank and we can 1:25:36.560 --> 1:25:42.519 get refinance for two hundred thousand dollars right at seventy 1:25:42.520 --> 1:25:45.600 percent loan to value. So we'll get refinanced for one 1:25:45.680 --> 1:25:48.080 hundred and forty thousand dollars. Wait, one hundred and forty 1:25:48.080 --> 1:25:50.200 thousand dollars, that's how much we put in, so we 1:25:50.240 --> 1:25:53.240 actually get all of our money out of the deal. Right, 1:25:53.640 --> 1:25:56.080 but guess what the property is worth two hundred thousand 1:25:56.120 --> 1:25:59.040 dollars and we just refinanced at one forty so we 1:25:59.080 --> 1:26:02.719 now have sixty thousand dollars in equity with no money 1:26:02.760 --> 1:26:06.960 in the deal. On top of that, the property is 1:26:07.000 --> 1:26:11.120 still cash flowing. And then we go do it again. 1:26:11.280 --> 1:26:13.320 We get our money back out, and we go do 1:26:13.400 --> 1:26:16.240 it again. This is the repeat process. This is the 1:26:16.240 --> 1:26:20.479 burd strategy. Okay, but again it's ten percent down for 1:26:20.600 --> 1:26:23.720 the acquisition and construction. If you're experienced, and it's going 1:26:23.800 --> 1:26:26.080 to be twenty to thirty percent down for acquisition and 1:26:26.120 --> 1:26:29.519 construction if you are in experience. All right, so this 1:26:29.600 --> 1:26:32.760 is the burd strategy. It's a more advanced strategy. But yo, 1:26:33.200 --> 1:26:35.519 we know that you were here because you want the goods, 1:26:35.520 --> 1:26:37.760 and so we're giving you. We're spilling the tea. We 1:26:37.880 --> 1:26:41.759 spilling the tea. All right. Now, the final strategy, okay, 1:26:42.400 --> 1:26:49.679 to finance your next deal is actually raising money, raising capital. Okay, 1:26:50.080 --> 1:26:51.880 so you're like jeling, who am I going to raise 1:26:51.880 --> 1:26:55.080 capital from? Well, there's a lot of people you can 1:26:55.240 --> 1:26:57.600 raise capital from. When you understand how money works, and 1:26:57.640 --> 1:27:00.360 here's how it works. Do you know that cash is trashed? Y'all? 1:27:01.400 --> 1:27:04.240 Cash is actually the lowest building asset in the entire world. 1:27:05.040 --> 1:27:08.160 Cash is the lowest building asset in the entire world. 1:27:08.320 --> 1:27:10.439 You know, only your Bank of American same as account 1:27:10.479 --> 1:27:13.840 is on the yielding point zero one percent interest. So 1:27:13.960 --> 1:27:17.040 cash is actually trash. It is not backed by gold. 1:27:17.200 --> 1:27:19.360 You can't eat it, you can't drink it, it can't 1:27:19.439 --> 1:27:22.719 keep you warm. Okay. The only reason we value cash 1:27:22.920 --> 1:27:25.719 is because it is a liquid. It is liquid, meaning 1:27:25.760 --> 1:27:29.360 that we can transfer it into other assets easier. Okay, 1:27:29.840 --> 1:27:32.120 But we don't really value cash, And on top of that, 1:27:32.120 --> 1:27:36.400 there's inflation. Your cash sitting in your bank account literally 1:27:36.479 --> 1:27:38.679 lost six to ten percent of its value last year 1:27:38.760 --> 1:27:42.360 because they were printing so much of it. Right, So 1:27:44.320 --> 1:27:47.400 we if we know that cash is trash and that 1:27:47.439 --> 1:27:50.520 people are actually losing money and their money is spoiling 1:27:50.960 --> 1:27:52.600 when they leave it in a bank account, then what 1:27:52.640 --> 1:27:57.400 does that mean? Then what does that mean? That means 1:27:57.920 --> 1:28:01.120 that if you can actually present them with an opportunity 1:28:01.120 --> 1:28:03.720 that's going to yield a higher interest rates than what 1:28:03.720 --> 1:28:06.720 they're getting in their Bank of America account and not 1:28:06.840 --> 1:28:09.439 allow them to lose their money due to inflation, then 1:28:09.479 --> 1:28:13.760 guess what they will happily give you their money. If 1:28:13.800 --> 1:28:16.840 you can present an opportunity where they're going to get 1:28:16.920 --> 1:28:20.880 a twelve percent return versus them keeping their money and 1:28:20.920 --> 1:28:24.280 losing six to ten percent due to inflation, then guess 1:28:24.360 --> 1:28:28.240 what they will happily give you their money. All it 1:28:28.280 --> 1:28:32.120 is is understanding yields, okay, And so if you are 1:28:32.200 --> 1:28:34.599 able to go out and find a deal and run 1:28:34.640 --> 1:28:37.240 the numbers and get a twelve percent find a deal 1:28:37.240 --> 1:28:39.840 that's gonna yield a twelve percent return, then guess what 1:28:40.800 --> 1:28:43.519 there's gonna be many people lined up to hand you 1:28:43.640 --> 1:28:48.960 over their money, right, because guess what you are now 1:28:49.240 --> 1:28:53.680 the plug, you with the plug, and there's only so 1:28:53.760 --> 1:28:56.680 many outlets, and so the plug can only receive so 1:28:56.760 --> 1:28:59.320 much money for this deal. And so people are going 1:28:59.400 --> 1:29:02.480 to have to act if they believe in the analysis 1:29:02.479 --> 1:29:05.040 and the deal that you brought to the table. And 1:29:05.080 --> 1:29:09.360 so how this works is that you bring in the 1:29:09.439 --> 1:29:14.400 investors and you take a ten, twenty, or thirty percent 1:29:14.439 --> 1:29:17.280 stake in that deal. No money in by you, or 1:29:17.320 --> 1:29:18.960 you can put money in skin in the game to 1:29:19.000 --> 1:29:21.080 show them that you're serious as well, right, that you 1:29:21.120 --> 1:29:24.080 have some skinning the game. And this is how you run. 1:29:24.080 --> 1:29:28.519 Your next play is you actually raise money by becoming 1:29:28.600 --> 1:29:31.360 the plug, by finding deals. I told you money is 1:29:31.360 --> 1:29:34.280 not the issue people are looking. People are looking for 1:29:34.360 --> 1:29:36.840 ways to give away their money every single day. Some 1:29:36.880 --> 1:29:39.599 of y'all got an Amazon tab open on your computer 1:29:39.800 --> 1:29:42.519 right now. People are actively looking for ways to get 1:29:42.600 --> 1:29:45.720 rid of money every single day because people don't value money. 1:29:45.760 --> 1:29:47.920 We don't value money. If we value money, we would 1:29:47.920 --> 1:29:49.920 have earned it and we would just store it off. 1:29:49.240 --> 1:29:52.360 We we just have rooms of money. But we don't 1:29:52.400 --> 1:29:56.080 want money. We actually want what we believe money can 1:29:56.120 --> 1:29:58.400 get us and if you can help somebody get more 1:29:58.439 --> 1:30:01.559 of what they want, then guess what it would happily 1:30:01.600 --> 1:30:05.880 give you their money. This requires a deep understanding of 1:30:05.960 --> 1:30:09.599 money and you standing in your power and knowledge of 1:30:09.600 --> 1:30:12.479 real estate. But if you can do that, then there's 1:30:12.560 --> 1:30:17.800 opportunity for you. Okay, So I want to just ask you, 1:30:17.840 --> 1:30:20.040 what would you think? What do you think would happen 1:30:20.840 --> 1:30:24.000 if you just bought one property every single year for 1:30:24.040 --> 1:30:27.120 the rest of your life. What do you think would 1:30:27.200 --> 1:30:31.920 happen if you just bought one single property every year 1:30:32.200 --> 1:30:33.880 for the rest of your life. I want to show 1:30:33.880 --> 1:30:37.960 you something, if you bought one duplex every single year. 1:30:38.479 --> 1:30:41.840 Let's take uh, let's take Jessica, Jessica Lindsay, Jessica, tell 1:30:41.880 --> 1:30:43.720 me how old you are? I know I shouldn't ask 1:30:43.720 --> 1:30:46.000 a lady's age, but you kind of is the kind 1:30:46.000 --> 1:30:48.600 of anonymous. How old are you, Jessica? Jessa? Hold on 1:30:48.680 --> 1:30:52.200 nobody else type real quick? Jessica's thirty four? And Jessica, 1:30:52.240 --> 1:30:55.040 when do you think? How long? How long did your 1:30:55.040 --> 1:30:58.720 grandma live? How long did your grandma live? How old? 1:30:58.920 --> 1:31:02.559 How old are your grandma? Jessica? Her grandma's ninety one 1:31:02.600 --> 1:31:06.519 years old. So watch this. So Jessica's thirty four, and 1:31:06.760 --> 1:31:09.080 let's say she lives as long as her grandma, and 1:31:09.120 --> 1:31:11.759 that means she bought That means she buys fifty seven 1:31:11.800 --> 1:31:14.519 rental properties over the remainder of her life. And if 1:31:14.560 --> 1:31:17.960 she buys duplexes, right, that's actually one hundred and fourteen 1:31:18.000 --> 1:31:20.800 doors and one hundred and fourteen doors cash flow and 1:31:20.840 --> 1:31:23.759 get three hundred dollars per door is thirty four thousand 1:31:23.800 --> 1:31:26.720 dollars per month in rents are four hundred and ten 1:31:26.760 --> 1:31:31.160 thousand dollars passively every single year that she's going to 1:31:31.200 --> 1:31:35.160 be able to pass on to the next generation. Now, 1:31:35.240 --> 1:31:39.519 let me get somebody. Let's say, okay, this is that's 1:31:39.520 --> 1:31:41.960 a long term game. Julian fifty seven years. Okay, let's 1:31:41.960 --> 1:31:45.599 just say Jessica did that until she was forty four. Right, 1:31:45.960 --> 1:31:48.320 Let's just say she did it for ten years, right, 1:31:48.600 --> 1:31:53.000 and she was buying triplexes instead, right, total doors would 1:31:53.000 --> 1:31:55.880 be thirty doors over ten years. I'm at thirty eight 1:31:55.960 --> 1:31:59.439 doors right in eight years. That's three hundred dollars per door, 1:32:00.240 --> 1:32:02.960 nine thousand dollars per month in positive cash flow, as 1:32:03.000 --> 1:32:05.920 one hundred and six figures per year, and passive income 1:32:06.160 --> 1:32:07.760 for the rest of her life and for the rest 1:32:07.800 --> 1:32:10.280 of her children's life if she just locked in and 1:32:10.320 --> 1:32:16.120 did this for ten years. Okay, this is the name 1:32:16.160 --> 1:32:20.920 of the game's to create passive income family. This is 1:32:21.040 --> 1:32:22.840 just yeah, this is just your passive income. You could 1:32:22.840 --> 1:32:25.519 still go out there and make active income if you 1:32:25.560 --> 1:32:28.120 want to, right, but this is just your passive income. 1:32:28.720 --> 1:32:32.160 So this is the name of the game, right, And 1:32:32.160 --> 1:32:34.720 this is what Matt and I would encourage you to do. 1:32:35.000 --> 1:32:38.400 Matt was having some issue and so sorry, he says, 1:32:38.439 --> 1:32:41.000 He's sorry he couldn't be here. But as I told you, 1:32:41.280 --> 1:32:43.080 we're in this together. That's my brother. I know what 1:32:43.120 --> 1:32:45.160 he knows. He knows what I know, right, and so 1:32:45.439 --> 1:32:47.240 I was able to bring it home for you all. 1:32:47.400 --> 1:32:50.920 So imagine if you would have played the long term 1:32:50.920 --> 1:32:54.000 game a long time ago, you'd be a lot further 1:32:54.040 --> 1:32:59.120 along today. So our encouragement is that you stop chasing 1:32:59.160 --> 1:33:02.519 get rich quick skin and instead you buy a multi 1:33:02.520 --> 1:33:06.519 family real estate. Right. This is not a get rich 1:33:06.560 --> 1:33:10.559 crits scheme. This is a get rich guaranteed system over time, 1:33:11.000 --> 1:33:14.360 and if you play the long term game, you can 1:33:14.360 --> 1:33:17.640 make sure that not only you but your family is 1:33:17.720 --> 1:33:24.160 wealthy forever, all right. So with that, I'm going to 1:33:24.240 --> 1:33:26.760 answer questions in just a second. Matt and I have 1:33:26.800 --> 1:33:31.559 a program called the four three two one Strategy where 1:33:31.600 --> 1:33:34.320 we not only teach you how to execute all of 1:33:34.360 --> 1:33:38.160 these ways of getting finance, but also how to analyze 1:33:38.960 --> 1:33:41.920 real estate deals, how to find real estate deals, and 1:33:41.960 --> 1:33:44.840 how to get those real estate deals to the closing table. 1:33:45.360 --> 1:33:47.559 And so I want to share that opportunity with you 1:33:47.600 --> 1:33:49.559 for those of you who want mentorship, for those of 1:33:49.560 --> 1:33:52.360 you who want to close on more properties in twenty 1:33:52.400 --> 1:33:53.760 twenty two, for some of you who's going to be 1:33:53.800 --> 1:33:56.400 your first property, for some of you you'll be closing 1:33:56.479 --> 1:33:59.280 on your third or fourth property. But if you are 1:33:59.360 --> 1:34:01.840 serious about building your real estate portfolio, Matt and I 1:34:02.040 --> 1:34:04.640 are trying to help three hundred people close and this 1:34:04.800 --> 1:34:08.000 year alone, and we want to invite you to be 1:34:08.040 --> 1:34:12.000 part of that. So, if you are open to it, 1:34:12.760 --> 1:34:14.760 do I have permission to share this opportunity with you? 1:34:16.439 --> 1:34:21.880 Do our permission to share this opportunity with you? Okay? 1:34:21.960 --> 1:34:27.960 Appreciate that. Appreciate that, all right? Cool? So as we 1:34:28.040 --> 1:34:31.360 share before, Matt and I have many people who we 1:34:31.400 --> 1:34:34.760 have helped close together. I've done the education process in 1:34:34.840 --> 1:34:37.519 terms of helping people learn how to find deals, how 1:34:37.520 --> 1:34:40.840 to analyze those deals right, and then how to build 1:34:40.880 --> 1:34:43.200 their real estate rolodex, how to identify the thirty six 1:34:43.240 --> 1:34:45.320 souns of gentrification, how to know what the twenty three 1:34:45.400 --> 1:34:47.439 numbers are that you need to evaluate a deal. And 1:34:47.479 --> 1:34:49.760 then Matt is the one who helps him get to 1:34:49.960 --> 1:34:52.799 the closing table with the financing part of the equation. 1:34:53.040 --> 1:34:55.880 All right, So the first hurdle that you have is money. 1:34:55.880 --> 1:34:59.680 Can I afford it? Right? And so Matt has a 1:34:59.800 --> 1:35:03.800 pro called the home Buyer's Blueprint, And in this program 1:35:03.880 --> 1:35:06.280 he teaches how to get financed with the best terms, 1:35:06.280 --> 1:35:09.120 whether it's your first, second, third, or fourth purchase, the 1:35:09.280 --> 1:35:11.960 keys to financing and getting your money out of deal 1:35:12.040 --> 1:35:14.320 so that you can keep on investing, and how to 1:35:14.439 --> 1:35:17.160 execute FAK two or three K loans so that you 1:35:17.200 --> 1:35:20.960 can step into equity in a newly renovated home. Okay. 1:35:21.240 --> 1:35:27.360 So that program by itself is normally one thousand dollars. Okay, 1:35:27.400 --> 1:35:30.720 This is what Sindrika and Sandy said. Sandy said, I 1:35:30.800 --> 1:35:33.200 now have three pre approval letters, one for five hundred, 1:35:33.240 --> 1:35:35.600 one for four hundred and fifteen. And this morning, I 1:35:35.600 --> 1:35:38.479 got a VA for seven hundred For the newbies in 1:35:38.520 --> 1:35:40.960 this group, do not skip steps. I will leverage these 1:35:41.000 --> 1:35:42.599 to get the best rate. And of course the VA 1:35:42.640 --> 1:35:44.879 loan is my first choice. So you see the variance 1:35:44.960 --> 1:35:48.160 in the pre approvals that Sandy got as low as 1:35:48.200 --> 1:35:50.479 four hundred and fifteen and as high as seven hundred. 1:35:50.720 --> 1:35:51.960 So then you have to know how to make those 1:35:52.000 --> 1:35:55.920 lenders to compete for your business. Right then, Sindrika said, 1:35:55.960 --> 1:35:57.760 a couple of lenders tried the Oki dok on me, 1:35:57.760 --> 1:36:00.360 specifically with leaving out prepaid costs, offering more money and 1:36:00.960 --> 1:36:03.640 lowering the rate but doubling all other fees. So the 1:36:03.720 --> 1:36:06.320 lowest interest rate does not mean the best terms on 1:36:06.360 --> 1:36:08.200 the loan. And you have to know that there are 1:36:08.240 --> 1:36:10.880 a lot of predatory lenders out here, right, But when 1:36:10.920 --> 1:36:14.160 you go to Matt or Brandy to get finance, right, 1:36:14.400 --> 1:36:16.719 then that will ensure that you are dealing with somebody 1:36:16.720 --> 1:36:19.679 who has ethics and is actually working on your behalf, right. 1:36:20.080 --> 1:36:23.920 So that's the home buyer's blueprint. The next obstacle is 1:36:24.479 --> 1:36:27.479 finding a market, right, and that's where my teaching comes 1:36:27.479 --> 1:36:29.840 in and finding the deals. So with the multi family 1:36:29.840 --> 1:36:31.360 master plan, I'll show you how to use the twenty 1:36:31.360 --> 1:36:34.120 three numbers to analyze real estate deals anywhere and make 1:36:34.160 --> 1:36:37.040 sure that you buy it right. This is a detailed analysis, 1:36:37.040 --> 1:36:38.559 and I'll walk you through that in just a second. 1:36:38.800 --> 1:36:40.200 Then I'm going to show you how to build your 1:36:40.200 --> 1:36:43.439 real estate rollerdecks of agents, lenders, and contractors to find 1:36:43.439 --> 1:36:45.719 off market deals. Then I'll show you how to identify 1:36:45.720 --> 1:36:48.240 the thirty three signs of gentrification so that your home 1:36:48.520 --> 1:36:52.559 has your homes have maximum appreciation potential. The multifamily master 1:36:52.640 --> 1:36:55.840 plan by itself typically costs twenty four hundred and ninety 1:36:55.920 --> 1:36:59.960 seven dollars. Now in each module, Module one is fine, 1:37:00.000 --> 1:37:01.880 finance it, then we go in to find it, then 1:37:02.000 --> 1:37:04.479 finalize it, fix it, and fill it. So I teach 1:37:04.520 --> 1:37:07.960 you step by step how to build your real estate 1:37:08.000 --> 1:37:11.120 portfolio in the exact same way that I've done in 1:37:11.200 --> 1:37:16.120 less than ten years. Okay, So from there, every single 1:37:16.120 --> 1:37:17.800 week you have a brand new challenge. So this is 1:37:17.880 --> 1:37:19.600 not just an online course. Every single week you have 1:37:19.640 --> 1:37:21.759 a brand new challenge. So we start with our financial 1:37:21.760 --> 1:37:24.559 house cleaning challenge, then our lender shopping challenge, then the 1:37:24.560 --> 1:37:27.320 pre approval challenge, then the real estate agent challenge, then 1:37:27.360 --> 1:37:29.599 the Neighborhood Knowledge Challenge number one and the Dala Day 1:37:29.640 --> 1:37:32.240 Challenge number one. Then you go into your real estate 1:37:32.280 --> 1:37:35.280 team building challenge and you do each challenge, the new 1:37:35.280 --> 1:37:37.519 Neighborhood and Dela Date Challenge over and over and over 1:37:37.520 --> 1:37:40.360 again until you close on your first property or your 1:37:40.400 --> 1:37:44.840 next property. Okay, So this is the program front to back. 1:37:45.080 --> 1:37:47.320 This is the actual curriculum. Every single week, you're gonna 1:37:47.320 --> 1:37:50.280 get your mindset modules. Then you're gonna get your movement modules, 1:37:50.360 --> 1:37:53.040 so be transformed by the doing of your mind first, right, 1:37:53.200 --> 1:37:55.799 then we go take action. So this is the program 1:37:55.840 --> 1:37:59.240 in detail. Every single module is designed to make you 1:37:59.360 --> 1:38:01.760 money or set gave you money. There's no fat in 1:38:01.760 --> 1:38:05.080 this program whatsoever. It is the fastest path that I 1:38:05.160 --> 1:38:07.519 was able to create to get you to understand multi 1:38:07.600 --> 1:38:09.600 family real estate at the level that I understand it. 1:38:09.880 --> 1:38:11.640 So if you want to join, you can go to 1:38:11.760 --> 1:38:15.720 get four three two one WI excuse me, get four 1:38:15.760 --> 1:38:18.760 three two one dot com. Get four three two one 1:38:18.840 --> 1:38:21.719 dot com. If you were ready to join the program, 1:38:21.920 --> 1:38:25.439 all the details are there. Okay. Now every single week 1:38:25.479 --> 1:38:27.320 we have our weekly dealroom calls, and I know that 1:38:27.360 --> 1:38:29.719 there's some uh, there's some family members that are here. 1:38:30.680 --> 1:38:33.360 I saw who did I see up there? Before? I see? 1:38:33.400 --> 1:38:36.400 Michael is up there. Every week we have our weekly 1:38:36.479 --> 1:38:38.439 Dealom calls and on our weekly dorroom calls. This is 1:38:38.439 --> 1:38:41.360 where you can get coached by me. Yes, you can 1:38:41.400 --> 1:38:44.280 get coached by me personally. You can sign up to 1:38:44.280 --> 1:38:45.840 be in the hot seat and I will coach you 1:38:46.040 --> 1:38:48.880 live in front of the family. Okay. So if this 1:38:48.960 --> 1:38:50.479 is the closest you're going to be able to get 1:38:50.520 --> 1:38:53.760 to one on one coaching, Ask yourself, who can you 1:38:53.840 --> 1:38:56.040 go to to ask real estate questions right now? Is 1:38:56.080 --> 1:38:58.160 there anybody in your phone that you can go to 1:38:58.160 --> 1:39:02.880 to ask real estate questions right now? Now? No? Okay? 1:39:03.160 --> 1:39:06.240 And so this is your opportunity to be coached by 1:39:06.280 --> 1:39:09.160 me to make sure that you are making the right 1:39:09.200 --> 1:39:13.040 decisions on your calls. What's going on, Crystal? What's going on? 1:39:13.080 --> 1:39:13.439 Some moll? 1:39:14.160 --> 1:39:16.640 I got family members that are here right now, just 1:39:16.680 --> 1:39:22.320 showing love. Rosa, I see you, okay, Carmala, what's going on? 1:39:22.479 --> 1:39:25.799 So multi d Sanders, I see you? So multifamily movement 1:39:25.840 --> 1:39:27.719 is in the building. It's good to see you all. 1:39:28.520 --> 1:39:33.839 This is family, right and we are a tight knit family, okay. 1:39:34.240 --> 1:39:37.080 And so in addition to that, you're going to get 1:39:37.080 --> 1:39:40.320 the purchase or past deal analyzer. All right, this is 1:39:40.520 --> 1:39:43.320 the financial model that I use to evaluate every single 1:39:43.600 --> 1:39:46.559 deal that I do. Okay, there's twenty three numbers that 1:39:46.600 --> 1:39:48.400 you need to know. If you leave out one single number, 1:39:48.400 --> 1:39:50.439 you can step into a bad deal. When you're buying 1:39:50.439 --> 1:39:52.200 a single family home, it's how much do we get 1:39:52.200 --> 1:39:55.160 approved for? Four hundred thousand? How much? How much is 1:39:55.160 --> 1:39:57.720 the home? Three ninety do we like it? It's three factors. 1:39:57.840 --> 1:40:00.640 When you're buying multi family real estate, actually twenty three 1:40:00.680 --> 1:40:02.920 numbers that you need to know to evaluate the multi 1:40:02.920 --> 1:40:06.880 families real estate deal effectively. Okay, and so this is 1:40:06.880 --> 1:40:09.160 the purchase a past Deal Analyzer. I will not only 1:40:09.200 --> 1:40:11.800 give you this tool, but you also I'll also teach 1:40:11.840 --> 1:40:13.960 you what those twenty three numbers are, where to find them, 1:40:13.960 --> 1:40:16.120 how to find them quickly, and how to evaluate the 1:40:16.160 --> 1:40:18.120 purchase of past deal analyzer. Right here will tell you 1:40:18.120 --> 1:40:20.640 what the cash on cast return is, and it will 1:40:20.680 --> 1:40:23.160 tell you whether you should purchase a pass on the deal. 1:40:23.439 --> 1:40:27.360 I see Maddie in here, levon what's going on y'all, 1:40:27.439 --> 1:40:30.200 y'all representing I love it, I love it, I love it. Cool. 1:40:30.520 --> 1:40:33.839 You will also get the Multifamily Movement Real Estate Investor Workbook. 1:40:34.040 --> 1:40:36.960 This is your real estate Bible. This is what you 1:40:36.960 --> 1:40:39.240 will keep with you. This is what you will keep 1:40:39.280 --> 1:40:41.880 with you in your car and your purse and your 1:40:41.960 --> 1:40:45.960 backpack and your briefcase. This is a workbook, sixty four 1:40:46.200 --> 1:40:49.040 worksheets all of my tools that I use. So, for instance, 1:40:49.080 --> 1:40:51.680 this is the property value Assessment, and it is the 1:40:51.720 --> 1:40:54.479 forty hidden value signs of hidden value in the thirty 1:40:54.840 --> 1:40:57.200 signs of hidden costs that we look for as multi 1:40:57.200 --> 1:40:59.280 fammy real estate investors when we go into a property, 1:40:59.320 --> 1:41:01.639 we're not looking for countertops, we're not looking for stayles, 1:41:01.680 --> 1:41:04.599 still appliances. We're looking for hidden value and hidden costs. 1:41:05.200 --> 1:41:07.240 So that is the multi timer real Estate Investor work 1:41:07.280 --> 1:41:09.080 Book that you will get that when you join. Okay, 1:41:09.600 --> 1:41:13.120 then after that it's how do I scale up right 1:41:13.360 --> 1:41:15.080 and how do I free my family? And the way 1:41:15.080 --> 1:41:18.000 you do that is through scale. And so in Matthew's 1:41:18.000 --> 1:41:21.000 other program, The Home Buyer Blueprint, Volume two, we're going 1:41:21.080 --> 1:41:23.040 to show you how to hire the right team to 1:41:23.080 --> 1:41:26.120 successfully navigate the rehab process, how to use two three 1:41:26.200 --> 1:41:28.840 K loans, the home style rehab loan and hard money 1:41:28.840 --> 1:41:31.679 and construction loans, and he's also going to have monthly webinar. 1:41:31.800 --> 1:41:35.040 He also has monthly webinars with private lenders breaking down 1:41:35.080 --> 1:41:38.120 their products and more. So that is how what you 1:41:38.120 --> 1:41:41.080 will use to scale your portfolio. So for those of 1:41:41.120 --> 1:41:44.000 you who don't believe that this is possible for you, 1:41:44.040 --> 1:41:47.240 I want to show you something. Okay, this is one 1:41:47.280 --> 1:41:50.559 of my best students, Jimmy. Jimmy is closed on twenty 1:41:50.560 --> 1:41:52.479 one doors and a year and a half. He says, 1:41:52.479 --> 1:41:54.800 thanks to Julian our goal with fifty doors, and we're 1:41:54.840 --> 1:41:57.519 halfway there and one point four years controlling over one 1:41:57.560 --> 1:41:59.720 point nine million dollars in real estate. Didn't need an 1:41:59.760 --> 1:42:01.960 NBA to get to the next million. In one and 1:42:01.960 --> 1:42:05.879 a half years, Jimmy and Candice have closed on twenty 1:42:05.960 --> 1:42:08.040 one doors and one point nine million dollars of real 1:42:08.120 --> 1:42:10.960 estate one and a half years, family, one and a 1:42:11.000 --> 1:42:14.960 half years. And if you think that that's amazing, Julius 1:42:15.720 --> 1:42:19.439 closed on twenty eight doors in seven months. Fast forward, 1:42:19.479 --> 1:42:21.439 in a few days, my wife will turn forty years old. 1:42:21.520 --> 1:42:23.519 We've closed on eight real estate deals worth two point 1:42:23.560 --> 1:42:25.880 sixty five million. Actually we close on two deals so 1:42:25.920 --> 1:42:28.680 far in August making in a special birthday present. And 1:42:29.000 --> 1:42:31.840 for those of you who have all kinds of excuses, 1:42:32.000 --> 1:42:34.559 guess what. Julians and his wife are not even US 1:42:34.600 --> 1:42:39.959 citizens yet, yet they provide quality, affordable housing to seventeen 1:42:40.000 --> 1:42:43.280 American families. See, we as Americans, we started resting on 1:42:43.280 --> 1:42:45.840 our royals thinking we're the best country. We're actually not 1:42:45.920 --> 1:42:49.280 the best country. There's a lot of good here, but 1:42:49.400 --> 1:42:52.120 if you look at statistically where our kids are in math, 1:42:52.320 --> 1:42:55.360 where we are in terms of incarceration, all those kinds 1:42:55.360 --> 1:42:58.479 of things, health, we aren't doing that well. And so 1:42:58.600 --> 1:43:02.680 we have and his wife, who are not even US citizens, 1:43:02.920 --> 1:43:05.880 actually come in here and buying multifamily real estate in 1:43:05.920 --> 1:43:13.000 America and then providing housing to Americans. Okay, any excuse 1:43:13.040 --> 1:43:14.800 you have when it comes to this process, I have 1:43:14.880 --> 1:43:17.640 a way above it, through it, or around it. With 1:43:17.720 --> 1:43:21.880 the exception of chronic unemployment. If you were happily unemployed 1:43:22.320 --> 1:43:24.920 and you like receiving a small check every single month, 1:43:25.160 --> 1:43:27.920 then I cannot help you. Okay, I cannot help somebody 1:43:27.920 --> 1:43:32.879 with victim consciousness or poverty consciousness, But any other excuse 1:43:32.960 --> 1:43:36.360 you have, even bankruptcy, Matt and I can help you 1:43:36.479 --> 1:43:39.280 get to the closing room. Okay, so the root to 1:43:39.320 --> 1:43:42.040 the success is one. You're gonna get educated. You're gonna 1:43:42.040 --> 1:43:44.599 get the multi family master Plan, the home Buyer's Blueprint 1:43:44.680 --> 1:43:47.639 Volume one, and the home Buyer's Blueprint Volume two. All 1:43:47.680 --> 1:43:50.400 the details are at get four three two one dot com. 1:43:50.520 --> 1:43:52.920 All of the details at get four three two one 1:43:53.080 --> 1:43:55.840 dot com. All right, then you're gonna get paired with 1:43:55.880 --> 1:43:58.040 the lender. That lender is likely going to be Matt 1:43:58.800 --> 1:44:02.320 or Brandy. These are the two of the best mortgage 1:44:02.360 --> 1:44:06.479 workers in the entire country. They finance all over. Okay, 1:44:06.800 --> 1:44:08.479 and you now know that you're not dealing with a 1:44:08.520 --> 1:44:10.840 predatory lender who's trying to get over on you. This 1:44:10.960 --> 1:44:14.160 is Matt and his team down here, right right now. Okay. 1:44:14.760 --> 1:44:18.479 Then we have step three is that we have a networker. 1:44:18.560 --> 1:44:22.120 Certified real estate agents, people who I've educated real estate 1:44:22.120 --> 1:44:25.160 agents to who I've educated right on how to evaluate 1:44:25.200 --> 1:44:27.479 multifamily real estate deals and know the difference between a 1:44:27.479 --> 1:44:30.599 real estate listing and a real estate deal. This is huge. 1:44:30.720 --> 1:44:32.240 You do not want to work with your cousin who 1:44:32.320 --> 1:44:35.160 just got their license yesterday. Anybody can go get their 1:44:35.200 --> 1:44:37.479 real estate license in about thirty days. That does not 1:44:37.479 --> 1:44:39.679 make them qualify to teach you how to build wealth. 1:44:40.000 --> 1:44:43.240 But with Multifamily Movement certified agents, you will know that 1:44:43.280 --> 1:44:45.799 you are working with an agent who understands the difference 1:44:45.880 --> 1:44:48.200 between a real estate deal and a real estate listing. 1:44:48.240 --> 1:44:50.280 We're not looking for real estate listings. We're looking for 1:44:50.280 --> 1:44:55.000 real estate deals. And then finally, we have our online 1:44:55.040 --> 1:44:57.439 technology where we share off market deal with one another 1:44:57.720 --> 1:45:00.960 called the Purchase of Past Deal Analyzer. I spent over 1:45:01.040 --> 1:45:05.000 five figures and invested in this technology where we build 1:45:05.080 --> 1:45:07.600 as a community, all right, and so this is the 1:45:07.680 --> 1:45:10.200 power of what we are teaching. This is a movement 1:45:10.240 --> 1:45:12.120 in real life. This is two hundred of us in 1:45:12.120 --> 1:45:14.439 New Orleans for our Generational Wealth Conference. This is our 1:45:14.479 --> 1:45:16.760 conference that happens every single year. You will get a 1:45:16.800 --> 1:45:19.760 ticket to that conference to learn how all my wealth 1:45:19.800 --> 1:45:22.639 building strategies be on just real estate as well as 1:45:22.640 --> 1:45:25.080 go deeper into other aspects of real estate like commercial 1:45:25.120 --> 1:45:28.200 real estate, Airbnb, et cetera. So everything that Matt and 1:45:28.280 --> 1:45:30.360 I put together for you is worth eight thousand, four 1:45:30.400 --> 1:45:33.519 hundred and ninety six dollars and you can join now 1:45:33.560 --> 1:45:36.400 at get four three two one dot com right now. 1:45:36.600 --> 1:45:40.679 Matt and I and eyl family. We are only looking 1:45:40.680 --> 1:45:42.559 for one hundred people to join this program, and there 1:45:42.600 --> 1:45:45.960 were over a thousand of you on this webinar. There's 1:45:45.960 --> 1:45:48.360 about eight hundred of you here right now. We're only 1:45:48.360 --> 1:45:51.400 looking for one hundred people in this particular cohort, right, 1:45:51.960 --> 1:45:54.679 and so if you are ready to do this, then 1:45:55.000 --> 1:45:57.200 go ahead and go to get four three two one 1:45:57.800 --> 1:46:00.960 dot com to join. Okay, so here are your options. 1:46:01.040 --> 1:46:03.720 Option number one to join is actually going to feel free, 1:46:03.720 --> 1:46:04.960 but it's going to cost you the most, and that's 1:46:05.000 --> 1:46:07.840 you do nothing. It is you do nothing. And while 1:46:07.880 --> 1:46:09.559 you do nothing, rents are going to continue to rise, 1:46:09.600 --> 1:46:11.559 what makes it harder for you to say? And prices 1:46:11.560 --> 1:46:13.200 will continue to rise, what makes it harder for you 1:46:13.240 --> 1:46:17.679 to buy. So that's option number one. And April first 1:46:17.760 --> 1:46:19.920 is right around the corner. And if you continue to 1:46:19.920 --> 1:46:22.320 do nothing, rent is going to continue to be due 1:46:22.600 --> 1:46:27.160 month after month after month, and there's nothing you can 1:46:27.200 --> 1:46:29.559 do to stop it except for by multifammy real estate. 1:46:29.840 --> 1:46:33.360 There's no other way around here housing expen except to 1:46:33.360 --> 1:46:35.679 buy multiicammy real estate. And so that is what Matt 1:46:35.720 --> 1:46:38.360 and I here are here to teach you. So with that, 1:46:38.479 --> 1:46:43.200 this program is actually two nine hundred and ninety seven dollars. 1:46:43.560 --> 1:46:46.160 For most of you, that's equivalent to one to two 1:46:46.200 --> 1:46:48.920 months of rent a mortgage expense. And literally, that's all 1:46:48.920 --> 1:46:50.760 we're asking for is one to two months of rent 1:46:50.760 --> 1:46:52.600 and mortgage expense to put you in a position to 1:46:52.720 --> 1:46:55.120 never have to pay rent and mortgage expense ever. Again, 1:46:55.760 --> 1:47:00.160 I have two hundred and ninety two documented examples of 1:47:00.160 --> 1:47:02.640 people who no longer have a housing expense for the 1:47:02.680 --> 1:47:05.519 rest of their life because of what Matt and I 1:47:05.720 --> 1:47:07.600 brings to the table for you right now if you 1:47:07.680 --> 1:47:11.880 join this particular program, two hundred and ninety two examples, 1:47:12.040 --> 1:47:13.960 so I know that this is possible for you. The 1:47:14.040 --> 1:47:18.160 question is do you believe in yourself? And so normally 1:47:18.200 --> 1:47:20.760 this program would be this, But for right now, what 1:47:20.800 --> 1:47:23.599 Matt and I are going to do is we're actually 1:47:23.640 --> 1:47:28.519 going to take off the two thousand, nine hundred and 1:47:28.600 --> 1:47:32.240 ninety seven dollars and you can actually join right now 1:47:32.560 --> 1:47:37.720 for two thousand, four hundred and ninety seven dollars. You 1:47:37.800 --> 1:47:40.439 can join for just two thousand, four hundred and ninety 1:47:40.439 --> 1:47:45.880 seven dollars. Okay, the first twenty five people will be 1:47:45.920 --> 1:47:48.679 able to get access to the program for two thousand, 1:47:48.720 --> 1:47:51.000 four hundred and ninety seven dollars. After that, it will 1:47:51.040 --> 1:47:54.440 go up to two thousand, nine hundred and ninety seven dollars. 1:47:54.880 --> 1:47:57.879 First twenty five people. It's a little fast action bonus 1:47:58.040 --> 1:48:00.680 for those who are serious and really want to make 1:48:00.720 --> 1:48:03.880 this happen. We have nine months less than a year. 1:48:04.600 --> 1:48:06.760 I know that of the one hundred people who join, 1:48:07.320 --> 1:48:09.280 I believe that half of you will be able to 1:48:09.320 --> 1:48:12.559 close within this year and the other half will be 1:48:12.560 --> 1:48:16.479 able to close within the next year and a half. Okay, 1:48:16.760 --> 1:48:20.240 if you come in, you follow the Homebuyer's Blutprint one right, 1:48:20.479 --> 1:48:23.320 you follow the Multifamily master Plan to a t. You 1:48:23.360 --> 1:48:26.400 do not skip steps. You will be able to close. 1:48:27.080 --> 1:48:29.800 And then once you close on your first property, then 1:48:29.800 --> 1:48:31.760 you go to the home Buyer Blueprint Volume two and 1:48:31.800 --> 1:48:34.719 you learn how to build your portfolio. Okay, so again 1:48:34.760 --> 1:48:37.320 that's get four three two one dot com. First twenty 1:48:37.360 --> 1:48:40.360 five people can join for twenty five hundred dollars. After 1:48:40.439 --> 1:48:42.479 that it's going to go up to twenty nine hundred 1:48:42.479 --> 1:48:46.880 and ninety seven dollars. All right, So some of you 1:48:46.960 --> 1:48:49.599 believe that this is expensive, and my question to you 1:48:49.680 --> 1:48:55.240 is what's more expensive? One thousand dollars four hundred and 1:48:55.280 --> 1:48:59.519 ninety seven dollars now or fourteen hundred dollars in rent 1:48:59.520 --> 1:49:02.760 over the next year. What's more expensived four hundred and 1:49:02.800 --> 1:49:05.880 ninety seven dollars today or seventy two thousand dollars worth 1:49:05.880 --> 1:49:08.839 of rent over the next five years. What's more expensive 1:49:08.840 --> 1:49:11.880 twosand four undred ninety seven dollars now or one hundred 1:49:11.880 --> 1:49:14.320 and forty four thousand dollars over the next ten years. 1:49:14.600 --> 1:49:17.720 If I simply asked you to add up all the 1:49:17.760 --> 1:49:22.559 money that you spent in rent or mortgage interests since 1:49:22.560 --> 1:49:26.840 you've been quote unquote living on your own, how much 1:49:26.840 --> 1:49:32.679 would that be? In fact, yes, it is, It's lifetime. 1:49:32.760 --> 1:49:35.080 It's lifetime. In fact, let me know in chat how 1:49:35.160 --> 1:49:38.320 much are you paying rent a mortgage? Right now? I 1:49:39.000 --> 1:49:41.320 see quite a few people joining. I'm going to celebrate 1:49:41.360 --> 1:49:43.679 those folk. If you join, please let me know in chat. 1:49:45.320 --> 1:49:48.839 I see seven hundred, thirteen hundred, three thousand, fifteen hundred. 1:49:48.880 --> 1:49:50.920 I saw some zeros. I don't know if people living 1:49:50.920 --> 1:49:52.880 on the streets or they living at their mama's house. 1:49:53.200 --> 1:49:57.120 Nineteen ninety five eighteen hundred thirteen fifty nine hundred thirty 1:49:57.120 --> 1:50:00.760 two hundred, twelve hundred, fifteen hundred, fifteen hundred, twenty three hundred, 1:50:00.840 --> 1:50:03.960 nine twenty eight, fourteen hundred, twenty five hundred, fifteen hundred, 1:50:04.040 --> 1:50:08.040 ten forty one, twenty eight hundred. You are just gonna 1:50:08.080 --> 1:50:11.439 keep paying that for the rest of your life. If 1:50:11.439 --> 1:50:13.599 this is not the pathway for you, can you please 1:50:13.640 --> 1:50:15.720 let me know in chat what is going to be 1:50:15.800 --> 1:50:18.160 your pathway to get rid of your housing expense. If 1:50:18.160 --> 1:50:20.360 you're not going to join get four three two one, 1:50:20.400 --> 1:50:22.400 please let me know what are you going to do 1:50:22.479 --> 1:50:24.960 to get rid of your housing expense? Please just let 1:50:24.960 --> 1:50:27.160 me know what the game plan is other than this 1:50:29.160 --> 1:50:32.240 Sean Bell owned thirty two doors, Proud of you family, 1:50:32.880 --> 1:50:37.160 Proud of you family, Paris. If your home is paid off, 1:50:37.200 --> 1:50:39.519 we actually want to refinance while these interest rates are 1:50:39.560 --> 1:50:41.599 low and use the equity. Right now, you have money 1:50:41.600 --> 1:50:43.280 that's stuck in the walls of your home, that's just 1:50:43.280 --> 1:50:46.040 sitting there. Okay, we actually want to use that to 1:50:46.040 --> 1:50:52.639 build your portfolio. All right, So again that's get four 1:50:52.720 --> 1:50:55.559 three two one dot com. Now, for those of you 1:50:55.600 --> 1:50:57.800 who don't have two four ninety seven dollars, that's a 1:50:57.840 --> 1:51:01.200 red flag, right, that's a red flag. Something is broken 1:51:01.240 --> 1:51:03.519 in your financial system, and the easiest way to fix 1:51:03.560 --> 1:51:05.759 your financial system is to get rid of your biggest expense, 1:51:05.800 --> 1:51:08.519 which is housing. So we literally just do this one thing. 1:51:08.960 --> 1:51:11.519 It would literally change your world around. In fact, earlier 1:51:11.520 --> 1:51:13.559 on you all type getting rid of my housing expends 1:51:13.600 --> 1:51:16.160 would change everything for me, okay, And so that's what 1:51:16.240 --> 1:51:21.040 this focus is, to change everything all right. Now, if 1:51:21.080 --> 1:51:23.000 you do not have two thousand, four ninety seven dollars, 1:51:23.080 --> 1:51:26.960 you can't take advantage of the savings of fourteen ninety five. 1:51:27.040 --> 1:51:28.560 When you do the one pay you get access to 1:51:28.600 --> 1:51:32.360 everything immediately, okay, And you say fourteen ninety five, But 1:51:32.479 --> 1:51:35.559 for those of you who need, those of you who 1:51:35.640 --> 1:51:38.479 need a payment plan, you can join on the payment 1:51:38.520 --> 1:51:41.480 plan of four ninety nine per month for just eight months. 1:51:41.880 --> 1:51:43.920 This is not some payment plan that goes on forever, 1:51:44.040 --> 1:51:46.439 and I hope you forget No, that's not how we operate. 1:51:46.880 --> 1:51:49.920 It's eight months, and after that you're done. You have 1:51:49.960 --> 1:51:53.400 lifetime access to the programs, all right. But in fact, 1:51:53.640 --> 1:51:55.719 for right now, what we're gonna do is we're gonna 1:51:55.720 --> 1:51:59.240 take off an additional payment. We're gonna take off an 1:51:59.240 --> 1:52:04.320 additional payment, Okay, And so you can actually join for 1:52:04.360 --> 1:52:07.800 four ninety nine per month for just seven months, four 1:52:07.880 --> 1:52:11.960 nine a month for just seven months. All right, and 1:52:12.040 --> 1:52:15.840 so again that's get four three two one dot com. 1:52:15.880 --> 1:52:17.840 That's get four three two one dot com with the 1:52:17.880 --> 1:52:20.120 one pay you save fourteen ninety five. But if you 1:52:20.160 --> 1:52:22.400 need to do the four ninety nine per month payment plan, 1:52:22.560 --> 1:52:25.200 then go ahead and do that. You also get to 1:52:25.200 --> 1:52:28.920 bring a buddy into the program for free. You also 1:52:29.000 --> 1:52:30.960 get to bring a buddy into the program for free. 1:52:31.080 --> 1:52:34.599 That buddy includes your best friend, spouse or homie blood 1:52:34.680 --> 1:52:37.280 which is sibling, parents or kids, or a business partner 1:52:37.280 --> 1:52:40.439 who you're going to invest with. Okay, why would we 1:52:40.479 --> 1:52:43.240 do that? Because if we know that you will have 1:52:43.280 --> 1:52:45.560 a higher degree of accountability and a greater chance of 1:52:45.600 --> 1:52:48.439 success when there's somebody around you who also wants this, 1:52:48.560 --> 1:52:51.719 who says, let's go do module five this this weekend. 1:52:51.800 --> 1:52:54.519 Let's go look at these three properties today, right, and 1:52:54.560 --> 1:52:56.800 so we are allowing you to bring a buddy into 1:52:56.840 --> 1:53:00.679 the program for free, and all the instructions to add 1:53:00.760 --> 1:53:05.000 your buddy to your account is an orientation. Okay, So 1:53:06.200 --> 1:53:08.639 many of you are sitting at home alone right now. 1:53:08.720 --> 1:53:10.679 You're watching this webinar alone. How many you are watching 1:53:10.720 --> 1:53:15.120 this webinar alone right now? How many you are watching 1:53:15.240 --> 1:53:22.400 this webinar alone right now? Somebody said, dole loon, how 1:53:22.439 --> 1:53:24.200 has it ever crossed your mind that the reason that 1:53:24.240 --> 1:53:26.479 you haven't achieved everything that you desire is because you've 1:53:26.479 --> 1:53:29.559 been trying to do everything by yourself. The problem with 1:53:29.600 --> 1:53:32.400 personal development is that it's personal. But when you look 1:53:32.400 --> 1:53:34.679 at the world's most successful people, all of the world's 1:53:34.720 --> 1:53:38.200 most successful people moving packs, but here you are trying 1:53:38.200 --> 1:53:40.240 to be the acception to the rule. I'm just gonna 1:53:40.240 --> 1:53:41.920 do it on my own. I'm gonna pick up myself 1:53:41.920 --> 1:53:44.120 by my own bootstraps. Well, guess what, somebody had to 1:53:44.120 --> 1:53:45.920 make the boot traps. So you still are not alone. 1:53:47.680 --> 1:53:49.720 With the multicamming movement, you now get to be part 1:53:49.720 --> 1:53:52.240 of a family of people who are committed to create 1:53:52.280 --> 1:53:54.519 a regenerational wealth and entering into what we call the 1:53:54.600 --> 1:53:57.920 asset class. There's the lower class, the middle class, the 1:53:58.000 --> 1:54:00.559 upper class, which are highly paid people, but it's all 1:54:00.600 --> 1:54:03.400 active income. And the only true group of people that's 1:54:03.439 --> 1:54:06.440 truly free is above them, which is the asset class. 1:54:06.920 --> 1:54:09.360 And that is what we're aspiring to be. Can everybody 1:54:09.400 --> 1:54:12.680 type asset class. That's new language. I created that language, 1:54:12.720 --> 1:54:15.320 and I want everybody to type that in asset class. 1:54:15.439 --> 1:54:17.680 That is the new aspiration. I'm not trying to be 1:54:17.720 --> 1:54:19.960 middle class. Who wants to be in the middle I'm 1:54:19.960 --> 1:54:24.679 not trying to be upper class just having good active income. 1:54:25.080 --> 1:54:27.479 I want to be part of the asset class where 1:54:27.520 --> 1:54:30.800 I am one hundred percent free. And the best way 1:54:30.840 --> 1:54:32.920 I know to do that at this moment in time 1:54:33.200 --> 1:54:37.920 is multifamily real estate. All right, So if you signed up, 1:54:38.000 --> 1:54:40.080 please let me know in chat so I can give 1:54:40.120 --> 1:54:43.120 you some love. If you signed up, please let me 1:54:43.120 --> 1:54:48.440 know in chat so I can give you some love. Melissa, 1:54:48.680 --> 1:54:51.240 Welcome to the Welcome to the family. Happy to have you. 1:54:53.240 --> 1:54:56.640 If you join, let me know in chat. Pat Rashida said, 1:54:56.680 --> 1:54:59.600 almost done. Joseph, welcome to the family. Pre welcome to 1:54:59.640 --> 1:55:03.560 the family. Oh and welcome to the family. Let's share. Yes, 1:55:03.600 --> 1:55:05.520 you can bring your ten year old. We love having 1:55:05.520 --> 1:55:10.800 the young ones with us. Okay, Milton, welcome to the family, 1:55:12.880 --> 1:55:18.120 mister says, signing up tomorrow. Michael already in the game. 1:55:20.040 --> 1:55:24.000 Al Ada, welcome to the family. Happy to have you. 1:55:25.520 --> 1:55:30.120 Good good, good good we Weeda Okay, pleasure to meet you. 1:55:31.000 --> 1:55:32.920 For those of you who have PayPal, you can use 1:55:32.920 --> 1:55:36.240 PayPal credit. PayPal credit there is no interest for six months, 1:55:36.280 --> 1:55:38.040 but only we don't want you to buy this on 1:55:38.080 --> 1:55:41.120 our credit card. We don't want you to increase your liabilities. 1:55:42.120 --> 1:55:44.600 But PayPal credit is no interest for six months. So 1:55:44.680 --> 1:55:46.360 if you know that you have a tax return or 1:55:46.360 --> 1:55:49.000 a lumputh come come in within six months, you can 1:55:49.000 --> 1:55:51.280 go ahead and take advantage of the one pay discount 1:55:51.400 --> 1:55:54.560 of fourteen ninety five and use PayPal credit and then 1:55:54.600 --> 1:55:57.160 just pay off that balance when the lump sum that 1:55:57.240 --> 1:56:01.000 you have for it's your birthday bonus or whatever come in, 1:56:01.160 --> 1:56:05.520 all right, all right, So with that, there are a 1:56:05.520 --> 1:56:07.680 few more bonuses that we have, and I'm gonna answer 1:56:07.760 --> 1:56:10.600 questions live in just a second. I'm gonna give you 1:56:10.640 --> 1:56:13.200 time your Rapper's Credit Etiquette course. This will help you 1:56:13.200 --> 1:56:14.800 boost your credit score by fifty to one hundred and 1:56:14.800 --> 1:56:16.840 fifty points for those you want to get your interest 1:56:16.920 --> 1:56:20.280 rate down. If your credit score is totally shot, then 1:56:20.400 --> 1:56:22.240 you typically are gonna want to go with NAKA because 1:56:22.280 --> 1:56:25.960 NACA does not take credit into account when financing you. Okay, 1:56:26.120 --> 1:56:28.360 so you do not need great credit if you're going 1:56:28.400 --> 1:56:30.360 to go through NAKA. I'm also going to give you 1:56:30.360 --> 1:56:33.360 my ARII Tax Secrets program, which is how to reduce 1:56:33.360 --> 1:56:36.000 your tax liability using multi family real estate in the 1:56:36.040 --> 1:56:40.200 tax code. I showed you how one multi family property 1:56:40.240 --> 1:56:41.680 is going to literally save me two hundred and seventy 1:56:41.680 --> 1:56:44.320 eight thousand dollars in taxes over thirty years. Right, you 1:56:44.360 --> 1:56:46.240 do not need an LLC. You just need to do 1:56:46.280 --> 1:56:49.360 your accounting properly. Okay, I'm gonna answer questions just a 1:56:49.400 --> 1:56:52.640 second family, Okay. I'm also going to give you my 1:56:52.760 --> 1:56:55.960 Airbnb Overnight success course, which is how I built a 1:56:56.000 --> 1:56:59.000 six figure Airbnb business. So if you decide to get 1:56:59.000 --> 1:57:01.080 a four plex and to air B and B two units, 1:57:01.080 --> 1:57:02.960 rent out one unit, and live in the other, this 1:57:02.960 --> 1:57:05.080 could be a great business model for you. In fact, 1:57:05.200 --> 1:57:08.800 April she is earning over ten thousand dollars a month 1:57:08.880 --> 1:57:11.320 off of her first four unit in Virginia Beach because 1:57:11.320 --> 1:57:14.600 she airbnb'd all three units. And she just sent me 1:57:14.640 --> 1:57:18.200 her resignation letter for her job. So shout out to 1:57:18.320 --> 1:57:22.560 April on running the play off of two properties. She 1:57:22.640 --> 1:57:24.640 got this property another one and then quit her job. 1:57:24.840 --> 1:57:28.160 All right, So this is real life stuff. These are 1:57:28.200 --> 1:57:31.440 real human beings, real stories. Family. Okay. I'm also going 1:57:31.480 --> 1:57:34.800 to give you the purchase a Past deal Analyzer online version. Okay. 1:57:35.000 --> 1:57:37.400 This is the technologies that I've invested in and built 1:57:37.400 --> 1:57:41.080 for my community alone. With the purchase of Past Deal Analyzer. 1:57:41.960 --> 1:57:44.200 This is where we share off market deals with one another. 1:57:44.440 --> 1:57:46.720 All right. We share off market deals with one another, 1:57:47.080 --> 1:57:49.080 and this is where we connect with people in our market. 1:57:49.120 --> 1:57:51.720 These are the beautiful people in the Orlando market. We 1:57:51.760 --> 1:57:54.160 also share our real estate rolodexes with each other, the 1:57:54.200 --> 1:57:56.600 best agents in our markets, the best lenders in our markets, 1:57:56.640 --> 1:58:00.440 the best inspectors, insurance companies, general contractors, etc. All that 1:58:00.520 --> 1:58:03.280 data is collected in the purchase of Past Deal Analyzer. Okay. 1:58:03.560 --> 1:58:06.920 We also meet in groups called market meetups all across 1:58:06.920 --> 1:58:09.160 the country. So you see Saint Louis here, you see 1:58:09.200 --> 1:58:15.839 Baton Rouge, the Bay Area, Atlanta, Dallas, Brooklyn, New Jersey. 1:58:16.120 --> 1:58:20.080 We connect in real life. These are real life meetups, 1:58:20.200 --> 1:58:22.520 So you're literally plugging into a real family. If you 1:58:22.560 --> 1:58:24.960 fill alone on this journey, then this is your opportunity 1:58:25.000 --> 1:58:27.040 to plug into a real family instead of trying to 1:58:27.720 --> 1:58:30.120 lift up your friends or your family members who don't 1:58:30.120 --> 1:58:31.720 get it. At this moment in time. You get to 1:58:31.840 --> 1:58:34.000 join a group of people who is already elevated and 1:58:34.040 --> 1:58:36.640 you get to rise to the occasion. Right. Then we're 1:58:36.640 --> 1:58:38.600 also going to give you the FUELIP module, which shows 1:58:38.640 --> 1:58:41.000 you how to scale up your portfolio. Especially for those 1:58:41.040 --> 1:58:43.160 of you who already have a single family with equity, 1:58:43.240 --> 1:58:44.960 we want to show you how to build that portfolio 1:58:45.120 --> 1:58:48.120 up all right, So, and then you all get a 1:58:48.120 --> 1:58:50.680 ticket to Generational Wealth Conference, which is our basically our 1:58:50.680 --> 1:58:53.040 family reunion when we come together for two days. It'll 1:58:53.080 --> 1:58:55.360 be free for you. Okay, it'll be free for you, 1:58:55.600 --> 1:58:57.760 and you get to come to Generational Wealth Conference. And 1:58:57.840 --> 1:58:59.560 on day one we do all of my wealth building 1:58:59.600 --> 1:59:03.720 strategy be on real estate, whether that's stock market investing, cryptocurrency, 1:59:03.840 --> 1:59:06.920 whole life insurance, or and on day two we do 1:59:07.040 --> 1:59:10.600 other aspects of real estate, whether that's Airbnb, rehabs, new construction, 1:59:10.920 --> 1:59:16.080 and commercial real estate. Okay, so everything here, including the bonuses, 1:59:16.120 --> 1:59:18.560 would be over eleven thousand dollars. You can join right 1:59:18.600 --> 1:59:21.720 now for twenty four hundred and ninety seven dollars. We're 1:59:21.720 --> 1:59:23.800 only looking for one hundred people right now. There are 1:59:23.840 --> 1:59:27.040 over one thousand people on this webinar. There's actually six 1:59:27.120 --> 1:59:30.280 hundred and seventy people still here right now based on 1:59:31.040 --> 1:59:33.600 some of the people who already let me know that 1:59:33.640 --> 1:59:35.840 they join. Actually, let me check my phone real quick. 1:59:38.920 --> 1:59:49.080 What is that one, two, three, four, five, six, seven, eight, nine, ten, eleven, twelve, thirteen. 1:59:51.200 --> 1:59:55.920 It looks like twenty five people already in. Remember, I 1:59:55.960 --> 1:59:58.080 think it's about twenty five. Remember the two thousand, four 1:59:58.120 --> 2:00:00.720 hundred and ninety seven will be for the first twenty 2:00:00.800 --> 2:00:03.200 five people who do the full pay, right, So I 2:00:03.200 --> 2:00:05.640 think there's some of those left if you are ready 2:00:05.800 --> 2:00:09.320 to go. So don't procrastinate, don't hesitate, and don't wait, 2:00:09.480 --> 2:00:11.720 all right, So, literally, you were just one deal away. 2:00:11.760 --> 2:00:13.600 This is my first deal in Brooklyn, New York. It 2:00:13.680 --> 2:00:16.960 literally changed the financial trajectory of my life. This was 2:00:16.960 --> 2:00:20.320 the first domino. And when you buy your first multifamily home, 2:00:20.760 --> 2:00:22.920 the moment you do that and you collect that first 2:00:22.920 --> 2:00:24.520 rent check, you're going to want to buy another one, 2:00:24.560 --> 2:00:26.480 and another one and another one. And this is how 2:00:26.520 --> 2:00:29.320 my wealth got built. Over the past eight years. Literally, 2:00:29.360 --> 2:00:31.080 I've been able to build one hundred and eighty thousand 2:00:31.080 --> 2:00:35.000 dollars in passive income right in less than a decade. Right, 2:00:35.240 --> 2:00:37.560 all through Multi Tammi Real Estate. So you're gonna start 2:00:37.560 --> 2:00:40.320 the programs Toe Finals. Welcome to the family. I see you, Jeffrey, 2:00:40.320 --> 2:00:42.960 Welcome to the family. I see you, Richard, Welcome to 2:00:43.000 --> 2:00:45.960 the family. Happy to have you all right, So you're 2:00:45.960 --> 2:00:48.320 gonna get onboard. You're gonna get your deal analyzers. Start 2:00:48.320 --> 2:00:51.080 the online course, go through orientation by our weekly doing 2:00:51.080 --> 2:00:53.960 them a call on Sunday. You'll get emails about Matt's call. 2:00:54.120 --> 2:00:56.040 Then we'll have our first challenge. You'll start your first 2:00:56.080 --> 2:01:00.680 challenge on Monday. Right now. The price is four ninety 2:01:00.720 --> 2:01:02.960 nine per month for seven months or two thousand, four 2:01:03.000 --> 2:01:05.320 hundred and ninety seven dollars one time lifetime for the 2:01:05.320 --> 2:01:07.680 first twenty five people. After that, it's going to go 2:01:07.840 --> 2:01:10.640 up to two thousand, nine hundred and ninety seven dollars 2:01:10.760 --> 2:01:13.040 or back to an eight pay. So, if you're ready 2:01:13.120 --> 2:01:15.480 to go, go ahead and go to get four three 2:01:15.480 --> 2:01:17.760 two one dot com again. That's get four three two 2:01:17.800 --> 2:01:24.040 one dot com. You have until Saturday. You have till Saturday. 2:01:24.160 --> 2:01:26.440 When do y'all get paid? When y'all get paid? Y'all 2:01:26.480 --> 2:01:33.480 getting paid on Friday. When's the first? When's the first? Yes, 2:01:33.560 --> 2:01:35.960 the first is Friday, So I know some of you're 2:01:35.960 --> 2:01:38.240 gonna have to wait till Friday till your paycheck comes in, 2:01:38.400 --> 2:01:42.920 and that's totally understandable, So go ahead and UH. If 2:01:42.960 --> 2:01:44.800 that you have to wait till that hits, then you 2:01:44.880 --> 2:01:48.680 have till Saturday. You have until Saturday to join, right, 2:01:48.720 --> 2:01:50.760 so you'll see a timer on that page at get 2:01:50.800 --> 2:01:53.560 four three two one dot com and uh, and you 2:01:53.600 --> 2:01:56.200 want to make sure you join before that timer expires. 2:01:56.240 --> 2:01:58.240 We have class on Sunday and we want you to 2:01:58.280 --> 2:02:02.280 be done with orientation by Sunday at eight pm Eastern. Okay, 2:02:02.600 --> 2:02:04.360 so my question to you is what are you waiting for? 2:02:05.240 --> 2:02:07.920 You know, you wanted to buy real estate for three, five, ten, 2:02:08.080 --> 2:02:11.480 fifteen years now, and waiting is not going to help you. 2:02:11.840 --> 2:02:13.840 Prices are going to continue to rise, and it's going 2:02:13.880 --> 2:02:15.720 to make it harder and harder and harder for you 2:02:15.760 --> 2:02:18.360 to get in the game. The more you hesitate, procrastinating 2:02:18.360 --> 2:02:21.440 and wait. If you think interest rate increases are bad, 2:02:21.880 --> 2:02:24.400 well guess what. Here's where we are in terms of 2:02:24.440 --> 2:02:29.840 the past. What is this forty seven years of interest rate? 2:02:30.600 --> 2:02:32.760 We're still down here. So even if the FED increases 2:02:32.760 --> 2:02:34.920 the interest rate, YO, point two five percent. That's still 2:02:35.000 --> 2:02:38.840 insignificant in comparison to what interest rates were in the 2:02:38.960 --> 2:02:41.720 nineteen eighties. I wouldn't be in the game of real 2:02:41.800 --> 2:02:44.400 estate if my interest rate was eighteen point sixty three percent, 2:02:44.560 --> 2:02:46.680 I would not be buying real estate. I've been a 2:02:46.680 --> 2:02:50.000 different asset class. So we are still experiencing all time 2:02:50.120 --> 2:02:52.600 lows in terms of Morgan interest rates. And you want 2:02:52.600 --> 2:02:55.920 to get in before the interest rates rise anymore, all right, 2:02:56.040 --> 2:02:58.360 because here's what a one percent increase in interest will 2:02:58.360 --> 2:03:01.240 do for you or do not do against you. So 2:03:01.400 --> 2:03:03.120 if you're able to close on a property at three 2:03:03.120 --> 2:03:04.920 percent interest rate, that's going to be one hundred and 2:03:04.960 --> 2:03:07.920 sixty five thousand dollars in interest. Okay, if you allow 2:03:07.960 --> 2:03:11.520 the interest rate to increase by one percent to four percent, 2:03:11.920 --> 2:03:13.960 that's going to increase your interest to two hundred and 2:03:13.960 --> 2:03:17.760 twenty six thousand dollars. That's literally sixty thousand dollars more 2:03:17.800 --> 2:03:22.200 for the same exact property, all because you procrastinated and hesitated. 2:03:23.200 --> 2:03:25.440 This program is only two thousand, four hundred and ninety 2:03:25.440 --> 2:03:27.920 seven dollars. If we can literally just get you in 2:03:27.960 --> 2:03:31.680 the game before the interest rate increases, you've already saved 2:03:31.720 --> 2:03:35.800 and got a huge ROI on your investment. All right. 2:03:36.440 --> 2:03:38.520 So with that, I want to say thank you, thank you, 2:03:38.760 --> 2:03:41.240 thank you, thank you for being here. This has been 2:03:41.240 --> 2:03:44.000 an absolute pleasure to teach you. Matt text me and 2:03:44.000 --> 2:03:47.400 he apologizes for not being able to make it. He 2:03:47.440 --> 2:03:49.960 has some travel issues, and then he has some technology issues. 2:03:50.120 --> 2:03:52.680 That's my brother. His mind is my mind. We are one, 2:03:53.000 --> 2:03:54.520 and I was able to bring it all the way 2:03:54.560 --> 2:03:56.400 home for you, and now I'm trying to get you 2:03:56.440 --> 2:03:59.640 a home if you will allow us to. Okay. So 2:03:59.680 --> 2:04:02.520 with that, I want to take questions. Now. I'll probably 2:04:02.520 --> 2:04:05.920 take about ten, ten or fifteen questions. I know there 2:04:05.920 --> 2:04:08.280 were tons of them in chat. I want you to 2:04:08.320 --> 2:04:10.400 use a Q and A function, though, please do not 2:04:10.600 --> 2:04:13.280 answer ask your questions in chat. Please use the Q 2:04:13.360 --> 2:04:16.680 and A function and I will answer them there in order. Okay, 2:04:17.400 --> 2:04:20.680 thank you, I appreciate that, Rodney, so Rashida. The conference 2:04:20.720 --> 2:04:24.320 is in January. It is every January, typically on MLK weekend. 2:04:24.680 --> 2:04:28.360 All right, that's when the conference is. What software is 2:04:28.360 --> 2:04:31.240 do I use for property management? I use Tenant Cloud 2:04:31.320 --> 2:04:34.600 or Cozy. Do you have a property manager? Yes, I 2:04:34.600 --> 2:04:38.200 have a property manager. Property managers typically take six to 2:04:38.200 --> 2:04:40.360 ten percent of rents. So if your rents on a 2:04:40.360 --> 2:04:42.640 property are four thousand dollars per month, a property manager 2:04:42.680 --> 2:04:44.600 will take anywhere from two hundred and forty to four 2:04:44.640 --> 2:04:47.160 hundred dollars per month as their fee for managing that 2:04:47.200 --> 2:04:51.560 property for you. Okay, what if I'm self employed? Self 2:04:51.560 --> 2:04:54.520 employed is okay as long as you're making decent income 2:04:54.600 --> 2:04:57.120 in that it's consistent for those who are self employed. 2:04:57.160 --> 2:04:59.240 Remember I got financed from my first deal self employed. 2:04:59.400 --> 2:05:01.320 So for those and self employed, I encourage you to 2:05:01.520 --> 2:05:05.320 one start paying yourself out of your business bi weekly. 2:05:05.680 --> 2:05:08.560 So now you have income and your business has income. 2:05:08.880 --> 2:05:11.120 When you are going for financing, you'll show both of 2:05:11.120 --> 2:05:13.800 those to the lender, right and if as long as 2:05:13.840 --> 2:05:15.680 you own one hundred percent of the business, the lender 2:05:15.720 --> 2:05:19.040 will take that income into account, right, the business income. 2:05:19.400 --> 2:05:21.960 And if you are in a cash based business and 2:05:22.560 --> 2:05:25.160 you do a lot of write offs to avoid taxes, 2:05:26.160 --> 2:05:28.800 there is something called a bank statement loan, which is 2:05:29.080 --> 2:05:31.280 going to typically be a higher down payment and a 2:05:31.360 --> 2:05:34.160 higher interest rate, but it is a great option still 2:05:34.240 --> 2:05:39.640 if you are self employed, Okay, how can I join? 2:05:39.960 --> 2:05:41.960 How can I become a certified real estate agent in 2:05:42.000 --> 2:05:45.520 your program, so one, you have to complete the course. 2:05:45.720 --> 2:05:47.560 Once you complete the course, you will take a test 2:05:47.920 --> 2:05:51.760 and from there you can get license to serve all 2:05:51.840 --> 2:05:55.160 of our students in that market and benefit from the commissions. 2:05:55.200 --> 2:05:58.680 All because you join the community, you learn the methodology, 2:05:58.840 --> 2:06:04.520 and now you get to access that network. Okay, next question, 2:06:04.560 --> 2:06:06.360 if you're married, can you and your spouse reap the 2:06:06.440 --> 2:06:08.920 benefits of first time home biership if we were to 2:06:08.920 --> 2:06:11.960 buy separately, Melissa, It all depends on if you're in 2:06:12.000 --> 2:06:15.440 a community property state. If you're in a community property state. 2:06:16.000 --> 2:06:18.080 If you're in a community property state, that debt is 2:06:18.360 --> 2:06:20.960 going to be reflect on both of you. And if 2:06:20.960 --> 2:06:25.680 you're not, then yes, there are ways to run the play, 2:06:25.720 --> 2:06:27.960 but there are specific language patterns that you have to 2:06:28.040 --> 2:06:29.960 use the lenders in order to be able to get 2:06:29.960 --> 2:06:36.160 financed separately. If you are already married. Okay, Deanna, pa, 2:06:36.320 --> 2:06:39.560 please bring your questions over into and one. Bring your 2:06:39.600 --> 2:06:42.160 questions over into the Q and A function. There's seventy 2:06:42.200 --> 2:06:44.160 two questions there. I'm answering them in order in the 2:06:44.240 --> 2:06:45.880 Q and A function. You'll see Q and A at 2:06:45.920 --> 2:06:49.920 the bottom of your webinar screen. Okay, are you going 2:06:49.960 --> 2:06:53.840 to post a PowerPoint and allow access after this live zoom. Yes, 2:06:54.240 --> 2:06:56.680 I will post a replay up. I'll post a replay 2:06:56.720 --> 2:06:58.920 up so that you can see it. So if you 2:06:58.960 --> 2:07:00.760 want to share this with your butt to your whatnot 2:07:01.360 --> 2:07:05.240 before you join, you can do that. But again, we're 2:07:05.280 --> 2:07:09.000 only looking for one hundred people and that two forty nine. 2:07:09.200 --> 2:07:11.320 In fact, what I'll do is because it looks like 2:07:11.320 --> 2:07:13.360 we're already at twenty five people. So what I'm what 2:07:13.400 --> 2:07:16.040 I'll do is let me change this really quickly. I'll 2:07:16.080 --> 2:07:18.280 allow the two four hundred and ninety seven dollars or 2:07:18.280 --> 2:07:23.480 the seven pay to go until I allowed to go 2:07:23.640 --> 2:07:27.760 until uh midnight. So let me change this really quickly. 2:07:29.520 --> 2:07:35.840 One second, all right, So since we already are at 2:07:35.840 --> 2:07:38.280 twenty five people, I will allow the two four hundred 2:07:38.280 --> 2:07:42.480 and ninety seven dollars to go until midnight, so it 2:07:42.520 --> 2:07:44.480 won't just be the first twenty five people, it'll be 2:07:44.800 --> 2:07:49.160 uh until midnight, So take advantage of that before the 2:07:49.240 --> 2:07:54.120 clock strikes twelve. Okay, Michael, what's going on? Michael? On 2:07:54.120 --> 2:07:56.080 a retire bet who hasn't used my BA loan? What 2:07:56.160 --> 2:08:00.000 is your advice for building a four place? Michael? You 2:08:00.200 --> 2:08:03.640 can use two O three K loan for a new construction. 2:08:03.760 --> 2:08:07.040 But I honestly don't encourage you to use UH to 2:08:07.080 --> 2:08:10.080 try a new construction for your first purchase. Brother, I 2:08:10.120 --> 2:08:12.560 don't encourage you to do that for your first purchase. 2:08:12.600 --> 2:08:14.320 I encourage you to get your feet wet with an 2:08:14.360 --> 2:08:18.920 existing property and then from there, once you've built up 2:08:18.960 --> 2:08:22.760 equity and got to feel for it, then go into 2:08:23.000 --> 2:08:26.400 UH then consider new construction. That's a completely different play, 2:08:26.600 --> 2:08:31.160 completely different financing process. Your VA loan I do not 2:08:31.280 --> 2:08:35.240 think will position you for new construction, unless if you're 2:08:35.360 --> 2:08:38.520 leading it, if you found a builder who is doing 2:08:38.600 --> 2:08:42.360 a new construction. Normally builders doing new constructions for single 2:08:42.400 --> 2:08:43.920 company homes. I don't know if you're gonna be able 2:08:43.960 --> 2:08:45.880 to find a builder who's gonna be doing a new 2:08:45.880 --> 2:08:49.920 construction for a four plax. So that's a harder play 2:08:50.040 --> 2:09:05.280 to run, brother, Okay, cool, UH. Next question that's a repeat. 2:09:08.080 --> 2:09:09.520 If you already have a single family home, I'm not 2:09:09.560 --> 2:09:12.120 looking to move. What's the best way to get started? So, Raquel, 2:09:12.360 --> 2:09:13.640 the best way for you is going to be to 2:09:13.640 --> 2:09:17.040 find a small or less expensive, non sexy market where 2:09:17.120 --> 2:09:19.640 twenty five percent down makes sense. So for me, that 2:09:19.720 --> 2:09:22.320 was New Orleans, and then it became Baton Rouge. So 2:09:22.360 --> 2:09:25.200 in Baton Rouge, I purchased properties for twenty five thousand dollars, 2:09:25.360 --> 2:09:28.040 put in fifteen thousand dollars to them forty thousand in 2:09:28.120 --> 2:09:31.360 but they're worth sixty now and they cash flow like crazy. 2:09:31.640 --> 2:09:34.920 So these this is how you expand your portfolio. Your 2:09:34.920 --> 2:09:36.600 money does not have to work in the same city 2:09:36.600 --> 2:09:39.360 as you do. Right, Your money does not have to 2:09:39.360 --> 2:09:42.000 work in the same city as you do. Right. You 2:09:42.000 --> 2:09:44.640 own Amazon stock, never been to Seattle, you own Nike stock, 2:09:44.720 --> 2:09:48.520 never been to Oregan, Okay, So your money does not 2:09:48.600 --> 2:09:49.760 have to work in the same city as you do. 2:09:49.800 --> 2:09:52.160 And once you understand real estate at the level that 2:09:52.240 --> 2:09:54.360 Matt and I teach it, it actually opens up the 2:09:54.480 --> 2:09:56.560 entire country to you and you're not just limited by 2:09:56.560 --> 2:09:59.480 the city that you live in. I still see tons 2:09:59.520 --> 2:10:03.280 of questions coming in through chat. Please everybody use the 2:10:03.360 --> 2:10:05.960 Q and A function. Use the Q and A function. 2:10:07.560 --> 2:10:10.200 We're over one hundred questions now, so I'm going to 2:10:10.200 --> 2:10:12.520 continue to answer them in order. If I have not 2:10:12.560 --> 2:10:15.560 gotten to your question, it's not personal. There's one hundred 2:10:15.640 --> 2:10:18.200 questions family, I'm going through them one by one. I'm 2:10:18.200 --> 2:10:21.200 trying to eliminate duplicates. It is not personal if I 2:10:21.200 --> 2:10:25.160 have not seen your question. All right, okay, how do 2:10:25.200 --> 2:10:28.200 you control debt to income when using this strategy? So holden, 2:10:28.280 --> 2:10:31.360 that's a great question. So when you buy right using 2:10:31.400 --> 2:10:33.480 the criteria that Matt and I lay out for you, 2:10:33.480 --> 2:10:36.160 your debt to income racial should actually improve with every 2:10:36.160 --> 2:10:40.080 single purchase. It should get better because while you're adding 2:10:40.120 --> 2:10:42.760 on debt, which is going to be the mortgage, your 2:10:42.840 --> 2:10:48.120 income when you bought right should actually be should improve 2:10:48.400 --> 2:10:51.520 your debt to income ratio with every single purchase. My 2:10:51.560 --> 2:10:53.400 debt to income racial has gotten better and better and 2:10:53.720 --> 2:10:56.920 better because as my eyes get better and better and better, 2:10:57.000 --> 2:11:00.200 I'm finding better and better deals. So this is how 2:11:00.200 --> 2:11:02.920 it works. If you are buying wrong, then your debt 2:11:02.920 --> 2:11:05.000 to income race you will go down with every single purchase. 2:11:05.360 --> 2:11:10.320 All right, You're welcome holding all right? Would you encourage 2:11:10.320 --> 2:11:12.520 people getting an LLC before seeking the purchase in their 2:11:12.520 --> 2:11:15.880 own name? So Knack A VA and FAHA do not finance. 2:11:16.720 --> 2:11:20.240 Do not finance LLCs, They only finance individuals. I don't 2:11:20.280 --> 2:11:22.480 encourage you to get an LLC until you have at 2:11:22.560 --> 2:11:25.400 least ten doors. You can have up to ten mortgages 2:11:25.480 --> 2:11:29.080 in your name, in your personal name. Okay. People say, oh, 2:11:29.120 --> 2:11:31.720 but what about liability, this and that. Well, with a 2:11:31.760 --> 2:11:34.480 single member LLC, you really have no protection unless you 2:11:34.520 --> 2:11:36.680 know how to set it up with anonymity. So a 2:11:36.720 --> 2:11:40.760 single member LLC, it is easy to pierce the corporate veil, right, 2:11:40.960 --> 2:11:42.760 and so you're really not protected. The way you protect 2:11:42.760 --> 2:11:46.880 yourself and you just get insurance. Family, you just get insurance. Period, 2:11:47.040 --> 2:11:49.560 That's how you protect yourself. I've had somebody slipping falling 2:11:49.600 --> 2:11:53.520 on our property before. Insurance handles everything. Okay, So that 2:11:53.640 --> 2:11:55.360 is the key to protecting yourself. You don't need to 2:11:55.400 --> 2:11:57.880 go create all these other infrastructures at LLC for every 2:11:57.920 --> 2:11:59.760 single property. You don't need that yet. You're not that 2:11:59.800 --> 2:12:01.120 as yet we are. You're trying to get you your 2:12:01.120 --> 2:12:08.000 first property, all right, Peterday I answered that for self 2:12:08.000 --> 2:12:18.960 employed folks. Can you use FAHA if you have a purchase, 2:12:19.080 --> 2:12:22.839 if you have purchased a rental property in an LLC. Actually, 2:12:22.840 --> 2:12:25.240 if that, if that rental property purchase under the LLC 2:12:25.360 --> 2:12:28.080 is not showing up on your credit report, then FAHA 2:12:28.480 --> 2:12:30.640 or your lender will not be aware of that debt 2:12:31.000 --> 2:12:33.800 and you should be able to use faha, all right, 2:12:37.680 --> 2:12:41.960 how do you calculate capex capex is I set aside 2:12:41.960 --> 2:12:43.800 ten percent of rents for Capex, So rents are four 2:12:43.800 --> 2:12:46.120 thousand dollars. I set aside four hundred dollars every single 2:12:46.160 --> 2:12:49.040 month for capex. Okay, so four hundred dollars a month 2:12:49.120 --> 2:12:51.960 is going to a separate account to cover future roof, 2:12:52.040 --> 2:12:59.320 for pair, foundation, electrical plumbing, HVAC, major things. Okay, all right. 2:13:01.680 --> 2:13:04.360 How did the pandemic affect my portfolio? I said it 2:13:04.400 --> 2:13:07.920 on the Webinar Family. Half of my portfolio is section eight. 2:13:08.120 --> 2:13:10.440 So whether the economy is up or down, guess what 2:13:10.760 --> 2:13:14.440 I'm getting paid by the government. Whether the economy is 2:13:14.520 --> 2:13:18.200 up or down. Right, Then of my market rate tenants, 2:13:18.480 --> 2:13:20.840 I know how to screen them very well, so I 2:13:20.960 --> 2:13:23.640 choose people who are in education or in healthcare. So 2:13:23.800 --> 2:13:25.560 out of my thirty eight units, I only have three 2:13:25.560 --> 2:13:28.120 people downsize. Nobody tried to live for free off of 2:13:28.160 --> 2:13:30.960 me during the pandemic. Okay. I had three people downsize, 2:13:31.000 --> 2:13:33.360 move back home, etc. And I feel those units back. 2:13:33.560 --> 2:13:36.480 This is how you protect your portfolio family, is that 2:13:36.560 --> 2:13:40.280 you diversify it by having guaranteed programs like Section eight 2:13:40.680 --> 2:13:42.800 make sure that you cover your mortgages. My Section eight 2:13:42.800 --> 2:13:45.880 tenants cover about ninety percent of all my mortgages. So 2:13:45.960 --> 2:13:48.440 even if none of my market rate tenants paid during 2:13:48.440 --> 2:13:50.200 the pandemic, I would only have to come out of 2:13:50.240 --> 2:13:53.280 pocket about twelve hundred dollars to fill the gap. But 2:13:53.320 --> 2:13:55.160 my market rate tenants, I screened them very well. The 2:13:55.200 --> 2:13:57.720 first asset is the building. The second asset is who 2:13:57.720 --> 2:14:00.280 you allow to live in that building. Right, This is 2:14:00.320 --> 2:14:02.600 a real key part of the equation. Right, It's not 2:14:02.640 --> 2:14:04.400 just about getting the property. You actually actually know how 2:14:04.440 --> 2:14:09.200 to manage that property. All right. I'll tell you two 2:14:09.200 --> 2:14:16.240 more questions and we'll call it a night. If you're married, 2:14:16.280 --> 2:14:18.080 but one person is on the mortgage, you should be 2:14:18.080 --> 2:14:20.680 free and good to go. Right, So go see if 2:14:20.720 --> 2:14:23.720 you can get financed on your own. If you are 2:14:23.760 --> 2:14:29.200 married but only one person is on the mortgage, okay, Okay, 2:14:29.240 --> 2:14:31.720 Should I sell my single family to do the fourth 2:14:31.720 --> 2:14:34.400 three to two one strategy? Okay? It all depends. There's 2:14:34.440 --> 2:14:36.000 a lot of questions I would have to ask you. 2:14:36.560 --> 2:14:39.440 Who's in your family, do you have kids, are they 2:14:39.480 --> 2:14:42.120 in a great school district? How much equity is in 2:14:42.120 --> 2:14:43.560 your home? How much do you owe. What is your 2:14:43.560 --> 2:14:46.720 interest rate? What market are you in? Are you willing 2:14:46.720 --> 2:14:49.840 to live in a single in a multi family? Are 2:14:49.880 --> 2:14:51.240 you ready to run the fourth three to two to 2:14:51.240 --> 2:14:54.640 one play? Are you attached to that single family home? 2:14:54.760 --> 2:14:58.000 Is there any nostalgia to it? Are you entangled with it? Right? 2:14:58.200 --> 2:15:00.680 These are all kinds of questions that are are you married? 2:15:01.560 --> 2:15:02.880 These are the kind of questions that I would have 2:15:02.960 --> 2:15:04.360 to ask you in a hot seat to help you 2:15:04.400 --> 2:15:07.160 make the best decision for you and your family. Okay, 2:15:10.080 --> 2:15:17.240 cool if she said she would sell? All right? Last question, 2:15:17.840 --> 2:15:20.480 I'm sorry, family, that's over one hundred questions. I'm trying 2:15:20.520 --> 2:15:22.160 to get to as many as I can. I'm checking 2:15:22.200 --> 2:15:27.240 for duplicate kids, Kyrie. Yes, how do you teach how 2:15:27.280 --> 2:15:29.600 to buy properties in other states? I just said it. 2:15:29.600 --> 2:15:31.120 Your money doesn't have to work in the same city 2:15:31.120 --> 2:15:32.960 as you do. I bought my property in Oakland and 2:15:33.000 --> 2:15:36.680 in New Orleans without without being there. So when you 2:15:36.760 --> 2:15:39.680 know how to play the game at this level, yes, 2:15:39.720 --> 2:15:43.000 you can buy anywhere. I do not have any PA 2:15:43.040 --> 2:15:44.960 I do not have any experience in Canada. I only 2:15:44.960 --> 2:15:48.640 teach what I know, family and what I've done. All right, 2:15:50.840 --> 2:16:03.240 last question, best financial play for married couple with zero 2:16:03.360 --> 2:16:06.560 doors KNACK or FHA. So and you both want to 2:16:06.560 --> 2:16:11.320 buy separately, and the program that you go and is 2:16:11.360 --> 2:16:13.360 based on your income and your credit. So if you 2:16:13.360 --> 2:16:16.320 have high income and great credit, then you probably just 2:16:16.320 --> 2:16:18.520 want to go conventional. But if one of you has 2:16:18.600 --> 2:16:22.360 low income or high income and bad credit, you may 2:16:22.400 --> 2:16:25.320 want to go KNAKA. So it all depends on your 2:16:25.320 --> 2:16:32.680 income and your credit. All right, So, Nicole, Billy, Shanise, Anonymous, Gail, Peter, 2:16:33.200 --> 2:16:38.320 Christina j Kwannie Sean, I'll, Malik, I see your questions. 2:16:38.840 --> 2:16:41.960 There's many more devon Tamika JV. I won't be able 2:16:41.959 --> 2:16:45.320 to get to them tonight. I appreciate you. I hope 2:16:45.360 --> 2:16:47.760 I'll give you enough information to make an informed decision 2:16:47.800 --> 2:16:50.880 about joining the program or just buying multi fammer real estate. 2:16:50.920 --> 2:16:53.680 Whatever you decide, Matt and I wish you the best. 2:16:53.720 --> 2:16:55.560 Whatever you decide, whether you decide to join or not, 2:16:55.600 --> 2:16:57.800 we wish you the best. We only know one way 2:16:57.840 --> 2:17:00.240 to get rid of your housingpents forever, and that through 2:17:00.280 --> 2:17:04.000 multi family real estate. It's March thirtieth. Rent is due 2:17:04.120 --> 2:17:06.320 on April first, and it's going to continue to be 2:17:06.360 --> 2:17:08.879 doe every thirty days until you do something different. And 2:17:09.040 --> 2:17:11.320 so since this is the only pathway we know to 2:17:11.320 --> 2:17:13.440 get rid of your housing expense, we love to guide 2:17:13.440 --> 2:17:16.840 you on the pathway of the above ground railroad to 2:17:16.840 --> 2:17:19.840 rent mortgage freedom. So with that on behalf of Matt, 2:17:19.879 --> 2:17:21.800 my brother, Matt, and I we want to say thank 2:17:21.840 --> 2:17:24.720 you so much for showing up. You didn't show up 2:17:24.760 --> 2:17:27.640 for us, You showed up for yourself, your financial future, 2:17:27.680 --> 2:17:30.160 and for your last name. And we would love for 2:17:30.200 --> 2:17:32.080 you to give us permission to guide you and to 2:17:32.200 --> 2:17:34.800 lead you to rent mort your freedom through the above 2:17:34.800 --> 2:17:37.680 ground railroad by acquiring your first multi family home or 2:17:37.720 --> 2:17:40.480 your second, or your third, fourth, fifth, sixth, until you 2:17:40.520 --> 2:17:44.600 have an entire portfolio. All right, Yes, the list of 2:17:44.600 --> 2:17:47.840 down payment assistant programs will be sent out via email tomorrow, 2:17:47.959 --> 2:17:49.640 so keep an eye out on your email off for 2:17:49.720 --> 2:17:54.320 that and for the replay. This opportunity ends on Saturday 2:17:54.560 --> 2:17:58.720 at midnight Eastern Standard time. Check the timer on the 2:17:58.760 --> 2:18:03.040 page and also check the pricing. The pricing. I'll talk 2:18:03.080 --> 2:18:05.080 to Matt to see if he wants to keep the 2:18:05.080 --> 2:18:07.640 pricing at twy four hundred and ninety seven dollars. If not, 2:18:08.000 --> 2:18:10.320 it will go up to twy nine hundred and ninety 2:18:10.320 --> 2:18:14.240 seven dollars at midnight tonight. So I'm gonna connect with 2:18:14.320 --> 2:18:16.840 him on tomorrow and see if we are going to 2:18:16.959 --> 2:18:18.640 keep that price as it is or it's going to 2:18:18.680 --> 2:18:21.880 go back to the original price. All right, appreciate you, 2:18:22.160 --> 2:18:24.600 love you, wish you all the best on your journeys, 2:18:24.760 --> 2:18:26.520 and have a good one. Peace. 2:18:40.280 --> 2:18:44.160 You just realized your business needed to hire someone yesterday? 2:18:44.680 --> 2:18:49.400 How can you find amazing candidates fast? Easy? Just use Indeed. 2:18:49.840 --> 2:18:52.560 Stop struggling to get your job post seen on other 2:18:52.640 --> 2:18:56.320 job sites. 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