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Speaker 1: What's with the angela Yee on a Wealth Wednesday? So

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Speaker 1: you know what that means. Stacy Tuesday is here.

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Speaker 2: Happy Wealth Wednesdays, everybody, and we are so excited to

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Speaker 2: take you way up. We have a special Juneteenth land

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Speaker 2: grab and an incredible person who's leading the way and

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Speaker 2: Charles Noon and Charles, thank you so much for being here.

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Speaker 3: Thanks for having us. We appreciate it.

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Speaker 1: And June teenth is on a Wednesday this year, if

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Speaker 1: I'm not mistaken, right.

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Speaker 2: Yes, and this year it's going to be a particular

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Speaker 2: Wealth Wednesday.

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Speaker 3: We are planning on getting busy June.

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Speaker 2: Teen, you're getting busy.

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Speaker 1: Talk to us about it because you know, all right, no,

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Speaker 1: tell us about what the plan is. And then I

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Speaker 1: want to tell you my thoughts and my experiences with

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Speaker 1: the Lamdbanks, So go ahead.

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Speaker 3: Oh yeah, you know, I send you I DMD you

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Speaker 3: a couple of times, okay, because we have properties close

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Speaker 3: to each other.

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Speaker 4: Yeah, all right, perfect.

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Speaker 3: All right. So the plan for June teenth this year,

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Speaker 3: I'm doing a five day challenge where we are challenging

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Speaker 3: individuals to learn how to buy land and Lamdbank properties

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Speaker 3: over the course of five days, where consecutively we're going

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Speaker 3: to teach how to pick, purchase, and profit from land

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Speaker 3: and lamdbank properties.

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Speaker 1: Okay, So explain to people listening because they may not know.

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Speaker 1: Because I've actually purchased property from the land bank before

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Speaker 1: in Detroit, so I know how that works.

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Speaker 3: Yep.

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Speaker 1: But I want you to explain to people what land

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Speaker 1: bank properties are because a lot of cities.

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Speaker 3: Have this awesome. So I'll explain it in two parts. First,

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Speaker 3: I'll explain what a landbank is, and then what a

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Speaker 3: lanmdbank property is. Okay, So, landbanks are government entities whose

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Speaker 3: sole purpose is to turn problem properties into properties of

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Speaker 3: productive use. Problem properties can be identified as vacant, abandoned,

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Speaker 3: and dilapidated houses. So landbanks will typically go into a

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Speaker 3: city like Detroit, for example, and they'll make an agreement

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Speaker 3: with them to sell these properties pennies on the dollar,

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Speaker 3: as you know, right some most start at a thousand

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Speaker 3: dollar and the exchange is that they're going to sell

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Speaker 3: them to investors or individuals that want to turn them

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Speaker 3: back into properties of productive use. They sell them for

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Speaker 3: really low amounts of money, and the benefit to the

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Speaker 3: county is that they get to have the properties back

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Speaker 3: on the tax roll. They ask you to turn on

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Speaker 3: the water, the gas, the electric and renovate the property.

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Speaker 3: And in turn, what that does and how it creates

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Speaker 3: that win win situation is as the vacant properties get

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Speaker 3: occupied and renovated, the price of the value of the

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Speaker 3: houses go up and the crime rate goes down.

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Speaker 1: Okay, and these are all important things. And I want

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Speaker 1: to point out just to your point, when you buy

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Speaker 1: these properties too from the land BAK, a lot of

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Speaker 1: times they have auctions, I know in Detroy online it

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Speaker 1: would be like a weekly auction and they'll let you

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Speaker 1: know what's going up so you can jibe buy the

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Speaker 1: neighborhoods because it's also important to see sometimes what these

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Speaker 1: houses look like. And I think for the city it

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Speaker 1: is less expensive and for the neighborhood for them to

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Speaker 1: actually sell it to people who will fix it up

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Speaker 1: than to have to you know, knock it down and

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Speaker 1: demo it and all of that.

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Speaker 4: So I think it benefits.

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Speaker 1: And it's also a certain amount of time that you

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Speaker 1: have to fix it up, so you can't just purchase

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Speaker 1: a property and sit on it for years and you know,

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Speaker 1: let it sit there, because I think that was also

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Speaker 1: that would be concerning.

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Speaker 3: And so yeah, so they make it to where and

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Speaker 3: each lamdbank that makes these agreements with the counties, they

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Speaker 3: make it according to the community goals. So, as I

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Speaker 3: was talking to Stacy, some lamdbanks will ask that you

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Speaker 3: show proof of funds to renovate the property. They want

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Speaker 3: you to show proof of licensed contractors and things like that.

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Speaker 3: Those counties typically have very few lampbank properties, and what

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Speaker 3: they want to do is kind of preserve the goals

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Speaker 3: of the community in Detroit right where it's like, hey,

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Speaker 3: just get these things occupied, get people in them, get

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Speaker 3: them renovated. The only thing they ask is that you

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Speaker 3: have one thousand dollars to at least win a bid

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Speaker 3: on the property, and they do bid, so it's an auction,

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Speaker 3: so they do go a little bit higher, but they

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Speaker 3: all start at one thousand dollars and then they ask

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Speaker 3: within six to twelve months, they asked that you bring

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Speaker 3: it up to certain cold and do certain renovations that

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Speaker 3: are required.

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Speaker 1: Right and you know, even for myself, it definitely took

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Speaker 1: longer than that. But as long as you're checking in

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Speaker 1: and letting them see the work that's being done, then

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Speaker 1: they can know at least you know you're working on

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Speaker 1: it and if you don't, you'll get black tickets.

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Speaker 4: And then yeah, they don't play.

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Speaker 2: A backup, backup, backup. Tell people how who you are

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Speaker 2: in this space? Charles's Charles is the founder of land

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Speaker 2: Bank Team and he is the author of Hacking land

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Speaker 2: Bank Properties. And he is the host of the land

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Speaker 2: Bank Show. So he and Angela are mister and missus

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Speaker 2: land Bank.

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Speaker 4: I haven't done as much as he has.

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Speaker 3: It's crazy.

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Speaker 1: You learned a lot just from the process of, you know,

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Speaker 1: having to go through that. Because He's right, some of

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Speaker 1: those properties, when you bid on them online, some of

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Speaker 1: them are going for like three hundred thousand dollars.

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Speaker 4: They get up really high in the in the bidding.

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Speaker 4: But some of them. I got one for one thousand

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Speaker 4: dollars because no one bid on it. Yeah, and so, and.

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Speaker 1: I couldn't believe it because you know, you have a

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Speaker 1: same amount of time and you're watching it transpire and

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Speaker 1: you're like, please, don't let anybody bid on this property.

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Speaker 2: Charles, How does land Bank Team uncomplicate this for people

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Speaker 2: and provide a community? Because I'm sitting here like I

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Speaker 2: want to do what I want to do, but I

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Speaker 2: don want to do it by myself.

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Speaker 3: So here we'll take a small step back. Right. So

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Speaker 3: I'm Charles Newton and the founder of Right. We'll just

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Speaker 3: start from the beginning, right, I said.

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Speaker 2: Okay, I said, that's your autumn of your company. You

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Speaker 2: got into this very early and had success very early.

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Speaker 3: Yes. So in short, Right, I founded this team because

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Speaker 3: my experience with the lamp Bank and lambbank properties at

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Speaker 3: first was hard as hell. Right I got in, I struggled.

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Speaker 3: I had to go through several contractors to get my properties.

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Speaker 3: And if you don't have a relationship with the lamdbank,

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Speaker 3: you feel like they're on top of you, pressuring you.

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Speaker 3: As you do a couple of properties, you realize they're

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Speaker 3: they're to support you, right, So I went through this struggle,

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Speaker 3: and so I started to get them for my kids.

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Speaker 3: That's what really made me look at other houses and

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Speaker 3: other states. Because Brooklyn gentrification, the property values went sky high.

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Speaker 3: I own the Brownstone, and as it started to appreciate

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Speaker 3: like crazy, I'm like, all right, what about my kids, right,

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Speaker 3: they're regular lazy athletes, basketball kids that yeah, yeah, yeah,

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Speaker 3: he knows.

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Speaker 4: What he knows what I'm he was supposed to be

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Speaker 4: taking pictures.

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Speaker 3: He knows what's what I'm talking about, though he knows

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Speaker 3: what's what I'm talking about. So I'm like, I gotta

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Speaker 3: find a way for the kids, right, I have to

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Speaker 3: pave the way so that they could afford to live

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Speaker 3: in Brooklyn like I do, and don't have to move

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Speaker 3: really far. So I went online and I'm looking for

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Speaker 3: just regular, inexpensive houses that I could just buy. And

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Speaker 3: then I saw the Detroit Lampank had houses for one

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Speaker 3: thousand dollars.

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Speaker 1: I was like, it used to be five hundred. At

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Speaker 1: first they started at five hundred.

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Speaker 3: I don't know that far back I saw with a thousand.

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Speaker 3: I was still happy at a thousand. So Stacey, I'm like,

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Speaker 3: all right, I could just get like five for this one,

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Speaker 3: five for my other son, and then when they graduate college,

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Speaker 3: they'll have like a cash flowing asset that will afford

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Speaker 3: them to live in Brooklyn with the new prices. And

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Speaker 3: then going through it, I had this level of resilience

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Speaker 3: because it wasn't like it was for me an extra cash.

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Speaker 3: It was like, this is for my kids. I have

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Speaker 3: to get through this. So as I'm struggling with contractors,

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Speaker 3: they're disappearing with deposits, they're not seeing the vision they're

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Speaker 3: not seeing. I'm from New York. I could bring a

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Speaker 3: thousand people and we do. They're like, dude, just give

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Speaker 3: me that five hundred and I'm out of here, right.

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Speaker 3: So going through the struggle made it to like four

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Speaker 3: or five properties, and then I got in pretty good

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Speaker 3: with the Lamdbank. They offered me the opportunity to buy

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Speaker 3: a block of properties on Wayburn Street, and I bought it.

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Speaker 3: But everybody from New York was like, dude, tell me

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Speaker 3: how you're doing it, Like you got to introduce me

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Speaker 3: to it. And I was like, man, it ain't what

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Speaker 3: you think. Like, I can't bring y'all. And I'm kind

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Speaker 3: of getting ripped off and going through it and paving

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Speaker 3: my way. So I they forced me, right. My best

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Speaker 3: friend jumped in a couple other friends, and I'm like,

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Speaker 3: all right, so now we got some company, maybe we

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Speaker 3: could start to figure things out here. Because the city

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Speaker 3: was it's such a historic city. The houses are beautiful,

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Speaker 3: they're huge, They're way bigger than what we get in

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Speaker 3: New York. They have backyards, and I'm just like, if

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Speaker 3: we could find a way where we could all buy

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Speaker 3: these properties and concentrated areas, we could force our own appreciation.

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Speaker 3: We can provide safe places for people to walk up

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Speaker 3: and down the street. Because in certain cities they didn't

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Speaker 3: turn the lights on. So if there aren't enough occupied

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Speaker 3: houses on certain streets, they wouldn't turn the lights on,

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Speaker 3: so there's ridiculous that night. And then if they're like

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Speaker 3: two houses. And this is what really touched my heart

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Speaker 3: and turned my mission into like one of profit and

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Speaker 3: purpose because there are some houses where little kids have

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Speaker 3: to walk by. There's some streets where little kids have

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Speaker 3: to walk by, like five or six vacant abandoned houses,

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Speaker 3: the elderly have to walk by, you have animals, just

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Speaker 3: crime happens there. And it was like, all right, this

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Speaker 3: is bigger than me just getting a house where I

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Speaker 3: could get a thousand dollars.

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Speaker 2: But that's really taking off. How many people has the

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Speaker 2: land bank team helped ye? And it's nationwide.

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Speaker 3: Yeah, So learning about the Detroit lamdbank, I found out

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Speaker 3: about the Center for Community Progress and that gives like

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Speaker 3: the national lanmdbank map where you can identify lambanks across

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Speaker 3: the country. So we created the team. The team just

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Speaker 3: grew like crazy and todate we've helped over two thousand

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Speaker 3: individuals by property across the United States that includes land

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Speaker 3: and Lamdbank houses and one of them.

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Speaker 1: Is right here Afua. So, by the way, she told

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Speaker 1: that she has thirty one properties or.

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Speaker 2: Not thirty thirty one properties.

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Speaker 1: Properties, right, So tell us how you ended up joining

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Speaker 1: the land bank team.

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Speaker 5: So, I mean, I had, you know, always been interested

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Speaker 5: in real estate, and I was just you know, looking

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Speaker 5: and listening to podcast podcasts. And one morning on my

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Speaker 5: way to to work on the train, I was listening

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Speaker 5: to a podcast and it had Charles on there. They're

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Speaker 5: talking about land banks and they mentioned that you can

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Speaker 5: get properties for as low as three hundred dollars, and

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Speaker 5: I just I couldn't believe it. So I must have

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Speaker 5: listened to that podcast like twice just to make sure

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Speaker 5: I didn't miss anything. So after that, they mentioned that

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Speaker 5: there would be a property challenge Charles's hold holst Apart

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Speaker 5: pretty ch challenge, and I decided to join. I just

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Speaker 5: literally just I did all my research and I just

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Speaker 5: let me join and give this a shot. And it

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Speaker 5: was the fourth day, it was five days. I only

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Speaker 5: you know, found out on Thursday, Thursday morning, I actually

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Speaker 5: joined in the evening and I was able to do

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Speaker 5: Thursday and Friday, and then you know, of course requested

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Speaker 5: the replays and I was very I just couldn't believe

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Speaker 5: that you could get property as low as three hundred

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Speaker 5: dollars or even one hundred dollars or so. So I

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Speaker 5: decided to take the next step. I joined the mentorship,

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Speaker 5: which is you know, part of the land bank team.

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Speaker 5: And it was just you know, a group of us young,

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Speaker 5: you know, women and men who were interested in buying,

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Speaker 5: you know, going the land bank route. And Charles broke

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Speaker 5: everything down. It was a very simple system that he

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Speaker 5: taught us. How do you acquire the property, what things

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Speaker 5: to look out for? Once you get those criteria set,

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Speaker 5: then you know, moving on, how do you register with

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Speaker 5: the land bank and how do you purchase it? So

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Speaker 5: he introduced us to a myriad of land banks.

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Speaker 4: What are some things to look out for?

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Speaker 5: Oh, well, for instance, it has to look for your roadways, okay,

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Speaker 5: look for the roadways. Also have to look for adjoining

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Speaker 5: you know, property of this property in the vicinity. That's

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Speaker 5: very helpful. It means you know, the electricals and so

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Speaker 5: on already like in the earth, so you don't have

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Speaker 5: to start from scratch. So things like that were very helpful.

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Speaker 2: And the land bank team takes you from teaching you

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Speaker 2: about the process, learning about the process, and then I

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Speaker 2: know when I heard about this, I'm like, okay, so

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Speaker 2: how do I monetize this? Do they teach you how

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Speaker 2: to do that?

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Speaker 5: They do that too. So for me, my personal goals were,

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Speaker 5: you know, quarter one was for me to get the

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Speaker 5: knowledge whatever it was to get the knowledge, and that

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Speaker 5: was joining the mentorship team. And again, Charles is so

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Speaker 5: hands on literally, like they break everything down and the

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Speaker 5: coursework and you can always call Charles if you have

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Speaker 5: any questions whatsoever. It took me a while to buy

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Speaker 5: my first property. I didn't buy it to tours that

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Speaker 5: you know, the end of this, but I needed needed

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Speaker 5: I needed to you know, just go through exactly, go

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Speaker 5: through what I needed to go through to verify and

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Speaker 5: then you know, suage my fears. Once you do your

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Speaker 5: research and your due diligence, it's okay, you know, proceed right.

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Speaker 5: So yeah, it was it was a simple system that was,

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Speaker 5: you know.

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Speaker 4: Easy enough to did you buy your first property?

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Speaker 5: So it's in uh, it's in Arkansas, Okay, Yeah, so

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Speaker 5: different counties. Some are in Sharp County, some are in

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Speaker 5: Fulton and.

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Speaker 2: The like, yeah, okay, and you want to build on it,

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Speaker 2: you want to sell it?

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Speaker 5: I do so I actually, you know, want to buy

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Speaker 5: and hold. I want to turn those lots into properties.

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Speaker 5: I want to build on those properties, and yeah, I

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Speaker 5: want to My personal passion is I want to find

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Speaker 5: folks that really need the housing and be able to

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Speaker 5: provide them, you know, decent affordable housing.

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Speaker 4: Okay, So that's my goal. We need that especially right now.

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Speaker 2: Yeah.

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Speaker 4: Absolutely.

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Speaker 2: Yeah. And with the monetizing part of it, you're the

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Speaker 2: land bank team actually helps people find you know, figure

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Speaker 2: out what they want to do with it, and you

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Speaker 2: have partners who help people finance the changes they want

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Speaker 2: to make gun it.

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Speaker 3: Yeah, so that was a big part of it for me. Right,

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Speaker 3: So people joining the team, joining the community. I came

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Speaker 3: from corporate America, so it was like, all right, I

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Speaker 3: could I had money and like really good credit where

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Speaker 3: I could just buy these properties and invest because I

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Speaker 3: knew real estate. I knew enough about real estate that

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Speaker 3: they were smart investments because they were debt free. So

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Speaker 3: it's hard to falter debt free, right, there's no you

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Speaker 3: can lose the money you put up, but you're never

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Speaker 3: going to lose the house as long as you pay

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Speaker 3: for the taxes and insurance. So as we got team members,

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Speaker 3: I started to notice the struggle was funding and financing

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Speaker 3: for renovations or funding to build. So again I just

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Speaker 3: had to go and just looking at serve the community.

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Speaker 3: We partner with certain banks, credit people, credit repair people

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Speaker 3: that help with credit to help people get the funding

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Speaker 3: that they need. And then there are two companies I'll

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Speaker 3: mention that are African American driven. One is owned and

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Speaker 3: I know the liaison that we work with is African

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Speaker 3: American and he heads their their funding initiatives. One of

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Speaker 3: them is Prime One Lending that's an African African American

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Speaker 3: owned bank that looks forward to helping and funding individuals

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Speaker 3: of color and their real estate endeavors. And the other one,

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Speaker 3: it's a program called hack HAC. They specialize in new builders,

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Speaker 3: new and new investors, and new developers. So between those

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Speaker 3: two they've done a really good job of helping Lamping

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Speaker 3: Team individuals.

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Speaker 5: Chahs.

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Speaker 1: Let me ask you about hard money loans because I

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Speaker 1: know people, and that's why I'm asking you your face,

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Speaker 1: because I know people who will be like, I want

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Speaker 1: to do this, but I don't have the credit.

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Speaker 4: I don't have this. I just get a hard money loan.

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Speaker 1: Now, I want to know what your thoughts are about

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Speaker 1: hard money lenders, especially for new investors.

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Speaker 3: I hate them. Don't do it. Find other other ways,

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Speaker 3: and there are with the information that's out today, there

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Speaker 3: are other avenues that we can use to get the

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Speaker 3: money that's needed. So give you an example.

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Speaker 2: This is for renovation. You don't need. You don't need.

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Speaker 2: You guys are the experts of this. You don't need

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Speaker 2: credit and all that stuff to actually buy one of

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Speaker 2: these lambs.

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Speaker 3: So here's the best thing to buy a lambank property.

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Speaker 3: You just need the money you don't need. You don't

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Speaker 3: need good credit. You don't need good credit. You don't

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Speaker 3: need like all the It just dispels such a myth

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Speaker 3: and remove so many barriers for us to get into

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Speaker 3: real estate. Because you don't need good credit. You don't

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Speaker 3: have to be on your job for two years like

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Speaker 3: the railtors ask. You don't need like these progressive tax

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Speaker 3: returns where you made fifty thousand dollars one year and

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Speaker 3: if you made forty eight, like, it's no good. You

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Speaker 3: don't qualified.

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Speaker 1: But what you do need is the money to fix

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Speaker 1: it up right, Alan, And that's where.

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Speaker 2: So back to hard money loans, so I can buy it.

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Speaker 3: But don't. So here's the concept. And when I started

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Speaker 3: like this whole movement and initiative, it was more so

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Speaker 3: surrounded by us creating debt for our future generation. So

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Speaker 3: part of my slogan initially was we have to be

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Speaker 3: mindful of creating generational wealth and not debt through real estate,

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Speaker 3: because traditional real estate you can just be passing on debt.

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Speaker 3: A lot of people who do hard money loans are

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Speaker 3: getting properties where they're not like cash flowing properly. They're

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Speaker 3: cash flowing like two or three hundred dollars. My son,

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Speaker 3: if I told them, hey, you got this eight proper

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Speaker 3: eight unit building that you have to manage, it's a

358
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Speaker 3: million dollars of debt, but you get like two hundred

359
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Speaker 3: dollars per door, he gonna be like what Like nah, Dad,

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Speaker 3: Like you keep that right? That's not that just doesn't

361
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Speaker 3: work for us. It's so risky to lose it foreclosure.

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Speaker 3: Like it's hard to pass that down. Especially they have

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Speaker 3: their own lives. They don't want to take on your

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Speaker 3: dreams and initiatives that you started. It's like sometimes our

365
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Speaker 3: children are like nah. However, if I told him, look,

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Speaker 3: we got an eight unit in Detroit on West Chicago

367
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Speaker 3: Boulevard right off of Dexter is paid off. Right, it's

368
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Speaker 3: paid off. You just gonna collect eight thousand dollars a month.

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Speaker 3: His answer to go up be like I bet, Like

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Speaker 3: like is it?

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Speaker 2: Yeah?

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Speaker 3: Thanks Bob right. So the concept was like, we have

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Speaker 3: to start creating generational wealth and making sure we're not

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Speaker 3: creating debt. So there's also there are two companies in

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Speaker 3: Detroit that will lend on lampbank houses before you get

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Speaker 3: the release of interest. One of them is Green Oak Lending,

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Speaker 3: So they are really good. They have their own partnership

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Speaker 3: and agreement with the Landbank and they understand that the

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Speaker 3: land Bank is gonna hold a small interest in the

380
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Speaker 3: property until the requirements are met and then they'll do

381
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Speaker 3: what's called the ROI, a release of interest. So Green

382
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Speaker 3: Oak fund thing will give funding for lampbank properties the

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Speaker 3: other way that people get funding. And I kind of

384
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Speaker 3: like this strategy, but you have to be very disciplined.

385
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Speaker 3: So for a lampbank house, you don't need hundreds of

386
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Speaker 3: thousands of dollars if you pick it right to do renovations.

387
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Speaker 3: Individuals are doing like zero percent interest credit cards for

388
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Speaker 3: like twelve or eighteen months. I think that's a good

389
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Speaker 3: strategy for lampbank houses if you're disciplined. So let's just

390
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Speaker 3: say you card you have, and I tell everybody in

391
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Speaker 3: the lambbank team, like, don't spend no money right now,

392
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Speaker 3: like pay that credit card off, because the interest is

393
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Speaker 3: gonna hit. And you don't want to be in a

394
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Speaker 3: situation where you know you're starting to take money, your

395
00:19:42,480 --> 00:19:44,760
Speaker 3: credit card hits, now you're not making money, and then

396
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Speaker 3: the work becomes harder. So I tell people, just make

397
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Speaker 3: sure we try our hardest not to get leans on

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Speaker 3: the property. Because the concept is we want to keep

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Speaker 3: these properties in house, we want to keep them in

400
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Speaker 3: our last names, and we want to pass them down.

401
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Speaker 1: How do you you know which properties to pick because

402
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Speaker 1: a lot of times with the landbank, they'll have properties listed,

403
00:20:04,280 --> 00:20:07,320
Speaker 1: but you can't go inside and see, so you don't

404
00:20:07,359 --> 00:20:10,920
Speaker 1: necessarily know how much work it's going to take when

405
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Speaker 1: it's time to fix these properties up. So when you're

406
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Speaker 1: figuring out, when the team is figuring out, Okay, this

407
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Speaker 1: is a great property, let's bid on this.

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Speaker 4: Let's do that.

409
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Speaker 1: Sometimes it's somewhere where you don't live. What's your strategy

410
00:20:21,800 --> 00:20:22,440
Speaker 1: when it comes.

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Speaker 3: To that's a great questionsing. I made a small video

412
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Speaker 3: and part of the coursework right is to learn to

413
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Speaker 3: buy the ugliest house on the prettiest block. Meaning and

414
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Speaker 3: the Lamdbanks they do a fairly decent job of showing

415
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Speaker 3: you as many pictures of the inside as they can.

416
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Speaker 3: And there are several things that we look for. We

417
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Speaker 3: typically in Michigan, for example, we really look for the

418
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Speaker 3: ugliest house on the prettiest block. We look to make

419
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Speaker 3: sure there are no foundation issues. We know you're gonna

420
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Speaker 3: have to do new electrical, new plumbing, like automatically without question,

421
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Speaker 3: because they've been vacant for so long. And then we

422
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Speaker 3: make sure we try to look to see if floors

423
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Speaker 3: are buckling or not. We also this is a key,

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Speaker 3: this is a big one. Right, you can send We

425
00:21:12,040 --> 00:21:14,399
Speaker 3: have contractors in Detroit, We've been doing it for so

426
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Speaker 3: long that will go and check the water line. Okay,

427
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Speaker 3: so you know in Detroit they got the water key, right,

428
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Speaker 3: you know, they like they're not supposed to, but they

429
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Speaker 3: have their own water key. Like contractors, you find a

430
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Speaker 3: good one, they have a water key and for those

431
00:21:28,760 --> 00:21:32,640
Speaker 3: that don't know what that is, right, that's the key

432
00:21:32,680 --> 00:21:35,520
Speaker 3: that the water company uses to go in and turn

433
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Speaker 3: the water on and off. So week send our contractors

434
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Speaker 3: to check the water. Landbanks will tell you to go in.

435
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Speaker 3: They say there's coldes on the doors, but there's no clodes, right.

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Speaker 4: I know people do just if they know a property

437
00:21:49,240 --> 00:21:50,840
Speaker 4: is going up, they will go and.

438
00:21:50,960 --> 00:21:53,800
Speaker 3: Like yeah, yeah, yeah. It's kind of like unsmoken for

439
00:21:53,880 --> 00:21:55,000
Speaker 3: the for the county.

440
00:21:55,160 --> 00:21:57,680
Speaker 2: The more you say, the more I'm so glad that

441
00:21:57,720 --> 00:22:01,000
Speaker 2: this can be done in community and not alone. Tell

442
00:22:01,080 --> 00:22:03,359
Speaker 2: our audience about your challenge and.

443
00:22:03,320 --> 00:22:05,160
Speaker 4: The goals and how.

444
00:22:04,960 --> 00:22:07,680
Speaker 2: You've done this with over two thousand people, and you do.

445
00:22:07,840 --> 00:22:10,200
Speaker 2: Then you guys have seen videos of it. You guys

446
00:22:10,280 --> 00:22:11,720
Speaker 2: like swarm an auction.

447
00:22:12,560 --> 00:22:15,840
Speaker 3: I don't wake credit for those because it looks scary

448
00:22:15,960 --> 00:22:19,439
Speaker 3: when you have like this group of people. So we

449
00:22:19,520 --> 00:22:21,879
Speaker 3: did a challenge before. We did two challenges before the

450
00:22:21,920 --> 00:22:24,960
Speaker 3: first one was Deeds under Trees, where the concept was

451
00:22:25,000 --> 00:22:29,000
Speaker 3: for us to finally like, let's give gifts that really

452
00:22:29,040 --> 00:22:31,720
Speaker 3: make sense that kids will never forget, that loved ones

453
00:22:31,760 --> 00:22:36,280
Speaker 3: would never forget. So the Commissioner of State Lands in

454
00:22:36,560 --> 00:22:43,560
Speaker 3: Arkansas cosl dot org has these daily auctions where properties

455
00:22:43,720 --> 00:22:46,760
Speaker 3: land starts at three hundred dollars. All right, that's probably

456
00:22:46,800 --> 00:22:49,160
Speaker 3: where Full got most of her property is from. Right.

457
00:22:49,840 --> 00:22:53,720
Speaker 3: So I did a challenge and developing an area and

458
00:22:53,960 --> 00:22:59,959
Speaker 3: Arkansas was the focal point. So that challenge was phenomenal.

459
00:23:00,600 --> 00:23:03,199
Speaker 3: I teach them over five days and teach all the

460
00:23:03,760 --> 00:23:07,200
Speaker 3: all the like the nuances of buying land. The second

461
00:23:07,280 --> 00:23:11,479
Speaker 3: challenge this I am. I'm getting there because but I

462
00:23:11,560 --> 00:23:13,639
Speaker 3: have to, like there's one thing that I have to

463
00:23:13,640 --> 00:23:16,199
Speaker 3: tell talk about because we don't want this thing to

464
00:23:16,200 --> 00:23:18,960
Speaker 3: get out of control. Right. So the second one was

465
00:23:18,960 --> 00:23:21,639
Speaker 3: by the block, and it was like where we focused

466
00:23:21,640 --> 00:23:26,840
Speaker 3: on buying blocks of properties together as a community, clusters

467
00:23:26,880 --> 00:23:30,679
Speaker 3: of properties, and we were going to renovate, develop whatever

468
00:23:30,720 --> 00:23:34,000
Speaker 3: we do together. So we actually went to an auction together.

469
00:23:34,359 --> 00:23:39,000
Speaker 3: The COSL is online. We actually went to an auction together.

470
00:23:39,600 --> 00:23:42,720
Speaker 3: So I'm like me just one individual, the founder of

471
00:23:42,720 --> 00:23:47,800
Speaker 3: the team. The challenge went crazy, like over five hundred people.

472
00:23:47,880 --> 00:23:51,240
Speaker 3: Two hundred people came out to the auction. All every

473
00:23:51,359 --> 00:23:55,200
Speaker 3: person bought property. But what happened was the energy just grew.

474
00:23:55,680 --> 00:23:58,600
Speaker 3: It went out of control. Right, So we got these

475
00:23:58,600 --> 00:24:01,200
Speaker 3: by the block shirts on on the back it says

476
00:24:01,280 --> 00:24:05,639
Speaker 3: making our it says living, becoming our ancestors, wildest dream,

477
00:24:05,920 --> 00:24:08,520
Speaker 3: one deed at a time. So now you know the

478
00:24:08,520 --> 00:24:14,040
Speaker 3: color of our group. We're in Scranton, PA. I've rented

479
00:24:14,080 --> 00:24:16,679
Speaker 3: out a hotel. We're going over like the details of

480
00:24:16,720 --> 00:24:19,240
Speaker 3: the auction and how it's gonna work. And they start

481
00:24:19,320 --> 00:24:23,640
Speaker 3: yelling by the block, by the block. I'm like wait,

482
00:24:23,720 --> 00:24:26,680
Speaker 3: like not like no, no, no, like like I don't

483
00:24:26,680 --> 00:24:29,600
Speaker 3: know we could do this here, right. It looks like

484
00:24:29,800 --> 00:24:36,560
Speaker 3: the energy was amazing. So going forward, we gotta kind

485
00:24:36,560 --> 00:24:38,320
Speaker 3: of like keep it down because it's kind of on

486
00:24:38,400 --> 00:24:40,560
Speaker 3: me a little bit. And I don't want to be guilty.

487
00:24:40,680 --> 00:24:42,919
Speaker 3: I don't want to be I don't I wanted to

488
00:24:43,080 --> 00:24:46,359
Speaker 3: just remain focused on us buying properties.

489
00:24:46,640 --> 00:24:48,480
Speaker 2: Right, you want to be a leader, lead?

490
00:24:48,960 --> 00:24:50,840
Speaker 3: Yeah, So if I'm gonna lead, it ain't gonna be

491
00:24:50,840 --> 00:24:55,360
Speaker 3: no rowdy, crazy, wow picking protests, angry type of thing.

492
00:24:55,440 --> 00:24:57,359
Speaker 3: It's gonna be like control A. Were in here to

493
00:24:57,400 --> 00:24:59,480
Speaker 3: get money, We're here to get the properties. We're gonna

494
00:24:59,480 --> 00:25:02,720
Speaker 3: develop this. This is a long term movement. It's not

495
00:25:02,800 --> 00:25:05,840
Speaker 3: a moment. It's a movement. So the next challenge that

496
00:25:05,920 --> 00:25:10,160
Speaker 3: came up is juneteenth, and I figured, like, what better

497
00:25:10,320 --> 00:25:13,000
Speaker 3: time to do a five day challenge and really get

498
00:25:13,000 --> 00:25:15,919
Speaker 3: the focus and the attention of our community than to

499
00:25:15,960 --> 00:25:19,199
Speaker 3: do a challenge around June teenth. So this challenge is

500
00:25:19,240 --> 00:25:23,160
Speaker 3: from June sixteenth to the twentieth. We are in there

501
00:25:23,200 --> 00:25:26,199
Speaker 3: now buying properties as we speak, at sites like the

502
00:25:26,200 --> 00:25:28,560
Speaker 3: Commission of State Lands dot org, where you can buy

503
00:25:28,640 --> 00:25:31,639
Speaker 3: property in Arkansas for just two or three hundred dollars

504
00:25:32,160 --> 00:25:35,200
Speaker 3: for even like a quarter acre. Those are really good properties.

505
00:25:35,760 --> 00:25:38,440
Speaker 3: And what we're gonna do over the course of five days,

506
00:25:38,440 --> 00:25:42,000
Speaker 3: I'm gonna so we have the banks coming in. American

507
00:25:42,080 --> 00:25:44,920
Speaker 3: Express is gonna be one of the first speakers. We

508
00:25:44,960 --> 00:25:48,000
Speaker 3: have a rep from Chase coming in. Citizens Bank is

509
00:25:48,080 --> 00:25:50,080
Speaker 3: really good. Is a good bank. They will give a

510
00:25:50,119 --> 00:25:54,240
Speaker 3: line of credit based on your bank statements. We have

511
00:25:54,320 --> 00:25:57,360
Speaker 3: a good friend of mine, Herman Doc, who's gonna do funding.

512
00:25:59,000 --> 00:25:59,200
Speaker 2: Yeah.

513
00:25:59,280 --> 00:26:02,480
Speaker 3: Yeah, he came with me to the challenge. He's bought properties.

514
00:26:02,480 --> 00:26:05,600
Speaker 1: Oh you nice, that's my guy.

515
00:26:05,680 --> 00:26:09,240
Speaker 3: So partnering with people like that that really know their stuff,

516
00:26:09,240 --> 00:26:12,040
Speaker 3: like experts in the industry, So for people that may

517
00:26:12,080 --> 00:26:14,879
Speaker 3: need help with credit and funding, it's like, hey, I

518
00:26:15,000 --> 00:26:17,439
Speaker 3: know this guy could help you. He has tried, like

519
00:26:18,560 --> 00:26:22,600
Speaker 3: he's the guy, right, So partnering with him with the banks,

520
00:26:22,960 --> 00:26:26,879
Speaker 3: and then on Tuesday, so that Sunday is where we started.

521
00:26:26,960 --> 00:26:29,679
Speaker 3: That's like the funding day. The following day, I'm going

522
00:26:29,760 --> 00:26:33,800
Speaker 3: to teach everybody everything that I can about land banks,

523
00:26:33,880 --> 00:26:36,520
Speaker 3: buying land, how to look for them. You need to

524
00:26:36,560 --> 00:26:38,960
Speaker 3: make sure that we're buying properties that we could use

525
00:26:39,000 --> 00:26:41,880
Speaker 3: that are worth it. So we want to make sure

526
00:26:41,880 --> 00:26:44,520
Speaker 3: we're buying because we don't know how to buy land, right.

527
00:26:44,600 --> 00:26:46,560
Speaker 3: We know how to buy a lot of stuff, but

528
00:26:46,840 --> 00:26:49,560
Speaker 3: buying our land back is something that we don't know.

529
00:26:50,359 --> 00:26:53,000
Speaker 3: So I teach how to look for road frontage, how

530
00:26:53,040 --> 00:26:55,320
Speaker 3: to make sure we're looking for on the street. Like

531
00:26:55,359 --> 00:26:58,640
Speaker 3: these are simple things. You can just use Google look

532
00:26:58,680 --> 00:27:01,639
Speaker 3: at the street to see if there's a hole, and

533
00:27:01,720 --> 00:27:04,040
Speaker 3: that's how you know if it has county sewer lines

534
00:27:04,119 --> 00:27:08,560
Speaker 3: water and sewer lines, right, because sometimes in these rural areas,

535
00:27:08,600 --> 00:27:10,800
Speaker 3: you can buy a piece of land and it doesn't

536
00:27:10,840 --> 00:27:13,040
Speaker 3: have a sewer line and you got a dig a

537
00:27:13,080 --> 00:27:18,000
Speaker 3: sceptic too, right exactly. So I'm teaching our people things

538
00:27:18,080 --> 00:27:18,480
Speaker 3: like this.

539
00:27:19,080 --> 00:27:21,879
Speaker 2: So over the five days, people are going By the

540
00:27:21,960 --> 00:27:24,400
Speaker 2: end of the five days. I'm a wind think I'm

541
00:27:24,400 --> 00:27:24,840
Speaker 2: an owner.

542
00:27:25,720 --> 00:27:28,400
Speaker 3: You can be, you certainly can be, but.

543
00:27:28,359 --> 00:27:29,640
Speaker 4: He wants to make sure you know what.

544
00:27:30,359 --> 00:27:35,520
Speaker 3: Yes, I freely give that information, but I don't recommend

545
00:27:35,520 --> 00:27:38,240
Speaker 3: you buy without learning first, right, So I want you

546
00:27:38,280 --> 00:27:40,920
Speaker 3: to learn. We have to. We have to get out

547
00:27:40,920 --> 00:27:42,679
Speaker 3: of the habit of just trying to do things on

548
00:27:42,720 --> 00:27:45,680
Speaker 3: our own. Right just because we know how doesn't mean

549
00:27:46,440 --> 00:27:48,639
Speaker 3: like you should just go to Detroit and just start

550
00:27:48,640 --> 00:27:52,400
Speaker 3: buying stuff because it can be bad. It could be bad.

551
00:27:52,480 --> 00:27:53,480
Speaker 3: It could be bad.

552
00:27:54,080 --> 00:27:57,000
Speaker 1: The last missing piece I would say is contractors, because

553
00:27:57,040 --> 00:27:59,800
Speaker 1: like you said, you have to switch contractors multiple times,

554
00:28:00,280 --> 00:28:02,720
Speaker 1: and so even finding licensed people who can do the

555
00:28:02,760 --> 00:28:05,000
Speaker 1: work and contractors who aren't going to run off, who

556
00:28:05,080 --> 00:28:07,840
Speaker 1: are reliable. You know, I've had my own issues with

557
00:28:08,000 --> 00:28:11,679
Speaker 1: contractors as well. I think anybody who's had to do

558
00:28:11,720 --> 00:28:14,040
Speaker 1: a rehab has had those same issues. I don't know

559
00:28:14,080 --> 00:28:17,040
Speaker 1: too many people who have had the same contractor throughout

560
00:28:18,160 --> 00:28:19,200
Speaker 1: multiple projects.

561
00:28:19,320 --> 00:28:23,200
Speaker 4: So is that something also that there is help with.

562
00:28:23,240 --> 00:28:25,479
Speaker 3: We teach how to find. In Michigan, we have our

563
00:28:25,560 --> 00:28:29,240
Speaker 3: own We have contractors that we use that are trusted,

564
00:28:29,920 --> 00:28:32,040
Speaker 3: and it took a long time to get there. So

565
00:28:32,200 --> 00:28:37,000
Speaker 3: there's a hardware store called Dexter Hardware. When Dexter Dexter

566
00:28:37,119 --> 00:28:40,280
Speaker 3: in Detroit, right, it's a famous hardware store. I got

567
00:28:40,280 --> 00:28:42,880
Speaker 3: close with the owner, the person that runs in her

568
00:28:42,920 --> 00:28:46,280
Speaker 3: name is tiny and she like recommended me because she

569
00:28:46,560 --> 00:28:50,440
Speaker 3: saw the struggle. She saw me buying, she saw me working,

570
00:28:50,680 --> 00:28:53,400
Speaker 3: and she saw me supporting her. And I'm like, man,

571
00:28:53,480 --> 00:28:56,120
Speaker 3: like why And I started asking her like, Hey, what's

572
00:28:56,120 --> 00:28:57,280
Speaker 3: wrong with these guys here?

573
00:28:57,320 --> 00:28:58,400
Speaker 4: Like it's tough.

574
00:28:58,720 --> 00:29:01,479
Speaker 1: Wow, there's a lot of lit of construction going on

575
00:29:01,520 --> 00:29:04,880
Speaker 1: in the city. Is really hard to find. Yeah, great contractors.

576
00:29:05,160 --> 00:29:05,360
Speaker 3: Yeah.

577
00:29:05,400 --> 00:29:07,960
Speaker 2: So people can start by signing up for the challenge

578
00:29:08,200 --> 00:29:13,920
Speaker 2: that propertytopassive dot com. Absolutely, it's June sixteenth to the twenty.

579
00:29:14,120 --> 00:29:14,840
Speaker 3: It's virtual.

580
00:29:14,960 --> 00:29:18,200
Speaker 4: It's virtual, okay, but anybody anywhere can do it. Love it.

581
00:29:18,240 --> 00:29:20,960
Speaker 2: So it's part of a big Juneteenth movement to get

582
00:29:20,960 --> 00:29:24,840
Speaker 2: our community to make those take back our land as

583
00:29:24,840 --> 00:29:26,960
Speaker 2: you've described it to me. And I also love that

584
00:29:27,000 --> 00:29:30,040
Speaker 2: when they do this collectively that they can we're also

585
00:29:30,080 --> 00:29:31,440
Speaker 2: creating safe neighborhoods.

586
00:29:31,840 --> 00:29:36,640
Speaker 3: Absolutely, we're creating that sense of community again, that's what's important. Right,

587
00:29:36,720 --> 00:29:40,239
Speaker 3: So if someone is new, they have apple that they

588
00:29:40,280 --> 00:29:43,840
Speaker 3: can ask questions about yeah, right, they can buy strategically

589
00:29:44,120 --> 00:29:48,840
Speaker 3: near where she owns property. We teach and here was

590
00:29:48,880 --> 00:29:52,960
Speaker 3: the concept too. A lot of it started in Detroit,

591
00:29:53,000 --> 00:29:55,080
Speaker 3: like that's where I had the team, because one, I

592
00:29:55,120 --> 00:29:57,520
Speaker 3: want a company to come with me. So I'm like, hey,

593
00:29:57,560 --> 00:30:01,400
Speaker 3: I want to learn all right, right, just better with people, right,

594
00:30:01,520 --> 00:30:06,000
Speaker 3: like going in far and just unknown areas, it's better.

595
00:30:06,240 --> 00:30:08,240
Speaker 3: And at the time I was going, it was almost

596
00:30:08,280 --> 00:30:11,520
Speaker 3: like the murder capital of the country. But I figure,

597
00:30:11,520 --> 00:30:15,000
Speaker 3: we look alike, I'm here to help, and I never

598
00:30:15,080 --> 00:30:17,440
Speaker 3: ran into issues. And you have to admit they are

599
00:30:17,600 --> 00:30:18,440
Speaker 3: really nice people.

600
00:30:18,520 --> 00:30:20,720
Speaker 1: Yeah, it's amazing and they see it and we see

601
00:30:20,720 --> 00:30:23,440
Speaker 1: everything that's happening in Detroit right now. That was a

602
00:30:23,480 --> 00:30:26,800
Speaker 1: great place to invest in. And so that's and I

603
00:30:26,840 --> 00:30:29,600
Speaker 1: also recommend when people do things like you know, make

604
00:30:29,640 --> 00:30:32,840
Speaker 1: sure you do go and see where you're gonna be

605
00:30:32,960 --> 00:30:36,320
Speaker 1: and also meet people like you did. That helps a

606
00:30:36,320 --> 00:30:38,560
Speaker 1: lot too. And I think people also who are from there.

607
00:30:38,600 --> 00:30:40,920
Speaker 1: We have to respect that too. And you always want

608
00:30:40,960 --> 00:30:44,440
Speaker 1: to make sure that you're a positive asset to a community.

609
00:30:44,640 --> 00:30:47,960
Speaker 3: They do support you, they yes, they do. The neighborhood

610
00:30:48,160 --> 00:30:51,959
Speaker 3: supports you. Neighbors. Oh, here's I if I share the

611
00:30:51,960 --> 00:30:56,440
Speaker 3: Detroit Lamping, it's called Buildingdetroit dot org. The neighbors. The

612
00:30:56,480 --> 00:30:59,000
Speaker 3: best thing you can do is introduce yourself to the neighbors.

613
00:30:59,040 --> 00:31:01,680
Speaker 3: They will embrace you. They will be your security guards.

614
00:31:02,160 --> 00:31:05,360
Speaker 3: Neighbors call me all the time, Hey, Charles, is this

615
00:31:05,480 --> 00:31:07,720
Speaker 3: your guy? Did he changed bands? So you have somebody

616
00:31:07,800 --> 00:31:09,920
Speaker 3: they will certainly call because it's their block.

617
00:31:10,000 --> 00:31:12,920
Speaker 1: They'll be like, somebody broke into two blocks down. Just

618
00:31:13,520 --> 00:31:15,320
Speaker 1: like they tell you everything that's going on.

619
00:31:15,480 --> 00:31:18,840
Speaker 3: They do. So I just I felt like it was

620
00:31:19,200 --> 00:31:22,440
Speaker 3: I was called upon to bring other people here. It's

621
00:31:22,480 --> 00:31:25,719
Speaker 3: a gold mine of an investment. Right. We're not going

622
00:31:25,800 --> 00:31:28,800
Speaker 3: to lose into foreclosure because we have issues with foreclosure.

623
00:31:29,120 --> 00:31:31,840
Speaker 3: Our people lose properties at the highest rate. So I

624
00:31:31,880 --> 00:31:35,040
Speaker 3: figured this is a safe investment. You can't lose the

625
00:31:35,080 --> 00:31:37,480
Speaker 3: property because there's no debt on the property, so you're

626
00:31:37,480 --> 00:31:39,320
Speaker 3: never gonna lose it. You'll be able to pass this

627
00:31:39,400 --> 00:31:42,920
Speaker 3: property down. You may struggle a little and renovating if

628
00:31:42,920 --> 00:31:45,920
Speaker 3: you try to do it by yourself. Luckily, we created

629
00:31:46,040 --> 00:31:50,160
Speaker 3: a team where a new person could ask f FORO, Hey,

630
00:31:50,160 --> 00:31:52,440
Speaker 3: how was your experience with Kevin the contract or? Was

631
00:31:52,440 --> 00:31:55,680
Speaker 3: he good? She's gonna say, yeah, he was slow. He's slow,

632
00:31:55,800 --> 00:31:59,480
Speaker 3: but he ain't gonna rob you, right. You already with

633
00:31:59,520 --> 00:32:00,760
Speaker 3: that as you work.

634
00:32:00,920 --> 00:32:02,920
Speaker 4: Yeah, yeah, it's just communicate with me.

635
00:32:03,480 --> 00:32:06,360
Speaker 3: Yeah. So that's why we created the team, and that's

636
00:32:06,360 --> 00:32:09,600
Speaker 3: why we created this challenge for Juneteenth. We cannot get

637
00:32:09,640 --> 00:32:12,880
Speaker 3: our names back, but we can get our properties back.

638
00:32:13,040 --> 00:32:15,640
Speaker 4: Property toepassive dot com. You guys got to sign up.

639
00:32:15,960 --> 00:32:18,640
Speaker 1: I definitely have already purchased, you know, a property from

640
00:32:18,640 --> 00:32:20,160
Speaker 1: the land bank. So that's why I'm glad we were

641
00:32:20,160 --> 00:32:23,440
Speaker 1: able to have this conversation. Foo was here as proof

642
00:32:23,600 --> 00:32:26,920
Speaker 1: positive of how she joined and did a challenge as well.

643
00:32:27,680 --> 00:32:30,560
Speaker 1: So appreciate you Charles for coming. Everybody, make sure y'all

644
00:32:30,600 --> 00:32:34,040
Speaker 1: hit them up. And yeah, let's get it going. Let's

645
00:32:34,080 --> 00:32:35,600
Speaker 1: get our properties, let's get